BrewBilt Brewing Co (BRBL): 12. COMMITMENTS On June 27, 2016, th...

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Re: shajandr post# 45389

Saturday, 11/19/2016 8:51:42 AM

Saturday, November 19, 2016 8:51:42 AM

12. COMMITMENTS

On June 27, 2016, the Company entered into a Consulting Agreement (“Agreement”) with Channel Sales & Consulting, LLC (“Consultant”). The Company has agreed to pay the Consultant $3,000 per month for the first two months, and $4,000 per month thereafter. The Consulting will also be paid a 10% commission on all gross sales generated through a licensed dealer and 30% commission on non-licensed dealers. The Consultant will receive a signing bonus of $100,000 to be issued in restricted common stock at fair market value, to be issued to the Consultant or entity of their choice. If within the first twelve months of the Agreement, the Consultant generates gross sales above $2,000,000, the Company will pay an additional 5% commission on gross sales, either in cash or restricted common stock.

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