Waiver of Right of First Offer Agreement between Schwan’s Shared Services, LLC and The tru Shrimp Company

Contract Categories: Business Finance › Waiver Agreements
Summary

Schwan’s Shared Services, LLC agrees to temporarily waive its Right of First Offer with respect to investments in The tru Shrimp Company. From April 10, 2019 until May 1, 2020, The tru Shrimp Company may seek and accept investment offers from other parties without needing to first offer those investment opportunities to Schwan’s. This waiver is limited to the specified period and does not permanently alter the original agreement between the parties.

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EX-10.17 17 ex_331023.htm ex_331023.htm

Exhibit 10.17

 

April 10, 2019

 

The tru Shrimp Company

Attn: Michael Ziebell

330 3rd Street

Balaton, MN 56115

 

Re: Waiver of Right of First Offer

 

Mr. Ziebell:

 

This letter will confirm that the terms of the Right of First Offer dated August 8, 2017 (the “ROFO”) is hereby waived for a period from the date of this letter until May 1, 2020 and that The tru Shrimp Company is permitted to solicit offer to invest in the securities of The tru Shrimp Company and accept such offers during such waiver period without further obligation to Schwan’s.

 

 

Very truly yours,

 
     
  SCHWAN’S SHARED SERVICES, LLC  
     

 

 

 

 

 

By:

/s/ Brian Sattler

 

 

Name;

Brian Sattler

 

 

 Title:

EVP Business Services & GC