Document:

EXHBIT 10.12

 Exhibit 10.12 
 COOPERATIVE BANKSHARES, INC. 
 1998 STOCK OPTION AND INCENTIVE PLAN, AS AMENDED 
 Stock Option Agreement 
 FOR INCENTIVE
STOCK OPTIONS 
 UNDER SECTION 422 OF THE INTERNAL REVENUE CODE 
 STOCK OPTION (the “Option”) for a                      shares of Common Stock, par value $1.00 per
share, of Cooperative Bankshares, Inc. (the “Company”), which Option is intended to qualify as an incentive stock option under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), is hereby granted to
                     (the “Optionee”) at the price set forth herein, and in all respects subject to the terms, definitions and
provisions of the Cooperative Bankshares, Inc. 1998 Stock Option and Incentive Plan, as amended (the “Plan”) which was adopted by the Company and which is incorporated by reference herein, receipt of which is hereby acknowledged.

  

	1.	Exercise Price. The exercise price per share is $
                        , which equals 100%* of the fair market value, as determined by the Committee, of the Common Stock
on the date of grant of this Option. 

  

	2.	Exercise of Option. This Option shall be exercisable in accordance with the Plan and the following provisions: 

  

	 	(i)	Schedule of rights to exercise. This Option shall be immediately exercisable upon the Date of Grant. 

  

	 	(ii)	Method of Exercise. This Option shall be exercisable by a written notice by the Optionee which shall: 

  

	 	(a)	state the election to exercise the Option, the number of shares with respect to which it is being exercised, the person in whose name the stock certificate or certificates for such
shares of Common Stock is to be registered, his address and Social Security Number (or if more than one, the names, addresses and Social Security Numbers of such persons); 

  

	 	(b)	contain such representations and agreements as to the holder’s investment intent with respect to such shares of Common Stock as may be satisfactory to the Company’s
counsel; 

  

	 	(c)	be signed by the person or persons entitled to exercise the Option and, if the Option is being exercised by any person or persons other than the Optionee, be accompanied by proof,
satisfactory to counsel for the Company, of the right of such person or persons to exercise the Option; and 

  

	 	(d)	be in writing and delivered in person or by certified mail to the Treasurer of the Company. 

 Payment of the purchase price of any shares with respect to which the Option is being exercised shall be by cash, Common Stock owned for more than six
months, or such combination of cash and Common Stock owned for more than six months as the Optionee elects. The certificate or certificates for shares of Common Stock as to which the Option shall be exercised shall be registered in the name of the
person or persons exercising the Option. 
  

	 	(iii)	Restrictions on exercise. This Option may not be exercised if the issuance of the shares upon such exercise would constitute a violation of any applicable federal or state
securities or other law or valid regulation. As a condition to the Optionee’s exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any
applicable law or regulation. 

  

	3.	Withholding. The Optionee hereby agrees that the exercise of the Option or any installment thereof will not be effective, and no shares will become transferable to the
Optionee, until the Optionee makes appropriate arrangements with the Company for such tax withholding as may be required of the Company under federal, state, or local law on account of such exercise. 

  

	4.	Non-transferability of Option. This Option may not be transferred in any manner otherwise than by will or the laws of descent or distribution. The terms of this Option shall
be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. 

  

	5.	Term of Option. This Option may not be exercisable for more than ten** years from the date of grant of this Option, as stated below, and may be exercised during such term
only in accordance with the Plan and the terms of this Option. 

  

							
	  
	 		 		 	
	Date of Grant	 		 	 COOPERATIVE BANKSHARES, INC.
 1998 STOCK
OPTION AND INCENTIVE
 PLAN COMMITTEE

				
		 		 	By:	 	  

		 		 		 	Authorized Member of the Committee
				
		 		 	Witness:	 	  

		 		 		 	

	*	110% in the case of an Optionee who owns shares representing more than 10% of the outstanding common stock of the Company on the date of grant of this Option.

	**	Five years in the case of an Optionee who owns shares representing more than 10% of the outstanding common stock of the Company on the date of grant of this Option.EXHIBIT 10.13

 Exhibit 10.13 
 COOPERATIVE BANKSHARES, INC. 
 1998 STOCK OPTION AND INCENTIVE PLAN, AS AMENDED 
 Stock Option Agreement 
 FOR
NON-INCENTIVE STOCK OPTIONS 
 STOCK OPTION (the “Option”) for a total of
                     shares of Common Stock, par value $1.00 per share, of Cooperative Bankshares, Inc. (the “Company”) is
hereby granted to                      (the “Optionee”) at the price set forth herein, and in all respects subject to the
terms, definitions and provisions of the Cooperative Bankshares, Inc. 1998 Stock Option and Incentive Plan, as amended (the “Plan”) which has been adopted by the Company and which is incorporated by reference herein, receipt of which is
hereby acknowledged. Such Stock Options do not comply with Options granted under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). 
  

	1.	Exercise Price. The exercise price per share is
$                    , which equals 100% of the fair market value, as determined by the Committee, of the Common Stock on the date of
grant of this Option. 

  

	2.	Exercise of Option. This Option shall be exercisable in accordance with the Plan and the following provisions: 

  

	 	(i)	Schedule of rights to exercise. This Option shall be immediately exercisable beginning on the Date of Grant. 

  

	 	(ii)	Method of Exercise. This Option shall be exercisable by a written notice which shall: 

  

	 	(a)	state the election to exercise the Option, the number of shares with respect to which it is being exercised, the person in whose name the stock certificate or certificates for such
shares of Common Stock is to be registered, his address and Social Security Number (or if more than one, the names, addresses and Social Security Numbers of such persons); 

  

	 	(b)	contain such representations and agreements as to the holders’ investment intent with respect to such shares of Common Stock as may be satisfactory to the Company’s
counsel; 

  

	 	(c)	be signed by the person or persons entitled to exercise the Option and, if the Option is being exercised by any person or persons other than the Optionee, be accompanied by proof,
satisfactory to counsel for the Company, of the right of such person or persons to exercise the Option; and 

  

	 	(d)	be in writing and delivered in person or by certified mail to the Treasurer of the Company. 

 Payment of the purchase price of any shares with respect to which the Option is being exercised shall be by cash, Common Stock owned for at least six
months, or such combination of cash and Common Stock owned for at least six months as the Optionee elects. The certificate or certificates for shares of Common Stock as to which the Option shall be exercised shall be registered in the name of the
person or persons exercising the Option. 
  

	 	(iii)	Restrictions on exercise. The Option may not be exercised if the issuance of the shares upon such exercise would constitute a violation of any applicable federal or state
securities or other law or valid regulation. As a condition to his exercise of this Option, the Company may require the person exercising this Option to make any representation and warranty to the Company as may be required by any applicable law or
regulation. 

  

	3.	Withholding. The Optionee hereby agrees that the exercise of the Option or any installment thereof will not be effective, and no shares will become transferable to the
Optionee, until the Optionee makes appropriate arrangements with the Company for such tax withholding as may be required of the Company under federal, state, or local law on account of such exercise. 

  

	4.	Non-transferability of Option. This Option may not be transferred in any manner otherwise than by will or the laws of descent or distribution. The terms of this Option shall
be binding upon the executors, administrators, heirs, successors and assigns of the Optionee. Notwithstanding any other terms of this agreement, to the extent permissible under Rule 16b-3 of the Securities Exchange Act of 1934, as amended, this
Option may be transferred to the Optionee’s spouse, lineal ascendants, lineal descendants, or to a duly established trust, provided that such transferee shall be permitted to exercise this Option subject to the same terms and conditions
applicable to the Optionee. 

  

	5.	Term of Option. This Option may not be exercisable for more than ten years from the date of grant of this Option, as set forth below, and may be exercised during such term
only in accordance with the Plan and the terms of this Option. 

  

							
	  
	 		 	COOPERATIVE BANKSHARES, INC.
	 Date of Grant
	 		 	1998 STOCK OPTION AND INCENTIVE
		 		 	PLAN COMMITTEE
				
		 		 	By:	 	  

		 		 		 	Authorized Member of the Committee
				
		 		 	Witness:Agreement No.3 and Agreement, dated 01/25/06 to Credit Agreement dated 11/25/03

 Exhibit 10.31 
 EXECUTION COPY 
 AMENDMENT No. 3 AND AGREEMENT (this “Amendment”)
dated as of January 25, 2006, to the CREDIT AGREEMENT dated as of November 25, 2003 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among CRUNCH HOLDING CORP., a Delaware
corporation (“Holdings”), PINNACLE FOODS GROUP INC. (as successor to PINNACLE FOODS HOLDING CORPORATION), as Delaware corporation (the “Borrower”), the LENDERS from time to time party thereto, DEUTSCHE BANK TRUST
COMPANY AMERICAS, as administrative agent (the “Administrative Agent”), GENERAL ELECTRIC CAPITAL CORPORATION, as syndication agent, and JPMORGAN CHASE BANK, N.A. (formerly known as JPMorgan Chase Bank), CITICORP NORTH AMERICA, INC.
and CANADIAN IMPERIAL BANK OF COMMERCE, as co-documentation agents. 
 WHEREAS pursuant to the Credit Agreement, the Lenders and the Issuing
Bank have agreed to extend credit to the Borrower on the terms and subject to the conditions set forth therein; 
 WHEREAS the Borrower has
requested that certain provisions of the Credit Agreement be amended and waived as set forth herein; and 
 WHEREAS the undersigned Lenders
are willing so to amend and waive such provisions of the Credit Agreement on the terms and subject to the conditions set forth herein; 
 NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1. Defined Terms. (a) Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit
Agreement. 
 (b) As used in this Amendment, the following terms have the meanings specified below: 
 “Bill of Sale” has the meaning assigned to such term in the Master Industrial Lease Agreement. 
 “IDB” means The Industrial Development Board of the City of Jackson. 
 “Jackson Transaction” means (a) the sale of Project Equipment by PFC to IDB pursuant to the Bill of Sale and in exchange for the
Master Note and (b) the lease by PFC of such Project Equipment from IDB pursuant to the Master Industrial Lease Agreement. 

 “Master Industrial Lease Agreement” means the Master Industrial Lease Agreement dated as
of December 31, 2005, by and between IDB and PFC. 
 “Master Note” has the meaning assigned to such term in the Master
Industrial Lease Agreement. 
 “Project Equipment” has the meaning assigned to such term in the Master Industrial Lease
Agreement. 
 SECTION 2. Amendment to Section 6.06. Clause (c) of Section 6.06 of the Credit Agreement is hereby
amended and restated in its entirety as follows: 
 (c) any such sale and leaseback of (i) real property owned as of the Effective Date
by the Borrower and the Subsidiaries (after giving effect to the Transactions) or, after giving effect to the Aurora Acquisition, real property owned as of the Aurora Effective Date by Aurora or its subsidiaries or (ii) personal property or any
other property (other than real property) owned by the Borrower or any Subsidiary, provided that the aggregate fair value of such property sold pursuant to sale and leasebacks permitted by this clause (c) shall not exceed $20,000,000
during the term of this Agreement (the proceeds of which sale and leasebacks, for the avoidance of doubt, shall be subject to Section 2.11(c)) 
 SECTION 3. Waiver. The Lenders hereby waive compliance by Holdings, the Borrower and the Subsidiaries with clause (x) of the proviso to Section 6.05 of the Credit Agreement to the extent, but only to the extent, necessary
to permit (a) the Jackson Transaction or (b) any other sale and leaseback transaction permitted by clause (c)(ii) of Section 6.06 of the Credit Agreement, provided that such transaction is substantially similar to the Jackson
Transaction in nature and purpose. 
 SECTION 4. Representations and Warranties. Each of Holdings and the Borrower represents and
warrants to the Administrative Agent and to each of the Lenders that: 
 (a) This Amendment has been duly authorized, executed and delivered
by it and constitutes a legal, valid and binding obligation of Holdings and the Borrower, enforceable against each of them in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 (b) The representations and warranties of each Loan Party set forth in the Loan Documents, (i) to the extent any such representation or warranty is modified or qualified based on the terms “materially” or “material”
or by reference to the term “Material Adverse Effect”, are true and correct in all respects and (ii) to the extent such representation or warranty is not so modified or qualified, shall be true and correct in all material respects, in
each case, on and as of the date hereof (except to the extent such representations and warranties expressly relate to an earlier date, in which case such representations and warranties are true and correct as of such earlier date). 
  

 2 

 (c) Immediately before and after giving effect to this Amendment, no Default shall have occurred and be
continuing. 
 SECTION 5. Conditions to Effectiveness. This Amendment shall become effective when (a) the Administrative Agent
shall have received counterparts of this Amendment that, when taken together, bear the signatures of Holdings, the Borrower and the Required Lenders, (b) the representations and warranties set forth in Section 5 hereof are true and correct
and (c) all fees and expenses submitted to the Borrower and required to be paid or reimbursed by the Borrower under or in connection with this Amendment and the Credit Agreement (including all reasonable invoiced fees, charges and disbursements
of Cravath, Swaine & Moore LLP, counsel to the Administrative Agent) have been paid or reimbursed by the Borrower. 
 SECTION 6.
Credit Agreement. Except as expressly set forth herein, this Amendment (a) shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent,
Holdings or the Borrower under the Credit Agreement or any other Loan Document and (b) shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or
any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle Holdings or the Borrower to a consent to, or a waiver, amendment, modification or
other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Loan Document in similar or different circumstances. After the date hereof, any reference in the Loan Documents to the
Credit Agreement shall mean the Credit Agreement as modified hereby. 
 SECTION 7. Applicable Law; Waiver of Jury Trial.
(a) THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 (b) EACH PARTY
HERETO HEREBY AGREES AS SET FORTH IN SECTION 9.10 OF THE CREDIT AGREEMENT AS IF SUCH SECTION WERE SET FORTH IN FULL HEREIN. 
 SECTION 8.
Counterparts; Amendments. This Amendment may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a
signature page of this Amendment by telecopy shall be effective as delivery of a manually executed counterpart of this Amendment. Except as otherwise permitted by Section 9.02 of the Credit Agreement, this Amendment may not be amended nor may
any provision hereof be waived except pursuant to a writing signed by Holdings, the Borrower, the Administrative Agent and the Required Lenders. 
 SECTION 9. Headings. The Section headings used herein are for convenience of reference only, are not part of this Amendment and are not to affect the construction of, or to be taken into consideration in interpreting, this Amendment.

  

 3 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their respective
authorized officers as of the day and year first written above. 
  

			
	CRUNCH HOLDING CORP.,
		
	By	 	 /s/ N. Michael Dion

	Name:	 	N. Michael Dion
	Title:	 	Vice President & CFO
	
	PINNACLE FOODS GROUP INC. (as successor to Pinnacle Foods Holding Corporation),
		
	By	 	 /s/ N. Michael Dion

	Name:	 	N. Michael Dion
	Title:	 	Executive Vice President & CFO

  

			
	 DEUTSCHE BANK TRUST COMPANY
 AMERICAS,
individually and as
 Administrative Agent,

		
	By	 	 /s/ Scottye Lindsey

	Name:	 	Scottye Lindsey
	Title:	 	Director
		
	By	 	 /s/ Lana Gifas

	Name:	 	Lana Gifas
	Title:	 	Vice President

			
	SIGNATURE PAGE TO AMENDMENT NO. 3 AND WAIVER DATED AS OF JANUARY 25, 2006, AMONG CRUNCH HOLDING CORP., PINNACLE FOODS HOLDING CORPORATION, THE LENDERS PARTY THERETO, AND DEUTSCHE
BANK TRUST COMPANY AMERICAS, AS ADMINISTRATIVE AGENT.
	
	Name of Institution:
	
	JP Morgan Chase Bank, N.A.
		
	By	 	 /s/ KATHRYN A. DUNCAN

	Name:	 	KATHRYN A. DUNCAN
	Title:	 	VICE PRESIDENT

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