High Performance Beverages Comp. (TBEV)

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There are actually more details:

Amount of Royalties. During the Term, Licensee shall pay Licensor Royalties in the amount of ten dollars ($10) a case by all sales and other transfers of the Licensed Products and $75,000 a year quarterly payments of $18,750.

Payment of Royalties. All Royalties shall be paid by Licensee to Licensor in quarterly payments. First payment due at signing.

Licensed Product Selling Prices. Licensee shall set the price of all Licensed Products at a price designed to maximize Net Revenue. Notwithstanding the foregoing, in order to reflect the high standards and quality of Licensor and of the Licensed Products, Licensee agrees that the selling prices for the Licensed Products shall not be below commercially reasonable levels within the territory being sold.

Each year during the Term, Licensee agrees to spend at least ten percent (5%) of Net Revenues per month on marketing the Licensed Products throughout the Territory (“Marketing Spend”).