VermontPure Holdings, Ltd. 1050Buckingham Street Watertown,CT06795
EX-10.1 2 ex101.htm EXHIBIT 10.1 ex101.htm
| | Exhibit 10.1 |
Vermont Pure Holdings, Ltd.
1050 Buckingham Street
Watertown, CT 06795
April 8, 2009
Henry E. Baker
514 Northfield Road
Litchfield, CT 06759
Peter K. Baker
118 Gray Rock Road
Southbury, CT 06488
John B. Baker
20 Hardscrabble Road
Warren, CT 06754
Gentlemen,
I refer to $14,000,000 in aggregate principal amount of subordinated notes (“Notes”) of Vermont Pure Holdings, Ltd. (“Company”) payable to the following individuals in the amount set forth opposite the individual’s name:
| Henry E. Baker | $4,600,000 | |||
| John B. Baker | $4,700,000 | |||
| Peter K. Baker | $4,700,000 | |||
;
As you know, the Company is considering the payment to John Baker of $500,000 principal amount of the Notes.
By signing the enclosed extra copy of this letter below and returning it to Bruce MacDonald, CFO of the Company, please confirm that you (a) consent to this payment, (b) waive the requirement in the Notes for 30 days’ prior written notice of prepayments, and (c) waive any objection to the fact that this payment, if made, will not be made pro-rata among the three holders of the Notes, but will be paid entirely to John Baker. The Company will rely on your consent and waivers.
This letter may be signed in counterpart copies, and all of the signed copies will together constitute a single letter.
| Very truly yours | |||
| VERMONT PURE HOLDINGS, LTD | |||
| | By: | /s/ Martin Dytrych | |
| Martin Dytrych | |||
| Chair, Audit Committee | |||
The undersigned hereby consent and waive as set forth above.
/s/ Henry E. Baker
Henry E. Baker
Dated: May 6, 2009
/s/ Peter K. Baker
Peter K. Baker
Dated: May 7, 2009
/s/ John B. Baker
John B. Baker
Dated: May 6, 2009
