SevenHundredTwentyDollars($3,723,720)overtheTerm
of
thisAgreementforCompanyBeveragesandDPDrinks(definedbelow)soldthroughCompany'sfullserviceBeveragevendingmachinesonCampus
as
describedin
Exhibit
B.
TheGuaranteedCommissionshallbepaid
as
follows:theactualcommissionsearnedbyUniversitywillbepaidmonthlyinaccordancewith
Exhibit
B.
If
at
theend
of
anyAgreementYeartheactualcommissionsearnedandpaidforsuchAgreementYeararelessthanFiveHundredThirty-OneThousand,NineHundredSixtyDollars($531,960),thenCompanywillpay,orwillcauseitssubcontractors
to
pay,thedifferencewithinthirty(30)businessdaysfollowingtheend
of
suchAgreementYear.
In
addition,Company,byway
of
itsBeveragesubcontractor,willprovide
an
incentivecommissiononthesale
of
vendedBeverageproducts
to
theUniversity
as
follows:
(A)
"MinimumVendSalesThreshold'shallmeansalesvolume
of
90,000cases(24ct)
of
12
ouncecontainers
of
CompanyBeveragesandDPDrinks,ortheequivalentinfluidouncesduringanAgreementYear.
(B)
Onallsales
of
CompanyBeveragesandDPDrinksinexcess
of
theMinimumVendSalesThresholdeachAgreementYear,Company,byway
if
itsBeveragesubcontractor,shallpay
to
University
an
incentivecommissionequaltoI%
of
thesalespricein
ExhibitB
onsuchsales.2.3Companywillpay,orwillcauseitssubcontractorstopay,toUniversityacommission
for
snackssoldthroughCompany'svendingmachinesonCampusasdescribedin
Exhibit
B.
Thecommissionwillbepaid
as
earnedinmonthlypayments.FundscreditedtoUniversitythrough
v e n d i n ~
machinesalesusingthedebitcardsystemshallbeprocessedbyUniversityas
of
the
1S
t
andlastday
of
themonthandpaymentsmailedtoCompanywithintwo
(2)
weeks
of
theend
of
eachsuchreportingperiod.
2.4MarketingExpenditures.
CompanywillallocateThreeHundredFiftyThousandDollars($350,000)overtheTerm
of
theAgreementtosupportanannualMarketingCalendar.CompanywillimplementaMarketingCalendarthatwillbemutuallyagreed
to
byCompanyandUniversityatthebeginning
of
eachAgreementYear,suchagreementnot
to
beunreasonablywithheldbyeitherparty.Thisfundwillbeallocated
in
increments
of
FiftyThousandDollars($50,000)bytheCompany
for
eachAgreementYear.UniversityagreesthatCompanymayusemoneyfromthisfundtopurchasetheticketsandhospitalityrightsdescribedinSection7.7below.Shouldexpendituresorothervalue-addeditemsdeliveredorprovidedbyCompanyfallshort
of
FiftyThousandDollars($50,000)invalueinanyAgreementYear,CompanywillpayUniversitytheremainingbalanceattheend
of
theAgreementYear.CompanywillalsoallocateTwenty-OneThousandDollars($21,000)overtheTerm
of
theAgreementtosupportmarketingthroughsnackvendingmachines.Thefundwillbeallocatedinincrements
of
ThreeThousandDollars($3,000)bytheCompanyforeachAgreementYear.Shouldexpendituresorothervalue-addeditemsdeliveredorprovidedbyCompanyand/oritssubcontractorfallshort
of
ThreeThousandDollars($3,000)
in
2
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