Document:

Exhibit 10.9

 

WORKING
CAPITAL MAINTENANCE AGREEMENT

 

THIS WORKING CAPITAL
MAINTENANCE AGREEMENT (as amended, restated, modified or supplemented from time to time, the “Agreement”) is
dated as of December 15, 2016, and is entered into by and between AURORA COOPERATIVE ELEVATOR COMPANY, a Nebraska cooperative corporation
(“ACE”), and PACIFIC ETHANOL, INC., a corporation organized and existing under the laws of Delaware (“PEI”)
(ACE and PEI are hereinafter referred to individually and collectively as the “Contributor”), in favor of COBANK,
ACB, a federally-chartered instrumentality of the United States (“CoBank”) .

 

RECITALS

 

WHEREAS, Pacific Aurora,
LLC, a limited liability company organized and existing under the laws of Delaware (“PAL”), Pacific Ethanol
Aurora East, LLC, a limited liability company organized and existing under the laws of Delaware (“AE”), and
Pacific Ethanol Aurora West, LLC, a limited liability company organized and existing under the laws of Delaware (“AW”)
(PAL, AE and AW are hereinafter referred to individually and collectively as the “Company”), and CoBank
have entered into that certain Credit Agreement dated of even date herewith (as amended, restated, modified or supplemented from
time to time, the “Credit Agreement”);

 

WHEREAS, Contributor
has a direct or indirect ownership interest in the Company and will derive substantial economic benefits from the loans made by
CoBank to the Company under the Credit Agreement; and

 

WHEREAS, it is a condition
precedent to CoBank making the loans to the Company under the Credit Agreement that Contributor execute and deliver to Lender a
working capital maintenance agreement in substantially the form hereof, and Contributor desires to satisfy such condition precedent;

 

NOW, THEREFORE, for
and in consideration of the premises set forth above, which are incorporated into the Agreement by this reference, the terms and
conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
and intending to be bound hereby, Contributor agrees as follows:

 

AGREEMENT

 

SECTION 1Certain Definitions and
Rules of Construction. Capitalized terms not otherwise defined in this Agreement shall have the respective meanings ascribed
to them by the Credit Agreement, including Annex A thereto, and the Rules of Construction set forth in such Annex A shall apply
to this Agreement.

 

SECTION 2Contribution of Capital.
Contributor agrees to contribute capital to PAL from time to time in accordance with this Agreement to ensure that the Company
maintains the minimum Working Capital threshold of the Consolidated Group required under Section 8.1 of the Credit Agreement (the
“Working Capital Threshold”). In the event that, at the end of any calendar month, the Working Capital of the
Consolidated Group is less than the Working Capital Threshold required for such month, Contributor shall, jointly and severally,
pay cash to PAL, as an equity contribution and not as a loan (except with the prior written consent of CoBank, which consent, if
given, may be subject to the execution of a subordination agreement in form and substance satisfactory to CoBank), in an amount
necessary to increase the Working Capital of the Consolidated Group to the Working Capital Threshold (the “Capital Contribution”).
Contributor shall make all Capital Contributions no later than (a) three (3) days after the Company delivers its Compliance Certificate
to CoBank for the applicable calendar month or (b) thirty-three (33) days after the end of the applicable calendar month, whichever
occurs first, and shall contemporaneously deliver to CoBank evidence of such Capital Contribution reasonably satisfactory to CoBank.
Contributor agrees that any Capital Contribution shall be deemed to be an equity contribution to the capital of PAL and such payment
shall not be deemed a loan or cause Contributor to be a creditor of PAL or the Company (except with the prior written consent of
CoBank, which consent, if given, may be subject to the execution of a subordination agreement in form and substance satisfactory
to CoBank). For the avoidance of doubt, any Capital Contribution required to be made by PEI may be made by PEI through PEC.

 

 

 

    	 	1	 

     

    

 

SECTION 3Limitation on Working Capital
Contributions. Notwithstanding any provision in this Agreement to the contrary, the obligations of Contributor under this Agreement
shall be limited to the aggregate of Fifteen Million Dollars ($15,000,000) in Capital Contributions.

 

SECTION 4Joint and Several Obligations.
Contributor’s obligations hereunder shall be joint and several, and independent of the obligations under any other Loan Documents
and any Obligations of the Company, and a separate action or actions may be brought and prosecuted against Contributor whether
action is brought against the Company or whether the Company be joined in any such action or actions; and Contributor waives the
benefit of any statutes of limitations or right to reduction, setoff or other modification affecting its liability hereunder or
the enforcement thereof. Contributor’s obligations under this Agreement shall be primary, absolute and unconditional, irrespective
of, and unaffected by (a) changes in the ownership of the Company resulting in Contributor’s ownership interest, direct or
indirect, being increased, reduced or eliminated; (b) the genuineness, validity, regularity, enforceability or any future amendment
of, or change in, the Credit Agreement or any other Loan Document; and (c) the absence of any action to enforce the Credit Agreement
or any other Loan Documents or the waiver or consent by CoBank with respect to any of the provisions of the Credit Agreement or
any other Loan Document.

 

SECTION 5Authorities of CoBank.
Contributor authorizes CoBank, without notice or demand and without affecting liability hereunder, from time to time, to (a)
grant additional credit to the Company, or renew, compromise, extend, accelerate or otherwise change the time for payment of, or
otherwise change the terms of, the Obligations or any part thereof, including increase or decrease of the rate of interest thereon;
(b) amend or modify the Working Capital Threshold, the time for measuring the Working Capital Threshold or any provisions relating
to the Working Capital Threshold; (c) amend or modify, in any manner whatsoever, the Credit Agreement or other Loan Documents;
(d) take any action under or in respect of the Credit Agreement or other Loan Documents in exercise of any remedy, power or privilege
contained therein or available to it at law, equity or otherwise, or waive or refrain from exercising any such remedies, powers
or privileges; and (e) extend or waive the time for any of Contributor’s or the Company’s performance of, or compliance
with, any term, covenant or agreement on its part to be performed or observed under the Credit Agreement or other Loan Documents,
or waive such performance or compliance or consent to a failure of, or departure from, such performance or compliance..

 

SECTION 6Waivers. Contributor
hereby expressly waives to the extent permitted by applicable law:

 

(a)       Any
right to require CoBank, as a condition to proceeding against Contributor, to (i) proceed against the Company or any other person;
(ii) proceed against or exhaust any security held from the Company; or (iii) pursue any other remedy in CoBank’s power whatsoever.

 

(b)       Any
defense arising by reason of any disability or other defense or counter-claim that the Company may assert on the underlying debt,
including but not limited to failure of consideration, breach of warranty, fraud, statute of frauds, bankruptcy, statute of limitations,
lender liability, accord and satisfaction, and usury or by reason of the cessation from any cause whatsoever of the liability of
the Company.

 

(c)       The
pleading or assertion of any defense based on the failure of CoBank to keep Contributor informed of the financial and business
status of the Company, it being expressly acknowledged by Contributor that it is Contributor’s responsibility to keep so
informed.

 

(d)       All
setoffs and counterclaims, and all presentments, demands for performance, notices of nonperformance, protests, notices of dishonor,
notices of sale of foreclosure of any security for the payment of the Obligations under the Credit Agreement, and notices of acceptance
of this Agreement and of the existence, creation, of incurring or new or additional Indebtedness.

 

CONTRIBUTOR WARRANTS AND AGREES THAT EACH
OF THE WAIVERS SET FORTH IN THIS AGREEMENT IS MADE WITH CONTRIBUTOR’S FULL KNOWLEDGE OF ITS SIGNIFICANCE AND CONSEQUENCES
AND THAT, UNDER THE CIRCUMSTANCES, THE WAIVERS ARE REASONABLE AND NOT CONTRARY TO PUBLIC POLICY OR LAW. IF ANY SUCH WAIVER IS DETERMINED
TO BE CONTRARY TO ANY APPLICABLE LAW OR PUBLIC POLICY, SUCH WAIVER SHALL BE EFFECTIVE ONLY TO THE EXTENT PERMITTED BY LAW OR PUBLIC
POLICY.

 

 

 

    	 	2	 

     

    

 

SECTION 7No Waiver. No exercise
or nonexercise of any right hereby given CoBank, no dealing by CoBank with the Company, no change, impairment, or suspension of
any of CoBank’s rights or remedies, shall in any way affect any of the obligations of Contributor hereunder nor give Contributor
any recourse against CoBank. Contributor represents to CoBank that Contributor is now and will be completely familiar with the
business, operation, and condition of the Company, and Contributor waives any right to require CoBank to notify Contributor of
any facts concerning the Company, unknown to Contributor, material or otherwise, which might affect the relationship of CoBank,
Contributor and the Company.

 

SECTION 8Contributor’s
Representations. Contributor represents and warrants that: (a) the authorization, execution, delivery and performance by Contributor
of this Agreement are within Contributor’s powers; (b) this Agreement has been duly authorized, executed and delivered by
Contributor, and constitutes a valid and binding obligation of Contributor, enforceable against it in accordance with its respective
terms; (c) the execution, delivery and performance by Contributor of this Agreement (i) does not require any consent or approval
of, registration or filing with, or any action by, any governmental body, agency, authority or any other person, except those as
have been obtained or made and are in full force and effect, (ii) will not violate any applicable governmental rules, or the organizational
or governing documents and agreements of Contributor and (iii) will not violate or result in a default under any indenture, agreement
or other instrument binding on Contributor or any of Contributor’s assets or give rise to a right thereunder to require any
payment to be made by Contributor.

 

SECTION 9Costs of Enforcement. Contributor
agrees to pay the attorneys’ fees of CoBank and all other costs and expenses which may be incurred by CoBank in the enforcement
of this Agreement.

 

SECTION 10Remedies Cumulative.
This Agreement is entered into in favor of and to the benefit of Cobank and CoBank shall be entitled to enforce the terms and
provisions hereof, including Contributor’s obligations to make any Capital Contribution, from time to time against Contributor
as often as occasion therefor may arise and without the requirement that CoBank exhaust any other remedies available to it. CoBank’s
rights under this Agreement are cumulative and not alternative, and shall not be exhausted by CoBank’s exercise of any one
or more rights hereunder, or otherwise, or by any number of successive actions, unless and until all Obligations of the Company
under the Credit Agreement and Contributor hereunder have been paid or performed. The liability under this Agreement shall continue
notwithstanding the incapacity or disability of Contributor, and its benefits shall inure to CoBank’s successors and assigns.
CoBank may assign this Agreement, in whole or in part, without notice to Contributor. Contributor waives all exemptions and all
setoffs and counterclaims.

 

SECTION 11Continuing Obligations.
Contributor’s obligations under this Agreement shall not be discharged, and this Agreement shall remain in full force and
effect, until all of the Obligations under the Credit Agreement have been satisfied in full, CoBank has no commitment to make any
further advances to the Company under the Credit Agreement and Contributor has sent a valid written demand to CoBank for termination
of this Agreement.

 

SECTION 12Reinstatement of Agreement.
This Agreement shall remain in full force and effect and continue to be effective in the event any petition is filed by or
against Contributor or the Company for liquidation or reorganization, in the event Contributor or the Company becomes insolvent
or makes an assignment for the benefit of creditors or in the event a receiver or trustee is appointed for all or any significant
part of Contributor’s or the Company’s assets, and shall continue to be effective or be reinstated, as the case may
be, if at any time payment and performance of the Obligations under the Credit Agreement, or any part thereof, is, pursuant to
applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by CoBank, whether as a “voidable
preference”, “fraudulent conveyance” or otherwise, all as though such payment or performance had not been made.
In the event that any payment of the Obligations under the Credit Agreement, or any part thereof, is rescinded, reduced, restored
or returned, the Obligations under the Credit Agreement or the part thereof so rescinded shall be reinstated, and Contributor’s
obligations hereunder shall be reinstated.

 

 

 

    	 	3	 

     

    

 

SECTION 13Amendment. Neither
this Agreement, nor any provision hereof, may be amended, modified, waived, or discharged except by an instrument in writing duly
signed by, or on behalf of, CoBank.

 

SECTION 14Severability. In case
any right of CoBank herein shall be held to be invalid, illegal, or unenforceable, such invalidity, illegality and/or unenforceability
shall not affect any other right granted hereby.

 

SECTION 15Governing Law. This
Agreement shall be deemed to be a contract under the Laws of the State of Colorado without regard to its conflict of laws principles.

 

SECTION 16SUBMISSION TO JURISDICTION;
SERVICE OF PROCESS; VENUE; WAIVER OF JURY TRIAL. CONTRIBUTOR HEREBY IRREVOCABLY CONSENTS TO THE NONEXCLUSIVE JURISDICTION OF
ANY STATE OR FEDERAL COURT IN DENVER, COLORADO; PROVIDED THAT NOTHING CONTAINED IN THIS AGREEMENT WILL PREVENT COBANK FROM BRINGING
ANY ACTION, ENFORCING ANY AWARD OR JUDGMENT OR EXERCISING ANY RIGHTS AGAINST CONTRIBUTOR INDIVIDUALLY OR AGAINST ANY PROPERTY OF
CONTRIBUTOR WITHIN ANY OTHER COUNTY, STATE OR OTHER FOREIGN OR DOMESTIC JURISDICTION. CONTRIBUTOR ACKNOWLEDGES AND AGREES THAT
THE VENUE PROVIDED ABOVE IS THE MOST CONVENIENT FORUM FOR CONTRIBUTOR AND COBANK. CONTRIBUTOR WAIVES ANY OBJECTION TO VENUE AND
ANY OBJECTION BASED ON A MORE CONVENIENT FORUM IN ANY ACTION INSTITUTED UNDER THIS AGREEMENT. CONTRIBUTOR AND COBANK EACH HEREBY
WAIVE TRIAL BY JURY IN CONNECTION WITH ANY ACTION INSTITUTED UNDER THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT.

 

[Signature Page Follows]

 

 

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF,
the undersigned have executed this Agreement as of the date first set forth above.

 

	 	aurora cooperative elevator company
	 	 
	 	By:	/s/ Chris Vincent     
	 	Name: 	Chris Vincent
	 	Title:	Chief Executive Officer
	 	 	 
	 	 	 
	 	pacific ethanol, inc.
	 	 
	 	By:	/s/ Bryon T. McGregor     
	 	Name: 	Bryon T. McGregor
	 	Title:	Chief Financial Officer

 

 

 

 

 

 

 

 

 

 

 

 

[Working Capital Maintenance Agreement Signature
Page]

 

 

 

 

 

 

 

 

 

    	 	5Exhibit

Exhibit 10.1

THE HAIN CELESTIAL GROUP, INC. 
1111 Marcus Avenue
Lake Success, New York  11042

December 16, 2016

Bank of America, N.A.,
  as Administrative Agent
901 Main Street
Dallas, Texas  75202-3714

Each of the Lenders party to the
  Credit Agreement referred to below
SECOND LIMITED WAIVER AND EXTENSION

Ladies and Gentlemen:

We refer to (a) the Second Amended and Restated Credit Agreement, dated as of December 12, 2014 (as amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among The Hain Celestial Group, Inc., a Delaware corporation (the “Company”), certain Subsidiaries of the Company from time to time party thereto as Designated Borrowers, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”) and (b) the Limited Waiver and Extension, dated as of September 23, 2016 (the “First Waiver”), by and between the Company and the Lenders party thereto, and acknowledged and accepted by the Administrative Agent.  Capitalized terms used herein and not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement. 
Pursuant to the terms of the Credit Agreement (as modified by the First Waiver), the Company is required to deliver to the Administrative Agent (for further delivery to the Lenders), on or prior to the date specified, the following items (all such items, collectively, the “Financial Deliverables” and the sections of the Credit Agreement referenced below that detail such delivery requirements, collectively, the “Financial Deliverables Sections”): 
(a)     In accordance with Section 6.01(a) of the Credit Agreement, as soon as available, but in any event on or prior to December 27, 2016, in respect of the Company’s 2016 fiscal year, a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income, retained earnings and cash flow for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of the Auditor, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” qualification or exception or any qualification or exception as to the scope of such audit (the foregoing, collectively, the “2016 Fiscal Year Financial Statements”).
(b)    In accordance with Section 6.01(b) of the Credit Agreement, as soon as available, but in any event on or prior to (i) December 27, 2016, in respect of first fiscal quarter of the Company’s 2017 fiscal year and (ii) February 14, 2017, in respect of the second fiscal quarter of the Company’s 2017 fiscal year, in each case as to the applicable fiscal quarter, a condensed consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal quarter, the related condensed consolidated statements of income for such fiscal quarter and for the portion of the Company’s fiscal year then ended, and the related condensed consolidated statements of changes in shareholders’ equity and cash flows for the portion of the Company’s fiscal year then ended, in each case setting forth in comparative form, as applicable, the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, certified by a Responsible Officer of the Company as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the Company and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes (the foregoing, collectively, the “2017 Quarterly Financial Statements”).

(c)    In accordance with Section 6.01(c) of the Credit Agreement, as soon as available, but in any event no later than concurrently with the delivery of the 2016 Fiscal Year Financial Statements, copies of the Company’s annual financial projections, on a quarterly basis with respect to the Company’s 2017 fiscal year.
(d)    In accordance with Section 6.02(a) of the Credit Agreement, concurrently with the delivery of the 2016 Fiscal Year Financial Statements, a certificate of the Auditor stating that, in connection with its audit, either (i) nothing came to its attention that caused it to believe that there was a Default or (ii) it was made aware of a Default, and further indicating the nature and status of such event.
(e)    In accordance with Section 6.02(b) of the Credit Agreement, concurrently with the delivery of the 2016 Fiscal Year Financial Statements and each of the 2017 Quarterly Financial Statements, a duly completed Compliance Certificate signed by a Responsible Officer of the Company.
The Company has informed the Administrative Agent and the Lenders that it will be unable to deliver each of the Financial Deliverables (on or prior to the date specified) to the Administrative Agent (for further delivery to the Lenders) under the terms of the Credit Agreement and the related First Waiver.
By this letter (this “Letter”), the Company is requesting that the Required Lenders waive for a specified period of time (and not on a permanent basis), and, subject to the terms and conditions contained herein, the Required Lenders hereby waive for a specified period of time (and not on a permanent basis), for the period from (and including) the Effective Date (as defined below) to (and including) February 27, 2017 (such period, the “Extension Period”), compliance by the Company with each of the Financial Deliverables Sections, solely in respect of any failure by the Company to deliver the Financial Deliverables during such Extension Period.  Without in any way limiting the foregoing waiver, the parties hereto acknowledge, understand and agree that failure by the Company to deliver the Financial Deliverables to the Administrative Agent (for further delivery to the Lenders) on or prior to February 27, 2017 shall constitute an immediate Event of Default.
In addition, it is acknowledged and agreed that the Applicable Rate will remain as currently in effect, notwithstanding the provisions of the paragraph following the table set forth therein until the earlier to occur of (i) the end of the Extension Period and (ii) the date on which a compliance certificate is delivered to the Agent in respect of the Company’s 2016 fiscal year.  Thereafter, the Applicable Rate will once again be set or reset in accordance with the definition thereof; provided that the parties hereto understand, acknowledge and agree that the any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio (as calculated by the applicable Compliance Certificate (whether for the Company’s 2016 fiscal year or the applicable fiscal quarter of the Company’s 2017 fiscal year) shall become effective as of the first Business Day immediately following the last date on which such Compliance Certificate should have been delivered pursuant to Section 6.02(b) of the Credit Agreement (and prior to giving effect to this Letter and the limited waiver and extension contained herein).
In consideration of the agreements and understandings of the Administrative Agent and the Lenders set forth in this Letter, and in order to induce the Lenders to grant the foregoing limited waiver and extension, the Company hereby:
(a)     confirms and restates all representations and warranties contained in the Credit Agreement and the other Loan Documents as of the date hereof; and
(b)     confirms that, as of the date hereof, no Default has occurred and is continuing.
This Letter shall become effective on the date (the “Effective Date”) the Administrative Agent shall have received counterparts of this Letter duly executed by the Company and the Lenders representing not fewer than the Required Lenders.  None of the terms, conditions or provisions contained in this Letter is intended to be enforceable or interpreted, or shall be construed, against any of the parties hereto in the event that the condition precedent set forth in the immediately preceding sentence is not satisfied on or before December 19, 2016.

2

This Letter shall be strictly limited to its terms.  Except with respect to the limited waiver and extension granted herein with respect to the Financial Deliverables, no provision contained herein is or shall be deemed to be a waiver or abandonment of any Default (whether presently or subsequently existing) or any rights or remedies available to the Lenders under the Loan Documents, applicable law or otherwise, each of which rights, powers or remedies is hereby specifically and expressly reserved, including the right to seek judgment against the Company and/or any other Person, to foreclose any interest in any collateral (if any) held by the Administrative Agent or in which the Administrative Agent has a security interest or other Lien, or to take any other action permitted under the Loan Documents and/or applicable law.  Without limiting the generality of the foregoing, (a) the Company acknowledges and agrees that this Letter is not intended to, nor shall it, establish any course of dealing between Company, the Administrative Agent and the Lenders, or any thereof, that is inconsistent with the express terms of the Loan Documents; (b) nothing contained herein shall be deemed to constitute on the part of the Administrative Agent or any Lender any commitment or agreement to enter into any further amendment or other modification; and (c) notwithstanding any course of dealing between the Company, the Administrative Agent and the Lenders, or any thereof, prior to the date hereof, the Administrative Agent and the Lenders shall not be obligated to make any Loan or issue any Letter of Credit, except in accordance with the terms and conditions of the Credit Agreement and the other Loan Documents.
In consideration of the agreements and understandings set forth in this Letter, the Company (on behalf of itself and its Subsidiaries) hereby knowingly and voluntarily, unconditionally and irrevocably, absolutely, finally and forever releases, acquits and discharges the Administrative Agent and each of the Lenders party hereto from any action, suit, claim, cause of action or other similar proceeding or right (a “Claim”) relating in any manner whatsoever to this Letter or any of the other Loan Documents and/or the Company’s or any other Loan Party’s credit relationship with the Lenders party hereto in connection with the Loan Documents that may have existed on or prior to the Effective Date (a “Borrower-Related Claim”).  The Company hereby knowingly and voluntarily, unconditionally and irrevocably, absolutely, finally and forever covenants that it will refrain, and further will direct any Subsidiary to refrain, from commencing or otherwise prosecuting any Claim, in law or in equity, against the Administrative Agent or any Lender party hereto on account of any Borrower-Related Claim.  Each of the Administrative Agent and each Lender party hereto shall be entitled to enforce this covenant through specific performance.  In addition to the other liability which shall accrue upon the breach of this covenant, the breaching party (including, without limitation, any Subsidiary of the Company who or that commences or prosecutes any such Claim) shall be liable to the Administrative Agent or any such Lender, as applicable, for all reasonable attorneys’ fees and costs incurred by such party in the defense of such Claim.
Without limiting any of the foregoing, the Company acknowledges and agrees that (a) each of the Loan Documents (including the Credit Agreement) shall remain unchanged (other than as expressly set forth, and only to the limited extent provided, in this Letter) and shall continue in full force and effect in accordance with its terms, and this Letter shall be strictly limited to its terms with respect to the express provisions hereunder, and to this occasion alone, and (b) no waiver, extension, amendment or other modification by any Lender hereunder shall (i) be applicable to subsequent transactions or (ii) require any other waiver, extension, amendment or other modification thereof (whether similar or dissimilar to the limited waiver and extension granted by this Letter).
This Letter may be executed by the parties hereto in several counterparts, each of which shall be an original and all of which shall constitute together but one and the same agreement.  Delivery of an executed counterpart of a signature page to this Letter by facsimile or electronic mail transmission shall be effective as delivery of a manually executed counterpart of this Letter.
THIS LETTER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.  Except as expressly waived by this Letter, all of the terms and provisions of the Credit Agreement and the other Loan Documents shall remain in full force and effect.  This Letter is a Loan Document executed pursuant to the Credit Agreement and shall be construed and administered in accordance with all of the terms and provisions of the Credit Agreement.  WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, THE JURY TRIAL WAIVER SET FORTH IN SECTION 10.15 OF THE CREDIT AGREEMENT IS APPLICABLE IN ALL RESPECTS TO ANY PROCEEDING RELATING IN ANY MANNER TO THIS LETTER.

3

If you are in agreement with the foregoing terms, kindly execute this Letter in the space provided below and deliver to the Administrative Agent an executed counterpart of this Letter.                
	
		
	 
	Very truly yours,

	 
	 

	 
	THE HAIN CELESTIAL GROUP, INC.

	 
	 

	By:
	/s/ Pasquale Conte

	Name:
	Pasquale Conte

	Title:
	E.V.P & C.F.O.

       
                    
 

THE LIMITED WAIVER AND EXTENSION SET
FORTH ABOVE IS HEREBY ACKNOWLEDGED
AND ACCEPTED AS OF THE DATE FIRST
ABOVE WRITTEN:

BANK OF AMERICA, N.A.,
  as Administrative Agent

By:   	
	
	/s/ Ronaldo Naval

         Name: Ronaldo Naval
         Title: Vice President

THE LIMITED WAIVER AND EXTENSION SET
FORTH ABOVE IS HEREBY ACKNOWLEDGED,
AGREED TO AND ACCEPTED AS OF THE DATE
FIRST ABOVE WRITTEN: 

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

By:  	
	
	/s/ Jana L. Baker

       Name: Jana L. Baker
        Title: Senior Vice President

 
WELLS FARGO BANK, NA,          
   as a Lender

By:   	
	
	/s/ Stephanie Allegra

         Name: Stephanie Allegra
         Title: Senior Vice President

JP MORGAN CHASE BANK, N.A., 
   as a Lender

By:   	
	
	/s/ Anthony Galea

         Name: Anthony Galea
         Title: Vice President

CITIZENS BANK, N.A., 
   as a Lender

By:   	
	
	/s/ Barrett D. Bencivenga

         Name: Barrett D. Bencivenga
         Title: Managing Director

FARM CREDIT EAST, ACA,
   as a Lender

By:   	
	
	/s/ Justin Brown

         Name: Justin Brown
         Title: Vice President

HSBC BANK USA, NATIONAL ASSOCIATION,
   as a Lender

By:   	
	
	/s/ James W. Bravyak

         Name: James W. Bravyak #21253
         Title: Senior Vice President

COBANK, ACB, 
   as a Lender

By:   	
	
	/s/ Natalya Rivkin

         Name: Natalya Rivkin
         Title: Vice President

CAPITAL ONE, NATIONAL ASSOCIATION,
   as a Lender

By:   	
	
	/s/ Jed Pomerantz

         Name: Jed Pomerantz
         Title: Senior Vice President

KEYBANK NATIONAL ASSOCIATION,
   as a Lender

By:   	
	
	/s/ Matthew J. Bradley

         Name: Matthew J. Bradley
         Title: Vice President

COOPERATIEVE RABOBANK U.A., NEW YORK BRANCH,
   as a Lender

By:   	
	
	/s/ Michael T. Harder

         Name: Michael T. Harder
         Title: Executive Director

By:   	
	
	/s/ Sarah Fleet

         Name: Sarah Fleet
         Title: Vice President

SUNTRUST BANK, 
   as a Lender

By:   	
	
	/s/ Tesha Winslow

         Name: Tesha Winslow 
         Title: Director

TD BANK, N.A.,
   as a Lender

By:   	
	
	/s/ John Topolovec

         Name:  John Topolovec
         Title: Vice President

AG FIRST FARM CREDIT BANK,
   as a Lender

By:   	
	
	/s/ Matthew H. Jeffords

         Name:  Matthew H. Jeffords
         Title: Vice President

KBC BANK NV, NEW YORK BRANCH,
   as a Lender

By:   	
	
	/s/ Deborah Carlson

         Name:  Deborah Carlson
         Title: Director

By:   	
	
	/s/ Thomas R. Lalli

         Name:  Thomas R. Lalli
         Title: Managing Director

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