THE CHEFS’ WAREHOUSE, INC. 10-K


Exhibit 10.39


EXECUTION COPY


AMENDMENT NO. 9


Dated as of February 26, 2016


to


AMENDED AND RESTATED CREDIT AGREEMENT


THIS AMENDMENT
NO. 9 (this “Amendment”) is made as of February 26, 2016 by and among Dairyland USA Corporation, a New York
corporation (“Dairyland”), The Chefs’ Warehouse Mid-Atlantic, LLC, a Delaware limited liability company
(“CW Mid-Atlantic”), Bel Canto Foods, LLC, a New York limited liability company (“Bel Canto”),
The Chefs’ Warehouse West Coast, LLC, a Delaware limited liability company (“CW West Coast”), and The
Chefs’ Warehouse of Florida, LLC, a Delaware limited liability company (“CW Florida” and, together with
Dairyland, CW Mid-Atlantic, Bel Canto and CW West Coast, the “Borrowers”), the financial institutions listed
on the signature pages hereof and JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, the “Administrative
Agent”) and as Collateral Agent (in such capacity, the “Collateral Agent”), under that certain Amended
and Restated Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013, by and among the Borrowers,
the other Loan Parties party thereto, the Lenders, the Administrative Agent and the Collateral Agent (as amended, restated, supplemented
or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise
defined herein shall have the respective meanings given to them in the Credit Agreement.


WHEREAS, the Borrowers
have requested that the requisite Lenders, the Administrative Agent and the Issuing Bank agree to certain amendments to the Credit
Agreement, as more fully described herein; and


WHEREAS, the Borrowers,
the Lenders party hereto, the Administrative Agent and the Issuing Bank have so agreed on the terms and conditions set forth herein;


NOW, THEREFORE,
in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto, the Administrative Agent
and the Issuing Bank hereby agree to enter into this Amendment.


1.


Amendments
to the Credit Agreement. Upon the satisfaction of the conditions precedent set forth in Section 2 below, the parties
hereto agree that the Credit Agreement shall be amended as follows:


(a)


The definition
of “Fixed Charges” set forth in Section 1.01 of the Credit Agreement is hereby amended by deleting the
phrase “prepayments (other than Excess Cash Flow prepayments) and” set forth therein.


(b)


The definition
of “Prepayment Event” set forth in Section 1.01 of the Credit Agreement is hereby amended by adding
the following phrase after the end of clause (a) thereof: “(other than dispositions described in Section 6.05(i))”.


(c)


Section 6.02
of the Credit Agreement is hereby amended to add the following new clause (r) thereto (and to make any related punctuation
and grammatical changes as a result thereof):







    	 



    	 



    




(r)


Liens representing
any interest of a sublessee arising by virtue of being granted a sublease permitted by Section 6.05(i).


(d)


Section 6.05
of the Credit Agreement is hereby amended to add the following new clause (i) thereto (and to make any related punctuation
and grammatical changes as a result thereof):


(i)


subleases
entered into in the ordinary course of business, to the extent that they do not materially interfere with the business of Holdings
and its Subsidiaries taken as a whole.


2.


Conditions
of Effectiveness. The effectiveness of this Amendment is subject to the conditions precedent that:


(a)


the Administrative
Agent shall have received counterparts of this Amendment duly executed by the Borrowers, the Required Lenders, the Administrative
Agent and the Issuing Bank;


(b)


the Administrative
Agent shall have received counterparts of the Consent and Reaffirmation attached as Exhibit A hereto duly executed by the
Loan Guarantors;


(c)


the Administrative
Agent shall have received an executed and effective amendment to the Prudential Note Agreement, which amendment shall be substantially
in the form set forth on Exhibit B hereto; and


(d)


the Administrative
Agent shall have received payment and/or reimbursement of the Administrative Agent’s and its affiliates’ expenses
(including, to the extent invoiced in an invoice dated on or prior to the date hereof, reasonable documented out-of-pocket fees
and expenses of counsel for the Administrative Agent) in connection with this Amendment and the other Loan Documents.


3.


Representations
and Warranties of the Borrowers. Each Borrower hereby represents and warrants as follows:


(a)


This Amendment
and the Credit Agreement as amended hereby constitute legal, valid and binding obligations of such Borrower and are enforceable
against such Borrower in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium
or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered
in a proceeding in equity or at law.


(b)


As of the date
hereof, after giving effect to the terms of this Amendment, (i) no Default has occurred and is continuing and (ii) the representations
and warranties of the Loan Parties set forth in the Credit Agreement, as amended hereby, are true and correct in all material
respects (provided that any such representations or warranties qualified by materiality or Material Adverse Effect are true and
correct in all respects), it being understood and agreed that any representation or warranty which by its terms is made as of
a specified date shall be required to be true and correct only as of such specified date.


4.


Reference
to and Effect on the Credit Agreement.


(a)


Upon the effectiveness
hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document shall mean and be a reference
to the Credit Agreement as amended hereby.


 




    	 



    	 



    




(b)


Each Loan Document
and all other documents, instruments and agreements executed and/or delivered in connection therewith shall remain in full force
and effect and are hereby ratified and confirmed.


(c)


Except with respect
to the subject matter hereof, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any
right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision of the Credit Agreement,
the Loan Documents or any other documents, instruments and agreements executed and/or delivered in connection therewith.


(d)


This Amendment
is a “Loan Document” under (and as defined in) the Credit Agreement.


5.


Release of
Claims.


(a)


Each of the Loan
Parties, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely, unconditionally
and irrevocably releases, remises and forever discharges the Administrative Agent, the Collateral Agent and each of the Lenders,
their respective successors and assigns, and their respective present and former shareholders, affiliates, subsidiaries, divisions,
predecessors, directors, officers, attorneys, employees, agents and other representatives (the Administrative Agent, the Collateral
Agent, the Lenders and all such other Persons being hereinafter referred to collectively as the “Releasees”
and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, covenants, contracts,
controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims,
defenses, rights of setoff, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”)
of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which any of the Loan Parties
or any of their respective successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to
have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which
arises at any time on or prior to the day and date of this Amendment, in each case in connection with the Credit Agreement or
any of the other Loan Documents or transactions thereunder or related thereto.


(b)


Each of the Loan
Parties understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and
may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted
in breach of the provisions of such release.


6.


Governing
Law. This Amendment shall be construed in accordance with and governed by the law of the State of New York.


7.


Headings.
Section headings in this Amendment are included herein for convenience of reference only and shall not constitute a part of this
Amendment for any other purpose.


8.


Counterparts.
This Amendment may be executed by one or more of the parties hereto on any number of separate counterparts, and all of said counterparts
taken together shall be deemed to constitute one and the same instrument. Signatures delivered by facsimile or PDF shall have
the same force and effect as manual signatures delivered in person.


[Signature Pages Follow]


 




    	 



    	 



    




IN WITNESS WHEREOF, this
Amendment has been duly executed as of the day and year first above written.


 


 


	 	DAIRYLAND USA CORPORATION
	 	 	 
	 	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	THE CHEFS’ WAREHOUSE MID-ATLANTIC, LLC
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	BEL CANTO FOODS, LLC
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	THE CHEFS’ WAREHOUSE WEST COAST, LLC
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	THE CHEFS’ WAREHOUSE OF FLORIDA, LLC
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO


 


 


 


Signature Page to Amendment No. 9 to


Amended and Restated Credit Agreement dated
as of April 25, 2012, as amended and restated as of April 17, 2013


The Chefs’ Warehouse, Inc. et al


 




    	 



    	 



    

 


	 	JPMORGAN CHASE BANK, N.A.,
	 	individually as a Lender, as the Swingline Lender, as the Issuing Bank, as Administrative Agent and as Collateral Agent
	 	 	 
	 	 	 
	 	By:	/s/ Joseph A. Lisack
	 	 	Name: Joseph A. Lisack
	 	 	Title: Authorized Officer


 


 


 


Signature Page to Amendment No. 9 to


Amended and Restated Credit Agreement dated
as of April 25, 2012, as amended and restated as of April 17, 2013


The Chefs’ Warehouse, Inc. et al


 




    	 



    	 



    

 


	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 	 
	 	 	 
	 	By:	/s/ Thomas Pizzo
	 	 	Name:  Thomas Pizzo
	 	 	Title:  Senior Vice President


 


 


 


Signature Page to Amendment No. 9 to


Amended and Restated Credit Agreement dated
as of April 25, 2012, as amended and restated as of April 17, 2013


The Chefs’ Warehouse, Inc. et al


 




    	 



    	 



    

 


	 	BMO HARRIS FINANCING, INC.,
	 	as a Lender
	 	 	 
	 	 	 
	 	By:	/s/ Joan Spiotto Murphy
	 	 	Name:  Joan Spiotto Murphy
	 	 	Title: Director


 


 


 


Signature Page to Amendment No. 9 to


Amended and Restated Credit Agreement dated
as of April 25, 2012, as amended and restated as of April 17, 2013


The Chefs’ Warehouse, Inc. et al


 




    	 



    	 



    

 


	 	BRANCH BANKING AND TRUST COMPANY,
	 	as a Lender
	 	 	 
	 	 	 
	 	By:	/s/ Kenneth M. Blackwell
	 	 	Name:  Kenneth M. Blackwell
	 	 	Title:   Senior Vice President


 


 


 


Signature Page to Amendment No. 9 to


Amended and Restated Credit Agreement dated
as of April 25, 2012, as amended and restated as of April 17, 2013


The Chefs’ Warehouse, Inc. et al


 




    	 



    	 



    




EXHIBIT A


Consent and Reaffirmation


Each of the undersigned
hereby acknowledges receipt of a copy of the foregoing Amendment No. 9 to Amended and Restated Credit Agreement with respect to
that certain Amended and Restated Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013 (as
the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),
by and among Dairyland USA Corporation, a New York corporation (“Dairyland”), The Chefs’ Warehouse Mid-Atlantic,
LLC, a Delaware limited liability company (“CW Mid-Atlantic”), Bel Canto Foods, LLC, a New York limited liability
company (“Bel Canto”), The Chefs’ Warehouse West Coast, LLC, a Delaware limited liability company (“CW
West Coast”), and The Chefs’ Warehouse of Florida, LLC, a Delaware limited liability company (“CW Florida”
and, together with Dairyland, CW Mid-Atlantic, Bel Canto and CW West Coast, the “Borrowers”), the other Loan
Parties party thereto, the Lenders and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”),
which Amendment No. 9 to Amended and Restated Credit Agreement is dated as of February 26, 2016 and is by and among the Borrowers,
the financial institutions listed on the signature pages thereof and the Administrative Agent (the “Amendment”).
Capitalized terms used in this Consent and Reaffirmation and not defined herein shall have the meanings given to them in the Credit
Agreement.


Without in any
way establishing a course of dealing by the Administrative Agent, the Collateral Agent or any Lender, each of the undersigned
consents to the Amendment and reaffirms the terms and conditions of the Loan Guaranty and any other Loan Document executed by
it and acknowledges and agrees that the Loan Guaranty and each and every such Loan Document executed by the undersigned in connection
with the Credit Agreement remains in full force and effect and is hereby reaffirmed, ratified and confirmed. All references to
the Credit Agreement contained in the above-referenced documents shall be a reference to the Credit Agreement as so modified
by the Amendment and as the same may from time to time hereafter be amended, modified or restated.


Dated February 26, 2016


[Signature Pages Follow]


 




    	 



    	 



    




IN WITNESS WHEREOF, this Consent and
Reaffirmation has been duly executed as of the day and year above written.


 


	 	DAIRYLAND USA CORPORATION
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	THE CHEFS’ WAREHOUSE MID-ATLANTIC, LLC
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	BEL CANTO FOODS, LLC
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	THE CHEFS’ WAREHOUSE WEST COAST, LLC
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	THE CHEFS’ WAREHOUSE OF FLORIDA, LLC
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO


 


 


 


Signature Page to Consent and Reaffirmation
to Amendment No. 9 to


Amended and Restated Credit Agreement dated
as of April 25, 2012, as amended and restated as of April 17, 2013


The Chefs’ Warehouse, Inc. et al


 




    	 



    	 



    

 


	 	THE CHEFS’ WAREHOUSE, INC. 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	CHEFS’ WAREHOUSE PARENT, LLC 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	MICHAEL’S FINER MEATS, LLC 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	MICHAEL’S FINER MEATS HOLDINGS, LLC 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	THE CHEFS’ WAREHOUSE MIDWEST, LLC 
	 	 
	 	 
	 	By:	/s/  John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title: CFO
	 	 
	 	 
	 	THE CHEFS’ WAREHOUSE PASTRY DIVISION, INC. 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO


 


 


 


Signature Page to Consent and Reaffirmation
to Amendment No. 9 to


Amended and Restated Credit Agreement dated
as of April 25, 2012, as amended and restated as of April 17, 2013


The Chefs’ Warehouse, Inc. et al


 




    	 



    	 



    

 


	 	QZ ACQUISITION (USA), INC. 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	QZINA SPECIALTY FOODS NORTH AMERICA (USA), INC. 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	QZINA SPECIALTY FOODS, INC., a Florida corporation 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	QZINA SPECIALTY FOODS, INC., a Washington corporation 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	QZINA SPECIALTY FOODS (AMBASSADOR), INC. 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	CW LV REAL ESTATE LLC 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO


 


 


 


Signature Page to Consent and Reaffirmation
to Amendment No. 9 to


Amended and Restated Credit Agreement dated
as of April 25, 2012, as amended and restated as of April 17, 2013


The Chefs’ Warehouse, Inc. et al


 




    	 



    	 



    

 


	 	ALLEN BROTHERS 1893, LLC 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	THE GREAT STEAKHOUSE STEAKS, LLC 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	DEL MONTE CAPITOL MEAT COMPANY HOLDINGS, LLC
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO
	 	 
	 	 
	 	DEL MONTE CAPITOL MEAT COMPANY, LLC 
	 	 
	 	 
	 	By:	/s/ John D. Austin
	 	 	Name:  John D. Austin
	 	 	Title:  CFO


 


 


 


Signature Page to Consent and Reaffirmation
to Amendment No. 9 to


Amended and Restated Credit Agreement dated
as of April 25, 2012, as amended and restated as of April 17, 2013


The Chefs’ Warehouse, Inc. et al







    	 



    	 



    

 


EXHIBIT B


Form of Amendment to Prudential
Note Agreement


[Attached]