Monday, September 07, 2015 11:54:56 AM
Item 16 of 10Q
http://ih.advfn.com/p.php?pid=nmona&article=67400542
Brand Licensing Agreements
VITAMINFIZZ ®
On November 21, 2013, through its subsidiary, Level 5, the Company entered into an Agreement with VITAMINFIZZ, L.P (“Licensor”), a California Limited Partnership where Level 5 acquired the exclusive rights in North America to use VitaminFIZZ® on and in connection with the marketing, distribution and sale of the Brand. Level 5 agreed to pay a licensing fee of $250,000 and no royalties shall be made to Licensor until such time as the aggregate royalty payments earned by Licensor exceed $250,000. Licensor retained a 49% equity interest in all net profit. A milestone payment of $1,000,000 is due to Licensor when net sales exceed $25,000,000.
If you can dig deeper and show me the link where Minerco has a "Worldwide" agreement I would appreciate the link.
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