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 waive its Right of First Offer regarding investments in The tru Shrimp Company from May 2, 2020 through September 30, 2021. During this period, The tru Shrimp Company may seek and accept investment offers from other parties without needing to offer Schwan’s the right to invest first. This waiver is confirmed in writing and allows The tru Shrimp Company greater flexibility in raising capital during the specified timeframe.

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EX-10.18 18 ex_331024.htm ex_331024.htm

Exhibit 10.18

 

September 17, 2020

 

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 an additional period from May 2, 2020 through September 30, 2021 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/ Dimitrios P. Smyrnios

 

 

Name:

Dimitrios P. Smyrnios

 

 

Title:

President