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Departure of Directors or Certain

On October 5, 2015, it was agreed that Duane Primozich would separate from Boulder Brands, Inc. (the "Company"), effective as of that date. As announced by the Company in its Current Report on Form 8-K filed on July 8, 2015, Mr. Primozich has most recently served the Company as the Managing Director of Boulder Brands Investment Group and previously served as the Company's Executive Vice-President/General Manager, Balance Brands.

In connection with his separation, on October 8, 2015, the Company and Mr. Primozich entered into a Separation and Release Agreement. The terms of the Separation and Release Agreement provide for a lump sum cash severance payment of approximately $707,000, representing 14 months of base salary, payment of Mr. Primozich's target bonus amount for the current calendar year and a partial payment of a retention award to which Mr. Primozich was a party. Mr. Primozich will also receive payment for accrued but unused vacation and payment of COBRA continuation coverage premiums for 14 months. These payments and benefits are generally consistent with the terms of the Severance Agreement between the Company and Mr. Primozich, dated as of January 13, 2014...


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