AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT
Exhibit 10.29
AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT
This Amendment No. 2 to Amended and Restated Fee and Reimbursement Agreement (“Amendment”) is entered into as of April 7, 2014 by Freshpet, Inc., a Delaware corporation (formerly known as Professor Connor’s, Inc.) (the “Company”) and each of the other parties hereto. Capitalized terms used in this Amendment without separate definition shall have the respective meanings assigned to them in the Amended Fee Agreement (as defined below).
R E C I T A L S
A. WHEREAS, on April 15, 2013 the Original Credit Agreement was amended and restated to provide that the lenders increased the revolving loan facility to a maximum amount of $60 million (as amended, restated, supplemented, refinanced, replaced or otherwise modified and in effect from time to time, the “Credit Agreement”).
B. WHEREAS, to induce OneWest to enter into the Credit Agreement, MidOcean, certain of the FPI Guarantors and each of the Other Guarantors entered into (i) in the case of MidOcean, a First Amendment to the Equity Contribution Agreement and (ii) in the case of the FPI Guarantors and the Other Guarantors, an Amendment to Guarantee and Reaffirmation to reconfirm the Original Guarantee of such Person and increase the amount of such Person’s guarantee to reflect the increase in the Company’s maximum borrowing from $45 million to $60 million (the Original Guarantees, as amended, the “Guarantees”), each in an amount not to exceed the amount set forth under the heading “Amended Guarantee Amount” on Annex 1 hereto.
C. WHEREAS, in connection with entering into the Guarantors, the Guarantors and the Company entered into an Amended and Restated Fee and Reimbursement Agreement dated as of April 15, 2013 (the “Amended Fee Agreement”);
D. WHEREAS, the Company now desire to enter into the Fourth Amendment to the Credit Agreement (the “Fourth Amended Credit Agreement”) to increase the revolving loan facility to the maximum principal amount of $70 million;
E. WHEREAS, the parties hereto now desire to amend further Annex 1 to the Amended Fee Agreement to reflect the liability among each of such Guarantors under the Credit Agreement; it being understood and agreed that the rights and obligations of any Guarantor not a party to this Amendment shall not be modified by this Amendment.
NOW, THEREFORE, in consideration of the foregoing and the following covenants and agreements the parties hereby agree as follows:
1. Fee. The parties hereto agree that Total Obligations will be calculated as follows: (x) the Initial Guarantee Amount from and after the date that such Guarantor entered into the Guarantee through the date ending April 14, 2013 and (y) the Amended Guarantee Amount beginning on April 15, 2013, as adjusted effective September 30, 2013 to give effect to the Second Amended Guarantee Amount, through the date ending the day prior to the effective date of the Fourth Amended Credit Amendment and (z) the Third Amended Guarantee Amount
beginning as of the effective date of the Fourth Amended Credit Agreement; provided, that the Total Obligations with respect to each Guarantor as of any date of determination in which there has been a reduction or termination of the obligation of such Guarantor hereunder shall be the weighted average of the amounts set forth opposite such Guarantor’s name based on the number of days elapsed in such quarter (or portion thereof) prior to and after the amendment of Annex I to reflect such reduction or termination of the obligations of such Guarantor hereunder.
2. Amendment to Annex 1. Annex 1 to the Amended Fee Agreement hereby is amended by modifying the Guarantee Amount for the parties identified on the Amendment to Annex I; it being agreed that the Guarantee Amount of any other Guarantor shall be unaffected by such amendment.
3. Effect of Amendment. The parties hereto agree that except as otherwise set forth herein, all terms of the Amended Fee Agreement shall remain in full force and effect. In the event of any inconsistency or conflict between the Amended Fee Agreement and this Amendment, the terms, conditions and provisions of this Amendment shall govern and control.
4. Entire Agreement. This Amendment and the Amended Fee Agreement, including the Exhibits, Schedules and other documents referred to therein which form a part thereof, contain the entire understanding of the parties hereto with respect to the subject matter contained herein and therein. From and after the execution of a counterpart hereof by the parties hereto, any reference to the Amended Fee Agreement shall be deemed to be a reference to the Amended Fee Agreement as amended hereby.
5. Governing Law. The interpretation and construction of this Amendment and all matters relating hereto, shall be governed by the laws of the State of New York applicable to contracts made and to be performed entirely within the State of New York, without giving effect to any conflict of law provisions thereof.
6. Counterparts. This Amendment may be executed in two or more counterparts, each of which shall constitute an original, and all of which taken together shall constitute one instrument. Any signature page delivered by a facsimile machine shall be binding to the same extent as an original signature page.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
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IN WITNESS WHEREOF, the parties hereto have entered into this Amendment No. 1 to Amended and Restated Fee and Reimbursement Agreement as of the date first written above.
| FRESHPET, INC. | ||
| By: | /s/ Richard Kassar | |
| Name: | Richard Kassar | |
| Title: | President and Chief Financial Officer | |
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| MIDOCEAN PARTNERS III, L.P. | ||
| By: | MidOcean Associates, for and on behalf of its Segregated Portfolio, MidOcean Partners Segregated Portfolio III | |
| By: | /s/ Andrew Spring | |
| Name: | Andrew Spring | |
| Title: | Managing Director | |
| MIDOCEAN PARTNERS III-A, L.P. | ||
| By: | MidOcean Associates, for and on behalf of its Segregated Portfolio, MidOcean Partners Segregated Portfolio III | |
| By: | /s/ Andrew Spring | |
| Name: | Andrew Spring | |
| Title: | Managing Director | |
| MIDOCEAN PARTNERS III-D, L.P. | ||
| By: | MidOcean Associates, for and on behalf of its Segregated Portfolio, MidOcean Partners Segregated Portfolio III | |
| By: | /s/ Andrew Spring | |
| Name: | Andrew Spring | |
| Title: | Managing Director | |
| Address: |
| 320 Park Avenue, 16th Floor New York, NY 10022 Attn: Jonathan Marlow |
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| RICHARD KASSAR |
| /s/ Richard Kassar |
| Richard Kassar |
| Address: |
| 200 East End Avenue, Apt. 4F |
| New York, NY 10128 |
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| RICHARD C. THOMPSON |
| /s/ Richard C. Thompson |
| Richard C. Thompson |
| Address: |
| 288 Halsey Neck Lane |
| Southampton, NY 11968 |
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| RICHARD AND SUZANNE KAYNE LIVING TRUST U/T/D 1/14/99 | ||
| Richard and Suzanne Kayne Living Trust u/t/d 1/14/99 | ||
| By: | /s/ Richard A. Kayne | |
| Richard A. Kayne, Trustee | ||
| By: | /s/ Suzanne L. Kayne | |
| Suzanne L. Kayne, Trustee | ||
| Address: | ||
| 1800 Avenue of The Stars | ||
| 3rd Floor | ||
| Los Angeles, CA 90067 | ||
| FOR PURPOSES OF SECTION 5 OF THE AMENDED FEE AGREEMENT: |
| RICHARD A. KAYNE |
| /s/ Richard A. Kayne |
| Richard A. Kayne |
| Address: |
| 1800 Avenue of The Stars |
| 3rd Floor |
| Los Angeles, CA 90067 |
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| NORRIS TRUST DTD 6/18/02 | ||
| By: | /s/ Charles A. Norris | |
| Charles A. Norris, Trustee | ||
| By: | /s/ Margaret T. Norris | |
| Margaret T. Norris, Trustee | ||
| Address: | ||
| 481 Denslow Avenue Los Angeles, CA 90049 | ||
| FOR PURPOSES OF SECTION 4 OF THE AMENDED FEE AGREEMENT: |
| FRESHPET INVESTORS, LLC |
| By: | /s/ Charles Norris | |
| Name: | Charles Norris | |
| Title: | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| MICHAEL TARGOFF | ||
| /s/ Michael Targoff |
| |
| Michael Targoff | ||
| Address: | ||
| 888 Seventh Ave., 40th Fl | ||
| New York, NY 10106 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| ARMSTRONG TRUST UNDER AGREEMENT DATED SEPTEMBER 14, 2000 | ||
| Armstrong Trust Under Agreement Dated September 14, 2000 | ||
| /s/ William A. Armstrong | ||
| William A. Armstrong, as Trustee | ||
| /s/ Marilyne Armstrong | ||
| Marilyne Armstrong, as Trustee | ||
| Address: | ||
| 964 Stow Lane | ||
| Lafayette, CA 94549 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| DAVID J. SHLADOVSKY | ||
| /s/ David J. Shladovsky | ||
| David J. Shladovsky | ||
| Address: | ||
| 788 Brooktree Road | ||
| Pacific Palisades, CA 90272 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| MOHN FAMILY TRUST | ||
| Mohn Family Trust | ||
| By: | /s/ Jarl Mohn | |
| Jarl Mohn, Trustee | ||
| By: | /s/ Pamela Mohn | |
| Pamela Mohn, Trustee | ||
| Address: | ||
| 100 Wilshire | ||
| Suite 1830 | ||
| Santa Monica, CA 90401 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| JAMES STERN | ||
| /s/ James Stern | ||
| James Stern | ||
| Address: | ||
| 38 Taylor Lane | ||
| Harrison, NY 10528 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| TRUST FBO DAVID STERN | ||
| Trust fbo David Stern | ||
| By: | /s/ Jonathan Stern | |
| Jonathan Stern, Trustee | ||
| Address: | ||
| 38 Taylor Lane | ||
| Harrison, NY 10528 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| TRUST U/W/O LENORE O. STERN | ||
| Trust u/w/o Lenore O. Stern | ||
| By: | /s/ James A. Stern | |
| James A. Stern, Trustee | ||
| Address: | ||
| 38 Taylor Lane | ||
| Harrison, NY 10528 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| TRUST FBO PETER STERN | ||
| Trust fbo Peter Stern | ||
| By: | /s/ Jonathan Stern | |
| Jonathan Stern, Trustee | ||
| Address: | ||
| 38 Taylor Lane | ||
| Harrison, NY 10528 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| PETER NEUWIRTH TRUST DTD 12/9/91 | ||
| Peter Neuwirth Trust dtd 12/9/91 | ||
| By: | /s/ Peter H. Neuwirth | |
| Peter H. Neuwirth, Trustee | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| DOUGLAS HAMPSON | ||
| /s/ Douglas Hampson | ||
| Douglas Hampson | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| JAMES R. WILCOX | ||
| /s/ James R. Wilcox | ||
| James R. Wilcox | ||
| Address: | ||
| 1297 Sherborne Lane | ||
| Powell, OH 43065 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| PATRICIA NEUWIRTH DTD 2/5/91 | ||
| Patricia Neuwirth dtd 2/5/91 | ||
| By: | /s/ Patricia Neuwirth | |
| Patricia Neuwirth, Trustee | ||
| Address: | ||
| 479 Cuesta Way | ||
| Los Angeles, CA 90077 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| DAVID L. MAHONEY AND WINNIFRED C. ELLIS 1998 TRUST DTD 6/25/98 | ||
| David L. Mahoney and Winnifred C. Ellis 1998 Trust dtd 6/25/98 | ||
| By: | /s/ David Mahoney | |
| Name: | David Mahoney | |
| Title: | Trustee | |
| Address: | ||
| 121 Jordan Ave. | ||
| San Francisco, CA 94118 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| JEFFREY P. HUGHES | ||
| /s/ Jeffrey P. Hughes | ||
| Jeffrey P. Hughes | ||
| Address: | ||
| 1040 Fifth Avenue | ||
| New York, NY 10028 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| THE LIEBERTHAL TRUST DTD 3/23/99 | ||
| The Lieberthal Trust dtd 3/23/99 | ||
| By: | /s/ Gary B. Lieberthal | |
| Gary B. Lieberthal, Trustee | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| HOWARD & MARCIE ZELIKOW LIVING TRUST DTD 5/30/07 | ||
| Howard & Marcie Zelikow Living Trust dtd 5/30/07 | ||
| By: | /s/ Howard M. Zelikow | |
| Howard M. Zelikow, Trustee | ||
| Name: | /s/ Marcie P. Zelikow | |
| Marcie P. Zelikow | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| RUDNICK LIVING TRUST DTD 7/22/91 | ||
| Rudnick Living Trust dtd 7/22/91 | ||
| By: | /s/ Allan M. Rudnick | |
| Allan M. Rudnick, Trustee | ||
| By: | /s/ Paula Rudnick | |
| Paula Rudnick, Trustee | ||
| Address: | ||
| 531 Barnaby Road | ||
| Los Angeles, CA 90077 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| WILLIAM A. GOLDSTEIN | ||
| /s/ William A. Goldstein | ||
| William A. Goldstein | ||
| Address: | ||
| 8 Stillman Lane | ||
| Pleasantville, NY 10570 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| LAWRENCE S. COBEN | ||
| /s/ Lawrence S. Coben | ||
| Lawrence S. Coben | ||
| Address: | ||
| 40 West 22nd Street, # 11 | ||
| New York, NY 10010 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| LEVINE-ZACHARIUS LIVING TRUST DTD 11/17/1989 | ||
| Levine-Zacharius Living Trust dtd 11/17/1989 | ||
| By: | /s/ David O. Levine | |
| David O. Levine, Trustee | ||
| By: | /s/ Sherrie L. Zacharius | |
| Sherrie L. Zacharius | ||
| Address: | ||
| 10347 Tennessee Ave | ||
| Los Angeles, CA 90064 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| DOUGLAS A. & LORI A. SCHUR FAMILY TRUST DTD 5/1/97 | ||
| Douglas A. & Lori A. Schur Family Trust dtd 5/1/97 | ||
| By: | /s/ Douglas A. Schur | |
| Douglas A. Schur, Trustee | ||
| By: | /s/ Lori A. Schur | |
| Lori A. Schur, Trustee | ||
| Address: | ||
| 26717 Mont Calabasas Drive | ||
| Calabasas, CA 91302 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| SASQUA FIELDS PARTNERS, LLC | ||
| a Delaware limited liability company | ||
| By: | /s/ James W. Meyer | |
| Name: | James W. Meyer, as a Managing Director | |
| By: | /s/ David T. Kercher | |
| Name: | David T. Kercher, as a Managing Director | |
| Address: | ||
| c/o Sasqua Fields Management LLC | ||
| 236 Main Street, P.O. Box 621 | ||
| Southport, CT ###-###-#### | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| SILVERS LIVING TRUST DTD 2/11/04 | ||
| Douglas A. & Lori A. Schur Family Trust dtd 5/1/97 | ||
| By: | /s/ Craig Silvers | |
| Name: | Craig Silvers | |
| Title: | Trustee | |
| By: | /s/ Jeannine Vanian | |
| Name: | Jeannine Vanian | |
| Title: | Trustee | |
| Address: | ||
| 10559 Cheviot Drive | ||
| Los Angeles, CA 90064 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| LEVINE FAMILY INVESTMENT, LP | ||
| a Delaware limited partnership | ||
| By: | /s/ David O. Levine | |
| Name: | David O. Levine | |
| Title: a General Partner | ||
| By: | /s/ Alan Levine | |
| Name: | Alan Levine | |
| Title: a General Partner | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| MARILYN S. MOSCRIP | ||
| /s/ Marilyn S. Moscrip | ||
| Marilyn S. Moscrip | ||
| Address: | ||
| 1026 E. Elizabeth | ||
| Pasadena, CA 91104 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| SCOTT RACINE | ||
| /s/ Scott Racine | ||
| Scott Racine | ||
| Address: | ||
| 4332 Empress Avenue | ||
| Encino, CA 91436 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| JOSEPH E. PARZICK | ||
| /s/ Joseph E. Parzick | ||
| Joseph E. Parzick | ||
| Address: | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| WILLIAM DAVID WALTERS | ||
| /s/ William David Walters | ||
| William David Walters | ||
| Address: | ||
| 410 Route O | ||
| Everton, MO 65646 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
| LYNN HORN AND MITCHELL CAGNER JTWROS | ||
| Lynn Horn and Mitchell Cagner JTWROS | ||
| By: | /s/ Lynn Horn /s/ Mitchell Cagner | |
| Name: | Lynn Horn Mitchell Cagner | |
| Title: | ||
| Address: | ||
| 59 Wooleys Lane | ||
| Great Neck, NY 11023 | ||
[SIGNATURE PAGE TO AMENDMENT NO. 2 TO AMENDED AND RESTATED FEE AND REIMBURSEMENT AGREEMENT]
Annex I
| Guarantor | Initial Guarantee Amount | Initial Pro-Rata Percentage1 | Additional Obligation | Amended Guarantee Amount | Amended Pro-Rata Percentage2 | Second Amended Guarantee Amount | Second Amended Pro-Rata Percentage3 | Third Amended Guarantee Amount | Third Amended Pro-Rata Percentage4 | |||||||||||||||||||||||||||
| MidOcean Partners III, L.P. | $ | 12,988,500 | 32.47 | % | 6,493,099.70 | 19,481,599.70 | 32.47 | $ | 19,543,446.05 | 32.57 | % | $ | 20,316,525.40 | 32.51 | % | |||||||||||||||||||||
| MidOcean Partners III-A, L.P. | $ | 6,904,800 | 17.26 | % | 3,452,394.60 | 10,357,194.60 | 17.26 | $ | 10,390,074.58 | 17.32 | % | $ | 10,801,074.37 | 17.28 | % | |||||||||||||||||||||
| MidOcean Partners III-D, L.P | $ | 1,106,700 | 2.77 | % | 554,505.70 | 1,661,205.70 | 2.77 | $ | 1,666,479.37 | 2.78 | % | $ | 1,732,400.23 | 2.77 | % | |||||||||||||||||||||
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| Mid Ocean Sub-Total | $ | 21,000,000 | 52.5 | % | 31,500,000 | 52.5 | % | $ | 31,600,000 | 52.67 | % | $ | 32,850,000 | 52.56 | % | |||||||||||||||||||||
| Dick Kassar | $ | 400,000 | 1.00 | % | 200,000 | 600,000 | 1.00 | $ | 700,000 | 1.17 | % | $ | 741,750.00 | 1.19 | % | |||||||||||||||||||||
| Richard Thompson | $ | 600,000 | 1.50 | % | — | 600,000 | 1.00 | $ | 300,000 | 0.50 | % | $ | 300,000 | 0.48 | % | |||||||||||||||||||||
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| Management Sub-Total | $ | 1,000,000 | 2.50 | % | 1,500,000 | 2.00 | % | $ | 1,000,000 | 1.67 | % | $ | 1,041,750 | 1.67 | % | |||||||||||||||||||||
| Richard and Suzanne Kayne Living Trust u/t/d 1/14/99 | $ | 5,032,286 | 12.58 | 2,516,139 | 7,548,425 | 12.58 | $ | 7,869,926 | 12.59 | % | ||||||||||||||||||||||||||
| Norris Trust dtd 6/18/02 | $ | 2,677,730 | 6.69 | 1,338,865 | 4,016,595 | 6.69 | $ | 4,116,595 | 6.86 | % | $ | 4,287,670 | 6.86 | % | ||||||||||||||||||||||
| Michael Targoff & TGI Holdings, LLC | $ | 1,373,795 | 3.43 | 686,898 | 2,060,693 | 3.43 | $ | 2,155,047 | 3.45 | % | ||||||||||||||||||||||||||
| Armstrong rust dtd 9/14/00 | $ | 1,200,000 | 3.00 | 900,000 | 2,100,000 | 3.50 | $ | 2,196,154 | 3.51 | % | ||||||||||||||||||||||||||
| David J. Shladovsky | $ | 1,000,000 | 2.50 | 500,000 | 1,500,000 | 2.50 | $ | 1,563,888 | 2.50 | % | ||||||||||||||||||||||||||
| Mohn Family Trust | $ | 892,029 | 2.23 | 446,015 | 1,338,044 | 2.23 | $ | 1,399,310 | 2.24 | % | ||||||||||||||||||||||||||
| James Stern, Trust fbo David Stern, Trust u/w/o Lenore O. Stern, Trust fbo Peter Stern | $ | 887,779 | 2.22 | 443,890 | 1,331,669 | 2.22 | $ | 1,392,643 | 2.23 | % | ||||||||||||||||||||||||||
| Peter Neuwirth Trust dtd 12/9/91 | $ | 662,056 | 1.66 | 331,028 | 993,084 | 1.66 | $ | 1,038,555 | 1.66 | % | ||||||||||||||||||||||||||
| Douglas Hampson | $ | 552,780 | 1.38 | 276,390 | 829,170 | 1.38 | $ | 867,136 | 1.39 | % | ||||||||||||||||||||||||||
| James R. Wilcox | $ | 547,300 | 1.37 | 273,650 | 820,950 | 1.37 | $ | 858,539 | 1.37 | % | ||||||||||||||||||||||||||
| Patricia Neuwirth dtd 2/5/91 | $ | 492,250 | 1.23 | 246,125 | 738,375 | 1.23 | $ | 772,183 | 1.24 | % | ||||||||||||||||||||||||||
| David L. Mahoney and Winnifred C. Ellis 1998 Trust dtd 6/25/98 | $ | 419,410 | 1.05 | 209,705 | 629,115 | 1.05 | $ | 657,921 | 1.05 | % | ||||||||||||||||||||||||||
| Jeffrey P. Hughes | $ | 355,188 | 0.89 | 177,594 | 532,782 | 0.89 | $ | 557,177 | 0.89 | % | ||||||||||||||||||||||||||
| The Lieberthal Trust dtd 3/23/99 | $ | 329,608 | 0.82 | 164,804 | 494,412 | 0.82 | $ | 517,050 | 0.83 | % | ||||||||||||||||||||||||||
| Howard & Marcie Zelikow Living Trust dtd 5/30/07 | $ | 305,081 | 0.76 | 152,541 | 457,622 | 0.76 | $ | 478,575 | 0.77 | % | ||||||||||||||||||||||||||
| Rudnick Living Trust dtd 7/22/91 | $ | 250,000 | 0.63 | 125,000 | 375,000 | 0.63 | $ | 392,170 | 0.63 | % | ||||||||||||||||||||||||||
| William A. Goldstein | $ | 150,374 | 0.38 | 75,187 | 225,561 | 0.38 | $ | 235,889 | 0.38 | % | ||||||||||||||||||||||||||
| Lawrence S. Coben | $ | 122,910 | 0.31 | 61,455 | 184,365 | 0.31 | $ | 192,807 | 0.31 | % | ||||||||||||||||||||||||||
| Levine-Zacharius Living Trust dtd 11/17/1989 | $ | 122,454 | 0.31 | 61,227 | 183,681 | 0.31 | $ | 192,091 | 0.31 | % | ||||||||||||||||||||||||||
| Douglas A. & Lori A. Schur Family Trust dtd 5/1/97 | $ | 112,427 | 0.28 | 56,214 | 168,641 | 0.28 | $ | 176,363 | 0.28 | % | ||||||||||||||||||||||||||
| Sasqua Fields Partners, LLC | $ | 100,000 | 0.25 | — | 100,000 | 0.17 | $ | 104,579 | 0.17 | % | ||||||||||||||||||||||||||
| Silvers Living Trust dtd 2/11/04 | $ | 75,000 | 0.19 | 87,500 | 162,500 | 0.27 | $ | 169,940 | 0.27 | % | ||||||||||||||||||||||||||
| Levine Family Investment, LP | $ | 66,758 | 0.17 | 33,379 | 100,137 | 0.17 | $ | 104,722 | 0.17 | % | ||||||||||||||||||||||||||
| Marilyn S. Moscrip | $ | 60,261 | 0.15 | 30,131 | 90,392 | 0.15 | $ | 94,531 | 0.15 | % | ||||||||||||||||||||||||||
| Scott Racine | $ | 39,935 | 0.10 | 19,968 | 59,903 | 0.10 | $ | 62,646 | 0.10 | % | ||||||||||||||||||||||||||
| Joseph E. Parzick | $ | 140,030 | 0.35 | 70,015 | 210,045 | 0.35 | $ | 219,662 | 0.35 | % | ||||||||||||||||||||||||||
| William David Walters | $ | 23,247 | 0.06 | 11,624 | 34,871 | 0.06 | $ | 36,468 | 0.06 | % | ||||||||||||||||||||||||||
| Lynn Horn | $ | 9,312 | 0.02 | 4,656 | 13,968 | 0.02 | $ | 14,608 | 0.02 | % | ||||||||||||||||||||||||||
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| Freshpet Investors Sub-total | $ | 18,000,000 | 45 | % | 9,000,000 | $ | 27,000,000 | 45.5 | % | $ | 28,608,250 | 45.66 | % | $ | 28,608,250 | 45.77 | % | |||||||||||||||||||
| Total All Guarantees | $ | 40,000,000 | 100 | % | $ | 60,000,000 | 100 | % | $ | 60,000,000 | 100.00 | % | $ | 62,500,000 | 100 | % | ||||||||||||||||||||
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| 1 | Effective from June 8, 2012 through April 14, 2013 |
| 2 | Effective from April 15, 2013 through September 29, 2013 |
| 3 | Effective from September 30, 2013 |
| 4 | Effective from April [ ], 2014 |
