Muscle Maker forms Sadot LLC for agri-commodity trading; Aggia to earn shares up to 50% of outstanding

Sadot Group Inc.

Formed wholly owned Sadot LLC for wholesale food commodity trading; engaged Aggia on pay-for-performance basis.
Aggia earns GRIL shares at $1.5625 per share if Sadot generates net income; up to 14,424,275 shares (49.999% of outstanding) or $22.5M net income.
Aggia can nominate up to 8 directors once Sadot reaches $3.3M, $6.6M, and $9.9M net income milestones.
Transaction requires shareholder approval for share issuance >19.99% and increase authorized shares to 150M.
New executive employment agreements for CEO ($350K), CFO ($190K), CIO ($200K), COO ($275K), CMO ($175K) with performance bonuses.

item 1.01 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Petel

Director

SDOT · Sadot Group Inc.

Filed: November 18, 2022, 6:59 PM ET

Mr. Petel will be appointed to the Board of the Company. Mr. Petel has been appointed as the Company’s managing member representative for Sadot.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Petel was appointed as Director at Sadot Group Inc..

Action: appointed
Role: Director

Exact text from the filing

Mr. Petel will be appointed to the Board of the Company. Mr. Petel has been appointed as the Company’s managing member representative for Sadot.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sadot Group Inc. entered into "Services Agreement" with Aggia LLC FC (effective 2022-11-14).

Action: entry
Agreement: asset purchase
Counterparty: Aggia LLC FC
Effective: 2022-11-14

Exact text from the filing

On November 14, 2022 (the “Effective Date”), the Company, Sadot and Aggia LLC FC, a company formed under the laws of United Arab Emirates (“Aggia”) entered into a Services Agreement (the “Services Agreement”) whereby Sadot engaged Aggia to provide certain advisory services to Sadot for creating, acquiring and managing Sadot’s business of wholesaling food and engaging in the purchase and sale of physical food commodities.

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300 material agreements filed in the last 30 days. Browse all material agreements →

Sadot Group Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-032828

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