MRS. FIELDS FAMOUS BRANDS, LLC SALT LAKE CITY, UTAH 84121-1050 August 13, 2008Letter Agreement • August 15th, 2008 • MRS Fields Famous Brands LLC • Retail-food stores • New York
Reference is made to the letter agreement dated June 3, 2008 (the “Letter Agreement”) setting forth the terms on which each undersigned beneficial owner of, or holder of investment authority over, the Company’s (i) 9% Senior Secured Notes due 2011 and/or (ii) 11½% Senior Secured Notes due 2011 (together, the “Notes”), (each, collectively with its respective affiliates and funds, a “Noteholder” and together, the “Noteholders”) agreed, among other things, to support a restructuring (the “Restructuring”) by Mrs. Fields Famous Brands, LLC (“MFFB”) and Mrs. Fields Financing Company, Inc. (together with MFFB, “Mrs. Fields”) in accordance with a term sheet attached thereto as Exhibit A, as amended by the first amendment to the Term Sheet, dated July 11, 2008, and the second amendment to the Term Sheet, dated August 13, 2008 (collectively, the “Term Sheet”). Capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Letter Agreement and the “Effective Date” m
