0001193125-20-236395 Sample Contracts

FORM OF EMPLOYMENT AGREEMENT
Employment Agreement • August 31st, 2020 • Laird Superfood, Inc. • Food and kindred products • Oregon

THIS EMPLOYMENT AGREEMENT (“Agreement”) is effective as of the Effective Date (defined below), by and between Valerie Ells (the “Executive”) and Laird Superfood, Inc., a Delaware corporation (the “Company”).

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COMMERCIAL PLEDGE AGREEMENT
Commercial Pledge Agreement • August 31st, 2020 • Laird Superfood, Inc. • Food and kindred products • Oregon

THIS COMMERCIAL PLEDGE AGREEMENT dated February 5, 2019, is made and executed between Laird Superfood, Inc. (“Grantor”) and First interstate Bank (“Lender”).

FORM OF EMPLOYMENT AGREEMENT
Employment Agreement • August 31st, 2020 • Laird Superfood, Inc. • Food and kindred products • Oregon

THIS EMPLOYMENT AGREEMENT (“Agreement”) is effective as of the Effective Date (defined below), by and between Luan Pham (the “Executive”) and Laird Superfood, Inc., a Delaware corporation (the “Company”).

LICENSE AND PRESERVATION AGREEMENT
License Agreement • August 31st, 2020 • Laird Superfood, Inc. • Food and kindred products • Delaware

LICENSE AND PRESERVATION AGREEMENT, dated as of May 26, 2020 (the “Agreement”), by and among Laird J. Hamilton, Gabrielle A. Reece (together with Mr. Hamilton, the “Licensors”) and Laird Superfood, Inc. (the “Company”).

LOAN AGREEMENT
Loan Agreement • August 31st, 2020 • Laird Superfood, Inc. • Food and kindred products • Oregon

This Loan Agreement (“Agreement”) is entered into by and between Laird Superfood, Inc., an Oregon corporation with its chief executive offices at 207 N. Fir St., Unit B, Sisters, OR 97759 (“Borrower”), and East Asset Management, LLC, a Delaware limited liability company, with an office at 7777 NW Beacon Square Boulevard, Boca Raton, FL 33487 (“Lender”) effective as of August 10, 2017 (“Effective Date”).

Contract
Warrant Agreement • August 31st, 2020 • Laird Superfood, Inc. • Food and kindred products • Delaware

THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND ARE SUBJECT TO CONTRACTUAL OBLIGATIONS AMONG THE HOLDER AND THE COMPANY AND THE TERMS OF THE COMPANY’S SECOND AMENDED AND RESTATED CERTIFICATE OF INCORPORATION. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT (I) PURSUANT TO THE FOREGOING, AND (II) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER THE SECURITIES ACT.

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