Document:

Exhibit 10.32

 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETED ASTERISKS [***], HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24B-2 OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.

 

SCHEDULES TO THE GUARANTY AND SECURITY AGREEMENT, DATED NOVEMBER 18, 2015, AMONG THE COMPANY, BSP AGENCY, LLC, AND THE OTHER GUARANTORS PARTY THERETO

 

SCHEDULE 1

 

COMMERCIAL TORT CLAIMS

 

None.

 

 

SCHEDULE 2

 

COPYRIGHTS

 

	
 
    	
 
    	
Entity
    	
 
    	
Copyright
    	
 
    	
Jurisdiction
    	
 
    	
Reg. No.
    	
 
    	
Registration
   Date
    
	
1.
    	
 
    	
Rader Farms, Inc.
    	
 
    	
“TS 2000 Program”, a computer program for database   management system
    	
 
    	
United States Copyright Office
    	
 
    	
TXu001012781
    	
 
    	
August 6, 2001
    

 

 

SCHEDULE 3

 

INTELLECTUAL PROPERTY LICENSES

 

	
 
    	
 
    	
Name of Licensee
    	
 
    	
Name of Licensor
    	
 
    	
Country/
   State
    	
 
    	
Registration
   Numbers
    	
 
    	
Description
    
	
1.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
TGI Fridays of Minnesota
    	
 
    	
USA
    	
 
    	
N/A
    	
 
    	
The use of all TGI Fridays marks with respect to   potato chips, potato based snack chips, tortilla/tostada chips, corn based   snack chips, veggie based snack chips, cheese snacks, popcorn and pub mixes
    
	
2.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Seattle’s Best Coffee LLC
    	
 
    	
USA
    	
 
    	
N/A
    	
 
    	
The use of the name “SEATTLE’S BEST COFFEE” in   connection with the manufacture and sale of frozen coffee based beverage kits   in multiple flavors in the U.S. and Canada
    
	
3.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Nathan’s Famous Systems Inc.
    	
 
    	
USA
    	
 
    	
N/A
    	
 
    	
The use of proprietary marks of Nathan’s Famous   Systems with respect to potato chips, tortilla chips, corn chips, extruded   and pellet salty snacks, soy crisps and multigrain crisps.
    
	
4.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Jamba Juice Company
    	
 
    	
USA
    	
 
    	
N/A
    	
 
    	
The use of the name “JAMBA”, its logo, and other   registered Jamba Juice product names in connection with the manufacture and   sale of frozen smoothie kits in the U.S. and Canada.
    
	
5.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Vidalia Brands Inc.
    	
 
    	
USA
    	
 
    	
N/A
    	
 
    	
The manufacture, sale of Vidalia Brands, which   consist of onion rings, onion petals, potato chips, potato crisps and   tortilla chips.
    
	
6.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Miles Willard Technologies, LLP
    	
 
    	
USA
    	
 
    	
N/A
    	
 
    	
The mutual development of certain products and marks   with Miles Willard Technologies.
    

 

 

SCHEDULE 4

 

PATENTS

 

	
 
    	
 
    	
Entity
    	
 
    	
Description
    	
 
    	
Jurisdiction
    	
 
    	
Registration
   or Serial
   No.
    	
 
    	
Registration/
   Filing Date
    
	
1.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
D489864 “The ornamental design for a snack food, as   shown and described.”
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
D489864
    	
 
    	
May 18, 2004
    
	
2.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
We have patent pending technology to apply nutrients   sourced from fruits and vegetables to boost the nutrition level in our fortified   fruit products.  In 2014, we introduced Rader Farms® Fruit   PLUS VitaminsTM, the first-ever fortified whole frozen fruit product.    Using proprietary technology and topical nutrients sourced from whole fruits   and vegetables, Fruit PLUS Vitamins builds on naturally-occurring   vitamins found within whole strawberries, blueberries and blackberries and   boosts the nutrition level with five additional vitamins: B1, B6, D, E and K.
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
Serial No. 14/190,557
    	
 
    	
February 26, 2014
    

 

 

SCHEDULE 5

 

PLEDGED COMPANIES

 

	
Name of Grantor
    	
 
    	
Name of Pledged
   Company
    	
 
    	
Number of
   Shares/Units
    	
 
    	
Class of
   Interests
    	
 
    	
Percentage
   of Class
   Owned
    	
 
    	
Percentage of
   Class Pledged
    	
 
    	
Certifi-
   cate Nos.
    	
 
    
	
Inventure   Foods, Inc.
    	
 
    	
La Cometa   Properties, Inc.
    	
 
    	
1,000
    	
 
    	
Common Stock
    	
 
    	
100
    	
%
    	
100
    	
%
    	
N/A
    	
 
    
	
Inventure   Foods, Inc.
    	
 
    	
Poore Brothers –   Bluffton, LLC
    	
 
    	
N/A
    	
 
    	
LLC Interests
    	
 
    	
100
    	
%
    	
100
    	
%
    	
N/A
    	
 
    
	
Inventure   Foods, Inc.
    	
 
    	
Tejas PB   Distributing, Inc.
    	
 
    	
1,000
    	
 
    	
Common Stock
    	
 
    	
100
    	
%
    	
100
    	
%
    	
N/A
    	
 
    
	
Inventure   Foods, Inc.
    	
 
    	
Boulder Natural   Foods, Inc.
    	
 
    	
1,000
    	
 
    	
Common Stock
    	
 
    	
100
    	
%
    	
100
    	
%
    	
N/A
    	
 
    
	
Inventure   Foods, Inc.
    	
 
    	
BN Foods, Inc.
    	
 
    	
1,000
    	
 
    	
Common Stock
    	
 
    	
100
    	
%
    	
100
    	
%
    	
N/A
    	
 
    
	
Inventure   Foods, Inc.
    	
 
    	
Rader Farms, Inc.
    	
 
    	
1,000
    	
 
    	
Common Stock
    	
 
    	
100
    	
%
    	
100
    	
%
    	
N/A
    	
 
    
	
Inventure   Foods, Inc.
    	
 
    	
Willamette Valley Fruit   Company
    	
 
    	
1,000
    	
 
    	
Common Stock
    	
 
    	
100
    	
%
    	
100
    	
%
    	
N/A
    	
 
    
	
Inventure   Foods, Inc.
    	
 
    	
Fresh Frozen   Foods, Inc.
    	
 
    	
1,000
    	
 
    	
Common Stock
    	
 
    	
100
    	
%
    	
100
    	
%
    	
N/A
    	
 
    

 

 

SCHEDULE 6

 

TRADEMARKS

 

(i) Registered trademarks & applications

 

	
 
    	
 
    	
Entity
    	
 
    	
Mark
    	
 
    	
Jurisdiction
    	
 
    	
Reg. or
   Serial No.
    	
 
    	
Registration/Filing
   Date
    
	
1.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Boulder Canyon
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3720046
    	
 
    	
December 1, 2009
    
	
2.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Boulder Canyon Authentic Foods
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
4846002
    	
 
    	
April 10, 2015
    
	
3.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Boulder Canyon Natural Foods
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
4137949
    	
 
    	
May 8, 2012
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4137948
    	
 
    	
May 8, 2012
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4079714
    	
 
    	
Jan 3, 2012
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
4079713
    	
 
    	
Jan 3, 2012
    
	
4.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Canyon Cut
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3576952
    	
 
    	
February 17, 2009
    
	
5.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Rader Farms
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3377878
    	
 
    	
February 5, 2008
    
	
6.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Poore Brothers
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
2117466
    	
 
    	
December 2, 1997
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
1911595
    	
 
    	
August 15, 1995
    
	
7.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Intensely Different
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3428071
    	
 
    	
May 13, 2008
    
	
8.
    	
 
    	
Tejas PB Distributing Corporation
    	
 
    	
Texas Style
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
1467561
    	
 
    	
December 1, 1987
    
	
9.
    	
 
    	
Poore Brothers – Bluffton, LLC
    	
 
    	
Tato Skins
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
1424126
    	
 
    	
January 6, 1987
    
	
10.
    	
 
    	
Poore Brothers – Bluffton, LLC
    	
 
    	
O’Boisies
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
1511130
    	
 
    	
November 1, 1988
    
	
11.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Pizzarias
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
2459870
    	
 
    	
June 12, 2001
    

 

 

	
 
    	
 
    	
Entity
    	
 
    	
Mark
    	
 
    	
Jurisdiction
    	
 
    	
Reg. or
   Serial No.
    	
 
    	
Registration/Filing
   Date
    
	
12.
    	
 
    	
Poore Brothers – Bluffton, LLC
    	
 
    	
Braids
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
1537532
    	
 
    	
May 2, 1989
    
	
13.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Fresh Frozen
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3185430
    	
 
    	
December 19, 2006
    
	
14.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Sin In A Tin
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3461983
    	
 
    	
July 8, 2008
    
	
15.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Inventure Foods
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
4080746
    	
 
    	
January 3, 2012
    
	
16.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Fresh Frozen
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3113447
    	
 
    	
July 11, 2006
    
	
17.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Nature’s Three Berries
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3377879
    	
 
    	
February 5, 2008
    
	
18.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Summers Peak
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3617289
    	
 
    	
May 5, 2009
    
	
19.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
 
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3670911
    	
 
    	
August 18, 2009
    
	
20.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
The Inventure Group
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3756226
    	
 
    	
March 2, 2010
    
	
21.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
 
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
3756227
    	
 
    	
March 2, 2010
    
	
22.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Arise
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
4586085
    	
 
    	
August 12, 2014
    
	
23.
    	
 
    	
Poore Brothers – Bluffton, LLC
    	
 
    	
Braids
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
1417946
    	
 
    	
November 18, 1986
    
	
24.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Lemon Lust
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
77334268
    	
 
    	
July 15, 2008
    
	
25.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Boulder Canyon Authentic Foods Zoodels
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
86424593
    	
 
    	
October 15, 2014
    
	
26.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Voodles
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
86424595
    	
 
    	
October 15, 2014
    
	
27.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Blend-a-Bowl
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
86532744
    	
 
    	
June 30, 2015
    
	
28.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Color Your Freezer
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
86703176
    	
 
    	
July 23, 2015
    
	
29.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Farm to Freezer
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
86703184
    	
 
    	
July 23, 2015
    

 

 

	
 
    	
 
    	
Entity
    	
 
    	
Mark
    	
 
    	
Jurisdiction
    	
 
    	
Reg. or
   Serial No.
    	
 
    	
Registration/Filing
   Date
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
and Trademark Office
    	
 
    	
 
    	
 
    	
 
    
	
30.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Quality You Can See . . . And Taste
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
86775706
    	
 
    	
October 1, 2015
    
	
31.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Soupables
    	
 
    	
United States Patent and Trademark Office
    	
 
    	
86800544
    	
 
    	
October 27, 2015
    
	
32.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Boulder Canyon Authentic Foods
    	
 
    	
Canada
    	
 
    	
1723351
    	
 
    	
Pending registration
    
	
33.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Boulder Canyon
    	
 
    	
OHIM
    	
 
    	
10021749
    	
 
    	
July 11, 2011
    
	
34.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Boulder Canyon Natural Foods
    	
 
    	
OHIM
    	
 
    	
10022374
    	
 
    	
July 11, 2011
    
	
35.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Trois Baies de la Nature
    	
 
    	
Canada
    	
 
    	
1462792
    	
 
    	
January 1 12, 2012
    
	
36.
    	
 
    	
Inventure Foods Inc.
    	
 
    	
Rader Farms
    	
 
    	
Canada
    	
 
    	
1454992
    	
 
    	
March 11, 2011
    
	
37.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Nature’s Three Berries
    	
 
    	
Canada
    	
 
    	
1454990
    	
 
    	
March 11, 2011
    
	
38.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Boulder Canyon Authentic Foods
    	
 
    	
WIPO (JP & MX)
    	
 
    	
1267046
    	
 
    	
April 17, 2015
    

 

 

(ii)           Other Trademarks: trade names

 

	
 
    	
 
    	
Trade Name/Style
    	
 
    	
Jurisdiction(s) of Use
    
	
1.
    	
 
    	
Boulder Canyon
    	
 
    	
United States, Canada, Australia, Japan
    
	
2.
    	
 
    	
Canyon Cut
    	
 
    	
United States
    
	
3.
    	
 
    	
Rader Farms
    	
 
    	
United States, Canada, England
    
	
4.
    	
 
    	
Poore Brothers
    	
 
    	
United States
    
	
5.
    	
 
    	
Intensely Different
    	
 
    	
United States
    
	
6.
    	
 
    	
Texas Style
    	
 
    	
United States
    
	
7.
    	
 
    	
Tato Skins
    	
 
    	
United States
    
	
8.
    	
 
    	
O’Boisies
    	
 
    	
United States
    
	
9.
    	
 
    	
Pizzarias
    	
 
    	
United States
    
	
10.
    	
 
    	
Braids
    	
 
    	
United States
    
	
11.
    	
 
    	
Willamette Valley Fruit Company
    	
 
    	
United States
    
	
12.
    	
 
    	
Fresh Frozen
    	
 
    	
United States
    
	
13.
    	
 
    	
Sin In A Tin
    	
 
    	
United States
    
	
14.
    	
 
    	
T.G.I Fridays (licensed)
    	
 
    	
United States, Canada, Spain
    
	
15.
    	
 
    	
Jamba (licensed)
    	
 
    	
United States, Canada
    
	
16.
    	
 
    	
Nathan’s Famous (licensed)
    	
 
    	
United States
    
	
17.
    	
 
    	
Vidalia Brands (licensed)
    	
 
    	
United States, Canada
    
	
18.
    	
 
    	
Seattle’s Best Coffee (licensed)
    	
 
    	
United States, Canada
    

 

 

SCHEDULE 7

 

NAME; CHIEF EXECUTIVE OFFICE; TAX IDENTIFICATION NUMBERS AND ORGANIZATIONAL NUMBERS

 

	
Legal Name
    	
 
    	
Organizational Number
    	
 
    	
Federal Taxpayer
   Identification Number
    	
 
    	
Jurisdiction of
   Formation
    	
 
    	
Chief Executive Office
    
	
Inventure   Foods, Inc.
    	
 
    	
2483575
    	
 
    	
86-0786101
    	
 
    	
Delaware
    	
 
    	
5415 E. High   Street, Suite 350
   Phoenix, AZ  85054
    
	
La Cometa   Properties, Inc.
    	
 
    	
08064380
    	
 
    	
[***]
    	
 
    	
Arizona
    	
 
    	
5415 E. High   Street, Suite 350
   Phoenix, AZ  85054
    
	
Poore Brothers –   Bluffton, LLC
    	
 
    	
2867321
    	
 
    	
[***]
    	
 
    	
Delaware
    	
 
    	
5415 E. High   Street, Suite 350
   Phoenix, AZ  85054
    
	
Tejas PB   Distributing, Inc.
    	
 
    	
08541660
    	
 
    	
[***]
    	
 
    	
Arizona
    	
 
    	
5415 E. High   Street, Suite 350
   Phoenix, AZ  85054
    
	
Boulder Natural   Foods, Inc.
    	
 
    	
09522220
    	
 
    	
[***]
    	
 
    	
Arizona
    	
 
    	
5415 E. High   Street, Suite 350
   Phoenix, AZ  85054
    
	
BN Foods, Inc.
    	
 
    	
19971102791
    	
 
    	
[***]
    	
 
    	
Colorado
    	
 
    	
5415 E. High   Street, Suite 350
   Phoenix, AZ  85054
    
	
Rader Farms, Inc.
    	
 
    	
4351069
    	
 
    	
[***]
    	
 
    	
Delaware
    	
 
    	
55415 E. High   Street, Suite 350
   Phoenix, AZ  85054
    
	
Willamette Valley Fruit   Company
    	
 
    	
5332216
    	
 
    	
[***]
    	
 
    	
Delaware
    	
 
    	
5415 E. High   Street, Suite 350
   Phoenix, AZ  85054
    
	
Fresh Frozen   Foods, Inc.
    	
 
    	
5408943
    	
 
    	
[***]
    	
 
    	
Delaware
    	
 
    	
5415 E. High   Street, Suite 350
   Phoenix, AZ  85054
    

 

[***] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

 

SCHEDULE 8

 

OWNED REAL PROPERTY

 

	
 
    	
 
    	
Entity of Record
    	
 
    	
Common Name and Address
    	
 
    	
Purpose/
   Use
    	
 
    	
Improvements
    
	
1.
    	
 
    	
La Cometa   Properties, Inc.
    	
 
    	
3500 S. La Cometa Drive

Goodyear, AZ 85338
    	
 
    	
Snack food   manufacturing
    	
 
    	
Yes
    
	
2.
    	
 
    	
Fresh Frozen   Foods, Inc.
    	
 
    	
1814 Washington Street

Jefferson, GA 30549
    	
 
    	
Frozen   vegetables
    	
 
    	
Yes
    
	
3.
    	
 
    	
Fresh Frozen   Foods, Inc.
    	
 
    	
600 Cassidy Road

Thomasville, GA 31792
    	
 
    	
Vegetable   plant/factory
    	
 
    	
Yes
    
	
4.
    	
 
    	
La Cometa Properties, Inc.
    	
 
    	
705 W. Dustman Road

Bluffton, IN 46714
    	
 
    	
Snack food   manufacturing
    	
 
    	
Yes
    

 

 

SCHEDULE 9

 

DEPOSIT ACCOUNTS AND SECURITIES ACCOUNTS

 

	
 
    	
 
    	
Owner
    	
 
    	
Type of Account
    	
 
    	
Name of Institution and
   Address
    	
 
    	
Account No.
    
	
1.
    	
 
    	
Inventure   Foods, Inc.
    	
 
    	
Operating   account
    	
 
    	
US Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
2.
    	
 
    	
Inventure   Foods, Inc.
    	
 
    	
401k account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
3.
    	
 
    	
Inventure   Foods, Inc.
    	
 
    	
Payroll account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN 55101-0800
    	
 
    	
[***]
    
	
4.
    	
 
    	
Inventure   Foods, Inc.
    	
 
    	
Accounts payable
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
5.
    	
 
    	
Inventure   Foods, Inc.
    	
 
    	
Flex spending
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
6.
    	
 
    	
La Cometa Properties, Inc.
    	
 
    	
Disbursement   account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
7.
    	
 
    	
Inventure   Foods, Inc.
    	
 
    	
Arizona CD
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
8.
    	
 
    	
Rader   Farms, Inc.
    	
 
    	
CD account
    	
 
    	
US Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
9.
    	
 
    	
Rader   Farms, Inc.
    	
 
    	
Operating   account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    

 

[***] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

 

	
 
    	
 
    	
Owner
    	
 
    	
Type of Account
    	
 
    	
Name of Institution and
   Address
    	
 
    	
Account No.
    
	
10.
    	
 
    	
Willamette   Valley Fruit Company
    	
 
    	
Payroll account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
11.
    	
 
    	
Inventure   Foods, Inc.
    	
 
    	
Non-qualified   checking account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
12.
    	
 
    	
Willamette   Valley Fruit Company
    	
 
    	
Operation   account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
13.
    	
 
    	
Fresh Frozen   Foods, Inc.
    	
 
    	
Operating   account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
14.
    	
 
    	
Fresh Frozen   Foods, Inc.
    	
 
    	
Damages account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
15.
    	
 
    	
Fresh Frozen   Foods, Inc.
    	
 
    	
Controlled   account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
16.
    	
 
    	
Willamette   Valley Fruit Company
    	
 
    	
Account
    	
 
    	
US   Bancorporation

PO Box 1800

Saint Paul, MN   55101-0800
    	
 
    	
[***]
    
	
17.
    	
 
    	
Inventure   Foods, Inc.
    	
 
    	
Corporate   buyback account (treasury stock)
    	
 
    	
B. Riley and   Company

11100 Santa   Monica Boulevard Suite 800

Los Angeles, CA   90025
    	
 
    	
[***]
    

 

[***] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

 

SCHEDULE 10

 

CONTROLLED ACCOUNT BANKS

 

1.                                      U.S. Bank National Association

2.                                      Wells Fargo Bank, National Association

 

 

SCHEDULE 11

 

LIST OF UNIFORM COMMERCIAL CODE FILING JURISDICTIONS

 

	
 
    	
 
    	
Grantor
    	
 
    	
Jurisdiction
    
	
1.
    	
 
    	
BN Foods, Inc.
    	
 
    	
Colorado Secretary of State
    
	
2.
    	
 
    	
Poore Brothers-Bluffton, LLC
    	
 
    	
Delaware Secretary of State
    
	
3.
    	
 
    	
Rader Farms, Inc.
    	
 
    	
Delaware Secretary of State
    
	
4.
    	
 
    	
Willamette Valley Fruit Company
    	
 
    	
Delaware Secretary of State
    
	
5.
    	
 
    	
Boulder Natural Foods, Inc.
    	
 
    	
Arizona Secretary of State
    
	
6.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Delaware Secretary of State
    
	
7.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Delaware Secretary of State
    
	
8.
    	
 
    	
La Cometa Properties, Inc.
    	
 
    	
Arizona Secretary of State
    
	
9.
    	
 
    	
Tejas PB Distributing, Inc.
    	
 
    	
Arizona Secretary of State
    

 

 

SCHEDULE 12

 

MOTOR VEHICLES

 

	
 
    	
 
    	
Owner
    	
 
    	
Description
    	
 
    	
Year
    	
 
    	
State
    	
 
    	
VIN / Serial No.
    
	
1.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Mercedes
    	
 
    	
Van
    	
 
    	
2010
    	
 
    	
AZ
    	
 
    	
[***]
    
	
2.
    	
 
    	
Inventure Foods, Inc.
    	
 
    	
Ford
    	
 
    	
F-150
    	
 
    	
2011
    	
 
    	
AZ
    	
 
    	
[***]
    
	
3.
    	
 
    	
Willamette Valley Fruit Company
    	
 
    	
‘53 Utility
    	
 
    	
Reefer Trailer
    	
 
    	
2001
    	
 
    	
OR
    	
 
    	
[***]
    
	
4.
    	
 
    	
Willamette Valley Fruit Company
    	
 
    	
Freightliner
    	
 
    	
Reefer
    	
 
    	
1997
    	
 
    	
OR
    	
 
    	
[***]
    
	
5.
    	
 
    	
Willamette Valley Fruit Company
    	
 
    	
Freightliner
    	
 
    	
Columbia Tractor
    	
 
    	
2003
    	
 
    	
OR
    	
 
    	
[***]
    
	
6.
    	
 
    	
Willamette Valley Fruit Company
    	
 
    	
Ford
    	
 
    	
F-150
    	
 
    	
2010
    	
 
    	
OR
    	
 
    	
[***]
    
	
7.
    	
 
    	
Willamette Valley Fruit Company
    	
 
    	
Ford
    	
 
    	
F-150
    	
 
    	
2004
    	
 
    	
OR
    	
 
    	
[***]
    
	
8.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Freightliner
    	
 
    	
6X4
    	
 
    	
2000
    	
 
    	
GA
    	
 
    	
[***]
    
	
9.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Peterbilt
    	
 
    	
6X4
    	
 
    	
2000
    	
 
    	
GA
    	
 
    	
[***]
    
	
10.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Great Dane
    	
 
    	
Utility Trailer
    	
 
    	
1991
    	
 
    	
GA
    	
 
    	
[***]
    
	
11.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Freightliner
    	
 
    	
Classic XL
    	
 
    	
2000
    	
 
    	
GA
    	
 
    	
[***]
    
	
12.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Great Dane
    	
 
    	
MDL7811TZ-1A
    	
 
    	
2000
    	
 
    	
GA
    	
 
    	
[***]
    
	
13.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Freightliner
    	
 
    	
Conventional
    	
 
    	
2005
    	
 
    	
GA
    	
 
    	
[***]
    
	
14.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Great Dane
    	
 
    	
Van Trailer
    	
 
    	
2004
    	
 
    	
GA
    	
 
    	
[***]
    
	
15.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Great Dane
    	
 
    	
7811 TZ-1A
    	
 
    	
2006
    	
 
    	
GA
    	
 
    	
[***]
    
	
16.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Great Dane
    	
 
    	
7811
    	
 
    	
2003
    	
 
    	
GA
    	
 
    	
[***]
    
	
17.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Great Dane
    	
 
    	
Trailer
    	
 
    	
2011
    	
 
    	
GA
    	
 
    	
[***]
    
	
18.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Utility Reefer
    	
 
    	
Trailer
    	
 
    	
1995
    	
 
    	
GA
    	
 
    	
[***]
    
	
19.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Ford
    	
 
    	
Econoline
    	
 
    	
2005
    	
 
    	
GA
    	
 
    	
[***]
    
	
20.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Utility Reefer
    	
 
    	
Trailer
    	
 
    	
1993
    	
 
    	
GA
    	
 
    	
[***]
    

 

[***] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

 

	
 
    	
 
    	
Owner
    	
 
    	
Description
    	
 
    	
Year
    	
 
    	
State
    	
 
    	
VIN / Serial No.
    
	
21.
    	
 
    	
Fresh Frozen Foods, Inc.
    	
 
    	
Great Dane
    	
 
    	
Van Trailer
    	
 
    	
1997
    	
 
    	
GA
    	
 
    	
[***]
    
	
22.
    	
 
    	
Rader Farms Inc.
    	
 
    	
INTL 4300
    	
 
    	
Flatbed
    	
 
    	
2004
    	
 
    	
WA
    	
 
    	
[***]
    
	
23.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Blue Bird
    	
 
    	
Bus
    	
 
    	
1985
    	
 
    	
WA
    	
 
    	
[***]
    
	
24.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Silverado
    	
 
    	
1500
    	
 
    	
2014
    	
 
    	
WA
    	
 
    	
[***]
    
	
25.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford
    	
 
    	
F-150
    	
 
    	
1994
    	
 
    	
WA
    	
 
    	
[***]
    
	
26.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Chevy
    	
 
    	
PICKUP 4.3L V6
    	
 
    	
1992
    	
 
    	
WA
    	
 
    	
[***]
    
	
27.
    	
 
    	
Rader Farms Inc.
    	
 
    	
INTL 4400
    	
 
    	
Flatbed
    	
 
    	
2003
    	
 
    	
WA
    	
 
    	
[***]
    
	
28.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford
    	
 
    	
F-550
    	
 
    	
1999
    	
 
    	
WA
    	
 
    	
[***]
    
	
29.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC
    	
 
    	
3500
    	
 
    	
1996
    	
 
    	
WA
    	
 
    	
[***]
    
	
30.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C6500
    	
 
    	
 
    	
 
    	
2003
    	
 
    	
WA
    	
 
    	
[***]
    
	
31.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC 5500
    	
 
    	
 
    	
 
    	
2004
    	
 
    	
WA
    	
 
    	
[***]
    
	
32.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford
    	
 
    	
F-350
    	
 
    	
1974
    	
 
    	
WA
    	
 
    	
[***]
    
	
33.
    	
 
    	
Rader Farms Inc.
    	
 
    	
INT S1800
    	
 
    	
 
    	
 
    	
1979
    	
 
    	
WA
    	
 
    	
[***]
    
	
34.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C6500 series
    	
 
    	
 
    	
 
    	
2003
    	
 
    	
WA
    	
 
    	
[***]
    
	
35.
    	
 
    	
Rader Farms Inc.
    	
 
    	
MAZADA
    	
 
    	
PICKUP B2200
    	
 
    	
1989
    	
 
    	
WA
    	
 
    	
[***]
    
	
36.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford
    	
 
    	
F-150
    	
 
    	
2010
    	
 
    	
WA
    	
 
    	
[***]
    
	
37.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C6500
    	
 
    	
 
    	
 
    	
2000
    	
 
    	
WA
    	
 
    	
[***]
    
	
38.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC Vandura 3500
    	
 
    	
 
    	
 
    	
1987
    	
 
    	
WA
    	
 
    	
[***]
    
	
39.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F250
    	
 
    	
 
    	
 
    	
1986
    	
 
    	
WA
    	
 
    	
[***]
    
	
40.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC 6000
    	
 
    	
 
    	
 
    	
1987
    	
 
    	
WA
    	
 
    	
[***]
    
	
41.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC
    	
 
    	
 
    	
 
    	
1987
    	
 
    	
WA
    	
 
    	
[***]
    
	
42.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F600
    	
 
    	
 
    	
 
    	
1985
    	
 
    	
WA
    	
 
    	
[***]
    
	
43.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F150
    	
 
    	
 
    	
 
    	
1994
    	
 
    	
WA
    	
 
    	
[***]
    
	
44.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F150
    	
 
    	
 
    	
 
    	
1994
    	
 
    	
WA
    	
 
    	
[***]
    
	
45.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC Vandura 3500
    	
 
    	
 
    	
 
    	
1987
    	
 
    	
WA
    	
 
    	
[***]
    
	
46.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F150
    	
 
    	
 
    	
 
    	
1994
    	
 
    	
WA
    	
 
    	
[***]
    
	
47.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F150
    	
 
    	
 
    	
 
    	
1993
    	
 
    	
WA
    	
 
    	
[***]
    
	
48.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC 3500 VANDURA
    	
 
    	
 
    	
 
    	
1986
    	
 
    	
WA
    	
 
    	
[***]
    
	
49.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC 3500 VANDURA
    	
 
    	
 
    	
 
    	
1986
    	
 
    	
WA
    	
 
    	
[***]
    
	
50.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC 3500 VANDURA
    	
 
    	
 
    	
 
    	
1986
    	
 
    	
WA
    	
 
    	
[***]
    
	
51.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC 3500 VANDURA
    	
 
    	
 
    	
 
    	
1986
    	
 
    	
WA
    	
 
    	
[***]
    
	
52.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F600
    	
 
    	
 
    	
 
    	
1991
    	
 
    	
WA
    	
 
    	
[***]
    
	
53.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC 3500 Vandura
    	
 
    	
 
    	
 
    	
1987
    	
 
    	
WA
    	
 
    	
[***]
    

 

[***] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

 

	
 
    	
 
    	
Owner
    	
 
    	
Description
    	
 
    	
Year
    	
 
    	
State
    	
 
    	
VIN / Serial No.
    
	
54.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC 3500HD
    	
 
    	
 
    	
 
    	
1992
    	
 
    	
WA
    	
 
    	
[***]
    
	
55.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F700
    	
 
    	
 
    	
 
    	
1993
    	
 
    	
WA
    	
 
    	
[***]
    
	
56.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F700
    	
 
    	
 
    	
 
    	
1992
    	
 
    	
WA
    	
 
    	
[***]
    
	
57.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F700
    	
 
    	
 
    	
 
    	
1991
    	
 
    	
WA
    	
 
    	
[***]
    
	
58.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F700
    	
 
    	
 
    	
 
    	
1992
    	
 
    	
WA
    	
 
    	
[***]
    
	
59.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F700
    	
 
    	
 
    	
 
    	
1994
    	
 
    	
WA
    	
 
    	
[***]
    
	
60.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F700
    	
 
    	
 
    	
 
    	
1993
    	
 
    	
WA
    	
 
    	
[***]
    
	
61.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F700
    	
 
    	
 
    	
 
    	
1994
    	
 
    	
WA
    	
 
    	
[***]
    
	
62.
    	
 
    	
Rader Farms Inc.
    	
 
    	
FORD 3500
    	
 
    	
 
    	
 
    	
1990
    	
 
    	
WA
    	
 
    	
[***]
    
	
63.
    	
 
    	
Rader Farms Inc.
    	
 
    	
FORD 3500
    	
 
    	
 
    	
 
    	
1990
    	
 
    	
WA
    	
 
    	
[***]
    
	
64.
    	
 
    	
Rader Farms Inc.
    	
 
    	
FORD 3500
    	
 
    	
 
    	
 
    	
1990
    	
 
    	
WA
    	
 
    	
[***]
    
	
65.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Ford F150
    	
 
    	
 
    	
 
    	
2002
    	
 
    	
WA
    	
 
    	
[***]
    
	
66.
    	
 
    	
Rader Farms Inc.
    	
 
    	
IH S1900 DT466
    	
 
    	
 
    	
 
    	
1987
    	
 
    	
WA
    	
 
    	
[***]
    
	
67.
    	
 
    	
Rader Farms Inc.
    	
 
    	
CHEVY 3500
    	
 
    	
 
    	
 
    	
1991
    	
 
    	
WA
    	
 
    	
[***]
    
	
68.
    	
 
    	
Rader Farms Inc.
    	
 
    	
FORD F250
    	
 
    	
 
    	
 
    	
1989
    	
 
    	
WA
    	
 
    	
[***]
    
	
69.
    	
 
    	
Rader Farms Inc.
    	
 
    	
CHEVY 2500
    	
 
    	
 
    	
 
    	
1992
    	
 
    	
WA
    	
 
    	
[***]
    
	
70.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C7500
    	
 
    	
 
    	
 
    	
1997
    	
 
    	
WA
    	
 
    	
[***]
    
	
71.
    	
 
    	
Rader Farms Inc.
    	
 
    	
FORD F700
    	
 
    	
 
    	
 
    	
1997
    	
 
    	
WA
    	
 
    	
[***]
    
	
72.
    	
 
    	
Rader Farms Inc.
    	
 
    	
FORD F-700
    	
 
    	
 
    	
 
    	
1997
    	
 
    	
WA
    	
 
    	
[***]
    
	
73.
    	
 
    	
Rader Farms Inc.
    	
 
    	
FORD F-700
    	
 
    	
 
    	
 
    	
1998
    	
 
    	
WA
    	
 
    	
[***]
    
	
74.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C6500
    	
 
    	
 
    	
 
    	
1999
    	
 
    	
WA
    	
 
    	
[***]
    
	
75.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C6500
    	
 
    	
 
    	
 
    	
1999
    	
 
    	
WA
    	
 
    	
[***]
    
	
76.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C6500
    	
 
    	
 
    	
 
    	
1999
    	
 
    	
WA
    	
 
    	
[***]
    
	
77.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C6500
    	
 
    	
 
    	
 
    	
1999
    	
 
    	
WA
    	
 
    	
[***]
    
	
78.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C6500
    	
 
    	
 
    	
 
    	
1998
    	
 
    	
WA
    	
 
    	
[***]
    
	
79.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C6500
    	
 
    	
 
    	
 
    	
1999
    	
 
    	
WA
    	
 
    	
[***]
    
	
80.
    	
 
    	
Rader Farms Inc.
    	
 
    	
FORD F450
    	
 
    	
 
    	
 
    	
1996
    	
 
    	
WA
    	
 
    	
[***]
    
	
81.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC C6500
    	
 
    	
 
    	
 
    	
1999
    	
 
    	
WA
    	
 
    	
[***]
    
	
82.
    	
 
    	
Rader Farms Inc.
    	
 
    	
FORD F150
    	
 
    	
 
    	
 
    	
1989
    	
 
    	
WA
    	
 
    	
[***]
    
	
83.
    	
 
    	
Rader Farms Inc.
    	
 
    	
INTL 4700LPX
    	
 
    	
 
    	
 
    	
2000
    	
 
    	
WA
    	
 
    	
[***]
    
	
84.
    	
 
    	
Rader Farms Inc.
    	
 
    	
CHEVY 2500
    	
 
    	
 
    	
 
    	
2007
    	
 
    	
WA
    	
 
    	
[***]
    
	
85.
    	
 
    	
Rader Farms Inc.
    	
 
    	
FORD F150
    	
 
    	
 
    	
 
    	
2006
    	
 
    	
WA
    	
 
    	
[***]
    
	
86.
    	
 
    	
Rader Farms Inc.
    	
 
    	
GMC
    	
 
    	
 
    	
 
    	
1967
    	
 
    	
WA
    	
 
    	
[***]
    
	
87.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Mfg. Norther Trailer Works
    	
 
    	
 
    	
 
    	
2010
    	
 
    	
WA
    	
 
    	
[***]
    
	
88.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Mfg. Load Trail
    	
 
    	
 
    	
 
    	
2010
    	
 
    	
WA
    	
 
    	
[***]
    
	
89.
    	
 
    	
Rader Farms Inc.
    	
 
    	
Mfg. Laod Trail
    	
 
    	
 
    	
 
    	
2013
    	
 
    	
WA
    	
 
    	
[***]
    

 

[***] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

 

 

	
 
    	
 
    	
Owner
    	
 
    	
Description
    	
 
    	
Year
    	
 
    	
State
    	
 
    	
VIN / Serial No.
    
	
90.
    	
 
    	
Rader Farms Inc.
    	
 
    	
WILDN
    	
 
    	
 
    	
 
    	
1994
    	
 
    	
WA
    	
 
    	
[***]
    
	
91.
    	
 
    	
Poore Brothers – Bluffton, LLC
    	
 
    	
Trailmobile
    	
 
    	
Storage Trailer
    	
 
    	
1992
    	
 
    	
IN
    	
 
    	
[***]
    
	
92.
    	
 
    	
Poore Brothers – Bluffton, LLC
    	
 
    	
Trailmobile
    	
 
    	
Storage Trailer
    	
 
    	
1992
    	
 
    	
IN
    	
 
    	
[***]
    
	
93.
    	
 
    	
Poore Brothers – Bluffton, LLC
    	
 
    	
Trailmobile
    	
 
    	
Storage Trailer
    	
 
    	
1992
    	
 
    	
IN
    	
 
    	
[***]
    
	
94.
    	
 
    	
Poore Brothers – Bluffton, LLC
    	
 
    	
Trailmobile
    	
 
    	
Storage Trailer
    	
 
    	
1992
    	
 
    	
IN
    	
 
    	
[***]
    

 

[***] Certain information on this page has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.EXHIBIT 10.33

 

Execution Version

 

FIRST AMENDMENT TO CREDIT AGREEMENT

 

THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of March 9, 2016, is by and among INVENTURE FOODS, INC., a Delaware corporation (the “Parent Borrower”), the Subsidiaries of the Parent Borrower identified on the signature pages hereof (such Subsidiaries, together with the Parent Borrower, are referred to herein each individually as a “Borrower” and individually and collectively, jointly and severally, as “Borrowers”), the lenders from time to time party to the Credit Agreement defined below (the “Lenders”) and BSP AGENCY, LLC, a Delaware limited liability company, in its capacity as agent for each member of the Lender Group (in such capacity, together with its successors and assigns in such capacity, the “Agent”). Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement.

 

W I T N E S S E T H

 

WHEREAS, the Borrowers, the Lenders and the Agent are parties to that certain Credit Agreement dated as of November 18, 2015 (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”);

 

WHEREAS, the Borrowers have requested that the Lenders amend certain provisions of the Credit Agreement; and

 

WHEREAS, the Lenders are willing to make such amendments to the Credit Agreement, in accordance with and subject to the terms and conditions set forth herein and in accordance with the applicable provisions of the Intercreditor Agreement.

 

NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

ARTICLE I

 

AMENDMENTS TO CREDIT AGREEMENT

 

1.1          Amendment to Definition of EBITDA. The definition of “EBITDA” set forth in Schedule 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

“EBITDA” means, with respect to any fiscal period,

 

(a)           Borrowers’ consolidated net earnings (or loss),

 

 

minus

 

(b)                                 without duplication, the sum of the following amounts of Borrowers for such period to the extent included in determining consolidated net earnings (or loss) for such period:

 

(i)                                     any extraordinary, unusual or non-recurring gains,

(ii)                                  interest income,

(iii)                               exchange, translation or performance gains relating to any hedging transactions or foreign currency fluctuations, and

(iv)                              income arising by reason of the application of FAS 141R,

 

plus

 

(c)                                  without duplication, the sum of the following amounts of Borrowers for such period to the extent included in determining consolidated net earnings (or loss) for such period:

 

(i)                                     any extraordinary, unusual or non-recurring non-cash losses (excluding write-downs of current assets),

(ii)                                  Interest Expense,

(iii)                               income taxes,

(iv)                              depreciation and amortization for such period,

(v)                                 non-cash compensation expense (including deferred non-cash compensation expense), or other non-cash expenses or charges, arising from the sale or issuance of Equity Interests, the granting of stock options, and the granting of stock appreciation rights and similar arrangements (including any repricing, amendment, modification, substitution, or change of any such Equity Interests, stock option, stock appreciation rights, or similar arrangements) minus the amount of any such expenses or charges when paid in cash to the extent not deducted in the computation of net earnings (or loss),

(vi)                              one-time non-cash restructuring charges; provided that add-backs for any charges under this clause, in the aggregate, shall not exceed 10% of EBITDA for any four-fiscal quarter period (calculated before giving effect to any such add-backs and adjustments) and shall be reasonably acceptable to Agent,

(vii)                           non-cash exchange, translation, or performance losses relating to any hedging transactions or foreign currency fluctuations,

(viii)                        non-cash losses on sales of fixed assets or write-downs of fixed or intangible assets,

(ix)                              Recall Costs; provided that any such Recall Costs under this clause (ix) (A) shall only apply to the fiscal periods ending on December 26, 2015 and March 26, 2016 and shall be limited to $1,000,000 in the aggregate for such two fiscal periods, and shall not apply to any other fiscal periods and (B) shall not be added back to EBITDA under any other clause under this definition of EBITDA for the fiscal periods ending on December 26, 2015 and March 26, 2016, and

 

2

 

(x)                                 Kettle Snack Co-Pack Costs; provided that any such Kettle Snack
 Co-Pack Costs under this clause (x) (A) shall only apply to the fiscal periods ending on December 26, 2015 and March 26, 2016 and shall be limited to $1,750,000 in the aggregate for such two fiscal periods, and shall not apply to any other fiscal periods and (B) shall not be added back to EBITDA under any other clause under this definition of EBITDA for the fiscal periods ending on December 26, 2015 and March 26, 2016,

 

in each case, determined on a consolidated basis in accordance with GAAP.

 

For the purposes of calculating EBITDA for any period of 4 consecutive fiscal quarters (each, a “Reference Period”), (a) if at any time during such Reference Period (and after the Closing Date), any Borrower or any of its Subsidiaries shall have made a Permitted Acquisition, EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto (including pro forma adjustments arising out of events which are directly attributable to such Permitted Acquisition, are factually supportable, and are expected to have a continuing impact, in each case to be determined on a basis consistent with Article 11 of Regulation S-X promulgated under the Securities Act and as interpreted by the staff of the SEC) or in such other manner acceptable to Agent as if any such Permitted Acquisition or adjustment occurred on the first day of such Reference Period, (b) EBITDA for the fiscal quarter ended March 28, 2015, shall be deemed to be $6,929,880, (c) EBITDA for the fiscal quarter ended June 27, 2015, shall be deemed to be $4,635,815, (d) EBITDA for the fiscal quarter ended September 26, 2015, shall be deemed to be $6,321,995 and (e) EBITDA for the fiscal quarter ended December 26, 2015, shall be deemed to be $2,815,741.65.

 

1.2          Amendment to Section 7.2. Section 7.2 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

7.2          Total Leverage Ratio. Borrowers will have a Total Leverage Ratio, measured at the end of each fiscal quarter during the period below, of not more than the ratio set forth opposite such date below:

 

	
Fiscal Quarters Ending
    	
 
    	
Ratio
    
	
June 26, 2016   through
   September 24, 2016
    	
 
    	
5.00:1.00
    
	
September 25, 2016
   through December 31,
   2016
    	
 
    	
4.75:1.00
    
	
January 1, 2017
   through April 1, 2017
    	
 
    	
4.50:1.00
    
	
April 2, 2017   through
   July 1, 2017
    	
 
    	
4.25:1.00
    
	
July 2, 2017   through
   September 30, 2017
    	
 
    	
4.00:1.00
    
	
October 1, 2017
   through March 31,
   2018
    	
 
    	
3.75:1.00
    
	
April 1, 2018 and
   thereafter
    	
 
    	
3.50:1.00
    

 

3

 

1.3          Amendment to Section 9.3(e). Section 9.3(e) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

 

(e)           Notwithstanding anything to the contrary contained in the foregoing or  this Agreement, (i) Borrowers’ rights under this Section 9.3 may (A) not be exercised on or prior to the fiscal quarter ended December 31, 2016, (B) be exercised not more than three (3) times during the term of this Agreement, (C) not be exercised twice within any 180 day period, (D) not be exercised if the amount of the proposed investment of Curative Equity, together with the amount of all prior investments of Curative Equity, exceeds $10,000,000, (E) not be exercised if the amount of the proposed investment of Curative Equity exceeds $2,000,000, (ii) the Curative Equity contributed in any fiscal quarter shall be no greater than the amount required to cause Borrowers to be in compliance with the Specified Financial Covenants as at the end of such fiscal quarter, and (iii) the Curative Equity shall be disregarded for all purposes under the Loan Documents other than curing the breach of the Specified Financial Covenants for such fiscal quarter, including for purposes of determining EBITDA for any pricing, financial covenant based conditions or any baskets with respect to the covenants contained in this Agreement and there shall be no pro forma reduction in Indebtedness with the proceeds of any Curative Equity for determining compliance with the any of the financial covenants set forth in Section 7 or for any other purpose under the Loan Documents, including determining any pricing, financial covenant based conditions or baskets with respect to the covenants contained in this Agreement, in each case in the quarter in which such Curative Equity is used, but shall be added to EBITDA solely for purposes of calculating compliance with the Specified Financial Covenant.

 

ARTICLE II

CONDITIONS TO EFFECTIVENESS

 

2.1          Closing Conditions. This Amendment shall become effective as of the day and year set forth above (the “Amendment Effective Date”) upon satisfaction of the following conditions (in each case, in form and substance reasonably acceptable to the Agent):

 

(a)           Executed Amendment. The Agent shall have received a copy of this Amendment duly executed by each of the Loan Parties, the Required Lenders and the Agent.

 

(b)           Default. After giving effect to this Amendment, no Default or Event of Default shall exist.

 

4

 

(c)           Fees and Expenses.

 

(i)            The Agent shall have received from the Parent Borrower, for the account of each Lender that executes and delivers this Amendment to the Agent by 5:00 p.m. (EST.) on or before the Amendment Effective Date (each such Lender, a “Consenting Lender”, and collectively, the “Consenting Lenders”), an amendment fee as set forth in the fee letter dated as of even date herewith by and between the Parent Borrower, on behalf of the Borrowers, and the Agent, on behalf of the Consenting Lenders.

 

(ii)           The Agent shall have received from the Parent Borrower such other fees and expenses that are payable in connection with the consummation of the transactions contemplated hereby and King & Spalding LLP shall have received from the Parent Borrower payment of all outstanding fees and expenses previously incurred and all fees and expenses incurred in connection with this Amendment.

 

(d)           [Reserved].

 

(e)           Miscellaneous. All other documents and legal matters in connection with  the transactions contemplated by this Amendment shall be reasonably satisfactory in form and substance to the Agent and its counsel.

 

ARTICLE III

MISCELLANEOUS

 

3.1          Amended Terms. On and after the Amendment Effective Date, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.

 

3.2          Representations and Warranties of the Loan Parties. Each of the Loan Parties represents and warrants as follows:

 

(a)           It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

 

(b)           This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

 

5

 

(c)           No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment.

 

(d)           After giving effect to this Amendment, the representations and warranties set forth in Article IV of the Credit Agreement are true and correct as of the date hereof (except for those which expressly relate to an earlier date).

 

(e)           After giving effect to this Amendment, no event has occurred and is continuing which constitutes a Default or an Event of Default.

 

(f)            The Loan Documents continue to create a valid security interest in, and Lien upon, the Collateral, in favor of the Agent, for the benefit of the Lenders, which security interests and Liens are perfected in accordance with the terms of the Loan Documents and prior to all Liens other than Permitted Liens.

 

(g)           The Obligations are not reduced or modified by this Amendment and are not subject to any offsets, defenses or counterclaims.

 

3.3          Reaffirmation of Obligations. Each Loan Party hereby ratifies the Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective Obligations.

 

3.4          Loan Document. This Amendment shall constitute a Loan Document under the terms of the Credit Agreement.

 

3.5          Expenses. Each Borrower agrees to pay all reasonable costs and expenses of the Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation the reasonable fees and expenses of the Agent’s legal counsel.

 

3.6          Further Assurances. The Loan Parties agree to promptly take such action, upon the request of the Agent, as is necessary to carry out the intent of this Amendment.

 

3.7          Entirety. This Amendment and the other Loan Documents embody the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof.

 

3.8          Counterparts; Telecopy. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart to this Amendment by telecopy or other electronic means shall be effective as an original and shall constitute a representation that an original will be delivered.

 

6

 

3.9          No Actions, Claims, Etc. As of the date hereof, each of the Loan Parties hereby acknowledges and confirms that it has no knowledge of any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, against the Agent, the Lenders, or the Agent’s or the Lenders’ respective officers, employees, representatives, agents, counsel or directors arising from any action by such Persons, or failure of such Persons to act under the Credit Agreement on or prior to the date hereof.

 

3.10        GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICTS OF LAWS PRINCIPLES THEREOF, BUT INCLUDING SECTIONS 5- 1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW.

 

3.11        Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 

3.12        General Release. In consideration of the Agent’s willingness to enter into this Amendment, on behalf of the Lenders, each Loan Party hereby releases and forever discharges the Agent, the Lenders and the Agent’s, and the Lender’s respective predecessors, successors, assigns, officers, managers, directors, employees, agents, attorneys, representatives, and affiliates (hereinafter all of the above collectively referred to as the “Bank Group”), from any and all claims, counterclaims, demands, damages, debts, suits, liabilities, actions and causes of action of any nature whatsoever, including, without limitation, all claims, demands, and causes of action for contribution and indemnity, whether arising at law or in equity, whether known or unknown, whether liability be direct or indirect, liquidated or unliquidated, whether absolute or contingent, foreseen or unforeseen, and whether or not heretofore asserted, which any Loan Party may have or claim to have against any of the Bank Group in any way related to or connected with the Loan Documents and the transactions contemplated thereby.

 

3.13        Consent to Jurisdiction; Service of Process; Waiver of Jury Trial. The jurisdiction, service of process and waiver of jury trial provisions set forth in Section 12 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

7

 

IN WITNESS WHEREOF the parties hereto have caused this Amendment to be duly executed on the date first above written.

 

	
BORROWERS:
    	
INVENTURE   FOODS, INC.,
   a Delaware corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Steve Weinberger
    
	
 
    	
Name:
    	
Steve   Weinberger
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
RADER   FARMS, INC.,
   a Delaware corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Steve Weinberger
    
	
 
    	
Name:
    	
Steve   Weinberger
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
FRESH   FROZEN FOODS, INC.,
   a Delaware corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Steve Weinberger
    
	
 
    	
Name:
    	
Steve   Weinberger
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
WILLAMETTE   VALLEY FRUIT COMPANY,
   a Delaware corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Steve Weinberger
    
	
 
    	
Name:
    	
Steve   Weinberger
    
	
 
    	
Title:
    	
Chief   Financial Officer
    

 

SIGNATURE PAGE TO

FIRST AMENDMENT TO CREDIT AGREEMENT

 

 

	
 
    	
POORE   BROTHERS-BLUFFTON, LLC,
   a Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Steve Weinberger
    
	
 
    	
Name:
    	
Steve   Weinberger
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
BOULDER   NATURAL FOODS, INC.,
   an Arizona corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Steve Weinberger
    
	
 
    	
Name:
    	
Steve   Weinberger
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
TEJAS   PB DISTRIBUTING, INC.,
   an Arizona corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Steve Weinberger
    
	
 
    	
Name:
    	
Steve   Weinberger
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
LA   COMETA PROPERTIES, INC.,
   an Arizona corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Steve Weinberger
    
	
 
    	
Name:
    	
Steve   Weinberger
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
BN   FOODS, INC.,
   a Colorado corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Steve Weinberger
    
	
 
    	
Name:
    	
Steve   Weinberger
    
	
 
    	
Title:
    	
Chief   Financial Officer
    

 

SIGNATURE PAGE TO

FIRST AMENDMENT TO CREDIT AGREEMENT

 

 

	
AGENT   AND LENDERS:
    	
BSP AGENCY, LLC, a Delaware limited liability company, as Agent
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bryan Martoken
    
	
 
    	
Name:
    	
Bryan   Martoken
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
PECM   STRATEGIC FUNDING L.P.,
    as a Lender
    
	
 
    	
 
    
	
 
    	
By:   PECM Strategic Funding GP, L.P., its
    
	
 
    	
general   partner
    
	
 
    	
 
    
	
 
    	
By:   PECM Strategic Funding GP Ltd.,
    
	
 
    	
its   general partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bryan Martoken
    
	
 
    	
Name:
    	
Bryan   Martoken
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
GRIFFIN-BENEFIT   STREET PARTNERS BDC CORP, as a Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Randy Anderson
    
	
 
    	
Name:
    	
Randy   Anderson
    
	
 
    	
Title:
    	
Authorized   Signer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
BENEFIT   STREET PARTNERS SMA-C L.P., as a Lender
    
	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bryan Martoken
    
	
 
    	
Name:
    	
Bryan   Martoken
    
	
 
    	
Title:
    	
Chief   Financial Officer
    

 

SIGNATURE PAGE TO

FIRST AMENDMENT TO CREDIT AGREEMENT

 

 

	
 
    	
PROVIDENCE   DEBT FUND III L.P.,
   as a Lender
    
	
 
    	
 
    
	
 
    	
By:   Providence Debt Fund III GP L.P., its general
    
	
 
    	
partner
    
	
 
    	
 
    
	
 
    	
By:   Providence Debt Fund III Ultimate GP Ltd., its
    
	
 
    	
general   partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bryan Martoken
    
	
 
    	
Name:
    	
Bryan   Martoken
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
BENEFIT   STREET PARTNERS CAPITAL OPPORTUNITY FUND SPV LLC, as a Lender
    
	
 
    	
 
    
	
 
    	
By:   Benefit Street Partners Capital Opportunity Fund L.P., its managing member
    
	
 
    	
 
    
	
 
    	
By:   Benefit Street Partners Capital Opportunity Fund GP L.P., its general partner
    
	
 
    	
 
    
	
 
    	
By:   Benefit Street Partners Capital Opportunity Fund Ultimate GP LLC, its general   partner
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/   Bryan Martoken
    
	
 
    	
Name:
    	
Bryan   Martoken
    
	
 
    	
Title:
    	
Chief   Financial Officer
    

 

SIGNATURE PAGE TO

FIRST AMENDMENT TO CREDIT AGREEMENT

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