Document:

Exhibit

Exhibit 10.18

Savage River, Inc.
May 5, 2017
Charles Muth
10105 Bracken Drive
Ellicott City, MD 21042
Dear Chuck:
Savage River, Inc., a Delaware corporation (the “Company”), is pleased to offer you employment with the Company on the terms described below.
1.Position.  You will start in a full-time, exempt position as Chief Growth Officer and you will report to the Company’s Chief Executive Officer, Ethan Brown.  By signing this letter, you confirm with the Company that you are under no contractual or other legal obligations that would prohibit you from performing your duties with the Company.
2.TriNet HR Corporation.  The Company’s benefits, payroll, and other human resource management services are provided through TriNet HR Corporation, a professional employer organization. As a result of the Savage River, Inc. arrangement with TriNet, TriNet will be considered your employer of record for these purposes and your managers at Savage River, Inc. will be responsible for directing your work, reviewing your performance, setting your schedule, and otherwise directing your work at Savage River, Inc.
3.Compensation and Employee Benefits.  Your annualized base salary will be $285,000 per year, payable on the Company’s regular payroll dates, and your start date will be May 30, 2017.  You will also be part of the Company’s Incentive Plan, which will provide a bonus target level of 50% of your base salary.  Bonuses are discretionary and are based on your individual performance and the performance of the Company.  Your bonus eligibility will begin on May 30, 2017.  As a regular employee of the Company you will be eligible to participate in a number of Company-sponsored benefits, which are described in the employee benefit summary that I have enclosed with this letter.  In addition to Company holidays, you will be entitled to 20 days of Paid Time-Off (PTO).  Lastly, the Company will provide up to $75,000 in moving expenses and a $834/month car allowance.

4.Stock Options.  Subject to the approval of the Company’s Board of Directors, you will be granted an option (“Option”) to purchase 683,781 shares of the Company’s Common Stock. The Option will be subject to the terms and conditions applicable to options granted under the Company’s 2011 Equity Incentive Plan (“Plan”), as described in the Plan and the applicable stock option agreement, which you will be required to sign.  25% of the total number of shares subject to the Option shall vest and become exercisable on the 12-month anniversary of your vesting commencement date and 1/48th of the total number of shares subject to the Option shall vest and become exercisable in monthly installments thereafter during continuous service, as described in the applicable stock option agreement.  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. You should consult with your own tax advisor concerning the tax risks associated with accepting an option to purchase the Company’s Common Stock.
5.Background Check.  Like all Company employees, your employment is subject to a background check.  As a condition of your employment with the Company, you are required to sign the Company’s enclosed background check consent form.
6.Confidential Information and Invention Assignment Agreement.  Like all Company employees, you will be required, as a condition of your employment with the Company, to sign the Company’s enclosed standard Confidential Information and Invention Assignment Agreement.
7.Employment Relationship.  Employment with the Company is for no specific period of time.  Your employment with the Company will be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without cause. Any contrary representations which may have been made to you are superseded by this offer.  This is the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation and benefits, as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and the Company’s Chief Executive Officer.  In the event you are terminated for reasons unrelated to cause, the Company agrees to pay you 6 months salary as a severance payment.
8.Outside Activities.  While you render services to the Company, you agree that you will not engage in any other employment, consulting or other business activity without the written consent of the Company.  In addition, while you render services to the Company, you will not assist any person or entity in competing with the Company, in preparing to compete with the Company or in hiring any employees or consultants of the Company.
9.Withholding Taxes.  All forms of compensation referred to in this letter are subject to applicable withholding and payroll taxes.

10.Entire Agreement.  This letter supersedes and replaces any prior understandings or agreements, whether oral, written or implied, between you and the Company regarding the matters described in this letter.
[Signature Page Follows]

If you wish to accept this offer, please sign and date this and the other documents, as outlined below.  As required, by law, your employment with the Company is also contingent upon your providing legal proof of your identity and authorization to work in the United States. This offer, if not accepted, will expire at the close of business on May 8, 2017. We look forward to having you join us on May 30, 2017.
	
		
	Very truly yours,

	 
	 

	SAVAGE RIVER INC.

	 
	 

	By:
	/s/ Ethan Brown

	 
	Ethan Brown

	 
	Chief Executive Officer

	
		
	ACCEPTED AND AGREED:

	 
	 

	Charles Muth

	/s/ Charles Muth

	(Signature)

	 
	 

	5/5/2017

	Date

	 
	 

	Anticipated Start Date:
	 

Attachments:
		
	1.
	To be completed, signed (where applicable) and returned, along with this offer letter, (a) via email to your hiring manager and lohagan@beyondmeat.com as soon as possible; and (b) by hand on your first day or by mail to Laura O’Hagan (Beyond Meat, 1325 El Segundo Blvd, El Segundo, CA, 90245):

		
	a)
	Confidential Information and Invention Assignment Agreement 

		
	b)
	Background consent form

		
	c)
	Application for Employment

		
	d)
	New employee personal information form

		
	e)
	I-9 form(s) of identification – please include a scanned PDF of your identification form(s)

		
	2.
	Background information

		
	a)
	Benefits Overview 2015-2016

		
	b)
	Benefits at a glance – 2015-2016

		
	c)
	Benefits – Semi Monthly Costs – Salaried Employee 2011 Equity Incentive Plan

		
	d)
	Travel & Expense Reimbursement PolicyExhibit

Exhibit 4.2

AMENDED AND RESTATED DISTRIBUTION REINVESTMENT PLAN
OF
TERRA INCOME FUND 6, INC.
Terra Income Fund 6, Inc., a Maryland corporation (the “Company”), hereby adopts the following plan (the “Plan”) with respect to distributions declared by its board of directors (the “Board”) on its shares of common stock, $0.001 par value (“Shares”):
1.    Each stockholder of record may enroll in the Plan by providing the Plan Administrator (as defined below) with written notice, except that a stockholder may only participate in the Plan, and sales to a stockholder under the Plan may only occur, if the Company maintains its registration, or an exemption from registration is available, in the stockholder’s state of residence. To enroll in the Plan, such stockholder shall notify DST Systems, Inc., the Plan administrator and the Company’s transfer agent and registrar (or such other successor Plan administrator as may be appointed by the Company) (the “Plan Administrator”), in writing so that such notice is received by the Plan Administrator no later than the record date fixed by the Board for the distribution involved. If a stockholder elects to enroll in the Plan, all distributions thereafter declared by the Board shall be payable in Shares as provided herein, and no action shall be required on such stockholder’s part to receive a distribution in Shares. If a stockholder wishes to receive its distributions in cash, no action is required.
2.    Subject to the Board’s discretion and applicable legal restrictions, the Company intends to authorize and declare ordinary cash distributions on either a semi-monthly or monthly basis or on such other date or dates as may be fixed from time to time by the Board to stockholders of record as of the close of business on the record date for the distribution involved.
3.    The Company shall use newly-issued Shares to implement the Plan. The number of newly-issued Shares to be issued to a stockholder shall be determined by dividing the total dollar amount of the distribution payable to such stockholder by a price equal to the Company’s most recently disclosed net asset value per Share immediately prior to the distribution payment date. No commissions or fees will be assessed on Shares issued to a stockholder under the Plan. The Company shall pay the Plan Administrator’s fees under the Plan.
4.    The Plan Administrator will set up an account for Shares acquired pursuant to the Plan for each stockholder who has elected to enroll in the Plan (each, a “Participant”). The Plan Administrator may hold each Participant’s Shares, together with the Shares of other Participants, in non-certificated form in the Plan Administrator’s name or that of its nominee. If a Participant’s Shares are held by a broker or other financial intermediary, the Participant may “opt in” to the Plan by notifying its broker or other financial intermediary of its election.
5.    The Plan Administrator will confirm to each Participant each acquisition made pursuant to the Plan as soon as practicable but not later than ten business days after the date thereof. Distributions on fractional Shares will be credited to each Participant’s account. In the event of termination of a Participant’s account under the Plan, the Plan Administrator will adjust for any such undivided fractional interest in cash at the current offering price of the Shares in effect at the time of termination.
6.    Shares issued pursuant to the Plan will have the same voting rights as Shares issued pursuant to the Company’s public offering. The Plan Administrator will forward to each Participant any Company-related proxy solicitation materials and each Company report or other communication to stockholders, and will vote any Shares held by it under the Plan in accordance with the instructions set forth on proxies returned by Participants to the Company.
7.    In the event that the Company makes available to its stockholders rights to purchase additional Shares or other securities, Shares held by the Plan Administrator for each Participant under the Plan will be used in calculating the number of rights to be issued to the Participant. Transaction processing may either be curtailed or suspended until the completion of any stock dividend, stock split or corporate action.
8.    The Plan Administrator’s service fee, if any, and expenses for administering the Plan will be paid for by the Company. Except as otherwise described herein, there will be no brokerage charges or other charges to stockholders who participate in the Plan.
9.    Each Participant may terminate his, her or its account under the Plan by filling out the transaction request form located at the bottom of the Participant’s Plan statement and sending it to the Plan Administrator at Terra Income Fund 6, Inc., P.O. Box 219095, Kansas City, Missouri 64121-9095, or by calling the Plan Administrator’s Interactive Voice Response System at 

(877) 628-8575. Such termination will be effective immediately if the Participant’s notice is received by the Plan Administrator at least two days prior to any distribution record date; otherwise, such termination will be effective only with respect to any subsequent distribution. The Plan may be terminated by the Company upon notice in writing mailed to each Participant at least 30 days prior to any record date for the payment of any distribution by the Company. Upon termination, the Plan Administrator will credit the Participant’s account for the full Shares held for the Participant under the Plan and a cash adjustment for any fractional Shares to be delivered to the Participant without charge to the Participant. If a Participant elects by his, her or its written notice to the Plan Administrator in advance of termination to have the Plan Administrator sell part or all of his, her or its Shares and remit the proceeds to the Participant, the Plan Administrator is authorized to deduct a $15 transaction fee plus a $0.10 per share brokerage commission from the proceeds.
10.    These terms and conditions may be amended or supplemented by the Company at any time but, except when necessary or appropriate to comply with applicable law or the rules or policies of the Securities and Exchange Commission or any other regulatory authority, only by mailing to each Participant appropriate written notice at least 30 days prior to the effective date thereof. The amendment or supplement shall be deemed to be accepted by each Participant unless, prior to the effective date thereof, the Plan Administrator receives written notice of the termination of his, her or its account under the Plan. Any such amendment may include an appointment by the Plan Administrator in its place and stead of a successor agent under these terms and conditions, with full power and authority to perform all or any of the acts to be performed by the Plan Administrator under these terms and conditions. Upon any such appointment of any agent for the purpose of receiving dividends and distributions, the Company will be authorized to pay to such successor agent, for each Participant’s account, all dividends and distributions payable on Shares held in the Participant’s name or under the Plan for retention or application by such successor agent as provided in these terms and conditions.
11.    The Plan Administrator will at all times act in good faith and use its best efforts within reasonable limits to ensure its full and timely performance of all services to be performed by it under the Plan and to comply with applicable law, but assumes no responsibility and shall not be liable for loss or damage due to errors, unless such error is caused by the Plan Administrator’s negligence, bad faith or willful misconduct or that of its employees or agents.
12.    These terms and conditions shall be governed by the laws of the State of Maryland.
September 8, 2018

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