Iconic Brands Inc (ICNB)

[Drugdoctor]

Agree, today's 1000 cases in a week NEWS is amazing... Let's review the Sales Targets for Bellissima..


On November 12, 2015, Bellissima Spirits LLC (“Bellissima”) entered into a License Agreement
with Christie Brinkley, Inc. (the “Bellissima Licensor”), an entity owned by Christie Brinkley
(“Brinkley”), to use Brinkley’s endorsement, signature, and other intellectual property owned by
the Bellissima Licensor. Iconic has agreed to guarantee and act as surety for Bellissima’s
obligations under certain sections of the License Agreement and to indemnify the Bellissima
Licensor and Brinkley against third party claims. Also, Brinkley was granted a 24 month option
to purchase 1% of the outstanding shares of Iconic common stock on a fully diluted basis (as of
the date of Brinkley’s exercise of the option) at an exercise price of $0.001 per share.

Pursuant to the License Agreement with the Bellissima Licensor (see note 9a. above), Bellissima
is obligated to pay the Bellissima Licensor a Royalty Fee equal to 10% of monthly gross sales of
Bellissima Brand products payable monthly. The Bellissima Licensor has the right to terminate
the endorsement if Bellissima fails to sell 10,000 cases of Bellissima Brand products in year 1,
15,000 cases in year 2, or 20,000 cases in year 3 and each subsequent year.

https://www.otcmarkets.com/financialReportViewer?symbol=ICNB&id=169766