REAFFIRMATION OF AMENDED AND RESTATED SECURITY AGREEMENT
Exhibit 10.26
REAFFIRMATION
OF
AMENDED AND RESTATED SECURITY AGREEMENT
In order to induce Bank of America, N.A. (the “Bank”) to enter into that certain Second Amended and Restated Loan Agreement between the Bank and ANNIE’S, INC., a Delaware corporation, formerly known as Homegrown Naturals, Inc., which is qualified to do business in the State of California as Homegrown Naturals, ANNIE’S ENTERPRISES, INC., a Vermont corporation, ANNIE’S HOMEGROWN, INC., a Delaware corporation, and NAPA VALLEY KITCHENS, a California corporation (individually and collectively, the “Borrower”) dated as of December 21, 2011 (the “Agreement”), each of the undersigned (i) agrees that nothing contained in the Agreement shall diminish, alter, amend or effect the obligations of the undersigned under that certain Amended and Restated Security Agreement, dated August 25, 2010 (the “Security Agreement”) granting to the Bank a security interest in certain assets of the Borrower to secure all Indebtedness (as defined in the Security Agreement), or the Bank’s security interest in certain Collateral (as defined in the Security Agreement); (ii) agrees that the Security Agreement and the Bank’s security interest in such Collateral secures the Borrower’s obligations under the Agreement; and (iii) confirms that the Security Agreement and the security interest in such Collateral remains in full force and effect and reaffirms the same.
[SIGNATURE PAGES FOLLOW]
IN WITNESS WHEREOF, the undersigned have executed this Reaffirmation of Amended and Restated Security Agreement effective as of the date first set forth above.
| BANK OF AMERICA, N.A. | ||||
| By: | /s/ Thomas K. McComas | |||
| Name: | Thomas K. McComas | |||
| Title: | Senior Vice President | |||
| Farmington-Notice Desk | ||||
| CT2-515-BB-03 | ||||
| 70 Batterson Park Road | ||||
| Farmington, CT 06032 | ||||
| Borrower’s Location and address for notices | ANNIES, INC., a Delaware corporation | |
| (principal residence, if the Borrower is an individual; | ||
| chief executive office, if the Borrower is not an |
individual):
| ANNIE’S, INC. | By: | /s/ Kelly J. Kennedy | ||||
| 1610 Fifth Street | Name: | Kelly J. Kennedy | ||||
| Berkeley, CA 94710 | Title: | Chief Financial Officer and Treasurer | ||||
| Borrower’s state of incorporation or organization | ||||||
| (if Borrower is a corporation, partnership, limited | ||||||
| liability company or other registered entity): | ||||||
| Delaware | ||||||
| Borrower’s Location and address for notices (principal residence, if the Borrower is an individual; chief executive office, if the Borrower is not an individual): | ANNIE’S ENTERPRISES, INC., a Vermont corporation | |||||||
| ANNIE’S ENTERPRISES, INC. c/o ANNIE’S, INC. | ||||||||
| 1610 Fifth Street | By: | /s/ Kelly J. Kennedy | ||||||
| Berkeley, CA 94710 | Name: | Kelly J. Kennedy | ||||||
| Title: | Treasurer | |||||||
| Borrower’s state of incorporation or organization (if Borrower is a corporation, partnership, limited liability company or other registered entity): | ||
| Vermont | ||
[SIGNATURES CONTINUE ON FOLLOWING PAGE]
IN WITNESS WHEREOF, the undersigned have executed this Reaffirmation of Amended and Restated Security Agreement effective as of the date first set forth above.
