AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT
Exhibit 10.25
AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT
This Amendment No. 2 to Amended and Restated Fee and Reimbursement Agreement (“Amendment”) is entered into as of April 7, 2014 by Freshpet, Inc., a Delaware corporation (formerly known as Xxxxxxxxx Xxxxxx’x, Inc.) (the “Company”) and each of the other parties hereto. Capitalized terms used in this Amendment without separate definition shall have the respective meanings assigned to them in the Amended Fee Agreement (as defined below).
R E C I T A L S
A. WHEREAS, on April 15, 2013 the Original Credit Agreement was amended and restated to provide that the lenders increased the revolving loan facility to a maximum amount of $60 million (as amended, restated, supplemented, refinanced, replaced or otherwise modified and in effect from time to time, the “Credit Agreement”).
B. WHEREAS, to induce OneWest to enter into the Credit Agreement, MidOcean, certain of the FPI Guarantors and each of the Other Guarantors entered into (i) in the case of MidOcean, a First Amendment to the Equity Contribution Agreement and (ii) in the case of the FPI Guarantors and the Other Guarantors, an Amendment to Guarantee and Reaffirmation to reconfirm the Original Guarantee of such Person and increase the amount of such Person’s guarantee to reflect the increase in the Company’s maximum borrowing from $45 million to $60 million (the Original Guarantees, as amended, the “Guarantees”), each in an amount not to exceed the amount set forth under the heading “Amended Guarantee Amount” on Annex 1 hereto.
C. WHEREAS, in connection with entering into the Guarantors, the Guarantors and the Company entered into an Amended and Restated Fee and Reimbursement Agreement dated as of April 15, 2013 (the “Amended Fee Agreement”);
D. WHEREAS, the Company now desire to enter into the Fourth Amendment to the Credit Agreement (the “Fourth Amended Credit Agreement”) to increase the revolving loan facility to the maximum principal amount of $70 million;
E. WHEREAS, the parties hereto now desire to amend further Annex 1 to the Amended Fee Agreement to reflect the liability among each of such Guarantors under the Credit Agreement; it being understood and agreed that the rights and obligations of any Guarantor not a party to this Amendment shall not be modified by this Amendment.
NOW, THEREFORE, in consideration of the foregoing and the following covenants and agreements the parties hereby agree as follows:
1. Fee. The parties hereto agree that Total Obligations will be calculated as follows: (x) the Initial Guarantee Amount from and after the date that such Guarantor entered into the Guarantee through the date ending April 14, 2013 and (y) the Amended Guarantee Amount beginning on April 15, 2013, as adjusted effective September 30, 2013 to give effect to the Second Amended Guarantee Amount, through the date ending the day prior to the effective date of the Fourth Amended Credit Amendment and (z) the Third Amended Guarantee Amount
beginning as of the effective date of the Fourth Amended Credit Agreement; provided, that the Total Obligations with respect to each Guarantor as of any date of determination in which there has been a reduction or termination of the obligation of such Guarantor hereunder shall be the weighted average of the amounts set forth opposite such Guarantor’s name based on the number of days elapsed in such quarter (or portion thereof) prior to and after the amendment of Annex I to reflect such reduction or termination of the obligations of such Guarantor hereunder.
2. Amendment to Annex 1. Annex 1 to the Amended Fee Agreement hereby is amended by modifying the Guarantee Amount for the parties identified on the Amendment to Annex I; it being agreed that the Guarantee Amount of any other Guarantor shall be unaffected by such amendment.
3. Effect of Amendment. The parties hereto agree that except as otherwise set forth herein, all terms of the Amended Fee Agreement shall remain in full force and effect. In the event of any inconsistency or conflict between the Amended Fee Agreement and this Amendment, the terms, conditions and provisions of this Amendment shall govern and control.
4. Entire Agreement. This Amendment and the Amended Fee Agreement, including the Exhibits, Schedules and other documents referred to therein which form a part thereof, contain the entire understanding of the parties hereto with respect to the subject matter contained herein and therein. From and after the execution of a counterpart hereof by the parties hereto, any reference to the Amended Fee Agreement shall be deemed to be a reference to the Amended Fee Agreement as amended hereby.
5. Governing Law. The interpretation and construction of this Amendment and all matters relating hereto, shall be governed by the laws of the State of New York applicable to contracts made and to be performed entirely within the State of New York, without giving effect to any conflict of law provisions thereof.
6. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall constitute an original, and all of which taken together shall constitute one instrument. Any signature page delivered by a facsimile machine shall be binding to the same extent as an original signature page.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, the parties hereto have entered into this Amendment No. 1 to Amended and Restated Fee and Reimbursement Agreement as of the date first written above.
| FRESHPET, INC. | ||
| By: | /s/ Xxxxxxx Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | President and Chief Financial Officer | |
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| MIDOCEAN PARTNERS III, L.P. | ||
| By: | MidOcean Associates, for and on behalf of its Segregated Portfolio, MidOcean Partners Segregated Portfolio III | |
| By: | /s/ Xxxxxx Spring | |
| Name: | Xxxxxx Spring | |
| Title: | Managing Director | |
| MIDOCEAN PARTNERS III-A, L.P. | ||
| By: | MidOcean Associates, for and on behalf of its Segregated Portfolio, MidOcean Partners Segregated Portfolio III | |
| By: | /s/ Xxxxxx Spring | |
| Name: | Xxxxxx Spring | |
| Title: | Managing Director | |
| MIDOCEAN PARTNERS III-D, L.P. | ||
| By: | MidOcean Associates, for and on behalf of its Segregated Portfolio, MidOcean Partners Segregated Portfolio III | |
| By: | /s/ Xxxxxx Spring | |
| Name: | Xxxxxx Spring | |
| Title: | Managing Director | |
| Address: |
| 000 Xxxx Xxxxxx, 00xx Xxxxx Xxx Xxxx, XX 00000 Attn: Xxxxxxxx Xxxxxx |
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX XXXXXX |
| /s/ Xxxxxxx Xxxxxx |
| Xxxxxxx Xxxxxx |
| Address: |
| 000 Xxxx Xxx Xxxxxx, Xxx. 0X |
| Xxx Xxxx, XX 00000 |
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX X. XXXXXXXX |
| /s/ Xxxxxxx X. Xxxxxxxx |
| Xxxxxxx X. Xxxxxxxx |
| Address: |
| 000 Xxxxxx Xxxx Xxxx |
| Xxxxxxxxxxx, XX 00000 |
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX AND XXXXXXX XXXXX LIVING TRUST U/T/D 1/14/99 | ||
| Xxxxxxx and Xxxxxxx Xxxxx Living Trust u/t/d 1/14/99 | ||
| By: | /s/ Xxxxxxx X. Xxxxx | |
| Xxxxxxx X. Xxxxx, Trustee | ||
| By: | /s/ Xxxxxxx X. Xxxxx | |
| Xxxxxxx X. Xxxxx, Trustee | ||
| Address: | ||
| 0000 Xxxxxx xx Xxx Xxxxx | ||
| 0xx Xxxxx | ||
| Xxx Xxxxxxx, XX 00000 | ||
| FOR PURPOSES OF SECTION 5 OF THE AMENDED FEE AGREEMENT: |
| XXXXXXX X. XXXXX |
| /s/ Xxxxxxx X. Xxxxx |
| Xxxxxxx X. Xxxxx |
| Address: |
| 0000 Xxxxxx xx Xxx Xxxxx |
| 0xx Xxxxx |
| Xxx Xxxxxxx, XX 00000 |
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXX TRUST DTD 6/18/02 | ||
| By: | /s/ Xxxxxxx X. Xxxxxx | |
| Xxxxxxx X. Xxxxxx, Trustee | ||
| By: | /s/ Xxxxxxxx X. Xxxxxx | |
| Xxxxxxxx X. Xxxxxx, Trustee | ||
| Address: | ||
| 000 Xxxxxxx Xxxxxx Xxx Xxxxxxx, XX 00000 | ||
| FOR PURPOSES OF SECTION 4 OF THE AMENDED FEE AGREEMENT: |
| FRESHPET INVESTORS, LLC |
| By: | /s/ Xxxxxxx Xxxxxx | |
| Name: | Xxxxxxx Xxxxxx | |
| Title: | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX XXXXXXX | ||
| /s/ Xxxxxxx Xxxxxxx |
| |
| Xxxxxxx Xxxxxxx | ||
| Address: | ||
| 000 Xxxxxxx Xxx., 00xx Xx | ||
| Xxx Xxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXXXX TRUST UNDER AGREEMENT DATED SEPTEMBER 14, 2000 | ||
| Xxxxxxxxx Trust Under Agreement Dated September 14, 2000 | ||
| /s/ Xxxxxxx X. Xxxxxxxxx | ||
| Xxxxxxx X. Xxxxxxxxx, as Trustee | ||
| /s/ Xxxxxxxx Xxxxxxxxx | ||
| Xxxxxxxx Xxxxxxxxx, as Trustee | ||
| Address: | ||
| 000 Xxxx Xxxx | ||
| Xxxxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXX X. XXXXXXXXXX | ||
| /s/ Xxxxx X. Xxxxxxxxxx |
||
| Xxxxx X. Xxxxxxxxxx | ||
| Address: | ||
| 000 Xxxxxxxxx Xxxx | ||
| Xxxxxxx Xxxxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXX FAMILY TRUST | ||
| Xxxx Family Trust | ||
| By: | /s/ Xxxx Xxxx | |
| Xxxx Xxxx, Trustee | ||
| By: | /s/ Xxxxxx Xxxx | |
| Xxxxxx Xxxx, Trustee | ||
| Address: | ||
| 000 Xxxxxxxx | ||
| Xxxxx 0000 | ||
| Xxxxx Xxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXX XXXXX | ||
| /s/ Xxxxx Xxxxx |
||
| Xxxxx Xxxxx | ||
| Address: | ||
| 00 Xxxxxx Xxxx | ||
| Xxxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| TRUST FBO XXXXX XXXXX | ||
| Trust fbo Xxxxx Xxxxx | ||
| By: | /s/ Xxxxxxxx Xxxxx | |
| Xxxxxxxx Xxxxx, Trustee | ||
| Address: | ||
| 00 Xxxxxx Xxxx | ||
| Xxxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| TRUST U/W/O XXXXXX X. XXXXX | ||
| Trust u/w/o Xxxxxx X. Xxxxx | ||
| By: | /s/ Xxxxx X. Xxxxx | |
| Xxxxx X. Xxxxx, Trustee | ||
| Address: | ||
| 00 Xxxxxx Xxxx | ||
| Xxxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| TRUST FBO XXXXX XXXXX | ||
| Trust fbo Xxxxx Xxxxx | ||
| By: | /s/ Xxxxxxxx Xxxxx | |
| Xxxxxxxx Xxxxx, Trustee | ||
| Address: | ||
| 00 Xxxxxx Xxxx | ||
| Xxxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXX XXXXXXXX TRUST DTD 12/9/91 | ||
| Xxxxx Xxxxxxxx Trust dtd 12/9/91 | ||
| By: | /s/ Xxxxx X. Xxxxxxxx | |
| Xxxxx X. Xxxxxxxx, Trustee | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX XXXXXXX | ||
| /s/ Xxxxxxx Xxxxxxx |
||
| Xxxxxxx Xxxxxxx | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXX X. XXXXXX | ||
| /s/ Xxxxx X. Xxxxxx |
||
| Xxxxx X. Xxxxxx | ||
| Address: | ||
| 0000 Xxxxxxxxx Xxxx | ||
| Xxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXXX XXXXXXXX DTD 2/5/91 | ||
| Xxxxxxxx Xxxxxxxx dtd 2/5/91 | ||
| By: | /s/ Xxxxxxxx Xxxxxxxx | |
| Xxxxxxxx Xxxxxxxx, Trustee | ||
| Address: | ||
| 000 Xxxxxx Xxx | ||
| Xxx Xxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXX X. XXXXXXX AND XXXXXXXXX X. XXXXX 1998 TRUST DTD 6/25/98 | ||
| Xxxxx X. Xxxxxxx and Xxxxxxxxx X. Xxxxx 1998 Trust dtd 6/25/98 | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Trustee | |
| Address: | ||
| 000 Xxxxxx Xxx. | ||
| Xxx Xxxxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX X. XXXXXX | ||
| /s/ Xxxxxxx X. Xxxxxx |
||
| Xxxxxxx X. Xxxxxx | ||
| Address: | ||
| 0000 Xxxxx Xxxxxx | ||
| Xxx Xxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| THE LIEBERTHAL TRUST DTD 3/23/99 | ||
| The Lieberthal Trust dtd 3/23/99 | ||
| By: | /s/ Xxxx X. Xxxxxxxxxx | |
| Xxxx X. Xxxxxxxxxx, Trustee | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXX & XXXXXX XXXXXXX LIVING TRUST DTD 5/30/07 | ||
| Xxxxxx & Xxxxxx Xxxxxxx Living Trust dtd 5/30/07 | ||
| By: | /s/ Xxxxxx X. Xxxxxxx | |
| Xxxxxx X. Xxxxxxx, Trustee | ||
| Name: | /s/ Xxxxxx X. Xxxxxxx | |
| Xxxxxx X. Xxxxxxx | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX LIVING TRUST DTD 7/22/91 | ||
| Xxxxxxx Living Trust dtd 7/22/91 | ||
| By: | /s/ Xxxxx X. Xxxxxxx | |
| Xxxxx X. Xxxxxxx, Trustee | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Xxxxx Xxxxxxx, Trustee | ||
| Address: | ||
| 000 Xxxxxxx Xxxx | ||
| Xxx Xxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX X. XXXXXXXXX | ||
| /s/ Xxxxxxx X. Xxxxxxxxx |
||
| Xxxxxxx X. Xxxxxxxxx |
||
| Address: |
||
| 0 Xxxxxxxx Xxxx | ||
| Xxxxxxxxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXXX X. XXXXX | ||
| /s/ Xxxxxxxx X. Xxxxx |
||
| Xxxxxxxx X. Xxxxx | ||
| Address: | ||
| 00 Xxxx 00xx Xxxxxx, # 00 | ||
| Xxx Xxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXX-XXXXXXXXX LIVING TRUST DTD 11/17/1989 | ||
| Xxxxxx-Xxxxxxxxx Living Trust dtd 11/17/1989 | ||
| By: | /s/ Xxxxx X. Xxxxxx | |
| Xxxxx X. Xxxxxx, Trustee | ||
| By: | /s/ Xxxxxxx X. Xxxxxxxxx | |
| Xxxxxxx X. Xxxxxxxxx | ||
| Address: | ||
| 00000 Xxxxxxxxx Xxx | ||
| Xxx Xxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX X. & XXXX X. XXXXX FAMILY TRUST DTD 5/1/97 | ||
| Xxxxxxx X. & Xxxx X. Xxxxx Family Trust dtd 5/1/97 | ||
| By: | /s/ Xxxxxxx X. Xxxxx | |
| Xxxxxxx X. Xxxxx, Trustee | ||
| By: | /s/ Xxxx X. Xxxxx | |
| Xxxx X. Xxxxx, Trustee | ||
| Address: | ||
| 00000 Xxxx Xxxxxxxxx Xxxxx | ||
| Xxxxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| SASQUA FIELDS PARTNERS, LLC | ||
| a Delaware limited liability company | ||
| By: | /s/ Xxxxx X. Xxxxx | |
| Name: |
Xxxxx X. Xxxxx, as a Managing Director | |
| By: | /s/ Xxxxx X. Xxxxxxx | |
| Name: |
Xxxxx X. Xxxxxxx, as a Managing Director | |
| Address: | ||
| c/o Sasqua Fields Management LLC | ||
| 000 Xxxx Xxxxxx, X.X. Xxx 000 | ||
| Xxxxxxxxx, XX 00000-0000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX LIVING TRUST DTD 2/11/04 | ||
| Xxxxxxx X. & Xxxx X. Xxxxx Family Trust dtd 5/1/97 | ||
| By: | /s/ Xxxxx Xxxxxxx | |
| Name: | Xxxxx Xxxxxxx | |
| Title: | Trustee | |
| By: | /s/ Xxxxxxxx Xxxxxx | |
| Name: | Xxxxxxxx Xxxxxx | |
| Title: | Trustee | |
| Address: | ||
| 00000 Xxxxxxx Xxxxx | ||
| Xxx Xxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXX FAMILY INVESTMENT, LP | ||
| a Delaware limited partnership | ||
| By: | /s/ Xxxxx X. Xxxxxx | |
| Name: | Xxxxx X. Xxxxxx | |
| Title: a General Partner | ||
| By: | /s/ Xxxx Xxxxxx | |
| Name: |
Xxxx Xxxxxx | |
| Title: a General Partner | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX X. XXXXXXX | ||
| /s/ Xxxxxxx X. Xxxxxxx |
||
| Xxxxxxx X. Xxxxxxx | ||
| Address: | ||
| 0000 X. Xxxxxxxxx | ||
| Xxxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXX XXXXXX | ||
| /s/ Xxxxx Xxxxxx |
||
| Xxxxx Xxxxxx | ||
| Address: | ||
| 0000 Xxxxxxx Xxxxxx | ||
| Xxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXX X. XXXXXXX | ||
| /s/ Xxxxxx X. Xxxxxxx |
||
| Xxxxxx X. Xxxxxxx | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXXXXX XXXXX XXXXXXX | ||
| /s/ Xxxxxxx Xxxxx Xxxxxxx |
||
| Xxxxxxx Xxxxx Xxxxxxx | ||
| Address: | ||
| 000 Xxxxx X | ||
| Xxxxxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| XXXX XXXX AND XXXXXXXX XXXXXX JTWROS | ||
| Xxxx Xxxx and Xxxxxxxx Xxxxxx JTWROS | ||
| By: | /s/ Xxxx Xxxx /s/ Xxxxxxxx Xxxxxx | |
| Name: | Xxxx Xxxx Xxxxxxxx Xxxxxx | |
| Title: | ||
| Address: | ||
| 00 Xxxxxxx Xxxx | ||
| Xxxxx Xxxx, XX 00000 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
Annex I
| Guarantor |
Initial Guarantee Amount |
Initial Pro-Rata Percentage1 |
Additional Obligation |
Amended Guarantee Amount |
Amended Pro-Rata Percentage2 |
Second Amended Guarantee Amount |
Second Amended Pro-Rata Percentage3 |
Third Amended Guarantee Amount |
Third Amended Pro-Rata Percentage4 |
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| MidOcean Partners III, L.P. |
$ | 12,988,500 | 32.47 | % | 6,493,099.70 | 19,481,599.70 | 32.47 | $ | 19,543,446.05 | 32.57 | % | $ | 20,316,525.40 | 32.51 | % | |||||||||||||||||||||
| MidOcean Partners III-A, L.P. |
$ | 6,904,800 | 17.26 | % | 3,452,394.60 | 10,357,194.60 | 17.26 | $ | 10,390,074.58 | 17.32 | % | $ | 10,801,074.37 | 17.28 | % | |||||||||||||||||||||
| MidOcean Partners III-D, L.P |
$ | 1,106,700 | 2.77 | % | 554,505.70 | 1,661,205.70 | 2.77 | $ | 1,666,479.37 | 2.78 | % | $ | 1,732,400.23 | 2.77 | % | |||||||||||||||||||||
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| Mid Ocean Sub-Total |
$ | 21,000,000 | 52.5 | % | 31,500,000 | 52.5 | % | $ | 31,600,000 | 52.67 | % | $ | 32,850,000 | 52.56 | % | |||||||||||||||||||||
| Xxxx Xxxxxx |
$ | 400,000 | 1.00 | % | 200,000 | 600,000 | 1.00 | $ | 700,000 | 1.17 | % | $ | 741,750.00 | 1.19 | % | |||||||||||||||||||||
| Xxxxxxx Xxxxxxxx |
$ | 600,000 | 1.50 | % | — | 600,000 | 1.00 | $ | 300,000 | 0.50 | % | $ | 300,000 | 0.48 | % | |||||||||||||||||||||
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| Management Sub-Total |
$ | 1,000,000 | 2.50 | % | 1,500,000 | 2.00 | % | $ | 1,000,000 | 1.67 | % | $ | 1,041,750 | 1.67 | % | |||||||||||||||||||||
| Xxxxxxx and Xxxxxxx Xxxxx Living Trust u/t/d 1/14/99 |
$ | 5,032,286 | 12.58 | 2,516,139 | 7,548,425 | 12.58 | $ | 7,869,926 | 12.59 | % | ||||||||||||||||||||||||||
| Xxxxxx Trust dtd 6/18/02 |
$ | 2,677,730 | 6.69 | 1,338,865 | 4,016,595 | 6.69 | $ | 4,116,595 | 6.86 | % | $ | 4,287,670 | 6.86 | % | ||||||||||||||||||||||
| Xxxxxxx Xxxxxxx & TGI Holdings, LLC |
$ | 1,373,795 | 3.43 | 686,898 | 2,060,693 | 3.43 | $ | 2,155,047 | 3.45 | % | ||||||||||||||||||||||||||
| Xxxxxxxxx rust dtd 9/14/00 |
$ | 1,200,000 | 3.00 | 900,000 | 2,100,000 | 3.50 | $ | 2,196,154 | 3.51 | % | ||||||||||||||||||||||||||
| Xxxxx X. Xxxxxxxxxx |
$ | 1,000,000 | 2.50 | 500,000 | 1,500,000 | 2.50 | $ | 1,563,888 | 2.50 | % | ||||||||||||||||||||||||||
| Xxxx Family Trust |
$ | 892,029 | 2.23 | 446,015 | 1,338,044 | 2.23 | $ | 1,399,310 | 2.24 | % | ||||||||||||||||||||||||||
| Xxxxx Xxxxx, Trust fbo Xxxxx Xxxxx, Trust u/w/o Xxxxxx X. Xxxxx, Trust fbo Xxxxx Xxxxx |
$ | 887,779 | 2.22 | 443,890 | 1,331,669 | 2.22 | $ | 1,392,643 | 2.23 | % | ||||||||||||||||||||||||||
| Xxxxx Xxxxxxxx Trust dtd 12/9/91 |
$ | 662,056 | 1.66 | 331,028 | 993,084 | 1.66 | $ | 1,038,555 | 1.66 | % | ||||||||||||||||||||||||||
| Xxxxxxx Xxxxxxx |
$ | 552,780 | 1.38 | 276,390 | 829,170 | 1.38 | $ | 867,136 | 1.39 | % | ||||||||||||||||||||||||||
| Xxxxx X. Xxxxxx |
$ | 547,300 | 1.37 | 273,650 | 820,950 | 1.37 | $ | 858,539 | 1.37 | % | ||||||||||||||||||||||||||
| Xxxxxxxx Xxxxxxxx dtd 2/5/91 |
$ | 492,250 | 1.23 | 246,125 | 738,375 | 1.23 | $ | 772,183 | 1.24 | % | ||||||||||||||||||||||||||
| Xxxxx X. Xxxxxxx and Xxxxxxxxx X. Xxxxx 1998 Trust dtd 6/25/98 |
$ | 419,410 | 1.05 | 209,705 | 629,115 | 1.05 | $ | 657,921 | 1.05 | % | ||||||||||||||||||||||||||
| Xxxxxxx X. Xxxxxx |
$ | 355,188 | 0.89 | 177,594 | 532,782 | 0.89 | $ | 557,177 | 0.89 | % | ||||||||||||||||||||||||||
| The Lieberthal Trust dtd 3/23/99 |
$ | 329,608 | 0.82 | 164,804 | 494,412 | 0.82 | $ | 517,050 | 0.83 | % | ||||||||||||||||||||||||||
| Xxxxxx & Xxxxxx Xxxxxxx Living Trust dtd 5/30/07 |
$ | 305,081 | 0.76 | 152,541 | 457,622 | 0.76 | $ | 478,575 | 0.77 | % | ||||||||||||||||||||||||||
| Xxxxxxx Living Trust dtd 7/22/91 |
$ | 250,000 | 0.63 | 125,000 | 375,000 | 0.63 | $ | 392,170 | 0.63 | % | ||||||||||||||||||||||||||
| Xxxxxxx X. Xxxxxxxxx |
$ | 150,374 | 0.38 | 75,187 | 225,561 | 0.38 | $ | 235,889 | 0.38 | % | ||||||||||||||||||||||||||
| Xxxxxxxx X. Xxxxx |
$ | 122,910 | 0.31 | 61,455 | 184,365 | 0.31 | $ | 192,807 | 0.31 | % | ||||||||||||||||||||||||||
| Xxxxxx-Xxxxxxxxx Living Trust dtd 11/17/1989 |
$ | 122,454 | 0.31 | 61,227 | 183,681 | 0.31 | $ | 192,091 | 0.31 | % | ||||||||||||||||||||||||||
| Xxxxxxx X. & Xxxx X. Xxxxx Family Trust dtd 5/1/97 |
$ | 112,427 | 0.28 | 56,214 | 168,641 | 0.28 | $ | 176,363 | 0.28 | % | ||||||||||||||||||||||||||
| Sasqua Fields Partners, LLC |
$ | 100,000 | 0.25 | — | 100,000 | 0.17 | $ | 104,579 | 0.17 | % | ||||||||||||||||||||||||||
| Xxxxxxx Living Trust dtd 2/11/04 |
$ | 75,000 | 0.19 | 87,500 | 162,500 | 0.27 | $ | 169,940 | 0.27 | % | ||||||||||||||||||||||||||
| Xxxxxx Family Investment, LP |
$ | 66,758 | 0.17 | 33,379 | 100,137 | 0.17 | $ | 104,722 | 0.17 | % | ||||||||||||||||||||||||||
| Xxxxxxx X. Xxxxxxx |
$ | 60,261 | 0.15 | 30,131 | 90,392 | 0.15 | $ | 94,531 | 0.15 | % | ||||||||||||||||||||||||||
| Xxxxx Xxxxxx |
$ | 39,935 | 0.10 | 19,968 | 59,903 | 0.10 | $ | 62,646 | 0.10 | % | ||||||||||||||||||||||||||
| Xxxxxx X. Xxxxxxx |
$ | 140,030 | 0.35 | 70,015 | 210,045 | 0.35 | $ | 219,662 | 0.35 | % | ||||||||||||||||||||||||||
| Xxxxxxx Xxxxx Xxxxxxx |
$ | 23,247 | 0.06 | 11,624 | 34,871 | 0.06 | $ | 36,468 | 0.06 | % | ||||||||||||||||||||||||||
| Xxxx Xxxx |
$ | 9,312 | 0.02 | 4,656 | 13,968 | 0.02 | $ | 14,608 | 0.02 | % | ||||||||||||||||||||||||||
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| Freshpet Investors Sub-total |
$ | 18,000,000 | 45 | % | 9,000,000 | $ | 27,000,000 | 45.5 | % | $ | 28,608,250 | 45.66 | % | $ | 28,608,250 | 45.77 | % | |||||||||||||||||||
| Total All Guarantees |
$ | 40,000,000 | 100 | % | $ | 60,000,000 | 100 | % | $ | 60,000,000 | 100.00 | % | $ | 62,500,000 | 100 | % | ||||||||||||||||||||
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| 1 | Effective from June 8, 2012 through April 14, 2013 |
| 2 | Effective from April 15, 2013 through September 29, 2013 |
| 3 | Effective from September 30, 2013 |
| 4 | Effective from April [ ], 2014 |
