HIGH PERFORMANCE BEVERAGES CO. | 2013 | FY | 3


   
Year Royalty
1 12% of Gross Profit
2 $50,000 plus 8% of Gross Profit
3 $100,000 or 6% of Gross profit, whichever is higher
4 $150,000 or 6% of Gross profit, whichever is higher
5 $200,000 or 6% of Gross profit, whichever is higher

us-gaap:ResearchAndDevelopmentArrangementContractToPerformForOthersTextBlock