Starco Brands amends Cardi B license deal, modifies royalty structure and eliminates sales threshold

Starco Brands, Inc.

Amended and restated license agreement with Cardi B's licensor Washpoppin Inc., effective Nov 27, 2023.
Royalty rate revised to a percentage of Net Sales; previous net sales threshold eliminated.
Minimum royalty unchanged; no changes to exclusivity for alcohol-infused dessert products.
The amendment applies to Whipshots LLC, a Starco Brands subsidiary.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Starco Brands, Inc. amended A&R License Agreement with Washpoppin Inc. valued at modifying the royalty rate based on Net Sales (effective 2023-11-27).

Action: amendment
Agreement: license
Counterparty: Washpoppin Inc.
Value: modifying the royalty rate based on Net Sales
Effective: 2023-11-27

Exact text from the filing

On December 7, 2023, the parties amended and restated the License Agreement with an effective date of November 27, 2023 (the "A&R License Agreement").

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Starco Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-044272

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