Waiver of Right of First Offer Agreement between Schwan’s Shared Services, LLC and The tru Shrimp Company
Schwan’s Shared Services, LLC agrees to waive its Right of First Offer with respect to The tru Shrimp Company for a twelve-month period from October 1, 2021 to September 30, 2022. During this time, The tru Shrimp Company may seek and accept investment offers from other parties without any obligation to Schwan’s. This waiver is formalized in a letter agreement addressed to The tru Shrimp Company and signed by Schwan’s.
Exhibit 10.19
July 26, 2021
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”) are hereby waived for an additional twelve-month period from October 1, 2021 through September 30, 2022 and that The tru Shrimp Company is permitted to solicit offers to invest in the securities of The tru Shrimp Company and accept such offers during such waiver period without further obligation to Schwan’s.
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| Very truly yours, |
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| SCHWAN’S SHARED SERVICES, LLC | |||
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| By: | /s/ Scott Xi |
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| Name: | Scott Xi |
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| Title: | Secretary |
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