Item 8.01 Other Events.

On July 29, 2020, NaturalShrimp Incorporated (the "Company") issued a press release announcing that it has signed a letter of intent (the "LOI") to acquire the assets of F&T Water Solutions LLC in Largo, Florida ("F&T"). The LOI contained an exclusivity provision through September 15, 2020. On October 2, 2020, the Company and F&T executed an extension of exclusivity agreement to the LOI to extend the closing and exclusivity period to October 31, 2020.

On January 8, 2021, the Company and F&T executed a second extension to the closing of the LOI to February 15, 2021, including an extension of exclusivity to be concurrent with the expected closing.

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