Document:

EXHIBIT 10.1

AMENDMENT

TO

STOCK PURCHASE AGREEMENT

          This
Amendment to Stock Purchase Agreement (this “Amendment”) is entered into
effective March 31, 2008, by and among Monterey Gourmet Foods, Inc., a Delaware
corporation (the “Purchaser”), Sonoma Foods, Inc., a California corporation
(“Sonoma”), and C. David Viviani (“Viviani”) and A. Martin Adams (“Adams”)
(Viviani and Adams each a “Seller” and together the “Sellers”), who are the
beneficial owners of all of the 105.890 outstanding shares of Sonoma not owned
by the Purchaser (the “Shares”).

RECITALS

          A.         The
Sellers, Purchaser and Sonoma entered into a Stock Purchase Agreement, dated
effective as of April 7, 2005 (the “Purchase Agreement”), pursuant to which
Purchaser purchased 423.57, or approximately 80%, of the outstanding shares of
Sonoma, Sellers retained the option to require the Purchaser to purchase the
remaining outstanding Shares of Sonoma from the Sellers (the “Put”), and the
Purchaser retained the separate option (if Sellers do not exercise the Put) to
require the Sellers to sell the remaining outstanding Shares of Sonoma to the
Purchaser (the “Call”). 

          B.         In
connection with the execution of the Purchase Agreement, the Sellers, Purchaser
and Sonoma have also entered into a Shareholders’ Agreement and Escrow
Agreement, both dated April 7, 2005 (respectively the “Shareholders’ Agreement”
and “Escrow Agreement”), pursuant to which certain restrictions were imposed
upon the transferability of shares of Sonoma and the parties agreed upon
certain other matters, including the voting of shares of Sonoma, its
management, and the distribution of its profits.

          C.         Purchaser,
Sonoma and the Sellers desire to amend the Purchase Agreement, as provided herein,
to accelerate the acquisition by Purchaser of the remaining Shares of Sonoma
still owned by the Sellers, and to terminate the Shareholders’ Agreement and
Escrow Agreement.

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

          1.          Recitals.
The foregoing recitals are true and correct and are incorporated herein by
reference.

          2.          Capitalized
Terms. Capitalized terms not otherwise defined in this Amendment shall have
the meaning ascribed to such terms in the Purchase Agreement.

          3.          Miscellaneous
Agreements. 

                       a.          The
Purchase Agreement is hereby amended as follows:

	
 

	
 

	
 

	
             i.          The
  Trigger Date and Closing of the Put are accelerated to March 31, 2008
  (the “Purchase Date”). Purchaser affirms that its investment representations
  set forth in Article 2(h) of the Purchase Agreement are true and correct as
  of the Purchase Date.

	
 

	
 

	
 

	
             ii.          The
  Purchase Price of the Put is set at the sum of (1) $50,000 in cash, divided
  between Viviani and Adams as they shall direct, to be paid to them at the
  execution of this Agreement, and (2) at the election of Sellers, either (a)
  twenty percent (20%) of the cumulative pretax profit, if any, earned by
  Sonoma for the calendar years 2008 and 2009, or (b) if there is either (A) a
  sale of more than fifty percent (50%) of the outstanding shares of Sonoma or
  (B) a sale transferring any substantial portion of the assets of Sonoma
  (other than in the ordinary course of business) at any time before December
  31, 2009, twenty percent (20%) of the resulting gain from the sale,
  calculated as (x) the sale price less (y) the book value (net of a
  proportional amount of any related liabilities) of the Sonoma shares or
  assets sold at the time of sale, in either case to be divided between Viviani
  and Adams as they shall direct and paid to them in cash either (c)(A) not
  later than March 1, 2010 if Sellers shall elect option 2(a) in this
  subparagraph 3.a.ii, or (B) the date of the closing of a sale, if Sellers
  shall elect option 2(b). For purposes of this Amendment, Viviani and Adams
  shall be entitled to payment pursuant to subparagraph 2(b) of this paragraph
  3.a.ii if a final sale is closed in substantial conformity with a letter of
  intent executed by Monterey and a third-party acquirer on or before December
  31, 2009.

	
 

	
 

	
 

	
             iii.          Sellers
  and Purchaser waive all rights to indemnification under Article 7 of the
  Purchase Agreement accruing or based upon facts and circumstance arising or
  occurring prior to the date of this Amendment. With respect to Viviani and
  Adams, this waiver shall extend to all actions taken by Viviani and Adams,
  whether as employees, stockholders or directors of Sonoma.

	
 

	
 

	
              b.          Sellers
resign all positions as officers and directors of Sonoma, effective as of the
Purchase Date.

	
 

	
              c.          The
Sellers and Purchaser agree to jointly execute and deliver to the Escrow Agent
a notice of the exercise and consummation of the Put, together with a demand
for immediate delivery to Monterey of all certificates for Shares in possession
of the Escrow Agent.

2

	
 

	
 

	
              d.          Each
of Viviani and Adams represent and warrant, severally and not jointly, that:

	
 

	
 

	
 

	
             i.          he
  has disclosed to Sonoma and Purchaser, as of the Purchase Date, all
  unrecorded obligations of Sonoma and all material contracts and transactions
  with respect to which Sonoma is a party or its property is subject or may be
  bound, and

	
 

	
 

	
 

	
             ii.          as
  of the Purchase Date, the representations and warranties set forth in
  paragraphs (a) through (g) of Article 4 of the Purchase Agreement are true
  and correct with respect to the Shares.

3

Purchaser waives any claim for damages of any kind
against Viviani and/or Adams arising out of any representations or warranties
other than those expressly set forth in this Amendment. Claims based upon any
alleged breach of the representations and warranties set forth in subparagraphs
(i) and (ii) above must be presented to Viviani or Adams, as the case may be,
in writing within two (2) years after the Purchase Date, at which time such
representations and warranties shall expire. Liability of Viviani and Adams for
breach of such representations and warranties shall be limited to $25,000 as to
each of Viviani and Adams, and recourse of Purchaser against such representations
and warranties shall be the exclusive remedy of Purchaser with respect to the
breach thereof. Notwithstanding any other provision of this Amendment, without
liability or responsibility on the part of Sellers, Monterey shall have the
right to mark down, as of the Purchase Date, its investment in Sonoma by an
amount of approximately $1,400,000, and potentially obsolete inventory of
Sonoma by an amount of approximately $350,000.

	
 

	
 

	
 

	
              e.          This
  Amendment is conditioned upon and shall not become effective unless and until
  Sellers shall deliver to Purchaser of the release and license among Sonoma,
  the Purchaser and Dairyfoods USA, Inc. (formerly Lactoprot USA, Inc.) in the
  form attached as Exhibit A. 

	
 

	
 

	
 

	
              f.          Other
  than the obligations of the parties set forth in this Amendment, each of the
  Purchaser, the Sellers, Sonoma, and the Escrow Agent are released from any
  further obligations under the Purchase Agreement, the Shareholders’ Agreement
  and the Escrow Agreement, all of which obligations are hereby waived and
  released, and all of which agreements are hereby terminated except as
  otherwise provided herein.

	
 

	
 

	
                    4.          Counterparts.
  This Amendment may be executed in multiple counterparts and by facsimile,
  each of which shall constitute an original, but all of which taken together
  shall constitute one and the same Amendment.

	
 

	
 

	
                    5.          Disputes.
  Disputes among the parties concerning this Amendment shall be governed by
  sections 9(k) and (l) of the Purchase Agreement.

4

          IN
WITNESS WHEREOF, the parties have executed this Amendment as
of the date and year first above written.

	
 

	
 

	
 

	
 

	
 

	
PURCHASER:

	
 

	
 

	
 

	
 

	
MONTEREY GOURMET FOODS, INC.,

	
 

	
a Delaware corporation

	
 

	
 

	
 

	
By: 

	
 

	
 

	
 

	

	
 

	
 

	
Name: 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title: 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
SONOMA:

	
 

	
 

	
 

	
 

	
SONOMA FOODS, INC., a California 

	
 

	
corporation

	
 

	
 

	
 

	
By:

	
 

	
 

	
 

	

	
 

	
 

	
Name: 

	
 

	
 

	
 

	
Title: 

	
 

	
	
	

	
 

	
 

	
 

	
SELLERS:

	
 

	
 

	
 

	
 

	
 

	

	
 

	

	
C.
  David Viviani

	
 

	
A.
  Martin Adams

5Exhibit 10.3

 

EXECUTION COPY

 

AMENDMENT NO. 2

Dated as of January 18, 2008

 

to

 

CREDIT AGREEMENT

Dated as of August 31, 2007

 

THIS AMENDMENT NO. 2 (“Amendment”) is made as of January 18,
2008 (the “Effective Date”) by and among MYR Group Inc., a Delaware
corporation (the “Borrower”), the financial institutions listed on the
signature pages hereof and JPMorgan Chase Bank, National Association, as
Administrative Agent (the “Administrative Agent”), under that certain
Credit Agreement dated as of August 31, 2007 by and among the Borrower,
the Lenders and the Administrative Agent (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”). Capitalized terms
used herein and not otherwise defined herein shall have the respective meanings
given to them in the Credit Agreement.

 

WHEREAS, on December 20, 2007, the Borrower
voluntarily prepaid $20,000,000 in accordance with

Section 2.11(a) of the Credit Agreement (the “Prepayment”);

 

WHEREAS, in connection with the foregoing, the Borrower
has requested that certain modifications be made to the Credit Agreement;

 

WHEREAS, the Borrower, the Lenders party hereto and the
Administrative Agent have agreed to amend the Credit Agreement on the terms and
conditions set forth herein;

 

NOW, THEREFORE, in consideration of the premises set forth
above, the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the Borrower, the Lenders party hereto and the Administrative Agent hereby
agree to the following amendments to the Credit Agreement.

 

1.                                            Amendments to Credit
Agreement.
Effective as of the Effective Date (except as otherwise provided herein), but
subject to the satisfaction of the conditions precedent set forth in Section 2
below, the Credit Agreement is hereby amended as follows:

 

(a)                                       Effective as of December 20,
2007, Section 2.11(c) of the Credit Agreement is hereby waived to the
extent it would otherwise apply in respect of the Prepayment, and the Prepayment
shall be applied to remaining installments of principal of the Term Loans in
their scheduled order of maturity.

 

(b)                                      Section 2.10(a) of the Credit
Agreement is hereby amended to delete the second sentence (including the
amortization table) thereof.

 

2.                                            Conditions of
Effectiveness. The effectiveness of this Amendment is subject to the conditions
precedent that the Administrative Agent shall have received (i) counterparts
of this Amendment duly executed by the Borrower and the Lenders and (ii) counterparts
of the Consent and

 

 

Reaffirmation attached hereto duly executed by the
Subsidiary Guarantors.

 

3.                                       Representations and
Warranties of the Borrower. The Borrower hereby represents and warrants as follows:

 

(a)                                  This Amendment and the
Credit Agreement as amended hereby constitute legal, valid and binding
obligations of the Borrower and are enforceable against the Borrower in
accordance with their terms, subject to applicable bankruptcy, insolvency,
reorganization, moratorium or other laws affecting creditors’ rights generally
and subject to general principles of equity, regardless of whether considered
in a proceeding in equity or at law.

 

(b)                                 As of the date hereof and
giving effect to the terms of this Amendment, (i) no Default shall have
occurred and be continuing and (ii) the representations and warranties of
the Borrower set forth in the Credit Agreement, as amended hereby, are true and
correct in all material respects as of the date hereof, except to the extent
that any such representation or warranty relates solely to an earlier date, in
which case it shall have been true and correct in all material respects as of
such earlier date.

 

4.                                       Reference to and Effect
on the Credit Agreement.

 

(a)                                  Upon the effectiveness
hereof, each reference to the Credit Agreement in the Credit Agreement or any
other Loan Document shall mean and be a reference to the Credit Agreement as
amended hereby.

 

(b)                                 Except as specifically
amended above, the Credit Agreement and all other documents, instruments and
agreements executed and/or delivered in connection therewith shall remain in
full force and effect and are hereby ratified and confirmed.

 

(c)                                  The execution, delivery
and effectiveness of this Amendment shall not operate as a waiver of any right,
power or remedy of the Administrative Agent or the Lenders, nor constitute a
waiver of any provision of the Credit Agreement or any other documents,
instruments and agreements executed and/or delivered in connection therewith.

 

5.                                       Governing Law. This Amendment shall be
governed by and construed in accordance with the laws of the State of New York,
but giving effect to federal laws applicable to national banks.

 

6.                                       Headings. Section headings in
this Amendment are included herein for convenience of reference only and shall
not constitute a part of this Amendment for any other purpose.

 

7.                                       Counterparts. This Amendment may be
executed by one or more of the parties hereto on any number of separate
counterparts, and all of said counterparts taken together shall be deemed to
constitute one and the same instrument.

 

[Signature Pages Follow]

 

2

 

IN
WITNESS WHEREOF, this Amendment has been duly executed as of the
day and year first above written.

 

	
   

  	
  MYR
  GROUP INC.,

  as the Borrower

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marco
  A Martinez

  
	
   

  	
  Name:
  Marco A Martinez

  Title: V.P. CFO & Treasurer

  

 

Signature Page to Amendment No. 2 to

Credit Agreement dated as of August 31, 2007

MYR Group Inc.

 

 

	
   

  	
  JPMORGAN
  CHASE BANK,

  
	
   

  	
  NATIONAL
  ASSOCIATION,

  
	
   

  	
  individually
  as a Lender, as the Swingline Lender, as 

  Issuing Bank and as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Dawn Mase

  
	
   

  	
  Name: Dawn Mase

  Title: SVP

  

 

Signature Page to Amendment No. 2 to

Credit Agreement dated as
of August 31, 2007

MYR Group Inc.

 

 

	
   

  	
  CITIBANK,
  N.A.,

  
	
   

  	
  individually
  as a Lender and as Syndication Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Scott A. Miller

  
	
   

  	
  Name:
  Scott A. Miller

  
	
   

  	
  Title:
  Vice President

  

 

Signature Page to
Amendment No. 2 to
 Credit Agreement dated as of August 31,
2007

MYR Group Inc.

 

 

	
   

  	
  FIFTH
  THIRD BANK,

  
	
   

  	
  individually
  as a Lender and as Documentation Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Neil
  G. Mesch

  
	
   

  	
  Name:
  Neil G. Mesch

  
	
   

  	
  Title:
  Vice President

  

 

Signature Page to Amendment No. 2 to

Credit Agreement dated as of August 31, 2007

MYR Group Inc.

 

 

	
   

  	
  KEYBANK
  NATIONAL ASSOCIATION,

  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ 

  	
  Frank
  J. Jancar

  
	
   

  	
  Name:

  	
  FRANK
  J. JANCAR

  
	
   

  	
  Title:

  	
  Vice President

  

 

Signature Page to Amendment No. 2 to

Credit Agreement dated as
of August 31, 2007

MYR Group Inc.

 

 

	
   

  	
  NATIONAL
  CITY BANK.,
 as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ 

  	
  Renee
  M. Bonnell

  
	
   

  	
  Name:

  	
  Renee
  M. Bonnell

  
	
   

  	
  Title:
  

  	
  Vice
  President

  

 

Signature Page to Amendment No. 2 to

Credit Agreement dated as of August 31, 2007

MYR Group Inc.

 

 

CONSENT AND REAFFIRMATION

 

Each of the undersigned hereby acknowledges receipt of a
copy of the foregoing Amendment No. 2 to the Credit Agreement (as the same
may be amended, restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”) by and among MYR Group Inc., a Delaware
corporation (the “Borrower”) the Lenders and JPMorgan Chase Bank, National
Association, as Administrative Agent (the “Administrative Agent”), which
Amendment No. 2 is dated as of January 18, 2008 and is by and among
the Borrower, the financial institutions listed on the signature pages thereof
and the Administrative Agent (the “Amendment”). Capitalized terms used
in this Consent and Reaffirmation and not defined herein shall have the
meanings given to them in the Credit Agreement. Without in any way establishing
a course of dealing by the Administrative Agent or any Lender, each of the
undersigned consents to the Amendment and reaffirms the terms and conditions of
the Subsidiary Guaranty and any other Loan Document executed by it and
acknowledges and agrees that the Subsidiary Guaranty and each and every such
Loan Document executed by the undersigned in connection with the Credit
Agreement remains in full force and effect and is hereby reaffirmed, ratified
and confirmed. All references to the Credit Agreement contained in the
above-referenced documents shall be a reference to the Credit Agreement as so
modified by the Amendment and as the same may from time to time hereafter be
amended, modified or restated.

 

 

Dated January 18, 2008

 

[Signature Pages Follow]

 

 

IN
WITNESS WHEREOF, this Consent and Reaffirmation has been duly executed as of
the day and year above written.

 

	
   

  	
  THE L.E. MYERS CO.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marco A Martinez

  
	
   

  	
  Name:
  Marco A Martinez

  
	
   

  	
  Title:
  Vice President & Treasurer

  

 

 

	
   

  	
  HAWKEYE
  CONSTRUCTION, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marco
  A Martinez

  
	
   

  	
  Name:
  Marco A Martinez

  
	
   

  	
  Title:
  Vice President & Treasurer

  

 

 

	
   

  	
  HARLAN
  ELECTRIC COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marco
  A Martinez

  
	
   

  	
  Name:
  Marco A Martinez

  
	
   

  	
  Title:
  Vice President & Treasurer

  

 

 

	
   

  	
  STURGEON
  ELECTRIC COMPANY, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Marco
  A Martinez

  
	
   

  	
  Name:
  Marco A Martinez

  
	
   

  	
  Title:
  Vice President & Treasurer

  

 

 

	
   

  	
  GREAT
  SOUTHWESTERN CONSTRUCTION, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:
  Brandon M Lark

  
	
   

  	
  Title:
  Vice President

  

 

Consent of Reaffirmation

 

 

 

IN
WITNESS WHEREOF, this Consent and Reaffirmation has been duly executed as of
the day and year above written.

 

	
   

  	
  THE L.E. MYERS CO.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:
  Marco A Martinez

  
	
   

  	
  Title:
  Vice President & Treasurer

  

 

 

	
   

  	
  HAWKEYE
  CONSTRUCTION, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:
  Marco A Martinez

  
	
   

  	
  Title:
  Vice President & Treasurer

  

 

 

	
   

  	
  HARLAN
  ELECTRIC COMPANY

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:
  Marco A Martinez

  
	
   

  	
  Title:
  Vice President & Treasurer

  

 

 

	
   

  	
  STURGEON
  ELECTRIC COMPANY, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:
  Marco A Martinez

  
	
   

  	
  Title:
  Vice President & Treasurer

  

 

 

	
   

  	
  GREAT
  SOUTHWESTERN CONSTRUCTION, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Brandon
  M Lark

  
	
   

  	
  Name:
  Brandon M Lark

  
	
   

  	
  Title:
  Vice President

  

 

Consent of Reaffirmation

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