SEC Contract Filing

Filing Date: 2023-08-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.24
<SEQUENCE>3
<FILENAME>ex1024fonterramastersupply.htm
<DESCRIPTION>FONTERRA MSA
<TEXT>
<html><head>
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<title>Document</title></head><body><div id="iac25a075c9df4d359d6fc9090c0ecef7_1"></div><div style="min-height:72pt;width:100%"><div style="text-align:justify"><font><br></font></div></div><div style="text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:139%">EXHIBIT 10.24</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:162%">CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED WITH &#8220;&#91;***&#93;&#8221;, HAS BEEN EXCLUDED BECAUSE IT IS NOT MATERIAL AND WOULD BE COMPETITIVELY HARMFUL IF PUBLICLY DISCLOSED.</font></div><div style="text-align:center"><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:700;line-height:140%">AMENDED AND RESTATED MASTER SUPPLY AGREEMENT </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%">THIS AMENDED AND RESTATED MASTER SUPPLY AGREEMENT</font><font style="color:#ff0000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%">(&#8220;Agreement&#8221;) is made as of the 1</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">st</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> day of July 2023 (&#8220;Effective Date&#8221;) by and between Premier Nutrition Company, LLC, a Delaware limited liability company with its headquarters located at 1222 67</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:6.5pt;font-weight:400;line-height:140%;position:relative;top:-3.5pt;vertical-align:baseline">th</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> Street, Suite 210, Emeryville, CA 94608 (&#8220;Buyer&#8221; or &#8220;PNC&#8221;), and Fonterra (USA) Inc., a California corporation with its principal place of business located at 8700 W. Bryn Mawr Avenue, Suite 500N, Chicago, IL 60631 (&#8220;Supplier&#8221; or &#8220;Fonterra&#8221;) (each a &#8220;Party&#8221;, collectively &#8220;Parties&#8221;).</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%">WHEREAS PNC produces, distributes, markets and sells products including ready to drink protein shakes and beverages, powdered protein shakes, nutrition bars, and dietary supplements (the &#8220;Finished Products&#8221;)&#59; and </font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%">WHEREAS Supplier produces raw materials including protein powders used by PNC to produce at least some of the Finished Products&#59; and</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%">WHEREAS PNC and Supplier entered into that certain Master Supply Agreement with an Effective Date of October 31, 2019 (the &#8220;Original Agreement&#8221;)&#59; and</font></div><div style="text-align:justify;text-indent:36pt"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%">WHEREAS this Agreement amends, restates, and replaces the Original Agreement, which is hereby null and void and of no further force or effect.</font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify;text-indent:36pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%">NOW THEREFORE in consideration of their respective rights and obligations as set forth in this Agreement, and for other good and valuable consideration, the adequacy and receipt of which are acknowledged, PNC and Supplier agree as follows&#58; </font></div><div style="text-align:justify"><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%">1&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%;text-decoration:underline">Supply of Ingredients</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:140%"> </font></div><div style="text-align:justify"><font><br></font></div><div style="padding-left:72pt;text-align:justify;text-indent:-36pt"><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:127%">1.1</font><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:127%">&#160;&#160;&#160;&#160;</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:10pt;font-weight:400;line-height:127%">Supplier will provide