Document:

Exhibit 10.1

 

SCHEDULE 1*

SCHEDULE OF MEMBERS

 

	Member	Units	Percentage Interest	Contribution Closing Capital Account Balance	Additional Cash Capital Contributions	Additional Non-Cash Capital Contributions	Capital Accounts	Notice Information
	Franchise Group, Inc.	14,199,754.00	60.08%	$169,201,116.00	$1,061,271.85	-	$170,262,387.85	
        1716 Corporate Landing Parkway

        Virginia Beach, VA 23454

        Attention: Tiffany McMillan McWaters

        Email: tiffany.mcwaters@libtax.com

	Brian DeGustino Revocable Trust	792,529.62	3.35%	$9,430,363.46	-	$79,992.00	$9,510,355.46	
        c/o Brian DeGustino

        32 Wedgewood Drive

        Hawthorn Woods, IL 60047

        Email: degustinob@gmail.com

	Amy DeGustino Irrevocable Trust	336,798.69	1.43%	$4,041,584.34	-	-	$4,041,584.34	
        c/o Brian DeGustino

        32 Wedgewood Drive

        Hawthorn Woods, IL 60047

        Email: degustinob@gmail.com

	Samjor Family LP	3,937,726.03	16.66%	$34,951,536.34	-	$12,301,176.00	$47,252,712.34	c/o Brian R. Kahn

9935 Lake Louise Drive

Windermere, FL 34786

Email:  bkahn@vintcap.com
	Vintage RTO, L.P.	2,233,218.53	9.45%	$22,979,790.34	-	$3,818,832.00	$26,798,622.34	c/o Vintage Capital Management, LLC

4705 S. Apopka Vineland Road

Suite 206

Orlando, FL 32819

Attention:  Brian R. Kahn

Email:  bkahn@vintcap.com
	Martin Meyer and Fengfeng Ren	336,798.69	1.43%	$4,041,584.34	-	-	$4,041,584.34	
        1801 N. Mohawk St. #B

        Chicago, IL 60614

        Email: martinmey@yahoo.com

        fengfengrn@gmail.com

	David O’Neil	898,130.31	3.80%	$10,777,563.75	-	-	$10,777,563.75	350 N. Orleans St., Suite 2N

Chicago, IL 60654-1600
	Jeffrey D. Miller	898,130.31	3.80%	$10,777,563.75	-	-	$10,777,563.75	
        240 Maplewood Rd.

        Riverside, IL 60546

        Email: jdmiller10@protonmail.com

 

* This Schedule of Members shall be updated from time to time to reflect any adjustment
with respect to any subdivision (by Unit split or otherwise) or any combination (by reverse Unit split or otherwise) of any outstanding
Units, or to reflect any additional issuances of Units pursuant to this Agreement.Exhibit 10.2

 

Execution Version

 

AMENDMENT NO. 1

TO

REGISTRATION RIGHTS AGREEMENT

 

September 30, 2019

 

Reference is hereby made to that certain Registration
Rights Agreement, dated as of July 10, 2019 (the “Registration Rights Agreement”), by and among Franchise Group,
Inc. (f/k/a Liberty Tax, Inc.), a Delaware corporation (the “Company”), and the parties listed on Schedule
1 thereto (the “Investors”).

 

WHEREAS, the Company and the Vintage Group Members
desire to amend the Registration Rights Agreement pursuant to this Amendment No. 1 (this “Amendment”) in accordance
with Section 3.12 thereof; and

 

WHEREAS, capitalized terms used herein but not
defined shall have the meaning set forth in the Registration Rights Agreement.

 

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

 

1.     
Amendment.

 

(a)               
The definition of “Company” in the preamble to the Registration Rights Agreement is hereby amended and restated
in its entirety to refer to Franchise Group, Inc. (f/k/a Liberty Tax, Inc.).

 

(b)               
The definition of “Certificate of Designation” in Section 1.1 of the Registration Rights Agreement is hereby
amended and restated in its entirety as follows:

 

“Certificate of Designation”
means that certain Certificate of Designation providing for the designations, powers, preferences, rights, qualifications, limitations
and restrictions of the Voting Non-Economic Preferred Stock, which Certificate of Designation was approved by the Board of Directors
and the special committee of independent directors of the Board of Directors and filed by the Company with the Secretary of State
of the State of Delaware on or prior to the date hereof pursuant to the Business Combination Agreement, as such Certificate of
Designation may be amended, restated or otherwise modified from time to time, together with any Certificate of Increase adopted
or approved in respect of such Certificate of Designation.

 

(c)            
The definition of “Former Buddy’s Members” in Section 1.1 of the Registration Rights Agreement is hereby
amended and restated in its entirety as follows:

 

“Former Buddy’s Members”
means the former members of Buddy’s as of immediately prior to the consummation of the Merger. A list of the Former Buddy’s
Members is set forth on Schedule 1(B).

 

     

     

    

 

(d)            
The definition of “Registrable Shares” in Section 1.1 of the Registration Rights Agreement is hereby amended
and restated in its entirety as follows:

 

“Registrable Shares” means,
at any time, (i) the shares of Common Stock that were purchased by Tributum, L.P., pursuant to the Vintage Subscription Agreements
and that are beneficially owned by Tributum, L.P. (or another Vintage Group Member as a result of a Transfer of such shares by
Tributum, L.P., to such other Vintage Group Member), (ii) the shares of Common Stock that are purchased by any Vintage Group Member
pursuant to any subscription agreement, equity commitment or similar agreement between such Vintage Group Member and the Company,
(iii) the shares of Common Stock issued or issuable by the Company upon a redemption of New Holdco Units and shares of Voting Non-Economic
Preferred Stock by New Holdco and the Company, respectively, pursuant to the A&R New Holdco LLC Agreement and the Certificate
of Designation, (iv) any shares of Common Stock that were purchased by the Investors with the proceeds from the Debt Financing
or any amounts distributed thereto by New Holdco in connection with the tender offer contemplated by the Business Combination Agreement
and (v) any shares of capital stock or other equity securities issued in exchange for or in substitution of a dividend or distribution
on any shares of Common Stock referred to in the immediately preceding clauses (i), (ii), (iii) and (iv), but excluding any such
shares of Common Stock (including shares of Common Stock issuable upon a redemption of New Holdco Units and shares of Voting Non-Economic
Preferred Stock)  that have, after the date hereof, been Transferred pursuant to (a) a registration statement or valid registration
exemption under, and in compliance with the requirements of, the Securities Act such that such shares are freely tradeable or (b)
Rule 144 under, and in compliance with the requirements of, the Securities Act.

 

(e)            
A new Section 3.13 is hereby added to the Registration Rights Agreement as follows:

 

3.13       Third
Party Beneficiaries. Each Vintage Group Member that is not an Investor is an express third party beneficiary of this Agreement
(including with respect to all rights of the Vintage Group Members under this Agreement).

 

(f)             
Schedule 1(A) and Schedule 1(B) of the Registration Rights Agreement are hereby amended and restated in their entirety as
follows:

 

A. Vintage Group

 

	Name and Address	 	
        Shares of 

        Common Stock
	 
	
        Tributum, L.P.

        c/o Vintage Capital Management

        4705 S. Apopka Vineland Road

        Suite 206

        Orlando, FL 32819

        Attention: Brian R. Kahn

        Email: bkahn@vintcap.com

        

        

        

         
	 	
        2,083,333.33

        

        
	 
	 	 	 	 
	Vintage Tributum, L.P.

        c/o Vintage Capital Management

        4705 S. Apopka Vineland Road

        Suite 206

        Orlando, FL 32819

        Attention: Brian R. Kahn

        Email: bkahn@vintcap.com	 	2,075,151.00	 

 

 

    2

     

    

 

B. Former Buddy’s Members

 

	Name and Address	New Holdco Units	Shares of Voting Non-Economic Preferred Stock	Shares of Common Stock into which New Holdco Units and Shares of Voting Non-Economic Preferred Stock are Convertible
	
        Brian DeGustino Revocable Trust c/o Brian DeGustino

        32 Wedgewood Drive Hawthorn Woods, IL 60047

        Email: degustinnob@gmail.com
	792,529.62	158,505.92	792,529.62
	
        Amy DeGustino Irrevocable Trust c/o Brian DeGustino

        32 Wedgewood Drive Hawthorn Woods, IL 60047

        Email: degustinnob@gmail.com
	336,798.69	67,359.74	336,798.69
	
        Samjor Family LP

        c/o Brian Kahn

        9935 Lake Louise Drive Windermere, FL 34786

        Email: bkahn@vintcap.com
	3,937,726.03	787,545.21	3,937,726.03
	
        Vintage RTO, L.P.

        c/o Vintage Capital Management 4705 S. Apopka Vineland Road Suite 206

        Orlando, FL 32819

        Attention: Brian R. Kahn

        Email: bkahn@vintcap.com
	2,233,218.53	446,643.71	2,233,218.53
	Martin Meyer and Fengfeng Ren 

1801 N. Mohawk St. #B 

Chicago, IL 60614

Email:  martinmey@yahoo.com

            fengfengrn@gmail.com	336,798.69	67,359.74	336,798.69
	
        David O’Neil

        350 N. Orleans St., Suite 2N Chicago, IL 60654-1600
	898,130.31	179,626.06	898,130.31
	
        Jeffrey D. Miller 240 Maplewood Rd.

        Riverside, IL 60546

        Email: jdmiller10@protonmail.com
	898,130.31	179,626.06	898,130.31

 

    3

     

    

 

2.                 
Miscellaneous; No Other Waivers or Amendments. As amended by this Amendment, the provisions of Article I (Definitions)
and Sections 3.1 (Notices), 3.2 (Waiver), 3.3 (Counterparts), 3.4 (Applicable Law), 3.5 (Waiver
of Jury Trial), 3.6 (Severability), 3.8 (Delivery by Electronic Transmission), 3.11 (Descriptive Headings;
Interpretation) and 3.12 (Amendments) of the Registration Rights Agreement shall apply to this Amendment mutatis
mutandis. Except as specifically amended hereby, the Registration Rights Agreement shall continue in full force and effect
as written. References to the Registration Rights Agreement in other documents and agreements (including, for the avoidance of
doubt, the Registration Rights Agreement) will be deemed to be references to the Registration Rights Agreement, as amended by this
Amendment, regardless of whether such documents and agreements refer to any amendments to the Registration Rights Agreement.

 

3.     
Entire Agreement. This Amendment, together with the Registration Rights Agreement and all other documents and agreements
referenced herein or therein, represents the entire agreement, and supersedes all other prior agreements and understandings, both
written and oral, among the parties hereto or thereto, or between any of them, with respect to the subject matter hereof and thereof.

 

[Remainder of Page Intentionally Left Blank]

 

 

 

 

 

 

 

 

 

 

    4

     

    

 

IN WITNESS WHEREOF, the parties have caused
this Amendment to be executed by their respective officers thereunto duly authorized, all as of the date first above written.

 

FRANCHISE GROUP, INC.

 

By: /s/ Michael S. Piper_________________________

Name: Michael S. Piper

Title: Chief Financial
Officer

 

 

 

VINTAGE GROUP:

 

 

TRIBUTUM, L.P.

 

By: /s/ Brian Kahn_________________________

Name: Brian Kahn

Title: Authorized Signatory

 

 

SAMJOR FAMILY LP

 

By: /s/ Brian Kahn_________________________

Name: Brian Kahn

Title: Authorized Signatory

 

 

VINTAGE RTO, L.P.

 

By: /s/ Brian Kahn_________________________

Name: Brian Kahn

Title: Authorized Signatory

 

 

 

    
[Signature page to Amendment No. 1 to Registration Rights Agreement]

     

    

 

VINTAGE CAPITAL MANAGEMENT, LLC

 

By: /s/ Brian Kahn_________________________

Name: Brian Kahn

Title: Authorized Signatory

 

 

VINTAGE TRIBUTUM, LP

 

By: /s/ Brian Kahn_________________________

Name: Brian Kahn

Title: Authorized Signatory

 

 

 

 

 

 

 

[Signature page to Amendment No. 1 to Registration Rights Agreement]

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