On March 11, 2016, Royal Hawaiian Orchards, L.P., Royal Hawaiian Resources, Inc., Royal Hawaiian Services, LLC and Royal Hawaiian Macadamia Nut, Inc. executed the fourth amendment to amended and restated credit agreement and waiver with the Partnership's existing lender American AgCredit, PCA. As a result, the amended and restated credit agreement among the Partnership, the General Partner, RHS, and RHMN, as borrowers, and American AgCredit, PCA, for itself, as a lender, and as agent for all lenders, as amended, was amended as: the maturity date of the 2015 Bridge Loan was extended from March 15, 2016 to January 15, 2017; the interest rate on the 2015 Bridge Loan will increase as of September 1, 2016 from; LIBOR plus 2.75% or the Base Rate plus 0.75% to LIBOR plus 3.00% or the Base Rate plus 1.00%; and the minimum Consolidated EBITDA was reduced for the quarter ending March 31, 2016 from $3,500,000 to $1,000,000, for the quarter ending June 30, 2016 from $4,000,000 to $1,250,000, for the quarter ending September 30, 2016 from $5,000,000 to $2,000,000, and for the quarter ending December 31, 2016 from $5,000,000 to $4,000,000. In addition, a one-time waiver was granted in connection with an Event of Default (as defined in the American AgCredit, PCA Credit Agreement) relating to the Consolidated EBITDA covenant of the American AgCredit, PCA Credit Agreement for the four-quarter period ended December 31, 2015.