SEC Contract Filing

Filing Date: 2017-10-04

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a17-22822_1ex10d1.htm
<DESCRIPTION>EX-10.1
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.1<a name="Exhibit10_1_100324"></a></font></b></p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">LIMITED WAIVER AND SIXTH AMENDMENT TO CREDIT AGREEMENT</font></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIS LIMITED WAIVER AND SIXTH AMENDMENT TO CREDIT AGREEMENT</font></b> (this &#147;<u>Amendment</u>&#148;), dated as of September&nbsp;29, 2017, is by and among <b>INVENTURE FOODS,&nbsp;INC.</b>, a Delaware corporation (the &#147;<u>Parent Borrower</u>&#148;), the Subsidiaries of the Parent Borrower identified on the signature pages&nbsp;hereof (such Subsidiaries, together with the Parent Borrower, are referred to herein each individually as a &#147;<u>Borrower</u>&#148; and individually and collectively, jointly and severally, as &#147;<u>Borrowers</u>&#148;), the lenders from time to time party to the Credit Agreement defined below (the &#147;<u>Lenders</u>&#148;) and <b>BSP AGENCY, LLC</b>, a Delaware limited liability company, in its capacity as agent for each member of the Lender Group (in such capacity, together with its successors and assigns in such capacity, the &#147;<u>Agent</u>&#148;).&#160; Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement.</p>
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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">W I T N E S S E T H</font></b></p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, the Borrowers, the Lenders and the Agent are parties to that certain Credit Agreement dated as of November&nbsp;18, 2015 (as amended by that certain First Amendment to Credit Agreement dated as of March&nbsp;9, 2016, as amended by that certain Second Amendment to Credit Agreement dated as of September&nbsp;27, 2016, as amended by that certain Limited Waiver and Third Amendment to Credit Agreement dated as of May&nbsp;10, 2017, as amended by that certain Limited Waiver and Fourth Amendment to Credit Agreement dated as of July&nbsp;21, 2017, as amended by that certain Limited Waiver and Fifth Amendment dated as of August&nbsp;31, 2017 and as may be further amended, modified, extended, restated, replaced, or supplemented from time to time, the &#147;<u>Credit Agreement</u>&#148;);</p>
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<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WHEREAS</font></b>, certain Events of Default have occurred, are continuing or will result under the Credit Agreement as a result of: (a)&nbsp;the Parent Borrower&#146;s and the other Loan Parties&#146; failure to comply with the financial statement covenant contained in Section&nbsp;5.1 of the Credit Agreement because of a &#147;going concern&#148; qualification to the certification by the Parent Borrower&#146;s auditor of the audited financial statements of the Parent Borrower and its Subsidiaries for the fiscal year ended December&nbsp;31, 2016, which constitutes an Event of Default under Section&nbsp;8.2(a)&nbsp;of the Credit Agreement (the &#147;<u>2016 Audit Covenant Event of Default</u>&#148;), (b)&nbsp;the Parent Borrower&#146;s and the other Loan Parties&#146; failure to comply with the financial covenant contained in Section&nbsp;7.3 of the Credit Agreement for the fiscal month ended April&nbsp;30, 2017, which constitutes an Event of Default under Section&nbsp;8.2(a)&nbsp;of the Credit Agreement (the &#147;<u>April&nbsp;EBITDA Event of Default</u>&#148;), (c)&nbsp;the Parent Borrower&#146;s and the other Loan Parties&#146; failure to comply with the financial covenant contained in Section&nbsp;7.3 of the Credit Agreement for the fiscal month ended June&nbsp;30, 2017, which constitutes an Event of Default under Section&nbsp;8.2(a)&nbsp;of the Credit Agreement (the &#147;<u>June&nbsp;EBITDA Event of Default</u>&#148;), (d)&nbsp;the Parent Borrower&#146;s and the other Loan Parties&#146; failure to comply with the financial covenant contained in Section&nbsp;7.3 of the Credit Agreement for the fiscal month ended July&nbsp;31, 2017, which constitutes an Event of Default under Section&nbsp;8.2(a)&nbsp;of the Credit Agreement (the &#147;<u>July&nbsp;EBITDA Event of Default</u>&#148;), (e)&nbsp;the Parent Borrower&#146;s and the other Loan Parties&#146; failure to comply with the financial covenant contained in Section&nbsp;7.3 of the Credit Agreement for the fiscal month ended August&nbsp;31, 2017, which constitutes an Event of Default under Section&nbsp;8.2(a)&nbsp;of the Credit Agreement (the &#147;<u>August&nbsp;EBITDA Event of Default</u>&#148; and collectively with the 2016 Audit Covenant Event of