Common use of Collaboration Fee Clause in Contracts

Collaboration Fee. ▇▇▇▇▇▇▇▇’▇ will pay to Beyond a quarterly fee in arrears equal to 0.50% of ▇▇▇▇▇▇▇▇’▇’ retail brick-and-mortar revenue (excluding e-commerce) as determined in accordance with GAAP for each fiscal quarter (the “Collaboration Fee”) (provided that with respect Collaboration Fees accrued during the period running from February 2, 2025 through May 3, 2025, the Collaboration Fee percentage is 0.25%). The Collaboration Fee shall continue to accrue from the date set forth in the Original Collaboration Agreement (such accrual having begun on February 2, 2025), with the initial Collaboration Fee due to be paid following the date hereof within 60 days following the end of the fiscal quarter ending August 2, 2025. ▇▇▇▇▇▇▇▇’▇ obligation to pay the Collaboration Fee shall be automatically extended for two additional years following the effective date of expiration or termination of this Agreement if any of the promissory notes issued under the Amended Beyond Credit Agreement remain outstanding and unpaid as of the expiration or termination of this Agreement.