EXHIBIT 10.15 AMENDMENT AND LIMITED WAIVER TO SECURITY AGREEMENT This Amendment and Limited Waiver to Security Agreement (Accounts Receivable, Inventory and Equipment) (this "Amendment") dated as of February 13, 2002, is entered into by and between...Security Agreement • February 20th, 2002 • Galaxy Nutritional Foods Co • Dairy products • New York
February 13, 2002 Galaxy Nutritional Foods, Inc. 2441 Viscount Row Orlando, FL 32809 Attention: Mr. Angelo Morini, Chief Executive Officer Re: Galaxy Nutritional Foods, Inc. Dear Mr. Morini: Galaxy Nutritional Foods, Inc. (the "Company") has requested...Galaxy Nutritional Foods Co • February 20th, 2002 • Dairy products
Galaxy Nutritional Foods, Inc. (the "Company") has requested that FINOVA Mezzanine Capital, Inc. ("FMC") waive certain Events of Default which have occurred under that certain Loan Agreement dated September 30, 1999 between the Company and FMC, as amended from time to time (the "Loan Agreement"). Unless otherwise defined, all capitalized terms herein shall have the meaning given in the Loan Agreement.
