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$10,966

translated to U.S. currency as of

September 30, 2018.

Brigadier leases office and storage facilities in Saskatoon and Regina, Saskatchewan. The minimum lease obligations require monthly payments of approximately

US$5,654

translated to U.S. currency as of

September 30, 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 Oakland, California under an operating lease, which expired in

October 2018

and commenced with a new operating lease in

October 2018

for office space in Walnut Creek, California which expires in

December 2024.

Minimum monthly lease payments are approximately

$12,000

with increases annually.

For the

three

months ended

September 30, 2018

and

2017,

the combined lease payments of the Company and its subsidiaries totaled

$67,848

and

$41,201,

respectively.

Future minimum consolidated lease payments for Concierge and its subsidiaries are as follows:

Year Ended June 30,	Lease Amount
2019	$	332,201
2020		353,016
2021		318,046
2022		178,401
2023		167,450
2024		84,346
Total minimum lease commitment	$	1,433,460

Additionally, Gourmet Foods entered into a General Security Agreement in favor of the Gerald O’Leary Family Trust and registered on the Personal Property Securities Register for a priority sum of

NZ$110,000

(approximately

US$72,788

) to secure the lease of its primary facility. In addition, a

NZ$20,000

(approximately

US$13,234

) 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 fund’s 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

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

September 30, 2018,

and

September 30, 2017

the expense waiver payable was

$0.4

million and

$0.7

million, respectively. However, USCF has

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 management’s opinion, the legal proceedings are

not

expected to have a material effect on the Company’s 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

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

annual profit sharing contributions paid during the

three

months ended

September 30, 2018

and

2017.