[LETTERHEAD OF FLEET CAPITAL]
April 16, 2002
United Natural Foods, Inc.
000 Xxxx Xxxx
Xxxxxxxx, XX 00000
Attention: Xxxx Xxxxxxxxx, Chief Financial Officer
RE: First Amendment to Loan and Security Agreement
Dear Xxxx:
Reference is made to the Loan and Security Agreement dated as of August 31, 2001
(the "Loan Agreement") among United Natural Foods, Inc. ("UNF"), Mountain
People's Warehouse Incorporated ("MPW"), Nutrasource, Inc. ("Nutrasource"),
Rainbow Natural Foods, Inc. ("Rainbow"), Stow Xxxxx, Inc. ("SMI"), United
Natural Foods Pennsylvania, Inc. ("UNFPA") and together with UNF, MPW,
Nutrasource, Rainbow and SMI, the "Borrowers") each of the Lenders identified
under the caption "Lenders" on the signature pages thereto and Fleet Capital
Corporation as administrative and collateral agent for the Lenders (the
"Agent"), Citizens Bank of Massachusetts (the "Syndication Agent"), U.S. Bank
National Association (the "Documentation Agent") and Fleet Securities, Inc. (the
"Arranger"). Capitalized terms not defined herein shall have the meanings
ascribed thereto in the Loan Agreement.
The Loan Agreement is hereby amended as follows:
The definition of the term "Capital Expenditures" is hereby amended to exclude
therefrom the purchase by Borrowers during the fiscal quarter ending January 31,
2002 of the building located at 000 Xxxxxxxx Xxxxx, Xxxxxxxx Xx. 000, Xxxxxxx,
Xxxxxxx.
Except as expressly set forth herein, the Loan Agreements shall remain in full
force and effect in accordance with its terms.
FLEET CAPITAL CORPORATION
By: /s/ Xxx X. Xxxxxx
-----------------------------------
Xxx X. Xxxxxx
Its Senior Vice President
UNITED NATURAL FOODS, INC.
By: /s/ Xxxx Xxxxxxxxx
--------------------------------------------
Name: Xxxx Xxxxxxxxx
Title: CFO
MOUNTAIN PEOPLE'S WAREHOUSE INCORPORATED
By: /s/ Xxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Treasurer
NUTRASOURCE, INC.
By: /s/ Xxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Vice President & Secretary
RAINBOW NATURAL FOODS, INC.
By: /s/ Xxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Vice President, Secretary & Treasurer
STOW XXXXX, INC.
By: /s/ Xxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Vice President & Secretary
UNITED NATURAL FOODS OF PENNSYLVANIA, INC.
By: /s/ Xxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxx X. Xxxxxx
Title: Secretary & Treasurer
-2-
FLEET CAPITAL CORPORATION
as Administrative Agent
By: /s/ Xxx X. Xxxxxx
--------------------------------------------
Name: Xxx X. Xxxxxx
Title: SVP
FLEET CAPITAL CORPORATION, as a Lender
By: /s/ Xxx X. Xxxxxx
--------------------------------------------
Name: Xxx X. Xxxxxx
Title: SVP
CITIZENS BANK OF MASSACHUSETTS,
as Syndication Agent
By: /s/ Xxxx X. Xxxxxxxx
--------------------------------------------
Name: Xxxx X. Xxxxxxxx
Title: V.P.
CITIZENS BANK OF MASSACHUSETTS, as a Lender
By: /s/ Xxxx X. Xxxxxxxx
--------------------------------------------
Name: Xxxx X. Xxxxxxxx
Title: V.P.
U.S. BANK NATIONAL ASSOCIATION,
as Documentation Agent
By: /s/ Xxxx X. Xxxx
--------------------------------------------
Name: Xxxx X. Xxxx
Title: VP
U.S. BANK NATIONAL ASSOCIATION, as a Lender
By: /s/ Xxxx X. Xxxx
--------------------------------------------
Name: Xxxx X. Xxxx
Title: VP
-3-
PNC BANK, NATIONAL ASSOCIATION, a Lender
By: /s/ Xxxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Assistant Vice President
NATIONAL CITY BANK, a Lender
By: /s/ Xxxx X. Xxxxxxxxxx
--------------------------------------------
Name: Xxxx X. Xxxxxxxxxx
Title: SVP
FIRST PIONEER FARM CREDIT, ACA, a Lender
By:
Name:
Title:
ISRAEL, DISCOUNT BANK
OF NEW YORK, a Lender
By:
Name:
Title:
XXXXXXX BANK, a Lender
By:
Name:
Title:
FLEET SECURITIES, INC., as Arranger
By:
Name:
Title:
SOVEREIGN BANK, a Lender
By: /s/ Xxxxxxxxxxx X. Xxxxxx
--------------------------------------------
Name: Xxxxxxxxxxx X. Xxxxxx
Title: Senior Vice President
