Revenue Sharing
The parties hereby agree that the Net Revenue generated from transactions carried out using the SeerGate would be split between UBA and Centric Gateway at the ratio of 70:30, respectively. Before being split between the Parties, UBA shall deduct from the Gross Revenue, direct fees, third party fees and settlement/clearing/network fees directly attributable to each transaction that generated the Revenue, to produce the Net Revenue.
8. Term
This Agreement shall come into effect on the 27 day of February 2015 and shall remain in force for a term of one (1) year, except it is terminated in accordance with the provisions of this Agreeme