Document:

Consent Agreement

  
 Exhibit 10.12 
  
 CONSENT AGREEMENT 
  
 This CONSENT
AGREEMENT (this “Agreement”) by and among (a) Jack in the Box Inc. (f/k/a Foodmaker, Inc.), a Delaware corporation (“JIB”), (b) CRC-I Limited Partnership, a Massachusetts limited partnership (“CRC-I LP”), CRC-II
Limited Partnership, a Massachusetts limited partnership (“CRC-II LP” and together with CRC-I LP, the “CRC Partnerships”), New CRC-I Holdings Limited Partnership, a Delaware limited partnership and the owner of 100% of the
limited partner interests of CRC-I LP (“CRC-I Holdings”), New CRC-II Holdings Limited Partnership, a Delaware limited partnership and the owner of 100% of the limited partner interests of CRC-II LP (“CRC-II Holdings” and,
together with CRC-I Holdings, the “Limited Partners”), CRC-I Corp., a Massachusetts corporation and the sole general partner of CRC-I LP (“CRC-I”), and CRC-II Corp., a Massachusetts corporation and the sole general partner
of CRC-II LP (“CRC-II” and together with CRC-I, the “General Partners”; the General Partners, the Limited Partners and the CRC Partnerships collectively the “CRC Parties”), and (c) only with respect to Section 3(b) and
Section 7 hereof, R. Gordon Mathews, an individual (“Mathews”), and Howard E. Phillips, an individual (“Phillips”), is dated as of August 29, 2002. 
  
 W I T N E S S E T H  
  
 WHEREAS, in 1993 and 1994, JIB and
certain other parties entered into a $70 million sale-leaseback financing facility pursuant to a series of transactions, including a public note financing (such transactions, collectively, the “CRC Transactions”); 
  
 WHEREAS, pursuant to the CRC Transactions, JIB and CRC-I LP entered into that certain Master Lease dated as of December 15, 1993 (as
amended and supplemented from time to time, the “CRC-I Master Lease”) and JIB and CRC-II LP entered into that certain Master Lease dated as of December 15, 1993 (as amended and supplemented from time to time, the “CRC-II Master
Lease” and, together with the CRC-I Master Lease, the “Master Leases”) pursuant to which JIB leased designated restaurant properties from CRC-I and CRC-II, as applicable (such properties, collectively, the “Units”);

  
 WHEREAS, in 1997, JIB’s wholly-owned affiliate FM 1997 Limited Partnership (“FM 1997”)
purchased the estates for years interests in 31 of the 38 Units leased from CRC-II to JIB (such 31 CRC Properties, the “FM 1997 Properties”, and such transaction, the “FM 1997 Transaction”); 
  
 WHEREAS, the Master Leases contain provisions whereby JIB may make an offer (the “Year Nine Offer”) during the ninth year of the
Master Leases to purchase from each of CRC-I and CRC-II, as applicable, the estates for years interests that the CRC Partnerships hold in the Units; 
  
 WHEREAS, the CRC Partnerships are under no obligation under the Master Leases to accept the Year Nine Offer; 
  
 WHEREAS, the parties hereto are parties to that certain Second Amended and Restated Agreement Regarding Corporate Governance dated as of October 23, 1997 (the 

  
 “Corporate Governance Agreement”) which, among other things, provides to the Limited
Partners certain rights with respect to the acceptance or rejection by the CRC Partnerships of the Year Nine Offer; 
  
 WHEREAS, JIB desires to make the Year Nine Offer on the terms described below and desires to ensure the acceptance by the CRC Partnerships of the Year Nine Offer; and, in exchange for the consideration provided for herein, (i) each
CRC Partnership desires to accept the Year Nine Offer on the terms described below and (ii) each CRC Party (other than the CRC Partnerships) desires to cause the CRC Partnerships to accept the Year Nine Offer on the terms described below;

  
 WHEREAS, Mathews and Phillips, as the owners of the Limited Partners, will derive significant benefits from the
transactions contemplated hereby; 
  
 NOW THEREFORE, in consideration of the premises and the agreements, provisions
and covenants set forth below, the parties hereto agree as follows: 
  
 1. Definitions. Capitalized terms used
herein but not otherwise defined herein shall have the meanings ascribed to them in the Indenture dated as of December 15, 1993 between FM 1993A Corp., a Delaware corporation (“FM 1993A”) and State Street Bank and Trust Company, as
Indenture Trustee (the “Indenture Trustee”) (as amended, the “Indenture”), or if not defined in the Indenture, as defined in the Master Leases. 
  
 2. Offer and Consent Date Transactions. 
  
 (a) Offer. On the date hereof (the “Offer and Consent Date”), JIB shall make a Year Nine Offer in accordance with Section 30(a) of each of the Master Leases to purchase from the CRC Partnerships and FM 1997
the Lessor’s Estate in all of the Units then subject to the Master Leases for an aggregate purchase price of $47,000,000. The terms and conditions of the Year Nine Offer with respect to the Units leased to JIB under the CRC-I Master Lease (the
“CRC-I Units”) are more fully set forth in the form of Year Nine Offer attached hereto as Exhibit A-1. The terms and conditions of the Year Nine Offer with respect to the Units leased to JIB under the CRC-II Master
Lease are more fully set forth in the form of Year Nine Offer attached hereto as Exhibit A-2. 
  
 (b)
Acceptances. The CRC Partnerships hereby acknowledge that the Year Nine Offers described above comply in all respects with the requirements for a valid Year Nine Offer set forth in Section 30(a) of each of the Master Leases, including,
without limitation, that the sum of $47,000,000 is no less than the aggregate required Year Nine Minimum Purchase Price. In consideration of the payments to be made by JIB as set forth in Section 4, (i) CRC-I LP shall, and CRC-I Holdings and CRC-I
shall cause CRC-I LP to, deliver to JIB on the Offer and Consent Date an acceptance of the Year Nine Offer with respect to the CRC-I Units substantially in the form attached hereto as Exhibit B-1, (ii) CRC-II LP shall, and CRC-II Holdings and
CRC-II shall cause CRC-II LP to, deliver to JIB on the Offer and Consent Date an acceptance of the Year Nine Offer with respect to the CRC-II Units that are not FM 1997 Properties substantially in the form attached hereto as Exhibit B-2, and
(iii) CRC II LP shall, and CRC-II Holdings and CRC-II shall 

  
 cause CRC-II LP to, deliver to JIB on the Offer and Consent Date an acknowledgement and consent with
respect to the acceptance of the Year Nine Offer by FM 1997 with respect to the CRC-II Units that are FM 1997 Properties substantially in the form attached hereto as Exhibit B-3. FM 1997 will deliver to JIB on the Offer and Consent Date an
acceptance of the Year Nine Offer with respect to the CRC-II Units that are FM 1997 Properties substantially in the form attached hereto as Exhibit B-3. The CRC Partnerships, the Limited Partners and the General Partners jointly and severally
waive any right to challenge the form, validity or sufficiency of the Year Nine Offers or their compliance with the requirements of Section 30(a) of each of the Master Leases. The acceptances of the Year Nine Offers described in this Section 2(b)
are collectively defined herein as the “Acceptances,” with each, individually, an “Acceptance.” 
  
 (c) On the Offer and Consent Date, JIB shall make the payments set forth in Section 4(a)(i) to the applicable parties set forth therein. 
  
 3. Closing Date Transactions. 
  
 (a) On the First Business
Day of January 2003 (the “Closing Date”), JIB shall make the payments under the Year Nine Offer directly to the Indenture Trustee for the benefit of the Noteholders as described in Exhibit C hereto. The CRC Parties hereby
consent to the cash flow set forth on Exhibit C. As contemplated by Section 28(b) of the Master Leases, on the Closing Date, each of the CRC Partnerships and FM 1997 shall transfer all of their respective interests in all of the Units to JIB. The
parties intend that, upon the Closing Date, upon and by virtue of the direct payments by JIB to the Indenture Trustee contemplated by Exhibit C and the application thereof in accordance with the Indenture, the Master Leases, the CRC Notes and the
Notes, (i) the CRC Notes shall be paid in full (and each CRC Partnership hereby consents and agrees to such payment in full), (ii) the Notes shall be paid in full, (iii) the Indenture, the Master Leases, and all other documents relating to the CRC
Transactions shall be terminated and (iv) all liens imposed on the Units pursuant to the CRC Transactions shall be discharged (all such actions set forth in this Section 3(a), collectively, the “Closing”). 
  
 (b) On the Closing Date, each party hereto (including Mathews and Phillips), together with certain other parties to the CRC Transactions,
shall enter into a mutual release agreement, in form and substance attached hereto as Exhibit D (the “Release”), releasing each other party from its obligations and liabilities under and with respect to the CRC Transactions.

  
 (c) On the Closing Date, subject to the conditions set forth in Section 9, JIB shall make the payments set forth
in Section 4(a)(ii) to the applicable parties set forth therein. 
  
 4. Consideration Payable to CRC Partnerships,
Limited Partners and General Partners. 
  
 (a) In consideration of the agreement of the CRC Partnerships, the
Limited Partners and the General Partners to accept the Year Nine Offers, JIB agrees to pay the following amounts to the CRC Partnerships and the Limited Partners: 

  
 (i) Offer and Consent Date Payments: On the Offer and Consent
Date JIB shall pay: 
  
 (A) an aggregate amount equal to $10,000 to the CRC Partnerships, and

  
 (B) an aggregate amount equal to $90,000 to the Limited Partners (the amounts described in this
clause (i), the “Offer and Consent Date Payments”). 
  
 (ii) Closing Date Payments: On the
Closing Date, subject to the conditions set forth in Section 9, JIB shall pay: 
  
 (A) an aggregate
amount equal to $15,000 to the CRC Partnerships, and 
  
 (B) an aggregate amount equal to $1,185,000
to the Limited Partners (the amounts described in this clause (ii), the “Closing Date Payments”). 
  
 (b)
Payments pursuant to Section 4(a) to the CRC Partnerships shall be divided equally between CRC-I LP and CRC-II LP and shall be made in the manner and to the account designated in writing by each CRC Partnership to JIB no later than three Business
Days prior to the Offer and Consent Date or the Closing Date, as applicable. Payments pursuant to Section 4(a) to the Limited Partners shall be allocated between CRC-I Holdings and CRC-II Holdings in such proportion as agreed upon by the Limited
Partners and shall be made in the manner and to the account designated in writing by each Limited Partner to JIB no later than three Business Days prior to the Offer and Consent Date or the Closing Date, as applicable. Each of the CRC Partnerships
shall distribute its portion of the payments contemplated by Section 4(a) to its partners pursuant to the provisions of its partnership agreement immediately upon receipt. JIB agrees that (i) the designation referenced in the first sentence of this
Section 4(b) may be made by R. Gordon Mathews, in his capacity as Assistant Treasurer of each of the General Partners on behalf of the CRC Partnerships and (ii) the distribution of payments referenced in the immediately preceding sentence of this
Section 4(b) may be made as directed by R. Gordon Mathews, in his capacity as Assistant Treasurer of each of the General Partners on behalf of the CRC Partnerships, so long as such distribution is in accordance with the provisions of the applicable
partnership agreement. 
  
 5. Dissolution. Prior to the Closing Date, each of the CRC Partnerships and each of
the General Partners shall secure the necessary authorization for their dissolution. Promptly following the receipt of their respective portions of the Closing Date Payments, each of the CRC Partnerships and the General Partners shall file
certificates of dissolution, certificates of cancellation or comparable documents with the Secretary of State of Massachusetts. The parties hereto shall cooperate to ensure that prior to the Closing Date, FM 1993A shall have secured the necessary
authorization for its dissolution and shall file with the Secretary of State for Delaware a certificate of dissolution to effect its dissolution as of the Closing Date. 

  
 6. Representations and Warranties of CRC Partnerships, Limited Partners and
General Partners. Each of the CRC Parties jointly and severally represent and warrant as follows: 
  
 (a)
Existence; Compliance with Law. Each of the CRC Parties (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b)has the power and authority, and the legal right, to enter into
the transactions contemplated by this Agreement, (c) is duly qualified as a foreign entity and in good standing under the laws of each jurisdiction where its performance of its obligations under this Agreement requires such qualification except to
the extent that the failure be so qualified could not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the performance of its obligations under this agreement. 
  
 (b) Power; Authorization; No Consents or Conflicts; Enforceable Obligations. Each of the CRC Parties has the power and authority,
and the legal right, to make, deliver and perform this Agreement and the other documents related hereto (including without limitation each Acceptance) (collectively, the “Transaction Documents”) to which it is a party. Each of the CRC
Parties has taken all necessary corporate or partnership action to authorize the execution, delivery and performance of each Transaction Document to which it is a party. The execution and delivery by each CRC Party of each Transaction Document to
which it is a party and the performance by each CRC Party of its obligations under the Transaction Documents in accordance with their respective terms will not violate any provision of law, any order of any court or other agency of government, the
partnership agreement or other constituent documents of such CRC Party, or any provision of any agreement or other instrument to which such CRC Party is bound, or conflict with, result in a breach of or constitute (with due notice or lapse of time
or both) a default under any such agreement or other instrument, or require the consent of any Person which such consent has not been obtained by the applicable CRC Party prior to the date hereof. This Agreement and each Acceptance has been duly
executed and delivered on behalf of each of the CRC Parties and is in full force and effect. Each other Transaction Document to which any of the CRC Parties is a party is, or will be when required to be delivered pursuant hereto, duly executed and
delivered on behalf of each of the CRC Parties and is, or will be when required to be delivered pursuant hereto, in full force and effect. This Agreement and each Acceptance constitutes, and each other Transaction Document to which any of the CRC
Parties is a party when executed and delivered will constitute, a legal, valid and binding obligation of such CRC Party, enforceable against such party in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent
conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and
fair dealing. 
  
 (c) Equity Interests. CRC-I Holdings owns 100% of the existing limited partner interests in
CRC-I LP. CRC-II Holdings owns 100% of the existing limited partner interests in CRC-II LP. CRC-I is the sole general partner of CRC-I LP. CRC-II is the sole general partner of CRC-II LP. 

  
 (d) No Unauthorized Indebtedness. None of Mr. R. Gordon Mathews, Mr.
Howard E. Phillips, the Limited Partners or the General Partners has taken any action that would result in either of the CRC Partnerships’ incurring any indebtedness or any liability not permitted by such CRC Partnership’s organizational
documents. 
  
 7. Representations and Warranties of Mathews and Phillips. Each of Mathews and Phillips,
severally and not jointly, represent and warrant as follows: (a) This Agreement and each other Transaction Document to which Mathews and Phillips is a party is, or will be when required to be delivered pursuant hereto, duly executed and delivered on
behalf of each of Mathews and Phillips and is, or will be when required to be delivered pursuant hereto, in full force and effect. This Agreement constitutes, and each other Transaction Document to which Mathews and Phillips is a party when executed
and delivered will constitute, a legal, valid and binding obligation of each of Mathews and Phillips, enforceable against such party in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair
dealing. 
  
 (b) None of Mr. R. Gordon Mathews, Mr. Howard E. Phillips, or the Limited Partners has taken any action
that would result in either of the CRC Partnerships’ incurring any indebtedness or any liability not permitted by such CRC Partnership’s organizational documents. 
  
 8. Representations and Warranties of JIB. JIB hereby represents and warrants as of the Offer and Consent Date as follows: 
  
 (a) Corporate Existence; Compliance with Law. JIB (a) is duly organized, validly existing and in good standing under the laws of
the state of Delaware, (b) has the corporate power and authority, and the legal right, to enter into the transactions contemplated by this Agreement, (c) is duly qualified as a foreign corporation and in good standing under the laws of each
jurisdiction where its performance of its obligations under this Agreement requires such qualification except to the extent that the failure be so qualified could not, individually or in the aggregate, reasonably be expected to have a material
adverse effect on the performance of its obligations under this Agreement. 
  
 (b) Corporate Power; Authorization;
No Consents or Conflicts; Enforceable Obligations. JIB has the corporate power and authority, and the legal right, to make, deliver and perform this Agreement the other Transaction Documents and has taken all necessary corporate action to
authorize the execution, delivery and performance of this Agreement and such other Transaction Documents to which it is a party. The execution and delivery by JIB of each Transaction Document to which it is a party and the performance by JIB of its
obligations under the Transaction Documents in accordance with their respective terms will not violate any provision of law, any order of any court or other agency of government, the constituent documents of JIB, or any provision of any agreement or
other instrument to which JIB is bound, or conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any such 

  
 agreement or other instrument, or require the consent of any Person which such consent has not been
obtained by JIB prior to the date hereof. This Agreement has been, and each other Transaction Document to which JIB is a party will be, duly executed and delivered on behalf of JIB. This Agreement constitutes, and each other Transaction Document to
which JIB is a party when executed and delivered will constitute, a legal, valid and binding obligation of JIB, enforceable against JIB in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair
dealing. 
  
 (c) No Unauthorized Indebtedness. JIB has not taken any action that would result in either of the
CRC Partnerships’ incurring any indebtedness or any liability not permitted by such CRC Partnership’s organizational documents. 
  
 9. Conditions Precedent to Closing Date Payments. The obligation of JIB to make the Closing Date Payments shall be subject to the satisfaction (or waiver by JIB) on or before the Closing Date of each of the following
conditions: 
  
 (a) Compliance with Representations and Warranties; Covenants. Each of the representations and
warranties contained in Sections 6 and 7 hereof shall be true and correct as of the Closing Date; and each CRC Party shall have complied with its obligations hereunder that are required to be performed on or before the Closing Date. 

 
 Notwithstanding the foregoing, the execution of the Release by the parties thereto shall not be a condition to the obligation
of JIB to make the Closing Date Payments; provided, however, that the parties hereto retain their legal and equitable rights with respect to an action for damages against any party hereto that fails to fulfill its obligation to execute the Release
on the Closing Date. 
  
 10. Miscellaneous. 
  
 (a) Further Assurances. Each party shall perform any further acts and execute and deliver any documents which reasonably may be necessary to carry out the intent of
this Agreement. Without limiting the foregoing, the parties hereto agree to cooperate in taking all actions reasonably necessary for the termination of the CRC Transactions and the documentation thereof, including, without limitation, obtaining the
consent of any third party necessary to effectuate such termination. 
  
 (b) Attorneys’ Fees. Each party
hereto shall bear its own legal, accounting and other fees and expenses incurred in the drafting and negotiation of, and its performance under, this Agreement and each of the Exhibits hereto. In the event of any action at law, suit in equity or
arbitration proceeding in relation to this Agreement or any of the Exhibits hereto, the prevailing party shall be paid by the other party a reasonable sum for attorney’s fees and expenses of such prevailing party. 

  
 (c) Governing Law; Venue; Waiver of Jury Trial. This
Agreement in all respects shall be interpreted, enforced and governed by and under the laws of the State of California. Venue for any action, whether arbitration, judicial or otherwise, shall be in San Diego County, California. The parties hereby
waive any right to have trial by jury in any action, suit or proceeding brought to enforce or defend any rights or remedies arising under or in connection with this Agreement, whether grounded in tort, contract or otherwise 
  
 (d) Injunctive Relief. The parties hereto acknowledge and agree that irreparable damage would occur in the event any of the
provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions to prevent breaches of the provisions of
this Agreement and shall be entitled to enforce specifically the provisions of this Agreement in any court of the United States or any state thereof having jurisdiction, in addition to any other remedy to which the parties may be entitled under this
Agreement or at law or in equity. 
  
 (e) Assignment. Neither this Agreement nor any of the rights or
obligations hereunder may be assigned by any party without the prior written consent of the other parties hereto, and any such purported assignment shall be void. 
  
 (f) Integration. This Agreement memorializes and constitutes the final, complete and exclusive agreement and understanding between the parties, and supersedes and
replaces all prior negotiations, proposed agreements and agreements, whether written or oral. Each party to this Agreement acknowledges that no other party or agent or attorney for any other party has made any promise, representation or warranty
whatsoever, express or implied, which is not expressly contained in this Agreement and each party further acknowledges that it has not executed this Agreement in reliance upon any collateral promise, representation or warranty, or in reliance on any
belief as to any fact not expressly recited in the Recitals above. 
  
 (g) Headings. Paragraph headings have
been inserted into this Agreement as a matter of convenience only and are not a part of this Agreement and shall not be used in the interpretation of this Agreement. 
  
 (h) Severance. If a provision of this Agreement is held to be illegal or invalid by a court of competent jurisdiction, said provision shall be deemed to be severed
and deleted and neither such provision, nor its severance and deletions shall affect the validity of the remaining provisions. 
  
 (i) Counterparts. This Agreement may be executed in one or more counterparts all of which together shall constitute one original document. 

  
 IN WITNESS WHEREOF, the undersigned has executed this Agreement as of this 29 day of August 2002.

  
 
	 JACK IN THE BOX INC.
 
	 
	 By:
 	 	 MICHAEL J. SNIDER      
 

 
 
	 Name:
 	 	 Michael J. Snider
 
	 Title:
 	 	 Assistant Secretary
 

 
 
	 
	 CRC-I LIMITED PARTNERSHIP
 
	 
	 By: CRC-I Corp.
 Its: General Partner
 
	 By:
 	 	 HAROLD L. SACHS
 

 
 
	 Name:
 	 	 Harold L. Sachs
 
	 Title:
 	 	 President
 

 
 
	 
	 CRC-II LIMITED PARTNERSHIP
 
	 
	 By: CRC-II Corp.
 Its: General Partner
 
	 By:
 	 	 HAROLD L. SACHS
 

 
 
	 Name:
 	 	 Harold L. Sachs
 
	 Title:
 	 	 President
 

 
 
	 
	 NEW CRC-I HOLDINGS LIMITED
 
	 
	 PARTNERSHIP
 By: New CRC-I Holdings Corp.
 Its: General Partner
 
	 By:
 	 	 R. GORDON MATHEWS
 

	 Name:
 	 	 R. Gordon Mathews
 
	 Title:
 	 	 General Partner
 
	 
	 NEW CRC-II HOLDINGS LIMITED
 
	 
	 PARTNERSHIP
 By: New CRC-II Holdings Corp.
 Its: General Partner
 
	 By:
 	 	 R. GORDON MATHEWS
 

	 Name:
 	 	 R. Gordon Mathews
 
	 Title:
 	 	 General Partner
 

 
  
  
 [Consent Agreement Signature Page] 

  
 
	 CRC-I CORP.
 
	 By: Harold L. Sachs
 
	 Name: Harold L. Sachs
 
	 Title: President
 
	 CRC-II CORP.
 
	 By: Harold L. Sachs
 
	 Name: Harold L. Sachs
 
	 Title: President
 
	 HOWARD E. PHILLIPS
 
	 

	 R. GORDON MATHEWS
 
	 

 
  
 [Consent Agreement Signature Page] 

  
 Exhibit A-1 
  
 YEAR NINE OFFER 
 CRC-I Limited Partnership 

 
 To:    CRC-I Limited Partnership 
  
 Reference is hereby made to that certain Master Lease dated as of December 15, 1993 (the “Master Lease”) by and between Jack In The Box Inc. (f/k/a Foodmaker, Inc.), a Delaware corporation
(“Lessee”), and CRC-I Limited Partnership, a Massachusetts limited partnership (“Lessor”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Master Lease.

  
 Pursuant to Section 30(a) of the Master Lease, Lessee desires to make a Year Nine Offer for Lessor’s Estate in all of the Units
subject to the Master Lease (the “Year Nine Units”). 
  
 Lessee determines the aggregate value of Lessor’s and
Lessee’s interests in the Year Nine Units solely for purposes of Section 30 of the Master Lease to be $20,258,982.06 (the “Year Nine Offer Value”). 
  
 Lessee hereby irrevocably offers to purchase Lessor’s Estate in the Year Nine Units from the Lessor for an aggregate purchase price of $20,258,982.06 (“Lessee’s Initial Year Nine
Price”), to be paid to the Indenture Trustee on the first Business Day of January, 2003. Lessee’s Initial Year Nine Price is allocated to each Year Nine Unit based on the ratio of the Termination Value of such Unit to the total of all
Termination Values for the Year Nine Units. 
  
 IN WITNESS WHEREOF, Lessee has caused this Year Nine Offer to be duly executed and delivered
to Lessor on this 27 day of August, 2002. 
  
 
	 JACK IN THE BOX INC.
 
	 
	 By:
 	 	 MICHAEL J. SNIDER
 

	  	 	 Name: Michael J. Snider
 Title: Assistant Secretary
 

 

 

  
 Exhibit A-2 
  
 YEAR NINE OFFER 
 CRC-II Limited Partnership 
 FM 1997 Limited Partnership 
  
 To:    CRC-II Limited Partnership 
           FM 1997 Limited Partnership 

 
 Reference is hereby made to that certain Master Lease dated as of December 15, 1993 (the “Master Lease”) by and between Jack In The
Box Inc. (f/k/a Foodmaker, Inc.), a Delaware corporation (“Lessee”), and CRC-II Limited Partnership, a Massachusetts limited partnership (“CRC-II”). Capitalized terms used but not otherwise defined herein shall have
the meanings ascribed thereto in the Master Lease. 
  
 Pursuant to Section 30(a) of the Master Lease, Lessee desires to make a Year Nine
Offer for Lessor’s Estate in all of the Units subject to the Master Lease (the “Year Nine Units”), which represent all of the Units subject to the Master Lease. 
  
 Lessee determines the aggregate value of Lessor’s and Lessee’s interests in the Year Nine Units solely for purposes of Section 30 of the Master Lease to be $26,741,017.94 (the “Year
Nine Offer Value”). 
  
 Lessee hereby irrevocably offers to purchase Lessor’s Estate (including without limitation any
interest therein of CRC-II and FM 1997) in the Year Nine Units from the Lessor for an aggregate purchase price of $26,741,017.94 (“Lessee’s Initial Year Nine Price”), to be paid to the Indenture Trustee on the first Business
Day of January, 2003. Lessee’s Initial Year Nine Price is allocated to each Year Nine Unit based on the ratio of the Termination Value of such Unit to the total of all Termination Values for the Year Nine Units. 
  
 IN WITNESS WHEREOF, Lessee has caused this Year Nine Offer to be duly executed and delivered to Lessor on this 27 day of August, 2002. 
  
 
	 JACK IN THE BOX INC.
 
	 
	 By:
 	 	 MICHAEL J. SNIDER
 

	  	 	 Name: Michael J. Snider
 Title: Assistant Secretary
 

 

 

  
 Exhibit B-1 
  
 ACCEPTANCE 
 of 
 YEAR NINE OFFER 
  
 CRC-I Limited Partnership 
  
 Reference is hereby made to that certain Master Lease dated as of December 15, 1993 (the “Master Lease”) by and between Jack In The Box Inc.
(f/k/a Foodmaker, Inc.), a Delaware corporation (“Lessee”), and CRC-I Limited Partnership, a Massachusetts limited partnership (“Lessor”). Capitalized terms used but not otherwise defined herein shall have the
meanings ascribed thereto in the Master Lease. 
  
 Lessor acknowledges receipt from Lessee of a Year Nine Offer dated August 27, 2002 made
pursuant to Section 30(a) of the Master Lease to purchase Lessor’s Estate in all of the Units subject to the Master Lease (the “Year Nine Units”), for an aggregate purchase price of $20,258,982.06 (“Lessee’s
Initial Year Nine Price”) to be paid to the Indenture Trustee on the first Business Day of January, 2003. Lessor acknowledges that Lessee’s Initial Year Nine Price is allocated to each Year Nine Unit based on the ratio of the
Termination Value of such Unit to the total of all Termination Values for the Year Nine Units. 
  
 Lessor hereby accepts such Year Nine
Offer and agrees to sell to Lessee Lessor’s Estate in the Year Nine Units on the first Business Day of January, 2003 for the purchase price set forth above and on the terms and conditions set forth in the Master Lease. 
  
 IN WITNESS WHEREOF, Lessor has caused this Acceptance of Year Nine Offer to be duly executed and delivered to Lessee on this 27th day of August, 2002.

  
 
	 CRC-I LIMITED PARTNERSHIP
 
	 By: CRC-I Corp., its sole general partner
 
	 
	 By:
 	 	 HAROLD L. SACHS
 

	  	 	 Name: Harold L. Sachs
 Title: President
 

 

 

  
 Exhibit B-2 
  
 ACCEPTANCE 
 of 
 YEAR NINE OFFER 
  
 CRC-II Limited Partnership 
  
 Reference is hereby made to that certain Master Lease dated as of December 15, 1993 (the “Master Lease”) by and between Jack In The Box Inc.
(f/k/a Foodmaker, Inc.), a Delaware corporation (“Lessee”), and CRC-II Limited Partnership, a Massachusetts limited partnership (“CRC-II”). Capitalized terms used but not otherwise defined herein shall have the
meanings ascribed thereto in the Master Lease, or, if not defined therein, in the Consent Agreement among JIB, Lessor and certain other parties dated as of August 27, 2002. 
  
 Lessor acknowledges receipt from Lessee of a Year Nine Offer dated August 27, 2002 made pursuant to Section 30(a) of the Master Lease to purchase Lessor’s Estate in all of the Units subject to the
Master Lease (the “Year Nine Units”), for an aggregate purchase price of $26,741,017.94 (“Lessee’s Initial Year Nine Price”) to be paid to the Indenture Trustee on the first Business Day of January, 2003.
CRC-II acknowledges that Lessee’s Initial Year Nine Price is allocated to each Year Nine Unit based on the ratio of the Termination Value of such Unit to the total of all Termination Values for the Year Nine Units. 
  
 CRC-II hereby accepts such Year Nine Offer with respect to the Units that are not FM 1997 Properties and agrees to sell to Lessee Lessor’s Estate in such
Year Nine Units to JIB on the first Business Day of January, 2003 for the portion of Lessee’s Initial Year Nine Price allocated to such Units as set forth above and on the terms and conditions set forth in the Master Lease. 

 
 IN WITNESS WHEREOF, CRC-II has caused this Acceptance of Year Nine Offer to be duly executed and delivered to Lessee on this 27th day of August, 2002.

  
 
	 CRC-II LIMITED PARTNERSHIP
 
	 By: CRC-II Corp., its sole general partner
 
	 
	 By:
 	 	 HAROLD L. SACHS
 
	  	 	 

	  	 	 Name: Harold L. Sachs
 Title: President
 

 

 

  
 Exhibit B-3 
  
 ACCEPTANCE 
 of 
 YEAR NINE OFFER 
  
 FM 1997 Limited Partnership 
 CRC-II Limited Partnership 
  
 Reference is hereby made to that
certain Master Lease dated as of December 15, 1993 (the “Master Lease”) by and between Jack In The Box Inc. (f/k/a Foodmaker, Inc.), a Delaware corporation (“Lessee”), and CRC-II Limited Partnership, a Massachusetts
limited partnership (“CRC-II”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Master Lease, or, if not defined therein, in the Consent Agreement among JIB, CRC-II and certain
other parties dated as of August 27, 2002. 
  
 Each of CRC-II and FM 1997 Limited Partnership, a Delaware limited partnership (“FM
1997”) acknowledges receipt from Lessee of a Year Nine Offer dated August 27, 2002 made pursuant to Section 30(a) of the Master Lease to purchase Lessor’s Estate in all of the Units subject to the Master Lease (the “Year Nine
Units”), for an aggregate purchase price of $26,741,017.94 (“Lessee’s Initial Year Nine Price”) to be paid to the Indenture Trustee on the first Business Day of January, 2003. Each of FM 1997 and CRC-II acknowledges
that Lessee’s Initial Year Nine Price is allocated to each Year Nine Unit based on the ratio of the Termination Value of such Unit to the total of all Termination Values for the Year Nine Units. 
  
 FM 1997 hereby accepts such Year Nine Offer with respect to the Units that are FM 1997 Properties and agrees to sell to Lessee Lessor’s Estate in such Year
Nine Units to JIB on the first Business Day of January, 2003 for the portion of Lessee’s Initial Year Nine Price allocated to such Units as set forth above and on the terms and conditions set forth in the Master Lease. 
  
 Pursuant to that certain Estates for Years Agreement between CRC-II and FM 1997 dated as of October 23, 1997, (i) FM 1997 is deemed the Lessor under the Master
Lease and (ii) FM 1997 has the right, in its sole discretion, to accept or reject the Year Nine Offer. CRC-II hereby acknowledges and consents to FM 1997’s acceptance of such Year Nine Offer and disclaims any interest in the FM 1997 Properties.

  
 IN WITNESS WHEREOF, each of FM 1997 and CRC-II has caused this Acceptance of Year Nine Offer to be duly executed and delivered to Lessee
on this 27th day of August, 2002. 
  
 
	 FM 1997 LIMITED PARTNERSHIP
 
	 By: FM 1997 Corp., its sole general partner
 
	 
	 By:
 	 	 HAROLD L. SACHS
 

	  	 	 Name: Harold L. Sachs
 Title: Secretary and Treasurer
 

 
  
 
	 CRC-II LIMITED PARTNERSHIP
 
	 By: CRC-I Corp., its sole general partner
 
	 
	 By:
 	 	 HAROLD L. SACHS
 

	  	 	 Name: Harold L. Sachs
 Title: President
 

 

 

  
 Exhibit C 
  
 CRC TERMINATION TRANSACTIONS 
 PRELIMINARY CASH FLOW SUMMARY 

 
 
	  	  	  	  
	 Payments from Jack in the Box
 	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	 a
 	 )
 	  	 December 31, 2002 (Tuesday)
 	  	  	  
	  	  	  	  	  	 Basic Rent (Including $25,000 Admin Acct Pymt)
 	  	  
 	 3,437,500
 
	  	  	  	  	  	 Special Rent (Semi-Annual Sinking Fund Payment)
 	  	  
 	 747,402
 
	  	  	  	  	  	 Special Rent (2002 Payment)
 	  	  
 	 5,500,000
 
	  	  	  	  	  	 Special Rent (Sinking Fund “Top Up”)*
 	  	  
 	 905,000
 
	  	  	  	  	  	  	  	 
	 

	  	  	  	  	  	 Total
 	  	 $
 	 10,589,902
 
	  	  	  	  	  	  	  	  	  
	  	  	 b
 	 )
 	  	 January 2, 2002 (Paid 1/2/03 due to holiday)
 	  	  	  
	  	  	  	  	  	 Payments from JIB to Indenture Trustee:
 	  	  	  
	  	  	  	  	  	 Purchase Price for all Estates for Years
 	  	  
 	 47,000,000
 
	  	  	  	  	  	  	  	 
	 

	  	  	  	  	  	 Total Payments from JIB to Indenture Trustee
 	  	 $
 	 57,589,902
 
	  	  	  	  	  	  	  	  	  
	 Indenture Trustee Payment Detail
 	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	 a
 	 )
 	  	 Sources
 	  	  	  
	  	  	  	  	  	 Estimated Sinking Fund Balance (Pre-12/31/02 Contrib)
 	  	  
 	 15,847,598
 
	  	  	  	  	  	 Funds Received from JIB on 12/31/02 and 1/2/03
 	  	  
 	 57,589,902
 
	  	  	  	  	  	  	  	 
	 

	  	  	  	  	  	 Total Amount Available to Indenture Trustee 1/2/03
 	  	 $
 	 73,437,500
 
	  	  	  	  	  	  	  	 
	 

	  	  	  	  	  	  	  	  	  
	  	  	 b
 	 )
 	  	 Uses—Indenture Trustee pays Noteholders
 	  	  	  
	  	  	  	  	  	 Principal paid Noteholders
 	  	  
 	 70,000,000
 
	  	  	  	  	  	 Accrued and Unpaid Interest paid Noteholders
 	  	  
 	 3,412,500
 
	  	  	  	  	  	  	  	  	  
	  	  	 c
 	 )
 	  	 Uses—Administrative Account
 	  	  	  
	  	  	  	  	  	 Indenture Trustee pays into Administrative Account
 	  	  
 	 25,000
 
	  	  	  	  	  	  	  	 
	 

	  	  	  	  	  	 Total Uses
 	  	 $
 	 73,437,500
 
	  	  	  	  	  	  	  	 
	 

	  	  	  	  	  	  	  	  	  
	  	  	 d
 	 )
 	  	 Disposition of Administrative Account balance
 	  	  	  
	  	  	  	  	  	 Administrative Account balance paid to JIB**
 	  	 $
 	 381,680
 
	  	  	  	  	  	  	  	  	  
	 Additional Payments from Jack in the Box
 	  	  	  
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	 (a) Offer and Consent Date
 	  	  	  
	  	  	  	  	  	 JIB pays partial Consent Payment to CRC-I, CRC-II
 	  	  	  
	  	  	  	  	  	 and Limited Partners
 	  	 $
 	 100,000
 
	  	  	  	  	  	  	  	  	  
	  	  	  	  	  	 (b) 1/2/03 Payment
 	  	  	  
	  	  	  	  	  	 JIB pays partial Consent Payment to CRC-I, CRC-II and Limited Partners
 	  	 $
 	 1,200,000
 
	  	  	  	  	  	  	  	 
	 

	  	  	  	  	  	  	  	  	  
	 Total JIB Payment
 	  	 $
 	 58,889,902
 
	  	  	  	  	  	  	  	 
	 

 
  
 *Assumes Ideal Sinking Fund Balance (inclusive of Year Nine Special Rent) of $22,999,996
and estimated actual sinking fund balance as of 12/31/02 (after payment of Special Rent due on 12/31/02 and Year Nine Special Rent) of $22,095,000. 
  
 **Estimate of balance in Administrative Account as of 12/31/02. 

 

  
 Exhibit D 
  
 MUTUAL RELEASE AND TERMINATION OF OBLIGATIONS 
  
 THIS MUTUAL RELEASE AND TERMINATION OF OBLIGATIONS (“Release”) is made as of this          day of January 2003 by and among Jack In The Box Inc. (f/k/a
“Foodmaker, Inc.”), a Delaware corporation (“JIB”), CRC-I Limited Partnership, a Massachusetts limited partnership (“CRC-I LP”), CRC-II Limited Partnership, a Massachusetts limited partnership
(“CRC-II LP” and, together with CRC-I LP, the “CRC Partnerships”), CRC-I Corp., a Massachusetts corporation and sole general partner of CRC-I LP (“CRC-I”), CRC-II Corp., a Massachusetts limited
partnership and sole general partner of CRC-II LP (“CRC-II” and, together with CRC-I, the “General Partners”), New CRC-I Holdings Limited Partnership, a Delaware limited partnership and owner of 100% of the limited
partnership interests of CRC-I LP, (“CRC-I Holdings”), New CRC-II Holdings Limited Partnership, a Delaware limited partnership and owner of 100% of the limited partnership interests of CRC-II LP (“CRC-II Holdings”
and, together with CRC-I Holdings, the “Limited Partners”), FM 1993A Corp., a Delaware corporation (“FM 1993A”), R. Gordon Mathews, an individual (“Mathews”), Howard E. Phillips, an individual
(“Phillips”), New CRC-I Holdings Corp., (“CRC-I Holdings Corp.”), and New CRC-II Holdings Corp. (“CRC-II Holdings Corp.”) (the CRC Partnerships, the General Partners, the Limited Partners, FM 1993A,
CRC-I Holdings Corp., CRC-II Holdings Corp., Mathews, and Phillips, each, individually, a “CRC Party”, and, collectively, the “CRC Parties”). JIB and the CRC Parties are each referred to individually as a
“Releasing Party,” and collectively, the “Releasing Parties.” 
  
 W I T N E S S E
T H 
  
 WHEREAS, in 1993 and 1994, JIB, the CRC Partnerships, FM1993A and certain other parties entered into a $70 million
sale-leaseback financing facility pursuant to a series of transactions, including a public note financing (such transactions, collectively, the “Original CRC Transactions”); 
  

WHEREAS, in connection with the Original CRC Transactions, FM 1993A and State Street Bank and Trust Company, as Indenture Trustee (the “Indenture Trustee”), entered into
that certain Indenture dated as of December 15, 1993 (as amended, the “Indenture”) pursuant to which FM 1993A issued public notes in the principal amount of $70 million (the “Notes”); the CRC Partnerships issued
notes in favor of FM 1993A in the aggregate principal amount of $70 million (the “CRC Notes”); JIB sold estates for years in certain real properties owned by it to the CRC Partnerships; to secure their obligations under the CRC
Notes, the CRC Partnerships executed certain Deeds of Trust in favor of FM 1993A with respect to their interest in each of such real properties (the “CRC Deeds of Trust”); in connection with the Original CRC Transactions, JIB
executed certain Deeds of Trust in favor of FM1993A with respect to JIB’s residual interest in each of such real properties (the “JIB Deeds of Trust” and together with the CRC Deeds of Trust, the “Deeds of
Trust”); JIB and CRC-I LP entered into that certain Master Lease dated as of December 15, 1993 (as amended and supplemented from time to time, the “CRC-I Master Lease”) and JIB and CRC-II LP entered into that certain Master
Lease dated as of December 15, 1993 (as amended and supplemented from time to time, the “CRC-II Master Lease” and, together with the CRC-I Master Lease, the “Master Leases”) pursuant to which JIB leased designated
properties from CRC-I and CRC-II, as applicable (the Indenture, the Notes, the CRC Notes, the Deeds of Trust, the Master Leases and all such other documents relating to the Original CRC Transactions, collectively, the “CRC Transaction
Documents”); 

 

  
 WHEREAS, in 1997, JIB’s wholly-owned affiliate FM 1997 Limited Partnership (“FM
1997”) purchased the estates for years interests in 31 of the 38 properties leased from CRC-II LP to JIB (such transaction, the “1997 Transaction,” and collectively with the Original CRC Transactions, the “CRC
Transactions”); 
  
 WHEREAS, JIB, the CRC Partnerships, the General Partners, the Limited Partners, Mathews and Phillips entered
into that certain Consent Agreement dated as of August         , 2002 (the “Consent Agreement”) pursuant to which, among other things, the parties thereto agreed to deliver this Release
as of the Closing Date (as such term in defined in the Consent Agreement); 
  
 NOW THEREFORE, in consideration of the premises and the
agreements, provisions and covenants set forth below, the parties hereto agree as follows effective upon payment by JIB of the Closing Date Payments (as defined in the Consent Agreement) pursuant to Sections 3 and 4 of the Consent Agreement:

  
 1.     Definitions. Capitalized terms used herein but not otherwise defined herein
shall have the meanings ascribed to them in the Indenture, or if not defined in the Indenture, as defined in the Master Leases. 
  
 2.     Release. 
  
 (a)    For good and
valuable consideration, the receipt and adequacy of which is hereby acknowledged, JIB hereby knowingly and voluntarily, on behalf of JIB and each of JIB’s respective past and present successors, assigns, representatives, officers, directors,
affiliates (including FM 1997), and agents, in any and all capacities (each individually, a “JIB Party,” and collectively, the “JIB Parties”), forever relieves, releases, and discharges each CRC Party of and from
any and all rights, claims, demands, obligations, liabilities, indebtedness, breaches of contract, breaches of duty or any cause of action, promise, damage, cost, loss and expense of every type, kind, nature, description or character, and
irrespective of how, why, or by reason of what facts, whether heretofore or now existing, or that could, might, or may be claimed to exist, of whatever kind or name, whether known or unknown, suspected or unsuspected, liquidated or unliquidated,
claimed or unclaimed, whether based on contract, tort, breach of any duty, or other legal or equitable theory of recovery, each as though fully set forth herein at length (collectively a “Claim” or the “Claims”)
which any of the JIB Parties now has, has ever had or may hereafter have against any CRC Party on account of or arising out of any and all matters, causes or events occurring prior to and including the date hereof and relating to the CRC
Transactions, excluding any such Claims arising pursuant to the Consent Agreement or this Release. 
  
 (b)    For good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, each CRC Party hereby knowingly and voluntarily, on behalf of such CRC Party and each of such CRC Party’s
respective past and present successors, assigns, representatives, officers, directors, partners, shareholders, affiliates, and agents, in any and all capacities (each, a “CRC Entity,” and, collectively, the “CRC
Entities”), forever relieves, releases, and discharges each JIB Party of and from any and all Claims which such CRC Party or any of such CRC Entities now has, has ever had or may hereafter have against any JIB Party on account of or arising
out of any and all matters, causes or events occurring prior to and including the date hereof and relating to the CRC Transactions, excluding any such Claims arising pursuant to the Consent Agreement or this Release. 
  
 3.    Termination. Each of the parties hereto agrees that, to the extent that any of the CRC Transaction
Documents to which it is a party shall not terminate automatically with the consummation of the Year Nine Offer, the delivery of the various documents in connection therewith and the repayment in full of the Notes and CRC Notes, and to the extent
that no such CRC Transaction Document shall have any unsatisfied conditions to its termination, this Release shall constitute a 

 

  
 termination thereof and such CRC Transaction Document shall hereby be terminated and of no further force
and effect. 
  
 4.    Covenant Not to Sue. 
  
 (a)    JIB hereby knowingly, voluntarily and irrevocably covenants that it shall refrain from asserting any Claim, or
commencing or instituting, any claim, litigation, action or proceeding of any kind against any CRC Party based upon any matter released pursuant to Section 2(a) hereof. 
  
 (b)    Each CRC Party hereby knowingly, voluntarily and irrevocably covenants that it shall refrain from asserting any Claim, or commencing or
instituting, any claim, litigation, action or proceeding of any kind against any JIB Party based upon any matter released pursuant to Section 2(b) hereof. 
  
 5.    Representations.  Each of the Releasing Parties represents and warrants that it is the owner of and has not assigned, sold, transferred, or otherwise disposed
of any of the Claims released in paragraph 2 above, nor has such Releasing Party, with the exception of the sale by CRC-II LP to FM 1997 of certain estates for years interests with respect to certain of the Units in 1997 and as set forth on Schedule
1 hereto, previously transferred, sold or hypothecated any right, including without limitation any right to receive payments, it has arising from the CRC Transactions. Each of CRC-I Holdings and CRC-II Holdings have succeeded to all Claims of their
respective predecessors in interest as limited partners in each of CRC-I LP and CRC-II LP, respectively. Each of the Releasing Parties further represents and warrants that it has full legal capacity to enter into this Release. 

 
 6.    General Release.  As further consideration for this Release, each Releasing Party
hereby agrees, represents, and warrants that the matters released herein are not limited to matters that are known or disclosed to such Releasing Party, and each Releasing Party hereby waives any and all rights and benefits that it now has, or in
the future may have, conferred upon it by virtue of the provisions of Section 1542 of the Civil Code of the State of California (or any other statute or common law principles of similar effect), which Section provides as follows: 

 
 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF
EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 
  
 In this connection, each
Releasing Party hereby agrees, represents, and warrants that it realizes and acknowledges that factual matters now unknown to it may have given or may hereafter give rise to causes of action, claims, demands, debts, controversies, damages, costs,
losses, and expenses that are presently unknown, unanticipated, and unsuspected, and such Releasing Party further agrees, represents, and warrants that this Release has been negotiated and agreed upon in light of that realization and that, except as
expressly limited above, it nevertheless hereby intends to release, discharge, and acquit the parties released by it hereby from any such unknown causes of action, claims, demands, debts, controversies, damages, costs, losses, and expenses that are
in any way related to the CRC Transaction. 
  
 7.    Miscellaneous.  This
Release is governed by and shall be construed under the laws of the State of California. If any portion of this Release is adjudicated to be invalid or unenforceable, the validity of the remaining provisions shall be valid and enforceable. This
Release may be executed in one or more counterparts all of which together shall constitute one original document. 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Release to be duly executed as of the date first set forth above. 

 

  
 
	 JACK IN THE BOX INC.
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
  
 
	 CRC-I LIMITED PARTNERSHIP
                    
 
	             By: CRC-I Corp.  
             Its: General Partner
  
 
	             By:
 	 	  
 

	  	 	 Name:
 Title:
 

 

  
 
	 CRC-II LIMITED PARTNERSHIP
                    
 
	             By: CRC-II Corp.  
             Its: General Partner
  
 
	             By:
 	 	  
 

	  	 	 Name:
 Title:
 

 
  
 
	 NEW CRC-I HOLDINGS LIMITED PARTNERSHIP
 
	  	 	 By: New CRC-I Holdings Corp.
 Its: General Partner
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
 
	 NEW CRC-II HOLDINGS LIMITED PARTNERSHIP
 
	  	 	 By: New CRC-II Holdings Corp.
 Its: General Partner
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
 
	 NEW CRC-I HOLDINGS CORP.
  
 	 	  	 	  
	 
	 By:
 	 	 
	 	  	 	  	 	  
	  	 	  	 	  	 	  	 	 Name:
 Title:
 

 
  
 
	 NEW CRC-II HOLDINGS CORP.
  
 	 	  	 	  
	 
	 By:
 	 	 
	 	  	 	  	 	  
	  	 	  	 	  	 	  	 	 Name:
 Title:
 

 
  
 
	 CRC-I CORP.
 

 

  
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
 CRC-II CORP. 
  
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
 FM 1993A CORP 
 
	 
	 By:
 	 	 

	  	 	 Name:
 Title:
 

 
  
 FM 1997 LIMITED PARTNERSHIP 
 
	 By: FM 1997 Corp.  
     Its: General Partner     
 

 
 
	 
	                             By:
 	 	 

	  	 	 Name:
 Title:
 

 
 
	 
	 

	 R. Gordon Mathews
 

 
  
 
	 
	 

	 Howard E. PhillipsWarrant Agreement

  
 EXHIBIT 4.1 
  
 WARRANT AGREEMENT 
  
 THIS WARRANT
AGREEMENT (this “Agreement”) dated as of the 27th day of November, 2002, by and
between Roxio Inc., a Delaware Corporation (the “Company”), and NAPSTER, INC., a Delaware corporation (the “Warrantholder”). 
  
 R E C I T A L S 
  
 WHEREAS, the
Warrantholder is a debtor in a proceeding under Chapter 11 of the Bankruptcy Code pending in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”); 
  

WHEREAS, the Company and Warrantholder are parties to that certain Asset Purchase Agreement, dated as of the date hereof (the “Purchase
Agreement”), pursuant to which the Company is purchasing certain assets of the Warrantholder; and 
  
 WHEREAS, in order to induce the Warrantholder to enter into the Purchase Agreement, the Company has granted to the Warrantholder, effective as of the date hereof (the “Grant Date”), a warrant to purchase
100,000 shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”), subject to and upon the terms and conditions set forth herein; 
  
 NOW, THEREFORE, in consideration of the mutual promises and covenants made herein and the mutual benefits to be derived herefrom and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the parties agree as follows: 
  

	1.
	 
	Grant of Warrant.    This Agreement evidences the Company’s grant to the Warrantholder of the right and option to
purchase, subject to and on the terms and conditions set forth herein, 100,000 shares of the Company’s Common Stock (the “Shares”), at $3.124 per share (the “Warrant”), exercisable from time to time as provided
in Section 2 hereof prior to the close of business on the day before the third anniversary of the Grant Date (the “Expiration Date”), unless earlier terminated pursuant to Section 5(c) hereof. 
 

 

	2.
	 
	Exercisability of Warrant.    The Warrant is exercisable, in whole or in part, at any time from the Grant Date until the
Expiration Date, unless earlier terminated pursuant to Section 5 hereof. If, at any time of exercise, the Warrantholder does not purchase all of the Shares to which the Warrantholder is entitled under this Agreement, the Warrantholder has the right
cumulatively thereafter to purchase any such Shares not so purchased and such right shall continue until the Expiration Date (unless earlier terminated pursuant to Section 5(c) hereof). The Warrant shall only be exercisable in respect of whole
Shares, and fractional Share interests shall be disregarded. 
 

  

	3.
	 
	Method of Exercise of Warrant. 
 

  

	 	(a)
	 
	The Warrant shall be exercisable by the delivery to the Secretary of the Company by the Warrantholder of a written notice accompanied by (i) delivery of an
executed Exercise Agreement in the form attached hereto as Exhibit A, (ii) payment of the full purchase price of the Shares to be purchased upon such exercise, and (iii) payment in full of any tax withholding obligation under federal, state or local
law. Payment shall be made in the form of a 
 

 certified or cashier’s check payable to the order of the Company. Certificates for Shares so purchased, together
with any other securities or property to which the Warrantholder is entitled upon such exercise, shall be delivered to the Warrantholder by the Company at the Company’s expense promptly after the Warrant has been so exercised. Each such
certificate shall be in such denominations of Common Stock as may be requested by the Warrantholder and shall be registered in the name of the Warrantholder. 
  

	 	(b)
	 
	In lieu of exercising the Warrant for cash, the Warrantholder may elect to receive shares equal to the value (as determined below) of the Warrant (or the
portion thereof being canceled) by surrender of the Warrant at the principal office of the Company, together with an executed Exercise Agreement in the form attached hereto as Exhibit A, in which event the Company shall issue to the
Warrantholder a number of Shares computed using the following formula: 
 

  
 X = Y(A-B) 

      A 
  
 Where: 
  
 X = the number of shares to be issued to the Warrantholder. 

 
 Y = the number of Shares purchasable under the Warrant or, if only a portion of the Warrant is being exercised, the portion of
the Warrant being exercised (at the date of such calculation). 
  
 A = the Fair Market Value (as
defined below) of one share of Common Stock. 
  
 B = the Exercise Price (as adjusted to the date of
such calculation). 
  
 “Fair Market Value” shall be (i) if the Common Stock of the Company is publicly
traded on a national securities exchange or The Nasdaq Stock Market, the average of the closing prices of the Common Stock on such exchange or market over the five (5) trading days ending immediately prior to the date on which the Company receives
the applicable Exercise Agreement, (ii) if the Common Stock is actively traded over-the-counter, the average of the closing bid prices over the five (5) day period ending immediately prior to the date on which the Company receives the applicable
Exercise Agreement and (iii) if there is no active public market, the value determined in good faith by the Board of Directors of the Company. 
  

	4.
	 
	Warrant Not Transferable. 
 

  

	 	(a)
	 
	The Warrant may be exercised only by, and shares issuable pursuant to the Warrant shall be issued only to, the Warrantholder except with respect to clause (b)
below. 
 

  

	 	(b)
	 
	No right or benefit under the Warrant shall be transferrable by the Warrantholder or shall be subject in any manner to anticipation, alienation, sale, transfer,
assignment, pledge, encumbrance or charge and any such attempted action shall be void; however, it is contemplated by this Agreement that the Warrantholder may transfer the Warrant (in whole, but not in part) and 
 

 
 2 

	 	  
	 
	the rights and obligations thereunder to a single successor to the Warrantholder under a plan confirmed by order of the Bankruptcy Court, provided that the
single successor is an “accredited investor” as defined in Regulation D promulgated under the Securities Act (as defined below) and such transfer is exempt from registration under, and complies with, all applicable federal and state
securities laws, or, after consultation with the Company’s counsel, the Company concludes that such transfer is otherwise exempt from registration under, and complies with, all applicable federal and state securities laws and such transfer
would otherwise be exempt under, and comply with, all applicable federal and state securities laws (including but not limited to Section 25102(f) of the California Corporate Securities Law) if such transferee were the original purchaser hereunder.

 

  

	5.
	 
	Adjustment and Termination upon Certain Events.    The Exercise Price and the number of Shares purchasable upon exercise of
the Warrant shall be subject to adjustment from time to time upon the occurrence of certain events described in this Section 5. Upon each adjustment of the Exercise Price, the Warrantholder shall thereafter be entitled to purchase, at the Exercise
Price resulting from such adjustment, the number of Shares obtained by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Shares purchasable pursuant hereto immediately prior to such adjustment, and
dividing the product thereof by the Exercise Price resulting from the adjustment. 
 

  

	 	(a)
	 
	If the Company shall at any time prior to the expiration of the Warrant subdivide its Common Stock, by stock split or otherwise, or combine its Common Stock, or
issue additional shares of its Common Stock as a dividend with respect to any shares of its Common Stock, the number of Shares issuable on the exercise of the Warrant shall be forthwith proportionately increased in the case of a subdivision or stock
dividend, or proportionately decreased in the case of a combination. Appropriate adjustments shall also be made to the Exercise Price as provided herein, but the aggregate purchase price payable for the total number of Shares purchasable under the
Warrant (as adjusted) shall remain the same. Any adjustment under this Section 5(a) shall become effective at the close of business on the date of the subdivision or combination becomes effective or as of the record date of such dividend, or in the
event that no record date is fixed, upon making of such dividend. 
 

  

	 	(b)
	 
	In case of (i) any reclassification, capital reorganization, or change or conversion in the Common Stock of the Company (other than as a result of a
subdivision, combination, or stock dividend provided for in Section 5(a) above) or (ii) any dividend or distribution of Common Stock (other than as a result of a subdivision, combination or stock dividend provided for in Section 5(a) above), or
other securities which are at any time directly or indirectly convertible into or exchangeable for any other securities of the Company or another issuer, cash, evidence of indebtedness of the Company or another issuer or any rights or options to
subscribe for, purchase or otherwise acquire any of the foregoing by way of dividend or other distribution, then, as a condition of such reclassification, reorganization, or change, lawful provision shall be made, and duly executed documents
evidencing the same from the Company or its successor shall be delivered to the Warrantholder, so that the 
 

 
 3 

  

	 	  
	 
	Warrantholder shall have the right at any time prior to the expiration of the Warrant to purchase, at a total price equal to that payable upon the exercise of
the Warrant, the kind and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization or change by a holder of the same number of shares of Common Stock as were purchasable by the
Warrantholder immediately prior to such reclassification, reorganization or change. In any such case appropriate provisions shall be made with respect to the rights and interest of the Warrantholder so that the provisions hereof shall thereafter be
applicable with respect to any Shares or other securities and property deliverable upon exercise hereof, and appropriate adjustments shall be made to the Exercise Price as provided herein; provided further the aggregate purchase price shall remain
the same. 
 

  

	 	(c)
	 
	Notwithstanding anything else contained herein to the contrary, the Warrant to the extent not previously exercised shall terminate upon (i) the liquidation or
dissolution of the Company, (ii) the closing of a sale of all or substantially all of the Company’s assets, or (iii) the closing of the acquisition of the Company by another entity by means of a merger, consolidation or other transaction or
series of related transactions, resulting in the exchange of the outstanding shares of the Company’s capital stock such that stockholders of the Company prior to such transaction own, directly or indirectly, less than 50% of the voting power of
the surviving entity. 
 

  

	 	(d)
	 
	Promptly after any adjustment to the number or class of Shares subject to the Warrant and the Exercise Price, the Company shall give written notice thereof to
the Warrantholder, setting forth in reasonable detail and certifying the calculation of such adjustment. In case of any of the events described in Section 5(c) above, the Company shall give reasonable prior written notice thereof to the
Warrantholder, which shall be at least 20 days prior to each such event, setting forth in reasonable detail a description of any such event including, among other things, the date on which the event is scheduled to occur; provided, however, if a
record date is set by the Company with respect to any such event, the Company will provide the Warrantholder reasonable prior written notice of such record date, which shall be at least 20 days prior to such record date. Any and all notices shall be
delivered in accordance with Section 8 below. 
 

  

	6.
	 
	Compliance; Application of Securities Laws.    This Agreement and the offer, issuance and delivery of the Warrant and the
Shares are subject to compliance with all applicable federal and state laws, rules and regulations (including but not limited to state and federal securities laws and federal margin requirements) and to such approvals by any listing, regulatory or
governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. 
 

  

	7.
	 
	Investment Representations.    By execution of this Agreement, the Warrantholder makes the representations set forth below to
the Company and acknowledges that the Company’s reliance on federal and state securities law exemptions from registration and qualification is predicated, in part, on such representations: 
 

  

	 	(a)
	 
	No Intent to Sell.  The Warrantholder represents that it is acquiring the Warrant and the Shares solely for its own account, for investment
purposes 
 

 
 4 

 only, and not with a view to or an intent to sell, or to offer for resale in connection with any unregistered
distribution of all or any portion of the Warrant or the Shares within the meaning of the Securities Act of 1933, as amended (the “Securities Act”) or applicable state securities laws, except as contemplated under Section 4(b) of
this Agreement. 
  

	 	(b)
	 
	Accredited Investor.    The Warrantholder represents that it is an “accredited investor” as defined in Regulation D
promulgated under the Securities Act. 
 

  

	 	(c)
	 
	No Reliance on Company.    In evaluating the merits and risks of an investment in the Warrant and the Shares, the Warrantholder
represents that it has and will rely upon the advice of its own legal counsel, tax advisors, and/or investment advisors. Accordingly, the Warrantholder hereby represents and warrants that it has reviewed the legal, accounting, tax and other economic
aspects of the Warrantholder’s investment with the Warrantholder’s own advisors and is not relying on the Company for any legal, tax, accounting or other economic considerations involved in the Warrantholder’s investment in the
Company. 
 

  

	 	(d)
	 
	Restrictions on Warrant and Shares.    The Warrantholder represents that it understands that the Warrant and the Shares are and will
be characterized as “restricted securities” under the federal securities laws since the Warrant and the Shares are being acquired from the Company in a transaction not involving a public offering and that under such laws and
applicable regulations such securities may be resold without registration under the Securities Act only in certain limited circumstances. The Warrantholder agrees not to make any disposition of the Warrant or the Shares, except in compliance with
all applicable federal and state securities laws and unless and until: (a) there is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition is made in accordance with such registration
statement; or (b) such disposition is made in accordance with Rule 144 under the Securities Act; or (c) the Warrantholder notifies the Company of the proposed disposition and furnishes the Company with a statement of the circumstances surrounding
the proposed disposition, and, if requested by the Company, the Warrantholder furnishes the Company with an opinion of counsel acceptable to the Company’s counsel, that such disposition will not require registration under the Securities Act and
will be in compliance with all applicable state securities laws. 
 

  

	 	(e)
	 
	Additional Restrictions.    The Warrantholder represents that it has read and understands the restrictions and limitations imposed on
the Warrant and the Shares in this Agreement. 
 

  

	 	(f)
	 
	No Company Representations.    The Warrantholder represents that at no time was an oral representation made to it relating to the
purchase of the Warrant or the Shares and that it was not presented with or solicited by any promotional meeting or material relating to the Warrant or the Shares. 
 

  

	 	(g)
	 
	Share Certificate Legend.    The Warrantholder represents that it understands and acknowledges that any certificate evidencing the
Shares (or evidencing any other securities issued with respect thereto pursuant to any stock split, 
 

 
 5 

  
 stock dividend or other form of reorganization or recapitalization) when issued
shall bear, in addition to any other legends which may be required by applicable state securities laws, the following legend: 
  
 “OWNERSHIP OF THIS CERTIFICATE AND THE SHARES EVIDENCED BY THIS CERTIFICATE AND ANY INTEREST THEREIN ARE SUBJECT TO RESTRICTIONS ON TRANSFER UNDER APPLICABLE LAW AND UNDER AN AGREEMENT WITH THE COMPANY, INCLUDING RESTRICTIONS
ON SALE, ASSIGNMENT, TRANSFER, PLEDGE OR OTHER DISPOSITION, A COPY OF WHICH IS AVAILABLE FOR REVIEW AT THE OFFICE OF THE SECRETARY OF THE COMPANY.” 
  
 “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED OR QUALIFIED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“ACT”), NOR HAVE THEY BEEN REGISTERED OR QUALIFIED UNDER THE
SECURITIES LAWS OF ANY STATE. NO TRANSFER OF SUCH SECURITIES WILL BE PERMITTED UNLESS A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT AS TO SUCH TRANSFER, THE TRANSFER IS MADE IN ACCORDANCE WITH RULE 144 UNDER THE ACT, OR IN THE OPINION OF
COUNSEL TO THE CORPORATION, REGISTRATION UNDER THE ACT IS UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE ACT AND WITH APPLICABLE STATE SECURITIES LAWS.” 
  

	8.
	 
	Shares Duly Authorized; Securities and Exchange Commission Filings. 
 

  

	 	(a)
	 
	The Company covenants and agrees that all Shares which may be issued upon the exercise of rights represented by the Warrant will, when issued and paid for in
accordance with the terms of this Agreement, be duly authorized, validly issued, fully paid and non-assessable shares of Common Stock. The Company further covenants and agrees that, at all times during which the Warrant may be exercised, the Company
will have authorized and reserved, for the purpose of issue upon exercise hereof, a sufficient number of shares of authorized but unissued Common Stock or other securities and property, when and as required to provide for the exercise of the rights
represented by the Warrant. 
 

  

	 	(b)
	 
	As of the date of this Agreement, the Company has timely filed all required periodic reports with the Securities and Exchange Commission since its legal
separation from Adaptec in May, 2001. 
 

  

	9.
	 
	Notices.    Any notice to be given under the terms of this Agreement shall be in writing and addressed to the Company at its
principal executive office, to the attention of the Chief Executive Officer, and to the Warrantholder at the address given beneath the Warrantholder’s signature hereto, or at such other address as either party may thereafter designate in
writing to the other. All such notices shall be delivered personally, by overnight delivery service, or by U.S. certified or registered mail, postage prepaid, return-receipt requested. 
 

 
 6 

  

	10.
	 
	Further Assurances.    Each of the parties hereto shall use its reasonable and diligent best efforts to execute such further
documents and other papers and perform such further acts as may be reasonably required or desirable to carry out the provisions hereof and the transactions contemplated herein. 
 

  

	11.
	 
	Modifications, Amendments and Waivers.    This Agreement may not be amended, modified or altered except by a written
instrument executed by both parties hereto in the same manner in which this Agreement has been executed. 
 

  

	12.
	 
	Entire Agreement.    This Agreement is intended to embody the final, complete and exclusive agreement among the parties with
respect to the Warrant and the purchase of the Shares, is intended to supersede all prior agreements, understandings and representations written or oral, with respect thereto, and may not be contradicted by evidence of any such prior or
contemporaneous agreement, understanding or representation, whether written or oral. 
 

  

	13.
	 
	Governing Law and Venue.    This Agreement is to be governed by and construed in accordance with the laws of the State of
California applicable to contracts made and to be performed wholly within such state, and without regard to the conflicts of laws principles thereof. Each party hereby agrees that any state or federal courts sitting in Santa Clara County, California
shall have in personam jurisdiction over it and consents to service of process in any manner authorized by law. 
 

  

	14.
	 
	Binding Effect; Assignment.    This Agreement and the rights, covenants, conditions and obligations of the respective parties
hereto and any instrument or agreement executed pursuant hereto shall be binding upon the parties and their respective successors, assigns and legal representatives. Except as provided for under Section 4(b) of this Agreement, neither this Agreement
nor the underlying Warrant shall be assigned by the Warrantholder without the prior written consent of the Company, which consent may be withheld in the Company’s sole and absolute discretion. 
 

  

	15.
	 
	Counterparts.    This Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument. This Agreement may be executed by facsimile signatures. 
 

  

	16.
	 
	Section Headings.    The section headings of this Agreement are for convenience of reference only and shall not be deemed to
alter or affect any provision hereof. 
 

  

	17.
	 
	Representation by Counsel.    Each party to this Agreement has been represented by counsel in connection with this Agreement
and the transactions contemplated by this Agreement. Accordingly, any rule of law, including but not limited to, Section 1654 of the California Civil Code, or any legal decision that would require interpretation of any claimed ambiguities in this
Agreement against the party that drafted it has no application and is expressly waived. 
 

  

	18.
	 
	Survival.    The representations, warranties and agreements shall survive acceptance of this Agreement by the Company,
exercise of the Warrant and payment of the purchase price for the Shares by the Warrantholder and the issuance of the Shares to the Warrantholder. 
 

 
 7 

  

	19.
	 
	Severability.    Every provision of this Agreement is intended to be severable. If any term or provision hereof is illegal or
invalid for any reason whatsoever, then such illegality or invalidity shall not affect the validity of the remainder of the Agreement. 
 

  

	20.
	 
	Attorneys’ Fees.    In any action at law or in equity to enforce any provisions or rights under this Agreement, the
unsuccessful party to such litigation, as determined by the court in a final judgment, decree or decision, shall pay the successful party all costs, expenses and reasonable attorneys’ fees, as set by the court and not by a jury, incurred by the
successful party (including, without limitation, costs, expenses and fees on any appeal). 
 

  
 [Signature
Page Follows] 

 
 8 

  
 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the date first written above. 
  
 
	  	 	 ROXIO, INC.
 a Delaware corporation
 
	 
	  	 	 By:
 	 	 /s/    WILLIAM E. GROWNEY, JR.       
 

	  	 	 Name:
 	 	 William E. Growney, Jr.
 

	  	 	 Title:
 	 	 Secretary
 

	 
	  	 	 WARRANTHOLDER
 
	 
	  	 	 By:
 	 	 /s/    HOBART G. TRUESDELL         
 

	  	 	 Name:
 	 	 Hobart G. Truesdell
 

	  	 	 Title:
 	 	 Chapter 11 Trustee for Napster, Inc.; Napster
 

	  	 	 Music Company, Inc. and Napster Mobile Company, Inc.
 

	 
	 Address:
 	 	 Walker, Truesdell, Radick & Associates
 380 Lexington Avenue, Suite 1514
 New York, New York 10168
 

 

 
 S-1 

  
 EXHIBIT A 
  
 EXERCISE AGREEMENT 
  
 THIS EXERCISE AGREEMENT (this
“Agreement”) dated as of the _____ day of __________, _____, by and between Roxio, Inc., a Delaware corporation (the “Company”), and __________________ (the “Purchaser”). 

 
 R E C I T A L S 
  
 WHEREAS, the Company has granted to the Purchaser a Warrant (the “Warrant”) to purchase 100,000 shares of common stock of the Company and in connection therewith, the Company and the Purchaser entered
into that certain Warrant Agreement dated as of November ______, 2002 (the “Warrant Agreement”) of which this Agreement is a part and incorporated therein; and 
  
 WHEREAS, the Purchaser desires to exercise the Warrant and purchase from the Company and the Company wishes to issue and sell to the Purchaser ______________ shares
of its common stock, par value $0.001 per share (the “Common Stock”), to be sold at a price of $____________ per share, in accordance with and subject to the terms and conditions set forth in this Agreement. 
  
 NOW, THEREFORE, in consideration of the above premises and the representations, warranties, covenants and agreements contained in
this Agreement, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows: 
  

	1.
	 
	Purchase and Sale of Common Stock.    The Company shall deliver to the Purchaser a stock certificate representing the shares
of Common Stock against delivery to the Company by the Purchaser of the purchase price in the sum of $ _________ (which represents the product of the $___________ price per share and the number of shares listed above, the “Purchase
Price”), except if the Purchaser is exercising the Warrant pursuant to Section 3(b) of the Warrant Agreement, in which case the Purchaser shall so indicate by marking the space provided below. 
 

  
 _______________ Exercise Pursuant to Section 3(b) of the Warrant Agreement 
  

	2.
	 
	Investment Representations.    The Purchaser acknowledges that the shares of Common Stock are not being registered under the
Securities Act of 1933, as amended (the “Securities Act”). The Purchaser hereby affirms as made as of the date hereof the representations, covenants and agreements made in Section 7 of the Warrant Agreement. 

  

	3.
	 
	Miscellaneous.    This Agreement shall be governed by and construed and enforced in accordance with the laws of the state of
California. This Agreement and the Warrant Agreement together constitute the entire agreement and supersede all prior understandings and agreements, written or oral, of the parties hereto with respect to the subject matter hereof. This Agreement may
be amended by mutual agreement of the parties. Such amendment must be in writing and signed by the Company and the 
 

 
 A-1 

 Purchaser. The Company may, however, unilaterally waive any provision hereof in writing to the extent such waiver does
not adversely affect the interests of the Purchaser hereunder, but no such waiver shall operate as or be construed to be a subsequent waiver of the same provision or a waiver of any other provision hereof. 
  
 [Signature Page Follows] 

 
 A-2 

  
 IN WITNESS WHEREOF, the parties have duly executed this Agreement as of
the date first written above. 
  
 
	 ROXIO, INC. 
 
	 
	 By:
 	 	  
	  	 	 

	 Name:
 	 	  
	  	 	 

	 Title:
 	 	  
	  	 	 

 
  
  
 
	 WARRANTHOLDER
 
	 
	 By:
 	 	  
	  	 	 

	 Name:
 	 	  
	  	 	 

	 Title:
 	 	  
	  	 	 

 

 
 A-3

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