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<SEC-DOCUMENT>0000950123-11-007271.txt : 20110131
<SEC-HEADER>0000950123-11-007271.hdr.sgml : 20110131
<ACCEPTANCE-DATETIME>20110131163324
ACCESSION NUMBER:		0000950123-11-007271
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20110125
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110131
DATE AS OF CHANGE:		20110131

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SANFILIPPO JOHN B & SON INC
		CENTRAL INDEX KEY:			0000880117
		STANDARD INDUSTRIAL CLASSIFICATION:	SUGAR & CONFECTIONERY PRODUCTS [2060]
		IRS NUMBER:				362419677
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0628

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19681
		FILM NUMBER:		11559863

	BUSINESS ADDRESS:	
		STREET 1:		1703 N. RANDALL ROAD
		CITY:			ELGIN
		STATE:			IL
		ZIP:			60123-7820
		BUSINESS PHONE:		847-289-1800

	MAIL ADDRESS:	
		STREET 1:		1703 N. RANDALL ROAD
		CITY:			ELGIN
		STATE:			IL
		ZIP:			60123-7820
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c62732e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>

<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT<BR>
PURSUANT TO SECTION 13 OR 15(d) OF<BR>
THE SECURITIES EXCHANGE ACT OF 1934</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date of Report (Date of earliest event reported): January&nbsp;31, 2011 (January&nbsp;25, 2011)</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>JOHN B. SANFILIPPO &#038; SON, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="31%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or other jurisdiction of <BR>
incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>0-19681</B><BR>
(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>36-2419677</B><BR>
(I.R.S. Employer Identification<BR>
Number)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>1703 North Randall Road, Elgin, Illinois 60123-7820</B><BR>
(Address of principal executive offices) (Zip Code)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code: <B>(847)&nbsp;289-1800</B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the
filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction
A.2. below):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-family: Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>









<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">










<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;5.02</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.</B></TD>
</TR>
</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Increase in Board Size; Appointment of New Director</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January&nbsp;25, 2011, the Board of Directors (the &#147;Board&#148;) of John B. Sanfilippo &#038; Son, Inc.
(the &#147;Company&#148;) increased the size of the Board from eight to nine members. At the same time, the
Board elected Ellen Taaffe to fill the vacancy created by the increase in the number of directors
constituting the Board and also appointed her to the Compensation Committee, Corporate Governance
Committee and Audit Committee. In connection with Ms. Taaffe&#146;s election to the Board, the Board and the
 Corporate Governance Committee considered Ms. Taaffe&#146;s extensive experience in marketing and management.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ms.&nbsp;Taaffe currently is President of Smith-Dahmer Associates LLC, a custom market research
firm for Fortune 500 clients and not-for-profit organizations. Ms.&nbsp;Taaffe has previously held
senior executive marketing positions at Whirlpool Corporation, Royal Caribbean Cruises Limited and
PepsiCo, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ms.&nbsp;Taaffe is eligible to participate in all compensation plans applicable to non-employee
members of the Board, as described in the Company&#146;s 2010 Proxy Statement. In accordance with the
compensation program for non-employee directors, Ms.&nbsp;Taaffe will receive an annual retainer and
fees for Board and committee attendance. In addition, upon joining the Board, Ms.&nbsp;Taaffe received
3,000 Restricted Stock Units, which were granted pursuant to a form of Non-Employee Director
Restricted Stock Unit Award Agreement previously approved by the Board. Ms.&nbsp;Taaffe is also
expected to enter into an Indemnification Agreement with the Company in the form previously
approved by the Board.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no arrangements or understandings known to the Company between Ms.&nbsp;Taaffe and any
other person pursuant to which Ms.&nbsp;Taaffe was appointed to the Board. Ms.&nbsp;Taaffe has not entered
into any transactions with the Company that are required to be disclosed pursuant to Item 404(a) of
Regulation&nbsp;S-K.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A copy of the press release announcing the appointment of Ms.&nbsp;Taaffe is attached hereto as
Exhibit&nbsp;99.1 to this Current Report on Form 8-K.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Change-of-Control Employment Security Agreement and Non-Compete</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January&nbsp;25, 2011, the Board authorized the Company to enter into a form of
Change-of-Control Employment Security Agreement and Non-Compete (the &#147;Agreement&#148;), with certain
executive officers, including the Company&#146;s Senior Vice President of Industrial Sales, Walter R.
Tankersley (each, an &#147;Executive&#148;). The executive officer members of the Valentine and Sanfilippo
families (who control a significant portion of the Company&#146;s stock) were not selected by the Board
to enter into the Agreement. A form of the Agreement is attached hereto as Exhibit&nbsp;10.1 and
incorporated herein by reference. Capitalized terms used but not defined in this section have the
meanings provided in the Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The initial term of the Agreement will end on February&nbsp;1, 2012, but is subject to successive
automatic one-year extensions unless the Company has given at least 12&nbsp;months&#146; advance notice of
non-extension.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Agreement provides for the terms and conditions of the Executive&#146;s employment by the
Company during the Protected Period, which runs from the first day following a Change of Control to
the second anniversary of that date. Generally, there shall be no material diminution of the
Executive&#146;s authority, duties or responsibilities, the Executive&#146;s services shall, in general, be
performed at the office where the Executive was employed immediately preceding the date of the
Change in Control, the Executive shall, in general, receive a base salary at least equal to the
Executive&#146;s annual base salary in effect immediately prior to the Change in Control, and the
Executive&#146;s short-term and long-term incentive opportunities and opportunities to participate in
Company benefit and savings and retirement plans shall be at least as favorable, in the aggregate,
with the opportunities in effect at any time during the one year period immediately preceding the
date of the Change of Control. The Agreement prescribes the terms and conditions under which
separation payments and benefits will be provided to the Executive in the event of termination of
the Executive during the Protected Period and does not alter the Executive&#146;s status as an &#147;at will&#148;
employee of the Company.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Executive is required to devote reasonable attention and time to the Company during the
Protected Period and to protect the Company&#146;s Confidential Information. The Agreement also imposes
non-competition and non-solicitation obligations on the Executive, which apply to the Executive
whether or not there is a Change of Control.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event the Executive&#146;s employment with the Company terminates during the Protected
Period, or in some cases earlier in anticipation of the Change of Control, subject to the terms of
the Agreement:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the Executive&#146;s employment is terminated by the Company for death,
Disability, Cause or by the Executive for other than for Good Reason, the Executive
will be entitled to receive the following: (i)&nbsp;any unpaid base salary, (ii)&nbsp;the amount
of any substantiated but previously unreimbursed business expenses, (iii)&nbsp;any Other
Benefits; and (iv)&nbsp;to the extent required by applicable law, any accrued pay in lieu of
unused vacation (the &#147;Accrued Obligations&#148;).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If the termination is by the Executive for Good Reason, or by the Company
other than for Cause, death or Disability, the Executive will be entitled to receive
the Accrued Obligations, and, if the Executive executes and delivers a separation
agreement and general release of all claims, the Executive will be entitled to certain
payments and benefits. These payments and benefits include, but are not limited to:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a lump-sum cash payment equal to the Executive&#146;s annual base
salary amount and the Executive&#146;s targeted annual award under the SVA Plan, or
any successor incentive compensation plan as in effect immediately prior to the
Change of Control;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any unpaid bonus for the year prior to the year of termination;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a pro-rata target bonus for the year in which the termination occurs; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>career transition services.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the Agreement, a Change of Control includes:
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the consummation of a merger or consolidation of the Company with or into another
entity or any other corporate reorganization, if more than 50% of the combined voting
power of the continuing or surviving entity&#146;s securities outstanding immediately after
such merger, consolidation or other reorganization is owned by persons who were not
stockholders of the Company immediately prior to such merger, consolidation or other
reorganization;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the sale, transfer or other disposition of all or substantially all of the Company&#146;s
assets;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a change in the composition of the Board, as a result of which fewer than one-half
of the directors following such change in composition of the Board are Original
Directors or were elected, or nominated for election, to the Board with the affirmative
votes of at least a majority of the aggregate of the Original Directors; or</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any transaction as a result of which any &#147;person&#148; or &#147;group&#148;, other than one or more
Permitted Holders, or any group that is controlled by Permitted Holders, is or becomes
the &#147;beneficial owner&#148;, directly or indirectly, of the voting securities of the Company
representing at least 30% of the total voting power of the Company (with respect to all
matters other than the election of directors) represented by the Company&#146;s then
outstanding voting securities.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The foregoing description of the Agreement is a summary, is not complete and is qualified in
its entirety by reference to the Agreement.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U>Amendment and Restatement of Sanfilippo Value Added Bonus Plan</U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January&nbsp;25, 2011, the Board approved an Amended and Restated Sanfilippo Value Added Bonus
Plan (the &#147;SVA Plan&#148;), which amended certain provisions of the SVA Plan originally adopted in 2007.
A form of the SVA Plan is attached hereto as Exhibit&nbsp;10.2 and incorporated herein by
reference. Capitalized terms used but not defined in this section have the meanings provided in
the SVA Plan. The following is a summary of the material terms of the amendments to the SVA Plan:
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The definition of &#147;Change in Control&#148; was revised to conform it to the definition in
the Company&#146;s 2008 Equity Incentive Plan and the recently adopted Agreements described
above.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>After the SVA Plan bonus associated with the Company&#146;s 2011 fiscal year, the maximum
amount a participant may receive under the SVA Plan is two times his or her target
award.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Several revisions were made to eliminate the &#147;bonus bank&#148; feature of the SVA Plan.
The &#147;bonus bank&#148; is a holding mechanism in which the SVA Plan bonus for a fiscal year
is credited. For each applicable fiscal year, the &#147;bonus bank&#148; is increased by the
amount of any positive SVA Plan bonus or decreased by the amount of any negative SVA
Plan bonus. The &#147;bonus bank&#148; is decreased to a negative amount in the event that the
Company&#146;s SVA at the end of a fiscal year is less than the SVA at the beginning of such
fiscal year.</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the Company&#146;s 2011 fiscal year if, after SVA Plan bonuses
are calculated, a participant&#146;s bonus bank is zero or negative, then no bonus
will be paid to a participant, any negative bonus bank will be
extinguished and the bonus bank will be eliminated.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the Company&#146;s 2011 fiscal year if, after SVA Plan bonuses
are calculated, a participant&#146;s bonus bank balance is equal to zero to 1.2
times the participant&#146;s target bonus, then the participant&#146;s entire bonus bank
will be paid to a participant and the bonus bank will be eliminated.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the Company&#146;s 2011 fiscal year if, after SVA Plan bonuses
are calculated, a participant&#146;s bonus bank balance is greater than 1.2 times
the participant&#146;s target bonus, then, in general, the participant will receive
a bonus equal to 1.2 times the participant&#146;s target bonus, and the remaining
amount of the bonus bank will not be paid to the participant (and will be
subject to subsequent forfeiture) until the bonuses associated with the
Company&#146;s 2013 fiscal year are paid.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Beginning after the Company&#146;s 2011 fiscal year, it will not be
possible to receive a &#147;negative&#148; bonus.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing description is a summary, is not complete and is qualified in its entirety by
reference to the full text of the SVA Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>ITEM 9.01. Financial Statements and Exhibits</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;Exhibits
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The exhibits furnished herewith are listed in the Exhibit&nbsp;Index which follows the signature
page of this Current Report on Form 8-K.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>JOHN B. SANFILIPPO &#038; SON, INC.</B><BR>
(Registrant)<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: January 31, 2011&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Michael J. Valentine
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Michael J. Valentine&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left" nowrap>Chief Financial Officer, Group President and Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>EXHIBIT INDEX</B></U>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Number</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;10.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Change-of-Control Employment Security Agreement and Non-Compete</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;10.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Sanfilippo Value Added Bonus Plan</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Exhibit&nbsp;99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press Release dated January&nbsp;26, 2011</TD>
</TR>
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</TABLE>
</DIV>



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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>c62732exv10w1.htm
<DESCRIPTION>EX-10.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv10w1</TITLE>
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<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT 10.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>FORM OF<BR>
CHANGE-OF-CONTROL</B><BR>
<U><B>EMPLOYMENT SECURITY AGREEMENT AND NON-COMPETE</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AGREEMENT, by and between John B. Sanfilippo &#038; Son, Inc., a Delaware corporation (the
&#147;<U>Company</U>&#148;), and &#091;<B>&#149;</B>&#093; (the &#147;<U>Executive</U>&#148;), dated as of the &#091;<B>&#149;</B>&#093; day of &#091;<B>&#149;</B>&#093;, 20&#091;<B>&#149;</B>&#093; (this
&#147;<U>Agreement</U>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors of the Company (the &#147;<U>Board</U>&#148;), has determined that it is in the
best interests of the Company and its stockholders to assure that the Company will have the
continued dedication of the Executive, notwithstanding the possibility, threat or occurrence of a
Change in Control. The Board believes it is imperative to diminish the inevitable distraction of
the Executive by virtue of the personal uncertainties and risks created by a pending or threatened
Change in Control and to encourage the Executive&#146;s full attention and dedication to the Company and
the Affiliated Companies currently and in the event of any threatened or pending Change in Control,
and to provide the Executive with compensation and benefits arrangements upon a Change in Control
that ensure that the compensation and benefits expectations of the Executive will be satisfied and
that are competitive with those of other corporations. Therefore, in order to accomplish these
objectives, the Board has caused the Company to enter into this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">1. <U>Effect of Agreement</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Unless and until there occurs, during the Term of this Agreement, either a Change in
Control or a termination of the Executive&#146;s employment in anticipation of a Change in Control as
contemplated by <U>Section&nbsp;3(d)</U>: (i)&nbsp;Sections <U>2</U>, <U>3</U> and <U>4</U> of this
Agreement shall have no effect and shall not give rise to any rights of the Executive, and (ii)
upon any termination of the Executive&#146;s employment, the Executive shall have no further rights
under this Agreement. Except as specifically provided for in <U>Section&nbsp;1(a)(i)</U>, the other
provisions of this Agreement, including <U>Section&nbsp;8</U>, shall be effective as of the date first
written above.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;From and after the first date during the Term of this Agreement on which a Change in
Control occurs, this Agreement shall supersede any Employment Agreement, but except as expressly
provided for herein, shall have no effect on any Other Agreement or Other Plan; <I>provided, </I>that any
confidentiality and non-competition provisions in any Employment Agreement shall continue in full
force and effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;This Agreement does not alter the Executive&#146;s status as an &#147;at will&#148; employee of the
Company. The Executive may terminate his or her employment with the Company at any time, and the
Company retains the right to terminate the Executive&#146;s employment without notice, at any time, for
any reason or no reason. Rather, this Agreement solely prescribes the terms and conditions under
which separation payments and benefits shall be provided to the Executive in the event of
termination of the Executive during the Protected Period as set forth in <U>Section&nbsp;4</U> below.
</DIV>





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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2. <U>Terms of Employment</U>. This <U>Section&nbsp;2</U> sets forth the terms and conditions of
Executive&#146;s employment, if any, by the Company during the period (the &#147;<U>Protected Period</U>&#148;)
beginning on the first day during the Term of this Agreement on which a Change in Control occurs
and ending on the second anniversary of that date, or such earlier date as the Executive&#146;s
employment terminates as contemplated by <U>Section&nbsp;3</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Position and Duties</U>.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the Protected Period, (A)&nbsp;there shall be no material
diminution of (x)&nbsp;the Executive&#146;s authority, duties or responsibilities; (y)
the authority, duties or responsibilities of the individual or group to whom
the Executive reports; or (z)&nbsp;the Executive&#146;s budgetary authority, in each case
as in effect immediately prior to the Change in Control (without limiting the
generality of the foregoing, for the purposes of this clause (A)&nbsp;a material
diminution will be deemed to have occurred if the Executive does not maintain
substantially the same or greater authority, duties or responsibilities with
the ultimate parent corporation of a controlled group of corporations of which
the Company is a member upon consummation of the transaction or transactions
constituting the Change in Control), (B)&nbsp;the Executive&#146;s services shall be
performed at the office where the Executive was employed immediately preceding
the date of the Change in Control or any office or location less than 50 miles
from such office, unless the Executive is on international assignment on the
date of the Change in Control and is relocated as a result of the Executive&#146;s
being repatriated, and (C)&nbsp;the Executive shall not be required to travel on
Company or Affiliated Company business to a substantially greater extent than
required immediately before the Change in Control.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the Protected Period, the Executive agrees to devote
reasonable attention and time during normal business hours (except when on
authorized vacation, holidays or sick leave) to the business and affairs of the
Company and the Affiliated Companies, and, to the extent necessary to discharge
the responsibilities assigned to the Executive hereunder, to use the
Executive&#146;s reasonable best efforts to perform faithfully and efficiently such
responsibilities; <I>provided, </I>that the Executive may (A)&nbsp;serve on corporate,
civic or charitable boards and committees, (B)&nbsp;deliver lectures, fulfill
speaking engagements and teach at educational institutions, and (C)&nbsp;manage
personal investments, so long as such activities do not significantly interfere
with the performance of the Executive&#146;s responsibilities as an employee of the
Company in accordance with this Agreement; and <I>provided, further, </I>that to the
extent that any such activities have been conducted by the Executive before the
date of the Change in Control, the continued conduct of such activities or
other activities similar in nature and scope thereto after the date of the
Change in Control shall not be deemed to interfere with the performance of the
Executive&#146;s responsibilities to the Company and the Affiliated Companies.</TD>
</TR>




</TABLE>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Compensation</U>.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Base Salary</U>. During the Protected Period, the
Executive shall receive a base salary (the &#147;<U>Base Salary</U>&#148;), the annual
amount of which (the &#147;<U>Annual Base Salary Amount</U>&#148;) shall, subject to
<U>Section&nbsp;2(b)(i)(B)</U>, be at least equal to the Executive&#146;s annual base
salary in effect immediately prior to the Change in Control. The Base Salary
shall be paid at such intervals as the Company pays executive salaries
generally. During the Protected Period, the Annual Base Salary Amount (A)
shall be reviewed for possible increase at least annually, beginning no more
than 12&nbsp;months after the last such annual review prior to the date of the
Change in Control and (B)&nbsp;may be reduced as part of an overall cost reduction
program that affects all senior executives of the Company and Affiliated
Companies and does not disproportionately affect the Executive. Any increase
in the Annual Base Salary Amount shall not serve to limit or reduce any other
obligation to the Executive under this Agreement. Except as provided for in
<U>Section&nbsp;2(b)(i)(B)</U>, the Annual Base Salary Amount shall not be reduced
after any such increase and the term &#147;<U>Annual Base Salary Amount</U>&#148; shall
refer to Annual Base Salary Amount as so increased or decreased pursuant to
this <U>Section&nbsp;2(b)(i)</U>.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Incentive Programs</U>. During the Protected Period, the
Executive shall be entitled to participate in all of the Company&#146;s and the
Affiliated Companies&#146; short-term and long-term incentive plans, practices,
policies and programs (whether cash or stock-based), to the extent they are
generally applicable to executives of the Company and the Affiliated Companies,
but in no event shall such plans, practices, policies and programs provide the
Executive with incentive opportunities less favorable, in the aggregate, than
the most favorable of those provided by the Company and the Affiliated
Companies to the Executive under such plans, practices, policies and programs
as in effect at any time during the one year period immediately preceding the
date of the Change in Control.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Savings and Retirement Plans</U>. During the Protected
Period, the Executive shall be entitled to participate in all of the Company&#146;s
and the Affiliated Companies&#146; savings and retirement plans, practices, policies
and programs, to the extent they are generally applicable to executives of the
Company and the Affiliated Companies, but in no event shall such plans,
practices, policies and programs provide the Executive with savings
opportunities and retirement benefit opportunities, in each case, less
favorable, in the aggregate, than the most favorable of those provided by the
Company and the Affiliated Companies to the Executive under such plans,
practices, policies and programs as in effect at any time during the one year
period immediately preceding the date of the Change in Control.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Welfare Benefit Plans</U>. During the Protected Period,
the Executive and/or the Executive&#146;s family, as the case may be, shall be
eligible for</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>participation in and shall receive all benefits under welfare benefit plans,
practices, policies and programs provided by the Company and the Affiliated
Companies (including without limitation medical, prescription drug, dental,
vision, disability, life insurance, accidental death and dismemberment, and
travel accident insurance plans and programs) to the extent generally
applicable to executives of the Company and the Affiliated Companies, but in
no event shall such plans, practices, policies and programs provide the
Executive with benefits that are less favorable, in the aggregate, than the
most favorable of such plans, practices, policies and programs in effect for
the Executive at any time during the one year period immediately preceding
the date of the Change in Control.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Expenses</U>. During the Protected Period, the Executive
shall be entitled to receive prompt reimbursement for all reasonable expenses
incurred by the Executive in accordance with the most favorable policies,
practices and procedures of the Company and the Affiliated Companies in effect
for the Executive at any time during the one year period immediately preceding
the date of the Change in Control.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(vi)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Vacation</U>. During the Protected Period, the Executive
shall be entitled to paid vacation in accordance with the most favorable plans,
policies, programs and practices of the Company and the Affiliated Companies as
in effect for the Executive at any time during the one year period immediately
preceding the date of the Change in Control.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">3. <U>Termination of Employment</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Death or Disability</U>. The Executive&#146;s employment shall terminate automatically if
the Executive dies during the Protected Period. If the Company determines in good faith that the
Disability of the Executive has occurred during the Protected Period, it may give to the Executive
written notice in accordance with <U>Section&nbsp;11(b)</U> of its intention to terminate the
Executive&#146;s employment. In such event, the Executive&#146;s employment with the Company shall terminate
effective on the 30th day after receipt of such notice by the Executive, <I>provided </I>that the
Executive shall not have returned to full-time performance of the Executive&#146;s duties prior to the
30th day after receipt of such notice.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>By the Company</U>. The Company may terminate the Executive&#146;s employment during the
Protected Period for Cause or without Cause. The termination of the Executive&#146;s employment shall
not be deemed to be for Cause, unless and until (i)&nbsp;the Company gives notice to the Executive of
the existence of the event or condition constituting &#147;Cause&#148; and (ii)&nbsp;the Executive fails to cure
such event or condition within 30&nbsp;days after receiving such notice.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>By the Executive</U>. The Executive may terminate employment during the Protected
Period for Good Reason or without Good Reason. The termination of the Executive&#146;s employment by
the Executive shall not be deemed to be for &#147;Good Reason&#148; unless and until (i)&nbsp;the Executive gives
written notice to the Company of the existence of the event or condition constituting &#147;Good Reason&#148;
within 90&nbsp;days after such event or condition initially occurs or exists, (ii)&nbsp;the Company fails to
cure such event or condition within 30&nbsp;days after receiving such notice, and (iii)&nbsp;the Executive&#146;s
</DIV>




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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;separation from service&#148; within the meaning of Section&nbsp;409A of the Code occurs within 30&nbsp;days
of the end of the 30&nbsp;day cure period, but in no event later than the last day of the Protected
Period and, in all events, not later than two years after such event or condition initially occurs
or exists.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Termination in Anticipation of a Change in Control</U>. Anything in this Agreement to
the contrary notwithstanding, if (i)&nbsp;a Change in Control occurs, (ii)&nbsp;the Executive&#146;s employment
with the Company is terminated by the Company before the Change in Control occurs in a manner and
under circumstances that would be considered a termination by the Company without Cause if it had
occurred during the Protected Period, and (iii)&nbsp;such termination
of employment was made within one year at the request or suggestion of a third party that had
taken steps reasonably calculated to effect the Change in Control, then such termination shall be
treated under <U>Section&nbsp;4</U> of this Agreement as a termination by the Company without Cause
during the Protected Period, except that the date of the actual Change in Control shall be treated
as the Executive&#146;s Date of Termination.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Notice, Date and Effect of Termination</U>. Any termination of the Executive&#146;s
employment by the Company pursuant to <U>Section&nbsp;3(b)</U> or the Executive pursuant to <U>Section
3(c)</U> shall be communicated by Notice of Termination to the other party hereto given in
accordance with <U>Section&nbsp;11(b)</U>, after satisfaction of the procedural requirements of
<U>Section&nbsp;3(b)</U> or <U>3(c)</U> to the extent applicable. The failure by the Executive or the
Company to set forth in the Notice of Termination any fact or circumstance that contributes to a
showing of Good Reason or Cause shall not waive any right of the Executive or the Company,
respectively, hereunder, or preclude the Executive or the Company, respectively, from asserting
such fact or circumstance in enforcing their respective rights hereunder. If the Executive&#146;s
employment is terminated by the Company for Cause or by the Executive for Good Reason or without
Good Reason, the termination shall be effective as of the date of receipt of the Notice of
Termination or any later date specified in the Notice of Termination (but not later than 30&nbsp;days
after the giving of such notice or as otherwise provided with respect to a Good Reason
termination), as the case may be. If the Executive&#146;s employment is terminated by the Company other
than for Cause or Disability, the termination shall be effective as of the date on which the
Company notifies the Executive of such termination. The Company and the Executive shall take all
steps necessary (including with regard to any post-termination services by the Executive) to ensure
that any termination described in this <U>Section&nbsp;3(e)</U> constitutes a &#147;separation from service&#148;
within the meaning of Section&nbsp;409A of the Code, and the date on which such separation from service
takes place shall be the &#147;<U>Date of Termination</U>.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">4. <U>Obligations of the Company upon Termination</U>.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Termination for Death, Disability, Cause or Other than for Good Reason</U>. If,
during the Protected Period, the Executive&#146;s employment is terminated as a result of death, the
Company terminates the Executive for Disability or for Cause, or the Executive terminates
employment other than for Good Reason, then the Company shall pay to the Executive the sum of
the following amounts, to the extent not previously paid to the Executive (the &#147;<U>Accrued
Obligations</U>&#148;): (i)&nbsp;the unpaid amount, if any, of Base Salary through the Date of
Termination; (ii)&nbsp;the amount of any substantiated but previously unreimbursed business expenses
incurred prior to the Date of Termination, (iii)&nbsp;any Other Benefits; and (iv)&nbsp;to the extent
required by applicable law any accrued pay in lieu of unused vacation.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Other than for Cause, Death or Disability; Good Reason</U>. If, during the
Protected Period, the Company terminates the Executive&#146;s employment other than for Cause or
Disability or the Executive terminates employment for Good Reason, the Company will pay to the
Executive the Accrued Obligations, and, if the Executive executes and delivers to the Company a
separation agreement and general release of all claims in the form attached hereto as
<U>Exhibit&nbsp;A</U> (the &#147;<U>Release</U>&#148;) not later than the Release Deadline, the Company shall
make the payments and provide the benefits described below.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall pay to the Executive, in a lump sum in cash
at the end of the 30&nbsp;day period following the Date of Termination the sum of
(A)&nbsp;the Annual Base Salary Amount and (B)&nbsp;the Executive&#146;s targeted annual award
under the Amended and Restated John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value
Added Plan, or any successor incentive compensation plan (the &#147;<U>SVA
Plan</U>&#148;) as in effect immediately prior to the Change in Control.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notwithstanding any provision in an Other Plan to the contrary,
the Company shall pay to the Executive a cash amount equal to the sum of (A)
any annual short-term or long-term cash based incentive bonus, including any
bonus pursuant to the SVA Plan, which has been allocated or awarded to such
Executive for the fiscal year (or other measuring period used in such Other
Plan) prior to the fiscal year (or other measuring period used in such Other
Plan) in which the Date of Termination occurred, to the extent unpaid <I>plus </I>(B)
a pro rata portion to the date of the Date of Termination of the aggregate
value of all incentive compensation awarded to the Executive under the
Company&#146;s short-term or long-term cash based incentive programs, including any
bonus pursuant to the SVA Plan, for the fiscal year (or other measuring period
used in such Other Plan) in which the Date of Termination occurred, calculated
as if all conditions for receiving the targeted annual award amount with
respect to all such awards had been met.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company shall provide the Executive with career transition
services, in accordance with its normal practice for its most senior
executives, as in effect before the date of the Change in Control, from the
career transition service firm or firms with which the Company and the
Affiliated Companies have contracted as of the Date of Termination or
thereafter; <I>provided, </I>that to the extent such career transition services begin
before the Executive executes the Release, they shall end as of the Release
Deadline if the Executive fails to execute and deliver the Release to the
Company by the Release Deadline; and <I>provided, further, </I>that in any event such
career transition services shall not be provided beyond the end of the first
calendar year after the calendar year in which the Date of Termination occurs.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>During the Severance Period, the Executive and his or her
dependents and spouse shall be entitled to elect to receive health coverage
required by the</TD>
</TR>

</TABLE>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Consolidated Omnibus Budget Reconciliation Act of 1985 at employee rates.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="9%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(v)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Company agrees that all outstanding unvested stock options,
restricted stock, restricted stock units, performance shares and stock
appreciation rights previously granted to Executive under any Company equity
plan (&#147;<U>Company Equity Plan</U>&#148;) (including any stock options, restricted
stock, restricted stock units, performance shares and stock appreciation rights
assumed by the Company in connection with its acquisition of another entity)
shall immediately be 100% vested upon the Executive&#146;s Date of Termination. The
Executive shall be entitled to exercise any stock options or stock appreciation
rights until the expiration of three months following the Date of Termination
(or until such later date as may be applicable under the terms of the award
agreement governing the stock option or stock appreciation right upon
termination of employment), subject to the maximum full term of the stock
option or stock appreciation right; <I>provided</I>, however, that if the Change in
Control is not considered a change in control pursuant to Section&nbsp;409A of the
Code, then any award subject to Section&nbsp;409A of the Code shall vest but will
not be payable until the earlier of a change of control pursuant to Section
409A of the Code or the date such award would have otherwise been paid if no
Change in Control had occurred.</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">5. <U>Non-exclusivity of Rights</U>. Nothing in this Agreement shall prevent or limit the
Executive&#146;s continuing or future participation in any Other Plan for which the Executive may
qualify, nor shall anything herein limit or otherwise affect such rights as the Executive may have
under any Other Agreement. Amounts that are vested benefits or that the Executive is otherwise
entitled to receive under any Other Plan or any Other Agreement shall be payable in accordance with
such Other Plan or Other Agreement, except as explicitly modified by this Agreement, including
<U>Section&nbsp;4(b)(v)</U>. Notwithstanding the foregoing, if the Executive receives payments and
benefits pursuant to <U>Section&nbsp;4(b)</U>, the Executive shall not be treated as having any
additional years of service or age for purposes of any Other Plan or Other Agreement by virtue of
receiving such payments and benefits, unless such Other Plan or Other Agreement specifically so
provides.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">6. <U>Full Settlement; Legal Fees</U>. In no event shall the Executive be obligated to seek other
employment or take any other action by way of mitigation of the amounts payable to the Executive
under any of the provisions of this Agreement, and, subject to <U>Section&nbsp;8</U>, such amounts
shall not be reduced, regardless of whether the Executive obtains other employment. The Company
agrees to pay as incurred, within 10&nbsp;days following the Company&#146;s receipt of an invoice from the
Executive, to the full extent permitted by law, all legal fees and expenses that the Executive may
reasonably incur, at any time from the date of this Agreement through the Executive&#146;s remaining
lifetime, as a result of any contest by the Company, the Executive or others of the validity or
enforceability of, or liability under, any provision of this Agreement (whether such contest is
between the Company and the Executive or between either of them and any third party, and including
as a result of any contest by the Executive about the amount of any payment pursuant to this
Agreement), plus, in each case, interest on any delayed payment at the rate equal to the prime rate
as reported in the Wall Street Journal, compounded quarterly; <I>provided, </I>that the
</DIV>




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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Executive shall submit an invoice for such fees and expenses promptly (but in no event later than
90&nbsp;days after such fees are incurred); <I>provided, further</I>, that the Executive shall repay any such
fees and expenses (and no additional reimbursements shall be made) (a)&nbsp;if there is a specific
judicial finding that the Executive&#146;s request to litigate was frivolous, unreasonable or without
foundation or (b)&nbsp;if it has been finally determined that the Executive&#146;s termination of employment
for Cause was proper, that the Executive terminated his employment without Good Reason, or that
Executive breached any of the covenants in <U>Section&nbsp;8</U>; <I>provided, further</I>, that the Company&#146;s
obligations to Executive pursuant to this Section&nbsp;6 will be limited to, and will not exceed,
$50,000.00. The Executive&#146;s right to have the Company pay such legal fees and expenses may not be
liquidated or exchanged for any other benefit. If it is has been finally determined that Executive
breached any of the covenants in <U>Section&nbsp;8</U>, then Executive shall be responsible for all
legal fees and expenses that the Company may reasonably incur as a result of any contest by the
Company, the Executive or others of the validity or enforceability of, or liability under,
<U>Section&nbsp;8</U> of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">7. <U>Adjustment in Payments</U>.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that any payment or benefit received or to be received by Executive
pursuant to the terms of this Agreement (the &#147;<U>Contract Payments</U>&#148;) or in connection with
Executive&#146;s termination of employment or contingent upon a Change in Control of the Company
pursuant to any Other Plan or Other Agreement (the &#147;<U>Other Payments</U>&#148; and, together with
the Contract Payments, the &#147;<U>Payments</U>&#148;) would be subject to the excise tax (the
&#147;<U>Excise Tax</U>&#148;) imposed by Section&nbsp;4999 of the Code, as determined as provided below, and
<I>provided</I>, that if Executive&#146;s Payment is, when calculated on a net-after-tax basis (taking into
account the Excise Tax as well as other applicable federal, state and local income taxes), less
than 100% of the net-after tax amount (taking into account applicable federal, state and local
income taxes) of the Payment which could be paid to Executive under Section&nbsp;280G of the Code
without causing the imposition of the Excise Tax, then the Payment shall be limited to the
largest amount payable without resulting in the imposition of any Excise Tax (such amount, the
&#147;<U>Capped Amount</U>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For purposes of determining the Capped Amount, whether any of the Payments will be
subject to the Excise Tax and the amounts of such Excise Tax, (i)&nbsp;the total amount of the
Payments shall be treated as &#147;parachute payments&#148; within the meaning of Section&nbsp;280G(b)(2) of
the Code, and all &#147;excess parachute payments&#148; within the meaning of Section&nbsp;280G(b)(1) of the
Code shall be treated as subject to the Excise Tax, except to the extent that, in the opinion of
independent tax counsel selected by the Company&#146;s independent auditors and reasonably acceptable
to Executive (&#147;<U>Tax Counsel</U>&#148;), a Payment (in whole or in part) does not constitute a
&#147;parachute payment&#148; within the meaning of Section&nbsp;280G(b)(2) of the Code, or such &#147;excess
parachute payments&#148; (in whole or in part) are not subject to the Excise Tax, (ii)&nbsp;the amount of
the Payments that shall be treated as subject to the Excise Tax shall be equal to the lesser of
(A)&nbsp;the total amount of the Payments or (B)&nbsp;the amount of &#147;excess parachute payments&#148; within the
meaning of Section&nbsp;280G(b)(1) of the Code (after applying clause (i)&nbsp;hereof), and (iii)&nbsp;the
value of any noncash benefits or any deferred payment or benefit shall be determined by Tax
Counsel in accordance with the principles of Sections&nbsp;280G(d)(3) and (4)&nbsp;of the Code. For
purposes of determining the amounts compared in the proviso of <U>Section&nbsp;7(a)</U> above,
Executive shall be deemed to pay federal
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">income tax at the highest marginal rates of federal income taxation applicable to individuals in the calendar
year in which the Payment is to be made and state and local income taxes at the highest
effective rates of taxation applicable to individuals as are in effect in the state and locality
of Executive&#146;s residence in the calendar year in which the Payment is to be made, net of the
maximum reduction in federal income taxes that can be obtained from deduction of such state and
local taxes, taking into account any limitations applicable to individuals subject to federal
income tax at the highest marginal rates.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the Tax Counsel determines that any Excise Tax is payable by Executive and that the
criteria for reducing the Payments to the Capped Amount (as described in <U>Section&nbsp;7(a)</U>
above) is met, then the Company shall reduce the Payments by the amount which, based on the Tax
Counsel&#146;s determination and calculations, would provide Executive with the Capped Amount, and
pay to Executive such reduced Payments. If the Tax Counsel determines that no Excise Tax is
payable by Executive, it shall, at the same time as it makes such determination, furnish
Executive with an opinion that he has substantial authority not to report any Excise Tax on
his/her federal, state, local income or other tax return.
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>

<td> <U>Confidential Information; Cooperation; Non-Disparagement; Non-solicit; Non-compete</U>.
In consideration of the amounts which may become payable pursuant to this Agreement, Executive
agrees to be bound by each of the covenants of this <U>Section&nbsp;8</U> during and following the
termination of Executive&#146;s employment, whether such termination is by the Company or by
Executive, with or without Cause or Good Reason, and whether or not in anticipation of or
following a Change in Control. Executive acknowledges that the covenants contained within this
<U>Section&nbsp;8</U> are essential elements of this Agreement, and that, but for the agreement of
Executive to comply with such covenants, the Company would not have entered into this
Agreement to provide for payments under this Agreement. The allocation of payments under this
Agreement shall be made with respect to the covenants of this <U>Section&nbsp;8</U> at such
time(s) an allocation would be deemed to be appropriate. If any provision of this <U>Section
8</U> shall ever be deemed to exceed the time, scope or geographic limitations permitted by
applicable laws, then such provisions shall be reformed to the maximum time, scope or
geographic limitations, as the case may be, permitted by applicable laws. Because Executive&#146;s
services are unique and because Executive has had access to Confidential Information, the
parties hereto agree that money damages will be an inadequate remedy for any breach of this
Agreement. In the event of a breach or threatened breach of this Agreement, the Company or its
successors or assigns may, in addition to other rights and remedies existing in their favor,
stop making any additional payments hereunder to Executive and apply to any court of competent
jurisdiction for specific performance and/or injunctive relief in order to enforce, or prevent
any violations of, the provisions hereof (without the posting of a bond or other security).
The Executive agrees that he or she shall comply with the following covenants:</td>
</tr>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">(a) <U>Confidentiality and Non-Disparagement</U>.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Executive shall, both during and after employment by the
Company, protect the confidential, trade secret and/or proprietary character of
all Confidential Information. The Executive shall not, directly or indirectly,
use (for the Executive or another) or disclose any Confidential Information,
for so long as it shall remain proprietary or protectable as</TD>
</TR>

</TABLE>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>confidential or trade secret information, except as may be necessary for the
performance of the Executive&#146;s duties with the Company and the Affiliated
Companies. Each of the Executive&#146;s obligations in this <U>Section&nbsp;8</U>
shall also apply to the confidential, trade secret and proprietary
information learned or acquired by the Executive during the Executive&#146;s
employment from others with whom the Company or any Affiliated Company has a
business relationship. The Executive understands that the Executive is not
to disclose to the Company or any Affiliated Company, or use for its
benefit, any of the confidential, trade secret or proprietary information of
others, including any of the Executive&#146;s former employers. The Executive
shall promptly deliver to the Company, at the termination of the Executive&#146;s
employment, or at any other time at the Company&#146;s request, without retaining
any electronic or other copies, all documents and other material including
data in electronic form, in the Executive&#146;s possession relating, directly or
indirectly, to any Confidential Information. Any Confidential Information
that cannot be returned (such as oral Confidential Information) shall remain
confidential and subject to the terms of this Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR>


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Executive shall, both during and after employment by the
Company, refrain from publishing, providing, or soliciting, directly or
indirectly, any oral or written statements about the Company or any Affiliated
Company or any of their respective officers, directors, employees, agents,
representatives, products, or practices that may be considered disparaging,
slanderous, libelous, derogatory, or defamatory, or which may reasonably
expected to tend to injure the reputation or business of the Company or any
Affiliated Company or any of their respective officers, directors, employees,
agents, representatives, products, or practices; <I>provided</I>, that such
restriction shall not limit the Executive&#146;s ability to provide truthful
testimony as required by law or any judicial or administrative process.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Non-Competition</U>. During the term of Executive&#146;s employment and during the 12
month period immediately following the date of any termination of Executive&#146;s employment with the
Company, Executive shall not directly or indirectly become associated, as an owner, partner,
shareholder (other than as a holder of not in excess of 5% of the outstanding voting shares of any
publicly traded company), director, officer, manager, employee, agent, consultant or otherwise,
with any partnership, corporation or other entity that competes with the business of the Company or
any of its Affiliated Companies, which business shall include, but
not be limited to, processing, purchasing, marketing and co-packing
tree nuts and peanuts and other snacks and snack products as well as
any future business endeavors the Company or the Affiliated Companies
undertake. This <U>Section&nbsp;8(b)</U> shall not be deemed to restrict
Executive&#146;s association with any enterprise that conducts
business related to the business of the Company and business
unrelated to the business of the Company for so
long as the Executive&#146;s role whether direct or indirect (e.g., supervisory), is solely with respect
to such unrelated business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Non Solicitation</U>. During the term of Executive&#146;s employment and during the 12
month period immediately following the date of any termination of Executive&#146;s employment with the
Company, Executive shall not directly or indirectly employ or seek to employ, or solicit or contact
or encourage or cause others to solicit or contact with a view to engage or employ, any person who
is or was an employee of the Company at the time of the Executive&#146;s Date of
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Termination or at any time during the twelve-month period preceding such date. This
<U>Section&nbsp;8(c)</U> shall not be deemed to be violated solely by (i)&nbsp;placing an advertisement or
other general solicitation or (ii)&nbsp;serving as a reference.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<U>Further Assurance</U>. Executive shall cooperate with and provide assistance to the
Company and the Affiliated Companies at any time and in any manner reasonably required by the
Company, the Affiliated Companies or their respective counsel in connection with any litigation or
other legal process affecting the Company or the Affiliated Companies, or in answering questions
concerning any other matter, in which the Executive was involved or had knowledge of during the
course of his or her employment (other than any dispute between the Executive and the Company
concerning this Agreement); <I>provided</I>, (i)&nbsp;the Company shall have provided the Executive with
advance written notice of the request to cooperate and/or assist, (ii)&nbsp;the Company shall reimburse
the Executive&#146;s reasonable attorneys&#146; fees and costs and such other expenses in connection with
said cooperation and assistance promptly after the Executive submits a written request therefor
together with copies of the invoices substantiating such expenses, but in no event shall payment of
any such fees, costs, and expenses be made after the last day of the Executive&#146;s taxable year
following the taxable year in which the expense was incurred; <I>provided</I>, that prior to reimbursement
the Executive first delivers a written undertaking to the Company to repay all such attorneys&#146; fees
and costs and expenses paid to the Executive prior to the final disposition of the litigation or
other legal process affecting the Company if it ultimately be determined by final judicial decision
from which there is no further right to appeal that the Executive is not entitled to reimbursement
of such attorneys&#146; fees and costs and expenses, and (iii)&nbsp;that after the termination of employment
for any reason, such cooperation and assistance shall not require the Executive to forgo or
significantly interrupt any professional or personal commitment that he or she reasonably deems
significant or to take any action that, in his or her reasonable judgment, could impair his or her
ability to perform the responsibilities of or could jeopardize the continuation of his or her then
current employment or self-employment.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">9. <U>Successors</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;This Agreement is personal to the Executive, and, without the prior written consent of the
Company shall not be assignable by the Executive other than by will or the laws of descent and
distribution. This Agreement shall inure to the benefit of and be enforceable by the Executive&#146;s
legal representatives.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;This Agreement shall inure to the benefit of and be binding upon the Company and its
successors and assigns. Except as provided in <U>Section&nbsp;9(c)</U>, without the prior written
consent of the Executive, this Agreement shall not be assignable by the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Company shall require any successor (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company to assume expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession had taken place.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">10. <U>Recovery or Offset of Payments; Compensation Recovery</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Subject to <U>Section&nbsp;10(b)</U> and <U>Section&nbsp;8</U>, unless and to the extent the
Executive consents in writing, neither the Company nor any Affiliated Company shall be entitled to
recover from, or to apply an offset against, any payment or benefit due or provided under this
Agreement in order to recover any amount for which the Executive may be liable or for any other
reason (other than any amount for which the Executive may be liable under the terms of this
Agreement, including, without limitation, by reason of <U>Section&nbsp;7</U> or <U>8</U> herein);
<I>provided</I>, <I>however</I>, that this <U>Section&nbsp;10</U> shall not restrict or prohibit the Company or the
Affiliated Companies from withholding payments in the event of a breach by Executive of the
covenants in <U>Section&nbsp;8</U> and any amount from payments or benefits due or provided hereunder
to the extent required by law, including, but not limited to, any Taxes required to be withheld
under federal, state, or local law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Without limiting any other provision of this Agreement, any payments made hereunder shall
be subject to any compensation recovery policy (i)&nbsp;of the Company (as may be implemented or
amended from time to time, and including any successor or replacement policy or standard) to the
extent applicable or (ii)&nbsp;imposed by law or the stock exchange on which the Company&#146;s securities
are listed.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">11. <U>Miscellaneous</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;This Agreement shall be governed by and construed in accordance with the laws of the State
of Illinois, without reference to principles of conflict of laws. The captions of this Agreement
are not part of the provisions hereof and shall have no force or effect. This Agreement may not be
amended or modified other than by a written agreement that is specifically identified as an
amendment of this Agreement and executed by the Executive and by an authorized officer of the
Company in a single instrument. This Agreement is intended to be exempt from or comply with the
requirements of Section&nbsp;409A of the Code, to the extent applicable, and shall be administered and
interpreted accordingly.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;All notices and other communications hereunder shall be in writing and shall be given by
hand delivery to the other party or by registered or certified mail, return receipt requested,
postage prepaid, addressed as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">If to the Executive:<BR>
&#091;<B>&#149;</B>&#093;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">If to the Company:<BR>
1703 North Randall Road<BR>
Elgin, Illinois 60123<BR>
Attention: Chief Financial Officer
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">or to such other address as either party shall have furnished to the other in writing in accordance
herewith. Notice and communications shall be effective when actually received by the addressee.
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The invalidity or unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The Company may withhold from any amounts payable under this Agreement such Taxes as shall
be required to be withheld pursuant to any applicable law or regulation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The Executive&#146;s or the Company&#146;s failure to insist upon strict compliance with any
provision of this Agreement or the failure to assert any right the Executive or the Company may
have hereunder, including without limitation the right of the Executive to terminate employment for
Good Reason pursuant to <U>Section&nbsp;3(c)</U>, shall not be deemed to be a waiver of such provision
or right or any other provision or right of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;The Agreement is intended to comply with Section&nbsp;409A of the Code, including the
exceptions for short-term deferrals, separation pay arrangements, reimbursements, and in-kind
distributions, and shall be administered, construed and interpreted in accordance with such intent.
Each payment under the Agreement is intended to be treated as one of a series of separate payments
for purposes of Section&nbsp;409A of the Code. To the extent any reimbursements or in-kind benefit
payments under the Agreement are subject to Section&nbsp;409A of the Code, such reimbursements and
in-kind benefit payments will be made in accordance with Treasury Regulation &#167;1.409A-3(i)(1)(iv)
(or any similar or successor provisions). Notwithstanding anything in the Agreement to the
contrary, to the extent the Executive is considered a &#147;specified employee&#148; (as defined in Section
409A of the Code) and would be entitled to a payment during the six-month period beginning on the
Executive&#146;s Date of Termination that is not otherwise excluded under Section&nbsp;409A of the Code under
the exception for short-term deferrals, separation pay arrangements, reimbursements, in-kind
distributions, or any otherwise applicable exemption, to the extent required to comply with Section
409A of the Code, the payment will not be made to the Executive until the earlier of the six-month
anniversary of the Executive&#146;s Date of Termination or the Executive&#146;s death and will be accumulated
and paid on the first day of the seventh month following the date of termination. The Company may
amend the Agreement to the minimum extent necessary to satisfy the applicable provisions of Section
409A of the Code.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">12. <U>Certain Definitions</U>. The following terms shall have the meanings set forth below for
purposes of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Accrued Obligations</U>&#148; has the meaning set forth in <U>Section&nbsp;4(a)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Affiliated Company</U>&#148; means any company controlled by the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Agreement</U>&#148; has the meaning set forth in the first paragraph of the Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Annual Base Salary Amount</U>&#148; has the meaning set forth in <U>Section&nbsp;2(b)(i)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Base Salary</U>&#148; has the meaning set forth in <U>Section&nbsp;2(b)(i)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Board</U>&#148; has the meaning set forth in the second paragraph of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Capped Amount</U>&#148; has the meaning set forth in <U>Section&nbsp;7(a)</U>.
</DIV>



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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Cause</U>&#148; means, (a)&nbsp;the breach by the Executive of any Employment Agreement, Other Agreement
or this Agreement, including <U>Section&nbsp;2(a)(ii)</U> (except as a result of the Executive&#146;s
incapacity due to physical or mental illness or injury, or following the Executive&#146;s delivery of a
Notice of Termination for Good Reason), (b)&nbsp;the Executive engaging in a business that competes with
the Company or an Affiliated Company, (c)&nbsp;the Executive disclosing business secrets, trade secrets
or Confidential Information of the Company or an Affiliated Company to any party, (d)&nbsp;dishonesty,
misconduct, fraud or disloyalty by the Executive, (e)&nbsp;misappropriation of corporate funds, or (f)
such other conduct by the Executive of an incompetent, insubordinate, immoral or criminal nature as
to have rendered the continued employment of the Executive incompatible with the best interests of
the Company or any Affiliated Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Change in Control</U>&#148; means the first date on which one of the following events occurs:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the consummation of a merger or consolidation of the Company with or into another entity
or any other corporate reorganization, if more than 50% of the combined voting power of the
continuing or surviving entity&#146;s securities outstanding immediately after such merger,
consolidation or other reorganization is owned by persons who were not stockholders of the Company
immediately prior to such merger, consolidation or other reorganization;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;the sale, transfer or other disposition of all or substantially all of the Company&#146;s
assets;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;a change in the composition of the Board, as a result of which fewer than one-half of the
directors following such change in composition of the Board are directors who either (i)&nbsp;had been
directors of the Company on the date 24&nbsp;months prior to the date of the event that may constitute a
Change in Control (the &#147;<U>Original Directors</U>&#148;) or (ii)&nbsp;were elected, or nominated for
election, to the Board with the affirmative votes of at least a majority of the aggregate of (A)
the Original Directors who were still in office at the time of the election or nomination and (B)
the directors whose election or nomination was previously approved pursuant to this Clause (ii); or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;any transaction as a result of which any &#147;person&#148; or &#147;group&#148; (as such terms are used in
Section 13(d) and 14(d) of the Exchange Act), other than one or more Permitted Holders, or any
group that is controlled by Permitted Holders, is or becomes the &#147;beneficial owner&#148; (as defined in
Rules&nbsp;13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of the voting securities of
the Company representing at least 30% of the total voting power of the Company (with respect to all
matters other than the election of directors) represented by the Company&#146;s then outstanding voting
securities. For purposes of this Clause (d), the term &#147;transaction&#148; shall include any conversion of
the Class&nbsp;A Stock, whether or not such conversion occurs in connection with a sale, transfer or
other disposition of such Class&nbsp;A Stock.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For purposes of this definition, (i)&nbsp;the term &#147;person&#148; shall exclude: (A)&nbsp;a trustee or other
fiduciary holding securities under an employee benefit plan of the Company or an Affiliated
Company; and (B)&nbsp;a corporation owned directly or indirectly by the stockholders of the Company in
substantially the same proportions as their ownership of the Common Stock (it being understood that
for purposes of subsequently determining whether a Change in Control has occurred, all references to the &#147;Company&#148; in the definition of Change in Control shall be deemed
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">to be references to the
Company and/or such corporation, as applicable); (ii)&nbsp;the term &#147;group&#148;
shall exclude any group controlled by any person identified in Clause (i)(A) above and (iii)&nbsp;the
term &#147;control&#148; shall mean the possession, directly or indirectly, of the power to direct or cause
the direction of the management or policies of a person, whether through the ownership of voting
securities, by contract, or otherwise, and the terms &#147;controlling&#148; and &#147;controlled&#148; have meanings
correlative thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Except as otherwise determined by the Compensation Committee of the Company, any spin-off of a
division or subsidiary of the Company to its stockholders will not constitute a Change in Control
of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Class&nbsp;A Stock</U>&#148; means the Class&nbsp;A Common Stock, $.01 par value per share, of the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Code</U>&#148; means the Internal Revenue Code of 1986, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Common Stock</U>&#148; means the Common Stock, par value $.01 per share, of the Company, and any
other shares into which such Common Stock shall thereafter be exchanged by reason of a
recapitalization, merger, consolidation, split-up, combination, exchange of shares or the like.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Company</U>&#148; has the meaning set forth in the first paragraph of this Agreement, and shall
include any successor to the Company pursuant to <U>Section&nbsp;9(c)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Company Equity Plan</U>&#148; has the meaning set forth in <U>Section&nbsp;4(b)(v)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Confidential Information</U>&#148; any proprietary or privileged information pertaining to the
business of the Company or the Affiliated Companies obtained during the Executive&#146;s employment by
the Company, including but not limited to (a)&nbsp;information related to all relationships of the
Company or the Affiliated Companies with its customers or clients which Executive would not, but
for his or her relationship with the Company or the Affiliated Companies, have had contact with
(collectively, &#147;<U>Customers</U>&#148;) (including the identities of the Company&#146;s or Affiliated
Companies&#146; primary contacts at such Customers), trade secrets, inventions, ideas, processes,
formulas, source and object codes, data, programs, other works of authorship, know-how,
improvements, discoveries, developments, designs and techniques; (b)&nbsp;information regarding plans
for research, trade secrets, development, new products, marketing and selling, business plans,
budgets and unpublished financial statements, licenses, prices and costs, investors and Customers;
and (c)&nbsp;information regarding the skills and compensation of other employees of the Company or the
Affiliated Companies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Contract Payments</U>&#148; has the meaning set forth in <U>Section&nbsp;7(a)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Date of Termination</U>&#148; means (a)&nbsp;if the Executive&#146;s employment is terminated as a result of
the Executive&#146;s death or Disability, the date on which the Executive&#146;s termination becomes
effective pursuant to <U>Section&nbsp;3(a)</U>, and <U>(b)</U>otherwise, as defined in <U>Section
3(d)</U> or <U>(e)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Disability</U>&#148; means the Executive is (a)&nbsp;unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period of not less than 12
months, or
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(b)&nbsp;by reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period of not less than 12
months, (A)&nbsp;receiving income replacement benefits for a period of not less than 3&nbsp;months under an
accident and health plan covering employees of the Company or any Affiliated Company or, (B)&nbsp;if
different, as may be defined for purposes of Section&nbsp;409A of the Code.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Employment Agreement</U>&#148; means any employment, severance, protection or similar agreement
between the Executive and the Company or any of the Affiliated Companies that may hereafter be
entered into.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Executive</U>&#148; has the meaning set forth in the first paragraph of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Exchange Act</U>&#148; means the Securities Exchange Act of 1934, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Excise Tax</U>&#148; has the meaning set forth in <U>Section&nbsp;7(a)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Good Reason</U>&#148; means the occurrence of any one or more of the following conditions without
the prior written consent of the Executive: (a)&nbsp;any material failure by the Company to comply with
any of the provisions of <U>Section&nbsp;2(a)(i)</U> or <U>Section&nbsp;2(b)</U>; or (b)&nbsp;any failure by the
Company to comply with and materially satisfy <U>Section&nbsp;9(c)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Notice of Termination</U>&#148; means a written notice of the termination of the Executive&#146;s
employment that (a)&nbsp;indicates the specific termination provision in this Agreement relied upon, (b)
to the extent applicable, sets forth in reasonable detail the facts and circumstances claimed to
provide a basis for termination of the Executive&#146;s employment under the provision so indicated, and
(c)&nbsp;specifies the Date of Termination (which shall be not earlier than the date such notice is
given and not later than 30&nbsp;days thereafter).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Other Agreement</U>&#148; means any contract or agreement between the Company or any of the
Affiliated Companies and the Executive, excluding any Employment Agreement and this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Other Benefits</U>&#148; means any amounts or benefits required to be paid or provided or which the
Executive is eligible to receive under any Other Plan or Other Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Other Payments</U>&#148; has the meaning set forth in <U>Section&nbsp;7(a)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Other Plan</U>&#148; means any plan, program, policy or practice provided by the Company or any of
the Affiliated Companies, excluding this Agreement, any Employment Agreement and any Other
Agreements, but including the SVA Plan and short-term or long-term incentive plans, practices,
policies and programs (whether cash or stock-based).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Payments</U>&#148; has the meaning set forth in <U>Section&nbsp;7(a)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Permitted Holder</U>&#148; means:
</DIV>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Jasper B. Sanfilippo (&#147;<U>Jasper</U>&#148;), Mathias A. Valentine, (&#147;<U>Mathias</U>&#148;), a
spouse of Jasper, a spouse of Mathias, any lineal descendant of Jasper or any lineal descendant
of Mathias (collectively referred to as the &#147;<U>Family Members</U>&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a legal representative of a deceased or disabled Family Member&#146;s estate, provided that
such legal representative is a Family Member;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) a trustee of any trust of which all the beneficiaries (and any donees and appointees of
any powers of appointment held thereunder) are Family Members and the trustee of which is a
Family Member;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) a custodian under the Uniform Gifts to Minors Act or Uniform Transfers to Minors Act
for the exclusive benefit of a Family Member, provided that such custodian is a Family Member;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) any corporation, partnership or other entity, provided that at least 75% of the equity
interests in such entity (by vote and by value) are owned, either directly or indirectly, in the
aggregate by Family Members;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any bank or other financial institution, solely as a bona fide pledgee of shares of
Class&nbsp;A Stock by the owner thereof as collateral security for indebtedness due to the pledgee;
or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) any employee benefit plan, or trust or account held thereunder, or any savings or
retirement account (including an individual retirement account), held for the exclusive benefit
of a Family Member.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Person</U>&#148; means any individual, entity or group (within the meaning of Section&nbsp;13(d)(3) or
14(d)(2) of the Exchange Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Protected Period</U>&#148; has the meaning set forth in the first sentence of <U>Section&nbsp;2</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Release</U>&#148; has the meaning set forth in <U>Section&nbsp;4(b)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Release Deadline</U>&#148; means the date that is not more than 30&nbsp;days after the Date of
Termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Severance Period</U>&#148; means the period of one year beginning on the Date of Termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>SVA Plan</U>&#148; has the meaning set forth in <U>Section&nbsp;4(b)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Tax Counsel</U>&#148; has the meaning set forth in <U>Section&nbsp;7(b)</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Taxes</U>&#148; means all federal, state, local and foreign income, excise, social security and
other taxes (other than the Excise Tax and any taxes, interest and penalties imposed pursuant to
Section&nbsp;409A of the Code) and any associated interest and penalties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;<U>Term of this Agreement</U>&#148; means the period beginning on the date of this Agreement and
ending on the following February 1; provided, however, that beginning on that February&nbsp;1, and on
each
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">February 1 thereafter, the Term of this Agreement shall be automatically extended so as to
terminate on the first anniversary of such February&nbsp;1, unless the Company shall give the Executive
one year&#146;s prior written notice that the Term of this Agreement shall not be so extended. If a
Change in Control occurs during the then current Term, then notwithstanding the
foregoing, the Term of this Agreement shall be automatically extended and shall not expire until
the end of the Protected Period. Notwithstanding the foregoing, this Agreement shall terminate
if Executive ceases to be an employee of the Company and its Affiliated Companies for any reason
prior to a Change in Control which, for these purposes, shall include cessation of such employment
as a result of the sale or other disposition of the division, subsidiary or other business unit by
which Executive is employed. The obligations in <U>Section&nbsp;8</U>, <U>10</U>, <U>11</U> and
<U>12</U> shall survive any termination of this Agreement.
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">*&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;*&nbsp;&nbsp;&nbsp;*
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->18 of 24<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the Executive has hereunto set the Executive&#146;s hand and, pursuant to the
authorization from its Board of Directors, the Company has caused these presents to be executed in
its name on its behalf, all as of the day and year first above written.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">EXECUTIVE<BR>
<BR>
<BR>
<div style="border-top: 1px solid #000000">&nbsp;</div>

<BR>
JOHN B. SANFILIPPO &#038; SON, INC.<BR>
<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000; border-top: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Its:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>EXHIBIT A</B></U>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>SEPARATION AGREEMENT</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>and</B>
</DIV>

<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>GENERAL RELEASE OF ALL CLAIMS</B><SUP style="FONT-size: 85%; vertical-align: text-top"><B>1</B></SUP>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Separation Agreement and General Release of All Claims (the &#147;<U>Agreement</U>&#148;) is
entered into as of &#091;<B>&#149;</B>&#093; by and among &#091;<B>&#149;</B>&#093; (the &#147;<U>Executive</U>&#148;) and John B. Sanfilippo &#038; Son,
Inc. (the &#147;<U>Company</U>&#148;), duly acting under authority of their officers and directors.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, John B. Sanfilippo &#038; Son, Inc. and the Executive have entered into a Change in
Control Employment Security Agreement and Non-compete, dated as of &#091;<B>&#149;</B>&#093;(the &#147;<U>CIC
Agreement</U>&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, Executive&#146;s employment with the Company will end effective as of &#091;<B>&#149;</B>&#093;;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, in connection with Executive&#146;s separation from employment, Executive is entitled to
certain payments and other benefits under the CIC Agreement, so long as Executive executes and does
not revoke this Agreement; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>WHEREAS</B>, the parties desire to fully and finally resolve any disputes, claims or controversies
that have arisen or may arise with respect to Executive&#146;s employment with and subsequent separation
from the Company.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>NOW, THEREFORE</B>, in consideration of the mutual promises, covenants and agreements stated
herein and in the CIC Agreement, which Executive and the Company agree constitute good and valuable
consideration, receipt of which is acknowledged, the parties stipulate and do mutually agree as
follows:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Release</U>. In exchange for receiving the payments and benefits described in
<U>Section&nbsp;4</U> of the CIC Agreement, Executive does for himself and his heirs, executors,
administrators, successors, and assigns, hereby release, acquit, and forever discharge and
hold harmless the Company and the divisions, subsidiaries and affiliated companies of the
Company, the officers, directors, shareholders, employees, benefit and retirement plans (as
well as trustees and administrators thereof), agents and heirs of each of the foregoing, and
the predecessors, assigns and successors, past and present of each of the foregoing, and any
persons, firms or corporations in privity with any of them (collectively, the &#147;<U>Company
Released Parties</U>&#148;), of and from any and all actions, causes of action, claims, demands,
attorneys&#146; fees, compensation, expenses, promises, covenants, and damages of whatever kind or
nature, in law or in equity, which Executive has, had or could have asserted, known or
unknown, at</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>To be revised if necessary or appropriate
under any applicable law to effect a complete and total release of claims by
the Executive as of the effective date of the Agreement.</TD>
</TR>

</TABLE>


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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="left" style="font-size: 10pt; margin-top: 6pt">common law or under any statute, rule, regulation, order or law, whether federal, state or
local, or on any grounds whatsoever from the beginning of the world to the date of execution of
this Agreement, including, without limitation, (<U>1</U>) any and all claims for any additional
severance pay, vacation pay, bonus or other compensation; (<U>2</U>) any and all claims of
discrimination or harassment based on race, color, national origin, ancestry, religion, marital
status, sex, sexual orientation, disability, handicap, age or other unlawful discrimination; any
claims arising under Title VII of the Federal Civil Rights Act; the Federal Civil Rights Act of
1991; the Americans with Disabilities Act; the Age Discrimination in Employment Act; the
Illinois Human Rights Act; or under any other state, federal, local law or regulation or under
the common law; and (<U>3</U>) any and all claims with respect to any event, matter, damage or
injury arising out of his employment relationship with any Company Released Party, and/or the
separation of such employment relationship, and/or with respect to any other event or matter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The only exceptions to this Separation Agreement and General Release of All Claims are with
respect to retirement benefits which may have accrued and vested as of the date of Executive&#146;s
employment termination, COBRA rights, enforcement of Executive&#146;s rights under this Agreement and
the CIC Agreement, and any claims under applicable workers&#146; compensation laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Nothing in this Agreement shall be construed to prohibit Executive from filing any future charge
or complaint with the U.S. Equal Employment Opportunity Commission (the &#147;<U>EEOC</U>&#148;) or
participating in any investigation or proceeding conducted by the EEOC, nor shall any provision
of this Agreement adversely affect Executive&#146;s right to engage in such conduct. Notwithstanding
the foregoing, Executive waives the right to obtain any relief from the EEOC or recover any
monies or compensation as a result of filing a charge or complaint. In addition to agreeing
herein not to bring suit against any Company Released Party, Executive agrees not to seek
damages from any Company Released Party by filing a claim or charge with any state or
governmental agency.
</DIV>





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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Confidential Information</U>. Executive shall return to the Company all Company property
and Confidential Information (as defined in the CIC Agreement) of any Company Released Party
in Executive&#146;s possession or control, including without limitation, business reports and
records, client reports and records, customer information, personally identifiable information
relating to others, business strategies, contracts and proposals, files, a listing of
customers or clients, lists of potential customers or clients, technical data, testing or
research data, research and development projects, business plans, financial plans, internal
memoranda concerning any of the above, and all credit cards, cardkey passes, door and file
keys, computer access codes, software, and other physical or personal property which Executive
received, had access to or had in his possession, prepared or helped prepare in connection
with Executive&#146;s employment with any Company Released Party, and Executive shall not make or
retain any copies, duplicates, reproductions, or excerpts thereof. Executive acknowledges that
in the course of employment with any one or more Company Released Party, Executive has
acquired Confidential Information and that such Confidential Information has been disclosed to
Executive in confidence and for his use only during and with respect to his employment with
one or more of the Company Released Parties.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Restrictive Covenants</U>. Executive acknowledges and agrees that he has agreed to be
bound by the confidentiality provision in the CIC Agreement following Executive&#146;s separation
of employment and the non-competition and non-solicitation covenants in the CIC Agreement for
12&nbsp;months following Executive&#146;s separation of employment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>No Outstanding Claims</U>. Executive declares and represents that he has not filed or
otherwise pursued any charges, complaints, lawsuits or claims of any nature against any
Company Released Party arising out of or relating to events occurring prior to the date of
this Agreement, with any federal, state or local governmental agency or court with respect to
any matter covered by this Agreement. In addition to agreeing herein not to bring suit against
any Company Released Party, Executive agrees not to seek damages from any Company Released
Party by filing a claim or charge with any state or governmental agency.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>No Reliance</U>. Executive further declares and represents that no promise, inducement,
or agreement not herein expressed has been made to him, that this Agreement contains the
entire agreement between the parties hereto, and that the terms of this Agreement are
contractual and not a mere recital.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>No Admission</U>. Executive understands and agrees that this Agreement shall not be
considered an admission of liability or wrongdoing by any party hereto, and each of the
parties denies any liability and agrees that nothing in this Agreement can or shall be used by
or against either party with respect to claims, defenses or issues in any litigation or
proceeding except to enforce rights under the Agreement itself or under the CIC Agreement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Construction</U>. Executive understands and agrees that should any provision of this
Agreement be declared or be determined by any court to be illegal or invalid, the validity of
the remaining parts, terms or provisions shall not be affected thereby, and said invalid part,
term, or provision shall be deemed not a part of this Agreement.</TD>
</TR>




</TABLE>
</DIV>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Consultation with Attorney</U>. Executive acknowledges that he understands that he has
the right to consult with an attorney of his choice at his expense to review this Agreement
and has been encouraged by the Company to do so.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Advance Notice</U>. Executive further acknowledges that he has been provided twenty-one
days to consider and accept this Agreement from the date it was first given to him, although
Executive may accept it at any time within those twenty-one days.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Revocation Right</U>. Executive further understands that he has seven days after signing
the Agreement to revoke it by delivering to &#091;<B>&#149;</B>&#093;, written notification of such revocation
within the seven day period. If Executive does not revoke the Agreement, the Agreement will
become effective and irrevocable by him on the eighth day after he signs it.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Entire Agreement</U>. Executive acknowledges that this Agreement sets forth the entire
agreement between the parties with respect to the subject matters hereof and supersedes any
and all prior agreements between the parties as to such matters, be they oral or in writing,
and may not be changed, modified, or rescinded except in writing signed by all parties hereto,
and any attempt at oral modification of this Agreement shall be void and of no force or
effect.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><U>Acknowledgement</U>. Executive acknowledges that he has carefully read this Agreement
and understands all of its terms, including the full and final release of claims set forth
above and enters into it voluntarily.</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">WITH EXECUTIVE&#146;S SIGNATURE HEREUNDER, EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE HAS
CAREFULLY READ THIS AGREEMENT AND UNDERSTANDS ALL OF ITS TERMS INCLUDING THE FULL
AND FINAL RELEASE OF CLAIMS SET FORTH ABOVE. EXECUTIVE FURTHER ACKNOWLEDGES THAT
EXECUTIVE HAS VOLUNTARILY ENTERED INTO THIS AGREEMENT; THAT EXECUTIVE HAS NOT RELIED
UPON ANY REPRESENTATION OR STATEMENT, WRITTEN OR UNWRITTEN, NOT SET FORTH IN THIS
AGREEMENT; THAT EXECUTIVE HAS BEEN GIVEN THE OPPORTUNITY TO HAVE THIS AGREEMENT
REVIEWED BY HIS ATTORNEY; AND THAT EXECUTIVE HAS BEEN ENCOURAGED BY THE COMPANY TO
DO SO.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 8%">EXECUTIVE ALSO ACKNOWLEDGES THAT EXECUTIVE HAS BEEN AFFORDED 21 DAYS TO CONSIDER
THIS AGREEMENT AND THAT EXECUTIVE HAS 7 DAYS AFTER SIGNING THIS AGREEMENT TO REVOKE
IT BY DELIVERING TO &#091;<B>&#149;</B>&#093;, AS SET FORTH ABOVE, WRITTEN NOTIFICATION OF EXECUTIVE&#146;S
REVOCATION.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the date
set forth above.
</DIV>



<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">EXECUTIVE<BR>
<BR>
<BR>
<div style="border-top: 1px solid #000000">&nbsp;</div>
<BR>
JOHN B. SANFILIPPO &#038; SON, INC.<BR>
<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top" style="border-top: 1px solid #000000">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000; border-top: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Its:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->24 of 24<!-- /Folio -->
</DIV>



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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>c62732exv10w2.htm
<DESCRIPTION>EX-10.2
<TEXT>
<HTML>
<HEAD>
<TITLE>exv10w2</TITLE>
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<BODY bgcolor="#FFFFFF">
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;10.2</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Amended and Restated<br>
John B. Sanfilippo &#038; Son, Inc.<br>
Sanfilippo Value Added Plan (&#147;SVA Plan&#148;)
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>I.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Purposes of the Plan</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The purpose of the Plan is to more closely link incentive cash compensation to the
creation of stockholder value. The Plan is intended to foster a culture of performance and
ownership, promote employee accountability, and establish a framework of manageable risks
imposed by variable pay. The Plan is also intended to reward long-term, continuing
improvements in stockholder value with an opportunity to participate in a portion of the
wealth created. The Plan is amended and restated effective as of January&nbsp;25, 2011.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>II.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Definitions</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>2011 Bonus Bank</B>&#148; has the meaning set forth in Section&nbsp;VI(B)(2)(a).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Actual Improvement</B>&#148; means the annual change in SVA, as determined under Section&nbsp;V(B)(1) of
the Plan, which can be positive or negative.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Annual Salary</B>&#148; means, with respect to a Participant, his or her annual base salary rate in
a particular fiscal year of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Board</B>&#148; means the Board of Directors of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Bonus Bank</B>&#148; means the amount of a Plan Participant&#146;s bonus potential that is not yet paid
and which is accounted for by the Company in a non-interest bearing book entry account until
such time as it may be paid in the form of a Bonus Paid pursuant to the terms of the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Bonus Declared&#148; </B>means the annual bonus amount for a Plan Year, as determined under Section
V of the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Bonus Interval&#148; </B>means the amount of SVA growth or diminution as a variance from Target SVA
Improvement that would either (A)&nbsp;result in the doubling of the Target Bonus for SVA
performance above Target SVA Improvement; or, (B)&nbsp;result in the realization of no Target
Bonus for SVA performance below Target SVA Improvement.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Bonus Paid</B>&#148; has the meaning set forth in Section&nbsp;VI(A).</TD>
</TR>




</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Capital Charge</B>&#148; means the Cost of Capital multiplied by the Company&#146;s aggregate
capital, as determined by the Committee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Cause</B>&#148; means, in the judgment of the Committee, (A)&nbsp;the breach by the Participant of any
employment agreement, employment arrangement or any other agreement with the Company or a
Subsidiary, (B)&nbsp;the Participant engaging in a business that competes with the Company or a
Subsidiary, (C)&nbsp;the Participant disclosing business secrets, trade secrets or confidential
information of the Company or a Subsidiary to any party, (D)&nbsp;dishonesty, misconduct, fraud
or disloyalty by the Participant, (E)&nbsp;misappropriation of corporate funds, or (F)&nbsp;such other
conduct by the Participant of an incompetent, insubordinate, immoral or criminal nature as
to have rendered the continued employment of the Participant incompatible with the best
interests of the Company and its Subsidiaries.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Change in Control</B>&#148; means the first date on which one of the following events occurs:</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">A. the consummation of a merger or consolidation of the Company with or into
another entity or any other corporate reorganization, if more than 50% of the combined
voting power of the continuing or surviving entity&#146;s securities outstanding immediately
after such merger, consolidation or other reorganization is owned by persons who were not
stockholders of the Company immediately prior to such merger, consolidation or other
reorganization;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">B. the sale, transfer or other disposition of all or substantially all of the
Company&#146;s assets;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">C. a change in the composition of the Board, as a result of which fewer than
one-half of the directors following such change in composition of the Board are directors
who either (1)&nbsp;had been directors of the Company on the date 24&nbsp;months prior to the date of
the event that may constitute a Change in Control (the &#147;<B>Original Directors</B>&#148;) or (2)&nbsp;were
elected, or nominated for election, to the Board with the affirmative votes of at least a
majority of the aggregate of (a)&nbsp;the Original Directors who were still in office at the time
of the election or nomination and (b)&nbsp;the directors whose election or nomination was
previously approved pursuant to this Clause (2); or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">D. any transaction as a result of which any &#147;person&#148; or &#147;group&#148; (as such terms are
used in Section 13(d) and 14(d) of the Exchange Act), other than one or more Permitted
Holders, or any group that is controlled by Permitted Holders, is or becomes the &#147;beneficial
owner&#148; (as defined in Rules&nbsp;13d-3 and 13d-5 under the Exchange Act), directly or indirectly,
of the voting securities of the Company representing at least 30% of the total voting power
of the Company (with respect to all matters other than the election of directors)
represented by the Company&#146;s then outstanding voting securities. For purposes of this Clause
(D), the term &#147;transaction&#148; shall include any conversion of the Class&nbsp;A Stock, whether or
not such conversion occurs in connection with a sale, transfer or other disposition of such
Class&nbsp;A Stock.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For purposes of this definition, (1)&nbsp;the term &#147;person&#148; shall exclude: (a)&nbsp;a trustee or other
fiduciary holding securities under an employee benefit plan of the Company or a company
controlled by the Company; and (b)&nbsp;a corporation owned directly or indirectly by the</TD>
</TR>

</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>stockholders of the Company in substantially the same proportions as their ownership of the
Common Stock (it being understood that for purposes of subsequently determining whether a
Change in Control has occurred, all references to the &#147;Company&#148; in the definition of Change
in Control shall be deemed to be references to the Company and/or such corporation, as
applicable); (2)&nbsp;the term &#147;group&#148; shall exclude any group controlled by any person
identified in Clause (1)(a) above and (c)&nbsp;the term &#147;control&#148; shall mean the possession,
directly or indirectly, of the power to direct or cause the direction of the management or
policies of a person, whether through the ownership of voting securities, by contract, or
otherwise, and the terms &#147;controlling&#148; and &#147;controlled&#148; have meanings correlative thereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Except as otherwise determined by the Committee, any spin-off of a division or subsidiary of
the Company to its stockholders will not constitute a Change in Control of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Class&nbsp;A Stock</B>&#148; means the Class&nbsp;A Common Stock, $.01 par value per share, of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Code</B>&#148; means the Internal Revenue Code of 1986, as amended.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Committee</B>&#148; has the meaning set forth in Section&nbsp;IV(A).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Common Stock</B>&#148; means the Common Stock, par value $.01 per share, of the Company, and any
other shares into which such Common Stock shall thereafter be exchanged by reason of a
recapitalization, merger, consolidation, split-up, combination, exchange of shares or the
like.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Company</B>&#148; means John B. Sanfilippo &#038; Son, Inc., a Delaware corporation, and its successors
and assigns.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Cost of Capital</B>&#148; means the Company&#146;s cost of equity plus its cost of debt, expressed as a
percentage, as determined by the Committee using a weighted average of the expected return
on the Company&#146;s debt and equity capital. Cost of Capital is intended to reflect the rate of
return that an investor could earn by choosing another investment with equivalent risk.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Declared Bonus Multiple</B>&#148; means the multiple determined in accordance with Section&nbsp;V(B)(4)
of the Plan for purposes of determining a Participant&#146;s Bonus Declared.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Disability</B>&#148; means a Participant is (A)&nbsp;unable to engage in any substantial gainful activity
by reason of any medically determinable physical or mental impairment which can be expected
to result in death or can be expected to last for a continuous period of not less than 12
months, or (B)&nbsp;by reason of any medically determinable physical or mental impairment which
can be expected to result in death or can be expected to last for a continuous period of not
less than 12&nbsp;months, receiving income replacement benefits for a period of not less than 3
months under an accident and health plan covering employees of the Company or Subsidiary;
or, if different, as may be defined for purposes of Section&nbsp;409A.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Exchange Act</B>&#148; means the Securities Exchange Act of 1934, as amended.</TD>
</TR>




</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Excess Improvement</B>&#148; has the meaning set forth in Section&nbsp;V(B)(2).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Guidelines</B>&#148; has the meaning set forth in Section&nbsp;IV(B)(3).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>NOPAT</B>&#148; means the Company&#146;s net operating profit after tax, as determined by the Committee
from the Company&#146;s audited financial statements.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Participant</B>&#148; has the meaning set forth in Section&nbsp;III.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Performance Target Bonus</B>&#148; means the annual Bonus Declared a Participant would be paid or
credited with, if any, for a Plan Year if Actual Improvement equaled Target SVA Improvement,
determined by multiplying a Participant&#146;s Annual Salary for that Plan Year by the
Participant&#146;s Performance Target Bonus Percentage for that Plan Year.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Performance Target Bonus Percentage</B>&#148; means the percentage of a Participant&#146;s Annual Salary,
as established or approved by the Committee for purposes of determining a Participant&#146;s
Performance Target Bonus.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Permitted Holder</B>&#148; means:</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">E. Jasper B. Sanfilippo (&#147;<B>Jasper</B>&#148;), Mathias A. Valentine, (&#147;<B>Mathias</B>&#148;), a spouse of
Jasper, a spouse of Mathias, any lineal descendant of Jasper or any lineal descendant of
Mathias (collectively referred to as the &#147;<B>Family Members</B>&#148;);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">F. a legal representative of a deceased or disabled Family Member&#146;s estate,
provided that such legal representative is a Family Member;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">G. a trustee of any trust of which all the beneficiaries (and any donees and
appointees of any powers of appointment held thereunder) are Family Members and the trustee
of which is a Family Member;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">H. a custodian under the Uniform Gifts to Minors Act or Uniform Transfers to
Minors Act for the exclusive benefit of a Family Member, provided that such custodian is a
Family Member;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">I. any corporation, partnership or other entity, provided that at least 75% of the
equity interests in such entity (by vote and by value) are owned, either directly or
indirectly, in the aggregate by Family Members;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">J. any bank or other financial institution, solely as a bona fide pledgee of
shares of Class&nbsp;A Stock by the owner thereof as collateral security for indebtedness due to
the pledgee; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 3%">K. any employee benefit plan, or trust or account held thereunder, or any savings
or retirement account (including an individual retirement account), held for the exclusive
benefit of a Family Member.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Page | 4<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Plan</B>&#148; means the Amended and Restated John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added
Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Plan Year</B>&#148; means the fiscal year of the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Retirement</B>&#148; means a Participant&#146;s termination of employment, other than for Cause, either:
(A)&nbsp;on or after age 65, or (B)&nbsp;on or after age 55 if the Participant has been credited with,
at least, 10 full years of employment at the time of his termination of employment.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Section&nbsp;409A</B>&#148; means Code Section&nbsp;409A and all applicable rules and regulations related
thereto.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Shortfall</B>&#148; has the meaning set forth in Section&nbsp;V(B)(3).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Subsidiary</B>&#148; means any corporation at least eighty percent (80%) of the outstanding
voting stock of which is owned by the Company.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>SVA</B>&#148; means the &#147;stockholder value added&#148; of the Company determined each Plan Year by
deducting the Company&#146;s Capital Charge from NOPAT, as determined by the Committee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Target Bonus</B>&#148; means the annual bonus a Participant may be paid which shall be based on one
or more of the following with weightings as determined by the Committee: Actual Improvement
(with a minimum weighting of eighty percent (80%))and individual Participant performance.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Target SVA Improvement</B>&#148; means the targeted improvement in annual SVA growth as determined
by the Committee pursuant to Section&nbsp;V(A)(1)(c).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Termination for Cause</B>&#148; means a determination by the Committee following a Participant&#146;s
termination of employment for any reason that, prior to such termination of employment,
circumstances constituting Cause existed with respect to such Participant.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;<B>Termination Year</B>&#148; has the meaning set forth in Section&nbsp;VI(C)(2)(b).</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>III.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Eligibility</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>An employee of the Company or a Subsidiary who, individually or as part of a group, is
selected by the Committee to be eligible to participate in the Plan for the Plan Year shall
become a Participant as of the first day of such Plan Year, unless otherwise determined by
the Committee.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" nowrap align="left"><B>IV.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Administration</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>A.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>The Committee</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Compensation Committee of the Board shall be the Committee hereunder unless
a new, independent committee is selected by the Board. For this purpose, a new
Committee will be deemed independent if it is comprised solely of two or more
</TD>
</TR>
</TABLE>
</DIV>
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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>directors who are &#147;independent directors&#148; within the meaning of the The Nasdaq Stock
Market, Inc.&#146;s rules and regulations.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>B.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Powers</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Committee shall have full and exclusive discretionary power to:</TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">1. Interpret the Plan,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">2. To determine those employees of the Company and its Subsidiaries who are eligible
to participate in the Plan,
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">3. Adopt such rules, regulations, and guidelines (including the establishment of
performance criteria) the &#147;<B>Guidelines</B>&#148;, for administering the Plan as the Committee
may deem necessary or proper, including the full discretion not to make payment of
any or all of the Bonus Paid determined in Section&nbsp;VI, and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">4. Except to the extent prohibited by applicable law or the applicable rules of a
stock exchange, or inconsistent with the Company&#146;s Bylaws or Committee charter,
allocate all or any portion of its responsibilities and powers under this Plan to
any one or more of its members or delegate all or any part of its responsibilities
and powers to any person or persons selected by it. Such delegation shall include,
unless limited by its terms, all of the responsibility and authority held by the
Committee hereunder, and any such allocation or delegation may be revoked by the
Committee at any time.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>C.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Adjustment to Payments</B></TD>
</TR>

</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">1. Subject to final approval of the Committee, individual Participant payments
may be subject to change by recommendation of the Participant&#146;s manager and senior
management team, with consideration given to the individual&#146;s job performance.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">2. If a Participant violates any Company policy, the Company retains the right to
declare forfeited any award granted to a Participant hereunder, to the extent it
remains unpaid; provided, however, that in the event that a Participant&#146;s prior Plan
Year Bonus Paid has not yet been paid at the time the Company declares such
Participant&#146;s award forfeited, such forfeited amounts shall be distributed to other
Participant(s) on a pro rata basis, or distributed to other Participant(s) as
otherwise determined by the Committee.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">3. If (a)&nbsp;the Company is required to prepare an accounting restatement due to the
material noncompliance of the Company with any financial reporting requirement under
securities laws, (b)&nbsp;the Committee determines a Termination for Cause occurred with
respect to a Participant or (c)&nbsp;the Company is required by law, rule or regulation
or the rules of the stock exchange on which the Company&#146;s securities are listed to
&#147;clawback&#148;
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">any amounts paid hereunder, the Committee may require any or all of the following:
(i)&nbsp;any award granted to the Participant hereunder, to the extent it remains unpaid
at the time of the restatement, be forfeited; provided, however, that in the event
that a Participant&#146;s prior Plan Year Bonus Paid has not yet been paid at the time
the Committee declares such Participant&#146;s award forfeited, such forfeited amounts
shall be distributed to other Participant(s) on a pro rata basis, or distributed to
other Participant(s) as otherwise determined by the Committee; and (ii)&nbsp;the
Participant shall pay to the Company in cash all of the amounts paid hereunder
during the three-year period (or such other period as determined by the Committee)
prior to the date the Company is required to prepare the financial restatement based
on the erroneous data or the Participant&#146;s termination of employment, as the case
may be, together with any other amounts which may be required to be paid under any
law, rule or regulation or the rules of the stock exchange on which the Company&#146;s
securities are listed.
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>D.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Third-Party Advisors</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Committee may employ attorneys, consultants, accountants, and other
persons. The Board, Committee, the Company and its officers shall be entitled to
rely upon the advice or opinion of such persons.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>E.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Binding Effect of Committee Actions</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>All actions taken and all interpretations and determinations made by the
Committee shall be final and binding upon the Participants, the Company, and all
other interested persons. No member of the Committee shall be personally liable for
any action, determination, or interpretations made in good faith with respect to the
Plan. All members of the Committee shall be fully protected and indemnified by the
Company, to the fullest extent permitted by applicable law, in respect of any such
action, determination, or interpretation of the Plan.</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>F.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Foreign Jurisdiction</B></TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The Committee shall have the discretion to modify or amend the Plan, or adopt
additional terms and/or conditions, as may be deemed necessary or advisable in order
to comply with the local laws and regulations of any jurisdiction.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>V. Determination of Bonus Declared</B>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left"><B>A.</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Determination of SVA and Actual Improvement</B></TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>1. <B>Beginning of Plan Year Determinations</B>. At the beginning of each applicable
Plan Year, the following determinations shall be made:</TD>
</TR>

</TABLE>
</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="2%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a) The Committee shall determine, or approve the determination of, the
Company&#146;s annual SVA as of the end of the preceding Plan Year.</TD>
</TR>

</TABLE>
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">b) The Committee shall determine or approve Performance Target Bonus
Percentages for each Participant and the Company&#146;s Cost of Capital for the
applicable Plan Year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">c) The Committee shall establish the Target SVA Improvement and the Bonus
Interval for the applicable Plan Year, which standards may be set by the
Committee for one or more Plan Years.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">2. <B>End of Plan Year Determinations. </B>As of the end of each applicable Plan Year, the
following determinations shall be made:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">a) The Committee shall determine the Company&#146;s annual SVA as of the end of
the Plan Year and the resulting Actual Improvement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">b) The Committee shall determine, or approve the determination of, the
Declared Bonus Multiple for such Plan Year, consistent with the terms of the
Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;Determination of Bonus Declared</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">Each Participant shall be credited with a Bonus Declared, if any, for a Plan
Year according to the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">1. The Actual Improvement in SVA for a Plan Year shall be determined by subtracting
the SVA for the immediately preceding Plan Year (or such other amount as determined
by the Committee) from the SVA for the Plan Year.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">2. If the Actual Improvement exceeds the Target SVA Improvement, the amount of that
excess shall be the &#147;<B>Excess Improvement</B>&#148;;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">3. If the Target SVA Improvement exceeds the Actual Improvement, the amount of that
excess shall be the &#147;<B>Shortfall</B>&#148;;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">4. The Declared Bonus Multiple shall be determined by comparing the Excess
Improvement or Shortfall to the Target SVA Improvement and Bonus Interval, according
to the following:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">a) If the Actual Improvement equals the Target SVA Improvement, the Declared
Bonus Multiple shall equal one (1).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">b) If the Actual Improvement exceeds the Target SVA Improvement, the
Declared Bonus Multiple shall equal the Excess Improvement divided by the
Bonus Interval, plus one (1); <I>provided, however</I>, that after the 2011 Plan
Year, in no event shall the Declared Bonus Multiple be greater than 2.0.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">c) If the Actual Improvement is less than the Target SVA Improvement, the
Declared Bonus Multiple shall equal the Shortfall (expressed as a negative
</DIV>

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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">number) divided by the Bonus Interval, plus one (1); <I>provided, however</I>, that
after the 2011 Plan Year, in no event shall the Declared Bonus Multiple be
less than 0.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">5. The Bonus Declared for each Participant shall equal the Participant&#146;s Performance
Target Bonus, multiplied by the Declared Bonus Multiple.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">6. A Participant&#146;s Bonus Declared may be based upon the Declared Bonus Multiple for
the Company only, or at the discretion of the Committee, a Participant&#146;s Bonus
Declared may be based upon the Declared Bonus Multiple for a particular division,
operation, or Subsidiary of the Company, or combination thereof as determined by the
Committee.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>VI. Payment of Bonus Paid</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;Bonus Paid</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The bonus payable to a Participant with respect to the applicable Plan Year, if
any (&#147;<B>Bonus Paid</B>&#148;), shall be determined as set forth in Section&nbsp;VI(B). For the 2013
Plan Year, a Participant&#146;s Bonus Bank shall also be paid to the Participant as
provided in Section&nbsp;VI(B)(2)(d).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;Determination of Bonus Paid &#038; Bonus Bank Elimination</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">1. Beginning with the 2012 Plan Year and thereafter, the Participant&#146;s Bonus
Paid shall be the Participant&#146;s Bonus Declared calculated in accordance with Section
V(B)(5).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">2. The Bonus Paid for the 2011 Plan Year will be calculated as follows:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">a) <U>Bonus Bank Calculation for 2011 Plan Year</U>. For the 2011 Plan
Year, the Participant&#146;s Bonus Bank will be credited with the Participant&#146;s
Bonus Declared (which may be positive or negative). The resulting amount in
the Participant&#146;s Bonus Bank is referred to as the &#147;<B>2011 Bonus Bank</B>&#148;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">b) <U>2011 Bonus Bank Negative or Equal to Zero</U>. If a Participant&#146;s
2011 Bonus Bank is negative or equal to zero, then there shall be no Bonus
Paid to such Participant for the 2011 Plan Year, and the Participant&#146;s
Bonus Bank (whether negative or equal to zero) shall thereafter be
extinguished.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">c) <U>2011 Bonus Bank between Zero and 1.2 times Performance Target
Bonus</U>. If a Participant&#146;s 2011 Bonus Bank is between zero and 1.2
times such Participant&#146;s fiscal 2011 Plan Year Performance Target Bonus,
then the Participant&#146;s Bonus Paid shall be an amount that is equal the Participant&#146;s
2011 Bonus Bank, and the Participant&#146;s Bonus Bank shall thereafter be
extinguished.
</DIV>

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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>





<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">d) <U>Bonus Bank greater than 1.2 times Performance Target Bonus</U>. If a
Participant&#146;s 2011 Bonus Bank is equal to or greater than 1.2 times such
Participant&#146;s fiscal 2011 Plan Year Performance Target Bonus, then the
Participant&#146;s Bonus Paid shall be 1.2 times the Participant&#146;s fiscal 2011
Plan Year Performance Target Bonus. Thereafter, the Participant&#146;s remaining
Bonus Bank (after deducting the Bonus Paid for the 2011 Plan Year) shall be
paid to the Participant in cash at the time the 2013 Plan Year Bonus Paid is
paid to the Participant pursuant to Section&nbsp;VI(B)(1) above; provided,
however, that if a Participant, on the day that the Company pays the Bonus
Paid for the 2011 Plan Year, is (or will be, on or before the last day of
the 2012 Plan Year) (i)&nbsp;65&nbsp;years or older or (b)&nbsp;55&nbsp;years or older and has
been credited with at least 10 full years of employment, then such
Participant shall receive the remaining Bonus Bank at the time that the
Bonus Paid for the 2011 Plan Year is paid and such Participant&#146;s Bonus Bank
shall thereafter be extinguished.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">3. The Bonus Paid shall be paid by the Company within thirty (30)&nbsp;days following the
Committee&#146;s determination of the Declared Bonus Multiple, but in no event earlier
than the first day of the Plan Year following the applicable Plan Year and no later
than the fifteenth (15<SUP style="FONT-size: 85%; vertical-align: text-top">th</SUP>) day of the third month following the end of the
applicable Plan Year. The Bonus Paid or any payment of the Bonus Bank determined
under this subsection shall not vest until such time as the date on which it is
paid; provided, however, that in the event that a Participant&#146;s prior Plan Year
Bonus Paid or Bonus Bank has not yet been paid at the time such Participant&#146;s award
is forfeited pursuant to the terms of this Plan, such forfeited amounts shall be
distributed to other Participant(s) on a pro rata basis, or distributed to other
Participant(s) as otherwise determined by the Committee.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">4. Subsequent to either the 2011 Plan Year or 2013 Plan Year, as determined pursuant
to Section&nbsp;VI(B)(2)(b)-(c) or Section&nbsp;VI(B)(2)(d), respectively, Bonus Banks will no
longer exist.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>C.&nbsp;Payment Upon Termination of Employment</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">1. <B>In General</B>. Subject to Section&nbsp;IV(C)(3) and except as specified below, and
unless otherwise determined by the Committee, in the event a Participant&#146;s
employment is terminated for any reason, including by the Company for Cause or by
the Participant for any reason, or the Participant becomes ineligible to participate
in the Plan, (a)&nbsp;the Participant shall not earn or be paid any Bonus Declared or
Bonus Paid for the Plan Year in which the termination occurs, (b)&nbsp;in the event that
the prior Plan Year Bonus Paid has not yet been paid, the Participant shall not earn
or be paid any Bonus Declared or Bonus Paid for such prior Plan Year; provided,
however, that any amounts
forfeited pursuant to this VI(C)(1)(b) shall be distributed to other Participant(s)
on a pro rata basis, or distributed to other Participant(s) as otherwise determined
by the Committee, (c)&nbsp;unless otherwise determined by the Committee, the full amount
of the
</DIV>

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</DIV>

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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">Participant&#146;s Bonus Bank (if any) shall be forfeited in its entirety as of
the termination date, and (d)&nbsp;the Participant shall have no rights or interests in
the Plan thereafter. Any payments made under this Section&nbsp;VI(C)(1) at the discretion
of the Committee shall be within the time set forth in Section&nbsp;VI(B) and the
Participant shall have no rights or interests in the Plan thereafter.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">2. <B>Upon Death, Disability, Retirement, or Termination by the Company Other than for
Cause. </B>Subject to Section&nbsp;IV(C)(3), in the event of a Participant&#146;s death,
Disability, Retirement or termination by the Company other than for Cause:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">a) To the extent not previously paid, any Bonus Paid or payment of the Bonus
Bank pursuant to Section&nbsp;VI(B)(2)(d) with respect to the Plan Year preceding
the Plan Year in which termination occurs shall be considered vested and
earned in accordance with the terms of Section&nbsp;VI(B) and shall be paid by
the Company to the former Participant, or in the event of his or her death,
to his or her estate or designated beneficiary, within the time set forth in
Section&nbsp;VI(B) and the Participant shall have no rights or interests in the
Plan thereafter.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">b) With respect to the Plan Year in which the termination occurs (the
&#147;<B>Termination Year</B>&#148;), a Participant shall receive a Bonus Paid determined in
accordance with Section&nbsp;VI(B) of the Plan, multiplied by a fraction, the
numerator of which shall equal the total number of days during the
Termination Year in which the Participant was employed by the Company, and
the denominator of which shall be 365. Thereafter, following the payment, if
any, of the Bonus Paid for the Termination Year, the full amount of the
Participant&#146;s Bonus Bank (if any) shall be considered vested and earned as
of the termination date and shall be paid by the Company to the former
Participant, or in the event of his or her death, to his or her estate or
designated beneficiary, in one lump sum and the Participant shall have no
rights or interests in the Plan thereafter.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">3. Condition of Payments. At the discretion of the Committee, any payment hereunder
that is due to termination of employment by the Company or by the Participant may be
subject to a requirement that the Participant execute a release of claims (including
claims relating to age discrimination) against the Company and its Subsidiaries and
related persons at the time and in the form determined by the Company from time to
time.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Page | 11 <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>VII. General Provisions</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;No Right to Employment or Participation</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">No Participant or other person shall have any claim or right to be retained in
the employment of the Company or a Subsidiary by reason of the Plan or any Bonus
Declared, Bonus Paid or Bonus Bank. Selection for eligibility to participate in the
Plan for any given Plan Year shall not entitle the Participant to participate in any
subsequent Plan Year. In the event a Participant is not selected to participate in a
subsequent Plan Year, such Participant&#146;s Bonus Bank (if any) shall remain unchanged
for such year and Participant shall not be entitled to any payment of such Bonus
Bank unless and until such Participant again becomes eligible or is again selected
to participate in the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;Plan Expenses</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The expenses of the Plan and its administration shall be borne by the Company.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>C.&nbsp;Plan Not Funded</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The Plan shall be unfunded. The Company shall not be required to establish any
special or separate fund or to make any other segregation of assets to assure the
payment of any Bonus Declared, Bonus Paid or Bonus Bank under the Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>D.&nbsp;Reports</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The appropriate officers of the Company shall cause to be filed any reports,
returns, or other information regarding the Plan, as may be required by applicable
statute, rule, or regulation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>E.&nbsp;Governing Law</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">The validity, construction, and effect of the Plan, and any actions relating to
the Plan, shall be determined in accordance with the laws of the state of Illinois
and applicable federal law, without regard to the conflicts of laws provisions of
any state.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>VIII. Amendment and Termination of the Plan; Change in Control; 409A</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>A.&nbsp;Amendment and Termination of the Plan.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">1. The Board may, from time to time, amend the Plan in any respect, or may
discontinue or terminate the Plan at any time, provided, however, that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">a) <U>Impact on Existing Rights</U>. Except as required by law, no
amendment, discontinuance or termination of the Plan shall alter or
otherwise affect the amount credited to a Participant&#146;s Bonus Bank or affect
the amount of a Bonus Declared prior to the date of termination;
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Page | 12 <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">b) <U>Impact on SVA Performance Measurement System</U>. No amendment shall
be made which would replace the SVA performance measurement system for
purposes of determining the Bonus Declared under the Plan during a Plan Year
for such Plan Year, provided that the Board or Committee shall have the
authority to adjust and establish Target SVA Improvement, Performance Target
Bonus Percentages, and other criteria utilized in the SVA performance
measurement system; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 7%">c) <U>Consequence of Full Termination of Plan</U>. In the event of the
termination of this Plan, the full amount, if any, then credited to a
Participant&#146;s Bonus Bank shall be paid in full within sixty (60)&nbsp;days
following the effective date of termination, but in no event later than the
fifteenth (15<SUP style="FONT-size: 85%; vertical-align: text-top">th</SUP>) day of the third month following the Plan Year
in which the Plan is terminated. If the Plan is terminated prior to the end
of a Plan Year, the Bonus Declared for that Plan Year shall be determined
and paid to a Participant as set forth in Section&nbsp;VI of the Plan, assuming
that Target SVA Improvement for that Plan Year had been achieved, then
pro-rated for the actual number of days in the Plan Year before the Plan was
terminated. In each case any such payment shall be subject to the terms and
conditions of this Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>B.&nbsp;Consequence of Change in Control</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">1. The following rules shall apply to the determination of a Change in Control:
(a)&nbsp;any event listed in the definition of &#147;Change in Control&#148; that the Committee
elects not to treat as a Change in Control of the Company prior to the occurrence of
a Change in Control shall not constitute a Change in Control; and (b)&nbsp;upon a
determination by the Committee in its discretion, any other event substantially
similar to an event described in the definition of &#147;Change in Control&#148; shall be a
Change in Control.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">2. The Committee shall determine the treatment of the Bonus Paid to Participants and
Bonus Banks (if any) prior to a Change in Control, except that to the extent that
the Committee takes no action (and except as otherwise expressly provided for in the
Guidelines), in the event of a Change in Control, (a)&nbsp;the Bonus Declared for that
Plan Year shall be determined as set forth in Section&nbsp;VI of the Plan, but assuming
that Target SVA Improvement for that Plan Year had been achieved, and prorating it
for the actual number of days in the Plan Year before the Change in Control and such
Bonus Paid shall be paid within the sixty (60)&nbsp;day period following the effective
time of the Change in Control and (b)&nbsp;after taking into account the payment
described in Clause (a), the full amount, if any, then credited to a Participant&#146;s
Bonus Bank shall be paid in full within the sixty (60)&nbsp;day period following the
effective time of the Change in Control.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">3. Except as expressly provided for in the Guidelines, the Committee may elect prior
to a Change in Control, that, in the event of a Change in Control, the Plan shall
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->Page | 13 <!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><I>John B. Sanfilippo &#038; Son, Inc. Sanfilippo Value Added Plan</I>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">continue on in full force and effect or be assumed or an equivalent Plan be
implemented by the successor corporation in any Change in Control transaction, or
parent or subsidiary of such successor corporation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>C.&nbsp;Section&nbsp;409A</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">This Plan is intended to be exempt from Section&nbsp;409A. However, to the extent
Section&nbsp;409A applies to any payment hereunder, notwithstanding anything to the
contrary in this Plan the following shall apply:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">1. To the extent required in order to avoid accelerated taxation and/or tax
penalties under Section&nbsp;409A, amounts that would otherwise be payable pursuant to
this Plan during the six-month period immediately following the Participant&#146;s
termination of employment shall instead be paid on the first business day after the
date that is six months following the Participant&#146;s &#147;separation from service&#148; within
the meaning of Section&nbsp;409A;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">2. A Participant shall not be entitled to any payments resulting from or arising due
to a &#147;termination of employment&#148;, &#147;termination&#148; or &#147;retirement&#148; (or other similar
term having a similar import) unless (and until) such Participant has &#147;separated
from service&#148; within the meaning of Section&nbsp;409A; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 5%">3. To the extent any provision of the Plan or action by the Committee would subject
any Participant to liability for interest or additional taxes under Section&nbsp;409A, it
will be deemed null and void, to the extent permitted by law and deemed advisable by
the Committee. It is intended that the Plan will be exempt from Section&nbsp;409A (or if
subject to Section&nbsp;409A, compliant with Section&nbsp;409A), and the Plan shall be
interpreted and construed on a basis consistent with such intent. The Plan may be
amended in any respect deemed necessary (including retroactively) by the Board in
order to preserve exemption from (or compliance with) Section&nbsp;409A. The preceding
shall not be construed as a guarantee of any particular tax effect for Plan
payments. A Participant is solely responsible and liable for the satisfaction of
all taxes and penalties that may be imposed on such person in connection with any
payments to such person under the Plan (including any taxes and penalties under
Section&nbsp;409A), and the Company (or any affiliate or subsidiary) shall have no
obligation to indemnify or otherwise hold a Participant harmless from any or all of
such taxes or penalties.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->Page | 14 <!-- /Folio -->
</DIV>



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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>c62732exv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit&nbsp;99.1
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="c62732c6273200.gif" alt="(JOHN B. SANFILIPPO&#038;SON,INC. LOGO)">
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt">1703 N. Randall Rd. | Elgin, IL 60123-7820 U.S.A. | <B>P 847.289.1800 F 847.289.1843</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>JOHN B. SANFILIPPO &#038; SON, INC.<BR>
NEWS RELEASE</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top" nowrap><DIV style="margin-left:0px; text-indent:-0px"><B>COMPANY CONTACT:</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Michael J. Valentine</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Chief Financial Officer</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>847-214-4509</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>FOR IMMEDIATE RELEASE<br>
WEDNESDAY, JANUARY 26, 2011</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Elgin, IL, January&nbsp;26, 2011&#151; John B. Sanfilippo &#038; Son, Inc. (Nasdaq: JBSS)</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(the &#147;Company&#148;) today announced an increase in the size of its Board of Directors to nine and the
election of Ellen Connelly Taaffe as director.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ms.&nbsp;Taaffe currently is President of Smith-Dahmer Associates LLC, a custom market research firm for
Fortune 500 clients and not-for-profit organizations. Ms.&nbsp;Taaffe has previously held senior
executive marketing positions at Whirlpool Corporation, Royal Caribbean Cruises Limited and
PepsiCo, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Ms.&nbsp;Taaffe received a B.S. degree in marketing from the University of Florida and an MBA from the
Kellogg School of Management, Northwestern University.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Jeffrey T. Sanfilippo, Chairman and Chief Executive Officer said, &#147;With a career that spans over
twenty years in the marketing field, Ellen brings an outstanding combination of talents and
experiences to our Board. We look forward to her contributions and assistance as the Company
increases its investments in consumer research and marketing and executes key strategies to grow
our Brands.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">John B. Sanfilippo &#038; Son, Inc. is a processor, packager, marketer and distributor of nut based
products that are sold under a variety of private labels and under the Company&#146;s Fisher<SUP style="FONT-size: 85%; vertical-align: text-top">&#174;</SUP>, Orchard
Valley Harvest<SUP style="FONT-size: 85%; vertical-align: text-top">TM</SUP> and Sunshine Country<SUP style="FONT-size: 85%; vertical-align: text-top">&#174;</SUP> brand names.
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio --><!-- /Folio -->
</DIV>




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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
