Acknowledgement Letter Amending Warrant Expiration Date – Atlantic Premium Brands, Ltd. and Banc One Capital Partners, LLC

Summary

Atlantic Premium Brands, Ltd. and Banc One Capital Partners, LLC agree to amend the definition of "Warrant Expiration Date" in certain warrants held by Banc One. The amendment specifies that the warrants will expire on the date the related loan note is prepaid in full, provided this prepayment occurs on or before October 31, 2002. This letter confirms the parties' mutual understanding and agreement to this change.

EX-4.1 3 c72978exv4w1.txt ACKNOWLEDGEMENT LETTER EXHIBIT 4.1 ATLANTIC PREMIUM BRANDS, LTD. 650 DUNDEE ROAD, NORTHBROOK, IL 60062 August 9, 2002 Steve Chenenko Banc One Capital Partners, LLC 191 West Nationwide Blvd., Suite 600 Columbus, OH 43215 Re: Banc One Capital Partners, LLC Loan to Atlantic Premium Brands, Ltd. and Subsidiaries ----------------------------------------------------------------------- Dear Steve: Your signature below will confirm your voice mail to me of yesterday that clause (iv) of the definition of "Warrant Expiration Date" in each of the amended Warrants held by BOCP be amended to read: "(iv) the date on which the Note (as defined in Section 2.3 below) is prepaid in full, provided that such prepayment is made on or prior to October 31, 2002." As you will recall, the date was earlier extended to September 30, 2002. Please feel free to call me with any questions. Sincerely, /s/ Thomas M. Dalton Tom Dalton Acknowledged and Agreed: BANC ONE CAPITAL PARTNERS LLC By: /s/ Steve Chenenko -------------------------------- Steve Chenenko Title: Director Date: August 20, 2002