EXHIBIT A FORM OF AMENDED AND RESTATED REVOLVING CREDIT NOTE
Exhibit
10.37
FOURTH
AMENDMENT AGREEMENT (this “Agreement”) dated as of November 27, 2007, by and
among United Natural Foods, Inc., United Natural Foods West, Inc., United
Natural Trading Co., Distribution Holdings, Inc., Springfield Development, LLC,
and Millbrook Distribution Services Inc. (collectively, the “Borrowers”), Bank of
America, N.A. (“Bank of America”) and the other Lenders currently party thereto
(the “Existing
Lenders”), the other lending institutions identified under the caption
“Lenders” on the signature pages hereto, each of which is becoming a Lender on
the date hereof (collectively, the “New Lenders” and,
collectively with the Existing Lenders, collectively, the “Lenders”), and Bank
of America, as administrative agent for the Lenders (in such capacity, the
“Administrative
Agent”).
W
I T N E S S E T H:
WHEREAS,
the Borrowers, the Existing Lenders, the Administrative Agent, and the
Documentation Agent, Syndication Agent and Arranger identified therein entered
into a certain Amended and Restated Loan and Security Agreement dated April 30,
2004, as amended by a First Amendment dated as of December 30, 2004, a Second
Amendment dated as of January 31, 2006 and a Third Amendment dated as of
November 2, 2007 (as amended, the “Loan Agreement”);
and
WHEREAS,
the Borrowers have requested that the Lenders waive certain Events of Default
which exist under the Loan Agreement, increase the aggregate Revolving Credit
Commitments and amend certain other provisions of the Loan Agreement;
and
WHEREAS,
certain of the Existing Lenders are willing to increase their Revolving Credit
Commitments and the New Lenders are willing to become parties to the Loan
Agreement as Lenders thereunder and to make Revolving Credit Commitments, and
the Lenders are willing to waive such Events of Default and agree to the
amendments set forth herein, all on the terms and conditions set forth
herein.
NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto agree as follows:
§1. Definitions. Capitalized
terms used herein without definition that are defined in the Loan Agreement
shall have the meanings given to such terms in the Loan Agreement, as amended
hereby.
§2. Representations
and Warranties; Acknowledgment. The Borrowers
hereby represent and warrant to the Lenders as follows:
(a) Each
of the Borrowers has adequate power to execute and deliver this Agreement and
each other document to which it is a party in connection herewith and to perform
its obligations hereunder or thereunder. This Agreement and each
other document executed in connection herewith have been duly executed and
delivered by each of the Borrowers and do not contravene any law, rule or
regulation applicable to any Borrower or any of the terms of any other
indenture, agreement or undertaking to which
any
Borrower is a party. The obligations contained in this Agreement and
each other document executed in connection herewith to which any of the
Borrowers is a party, taken together with the obligations under the Loan
Documents, constitute the legal, valid and binding obligations enforceable
against any such Borrower in accordance with their respective
terms.
(b) After
giving effect to the transactions contemplated by this Agreement, all the
representations and warranties made by the Borrowers in the Loan Documents are
true and correct on the date hereof as if made on and as of the date hereof and
are so repeated herein as if expressly set forth herein or therein, except to
the extent that any of such representations and warranties expressly relate by
their terms to a prior date.
(c) After
giving effect to the transactions contemplated by this Agreement, no Event of
Default under and as defined in any of the Loan Documents has occurred and is
continuing on the date hereof.
§3. Amendments
to Loan Agreement. The Loan Agreement is hereby
amended as follows:
3.1. Amendments
to Appendix A.
(a) The
following definitions in Appendix A of the Loan Agreement (or, in the case of
the definition of SwingLine Loan Ceiling, the existing definition that was set
forth in Section 3.1.3 but not in Appendix A but which is now being added to
Appendix A hereby) are hereby amended and restated in their entirety to read as
follows:
Borrowing Base - as
at any time of determination thereof, an amount equal to the lesser
of:
(i) $400,000,000;
or
(ii) an
amount equal to:
(a) 90% of the net amount of Eligible
Accounts outstanding at such date provided that dilution with respect to
Eligible Accounts, as determined by Agent, shall be less than five (5%) percent
and, if such dilution, as determined by the Agent, exceeds five (5%) percent,
such advance rate may be decreased by Agent, in its discretion, to 85%;
PLUS
(b) (x)
prior to the Post-Fourth Amendment Inventory Appraisal Date, the lesser of (1)
$150,000,000 or (2) 70% of the value of Eligible Inventory at such date,
calculated on the basis of the lower of cost or market, with the cost of raw
materials and finished goods calculated on a first-in, first-out basis, and (y)
on and after the Post-Fourth Amendment Inventory Appraisal Date, the lesser of
(1) $240,000,000 or (2) the lesser of (A) 85% of the NOLV of the Eligible
Inventory at such date or (B) 70% of the value of Eligible Inventory at such
date, calculated on the basis of
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the lower
of cost or market, with the cost of raw materials and finished goods calculated
on a first-in, first-out basis.
For the
purposes hereof, the net amount of Eligible Accounts at any time shall be the
face amount of such Eligible Accounts less any and all returns, rebates,
discounts (which may, at Agent’s option, be calculated on shortest terms),
credits, allowances or excise taxes of any nature at any time issued, owing,
claimed by Account Debtors, granted, outstanding or payable in connection with
such Accounts at such time.
Maturity Date -
November 27, 2012.
Revolving Credit
Commitment - for each Lender, the obligation of such Lender to make
Revolving Credit Loans and participate in the Swingline Loans and LC Amount in
an aggregate principal amount at any one time outstanding up to but not
exceeding the amount set forth on Schedule 1 hereto, as such
amount may be reduced or increased from time to time pursuant to the terms
hereof, or reduced or increased from time to time by assignments by or to such
Lender pursuant to Sections 4.4.2, 12.10, and 13.3 hereof. The
aggregate amount of the Revolving Credit Commitments of the Lenders on the
Fourth Amendment Effective Date is $400,000,000. If this Agreement is
terminated pursuant to Section 5.2.1 or 5.2.2, the Revolving Credit Commitments
shall thereafter be zero.
Revolving Credit Commitment
Termination Date - November 27, 2012.
SwingLine Loan
Ceiling - at any time, an amount equal to the product of (a) the sum of
the Revolving Credit Commitments at such time multiplied by (b) seven percent
(7%).
(b) The
following new definitions are added in alphabetical order to Appendix A of the
Loan Agreement to read as follows:
Fourth Amendment
Agreement - the Fourth Amendment Agreement dated as of November 27, 2007
among the Borrowers, the Lenders, and the Administrative Agent with respect to
this Loan Agreement.
Fourth Amendment Effective
Date - the date on which all of the conditions precedent set forth in
Section 6 of the Fourth Amendment Agreement have been satisfied (or waived by
the Required Lenders).
LC Sublimit Amount -
at any time, an amount equal to the product of (a) the sum of the Revolving
Credit Commitments at such time multiplied by (b) eight percent
(8%).
Material
Acquisition - any acquisition or investment or series of
acquisitions or investments in respect of which the consideration therefor
exceeds (i) $10,000,000 for any single acquisition or investment and $25,000,000
in the aggregate for all acquisitions and/or investments in any fiscal year of
Borrowers paid in cash and/or incurred Indebtedness by Borrowers, (ii) in cases
in which the consideration paid by Borrowers is shares of UNF common stock,
$25,000,000 in value for all such acquisitions in any fiscal
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year of
Borrowers or (iii) in transactions involving any combination of cash, incurred
Indebtedness and/or UNF common stock, subject to the foregoing limits (subject
in all such cases to the limitations of Section 11.1.12 hereof).
NOLV - as of any
date, the net liquidation value of the Eligible Inventory on such date, as
calculated based on the liquidation values for each category of Inventory set
forth in the Post-Fourth Amendment Inventory Appraisal.
Post-Fourth Amendment
Inventory Appraisal - as of any date after the Fourth
Amendment Effective Date, the most recent appraisal, if any, in form and
substance acceptable to the Administrative Agent, by an appraiser selected by
the Administrative Agent, of the liquidation values of each category of
Inventory of the Borrowers.
Post-Fourth Amendment
Inventory Appraisal Date - the first date after the Fourth Amendment
Effective Date that a Post-Fourth Amendment Inventory Appraisal is delivered to
the Administrative Agent in form and substance acceptable to the Administrative
Agent.
Revolving Credit Increase
Effective Date - as defined in subsection 1.4.4 of the
Agreement.
$16,000,000 Availability
Proviso - as defined in subsection 7.2.5 of the
Agreement.
Transfer Notice - as
defined in subsection
7.2.5 of the Agreement.
3.2. Amendment
to Section 1.2
Section
1.2 of the Loan Agreement is hereby amended by deleting “TWENTY MILLION DOLLARS
($20,000,000).” in the eighth line thereof and substituting therefor “the LC
Sublimit Amount.”
3.3. Addition
of Section 1.4
The
following Section 1.4 is hereby added to the Loan Agreement after Section 1.3
thereof:
1.4 Increase
in Revolving Credit Facility.
1.4.1 Request for
Increase. Provided there exists no Default or Event of
Default, upon notice to the Administrative Agent (which shall promptly notify
the other Lenders), the Borrowers may, on a one-time basis, request an increase
in the aggregate amount of the Revolving Credit Commitments by an amount not
exceeding $50,000,000 in the aggregate; provided that any
such request for an increase shall be in a minimum amount of $10,000,000 and, if
in excess of $10,000,000, shall be in an amount that is an integral multiple of
$10,000,000. At the time of sending such notice, the Borrowers (in
consultation with the Administrative Agent) shall specify the time period within
which each Lender is requested to respond (which shall in no event be less than
ten Business Days from the date of delivery of such notice to the
Lenders).
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1.4.2 Lender Elections to
Increase. Each Lender shall notify the Administrative Agent
within such time period whether or not it agrees to increase its Revolving
Credit Commitment and, if so, whether by an amount equal to, greater than, or
less than its Revolving Credit Percentage of such requested
increase. Any Lender not responding within such time period shall be
deemed to have declined to increase its Revolving Credit
Commitment. Any decision by a Lender to increase its Revolving Credit
Commitment shall be in such Lender’s sole and absolute discretion.
1.4.3 Notification by
Administrative Agent; Additional Lenders. The Administrative
Agent shall notify the Borrowers and each Lender of the Lenders’ responses to
each request made hereunder. To achieve the full amount of a
requested increase, and subject to the approval of the Administrative Agent of
the identity and credit standing of each proposed additional Lender, the
Borrowers may also invite additional institutional lenders to become Lenders
pursuant to a joinder agreement in form and substance satisfactory to the
Administrative Agent and its counsel.
1.4.4 Effective Date and
Allocations. If the aggregate amount of the Revolving Credit
Commitments is increased in accordance with this Section, the Administrative
Agent and the Borrowers shall determine the effective date (the “Revolving Credit
Increase
Effective Date”) and the final allocation of such
increase. The Administrative Agent shall promptly notify the
Borrowers and the Lenders of the final allocation of such increase and the
Revolving Credit Increase Effective Date.
1.4.5 Conditions to Effectiveness
of Increase. As a condition precedent to such increase, (a)
the Borrowers shall deliver to the Administrative Agent a certificate of each
Borrower dated as of the Revolving Credit Increase Effective Date (in sufficient
copies for each Lender) signed by the chief executive officer or chief financial
officer of such Borrower (i) certifying and attaching the resolutions adopted by
such Borrower approving or consenting to such increase, and (ii) certifying
that, before and after giving effect to such increase, (A) the representations
and warranties contained in Section 8 hereof and in the other Loan Documents are
true and correct on and as of the Revolving Credit Increase Effective Date,
except to the extent that such representations and warranties specifically refer
to an earlier date, in which case they are true and correct as of such earlier
date, and except that for purposes of this Section 1.4, the
representations and warranties contained in the first sentence of Section 8.10 shall be deemed
to refer to the most recent statements furnished pursuant to clauses (a) and
(b), respectively, of subsection 9.1.3, and the
representations and warranties contained in the second sentence of Section 8.1.10 shall be deemed
to refer to the last day of the most recent fiscal year of the Borrowers ended
prior to the date of such certificate for which financial statements have been
delivered to the Lenders, and (B) no Default or Event of Default exists, (b) the
Borrowers shall prepay any Revolving Credit Loans outstanding on the Revolving
Credit Increase Effective Date (and pay any additional amounts required pursuant
to subsection 3.2.5) to
the extent necessary to keep the outstanding Revolving Credit Loans ratable with
any revised Revolving Credit Commitment Percentages arising from any nonratable
increase in the Revolving Credit Commitments under this Section, (c) the
Borrowers shall pay such closing fees as may be acceptable to the Lenders that
make Revolving Credit Commitments or increase their Revolving Credit Commitments
pursuant to this
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Section,
and (d) to the extent requested by the Administrative Agent, the Borrowers shall
deliver new or substituted, as applicable, Revolving Credit Notes in the amounts
of the respective aggregate Revolving Credit Commitments of the Lenders that
increase their Revolving Credit Commitments or make new Revolving Credit
Commitments, (ii) a reaffirmation agreement from all Guarantors, (iii) UCC
searches for the jurisdictions requested by the Administrative Agent, and (iv)
such other documents, including, without limitation, any opinion letters
requested, as are reasonably required by the Administrative Agent, all of the
documents referred to in clauses (i) through (iv) to be in form and substance
satisfactory to the Administrative Agent.
3.4. Amendment
to Section 2.6
The
second to last sentence of Section 2.6 of the Loan
Agreement is hereby amended and restated in its entirety to read as
follows:
Audit and
appraisal fees shall be payable on the first day of the month following the date
of issuance by Agent of a request for payment thereof to Borrowers.
3.5. Amendment
to Subsection 3.1.3
Subsection 3.1.3(ii) of the
Loan Agreement is hereby amended by deleting “SEVENTEEN MILLION FIVE HUNDRED
THOUSAND DOLLARS ($17,500,000) (the “SwingLine Loan Ceiling”).” in the eighth
and ninth lines thereof and substituting therefor “the amount of the SwingLine
Loan Ceiling.”
3.6. Amendment
to Subsection 7.2.5
The
fourth, fifth and sixth sentences of Subsection 7.2.5 of the Loan
Agreement are hereby amended and restated in their entirety to read as
follows:
Borrowers
shall issue to any such banks an irrevocable letter of instruction directing
such banks to deposit all payments or other remittances received in the lockbox
to the Dominion Account and to comply with Agent’s notice, given at any time and
from time to time in its discretion (or when directed by the Required Lenders)
(a “Transfer
Notice”), directing such banks to transfer all such payments and
remittances to the Payment Account for application on account of the
Obligations; provided, however, that Borrowers acknowledge and agree that if at
any time Availability is less than $16,000,000 and within ten (10) days of such
occurrence Borrowers fail to provide or are unable to provide Availability
projections demonstrating, to the satisfaction of the Required Lenders, that
within sixty (60) days Availability will increase to be in excess of $16,000,000
and continue thereafter to exceed such amount, Agent shall give the foregoing
Transfer Notice to such banks to transfer all payments and remittances to the
Payment Account (this proviso, the “$16,000,000 Availability
Proviso”). All funds deposited in any Dominion Account shall
immediately become the property of Agent for the account of Lenders, and
Borrowers shall obtain the agreement by such banks in favor of Agent to waive
any right of recoupment or setoff (subject only to such exceptions as may be
acceptable to Agent) against the funds so deposited, and to waive any security
interest in the funds so deposited. Agent agrees with Borrowers that,
except pursuant to
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the
$16,000,000 Availability Proviso, Agent shall not give a Transfer Notice unless
a Default or an Event of Default has occurred and is continuing.
3.7. Amendment
to Subsection 9.1.1
The
following sentence is hereby added at the end of Subsection 9.1.1 of the Loan
Agreement to read as follows:
Agent may
conduct one (1) appraisal, at Borrowers’ expense, during each twelve (12) month
period and as many as the Agent or the Required Lenders may deem necessary or
appropriate, at Borrowers’ expense, if a Default or an Event of Default has
occurred and is continuing.
3.8. Amendment
to Subsection 9.2.1
Subsection
9.2.1 of the Loan Agreement is hereby amended and restated in its entirety to
read as follows:
9.2.1 Mergers;
Consolidations; Acquisitions. Merge or consolidate, or permit
any Subsidiary of Borrowers to merge or consolidate, with any Person (except for
mergers or consolidations among the Borrowers or mergers or consolidations of
Subsidiaries with a Borrower or Borrowers); nor acquire or permit any of its
Subsidiaries to acquire all or any substantial part of the Properties or stock
or securities of any Person, provided, that Borrowers may purchase businesses in
the lines of business conducted by the Borrowers which Borrowers have
determined, in their reasonable business judgment, would enhance the business,
operations, prospects and condition (financial or otherwise) of the Borrowers
provided that each of the following conditions are satisfied (each such
transaction a “Permitted
Acquisition”): (a) in respect of any Material Acquisition, UNF shall have
delivered to the Administrative Agent and each Lender not less than ten (10)
Business Days prior to the earlier of (i) the execution of a definitive or
binding agreement to enter into the proposed Permitted Acquisition and (ii) the
consummation of such proposed Permitted Acquisition, a copy of the proposed
acquisition agreement and a statement, certified by the principal financial or
accounting officer of UNF, setting forth, in reasonable detail, computations
evidencing on a pro forma basis (determined in a manner acceptable to the
Administrative Agent) compliance with the financial covenants contained in
Section 9.3 hereof, immediately prior to and after giving effect to such
proposed Permitted Acquisition; (b) UNF shall have delivered to the
Administrative Agent and each Lender not less than ten (10) Business Days prior
to the earlier of (i) the execution of a definitive or binding agreement to
enter into the proposed Permitted Acquisition and (ii) the consummation of such
proposed Permitted Acquisition, a statement, certified by the principal
financial or accounting officer of UNF, setting forth, in reasonable detail,
computations (determined in a manner reasonably acceptable to the Administrative
Agent) evidencing Availability immediately prior to and after giving effect to
the proposed Permitted Acquisition in an amount equal to or in excess of (x) in
respect of any Material Acquisition, 20% of the Borrowing Base and (y) in all
other respects, 15% of the Borrowing Base, and such principal financial or
accounting officer shall have delivered to the Administrative Agent and each
Lender not more than two (2) Business Days prior to the consummation of the
proposed Permitted Acquisition a
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statement
certifying that the conditions in clause (a) (in respect of Material
Acquisitions only) and clause (b) of this subsection 9.2.1 continue to be
satisfied, which statement shall be accompanied by execution copies of the
acquisition agreement and all material documents to be executed in connection
therewith; (c) no Default or Event of Default shall exist before or after giving
effect to the proposed Permitted Acquisition; (d) the Borrowers shall furnish to
the Agent and each Lender notice and copies of any letter of intent or other
memorandum of understanding and purchase documents for any acquisition they may
contemplate and in the event that Borrowers wish to have the Accounts and
Inventory of the entity to be acquired or invested in be included in the
Borrowing Base, Borrowers’ shall arrange for Agent and its representatives to
have reasonable access to financial information and the assets and Properties to
be acquired which will, upon consummation of the acquisition, become Collateral
for the Obligations; (e) if any such acquisition is structured as the
acquisition of stock or other securities of a Person to be acquired or Borrowers
create a Subsidiary to make the acquisition, at the election of the Agent, such
entity shall become a Borrower hereunder by entering into a joinder agreement in
form and substance satisfactory to Agent, or Borrowers shall cause such entity
to enter into a guaranty of the Obligations and, in each case, such entity shall
grant to Agent a security interest such of its assets that would constitute
Collateral hereunder to secure such guaranty reasonably satisfactory to the
Agent; and (f) if any indebtedness is to be issued to any seller in connection
with any such transaction, the holder of such indebtedness shall enter into a
subordination agreement in favor of the Agent and Lenders in form and substance
satisfactory to Agent. The Agent agrees to enter into
confidentiality agreements with the Persons that Borrowers may acquire on terms
mutually agreeable to Agent and such Person.
3.9. Amendment
to Subsection 9.2.7
Clauses
(c) and (d) of subsection
9.2.7 of the Loan Agreement are hereby deleted and the following clause
(c) is substituted therefor (and the word “and” is added after clause
(b)):
(c) other
Distributions, provided that a
Distribution shall only be permitted pursuant to this clause (c) if (i) UNF
shall have delivered to the Administrative Agent and each Lender between two (2)
and five (5) Business Days prior to the date of such Distribution a statement,
certified by the principal financial or accounting officer of UNF, setting
forth, the nature, amount and recipients of the proposed Distribution and
setting forth, in reasonable detail, computations evidencing on a pro forma
basis (determined in a manner acceptable to the Administrative Agent) (A)
compliance with the financial covenants contained in Section 9.3 hereof,
immediately prior to and after giving effect to such proposed Distribution, and
(B) Availability immediately prior to and after giving effect to the proposed
Distribution in an amount equal to or in excess of 20% of the Borrowing Base,
and (ii) no Default or Event of Default shall exist before or after giving
effect to the proposed Distribution.
3.10.Amendment
to Subsection 12.10.2
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The word
“and” is deleted from the end of clause (iv) of subsection 12.10.2, the period
at the end clause (v) is deleted and “; and” substituted therefor and the
following clause (vi) is added after clause (v) of subsection
12.10.2:
(vi) notwithstanding
the foregoing provisions of this subsection 12.10.2, (a) the
execution of the Fourth Amendment Agreement shall constitute the consent of the
Borrowers and the Administrative Agent to assignments of Revolving Credit
Commitments to (x) Persons that are designated as “New Lenders” in such Fourth
Amendment Agreement becoming Lenders and (y) certain of the Persons that are
designated as “Existing Lenders” in such Fourth Amendment Agreement, in each
case to the extent that the aggregate of the amounts of Revolving Credit
Commitments of each Lender listed on Schedule 1 attached to the
Fourth Amendment Agreement include such assignments (and the execution of such
Fourth Amendment Agreement shall also constitute such consent of UNF and the
Administrative Agent, in accordance with clause (ii) of this subsection, to the
amounts being assigned), (b) the master assignment agreement referred to in
clause (g) of Section 6 of the Fourth Amendment Agreement shall be executed with
respect to the assignments referred to in clause (a) of this clause (vi) rather
than the Assignment and Assumption Agreements and Notices of Assignment referred
to in clause (iii) of this subsection, and (c) the fee referred to in clause (v)
of this subsection shall not be payable with respect to the assignments referred
to in clause (a) of this clause (vi).
3.11. Amendment
of Section 13.8
Section
13.8 of the Loan Agreement is hereby amended and restated in its entirety to
read as follows:
13.8 Notice. Except
as otherwise provided herein, all notices, requests and demands to or upon a
party hereto, to be effective, shall be in writing and shall be sent by
certified or registered mail, return receipt requested, by personal delivery
against receipt, by overnight courier or by facsimile and, unless otherwise
expressly provided herein, shall be deemed to have been validly served, given or
delivered immediately when delivered against receipt, one (1) Business Day after
being sent by overnight courier, three (3) Business Days after deposit in the
mail, postage prepaid, or, in the case of facsimile notice, when sent (except
that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next Business Day
for the recipient) or, in the case of electronic notice delivery as provided
below in this Section
13.8 below, addressed as follows:
If
to Agent:
|
Bank
of America, N.A.
|
000
Xxxxxxxxxxx Xxxxxxxxx
|
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Xxxxxxxxxxx,
XX 00000
|
|
Attention:
Xxxxx Xxxxxxx
|
|
Electronic
Mail Address:
|
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xxxxx.xxxxxxx@xxxxxxxxxxxxx.xxx
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|
Facsimile
No.: (000) 000-0000
|
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With
a copy to:
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Xxxxxxx
XxXxxxxxx LLP
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Xxx
Xxxxx Xxxxxx
|
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Xxxxxxxx,
XX 00000
|
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Attention:
Xxxxxx X. Xxxxxxxxxxx, Esq.
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Electronic
Mail Address: xxxxxx.xxxxxxxxxxx@xxxxxxx.xxx
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Facsimile
No.: (000) 000-0000
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If
to Borrowers:
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United
Natural Foods, Inc.
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000
Xxxx Xxxx
|
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Xxxxxxxx,
XX 00000
|
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Attention:
Xxxx Xxxxxxx, Vice President,
Chief
Financial Officer and Treasurer
|
|
Electronic
Mail Address: xxxxxxxx@xxxx.xxx
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Facsimile
No.: (000) 000-0000
|
|
With
a copy to:
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Cameron
& Xxxxxxxxx
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00
Xxxxxxxx Xxxxxxx
|
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Xxxxxxxxxx,
XX 00000
|
|
Attention:
Xxxxxx X. Xxxxxx, Esq.
|
|
Electronic
Mail Address: xxxxxxx@xx-xxx.xxx
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|
Facsimile
No.: (000) 000-0000
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If
to any Lender:
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To
the address set forth on Schedule 1 hereto, or on the Notice of Assignment
executed by such Lender, whichever is
applicable,
|
or to
such other address as each party may designate for itself by notice given in
accordance with this Section
13.8; provided, however, that any
notice, request or demand to or upon Agent pursuant to subsection 3.1.1, 3.2.5 or 5.2.2 hereof shall not be
effective until received by Agent.
Notices
and other communications to the Lenders and any issuer of Letters of Credit
hereunder may be delivered or furnished by electronic communication (including
e-mail and Internet or intranet websites) pursuant to procedures approved by the
Agent, provided
that the foregoing shall not apply to notices to any Lender or the issuer of
Letters of Credit pursuant to Section 1 and Section 3 if such Lender or
such issuer, as applicable, has notified the Agent that it is incapable of
receiving notices under such Section by electronic communication. The
Agent or the Borrowers may, in their discretion, agree to accept notices and
other communications to them hereunder by electronic communications pursuant to
procedures approved by them, provided that
approval of such procedures may be limited to particular notices or
communications.
Unless
the Agent otherwise prescribes, (i) notices and other communications sent
to an e-mail address shall be deemed received upon the sender’s receipt of an
acknowledgement from the intended recipient (such as by the “return receipt
requested” function, as available, return e-mail or other written
acknowledgement), provided that if such
notice or other communication is not sent during the normal business hours of
the recipient, such notice or communication shall be deemed to have been sent at
the opening of business on the next Business Day for the
recipient,
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and
(ii) notices or communications posted to an Internet or intranet website
shall be deemed received upon the deemed receipt by the intended recipient at
its e-mail address as described in the foregoing clause (i) of notification
that such notice or communication is available and identifying the website
address therefor.
3.12. Addition
of Schedule
1.
Schedule
1 attached to this Agreement is hereby added to the Loan Agreement as Schedule 1
thereto.
3.13. Amended
Exhibits.
Exhibits
A, B, C, D, E, F, G, H, I, J, K, N, O, Q, S and V to the Loan Agreement are
hereby amended and restated as set forth on Exhibits A, B, C, D, E, F, G, H, I,
J, K, N, O, Q, S and V, respectively, attached to this Agreement.
3.14. Agent
Titles.
All
references in the Loan Agreement and the other Loan Documents to Citizens Bank
of Massachusetts as Syndication Agent and to U.S. Bank National Association as
Documentation Agent are hereby deleted and replaced with the
following: (a) RBS Citizens, National Association (as successor by
merger with Citizens Bank of Massachusetts) as Co-Syndication Agent, (b) U.S.
Bank National Association as Co-Syndication Agent, (c) BMO Capital Markets
Financing, Inc. as Co-Documentation Agent and (d) Royal Bank of Canada as
Co-Documentation Agent. All references to the Syndication Agent
and/or the Documentation Agent in the Loan Agreement and the other Loan
Documents shall hereafter be deemed to be references to the Co-Syndication
Agents and the Co-Documentation Agents, or either of them, as
applicable. The last sentence of Section 12.1.4 is hereby amended and
restated in its entirety to read as follows:
The
designation of a Lender as a “Co-Documentation Agent” or a “Co-Syndication
Agent” shall have no substantive effect, and such Lenders shall have no
additional powers, duties or responsibilities as a result thereof.
§4. Ratification,
etc. All of the obligations and liabilities to the Lenders and
the Administrative Agent as evidenced by or otherwise arising under the Loan
Agreement, the Notes and the other Loan Documents, are, by the Borrowers’
execution of this Agreement, ratified and confirmed in all
respects. In addition, by each Borrower’s execution of this
Agreement, such Borrower represents and warrants that neither it nor any of its
Subsidiaries has any counterclaim, right of set-off or defense of any kind with
respect to such obligations and liabilities. This Agreement and the
Loan Agreement shall hereafter be read and construed together as a single
document, and all references in the Loan Agreement or any related agreement or
instrument to the Loan Agreement shall hereafter refer to the Loan Agreement as
amended by this Agreement.
§5. Waivers. Subject
to the satisfaction of the conditions set forth herein, the Lenders waive those
Events of Default that have occurred under the Loan Agreement as a result of the
Borrowers’ failure on or before the date hereof to comply with those sections of
the Loan
-11-
Agreement
set forth on Schedule 2 attached
hereto. The waivers set forth in this Section 5 shall be effective
only for those Events of Default contained in the Loan Agreement as specified in
Schedule 2 which occurred on
or before the date hereof and such waiver shall not entitle the Borrowers to any
future waiver in similar or other circumstances. Without limiting the
foregoing, upon the occurrence and during the continuation of an Event of
Default not set forth in Schedule 2, subject to the
provisions of the Loan Agreement, the Lenders shall be free in their sole and
absolute discretion to accelerate the payment in full of the Obligations, and
may, if the Lenders so elect, proceed to enforce any or all of their rights
under or in respect of the Loan Agreement and the other Loan Documents and
applicable law. Except as otherwise expressly provided for herein, nothing in
this Agreement shall extend to or affect in any way the Borrowers’ obligations
or the Lenders’ rights and remedies arising under the Loan Agreement or the
other Loan Documents, and no Lender shall be deemed to have waived any or all of
its remedies with respect to any Event of Default (other than the Events of
Default described on Schedule 2 attached hereto,
and then only to the extent set forth therein) or event or condition which, with
notice or the lapse of time, or both would become an Event of Default and which
upon the Borrowers’ execution and delivery of this Agreement might otherwise
exist or which might hereafter occur.
§6. Conditions
to Effectiveness. The effectiveness of the amendments set
forth in Section 3 of this Agreement and the waivers set forth in Section 5 of
this Agreement are subject to the prior satisfaction, on or before November 27,
2007, of the following conditions precedent (the date of such satisfaction
herein referred to as the “Fourth Amendment Effective
Date”):
(a) Representations and
Warranties. The representations and warranties of the
Borrowers contained herein shall be true and correct.
(b) No Event of
Default. There shall exist no Event of Default or event or
circumstance which, with the giving of notice and/or the lapse of time would
result in an Event of Default.
(c) Corporate or Limited
Liability Company Action. The Administrative Agent shall have
received evidence reasonably satisfactory to the Administrative Agent that all
requisite corporate or limited liability company, as applicable, action
necessary for the valid execution, delivery and performance by the Borrowers of
this Agreement and all other instruments and documents delivered by the
Borrowers in connection herewith has been taken.
(d) Delivery of this
Agreement. The Borrowers, the Administrative Agent and the
Lenders shall have executed and delivered this Agreement and each Guarantor
shall have acknowledged its acceptance of or agreement to this Agreement and its
ratification of the continuing effectiveness of its Guaranty.
(e) Amendment of Intercreditor
Agreement. The Intercreditor Agreement dated as of April 30,
2004 between Bank of America, N.A., as Administrative Agent for the Lenders
under the Loan Agreement, and the holders of the Term Loan made pursuant to the
Term Loan Agreement shall have been amended in such manner as may be deemed by
the Administrative Agent to be necessary or appropriate in connection with the
amendments set forth herein, provided that such
amendment shall not amend the Intercreditor Agreement in a manner adverse to the
interests of the Lenders without the consent of the Required
Lenders.
-12-
(f) Guarantor
Reaffirmation. Each of the Guarantors shall have reaffirmed
their respective obligations under their respective Guaranty Agreements pursuant
to reaffirmation agreements each in form and substance satisfactory to the
Agent.
(g) Assignments of
Loans. The Lenders shall have entered into a master assignment
agreement, in form and substance acceptable to each of the Lenders, pursuant to
which those Existing Lenders whose Revolving Credit Commitment Percentage are
being reduced by the increases in the Revolving Credit Commitment Percentages of
the other Existing Lenders and by the making of Revolving Credit Commitments by
the New Lenders will assign to the other Existing Lenders and the New Lenders
such amount of their Revolving Credit Loans as will result in each Lender
holding an amount of Revolving Credit Loans that represents such Lender’s
Revolving Credit Commitment Percentage of all outstanding Revolving Credit
Loans, and each New Lender shall have executed and delivered to the
Administrative Agent such documents as are customarily required by the
Administrative Agent to be executed or delivered by Persons who become Lenders
under the Loan Agreement.
(h) Payment of
Expenses. The Borrowers shall have paid to the Administrative
Agent all amounts payable to the Administrative Agent under Section 7
hereof.
(i) Organic Brands Subordination
Agreement. UNF, the Agent and Organic Brands, LLC shall have
entered into a Subordination Agreement with respect to that certain Promissory
Note dated March 30, 2007 executed by UNF in favor of Organic Brands, LLC, such
Subordination Agreement to be in form and substance satisfactory to the
Agent.
(j) Amendment of Term Loan
Agreement. The Term Loan Agreement shall have been amended by
an amendment in form and substance satisfactory to the Lenders.
(k) Payment of Arranger
Fee. The Borrowers shall have paid to Bank of America, N.A.,
in its capacity as Arranger, an arrangement fee in the amount provided for in
the fee letter dated November 27, 2007 between Bank of America, N.A. and the
Borrowers.
§7. Expenses,
Etc. Without limitation of the amounts payable by the
Borrowers under the Loan Agreement and other Loan Documents, the Borrowers shall
pay to the Administrative Agent and its counsel upon demand an amount equal to
any and all out-of-pocket costs or expenses (including reasonable legal fees and
disbursements and appraisal expenses) incurred by the Administrative Agent in
connection with the preparation, negotiation and execution of this Agreement and
the matters related thereto.
§8. Time is
of the Essence; No Waivers by Lenders. TIME IS OF THE ESSENCE
WITH RESPECT TO ALL COVENANTS, CONDITIONS, AGREEMENTS OR OTHER PROVISIONS
HEREIN. Except as otherwise expressly provided for herein, nothing in
this Agreement shall extend to or affect in any way the Borrowers’ obligations
or the Lenders’ and Administrative Agent’s rights and remedies arising under the
Loan Agreement or the other Loan Documents.
-13-
§9. Fourth
Amendment Closing Fees. In consideration
of the agreement by the Lenders to the provisions of this Agreement, the
Borrowers shall pay to the Administrative Agent on the Fourth Amendment
Effective Date, in addition to the other fees payable under this Agreement, the
fee letter referred to in Section 6(k) hereof, and the Loan Agreement, the
following amounts (clauses (a) and (b) below collectively, the “Fourth Amendment Closing
Fees”):
(a) The
Borrowers shall pay to the Administrative Agent for the account of each Existing
Lender (i) a fee in the amount of the product of (A) the Revolving Credit
Commitment as in effect prior to the increase on the Fourth Amendment Effective
Date multiplied by (B) 0.125%, and (ii) a fee in the amount of the product of
(A) the amount by which the Revolving Credit Commitment of such Existing Lender
increased on the Fourth Amendment Effective Date multiplied by (B)
0.25%.
(b) The
Borrowers shall pay to the Administrative Agent for the account of each New
Lender a fee in the amount of the product of (i) the Revolving Credit Commitment
of such New Lender on the Fourth Amendment Effective Date multiplied by (ii)
0.25%.
§10. Governing
Law. This Agreement
shall for all purposes be construed according to and governed by the laws of the
State of Connecticut (excluding the laws thereof applicable to conflicts of law
and choice of law).
§11. Effective
Date. The
amendments set forth in Section 3 hereof shall become effective among the
parties hereto as of the Fourth Amendment Effective Date. Until the
Fourth Amendment Effective Date, the terms of the Loan Agreement prior to its
amendment hereby shall remain in full force and effect. This
Agreement is effective as to all provisions other than the amendments set forth
in Section 3 hereof at the time that the Borrowers, the Administrative Agent and
the Lenders have executed and delivered this Agreement.
§12. Entire
Agreement; Counterparts. This Agreement
sets forth the entire understanding and agreement of the parties with respect to
the matters set forth herein, including the amendments set forth herein, and
this Agreement supersedes any prior or contemporaneous understanding or
agreement of the parties as to any such amendment of the provisions of the Loan
Agreement or any Loan Document, except for any such contemporaneous agreement
that has been set forth in writing and executed by the Borrowers, the
Administrative Agent and the Required Lenders. This Agreement may be
executed in any number of counterparts and by different parties hereto on
separate counterparts, each of which when so executed and delivered shall be an
original, but all of which counterparts taken together shall be deemed to
constitute one and the same instrument. A facsimile or other
electronic transmission of an executed counterpart shall have the same effect as
the original executed counterpart.
[Remainder
of Page Intentionally Left Blank; Signature Pages Follow]
-14-
IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed by their
duly authorized officers, as of the day and year first above
written.
BORROWERS:
UNITED
NATURAL FOODS, INC.
By: /s/ Xxxx X.
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title: Vice
President, CFO and Treasurer
UNITED
NATURAL FOODS WEST, INC.
By: /s/ Xxxx X.
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title: Vice
President, Secretary and Treasurer
UNITED
NATURAL TRADING CO.
By: /s/ Xxxx X.
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title: Vice
President, Secretary and Treasurer
DISTRIBUTION
HOLDINGS, INC.
By: /s/ Xxxx X.
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title: Vice
President, Secretary and Treasurer
SPRINGFIELD
DEVELOPMENT, LLC
By: /s/ Xxxx X.
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title: Vice
President, Secretary and Treasurer
MILLBROOK
DISTRIBUTION
SERVICES INC.
SERVICES INC.
By: /s/ Xxxx X.
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title: Vice
President, Secretary and Treasurer
[Signature
Page to Fourth Amendment Agreement - United Natural Foods, Inc., et
al]
ADMINISTRATIVE
AGENT:
BANK
OF AMERICA, N.A.,
By: /s/ Xxxxx
Xxxxxxx
Name: Xxxxx
Xxxxxxx
Title: Senior
Vice President
LENDERS:
BANK
OF AMERICA, N.A.,
By: /s/ Xxxxx
Xxxxxxx
Name: Xxxxx
Xxxxxxx
Title:
Senior Vice President
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
RBS
CITIZENS, NATIONAL ASSOCIATION,
(as successor by merger with Citizens Bank of
Massachusetts) individually and as Co-Syndication
Agent
(as successor by merger with Citizens Bank of
Massachusetts) individually and as Co-Syndication
Agent
By: /s/ Xxxxx
Xxxxxx
Name: Xxxxx
Xxxxxx
Title:
Vice President
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
U.S.
BANK NATIONAL ASSOCIATION,
individually and as Co-Syndication Agent
individually and as Co-Syndication Agent
By: /s/ Xxxx X.
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title:
Vice President
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
PNC
BANK, NATIONAL ASSOCIATION
By: /s/ Xxxxx
Xxxxxx
Name: Xxxxx
Xxxxxx
Title: Vice
President
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
FIRST
PIONEER FARM CREDIT, ACA
By: /s/ Xxxxxx X.
Xxxxxxxx
Name: Xxxxxx
X. Xxxxxxxx
Title:
Vice President
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
XXXXXXX
BANK, NATIONAL ASSOCIATION
(f/k/a
Xxxxxxx Bank)
By: /s/ Xxxx X.
Xxxxx
Name: Xxxx
X. Xxxxx
Title:
Vice President
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
ISRAEL
DISCOUNT BANK OF NEW YORK
By: /s/ Xxxxxx
Xxxxxxxx
Name: Xxxxxx
Xxxxxxxx
Title:
Senior Vice President
By: /s/ Xxxx
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title:
First Vice President
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
ROYAL
BANK OF CANADA, individually and as
Co-Documentation Agent
Co-Documentation Agent
By: /s/ Xxxxxx
XxxXxxxxx
Name: Xxxxxx
XxxXxxxxx
Title:
Authorized Signatory
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
BMO
CAPITAL
MARKETS FINANCING, INC.,
individually and as Co-Documentation Agent
individually and as Co-Documentation Agent
By: /s/ Xxxxxx
Xxxxxxxxx
Name: Xxxxxx
Xxxxxxxxx
Title:
Vice President
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
COOPERATIEVE
CENTRALE RAIFFEISEN-
BOERENLEENBANK B.A.,
BOERENLEENBANK B.A.,
“RABOBANK
NEDERLAND”, NEW YORK BRANCH
By: /s/ Xxxxxx
Xxxxx
Name: Xxxxxx
Xxxxx
Title:
Vice President
By: /s/ Xxxxxxx X.
Xxxxxx
Name: Xxxxxxx
X. Xxxxxx
Title:
Executive Director
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
JPMORGAN
CHASE BANK, N.A.
By: /s/ Xxxxxx X
Xxxxxx
Name: Xxxxxx
X Xxxxxx
Title:
Vice President
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
CREDIT
SUISSE, CAYMAN ISLANDS BRANCH
By: /s/ Xxxxxx
Xxxx
Name: Xxxxxx
Xxxx
Title:
Vice President
By: /s/ Xxxxxxxxxxx Reo
Day
Name: Xxxxxxxxxxx
Reo Day
Title:
Associate
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
Each of
the undersigned Guarantors
acknowledges
and agrees to the foregoing,
and
ratifies and confirms in all respects
such
Guarantor’s obligations under the
Guaranty
Agreements:
NATURAL
RETAIL GROUP, INC.
By: /s/ Xxxx X.
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title:
Vice President, Secretary and Treasurer
ALBERT’S
ORGANICS, INC.
By: /s/ Xxxx X.
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title:
Vice President, Secretary and Treasurer
[Signature
Page to Fourth Amendment Agreement - United Natural Foods Inc., et
al]
Schedule
1
Revolving Credit
Commitments
Lender
Names and
Addresses
for Notices
|
Revolving
Credit
Commitment |
Revolving
Credit
Commitment Percentage |
Bank
of America, N.A.
000
Xxxxxxxxxxx Xxxxxxxxx
Xxxxxxxxxxx,
XX 00000
Attn: Xxxxx
Xxxxxxx
Phone: 000-000-0000
Fax: 000-000-0000
Email: xxxxx.xxxxxxx@xxxxxxxxxxxxx.xxx
|
$83,000,000
|
20.75%
|
RBS
Citizens, National Association (as successor by merger with Bank of
Massachusetts)
00
Xxxxx Xxxxxx, 00xx Xxxxx
Xxxxxx,
XX 00000
Attn: Xxxxx
Xxxxxx
Phone: 000-000-0000
Email: xxxxx.xxxxxx@xxxxxxxxxxxxxxxxxx.xxx
|
$43,000,000
|
10.75%
|
U.S.
Bank National Association
000
00xx Xxxxxx, Xxxxx 000
Xxxxxx,
XX 00000
Attn: Xxxx
Xxxxxxx
Phone: 000-000-0000
Email: xxxx.xxxxxxx@xxxxxx.xxx
|
$46,000,000
|
11.5%
|
Xxxxxxx
Bank, National Association (f/k/a Xxxxxxx Bank)
00
Xxx Xxxxxx
Xxx
Xxxxx, XX 00000
Attn: Xxxx
Frost
Phone: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx@xxxxxxxxxxx.xxx
|
$18,000,000
|
4.5%
|
Lender
Names and
Addresses
for Notices
|
Revolving
Credit
Commitment |
Revolving
Credit
Commitment Percentage |
PNC
Bank, National Association
00
Xxxx 00xx Xxxxxx, 00xx Xxxxx
Xxx
Xxxx, XX 00000
Attn: Xxxxx
Xxxxxx
Phone: 000-000-0000
Email: xxxxx.xxxxxx@xxxxxxxxxxxxxxxxx.xxx
|
$32,000,000
|
8.0%
|
First
Pioneer Farm Credit, ACA
000
Xxxxx Xxxx
Xxxxxxx,
XX 00000
Attn: Xxx
Xxxxxxxx
Phone: 000-000-0000
Fax: 000-000-0000
Email: xxx.xxxxxxxx@xxxxxxxxxxxx.xxx
|
$43,000,000
|
10.75%
|
Israel
Discount Bank of New York
000
Xxxxx Xxxxxx, 0xx Xxxxx
Xxx
Xxxx, XX 00000
Attn: Xxxxxx
Xxxxxxxx
Phone: 000-000-0000
Fax: 000-000-0000
Email: xxxxxxxxx@XXXXX.xxx
|
$20,000,000
|
5.0%
|
Royal
Bank of Canada
New
York Branch
Xxx
Xxxxxxx Xxxxx, 0xx Xxxxx
Xxx
Xxxx, XX 00000-0000
Attn:Manager,
Loans Administration
Fax: 000-000-0000
With
a copy to:
Attn: Xxxxxx
X. XxxXxxxxx
Phone: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx.xxxxxxxxx@xxxxx.xxx
|
$35,000,000
|
8.75%
|
BMO
Capital Markets Financing, Inc.
000
Xxxx Xxxxxx Xxxxxx, 00xx Xxxxx Xxxx
Xxxxxxx,
XX 00000
Attn: Xxxxxx
Xxxxxxxxx
Phone: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx.xxxxxxxxx@xxx.xxx
|
$35,000,000
|
8.75%
|
Lender
Names and
Addresses
for Notices
|
Revolving
Credit
Commitment |
Revolving
Credit
Commitment Percentage |
Cooperatieve
Centrale Raiffeisen-Boerenleenbank B.A.,
“Rabobank
Nederland”, New York Branch
000
Xxxx Xxx.
Xxx
Xxxx, XX 00000
Attn:
Corporate Services Dept.
Phone: 000-000-0000
Fax: 000-000-0000
Email: [not
accepting e-mail notice]
|
$10,000,000
|
2.5%
|
JPMorgan
Chase Bank, N.A.
000
0xx Xxxxxx, 0xx Xxxxx
Xxx
Xxxx, XX 00000
Attn: Xxxxx
XxXxxxx
Phone: 000-000-0000
Fax: 000-000-0000
Email: xxxxx.xxxxxxx@xxxxx.xxx
|
$25,000,000
|
6.25%
|
Credit
Suisse, Xxxxxx Xxxxxxx Xxxxxx
Xxxxxx
Xxxxxxx Xxxxxx
Xxx
Xxxx, XX 00000
Attn: Xxxxxx
Xxxx
Phone: 000-000-0000
Fax: 000-000-0000
Email: xxxxxx.xxxx@xxxxxx-xxxxxx.xxx
|
$10,000,000
|
2.5%
|
Total
|
$400,000,000
|
100.00%
|
Schedule
2
Events of
Default
1. The
Event of Default that occurred under Section 11.1.4 of the Loan Agreement as a
result of the Borrowers’ failure to comply with Section 9.2.1(e) and Section
9.2.6 of the Loan Agreement in respect of the Indebtedness incurred by UNF owing
to Organic Brands, LLC evidenced by that certain Promissory Note dated March 30,
2007 executed by UNF in favor of Organic Brands, LLC.
2. The
Event of Default that occurred under Section 11.1.4 of the Loan Agreement as a
result of the Borrowers’ failure to comply with Section 9.2.3 and Section 9.2.5
of the Loan Agreement in respect of the Indebtedness incurred by Millbrook
Distribution Services Inc. owing to General Electric Company and the Lien in
respect thereof.
3. The
Event of Default that occurred under Section 11.1.4 of the Loan Agreement as a
result of the Borrowers’ failure to comply with Section 9.2.5 of the Loan
Agreement in respect of the Lien incurred by Albert’s Organics, Inc. in favor of
City National Bank.
4. The
Events of Default that occurred under Section 11.1.18 of the Loan Agreement as a
result of the events of default that occurred under the Term Loan Agreement as a
result of the events described in 2 and 3 above.
Exhibit
A
Amended and Restated Exhibit
A
EXHIBIT
A
FORM
OF
AMENDED
AND RESTATED REVOLVING CREDIT NOTE
$[AMOUNT] |
November
27, 2007
Hartford, Connecticut |
FOR VALUE RECEIVED, the
undersigned, UNITED NATURAL
FOODS, INC., a Delaware corporation with its chief executive office and
principal place of business located at 000 Xxxx Xxxx, Xxxxxxxx, Xxxxxxxxxxx
00000 (“UNF”), UNITED NATURAL FOODS WEST,
INC. (f/k/a Mountain
People's Warehouse Incorporated), a California corporation with its chief
executive office and principal place of business located at 0000 Xxxxxx
Xxxxxxxxx, Xxxxxxx, Xxxxxxxxxx 00000 (“UNFW”), UNITED NATURAL TRADING
CO., a Delaware corporation with its chief executive office and principal
place of business located at 00 Xxxxxxxxx Xxxxx, Xxxxxx, Xxx Xxxxxx 00000 (“UNT”), DISTRIBUTION HOLDINGS, INC., a Delaware corporation with its
chief executive office and principal place of business located at 000 Xxxx Xxxx,
Xxxxxxxx, Xxxxxxxxxxx 00000 (“Holdings”), SPRINGFIELD DEVELOPMENT, LLC
(f/k/a United Northeast
LLC), a Delaware limited
liability company with its chief executive office and principal place of
business located at 000 Xxxx Xxxx, Xxxxxxxx, Xxxxxxxxxxx 00000 (“SDLLC”), and MILLBROOK DISTRIBUTION SERVICES
INC., a Delaware corporation
with its chief executive office and principal place of business located at 00
Xxxxxxx Xxxxxxxx Xxx, Xxxxxxxxx, Xxxxxxxxxxxxx 00000 (“Millbrook” together with UNF, UNFW, UNT,
Holdings and SDLLC, collectively, the “Borrowers”) jointly and
severally promise to pay to the order of [_______________] (“Lender”), at the office of
Agent, defined below, located at 000 Xxxxxxxxxxx Xxxxxxxxx, Xxxxxxxxxxx,
Xxxxxxxxxxx 00000, in lawful money of the United States of America and in
immediately available finds, the principal amount of [______________] Dollars
($[_______]) or such lesser sum as may constitute Lender's Pro Rata share of the
outstanding amount of all Revolving Credit Loans made pursuant to the Loan
Agreement referred to below, in accordance with the terms thereof.
This
Amended and Restated Revolving Credit Note (the “Note”) is a Revolving Credit
Note referred to in, and is issued pursuant to, that certain Amended and
Restated Loan and Security Agreement among Borrowers, Bank of America, N.A. (as
successor to Fleet Capital Corporation) as administrative agent (“Agent”) for itself and the
lenders from time to time a party thereto (“Lenders”), and certain other
parties, dated April 30, 2004, as amended from time to time (hereinafter, as
amended from time to time, the “Loan Agreement”), and is entitled
to all of the benefits and security of the Loan Agreement. All of the terms,
covenants and conditions of the Loan Agreement and the Security Documents are
hereby made a part of this Note and are deemed incorporated herein in full. All
capitalized terms used herein, unless otherwise specifically defined in this
Note, shall have the meanings ascribed to them in the Loan
Agreement.
This Note
amends and restates that certain Revolving Credit Note dated April 30, 2004 in
the original principal amount of $[__________] executed and delivered by the
Borrowers to the
Lender
(the “Original Note”). This Note is executed and delivered in substitution for,
but not in satisfaction of, the Original Note.
The rate
of interest in effect hereunder shall be calculated with reference to the Base
Rate or LIBOR, as applicable, as more specifically provided in the Loan
Agreement. The interest due shall be computed and shall be payable in the manner
provided in the Loan Agreement.
Except as
otherwise expressly provided in the Loan Agreement, if any payment on this Note
becomes due and payable on a day other than a Business Day, the maturity thereof
shall be extended to the next succeeding Business Day, and with respect to
payments of principal, interest thereon shall be payable at the then applicable
rate during such extension. Notwithstanding the foregoing, if any portion of the
Revolving Credit Loans evidenced by this promissory note constitutes a LIBOR
Advance, and an extension of the maturity of any payment hereon would cause the
maturity thereof to occur during the next calendar month, then such payment
shall mature on the next preceding Business Day.
This Note
shall be subject to mandatory prepayment in accordance with the provisions of
Section 3.3 of the Loan
Agreement. Borrowers may also terminate the Loan Agreement and, in connection
with such termination, prepay this Note in the manner provided in Section 5.2.2 of the Loan
Agreement.
Upon the
occurrence and continuation of any one or more of the Events of Default
specified in the Loan Agreement which have not been cured by Borrowers or waived
by Agent, Agent may declare all Obligations evidenced hereby to be immediately
due and payable (except with respect to any Event of Default set forth in Subsection 11.1.10 of the Loan
Agreement, in which case all Obligations evidenced hereby shall automatically
become immediately due and payable without the necessity of any notice or other
demand) without presentment, demand, protest or any other action or obligation
of Agent or Lender.
Time is
of the essence of this Note. Borrowers hereby waive presentment, demand, protest
and notice of any kind. No failure to exercise, and no delay in exercising, any
rights hereunder on the part of the holder hereof shall operate as a waiver of
such rights.
Wherever
possible, each provision of this Note shall be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Note
shall be prohibited or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity without invalidating
the remainder of such provision or remaining provisions of this Note. No delay
or failure on the part of Agent or Lender in the exercise of any right or remedy
hereunder shall operate as a waiver thereof, nor as an acquiescence in any
default, nor shall any single or partial exercise by Agent or Lender of any
right or remedy preclude any other right or remedy. Subject to the terms of the
Loan Agreement, Agent, at its option, may enforce its rights against any
collateral securing this Note without enforcing its rights against Borrowers,
any guarantor of the indebtedness evidenced hereby or any other property or
indebtedness due or to become due to Borrowers. Borrowers agree that, without
releasing or impairing Borrowers' liability hereunder, Agent may at any time
release, surrender, substitute or exchange any collateral securing this Note and
may at any time release any party primarily or secondarily liable for the
indebtedness evidenced by this Note.
The
validity, interpretation and enforcement of this promissory note shall be
governed by the internal laws of the State of Connecticut without giving effect
to the conflict of laws principles thereof.
[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]
UNITED
NATURAL FOODS, INC.
|
By:______________________
|
Name:
|
Title:
|
UNITED
NATURAL FOODS WEST,
|
INC.
|
By:______________________
|
Name:
|
Title:
|
UNITED
NATURAL TRADING CO.
|
By:______________________
|
Name:
|
Title:
|
DISTRIBUTION
HOLDINGS, INC.
|
By:______________________
|
Name:
|
Title:
|
SPRINGFIELD
DEVELOPMENT, LLC
|
By:______________________
|
Name:
|
Title:
|
MILLBROOK
DISTRIBUTION
|
SERVICES
INC.
|
By:______________________
|
Name:
|
Title:
|
Exhibit
B
Amended and Restated Exhibit
B
EXHIBIT
B
FORM
OF
AMENDED AND RESTATED SWINGLINE
NOTE
$[AMOUNT] |
November
__, 2007
Hartford, Connecticut |
FOR VALUE RECEIVED, the
undersigned, UNITED NATURAL
FOODS, INC., a Delaware
corporation with its chief executive office and principal place of business
located at 000 Xxxx Xxxx, Xxxxxxxx, Xxxxxxxxxxx 00000 (“UNF”), UNITED NATURAL FOODS WEST, INC.
(f/k/a Mountain People's Warehouse Incorporated), a California
corporation with its chief executive office and principal place of business
located at 0000 Xxxxxx Xxxxxxxxx, Xxxxxxx, Xxxxxxxxxx 00000 (“UNFW”), UNITED NATURAL TRADING CO., a Delaware corporation with its chief
executive office and principal place of business located at 00 Xxxxxxxxx Xxxxx,
Xxxxxx, Xxx Xxxxxx 00000 (“UNT”), DISTRIBUTION HOLDINGS,
INC., a Delaware corporation with
its chief executive office and principal place of business located at 000 Xxxx
Xxxx, Xxxxxxxx, Xxxxxxxxxxx 00000 (“Holdings”), SPRINGFIELD DEVELOPMENT, LLC (f/k/a
United Northeast LLC), a Delaware limited liability company with its
chief executive office and principal place of business located at 000 Xxxx Xxxx,
Xxxxxxxx, Xxxxxxxxxxx 00000 (“SDLLC”), and MILLBROOK DISTRIBUTION SERVICES
INC., a Delaware corporation with
its chief executive office and principal place of business located at 00 Xxxxxxx
Xxxxxxxx Xxx, Xxxxxxxxx, Xxxxxxxxxxxxx 00000 (“Millbrook” together with UNF,
UNFW, UNT, Holdings and SDLLC, collectively, the “Borrowers”) jointly and
severally promise to pay to the order of [__________] (“Lender”), at the office of
Agent, defined below, located at 000 Xxxxxxxxxxx Xxxxxxxxx, Xxxxxxxxxxx,
Xxxxxxxxxxx 00000, in lawful money of the United States of America and in
immediately available funds, the principal amount of [__________] Dollars
($[_______]) or such lesser sum as may constitute the outstanding amount of all
SwingLine Loans made pursuant to the Loan Agreement referred to below, in
accordance with the terms thereof.
This
SwingLine Note (the “Note”) is the SwingLine Note
referred to in, and is issued pursuant to, that certain Amended and Restated
Loan and Security Agreement among Borrowers, Bank of America, N.A. (as successor
to Fleet Capital Corporation) as administrative agent (“Agent”) for itself and the
lenders from time to time a party thereto (“Lenders”), and certain other
parties, dated April 30, 2004, as amended from time to time (hereinafter, as
amended from time to time, the “Loan Agreement”), and is
entitled to all of the benefits and security of the Loan Agreement. All of the
terms, covenants and conditions of the Loan Agreement and the Security Documents
are hereby made a part of this Note and are deemed incorporated herein in full.
All capitalized terms used herein, unless otherwise specifically defined in this
Note, shall have the meanings ascribed to them in the Loan
Agreement.
This Note
amends and restates that certain Swingline Note dated April 30, 2004 in the
original principal amount of $17,500,000 executed and delivered by the Borrowers
to the Lender (the “Original Note”). This Note is executed and delivered in
substitution for, but not in satisfaction of, the Original Note.
The rate
of interest in effect hereunder shall be calculated with reference to the Base
Rate, as more specifically provided in the Loan Agreement. The interest due
shall be computed and shall be payable in the manner provided in the Loan
Agreement.
Except as
otherwise expressly provided in the Loan Agreement, if any payment on this Note
becomes due and payable on a day other than a Business Day, the maturity thereof
shall be extended to the next succeeding Business Day, and with respect to
payments of principal, interest thereon shall be payable at the then applicable
rate during such extension.
This Note
shall be subject to mandatory prepayment in accordance with the provisions of
Section 3.3 of the Loan
Agreement. Borrowers may also terminate the Loan Agreement and, in connection
with such termination, prepay this Note in the manner provided in Section 5.2.2 of the Loan
Agreement.
Upon the
occurrence and continuation of any one or more of the Events of Default
specified in the Loan Agreement which have not been cured by Borrowers or waived
by Agent, Agent may declare all Obligations evidenced hereby to be immediately
due and payable (except with respect to any Event of Default set forth in subsection 11.1.10 of the Loan
Agreement, in which case all Obligations evidenced hereby shall automatically
become immediately due and payable without the necessity of any notice or other
demand) without presentment, demand, protest or any other action or obligation
of Agent or Lender.
Time is
of the essence of this Note. Borrowers hereby waive presentment, demand, protest
and notice of any kind. No failure to exercise, and no delay in exercising, any
rights hereunder on the part of the holder hereof shall operate as a waiver of
such rights.
Wherever
possible, each provision of this Note shall be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Note
shall be prohibited or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity without invalidating
the remainder of such provision or remaining provisions of this Note. No delay
or failure on the part of Agent or Lender in the exercise of any right or remedy
hereunder shall operate as a waiver thereof, nor as an acquiescence in any
default, nor shall any single or partial exercise by Agent or Lender of any
right or remedy preclude any other right or remedy. Subject to the terms of the
Loan Agreement, Agent, at its option, may enforce its rights against any
collateral securing this Note without enforcing its rights against Borrowers,
any guarantor of the indebtedness evidenced hereby or any other property or
indebtedness due or to become due to Borrowers. Borrowers agree that, without
releasing or impairing Borrowers' liability hereunder, Agent may at any time
release, surrender, substitute or exchange any collateral securing this Note and
may at any time release any party primarily or secondarily liable for the
indebtedness evidenced by this Note.
The
validity, interpretation and enforcement of this promissory note shall be
governed by the internal laws of the State of Connecticut without giving effect
to the conflict of laws principles thereof.
UNITED
NATURAL FOODS, INC.
|
By:______________________
|
Name:
|
Title:
|
UNITED
NATURAL FOODS WEST,
|
INC.
|
By:______________________
|
Name:
|
Title:
|
UNITED
NATURAL TRADING CO.
|
By:______________________
|
Name:
|
Title:
|
DISTRIBUTION
HOLDINGS, INC.
|
By:______________________
|
Name:
|
Title:
|
SPRINGFIELD
DEVELOPMENT, LLC
|
By:______________________
|
Name:
|
Title:
|
MILLBROOK
DISTRIBUTION
|
SERVICES
INC.
|
By:______________________
|
Name:
|
Title:
|
Exhibit
C
Amended and Restated Exhibit
C
EXHIBIT
C
Chief
Executive Offices and Registered Agents
Chief Executive
Offices:
|
|
Borrowers:
|
|
United
Natural Foods, Inc.
|
000
Xxxx Xxxx
|
Xxxxxxxx,
XX 00000
|
|
United
Natural Foods West, Inc.
|
0000
Xxxxxx Xxxxxxxxx
|
Xxxxxxx,
XX 00000
|
|
United
Natural Trading Co.
|
00
Xxxxxxxxx Xxxxx
|
Xxxxxx,
XX 00000
|
|
Distribution
Holdings, Inc.
|
000
Xxxx Xxxx
|
Xxxxxxxx,
XX 00000
|
|
Springfield
Development, LLC
|
000
Xxxx Xxxx
|
Xxxxxxxx,
XX 00000
|
|
Millbrook
Distribution Services Inc.
|
00
Xxxxxxx xxxxxxxx Xxx
|
Xxxxxxxxx,
XX 00000
|
|
Guarantors:
|
|
Natural
Retail Group, Inc.
|
Seabreeze
Shopping Plaza
|
00000
XX Xxx 00X
|
|
Xxxx
Xxxxxx, XX
|
|
Albert's
Organics, Inc.
|
0000
X. Xxxxxx Xxx
|
Xxxxxx,
XX 00000
|
|
Registered
Agents:
|
|
Borrowers:
|
|
United
Natural Foods, Inc.:
|
The
Corporation Trust Company
|
Corporation
Trust Center
|
|
Xxxxxxxxxx,
XX 00000
|
|
000-000-0000
|
CT
Corporation System
|
0000
Xxxxx Xxxx Xxxxxx Xxxx
|
Xxxxxxxxxx,
XX 00000
|
CT
Corporation System
|
Xxx
Xxxxxxxxx Xxxxxx
|
00xx
Xxxxx
|
Xxxxxxxx,
XX 00000
|
CT
Corporation System
|
000
Xxxxxxxxxxx Xxxxx
|
Xxxxx
000
|
Xxxxxxxxx,
XX 00000
|
CT
Corporation System
|
0000
Xxxxxxxxx Xxxxxx
|
Xxxxxxx,
XX 00000
|
The
Corporation Company
|
0000
Xxxxxxxx
|
Xxxxx
0000
|
Xxxxxx,
XX 00000
|
CT
Corporation System
|
Xxxxxxxxxxxx,
XX 00000
|
CT
Corporation System
|
000
X 0xx Xxxxxx
|
#0000
|
Xxxxxxxxxxx,
XX 00000
|
CT
Corporation System
|
0000
Xxxxx Xxxxxx
|
Xxx
Xxxxxx, XX 00000
|
CT
Corporation System
|
000
Xxxxxx Xxxxxx
|
Xxxxxxxx,
XX 00000
|
CT
Corporation System
|
000
Xxxx Xxxxxxx Xxxxxx
|
Xxx
Xxxxxxx, XX 00000
|
CT
Corporation System (being appointed)
|
000
Xxxxxxxx Xxxxxx Xxxx
|
Xxxxxxxxxx,
XX 00000
|
CT
Corporation System
|
|
00
Xxxxxxx Xxxxx
|
|
Xxxxxxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
Kentucky
Home Life Building
|
|
Xxxxxxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
000
Xxxxxxx Xxxxxx
|
|
Xxxxx
000
|
|
Xxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
0
Xxxxxxx Xxxxxx
|
|
Xxxxxxx,
XX 00000
|
|
The
Corporation Trust Company
|
|
000
Xxxx Xxxxxx Xxxx
|
|
Xxxx
Xxxxxxx, XX 00000
|
|
CT
Corporation System
|
|
000
Xxxxx Xxxxxx
|
|
Xxx
Xxxx. XX 1001 1
|
|
CT
Corporation System
|
|
000
X. Xxxx Xxxxxx
|
|
Xxxxx
0000
|
|
Xxxxxxxxxxxx,
XX 00000
|
|
United
Natural Foods West, Inc.:
|
CT
Corporation System
|
000
Xxxx Xxxxxxx Xxxxxx
|
|
Xxx
Xxxxxxx, XX 00000
|
|
The
Corporation Company
|
|
0000
Xxxxxxxx
|
|
Xxxxx
0000
|
|
Xxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
000
Xxxx Xxxxx
|
|
Xxxxx
Xx, Xxx Xxxxxx 00000
|
CT
Corporation System
|
|
0000
X Xxxxxxxxx Xxxx
|
|
Xxxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
000
Xxxxx Xxxxxx
|
|
Xxxxx
000
|
|
Xxxxx,
XX 00000
|
|
CT
Corporation System
|
|
0000
Xxxx Xxx Xxxxx XX
|
|
Xxxxx
000
|
|
Xxxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
0000
Xxxx Xxxxxxxxx
|
|
Xxxxx
000
|
|
Xxxxx,
XX 00000
|
|
Xxxxx
Xxxxx
|
|
XX
XXX 000
|
|
XXXXXXXXXX
XX 00000
|
|
CT
Corporation System
|
|
0000
Xxxxxxx Xxx
|
|
Xxxxx
000
|
|
Xxxxxx
XX 00000
|
|
United
Natural Trading Co.:
|
The
Corporation Trust Company
|
Corporation
Trust Center
|
|
Xxxxxxxxxx,
XX 00000
|
|
000-000-0000
|
|
CT
Corporation System
|
|
000
Xxxx Xxxxxxx Xxxxxx
|
|
Xxx
Xxxxxxx, XX 00000
|
|
The
Corporation Trust Company
|
|
000
Xxxx Xxxxxx Xxxx
|
|
Xxxx
Xxxxxxx, X.X. 00000
|
|
Distribution
Holdings, Inc.
|
Corporation
Service Company
|
0000
Xxxxxxxxxxx Xxxx
|
|
Xxxxx
000
|
|
Xxxxxxxxxx,
XX 00000
|
|
000-000-0000
|
|
Springfield
Development, LLC
|
The
Corporation Trust Company
|
Corporation
Trust Center
|
|
0000
Xxxxxx Xxxxxx
|
|
Xxxxxxxxxx,
XX 00000
|
|
000-000-0000
|
|
Millbrook
Distribution Services Inc.
|
Corporation
Service Company
|
0000
Xxxxxxxxxxx Xxxx
|
|
Xxxxx
000
|
|
Xxxxxxxxxx,
XX 00000
|
|
000-000-0000
|
|
Corporation
Service Company
|
|
00
Xxxxx Xxxxxx
|
|
Xxxxxx,
XX 00000
|
|
Corporation
Service Company
|
|
0000
Xxxx Xxxxxx
|
|
Xxxxxxxxxxx,
XX 00000
|
|
Corporation
Service Company
|
|
00
Xxxxxx Xxxxxx
|
|
Xxxxxxxx,
XX 00000
|
|
Corporation
Service Company
|
|
000
Xxxxxxxxx Xxxxxxxxx
|
|
Xxxxx
000
|
|
Xxxxxxx,
XX 00000
|
|
Corporation
Service Company
|
|
0000
X Xxxxx Xxxx Xxxx
|
|
Xxxxx
X
|
|
Xxxxxxx,
XX 00000
|
|
Corporation
Service Company
|
|
000
Xxxxxx Xxxxxxxx
|
|
Xxxxx
000
|
|
000
X Xxxxxx Xxxxxx
|
|
Xxxxxx
Xxxx, XX 00000
|
Corporation
Service Company
|
|
00
Xxxxxxxx Xxxxxx
|
|
Xxxxxxx,
XX 00000
|
|
Lawyers
Incorporating Service
|
|
d/b/a
Lawyers Inc Service
|
|
00
Xxxxxx Xxxxxx
|
|
Xxxxxxx,
XX 00000
|
|
Corporation
Service Company
|
|
000
Xxxxx Xxxxxx
|
|
Xxxxxxxxxx,
XX 00000
|
|
Corporation
Service Company
|
|
0000
Xxxxxxxx
|
|
Xxxxx
0000
|
|
Xxxxxx,
XX 00000
|
|
CORPORATION
SERVICE COMPANY
|
|
d/b/a
CSC - LAWYERS INCORPORATING
|
|
SERVICE
|
|
X.X.
Xxx 000000
|
|
Xxxxxxxxxx,
XX 00000
|
|
Guarantors:
|
|
Natural
Retail Group, Inc.:
|
The
Corporation Trust Company
|
Corporation
Trust Center
|
|
Xxxxxxxxxx,
XX 00000
|
|
000-000-0000
|
|
CT
Corporation System (being appointed)
|
|
0000
Xxxxx Xxxx Xxxxxx Xxxx
|
|
Xxxxxxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
000
Xxxxxxx Xxxxxx
|
|
Xxxxx
000
|
|
Xxxxxx,
XX 00000
|
|
The
Corporation Trust Incorporated
|
|
000
X. Xxxxxxx Xxxxxx
|
|
Xxxxxxxxx,
XX 00000
|
Albert's
Organics, Inc.:
|
Xxxxxxx
Xxxxxxxx
|
0000
Xxxxxx Xxxxxx
|
|
Xxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
0000
Xxxxx Xxxx Xxxxxx Xxxx
|
|
Xxxxxxxxxx,
XX 00000
|
|
The
Corporation Company
|
|
0000
Xxxxxxxx
|
|
Xxxxx
0000
|
|
Xxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
Xxxxxxxxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
000
0xx Xxxxxx X
|
|
Xxxxxxxxxxx,
XX 00000
|
|
CT
Corporation System
|
|
000
Xxxxxxxxxxxx Xxxxxx
|
|
Xxxxxxx,
XX 00000
|
|
The
Corporation Trust Company
|
|
Corporation
Trust Center
|
|
0000
Xxxxxx Xxxxxx
|
|
Xxxxxxxxxx,
XX 00000
|
|
The
Corporation Trust Company
|
|
000
Xxxx Xxxxxx Xxxx
|
|
Xxxx
Xxxxxxx, X.X. 00000
|
EXHIBIT
C
BORROWERS
AND GUARANTORS
BUSINESS
LOCATIONS
Owned/
Leased
|
Entity
|
Use
|
Address
|
City
|
State
|
Zip
|
Sq.
Ft.
|
Inventory
in
Excess
of
$100,000
|
OWNED
|
||||||||
O
|
Albert's
Organics
|
Warehouse
|
0000
X. Xxxxxx Xxxxxx
|
Xxxxxx
|
XX
|
00000
|
32,770
|
Yes
|
O
|
Albert's
Organics
|
Office/Warehouse
|
000
Xxxxx Xxxxx
|
Xxxxxxxxxx
|
XX
|
0000
|
37,000
|
Yes
|
O
|
Millbrook
|
Office/Warehouse
|
000
Xxxxxxx 00 Xxxx
|
Xxxxxxxx
|
XX
|
00000
|
1,200,000
|
Yes
|
O
|
UNFI
|
Office/Warehouse
|
000
Xxxx Xxxx
|
Xxxxxxxx
|
XX
|
00000
|
352,900
|
Yes
|
O
|
UNFI
|
Office/Warehouse
|
000
Xxxx Xxxx
|
Xxxxxxxx
|
XX
|
00000
|
90,200
|
No
|
O
|
UNFI
|
Office/Warehouse
|
00
Xxxx Xxxxx
|
Xxxxxxxxxxxx
|
XX
|
00000
|
319,000
|
Yes
|
O
|
UNFI
|
Warehouse
|
000
Xxxxxxx Xxxxxx
|
Xxx
Xxxxxx
|
XX
|
00000
|
271,200
|
Yes
|
O
|
UNFI
|
Warehouse
|
00000
Xxxxxxx Xxxxxx
|
Xxxxxx
|
XX
|
00000
|
150,000
|
Yes
|
O
|
UNFI
|
Office/Warehouse
|
0000
Xxxxxx Xxxx
|
Xxxxxxx
|
XX
|
00000
|
487,000
|
Yes
|
O
|
UNFI
|
Warehouse
|
000
Xxxx Xxxx Xxxxx
|
Xxxxxxx
|
XX
|
00000
|
327,500
|
Yes
|
O
|
UNFI
|
Warehouse
|
0000
Xxxxx Xxxx
|
Xxxx
Xxxx
|
XX
|
00000
|
274,800
|
Yes
|
O
|
UNFI
|
Warehouse
|
000
Xxxxxxxx Xxxxxxx
|
Xxxxxxxxx
|
XX
|
00000
|
311,100
|
Yes
|
O
|
UNFW
|
Warehouse
|
0000
X. Xxxxx Xxxxxxx
|
Xxxxxxxxxx
|
XX
|
00000
|
239,000
|
Yes
|
LEASED
|
||||||||
L
|
Albert's
Organics
|
Xxxxxx
|
0000
00xx Xxx Xxxxx 000
|
Xxxxx
Xxxx
|
XX
|
00000
|
3,859
|
No
|
L
|
Albert's
Organics
|
Warehouse
|
000
Xxxxxxx Xxxxxx
|
Xxxxxx
Xxxxx
|
XX
|
00000
|
11,500
|
Yes
|
L
|
Albert's
Organics
|
Warehouse
|
0000
Xxxxxx Xxxxxx
|
Xxxxxx
Xxxx
|
XX
|
00000
|
38,736
|
Yes
|
L
|
Hershey
|
Office/Warehouse
|
00
Xxxxxxxxx Xxxxx
|
Xxxxxx
|
XX
|
00000
|
110,000
|
Yes
|
L
|
Millbrook
|
MTM
Storage
|
000
Xxxxx Xxxx
|
Xxxxx
Xxxxx
|
XX
|
No
|
EXHIBIT
C
BORROWERS
AND GUARANTORS
BUSINESS
LOCATIONS
Leased
|
Entity
|
Use
|
Address
|
City
|
State
|
Zip
|
Sq.
Ft.
|
Inventory
in
Excess
of
$100,000
|
L
|
Millbrook
|
MTM
Storage
|
0000
Xxx Xxxxx Xxxx Xxxxx
|
Xxxxxxxxxxxx
|
XX
|
00000
|
No
|
|
L
|
Millbrook
|
MTM
Storage
|
0000
Xxxxxxxx Xxx., X-00
|
Xxxxxxx
|
XX
|
00000
|
200
|
No
|
L
|
Millbrook
|
MTM
Storage
|
0000
Xxxxx Xxx Xxxxxx Xxxx
|
Xxxxx
Xxxx
|
XX
|
00000
|
200
|
No
|
L
|
Millbrook
|
MTM
Storage
|
0000
Xxxxx Xxxx
|
Xxxxxxxx
|
XX
|
00000
|
750
|
No
|
L
|
Millbrook
|
MTM
Storage
|
Xxxxx
000 Xxxx
|
Xxxxxxxxx
|
XX
|
00000
|
200
|
No
|
L
|
Millbrook
|
MTM
Storage
|
000
Xxxxx Xxxxxxxx Xx.
|
Xxxx
|
XX
|
00000
|
80
|
No
|
L
|
Millbrook
|
MTM
Storage
|
0000
X. Xxxx 00 Xxxx
|
Xxxxxxxxxxxx
|
XX
|
00000
|
200
|
No
|
L
|
Millbrook
|
MTM
Storage
|
Xxxxx
00, Xxxxxxx Xx.
|
Xxxxxxxxx
|
XX
|
00000
|
No
|
|
L
|
Millbrook
|
MTM
Storage
|
0000
X. Xxxxxxxx Xxxxxxxxxx
|
Xxxxxxxxxxx
|
XX
|
1,500
|
No
|
|
L
|
Millbrook
|
MTM
Storage
|
0000
X. 000xx Xxxxxx
|
Xx
Xxxxx
|
XX
|
00000
|
400
|
No
|
L
|
Millbrook
|
MTM
Storage
|
000
X. Xxxxxxxx
|
Xxxxx
|
XX
|
00000
|
300
|
No
|
L
|
Millbrook
|
MTM
Storage
|
0000
Xxxxxxx Xxxx
|
Xxxxxxxxxxxx
|
XX
|
00000
|
75
|
No
|
L
|
Millbrook
|
MTM
Storage
|
000
Xxxxx Xxxx Xxxxxx
|
Xxxxxxxxxx
|
XX
|
00000
|
200
|
No
|
L
|
Millbrook
|
MTM
Storage
|
Center
St. & Genesee St.
|
Cuba
|
NY
|
No
|
||
L
|
Millbrook
|
MTM
Storage
|
0000
Xxxxxxx Xxxxxx
|
Xxxxxxxxx
|
XX
|
25
|
No
|
|
L
|
Millbrook
|
MTM
Storage
|
0000
00xx Xx., X.X.
|
Xxxxxx
|
XX
|
00000
|
300
|
No
|
L
|
Millbrook
|
MTM
Storage
|
000
Xxxxx Xxxxxxxx
|
Xxxxxx
|
XX
|
00000
|
No
|
|
L
|
Millbrook
|
MTM
Storage
|
0000
Xxxxx Xxxxxxx
|
Xxxxx
|
XX
|
00000
|
1,650
|
No
|
L
|
Millbrook
|
MTM
Storage
|
0000
Xxxxxxxx
|
Xxxxx
Xxxx
|
XX
|
00000
|
200
|
No
|
L
|
Millbrook
|
Office/Warehouse
|
00
Xxxxxxx Xxxxxxxx Xxxxxxx
|
Xxxxxxxxx
|
XX
|
00000
|
Yes
|
|
L
|
Millbrook
|
Warehouse
|
0000
Xxxxxxxx Xxxxxx
|
Xxxxxxxxx
|
XX
|
00000
|
241,304
|
No
|
L
|
Millbrook
|
Warehouse
|
0000
Xxxxxxx Xxxx Xxxxx
|
Xxxxx
|
XX
|
00000
|
64,000
|
Yes
|
L
|
Millbrook
|
Warehouse
|
0
Xxxxxx Xxxxx
|
X.
Xxxxxxxxx
|
XX
|
00000
|
177,600
|
Yes
|
L
|
Millbrook
|
Retail
Store
|
000
Xxxx Xxxxxx
|
Xxxxxxxxx
|
XX
|
00000
|
Yes
|
|
L
|
NRG
|
Retail
Store
|
0000
Xxxxxxx Xxx.
|
Xx.
Xxxxxxxxxx
|
XX
|
00000
|
4,750
|
Yes
|
L
|
NRG
|
Retail
Store
|
0000
Xxxxxxxx Xxxxx Xx
|
Xxxxxxxx
|
XX
|
00000
|
4,700
|
Yes
|
EXHIBIT
C
BORROWERS
AND GUARANTORS
BUSINESS
LOCATIONS
Leased
|
Entity
|
Use
|
Address
|
City
|
State
|
Zip
|
Sq.
Ft.
|
Inventory
in
Excess
of
$100,000
|
L
|
NRG
|
Retail
Store
|
00000
XX Xxxxxxx 00X
|
Xxxx
Xxxxxx
|
XX
|
00000
|
12,270
|
Yes
|
L
|
NRG
|
Retail
Store
|
000
Xxxxxxxxxx Xxx
|
Xxxxxx
|
XX
|
00000
|
4,800
|
Yes
|
L
|
NRG
|
Retail
Store
|
0000
X Xxxxxx Xxxxxxx Xxxx
|
Xxxxx
|
XX
|
00000
|
5,000
|
Yes
|
L
|
NRG
|
Retail
Store
|
000
XX 00 Xxxx
|
Xxxxxxxxxxx
|
XX
|
00000
|
4,600
|
Yes
|
L
|
NRG
|
Retail
Store
|
0000
Xxxxxx Xx X.
|
Xxxxxxxx
|
XX
|
00000
|
8,260
|
Yes
|
L
|
NRG
|
Retail
Store
|
0000-0000
Xxxxxxx Xxxxx
|
Xxxx
Xxxxxxxxx
|
XX
|
00000
|
9,600
|
Yes
|
L
|
NRG
|
Retail
Store
|
0000
XX 00xx Xxxx
|
Xxxxxxxxxxx
|
XX
|
00000
|
4,750
|
Yes
|
L
|
NRG
|
Retail
Store
|
0000
Xxxxx 00
|
Xxxxxxxxxxx
|
XX
|
00000
|
3,000
|
Yes
|
L
|
NRG
|
Retail
Store
|
000
Xxxxxxxx Xxx
|
Xxxxxx
|
XX
|
3,500
|
Yes
|
|
L
|
NRG
|
Retail
Store
|
700
Reistertown
|
Baltimore
|
MD
|
4,000
|
Yes
|
|
L
|
Select
Nutrition
|
Xxxxxx
|
00
Xxxxxxx Xxxxxxxxxx Xxxx
|
Xxxxxxxxx
|
XX
|
00000
|
No
|
|
L
|
Select
Nutrition
|
Xxxxxx
|
0000
Xxxxxxxx Xxx
|
Xxxxxxxxxxxx
|
XX
|
00000
|
100,000
|
Yes
|
L
|
UNFI
|
Xxxxxx
|
000
Xxxx Xxxxxx
|
Xxxxxxxxx
|
XX
|
00000
|
No
|
|
L
|
UNFI
|
Office/Warehouse
|
0000
XxxXxxxxx Xxxx
|
Xxxxxxxx
|
XX
|
00000
|
345,000
|
Yes
|
L
|
UNFI
|
Xxxxxx
|
00
Xx. Xxxxxx Xxxxx
|
Xxxxxxxxxxxx
|
XX
|
00000
|
4,000
|
No
|
L
|
UNFW
|
Warehouse
|
00000
Xxxxxxxxxxxx Xx.
|
Xxxxxxx
|
XX
|
00000
|
220,200
|
Yes
|
L
|
UNFW
|
Warehouse
|
000
Xxxxxxxxxxx Xxx., X
|
Xxxxxxx
|
XX
|
00000
|
Yes
|
|
L
|
UNFW
|
Warehouse
|
0000
Xxxxxxxxx Xxxxx
|
Xxxxxxxxx
|
XX
|
00000
|
No
|
|
L
|
UNFW
|
Warehouse
|
00000
X. 00xx Xxx.
|
Xxxxxx
|
XX
|
00000
|
180,000;
|
Yes
|
L
|
UNFW
|
Warehouse
|
00000
Xxxx 00xx Xxxxxx
|
Xxxxxx
|
XX
|
00000
|
40,000
|
Yes
|
L
|
UNFW
|
Warehouse
|
00000
Xxxx 00xx Xxx, Xxx 00
|
Xxxxxx
|
XX
|
00000
|
5,000
|
No
|
L
|
UNFW
|
Warehouse
|
0000
Xxxx 00xx Xxx
|
Xxxxxxxx
Xxxx
|
XX
|
00000
|
15,000
|
No
|
L
|
UNFW
|
Warehouse
|
00
00xx Xxxxx Xxxx
|
Xxxxxx
|
XX
|
00000
|
204,700
|
No
|
L
|
UNFW
|
Warehouse
|
0000
00xx Xxxxxx XX
|
Xxxxxx
|
XX
|
00000
|
79,200
|
Yes
|
Exhibit D
Amended
and Restated Exhibit D
EXHIBIT
D
BORROWERS
AND GUARANTORS
FOREIGN
JURISDICTIONS
Foreign
|
||||
Company
|
Qualifications
|
Address
|
||
BORROWERS
|
||||
United
Natural Foods, Inc.
|
FL-3/26/96 (Reinstated in FL
3/25/04); CT-4/9/96;
GA-4/8/96; CO-7/24/95 (requalified in CO 5/2/03);
PA-4/3/96; MN-10/18/02; IA-10/21/02;
ND-10/24/02; CA-9/14/00; IN-6/2/03;
WV-11/28/05; VT-12/2/05; SC-12/30/05;
KY-1/3/06; MA-12/30/05;
NH-12/30/05; NJ-12/30/05;
NY-12/30/05
|
0000 Xxxxxxxxxx Xxx,
Xxxxxxxxxxxx, XX 00000 (Terminal); 0000 Xxxxxxx
Xxxxx, Xxxxxxx, XX
+30336; Xxx Xxxx Xxxx, Xxxx Xxxx, XX 00000 (Terminal); 00
Xxxx Xxxxx, Xxxxxxxxxxxx, XX 00000; 000
Xxxxxxx Xxxxxx, Xxx
Xxxxxx, XX 00000; Lake City, FL (Warehouse/Holding
Facility)
|
||
United Natural Foods West, Inc.
f/k/a Mountain
People's Warehouse Incorporated
|
NM-9/23/96; AZ-9/11/96;
WA-9/17/96; OR-9/12/96; ID-9/12/96;
HI-10/16/97; CO-11/15/05;
AK-2/15/06
|
00 00xx Xxxxxx XX, Xxxxx 000,
Xxxxxx, XX 00000
|
||
United Natural Trading Co. d/b/a
Hershey Imports Co.,
Inc.
|
NJ-2/4/98;
CA-2/4/98
|
00
Xxxxxxxxx Xxxxx, Xxxxxx, XX 00000
|
||
Distribution
Holdings, Inc.
|
N/A
|
|||
Millbrook
Distribution Services Inc.
|
MA-8/27/99;
FL-6/1/99; XX-0/0/00
|
|||
Xxxxxxxxxxx Xxxxxxxxxxx, XXX
(x/x/x Xxxxxx Xxxxxxxxx
LLC)
|
N/A
|
00
Xxxxxxxxxx Xxxxx, Xxxxxxxxxxx, XX 00000
|
||
GUARANTORS
|
||||
Natural
Retail Group, Inc.
|
FL-4/11/95,
MD-11/24/93; MA-6/19/94;
|
Seabreeze Shopping Plaza, 00000
XX Xxx 00X, Xxxx
Xxxxxx, XX
|
||
Albert’s
Organics, Inc.
|
PA-1/16190;
NC-10/18/95; NJ-10/16/95; FL-10/13/95; DE-10/16/95; CO-11/6/01;
MN-7/14/05
|
000 Xxxxx Xxxxx, Xxxxxxxxxx, XX
00000; 000 Xxxxxxx
Xxx, Xxxxxx Xxxxx, XX 00000; 00000 Xxxx 00xx Xxx, Xxxxxx, XX
00000
|
Exhibit E
Amended
and Restated Exhibit E
EXHIBIT
E
BORROWERS
AND GUARANTORS
CAPITAL
STRUCTURE
#
of Shares
|
||||||
Class of
|
# of
Shares
|
# of Shares
|
Authorized
But
|
Shareholder/
|
Percentage
|
|
Company
|
Stock
|
Authorized
|
Outstanding
|
Un-issued
|
Member
|
Owned
|
BORROWERS
|
||||||
United
Natural Foods, Inc.
|
||||||
(Greater
than 5% Ownership)
|
||||||
(As
of 10/27/07)
|
Common
|
100,000,000
|
42,830,677*
|
57,169,323
|
FMR
Corp.
|
11.45%
|
ESOP
Trust
|
6.44%
|
|||||
Munder
Capital Mgmt. |
5.71%
|
|||||
Preferred
|
5,000,000
|
As
of December 12, 2003, 50,000 Preferred
Series A shares have been reserved
for issuance under the Rights
Agreement dated February 22, 2000,
but have not been issued as of the
date hereof.
|
5,000,000
|
N/A
|
||
UNITED
NATURAL FOODS WEST, INC.
(f/k/a Mountain People's Warehouse
Incorporated)
|
Common
|
100,000
|
1
|
99,999
|
UNFI
|
100%
|
United
Natural Trading Co. d/b/a Hershey
Imports Co.
|
Common
|
10,000
|
1,000
|
9,000
|
UNFI
|
100%
|
Springfield
Development LLC, (f/k/a
United Northeast LLC)
|
N/A
|
N/A
|
N/A
|
N/A
|
UNFI
|
100%
|
Distribution
Holdings, Inc.
|
Common
|
10,000
|
100
|
9,900
|
UNFI
|
100%
|
Millbrook
Distribution Services Inc.
|
Common
|
1,000
|
1,000
|
N/A
|
Distribution
Holdings, Inc. |
100%
|
GUARANTORS
|
||||||
Natural
Retail Group, Inc.
|
Common
|
10,000
|
1,000
|
9,000
|
UNFI
|
100%
|
Albert’s
Organics, Inc.
|
Voting
|
99,500
|
579.36
|
98,920.64
|
UNFI
|
100%
|
Non-Voting
|
500
|
500.00
|
||||
*
As of October 27, 2007
|
||||||
Exhibit
F
Amended and Restated Exhibit
F
EXHIBIT
F
ALTERNATE CORPORATE NAMES.
MERGERS
and STATE ID
#s
Alternate
Names:
Borrowers
1.
|
United
Natural Foods, Inc. ("UNF") was formerly known as Cornucopia Natural
Foods, Inc. and will continue to do business under the name Cornucopia
Natural Foods in the states of Connecticut, Georgia, Florida and
Pennsylvania.
|
UNF
purchased the assets of Blooming Prairie Cooperative Warehouse and does business
in the States of Iowa and North Dakota under the name "Blooming Prairie
Warehouse".
UNF
purchased all the assets of Select Nutrition Distributors, Inc. including all of
its stock, but subsequently merged this subsidiary up into UNF. UNF does
business in the States of CA, NY, DE and PA under the name "Select Nutrition
Distributors".
In the
State of Colorado, United Natural Foods, Inc. does business under the following
trade names:
Rainbow
Natural Foods Distributing, Ltd.
Rainbow Distributing, Ltd.
Rainbow Foods Distributing, Ltd.
Rainbow Distributing, Ltd.
Rainbow Foods Distributing, Ltd.
UNF is
the survivor by merger of the following subsidiaries:
Stow
Xxxxx, Inc.
Select Nutrition Distributors, Inc.
Select Nutrition Distributors, Inc.
2.
|
United
Natural Foods West, Inc. (f/k/a Mountain People's Warehouse Incorporated)
acquired substantially all of the assets of Shojin Natural Foods and does
business under the name Shojin Natural Foods in the State of
Hawaii.
|
United
Natural Foods West, Inc. is the survivor by merger of the following
subsidiaries:
NutraSource,
Inc.
Rainbow Natural Foods, Inc.
Rainbow Natural Foods, Inc.
3.
|
United
Natural Trading Co. acquired substantially all of the assets of Hershey
Import Co., Inc. and does business under the name Hershey Import Co.,
Inc.
|
4.
|
Albert's
Organics, Inc. purchased all assets of Roots & Fruits Cooperative and
does business in the State of Minnesota under the name Roots &
Fruits.
|
Guarantors
1.
|
Natural
Retail Group, Inc. ("NRG") uses or has used the following trade names in
the following states:
|
Florida:
Sunsplash
Market
Sunsplash
Natural Foods For Less
Mother
Earth Market
The
Granary
Natures
Finest Foods
Palm
Harbor Natural Foods
Massachusetts:
Sunsplash
Natural Foods For Less
Cape Cod
Natural Foods
Sprouts
Maryland:
Sunsplash
Natural Foods For Less
Railway
Market
Village
Natural Grocers
NRG also
acquired substantially all of the assets of the following Persons:
Village
Natural Grocers, Inc., a Maryland corporation;
Railway
Market, Inc., a Maryland corporation;
Down Home
Natural Foods, Inc., a Massachusetts corporation;
Sunsplash
Market, Inc., a Florida corporation;
Second
Nature of Gainesville, Inc., d/b/a Mother Earth Market, Xxxxxxxx Crossing Store,
Inc., d/b/a Mother Earth Market, Ocala Store, Inc., d/b/a Mother Earth Market,
Sarasota Store, Inc., d/b/a Mother Earth Market, Xxxxxxxx Point Store, Inc.,
d/b/a The Granary, North Tail Store, Inc., d/b/a The Granary, and Mother Earth
Market, Inc., all Florida corporations;
Natures
Finest Foods, lnc., a Florida corporation;
Xxxxxx
Management, Inc., a Florida corporation
d/b/a Palm Harbor Natural Foods
2.
|
Albert's
Organics, Inc. acquired substantially all of the assets of Source Organic,
Inc., a California corporation.
|
State ID
#s:
|
|||
BORROWERS:
|
|||
United
Natural Foods, Inc.
|
Delaware
|
2377138
|
Corporation
|
United
Natural Foods West, Inc.
|
California
|
C1657486
|
Corporation
|
United
Natural Trading Co. d/b/a
|
2852049
|
||
Hershey
Imports Co., Inc. (NJ)
|
Delaware
|
Corporation
|
|
Distribution
Holdings, Inc.
|
Delaware
|
4230723
|
Corporation
|
United
Northeast LLC
|
Delaware
|
3579704
|
Limited
Liability Company
|
Millbrook
Distribution Services Inc.
|
Delaware
|
2882792
|
Corporation
|
GUARANTORS:
|
|||
Natural
Retail Group, Inc.
|
Delaware
|
2345969
|
Corporation
|
Albert's
Organics, Inc.
|
California
|
C1326751
|
Corporation
|
Exhibit
F
Amended and Restated Exhibit
F
Exhibits
F H
BORROWERS
AND GUARANTORS
Corporate
Names EINs
Parent
|
State
of
|
Date
of
|
|||
Company
|
Chief
Executive Office
|
Company
|
Incorporation
|
Incorporation
|
EIN
|
BORROWERS
|
|||||
United
Natural Foods, Inc.
|
000
Xxxx Xxxx, Xxxxxxxx, XX 00000
|
N/A
|
Delaware
|
2/11/1994
|
05-0376157
|
United
Natural Foods West, Inc. (f/k/a Mountain People’s Warehouse
Incorporated)
|
0000
Xxxxxx Xxxxxxxxx, Xxxxxxx, XX 00000
|
United
Natural Foods, Inc.
|
California
|
1/16/1990
|
00-0000000
|
United
Natural Trading Co. d/b/a Hershey Imports Co., Inc.
|
00
Xxxxxxxxx Xxxxx, Xxxxxx, XX 00000
|
United
Natural Foods, Inc.
|
Delaware
|
1/28/1998
|
00-0000000
|
Distribution
Holdings, Inc.
|
000
Xxxx Xxxx, Xxxxxxxx, XX 00000
|
Xxxxxx
Natural Foods, Inc.
|
Delaware
|
10/5/2006
|
00-0000000
|
Millbrook
Distribution Services Inc.
|
00
Xxxxxxx Xxxxxxxx Xxx, Xxxxxxxxx, XX 00000
|
Distribution
Holdings, Inc.
|
Delaware
|
4/27/1998
|
41-0754020
|
Springfield
Development, LLC (f/k/a United Northeast LLC)
|
000
Xxxx Xxxx, Xxxxxxxx, XX 00000
|
United
Natural Foods, Inc.
|
Delaware
|
11/6/2002
|
00-0000000
|
GUARANTORS
|
|||||
Natural
Retail Group, Inc.
|
Seabreeze
Shopping Plaza, 00000 XX Xxx 00X, Xxxx Xxxxxx, XX
|
United
Natural Foods, Inc.
|
Delaware
|
8/2/1993
|
00-0000000
|
Albert’s
Organics, Inc.
|
0000
X. Xxxxxx Xxx, Xxxxxx, XX 00000
|
United
Natural Foods, Inc.
|
California
|
12/19/1984
|
00-0000000
|
There are no open tax matters for any of the Borrowers or Guarantors.
Exhibit
G
Amended and Restated Exhibit
G
EXHIBIT
G
GUARANTEES
UNF has
guaranteed the obligations of the ESOT under the Loan Agreement dated 11/1/88
between the ESOT and Xxxxxx Xxxxxxxx, Xxxxxx Xxxxxxxx, Xxxxxx Xxxxxx and
Xxxxxxxx Xxxxxxxx; original principal amount of the Note issued under the Loan
Agreement is $4,080,000.
Exhibit
H
Amended and Restated Exhibit
H
Exhibits
F H
BORROWERS
AND GUARANTORS
Corporate
Names EINs
Parent
|
State
of
|
Date
of
|
|||
Company
|
Chief
Executive Office
|
Company
|
Incorporation
|
Incorporation
|
EIN
|
BORROWERS
|
|||||
United
Natural Foods, Inc.
|
000
Xxxx Xxxx, Xxxxxxxx, XX 00000
|
N/A
|
Delaware
|
2/11/1994
|
05-0376157
|
United
Natural Foods West, Inc. (f/k/a Mountain People’s Warehouse
Incorporated)
|
0000
Xxxxxx Xxxxxxxxx, Xxxxxxx, XX 00000
|
United
Natural Foods, Inc.
|
California
|
1/16/1990
|
00-0000000
|
United
Natural Trading Co. d/b/a Hershey Imports Co., Inc.
|
00
Xxxxxxxxx Xxxxx, Xxxxxx, XX 00000
|
United
Natural Foods, Inc.
|
Delaware
|
1/28/1998
|
00-0000000
|
Distribution
Holdings, Inc.
|
000
Xxxx Xxxx, Xxxxxxxx, XX 00000
|
Xxxxxx
Natural Foods, Inc.
|
Delaware
|
10/5/2006
|
00-0000000
|
Millbrook
Distribution Services Inc.
|
00
Xxxxxxx Xxxxxxxx Xxx, Xxxxxxxxx, XX 00000
|
Distribution
Holdings, Inc.
|
Delaware
|
4/27/1998
|
41-0754020
|
Springfield
Development, LLC (f/k/a United Northeast LLC)
|
000
Xxxx Xxxx, Xxxxxxxx, XX 00000
|
United
Natural Foods, Inc.
|
Delaware
|
11/6/2002
|
00-0000000
|
GUARANTORS
|
|||||
Natural
Retail Group, Inc.
|
Seabreeze
Shopping Plaza, 00000 XX Xxx 00X, Xxxx Xxxxxx, XX
|
United
Natural Foods, Inc.
|
Delaware
|
8/2/1993
|
00-0000000
|
Albert’s
Organics, Inc.
|
0000
X. Xxxxxx Xxx, Xxxxxx, XX 00000
|
United
Natural Foods, Inc.
|
California
|
12/19/1984
|
00-0000000
|
There are no open tax matters for any of the Borrowers or Guarantors.
Exhibit
I
Amended and Restated Exhibit
I
Schedule
3.17
Exhibit
J
Amended and Restated Exhibit
J
EXHIBIT
J
CONTRACTS
RESTRICTING BORROWERS’ RIGHT TO INCUR
DEBTS
Contracts
that restrict the right of Borrowers to incur Indebtedness:
Title
of Contract
|
Identity
of Parties
|
Nature
of
Restriction
|
Term
of
Contract
|
|
Amended
and Restated Loan and Security Agreement
dated as of April
30, 2004, as amended
|
UNF
and Subsidiaries
and Bank
of America, N.A.,
et al.
|
|||
Mortgage
Loan dated April
28, 2003, as amended
|
UNF
and Subsidiaries
and Bank
of America, N.A.
|
Exhibit
K
Amended and Restated Exhibit
K
EXHIBIT
K
BORROWERS AND GUARANTORS
LITIGATION MATTERS
BORROWERS AND GUARANTORS
LITIGATION MATTERS
None
Exhibit
N
Amended and Restated Exhibit
N
EXHIBIT
N
PENSION
PLANS
1. United Natural Foods, Inc. Employee Stock
Ownership Plan (the "ESOP").
The
following subsidiaries of UNF are currently participants in this
plan:
|
·
|
Albert's
Organics, Inc.
|
|
·
|
Natural
Retail Group, Inc.
|
|
·
|
Millbrook
Distribution Services, Inc., a wholly-owned subsidiary of Distribution
Holding, Inc. - effective November 2, 2007
|
|
·
|
United
Natural Foods West, Inc.
|
|
·
|
United
Natural Trading Co., Inc.
|
2. United Natural Foods, Inc. Retirement
Plan
The
following subsidiaries of UNF are currently participants in this
plan:
|
·
|
Albert's
Organics, Inc.
|
|
·
|
Natural
Retail Group, Inc.
|
|
·
|
United
Natural Foods West, Inc.
|
|
·
|
United
Natural Trading Co., Inc.
|
3. Millbrook Distribution Services Inc.,
Retirement Plan
The
following subsidiaries of UNF are currently participants in this
plan:
|
·
|
Millbrook
Distribution Services, Inc., a wholly-owned subsidiary of Distribution
Holding, Inc. -
participation by all employees other than those covered by a
collective bargaining agreement for which retirement benefits have been
the subject of good faith
negotiations.
|
4. Millbrook Distribution Services Inc. Union
Retirement Plan
The following subsidiaries of UNF are currently participants in this plan:
|
·
|
Millbrook
Distribution Services, Inc., a wholly-owned subsidiary of Distribution
Holding, Inc. -
participation by all employees in Teamsters Local 802.
|
Exhibit
O
Amended and Restated Exhibit
O
EXHIBIT
O
Labor
Contracts
1.
|
United
Natural Foods West, Inc. is party to a collective bargaining agreement
with Driver Sales and Warehouse Local Union No. 117 for the employees of
the Auburn, WA facility.
|
2.
|
United
Natural Trading Co., Inc. is party to a collective bargaining agreement
with the Teamsters Local 810 for the employees of the former Hershey
Import Co., Inc. in Edison, NJ.
|
3.
|
United
Natural Foods, Inc. is party to a collective bargaining agreement with the
Chauffeurs, Teamsters and Helpers Local Union No. 238 affiliated with the
International Brotherhood of Teamsters for the employees of the Iowa City,
IA facility.
|
4.
|
Millbrook
Distribution Services, Inc. is party to a collective bargaining agreement
with the Teamsters Local Union No. 802 affiliated with the International
Brotherhood of Teamsters, AFL-CIO for the employees of the East Brunswick,
NJ facility.
|
5.
|
Millbrook
Distribution Services, Inc. is party to a collective bargaining agreement
with the Truck Drivers Union, Local No. 170 affiliated with the
International Brotherhood of Teamsters, for the drivers at the Leicester,
MA facility.
|
Exhibit
Q
Amended and Restated Exhibit
Q
EXHIBIT
Q
BORROWERS
AND GUARANTORS
PERMITTED
LIENS
A
|
B
|
C
|
D
|
E
|
F
|
Company
|
Secured
Party
|
State
|
File
#
|
File
Date
|
Collateral
Description
|
BORROWERS
|
|||||
United
Natural Foods, Inc.
|
Citizens
Leasing Corporation
|
DE
|
20115455
|
12/11/2001
|
Equipment
lease filing
|
IOS
Capital, LLC
|
DE
|
23089061
|
12/11/2002
|
Equipment
lease filing
|
|
Citizens
Leasing Corporation
|
DE
|
30195142
|
1/6/2003
|
Equipment
lease filing
|
|
IOS
Capital, LLC
|
DE
|
31230856
|
5/14/2003
|
Equipment
lease filing
|
|
Mellon
US Leasing, a Division of Mellon Leasing Corporation
|
DE
|
40523649
|
2/25/2004
|
In
Lieu filing - Equipment lease filing
|
|
IOS
Capital
|
DE
|
40597908
|
2/26/2004
|
Equipment
lease filing
|
|
Mellon
US Leasing, a Division of Mellon Leasing Corporation
|
DE
|
41072976
|
4/1/2004
|
In
Lieu filing - Equipment lease filing
|
|
Mellon
US Leasing, a Division of Mellon Leasing Corporation
|
DE
|
41353095
|
4/28/2004
|
In
Lieu filing - Equipment lease filing
|
|
Bankers/Softech
Divisions of EAB Leasing Corp.
|
DE
|
50387465
|
1/31/2005
|
In
Lieu filing - Equipment lease filing
|
|
United
Rentals, Inc.
|
DE
|
50855289
|
3/17/2005
|
Skyjack
scissor lift
|
|
Mellon
US Leasing, a Division of Mellon Leasing Corporation
|
DE
|
51263228
|
4/25/2005
|
In
Lieu filing - Equipment lease filing
|
|
IOS
Capital
|
DE
|
52082254
|
7/7/2005
|
Equipment
lease filing
|
|
United
Rentals North America, Inc.
|
DE
|
60298653
|
1/25/2006
|
1
JLG Scissor
|
|
IOS
Capital
|
DE
|
63687142
|
10/24/2006
|
Equipment
lease filing
|
|
IKON
Financial Services
|
DE
|
20073021754
|
8/9/2007
|
Equipment
lease filing
|
|
IKON
Financial Services
|
DE
|
20074212980
|
11/6/2007
|
Equipment
lease filing
|
|
Mountain
People's Warehouse Inc.
|
Bankers/Softech
Divisions of EAB Leasing Corp.
|
CA
|
20960281
|
7/24/2000
|
Equipment
lease filing
|
Millbrook
Distribution Services Inc.
|
IOS
Capital, LLC
|
DE
|
30351224
|
2/10/2003
|
Equipment
lease filing
|
IOS
Capital, LLC
|
DE
|
30351315
|
2/10/2003
|
Equipment
lease filing
|
|
IBM
Credit LLC
|
DE
|
40297400
|
1/12/2004
|
IBM
equipment and software lease filing
|
|
IBM
Credit LLC
|
DE
|
53453736
|
11/7/2005
|
IBM
equipment and software lease filing
|
|
IBM
Credit LLC
|
DE
|
53768547
|
12/6/2005
|
IBM
equipment and software lease filing
|
EXHIBIT
Q
BORROWERS
AND GUARANTORS
PERMITTED
LIENS
A
|
B
|
C
|
D
|
E
|
F
|
Citicorp
Vendor Finance, Inc.
|
DE
|
61127539
|
4/4/2006
|
Dell
computer equipment lease filing
|
|
Crown
Credit Company
|
DE
|
71828267
|
5/15/2007
|
Equipment
lease filing
|
|
CIT
Technology Financing Services I, LLC
|
DE
|
72199338
|
5/31/2007
|
Equipment
lease filing
|
|
GUARANTORS
|
|||||
Albert’s
Organics, Inc.
|
Crown
Credit Company
|
CA
|
233860400
|
12/2/2002
|
Crown
Lift Trucks & batteries
|
Crown
Credit Company
|
CA
|
309860202
|
4/4/2003
|
Crown
Lift Trucks
|
|
Agquest
Financial Services, Inc.
|
CA
|
05-0000000000
|
8/10/2005
|
Equipment
filing
|
|
Exhibit
S
Amended and Restated Exhibit
S
EXHIBIT
S
AFFILIATE
TRANSACTIONS
None
Exhibit
V
Amended and Restated Exhibit
V
EXHIBIT
V
BORROWERS
AND GUARNATORS
BANK
ACCOUNTS
A
|
B
|
D
|
E
|
UNF
and Subsidiaries - Bank Account Information
|
|||
Bank
|
Account
|
Account
|
|
Company
|
Name
|
Type
|
Number
|
United
Natural Foods, Inc.
|
Bank
of America
|
Deposit
|
3756601608
|
Bank
of America
|
Deposit
|
3756636547
|
|
Bank
of America
|
Controlled
Disbursements
|
3299119737
|
|
Bank
of America
|
Payroll
|
3756680603
|
|
Bank
of America
|
Payroll
|
3756626531
|
|
Bank
of America
|
Payroll
|
3756680616
|
|
Bank
of America
|
Deposit
|
9429227241
|
|
Granite
Bank
|
Payroll
|
602001915
|
|
M&T
Bank
|
Payroll
|
0000000
|
|
United
Natural Foods West
|
Bank
of America
|
Lockbox
Deposits
|
1489202350
|
Bank
of America
|
Payroll
|
1123803509
|
|
Bank
of America
|
Controlled
Disbursements
|
3299819898
|
|
Albert's
Organics, Inc.
|
Bank
of America
|
Deposit
|
3756636534
|
Bank
of America
|
Controlled
Disbursements
|
3299119950
|
|
Bank
of America
|
Payroll
|
3756616965
|
|
Coast
Commercial Bank
|
Business
Checking/Main
|
2017997
|
|
Hershey
Import Company
|
Bank
of America
|
Deposit
|
3756636576
|
Bank
of America
|
Controlled
Disbursements
|
3299124984
|
|
Bank
of America
|
Payroll
|
3756636563
|
|
Natural
Retail Group
|
Bank
of America
|
Deposit
|
3756636550
|
Bank
of America
|
Controlled
Disbursements
|
3299119745
|
|
Bank
of America
|
Payroll
|
3756626544
|
|
Bank
of America
|
Deposit
|
3756645936
|
|
Bank
of America
|
Deposit
|
3756645949
|
|
Bank
of America
|
Deposit
|
3756645952
|
|
Bank
of America
|
Deposit
|
3756645965
|
|
Bank
of America
|
Deposit
|
3756645978
|
|
Bank
of America
|
Deposit
|
3756645978
|
|
Bank
of America
|
Deposit
|
3756645994
|
|
Bank
of America
|
Deposit
|
3756646003
|
|
Bank
of America
|
Deposit
|
3756646016
|
|
Bank
of America
|
Deposit
|
3756646029
|
|
Bank
of America
|
Deposit
|
3756646032
|
|
Bank
of America
|
Deposit
|
3756646045
|
|
Bank
of America
|
Deposit
|
3756645923
|
|
Millbrook
Distribution Services, Inc
|
XX
Xxxxxx Xxxxx
|
Checking
Account
|
114-636419
|
XX
Xxxxxx Xxxxx
|
Xxxxxxxxxxxxx
|
0000-000000-000
|
|
XX
Xxxxxx Xxxxx
|
Deposit
|
801-501954
|
|
XX
Xxxxxx Chase
|
Deposit
|
801-808154
|
|
XX
Xxxxxx Xxxxx
|
Payroll
|
114-636192
|
|
Bank
of America
|
Checking
Account
|
00-0000-0000
|
|
Bank
of America
|
Payroll
|
3750969223
|
|
Bank
of America
|
Deposit
|
3750969236
|
|
Bank
of America
|
Funding
|
3750969249
|
|
Bank
of America
|
Controlled
Disbursement
|
3299925802
|
|
Bank
of America
|
Payroll
|
3299925810
|
|
Bank
of America
|
Deposit
Transfer
|
3750204069
|
|
PNC
Bank
|
Checking
|
000-000-0000
|
|
PNC
Bank
|
Checking
Account
|
00-0000-0000
|