Document:

EXHIBIT
10.3

SECOND
AMENDMENT TO REAL ESTATE SALE AGREEMENT

This
SECOND AMENDMENT TO REAL ESTATE SALE AGREEMENT
(“Amendment”) is made on September 6,
2007 between CMD REALTY INVESTMENT FUND IV, L.P.,
an Illinois limited partnership (“Seller”), and HARVARD PROPERTY TRUST, LLC, a Delaware limited liability
company, dba Behringer Harvard Funds (“Purchaser”).

A.                                   Seller
and Purchaser entered into the Real Estate Sale Agreement, dated August 15,
2007, regarding the sale and purchase of the office buildings and related
improvements commonly known as “Northpoint Central”, “2603 Augusta” and “Regency
Center” located in Houston, Texas and that certain First Amendment to Real
Estate Sale Agreement dated September 5, 2007 (collectively, the “Original Sale Agreement”).

B.                                     Seller
has requested Purchaser to waive the estoppel conditions and related rights set
forth in Section 7 of the Original Sale Agreement.  Purchaser is willing to waive such conditions
and rights subject to the terms and conditions set forth in this Amendment.

Seller
and Purchaser agree as follows:

1.                                       Defined Terms.  All of the terms used in this Amendment have
the same meanings set forth for such terms in the Original Sale Agreement,
except to the extent expressly provided otherwise in this Amendment.  The term “Sale
Agreement” means the Original Sale Agreement, as amended by this
Amendment and as hereafter further amended from time to time.

2.                                       Estoppel Conditions.  Purchaser hereby waives the Tenant Estoppel
Condition set forth in Section 7(a) of the Original Sale Agreement and
all rights to terminate the Sale Agreement under Section 7(a) and Section
7(d) of the Original Sale Agreement. 
Seller and Purchaser each waive the Extension Right under Section
7(c) of the Original Sale Agreement. 
Purchaser hereby acknowledges and agrees that it received an estoppel
certificate from the Association which satisfies the requirements of Section
7(b) of the Original Sale Agreement.

3.                                       T.R. Moore — Indemnity.  T.R. Moore & Company, P.C. (“T.R. Moore”), a tenant under one of the Leases, has not as
of the date hereof, delivered to Seller and Purchaser a tenant estoppel
certificate that is acceptable to Purchaser. 
T.R. Moore has stated in its estoppel certificate that it believes it
may have been overcharged for operating expenses for prior years (the “Base Year Claim”.) 
Notwithstanding the Base Year Claim, Purchaser has agreed to waive its
Tenant Estoppel Condition and proceed to Closing.  In consideration of the foregoing, Seller
hereby agrees to indemnify, defend and hold Purchaser harmless from and against
all claims(including reasonable attorneys’ fees)  by T.R. Moore with respect to the Base Year
Claim (the “Base Year Indemnity”), provided,
however, in no event shall Seller’s liability under the foregoing Base Year Indemnity
exceed $50,000.00.  In addition, upon
Closing, Seller shall deposit into escrow out of the proceeds of Closing the
sum of $50,000.00 (the “Base Year Claim Security”)
to provide Purchaser with adequate funds necessary to resolve the Base Year
Claim with T.R. Moore and to secure Seller’s performance under the Base Year
Indemnity.  The Base Year Claim Security
shall be held in escrow following the Closing and disbursed by 

Escrow Agent
pursuant to the “Post-Closing Escrow Agreement”
attached hereto and made a part hereof as Exhibit A.  Seller and Purchaser each hereby covenant and
agree to execute and deliver to the other at Closing the Post-Closing Escrow
Agreement attached hereto as Exhibit A. 
In addition, it shall be a condition precedent to Purchaser’s obligation
to close the transaction contemplated under the Sale Agreement that the Base
Year Claim Security be deposited in escrow with the Escrow Agent and that
Seller execute and deliver to Purchaser (through the closing escrow) the
Post-Closing Escrow Agreement.

4.                                       Survival.  Seller’s obligations under the Base Year
Indemnity shall survive until the earlier of (1) the date Purchaser and T.R.
Moore settle the Base Year Claim, (2) the date the entire Base Year Security
has been paid out of the escrow pursuant to the terms of the Post-Closing
Escrow Agreement and (3) August 31, 2009 (the Termination Date”).  On the Termination Date, the Base Year
Indemnity shall be deemed to be of no further force or effect, and Purchaser
shall be deemed to have released Seller from all claims with respect to all
matters related to the Base Year Claim.

5.                                       Full Force and Effect.  Except to the extent expressly provided
otherwise in this Amendment, all of the terms and conditions set forth in the
Original Sale Agreement shall remain in full force and effect.

6.                                       Counterparts; Facsimile; E-Mail.  This Amendment may be executed in any number
of counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.  For purposes of this Amendment, any signature
transmitted by facsimile or e-mail (in pdf format) shall be considered to have
the same legal and binding effect as any original signature.

[balance
of page intentionally left blank; signature page follows]

 2

[signature
page to Second Amendment to Real Estate Sale Agreement]

	
  

  	
   

  	
  PURCHASER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  HARVARD PROPERTY TRUST, LLC,

  
	
   

  	
   

  	
  a Delaware limited liability company, dba 

  
	
   

  	
   

  	
  Behringer Harvard Funds

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   /s/ Gary S. Bresky

  
	
   

  	
   

  	
  Printed Name:

  	
   Gary S. Bresky

  
	
   

  	
   

  	
  Its:

  	
   Chief Financial Officer / Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SELLER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CMD REALTY INVESTMENT FUND IV, 

  
	
   

  	
   

  	
  L.P., an Illinois limited
  partnership

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  CMD/FUND IV GP INVESTMENTS, 

  
	
   

  	
   

  	
   

  	
  L.P., an
  Illinois limited partnership, its 

  
	
   

  	
   

  	
   

  	
  general partner

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  CMD REIM IV, INC., an
  Illinois

  
	
   

  	
   

  	
   

  	
   

  	
  corporation, its
  general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ Randall Highley

  
	
   

  	
   

  	
   

  	
   

  	
  Printed Name:

  	
   Randall Highley

  
	
   

  	
   

  	
   

  	
   

  	
  Its:

  	
   Vice President

  
											

 

EXHIBIT A

POST-CLOSING
ESCROW AGREEMENT

THIS POST-CLOSING ESCROW AGREEMENT (this “Agreement”) is entered into as of September __, 2007, by
and among  CMD REALTY
INVESTMENT FUND IV, L.P., an Illinois limited partnership (“Seller”), and BEHRINGER HARVARD AUGUSTA
LP, a Texas limited partnership (“Purchaser”)
and REPUBLIC TITLE OF TEXAS, INC. (“Escrow Agent”).

RECITALS

A.                                   Seller
and Harvard Property Trust, LLC, a Delaware limited liability company, dba
Behringer Harvard Funds (“Original Purchaser”)
entered into that certain Real Estate Sale Agreement dated as of August 15,
2007 regarding certain real property commonly known as “Northpoint Central”, “2603
Augusta” and “Regency Center,” located in Houston, Texas (the “Original Agreement”), as amended by that certain First
Amendment to Real Estate Sale Agreement dated September 5, 2007 (the “First Amendment”), as further amended by that certain Second
Amendment to Real Estate Sale Agreement dated September 6, 2007 (the “Second Amendment”; and together with the Original Agreement
and the First Amendment, collectively, the “Sale Agreement”).  Original Purchaser assigned all of its right,
title and interest in and to the Sale Agreement to Behringer Harvard
Opportunity OP I, LP, a Texas limited partnership (“Behringer”)
which assigned all of its right, title and interest in and to the Sale
Agreement to Purchaser pursuant to that certain Assignment of Real Estate Sale
Agreement by and between Behringer and Purchaser dated to be effective as of
August 15, 2007.  Capitalized terms used
but not otherwise defined herein shall have the meanings ascribed to such terms
in the Sale Agreement.

B.                                   Pursuant
to the Sale Agreement, Seller has agreed that Seller shall establish an escrow
account at the Closing thereunder to serve as security for Seller’s Base Year
Indemnity (as defined in the Second Amendment).

NOW THEREFORE, in consideration of the mutual
covenants and agreements set forth herein, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged,
Seller, Purchaser and Escrow Agent hereby agree as follows:

1.                                       Appointment
of Escrow Agent.  Seller and
Purchaser hereby appoint and designate Escrow Agent as the escrow agent for the
purposes set forth herein, and Escrow Agent hereby accepts such appointment.

2.                                       Deposit
and Investment of Funds.

(a)                                  Upon
the Closing under the Sale Agreement, Seller shall deposit with Escrow Agent
out of the proceeds of closing the cash amount of Fifty Thousand and No/100ths
Dollars ($50,000.00) (the “Base Year Claim Security”)
in an escrow account in the name of Seller (the “Escrow
Account”), to be released from such Escrow Account in accordance
with the terms of this Agreement.

 A-1
 

(b)                                 Escrow
Agent shall invest all cash amounts deposited into the Escrow Account (and all
payments, collections, interest and other proceeds of any such investments) in
money market accounts or such other investments as Seller and Purchaser may
approve in writing.  Escrow Agent shall
have no liability for any loss incurred by reason of any such investments,
except for actions which result from its fraud, negligence or willful
misconduct.  All interest received with
respect to the Base Year Claim Security shall be disbursed by Escrow Agent as
provided in this Agreement.

3.                                       Draws
of Base Year Security.

(a)                                  At
any time after the Closing and after the satisfaction of the procedures set
forth in this Section 3(a) and until the Termination Date,
Purchaser shall be entitled to have funds released from the Escrow Account at
its discretion in amounts up to the full remaining principal amount of the Base
Year Claim Security for the purpose of satisfying the Base Year Claim (as
defined in the Second Amendment) with T.R. Moore (as defined in the Second
Amendment), including reasonable attorneys’ fees.  In order to be entitled to funds from the
Escrow Account, Purchaser shall submit to Escrow Agent and Seller a copy of a
written request to disburse funds to T.R. Moore and a detailed explanation of
the settlement Purchaser reached with T.R. Moore with respect to the Base Year
Claim together with supporting documentation evidencing the basis upon which
such settlement was reached.  Escrow
Agent shall release funds from the Escrow Account in accordance with any such
request upon confirmation of Seller’s receipt of such prior notice and
supporting documentation, provided, however, if Seller does not acknowledge
receipt of such notice and documentation within five (5) business days
following the date Seller receives such notice, then Seller shall be deemed to
have acknowledged such receipt. 
Notwithstanding anything in this Section 3 to the contrary, Seller shall
have no rights of approval with respect to the amount of the Base Year Claim or
any other aspect of the settlement or documentation (except that Seller’s
liability in respect to such claim, attorneys’ fees and any settlement of such
claim is limited to the amount of the Base Year Claim Security), and Escrow
Agent shall release the funds as requested upon Seller’s acknowledgement of
receipt of such notice and supporting documentation or Seller’s deemed receipt
of same.  As used herein, the term “Termination Date” shall mean the earlier of (1) the date
Purchaser and T.R. Moore settle the Base Year Claim, (2) the date the entire
Base Year Claim Security has been paid out of this escrow pursuant to the terms
of this Agreement and (3) August 31, 2009.

(b)                                 Escrow
Agent shall return any remaining portion of the Base Year Claim Security to
Seller upon the Termination Date.

4.                                       Governing Law.  This Agreement shall be governed by and
interpreted in accordance with the laws of the State of Texas.

5.                                       Headings.  The headings used herein are for convenience
only and are not to be used in interpreting this Agreement.

6.                                       Amendments.  This Agreement may only be amended by a
written amendment executed by all the parties hereto.

 A-2
 

7.                                       Further
Assurances.  The parties hereto agree
to execute such other documents and perform such other acts as may be
reasonably necessary or proper and usual to effect this Agreement.

8.                                       Counterparts;
Facsimile/Computer Scanned Image Execution. 
This Agreement may be signed in multiple counterparts which, when signed
by all parties, shall constitute a binding agreement.  Facsimile or computer scanned image
transmissions evidencing the execution of this Agreement shall be acceptable,
with original execution pages to be delivered to each party by mail.

9.                                       Successors
and Assigns.  This Agreement shall be
binding upon and shall inure to the benefit of Seller, Purchaser, Escrow Agent
and their respective personal representatives, heirs, successors and assigns.

10.                                 Attorneys’ Fees.  If any suit is filed to enforce the terms
hereof, the prevailing party shall be entitled to its reasonable attorneys’
fees.

11.                                 Notices.  Any notices or other
communications permitted or required to be given hereunder shall be in writing,
shall be delivered personally, by reputable overnight delivery service, or by
fax (provided a hard copy is delivered on the next Business Day by personal
delivery or reputable overnight delivery service), and shall be addressed to
the respective party as set forth in this Section 11.  All notices and communications shall be
deemed given and effective upon receipt thereof.

	
  To Seller:

  	
   

  	
  CMD Realty Investment Fund IV,
  L.P.

  
	
   

  	
   

  	
  c/o Wind Realty
  Partners

  
	
   

  	
   

  	
  101 North Wacker
  Drive, Suite 2002

  
	
   

  	
   

  	
  Chicago, Illinois 60606

  
	
   

  	
   

  	
  Attn:

  	
  Mr. Joseph Bowar

  
	
   

  	
   

  	
  Phone:

  	
  (312) 525-8224

  
	
   

  	
   

  	
  Fax:

  	
  (312) 525-8018

  
	
   

  	
   

  	
  Email:

  	
  jbowar@windrp.com

  
	
   

  	
   

  	
   

  
	
  with a copy to:

  	
   

  	
  DLA Piper US LLP

  
	
   

  	
   

  	
  203 North
  LaSalle Street

  
	
   

  	
   

  	
  Suite 1900

  
	
   

  	
   

  	
  Chicago,
  Illinois 60601

  
	
   

  	
   

  	
  Attn:

  	
  Randal J. Selig, Esq.

  
	
   

  	
   

  	
  Phone:

  	
  (312) 368-2120

  
	
   

  	
   

  	
  Fax:

  	
  (312) 630-5351

  
	
   

  	
   

  	
  Email:

  	
  randal.selig@dlapiper.com

  

 

 A-3
 

 

	
  with a copy to:

  	
   

  	
  c/o F. H. Prince & Co. Inc.

  
	
   

  	
   

  	
  303 West Madison

  
	
   

  	
   

  	
  Suite 1900

  
	
   

  	
   

  	
  Chicago,
  Illinois 60606

  
	
   

  	
   

  	
  Attn:

  	
  Randall Highley

  
	
   

  	
   

  	
  Phone:

  	
  (312) 419-9500

  
	
   

  	
   

  	
  Fax:

  	
  (312) 419-9502

  
	
   

  	
   

  	
   

  
	
  To Purchaser:

  	
   

  	
  Behringer Harvard

  
	
   

  	
   

  	
  15601 Dallas
  Parkway

  
	
   

  	
   

  	
  Suite 600

  
	
   

  	
   

  	
  Addison, Texas 75001

  
	
   

  	
   

  	
  Attn:

  	
  Joe Jernigan

  
	
   

  	
   

  	
  Phone:

  	
  (866) 655-3600

  
	
   

  	
   

  	
  Fax:

  	
  (866) 655-3610

  
	
   

  	
   

  	
   

  	
   

  
	
  with a copy to:

  	
   

  	
  Powell & Coleman

  
	
   

  	
   

  	
  8080 North
  Central Expressway

  
	
   

  	
   

  	
  Suite 1380

  
	
   

  	
   

  	
  Dallas, TX 75231

  
	
   

  	
   

  	
  Attn:

  	
  Carol Satterfield, Esq.

  
	
   

  	
   

  	
  Phone:

  	
  (469) 341-2423

  
	
   

  	
   

  	
  Fax:

  	
  (214) 373-8768

  
	
   

  	
   

  	
   

  	
   

  
	
  To Escrow Agent:

  	
   

  	
  Republic Title of Texas, Inc.

  
	
   

  	
   

  	
  2626 Howell Street

  
	
   

  	
   

  	
  10th Floor

  
	
   

  	
   

  	
   

  	
  Dallas, Texas 75204

  
	
   

  	
   

  	
  Attn:

  	
  Gwen Behrens

  
	
   

  	
   

  	
  Phone:

  	
  (214) 754-7774

  
	
   

  	
   

  	
  Fax:

  	
  (214) 855-8898

  

 

or to such additional or
other persons, at such other address or addresses as may be designated by
notice from Purchaser or Seller or Escrow Agent, as the case may be, to the
others.  Notices by hand delivery shall
be deemed given and effective upon the delivery thereof.  Notices by overnight courier shall be deemed
given and effective on the first business day following the delivery thereof to
Federal Express, UPS or another recognized overnight courier service (or, in
the case of notices addressed to a party outside the United States, on the
third business day following the delivery thereof to such overnight courier
service).

12.                                 Duties of Escrow
Agent; Indemnification.  Purchaser
and Seller, jointly and severally, hereby agree to protect, defend, indemnify
and hold harmless Escrow Agent from and against any and all liability, claims,
including without limitation demands, losses, damages, actions and causes of
action, and to reimburse expenses, costs and reasonable attorneys’ fees which
Escrow Agent, at any time, may sustain or incur in connection with this
Agreement, excepting claims, demands, losses, damages, actions and causes of
action caused by the fraud, negligence, or willful misconduct of Escrow
Agent.  Escrow Agent may act upon any
instrument 

 A-4
 

or other writing believed
by it in good faith to be genuine and to have been signed or presented by the
proper person and shall not be liable to any party hereto in connection with
the performance of its duties hereunder, except for its own fraud, negligence
or willful misconduct.  Escrow Agent’s
duties shall be determined only with reference to this Post-Closing Escrow
Agreement, the Sale Agreement and applicable laws, and Escrow Agent is not
charged with knowledge of or any duties or responsibilities in connection with
any other document or agreement.  If in
doubt as to its duties and responsibilities hereunder, Escrow Agent may (i)
consult with counsel of its choice and shall be protected in any action taken
or omitted in connection with the written advice or opinion of such counsel; or
(ii) place the matter before any court of competent jurisdiction, transferring
to the court the entire balance of the Base Year Claim Security, whereupon
Escrow Agent shall be relieved of any further obligations hereunder.

[SIGNATURE
PAGES FOLLOW]

 A-5

IN
WITNESS WHEREOF, the parties hereto have executed this Post-Closing Escrow
Agreement effective as of the date first above written.

	
  

  	
   

  	
      PURCHASER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
      BEHRINGER
  HARVARD AUGUSTA LP, a Texas

      limited partnership 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
      By:

  	
   

  	
   

  
	
   

  	
   

  	
      Printed Name:

  	
   

  	
   

  
	
   

  	
   

  	
      Its:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SELLER

  
	
   

  	
   

  	
  CMD REALTY INVESTMENT FUND IV, L.P.,
  an

  Illinois limited partnership

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:   CMD/FUND
  IV GP INVESTMENTS, L.P., an

           Illinois limited
  partnership, its general partner 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
           By:  CMD REIM IV, INC., an Illinois corporation,

                   its
  general partner 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
                   By:

  	
   

  	
   

  
	
   

  	
   

  	
                   Printed
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
                   Its:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  ESCROW AGENT:

  	
           REPUBLIC TITLE OF TEXAS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
           By:

  	
   

  	
   

  
	
   

  	
   

  	
           Name:

  	
   

  	
   

  
	
   

  	
   

  	
           Title:EXHIBIT
10.01

SECOND AMENDED
FORBEARANCE AGREEMENT

This SECOND AMENDED
FORBEARANCE AGREEMENT (this “Second Amended Forbearance
Agreement”), is dated as of September 12, 2007, is entered into
by and among DDJ Total Return Loan Fund, L.P., as the Lender (as defined in the
Loan Agreement referred to below), The Wornick Company, a Delaware corporation
(the “Company”), Right Away
Management Corporation, a Delaware corporation, The Wornick Company Right Away
Division, a Delaware corporation, and The Wornick Company Right Away Division,
L.P., a Delaware limited partnership (each, a “Subsidiary”,
and, collectively, the “Subsidiaries”).

RECITALS:

A.            The Company, the Lender (as assignee
of Texas State Bank) and the Subsidiaries are parties to that certain Loan
Agreement, dated as of June 30, 2004 (as amended by the First Amendment thereto
dated as of March 16, 2007 and as further amended, modified, supplemented or
amended and restated from time to time, the “Loan
Agreement”).

B.            As of the date hereof, the Events of
Default referred to herein as the “Specified Defaults”
have occurred and are continuing.

C.            The Company, the Lender and the
Subsidiaries entered into a Forbearance Agreement dated as of July 16, 2007
(the “Forbearance Agreement”)
pursuant to which the Lender agreed to forbear from exercising its rights and
remedies under the Loan Agreement during the Forbearance Period (as defined in
the Forbearance Agreement).

D.            The Company, the Lender and the
Subsidiaries entered into a First Amended Forbearance Agreement dated as of
August 13, 2007 (the “First Amended Forbearance
Agreement”) pursuant to which the Forbearance Period was
extended through September 12, 2007.

E.             The Forbearance Period (as defined
in the First Amended Forbearance Agreement) under the First Amended Forbearance
Agreement will expire on September 13, 2007 and the Company and Subsidiaries
have asked the Lender to further extend the Forbearance Period through October
14, 2007;

F.             The Company and the Subsidiaries
entered into a forbearance agreement with certain holders (the “Noteholders”) of the Company’s
10.875% Senior Secured Notes due 2011 (the “Notes”)
holding not less than $100 million in aggregate principal amount of the Notes,
representing not less than 80% of the aggregate principal amount of the Notes
outstanding on July 16, 2007 (the “Noteholder Forbearance
Agreement”) pursuant to which the Noteholders agreed to forbear
from exercising their rights and remedies under the Indenture until the
expiration of the Forbearance Period (as defined in the Noteholder Forbearance
Agreement) on August 15, 2007. On August 13, 2007, the Company and the
Subsidiaries entered into a First Amended and Restated Forbearance Agreement
with the Noteholders (the “Amended Noteholder
Forbearance Agreement”) pursuant to which the Forbearance Period
was further extended through September 16, 2007.

 1
 

 

G.            The Company and the Subsidiaries
have advised the Lender that the Company, the Subsidiaries and the Noteholders
will, simultaneously with the execution of this Second Amended Forbearance
Agreement, amend and restate the Amended Noteholder Forbearance Agreement
pursuant to which the Noteholders shall agree to forbear from exercising the
rights and remedies available to the Noteholders under the Indenture, the
Intercreditor Agreement and the Collateral Agreements (as defined in the
Indenture) until October 17, 2007, all on the terms and conditions set forth in
such amended and restated forbearance agreement (as such agreement may be
amended, modified, supplemented or amended and restated from time to time, the “Second Amended Noteholder Forbearance Agreement”).

NOW, THEREFORE, in
consideration of the premises and the respective representations, warranties,
covenants and agreements set forth in this Second Amended Forbearance
Agreement, and intending to be legally bound, the parties hereto agree as
follows:

ARTICLE I

DEFINITIONS

1.1          Defined
Terms.

(a)           Capitalized
terms that are defined in this Second Amended Forbearance Agreement shall have
the meanings ascribed to such terms in this Second Amended Forbearance
Agreement. All other capitalized terms shall have the meanings ascribed in the
Loan Agreement. Unless the context of this Second Amended Forbearance Agreement
clearly requires otherwise, references to the plural include the singular;
references to the singular include the plural; the words “include,” “includes,”
and “including” will be deemed to be followed by “without limitation”; and the
term “or” has, except where otherwise indicated, the inclusive meaning
represented by the phrase “and/or”.

(b)           This Second
Amended Forbearance Agreement constitutes a “Loan Document” as defined in the
Loan Agreement.

(c)           References in
this Second Amended Forbearance Agreement to the Lender shall constitute
references to DDJ Total Return Loan Fund, L.P. solely in its capacity as the
Lender.

ARTICLE II

FORBEARANCE AND AMENDMENT TO LOAN AGREEMENT

2.1          Forbearance;
Forbearance Default Rights and Remedies.

(a)           Effective as
of the Second Amended Forbearance Effective Date (as defined below), the Lender
agrees that until the expiration of the “Forbearance Period” (as defined
below), it will forbear from exercising its rights and remedies against the
Company or the Subsidiaries under the Loan Agreement, the other Loan Documents
and/or applicable law solely with respect to the Specified Defaults and any
Event of Default resulting solely from the Company’s failure to make the
scheduled interest payment due under the Notes on July 15, 2007 (excluding,
however, in each case, its right to charge interest on any Obligations during
the Forbearance Period at the default interest rate specified in the Revolving
Note and the Term 

 2
 

 

Note); provided, however, (i) each of the Company and the
Subsidiaries shall comply, except to the extent such compliance is expressly
excused by the terms of this Second Amended Forbearance Agreement, with all
explicit restrictions or prohibitions triggered by the existence and/or
continuance of any Event of Default under the Loan Agreement, this Second
Amended Forbearance Agreement or any of the other Loan Documents, (ii) nothing
herein shall restrict, impair or otherwise affect the Lender’s rights and
remedies under any agreements containing subordination provisions in favor of
the Lender (including, without limitation, any rights or remedies available to
the Lender as a result of the occurrence or continuation of the Specified
Defaults or any Event of Default resulting from the Company’s failure to make
the scheduled interest payment due under the Notes on July 15, 2007), and (iii)
nothing herein shall restrict, impair or otherwise affect the exercise of the
Lender’s rights under this Second Amended Forbearance Agreement. As used
herein, the term “Specified
Defaults” shall mean the Events of Default listed on Annex I
hereto. During the Forbearance Period, any condition to the making of an
Advance under the Loan Agreement that would not be met solely because of the
occurrence and continuance of any Specified Default or any Event of Default
resulting solely from the Company’s failure to make the scheduled interest
payment due under the Notes on July 15, 2007 is hereby waived.

(b)           As used
herein, the term “Forbearance
Period” shall mean the period beginning on the Second Amended
Forbearance Effective Date (as defined below) and ending upon the occurrence of
a Termination Event. As used herein, “Termination
Event” shall mean the earlier to occur of (i) the delivery by
the Lender to the Company, the counsel to the Noteholder Group (as defined in
the Second Amended Noteholder Forbearance Agreement) and the Trustee (as
defined in the Intercreditor Agreement) of a written notice terminating the
Forbearance Period, which notice may be delivered at any time upon or after the
occurrence of any Forbearance Default (as defined below), and (ii) October 15,
2007. As used herein, the term “Forbearance
Default” shall mean: (A) the occurrence of any Event of Default
that is not (i) a Specified Default or (ii) an Event of Default resulting
solely from the Company’s failure to make the scheduled interest payment due
under the Notes on July 15, 2007, (B) the delivery of any written notice by the
Noteholders to the Company terminating the Second Amended Noteholder
Forbearance Agreement, and/or the Forbearance Period (as defined in the Second
Amended Noteholder Forbearance Agreement) as a result of the occurrence and
continuation of any Forbearance Default (as defined in the Second Amended
Noteholder Forbearance Agreement) or any other termination of the Second
Amended Noteholder Forbearance Agreement, (C) the delivery of any Indenture
Payment Notice (as defined in Section 2.4 below) to the Lender, (D) the failure
of the Company or any Subsidiary to comply with any term, condition, covenant
or agreement set forth in this Second Amended Forbearance Agreement, (E) the
failure of any representation or warranty made by the Company or any Subsidiary
under this Second Amended Forbearance Agreement to be true and correct in all
material respects as of the date when made, (F) the failure
of the Company promptly to notify the Lender of any amendment or modification
to the Second Amended Noteholder Forbearance Agreement; (G) the execution
of any amendment or modification to the Second Amended Noteholder Forbearance
Agreement, which amendment or modification has a material adverse effect on the
Lender, as determined by the Lender in its discretion, (H) any
occurrence, event or change in facts or circumstances occurring on or after the
Second Amended Forbearance Effective Date that would result in a Material
Adverse Change, (I) the occurrence of any violation or breach of, or other
failure to observe, perform or comply with, the terms of the Intercreditor
Agreement by the Trustee, or (J) the 

 3
 

 

commencement by or against the Company or any
Subsidiary of a proceeding under any Debtor Relief Laws. Any Forbearance
Default shall constitute an immediate Event of Default under the Loan
Agreement.

(c)           Upon
the occurrence of a Termination Event, the agreement of the Lender hereunder to
forbear from exercising its rights and remedies in respect of the Specified
Defaults and any Event of Default resulting solely from the Company’s failure
to make the scheduled interest payment due under the Notes on July 15, 2007
shall immediately terminate without the requirement of any demand, presentment,
protest, or notice of any kind, all of which each of the Company and the
Subsidiaries hereby waives. The Company and the Subsidiaries agree that the
Lender may at any time after the occurrence of a Termination Event proceed to
exercise any or all of its rights and remedies under the Loan Agreement, any
other Loan Document, the Intercreditor Agreement and/or applicable law,
including, without limitation, its rights and remedies on account of the
Specified Defaults and any other Events of Default that may then exist. Without
limiting the generality of the foregoing, upon the occurrence of a Termination
Event, the Lender may, upon such notice or demand as is specified by the Loan
Agreement, any other Loan Documents, the Intercreditor Agreement or applicable
law, (i) collect and/or commence any legal or other action to collect any or
all of the Obligations from the Company and the Subsidiaries, (ii) foreclose or
otherwise realize on any or all of the Collateral, and/or appropriate, setoff
or apply to the payment of any or all of the Obligations, any or all of the
Collateral or proceeds thereof, and (iii) take any other enforcement action or
otherwise exercise any or all rights and remedies provided for by or under the
Loan Agreement, any other Loan Documents, the Intercreditor Agreement and/or
applicable law, all of which rights and remedies are fully reserved by the
Lender.

(d)           Any
agreement by the Lender to extend the Forbearance Period or enter into any
other forbearance or similar arrangement must be set forth in writing and
signed by a duly authorized signatory of the Lender. The Company and each of
the Subsidiaries acknowledges that the Lender has made no assurances whatsoever
concerning any possibility of any extension of the Forbearance Period, any
other forbearance or similar arrangement or any other limitations on the
exercise of its rights, remedies and privileges under or otherwise in
connection with the Loan Agreement, the other Loan Documents, the Intercreditor
Agreement and/or applicable law.

(e)           The
Company and each of the Subsidiaries acknowledges and agrees that any
forbearance, waiver, consent or other financial accommodation (including the
funding of any borrowing request under the Revolving Loan) which the Lender may
make on or after the date hereof has been made by the Lender in reliance upon,
and is consideration for, among other things, the general releases and
reaffirmation of indemnities contained in Article 4 hereof and the other
covenants, agreements, representations and warranties of the Company and each
of the Subsidiaries hereunder.

2.2          Amendment
to Section 8.02. Section 8.02 of the Loan Agreement is
hereby amended and restated in its entirety to read as follows:

“Borrower will not permit the aggregate rentals payable under all
non-cancelable operating leases entered into after Closing to which Borrower or
Subsidiary is a party to exceed (a) $500,000 during any fiscal year ending with
fiscal year 2006, (b) $1,250,000 during the fiscal 

 4
 

 

year 2007, and (c) $1,500,000 thereafter. Without the prior written
consent of the Lender in its sole discretion, no such operating lease entered
into after May 1, 2007 and having a term greater than one year shall contain any
restriction on the Borrower’s or applicable Subsidiary’s right to grant a lien
to the Lender on such Person’s leasehold interest in the subject property, and
the lessor in respect of each such lease shall have agreed to provide upon
request a collateral access agreement substantially in the form provided by the
Lender with such modifications therein as shall be reasonably acceptable to the
Lender. Lender acknowledges and consents to the Leases pledged to Lender
by Leasehold Deed of Trust to secure the Obligations and the other existing
leases on other real property disclosed to Lender. Borrower agrees not to amend
the Leases in any material respect without the prior written consent of the
Lender. At Lender’s request, Borrower and its Subsidiaries will grant Lender
first liens on the leasehold interest in all real property leases to the extent
Borrower and its Subsidiaries are permitted to grant liens on their leasehold
interest under such leases.”

2.3          Modification of
Certain Reporting Requirements. The Lender may in its sole discretion from time to time
instruct the Company not to deliver to the Lender the cash budgets contemplated
in Section 7.11 of the Loan Agreement or the written reports contemplated in
Section 7.21 of the Loan Agreement. The Company shall comply with any such
instruction received from the Lender until such time as instructed to the
contrary by the Lender. The Company’s compliance with this Section 2.3 shall
constitute compliance with Sections 7.11 and 7.21 of the Loan Agreement and the
Company’s failure to comply with this Section 2.3 shall constitute an Event of
Default.

2.4          Indenture Payments. The
Company and the Subsidiaries hereby covenant and agree to give to the Lender at
least five (5) Business Days’ prior written notice of its or their intention to
make any interest payment in respect of the Notes (each such notice, an “Indenture Payment Notice”).
For the avoidance of doubt, the requirement to give any such Indenture Payment
Notice shall be in addition to, and not in lieu of, the requirements set forth
in Section 7.21 of the Loan Agreement.

2.5          Effectiveness.
This Second Amended Forbearance Agreement shall become effective as of the
first date (the “Second
Amended Forbearance Effective Date”) on which each of the
following conditions is satisfied and evidence of its satisfaction has been
delivered to counsel to the Lender:

(a)           there
shall have been delivered to the Lender in accordance with Section 6.5 herein,
counterparts of this Second Amended Forbearance Agreement executed by each of
the Lender, the Company and each of the Subsidiaries;

(b)           the
Lender shall have received the Second Amended Noteholder Forbearance Agreement,
duly executed and delivered by each of the Company, the Subsidiaries, the
Trustee and the Noteholders, having a Forbearance Period (as defined therein)
(subject to earlier termination upon the occurrence and continuation of a
Forbearance Default, as defined therein) through and including a date that is
no earlier than October 16, 2007, and such Second Amended Noteholder
Forbearance Agreement shall otherwise be satisfactory in form and substance to
the Lender; and

 5
 

 

(c)           the
Lender shall have received all accrued and unpaid costs and expenses (including
legal fees and expenses) required to be paid pursuant hereto or the Loan
Agreement on or prior to the Second Amended Forbearance Effective Date.

ARTICLE III

REPRESENTATIONS, WARRANTIES AND COVENANTS

3.1          Representations, Warranties and
Covenants of the Company and the Subsidiaries. To
induce the Lender to enter into this Second Amended Forbearance Agreement, each
of the Company and the Subsidiaries hereby represents, warrants and covenants
to the Lender as follows:

(a)           The
representations and warranties of each of the Company and the Subsidiaries in
the Loan Documents are on the date of execution and delivery of this Second
Amended Forbearance Agreement, and will be on the Second Amended Forbearance
Effective Date, true, correct and complete in all material respects with the
same effect as though made on and as of such respective date (or, to the extent
such representations and warranties expressly relate to an earlier date, on and
as of such earlier date), except to the extent of any inaccuracy resulting
solely from the Specified Defaults.

(b)           Except
for the Specified Defaults or as otherwise expressly provided herein, the
Company and each of the Subsidiaries is in compliance with all of the terms and
provisions set forth in the Loan Agreement and the other Loan Documents on its
part to be observed or performed, and no Event of Default has occurred and is
continuing.

(c)           The
execution, delivery and performance by each of the Company and the Subsidiaries
of this Second Amended Forbearance Agreement:

(i)            are
within its corporate or limited partnership powers, as applicable;

(ii)           have
been duly authorized by all necessary corporate or limited partnership action,
as applicable, including the consent of the holders of its equity interests
where required;

(iii)          do
not and will not (A) contravene its certificate of incorporation or by-laws or
limited partnership or other constituent documents, as applicable, (B) violate
any applicable requirement of law or any order or decree of any governmental
authority or arbitrator applicable to it, (C) conflict with or result in the
breach of, or constitute a default under, or result in or permit the
termination or acceleration of, any contractual obligation of the Company or
any of the Subsidiaries, or (D) result in the creation or imposition of any
lien or encumbrance upon any of the property of the Company or any of the
Subsidiaries; and

(iv)          do
not and will not require the consent of, authorization by, approval of, notice
to, or filing or registration with, any governmental authority or any other
Person, other than those which prior to the Second Amended Forbearance
Effective Date will have been obtained or made and copies of which prior to the
Second Amended 

 6
 

 

Forbearance Effective Date will have been delivered to the Lender and
each of which on the Second Amended Forbearance Effective Date will be in full
force and effect.

(d)           This
Second Amended Forbearance Agreement has been duly executed and delivered by
the Company and each of the Subsidiaries. Each of this Second Amended
Forbearance Agreement, the Loan Agreement and the other Loan Documents
constitutes the legal, valid and binding obligation of the Company and the
Subsidiaries, enforceable against each such Person in accordance with its
terms, except as may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws relating to or limiting creditors’ rights
generally or by equitable principles relating to enforceability.

(e)           Within five (5) Business Days after the
Second Amended Forbearance Effective Date, the Company shall file this Second
Amended Forbearance Agreement and the Second Amended Noteholder Forbearance
Agreement with the United States Securities and Exchange Commission as an
exhibit to a filing by the Company on Form 8-K pursuant to the Securities and
Exchange Act of 1934, as amended, which 8-K filing and any accompanying press
release shall be in form and substance reasonably satisfactory to the Lender.

(f)            The Company and the Subsidiaries shall immediately
notify the Lender upon its or their becoming aware of (i) an Event of Default
under the Loan Agreement or an Event of Default (as defined in the Indenture)
under the Indenture that is not a Specified Default or an Event of Default
resulting solely from the Company’s failure to make the scheduled interest
payment due under the Notes on July 15, 2007 or (ii) the occurrence of a
Forbearance Default (as defined in the Second Amended Noteholder Forbearance
Agreement).

3.2          Survival. The
representations and warranties in Section 3.1 shall survive the execution and
delivery of this Second Amended Forbearance Agreement and the Second Amended
Forbearance Effective Date.

ARTICLE IV

GENERAL RELEASE; REAFFIRMATION OF INDEMNITY

(a)           In
consideration of, among other things, the Lender’s execution and delivery of
this Second Amended Forbearance Agreement, each of the Company and the
Subsidiaries, on behalf of itself and its successors and assigns (collectively,
“Releasors”),
hereby forever agrees and covenants not to sue or prosecute against any
Releasee (as defined below) and hereby forever waives, releases and discharges
to the fullest extent permitted by law, each Releasee from, any and all claims
(including, without limitation, crossclaims, counterclaims, rights of set-off
and recoupment), actions, causes of action, suits, debts, accounts, interests,
liens, promises, warranties, damages and consequential and punitive damages,
demands, agreements, bonds, bills, specialties, covenants, controversies,
variances, trespasses, judgments, executions, costs, expenses or claims
whatsoever (collectively, the “Claims”),
that such Releasor now has or hereafter may have, of whatsoever nature and
kind, whether known or unknown, whether now existing or hereafter arising,
whether arising at law or in equity, against the Lender in any capacity and its
affiliates, shareholders, participants and “controlling persons” (within the
meaning of the federal securities laws), and their respective successors and
assigns and each and all of the officers, directors, employees, agents,
attorneys, advisors, auditors, consultants and other representatives of each of
the foregoing (collectively, the “Releasees”),
based in whole or 

 7
 

 

in part on facts whether or not now known,
existing on or before the Second Amended Forbearance Effective Date, that
relate to, arise out of or otherwise are in connection with (i) any aspect of
the business, operations, assets, properties, affairs or any other aspect of
any of the Company or the Subsidiaries, (ii) any aspect of the dealings or
relationships between or among the Company, the Subsidiaries and their respective
affiliates, on the one hand, and the Lender, on the other hand, or (iii) any or
all of the Loan Agreement or the other Loan Documents, or any transactions
contemplated thereby or any acts or omissions in connection therewith; provided,
however, that the foregoing shall not release the Lender from its
express obligations under this Second Amended Forbearance Agreement, the Loan
Agreement and the other Loan Documents. The receipt by the Company of any of
the Revolving Loan or other financial accommodations made by the Lender on or
after the date hereof shall constitute a ratification, adoption, and
confirmation by the Company and the Subsidiaries of the foregoing general
release of all Claims against the Releasees which are based in whole or in part
on facts, whether or not now known or unknown, existing on or prior to the date
of receipt of any of the Revolving Loan or other financial accommodations. In
entering into this Second Amended Forbearance Agreement, each of the Company
and the Subsidiaries consulted with, and has been represented by, legal counsel
and expressly disclaims any reliance on any representations, acts or omissions
by any of the Releasees and each hereby agrees and acknowledges that the
validity and effectiveness of the releases set forth herein do not depend in
any way on any such representations, acts and/or omissions or the accuracy,
completeness or validity hereof. The provisions of this Article 4(a) shall
survive the expiration of the Forbearance Period and the termination of this Second
Amended Forbearance Agreement, the Loan Agreement, the other Loan Documents and
payment in full of the Obligations.

(b)           Without
in any way limiting their reaffirmations and acknowledgements set forth in
Article 5 hereof, each of the Company and the Subsidiaries hereby expressly
acknowledges, agrees and reaffirms its indemnification and other obligations to
and agreements with the Indemnified Parties set forth in Article 13 of the Loan
Agreement. Each of the Company and the Subsidiaries further acknowledges,
agrees and reaffirms that all of such indemnification and other obligations and
agreements set forth in Article 13 of the Loan Agreement shall survive the
expiration of the Forbearance Period and the termination of this Second Amended
Forbearance Agreement, the Loan Agreement, the other Loan Documents and the
payment in full of the Obligations.

ARTICLE V

RATIFICATION OF LIABILITY

Each of the Company and
the Subsidiaries hereby ratifies and reaffirms all of its payment and
performance obligations and obligations to indemnify, contingent or otherwise,
under each of such Loan Documents to which it is a party, and hereby ratifies
and reaffirms its grant of liens on or security interests in its properties
pursuant to such Loan Documents to which it is a party as security for the
Obligations, and confirms and agrees that such liens and security interests
hereafter secure all of the Obligations, including, without limitation, all
additional Obligations hereafter arising or incurred pursuant to or in connection
with this Second Amended Forbearance Agreement, the Loan Agreement or any other
Loan Document.

 8
 

 

ARTICLE VI

MISCELLANEOUS

6.1          No Other Amendments; Reservation of
Rights; No Waiver. Other than as otherwise expressly
provided herein, this Second Amended Forbearance Agreement shall not be deemed
to operate as an amendment or waiver of, or to prejudice, any right, power,
privilege or remedy of the Lender under the Loan Agreement, any other Loan
Document or applicable law, nor shall the entering into this Second Amended
Forbearance Agreement preclude the Lender from refusing to enter into any
further amendments or forbearances with respect to the Loan Agreement or any
other Loan Document. Other than as otherwise expressly provided herein, this
Second Amended Forbearance Agreement shall not constitute a forbearance with
respect to (i) any failure by the Company or any of the Subsidiaries to comply
with any covenant or other provision in the Loan Agreement or any other Loan
Document or (ii) the occurrence or continuance of any present or future Event
of Default.

6.2          Ratification and Confirmation;
Survival. Except as expressly set forth in this Second
Amended Forbearance Agreement, the terms, provisions and conditions of the Loan
Agreement and the other Loan Documents are hereby ratified and confirmed and
shall remain unchanged and in full force and effect without interruption or
impairment of any kind. Notwithstanding anything to the contrary herein,
Sections 2.2 and 2.3 shall survive the termination of this Second Amended
Forbearance Agreement.

6.3          Governing Law.
This Second Amended Forbearance Agreement will be governed by and construed in
accordance with the laws of the State of New York, without regard to conflict
of laws principles thereof.

6.4          Headings. The
article and section headings contained in this Second Amended Forbearance
Agreement are inserted for convenience only and will not affect in any way the
meaning or interpretation of this Second Amended Forbearance Agreement.

6.5          Counterparts.
This Second Amended Forbearance Agreement may be executed in two or more
counterparts, each of which will be deemed an original but all of which, when
taken together, will constitute one and the same instrument. This Second
Amended Forbearance Agreement may be delivered by exchange of copies of the
signature page by facsimile transmission or electronic mail.

6.6          Severability.
The provisions of this Second Amended Forbearance Agreement will be deemed
severable and the invalidity or unenforceability of any provision will not
affect the validity or enforceability of the other provisions hereof; provided
that if any provision of this Second Amended Forbearance Agreement, as applied
to any party or to any circumstance, is judicially determined not to be
enforceable in accordance with its terms, the parties agree that the court
judicially making such determination may modify the provision in a manner
consistent with its objectives such that it is enforceable, and/or to delete
specific words or phrases, and in its modified form, such provision will then
be enforceable and will be enforced.

 9
 

 

6.7          Agreement. This
Second Amended Forbearance Agreement may not be amended or modified except in
the manner specified for an amendment of or modification to the Loan Agreement
in Section 12.10 of the Loan Agreement.

6.8          Costs; Expenses.
Each of the Company and the Subsidiaries hereby agrees to pay to DDJ Total
Return Loan Fund, L.P., DDJ Capital Management, LLC and their respective
affiliates on demand all costs and expenses (including the fees and expenses of
legal counsel) of such Person incurred in connection with the Company and the
Subsidiaries. The provisions of this Section 6.8 shall survive the termination
of this Second Amended Forbearance Agreement provided, however,
that the Obligations under this Section 6.8 shall terminate upon the payment in
full of the Obligations and the termination of the Loan Agreement.

6.9          Assignment; Binding Effect.
Neither the Company nor any Subsidiary may assign either this Second Amended
Forbearance Agreement or any of its rights, interests or obligations hereunder.
All of the terms, agreements, covenants, representations, warranties and
conditions of this Second Amended Forbearance Agreement are binding upon, and
inure to the benefit of and are enforceable by, the parties and their
respective successors and permitted assigns.

6.10        Amended Agreement.
The parties hereto hereby acknowledge and agree that the First Amended
Forbearance Agreement, dated as of August 13, 2007, by and among the Lender,
the Company and the Subsidiaries is amended and restated by this Second Amended
Forbearance Agreement.

6.11        Entire Agreement.
This Second Amended Forbearance Agreement, the Loan Agreement, the other Loan
Documents and the Intercreditor Agreement, together with any and all Annexes,
Exhibits and Schedules thereto that are or have been delivered pursuant
thereto, constitute the entire agreement and understanding of the parties in
respect of the subject matter of the Loan Agreement and supersede all prior
understandings, agreements or representations by or among the parties, written
or oral, to the extent they relate in any way with respect thereto.

[SIGNATURE
PAGE FOLLOWS]

 10

 

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

	
  

  	
  COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
  THE WORNICK COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Jon Geisler

  
	
   

  	
   

  	
  Name: 

  	
  Jon Geisler

  
	
   

  	
   

  	
  Title: 

  	
  President and
  CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
  SUBSIDIARIES

  
	
   

  	
   

  	
   

  
	
   

  	
  THE WORNICK
  COMPANY RIGHT AWAY 

  DIVISION, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Jon Geisler

  
	
   

  	
   

  	
  Name: 

  	
  Jon Geisler

  
	
   

  	
   

  	
  Title: 

  	
  President and
  CEO

  
	
   

  	
   

  	
   

  
	
   

  	
  RIGHT AWAY
  MANAGEMENT CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Jon Geisler

  
	
   

  	
   

  	
  Name: 

  	
  Jon Geisler

  
	
   

  	
   

  	
  Title: 

  	
  President and
  CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  THE WORNICK
  COMPANY RIGHT AWAY 

  DIVISION

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Jon Geisler

  
	
   

  	
   

  	
  Name: 

  	
  Jon Geisler

  
	
   

  	
   

  	
  Title: 

  	
  President and
  CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  

  	
  LENDER

  
	
   

  	
   

  	
   

  
	
   

  	
  DDJ TOTAL RETURN
  LOAN FUND, L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  GP Total Return,
  LP, its General Partner 

  
	
   

  	
  By: 

  	
  GP Total Return,
  LLC, its General Partner

  
	
   

  	
  By: 

  	
  DDJ Capital
  Management, LLC, Manager

  
	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ David J.
  Breazzano

  
	
   

  	
   

  	
  Name: 

  	
  David J.
  Breazzano

  
	
   

  	
   

  	
  Title: 

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 11
 

 

ANNEX I

SPECIFIED DEFAULTS

The Events of Default:

1.                                       under
Section 10.01(a) as a result of (i) the failure to make the interest payment
under the Loan Agreement due on March 31, 2007 until April 20, 2007 and (ii)
the failure to make the interest payment under the Loan Agreement due on April
30, 2007 until May 2, 2007.

2.                                       under
Section 10.01(a) as a result of the failure to make the Annual Commitment Fee
payment under the Loan Agreement due on June 30, 2007 until August 7, 2007.

3.                                       under
Section 10.01(b) as a result of a breach of Section 7.12 resulting solely from
the failure to make payments under or perform covenants and agreements in
material Contracts with trade creditors or vendors occurring at any time prior
to or during the Forbearance Period.

4.                                       under
Section 10.01(c) based solely upon the inaccuracy of any representation and
warranty in Section 6.03 with respect to any financial statements delivered
prior to July 16, 2007 resulting solely from the failure to characterize
amounts owed under the Notes as current liabilities.

5.                                       under
Section 10.01(c) based solely upon the inaccuracy of any representation and
warranty in any Draw Request resulting solely from the occurrence of any of the
other Specified Defaults.

6.                                       under
Section 10.01(j) arising from the default occurring under the Indenture that
either (i) is specified in the notice to the Company from U.S. Bank National
Association, as trustee, dated April 18, 2007 pertaining to requirements to
deliver certain annual financial statements and an opinion of counsel or (ii)
is a default or an Event of Default (as defined in the Indenture) under Section
6.1(3) of the Indenture resulting from (A) breaches of Sections 4.4(a) (such
breach consisting of the failure to deliver the compliance certificate
specified therein in respect of the Company’s fiscal year ended December 31,
2006) and, in respect of the Company’s fiscal years ended December 31, 2004 and
December 31, 2005, 4.22 of the Indenture and (B) the Company’s failure to
deliver certain quarterly financial statements for the fiscal quarters ended
March 31, 2007 and June 30, 2007.

7.                                       under
Section 10.01(l) based on the failure to maintain in effect Government
Contracts on MREs representing at least 20% of the total case volume of all
outstanding MREs Government Contracts.

8.                                       under
Section 10.01(r) based solely upon the occurrence of any of the other Specified
Defaults.

9.                                       under
Section 10.01(b) or (c) based solely upon the occurrence of the other Specified
Defaults.

 

 12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]