12. COMMITMENTS AND CONTINGENCIES ? The Company had purchase commitments aggregating approximately $43.1 million at June 30, 2019, which represented commitments made by the Company and its subsidiaries to various suppliers of raw materials for the production of its products. These obligations vary in terms, but are generally satisfied within one year. ? The Company had contractual obligations aggregating approximately $175.0 million at June 30, 2019, which related primarily to sponsorships and other marketing activities. ? In February 2018, the working capital line limit for the Company's credit facility with HSBC Bank (China) Company Limited, Shanghai Branch was increased from $9.0 million to $15.0 million. At June 30, 2019, the interest rate on borrowings under the line of credit was 5.5%. As of June 30, 2019, the Company had $3.4 million outstanding on this line of credit, including interest, which is included in accounts payable in the condensed consolidated balance sheet. ? Legal Proceedings ? Litigation - The Company, certain affiliates of the Company and TCCC are parties to various agreements setting forth, among other things, provisions relating to TCCC's 18.7% equity holding in the Company and the terms on which the Companys energy drink products are distributed globally by members of TCCCs distribution network. Among other provisions, the agreements contain a non-compete provision restricting TCCC from marketing certain energy beverages. ? On October 31, 2018, by mutual agreement, the parties submitted to AAA arbitration a dispute regarding whether three energy drink products developed by TCCC fall under an exception to the non-compete provision relating to the Coca-Cola brand. The matter proceeded to a hearing before the arbitrators. On June 28, 2019, the arbitration panel issued its ruling, agreeing with TCCC that the energy drink products do fall under the exception relating to the Coca-Cola brand, and thus may be marketed and sold by TCCC. ? The Company is currently a defendant in a number of personal injury lawsuits, claiming that the death or other serious injury of the plaintiffs was caused by consumption of Monster Energy brand energy drinks. The plaintiffs in these lawsuits allege strict product liability, negligence, fraudulent concealment, breach of implied warranties and wrongful death. The Company believes that each complaint is without merit and plans a vigorous defense. The Company also believes that any damages, if awarded, would not have a material adverse effect on the Companys financial position or results of operations. ? Furthermore, from time to time in the normal course of business, the Company is named in other litigation, including consumer class actions, intellectual property litigation and claims from prior distributors. Although it is not possible to predict the ultimate outcome of such litigation, based on the facts known to the Company, management believes that such litigation in aggregate will likely not have a material adverse effect on the Companys financial position or results of operations. ? The Company evaluates, on a quarterly basis, developments in legal proceedings and other matters that could cause an increase or decrease in the amount of the liability that is accrued, if any, or in the amount of any related insurance reimbursements recorded. As of June 30, 2019, the Companys condensed consolidated balance sheet included accrued loss contingencies of approximately $2.3 million.