Castle Brands Board (ROX)

[$oldier Hard]

This is even a bit closer. Pg 60.

The Company has entered into a supply agreement with a bourbon distiller, which provides for the production of newly-distilled bourbon whiskey. Under this agreement, the distiller will provide the Company with an agreed upon amount of original proof gallons of newly-distilled bourbon whiskey, subject to certain annual adjustments. For the contract year ending December 31, 2018, the Company contracted to purchase approximately $3,900,000 in newly-distilled bourbon, of which $3,963,700 was purchased as of December 31, 2018. For the contract year ending December 31, 2019, the Company contracted to purchase approximately $4,550,000 in newly-distilled bourbon, of which $1,171,950 was purchased as of March 31, 2019. The Company is not obligated to pay the distiller for any product not yet received.