Exhibit 10.1
 
AMENDMENT AGREEMENT

This Amendment Agreement, made effective as of August 22, 2013 (the
“Agreement”), is between Innovative Food Holdings, Inc., a Florida corporation
(the “Company”) and the signatories hereto (each, a “Subscriber” and
collectively, the “Subscribers”).

WHEREAS, the Company has issued notes as further described on Schedule B hereto
as amended (the “Notes”) and warrants as further described on Schedule A hereto,
as amended (the “Warrants”); and

WHEREAS, the Subscribers have a first priority security interest in the assets
of the Company securing all amounts due under the Notes (the “Security
Interest”); and

WHEREAS, the Company and the Subscribers have agreed to make certain changes to
the terms of the Notes, Warrants and Security Interest.

NOW THEREFORE, in consideration of the promises and mutual covenants contained
herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby consent
and agree as follows:

1. The interest rate on the Notes is modified to 5% per annum.  Default interest
shall be as stated in the Notes.

2. The Maturity Date of each Note is hereby amended to May 15, 2014.

3. Except as required herein, the Notes may not be prepaid without the
permission of the Subscribers.

The Expiration Date of the Warrants listed on Schedule A is hereby extended to
the dates listed in column F on Schedule A
 
4. The Subscribers consent to the Company obtaining a loan not more than
$2,500,000 from Fifth Third Bank (the “Bank Loan”).

5. At the closing of the Bank Loan the Company will pay Alpha Capital Anstalt
the full amount due on the Note issued by the Company to Alpha Capital Anstalt
on May 11, 2012, in the original principal amount of $1,200,000 (the “Payoff”)

6. Upon receipt of the Payoff, each of the Subscribers will subordinate its
Security Interest, up to $2,500,000, to the Bank Loan.

7. The Subscribers will not be limited to take any action to enforce the terms
of its Notes during the pendency of the Bank Loan.

8. All other terms of the Transaction Documents remain in full force and effect
(including the terms of any amendments not specifically superseded by this
Agreement) as if this Agreement had not been executed.

9. This Agreement may be executed in counterparts, all of which when taken
together shall be considered one and the same Agreement and shall become
effective when counterparts have been signed by each party and delivered to the
other party, it being understood that all parties need not sign the same
counterpart.  In the event that any signature is delivered by facsimile
transmission, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) the same with
the same force and effect as if such facsimile signature were an original
thereof.  A copy of this Agreement annexed to the Note or the Warrant, as
appropriate, shall be sufficient to reflect the amendment thereto.

[THIS SPACE INTENTIONALLY LEFT BLANK]
 
 
 

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IN WITNESS WHEREOF, the parties hereby execute this Agreement as of the date
first written above.

INNOVATIVE FOOD HOLDINGS, INC.

By: _______________________________________

ALPHA CAPITAL ANSTALT

By: _______________________________________

LANE VENTURES, INC

By: _______________________________________

MOMONA CAPITAL LLC

By: _______________________________________

OSHER CAPITAL PARTNERS LLC

By: _______________________________________

ASSAMEKA CAPITAL, INC.

By: _______________________________________

__________________________________________
ASHER BRAND
 
 
 

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SCHEDULE A

This schedule  represents the expiration date , amounts and warrants strike
price as of August 22nd 2013

A     B     C     D     E     F              
Warrant shares
           
Current price
   
New Expiration Date
 
Owner
   
Warrant Number
   
adjusted 50:1 split
   
Pre-Split Price
   
adjusted for 50:1 split
                                                   
Alpha (A)
    2005-A-001       1,400,000       0.0115       0.5750    
Feb 1 2017
 
Alpha (B)
    2005-B-001       350,000       0.0110       0.5500    
Feb 1 2017
 
Alpha (C )
    2005-C-001       560,000       0.0050       0.2500    
Feb 1 2016
 
Alpha (A)
   
2005-A-AUG-010
      480,000       0.0050       0.5750    
Feb 1 2017
 
Alpha (B)
   
2005-B-AUG-010
      120,000       0.0110       0.5500    
Feb 1 2017
 
Alpha (C )
   
2005-C-AUG-010
      48,000       0.0050       0.2500    
Feb 1 2016
 
Asher (A)
   
2005-A-AUG-010
      100,000       0.0115       0.5750    
Feb 1 2017
 
Asher (B)
   
2005-B-AUG-010
      25,000       0.0110       0.5500    
Feb 1 2017
 
Asher ( C)
   
2005-C-AUG-010
      10,000       0.0050       0.2500    
Feb 1 2016
 
Momona (A)
   
2005-A-AUG-010
      100,000       0.0115       0.5750    
Feb 1 2017
 
Momona (B)
   
2005-B-AUG-010
      25,000       0.0110       0.5500    
Feb 1 2017
 
Momona (C )
   
2005-C-AUG-010
      10,000       0.0050       0.2500    
Feb 1 2016
 
Lane (A)
   
2005-A-AUG-010
      40,000       0.0115       0.5750    
Feb 1 2017
 
Lane (B)
   
2005-B-AUG-010
      10,000       0.0110       0.5500    
Feb 1 2017
 
Lane (C )
   
2005-C-AUG-010
      4,000       0.0050       0.2500    
Feb 1 2016
 
Alpha
    2006-D-001       6,000       0.0050       0.2500    
Feb 1 2016
 
Alpha (A)
    2007-A-001       40,000       0.0115       0.5750    
Feb 1 2017
 
Alpha (B)
    2007-B-001       10,000       0.0110       0.5500    
Feb 1 2017
 
Alpha (C)
    2007-C-001       4,000       0.0050       0.2500    
Feb 1 2016
 
Alpha (A)
    2008-A-001       480,000       0.0115       .5750    
Feb 1 2017
 
Alpha (B)
    2008-B-001       120,000       0.0110       0.5500    
Feb 1 2017
 
Alpha (C)
    2008-C-001       48,000       0.0050       0.2500    
Feb 1 2016
 
Alpha
    2008-B-001       800,000       0.0110       0.5500    
Feb 1 2017
 

 
 
 

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Bought from Whalehaven:
                                 
Alpha
   
2005-A-001 (WH)
      113,043       0.0115       0.5750    
Feb 1 2017
 
Osher
   
2005-A-001 (WH)
      50,725       0.0115       0.5750    
Feb 1 2017
 
Assameka
   
2005-A-001 (WH)
      36,232       0.0115       0.5750    
Feb 1 2017
 
Alpha
   
2005-B-001 (WH)
      28,261       0.0110       0.5500    
Feb 1 2017
 
Osher
   
2005-B-001 (WH)
      12,681       0.0110       0.5500    
Feb 1 2017
 
Assameka
   
2005-B-001 (WH)
      9,058       0.0110       0.5500    
Feb 1 2017
 
Alpha
   
2005-C-001 (WH)
      45,217       0.0050       0.2500    
Feb 1 2016
 
Osher
   
2005-C-001 (WH)
      20,290       0.0050       0.2500    
Feb 1 2016
 
Assameka
   
2005-C-001 (WH)
      14,493       0.0050       0.2500    
Feb 1 2016
 
Alpha
   
2005-A-AUG-010 (WH)
      67,826       0.0115       0.5750    
Feb 1 2017
 
Osher
   
2005-A-AUG-010 (WH)
      30,435       0.0115       0.5750    
Feb 1 2017
 
Assameka
   
2005-A-AUG-010 (WH)
      21,739       0.0115       0.5750    
Feb 1 2017
 
Alpha
   
2005-B-AUG-010 (WH)
      16,957       0.0110       0.5500    
Feb 1 2017
 
Osher
   
2005-B-AUG-010 (WH)
      7,609       0.0110       0.5500    
Feb 1 2017
 
Assameka
   
2005-B-AUG-010 (WH)
      5,435       0.0110       0.5500    
Feb 1 2017
 
Alpha
   
2005-C-AUG-010 (WH)
      6,783       0.0050       0.2500    
Feb 1 2016
 
Osher
   
2005-C-AUG-010 (WH)
      3,043       0.0050       0.2500    
Feb 1 2016
 
Assameka
   
2005-C-AUG-010 (WH)
      2,174       0.0050       0.2500    
Feb 1 2016
 
Alpha
   
2008-A-001 (WH)
      67,826       0.0115       0.5750    
Feb 1 2017
 
Osher
   
2008-A-001 (WH)
      30,435       0.0115       0.5750    
Feb 1 2017
 
Assameka
   
2008-A-001 (WH)
      21,739       0.0115       0.5750    
Feb 1 2017
 
Alpha
   
2008-B-001 (WH)
      16,957       0.0110       0.5500    
Feb 1 2017
 
Osher
   
2008-B-001 (WH)
      7,609       0.0110       0.5500    
Feb 1 2017
 
Assameka
   
2008-B-001 (WH)
      5,435       0.0110       0.5500    
Feb 1 2017
 
Alpha
   
2008-C-001 (WH)
      6,783       0.0050       0.2500    
Feb 1 2016
 
Osher
   
2008-C-001 (WH)
      3,043       0.0050       0.2500    
Feb 1 2016
 
Assameka
   
2008-C-001 (WH)
      2,174       0.0050       0.2500    
Feb 1 2016
       
Total
      5,444,002                          

 
 

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SCHEDULE B

All notes issued by Company to Subscribers with the exception of the note issued
on May 11, 2012

 
 

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