Standard Revenue Share Calculation Addendum
This addendum (“Addendum”) describes the Standard Revenue Share process and applies to the Contributor Agreement made between Explorest, Inc (“Explorest”) and you (“Contributor”). By providing your electronic signature for the Contributor Agreement https://www.explorest.com/legal/contributor.html, you agree to the following terms.
All capitalized terms used and not otherwise defined herein shall have the meaning ascribed to them in the Explorest Contributor Agreement.
Standard Revenue Share and Commission for Contributors
THIS ONLY APPLIES FOR CONTRIBUTORS WITH PLIs ELIGIBLE FOR THE STANDARD REVENUE SHARE. PLIs that have been purchased via a License Fee are not eligible for the Standard Revenue Share.
Fifty-percent (50%) of the Net Amount received from User Subscription Fees less any applicable deductions, such as User refunds, shall be distributed by Explorest proportionally to Contributors (“Standard Revenue Share”).
Your share of the Standard Revenue Share will be determined each month based on the number of Photo Location Insights (“PLIs”) you have contributed and the engagement on those PLIs. The proportion of Standard Revenue Share that shall be allocated to you in a given month shall be determined based on the following formula:
*Engagement of PLIs is determined by:
- User Views of your PLIs
- If a User purchased a Subscription from one of your PLIs
Tips to Maximize your Commission
- Submit a new PLI at least once a month
- Remind your fans to Subscribe to the PLI database by clicking the “UNLOCK PREMIUM INSIGHTS” button on one of your PLIs
- Share your PLIs and User profile to your social media followers so they can easily discover the information you have contributed.
Modifications to This Addendum
From time to time Explorest may update this Addendum to clarify its policies or reflect new policies or practices. Explorest reserves the right to modify and/or make changes to this Agreement at any time. If material changes are made Explorest will notify you by email sent to the email address specified in your Account or by posting a notice on the App. All modifications will become effective on the day they are posted unless stated otherwise. If you continue to use the App, after the effective date of any change, then such access and/or use will be deemed an acceptance of and an agreement to follow and be bound by this Agreement as modified. The revised Agreement supersedes all previous Agreements.
This Standard Revenue Share Calculation Addendum was last updated on August 15th, 2018.