<SEC-DOCUMENT>0000950123-11-055594.txt : 20110601
<SEC-HEADER>0000950123-11-055594.hdr.sgml : 20110601
<ACCEPTANCE-DATETIME>20110601060101
ACCESSION NUMBER:		0000950123-11-055594
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110525
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110601
DATE AS OF CHANGE:		20110601

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CALAVO GROWERS INC
		CENTRAL INDEX KEY:			0001133470
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE SERVICES [0700]
		IRS NUMBER:				330945304
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-33385
		FILM NUMBER:		11883580

	BUSINESS ADDRESS:	
		STREET 1:		2530 RED HILL AVE.
		CITY:			SANTA ANA
		STATE:			CA
		ZIP:			92705
		BUSINESS PHONE:		9098334200
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
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<FILENAME>v59632e8vk.htm
<DESCRIPTION>FORM 8-K
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<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 PURSUANT<BR>
TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

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

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>CALAVO GROWERS, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
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    <TD align="center" valign="top"><B>California</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>000-33385</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>33-0945304</B></TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other
Jurisdiction of <BR>
Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer<BR>
Identification No.)</TD>
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</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>1141-A Cummings Road, Santa Paula, California 93060</B></DIV>

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 45%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Address of Principal Executive Offices) (Zip Code)</DIV>


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

<DIV align="center"><DIV style="font-size: 3pt; margin-top: 1pt; width: 45%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Former Name or Former Address, if Changed Since Last Report)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Registrant&#146;s telephone number, including area code: <B>(805)&nbsp;525-1245</B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
</DIV>


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

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    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</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%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</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%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR
240.14d-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%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><FONT style="font-family: Wingdings">&#111;</FONT></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))</TD>
</TR>

</TABLE>
</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>











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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;1.01 Entry into a Material Definitive Agreement.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Summary</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calavo Growers, Inc. (&#147;Calavo&#148; or &#147;we&#148;), CG Mergersub LLC (&#147;Newco&#148;), Renaissance Food
Group, LLC (&#147;RFG&#148;) and Liberty Fresh Foods, LLC, Kenneth Catchot, Cut Fruit, LLC, James Catchot, James
Gibson, Jose O. Castillo, Donald L. Johnson and RFG Nominee Trust
(collectively, the &#147;Sellers&#148;)
entered into an Agreement and Plan of Merger dated May&nbsp;25, 2011 (the &#147;Acquisition Agreement&#148;),
which sets forth the terms and conditions pursuant to which Calavo
proposes to acquire a 100&nbsp;percent ownership
interest in RFG. Pursuant to the Acquisition Agreement, Newco, a
newly formed Delaware limited liability company and
wholly-owned subsidiary of Calavo, will merge with and into RFG, with RFG as the surviving entity. RFG is a fresh-food company that produces, markets, and
distributes nationally a portfolio of healthy, high quality lifestyle products for consumers via
the retail channel. We expect to close such acquisition on June&nbsp;1, 2011.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the Acquisition Agreement, we agreed to pay on the closing date
approximately $16
million, payable in a combination of cash and shares of unregistered
Calavo common stock, as described below in greater detail. In
addition, if RFG attains specified financial goals for certain 12-month periods
prior to the fifth anniversary of the closing, we have agreed to pay RFG up to an additional approximate $80&nbsp;million in earn-out
consideration, payable in cash and shares of unregistered Calavo
common stock, as described below in greater detail. As a result, if the maximum earn-out consideration is earned, the total consideration payable to RFG
pursuant to the Acquisition Agreement will be approximately
$100&nbsp;million from the time of closing to the end of the
five-year earn-out period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consummation of
the merger contemplated by the Acquisition Agreement is subject to various, customary closing conditions.
The Acquisition Agreement contains covenants, representations and warranties of Calavo and RFG
that are customary for transactions of this type. Prior to entering into the Acquisition
Agreement, and other than with respect to the Acquisition Agreement, neither we, nor any of our
officers, directors, or affiliates had any material relationship with
RFG or the Sellers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Consideration at close</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
have agreed to pay the Sellers at closing $15&nbsp;million in cash,
subject to certain adjustments, and to issue to the Sellers 43,000 shares of
unregistered Calavo common stock. All of the stock consideration payable at closing will be held
in escrow as security for potential closing adjustments and
indemnification obligations of the Sellers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Earn-out Consideration</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>1</I><I><SUP style="FONT-size: 85%; vertical-align: text-top">st</SUP> earn-out payment</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
RFG&#146;s earnings before interest, taxes, depreciation and
amortization (&#147;EBITDA&#148;) for any 12-month period commencing
after the closing date and ending prior to the fifth anniversary of
the closing date, is equal to or greater than $8.0
million, and RFG has concurrently reached a corresponding revenue
achievement, we have agreed to pay the Sellers $5&nbsp;million in
cash and to issue to the Sellers 827,000 shares of unregistered Calavo common stock, representing total consideration
of approximately $24&nbsp;million. This represents the maximum that can be awarded pursuant to the
1<SUP style="FONT-size: 85%; vertical-align: text-top">st</SUP>
earn-out payment. In the event that the maximum EBITDA and revenue
achievements have not been reached within five years after the
closing date, but RFG&#146;s 12-month EBITDA during such period
equals or exceeds $6&nbsp;million and RFG has concurrently reached a corresponding
revenue achievement, a sliding-scale, as defined, will be used to calculate payment. The minimum
amount to be paid in the sliding-scale related to the 1<SUP style="FONT-size: 85%; vertical-align: text-top">st</SUP> earn-out
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">payment is approximately $14&nbsp;million, payable in both cash and shares of unregistered Calavo
common stock. RFG has five years to achieve any consideration pursuant to the 1<SUP style="FONT-size: 85%; vertical-align: text-top">st</SUP>
earn-out payment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>2</I><I><SUP style="FONT-size: 85%; vertical-align: text-top">nd</SUP> earn-out payment</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assuming that the maximum earn-out payment has been achieved in the 1<SUP style="FONT-size: 85%; vertical-align: text-top">st</SUP> earn-out
payment, if RFG&#146;s EBITDA, for a 15-month period commencing after the closing date and ending prior to the
fifth anniversary of the closing date, is equal to or greater than
$15.0&nbsp;million for each of the 12-month periods therein, and RFG has concurrently reached  a corresponding revenue achievement, we
have agreed to pay the Sellers $50&nbsp;million in cash and to issue
to the Sellers 434,783 shares of unregistered Calavo common
stock, representing total consideration of approximately $60&nbsp;million. This represents the maximum
that can be awarded pursuant to the 2<SUP style="FONT-size: 85%; vertical-align: text-top">nd</SUP> earn-out payment.
In the event that the maximum EBITDA and revenue achievements have
not been reached within five years after the closing date, but
RFG&#146;s 12-month EBITDA during such period equals or exceeds $10&nbsp;million,
and RFG has concurrently reached a corresponding revenue achievement, a sliding-scale will be used to calculate
payment. The minimum amount to be paid in the sliding-scale related to the 2<SUP style="FONT-size: 85%; vertical-align: text-top">nd</SUP> earn-out
payment is approximately $27&nbsp;million, payable in both cash and shares of unregistered Calavo common
stock. RFG has five years to achieve any consideration pursuant to the 2<SUP style="FONT-size: 85%; vertical-align: text-top">nd</SUP> earn-out
payment.
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection
with the Acquisition Agreement, prior to closing RFG will enter into
ten year leases with the landlords of its packing facilities.</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Management</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In connection with the Acquisition Agreement, certain of RFG&#146;s key employees have agreed to
enter into employment and noncompetition agreements with us, effective as of the closing date.
Unless terminated earlier as provided therein, the employment
agreements have a term corresponding with the earn-out payment
periods described above, and provide for compensation to such
employees substantially similar to the compensation of such employees
prior to the merger, subject to reduction in certain events.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>The foregoing descriptions of the terms, conditions and restrictions of the Acquisition
Agreement are not intended to be complete and are qualified in their
entirety by the complete text of the Acquisition Agreement, a copy of
which is attached as Exhibit 2.1 hereto and incorporated herein by
reference.</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7.01 Regulation&nbsp;FD Disclosure</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Press Release</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May&nbsp;26, 2011, Calavo issued a press release announcing the execution of the Acquisition
Agreement, which is attached hereto as Exhibit&nbsp;99.1. The information contained in the press
release attached hereto is being furnished and shall not be deemed filed for purposes of Section&nbsp;18
of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), or otherwise subject to
the liability of that Section, and shall not be incorporated by reference into any registration
statement or other document filed under the Securities Act or the Exchange Act, except as shall be
expressly set forth by specific reference in such filing.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01. Financial Statements and Exhibits.</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="10%" nowrap align="left">2.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Agreement and Plan of Merger dated May&nbsp;25, 2011 among Calavo
Growers, Inc., CG Mergersub LLC, Renaissance Food Group, LLC and
Liberty Fresh Foods, LLC, Kenneth Catchot, Cut Fruit, LLC, James
Catchot, James Gibson, Jose O. Castillo, Donald L. Johnson and RFG
Nominee Trust<SUP style="FONT-size: 85%; vertical-align: text-top">1</SUP> (Certain portions of the exhibit have been omitted based upon a request for
confidential treatment filed by the Registrant with the Securities and Exchange Commission. The omitted portions of the exhibit have been separately filed by the Registrant with the Securities and Exchange Commission.)</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="10%" nowrap align="left">99.1</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Press release dated May&nbsp;26, 2011 of Calavo Growers, Inc.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;<BR>
&nbsp;

</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">1</TD>
    <TD>&nbsp;</TD>
    <TD>Exhibits and schedules to this exhibit have been omitted pursuant to Item
601(b)(2) of Regulation&nbsp;S-K. Calavo will furnish copies of the omitted exhibits and
schedules to the Securities and Exchange Commission upon its request.</TD>
</TR>

</TABLE>



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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURE</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">Calavo Growers, Inc.<BR><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">May 31, 2011&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Lecil E. Cole
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Lecil E. Cole&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Chairman of the Board of Directors, Chief Executive Officer
and President<BR>
(Principal Executive Officer)&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Text marked by &#091;* * *&#093; has been omitted pursuant to a Request for Confidential Treatment and
was filed separately with the Securities and Exchange Commission.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>AGREEMENT AND PLAN OF MERGER</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>DATED AS OF MAY 25, 2011</B>
</DIV>


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


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALAVO GROWERS, INC.,</B>
</DIV>


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


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>RENAISSANCE FOOD GROUP, LLC</B>
</DIV>


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


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>LIBERTY FRESH FOODS, LLC, KENNETH CATCHOT, CUT FRUIT, LLC,<BR>
JAMES CATCHOT, JAMES GIBSON, JOSE O. CASTILLO, DONALD L. JOHNSON <BR>
and RFG Nominee Trust</B>
</DIV>







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

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Page</B></TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;1 DEFINITIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.1 Definitions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">1.2 Rules of Construction</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;2 THE MERGER</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.1 The Merger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.2 Merger Certificate</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.3 Effect of the Merger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.4 Certificate of Formation, Operating Agreement and Officers and
Managers of RFG After the Merger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.5 Conversion of Securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.6 Fractions and Rounding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.7 Approval of Merger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.8 Dissenting Shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.9 Payment at Closing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.10 Merger Securities Held by Escrow Agent</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.11 Closing Adjustment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.12 Stage 2 Earn-Out Payment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.13 Stage 3 Earn-Out Payment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.14 Limitations on Earn-Out Payments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.15 Calculation of Earn-Out Payments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.16 Payment of Earn-Out Payments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.17 Operation of Surviving RFG During the Earn-Out Period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">29</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.18 Calavo&#146;s Additional Earn-Out Period Covenants</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.19 Operation of Surviving RFG Consistent with Calavo&#146;s Policies and Procedures
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">31</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.20 Additional Earn-Out Period Restrictions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.21 Early Termination of Covenants</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.22 Withholding</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.23 Lock-Up</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">2.24 Payments by Trust</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;3 REPRESENTATIONS AND WARRANTIES ABOUT THE RFG FAMILY ENTITIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.1 Organization, Authority and Qualification of the RFG Family Entities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.2 Capitalization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.3 Subsidiaries and Other Interests</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.4 Due Authorization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">37</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.5 No Conflict</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.6 Governmental Consents and Approvals</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
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</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->i<!-- /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="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Page</B></TD>
</TR>

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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.7 Financial Information</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.8 Books and Records</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.9 No Undisclosed Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.10 Governmental Authorizations and Regulations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.11 Conduct in the Ordinary Course; Absence of Certain Changes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.12 Absence of Litigation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.13 Inventory</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.14 Accounts Receivable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.15 Compliance with Laws</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.16 Material Contracts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.17 Intellectual Property</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">45</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.18 Owned Real Property</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.19 Leased Real Property</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.20 Customers and Suppliers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.21 Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.22 Environmental Matters</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.23 Employees and Employee Benefits Plans</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.24 &#091;Reserved&#093;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">54</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.25 Insurance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.26 Products Liability and Warranties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.27 Tangible Personal Property</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.28 Sufficiency of Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.29 Unlawful Practices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.30 No Brokers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.31 Related Person Transactions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.32 Bank Accounts; Lockboxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">3.33 Internal Control Over Financial Reporting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">57</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;4 REPRESENTATIONS AND WARRANTIES OF SELLERS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.1 Organization and Authority of Securityholder Entities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.2 Execution and Enforceability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.3 No Conflict</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.4 Absence of Litigation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.5 Investment Intent</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.6 Restricted Securities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.7 Legend</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">59</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.8 Access to Information</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.9 Investment Experience</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.10 Residency</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.11 Accredited Investor</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.12 No Brokers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">4.13 The Trust</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;5 REPRESENTATIONS AND WARRANTIES OF CALAVO AND NEWCO</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.1 Organization and Authority of Calavo and Newco</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.2 No Conflict</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.3 Governmental Consents and Approvals</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.4 Absence of Litigation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.5 No Brokers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.6 Newco</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">5.7 Issuance of Shares to the Securityholders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;6 PRE-CLOSING COVENANTS OF THE PARTIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.1 Conduct of Business Prior to the Closing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">62</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.2 Access to Information</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.3 Commercially Reasonable Efforts; Regulatory and Other
Authorizations; Consents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">66</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.4 Further Action</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.5 Third Party Consents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.6 Terminations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.7 No Solicitation of Other Bids</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">68</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.8 Notice of Certain Events</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.9 Securityholder Transfers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.10 Employment of Earn-Out Key Employees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.11 Release</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">70</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.12 Quitclaim</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.13 Amendments of Schedules</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.14 Closing Statement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">6.15 Public Announcements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;7 CLOSING</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.1 Closing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.2 Conditions Precedent to RFG&#146;s and Sellers&#146; Closing Obligations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.3 Conditions Precedent to Purchaser&#146;s Closing Obligations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.4 Purchaser&#146;s Closing Deliveries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">7.5 Sellers&#146; Closing Deliveries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">76</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;8 POST CLOSING TAXES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.1 Returns and Payments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">77</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.2 Cooperation with Respect to Tax Returns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">78</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.3 Tax Audits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">78</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">8.4 Allocation of the Purchase Price; Form&nbsp;8594</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


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

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<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="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="88%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Page</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;9 CONFIDENTIALITY AND NONCOMPETITION AGREEMENTS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.1 Confidentiality</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">79</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.2 Noncompetition Covenant</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.3 Duration</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.4 Scope and Reasonableness</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.5 Injunctive Relief</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">9.6 Venue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">81</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;10 INDEMNIFICATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.1 Survival of Representations, Warranties and Agreements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.2 Indemnification by the Sellers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.3 Indemnification by Calavo</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.4 Notice of Claims; Contest of Claims</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">84</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.5 Additional Indemnification Limitations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">86</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.6 Materiality Limits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">87</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.7 Offset</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.8 Security for Earn-Out Payments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.9 Cooperation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">88</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.10 Exclusive Remedy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">10.11 Tax Treatment of Indemnity Payments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;11 TERMINATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">11.1 Termination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">11.2 Effect of Termination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Article&nbsp;12 GENERAL PROVISIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:30px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.1 Notices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">90</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.2 Amendments and Termination; Entire Agreement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.3 Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.4 Incorporation of Exhibits and Schedules</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.5 Successors and Assigns</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.6 Calculation of Time</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.7 Further Assurances</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.8 Provisions Subject to Applicable Law</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">91</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.9 Waiver of Rights</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.10 Headings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.11 Counterparts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.12 Preparation of this Agreement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.13 Governing Laws</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.14 Forum</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.15 Attorneys&#146; Fees and Other Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.16 Specific Performance</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">12.17 Sellers&#146; Representative</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93</TD>
    <TD>&nbsp;</TD>
</TR>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Exhibit&nbsp;A &#151; Table of Securityholders<BR>
Exhibit&nbsp;B &#151; Form of Operating Agreement for Surviving RFG<BR>
Exhibit&nbsp;C &#151; Form of Escrow Agreement<BR>
Exhibit&nbsp;D &#151; Examples Calculations Earn-Out Payments<BR>
Exhibit&nbsp;E &#151; Form of Investor Questionnaire<BR>
Exhibit&nbsp;F-1 &#151; Form of Employment Agreement (J. Catchot)<BR>
Exhibit&nbsp;F-2 &#151; Form of Employment Agreement (K. Catchot)<BR>
Exhibit&nbsp;F-3 &#151; Form of Employment Agreement (J. Gibson)<BR>
Exhibit&nbsp;G-1 &#151; Form of Lease for GHCA<BR>
Exhibit&nbsp;G-2 &#151; Form of Lease for GHSW<BR>
Exhibit&nbsp;G-3 &#151; Form of Agreement Concerning GHSW and &#091;***&#093;<BR>
Exhibit&nbsp;H &#151; Form of Opinion

</DIV>

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<DIV align="right" style="font-size: 10pt; margin-top: 12pt">EXECUTION VERSION
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>AGREEMENT AND PLAN OF MERGER</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Agreement and Plan of Merger (the &#147;<U><B>Agreement</B></U>&#148;) is entered into as of May&nbsp;25, 2011
among Calavo Growers, Inc., a California corporation (&#147;<U><B>Calavo</B></U>&#148;), CG Mergersub, LLC, a newly
formed Delaware limited liability company and wholly-owned subsidiary of Calavo (&#147;<U><B>Newco</B></U><B>,</B>&#148;
and together with Calavo, &#147;<U><B>Purchaser</B></U>&#148;), on the one hand, and Renaissance Food Group, LLC, a
Delaware limited liability company (&#147;<U><B>RFG</B></U>&#148;) and Liberty Fresh Foods, LLC, Kenneth Catchot,
James Catchot, James Gibson, Cut Fruit, LLC, Jose O. Castillo, Donald L. Johnson and RFG Nominee
Trust, on the other. For purposes of this Agreement, Liberty Fresh Foods, LLC, Kenneth Catchot,
Cut Fruit, LLC, Jose O. Castillo, Donald L. Johnson and RFG Nominee Trust shall be referred to as
&#147;<U><B>Securityholders</B></U><B>&#148; </B>and the Securityholders, along with James Catchot and James Gibson shall
be referred to as &#147;<U><B>Sellers</B></U>.&#148; For the purposes of this Agreement, Kenneth Catchot, James
Catchot, and James Gibson shall be deemed the indirect beneficiaries with respect to any rights,
and the indirect obligors with respect to any obligations, of Liberty Fresh Foods, LLC to the
extent of their respective interests therein as set forth in <U>Schedule&nbsp;2.14</U>.
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A.&nbsp;Calavo owns all of the outstanding equity interests of Newco. The Sellers own all of the
outstanding equity interests of RFG, directly and/or indirectly through Liberty Fresh Foods, LLC.
RFG is the sole owner and member of GH Foods CA, LLC (&#147;<U><B>GHCA</B></U>&#148;) and GHSW, LLC
(&#147;<U><B>GHSW</B></U>&#148;) (each an &#147;<U><B>LLC</B></U>,&#148; and together with RFG, the &#147;<U><B>RFG Family Entities</B></U>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B.&nbsp;The Sellers and the Boards of Managers of RFG and Liberty Fresh Foods, LLC, and the Board
of Directors of Calavo and Calavo, as the sole Member of Newco have determined that it is in the
best interests of Calavo, Newco and RFG and their respective equity holders for Newco to be merged
with and into RFG upon the terms and conditions set forth in this Agreement. The merger of Newco
with and into RFG is referred to in this Agreement as the &#147;<U><B>Merger</B></U>.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Pursuant to the Merger:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;The separate existence of Newco will cease, and RFG will be the surviving entity in the
Merger (&#147;<U><B>Surviving RFG</B></U><B>&#148;)</B>;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;The equity interests of RFG that are owned by the Securityholders immediately prior to
the consummation of the Merger will be converted into and exchanged for the right to receive the
Merger Consideration;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;The equity interests of Newco that are owned by Calavo immediately prior to the
consummation of the Merger will be converted into and exchanged for newly issued, unregistered
equity interests of Surviving RFG; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;Surviving RFG will become a wholly-owned subsidiary of Calavo after the Merger, and the
LLCs will each remain a wholly-owned subsidiary of Surviving RFG.
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration,
the receipt of which hereby is acknowledged, Purchaser, RFG and the Sellers hereby agree as
follows:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;1</B><BR>
<U><B>DEFINITIONS</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.1 </B><U><B>Definitions</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Acquisition Proposal</U>&#148; has the meaning set forth in Section&nbsp;6.7.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Action</U>&#148; means any judicial, administrative or arbitral action, suit, audit, hearing,
proceeding (public or private), claim or governmental proceeding brought or heard by or before, or
otherwise involving, any Governmental Authority or arbitrator.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Adjustment Request</U>&#148; shall have the meaning set forth in Section&nbsp;2.21.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Affiliate</U>&#148; means with respect to any Person, any other Person directly or indirectly
controlling, controlled by or under common control with the first Person. For the purposes of this
definition, &#147;control,&#148; when used with respect to any Person, means the possession, directly or
indirectly, of the power to direct or cause the direction of the management and policies of such
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 to the foregoing. With respect to any
natural Person, &#147;Affiliate&#148; will include such Person&#146;s grandparents, any descendants of such
Person&#146;s grandparents, such Person&#146;s spouse, the grandparents of such Person&#146;s spouse and any
descendants of the grandparents of such Person&#146;s spouse (in each case, whether by blood, adoption
or marriage).
</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Antitrust Division</U>&#148; has the meaning set forth in Section&nbsp;6.3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Assets</U>&#148; mean all of the tangible and intangible assets and rights of any nature of
the RFG Family Entities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Audit</U>&#148; has the meaning set forth in Section&nbsp;7.3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Auditor</U>&#148; has the meaning set forth in Section&nbsp;7.3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Average EBITDA</U>&#148; means the amount equal to (a)(x) the highest EBITDA achieved by
Surviving RFG for any twelve-month period during the Earn-Out Period, plus (y)&nbsp;the EBITDA achieved
by Surviving RFG during the twelve-month period ended on the last calendar month of the Earn-Out
Period, divided by (b)&nbsp;2; <U>provided</U>, <U>however</U>, that for purposes of the Stage 3 Scale
Earn-Out Trigger and the Stage 3 Scale Earn-Out Consideration, the periods set forth in subsection
(x)&nbsp;and (y)&nbsp;may be replaced with any two twelve-month periods during the Earn-Out Period that do
not overlap with respect to any month and result in a higher Average EBITDA. If the twelve-month
period with the highest EBITDA is the twelve-month period ended on the last calendar month of the
Earn-Out Period, both (x)&nbsp;and (y)&nbsp;shall be the same amount.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Average Revenue</U>&#148; means the amount equal to the sum of the Revenues for Surviving RFG
from the two twelve-month periods used to determine the Average EBITDA, divided by 2.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Baseline Inspection</U>&#148; has the meaning set forth in Section&nbsp;2.20.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Benchmark</U>&#148; has the meaning set forth in Section&nbsp;2.21.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Board of Managers</U>&#148; means the two-person Board of Managers of Surviving RFG,
consisting of Lecil E. Cole (or his successor appointed by Calavo) and Mr.&nbsp;K. Catchot (or his
successor appointed by Liberty Fresh Foods, LLC; provided such successor to Mr.&nbsp;K. Catchot is James
Catchot or James Gibson, or is otherwise approved by Calavo in writing). In the event that Mr.
Cole ceases to be on the Board of Managers and the members of the Board of Managers are unable to
resolve a matter before them, Mr.&nbsp;K. Catchot may discuss the matter at issue directly with Mr.&nbsp;Cole
(or if Mr.&nbsp;Cole is not then Chief Executive Officer of Calavo, the Chief Executive Officer of
Calavo at the time) for his consideration and resolution with Mr.&nbsp;K. Catchot, which shall be
communicated to the management team of Surviving RFG.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Books and Records</U>&#148; mean the books, records, documents, instruments, accounts,
correspondence, writings, evidences of title and other papers and electronic files relating to the
Business of RFG Family Entities or after the Closing, the business of Surviving RFG.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Business</U>&#148; means the business of the RFG Family Entities.
</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Capital Expenditures</U>&#148; mean expenditures made in connection with newly purchased
capital assets or improvements to the useful life of existing capital assets, as such items are
calculated in a manner consistent with GAAP applied in a manner consistent with the Financial
Statement Principles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Capital Expenditure Plan</U>&#148; has the meaning set forth in Section&nbsp;2.17.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Closing</U>&#148; has the meaning set forth in Section&nbsp;2.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Closing Adjustment Amount</U>&#148; means (a)&nbsp;the Current Assets, minus (b)&nbsp;the Current
Liabilities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Closing Date</U>&#148; has the meaning set forth in Section&nbsp;2.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Closing Financial Statements</U>&#148; has the meaning set forth in Section&nbsp;7.3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Closing Statement</U>&#148; has the meaning set forth in Section&nbsp;2.11.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Code</U>&#148; means the Internal Revenue Code of 1986, as amended, or any successor Law, and
the rules and regulations issued by the Treasury Department and IRS pursuant to the Internal
Revenue Code of 1986, as amended, or any successor Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Collateral Interests</U>&#148; has the meaning set forth in Section&nbsp;10.8.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Common Stock</U>&#148; means the common stock of Calavo, par value $.001 per share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Compliance Inspection</U>&#148; has the meaning set forth in Section&nbsp;2.20.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Confidentiality Agreement</U>&#148; means the Mutual Confidentiality/Non-Disclosure Agreement,
dated January&nbsp;5, 2011, between RFG and Calavo.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Contract</U>&#148; means any written or oral contract, agreement, mortgage, deed of trust,
bond, indenture, lease, license, note, franchise, certificate, option, warrant, right, instrument
or other commitment or obligation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Control Period</U>&#148; means the period starting with the last day of the 24<SUP style="FONT-size: 85%; vertical-align: text-top">th</SUP>
full calendar month after the Closing and ending at the end of the Earn-Out Period.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Co-Packer</U>&#148; means any party to the Co-Packer Agreements other than the RFG Family
Entities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Co-Packer Agreements</U>&#148; mean those Contracts set forth on <U>Schedule&nbsp;1.1</U> of the
Seller&#146;s Disclosure Letter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Covenant EBITDA</U>&#148; has the meaning set forth in Section&nbsp;2.21.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Creations</U>&#148; has the meaning set forth in Section&nbsp;6.12.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Current Assets</U>&#148; means, for the RFG Family Entities on a consolidated basis,
cash and other assets that are reasonably expected to be realized in cash or sold or consumed
during the normal operating cycle of the business (12&nbsp;months), determined in accordance with GAAP
applied using the same accounting methods, practices, principles, policies and procedures, with
consistent classifications, judgments and valuation and estimation methodologies that were used in
the preparation of the Closing Financial Statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Current Liabilities</U>&#148; means, for the RFG Family Entities on a consolidated basis, the
liquidation of obligations that are reasonably expected to require the use of existing resources
properly classified as current assets or to create other current obligations, but excluding 11/12
of the current portion of any long term debt, as the foregoing are determined in accordance with
GAAP applied using the same accounting methods, practices, principles, policies and procedures,
with consistent classifications, judgments and valuation and estimation methodologies that were
used in the preparation of the Closing Financial Statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Disclosing Party</U>&#148; has the meaning set forth in Section&nbsp;9.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>DOL</U>&#148; has the meaning set forth in Section&nbsp;3.23.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Earn-Out Key Employee</U>&#148; means any of Mr.&nbsp;K. Catchot, Mr.&nbsp;J. Catchot, and Mr.&nbsp;Gibson.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Earn-Out Payment</U>&#148; means either the Stage 2 Earn-Out Payment or the Stage 3 Earn-Out
Payment, or both, as applicable.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Earn-Out Period</U>&#148; means the period starting with the first day of the first calendar
month after the Closing Date and ending on the earlier of (a)&nbsp;the day immediately preceding the
fifth annual anniversary of such date, and (b)&nbsp;the achievement of the Stage 3 Maximum Earn-Out
Trigger.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Earn-Out Statement</U>&#148; has the meaning set forth in Section&nbsp;2.15.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Earn-Out Statement Confidential Information</U>&#148; has the meaning set forth in Section
2.15.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Earn-Out Trigger</U>&#148; means any of the Stage 2 Maximum Earn-Out Trigger, the Stage 3
Maximum Earn-Out Trigger, the Stage 2 Scale Earn-Out Trigger, or the Stage 3 Scale Earn-Out
Trigger, or any combination of the foregoing, as applicable.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>EBITDA</U>&#148; means net income for Surviving RFG and its Subsidiaries on a consolidated
basis, after restoring thereto amounts deducted in determining net income in respect of (a)
interest, (b)&nbsp;taxes, (c)&nbsp;depreciation, and (d)&nbsp;amortization, as such items are calculated in a
manner consistent with GAAP. Notwithstanding the foregoing, for purposes of calculating EBITDA:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the selling, general and administrative expenses for the twelve-months ended on each of
the last four months of the Earn-Out Period shall not decrease from the selling, general and
administrative expenses for the twelve-month period ended with the immediately preceding month by
more than the greater of (a)&nbsp;10%, and (b)&nbsp;the percentage by which Revenues for Surviving RFG have
decreased from the twelve-month period ending with the immediately preceding month;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Surviving RFG shall be charged an expense equal to the excess amount, if any, of
insurance expense it would pay for workers compensation insurance if the cost of its insurance was
determined by its modification factor (MOD)&nbsp;as a separate entity as opposed to on a consolidated
basis with Calavo;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;Surviving RFG shall not be charged for any (x)&nbsp;increased costs or expenses in excess of
$&#091;* * *&#093; per year incurred by or allocated to Surviving RFG as a result of Surviving RFG&#146;s
compliance with Calavo&#146;s policies and procedures relating to accounting or requirements with
respect to the implementation and maintenance of effective internal financial controls and
procedures and disclosure controls in accordance with Section&nbsp;2.19(a) or (y)&nbsp;selling, general and
administrative costs and expenses that are charged or allocated by Calavo to the extent such costs
and expenses are not directly attributable to Surviving RFG; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;EBITDA shall be subject to such costs, revenues, and other adjustments as set forth in
this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Effective Time</U>&#148; has the meaning set forth in Section&nbsp;2.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Employee</U>&#148; means any current, former or retired employee, officer or director of any
RFG Family Entity.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Employee Agreements</U>&#148; mean any management, employment, severance, consulting or
similar agreement, arrangement or contract between any RFG Family Entity or any ERISA Affiliate and
any employee or consultant that is not an Employee Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Employee Plan</U>&#148; means any plan, program, policy, practice, contract, agreement or
other arrangement providing for compensation, severance, termination pay, performance awards, stock
or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind,
whether formal or informal, funded or unfunded, including each &#147;employee benefit plan&#148; within the
meaning of Section&nbsp;3(3) of ERISA, that is or has been maintained, contributed to, or required to be
contributed to, by any RFG Family Entity or any ERISA Affiliate for the benefit of any Employee,
and pursuant to which the RFG Family Entity or any ERISA Affiliate has any Liability.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Employment Agreement</U>&#148; has the meaning set forth in Section&nbsp;6.10.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Encumbrance</U>&#148; means any security interest, pledge, mortgage, lien, charge,
encumbrance, conditional sale agreement, retention agreement, easement, deed of trust,
hypothecation, conditional sale or restriction on transfer of title or voting, except for any
restrictions on transfer generally arising under any applicable federal or state securities laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>End Date</U>&#148; has the meaning set forth in Section&nbsp;11.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Environmental Claim</U>&#148; means any written claim, demand, complaint, Action,
investigation, request for information or notice by any Person alleging potential Liability
(including, without limitation, potential liability for investigatory costs, cleanup costs,
governmental response costs, natural resources damages, property damages, personal injuries, or
penalties) arising out of, based on or resulting from (a)&nbsp;the presence or Release of or exposure to
any Hazardous Materials at any location, whether or not owned or operated by the RFG Family Entity,
or (b)&nbsp;circumstances forming the basis of Liability under or any violation of any Environmental
Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Environmental Law</U>&#148; means all federal, state, local and foreign Laws and regulations
relating to pollution or protection of the environment, including, without limitation, Laws
relating to Releases or threatened Releases of Hazardous Materials or otherwise relating to the
manufacture, processing, distribution, use, treatment, storage, transport, disposal or handling of
Hazardous Materials.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ERISA Affiliate</U>&#148; means any Person under common control with or otherwise required to
be treated as a single employer or aggregated with any RFG Family Entities as set forth in Section
414(b), (c), (m)&nbsp;or (o)&nbsp;of the Code or Section&nbsp;4001 of ERISA and the regulations thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>ERISA</U>&#148; means the Employee Retirement Income Security Act of 1974, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Escrow Agent</U>&#148; means Summit Point Escrow Company.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Escrow Agreement</U>&#148; means the agreement, substantially in the form set forth in
<U><B>Exhibit&nbsp;C</B></U> hereto, by and among Calavo, the Sellers&#146; Representative and the Escrow Agent
with respect to the Holdback Shares and the Collateral Interests.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Exclusivity Agreement</U>&#148; means the Exclusivity Agreement, dated March&nbsp;30, 2011, by and
between Calavo and certain of the other Parties hereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Final Statement</U>&#148; has the meaning set forth in Section&nbsp;2.11.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Financial Statements</U>&#148; has the meaning set forth in Section&nbsp;3.7.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Financial Statement Principles</U>&#148; means GAAP applied in a manner consistent with the
accounting principles and methodologies used by Calavo in preparing its financial statements at the
relevant time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Force Majeure Adjustment</U>&#148; has the meaning set forth in Section&nbsp;2.21.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Force Majeure Event</U>&#148; shall mean any event beyond Surviving RFG&#146;s reasonable control
as a result of one or more of the following events: acts of nature or God, acts of civil or
military authority, embargoes, epidemics, war, sabotage, terrorism, riots, insurrections,
accidents, fires, explosions, power failures, earthquakes, storms, snowstorms, freezing
temperatures, hailstorms, inclement weather, floods, drought, lockouts, labor disputes, strikes,
federal, state or municipal legal restriction or limitation or compliance therewith, trade
disputes, termination of or failure to grant a material license, failure or delay of
transportation, shortage of, or inability to obtain, product, material, or other operational
necessity, lack of fuel for transportation or processing equipment, or failure or delay in any
service provided to a party by any third party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Form&nbsp;8594</U>&#148; has the meaning set forth in Section&nbsp;8.4.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Former Real Property</U>&#148; has the meaning set forth in Section&nbsp;3.22.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>FTC</U>&#148; means the United States Federal Trade Commission.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>GAAP</U>&#148; means United States generally accepted accounting principles, consistently
applied.
</DIV>

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

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Governmental Authority</U>&#148; means any government, quasi government or governmental
(including multinational bodies), administrative or regulatory body thereof, whether Federal,
State, local or foreign, any agency or instrumentality thereof and any court, tribunal or judicial
or arbitral body thereof having jurisdiction over the Parties or their assets, including the U.S.
Food and Drug Administration and the U.S. Department of Agriculture.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Governmental Order</U>&#148; means any order, writ, judgment, stipulation, determination, or
award made, issued, or entered into by or with any Governmental Authority.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Hazardous Materials</U>&#148; means all substances defined as Hazardous Substances, Oils,
Pollutants or Contaminants in the National Oil and Hazardous Substances Pollution Contingency Plan,
40 C.F.R. &#167; 300.5, or defined as such by, or regulated as such under, any Environmental Law,
including any petroleum or petroleum products, by-products or derivatives, radon, toxic mold and
asbestos or asbestos-containing materials.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Holdback Period</U>&#148; means the period beginning at the Closing and ending on the one year
anniversary of the Closing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Holdback Shares</U>&#148; has the meaning set forth in Section&nbsp;2.9.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>HSR Act</U>&#148; means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended
and the rules and regulations promulgated thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Incentivized Individuals</U>&#148; mean those Persons set forth on <U>Schedule&nbsp;1.1</U> of the
Sellers&#146; Disclosure Letter, which represent those individuals who have entered or will enter into
an agreement with the Sellers with respect to any Earn-Out Payments. Any Contract or amendment
thereto between any Incentivized Individuals and RFG, the LLCs, Surviving RFG, any Seller or any
Related Person, whether entered into before or after Closing, shall be disclosed to Calavo (if
prior to the Closing) or to the Board of Managers (if after the Closing) at least 3 business days
prior to the date of effectiveness thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Indebtedness</U>&#148; of any Person means, without duplication, (a)&nbsp;the principal, accrued
and unpaid interest, prepayment or redemption premiums or penalties (if any), breakage costs,
unpaid fees or expenses and other monetary obligations, in each case, in respect of (i)
indebtedness of such Person for money borrowed and (ii)&nbsp;indebtedness evidenced by notes,
debentures, bonds or other similar debt instruments evidencing money borrowed for the payment of
which such Person is responsible or liable, (b)&nbsp;all obligations of such Person issued or assumed as
the deferred purchase price of property or services, all conditional sale obligations of such
Person and all obligations of such Person under any title retention agreement (but excluding trade
accounts payable arising in the ordinary course of business), (c)&nbsp;all obligations of such Person
under leases required to be capitalized in accordance with GAAP, (d)&nbsp;all obligations of such Person
for the reimbursement of any obligor on any letter of credit, banker&#146;s acceptance or similar credit
transaction, (e)&nbsp;all obligations of such Person under interest rate or currency swap transactions
(valued at the termination value thereof), (f)&nbsp;all obligations of the type referred to in clauses
(a)&nbsp;through (e)&nbsp;of any Persons for the payment of which such Person is responsible or liable,
directly or indirectly, as obligor, guarantor, surety or otherwise, including guarantees of such
obligations, and (g)&nbsp;all obligations of the type referred to in clauses (a)&nbsp;through (e)&nbsp;of other
Persons secured by (or for which the holder of such obligations has an existing right, contingent
or otherwise, to be secured by) any Encumbrance on any asset of such Person (whether or not such
obligation is assumed by such Person).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Independent Accounting Firm</U>&#148; means Grant Thornton LLP, or in the event that Grant
Thornton LLP is not able to serve in such capacity for any reason, such other independent
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">accounting firm agreed to by Calavo and the Sellers&#146; Representative. Each Party represents
that they have not previously hired, retained the services of, or otherwise directly or indirectly
payed compensation to Grant Thornton LLP in any capacity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Independent Contractor</U>&#148; means any current or former individual who is or was
considered under any Law to be an independent contractor of any of the RFG Family Entities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Independent Contractor Agreement</U>&#148; refers to any Contract between an Independent
Contractor and any of the RFG Family Entities that involves payments by the RFG Family Entities
(individually or on a consolidated basis) in excess of $100,000 annually.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Initial Merger Cash</U>&#148; means cash in an amount equal to $15,000,000. Notwithstanding
the foregoing or any other provision in this Agreement to the contrary, the amount of the Initial
Merger Cash shall be adjusted at the Closing as set forth herein pursuant to the Closing Statement
to be delivered pursuant to Section&nbsp;2.11. The adjustment to the Initial Merger Cash shall be (i)
upward, on a dollar-for-dollar basis, to the extent that the Closing Adjustment Amount at Closing
is greater than $0, and (ii)&nbsp;downward, on a dollar-for-dollar basis, to the extent that the Closing
Adjustment Amount at Closing is less than $0. To the extent the Final Statement is different from
the Closing Statement, the Initial Merger Cash shall be adjusted as provided herein and such
adjustment shall be paid as provided in Section&nbsp;2.11.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Initial Merger Consideration</U>&#148; means the Initial Merger Cash plus the Initial Merger
Shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Initial Merger Consideration Value</U>&#148; means $15,989,000, representing the value of the
Initial Merger Cash (without any adjustments pursuant to Section&nbsp;2.11) plus the Initial Merger
Shares, valued at the Merger Shares Value.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Initial Merger Shares</U>&#148; means the 43,000 Merger Shares issuable as part of the Initial
Merger Consideration.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Insurance Policies</U>&#148; has the meaning set forth in Section&nbsp;3.25.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Intellectual Property</U>&#148; means all of the following throughout the world: (a)&nbsp;all
patents, patent applications and patent disclosures, together with all divisions, reissuances,
continuations, continuations in part, revisions, extensions and reexaminations relating thereto
(the &#147;<U><B>Patents</B></U>&#148;), (b)&nbsp;trademarks, service marks, trade dress, logos, designs indicating
source, slogans, trade names, corporate names, fictitious business names and domain names,
including all applications, registrations and renewals relating to the foregoing and all goodwill
associated therewith (the &#147;<U><B>Trademarks</B></U>&#148;), (c)&nbsp;copyrightable works, including internet
websites and web pages, and all copyright applications, registrations, and renewals and all works
of authorship covered thereby (the &#147;<U><B>Copyrights</B></U>&#148;), (d)&nbsp;trade secrets and confidential
business information, including proprietary and confidential ideas, research and development, know
how, formulae, compositions, manufacturing and production processes and techniques, technical data,
designs, drawings, specifications, customer and supplier lists, pricing and cost information, and
business and marketing plans and proposals (the &#147;<U><B>Trade Secrets</B></U>&#148;), and (e)&nbsp;rights in
computer software, including all data and related documentation.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Interim Financial Statements</U>&#148; has the meaning set forth in Section&nbsp;3.7.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>IRS</U>&#148; means Internal Revenue Service.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Knowledge</U>&#148; means (a)&nbsp;in the case of an individual, as to a particular fact or matter,
that (i)&nbsp;such individual is actually aware of such fact or matter or (ii)&nbsp;a prudent individual
would reasonably be expected to discover or otherwise become aware of such fact or matter in the
course of conducting a reasonable investigation concerning the existence of such fact or matter and
(b)&nbsp;in the case of a Person that is not an individual, as to a particular fact or matter, the
Knowledge (as defined in clause (a)&nbsp;above) as to such fact or matter of any individual who is
serving as a director, manager, officer, member or similar position of such Person or any employee
of such Person who is charged with primary responsibility for the area of the operations related to
such fact or matter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Law</U>&#148; means any statute, law, ordinance, regulation, rule, code requirements of common
law, or other requirement of any Governmental Authority, including, without limitation, the HSR
Act, the Sherman Act of 1890, as amended, the Clayton Antitrust Act of 1914, as amended, the
Federal Trade Commission Act of 1914, as amended, any other United States federal or state or
foreign laws, decrees or administrative or judicial doctrines that are designed to prohibit,
restrict or regulate actions having the purpose or effect of monopolization or restraint of trade,
Environmental Laws, the Consumer Product Safety Act, as amended, Federal Hazardous Substances Act,
as amended, Poison Prevention Packaging Act, as amended, the Fair Packaging and Labeling Act, as
amended, the Perishable Agricultural Commodities Act, as amended, the Food, Drug and Cosmetic Act,
as amended, or Occupational Safety and Health Act of 1970, as amended, and all comparable state
laws, any applicable and binding regulations, standards, policies or guidelines promulgated or
issued pursuant to such acts and any similar applicable and binding laws, regulations, policies or
guidelines.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Leased Real Property</U>&#148; has the meaning set forth in Section&nbsp;3.19.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Liability</U>&#148; means any debt, loss, damage, adverse claim, fine, penalty, liability or
obligation of any kind, whether direct or indirect, known or unknown, asserted or unasserted,
accrued or unaccrued, absolute, contingent, matured or unmatured, liquidated or unliquidated,
disputed or undisputed, due or to become due and whether in contract, tort, strict liability or
otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Lines of Credit</U>&#148; means those certain lines of credit held by the RFG Family Entities
with Tri Counties Bank.
</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Lock-Up Period</U>&#148; has the meaning set forth in Section&nbsp;2.23.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Losses</U>&#148; has the meaning set forth in Section&nbsp;10.2.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Material Adverse Effect</U>&#148; means any fact, change, event, result, occurrence, effect or
circumstance, individually or together with other facts, changes, events, results, occurrences,
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">effects or circumstances, the effect of which is, or is reasonably likely to be in the future,
materially adverse to (a)&nbsp;the Business, Assets, Liabilities (including contingent Liabilities),
earnings, operations, properties, results of operations, condition (financial or otherwise) or
prospects of the RFG Family Entities, taken as a whole; <U>provided</U>, <U>however</U>, that
Material Adverse Effect shall not include any change, event or circumstance to the extent resulting
from, relating to or arising out of: (i)&nbsp;general economic conditions, except to the extent such
changes or conditions have a disproportionate adverse impact on any of the RFG Family Entities or
the Business as compared to other persons or participants in the industries in which the RFG Family
Entities conduct the Business; (ii)&nbsp;national or international political or social actions or
conditions, including the engagement by any country in hostilities, whether commenced before or
after the date hereof, and whether or not pursuant to the declaration of a national emergency or
war, or the occurrence of any military or terrorist attack; (iii)&nbsp;any actions taken, or failures to
take action, in each case, to which Purchaser has consented in writing; (iv)&nbsp;the compliance of the
RFG Family Entities or the Sellers with the terms of this Agreement and the other agreements
contemplated hereby, or (b)&nbsp;the ability of RFG to consummate the transactions contemplated by this
Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Material Contract</U>&#148; has the meaning set forth in Section&nbsp;3.16.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Material Customer</U>&#148; has the meaning set forth in Section&nbsp;3.20.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Material Supplier</U>&#148; has the meaning set forth in Section&nbsp;3.20.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Measurement Month</U>&#148; has the meaning set forth in Section&nbsp;2.13.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger</U>&#148; has the meaning set forth in Section&nbsp;2.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger Certificate</U>&#148; has the meaning set forth in Section&nbsp;2.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger Consideration</U>&#148; means the Initial Merger Consideration and if earned, the
Earn-Out Payments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger Shares</U>&#148; means any shares of Common Stock issued as part of the Initial Merger
Consideration or the Earn-Out Payments. Neither the issuance nor the resale of the Merger Shares
shall be registered by Calavo under the Securities Act or any state securities law or regulation.
If at any time Calavo merges into any other corporation then, if any Earn-Out Payments are required
to be issued in the form of shares of Common Stock following the completion of such merger, the
Securityholders shall receive in lieu of the shares of Common Stock, the form and amount of
consideration received by Calavo&#146;s shareholders in exchange for each share of Common Stock in such
merger times the number of shares of Common Stock that would have been issued had the merger of
Calavo into such surviving corporation not occurred.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Merger Shares Value</U>&#148; means $23.00 per share of Common Stock, the value of the Common
Stock for purposes of this Agreement. If, on or prior to the issuance of any Merger Shares, (i)
Calavo shall subdivide its capital stock (by any stock split, stock dividend or otherwise), (ii)
Calavo shall combine the outstanding shares of its capital stock, or (iii)&nbsp;there shall be any
capital reorganization or reclassification of Calavo&#146;s capital stock (other than a
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">change in par value, or from par value to no par value, or from no par value to par value),
the Merger Shares Value then in effect shall be correspondingly adjusted for all future issuances
of Merger Shares, and Calavo shall notify the Sellers&#146; Representative of such adjustment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Mr.&nbsp;Castillo</U>&#148; means Jose O. Castillo.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Mr.&nbsp;J. Catchot</U>&#148; means James Catchot.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Mr.&nbsp;Johnson</U>&#148; means Donald L. Johnson.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Mr.&nbsp;K. Catchot</U>&#148; means Kenneth Catchot.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Mr.&nbsp;Gibson</U>&#148; means James Gibson.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Multiemployer Plan</U>&#148; means any Employee Plan that is a &#147;multiemployer plan,&#148; as
defined in Section&nbsp;3(37) or 4001(a)(3) of ERISA.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>National Securities Exchange</U>&#148; has the meaning set forth under Section&nbsp;6 of the
Exchange Act and includes, without limitation, the Nasdaq Stock Market, on which the Common Stock
is listed as of the date of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>New Customer</U>&#148; has the meaning set forth in Section&nbsp;2.17.
</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>New Material Contract</U>&#148; means any of the following Contracts (or material amendments
or changes thereto) to which Surviving RFG or any of its Subsidiaries becomes a party after the
Closing Date or by which Surviving RFG or any its Subsidiaries becomes bound after the Closing
Date:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;all Contracts between Surviving RFG or any of its Subsidiaries and any Related Person
(other than Calavo or Surviving RFG&#146;s wholly-owned Subsidiaries);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;all Contracts containing covenants of Surviving RFG or its Subsidiaries not to compete in
any line of business or with any other Person in any geographical area;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;all Contracts relating to any loan agreement, guaranty, security agreement or other
agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;all other Contracts that: (x)&nbsp;involve capital expenditures by Surviving RFG that are
inconsistent with the Capital Expenditure Plan, or (y)&nbsp;require performance by Surviving RFG or its
subsidiaries after the end of the Earn-Out Period;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;all Contracts involving Owned Real Property or Real Property Leases;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;all Contracts involving Employee Plans; or
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;each settlement, conciliation or similar Contract which includes any payment in an
amount in excess of $100,000 in the aggregate or limits, in any manner, the operation of any of
Surviving RFG or the Business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Off Balance Sheet Arrangement</U>&#148; has the meaning set forth in Item 303(a) of Regulation
S-K promulgated under the Exchange Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Operating Agreement</U>&#148; has the meaning set forth in Section&nbsp;2.4.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Organizational Documents</U>&#148; means (a)&nbsp;the articles or certificate of incorporation and
the bylaws of a corporation; (b)&nbsp;the partnership agreement and any statement of partnership of a
general partnership; (c)&nbsp;the limited partnership agreement and the certificate of limited
partnership of a limited partnership; (d)&nbsp;the articles or certificate of organization and the
operating agreement of a limited liability company; (e)&nbsp;the trust agreement of a trust; (f)&nbsp;any
charter or similar document adopted or filed in connection with the creation, formation or
organization of a Person; and (g)&nbsp;any amendment to any of the foregoing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Owned Real Property</U>&#148; has the meaning set forth in Section&nbsp;3.18.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Party</U>&#148; or &#147;<U>Parties</U>&#148; means any party to this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Pending Claim</U>&#148; has the meaning set forth in Section&nbsp;2.10(e).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permit</U>&#148; means all approvals, consents, licenses, permits, authorizations, waivers and
certificates issued by any Governmental Authority, including any licenses required by the Food and
Drug Administration.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Assignee</U>&#148; means, in respect of each of the Securityholders, any one or more
of the following, provided that such Person agrees in writing to be bound by this Agreement: (i)
the estate of such Securityholder or their descendants, either in accordance with such
Securityholder&#146;s will or intestacy; (ii)&nbsp;any inter vivo or testamentary trust for the benefit of
the Securityholder&#146;s descendants or spouse, so long as any such trust or account is under the sole
control of the Securityholder and such beneficiaries agree to be bound by this Agreement; (iii)&nbsp;a
revocable trust (but not an irrevocable trust) established by the Securityholder for his or her
benefit, or for the benefit of his or her spouse or children, so long as any such trust or account
is under the sole control of the Securityholder, or (iv)&nbsp;another Person, all of the voting
securities or other ownership interests of which are owned by the Securityholder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Permitted Encumbrances</U>&#148; means each of the following: (i)&nbsp;mechanics&#146;, carriers&#146;,
workers&#146;, repairers&#146;, materialmen&#146;s, warehousemen&#146;s and other similar Encumbrances which have
arisen in the ordinary course of business consistent with past practice and which are not
individually or in the aggregate material to the Business; (ii)&nbsp;Encumbrances approved by Purchaser;
(iii)&nbsp;Encumbrances for Taxes not yet delinquent or contested in good faith or that may hereafter be
paid without interest of penalty and for which there are adequate accruals or reserves on the
Interim Financial Statements; (iv)&nbsp;any and all present and future zoning restrictions, regulations,
requirements, laws, ordinances, resolutions and orders of any city, town or village in which the
Owned Real Property lies and of all boards, bureaus, commissions, departments and
</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">bodies of any municipal, county, state or federal sovereign or other governmental authority
now or hereafter having or acquiring jurisdiction of the Owned Real Property or the use and
improvement thereof; (v)&nbsp;statutory liens of landlords for amounts not yet due and payable and any
unpaid, unmatured installment or installments of any assessment or assessments of any Governmental
Authority having jurisdiction affecting the Owned Real Property which may become due and payable
after the Closing; (vi)&nbsp;liens arising under conditional sales contracts and equipment leases with
third parties entered into in the ordinary course of business consistent with past practice; (vii)
encumbrances on the Owned Real Property or Leased Real Property consisting of easements, rights of
way, covenants, zoning restrictions, restrictions on the use of real property and defects and
irregularities in the title thereto, in each case recorded against the Owned Real Property or
Leased Real Property, Landlord&#146;s or lessor&#146;s liens under the Real Property Leases, and other minor
liens or encumbrances recorded against Owned Real Property; and (viii)&nbsp;any state of facts which
current, accurate surveys of the Owned Real Property would show, <U>provided</U> that none of the
foregoing would, individually or in the aggregate, materially interfere with the continued use and
operation of the Assets to which they relate in the conduct of the Business as presently conducted;
and (ix)&nbsp;other imperfections of title or encumbrances, if any, that individually or in the
aggregate do not materially interfere with the continued use and operation of the Assets to which
they relate in the conduct of the Business of RFG as presently conducted.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Person</U>&#148; means any individual, corporation, general partnership, limited partnership,
limited liability company, limited liability partnership, association, trust or any other entity or
organization, including a government or political subdivision or an agency or instrumentality
thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Personal Property Leases</U>&#148; has the meaning set forth in Section&nbsp;3.27.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Product Liability</U>&#148; has the meaning set forth in Section&nbsp;3.26.
</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Purchaser&#146;s Disclosure Letter</U>&#148; has the meaning set forth in Article&nbsp;5.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Real Property Lease</U>&#148; has the meaning set forth in Section&nbsp;3.19.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Receiving Party</U>&#148; has the meaning set forth in Section&nbsp;9.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Related Person</U>&#148; means (a)&nbsp;any of the Sellers, (b)&nbsp;any director, manager, officer,
equity holder or employee of any of the RFG Family Entities (including, after the Closing,
Surviving RFG and its Subsidiaries), (c)&nbsp;any member of the immediate family of any Person referred
to in (a)&nbsp;or (b)&nbsp;above; (d)&nbsp;any Person in which a 5% beneficial or economic interest is held by any
Person referred to in (a), (b)&nbsp;or (c)&nbsp;above, or (e)&nbsp;any Person in which any Person described in
(a), (b)&nbsp;or (c)&nbsp;above is an officer, director, trustee, or otherwise has the ability to direct the
management or operation of such Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Release</U>&#148; means any release, spill, emission, discharge, leaking, pumping, injection,
deposit, disposal, dispersal, leaching or migration into the environment (including, without
</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">limitation, ambient air, surface water, groundwater and surface or subsurface strata) or into
or out of any property, including the movement of Hazardous Materials through or in the air, soil,
surface water, groundwater or property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Relevant Proceedings</U>&#148; has the meaning set forth in Section&nbsp;8.3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Representative</U>&#148; means, with respect to any Person, its directors, officers,
employees, agents, accountants, legal and financial advisers and other representatives.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Revenues</U>&#148; means net revenues from the sale of products of Surviving RFG on a
consolidated basis with its Subsidiaries for the applicable period, as such items are calculated in
a manner consistent with GAAP applied in a manner consistent with the Financial Statement
Principles.
</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>RFG Family Entities</U>&#148; has the meaning set forth in the Recitals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Roll Up Transaction</U>&#148; means the transactions whereby GHCA and GHSW became the
wholly-owned Subsidiaries of RFG.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;* * *&#093;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>SBA Loan</U>&#148; means the Small Business Loan Agreement, SBA Loan #349-012-5009, between
LIG Partners, LLC and EDF Resource Capital, Inc., which had a funding date of October&nbsp;14, 2009.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>SEC</U>&#148; means the Securities and Exchange Commission.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Securities Act</U>&#148; means the Securities Act of 1933, as amended.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Securities Certificate</U>&#148; means any certificate representing Securities of RFG.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Security</U>&#148; means, with respect to any Person, (a)&nbsp;any capital stock, share capital,
ownership, equity, voting or profits interest, or other securities of such Person, (b)&nbsp;any rights,
options, warrants, calls, subscriptions, securities or other agreements and commitments convertible
into or exchangeable or exercisable for, or evidencing the right to subscribe for, directly or
indirectly, capital stock, share capital, ownership, equity, voting or profits interest, or other
securities, of such Person, or (c)&nbsp;any bonds, debentures, notes, or other indebtedness that, in
each case, entitle the holders to vote (or that are convertible into or exchangeable or exercisable
for capital stock, share capital, ownership, equity, voting or profits interest, or other
securities that entitle any of the holders to vote) with holders of shares of share capital,
ownership, equity, voting or profits interest, or other securities of such Person on any matter.
</DIV>

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

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Securityholder Entity</U>&#148; means any Securityholder that is not a natural person.
</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;&#147;<U>Sellers</U>&#148; has the meaning set forth in the introduction paragraph.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Sellers&#146; Disclosure Letter</U>&#148; has the meaning set forth in Article&nbsp;3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Sellers&#146; Representative</U>&#148; has the meaning set forth in Section&nbsp;12.17.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 2 Cash</U>&#148; means the cash portion of any Stage 2 Earn-Out Payment, if any.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 2 Earn-Out Payment</U>&#148; has the meaning set forth in Section&nbsp;2.12.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 2 Maximum Earn-Out Consideration</U>&#148; has the meaning set forth in Section&nbsp;2.12.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 2 Maximum Earn-Out Consideration Value</U>&#148; means the value of the Stage 2 Maximum
Earn-Out Consideration, with the Merger Shares being valued at the Merger Shares Value.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 2 Maximum Earn-Out Trigger</U>&#148; has the meaning set forth in Section&nbsp;2.12.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 2 Merger Shares</U>&#148; mean the Merger Shares issued in connection with the Stage 2
Earn-Out Payment, if any.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 2 Scale Earn-Out Consideration</U>&#148; has the meaning set forth in Section&nbsp;2.12.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 2 Scale Earn-Out Trigger</U>&#148; has the meaning set forth in Section&nbsp;2.12.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 3 Cash</U>&#148; means the cash portion of any Stage 3 Earn-Out Payment, if any.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 3 Earn-Out Payment</U>&#148; has the meaning set forth in Section&nbsp;2.13.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 3 Maximum Earn-Out Consideration</U>&#148; has the meaning set forth in Section&nbsp;2.13.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 3 Maximum Earn-Out Trigger</U>&#148; has the meaning set forth in Section&nbsp;2.13.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 3 Merger Shares</U>&#148; mean Merger Shares issued in connection with the Stage 3
Earn-Out Payment, if any.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 3 Scale Earn-Out Consideration</U>&#148; has the meaning set forth in Section&nbsp;2.13.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stage 3 Scale Earn-Out Trigger</U>&#148; has the meaning set forth in Section&nbsp;2.13.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>State Law</U>&#148; means the Delaware Limited Liability Company Act.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Straddle Returns</U>&#148; has the meaning set forth in Section&nbsp;8.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stub Period</U>&#148; has the meaning set forth in Section&nbsp;8.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Stub Period Income Tax Returns</U>&#148; has the meaning set forth in Section&nbsp;8.1.
</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;&#147;<U>Subsidiary</U>&#148; means, with respect to any Person, any legal entity of which such Person
(either alone or through or together with any other Subsidiary or Subsidiaries thereof) is the
general partner or managing entity or of which at least a majority of the stock or other equity
interests, the holders of which are generally entitled to vote for the election of the board of
directors or others performing similar functions of such legal entity, is directly or indirectly
owned or controlled by such Person (either alone or through or together with any other Subsidiary
or Subsidiaries thereof).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Surviving RFG</U>&#148; has the meaning set forth in Section&nbsp;2.3.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Tax</U>&#148; or &#147;<U>Taxes</U>&#148; means all Federal, State, local or foreign taxes, charges,
fees, levies or other similar assessments, including, without limitation, all net income, gross
income, gross receipts, value added, activity, capital, capital stock, inventory, sales, use, ad
valorem, transfer, franchise, profits, license, withholding, payroll, employment, excise,
estimated, severance, stamp, occupation, property or other taxes, customs, duties, fees,
assessments, escheat obligations or charges of any kind whatsoever, together with any interest and
any penalties, fines, additions to tax or additional amounts imposed by any Tax Authority.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Tax Authority</U>&#148; means a Federal, State, local or foreign Governmental Authority having
jurisdiction over the assessment, determination, collection or imposition of any Tax, as the
context requires.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Tax Returns</U>&#148; means all returns, declarations, reports, estimates and statements
regarding Taxes, required to be filed with any Tax Authority.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Termination Date</U>&#148; has the meaning set forth in Section&nbsp;11.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Third Party Claim</U>&#148; has the meaning set forth in Section&nbsp;10.4.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Top 5 Customers</U>&#148; mean &#091;* * *&#093; which are the top five customers based on aggregate
consideration paid to the RFG Family Entities (on a consolidated basis) for goods or services for
the two most recent fiscal years as set forth on <U>Schedule&nbsp;3.20</U> of the Sellers&#146; Disclosure
Letter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Transaction Tax Benefit</U>&#148; means the Tax benefit attributable to the aggregate expenses
resulting from the payment of any bonuses, any payments for any restricted stock, non-qualified
options or stock appreciation rights, or any other compensatory payments, management, advisory or
consulting fees and other similar items, any capitalized financing costs and expenses (including
any loan fees, any costs related to the redemption of any Indebtedness, any costs related to
prepayment penalties or premiums and any accrued (and not previously deducted) original issue
discount on any Indebtedness of RFG), in each case which may become deductible in the current
taxable year by Surviving RFG in connection with the transactions contemplated hereby, as well as
any other deductions of Surviving RFG in the current year incurred in connection with the
transactions contemplated hereby net of Tax costs in connection therewith in each case, which have
not otherwise been borne by the Securityholders.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Trust</U>&#148; means RFG Nominee Trust<B>, </B>the trust formed solely for purposes of administering
the Merger Consideration (and which as of Closing will hold no assets or liabilities other than the
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Merger Consideration received by the Trust and rights of the Securityholders to receive the
Merger Consideration), whose only named beneficiaries are the Sellers and whose sole trustee is the
Sellers&#146; Representative or his successor (provided, however, that any successor that is not Mr.&nbsp;J.
Catchot or Mr.&nbsp;Gibson must be approved in writing by Calavo, such approval not to be unreasonably
withheld).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>Year-End Financial Statements</U>&#148; has the meaning set forth in Section&nbsp;3.7.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<U>WARN Act</U>&#148; means the United States Worker Adjustment and Retraining Notification Act
and the rules and regulations promulgated thereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.2 </B><U><B>Rules of Construction</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;As used in this Agreement, unless the context would require otherwise:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;references to the plural include the singular, and references to the singular include the
plural;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;references to either gender include the other gender and gender neuter, and references to
gender neuter shall include either gender;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;the words &#147;include,&#148; &#147;includes&#148; and &#147;including&#148; do not limit the preceding terms or
words and shall be deemed to be followed by the words &#147;without limitation&#148;;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;the term &#147;or&#148; has the inclusive meaning represented by the phrase &#147;and/or&#148;;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;the terms &#147;hereof,&#148; &#147;herein,&#148; &#147;hereunder,&#148; &#147;hereto&#148; and similar terms in this Agreement
refer to this Agreement as a whole and not to any particular provision of this Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;the terms &#147;day&#148; and &#147;days&#148; mean and refer to calendar day(s);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;the terms &#147;year&#148; and &#147;years&#148; mean and refer to calendar year(s); and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;the term &#147;dollars&#148; shall mean United States dollars.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Unless otherwise set forth herein, any reference in this Agreement to any document,
instrument or agreement (including this Agreement) includes and incorporates all exhibits,
schedules and other attachments thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;All Article, Section, Exhibit and Schedule references herein are to Articles, Sections,
Exhibits and Schedules of this Agreement, unless otherwise specified.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Terms used but not otherwise defined in this Agreement that are defined by GAAP shall have
the respective meaning given such terms under GAAP. Any reference to a
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">period delineated by a certain number of months (i.e. a twelve-month period) shall mean a
period ending on the last day of the calendar month.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;This Agreement was prepared jointly by the Parties hereto and no rules that it be
construed against the drafter will have any application in its construction or interpretation.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;2</B><BR>
<U><B>THE MERGER</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.1 </B><U><B>The Merger</B></U>. Subject to the terms and conditions of this Agreement, at the closing
of the transactions contemplated by this Agreement (the &#147;<U><B>Closing</B></U>&#148;), Newco shall merge with
and into RFG (the &#147;<U><B>Merger</B></U>&#148;). The Closing shall occur, and the Merger shall become
effective at the time the Certificate of Merger (the &#147;<U><B>Merger Certificate</B></U>&#148;) shall have been
duly filed with the Secretary of State of the State of Delaware or such later date and time as is
agreed upon by the Parties and specified in the Merger Certificate, such date and time to be
hereinafter referred to as the &#147;<U><B>Effective Time</B></U>.&#148; The date on which the Closing occurs is
referred to in this Agreement as the &#147;<U><B>Closing Date</B></U>.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.2 </B><U><B>Merger Certificate</B></U>. Calavo shall prepare a Merger Certificate that contains the
statements required by State Law. The Parties to this Agreement shall cooperate in connection with
executing and filing the Merger Certificate with the Secretary of State of the State of Delaware on
a timely basis.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.3 </B><U><B>Effect of the Merger</B></U>. At the Effective Time, the separate existence of Newco
shall terminate, and RFG shall continue as the surviving entity of the Merger (&#147;<U><B>Surviving
RFG</B></U>&#148;). From and after the Effective Time, all the rights, property, privileges, powers and
franchises of each of RFG and Newco shall vest in Surviving RFG, and Surviving RFG shall be subject
to all the Liabilities and duties of each of RFG and Newco. The Merger shall be effective as
provided in this Agreement and the applicable provisions of State Law. After the Effective Time,
there shall be no further registrations or transfers of Securities Certificates on the equity
interest transfer records of RFG.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.4 </B><U><B>Certificate of Formation, Operating Agreement and Officers and Managers of RFG After
the Merger</B></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 amended after the Closing in accordance with applicable Law, the
Certificate of Formation of RFG shall be the Certificate of Formation of Surviving RFG after the
Closing. Unless and until amended after the Closing in accordance with applicable Law, the
Operating Agreement of Surviving RFG shall be amended and restated at the Effective Time to be
substantially in the form set forth as <U><B>Exhibit&nbsp;B</B></U> (the &#147;<U><B>Operating Agreement</B></U>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Surviving RFG shall be governed in accordance with this Agreement and the Operating
Agreement. As soon as practicable after Closing, the Board of Managers shall amend and restate the
limited liability company agreements of the LLCs to provide for management by Surviving RFG as the
sole member, to provide that the officers of Surviving RFG shall be the officers of the LLCs and to
provide for such other terms as may be agreed upon
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">by the Board of Managers, provided all such terms shall be consistent with the terms of this
Agreement and the Operating Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The officers of Surviving RFG, effective at the Effective Time, shall be as set forth in
the Operating Agreement until their respective successors shall have been duly elected or appointed
and qualified or until their earlier death, resignation or removal in accordance with the
applicable provisions of Surviving RFG&#146;s Certificate of Formation, Operating Agreement and State
Law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.5 </B><U><B>Conversion of Securities</B></U>. At the Closing, as a result of the Merger and without
any action on the part of Purchaser, RFG or any Seller:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Each Security of Newco that is outstanding immediately prior to the Closing automatically
shall be converted into and become one validly issued, fully paid and non-assessable Security in
Surviving RFG with the same rights, powers and privileges as the Securities so converted and shall
constitute the only outstanding equity interests of Surviving RFG. From and after the Effective
Time, all certificates representing the Securities of Newco shall be deemed for all purposes to
represent the number of Securities of Surviving RFG into which they were converted in accordance
with the immediately preceding sentence. Calavo shall own all outstanding Securities of Surviving
RFG from and after the Effective Time.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;All of the Securities of RFG that are outstanding immediately prior to the Effective Time
shall be canceled and extinguished and shall be converted automatically into the right to receive
an allocation of the Merger Consideration as set forth on <U><B>Exhibit&nbsp;A</B></U><B>, </B>which represents each
Securityholder&#146;s proportional interest in RFG. If the Merger Consideration consists of cash and
Merger Shares, each Securityholder shall be entitled to his or its pro rata portion of each.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.6 </B><U><B>Fractions and Rounding</B></U><B>. </B>Notwithstanding any other provision hereof, no fractional
shares of Common Stock and no certificates or scrip therefor, or other evidence of ownership
thereof, will be issued as Merger Consideration; instead, Purchaser will pay to each payee
otherwise entitled to receive a fractional share of Common Stock, an amount in cash (without
interest) determined by multiplying such fraction of a share of Common Stock by the Merger Share
Value. Any cash portion of the Merger Consideration payable pursuant to this Article&nbsp;2 shall be
rounded to the nearest cent (with one-half being rounded up).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.7 </B><U><B>Approval of Merger</B></U><B>. </B>Each Seller, by executing this Agreement, hereby consents to
this Agreement and all transactions contemplated hereby, including but not limited to the Merger.
Calavo, as the sole holder of Securities of Newco, hereby consents to this Agreement and all
transactions contemplated hereby, including but not limited to the Merger.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.8 </B><U><B>Dissenting Shares</B></U>. Because each holder of voting securities of RFG and Newco has
consented in writing to the Merger, no holder of voting securities of RFG or Newco shall be
entitled to exercise dissenter&#146;s rights or appraisal rights under State Law.
</DIV>

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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.9 </B><U><B>Payment at Closing.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;At the Closing, Calavo shall pay an amount equal to the Initial Merger Cash to the Trust,
which shall distribute such amounts to the Securityholders as set forth in Section&nbsp;2.24. The
Sellers agree and acknowledge that Purchaser shall have no liability for distributions made to the
Sellers by the Trust.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;As promptly as possible after the Closing, Calavo shall cause its transfer agent to issue
a stock certificate in the name of the Trust to evidence the Initial Merger Shares. Such stock
certificate shall be delivered to the Escrow Agent and shall evidence the Initial Merger Shares
(the &#147;<U><B>Holdback Shares</B></U>&#148;) that the Securityholders have agreed to allow the Escrow Agent to
hold as security for the Sellers&#146; obligations pursuant to Section&nbsp;2.11 and Article&nbsp;10, in
accordance with Section&nbsp;2.10.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Securityholders hereby covenant that the Initial Merger Consideration shall be used to
pay off the SBA Loan as soon as practicable, but not later than 5 business days, after Closing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.10 </B><U><B>Merger Securities Held by Escrow Agent</B></U><B>.</B><U></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;As security for the closing adjustment obligations of the Sellers described in Section
2.11 and the indemnification obligations of the Sellers described in Article&nbsp;10, the Escrow Agent
shall hold the Holdback Shares in accordance with this Section&nbsp;2.10 and the Escrow Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;During the period in which the Escrow Agent holds the Holdback Shares as security, the
Trust shall be treated as the record owner of the Holdback Shares and shall have voting rights and
dividend rights with respect to the Holdback Shares. Neither the Trust nor any Seller shall be
entitled to sell, assign, pledge or otherwise transfer (except to Calavo) any of the Holdback
Shares prior to the later to occur of (i)&nbsp;the end of the Lock-Up Period with respect to such
Holdback Shares, and (b)&nbsp;the delivery of the Holdback Shares to the Trust by the Escrow Agent in
accordance with this Section&nbsp;2.10 and the terms of the Escrow Agreement. Any stock dividends or
stock split shares that are distributed by Calavo on the Holdback Shares shall be delivered to the
Escrow Agent and be held by the Escrow Agent subject to the terms of this Section&nbsp;2.10 and the
Escrow Agreement, but any cash dividends that are paid by Calavo on the Holdback Shares shall be
distributed to the Trust.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;If a Seller becomes obligated under Article&nbsp;10 or any other provision of this Agreement to
make a payment to Calavo, such payments, at the election of Seller, shall be made by wire transfer
of immediately available funds by the Sellers to Calavo. To the extent that the Sellers do not
timely make payments in accordance with the terms of this Agreement, Calavo may, at its option, use
the Holdback Shares to recover any funds to which they may be entitled. The number of the Holdback
Shares to be transferred to Calavo, if any, shall be equal to the aggregate amount of the
indemnifiable Losses or other obligation to be paid by the Sellers in the form of Holdback Shares,
divided by the Merger Shares Value. For example, if the Sellers owe $500,000, Calavo shall receive
from the Escrow Agent 21,739 Holdback Shares ($500,000 divided by $23), and the Sellers and the
Trust shall cease to be treated as the owner of those
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Holdback Shares. If and to the extent that the Escrow Agent does not hold sufficient Holdback
Shares to cover the obligation, then the Sellers (or, to the extent applicable, the Trust) shall be
personally obligated to make a payment to Calavo for the deficit. In order to allow the Escrow
Agent to instruct Calavo&#146;s transfer agent to transfer shares to Calavo in satisfaction of a claim,
the Trust shall deliver two duly executed stock assignments in blank to the Escrow Agent at the
Closing. The Escrow Agent is authorized to complete such assignments and deliver them to Calavo&#146;s
transfer agent if a Seller becomes liable to make a payment to Calavo under this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The deposit of the Holdback Shares with the Escrow Agent is not intended to limit the
amount or duration of the Sellers&#146; indemnification obligations under Article&nbsp;10 or other
obligations under this Agreement. If and to the extent that the Holdback Shares are not sufficient
to satisfy the Sellers&#146; monetary obligation, if the Person entitled to indemnification is not
Calavo or Surviving RFG, or if the Holdback Shares have been returned to the Seller following the
expiration of the period described above, then Calavo (or any other Person entitled to
indemnification) shall be entitled to such other remedies as set forth in this Agreement and shall
be entitled to enforce such obligations against the Sellers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;At the end of the Holdback Period, the Escrow Agent shall retain a number of Holdback
Shares equal to the amount of any Pending Claim by Purchaser, and deliver to the Trust the Holdback
Shares that have not been applied to the satisfaction of the Sellers&#146; obligations under this
Agreement and are not being retained pursuant to a Pending Claim by Purchaser. A &#147;<U><B>Pending
Claim</B></U>&#148; means a claim (i)&nbsp;that is asserted in good faith and on a reasonable basis by Calavo,
(ii)&nbsp;for which written notice of the specific claim is given to the Sellers within the one year
after the Closing Date, and (iii)&nbsp;which is based on a Seller&#146;s obligation under this Agreement. If
and to the extent that the Holdback Shares are being retained pursuant to a Pending Claim, the
Escrow Agent shall deliver the Holdback Shares only if and when it is determined that such amounts
are not required to be transferred to Calavo. After the return of the deposited Holdback Shares to
the Trust, the Sellers shall remain personally obligated to satisfy their obligations under this
Agreement to the extent that they have obligations that may continue after Holdback Shares have
been delivered to the Trust.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.11 </B><U><B>Closing Adjustment</B></U><B>.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;At least three business days prior to the Closing Date, RFG shall deliver to
Purchaser an unaudited interim Closing Statement (the &#147;<U><B>Closing Statement</B></U>&#148;), certified as
true and correct by RFG&#146;s Chief Financial Officer, setting forth, in reasonable detail, RFG&#146;s good
faith calculation of the Current Assets, Current Liabilities and Closing Adjustment Amount as of
the Closing Date. All expenses relating to the preparation of the Closing Statement by employees
or agents of RFG or Purchaser will be borne by the party employing or engaging such employees or
agents and will be reflected in the Closing Statement as appropriate. Purchaser and Purchaser&#146;s
independent certified public accountants will have the right to review, at the expense of
Purchaser, any applicable work papers relating to the preparation of the Closing Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;No later than 60 calendar days after the Closing Date, Calavo will prepare and
deliver, or cause to be prepared and delivered, to the Sellers&#146; Representative, at Calavo&#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">expense, an unaudited statement (the &#147;<U><B>Final Statement</B></U>&#148;), certified as true and correct
by Calavo&#146;s Chief Financial Officer, which will set forth in reasonable detail any proposed
adjustments to the Closing Adjustment Amount as of the Closing Date from the estimate thereof set
forth in the Closing Statement. The Sellers&#146; Representative and his Representatives will have the
right to review, at the Sellers&#146; Representative&#146;s expense, the Books and Records of Surviving RFG,
relating to the preparation of the Final Statement; <U>provided</U>, <U>however</U>, that any
information received in connection with such review shall be subject to the same restrictions set
forth in Section&nbsp;2.15 with respect to Earn-Out Statement Confidential Information.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;In the event of any objection by the Sellers&#146; Representative with respect to the
calculations set forth in the Final Statement, the Sellers&#146; Representative shall give written
notice to Calavo of the existence of such objection and the Parties will attempt to resolve any
disputed items in good faith for a period of 30&nbsp;days from the receipt of such written notice. If
the Sellers&#146; Representative does not deliver a written objection within 30&nbsp;days after his receipt
of the Final Statement, then the calculation of the Closing Adjustment Amount as set forth in the
applicable Final Statement shall be deemed to have been accepted.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Failing resolution pursuant to Section&nbsp;2.11(c) within 30&nbsp;days after receipt of the written
notice of objection from the Sellers&#146; Representative, either Calavo or the Sellers&#146; Representative
may submit any unresolved disputed items with respect to the Final Statement for binding resolution
to the Independent Accounting Firm. Calavo and the Sellers&#146; Representative shall direct the
Independent Accounting Firm to, within 30&nbsp;days following such submission, resolve the unresolved
objections and such resolution shall be final and binding on all Parties hereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Each of Calavo and the Sellers&#146; Representative shall submit to the Independent Accounting
Firm (with a copy delivered to the other on the same day), within 10&nbsp;days after the date of the
engagement of the Independent Accounting Firm, a memorandum (which may include supporting exhibits)
setting forth their respective positions on the unresolved objections. Each of Calavo and the
Sellers&#146; Representative may (but shall not be required to) submit to the Independent Accounting
Firm (with a copy delivered to the other on the same day), within 20&nbsp;days after the date of the
engagement of the Independent Accounting Firm, a memorandum responding to the initial memorandum
submitted to the Independent Accounting Firm by the other Party. Unless requested by the
Independent Accounting Firm in writing, no Party hereto may present any additional information or
arguments to the Independent Accounting Firm, either orally or in writing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Within 30&nbsp;days after the date of its engagement hereunder, the Independent Accounting Firm
shall issue a written ruling which shall include a revised Final Statement as adjusted (i)&nbsp;pursuant
to any resolutions to objections agreed upon by Calavo and the Sellers&#146; Representative and (ii)
pursuant to the Independent Accounting Firm&#146;s resolution of the unresolved objections. The
Independent Accounting Firm shall review only those matters specified in the unresolved objections
and shall make no changes to the Final Statement, except as are required to resolve the unresolved
objections. The Final Statement provided by the Independent Accounting Firm pursuant to this
Section&nbsp;2.11(f) shall be deemed to be the Final Statement and it shall be final and binding on all
Parties hereto. The Parties agree that the procedure set forth in this Section&nbsp;2.11 for resolving
disputes with respect to the Final Statement
</DIV>




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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">shall be the sole and exclusive method for resolving any such disputes. The Independent
Accounting Firm&#146;s determination may be enforced in any court of competent jurisdiction, but the
substance of the Independent Accounting Firm&#146;s determination shall not be subject to review in any
such proceeding.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Calavo, on the one hand, and the Sellers, on the other hand, shall each be responsible for
one-half of the fees and expenses of the Independent Accounting Firm.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;If, consistent with the provisions of this Section&nbsp;2.11, the adjustments to the Final
Statement require an adjustment to the Initial Cash Merger Consideration, the Sellers, on a joint
and several basis, or Calavo, as applicable, will make any payments or refunds, as the case may be,
on a dollar-for-dollar basis with respect to the Initial Cash Merger Consideration necessary as a
result of the change in the Closing Adjustment Amount as shown in the Final Statement within five
business days of the adjustments to the Final Statement being deemed final pursuant to Section
2.11. If a decrease of the Initial Cash Merger Consideration as a result of the change in the
Closing Adjustment Amount as shown in the Final Statement requires a refund to Purchaser, such
payment will be made by wire transfer of immediately available funds from the Sellers to Calavo.
If an increase of the Initial Cash Merger Consideration as a result of the change in the Closing
Adjustment Amount as shown in the Final Statement requires a refund to the Sellers, such payments
shall be made by wire transfer of immediately available funds by Calavo to the Trust, net of
applicable withholding taxes. To the extent that the Sellers do not timely make payments as set
forth above, Calavo may, at its option, use the Holdback Shares to recover any refund to which they
may be entitled.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;In addition, Calavo and the Sellers agree that in the event that Calavo is not able to
recover the account receivable shown on <U>Schedule&nbsp;2.11</U> of the Sellers&#146; Disclosure Letter by
September&nbsp;1, 2011, the Sellers, on a joint and several basis, shall make payment to Calavo in the
amount to which such account receivable has not been collected. Calavo agrees to use commercially
reasonable efforts to collect such account receivable prior to September&nbsp;1, 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.12 </B><U><B>Stage 2 Earn-Out Payment</B></U><B>. </B>The &#147;<U><B>Stage 2 Earn-Out Payment</B></U>&#148; shall be
determined in the following manner:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;If, prior to the end of the Earn-Out Period, Surviving RFG meets the Stage 2 Maximum
Earn-Out Trigger, the Securityholders shall be paid by Calavo the Stage 2 Maximum Earn-Out
Consideration in accordance with Section&nbsp;2.16. For the avoidance of any doubt, the Stage 2 Maximum
Earn-Out Trigger can be met only one time.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The &#147;<U><B>Stage 2 Maximum Earn-Out Trigger</B></U>&#148; shall be met if for any twelve-month period
during the Earn-Out Period, starting with the twelve-month period ended on the last day of the
12<SUP style="FONT-size: 85%; vertical-align: text-top">th</SUP> full calendar month after the Closing, (a)&nbsp;the EBITDA for Surviving RFG is equal to
or greater than $8,000,000 and (b)&nbsp;the Revenue for Surviving RFG is equal to or greater than
<B>$&#091;</B><B>***</B><B>&#093;</B>.
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The &#147;<U><B>Stage 2 Maximum Earn-Out Consideration</B></U>&#148; shall be $5,000,000 in cash and
827,000 Merger Shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;If, as of the last day of the Earn-Out Period, Surviving RFG has not met the Stage 2
Maximum Earn-Out Trigger but has met the Stage 2 Scale Earn-Out Trigger, the Securityholders shall
be paid by Calavo the Stage 2 Scale Earn-Out Consideration, if any, in accordance with Section
2.16.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The &#147;<U><B>Stage 2 Scale Earn-Out Trigger</B></U>&#148; shall be met if, during the Earn-Out Period,
(a)&nbsp;the Average EBITDA for Surviving RFG is equal to or greater than $6,000,000, and (b)&nbsp;the
Average Revenue for Surviving RFG is equal to or greater than <B>$&#091;</B><B>***</B><B>&#093;</B>, but (c)&nbsp;the Stage 2
Maximum Earn-Out Trigger is not satisfied.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;The &#147;<U><B>Stage 2 Scale Earn-Out Consideration</B></U>&#148; shall be determined as follows:
</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="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">EBITDA Payment
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#043;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Revenue Payment
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">IMV
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">=
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Stage 2 Scale Earn-Out Payment</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Where: &#091;* * *&#093;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In no event shall the Stage 2 Scale Earn-Out Consideration exceed the amount of the Stage 2 Maximum
Earn-Out Consideration. The Stage 2 Scale Earn-Out Consideration shall be payable 79.18% in Merger
Shares, valued at the Merger Shares Value, and 20.82% in cash. An example calculation is set forth
on <U><B>Exhibit&nbsp;D</B></U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.13 </B><U><B>Stage 3 Earn-Out Payment</B></U><B>. </B>The &#147;<U><B>Stage 3 Earn-Out Payment</B></U>&#148; shall be
determined in the following manner:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;If, prior to the end of the Earn-Out Period, Surviving RFG meets the Stage 3 Maximum
Earn-Out Trigger, the Securityholders shall be paid by Calavo the Stage 3 Maximum Earn-Out
Consideration in accordance with Section&nbsp;2.16. For the avoidance of any doubt, the Stage 3 Maximum
Earn-Out Trigger can be met only one time.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The &#147;<U><B>Stage 3 Maximum Earn-Out Trigger</B></U>&#148; shall be met if for three consecutive
months during the Earn-Out Period (each a &#147;<U><B>Measurement Month</B></U>&#148;), (a)&nbsp;the EBITDA for
Surviving RFG for the twelve-month period ended on the last day of each Measurement Month is equal
to or greater than $15,000,000 and (b)&nbsp;the Revenue for Surviving RFG for the twelve-month period
ended on the last day of each Measurement Month is equal to or greater than $<B>&#091;</B><B>***</B><B>&#093;</B>. No
month prior to the 12<SUP style="FONT-size: 85%; vertical-align: text-top">th</SUP> full calendar month after the Closing may be a Measurement
Month.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The &#147;<U><B>Stage 3 Maximum Earn-Out Consideration</B></U>&#148; shall be $50,000,000 in cash and
434,783 Merger Shares.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;If, as of the last day of the Earn-Out Period, Surviving RFG has not met the Stage 3
Maximum Earn-Out Trigger but has met the Stage 3 Scale Earn-Out Trigger, the
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Securityholders shall be paid by Calavo the Stage 3 Scale Earn-Out Consideration, if any, in
accordance with Section&nbsp;2.16.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The &#147;<U><B>Stage 3 Scale Earn-Out Trigger</B></U>&#148; shall be met if during the Earn-Out Period,
(a)&nbsp;the Average EBITDA for Surviving RFG is equal to or greater than $10,000,000, and (b)&nbsp;the
Average Revenue for Surviving RFG is equal to or greater than <B>$&#091;</B><B>***</B><B>&#093;</B>, but (c)&nbsp;the Stage 3
Maximum Earn-Out Trigger has not been met.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;The &#147;<U><B>Stage 3 Scale Earn-Out Consideration</B></U>&#148; shall be determined as follows:
</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="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">EBITDA Payment
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#043;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Revenue Payment
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">-
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">PMV
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">=
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Stage 3 Scale Earn-Out Payment</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Where: &#091;* * *&#093;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In no event shall the Stage 3 Scale Earn-Out Consideration exceed the amount of the Stage 3 Maximum
Earn-Out Consideration. The Stage 3 Scale Earn-Out Consideration shall be payable $10,000,000 in
Merger Shares, valued at Merger Shares Value, and the remainder in cash. An example calculation is
set forth on <U><B>Exhibit&nbsp;D</B></U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.14 </B><U><B>Limitations on Earn-Out Payments</B></U><B>. </B>Notwithstanding the foregoing, in the event
that any Seller breaches any of the covenants contained in Article&nbsp;9, then such Seller shall not be
entitled to receive from Calavo any Earn-Out Payments that would otherwise have been distributed to
such Seller by Purchaser in accordance with this Article&nbsp;2. In such event, the total amount of any
Earn-Out Payments shall be reduced by the total amount of any Earn-Out Payment that such Seller
ceases to have the right to receive. For purposes of this Section, a breach of Article&nbsp;9 by Mr.&nbsp;K.
Catchot, Mr.&nbsp;J. Catchot or Mr.&nbsp;Gibson shall be also attributable to Liberty Fresh Foods, LLC, to
the extent of the breaching Party&#146;s interest therein on the date hereof (as set forth on
<U>Schedule&nbsp;2.14</U> of the Sellers&#146; Disclosure Letter), and any breach of Article&nbsp;9 by Liberty
Fresh Foods, LLC shall be attributable to each of Mr.&nbsp;K. Catchot, Mr.&nbsp;J. Catchot and Mr.&nbsp;Gibson.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.15 </B><U><B>Calculation of Earn-Out Payments</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;During the Earn-Out Period, Calavo shall provide to the Sellers&#146; Representative, at
Calavo&#146;s expense, no later than the monthly meeting of the Board of Directors of Calavo (which in
no event shall be later than 30&nbsp;days after the end of each calendar month), monthly statements
providing in reasonable detail information regarding the operation of the Business and the EBITDA
and Revenues achieved by the Business for the twelve-months ended with the prior calendar month and
the twelve-months ended with the two months immediately preceding such month, together with any
other information reasonably necessary to permit the Sellers&#146; Representative to assess progress
toward the achievement of the Earn-Out Triggers and the Benchmark (each, an &#147;<U><B>Earn-Out
Statement</B></U>&#148;). Each Earn-Out Statement will be prepared in accordance with Financial Statement
Principles. Purchaser shall maintain such accounting records, ledgers, books and other documents
as may be necessary to prepare such statements and
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">make such records, ledgers, books and other documents available to the Sellers&#146; Representative
upon his request after reasonable notice and during normal business hours.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;In the event of any objection by the Sellers&#146; Representative with respect to the
determination of the EBITDA, Revenues or the Earn-Out Payment payable for the Earn-Out Period, the
Sellers&#146; Representative shall give written notice to Calavo of the existence of such objection and
the Parties will attempt to resolve any disputed items in good faith for a period of 30&nbsp;days from
the receipt of such written notice. If the Sellers&#146; Representative does not deliver a written
objection within 30&nbsp;days after his receipt of an Earn-Out Statement, then the calculation of the
EBITDA, Revenues and the Earn-Out Payment payable for the Earn-Out Period as set forth in the
applicable Earn-Out Statement shall be deemed to have been accepted.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Failing resolution pursuant to Section&nbsp;2.15(b) within 30&nbsp;days after receipt of the written
notice of objection from the Sellers&#146; Representative, then either Calavo or the Sellers&#146;
Representative may submit any unresolved disputed items with respect to the amount of EBITDA,
Revenues or the Earn-Out Payment payable for the Earn-Out Period for binding resolution to the
Independent Accounting Firm. Calavo and the Sellers&#146; Representative shall direct the Independent
Accounting Firm to, within 30&nbsp;days following such submission, resolve the unresolved objections and
such resolution shall be final and binding on all Parties hereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Each of Calavo and the Sellers&#146; Representative shall submit to the Independent Accounting
Firm (with a copy delivered to the other on the same day), within 10&nbsp;days after the date of the
engagement of the Independent Accounting Firm, a memorandum (which may include supporting exhibits)
setting forth their respective positions on the unresolved objections. Each of Calavo and the
Sellers&#146; Representative may (but shall not be required to) submit to the Independent Accounting
Firm (with a copy delivered to the other on the same day), within 20&nbsp;days after the date of the
engagement of the Independent Accounting Firm, a memorandum responding to the initial memorandum
submitted to the Independent Accounting Firm by the other Party. Unless requested by the
Independent Accounting Firm in writing, no Party hereto may present any additional information or
arguments to the Independent Accounting Firm, either orally or in writing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Within 30&nbsp;days after the date of its engagement hereunder, the Independent Accounting Firm
shall issue a written ruling which shall include a revised Earn-Out Statement as adjusted (i)
pursuant to any resolutions to objections agreed upon by Calavo and the Sellers&#146; Representative and
(ii)&nbsp;pursuant to the Independent Accounting Firm&#146;s resolution of the unresolved objections. The
Independent Accounting Firm shall review only those matters specified in the unresolved objections
and shall make no changes to the Earn-Out Statement, except as are required to resolve the
unresolved objections. The Earn-Out Statement provided by the Independent Accounting Firm pursuant
to this Section&nbsp;2.15 shall be deemed to be the final Earn-Out Statement and it shall be final and
binding on all Parties hereto. The Parties agree that the procedure set forth in this Section&nbsp;2.15
for resolving disputes with respect to the Earn-Out Statement shall be the sole and exclusive
method for resolving any such disputes. The Independent Accounting Firm&#146;s determination may be
enforced in any court of competent jurisdiction, but the substance of the Independent Accounting
Firm&#146;s determination shall not be subject to review in any such proceeding.
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Calavo, on the one hand, and the Sellers, on the other hand, shall each be responsible for
one-half of the fees and expenses of the Independent Accounting Firm.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;After the Closing, upon reasonable written notice, Purchaser shall furnish or cause to be
furnished to the Sellers&#146; Representative access, during normal business hours, to the Books and
Records of Surviving RFG for any reasonable business purpose. The Sellers&#146; Representative
acknowledges that receipt of (i)&nbsp;the Earn-Out Statements, together with any supporting
documentation, and any information which may be gained as a result of the access contemplated by
such Section&nbsp;2.15, to the extent not already disclosed to the public, may constitute receipt of
confidential and/or material, non-public information (the &#147;<U><B>Earn-Out Statement Confidential
Information</B></U>&#148;) concerning Purchaser. In addition, the Sellers&#146; Representative acknowledges that
he and the other Sellers are prohibited from (i)&nbsp;purchasing or selling Securities of Calavo until
48 hours after such Earn-Out Statement Confidential Information (or financial information of the
Purchaser covering the relevant time period to which the Earn-Out Statement Confidential
Information relates) is disclosed to the public and (ii)&nbsp;communicating such Earn-Out Statement
Confidential Information to any other Person under circumstances in which it is reasonably
foreseeable that such Person will purchase or sell Securities of Calavo until such Earn-Out
Statement Confidential Information (or financial information of Calavo covering the relevant time
period to which the Earn-Out Statement Confidential Information relates) is disclosed to the
public. In addition, the Sellers&#146; Representative shall cause any Person (including any of the
Sellers&#146; Representative&#146;s officers, employees, directors, managers, advisors, agents, attorneys,
accountants or Representatives) receiving access to Earn-Out Statement Confidential Information on
behalf of the Sellers&#146; Representative to keep such Earn-Out Statement Confidential Information
confidential and not disclose any such Earn-Out Statement Confidential Information to others.
Notwithstanding anything in this Agreement to the contrary, the Sellers&#146; Representative shall be
entitled to disclose Earn-Out Statement Confidential Information (i)&nbsp;if requested or required by
law, regulation or legal or regulatory process (in which case, prior to such disclosure the
Sellers&#146; Representative will give the Purchaser prior written notice and an opportunity to obtain,
at the Purchasers&#146; sole cost and expense, a protective order or other appropriate remedy against
such disclosure; in the event such protective order or other remedy is not obtained, the Sellers&#146;
Representative will use commercially reasonable efforts to disclose only that portion of the
Earn-Out Statement Confidential Information which is legally required to be disclosed and to ensure
that all Earn-Out Statement Confidential Information that is so disclosed will be accorded
confidential treatment, in each case at the Purchasers&#146; sole cost and expense) and (ii)&nbsp;to the
extent necessary to enforce its rights under this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.16 </B><U><B>Payment of Earn-Out Payments</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Within thirty days after the delivery of the Earn-Out Statement showing that such Earn-Out
Trigger has been met, or if such Earn-Out Payment is subject to dispute, within thirty days after
the resolution of any such dispute:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Calavo shall pay to the Trust the cash portion of the Earn-Out Payment in cash by wire
transfer in accordance with the written instructions of the Trust.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Calavo shall cause its transfer agent to issue a stock certificate in the name of the
Trust to the Trust to evidence the Merger Shares portion of the Earn-Out Payment, if any.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Late payments by Calavo shall accrue interest (with any Merger Shares being valued at the
Merger Shares Value) at a rate of ten percent (10%) per annum or the maximum permissible statutory
rate if it is less.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.17 </B><U><B>Operation of Surviving RFG During the Earn-Out Period</B></U><B>.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except (x)&nbsp;as set forth on <U>Schedule&nbsp;2.17</U> of the Sellers&#146; Disclosure Letter (the
&#147;<U><B>Capital Expenditure Plan</B></U>&#148;) and (y)&nbsp;as both members of the Board of Managers may otherwise
agree in writing, from the Closing Date through and including the last day of the Earn-Out Period,
the Business of Surviving RFG shall be operated in accordance with this Agreement and the Operating
Agreement and in the ordinary course consistent with the operation of the Business of the RFG
Family Entities prior to the Closing Date. During the Earn-Out Period, except as both members of
the Board of Managers may otherwise agree in writing, Calavo shall not, and shall not cause
Surviving RFG to, and Surviving RFG shall not:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;sell, assign, transfer, lease or otherwise dispose of any material assets or properties of
Surviving RFG, except for sales of inventory in the ordinary course of business consistent with
past practice and for distributions of cash to Calavo, subject to Section&nbsp;2.17(b) (below);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;sell, assign, transfer or otherwise dispose of Surviving RFG or the Securities of
Surviving RFG, including by stock sale, merger, consolidation, stock exchange, sale of assets or
similar transaction; provided, however, that the preceding covenant shall not be construed as
prohibiting Calavo from merging or consolidating with another corporation or business entity, which
shall be in compliance with Section&nbsp;2.18(c) below;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;change the type or nature of Surviving RFG&#146;s business from the Business conducted by the
RFG Family Entities immediately prior to the Effective Time;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;transfer any portion of Calavo&#146;s business to Surviving RFG;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;&#091;* * *&#093;;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;&#091;* * *&#093;;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;&#091;* * *&#093;;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;allocate to Surviving RFG corporate overhead charges relating to the operation of its
business in excess of the adjusted overhead costs of the Business as of the date of this Agreement,
except as necessary to bring Surviving RFG into compliance with Calavo&#146;s policies and procedures as
set forth in Section&nbsp;2.19, or as may be required by Law, which additional compliance costs in no
event shall exceed $&#091;* * *&#093; in the aggregate on an annual basis as set forth in Section&nbsp;2.19; or
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;except as set forth in the applicable Employment Agreement, terminate other than for
Cause (as defined in the applicable Employment Agreement) the employment of any of the Earn-Out Key
Employees with Surviving RFG.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Calavo agrees that, during the Earn-Out Period, it shall provide to Surviving RFG (i)
funds for Capital Expenditures as set forth in the Capital Expenditure Plan and (ii)&nbsp;Working
Capital, in an aggregate amount up to $3,000,000, if and to the extent reasonably necessary to
operate Surviving RFG in a manner that is consistent with the manner in which the Business of the
RFG Family Entities has been conducted prior to the date of this Agreement. In addition, if
Surviving RFG pays one or more cash dividends to Calavo during the Earn-Out Period, which when
aggregated with all other cash dividends during the Earn-Out Period up to the date of measurement
in the aggregate exceed forty percent (40%) of the taxable income earned by Surviving RFG during
the Earn-Out Period up to the date of measurement, the maximum Working Capital of $3,000,000 as set
forth above shall be increased by an amount equal to the excess cash dividends over the 40% of
cumulative taxable income as provided above. For example, if RFG has generated an aggregate of
$5,000,000 in taxable income and Calavo has taken cash dividends of $5,000,000, the maximum Working
Capital shall be increased from $3,000,000 to $6,000,000 ($3,000,000 &#043; (60%)($5,000,000)). In no
event shall any cumulative cash dividend exceed taxable income of Surviving RFG for the period from
the Closing until the end of the Earn-Out Period. Calavo shall not charge Surviving RFG any
interest expense related to the funds provided pursuant to this paragraph, and Calavo retains sole
discretion to provide Surviving RFG with funds that are in excess of the required funds described
in this paragraph. So long as Calavo complies with the covenants that are set forth in the three
immediately preceding sentences, Calavo shall be permitted to cause Surviving RFG to distribute
cash dividends to Calavo from Surviving RFG&#146;s taxable income, in such amount and at such times
determined by Calavo, with or without the consent of the Board of Managers. &#147;<U>Working
Capital</U>&#148; means funds for the purpose of everyday operations of Surviving RFG. Working Capital
shall not be used for purposes of Capital Expenditures or other long term assets or investments.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Surviving RFG shall be attributed any Revenues (and associated EBITDA) generated from &#091;* *
*&#093;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Notwithstanding anything to the contrary in this Agreement, in the event that Calavo
becomes the landlord to Surviving RFG or any of its Subsidiaries during the Earn-Out Period, Calavo
shall be entitled to charge Surviving RFG or its Subsidiaries, as applicable, rent at the rate set
forth in the Real Property Lease for purposes of calculating EBITDA; provided however that Calavo
may not increase the amount of such rent during the Earn-Out Period without the consent of the
Board of Managers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.18 </B><U><B>Calavo&#146;s Additional Earn-Out Period Covenants</B></U>. During the Earn-Out Period,
Calavo shall:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;maintain Surviving RFG as a separate legal entity and conduct the business of Surviving
RFG exclusively through Surviving RFG, and ensure that there is no commingling of the amounts
attributable to the business of Surviving RFG with that of Calavo or any of its other Affiliates or
Subsidiaries;
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;maintain separate books and records of Surviving RFG, so that the Earn-Out Statements may
be verified by the Sellers&#146; Representative;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;require any successor to Calavo (whether by merger, sale of substantially all of Calavo
assets, or otherwise) to assume and agree, in writing, to perform this Agreement, in the same
manner and to the same extent that Calavo would have been required to perform if no such succession
had taken place;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;subject to the requirements of this Section&nbsp;2.18(d), so long as their applicable
Employment Agreements remain in effect, provide the Earn-Out Key Employees with management
authority for the day-to-day operations of Surviving RFG (including authority to implement the
equipment and plant upgrades described in the Capital Expenditure Plan) and the authority to enter
into Contracts and agreements, and modifications thereto, with suppliers, distributors, customers
and vendors in the ordinary course of business consistent with past practices; provided, however,
that &#091;* * *&#093;.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;to facilitate the Business of Surviving RFG, and to implement long term arrangements, the
Board of Managers shall work together to review any New Material Contracts and to review and
approve any other matters otherwise requiring Calavo&#146;s approval under Section&nbsp;2.18(d).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.19 </B><U><B>Operation of Surviving RFG Consistent with Calavo&#146;s Policies and Procedures</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Notwithstanding anything to the contrary in this Agreement, at all times during and after
the Earn-Out Period, the business of Surviving RFG (at Surviving RFG&#146;s expense, except as where
otherwise noted below), shall be operated consistently with and in compliance with all of Calavo&#146;s
applicable policies and procedures and in accordance with applicable Law, including, without
limitation:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Calavo&#146;s policies and procedures relating to accounting (including the recognition of
revenue and the management of accounts receivable and payable);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Calavo&#146;s requirements with respect to the implementation and maintenance of effective
internal financial controls and procedures and disclosure controls in accordance with Calavo&#146;s
policies and in compliance with the Sarbanes Oxley Act of 2002, as amended, consistent with the
operating units of Calavo, which controls and procedures shall be subject to internal and external
audit and testing and which may require supplementing the finance, operating and accounting
resources of Surviving RFG;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;Other quality and safety control, legal and regulatory compliance, operating management
policies and other programs, policies and principles that apply generally to the other operating
units of Calavo;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;Calavo&#146;s requirements with respect to maintenance of certain levels of insurance, as
applied generally to other operating units of Calavo; and
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;The oversight and ultimate control of the Board of Directors of Calavo, which has
fiduciary duties to Calavo and its stockholders under applicable Law, to the same extent as the
business and affairs of the other operating units of Calavo (provided such control is exercised in
accordance with the terms of this Agreement).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Notwithstanding the foregoing, (i)&nbsp;the expenses incurred by Surviving RFG in connection
with complying with subsections (a)(i) and (a)(ii) in excess of $&#091;* * *&#093; per year shall be excluded
from calculations of EBITDA, and (ii)&nbsp;no expenses of Calavo or Calavo&#146;s other Subsidiaries, other
than as specifically relates to Surviving RFG and as incurred by Surviving RFG, with respect to the
items set forth in this Section&nbsp;2.19 shall be allocated to Surviving RFG for purposes of
calculating EBITDA.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.20 </B><U><B>Additional Earn-Out Period Restrictions</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Each Seller agrees and acknowledges that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the provisions of this Article are an integral part of the consideration to be received by
the Sellers;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;there may be no Earn-Out Payments payable pursuant to the provisions of this Article;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;the rights of a Seller under this Article are not transferable except to the Trust, and
provided further that the right to receive the cash portion of the Earn-Out Payments may be
transferred to Permitted Assignees; provided that Calavo is given prior written notice of such
transfer and provided further that at all times after the transfer, the transferring Seller agrees
in writing to remain (i)&nbsp;jointly and severally liable with the Permitted Assignee for the
performance of his, her or its obligations under this Agreement and for otherwise complying with
this Agreement, and (ii)&nbsp;obligated to indemnify and save harmless the other Parties against any
Losses incurred as a result of the failure by the Permitted Assignee to comply with this Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;the rights of the Securityholders under this Article shall not be represented by a
certificate or other instrument and shall not represent an ownership interest in Calavo or any of
its Affiliates or Subsidiaries unless or until such rights actually become payable under the
Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;the rights of the Securityholders to payment of Earn-Out Payments shall not bear any
interest, except for interest occasioned by untimely payment by Calavo as set forth in this
Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;unless approved in writing by Calavo, the Sellers and the Board of Managers shall have no
right or authority, under this Agreement or in the capacity of manager, officer, employee or agent
of Surviving RFG (except as otherwise approved by Calavo), directly or indirectly, (i)&nbsp;to cause
Calavo or any of its Subsidiaries other than Surviving RFG to become a party to, or otherwise to
become obligated under, any loan agreement, guaranty, security
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">agreement or other agreement, (ii)&nbsp;to cause Surviving RFG or any of its Subsidiaries to issue
any Securities, (iii)&nbsp;to cause Surviving RFG to amend its Organizational Documents, (iv)&nbsp;to remove
any managers from Surviving RFG, if any, or to appoint new managers to Surviving RFG, except as
explicitly set forth in the Operating Agreement, (v)&nbsp;to cause Surviving RFG or any of its
Subsidiaries to incur any Indebtedness or to pledge, encumber, or grant a security in, any of its
Assets, (vi)&nbsp;to change Surviving RFG&#146;s accounting practices or principles, (vii)&nbsp;to cause Surviving
RFG or any of its Subsidiaries to dissolve, liquidate or merge with any other entity, or (viii)&nbsp;to
cause Surviving RFG or any of its Subsidiaries to take any action that breaches any of the
covenants described above in Sections&nbsp;2.17, 2.18, or 2.19; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;if one or more of the Sellers cause Surviving RFG or any of its Subsidiaries to be
operated in a manner that breaches any of the covenants described above in Sections&nbsp;2.17, 2.18, or
2.19, then such covenant shall not be deemed to have been breached by Calavo for purposes of this
Agreement and neither Calavo nor Surviving RFG shall have any liability to the Sellers by reason
of, or arising out of, the breach of such covenant.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Notwithstanding anything to the contrary in this Agreement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;For purposes of this Section, Calavo shall be entitled, through its officers, employees
and Representatives (including any third party inspectors retained at Calavo&#146;s sole expense), to
reasonable access during normal business hours (or off hours, if agreed to by Calavo and Surviving
RFG) to the Leased Real Property: (i)&nbsp;at any time within the 6&nbsp;months after the Closing, for
purposes of inspecting the Leased Real Property to identify any reasonable remedial actions that
may be required within 5&nbsp;years after the Closing Date (the &#147;<U><B>Baseline Inspection</B></U>&#148;) for
Surviving RFG to be in compliance with the below requirements prior to the 5&nbsp;year anniversary of
the Closing Date (and the time frame, if applicable, for Surviving RFG to undertake such remedial
actions); and (ii)&nbsp;at any time within the 2-month period prior to the end of the Earn-Out Period
(or what is reasonably expected to be the end of the Earn-Out Period if prior to the fifth
anniversary of the Closing Date), but in no event later than two (2)&nbsp;weeks prior to the end of the
Earn-Out Period, for purposes of inspecting the Leased Real Property to evaluate Surviving RFG&#146;s
compliance with the foregoing requirements (the &#147;<U><B>Compliance Inspection</B></U>&#148;). In exercising
its rights hereunder, Calavo shall conduct itself so as not to materially and adversely interfere
in the conduct of the business of Surviving RFG.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Pursuant to the completion of the Baseline Inspection, Calavo shall provide to Surviving
RFG, at Calavo&#146;s sole expense and no later than 60&nbsp;days after the completion of the Baseline
Inspection, a written report (the &#147;<U>Inspection Report</U>&#148;) detailing: (a)&nbsp;maintenance schedules
of such reasonable remedial actions that shall be required to be completed within 5&nbsp;years after the
Closing Date; and (b)&nbsp;a list of any equipment or facilities that shall require maintenance, repair,
or replacement prior to the end of the Earn-Out Period. The Board of Managers shall approve the
Inspection Report, or to the extent of any disagreement thereon, submit such disagreement to a
third party inspector determined by the Board of Managers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;As of the last day of the Earn-Out Period, at the sole cost and expense of Surviving RFG
(including for purposes of calculating EBITDA), (a)&nbsp;all material building systems located in the
Leased Real Property, shall be in good operating condition and
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">repair, ordinary wear and tear, as described below, excepted; (b)&nbsp;the Leased Real Property
shall be in compliance with all applicable Laws, except to the extent such noncompliance does not
materially affect the use of the property as described in the lease and for breaches and violations
that would not, or have not, individually or in the aggregate had or would be reasonably expected
to have, a Material Adverse Effect; and (c)&nbsp;the Leased Real Property shall be free of all Hazardous
Materials, except for inventories of such substances to be used, and wastes generated therefrom, in
the ordinary course of business of Surviving RFG (which inventories and wastes, if any, have been
and are stored or disposed of in accordance with applicable Environmental Laws). Surviving RFG, at
its sole expense for EBITDA purposes, shall take such steps as may be required to bring Surviving
RFG into compliance with this Section by the end of the Earn-Out Period (or reasonably expected end
of the Earn-Out Period if prior to the fifth anniversary of the Closing Date).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&#147;Ordinary wear and tear&#148; shall not include (a)&nbsp;any damage or deterioration that would
have been prevented by good maintenance practice (as determined by a third party building and
equipment inspector approved by the Board of Managers and as provided in the maintenance schedules
set forth in the Inspection Report), (b)&nbsp;any repairs or replacements identified by Calavo in the
Inspection Report, as approved by the Board of Managers pursuant to subsection (ii), or (c)&nbsp;any
repairs or replacements reasonably required by a malfunction or failure in a material building
system or material defect to the Leased Real Property that is the responsibility of Surviving RFG
under the lease for such property.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.21 </B><U><B>Early Termination of Covenants</B></U><B>.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The covenants set forth in &#091;* * *&#093; shall be suspended at Calavo&#146;s option, if, and for so
long as, for any twelve calendar month period ending during the Control Period, Covenant EBITDA is
less than $&#091;* * *&#093; (the &#147;<U><B>Benchmark</B></U>&#148;); provided, however, that the covenants set forth in &#091;*
* *&#093; shall be reinstated for any period during the Control Period that the Benchmark is met and
Calavo shall act in good faith during the time of any such suspension. To the extent that
Surviving RFG makes Capital Expenditures that are in excess of the Capital Expenditures set forth
in the Capital Expenditure Plan during or after the time of any such suspension, the Earn-Out
Payments, if any, shall be reduced by the amount of such excess.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The &#147;<U><B>Covenant EBITDA</B></U>&#148; shall mean the EBITDA for the twelve-month period shown on
the Earn-Out Statement for the applicable month, subject to the following adjustment (the
&#147;<U><B>Force Majeure Adjustment</B></U>&#148;): At any time prior to the 15th day after receipt of an Earn-Out
Statement that may have been affected by an Force Majeure Event, the Sellers&#146; Representative may
request that Calavo revise the Covenant EBITDA based on such Force Majeure Event (&#147;<U><B>Adjustment
Request</B></U>&#148;) by sending written notice to Calavo that a Force Majeure Event has occurred and the
nature of the Force Majeure Event. Calavo and the Sellers&#146; Representative will attempt in good
faith for a period of 30&nbsp;days after the Adjustment Request to determine the EBITDA for such period
as if the Force Majeure Event identified in the Adjustment Request had not occurred. If Calavo and
Sellers&#146; Representative cannot mutually agree upon an adjusted EBITDA number for such period, the
matter shall be submitted to an Independent Accounting Firm as set forth in Section&nbsp;2.15. Force
Majeure Adjustments pursuant to the above shall be made for the twelve-month period ending with the
month for which the
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Sellers&#146; Representative made the Adjustment Request and the twelve-month periods ending on the
last day of the five months following such month (six months in total).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The Employment Agreements for Mr.&nbsp;K. Catchot, Mr.&nbsp;J. Catchot and Mr.&nbsp;Gibson shall provide
for reduction in the compensation levels of Mr.&nbsp;K. Catchot, Mr.&nbsp;J. Catchot and Mr.&nbsp;Gibson for the
purpose of achieving the Benchmark. The Employment Agreements for Mr.&nbsp;K. Catchot, Mr.&nbsp;J. Catchot
and Mr.&nbsp;Gibson shall provide for similar reduction in the event the Covenant EBITDA for the
twelve-month period ending any time during the period starting with the first full calendar month
after the Closing and continuing until the beginning of the Control Period is less than $&#091;* * *&#093;;
provided, however, that if for the twelve-month period ending on the last day of the twelfth
calendar month after the Closing, the Revenues generated by any of the Top 5 Customers is less than
50% of the Revenues generated during the twelve months prior to Closing, such loss in Revenues from
the Top 5 Customer which had the greatest reduction in Revenues shall be treated as a Force Majeure
Event.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;In addition, the Employment Agreement for Mr.&nbsp;J. Catchot shall provide that his
compensation may be reduced by up to $55,000 per annum at any time, if such reduction is requested
in a written notice to Surviving RFG from Sellers&#146; Representative.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.22 </B><U><B>Withholding</B></U>. Calavo shall be entitled to deduct and withhold from the
consideration otherwise payable pursuant to this Agreement to the Securityholders such amounts as
it is required to deduct and withhold and pay to applicable taxing authorities with respect to such
payment under the Code, or any provision of state, local or foreign Tax law. To the extent that
amounts are so withheld from the Securityholders, such withheld amounts shall be treated for all
purposes of this Agreement as having been paid to the Securityholders. The Sellers shall be
responsible for paying any and all Taxes that are incurred as a result of the payment of the Merger
Consideration to them.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.23 </B><U><B>Lock-Up</B></U><B>. </B>In addition to any restrictions imposed by the Securities Act or
Section&nbsp;2.10, (a)&nbsp;with respect to the Initial Merger Shares, during the period beginning on the
Closing Date and ending on the six month anniversary of the Closing Date, and (b)&nbsp;with respect to
the Stage 2 Merger Shares and Stage 3 Merger Shares, during the period beginning with the date of
issuance and ending on the six month anniversary of such issuance (each, a &#147;<U><B>Lock-Up
Period</B></U>&#148;), each Seller agrees that he or it will not sell, assign, pledge or otherwise transfer
any of the Merger Shares, and will not agree to take any of the preceding actions, without Calavo&#146;s
prior written consent. In addition, each Seller agrees that, during the Lock-Up Period, he or it
will not engage in (i)&nbsp;any short sale of shares Common Stock, (ii)&nbsp;any hedging transaction
regarding shares of Common Stock, or (iii)&nbsp;any grant of a put or call option regarding shares of
Common Stock. The obligations set forth in this Section also apply (i)&nbsp;to all shares of Common
Stock that the Sellers may receive as a stock dividend or other distribution on the Merger Shares
and (ii)&nbsp;to all other Securities of Calavo that the Sellers may receive in a recapitalization or
similar transaction in exchange for the Merger Shares. The agreements set forth in this Section are
irrevocable and binding upon the successors, personal representative, heirs and assigns of each
Seller. To ensure compliance with the provisions of this Section&nbsp;2.23, (x)&nbsp;the certificates
evidencing the Merger Shares shall bear the legends described in Section&nbsp;4.7 and (y)&nbsp;Calavo shall
be entitled to place stop transfer orders with its transfer agent that are consistent with the
terms of this Section&nbsp;2.23.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.24 </B><U><B>Payments by Trust.</B></U> Distributions from the Trust shall be made in such
proportions as set forth in Exhibit&nbsp;A, except for reductions resulting from the obligations of the
Sellers as set forth in this Agreement or as otherwise agreed to by the Sellers in accordance with
the Organizational Documents of the Trust. No consideration shall be distributed by the Trust
except in compliance with this Agreement, or as may otherwise be agreed by and amongst the Sellers.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;3</B><BR>
<U><B>REPRESENTATIONS AND WARRANTIES</B></U><BR>
<U><B>ABOUT THE RFG FAMILY ENTITIES</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except in each case as disclosed in the appropriate section of the separate disclosure letter
(or in any other section of the disclosure letter to the extent that the relevance of any such
disclosure to any other section of the disclosure letter is reasonably apparent on the face of such
disclosure), which has been delivered by the Sellers to Purchaser prior to the execution of this
Agreement (the &#147;<U><B>Sellers&#146; Disclosure Letter</B></U>&#148;), the Sellers jointly and severally represent
and warrant to Purchaser that the following representations and warranties (in addition to any
representations and warranties made by any of them elsewhere in this Agreement) are true, correct
and complete as of the date of this Agreement, and that such representations and representations
will be true, correct and complete as of the Closing Date as though remade on the Closing Date with
references to the Closing Date substituted for references to the date of this Agreement:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.1 </B><U><B>Organization, Authority and Qualification of the RFG Family Entities</B></U>. Each of the
RFG Family Entities is duly organized, validly existing and in good standing under the laws of its
jurisdiction of organization and has all necessary power and authority to enter into this
Agreement, to carry out its obligations hereunder, to consummate the transactions contemplated
hereunder, and to own, operate or lease all the properties and Assets now owned, operated or leased
by it and to carry on its respective business as it has been and is now being conducted. The
jurisdiction of organization for each RFG Family Entity, and each jurisdiction in which such RFG
Family Entity is licensed or qualified to do business, is set forth on <U>Schedule&nbsp;3.1</U>. Each
of the RFG Family Entities is duly licensed or qualified to do business and is in good standing in:
(a)&nbsp;each jurisdiction in which the properties owned or leased by such RFG Family Entity are
located; and (b)&nbsp;where the operation of its business makes such licensing or qualification
necessary. No RFG Family Entity is in violation of any provision of any of its Organizational
Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.2 </B><U><B>Capitalization.</B></U> <U><B>Exhibit&nbsp;A</B></U> reflects all of the issued and outstanding
Securities of RFG. Except as set forth on <U>Schedule&nbsp;3.2</U>, each Securityholder is the
beneficial and record owner of the Securities set forth opposite such Securityholder&#146;s name on
<U><B>Exhibit&nbsp;A</B></U>, and such Securities are free and clear of all Encumbrances. All the Securities
are validly issued, fully paid and non-assessable. No Securities of any RFG Family Entity were
issued in violation of, and are not subject to, any right of first offer, right of first refusal,
preemptive right or similar right that would survive the Closing. There are no Securities of RFG
held in treasury. There is no Liability for dividends accrued and unpaid by RFG or any of the RFG
Family Entities that will survive the Closing. There are no, and no RFG Family Entity is bound by
or subject to any, (i)&nbsp;preemptive or other outstanding rights, subscriptions, options, warrants,
conversion, put, call, exchange or
</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">other rights, agreements, commitments, arrangements or understandings of any kind pursuant to
which any RFG Family Entity, contingently or otherwise, is or may become obligated to offer, issue,
sell, purchase, return or redeem, or cause to be offered, issued, sold, purchased, returned or
redeemed, any Securities; (ii)&nbsp;stockholder agreements, voting trusts, proxies or other agreements
or understandings to which any RFG Family Entity is a party or to which any RFG Family Entity is
bound relating to the holding, voting, sale, purchase, redemption or other acquisition of
Securities; or (iii)&nbsp;agreements, commitments, arrangements, understandings or other obligations to
declare, make or pay any dividends or distributions, whether current or accumulated, or due or
payable, on any Securities, in each case of (i), (ii)&nbsp;or (iii)&nbsp;above that would survive the
Closing. Except for this Agreement, no RFG Family Entity is, or is obligated to become, a party to
any Contract for the sale of or is otherwise obligated to sell, transfer or otherwise dispose of
any Securities that would survive the Closing. No RFG Family Entity has outstanding any bonds,
debentures, notes or other debt-like obligations the holders of which have the right to vote (or
which are convertible into or exercisable for Securities having the right to vote) with the equity
holders of any RFG Family Entity on any matter. All Securities of each of the RFG Family
Entities have been offered, issued, sold and delivered in compliance with all federal and state
securities Laws.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.3 </B><U><B>Subsidiaries and Other Interests</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The LLCs are the only direct or indirect Subsidiaries of RFG, and RFG owns all of the
issued and outstanding Securities of the LLCs. There is no agreement, arrangement or understanding
regarding the transfer, sale or issuance of any Securities or any interest convertible into a
Security in either LLC. Except as set forth on <U>Schedule&nbsp;3.3(a)</U>, RFG does not, directly or
indirectly, own any equity interests in any Person other than the LLCs.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;There are no outstanding obligations of any RFG Family Entity to make any investment in or
provide funds (whether in the form of a loan, capital contribution or otherwise), and no RFG Family
Entity currently has outstanding any such investment or provision of funds, to any other Person
other than ownership of, and loans to and intercompany balances to and from, the other RFG Family
Entities. No Person is in default with respect to such Person&#146;s obligation to repay any loan to RFG
or any other RFG Family Entity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;None of the RFG Family Entities (i)&nbsp;is a party to, or has any commitment to become a party
to, an exchange traded or over-the-counter equity, interest rate, foreign exchange or other swap,
forward, future, option, cap, floor or collar of any other Contract that is not reflected on the
Financial Statements and is a derivatives contract (including various combinations thereof) or (ii)
owns derivative Securities or other Securities that are likely to have changes in value as a result
of interest or exchange rate changes that significantly exceed normal changes in value attributable
to interest or exchange rate changes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.4 </B><U><B>Due Authorization</B></U>. The execution and delivery of this Agreement and any other
documents or instruments required to be executed and/or delivered pursuant to the terms of this
Agreement by RFG, the performance by the RFG Family Entities of their obligations hereunder and
thereunder, and the consummation by the RFG Family Entities of the transactions contemplated hereby
and, as applicable, thereby have been duly and validly authorized by all requisite action on the
part of the RFG Family Entities. This Agreement has been duly and
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">validly executed and delivered by RFG and (assuming due authorization, execution and delivery
by Purchaser and any other Parties hereto other than RFG) this Agreement and each other document or
instrument executed pursuant to the terms of this Agreement constitutes (or, in the case of any
other document or instrument to be executed after the date hereof, will constitute) a legal, valid
and binding obligation of RFG enforceable against RFG, as applicable, in accordance with its terms,
subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and
other similar laws relating to or affecting creditors&#146; rights generally and general equitable
principles (whether considered in a proceeding in equity or at law). No other approval,
authorization or commitment or undertaking by any equity holder, partner, or member of RFG is
necessary for the consummation of the transactions contemplated hereby.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.5 </B><U><B>No Conflict</B></U>. <U>Schedule&nbsp;3.5</U> of the Sellers&#146; Disclosure Letter lists all
consents, approvals, authorizations, filings, and notifications required on the part of RFG for the
consummation of the transactions contemplated hereby. Assuming that all consents, approvals,
authorizations and other actions described in <U>Schedule&nbsp;3.5</U> of the Sellers&#146; Disclosure
Letter have been obtained and all filings and notifications listed in <U>Schedule&nbsp;3.5</U> of the
Sellers&#146; Disclosure Letter have been made, the execution, delivery and performance of this
Agreement, each other document or instrument executed pursuant to the terms of this Agreement and
of the transactions contemplated hereby by the RFG Family Entities do not and will not: (a)
violate, conflict with or result in a breach of any provision of any RFG Family Entity&#146;s
Organizational Documents; (b)&nbsp;conflict with or violate any Law or Governmental Order applicable to
any RFG Family Entity or by which any of its Assets, properties or Businesses is bound or affected;
(c)&nbsp;conflict with, result in any breach of, constitute a default (or event which with the giving of
notice or lapse of time, or both, would become a default) under, require any consent under, or give
to others any rights of termination, amendment, acceleration, suspension, increase in payment,
revocation or cancellation of any provision under the terms of any Contract; or (d)&nbsp;result in the
creation of any Encumbrance on any of the Assets of any of the RFG Family Entities (other than
Permitted Encumbrances). No holder of any Securities of RFG will have any dissenter&#146;s, appraisal
or similar rights by reason of this Agreement or the Merger.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.6 </B><U><B>Governmental Consents and Approvals</B></U>. Except (a)&nbsp;for compliance with the
applicable requirements of the HSR Act and the expiration of the applicable waiting period
thereunder, if any, and (b)&nbsp;for the approvals as otherwise described in <U>Schedule&nbsp;3.6</U> of the
Sellers&#146; Disclosure Letter, the execution, delivery and performance of this Agreement and each
other document or instrument executed by any of the RFG Family Entities pursuant to this Agreement
does not require any consent, approval, authorization or other order of, action by, filing with or
notification to any Governmental Authority or other third party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.7 </B><U><B>Financial Information</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Schedule&nbsp;3.7(a)</U> of the Sellers&#146; Disclosure Letter contains true and complete
copies of (i)&nbsp;the unaudited balance sheet for the RFG Family Entities on a consolidated basis,
dated March&nbsp;31, 2011 and the related unaudited consolidated statements of income for the 3&nbsp;month
period then ended (the &#147;<U><B>Interim Financial Statements</B></U>&#148;), and (ii)&nbsp;an audited consolidated
balance sheet of the RFG Family Entities as of December&nbsp;31, 2010, and December&nbsp;31, 2009, and the
related consolidated audited statements of income for each of the fiscal years
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">then ended (the &#147;<U><B>Year-End Financial Statements</B></U>&#148; and, together with the Interim
Financial Statements, collectively referred to herein as the &#147;<U><B>Financial Statements</B></U>&#148;). The
Financial Statements: (w)&nbsp;were prepared in accordance with GAAP; (x)&nbsp;present fairly, in all
material respects, the financial condition and results of operations of the RFG Family Entities as
of the dates thereof or for the periods covered thereby (subject, in the case of the Interim
Financial Statements, to normal year-end adjustments, which, if made as of the date hereof, would
not be material, individually or in the aggregate, and the absence of footnotes); and (y)&nbsp;include
all adjustments that are necessary for a fair presentation of the financial condition of the RFG
Family Entities and the results of the operations of the RFG Family Entities as of the dates
thereof or for the periods covered (subject, in the case of the Interim Financial Statements, to
normal year-end adjustments, which, if made as of the date hereof, would not be material,
individually or in the aggregate, and the absence of footnotes), and were prepared from the books
and records of the RFG Family Entities. All reserves reflected on the Financial Statements have
been established in accordance with GAAP, except as otherwise specified in <U>Schedule&nbsp;3.7(a)</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Since the date of the Exclusivity Agreement, RFG has not paid or become obligated to pay,
in the aggregate, more than $&#091;***&#093; for the equipment that is listed in <U>Schedule&nbsp;3.7(a)</U> to
this Agreement and all other equipment purchased by the RFG Family Entities since the date of the
Exclusivity Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;None of the RFG Family Entities has had any material disagreement with its auditors or
other event during any of the past three full fiscal years or during the current fiscal year, which
disagreement or other event would be required to be disclosed under Item&nbsp;304 of Regulation&nbsp;S-K
promulgated under the Exchange Act (such requirement to be determined assuming RFG is registered
under Section&nbsp;12 of the Exchange Act and is required to file reports under Section&nbsp;13 of the
Exchange Act).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.8 </B><U><B>Books and Records</B></U>. Copies of the Organizational Documents of each of the RFG
Family Entities, as currently in effect, have been delivered to Purchaser, and are complete. The
books of account and other financial records of the RFG Family Entities, all of which have been
made available to Purchaser, reflect actual, bona fide transactions and have been maintained in
accordance with the RFG Family Entities&#146; business practices. None of the RFG Family Entities
maintains any off-the-books accounts. These books, records and accounts are created under the
direct control of the RFG Family Entities. Each of the RFG Family Entities makes and keeps books,
records and accounts which, in reasonable detail, accurately and fairly reflect their transactions
and dispositions of their respective assets. Each of the RFG Family Entities maintains systems of
internal accounting controls sufficient to provide reasonable assurances that (i)&nbsp;transactions are
executed in accordance with management&#146;s general or specific authorization, (ii)&nbsp;transactions are
recorded as necessary to permit the preparation of financial statements in conformity with GAAP and
to maintain accountability for assets, (iii)&nbsp;access to assets is permitted only in accordance with
management&#146;s general or specific authorization, and (iv)&nbsp;the recorded accountability for assets is
compared with the actual levels at reasonable intervals and appropriate action is taken with
respect to any differences.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.9 </B><U><B>No Undisclosed Liabilities</B></U>. Except (a)&nbsp;as set forth or reserved for in the
Financial Statements, (b)&nbsp;for Liabilities which have been incurred since the date of the Interim
Financial Statements in the ordinary course of business consistent with past practice, (c)&nbsp;for
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Liabilities in respect of warranty obligations and general liability claims incurred in the
ordinary course of business consistent with past practice and (d)&nbsp;for Liabilities or obligations
which have been discharged or paid in full in the ordinary course of business consistent with past
practice since the date of the Interim Financial Statements, none of the RFG Family Entities nor
any of their subsidiaries has any Liabilities or obligations of any nature, whether or not accrued,
contingent, known or unknown or otherwise, that are required by GAAP to be reflected on an audited
consolidated balance sheet (or notes thereto) of the RFG Family Entities. No RFG Family Entity is
a party to, or has any commitment to become a party to, any Off Balance Sheet Arrangements.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.10 </B><U><B>Governmental Authorizations and Regulations</B></U>. <U>Schedule&nbsp;3.10</U> to the
Sellers&#146; Disclosure Letter lists all Permits currently used by the RFG Family Entities to conduct
the Business as currently conducted. All Permits required to conduct the Business, as conducted on
the date hereof, are in the possession of the RFG Family Entities, as applicable, are in full force
and effect, and the RFG Family Entities are operating in compliance therewith. Each of the RFG
Family Entities has operated in compliance in all material respects with all Permits required to
conduct the Business at all times since December&nbsp;31, 2007. To the Knowledge of the RFG Family
Entities, no Governmental Authority has threatened the suspension or cancellation of any Permit and
to the Knowledge of RFG and the Sellers, there is no reason why any Permit would not be renewed in
the ordinary course of business. No action taken by the RFG Family Entities in connection with the
transactions contemplated by this Agreement will affect the validity of any Permit and the
performance by the RFG Family Entities of this Agreement does not require any consent, approval,
authorization or other order of, action by, filing with or notification to any Governmental
Authority or other third party with respect to any Permit. Each currently held Permit required for
conducting an LLC&#146;s Business will be effective for each LLC in its leased location following the
Merger.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.11 </B><U><B>Conduct in the Ordinary Course; Absence of Certain Changes</B></U>. Since the date of
the Interim Financial Statements through the date of this Agreement, except for the Roll Up
Transaction, as contemplated or permitted by this Agreement or as set forth on <U>Schedule
3.11</U> to the Sellers&#146; Disclosure Letter, each of the RFG Family Entities has conducted its
respective business in the ordinary course of business consistent with past practice, and there has
not been any:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;event, occurrence or development that has had, or would reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;material change in any method of accounting or accounting practice for the Business,
except as required by changes in GAAP or as disclosed in the notes to the Financial Statements;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;material change in cash management practices and policies, practices and procedures with
respect to collection of accounts receivable, establishment of reserves for uncollectible accounts
receivable, accrual of accounts receivable, inventory control, prepayment of expenses, payment of
trade accounts payable, accrual of other expenses, deferral of revenue and acceptance of customer
deposits;
</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;(d)&nbsp;change in its Tax reporting principles, practices or policies, Tax election, or extension
or waiver of the limitation period applicable to any claim or assessment in respect of Taxes;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;transfer, assignment, sale or other disposition of any material Assets shown or reflected
in the balance sheet included with the Interim Financial Statements, except for the sale of
inventory in the ordinary course of business consistent with past practice;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;transfer, assignment or grant of any material license or sublicense of any material rights
under or with respect to any Intellectual Property;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;material capital expenditure, except as set forth in the Business Plan or as otherwise
permitted in the Exclusivity Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;material damage, destruction or loss, or any material interruption in use, of any material
Assets, whether or not covered by insurance;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;acceleration, termination, material modification to or cancellation of any Material
Contract or Permit;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;any material change in the manner in which it (i)&nbsp;extends discounts, credits or warranties
to customers, (ii)&nbsp;otherwise deals with its customers or (iii)&nbsp;makes accommodations or other
concessions;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;any deferral of the payment of any accounts payable other than in the ordinary course of
business, or any discount, accommodation or other concession made in order to accelerate or induce
the collection of any accounts receivable, other than in the ordinary course of business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;incurrence of any Indebtedness outside the ordinary course of business;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;undertaking of an obligation to guarantee the Indebtedness of any Person or any Off
Balance Sheet Arrangement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;cancellation of any debts or claims owed to the RFG Family Entities or amendment,
termination or waiver of any rights, except in the ordinary course of business consistent with past
practice;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;imposition of any Encumbrance upon any of the Assets (other than Permitted Encumbrances);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p)&nbsp;loan to any employee, except in the ordinary course of business consistent with past
practice in an amount not to exceed $10,000;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q)&nbsp;adoption of any plan of merger, consolidation, reorganization, liquidation or dissolution
or filing of a petition in bankruptcy under any provisions of federal or state bankruptcy Law or
consent to the filing of any bankruptcy petition against it under any similar Law;
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r)&nbsp;purchase, lease or other acquisition of the right to own, use or lease any property or
assets in connection with the Business for an amount in excess of $100,000, individually (in the
case of a lease, per annum), or $100,000 in the aggregate (in the case of a lease, for the entire
term of the lease; provided, that such annual amount does not exceed $100,000), except for
purchases of inventory or supplies in the ordinary course of business consistent with past
practice;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(s)&nbsp;grant of any bonuses, whether monetary or otherwise, or any general wage or salary
increases in respect of any employees, other than as provided for in any written agreements or
consistent with past practice, or change in the terms of employment for any employee except as
contemplated by this Agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(t)&nbsp;entry into or termination of any written employment agreement or collective bargaining
agreement covering any employee or modification of the terms of any such existing agreement;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(u)&nbsp;adoption, amendment, modification or termination of any bonus, profit sharing, incentive,
severance, or other plan, Contract or commitment for the benefit of any employees (or any such
action taken with respect to any other benefit plan);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;commencement or settlement of any material litigation;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(w)&nbsp;amendment to any of its Organizational Documents;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;split, combination or reclassification of any Securities, issuance or commitment to
the issuance of any Securities or declaration, setting aside or payment of any dividend, other
distribution (whether in cash, stock or property), redemption or repurchase with respect to any
Securities;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(y)&nbsp;material labor dispute or material claim of unfair labor practices involving any of the
RFG Family Entities or any termination of employment (voluntarily or involuntarily) of any material
number of employees; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(z)&nbsp;entry into a Contract to do any of the foregoing, or commitment that would result in any
of the foregoing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.12 </B><U><B>Absence of Litigation</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except as set forth on <U>Schedule&nbsp;3.12</U> of the Sellers&#146; Disclosure Letter, as of the
date of this Agreement, there is no Action involving any of the RFG Family Entities pending or, to
the Knowledge of the RFG Family Entities, threatened before any court or any Governmental
Authority.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;As of the date hereof, there are no other Actions pending or, to the Knowledge of any of
RFG Family Entities, threatened against or by any RFG Family Entity (a)&nbsp;relating to or affecting
the Business; or (b)&nbsp;that challenge or seek to prevent, enjoin or otherwise delay the transactions
contemplated by this Agreement.
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;As of the date hereof, there are no outstanding Governmental Orders relating to or
affecting any of the RFG Family Entities and there are no unsatisfied judgments, penalties or
awards against any RFG Family Entity, or relating to or affecting the Business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.13 </B><U><B>Inventory</B></U>. All inventory reflected in the Interim Financial Statements or
acquired since the Interim Financial Statements, to the extent still owned by any RFG Family
Entity, (i)&nbsp;is valued in accordance with GAAP and, in the case of inventory reflected in the
Interim Financial Statements, all damaged or defective inventory has been written down to net
realizable value and (ii)&nbsp;except as set forth on <U>Schedule&nbsp;3.13</U>, is owned by the RFG Family
Entities free and clear of all Encumbrances (other than Permitted Encumbrances), and no material
quantities of inventory are held on a consignment basis. All inventory of the RFG Family Entities,
whether or not reflected on the Financial Statements, consists of a quality and quantity in the
ordinary course of business, except for obsolete items and items of below-standard quality, which
in all material respects have been written off or written down to net realizable value in the
Financial Statements. The quantity of inventory of the RFG Family Entities is consistent with
past practice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.14 </B><U><B>Accounts Receivable</B></U>. The accounts receivable reflected on the Interim Financial
Statements and the accounts receivable arising after the date thereof have arisen from bona fide
transactions entered into by the RFG Family Entities involving the sale of goods or the rendering
of services to third parties in the ordinary course of business consistent with past practice. As
of the date hereof, to the Knowledge of the RFG Family Entities, any and all disputes with
customers regarding accounts receivable, in the aggregate, do not exceed the accruals therefor set
forth in the Financial Statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.15 </B><U><B>Compliance with Laws</B></U>. Since December&nbsp;31, 2007, or, if later, the date of its
formation, each of the RFG Family Entities has conducted its business in compliance with all Laws
and Governmental Orders applicable to it or any of its Assets or Liabilities, and no RFG Family
Entity has violated in any respect any such Law or Governmental Order, or any judicial or
administrative interpretations thereof. Since December&nbsp;31, 2007, no RFG Family Entity has received
any written or, to the Knowledge of the RFG Family Entities, oral notice from any Governmental
Authority (x)&nbsp;asserting any violation in any respect by any RFG Family Entity of any applicable Law
or (y)&nbsp;that any RFG Family Entity is under any investigation by any Governmental Authority for any
alleged violation in any respect of any applicable Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.16 </B><U><B>Material Contracts</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except for Real Property Leases set forth on <U>Schedule&nbsp;3.19(a)</U> of the Sellers&#146;
Disclosure Letter attached hereto, the Employee Plans set forth on <U>Schedule&nbsp;3.23</U> of the
Sellers&#146; Disclosure Letter attached hereto, and the Personal Property Leases set forth on
<U>Schedule&nbsp;3.27(a)</U> of the Sellers&#146; Disclosure Letter attached hereto, each of which are also
Material Contracts, <U>Schedule&nbsp;3.16</U> of the Sellers&#146; Disclosure Letter sets forth, as of the
date hereof, all of the following Contracts to which any of the RFG Family Entities is a party or
by which any of the RFG Family Entities is bound (collectively with all of the agreements set forth
on <U>Schedules 3.19(a)</U>, <U>3.23</U> and <U>3.27(a)</U> to the Sellers&#146; Disclosure Letter,
the &#147;<U><B>Material Contracts</B></U>&#148;):
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;all Contracts between any of the RFG Family Entities on the one hand and any Affiliate
(other than another RFG Family Entity) or Related Person of any RFG Family Entity;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;all Contracts containing covenants of a RFG Family Entity or Earn-Out Key Employee not to
compete in any line of business or with any other Person in any geographical area, excluding any
Co-Packer Agreements;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;all Contracts relating to any Indebtedness in excess of $100,000, including Indebtedness
under capital leases;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;all other Contracts that: (x)&nbsp;involve the expenditure by (or payment to) the RFG Family
Entities (on a consolidated basis) of more than $100,000 annually, (y)&nbsp;are not cancelable upon 30
or fewer days&#146; notice without any liability, and (z)&nbsp;require performance by any party for a period
of more than one year from the date hereof;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;all Contracts that provide for the receipt of payment by the RFG Family Entities (on a
consolidated basis) of more than $100,000 annually;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;all Contracts with any Material Customers or Material Suppliers;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;all Intellectual Property licenses or other Intellectual Property agreements (other than
licenses or other agreements for generally available commercial software with a purchase price or
annual license fee of less than $100,000);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;all Contracts requiring a RFG Family Entity to pay, perform, discharge or otherwise
guarantee any Indebtedness, Liability or obligation of any Person;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;all broker, distributor, dealer, manufacturer&#146;s representative, franchise, agency, sales
promotion, market research, marketing consulting and advertising Contracts;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;all joint venture, partnership or similar Contracts;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)&nbsp;all Contracts for the sale of any Assets (other than sales of inventory in the ordinary
course of business) or for the grant to any Person of any option, right of first refusal or
preferential or similar right to purchase any such Assets;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii)&nbsp;all powers of attorney with respect to the Business;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii)&nbsp;all Contracts relating to ownership of Securities in any Person, including, without
limitation, the acquisition or disposition of such interest, by any of the RFG Family Entities;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv)&nbsp;all Contracts providing for commissions or payments to or by any Person based on sales,
purchases or profits;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv)&nbsp;all Contracts requiring any of the RFG Family Entities to indemnify another Person;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi)&nbsp;all Contracts granting any exclusive manufacturing, sales, marketing or distribution
rights or other exclusive rights, rights of first offer or rights of first refusal, &#147;most favored
nation&#148; rights or other similar rights to any Person;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii)&nbsp;each settlement, conciliation or similar Contract which includes any payment by any of
the RFG Family Entities at or after the Closing in an amount in excess of $100,000 in the aggregate
or limits, in any manner, the operation of any of the RFG Family Entities or the Business;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii)&nbsp;each Contract in respect of which the consequences of a default or termination by the
Company would result in liquidated damages payable by any RFG Family Entity in an amount in excess
of $100,000 (for the avoidance of doubt, monetary caps or other limitations on damages shall not be
construed as &#147;liquidated damages&#148; for purposes of this clause);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix)&nbsp;all Contracts related to co-packing arrangements, including the Co-Packer Agreements;
and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx)&nbsp;any other Contract entered into outside the ordinary course of business.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">To the extent that a Material Contract is in writing, a true, correct and complete copy thereof
(including any amendments or waivers with respect thereto) has been made available or provided to
Purchaser. With respect to any Material Contract not in writing, <U>Schedule&nbsp;3.16</U> of
the Sellers&#146; Disclosure Letter shall set forth a description of the material terms of such Material
Contract.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Each of the Material Contracts to which any of the RFG Family Entities is a party: (i)&nbsp;is
the legal, valid and binding obligation of such RFG Family Entity, (ii)&nbsp;assuming such Material
Contract is binding on and enforceable against the other parties thereto, is enforceable against
such RFG Family Entity in accordance with its terms, subject to applicable bankruptcy, insolvency,
fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting
creditors&#146; rights and remedies generally and subject, as to enforceability, to rules of Law
governing specific performance, to injunctive relief, and to general principles of equity
(regardless of whether enforcement is sought in a proceeding at law or in equity) and (iii)&nbsp;is in
full force and effect, except to the extent it has previously expired in accordance with its terms.
None of the RFG Family Entities is in breach or default in any respect (and no event has occurred
which with notice or lapse of time will constitute a breach or default by any RFG Family Entity)
under any Material Contract, and, to the Knowledge of the RFG Family Entities, neither is any other
party thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.17 </B><U><B>Intellectual Property</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Schedule&nbsp;3.17(a)</U> of the Sellers&#146; Disclosure Letter sets forth, as of the date
hereof, a list of all registrations and applications for Intellectual Property owned by any of the
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">RFG Family Entities, and all other Intellectual Property used or licensed by the RFG Family
Entities (and if licensed, the name of the licensor and a description of the license).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;To the Knowledge of the RFG Family Entities, the conduct of the Business does not infringe
upon, misappropriate, or otherwise violate any rights of any third party with respect to its
Intellectual Property, and, except as set forth on <U>Schedule&nbsp;3.17(b)</U> to the Sellers&#146;
Disclosure Letter, as of the date hereof, there are no claims pending or, to the Knowledge of the
RFG Family Entities, threatened, that assert otherwise. Except as set forth on <U>Schedule
3.17(b)</U> to the Sellers&#146; Disclosure Letter: (i)&nbsp;each RFG Family Entity owns or has rights to use
all Intellectual Property as currently used in the conduct of the Business by such RFG Family
Entity, free and clear of any Encumbrance (other than Permitted Encumbrances); (ii)&nbsp;none of the RFG
Family Entities has received, in the past two years prior to the date hereof, any written notice
alleging any such infringement, misappropriation, or other violation that has not been settled or
otherwise fully resolved; (iii)&nbsp;to the Knowledge of the RFG Family Entities, no third party is
infringing, misappropriating, or otherwise violating any Intellectual Property owned by any RFG
Family Entity; (iv)&nbsp;no claims of infringement, misappropriation or other violation of any
Intellectual Property are pending or threatened against any third party by any RFG Family Entity;
(v)&nbsp;there is no Action pending or, to the Knowledge of the RFG Family Entities, threatened before
any court or any Governmental Authority with respect to any Intellectual Property of the RFG Family
Entities; and (vi)&nbsp;since December&nbsp;31, 2007, each of the RFG Family Entities has conducted its
Business in compliance in all respects with all Laws and Governmental Orders applicable to it with
respect to any Intellectual Property and no RFG Family Entity has violated in any respect any such
Law or Governmental Order, or any binding and applicable judicial or administrative interpretations
thereof. The rights of the RFG Family Entities in and to any Intellectual Property used in the
Business will not be affected by the consummation of the transactions contemplated in this
Agreement. The RFG Family Entities have taken commercially reasonable precautions to protect the
confidentiality of their Trade Secrets.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except as set forth in <U>Schedule&nbsp;3.17(c)</U>, the RFG Family Entities have not
previously assigned, transferred, conveyed, licensed or otherwise encumbered any right, title or
interest in the Intellectual Property currently used in the Business and have not granted any third
party any covenant not to sue for any such use of the Intellectual Property.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.18 </B><U><B>Owned Real Property</B></U>. No RFG Family Entity owns any real property (&#147;<U><B>Owned
Real Property</B></U>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.19 </B><U><B>Leased Real Property</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Schedule&nbsp;3.19(a)</U> of the Sellers&#146; Disclosure Letter attached hereto sets forth, as
of the date hereof, the street address of each parcel of real property which is leased by any RFG
Family Entity as lessee together with the identity of the RFG Family Entity that is the lessee of
such real property (all such real property to the extent set forth in the applicable real property
lease, collectively, the &#147;<U><B>Leased Real Property</B></U>&#148;). Each lease for the Leased Real Property
is referred to herein as a &#147;<U><B>Real Property Lease</B></U>.&#148; Each RFG Family Entity that is
identified as being the lessee of any parcel of Leased Real Property has, to the Knowledge of the
RFG Family Entities, a valid and enforceable leasehold interest under each of the leases for the
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Leased Real Property and the RFG Family Entities have not received any written notice of any
default and, to the Knowledge of the RFG Family Entities, no event has occurred that, with notice
or lapse of time, or both, would constitute a default by the RFG Family Entity that is the lessee
of any such Leased Real Property. To the Knowledge of the RFG Family Entities, no lessor under any
Real Property Lease is in default thereunder, nor has any event occurred that, with notice or lapse
of time, or both, would constitute a default by the lessor thereunder. Prior to the date hereof,
to the Knowledge of the RFG Family Entities, true, correct and complete copies of each Real
Property Lease, including all amendments and modifications with respect thereto, and any documents
to which the applicable RFG Family Entity is a party with respect to any Leased Real Property
(i.e., a subordination, non-disturbance and attornment agreement with any mortgagee of a Leased
Real Property) have been made available to Purchaser.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Except as provided on <U>Schedule&nbsp;3.19(b)</U>, all of the Leased Real Property is in good
condition and repair (subject to normal wear and tear). No RFG Family Entity, with respect to any
part of the Leased Real Property, is, (i)&nbsp;to its Knowledge, in violation of any environmental
zoning, subdivision or building Law applicable thereto; (ii)&nbsp;subject to the taking by condemnation,
expropriation or eminent domain of any part of such property; (iii)&nbsp;subject to the commencement of
enforcement proceedings with respect to delinquent Taxes; or (iv)&nbsp;in violation of any condition or
agreement contained in any easement, restrictive covenant or any similar instrument or
agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Other than as set forth on <U>Schedule&nbsp;3.19(c)</U> of the Sellers&#146; Disclosure
Letter, the lessor under the lease with respect to Leased Real Property is not an Affiliate or
Related Person of any of the RFG Family Entities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Other than as set forth on <U>Schedule&nbsp;3.19(d)</U>, no RFG Entity has received any
notice that the owner of any Leased Real Property has made any assignment, mortgage, pledge or
hypothecation of such Real Property Lease or the rents or use fees due thereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Other than as set forth on <U>Schedule&nbsp;3.19(e)</U> of the Sellers&#146; Disclosure Letter, no
RFG Family Entity has subleased, assigned or otherwise granted to any Person the right to use or
occupy any Leased Real Property or any portion thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Other than as set forth on <U>Schedule&nbsp;3.19(f)</U> of the Sellers&#146; Disclosure Letter, no
RFG Family Entity has pledged, mortgaged or otherwise granted an Encumbrance on its leasehold
interest in any Leased Real Property which will not otherwise be released in connection with the
Closing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Other than as set forth on <U>Schedule&nbsp;3.19(g)</U> of the Seller&#146;s Disclosure Letter, no
RFG Family Entity is a party to a brokerage or commission agreement in connection with any Real
Property Lease, or any sublease of any Leased Real Property, and there is no commission payable by
the RFG Family Entity in connection with the current term of the applicable Real Property Lease or
sublease (which has not yet been paid).
</DIV>



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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.20 </B><U><B>Customers and Suppliers</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Schedule&nbsp;3.20(a)</U> of the Sellers&#146; Disclosure Letter sets forth with respect to the
Business the top ten customers based on aggregate consideration paid to the RFG Family Entities (on
a consolidated basis) for goods or services for each of the two most recent fiscal years (each such
customer a &#147;<U><B>Material Customer</B></U>&#148;), and for the Top 5 Customers, the amount of Revenues
derived from such Top 5 Customers during the most recently completed fiscal year. &#091;* * *&#093; are the
top five customers of the RFG Family Entities (on a consolidated basis) based on aggregate
consideration paid to the RFG Family Entities (on a consolidated basis) for goods or services for
the two most recent fiscal years. As of the date hereof, no RFG Family Entity has received any
written notice that any of the Material Customers has ceased, or intends to cease after the
Closing, to use the goods or services of the RFG Family Entities or to otherwise terminate or
reduce its relationship with the Business. The &#091;* * *&#093; has been or will be renewed prior to the
termination date set forth in such agreement and the RFG Family Entities and &#091;* * *&#093; have completed
negotiations with respect to such renewal. Except as specifically set forth in a Contract provided
to Purchaser or otherwise disclosed to Purchaser in writing, as of the date hereof, no RFG Family
Entity is party to any agreement, arrangement or understanding with any Material Customer regarding
any rebate, discount, allowance, slotting fee or other similar arrangement other than entered into
in the ordinary course of business, consistent with past practice. There are no facts or
circumstances (including the consummation of the transactions contemplated hereby) that are likely
to result in the loss of any one such customer or group of customers of any RFG Family Entity or
have a Material Adverse Effect on the relationship of any RFG Family Entity with such a customer or
group of customers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Schedule&nbsp;3.20(b)</U> of the Sellers&#146; Disclosure Letter sets forth with respect to the
Business the top ten suppliers to whom the RFG Family Entities (on a consolidated basis) have paid
consideration for goods or services rendered based on the aggregate amount paid for each of the two
most recent fiscal years (each such supplier a &#147;<U><B>Material Suppliers</B></U>&#148;). As of the date
hereof, no RFG Family Entity has received any written notice that any of the Material Suppliers has
ceased, or intends to cease, to supply goods or services to the RFG Entities or to otherwise
terminate or reduce its relationship with the Business and to the Knowledge of the RFG Family
Entities, there are no facts or circumstances (including the consummation of the transactions
contemplated hereby) that are likely to result in the loss of any one such supplier or group of
suppliers of any of the RFG Family Entities or have a Material Adverse Effect on the relationship
of any of the RFG Family Entities with such a supplier or group of suppliers.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except as set forth on <U>Schedule&nbsp;3.20(c)</U>, as of the date hereof, no RFG Family
Entity has received any written notice that any of the Co-Packers has ceased, or intends to cease,
to supply goods or services to the RFG Family Entities or to otherwise terminate or reduce its
relationship with the RFG Entities and to the Knowledge of the RFG Family Entities, there are no
facts or circumstances (including the consummation of the transactions contemplated hereby) that
are likely to result in the loss of any one such Co-Packer or group of Co-Packers by any of the RFG
Family Entities or have a Material Adverse Effect on the relationship of any of the RFG Family
Entities with such a Co-Packer or group of Co-Packers.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.21 </B><U><B>Taxes</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;All Tax Returns required to be filed with respect to each of the RFG Family Entities have
been timely filed (except those under valid extension) and all such Tax Returns were correct and
complete in all respects.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;All Taxes shown on such Tax Returns or otherwise due or payable have been timely paid
(unless such Taxes are being contested in good faith) except as expressly reserved on the Interim
Financial Statements for current Taxes payable and no RFG Family Entity has given a waiver or
extension (or is subject to a waiver or extension given by any other Person) of any statute of
limitations relating to the payment of Taxes or with respect to which any of the RFG Family
Entities may be liable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except as set forth on <U>Schedule&nbsp;3.21</U> to the Sellers&#146; Disclosure Letter, neither
the IRS nor any other Tax Authority is currently claiming or asserting against any of the RFG
Family Entities, any adjustment, deficiency or claim for payment of additional Taxes nor, to the
Knowledge of any of the RFG Family Entities, is there any basis for any such claim or assertion.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;None of the RFG Family Entities is a party to any agreement or arrangement that would
result, separately or in the aggregate, in the payment of any &#147;excess parachute payment&#148; within the
meaning of Section&nbsp;280G of the Code by reason of the transactions contemplated hereby.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;All Taxes required to be withheld, collected or deposited by the RFG Family Entities have
been timely withheld, collected or deposited and, to the extent required, have been paid to the
relevant Tax Authority.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Each of the RFG Family Entities is a &#147;United States person&#148; as defined in Section
7701(a)(30) of the Code.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;There are no Encumbrances for Taxes upon any of the Assets (other than for current Taxes
not yet due and payable).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;No Tax Authority has asserted that any of the RFG Family Entities should have filed a Tax
Return in a jurisdiction where no such Tax Return has been filed by such RFG Family Entity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;There are no existing, threatened or pending claims, actions, audits, investigations,
examinations, or other administrative or court proceedings with regard to any Taxes or Tax Returns
of any of the RFG Family Entities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;Since the earlier of December&nbsp;31, 2007 and inception, each of the RFG Families Entities
has operated as, and has been treated as, a partnership for Tax purposes.
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.22 </B><U><B>Environmental Matters</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except as set forth in <U>Schedule&nbsp;3.22(a)</U> of the Sellers&#146; Disclosure Letter, the RFG
Family Entities are in compliance with all applicable Environmental Laws, including, but not
limited to, possessing and complying with all Permits and other governmental authorizations
required for their operations under applicable Environmental Laws, except for matters that have
been fully resolved with the applicable governmental entity.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Except as set forth in <U>Schedule&nbsp;3.22(b)</U> of the Sellers&#146; Disclosure Letter, during
the three (3)&nbsp;year period ending on the date hereof, there is no Environmental Claim pending or, to
the Knowledge of the RFG Family Entities, threatened against the RFG Family Entities or, to the
Knowledge of RFG Family Entities, against any Person whose liability for any Environmental Claim
RFG Family Entities has or may have retained or assumed, either contractually or by operation of
law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except as set forth in <U>Schedule&nbsp;3.22(c)</U>, there are no circumstances or conditions,
including, without limitation, the Release, threatened Release or presence of any Hazardous
Material which would reasonably be expected to form the basis of any Environmental Claim against
the RFG Family Entities, or to the Knowledge of the RFG Family Entities, against any person or
entity whose liability for any Environmental Claim the RFG Family Entities has or may have retained
or assumed either contractually or by operation of law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Except as set forth in <U>Schedule&nbsp;3.22(d)</U> of the Sellers&#146; Disclosure Letter, neither
the RFG Family Entities, nor, to the Knowledge of RFG Family Entities, any other Person has placed,
stored, handled, deposited, discharged, buried, dumped, disposed of or released any Hazardous
Materials produced by, or resulting from, any of the RFG Family Entities&#146; operations, at any Owned
Real Property or Leased Real Property or at any real property formerly owned, operated or leased by
the RFG Family Entities (&#147;<U><B>Former Real Property</B></U>&#148;), except for inventories of such substances
to be used, and wastes generated therefrom, in the ordinary course of business of the RFG Family
Entities (which inventories and wastes, if any, were and are stored or disposed of in accordance
with applicable Environmental Laws).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The RFG Family Entities have delivered or otherwise made available for inspection to
Purchaser complete and correct copies of studies, audits, assessments, memoranda and investigations
pertaining to Hazardous Materials at the Owned Real Property or Leased Real Property or regarding
the RFG Family Entities&#146; compliance with applicable Environmental Laws that are in the possession
of RFG and which have been prepared in the last five years.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.23 </B><U><B>Employees and Employee Benefits Plans</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Schedule&nbsp;3.23(a)</U> contains a true, correct and complete list of each Employee Plan,
Employee Agreement and Independent Contractor Agreement (including for each a description of any of
the benefits which will be increased or accelerated by the occurrence of any of the transactions
contemplated by this Agreement). No RFG Family Entity nor any of their ERISA Affiliates has any
plan or commitment, whether legally binding or not, to establish any new Employee Plan, Employee
Agreement or Independent Contractor Agreement, to modify any Employee Plan, Employee Agreement or
Independent Contractor Agreement (except to the
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">extent required by Law or as required by this Agreement) or to enter into any Employee Plan,
Employee Agreement or Independent Contractor Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;RFG has made available to Purchaser true, correct and complete copies of all documents
embodying each Employee Plan, Employee Agreement and Independent Contractor Agreement, including:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;all amendments thereto and written interpretations thereof;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;the most recent annual actuarial valuations, if any, prepared for each Employee Plan;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;the three most recent annual reports (Series&nbsp;5500 and all schedules thereto), if any,
required under ERISA or the Code in connection with each Employee Plan or related trust;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;if the Employee Plan is funded, the most recent annual and periodic accounting of
Employee Plan assets;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;the most recent summary plan description, together with all summaries of modifications, if
any, required under ERISA with respect to each Employee Plan;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;the most recent IRS determination or opinion letter and ruling relating to Employee Plans
and copies of all applications and correspondence to or from the IRS or the Department of Labor
(&#147;<U><B>DOL</B></U>&#148;) within the last three years with respect to Employee Plan;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;all communications within the last two years to any Employee or Employees relating to
any Employee Plan and any proposed Employee Plans, including communications relating to any
amendments, terminations, establishments, increases or decreases in benefits, acceleration of
payments or vesting schedules, or other events that would result in any material Liability to any
RFG Family Entity; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;each trust or other funding arrangements and each insurance contract or policy.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the extent that any Employee Plan, Employee Agreement or Independent Contractor Agreement
is not in writing, RFG has made available to Purchaser a written description or summary of the
terms thereof. Except as set forth on <U>Schedule&nbsp;3.23(b)</U>, each Employee Plan, Employee
Agreement and Independent Contractor Agreement is in full force and effect and is valid and binding
in accordance with its terms and, to the Knowledge of the RFG Family Entities, there is no material
default or event of default (or event which with notice or lapse of time, or both, would constitute
such a material default or event of default) thereunder by any RFG Family Entity or by any
beneficiary thereof or other party thereto. Following the Effective Time, to the extent not
terminated in accordance with this Agreement, Surviving RFG will be permitted to exercise all of
the rights of the RFG Family Entities under each Employee Plan, Employee Agreement and Independent
Contractor Agreement to the same extent the RFG
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Family Entities would have been able to had the transactions contemplated by this Agreement
not occurred, without penalty or the acceleration of any rights.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Each RFG Family Entity and their respective ERISA Affiliates each has performed all
obligations required to be performed by it under each Employee Plan, and each Employee Plan has
been established and maintained in accordance with its terms and in compliance in all material
respects with all applicable Laws, including ERISA and the Code, except for breaches and violations
that would not, or have not, individually or in the aggregate had or would be reasonably expected
to have, a Material Adverse Effect. No &#147;prohibited transaction,&#148; within the meaning of Section
4975 of the Code or Section&nbsp;406 of ERISA for which no class or statutory exemption is available,
has occurred with respect to any Employee Plan. There are no Actions pending or, to the Knowledge
of the RFG Family Entities, threatened (other than routine claims for benefits) against any
Employee Plan or against the assets of any Employee Plan or relating to any Employee Plan or
Employee Agreement. Each Employee Plan can be amended, terminated or otherwise discontinued after
the Effective Time in accordance with its terms, without Liability to any RFG Family Entity or any
of their respective ERISA Affiliates (other than ordinary administration expenses typically
incurred in a termination event and benefits accrued thereunder). There are no audits, inquiries or
proceedings pending or, to the Knowledge of the RFG Family Entities, threatened by the IRS, the
Pension Benefit Guaranty Corporation or the DOL with respect to any Employee Plan. No RFG Family
Entity is subject to any penalty or Tax with respect to any Employee Plan under Section 502(i) of
ERISA or Section&nbsp;4975 through 4980B of the Code. All contributions, including any top heavy or
matching contributions and premiums, required to be made by any RFG Family Entity or any of their
respective ERISA Affiliates to any Employee Plan have been made or will be made on or before the
Closing Date. All unpaid Liabilities of any RFG Family Entity or any of their respective ERISA
Affiliates with respect to an Employee Plan that are not yet due have been properly accrued in
accordance with GAAP. For completed plan years of each Employee Plan, all contributions have been
fully deducted for income Tax purposes and no such deduction has been challenged or disallowed by
any Governmental Authority and, to the Knowledge of the RFG Family Entities, no reasonable or valid
basis exists for any such challenge or disallowance. Each of the RFG Family Entities and their
respective ERISA Affiliates are in compliance in all material respects with the requirements of
Parts 6 and 7 of Subtitle B of Title I of ERISA and the regulations promulgated thereunder and any
similar state Laws concerning group health care continuation coverage and group health plan
portability, access and renewability requirements. Each Employee Plan or related trust that is
intended to be qualified or exempt from taxation under Section&nbsp;401(a), 401(k) or 501(a) of the Code
has received a favorable determination, opinion, notification or advisory letter from the IRS that
it is so qualified or exempt, and, to the Knowledge of the RFG Family Entities, nothing has
occurred since the date of such letter that would adversely affect the qualified or exempt status
of any such Employee Plan or related trust. None of the assets of any Employee Plan include
&#147;employer securities&#148; as defined in Section&nbsp;407(d)(1) of ERISA.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;None of the RFG Family Entities or any of their respective ERISA Affiliates currently
maintains, sponsors, participates in or contributes to, or has ever maintained, established,
sponsored, participated in or contributed to, any Pension Plan that is subject to Part&nbsp;3 of
Subtitle B of Title I of ERISA, Title IV of ERISA or Section&nbsp;412 of the Code.
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;At no time has any of the RFG Family Entity or any of their respective ERISA Affiliates
contributed to, or been obligated to contribute to, any Multiemployer Plan.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Except as required by Part&nbsp;6 of Subtitle B of Title I of ERISA or similar state law, no
Employee Plan or Employee Agreement or any other Contract to which the RFG Family Entities, or any
of their respective ERISA Affiliates is a party provides, or is required to provide, life
insurance, medical or other employee welfare benefits to any Employee following his or her
retirement or termination of employment for any reason, and none of the RFG Family Entities or any
of their respective ERISA Affiliates has ever represented or promised to, or contracted with
(whether in oral or written form), any Employee (either individually or to Employees as a group)
that such Employee or Employees would be provided with life insurance, medical or other employee
welfare benefits following their retirement or termination of employment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Except as set forth on <U>Schedule&nbsp;3.23(g)</U>, the execution of this Agreement and the
consummation of the transactions contemplated hereby will not (either alone or upon the occurrence
of any additional or subsequent events) constitute an event under any Employee Plan, Employee
Agreement, trust or loan that will or may result in any payment (whether severance pay or
otherwise), acceleration, forgiveness of indebtedness, vesting, distribution, increase in benefits
or obligation to fund benefits with respect to any Employee. Except as set forth on <U>Schedule
3.23(g)</U>, no RFG Family Entity is subject to any obligation to make any payments that,
separately or in the aggregate, could result in an &#147;excess parachute payment&#148; within the meaning of
Section&nbsp;280G of the Code.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Each RFG Family Entity (i)&nbsp;is and has been in compliance in all material respects with all
employment-related Laws or other applicable Laws respecting or relating directly or indirectly to
employment or workplace practices, terms and conditions of employment, and wages and hours, (ii)
has withheld all amounts required by any Law or by any agreement to be withheld from the wages,
salaries and other payments to Employees, (iii)&nbsp;is not liable for any arrears of wages or any Taxes
or any penalty for failure to withhold, and (iv)&nbsp;is not liable for any payment to any trust or
other fund or to any Governmental Authority with respect to unemployment or workers&#146; compensation
benefits, social security or other benefits or obligations for Employees (other than routine
payments in the ordinary course of business). No Action is pending or, to the Knowledge of the RFG
Family Entities, threatened against any RFG Family Entity concerning employment-related Laws or
concerning any employment-related claims of any nature, and to the Knowledge of the RFG Family
Entities, there is no reasonable or valid basis for any such Action.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;None of the RFG Family Entities or any of their respective ERISA Affiliates has ever been
a party to any agreement with any labor organization or union, and none of the Employees is
represented by any labor organization or union. To the Knowledge of the RFG Family Entities, there
are no organizational campaigns, petitions or other unionization activities seeking recognition of
a collective bargaining unit that could affect the any RFG Family Entity or any of their respective
ERISA Affiliates. No work stoppage, labor strike, slowdown, sitdown, interruption of work,
picketing, handbilling, corporate campaign activity or other concerted labor dispute against any
RFG Family Entity is pending or, to the Knowledge of the RFG Family Entities, threatened. There is
no Action pending or, to the Knowledge of the
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">RFG Family Entities, threatened against any RFG Family Entity relating to labor, safety,
employment practices or discrimination matters involving any Employee, including charges of unfair
labor practices or discrimination complaints. No RFG Family Entity has engaged in any unfair labor
practices within the meaning of the National Labor Relations Act, as amended.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <U>Schedule&nbsp;3.23(j)</U> sets forth change-in-control and other similar payments that
could be payable to Employees under Employee Plans and Employee Agreements on account of the
transactions contemplated by this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <U>Schedule&nbsp;3.23(k)</U> sets forth a true, correct and complete list of names, dates of
hire and current salary or wage rates of all individuals who are currently Employees or Independent
Contractors and all individuals to whom the RFG Family Entities have extended offers of employment
or of consulting as independent contractors which are pending as of the date hereof. <U>Schedule
3.23(k)</U> also contains a summary of all bonus, incentive compensation, accrued vacation pay,
accrued paid time off and other compensation or benefits (other than equity compensation consisting
of stock options or restricted stock) earned but unpaid, and indicates whether any Employee is
currently on a leave of absence for any reason.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l)&nbsp;Except as provided in the Employee Agreements, (i)&nbsp;the employment of each Employee is
terminable at will without any penalty or severance obligation of any kind, (ii)&nbsp;Employees are not
entitled to specific notice of termination, severance pay or a fixed term of employment, and (iii)
Employees may be dismissed without notice for any legal reason. To the Knowledge of the RFG
Family Entities, no Employees of the RFG Family Entities are in violation of any term of any
employment contract, patent disclosure agreement, noncompetition agreement, or any restrictive
covenant to a former employer relating to the right of such Employee to be employed by the RFG
Family Entities because of the nature of the business conducted by the RFG Family Entities or to
the use of trade secrets or proprietary information of others.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m)&nbsp;Except as set forth on <U>Schedule&nbsp;3.23(m)</U> Each current Employee is either a United
States citizen or an individual specifically authorized to engage in employment or provide services
in the United States in accordance with all employment-related Laws or other Laws.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n)&nbsp;With respect to any mass layoff or plant closures affecting Employees or other Persons,
the RFG Family Entities have (i)&nbsp;complied fully with the WARN Act and any similar applicable state
or local mass layoff or plant closing Laws and (ii)&nbsp;served in a timely manner and fashion all
notices required by the WARN Act or any other similar applicable state or local mass layoff or
plant closing Laws.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o)&nbsp;All Employment Agreements subject to Section&nbsp;409A of the Code comply, in all material
respects, in both form and operation with Section&nbsp;409A of the Code and the rules and regulations
thereunder, and, except as set forth on <U>Schedule&nbsp;3.23(o),</U> no RFG Family Entity has an
obligation to provide any &#147;gross-up&#148; payment to any person in connection with Taxes payable under
Section&nbsp;409A of the Code.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.24 &#091;</B><U><B>Reserved</B></U><B>&#093;</B><U></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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.25 </B><U><B>Insurance</B></U>. <U>Schedule&nbsp;3.25</U> of the Sellers&#146; Disclosure Letter sets forth a
true and complete list of all current policies or binders of fire, liability, product liability,
umbrella liability, real and personal property, workers&#146; compensation, vehicular, fiduciary
liability and other casualty and property insurance maintained by any of the RFG Family Entities
(collectively, the &#147;<U><B>Insurance Policies</B></U>&#148;). As of the date hereof, there are no claims
pending under any such Insurance Policies as to which coverage has been denied. As of the date
hereof, none of the RFG Family Entities is in default under, or have otherwise failed to comply
with, in any material respect, any provision contained in any such Insurance Policy. True and
complete copies of the Insurance Policies have been made available to Purchaser.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.26 </B><U><B>Products Liability and Warranties</B></U>. As of the date hereof, there are no pending,
or to the Knowledge of the RFG Family Entities, threatened, Actions under any product and service
warranty or guarantee given by the RFG Family Entities with respect to the Business. Except for
product warranty replacements and refunds arising in the ordinary course of business and except as
reserved for in the Interim Financial Statements, the RFG Family Entities have not incurred any
Liability by reason of any express or implied warranty, any doctrine of common law (tort, contract
or other), any other Laws or otherwise (collectively, &#147;<U><B>Product Liability</B></U>&#148;) with respect to
any product or service of the Business sold or rendered by or on behalf of any RFG Family Entity
after December&nbsp;31, 2007 and prior to the Closing. Since December&nbsp;31, 2007, no product or service
of the Business produced by any of the RFG Family Entities has been recalled voluntarily or
involuntarily. Except as provided on <U>Schedule&nbsp;3.26</U>, neither the RFG Family Entities nor the
Business has ever been subject to any recall ordered or requested any Governmental Authority with
respect to the possibility that any products of the Business have been subject to contamination,
including without limitation, salmonella, listeria and E. coli bacteria contamination. No recall
is being considered by the RFG Family Entities, and to the Knowledge of the RFG Family Entities, no
recall is being considered by or has been requested or ordered by any customers, co-packers,
Governmental Authority or consumer group. With respect to all products (including all of the
components thereof) manufactured or distributed by the Business, the RFG Family Entities have
complied in all material respects with all applicable requirements relating to materials, design,
manufacture, testing, performance, labeling, packing, holding, marketing, or promotion of such
products, and such products are otherwise not in any violation of any applicable Laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.27 </B><U><B>Tangible Personal Property</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Schedule&nbsp;3.27(a)</U> of the Sellers&#146; Disclosure Letter contains a list of each lease
of personal property relating to personal property used in the Business or to which any of the RFG
Family Entities is a party or by which the properties or assets of any of the RFG Family Entities
are bound and requiring annual payments from the RFG Family Entities (on a consolidated basis) of
$100,000 or more (collectively, the &#147;<U><B>Personal Property Leases</B></U>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Prior to the date hereof, a copy of each of the Personal Property Leases listed on
<U>Schedule&nbsp;3.27(b)</U> of the Sellers&#146; Disclosure Letter has been delivered to Purchaser. Each
RFG Family Entity that is a party to any of the Personal Property Leases has a valid leasehold
interest under each of the Personal Property Leases under which it is a lessee, subject to
applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other
similar laws relating to or affecting creditors&#146; rights generally and general equitable
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">principles (whether considered in a proceeding in equity or at law), and there is no breach or
default, and no event has occurred which with notice or lapse of time will constitute a breach or
default, under any of the Personal Property Leases by any of the RFG Family Entities or by any
other parties thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Except as set forth in <U>Schedule&nbsp;3.27(c)</U>, each of the RFG Family Entities has good
title to all of the items of tangible personal property reflected in the Interim Financial
Statements (except as sold or disposed of subsequent to the date thereof in the ordinary course of
business), free and clear of any and all Encumbrances other than Permitted Encumbrances.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.28 </B><U><B>Sufficiency of Assets</B></U>. The Assets reflected in the Financial Statements include
all of the material assets, personal property, real property and equipment that are used or held
for use by the RFG Family Entities in the Business and constitute all Assets that are necessary for
the conduct of the Business as it is currently conducted. Except as set forth on <U>Schedule
3.28</U>, the RFG Family Entities have good and valid title or a valid leasehold interest in all of
the Assets free and clear of all Encumbrances, except for Permitted Encumbrances. No RFG Family
Entity has engaged in any business other than the Business in the past five years and the Business
is conducted solely by and through the RFG Family Entities. The Assets and property (real and
personal), tangible and intangible, currently owned, leased, licensed, used or held for use by RFG
Family Entities are sufficient in all respects for the continued conduct of the Business
immediately after the Closing in substantially the same manner as conducted prior to the Closing,
other than as set forth in the Capital Expenditure Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.29 </B><U><B>Unlawful Practices</B></U>. None of the RFG Family Entities, nor any officer, any
director, Employee, or agent of any of them, or any other Person acting on any of their behalf, has
directly or indirectly made any (A)&nbsp;illegal contribution, gift, bribe, rebate, payoff, influence
payment, kickback, or other illegal payment to any Person, private or public, regardless of form,
whether in money, property, or services (1)&nbsp;to obtain favorable treatment in securing or
maintaining business; (2)&nbsp;to obtain any authorization of any Governmental Authority; or (3)&nbsp;to
obtain or maintain any other special concessions or treatment for or in respect of any RFG Family
Entity, or (B)&nbsp;except for travel and entertainment expenses permitted under applicable Law, made
any contribution, gift, bribe, rebate, payoff, influence payment, kickback, or other payment to any
Person, private or public, regardless of form, whether in money, property, or services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.30 </B><U><B>No Brokers</B></U>. No broker, finder or investment banker is entitled to any brokerage,
finder&#146;s or other fee or commission in connection with the transactions contemplated by this
Agreement based upon arrangements made by or on behalf of the RFG Family Entities.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.31 </B><U><B>Related Person Transactions</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Except as set forth in <U>Schedule&nbsp;3.31(a)</U>, there is no ongoing agreement or
arrangement between any Related Person, on the one hand, and any RFG Family Entity, on the other
hand. Except as set forth in <U>Schedule&nbsp;3.31(a)</U>, Surviving RFG will not require any
significant continued access to or use of any assets or properties of any Related Person of any
kind or nature in order to conduct the operations of the Business in the ordinary course consistent
with past practice. Each of the agreements listed in <U>Schedule&nbsp;3.31(a)</U> of the Sellers&#146;
Disclosure
</DIV>




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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Letter was entered into or incurred, as the case may be, on terms no less favorable to the RFG
Family Entities than if such agreement or liability was entered into or incurred on an arm&#146;s-length
basis on competitive terms.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Except as set forth on <U>Schedule&nbsp;3.31(b)</U> of the Sellers&#146; Disclosure Schedules, no
Related Person:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;owns, directly or indirectly, any interest in (except for ownership for investment
purposes of less than 1% of the securities of any publicly held and traded company), or received or
has any right to receive payments from, or is an officer, director, Employee, agent or consultant
of, any Person which is, or is engaged in business as, a competitor, lessor, lessee, distributor,
sales agent, Material Customer or Material Supplier of any of the RFG Family Entities;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;owns, directly or indirectly (other than through the ownership of equity interests of
RFG), in whole or in part, any tangible or intangible property (including, but not limited to,
Intellectual Property) that any of the RFG Family Entities uses in the conduct of the Business; or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;otherwise has an equity interest or other financial or profit interest in any Person
that has had business dealings or a financial interest in any transaction with any RFG Family
Entity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.32 </B><U><B>Bank Accounts; Lockboxes</B></U>. <U>Schedule&nbsp;3.32</U> of the Sellers&#146; Disclosure
Letter contains a true, correct and complete list, as of the date hereof, of each bank account
maintained by each of the RFG Family Entities together with a true, correct and complete list of
each bank or other financial institution at which any lock box for the collection of accounts
receivable of the RFG Family Entities or safe deposit box is maintained, together with the identity
of all Persons having access to or authorized to withdraw any funds contained in such accounts or
lockboxes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>3.33 </B><U><B>Internal Control Over Financial Reporting</B></U>. Except as set forth in Schedule&nbsp;3.33,
each of the RFG Family Entities has established and maintains internal control over financial
reporting that (1)&nbsp;provides reasonable assurance regarding the reliability of its financial
reporting and the preparation of its financial statements for external purposes in accordance with
GAAP, (2)&nbsp;maintains records in reasonable detail that accurately and fairly reflect its
transactions and dispositions of assets, (3)&nbsp;provides reasonable assurance that transactions are
recorded as necessary to permit preparation of financial statements in accordance with GAAP and
that receipts and expenditures are being made only in accordance with the authorization of
management, and (4)&nbsp;provides reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition of assets that could have a material effect on
financial statements. The internal control over financial reporting maintained by the RFG Family
Entities does not contain any significant deficiencies or material weaknesses, and the internal
control over financial reporting maintained by RFG does not contain any significant deficiencies or
material weaknesses. None of the RFG Family Entities has used any improper accounting practices to
incorrectly reflect or not reflect any of its Assets, liabilities, revenues, or expenses.
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;4</B><BR>
<U><B>REPRESENTATIONS AND WARRANTIES OF SELLERS</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except in each case as disclosed in the appropriate section of the Sellers&#146; Disclosure Letter
(or in any other section of the disclosure letter to the extent that the relevance of any such
disclosure to any other section of the disclosure letter is reasonably apparent on the face of such
disclosure) or any Schedule hereto, each Seller represents and warrants to Purchaser that the
following representations and warranties (in addition to any representations and warranties made by
any of them elsewhere in this Agreement) are true, correct and complete as of the date of this
Agreement, and that such representations and representations will be true, correct and complete as
of the Closing Date as though remade on the Closing Date with references to the Closing Date
substituted for references to the date of this Agreement:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.1 </B><U><B>Organization and Authority of Securityholder Entities</B></U>. For a Securityholder
Entity, such Securityholder Entity is duly organized, validly existing and in good standing under
the Laws of its jurisdiction of organization or formation and has all necessary power and authority
to enter into this Agreement, to carry out its obligations hereunder and to consummate the
transactions contemplated hereby. The execution and delivery of this Agreement by such
Securityholder Entity and the performance by the Securityholder Entity of its obligations
hereunder, have been duly authorized by all requisite action on the part of each of Securityholder
Entity. The Securityholder Entity is not in violation of any provision of its Organizational
Documents. Mr.&nbsp;K. Catchot, Mr.&nbsp;J. Catchot and Mr.&nbsp;Gibson own all of the outstanding equity
interests of Liberty Fresh Foods, LLC, and <U>Schedule&nbsp;2.14</U> accurately reflects their
respective interests therein. Liberty Fresh Foods, LLC has assets other than the Securities of
RFG. The owners of all of the outstanding equity interests in Cut Fruit, LLC are set forth on
<U>Schedule&nbsp;4.1</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.2 </B><U><B>Execution and Enforceability</B></U>. This Agreement has been duly and validly executed
and delivered by the Seller, and (assuming due authorization, execution and delivery by Purchaser,
RFG and the other Sellers, as applicable) this Agreement and each other document or instrument
executed pursuant to the terms of this Agreement constitutes (or, in the case of any other document
or instrument to be executed after the date hereof, will constitute) a legal, valid and binding
obligation of the Seller (to the extent that each is or will be a party to such documents or
instruments when executed), enforceable against each Seller in accordance with its terms, subject
to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other
similar laws relating to or affecting creditors&#146; rights generally and general equitable principles
(whether considered in a proceeding in equity or at law).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.3 </B><U><B>No Conflict</B></U>. The execution, delivery and performance of this Agreement, each
other document or instrument executed pursuant to the terms of this Agreement and of the
transactions contemplated hereby, does not and will not: (a)&nbsp;violate, conflict with or result in a
breach of any provision of the Organizational Documents of the Securityholder, if a Securityholder
Entity; (b)&nbsp;conflict with or violate any Law or Governmental Order applicable to the Seller or any
of its respective assets, properties or businesses is bound or affected; (c)&nbsp;conflict with, result
in any breach of, constitute a default (or event which with the giving of notice or lapse of time,
or both, would become a default) under, require any consent under, or give to others any rights of
termination, amendment, acceleration, suspension, increase in payment, revocation, or cancellation
of any provision under the terms of any Contract to which the Seller
</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">is a party; or (d)&nbsp;result in the creation of any Encumbrance on any of the assets or
properties of the Seller pursuant to, any note, bond, mortgage or indenture, Contract, agreement,
lease, sublease, license, Permit, franchise or other instrument or arrangement to which the Seller
is a party or by which any of its assets or properties are bound or affected.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.4 </B><U><B>Absence of Litigation</B></U>. As of the date of this Agreement, there is no Action
involving the Seller pending or, to the Knowledge of the Seller, threatened, before any court, or
before any Governmental Authority, in each case that, if adversely determined, would impair or
delay the Seller&#146;s ability to consummate the transactions contemplated hereby or to perform his or
its obligations hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.5 </B><U><B>Investment Intent</B>.</U> The Merger Shares that are allocable to the Seller are being
acquired for the Seller&#146;s own account and not with a view to the public distribution of any of the
Merger Shares. The Seller will not sell, pledge or otherwise transfer any of the Merger Shares
except in accordance with this Agreement and applicable federal and state securities Laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.6 </B><U><B>Restricted Securities</B></U>. The Seller understands that the offering and sale of the
Merger Shares in the Merger is intended to be exempt from registration under the Securities Act by
virtue of Section&nbsp;4(2) of the Securities Act and Regulation&nbsp;D under the Securities Act. The Seller
understands that the Merger Shares are and will remain &#147;restricted securities&#148; under the federal
securities laws because they will be acquired from Calavo in a transaction not involving a public
offering. The Seller understands the resale limitations imposed by the Securities Act and is
familiar with Rule&nbsp;144 under the Securities Act and the conditions which must be met in order for
Rule&nbsp;144 to be available for the public resale of &#147;restricted securities.&#148; The Seller understands
that: (i)&nbsp;the Merger Shares have not been registered or qualified under the Securities Act or the
securities laws of California, Delaware or any other state, and neither the SEC nor any state or
other regulatory authority has made any recommendation or finding concerning the value of the
Merger Shares; (ii)&nbsp;there is no assurance that the Seller will be able to sell the Merger Shares at
a purchase price that the Seller deems reasonable; (iii)&nbsp;the Merger Shares may be offered, sold or
otherwise transferred by the Seller only if the transaction is registered and qualified under the
applicable provisions of federal and state securities laws or if exemptions from such registration
and qualification are available; (iv)&nbsp;the satisfaction of these securities registration exemptions
is the Seller&#146;s responsibility; and (v)&nbsp;Calavo is under no obligation to assist the Seller in
satisfying these exemptions, and Calavo does not intend to register any subsequent transaction by
the Seller under applicable federal and state securities laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.7 </B><U><B>Legend</B>.</U> The Seller understands that legends to the following effect will be
placed on the certificates evidencing the Merger Shares:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&#147;The shares that are represented by this certificate have not been
registered or qualified under the Securities Act of 1933, as amended (the
&#147;Act&#148;), or applicable state securities laws. The shares may not be sold,
offered for sale, assigned, pledged or otherwise transferred unless such
transfer is registered or qualified under the Act and applicable state
securities laws covering such shares or unless the corporation receives an
opinion of counsel or other evidence satisfactory to the corporation to the
effect that such registration and qualification are not required.
</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: 6%">The shares that are represented by this certificate are subject to
restrictions on transfer that are described in an Agreement and Plan of
Merger dated &#95;&#95;&#95;&#95;&#95;, 2011 among the holder of this certificate, Calavo
Growers, Inc. and certain other parties.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.8 </B><U><B>Access to Information</B></U>. The Seller was given an adequate opportunity to review (i)
Calavo&#146;s Annual Report on Form 10-K for the fiscal year ended October&nbsp;31, 2010, (ii)&nbsp;all Proxy
Statements and Reports on Form 10-Q and 8-K that Calavo has filed with the SEC subsequent to
January&nbsp;14, 2011, and (iii)&nbsp;all exhibits to the foregoing documents that Calavo has filed with the
SEC. In evaluating the suitability of an investment in Calavo, the Seller has not relied upon any
representation or other information (whether oral or written) from Calavo or any of its agents that
is inconsistent with the information contained in the documents described in the immediately
preceding sentence. No oral or written representations or recommendations have been made, and no
oral or written information has been furnished, to the Seller regarding the advisability of
acquiring the Merger Shares. Calavo has provided the Seller (including his or her professional
advisors, if any) with a sufficient opportunity to ask questions and receive answers concerning the
terms and conditions of the issuance of the Merger Shares and to obtain any additional information
which Calavo possesses or can acquire without unreasonable effort or expense that is necessary to
verify the accuracy of the information that is contained in the documents described in the first
sentence of this paragraph.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.9 </B><U><B>Investment Experience</B></U>. The Seller has such knowledge and experience in financial
and business matters that the Seller is capable of evaluating the merits and risks of an investment
in Calavo and of making an informed investment decision.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.10 </B><U><B>Residency</B>.</U> The principal residence of the Seller (if not a Securityholder
Entity) or the jurisdiction of organization for the Securityholder (if a Securityholder Entity) is
set forth on <U>Schedule&nbsp;4.10</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.11 </B><U><B>Accredited Investor</B></U>. Each Seller, except for Donald Johnson, is an &#147;accredited
investor&#148; as defined in Rule 501(a) under the Securities Act and each Seller has delivered to
Calavo on the date hereof a fully completed and duly executed Investor Questionnaire in the form
attached hereto as <U><B>Exhibit&nbsp;E</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.12 </B><U><B>No Brokers</B></U>. No broker, finder or investment banker is entitled to any brokerage,
finder&#146;s or other fee or commission in connection with the transactions contemplated by this
Agreement based upon arrangements made by or on behalf of the Seller.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.13 </B><U><B>The Trust</B></U><B>. </B>The Seller has agreed to the Trust arrangement as set forth in the
Trust&#146;s Organizational Documents. The sole beneficiaries of the Trust are the Sellers, and the
Sellers&#146; Representative is the Trustee.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;5</B><BR>
<U><B>REPRESENTATIONS AND WARRANTIES OF CALAVO AND NEWCO</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Calavo and Newco jointly and severally represent and warrant to the Sellers that the following
representations and warranties (in addition to any representations and warranties made
</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">by either of them elsewhere in this Agreement) are true, correct and complete as of the date
of this Agreement, and that such representations and representations will be true, correct and
complete as of the Closing Date as though remade on the Closing Date with references to the Closing
Date substituted for references to the date of this Agreement:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.1 </B><U><B>Organization and Authority of Calavo and Newco</B></U>. Each of Calavo and Newco is duly
organized, validly existing and in good standing under the laws of its jurisdiction of organization
and has all necessary power and authority to enter into this Agreement, to carry out its
obligations hereunder and to consummate the transactions contemplated hereby. The execution and
delivery of this Agreement by Calavo and Newco, the performance by each of Calavo and Newco of its
obligations hereunder and the consummation by each of Calavo and Newco of the transactions
contemplated hereby, have been duly authorized by all requisite action on the part of each of
Calavo and Newco. This Agreement has been duly and validly executed and delivered by Calavo and
Newco, and (assuming due authorization, execution and delivery by RFG and the Sellers, as
applicable) this Agreement and each other document or instrument executed pursuant to the terms of
this Agreement constitutes (or, in the case of any other document or instrument to be executed
after the date hereof, will constitute) a legal, valid and binding obligation of each of Calavo and
Newco (to the extent that each is or will be a party to such documents or instruments when
executed), enforceable against each of Calavo and Newco in accordance with its terms, subject to
applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other
similar laws relating to or affecting creditors&#146; rights generally and general equitable principles
(whether considered in a proceeding in equity or at law). Neither Calavo nor Newco is in violation
of any provision of its Organizational Documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.2 </B><U><B>No Conflict</B></U>. The execution, delivery and performance of this Agreement, each
other document or instrument executed pursuant to the terms of this Agreement and of the
transactions contemplated hereby by each of Calavo and Newco does not and will not: (a)&nbsp;violate,
conflict with or result in a breach of any provision of the Organizational Documents of Calavo or
Newco; (b)&nbsp;conflict with or violate any Law or Governmental Order applicable to Calavo or Newco or
any of their respective assets, properties or businesses is bound or affected; (c)&nbsp;conflict with,
result in any breach of, constitute a default (or event which with the giving of notice or lapse of
time, or both, would become a default) under, require any consent under, or give to others any
rights of termination, amendment, acceleration, suspension, increase in payment, revocation, or
cancellation of any provision under the terms of any Contract to which Calavo or Newco is a party;
or (d)&nbsp;result in the creation of any Encumbrance on any of the assets or properties of Calavo or
Newco pursuant to, any note, bond, mortgage or indenture, Contract, agreement, lease, sublease,
license, permit, franchise or other instrument or arrangement to which Calavo and Newco is a party
or by which any of its assets or properties are bound or affected.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.3 </B><U><B>Governmental Consents and Approvals</B></U>. Except for compliance with the applicable
requirements of the HSR Act, if any, and filings to be made after the Closing with respect to the
Securities Act and any state securities Law, if any, the execution, delivery and performance of
this Agreement by each of Calavo and Newco does not and will not require any
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">consent, approval, authorization or other order of, action by, filing with, or notification
to, any Governmental Authority.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.4 </B><U><B>Absence of Litigation</B></U>. As of the date of this Agreement, there is no Action
involving Calavo or Newco pending or, to the Knowledge of Calavo or Newco, threatened, before any
court, or before any Governmental Authority, in each case that, if adversely determined, would
impair or delay Calavo&#146;s and Newco&#146;s ability to consummate the transactions contemplated hereby or
to perform their obligations hereunder.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.5 </B><U><B>No Brokers</B></U>. No broker, finder or investment banker is entitled to any brokerage,
finder&#146;s or other fee or commission in connection with the transactions contemplated by this
Agreement based upon arrangements made by or on behalf of Purchaser.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.6 </B><U><B>Newco</B></U>. Newco is a newly-formed, wholly-owned subsidiary of Calavo, formed solely
for the purpose of the transactions contemplated by this Agreement, holding no assets or
liabilities other than those pursuant to this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.7 </B><U><B>Issuance of Shares to the Securityholders</B></U>. The Merger Shares to be issued by
Calavo to the Securityholders at the Closing will be duly authorized, fully paid and nonassessable.
The Merger Shares issuable as part of the Stage 2 Earn-Out Payment and Stage 3 Earn-Out Payment,
when issued in accordance with the terms hereof, will be duly authorized, fully paid and
nonassessable.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;6</B><BR>
<U><B>PRE-CLOSING COVENANTS OF THE PARTIES</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to their agreements contained in other sections of this Agreement, Purchaser, RFG
and the Sellers agree as follows:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.1 </B><U><B>Conduct of Business Prior to the Closing</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;RFG and the Sellers covenant and agree that, except as otherwise contemplated by this
Agreement, as set forth in <U>Schedule&nbsp;6.1(a)</U> of the Sellers&#146; Disclosure Letter, as required
by applicable Law or as consented to by Purchaser in writing (which consent shall not be
unreasonably conditioned, withheld or delayed), at all times from and after the date hereof through
and to the Closing Date, RFG will, and will cause each other RFG Family Entity to:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;operate its respective Business in the ordinary course consistent with past practice,
including with respect to the collection of accounts receivable and the payment of accounts payable
and other Indebtedness, obligations and Liabilities when due (except for those disputed in good
faith); and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;use commercially reasonable efforts to: (A)&nbsp;preserve in all material respects its present
business operations, organization and goodwill, including the Assets, and (B)&nbsp;preserve in all
material respects the present relationships which it has with its vendors, customers, suppliers,
Employees, contractors, regulators and other Persons having business relationships with it.
</DIV>

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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Without limiting the generality of the foregoing, from the date hereof until the Closing
Date, except as otherwise contemplated by this Agreement, as set forth in <U>Schedule&nbsp;6.1(b)</U>
of the Sellers&#146; Disclosure Letter, as required by applicable Law or as consented to by Purchaser in
writing (which consent shall not be unreasonably conditioned, withheld or delayed), each RFG Family
Entity shall, and RFG and the Sellers shall cause each RFG Family Entity to, except as otherwise
contemplated by this Agreement or as required by applicable Law or as consented to by Purchaser in
writing (which consent shall not be unreasonably conditioned, withheld or delayed):
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;maintain its legal existence and preserve and maintain all Permits required for the
conduct of the Business as currently conducted or the ownership and use of the Assets;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;maintain the books and records of the RFG Family Entities in accordance with past
practice; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;comply in all material respects with all Laws applicable to the conduct of the Business
or the ownership and use of the Assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Each of the RFG Family Entities and each Seller covenants and agrees that, except (1)&nbsp;as
otherwise contemplated by this Agreement, (2)&nbsp;as set forth in <U>Schedule&nbsp;6.1(c)</U> of the
Sellers&#146; Disclosure Letter, (3)&nbsp;as required by applicable Law, or (4)&nbsp;as consented to by Purchaser
in writing (which consent shall not be unreasonably conditioned, withheld or delayed), at all times
from and after the date hereof, through and to the Closing Date, it shall not, directly or
indirectly:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;acquire (by merger, consolidation, a joint venture, acquisition of stock or assets or
other business combination) any corporation, partnership, other business entity, property, plant,
facility, furniture, equipment or other asset, or make or commit to make any capital expenditure or
expenditures, except as set forth in the Capital Expenditure Plan;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;sell, lease, license, transfer, encumber, pledge or dispose of any Assets (including by
way of merger, consolidation, assets sale formation of a joint venture or other business
combination) except in the ordinary course of business consistent with past practices;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;make any loans, advances or capital contributions to, or investments in any Person,
other than intercompany loans made by the RFG Family Entities to any of the other RFG Family
Entities;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;cancel, compromise, terminate or amend any Material Contract, or waive any material
rights thereunder in each case, other than in the ordinary course of business consistent with past
practice;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;take any action outside the ordinary course of business, consistent with past practice;
</DIV>

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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;incur any Indebtedness for borrowed money, issue any debt securities or assume, guarantee
or endorse the obligations of any other Person or otherwise enter into any Off Balance Sheet
Arrangements;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;Issue, deliver, grant, encumber, pledge, or sell or authorize or propose the issuance,
delivery, grant, encumbrance, pledge or sale of, or purchase or propose the purchase of, any
Securities or other Contracts of any character obligating it to issue any such Securities;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii)&nbsp;Declare, set aside, set a record date with respect to, or pay any dividends on or make
any other distributions (whether in cash, stock or property) in respect of any of its Securities;
split, combine or reclassify any of its capital stock or issue or authorize the issuance of any
other Securities in respect of, in lieu of or in substitution for shares of its capital stock or
any of its other Securities; purchase, repurchase, redeem or otherwise acquire, directly or
indirectly, any of its Securities; or adopt any resolution, plan or arrangement for liquidation,
dissolution or winding-up;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix)&nbsp;adopt, enter into, or increase benefits under any Employee Plan (or any plan that would
be an Employee Plan if in effect on the date hereof) or grant or agree to grant any increase in the
wages, salary, bonus or other compensation, remuneration or benefits (including severance or
termination pay) of any executive-level Employee of any RFG Family Entity, except, in each case, in
the ordinary course of business, consistent with past practice, or as required under applicable Law
or any existing Employee Plan, take any action that would constitute a &#147;mass lay-off&#148; a &#147;mass
termination,&#148; or a &#147;plant closing,&#148; or which would otherwise trigger notice requirements under any
applicable Law concerning reductions in force, such as the WARN Act or any similar Law in any
applicable jurisdiction, except as required by applicable Law, existing Employee Plans or in the
ordinary course of business consistent with past practice;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x)&nbsp;change any plan administrator of any Employee Plan, except as required under applicable
Law;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi)&nbsp;make any change in any of its present accounting methods and practices, except as
required by changes in GAAP or applicable Law;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii)&nbsp;amend, adopt or effect any change to the Organizational Documents of any RFG Family
Entity;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii)&nbsp;cancel or terminate its current Insurance Policies or allow any of the coverage
thereunder to lapse, unless simultaneously with such termination, cancellation or lapse,
replacement policies providing coverage equal to or greater than coverage under the canceled,
terminated or lapsed policies for substantially similar premiums are 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv)&nbsp;enter into any Contract that would be a Material Contract other than those Material
Contracts that are a renewal of an existing contract entered into in the ordinary course of
business;
</DIV>

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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv)&nbsp;settle any pending or threatened Action that any RFG Family Entity would be required to
disclose in the Sellers&#146; Disclosure Letter or otherwise cancel, compromise or settle any material
claim, or waive or release any material rights of any RFG Family Entity;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi)&nbsp;make or change any material non-income Tax election, change an annual accounting period,
file any material amended non-income Tax Return, enter into any material closing agreement, settle
any material non-income Tax claim or assessment, surrender any material right to claim a refund of
Taxes, consent to any extension or waiver of the limitation period applicable to any non-income Tax
claim or assessment, fail to timely file any non-income Tax Return or timely pay any non-income Tax
(in each case, taking into account any valid extensions);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii)&nbsp;give any material consent or exercise any material option under any Real Property Lease
or acquire any Owned Real Property, except for any alteration that is in progress as of the date
hereof;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii)&nbsp;take any action that would reasonably be expected to make any of the representations
or warranties contained in this Agreement untrue or incorrect or prevent RFG or the Sellers from
performing or cause RFG or any of the Sellers not to perform one or more covenants required
hereunder to be performed by RFG or the Sellers; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix)&nbsp;agree or commit to any of the foregoing, whether in writing or otherwise.
</DIV>

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</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.2 </B><U><B>Access to Information</B></U>. Prior to the Closing Date, Purchaser shall be entitled,
through its officers, employees and Representatives, to reasonable access during normal business
hours to the officers, employees, agents, and offices of the RFG Family Entities and their books
and records, including any income Tax Returns or income Tax records, and the RFG Family Entities
shall furnish Purchaser with such data and information of the RFG Family Entities as Purchaser
reasonably requests. In exercising its rights hereunder, Purchaser shall conduct itself so as not
to interfere in the conduct of the RFG Family Entities prior to the Closing. Notwithstanding
anything to the contrary set forth in this Agreement, none of the RFG Family Entities nor any of
their Affiliates shall be required to disclose to Purchaser or any agent or Representative thereof
any information if doing so could violate any Contract or Law to which the RFG Family Entities or
any of their Affiliates is a party or is subject or which such Person believes in good faith could
result in a loss of the ability to successfully assert a claim of privilege (including, without
limitation, the attorney-client and work product privileges). Prior to the Closing, Purchaser
shall not (and shall cause its Representatives and agents not to) use any information obtained
pursuant to this Section&nbsp;6.2 for any purpose unrelated to the transactions described in this
Agreement. No information or knowledge obtained by Purchaser pursuant to this Section&nbsp;6.2 or
pursuant to any other provision of this Agreement shall be deemed to qualify, modify, or limit any
representation or warranty of any Seller contained in this Agreement or elsewhere.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.3 </B><U><B>Commercially Reasonable Efforts; Regulatory and Other Authorizations; Consents</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Subject to the terms and conditions set forth in this Agreement, each of the Parties
hereto shall use its commercially reasonable efforts to take, or cause to be taken, all actions,
and to do, or cause to be done, and to assist and cooperate with the other parties in doing, all
things necessary, proper or advisable under applicable Laws to consummate and make effective the
transactions contemplated by this Agreement as promptly as practicable, including the obtaining of
all necessary actions, waivers, consents and approvals from Governmental Authorities, and the
making of all necessary registrations and filings and the taking of all steps as may be necessary
to obtain an approval or waiver from, or to avoid an Action by, any Governmental Authority.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Within two days after the execution of this Agreement, Purchaser and RFG shall determine
whether a filing is required under the HSR Act in connection with the Merger. The RFG Family
Entities and Purchaser shall promptly, but in no event in the case of the HSR Act, later than ten
days after the date hereof, make all required filings in connection with the transaction
contemplated hereby under (i)&nbsp;the HSR Act and (ii)&nbsp;any other applicable Laws (other than filings to
be made after the Closing with respect to the Securities Act and any state securities Law), and
thereafter make any other required submissions under the HSR Act and other such Laws and use
commercially reasonable efforts and diligence to satisfy any other conditions necessary to comply
with the filing requirements of the HSR Act and any other similar applicable Laws and to obtain
early termination of any waiting period pursuant thereto.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The RFG Family Entities and Purchaser shall keep each other apprised of the status of
matters relating to the completion of the transactions contemplated by this Agreement and, to the
extent legally permissible, promptly inform each other of the substance of
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">notices or other communications between the RFG Family Entities or Purchaser and their
Representatives and counsel, as the case may be, or any of their respective Subsidiaries, and any
third party and/or any Governmental Authority with respect to such transactions. Each of the RFG
Family Entities and Purchaser shall use its commercially reasonable efforts to take such action as
may be required to cause the expiration of the waiting periods under applicable Law with respect to
such transactions as promptly as possible after the execution of this Agreement. The RFG Family
Entities and Purchaser shall keep each other timely apprised of any inquiries or requests for
additional information from any Governmental Authority pursuant to any applicable Law, and shall
comply promptly with any such reasonable inquiry or request. To the extent permitted by applicable
Law, the RFG Family Entities and Purchaser shall permit counsel for the other Party reasonable
opportunity to review in advance, and consider in good faith the views of the other party in
connection with, any proposed written communication to any Governmental Authority. Each of RFG and
Purchaser agrees not to participate in any substantive meeting or discussion, either in person or
by telephone, with any Governmental Authority in connection with the transactions contemplated by
this Agreement without having consulted with the other Party to the extent practicable in advance
and, to the extent not prohibited by such Governmental Authority, giving the other Party&#146;s outside
counsel the opportunity to attend and participate.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Each of RFG and Purchaser shall use its commercially reasonable efforts to resolve such
objections, if any, as may be asserted by any Governmental Authority with respect to the
transactions contemplated by this Agreement and to take such action as may be required to cause the
expiration of the notice periods under the HSR Act or other Antitrust Laws with respect to such
transactions, if applicable, as promptly as possible after the execution of this Agreement. In
that regard, each will comply at the earliest practicable date with any request under the HSR Act
or other Antitrust Laws for additional information, documents, or other materials received by each
of them or any of their respective Subsidiaries or Affiliates from the FTC, the Antitrust Division
of the United States Department of Justice (the &#147;<U><B>Antitrust Division</B></U>&#148;) or any other
Governmental Authority in respect of such filings or such transactions and cooperate with each
other in connection with any such filing (including, to the extent permitted by applicable Law,
providing copies of all such documents to the non-filing Parties prior to filing and considering
all reasonable additions, deletions or changes suggested in connection therewith).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Notwithstanding anything to the contrary in this Agreement, however, neither Purchaser nor
any RFG Family Entity shall be required, in connection with the matters covered by this Section
6.3, to (i)&nbsp;contest, resist or challenge any legal proceeding instituted (or threatened to be
instituted) by any Governmental Authority challenging any transaction contemplated by this
Agreement as a violation of any antitrust Law or otherwise seek to have any Governmental Order,
including any preliminary injunction or other similar temporary order that is in effect and that
prohibits, prevents, or restricts consummation of the transactions contemplated by this Agreement,
vacated, lifted, reversed, or overturned, (ii)&nbsp;pay any amounts (other than the payment of nominal
processing or required governmental filing fees) to obtain any consent or approval (other than
costs and fees associated with responding to requests for additional information) or to settle any
claim that may be contested, (iii)&nbsp;appeal any decision or Action of any court, (iv)&nbsp;hold separate
(including by trust or otherwise) or divest any of their or (after the Closing) any of the RFG
Family Entities&#146; respective businesses, product lines or assets,
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(v)&nbsp;agree to any limitation on the operation or conduct of their or (after the Closing) any of
the RFG Family Entities&#146; respective businesses, or (vi)&nbsp;waive any of the conditions set forth in
Section&nbsp;7.3 (Conditions Precedent to Purchaser&#146;s Closing Obligations) of this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.4 </B><U><B>Further Action</B></U>. Each of the Parties hereto shall use all commercially reasonable
efforts to take, or cause to be taken, all appropriate action, to do or cause to be done all things
necessary, proper or advisable under applicable Law, and to execute and deliver such documents and
other papers, each as may be required to carry out the provisions of this Agreement and to
consummate and make effective the transactions contemplated by this Agreement. Neither the RFG
Family Entities nor the Sellers will take any action that is designed or intended to have the
effect of discouraging any lessor, licensor, customer, supplier, or other business associate of the
RFG Family Entities from maintaining the same business relationships with the RFG Family Entities
after the Closing as it maintained with the RFG Family Entities prior to the Closing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.5 </B><U><B>Third Party Consents</B></U><B>. </B>The RFG Family Entities and the Sellers shall use
commercially reasonable efforts to obtain prior to the Closing, and deliver to Purchaser at or
prior to the Closing, all consents and approvals under each Contract listed or described on
<U>Schedule&nbsp;6.5</U> of the Sellers&#146; Disclosure Letter (and any Contract entered into after the
date hereof that would have been required to be listed or described on <U>Schedule&nbsp;6.5</U> if
entered into prior to the date hereof), such consents and approvals to be in form and substance
satisfactory to Purchaser.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.6 </B><U><B>Terminations</B></U><B>. </B>The RFG Family Entities and the Sellers shall use commercially
reasonable efforts to terminate prior to the Closing each Contract and arrangement listed or
described on <U>Schedule&nbsp;7.3(k)</U> of the Sellers&#146; Disclosure Letter (and any Contract or
arrangement entered into after the date hereof that would have been required to be listed or
described on <U>Schedule&nbsp;7.3(k)</U> if entered into prior to the date hereof), including but not
limited to the guarantee executed by GHCA of the obligations of LIG Partners, LLC owed to Umpqua
Bank, the Lines of Credit, and any notes payable to any Related Persons, and obtain from the
parties thereto a release and waiver of any and all claims that any of them may have under such
agreements. RFG shall deliver to Purchaser at or prior to the Closing, documentation of such
termination in a form reasonably acceptable to Purchaser. Each Seller that is a party to any
Contracts listed on <U>Schedule&nbsp;7.3(k)</U> hereby agrees to terminate such Contract effective at
or prior to Closing.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.7 </B><U><B>No Solicitation of Other Bids</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The RFG Family Entities and the Sellers shall not, and shall not authorize or permit any
of their Affiliates or any of their Representatives (including the Sellers&#146; Representative) to,
directly or indirectly, (i)&nbsp;encourage, solicit, initiate, facilitate or continue inquiries
regarding an Acquisition Proposal; (ii)&nbsp;enter into discussions or negotiations with, or provide any
information to, any Person concerning a possible Acquisition Proposal; or (iii)&nbsp;enter into any
agreements or other instruments (whether or not binding) regarding an Acquisition Proposal. The
Sellers shall immediately cease and cause to be terminated, and shall cause the RFG Family Entities
and their Affiliates and all of their Representatives to immediately cease and cause to be
terminated, all existing discussions or negotiations with any Persons conducted heretofore with
respect to, or that could lead to, an Acquisition Proposal. For purposes hereof, &#147;<U><B>Acquisition
Proposal</B></U>&#148; means any inquiry, proposal or offer from any Person (other than
</DIV>




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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Purchaser or any of its Affiliates) relating to the direct or indirect disposition, whether by
asset or stock sale, merger or otherwise, of all or any portion of the Business or Assets of any
RFG Family Entity, other than products sold in the ordinary course of business.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;In addition to the other obligations under this Section&nbsp;6.7, each Seller or RFG, as
applicable, shall promptly (and in any event within three business days after receipt thereof by
RFG or such Seller) advise Purchaser orally and in writing of any Acquisition Proposal, any request
for information with respect to any Acquisition Proposal, or any inquiry with respect to or which
could reasonably be expected to result in an Acquisition Proposal, the material terms and
conditions of such request, Acquisition Proposal or inquiry, and the identity of the Person making
the same.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Each Seller and RFG agrees that the rights and remedies for noncompliance with this
Section&nbsp;6.7 shall include having such provision specifically enforced by any court having equity
jurisdiction, it being acknowledged and agreed that any such breach or threatened breach shall
cause irreparable injury to Purchaser and that money damages would not provide an adequate remedy
to Purchaser.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.8 </B><U><B>Notice of Certain Events</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;From the date hereof until the Closing, each of Purchaser, on the one hand, and RFG and
the Sellers, on the other, shall promptly notify the other Party in writing of:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;any fact, circumstance, event or action the existence, occurrence or taking of which (A)
has had, or could reasonably be expected to have, individually or in the aggregate, a Material
Adverse Effect, (B)&nbsp;has resulted in, or could reasonably be expected to result in, any
representation or warranty made by RFG, any Seller or Purchaser, as applicable, hereunder not being
true and correct if such inaccuracy would cause the conditions set forth in either Section&nbsp;7.2(a)
or 7.3(a) to not be satisfied, or (C)&nbsp;has resulted in, or could reasonably be expected to result
in, the failure of any of the conditions or covenants set forth in this Agreement to be complied
with or otherwise satisfied;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;any notice or other communication from any Person alleging that the consent of such
Person is or may be required in connection with the transactions contemplated by this Agreement;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;any notice or other communication from any Governmental Authority in connection with the
transactions contemplated by this Agreement; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;any Action commenced or, to the Knowledge of the RFG Family Entities, threatened against,
relating to, or involving or otherwise affecting the Business that, if pending on the date of this
Agreement, would have been required to have been disclosed in the Sellers&#146; Disclosure Letter or
that relates to the consummation of the transaction contemplated by this Agreement.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The receipt of information by Purchaser or RFG pursuant to this Section&nbsp;6.8 shall not operate as a
waiver or otherwise affect any representation, warranty or agreement given or made by any
</DIV>




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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">RFG Family Entity, any Seller or Purchaser, as applicable, in this Agreement and shall not be
deemed to amend or supplement the Sellers&#146; Disclosure Letter or the Purchaser&#146;s Disclosure Letter,
as applicable.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.9 </B><U><B>Seller Transfers</B></U>. Each Seller agrees that until the earlier of the Effective Time
or the termination of this Agreement pursuant to Article&nbsp;11, he or it shall not sell, pledge or
otherwise transfer any of his or her Securities of RFG (or with respect to Mr.&nbsp;K. Catchot, Mr.&nbsp;J.
Catchot and Mr.&nbsp;Gibson, his Securities of Liberty Fresh Foods, LLC) without the prior written
consent of Purchaser.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.10 </B><U><B>Employment of Earn-Out Key Employees</B></U>. Newco agrees to enter into and to deliver
at or prior to the Closing to Mr.&nbsp;J. Catchot, an employment agreement substantially in the form
set forth in <U><B>Exhibit&nbsp;F-1</B></U>, Mr.&nbsp;K. Catchot, an employment agreement substantially in the form
set forth in <U><B>Exhibit&nbsp;F-2</B></U>, and to Mr.&nbsp;Gibson, an employment agreement substantially in the
form set forth in <U><B>Exhibit&nbsp;F-3</B></U> (each, an &#147;<U><B>Employment Agreement</B></U>&#148;). Each Seller that
is an Earn-Out Key Employee hereby agrees to enter into and to deliver at or prior to the Closing
to Newco an Employment Agreement, as applicable. Each of Mr.&nbsp;J. Catchot, Mr.&nbsp;K. Catchot, Mr.
Gibson, Mr.&nbsp;Castillo and Mr.&nbsp;Johnson agree to comply with all of the terms of (1)&nbsp;Calavo&#146;s Code of
Business Conduct and Ethics that Calavo posts on its website or files with the Securities and
Exchange Commission and (2)&nbsp;Calavo&#146;s Employment Handbook that Calavo distributes generally to its
employees, including employees of Calavo&#146;s subsidiaries.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.11 </B><U><B>Release</B></U>. Effective at the Closing, each Seller releases and discharges each of
the RFG Family Entities and their subsidiaries, officers, directors, employees, equity holders,
agents, attorneys and predecessors and successors in interest, heirs, executors and assigns, from
any and all claims for relief, including all causes of actions, suits, petitions or demands in law
or equity, direct, derivative, or otherwise, and any and all allegations of liability, including
any allegation of debts, obligations, promises, guarantees, damage awards, or for any equitable,
legal and administrative relief that have been, could have been, or may be asserted in any court
action, whether federal or state, or otherwise, or before any administrative body, tribunal,
arbitrator or arbitration panel, regardless of whether known or unknown, foreseen or unforeseen, or
fixed or contingent at the time of the Closing, that any Seller may have against any of the RFG
Family Entities. The release contained herein is intended to be complete and final and to cover
not only claims, demands, liabilities, damages, actions and causes of action which are known, but
also claims, demands, liabilities, damages, actions and causes of action which are unknown or which
the Seller does not suspect to exist in its favor which, if known at the time of executing this
Agreement, might have affected its actions, and therefore the Seller expressly waives the benefit
of the provisions of Section&nbsp;1542 of the California Civil Code, which provides:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 6%">&#147;A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT
KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE
RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR
HER SETTLEMENT WITH THE DEBTOR.&#148;
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Each Seller hereby waives and relinquishes all rights and benefits that he or it has or may
have had under Section&nbsp;1542 of the California Civil Code or the law of any other state, country, or
jurisdiction to the same or similar effect to the full extent that he may lawfully waive such
rights.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.12 </B><U><B>Quitclaim</B></U>. Effective at the Closing, each Seller assigns to RFG, without
additional compensation, all right, title and interest in all creations, including without
limitation all ideas, processes, inventions, technology, writings, software programs, designs,
formulas, discoveries, patents, copyrights, or trademarks, or any claims or rights, (and any
related improvements or modifications to the foregoing), whether or not subject to patent or
copyright protection (collectively, &#147;<U><B>Creations</B></U>&#148;), relating to the Business that have been
or will be conceived or developed by the Seller alone or with others, whether or not conceived
before, on or after the date hereof. Such Creations shall be the sole property of RFG and, to the
maximum extent permitted by applicable law, shall be deemed works made for hire. To the extent
that any such work is deemed not to be a &#147;work made for hire&#148; or that other Intellectual Property
rights are embodied therein, each of the Sellers hereby assigns, and agrees to assign, to RFG all
right, title and interest in and to any such work and all related Intellectual Property rights, as
well as to all other Intellectual Property contributed to or conceived or made by such Seller at
any time during his or its employment or engagement with the RFG Family Entities (in each case,
whether alone or jointly with others). Each Seller shall execute such written instruments and do
other such acts as may be necessary in the opinion of Purchaser to obtain a patent, register a
copyright, or otherwise enforce RFG&#146;s rights in such Creations (and such Seller hereby irrevocably
appoints RFG and any of its officers as his or its attorney in fact to undertake such acts in his
or its name).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.13 </B><U><B>Amendments of Schedules</B></U><B>. </B>RFG may deliver (by written notice to Purchaser)
supplements to the disclosure schedules to this Agreement with respect to any actions, events,
conditions, circumstances or matters arising or occurring after the execution and delivery of this
Agreement which, if existing, occurring or known at the date of this Agreement, would have been
required to be set forth or described in the Sellers&#146; Disclosure Letter; <U>provided</U> that such
supplement may only amend the Sellers&#146; Disclosure Letter to reflect actions, events, conditions,
circumstances or matters that are not the result of a breach of any covenant set forth in this
Agreement. The supplement shall list each updated, supplemented or amended item by an appropriate
reference to the applicable Section of this Agreement. Notwithstanding any provision in this
Agreement to the contrary, unless Purchaser provides RFG with a written termination notice pursuant
to Section&nbsp;11.1(b) prior to the Closing, the disclosure schedules shall be deemed for purposes of
Article&nbsp;10 hereof to include and reflect such supplement made in accordance with this Section&nbsp;6.13
prior to the Closing Date, but solely with respect to those actions, events, conditions,
circumstances or matters disclosed thereon that occurred after the date of this Agreement;
<U>provided</U>, <U>however</U>, that no such supplemented disclosure schedule shall cure, or be
deemed to cure, any breach of this Agreement that existed as of the date of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.14 </B><U><B>Closing Statement</B></U><B>. </B>RFG shall prepare and deliver the Closing Statement as set
forth in Section&nbsp;2.11.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.15 </B><U><B>Public Announcements</B></U>. Prior to the Closing Date, no Party shall issue any press
release or public announcement concerning this Agreement or the transactions contemplated hereby
without prior consultation with and written approval of the other Parties hereto, which approval
will not be unreasonably conditioned, withheld or delayed, unless disclosure is
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">otherwise required by applicable Law (including applicable federal securities Laws) or by the
applicable rules of any stock exchange, provided that, to the extent required by applicable Law or
by the applicable rules of any stock exchange, the Party intending to make such release shall use
its commercially reasonable efforts consistent with such applicable Law or the rules of any stock
exchange to consult with the other Party with respect to the text thereof and to consider in good
faith any proposed modifications thereto.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;7</B><BR>
<U><B>CLOSING</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.1 </B><U><B>Closing</B></U>. Subject to the terms and conditions of this Agreement, the transactions
contemplated hereby shall take place and become effective at the Closing to be held at the offices
of TroyGould PC, 1801 Century Park East, Suite&nbsp;1600, Los Angeles CA 90067 on (i)&nbsp;the second
business day following the satisfaction or waiver, if permissible, of the conditions to the Closing
set forth in Article&nbsp;7 (other than those conditions to be satisfied on the Closing Date, but
subject to the waiver or satisfaction of such conditions), or (ii)&nbsp;at such other time or place as
RFG and Purchaser mutually agree. Except to the extent expressly set forth in this Agreement to
the contrary, and notwithstanding the actual occurrence of the Closing at any particular time on
the Closing Date, the Closing shall be deemed to occur and be effective as of the Effective Time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.2 </B><U><B>Conditions Precedent to RFG&#146;s and Sellers&#146; Closing Obligations</B></U>. The obligations
of RFG and the Sellers to consummate the transactions contemplated by this Agreement shall be
subject to the fulfillment or, to the extent permitted by applicable Law, written waiver by RFG and
the Sellers&#146; Representative (in their sole discretion), at or prior to the Closing, of each of the
following conditions:
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;The representations and warranties of Purchaser contained in this Agreement shall be true
and correct (disregarding any materiality qualifications in such representations and warranties) on
the date hereof and as of the Closing Date with the same effect as though made at and as of such
date (except for those representations and warranties or the portions thereof that address matters
as of a specified date, the accuracy of which shall be determined as of that specified date),
except where the failure of such representations and warranties to be true and correct has not had
and would not reasonably be expected to have, individually or in the aggregate, a material adverse
effect on the ability of Purchaser to consummate the transactions contemplated by this Agreement,
provided that the immediately preceding qualification shall be applicable solely for purposes of
determining RFG&#146;s and the Sellers&#146; obligation to close the transactions contemplated by this
Agreement and shall not be deemed to have modified or limited the Sellers&#146; rights to
indemnification pursuant to Article&nbsp;10;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;The covenants and agreements contained in this Agreement to be complied with by Purchaser
on or prior to the Closing shall have been complied with in all material respects; provided that
any covenants or agreements that are qualified by materiality or Material Adverse Effect shall be
complied with in all respects; and
</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;RFG shall have received a certificate from Purchaser to the effect of clauses (i)&nbsp;and
(ii)&nbsp;above, signed by a duly authorized officer thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>No Order</U>. No action or proceeding shall be pending before any Governmental
Authority (i)&nbsp;to enjoin, restrain or prohibit the consummation of the transactions contemplated
hereby or (ii)&nbsp;which if adversely decided would have a Material Adverse Effect. No Governmental
Authority shall have enacted, issued or promulgated any Law or Governmental Order that would
enjoin, restrain or prohibit the consummation of the transactions contemplated hereby or which
would have a Material Adverse Effect.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Regulatory Approvals</U>. All applicable waiting periods under applicable Law,
including, if applicable, the HSR Act, with respect to the transactions contemplated by this
Agreement shall have expired or been terminated, and all of the approvals or consents of
Governmental Authorities required to consummate the transactions contemplated by this Agreement and
set forth on <U>Schedule&nbsp;7.3(c)</U> of the Sellers&#146; Disclosure Letter shall have been obtained.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Secretary&#146;s Certificate</U>. RFG shall have received a certificate of the Secretary
or an Assistant Secretary (or equivalent officer) of Calavo and Newco, respectively, certifying
that attached thereto are true and complete copies of all resolutions adopted by the Board of
Directors of Calavo and the member of Newco, respectively, authorizing the execution, delivery and
performance of this Agreement and the other transaction documents and the consummation of the
transactions contemplated hereby and thereby, and that all such resolutions are in full force and
effect and are all the resolutions adopted in connection with the transactions contemplated hereby
and thereby.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Leases</U>. Leases, substantially in the form attached hereto as <U><B>Exhibit&nbsp;G-1</B></U>
with respect to GHCA and LIG Partners, LLC, and substantially in the form attached hereto as
<U><B>Exhibit&nbsp;G-2</B></U> with respect to the lease between GHSW and &#091;* * *&#093;, shall have been executed
and such leases shall be in full force and effect at the Closing. In addition, GHSW and &#091;* * *&#093;
shall have entered into an agreement concerning GHSW&#146;s rights with respect to &#091;* * *&#093;,
substantially in the form attached hereto as <U><B>Exhibit&nbsp;G-3</B></U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Other Items</U>. At the Closing, Purchaser shall have delivered to the Sellers&#146;
Representative the agreements, documents and instruments set forth in Section&nbsp;7.4.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Merger Certificate</U>. The Merger Certificate shall have been filed with the
Secretary of State of the State of Delaware.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <U>Merger Shares and Securities of Surviving RFG</U>. Calavo shall have delivered to the
Escrow Agent the Holdback Shares and the Securities of Surviving RFG for purposes of Section&nbsp;10.8.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.3 </B><U><B>Conditions Precedent to Purchaser&#146;s Closing Obligations</B></U>. The obligations of
Purchaser to consummate the transactions contemplated by this Agreement shall be subject to the
fulfillment or, to the extent permitted by applicable Law, written waiver by Purchaser (in its sole
discretion), at or prior to the Closing, of each of the following conditions:
</DIV>

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


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;The representations and warranties of RFG and each of the Sellers contained in this
Agreement shall be true and correct (disregarding any materiality or Material Adverse Effect
qualifications in such representations and warranties) on the date hereof and as of the Closing
Date with the same effect as though made at and as of such date (except for those representations
and warranties or the portions thereof that address matters as of a specified date, the accuracy of
which shall be determined as of that specified date), except where the failure of such
representations and warranties to be true and correct has not had and would not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect, provided that the
immediately preceding Material Adverse Effect qualification shall be applicable solely for purposes
of determining Purchaser&#146;s obligation to close the transactions contemplated by this Agreement and
shall not be deemed to have modified or limited Purchaser&#146;s rights to indemnification pursuant to
Article&nbsp;10;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;The covenants and agreements contained in this Agreement to be complied with by RFG and
the Sellers on or prior to the Closing shall have been complied with in all material respects;
provided that any covenants or agreements that are qualified by materiality or Material Adverse
Effect shall be complied with in all respects;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;Purchaser shall have received a certificate from RFG to the effect of clauses (i)&nbsp;and
(ii)&nbsp;above, signed by a duly authorized officer of RFG; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;Purchaser shall have received a certificate from each of the Sellers to the effect of
clauses (i)&nbsp;and (ii)&nbsp;above, signed by the Seller if a natural person or a duly authorized officer
if a Securityholder Entity;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>No Order</U>. No action or proceeding shall be pending before any Governmental
Authority (i)&nbsp;to enjoin, restrain or prohibit the consummation of the transactions contemplated
hereby or (ii)&nbsp;which if adversely decided would have a Material Adverse Effect. No Governmental
Authority shall have enacted, issued or promulgated any Law or Order that would enjoin, restrain or
prohibit the consummation of the transactions contemplated hereby or which would have a Material
Adverse Effect;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Regulatory Approvals</U>. All applicable waiting periods under applicable Law,
including, if applicable, the HSR Act, with respect to the transactions contemplated by this
Agreement shall have expired or been terminated, and all of the approvals or consents of
Governmental Authorities required to consummate the transactions contemplated by this Agreement and
set forth on <U>Schedule&nbsp;7.3(c)</U> of the Sellers&#146; Disclosure Letter shall have been obtained;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>No Material Adverse Effect</U>. Since the date of this Agreement, there shall not
have occurred any Material Adverse Effect, nor shall any event or events have occurred that,
individually or in the aggregate, with or without the lapse of time, would reasonably be expected
to result in a Material Adverse Effect;
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Secretary&#146;s Certificate</U>. Purchaser shall have received a certificate of the
Secretary or an Assistant Secretary (or equivalent officer) of RFG certifying that attached thereto
are true and complete copies of all resolutions adopted by the board of managers or other governing
body of RFG authorizing the execution, delivery and performance of this Agreement and the other
transaction documents and the consummation of the transactions contemplated hereby and thereby, and
that all such resolutions are in full force and effect and are all the resolutions adopted in
connection with the transactions contemplated hereby and thereby;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Incumbency Certificate</U>. Purchaser shall have received a certificate of the
Secretary or an Assistant Secretary (or equivalent officer) of RFG certifying the names and
signatures of the officers of RFG authorized to sign this Agreement and the other documents to be
delivered hereunder;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Fairness Opinion.</U> Calavo shall have received a written opinion from
Key
&#038; Company LLC, in form and substance reasonably satisfactory to Calavo, stating that the
transaction contemplated hereby is fair, from a financial point of view, to Calavo&#146;s shareholders;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <U>Required Audit</U>. Moss Adams LLP (the &#147;<U><B>Auditor</B></U>&#148;) shall have completed an
audit of the financial statements of RFG (the &#147;<U><B>Closing Financial Statements</B></U>&#148;) as reasonably
required by Calavo in order to satisfy its reporting requirements with the SEC (the
&#147;<U><B>Audit</B></U>&#148;). The Auditor shall have issued its opinion without qualification, and such Audit
shall indicate that RFG is solvent and that the representations regarding internal accounting
controls set forth in Section&nbsp;3.33 are true and correct. The Closing Financial Statements of RFG,
as audited, shall be in all material respects consistent with the Financial Statements, to the
satisfaction of Calavo in its sole discretion. The Closing Financial Statements must (i)&nbsp;comply
as of the Closing as to form in all material respects with the requirements of Rule&nbsp;3-05 of
Regulation&nbsp;S-X promulgated under the Exchange Act with respect to an acquired business, assuming
that RFG is acquired by an entity registered under Section&nbsp;12 of the Exchange Act; (ii)&nbsp;present
fairly, in all material respects, the financial position of RFG on a consolidated basis (taken as a
whole) as at the dates thereof and the statements of income and cash flows of the RFG for the
periods then ended; and (iii)&nbsp;accurately reflect in all material respects the books of account and
other financial records of the RFG Family Entities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) &#091;* * *&#093;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <U>Leases</U>. The leases and other agreements described in Section&nbsp;7.2(e) shall have
been executed and such leases and agreements shall be in full force and effect at the Closing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <U>Termination of Certain Agreements</U>. RFG shall have delivered copies of
documentation, in form and substance reasonably acceptable to Purchaser, evidencing the termination
of the Contracts or arrangements set forth on <U>Schedule&nbsp;7.3(k)</U>, including but not limited to
the guarantees executed by GHCA of the obligations of LIG Partners, LLC owed to Umpqua Bank, the
Lines of Credit, and any notes payable to any Related Persons, and the release and waiver by any
parties thereto of any and all claims that any of them may have under such agreements.
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <U>Consents</U>. Purchaser shall have received satisfactory evidence that RFG shall have
obtained the consents and approvals listed on <U>Schedule&nbsp;7.3(l)</U> and all such approvals and
consents shall have been obtained on terms that are not reasonably likely to adversely affect
Purchaser&#146;s ownership or operations of the businesses of Calavo or Surviving RFG.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) &#091;* * *&#093;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) <U>Merger Certificate</U>. The Merger Certificate shall have been filed with the
Delaware Secretary of State.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) <U>Closing Statement</U>. The Closing Statement shall have been delivered to Purchaser
in accordance with Section&nbsp;2.11.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) <U>Other Items</U>. The Sellers shall have delivered to Purchaser the agreements,
documents and instruments set forth in Section&nbsp;7.5.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.4 </B><U><B>Purchaser&#146;s Closing Deliveries</B></U>. At the Closing, Purchaser shall deliver to the
Sellers the following instruments, agreements and documents, duly executed where applicable, each
of which must be in form and substance reasonably satisfactory to the Sellers:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the Closing certificate described in Section&nbsp;7.2(a);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;the Employment Agreements, duly executed by Newco;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;the Escrow Agreement, duly executed by Calavo;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;a certificate of good standing for Newco issued by the Secretary of State of the State of
Delaware, dated as of a date not more than five days prior to the Closing Date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;the Merger Certificate, for filing with the Secretary of State of the State of Delaware,
duly executed by Newco;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;the Initial Merger Cash by wire transfer of immediately available funds to the Trust, as
set forth in Section&nbsp;2.9;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;all other documents required to be delivered by Purchaser on or prior to the Closing Date
pursuant to this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.5 </B><U><B>Sellers&#146; Closing Deliveries</B></U>. At the Closing, the Sellers shall deliver to
Purchaser the following instruments, agreements and documents, duly executed where applicable, each
of which must be in form and substance reasonably satisfactory to Purchaser:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Escrow Agreement, duly executed by the Sellers&#146; Representative;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;any letter of transmittal or similar documentation reasonably requested by Purchaser in
connection with the cancellation of the Securities of RFG and the payment of the Merger
Consideration;
</DIV>





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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <B>&#091;Reserved&#093;</B>;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;a certificate of good standing for RFG issued by the Secretary of State of the State of
Delaware, dated as of a date not more than five days prior to the Closing Date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;the Closing certificate described above in Section&nbsp;7.3(a);
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;the Merger Certificate, duly executed by RFG;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <B>&#091;Reserved&#093;</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;written opinions from the counsel of RFG, substantially in form attached hereto as
<U><B>Exhibit&nbsp;H</B></U>;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;the Employment Agreements, duly executed by each of the Earn-Out Key Employees;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j)&nbsp;duly executed stock assignments from the Sellers regarding the Holdback Shares that are
required to be delivered as security to the Escrow Agent in accordance with Section&nbsp;2.10; and
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k)&nbsp;all other documents required to be delivered by RFG or the Sellers on or prior to the
Closing Date pursuant to this Agreement.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;8</B><BR>
<U><B>POST CLOSING TAXES</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.1 </B><U><B>Returns and Payments</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Purchaser shall prepare and file (or cause to be prepared and filed) all Tax Returns with
respect to the RFG Family Entities due after the Closing Date (including any valid extensions of
time). Tax Returns of the RFG Family Entities due after the Closing Date that relate to any period
beginning before the Closing Date (such Tax Returns, the &#147;<U><B>Straddle Return</B></U>&#148;) shall be
prepared in a manner reasonably consistent with past practices employed with respect to the RFG
Family Entities, except where a contrary manner is required by Law. Purchaser shall provide the
Sellers&#146; Representative with a copy of each completed Straddle Return (or, in the case of Tax
Returns filed for an affiliated group, the portion of such consolidated Tax Return solely relating
to the RFG Family Entities), together with appropriate supporting information and schedules at
least fifteen days prior to the due date (including any extensions thereof) for the filing of such
Straddle Return, and the Sellers&#146; Representative shall have the right to review and comment on such
Straddle Return prior to the filing of such Straddle Return and Purchaser shall accept all
reasonable comments provided by the Sellers&#146; Representative; provided, however, that for any
Straddle Return required to be filed within ninety days of the Closing Date (taking into account
any available extensions), Purchaser shall instead use commercially reasonable efforts to afford
the Sellers&#146; Representative a reasonable opportunity (but in no event less than ten business days)
to review and approve such Straddle Return prior to filing. The failure of the Sellers&#146;
Representative to propose any changes to any such Straddle Return within fifteen days following the
receipt thereof shall be deemed to
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">constitute its approval thereof. Purchaser shall file or cause to be filed all such Tax
Returns and shall pay the Taxes shown due thereon; provided, however, that nothing contained in the
foregoing shall in any manner terminate, limit or adversely affect any right of Purchaser to
receive indemnification pursuant to any provision in this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Purchaser and the Sellers&#146; Representative agree that the Transaction Tax Benefit items, to
the extent permitted by Law, shall be included as deductions of the RFG Family Entities in all Tax
Returns for the Stub Period with respect to income taxes (&#147;<U><B>Stub Period Income Tax Returns</B></U>&#148;)
and further agree that the &#147;next day rule&#148; of Treasury Regulation&nbsp;Section&nbsp;1.1502-76(b)(1)(ii)(B)
has no application with respect to such Transaction Tax Benefit items. For purposes of this
Agreement, the &#147;<U><B>Stub Period</B></U>&#148; shall be any taxable year of the RFG Family Entities that ends
on the Closing Date for U.S. federal income tax purposes or for purposes of any other taxing
jurisdiction. The RFG Family Entities will prepare or cause to be prepared and file or cause to be
filed, and cause their Affiliates to prepare or cause to be prepared and file or cause to be filed,
all Tax Returns in a manner consistent with the provisions of this Section&nbsp;8.1.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.2 </B><U><B>Cooperation with Respect to Tax Returns</B></U><B>. </B>Purchaser and the Sellers&#146;
Representative shall furnish or cause to be furnished to each other, and each at their own cost and
expense, as promptly as practicable, such information (including access to books and records) and
assistance, including making employees available on a mutually convenient basis to provide
additional information and explanations of any material provided, relating to the RFG Family
Entities as is reasonably necessary for the filing of any Tax Return, for the preparation for any
audit and for the prosecution or defense of any claim, suit or proceeding relating to any
adjustment or proposed adjustment with respect to Taxes. Purchaser shall retain in its possession,
and shall provide the Sellers&#146; Representative reasonable access to (including the right to make
copies of), such supporting books and records and any other materials that the Sellers&#146;
Representative may specify with respect to Tax matters relating to any taxable period ending on or
prior to the Closing Date for a period of seven years after the Closing. After such time, Purchaser
may dispose of such material.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.3 </B><U><B>Tax Audits</B></U><B>. </B>Purchaser shall have the sole right to represent the interests of the
RFG Family Entities in all Tax audits or administrative or court proceedings related to Taxes;
provided, however, that with respect to audits or proceedings regarding any item, the adjustment of
which may cause the Sellers to become obligated to make any payment pursuant to Article&nbsp;10,
Purchaser shall consult with the Sellers&#146; Representative, and not settle any such item, without the
consent of the Sellers&#146; Representative (which shall not be unreasonably withheld, delayed or
conditioned) (any such audits or proceedings, a &#147;<U><B>Relevant Proceeding</B></U>&#148;); provided further
that Purchaser shall not be required to seek the Sellers&#146; Representative&#146;s consent with respect to
audits or proceedings that could reasonably be expected to result in payments by the Sellers of
less than $10,000. Where consent to settlement is withheld by the Sellers&#146; Representative pursuant
to this Section&nbsp;8.3, any Liability of Purchaser and its Subsidiaries (including Surviving RFG) for
Taxes, after giving effect to this Agreement, shall not exceed the Liability for Taxes that would
have resulted had the Sellers&#146; Representative not withheld its consent. Notwithstanding anything
to the contrary set forth in this Section&nbsp;8.3, the Sellers&#146; Representative may represent the
interests of the RFG Family Entities in any Relevant Proceeding at its own
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">expense insofar as the items at issue relate solely to taxable periods of the RFG Family
Entities ending on or prior to the Closing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.4 </B><U><B>Allocation of the Purchase Price; Form&nbsp;8594</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;As promptly as practicable after the Closing, Calavo shall allocate the Merger
Consideration in accordance with Code Sections&nbsp;1060 among the assets of the RFG Family Entities,
and Calavo shall advise the Sellers&#146; Representative of the allocation.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Calavo shall prepare and file an Internal Revenue Service Form&nbsp;8594, Asset Acquisition
Statement Under Section&nbsp;1060 (&#147;<U><B>Form&nbsp;8594</B></U>&#148;), that is consistent with the allocation of the
Merger Consideration described in this Section&nbsp;8.4. Upon the request of Calavo, the Sellers&#146;
Representative shall execute the Form&nbsp;8594 and deliver it to Calavo within ten days after a request
for the executed Form&nbsp;8594 is made by Calavo. If required by applicable law, Calavo shall also
prepare and file amendments to Form&nbsp;8594 after the exact amount of the Earn-Out Payments has been
determined and, within ten days after receiving Calavo&#146;s request, the Sellers&#146; Representative shall
execute and deliver to Calavo each such amended Form&nbsp;8594.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;So long as Purchaser complies with the Code with respect to such allocations, Calavo and
the Sellers agree to be bound by Calavo&#146;s allocation of the Purchase Price described in this
Section&nbsp;8.4 in the preparation, filing, and audit of all tax returns, and each party agrees that
(if required by applicable law) it shall file the Form&nbsp;8594 with its tax return for the taxable
year that includes the Closing Date and, if required by applicable law, each Party shall file an
amended Form&nbsp;8594 consistent with the allocation principles described in this Section&nbsp;8.4 with
respect to the allocation of the Earn-Out Payments after the exact amount of the Earn-Out Payments
has been determined.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;9</B><BR>
<U><B>CONFIDENTIALITY AND NONCOMPETITION AGREEMENTS</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>9.1 </B><U><B>Confidentiality</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Purchaser, RFG, and each Seller and each of their respective Affiliates and
Representatives shall treat all nonpublic information obtained in connection with this Agreement
and the transactions contemplated hereby as confidential in accordance with the terms of the
Confidentiality Agreement. The terms of the Confidentiality Agreement are hereby incorporated by
reference and shall continue in full force and effect until the Closing, at which time such
Confidentiality Agreement shall terminate. If this Agreement is, for any reason, terminated prior
to the Closing, the Confidentiality Agreement shall continue in full force and effect in accordance
with its terms.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;At all times following the Closing, Purchaser shall, and shall cause its Subsidiaries to,
keep confidential and not use for any purpose all nonpublic information regarding the Sellers, of
which Purchaser or its Subsidiaries may be aware.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;At all times following the Closing, the Sellers shall, and each Seller shall cause its
respective Affiliates to, hold, and shall cause its or their respective Representatives
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(including the Sellers&#146; Representative) to hold in confidence any and all non-public
information, whether written or oral, concerning the Business, Surviving RFG or Purchaser.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;This Section&nbsp;9.1 shall not apply to the extent any confidential information subject hereto
(x)&nbsp;is or becomes public after the Closing other than through the fault of the Person who received
such information (the &#147;<U><B>Receiving Party</B></U>&#148;), (y)&nbsp;is received after the Closing from a third
party that is lawfully in possession of the same and did not obtain it from the Person whose
confidential information is being disclosed (the &#147;<U><B>Disclosing Party</B></U>&#148;), or (z)&nbsp;is
independently developed after the Closing by the Receiving Party without using the disclosed
information. Notwithstanding anything in this Agreement to the contrary, the Receiving Party shall
be entitled to disclose any information disclosed in connection with this Agreement or the
Confidentiality Agreement (i)&nbsp;if requested or required by Law, regulation or legal or regulatory
process (in which case, prior to such disclosure, the Receiving Party will give the Disclosing
Party prior written notice and an opportunity to obtain, at such Party&#146;s sole cost and expense, a
protective order or other appropriate remedy against such disclosure; in the event such protective
order or other remedy is not obtained, the Receiving Party will use commercially reasonable efforts
to disclose only that portion of the confidential information which is legally required to be
disclosed and to ensure that all confidential information that is so disclosed will be accorded
confidential treatment, in each case at the Disclosing Party&#146;s sole cost and expense) and (ii)&nbsp;to
the extent necessary to enforce its rights under this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>9.2 </B><U><B>Noncompetition Covenant</B></U>. To provide Calavo the full value of its acquisition of
RFG, and as a material inducement to Calavo to enter into this Agreement and to consummate the
transactions contemplated hereby, each Seller, except Cut Fruit, LLC, agrees to refrain from
competing with Purchaser, Surviving RFG or any of its Subsidiaries to the extent provided in this
Article&nbsp;9. Without the prior written consent of Calavo, no Seller (other than Cut Fruit, LLC)
shall, at any time during the period described in Section&nbsp;9.3, directly or indirectly (whether as
owner, investor, lender, principal, agent, partner, officer, director, employee, independent
contractor, consultant, shareholder or otherwise), and whether or not for compensation, engage in
(or have any interest in) any business, corporation, person, partnership or other entity that
competes with any business that is engaged in by Purchaser, Surviving RFG or any of its
Subsidiaries (i)&nbsp;in any county, city or other geographic area in the United States (including,
without limitation, each county in the State of California and Texas) or foreign country in which
Purchaser, Surviving RFG or any of its Subsidiaries has conducted its Business prior to the date of
this Agreement, so long as Purchaser, Surviving RFG or any of its Subsidiaries carry on such
Business or a similar business in such place or places, or (ii)&nbsp;in any other domestic or foreign
geographic area in which Purchaser, Surviving RFG or any of its Subsidiaries subsequently conducts
its business, so long as Purchaser, Surviving RFG or any of its Subsidiaries carry on such business
in such place or places. Notwithstanding the foregoing, no Seller subject to this Section&nbsp;9.2
shall not engage in any business (or have an interest in) Cut Fruit, LLC in such a manner that
would conflict with the obligations set forth in the previous sentence. The provisions of this
Section&nbsp;9.2 shall not be construed as prohibiting any Seller from (a)&nbsp;acquiring and owning up to 1%
of the outstanding Securities of any corporation that is a publicly traded corporation or (b)
continuing to provide services for those entities set forth on <U>Schedule&nbsp;9.2</U> of the Sellers&#146;
Disclosure Letter, so long as such entities continue to operate materially the same
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">line of business and so long as such entities do not compete with the business conducted by
Purchaser, Surviving RFG or any of its Subsidiaries.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>9.3 </B><U><B>Duration</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;With respect to Liberty Fresh Foods, LLC and each of the Earn-Out Key Employees, the
noncompetition covenant of Section&nbsp;9.2 shall be effective for a period beginning on the Closing
Date and ending on the fifth annual anniversary of the last day of the Earn-Out Period. With
respect to each of Jose O. Castillo and Donald L. Johnson, the noncompetition covenant in Section
9.2 shall be effective for a period beginning on the Closing Date and ending on the later to occur
of (a)&nbsp;the date his employment with Purchaser (including its Subsidiaries) terminates, and (b)&nbsp;the
first annual anniversary of the last day of the Earn-Out Period.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The preceding provisions of this Section&nbsp;9.3 shall not diminish or otherwise affect any of
the noncompetition or unfair solicitation covenants or other covenants that a Seller or any other
person or entity has given pursuant to an Employment Agreement or any other agreement with Calavo
or Purchaser.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>9.4 </B><U><B>Scope and Reasonableness</B></U>. Calavo and the Sellers agree that it is not their
intention to violate any public policy or statutory or common law. The Parties intend that the
noncompetition covenants contained in Sections&nbsp;9.2 and 9.3 shall be construed as a series of
separate covenants by each Seller, one for each area included in the geographical scope described
in Section&nbsp;9.2 and for each year (or portion thereof) described in Section&nbsp;9.3. Except for
geographical coverage and duration, each such covenant of each Seller shall contain all of the
terms of the covenants of this Article&nbsp;9. If any court of competent jurisdiction refuses to
enforce any covenant contained in this Article&nbsp;9, then such unenforceable covenant shall be deemed
to have been deleted from this Agreement to the extent necessary to permit the remaining separate
covenants to be enforceable. Each Seller has considered the nature and extent of the restrictions
upon competition set forth in this Article&nbsp;9 and agrees that they are reasonable with respect to
duration and geographical scope and in all other respects.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>9.5 </B><U><B>Injunctive Relief</B></U>. Any Party having any rights under any provision of this
Article&nbsp;9 shall be entitled to recover damages by reason of any breach of such provision and to
exercise all other rights and remedies granted by Law, which rights may be exercised cumulatively.
The Parties recognize and agree that the violation of the provisions of this Article&nbsp;9 or of any
other provision of this Agreement cannot be reasonably or adequately compensated in damages and
that, in addition to any other relief to which any Party may be entitled by reason of such
violation, it shall also be entitled to temporary, preliminary and permanent injunctive and
equitable relief. Without limiting the generality of the foregoing, each Seller specifically
agrees that a showing by Calavo of any breach of any provision of this Article&nbsp;9 shall constitute,
for the purposes of all determinations of the issue of injunctive relief, conclusive proof of all
of the elements necessary to entitle Calavo to temporary, preliminary and permanent injunctive
relief against such Seller.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>9.6 </B><U><B>Venue</B></U>. For purposes of injunctive relief, each Seller agrees to submit to the
jurisdiction of the courts located in the jurisdiction or jurisdictions where it is alleged that
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Purchaser is at the time being damaged by an alleged breach or violation of the provisions of
this Article&nbsp;9.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;10</B><BR>
<U><B>INDEMNIFICATION</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.1 </B><U><B>Survival of Representations, Warranties and Agreements</B></U>. Except as described in
this Section&nbsp;10.1, all representations and warranties of the Parties that are contained in this
Agreement or in any document delivered pursuant to this Agreement shall survive the Closing for a
period of 24&nbsp;months. Notwithstanding the foregoing: (i)&nbsp;representations and warranties relating
to Tax, Employee, environmental and other matters as to which the beneficiary of the
representations and warranties may have Liability under applicable statutes, rules or regulations
or judicial or administrative orders, judgments or decrees shall not expire until the later to
occur of the expiration of any applicable statute of limitations or the second anniversary of the
Closing; (ii)&nbsp;representations and warranties that are made fraudulently by a Party shall survive
forever; (iii)&nbsp;the Sellers&#146; representations and warranties that are contained in Sections&nbsp;3.1
(Organization, Authority and Qualification of the RFG Family Entities), Section&nbsp;3.2
(Capitalization), Section&nbsp;3.3 (Subsidiaries and Other Interests), Section&nbsp;3.4 (Due Authorization),
4.1 (Organization and Authority of Securityholder Entities), 4.2 (Execution and Enforceability) and
4.5 through 4.11 (Investment Representations) shall survive forever; and (iv)&nbsp;Calavo&#146;s
representations and warranties that are contained in Sections&nbsp;5.1 (Organization and Authority of
Calavo and Newco) and 5.7 (Issuance of Shares to the Securityholders) shall survive forever. All
covenants of the Parties contained in this Agreement and in the documents delivered pursuant to
this Agreement shall survive the Closing in accordance with their respective terms. A claim for
indemnification may be brought at any time after the Closing and prior to the end of the applicable
survival period. No Party shall be entitled to assert any indemnification pursuant to this Article
10 after the expiration of the applicable survival period; provided that if on or prior to such
expiration of the applicable survival period a notice of claim shall have been given to the
respective indemnifying Party for such indemnification, the indemnified party shall continue to
have the right to be indemnified with respect to the matter or matters to which such claim relates
until such claim for indemnification has been satisfied or otherwise resolved.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.2 </B><U><B>Indemnification by the Sellers</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;From and after the Closing Date, subject to the provisions of this Article&nbsp;10, the
Securityholders jointly and severally, except as provided in Section&nbsp;10.2(b), shall indemnify,
defend and hold harmless Calavo (including Surviving RFG and their Subsidiaries) and each of their
officers, directors, shareholders, members, employees, other Representatives, Affiliates,
successors and permitted assigns (excluding the Sellers to the extent they serve in any such
capacities) from and against any and all losses, damages, obligations, liabilities and other costs
and expenses, including, without limitation, settlement costs, judgments, interest, penalties and
reasonable attorneys&#146; fees, accountants&#146; fees and other costs and expenses for investigating or
defending any Actions, claims and proceedings (all of the foregoing being collectively referred to
herein as &#147;<U><B>Losses</B></U>&#148;) that such parties may incur based upon, arising out of, relating to or
resulting from:
</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Any breach of any representation or warranty made by the Sellers in this Agreement
(including any exhibit, schedule or other agreement or document delivered pursuant to this
Agreement), subject to Section&nbsp;10.2(b);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Any breach of, or failure to perform, any agreement of any RFG Family Entity or any
Seller that is contained in this Agreement (including any exhibit, schedule or other agreement or
document delivered pursuant to this Agreement), subject to Section&nbsp;10.2(b);
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;With respect to the agreements to which Surviving RFG or its Subsidiaries is a party or
is otherwise bound as of the Closing, any breaches or defaults (or events giving rise to such
breaches or defaults) by any of the RFG Family Entities that occurred prior to the Closing;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;Any litigation, arbitration, investigation or other claim or legal proceeding (including,
without limitation, any claims and legal proceedings that are listed on a schedule to this
Agreement), whether brought before or after the Closing, that is based upon or arises out of any
actions or omissions made or taken by any Seller or any of the RFG Family Entities prior to the
Closing;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v)&nbsp;(A)&nbsp;All Taxes of any of the RFG Family Entities for any taxable period ending on or prior
to the Closing Date, (B)&nbsp;all Taxes of any member of an affiliated, combined or unitary group of
which any of the RFG Family Entities is or was a member on or prior to the Closing Date, including
pursuant to Treasury Regulation&nbsp;Section&nbsp;1.1502-6 or any analogous or similar state, local or
foreign Law; and (C)&nbsp;any and all Taxes of any Person (other than the RFG Family Entities) imposed
on the RFG Family Entities as a transferee or successor, by Contract or pursuant to any Law, which
Taxes relate to an event or transaction occurring on or prior to the Closing Date; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi)&nbsp;All payments and other Losses made or incurred by any RFG Family Entity after the Closing
Date that are attributable to any guarantees executed by such RFG Family Entity prior to the
Closing Date of any obligations of any Seller or of any Affiliate of any Seller, including without
limitations the guarantees executed by GHCA of the obligations of LIG Partners, LLC owed to Umpqua
Bank and EDF Resource Capital, Inc.; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii)&nbsp;Any litigation, arbitration, investigation or other claim or legal proceeding, whether
brought before or after the Closing, that is based upon or arises out of the Roll Up Transaction or
any actions or omissions made or taken by the Trust;
</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 Closing and subject to the provisions of this Article&nbsp;10, each Seller
severally (and not jointly) shall indemnify, defend and hold harmless Calavo (including Surviving
RFG and their Subsidiaries) and each of their officers, directors, shareholders, members,
employees, other Representatives, Affiliates, successors and permitted assigns from and against any
and all Losses that such Parties may incur based upon, arising out of, relating to or resulting
from (a)&nbsp;any breach by the Seller of the representations and warranties set forth in Article&nbsp;4, (b)
any unpaid Taxes of any Seller under Treasury Regulation&nbsp;Section&nbsp;1.1502-6 (or any similar provision
of state, local or foreign law), as a transferee 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">successor, by contract, or otherwise and (c)&nbsp;any breach by the Seller of any covenants applicable to such
Seller after the Closing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Notwithstanding Section&nbsp;10.2(a) and 10.2(b), a Securityholder shall not be deemed to have
agreed to indemnify another Seller under Section&nbsp;10.2(a) or 10.2(b) by reason of such other
Seller&#146;s position as an officer, director, shareholder, member or employee of Calavo (including
Surviving RFG and their Subsidiaries).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Notwithstanding anything in Section&nbsp;10.5(a) to the contrary, Mr.&nbsp;K. Catchot, Mr.&nbsp;J.
Catchot and Mr.&nbsp;Gibson (and their Affiliates, to the extent their Affiliates receive any payments
from Liberty Fresh Foods, LLC) agree to be jointly and severally liable for any obligations of
Liberty Fresh Foods, LLC, if and to the extent that Liberty Fresh Foods, LLC defaults on its
obligations pursuant to this Article&nbsp;10.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.3 </B><U><B>Indemnification by Calavo</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;From and after the Closing Date and subject to the provisions of this Article&nbsp;10, Calavo
shall indemnify, defend and hold harmless the Securityholders and each of their respective
officers, directors, shareholders, members, employees, other Representatives, Affiliates,
successors and permitted assigns from and against any and all Losses that such parties may incur
based upon, arising out of, relating to or resulting from:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;Any breach of any representation or warranty of Purchaser made in this Agreement
(including any exhibit, schedule or other agreement or document delivered pursuant to this
Agreement); or
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;Any breach of, or failure to perform, any agreement of Purchaser that is contained in
this Agreement (including any exhibit, schedule or other agreement or document delivered pursuant
to this Agreement).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Only the Sellers&#146; Representative, on behalf of the Securityholder, may assert a claim for
indemnification or other remedy against Calavo pursuant to this Article&nbsp;10.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Notwithstanding Section&nbsp;10.3(a), Calavo shall not be deemed to have agreed to indemnify
Surviving RFG or any other RFG Family Entity (all of which will be owned by Calavo as of the
Effective Time) by reason of the fact that Surviving RFG or any other RFG Family Entity may be
deemed to be an Affiliate of any Seller or to have any other relationship with such Seller.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.4 </B><U><B>Notice of Claims; Contest of Claims</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;If any indemnified party believes that it has incurred any Losses, or if any claim or
legal proceeding is instituted by a third party with respect to which any indemnified party intends
to claim any Losses under this Article&nbsp;10, the indemnified party shall so notify the indemnifying
Party. The notice shall describe the Losses, the amount of the Losses, if known, and the method of
computation of the Losses, all with reasonable particularity and shall contain a reference to the
provisions of this Agreement in respect of which the Losses shall have been
</DIV>




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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">incurred; and, in the case of a claim or legal proceeding by a third party, shall include a
copy of all documents received by the indemnified party in connection therewith and any other
information known to the indemnified party with respect to the claim or legal proceeding. The
notice shall be given promptly after the indemnified party becomes aware of each such Loss, claim
or legal proceeding, but failure to give such prompt notice shall not affect an indemnifying
Party&#146;s obligations hereunder except to the extent (if any) that the indemnifying Party has
suffered Losses as a result of such notification failure.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;With respect to any indemnification notice that does not involve a claim or legal
proceeding by a third party, the indemnifying Party shall be deemed to have accepted the notice and
the indemnifying Party shall be deemed to have agreed to pay the Losses at issue if the
indemnifying Party does not send a notice of disagreement to the indemnified party within ten
calendar days after receiving the notice. If the indemnifying Party does not send a notice of
disagreement to the indemnified party within ten calendar days after receiving the notice, the
indemnifying Party shall, within ten days after receipt of such notice of Losses, pay or cause to
be paid to the indemnified party the amount of Losses incurred by the indemnified party and
described in the notice.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;With respect to an indemnification notice that involves a claim or legal proceeding by a
third party (a &#147;<U><B>Third Party Claim</B></U>&#148;), the indemnifying Party shall, within ten days after
receipt of such notice, notify the indemnified party if it elects to conduct and control the
defense of the claim or legal proceeding, provided that any such election must be accompanied by a
written acknowledgement by the indemnifying Party of its obligation to indemnify the indemnified
party with respect to all elements of such claim or legal proceeding. If the indemnifying Party
does not so notify the indemnified party of its election to conduct and control the defense of the
claim or legal proceeding, the indemnified party shall have the right to defend, contest, settle or
compromise the claim or legal proceeding, and the indemnifying Party shall, within ten days after
receipt of notice from the indemnified party, pay to the indemnified party the amount of any Losses
resulting from the indemnified party&#146;s liability to the third-party claimant.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;Subject to the provisions of Section&nbsp;10.4(c) and 10.4(d), the indemnifying Party shall
have the right to undertake, conduct and control, through counsel of its own choosing (and
reasonably acceptable to the indemnified party) and at the sole expense of the indemnifying Party,
the defense of a Third Party Claim. At the expense and request of the indemnifying Party, the
indemnified party shall cooperate in connection with such defense; the indemnified party shall
otherwise be entitled to participate in (but not control) the defense of the claim or legal
proceeding at its own expense subject to Section&nbsp;10.4(d). So long as the indemnifying Party is
defending the claim or legal proceeding in good faith and on a reasonable basis, and so long as the
indemnified party does not incur any Losses by reason of the defense of the claim or legal
proceeding, the indemnified party shall not pay or settle the claim or legal proceeding.
Notwithstanding the foregoing, the indemnified party shall have the right to pay or settle the
Action at any time, provided that in such event the indemnified party shall waive any right to
indemnity therefor by the indemnifying Party. The indemnifying Party shall not settle the Action
without the written consent of the indemnified party, which shall not be unreasonably withheld;
provided, however, that the indemnified party shall not be required to give its consent (A)&nbsp;if
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">pursuant to or as a result of such payment, settlement, compromise or cessation, injunctive or
other equitable relief will be imposed against the indemnified party, or (B)&nbsp;if such payment,
settlement or compromise includes a statement or admission of fault, culpability or failure to act
by or on behalf of any indemnified party, or (C)&nbsp;if such payment, settlement or compromise does not
expressly and unconditionally release the indemnified party from all liabilities and obligations
with respect to such claim, with prejudice, or (D)&nbsp;if such settlement is reasonably expected to
have a material adverse effect on the business of the indemnified party.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Notwithstanding the foregoing, the indemnifying Party shall not be entitled to assume
control of such defense and shall pay the reasonable fees and expenses of counsel retained by the
indemnified party if (A)&nbsp;the claim for indemnification relates to or arises in connection with any
criminal proceeding, action, indictment, allegation or investigation, (B)&nbsp;the claim seeks an
injunction or equitable relief against the indemnified party, (C)&nbsp;the indemnified party has been
advised by legal counsel that there is a conflict of interest between the indemnified party and the
indemnifying Party in the conduct of the defense of such Third-Party Claim, (D)&nbsp;the indemnifying
Party failed or is failing to use commercially reasonable efforts to prosecute or defend such
Third-Party Claim and such failure would reasonably be expected to have a material adverse effect
on the indemnified party, or (E)&nbsp;the indemnifying Party fails to provide to the indemnified party
reasonable evidence that the indemnifying Party has reasonably sufficient financial resources to
defend such Third-Party Claim.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;If the indemnifying Party is entitled to and does assume control of the defense of
any Third-Party Claim, all the Parties shall reasonably cooperate in the defense or prosecution
thereof, including giving each other reasonable access to all information relevant thereto, subject
to receipt of a reasonable confidentiality agreement. The Parties shall use commercially reasonable
efforts to make employees and other representatives available on a mutually convenient basis to
provide additional information and explanation of any material provided in connection therewith.
Such cooperation shall include the retention and (upon the indemnifying Party&#146;s request) the
provision to the indemnifying Party of records and information that are reasonably relevant to such
Third-Party Claim, and the parties shall use commercially reasonable efforts to make employees
available on a mutually convenient basis to provide additional information and explanation of any
material provided hereunder.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;Notwithstanding anything to the contrary in this Agreement, any notice or other
communication contemplated to be made by or to any Seller under this Article&nbsp;10 will instead be
made by or to the Sellers&#146; Representative.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.5 </B><U><B>Additional Indemnification Limitations</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The maximum indemnification obligation of each Securityholder under this Agreement shall
not exceed the Merger Consideration actually received, or that actually becomes payable, to such
Securityholder (including the amount of the Holdback Shares, any payments made with respect to the
Closing Adjustment Amount, and the value of any Merger Shares at the Merger Shares Value). The
maximum aggregate indemnification obligation of Calavo under this Agreement shall not exceed the
Merger Consideration that actually becomes payable to the Securityholders (including the amount of
the Holdback Shares, any payments
</DIV>




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



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">made with respect to the Closing Adjustment Amount, and the value of any Merger Shares at the
Merger Shares Value).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;No claims shall be made for indemnification from the Sellers pursuant to Section&nbsp;10.2(a)
or 10.2(b) unless and until the aggregate amount of the Losses incurred by the indemnified parties
described in Section&nbsp;10.2 exceeds $30,000, in which event the indemnified parties described in
Section&nbsp;10.2 shall become entitled to full indemnification for all of their Losses, subject to the
limits specified in Section&nbsp;10.5(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;No claims shall be made by the indemnified parties described in Section&nbsp;10.3 for
indemnification from Calavo pursuant to Section&nbsp;10.3(a) unless and until the aggregate amount of
the Losses incurred by the indemnified parties described in Section&nbsp;10.3 exceeds $30,000, in which
event the Sellers shall become entitled to full indemnification for all of their Losses, subject to
the limits specified in Section&nbsp;10.5(a).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;The indemnification limitations described in this Section&nbsp;10.5 shall not apply to a claim
that is made based upon an allegation of fraud by the indemnifying Party.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;The aggregate amount of Losses for which the indemnified parties described in Section&nbsp;10.2
may seek indemnification hereunder shall be reduced by the net amount of (i)&nbsp;any proceeds of
insurance actually received by the indemnified parties described in Section&nbsp;10.2 from non-Affiliate
third parties in connection with a claim for indemnification by such indemnified parties, minus
(ii)&nbsp;any reasonable and documented costs and expenses incurred directly in connection with the
recovery of such amounts (including any premium increases reasonably and in good faith related to
such claim). The indemnified parties described in Section&nbsp;10.2 shall use commercially reasonable
efforts to seek recovery under all applicable insurance policies covering any Loss to the same
extent as it would if such Loss were not subject to indemnification hereunder, but only to the
extent such indemnified party believes in good faith that such recovery is available;
<U>provided</U> that the indemnified parties described in Section&nbsp;10.2 shall not be required to
instigate litigation or other dispute resolution. In the event that an insurance or other recovery
is received by any of the indemnified parties described in Section&nbsp;10.2 with respect to any Loss
for which any such Person has been indemnified hereunder, then a refund equal to the aggregate
amount of the recovery (net of reasonable expenses incurred in obtaining such recovery) shall be
made promptly to the Escrow Account (if the Holdback Period has not yet expired and payments were
made in Holdback Shares) or to the Sellers (if the Holdback Period has expired or payments were not
made in Holdback Shares).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;To the extent that the Securityholders do not timely make payments as set forth in this
Article&nbsp;10 to Calavo and the Holdback Period has not expired, Calavo may use the Holdback Shares to
recover any refund to which it may be entitled.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.6 </B><U><B>Materiality Limits</B></U>. For the purposes of this Article&nbsp;10, any qualification of
any representation or warranty contained in this Agreement or any document delivered pursuant to
this Agreement that purports to limit such representation or warranty based on &#147;materiality&#148; or
&#147;Material Adverse Effect&#148; or similar language shall be disregarded in calculating the amount of
Losses in the event of a breach of such representation or warranty.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.7 </B><U><B>Offset</B></U><B>. </B>Subject to Section&nbsp;2.10, if Calavo or Surviving RFG becomes entitled to
receive an indemnification payment under the terms of this Article&nbsp;10, Calavo shall have the right
to apply any unpaid Earn-Out Payments that are otherwise payable (or become payable) to the
Securityholders pursuant to Article&nbsp;2 above as an offset against, and in full or partial
satisfaction of, the amounts that are owed to Calavo pursuant to the indemnification provisions of
this Article&nbsp;10; provided however that with respect to claims for indemnification pursuant to
Section&nbsp;10.2(b), Calavo may only offset pursuant to this Section&nbsp;10.7 against the Earn-Out Payments
allocated to such Securityholder (in which case payments made to the Securityholders may not be in
accordance with the percentages set forth in <U><B>Exhibit&nbsp;A</B></U>). Any Earn-Out Payments subject to
a claim for indemnification made prior to the end of the Earn-Out Period shall not be released
until the underlying claim has been finally resolved pursuant to Section&nbsp;10.4.
Notwithstanding the foregoing, the amount or duration of the indemnification obligations
pursuant to this Article&nbsp;10 shall not be limited to the Earn-Out Payments.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.8 </B><U><B>Security for Earn-Out Payments</B></U><B>.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;As security for the prompt and full payment of the Earn-Out Payments as and when due and
payable, effective at the Closing, Calavo hereby grants to the Securityholders a first-priority
security interest in all of the Securities of Surviving RFG (the &#147;<U><B>Collateral Interests</B></U>&#148;).
The security interest created by this Agreement shall automatically terminate upon the earlier to
occur of (a)&nbsp;the payment of all Earn-Out Payments that become due and payable during the Earn-Out
Period or (b)&nbsp;the determination (either as mutually agreed by Calavo and the Sellers&#146;
Representative or as otherwise determined by the Independent Accountant) that no Earn-Out Payments
have become or will become due during the Earn-Out Period, either because the required Earn-Out
Triggers have not been met or otherwise. Unless and until an Earn-Out Payment has become due and
payable and Calavo has not made such payment in full, Calavo may exercise any and all voting and
other consensual rights pertaining to the Collateral Interests for any purpose not inconsistent
with the terms of this Agreement and Calavo may receive, retain and distribute any and all
dividends and distributions paid in respect of the Collateral Interests. Only the Sellers&#146;
Representative (acting on behalf of the Securityholders) is entitled to exercise the rights and
remedies available to a secured party as a result of Calavo&#146;s failure to pay in full any Earn-Out
Payments that are due and payable, and such exercise shall constitute the Sellers&#146; sole remedy for
Calavo&#146;s failure to pay the Earn-Out Payments in full and neither the Securityholders nor the
Sellers shall have no other right to obtain monetary payments from, or injunctive relief against,
Calavo as a result of Calavo&#146;s failure to pay such Earn-Out Payments.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Calavo agrees to deliver to the Escrow Agent the certificates representing the Collateral
Interests for purposes of perfecting the security interest granted pursuant to this Section. The
Escrow Agent shall hold the certificates representing the Collateral Interests in accordance with
this Section&nbsp;10.8 and the Escrow Agreement. Upon termination of the security interest provided in
this Section&nbsp;10.8, the Escrow Agent shall return the certificates representing the Collateral
Interests to Calavo.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.9 </B><U><B>Cooperation.</B></U> Notwithstanding anything to the contrary contained in this Article
10, the Parties shall cooperate in good faith and in all reasonable respects with each other in
connection with the determination and resolution of any indemnification claim hereunder.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.10 </B><U><B>Exclusive Remedy</B></U><B>. </B>This Agreement sets forth the sole and exclusive remedies of
Purchaser, on the one hand, and of the Securityholders and Sellers, on the other hand, for a breach
of this Agreement by the other party. The obligations set forth in this Article&nbsp;10 shall be
binding upon the respective successors and assigns of Calavo, the Securityholders and the Sellers.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.11 </B><U><B>Tax Treatment of Indemnity Payments</B></U><B>. </B>Purchaser, Surviving RFG and the
Securityholders shall treat any indemnity payment made pursuant to this Article&nbsp;10 as an adjustment
to the Merger Consideration for all Tax purposes.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;11</B><BR>
<U><B>TERMINATION</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.1 </B><U><B>Termination</B></U>. This Agreement may be terminated at any time prior to the Closing
Date (the &#147;<U><B>Termination Date</B></U>&#148;):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;by Purchaser, effective upon written notice to RFG, if there shall have been a material
breach of any of the representations, warranties, agreements or covenants set forth in this
Agreement on the part of the RFG Family Entities or the Sellers which has rendered the satisfaction
of any conditions set forth in Section&nbsp;7.3 incapable of fulfillment, such violation or breach has
not been waived by Purchaser, and the breach has not been cured within thirty days following
Purchasers&#146; written notice of such breach; provided that the right to terminate this Agreement
under this Section&nbsp;11.1(a) shall not be available to Purchaser if it is then in material breach of
any representation, warranty, covenant, or other agreement contained herein;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;by Purchaser at any time following its receipt of any supplement to the disclosure
schedules delivered pursuant to Section&nbsp;6.13 hereof, if Purchaser, in its reasonable discretion,
determines that the contents of the supplement describe actions, events, conditions, circumstances
or matters that (a)&nbsp;are intended to cure any misrepresentation or inaccuracy in, or any breach of,
any representation or warranty set forth in Article&nbsp;3 or Article&nbsp;4 that exists hereunder by reason
of such action, event, condition, circumstance or matter, and (b)&nbsp;are materially adverse to the
business, operations, assets, properties, liabilities, condition (financial or otherwise) or
operating results of any of the RFG Family Entities.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;by RFG, effective upon written notice to Purchaser, if there shall have been a material
breach of any of the representations, warranties, agreements or covenants set forth in this
Agreement on the part of Purchaser which has rendered the satisfaction of any conditions set forth
in Section&nbsp;7.2 incapable of fulfillment, such violation or breach has not been waived by RFG, and
the breach has not been cured within thirty days following the RFG&#146;s written notice of such breach;
provided that the right to terminate this Agreement under this Section&nbsp;11.1(c) shall not be
available to RFG if any of the RFG Family Entities or any of the Sellers are then in material
breach of any representation, warranty, covenant, or other agreement contained herein;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;by RFG or Purchaser, effective upon written notice, if the Closing shall not have occurred
within 60&nbsp;days after the date of this Agreement (the &#147;<U><B>End Date</B></U>&#148;); provided, however, that
if on the End Date the conditions to the Closing set forth in Section&nbsp;7.2(c)
</DIV>


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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(Regulatory Approvals) or 7.3(c) (Regulatory Approvals) shall not have been satisfied but all
other conditions to the Closing shall be satisfied or shall be capable of being satisfied upon
satisfaction of the condition to the Closing set forth in such sections, then any Party shall have
the right to extend the End Date an additional 30&nbsp;days by notifying the other Party in writing of
such election prior to the End Date; provided, further, that the right to terminate this Agreement
under this Section&nbsp;11.1(d) shall not be available to any party whose failure to fulfill any
obligation under this Agreement (including the obligation to consummate the Closing, subject to the
satisfaction or waiver of the applicable conditions precedent to the Closing, pursuant to Article&nbsp;7
hereof) shall have been the cause of, or shall have resulted in, the failure of the Closing to
occur on or prior to such date;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;by RFG or Purchaser, effective upon written notice, if there shall be in effect a final,
non-appealable order of a Governmental Authority of competent jurisdiction permanently prohibiting
the consummation of the transactions contemplated by this Agreement; or
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;by the mutual written consent of RFG and Purchaser.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.2 </B><U><B>Effect of Termination</B></U>. In the event of termination of this Agreement as provided
in Section&nbsp;11.1, this Agreement shall forthwith become void and there shall be no liability on the
part of any Party hereto arising under or out of this Agreement except that the provisions of
Section&nbsp;9.1 (Confidentiality), this Article&nbsp;11 (Termination and Waiver), and Article&nbsp;12 (General
Provisions) shall survive the termination of this Agreement; provided that nothing herein shall
relieve any Party from liability for damages of the other Party resulting from the intentional
misrepresentation or willful breach by a Party of any of its representations, warranties or
covenants set forth in this Agreement.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Article&nbsp;12</B><BR>
<U><B>GENERAL PROVISIONS</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.1 </B><U><B>Notices</B></U>. All notices and other communications required or permitted by this
Agreement to be given by one Party to another Party shall be delivered in writing, by registered or
certified United States mail (postage prepaid and return receipt requested), by reputable overnight
delivery service, or by facsimile or electronic mail transmission (with confirmation of receipt
immediately thereafter by telephone), (a)&nbsp;with respect to Calavo Growers, Inc., to 1141A Cummings
Road, Santa Paula, CA 93060, Attention: Chief Executive Officer, Phone: (805)&nbsp;525-1245, of (b)&nbsp;with
respect to the Sellers, to the address for the Sellers&#146; Representative appearing in <U>Schedule
12.1</U> of the Sellers&#146; Disclosure Schedule (or such other address or facsimile number as the
Party may designate to the other parties to this Agreement); provided however that after the
Closing, any notice or other communication to be made by or to any Seller will instead be made by
or to the Sellers&#146; Representative. Any such notice or communication that is sent in the foregoing
manner shall be deemed to have been delivered on the same day as the facsimile or electronic mail
transmission, three days after deposit in the United States mail or one day after delivery to an
overnight delivery service. In the event of such notice to the Sellers&#146; Representative, a copy of
such notice shall also be provided to Ralph J. Rivkind, Esq., Rackemann, Sawyer &#038; Brewster, P.C.,
160 Federal Street, Boston, MA 02110, facsimile: (617)&nbsp;542-7437.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.2 </B><U><B>Amendments and Termination; Entire Agreement</B></U>. This Agreement may be amended
prior to the Closing, only by a writing executed by Purchaser, RFG and the Sellers&#146; Representative,
or after the Closing by Calavo, Surviving RFG and the Sellers&#146; Representative. Together with the
exhibits and schedules to this Agreement, this Agreement constitutes the entire agreement of the
Parties relating to the subject matter hereof and supersedes all prior oral and written
understandings and agreements relating to such subject matter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.3 </B><U><B>Expenses</B></U>. Except as otherwise set forth herein, each Party hereto shall bear all
costs and expenses incurred by it, in connection with the negotiation of this Agreement and the
other agreements and documents contemplated hereby, the performance of its obligations hereunder
and thereunder and the consummation of the transactions contemplated hereby and thereby.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.4 </B><U><B>Incorporation of Exhibits and Schedules</B></U>. All exhibits and schedules that are
attached to this Agreement are incorporated into this Agreement and shall be deemed to be part of
this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.5 </B><U><B>Successors and Assigns</B></U>. This Agreement shall be binding upon, and shall benefit,
the Parties hereto and their respective successors and assigns. Notwithstanding the foregoing, (i)
the rights and obligations of the Sellers hereunder are not assignable to another Person without
Purchaser&#146;s prior written consent, (ii)&nbsp;the Sellers may not sell, assign or otherwise transfer any
Merger Shares except in accordance with the terms and conditions of this Agreement, and (iii)&nbsp;the
rights and obligations of Purchaser hereunder are not assignable to another person without the
Sellers&#146; prior written consent, except that Calavo may assign its rights and obligations hereunder
without obtaining such consent in connection with Calavo&#146;s merger with and into another corporation
or in connection with the sale of all or substantially all of Calavo&#146;s assets or capital stock to
another Person, provided that such other Person assumes in a writing delivered to the Sellers all
of the obligations of Calavo to the Sellers provided in this Agreement. Subject to the preceding
sentences of this paragraph and Article&nbsp;10 (Indemnification), this Agreement is not intended to
benefit any Person, or to be enforceable by any person, other than the Parties to this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.6 </B><U><B>Calculation of Time</B></U>. Wherever in this Agreement a period of time is stated in a
number of days, unless otherwise stated it shall be deemed to mean calendar days starting with the
first day after the event or delivery of notice and ending at the end of the last day of the
applicable time period. However, when any period of time so stated would end upon a Saturday,
Sunday or legal holiday, such period shall be deemed to end upon the next day following that is not
a Saturday, Sunday or legal holiday.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.7 </B><U><B>Further Assurances</B></U>. Each Party to this Agreement shall perform any further acts
and execute and deliver any further documents that may be requested by another Party and that are
reasonably necessary to carry out the provisions of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.8 </B><U><B>Provisions Subject to Applicable Law</B></U>. All provisions of this Agreement shall be
applicable only to the extent that they do not violate any applicable Law, and are intended to be
limited to the extent necessary so that they will not render this Agreement invalid, illegal or
unenforceable under any applicable Law. If any provision of this Agreement or any application
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">thereof shall be held to be invalid, illegal or unenforceable, the validity, legality and
enforceability of other provisions of this Agreement or of any other application of such provision
shall in no way be affected thereby.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.9 </B><U><B>Waiver of Rights</B></U>. No Party to this Agreement shall be deemed to have waived any
right or remedy that it has under this Agreement unless this Agreement expressly provides a period
of time within which such right or remedy must be exercised and such period has expired or unless
such Party has expressly waived the same in writing. The waiver by any Party of a right or remedy
hereunder shall not be deemed to be a waiver of any other right or remedy or of any subsequent
right or remedy of the same kind.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.10 </B><U><B>Headings</B></U>. The headings contained in this Agreement are for reference purposes
only and shall not affect in any manner the meaning or interpretation of this Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.11 </B><U><B>Counterparts</B></U>. This Agreement may be executed in two or more counterparts, and
by each party on a separate counterpart, each of which shall be deemed an original but all of which
taken together shall constitute but one and the same instrument. In the event that any signature
is delivered by facsimile transmission or as an attachment to electronic mail, such signature shall
create a valid and binding obligation of the party executing (or on whose behalf such signature is
executed) such counterpart, with the same force and effect as if such facsimile or electronic
signature were the original thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.12 </B><U><B>Preparation of this Agreement</B></U>. In the event of any dispute regarding this
Agreement, no presumption or burden of proof shall be imposed on any Party by reason of the
preparation of this Agreement by its counsel.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.13 </B><U><B>Governing Laws</B></U>. This Agreement shall be governed by, and construed and enforced
in accordance with, the internal laws of the State of California without giving effect to such
state&#146;s conflict-of-law principles.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.14 </B><U><B>Forum.</B></U> Any action brought under this Agreement shall be brought in the courts
of the State of California, located in the County of Los Angeles. Each Party hereto irrevocably
waives any objection on the grounds of venue, forum non conveniens or any similar grounds and
irrevocably consents to service of process by mail or in any manner permitted by applicable law and
consents to the jurisdiction of said courts.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.15 </B><U><B>Attorneys&#146; Fees and Other Expenses</B></U>. The unsuccessful Party to any court action
to interpret or enforce this Agreement shall pay to the prevailing party all costs and expenses,
including, without limitation, reasonable attorneys&#146; fees, incurred therein by the successful
Party, all of which shall be included in and as a part of the award rendered in such proceeding or
action. For purposes of this Section&nbsp;12.15, attorneys&#146; fees shall include, without limitation,
fees incurred in connection with post-judgment and post-award actions. A party shall be deemed to
be the prevailing party for purposes of this Section&nbsp;12.15 only if an award or judgment in the
court action determines that such party is the prevailing party and is entitled to reimbursement of
the costs and expenses described in this Section&nbsp;12.15.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->92<!-- /Folio -->
</DIV>

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<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="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.16 </B><U><B>Specific Performance</B></U><B>. </B>Each of the Parties acknowledges and agrees that the
other Party would be damaged irreparably in the event any of the provisions of this Agreement are
not performed in accordance with their specific terms or otherwise are breached. Accordingly, each
of the Parties agrees that, except as otherwise provided in Article&nbsp;10, the other Party shall be
entitled to an injunction or injunctions to prevent breaches of the provisions of this Agreement
and to enforce specifically this Agreement and the terms and provisions hereof in any action
instituted in any court of the United States or any state thereof having jurisdiction over the
Party and the matter, in addition to any other remedy to which they may be entitled, at law or in
equity.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.17 </B><U><B>Sellers&#146; Representative</B></U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;Each Seller by executing this Agreement hereby irrevocably constitutes and appoints Ken
Catchot as the Sellers&#146; Representative (the &#147;<U><B>Sellers&#146; Representative</B></U>&#148;), with full power and
authority to act in the name of and for and on behalf of such Seller with respect to all matters
arising in connection with, or related to, this Agreement and the transactions contemplated hereby.
Each Seller hereby appoints the Sellers&#146; Representative (a)&nbsp;the agent and true and lawful
attorney-in-fact of such Seller, with full power of substitution, and with full capacity and
authority in its sole discretion, to act in the name of and for and on behalf of such Seller in
connection with all matters arising out of, resulting from, contemplated by or related or incident
to this Agreement and the transactions contemplated hereby, and (b)&nbsp;the agent for service of
process for such Seller, and such Seller hereby irrevocably consents to the service of any and all
process in any action or proceeding arising out of or relating to this Agreement by the delivery of
such process to the Sellers&#146; Representative. Without limiting the generality of the foregoing, the
power of the Sellers&#146; Representative shall include the power to represent such Seller with respect
to all aspects of this Agreement and the transactions contemplated hereby, which power shall
include the power to (i)&nbsp;waive any and all conditions of this Agreement, (ii)&nbsp;amend, modify or
supplement this Agreement in any respect, (iii)&nbsp;defend, negotiate or settle any claims or actions
for indemnity pursuant to Article&nbsp;10, (iv)&nbsp;retain legal counsel or accountants and be reimbursed by
the Sellers for all fees, expenses and other charges of such legal counsel or accountants, (v)
receive notices or other communications, (vi)&nbsp;deliver any notices, certificates or other documents
required hereunder, (vii)&nbsp;take all such other action and to do all such other things as the
Sellers&#146; Representative deems necessary, appropriate, desirable or advisable with respect to this
Agreement and the transactions contemplated hereby and (ix)&nbsp;perform its obligations as set forth
in, and in accordance with, this Agreement. Each Seller agrees that Purchaser and its Affiliates
shall have the absolute right and authority to rely upon the acts taken or omitted to be taken by
the Sellers&#146; Representative on behalf of the Sellers and shall have no liability with respect
thereto, and none of Purchaser or any of its Affiliates shall have any duty to inquire as to the
acts and omissions of the Sellers&#146; Representative. Purchaser shall not have any liability with
respect to any aspect of the distribution or communication of such deliveries between the Sellers&#146;
Representative and any Seller; and any disclosure made to the Sellers&#146; Representative by or on
behalf of Purchaser shall be deemed to be a disclosure made to each Seller. Each Seller that makes
a claim against Purchaser alleging the lack of authority of the Sellers&#146; Representative shall
indemnify Purchaser and its Affiliates for any damages suffered, including reasonable attorneys&#146;
fees and other costs, as a result of Purchasers&#146; good faith reliance on the acts or omissions of
the Sellers&#146; Representative.
</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->93<!-- /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="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Sellers&#146; Representative shall promptly forward to each Seller all notices he receives
regarding or arising under this Agreement and shall keep each Seller fully informed on all matters
relating to the defense, negotiating, and settlement of any claim or action for indemnity pursuant
to Article&nbsp;10, including but not limited to the selection and retention of legal counsel or
accountants in connection with any such claim or action.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">&#091;signature page follows&#093;
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->94<!-- /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="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, Calavo, Newco, RFG and the Sellers have executed and delivered this
Agreement as of the date first above written.
</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="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">PURCHASER:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">CALAVO GROWERS, INC.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Lecil E. Cole
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Lecil E. Cole, Chief Executive Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">CG MERGERSUB, LLC</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Lecil E. Cole
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Lecil E. Cole, Chief Executive Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">RFG:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">RENAISSANCE FOOD GROUP, LLC</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ James Catchot
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
By: James Catchot
</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Its: President/CEO</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">SELLERS:</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">LIBERTY FOODS, LLC</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Kenneth Cachot
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
By: Kenneth Catchot
</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Its: Managing Member</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">/s/ Kenneth Catchot</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp; &nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Kenneth Catchot</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">/s/ James Catchot</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp; &nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">James Catchot</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">/s/ James Gibson</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp; &nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">James Gibson</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">CUT FRUIT, LLC</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Teresa J. Spada
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
By: Teresa J. Spada
</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Its: Member</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">/s/ Jose O. Castillo</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp; &nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Jose O. Castillo</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">/s/ Donald L. Johnson</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left" style="border-top: 1px solid #000000">&nbsp; &nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">Donald L. Johnson</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="left">RFG Nominee Trust</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:<BR>
By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Kenneth Catchot
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
Kenneth Catchot
</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">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Its:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Trustee</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->95<!-- /Folio -->
</DIV>




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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>v59632exv99w1.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: 18pt"><B>Exhibit 99.1</B></DIV>

<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">For:</TD>
    <TD>&nbsp;</TD>
    <TD>Calavo Growers, Inc. (Nasdaq-GS: CVGW)</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<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">Contact:</TD>
    <TD>&nbsp;</TD>
    <TD>Calavo Growers, Inc.<BR>
Lee E. Cole<BR>
Chairman, President and CEO<BR>
(805)&nbsp;525-1245</TD>
</TR>
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALAVO GROWERS, INC. ACQUIRES<BR>
RENAISSANCE FOOD GROUP, LLC, A FAST-GROWING LEADER<BR>
IN THE FRESH FOOD CATEGORY</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="FONT-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Highlights Include:</B>
</DIV>


<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Acquired Company&#146;s 2011 Revenues Expected to Exceed $100 Million</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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deal Positions Calavo as a Market Leader in Convenient, Fresh and Healthy Foods</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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Acquisition of Respected Garden Highway Brand Will Accelerate Growth of Calavo Foods&#146;
Retail Business</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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Combination Increases Calavo&#146;s Presence in Deli Section, Confirms Strength in Produce
Department</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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Multiple Synergies in Customer Relationships, Sourcing, Distribution and Ripening
Operations</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="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>Deal Expected to be Immediately Accretive to Earnings, Fits Calavo&#146;s Managed-Risk
Strategy for Profitable Growth</B></TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">SANTA PAULA, Calif. (May&nbsp;26, 2011) &#151; Calavo Growers, Inc. (Nasdaq&#151;GS: CVGW) today announced that
it has signed an agreement for the acquisition of Renaissance Food Group (RFG), LLC, a closely held
fresh-food company that produces, markets and distributes nationally a portfolio of healthy, high
quality lifestyle products for consumers via the retail channel. The transaction, which is
expected to close on June&nbsp;1, 2011, is for a combination of cash and stock, including earn-out
payments based on financial performance. Terms were not further disclosed.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The newly acquired company started in 2003 and experienced 54&nbsp;percent compound annual growth
in sales from inception to 2010. Current-year revenues are projected to exceed $100&nbsp;million.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Calavo Announces Acquisition of Renaissance Food Group/2-2-2
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Headquartered in Rancho Cordova, Calif., RFG operates six processing facilities nationally, of
which those in Sacramento, Calif. and Houston, Texas are company owned. It has 400 employees and
serves major retailers throughout the United States. RFG will operate as a wholly owned subsidiary
of the Calavo Foods business unit, whose current products include Calavo&#146;s all-natural guacamole,
the Salsa Lisa line of premium fresh salsas, guacamole hummus and premium tortilla chips.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lee E. Cole, Calavo&#146;s Chairman, President and Chief Executive Officer, commented: &#147;Our
acquisition of Renaissance Food Group and its outstanding Garden Highway brand represents a
transformational step forward for Calavo. RFG will be a key growth driver of our company&#146;s
expansion in the fresh refrigerated packaged goods category in both the retail produce and deli
departments.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;He added that Garden Highway&#146;s national processing and fast-to-the-market infrastructure
provides an &#147;ideal platform for accelerated growth in Calavo&#146;s current product lines, continued
product development in the Garden Highways line, as well as numerous further expansion
opportunities as Calavo continues to evolve in coming years.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cole emphasized that &#147;Calavo invested a considerable amount of time and energy over the years
identifying the right sizable transaction. I believe we found the perfect company that is ideally
positioned in a significant growth category, comes with a strong brand and allows us to effectively
leverage our blue-chip customer base by selling more products to them. Importantly, RFG&#146;s
management is extremely professional and talented. The transaction will be immediately accretive
to earnings, as Calavo&#146;s management continues to act in the best interest of its shareholders.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RFG was founded by Jim Catchot, Ken Catchot and Jim Gibson. Jim Catchot, RFG&#146;s President,
stated: &#147;We are truly excited to join forces with a
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Calavo Announces Acquisition of Renaissance Food Group/3-3-3
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">company of Calavo&#146;s quality and stature, and are convinced that their industry presence, financial
strength, outstanding customer list and overall produce expertise will be invaluable in furthering
the rapid expansion of our business.&#148;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Describing RFG, he said that the company is &#147;a leader and innovator in the fresh product
category with a focus on rapid, new product development and responsiveness to the needs of our
retail customers and consumers. We support our retailers with the just-in-time delivery of fresh,
high-quality, great-tasting products, which are produced regionally to their specifications.
Essentially, we have the ability to deliver anywhere in the United States. Customers order today
and receive their order the same or the next day.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RFG has an expanding array of retail product lines for produce, deli, meat and food service
departments. Produce lines include fresh-cut fruit, ready-to-eat vegetables and Chef Essentials<SUP style="FONT-size: 85%; vertical-align: text-top">&#174;</SUP>
recipe-ready vegetables such as Asparagus Saut&#233; and Savory Butternut Squash. Deli lines include
ready-to-eat &#147;grab-n-go&#148; salads, healthy fresh snacks, deli-style sandwiches, wraps and fresh party
trays.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cole added that RFG also will be able to draw upon its new parent company&#146;s fresh produce
sourcing capabilities, as well as Calavo&#146;s Value Added Depots across the country for ripening
needs, further enhancing synergies.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Catchot added: &#147;We have an intense focus on expanding and leading the category by
understanding the needs of the consumer. An important trend is the desire of consumers for healthy
nutritious eating options. They are seeking quality, variety and greater convenience in an
increasingly busy world.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CEO Cole summarized: &#147;We are confident that this transaction moves our company to a new level
of significance and prominence. We have developed a strong position in three of the best growth
categories in the entire food industry: avocados, premium fresh dips and fresh food. I am excited
to say that our importance to retailers will grow reflecting our ability to provide them with a
greater number and variety of products that the end-consumer is strongly demanding.&#148;
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Calavo Announces Acquisition of Renaissance Food Group/4-4-4
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>About Renaissance Food Group LLC</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Renaissance Food Group is a fresh food company that produces, markets and distributes nationally a
portfolio of healthy, high quality lifestyle products for consumers via retail and food service
channels. Widely recognized as a market leader for product quality and innovation, Renaissance Food
Group&#146;s fresh food products are regionally produced, made to order and delivered to customers
within hours.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About Calavo</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Calavo Growers, Inc. is the worldwide leader in the procurement and marketing of fresh avocados and
commodity produce, as well as the manufacturing and distribution of prepared avocado and other food
products, including refrigerated fresh salsa and guacamole hummus. Founded in 1924, Calavo&#146;s
expertise in the marketing and distribution of avocados, processed avocados, and other perishable
products enables it to serve food distributors, produce wholesalers, supermarket and restaurants on
a global basis.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Safe Harbor Statement</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">This news release contains statements relating to future events and results
of Calavo (including certain projections and business trends) that are &#147;forward-looking statements&#148;
as defined in the Private Securities Litigation Reform Act of
1995. Actual results and events may differ from those projected as a result of
certain risks and uncertainties. These risks and uncertainties include but are not
limited to: increased competition, conducting substantial amounts of business
internationally, pricing pressures on agricultural products, adverse weather
and growing conditions confronting avocado growers, new governmental
regulations, as well as other risks and uncertainties detailed from time to time in
the company&#146;s Securities and Exchange Commission filings, including, without
limitation, the company&#146;s Annual Report on Form 10-K for the year ended
</DIV>


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<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Calavo Announces Acquisition of Renaissance Food Group/5-5-5
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">October&nbsp;31, 2010. These forward-looking statements are made only as of the
date hereof, and the company undertakes no obligation to update or revise the
forward-looking statements, whether as a result of new information, future events or otherwise.
</DIV>


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