PUBLISHER LICENSE AGREEMENT

General

This Publisher Game License Agreement ("Agreement") is between AREC MEDIA SRL, a Romanian company with its registered office in Bucharest, Romania (“Distributor”); and you, the owner of the publishing platforms (herein referred to as “You” or “Your” or as “Publishing Partner"), each a “Party” and collectively the “Parties”.

Please read the Agreement carefully. If You do not agree to all the terms of this Agreement, You are not permitted to create an account on the distribution platform. By creating an account on the distribution platform, You agree with all the terms and conditions of the Agreement.

Terms of Agreement

This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Distributor and the Publishing Partner, with respect to the subject matter hereof.

The Distributor hereby grants Publishing Partner a non-exclusive game distribution and publishing license of "The Games" under the terms of this Agreement.

"The Games" represents the selection of top quality HTML5 products, their artwork and software, developed and/or distributed by the Distributor and presented to Publishing Partner by email or in the account dashboard.

The Game Distribution and Publishing License Agreement ( "The Agreement" ) grants Publishing Partner the right to publish and promote The Games on the internet, on all desktop and mobile versions of their web Portals. The Publishing Partner may not alter, copy, sell or host the files or any other component of The Games. The Publishing Partner will not publish the games on any app stores or other platforms without The Distributor's written consent.

The Distributor has the right to show ads in The Games on desktop and mobile portals.

The Effective Date is the date that You created an account on the Distribution Platform and accepted the terms of this Agreement.

Each party may terminate The Agreement with immediate effect.

Terms of Distribution and Publishing

The Distributor will host The Games.

The Distributor will deliver The Games in iframe code/embed format to the Publishing Partner.

The Distributor will manage in-game advertising in order to achieve the highest possible revenue by combining Google AdSense/AdExchange campaigns and direct premium campaigns approved by Publishing Partner.

Terms of Advertising and Revenue Share

The Publishing Partner will receive 50% revenue share from the Net In Game Revenues generated by ads displayed in The Games and received by The Distributor (from Google AdSense/AdExchange or other third party advertising agencies).

The ln-Content Advertising platform costs and content hosting costs incurred by the Distributor are set to a maximum at fifteen (15) percent of the Gross In Game Revenues (if applicable), and VAT (if applicable).

If the amount to be paid does not exceed a 250 Euros threshold, the amount will be carried forward to the next month.

Accounts generating less than 50 euros net per month will be automatically deactivated. The pending revenue will be paid by the Distributor upon receipt of invoice from the Publishing Partner.

The Distributor will pay the amount within a maximum of 30 days after receipt/auto generation of the invoice.

An invoice will be auto generated by the system on the 15th of every month, for the revenue share of the preceding month if that amount is above the minimum threshold.

If any of the parties decide to terminate the Agreement, the Publishing Partner will invoice The Distributor for the unpaid revenue share until the termination date.

This Agreement and any relating addendums, amendments or further agreements shall be governed by the laws of Romania.