An amount of 1 (one) US Dollar will be payable by the Grower for every tree purchased from the nurseries approved by Zaiger SA. The amount payable will be converted to South African Rand at the spot rate on March 25th each year.
An amount of 750 (seven hundred and fifty) US Dollars will be payable per year for every hectare or portion of a hectare of the Designated Site planted with Zaiger Plant Selections/varieties in their third leaf from initial planting on the Designated Site, or second leaf from top-working. The amount of $750 (seven hundred and fifty US Dollars) will increase thereafter to $950 (nine hundred and fifty US Dollars) for the next and subsequent growing seasons. This royalty is payable in arrears on every Annual Licence Date for as long as the Zaiger Plant Selections/varieties are planted on the Designated Site. The amount payable will be converted to South African Rand at the spot rate on the Annual Licence Date (March 25th each year).