SETTLEMENT RECEIPT

12 Months Ended

Dec. 28, 2019

SETTLEMENT RECEIPT

SETTLEMENT RECEIPT

17. SETTLEMENT RECEIPT

As previously disclosed, on January 15, 2019, the Company reached an amicable resolution to a business dispute by way of a settlement agreement. Pursuant to the settlement agreement, the Company received $15,000,000. The other party and the Company further agreed to set up a joint escrow account to support certain conditions in the agreement. The Company’s contribution to the escrow account was $218,000. The Settlement Agreement does not contain any admission of liability, wrongdoing, or responsibility by any of the parties.