Document:

SunOpta Inc.: Exhibit 10.19 - Filed by newsfilecorp.com

Exhibit 10.19 

Execution Version 

SECOND AMENDING AGREEMENT 

Made as of October 9, 2015 

Among 

SUNOPTA INC. 
SUNOPTA FOODS INC. 

as Borrowers 

- and - 

EACH OF THE FINANCIAL INSTITUTIONS 
AND OTHER
ENTITIES 
FROM TIME TO TIME PARTIES HERETO 

as Lenders 

- and - 

CERTAIN AFFILIATES OF THE BORROWERS 

as Obligors 

- and - 

BANK OF MONTREAL 

as Agent 

SECOND AMENDING AGREEMENT 

This second amending agreement is made
as of the 9th day of October, 2015 

A M O N G 

	 	SUNOPTA INC. 
	 	SUNOPTA FOODS INC. 
	 	 
	 	as Borrowers 
	 	 
	 	           
                         
                   and 
	 	 
	 	EACH OF THE FINANCIAL INSTITUTIONS

	 	AND OTHER ENTITIES 
	 	FROM TIME TO TIME PARTIES HERETO 
	 	 
	 	as Lenders 
	 	 
	 	           
                         
                   and 
	 	 
	 	CERTAIN AFFILIATES OF THE BORROWERS
  
	 	 
	 	as Obligors 
	 	 
	 	           
                         
                   and 
	 	 
	 	BANK OF MONTREAL 
	 	 
	 	as Agent 

WITNESSES THAT WHEREAS: 

	 	(a) 	
      the Lenders severally made credit facilities available to
      the Borrowers (or their respective predecessor corporations, as
      applicable) on the terms and conditions set out in a seventh amended and
      restated credit agreement dated as of July 27, 2012 among the Borrowers
      (or their respective predecessor corporations, as applicable), the
      Lenders, certain affiliates of the Borrowers, as Obligors, and the Agent
      (as amended by the Waiver and Consent dated as of July 30, 2015 and by the
      First Amending Agreement dated as of September 22, 2015, collectively, the
      “Credit Agreement”);

	 	 	 
	 	(b) 	
      the Obligors, the Lenders and the Agent entered into
      and/or acknowledged, as applicable, a Waiver and Consent dated as of July
      30, 2015 pursuant to which the Lenders, among other things (and in
      accordance with the terms of such Waiver and Consent), consented to the
      Obligors’ proposed acquisition of all of the capital stock of Sunrise
      Holdings (Delaware), Inc. and the Borrowers incurring certain indebtedness
      in connection with such acquisition transaction, which such acquisition
      will occur on or about October 9, 2015; and

- 2 - 

	 	(c) 	
      the parties to the Credit Agreement have agreed to amend
      the Credit Agreement in the manner set forth herein in order to, among
      other things, amend certain covenants contained in the Credit Agreement as
      a result of the Obligors’ proposed acquisition of Sunrise Holdings
      (Delaware), Inc.

NOW THEREFORE, in consideration of the premises and of
the mutual covenants herein contained, and for other good and valuable
consideration, the receipt and sufficiency of which are acknowledged, the
parties covenant and agree with each other as follows: 

SECTION 1 
INTERPRETATION 

	1.1 	
      Definitions from Agreement. Capitalized terms
      defined in the Credit Agreement have the same meanings in this Second
      Amending Agreement unless otherwise defined herein or the context
      expressly or by necessary implication requires otherwise. This Second
      Amending Agreement is referenced herein as the “Second Amending
      Agreement”. For greater certainty, this Second Amending Agreement
      amends the Credit Agreement and the term “Agreement”, as defined in
      the Credit Agreement, includes (unless the context expressly or by
      necessary implication requires otherwise) this Second Amending Agreement
      to the extent of such amendments. For purposes of this Second Amending
      Agreement, the term “Second Amending Closing Date” means October 9,
      2015.

	 	 
	1.2 	
      New and Revised Definitions. Section 1.1 of the
      Credit Agreement is hereby amended such that the following definitions are
      inserted in the Credit Agreement at the appropriate alphabetical
      location:

“Intercreditor Agreement” means
the Intercreditor Agreement dated as of October 9, 2015 entered into by and
between BMO, as Agent for the “First Lien Claimholders” (as defined in
the Intercreditor Agreement), and Bank of Montreal, in its capacity as
collateral agent for the “Second Lien Claimholders” (as defined in the
Intercreditor Agreement), as acknowledged by SunOpta Inc. and SunOpta Foods
Inc., as the same may be amended, varied, supplemented, restated, amended and
restated, renewed or replaced at any time and from time to time, a true,
complete and correct executed copy of which is attached hereto as Schedule EE.

“Second Lien Notes” means the
senior notes to be issued in connection with the refinancing or exchange of the
Second Lien Term Loans in sales pursuant to Rule 144A and Regulations S under
the Securities Act of 1933 (United States of America), under the Second Lien
Note Indenture, together with interest, fees and all other amounts payable in
connection therewith, generating aggregate gross proceeds of up to $330,000,000
plus additional principal amounts to fund the aggregate amount of fees,
underwriting discounts, premiums and other costs and expenses incurred in
connection with such refinancing (less the amount of any Second Lien Term Loans
that remain outstanding after the issuance of such Second Lien Notes). 

- 3 - 

“Second Lien Notes
Indenture” means the indenture to be entered into in connection with the
refinancing or exchange of the Second Lien Term Loans among SunOpta, SunOpta
Foods, the guarantors party thereto, a trustee and a collateral agent, pursuant
to which the Second Lien Notes will be issued, as such indenture may be amended,
varied, supplemented, restated, amended and restated, renewed or replaced at any
time and from time to time. 

“Second Lien Term Loan
Agreement” means the second lien loan agreement dated as of October 9, 2015
entered into among, inter alia, SunOpta Foods, as borrower, SunOpta,
certain subsidiaries of SunOpta as subsidiary guarantors and loan parties, the
lenders from time to time party thereto, BMO as administrative agent and
collateral agent and BMO Capital Markets Corp. and Cooperative Centrale
Raiffeisen-Boerenleenbank B.A., New York Branch, as joint lead arrangers and
joint bookrunners, pursuant to which SunOpta Foods may obtain loans in an
aggregate principal amount not in excess of US$330,000,000 (the “Second Lien
Term Loans”) for purposes of assisting with the proposed purchase of all of
the issued and outstanding share capital of Sunrise Holdings (Delaware), Inc.,
as such second lien loan agreement may be amended, varied, supplemented,
restated, amended and restated, renewed or replaced at any time and from time to
time, a true, complete and correct executed copy of which is attached hereto as
Schedule FF. 

	1.3 	
      Headings. The insertion of headings in this Second
      Amending Agreement is for convenience of reference only and shall not
      affect the interpretation of this Second Amending
  Agreement.

SECTION 2 
COVENANTS 

	2.1 	
      Sunrise Acquisition. Section 9.2 of the Credit
      Agreement is hereby amended by inserting the following text as new
      Sections 9.2(t) and 9.2(u):

	 	“(t) 	
      Sunrise Acquisition. Prior to the “Discharge of
      First Lien Obligations” (as defined in the Intercreditor Agreement),
      without the prior written consent of the “First Lien Collateral
      Agent” (as defined in the Intercreditor Agreement), it agrees that no
      “Second Lien Document” (as defined in the Intercreditor Agreement)
      may be amended, restated, renewed, extended, supplemented or otherwise
      modified, and no new Second Lien Document may be granted after the date
      hereof to the extent any such amendment, restatement, renewal, extension,
      supplement or other modification or the terms of such new Second Lien
      Document would: 

	 	(i) 	
      contravene the provisions of the Intercreditor Agreement
      or this Agreement;

- 4 - 

	 	(ii) 	
      increase the then outstanding principal amount of the
      Second Lien Term Loans or, after their issue, the Second Lien Notes (as
      defined in the Intercreditor Agreement);

	 	 	 
	 	(iii) 	
      (A) increase the interest rate (relating to interest
      payable in cash) by more than 3.00% per annum (excluding increases
      resulting from the accrual of interest at the default rate); or (B)
      increase the default rate of interest other than indirectly through an
      interest rate increase permitted under the preceding clause (A);

	 	 	 
	 	(iv) 	
      change (to earlier dates) any dates upon which payments
      of principal or interest are due thereon;

	 	 	 
	 	(v) 	
      change any covenant, default or event of default under,
      and as defined in, such Second Lien Document in a manner adverse to a
      “Grantor” (as defined in the Intercreditor Agreement);

	 	 	 
	 	(vi) 	
      change the redemption, prepayment or defeasance
      provisions thereof; or

	 	 	 
	 	(vii) 	
      increase the obligations of the Obligors under the Second
      Lien Documents or confer any additional rights on the “Second Lien
      Claimholders” (as defined in the Intercreditor Agreement) and/or the
      “Second Lien Collateral Agent” (as defined in the Intercreditor
      Agreement) which would be adverse to the “First Lien Claimholders”
      (as defined in the Intercreditor Agreement) and/or the “First Lien
      Collateral Agent” (as defined in the Intercreditor Agreement) except
      for increases in payment-in-kind interest.

Notwithstanding the foregoing, the
Second Lien Term Loans and/or the Second Lien Notes may be “Refinanced”
(as defined in the Intercreditor Agreement) to the extent (i) the terms and
conditions of such “Refinancing” (as defined in the Intercreditor
Agreement) debt are no less favourable to the First Lien Claimholders and in the
aggregate to the Obligors than the terms and conditions of the Second Lien
Documents (as in effect prior to the Refinancing and as determined in the
reasonable opinion of the First Lien Collateral Agent, acting on behalf of the
Required Lenders); (ii) the outstanding aggregate principal amount of the Second
Lien Term Loans and/or the Second Lien Notes (as applicable) as in effect prior
to the Refinancing is not increased, and all other terms and provisions of such
Refinancing debt would be permitted in an amendment to the Second Lien Documents
in accordance with this Section 9.2(t); and (iii) the holders of such
Refinancing debt or their representative, agent or trustee bind themselves, as
Second Lien Claimholders, in a writing addressed to the First Lien Collateral
Agent for the benefit of itself and the First Lien Claimholders, to the terms of
the Intercreditor Agreement. 

- 5 - 

	 	(u) 	
      Second Lien Term Loans and Second Lien Notes. It
      shall not make, or permit to be made, any voluntary prepayment in respect
      of the Second Lien Term Loans and/or the Second Lien Notes (as
      applicable). In addition to the prohibition in respect of any voluntary
      prepayment of the Second Lien Term Loans and/or the Second Lien Notes (as
      applicable), it shall not make, or permit to be made, any payments of
      principal of, premium, if any, and/or interest on the Second Lien Term
      Loans and/or the Second Lien Notes (as applicable), unless at the time of
      any such payment no Default or Event of Default shall have occurred and be
      continuing or would occur as a consequence thereof. It shall not make, or
      permit to be made, any purchase or other acquisition of any Second Lien
      Term Loans and/or the Second Lien Notes (as applicable) (whether by way of
      redemption, open market purchases, privately negotiated transactions,
      tender offers, exchange offers or otherwise), unless at the time of any
      such purchase or other acquisition of Second Lien Term Loans and/or the
      Second Lien Notes (as applicable) no Default or Event of Default shall
      have occurred and be continuing or would occur as a consequence thereof.
      It shall not permit any Subsidiary or Affiliate to guarantee or otherwise
      provide credit support for the Second Lien Term Loans and/or the Second
      Lien Notes (as applicable) unless such Person also guarantees or provides
      the same credit support or is primarily liable for the First Lien
      Obligations.”.

SECTION 3 
EVENTS OF DEFAULT 

	3.1 	
      Events of Default. Section 10.1 of the Credit
      Agreement is hereby amended by inserting the following text as new
      Sections 10.1 (p) and 10.1(q):

	 	“(p) 	Second Lien Term Loan Agreement. There
      occurs a default or event of default under and as defined in the Second
      Lien Term Loan Agreement. 
	 	  	  
	 	(q) 	Second Lien Notes Indenture. There
      occurs a default or event of default under and as defined in the Second
      Lien Notes Indenture.”. 

SECTION 4 
SCHEDULES 

	4.1 	
      Schedules. Schedules EE and FF are hereby added to
      the Credit Agreement, which such Schedules EE and FF are attached hereto,
      respectively, as Exhibit I and Exhibit II hereto.

SECTION 5 
CONDITIONS PRECEDENT 

	5.1 	
      Conditions Precedent. The effectiveness of this
      Second Amending Agreement is subject to and conditional upon the
      satisfaction of the following conditions and the delivery by the Agent to
      the Borrowers of a written notice that this Second Amending Agreement is
      then effective:

- 6 - 

	 	(a) 	
      Delivery of Documents. The Agent and/or
      BMO, as applicable, shall have received Sufficient Copies, in form and
      substance satisfactory to the Agent and/or BMO, as applicable, of the
      following:

	 	(i) 	
      this Second Amending Agreement duly executed by all of
      the parties hereto;

	 	 	 
	 	(ii) 	
      a Certificate of each of the Obligors dated as of the
      date hereof certifying that:

	 	(A) 	
      its constating documents and the by-laws, which shall be
      attached thereto, are complete and correct copies and are in full force
      and effect;

	 	 	 
	 	(B) 	
      all resolutions and all other authorizations necessary to
      authorize the execution and delivery of and the performance by it of its
      obligations under this Second Amending Agreement, the Credit Agreement as
      amended by this Second Amending Agreement and the other Documents to which
      it is a party and all the transactions contemplated thereby; and

	 	 	 
	 	(C) 	
      all representations and warranties contained in the
      Credit Agreement and in the Second Amending Agreement are true and correct
      as if made on the date of the Certificate, except to the extent affected
      by the transactions contemplated by this Second Amending
  Agreement.

	 	(iii) 	
      opinions of counsel to each Obligor, addressed to the
      Agent and each Lender and counsel to the Agent with respect to, inter
      alia, corporate existence, capacity, due authorization, execution and
      delivery of the Second Amending Agreement, together with the
      enforceability of the Second Amending Agreement and the Credit Agreement
      as amended by the Second Amending Agreement; and

	 	 	 
	 	(iv) 	
      such other documents as the Agent may reasonably
      request.

SECTION 6 
REPRESENTATIONS AND WARRANTIES 

	6.1 	
      Representations. Each of the Obligors represents
      and warrants to the Agent and the Lenders
that:

	 	(a) 	
      the Credit Agreement, as amended by this Second Amending
      Agreement, is its legal, valid and binding obligation, enforceable against
      it in accordance with its terms, subject to (i) applicable bankruptcy,
      reorganization, moratorium or similar laws affecting creditors' generally,
      (ii) the fact that specific performance and injunctive relief may only be
      given at the discretion of the courts, and (iii)
the equitable or statutory powers of the courts to stay proceedings
before them and to stay the execution of judgments; 

- 7 - 

	 	(b) 	
      the Credit Agreement, as amended by this Second Amending
      Agreement, does not conflict with any constating document, agreement,
      instrument or undertaking binding upon it or any of its
  properties;

	 	 	 
	 	(c) 	
      no Default or Event of Default now exists under the
      Credit Agreement or will exist after giving effect to this Second Amending
      Agreement;

SECTION 7 
GENERAL 

	7.1 	
      Acknowledgement. The Agent and the Lenders
      acknowledge that the Borrowers have advised that there will be
      insufficient borrowing base availability under Facility B in order for
      SunOpta Foods to make a request for and obtain an Advance under Facility B
      in an amount of up to US$65,500,000 in order to assist with SunOpta Foods’
      proposed purchase of all of the issued and outstanding share capital of
      Sunrise Holdings (Delaware), Inc. (“Sunrise”). Accordingly, the
      Borrowers have requested that the Agent and the Lenders permit certain
      lending and margin value to be attributed to the current assets of Sunrise
      and its various United States subsidiaries (consisting only of Sunrise
      Growers, Inc., Farm Capital Incorporated and Pacific Ridge Farms, LLC)
      which would constitute Eligible Accounts Receivable, Insured Eligible
      Accounts Receivable and/or Eligible Inventory but for the fact that the
      Agent does not then have a perfected first (subject to Permitted Liens)
      priority Lien on behalf of the Lenders on such current assets, in order to
      allow SunOpta Foods to obtain a single Advance in an amount of up to
      US$65,500,000 under Facility B in order to assist with the acquisition of
      Sunrise. In the circumstances, the Agent, the Lenders and SunOpta Foods
      acknowledge and agree that SunOpta Foods may, for purposes of effecting
      the Sunrise acquisition, receive lending/margin value in respect of such
      Eligible Accounts Receivable, Insured Eligible Accounts Receivable and
      Eligible Inventory of each of Sunrise, Sunrise Growers, Inc., Farm Capital
      Incorporated and Pacific Ridge Farms, LLC at advance rates equal to 50% of
      the advance rates otherwise applicable for purposes of calculating the
      Facility B Borrowing Base. The Borrowers, the Agent, the Lenders and the
      other Obligors acknowledge and agree that this accommodation is being made
      by the Agent and the Lenders to SunOpta Foods for a limited period
      commencing on the date of the drawdown of the single Advance under
      Facility B in order to assist with the acquisition of Sunrise until the
      earlier of (i) the date which is 30 days after the closing of SunOpta
      Foods’ acquisition of Sunrise; and (ii) the date on which a satisfactory
      borrowing base certificate and field examination report in respect of
      Sunrise and its subsidiaries which constitute North American Included
      Subsidiaries (including most current, last 3 months, aged accounts
      receivable, accounts payable and inventory listings for Sunrise and its
      relevant North American Included Subsidiaries) have been provided to the
      Agent and each of Sunrise and its North American Included Subsidiaries has
      become an Obligor under the Credit Agreement and has executed and
      delivered the documentation required pursuant to Section 7.3 of the Credit
      Agreement, at which point in time this accommodation shall no longer be
      available and the Facility B Borrowing Base will be calculated in
      accordance with its normal terms under the Credit Agreement. For greater
certainty, the parties acknowledge and agree that no margin or lending value
will be provided in respect of real property or equipment located in the USA
which is owned by Sunrise or its North American Included Subsidiaries until such
point in time as there has been provided in favour of the Agent, as applicable,
an environmental Phase I report, the most recent available appraisal in respect
of such real property or equipment, and a first-ranking Mortgage/Lien (subject
to Permitted Liens) has been granted and exists in favour of the Agent as
required by the Credit Agreement. The parties agree that the provisions of this
Section 7.1 amend the last paragraph of the Waiver and Consent regarding Project
Shine dated July 30, 2015 previously entered into and/or acknowledged by the
Agent, each of the Lenders, each of the Borrowers and each of the other
Obligors. In addition to the foregoing, the parties acknowledge, confirm and
agree that Tradin Organics USA, LLC is an Excluded Subsidiary for purposes of
the Credit Agreement. 

- 8 - 

	7.2 	
      Severability. Any provision of this Second
      Amending Agreement which is prohibited by the laws of any jurisdiction
      shall, as to such jurisdiction, be ineffective to the extent of such
      prohibition without invalidating the remaining terms and provisions
      hereof.

	 	 
	7.3 	
      Costs, Expenses and Taxes. The Obligors agree to
      pay, on demand, all reasonable costs and expenses of the Agent and the
      Lenders in connection with the preparation, execution, delivery, operation
      or enforcement of this Second Amending Agreement and the Credit Agreement
      including, without limitation, the reasonable fees and out-of-pocket
      expenses of the Lenders' counsel and other professionals engaged by the
      Lenders with respect to the preparation, negotiation and documentation of
      this Second Amending Agreement, the Security Documents, if any, and the
      related closing documents with respect thereto and with respect to
      advising the Agent and the Lenders of their rights and responsibilities in
      connection with the continuing operation of the Credit Agreement, as
      amended by this Second Amending Agreement.

	 	 
	7.4 	
      Form of Documents. All documents delivered under
      or in connection with this Second Amending Agreement or under or in
      connection with the Credit Agreement shall be in form and substance
      satisfactory to the Agent, the Lenders and their counsel, in each case,
      acting reasonably.

	 	 
	7.5 	
      Governing Law. This Second Amending Agreement
      shall be governed by and construed in accordance with the laws of the
      Province of Ontario and of Canada applicable therein and shall be treated
      in all respects as an Ontario contract. Each Borrower and Obligor
      irrevocably submits to the non-exclusive jurisdiction of the courts of the
      Province of Ontario and hereby irrevocably agrees that all claims in
      respect of such action or proceeding may be heard and determined in such
      court. Each Obligor hereby irrevocably waives, to the fullest extent it
      may effectively do so, the defence of an inconvenient forum to the
      maintenance of such action or proceeding.

	 	 
	7.6 	
      Governing Documents. The Credit Agreement as
      amended by this Second Amending Agreement and all other Documents
      delivered pursuant to or referenced in the Credit Agreement as amended by
      this Second Amending Agreement constitute the complete agreement of the
      parties hereto with respect to the subject matter hereof and
    supersede any other agreements or understandings between or among each of
the Obligors, the Agent and the Lenders. Save as expressly amended by this
Second Amending Agreement, all other terms and conditions of the Credit
Agreement remain in full force and effect unamended. 

- 9 - 

	7.7 	
      Time of the Essence. Time shall be of the essence
      of this Second Amending Agreement.

	 	 
	7.8 	
      Further Assurances. The Obligors shall from time
      to time promptly, upon the request of the Agent, take or cause to be taken
      such action, and execute and deliver such further documents as may be
      reasonably necessary or appropriate to give effect to the provisions and
      intent of this Second Amending Agreement and the Documents.

	 	 
	7.9 	
      Confirmation of Obligors. By signing this Second
      Amending Agreement, each of the Obligors hereby agrees to comply with all
      of its obligations under the Credit Agreement as hereby amended and, as
      applicable, confirms that the guarantees given by it (and/or its
      predecessor corporations, as applicable) to the Agent and the Lenders and
      all Security Documents given by it (and/or its predecessor corporations,
      as applicable) as security for its obligations, direct, indirect, absolute
      and/or contingent, remain in full force and effect in accordance with
      their respective terms and continue to support all of the Borrowers'
      indebtedness and liabilities, present and future, to, the Agent and the
      Lenders including, without limitation, each Borrower's indebtedness and
      liabilities under the Credit Agreement and the Security Documents granted
      by each such Borrower (and/or their respective predecessor corporations,
      as applicable). For greater certainty, each Obligor that has previously
      executed and delivered a Security Document hereby acknowledges and
      confirms that each such Security Document secures the obligations of such
      Obligor under and in connection with this Agreement and all other relevant
      Documents.

	 	 
	7.10 	
      Counterparts. This Agreement and the Documents may
      be executed and delivered in any number of counterparts, each of which
      when executed and delivered is an original but all of which taken together
      constitute one and the same instrument. This Agreement and the Documents
      may be executed and delivered by facsimile transmission or PDF and each of
      the parties hereto may rely on such facsimile signature or PDF as though
      that facsimile signature or PDF were an original hand-written
      signature.

[SIGNATURE PAGES FOLLOW] 

- S1 - 

IN WITNESS WHEREOF the parties hereto have caused this
Second Amending Agreement to be executed by their respective officers thereunto
duly authorized, as of the date first above written. 

	SUNOPTA INC. 	By:   /s/ Jill Barnett 
	  	Name:   Jill Barnett 
	  	Title:   VP, General Counsel &
      Corporate Secretary 
	  	 
	  	 
	  	 
	SUNOPTA FOODS INC. 	By:   /s/ Jill Barnett 
	  	Name:   Jill Barnett 
	  	Title:   VP, General Counsel &
      Corporate Secretary 
	  	 
	  	 
	  	 
	SUNOPTA INVESTMENTS LTD. 	By:   /s/ Jill Barnett 
	  	Name:   Jill Barnett 
	  	Title:  VP, General Counsel &
      Corporate Secretary e 
	  	 
	  	 
	SUNOPTA GRAINS AND FOODS INC. 	By:   /s/ Jill Barnett 
	  	Name:   Jill Barnett 
	  	Title:   VP, General Counsel &
      Corporate Secretary 
	  	 
	  	 
	SUNOPTA COMPANIES INC. 	By:   /s/ Jill Barnett 
	  	Name:   Jill Barnett 
	  	Title:   VP, General Counsel &
      Corporate Secretary 
	  	 
	  	 
	SUNOPTA GLOBAL ORGANIC 	By:   /s/ Jill Barnett 
	INGREDIENTS INC. 	Name:   Jill Barnett 
	  	Title:   VP, General Counsel &
      Corporate Secretary 
	  	 
	  	 
	CITRUSOURCE, LLC 	By:   /s/ Jill Barnett 
	  	Name:   Jill Barnett 
	  	Title:   VP, General Counsel &
      Corporate Secretary 

- S2 - 

	BANK OF MONTREAL 	By:   /s/ Francois Wentzel
    
	in its capacity as Agent 	Name:   Francois
      Wentzel 
	  	Title:   Managing
      Director 
	  	 
	  	By:________________________________
    
	  	Name: 
	  	Title: 	  
	  	  	  
	  	  	  
	BANK OF MONTREAL 	By:   /s/ Pedram
      Kaya 
	in its capacity as Lender 	Name:   Pedram Kaya
    
	  	Title:   Managing
      Director, Corporate 
	  	Finance, ABL, BMO Bank of
      Montreal 
	  	  	  
	  	By:   /s/ Gary Still 
	  	Name:   Gary Still
    
	  	Title:   Managing
      Director, Corporate 
	  	Finance, ABL, BMO Bank of
      Montreal 
	  	  	  
	  	  	  
	BANK OF MONTREAL 	By:   /s/ Randon Gardley
  
	(Chicago Branch) 	Name:   Randon
      Gardley 
	in its capacity as Lender 	Title:   Vice
      President 
	  	  	  
	  	By:________________________________
    
	  	Name: 	  
	  	Title: 	  
	  	  	  
	  	  	  
	EXPORT DEVELOPMENT 	By:   /s/ Sean Borutskie
  
	CANADA 	Name:   Sean
      Borutskie 
	in its capacity as Lender 	Title:   Asset
      Manager 
	  	  	  
	  	By:   /s/ Sheila Banning
  
	  	Name:   Sheila
      Banning 
	  	Title:   Asset
      Manager 
	  	  	  
	  	  	  
	RABOBANK NEDERLAND 	By:   /s/ Valter Lourenco
    
	CANADIAN BRANCH 	Name:   Valter
      Lourenco 
	in its capacity as Lender 	Title:   Vice President,
      Senior Credit Analyst 
	  	  	  
	  	By:   /s/ Nicolas Stoupak
    
	  	Name:   Nicolas
      Stoupak 
	  	Title:   Executive
      Director 

- S3 - 

	CANADIAN IMPERIAL BANK 	By:   /s/ Lisa Daley
    
	OF COMMERCE 	Name:   Lisa Daley
    
	in its capacity as Lender 	Title:   Authorized
      Signatory 
	  	  	  
	  	By:   /s/ Nicole
      Shinya 
	  	Name:   Nicole
      Shinya 
	  	Title:   Authorized
      Signatory 

EXHIBIT I 

SCHEDULE EE 

[SEE ATTACHED INTERCREDITOR AGREEMENT] 

EXHIBIT II 

SCHEDULE FF 

[SEE ATTACHED SECOND LIEN TERM LOAN AGREEMENT]SunOpta Inc.: Exhibit 10.20 - Filed by newsfilecorp.com

Exhibit 10.20 

 

EMPLOYMENT AGREEMENT 

This Employment Agreement (“Agreement”), dated as of
July 29, 2015, is made by and between SunOpta, Inc. (“SunOpta”) (SunOpta
together with all past, present, and future parents, divisions, operating
companies, subsidiaries, and affiliates are referred to collectively herein as
“Company”) and Edward Haft (“Executive”).

WHEREAS, pursuant to the Purchase and Sale Agreement
dated July 30, 2015, and ancillary agreements (the “Purchase Agreement”),
Company will acquire all of the all of the outstanding equity interests in
Sunrise Holdings (Delaware), Inc. (“Holdings”);

WHEREAS, Executive has been employed as the President
and Chief Executive Officer of Sunrise Growers, Inc. (“Sunrise”), a
wholly-owned subsidiary of Holdings;

WHEREAS, Company desires to employ Executive following
Company’s acquisition of Sunrise (the “Transaction”), and Executive
desires to continue such employment upon the terms and conditions set forth in
this Agreement; 

NOW, THEREFORE, in consideration of the promises and
mutual covenants herein and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Company and Executive
agree as follows: 

	1. 	
      TERM OF EMPLOYMENT

	 	 
		
      The term of Executive’s employment with Company under the
      terms and conditions of this Agreement commences upon the closing of the
      Transaction (“Effective Date”) and ends on the earlier of the third
      anniversary of the Effective Date or the date on which Executive’s
      employment with the Company ends in accordance with Section 7 of this
      Agreement (the “Employment Term”). If Executive remains employed by
      Company after the Employment Term ends, then such continued employment
      shall be according to the terms and conditions established by Company from
      time to time (provided that any provisions of this Agreement that by their
      terms survive the termination of the Employment Term and this Agreement
      shall remain in full force and effect).

	 	 
	2. 	
      TITLE AND EXCLUSIVE
SERVICES

	(a) 	
      Title and Duties. During the Employment Term,
      Executive’s title will be SVP Frozen Fruit Category, and Executive will
      perform such duties and have such authority consistent with such position
      and as determined from time to time by Company. Executive will report to
      the Company’s Chief Executive Officer. Executive will also serve in such
      other positions and capacities with any affiliate of Company as requested
      from time to time by Company, without additional compensation to
      Executive. Executive will follow all applicable written policies and
      procedures of Company as of the date hereof and as may be updated or
      adopted by Company from time to time, including without limitation
      Company’s employee handbook and all policies relating to business ethics,
      conflict of interest, management and disclosure of Company financial
      information, non-discrimination, non-disparagement, workplace safety, and
      confidentiality and protection of Company and third party trade
      secrets.

1 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH 

Exhibit 10.20 

 

	(b) 	
      Exclusive Services. During the Employment Term,
      Executive will devote Executive’s full business time and best efforts to
      the performance of Executive’s duties hereunder and will not engage in any
      other business, profession, or occupation for compensation or otherwise,
      without the prior consent of the Company; provided, however, that
      Executive may participate in professional, civic or charitable
      organizations so long as such participation is unpaid and does not
      interfere with the performance of Executive’s duties or responsibilities
      under this Agreement or conflict with Executive’s confidentiality,
      non-competition, non-solicitation or non-disparagement obligations under
      the Purchase Agreement. 

	  	
      

	(c) 	
      Prior Employment. Executive affirms that no
      contractual, fiduciary or other obligation exists with any prior employer
      or entity that would prevent Executive from fully performing duties and
      responsibilities of this Agreement, or that would subject Company to any
      claim with respect to Company’s employment of Executive. Executive
      represents and warrants he will not use or disclose any confidential or
      proprietary information from any prior employer in the course of his
      employment with Company (except with respect to such information purchased
      by Company in connection with the Transaction). 

	  	  
	3. 	COMPENSATION AND BENEFITS 
	  	  
	(a) 	
      Base Salary. During the Employment Term, Executive
      shall be paid for services rendered an annualized salary of Four Hundred
      and Twelve Thousand Dollars ($412,000.00) (“Base Salary”). The Base
      Salary shall be payable in accordance with Company’s regular payroll
      practices and pursuant to Company policy, which may be amended from time
      to time. Executive’s performance and Base Salary shall be reviewed from
      time to time and Company may increase Executive’s annual Base Salary rate
      in accordance with reasonable practices and Company policy. 

	  	
      

	(b) 	
      Car Allowance: Executive shall be paid an
      annualized car allowance of $18,000 to be paid according to the Company’s
      regular payroll practices including applicable taxes and withholding. In
      addition, customary running expenses (e.g. fuel, insurance) can be
      submitted as expenses. 

	  	
      

	(c) 	
      Incentive Opportunity. For each full fiscal year
      during the Employment Term, Executive shall be eligible to receive an
      annual incentive (the “Annual Incentive”) with a target amount of
      sixty percent (60%) of Executive’s Base Salary, based on the achievement
      of performance targets or goals to be determined by Company after
      consultation with Executive, and in accordance with the terms and
      conditions of Company’s Short Term Incentive Plan as in effect from time
      to time. Subject to Section 8(b), no Annual Incentive will be earned
      unless Executive remains employed as of the payment date for such Annual
      Incentive, with such payment to be made to Executive in the fiscal year
      following the year giving rise to the Annual Incentive. All determinations
      by Company regarding the satisfactory achievement of performance targets
      and all other conditions for the payment of any Annual Incentive shall be
      in the sole discretion of Company and final and binding on Executive.
    

	  	
      

	(d) 	
      Long-Term Incentive. For each full fiscal year
      during the Employment Term, Executive will be eligible to participate in
      Company’s Long Term Incentive Plan at a target of 60% of Base Salary in
      accordance with the terms and conditions of the Company’s Long Term
      Incentive Plan as in effect from time to time. In addition, upon the
      Effective Date and subject to Board of Directors approval, the Company
      will grant Executive a one-time award of 100,000 stock options, with a
    strike price as of the day prior to grant in accordance
      with the terms and conditions of the SunOpta 2013 Stock Plan and a
  definitive award agreement. 

2 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH 

Exhibit 10.20 

 

	(e) 	
      Employee Stock Purchase Plan: During the
      Employment Term, you will be eligible to participate in the ESPP with 1%
      to 10% contribution up to a maximum stock value of $25,000 and in
      accordance with the ESP Plan document as in effect from time to time.
    

	  	
       

	(f) 	
      Employee Benefits. During the Employment Term,
      Executive will be entitled to participate in each employee benefit plan
      and program of Company as in effect from time to time, on the same basis
      as those benefits are generally made available to similarly-situated
      executives of Company. Company provides no assurance as to the adoption or
      continuance of any particular employee benefit plan or program, and
      Executive’s participation in any such plan or program will be subject to
      the provisions, rules and regulations applicable thereto. Executive will
      also receive reimbursement of up to $6,800.00, less applicable taxes and
      withholding for any voluntary life insurance acquired by Executive,
      subject to the Company’s receipt of acceptable documentation. 

	  	
       

	(g) 	
      Expenses. During the Employment Term, Company will
      reimburse Executive for reasonable business expenses pursuant to Company
      policy. 

	  	
       

	(h) 	
      Withholdings and Deductions. Company will deduct
      or withhold from any payment made or benefit provided hereunder, including
      without limitation compensation specified in this Section 3, all federal,
      state and local taxes and other withholdings the Company is required or
      authorized by law to deduct or withhold therefrom or otherwise collect in
      connection with the wages and benefits provided in connection with the
      Executive’s employment with the Company. 

	  	  
	4. 	NONDISCLOSURE OF CONFIDENTIAL
      INFORMATION 
	  	  
	(a) 	
      Confidential Information. Company will provide to
      Executive confidential information and trade secrets including but not
      limited to Company’s marketing plans, growth strategies, target lists,
      performance goals, operational and programming strategies, specialized
      training expertise, employee development, engineering information, sales
      information, client and customer lists, business and employment contracts,
      representation agreements, pricing and ratings information, production and
      cost data, compensation and fee information, strategic business plans,
      budgets, financial statements, technological initiatives, proprietary
      research or software purchased or developed by Company, content
      distribution, and other information Company treats as confidential or
      proprietary (collectively “Confidential Information”). Confidential
      Information shall not include any information that is in or enters the
      public domain through no fault or action of Executive. 

	  	
       

	(b) 	
      Agreement Not to Use or Disclose. Executive
      acknowledges that Confidential Information is proprietary to Company and
      agrees not to use it or disclose it to anyone outside Company, except to
      the extent that: (i) it is necessary in connection with performing
      Executive’s duties; or (ii) Executive is required by court order to
      disclose the Confidential Information, provided that Executive shall
      promptly inform Company, shall cooperate with Company to obtain a
      protective order or otherwise restrict disclosure, and shall only disclose
      Confidential Information to the minimum extent necessary to comply with
      the court order. Executive agrees to never use Confidential Information,
      including Company trade secrets, in competing, directly or indirectly,
      with Company. When Executive’s employment ends, or at any other time upon
      request of Company, Executive will immediately return all Confidential
      Information to Company. 

3 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH 

Exhibit 10.20 

 

	5. 	
      RESTRICTIVE COVENANTS

	(a) 	
      Non-Interference. To preserve Company’s
      Confidential Information, goodwill and legitimate business interests,
      Executive agrees that during Executive’s employment with Company
      (including any period of such employment after the Employment Term ends)
      and for twelve (12) months after such employment ends for any reason,
      Executive will not, directly or indirectly, whether for his own account or
      for the account of any other individual, partnership, firm, corporation or
      other business organization (each a “Person”) (other than Company)
      (i) (A) solicit in any capacity, encourage to terminate, or otherwise
      interfere with the relationship of, any individual who is, or was within
      the then-most recent twelve (12)-month period, employed by, or otherwise
      engaged to perform services for, Company, or (B) endeavor to entice away
      from Company any such individual; provided that general advertising not
      directed specifically at employees of Company shall not be deemed to
      violate this clause; or (ii) solicit in any capacity or encourage any
      Person who is, or was within the then-most recent twelve (12)-month
      period, a vendor, supplier or licensor of Company, to terminate or reduce
      its relationship with Company.

	 	 
	(b) 	
      Non-Solicitation. To further preserve Company's
      Confidential Information, goodwill, specialized training expertise, and
      legitimate business interests, Executive agrees that during Executive’s
      employment with Company (including any period of such employment after the
      Employment Term ends) and for twelve (12) months after such employment
      ends for any reason, Executive will not, directly or indirectly, whether
      for his own account or for the account of any other Person, use any
      Confidential Information to solicit or endeavor to entice away from
      Company any Person who is, or was within the then-most recent twelve
      (12)-month period, a customer of Company.

	 	 
	(c) 	
      Extension of Restrictions. The restrictions set
      forth in this Section 5 shall be extended by the length of any period
      during which Executive is in breach of any of the terms
  hereof.

	6. 	
      OWNERSHIP OF MATERIALS

	(a) 	
      Ownership and Assignment. Executive agrees that
      all inventions, improvements, discoveries, designs, technology, and works
      of authorship (including but not limited to computer software) made,
      created, conceived, or reduced to practice by Executive, whether alone or
      in cooperation with others, during Executive’s employment with Company
      (including any period of such employment before or after the Employment
      Term), together with all patent, trademark, copyright, trade secret, and
      other intellectual property rights related to any of the foregoing
      throughout the world, are among other things works made for hire (the
      “Works”) and at all times are owned exclusively by Company, and in any
      event, Executive hereby assigns all ownership in such rights to Company.
      Executive understands that the Works may be modified or altered and
      expressly waives any rights of attribution or integrity or other rights in
      the nature of moral right (droit morale) for all uses of the Works.
      Executive agrees to provide written notification to Company of any Works
      covered by this Agreement, execute any documents, testify in any legal
      proceedings, and do all things necessary or desirable to secure Company’s
      rights to the foregoing, including without limitation executing inventors’
      declarations and assignment forms, even if no longer employed by Company.
      Executive agrees that Executive shall have no right to reproduce,
      distribute copies of, perform publicly, display publicly, or prepare
      derivative works based upon the Works. Executive hereby irrevocably
      designates and appoints the Company as Executive’s agent and
      attorney-in-fact, to act for and on Executive’s behalf regarding obtaining
      and enforcing any intellectual property rights that were created by
      Executive during employment with Company and related to the performance of Executive’s job. Executive
agrees not to incorporate any intellectual property created by Executive prior
to Executive’s employment with Company, or created by any third party, into any
Company work product. The assignment of Works under this Section 6 does not
apply to an invention for which no equipment, supplies, facility, or trade
secret information of Company was used and which invention was developed
entirely on Executive’s own time, so long as the invention does not: (i) relate
directly to the business of the Company; (ii) relate to the Company’s actual or
demonstrably anticipated research or development, or (iii) result from any work
performed by Executive for Company. 

4 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH 

Exhibit 10.20 

 

	(b) 	
      Third Party Information. Executive shall not
      improperly use for the benefit of, bring to any premises of, divulge,
      disclose, communicate, reveal, transfer or provide access to, or share
      with Company any confidential, proprietary or non-public information or
      intellectual property relating to a former employer or other third party
      without the prior written permission of such third party. Executive hereby
      indemnifies, holds harmless and agrees to defend Company and its officers,
      directors, partners, employees, agents and representatives from any breach
      of the foregoing covenant. Executive shall comply with all relevant
      policies and guidelines of Company in effect from time to time at the
      discretion of the Company, including regarding the protection of
      confidential information and intellectual property and potential conflicts
      of interest.

	7. 	
      RESIGNATION/TERMINATION

	(a) 	
      Termination. Executive’s employment with Company
      may be terminated by either Company or Executive at any time and for any
      reason, except that in the event of Executive’s resignation without Good
      Reason effective prior to the third anniversary of the Effective Date,
      Executive shall provide at least ninety (90) days written notice to
      Company. Executive’s employment with Company will terminate immediately
      upon Executive’s death or Disability. The date upon which Executive’s
      termination of employment with Company for any reason is effective is the
      “Termination Date.” For the purposes of Section 8 of this
      Agreement, with respect to the timing of any severance payments
      thereunder, the Termination Date means the date on which a “separation
      from service” has occurred for the purposes of the Code.

	 	 
	(b) 	
      Resignation From Other Positions. Immediately upon
      termination of Executive’s employment with Company for any reason,
      Executive will resign all positions then held as a director or officer of
      Company, including any and all affiliates.

	8. 	
      COMPENSATION UPON
TERMINATION

	(a) 	
      Termination For Cause, Resignation Without Good
      Reason, Death or Disability. Upon termination of Executive’s
      employment with Company for Cause, upon Executive’s resignation without
      Good Reason, or upon Executive’s death or Disability, Company shall pay to
      Executive or Executive’s beneficiary or Executive’s estate, as the case
      may be, pursuant to this Agreement Executive’s Base Salary earned through
      the Termination Date, the value of Executive’s accrued and unused paid
      time off, and reimbursement for any unreimbursed business expenses
      properly incurred by Executive in accordance with Company policy on or
      prior to the Termination Date provided such claims are accompanied by
      appropriate documentation and are submitted to the Company within 30 days
      following the Termination Date (the “Accrued Compensation”).
      Executive will not be entitled to any other compensation or benefits from
      Company.

5 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH 

Exhibit 10.20 

 

	(b) 	
      Termination Without Cause or Resignation With Good
      Reason. Upon termination of Executive’s employment by Company without
      Cause (and not due to Executive’s death or Disability), or upon
      Executive’s resignation for Good Reason, then in addition to the Accrued
      Compensation, Company will, subject to Executive satisfying the conditions
      in Section 8(f), provide the following:

	 	(i) 	
      An amount equal to Executive’s annual Base Salary,
      payable in substantially equal installments on Company’s regular payroll
      schedule over a twelve (12)-month period following the Termination Date;
      provided that the first installment shall be paid commencing on the first
      regular payroll date of the Company that occurs more than 60 days after
      the Termination Date (and including any installment that would have
      otherwise been paid on regular payroll dates during the period of 60 days
      following the Termination Date), provided the conditions specified in
      Section 8(f) have been satisfied.

	 	 	 
	 	(ii) 	
      An amount equal to the Annual Bonus for the fiscal year
      prior to the year in which the Termination Date occurs, which would have
      been payable to Executive had he remained employed by Company through the
      Annual Bonus payment date for such prior fiscal year, if such prior year
      Annual Bonus has not yet been paid as of the Termination Date. The prior
      year amount will be calculated and payable in the same manner and at the
      same time as Annual Bonus payments are paid to other participants in the
      Short Term Incentive plan.

	 	 	 
	 	(iii) 	
      An amount equal to a pro-rata portion of the Annual Bonus
      for the fiscal year in which the Termination Date occurs, which would have
      been payable to Executive had he remained employed by Company through the
      Annual Bonus payment date. The pro rata amount shall be calculated based
      on Company’s actual performance during the applicable fiscal year,
      multiplied by a fraction, the numerator of which is the number of days
      during the fiscal year Executive was employed and the denominator of which
      is 365. Any such pro-rata amount will be payable to Executive in a lump
      sum no later than April 30 of the calendar year following the calendar
      year in which the Termination Date occurs.

	(c) 	
      Cause. For purposes of this Agreement,
      “Cause” shall mean:

	 	(i) 	
      Executive’s failure to perform materially his duties with
      respect to Company or its affiliates;

	 	 	 
	 	(ii) 	
      Executive’s commission of a felony or any other crime
      involving moral turpitude or Executive’s commission of any material
      dishonest act, fraud, embezzlement or similar conduct against the Company
      or its affiliates;

	 	 	 
	 	(iii) 	
      any act or omission by Executive that is the result of
      misconduct, gross negligence or any other conduct or behavior that is, or
      may reasonably be expected to be, materially detrimental to the financial
      condition, business or reputation of Company or its affiliates;

	 	 	 
	 	(iv) 	
      any material breach or violation by Executive of
      Company’s code of ethics and business conduct or such other material
      policies as may be adopted by Company from time to time;

	 	 	 
	 	(v) 	
      a material breach by Executive of his representations and
      warranties hereunder; or

6 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH 

Exhibit 10.20 

 

	 	(vi) 	
      a material breach by Executive of any obligations under
      any agreement entered into between Executive on the one hand and Company
      or any of its affiliates, on the other hand.

	(d) 	
      Good Reason. For the purposes of this Agreement,
      “Good Reason” shall mean (i) a material diminution in Executive’s
      Base Salary unless such reduction is consistent with a reduction applied
      to similarly-situated Company employees; (ii) a material diminution in
      Executive’s duties or responsibilities; (iii) a transfer of Executive’s
      primary workplace by more than fifty (50) miles from his current
      workplace; or (iv) Company’s failure to comply with any material
      obligation to Executive under this Agreement.

	 	 
	(e) 	
      Disability. “Disability” shall mean
      Executive’s inability to perform on a full-time basis the duties and
      responsibilities of his employment with Company by reason of his illness
      or other physical or mental impairment or condition, if such inability
      continues for an uninterrupted period of 120 days or more during any
      180-day period.

	 	 
	(f) 	
      Conditions. Notwithstanding the foregoing
      provisions of this Section 8, Company will not be obligated to make any
      payments to Executive under Section 8(b) hereof unless: Executive has
      signed a release of claims in favor of Company and its affiliates and
      related entities, and their directors, officers, insurers, employees and
      agents, in a form prescribed by Company; all applicable rescission periods
      provided by law for releases of claims shall have expired and Executive
      shall have signed and not rescinded the release of claims; and Executive
      is in strict compliance with the terms of this Agreement and any other
      agreements with Company as of the dates of such
payments.

	9. 	
      NON-DISPARAGEMENT

	 	 
		
      During and at any time after Executive’s employment with
      Company, Executive shall not, directly or indirectly, make any disparaging
      or negative comments or criticisms (whether of a professional or personal
      nature) regarding Company or Executive’s relationship with Company or the
      termination of such relationship.

	 	 
	10. 	
      FUTURE COOPERATION

	 	 
		
      During and at any time after Executive’s employment with
      Company, Executive will, upon reasonable request of Company or its
      designee, respond to inquiries and cooperate with Company in connection
      with the transition of his duties and responsibilities for Company and be
      reasonably available at mutually convenient times, with or without
      subpoena, to be interviewed, review documents or things, give depositions,
      testify, or engage in other reasonable activities in connection with any
      litigation, investigation or other matters that Executive then has or may
      have knowledge of by virtue of his employment by or service to Company.
      Company will reimburse Executive for reasonable out-of-pocket costs
      incurred as a result of his compliance with his obligations hereunder,
      and, with respect to cooperation provided during any period for which
      Executive is not receiving payments under Section 8(b), Company shall
      compensate Executive at an hourly rate comparable to his regular salary
      rate in effect as of the Termination Date. Nothing in this Agreement is
      intended to affect the substance of any testimony or other assistance that
      Executive is asked to provide and Executive agrees to provide complete and
      truthful testimony and to otherwise assist Company or its affiliates in
      light of and in full compliance with all applicable laws. Nothing in this
      Agreement shall interfere with Executive’s right to cooperate
  or participate in an investigation or proceeding conducted by, or
report a possible violation of law or regulation or make other disclosures to
the Equal Employment Opportunity Commission, Securities and Exchange Commission,
Department of Justice, any agency Inspector General or any other governmental or
law enforcement agency or entity. 

7 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH 

Exhibit 10.20 

 

	11. 	
      SECTION 409A

	 	 
		
      This Agreement and the payments and benefits provided
      hereunder are intended to satisfy, or be exempt from, the requirements of
      Internal Revenue Code Sections 409A(a)(2), (3) and (4), including current
      and future guidance and regulations interpreting such provisions
      (“Section 409A”), to the maximum extent possible, whether pursuant
      to the short-term deferral exception, the involuntary separation pay plan
      exception, or otherwise. To the extent Section 409A is applicable to this
      Agreement or the payments or benefits provided hereunder, it is intended
      that this Agreement and such payments and benefits comply with the
      deferral, payout and other limitations and restrictions imposed under
      Section 409A. Notwithstanding anything in this Agreement to the contrary,
      this Agreement and the payments and benefits provided hereunder shall be
      interpreted, operated and administered in a manner consistent with such
      intentions. Without limiting the generality of the foregoing, if and to
      the extent required to comply with Section 409A, (i) each payment made
      under this Agreement shall be treated as a separate payment and the right
      to a series of installment payments under this Agreement shall be treated
      as a right to a series of separate payments; (ii) any expenses eligible
      for reimbursement in one taxable year shall not affect the expenses
      eligible for reimbursement in any other taxable year, the reimbursement of
      an eligible expense shall be made no later than the end of the year after
      the year in which such expense was incurred, and the right to
      reimbursement shall not be subject to liquidation or exchange for another
      benefit; and (iii) no payment or benefit required to be paid under this
      Agreement on account of a termination of Executive’s employment shall be
      made unless and until Executive incurs a “separation from service” within
      the meaning of Section 409A. If Executive is a “specified employee” within
      the meaning of Section 409A(a)(2)(B)(i), then to the extent necessary to
      avoid subjecting Executive to the imposition of any additional tax under
      Section 409A, amounts that would otherwise be payable under this Agreement
      during the six-month period immediately following a “separation from
      service” within the meaning of Section 409A(a)(2)(A)(i) shall not be paid
      during such period, but shall instead be accumulated and paid in a lump
      sum on the first business day following the earlier of (a) the date that
      is six months after the separation from service or (b) Executive’s
      death.

	 	 
	12. 	
      MISCELLANEOUS

	(a) 	
      Governing Law. All matters relating to the
      interpretation, construction, application, validity and enforcement of
      this Agreement shall be governed by the laws of the State of Minnesota
      without giving effect to any choice or conflict of law provision or rule,
      whether of the State of Minnesota or any other jurisdiction, that would
      cause the application of laws of any jurisdiction other than the State of
      Minnesota.

	 	 
	(b) 	
      Jurisdiction and Venue. Executive and Company
      consent to jurisdiction of the courts of the State of Minnesota and/or the
      federal district courts of the District of Minnesota for the purpose of
      resolving all issues of law, equity, or fact, arising out of or in
      connection with this Agreement. Any action involving claims for
      interpretation, breach or enforcement of this Agreement shall be brought
      in such courts. Each party consents to personal jurisdiction over such
      party in the state and/or federal courts of Minnesota and hereby waives any
defense of lack of personal jurisdiction or inconvenient forum.

8 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH 

Exhibit 10.20 

 

	(c) 	
      Assignment. This Agreement shall be binding upon
      Executive, Executive’s heirs and Executive’s personal representative or
      representatives, and upon Company and its respective successors and
      assigns. Executive hereby consents to the Agreement being enforced by any
      successor or assign of the Company without the need for further notice to
      or consent by Executive. Neither this Agreement nor any rights or
      obligations hereunder may be assigned by Executive.

	 	 
	(d) 	
      Entire Agreement. This Agreement contains the
      entire agreement of the parties and supersedes any prior written or oral
      agreements or understandings between the parties; provided, however, that
      nothing in this Agreement is intended to, and does not, supersede, replace
      or modify any of the rights or obligations that either Executive or
      Company has under the terms and conditions of the Purchase Agreement or
      any documents ancillary to the Purchase Agreement. No modification of this
      Agreement shall be valid unless in writing and signed by the parties,
      relating to the subject matter of this Agreement, unless otherwise noted
      herein.

	 	 
	(e) 	
      Survival. The terms of this Agreement that by
      their terms survive termination of the Employment Term, including without
      limitation Sections 4 through 10, shall survive the expiration or
      termination of the Employment Term and the termination of Executive’s
      employment with Company for any reason, whether such termination is at the
      initiative of Executive or Company.

	 	 
	(f) 	
      Execution. This Agreement is not effective unless
      fully executed by both parties. This Agreement may be executed in
      counterparts, a counterpart transmitted via electronic means, and all
      executed counterparts, when taken together, shall constitute sufficient
      proof of the parties’ entry into this Agreement. The parties agree to
      execute any further or future documents which may be necessary to allow
      the full performance of this Agreement.

	 	 
	(g) 	
      No Waiver. The failure of a party to require
      performance of any provision of this Agreement shall not affect the right
      of such party to later enforce any provision. A waiver of the breach of
      any term or condition of this Agreement shall not be deemed a waiver of
      any subsequent breach of the same or any other term or
condition.

	 	 
	(h) 	
      Reasonable Restrictions; Severability. Company and
      Executive agree that the restrictions contained in Sections 4, 5 and 6 are
      material terms of this Agreement, reasonable in scope and duration and are
      necessary to protect Company’s Confidential Information, goodwill,
      specialized training expertise, and legitimate business interests. If any
      such restrictive covenant is held to be unenforceable because of the
      scope, duration or geographic area, the parties agree that the court or
      arbitrator may reduce the scope, duration, or geographic area, and in its
      reduced form, such provision shall be enforceable. Subject to the
      permissible modification identified in the prior sentence, if any
      provision of this Agreement shall, for any reason, be held unenforceable,
      such unenforceability shall not affect the remaining provisions hereof,
      except as specifically noted in this Agreement, or the application of such
      provisions to other persons or circumstances, all of which shall be
      enforced to the greatest extent permitted by law. Executive agrees that no
      bond will be required if an injunction is sought to enforce any of the
      covenants previously set forth herein.

9 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH 

Exhibit 10.20 

 

	(i) 	
      Headings. The headings in this Agreement are
      inserted for convenience of reference only and shall not control the
      meaning of any provision hereof.

[signature page follows] 

10 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH 

Exhibit 10.20 

 

IN WITNESS WHEREOF, the undersigned have executed this
Agreement on the date set forth above: 

EXECUTIVE: 

/s/ Edward Haft
Edward Haft 

COMPANY: 

	
    /s/
      Michelle Coleman  	 
	SunOpta, Inc. 	 

By: Michelle Coleman 
Its: CHRO 

11 

	 	Initials: 
	 	Company: MSC 
	 	Executive: EH

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