Contract - Sovos Brands Intermediate, Inc - 11/17/2022 t
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117 71
AGREEMENT TO TERMINATE
ECONOMIC DEVELOPMENT PROGRAM AGREEMENT
This Agreement to Terminate Economic Development Agreement("this Agreement") is entered into this
day of ' „, X722, by andbetween the ROUND ROCK TRANSPORTATION AND
ECONOMIC DEVELOPMENT CORPORATION, a Type B Corporation pursuant to Chapter 505 of the Texas
Local Government Code ("TEDCO"), and SOVOS BRANDS INTERMEDIATE, INC. (""SOVOS""), a Delaware
corporation, The foregoing are referred to collectively as the"Parties."
WHEREAS, on the 51" day of December, 2019, the Parties entered into that one certain Economic
Development Agreement(the"Development Agreement");and
WHEREAS,the Parties now wish to terminate the Development Agreement,
J NOW THEREFORE, in consideration of the mutual covenants and agreements herein contained, the
sufficiency of which are hereby conclusively acknowledged, and subject to the terms and conditions
y hereinafter set forth,the Parties mutually agree as follows;
ARTICLE I
TERMINATION OF PROGRAM AGREEMENT
i
1.01 The Parties agree that the Program Agreement is hereby terminated.
ARTICLE 11
MUTUAL RELEASE
2..01 fhe Parties release and forever discharge the other party to the Development Agreement from
all claims,demands, damages,actions, causes of action, or suits in equity,of any kind or nature, accruing
� before or after the date of this Agreement and whether known or unknown on this date,for or because
' of any matter or thing done, omitted or suffered to be done or omitted in any way directly or indirectly
arising out of the Development Agreement.
ROUND ROCK TRANSPORTATION AND ECONOMIC
DEVELOPMENT CORPORATION
A
By:
Cr g Morg ,President
APPR VE AS TO FORM:
Stephan Sheets, Attorney
SOVOS BRANDS INTERMEDIATE,INC.
By:
its
Termination agreement;09,21.22 4876-4752-9521 v.1 SOVOS
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