Exhibit 99.2
D.F. HADLEY & CO., INC.
2321 Rosecrans Avenue, Suite 3255 El Segundo, California 90245 (310) 643-7090
September 19, 2005
Spectrum Organic Products, Inc.
5341 Old Redwood Highway, Suite 400
Petaluma, California 94954
| Attention: | Mr. Bob Fowles | |
| Chief Financial Officer |
Ladies and Gentlemen:
Pursuant to section 1.6 of the engagement letter dated as of January 20, 2005 (the Agreement) between D.F. Hadley & Co., Inc. (DFH&Co) and Spectrum Organic Products, Inc. (Spectrum), DFH&Co may provide a Fairness Opinion (as defined in the Agreement) to the board of directors of Spectrum. Further pursuant to the same section of the Agreement, Spectrum will not reproduce, summarize or refer to such Fairness Opinion in any public document without the prior written consent of DFH&Co.
Please accept this letter as DFH&Cos written consent permitting Spectrum to include the text of DFH&Cos Fairness Opinion in Spectrums proxy statement and to refer to such Fairness Opinion therein; provided, however, that the Fairness Opinion will be reproduced in its entirety; and provided further, that if you seek to amend the proxy statements discussion of DFH&Cos Fairness Opinion from the most recent draft that we have received before any such proxy statement is filed or otherwise distributed to third parties, you must receive a written or email consent from either Christine Cardace, Pedro Garcia or myself.
I trust that this consent takes care of this for you, and please let me know if you have any questions. Sincerely,
/s/ David Hadley
David Hadley
President