Modern Meat Inc. (‘Modern Meat’) or (the ‘Company’) announced that it has signed a definitive co-packing agreement with Viveri Pty Ltd. (formerly known as SPQR Holdings Pty. Ltd.) (‘Viveri’), to launch its portfolio of 100% plant-based meat alternative products. Viveri is a facility of approximately 21,000 square feet with a full production staff. Viveri will onboard Modern Meat into its production facility and commence distribution to its vast network of retailers and national grocers. As Modern Meat's sales grow, Viveri may decide to retrofit its existing facility to accommodate production needs. Currently, the facility is certified with an HACCP (Hazard Analysis Critical Control Point) and in-house quality control and quality assurance specialist to confirm product consistency. Both companies have finished their due diligence process and will move to product testing and production logistics. Under the agreement, the set-up phase will be completed prior to January 31, 2021. Initial production and distribution of products is expected commence in the second quarter of 2021.