Document:

Exhibit 4.6

 

ACKNOWLEDGEMENT OF GUARANTY

 

This Acknowledgement of Guaranty is made
as of June 11, 2013, by such Guarantors listed on the signature pages hereof (the “Guarantors”), pursuant to that certain
Guaranty (the “Guaranty”), dated as of May 10, 2013, in favor of each of the investors listed on the Schedule of Buyer
Assignees as of such date (the “First Closing Buyer Assignees”), attached to the Securities Purchase Agreement, dated
as of April 29, 2013, as amended by that certain First Amendment to Securities Purchase Agreement, dated as of May 9, 2013, by
and between the Company and Michael Serruya (the “Purchase Agreement”).

 

WHEREAS, pursuant to the Guaranty, the Guarantors
jointly and severally fully, irrevocably and unconditionally guaranty to the First Closing Buyer Assignees the due and punctual
Satisfaction in Full of the Guaranteed Obligations under the Guaranty;

 

WHEREAS, in accordance with the Purchase
Agreement, the Company, as of the date hereof, has issued an additional $3.0 million in aggregate principal amount of Notes to
the new investors supplemented to the Schedule of Buyer Assignees (collectively, the “Second Closing Buyer Assignees”,
and, together with the First Closing Buyer Assignees, the “Buyer Assignees”).

 

AGREEMENTS

 

NOW, THEREFORE,
for and in consideration of the recitals made above and other good and valuable consideration, the receipt, sufficiency and adequacy
of which are hereby acknowledged, each Guarantor hereby agrees as follows:

 

1.          Definitions.
All capitalized terms used herein that are not otherwise defined herein shall have the meanings given them in the Guaranty.

 

2.         Affirmation
of Guaranty. The Guarantors hereby affirm the Guaranty in its entirety, as of the
date hereof, to each Buyer Assignee and acknowledge that the Guaranty shall be applicable to all Notes issued pursuant to the Purchase
Agreement, including, without limitation, each Note issued to a Second Closing Buyer Assignee thereunder.

 

3.          Governing Law. All questions
concerning the construction, validity, enforcement and interpretation of this acknowledgement shall be governed by the internal
laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the
State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the
State of New York.

 

[Signatures Appear on Following Pages]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
this Acknowledgement of Guaranty has been duly executed by each Guarantor as of the date set forth above.

 

	 	CRUMBS HOLDINGS LLC, a Delaware limited

 liability company
	 	 	 
	 	By:	/s/ Julian R. Geiger
	 	Name: 	Julian R. Geiger
	 	Title:  	President & CEO

 

 

	 	EACH OF THE COMPANIES LISTED ON SCHEDULE 1 HERETO
	 	 	 
	 	By:	CRUMBS HOLDINGS LLC, as sole member of, 

and for and on behalf of, each of such

 companies

 

	 	By:	/s/ Julian R. Geiger
	 	 	Name:	Julian R. Geiger
	 	 	Title:	President and Chief Executive
	 	 	 	Officer

 

    	 

    	 

    

 

SCHEDULE 1

SUBSIDIARIES OF CRUMBS HOLDINGS LLC

ISSUING THE GUARANTY

 

Crumbs 17th Street, LLC, a District
of Columbia limited liability company

Crumbs 42nd Street II, LLC, a New
York limited liability company

Crumbs 92nd Street, LLC, a New
York limited liability company

Crumbs Americana, LLC, a California limited
liability company

Crumbs Beverly Hills, LLC, a California limited
liability company

Crumbs Broad Street, LLC, a New York limited
liability company

Crumbs Broadway LLC, a New York limited liability
company

Crumbs Brooklyn Heights LLC, a New York limited
liability company

Crumbs Calabasa, LLC, a California limited
liability company

Crumbs Catering LLC, a New York limited liability
company

Crumbs Clarendon LLC, a Virginia limited liability
company

Crumbs Columbia LLC, a New York limited liability
company (f/k/a Crumbs 125th Street, LLC)

Crumbs Columbus LLC, a New York limited liability
company

Crumbs Douglaston Plaza, LLC, a New York limited
liability company

Crumbs Downtown II, LLC, a New York limited
liability company

Crumbs East Bakeshop II, LLC, a New York limited
liability company

Crumbs East End, LLC, a District of Columbia
limited liability company

Crumbs E-Commerce LLC, a New York limited
liability company

Crumbs Federal Street LLC, a Delaware limited
liability company

Crumbs Garment Center LLC, a New York limited
liability company

Crumbs Grand Central LLC, a New York limited
liability company

Crumbs Greenvale LLC, a New York limited liability
company

Crumbs Greenwich, LLC, a Connecticut limited
liability company

Crumbs Hoboken, LLC, a New Jersey limited
liability company

Crumbs Hollywood LLC, a California limited
liability company

Crumbs Huntington LLC, a New York limited
liability company

Crumbs II, LLC, a New York limited liability
company

Crumbs L Street, LLC, a District of Columbia
limited liability company

Crumbs Larchmont, LLC, a California limited
liability company

Crumbs LaSalle, LLC, an Illinois limited liability
company

Crumbs L’Enfant Plaza, LLC, a District
of Columbia limited liability company

Crumbs Lexington LLC, a New York limited liability
company

Crumbs Madison LLC, a New York limited liability
company

Crumbs Malibu, LLC, a California limited liability
company

Crumbs Newark LLC, a New Jersey limited liability
company

Crumbs New Canaan, LLC, a California limited
liability company

Crumbs Oak Park, LLC, an Illinois limited
liability company

Crumbs Park Avenue LLC, a New York limited
liability company

Crumbs Park Avenue South, LLC, a New York
limited liability company

Crumbs Queens Center, LLC, a New York limited
liability company

Crumbs Retail Bake Shops, LLC, a Delaware
limited liability company (f/k/a Crumbs Fulton Street, LLC

Crumbs Ridgewood, LLC, a New Jersey limited
liability company

Crumbs Rittenhouse Square, LLC, a Delaware
limited liability company

Crumbs River North, LLC, an Illinois limited liability company

Crumbs Sixth Avenue, LLC, a New York limited liability company

Crumbs South Clark, LLC, an Illinois limited liability company

Crumbs Stamford, LLC, a Connecticut limited liability company

Crumbs Third Avenue LLC, a New York limited
liability company

Crumbs Times Square LLC, a New York limited
liability company

Crumbs Union Square LLC, a New York limited
liability company

Crumbs Union Station LLC, a District of Columbia
limited liability company

 

    	 

    	 

    

 

Crumbs Wall Street II, LLC, a New York limited
liability company

Crumbs West Madison, LLC, an Illinois limited liability company

Crumbs Westfield LLC, a New Jersey limited liability company

Crumbs Westport, LLC, a Connecticut limited liability company

Crumbs Wholesale II, LLC, a New York limited liability company

Crumbs Woodbury LLC, a New York limited liability company

 

    	3Exhibit 4.8

 

JOINDER AGREEMENT

 

This Joinder Agreement
(this “Agreement”) is entered into as of June 11, 2013 by Crumbs Bake Shop, Inc. (the “Company”)
and each of the Buyers identified on the signature pages hereto (the “Buyers”).

 

WHEREAS, the Company
entered into a Registration Rights Agreement, dated as of May 10, 2013 (the “Registration Agreement”), with
certain buyers who purchased the Company’s senior convertible notes (the “Notes”) on such date pursuant
to a Securities Purchase Agreement, dated as of April 29, 2013, as amended by a First Amendment to Securities Purchase Agreement,
dated as of May 9, 2013, between the Company and Michael Serruya (as amended, the “Purchase Agreement”).

 

WHEREAS, the Registration
Agreement requires the Company to, among other things, prepare and file with the Securities and Exchange Commission (the “SEC”)
a Registration Statement on Form S-3 covering the resale of, among other securities, the shares of the Company’s common stock
that may be issued under the Notes (the “Registration Statement”).

 

WHEREAS, the Buyers
purchased $3,000,000 in aggregate principal amount of the Notes on June 11, 2013 and, pursuant to the Purchase Agreement, are entitled
to receive the benefits of the Registration Agreement with respect of those Notes.

 

NOW, THEREFORE, in
consideration of the foregoing, the mutual covenants herein contained and other good and valuable consideration, the receipt, adequacy
and sufficiency of which are hereby acknowledged by the Issuer by its execution hereof, the Company and the Buyers agree as follows:

 

1.          Joinder.
Each of the Buyers hereby joins in the Registration Agreement and agrees to be subject to and bound by the terms and provisions
of the Registration Agreement that are ascribed to “Buyers” therein to the same extent as if such Buyer had signed
the Registration Agreement as an original party thereto. The Company hereby agrees to be subject to and bound by the terms and
provisions of the Registration Agreement with respect to the Buyers. A copy of the Registration Agreement is attached hereto as
Exhibit A and is incorporated herein by reference.

 

2.          Filing
Deadline and Effectiveness Deadline. Each of the Buyers hereby waives: (a) any and all liquidated damages that might otherwise
accrue pursuant to Section 2(a) of the Registration Agreement between the Filing Deadline (as defined in the Registration Agreement)
and the later of (i) June 14, 2013 or (ii) two Business Days following the date on which all of the Buyers shall have satisfied
their respective obligations under Section 5 of the Registration Agreement; and (b) any and all liquidated damages that might otherwise
accrue pursuant to Section 2(c)(i)(A)(ii) of the Registration Agreement between August 9, 2013 and August 15, 2013 on account of
the failure of the Registration Statement to be declared effective by August 8, 2013 (or, if the SEC reviews the Registration Statement,
between September 8, 2013 and September 14, 2013 on account of the failure of the Registration Statement to be declared effective
by September 7, 2013).

 

2.          Entire
Agreement. This Agreement and the Registration Agreement constitute the entire agreement among the Company and the Buyers pertaining
to the subject matter hereof.

 

3.          Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed
by the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule
(whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions
other than the State of New York.

 

    	 

    	 

    

 

4.          Counterparts.
This Agreement may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to the other party. In the event that
any signature is delivered by facsimile transmission or by an e-mail which contains a portable document format (.pdf) file of an
executed signature page, such signature page shall create a valid and binding obligation of the party executing (or on whose behalf
such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

[Signatures Appear on Following Pages]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed on their behalf by their authorized representatives as of the date
first above written.

 

	 	CRUMBS BAKE SHOP, INC.
	 	 	 
	 	By:	/s/ John D. Ireland
	 	Name:	John D. Ireland
	 	Title:	Senior Vice President & CFO

 

[Buyer Signature Page Follows]

 

[Company Signature Page]

 

    	 

    	 

    

 

	 	DELAVACO HOLDINGS INC.
	 	 	 
	 	By:	/s/ Andrew DeFrancesco
	 	Name:	Andrew DeFrancesco
	 	Title:	Chairman
	 	 	 
	 	/s/ Rhoda Vyner
	 	Rhoda Vyner
	 	 	 
	 	YOGUN FRUZ CANADA INC.
	 	 	 
	 	By:	/s/ Aaron Serruya
	 	Name:	Aaron Serruya
	 	Title:	President

 

[Buyer Signature Page]

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