Inventure Foods,Inc. (NASDAQ:SNAK) Files An 8-K Entry into a Material Definitive Agreement

Item 1.01. Entry into a Material Definitive
Agreement.

On May15, 2017,Inventure Foods,Inc. (the Company) and certain of
its subsidiaries (collectively with the Company, the Borrowers)
entered into a First Amendment to Credit Agreement and Limited
Waiver (the ABL First Amendment), effective as of May 12, 2017,
with the lenders party thereto (the Lenders) and Wells Fargo
Bank, National Association, as administrative agent (Wells
Fargo), which amends the Credit Agreement, dated as of
November18, 2015, by and among the Borrowers, the Lenders, and
Wells Fargo (as amended from time to time, the ABL Credit
Agreement). Under the terms of the ABL First Amendment, the
Lenders granted the Company an extension of the temporary waiver
of the requirement under the ABL Credit Agreement to deliver
audited financial statements without a going concern opinion from
May15, 2017 to July17, 2017. In addition, the terms of the ABL
First Amendment provide for, among other things, (i)an increase
in the Companys Applicable Margin for Base Rate and Libor Rate
Loans (as such terms are defined in the ABL Credit Agreement)
effective May1, 2017 by 100 basis points, (ii)additional
financial and collateral reporting obligations and projection
requirements, (iii)the immediate right of the Agent (as defined
in the ABL Credit Agreement) or the Lenders under the ABL Credit
Agreement to exercise all rights and remedies under the ABL
Credit Agreement documents (in lieu of waiting until the earlier
of ten business days after the date on which financial statements
are required to be delivered for an applicable fiscal month), and
(iv)the elimination of the right to issue curative equity.

The foregoing description of the ABL First Amendment does not
purport to be complete and is qualified in its entirety by
reference to the ABL First Amendment, a copy of which is filed as
Exhibit10.1 to this Current Report on Form8-K and is incorporated
herein by reference.

Item 9.01. Financial Statements and
Exhibits.

(d) Exhibits

10.1 First Amendment to Credit Agreement and Limited Waiver,
dated as of May12, 2017, by and among the Company and certain of
its subsidiaries, as the borrowers, each of the lenders from time
to time a party thereto, and Wells Fargo Bank, National
Association, as the administrative agent for each member of the
Lender Group and the Bank Product Providers (each as defined
therein), as the sole arranger, and as the sole book runner.

About Inventure Foods, Inc. (NASDAQ:SNAK)

Inventure Foods, Inc. is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category, as well as products considered part of the healthy/natural food category. Its Frozen Products segment’s brands include Rader Farms and Jamba. Its Snack Products segment’s brands include Boulder Canyon, Nathan’s Famous, T.G.I. Friday’s, Poore Brothers, Bob’s Texas Style and Vidalia.

Inventure Foods, Inc. (NASDAQ:SNAK) Recent Trading Information

Inventure Foods, Inc. (NASDAQ:SNAK) closed its last trading session up +0.03 at 4.15 with 94,369 shares trading hands.