Document:

Exhibit

Exhibit 10.1

UNUM GROUP
2020 EMPLOYEE STOCK PURCHASE PLAN

PURPOSE OF THE PLAN
The Unum Group 2020 Employee Stock Purchase Plan (the “Plan”) is sponsored by Unum Group (the “Company”) to provide its employees and those of its subsidiaries an opportunity to share in the ownership of the Company by providing them with a convenient means for regular and systematic purchases of shares of the Company’s Common Stock, $0.10 par value (the “Stock”), at favorable prices and on favorable terms, and thus to develop a stronger incentive to work for the continued success of the Company.
The Plan is intended to qualify as an “Employee Stock Purchase Plan” under Sections 421 and 423 of the Internal Revenue Code of 1986, as amended (“Code”).  The provisions of the Plan will be construed in a manner consistent with the requirements of such sections of the Code.
ADMINISTRATION; AMENDMENT; TERM OF PLAN
The Plan is administered by the Human Capital Committee of the Board of Directors (the “Committee”).  Members of the Committee are non-employee directors who are elected by the stockholders.  Members of the Committee serve without fixed terms and are appointed or removed by the Board.  The Committee has the power to make, amend, and repeal rules and regulations for the interpretation and administration of the Plan, to construe and interpret the provisions and supervise the administration of the Plan, to make factual determinations relevant to Plan entitlements and to take all action in connection with administration of the Plan as it deems necessary or advisable.  The Committee hereby delegates to and authorizes (i) the Chief Executive Officer of the Company and his or her agents to determine the terms of Shares offered and purchased under the Plan, subject to the terms of the Plan and (ii) the Executive Vice President, People and Communications of the Company or his or her delegate (the “Plan Administrator”) and the Plan Administrator’s agents, including, without limitation, the employees within the Company’s Executive Compensation department, to engage in the day-to-day administration of the Plan.
The Committee may amend, suspend, or discontinue the Plan at any time and for any reason in its sole discretion so long as any such amendment is consistent with the applicable requirements of Sections 421 and 423 of the Code.  No amendments will be made without stockholder approval if such approval is required under any law or requirement of the stock exchange upon which the Stock is listed.  Furthermore, any amendments that increase the number of shares reserved for issuance under the Plan may only be made with stockholder approval.  The Plan shall be effective as of April 1, 2020, subject to the approval of the Company's stockholders within 12 months following approval of the Plan by the Committee and shall continue in effect until the time that the Plan is terminated in accordance with this section.
STOCK SUBJECT TO PLAN; PRORATION OF SHARES; ADJUSTMENTS
The Unum Group Amended and Restated Employee Stock Purchase Plan (the “Prior Plan”) shall terminate on April 1, 2020, and no options shall be granted under the Prior Plan on or following such date.  The total number of shares that may be issued to all participants under the Plan may not exceed 1,500,000 shares plus any shares that were authorized for issuance under the Prior Plan that, as of April 1, 2020, remained available for issuance under the Prior Plan.  Stock subject to the Plan may consist of unissued shares, reacquired shares or shares bought on the open market for purposes of the Plan.  If an option granted under the Plan or Prior Plan expires or terminates for any reason without having been exercised in whole or part, the shares subject to such option that are not purchased shall not count against the foregoing limit and shall again be available for subsequent option grants under the Plan.  If the total number of shares to be purchased 

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Exhibit 10.1

by all participants in any Purchase Period (as defined below) exceeds the number of shares remaining available for issuance under the Plan, a number of shares will be purchased by each participant in such Purchase Period equal to a pro rata portion of the remaining available number of shares in as uniform a manner as shall be practicable and as the Committee shall determine to be equitable.  If this occurs, any remaining balance in a participant’s account will be returned to the participant, without interest, as soon as practicable.  Whenever any change is made in the Stock subject to the Plan or subject to deductions outstanding under the Plan (whether through merger, consolidation, reorganization, recapitalization, stock dividend, stock split, combination of shares, exchange of shares, change in corporate structure, or otherwise), action will be taken by the Committee to equitably adjust the number of shares subject to issuance under the Plan and the terms of options outstanding under the Plan.
ELIGIBILITY; SUB-PLANS
All employees of the Company and its participating subsidiaries (as defined in Code Section 424(f)) are eligible to participate in the Plan, except:
		
	(a)
	Employees who own (or would own immediately following the grant of an option under the Plan) stock possessing 5% or more of the total combined voting power or value of all classes of stock of the Company or any subsidiary.  For purposes of this section, the attribution rules of Code Section 424(b) shall apply in determining stock ownership of any employee.

(b)    Employees who customarily work less than 20 hours per week.
(c)    Employees who customarily work 5 months or less per calendar year.
The Committee shall indicate from time to time which of its subsidiaries, if any, are participating in the Plan.
The Committee may adopt sub-plans applicable to particular subsidiaries or non-U.S. jurisdictions. The rules of such sub-plans may take precedence over other provisions of this Plan, with the exception of the provisions pertaining to the number of shares of Stock that may be issued under the Plan, but unless otherwise superseded by the terms of such sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. The Committee shall not be required to obtain the approval of stockholders prior to the adoption, amendment or termination of any sub-plan unless required by applicable law, including the laws of the foreign jurisdiction in which individuals participating in the sub-plan are located. 
PURCHASE PERIODS AND PURCHASE PRICE
Except to the extent provided otherwise by the Committee, there are four three-month “Purchase Periods” beginning January 1, April 1, July 1, and October 1 in each calendar year; provided, that the first Purchase Period during 2020 shall begin on April 1, 2020.  Options to purchase shares under the Plan will be granted by the Company at the beginning of each period and are nontransferable by the employee.  The Purchase Periods will end on March 31, June 30, September 30 and December 31, respectively (or at such other time or times as may be determined by the Committee).  Options granted at the beginning of each Purchase Period will be exercised at the end of such Purchase Period.  Unless the participating employee withdraws from the Plan (see “WITHDRAWAL FROM THE PLAN”), whole and fractional shares of Stock will automatically be purchased for such participating employee with the money withheld through payroll deductions during the period.

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Exhibit 10.1

The purchase price per share is 90% of the fair market value of the Stock on the ending date of a Purchase Period.  The fair market value of a share of Stock as of such date shall be the official closing market price of the Stock on the New York Stock Exchange (NYSE) (or such other exchange on which the Stock is traded).  If such exchange is closed, or if no sale of the Stock occurred on this date, then the closing market price on the date preceding the ending of a Purchase Period on which there was a sale will apply.
The Committee may, in its sole discretion, establish a different purchase price or formula for determining the purchase price per share for any Purchasing Period that has not commenced so long as such modification does not result in a purchase price per share of less than the lesser of (i) 85% of the fair market value of the Stock on the commencement date of a Purchase Period or (ii) 85% of the fair market value of the Stock on the ending date of a Purchase Period.
Example of purchase price determination (assuming Purchase Period of January 1 - March 31):
		
	•
	If closing price on March 31 is $25.00, then 90% of $25.00 is $22.50, which would be the purchase price on March 31.

ENROLLMENT
Participation in the Plan for any eligible employee is voluntary.  To participate, the employee must enroll in the Plan by submitting an enrollment election in accordance with instructions from the Plan Administrator.  The enrollment election must be submitted during an announced enrollment period prior to the Purchase Period for which participation is to begin.  By enrolling in the Plan, the employee authorizes the Company to make after-tax payroll deductions from Compensation (as defined in “PAYROLL DEDUCTION AMOUNTS”).
PAYROLL DEDUCTION AMOUNTS
A participating employee may elect payroll deduction of any amount in each pay period but not less than $10 per pay period (or such other minimum amount as may be determined by the Committee).  The maximum amount per pay period that a participating employee may elect to contribute is $865 (or such other maximum amount as may be determined by the Committee).  Compensation is defined, for purposes of the Plan, as the participant’s regular base wages, but excluding overtime, bonuses and any incentive pay.
CHANGES IN PAYROLL DEDUCTION
An employee may change payroll deduction amounts in such manner and at such times as specified by the Committee (or the Plan Administrator or other delegate) from time to time subject to the limitations discussed above in “PAYROLL DEDUCTION AMOUNTS”.  However, any change in payroll deductions during a Purchase Period will not become effective until the first payroll deduction of the following Purchase Period.  If any employee changes the deduction amount to $0, this is considered a withdrawal from the Plan.  See “WITHDRAWAL FROM THE PLAN” for further details.
LUMP SUM PURCHASE PAYMENTS
All payments to the Plan must be made by payroll deduction.  Lump sum purchase payments are not permitted.

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Exhibit 10.1

MAXIMUM AMOUNT OF PURCHASE
Notwithstanding anything else contained herein, the maximum number of shares of Stock that a participating employee may purchase in any Purchase Period is 2,000 shares (or such other maximum amount as may be established by the Committee).  Furthermore, no employee may be granted an option for any Purchase Period which permits such employee’s rights to purchase Stock under this Plan and any other qualified employee stock purchase plan (within the meaning of Code Section 423) of the Company and its subsidiaries to accrue at a rate which exceeds $25,000 of the fair market value of such Stock for each calendar year in which an option is outstanding at any time.  For purposes of this Section only, fair market value shall be determined as of the beginning of the Purchase Period.  If a participating employee’s purchases exceed this amount, such participating employee’s excess payroll deductions will be returned, without interest, as soon as practicable.
STOCK ACCOUNT, RIGHTS OF A STOCKHOLDER AND DELIVERY OF SHARES
Payroll deductions on behalf of each participating employee will be used to purchase Stock of the Company, with such purchased Stock credited to an account maintained by a brokerage firm selected by the Committee.
Stock Account
Whole and fractional shares are automatically credited to a participating employee’s Stock account at the brokerage firm as soon as practicable after each Purchase Period ends.  No interests in, and no further rights or obligations under, the Plan are created by crediting a participating employee’s Stock account.
Rights of a Stockholder
A participating employee will have the rights and privileges of a stockholder once the shares purchased under the Plan are credited to his or her brokerage account.  Whole shares, but not fractional shares, can be voted.  Dividends on shares purchased and maintained in a participating employee’s Stock account will be paid, at the participating employee’s election, either (i) in cash or (ii) by automatic reinvestment in Stock under the terms and conditions for dividend reinvestment. If a participating employee has not made an election, such dividends will automatically be reinvested in cash or in Stock in accordance with the Plan Administrator’s procedures.  Shares purchased through dividend reinvestment are not offered under the Plan and are not purchased pursuant to, or at a price determined under, the Plan.
Delivery of Shares
Unless and until otherwise determined by the Committee, shares of Stock purchased pursuant to the Plan may not, for a period of two years after the date of purchase, be transferred from the brokerage account originally credited with the shares to an account maintained by a different brokerage firm.
WITHDRAWAL FROM THE PLAN
Unless and until otherwise determined by the Committee, a participating employee may voluntarily withdraw from the Plan at any time, except during the period (the “Non-Withdrawal Period”) from the end of an enrollment period to the beginning of the Purchase Period to which such enrollment period relates.  For example, if the enrollment period for the third quarter Purchase Period is from June 1 to June 21, then a participating employee will not be permitted to withdraw from the Plan during the period from June 22 to June 30, and amounts withheld by payroll deduction during the second quarter Purchase Period, including 

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Exhibit 10.1

during the Non-Withdrawal Period, will be used to purchase shares of Stock at the end of the second quarter Purchase Period.
If a withdrawal occurs for any reason, the participating employee’s interest in the Plan terminates.  To voluntarily withdraw, a participating employee must notify the Plan Administrator in accordance with instructions provided by the Plan Administrator.  If a participating employee becomes ineligible to participate in the Plan for any reason, the Company will automatically withdraw the employee from the Plan.
When a participating employee withdraws from the Plan, the Company will cease payroll deductions, and any payroll deductions that may have accumulated in the Purchase Period during which such withdrawal occurs will be refunded as soon as practicable, without interest.  A participating employee who withdraws from the Plan must re-enroll in the Plan (in accordance with the requirements set forth in “ENROLLMENT” above) before the employee may participate again.  Accordingly, a participating employee who withdraws from the Plan may participate in the Plan again, if then eligible, as early as the beginning of the Purchase Period immediately following the date of withdrawal if the employee re-enrolls in the Plan during an enrollment period ending prior to such Purchase Period.
TERMINATION OF EMPLOYMENT
Upon any termination of employment while participating in the Plan, such employee’s participation will automatically end on the date of termination of employment, and any payroll deductions that have accumulated will be refunded as soon as practicable, without interest.  In the event of a participating employee’s death, funds will be refunded to the named beneficiary of the payroll deduction account, or if a beneficiary has not been named, to such deceased employee’s estate.
TRANSFERABILITY
Neither payroll deductions nor any rights to exercise an option or to receive shares of Stock under the Plan may be voluntarily or involuntarily assigned, transferred, pledged, or otherwise disposed of in any way, and any attempted assignment, transfer, pledge, or other disposition shall be null and void and without effect. If a participating employee attempts to transfer, assign or otherwise encumber his or her rights or interests under the Plan, other than as permitted by the Code, such act shall be treated as an election by the Participant to withdraw from the Plan (see “WITHDRAWAL FROM THE PLAN” above).
GOVERNING LAW; COMPLIANCE WITH LAW
The Plan will be construed in accordance with the laws of the State of Delaware without reference to principles of conflict of laws.  The Company’s obligation to sell and deliver shares of Stock hereunder will be subject to all applicable federal and state laws, rules and regulations and to such approvals by any regulatory or governmental agency as may, in the opinion of counsel for the Company, be required. The Company may make such provisions as it may deem appropriate for the withholding of any taxes or payment of any taxes which it determines it may be required to withhold or pay in connection with a participant’s participation in the Plan. 

5Exhibit 10.1

    

    

    

    
      SECOND AMENDMENT TO CREDIT AGREEMENT

       

      THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered
        into as of March 16, 2020 among CRACKER BARREL OLD COUNTRY STORE, INC., a Tennessee corporation (the “Borrower”), the Guarantors party hereto, the Lenders party hereto and
        BANK OF AMERICA, N.A., as Administrative Agent and Collateral Agent.  All capitalized terms used herein and not otherwise defined herein shall have the meanings given to such terms in the Credit Agreement (as defined below and amended hereby).

       

      RECITALS

       

      WHEREAS, the Borrower, the Guarantors party thereto, the Lenders from time to time party thereto, and Bank of America, N.A., as Administrative Agent
        and Collateral Agent, have entered into that certain Credit Agreement dated as of September 5, 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
            Agreement”); and

       

      WHEREAS, the Borrower has requested that the Lenders amend the Credit Agreement as set forth below.

       

      NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and for other good and valuable consideration, the
        receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

       

      1.            Amendments.  Subject to the terms and conditions set forth herein, the Credit Agreement is hereby amended as follows:

       

      (a)        The reference to “MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED” on the cover page of the Credit Agreement is hereby replaced with “BOFA SECURITIES, INC.”.

       

      (b)          Section 1.01 of the Credit Agreement is amended to add the following new defined terms in the appropriate alphabetical order:

       

      “Affected Financial
          Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.

       

      “BofA Securities”
        means BofA Securities, Inc. (as successor to Merrill Lynch, Pierce, Fenner & Smith Incorporated), in its capacity as a joint lead arranger and joint bookrunner.

       

      “Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal
        Reserve Board and/or the Federal Reserve Bank of New York for the purpose of recommending a benchmark rate to replace LIBOR in loan agreements similar to this Agreement.

       

      “Resolution Authority”
        means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

       

      
        
          

      

      
      “SOFR” with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York, as the
        administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s website (or any successor source) and, in each case, that has been selected or recommended by the Relevant Governmental Body.

       

      “SOFR-Based Rate”
        means SOFR or Term SOFR.

       

      “Term SOFR” means the forward-looking term rate for any period that is approximately (as determined by the Administrative Agent) as long as any of the Interest Period options set forth in the definition of
        “Interest Period” and that is based on SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service as selected by the Administrative Agent from time to time in its reasonable
        discretion.

       

      “UK Financial Institution”
        means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from
        time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

       

      “UK Resolution Authority”
        means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

       

      (b)         The definition of “Arrangers” in
          Section 1.01 of the Credit Agreement is amended and restated in its entirety to read as follows:

       

      “Arrangers” means
        BofA Securities, Wells Fargo Securities, LLC, Coöperatieve Rabobank U.A., New York Branch and SunTrust Robinson Humphrey, Inc., in their capacities as joint lead arrangers and joint bookrunners, and in each case, any successors.

       

      (c)         The definition of “Bail-In
          Action” in Section 1.01 of the Credit Agreement is amended and restated in its entirety to read as follows:

       

      “Bail-In Action”
        means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

       

      (d)         The definition of “Bail-In
          Legislation” in Section 1.01 of the Credit Agreement is amended and restated in its entirety to read as follows:

       

      “Bail-In Legislation”
        means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country
        from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable
        in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

       

      
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      (e)          The definition of “Eurodollar
          Rate” in Section 1.01 of the Credit Agreement is amended and restated in its entirety to read as follows:

       

      “Eurodollar Rate”
        means:

       

      (a)         for any Interest Period with
          respect to a Eurodollar Rate Advance, the rate per annum equal to the London Interbank Offered Rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate for Dollars for a period
          equal in length to such Interest Period) (“LIBOR”), as published on the applicable Bloomberg screen page (or such other commercially available source providing such
          quotations as may be designated by the Administrative Agent from time to time) (in such case, the “LIBOR Rate”) at or about 11:00 a.m., London time, two Business Days
          prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period; and

       

      (b)          for any interest calculation
          with respect to a Base Rate Advance on any date, the rate per annum equal to the LIBOR Rate, at or about 11:00 a.m., London time two Business Days prior to such date for Dollar deposits with a term of one month commencing that day;

       

      provided that if the Eurodollar Rate shall be less
        than zero, such rate shall be deemed zero for purposes of this Agreement.

       

      (f)          The definition of “Federal Funds
          Rate” in Section 1.01 of the Credit Agreement is amended and restated in its entirety to read as follows:

       

      “Federal Funds Rate”
        means, for any day, the rate per annum calculated by the Federal Reserve Bank of New York based on such day’s federal funds transactions by depository institutions (as determined in such manner as the Federal Reserve Bank of New York shall set
        forth on its public website from time to time) and published on the next succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate; provided that if the Federal Funds Rate as so determined would be less
        than zero, such rate shall be deemed to be zero for the purposes of this Agreement.

       

      (g)        The definition of “LIBOR
          Successor Rate Conforming Changes” in Section 1.01 of the Credit Agreement is amended and restated in its entirety to read as follows:

       

      “LIBOR Successor Rate
          Conforming Changes” means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other
        technical, administrative or operational matters as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such LIBOR Successor Rate and to permit the administration thereof by the
        Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the
        administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement).

       

      
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      (h)         The definition of “Write-Down
          and Conversion Powers” in Section 1.01 of the Credit Agreement is amended and restated in its entirety to read as follows:

       

      “Write-Down and Conversion
          Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down
        and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of
        a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any
        such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those
        powers.

       

      (i)          Section 2.19 of the Credit Agreement is amended and restated in its entirety to read as follows:

       

      SECTION 2.19    Successor LIBOR.  Notwithstanding anything to the contrary in this Agreement or any other Loan Documents (including Section
              9.02 hereof), if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a
          copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined, that:

       

      (i)          adequate and reasonable means
          do not exist for ascertaining LIBOR for any requested Interest Period, including, without limitation, because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or

       

      (ii)           the administrator of the
          LIBOR Screen Rate or a Governmental Authority having or purporting to have jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made
          available, or used for determining the interest rate of loans, provided that, at the time
          of such statement, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide LIBOR after such specific date (such specific date, the “Scheduled Unavailability Date”), or

       

      (iii)           syndicated loans currently
          being executed, or that include language similar to that contained in this Section, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR,

       

      
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      then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent of such
        notice, as applicable, the Administrative Agent and the Borrower may amend this Agreement solely for the purpose of replacing LIBOR in accordance with this Section with
        (x) one or more SOFR-Based Rates or (y) another alternate benchmark rate, giving due consideration to any evolving or then existing convention for similar Dollar denominated syndicated credit facilities for such alternative benchmarks and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention
        for similar Dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in
        its reasonable discretion and may be periodically updated  (the “Adjustment;” and any such proposed rate, a “LIBOR
            Successor Rate”), and any such amendment shall become effective at 5:00 p.m. (New York time) on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless,
        prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace LIBOR with a rate described in clause (x), object to the
        Adjustment; or (B) in the case of an amendment to replace LIBOR with a rate described in clause (y), object to such amendment; provided that for the avoidance of doubt,
        in the case of clause (A), the Required Lenders shall not be entitled to object to any SOFR-Based Rate contained in any such amendment. Such LIBOR Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such LIBOR Successor Rate shall be applied in a manner as otherwise reasonably
        determined by the Administrative Agent.

       

      If no LIBOR Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability
        Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender.  Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Rate Advances shall be suspended, (to the extent of the
        affected Eurodollar Rate Advances or Interest Periods), and (y) the Eurodollar Rate component shall no longer be utilized in determining the Base Rate.  Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of,
        conversion to or continuation of Eurodollar Rate Advances (to the extent of the affected Eurodollar Rate Advances or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing that is a Base
        Rate Advance (subject to the foregoing clause (y)) in the amount specified therein.

       

      Notwithstanding anything else herein, any definition of LIBOR Successor Rate shall provide that in no event shall such LIBOR
        Successor Rate be less than zero for purposes of this Agreement.

       

      In connection with the implementation of a LIBOR Successor Rate, the Administrative Agent will have
        the right to make LIBOR Successor Rate Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such LIBOR Successor Rate Conforming Changes will become
        effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent
        shall post each such amendment implementing such LIBOR Successor Conforming Changes to the Lenders reasonably promptly after such amendment becomes effective.

       

      (j)          Section 5.02(f)(viii) of the Credit Agreement is amended and restated in its entirety to read as follows:

       

      
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      (viii)       Investments by the Borrower and
          its Subsidiaries not otherwise permitted under this Section 5.02(f) in an aggregate amount not to exceed $84,000,000; provided that immediately before and immediately after giving effect to any such Investment, no Default shall have occurred and be continuing;

       

      (k)         Section 9.24 of the Credit Agreement is amended and restated in its entirety to read as follows:

       

      SECTION 9.24     Acknowledgement and Consent to Bail-In of Affected Financial Institutions.  Solely to the extent any Lender or Issuing Bank that is an Affected Financial Institution is a party to this
          Agreement and notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender or Issuing Bank that is an
          Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges
          and agrees to be bound by:

       

      (a)          the application of any
          Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender or Issuing Bank that is an Affected Financial Institution; and

       

      (b)          the effects of any Bail-in
          Action on any such liability, including, if applicable:

       

      (i)             a reduction in full or in
          part or cancellation of any such liability;

       

      (ii)         a conversion of all, or a
          portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other
          instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

       

      (iii)           the variation of the terms
          of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

       

      2.            Conditions Precedent.  This Amendment shall be effective upon satisfaction of the following conditions precedent:

       

      (a)       receipt by the Administrative
          Agent of counterparts of this Amendment duly executed by (i) an authorized officer acceptable to the Administrative Agent of each Loan Party, (ii) the Required Lenders, and (iii) the Administrative Agent; and

       

      (b)        the Borrower shall have paid all
          reasonable costs and expenses of the Administrative Agent (including reasonable and documented fees and expenses of its legal counsel) in connection with this Amendment to the extent invoiced prior to or on the date hereof (paid directly to such
          counsel if requested by the Administrative Agent), without prejudice to a final settling of accounts between the Administrative Agent and the Borrower.

       

      
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      3.            Miscellaneous.

       

      (a)         The Credit Agreement (as amended
          hereby) and the obligations of the Loan Parties thereunder and under the other Loan Documents are hereby ratified and confirmed and shall remain in full force and effect according to their terms.  This Amendment shall not be deemed or construed
          to be a satisfaction, reinstatement, novation or release of any Loan Document or a waiver by the Administrative Agent or any Lender of any rights and remedies under the Loan Documents, at law or in equity.

       

      (b)        Each Guarantor (i) acknowledges
          and consents to all of the terms and conditions of this Amendment, (ii) affirms all of its obligations under the Loan Documents, and (iii) agrees that this Amendment and all documents executed in connection herewith do not operate to reduce or
          discharge its obligations under the Credit Agreement or the other Loan Documents.

       

      (c)          The Borrower and the Guarantors
          hereby represent and warrant to the Administrative Agent and the Lenders as follows:

       

      (i)        Each Loan Party has taken all
          necessary corporate or other organizational action to authorize the execution, delivery and performance of this Amendment.  This Amendment and the execution and performance hereof by the Loan Parties do not conflict with any Loan Party’s
          organizational documents or any law, agreement or obligation by which any Loan Party is bound.

       

      (ii)          This Amendment has been duly
          executed and delivered by each Loan Party and constitutes a legal, valid and binding obligation of each Loan Party, enforceable against each such Loan Party in accordance with its terms, subject to applicable bankruptcy, insolvency,
          reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity.

       

      (iii)        No approval, consent,
          exemption, authorization or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Loan
          Party of this Amendment.

       

      (d)        The Loan Parties represent and
          warrant to the Administrative Agent and the Lenders that (i) after giving effect to this Amendment, the representations and warranties contained in each Loan Document are true and correct in all material respects (or, in the case of any
          representation or warranty that is qualified by materiality or Material Adverse Effect, such representation or warranty is true and correct in all respects) on and as of the date hereof as though made on and as of the date hereof, other than any
          such representations or warranties that, by their express terms, refer to a specific earlier date, in which case as of such specific date, and (ii) no event has occurred and is continuing which constitutes a Default or an Event of Default.

       

      (e)         This Amendment shall constitute
          a Loan Document for all purposes. This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a
          single contract.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic imaging means (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Amendment. 
          This Amendment constitutes the entire contract among the parties relating to the subject matter hereof and supersedes any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.

       

      
        7

        
          

      

      This Amendment will inure to the benefit of and bind the respective successors and permitted assigns of the parties hereto.

       

      (f)          THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.  THE TERMS OF SECTIONS 9.05 AND 9.06 OF THE CREDIT AGREEMENT ARE INCORPORATED HEREIN BY REFERENCE, MUTATIS MUTANDIS.

       

      [SIGNATURE PAGES FOLLOW]

      

      

      
        8

        
          

      

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

       

      	
              BORROWER:

            	
              CRACKER BARREL OLD COUNTRY STORE, INC.,

            
	 	
              a Tennessee corporation

            
	 	 
	 	
              By:

            	
              /s/ Jill Golder

            
	 	 	
              Name:

            	
              Jill Golder

            
	 	 	
              Title:

            	
              Senior Vice President and Chief Financial Officer

            
	 	 	 	 
	
              GUARANTORS:

            	
              CBOCS SUPPLY, INC.,

            
	 	
              a Tennessee corporation

            
	 	

            
	 	
              By

            	
              /s/ Richard M. Wolfson

            
	 	 	
              Name:

            	
              Richard M. Wolfson

            
	 	 	
              Title:

            	
              Secretary

            
	 	 	 	 
	 	
              CBOCS WEST, INC.,

            
	 	
              a Nevada corporation

            
	 	 
	 	
              By

            	
              /s/ Richard M. Wolfson

            
	 	 	
              Name:

            	
              Richard M. Wolfson

            
	 	 	
              Title:

            	
              Secretary

            
	 	 	 	 
	 	
              CB MUSIC LLC,

            
	 	
              a Tennessee limited liability company

            
	 	 
	 	
              By

            	
              /s/ Richard M. Wolfson

            
	 	 	
              Name:

            	
              Richard M. Wolfson

            
	 	 	
              Title:

            	
              Secretary

            
	 	 	 	 
	 	
              CB EATERTAINMENT, INC.,

            
	 	
              a Delaware corporation

            
	 	 
	 	
              By

            	
              /s/ Richard M. Wolfson

            
	 	 	
              Name:

            	
              Richard M. Wolfson

            
	 	 	
              Title:

            	
              Vice President, General Counsel and Secretary

            

       

      

      [Signature Pages Continue]

       

      CRACKER BARREL OLD COUNTRY STORE, INC.

      SECOND AMENDMENT TO CREDIT AGREEMENT

      

      

      
        
          

      

      	 	
              CBOCS PENNSYLVANIA, LLC,

            
	 	
              a Pennsylvania limited liability company

            
	 	 	 
	 	
              By

            	
              /s/ Richard M. Wolfson

            
	 	 	
              Name:

            	
              Richard M. Wolfson

            
	 	 	
              Title:

            	
              Secretary

            
	 	 	 	 
	 	
              CBOCS DISTRIBUTION, INC.,

            
	 	
              a Tennessee corporation

            
	 	 	 
	 	
              By

            	
              /s/ Jeffrey M. Wilson

            
	 	 	
              Name:

            	
              Jeffrey M. Wilson

            
	 	 	
              Title:

            	
              Secretary

            
	 	 	 	 
	 	
              ROCKING CHAIR, INC.,

            
	 	
              a Nevada corporation

            
	 	 	 
	 	
              By

            	
              /s/ Mindy Walser

            
	 	 	
              Name:

            	
              Mindy Walser

            
	 	 	
              Title:

            	
              President

            
	 	 	 	 
	 	
              CBOCS TEXAS, LLC,

            
	 	
              a Tennessee limited liability company

            
	 	 	 
	 	
              By

            	
              /s/ Jeffrey M. Wilson

            
	 	 	
              Name:

            	
              Jeffrey M. Wilson

            
	 	 	
              Title:

            	
              Secretary

            
	 	 	 	 
	 	
              CBOCS PROPERTIES, INC.,

            
	 	
              a Michigan corporation

            
	 	 	 
	 	
              By

            	
              /s/ S. Victoria Harvey

            
	 	 	
              Name:

            	
              S. Victoria Harvey

            
	 	 	
              Title:

            	
              President

            

      

      

      CRACKER BARREL OLD COUNTRY STORE, INC.

      SECOND AMENDMENT TO CREDIT AGREEMENT

      

      

      
        
          

      

      	
              ADMINISTRATIVE AGENT

            	 	 	 
	
              AND COLLATERAL AGENT:

            	
              BANK OF AMERICA, N.A.,

            
	
              

              

            	
              as Administrative Agent and Collateral Agent

            
	 	 	 
	 	
              By:

            	
              /s/ Robert J. Beckley

            	 
	 	
              

              

            	
              
                Name: Robert J. Beckley

              

            	 
	 	
              

              

            	
              
                Title:   Senior Vice President

              

            	 

      

      

      CRACKER BARREL OLD COUNTRY STORE, INC.

      SECOND AMENDMENT TO CREDIT AGREEMENT

      

      
        
          

      

      	
              LENDERS:

            	
              BANK OF AMERICA, N.A.,

            	 
	

            	
              as an Issuing Bank, Swing Line Bank and a Lender

            
	 	 	 	 
	 	
              By:

            	
              /s/ Robert J. Beckley

            	 
	 	
              

              

            	
              
                Name: Robert J. Beckley

              

            	 
	 	
              

              

            	
              
                Title:    Senior Vice President

              

            	 

      

      

      CRACKER BARREL OLD COUNTRY STORE, INC.

      SECOND AMENDMENT TO CREDIT AGREEMENT

      

      

      
        
          

      

      	 	
              WELLS FARGO BANK, NATIONAL ASSOCIATION, as an Issuing Bank and a Lender

            
	 	 	 	 
	 	
              By:

            	
              /s/ Maureen Malphus

            	 
	 	
              

              

            	
              
                Name: Maureen Malphus

              

            	 
	 	
              

              

            	
              
                Title:   Vice President

              

            	 

      

      

      CRACKER BARREL OLD COUNTRY STORE, INC.

      SECOND AMENDMENT TO CREDIT AGREEMENT

      

      

      
        
          

      

      	 	
              COÖPERATIEVE RABOBANK U.A., NEW YORK 

              BRANCH, as a Lender

            
	 	 	 	 
	 	By: 

            	
               /s/ Sarah Fleet

            
	 	 	
              Name:

            	
              Sarah Fleet

            
	 	 	
              Title:

            	
              Executive Director

            
	 	 	 	 
	 	By:

            	
               /s/ Jennifer Smith

            
	 	 	
              Name:

            	
              Jennifer Smith

            
	 	 	
              Title:

            	
              Executive Director

            

      

      

      
        
          

      

      	 	
              REGIONS BANK, as a Lender

            	 
	 	 	 	 	 
	 	By:	
              /s/ Ryan Fischer

            	 
	 	 	
              Name:

            	
              Ryan Fischer

            	 
	 	 	
              Title:

            	
              Managing Director

            	 

      

      

      
        
          

      

      	 	
              TRUIST BANK (formerly known as Branch Banking and Trust Company and as successor by merger to SunTrust Bank), as a Lender

            
	 	 	 	 	 
	 	By: 

            	
              /s/ Steven Thompson

            	 
	 	 	
              Name:

            	
              Steven Thompson

            	 
	 	 	
              Title:

            	
              Vice President

            	 

      

      

      
        
          

      

      	 	
              U.S. BANK NATIONAL ASSOCIATION, as a Lender

            
	 	 
	 	
              By:

            	
              /s/ Sean P. Walters

            
	 	 	
              Name:  Sean P. Walters

            
	 	 	
              Title:  Vice President

            

      

      

      
        
          

      

      	 	
              PNC BANK, NATIONAL ASSOCIATION, as a Lender

            
	 	 
	 	
              By:

            	
              /s/ Mary Ann Amshoff

            
	 	 	
              Name: Mary Ann Amshoff

            
	 	 	
              Title: Vice President

            

      

      

      
        
          

      

      	 	
              FIRST HORIZON BANK, as a Lender

            
	 	 
	 	
              By:

            	
              /s/ Brian Reeves

            
	 	 	
              Name: Brian Reeves

            
	 	 	
              Title: Senior Vice President

            

      

      

      
        
          

      

      	 	
              SYNOVUS BANK, as a Lender

            
	 	 
	 	
              By:

            	
              /s/ Chandra Cockrell

            
	 	 	
              Name:  Chandra Cockrell

            
	 	 	
              Title: Corporate Banker

            

      

      

      
        
          

      

      	 	
              PINNACLE BANK, as a Lender

            
	 	 
	 	
              By:

            	
              /s/ William H. Diehl

            
	 	 	
              Name: William H. Diehl

            
	 	 	
              Title: Senior Vice President

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