Document:

Exhibit 10.29

 

Portions of this Exhibit have been redacted pursuant to a request for confidential treatment under Rule 406 of the General Rules and Regulations of the Securities Act of 1933, as amended.  Omitted information, marked “[***]” in this Exhibit, has been filed separately with the Securities and Exchange Commission together with such request for confidential treatment.

 

Addendum A

 

Effective November 1, 2008, this Addendum supersedes the Fuel Surcharge language in the Distribution Agreement between UNFI and Vitamin Cottage Natural Food Markets, Inc.

DBA Natural Grocers by Vitamin Cottage, June 1, 2008 to May 31, 2013

 

Revised Fuel Surcharge

 

The Price per Gallon for setting the Fuel Surcharge will be determined monthly using the U.S. weekly average from the U.S. Department of Energy’s Weekly Retail On-Highway Diesel Prices report (http://tonto.eia.doe.gov/oog/info/wohdp/diesel.asp).

 

The monthly Price per Gallon will be calculated as follows:  the U.S. weekly average price for the previous month, rounded to 2 decimal places using standard rounding (For example — January 2009 Fuel Surcharges will be based on December 2008 average weekly pricing).

 

One Fuel Surcharge per delivery will be applied to the customer invoice.  The Surcharge amount will be set according to the table below:

 

	
Price per Gallon
    	
 
    	
Surcharge per Delivery
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    
	
$
    	
[***]
    	
 
    	
$
    	
[***]
    	
 
    

 

The Fuel Surcharge amount will be adjusted accordingly for the following month.

 

Note:  The SIDE LETTER part of the Agreement, Section 5 is no longer applicable.

 

 

Portions of this Exhibit have been redacted pursuant to a request for confidential treatment under Rule 406 of the General Rules and Regulations of the Securities Act of 1933, as amended.  Omitted information, marked “[***]” in this Exhibit, has been filed separately with the Securities and Exchange Commission together with such request for confidential treatment.

 

 

	
VITAMIN COTTAGE NATURAL   FOOD MARKET’S, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Kemper Isely 
    	
 
    	
Date: 
    	
02.26.2009
    
	
 
    	
Kemper Isely, Co-President
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
UNITED NATURAL FOODS, INC.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ [***]
    	
 
    	
Date: 
    	
2/27/09
    
	
 
    	
[***], [***]Exhibit 10.30

 

Portions of this Exhibit have been redacted pursuant to a request for confidential treatment under Rule 406 of the General Rules and Regulations of the Securities Act of 1933, as amended.  Omitted information, marked “[***]” in this Exhibit, has been filed separately with the Securities and Exchange Commission together with such request for confidential treatment.

 

AGREEMENT ADDENDUM

 

This Addendum is part of the Distribution Agreement between United Natural Foods, Inc. (UNFI) and Natural Grocers by Vitamin Cottage (VC), effective June 1, 2008 to May 31, 2013.  The following are matters which have been agreed to and become active April 1st 2012.

 

1)             UNFI will expand the agreements “Cost Plus” schedule as follows:

 

Cost Plus Schedule

 

	
Annualized
    	
 
    	
Cost Plus
    	
 
    
	
Purchases
    	
 
    	
Percentage
    	
 
    
	
$
    	
[***]
    	
 
    	
[***]
    	
%
    
	
$
    	
[***]
    	
 
    	
[***]
    	
%
    
	
$
    	
[***]
    	
 
    	
[***]
    	
%
    
	
$
    	
[***]
    	
 
    	
[***]
    	
%
    
	
$
    	
[***]
    	
 
    	
[***]
    	
%
    
	
$
    	
[***]
    	
 
    	
[***]
    	
%
    
	
$
    	
[***]
    	
 
    	
[***]
    	
%
    
	
$
    	
[***]
    	
 
    	
[***]
    	
%
    

 

2)             All stores will have delivery charges based on the new addendum delivery charge schedule below.  VC does reserve the right to switch to a [***] delivery charge at any time during the agreement period.  VC has the option to either have the current blended rate charged separately to each store or have the blended rate combined with the current “cost plus” price for a combined charge.  The blended delivery charge will be reviewed every [***] and the new delivery charge percentage (if any) will be effective the 15th of the month following the review.  The current blended delivery charge at the start of this addendum is [***].

 

	
Miles from
   UNFI DC
    	
 
    	
Delivery
   Charge
    	
 
    
	
[***]   Miles
    	
 
    	
[***]
    	
%
    
	
[***]   Miles
    	
 
    	
[***]
    	
%
    
	
[***]   Miles
    	
 
    	
[***]
    	
%
    
	
[***]   Miles
    	
 
    	
[***]
    	
%
    
	
[***]   Miles
    	
 
    	
[***]
    	
%
    
	
[***]   Miles
    	
 
    	
[***]
    	
%
    
	
[***]   Miles
    	
 
    	
[***]
    	
%
    
	
[***]   Miles
    	
 
    	
[***]
    	
%
    
	
[***]   Miles
    	
 
    	
[***]
    	
%
    

 

3)             UNFI will replace all [***] and [***] with [***] deals when available for all “Hotline” and “In Store” promotions.  VC agrees to provide UNFI purchase projections for all

 

 

Portions of this Exhibit have been redacted pursuant to a request for confidential treatment under Rule 406 of the General Rules and Regulations of the Securities Act of 1933, as amended.  Omitted information, marked “[***]” in this Exhibit, has been filed separately with the Securities and Exchange Commission together with such request for confidential treatment.

 

items, and UNFI agrees to provide “Over/Under” reports at the conclusion of the promotional periods.  Both parties will mutually determine the start date for this new process.

 

4)             UNFI agrees to slot approximately [***] VC Bulk Repack products in addition to Private Label products in the Lancaster Texas warehouse during the agreement period.

 

5)             UNFI agrees to lower the cost plus pricing on all VC private label items from [***] to [***].  If UNFI is able to obtain a [***] discount from a VC private label vendor in exchange for paying the vendor invoice in [***], UNFI agrees to sell VC those vendors private label items at [***].  Minimum sales for private label products shall be [***], with the exception of [***], which will be [***].  VC’s private label products must sell well enough to turn [***].  VC agrees to discontinue any item not meeting these turn requirements.  UNFI will not be liable for out of code product due to poor sales, minimum order requirements, or circumstances beyond our control.  VC agrees to reimburse UNFI for said out of code product.

 

6)             UNFI and VC mutually agree to resolve all invoiced price differentials (price differs) within 60 days from receipt of the weekly “price differ” report.  Both parties will provide the necessary resources to research and correct the issues identified on the weekly report, and come to a mutually agreed determination on any financial compensation due by either party.

 

7)             Both UNFI and VC agree to extend the length of the current agreement by three (3) years.  The new agreement dates being June 1, 2008 to May 31, 2016.

 

 

	
VITAMIN COTTAGE NATURAL FOOD   MARKETS, INC.
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ Kemper Isely
    	
 
    	
Date:   
    	
03-05-2012
    
	
 
    	
Kemper Isely, Co-President
    	
 
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
UNITED   NATURAL FOODS, INC.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ [***]
    	
 
    	
Date:   
    	
3/10/2012
    
	
 
    	
[***], [***]
    	
 
    	
 
    

 

2Exhibit 10.31

 

Portions of this Exhibit have been redacted pursuant to a request for confidential treatment under Rule 406 of the General Rules and Regulations of the Securities Act of 1933, as amended.  Omitted information, marked “[***]” in this Exhibit, has been filed separately with the Securities and Exchange Commission together with such request for confidential treatment.

 

 

12612 West Alameda Parkway

Lakewood, Colorado 80228

 

June 3, 2012

 

VIA [              ]

 

United Natural Foods, Inc.

Attention: [***]

1101 Sunset Boulevard

Rocklin, California 95765

 

Re:          Third Amendment to Distribution Agreement

 

Dear [***]:

 

Reference is made to that certain Distribution Agreement between United Natural Foods, Inc. (“UNFI”) and Vitamin Cottage Natural Food Markets, Inc. (the “Company”) dated May 20, 2008, as amended by Addendum A thereto dated February 27, 2009 and Agreement Addendum thereto dated March 10, 2012 (as amended, the “Distribution  Agreement”).  Capitalized terms used and not otherwise defined in this letter agreement (this “Amendment”) shall have the respective meanings given them in the Distribution Agreement.

 

In consideration of the mutual promises and covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties hereby agree to amend the “Confidentiality” provision of the Distribution Agreement to add the following language after the last sentence in such provision:

 

“Notwithstanding the foregoing, nothing herein shall prevent the filing of a copy of this Agreement as an exhibit to any filing required by a regulatory agency having jurisdiction over either party, provided that a party required to file a copy of this Agreement shall notify the other party of the filing, request and use its reasonable efforts to obtain confidential treatment of all financial and other confidential terms of this Agreement, and provide the other party a reasonable opportunity to review and comment on the financial and other confidential terms proposed to be subject to confidential treatment prior to the filing thereof.  In addition, either party may disclose the terms of this Agreement pursuant to a valid subpoena, provided such party gives the other party reasonable prior notice of the service of any subpoena to permit the other party to seek a protective order, seeks confidential treatment of all financial and other confidential terms hereof, and provides the other party a reasonable opportunity to review and comment on the financial and other

 

 

Portions of this Exhibit have been redacted pursuant to a request for confidential treatment under Rule 406 of the General Rules and Regulations of the Securities Act of 1933, as amended.  Omitted information, marked “[***]” in this Exhibit, has been filed separately with the Securities and Exchange Commission together with such request for confidential treatment.

 

confidential terms proposed to be subject to the protective order and confidential treatment.”

 

Except as modified and amended herein, the Distribution Agreement shall continue in full force and effect and the parties ratify and confirm that they continue to be bound by the terms and conditions thereof.  Facsimiles and photocopies of this Amendment shall have the same force and effect as a signed original.

 

Please confirm your agreement with the foregoing by signing and returning a copy of this letter to my attention, whereupon this Amendment shall become a binding obligation of the parties.

 

	
 
    	
Sincerely,
    
	
 
    	
 
    
	
 
    	
Vitamin Cottage Natural Food Markets, Inc.
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Kemper Isely
    
	
 
    	
Name: Kemper Isely
    	
 
    
	
 
    	
Title: Co-President
    
	
 
    	
 
    
	
 
    	
 
    
	
Accepted and Agreed
    	
 
    
	
as of the date first written above:
    	
 
    
	
 
    	
 
    
	
United Natural Foods, Inc.
    	
 
    
	
 
    	
 
    
	
 
    	
 
    
	
By:
    	
/s/ [***]
    	
 
    	
 
    
	
Name: [***]
    	
 
    
	
Title: [***]
    	
 
    
						

 

(Signature Page to Third Amendment to Distribution Agreement)

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