Document:

Exhibit

Exhibit 10.18

FEBRUARY 26, 2016

SAVAGE RIVER, INC.
 

Advisor:
Bernhard van Lengerich
Food System Strategies, LLC
1855 Troy Lane
Plymouth, MN 55447

Re:    Advisor Agreement

1.    Services.  Savage River, Inc. Inc., a Delaware corporation, (the "Company"), wishes to obtain your services as an independent contractor ("Advisor”) on topics set forth in Exhibit A hereto (the "Services").  This letter will constitute an agreement between you and the Company and contains all the terms and conditions relating to the services you are to provide (the "Agreement").

2.    Consideration.  As consideration for your services and other obligations, the Company agrees to pay you the compensation set forth on Exhibit A to this Agreement.

3.    Term and Termination.  The term of this Agreement will be as set forth on Exhibit A to this Agreement, provided, however, that either party may terminate this Agreement at any time for any reason or no reason, with or without cause, upon written notice to the other party. Your obligations under Sections 6 and 7 will survive termination of this Agreement.

4.    Expenses.   You will be reimbursed for reasonable travel and other out-of-pocket expenses incurred by you at the request of the Company in connection with your services under this Agreement; provided that you provide the Company with receipts for such expenses and obtain prior approval of the Company for such expenses.   Such expenses shall be reimbursed within two (2) weeks of the time Company is provided with such receipts.

5.    Advisor.  Nothing in this Agreement shall in any way be construed to constitute you as an agent, employee or representative of the Company.   You will have no authority to enter into contracts which bind the Company or create obligations on the part of the Company without the express prior authorization of the Company.  Instead, your relationship with the Company will be that of an independent contractor performing the Services.   You will not be eligible for any employee benefits,  nor will  the  Company  make  deductions  from  payments  made  to  you  for  taxes.   You acknowledge and agree that you are obligated to report as income all consideration that you receive under this Agreement, and you acknowledge and agree to pay all self-employment and other taxes thereon.   You further agree to indemnify the Company and hold it harmless to the 

extent of any obligation imposed on the Company (a) to pay withholding taxes or similar items or (b) resulting from your being determined not to be an Advisor.

6.    Confidentiality.  Company will not use Advisor’s name or the terms of this agreement on it’s website, publications such as company brochures or press releases without Advisor’s prior written consent. You shall not disclose any of the Company’s Confidential Information to third parties.  You agree to take reasonable measures to protect the secrecy of and avoid disclosure or use of the Company’s Confidential Information in order to prevent it from falling into the public domain or the possession of persons other than those persons authorized under this Agreement to have any such information.  Such measures shall include the degree of care that you utilize to protect your own Confidential Information of a similar nature.   You agree to notify the Company of any misuse, misappropriation or unauthorized disclosure of the Company’s Confidential Information which may come to your attention. The foregoing commitments of confidentiality and non-use shall survive any termination or expiration of this Agreement and shall continue for a period of two (2) years from the date this Agreement is terminated or expires.

(a)    “Confidential  Information”  means  any  oral,  written,  graphic  or  machine- readable information, technical data or know-how disclosed by the Company to you which Confidential Information is designated in writing to be confidential or proprietary, or if given orally, is confirmed in writing as having been disclosed as confidential or proprietary within a reasonable time (not to exceed thirty (30) days) after the oral disclosure, or which information would, under the circumstances, appear to a reasonable person to be confidential or proprietary.

(b)    Exceptions.   Notwithstanding the above, you shall have no liability to the Company with regard to any Confidential Information that: (i) was in the public domain at the time it was disclosed or has entered the public domain through no fault of you; (ii) was known to you, without restriction, at the time of disclosure, as demonstrated by files in existence at the time of disclosure; (iii) becomes known to you, without restriction, from a source other than the Company without breach of this Agreement by you and otherwise not in violation of the Company’s rights; (iiii) is disclosed with the prior written approval of the Company; or (iiiii) is disclosed pursuant to the order or requirement of a court, administrative agency, or other governmental body; provided, however, that you shall provide prompt notice of  such  court  order  or  requirement  to  the  Company  to  enable  the  Company  to  seek  a protective order or otherwise prevent or restrict such disclosure.

7.    Conflicting Agreements.  You  represent that your performance of the terms of this Agreement  does  not  and  will  not  breach  any  agreement  to  keep  in  confidence  proprietary information, knowledge or data acquired by you in confidence prior to this Agreement with the Company, and you will not disclose to the Company, or induce the Company to use, any confidential or proprietary information or material belonging to any previous employer or others.  You agree not to enter into any agreement in conflict with the provisions of this Agreement. If you are being asked to provide any Services to Company that would create a conflict of interest with obligations 

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owed by you to a third party, you will notify Company and decline participation in the Services that create such a conflict.

8.    Delegation and Assignment Prohibited.   You may not delegate any duties or assign any rights under this Agreement without the express prior written consent of the Company.

9.    Amendment.   Any amendment to this Agreement must be in writing signed by you and the Company.

10.    Notices.  All notices, requests and other communications called for by this Agreement will be deemed to have been given if made in writing and either sent via email to the appropriate email addresses noted below or mailed, postage prepaid, if to you at the address set forth above and if to the Company at Savage River, Inc 111 Main Street, El Segundo, CA 90245 or such other addresses as either party specifies to the other.  Notices provided via email shall be deemed to have been given by the next business day after the email was sent and notices provided via mail, postage prepaid, shall be deemed to have been given three (3) business days after the day the notices was mailed.

11.    Governing Law/Dispute Resolution.   The validity, performance and construction of this Agreement will be governed by the laws of the State of Minnesota.   All claims and disputes arising under or relating to this Agreement are to be settled by binding arbitration in either Minneapolis or St. Paul, Minnesota or such other location as is mutually agreeable to the parties. The arbitration shall be conducted by one (1) arbitrator on a confidential basis pursuant to the Commercial Arbitration Rules of the American Arbitration Association, which arbitrator shall be appointed in accordance with said rules. Any decision or award as a result of any such arbitration proceeding shall be in writing and shall provide an explanation for all conclusions of law and fact and shall include the assessment of costs, expenses, and reasonable attorneys' fees. Any such arbitration shall be conducted by an arbitrator experienced in the consumer food products industry and shall include a written record of the arbitration hearing. The parties reserve the right to object to any individual who shall be employed by or affiliated with a competing organization or entity.   The parties agree that the arbitrator’s decision shall be the sole, exclusive and binding remedy between them regarding any and all disputes, controversies, claims and counterclaims presented to the arbitrator.

12.    Entire Agreement. This Agreement is the entire agreement and supersedes any prior consulting or other agreements between you and the Company with respect to the subject matter hereof.

13.    Approvals.  You represent that you are under no pre-existing obligations in conflict with the provisions of this agreement.

14.    Reasonable Best Efforts/Indemnification. Advisor shall use reasonable best efforts in providing the Services contemplated hereunder. However, Advisor does not guarantee or warrant the accuracy of any information provided hereunder or that the Services provided hereunder will lead to any successful result for Company.  As such, with the exception of any damage to Company 

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caused by Advisor’s breach of its obligations under Sections 6 and 7, above, and/or any act of willful misconduct  by  Advisor,  the  Company  agrees  (a)  not  to  bring  suit  against  Advisor  for  any inaccuracies  associated  with  information  provided  by  Advisor  hereunder  and/or  lack  of  any successful result for Company and (b) to indemnify, hold harmless, defend and pay damages in accordance with applicable law to Advisor in relation to any damages which Advisor incurs as a result of any lawsuit brought by a third party in which Advisor is named as a defendant as a result of providing Services under this Agreement.

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	SALVAGE RIVER, INC.

	 
	 

	By
	/s/ Ethan Brown

	Name: Ethan Brown

	Title: CEO

	 
	 

	Email:

	 
	 

	 

	FOOD SYSTEM STRATEGIES, LLC

	 
	 

	By
	/s/ Bernhard Van Lengerich

	Name: Bernhard Van Lengerich

	Title: Founder & CEO

	Email: bv101@comcast.net

EXHIBIT A

		
	1.
	Contact:  Advisor’s principal Company contact: Ethan Brown, CEO.

		
	2.
	Services:  Advisor will render to the Company the following Services, as requested:

a) Serve as the internal leader of the organization’s research and development, innovation and product commercialization, and patent strategy.

		
	3.
	Term: Commencing on February 1, 2016 for a three-year period.  One-year check-in upon anniversary of agreement to review logistics of contract and renew given remote nature of role.

		
	4.
	Commitment: Company and Advisor agree that Advisor shall provide 60% of his professional time to business with the understanding that this percent allocation may be adjusted, along with compensation,  based on mutual agreement between parties (Company and Advisor).

		
	5.
	Compensation:  For Services rendered by Advisor under this Agreement, the Company shall pay Advisor as follows: $25,000 per month, payable monthly (net 30 days). Company shall further provide stock options according to Option Agreement in Exhibit B.

		
	6.
	Other: Company agrees to pay for Advisor travel and lodging that is required to perform duties under the contract.  Advisor agrees to participate in Company budgeting process and to execute agreed upon budget for R&D program.

EXHIBIT A

Subject to approval by the Company’s Board of Directors, the Company will issue to Advisor a nonstatutory stock option (the “Option”) to purchase 798,848 shares of the Company’s Common Stock. The exercise price per share will be equal to the fair market value per share on the date the Option is granted, as determined by the Company’s Board of Directors in good faith compliance with applicable guidance in order to avoid having the option be treated as deferred compensation under Section 409A of the Internal Revenue Code of 1986, as amended.  There is no guarantee that the Internal Revenue Service will agree with this value.  Advisor should consult with Advisor’s own tax advisor concerning the tax risks associated with accepting an option to purchase the Company’s Common Stock. The shares subject to the Option will vest at the rate of 1/36th of the total number of shares on the first monthly anniversary of the date February 1, 2016 and 1/36th of the total number of shares each month thereafter, subject to Advisor’s continued service to the Company through each vesting date; provided, however, that if your continued service is terminated by the Company without Cause (as defined in the 2011 Equity Incentive Plan, the "Plan") upon the consummation of, or within 12 months following, a Corporate Transaction (as defined in the Plan), then 50% of the then unvested shares subject to the Option will immediately vest and become exercisable upon the date of such termination.

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Amended EXHIBIT A

		
	1.
	Contact:

		
	•
	Advisor’s principal Company contact: Ethan Brown, CEO. 

2.    Services:

Advisor will render to the Company the following Services, as requested: 

		
	•
	Participate in Bi-Quarterly Program Reviews  

Advisor to meet with Ethan Brown and R&D leadership to review goals and  progress toward them.  

		
	•
	Provide Technical Expertise 

Advisor to be available to Ethan Brown and members of the R&D and production team to advise on a broad range of technical questions and discussion, including on extrusion, IP and innovation approaches. 

		
	•
	Provide Long-term Vision  

Advisor to serve as technical expert on long-term opportunities in the areas of protein feedstock, protein separation, and conversion approaches.  In this role, Advisor will:  

		
	i.
	Work with Seth Goldman to identify and evaluate potential North American feedstocks to help minimize and/or eliminate longer term dependency on non US Pea as protein source for major BYMT product categories. 

		
	ii.
	Work with Seth Goldman and Ethan Brown to evaluate and champion  separation approaches that can cost-effectively handle a breadth of non-Pea but protein rich feedstocks (on the one hand this can be done by partnering with ingredient companies, on the other it could be more fundamental and working w/universities, for example, to create new IP around separation capabilities that Company could ultimately own, or some combination of both). Parties recognize that partnering with any third party may require a BYMT point of contact to resource and operationalize collaboration (i.e. material testing, extrusion, sensory etc.).  

		
	•
	Support operations on continuous production approaches (i.e. continuous multistage 

mixing) and other novel conversion platforms.   

3.    Communication  

		
	•
	Weekly 1-hour one-one call with Ethan Brown to cover broad range of technical topics  

		
	•
	Participate in periodic program reviews with Research and Development leads as scheduled by Company 

		
	•
	Board meetings attendance, in person as often as possible  

4.    Term:

		
	•
	From December 1, 2016 through Feb. 26, 2019. Check-in upon anniversary of agreement to review logistics of contract and renew given remote nature of role. 

5.    Commitment:

		
	•
	Company and Advisor agree that Advisor shall provide 5-6 days per month of his professional time to Company’s business with the understanding that this allocation may be adjusted, along with compensation, based on mutual agreement between parties (Company and Advisor). 

6.    Compensation:

		
	•
	For Services rendered by Advisor under this Agreement, the Company shall pay Advisor as follows: $10,000 per month, payable monthly (net 30 days).

		
	•
	Company shall continue to provide stock options according to original Option Agreement between the parties from Feb. 26, 2016 (see Exhibit B). 

	
		
	SAVAGE RIVER, INC

	By
	/s/ Ethan Brown

	Name: Ethan Brown

	Title: CEO

	Date:
	9/5/2017

	 
	 

	 
	 

	 
	 

	 

	FOOD SYSTEM STRATEGIES, LLC

	By
	/s/ Bernhard Van Lengerich

	Name: Bernhard Van Lengerich

	Title: Founder & CEO

	Date:
	9/5/2017Exhibit

Exhibit 10.19

SAVAGE RIVER, INC.
AMENDED & RESTATED
CONSULTING AGREEMENT
This Amended & Restated Consulting Agreement (the “Agreement”) is made as of November 15, 2018 by and between Savage River, Inc., a Delaware corporation (the “Company”), and Seth Goldman (“Consultant”).
1.    Consulting Relationship.  During the term of this Agreement, Consultant will provide consulting services to the Company as described on Exhibit A hereto (the “Services”).  Consultant shall use Consultant’s best efforts to perform the Services such that the results are satisfactory to the Company.
2.    Fees.  As consideration for the Services to be provided by Consultant and other obligations, the Company shall pay to Consultant the amounts specified in Exhibit B hereto at the times specified therein.
3.    Expenses.  As a condition to receipt of reimbursement, Consultant shall be required to submit to the Company reasonable evidence that the amount involved was both reasonable and necessary to the Services provided under this Agreement.
4.    Term and Termination.  Consultant shall serve as a consultant to the Company for a period commencing on 3/2/2016.
Notwithstanding the above, either party may terminate this Agreement at any time upon 120 business days’ written notice.  In the event of such termination, Consultant shall be paid for any portion of the Services that have been performed prior to the termination.
Should either party default in the performance of this Agreement or materially breach any of its obligations under this Agreement, including but not limited to Consultant’s obligations under the Confidential Information and Invention Assignment Agreement between the Company and Consultant referenced below, the non-breaching party may terminate this Agreement immediately if the breaching party fails to cure the breach within 30 business days after having received written notice by the non-breaching party of the breach or default.
5.    Independent Contractor.  Consultant’s relationship with the Company will be that of an independent contractor and not that of an employee.
6.    Method of Provision of Services.  Consultant shall be solely responsible for determining the method, details and means of performing the Services.
(a)    No Authority to Bind Company.  Consultant acknowledges and agrees that Consultant and its assistants have no authority in Consultant’s capacity as a consultant to the Company to enter into contracts that bind the Company or create obligations on the part of the Company without the prior written authorization of the Company.

(b)    No Benefits.  Consultant acknowledges and agrees that Consultant shall not be eligible for any Company employee benefits and, to the extent Consultant otherwise would be eligible for any Company employee benefits but for the express terms of this Agreement, Consultant (on behalf of itself and its assistants) hereby expressly declines to participate in such Company employee benefits.
(c)    Taxes; Indemnification.  Consultant shall have full responsibility for applicable taxes for all compensation paid to Consultant under this Agreement, including any withholding requirements that apply to any such taxes, and for compliance with all applicable labor and employment requirements with respect to Consultant’s self-employment, sole proprietorship or other form of business organization, and with respect to the assistants, including state worker’s compensation insurance coverage requirements and any U.S. immigration visa requirements.  Consultant agrees to indemnify, defend and hold the Company harmless from any liability for, or assessment of, any claims or penalties or interest with respect to such taxes, labor or employment requirements, including any liability for, or assessment of, taxes imposed on the Company by the relevant taxing authorities with respect to any compensation paid to Consultant or its assistants or any liability related to the withholding of such taxes.
7.    Supervision of Consultant’s Services.  All of the services to be performed by Consultant, including but not limited to the Services, will be as agreed between Consultant and the Lead Independent Director of the Company’s Board of Directors.
8.    Consulting or Other Services for Competitors.  Consultant represents and warrants that Consultant does not presently perform or intend to perform, during the term of the Agreement, consulting or other services for, or engage in or intend to engage in an employment relationship with, companies who businesses or proposed businesses in any way involve products or services which would be competitive with the Company’s products or services, or those products or services proposed or in development by the Company during the term of the Agreement (except for those companies, if any, listed on Exhibit D hereto).  If, however, Consultant decides to do so, Consultant agrees that, in advance of accepting such work, Consultant will promptly notify the Company in writing, specifying the organization with which Consultant proposes to consult, provide services, or become employed by and to provide information sufficient to allow the Company to determine if such work would conflict with the terms of this Agreement, including the terms of the Confidentiality Agreement, the interests of the Company or further services which the Company might request of Consultant.  If the Company determines that such work conflicts with the terms of this Agreement, the Company reserves the right to terminate this Agreement immediately.  In no event shall any of the Services be performed for the Company at the facilities of a third party or using the resources of a third party.
9.    Confidentiality Agreement.  Consultant shall sign, or has signed, a Confidentiality Agreement, on or before the date Consultant begins providing the Services.
10.    Conflicts with this Agreement.  Consultant represents and warrants that neither Consultant nor any of the assistants is under any pre-existing obligation in conflict or in any way 

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inconsistent with the provisions of this Agreement.  Consultant represents and warrants that Consultant’s performance of all the terms of this Agreement will not breach any agreement to keep in confidence proprietary information acquired by Consultant in confidence or in trust prior to commencement of this Agreement.  Consultant warrants that Consultant has the right to disclose and/or or use all ideas, processes, techniques and other information, if any, which Consultant has gained from third parties, and which Consultant discloses to the Company or uses in the course of performance of this Agreement, without liability to such third parties.  Notwithstanding the foregoing, Consultant agrees that Consultant shall not bundle with or incorporate into any deliveries provided to the Company herewith any third-party products, ideas, processes, or other techniques, without the express, written prior approval of the Company.  Consultant represents and warrants that Consultant has not granted and will not grant any rights or licenses to any intellectual property or technology that would conflict with Consultant’s obligations under this Agreement.  Consultant will not knowingly infringe upon any copyright, patent, trade secret or other property right of any former client, employer or third party in the performance of the Services.
11.    Miscellaneous.
(a)    Amendments and Waivers.  Any term of this Agreement may be amended or waived only with the written consent of the Company.
(b)    Sole Agreement.  This Agreement, including the Exhibits hereto, constitutes the sole agreement of the parties and supersedes all oral negotiations and prior writings with respect to the subject matter hereof.
(c)    Notices.  Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon delivery, when delivered personally or by overnight courier or sent by email or fax (upon customary confirmation of receipt), or forty-eight (48) hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, addressed to the party to be notified at such party’s address or fax number as set forth on the signature page or as subsequently modified by written notice.
(d)    Choice of Law.  The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of State of California, without giving effect to the principles of conflict of laws.
(e)    Severability.  If one or more provisions of this Agreement are held to be unenforceable under applicable law, the parties agree to renegotiate such provision in good faith.  In the event that the parties cannot reach a mutually agreeable and enforceable replacement for such provision, then (i) such provision shall be excluded from this Agreement, (ii) the balance of the Agreement shall be interpreted as if such provision were so excluded and (iii) the balance of the Agreement shall be enforceable in accordance with its terms.
(f)    Counterparts.  This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute one and the same instrument.

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(g)    Advice of Counsel.  EACH PARTY ACKNOWLEDGES THAT, IN EXECUTING THIS AGREEMENT, SUCH PARTY HAS HAD THE OPPORTUNITY TO SEEK THE ADVICE OF INDEPENDENT LEGAL COUNSEL AND HAS READ AND UNDERSTOOD ALL OF THE TERMS AND PROVISIONS OF THIS AGREEMENT.  THIS AGREEMENT SHALL NOT BE CONSTRUED AGAINST ANY PARTY BY REASON OF THE DRAFTING OR PREPARATION HEREOF.
[Signature Page Follows]

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The parties have executed this Agreement as of the date first written above.
	
		
	THE COMPANY:

	 

	SAVAGE RIVER INC.

	 
	 

	By:
	/s/ Ethan Brown

	 
	(Signature)

	 
	 

	Name:
	Ethan Brown

	Title:
	CEO

	 
	 

	CONSULTANT:

	 

	SETH GOLDMAN

	/s/ Seth Goldman

	(Signature)

	 
	 

	Address:
	 

	 
	 

	 
	 

	Fax:
	 

	 
	 

	email:
	 

	 
	 

	 
	 

SIGNATURE PAGE TO CONSULTING AGREEMENT

EXHIBIT A
DESCRIPTION OF CONSULTING SERVICES
		
	1.
	Support expansion of gross revenue, gross margin, operating income

		
	2.
	Support financing of expansion capital

		
	3.
	Support development of robust company culture

		
	4.
	Support development of a vibrant brand

EXHIBIT B
COMPENSATION
Check applicable payment terms:
	
		
	[X]
	For Services rendered by Consultant under this Agreement, the Company shall pay Consultant at the rate of USD $16,877.00 per month, payable the first business day of the following month.

	 
	 

	[ ]
	Consultant shall be paid $____________ upon the execution of this Agreement and $____________ upon completion of the Services specified on Exhibit A to this Agreement.

	 
	 

	[ ]
	The Company will recommend that the Board grant a non-qualified option to purchase ______ shares of the Company’s Common Stock, at an exercise price equal to the fair market value (as determined by the Company’s Board of Directors) on the date of grant, and which will vest and become exercisable as follows:

	 
	 

	[ ]
	Consultant is authorized to incur the following expenses:

	 
	 

	[X]
	Other: On the date of each annual meeting of the Company’s stockholders after which Consultant’s non-employee service on the Company’s Board of Directors will continue, Consultant shall be granted restricted stock units under the Company’s 2018 Equity Incentive Plan covering shares of the Company’s Common Stock having a grant date value of $105,000 (each, an “Annual RSU”).  The value of each Annual RSU will equal the number of shares subject to the Annual RSU multiplied by the average closing price of a share on the stock exchange or a national market system on which the shares are listed over the 30 trading days preceding the grant date, with the shares subject to the Annual RSU rounded down to the nearest whole share.  Each Annual RSU shall vest in equal monthly installments over the 12-month period following the grant date, subject to Consultant’s continued service as a member of the Company’s Board of Directors through each such vesting date, provided each outstanding Annual RSU shall vest in full immediately prior to, and contingent upon, the consummation of a Change in Control (as defined in the Company’s 2018 Equity Incentive Plan).  Each Annual RSU shall otherwise be subject to the terms and conditions applicable to awards granted under the Company’s 2018 Equity Incentive Plan and Plan and the Company’s standard form of restricted stock unit award agreement.

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