Termination Agreement between Umami Sustainable Seafood Inc. and Atlantis Group HF

Summary

Umami Sustainable Seafood Inc. (formerly Lions Gate Lighting Corp.) and Atlantis Group HF have agreed to immediately terminate their previous Call Option Agreement dated July 1, 2010. All rights, obligations, and any option exercises under the original agreement are cancelled and declared void. Both parties confirm that this termination has been properly authorized by their respective boards of directors.

EX-10.27 11 v236729_ex10-27.htm EXHIBIT 10.27 Unassociated Document
 
TERMINATION AGREEMENT
 
Reference is hereby made to that certain Call Option Agreement dated July 1, 2010 (as subsequently amended, extended or renewed, the “Agreement”) between Atlantis Group HF and Lions Gate Lighting Corp. (now known as Umami Sustainable Seafood Inc.).  The parties to the Agreement hereby agree as follows:
 
1.  
The Agreement and all rights and obligations thereunder are hereby terminated effective immediately.
 
2.  
Option exercises, if any, under the Agreement are hereby cancelled and null and void.
 
3.  
Each party warrants and represents that this termination agreement has been duly authorized by its board of directors.
 

 
Dated: October 3, 2011
 
Umami Sustainable Seafood Inc.  
(formerly known as Lions Gate Lighting Corp.)
    Atlantis Group HF  
         
/s/ Oli Valur Steindorsson
   
/s/ Arni Pall Einarsson
 
Name:
   
Name:
 
Title: Chairman/CEO 
   
Title: CEO