Seafarms Group Limited announced that it has signed an extensive offtake and marketing agreement with Primstar B.V. for the export and marketing of premium prawn products into Europe from Project Sea Dragon. The agreement will come into effect when PSD becomes operational. Seafarms continues to progress PSD's development, funding and construction plans as it moves to implement the project at the earliest opportunity. The Primstar offtake agreement is a comprehensive agreement setting out arrangements for the supply, sale and marketing or prawn products from PSD when operational. The key terms of the agreement include: Primstar will market black tiger prawns from PSD in European markets with the objective of building a high value, high quality and premium jointly branded product into these markets. Primstar has the right and obligation to take approximately 15% of the total annual production of the initial stage of PSD at market based prices. Volumes can be extended by agreement. The agreement has a minimum term of 5 years after commencement of PSD and may be extended for a further 5 years by agreement.