Exhibit 10.2

AMENDMENT NO. 1 TO TERM LOAN CREDIT AGREEMENT

THIS AMENDMENT NO. 1 TO TERM LOAN CREDIT AGREEMENT dated as of October 1, 2012
(this “Amendment”) is made among SNYDER’S-LANCE, INC., a North Carolina
corporation (the “Company”), BANK OF AMERICA, N.A. (“Bank of America”), in its
capacity as administrative agent for the Lenders (in such capacity, the
“Administrative Agent”), and each of the Lenders (as defined in the Credit
Agreement).

RECITALS:

A. The Company, Bank of America, as Administrative Agent, and the Lenders have
entered into a Term Loan Credit Agreement, dated as of September 26, 2012 (as in
effect on the date hereof, the “Credit Agreement”), pursuant to which the
Lenders have made available to the Company a term loan facility. Capitalized
terms used but not otherwise defined herein have the respective meanings
ascribed to them in the Credit Agreement.

B. The Company has advised the Administrative Agent and the Lenders that it
desires to amend certain provisions of the Credit Agreement, and the
Administrative Agent and the Lenders are willing to effect such amendment and
such release on the terms and conditions contained in this Amendment.

In consideration of the premises and further valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

1. Amendments to the Credit Agreement. Subject to the terms and conditions set
forth herein, Section 5.02(f) of the Credit Agreement is hereby amended by
deleting “for which financial statements have been filed with the SEC” from the
fifth line thereof.

2. Conditions Precedent to Amendment. The effectiveness of this Amendment and
the amendments to the Credit Agreement set forth in Section 1 above is subject
to the accuracy of the representations and warranties set forth in Section 3
below on the date hereof and the satisfaction of the following conditions
precedent:

 

  (a)

the Administrative Agent shall have received counterparts of this Amendment,
duly executed by the Company, the Administrative Agent and the Required Lenders;
and

 

  (b)

unless waived by the Administrative Agent, all fees and expenses of the
Administrative Agent and the Lenders (including the reasonable fees and expenses
of counsel to the Administrative Agent to the extent invoiced prior to the date
hereof) in connection with this Amendment shall have been paid in full (without
prejudice to final settling of accounts for such fees and expenses).

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3. Representations and Warranties. In order to induce the Administrative Agent
and the Lenders to enter into this Amendment, the Company represents and
warrants to the Administrative Agent and the Lenders as follows:

 

  (a)

After giving effect to this Amendment, the representations and warranties of the
Company contained in Article VI of the Credit Agreement and in the other Loan
Documents are true and correct in all material respects (except, if a qualifier
relating to materiality, Material Adverse Effect or a similar concept applies,
such representation or warranty is true and correct in all respects) on and as
of the date hereof, except to the extent that such representations and
warranties specifically refer to an earlier date, in which case they are true
and correct in all material respects (except, if a qualifier relating to
materiality, Material Adverse Effect or a similar concept applies, such
representation or warranty is true and correct in all respects) as of such
earlier date.

 

  (b)

No Event of Default or Unmatured Event of Default shall exist or result from
giving effect to this Amendment.

 

  (c)

This Amendment has been duly authorized, executed and delivered by, and
constitutes a legal, valid and binding obligation of, the Company, except as may
be limited by general principles of equity or by the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium or similar law affecting
creditors’ rights generally.

4. Entire Agreement. This Amendment, together with the Loan Documents
(collectively, the “Relevant Documents”), sets forth the entire understanding
and agreement of the parties hereto in relation to the subject matter hereof and
supersedes any prior negotiations and agreements among the parties relating to
such subject matter. No promise, condition, representation or warranty, express
or implied, not set forth in the Relevant Documents shall bind any party hereto,
and no such party has relied on any such promise, condition, representation or
warranty. Each of the parties hereto acknowledges that, except as otherwise
expressly stated in the Relevant Documents, no representations, warranties or
commitments, express or implied, have been made by any party to the other in
relation to the subject matter hereof or thereof. None of the terms or
conditions of this Amendment may be changed, modified, waived or canceled orally
or otherwise, except in writing and in accordance with Section 11.01 of the
Credit Agreement.

5. Full Force and Effect of Amendment. Except as hereby specifically amended,
modified or supplemented, the Credit Agreement and all other Loan Documents are
hereby confirmed and ratified in all respects and shall be and remain in full
force and effect according to their respective terms.

6. Counterparts. This Amendment may be executed in any number of counterparts
(and by different parties hereto in different counterparts), each of which shall
constitute an original as against any party whose signature appears thereon, and
all of which taken together constitute a single instrument. Delivery of an
executed counterpart of a signature page of this Amendment by telecopy or other
electronic imaging means (including .pdf) shall be effective as delivery of a
manually executed counterpart of this Amendment.

7. Governing Law. This Amendment shall in all respects be governed by, and
construed in accordance with, the laws of the State of North Carolina.

 

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8. Enforceability. Should any one or more of the provisions of this Amendment be
determined to be illegal or unenforceable as to one or more of the parties
hereto, all other provisions nevertheless shall remain effective and binding on
the parties hereto.

9. References. All references in any of the Loan Documents to the “Credit
Agreement” shall mean the Credit Agreement, as amended hereby.

10. Successors and Assigns. This Amendment shall be binding upon and inure to
the benefit of the Company, the Administrative Agent, the Lenders and their
respective successors and assignees to the extent such assignees are permitted
assignees as provided in Section 11.06 of the Credit Agreement.

[Signature pages follow.]

 

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IN WITNESS WHEREOF, the parties hereto have caused this instrument to be made,
executed and delivered by their duly authorized officers as of the day and year
first above written.

 

SNYDER’S-LANCE, INC.

By:

 

/s/ Rick D. Puckett

Name:

 

Rick D. Puckett

Title:

 

Executive Vice President, Chief Financial

 

Officer and Treasurer

Snyder’s-Lance, Inc.

Amendment No. 1 to Term Loan Credit Agreement

Signature Page

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ADMINISTRATIVE AGENT:

BANK OF AMERICA, N.A., as

Administrative Agent

By:

 

/s/ Joan Mok-Lau

Name:

 

Joan Mok-Lau

Title:

 

Vice President

Snyder’s-Lance, Inc.

Amendment No. 1 to Term Loan Credit Agreement

Signature Page

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LENDERS:

BANK OF AMERICA, N.A., as a Lender

By:

 

/s/ J. Casey Cosgrove

Name:

 

J. Casey Cosgrove

Title:

 

Director

Snyder’s-Lance, Inc.

Amendment No. 1 to Term Loan Credit Agreement

Signature Page

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MANUFACTURERS AND TRADERS TRUST COMPANY

By:

 

/s/ Keith A. Mummert

Name:

 

Keith A. Mummert

Title:

 

Vice President

 

Snyder’s-Lance, Inc.

Amendment No. 1 to Term Loan Credit Agreement

Signature Page

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COBANK, ACB By:  

/s/ James Matzat

Name:   James Matzat Title:   Vice President

 

Snyder’s-Lance, Inc.

Amendment No. 1 to Term Loan Credit Agreement

Signature Page

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BRANCH BANKING AND TRUST COMPANY

By:

 

/s/ Stuart M. Jones

Name:

 

Stuart M. Jones

Title:

 

Senior Vice President

 

Snyder’s-Lance, Inc.

Amendment No. 1 to Term Loan Credit Agreement

Signature Page

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WELLS FARGO BANK, NATIONAL ASSOCIATION By:  

/s/ Scott Santa Cruz

Name:   Scott Santa Cruz Title:   Managing Director

 

Snyder’s-Lance, Inc.

Amendment No. 1 to Term Loan Credit Agreement

Signature Page

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ROYAL BANK OF CANADA

By:

 

/s/ Gordon MacArthur

Name:

 

Gordon MacArthur

Title:

 

Authorized Signatory

 

Snyder’s-Lance, Inc.

Amendment No. 1 to Term Loan Credit Agreement

Signature Page

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CITIZENS BANK OF PENNSYLVANIA By:  

/s/ J. Michael Troutman

Name:   J. Michael Troutman Title:   Senior Vice President

 

Snyder’s-Lance, Inc.

Amendment No. 1 to Term Loan Credit Agreement

Signature Page