Document:

Letter Agreement between Citigroup Global Markets Inc and Robert S. Gluck

 Exhibit 10.29 
  
 As of November 4, 2005 
  
 Boulder Specialty Brands, Inc. 
 6106 Sunrise Ranch Drive 
 Longmont, Colorado 80503 
  
 Citigroup Global Markets 
 388 Greenwich Street 
 32nd Floor 
 New York, New York 10013 
  
 Re:    Initial Public Offering 
  

Ladies and Gentlemen: 
  
 The undersigned stockholder, vice chairman and director of Boulder Specialty Brands, Inc. (the “Company”), in consideration of Citigroup Global
Markets Inc. (“Citigroup”) agreeing to act as sole bookrunner and lead manager of the initial public offering of the securities of the Company (“IPO”) and proceeding with the IPO process, hereby agrees as follows (certain
capitalized terms used herein are defined in paragraph 11 hereof): 
  
 1.    If the Company solicits approval of its stockholders of a Business Combination, the undersigned will vote all Insider Shares owned by him in accordance with the majority of the votes cast by the holders of the IPO
Shares. 
  
 2.    In the event that the
Company fails to consummate a Business Combination within 18 months from the effective date (“Effective Date”) of the registration statement relating to the IPO (or 24 months under the circumstances described in the prospectus relating to
the IPO), the undersigned (i) will take all reasonable actions within his power to cause the Company to liquidate as soon as reasonably practicable, (ii) waives any and all right, title, interest or claim of any kind in or to any liquidating
distributions by the Company, including, without limitation, any distribution of the Trust Account (as defined in the Engagement Letter) as a result of such liquidation with respect to his Insider Shares (“Claim”), (iii) waives any Claim
the undersigned may have in the future as a result of, or arising out of, any contracts or agreements with the Company except as and to the extent an agreement is otherwise disclosed in the Company’s registration statement relating to the IPO
or as described in paragraph 5 below, and (iv) will not seek recourse against the Trust Account for any reason whatsoever. 
  
 3.    In order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees to enter
into with the Company the Non-Compete, Non-Solicitation and Right of First Refusal Agreement with respect to business opportunities described therein. 
  
 4.    The undersigned acknowledges and agrees that the Company will not consummate any Business Combination which involves a company
which is affiliated with any of the Insiders or underwriters associated with the IPO. 
  
 5.    None of the undersigned, any member of the family of the undersigned, nor any Affiliate of the undersigned will be entitled to receive and will not accept any compensation for services
rendered to the Company prior to the consummation of the Business Combination; provided that the undersigned shall be entitled to reimbursement from the Company for his out-of-pocket expenses incurred in connection with seeking and consummating a
Business Combination. 
  
 6.    None of the
undersigned, any member of the family of the undersigned, or any Affiliate of the undersigned will be entitled to receive or accept a finder’s fee or any other compensation in the event 

 
the undersigned, any member of the family of the undersigned or any Affiliate of the undersigned originates a Business Combination. 
  
 7.    The undersigned will escrow his Insider Shares for
the three year period commencing on the Effective Date subject to the terms of a Stock Escrow Agreement which the Company will enter into with the undersigned and an escrow agent acceptable to the Company. 
  
 8.    The undersigned agrees to serve as a vice chairman
and director of the Company until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company. The undersigned’s biographical information furnished to the Company and Citigroup and attached hereto
as Exhibit A is true and accurate in all respects, does not omit any material information with respect to the undersigned’s background and contains all of the information required to be disclosed pursuant to Section 401 of Regulation S-K,
promulgated under the Securities Act of 1933, as amended. The undersigned represents and warrants that: 
  
 (a)    he is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to
desist or refrain from any act or practice relating to the offering of securities in any jurisdiction; 
  
 (b)    he has never been convicted of or pleaded guilty to any crime (i) involving any fraud or (ii) relating to any financial
transaction or handling of funds of another person, or (iii) pertaining to any dealings in any securities and he is not currently a defendant in any such criminal proceeding; and 
  
 (c)    he has never been suspended or expelled from membership in any securities or commodities exchange
or association or had a securities or commodities license or registration denied, suspended or revoked. 
  
 9.    The undersigned has full right and power, without violating any agreement by which he is bound, to enter into this letter
agreement and to serve as a member of the board of directors of the Company. 
  
 10.    The undersigned authorizes any employer, financial institution, or consumer credit reporting agency to release to Citigroup and its legal representatives or agents (including any
investigative search firm retained by Citigroup) any information they may have about the undersigned’s background and finances (“Information”). Neither Citigroup nor its agents shall be violating the undersigned’s right of
privacy in any manner in requesting and obtaining the Information and the undersigned hereby releases them from liability for any damage whatsoever in that connection. 
  
 11.    As used herein, (i) a “Business Combination” shall mean a stock exchange, asset
acquisition or similar business combination with an operating business that is in the food and/or non-alcoholic beverage industries; (ii) “Insiders” shall mean all officers, directors and stockholders of the Company immediately prior to
the IPO; (iii) “Insider Shares” shall mean all of the shares of Common Stock of the Company owned by Insiders prior to the IPO; and (iv) “IPO Shares” shall mean the shares of Common Stock sold as part of the units in the
Company’s IPO. 
  
 12.    The undersigned
hereby agrees that any action, proceeding or claim against the undersigned arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State of New York or the United States District Court for the
Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The undersigned hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.

  

			
	 
		
	 	 	ROBERT S. GLUCK
	 	 	Print Name of Insider

  

			
	 
		
	 	 	/s/    ROBERT S. GLUCK
	 	 	Signature

  

 2 

 EXHIBIT A 
  
 Robert S. Gluck has been a vice chairman and a member of our board of directors since November 2005. Highlights of Mr. Gluck’s background include:

  

	 	•	 	over 25 years’ experience as a senior financial executive, including 21 years spent with Bestfoods, formerly known as CPC International, and four years with Unilever United
States, Inc.; 

  

	 	•	 	chief financial officer, senior vice president - finance and a member of the board of directors of Unilever U.S., a Unilever NV/Plc subsidiary with $11 billion in annual sales,
where Mr. Gluck had overall responsibility for accounting, financial reporting, payroll, pensions and investments, tax and real estate activities, and a coordinating role for investor relations, mergers and acquisitions, and internal audit function;

  

	 	•	 	while with Bestfoods/CPC International from 1997 through 2000, he served as a member of the corporate board finance committee that oversaw investment of annual funds flow of over $1
billion, and where he was responsible for mergers and acquisitions, joint ventures, and peer group performance reviews; 

  

	 	•	 	served as a key member of the management team involved in the sale of Bestfoods to Unilever in 2000, which at that time set an all-time high for food company sale price multiples;
and 

  

	 	•	 	intensive involvement in corporate and finance integration activities, strategic planning, cost reduction programs, capital expenditure plans, and analysis of competitive
strategies. 

  
 Mr. Gluck joined CPC International
in 1979 in finance and was appointed vice president of business development for CPC North America in 1988. In 1995, he was appointed as a vice president of finance of the Corn Products Division of CPC North America, where he led the strategic review
that recommended a tax-free spin-off of this division to the parent company’s stockholders. He was appointed to the positions of vice president and treasurer of Bestfoods in 1997, where he served as a member of the corporate board finance
committee and oversaw a variety of treasury activities in over 65 countries. In addition to serving as a key member of the management team that negotiated the sale of Bestfoods to Unilever in October 2000, while at Bestfoods Mr. Gluck also
participated as a key member in the acquisitions of Arisco, Case-Swayne Foods and five other international food businesses that collectively required over $1.1 billion of total funding. From 2000 to 2004, Mr. Gluck served as the senior vice
president and chief financial officer of Unilever United States, Inc. Since that time, Mr. Gluck has been providing consulting services to companies throughout the food industry through his consulting firm, Matthew Robert Associates, LLC, where he
specializes in strategic planning, financial operations review, mergers and acquisitions, divestitures, competitive analysis and peer group benchmarking. Mr. Gluck holds a Bachelors degree in marketing from the New York Institute of Technology and
an MBA in finance from St. John’s University. He is a member of Financial Executives Institute, the Association for Corporate Growth, the Food Marketing Institute, and the National Restaurant Association. 
  

 3Director Restricted Stock Award Agreement

 Exhibit 10.1 
  
 WARNER MUSIC GROUP CORP. 
 DIRECTOR RESTRICTED STOCK AWARD AGREEMENT 
  
 THIS DIRECTOR RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”), is made, effective as of the 4th day of November, 2005 (hereinafter the “Date of Grant”), between Warner Music
Group Corp., a Delaware corporation, (the “Company”), and Shelby W. Bonnie (the “Director”). 
  
 R E C I T A L S: 
  
 WHEREAS, the Company has adopted the Warner Music Group Corp. 2005 Omnibus Award Plan (the “Plan”),
pursuant to which awards of restricted shares of the Company’s Common Stock may be granted to persons including members of the Board of Directors of the Company (the “Board”); and 
  
 WHEREAS, the Board has determined that it is in the best interests of the
Company and its stockholders to grant the restricted stock award provided for herein (the “Restricted Stock Award”) to the Director in connection with the Director’s services to the Company, such grant to be subject to the
terms set forth herein. 
  
 NOW THEREFORE, in consideration of the
mutual covenants hereinafter set forth, the parties hereto agree as follows: 
  
 1. Incorporation by Reference, Etc. The provisions of the Plan are hereby incorporated herein by reference. Except as otherwise expressly set forth herein, this Agreement shall be construed in accordance with
the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the definitions set forth in the Plan. The Board shall have final authority to interpret and construe the Plan and this Agreement and to make any
and all determinations under them, and its decision shall be binding and conclusive upon the Director and his legal representative in respect of any questions arising under the Plan or this Agreement. 
  
 2. Grant of Restricted Stock Award. The Company hereby grants on the
Date of Grant to the Director a Restricted Stock Award consisting of 1,555 shares of Common Stock (hereinafter called the “Restricted Shares”), on the terms and conditions set forth in this Agreement and as otherwise provided in the
Plan. The Restricted Shares shall vest in accordance with Section 3(a) hereof. 
  
 3. Terms and Conditions. 
  
 (a) Vesting. Except as otherwise provided in the Plan and this Agreement, and contingent upon the Director’s continued membership on the Board, one hundred percent (100%) of the Restricted Shares
shall vest and become non-forfeitable on the first anniversary of the Award Date (such anniversary, the “Vesting Date”). 

 (b) Taxes. The Director shall pay to the Company promptly upon request, and in any
event at the time the Director recognizes taxable income in respect of the Restricted Stock Award, an amount equal to the taxes, if any, the Company determines it is required to withhold under applicable tax laws with respect to the Restricted
Shares. Such payment shall be made in the form of cash. 
  
 (c) Certificates. Certificates evidencing the Restricted Shares shall be issued by the Company and shall be registered in the Director’s name on the stock transfer books of the Company promptly after the
date hereof, but shall remain in the physical custody of the Company or its designee at all times prior to, in the case of any particular Restricted Shares, the applicable Vesting Date. As a condition to the receipt of this Restricted Stock Award,
the Director shall deliver to the Company a stock power, duly endorsed in blank, relating to the Restricted Shares. 
  
 (d) Effect of Termination of Services. 
  
 (i) Except as provided in subsection (ii) of this Section 3(d), unvested Restricted Shares shall be forfeited without
consideration by the Director at any time prior to the Vesting Date upon the Director’s cessation of Board membership. 
  
 (ii) Upon the Director’s cessation of Board membership due to death or Disability, any remaining unvested Restricted Shares shall
vest on the date of such termination. 
  
 (e)
Rights as a Stockholder; Dividends. The Director shall be the record owner of the Restricted Shares unless and until such shares are forfeited pursuant to Section 3(d) hereof or sold or otherwise disposed of, and as record owner shall be
entitled to all rights of a common stockholder of the Company, including, without limitation, voting rights, if any, with respect to the Restricted Shares; provided that any cash or in-kind dividends paid with respect to unvested
Restricted Shares shall be withheld by the Company and shall be paid to the Director, without interest, only when, and if, such Restricted Shares shall become vested. As soon as practicable following the vesting of any Restricted Shares,
certificates for such vested Restricted Shares and any cash dividends or in-kind dividends credited to the Director’s account with respect to such Restricted Shares shall be delivered to the Director or the Director’s beneficiary along
with the stock power relating thereto. 
  

 2 

 (f) Restrictive Legend. All certificates representing Restricted Shares shall have
affixed thereto a legend in substantially the following form, in addition to any other legends that may be required under federal or state securities laws: 
  
 TRANSFER OF THIS CERTIFICATE AND THE SHARES REPRESENTED HEREBY IS RESTRICTED PURSUANT TO THE TERMS OF THE WARNER MUSIC GROUP CORP. 2005 OMNIBUS AWARD PLAN
AND A RESTRICTED STOCK AWARD AGREEMENT, DATED AS OF NOVEMBER 4, 2005, BETWEEN WARNER MUSIC GROUP CORP. AND SHELBY W. BONNIE. A COPY OF SUCH PLAN AND AGREEMENT IS ON FILE AT THE OFFICES OF WARNER MUSIC GROUP CORP. 
  
 (g) Transferability. The Restricted Shares may not at
any time prior to the Vesting Date (as to any particular Restricted Share) be assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Director and any such purported assignment, alienation, pledge, attachment,
sale, transfer or encumbrance shall be void and unenforceable against the Company; provided, that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. 
  
 4. Miscellaneous. 
  
 (a) Notices. Any notice, consent, request or other
communication made or given in accordance with this Agreement shall be in writing and shall be deemed to have been duly given when actually received or, if mailed, three days after mailing by registered or certified mail, return receipt requested,
or one business day after mailing by a nationally recognized express mail delivery service with instructions for next-day delivery, to those persons listed below at their following respective addresses or at such other address or person’s
attention as each may specify by notice to the others: 
  
 To the
Company: 
  
 Warner Music Group Corp. 
 75 Rockefeller Plaza 
 New York, New York
10019 
 Attention: General Counsel 
  
 To the Director: 
  
 The most recent address for the Director in the records of the Company. The Director hereby agrees to promptly provide the Company with written notice of
any change in the Director’s address for so long as this Agreement remains in effect. 
  

 3 

 (b) Bound by Plan. By signing this Agreement, the Director acknowledges that he
has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan. 
  
 (c) Beneficiary. The Director may file with the Board a written designation of a beneficiary on such form as may be prescribed by
the Board and may, from time to time, amend or revoke such designation. If no designated beneficiary survives the Director, the executor or administrator of the Director’s estate shall be deemed to be the Director’s beneficiary.

  
 (d) Successors. The terms of this
Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns, and of the Director and the beneficiaries, executors, administrators, heirs and successors of the Director. 
  
 (e) Entire Agreement. This Agreement contains the
entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersedes all prior communications, representations and negotiations in respect thereto. No change, modification or waiver of any
provision of this Agreement shall be valid unless the same be in writing and signed by the parties hereto. 
  
 (f) GOVERNING LAW; CONSENT TO JURISDICTION. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF DELAWARE APPLICABLE TO AGREEMENTS MADE AND TO BE WHOLLY PERFORMED WITHIN THAT STATE. ANY ACTION TO ENFORCE THIS AGREEMENT MUST BE BROUGHT IN A COURT SITUATED IN, AND THE PARTIES HEREBY CONSENT TO THE JURISDICTION OF, COURTS SITUATED IN NEW
YORK COUNTY, NEW YORK. EACH PARTY HEREBY WAIVES THE RIGHTS TO CLAIM THAT ANY SUCH COURT IS AN INCONVENIENT FORUM FOR THE RESOLUTION OF ANY SUCH ACTION. 
  
 (g) JURY TRIAL WAIVER. THE PARTIES EXPRESSLY AND KNOWINGLY WAIVE ANY RIGHT TO A JURY TRIAL IN THE EVENT ANY ACTION ARISING UNDER OR
IN CONNECTION WITH THIS AGREEMENT IS LITIGATED OR HEARD IN ANY COURT. 
  
 (h) Headings. The headings of the Sections hereof are provided for convenience only and are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Agreement.

  

 4 

 (i) Signature in Counterparts. This Agreement may be signed in counterparts, each
of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. The parties hereto confirm that any facsimile copy of another party’s executed counterpart of this Agreement (or its
signature page thereof) will be deemed to be an executed original thereof. 
  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement. 
  

			
	 Warner Music Group Corp.

		
	 	 	/s/    DAVID H. JOHNSON        
	 By:
	 	David H. Johnson
	 Title:
	 	EVP and General Counsel
		
	 	 	/s/    SHELBY W. BONNIE        
	 	 	Shelby W. Bonnie

  

 5 

 STOCK POWER 
  
 FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
                                    , 1,555 shares of Common
Stock of Warner Music Group Corp., a Delaware corporation, issued pursuant to a Director Restricted Stock Award Agreement between Warner Music Group Corp. and the undersigned, dated November 4, 2005 and standing in the name of the undersigned
on the books of said corporation, represented by Certificate No.         , and does hereby irrevocably constitute and appoint Warner Music Group Corp. as the undersigned’s true and lawful attorney,
for it and in its name and stead, to sell, assign and transfer the said stock on the books of said corporation with full power of substitution in the premises. 
  

					
			
	 Dated:
                            
	 	 	 	  
	 	 	 	 	Shelby W. Bonnie

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