NOTE 16. COMMITMENTS AND CONTINGENCIES Lease Commitments The Company leases various facilities and offices throughout the world including the following subsidiary locations: Gourmet Foods has operating leases for its office, factory and warehouse facilities located in Tauranga, New Zealand, as well as for certain equipment including vehicles. These leases are generally for three -year terms, with options to renew for additional three -year periods. The leases mature between October 2018 and August 2021, and require monthly rental payments of approximately US$11,122 translated to U.S. currency as of December 31, 2018. Brigadier leases office and storage facilities in Saskatoon and Regina, Saskatchewan. The minimum lease obligations require monthly payments of approximately US$5,358 translated to U.S. currency as of December 31, 2018. Original Sprout currently leases office and warehouse space in San Clemente, CA under a three -year lease agreement expiring or renewing at March 1, 2021. Minimum monthly lease payments are approximately $7,805 with increases annually. Wainwright leases office space in Walnut Creek, California under an operating lease which expires in December 2024. Minimum monthly lease payments are approximately $12,000 with increases annually. For the three and six months ended December 31, 2018, the combined lease payments of the Company and its subsidiaries totaled $92,428 and $160,276, respectively, as compared to $75,862 and $152,389, respectively, for the three and six months ended December 31, 2017. Future minimum consolidated lease payments for Concierge and its subsidiaries are as follows: Year Ended June 30, Lease Amount 2019 $ 224,930 2020 354,365 2021 319,256 2022 178,506 2023 167,334 2024 84,317 Total minimum lease commitment $ 1,328,708 Additionally, Gourmet Foods entered into a General Security Agreement in favor of the Gerald OLeary Family Trust and registered on the Personal Property Securities Register for a priority sum of NZ$110,000 (approximately US$73,821 ) to secure the lease of its primary facility. In addition, a NZ$20,000 (approximately US$13,423 ) bond has been posted through ANZ Bank and secured with a cash deposit of equal amount to secure a separate facilities lease. The General Security Agreement and the cash deposit will remain until such time as the respective leases are satisfactorily terminated in accordance with their terms. Interest from the cash deposit securing the lease accumulates to the benefit of Gourmet Foods and is listed as a component of interest income/expense on the accompanying Consolidated Statements of Operations. Other Agreements and Commitments USCF Advisers has entered into expense limitation agreements with one of the funds it manages under which USCF Advisers has agreed to waive, reimburse fees or pay fund expenses in order to limit the funds total annual operating expenses to certain threshold amounts. The USCF Commodity Strategy Fund expense limitation agreement remained in effect until July 31, 2018 and limits fund expenses to 1.30% and 0.95% of the funds average daily net assets for the Class A and Class I shares classes, respectively. USCF Advisers may terminate the expense limitation agreements at any time upon not less than 90 days notice to the respective fund trust boards. USCF manages seven funds which have expense waiver provisions, whereby USCF will reimburse funds when fund expenditure levels exceed certain thresholds amounts. As of December 31, 2018, and December 31, 2017 the expense waiver payable was $0.4 million and $0.9 million, respectively. However, USCF has no obligation to continue such payments into subsequent periods. Litigation From time to time, the Company is involved in legal proceedings arising mainly from the ordinary course of its business. In managements opinion, the legal proceedings are not expected to have a material effect on the Companys financial position or results of operations. Retirement Plan Wainwright's wholly owned subsidiary USCF, has a 401 (k) Profit Sharing Plan covering its employees who are over 21 years of age and who have completed a minimum of 1,000 hours of service and have worked for USCF for one or more years. Participants may make contributions pursuant to a salary reduction agreement. In addition, USCF makes an annual safe harbor matching contribution. There were no annual profit sharing contributions paid during the six months ended December 31, 2018 and 2017.