Common use of Royalty Commission Clause in Contracts

Royalty Commission. a) Effective beginning April 1, 2022, in order to give LimitlessX a trial period and complete quality control, LimitlessX shall pay to Smilz from time to time royalty payments equal to 4.00% of the top line gross of List Sales Price, excluding returns, chargebacks and other such allowances. List Sales Price shall mean the List Price set by LimitlessX for the Products sold directly to end users or through a dealer, broker, affiliate, etc. b) All royalties shall be earned by Smilz when the purchase price for such products is received by LimitlessX. The royalties earned by Smilz under this Agreement shall be based on this paragraph for all sales of products whether sold by a Dealer or LimitlessX directly to the end customer by Smilz's promotional efforts. c) LimitlessX shall pay all earned royalties to Smilz on a monthly basis of each calendar year during the term of this Agreement, however, no payment shall be due for 2 months following the April 1 effective date. The first royalty fee shall therefore be due on June 15, 2022 for all back due royalties received for the months of April, 2022, and May 2022, if any, minus chargebacks and returns, with each fee payable on the 15th day of each month moving forward, with June receivables being due July 15, July receivables due August 15, and so on. Credit will be given the following month for any returns, chargebacks or refunds which come in after the last day of the month and unaccounted for by the 15th. Each royalty payment to Smilz shall be accompanied by sales records during the time covered by each such royalty payment.

Royalty Commission. a) Effective beginning April 1, 2022, in order to give LimitlessX a trial period and complete quality control, LimitlessX shall pay to Smilz LPI from time to time royalty payments equal to 4.00% of the top line gross of List Sales Price, excluding returns, chargebacks and other such allowances. List Sales Price shall mean the List Price set by LimitlessX for the Products sold directly to end users or through a dealer, broker, affiliate, etc. b) All royalties shall be earned by Smilz LPI when the purchase price for such products is received by LimitlessX. The royalties earned by Smilz LPI under this Agreement shall be based on this paragraph for all sales of products whether sold by a Dealer or LimitlessX directly to the end customer by SmilzLPI's promotional efforts. c) LimitlessX shall pay all earned royalties to Smilz LPI on a monthly basis of each calendar year during the term of this Agreement, however, no payment shall be due for 2 months following the April 1 effective date. The first royalty fee shall therefore be due on June 15, 2022 for all back due royalties received for the months of April, 2022, and May 2022, if any, minus chargebacks and returns, with each fee payable on the 15th day of each month moving forward, with June receivables being due July 15, July receivables due August 15, and so on. Credit will be given the following month for any returns, chargebacks or refunds which come in after the last day of the month and unaccounted for by the 15th. Each royalty payment to Smilz LPI shall be accompanied by sales records during the time covered by each such royalty payment.

Royalty Commission. a) Effective beginning April 1, 2022, in order to give LimitlessX a trial period and complete quality control, LimitlessX shall pay to Smilz Amarose from time to time royalty payments equal to 4.00% of the top line gross of List Sales Price, excluding returns, chargebacks and other such allowances. List Sales Price shall mean the List Price set by LimitlessX for the Products sold directly to end users or through a dealer, broker, affiliate, etc. b) All royalties shall be earned by Smilz Amarose when the purchase price for such products is received by LimitlessX. The royalties earned by Smilz Amarose under this Agreement shall be based on this paragraph for all sales of products whether sold by a Dealer or LimitlessX directly to the end customer by SmilzAmarose's promotional efforts. c) LimitlessX shall pay all earned royalties to Smilz Amarose on a monthly basis of each calendar year during the term of this Agreement, however, no payment shall be due for 2 months following the April 1 effective date. The first royalty fee shall therefore be due on June 15, 2022 for all back due royalties received for the months of April, 2022, and May 2022, if any, minus chargebacks and returns, with each fee payable on the 15th day of each month moving forward, with June receivables being due July 15, July receivables due August 15, and so on. Credit will be given the following month for any returns, chargebacks or refunds which come in after the last day of the month and unaccounted for by the 15th. Each royalty payment to Smilz Amarose shall be accompanied by sales records during the time covered by each such royalty payment.

Royalty Commission. a) Effective beginning April 1, 2022, in order to give LimitlessX a trial period and complete quality control, LimitlessX shall pay to Smilz Divatrim from time to time royalty payments equal to 4.00% of the top line gross of List Sales Price, excluding returns, chargebacks and other such allowances. List Sales Price shall mean the List Price set by LimitlessX for the Products sold directly to end users or through a dealer, broker, affiliate, etc. b) All royalties shall be earned by Smilz Divatrim when the purchase price for such products is received by LimitlessX. The royalties earned by Smilz Divatrim under this Agreement shall be based on this paragraph for all sales of products whether sold by a Dealer or LimitlessX directly to the end customer by SmilzDivatrim's promotional efforts. c) LimitlessX shall pay all earned royalties to Smilz Divatrim on a monthly basis of each calendar year during the term of this Agreement, however, no payment shall be due for 2 months following the April 1 effective date. The first royalty fee shall therefore be due on June 15, 2022 for all back due royalties received for the months of April, 2022, and May 2022, if any, minus chargebacks and returns, with each fee payable on the 15th day of each month moving forward, with June receivables being due July 15, July receivables due August 15, and so on. Credit will be given the following month for any returns, chargebacks or refunds which come in after the last day of the month and unaccounted for by the 15th. Each royalty payment to Smilz Divatrim shall be accompanied by sales records during the time covered by each such royalty payment.