Document:

Form of Credit Agreement

 Exhibit 10.13 
  

			
	 CUSIP NUMBER:
	  	

  

  
 $115,000,000 
  
 CREDIT AGREEMENT 
  
 among 
  
 MORTON’S OF CHICAGO, INC., 
 as Borrower, 
  
 MORTON’S RESTAURANT GROUP, INC., 
 as Parent, 
  
 CERTAIN DOMESTIC
SUBSIDIARIES 
 OF THE PARENT 
 FROM
TIME TO TIME PARTIES HERETO, 
 as Guarantors, 
  
 THE LENDERS FROM TIME TO TIME PARTIES HERETO, 
  
 WACHOVIA BANK, NATIONAL ASSOCIATION, 
 as
Administrative Agent, 
  
 ROYAL BANK OF CANADA, 
 as Syndication Agent 
  
 and 
  
 JPMORGAN CHASE BANK, N.A., 
 and 
 LASALLE NATIONAL BANK 
 as Documentation Agents 
  
 Dated as of February __, 2006 
  

WACHOVIA CAPITAL MARKETS, LLC 
 and

 RBC CAPITAL MARKETS 
 as Joint
Lead Arrangers and Joint Book Runners 
  

  
 

 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page

	 ARTICLE I DEFINITIONS
	  	5
	 Section 1.1
	  	 Defined Terms
	  	5
	 Section 1.2
	  	 Other Definitional Provisions
	  	31
	 Section 1.3
	  	 Accounting Terms
	  	31
	 Section 1.4
	  	 Time References
	  	32
		
	 ARTICLE II THE LOANS; AMOUNT AND TERMS
	  	32
	 Section 2.1
	  	 Revolving Loans
	  	32
	 Section 2.2
	  	 Incremental Facilities
	  	34
	 Section 2.3
	  	 Letter of Credit Subfacility
	  	36
	 Section 2.4
	  	 Swingline Loan Subfacility
	  	40
	 Section 2.5
	  	 Fees
	  	42
	 Section 2.6
	  	 Commitment Reductions
	  	43
	 Section 2.7
	  	 Prepayments
	  	43
	 Section 2.8
	  	 Lending Offices
	  	46
	 Section 2.9
	  	 Default Rate
	  	46
	 Section 2.10
	  	 Conversion Options
	  	46
	 Section 2.11
	  	 Computation of Interest and Fees
	  	47
	 Section 2.12
	  	 Pro Rata Treatment and Payments
	  	48
	 Section 2.13
	  	 Non-Receipt of Funds by the Administrative Agent
	  	50
	 Section 2.14
	  	 Inability to Determine Interest Rate
	  	51
	 Section 2.15
	  	 Illegality
	  	51
	 Section 2.16
	  	 Requirements of Law
	  	52
	 Section 2.17
	  	 Indemnity
	  	53
	 Section 2.18
	  	 Taxes
	  	54
	 Section 2.19
	  	 Indemnification; Nature of Issuing Lender’s Duties
	  	56
	 Section 2.20
	  	 Replacement of Lenders
	  	57
		
	 ARTICLE III REPRESENTATIONS AND WARRANTIES
	  	58
	 Section 3.1
	  	 Financial Condition
	  	58
	 Section 3.2
	  	 No Change
	  	59
	 Section 3.3
	  	 Corporate Existence; Compliance with Law
	  	59
	 Section 3.4
	  	 Corporate Power; Authorization; Enforceable Obligations
	  	59
	 Section 3.5
	  	 No Legal Bar; No Default
	  	60
	 Section 3.6
	  	 No Material Litigation
	  	60
	 Section 3.7
	  	 Investment Company Act; Etc.
	  	60
	 Section 3.8
	  	 Margin Regulations
	  	60
	 Section 3.9
	  	 ERISA
	  	61
	 Section 3.10
	  	 Environmental Matters
	  	61
	 Section 3.11
	  	 Use of Proceeds
	  	62
	 Section 3.12
	  	 Subsidiaries; Joint Ventures; Partnerships
	  	62
	 Section 3.13
	  	 Ownership
	  	63
	 Section 3.14
	  	 Indebtedness
	  	63
	 Section 3.15
	  	 Taxes
	  	63
	 Section 3.16
	  	 Intellectual Property
	  	63

  

 i 

					
	 Section 3.17
	  	 Solvency
	  	64
	 Section 3.18
	  	 Investments
	  	64
	 Section 3.19
	  	 Location of Collateral
	  	64
	 Section 3.20
	  	 Brokers’ Fees
	  	64
	 Section 3.21
	  	 Labor Matters
	  	65
	 Section 3.22
	  	 Security Documents
	  	65
	 Section 3.23
	  	 Accuracy and Completeness of Information and Representations and Warranties
	  	65
	 Section 3.24
	  	 Insurance
	  	66
	 Section 3.25
	  	 Classification as Senior Indebtedness
	  	66
	 Section 3.26
	  	 [Intentionally Omitted]
	  	66
	 Section 3.27
	  	 Foreign Assets Control Regulations, Etc.
	  	66
	 Section 3.28
	  	 Deposit and Disbursement Accounts
	  	66
	 Section 3.29
	  	 Customer and Trade Relations
	  	66
	 Section 3.30
	  	 Government and Material Contracts
	  	67
		
	 ARTICLE IV CONDITIONS PRECEDENT
	  	67
	 Section 4.1
	  	 Conditions to Closing Date and Initial Extensions of Credit
	  	67
	 Section 4.2
	  	 Conditions to All Extensions of Credit
	  	72
		
	 ARTICLE V AFFIRMATIVE COVENANTS
	  	73
	 Section 5.1
	  	 Financial Statements
	  	73
	 Section 5.2
	  	 Certificates; Other Information
	  	74
	 Section 5.3
	  	 Payment of Obligations
	  	75
	 Section 5.4
	  	 Conduct of Business and Maintenance of Existence
	  	75
	 Section 5.5
	  	 Maintenance of Property; Insurance
	  	75
	 Section 5.6
	  	 Inspection of Property; Books and Records; Discussions
	  	76
	 Section 5.7
	  	 Notices
	  	76
	 Section 5.8
	  	 Environmental Laws
	  	78
	 Section 5.9
	  	 Financial Covenants
	  	78
	 Section 5.10
	  	 Additional Guarantors
	  	79
	 Section 5.11
	  	 Compliance with Law
	  	80
	 Section 5.12
	  	 Pledged Assets
	  	80
		
	 ARTICLE VI NEGATIVE COVENANTS
	  	81
	 Section 6.1
	  	 Indebtedness
	  	81
	 Section 6.2
	  	 Liens
	  	83
	 Section 6.3
	  	 Nature of Business
	  	83
	 Section 6.4
	  	 Consolidation, Merger, Sale or Purchase of Assets, etc.
	  	83
	 Section 6.5
	  	 Advances, Investments and Loans
	  	85
	 Section 6.6
	  	 Transactions with Affiliates
	  	85
	 Section 6.7
	  	 Ownership of Subsidiaries; Restrictions
	  	85
	 Section 6.8
	  	 Fiscal Year; Organizational Documents; Material Contracts; Subordinated Indebtedness; State of Organization
	  	85
	 Section 6.9
	  	 Limitation on Restricted Actions
	  	86
	 Section 6.10
	  	 Restricted Payments
	  	87
	 Section 6.11
	  	 Sale Leasebacks
	  	87
	 Section 6.12
	  	 No Further Negative Pledges
	  	88

  

 ii 

					
	 ARTICLE VII EVENTS OF DEFAULT
	  	89
	 Section 7.1
	  	 Events of Default
	  	89
	 Section 7.2
	  	 Acceleration; Remedies
	  	92
		
	 ARTICLE VIII THE AGENT
	  	92
	 Section 8.1
	  	 Appointment
	  	92
	 Section 8.2
	  	 Delegation of Duties
	  	93
	 Section 8.3
	  	 Exculpatory Provisions
	  	93
	 Section 8.4
	  	 Reliance by Administrative Agent
	  	93
	 Section 8.5
	  	 Notice of Default
	  	94
	 Section 8.6
	  	 Non-Reliance on Administrative Agent and Other Lenders
	  	94
	 Section 8.7
	  	 Indemnification
	  	95
	 Section 8.8
	  	 The Administrative Agent in Its Individual Capacity
	  	95
	 Section 8.9
	  	 Successor Administrative Agent
	  	96
	 Section 8.10
	  	 Other Agents
	  	96
		
	 ARTICLE IX MISCELLANEOUS
	  	97
	 Section 9.1
	  	 Amendments, Waivers and Release of Collateral
	  	97
	 Section 9.2
	  	 Notices
	  	99
	 Section 9.3
	  	 No Waiver; Cumulative Remedies
	  	100
	 Section 9.4
	  	 Survival of Representations and Warranties
	  	100
	 Section 9.5
	  	 Payment of Expenses
	  	100
	 Section 9.6
	  	 Successors and Assigns; Participations; Purchasing Lenders
	  	101
	 Section 9.7
	  	 Adjustments; Set-off
	  	105
	 Section 9.8
	  	 Table of Contents and Section Headings
	  	106
	 Section 9.9
	  	 Counterparts
	  	107
	 Section 9.10
	  	 Effectiveness
	  	107
	 Section 9.11
	  	 Severability
	  	107
	 Section 9.12
	  	 Integration
	  	107
	 Section 9.13
	  	 Governing Law
	  	107
	 Section 9.14
	  	 Consent to Jurisdiction and Service of Process
	  	107
	 Section 9.15
	  	 Confidentiality
	  	108
	 Section 9.16
	  	 Acknowledgments
	  	109
	 Section 9.17
	  	 Waivers of Jury Trial; Waiver of Consequential Damages
	  	109
	 Section 9.18
	  	 Patriot Act Notice
	  	109
		
	 ARTICLE X GUARANTY
	  	110
	 Section 10.1
	  	 The Guaranty
	  	110
	 Section 10.2
	  	 Bankruptcy
	  	111
	 Section 10.3
	  	 Nature of Liability
	  	111
	 Section 10.4
	  	 Independent Obligation
	  	111
	 Section 10.5
	  	 Authorization
	  	112
	 Section 10.6
	  	 Reliance
	  	112
	 Section 10.7
	  	 Waiver
	  	112
	 Section 10.8
	  	 Limitation on Enforcement
	  	113
	 Section 10.9
	  	 Confirmation of Payment
	  	114

  

 iii 

			
	 Schedules
	  	 
		
	 Schedule 1.1-1
	  	 Account Designation Letter

	 Schedule 1.1-2
	  	 Permitted Investments

	 Schedule 1.1-3
	  	 Permitted Liens

	 Schedule 1.1-4
	  	 Commitment Schedule

	 Schedule 2.1(b)(i)
	  	 Form of Notice of Borrowing

	 Schedule 2.1(e)
	  	 Form of Revolving Note

	 Schedule 2.4(d)
	  	 Form of Swingline Note

	 Schedule 2.10
	  	 Form of Notice of Conversion/Extension

	 Schedule 2.18
	  	 Tax Exempt Certificate

	 Schedule 3.12
	  	 Subsidiaries

	 Schedule 3.16
	  	 Intellectual Property

	 Schedule 3.19(a)
	  	 Location of Real Property

	 Schedule 3.19(b)
	  	 Location of Collateral

	 Schedule 3.19(c)
	  	 Chief Executive Offices

	 Schedule 3.21
	  	 Labor Matters

	 Schedule 3.30
	  	 Material Contracts

	 Schedule 4.1-1
	  	 Form of Secretary’s Certificate

	 Schedule 4.1-2
	  	 Form of Solvency Certificate

	 Schedule 5.2(b)
	  	 Form of Officer’s Compliance Certificate

	 Schedule 5.10
	  	 Form of Joinder Agreement

	 Schedule 6.1
	  	 Indebtedness

	 Schedule 6.6
	  	 Transactions with Affiliates

	 Schedule 9.6(c)
	  	 Form of Commitment Transfer Supplement

  

 iv 

 CUSIP NUMBER: 
  
 This CREDIT AGREEMENT, dated as of February     , 2006, is by and among MORTON’S OF CHICAGO, INC., an
Illinois corporation (the “Borrower”), MORTON’S RESTAURANT GROUP, INC., a Delaware corporation (the “Parent”), those Subsidiaries of the Parent identified as a “Guarantor” on the signature
pages hereto and such other Subsidiaries of the Parent as may from time to time become a party hereto (together with the Parent, collectively the “Guarantors” and each a “Guarantor”), the several banks and other
financial institutions as are, or may from time to time become, parties to this Agreement (each a “Lender” and, collectively, the “Lenders”), and WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking
association, as administrative agent for the Lenders hereunder (in such capacity, the “Administrative Agent”). 
  
 W  I  T  N  E  S  S  E  T  H: 
  
 WHEREAS, the Borrower has requested that the Lenders make loans and
other financial accommodations to the Borrower in the amount of up to $115,000,000, as more particularly described herein; and 
  
 WHEREAS, the Lenders have agreed to make such loans and other financial accommodations to the Borrower on the terms and conditions contained
herein. 
  
 NOW, THEREFORE, in consideration of the
premises and the mutual covenants contained herein, the parties hereto hereby agree as follows: 
  
 ARTICLE I 
  
 DEFINITIONS

  
 Section 1.1 Defined Terms. 

 
 As used in this Agreement, terms defined in the preamble to this
Agreement have the meanings therein indicated, and the following terms have the following meanings: 
  
 “ABR Default Rate” shall mean a rate per annum equal to the Alternate Base Rate plus the Applicable Percentage with respect to
Alternate Base Rate Loans plus 2%. 
  
 “Accessible
Borrowing Availability” means, as of any date of determination, the amount that the Borrower is able to borrow on such date under the Revolving Committed Amount without a Default or Event of Default occurring or existing after giving pro
forma effect to such borrowing. 
  
 “Account Designation
Letter” shall mean the Account Designation Letter dated as of the Closing Date from the Borrower to the Administrative Agent substantially in the form attached hereto as Schedule 1.1-1. 

 “Additional Credit Party” shall mean each Person that becomes a Guarantor by execution
of a Joinder Agreement in accordance with Section 5.10. 
  
 “Additional Revolving Loan” shall have the meaning set forth in Section 2.2(a). 
  
 “Additional Term Loan” shall have the meaning set forth in Section 2.2(b). 
  
 “Adjusted Leverage Ratio” shall mean, with respect to the
Parent and its Subsidiaries on a consolidated basis for the twelve-month period ending on the last day of any fiscal quarter of the Parent, the ratio of (a) the sum of (i) Funded Debt of the Parent and its Subsidiaries on the last day of
such period plus (ii) the product of eight (8) multiplied by Consolidated Rent Expense to (b) Consolidated EBITDAR for such period. 
  
 “Administrative Agent” shall have the meaning set forth in the first paragraph of this Agreement and shall include any successors in such
capacity. 
  
 “Administrative Details Form” shall
mean, with respect to any Lender, a document containing such Lender’s contact information for purposes of notices provided under this Credit Agreement and account details for purposes of payments made to such Lender under this Credit Agreement.

  
 “Affiliate” shall mean as to any Person, any
other Person which, directly or indirectly, is in control of, is controlled by, or is under common control with, such Person. For purposes of this definition, a Person shall be deemed to be “controlled by” a Person if such Person
possesses, directly or indirectly, power either (a) to vote 10% or more of the Capital Stock having ordinary voting power for the election of directors of such Person (excluding any securities or equity interests having such power only upon the
occurrence of a contingency which has not yet occurred) or (b) to direct or cause the direction of the management and policies of such Person whether by contract or otherwise. 
  
 “Agreement” or “Credit Agreement” shall mean this Credit Agreement, as amended, modified,
restated, amended and restated, extended, replaced, increased or supplemented from time to time in accordance with its terms. 
  
 “Alternate Base Rate” shall mean, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and
(b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. For purposes hereof: “Prime Rate” shall mean, at any time, the rate of interest per annum publicly announced from time to time by the Administrative
Agent at its principal office as its prime rate. Each change in the Prime Rate shall be effective as of the opening of business on the day such change in the Prime Rate occurs. The parties hereto acknowledge that the rate announced publicly by the
Administrative Agent as its Prime Rate is an index or base rate and shall not necessarily be its lowest or best rate charged to its customers or other banks; and “Federal Funds Effective Rate” shall mean, for any day, the weighted
average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is
not so published on the next 

  

 6 

 
succeeding Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers
of recognized standing selected by it. If for any reason the Administrative Agent shall have determined (which determination shall be conclusive in the absence of manifest error) that it is unable to ascertain the Federal Funds Effective Rate, for
any reason, including the inability or failure of the Administrative Agent to obtain sufficient quotations in accordance with the terms thereof, the Alternate Base Rate shall be determined without regard to clause (b) of the first sentence of
this definition, as appropriate, until the circumstances giving rise to such inability no longer exist. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the opening of
business on the date of such change. 
  
 “Alternate Base
Rate Loans” shall mean Loans that bear interest at an interest rate based on the Alternate Base Rate. 
  
 “Applicable Percentage” shall mean, for any day, the rate per annum set forth below opposite the applicable Level then in effect (based
on the Adjusted Leverage Ratio), it being understood that the Applicable Percentage for (i) Alternate Base Rate Loans shall be the percentage set forth under the column “Alternate Base Rate Margin”, (ii) LIBOR Rate Loans shall be
the percentage set forth under the column “LIBOR Rate Margin and Letter of Credit Fee”, (iii) the Letter of Credit Fee shall be the percentage set forth under the column “LIBOR Rate Margin and Letter of Credit Fee”, and
(iv) the Commitment Fee shall be the percentage set forth under the column “Commitment Fee”: 
  

												
	 Level

	  	 Adjusted
 Leverage
 Ratio

	  	 Alternate
 Base Rate
Margin

	 	 	LIBOR Rate
Margin and
Letter of
Credit Fee

	 	 	 Commitment
 Fee

	 
	 I
	  	< 3.00 to 1.0	  	0.000	%	 	0.625	%	 	0.125	%
	 II
	  	 > 3.00 to 1.0 but
 < 4.50 to 1.0
	  	0.000	%	 	0.750	%	 	0.150	%
	 III
	  	> 4.50 to 1.0	  	0.000	%	 	1.000	%	 	0.200	%

  
 The Applicable
Percentage shall, in each case, be determined and adjusted quarterly on the date five (5) Business Days after the date on which Administrative Agent has received from the Borrower the quarterly financial information and certifications required
to be delivered to Administrative Agent and Lenders in accordance with the provisions of Sections 5.1(a), 5.1(b) and 5.2(b) (each an “Interest Determination Date”). Subject to the last sentence of this definition, such
Applicable Percentage shall be effective from an Interest Determination Date until the next Interest Determination Date. Notwithstanding the foregoing, the initial Applicable Percentages shall be set at Level II until the first Interest
Determination Date occurring after the Closing Date. If Borrower shall fail to provide the quarterly financial information and certifications in accordance with the provisions of Sections 5.1(a) and 5.1(b), the Applicable Percentage shall,
on the date five (5) Business Days after the date by which Borrower was so required to provide such financial information and certifications to Administrative Agent and Lenders, be based on Level III until such time as such information and
certifications are provided, whereupon the Level shall be determined by the then current Adjusted Leverage Ratio. 
  

 7 

 “Approved Fund” shall mean, with respect to any Lender, any fund or trust or entity that
invests in commercial bank loans in the ordinary course of business and is advised or managed by (a) such Lender, (b) an Affiliate of such Lender, (c) any other Lender or any Affiliate thereof or (d) the same investment advisor
as any Person described in clauses (a) – (c). 
  
 “Arrangers” shall mean Wachovia Capital Markets, LLC and RBC Capital Markets* as Joint
Lead Arrangers and Joint Book Runners, together with their successors and/or assigns. 
  
 “Asset Disposition” shall mean the disposition of any or all of the assets (including, without limitation, the Capital Stock of a Subsidiary or any ownership interest in a joint venture) of any Credit
Party or any Subsidiary whether by sale, lease, transfer or otherwise, in a single transaction or in a series of transactions. The term “Asset Disposition” shall not include (i) the sale, lease, transfer or other disposition of assets
permitted by Section 6.4(a)(i), (ii), (iii)(A), (iv), (v), (vi), (vii) or (viii) hereof, (ii) any Equity Issuance or (iii) the ceasing of operations by an operating Subsidiary pursuant to a Liquidation Event. 
  
 “Bankruptcy Code” shall mean the Bankruptcy Code in Title 11
of the United States Code, as amended, modified, succeeded or replaced from time to time. 
  
 “Bankruptcy Event” shall mean the occurrence of an Event of Default under Section 7.1(e). 
  
 “Borrower” shall have the meaning set forth in the first paragraph of this Agreement. 
  
 “Borrowing Date” shall mean, in respect of any Loan, the
date such Loan is made. 
  
 “Business” shall have
the meaning set forth in Section 3.10. 
  
 “Business
Day” shall mean a day other than a Saturday, Sunday or other day on which commercial banks in Charlotte, North Carolina or New York, New York are authorized or required by law to close; provided, however, that when used in
connection with a rate determination, borrowing or payment in respect of a LIBOR Rate Loan, the term “Business Day” shall also exclude any day on which banks in London, England are not open for dealings in Dollar deposits in the London
interbank market. 
  
 “Capital Lease” shall mean
any lease of property, real or personal, the obligations with respect to which are required to be capitalized on a balance sheet of the lessee in accordance with GAAP. 
  
 “Capital Lease Obligations” shall mean the capitalized lease obligations relating to a Capital Lease
determined in accordance with GAAP. 
  
 “Capital
Stock” shall mean (i) in the case of a corporation, capital stock, (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other 

	*	RBC Capital Markets is the marketing name for the corporate and investment banking activities of Royal Bank of Canada. 

  

 8 

 equivalents (however designated) of capital stock, (iii) in the case of a partnership, partnership interests
(whether general or limited), (iv) in the case of a limited liability company, membership interests and (v) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or
distributions of assets of, the issuing Person. 
  
 “Cash
Equivalents” shall mean (i) securities issued or directly and fully guaranteed or insured by the United States of America or any agency or instrumentality thereof (provided that the full faith and credit of the United States of America
is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition (“Government Obligations”), (ii) U.S. dollar denominated (or foreign currency fully hedged) time deposits,
certificates of deposit, Eurodollar time deposits and Eurodollar certificates of deposit of (y) any domestic commercial bank of recognized standing having capital and surplus in excess of $250,000,000 or (z) any bank whose short-term
commercial paper rating at the time of the acquisition thereof is at least A-1 or the equivalent thereof from S&P or is at least P-1 or the equivalent thereof from Moody’s (any such bank being an “Approved Bank”), in each
case with maturities of not more than 364 days from the date of acquisition, (iii) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or
guaranteed by any domestic corporation rated at the time of the acquisition thereof A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent thereof) or better by Moody’s and maturing within nine months of the date of
acquisition, (iv) repurchase agreements with a bank or trust company (including a Lender) or a recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United
States of America, (v) obligations of any state of the United States or any political subdivision thereof for the payment of the principal and redemption price of and interest on which there shall have been irrevocably deposited Government
Obligations maturing as to principal and interest at times and in amounts sufficient to provide such payment, (vi) shares of any so-called “money market fund,” provided that such fund is registered under the Investment Company Act of
1940, has net assets of at least $100,000,000 and has an investment portfolio with an average maturity of 365 days or less and (vii) auction preferred stock rated in the highest short-term credit rating category by S&P or Moody’s.

  
 “Change of Control” shall mean the
occurrence of any of the following: (a) any “person” or “group” (within the meaning of Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934), other than the Sponsor, becomes the “beneficial owner” (as
defined in Rule l3d-3 under the Securities Exchange Act of 1934) of more than 35% of then outstanding Voting Stock of the Parent, measured by voting power rather than the number of shares and representing a greater percentage of such voting power
than that represented by the voting stock of the Parent then owned or controlled directly or indirectly by the Sponsor; (b) Continuing Directors shall cease for any reason to constitute a majority of the members of the board of directors of the
Parent then in office or (c) the Parent shall cease to own, directly or indirectly, 100% of the Voting Stock of the Borrower. 
  
 “Closing Date” shall mean the date of this Agreement. 
  
 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 
  

 9 

 “Collateral” shall mean a collective reference to the collateral which is identified in,
and at any time will be covered by, the Security Documents and any other collateral that may from time to time secure the Credit Party Obligations. 
  
 “Commitment” shall mean the Revolving Commitment, the LOC Commitment and the Swingline Commitment, individually or collectively, as
appropriate. 
  
 “Commitment Fee” shall have the
meaning set forth in Section 2.5(a). 
  
 “Commitment
Percentage” shall mean, for each Lender, the percentage identified as its Commitment Percentage on Schedule 1.1-4 hereto or in the Commitment Transfer Supplement pursuant to which such Lender became a Lender hereunder, as such percentage
may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c). 
  
 “Commitment Period” shall mean (a) with respect to Revolving Loans, the period from and including the Closing Date to but excluding
the Maturity Date and (b) with respect to Letters of Credit, the period from and including the Closing Date to but excluding the date that is 30 days prior to the Maturity Date. 
  
 “Commitment Transfer Supplement” shall mean a Commitment Transfer Supplement, substantially in the form of
Schedule 9.6(c). 
  
 “Commonly Controlled
Entity” shall mean an entity, whether or not incorporated, which is under common control with a Credit Party within the meaning of Section 4001 of ERISA or is part of a group which includes a Credit Party and which is treated as a
single employer under Section 414 of the Code. 
  
 “Comparable Register” shall have the meaning set forth in Section 9.6(d). 
  
 “Consolidated Capital Expenditures” shall mean, for any period, all capital expenditures of the Parent and its Subsidiaries on a
consolidated basis for such period, as determined in accordance with GAAP, excluding assets acquired with the proceeds of Asset Dispositions or Recovery Events. 
  

“Consolidated EBITDAR” shall mean, for any period, the sum of (i) Consolidated Net Income for such period, plus (ii), without
duplication, an amount which, in the determination of Consolidated Net Income for such period, has been deducted for (A) Consolidated Interest Expense, (B) total federal, state, local and foreign income, value added and similar taxes,
(C) depreciation, amortization expense and other non-cash charges (including charges relating to the grant or vesting of stock options, restricted stock grants or similar equity-based incentives), (D) Consolidated Rent Expense,
(E) pre-opening expenses in connection with new restaurants, (F) payments made pursuant to the Employment Separation Agreement, (G) payments of management fees to the Sponsor for any period prior to the Closing Date and payment to the
Sponsor of the Management Agreement Termination Fee, (H) FICA tax credits earned and (I) prepayment penalties and premiums and other debt exit costs paid and write-offs of deferred 

  

 10 

 
financing costs recognized in connection with the repayment of Indebtedness on the Closing Date, all as determined in accordance with GAAP to the extent
applicable. For purposes of determining compliance with the financial covenants set forth in Section 5.9 only, for the six months following the closing of Bertolini’s of Las Vegas, Inc. (“BLV”) for renovations, the
Borrower shall be permitted to add to Consolidated EBITDAR an amount equal to the Consolidated EBITDAR attributable to BLV for the same period during the previous fiscal year; provided, that (a) the foregoing addition to Consolidated
EBITDAR shall only be permitted once prior to the Maturity Date and (b) any actual Consolidated EBITDAR attributable to BLV for such six month period shall not be included in the calculation of Consolidated EBITDAR. 
  
 “Consolidated Fixed Charges” shall mean, for any period, the
sum of (i) the portion of Consolidated Interest Expense paid or payable in cash during such period plus (ii) Scheduled Funded Debt Payments for such period plus (iii) amounts paid or payable in cash in respect of
federal, state, local and foreign income, value added and similar taxes by the Parent and its Subsidiaries on a consolidated basis for such period (reduced by the amount of any refund of such taxes during such period) plus
(iv) Consolidated Rent Expense for such period plus (v) dividends, stock repurchases and other Restricted Payments made in cash by the Parent and its Subsidiaries during such period, all as determined in accordance with GAAP. For
the avoidance of doubt, separation payments made to Allen Bernstein pursuant to his Employment Separation Agreement shall not be included in the calculation of Consolidated Fixed Charges. 
  
 “Consolidated Interest Expense” shall mean, for any period, all interest expense of the Parent and its
Subsidiaries (including, without limitation, the interest component under Capital Leases and any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product), as determined in accordance with
GAAP. Notwithstanding the foregoing, for the purposes of calculating Consolidated Interest Expense for (a) the fiscal quarter ending April 2, 2006, Consolidated Interest Expense for such fiscal quarter shall be equal to the product of
(i) Consolidated Interest Expense for the period beginning on the Closing Date and ending on April 2, 2006 multiplied by (ii) (A) the number of days in such fiscal quarter divided by (B) the number of days in
the period beginning on the Closing Date and ending on April 2, 2006 and (b) the four fiscal quarters ending on each of April 2, 2006, July 2, 2006 and October 1, 2006, Consolidated Interest Expense shall be annualized
during such fiscal quarters such that (i) for the calculation of Consolidated Interest Expense as of April 2, 2006, Consolidated Interest Expense for the fiscal quarter then ending will be multiplied by four (4), (ii) for the
calculation of Consolidated Interest Expense as of July 2, 2006, Consolidated Interest Expense for the two fiscal quarter period then ending will be multiplied by two (2) and (iii) for the calculation of Consolidated Interest Expense
as of October 1, 2006, Consolidated Interest Expense for the three (3) fiscal quarter period then ending will be multiplied by one and one-third (1 1/3). For purposes of this Agreement, Consolidated Interest Expense shall be adjusted on a
pro forma basis, in a manner reasonably acceptable to the Administrative Agent, to give effect to any Indebtedness incurred, assumed or permanently repaid or extinguished during the applicable period in connection with any Permitted Acquisition or
any disposition permitted hereunder as if such incurrence, assumption, repayment or extinguishment had been effected on the first day of such period. 
  
 “Consolidated Net Income” shall mean, for any period, net income after taxes for such period of the Parent and its Subsidiaries on a
consolidated basis (excluding extraordinary and 

  

 11 

 
non-recurring items, goodwill impairment charges and currency translation expenses), as determined in accordance with GAAP. 
  
 “Consolidated Rent Expense” shall mean, for any period, all
cash rent expense of the Parent and its Subsidiaries on a consolidated basis for such period, as determined in accordance with GAAP. 
  
 “Consolidated Tangible Assets” shall mean, at any time, the amount representing the assets of the Parent and its Subsidiaries that would
appear on the consolidated balance sheet of the Parent and its Subsidiaries at such time prepared in accordance with GAAP, less goodwill and other intangibles. 
  

“Continuing Directors” shall mean, during any period of up to twenty four consecutive months commencing after the Closing Date,
individuals who at the beginning of such twenty four month period were directors of the Parent (together with any new director whose election by the Parent’s board of directors or whose nomination for election by the Parent’s shareholders
was approved by a vote of at least a majority of the directors then still in office who either were directors at the beginning of such period or whose election or nomination for election was previously so approved). 
  
 “Contractual Obligation” shall mean, as to any Person, any
provision of any security issued by such Person or of any agreement, instrument or undertaking to which such Person is a party or by which it or any of its property is bound. 
  
 “Copyright Licenses” shall mean any written agreement naming any Credit Party as licensor and granting any
right under any Copyright including, without limitation, any thereof referred to in Schedule 3.16. 
  
 “Copyrights” shall mean (a) all copyrights of the Credit Parties and their Subsidiaries in all Works, now existing or hereafter
created or acquired, all registrations and recordings thereof, and all applications in connection therewith, including, without limitation, registrations, recordings and applications in the United States Copyright Office or in any similar office or
agency of the United States, any state thereof or any other country or any political subdivision thereof, or otherwise including, without limitation, any thereof referred to in Schedule 3.16, and (b) all renewals thereof including,
without limitation, any thereof referred to in Schedule 3.16. 
  
 “Credit Documents” shall mean this Agreement, each of the Notes, any Joinder Agreement, the LOC Documents and the Security Documents. 
  

“Credit Party” shall mean any of the Borrower or the Guarantors. 
  
 “Credit Party Obligations” shall mean, without duplication, (a) all of the obligations, indebtedness
and liabilities of the Credit Parties to the Lenders (including the Issuing Lender) and the Administrative Agent, whenever arising, under this Credit Agreement, the Notes or any of the other Credit Documents (including principal, interest, fees,
reimbursements and indemnification obligations and other amounts and any interest accruing after the occurrence of a 

  

 12 

 
filing of a petition of bankruptcy under the Bankruptcy Code with respect to any Credit Party, regardless of whether such interest is an allowed claim under
the Bankruptcy Code) and (b) solely for purposes of the Security Documents and the Guaranty, all liabilities and obligations, whenever arising, owing from any Credit Party or any of their Subsidiaries to any Hedging Agreement Provider arising
under any Secured Hedging Agreement. 
  
 “Debt
Issuance” shall mean the issuance of any Indebtedness for borrowed money by any Credit Party or any of its Subsidiaries (excluding, for purposes hereof, any Equity Issuance or any Indebtedness of any Credit Party and its Subsidiaries
permitted to be incurred pursuant to Sections 6.1(a)-(l) hereof). 
  
 “Default” shall mean any event which would constitute an Event of Default, whether or not any requirement for the giving of notice or the lapse of time, or both, or any other condition with respect to such Event of Default,
has been satisfied. 
  
 “Defaulting Lender” shall
mean, at any time, any Lender that, at such time (a) has failed to make a Loan required pursuant to the terms of this Credit Agreement or failed to fund a Participation Interest in accordance with the terms hereof, (b) has failed to pay to
the Administrative Agent or any Lender an amount owed by such Lender pursuant to the terms of this Credit Agreement, or (c) has been deemed insolvent or has become subject to a bankruptcy or insolvency proceeding or to a receiver, trustee or
similar official. 
  
 “Deposit Account and Insurance
Letter” shall mean that letter, dated as of the Closing Date, from the Credit Parties to the Administrative Agent and the Lenders, setting forth certain information related to deposit accounts and insurance matters as required pursuant to
Sections 3.24 and 3.28. 
  
 “Discretionary Issuing
Lender” has the meaning specified in Section 2.3(j). 
  
 “Dollars” and “$” shall mean dollars in lawful currency of the United States of America. 
  
 “Domestic Lending Office” shall mean, initially, the office of each Lender designated as such Lender’s Domestic Lending Office in
such Lender’s Administrative Details form; and thereafter, such other office of such Lender as such Lender may from time to time specify to the Administrative Agent and the Company as the office of such Lender at which Alternate Base Rate Loans
of such Lender are to be made. 
  
 “Domestic
Subsidiary” shall mean any Subsidiary that is organized and existing under the laws of the United States or any state or commonwealth thereof or under the laws of the District of Columbia. 
  
 “Employment Separation Agreement” shall mean the letter
agreement dated as of December 30, 2005, between the Parent and Allen J. Bernstein. 
  
 “Environmental Laws” shall mean any and all applicable foreign, Federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances, codes, decrees, requirements of 

  

 13 

 
any Governmental Authority or other Requirement of Law (including common law) regulating, relating to or imposing liability or standards of conduct
concerning protection of human health or the environment, as now or may at any time be in effect during the term of this Agreement. 
  
 “Equity Issuance” shall mean any issuance by any Credit Party or any Subsidiary to any Person which is not a Credit Party or a Subsidiary
of (a) shares or interests of its Capital Stock, (b) any shares or interests of its Capital Stock pursuant to the exercise of options or warrants or other similar rights, (c) any shares or interests of its Capital Stock pursuant to
the conversion of any debt securities to equity or (d) warrants or options or other similar rights which are exercisable for or convertible into shares or interests of its Capital Stock. The term “Equity Issuance” shall not include
(i) any Asset Disposition, (ii) any Debt Issuance, (iii) any equity issuance to directors, officers or employees of any Credit Party or (iv) any equity issuance pursuant to the IPO. 
  
 “ERISA” shall mean the Employee Retirement Income Security
Act of 1974, as amended from time to time. 
  
 “Eurodollar
Reserve Percentage” shall mean for any day, the percentage (expressed as a decimal and rounded upwards, if necessary, to the next higher 1/100th of 1%) which is in effect for such day as prescribed by the Federal Reserve Board (or any
successor) for determining the maximum reserve requirement (including without limitation any basic, supplemental or emergency reserves) in respect of Eurocurrency liabilities, as defined in Regulation D of such Board as in effect from time to time,
or any similar category of liabilities for a member bank of the Federal Reserve System in New York City. 
  
 “Event of Default” shall mean any of the events specified in Section 7.1; provided, however, with respect to any such
event, that any requirement for the giving of notice or the lapse of time, or both, or any other condition with respect thereto, has been satisfied. 
  
 “Extension of Credit” shall mean, as to any Lender, the making of a Loan by such Lender or the issuance of, or participation in, a Letter
of Credit by such Lender. 
  
 “Federal Funds Effective
Rate” shall have the meaning set forth in the definition of “Alternate Base Rate”. 
  
 “Fee Letter” shall mean the letter agreement dated December 22, 2005 addressed to the Borrower from the Administrative Agent and the
Arrangers, as amended, modified or otherwise supplemented. 
  
 “FICA” shall mean the Federal Insurance Contributions Act in Title 26 of the United States Code. 
  
 “Fixed Charge Coverage Ratio” shall mean, with respect to the Parent and its Subsidiaries on a consolidated basis for the four quarter
period ending on the last day of any fiscal quarter of the Parent, the ratio of (i) Consolidated EBITDAR for such period to (ii) Consolidated Fixed Charges for such period. 
  

 14 

 “Flood Hazard Property” shall mean any Mortgaged Property that is in an area designated
by the Federal Emergency Management Agency as having special flood or mud slide hazards. 
  
 “Foreign Subsidiary” shall mean any Subsidiary that is not a Domestic Subsidiary. 
  
 “Fronting Fee” shall have the meaning set forth in Section 2.5(b). 
  
 “Funded Debt” shall mean, with respect to any Person, without duplication, (a) all obligations of such
Person for borrowed money, (b) all obligations of such person evidenced by bonds, debentures, notes or similar instruments, or upon which interest payments are customarily made, (c) all obligations of such Person under conditional sale or
other title retention agreements relating to property purchased by such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business), (d) all obligations
(including, without limitation, earnout obligations) of such Person incurred, issued or assumed as the deferred purchase price of property or services purchased by such Person (other than trade debt incurred in the ordinary course of business and
due within six months of the incurrence thereof) which would appear as liabilities on a balance sheet of such Person prepared in accordance with GAAP, (e) the principal portion of all obligations of such Person under Capital Leases,
(f) all obligations of such Person under Hedging Agreements which would appear as liabilities on a balance sheet of a Person prepared in accordance with GAAP, excluding any portion thereof which would be accounted for as interest expense under
GAAP, (g) the maximum amount of all letters of credit issued or bankers’ acceptances facilities created for the account of such Person and, without duplication, all drafts drawn thereunder (to the extent unreimbursed), (h) all
preferred Capital Stock or other equity interests issued by such Person and which by the terms thereof could be (at the request of the holders thereof or otherwise) subject to mandatory sinking fund payments, redemption or other acceleration,
(i) the principal balance outstanding under any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product, (j) all Indebtedness of others of the type described in clauses
(a) through (i) hereof secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, property owned or acquired by
such Person, whether or not the obligations secured thereby have been assumed, (k) all Guaranty Obligations of such Person with respect to Indebtedness of another Person of the type described in clauses (a) through (i) hereof (the
amount of which shall be deemed to be the lower of the maximum liability of such Person thereunder or the maximum reasonably anticipated amount of such other Person’s Indebtedness), and (l) all Indebtedness of the type described in clauses
(a) through (i) hereof of any partnership or unincorporated joint venture in which such Person is a general partner or a joint venturer, but only to the extent to which there is recourse to such Person; provided, however,
that with respect to Funded Debt of the Parent and its Subsidiaries, Funded Debt shall not include Subordinated Indebtedness among the Borrower and the Guarantors to the extent such Indebtedness would be eliminated on a consolidated basis.

  
 “GAAP” shall mean generally accepted
accounting principles in effect in the United States of America applied on a consistent basis, subject, however, in the case of determination of compliance with the financial covenants set out in Section 5.9, to the provisions of
Section 1.3. 
  

 15 

 “Government Acts” shall have the meaning set forth in Section 2.19. 
  
 “Governmental Approvals” shall mean all authorizations,
consents, approvals, permits, licenses and exemptions of, registrations and filings with, and reports to, all Governmental Authorities. 
  
 “Governmental Authority” shall mean any nation or government, any state or other political subdivision thereof and any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 
  
 “Guaranty Obligations” shall mean, with respect to any Person, without duplication, any obligations of such Person (other than
endorsements in the ordinary course of business of negotiable instruments for deposit or collection) guaranteeing or intended to guarantee any Indebtedness of any other Person in any manner, whether direct or indirect, and including without
limitation any obligation, whether or not contingent, (i) to purchase any such Indebtedness or any property constituting security therefor, (ii) to advance or provide funds or other support for the payment or purchase of any such
Indebtedness or to maintain working capital, solvency or other balance sheet condition of such other Person (including without limitation keep well agreements, maintenance agreements, comfort letters or similar agreements or arrangements) for the
benefit of any holder of Indebtedness of such other Person, (iii) to lease or purchase Property, securities or services primarily for the purpose of assuring the holder of such Indebtedness, or (iv) to otherwise assure or hold harmless the
holder of such Indebtedness against loss in respect thereof. The amount of any Guaranty Obligation hereunder shall (subject to any limitations set forth therein) be deemed to be an amount equal to the outstanding principal amount (or maximum
principal amount, if larger) of the Indebtedness in respect of which such Guaranty Obligation is made. 
  
 “Guarantor” shall have the meaning set forth in the first paragraph of this Agreement. 
  
 “Guaranty” shall mean the guaranty of the Guarantors set
forth in Article X. 
  
 “Hedging Agreement
Provider” shall mean any Person that enters into a Secured Hedging Agreement with a Credit Party or any of its Subsidiaries that is permitted by Section 6.1(e) to the extent such Person is a Lender, an Affiliate of a Lender or any
other Person that was a Lender (or an Affiliate of a Lender) at the time it entered into the Secured Hedging Agreement but has ceased to be a Lender (or whose Affiliate has ceased to be a Lender) under the Credit Agreement; provided, in the
case of a Secured Hedging Agreement with a Person who is no longer a Lender, such Person shall be considered a Hedging Agreement Provider only through the stated maturity date (without extension or renewal) of such Secured Hedging Agreement.

  
 “Hedging Agreements” shall mean, with respect
to any Person, any agreement entered into to protect such Person against fluctuations in interest rates, or currency or raw materials values, including, without limitation, any interest rate swap, cap or collar agreement or similar arrangement
between such Person and one or more counterparties, any foreign currency exchange agreement, currency protection agreements, commodity purchase or option agreements or other interest or exchange rate or commodity price hedging agreements.

  

 16 

 “Inactive Subsidiary” shall mean each Subsidiary of the Parent that (a) does not
engage in any type of business activity, (b) does not create, incur, assume or permit to exist any Indebtedness or any Guaranty Obligations, and (c) does not own any of the Capital Stock of any Credit Party. 
  
 “Incremental Revolving Facility” shall have the meaning set
forth in Section 2.2(a). 
  
 “Incremental Term
Facility” shall have the meaning set forth in Section 2.2(b). 
  
 “Indebtedness” shall mean, with respect to any Person, without duplication, (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds,
debentures, notes or similar instruments, or upon which interest payments are customarily made, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property purchased by such Person (other
than customary reservations or retentions of title under agreements with suppliers entered into in the ordinary course of business), (d) all obligations (including, without limitation, earnout obligations) of such Person issued or assumed as
the deferred purchase price of property or services purchased by such Person (other than trade debt incurred in the ordinary course of business and due within six months of the incurrence thereof) which would appear as liabilities on a balance sheet
of such Person, (e) Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, property owned
or acquired by such Person, whether or not the obligations secured thereby have been assumed, (f) all Guaranty Obligations of such Person with respect to Indebtedness of another Person, (g) the principal portion of all obligations of such
Person under Capital Leases plus any accrued interest thereon, (h) all obligations of such Person under Hedging Agreements, (i) the maximum amount of all letters of credit issued or bankers’ acceptances facilities created for the
account of such Person and, without duplication, all drafts drawn thereunder (to the extent unreimbursed), (j) all preferred Capital Stock issued by such Person and which by the terms thereof could be (at the request of the holders thereof or
otherwise) subject to mandatory sinking fund payments, redemption or other acceleration prior to the date that is six (6) months after the Maturity Date, (k) the principal balance outstanding under any synthetic lease, tax retention
operating lease, off-balance sheet loan or similar off-balance sheet financing product plus any accrued interest thereon, and (l) the Indebtedness of any partnership or unincorporated joint venture in which such Person is a general partner or a
joint venturer, but only to the extent of which there is recourse to such Person. 
  
 “Insolvency” shall mean, with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of such term as used in Section 4245 of ERISA. 
  
 “Insolvent” shall mean being in a condition of Insolvency.

  
 “Intellectual Property” shall mean,
collectively, all Copyrights, Copyright Licenses, Patents, Patent Licenses, Trademarks and Trademark Licenses. 
  
 “Interest Payment Date” shall mean (a) as to any Alternate Base Rate Loan or Swingline Loan, the last Business Day of each March,
June, September and December during the term of 

  

 17 

 
this Agreement and on the Maturity Date, (b) as to any LIBOR Rate Loan having an Interest Period of three months or less, the last day of such Interest
Period, (c) as to any LIBOR Rate Loan having an Interest Period longer than three months, (i) each three month anniversary following the first day of such Interest Period and (ii) the last day of such Interest Period and (d) as
to any Loan which is the subject of a mandatory prepayment required pursuant to Section 2.7(b) hereof, the date of such prepayment. 
  
 “Interest Period” shall mean, with respect to any LIBOR Rate Loan, 
  
 (i) initially, the period commencing on the Borrowing Date or conversion date, as the case may be, with
respect to such LIBOR Rate Loan and ending one, two, three or six months thereafter, as selected by the Borrower in the Notice of Borrowing or Notice of Conversion given with respect thereto; and 
  
 (ii) thereafter, each period commencing on the last day of
the immediately preceding Interest Period applicable to such LIBOR Rate Loan and ending one, two, three or six months thereafter, as selected by the Borrower by irrevocable notice to the Administrative Agent not less than three Business Days prior
to the last day of the then current Interest Period with respect thereto; 
  
 provided that the foregoing provisions are subject to the following: 
  
 (A) if any Interest Period pertaining to a LIBOR Rate Loan would otherwise end on a day that is not a Business Day, such Interest Period
shall be extended to the next succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day;

  
 (B) any Interest Period pertaining to a LIBOR
Rate Loan that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the relevant calendar
month; 
  
 (C) if the Borrower shall fail to give
notice as provided above, the Borrower shall be deemed to have selected an Alternate Base Rate Loan to replace the affected LIBOR Rate Loan; 
  
 (D) any Interest Period in respect of any Loan that would otherwise extend beyond the Maturity Date shall end on the Maturity Date; and

  
 (E) no more than eight (8) LIBOR Rate
Loans may be in effect at any time; provided that, for purposes hereof, LIBOR Rate Loans with different Interest Periods shall be considered as separate LIBOR Rate Loans, even if they shall begin on the same date and have the same duration,
although borrowings, extensions and conversions may, in accordance with the provisions hereof, be 

  

 18 

 
combined at the end of existing Interest Periods to constitute a new LIBOR Rate Loan with a single Interest Period. 
  
 “Internal Control Event” shall mean a material weakness in,
or fraud that involves management or other employees who have a significant role in, any Credit Party’s internal controls over financial reporting, in each case as described in the Securities Laws. 
  
 “Investment” shall mean all investments made directly or
indirectly by any Person in the shares of Capital Stock, property, assets, indebtedness or other obligations or securities of another Person, or by loan, advance, capital contribution or otherwise. 
  
 “IPO” shall mean an equity issuance on or before the Closing
Date by the Parent consisting of a primary public offering of the common Capital Stock of the Parent (i) pursuant to the Transaction Documents (including without limitation an effective registration statement filed with the Securities and
Exchange Commission in accordance with the Securities Act) and (ii) resulting in net cash proceeds to the Parent of at least $75,000,000. 
  
 “Issuing Lender” shall mean the Administrative Agent, any Discretionary Issuing Lender and any successor in such capacity. 
  
 “Issuing Lender Fees” shall have the meaning set forth in
Section 2.5(c). 
  
 “Joinder Agreement”
shall mean a Joinder Agreement substantially in the form of Schedule 5.10, executed and delivered by an Additional Credit Party in accordance with the provisions of Section 5.10. 
  
 “Letters of Credit” shall mean any letter of credit issued
by the Issuing Lender pursuant to the terms hereof, as such Letters of Credit may be amended, modified, extended, renewed or replaced from time to time. 
  
 “Letter of Credit Fee” shall have the meaning set forth in Section 2.5(b). 
  
 “LIBOR” shall mean, for any LIBOR Rate Loan for any Interest
Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Telerate Page 3750 (or any successor page) as the London interbank offered rate for deposits in Dollars at approximately 11:00 A.M. (London
time) two Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period. If for any reason such rate is not available, the term “LIBOR” shall mean, for any LIBOR Rate Loan for any Interest
Period therefor, the rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) appearing on Reuters Screen LIBO Page as the London interbank offered rate for deposits in Dollars at approximately 11:00 A.M. (London time) two Business
Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, if more than one rate is specified on Reuters Screen LIBO Page, the applicable rate shall be the arithmetic mean of
all such rates (rounded upwards, if necessary, to the nearest 1/100 of 1%). If, for any reason, neither of such rates is available, then “LIBOR” shall mean the rate per annum at which, as determined by the Administrative Agent in
accordance with its customary practices, Dollars in an amount 

  

 19 

 
comparable to the Loans then requested are being offered to leading banks at approximately 11:00 A.M. London time, two Business Days prior to the
commencement of the applicable Interest Period for settlement in immediately available funds by leading banks in the London interbank market for a period equal to the Interest Period selected. 
  
 “LIBOR Lending Office” shall mean, initially, the office(s)
of each Lender designated as such Lender’s LIBOR Lending Office in such Lender’s Administrative Details Form; and thereafter, such other office of such Lender as such Lender may from time to time specify to the Administrative Agent and the
Company as the office of such Lender at which the LIBOR Rate Loans of such Lender are to be made. 
  
 “LIBOR Rate” shall mean a rate per annum (rounded upwards, if necessary, to the next higher 1/100th of 1%) determined by the
Administrative Agent pursuant to the following formula: 
  

					
	LIBOR Rate =	  	LIBOR	  	 
	 	  	1.00 - Eurodollar Reserve Percentage	  	 

  
 “LIBOR Rate
Loan” shall mean Loans the rate of interest applicable to which is based on the LIBOR Rate. 
  
 “Lien” shall mean any mortgage, pledge, hypothecation, collateral assignment, deposit arrangement, encumbrance, lien (statutory or
other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever for the purpose of securing payment or performance of an obligation (including, without
limitation, any conditional sale or other title retention agreement and any Capital Lease having substantially the same economic effect as any of the foregoing). 
  
 “Liquidation Event” shall have the meaning set forth in Section 7.1. 
  
 “Loan” shall mean a Revolving Loan and/or a Swingline Loan,
as appropriate. 
  
 “LOC Commitment” shall mean
the commitment of the Issuing Lender to issue Letters of Credit and with respect to each Lender, the commitment of such Lender to purchase participation interests in the Letters of Credit up to such Lender’s LOC Commitment as specified in
Schedule 1.1-4 or in the Register, as such amount may be reduced from time to time in accordance with the provisions hereof. 
  
 “LOC Committed Amount” shall mean, collectively, the aggregate amount of all of the LOC Commitments of the Lenders to issue and
participate in Letters of Credit as referenced in Section 2.3 and, individually, the amount of each Lender’s LOC Commitment as specified in Schedule 1.1-4 or in the Commitment Transfer Supplement. 
  
 “LOC Documents” shall mean, with respect to any Letter of
Credit, such Letter of Credit, any amendments thereto, any documents delivered in connection therewith, any application therefor, and any agreements, instruments, guarantees or other documents (whether general in 

  

 20 

 
application or applicable only to such Letter of Credit) governing or providing for (i) the rights and obligations of the parties concerned or
(ii) any collateral security for such obligations. 
  
 “LOC Obligations” shall mean, at any time, the sum of (i) the maximum amount which is, or at any time thereafter may become, available to be drawn under Letters of Credit then outstanding, assuming compliance with all
requirements for drawings referred to in such Letters of Credit plus (ii) the aggregate amount of all drawings under Letters of Credit honored by the Issuing Lender but not theretofore reimbursed. 
  
 “Management Agreement Termination Fee” shall mean the fees
and expenses, estimated to be approximately $8.4 million, to pay the termination fee in connection with the termination of MHLLC’s management agreement with Castle Harlan, Inc. and related documentation. 
  
 “Mandatory LOC Borrowing” shall have the meaning set forth
in Section 2.3(e). 
  
 “Mandatory Swingline
Borrowing” shall have the meaning set forth in Section 2.4(b)(ii). 
  
 “Material Adverse Effect” shall mean a material adverse effect on (a) the business, operations, property or condition (financial or otherwise) of the Credit Parties and their Subsidiaries taken
as a whole, (b) the ability of the Borrower or any Guarantor to perform its obligations, when such obligations are required to be performed, under this Agreement, any of the Notes or any other material Credit Document or (c) the validity
or enforceability of this Agreement, any of the Notes or any of the other material Credit Documents or the rights or remedies of the Administrative Agent or the Lenders hereunder or thereunder. 
  
 “Material Contract” shall mean any contract or other
arrangement, whether written or oral, to which any Credit Party or any of its Subsidiaries is a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected to have a Material
Adverse Effect. 
  
 “Materials of Environmental
Concern” shall mean any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or wastes, defined or regulated as such in or under any Environmental Law,
including, without limitation, asbestos, polychlorinated biphenyls and urea-formaldehyde insulation. 
  
 “Maturity Date” shall mean the fifth anniversary of the Closing Date. 
  
 “Moody’s” shall mean Moody’s Investors Service, Inc. 
  
 “Mortgage Instrument” shall mean any mortgage, deed of trust
or deed to secure debt executed by a Credit Party in favor of the Administrative Agent, for the benefit of the Lenders, pursuant to the terms of Section 5.10 or 5.12, as the same may be amended, modified, restated or supplemented from time to
time. 
  
 “Mortgaged Property” shall mean any
owned real property of a Credit Party with respect to which such Credit Party executes a Mortgage Instrument in favor of the Administrative Agent. 
  

 21 

 “Multiemployer Plan” shall mean a Plan which is a multiemployer plan as defined in
Section 4001(a)(3) of ERISA. 
  
 “Net Cash
Proceeds” shall mean the aggregate cash proceeds received by any Credit Party or any Subsidiary in respect of any Asset Disposition or Debt Issuance, net of (a) direct costs paid or payable as a result thereof (including, without
limitation, reasonable legal, accounting and investment banking fees, brokerage fees, survey costs, sales commissions and other customary fees, costs and expenses actually incurred in connection with such Asset Disposition or Debt Issuance),
(b) taxes (including any documentary, transfer or other taxes) paid or payable as a result thereof, (c) payment of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans)
that is secured by a Permitted Lien on the stock or assets in question and that is required to be repaid under the terms thereof as a result of any Asset Disposition and (d) a reasonable reserve for any indemnification payments (fixed or
contingent) attributable to the seller’s indemnities and representations and warranties to the purchaser in respect of such Asset Disposition including, without limitation, pension, other post-employment benefit liabilities, other liabilities
related to environmental matters and liabilities under indemnification obligations associated with such Asset Disposition; it being understood that “Net Cash Proceeds” shall include, without limitation, any cash received upon the sale or
other disposition of any non-cash consideration received by any Credit Party or any Subsidiary in respect of any Asset Disposition or Debt Issuance. 
  
 “Note” or “Notes” shall mean the Revolving Notes and/or the Swingline Note, collectively, separately or individually, as
appropriate. 
  
 “Notice of Borrowing” shall mean
a request for a Revolving Loan borrowing pursuant to Section 2.1(b)(i) or a Swingline Loan borrowing pursuant to Section 2.4(b)(i), as appropriate, in substantially the form attached as Schedule 2.1(b)(i). 
  
 “Notice of Conversion/Extension” shall mean the written
notice of extension or conversion as referenced and defined in Section 2.10. 
  
 “Obligations” shall mean, collectively, Loans and LOC Obligations. 
  
 “Participant” shall have the meaning set forth in Section 9.6(b). 
  
 “Participant Register” shall have the meaning set forth in Section 9.6(d). 
  
 “Participation Interest” shall mean the purchase by a Lender
of a participation interest in Letters of Credit as provided in Section 2.3 and in Swingline Loans as provided in Section 2.4. 
  
 “Patent License” shall mean all agreements, whether written or oral, providing for the grant by or to a Credit Party of any right to
manufacture, use or sell any invention covered by a Patent, including, without limitation, any thereof referred to in Schedule 3.16. 
  

 22 

 “Patents” shall mean (a) all letters patent of the United States or any other
country and all reissues and extensions thereof, including, without limitation, any thereof referred to in Schedule 3.16, and (b) all applications for letters patent of the United States or any other country and all divisions,
continuations and continuations-in-part thereof, including, without limitation, any thereof referred to in Schedule 3.16. 
  
 “PBGC” shall mean the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA. 
  
 “Permitted Acquisition” shall mean an acquisition or any
series of related acquisitions by a Credit Party of (a) all or substantially all of the assets or a majority of the outstanding Voting Stock or economic interests of a Person that is incorporated, formed or organized in the United States
or (b) any division, line of business or other business unit of a Person (such Person or such division, line of business or other business unit of such Person shall be referred to herein as the “Target”), in each case that is a
type of business (or assets used in a type of business) permitted to be engaged in by the Credit Parties and their Subsidiaries pursuant to Section 6.3 hereof, so long as (i) no Default or Event of Default shall then exist or would exist
after giving effect thereto, (ii) the Credit Parties shall demonstrate to the reasonable satisfaction of the Administrative Agent and the Required Lenders that, after giving effect to the acquisition on a pro forma basis, (A) the Adjusted
Leverage Ratio shall each be less than or equal to the ratio that is 0.25 lower than the applicable ratio then required under Sections 5.9(a) and (B) the Credit Parties are in compliance with each of the financial covenants set forth in
Sections 5.9 (b) and (c), (iii) the Administrative Agent, on behalf of the Lenders, shall have received (or shall receive in connection with the closing of such acquisition) a first priority perfected security interest in all property
(including, without limitation, Capital Stock) acquired with respect to the Target in accordance with the terms of Sections 5.10 and 5.12 and the Target, if a Person, shall have executed a Joinder Agreement in accordance with the terms of
Section 5.10, (iv) the Administrative Agent and the Lenders shall have received (A) a description of the material terms of such acquisition, (B) audited financial statements (or, if unavailable, management-prepared financial
statements) of the Target for its two most recent fiscal years and for any fiscal quarters ended within the fiscal year to date and (C) consolidated projected income statements of the Parent and its Subsidiaries (giving effect to such
acquisition), all in form and substance reasonably satisfactory to the Administrative Agent, (v) the Target shall have earnings before interest, taxes, depreciation and amortization for the four fiscal quarter period prior to the acquisition
date in an amount greater than $0, (vi) such acquisition shall not be a “hostile” acquisition and shall have been approved by the Board of Directors and/or shareholders of the applicable Credit Party and the Target, (vii) after
giving effect to such acquisition, there shall be at least $25,000,000 of Accessible Borrowing Availability under the Revolving Committed Amount and (viii) the aggregate consideration (including without limitation equity consideration, earn
outs or deferred compensation or non-competition arrangements and the amount of Indebtedness and other liabilities assumed by the Credit Parties and their Subsidiaries), net of the Target’s cash and Cash Equivalents, paid by the Credit Parties
and their Subsidiaries (A) in connection with any such acquisition shall not exceed $20,000,000, (B) for all acquisitions made during the term of this Agreement shall not exceed $60,000,000 and (C) for all acquisitions of Persons that
are not incorporated, formed or organized in the United States made during the term of this Agreement, when aggregated with the amount of Investments made in joint ventures and 

  

 23 

 
Foreign Subsidiaries permitted pursuant to clause (x) of the definition of Permitted Investments, shall not exceed $20,000,000. 
  
 “Permitted Investments” shall mean: 
  
 (i) cash and Cash Equivalents; 
  
 (ii) receivables owing to the Parent or any of its
Subsidiaries or any receivables and advances to suppliers, in each case if created, acquired or made in the ordinary course of business and payable or dischargeable in accordance with customary trade terms; 
  
 (iii) Investments in and loans by any Credit Party to any
other Credit Party; 
  
 (iv) loans and advances
to employees in the ordinary course of business in an aggregate amount not to exceed $1,000,000 at any time outstanding and not in violation of Sarbanes-Oxley or any other Requirement of Law; 
  
 (v) Investments (including debt obligations) received in
connection with the bankruptcy or reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business; 
  
 (vi) Investments, acquisitions or transactions permitted
under Section 6.4(b); 
  
 (vii) Investments
existing as of the Closing Date, as set forth on Schedule 1.1-2; 
  
 (viii) Hedging Agreements permitted pursuant to Section 6.1(e); 
  
 (ix) non-cash consideration from Asset Dispositions permitted under Section 6.4(a); 
  
 (x) investments in joint ventures and Foreign Subsidiaries,
when aggregated with the aggregate consideration for acquisitions of Persons that are not incorporated, formed or organized in the United States made pursuant to clause (viii)(C) of the definition Permitted Acquisitions, in an amount not to exceed
$40,000,000 in the aggregate at any time outstanding; 
  
 (xi) Permitted Acquisitions; and 
  
 (xii) additional loan advances and/or Investments of a nature not contemplated by the foregoing clauses hereof, provided that such loans, advances and/or Investments made pursuant to this clause shall not exceed an aggregate amount
of $5,000,000. 
  

 24 

 “Permitted Liens” shall mean: 
  
 (i) Liens created by or otherwise existing, under or in
connection with this Agreement or the other Credit Documents in favor of the Lenders; 
  
 (ii) Liens in favor of a Hedging Agreement Provider in connection with a Secured Hedging Agreement, but only if such Hedging Agreement
Provider and the Administrative Agent, on behalf of the Lenders, shall share pari passu in the collateral subject to such Liens; 
  
 (iii) Liens securing purchase money Indebtedness and Capital Lease Obligations to the extent permitted under Section 6.1(c);
provided, that (A) any such Lien attaches to such property concurrently with or within ninety days after the acquisition thereof and (B) such Lien attaches solely to the property so acquired in such transaction; 
  
 (iv) Liens for taxes, assessments, charges or other
governmental levies (A) not yet due or as to which the period of grace, if any, related thereto has not expired or (B) which are being contested in good faith by appropriate proceedings, and for which adequate reserves with respect thereto
are maintained on the books of the any Credit Party or its Subsidiaries, as the case may be, in conformity with GAAP; 
  
 (v) carriers’, warehousemen’s, landlord’s, mechanics’, materialmen’s, repairmen’s or other like Liens
arising in the ordinary course of business which are not overdue for a period of more than sixty days or which are being contested in good faith by appropriate proceedings; 
  
 (vi) pledges or deposits in connection with workers’ compensation, unemployment insurance and other
social security legislation and deposits securing liability to insurance carriers under insurance or self-insurance arrangements incurred in the ordinary course of business; 
  
 (vii) deposits to secure the performance of bids, trade contracts (other than for borrowed money), leases,
statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 
  
 (viii) any extension, renewal or replacement (or successive extensions, renewals or replacements), in whole or in part, of any Lien
referred to in the foregoing clauses; provided that such extension, renewal or replacement Lien shall be limited to all or a part of the property which secured the Lien so extended, renewed or replaced; 
  
 (ix) Liens existing on the Closing Date and set forth on
Schedule 1.1-3 and any extension, renewal or replacement (or successive extensions, renewals or replacements), in whole or in part, of any such Lien; provided that such extension, renewal or replacement Lien shall be limited to all or
a part of the property which secured the Lien so extended, renewed or replaced; provided that no such Lien shall at any time be 

  

 25 

 
extended to cover property or assets other than the property or assets subject thereto on the Closing Date; 
  
 (x) easements, rights-of-way, restrictions (including zoning
restrictions), minor defects or irregularities in title and other similar charges or encumbrances not, in any material respect, impairing the use of the encumbered Property for its intended purposes; 
  
 (xi) Liens on equipment arising from precautionary UCC
financing statements relating to the lease of such equipment to the extent permitted by this Agreement; 
  
 (xii) other Liens on real estate owned by a Credit Party on or before the Closing Date securing Indebtedness permitted under
Section 6.1(h); 
  
 (xiii) Liens arising out
of judgments, attachments or awards not resulting in an Event of Default and in respect of which the relevant Credit Party shall in good faith be prosecuting an appeal or proceedings for review in respect of which there shall be secured a subsisting
stay of execution pending such appeal or proceedings; 
  
 (xiv) normal and customary Liens, rights of setoff and recoupment rights upon deposits of cash in favor of banks or other depository institutions relating to due and unpaid bank fees, bank charges, returned checks and chargebacks, and other
normal and customary obligations associated with the maintenance of deposit accounts by such banks or other depository institutions; and 
  
 (xv) other Liens securing obligations not to exceed $500,000 in an aggregate principal amount outstanding at any time. 
  
 “Person” shall mean an individual, partnership, corporation,
limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 
  
 “Plan” shall mean, at any particular time, any employee benefit plan which is covered by Title IV of ERISA
and in respect of which any Credit Party or a Commonly Controlled Entity is an “employer” as defined in Section 3(5) of ERISA. 
  
 “Pledge Agreement” shall mean the Pledge Agreement dated as of the Closing Date executed by the Credit Parties in favor of the
Administrative Agent, as amended, modified, restated or supplemented from time to time. 
  
 “Prime Rate” shall have the meaning set forth in the definition of Alternate Base Rate. 
  
 “Pro Forma Basis” shall mean, with respect to any transaction, that such transaction shall be deemed to have occurred as of the
first day of the twelve-month period ending as of the most recent month end preceding the date of such transaction. 
  
 “Properties” shall have the meaning set forth in Section 3.10(a). 
  

 26 

 “Purchasing Lender” shall have the meaning set forth in Section 9.6(c). 

 
 “Rating Agencies” shall have the meaning set forth in
Section 9.6(i). 
  
 “Recovery Event” shall
mean the receipt by any Credit Party or any of its Subsidiaries of any cash insurance proceeds or condemnation award payable by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of their property or
assets. 
  
 “Register” shall have the meaning set
forth in Section 9.6(d). 
  
 “Reimbursement
Obligation” shall mean the obligation of the Borrower to reimburse the Issuing Lender pursuant to Section 2.3(d) for amounts drawn under Letters of Credit. 
  
 “Reorganization” shall mean, with respect to any Multiemployer Plan, the condition that such Plan is in
reorganization within the meaning of such term as used in Section 4241 of ERISA. 
  
 “Reportable Event” shall mean any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the thirty-day notice period is waived under PBGC Reg. §4043.

  
 “Required Lenders” shall mean, at any time,
Lenders holding more than fifty percent of (a) the outstanding Revolving Commitments or (b) if the Commitments have been terminated, the outstanding Loans and Participation Interests; provided, however, that if any Lender
shall be a Defaulting Lender at such time, then there shall be excluded from the determination of Required Lenders, Obligations (including Participation Interests) owing to such Defaulting Lender and such Defaulting Lender’s Commitments, or
after termination of the Commitments, the principal balance of the Obligations owing to such Defaulting Lender. 
  
 “Requirement of Law” shall mean, as to any Person, the Certificate of Incorporation and By-laws or other organizational or governing
documents of such Person, and each law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or
any of its property is subject. 
  
 “Responsible
Officer” shall mean, for any Credit Party, any duly authorized officer thereof. 
  
 “Restricted Payments” shall mean (a) any dividend or other distribution, direct or indirect, on account of any shares of any class of Capital Stock of the Parent or any of its Subsidiaries, now
or hereafter outstanding, (b) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of Capital Stock of the Parent or any of its Subsidiaries, now or
hereafter outstanding, (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of Capital Stock of the Parent or any of its Subsidiaries, now or 

  

 27 

 
hereafter outstanding, (d) any payment or prepayment of principal of, premium, if any, or interest on, redemption, purchase, retirement, defeasance,
sinking fund or similar payment with respect to, any Subordinated Indebtedness or (e) the payment by the Parent or any of its Subsidiaries of any management, advisory or consulting fee, or of any salary, bonus or other form of compensation to
any Person who is directly or indirectly a holder of Capital Stock of the Parent or any of its Subsidiaries. 
  
 “Revolving Commitment” shall mean, with respect to each Lender, the commitment of such Lender to make Revolving Loans in an aggregate
principal amount at any time outstanding up to an amount equal to such Lender’s Commitment Percentage of the Revolving Committed Amount. 
  
 “Revolving Committed Amount” shall have the meaning set forth in Section 2.1(a). 
  
 “Revolving Lender” shall mean, as of any date of
determination, a Lender holding a Revolving Commitment on such date. 
  
 “Revolving Loans” shall have the meaning set forth in Section 2.1. 
  
 “Revolving Note” or “Revolving Notes” shall mean the promissory notes of the Borrower in favor of each of the Lenders
evidencing the Revolving Loans provided pursuant to Section 2.1(e), individually or collectively, as appropriate, as such promissory notes may be amended, modified, restated, supplemented, extended, renewed or replaced from time to time.

  
 “S&P” shall mean Standard &
Poor’s Ratings Group, a division of McGraw Hill, Inc. 
  
 “Sarbanes-Oxley” shall mean the Sarbanes-Oxley Act of 2002. 
  
 “Scheduled Funded Debt Payments” shall mean, as of any date of determination for the Parent and its Subsidiaries, the sum of all scheduled payments of principal on Funded Debt for the applicable
period ending on the date of determination (including the principal component of payments due on Capital Leases and any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product during the
applicable period ending on the date of determination). 
  
 “SEC” shall mean the Securities and Exchange Commission or any successor Governmental Authority. 
  
 “Secured Hedging Agreement” shall mean any Hedging Agreement between a Credit Party and a Hedging Agreement Provider, as amended,
modified, supplemented, extended or restated from time to time. 
  
 “Securities Act” shall mean the Securities Act of 1933, together with any amendment thereto or replacement thereof and any rules or regulations promulgated thereunder. 
  

 28 

 “Securities Laws” shall mean the Securities Act, the Securities Exchange Act of 1934,
Sarbanes-Oxley and the applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the Public Company Accounting Oversight Board, as each of the foregoing may be amended and in
effect on any applicable date hereunder. 
  
 “Securitization” shall have the meaning set forth in Section 9.6(i). 
  
 “Security Agreement” shall mean the Security Agreement dated as of the Closing Date executed by the Credit Parties in favor of the
Administrative Agent, as amended, modified or supplemented from time to time in accordance with its terms. 
  
 “Security Documents” shall mean the Security Agreement, the Pledge Agreement, the Mortgage Instruments and such other documents executed
and delivered and/or filed in connection with the attachment and perfection of the Administrative Agent’s security interests and liens arising thereunder, including, without limitation, UCC financing statements and patent, trademark and
copyright filings. 
  
 “Single Employer Plan”
shall mean any Plan which is not a Multiemployer Plan. 
  
 “Sponsor” means (i) Castle Harlan Partners III, L.P. or any Affiliate or limited partner thereof or any fund or account controlled or managed by or under common control with Castle Harlan Partners III, L.P. or any
Affiliate or limited partner thereof, and (ii) Castle Harlan, Inc. and employees, management and directors of, and pooled investment vehicles managed by, any of the foregoing, their limited partners and their respective Affiliates. 

 
 “Subordinated Indebtedness” shall mean any Indebtedness
incurred by any Credit Party subject to subordination provisions acceptable to the Administrative Agent. 
  
 “Subsidiary” shall mean, as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock
or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such
corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise qualified, all references to a
“Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of the Parent. 
  
 “Swingline Commitment” shall mean the commitment of the Swingline Lender to make Swingline Loans in an aggregate principal amount at any
time outstanding up to the Swingline Committed Amount, and the commitment of the Lenders to purchase participation interests in the Swingline Loans as provided in Section 2.4(b)(ii), as such amounts may be reduced from time to time in
accordance with the provisions hereof. 
  

 29 

 “Swingline Committed Amount” shall mean the amount of the Swingline Lender’s
Swingline Commitment as specified in Section 2.4(a). 
  
 “Swingline Lender” shall mean the Administrative Agent. 
  
 “Swingline Loan” or “Swingline Loans” shall have the meaning set forth in Section 2.4(a). 
  

“Swingline Note” shall mean the promissory note of the Borrower in favor of the Swingline Lender evidencing the Swingline Loans
provided pursuant to Section 2.4(d), as such promissory note may be amended, modified, supplemented, extended, renewed or replaced from time to time. 
  
 “Tax Exempt Certificate” shall have the meaning set forth in Section 2.18(b). 
  
 “Taxes” shall have the meaning set forth in
Section 2.18. 
  
 “Threshold Requirement”
shall have the meaning set forth in Section 5.10. 
  
 “Trademark License” shall mean any agreement, written or oral, providing for the grant by or to a Credit Party of any right to use any Trademark, including, without limitation, any thereof referred to in Schedule
3.16. 
  
 “Trademarks” shall mean
(a) all trademarks, trade names, corporate names, company names, business names, fictitious business names, service marks, elements of package or trade dress of goods or services, logos and other source or business identifiers, together with
the goodwill associated therewith, now existing or hereafter adopted or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the United States Patent and Trademark Office or in any similar
office or agency of the United States, any State thereof or any other country or any political subdivision thereof, or otherwise, including, without limitation, any thereof referred to in Schedule 3.16 to this Credit Agreement, and
(b) all renewals thereof, including, without limitation, any thereof referred to in Schedule 3.16 to this Credit Agreement. 
  
 “Tranche” shall mean the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day. A Tranche may
sometimes be referred to as a “LIBOR Tranche”. 
  
 “Transaction Documents” shall mean the Form S-1 Registration Statement filed by the Parent on December 2, 2005, as amended and supplemented and in effect as of the Closing Date and such other agreements and documents
delivered in connection with the IPO. 
  
 “Transfer
Effective Date” shall have the meaning set forth in each Commitment Transfer Supplement. 
  
 “Type” shall mean, as to any Loan, its nature as an Alternate Base Rate Loan or LIBOR Rate Loan, as the case may be. 
  

 30 

 “UCC” shall mean the Uniform Commercial Code as in effect from time to time in the State
of New York. 
  
 “Voting Stock” shall mean, with
respect to any Person, Capital Stock issued by such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the
right so to vote may be or have been suspended by the happening of such a contingency. 
  
 “Wachovia” shall mean Wachovia Bank, National Association, a national banking association, together with its successors and/or assigns. 
  
 “Works” shall mean all works which are subject to copyright protection pursuant to Title 17 of the United
States Code. 
  
 Section 1.2 Other Definitional
Provisions. 
  
 (a) Unless otherwise
specified therein, all terms defined in this Agreement shall have the defined meanings when used in the Notes or other Credit Documents or any certificate or other document made or delivered pursuant hereto. 
  
 (b) The words “hereof”, “herein” and
“hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Exhibit references are to this
Agreement unless otherwise specified. 
  
 (c) The
meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. 
  
 Section 1.3 Accounting Terms. 
  
 Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all
financial statements required to be delivered hereunder shall be prepared in accordance with GAAP applied on a basis consistent with the most recent audited consolidated financial statements of the Parent delivered to the Lenders; provided
that, if the Borrower notifies the Administrative Agent that it wishes to amend any covenant in Section 5.9 to eliminate the effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent notifies the Borrower
that the Required Lenders wish to amend Section 5.9 for such purpose), then the Borrower’s compliance with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became effective,
until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the Required Lenders. 
  
 The Borrower shall deliver to the Administrative Agent and each Lender at the same time as the delivery of any annual or quarterly financial statements
given in accordance with the provisions of Section 5.1, (i) a description in reasonable detail of any material change in the application of accounting principles employed in the preparation of such financial statements 

  

 31 

 
from those applied in the most recently preceding quarterly or annual financial statements and (ii) a reasonable estimate of the effect on the financial
statements on account of such changes in application. 
  
 For
purposes of computing the financial covenants set forth in Section 5.9 for any applicable test period, any Permitted Acquisition or permitted sale of assets (including a stock sale) shall be given pro forma effect as if such transaction had
taken place as of the first day of such applicable test period. 
  
 Section 1.4 Time References. 
  
 Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable). 
  
 ARTICLE II 
  
 THE LOANS; AMOUNT AND TERMS 
  
 Section 2.1 Revolving Loans. 
  
 (a) Revolving Commitment. During the Commitment Period, subject to the terms and conditions hereof, each Lender severally, but not
jointly, agrees to make revolving credit loans (“Revolving Loans”) to the Borrower from time to time in an aggregate principal amount of up to ONE HUNDRED FIFTEEN MILLION DOLLARS ($115,000,000) (as such aggregate maximum
amount may be increased from time to time as provided in Section 2.2 or reduced from time to time as provided in Section 2.6, the “Revolving Committed Amount”) for the purposes hereinafter set forth; provided,
however, that (i) with regard to each Lender individually, the sum of such Lender’s Commitment Percentage of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC
Obligations shall not exceed such Lender’s Revolving Commitment and (ii) with regard to the Lenders collectively, the sum of the outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not
exceed the Revolving Committed Amount. Revolving Loans may consist of Alternate Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as the Borrower may request, and may be repaid and reborrowed in accordance with the provisions hereof;
provided, however, Revolving Loans made on the Closing Date or on any of the three Business Days following the Closing Date may only consist of Alternate Base Rate Loans. LIBOR Rate Loans shall be made by each Lender at its LIBOR
Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. 
  
 (b) Revolving Loan Borrowings. 
  
 (i) Notice of Borrowing. The Borrower shall request a Revolving Loan borrowing by delivering a written Notice of Borrowing (or telephone notice 

  

 32 

 
promptly confirmed in writing by delivery of a written Notice of Borrowing, which delivery may be by fax) to the Administrative Agent not later than 12:00
P.M. on the Business Day prior to the date of the requested borrowing in the case of Alternate Base Rate Loans, and on the third Business Day prior to the date of the requested borrowing in the case of LIBOR Rate Loans. Each such Notice of Borrowing
shall be irrevocable and shall specify (A) that a Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, (D) whether the borrowing
shall be comprised of Alternate Base Rate Loans, LIBOR Rate Loans or a combination thereof, and if LIBOR Rate Loans are requested, the Interest Period(s) therefor. If the Borrower shall fail to specify in any such Notice of Borrowing (I) an
applicable Interest Period in the case of a LIBOR Rate Loan, then such notice shall be deemed to be a request for an Interest Period of one month, or (II) the type of Revolving Loan requested, then such notice shall be deemed to be a request for an
Alternate Base Rate Loan hereunder. The Administrative Agent shall give notice to each Lender promptly upon receipt of each Notice of Borrowing, the contents thereof and each such Lender’s share thereof. 
  
 (ii) Minimum Amounts. Each Revolving Loan that is
made as an Alternate Base Rate Loan shall be in a minimum aggregate amount of $1,000,000 and in integral multiples of $500,000 in excess thereof (or the remaining amount of the Revolving Committed Amount, if less). Each Revolving Loan that is made
as a LIBOR Rate Loan shall be in a minimum aggregate amount of $1,000,000 and integral multiples of $500,000 in excess thereof (or the remaining amount of the Revolving Committed Amount, if lees). 
  
 (iii) Advances. Each Lender will make its Commitment
Percentage of each Revolving Loan borrowing available to the Administrative Agent for the account of the Borrower at the office of the Administrative Agent specified in Section 9.2, or at such other office as the Administrative Agent may
designate in writing, by 1:00 P.M. on the date specified in the applicable Notice of Borrowing in Dollars and in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the
Administrative Agent by crediting the account of the Borrower on the books of such office (or such other account that the Borrower may designate in writing to the Administrative Agent) with the aggregate of the amounts made available to the
Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. 
  
 (c) Repayment. The principal amount of all Revolving Loans shall be due and payable in full on the Maturity Date, unless
accelerated sooner pursuant to Section 7.2. 
  

 33 

 (d) Interest. Subject to the provisions of Section 2.9, Revolving Loans shall
bear interest as follows: 
  
 (i) Alternate
Base Rate Loans. During such periods as any Revolving Loans shall be comprised of Alternate Base Rate Loans, each such Alternate Base Rate Loan shall bear interest at a per annum rate equal to the sum of the Alternate Base Rate plus the
Applicable Percentage; and 
  
 (ii) LIBOR Rate
Loans. During such periods as any Revolving Loans shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage. 
  
 Interest on Revolving Loans shall be payable in arrears on each Interest
Payment Date. 
  
 (e) Revolving Notes;
Covenant to Pay. The Borrower’s obligation to pay each Lender’s Revolving Loans shall be evidenced by a duly executed promissory note of the Borrower to such Lender in substantially the form of Schedule 2.1(e). The Borrower
covenants and agrees to pay the Revolving Loans in accordance with the terms of this Credit Agreement and the Revolving Notes. 
  
 Section 2.2 Incremental Facilities. 
  
 (a) Incremental Revolving Facility. Subject to the terms and conditions set forth herein and so long as no Default or Event of
Default has occurred and is continuing, the Borrower shall have the right, up to two times prior to the Maturity Date, to incur additional Indebtedness under this Credit Agreement in the form of an increase to the Revolving Committed Amount (each an
“Incremental Revolving Facility” and collectively the “Incremental Revolving Facilities”). The following terms and conditions shall apply to each Incremental Revolving Facility: (i) the loans made under each
Incremental Revolving Facility (each an “Additional Revolving Loan”) shall constitute Credit Party Obligations and will be secured and guaranteed with the other Credit Party Obligations on a pari passu basis, (ii) each
Incremental Revolving Facility shall have the same terms (including interest rate and maturity date) as the existing Revolving Loans, (iii) each Incremental Revolving Facility shall be entitled to the same voting rights as the existing
Revolving Loans, voting as one class, and shall be entitled to receive a pro rata share of proceeds of prepayments on the same basis as the existing Revolving Loans, (iv) each Incremental Revolving Facility shall be obtained from existing
Lenders or from other banks, financial institutions or investment funds, in each case in accordance with the terms set forth below, (v) the proceeds of the Additional Revolving Loans will be used for the purposes set forth in Section 3.11,
(vi) the Borrower shall execute a Revolving Note in favor of any new Lender or any existing Lender requesting a Revolving Note whose Revolving Commitment is increased, (vii) the conditions to Extensions of Credit in Section 4.2 shall
have been satisfied, (viii) each such Incremental Revolving Facility shall be in a minimum amount of $25,000,000 (and $5,000,000 increments in excess thereof), (ix) the aggregate amount of all Incremental Revolving Facilities and all
Incremental Term Facilities (if any) shall not exceed $50,000,000 at any 

  

 34 

 
time and (x) the Administrative Agent shall have received from the Borrower (A) resolutions, legal opinions and other corporate authority documents
with respect to each Incremental Revolving Facility requested by the Administrative Agent, substantially the same in form and substance as those delivered on the Closing Date pursuant to Section 4.1 and (B) updated financial projections
and an officer’s certificate, in each case in form and substance reasonably satisfactory to the Administrative Agent, demonstrating that, after giving effect to such Incremental Revolving Facility on a Pro Forma Basis, the Credit Parties will
be in compliance with the financial covenants set forth in Section 5.9 and no Default or Event of Default shall exist. Participation in each Incremental Revolving Facility shall be offered first to each of the existing Lenders and each such
Lender shall have ten (10) Business Days to respond to such offer, but each such Lender shall have no obligation to provide all or any portion of the Incremental Revolving Facility. If the amount of any Incremental Revolving Facility shall
exceed the commitments which the existing Lenders are willing to provide with respect to such Incremental Revolving Facility, then the Borrower may invite other banks, financial institutions and investment funds reasonably acceptable to the
Administrative Agent to join this Credit Agreement as Lenders hereunder for the portion of such Incremental Revolving Facility not taken by existing Lenders, provided that such other banks, financial institutions and investment funds shall enter
into such joinder agreements to give effect thereto as the Administrative Agent may reasonably request. The Administrative Agent is authorized to enter into, on behalf of the Lenders, any amendment to this Credit Agreement or any other Credit
Document as may be necessary to solely incorporate the terms of each Incremental Revolving Facility therein. Upon any increase of the Revolving Committed Amount pursuant to this Section 2.2(a), the Borrower shall use proceeds of Revolving Loans
pursuant to such Incremental Revolving Facility to prepay any Revolving Loans outstanding on the effective date for the Incremental Revolving Facility (and pay any additional amounts required pursuant to Section 2.17) to the extent
necessary to keep the aggregate outstanding Revolving Loans ratable with any revised Commitment Percentages arising from any nonratable increase in the Commitments. 
  
 (b) Incremental Term Facility. Subject to the terms and conditions set forth herein and so long as no
Default or Event of Default has occurred and is continuing, the Borrower shall have the right, up to two times prior to the Maturity Date, to incur additional Indebtedness under this Credit Agreement in the form of term loans (each, an
“Incremental Term Facility” and collectively the “Incremental Term Facilities”). The following terms and conditions shall apply to the Incremental Term Facilities: (i) the loans made under the Incremental Term
Facilities (the “Additional Term Loans”) shall constitute Credit Party Obligations and will be secured and guaranteed with the other Credit Party Obligations on a pari passu basis, (ii) the interest rate margin and amortization
schedule applicable to each Incremental Term Facility shall be determined at the time such Incremental Term Facility is made available, (iii) each Incremental Term Facility shall have a maturity date no sooner than the Maturity Date,
(iv) each Incremental Term Facility shall be entitled to the same voting rights as the existing Revolving Loans voting as one class except as to matters solely affecting the Incremental Term Facility and shall be entitled to receive proceeds of
prepayments on the same basis 

  

 35 

 
as the existing Revolving Loans, but prior to any prepayments of the Revolving Loans with such proceeds, (v) the Incremental Term Facilities shall be
obtained from existing Lenders or from other banks, financial institutions or investment funds, in each case in accordance with the terms set forth below, (vi) each Incremental Term Facility shall be in a minimum amount of $25,000,000 (and
$5,000,000 increments in excess thereof), (vii) the aggregate amount of all Incremental Term Facilities and all Incremental Revolving Facilities (if any) shall not exceed $50,000,000 at any time, (viii) the proceeds of any Additional Term
Loan will be used for the purposes set forth in Section 3.11, (ix) the Borrower shall execute a promissory note in form and substance satisfactory to the Administrative Agent in favor of any new Lender or any existing Lender requesting a
note, (x) the conditions to Extensions of Credit in Section 4.2 shall have been satisfied and (xi) the Administrative Agent shall have received from the Borrower (A) resolutions, legal opinions and other corporate authority
documents with respect to such Incremental Term Facility requested by the Administrative Agent, substantially the same in form and substance as those delivered on the Closing Date pursuant to Section 4.1 and (B) updated financial
projections and an officer’s certificate, in each case in form and substance reasonably satisfactory to the Administrative Agent, demonstrating that, after giving effect to any such Incremental Term Facility on a Pro Forma Basis, the Credit
Parties will be in compliance with the financial covenants set forth in Section 5.9 and no Default or Event of Default shall exist. Participation in Incremental Term Facilities shall be offered first to each of the existing Lenders and each
such Lender shall have ten (10) Business Days to respond to such offer, but each such Lender shall have no obligation to provide all or any portion of the Incremental Term Facilities. If the amount of any Incremental Term Facility requested by
the Borrower shall exceed the commitments which the existing Lenders are willing to provide with respect to such Incremental Term Facility, then the Borrower may invite other banks, financial institutions and investment funds reasonably acceptable
to the Administrative Agent to join this Credit Agreement as Lenders hereunder for the portion of such Incremental Term Facility not taken by existing Lenders, provided that such other banks, financial institutions and investment funds shall enter
into such joinder agreements to give effect thereto as the Administrative Agent may reasonably request. The Administrative Agent is authorized to enter into, on behalf of the Lenders, any amendment to this Credit Agreement or any other Credit
Document as may be necessary to solely incorporate the terms of any new Incremental Term Facility therein. 
  
 Section 2.3 Letter of Credit Subfacility. 
  
 (a) Issuance. Subject to the terms and conditions hereof and of the LOC Documents, if any, during the Commitment Period the Issuing
Lender shall issue, and the Lenders shall participate in, Letters of Credit for the account of the Borrower from time to time upon request in a form acceptable to the Issuing Lender; provided, however, that (i) the aggregate
amount of LOC Obligations shall not at any time exceed ONE HUNDRED FIFTEEN MILLION DOLLARS ($115,000,000) (the “LOC Committed Amount”), (ii) the sum of the aggregate principal amount of outstanding Revolving Loans
plus outstanding Swingline Loans plus LOC Obligations shall not at any time exceed the Revolving Committed Amount, (iii) all Letters of Credit shall be denominated 

  

 36 

 
in Dollars and (iv) Letters of Credit shall be issued for lawful corporate purposes and may be issued as standby letters of credit, including in
connection with workers’ compensation and other insurance programs. Except as otherwise expressly agreed upon by all the Lenders, no Letter of Credit shall have an original expiry date more than twelve months from the date of issuance;
provided, however, so long as no Default or Event of Default has occurred and is continuing and subject to the other terms and conditions applicable to the issuance of Letters of Credit hereunder, the expiry dates of Letters of Credit
may be extended annually or periodically from time to time on the request of the Borrower or by operation of the terms of the applicable Letter of Credit to a date not more than twelve months from the date of extension; provided,
further, that no Letter of Credit, as originally issued or as extended, shall have an expiry date extending beyond the date that is thirty days prior to the Maturity Date. Each Letter of Credit shall comply with the related LOC Documents. The
issuance and expiry date of each Letter of Credit shall be a Business Day. Any Letters of Credit issued hereunder shall be in a minimum original face amount of $100,000 or such lesser amount as approved by the Issuing Lender. 
  
 (b) Notice and Reports. The request for the issuance
of a Letter of Credit shall be submitted to the Issuing Lender at least three Business Days prior to the requested date of issuance. The Issuing Lender will promptly upon request provide to the Administrative Agent for dissemination to the Lenders a
detailed report specifying the Letters of Credit which are then issued and outstanding and any activity with respect thereto which may have occurred since the date of any prior report, and including therein, among other things, the account party,
the beneficiary, the face amount, expiry date as well as any payments or expirations which may have occurred. The Issuing Lender will further provide to the Administrative Agent promptly upon request copies of the Letters of Credit. The Issuing
Lender will provide to the Administrative Agent promptly upon request a summary report of the nature and extent of LOC Obligations then outstanding. 
  
 (c) Participations. Each Lender upon issuance of a Letter of Credit shall be deemed to have purchased without recourse a risk
participation from the Issuing Lender in such Letter of Credit and the obligations arising thereunder and any collateral relating thereto, in each case in an amount equal to its Commitment Percentage of the obligations under such Letter of Credit
and shall absolutely, unconditionally and irrevocably assume, as primary obligor and not as surety, and be obligated to pay to the Issuing Lender therefor and discharge when due, its Commitment Percentage of the obligations arising under such Letter
of Credit; provided that any Person that becomes a Lender after the Closing Date shall be deemed to have purchased a Risk Participation in all outstanding Letters of Credit on the date it becomes a Lender hereunder and any Letter of Credit
issued on or after such date, in each case in accordance with the foregoing terms. Without limiting the scope and nature of each Lender’s participation in any Letter of Credit, to the extent that the Issuing Lender has not been reimbursed as
required hereunder or under any LOC Document, each such Lender shall pay to the Issuing Lender its Commitment Percentage of such unreimbursed drawing in same day funds pursuant to and in accordance with the provisions of subsection (d) hereof.
The obligation of each Lender to so reimburse the Issuing Lender shall be absolute and 

  

 37 

 
unconditional and shall not be affected by the occurrence of a Default, an Event of Default or any other occurrence or event. Any such reimbursement shall
not relieve or otherwise impair the obligation of the Borrower to reimburse the Issuing Lender under any Letter of Credit, together with interest as hereinafter provided. 
  
 (d) Reimbursement. In the event of any drawing under any Letter of Credit, the Issuing Lender will
promptly notify the Borrower and the Administrative Agent. The Borrower shall reimburse the Issuing Lender on the day of drawing under any Letter of Credit (or on the next succeeding Business Day as provided in connection with a Mandatory LOC
Borrowing, but subject to the accrued interest as provided in the next sentence hereof) (with the proceeds of a Revolving Loan obtained hereunder or otherwise) in same day funds as provided herein or in the LOC Documents. If the Borrower shall fail
to reimburse the Issuing Lender as provided herein, the unreimbursed amount of such drawing shall bear interest at a per annum rate equal to the ABR Default Rate. Unless the Borrower shall immediately notify the Issuing Lender and the Administrative
Agent of its intent to otherwise reimburse the Issuing Lender, the Borrower shall be deemed to have requested a Revolving Loan in the amount of the drawing as provided in subsection (e) hereof, the proceeds of which will be used to satisfy the
Reimbursement Obligations. The Borrower’s Reimbursement Obligations hereunder shall be absolute and unconditional under all circumstances irrespective of any rights of set-off, counterclaim or defense to payment the Borrower may claim or have
against the Issuing Lender, the Administrative Agent, the Lenders, the beneficiary of the Letter of Credit drawn upon or any other Person, including without limitation any defense based on any failure of the Borrower to receive consideration or the
legality, validity, regularity or unenforceability of the Letter of Credit. The Issuing Lender will promptly notify the other Lenders of the amount of any unreimbursed drawing and each Lender shall promptly pay to the Administrative Agent for the
account of the Issuing Lender in Dollars and in immediately available funds, the amount of such Lender’s Commitment Percentage of such unreimbursed drawing. Such payment shall be made on the day such notice is received by such Lender from the
Issuing Lender if such notice is received at or before 2:00 P.M., otherwise such payment shall be made at or before 12:00 Noon on the Business Day next succeeding the day such notice is received. If such Lender does not pay such amount to the
Issuing Lender in full upon such request, such Lender shall, on demand, pay to the Administrative Agent for the account of the Issuing Lender interest on the unpaid amount during the period from the date of such drawing until such Lender pays such
amount to the Issuing Lender in full at a rate per annum equal to, if paid within two Business Days of the date of drawing, the Federal Funds Effective Rate and thereafter at a rate equal to the Alternate Base Rate. Each Lender’s obligation to
make such payment to the Issuing Lender, and the right of the Issuing Lender to receive the same, shall be absolute and unconditional, shall not be affected by any circumstance whatsoever and without regard to the termination of this Agreement or
the Commitments hereunder, the existence of a Default or Event of Default or the acceleration of the Credit Party Obligations hereunder and shall be made without any offset, abatement, withholding or reduction whatsoever. 
  

 38 

 (e) Repayment with Revolving Loans. On any day on which the Borrower shall have
requested, or been deemed to have requested, a Revolving Loan to reimburse a drawing under a Letter of Credit, the Administrative Agent shall give notice to the Lenders that a Revolving Loan has been requested or deemed requested in connection with
a drawing under a Letter of Credit, in which case a Revolving Loan borrowing comprised entirely of Alternate Base Rate Loans (each such borrowing, a “Mandatory LOC Borrowing”) shall be made (without giving effect to any termination
of the Commitments pursuant to Section 7.2) pro rata based on each Lender’s respective Commitment Percentage (determined before giving effect to any termination of the Commitments pursuant to Section 7.2) and the
proceeds thereof shall be paid directly to the Issuing Lender for application to the respective LOC Obligations. Each Lender hereby irrevocably agrees to make such Revolving Loans on the date such notice is received by the Lenders from the
Administrative Agent if such notice is received at or before 2:00 P.M., otherwise such payment shall be made at or before 12:00 Noon on the Business Day next succeeding the date such notice is received, in each case notwithstanding
(i) the amount of Mandatory LOC Borrowing may not comply with the minimum amount for borrowings of Revolving Loans otherwise required hereunder, (ii) whether any conditions specified in Section 4.2 are then satisfied,
(iii) whether a Default or an Event of Default then exists, (iv) the failure of any such request or deemed request for Revolving Loan to be made by the time otherwise required in Section 2.1(b), (v) the date of such Mandatory LOC
Borrowing, or (vi) any reduction in the Revolving Committed Amount after any such Letter of Credit may have been drawn upon. In the event that any Mandatory LOC Borrowing cannot for any reason be made on the date otherwise required above
(including, without limitation, the occurrence of a Bankruptcy Event), then each such Lender hereby agrees that it shall forthwith fund (as of the date the Mandatory LOC Borrowing would otherwise have occurred, but adjusted for any payments received
from the Borrower on or after such date and prior to such purchase) its Participation Interests in the LOC Obligations; provided, further, that in the event any Lender shall fail to fund its Participation Interest on the day the
Mandatory LOC Borrowing would otherwise have occurred, then the amount of such Lender’s unfunded Participation Interest therein shall bear interest payable by such Lender to the Issuing Lender upon demand, at the rate equal to, if paid within
two Business Days of such date, the Federal Funds Effective Rate, and thereafter at a rate equal to the Alternate Base Rate. 
  
 (f) Modification, Extension. The issuance of any supplement, modification, amendment, renewal, or extension to any Letter of Credit
shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder. 
  
 (g) UCP and ISP98. Unless otherwise expressly agreed by the Issuing Lender and the Borrower, when a Letter of Credit is issued, the
rules of the “International Standby Practices 1998” published by the Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance) shall apply to each standby Letter
of Credit. 
  

 39 

 (h) Conflict with LOC Documents. In the event of any conflict between this Credit
Agreement and any LOC Document (including any letter of credit application), this Credit Agreement shall control. 
  
 (i) Designation of Subsidiaries as Account Parties. Notwithstanding anything to the contrary set forth in this Agreement, including
without limitation Section 2.3(a), a Letter of Credit issued hereunder may contain a statement to the effect that such Letter of Credit is issued for the account of any Subsidiary of the Parent; provided that, notwithstanding such
statement, the Borrower shall be the actual account party for all purposes of this Agreement for such Letter of Credit and such statement shall not affect the Borrower’s Reimbursement Obligations hereunder with respect to such Letter of Credit.

  
 (j) Discretionary Issuing Lender. Any
Lender (in such capacity, a “Discretionary Issuing Lender”) may from time to time, at the written request of the Borrower (with a copy to the Administrative Agent) and with the consent of the Administrative Agent (such consent not
to be unreasonably withheld), and in such Lender’s sole discretion, agree to issue one or more Letters of Credit on the same terms and conditions in all respects as are applicable to the Letters of Credit issued by the Issuing Lender hereunder
by executing and delivering to the Administrative Agent a written agreement to such effect, among (and in form and substance satisfactory to) the Borrower, the Administrative Agent and such Discretionary Issuing Lender. With respect to each of the
Letters of Credit issued (or to be issued) thereby, each of the Discretionary Issuing Lenders shall have all of the same rights and obligations under and in respect of this Agreement and the other Credit Documents, and shall be entitled to all of
the same benefits as are afforded to the Issuing Lender hereunder and thereunder. The Administrative Agent shall promptly notify each of the Lenders of the appointment of any Discretionary Issuing Lender. Each Discretionary Issuing Lender shall
provide to the Administrative Agent, on a monthly basis, a report that details the activity with respect to each Letter of Credit issued by such Discretionary Issuing Lender (including an indication of the maximum amount then in effect with respect
to each such Letter of Credit). 
  
 Section 2.4
Swingline Loan Subfacility. 
  
 (a)
Swingline Commitment. During the Commitment Period, subject to the terms and conditions hereof, the Swingline Lender, in its individual capacity, agrees to make certain revolving credit loans to the Borrower (each a “Swingline
Loan” and, collectively, the “Swingline Loans”) for the purposes hereinafter set forth; provided, however, (i) the aggregate principal amount of Swingline Loans outstanding at any time shall not exceed
FIVE MILLION DOLLARS ($5,000,000) (the “Swingline Committed Amount”), and (ii) the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations
shall not exceed the Revolving Committed Amount. Swingline Loans hereunder may be repaid and reborrowed in accordance with the provisions hereof. 
  

 40 

 (b) Swingline Loan Borrowings. 
  
 (i) Notice of Borrowing and Disbursement. The
Swingline Lender will make Swingline Loans available to the Borrower on any Business Day upon delivery of a Notice of Borrowing by the Borrower to the Administrative Agent not later than 2:00 P.M. on such Business Day. Swingline Loan borrowings
hereunder shall be made in minimum amounts of $100,000 and in integral amounts of $100,000 in excess thereof. Such borrowing will then be made available to the Borrower by the Swingline Lender on the date (which shall be a Business Day) specified in
the applicable Notice of Borrowing (by the end of such Business Day) by funding the account of the Borrower set forth in the Account Designation Letter the aggregate amount of the Swingline Loans requested. 
  
 (ii) Repayment of Swingline Loans. Each Swingline
Loan borrowing shall be due and payable on the Maturity Date. The Swingline Lender may, at any time, in its sole discretion, by written notice to the Borrower and the Administrative Agent, demand repayment of its Swingline Loans by way of a
Revolving Loan borrowing, in which case the Borrower shall be deemed to have requested a Revolving Loan borrowing comprised entirely of Alternate Base Rate Loans in the amount of such Swingline Loans; provided, however, that, in the
following circumstances, any such demand shall also be deemed to have been given one Business Day prior to each of (A) the Maturity Date, (B) the occurrence of a Bankruptcy Event, (C) upon acceleration of the Credit Party Obligations
hereunder, whether on account of a Bankruptcy Event or any other Event of Default, and (D) the exercise of remedies in accordance with the provisions of Section 7.2 hereof (each such Revolving Loan borrowing made on account of any such
deemed request therefor as provided herein being hereinafter referred to as “Mandatory Swingline Borrowing”). Each Lender hereby irrevocably agrees to make such Revolving Loans promptly upon any such request or deemed request on
account of each Mandatory Swingline Borrowing in the amount and in the manner specified in the preceding sentence on the date such notice is received by the Lenders from the Administrative Agent if such notice is received at or before 2:00 P.M.,
otherwise such payment shall be made at or before 12:00 Noon on the Business Day next succeeding the date such notice is received notwithstanding (1) the amount of Mandatory Swingline Borrowing may not comply with the minimum amount for
borrowings of Revolving Loans otherwise required hereunder, (2) whether any conditions specified in Section 4.2 are then satisfied, (3) whether a Default or an Event of Default then exists, (4) failure of any such request or
deemed request for Revolving Loans to be made by the time otherwise required in Section 2.1(b)(i), (5) the date of such Mandatory Swingline Borrowing, or (6) any reduction in the Revolving Committed Amount or termination of the
Revolving Commitments immediately prior to such Mandatory Swingline Borrowing or contemporaneously therewith. In the event that any Mandatory Swingline Borrowing cannot for any reason be made on the date otherwise required above (including, without
limitation, as a result of the commencement of a proceeding under the Bankruptcy Code), then each Lender 
  

 41 

 
hereby agrees that it shall forthwith purchase (as of the date the Mandatory Swingline Borrowing would otherwise have occurred, but adjusted for any payments
received from the Borrower on or after such date and prior to such purchase) from the Swingline Lender such Participation Interest in the outstanding Swingline Loans as shall be necessary to cause each such Lender to share in such Swingline Loans
ratably based upon its respective Commitment Percentage (determined before giving effect to any termination of the Commitments pursuant to Section 7.2); provided that (x) all interest payable on the Swingline Loans shall be for the
account of the Swingline Lender until the date as of which the respective Participation Interest is purchased, and (y) at the time any purchase of a Participation Interest pursuant to this sentence is actually made, the purchasing Lender shall
be required to pay to the Swingline Lender interest on the principal amount of such Participation Interest purchased for each day from and including the day upon which the Mandatory Swingline Borrowing would otherwise have occurred to but excluding
the date of payment for such Participation Interest, at the rate equal to, if paid within two Business Days of the date of the Mandatory Swingline Borrowing, the Federal Funds Effective Rate, and thereafter at a rate equal to the Alternate Base
Rate. 
  
 (c) Interest on Swingline Loans.
Subject to the provisions of Section 2.9, Swingline Loans shall bear interest at a per annum rate equal to the Alternate Base Rate plus the Applicable Percentage for Revolving Loans that are Alternate Base Rate Loans. Interest on
Swingline Loans shall be payable in arrears on each Interest Payment Date. 
  
 (d) Swingline Note; Covenant to Pay. The Swingline Loans shall be evidenced by a duly executed promissory note of the Borrower to the Swingline Lender in the original amount of the Swingline Committed Amount
and substantially in the form of Schedule 2.4(d). The Borrower covenants and agrees to pay the Swingline Loans in accordance with the terms of this Credit Agreement and the Swingline Note. 
  
 Section 2.5 Fees. 
  
 (a) Commitment Fee. In consideration of the Revolving
Commitments, the Borrower agrees to pay to the Administrative Agent for the ratable benefit of the Lenders a commitment fee (the “Commitment Fee”) in an amount equal to the Applicable Percentage per annum on the average daily unused
amount of the Revolving Committed Amount. For purposes of computation of the Commitment Fee, LOC Obligations shall be considered usage of the Revolving Committed Amount but Swingline Loans shall not be considered usage of the Revolving Committed
Amount. The Commitment Fee shall be payable quarterly in arrears on the last Business Day of each calendar quarter. 
  
 (b) Letter of Credit Fees. In consideration of the LOC Commitments, the Borrower agrees to pay to the Administrative Agent, for the
ratable benefit of the Lenders, a fee (the “Letter of Credit Fee”) equal to the Applicable Percentage per annum on the average daily maximum amount available to be drawn under each Letter of Credit from the date of issuance to the
date of expiration. In addition to such Letter of Credit 

  

 42 

 
Fee, the Borrower agrees to pay to the Issuing Lender, for its own account and without sharing by the other Lenders, an additional fronting fee (the
“Fronting Fee”) of one-eighth of one percent (0.125%) per annum on the average daily maximum amount available to be drawn under each such Letter of Credit issued by it. The Letter of Credit Fee and the Fronting Fee shall be payable
quarterly in arrears on the last Business Day of each calendar quarter. 
  
 (c) Issuing Lender Fees. In addition to the Letter of Credit Fees and Fronting Fees payable pursuant to subsection (b) hereof, the Borrower shall pay to the Issuing Lender for its own account without
sharing by the other Lenders the reasonable and customary charges from time to time of the Issuing Lender with respect to the amendment, transfer, administration, cancellation and conversion of, and drawings under, such Letters of Credit
(collectively, the “Issuing Lender Fees”). 
  
 (d) Administrative Fee. The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter. 
  
 Section 2.6 Commitment Reductions. 
  
 (a) Voluntary Reductions. The Borrower shall have the right to terminate or permanently reduce the
unused portion of the Revolving Committed Amount at any time or from time to time upon not less than five Business Days’ prior notice to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable) of each such
termination or reduction, which notice shall specify the effective date thereof and the amount of any such reduction which shall be in a minimum amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof and shall be irrevocable and
effective upon receipt by the Administrative Agent, provided that no such reduction or termination shall be permitted if after giving effect thereto, and to any prepayments of the Loans made on the effective date thereof, the sum of the
outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations would exceed the Revolving Committed Amount. 
  
 (b) Swingline Committed Amount. If the Revolving Committed Amount is reduced pursuant to Section 2.6(a) below the then
Swingline Committed Amount, the Swingline Committed Amount shall automatically be reduced by an amount such that the Swingline Committed Amount equals the Revolving Committed Amount. 
  
 (c) Maturity Date. The Revolving Commitment, the Swingline Commitment and the LOC Commitment shall
automatically terminate on the Maturity Date. 
  
 Section 2.7 Prepayments. 
  
 (a) Optional Prepayments. The Borrower shall have the right to prepay Loans in whole or in part from time to time; provided, however, that (i) each partial prepayment of a Revolving Loan shall be in a minimum
principal amount of $500,000 and integral multiples of $100,000 in excess thereof (or the remaining outstanding principal amount), 

  

 43 

 
and (ii) each partial prepayment of a Swingline Loan shall be in a minimum principal amount of $100,000 and integral multiples of $100,000 in excess
thereof (or the remaining outstanding principal amount). The Borrower shall give three Business Days’ irrevocable notice of prepayment in the case of LIBOR Rate Loans and one Business Day’s irrevocable notice of prepayment in the case of
Alternate Base Rate Loans, to the Administrative Agent (which shall notify the Lenders thereof as soon as practicable). Amounts prepaid under this Section 2.7(a) shall be applied to the outstanding Loans as the Borrower may elect;
provided that each Lender shall receive its pro rata share (except with respect to prepayments of Swingline Loans) of any such prepayment based on its Commitment Percentage. Within the foregoing parameters, prepayments under this Section
shall be applied first to Alternate Base Rate Loans and then to LIBOR Rate loans in direct order of Interest Period maturities. All prepayments under this Section 2.7(a) shall be subject to Section 2.17, but otherwise without premium or
penalty. Interest on the principal amount prepaid shall be payable on the next occurring Interest Payment Date that would have occurred had such Loans not been prepaid. Amounts prepaid on the Revolving Loans and the Swingline Loans may be reborrowed
in accordance with the terms hereof. 
  
 (b)
Mandatory Prepayments. 
  
 (i)
Revolving Committed Amount. If at any time after the Closing Date, the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall exceed the Revolving
Committed Amount, the Borrower immediately shall prepay the Loans and cash collateralize the LOC Obligations in an amount sufficient to eliminate such excess (such prepayment to be applied as set forth in clause (v) below). 
  
 (ii) Asset Dispositions. Promptly following any Asset
Disposition or related series of Asset Dispositions in excess of $500,000, the Borrower shall prepay the Loans and cash collateralize the LOC Obligations in an aggregate amount equal to 100% of the Net Cash Proceeds derived from such Asset
Disposition (or related series of Asset Dispositions) (such prepayment to be applied as set forth in clause (v) below); provided, however, that such Net Cash Proceeds shall not be required to be so applied to the extent the
Borrower delivers to the Administrative Agent within ten (10) Business Days after such Asset Disposition a certificate stating that it intends to use such Net Cash Proceeds to acquire like assets used in the business of the Parent and its
Subsidiaries (or enter into binding commitments to acquire such assets) within 180 days of the receipt of such Net Cash Proceeds, it being expressly agreed that (A) any Net Cash Proceeds not so reinvested shall be applied to prepay the Loans
and cash collateralize the LOC Obligations immediately thereafter (such prepayment to be applied as set forth in clause (vi below) and (B) if Borrower enters into a binding commitment to reinvest Net Cash Proceeds, within such 180-day period,
it shall be required to apply any Net Cash Proceeds not in fact so used within 360 days after receipt to prepay Loans and cash collateralize outstanding LOC Obligations. 
  

 44 

 (iii) Issuances. Immediately upon receipt by any Credit Party of proceeds from any
Debt Issuance, the Borrower shall prepay the Loans and cash collateralize the LOC Obligations in an aggregate amount equal to one hundred percent (100%) of the Net Cash Proceeds of such Debt Issuance to the Lenders (such prepayment to be
applied as set forth in clause (v) below). 
  
 (iv) Recovery Event. Immediately upon receipt by any Credit Party of proceeds from any Recovery Event, the Borrower shall prepay the Loans and cash collateralize the LOC Obligations in an aggregate amount equal to one hundred percent
(100%) of such cash proceeds, net of any taxes due or payable by the such Credit Party with respect to such proceeds (such prepayment to be applied as set forth in clause (vi) below); provided, however, that, so long as no
Default or Event of Default has occurred and is continuing at the time of such Recovery Event, any Net Cash Proceeds shall not be required to the extent the Borrower (A) pursues such repair or replacement in a diligent manner, (B) such
repair or replacement is completed or Borrower shall have entered into binding commitments to repair or replace such asset within 180 days of the receipt of such Net Cash Proceeds, it being expressly agreed that any Net Cash Proceeds not so
reinvested by the end of the applicable period shall be applied to repay the Loans and/or cash collateralize the LOC Obligations immediately thereafter (such prepayment to be applied as set forth in clause (v) below) and (C) if Borrower
enters into a binding commitment to repair or replace such asset, within such 180-day period, it shall be required to apply any Net Cash Proceeds not in fact so used within 360 days after receipt to prepay Loans and cash collateralize outstanding
LOC Obligations. 
  
 (v) Application of
Mandatory Prepayments. All amounts required to be paid pursuant to this Section 2.7(b) shall be applied as follows: (A) with respect to all amounts prepaid pursuant to Sections 2.7(b)(i), (1) first, to the outstanding Swingline
Loans, (2) second, to the outstanding Revolving Loans (without a corresponding permanent reduction to the Revolving Committed Amount) and (3) third (after all Revolving Loans have been repaid), to a cash collateral account in respect of
LOC Obligations, and (B) with respect to all amounts prepaid pursuant to Sections 2.7(b)(ii), (iii) and (iv), (1) first, to the outstanding Swingline Loans (without a corresponding permanent reduction in the Revolving Committed
Amount), (2) second, to the outstanding Revolving Loans (without a corresponding permanent reduction in the Revolving Committed Amount) and (3) third (after all Revolving Loans have been repaid), to a cash collateral account in respect of
LOC Obligations. Within the parameters of the applications set forth above, prepayments shall be applied first to Alternate Base Rate Loans and then to LIBOR Rate Loans in direct order of Interest Period maturities. Each Lender shall receive its pro
rata share (except with respect to prepayments of Swingline Loans) of any such prepayment based on its Commitment Percentage. All prepayments under this Section 2.7(b) shall be subject to Section 2.17 and be accompanied by interest on the
principal amount prepaid through the date of prepayment. 
  

 45 

 (c) Hedging Obligations Unaffected. Any repayment or prepayment made pursuant to
this Section 2.7 shall not affect the Borrower’s obligation to continue to make payments under any Secured Hedging Agreement, which shall remain in full force and effect notwithstanding such repayment or prepayment, subject to the terms of
such Secured Hedging Agreement. 
  
 Section 2.8 Lending
Offices. 
  
 LIBOR Rate Loans shall be made by each
Lender at its LIBOR Lending Office and Alternate Base Rate Loans at its Domestic Lending Office. 
  
 Section 2.9 Default Rate. 
  
 Upon the occurrence, and during the continuance, of an Event of Default, at the discretion of the Required Lenders, the principal of and, to the extent
permitted by law, interest on the Loans and any other amounts owing hereunder or under the other Credit Documents shall bear interest, payable on demand, at a per annum rate 2% greater than the rate which would otherwise be applicable (or if no rate
is applicable, whether in respect of interest, fees or other amounts, then the ABR Default Rate). 
  
 Section 2.10 Conversion Options. 
  
 (a) The Borrower may, in the case of Revolving Loans, elect from time to time to convert all or any portion of an Alternate Base Rate Loan
to a LIBOR Rate Loan by giving the Administrative Agent at least three Business Days’ prior irrevocable written notice of such election; provided that (i) no Alternate Base Rate Loan or portion thereof may be converted into a LIBOR
Rate Loan when any Default or Event of Default has occurred and is continuing and (ii) conversions shall be in an aggregate principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. In addition, the Borrower may elect
from time to time to convert all or any portion of a LIBOR Rate Loan to an Alternate Base Rate Loan by giving the Administrative Agent irrevocable written notice thereof by 11:00 A.M. one Business Date prior to the proposed date of conversion. A
form of Notice of Conversion/Extension is attached as Schedule 2.10. If the date upon which an Alternate Base Rate Loan is to be converted to a LIBOR Rate Loan is not a Business Day, then such conversion shall be made on the next succeeding
Business Day and during the period from such last day of an Interest Period to such succeeding Business Day such Loan shall bear interest as if it were an Alternate Base Rate Loan. LIBOR Rate Loans may only be converted to Alternate Base Rate Loans
on the last day of the applicable Interest Period. 
  
 (b) Any LIBOR Rate Loans may be continued as such upon the expiration of an Interest Period with respect thereto by compliance by the Borrower with the notice provisions contained in Section 2.10(a); provided, that no LIBOR Rate
Loan may be continued as such when any Default or Event of Default has occurred and is continuing, in which case such Loan shall be automatically converted to an Alternate Base Rate Loan 

  

 46 

 
at the end of the applicable Interest Period with respect thereto. If the Borrower shall fail to give timely notice of an election to continue a LIBOR Rate
Loan, or the continuation of LIBOR Rate Loans is not permitted hereunder, such LIBOR Rate Loans shall be automatically converted to Alternate Base Rate Loans at the end of the applicable Interest Period with respect thereto. 
  
 Section 2.11 Computation of Interest and Fees. 

 
 (a) Interest payable hereunder with respect to Alternate
Base Rate Loans based on the Prime Rate shall be calculated on the basis of a year of 365 days (or 366 days, as applicable) for the actual days elapsed. All other fees, interest and all other amounts payable hereunder shall be calculated on the
basis of a 360-day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the Lenders of each determination of a LIBOR Rate on the Business Day of the determination thereof. Any change in the
interest rate on a Loan resulting from a change in the Alternate Base Rate shall become effective as of the opening of business on the day on which such change in the Alternate Base Rate shall become effective. The Administrative Agent shall as soon
as practicable notify the Borrower and the Lenders of the effective date and the amount of each such change. 
  
 (b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and
binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver to the Borrower a statement showing the computations used by the Administrative Agent in determining
any interest rate. 
  
 (c) It is the intent of
the Lenders and the Credit Parties to conform to and contract in strict compliance with applicable usury law from time to time in effect. All agreements between the Lenders and the Credit Parties are hereby limited by the provisions of this
paragraph which shall override and control all such agreements, whether now existing or hereafter arising and whether written or oral. In no way, nor in any event or contingency (including but not limited to prepayment or acceleration of the
maturity of any Credit Party Obligation), shall the interest taken, reserved, contracted for, charged, or received under this Credit Agreement, under the Notes or otherwise, exceed the maximum nonusurious amount permissible under applicable law. If,
from any possible construction of any of the Credit Documents or any other document, interest would otherwise be payable in excess of the maximum nonusurious amount, any such construction shall be subject to the provisions of this paragraph and such
interest shall be automatically reduced to the maximum nonusurious amount permitted under applicable law, without the necessity of execution of any amendment or new document. If any Lender shall ever receive anything of value which is characterized
as interest on the Loans under applicable law and which would, apart from this provision, be in excess of the maximum nonusurious amount, an amount equal to the amount which would have been excessive interest shall, without penalty, be applied to
the reduction of the principal amount owing on the Loans and not to the payment of interest, or refunded to the Borrower or the other payor thereof if and to the extent such amount which would have 

  

 47 

 
been excessive exceeds such unpaid principal amount of the Loans. The right to demand payment of the Loans or any other Indebtedness evidenced by any of the
Credit Documents does not include the right to receive any interest which has not otherwise accrued on the date of such demand, and the Lenders do not intend to charge or receive any unearned interest in the event of such demand. All interest paid
or agreed to be paid to the Lenders with respect to the Loans shall, to the extent permitted by applicable law, be amortized, prorated, allocated, and spread throughout the full stated term (including any renewal or extension) of the Loans so that
the amount of interest on account of such indebtedness does not exceed the maximum nonusurious amount permitted by applicable law. 
  
 Section 2.12 Pro Rata Treatment and Payments. 
  

(a) Allocation of Payments Prior to Exercise of Remedies. Each borrowing of Revolving Loans and any reduction of the Revolving
Commitments shall be made pro rata according to the respective Commitment Percentages of the Lenders. Unless otherwise specified herein, each payment under this Agreement or any Note shall be applied, first, to any fees then due
and owing by the Borrower pursuant to Section 2.5, second, to interest then due and owing hereunder and under the Notes and, third, to principal then due and owing hereunder and under the Notes. Each payment on account of any fees
pursuant to Section 2.5 shall be made pro rata in accordance with the respective amounts due and owing (except as to the Fronting Fees and the Issuing Lender Fees). Unless otherwise required by the terms of this Credit Agreement,
each payment (other than prepayments) by the Borrower on account of principal of and interest on the Revolving Loans shall be applied to such Loans as directed by the Borrower or otherwise applied in accordance with the terms of Section 2.7(a)
hereof. Each optional prepayment on account of principal of the Loans shall be applied an accordance with Section 2.7(a); provided, that prepayments made pursuant to Section 2.15 shall be applied in accordance with such section. Each
optional prepayment on account of principal of the Loans shall be applied in accordance with Section 2.7(a) and each mandatory prepayment on account of principal of the Loans shall be applied in accordance with Section 2.7(b)(v). All
payments (including prepayments) to be made by the Borrower on account of principal, interest and fees shall be made without defense, set-off or counterclaim (except as provided in Section 2.18(b)) and shall be made to the Administrative Agent
for the account of the Lenders at the Administrative Agent’s office specified in Section 9.2 in Dollars and in immediately available funds not later than 1:00 P.M. on the date when due. The Administrative Agent shall distribute such
payments to the Lenders entitled thereto promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the LIBOR Rate Loans) becomes due and payable on a day other than a Business Day, such payment shall be
extended to the next succeeding Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during such extension. If any payment on a LIBOR Rate Loan becomes due and payable on a day other
than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the
immediately preceding Business Day. 
  

 48 

 (b) Allocation of Payments After Exercise of Remedies. Notwithstanding any other
provisions of this Agreement to the contrary, after the exercise of remedies (other than the invocation of default interest pursuant to Section 2.9) by the Administrative Agent or the Lenders pursuant to Section 7.2 (or after the
Commitments shall automatically terminate and the Loans (with accrued interest thereon) and all other amounts under the Credit Documents shall automatically become due and payable in accordance with the terms of such Section), all amounts collected
or received by the Administrative Agent or any Lender on account of the Credit Party Obligations or any other amounts outstanding under any of the Credit Documents or in respect of the Collateral shall be paid over or delivered as follows
(irrespective of whether the following costs, expenses, fees, interest, premiums, scheduled periodic payments or Credit Party Obligations are allowed, permitted or recognized as a claim in any proceeding resulting from the occurrence of a Bankruptcy
Event): 
  
 FIRST, to the payment of all
reasonable out-of-pocket costs and expenses (including without limitation reasonable attorneys’ fees) of the Administrative Agent in connection with enforcing the rights of the Lenders under the Credit Documents and any protective advances made
by the Administrative Agent with respect to the Collateral under or pursuant to the terms of the Collateral Documents; 
  
 SECOND, to payment of any fees owed to the Administrative Agent and the Issuing Lender; 
  
 THIRD, to the payment of all reasonable out-of-pocket costs
and expenses (including without limitation, reasonable attorneys’ fees) of each of the Lenders in connection with enforcing its rights under the Credit Documents or otherwise with respect to the Credit Party Obligations owing to such Lender;

  
 FOURTH, to the payment of all of the Credit
Party Obligations consisting of accrued fees and interest, including, with respect to any Secured Hedging Agreement, any fees, premiums and scheduled periodic payments due under such Secured Hedging Agreement and any interest accrued thereon;

  
 FIFTH, to the payment of the outstanding
principal amount of the Credit Party Obligations, including the payment or cash collateralization of the outstanding LOC Obligations and, with respect to any Secured Hedging Agreement, any breakage, termination or other payments due under such
Secured Hedging Agreement and any interest accrued thereon; 
  
 SIXTH, to all other Credit Party Obligations and other obligations which shall have become due and payable under the Credit Documents or otherwise and not repaid pursuant to clauses “FIRST” through
“FIFTH” above; and 
  

 49 

 SEVENTH, to the payment of the surplus, if any, to whoever may be lawfully entitled to
receive such surplus. 
  
 In carrying out the foregoing,
(i) amounts received shall be applied in the numerical order provided until exhausted prior to application to the next succeeding category; (ii) each of the Lenders and any Hedging Agreement Providers shall receive an amount equal to its
pro rata share (based on the proportion that the then outstanding Loans and LOC Obligations held by such Lender or the outstanding obligations payable to such Hedging Agreement Provider bears to the aggregate then outstanding Loans, LOC Obligations
and obligations payable under all Secured Hedging Agreements) of amounts available to be applied pursuant to clauses “THIRD”, “FOURTH”, “FIFTH” and “SIXTH” above; and (iii) to the extent that any amounts
available for distribution pursuant to clause “FIFTH” above are attributable to the issued but undrawn amount of outstanding Letters of Credit, such amounts shall be held by the Administrative Agent in a cash collateral account and applied
(A) first, to reimburse the Issuing Lender from time to time for any drawings under such Letters of Credit and (B) then, following the expiration of all Letters of Credit, to all other obligations of the types described in clauses
“FIFTH” and “SIXTH” above in the manner provided in this Section 2.12(b). Notwithstanding the foregoing terms of this Section 2.12(b), only Collateral proceeds and payments under the Guaranty (as opposed to ordinary
course principal, interest and fee payments hereunder) shall be applied to obligations under any Secured Hedging Agreement. 
  
 Section 2.13 Non-Receipt of Funds by the Administrative Agent. 
  
 (a) Unless the Administrative Agent shall have been notified in writing by a Lender prior to the date a Loan
is to be made by such Lender (which notice shall be effective upon receipt) that such Lender does not intend to make the proceeds of such Loan available to the Administrative Agent, the Administrative Agent may assume that such Lender has made such
proceeds available to the Administrative Agent on such date, and the Administrative Agent may in reliance upon such assumption (but shall not be required to) make available to the Borrower a corresponding amount. If such corresponding amount is not
in fact made available to the Administrative Agent, the Administrative Agent shall be able to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the Administrative Agent’s
demand therefor, the Administrative Agent will promptly notify the Borrower, and the Borrower shall immediately pay such corresponding amount to the Administrative Agent. The Administrative Agent shall also be entitled to recover from such Lender or
the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower to the date such corresponding amount is recovered
by the Administrative Agent at a per annum rate equal to (i) from the Borrower at the applicable rate for the applicable borrowing pursuant to the Notice of Borrowing and (ii) from such Lender at the Federal Funds Effective Rate.

  
 (b) Unless the Administrative Agent shall
have been notified in writing by the Borrower, prior to the date on which any payment is due from it hereunder (which notice 

  

 50 

 
shall be effective upon receipt) that the Borrower does not intend to make such payment, the Administrative Agent may assume that the Borrower has made such
payment when due, and the Administrative Agent may in reliance upon such assumption (but shall not be required to) make available to each Lender on such payment date an amount equal to the portion of such assumed payment to which such Lender is
entitled hereunder, and if the Borrower has not in fact made such payment to the Administrative Agent, such Lender shall, on demand, repay to the Administrative Agent the amount made available to such Lender. If such amount is repaid to the
Administrative Agent on a date after the date such amount was made available to such Lender, such Lender shall pay to the Administrative Agent on demand interest on such amount in respect of each day from the date such amount was made available by
the Administrative Agent to such Lender to the date such amount is recovered by the Administrative Agent at a per annum rate equal to the Federal Funds Effective Rate. 
  
 (c) A certificate of the Administrative Agent submitted to the Borrower or any Lender with respect to any
amount owing under this Section 2.13 shall be conclusive in the absence of manifest error. 
  
 Section 2.14 Inability to Determine Interest Rate. 
  
 Notwithstanding any other provision of this Agreement, if (a) the Administrative Agent shall reasonably determine
(which determination shall be conclusive and binding absent manifest error) that, by reason of circumstances affecting the relevant market, reasonable and adequate means do not exist for ascertaining LIBOR for an Interest Period, or (b) the
Required Lenders shall reasonably determine (which determination shall be conclusive and binding absent manifest error) that the LIBOR Rate does not adequately and fairly reflect the cost to such Lenders of funding LIBOR Rate Loans that the Borrower
has requested be outstanding as a LIBOR Tranche during such Interest Period, the Administrative Agent shall forthwith give telephone notice of such determination, confirmed in writing, to the Borrower, and the Lenders at least two Business Days
prior to the first day of such Interest Period. Unless the Borrower shall have notified the Administrative Agent upon receipt of such telephone notice that it wishes to rescind or modify its request regarding such LIBOR Rate Loans, any Loans that
were requested to be made as LIBOR Rate Loans shall be made as Alternate Base Rate Loans and any Loans that were requested to be converted into or continued as LIBOR Rate Loans shall remain as or be converted into Alternate Base Rate Loans. Until
any such notice has been withdrawn by the Administrative Agent, no further Loans shall be made as, continued as, or converted into, LIBOR Rate Loans for the Interest Periods so affected. 
  
 Section 2.15 Illegality. 
  
 Notwithstanding any other provision of this Agreement, if the adoption of or any change in any Requirement of Law or in the
interpretation or application thereof by the relevant Governmental Authority to any Lender shall make it unlawful for such Lender or its LIBOR Lending Office to make or maintain LIBOR Rate Loans as contemplated by this Agreement or to obtain in the
interbank eurodollar market through its LIBOR Lending Office the funds with which to make such Loans, (a) such Lender shall promptly notify the Administrative Agent and 

  

 51 

 
the Borrower thereof, (b) the commitment of such Lender hereunder to make LIBOR Rate Loans or continue LIBOR Rate Loans as such shall forthwith be
suspended until the Administrative Agent, on behalf of such Lender, shall give notice that the condition or situation which gave rise to the suspension shall no longer exist, and (c) such Lender’s Loans then outstanding as LIBOR Rate
Loans, if any, shall be converted on the last day of the Interest Period for such Loans or within such earlier period as required by law to Alternate Base Rate Loans. The Borrower hereby agrees promptly to pay any Lender, upon its demand, any
additional amounts necessary to compensate such Lender for actual and direct costs (but not including anticipated profits) reasonably incurred by such Lender including, but not limited to, any interest or fees payable by such Lender to lenders of
funds obtained by it in order to make or maintain its LIBOR Rate Loans hereunder. A certificate as to any additional amounts payable pursuant to this Section submitted by such Lender, through the Administrative Agent, to the Borrower shall be
conclusive in the absence of manifest error. Each Lender agrees to use reasonable efforts (including reasonable efforts to change its LIBOR Lending Office) to avoid or to minimize any amounts which may otherwise be payable pursuant to this Section;
provided, however, that such efforts shall not cause the imposition on such Lender of any additional costs or legal or regulatory burdens deemed by such Lender in its sole discretion to be material. 
  
 Section 2.16 Requirements of Law. 
  
 (a) If the adoption of or any change in any Requirement of
Law or in the interpretation or application thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof:

  
 (i) shall subject such Lender to any tax of
any kind whatsoever with respect to any Letter of Credit, any Participation Interest therein or any application relating thereto, any LIBOR Rate Loan made by it, or change the basis of taxation of payments to such Lender in respect thereof (except
for changes in the rate of tax on the overall net income of such Lender); 
  
 (ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, loans or
other extensions of credit by, or any other acquisition of funds by, any office of such Lender which is not otherwise included in the determination of the LIBOR Rate hereunder; or 
  
 (iii) shall impose on such Lender any other condition; 
  
 and the result of any of the foregoing is to increase the cost to such
Lender of making or maintaining LIBOR Rate Loans or the Letters of Credit (or the Participations Interests therein) or to reduce any amount receivable hereunder or under any Note, then, in any such case, the Borrower shall promptly pay such Lender,
upon its demand, any additional amounts necessary to compensate such Lender for such additional cost or reduced amount receivable which such Lender reasonably deems to be material as determined by such Lender with respect to its LIBOR Rate Loans or
Letters of Credit. A certificate as 

  

 52 

 
to any additional amounts payable pursuant to this Section submitted by such Lender, through the Administrative Agent, to the Borrower shall be conclusive in
the absence of manifest error. Each Lender agrees to use reasonable efforts (including reasonable efforts to change its Domestic Lending Office or LIBOR Lending Office, as the case may be) to avoid or to minimize any amounts which might otherwise be
payable pursuant to this paragraph of this Section; provided, however, that such efforts shall not cause the imposition on such Lender of any additional costs or legal or regulatory burdens deemed by such Lender in its sole discretion
to be material. 
  
 (b) If any Lender shall have
reasonably determined that the adoption of or any change in any Requirement of Law regarding capital adequacy or in the interpretation or application thereof or compliance by such Lender or any corporation controlling such Lender with any request or
directive regarding capital adequacy (whether or not having the force of law) from any central bank or Governmental Authority made subsequent to the date hereof does or shall have the effect of reducing the rate of return on such Lender’s or
such corporation’s capital as a consequence of its obligations hereunder to a level below that which such Lender or such corporation could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s
or such corporation’s policies with respect to capital adequacy) by an amount reasonably deemed by such Lender in its sole discretion to be material, then from time to time, within fifteen days after demand by such Lender, the Borrower shall
pay to such Lender such additional amount as shall be certified by such Lender as being required to compensate it for such reduction. Such a certificate as to any additional amounts payable under this Section submitted by a Lender (which certificate
shall include a description of the basis for the computation), through the Administrative Agent, to the Borrower shall be conclusive absent manifest error. 
  
 (c) The agreements in this Section 2.16 shall survive the termination of this Agreement and payment of the Notes and all other
amounts payable hereunder. 
  
 Any claim by a Lender for
indemnification under this Section 2.16 shall be made no later than 90 days after such Lender becomes aware of any amount payable to such Lender under this Section. 
  
 Section 2.17 Indemnity. 
  
 Except for Taxes which shall be solely covered by Section 2.18, the Borrower hereby agrees to indemnify each Lender and
to hold such Lender harmless from any funding loss or expense which such Lender may sustain or incur as a consequence of (a) the failure of the Borrower to pay the principal amount of or interest on any Loan by such Lender in accordance with
the terms hereof, (b) the failure of the Borrower to accept a borrowing after the Borrower has given a notice in accordance with the terms hereof, (c) the failure of the Borrower to make any prepayment of a LIBOR Rate Loan after the
Borrower has given a notice in accordance with the terms hereof, and/or (d) the making by the Borrower of a prepayment of a LIBOR Rate Loan, or the conversion thereof, on a day which is not the last day of the Interest Period with respect
thereto, in each case including, but not limited to, any such loss or expense arising from interest 

  

 53 

 
or fees payable by such Lender to lenders of funds obtained by it in order to maintain its Loans hereunder, but excluding any such loss or expense due to
such Lender’s gross negligence or willful misconduct. A certificate as to any additional amounts payable pursuant to this Section submitted by any Lender, through the Administrative Agent, to the Borrower (which certificate must be delivered to
the Administrative Agent within thirty days following such default, prepayment or conversion) shall be conclusive in the absence of manifest error. The agreements in this Section shall survive termination of this Agreement and payment of the Notes
and all other amounts payable hereunder. 
  
 Section 2.18
Taxes. 
  
 (a) All payments made by
the Borrower hereunder or under any Note will be, except as provided in Section 2.18(b), made free and clear of, and without deduction or withholding for, any present or future taxes, levies, imposts, duties, fees, assessments or other charges
of whatever nature now or hereafter imposed by any Governmental Authority or by any political subdivision or taxing authority thereof or therein with respect to such payments (but excluding any tax imposed on or measured by the net income or profits
of a Lender pursuant to the laws of the jurisdiction in which it is organized or the jurisdiction in which the principal office or applicable lending office of such Lender is located or any subdivision thereof or therein) and all interest, penalties
or additions to tax with respect thereto (all such non-excluded taxes, levies, imposts, duties, fees, assessments or other charges being referred to collectively as “Taxes”). If any Taxes are so levied or imposed, the Borrower
agrees to pay the full amount of such Taxes, and such additional amounts as may be necessary so that every payment of all amounts due under this Credit Agreement or under any Note, after withholding or deduction for or on account of any Taxes, will
not be less than the amount provided for herein or in such Note. The Borrower will furnish to the Administrative Agent as soon as practicable after the date the payment of any Taxes is due pursuant to applicable law certified copies (to the extent
reasonably available and required by law) of tax receipts evidencing such payment by the Borrower or such other evidence of payment reasonably satisfactory to the Lenders. The Borrower agrees to indemnify and hold harmless each Lender, and reimburse
such Lender upon its written request (which shall specify in reasonable detail the nature and amount of such Taxes), for the amount of any Taxes so levied or imposed and paid by such Lender. Nothing contained in this Section 2.18 shall require
a Lender to make available its tax returns or provide any information relating to its taxes which it reasonably deems confidential. 
  
 (b) Each Lender that is not a United States person (as such term is defined in Section 7701(a)(30) of the Code) agrees to deliver to
the Borrower and the Administrative Agent on or prior to the Closing Date, or in the case of a Lender that is an assignee or transferee of an interest under this Credit Agreement pursuant to Section 9.6(c) (unless the respective Lender was
already a Lender hereunder immediately prior to such assignment or transfer), on the date of such assignment or transfer to such Lender, (i) if the Lender is a “bank” within the meaning of Section 881(c)(3)(A) of the Code, two
accurate and complete original signed copies of Internal Revenue Service Form W-8BEN, W-8ECI or W-8IMY with appropriate attachments (or successor forms) certifying 

  

 54 

 
such Lender’s entitlement to a complete exemption from United States withholding tax with respect to payments to be made under this Credit Agreement and
under any Note, or (ii) if the Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, Internal Revenue Service Form W-8BEN, W-8ECI or W-8IMY with appropriate attachments as set forth in clause
(i) above, or (x) a certificate in substantially the form of Schedule 2.18 (any such certificate, a “Tax Exempt Certificate”) and (y) two accurate and complete original signed copies of Internal Revenue Service
Form W-8BEN (or successor form) certifying such Lender’s entitlement to an exemption from United States withholding tax with respect to payments of interest to be made under this Credit Agreement and under any Note. Each Lender that is a United
States person as that term is defined in Section 7701(a)(30) of the Code , other than a Lender that may be treated as an exempt recipient based on the indicators described in Treasury Regulation Section 1.6049-4(c)(1)(ii), hereby agrees
that it shall, no later than the Closing Date or, in the case of a Lender that is an assignee or transferee of an interest under this Credit Agreement pursuant Section 9.6(c), on the date of such assignment or transfer to such Lender, deliver
to the Borrower and the Administrative Agent two accurate, complete and signed copies of Internal Revenue service Form W-9 or successor form, certifying that such Lender is not subject to United States backup withholding tax. In addition, each
Lender agrees that it will deliver updated versions of the foregoing, as applicable, (i) whenever the previous certification has become inaccurate in any material respect or (ii) at any time reasonably requested by the Borrower or the
Administrative Agent, together with such other forms as may be required in order to confirm or establish the entitlement of such Lender to a continued exemption from or reduction in United States withholding tax with respect to payments under this
Credit Agreement and any Note. Notwithstanding anything to the contrary contained in Section 2.18(a), but subject to the immediately succeeding sentence, (x) the Borrower shall be entitled, to the extent it is required to do so by law, to
deduct or withhold Taxes imposed by the United States (or any political subdivision or taxing authority thereof or therein) from interest, fees or other amounts payable hereunder for the account of any Lender to the extent that such Lender has not
provided to the Borrower U.S. Internal Revenue Service Forms that establish a complete exemption from such deduction or withholding and (y) the Borrower shall not be obligated pursuant to Section 2.18(a) hereof to gross-up payments to be
made to a Lender in respect of Taxes imposed by the United States or to indemnify such Lender for any withholding Taxes imposed by the United States if (I) such Lender has not provided to the Borrower the Internal Revenue Service Forms required
to be provided to the Borrower pursuant to this Section 2.18(b) or (II) in the case of a payment, other than interest, to a Lender described in clause (ii) above, to the extent that such Forms do not establish a complete exemption from
withholding of such Taxes. Notwithstanding anything to the contrary contained in the preceding sentence or elsewhere in this Section 2.18, the Borrower agrees to pay additional amounts and to indemnify each Lender in the manner set forth in
Section 2.18(a) (without regard to the identity of the jurisdiction requiring the deduction or withholding) in respect of any amounts deducted or withheld by it as described in the immediately preceding sentence as a result of any changes after
the Closing Date in any applicable law, treaty, governmental rule, regulation, guideline or order, or in the interpretation thereof, relating to the deducting or withholding of Taxes. 
  

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 (c) Each Lender agrees to use reasonable efforts (including reasonable efforts to change
its Domestic Lending Office or LIBOR Lending Office, as the case may be) to avoid or to minimize any amounts which might otherwise be payable pursuant to this Section; provided, however, that such efforts shall not cause the imposition
on such Lender of any additional costs or legal or regulatory burdens deemed by such Lender in its reasonable discretion to be material. 
  
 (d) If the Borrower pays any additional amount pursuant to this Section 2.18 with respect to a Lender, such Lender shall use
reasonable efforts to obtain a refund of tax or credit against its tax liabilities on account of such payment; provided that such Lender shall have no obligation to use such reasonable efforts if either (i) it is in an excess foreign tax
credit position or (ii) it believes in good faith, in its sole discretion, that claiming a refund or credit would cause adverse tax consequences to it. In the event that such Lender receives such a refund or credit, such Lender shall pay to the
Borrower an amount that such Lender reasonably determines is equal to the net tax benefit obtained by such Lender as a result of such payment by the Borrower. In the event that no refund or credit is obtained with respect to the Borrower’s
payments to such Lender pursuant to this Section 2.18, then such Lender shall upon request provide a certification that such Lender has not received a refund or credit for such payments. Nothing contained in this Section 2.18 shall require
a Lender to disclose or detail the basis of its calculation of the amount of any tax benefit or any other amount or the basis of its determination referred to in the proviso to the first sentence of this Section 2.18(d) to the Borrower or any
other party. 
  
 (e) The agreements in this
Section 2.18 shall survive the termination of this Credit Agreement and the payment of the Notes and all other amounts payable hereunder. 
  
 Section 2.19 Indemnification; Nature of Issuing Lender’s Duties. 
  
 (a) In addition to its other obligations under Section 2.3 and except for Taxes which shall be solely
covered by Section 2.18, the Borrower hereby agrees to protect, indemnify, pay and save the Issuing Lender and each Lender harmless from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses
(including reasonable attorneys’ fees) that the Issuing Lender or such Lender may incur or be subject to as a consequence, direct or indirect, of (i) the issuance of any Letter of Credit or (ii) the failure of the Issuing Lender to
honor a drawing under a Letter of Credit as a result of any act or omission, whether rightful or wrongful, of any present or future de jure or de facto government or governmental authority (all such acts or omissions, herein called
“Government Acts”). 
  
 (b) As
between the Borrower and the Issuing Lender and each Lender, the Borrower shall assume all risks of the acts, omissions or misuse of any Letter of Credit by the beneficiary thereof. Neither the Issuing Lender nor any Lender shall be responsible:
(i) for the form, validity, sufficiency, accuracy, genuineness or legal effect of any document submitted by any party in connection with the application for and issuance of any Letter of Credit, even if it should in fact prove to be in any or
all respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) for the validity or sufficiency of 

  

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any instrument transferring or assigning or purporting to transfer or assign any Letter of Credit or the rights or benefits thereunder or proceeds thereof,
in whole or in part, that may prove to be invalid or ineffective for any reason; (iii) for failure of the beneficiary of a Letter of Credit to comply fully with conditions required in order to draw upon a Letter of Credit; (iv) for errors,
omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, telegraph, telex or otherwise, whether or not they be in cipher; (v) for errors in interpretation of technical terms; (vi) for any loss or
delay in the transmission or otherwise of any document required in order to make a drawing under a Letter of Credit or of the proceeds thereof; and (vii) for any consequences arising from causes beyond the control of the Issuing Lender or any
Lender, including, without limitation, any Government Acts. None of the above shall affect, impair, or prevent the vesting of the Issuing Lender’s rights or powers hereunder. 
  
 (c) In furtherance and extension and not in limitation of the specific provisions hereinabove set forth, any
action taken or omitted by the Issuing Lender or any Lender, under or in connection with any Letter of Credit or the related certificates, if taken or omitted in the absence of gross negligence or willful misconduct, shall not put such Issuing
Lender or such Lender under any resulting liability to the Borrower. It is the intention of the parties that this Credit Agreement shall be construed and applied to protect and indemnify the Issuing Lender and each Lender against any and all risks
involved in the issuance of the Letters of Credit, all of which risks are hereby assumed by the Borrower, including, without limitation, any and all risks of the acts or omissions, whether rightful or wrongful, of any Government Authority. The
Issuing Lender and the Lenders shall not, in any way, be liable for any failure by the Issuing Lender or anyone else to pay any drawing under any Letter of Credit as a result of any Government Acts or any other cause beyond the control of the
Issuing Lender and the Lenders. 
  
 (d) Nothing
in this Section 2.19 is intended to limit the Reimbursement Obligation of the Borrower contained in Section 2.3(d) hereof. The obligations of the Borrower under this Section 2.19 shall survive the termination of this Credit Agreement.
No act or omissions of any current or prior beneficiary of a Letter of Credit shall in any way affect or impair the rights of the Issuing Lender and the Lenders to enforce any right, power or benefit under this Credit Agreement. 
  
 (e) Notwithstanding anything to the contrary contained in
this Section 2.19, the Borrower shall have no obligation to indemnify the Issuing Lender or any Lender in respect of any liability incurred by the Issuing Lender or such Lender arising out of the gross negligence or willful misconduct of the
Issuing Lender (including action not taken by the Issuing Lender or such Lender), as determined by a court of competent jurisdiction or pursuant to arbitration. 
  

Section 2.20 Replacement of Lenders. 
  
 If any Lender requests compensation under Section 2.18, or if the Borrower is required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.16, or if any Lender defaults in its obligation to fund Loans 

  

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hereunder, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and
delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 9.6), all of its interests, rights and obligations under this Agreement and the related Credit Documents to an
assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment). 
  
 ARTICLE III 
  
 REPRESENTATIONS AND WARRANTIES 
  
 To induce the Lenders to enter into this Agreement and to make the Extensions of Credit herein provided for, the Credit Parties hereby represent and warrant to the Administrative Agent and to each Lender that:

  
 Section 3.1 Financial Condition.

  
 The Borrower has delivered the following financial
statements to the Administrative Agent: 
  
 (a)
balance sheets and the related statements of income and of cash flows for the fiscal years ended December 29, 2002, January 4, 2004 and January 2, 2005 for the Parent and its Subsidiaries, audited by KPMG, LLP; 
  
 (b) company-prepared unaudited balance sheets and related
statements of income and cash flows for the Parent and its Subsidiaries for the fiscal year ended January 1, 2006; 
  
 (c) company-prepared unaudited monthly balance sheets and related statements of income and cash flows for the Parent and its Subsidiaries
through the next-to-last month ending immediately prior to the Closing Date; 
  
 (d) an opening pro forma balance sheet of the Parent and its Subsidiaries as of January 1, 2006, giving effect to the initial Loans hereunder and the other transactions to occur on the Closing Date; and

  
 (e) five-year projections (consisting of
projected balance sheets and statements of income and cash flows prepared by the Borrower) of the Parent and its Subsidiaries, which shall have been prepared in good faith based upon reasonable assumptions in light of conditions existing at the date
of preparation of such projections, it being recognized that actual results may differ from the projected results by a material amount. 
  
 The financial statements referred to in subsections (a), (b), (c) and (d) above are complete and correct and present fairly the financial
condition of the Parent and its Subsidiaries as of such dates. All such financial statements, including the related schedules and notes thereto, have been 

  

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prepared in accordance with GAAP applied consistently throughout the periods involved (except as disclosed therein). 
  
 Section 3.2 No Change. 
  
 Since January 2, 2005 (a) (and, in addition, after delivery of
annual audited financial statements in accordance with Section 5.1(a), from the date of the most recently delivered annual audited financial statements), there has been no development or event which has had or could reasonably be expected to
have a Material Adverse Effect and (b) no Internal Control Event has occurred. 
  
 Section 3.3 Corporate Existence; Compliance with Law. 
  
 Each of the Borrower and the other Credit Parties (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of
its incorporation or organization; (b) has the requisite power and authority and the legal right to own and operate all its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged and
has taken all actions necessary to maintain all rights, privileges, licenses and franchises necessary or required in the normal conduct of its business; (c) is duly qualified to conduct business and in good standing under the laws of the state
of its organization and each other jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such qualification except to the extent that the failure to so qualify or be in good standing in any such
other jurisdiction could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect; and (d) is in compliance with all Requirements of Law except to the extent that the failure to comply therewith could not,
individually in the aggregate, reasonably be expected to have a Material Adverse Effect. 
  
 Section 3.4 Corporate Power; Authorization; Enforceable Obligations. 
  
 Each of the Borrower and the other Credit Parties has full power and authority and the legal right to make, deliver and perform the Credit Documents to
which it is party and has taken all necessary limited liability company or corporate action to authorize the execution, delivery and performance by it of the Credit Documents to which it is party. No consent or authorization of, filing with, notice
to or other act by or in respect of, any Governmental Authority or any other Person is required in connection with the borrowings hereunder or with the execution, delivery or performance of any Credit Document by the Borrower or the other Credit
Parties (other than those which have been obtained) or with the validity or enforceability of any Credit Document against the Borrower or the other Credit Parties (except such filings as are necessary in connection with the perfection of the Liens
created by such Credit Documents), except for such consents, authorizations, filings, notices and other actions, the failure of which to obtain or perform could not be reasonably expected to have a Material Adverse Effect. Each Credit Document to
which it is a party has been duly executed and delivered on behalf of the Borrower or the other Credit Parties, as the case may be. Each Credit Document to which it is a party constitutes a legal, valid and binding obligation of the Borrower or the
other Credit Parties, as the case may be, enforceable against the Borrower or such other Credit Party, as the case may be, in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, 

  

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insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles
(whether enforcement is sought by proceedings in equity or at law). 
  
 Section 3.5 No Legal Bar; No Default. 
  
 The execution, delivery and performance of the Credit Documents, the borrowings thereunder and the use of the proceeds of the Loans will not violate (a) any material Requirement of Law or any material Contractual Obligation of the
Borrower or any other Credit Party (except those as to which waivers or consents have been obtained), (b) conflict with, result in a breach of or constitute a default under the articles of incorporation, bylaws, articles of organization,
operating agreement or other organization documents of the Credit Parties or any material agreement or other material instrument to which such Person is a party or by which any of its properties may be bound or any material approval or material
consent from any Governmental Authority relating to such Person, and (c) will not result in, or require, the creation or imposition of any Lien on any of its or their respective properties or revenues pursuant to any Requirement of Law or
Contractual Obligation other than the Liens arising under or contemplated in connection with the Credit Documents or Permitted Liens. Neither the Borrower nor any other Credit Party is in default under or with respect to any of its Contractual
Obligations in any respect which could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing. 
  

Section 3.6 No Material Litigation. 
  
 No litigation, investigation, claim, criminal prosecution, civil investigative demand, imposition of criminal or civil fines and penalties, or any other
proceeding of or before any arbitrator or Governmental Authority is pending or, to the best knowledge of the Credit Parties, threatened by or against any Credit Party or any of its Subsidiaries or against any of its or their respective properties or
revenues (a) with respect to the Credit Documents or any Extension of Credit or any of the transactions contemplated hereby, or (b) which, if adversely determined, could reasonably be expected to have a Material Adverse Effect. 

 
 Section 3.7 Investment Company Act; Etc. 
  
 Neither the Borrower nor any other Credit Party is an “investment
company”, or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
  

Section 3.8 Margin Regulations. 
  
 No part of the proceeds of any Extension of Credit hereunder will be used directly or indirectly for any purpose which violates, or which would require
any Lender to make any filing in accordance with, the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System as now and from time to time hereafter in effect. The Credit Parties and their Subsidiaries taken as a
group do not own “margin stock” except as identified in the financial statements referred to in Section 3.1 and the aggregate value of all “margin stock” 

  

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owned by the Credit Parties and their Subsidiaries taken as a group does not exceed 25% of the value of their assets. 
  
 Section 3.9 ERISA. 
  
 Neither a Reportable Event nor an “accumulated funding deficiency”
(within the meaning of Section 412 of the Code or Section 302 of ERISA) has occurred during the five-year period prior to the date on which this representation is made or deemed made with respect to any Plan that could reasonably be
expected to have a Material Adverse Effect, and each Plan has complied with the applicable provisions of ERISA and the Code, except where noncompliance could not reasonably be expected to have a Material Adverse Effect. No termination of a Single
Employer Plan has occurred resulting in any liability that has remained underfunded, and no Lien in favor of the PBGC or a Plan has arisen, during such five-year period that could reasonably be expected to have a Material Adverse Effect. Neither any
Credit Party nor any Commonly Controlled Entity is currently subject to any liability for a complete or partial withdrawal from a Multiemployer Plan that could reasonably be expected to have a Material Adverse Effect. 
  
 Section 3.10 Environmental Matters. 
  
 (a) The facilities and properties owned, leased or operated
by the Borrower and the other Credit Parties or any of their Subsidiaries (the “Properties”) do not contain any Materials of Environmental Concern in amounts or concentrations which (i) constitute a violation of, or
(ii) could give rise to liability on behalf of any Credit Party under, any Environmental Law, except for violations or liability that could not reasonably be expected to have a Material Adverse Effect. 
  
 (b) The Properties and all operations of the Borrower and
the other Credit Parties and/or their Subsidiaries at the Properties are in compliance in all material respects with all applicable Environmental Laws, and there is no contamination at, under or about the Properties or violation of any Environmental
Law with respect to the Properties or the business operated by the Borrower and the other Credit Parties or any of their Subsidiaries (the “Business”), which could reasonably be expected to have a Material Adverse Effect.

  
 (c) Neither the Borrower nor any of the other
Credit Parties has received any written or actual notice of violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or
the Business which could reasonably be expected to result in a Material Adverse Effect, nor does the Borrower or any of the other Credit Parties nor any of their Subsidiaries have knowledge or reason to believe that any such notice will be received
or is being threatened. 
  
 (d) Materials of
Environmental Concern have not been transported or disposed of from the Properties in violation of, or in a manner or to a location which could give rise to liability on behalf of any Credit Party under any Environmental Law, nor have any Materials
of Environmental Concern been generated, treated, stored or 

  

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disposed of at, on or under any of the Properties in violation of, or in a manner that could give rise to liability on behalf of any Credit Party under, any
applicable Environmental Law. 
  
 (e) No judicial
proceeding or governmental or administrative action is pending or, to the knowledge of the Borrower and the other Credit Parties, threatened in writing, under any Environmental Law to which the Borrower or any other Credit Party or any Subsidiary is
or will be named as a party with respect to the Properties or the Business, nor are there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under
any Environmental Law with respect to the Properties or the Business which, in each case, could reasonably be expected to have a Material Adverse Effect. 
  
 (f) There has been no release or threat of release of Materials of Environmental Concern at or from the Properties, or arising from or
related to the operations of the Borrower or any other Credit Party or any Subsidiary in connection with the Properties or otherwise in connection with the Business, in violation of or in amounts or in a manner that could give rise to liability on
behalf of any Credit Party under Environmental Laws, except, in each case, for violations or liabilities that could not reasonably be expected to have a Material Adverse Effect. 
  
 Section 3.11 Use of Proceeds. 
  
 The proceeds of the Extensions of Credit shall be used solely by the Borrower to (a) pay any costs, fees and expenses
in connection with the Credit Documents and the IPO, (b) repay certain existing indebtedness of the Parent and its Subsidiaries (including the Borrower) and (c) provide for working capital and other general corporate requirements of the
Parent and its Subsidiaries (including the Borrower). 
  
 Section 3.12 Subsidiaries; Joint Ventures; Partnerships. 
  
 Set forth on Schedule 3.12 is a complete and accurate list of all Subsidiaries, joint ventures and partnerships of the Credit Parties as of the Closing Date. Information on the attached Schedule includes state
of incorporation or organization; the number of shares of each class of Capital Stock or other equity interests outstanding; the number and percentage of outstanding shares of each class of Capital Stock; and the number and effect, if exercised, of
all outstanding options, warrants, rights of conversion or purchase and similar rights. The outstanding Capital Stock and other equity interests of all such Subsidiaries is validly issued, fully paid and non-assessable and is owned, free and clear
of all Liens (other than Permitted Liens and those arising under or contemplated in connection with the Credit Documents). 
  

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 Section 3.13 Ownership. 
  
 Each Credit Party and its Subsidiaries is the owner of all of its respective personal and real property, and has good and
marketable title to or a valid leasehold interest in, all of its respective real property, which, together with assets leased or licensed by the Credit Parties and their Subsidiaries, represents all assets in the aggregate material to the conduct of
the businesses of the Credit Parties and their Subsidiaries, and (after giving effect to the transactions contemplated to occur on the Closing Date) none of such assets is subject to any Lien other than Permitted Liens. Each Credit Party and its
Subsidiaries enjoys peaceful and undisturbed possession under all of its leases and all such leases are valid and subsisting and in full force and effect. 
  
 Section 3.14 Indebtedness. 
  
 Except as otherwise permitted under Section 6.1, the Credit Parties and their Subsidiaries have no Indebtedness. 
  
 Section 3.15 Taxes. 
  
 Each of the Credit Parties and its Subsidiaries has filed, or caused to be
filed, all federal and material state, local and foreign tax returns required to be filed and paid (a) all amounts of taxes shown thereon to be due (including interest and penalties) and (b) all other taxes, fees, assessments and other
governmental charges (including mortgage recording taxes, documentary stamp taxes and intangibles taxes) owing by it, except for such taxes (i) which are not yet delinquent or (ii) that are being contested in good faith and by proper
proceedings, and against which adequate reserves are being maintained in accordance with GAAP. Neither any of the Credit Parties nor any of its Subsidiaries are aware as of the Closing Date of any proposed tax assessments against it or any of its
Subsidiaries. 
  
 Section 3.16 Intellectual
Property. 
  
 Each of the Credit Parties and its
Subsidiaries owns, or has the legal right to use, all Intellectual Property necessary for each of them to conduct its business as currently conducted. Set forth on Schedule 3.16 is a list of all Intellectual Property owned by each of the
Credit Parties and its Subsidiaries or that each of the Credit Parties or any of its Subsidiaries has the right to use. Except as disclosed in Schedule 3.16 hereto, (a) the specified Credit Party has the right to use the Intellectual
Property disclosed in Schedule 3.16 hereto in perpetuity and without payment of royalties, (b) all registrations with and applications to Governmental Authorities in respect of such Intellectual Property are valid and in full force and
effect and are not subject to the payment of any taxes or maintenance fees or the taking of any interest therein, held by any of the Credit Parties to maintain their validity or effectiveness, and (c) there are no restrictions on the direct or
indirect transfer of any Contractual Obligation, or any interest therein, held by any of the Credit Parties in respect of such Intellectual Property which has not been obtained. None of the Credit Parties is in default (or with the giving of notice
or lapse of time or both, would be in default) under any license to use such Intellectual Property; no claim has been asserted and is pending by any Person challenging or questioning the use of any such Intellectual Property or the 

  

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validity or effectiveness of any such Intellectual Property, nor do the Credit Parties or any of their Subsidiaries know of any such claim, in either case
which could reasonably be expected to have a Material Adverse Effect; and, to the knowledge of the Credit Parties or any of their Subsidiaries, the use of such Intellectual Property by any of the Credit Parties or any of its Subsidiaries does not
infringe on the rights of any Person, in each case which could reasonably be expected to have a Material Adverse Effect. The Credit Parties have recorded or deposited with and paid to the United States Copyright Office, the Register of Copyrights,
the Copyrights Royalty Tribunal or other Governmental Authority, all notices, statements of account, royalty fees and other documents and instruments required under the terms and conditions of any Contractual Obligation of the Credit Parties and/or
under Title 17 of the United States Code and the rules and regulations issued thereunder (collectively, the “Copyright Act”), and are not liable to any Person for copyright infringement under the Copyright Act or any other law,
rule, regulation, contract or license as a result of their business operations. Schedule 3.16 may be updated from time to time by the Borrower to include new Intellectual Property by giving written notice thereof to the Administrative Agent.

  
 Section 3.17 Solvency. 
  
 The fair saleable value of the Credit Parties’ assets, taken as a
whole, measured on a going concern basis, exceeds all of their probable liabilities, including those to be incurred pursuant to this Credit Agreement. None of the Credit Parties (a) has unreasonably small capital in relation to the business in
which it is or proposes to be engaged or (b) has incurred, or believes that it will incur after giving effect to the transactions contemplated by this Credit Agreement, debts beyond its ability to pay such debts as they become due. 

 
 Section 3.18 Investments. 
  
 All Investments of each of the Credit Parties and its Subsidiaries are
Permitted Investments. 
  
 Section 3.19 Location of
Collateral. 
  
 Set forth on Schedule 3.19(a) is a
list of the Properties of the Credit Parties and their Subsidiaries as of the Closing Date, with street address, county and state where located. Set forth on Schedule 3.19(b) is a list of all locations where any tangible personal property of
the Credit Parties and their Subsidiaries is located as of the Closing Date, including county and state where located. Set forth on Schedule 3.19(c) is the chief executive office and principal place of business of each of the Credit Parties
and their Subsidiaries and the State of incorporation or organization of each such Person. 
  
 Section 3.20 Brokers’ Fees. 
  
 None of the Credit Parties or any of its Subsidiaries has any obligation to any Person in respect of any finder’s, broker’s, investment banking or other similar fee in connection with any of the transactions
contemplated under the Credit Documents other than the closing and other fees payable pursuant to this Credit Agreement, the underwriting and related fees payable in 

  

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connection with the IPO and the dealer manage fee payable in connection with the tender offer for the Parent’s 7.5% Senior Secured Notes. 
  
 Section 3.21 Labor Matters. 
  
 There are no collective bargaining agreements or Multiemployer Plans
covering the employees of any of the Credit Parties or any of its Subsidiaries as of the Closing Date, other than as set forth in Schedule 3.21 hereto, and none of the Credit Parties or any of its Subsidiaries (i) has suffered any
strikes, walkouts, work stoppages or other material labor difficulty within the last five years, other than as set forth in Schedule 3.21 hereto or (ii) has knowledge of any potential or pending strike, walkout or work stoppage. Other
than as set forth on Schedule 3.21, no unfair labor practice complaint is pending against any Credit Party or any of its Subsidiaries or, to the best knowledge of the Credit Parties, before any Governmental Authority that could, either
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 
  
 Section 3.22 Security Documents. 
  
 The Security Documents create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and Liens are currently (or will be, upon the filing of appropriate
financing statements in favor of the Administrative Agent, on behalf of the Lenders, and upon the Administrative Agent, on behalf of the Lenders, obtaining Control (as defined in the Security Agreement) or possession over those items of Collateral
in which a security interest is perfected through Control or possession) perfected security interests and Liens, prior to all other Liens other than Permitted Liens. 
  
 Section 3.23 Accuracy and Completeness of Information and Representations and Warranties. 
  
 The factual information heretofore, contemporaneously or hereafter furnished
in writing by or on behalf of any Credit Party or any of its Subsidiaries to the Administrative Agent or any Lender for purposes of or in connection with this Agreement or any other Credit Document, or any transaction contemplated hereby or thereby,
taken as a whole, neither contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading; provided that, with respect
to projected financial information, pro forma financial information, estimated financial information and other projected or estimated information, such information was prepared in good faith based upon assumptions believed to be reasonable at the
time, it being recognized that actual results may differ from the projected results by a material amount. There is no fact now known to the Borrower, any other Credit Party or any of their Subsidiaries which has, or could reasonably be expected to
have, a Material Adverse Effect which fact has not been set forth herein, in the financial statements of the Parent and its Subsidiaries furnished to the Administrative Agent and/or the Lenders, or in any certificate, opinion or other written
statement made or furnished by any Credit Party to the Administrative Agent and/or the Lenders. 
  

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 Section 3.24 Insurance. 
  
 The present insurance coverage of the Credit Parties and their Subsidiaries is outlined as to carrier, policy number,
expiration date, type and amount in the Deposit Account and Insurance Letter and such insurance coverage complies with the requirements set forth in Section 5.5(b) or has been otherwise approved by the Administrative Agent. 
  
 Section 3.25 Classification as Senior Indebtedness.

  
 The Credit Party Obligations constitute “Senior
Indebtedness” and “Designated Senior Indebtedness” (or equivalent terms) under and as defined in any agreement governing outstanding Subordinated Indebtedness and the subordination provisions set forth in each such agreement are
legally valid and enforceable against the Credit Parties and, to the knowledge of the Credit Parties, the other parties thereto. 
  
 Section 3.26 [Intentionally Omitted]. 
  
 Section 3.27 Foreign Assets Control Regulations, Etc. 
  
 None of the Credit Parties and none of their Subsidiaries is an “enemy” or an “ally of the enemy” within
the meaning of Section 2 of the Trading with the Enemy Act of the United States of America (50 U.S.C. App. §§ 1 et seq.), as amended. None of the Credit Parties and none of their Subsidiaries is in violation of (a) the
Trading with the Enemy Act, as amended, (b) any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto, or
(c) the Patriot Act (as defined in Section 9.18). None of the Credit Parties (i) is a blocked person described in section 1 of the Anti-Terrorism Order or (ii) to the best of its knowledge, engages in any dealings or
transactions, or is otherwise associated, with any such blocked person. 
  
 Section 3.28 Deposit and Disbursement Accounts. 
  
 The Deposit Account and Insurance Letter lists all banks and other financial institutions at which any Credit Party maintains deposit or other accounts as of the Closing Date and such Schedule correctly identifies the
name, address and telephone number of each depository, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor. 
  
 Section 3.29 Customer and Trade Relations. 
  
 As of the Closing Date, there exists no actual or, to the knowledge of any Credit Party, threatened termination or
cancellation of, or any material adverse modification or change in the business relationship of any Credit Party with any customer or group of customers whose purchases during the preceding twelve months caused them to be ranked among the ten
largest customers of such Credit Party; or in the business relationship of any Credit Party with any supplier material to its operation; such that in either case, such termination, cancellation, modification or change could reasonably be expected to
have a Material Adverse Effect. 
  

 66 

 Section 3.30 Government and Material Contracts. 
  
 Schedule 3.30 sets forth a true and correct and complete list of all
Material Contracts currently in effect and all contracts or agreements with any Governmental Authority. All of the Material Contracts are in full force and effect and to the knowledge of the Credit Parties no material defaults currently exist
thereunder. 
  
 ARTICLE IV 
  
 CONDITIONS PRECEDENT 
  
 Section 4.1 Conditions to Closing Date and Initial Extensions of
Credit. 
  
 This Agreement shall become effective upon,
and the obligation of each Lender to make the initial Revolving Loans and the Swingline Loans on the Closing Date is subject to, the satisfaction of the following conditions precedent: 
  
 (a) Execution of Agreements. The Administrative Agent shall have received (i) counterparts of
this Agreement, (ii) for the account of each Lender, a Revolving Note, (iii) for the account of the Swingline Lender, the Swingline Note, and (iv) counterparts of the Security Agreement, the Pledge Agreement and each other Credit
Document to be executed on the Closing Date, in each case conforming to the requirements of this Agreement and executed by a duly authorized officer of each party thereto, and in each case in form and substance satisfactory to the Lenders.

  
 (b) Authority Documents. The
Administrative Agent shall have received the following: 
  
 (i) Articles of Incorporation/Charter Documents. Copies of the articles of incorporation or other charter documents, as applicable, of each Credit Party certified to be true and complete as of a recent date
(A) in the case of the Borrower, by the appropriate Governmental Authority of the state of its incorporation or organization and (B) in the case of each Guarantor, by a secretary or assistant secretary of such Guarantor. 
  
 (ii) Resolutions. Copies of resolutions of the board
of directors of each Credit Party approving and adopting the Credit Documents, the transactions contemplated therein and authorizing execution and delivery thereof, certified by a secretary or assistant secretary of such Credit Party (pursuant to a
secretary’s certificate in substantially the form of Schedule 4.1-1 attached hereto) as of the Closing Date to be true and correct and in force and effect as of such date. 
  
 (iii) Bylaws/Operating Agreement. A copy of the bylaws or comparable operating agreement of each
Credit Party certified by a secretary or assistant secretary of such Credit Party (pursuant to a secretary’s certificate in 

  

 67 

 
substantially the form of Schedule 4.1-1 attached hereto) as of the Closing Date to be true and correct and in force and effect as of such date.

  
 (iv) Good Standing. Copies of
(i) certificates of good standing, existence or its equivalent with respect to each Credit Party certified as of a recent date by the appropriate Governmental Authorities of the state of incorporation or organization and each other state in
which such Credit Party is qualified to do business. 
  
 (v) Incumbency. An incumbency certificate of each Credit Party certified by a secretary or assistant secretary (pursuant to a secretary’s certificate in substantially the form of Schedule 4.1-1 attached hereto) to be true
and correct as of the Closing Date. 
  
 (c)
Legal Opinions of Counsel. The Administrative Agent shall have received an opinion or opinions of counsel with respect to the Credit Documents, in form and substance reasonably acceptable to the Administrative Agent. 
  
 (d) Personal Property Collateral. The Administrative
Agent shall have received, in form and substance satisfactory to the Administrative Agent: 
  
 (i) searches of Uniform Commercial Code filings in the jurisdiction of the chief executive office of each Credit Party, the State of
incorporation or organization of each Credit Party and each jurisdiction where any Collateral is located or where a filing would need to be made in order to perfect the Administrative Agent’s security interest in the Collateral, copies of the
financing statements on file in such jurisdictions and evidence that no Liens exist other than Permitted Liens or Liens being terminated prior to or contemporaneously with the making of initial Revolving Loans; 
  
 (ii) UCC financing statements in suitable form for each
appropriate jurisdiction as is necessary, in the Administrative Agent’s sole discretion, to perfect the Administrative Agent’s and the Lenders’ security interest in the Collateral; 
  
 (iii) duly executed consents as are necessary, in the
Administrative Agent’s reasonable discretion, to perfect the Lenders’ security interest in the Collateral; 
  
 (iv) searches of ownership of Intellectual Property in the appropriate governmental offices and such patent/trademark/copyright filings as
requested by the Administrative Agent in order to perfect the Administrative Agent’s security interest in the Intellectual Property; 
  

 68 

 (v) such patent/trademark/copyright filings as requested by the Administrative Agent in
order to perfect the Administrative Agent’s security interest in the Intellectual Property; 
  
 (vi) all stock certificates, if any, evidencing the Capital Stock pledged to the Administrative Agent pursuant to the Pledge Agreement,
together with the duly executed in blank undated stock powers attached or for attachment thereto; 
  
 (vii) all instruments and chattel paper in the possession of any of the Credit Parties, together with allonges or assignments as may be
necessary or appropriate to perfect the Administrative Agent’s security interest in the Collateral; and 
  
 (viii) a duly executed account control agreement with respect to the Borrower’s concentration account located at LaSalle Bank.

  
 (e) Liability, Casualty, Property and
Business Interruption Insurance. The Administrative Agent shall have received copies of insurance policies or certificates of insurance evidencing liability, casualty and property insurance meeting the requirements set forth herein or in the
Security Documents and business interruption insurance reasonably satisfactory to the Administrative Agent. The Administrative Agent shall be named as loss payee or mortgagee, as its interest may appear, and/or additional insured with respect to any
such insurance providing coverage in respect of any Collateral, and each provider of any such insurance shall agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the Administrative Agent, that it
will give the Administrative Agent thirty days prior written notice before any such policy or policies shall be altered or canceled except in the case of a failure to pay any premium due, in which case it will provide the Administrative Agent ten
(10) days’ notice. 
  
 (f) Fees.
The Administrative Agent and the Lenders shall have received all fees, if any, due and owing pursuant to the Fee Letter and Section 2.5. 
  
 (g) Litigation. There shall not exist pending or threatened litigation, investigation, claim, bankruptcy or insolvency, injunction
or order that could reasonably be expected to have a Material Adverse Effect. 
  
 (h) Solvency Certificate. The Administrative Agent shall have received an officer’s certificate prepared by the chief financial officer of the Borrower as to the financial condition, solvency and related
matters of the Credit Parties, in each case after giving effect to the IPO and the initial borrowings under the Credit Documents, in substantially the form of Schedule 4.1-2 hereto. 
  
 (i) Account Designation Letter. The Administrative
Agent shall have received the executed Account Designation Letter in the form of Schedule 1.1-1 hereto. 
  

 69 

 (j) Consents. The Administrative Agent shall have received evidence that all
governmental, shareholder, board of director and material third party consents and approvals necessary in connection with the IPO, the Credit Documents and the other transactions contemplated hereby have been obtained and all applicable waiting
periods have expired without any action being taken by any authority that could restrain, prevent or impose any material adverse conditions on such transactions or that could seek or threaten any of such transactions. 
  
 (k) Compliance with Laws. The IPO, the financings and
other transactions contemplated hereby shall be in compliance in all material respects with all applicable laws and regulations (including all applicable securities and banking laws, rules and regulations). 
  
 (l) Bankruptcy. There shall be no bankruptcy or
insolvency proceedings pending with respect to any Credit Party or any of its Subsidiaries. 
  
 (m) Financial Statements. The Administrative Agent shall have received copies of the financial statements referred to in
Section 3.1 hereof, each in form and substance reasonably satisfactory to it. 
  
 (n) Material Contracts. The Administrative Agent shall have received true and complete copies, certified by an officer of the
Borrower as true and complete, of all Material Contracts, together with all exhibits and schedule thereto. 
  
 (o) Transaction Documents. The Administrative Agent shall have reviewed and shall have found satisfactory to it all of the
Transaction Documents and there shall not have been any material modification, amendment, supplement or waiver to the Transaction Documents in the form reviewed without the prior written consent of the Administrative Agent, and the IPO shall have
been consummated in accordance with the terms of the Transaction Documents (without waiver of any material conditions precedent to the obligations of any party thereto). The Administrative Agent shall have received a copy, certified by an officer of
the Borrower as true and complete, of each Transaction Document as originally executed and delivered, together with all exhibits and schedules thereto. 
  
 (p) IPO Proceeds. The Parent shall have received (or simultaneously with the closing of the Loans hereunder, the Parent will
receive) net cash equity proceeds from the IPO in an amount not less than $75,000,000. 
  
 (q) Corporate Structure. The Administrative Agent shall be reasonably satisfied with (i) the corporate and capital structure
of the Parent and its Subsidiaries after giving effect to the IPO, the Credit Documents and the other transactions contemplated hereby, (ii) all legal, tax and accounting matters relating to the IPO, the Credit Documents and the other
transactions contemplated hereby or to the Parent and its Subsidiaries after giving effect thereto and (iii) the aggregate amount of fees and expenses payable in connection with the IPO, the Credit Documents and the other transactions
contemplated hereby. 
  

 70 

 (r) Termination of Existing Indebtedness. All existing Indebtedness (except for
Indebtedness set forth on Schedule 6.1) for borrowed money of the Parent and its Subsidiaries (including the Borrower) shall have been repaid in full or shall be repaid upon funding of the initial Revolving Loans on the Closing Date and all
commitments relating thereto shall have been terminated and all Liens relating thereto shall have been extinguished or shall be extinguished immediately upon the funding of the initial Revolving Loans hereunder and repayment thereof. 
  
 (s) Officer’s Certificates. The Administrative
Agent shall have received a certificate executed by a Responsible Officer of the Borrower as of the Closing Date stating that (i) no action, suit, investigation or proceeding is pending or, to his knowledge, threatened in writing in any court
or before any arbitrator or governmental instrumentality that purports to affect any Credit Party, the IPO or any other transaction contemplated by the Credit Documents, if such action, suit, investigation or proceeding could reasonably be expected
to have a Material Adverse Effect and (ii) immediately after giving effect to this Credit Agreement (including the initial Extensions of Credit hereunder), the other Credit Documents, the IPO and all the transactions contemplated therein to
occur on such date, (A) no Default or Event of Default exists, (B) all representations and warranties contained herein and in the other Credit Documents are true and correct, and (C) the Credit Parties are in compliance with each of
the financial covenants set forth in Section 5.9 in each case after giving effect to the IPO and the initial borrowings under the Credit Documents on a pro forma basis, and demonstrating compliance with such financial covenants. 
  
 (t) No Material Adverse Change. Since January 2,
2005, there shall have been no change which has had or could reasonably be expected to have a Material Adverse Effect. 
  
 (u) Patriot Act Certificate. The Administrative Agent shall have received a certificate satisfactory thereto, for benefit of itself
and the Lenders, provided by the Borrower that sets forth information required by the Patriot Act, including without limitation, the identity of the Credit Parties, the name and address of the Credit Parties and other information that will allow the
Administrative Agent or any Lender, as applicable, to identify the Credit Parties in accordance with the Patriot Act. 
  
 (v) Minimum Pro Forma EBITDAR. The Administrative Agent shall have received a certificate of the Borrower’s Chief Financial
Officer demonstrating that Consolidated EBITDAR of the Parent and its Subsidiaries on a consolidated basis (pro forma after giving effect to the IPO, the Credit Documents and the other transactions contemplated hereby) for the 12 months immediately
preceding the Closing Date is at least $47,520,000. 
  
 (w) Adjusted Leverage Ratio. The Administrative Agent shall have received a certificate of the Borrower’s Chief Financial Officer demonstrating that the Adjusted 

  

 71 

 
Leverage Ratio, pro forma after giving effect to the IPO, the Credit Documents and the other transactions contemplated hereby, does not exceed 4.60 to 1.0.

  
 (x) Additional Matters. All other
documents and legal matters in connection with the transactions contemplated by this Agreement shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel. 
  
 Section 4.2 Conditions to All Extensions of Credit.

  
 The obligation of each Lender to make any Extension of
Credit hereunder is subject to the satisfaction of the following conditions precedent on the date of making such Extension of Credit: 
  
 (a) Representations and Warranties. The representations and warranties made by the Credit Parties herein, in the Security Documents
or which are contained in any certificate furnished at any time under or in connection herewith shall (i) with respect to representations and warranties that contain a materiality qualification, be true and correct and (ii) with respect to
representations and warranties that do not contain a materiality qualification, be true and correct in all material respects, in each case on and as of the date of such Extension of Credit as if made on and as of such date except for any
representation and warranty made as of an earlier date, which representation and warranty shall remain true and correct as of such earlier date. 
  
 (b) No Default or Event of Default. No Default or Event of Default shall have occurred and be continuing on such date or after
giving effect to the Extension of Credit to be made on such date unless such Default or Event of Default shall have been waived in accordance with this Agreement. 
  
 (c) Compliance with Commitments. Immediately after giving effect to the making of any such Extension
of Credit (and the application of the proceeds thereof), (i) the sum of aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed the Revolving Committed
Amount, (ii) the LOC Obligations shall not exceed the LOC Committed Amount and (iii) the outstanding Swingline Loans shall not exceed the Swingline Committed Amount. 
  
 (d) Additional Conditions to Extensions of Credit. If such Extension of Credit is made pursuant to
Sections 2.1, 2.2, 2.3 or 2.4 all conditions set forth in such Section shall have been satisfied. 
  
 Each request for an Extension of Credit and each acceptance by the Borrower of any such Extension of Credit shall be deemed to constitute a representation
and warranty by the Borrower as of the date of such Extension of Credit that the applicable conditions in subsections (a) through (d) of this Section have been satisfied. 
  

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 ARTICLE V 
  

AFFIRMATIVE COVENANTS 
  
 The Credit Parties hereby covenant and agree that on the Closing Date, and thereafter for so long as this Agreement is in effect and until the Commitments
have terminated and the Credit Party Obligations, together with interest, Commitment Fees and all other amounts owing to the Administrative Agent or any Lender hereunder, are paid in full, the Credit Parties shall, and shall cause each of their
Subsidiaries, to: 
  
 Section 5.1 Financial
Statements. 
  
 Furnish to the Administrative Agent and
each of the Lenders: 
  
 (a) Annual Financial
Statements. As soon as available, and in any event no later than the earlier of (i) the date the Parent is required by the SEC to deliver its Form 10-K for any fiscal year of the Parent (taking into account any extension of the time to file
by the SEC) and (ii) one hundred and twenty (120) days after the end of each fiscal year of the Parent, a copy of the consolidated balance sheet of the Parent and its consolidated Subsidiaries as at the end of such fiscal year and the
related consolidated statements of income and retained earnings and of cash flows of the Parent and its consolidated Subsidiaries for such year, audited (with respect to the consolidated statements only) by a firm of independent certified public
accountants of nationally recognized standing reasonably acceptable to the Administrative Agent, in each case setting forth in comparative form consolidated figures for the preceding fiscal year, reported on without a “going concern” or
like qualification or exception, or qualification indicating that the scope of the audit was inadequate to permit such independent certified public accountants to certify such financial statements without such qualification; 
  
 (b) Quarterly Financial Statements. As soon as
available, and in any event no later than the earlier of (i) the date the Parent is required by the SEC to deliver its Form 10-Q for any fiscal quarter of the Parent (taking into account any extension of the time to file by the SEC) and
(ii) sixty days after the end of each of the fiscal quarters of the Parent, a company-prepared consolidated balance sheet of the Parent and its consolidated Subsidiaries as at the end of such period and related company-prepared consolidated
statements of income and retained earnings and cash flows for the Parent and its consolidated Subsidiaries for such quarterly period and for the portion of the fiscal year ending with such period, in each case setting forth in comparative form
consolidated figures for the corresponding period or periods of the preceding fiscal year (subject to normal recurring year-end audit adjustments) and including management discussion and analysis of operating results inclusive of operating metrics
in comparative form and a summary of accounts receivable and accounts payable aging reports in form satisfactory to the Lenders; and 
  
 (c) Annual Budget Plan. As soon as available, but in any event within forty-five days after the end of each fiscal year, a copy of
the detailed annual budget or plan 

  

 73 

 
including cash flow projections of the Parent for the next fiscal year on a quarterly basis, in form and detail reasonably acceptable to the Administrative
Agent, together with a summary of the material assumptions made in the preparation of such annual budget or plan; 
  
 all such financial statements provided in accordance with subsections (a) and (b) to be complete and correct in all material respects (subject, in the case of
interim statements, to normal recurring year-end audit adjustments) and to be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein and further accompanied by a description of, and an
estimation of the effect on the financial statements on account of, a change, if any, in the application of accounting principles as provided in Section 1.3. 
  
 Section 5.2 Certificates; Other Information. 
  
 Furnish to the Administrative Agent and each of the Lenders: 
  
 (a) concurrently with the delivery of the financial
statements referred to in Section 5.1(a) above, a certificate of the independent certified public accountants reporting on such financial statements stating that in making the examination necessary therefor no knowledge was obtained of any
Default or Event of Default arising as a result of noncompliance with the covenants and provisions of Section 5.9 hereof, except as specified in such certificate; 
  
 (b) concurrently with the delivery of the financial statements referred to in Sections 5.1(a) and
(b) above, a certificate of a Responsible Officer substantially in the form of Schedule 5.2(b) (i) stating that, (A) such financial statements present fairly the financial position of the Parent and its consolidated
Subsidiaries for the periods indicated in conformity with GAAP applied on a consistent basis, (B) each of the Credit Parties during such period observed or performed in all material respects all of its covenants and other agreements, and
satisfied in all material respects every condition, contained in this Credit Agreement to be observed, performed or satisfied by it, and (C) such Responsible Officer has obtained no knowledge of any Default or Event of Default except as
specified in such certificate and (ii) in connection with the financial statements referred to in Sections 5.1(a) and (b) above, providing calculations in reasonable detail required to indicate compliance with Section 5.9 as of the
last day of such period. 
  
 (c) within ten days
after the same are sent, copies of all reports (other than those otherwise provided pursuant to Section 5.1 or those which are of a promotional nature) and other financial information which the Parent sends to its equity holders, and within ten
days after the same are filed, copies of all financial statements and non-confidential reports which the Parent may make to, or file with the Securities and Exchange Commission or any successor or analogous Governmental Authority; 
  
 (d) at such time as the annual financial statements are
delivered pursuant to Section 5.1(a), a certificate containing information regarding the amount of all Asset 

  

 74 

 
Dispositions and Debt Issuances that were made during the prior fiscal year and amounts received in connection with any Recovery Event during the prior
fiscal year; 
  
 (e) promptly upon receipt
thereof, a copy of any other report or “management letter” submitted or presented by independent accountants to any Credit Party or any of its Subsidiaries in connection with any annual, interim or special audit of the books of such
Person; and 
  
 (f) promptly, such additional
financial and other information as the Administrative Agent, on behalf of any Lender, may from time to time reasonably request. 
  
 Section 5.3 Payment of Obligations. 
  
 Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its Federal and material state, local
and any other taxes and all its other material obligations and liabilities of whatever nature and any additional costs that are imposed as a result of any failure to so pay, discharge or otherwise satisfy such obligations and liabilities, except
when the amount or validity of such obligations, liabilities and costs is currently being contested in good faith by appropriate proceedings and reserves, if applicable, in conformity with GAAP with respect thereto have been provided on the books of
the Parent or its Subsidiaries (including the Borrower), as the case may be. 
  
 Section 5.4 Conduct of Business and Maintenance of Existence. 
  
 Continue to engage in business of the same general type as now conducted by it on the Closing Date and businesses related or complementary thereto or
reasonable extensions thereof, preserve, renew and keep in full force and effect its corporate existence and good standing and take all reasonable action to maintain all material rights, privileges and franchises necessary in the normal conduct of
its business; comply with all Contractual Obligations and Requirements of Law applicable to it except to the extent that failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect. 

 
 Section 5.5 Maintenance of Property; Insurance.

  
 (a) Keep all material property useful and
necessary in its business in good working order and condition (ordinary wear and tear and obsolescence excepted); 
  
 (b) Maintain with financially sound and reputable insurance companies insurance on all its property (including without limitation its
tangible Collateral) in at least such amounts and against at least such risks as are usually insured against in the same general area by companies engaged in the same or a similar business (including, without limitation, liability, property,
casualty and business interruption insurance); and furnish to the Administrative Agent, upon written request, full information as to the insurance carried. The Administrative Agent shall be named as loss payee or mortgagee, as its interest may
appear, and the Administrative Agent shall be named as an additional 

  

 75 

 
insured with respect to any such liability insurance and any property or casualty insurance providing coverage in respect of any Collateral, and each
provider of any such insurance shall agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the Administrative Agent, that, unless otherwise agreed to by the Administrative Agent, it will give the
Administrative Agent thirty days prior written notice before any such policy or policies shall be altered or canceled for reason other than non-payment of premium and give the Administrative Agent ten days prior written notice before any such policy
or policies shall be altered or cancelled due to non-payment, and that no act or default of any Credit Party or any of its Subsidiaries or any other Person shall affect the rights of the Administrative Agent or the Lenders under such policy or
policies; and 
  
 (c) In case of any material
loss, damage to or destruction of any Collateral of any Credit Party having a replacement cost in excess of $500,000, such Credit Party shall promptly give written notice thereof to the Administrative Agent generally describing the nature and extent
of such damage or destruction. In case of any loss, damage to or destruction of a material portion of the Collateral of any Credit Party or any part thereof, such Credit Party, whether or not the insurance proceeds, if any, received on account of
such damage or destruction shall be sufficient for that purpose, at such Credit Party’s cost and expense, will promptly repair or replace the Collateral of such Credit Party so lost, damaged or destroyed. 
  
 Section 5.6 Inspection of Property; Books and Records;
Discussions. 
  
 Keep proper books of records and account
in which full, true and correct entries in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its businesses and activities; and permit, during regular business hours and upon reasonable
prior notice by the Administrative Agent or any Lender, the Administrative Agent or any Lender to (a) visit and inspect any of its properties (to the extent that such request does not materially interfere with the business operations of the
Credit Parties), (b) examine and make abstracts from any of its books and records (other than (i) materials and affairs protected by the attorney-client privilege and (ii) materials which such Credit Party may not disclose without
violating the confidentiality restrictions therein), and (c) to discuss the business, operations, properties and financial and other condition of the Credit Parties and their Subsidiaries with officers and employees of the Credit Parties and
their Subsidiaries and with its independent certified public accountants, in each case at the Borrower’s expense; provided, that so long as no Event of Default shall have occurred and be continuing, the Administrative Agent and the
Lenders shall meet no more than once per year with the independent certified public accountants of the Credit Parties. 
  
 Section 5.7 Notices. 
  
 Give notice in writing to the Administrative Agent (which shall promptly transmit such notice to each Lender) of: 
  
 (a) promptly, but in any event within two Business Days
after any Credit Party knows of the occurrence of any Default or Event of Default; 
  

 76 

 (b) promptly, any default or event of default under any Contractual Obligation of any
Credit Party or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect or involve a monetary claim in excess of $5,000,000; 
  
 (c) promptly, any litigation, or any investigation or proceeding (A) affecting any Credit Party or any
of its Subsidiaries which, if adversely determined, could reasonably be expected to have a Material Adverse Effect or (B) affecting or with respect to this Credit Agreement or any other Credit Document; 
  
 (d) promptly, and in any event within thirty days after any
Credit Party knows or has reason to know thereof: (i) the occurrence or expected occurrence of any Reportable Event with respect to any Plan, a failure to make any required contribution to a Plan, the creation of any Lien in favor of the PBGC
(other than a Permitted Lien) or a Plan or any withdrawal from, or the termination, Reorganization or Insolvency of, any Multiemployer Plan or (ii) the institution of proceedings or the taking of any other action by the PBGC or any Credit Party
or any Commonly Controlled Entity or any Multiemployer Plan with respect to the withdrawal from, or the terminating, Reorganization or Insolvency of, any Plan; 
  

(e) promptly, any notice of any violation of a Requirement of Law received by any Credit Party from any Governmental Authority
including, without limitation, any notice of violation of Environmental Laws which in any such case could reasonably expected to have a Material Adverse Effect; 
  
 (f) promptly, any labor controversy that has resulted in, or is reasonably likely to result in, a strike or
other work action against the Parent or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect; 
  
 (g) promptly, any attachment, judgment, lien, levy or order exceeding $5,000,000 that may be assessed against or threatened in writing
against the Parent or any of its Subsidiaries other than Permitted Liens; 
  
 (h) promptly after becoming aware of the occurrence of any Internal Control Event; 
  
 (i) promptly, any other development or event which could reasonably be expected to have a Material Adverse Effect; and 
  
 (j) promptly, upon beginning construction of or upon the
acquisition of a new restaurant. 
  
 Each notice pursuant to clauses
(a) through (i) of this Section shall be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and 

  

 77 

 
stating what action the Borrower proposes to take with respect thereto. In the case of any notice of a Default or Event of Default, the Borrower shall
specify that such notice is a Default or Event of Default notice on the face thereof. 
  
 Section 5.8 Environmental Laws. 
  
 (a) Comply in all material respects with, and take commercially reasonable action to ensure compliance in all material respects by all
tenants and subtenants, if any, with, all applicable Environmental Laws and obtain and comply in all material respects with and maintain, and ensure that all tenants and subtenants obtain and comply in all material respects with and maintain, any
and all licenses, approvals, notifications, registrations or permits required by applicable Environmental Laws, except in each case as could not be reasonably expected to have a Material Adverse Effect; 
  
 (b) Conduct and complete all investigations, studies,
sampling and testing, and all remedial, removal and other actions required under Environmental Laws and promptly comply in all material respects with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws
except to the extent that the same are being contested in good faith by appropriate proceedings or where the failure to do any of the foregoing could not reasonably be expected to have a Material Adverse Effect; and 
  
 (c) Defend, indemnify and hold harmless the Administrative
Agent and the Lenders, and their respective employees, agents, officers and directors and affiliates, from and against any and all claims, demands, penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature
known or unknown, contingent or otherwise, arising out of, or in any way relating to the violation of, noncompliance with or liability under, any Environmental Law applicable to the operations of any Credit Party or any of its Subsidiaries or the
Properties, or any orders, requirements or demands of Governmental Authorities related thereto, including, without limitation, reasonable attorney’s and consultant’s fees, investigation and laboratory fees, response costs, court costs and
litigation expenses, except to the extent that any of the foregoing arise out of the gross negligence or willful misconduct of the party seeking indemnification therefor. The agreements in this paragraph shall survive repayment of the Notes and all
other amounts payable hereunder. 
  
 Section 5.9
Financial Covenants. 
  
 Each of the Credit Parties
shall, and shall cause each of its Subsidiaries to, comply with the following financial covenants: 
  
 (a) Maximum Adjusted Leverage Ratio. The Adjusted Leverage Ratio, as of the last day of each fiscal quarter of the Parent, shall be
less than or equal to 5.00 to 1.0. 
  

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 (b) Minimum Fixed Charge Coverage Ratio. The Fixed Charge Coverage Ratio, as of
the last day of each fiscal quarter of the Parent, shall be greater than or equal to 1.50 to 1.0. 
  
 (c) Maximum Consolidated Capital Expenditures. Consolidated Capital Expenditures made during each fiscal year of the Parent shall
be less than or equal to the amounts set forth below: 
  

				
	 Fiscal Year Ending

	  	Amount

	 December 31, 2006
	  	$	33,500,000
	 December 30, 2007
	  	$	27,500,000
	 December 28, 2008
	  	$	27,500,000
	 January 3, 2010
	  	$	30,000,000
	 January 2, 2011
	  	$	30,000,000
	 January 1, 2012
	  	$	30,000,000

  
 plus the unused amount available for Consolidated Capital Expenditures under this Section 5.9(c) for the immediately preceding fiscal year (excluding any carry forward available from any prior fiscal year); provided, that
with respect to any fiscal year, capital expenditures made during any such fiscal year shall be deemed to be made first with respect to the applicable limitation for such year and then with respect to any carry forward amount to the extent
applicable. 
  
 Section 5.10 Additional Guarantors.

  
 (a) The Credit Parties will cause each of
their Domestic Subsidiaries (other than Inactive Subsidiaries), whether newly formed, after acquired or otherwise existing, to promptly (and in any event within thirty days after such Domestic Subsidiary is formed or acquired (or such longer period
of time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement. 
  
 (b) If (i) the portion of Consolidated Tangible Assets attributable to Domestic Subsidiaries of the Parent that are not Credit
Parties hereunder shall at any time exceed five percent (5%) of Consolidated Tangible Assets, or (ii) the portion of Consolidated EBITDAR attributable to Domestic Subsidiaries of the Company that are not Credit Parties hereunder shall at
any time exceed five percent (5%) of Consolidated EBITDAR (to be calculated as agreed to by the Borrower and the Administrative Agent) ((i) and (ii) collectively, the “Threshold Requirement”), then the Borrower shall so
notify the Administrative Agent and shall promptly cause one or more Domestic Subsidiaries of the Parent to become Guarantors hereunder by way of execution of Joinder Agreements so that, after giving effect thereto, the Threshold Requirement is not
exceeded. 
  

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 In connection with paragraphs (a) and (b) above, the Credit Parties shall give notice to the
Administrative Agent not less than ten days prior to creating a Domestic Subsidiary (or such shorter period of time as agreed to by the Administrative Agent in its reasonable discretion), or acquiring the Capital Stock of any other Person. The
Credit Party Obligations shall be secured by, among other things, a first priority perfected security interest in the Collateral of any such new Guarantor and a pledge of 100% of the Capital Stock of such new Guarantor and its Domestic Subsidiaries
and 65% of the voting Capital Stock and 100% of the non-voting Capital Stock of its first-tier Foreign Subsidiaries. In connection with the foregoing, the Credit Parties shall deliver to the Administrative Agent, with respect to each new Guarantor
to the extent applicable, substantially the same documentation required pursuant to Sections 4.1(b)-(e) and 5.12 and such other documents or agreements as the Administrative Agent may reasonably request. 
  
 Section 5.11 Compliance with Law. 
  
 Each Credit Party will, and will cause each of its Subsidiaries to,
(a) comply with all laws, rules, regulations and orders, and all applicable restrictions imposed by all Governmental Authorities, applicable to it and its Property if noncompliance with any such law, rule, regulation, order or restriction could
reasonably be expected to have a Material Adverse Effect and (b) conform with and duly observe in all material respects all laws, rules and regulations and all other valid requirements of any regulatory authority with respect to the conduct of
its business, and all laws, rules and regulations of Governmental Authorities, pertaining to the business of the Credit Parties if noncompliance with any such law, rule, regulation, order or restriction could reasonably be expected to have a
Material Adverse Effect; and (c) obtain and maintain all licenses, permits, certifications and approvals of all applicable Governmental Authorities as are required for the conduct of its business as currently conducted and herein contemplated,
except in each case as could not be reasonably expected to have a Material Adverse Effect. 
  
 Section 5.12 Pledged Assets. 
  
 (a) Each Credit Party will cause 100% of the Capital Stock in each of its direct or indirect Domestic Subsidiaries (unless such Domestic
Subsidiary is owned by a Foreign Subsidiary) and 65% of the voting Capital Stock and 100% of the non-voting Capital Stock of its first-tier Foreign Subsidiaries, in each case to the extent owned by such Credit Party, to be subject at all times to a
first priority, perfected Lien in favor of the Administrative Agent pursuant to the terms and conditions of the Security Documents or such other security documents as the Administrative Agent shall reasonably request. 
  
 (b) Subject to the terms of subsections (c) and
(d) below, each Credit Party will cause its real property acquired after the Closing Date and all tangible and intangible personal property now owned or hereafter acquired to be subject at all times to a first priority, perfected Lien (subject
in each case to Permitted Liens) in favor of the Administrative Agent pursuant to the terms and conditions of the Security Documents or such other security documents as the Administrative Agent shall reasonably request. Each Credit Party shall, and
shall cause each of its Subsidiaries to, adhere to the covenants set forth in the Security Documents. 
  

 80 

 (c) To the extent otherwise permitted hereunder, if any Credit Party intends to acquire a
fee ownership interest in any real property (“Real Estate”) after the Closing Date and such Real Estate has a fair market value in excess of $1,000,000, it shall provide to the Administrative Agent promptly upon such acquisition a
mortgage or deed of trust granting the Administrative Agent a first priority Lien (subject to Permitted Liens) on such Real Estate, together with a Phase I environmental audit, appraisal, title report, mortgage title insurance commitment, real
property survey, local counsel opinion, and, if required by Administrative Agent, supplemental casualty insurance and flood insurance, and such other documents, instruments or agreements reasonably requested by the Administrative Agent, in each
case, in form and substance reasonably satisfactory to Administrative Agent. 
  
 (d) Each Credit Party shall timely and fully pay and perform its obligations under all leases and other agreements with respect to each leased location or public warehouse where any Collateral is or may be located.

  
 ARTICLE VI 
  
 NEGATIVE COVENANTS 
  
 The Credit Parties hereby covenant and agree that on the Closing Date, and
thereafter for so long as this Agreement is in effect and until the Commitments have terminated and the Credit Party Obligations, together with interest, Commitment Fee and all other amounts owing to the Administrative Agent or any Lender hereunder,
are paid in full that: 
  
 Section 6.1
Indebtedness. 
  
 Each of the Credit Parties will not,
nor will it permit any Subsidiary to, contract, create, incur, assume or permit to exist any Indebtedness, except: 
  
 (a) Indebtedness arising or existing under this Agreement (including the Incremental Revolving Facility or the Incremental Term Facility)
and the other Credit Documents; 
  
 (b)
Indebtedness of the Parent and its Subsidiaries existing as of the Closing Date as referenced in the financial statements referenced in Section 3.1 (and set out more specifically in Schedule 6.1) hereto and renewals, refinancings or
extensions thereof in a principal amount not in excess of that outstanding as of the date of such renewal, refinancing or extension, except by an amount equal to the accrued but unpaid interest on such refinanced Indebtedness and a reasonable
premium or penalty paid, and fees and expenses incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder; 
  
 (c) Indebtedness of the Parent and its Subsidiaries incurred after the Closing Date consisting of Capital
Leases or Indebtedness incurred to provide all or a portion of the purchase price or cost of construction of an asset provided that (i) such Indebtedness 

  

 81 

 
when incurred shall not exceed the purchase price or cost of construction of such asset; (ii) no such Indebtedness shall be refinanced for a principal
amount in excess of the principal balance outstanding thereon at the time of such refinancing, except by an amount equal to the accrued but unpaid interest on such refinanced Indebtedness and a reasonable premium or penalty paid, and fees and
expenses incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder; and (iii) the total principal amount of all such Indebtedness shall not exceed $5,000,000 at any time outstanding;

  
 (d) Unsecured intercompany Indebtedness among
the Credit Parties or between any Credit Party and a Subsidiary that is not a Credit Party, provided that any such Indebtedness shall be (i) fully subordinated to the Credit Party Obligations hereunder on terms reasonably satisfactory to
the Administrative Agent and (ii) evidenced by promissory notes which shall be pledged to the Administrative Agent as Collateral for the Credit Party Obligations; 
  
 (e) Indebtedness and obligations owing under Secured Hedging Agreements and other Hedging Agreements entered
into in order to manage existing or anticipated interest rate or exchange rate risks and not for speculative purposes; 
  
 (f) Indebtedness and obligations of Credit Parties owing under documentary letters of credit for the purchase of goods or other
merchandise (but not under standby, direct pay or other letters of credit except for the Letters of Credit hereunder) generally; 
  
 (g) Guaranty Obligations in respect of Indebtedness of a Credit Party to the extent such Indebtedness is permitted to exist or be incurred
pursuant to this Section 6.1; 
  
 (h)
Indebtedness secured by real estate of the Credit Parties owned on or before the Closing Date which does not exceed $10,000,000 in an aggregate principal amount at any time outstanding; 
  
 (i) Indebtedness of a Person existing at the time such Person became a Subsidiary or assets were acquired
from such Person, to the extent such Indebtedness was not incurred in connection with or in contemplation of, such Person becoming a Subsidiary or the acquisition of such assets, not to exceed in the aggregate at any time outstanding $5,000,000 and
any refinancings, refundings, renewals or extensions thereof; provided that (i) the principal amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal or extension except by an amount equal to the accrued
but unpaid interest on such refinanced Indebtedness and a reasonable premium or penalty paid, and fees and expenses incurred, in connection with such refinancing and an amount equal to any existing commitments unutilized thereunder and (ii) any
refinancing, refunding, renewal or extension of any Subordinated Indebtedness shall be on subordination terms at least as favorable to the Lenders as, and no more restrictive on Parent and its Subsidiaries than the Subordinated Indebtedness being
refinanced, refunded, renewed or extended; 
  

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 (j) Indebtedness of Foreign Subsidiaries in an aggregate principal amount at any time
outstanding not to exceed $5,000,000; 
  
 (k)
Subordinated Indebtedness of any Credit Party; 
  
 (l) Indebtedness arising under forward commodities agreements for the purchase of beef entered into in order to manage existing or anticipated commodities price and supply risks and not for speculative purposes; and 
  
 (m) other Indebtedness of the Parent and its Subsidiaries
which does not exceed $5,000,000 in the aggregate principal amount at any time outstanding. 
  
 Section 6.2 Liens. 
  
 Each of the Credit Parties will not, nor will it permit any Subsidiary to, contract, create, incur, assume or permit to exist any Lien with respect to any of its property or assets of any kind (whether real or personal, tangible or
intangible), whether now owned or hereafter acquired, except for Permitted Liens. Notwithstanding the foregoing, if a Credit Party shall grant a Lien on any of its assets in violation of this Section 6.2, then it shall be deemed to have
simultaneously granted an equal and ratable Lien on any such assets in favor of the Administrative Agent for the ratable benefit of the Lenders and the Hedging Agreement Providers, to the extent such a Lien has not already been granted to the
Administrative Agent. 
  
 Section 6.3 Nature of
Business. 
  
 Each of the Credit Parties will not, nor
will it permit any Subsidiary to, alter the character of its business in any material respect from that conducted as of the Closing Date and businesses related or complimentary thereto or reasonable extensions thereof. 
  
 Section 6.4 Consolidation, Merger, Sale or Purchase of Assets,
etc. 
  
 Each of the Credit Parties will not, nor will it
permit any Subsidiary to, 
  
 (a) dissolve,
liquidate or wind up its affairs, sell, transfer, lease or otherwise dispose of its property or assets or agree to do so at a future time except the following, without duplication, shall be expressly permitted: 
  
 (i) the sale, transfer, lease or other disposition of
inventory and materials in the ordinary course of business; 
  
 (ii) the conversion of cash into Cash Equivalents and Cash Equivalents into cash; 
  
 (iii) (A) the disposition of property or assets as a direct result of a Recovery Event or (B) the sale, lease, transfer or other
disposition of machinery, parts and equipment no longer used or useful in the conduct of the business of the 

  

 83 

 
Parent or any of its Subsidiaries (including dispositions by Subsidiaries in connection with ceasing operations), so long as the net proceeds therefrom are
used to prepay the Loans in accordance with the terms of Section 2.7(b)(ii) or to replace such machinery, parts and equipment or to purchase or otherwise acquire new assets or property in accordance with the terms of such Section; 

 
 (iv) the sale, lease or transfer of property or assets
between the Borrower and any Guarantor; 
  
 (v)
the sale, lease or transfer of property or assets from a Credit Party other than the Borrower to another Credit Party; 
  
 (vi) the voluntary termination of Hedging Agreements; 
  
 (vii) the transfer of assets pursuant to Permitted Investments; 
  
 (viii) the liquidation of any Subsidiary of the Borrower
into the Borrower or the liquidation of any Subsidiary of the Parent (other than the Borrower) into any other Subsidiary (provided, that if one of such Subsidiaries is a Guarantor, such Guarantor shall be the surviving entity); 
  
 (ix) the sale, lease or transfer of property or assets not
to exceed $5,000,000 in the aggregate in any fiscal year; 
  
 provided, that, in the case of clause (ix) above, at least 75% of the consideration received therefor by the Borrower or any other Credit Party is in the form of cash or Cash Equivalents; provided, further, that
with respect to sales of assets permitted hereunder only, the Administrative Agent shall be entitled, without the consent of the Required Lenders, to release its Liens relating to the particular assets sold; or 
  
 (b) (i) purchase, lease or otherwise acquire (in a
single transaction or a series of related transactions) the property or assets of any Person (other than purchases or other acquisitions of inventory, leases, materials, property and equipment in the ordinary course of business, except as otherwise
limited or prohibited herein) or (ii) enter into any transaction of merger or consolidation, except for (A) investments or acquisitions permitted pursuant to Section 6.5, (B) the merger or consolidation of a Credit Party with and
into another Credit Party; provided that if the Borrower is a party thereto, the Borrower will be the surviving corporation and (C) the merger or consolidation of any Subsidiary of the Parent (other than the Borrower) with and into a
Subsidiary of the Parent (other than the Borrower); provided, that if a Guarantor is a party thereto, the Guarantor will be the surviving corporation. 
  

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 Section 6.5 Advances, Investments and Loans. 
  
 Each of the Credit Parties will not, nor will it permit any Subsidiary to,
make any Investment except for Permitted Investments. 
  
 Section 6.6 Transactions with Affiliates. 
  
 Except as permitted in subsection (iv) of the definition of Permitted Investments, each of the Credit Parties will not, nor will it permit any Subsidiary to, enter into any transaction or series of transactions, whether or not in the
ordinary course of business, with any officer, director, shareholder or Affiliate other than (a) on terms and conditions substantially as favorable as would be obtainable in a comparable arm’s-length transaction with a Person other than an
officer, director, shareholder or Affiliate, (b) payment of the Management Agreement Termination Fee and other payments on the Closing Date reflected on Schedule 6.6, (c) payments made pursuant to the Employment Separation
Agreement, (d) transactions with joint ventures permitted under Section 6.5 and (e) Restricted Payments permitted under Section 6.10. 
  
 Section 6.7 Ownership of Subsidiaries; Restrictions. 
  
 The Parent will not sell, transfer, pledge or otherwise dispose of any Capital Stock or other equity interests in any of its
Subsidiaries, nor will it permit any of its Subsidiaries to issue, sell, transfer, pledge or otherwise dispose of any of their Capital Stock or other equity interests, except: (a) in a transaction permitted by Section 6.4 and (b) the
Parent or the Borrower may create Subsidiaries that are not wholly owned; provided, that if such Subsidiary is not a Guarantor, any Investments in such Subsidiary shall be treated as an Investment pursuant to clause (x) of the definition
of Permitted Investment. 
  
 Section 6.8 Fiscal Year;
Organizational Documents; Material Contracts; Subordinated Indebtedness; State of Organization. 
  
 Each of the Credit Parties will not, nor will it permit any Subsidiary to, change its fiscal year or, except as required by GAAP or applicable law, its
accounting policies. Each of the Credit Parties will not, nor will it permit any Subsidiary to, amend, modify or change its articles of incorporation (or corporate charter or other similar organizational document) or bylaws (or other similar
document) without the prior written consent of the Required Lenders other than amendments, modifications or changes (as the case may be) which (i) would not have a material adverse effect on the ability of such Person to perform its obligations
under the Credit Documents and (ii) are not adverse in any material respect to the interests of the Lenders. Each of the Credit Parties will not, nor will it permit any Subsidiary to, without the prior written consent of the Administrative
Agent, amend, modify, cancel or terminate or fail to renew or extend or permit the amendment, modification, cancellation or termination of any of the Material Contracts, except in the event that such amendments, modifications, cancellations or
terminations could not reasonably be expected to have a Material Adverse Effect. The Credit Parties will not, without the prior written consent of the Required Lenders, amend, modify, waive or extend or permit the amendment, modification, waiver or
extension of any Subordinated Indebtedness or of any documentation governing or evidencing such Subordinated 
  

 85 

 
Indebtedness in a manner that is adverse in any material respect to the interests of the Lenders or the issuer of such Subordinated Indebtedness. Each of the
Credit Parties will not, without giving 15 days’ prior written notice to the Administrative Agent, change its state of incorporation, organization or formation or have more than one state of incorporation, organization or formation. 

 
 Section 6.9 Limitation on Restricted Actions.

  
 Each of the Credit Parties will not, nor will it permit
any Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of any such Person to (a) pay dividends or make any other distributions to any Credit
Party on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits, (b) pay any Indebtedness or other obligation owed to any Credit Party, (c) make loans or advances to any Credit Party,
(d) sell, lease or transfer any of its properties or assets to any Credit Party, or (e) act as a Guarantor and pledge its assets pursuant to the Credit Documents or any renewals, refinancings, exchanges, refundings or extension thereof,
except (in respect of any of the matters referred to in clauses (a)-(d) above) for such encumbrances or restrictions existing under or by reason of (i) this Agreement and the other Credit Documents, (ii) applicable law, (iii) any
document or instrument governing Indebtedness incurred pursuant to Section 6.1(c); provided that any such restriction contained therein relates only to the asset or assets constructed or acquired in connection therewith, (iv) any
Permitted Lien or any document or instrument governing any Permitted Lien; provided that any such restriction contained therein relates only to the asset or assets subject to such Permitted Lien, (v) any instrument governing Indebtedness
or Capital Stock of a Person acquired by the Borrower or any of its Subsidiaries as in effect at the time of such acquisition (except to the extent such Indebtedness or Capital Stock was incurred or issued in connection with or in contemplation of
such acquisition), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; provided, in the case of
Indebtedness, such Indebtedness was permitted by the terms of this Agreement to be incurred, (vi) to the extent permitted by Section 6.4(b), any agreement for the sale or other disposition of Capital Stock or assets of a Subsidiary or an
agreement entered into for the sale of specified assets that restrict distributions by that Subsidiary pending such sale, (vii) provisions limiting the disposition or distribution of assets or property in joint venture agreements, partnership
agreements (other than with respect to wholly-owned subsidiaries), limited liability company operating agreements (other than with respect to wholly-owned subsidiaries), asset sale agreements, sale-leaseback agreements, stock sale agreements and
other similar agreements to the extent permitted hereunder entered into with the approval of the board of directors of the Borrower, which limitation is applicable only to the assets that are the subject of such agreements, (viii) restrictions
in other Indebtedness incurred in compliance with Section 6.1; provided that such restrictions, taken as a whole, are, in the good faith judgment of the Borrower’s board of directors, no more materially restrictive with
respect to such encumbrances and restrictions than those contained in this Agreement, (ix) customary non-assignment provisions in leases, contracts, licenses and other agreements entered into in the ordinary course of business and consistent
with past practices and (x) any encumbrances or restrictions imposed by any amendments, modifications restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred
to in clauses (i)

  

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through (ix) above; provided, that the encumbrances or restrictions in such amendments, modifications, restatements, renewals, increases,
supplements, refundings, replacements or refinancings are not materially more restrictive, in the good faith judgment of the board of directors of the Borrower, taken as a whole, than the encumbrances or restrictions prior to such amendment,
modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 
  
 Section 6.10 Restricted Payments. 
  
 Each of the Credit Parties will not, nor will it permit any Subsidiary to, directly or indirectly, declare, order, make or set apart any sum for or pay
any Restricted Payment, except (a) to make dividends payable solely in the same class of Capital Stock of such Person, (b) to make dividends or other distributions payable to any Credit Party (directly or indirectly through Subsidiaries),
(c) the Borrower may make payments of management fees to the Sponsor to the extent permitted hereunder, (d) if no Event of Default shall exist or would occur after giving effect thereto, any Credit Party may (i) repurchase Capital
Stock, or warrants, options or other rights to acquire Capital Stock, of the Parent from officers, directors and employees of the Parent or any Subsidiary in an aggregate amount not to exceed $2,000,000 in any fiscal year of the Parent and
$10,000,000 during the term of this Agreement and (ii) make any Restricted Payments not otherwise permitted by this Section, not to exceed $2,000,000 in any fiscal year of the Parent and $10,000,000 in the aggregate during the term of this
Agreement; provided that, in each case, any amount not utilized in a previous fiscal year may be utilized in the immediately succeeding fiscal year (with respect to any fiscal year, Restricted Payments made during any such fiscal year shall be
deemed to be made first with respect to the applicable limitation for such year and then with respect to any carry forward amount to the extent applicable), (e) the Parent may (i) repurchase Capital Stock to the extent such repurchase is
deemed to occur upon the exercise of options, warrants or other convertible securities to the extent such Capital Stock represent a portion of the exercise price of those options, warrants or other convertible securities and (ii) make cash
payments in lieu of the issuance of fractional shares in connection with the exercise of options, warrants, or other convertible securities and (f) the Parent and the Borrower may make payments in connection with or as a result of any Permitted
Acquisition (including, without limitation, payments in respect of earnouts) to the extent contemplated by the acquisition documents. 
  
 Section 6.11 Sale Leasebacks. 
  
 Each of the Credit Parties will not, nor will it permit any Subsidiary to, directly or indirectly become or remain liable as lessee or as guarantor or
other surety with respect to any lease, whether an operating lease or a Capital Lease, of any property (whether real, personal or mixed), whether now owned or hereafter acquired, (a) which any Credit Party or any Subsidiary has sold or
transferred or is to sell or transfer to a Person which is not another Credit Party or Subsidiary or (b) which any Credit Party or any Subsidiary intends to use for substantially the same purpose as any other property which has been sold or is
to be sold or transferred by such Credit Party or such Subsidiary to another Person which is not another Credit Party or Subsidiary in connection with such lease (each a “Sale Leaseback”); provided, that the Credit Parties
and their Subsidiaries may enter into Sale Leasebacks so long as, both before and after giving effect 

  

 87 

 
to such Sale Leaseback, the Credit Parties shall be in compliance with Sections 6.1, 6.2 and 6.4 hereof and no Event of Default shall have occurred and be
continuing or would result therefrom. 
  
 Section 6.12
No Further Negative Pledges. 
  
 Each of the Credit
Parties will not, nor will it permit any Subsidiary to, enter into, assume or become subject to any agreement prohibiting or otherwise restricting the creation or assumption of any Lien upon its properties or assets, whether now owned or hereafter
acquired, or requiring the grant of any security for such obligation if security is given for some other obligation, except (a) pursuant to this Agreement and the other Credit Documents, (b) pursuant to applicable law, (c) pursuant to
any document or instrument governing Indebtedness incurred pursuant to Section 6.1(c), provided that any such restriction contained therein relates only to the asset or assets constructed or acquired in connection therewith, (d) in
connection with any Permitted Lien or any document or instrument governing any Permitted Lien, provided that any such restriction contained therein relates only to the asset or assets subject to such Permitted Lien, (e) pursuant to any
instrument governing Indebtedness or Capital Stock of a Person acquired by the Borrower or any of its Subsidiaries as in effect at the time of such acquisition (except to the extent such Indebtedness or Capital Stock was incurred or issued in
connection with or in contemplation of such acquisition), which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired;
provided, in the case of Indebtedness, such Indebtedness was permitted by the terms of this Agreement to be incurred, (f) to the extent permitted by Section 6.4(b), pursuant to any agreement for the sale or other disposition of
Capital Stock or assets of a Subsidiary or an agreement entered into for the sale of specified assets that restrict distributions by that Subsidiary pending such sale, (g) customary non-assignment provisions in leases, contracts, licenses and
other agreements entered into in the ordinary course of business and consistent with past practices, (h) restrictions in other Indebtedness incurred in compliance with Section 6.1; provided that such restrictions, taken as a whole,
are, in the good faith judgment of the Borrower’s board of directors, no more materially restrictive with respect to such encumbrances and restrictions than those contained in this Agreement, and (i) any encumbrances or restrictions
imposed by any amendments, modifications restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (a) through (h) above; provided,
that the encumbrances or restrictions in such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are not materially more restrictive, in the good faith judgment of the board of
directors of the Borrower, taken as a whole, than the encumbrances or restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 
  

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 ARTICLE VII 
  
 EVENTS OF DEFAULT 
  
 Section 7.1 Events of Default. 
  
 An Event of Default shall exist upon the occurrence of any of the following specified events (each an “Event of Default”): 
  
 (a) Payment Default. (i) The Borrower shall fail
to pay any principal on any Loan or Note when due (whether at maturity, by reason of acceleration or otherwise) in accordance with the terms thereof or hereof; or (ii) the Borrower shall fail to pay any Reimbursement Obligation when due
(whether at maturity, by reason of acceleration or otherwise) in accordance with the terms hereof; or (iii) the Borrower shall fail to pay any interest on any Loan or Note or any fee or other amount payable hereunder when due (whether at
maturity, by reason of acceleration or otherwise) in accordance with the terms thereof or hereof and such failure shall continue unremedied for three (3) Business Days; or (iv) any Guarantor shall fail to pay on the Guaranty in respect of
any of the foregoing (after giving effect to any applicable grace period); or 
  
 (b) Misrepresentation. Any representation or warranty made or deemed made herein, in the Security Documents or in any of the other Credit Documents or which is contained in any certificate, document or
financial or other statement furnished at any time under or in connection with this Agreement shall prove to have been incorrect, false or misleading in any material respect on or as of the date made or deemed made; or 
  
 (c) Covenant Default. (i) Any Credit Party shall
fail to perform, comply with or observe any term, covenant or agreement applicable to it contained in Section 5.1(a) and (b), Section 5.2, Section 5.4 (as to maintenance of existence only), Section 5.7(a), Section 5.9 or
Article VI hereof; (ii) any Credit Party shall fail to comply with Section 5.1(c), and such failure to comply is not cured within fifteen days of its occurrence; or (iii) any Credit Party shall fail to comply with any other covenant,
contained in this Credit Agreement or the other Credit Documents or any other agreement, document or instrument among any Credit Party, the Administrative Agent and the Lenders or executed by any Credit Party in favor of the Administrative Agent or
the Lenders (other than as described in Sections 7.1(a), 7.1(b), 7.1(c)(i) or 7.1(c)(ii) above), and in the event such breach or failure to comply is capable of cure, is not cured within thirty days of its occurrence; or 
  
 (d) Debt Cross-Default. Any Credit Party or any of
its Subsidiaries shall (i) default in any payment of principal of or interest on any Indebtedness (other than the Notes) in a principal amount outstanding of at least $5,000,000 in the aggregate for the Credit Parties and their Subsidiaries
beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created; or (ii) default in the observance or performance of any other agreement or condition relating to any Indebtedness in a
principal amount outstanding of at least $5,000,000 in the aggregate for 

  

 89 

 
the Credit Parties and their Subsidiaries or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event shall
occur or condition exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness or beneficiary or beneficiaries of such Indebtedness (or a trustee or agent on behalf of such
holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to become due prior to its stated maturity; or (iii) breach or default any Secured Hedging Agreement with a net obligation in
excess of $5,000,000; or 
  
 (e) Bankruptcy
Default. (i) The Parent or any of the Parent’s Subsidiaries shall commence any case, proceeding or other action (A) under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency,
reorganization or relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution,
composition or other relief with respect to it or its debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or the Parent or any
Subsidiary shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against the Parent or any of the Parent’s Subsidiaries any case, proceeding or other action of a nature referred to in clause
(i) above which (A) results in the entry of an order for relief or any such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period of 90 days; or (iii) there shall be commenced against the
Parent or any of the Parent’s Subsidiaries any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets which results in the entry of
an order for any such relief which shall not have been vacated, discharged, or stayed or bonded pending appeal within 90 days from the entry thereof; or (iv) the Parent or any of the Parent’s Subsidiaries shall take any action in
furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the acts set forth in clauses (i), (ii), or (iii) above; or (v) the Parent or any of its Subsidiaries shall generally not, or shall be unable to, or
shall admit in writing its inability to, pay its debts as they become due; or 
  
 (f) Judgment Default. One or more judgments or decrees shall be entered against any Credit Party or any of its Subsidiaries involving in the aggregate a liability (to the extent not paid when due or covered by
insurance) of $5,000,000 or more and all such judgments or decrees shall not have been paid and satisfied, vacated, discharged, stayed or bonded pending appeal within thirty days from the entry thereof; or 
  
 (g) ERISA Default. (i) Any Person shall engage
in any “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding deficiency” (as defined in Section 302 of ERISA), whether or
not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or a Plan (other than a Permitted Lien) shall arise on the assets of any Credit Party or any Commonly Controlled Entity, (iii) a Reportable Event shall occur with
respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall 

  

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be appointed, to administer or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a Trustee is
likely to result in the termination of such Plan for purposes of Title IV of ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, (v) any Credit Party or any of its Subsidiaries or any Commonly Controlled
Entity shall, or is likely to, incur any liability in connection with a withdrawal from, or the Insolvency or Reorganization of, any Multiemployer Plan or (vi) any other similar event or condition shall occur or exist with respect to a Plan;
and in each case in clauses (i) through (vi) above, such event or condition, together with all other such events or conditions, if any, has or could reasonably be expected to have a Material Adverse Effect; or 
  
 (h) Change of Control. There shall occur a Change of
Control; or 
  
 (i) Failure of Guaranty.
The Guaranty or any provision thereof shall cease to be in full force and effect or any Guarantor or any Person acting by or on behalf of any Guarantor shall deny or disaffirm any Guarantor’s obligations under the Guaranty; or 
  
 (j) Failure of Credit Documents. Any other Credit
Document shall fail to be in full force and effect or to give the Administrative Agent and/or the Lenders the security interests, liens, rights, powers, priority and privileges purported to be created thereby (except as such documents may be
terminated or no longer in force and effect in accordance with the terms thereof, other than those indemnities and provisions which by their terms shall survive), or any Credit Party or any Person acting by or on behalf of any Credit Party shall
assert in writing any of the foregoing or shall (i) deny or disaffirm such Person’s obligations under this Credit Agreement or any other Credit Document or (ii) assert the invalidity or lack of perfection or priority of any Lien
granted to the Administrative Agent pursuant to the Security Documents; or 
  
 (k) Subordinated Indebtedness Default. The subordination provisions contained in any Subordinated Indebtedness shall cease to be in full force and effect or to give the Lenders the rights, powers and privileges
purported to be created thereby. 
  
 Notwithstanding the
foregoing, it shall not constitute an Event of Default under Sections 7.1(d), 7.1(e) or 7.1(f) above if any such event shall occur with respect to an Inactive Subsidiary or with respect to an operating Subsidiary as a result of such operating
Subsidiary ceasing operations (a “Liquidation Event”); provided, that (a) no more than five Liquidation Events affecting operating Subsidiaries shall occur in any fiscal year of the Parent, (b) the Borrower shall
provide evidence satisfactory to the Administrative Agent that the Consolidated EBITDAR (excluding any portion of Consolidated Rent Expense attributable to such operating Subsidiary) for the twelve month period ended as of the last day of the most
recently ended fiscal quarter attributable to any operating Subsidiary that is the subject of a Liquidation Event shall be negative; (c) the obligations of each such Subsidiary shall be non-recourse to the Parent or any other Credit Party
(other than limited guaranties by the Parent of remaining lease rental payment obligations, so long as the Parent fulfills its obligations under any such limited guaranty); and (d) at least ten (10) days prior to the occurrence of any
Liquidation Event, the Borrower shall provide notice to the Agent of such Liquidation Event. 
  

 91 

 Section 7.2 Acceleration; Remedies. 
  
 Upon the occurrence of an Event of Default, then, and in any such event,
(a) if such event is a Bankruptcy Event, (i) automatically the Commitments shall immediately terminate and the Loans (with accrued interest thereon), and all other amounts under the Credit Documents (including without limitation the
maximum amount of all contingent liabilities under Letters of Credit) shall immediately become due and payable, and the Borrower shall immediately pay to the Administrative Agent cash collateral as security for the LOC Obligations for subsequent
drawings under then outstanding Letters of Credit in an amount equal to the maximum amount which may be drawn under such Letters of Credit and (ii) the Administrative Agent may exercise on behalf of the Lenders all of its other rights and
remedies under this Credit Agreement, the other Credit Documents and applicable law, and (b) if such event is any other Event of Default, any or all of the following actions may be taken: (i) with the written consent of the Required
Lenders, the Administrative Agent may, or upon the written request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower declare the Commitments to be terminated forthwith, whereupon the Commitments shall immediately
terminate; (ii) the Administrative Agent may, or upon the written request of the Required Lenders, the Administrative Agent shall, by notice of default to the Borrower, declare the Loans (with accrued interest thereon) and all other amounts
owing under this Credit Agreement and the Notes to be due and payable forthwith and direct the Borrower to pay to the Administrative Agent cash collateral as security for the LOC Obligations for subsequent drawings under then outstanding Letters of
Credit in an amount equal to the maximum amount of which may be drawn under Letters of Credit then outstanding, whereupon the same shall immediately become due and payable; (iii) exercise any rights or remedies of the Administrative Agent or
the Lenders under this Credit Agreement or any other Credit Document, including, without limitation, any rights or remedies with respect to the Collateral; and (iv) exercise any rights or remedies available to the Administrative Agent or
Lenders under applicable law. 
  
 ARTICLE VIII 

 
 THE AGENT 
  
 Section 8.1 Appointment. 
  
 Each Lender hereby irrevocably designates and appoints Wachovia as the
Administrative Agent of such Lender under this Credit Agreement, and each such Lender irrevocably authorizes Wachovia, as the Administrative Agent for such Lender, to take such action on its behalf under the provisions of this Credit Agreement and
to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Credit Agreement, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the
contrary elsewhere in this Credit Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions,
responsibilities, duties, 

  

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obligations or liabilities shall be read into this Credit Agreement or otherwise exist against the Administrative Agent. 
  
 Section 8.2 Delegation of Duties. 
  
 The Administrative Agent may execute any of its duties under this Credit
Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or
attorneys-in-fact selected by it with reasonable care. Without limiting the foregoing, the Administrative Agent may appoint one of its affiliates as its agent to perform the functions of the Administrative Agent hereunder relating to the advancing
of funds to the Borrower and distribution of funds to the Lenders and to perform such other related functions of the Administrative Agent hereunder as are reasonably incidental to such functions. 
  
 Section 8.3 Exculpatory Provisions. 
  
 Neither the Administrative Agent nor any of its officers, directors,
employees, agents, attorneys-in-fact, Subsidiaries or affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Credit Agreement (except for its or such
Person’s own gross negligence or willful misconduct) or (b) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Credit Party or any officer thereof contained in this
Credit Agreement or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Credit Agreement or for the value, validity, effectiveness,
genuineness, enforceability or sufficiency of any of the Credit Documents or for any failure of any Credit Party to perform its obligations hereunder or thereunder. The Administrative Agent shall not be under any obligation to any Lender to
ascertain or to inquire as to the observance or performance by any Credit Party of any of the agreements contained in, or conditions of, this Credit Agreement, or to inspect the properties, books or records of any Credit Party. 
  
 Section 8.4 Reliance by Administrative Agent. 

 
 (a) The Administrative Agent shall be entitled to rely,
and shall be fully protected in relying, upon any note, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram, telegram, telecopy, telex or teletype message, statement, order or other document or conversation believed by it
in good faith to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Credit Parties), independent accountants and
other experts selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless an executed Commitment Transfer Supplement has been filed with the Administrative
Agent pursuant to Section 9.6(c) with respect to the Loans evidenced by such Note. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Credit Agreement unless it shall first 

  

 93 

 
receive such advice or concurrence of the Required Lenders as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders
against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under any of the
Credit Documents in accordance with a request of the Required Lenders or all of the Lenders, as may be required under this Credit Agreement, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the
Lenders and all future holders of the Notes. 
  
 (b) For purposes of determining compliance with the conditions specified in Section 4.1, each Lender that has signed this Credit Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each
document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender. 
  
 Section 8.5 Notice of Default. 
  
 The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless the
Administrative Agent has received notice from a Lender or the Borrower referring to this Credit Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that the
Administrative Agent receives such a notice, the Administrative Agent shall give prompt notice thereof to the Lenders. The Administrative Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed
by the Required Lenders; provided, however, that unless and until the Administrative Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such
action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders except to the extent that this Credit Agreement expressly requires that such action be taken, or not taken, only with the
consent or upon the authorization of the Required Lenders, or all of the Lenders, as the case may be. 
  
 Section 8.6 Non-Reliance on Administrative Agent and Other Lenders. 
  
 Each Lender expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees,
agents, attorneys-in-fact or affiliates has made any representation or warranty to it and that no act by the Administrative Agent hereinafter taken, including any review of the affairs of any Credit Party, shall be deemed to constitute any
representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents
and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of the Borrower or any other Credit Party and made its own decision
to make its Loans hereunder and enter into this Credit Agreement. Each Lender also represents that it will, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall
deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in 

  

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taking or not taking action under this Credit Agreement, and to make such investigation as it deems necessary to inform itself as to the business,
operations, property, financial and other condition and creditworthiness of the Borrower and the other Credit Parties. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent
hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness
of the Borrower or any other Credit Party which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliates. 
  
 Section 8.7 Indemnification. 
  
 The Lenders agree to indemnify each of the Administrative Agent, Issuing
Lenders and the Swingline Lender in its capacity hereunder and their respective Subsidiaries, Affiliates, officers, directors, employees, agents and attorneys-in-fact acting on their behalf in such capacity (each an “Indemnified
Party”) (to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower to do so), ratably according to such Lenders’ respective Commitment Percentages in effect on the date on which indemnification is
sought under this Section, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including, without limitation, at
any time following the payment of the Notes or any Reimbursement Obligation) be imposed on, incurred by or asserted against such Indemnified Party in any way relating to or arising out of any Credit Document or any documents contemplated by or
referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by an Indemnified Party under or in connection with any of the foregoing; provided, however, that no Lender shall be liable
to an Indemnified Party for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements to the extent resulting from such Indemnified Party’s gross
negligence or willful misconduct, as determined by a court of competent jurisdiction. The agreements in this Section 8.7 shall survive the termination of this Credit Agreement and payment of the Notes, any Reimbursement Obligation and all other
amounts payable hereunder. 
  
 Section 8.8 The
Administrative Agent in Its Individual Capacity. 
  
 The
Administrative Agent and its affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Borrower and the other Credit Parties as though the Administrative Agent were not the Administrative Agent
hereunder. With respect to the Loans made or renewed by it and any Note issued to it, the Administrative Agent shall have the same rights and powers under this Credit Agreement as any Lender and may exercise the same as though it were not the
Administrative Agent, and the terms “Lender” and “Lenders” shall include the Administrative Agent in its individual capacity. 
  

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 Section 8.9 Successor Administrative Agent. 
  
 The Administrative Agent may resign as Administrative Agent upon thirty
days’ prior written notice to the Borrower and the Lenders. If the Administrative Agent shall resign as Administrative Agent under this Credit Agreement and the other Credit Documents, then the Required Lenders shall appoint from among the
Lenders a successor administrative agent for the Lenders, which successor agent shall be approved by the Borrower (such approval not to be unreasonably withheld) so long as no Default or Event of Default has occurred and is continuing, whereupon
such successor administrative agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor administrative agent effective upon such appointment and
approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Credit
Agreement or any holders of the Notes. If no successor Administrative Agent has accepted appointment as Administrative Agent within thirty days after the retiring Administrative Agent’s giving notice of resignation, the retiring Administrative
Agent shall have the right, on behalf of the Lenders, to appoint a successor administrative agent, which successor shall be approved by the Borrower (such approval not to be unreasonably withheld) so long as no Default or Event of Default has
occurred and is continuing. If no successor administrative agent has accepted appointment as Administrative Agent within sixty days after the retiring Administrative Agent’s giving notice of resignation, the retiring Administrative Agent’s
resignation shall nevertheless become effective and the Lenders shall perform all duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor administrative agent as provided for above. After any
retiring Administrative Agent’s resignation as Administrative Agent, the indemnification provisions of this Credit Agreement and the other Credit Documents and the provisions of this Article VIII shall inure to its benefit as to any actions
taken or omitted to be taken by it while it was Administrative Agent under this Credit Agreement. 
  
 Section 8.10 Other Agents. 
  
 None of the Lenders or other Persons identified on the facing page or signature pages of this Agreement as a “syndication agent,”
“documentation agent,” “co–agent,” “joint book runner” or “joint lead arranger” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than, in the case of
such Lenders, those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders or other Persons so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it
has not relied, and will not rely, on any of the Lenders or other Persons so identified in deciding to enter into this Agreement or in taking or not taking action hereunder. 
  

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 ARTICLE IX 
  

MISCELLANEOUS 
  
 Section 9.1 Amendments, Waivers and Release of Collateral. 
  
 Neither this Credit Agreement, nor any of the Notes, nor any of the other Credit Documents, nor any terms hereof or thereof
may be amended, supplemented, waived or modified except in accordance with the provisions of this Section nor may the Borrower or any Guarantor be released except in accordance with the provisions of this Section 9.1. The Required Lenders may,
or, with the written consent of the Required Lenders, the Administrative Agent may, from time to time, (a) enter into with the Borrower or any other Credit Party written amendments, supplements or modifications hereto and to the other Credit
Documents for the purpose of adding any provisions to this Credit Agreement or the other Credit Documents or changing in any manner the rights of the Lenders or of the Borrower or any other Credit Party hereunder or thereunder or (b) waive, on
such terms and conditions as the Required Lenders may specify in such instrument, any of the requirements of this Credit Agreement or the other Credit Documents or any Default or Event of Default and its consequences; provided,
however, that no such waiver and no such amendment, waiver, supplement, modification or release shall: 
  
 (i) reduce the amount or extend the scheduled date of maturity of any Loan or Note or any installment thereon, or reduce the stated rate
of any interest or fee payable hereunder (except in connection with a waiver of interest at the increased post-default rate set forth in Section 2.9 which shall be determined by a vote of the Required Lenders) or extend the scheduled date of
any payment thereof or increase the amount or extend the expiration date of any Lender’s Commitment, in each case without the written consent of each Lender directly affected thereby; provided that, it is understood and agreed that no
waiver, reduction or deferral of a mandatory prepayment required pursuant to Section 2.7(b), nor any amendment of Section 2.7(b) or the definitions of Asset Disposition, Debt Issuance, or Recovery Event, shall constitute a reduction of the
amount of, or an extension of the scheduled date of, any principal installment of any Loan or Note; or 
  
 (ii) amend, modify or waive any provision of this Section 9.1 or reduce the percentage specified in the definition of Required
Lenders, without the written consent of all the Lenders directly affected thereby; or 
  
 (iii) amend, modify or waive any provision of Article VIII without the written consent of the then Administrative Agent; or 
  
 (iv) release the Borrower, the Parent or all or
substantially all of the Guarantors from their respective obligations hereunder or under the Guaranty, without the written consent of all of the Lenders and, with respect to the release of substantially all of the Guarantors, any Hedging Agreement
Provider; or 
  

 97 

 (v) release all or substantially all of the Collateral without the written consent of all
of the Lenders and any Hedging Agreement Provider; or 
  
 (vi) amend, modify or waive any provision of the Credit Documents requiring consent, approval or request of the Required Lenders or all Lenders, without the written consent of all of the Required Lenders or Lenders as appropriate; or

  
 (vii) amend, modify or waive any provision of
the Credit Documents affecting the rights or duties of the Administrative Agent, the Issuing Lender or the Swingline Lender under any Credit Document without the written consent of the Administrative Agent, the Issuing Lender and/or the Swingline
Lender, as applicable, in addition to the Lenders required hereinabove to take such action; or 
  
 (viii) amend, modify or waive the order in which Credit Party Obligations are paid in Section 2.7(b)(v) or Section 2.12(b),
without the written consent of each Lender and each Hedging Agreement Provider directly affected thereby; or 
  
 (ix) amend the definitions of “Credit Party Obligations” to delete any Loan, Commitment or Secured Hedging Agreement referenced
therein without the consent of any Lender or Hedging Agreement Provider that would be adversely affected thereby; or 
  
 (x) amend the definitions of “Hedging Agreement,” “Secured Hedging Agreement,” or “Hedging Agreement
Provider” without the consent of any Hedging Agreement Provider that would be adversely affected thereby; 
  
 provided, further, that no amendment, waiver or consent affecting the rights or duties of the Administrative Agent, the Issuing Lender or the Swingline Lender under any Credit Document shall in any event
be effective, unless in writing and signed by the Administrative Agent, the Issuing Lender and/or the Swingline Lender, as applicable, in addition to the Lenders required hereinabove to take such action. 
  
 Any such waiver, any such amendment, supplement or modification and any such
release shall apply equally to each of the Lenders and shall be binding upon the Borrower, the other Credit Parties, the Lenders, the Administrative Agent and all future holders of the Notes. In the case of any waiver, the Borrower, the other Credit
Parties, the Lenders and the Administrative Agent shall be restored to their former position and rights hereunder and under the outstanding Loans and Notes and other Credit Documents, and any Default or Event of Default permanently waived shall be
deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. 
  
 Notwithstanding any of the foregoing to the contrary, the consent of the Borrower shall not be required for any amendment,
modification or waiver of the provisions of Article VIII 

  

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(other than the provisions of Section 8.9); provided, however, that the Administrative Agent will provide written notice to the Borrower
of any such amendment, modification or waiver. 
  
 Notwithstanding
the fact that the consent of all the Lenders is required in certain circumstances as set forth above, (x) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender
acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent provisions set forth herein and (y) the Required Lenders may consent to allow a Credit Party to use cash collateral in the context
of a bankruptcy or insolvency proceeding. 
  
 Section 9.2
Notices. 
  
 Except as otherwise provided in Article
II, all notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by telecopy), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made
(a) when delivered by hand, (b) when transmitted via telecopy (or other facsimile device) to the number set out herein, (c) the day following the day on which the same has been delivered prepaid (or pursuant to an invoice arrangement)
to a reputable national overnight air courier service, or (d) the third Business Day following the day on which the same is sent by certified or registered mail, postage prepaid, in each case addressed as follows in the case of the Borrower,
the other Credit Parties and the Administrative Agent, and, with respect to each Lender, as set forth in such Lender’s Administrative Details Form, or to such other address as may be hereafter notified by the respective parties hereto and any
future holders of the Notes: 
  

			
	 The Borrower
	  	Morton’s of Chicago, Inc.
	 and the other
	  	3333 New Hyde Park Road, Suite 210
	 Credit Parties:
	  	New Hyde Park, New York 11042
		
	 	  	Attention: Mr. Thomas J. Baldwin
	 	  	Telecopier: (516) 627-1898
	 	  	Telephone: (516) 562-2727
		
	 	  	with copies to:
		
	 	  	Schulte Roth & Zabel LLP
	 	  	919 Third Ave.
	 	  	New York, NY 10022
	 	  	Attention: Marc Weingarten, Esq. and Ronald B. Risdon, Esq.
	 	  	Telephone No.: (212) 756-2000
	 	  	Telecopy No.: (212) 593-5955

  

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	The Administrative	  	Wachovia Bank, National Association, as Administrative Agent
	Agent:	  	Charlotte Plaza
	 	  	201 South College Street, CP-8
	 	  	Charlotte, North Carolina 28288-0680
	 	  	Attention: Syndication Agency Services
	 	  	Telecopier: (704)
	 	  	Telephone: (704) 383-7698
		
	 	  	with a copy to:
		
	 	  	Wachovia Bank, National Association,
	 	  	One Wachovia Center, 15th Floor
	 	  	Mail Code 5562
	 	  	Charlotte, North Carolina 28288-5562
	 	  	Attention: Mike Jordan
	 	  	Telecopier: (704) 383-7611
	 	  	Telephone: (704) 383-8155

  
 Section 9.3
No Waiver; Cumulative Remedies. 
  
 No failure to
exercise and no delay in exercising, on the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or
privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies,
powers and privileges provided by law. 
  
 Section 9.4
Survival of Representations and Warranties. 
  
 All
representations and warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the Notes and the making of the Loans;
provided that all such representations and warranties shall terminate on the date upon which the Commitments have been terminated and all amounts owing under the Credit Documents have been paid in full. 
  
 Section 9.5 Payment of Expenses. 
  
 Except for Taxes which shall be solely covered by Section 2.18, the
Credit Parties agree (a) to pay or reimburse the Administrative Agent and the Arrangers for all their reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation, negotiation, printing and execution of,
and any amendment, supplement or modification to, this Agreement and the other Credit Documents and any other documents prepared in connection herewith or therewith (including, without limitation, all CUSIP fees for registration with S&P’s
CUSIP Service Bureau), and the consummation and administration of the transactions contemplated hereby and thereby, together with the reasonable fees and disbursements of one counsel to the Administrative Agent and the Arrangers, (b) to pay or
reimburse each Lender and 

  

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the Administrative Agent for all its costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement and
the other Credit Documents, including, without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent and to the Lenders (including reasonable allocated costs of in-house legal counsel), and (c) on demand, to
pay, indemnify, and hold each Lender, the Administrative Agent and the Arrangers harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other similar
taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any
waiver or consent under or in respect of, the Credit Documents and any such other documents, (d) to pay, indemnify, and hold each Lender, the Administrative Agent, the Arrangers and their Affiliates and their respective officers, directors,
employees, partners, members, counsel, agents, representatives, advisors and affiliates (collectively called the “Indemnitees”) harmless from and against, any and all other liabilities, obligations, losses, damages, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of the Credit Documents and any such other documents and the use, or
proposed use, of proceeds of the Loans and (e) to pay any civil penalty or fine assessed by the U.S. Department of the Treasury’s Office of Foreign Assets Control against, and all reasonable costs and expenses (including counsel fees and
disbursements) incurred in connection with defense thereof by the Administrative Agent or any Lender as a result of the funding of Loans, the issuance of Letters of Credit, the acceptance of payments or of Collateral due under the Credit Documents
(all of the foregoing, collectively, the “Indemnified Liabilities”); provided, however, that the Borrower shall not have any obligation hereunder to an Indemnitee with respect to Indemnified Liabilities arising from
the gross negligence or willful misconduct of such Indemnitee, as determined by a court of competent jurisdiction pursuant to a final non-appealable judgment. The agreements in this Section 9.5 shall survive repayment of the Loans, Notes and
all other amounts hereunder. 
  
 Section 9.6 Successors
and Assigns; Participations; Purchasing Lenders. 
  
 (a) This Agreement shall be binding upon and inure to the benefit of the Borrower, the Lenders, the Administrative Agent, all future holders of the Notes and their respective successors and assigns, except that the
Borrower may not assign or transfer any of its rights or obligations under this Agreement or the other Credit Documents without the prior written consent of each Lender. Nothing in this Agreement, expressed or implied, shall be construed to confer
upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in paragraph (b) of this Section and, to the extent expressly contemplated hereby, the Related Parties
of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
  
 (b) Any Lender may, in accordance with applicable law, at any time sell to one or more banks or other entities
(“Participants”) participating interests in any Loan owing to such Lender, any Note held by such Lender, any Commitment of such Lender, or any other interest of such Lender hereunder. In the event of any such sale by a Lender of
participating interests to a Participant, such Lender’s obligations under this Agreement 

  

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to the other parties to this Agreement shall remain unchanged, such Lender shall remain solely responsible for the performance thereof, such Lender shall
remain the holder of any such Note for all purposes under this Agreement, and the Borrower and the Administrative Agent shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under
this Agreement. No Lender shall transfer or grant any participation under which the Participant shall have rights to approve any amendment to or waiver of this Agreement or any other Credit Document except to the extent such amendment or waiver
would (i) extend the scheduled maturity of any Loan or Note or any installment thereon in which such Participant is participating, or reduce the stated rate or extend the time of payment of interest or fees thereon (except in connection with a
waiver of interest at the increased post-default rate) or reduce the principal amount thereof, or increase the amount of the Participant’s participation over the amount thereof then in effect (it being understood that a waiver of any Default or
Event of Default shall not constitute a change in the terms of such participation, and that an increase in any Commitment or Loan shall be permitted without consent of any participant if the Participant’s participation is not increased as a
result thereof), (ii) release all or substantially all of the Guarantors from their obligations under the Guaranty, (iii) release all or substantially all of the Collateral, or (iv) consent to the assignment or transfer by the
Borrower of any of its rights and obligations under this Agreement. In the case of any such participation, the Participant shall not have any rights under this Agreement or any of the other Credit Documents (the Participant’s rights against
such Lender in respect of such participation to be those set forth in the agreement executed by such Lender in favor of the Participant relating thereto) and all amounts payable by the Borrower hereunder shall be determined as if such Lender had not
sold such participation; provided that each Participant shall be entitled to the benefits of Sections 2.14, 2.15, 2.16 and 9.5 with respect to its participation in the Commitments and the Loans outstanding from time to time; provided
further, that no Participant shall be entitled to receive any greater amount pursuant to such Sections than the transferor Lender would have been entitled to receive in respect of the amount of the participation transferred by such transferor
Lender to such Participant had no such transfer occurred. 
  
 (c) Any Lender may, in accordance with applicable law, at any time, sell or assign to any Lender or any Affiliate or Approved Fund thereof and, with the consent of the Administrative Agent (not to be unreasonably
withheld), to one or more additional banks, insurance companies, funds or financial institutions or entities (each such Lender, Affiliate, Approved Fund, bank, insurance company, fund or financial institution or entity, a “Purchasing
Lender”), all or any part of its rights and obligations under this Agreement and the Notes in minimum amounts of $2,000,000 with respect to its Revolving Commitment or its Revolving Loans, pursuant to a Commitment Transfer Supplement,
executed by such Purchasing Lender and such transferor Lender (and, to the extent required herein, the Administrative Agent and the Borrower), and delivered to the Administrative Agent for its acceptance and recording in the Register;
provided, however, that (1) any sale or assignment to an existing Lender, or Affiliate or Approved Fund thereof, shall not require the consent of the Borrower nor shall any such sale or assignment be subject to the minimum
assignment amounts specified herein and (2) so long as no Default or Event of Default shall have occurred and be continuing, any other 

  

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sale or assignment pursuant to this Section 9.6(c) shall require the consent of the Borrower (such consent not to be unreasonably withheld or delayed).
Upon such execution, delivery, acceptance and recording, from and after the Transfer Effective Date specified in such Commitment Transfer Supplement, (x) the Purchasing Lender thereunder shall be a party hereto and, to the extent provided in
such Commitment Transfer Supplement, have the rights and obligations of a Lender hereunder with a Commitment as set forth therein, and (y) the transferor Lender thereunder shall, to the extent provided in such Commitment Transfer Supplement, be
released from its obligations under this Agreement (and, in the case of a Commitment Transfer Supplement covering all or the remaining portion of a transferor Lender’s rights and obligations under this Agreement, such transferor Lender shall
cease to be a party hereto; provided, however, that such Lender shall still be entitled to any indemnification rights that expressly survive hereunder). Such Commitment Transfer Supplement shall be deemed to amend this Agreement to the extent, and
only to the extent, necessary to reflect the addition of such Purchasing Lender and the resulting adjustment of Commitment Percentages arising from the purchase by such Purchasing Lender of all or a portion of the rights and obligations of such
transferor Lender under this Agreement and the Notes. On or prior to the Transfer Effective Date specified in such Commitment Transfer Supplement, the Borrower, at its own expense, shall execute and deliver to the Administrative Agent in exchange
for the Notes delivered to the Administrative Agent pursuant to such Commitment Transfer Supplement new Notes to the order of such Purchasing Lender in an amount equal to the Commitment assumed by it pursuant to such Commitment Transfer Supplement
and, unless the transferor Lender has not retained a Commitment hereunder, new Notes to the order of the transferor Lender in an amount equal to the Commitment retained by it hereunder. Such new Notes shall be dated the Closing Date and shall
otherwise be in the form of the Notes replaced thereby. The Notes surrendered by the transferor Lender shall be returned by the Administrative Agent to the Borrower marked “canceled”. Notwithstanding anything to the contrary contained in
this Section 9.6, a Lender may assign any or all of its rights under this Credit Agreement to an Affiliate or an Approved Fund of such Lender without delivering a Commitment Transfer Supplement to the Administrative Agent; provided,
however, that (A) the Credit Parties and the Administrative Agent may continue to deal solely and directly with such assigning Lender until a Commitment Transfer Supplement has been delivered to the Administrative Agent for recordation
on the Register, (B) the failure of such assigning lender to deliver a Commitment Transfer Supplement to the Administrative Agent shall not affect the legality, validity or binding effect of such assignment and (C) a Commitment Transfer
Supplement between the assigning Lender an Affiliate or Approved Fund of such Lender shall be effective as of the date specified in such Commitment Transfer Supplement. 
  
 (d) The Administrative Agent shall maintain at its address referred to in Section 9.2 a copy of each
Commitment Transfer Supplement delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Loans (and stated interest thereon)
owing to, each Lender from time to time. A Loan (and the related Note) may be assigned or sold in whole or in part upon registration of such assignment or sale on the Register or 

  

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the Comparable Register. The entries in the Register shall be conclusive, in the absence of manifest error, and the Borrower, the Administrative Agent and
the Lenders may treat each Person whose name is recorded in the Register as the owner of the Loan recorded therein for all purposes of this Credit Agreement. The Register shall be available for inspection by the Borrower or any Lender at any
reasonable time and from time to time upon reasonable prior notice. In the case of an assignment pursuant to the last sentence of Section 9.6(c) as to which a Commitment Transfer Supplement is not delivered to the Administrative Agent, the
assigning Lender shall, acting solely for this purpose as a non-fiduciary agent of the Credit Parties, maintain a comparable register (“Comparable Register”) on behalf of the Credit Parties. In the event that any Lender sells
participations in a Loan recorded on the Register, such Lender shall maintain a register on which it enters the names and addresses of all participants in such Loans held by it and the principal amount (and stated interest thereon) of the portion of
the Loan which is the subject of the participation (the “Participant Register”). A Loan recorded on the Register (and the registered Note, if any, evidencing the same) may be participated in whole or in part only by registration of
such participation on the Participant Register (and each registered Note shall expressly so provide). Any participation of such Loan recorded on the Register (and the registered Note, if any, evidencing the same) may be effected only by the
registration of such participation on the Participant Register. 
  
 (e) Upon its receipt of a duly executed Commitment Transfer Supplement, together with payment to the Administrative Agent by the transferor Lender or the Purchasing Lender (except for any assignment by a Lender to an
Affiliate of such Lender), as agreed between them, of a registration and processing fee of $3,500.00 for each Purchasing Lender listed in such Commitment Transfer Supplement and the Notes subject to such Commitment Transfer Supplement, the
Administrative Agent shall (i) accept such Commitment Transfer Supplement, (ii) record the information contained therein in the Register and (iii) give prompt notice of such acceptance and recordation to the Lenders and the Borrower.

  
 (f) The Borrower authorizes each Lender to
disclose to any Participant or Purchasing Lender (each, a “Transferee”) and any prospective Transferee any and all financial information in such Lender’s possession concerning the Borrower and its Affiliates which has been
delivered to such Lender by or on behalf of the Borrower pursuant to this Agreement or which has been delivered to such Lender by or on behalf of the Borrower in connection with such Lender’s credit evaluation of the Borrower and its
Subsidiaries prior to becoming a party to this Agreement, in each case subject to Section 9.15. 
  
 (g) At the time of each assignment pursuant to this Section 9.6 to a Person which is not already a Lender hereunder, the respective
assignee Lender shall provide to the Borrower and the Administrative Agent the appropriate Internal Revenue Service Forms (and, if applicable, a Tax Exempt Certificate) described in and to the extent required under Section 2.18. 
  

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 (h) Nothing herein shall prohibit any Lender from pledging or assigning any of its rights
under this Agreement (including, without limitation, any right to payment of principal and interest under any Note) to secure obligations of such Lender, including without limitation, (i) any pledge or assignment to secure obligations to a
Federal Reserve Bank and (ii) in the case of any Lender that is a fund or trust or entity that invests in commercial bank loans in the ordinary course of business, any pledge or assignment to any holders of obligations owed, or securities
issued, by such Lender including to any trustee for, or any other representative of, such holders; it being understood that the requirements for assignments set forth in this Section 9.6 shall not apply to any such pledge or assignment of a
security interest, except with respect to any foreclosure or similar action taken by such pledgee or assignee with respect to such pledge or assignment; provided that no such pledge or assignment of a security interest shall release a Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto and no such pledgee or assignee shall have any voting rights under this Agreement unless and until the requirements for assignments
set forth in this Section 9.6 are complied with in connection with any foreclosure or similar action taken by such pledgee or assignee. 
  
 (i) The Credit Parties hereby acknowledge that the Lenders and each of their Affiliates may sell or securitize all or any part of their
respective Loans (a “Securitization”) through the pledge of all or any part of such Loans as collateral security for loans to such Lenders or their Affiliates or through the sale of all or any part of the Loans or the issuance of
direct or indirect interests in all or any part of the Loans, which Loans to such Lenders or their Affiliates or direct or indirect interests may be rated by Moody’s, S&P or one or more other rating agencies (the “Rating
Agencies”). The Credit Parties shall cooperate with such Lenders and their Affiliates, at no cost to the Credit Parties, to effect the Securitization, including by (i) executing such additional documents, as reasonably requested by
such Lenders in connection with such Securitization, provided such additional documents shall not affect any Credit Party’s rights and obligations under any of the Credit Documents and (ii) providing such information as may be reasonably
requested by such Lenders in connection with the rating of the Loans or the Securitization, provided that any Person that is provided such information by such Lenders or their Affiliates shall agree to be bound by the provisions of
Section 9.15. Any such Lender or any of its Affiliates that enters into the Securitization shall be required to pay the fees charged by the Rating Agencies for the issuance and the maintenance, if applicable, of the ratings assigned in
connection with the Securitization. 
  
 Section 9.7
Adjustments; Set-off. 
  
 (a) Each
Lender agrees that if any Lender (a “Benefited Lender”) shall at any time receive any payment of all or part of its Loans, or interest thereon, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by
set-off, pursuant to events or proceedings of the nature referred to in Section 7.1(f), or otherwise) in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of such other Lender’s
Loans, or interest thereon, such Benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of each 

  

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such other Lender’s Loan, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary
to cause such Benefited Lender to share the excess payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter
recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. The Borrower agrees that each Lender so purchasing a portion of another
Lender’s Loans may exercise all rights of payment (including, without limitation, rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of such portion. 
  
 (b) In addition to any rights and remedies of the Lenders
provided by law (including, without limitation, other rights of set-off), each Lender shall have the right, without prior notice to the Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, upon
the occurrence of any Event of Default, to setoff and appropriate and apply any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each
case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held by or owing to such Lender or any branch or agency thereof to or for the credit or the account of the Borrower or any other Credit Party, or any part
thereof in such amounts as such Lender may elect, against and on account of the Loans and other Credit Party Obligations of the Borrower and the other Credit Parties to such Lender hereunder and claims of every nature and description of such Lender
against the Borrower and the other Credit Parties, in any currency, whether arising hereunder, under any other Credit Document or any Hedging Agreement provided by such Lender pursuant to the terms of this Agreement, as such Lender may elect,
whether or not such Lender has made any demand for payment and although such obligations, liabilities and claims may be contingent or unmatured. The aforesaid right of set-off may be exercised by such Lender against the Borrower, any other Credit
Party or against any trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver or execution, judgment or attachment creditor of the Borrower or any other Credit Party, or against anyone else claiming through or
against the Borrower, any other Credit Party or any such trustee in bankruptcy, debtor in possession, assignee for the benefit of creditors, receiver, or execution, judgment or attachment creditor, notwithstanding the fact that such right of set-off
shall not have been exercised by such Lender prior to the occurrence of any Event of Default. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application made by such Lender;
provided, however, that the failure to give such notice shall not affect the validity of such set-off and application. 
  
 Section 9.8 Table of Contents and Section Headings. 
  
 The table of contents and the Section and subsection headings herein are intended for convenience only and shall be ignored
in construing this Agreement. 
  

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 Section 9.9 Counterparts. 
  
 This Agreement may be executed by one or more of the parties to this
Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same agreement. 
  
 Section 9.10 Effectiveness. 
  
 This Credit Agreement shall become effective on the date on which all of the parties have signed a copy hereof (whether the same or different copies) and
shall have delivered the same to the Administrative Agent pursuant to Section 9.2 or, in the case of the Lenders, shall have given to the Administrative Agent written, telecopied or telex notice (actually received) at such office that the same
has been signed and mailed to it. 
  
 Section 9.11
Severability. 
  
 Any provision of this Agreement
which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
  
 Section 9.12 Integration. 
  
 This Agreement and the other Credit Documents represent the agreement of the Borrower, the other Credit Parties, the Administrative Agent and the Lenders
with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent, the Borrower, the Credit Parties or any Lender relative to the subject matter hereof not expressly set
forth or referred to herein or in the other Credit Documents. 
  
 Section 9.13 Governing Law. 
  
 This
Agreement and the other Credit Documents and the rights and obligations of the parties under this Agreement and the other Credit Documents shall be governed by, and construed and interpreted in accordance with, the law of the State of New York
without regard to conflict of laws principles thereof (other than Sections 5-1401 and 5-1402 of The New York General Obligations Law). 
  
 Section 9.14 Consent to Jurisdiction and Service of Process. 
  
 All judicial proceedings brought against the Borrower and/or any other Credit Party with respect to this Agreement, any Note
or any of the other Credit Documents may be brought in any state or federal court of competent jurisdiction in the County of New York, State of New York, and, by execution and delivery of this Agreement, each of the Borrower and the other Credit
Parties accepts, for itself and in connection with its properties, generally and unconditionally, the non-exclusive jurisdiction of the aforesaid courts and irrevocably agrees to be bound by any final 

  

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judgment rendered thereby in connection with this Agreement, any Note or any other Credit Document from which no appeal has been taken or is available. Each
of the Borrower and the other Credit Parties irrevocably agrees that all service of process in any such proceedings in any such court may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of
mail), postage prepaid, to it at its address set forth in Section 9.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto, such service being hereby acknowledged by the each of the Borrower and
the other Credit Parties to be effective and binding service in every respect. Each of the Borrower, the other Credit Parties, the Administrative Agent and the Lenders irrevocably waives any objection, including, without limitation, any objection to
the laying of venue based on the grounds of forum non conveniens which it may now or hereafter have to the bringing of any such action or proceeding in any such jurisdiction. Nothing herein shall affect the right to serve process in any other manner
permitted by law or shall limit the right of any Lender to bring proceedings against the Borrower or the other Credit Parties in the court of any other jurisdiction. 
  
 Section 9.15 Confidentiality. 
  
 The Administrative Agent and each of the Lenders agrees that during the Commitment Period and for one year thereafter,
without the prior consent of the Borrower, it will not to disclose any information with respect to the Credit Parties which is furnished pursuant to this Credit Agreement, any other Credit Document or any documents contemplated by or referred to
herein or therein and which is designated by the Borrower to the Lenders in writing as confidential or as to which it is otherwise reasonably clear such information is not public, except that any Lender may disclose any such information (a) to
its employees, Affiliates, auditors and counsel or to another Lender, (b) as has become generally available to the public other than by a breach of this Section 9.15, (c) as may be required or appropriate in any report, statement or
testimony submitted to any municipal, state or federal regulatory body having or claiming to have jurisdiction over such Lender or to the Federal Reserve Board or the Federal Deposit Insurance Corporation or the OCC or the NAIC or similar
organizations (whether in the United States or elsewhere) or their successors, (d) as may be required or appropriate in response to any summons or subpoena or any law, order, regulation or ruling applicable to such Lender, (e) to any
prospective Participant or assignee or pledgee in connection with any contemplated transfer pursuant to Section 9.6; provided that such prospective transferee shall have been made aware of this Section 9.15 and shall have agreed to
be bound by its provisions as if it were a party to this Credit Agreement, (f) to Gold Sheets and other similar bank trade publications; such information to consist of deal terms and other information regarding the credit facilities
evidenced by this Credit Agreement customarily found in such publications, (g) in connection with any suit, action or proceeding for the purpose of defending itself, reducing its liability, or protecting or exercising any of its claims, rights,
remedies or interests under or in connection with the Credit Documents or any Secured Hedging Agreement, (h) to any direct or indirect contractual counterparty in swap agreements or such contractual counterparty’s professional advisor (so
long as such contractual counterparty or professional advisor to such contractual counterparty agrees to be bound by the provisions of this Section 9.15), (i) to the National Association of Insurance Commissioners or any similar
organization or any nationally recognized rating agency that requires access to information about a Lender’s investment portfolio in connection with ratings issued with respect to such Lender, (j) to a Person that is an investor or
prospective investor in a 

  

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Securitization (as defined below) that agrees that its access to information regarding the Borrower and the Loans is solely for purposes of evaluating an
investment in such Securitization; provided that such Person shall have been made aware of this Section 9.15 and shall have agreed to be bound by its provisions as if it were a party to this Agreement, or (k) to a Person that is a
trustee, collateral manager, servicer, noteholder or secured party in a Securitization in connection with the administration, servicing and reporting on the assets serving as collateral for such Securitization; provided that such Person shall
have been made aware of this Section 9.15 and shall have agreed to be bound by its provisions as if it were a party to this Agreement. For purposes of this Section “Securitization” shall mean a public or private offering by a
Lender or any of its affiliates or their respective successors and assigns, of securities which represent an interest in, or which are collateralized in whole or in part by, the Loans. 
  
 Section 9.16 Acknowledgments. 
  
 The Borrower and the other Credit Parties each hereby acknowledges that: 
  
 (a) it has been advised by counsel in the negotiation,
execution and delivery of each Credit Document; 
  
 (b) neither the Administrative Agent nor any Lender has any fiduciary relationship with or duty to the Borrower or any other Credit Party arising out of or in connection with this Agreement and the relationship between Administrative Agent
and Lenders, on one hand, and the Borrower and the other Credit Parties, on the other hand, in connection herewith is solely that of debtor and creditor; and 
  

(c) no joint venture exists among the Lenders or among the Borrower or the other Credit Parties and the Lenders. 
  
 Section 9.17 Waivers of Jury Trial; Waiver of Consequential
Damages. 
  
 THE BORROWER, THE OTHER CREDIT PARTIES, THE
ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY
COUNTERCLAIM THEREIN. Each the Borrower, the other Credit Parties, the Administrative Agent and the Lenders agree not to assert any claim against any other party to this Credit Agreement or any their respective directors, officers, employees,
attorneys, Affiliates or agents, on any theory of liability, for special, indirect, consequential or punitive damages arising out of or otherwise relating to any of the transactions contemplated herein. 
  
 Section 9.18 Patriot Act Notice. 
  
 Each Lender and the Administrative Agent (for itself and not on behalf of
any other party) hereby notifies the Borrower that, pursuant to the requirements of the USA Patriot Act, Title III of Pub. L. 107-56, signed into law October 26, 2001 (the “Patriot Act”), it is required to 

  

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obtain, verify and record information that identifies the Credit Parties, which information includes the name and address of the Credit Parties and other
information that will allow such Lender or the Administrative Agent, as applicable, to identify the Credit Parties in accordance with the Patriot Act. 
  
 ARTICLE X 
  
 GUARANTY 
  
 Section 10.1 The Guaranty. 
  
 In
order to induce the Lenders to enter into this Credit Agreement and any Hedging Agreement Provider to enter into any Secured Hedging Agreement and to extend credit hereunder and thereunder and in recognition of the direct benefits to be received by
the Guarantors from the Extensions of Credit hereunder and any Secured Hedging Agreement, each of the Guarantors (which as previously indicated herein includes the Parnet) hereby agrees with the Administrative Agent, the Lenders and the Hedging
Agreement Providers as follows: the Guarantor hereby unconditionally and irrevocably jointly and severally guarantees as primary obligor and not merely as surety the full and prompt payment when due, whether upon maturity, by acceleration or
otherwise, of any and all indebtedness of the Borrower to the Administrative Agent, the Lenders and the Hedging Agreement Providers arising in connection with this Credit Agreement, the other Credit Documents or any Secured Hedging Agreement. If any
or all of the indebtedness becomes due and payable hereunder or under any Secured Hedging Agreement, each Guarantor unconditionally promises to pay such indebtedness to the Administrative Agent, the Lenders, the Hedging Agreement Providers, or their
respective order, or demand, together with any and all reasonable expenses which may be incurred by the Administrative Agent or the Lenders in collecting any of the Credit Party Obligations. The word “indebtedness” is used in this Article
X in its most comprehensive sense and includes any and all advances, debts, obligations and liabilities of the Borrower, including specifically all Credit Party Obligations, arising in connection with this Credit Agreement, the other Credit
Documents or any Secured Hedging Agreement, in each case, heretofore, now, or hereafter made, incurred or created, whether voluntarily or involuntarily, absolute or contingent, liquidated or unliquidated, determined or undetermined, whether or not
such indebtedness is from time to time reduced, or extinguished and thereafter increased or incurred, whether the Borrower may be liable individually or jointly with others, whether or not recovery upon such indebtedness may be or hereafter become
barred by any statute of limitations, and whether or not such indebtedness may be or hereafter become otherwise unenforceable. 
  
 Notwithstanding any provision to the contrary contained herein or in any other of the Credit Documents, to the extent the obligations of a Guarantor shall
be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers) then the obligations of each such Guarantor hereunder shall
be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code). 
  

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 Section 10.2 Bankruptcy. 
  
 Additionally, each of the Guarantors unconditionally and irrevocably
guarantees jointly and severally the payment of any and all Credit Party Obligations of the Borrower to the Lenders and any Hedging Agreement Provider whether or not due or payable by the Borrower upon the occurrence of any of the events specified
in Section 7.1(f), and unconditionally promises to pay such Credit Party Obligations to the Administrative Agent for the account of the Lenders and to any such Hedging Agreement Provider, or order, on demand, in lawful money of the United
States. Each of the Guarantors further agrees that to the extent that the Borrower or a Guarantor shall make a payment or a transfer of an interest in any property to the Administrative Agent, any Lender or any Hedging Agreement Provider, which
payment or transfer or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, or otherwise is avoided, and/or required to be repaid to the Borrower or a Guarantor, the estate of the Borrower or a Guarantor, a
trustee, receiver or any other party under any bankruptcy law, state or federal law, common law or equitable cause, then to the extent of such avoidance or repayment, the obligation or part thereof intended to be satisfied shall be revived and
continued in full force and effect as if said payment had not been made. 
  
 Section 10.3 Nature of Liability. 
  
 The liability of each Guarantor hereunder is exclusive and independent of any security for or other guaranty of the Credit Party Obligations of the Borrower whether executed by any such Guarantor, any other guarantor
or by any other party, and no Guarantor’s liability hereunder shall be affected or impaired by (a) any direction as to application of payment by the Borrower or by any other party, or (b) any other continuing or other guaranty,
undertaking or maximum liability of a guarantor or of any other party as to the Credit Party Obligations of the Borrower, or (c) any payment on or in reduction of any such other guaranty or undertaking, or (d) any dissolution, termination
or increase, decrease or change in personnel by the Borrower, or (e) any payment made to the Administrative Agent, the Lenders or any Hedging Agreement Provider on the Credit Party Obligations which the Administrative Agent, such Lenders or
such Hedging Agreement Provider repay the Borrower pursuant to court order in any bankruptcy, reorganization, arrangement, moratorium or other debtor relief proceeding, and each of the Guarantors waives any right to the deferral or modification of
its obligations hereunder by reason of any such proceeding. 
  
 Section 10.4 Independent Obligation. 
  
 The obligations of each Guarantor hereunder are independent of the obligations of any other Guarantor or the Borrower, and a separate action or actions may be brought and prosecuted against each Guarantor whether or not action is brought
against any other Guarantor or the Borrower and whether or not any other Guarantor or the Borrower is joined in any such action or actions. 
  

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 Section 10.5 Authorization. 
  
 Each of the Guarantors authorizes the Administrative Agent, each Lender and
each Hedging Agreement Provider without notice or demand (except as shall be required by applicable statute and cannot be waived), and without affecting or impairing its liability hereunder, from time to time to (a) renew, compromise, extend,
increase, accelerate or otherwise change the time for payment of, or otherwise change the terms of the Credit Party Obligations or any part thereof in accordance with this Agreement and any Secured Hedging Agreement, as applicable, including any
increase or decrease of the rate of interest thereon, (b) take and hold security from any Guarantor or any other party for the payment of this Guaranty or the Credit Party Obligations and exchange, enforce waive and release any such security,
(c) apply such security and direct the order or manner of sale thereof as the Administrative Agent and the Lenders in their discretion may determine and (d) release or substitute any one or more endorsers, Guarantors, the Borrower or other
obligors. 
  
 Section 10.6 Reliance.

  
 It is not necessary for the Administrative Agent, the
Lenders or any Hedging Agreement Provider to inquire into the capacity or powers of the Borrower or the officers, directors, members, partners or agents acting or purporting to act on its behalf, and any Credit Party Obligations made or created in
reliance upon the professed exercise of such powers shall be guaranteed hereunder. 
  
 Section 10.7 Waiver. 
  
 (a) Each of the Guarantors waives any right (except as shall be required by applicable statute and cannot be waived) to require the Administrative Agent, any Lender or any Hedging Agreement Provider to
(i) proceed against the Borrower, any other guarantor or any other party, (ii) proceed against or exhaust any security held from the Borrower, any other guarantor or any other party, or (iii) pursue any other remedy in the
Administrative Agent’s, any Lender’s or any Hedging Agreement Provider’s power whatsoever. Each of the Guarantors waives any defense based on or arising out of any defense of the Borrower, any other guarantor or any other party other
than payment in full of the Credit Party Obligations (other than contingent indemnity obligations), including without limitation any defense based on or arising out of the disability of the Borrower, any other guarantor or any other party, or the
unenforceability of the Credit Party Obligations or any part thereof from any cause, or the cessation from any cause of the liability of the Borrower other than payment in full of the Credit Party Obligations. The Administrative Agent may, at its
election, foreclose on any security held by the Administrative Agent by one or more judicial or nonjudicial sales (to the extent such sale is permitted by applicable law), or exercise any other right or remedy the Administrative Agent or any Lender
may have against the Borrower or any other party, or any security, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent the Credit Party Obligations have been paid in full and the Commitments have
been terminated. Each of the Guarantors waives any defense arising out of any such election by the Administrative Agent or any of the Lenders, even though such election 

  

 112 

 
operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of the Guarantors against the Borrower or any other party
or any security. 
  
 (b) Each of the Guarantors
waives all presentments, demands for performance, protests and notices, including without limitation notices of nonperformance, notice of protest, notices of dishonor, notices of acceptance of this Guaranty, and notices of the existence, creation or
incurring of new or additional Credit Party Obligations. Each Guarantor assumes all responsibility for being and keeping itself informed of the Borrower’s financial condition and assets, and of all other circumstances bearing upon the risk of
nonpayment of the Credit Party Obligations and the nature, scope and extent of the risks which such Guarantor assumes and incurs hereunder, and agrees that neither the Administrative Agent nor any Lender shall have any duty to advise such Guarantor
of information known to it regarding such circumstances or risks. 
  
 (c) Each of the Guarantors hereby agrees it will not exercise any rights of subrogation which it may at any time otherwise have as a result of this Guaranty (whether contractual, under Section 509 of the U.S.
Bankruptcy Code, or otherwise) to the claims of the Lenders or any Hedging Agreement Provider against the Borrower or any other guarantor of the Credit Party Obligations of the Borrower owing to the Lenders or such Hedging Agreement Provider
(collectively, the “Other Parties”) and all contractual, statutory or common law rights of reimbursement, contribution or indemnity from any Other Party which it may at any time otherwise have as a result of this Guaranty until such
time as the Credit Party Obligations shall have been paid in full and the Commitments have been terminated. Each of the Guarantors hereby further agrees not to exercise any right to enforce any other remedy which the Administrative Agent, the
Lenders or any Hedging Agreement Provider now have or may hereafter have against any Other Party, any endorser or any other guarantor of all or any part of the Credit Party Obligations of the Borrower and any benefit of, and any right to participate
in, any security or collateral given to or for the benefit of the Lenders and/or the Hedging Agreement Providers to secure payment of the Credit Party Obligations of the Borrower until such time as the Credit Party Obligations (other than contingent
indemnity obligations) shall have been paid in full and the Commitments have been terminated. 
  
 Section 10.8 Limitation on Enforcement. 
  
 The Lenders and the Hedging Agreement Providers agree that this Guaranty may be enforced only by the action of the Administrative Agent acting upon the instructions of the Required Lenders or such Hedging Agreement
Provider (only with respect to obligations under the applicable Secured Hedging Agreement) and that no Lender or Hedging Agreement Provider shall have any right individually to seek to enforce or to enforce this Guaranty, it being understood and
agreed that such rights and remedies may be exercised by the Administrative Agent for the benefit of the Lenders under the terms of this Credit Agreement and for the benefit of any Hedging Agreement Provider under any Secured Hedging Agreement. The
Lenders and the Hedging Agreement Providers further agree that this Guaranty may not be enforced against any director, officer, employee or stockholder of the Guarantors. 
  

 113 

 Section 10.9 Confirmation of Payment. 
  
 The Administrative Agent and the Lenders will, upon request after payment of
the indebtedness and obligations which are the subject of this Guaranty and termination of the Commitments relating thereto, confirm to the Borrower, the Guarantors or any other Person that such indebtedness and obligations have been paid and the
Commitments relating thereto terminated, subject to the provisions of Section 10.2. 
  

 114 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and delivered by
its proper and duly authorized officers as of the day and year first above written. 
  

									
	 BORROWER:
	 	 	 	 MORTON’S OF CHICAGO, INC.,
 an Illinois corporation

					
	 	 	 	 	 	 	 By:
	 	 
	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 Title:
	 	 
			
	 PARENT:
	 	 	 	 MORTON’S RESTAURANT GROUP, INC.,
 a Delaware corporation

					
	 	 	 	 	 	 	 By:
	 	 
	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 Title:
	 	 
			
	 GUARANTORS:
	 	 	 	 PORTERHOUSE, INC.,
 a Delaware corporation

			
	 	 	 	 	 MORTON’S OF CHICAGO/ATLANTA, INC.,
 an Illinois corporation

  

 115 

	
	 MORTON’S OF CHICAGO/BUCKHEAD, INC.,
 a Delaware corporation

	  
 MORTON’S OF
CHICAGO/CHICAGO, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/CINCINNATI, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/CLAYTON, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/CLEVELAND, INC.,
 an Illinois corporation
  
 MORTON’S OF CHICAGO/COLUMBUS INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/DALLAS, INC.,
 an Illinois corporation
  
 CHICAGO STEAKHOUSE, INC.,
 a Texas corporation
  
 MORTON’S OF CHICAGO/DENVER, INC.,
 an Illinois corporation
  
 MORTON’S OF CHICAGO/DETROIT, INC.,

a Delaware corporation
  
 MORTON’S OF CHICAGO/FIFTH AVENUE, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/FLAMINGO ROAD
CORP.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/HOUSTON, INC.,
 a Delaware corporation
  
 HOUSTON STEAKHOUSE, INC.,
 a Texas corporation
  
 MORTON’S OF CHICAGO/MINNEAPOLIS, INC.,
 a Delaware
corporation

  

 116 

	
	 MORTON’S OF CHICAGO/NASHVILLE, INC.,
 a
Delaware corporation
  
 MORTON’S OF CHICAGO/PALM DESERT, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/PHILADELPHIA, INC.,
 an Illinois corporation
  
 MORTON’S OF CHICAGO/PHOENIX, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/PITTSBURGH, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/PITTSBURGH LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/PORTLAND, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/PUERTO RICO, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/ROSEMONT, INC.,
 an Illinois corporation
  
 MORTON’S OF CHICAGO/SACRAMENTO, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/SAN ANTONIO, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/SAN DIEGO, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/SAN FRANCISCO, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/SANTA ANA, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/SCOTTSDALE, INC.,
 a Delaware corporation

  

 117 

	
	 MORTON’S OF CHICAGO/SEATTLE, INC.,
 a
Delaware corporation
  
 MORTON’S OF CHICAGO/VIRGINIA, INC.,
 an Illinois corporation
  
 MORTON’S OF CHICAGO/WASHINGTON D.C. INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/WASHINGTON SQUARE, INC.,
 a Delaware corporation
  
 MORTON’S OF CHICAGO/WESTBROOK, INC.,
 an Illinois corporation
  
 PORTERHOUSE OF LOS ANGELES, INC.,
 a Delaware corporation
  
 MOCGC CORP.,
 a Virginia corporation
  

MORTON’S OF CHICAGO HOLDING, INC.,
 a Delaware corporation

 
 ARNIE MORTON’S OF CHICAGO/FIGUEROA LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO MARYLAND HOLDING, INC.,
 a Delaware
corporation
  
 MORTON’S OF CHICAGO/BALTIMORE, LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/BETHESDA LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/ANAHEIM, LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/ATLANTIC CITY, LLC,
 a Delaware limited liability
company

  

 118 

	
	 MORTON’S OF CHICAGO FLORIDA HOLDING, INC.,
 a
Delaware corporation
  
 MORTON’S OF CHICAGO/BOCA RATON, LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/CORAL GABLES LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/MIAMI, LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/NORTH MIAMI BEACH, LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/ORLANDO, LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/PALM BEACH, LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/BOSTON LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/CHARLOTTE LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/CRYSTAL CITY LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/DENVER CRESCENT TOWN CENTER, LLC,
 a Delaware limited
liability company
  
 MORTON’S OF CHICAGO/FORT LAUDERDALE, LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/GREAT NECK LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/HACKENSACK LLC,
 a Delaware limited liability company

  

 119 

	
	 MORTON’S OF CHICAGO/HARTFORD LLC,
 a Delaware
limited liability company
  
 MORTON’S OF CHICAGO/HONOLULU LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/INDIANAPOLIS LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/JACKSONVILLE LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/KANSAS CITY LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/KING OF PRUSSIA LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/LOUISVILLE LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/NEW ORLEANS LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/NORTHBROOK, LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/MCKINNEY LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/RESTON LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/RICHMOND LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/SCHAUMBURG LLC,
 a Delaware limited liability
company
  
 MORTON’S OF CHICAGO/SOUTH PARK, LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/STAMFORD LLC,
 a Delaware limited liability
company

  

 120 

			
	 MORTON’S OF CHICAGO/TROY, LLC,
 a
Delaware limited liability company
  
 MORTON’S OF CHICAGO/WACKER PLACE,
LLC,
 a Delaware limited liability company
  
 MORTON’S OF CHICAGO/WHITE PLAINS LLC,
 a Delaware limited liability
company
  
 ITALIAN RESTAURANTS HOLDING CORP.,
 a Delaware corporation
  
 BERTOLINI’S RESTAURANTS, INC.,
 a Delaware corporation
  
 BERTOLINI’S OF CIRCLE CENTRE, INC.,
 a
Delaware corporation
  
 BERTOLINI’S/KING OF PRUSSIA, INC.,
 a Delaware corporation
  
 BERTOLINI’S OF LAS VEGAS, INC.,
 a Delaware corporation
  
 BERTOLINI’S AT VILLAGE SQUARE, INC.,
 a
Delaware corporation
  
 SAN ANTONIO STEAKHOUSE, INC.,
 a Texas corporation
  
 ARNIE MORTON’S OF CHICAGO/BURBANK LLC,
 a Delaware limited liability company

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  

 121 

									
	 ADMINISTRATIVE AGENT
 AND LENDERS:
	 	 	 	 WACHOVIA BANK, NATIONAL ASSOCIATION,
 as Administrative Agent and as a Lender

					
	 	 	 	 	 	 	 By:
	 	 
	 	 	 	 	 	 	Name:	 	 
	 	 	 	 	 	 	Title:	 	 

  

 122 

			
	 ROYAL BANK OF CANADA,
 as a Lender

		
	 By:
	 	 
	Name:	 	 
	Title:	 	 

  

 123 

			
	 JPMORGAN CHASE BANK, N.A.,
 as a Lender

		
	 By:
	 	 
	Name:	 	 
	Title:	 	 

  

 124 

			
	 LASALLE NATIONAL BANK,
 as a Lender

		
	 By:
	 	 
	Name:	 	 
	Title:	 	 

  

 125 

			
	 CITIBANK, N.A.,
 as a Lender

		
	 By:
	 	 
	Name:	 	 
	Title:	 	 

  

 126 

 Exhibit 10.13SCH 
  
 Schedule 1.1-1 
  
 [FORM OF] 
 ACCOUNT DESIGNATION LETTER

  
 [Date] 
  
 Wachovia Bank, National Association, 
 as Administrative Agent 
 Charlotte Plaza 
 201 South College Street, CP-8 
 Charlotte, North Carolina 28288-0680

 Attn: Syndication Agency Services 
  
 Ladies and Gentlemen: 
  
 This Account Designation Letter is delivered to you by Morton’s of Chicago, Inc., an Illinois corporation (the “Borrower”), under
the Credit Agreement, dated as of February __, 2006 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), by and among the Borrower, the Guarantors from time to time party thereto, the Lenders from time
to time party thereto and Wachovia Bank, National Association, as Administrative Agent for the Lenders. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement. 
  
 The Administrative Agent is hereby authorized to disburse all Loan proceeds
into the following account, unless the Borrower shall designate, in writing to the Administrative Agent, one or more other accounts: 
  

					
	 	 	 [                                      
              ]
	 	 
	 	 	 ABA Routing Number
[                    ]
	 	 
	 	 	 Account
#[                    ]
	 	 

  
 Notwithstanding the
foregoing, on the Closing Date, funds borrowed under the Credit Agreement shall be sent to the institutions and/or persons designated on payment instructions to be delivered separately. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the undersigned has executed this Account Designation Letter as of the day and year
first above written. 
  

			
	 MORTON’S OF CHICAGO, INC.,

	 an Illinois corporation

		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

 Schedule 1.1-2 
  
 PERMITTED INVESTMENTS 
  
 NONE 

 Schedule 1.1-3 
  
 PERMITTED LIENS 
  

							
	 Credit Party

	  	Location

	  	 	  	 UCC

	MOC/Great Neck LLC	  	New York	  	 	  	FFCA Acquisition Corp. filed 04/13/01 on Real Property (#072162 and 072165)

 Schedule 1.1-4 
  
 COMMITMENT SCHEDULE 
  
 Lender Commitment Schedule 
 ($ in millions) 
  

									
	 Institution

	  	                         Title             
           

	  	Revolving
Committed
Amount

	  	 LOC
 Committed
Amount

	 Wachovia Bank, National Association
	  	Administrative Agent	  	$	25.0	  	$	25.0
	 Royal Bank of Canada
	  	Syndication Agent	  	$	25.0	  	$	25.0
	 JP Morgan Chase Bank
	  	Documentation Agent	  	$	25.0	  	$	25.0
	 LaSalle Bank
	  	Documentation Agent	  	$	20.0	  	$	20.0
	 Citibank, National Association
	  	Participant	  	$	20.0	  	$	20.0
	 	  	 	  	
	
	  	
	

	 Total:
	  	$	115.0	  	$	115.0
	 	  	 	  	
	
	  	
	

 Schedule 2.1(b)(i) 
  
 [FORM OF] 
 NOTICE OF BORROWING 
  
 [Date] 
  
 Wachovia Bank, National Association, 
 as Administrative Agent 
 Charlotte Plaza 
 201 South College Street, CP-8 
 Charlotte, North Carolina 28288-0680 
 Attn: Syndication Agency Services 
  
 Ladies and Gentlemen: 
  
 Pursuant
to Section [2.1(b)(i)][2.4(b)(i)] of the Credit Agreement, dated as of February __, 2006 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), by and among Morton’s of Chicago, Inc., an Illinois
corporation, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and Wachovia Bank, National Association, as Administrative Agent for the Lenders, the Borrower hereby requests the following (the
“Proposed Borrowing”): 
  

	I.	Revolving Loans be made as follows: 

  

							
	 Date

	  	Amount

	  	 Interest
 Rate
 (Alternate Base Rate/
 LIBOR Rate)

	  	 Interest
 Period
 (one, two, three or six months
 — for LIBOR Rate only)

	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 
	 	  	 	  	 	  	 

  

	NOTE:	BORROWINGS MUST BE IN A MINIMUM AGGREGATE AMOUNT OF (A) WITH RESPECT TO ALTERNATE BASE RATE LOANS, $1,000,000 AND IN INTEGRAL MULTIPLES OF $500,000 IN EXCESS THEREOF AND
(B) WITH RESPECT TO LIBOR RATE LOANS, $1,000,000 AND INTEGRAL MULTIPLES OF $500,000 IN EXCESS THEREOF. 

  

	II.	Swingline Loans to be made on [date] as follows: 

  
 Swingline Loans requested: 
  

			
	 (1)    Total Amount of Swingline Loans
	  	$                    

  

	NOTE:	SWINGLINE LOAN BORROWINGS MUST BE IN A MINIMUM AMOUNT OF $100,000 AND IN INTEGRAL AMOUNTS OF $100,000 IN EXCESS THEREOF. 

  
 Terms defined in the Credit Agreement shall have the same meanings when used
herein. 

 The undersigned hereby certifies that the following statements are true on the date hereof and will be
true on the date of the Proposed Borrowing: 
  
 (A) the representations and warranties made by the Credit Parties in the Credit Agreement, in the Security Documents or which are contained in any certificate furnished at any time under or in connection therewith shall (i) with
respect to representations and warranties that contain a materiality qualification, be true and correct and (ii) with respect to representations and warranties that do not contain a materiality qualification, be true and correct in all material
respects, in each case on and as of date of the Proposed Borrowing as if made on and as of such date except for any representation and warranty made as of an earlier date, which representation and warranty shall remain true and correct as of such
earlier date. 
  
 (B) no Default or Event of
Default has occurred and is continuing on the date of the Proposed Borrowing, or after giving effect to the Proposed Borrowing unless such Default or Event of Default shall have been waived in accordance with the Credit Agreement; 
  
 (C) immediately after giving effect to the making of the
Proposed Borrowing (and the application of the proceeds thereof), (i) the sum of the aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed the Revolving
Committed Amount, (ii) the LOC Obligations shall not exceed the LOC Committed Amount and (iii) the Swingline Loans shall not exceed the Swingline Committed Amount; and 
  
 (D) with respect to such Proposed Borrowing made pursuant to Sections 2.1, 2.2, 2.3, 2.4 or 2.5, all
conditions set forth in such Section, as applicable, have been satisfied. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

			
	 Very truly yours,

	
	 MORTON’S OF CHICAGO, INC.,

	 an Illinois corporation

		
	By:	 	 
	 Name: 
	 	 
	 Title:
	 	 

 Schedule 2.1(e) 
  
 [FORM OF] 
 REVOLVING NOTE 
  
 [Date] 
  
 FOR VALUE RECEIVED, the undersigned, MORTON’S OF CHICAGO, INC., an
Illinois corporation (the “Borrower”) hereby unconditionally promises to pay, on the Revolving Commitment Termination Date, to the order of
                     (the “Lender”) at the office of Wachovia Bank, National Association located at Charlotte Plaza, 201
South College Street, CP-8, Charlotte, North Carolina 28288-0680, in lawful money of the United States of America and in immediately available funds, the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the undersigned
pursuant to Section 2.1 of the Credit Agreement referred to below. The undersigned further agrees to pay interest in like money at such office on the unpaid principal amount hereof and, to the extent permitted by law, accrued interest in
respect hereof from time to time from the date hereof until payment in full of the principal amount hereof and accrued interest hereon, at the rates and on the dates set forth in the Credit Agreement. 
  
 The holder of this Revolving Note is authorized to endorse the date and
amount of each Revolving Loan made pursuant to Section 2.1 of the Credit Agreement and each payment of principal and interest with respect thereto and its character as a LIBOR Rate Loan or an Alternate Base Rate Loan on Schedule 1
annexed hereto and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, which endorsement shall constitute prima facie evidence of the accuracy of the information endorsed (absent error);
provided, however, that the failure to make any such endorsement shall not affect the obligations of the undersigned under this Revolving Note. 
  
 This Note is one of the Revolving Notes referred to in the Credit Agreement, dated as of February __, 2006 (as amended, restated, supplemented or
otherwise modified, the “Credit Agreement”), by and among the Borrower, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and Wachovia Bank, National Association, as Administrative Agent for
the Lenders, and the holder is entitled to the benefits thereof. Capitalized terms used but not otherwise defined herein shall have the meanings provided in the Credit Agreement. 
  
 Upon the occurrence of any one or more of the Events of Default specified in the Credit Agreement, all amounts then
remaining unpaid on this Revolving Note shall become, or may be declared to be, immediately due and payable, all as provided therein. In the event this Revolving Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to
pay, in addition to principal and interest, all costs of collection, including reasonable attorneys’ fees as provided in the Credit Agreement. 
  
 All parties now and hereafter liable with respect to this Revolving Note, whether maker, principal, surety, endorser or otherwise, hereby waive
presentment, demand, protest and all other notices of any kind. 
  
 THIS REVOLVING NOTE SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK
GENERAL OBLIGATIONS LAW). 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK] 

			
	 MORTON’S OF CHICAGO, INC.,

	 an Illinois corporation

		
	By:	 	 
	 Name: 
	 	 
	 Title:
	 	 

 SCHEDULE 1 
 to 
 Revolving Note 
  
 LOANS AND PAYMENTS OF PRINCIPAL 
  

																	
	 Date

	  	 Amount
 of
 Loan

	  	 Type
 of
 Loan1

	  	 Interest
 Rate

	  	 Interest
 Period

	  	 Maturity
 Date

	  	 Principal
 Paid
 or
 Converted

	  	 Principal
 Balance

	  	 Notation
 Made By

	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 	  	 

	1	The type of Loan may be represented by “L” for LIBOR Rate Loans or “ABR” for Alternate Base Rate Loans. 

 Schedule 2.4(d) 
  
 [FORM OF] 
 SWINGLINE NOTE 
  
 [Date] 
  
 FOR VALUE RECEIVED, the undersigned, MORTON’S OF CHICAGO, INC., an
Illinois corporation (the “Borrower”) hereby unconditionally promises to pay on the Revolving Commitment Termination Date, to the order of
                     (the “Swingline Lender”) at the office of Wachovia Bank, National Association located at Charlotte
Plaza, 201 South College Street, CP-8, Charlotte, North Carolina 28288-0680, in lawful money of the United States of America and in immediately available funds, the aggregate unpaid principal amount of all Swingline Loans made by the Swingline
Lender to the undersigned pursuant to Section 2.4 of the Credit Agreement referred to below. The undersigned further agrees to pay interest in like money at such office on the unpaid principal amount hereof and, to the extent permitted by law,
accrued interest in respect hereof from time to time from the date hereof until payment in full of the principal amount hereof and accrued interest hereon, at the rates and on the dates set forth in the Credit Agreement. 
  
 The holder of this Swingline Note is authorized to endorse the date and
amount of each Swingline Loan made pursuant to Section 2.4 of the Credit Agreement and each payment of principal and interest with respect thereto and its character as an Alternate Base Rate Loan or otherwise on Schedule 1 annexed hereto
and made a part hereof, or on a continuation thereof which shall be attached hereto and made a part hereof, which endorsement shall constitute prima facie evidence of the accuracy of the information endorsed (absent error); provided,
however, that the failure to make any such endorsement shall not affect the obligations of the undersigned under this Swingline Note. 
  
 This Note is the Swingline Note referred to in the Credit Agreement, dated as of February __, 2006 (as amended, restated, supplemented or otherwise
modified, the “Credit Agreement”), by and among the Borrower, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and Wachovia Bank, National Association, as Administrative Agent for the
Lenders, and the holder is entitled to the benefits thereof. Capitalized terms used but not otherwise defined herein shall have the meanings provided in the Credit Agreement. 
  
 Upon the occurrence of any one or more of the Events of Default specified in the Credit Agreement, all amounts then
remaining unpaid on this Swingline Note shall become, or may be declared to be, immediately due and payable, all as provided therein. In the event this Swingline Note is not paid when due at any stated or accelerated maturity, the Borrower agrees to
pay, in addition to principal and interest, all costs of collection, including reasonable attorneys’ fees as provided in the Credit Agreement. 
  
 All parties now and hereafter liable with respect to this Swingline Note, whether maker, principal, surety, endorser or otherwise, hereby waive
presentment, demand, protest and all other notices of any kind. 
  
 THIS SWINGLINE NOTE SHALL BE GOVERNED BY AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK
GENERAL OBLIGATIONS LAW). 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK] 

			
	MORTON’S OF CHICAGO, INC.,
	 an Illinois corporation

		
	By:	 	 
	 Name: 
	 	 
	 Title:
	 	 

 SCHEDULE 1 
 to 
 Swingline Note 
  
 LOANS AND PAYMENTS OF PRINCIPAL 
  

													
	 Date

	  	 Amount
 of
 Loan

	  	 Type
 of
 Loan

	  	 Interest
 Rate

	  	 Principal
 Paid

	  	 Principal
 Balance

	  	 Notation
 Made By

	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 	  	 

 Schedule 2.10 
  
 [FORM OF] 
 NOTICE OF CONVERSION/EXTENSION 
  
 [Date]

  
 Wachovia Bank, National Association,

 as Administrative Agent 
 Charlotte Plaza 
 201 South College Street, CP-8 
 Charlotte, North Carolina 28288-0680 
 Attn: Syndication Agency Services 
  
 Ladies and Gentlemen: 
  
 Pursuant
to Section 2.10 of the Credit Agreement, dated as of February __, 2006 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), by and among Morton’s of Chicago, Inc., an Illinois corporation,
the Guarantors from time to time party thereto, the Lenders from time to time party thereto and Wachovia Bank, National Association, as Administrative Agent for the Lenders, the Borrower hereby requests
                     conversion or              extension of the following
Loans be made as follows (the “Proposed Conversion/Extension”): 
  

											
	 Applicable
Loan

	  	Current
Interest Rate
and Interest
Period

	  	Date

	  	 Amount to be
converted/
 extended

	  	 Requested Interest
 Rate
 (Alternate Base
Rate/LIBOR Rate)

	  	 Requested Interest
 Period
 (one, two, three or six months
 — for LIBOR Rate only)

	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 
	 	  	 	  	 	  	 	  	 	  	 

  

	 	NOTE:    	PARTIAL CONVERSIONS MUST BE IN AGGREGATE PRINCIPAL AMOUNTS OF $1,000,000 OR A WHOLE MULTIPLE OF $500,000 IN EXCESS THEREOF. 

  
 Terms defined in the Credit Agreement shall have the same meanings when used
herein. 
  
 The undersigned hereby certifies that: 
  
 (a) the representations and warranties made by the Credit
Parties in the Credit Agreement, in the Security Documents or which are contained in any certificate furnished at any time under or in connection therewith shall (i) with respect to representations and warranties that contain a materiality
qualification, be true and correct and (ii) with respect to representations and warranties that do not contain a materiality qualification, be true and correct in all material respects, in each case on and as of date of the Proposed
Conversion/Extension as if made on and as of such date except for any representation and warranty made as of an earlier date, which representation and warranty shall remain true and correct as of such earlier date. 
  
 (b) No Default or Event of Default shall have occurred and
be continuing on such date or after giving effect to the Proposed Conversion/Extension to be made on such date unless such Default or Event of Default shall have been waived in accordance with the Credit Agreement. 
  
 (c) Immediately after giving effect to the making of any
such Proposed Conversion/Extension (and the application of the proceeds thereof), (i) the sum of aggregate principal amount of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed the
Revolving Committed Amount, (ii) the LOC Obligations shall not exceed the LOC Committed Amount and (iii) the outstanding Swingline Loans shall not exceed the Swingline Committed Amount. 

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

			
	 Very truly yours,

	
	 MORTON’S OF CHICAGO, INC.,
 an Illinois corporation

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

 Schedule 2.18 
  
 TAX EXEMPT CERTIFICATE 
  
 Reference is hereby made to the Credit Agreement, dated as of February __, 2006 (as amended, restated, supplemented or otherwise modified, the
“Credit Agreement”), by and among Morton’s of Chicago, Inc., an Illinois corporation, the Guarantors from time to time party thereto (the “Guarantors”), the Lenders from time to time party thereto (the
“Lenders”) and Wachovia Bank, National Association, as Administrative Agent for the Lenders (the “Administrative Agent”). Pursuant to the provisions of Section 2.18 of the Credit Agreement, the undersigned
hereby certifies that it is not a “bank” as such term is used in Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the “Code”), is not a 10-percent shareholder (within the meaning of
Section 871(h)(3)(B) of the Code) of the Borrower and is not a controlled foreign corporation related to the Borrower (within the meaning of Section 864(d)(4) of the Code) and the undersigned shall promptly notify the Administrative Agent
and the Borrower in the event any such representation is no longer accurate. 
  

			
	[NAME OF LENDER]
		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

 Schedule 3.12 
  

																		
	 Company

	  	 Fed ID
 #

	  	 State of Inc.
state qualified
 to do
 business in

	  	 Date of
Inc.

	  	Authorized
Shares

	  	Issued
Shares

	  	Par
Value

	  	 Owner

	1.	 	 Quantum Restaurant Development Corporation
	  	11-3198385	  	 GA
 NY
	  	8/2/93	  	1,500	  	1,000	  	 	no par	  	 Morton’s Restaurant
 Group, Inc.

									
	2.	 	 Santa Fe Steakhouse & Cantina Corp. *
	  	11-3240532	  	DE	  	10/19/94	  	1,500	  	1,000	  	 	no par	  	 Quantum Restaurant
 Development Corp.

									
	3.	 	 Porterhouse, Inc.
	  	22-2828525	  	 DE
 IL
	  	8/3/87	  	2,000	  	1,000	  	$	.01	  	Morton’s Restaurant Group, Inc.
									
	4.	 	 Morton’s of Chicago, Inc.
	  	36-2963061	  	IL	  	5/2/78	  	2,000	  	1,000	  	$	1.00	  	Porterhouse, Inc.
									
	5.	 	 Morton’s of Chicago Addison, Inc.**
	  	75-2531230	  	 DE
 TX
	  	3/11/94	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	6.	 	 Morton’s of Chicago/Atlanta, Inc.
	  	58-1604103	  	 IL
 GA
	  	2/5/85	  	50,000	  	2,000	  	$	10.00	  	Morton’s of Chicago, Inc.
									
	7.	 	 Morton’s of Chicago/Buckhead, Inc.
	  	58-2073163	  	 DE
 GA
	  	9/2/93	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	8.	 	 Morton’s of Chicago/Chicago, Inc.
	  	36-3813773	  	 DE
 IL
	  	9/23/91	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	9.	 	 Morton’s of Chicago/Cincinnati, Inc.
	  	31-1311669	  	 DE
 OH
	  	10/23/90	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	10.	 	 Morton’s of Chicago/Clayton, Inc.
	  	36-3899556	  	 DE
 MO
	  	4/12/93	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	11.	 	 Morton’s of Chicago/Cleveland, Inc.
	  	34-1642143	  	 IL
 OH
	  	11/29/89	  	50,000	  	2,000	  	$	10.00	  	Morton’s of Chicago, Inc.

																		
	 Company

	  	 Fed ID
 #

	  	 State of Inc.
state qualified
 to do
 business in

	  	 Date of
Inc.

	  	Authorized
Shares

	  	Issued
Shares

	  	Par
Value

	  	 Owner

	12.	 	 Morton’s of Chicago/Columbus, Inc.
	  	31-1311701	  	 DE
 OH
	  	6/15/90	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	13.	 	 Morton’s of Chicago/Dallas, Inc.
	  	36-3447352	  	 IL
 TX
	  	2/5/86	  	50,000	  	2,000	  	$	10.00	  	Morton’s of Chicago, Inc.
									
	14.	 	 Morton’s of Chicago/Denver, Inc.
	  	84-0972465	  	 IL
 CO
	  	12/19/84	  	50,000	  	2,000	  	$	10.00	  	Morton’s of Chicago, Inc.
									
	15.	 	 Morton’s of Chicago/Detroit, Inc.
	  	38-3061966	  	 DE
 MI
	  	6/11/92	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	16.	 	 Morton’s of Chicago/Fifth Avenue, Inc.
	  	13-3702276	  	 DE
 NY
	  	12/29/92	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	 17.
	 	 Morton’s of Chicago/Flamingo Road Corp.
	  	88-0428235	  	 DE
 NV
	  	5/12/99	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	18.	 	 Morton’s of Chicago/Houston, Inc.
	  	76-0480470	  	 DE
 TX
	  	10/14/93	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	19.	 	 Morton’s of Chicago/Minneapolis, Inc.
	  	36-3776421	  	 DE
 MN
	  	6/7/91	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	20.	 	 Morton’s of Chicago/Nashville, Inc.
	  	62-1555524	  	 DE
 TN
	  	7/26/93	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	21.	 	 Morton’s of Chicago/Palm Desert, Inc.
	  	33-0573585	  	 DE
 CA
	  	9/15/92	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	22.	 	 Morton’s of Chicago/Philadelphia, Inc.
	  	36-3322496	  	 IL
 PA
	  	9/24/84	  	50,000	  	2,000	  	$	10.00	  	Morton’s of Chicago, Inc.

																		
	 Company

	  	 Fed ID
 #

	  	 State of Inc.
state qualified
 to do
 business in

	  	 Date of
Inc.

	  	Authorized
Shares

	  	Issued
Shares

	  	Par
Value

	  	 Owner

	 23.
	 	 Morton’s of Chicago/ Phoenix, Inc.
	  	86-0669799	  	 DE
 AZ
	  	10/23/90	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	 24.
	 	 Morton’s of Chicago/ Pittsburgh, Inc.
	  	25-1707046	  	 DE
 PA
	  	2/9/93	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	 25.
	 	 Morton’s of Chicago/ Portland, Inc.
	  	36-4184660	  	 DE
 OR
	  	10/16/97	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	 26.
	 	 Morton’s of Chicago/ Puerto Rico, Inc.
	  	66-0578469	  	 DE
 PR
	  	10/15/99	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc
									
	 27.
	 	 Morton’s of Chicago/ Rosemont, Inc.
	  	36-3647177	  	 IL
 None
	  	2/8/89	  	50,000	  	2,000	  	$	10.00	  	Morton’s of Chicago, Inc.
									
	 28.
	 	 Morton’s of Chicago/ Sacramento, Inc.
	  	68-0285990	  	 DE
 CA
	  	5/29/92	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	 29.
	 	 Morton’s of Chicago/ San Antonio, Inc.
	  	74-2585678	  	 DE
 TX
	  	10/23/90	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	 30.
	 	 Morton’s of Chicago/ San Diego, Inc.
	  	93-1206885	  	 DE
 CA
	  	4/02/96	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	 31.
	 	 Morton’s of Chicago/ San Francisco, Inc.
	  	94-3199306	  	 DE
 CA
	  	9/28/93	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	 32.
	 	 Morton’s of Chicago/ Santa Ana, Inc.
	  	33-0538029	  	 DE
 CA
	  	8/21/92	  	3,000	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	 33.
	 	 Morton’s of Chicago/ Scottsdale, Inc.
	  	36-4206009	  	 DE
 AZ
	  	2/3/98	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.
									
	 34.
	 	 Morton’s of Chicago/ Seattle, Inc.
	  	91-1943719	  	 DE
 WA
	  	7/6/98	  	1,500	  	1,000	  	 	no par	  	Morton’s of Chicago, Inc.

																		
	 Company

	  	 Fed ID
 #

	  	 State of Inc.
 state qualified
to do
 business in

	  	Date of
Inc.

	  	Authorized
Shares

	  	Issued
Shares

	  	Par
Value

	  	 Owner

	35.	 	 Morton’s of Chicago/Virginia, Inc.
	  	54-1536742	  	IL
VA	  	12/21/89	  	50,000	  	1,000	  	$	20.00	  	 Morton’s of
 Chicago, Inc.

									
	36.	 	 Morton’s of Chicago/Washington D.C. Inc.
	  	98-0115765	  	DE
DC	  	3/27/90	  	3,000	  	1,000	  	 	no par	  	 Morton’s of
 Chicago, Inc.

									
	37.	 	 Morton’s of Chicago/Washington Square, Inc.
	  	52-1973878	  	DE
DC	  	4/18/96	  	1,500	  	1,000	  	 	no par	  	 Mortons’ of
 Chicago, Inc.

									
	38.	 	 Morton’s of Chicago/West Street, Inc.**
	  	13-3819860	  	DE
NY	  	9/9/93	  	1,500	  	1,000	  	 	no par	  	 Morton’s of
 Chicago, Inc.

									
	39.	 	 Morton’s of Chicago/ Westbrook, Inc.
	  	36-3421647	  	IL
None	  	6/12/85	  	50,000	  	2,000	  	$	10.00	  	 Morton’s of
 Chicago, Inc.

									
	40.	 	 Porterhouse of Los Angeles, Inc.
	  	95-4346738	  	DE
CA	  	7/10/91	  	3,000	  	1,000	  	 	no par	  	 Morton’s of
 Chicago, Inc.

									
	41.	 	 Morton’s, Inc.*
	  	36-3293061	  	IL
None	  	6/30/82	  	10,000	  	1,000	  	$	1.00	  	 Morton’s of
 Chicago, Inc.

									
	42.	 	 MOCGC Corp.
	  	06-1635276	  	VA
IL	  	9/14/01	  	1,500	  	1,000	  	 	no par	  	 Morton’s of
 Chicago, Inc.

									
	43.	 	 Addison Steakhouse, Inc.++
	  	75-2557728	  	TX
None	  	3/11/94	  	100,000	  	490	  	$	1.00	  	 MOC/Addison,
 Inc.

									
	44.	 	 Chicago Steakhouse, Inc.++
	  	75-2165973	  	TX
None	  	3/20/87	  	100,000	  	1,000	  	$	1.00	  	 MOC/Dallas,
 Inc.

									
	45.	 	 Houston Steakhouse, Inc.++
	  	76-0480466	  	TX
None	  	4/4/95	  	100,000	  	1,000	  	$	1.00	  	 MOC/Houston,
 Inc.

									
	46.	 	 San Antonio Steakhouse, Inc.++
	  	74-2596248	  	TX
None	  	2/7/91	  	100,000	  	1,000	  	$	1.00	  	 MOC/San
 Antonio, Inc.

																	
	 Company

	  	 Fed ID
 #

	  	 State of Inc.
 state qualified
to do
 business in

	  	Date of
Inc.

	  	Authorized
Shares

	  	Issued
Shares

	  	Par
Value

	  	 Owner

	47.	 	 Morton’s of Chicago Holding, Inc.
	  	36-4283747	  	DE
IL/NJ	  	11/4/98	  	1,500	  	1,000	  	no par	  	 Morton’s of
 Chicago, Inc.

									
	48.	 	 Morton’s of Chicago/Anaheim LLC
	  	 	  	DE
CA	  	12/1/05	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	49.	 	 Morton’s of Chicago/Atlantic City, LLC
	  	34-2012888	  	DE
NJ	  	8/11/04	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	50.	 	 Morton’s of Chicago/Baltimore, LLC
	  	52-1979778	  	DE
MD	  	4/1/96	  	1,500	  	1,000	  	no par	  	 Morton’s of
 Chicago
 Maryland
 Holding, Inc.

									
	51.	 	 Morton’s of Chicago/Bethesda LLC
	  	87-0646507	  	DE
MD	  	9/29/99	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	52.	 	 Morton’s of Chicago/Boca Raton, LLC
	  	58-2434296	  	DE
FL	  	7/6/98	  	1,500	  	1,000	  	no par	  	 Morton’s of
 Chicago Florida
 Holding, Inc.

									
	53.	 	 Morton’s of Chicago/Boston LLC
	  	11-3483522	  	DE
MA	  	11/17/98	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	54.	 	 Arnie Morton’s of Chicago/Burbank LLC
	  	52-2344093	  	DE
CA	  	7/19/01	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	55.	 	 Morton’s of Chicago/Charlotte LLC
	  	11-3483524	  	DE
NC	  	11/30/98	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	56.	 	 Morton’s of Chicago/Coral Gables LLC
	  	42-1690860	  	DE
FL	  	6/13/05	  	1,500	  	1,000	  	no par	  	 Morton’s of
 Chicago Florida
 Holding, Inc.

									
	57.	 	 Morton’s of Chicago/Crystal City LLC
	  	52-2328882	  	DE
VA	  	5/21/01	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

																	
	 Company

	  	 Fed ID
 #

	  	 State of Inc.
 state qualified
to do
 business in

	  	Date of
Inc.

	  	Authorized
Shares

	  	Issued
Shares

	  	Par
Value

	  	 Owner

	58.	 	 Morton’s of Chicago/Denver Crescent Town Center, LLC
	  	84-1507073	  	DE
CO	  	5/5/99	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	59.	 	 Arnie Morton’s of Chicago/Figueroa LLC
	  	52-2285128	  	DE
CA	  	11/30/00	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	60.	 	 Morton’s of Chicago/Fort Lauderdale, LLC
	  	71-0964658	  	DE
FL	  	3/4/04	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	61.	 	 Morton’s of Chicago/Great Neck LLC.
	  	11-3464741	  	DE
NY	  	12/7/98	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	62.	 	 Morton’s of Chicago/Hackensack LLC
	  	52-2285085	  	DE
NJ	  	11/16/00	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	63.	 	 Morton’s of Chicago/Hartford LLC
	  	06-1566519	  	DE
CT	  	8/23/99	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	64.	 	 Morton’s of Chicago/Honolulu LLC
	  	99-0351666	  	DE
HI	  	8/30/00	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	65.	 	 Morton’s of Chicago/Indianapolis LLC
	  	35-2076460	  	DE
IN	  	4/15/99	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	66.	 	 Morton’s of Chicago/Jacksonville LLC
	  	58-2453593	  	DE
FL	  	3/12/99	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

									
	67.	 	 Morton’s of Chicago/Kansas City LLC.
	  	36-4287244	  	DE
MO	  	12/10/98	  	1,500	  	1,000	  	no par	  	 MOC Holding,
 Inc.

																			
	 	 	Company

	  	 Fed ID #

	  	 State of Inc.
 state qualified
to do
 business in

	  	Date of
Inc.

	  	Authorized
Shares

	  	Issued
Shares

	  	 Par
Value

	  	 Owner

	 	 	68.	 	Morton’s of Chicago/King of Prussia LLC	  	23-3091798	  	 DE
 PA
	  	5/14/01	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
										
	 	 	69.	 	Morton’s of Chicago/La Jolla LLC *	  	33-0928522	  	DE	  	8/18/00	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
										
	 	 	70.	 	Morton’s of Chicago/Louisville LLC	  	61-1370928	  	 DE
 KY
	  	4/6/00	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
										
	 	 	71.	 	Morton’s of Chicago/McKinney LLC.	  	11-3483547	  	 DE
 NC
	  	11/30/98	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
										
	 	 	72.	 	Morton’s of Chicago/Miami, LLC	  	65-0725983	  	 DE
 FL
	  	1/14/97	  	1,500	  	1,000	  	no par	  	 Morton’s of
 Chicago Florida
 Holding, Inc.

										
	 	 	73.	 	Morton’s of Chicago/New Orleans LLC	  	72-1474726	  	 DE
 LA
	  	4/27/00	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
										
	 	 	74.	 	Morton’s of Chicago/North Miami Beach, LLC	  	65-0748320	  	 DE
 FL
	  	2/28/97	  	1,500	  	1,000	  	no par	  	Morton’s of Chicago Florida Holding, Inc.
										
	 	 	75.	 	Morton’s of Chicago/Northbrook, LLC	  	14-1947000	  	 DE
 IL
	  	8/8/05	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
										
	 	 	76.	 	Morton’s of Chicago/Orlando, LLC	  	56-1838091	  	 DE
 FL
	  	7/14/93	  	1,500	  	1,000	  	no par	  	Morton’s of Chicago Florida Holding, Inc.
										
	 	 	77.	 	Morton’s of Chicago/Palm Beach LLC	  	65-0275181	  	 DE
 FL
	  	5/15/91	  	3,000	  	1,000	  	no par	  	Morton’s of Chicago Florida Holding, Inc.
										
	 	 	78.	 	Morton’s of Chicago/Pittsburgh LLC.	  	11-3483546	  	 DE
 PA
	  	11/30/98	  	1,500	  	1,000	  	no par	  	MOC/Pittsburgh, Inc.

																	
	 Company

	  	 Fed ID
 #

	  	 State of Inc.
 state qualified
to do
 business in

	  	Date of
Inc.

	  	Authorized
Shares

	  	Issued
Shares

	  	 Par
Value

	  	 Owner

	 79.
	 	Morton’s of Chicago/Reston LLC	  	54-2015638	  	 DE
 VA
	  	9/8/00	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
									
	 80.
	 	Morton’s of Chicago/Richmond LLC.	  	52-2285125	  	 DE
 VA
	  	11/3/00	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
									
	 81.
	 	Morton’s of Chicago/Schaumburg LLC	  	36-4294309	  	 DE
 IL
	  	4/28/99	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
									
	 82.
	 	Morton’s of Chicago/SouthPark, LLC	  	56-2139509	  	 DE
 NC
	  	11/30/98	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
									
	 83.
	 	Morton’s of Chicago/Stamford LLC.	  	06-1542688	  	 DE
 CT
	  	11/30/98	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
									
	 84.
	 	Morton’s of Chicago/Troy, LLC	  	84-1661965	  	 DE
 MI
	  	11/29/04	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
									
	 85.
	 	Morton’s of Chicago/Wacker Place LLC	  	84-1646609	  	DE	  	4/8/04	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
									
	 86.
	 	Morton’s of Chicago/White Plains LLC	  	41-2107441	  	 DE
 NY
	  	6/25/03	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
									
	 87.
	 	Morton’s of Chicago/Wisconsin LLC.*	  	36-4425343	  	 DE
 WI
	  	12/4/00	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
									
	 88.
	 	Morton’s of Chicago Florida Holding, Inc.	  	38-3725075	  	 DE
 FL
	  	6/3/05	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.
									
	 89.
	 	Morton’s of Chicago Maryland Holding, Inc.	  	36-4577413	  	 DE
 MD
	  	6/3/05	  	1,500	  	1,000	  	no par	  	MOC Holding, Inc.

																		
	 Company

	  	 Fed ID
 #

	  	 State of Inc.
 state qualified
to do
 business in

	  	Date of
Inc.

	  	Authorized
Shares

	  	Issued
Shares

	  	Par
Value

	  	 Owner

	 90.
	 	Morton’s of Chicago Asia (Singapore) Pte. Ltd.	  	98-0174066	  	Singapore	  	4/12/97	  	100,000	  	2	  	$	1.00	  	Morton’s of Chicago, Inc.
									
	 91.
	 	Morton’s of Chicago (Singapore) Pte. Ltd.	  	98-0174094	  	Singapore	  	3/18/97	  	100,000	  	2	  	$	1.00	  	 Morton’s of Chicago
 Asia (Singapore) Pte. Ltd.

									
	 92.
	 	Morton’s of Chicago/Toronto, Inc.	  	98-0210127	  	Canada	  	12/27/99	  	1,500	  	1,000	  	 	no par	  	 Morton’s of
 Chicago, Inc.

									
	 93.
	 	Morton’s of Chicago/Vancouver, Inc.	  	98-0228074	  	Canada	  	11/3/99	  	1,500	  	1,000	  	$	1.00	  	 Morton’s of
 Chicago, Inc.

									
	 94.
	 	Morton’s of Chicago Kowloon Limited	  	98-0206684	  	HongKong	  	4/23/99	  	98	  	98	  	$	HK10	  	 Morton’s of
 Chicago, Inc.

									
	 95.
	 	Morton’s of Chicago Hong Kong Limited**	  	52-2300629	  	 Hong
 Kong
	  	8/25/00	  	98	  	98	  	$	HK10	  	 Morton’s of
 Chicago, Inc

									
	 96.
	 	Italian Restaurants Holding Corp.	  	11-3092950	  	 DE
 NV
	  	12/12/91	  	3,000	  	1,000	  	 	no par	  	Morton’s Restaurant Group, Inc.
									
	 97.
	 	Bertolini’s Restaurants, Inc.	  	11-3092952	  	 DE
 NV
	  	12/12/91	  	3,000	  	1,000	  	 	no par	  	Italian Restaurants Holding Corp.
									
	 98.
	 	Bertolini’s of Circle Centre, Inc.	  	35-1973525	  	 DE
 IN
	  	8/11/95	  	1,500	  	1,000	  	 	no par	  	Bertolini’s Restaurants, Inc.
									
	 99.
	 	Bertolini’s/ King of Prussia, Inc.	  	23-2808728	  	 DE
 PA
	  	9/25/92	  	1,500	  	1,000	  	 	no par	  	Bertolini’s Restaurants, Inc.
									
	 100.
	 	Bertolini’s of Las Vegas, Inc.	  	11-3092953	  	 DE
 NV
	  	12/18/91	  	1,500	  	1,000	  	 	no par	  	Bertolini’s Restaurants, Inc.

																	
	Company

	  	 Fed ID
 #

	  	 State of Inc.
 state qualified
to do
 business in

	  	Date of
Inc.

	  	Authorized
Shares

	  	Issued
Shares

	  	 Par
Value

	  	 Owner

	101.	 	Bertolini’s at Market Square, Inc. **	  	58-1883708	  	 DE
 DC
	  	11/28/89	  	3,000	  	1,000	  	$.01	  	 Bertolini’s
 Restaurants, Inc.

									
	102.	 	Bertolini’s at Village Square, Inc.	  	88-0387999	  	 DE
 NV
	  	1/21/98	  	1,500	  	1,000	  	no par	  	 Bertolini’s
 Restaurants, Inc.

									
	103.	 	Peasant Holding Corp.	  	58-1883832	  	 DE
 None
	  	11/28/89	  	3,000	  	1,000	  	$.01	  	 Morton’s Restaurant
 Group, Inc.

									
	104.	 	Mick’s at PA Ave., Inc.**	  	52-1789891	  	 DE
 DC
	  	7/29/92	  	3,000	  	1,000	  	no par	  	 Peasant Holding
 Corp.

									
	105.	 	Mick’s at Fair Oaks, Inc.**	  	52-1826175	  	 DE
 VA
	  	5/4/93	  	1,500	  	1,000	  	no par	  	 Peasant Holding
 Corp.

									
	106.	 	Mick’s at Annapolis Mall, Inc.**	  	52-1842226	  	 DE
 MD
	  	6/30/93	  	1,500	  	1,000	  	no par	  	 Peasant Holding
 Corp.

  
 FOOTNOTES TO SCHEDULE 3.12:

  

	*	Corporation formed but inactive 

  

	++	Created for liquor license purposes 

  

	**	Restaurants have been closed 

 Schedule 3.16 
  
 INTELLECTUAL PROPERTY 
  
 MORTON’S SERVICE MARK STATUS REPORT 
  

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 502900
	  	ARNIE MORTON’S	  	76/542433	  	05-Sep-2003	  	2915742	  	04-Jan-2005	  	Registered	  	United States of America
	 502800
	  	ARNIE MORTON’S & DESIGN	  	76/542432	  	05-Sep-2003	  	2915741	  	04-Jan-2005	  	Registered	  	United States of America
	 500130
	  	ARNIE MORTON’S OF CHICAGO	  	74/234717	  	02-Jan-1992	  	1829037	  	29-Mar-1994	  	Registered	  	United States of America
	 500140
	  	ARNIE MORTON’S OF CHICAGO THE	  	74/251512	  	02-Mar-1992	  	1832491	  	19-Apr-1994	  	Registered	  	United States of America
	 	  	STEAK HOUSE & DESIGN	  	 	  	 	  	 	  	 	  	 	  	 
	 500120
	  	ARNIE MORTON’S OF CHICAGO THE	  	74/234803	  	02-Jan-1992	  	1829038	  	29-Mar-1994	  	Registered	  	United States of America
	 	  	STEAKHOUSE	  	 	  	 	  	 	  	 	  	 	  	 
	 503000
	  	ARNIE MORTON’S THE STEAKHOUSE	  	76/542434	  	05-Sep-2003	  	2915743	  	04-Jan-2005	  	Registered	  	United States of America
	 503500
	  	BAR 12 21	  	78/786220	  	06-Jan-2006	  	 	  	 	  	Pending	  	United States of America
	 500180
	  	LEGENDS ARE LARGER THAN LIFE	  	75/409623	  	22-Dec-1997	  	2302701	  	21-Dec-1999	  	Registered	  	United States of America
	 500510
	  	MORTON’S	  	 	  	 	  	028767	  	08-Aug-1990	  	Registered	  	Arizona
	 500585
	  	MORTON’S	  	1065114	  	15-Jul-2005	  	 	  	 	  	Pending	  	Australia
	 500525
	  	MORTON’S	  	AM410/97	  	29-Jan-1997	  	169442	  	28-Apr-1997	  	Registered	  	Austria
	 500529
	  	MORTON’S	  	896774	  	02-Jul-1997	  	618485	  	02-Jun-1998	  	Registered	  	Benelux
	 500544
	  	MORTON’S	  	820000221	  	05-Aug-1997	  	820000221	  	16-Nov-1999	  	Registered	  	Brazil
	 500517
	  	MORTON’S	  	745563	  	20-Jan-1994	  	502128	  	09-Oct-1998	  	Registered	  	Canada
	 500545
	  	MORTON’S	  	383911	  	16-Jul-1997	  	504018	  	10-Feb-1998	  	Registered	  	Chile
	 500546
	  	MORTON’S	  	9800012263	  	16-Feb-1998	  	1282419	  	06-Jun-1999	  	Registered	  	China (Peoples Republic)
	 500561
	  	MORTON’S	  	2000/71026	  	24-May-2000	  	1619906	  	14-Aug-2001	  	Registered	  	China (Peoples Republic)

  

			
	Monday, February 06, 2006	  	Page 1 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 500502
	  	MORTON’S	  	 	  	 	  	1130929	  	18-Aug-1997	  	Registered	  	Colorado
	 500567
	  	MORTON’S	  	 	  	 	  	21437	  	08-Feb-2002	  	Registered	  	Connecticut
	 500560
	  	MORTON’S	  	2000-0153	  	01-Feb-2000	  	153/2000	  	01-Feb-2000	  	Registered	  	Cuba
	 500530
	  	MORTON’S	  	O - 123588	  	01-Jul-1997	  	217034	  	23-Apr-1999	  	Registered	  	Czech Republic
	 500531
	  	MORTON’S	  	03296/1997	  	01-Jul-1997	  	03251/1997	  	25-Jul-1997	  	Registered	  	Denmark
	 500564
	  	MORTON’S	  	1809490	  	07-Aug-2000	  	001809490	  	03-Dec-2001	  	Registered	  	European Community
	 500512
	  	MORTON’S	  	 	  	 	  	T15951	  	10-Jun-1992	  	Registered	  	Florida
	 500532
	  	MORTON’S	  	97688549	  	23-Jul-1997	  	97688549	  	02-Jan-1998	  	Registered	  	France
	 500503
	  	MORTON’S	  	 	  	 	  	S7181	  	05-Nov-1986	  	Registered	  	Georgia
	 500565
	  	MORTON’S	  	 	  	31-Aug-2000	  	30063571	  	11-Nov-2000	  	Registered	  	Germany
	 500547
	  	MORTON’S	  	2168-98	  	23-Mar-1998	  	112237	  	10-Aug-2001	  	Registered	  	Guatemala
	 500562
	  	MORTON’S	  	10148/2000	  	10-May-2000	  	14939/2000	  	13-Nov-2000	  	Registered	  	Hong Kong
	 500523
	  	MORTON’S	  	10843/1996	  	30-Aug-1996	  	199708337	  	19-Aug-1997	  	Registered	  	Hong Kong
	 500533
	  	MORTON’S	  	M9702465	  	08-Jul-1997	  	154186	  	01-Oct-1998	  	Registered	  	Hungary
	 500576
	  	MORTON’S	  	 	  	 	  	93521	  	04-Jan-2005	  	Registered	  	Illinois
	 500583
	  	MORTON’S	  	 	  	29-Jul-2005	  	 	  	 	  	Pending	  	India
	 500569
	  	MORTON’S	  	 	  	 	  	2002-0043	  	25-Jan-2002	  	Registered	  	Indiana
	 500524
	  	MORTON’S	  	97/8435	  	05-May-1997	  	412024	  	16-Mar-1998	  	Registered	  	Indonesia
	 500534
	  	MORTON’S	  	97/2441	  	30-Jun-1997	  	206178	  	30-Jun-1997	  	Registered	  	Ireland
	 500535
	  	MORTON’S	  	113412	  	04-Jul-1997	  	113412	  	04-Aug-1999	  	Registered	  	Israel
	 500536
	  	MORTON’S	  	RM97C00342	  	11-Jul-1997	  	783065	  	01-Jun-1999	  	Registered	  	Italy

  

			
	Monday, February 06, 2006	  	Page 2 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 500522
	  	MORTON’S	  	106539/94	  	20-Oct-1994	  	4019847	  	27-Jun-1997	  	Registered	  	Japan
	 500568
	  	MORTON’S	  	 	  	 	  	14375	  	06-Mar-2002	  	Registered	  	Kentucky
	 500557
	  	MORTON’S	  	10532/1998	  	15-Dec-1998	  	57009	  	11-Oct-1999	  	Registered	  	Korea, Republic of
	 500580
	  	MORTON’S	  	10299/2005	  	04-May-2005	  	 	  	 	  	Pending	  	Korea, Republic of
	 500578
	  	MORTON’S	  	 	  	15-Dec-2004	  	58-519	  	15-Dec-2004	  	Registered	  	Louisiana
	 500550
	  	MORTON’S	  	N/002966	  	26-Dec-1997	  	N/2966	  	05-Aug-1998	  	Registered	  	Macao
	 500553
	  	MORTON’S	  	98/04534	  	10-Apr-1998	  	98004534	  	10-Apr-1998	  	Registered	  	Malaysia
	 500549
	  	MORTON’S	  	 	  	 	  	1998/00428	  	17-Mar-1998	  	Registered	  	Maryland
	 500505
	  	MORTON’S	  	 	  	 	  	41132	  	08-Mar-1988	  	Registered	  	Massachusetts
	 500575
	  	MORTON’S	  	677485	  	17-Sep-2004	  	886001	  	16-Jun-2005	  	Registered	  	Mexico
	 500515
	  	MORTON’S	  	 	  	 	  	MO9-082	  	15-Dec-1993	  	Registered	  	Michigan
	 500508
	  	MORTON’S	  	 	  	 	  	17187	  	17-Jan-1991	  	Registered	  	Minnesota
	 500518
	  	MORTON’S	  	 	  	 	  	12644	  	19-Jan-1994	  	Registered	  	Missouri
	 500514
	  	MORTON’S	  	 	  	 	  	VOL26P42	  	05-Mar-1993	  	Registered	  	Nevada
	 500573
	  	MORTON’S	  	21365	  	16-May-2003	  	21365	  	16-May-2003	  	Registered	  	New Jersey
	 500520
	  	MORTON’S	  	 	  	 	  	T11180	  	01-Sep-1994	  	Registered	  	North Carolina
	 500537
	  	MORTON’S	  	97.5317	  	02-Jul-1997	  	190582	  	04-Jun-1998	  	Registered	  	Norway
	 500590
	  	MORTON’S	  	200508050	  	31-Aug-2005	  	 	  	 	  	Pending	  	Norway
	 500577
	  	MORTON’S	  	 	  	 	  	1507929	  	15-Dec-2004	  	Registered	  	Ohio
	 500570
	  	MORTON’S	  	S-35642	  	30-Jan-2002	  	35642	  	30-Jan-2002	  	Registered	  	Oregon
	 500551
	  	MORTON’S	  	92834	  	05-Mar-1998	  	92834	  	17-Aug-1999	  	Registered	  	Panama

  

			
	Monday, February 06, 2006	  	Page 3 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	Status

	  	 CountryName

	 500501
	  	 MORTON’S
	  	 	  	 	  	891719	  	28-Oct-1985	  	Registered	  	Pennsylvania
	 500584
	  	 MORTON’S
	  	255170	  	21-Sep-2005	  	 	  	 	  	Published	  	Peru
	 500586
	  	 MORTON’S
	  	4-2005-00741	  	03-Aug-2005	  	 	  	 	  	Pending	  	Philippines
	 500538
	  	 MORTON’S
	  	Z-175732	  	10-Jul-1997	  	122396	  	18-Jul-2000	  	Registered	  	Poland
	 500539
	  	 MORTON’S
	  	324789	  	03-Jul-1997	  	324789	  	02-Feb-1998	  	Registered	  	Portugal
	 500559
	  	 MORTON’S
	  	47958	  	17-Aug-1999	  	47958	  	13-Jun-2001	  	Registered	  	Puerto Rico
	 500554
	  	 MORTON’S
	  	48125	  	28-Jan-1998	  	34546	  	28-Jan-1998	  	Registered	  	Romania
	 500579
	  	 MORTON’S
	  	M2005005297	  	04-May-2005	  	 	  	 	  	Pending	  	Romania
	 500555
	  	 MORTON’S
	  	98703553	  	03-Mar-1998	  	201691	  	27-Apr-2001	  	Registered	  	Russian Federation
	 500591
	  	 MORTON’S
	  	2005720990	  	22-Aug-2005	  	 	  	 	  	Pending	  	Russian Federation
	 500587
	  	 MORTON’S
	  	98958	  	02-Aug-2005	  	 	  	 	  	In Process	  	Saudi Arabia
	 500588
	  	 MORTON’S
	  	T05/12377F	  	18-Jul-2005	  	T05/12377F	  	18-Jul-2005	  	Registered	  	Singapore
	 500589
	  	 MORTON’S
	  	2005/15584	  	28-Jul-2005	  	 	  	 	  	Pending	  	South Africa
	 500540
	  	 MORTON’S
	  	2102709	  	04-Jul-1997	  	2102709	  	22-Dec-1997	  	Registered	  	Spain
	 500541
	  	 MORTON’S
	  	97-06733	  	23-Jul-1997	  	340887	  	06-Oct-2000	  	Registered	  	Sweden
	 500542
	  	 MORTON’S
	  	05294/1997	  	02-Jul-1997	  	447876	  	23-Dec-1997	  	Registered	  	Switzerland
	 500581
	  	 MORTON’S
	  	534909	  	06-May-2005	  	534909	  	06-May-2005	  	Registered	  	Switzerland
	 500526
	  	 MORTON’S
	  	86005307	  	01-May-1998	  	99920	  	01-Jun-1998	  	Registered	  	Taiwan
	 500516
	  	 MORTON’S
	  	 	  	 	  	none	  	17-May-2003	  	Registered	  	Tennessee
	 500504
	  	 MORTON’S
	  	 	  	 	  	53892	  	21-Sep-1994	  	Registered	  	Texas
	 500527
	  	 MORTON’S
	  	335262	  	30-May-1997	  	6933	  	26-Oct-1998	  	Registered	  	Thailand

  

			
	Monday, February 06, 2006	  	Page 4 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 500543
	  	 MORTON’S
	  	97/009629	  	07-Jul-1997	  	186429	  	07-Jul-1997	  	Registered	  	Turkey
	 500592
	  	 MORTON’S
	  	2005/45604	  	20-Oct-2005	  	 	  	 	  	Pending	  	Turkey
	 500556
	  	 MORTON’S
	  	5571-98	  	30-Mar-1998	  	S009803	  	20-Apr-1999	  	Registered	  	Venezuela
	 500548
	  	 MORTON’S
	  	37389	  	19-Feb-1998	  	30872	  	13-May-1999	  	Registered	  	Viet Nam
	 500582
	  	 MORTON’S
	  	4-2005-05057	  	04-May-2005	  	 	  	 	  	Pending	  	Viet Nam
	 500513
	  	 MORTON’S
	  	 	  	 	  	A4412	  	14-Apr-1992	  	Registered	  	Virginia
	 500571
	  	 MORTON’S
	  	 	  	 	  	30327	  	25-Jan-2002	  	Registered	  	Washington
	 500509
	  	 MORTON’S
	  	 	  	 	  	none	  	14-Nov-1990	  	Registered	  	Wisconsin
	 502401
	  	 MORTON’S (in Chinese Characters)
	  	10149/2000	  	10-May-2000	  	14940/2000	  	13-Nov-2000	  	Registered	  	Hong Kong
	 500563
	  	 MORTON’S (KATAKANA)
	  	2000-051778	  	12-May-2000	  	4492956	  	19-Jul-2001	  	Registered	  	Japan
	 500326
	  	 MORTON’S AND DESIGN
	  	040826.16	  	26-Aug-2004	  	23120	  	26-Aug-2004	  	Registered	  	Aruba
	 500321
	  	 MORTON’S AND DESIGN
	  	1011195	  	14-Jul-2004	  	1011195	  	07-Mar-2005	  	Registered	  	Australia
	 500324
	  	 MORTON’S AND DESIGN
	  	 	  	06-Oct-2004	  	 	  	 	  	Pending	  	Bahamas
	 500336
	  	 MORTON’S AND DESIGN
	  	 	  	 	  	 	  	 	  	In Process	  	Belize
	 500325
	  	 MORTON’S AND DESIGN
	  	41326	  	25-Aug-2004	  	41326	  	28-Jun-2005	  	Registered	  	Bermuda
	 500332
	  	 MORTON’S AND DESIGN
	  	827061625	  	30-Dec-2004	  	 	  	 	  	Published	  	Brazil
	 500323
	  	 MORTON’S AND DESIGN
	  	1240770	  	15-Dec-2004	  	 	  	 	  	Published	  	Canada
	 500333
	  	 MORTON’S AND DESIGN
	  	655490	  	04-Aug-2004	  	712250	  	20-Dec-2004	  	Registered	  	Chile
	 500302
	  	 MORTON’S AND DESIGN
	  	4206246	  	05-Aug-2004	  	 	  	 	  	Pending	  	China (Peoples Republic)
	 500327
	  	 MORTON’S AND DESIGN
	  	694/2004	  	01-Nov-2004	  	 	  	 	  	Pending	  	Cuba
	 500319
	  	 MORTON’S AND DESIGN
	  	169688	  	22-Sep-2004	  	 	  	 	  	Pending	  	Egypt

  

			
	Monday, February 06, 2006	  	Page 5 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	Status

	  	 CountryName

	 500328
	  	 MORTON’S AND DESIGN
	  	3951291	  	20-Jul-2004	  	 	  	 	  	Pending	  	European Community
	 500337
	  	 MORTON’S AND DESIGN
	  	6221-2004	  	23-Aug-2004	  	 	  	 	  	Pending	  	Guatemala
	 500304
	  	 MORTON’S AND DESIGN
	  	300254899	  	23-Jul-2004	  	300254899	  	23-Jul-2004	  	Registered	  	Hong Kong
	 500340
	  	 MORTON’S AND DESIGN
	  	 	  	29-Jul-2005	  	 	  	 	  	Pending	  	India
	 500305
	  	 MORTON’S AND DESIGN
	  	J0004215342	  	29-Jul-2004	  	 	  	 	  	Published	  	Indonesia
	 500306
	  	 MORTON’S AND DESIGN
	  	173728	  	28-Jul-2004	  	173728	  	04-Aug-2005	  	Registered	  	Israel
	 500307
	  	 MORTON’S AND DESIGN
	  	2004-066798	  	20-Jul-2004	  	4841168	  	25-Feb-2005	  	Registered	  	Japan
	 500308
	  	 MORTON’S AND DESIGN
	  	41-2004-0016	  	23-Jul-2004	  	121936	  	06-Oct-2005	  	Registered	  	Korea, Republic of
	 500309
	  	 MORTON’S AND DESIGN
	  	66975	  	30-Oct-2004	  	55905	  	30-Oct-2004	  	Registered	  	Kuwait
	 500311
	  	 MORTON’S AND DESIGN
	  	N/14432	  	22-Jul-2004	  	N/14432	  	05-Nov-2004	  	Registered	  	Macao
	 500310
	  	 MORTON’S AND DESIGN
	  	2004/10537	  	23-Jul-2004	  	 	  	 	  	Pending	  	Malaysia
	 500334
	  	 MORTON’S AND DESIGN
	  	679556	  	29-Sep-2004	  	887117	  	21-Jun-2005	  	Registered	  	Mexico
	 500329
	  	 MORTON’S AND DESIGN
	  	200407189	  	20-Jul-2004	  	227686	  	12-Aug-2005	  	Registered	  	Norway
	 500335
	  	 MORTON’S AND DESIGN
	  	136615	  	05-Aug-2004	  	136615	  	05-Aug-2004	  	Registered	  	Panama
	 500341
	  	 MORTON’S AND DESIGN
	  	254892	  	19-Sep-2005	  	 	  	 	  	Published	  	Peru
	 500312
	  	 MORTON’S AND DESIGN
	  	4-2004-06820	  	30-Jul-2004	  	 	  	 	  	Pending	  	Philippines
	 500330
	  	 MORTON’S AND DESIGN
	  	M200406650	  	03-Aug-2004	  	63194	  	03-Aug-2004	  	Registered	  	Romania
	 500555
	  	 MORTON’S AND DESIGN
	  	98718729	  	27-Nov-1998	  	187804	  	24-Apr-2000	  	Registered	  	Russian Federation
	 500339
	  	 MORTON’S AND DESIGN
	  	2004716828	  	27-Jul-2004	  	 	  	 	  	Pending	  	Russian Federation
	 500313
	  	 MORTON’S AND DESIGN
	  	92104	  	14-Sep-2004	  	 	  	 	  	Published	  	Saudi Arabia
	 500314
	  	 MORTON’S AND DESIGN
	  	T04/11489G	  	14-Jul-2004	  	T04/11489G	  	14-Jul-2004	  	Registered	  	Singapore

  

			
	Monday, February 06, 2006	  	Page 6 of 14

															
	 Matter

	  	 Trademark

	 	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 500320
	  	MORTON’S AND DESIGN	 	2004/12309	  	21-Jul-2004	  	 	  	 	  	Pending	  	South Africa
	 500331
	  	MORTON’S AND DESIGN	 	54817/2004	  	19-Jul-2004	  	525053	  	19-Jul-2004	  	Registered	  	Switzerland
	 500315
	  	MORTON’S AND DESIGN	 	093033842	  	21-Jul-2004	  	1149813	  	16-Apr-2005	  	Registered	  	Taiwan
	 500301
	  	MORTON’S AND DESIGN	 	 	  	 	  	48323	  	11-Apr-1988	  	Registered	  	Texas
	 500316
	  	MORTON’S AND DESIGN	 	559899	  	23-Jul-2004	  	BOR26170	  	23-Jul-2004	  	Registered	  	Thailand
	 500317
	  	MORTON’S AND DESIGN	 	2004/23053	  	23-Jul-2004	  	2004/23053	  	23-Jul-2004	  	Registered	  	Turkey
	 500303
	  	MORTON’S AND DESIGN	 	64247	  	12-Oct-2004	  	55548	  	15-Oct-2005	  	Registered	  	United Arab Emirates
	 500030
	  	MORTON’S AND DESIGN	 	535785	  	06-May-1985	  	1505273	  	20-Sep-1988	  	Registered	  	United States of America
	 500338
	  	MORTON’S AND DESIGN	 	15582-2004	  	27-Sep-2004	  	 	  	 	  	Published	  	Venezuela
	 500318
	  	MORTON’S AND DESIGN	 	4-2004-07598	  	30-Jul-2004	  	67739	  	02-Nov-2005	  	Registered	  	Viet Nam
	 503400
	  	MORTON’S LEGENDARY HOT CHOCOLATE CAKE	 	78/762766	  	29-Nov-2005	  	 	  	 	  	Pending	  	United States of America
	 503300
	  	MORTON’S MORTINI	 	78/773889	  	15-Dec-2005	  	 	  	 	  	Pending	  	United States of America
	 500711
	  	MORTON’S OF CHICAGO	 	2187289	  	17-Nov-1998	  	 	  	 	  	Published	  	Argentina
	 500710
	  	MORTON’S OF CHICAGO	 	736529	  	12-Jun-1997	  	736529	  	02-Oct-1998	  	Registered	  	Australia
	 500709
	  	MORTON’S OF CHICAGO	 	AM411/97	  	29-Jan-1997	  	169443	  	28-Apr-1997	  	Registered	  	Austria
	 500712
	  	MORTON’S OF CHICAGO	 	896775	  	02-Jul-1997	  	618486	  	02-Jun-1998	  	Registered	  	Benelux
	 500727
	  	MORTON’S OF CHICAGO	 	820000230	  	05-Aug-1997	  	 	  	 	  	Pending	  	Brazil
	 500704
	  	MORTON’S OF CHICAGO	 	745564	  	20-Jan-1994	  	501751	  	02-Oct-1998	  	Registered	  	Canada
	 500728
	  	MORTON’S OF CHICAGO	 	383912	  	16-Jul-1997	  	504019	  	10-Feb-1998	  	Registered	  	Chile
	 500743
	  	MORTON’S OF CHICAGO	 	2000-0154	  	01-Feb-2000	  	155/2000	  	01-Feb-2000	  	Registered	  	Cuba
	 500713
	  	MORTON’S OF CHICAGO	 	O-123589	  	01-Jul-1997	  	217035	  	23-Apr-1999	  	Registered	  	Czech Republic

  

			
	Monday, February 06, 2006	  	Page 7 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 500714
	  	MORTON’S OF CHICAGO	  	03295/1997	  	01-Jul-1997	  	03250/1997	  	25-Jul-1997	  	Registered	  	Denmark
	 500744
	  	MORTON’S OF CHICAGO	  	1809441	  	07-Aug-2000	  	001809441	  	03-Dec-2001	  	Registered	  	European Community
	 500735
	  	MORTON’S OF CHICAGO	  	T199800345	  	29-Jan-1998	  	212459	  	31-Dec-1998	  	Registered	  	Finland
	 500715
	  	MORTON’S OF CHICAGO	  	97688548	  	23-Jul-1997	  	97688548	  	02-Jan-1998	  	Registered	  	France
	 500745
	  	MORTON’S OF CHICAGO	  	 	  	31-Aug-2000	  	30063570	  	11-Nov-2000	  	Registered	  	Germany
	 500703
	  	MORTON’S OF CHICAGO	  	M70324/42W	  	10-Jul-1991	  	2099094	  	23-Feb-1996	  	Registered	  	Germany
	 500731
	  	MORTON’S OF CHICAGO	  	2166-98	  	23-Mar-1998	  	112235	  	10-Aug-2001	  	Registered	  	Guatemala
	 500701
	  	MORTON’S OF CHICAGO	  	 	  	 	  	132225	  	07-Nov-1990	  	Registered	  	Hawaii
	 500742
	  	MORTON’S OF CHICAGO	  	12003/1999	  	02-Sep-1999	  	14653/2000	  	03-Nov-2000	  	Registered	  	Hong Kong
	 500707
	  	MORTON’S OF CHICAGO	  	12003/99	  	02-Sep-1999	  	14653/2000	  	03-Nov-2000	  	Registered	  	Hong Kong
	 500716
	  	MORTON’S OF CHICAGO	  	M9702464	  	08-Jul-1997	  	154185	  	01-Oct-1998	  	Registered	  	Hungary
	 500717
	  	MORTON’S OF CHICAGO	  	97/2442	  	30-Jun-1997	  	207631	  	30-Jun-1997	  	Registered	  	Ireland
	 500718
	  	MORTON’S OF CHICAGO	  	113413	  	04-Jul-1997	  	113413	  	04-Aug-1999	  	Registered	  	Israel
	 500719
	  	MORTON’S OF CHICAGO	  	RM97C00342	  	11-Jul-1997	  	783066	  	01-Jun-1999	  	Registered	  	Italy
	 500702
	  	MORTON’S OF CHICAGO	  	106538/94	  	20-Oct-1994	  	4019846	  	27-Jun-1997	  	Registered	  	Japan
	 500741
	  	MORTON’S OF CHICAGO	  	10533/1998	  	15-Dec-1998	  	57008	  	11-Oct-1999	  	Registered	  	Korea, Republic of
	 500733
	  	MORTON’S OF CHICAGO	  	N/002967	  	26-Dec-1997	  	N/2967	  	05-Jan-1999	  	Registered	  	Macao
	 500832
	  	MORTON’S OF CHICAGO	  	98/04535	  	10-Apr-1998	  	98004535	  	10-Apr-1998	  	Registered	  	Malaysia
	 500747
	  	MORTON’S OF CHICAGO	  	499393	  	01-Aug-2001	  	903612	  	01-Aug-2001	  	Registered	  	Mexico
	 500720
	  	MORTON’S OF CHICAGO	  	97.5318	  	02-Jul-1997	  	190583	  	04-Jun-1998	  	Registered	  	Norway
	 500734
	  	MORTON’S OF CHICAGO	  	92833	  	05-Mar-1998	  	092833	  	17-Aug-1999	  	Registered	  	Panama

  

			
	Monday, February 06, 2006	  	Page 8 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 500729
	  	MORTON’S OF CHICAGO	  	123760	  	18-Aug-1997	  	4-1997-123760	  	15-Jan-2002	  	Registered	  	Philippines
	 500721
	  	MORTON’S OF CHICAGO	  	Z-175733	  	10-Jul-1997	  	122395	  	18-Jul-2000	  	Registered	  	Poland
	 500722
	  	MORTON’S OF CHICAGO	  	324790	  	03-Jul-1997	  	324790	  	02-Feb-1998	  	Registered	  	Portugal
	 500737
	  	MORTON’S OF CHICAGO	  	48124	  	28-Jan-1998	  	34545	  	28-Jan-1998	  	Registered	  	Romania
	 500738
	  	MORTON’S OF CHICAGO	  	98703554	  	03-Mar-1998	  	200662	  	23-Mar-2001	  	Registered	  	Russian Federation
	 500738
	  	MORTON’S OF CHICAGO	  	98718730	  	27-Nov-1998	  	193765	  	05-Sep-2000	  	Registered	  	Russian Federation
	 500708
	  	MORTON’S OF CHICAGO	  	S9724/96	  	12-Sep-1996	  	T96/09724B	  	12-Sep-1996	  	Registered	  	Singapore
	 500739
	  	MORTON’S OF CHICAGO	  	98/01161	  	29-Jan-1998	  	98/01161	  	11-Jul-2003	  	Registered	  	South Africa
	 500723
	  	MORTON’S OF CHICAGO	  	2102723	  	04-Jul-1997	  	2102723	  	22-Dec-1997	  	Registered	  	Spain
	 500724
	  	MORTON’S OF CHICAGO	  	97-06734	  	23-Jul-1997	  	340888	  	06-Oct-2000	  	Registered	  	Sweden
	 500725
	  	MORTON’S OF CHICAGO	  	05295/1997	  	02-Jul-1997	  	447877	  	23-Dec-1997	  	Registered	  	Switzerland
	 500726
	  	MORTON’S OF CHICAGO	  	97/009630	  	07-Jul-1997	  	184342	  	07-Jul-1997	  	Registered	  	Turkey
	 500070
	  	MORTON’S OF CHICAGO	  	74/011102	  	15-Dec-1989	  	1647093	  	04-Jun-1991	  	Registered	  	United States of America
	 500740
	  	MORTON’S OF CHICAGO	  	5572-98	  	30-Mar-1998	  	S009804	  	20-Apr-1999	  	Registered	  	Venezuela
	 500732
	  	MORTON’S OF CHICAGO	  	37390	  	19-Feb-1998	  	31942	  	01-Sep-1999	  	Registered	  	Viet Nam
	 500746
	  	MORTON’S OF CHICAGO (Katakana)	  	2000-051777	  	12-May-2000	  	4492955	  	19-Jul-2001	  	Registered	  	Japan
	 500805
	  	MORTON’S OF CHICAGO AND DESIGN	  	733319	  	29-Apr-1997	  	733319	  	13-Jan-1998	  	Registered	  	Australia
	 500802
	  	MORTON’S OF CHICAGO AND DESIGN	  	AM409/97	  	29-Jan-1997	  	169441	  	28-Apr-1997	  	Registered	  	Austria
	 500807
	  	MORTON’S OF CHICAGO AND DESIGN	  	896776	  	02-Jul-1997	  	618487	  	02-Jun-1998	  	Registered	  	Benelux
	 500823
	  	MORTON’S OF CHICAGO AND DESIGN	  	820000299	  	05-Aug-1997	  	 	  	 	  	Pending	  	Brazil
	 500801
	  	MORTON’S OF CHICAGO AND DESIGN	  	745578	  	20-Jan-1994	  	501752	  	02-Oct-1998	  	Registered	  	Canada

  

			
	Monday, February 06, 2006	  	Page 9 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 500824
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	383913	  	16-Jul-1997	  	504020	  	10-Feb-1998	  	Registered	  	Chile
	 500839
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	2000-0155	  	01-Feb-2000	  	154/2000	  	31-Mar-2003	  	Registered	  	Cuba
	 500808
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	O-123590	  	01-Jul-1997	  	217036	  	23-Apr-1999	  	Registered	  	Czech Republic
	 500809
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	03294/1997	  	01-Jul-1997	  	03294/1997	  	25-Jul-1997	  	Registered	  	Denmark
	 500840
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	1809458	  	07-Aug-2000	  	1809458	  	21-Nov-2001	  	Registered	  	European Community
	 500831
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	T199800346	  	29-Jan-1998	  	212460	  	31-Dec-1998	  	Registered	  	Finland
	 500810
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	97688547	  	23-Jul-1997	  	97688547	  	02-Jan-1998	  	Registered	  	France
	 500841
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	 	  	 	  	30078944.0	  	31-Jan-2001	  	Registered	  	Germany
	 500827
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	2170-98	  	23-Mar-1998	  	111135	  	19-Jun-2001	  	Registered	  	Guatemala
	 500811
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	M9702463	  	08-Jul-1997	  	154190	  	01-Oct-1998	  	Registered	  	Hungary
	 500812
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	97/2443	  	30-Jun-1997	  	207632	  	30-Jun-1997	  	Registered	  	Ireland
	 500813
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	113414	  	04-Jul-1997	  	113414	  	04-Aug-1999	  	Registered	  	Israel
	 500814
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	RM97C00342	  	11-Jul-1997	  	783067	  	01-Jun-1999	  	Registered	  	Italy
	 500843
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	2004-066797	  	20-Jul-2004	  	4841167	  	25-Feb-2005	  	Registered	  	Japan
	 500837
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	10534/1998	  	15-Dec-1998	  	57007	  	11-Oct-1999	  	Registered	  	Korea, Republic of
	 500829
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	N/002968	  	26-Dec-1997	  	N/2968	  	05-Jan-1999	  	Registered	  	Macao
	 500832
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	98/04536	  	10-Apr-1998	  	 	  	 	  	Pending	  	Malaysia
	 500842
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	499392	  	01-Aug-2001	  	788334	  	28-Apr-2003	  	Registered	  	Mexico
	 500519
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	 	  	 	  	S13912	  	27-Jan-1994	  	Registered	  	New York
	 500815
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	97.5319	  	02-Jul-1997	  	190584	  	04-Jun-1998	  	Registered	  	Norway
	 500830
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	92831	  	05-Mar-1998	  	98831	  	05-Mar-1998	  	Registered	  	Panama

  

			
	Monday, February 06, 2006	  	Page 10 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 500825
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	4-97-123759	  	18-Aug-1997	  	4-97-123759	  	28-Sep-2003	  	Registered	  	Philippines
	 500816
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	Z-175734	  	10-Jul-1997	  	122394	  	18-Jul-2000	  	Registered	  	Poland
	 500817
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	324791	  	03-Jul-1997	  	324791	  	02-Feb-1998	  	Registered	  	Portugal
	 500833
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	48126	  	28-Jan-1998	  	34828	  	28-Jan-1998	  	Registered	  	Romania
	 500834
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	98703562	  	03-Mar-1998	  	189225	  	31-May-2000	  	Registered	  	Russian Federation
	 500835
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	98/01162	  	29-Jan-1998	  	98/01162	  	11-Jul-2003	  	Registered	  	South Africa
	 500818
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	2102724	  	04-Jul-1997	  	2102724	  	22-Dec-1997	  	Registered	  	Spain
	 500819
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	97-06735	  	23-Jul-1997	  	340889	  	06-Oct-2000	  	Registered	  	Sweden
	 500820
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	05296/1997	  	02-Jul-1997	  	447938	  	26-Jan-1998	  	Registered	  	Switzerland
	 500803
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	86005308	  	30-Jan-1997	  	101288	  	01-Jul-1998	  	Registered	  	Taiwan
	 500804
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	335261	  	30-May-1997	  	6865	  	13-Oct-1998	  	Registered	  	Thailand
	 500821
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	97/009631	  	07-Jul-1997	  	184388	  	07-Jul-1997	  	Registered	  	Turkey
	 500822
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	2137558	  	01-Jul-1997	  	2137558	  	23-Jan-1998	  	Registered	  	United Kingdom
	 500800
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	74/014514	  	27-Dec-1989	  	1647095	  	04-Jun-1991	  	Registered	  	United States of America
	 500836
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	5573-98	  	30-Mar-1998	  	S012753	  	02-Jun-2000	  	Registered	  	Venezuela
	 500828
	  	 MORTON’S OF CHICAGO AND DESIGN
	  	37391	  	19-Feb-1998	  	31943	  	01-Sep-1999	  	Registered	  	Viet Nam
	 500838
	  	 MORTON’S OF CHICAGO DESIGN
	  	12004/1999	  	02-Sep-1999	  	13550/2000	  	12-Oct-2000	  	Registered	  	Hong Kong
	 501000
	  	 MORTON’S OF CHICAGO THE STEAK HOUSE AND DESIGN
	  	084905	  	06-Aug-1990	  	1738748	  	08-Dec-1992	  	Registered	  	United States of America
	 503201
	  	 MORTON’S OF CHICAGO, INC.
	  	 	  	 	  	 	  	 	  	In Process	  	Panama
	 500903
	  	 MORTON’S STEAKHOUSE
	  	745562	  	20-Jan-1994	  	502124	  	09-Oct-1998	  	Registered	  	Canada
	 500901
	  	 MORTON’S STEAKHOUSE
	  	 	  	 	  	132226	  	06-Nov-1990	  	Registered	  	Hawaii

  

			
	Monday, February 06, 2006	  	Page 11 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 502739
	  	 MORTON’S THE STEAKHOUSE
	  	2552422	  	03-Nov-2004	  	 	  	 	  	Published	  	Argentina
	 502725
	  	 MORTON’S THE STEAKHOUSE
	  	040826.14	  	26-Aug-2004	  	23119	  	26-Aug-2004	  	Registered	  	Aruba
	 502720
	  	 MORTON’S THE STEAKHOUSE
	  	1011194	  	14-Jul-2004	  	1011194	  	07-Mar-2005	  	Registered	  	Australia
	 502723
	  	 MORTON’S THE STEAKHOUSE
	  	 	  	06-Oct-2004	  	 	  	 	  	Pending	  	Bahamas
	 502735
	  	 MORTON’S THE STEAKHOUSE
	  	 	  	 	  	 	  	 	  	In Process	  	Belize
	 502724
	  	 MORTON’S THE STEAKHOUSE
	  	41327	  	25-Aug-2004	  	41327	  	28-Jun-2005	  	Registered	  	Bermuda
	 502732
	  	 MORTON’S THE STEAKHOUSE
	  	827045280	  	30-Dec-2004	  	 	  	 	  	Published	  	Brazil
	 502722
	  	 MORTON’S THE STEAKHOUSE
	  	1240771	  	15-Dec-2004	  	 	  	 	  	Published	  	Canada
	 502731
	  	 MORTON’S THE STEAKHOUSE
	  	655491	  	04-Aug-2004	  	 	  	 	  	Pending	  	Chile
	 502701
	  	 MORTON’S THE STEAKHOUSE
	  	4206247	  	05-Aug-2004	  	 	  	 	  	Pending	  	China (Peoples Republic)
	 502726
	  	 MORTON’S THE STEAKHOUSE
	  	695/2004	  	01-Nov-2004	  	 	  	 	  	Pending	  	Cuba
	 502718
	  	 MORTON’S THE STEAKHOUSE
	  	169689	  	22-Sep-2004	  	 	  	 	  	Pending	  	Egypt
	 502727
	  	 MORTON’S THE STEAKHOUSE
	  	3937885	  	19-Jul-2004	  	 	  	 	  	Published	  	European Community
	 502736
	  	 MORTON’S THE STEAKHOUSE
	  	6220-2004	  	23-Aug-2004	  	135741	  	17-May-2005	  	Registered	  	Guatemala
	 502703
	  	 MORTON’S THE STEAKHOUSE
	  	300254880	  	23-Jul-2004	  	300254880	  	23-Jul-2004	  	Registered	  	Hong Kong
	 502740
	  	 MORTON’S THE STEAKHOUSE
	  	 	  	29-Jul-2005	  	 	  	 	  	Pending	  	India
	 502704
	  	 MORTON’S THE STEAKHOUSE
	  	J0004215352	  	29-Jul-2004	  	 	  	 	  	Published	  	Indonesia
	 502705
	  	 MORTON’S THE STEAKHOUSE
	  	173729	  	28-Jul-2004	  	173729	  	07-Nov-2005	  	Registered	  	Israel
	 502706
	  	 MORTON’S THE STEAKHOUSE
	  	2004-066796	  	20-Jul-2004	  	4841166	  	25-Feb-2005	  	Registered	  	Japan
	 502707
	  	 MORTON’S THE STEAKHOUSE
	  	41-2004-0016	  	23-Jul-2004	  	121937	  	06-Oct-2005	  	Registered	  	Korea, Republic of
	 502708
	  	 MORTON’S THE STEAKHOUSE
	  	66976	  	30-Oct-2004	  	55906	  	30-Oct-2004	  	Registered	  	Kuwait

  

			
	Monday, February 06, 2006	  	Page 12 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 502710
	  	 MORTON’S THE STEAKHOUSE
	  	N/14433	  	22-Jul-2004	  	N/14433	  	05-Nov-2004	  	Registered	  	Macao
	 502709
	  	 MORTON’S THE STEAKHOUSE
	  	2004/10538	  	23-Jul-2004	  	 	  	 	  	Pending	  	Malaysia
	 502733
	  	 MORTON’S THE STEAKHOUSE
	  	679558	  	29-Sep-2004	  	855327	  	19-Oct-2004	  	Registered	  	Mexico
	 502728
	  	 MORTON’S THE STEAKHOUSE
	  	200407188	  	20-Jul-2004	  	227687	  	12-Aug-2005	  	Registered	  	Norway
	 502734
	  	 MORTON’S THE STEAKHOUSE
	  	137301	  	07-Sep-2004	  	137301	  	07-Sep-2004	  	Registered	  	Panama
	 502741
	  	 MORTON’S THE STEAKHOUSE
	  	255066	  	21-Sep-2005	  	 	  	 	  	Published	  	Peru
	 502711
	  	 MORTON’S THE STEAKHOUSE
	  	4-2004-06821	  	30-Jul-2004	  	 	  	 	  	Pending	  	Philippines
	 502729
	  	 MORTON’S THE STEAKHOUSE
	  	M200406651	  	03-Aug-2004	  	63437	  	03-Aug-2004	  	Registered	  	Romania
	 502738
	  	 MORTON’S THE STEAKHOUSE
	  	2004716827	  	27-Jul-2004	  	297557	  	02-Nov-2005	  	Registered	  	Russian Federation
	 502712
	  	 MORTON’S THE STEAKHOUSE
	  	92105	  	14-Sep-2004	  	 	  	 	  	Published	  	Saudi Arabia
	 502713
	  	 MORTON’S THE STEAKHOUSE
	  	T04/11491I	  	14-Jul-2004	  	T04/11491I	  	14-Jul-2004	  	Registered	  	Singapore
	 502719
	  	 MORTON’S THE STEAKHOUSE
	  	2004/12310	  	21-Jul-2004	  	 	  	 	  	Pending	  	South Africa
	 502730
	  	 MORTON’S THE STEAKHOUSE
	  	54815/2004	  	19-Jul-2004	  	525018	  	19-Jul-2004	  	Registered	  	Switzerland
	 502714
	  	 MORTON’S THE STEAKHOUSE
	  	093033844	  	21-Jul-2004	  	1155138	  	16-May-2005	  	Registered	  	Taiwan
	 502715
	  	 MORTON’S THE STEAKHOUSE
	  	559900	  	23-Jul-2004	  	BOR26510	  	23-Jul-2004	  	Registered	  	Thailand
	 502716
	  	 MORTON’S THE STEAKHOUSE
	  	2004/23054	  	23-Jul-2004	  	2004/23054	  	23-Jul-2004	  	Registered	  	Turkey
	 502702
	  	 MORTON’S THE STEAKHOUSE
	  	64248	  	12-Oct-2004	  	 	  	 	  	Pending	  	United Arab Emirates
	 502700
	  	 MORTON’S THE STEAKHOUSE
	  	76/524212	  	19-Jun-2003	  	2925648	  	08-Feb-2005	  	Registered	  	United States of America
	 502737
	  	 MORTON’S THE STEAKHOUSE
	  	15883/2004	  	27-Sep-2004	  	 	  	 	  	Published	  	Venezuela
	 502717
	  	 MORTON’S THE STEAKHOUSE
	  	4-2004-07597	  	30-Jul-2004	  	67484	  	21-Oct-2005	  	Registered	  	Viet Nam
	 502601
	  	 SAVOR THE GOOD LIFE
	  	1192298	  	01-Oct-2003	  	 	  	 	  	Pending	  	Canada

  

			
	Monday, February 06, 2006	  	Page 13 of 14

															
	 Matter

	  	 Trademark

	  	AppNumber

	  	FilDate

	  	RegNumber

	  	RegDate

	  	 Status

	  	 CountryName

	 502600
	  	 SAVOR THE GOOD LIFE
	  	76/511374	  	02-May-2003	  	 	  	 	  	Published	  	United States of America
	 503100
	  	 THE BEST STEAK ANYWHERE
	  	76/628235	  	18-Jan-2005	  	 	  	 	  	Pending	  	United States of America
	 500230
	  	 THE LEGEND. THE STEAKHOUSE
	  	75/506128	  	23-Jun-1998	  	2318090	  	15-Feb-2000	  	Registered	  	United States of America
	 502501
	  	 THE REWARD
	  	883798	  	26-Jul-2001	  	883798	  	19-Aug-2002	  	Registered	  	Australia
	 502502
	  	 THE REWARD
	  	2001/12904	  	07-Mar-2001	  	5411/2002	  	07-Mar-2001	  	Registered	  	Hong Kong
	 502503
	  	 THE REWARD
	  	T01/11455A	  	07-Mar-2001	  	T01/11455A	  	07-Mar-2001	  	Registered	  	Singapore
	 502500
	  	 THE REWARD
	  	76/220250	  	07-Mar-2001	  	2589856	  	02-Jul-2002	  	Registered	  	United States of America
	 500210
	  	 TWO DECADES OF EXCEPTIONAL TASTE
	  	75/457793	  	27-Mar-1998	  	2365076	  	04-Jul-2000	  	Registered	  	United States of America

  

			
	Monday, February 06, 2006	  	Page 14 of 14

 Schedule 3.19(a) 
  
 LOCATION OF REAL PROPERTY 
  

			
	 Morton’s Restaurant Group, Inc. –
	  	3333 New Hyde Park Rd.
	 	  	 New Hyde Park, NY 11042

	 	  	 Landlord – X-CELL REALTY ASSOCIATES, LLC

		
	 Morton’s of Chicago, Inc.:
	  	325 N. LaSalle St., Ste 500, Chicago, Ill. 69610
	 	  	 Landlord: Friedman Properties, Ltd

	 	  	 325 N. LsSalle St., Ste. 600, Chicago, IL 69610

  
 The list below provides the address of
each restaurant location, which is where the inventory, equipment, and real property is located. 
  

							
	 Credit Party

	  	 Address of Restaurant

	  	 Owned/
 Leased

	  	 Name and Address of Owner

				
	Morton’s of Chicago/Atlanta, Inc.	  	 SunTrust Plaza Bldg.
 303 Peachtree Center
 Ave.
 Atlanta, GA 30308
	  	 Leased
	  	 Suntrust Plaza Assoc. LLC
 c/o Peachtree 400 Assoc
Ltd.
 Attn: Beverly Mayfield
 303 Peachtree St. NE
 Suite LL-120
 Atlanta, GA 30308

				
	Morton’s of Chicago/Buckhead, Inc.	  	 Peachtree Lenox Bldg.
 3379 Peachtree Rd. N.E.

Atlanta, GA 30326
	  	 Leased
	  	 Peachtree Lenox Owner LLC
 c/o The Hayman
Company
 PO Box 532755
 Atlanta, GA 30353

				
	Morton’s of Chicago/Chicago, Inc.	  	 1050 N. State St.
 Chicago, IL 60610
	  	 Leased
	  	 American National Bank
 and Trust Company,
Inc.
 c/o The Habitat Company
 350 West Hubbard St.
 Suite 500
 Chicago, Il 60610

				
	 Morton’s of Chicago, Inc.
 Food
storage
	  	 3737 S. Halsted
 Chicago, IL 60609
	  	 Leased
	  	 Allen Brothers Inc.
 3737 S. Halsted
 Chicago, IL 60609

				
	 Morton’s of Chicago, Inc.
 Food
storage
	  	 340 N. Oakley Blvd
 Chicago, IL 60612
	  	 Leased
	  	 Stockyards Packing
 340 N. Oakley Blvd
 Chicago, IL 60612

				
	Morton’s of Chicago/Cincinnati, Inc.	  	 Tower Place
 28 W. Fourth Street Cincinnati, OH
45202
	  	 Leased
	  	 Tower Place Retail LLC 121 West Trade St.
 Suite
1900
 Charlotte, NC 28202

							
	Morton’s of Chicago/Clayton, Inc.	  	 7822 Bonhomme Ave.
 Clayton, MO 63105
	  	Leased	  	 Love Management Company
 Attn: Brenda Moore
 212 South Central
 Suite 100
 St. Louis, MO 63105

				
	Morton’s of Chicago/Cleveland, Inc.	  	 The Avenue at Tower
 City Center
 1600 W. Second Street
 Cleveland, Ohio 44113
	  	Leased	  	 Tower City Skylight Tower, Inc.
 10800 Brookpark
Rd.
 Cleveland, OH 44130

				
	Morton’s of Chicago/Columbus Inc.	  	 280 Plaza
 280 North High Street
 Columbus, OH 43215
	  	Leased	  	 Nationwide Insurance
 Box L2397
 Columbus, OH 43260

				
	Morton’s of Chicago/Dallas, Inc.	  	 501 Elm Street
 Dallas, TX 75202
	  	Leased	  	 501 Elm Place Partners Ltd.
 3321 Tower Dr.
 Suite 113
 Dallas, TX 75234

				
	Morton’s of Chicago/Denver, Inc.	  	 1710 Wynkoop St.
 Denver, CO 80202
	  	Leased	  	 Historic Street Car Stables, Ltd.
 1624 Market
St.
 Suite 306
 Denver, CO 80202

				
	Morton’s of Chicago/Detroit, Inc.	  	 One Towne Square
 Southfield, MI 48076
	  	Leased	  	 Allied Phase One Venture LLC
 Dept # 212201
 PO Box 67000
 Detroit, MI 48267

				
	Morton’s of Chicago/Fifth Avenue, Inc.	  	 New York, NY
 551 5th Ave
 New York, NY 10017
	  	Leased	  	 FGP 90 West St., Inc.
 c/o Jeffrey Management
Group
 7 Penn Plaza, Suite 618
 New York, NY
10001

				
	Morton’s of Chicago/Flamingo Road Corp.	  	 400 East Flamingo Road
 Las Vegas, NV
89109
	  	Leased	  	 Vegas Paradise, LLC
 9295 Chesapeak Drive
 Suite D
 San Diego, CA 92123

				
	Morton’s of Chicago/Houston, Inc.	  	 Centre at Post Oak
 5000 Westheimer
 Houston, Texas 77056
	  	Leased	  	 Weingarten Realty Investors
 Attn: Kristie
Parker
 P.O. Box 924133
 Houston, TX 77299

				
	Morton’s of Chicago/Minneapolis, Inc.	  	 555 Nicollet Mall
 Minneapolis, MN 55402
	  	Leased	  	 Brookfield DB, Inc.
 c/o Ernest W. Hahn d/b/a The Hahn
Company
 4350 La Jolla Village Dr.
 Suite 700
 San Diego, CA 92122

				
	Morton’s of Chicago/Nashville, Inc.	  	 618 Church St.
 Nashville, TN 37219
	  	Leased	  	 Michael D. Shmerling & Co., LLC
 1900 Church
St.
 Suite 400
 Nashville, TN 37203

				
	Morton’s of Chicago/Palm Desert, Inc.	  	 74-880 Country Club
 Drive Palm Desert, CA
92260
	  	Leased	  	 S.J. Ray - Desert Springs Partners LP
 c/o Spinello
Property Management
 PO Box 16782
 Irvine, CA
92623

							
	Morton’s of Chicago/Philadelphia, Inc.	  	 1411 Walnut Street
 Philadelphia, PA
19102
	  	Leased	  	 Washington Square Partners LP
 1228 Spruce St.

Philadelphia, PA 19107

				
	Morton’s of Chicago/Phoenix, Inc.	  	 Shops at the Esplanade
 2501 E. Camelback Rd.

Phoenix, AZ 85016
	  	Leased	  	 Esplanade Office Ltd. Partnership
 c/o Clarion Partners
LLC
 335 Madison Ave.
 New York, NY 10017

				
	Morton’s of Chicago/Pittsburgh, Inc.	  	 CNG Tower
 625 Liberty Avenue
 Pittsburgh, PA 15222
	  	Leased	  	 Liberty Avenue Holdings
 36907 Treasury Center

Chicago, IL 60694

				
	Morton’s of Chicago/Portland, Inc.	  	 213 SW Clay Street
 Portland, OR 97201
	  	Leased	  	 KOIN Center Management
 222 SW Columbia St.
 Suite 201
 Portland, OR 97201

				
	Morton’s of Chicago/Puerto Rico, Inc.	  	 1 Calle San Geronimo
 Grounds
 San Juan, PR 00901
	  	Leased	  	 Caibe Hilton, San Juan
 Attn: Asli Turner
 PO Box 9021872
 San Juan, PR 00902

				
	Morton’s of Chicago/Rosemont, Inc.	  	 Columbia Centre III
 9525 W. Bryn Mawr Ave.
 Rosemont, IL 60018
	  	Leased	  	 Teachers Insurance and
 Annuity Assoc. of
America
 c/o Hamilton Partners Inc.
 9252 West Bryn
Mawr
 Rosemont, IL 60018

				
	Morton’s of Chicago/Sacramento, Inc.	  	 521 L St.
 Sacramento, CA 95814
	  	Leased	  	 Downtown Plaza LLC
 File # 55694
 Attn: Kathleen
 Los Angeles, CA 90074

				
	Morton’s of Chicago/San Antonio, Inc.	  	 849 E. Commerce Street
 San Antonio, TX
78205
	  	Leased	  	 New Rivercenter Mall LP
 PO Box 841258
 Dallas, TX 75284

				
	Morton’s of Chicago/San Diego, Inc.	  	 The Harbor Club
 285 J Street
 San Diego, CA 92101
	  	Leased	  	 One Harbor, LLC
 Attn: Charla
 12780 High Bluff Dr.
 Suite 100
 San Diego, CA 92130

				
	Morton’s of Chicago/San Francisco, Inc.	  	 400 Post St., Lower
 Level
 San Francisco, CA 94102
	  	Leased	  	 Jamestown 15 LP
 Attn: Margie
 Two Paces West
 Suite 1600
 2727 Paces Ferry Rd.
 Atlanta, GA 30339

				
	Morton’s of Chicago/Santa Ana, Inc.	  	 1641 W. Sunflower Ave.
 Santa Ana, CA
92704
	  	Leased	  	 South Coast Plaza Village
 Management Offices

Attn: Jennifer
 3333 Bristol St.
 South Coast Plaza, CA 92626

							
	Morton’s of Chicago/Scottsdale, Inc.	  	 15233 N. Kierland Blvd.
 Scottsdale, AZ
85254
	  	Owned	  	 
				
	Morton’s of Chicago/Seattle, Inc.	  	 1511 6th Avenue
 Seattle, WA 98101
	  	Leased	  	 FADCO, LLC
 Attn: Michael Nepadal
 3236 Stone Valley Road West
 Suite 230
 Alamo, CA 94507

				
	Morton’s of Chicago/Virginia, Inc.	  	 8075 Leesburg Pike
 Vienna, VA 22182
	  	Leased	  	 Fairfax Square Partners
 c/o Charles E. Smith

Commercial Realty
 2345 Crystal Drive
 Arlington, VA 22202

				
	Morton’s of Chicago/Washington D.C. Inc.	  	 3251 Prospect St, NW
 Washington, DC
20007
	  	Leased	  	 Georgetown Prospect Place
 Associates Limited
Partnership
 1433 Highwood Drive
 McLean, VA
22101

				
	Morton’s of Chicago/Washington Square, Inc.	  	 1050 Connecticut Ave.
 Washington, DC
20036
	  	Leased	  	 Washington Square Limited
 Partnership
 c/o Lerner Corporation
 Attn: David Roberts
 11501 Huff Court
 North Bethesda, MD 20895

				
	Morton’s of Chicago/Westbrook, Inc.	  	 One Westbrook
 Corporate Center
 22nd & Wolf Rds.
 Westchester, IL 60154
	  	Leased	  	 EOP Westbrook Corporate
 Center
 c/o Equity Office Properties
 One Westbrook Corp. Center
 Suite 120
 Westchester, IL 60154

				
	Porterhouse of Los Angeles, Inc.	  	 735 South Figueroa St.
 Los Angeles, CA
90017
	  	Leased	  	 Whtcp Realty LLC/Trizecahn
 725 South Figueroa
St.
 Suite 1850
 Attn: Katalin Antal
 Los Angeles, CA 90017

				
	Arnie Morton’s of Chicago/Burbank LLC	  	 3400 West Olive
 Avenue
 Burbank, CA 91505
	  	Leased	  	 Media Center Development LLC
 c/o M. David Paul
Development, LLC
 233 Wilshire Blvd. Suite 990
 Santa Monica, CA
90401

				
	Morton’s of Chicago/Baltimore, LLC	  	 300 South Charles St.
 Baltimore, MD
21201
	  	Leased	  	 Baltimore Harbor Center LP
 c/o Willard
Hackerman
 300 East Joppa Rd.
 Baltimore, MD
21286

				
	Morton’s of Chicago/Bethesda LLC	  	 Hyatt Regency Hotel
 7400 Wisconsin Avenue Bethesda, MD
20814
	  	Leased	  	 BMC Hotel LLC
 c/o The Meridian Group
 3 Bethesda Metro Center
 Suite 610
 Bethesda, MD 20814

	Morton’s of Chicago/Anaheim, LLC	  	 1855 South Harbor Blvd.
 Anaheim, CA
92802
	  	Leased	  	 Anaheim Hotel, LLC
 C/o Northwest Hospitality

Attn: Robert J. Suits
 6000 East Riverpark Lane
 Suite 205
 Boise, Idaho 83706

							
	Morton’s of Chicago/Atlantic City, LLC	  	 Caesars Atlantic City
 2100 Pacific Avenue
 Atlantic City, NJ 08401
	  	Leased	  	 Boardwalk Regency Corp. d/b/a
 Caesars Atlantic
City
 2100 Pacific Avenue
 Atlantic City, NJ
08401

				
	Morton’s of Chicago/Boca Raton, LLC	  	 5050 Town Center Circle
 Boca Raton, FL
33486
	  	Leased	  	 485 Properties LLC
 5100 Town Center Circle
 Suite 560
 Boca Raton, FL 33486

				
	Morton’s of Chicago/Coral Gables LLC	  	 2333 Ponce de Leon Blvd.
 Coral Gables, FL
33134
	  	Leased	  	 Crescent Colonnade, LLC
 2 Alhambra Plaza
 Suite 107
 Coral gables, FL 33134

				
	Morton’s of Chicago/Miami, LLC	  	 1200 Brickell Ave.
 Miami, FL 33131
	  	Leased	  	 IBEX 1200 Brickell Assoc.
 1200 Brickell Ave.

Suite 740
 Miami, FL 33131

				
	Morton’s of Chicago/North Miami Beach, LLC	  	 17399 Biscayne Blvd.
 N. Miami, FL 33160
	  	Owned	  	 
				
	Morton’s of Chicago/Orlando, LLC	  	 Dr. Phillips Market Place
 7600 Dr. Phillips
Blvd.
 Orlando, Florida 32819
	  	Leased	  	 Orlando Marketplace Ltd.
 C&J Management
Inc.
 2464 E. Michigan St.
 Orlando, Fl
32806

				
	Morton’s of Chicago/Palm Beach, LLC	  	 777 S. Flagler Dr.
 W. Palm Beach, FL
33401
	  	Leased	  	 Phillips Point LLC
 c/o Wachovia Bank, N.A.
 PO Box 60834
 Charlotte, NC 28260

				
	Morton’s of Chicago/Boston LLC	  	 One Exeter Plaza
 699 Boylston at Exeter
 Boston, MA 02116
	  	Leased	  	 Onexeter LLC
 One Exeter Plaza,
 Boston, MA 02116

				
	Morton’s of Chicago/Charlotte LLC	  	 227 W. Trade St.
 Charlotte, NC 28202
	  	Leased	  	 SRI Two Carillon LLC
 Bank of America, N.A.
 Lockbox # 72901
 PO Box 61000
 San Francisco, CA 94161

				
	Morton’s of Chicago/Crystal City LLC	  	 1631 Crystal Square Arcade
 Arlington, VA
22202
	  	Leased	  	 CESC Square LLC
 Attn: Tammy Craig
 c/o Charles E. Smith Real
 Estate Services
 2345 Crystal Drive
 Arlington, VA 22202

	Morton’s of Chicago/Denver Crescent Town Center, LLC	  	 Denver Crescent Town Center
 8480 E. Belleview Ave.
Greenwood Village, CO 80111
	  	Leased	  	 8480 E. Belleview LLC
 Horizon Banks, N.A.
 8400 E. Crescent Parkway,
 Suite 100
 Englewood, CO 80111

							
	Morton’s of Chicago/Fort Lauderdale, LLC	  	 Las Olas River House
 100 East Las Olas Blvd.

Fort Lauderdale, FL
 33301-2207
	  	Leased	  	 East Las Olas, Ltd
 200 East Las Olas Blvd.
 Suite 1660
 Fort Lauderdale, FL 33301

				
	Morton’s of Chicago/Great Neck LLC	  	 777 Northern Blvd.
 Great Neck, NY 11020
	  	Owned with Section of Leased Land	  	 Dorothy Biermann Trust
 C/o Dewitt &
Higgins
 26 Robinson Road
 Glen Cove, NY
11542

				
	Morton’s of Chicago/Hackensack LLC	  	 Riverside Square Mall
 One Riverside Square
 Hackensack, NJ 07601
	  	Leased	  	 Riverside Square Ltd.
 Partnership
 c/o The Mills Corporation
 One Riverside Square
 Hackensack, NJ 07601

				
	Morton’s of Chicago/Hartford LLC	  	 30 State House Square
 Hartford, CT 06103
	  	Leased	  	 State House Financial Assoc., LLC
 c/o Harbor
Group
 10 State House Square
 Hartford, CT
06103

				
	Morton’s of Chicago/Honolulu LLC	  	 Ala Moana Shopping Center
 1450 Ala Moana
Blvd.
 Honolulu, Hawaii 96814
	  	Leased	  	 GGP Ala Moana LLC
 Attn: General Manager
 1585 Kapiolani Blvd.
 Suite 800
 Honolulu, HI 96814

				
	 Morton’s of Chicago/Honolulu LLC
 Food
storage
	  	 285 Sand Island Access Road
 Honolulu, HI
96819
	  	Leased	  	 Y. Hata & Co., LTD
 285 Sand Island Access
Road
 Honolulu, HI 96819

				
	Morton’s of Chicago/Indianapolis LLC	  	41 E. Washington Ave. Indianapolis, IN 46204	  	Leased	  	 Echo II LLC
 Attn: Jeff Basch
 105850 N. Meridian St.
 Suite 101
 Indianapolis, IN 46290

				
	Morton’s of Chicago/Jacksonville LLC	  	1510 Riverplace Blvd. Jacksonville, FL 32207	  	Owned	  	 
				
	Morton’s of Chicago/Kansas City LLC	  	 2475 Grand Ave.
 Kansas City, MO 64108
	  	Leased	  	 Crown Center Redevelopment Corporation
 Attn: Missy M.
Larson
 2405 Grand Ave.
 Suite 200
 Kansas City, MO 64108

				
	Morton’s of Chicago/King of Prussia LLC	  	 The Pavilion at King of
 Prussia Mall
 500 Mall Blvd.
 King of Prussia, PA 19406
	  	Leased	  	 PS Court Associates, L.P.
 c/o Kravco/Simon
 234 Mall Boulevard
 P.O. Box 1528
 King of Prussia, PA 19406-1528

	Morton’s of Chicago/Louisville LLC	  	 626 West Main Street
 Louisville, KY
40202
	  	Leased	  	 Washington Investments, LLC
 PO Box 1080
 Attn: Pam Fife
 Louisville, KY 40210

							
	Morton’s of Chicago/New Orleans LLC	  	 One Canal Place
 365 Canal St.
 New Orleans, LA 70130
	  	Leased	  	 Aetna Life Insurance Company NO
 One Canal Place
LLC
 PO Box 54893
 New Orleans, LA 70154

				
	Morton’s of Chicago/Northbrook, LLC	  	 707 Skokie Blvd.
 Northbrook, IL 60062
	  	Leased	  	 MJH Northbrook LLC
 Jones LaSalle Americas
L.P.
 555 Skokie Blvd, Suite 475
 Northbrook, IL
60062

				
	Morton’s of Chicago/McKinney LLC	  	 1001 McKinney St.
 Houston, TX 77002
	  	Leased	  	 1001 McKinney Venture, L.P.
 c/c USAA Real Estate
Company
 9830 Colonnade Blvd.
 Suit 600
 San Antonio, TX 78230-2239

				
	Morton’s of Chicago/Reston LLC	  	 Reston Town Center
 One Freedom Square
 11956 Market Street
 Reston, VA 20190
	  	Leased	  	 One Freedom Square LLC
 c/o Boston Properties
Inc.
 401 9th Street N.W.
 Washington, DC
20004

				
	Morton’s of Chicago/Richmond LLC	  	 111 Virginia St.
 Richmond, VA 23219
	  	Leased	  	 The Turning Basin
 c/o CB Richard Ellis of VA,
Inc.
 7501 Boulders View Drive
 Suite 600
 Richmond, VA 23225

				
	Morton’s of Chicago/Schaumburg LLC	  	 1470 McConnor
 Parkway
 Schaumburg, IL 60173
	  	Owned	  	 
				
	Morton’s of Chicago/South Park, LLC	  	 4331 Barclay Downs Dr.
 Charlotte, NC
28209
	  	Leased	  	 SPM Developers, LLC
 c/o Simon Property Group,
Inc.
 National City Center
 115 West Washington St.
 Indianapolis, IN 46204

				
	Morton’s of Chicago/Stamford LLC	  	 UBS Warburg Building
 377 North State St.
 Stamford, CT 06901
	  	Leased	  	 SBC Warburg
 10 East 50th St.
 Swiss Bank Tower
 New York, NY 10022

				
	Morton’s of Chicago/Troy, LLC	  	 888 West Big Beaver Rd
 Suite 308
 Troy, MI 48084
	  	Leased	  	 888 West Big Beaver, LLC
 c/o REDICO Management,
Inc.
 One Towne Square, Suite 1600
 Southfield, MI
48076

				
	Morton’s of Chicago/Wacker Place, LLC	  	 65 East Wacker Place
 Chicago, IL 60601
	  	Leased	  	 La Salle National Trust
 Land Trust Department

135 S. LaSalle Street
 Chicago, IL 60603

				
	Morton’s of Chicago/White Plains LLC	  	 9 Maple Ave.
 White Plains, NY 10605
	  	Leased	  	 R Squared LLC
 Attn: Ted Habza
 555 Madison Ave.
 12th Floor
 New York, NY 10022

							
	Morton’s of Chicago Asia (Singapore) Pte. Ltd.	  	 Oriental Hotel
 Fourth Storey
 5 Raffles Avenue
 Marina Square,
 Singapore, 039797
	  	Leased	  	 Marina Bay Hotel PTE Ltd.
 5 Raffles Avenue
 Marina Square, Singapore,
 039797

				
	 Morton’s of Chicago (Singapore) Pte. Ltd.
 Food
Storage
	  	 Block 26 #01-212
 Pasir Panjang Wholesale
Centre
 Singapore 110026
	  	Leased	  	 Sea Bulk PTE LTD
 Block 26 #01-212
 Pasir Panjang Wholesale Centre
 Singapore 110026

				
	Morton’s of Chicago/Toronto, Inc.	  	 Park Hyatt Hotel
 4 Avenue Road at Prince
Arthur
 Toronto, Canada
 M5R2E8
	  	Leased	  	 Park Plaza Operating Inc.
 c/o Gencom American
Hospitality
 10777 Westheimer Ste 1000
 Houston, TX
77042

				
	Morton’s of Chicago/Vancouver, Inc.	  	 750 West Cordova Street
 Vancouver, BC, Canada

V6C 1A1
	  	Leased	  	 Public Works and Gov’t Services Pacific Region
 c/o
Her Majesty the Queen in Right of Canada
 641-800 Burrard St.
 Vancouver, BC V6Z2V8

				
	Bertolini’s of Circle Centre, Inc.	  	 Bertolini’s of Circle Centre
 49 W. Maryland
St.
 Indianapolis, IN 46204
	  	Leased	  	 Circle Center Development Company
 c/o M.S. Management
Assoc.
 Attn: Valerie
 One Merchants Plaza
 115 W. Washington
 Indianapolis, IN 46204

				
	Bertolini’s/King of Prussia, Inc.	  	 Bertolini's King of Prussia Mall
 160 N. Gulph
Rd.
 King of Prussia, PA 19406
	  	Leased	  	 Kravco Company
 Attn: Pam Kelly
 234 Mall Blvd PO Box 1528
 King of Prussia, PA 19406

				
	Bertolini’s of Las Vegas, Inc.	  	 Forum Shops at Caesars Palace
 3500 Las Vegas
Blvd.,
 Suite G-9
 Las Vegas, NV 89109
	  	Leased	  	 Forum Developers Ltd. Partnership
 c/o M.S. Management
Assoc.
 One Merchants Plaza
 PO Box 7033
 Indianapolis, IN 46207

				
	Bertolini’s at Village Square, Inc.	  	 West Las Vegas
 9500 W. Sahara Avenue
 Las Vegas, NV 89117
	  	Owned	  	 

 Schedule 3.19(b) 
  
 LOCATION OF COLLATERAL 
  

	1.)	See Schedule 3.19(a) for a list of each of the Credit Parties and their locations. 

  

	2.)	See Schedule 3.19(a) for the location of warehouse locations. 

 Schedule 3.19(c) 
  
 CHIEF EXECUTIVE OFFICES 
  

	1.)	The Chief Executive Office for the Borrower, the Parent, and each of their Subsidiaries is 325 N. LaSalle Street, Suite 500, Chicago, IL 60610. 

  

	2.)	See Schedule 3.12 for a list of each of the Credit Parties and their Subsidiaries state of incorporation or organization. 

 Schedule 3.21 
  
 LABOR MATTERS 
  
 NONE 

 Schedule 3.30 
  
 MATERIAL CONTRACTS 
  

					
	 Title

	  	         Dated        

	  	 Parties to Agreement

			
	 Commercial Lease relating to executive offices located at 325 N. LaSalle St.
 Ste 500, Chicago, Ill. 69610.
	  	Nov. 15, 2005	  	 Friedman Properties, Ltd.;
 Morton’s of Chicago,
Inc.

			
	Commercial Lease relating to offices located at 3333 New Hyde Park Road, Suite 210, New Hyde Park, New York 11042	  	Jan. 18, 1994	  	 X-Cell Realty Associates;
 Morton’s Restaurant
Group, Inc.

			
	Letter Agreement	  	Dec. 30, 2005	  	 Morton’s Restaurant Group, Inc.;
 Allen J.
Bernstein.

			
	Letter Agreement	  	Jan. 11, 2006	  	 Morton’s Restaurant Group, Inc.;
 James W.
Kirkpatrick.

			
	Third Amended and Restated Employment Agreement	  	Jan. 20, 2006	  	 Morton’s Restaurant Group, Inc.;
 Thomas J.
Baldwin.

			
	 Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing
 Accompanied by a Loan Agreement and Promissory Note.
	  	Mar. 27, 2001	  	 FFCA Acquisition Corporation
 (later acquired by GE
Capital
 Franchise Finance, the current Mortgagee);
 Morton’s of Chicago/Great Neck LLC.

			
	TIP Reporting Alternative Commitment	  	Mar. 27, 1996	  	 Department of the Treasury-Internal Revenue Service:
 Morton’s Restaurant Group, Inc.

 Schedule 4.1-1 
  
 [FORM OF] 
 SECRETARY’S CERTIFICATE 
  
 [Date] 

[CREDIT PARTY] 
  
 Pursuant to Section 4.1(b) of the Credit Agreement, dated as of February __, 2006 (as amended, restated, supplemented or otherwise modified, the
“Credit Agreement”; capitalized terms used herein and not defined shall have the meanings provided in the Credit Agreement), by and among Morton’s of Chicago, Inc., an Illinois corporation, the Guarantors from time to time
party thereto, the Lenders from time to time party thereto and Wachovia Bank, National Association, as Administrative Agent for the Lenders, the undersigned
                         of [CREDIT PARTY] (the “Company”) and in his capacity thereof, hereby certifies
as follows: 
  
 1. Attached hereto as Exhibit A is a true
and complete copy of the [articles of incorporation] [certificate of formation] [certificate of limited partnership] of the Company and all amendments thereto as in effect on the date hereof. 
  
 2. Attached hereto as Exhibit B is a true and complete copy of the
[bylaws] [operating agreement] [partnership agreement] of the Company and all amendments thereto as in effect on the date hereof. 
  
 3. Attached hereto as Exhibit C is a true and complete copy of resolutions duly adopted by the board of directors of the Company on
                            . Such resolutions have not in any way been rescinded or modified and have
been in full force and effect since their adoption to and including the date hereof and are now in full force and effect, and such resolutions are the only corporate proceedings of the Company now in force relating to or affecting the matters
referred to therein. 
  
 4. The following persons are duly elected
and qualified officers of the Company, holding the offices indicated next to the names below on the date hereof, and the signatures appearing opposite the names of the officers below are their true and genuine signatures, and each of such officers
is duly authorized to execute and deliver on behalf of the Company the Credit Agreement, the Notes and the other Credit Documents to be issued pursuant thereto: 
  

					
	 Name

	  	 Office

	  	 Signature

  
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, I hereunder subscribe my name effective as of the day and year first above written.

  

			
		
	 	 	 
	 Name:
	 	 
	 Title:
	 	 

  
 I,
                                        ,
the                                  of the Company, hereby certify that
                                     is the duly elected and
qualified                          of the Company and that his/her true and genuine signature is set forth above.

  

			
		
	 	 	 
	 Name:
	 	 
	 Title:
	 	 

 Schedule 4.1-2 
  
 [FORM OF] 
 SOLVENCY CERTIFICATE 
  
 [Date] 
  
 The undersigned chief financial officer of Morton’s of Chicago, Inc., an
Illinois corporation (the “Borrower”), is familiar with the properties, businesses, assets and liabilities of the Credit Parties and is duly authorized in his capacity as chief financial officer of the Borrower, to execute this
certificate on behalf of the Borrower. 
  
 Reference is made to
that Credit Agreement, dated as of February __, 2006 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), by and among the Borrower, the Guarantors from time to time party thereto, the Lenders from
time to time party thereto and Wachovia Bank, National Association, as Administrative Agent for the Lenders. All capitalized terms used herein and not defined shall have the meanings provided in the Credit Agreement. 
  
 The undersigned certifies that he has made such investigation and inquiries
as to the financial condition of the Credit Parties as the undersigned deems necessary and prudent for the purpose of providing this Certificate. The undersigned acknowledges that the Administrative Agent and the Lenders are relying on the truth and
accuracy of this Certificate in connection with the making of Loans and other Extensions of Credit under the Credit Agreement. 
  
 The undersigned in his capacity as chief financial officer of the Borrower, certifies that the financial information, projections and assumptions which
underlie and form the basis for the representations made in this Certificate were reasonable when made and were made in good faith, it being recognized that actual results may differ from the projected results by a material amount. 
  
 BASED ON THE FOREGOING, the undersigned in his capacity as chief financial
officer of the Borrower, certifies that, both before and after giving effect to the Loans and other Extensions of Credit made on the Closing Date: 
  
 A. None of the Credit Parties intends to, and does not believe that it will, incur debts or liabilities beyond its ability to pay as such
debts and liabilities mature in their ordinary course. 
  
 B. None of the Credit Parties is engaged in any business or transaction, or is about to engage in any business or transaction, for which the assets of such Credit Party would constitute unreasonably small capital after giving due
consideration to the prevailing practice in the industry in which such Credit Party is engaged or is to engage. 
  
 C. The present fair saleable value of the consolidated assets of the Credit Parties and their Subsidiaries, taken as a whole, measured on
a going concern basis, is not less than the amount that will be required to pay the probable liability on the debts of such Credit Parties and their Subsidiaries, on a consolidated basis, as they become absolute and matured. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, the undersigned has executed this Certificate as of the day and year first above
written in the undersigned’s capacity as the chief financial officer of the Borrower. 
  

			
	 MORTON’S OF CHICAGO, INC.,

	 an Illinois corporation

		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

 Schedule 5.2(b) 
  
 [FORM OF] 
 OFFICER’S COMPLIANCE CERTIFICATE 
  
 [Date]

  
 The undersigned, on behalf of Morton’s of Chicago, Inc.,
an Illinois corporation (the “Borrower”) and in his capacity as an officer thereof, ,hereby certifies to Wachovia Bank, National Association, as administrative agent (the “Administrative Agent”), and the Lenders
party to the Credit Agreement referred to below, as follows: 
  
 1. This Certificate is delivered to you pursuant to Section 5.2(b) of the Credit Agreement, dated as of February __, 2006 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), by and among
the Borrower, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and Wachovia Bank, National Association, as Administrative Agent for the Lenders. Capitalized terms used herein and not defined herein shall
have the meanings assigned thereto in the Credit Agreement. 
  
 2.
I have reviewed the financial statements of the Parent and its consolidated Subsidiaries dated as of
                                        
         and for the
                                        
period[s] then ended and such statements present fairly the financial position of the Parent and its consolidated Subsidiaries as of the dates indicated and the results of their operations and cash flows for the period[s] indicated in conformity
with GAAP applied on a consistent basis. 
  
 3. I have reviewed
the terms of the Credit Agreement and the related Credit Documents and have made, or caused to be made under my supervision, a review in reasonable detail of the transactions and the condition of the Parent and its consolidated Subsidiaries during
the accounting period covered by the financial statements referred to in Paragraph 2 above. Based on such review, each of the Credit Parties during such accounting period observed or performed in all material respects all of its covenants and other
agreements, and satisfied in all material respects every condition, contained in the Credit Agreement to be observed, performed or satisfied by it. Such review has not disclosed the existence during or at the end of such accounting period of any
condition or event that constitutes a Default or an Event of Default, nor do I have any knowledge of the existence of any such condition or event as at the date of this Certificate [except, if such condition or event existed or exists, describe
the nature and period of existence thereof and what action the Borrower has taken, is taking and proposes to take with respect thereto]. 
  
 4. The Applicable Percentages and calculations determining such percentages are set forth on the attached Schedule 1 and the Credit Parties and
their Subsidiaries are in compliance with the financial covenants contained in Section 5.9 of the Credit Agreement as shown on such Schedule 1 . 

 IN WITNESS WHEREOF, the undersigned in his capacity as an officer of the Borrower, has executed this
Officer’s Compliance Certificate on behalf of the Borrower on the day and year first above written. 
  

			
	 MORTON’S OF CHICAGO, INC.,

	 an Illinois corporation

		
	By:	 	 
	 Name:
	 	 
	 Title:
	 	 

 Schedule 1 
 to 
 Officer’s Compliance Certificate 
  
 Financial Covenant Calculation Worksheet 
  
 [to be completed by the Borrower] 

 Schedule 5.10 
  
 [FORM OF] 
 JOINDER AGREEMENT 
  
 THIS JOINDER AGREEMENT (this
“Agreement”), dated as of                     ,         , is by and among
                                    , a
                 (the “Subsidiary Guarantor”), Morton’s of Chicago, Inc., an Illinois corporation (the “Borrower”), and
Wachovia Bank, National Association, in its capacity as Administrative Agent under that certain Credit Agreement, dated as of February __, 2006 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), by
and among the Borrower, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and Wachovia Bank, National Association, as Administrative Agent for the Lenders. Capitalized terms used herein but not otherwise
defined shall have the meanings provided in the Credit Agreement. 
  
 The Subsidiary Guarantor is an Additional Credit Party, and, consequently, the Credit Parties are required by Section 5.10 of the Credit Agreement to cause the Subsidiary Guarantor to become a “Guarantor” thereunder.

  
 Accordingly, the Subsidiary Guarantor and the Borrower hereby
agree as follows with the Administrative Agent, for the benefit of the Lenders: 
  
 1. The Subsidiary Guarantor hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary Guarantor will be deemed to be a party to and a “Guarantor” under the Credit
Agreement and shall have all of the obligations of a Guarantor thereunder as if it had executed the Credit Agreement. The Subsidiary Guarantor hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and
conditions contained in the applicable Credit Documents, including without limitation (a) all of the representations and warranties set forth in Article III of the Credit Agreement and (b) all of the affirmative and negative covenants set
forth in Articles V and VI of the Credit Agreement. Without limiting the generality of the foregoing terms of this Paragraph 1, the Subsidiary Guarantor hereby guarantees, jointly and severally together with the other Guarantors, the prompt payment
of the “indebtedness” (including the Credit Party Obligations) as defined in, and in accordance with, Article X of the Credit Agreement. 
  
 2. The Subsidiary Guarantor hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary Guarantor will be deemed to
be a party to the Security Agreement, and shall have all the rights and obligations of an “Obligor” (as such term is defined in the Security Agreement) thereunder as if it had executed the Security Agreement. The Subsidiary
Guarantor hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Security Agreement. 
  
 3. The Subsidiary Guarantor hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the Subsidiary Guarantor will be deemed to
be a party to the Pledge Agreement, and shall have all the rights and obligations of a “Pledgor” thereunder as if it had executed the Pledge Agreement. The Subsidiary Guarantor hereby ratifies, as of the date hereof, and agrees to be bound
by, all the terms, provisions and conditions contained in the Pledge Agreement. 
  
 4. The Subsidiary Guarantor acknowledges and confirms that it has received a copy of the Credit Agreement and the schedules and exhibits thereto and each Security Document and the schedules and exhibits thereto. The
information on the schedules to the Credit Agreement and the Security Documents are hereby supplemented (to the extent permitted under the Credit Agreement or Security Documents) to reflect the information shown on the attached Schedule A.

  
 5. The Borrower confirms that the Credit Agreement is, and
upon the Subsidiary Guarantor becoming a Guarantor, shall continue to be, in full force and effect. The parties hereto confirm and agree that immediately upon the Subsidiary Guarantor becoming a Guarantor the term “Credit Party
Obligations,” as used in the Credit Agreement, shall include all obligations of the Subsidiary Guarantor under the Credit Agreement and under each other Credit Document. 

 6. Each of the Borrower and the Subsidiary Guarantor agrees that at any time and from time to time, upon
the written request of the Administrative Agent, it will execute and deliver such further documents and do such further acts as the Administrative Agent may reasonably request in accordance with the terms and conditions of the Credit Agreement in
order to effect the purposes of this Agreement. 
  
 7. This
Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute one contract. 
  
 8. This Agreement shall be governed by and shall be construed and enforced in accordance with, the laws of the State of New
York without regard to conflict of laws principles thereof (other than Sections 5-1401 and 5-1402 of The New York General Obligations Law). The terms of Sections 9.14 and 9.17 of the Credit Agreement are incorporated herein by reference, mutatis
mutandis, and the parties hereto agree to such terms. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 IN WITNESS WHEREOF, each of the Borrower and the Subsidiary Guarantor has caused this Joinder Agreement
to be duly executed by its authorized officer, and the Administrative Agent, for the benefit of the Lenders, has caused the same to be accepted by its authorized officer, as of the day and year first above written. 
  

									
	SUBSIDIARY GUARANTOR:	 	 	 	[SUBSIDIARY GUARANTOR]
					
	 	 	 	 	 	 	 By:   
	 	 
	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 Title:
	 	 
			
	 BORROWER:
	 	 	 	 MORTON’S OF CHICAGO, INC.,
 an Illinois corporation

					
	 	 	 	 	 	 	 By:   
	 	 
	 	 	 	 	 	 	 Name:
	 	 
	 	 	 	 	 	 	 Title:
	 	 
			
	 Acknowledged, accepted and agreed:
	 	 	 	 
			
	 WACHOVIA BANK, NATIONAL ASSOCIATION,
as Administrative Agent
	 	 	 	 
					
	 By:   
	 	 	 	 	 	 	 	 
	 Name:
	 	 	 	 	 	 	 	 
	 Title:
	 	 	 	 	 	 	 	 

 SCHEDULE A 
 to 
 Joinder Agreement 
  
 Schedules to Credit Agreement and Security Documents 

 Schedule 6.1 
  
 INDEBTEDNESS 
  

					
	 Title

	  	         Dated        

	  	 Parties to Agreement

			
	 Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing.
 Accompanied by a Loan Agreement and Promissory Note.
	  	Mar. 27, 2001	  	 FFCA Acquisition Corporation (later acquired by GE Capital Franchise Finance, the current Mortgagee);
 Morton’s of Chicago/Great Neck LLC.

			
	Outstanding Letters of Credit in the amount of $271,801.	  	Jun. 1, 2005	  	 Morton’s Restaurant Group, Inc.;
 Wells Fargo
Foothill, Inc.
 Expires on Jun. 1, 2006.

 Schedule 6.6 
  
 TRANSACTIONS WITH AFFILIATES 
  

None 
  
  

 Schedule 9.6(c) 
  
 [FORM OF] 
 COMMITMENT TRANSFER SUPPLEMENT 
  
 Reference is
made to the Credit Agreement, dated as of February     , 2006 (as amended, restated, supplemented or otherwise modified, the “Credit Agreement”), by and among the Borrower, the Guarantors from time to time
party thereto, the Lenders from time to time party thereto and Wachovia Bank, National Association, as Administrative Agent for the Lenders. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the
meanings provided in the Credit Agreement. 
  
                                  (the “Transferor
Lender”) and                                  (the “Purchasing
Lender”) agree as follows: 
  
 1. For an agreed
consideration, the Transferor Lender hereby irrevocably sells and assigns to the Purchasing Lender, and the Purchasing Lender hereby irrevocably purchases and assumes from the Transferor Lender, as of the Transfer Funding Date (as defined below),
(a) all of the Transferor Lender’s rights and obligations under the Credit Agreement with respect to those credit facilities contained in the Credit Agreement as set forth on Schedule 1, and all instruments delivered pursuant
thereto to the extent related to the principal amount and Commitment Percentage set forth on Schedule 1 attached hereto of all of such outstanding rights and obligations of the Transferor Lender under the respective facilities set forth
on Schedule 1 (including any letters of credit, guarantees, and swingline loans included in such facilities) and (b) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other
right of the Transferor Lender (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan
transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights
and obligations sold and assigned pursuant to clause (a) above (the rights and obligations sold and assigned pursuant to clauses (a) and (b) above being referred to herein collectively as, the “Assigned Interest”).
Such sale and assignment is without recourse to the Transferor Lender and, except as expressly provided in this Commitment Transfer Supplement, without representation or warranty by the Transferor Lender. 
  
 2. The Transferor Lender (a) represents and warrants that (i) it is
the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute
and deliver this Commitment Transfer Supplement and to consummate the transactions contemplated hereby; (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the
Credit Agreement or any other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Borrower,
any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Credit Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective
obligations under the Credit Documents; and (c) in the case of an assignment of the entire remaining amount of the Transferor Lender’s Commitments, attaches any Note(s) held by it evidencing the Assigned Interest and requests that the
Administrative Agent exchange the attached Note(s) for a new Note(s) payable to the Purchasing Lender. 
  
 3. The Purchasing Lender (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute
and deliver this Commitment Transfer Supplement and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) from and after the Effective Date (as defined below), it shall be bound by the
provisions of the Credit Documents as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder and (iii) it has received a copy of the Credit Agreement, together with copies of the
financial statements referred to in Section 3.1 thereof, the financial statements delivered pursuant to Section 5.1 thereof, if any, and such other documents and information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Commitment Transfer Supplement and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender;
(b) agrees that it will (i) independently and without reliance upon the Transferor Lender, the Administrative Agent or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make
its own credit decisions in taking or not taking action under the Credit Agreement, the other Credit Documents or any other instrument or document furnished pursuant hereto or thereto and (ii) perform in accordance with its terms all the
obligations which by the terms of the Credit Documents are required to be performed by it as a Lender including, if it is organized under the laws of a jurisdiction outside the United States, its obligations pursuant to Section 2.18 of 

 
the Credit Agreement; and (c) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers
and discretion under the Credit Agreement, the other Credit Documents or any other instrument or document furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms thereof, together with such powers as are
incidental thereto. 
  
 4. The effective date of this Commitment
Transfer Supplement shall be                      ,          (the “Effective
Date”). Following the execution of this Commitment Transfer Supplement, it will be delivered to the Administrative Agent for acceptance by it and recording by the Administrative Agent pursuant to the Credit Agreement, effective as of the
Effective Date. 
  
 5. The funding date for this Commitment
Transfer Supplement shall be                      ,          (the “Transfer
Funding Date”). On the Transfer Funding Date, any registration and processing fee shall be due and payable to the Administrative Agent pursuant to Section 9.6 of the Credit Agreement. 
  
 6. Upon such acceptance, recording and payment of applicable registration and
processing fees, from and after the Transfer Funding Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Purchasing Lender whether such
amounts have accrued prior to the Transfer Funding Date or accrue subsequent to the Transfer Funding Date. The Transferor Lender and the Purchasing Lender shall make all appropriate adjustments in payments by the Administrative Agent for periods
prior to the Transfer Funding Date or, with respect to the making of this assignment, directly between themselves. 
  
 7. From and after the Transfer Funding Date, (a) the Purchasing Lender shall be a party to the Credit Agreement and, to the extent provided in this
Commitment Transfer Supplement, have the rights and obligations of a Lender thereunder and under the other Credit Documents and shall be bound by the provisions thereof and (b) the Transferor Lender shall, to the extent provided in this
Commitment Transfer Supplement, relinquish its rights and be released from its obligations under the Credit Agreement. 
  
 8. This Commitment Transfer Supplement shall be governed by, and shall be construed and enforced in accordance with, the laws of the State of New York
without regard to conflict of laws principles thereof (other than Sections 5-1401 and 5-1402 of The New York General Obligations Law). 
  
 IN WITNESS WHEREOF, the parties hereto have caused this Commitment Transfer Supplement to be executed as of the date first above written by their
respective duly authorized officers on Schedule 1 hereto. 

 SCHEDULE 1 
 TO COMMITMENT TRANSFER SUPPLEMENT 
  
 EFFECTIVE DATE:                 ,          
  
 Name of Transferor Lender:
                                 
  
 Name of Purchasing Lender:
                                 
  
 Transfer Funding Date of Assignment:
                                 
  
 Credit Facility CUSIP Number:
                                 
  
 Assigned Interest: 
  

								
	 Facility Assigned

	  	 Principal Amount of
 Commitment/Loans
 Assigned

	  	 Commitment Percentage
 Assigned1

	  	CUSIP Number

	 	  	$	 	  	%	  	 
	 	  	 	 	  	 	  	 
	 	  	 	 	  	 	  	 

  

									
	 [NAME OF PURCHASING LENDER]
	 	 	 	 [NAME OR TRANSFEROR LENDER]

					
	 By
	 	 	 	 	 	 By
	 	 
	 Name:
	 	 	 	 	 	 Name:
	 	 
	 Title:
	 	 	 	 	 	 Title:
	 	 
			
	 Accepted (if required):
	 	 	 	 Consented to (if required):

			
	 WACHOVIA BANK, NATIONAL ASSOCIATION,
 as the Administrative Agent, Swingline Lender and
 Issuing Lender
	 	 	 	 MORTON’S OF CHICAGO, INC.,
 an Illinois corporation,
 as the Borrower

					
	 By:
	 	 	 	 	 	 By:
	 	 
	 Name:
	 	 	 	 	 	 Name:
	 	 
	 Title:
	 	 	 	 	 	 Title:
	 	 

  

	1	Calculate the Commitment Percentage that is assigned to at least 9 decimal places and show as a percentage of the aggregate commitments of all Lenders.Form of Security Agreement

 Exhibit 10.14 
  
 SECURITY AGREEMENT 
  
 THIS SECURITY AGREEMENT (this “Security Agreement”), is entered into as of February     , 2006, among
MORTON’S OF CHICAGO, INC., an Illinois corporation (the “Borrower”), MORTON’S RESTAURANT GROUP, INC., a Delaware corporation (the “Parent”), those Subsidiaries of the Parent as may from time
to time party hereto (together with the Parent, collectively the “Guarantors” and each a “Guarantor”; together with the Borrower, individually an “Obligor” and collectively the
“Obligors”) and WACHOVIA BANK, NATIONAL ASSOCIATION, in its capacity as Administrative Agent under the Credit Agreement referred to below (in such capacity, the “Administrative Agent”) for the several banks
and other financial institutions as may from time to time become parties to such Credit Agreement (individually a “Lender” and collectively the “Lenders”). 
  
 RECITALS 
  
 WHEREAS, pursuant to that certain Credit Agreement dated as of the date hereof (as amended, modified, extended,
renewed, restated or replaced from time to time, the “Credit Agreement”), among the Borrower, the Guarantors, the Lenders party thereto and the Administrative Agent, the Lenders have agreed to make Loans and to issue and/or acquire
participation interests in Letters of Credit upon the terms and subject to the conditions set forth therein; and 
  
 WHEREAS, it is a condition precedent to the effectiveness of the Credit Agreement and the obligations of the Lenders to make their respective Loans
and to issue and/or acquire participation interests in Letters of Credit under the Credit Agreement that the Obligors shall have executed and delivered this Security Agreement to the Administrative Agent for the ratable benefit of the Lenders.

  
 NOW, THEREFORE, in consideration of these premises and
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 
  
 1. Definitions. 
  
 (a) Unless otherwise defined herein, capitalized terms used herein shall have the meanings ascribed to such terms in the Credit Agreement,
and the following terms which are defined in the Uniform Commercial Code from time to time in effect in the State of New York (the “UCC”) are used herein as so defined: Accessions, Accounts, As-Extracted Collateral, Chattel Paper,
Commercial Tort Claims, Consumer Goods, Control, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Farm Products, Fixtures, General Intangibles, Goods, Instruments, Inventory, Investment Property, Letter-of-Credit Rights,
Manufactured Homes, Payment Intangibles, Proceeds, Securities Account, Securities Intermediary, Security Entitlement, Software, Supporting Obligations and Tangible Chattel Paper. For purposes of this Security Agreement, the term “Lender”
shall include any Hedging Agreement Provider. 

 (b) In addition, the following term shall have the following meaning: 
  
 “Secured Obligations” means: (i) all of the
Credit Party Obligations (including obligations under Secured Hedging Agreements), howsoever evidenced, created, incurred or acquired, whether primary, secondary, direct, contingent, or joint and several and (ii) all expenses and charges, legal and
otherwise, incurred by the Administrative Agent, the Lenders and/or the Hedging Agreement Providers in collecting or enforcing any of the Credit Party Obligations or in realizing on or protecting any security therefor, including without limitation
the security interest granted hereunder. 
  
 2. Grant of
Security Interest in the Collateral. 
  
 (a)
To secure the prompt payment and performance in full when due, whether by lapse of time, acceleration, mandatory prepayment or otherwise, of the Secured Obligations, each Obligor hereby grants to the Administrative Agent, for the ratable benefit of
the Lenders, a continuing security interest in, and a right to set off against, any and all right, title and interest of such Obligor in and to the following, whether now owned or existing or owned, acquired, or arising hereafter (collectively, the
“Collateral”): 
  

	 	(i)	all Accounts; 

  

	 	(ii)	all cash and Cash Equivalents; 

  

	 	(iii)	all Chattel Paper (including Electronic Chattel Paper); 

  

	 	(iv)	those certain Commercial Tort Claims of such Obligor set forth on Schedule 2(a)(iv) attached hereto (as such Schedule may be updated from time to time by such Obligor);

  

	 	(v)	all Copyright Licenses; 

  

	 	(vi)	all Copyrights; 

  

	 	(vii)	all Deposit Accounts; 

  

	 	(viii)	all Documents; 

  

	 	(ix)	all Equipment; 

  

	 	(x)	all Fixtures; 

  

	 	(xi)	all General Intangibles; 

  

 2 

	 	(xii)	all Goods; 

  

	 	(xiii)	all Instruments; 

  

	 	(xiv)	all Inventory; 

  

	 	(xv)	all Investment Property; 

  

	 	(xvi)	all Letter-of-Credit Rights; 

  

	 	(xvii)	all Material Contracts and all such other agreements, contracts, leases, licenses, tax sharing agreements or hedging arrangements now or hereafter entered into by an Obligor, as
such agreements may be amended or otherwise modified from time to time (collectively, the “Assigned Agreements”), including without limitation, (A) all rights of an Obligor to receive moneys due and to become due under or pursuant
to the Assigned Agreements, (B) all rights of an Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect to the Assigned Agreements, (C) claims of an Obligor for damages arising out of or for breach of or default
under the Assigned Agreements and (D) the right of an Obligor to terminate the Assigned Agreements, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder; 

  

	 	(xviii)	all Payment Intangibles; 

  

	 	(xix)	all Patent Licenses; 

  

	 	(xx)	all Patents; 

  

	 	(xxi)	all Trademark Licenses; 

  

	 	(xxii)	all Trademarks; 

  

	 	(xxiii)	all Software; 

  

	 	(xxiv)	all Supporting Obligations; 

  

	 	(xxv)	all books, records, ledger cards, files, correspondence, computer programs, tapes, disks, and related data processing software (owned by such Obligor or in which it has an interest)
that at any time evidence or contain information relating to any Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon; 

  

 3 

	 	(xxvi)	all other personal property of any kind or type whatsoever owned by such Obligor; and 

  

	 	(xxvii)	to the extent not otherwise included, all Accessions, Proceeds and products of any and all of the foregoing. 

  
 (b) The Obligors and the Administrative Agent, on behalf of
the Lenders, hereby acknowledge and agree that the security interest created hereby in the Collateral (i) constitutes continuing collateral security for all of the Secured Obligations, whether now existing or hereafter arising and (ii) is not to be
construed as a present assignment of any Intellectual Property. 
  
 (c) The term “Collateral” shall include any Secured Hedging Agreement and any rights of the Obligors thereunder only for purposes of this Section 2. 
  
 (d) Notwithstanding anything in the foregoing to the
contrary, the Collateral shall not include (i) 35% of the shares of Capital Stock of any Foreign Subsidiary and (ii) any rights or interests in any Assigned Agreement, if under the terms of such Assigned Agreement, or applicable law with respect
thereto, the valid grant of a security interest or lien therein to the Administrative Agent would give any other party to such Assigned Agreement a legally enforceable right to terminate its obligations thereunder, or is prohibited and such
prohibition has not been or is not waived or the consent of the other party to such Assigned Agreement has not been or is not otherwise obtained or under applicable law such prohibition cannot be waived, provided that the foregoing exclusion shall
in no way be construed (x) to apply if any such prohibition is unenforceable under Sections 9-406, 9-407 or 9-408 of the UCC or other applicable law or (y) so as to limit, impair or otherwise affect the Administrative Agent’s unconditional
continuing security interests in any rights or interests of the Obligor in or to monies due or to become due under any such Assigned Agreement. 
  
 3. Provisions Relating to Accounts, Contracts and Agreements. 
  
 (a) Anything herein to the contrary notwithstanding, each of the Obligors shall remain liable under each of
its Accounts, contracts and agreements to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any agreement giving rise to each such Account or the terms of such
contract or agreement. Neither the Administrative Agent nor any Lender shall have any obligation or liability under any Account (or any agreement giving rise thereto), contract or agreement by reason of or arising out of this Security Agreement or
the receipt by the Administrative Agent or any Lender of any payment relating to such Account, contract or agreement pursuant hereto, nor shall the Administrative Agent or any Lender be obligated in any manner to perform any of the obligations of an
Obligor under or pursuant to any Account (or any agreement giving rise thereto), contract or agreement, to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency of any
performance by any party 
  

 4 

 under any Account (or any agreement giving rise thereto), contract or agreement, to present or file any
claim, to take any action to enforce any performance or to collect the payment of any amounts which may have been assigned to it or to which it may be entitled at any time or times. 
  
 (b) The Administrative Agent hereby authorizes the Obligors to collect the Accounts; provided, that
the Administrative Agent may curtail or terminate such authority at any time after the occurrence and during the continuation of an Event of Default. If required by the Administrative Agent at any time after the occurrence and during the
continuation of an Event of Default, any payments of Accounts, when collected by the Obligors (i) shall be forthwith (and in any event within two (2) Business Days) deposited by the Obligors in a collateral account maintained under the sole dominion
and control of the Administrative Agent, subject to withdrawal by the Administrative Agent for the account of the Lenders only as provided in Section 12 hereof, and (ii) until so turned over, shall be held by the Obligors in trust for the
Administrative Agent and the Lenders, segregated from other funds of the Obligors. 
  
 (c) At any time and from time to time, the Administrative Agent shall have the right, but not the obligation, to make test verifications
of the Accounts and the Obligors shall furnish all such assistance and information as the Administrative Agent may reasonably require in connection with such test verifications. Upon the Administrative Agent’s reasonable request and at the
expense of the Obligors, the Obligors shall cause independent public accountants or others satisfactory to the Administrative Agent to furnish to the Administrative Agent reports showing reconciliations, aging and test verifications of, and trial
balances for, the Accounts; provided that, so long as no Event of Default shall have occurred and be continuing, the Administrative Agent and the Lenders shall not require information from the independent public accountants of the Obligors more than
once per year. At any time after the occurrence and during the continuation of an Event of Default, the Administrative Agent in its own name or in the name of others may communicate with account debtors on the Accounts to verify with them to the
Administrative Agent’s satisfaction the existence, amount and terms of any Accounts. 
  
 4. Representations and Warranties. Each Obligor hereby represents and warrants to the Administrative Agent, for the benefit of the Lenders, that so long as any of the Secured Obligations (other than contingent
indemnity obligations that survive termination of the Credit Documents pursuant to the stated terms thereof) remain outstanding, any Credit Document or Secured Hedging Agreement is in effect, and until all of the Commitments shall have been
terminated: 
  
 (a) Chief Executive Office;
Books & Records; Legal Name; State of Formation. As of the Closing Date, each Obligor’s chief executive office and chief place of business are (and for the prior four months has been) located at the locations set forth on Schedule
3.19(c) to the Credit Agreement, and as of the Closing Date each Obligor keeps its books and records at such locations. As of the Closing Date, each Obligor’s 
  

 5 

 exact legal name is as shown in this Security Agreement and its state of incorporation or organization is
(and for the prior four months has been) the location set forth on Schedule 3.3 to the Credit Agreement. No Obligor has in the four months preceding the Closing Date changed its name, been party to a merger, consolidation or other change in
structure or used any tradename not disclosed on Schedule 4(a) attached hereto (as updated from time to time). 
  
 (b) Location of Tangible Collateral. As of the Closing Date, the location of all tangible Collateral owned by each Obligor is as
shown on Schedule 3.19(b) to the Credit Agreement. 
  
 (c) Ownership. Each Obligor is the legal and beneficial owner of its Collateral and has the right to pledge, sell, assign or transfer the same. 
  
 (d) Security Interest/Priority. This Security Agreement creates a valid security interest in favor of
the Administrative Agent, for the benefit of the Lenders, in the Collateral of such Obligor and, when properly perfected by filing, obtaining possession, the granting of Control to the Administrative Agent or otherwise, shall constitute a valid
first priority, perfected security interest in such Collateral, to the extent such security interest can be perfected by filing, obtaining possession, the granting of Control or otherwise under the UCC or by filing an appropriate notice with the
United States Patent and Trademark Office or the United States Copyright Office, free and clear of all Liens except for Permitted Liens. 
  
 (e) Consents. Except for (i) the filing or recording of UCC financing statements, (ii) the filing of appropriate notices with the
United States Patent and Trademark Office and the United States Copyright Office, (iii) obtaining Control to perfect the Liens created by this Security Agreement and (iv) compliance with the Federal Assignment of Claims Act or comparable state law,
no consent or authorization of, filing with, or other act by or in respect of, any arbitrator or Governmental Authority and no consent of any other Person (including, without limitation, any stockholder, member or creditor of such Obligor), is
required (A) for the grant by such Obligor of the security interest in the Collateral granted hereby or for the execution, delivery or performance of this Security Agreement by such Obligor or (B) for the perfection of such security interest or the
exercise by the Administrative Agent of the rights and remedies provided for in this Security Agreement. 
  
 (f) Types of Collateral. None of the Collateral consists of, or is the Proceeds of, As-Extracted Collateral, Consumer Goods, Farm
Products, Manufactured Homes or standing timber (as such term is used in the UCC). 
  
 (g) Accounts. With respect to the Accounts of the Obligors: (i) the goods sold and/or services furnished giving rise to each
Account are not subject to any security interest or Lien except the first priority, perfected security interest granted to the Administrative Agent herein and except for Permitted Liens; (ii) each Account and the papers and 
  

 6 

 documents of the applicable Obligor relating thereto are genuine and in all material respects what they
purport to be; (iii) each Account arises out of a bona fide transaction for goods sold and delivered (or in the process of being delivered) by an Obligor or for services actually rendered by an Obligor, which transaction was conducted in the
ordinary course of the Obligor’s business and was completed in accordance with the material terms of any documents pertaining thereto; (iv) no Account in excess of $1,000,000 of an Obligor is evidenced by any Instrument or Chattel Paper unless
such Instrument or Chattel Paper has been theretofore endorsed over and delivered to, or submitted to the Control of, the Administrative Agent; (v) the amount of each Account as shown on the applicable Obligor’s books and records, and on all
invoices and statements which may be delivered to the Administrative Agent with respect thereto, is due and payable to the applicable Obligor and is not in any way contingent; (vi) to each of the Obligor’s knowledge, the account debtor with
respect to each Account has the capacity to contract; (vii) no surety bond was required or given in connection with any Account of an Obligor or the contracts or purchase orders out of which they arose; (viii) no Account is evidenced by a judgment,
there are no set-offs, counterclaims or disputes existing or asserted with respect to any material Account, and no Obligor has made any agreement with any account debtor for any deduction from any Account except for deductions made in the ordinary
course of its business; (ix) there are no facts, events or occurrences which in any material respect impair the validity or enforcement of any Account or tend to materially reduce the amount payable thereunder as shown on the applicable
Obligor’s books and records; and (x) the right to receive payment under each Account is assignable except where the account debtor with respect to such Account is a Governmental Authority, to the extent assignment of any such right to payment
is prohibited or limited by applicable law, regulations, administrative guidelines or contract. 
  
 (h) Inventory. No Inventory of an Obligor is held by a third party (other than an Obligor) pursuant to consignment, sale or return,
sale on approval or similar arrangement. 
  
 (i)
Intellectual Property. 
  
 (i) Schedule
3.16 to the Credit Agreement includes all Intellectual Property owned by or licensed by or to the Obligors as of the date hereof. 
  
 (ii) All material Intellectual Property of each Obligor is valid, subsisting, unexpired, enforceable and has not been abandoned, and each
Obligor is legally entitled to use each of its tradenames. 
  
 (iii) Except as set forth in Schedule 3.16 to the Credit Agreement, none of the material Intellectual Property of the Obligors is the subject of any licensing or franchise agreement. 
  
 (iv) No holding, decision or judgment has been rendered by
any Governmental Authority which would limit, cancel or question the validity of any material Intellectual Property of the Obligors. 
  

 7 

 (v) No action or proceeding is pending seeking to limit, cancel or question the validity
of any material Intellectual Property of the Obligors, or which, if adversely determined, would have a material adverse effect on the value of any such Intellectual Property. 
  
 (vi) All applications pertaining to the material Intellectual Property of each Obligor have been duly and
properly filed, and all registrations or letters pertaining to such Intellectual Property have been duly and properly filed and issued, and all of such Intellectual Property is valid and enforceable. 
  
 (vii) No Obligor has made any assignment or entered into any
agreement in conflict with the security interest of the Administrative Agent in the material Intellectual Property owned by each Obligor hereunder. 
  
 (j) Documents, Instruments and Chattel Paper. All Documents, Instruments and Chattel Paper describing, evidencing or constituting
Collateral are, to the Obligors’ knowledge, complete, valid, and genuine. 
  
 (k) Equipment. With respect to any Equipment owned by an Obligor: (i) such Obligor has good and marketable title thereto; (ii) all
such Equipment is in normal operating condition and repair, ordinary wear and tear and obsolescence alone excepted (subject to casualty events), and is suitable for the uses to which it is customarily put in the conduct of such Obligor’s
business; and (iii) no Equipment used in the conduct of such Obligor’s business is leased, except for non-material items. 
  
 (l) [Reserved]. 
  
 (m) Collateral Requiring Control to Perfect. Set forth in the Deposit Account and Insurance Letter is a description of all Deposit
Accounts, Electronic Chattel Paper, Letter-of-Credit Rights, Securities Accounts and uncertificated Investment Property of the Obligors, including the name and address of (i) in the case of a Deposit Account, the depository institution, (ii) in the
case of Electronic Chattel Paper, the account debtor, (iii) in the case of Letter-of-Credit Rights, the issuer or nominated person, as applicable, and (iv) in the case of a Securities Account or other uncertificated Investment Property, the
Securities Intermediary or issuer, as applicable. 
  
 5.
Covenants. Each Obligor covenants that, so long as any of the Secured Obligations (other than contingent indemnity obligations that survive termination of the Credit Documents pursuant to the stated terms thereof) remain outstanding, any
Credit Document or Secured Hedging Agreement is in effect, and until all of the Commitments shall have been terminated, such Obligor shall: 
  
 (a) Perfection of Security Interest by Filing, Etc. Execute and deliver to the Administrative Agent and/or file such agreements,
assignments or instruments (including 
  

 8 

 affidavits, notices, reaffirmations, amendments and restatements of existing documents and any documents
as may be necessary if the law of any jurisdiction other than New York becomes or is applicable to the Collateral or any portion thereof, in each case as the Administrative Agent may reasonably request) and do all such other things as the
Administrative Agent may reasonably deem necessary or appropriate (i) to assure to the Administrative Agent its security interests hereunder are perfected, including (A) such financing statements (including continuation statements) or amendments
thereof or supplements thereto or other instruments as the Administrative Agent may from time to time reasonably request in order to perfect and maintain the security interests granted hereunder in accordance with the UCC and any other personal
property security legislation in the appropriate state(s) or province(s), (B) with regard to Copyrights and Copyright Licenses (in either case with respect to rights in the United States), a Notice of Grant of Security Interest in Copyrights for
filing with the United States Copyright Office in the form of Schedule 5(a)-1 attached hereto, (C) with regard to Patents and Patent Licenses (in either case with respect to rights in the United States), a Notice of Grant of Security Interest
in Patents for filing with the United States Patent and Trademark Office in the form of Schedule 5(a)-2 attached hereto and (D) with regard to Trademarks and Trademark Licenses (in either case with respect to rights in the United States), a
Notice of Grant of Security Interest in Trademarks for filing with the United States Patent and Trademark Office in the form of Schedule 5(a)-3 attached hereto, (ii) to consummate the transactions contemplated hereby and (iii) to otherwise
protect and assure the Administrative Agent of its rights and interests hereunder. Each Obligor hereby authorizes the Administrative Agent to prepare and file such financing statements (including continuation statements) or amendments thereof or
supplements thereto or other instruments as the Administrative Agent may from time to time reasonably deem necessary or appropriate in order to perfect and maintain the security interests granted hereunder in accordance with the UCC, including,
without limitation, any financing statement that describes the Collateral as “all personal property” or “all assets” of such Obligor or that describes the Collateral in some other manner as the Administrative Agent deems
necessary or advisable. Each Obligor agrees to mark its books and records to reflect the security interest of the Administrative Agent in the Collateral. 
  
 (b) Perfection of Security Interest by Possession. If (i) any amount payable under or in connection with any of the Collateral
shall be or become evidenced by any Instrument, Tangible Chattel Paper or Supporting Obligation, in each case in excess of $1,000,000 in amount or value or (ii) if any Collateral shall be stored or shipped subject to a Document or (iii) if any
Collateral shall consist of Investment Property in the form of certificated securities, promptly notify the Administrative Agent of the existence of such Collateral and upon the request of the Administrative Agent, deliver such Instrument, Chattel
Paper, Supporting Obligation, Document or Investment Property to the Administrative Agent, duly endorsed in a manner reasonably satisfactory to the Administrative Agent, to be held as Collateral pursuant to this Security Agreement.. 
  
 (c) Perfection of Security Interest Through Control.
If any Collateral shall consist of Deposit Accounts, Electronic Chattel Paper, Letter-of-Credit Rights, Securities 
  

 9 

 Accounts or uncertificated Investment Property in each case in excess of $1,000,000 in amount or value,
execute and deliver upon the request of the Administrative Agent (and, with respect to any Collateral consisting of a Securities Account or uncertificated Investment Property, cause the Securities Intermediary or the issuer, as applicable, with
respect to such Investment Property to execute and deliver) to the Administrative Agent all control agreements, assignments, instruments or other documents as reasonably requested by the Administrative Agent for the purposes of obtaining and
maintaining Control of such Collateral. 
  
 (d)
Other Liens. Defend its interests in the Collateral against the claims and demands of all other parties claiming an interest therein (except where such claims relate to an immaterial portion of the Collateral) and keep the Collateral free
from all Liens, except for Permitted Liens. Neither the Administrative Agent nor any Lender authorizes any Obligor to, and no Obligor shall, sell, exchange, transfer, assign, lease or otherwise dispose of the Collateral or any interest therein,
except as permitted under the Credit Agreement. 
  
 (e) Preservation of Collateral. Keep the Collateral in good order, condition and repair in all material respects, ordinary wear and tear excepted; not use the Collateral in violation of the provisions of this Security Agreement or
any other agreement relating to the Collateral or any policy insuring the Collateral or any applicable Requirement of Law; not permit any Collateral to be or become a fixture to real property or an accession to other personal property unless the
Administrative Agent has a valid, perfected and first priority security interest for the benefit of the Lenders in such real or personal property; and not, without the prior written consent of the Administrative Agent, alter or remove any
identifying symbol or number on its Equipment. 
  
 (f) Changes in Structure or Location. Not, without providing 15 days prior written notice to the Administrative Agent and without filing (or confirming that the Administrative Agent has filed) such financing statements and amendments
to any previously filed financing statements as the Administrative Agent may require, (i) alter its legal existence or, in one transaction or a series of transactions, merge into or consolidate with any other entity, or sell all or substantially all
of its assets, (ii) change its state of incorporation or organization, or (iii) change its registered legal name. 
  
 (g) Inspection. Allow the Administrative Agent or its representatives to visit and inspect the Collateral as set forth in Section
5.6 of the Credit Agreement. 
  
 (h)
Collateral Held by Warehouseman, Bailee, etc. If any Collateral is at any time in the possession or control of a warehouseman, bailee or any agent or processor of such Obligor, (i) notify the Administrative Agent of such possession, (ii)
notify such Person of the Administrative Agent’s security interest for the benefit of the Lenders in such Collateral and (iii) instruct such Person to hold all such Collateral for the Administrative Agent’s account subject to the
Administrative Agent’s instructions. 
  

 10 

 (i) Treatment of Accounts. (i) Not grant or extend the time for payment of any
material Account, or compromise or settle any material Account for less than the full amount thereof, or release any person or property, in whole or in part, from payment thereof, or allow any credit or discount thereon, other than as normal and
customary in the ordinary course of an Obligor’s business and (ii) maintain at its principal place of business a record of Accounts consistent with customary business practices. 
  
 (h) Covenants Relating to Inventory. 
  
 (i) Maintain, keep and preserve its Inventory in good salable condition at its own cost and expense.

  
 (ii) Comply with all reporting requirements
set forth in the Credit Agreement with respect to Inventory. 
  
 (iii) If any of the Inventory is at any time evidenced by a document of title, promptly notify the Administrative Agent thereof and, upon the request of the Administrative Agent, deliver such document of title to the
Administrative Agent. 
  
 (j) Covenants
Relating to Copyrights. 
  
 (i) Employ the
Copyright for each material Work with such notice of copyright as may be required by law to secure copyright protection. 
  
 (ii) With respect to any Copyright that is material to the Credit Party’s business, not do any act or knowingly omit to do any act
whereby any Copyright may become invalidated and (A) not do any act, or knowingly omit to do any act, whereby such Copyright may become injected into the public domain; (B) notify the Administrative Agent immediately if it knows, or has reason to
know, that such Copyright that is material to a Credit Party’s business could reasonably be expected to become injected into the public domain or of any adverse determination or development (including, without limitation, the institution of, or
any such determination or development in, any proceeding in any court or tribunal in the United States or any other country) regarding an Obligor’s ownership of any such Copyright or its validity; (C) take all necessary steps as it shall deem
appropriate under the circumstances, to maintain and pursue each application (and to obtain the relevant registration) and to maintain each registration of each such Copyright owned by an Obligor including, without limitation, filing of applications
for renewal where necessary, except where the failure to maintain such Copyright would not reasonably be expected to have a Material Adverse Effect; and (D) promptly notify the Administrative Agent of any material infringement of any Copyright of an
Obligor of which it becomes aware and take such actions as it shall reasonably deem appropriate under the circumstances to protect such Copyright, including, where appropriate, the bringing of suit for 
  

 11 

 infringement, seeking injunctive relief and seeking to recover any and all damages for such infringement,
except where the failure to enforce such rights would not reasonably be expected to have a Material Adverse Effect. 
  
 (iii) Not make any assignment or agreement in conflict with the security interest in the Copyrights of each Obligor hereunder. 

 
 (k) Covenants Relating to Patents and Trademarks.

  
 (i) With respect to each Trademark that is
material to the Credit Party’s business, (A) continue to use each such Trademark in order to maintain such Trademark in full force free from any claim of abandonment for non-use, (B) maintain as in the past the quality of products and services
offered under such Trademark, (C) employ such Trademark with the appropriate notice of registration, (D) not adopt or use any mark which is confusingly similar or a colorable imitation of such Trademark unless the Administrative Agent, for the
ratable benefit of the Lenders, shall obtain a perfected security interest in such mark pursuant to this Security Agreement, and (E) not (and not permit any licensee or sublicensee thereof to) do any act or knowingly omit to do any act whereby any
such Trademark may become invalidated. 
  
 (ii)
Not do any act, or omit to do any act, whereby any Patent that is material to the Credit Party’s business may become abandoned or dedicated. 
  
 (iii) Promptly notify the Administrative Agent if it knows, or has reason to know, that any application or registration relating to any
Patent or Trademark that is material to the Credit Party’s business may become abandoned or dedicated, or of any adverse determination or development (including, without limitation, the institution of, or any such determination or development
in, any proceeding in the United States Patent and Trademark Office or any court or tribunal in any country) regarding an Obligor’s ownership of any such Patent or Trademark or its right to register the same or to keep, maintain and use the
same. 
  
 (iv) Whenever an Obligor, either by
itself or through an agent, employee, licensee or designee, shall file an application for the registration of any Patent or Trademark with the United States Patent and Trademark Office, such Obligor shall report such filing to the Administrative
Agent and the Lenders within five Business Days after the last day of the fiscal quarter in which such filing occurs. Upon request of the Administrative Agent, an Obligor shall execute and deliver any and all agreements, instruments, documents and
papers as the Administrative Agent may request to evidence the Administrative Agent’s and the Lenders’ security interest in any such Patent or Trademark and the goodwill and General Intangibles of such Obligor relating thereto or
represented thereby. 
  

 12 

 (v) Take all reasonable and necessary steps, including, without limitation, in any
proceeding before the United States Patent and Trademark Office, to maintain and pursue each application, to obtain the relevant registration and to maintain each registration of the Patents and Trademarks that are material to the Credit
Party’s business, including, without limitation, filing of applications for renewal, affidavits of use and affidavits of incontestability. 
  
 (vi) Promptly notify the Administrative Agent and the Lenders after it learns that any Patent or Trademark included in the Collateral that
is material to the Credit Party’s business is infringed, misappropriated or diluted by a third party and promptly sue for infringement, misappropriation or dilution, to seek injunctive relief where appropriate and to recover any and all damages
for such infringement, misappropriation or dilution, or take such other actions as it shall reasonably deem appropriate under the circumstances to protect such Patent or Trademark. 
  
 (vii) Not make any assignment or agreement in conflict with the security interest in the Patents or
Trademarks of any Obligor hereunder. 
  
 (l)
New Patents, Copyrights and Trademarks. Promptly provide the Administrative Agent with (i) a listing of all applications, if any, for new Copyrights, Patents or Trademarks (in each case, relating to rights in the United States) (together with
a listing of the issuance of registrations or letters on present applications), which new applications and issued registrations or letters shall be subject to the terms and conditions hereunder, and (ii) (A) with respect to all such Copyrights, a
duly executed Notice of Grant of Security Interest in Copyrights, (B) with respect to all such Patents, a duly executed Notice of Grant of Security Interest in Patents, (C) with respect to all such Trademarks, a duly executed Notice of Grant of
Security Interest in Trademarks or (D) such other duly executed documents as the Administrative Agent may reasonably request in a form acceptable to counsel for the Administrative Agent and suitable for recording to evidence the security interest of
the Administrative Agent on behalf of the Lenders in the Copyright, Patent or Trademark which is the subject of such new application. 
  
 (m) Commercial Tort Claims; Notice of Litigation. (i) Promptly forward to the Administrative Agent written notification of any and
all Commercial Tort Claims of the Obligors, including, but not limited to, any and all actions, suits, and proceedings before any court or Governmental Authority by or affecting such Obligor or any of its Subsidiaries and (ii) execute and deliver
such statements, documents and notices and do and cause to be done all such things as may be required by the Administrative Agent, or required by law, including all things which may from time to time be necessary under the UCC to fully create,
preserve, perfect and protect the priority of the Administrative Agent’s security interest in any Commercial Tort Claims. 
  

 13 

 (n) Status of Collateral as Personal Property. At all times maintain the
Collateral as personal property and not affix any of the Collateral to any real property in a manner which would change its nature from personal property to real property. 
  
 (o) Regulatory Approvals. Promptly, and at its expense, execute and deliver, or cause to be executed
and delivered, all applications, certificates, instruments, registration statements, and all other documents and papers the Administrative Agent may reasonably request and as may be required by law to acquire any Governmental Approval deemed
necessary or appropriate for the effective exercise of any of the rights under this Security Agreement. Without limiting the generality of the foregoing, if an Event of Default shall have occurred and be continuing, each Obligor shall take any
action which the Administrative Agent may reasonably request in order to transfer and assign to the Administrative Agent, or to such one or more third parties as the Administrative Agent may designate, or to a combination of the foregoing, each
Government Approval of such Obligor. To enforce the provisions of this subsection, upon the occurrence and during the continuance of an Event of Default, the Administrative Agent is empowered to request the appointment of a receiver from any court
of competent jurisdiction. Such receiver shall be instructed to seek from the Governmental Authority an involuntary transfer of control of each such Governmental Approval for the purpose of seeking a bona fide purchaser to whom control will
ultimately be transferred. Each Obligor hereby agrees to authorize such an involuntary transfer of control upon the request of the receiver so appointed, and, if such Obligor shall refuse to authorize the transfer, its approval may be required by
the court. Upon the occurrence and continuance of an Event of Default, such Obligor shall further use its reasonable best efforts to assist in obtaining Governmental Approvals, if required, for any action or transaction contemplated by this Security
Agreement, including, without limitation, the preparation, execution and filing with the Governmental Authority of such Obligor’s portion of any necessary or appropriate application for the approval of the transfer or assignment of any portion
of the assets (including any Governmental Approval) of such Obligor. Because each Obligor agrees that the Administrative Agent’s remedy at law for failure of such Obligor to comply with the provisions of this subsection would be inadequate and
that such failure would not be adequately compensable in damages, such Obligor agrees that the covenants contained in this subsection may be specifically enforced, and such Obligor hereby waives and agrees not to assert any defenses against an
action for specific performance of such covenants. 
  
 (p) Insurance. Insure, repair and replace the Collateral of such Obligor as set forth in the Credit Agreement. All proceeds derived from insurance on the Collateral shall be subject to the security interest of the Administrative
Agent hereunder. 
  
 (q) Covenants Relating to
the Assigned Agreements. 
  
 (i) Upon the
occurrence and during the continuance of an Event of Default, upon the request of the Administrative Agent, each Obligor shall, at its expense, (A) furnish to the Administrative Agent copies of all notices, requests and other documents received by
such Obligor under or pursuant to the Assigned 
  

 14 

 Agreements, and such other information and reports regarding the Assigned Agreements and (B) make to any
other party to any Assigned Agreement such demands and requests for information and reports or for action as an Obligor is entitled to make thereunder. 
  
 (ii) Unless the applicable Obligor believes it is necessary or desirable in the prudent conduct of its business, no Obligor shall (A)
cancel or terminate any Assigned Agreement of such Obligor or consent to or accept any cancellation or termination thereof; (B) amend or otherwise modify any Assigned Agreement of such Obligor or give any consent, waiver or approval thereunder; (C)
waive any default under or breach of any Assigned Agreement of such Obligor; or (D) take any other action in connection with any Assigned Agreement of such Obligor which would impair the value of the interest or rights of such Obligor thereunder or
which would impair the interests or rights of the Administrative Agent. 
  
 6. License of Intellectual Property. The Obligors hereby assign, transfer and convey to the Administrative Agent, effective upon the occurrence and during the continuance of any Event of Default, the nonexclusive right and license to
use all Intellectual Property owned or used by any Obligor that relate to the Collateral and any other collateral granted by the Obligors as security for the Secured Obligations, together with any goodwill associated therewith, all to the extent
necessary to enable the Administrative Agent to use, possess and realize on the Collateral and to enable any successor or assign to enjoy the benefits of the Collateral. This right and license shall inure to the benefit of all successors, assigns
and transferees of the Administrative Agent and its successors, assigns and transferees, whether by voluntary conveyance, operation of law, assignment, transfer, foreclosure, deed in lieu of foreclosure or otherwise. Such right and license is
granted free of charge, without requirement that any monetary payment whatsoever be made to the Obligors. 
  
 7. Special Provisions Regarding Inventory. Notwithstanding anything to the contrary contained in this Security Agreement, each Obligor may, unless
and until an Event of Default occurs and is continuing and the Administrative Agent instructs such Obligor otherwise, without further consent or approval of the Administrative Agent, use, consume, sell, lease and exchange its Inventory in the
ordinary course of its business as presently conducted or as otherwise expressly permitted under the Credit Agreement, whereupon, in the case of such a sale or exchange, the security interest created hereby in the Inventory so sold or exchanged (but
not in any Proceeds arising from such sale or exchange) shall cease immediately without any further action on the part of the Administrative Agent. 
  
 8. Performance of Obligations; Advances by Administrative Agent. On failure of any Obligor to perform any of the covenants and agreements contained
herein, the Administrative Agent may, at its sole option and in its sole discretion, perform or cause to be performed the same and in so doing may expend such sums as the Administrative Agent may reasonably deem advisable in the performance thereof,
including, without limitation, the payment of any insurance premiums, the payment of any taxes, a payment to obtain a release of a Lien or potential Lien (other than a Permitted Lien), expenditures made in defending against any adverse 

 

 15 

 claim and all other expenditures which the Administrative Agent may make for the protection of the security interest
hereof or may be compelled to make by operation of law. All such sums and amounts so expended shall be repayable by the Obligors on a joint and several basis promptly upon timely notice thereof and demand therefor, shall constitute additional
Secured Obligations and shall bear interest from the date said amounts are expended at the ABR Default Rate. No such performance of any covenant or agreement by the Administrative Agent on behalf of any Obligor, and no such advance or expenditure
therefor, shall relieve the Obligors of any default under the terms of this Security Agreement, the other Credit Documents or any Secured Hedging Agreement. The Administrative Agent may make any payment hereby authorized in accordance with any bill,
statement or estimate procured from the appropriate public office or holder of the claim to be discharged without inquiry into the accuracy of such bill, statement or estimate or into the validity of any tax assessment, sale, forfeiture, tax lien,
title or claim except to the extent such payment is being contested in good faith by an Obligor in appropriate proceedings and against which adequate reserves are being maintained in accordance with GAAP. 
  
 9. Events of Default. 
  
 The occurrence of an event which under the Credit Agreement would constitute
an Event of Default shall be an event of default hereunder (an “Event of Default”). 
  
 10. Remedies. 
  
 (a) General Remedies. Upon the occurrence of an Event of Default and during continuation thereof, the Administrative Agent and the
Lenders shall have, in addition to the rights and remedies provided herein, in the Credit Documents, in any Secured Hedging Agreement or by law (including, but not limited to, levy of attachment, garnishment and the rights and remedies set forth in
the Uniform Commercial Code of the jurisdiction applicable to the affected Collateral), the rights and remedies of a secured party under the UCC (regardless of whether the UCC is the law of the jurisdiction where the rights and remedies are asserted
and regardless of whether the UCC applies to the affected Collateral), and further, the Administrative Agent may, with or without judicial process or the aid and assistance of others, (i) enter on any premises on which any of the Collateral may be
located and, without resistance or interference by the Obligors, take possession of the Collateral, (ii) dispose of any Collateral on any such premises, (iii) require the Obligors to assemble and make available to the Administrative Agent at the
expense of the Obligors any Collateral at any place and time designated by the Administrative Agent which is reasonably convenient to both parties, (iv) remove any Collateral from any such premises for the purpose of effecting sale or other
disposition thereof, and/or (v) without demand and without advertisement, notice, hearing or process of law, all of which each of the Obligors hereby waives to the fullest extent permitted by law, at any place and time or times, sell and deliver any
or all Collateral held by or for it at public or private sale, by one or more contracts, in one or more parcels, for cash, upon credit or otherwise, at such prices and upon such terms as the Administrative Agent deems advisable, in its sole
discretion (subject to any and all mandatory legal requirements). Neither the Administrative Agent’s compliance with any applicable state or 
  

 16 

 federal law in the conduct of such sale, nor its disclaimer of any warranties relating to the Collateral,
shall be considered to adversely affect the commercial reasonableness of such sale. In addition to all other sums due the Administrative Agent and the Lenders with respect to the Secured Obligations, the Obligors shall pay the Administrative Agent
and each of the Lenders all reasonable documented costs and expenses incurred by the Administrative Agent or any such Lender, including, but not limited to, reasonable attorneys’ fees and court costs, in obtaining or liquidating the Collateral,
in enforcing payment of the Secured Obligations, or in the prosecution or defense of any action or proceeding by or against the Administrative Agent or the Lenders or the Obligors concerning any matter arising out of or connected with this Security
Agreement, any Collateral or the Secured Obligations, including, without limitation, any of the foregoing arising in, arising under or related to a case under the Bankruptcy Code. To the extent the rights of notice cannot be legally waived
hereunder, each Obligor agrees that any requirement of reasonable notice shall be met if such notice is personally served on or mailed, postage prepaid, to the Borrower in accordance with the notice provisions of Section 9.2 of the Credit Agreement
at least 10 days before the time of sale or other event giving rise to the requirement of such notice. The Administrative Agent and the Lenders shall not be obligated to make any sale or other disposition of the Collateral regardless of notice
having been given. To the extent permitted by law, any Lender may be a purchaser at any such sale. To the extent permitted by applicable law, each of the Obligors hereby waives all of its rights of redemption with respect to any such sale. Subject
to the provisions of applicable law, the Administrative Agent and the Lenders may postpone or cause the postponement of the sale of all or any portion of the Collateral by announcement at the time and place of such sale, and such sale may, without
further notice, to the extent permitted by law, be made at the time and place to which the sale was postponed, or the Administrative Agent and the Lenders may further postpone such sale by announcement made at such time and place. 
  
 (b) Remedies Relating to Accounts. Upon the
occurrence of an Event of Default and during the continuation thereof, whether or not the Administrative Agent has exercised any or all of its rights and remedies hereunder, the Administrative Agent shall have the right to enforce any Obligor’s
rights against any account debtors and obligors on such Obligor’s Accounts. Each Obligor acknowledges and agrees that the Proceeds of its Accounts remitted to or on behalf of the Administrative Agent in accordance with the provisions of this
Section shall be solely for the Administrative Agent’s own convenience and that such Obligor shall not have any right, title or interest in such Proceeds or in any such other amounts except as expressly provided herein. To the extent required
by the Administrative Agent, each Obligor agrees to execute any document or instrument, and to take any action, necessary under applicable law (including the Federal Assignment of Claims Act) in order for the Administrative Agent to exercise its
rights and remedies (or be able to exercise its rights and remedies at some future date) with respect to any Accounts of such Obligor where the account debtor is a Governmental Authority. The Administrative Agent and the Lenders shall have no
liability or responsibility to any Obligor for acceptance of a check, draft or other order for payment of money bearing the legend “payment in full” or words of similar import or any other restrictive legend or 
  

 17 

 endorsement or be responsible for determining the correctness of any remittance. Each Obligor hereby
agrees to indemnify the Administrative Agent and the Lenders and their respective officers, directors, employees, partners, members, counsel, agents, representatives, advisors and affiliates from and against all liabilities, damages, losses,
actions, claims, judgments, costs, expenses, charges and reasonable attorneys’ fees suffered or incurred by the Administrative Agent or the Lenders (each, an “Indemnified Party”) because of the maintenance of the foregoing
arrangements except as relating to or arising out of the gross negligence or willful misconduct of an Indemnified Party or its officers, employees or agents. In the case of any investigation, litigation or other proceeding, the foregoing indemnity
shall be effective whether or not such investigation, litigation or proceeding is brought by an Obligor, its directors, shareholders or creditors or an Indemnified Party or any other Person or any other Indemnified Party is otherwise a party
thereto. 
  
 (c) Access. In addition to
the rights and remedies hereunder, upon the occurrence of an Event of Default and during the continuation thereof, the Administrative Agent shall have the right to enter and remain upon the various premises of the Obligors without cost or charge to
the Administrative Agent, and use the same, together with materials, supplies, books and records of the Obligors for the purpose of collecting and liquidating the Collateral, or for preparing for sale and conducting the sale of the Collateral,
whether by foreclosure, auction or otherwise. In addition, the Administrative Agent may remove Collateral, or any part thereof, from such premises and/or any records with respect thereto, in order to effectively collect or liquidate such Collateral.
If the Administrative Agent exercises its right to take possession of the Collateral, each Obligor shall also at its expense perform any and all other steps reasonably requested by the Administrative Agent to preserve and protect the security
interest hereby granted in the Collateral, such as placing and maintaining signs indicating the security interest of the Administrative Agent, appointing overseers for the Collateral and maintaining inventory records. 
  
 (d) Nonexclusive Nature of Remedies. Failure by the
Administrative Agent or the Lenders to exercise any right, remedy or option under this Security Agreement, any other Credit Document, any Secured Hedging Agreement or as provided by law, or any delay by the Administrative Agent or the Lenders in
exercising the same, shall not operate as a waiver of any such right, remedy or option. No waiver hereunder shall be effective unless it is in writing, signed by the party against whom such waiver is sought to be enforced and then only to the extent
specifically stated, which in the case of the Administrative Agent or the Lenders shall only be granted as provided herein. To the extent permitted by law, neither the Administrative Agent, the Lenders, nor any party acting as attorney for the
Administrative Agent or the Lenders, shall be liable hereunder for any acts or omissions or for any error of judgment or mistake of fact or law other than their gross negligence or willful misconduct hereunder. The rights and remedies of the
Administrative Agent and the Lenders under this Security Agreement shall be cumulative and not exclusive of any other right or remedy which the Administrative Agent or the Lenders may have. 
  

 18 

 (e) Retention of Collateral. In addition to the rights and remedies hereunder,
upon the occurrence of an Event of Default and during the continuation thereof, the Administrative Agent may, after providing the notices required by and otherwise complying with Sections 9-620 and 9-621 of the UCC (or any successor sections of the
UCC) or otherwise complying with the requirements of applicable law of the relevant jurisdiction, accept or retain all or any portion of the Collateral in satisfaction of the Secured Obligations. Unless and until the Administrative Agent shall have
provided such notices, however, the Administrative Agent shall not be deemed to have retained any Collateral in satisfaction of any Secured Obligations for any reason. 
  
 (f) Deficiency. In the event that the proceeds of any sale, collection or realization are
insufficient to pay all amounts to which the Administrative Agent or the Lenders are legally entitled, the Obligors shall be jointly and severally liable for the deficiency, together with interest thereon at the ABR Default Rate, together with the
costs of collection and the reasonable fees of any attorneys employed by the Administrative Agent to collect such deficiency. Any surplus remaining after the full payment and satisfaction of the Secured Obligations shall be returned to the Obligors
or to whomsoever a court of competent jurisdiction shall determine to be entitled thereto. 
  
 (g) Other Security. To the extent that any of the Secured Obligations are now or hereafter secured by property other than the
Collateral (including, without limitation, real and other personal property and securities owned by an Obligor), or by a guarantee, endorsement or property of any other Person, then the Administrative Agent shall have the right to proceed against
such other property, guarantee or endorsement upon the occurrence and during the continuation of any Event of Default, and the Administrative Agent shall have the right, in its sole discretion, to determine which rights, security, Liens, security
interests or remedies the Administrative Agent shall at any time pursue, relinquish, subordinate, modify or take with respect thereto, without in any way modifying or affecting any of them or any of the Administrative Agent’s and the
Lenders’ rights or the Secured Obligations under this Security Agreement, under any other of the Credit Documents or under any Secured Hedging Agreement. 
  

11. Rights of the Administrative Agent. 
  
 (a) Power of Attorney. Each Obligor hereby designates and appoints the Administrative Agent, on behalf of the Lenders, and each of
its designees or agents, as attorney-in-fact of such Obligor, irrevocably and with power of substitution, with authority to take any or all of the following actions upon the occurrence and during the continuation of an Event of Default: 

 
 (i) to demand, collect, settle, compromise, adjust and
give discharges and releases concerning the Collateral of such Obligor, all as the Administrative Agent may reasonably determine in respect of such Collateral; 
  

 19 

 (ii) to commence and prosecute any actions at any court for the purposes of collecting
any Collateral and enforcing any other right in respect thereof; 
  
 (iii) to defend, settle, adjust or compromise any action, suit or proceeding brought with respect to the Collateral and, in connection therewith, give such discharge or release as the Administrative Agent may deem
reasonably appropriate; 
  
 (iv) to receive, open
and dispose of mail addressed to an Obligor and endorse checks, notes, drafts, acceptances, money orders, bills of lading, warehouse receipts or other instruments or documents evidencing payment, shipment or storage of the goods giving rise to the
Collateral of such Obligor, or securing or relating to such Collateral, on behalf of and in the name of such Obligor; 
  
 (v) to sell, assign, transfer, make any agreement in respect of, or otherwise deal with or exercise rights in respect of, any Collateral
or the goods or services which have given rise thereto, as fully and completely as though the Administrative Agent were the absolute owner thereof for all purposes; 
  
 (vi) to adjust and settle claims under any insurance policy relating to the Collateral; 
  
 (vii) to execute and deliver and/or file all assignments,
conveyances, statements, financing statements, continuation financing statements, security agreements, affidavits, notices and other agreements, instruments and documents that the Administrative Agent may determine necessary in order to perfect and
maintain the security interests and Liens granted in this Security Agreement and in order to fully consummate all of the transactions contemplated herein; 
  
 (viii) to institute any foreclosure proceedings that the Administrative Agent may deem appropriate; 
  
 (ix) to execute any document or instrument, and to take any
action, necessary under applicable law (including the Federal Assignment of Claims Act) in order for the Administrative Agent to exercise its rights and remedies (or to be able to exercise its rights and remedies at some future date) with respect to
any Account of an Obligor where the account debtor is a Governmental Authority; and 
  

 20 

 (x) to do and perform all such other acts and things as the Administrative Agent may
reasonably deem to be necessary, proper or convenient in connection with the Collateral. 
  
 This power of attorney is a power coupled with an interest and shall be irrevocable for so long as any of the Secured Obligations (other than contingent indemnity obligations that survive termination of the Credit
Documents pursuant to the stated terms thereof) remain outstanding, any Credit Document or Secured Hedging Agreement is in effect, and until all of the Commitments shall have been terminated. The Administrative Agent shall be under no duty to
exercise or withhold the exercise of any of the rights, powers, privileges and options expressly or implicitly granted to the Administrative Agent in this Security Agreement, and shall not be liable for any failure to do so or any delay in doing so.
The Administrative Agent shall not be liable for any act or omission or for any error of judgment or any mistake of fact or law in its individual capacity or its capacity as attorney-in-fact except acts or omissions resulting from its gross
negligence or willful misconduct. This power of attorney is conferred on the Administrative Agent solely to perfect, protect, preserve and realize upon its security interest in the Collateral. 
  
 (b) Assignment by the Administrative Agent. Subject
to any restrictions in the Credit Agreement with respect to the assignment of the Secured Obligations, the Administrative Agent may from time to time assign the Secured Obligations or any portion thereof and/or the Collateral or any portion thereof
to a successor Administrative Agent, and the assignee shall be entitled to all of the rights and remedies of the Administrative Agent under this Security Agreement in relation thereto. 
  
 (c) The Administrative Agent’s Duty of Care. Other than the exercise of reasonable care to
assure the safe custody of the Collateral while being held by the Administrative Agent hereunder, the Administrative Agent shall have no duty or liability to preserve rights pertaining thereto, it being understood and agreed that the Obligors shall
be responsible for preservation of all rights in the Collateral, and the Administrative Agent shall be relieved of all responsibility for the Collateral upon surrendering it or tendering the surrender of it to the Obligors. The Administrative Agent
shall be deemed to have exercised reasonable care in the custody and preservation of the Collateral in its possession if the Collateral is accorded treatment substantially equal to that which the Administrative Agent accords its own property, which
shall be no less than the treatment employed by a reasonable and prudent agent in the industry, it being understood that the Administrative Agent shall not have responsibility for taking any necessary steps to preserve rights against any parties
with respect to any of the Collateral. In the event of a public or private sale of Collateral pursuant to Section 10 hereof, the Administrative Agent shall have no obligation to clean-up, repair or otherwise prepare the Collateral for sale.

  
 12. Application of Proceeds. After the exercise of
remedies by the Administrative Agent or the Lenders (other than the invocation of default interest pursuant to Section 2.9 of the Credit Agreement) pursuant to Section 7.2 of the Credit Agreement (or after the Commitments shall automatically
terminate and the Loans (with accrued interest thereon) and all other amounts 

  

 21 

 
under the Credit Documents (including without limitation the maximum amount of all contingent liabilities under Letters of Credit) shall automatically become
due and payable in accordance with the terms of such Section), any proceeds of the Collateral, when received by the Administrative Agent, any of the Lenders or any Hedging Agreement Provider in cash or its equivalent, will be applied in reduction of
the Secured Obligations in the order set forth in Section 2.12(b) of the Credit Agreement, and each Obligor irrevocably waives the right to direct the application of such payments and proceeds and acknowledges and agrees that the Administrative
Agent shall have the continuing and exclusive right to apply and reapply any and all such proceeds in the Administrative Agent’s sole discretion, notwithstanding any entry to the contrary upon any of its books and records. 
  
 13. Costs of Counsel. If at any time hereafter, whether upon the
occurrence of an Event of Default or not, the Administrative Agent employs counsel to prepare or consider amendments, waivers or consents with respect to this Security Agreement, or to take action or make a response in or with respect to any legal
or arbitral proceeding relating to this Security Agreement or relating to the Collateral, or to protect the Collateral or exercise any rights or remedies under this Security Agreement or with respect to the Collateral, then the Obligors agree to
promptly pay upon demand any and all such reasonable documented costs and expenses of the Administrative Agent, all of which costs and expenses shall constitute Secured Obligations hereunder. 
  
 14. Continuing Agreement. 
  
 (a) This Security Agreement shall be a continuing agreement
in every respect and shall remain in full force and effect so long as any of the Secured Obligations (other than contingent indemnity obligations that survive termination of the Credit Documents pursuant to the stated terms thereof) remain
outstanding, any Credit Document or Secured Hedging Agreement is in effect, and until all of the Commitments shall have been terminated. Upon such payment and termination, this Security Agreement shall be automatically terminated and the
Administrative Agent and the Lenders shall, upon the request and at the expense of the Obligors, forthwith release all of the Liens and security interests granted hereunder and shall execute and/or deliver all UCC termination statements and/or other
documents reasonably requested by the Obligors evidencing such termination. Notwithstanding the foregoing all releases and indemnities provided hereunder shall survive termination of this Security Agreement. 
  
 (b) This Security Agreement shall continue to be effective
or be automatically reinstated, as the case may be, if at any time payment, in whole or in part, of any of the Secured Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent or any Lender as a preference,
fraudulent conveyance or otherwise under any bankruptcy, insolvency or similar law, all as though such payment had not been made; provided that in the event payment of all or any part of the Secured Obligations is rescinded or must be
restored or returned, all reasonable costs and expenses (including without limitation any reasonable legal fees and disbursements) incurred by the Administrative Agent or any Lender in defending and enforcing such reinstatement shall be deemed to be
included as a part of the Secured Obligations. 
  

 22 

 15. Amendments; Waivers; Modifications. This Security Agreement and the provisions hereof may not
be amended, waived, modified, changed, discharged or terminated except as set forth in Section 9.1 of the Credit Agreement. 
  
 16. Successors in Interest. This Security Agreement shall create a continuing security interest in the Collateral and shall be binding upon each
Obligor, its successors and assigns and shall inure, together with the rights and remedies of the Administrative Agent and the Lenders hereunder, to the benefit of the Administrative Agent and the Lenders and their successors and permitted assigns;
provided, however, that none of the Obligors may assign its rights or delegate its duties hereunder without the prior written consent of each Lender or the Required Lenders, as required by the Credit Agreement. To the fullest extent permitted by
law, each Obligor hereby releases the Administrative Agent and each Lender, each of their respective officers, employees and agents and each of their respective successors and assigns, from any liability for any act or omission relating to this
Security Agreement or the Collateral, except for any liability arising from the gross negligence or willful misconduct of the Administrative Agent or such Lender or their respective officers, employees and agents, in each case as determined by a
court of competent jurisdiction. 
  
 17. Notices. All
notices required or permitted to be given under this Security Agreement shall be in conformance with Section 9.2 of the Credit Agreement. 
  
 18. Counterparts. This Security Agreement may be executed in any number of counterparts, each of which where so executed and delivered shall be an
original, but all of which shall constitute one and the same instrument. It shall not be necessary in making proof of this Security Agreement to produce or account for more than one such counterpart. Delivery of executed counterparts of the Security
Agreement by telecopy or electronic mail shall be effective as an original and shall constitute a representation that an original shall be delivered upon the request of the Administrative Agent. 
  
 19. Headings. The headings of the sections and subsections hereof are
provided for convenience only and shall not in any way affect the meaning, construction or interpretation of any provision of this Security Agreement. 
  
 20. Governing Law; Submission to Jurisdiction and Service of Process; Waiver of Jury Trial; Venue. THIS SECURITY AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK
GENERAL OBLIGATIONS LAW). The terms of Sections 9.14 and 9.17 of the Credit Agreement are incorporated herein by reference, mutatis mutandis, and the parties hereto agree to such terms. 
  

 23 

 21. Severability. If any provision of this Security Agreement is determined to be illegal, invalid
or unenforceable, such provision shall be fully severable and the remaining provisions shall remain in full force and effect and shall be construed without giving effect to the illegal, invalid or unenforceable provisions. 
  
 22. Entirety. This Security Agreement, the other Credit Documents and
the Secured Hedging Agreements represent the entire agreement of the parties hereto and thereto, and supersede all prior agreements and understandings, oral or written, if any, including any commitment letters or correspondence relating to this
Security Agreement, the other Credit Documents, the Secured Hedging Agreements or the transactions contemplated herein and therein. 
  
 23. Survival. All representations and warranties of the Obligors hereunder shall survive the execution and delivery of this Security Agreement, the
other Credit Documents and the Secured Hedging Agreements, the delivery of the Notes and the making of the Loans and the issuance of the Letters of Credit under the Credit Agreement. 
  
 24. Joint and Several Obligations of Obligors. 
  
 (a) Each of the Obligors is accepting joint and several liability hereunder in consideration of the
financial accommodations to be provided by the Lenders under the Credit Agreement, for the mutual benefit, directly and indirectly, of each of the Obligors and in consideration of the undertakings of each of the Obligors to accept joint and several
liability for the obligations of each of them. 
  
 (b) Each of the Obligors jointly and severally hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other Obligors with respect to the payment and performance
of all of the Secured Obligations arising under this Security Agreement, the other Credit Documents and the Secured Hedging Agreements, it being the intention of the parties hereto that all the Secured Obligations shall be the joint and several
obligations of each of the Obligors without preferences or distinction among them. 
  
 (c) Notwithstanding any provision to the contrary contained herein, in any other of the Credit Documents or in any Secured Hedging
Agreement, to the extent the obligations of an Obligor shall be adjudicated to be invalid or unenforceable for any reason (including, without limitation, because of any applicable state or federal law relating to fraudulent conveyances or transfers)
then the obligations of such Obligor hereunder shall be limited to the maximum amount that is permissible under applicable law (whether federal or state and including, without limitation, the Bankruptcy Code). 
  
 25. Rights of Required Lenders. All rights of the Administrative Agent
hereunder, if not exercised by the Administrative Agent, may be exercised by the Required Lenders. 
  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

 24 

 Each of the parties hereto has caused a counterpart of this Security Agreement to be duly executed and
delivered as of the date first above written. 
  

					
	BORROWER:	 	MORTON’S OF CHICAGO, INC.,
	 	 	an Illinois corporation
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 
		
	PARENT:	 	MORTON’S RESTAURANT GROUP, INC.,
	 	 	a Delaware corporation
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 
		
	GUARANTORS:	 	 PORTERHOUSE, INC.,
 a Delaware
corporation

		
	 	 	 MORTON’S OF CHICAGO/ATLANTA, INC.,
 an
Illinois corporation

		
	 	 	 MORTON’S OF CHICAGO/BUCKHEAD, INC.,
 a
Delaware corporation

		
	 	 	 MORTON’S OF CHICAGO/CHICAGO, INC.,
 a
Delaware corporation

		
	 	 	 MORTON’S OF CHICAGO/CINCINNATI, INC.,
 a
Delaware corporation

		
	 	 	 MORTON’S OF CHICAGO/CLAYTON, INC.,
 a
Delaware corporation

		
	 	 	 MORTON’S OF CHICAGO/CLEVELAND, INC.,
 an
Illinois corporation

		
	 	 	 MORTON’S OF CHICAGO/COLUMBUS INC.,
 a
Delaware corporation

		
	 	 	 MORTON’S OF CHICAGO/DALLAS, INC.,
 an
Illinois corporation

			
	 	 	CHICAGO STEAKHOUSE, INC.,
	 	 	a Texas corporation
		
	 	 	MORTON’S OF CHICAGO/DENVER, INC.,
	 	 	an Illinois corporation
		
	 	 	MORTON’S OF CHICAGO/DETROIT, INC.,
	 	 	a Delaware corporation
		
	 	 	MORTON’S OF CHICAGO/FIFTH AVENUE, INC.,
	 	 	a Delaware corporation
		
	 	 	MORTON’S OF CHICAGO/FLAMINGO ROAD CORP.,
	 	 	a Delaware corporation
		
	 	 	MORTON’S OF CHICAGO/HOUSTON, INC.,
	 	 	a Delaware corporation
		
	 	 	HOUSTON STEAKHOUSE, INC.,
	 	 	a Texas corporation
		
	 	 	MORTON’S OF CHICAGO/MINNEAPOLIS, INC.,
	 	 	a Delaware corporation
		
	 	 	MORTON’S OF CHICAGO/NASHVILLE, INC.,
	 	 	a Delaware corporation
		
	 	 	MORTON’S OF CHICAGO/PALM DESERT, INC.,
	 	 	a Delaware corporation
		
	 	 	MORTON’S OF CHICAGO/PHILADELPHIA, INC.,
	 	 	an Illinois corporation
		
	 	 	MORTON’S OF CHICAGO/PHOENIX, INC.,
	 	 	a Delaware corporation
		
	 	 	MORTON’S OF CHICAGO/PITTSBURGH, INC.,
	 	 	a Delaware corporation
		
	 	 	MORTON’S OF CHICAGO/PITTSBURGH LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/PORTLAND, INC.,
	 	 	a Delaware corporation

			
	 	 	 MORTON’S OF CHICAGO/PUERTO RICO, INC.,
 a Delaware
corporation

		
	 	 	 MORTON’S OF CHICAGO/ROSEMONT, INC.,
 an Illinois
corporation

		
	 	 	 MORTON’S OF CHICAGO/SACRAMENTO, INC.,
 a Delaware
corporation

		
	 	 	 MORTON’S OF CHICAGO/SAN ANTONIO, INC.,
 a Delaware
corporation

		
	 	 	 MORTON’S OF CHICAGO/SAN DIEGO, INC.,
 a Delaware
corporation

		
	 	 	 MORTON’S OF CHICAGO/SAN FRANCISCO, INC.,
 a Delaware
corporation

		
	 	 	 MORTON’S OF CHICAGO/SANTA ANA, INC.,
 a Delaware
corporation

		
	 	 	 MORTON’S OF CHICAGO/SCOTTSDALE, INC.,
 a Delaware
corporation

		
	 	 	 MORTON’S OF CHICAGO/SEATTLE, INC.,
 a Delaware
corporation

		
	 	 	 MORTON’S OF CHICAGO/VIRGINIA, INC.,
 an Illinois
corporation

		
	 	 	 MORTON’S OF CHICAGO/WASHINGTON D.C. INC.,
 a
Delaware corporation

		
	 	 	 MORTON’S OF CHICAGO/WASHINGTON SQUARE, INC.,
 a
Delaware corporation

		
	 	 	 MORTON’S OF CHICAGO/WESTBROOK, INC.,
 an Illinois
corporation

		
	 	 	 PORTERHOUSE OF LOS ANGELES, INC.,
 a Delaware
corporation

		
	 	 	 MOCGC CORP.,
 a Virginia corporation

			
	 	 	MORTON’S OF CHICAGO HOLDING, INC.,
	 	 	a Delaware corporation
		
	 	 	ARNIE MORTON’S OF CHICAGO/FIGUEROA LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO MARYLAND HOLDING, INC.,
	 	 	a Delaware corporation
		
	 	 	MORTON’S OF CHICAGO/BALTIMORE, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/BETHESDA LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/ANAHEIM, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/ATLANTIC CITY, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO FLORIDA HOLDING, INC.,
	 	 	a Delaware corporation
		
	 	 	MORTON’S OF CHICAGO/BOCA RATON, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/CORAL GABLES LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/MIAMI, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/NORTH MIAMI BEACH, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/ORLANDO, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/PALM BEACH, LLC,
	 	 	a Delaware limited liability company

			
	 	 	MORTON’S OF CHICAGO/BOSTON LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/CHARLOTTE LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/CRYSTAL CITY LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/DENVER CRESCENT TOWN CENTER, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/FORT LAUDERDALE, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/GREAT NECK LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/HACKENSACK LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/HARTFORD LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/HONOLULU LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/INDIANAPOLIS LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/JACKSONVILLE LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/KANSAS CITY LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/KING OF PRUSSIA LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/LOUISVILLE LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/NEW ORLEANS LLC,
	 	 	a Delaware limited liability company

			
	 	 	MORTON’S OF CHICAGO/NORTHBROOK, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/MCKINNEY LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/RESTON LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/RICHMOND LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/SCHAUMBURG LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/SOUTH PARK, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/STAMFORD LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/TROY, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/WACKER PLACE, LLC,
	 	 	a Delaware limited liability company
		
	 	 	MORTON’S OF CHICAGO/WHITE PLAINS LLC,
	 	 	a Delaware limited liability company
		
	 	 	ITALIAN RESTAURANTS HOLDING CORP.,
	 	 	a Delaware corporation
		
	 	 	BERTOLINI’S RESTAURANTS, INC.,
	 	 	a Delaware corporation
		
	 	 	BERTOLINI’S OF CIRCLE CENTRE, INC.,
	 	 	a Delaware corporation
		
	 	 	BERTOLINI’S/KING OF PRUSSIA, INC.,
	 	 	a Delaware corporation
		
	 	 	BERTOLINI’S OF LAS VEGAS, INC.,
	 	 	a Delaware corporation

					
	 	 	BERTOLINI’S AT VILLAGE SQUARE, INC.,
	 	 	a Delaware corporation
		
	 	 	SAN ANTONIO STEAKHOUSE, INC.,
	 	 	a Texas corporation
		
	 	 	ARNIE MORTON’S OF CHICAGO/BURBANK LLC,
	 	 	a Delaware limited liability company
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 

 Accepted and agreed to as of the date first above written. 
  

					
	 	 	WACHOVIA BANK, NATIONAL ASSOCIATION,
	 	 	as Administrative Agent
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 

 SCHEDULE 2(a)(iv) 
  
 COMMERCIAL TORT CLAIMS 
  
  
 None 

 SCHEDULE 4(a) 
  
 NAME CHANGES/CHANGES IN 
 CORPORATE STRUCTURE/TRADENAMES 
  
 None 

 SCHEDULE 5(a)-1 
  
 NOTICE 
  
 OF 
  
 GRANT OF SECURITY INTEREST 
  
 IN 
  
 COPYRIGHTS 
  
 United States Copyright Office 
  
 Gentlemen: 
  
 Please be advised that pursuant to the Security Agreement dated as of
February     , 2006 (as the same may be amended, modified, extended or restated from time to time, the “Security Agreement”) by and among the Obligors party thereto (each an “Obligor” and
collectively, the “Obligors”) and Wachovia Bank, National Association, as Administrative Agent (the “Administrative Agent”) for the lenders referenced therein (the “Lenders”), the undersigned
Obligor has granted a continuing security interest in and continuing lien upon, the copyrights and copyright applications shown below to the Administrative Agent for the ratable benefit of the Lenders: 
  
             COPYRIGHTS 
  

					
	 Copyright No.

	  	 Description of

 Copyright

	  	 Date of Copyright

	 	  	 	  	 
	 	  	 	  	 

  
  
             COPYRIGHT APPLICATIONS 
  

					
	 Copyright Application No.

	  	 Description of Copyright

 Applied For

	  	 Date of Copyright
 Application

	 	  	 	  	 
	 	  	 	  	 

 The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that
the security interest in the foregoing copyrights and copyright applications (i) may only be terminated in accordance with the terms of the Security Agreement and (ii) is not to be construed as an assignment of any copyright or copyright
application. 
  

			
	 Very truly yours,

	
	  

 [Obligor]

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  
 Acknowledged and Accepted: 
  

			
	 WACHOVIA BANK, NATIONAL ASSOCIATION,

	 as Administrative Agent

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

 SCHEDULE 5(a)-2 
  
 NOTICE 
  
 OF 
  
 GRANT OF SECURITY INTEREST 
  
 IN 
  
 PATENTS 
  
 United States Patent and Trademark Office 
  
 Gentlemen: 
  
 Please be advised that pursuant to the Security Agreement dated as of
February     , 2006 (the “Security Agreement”) by and among the Obligors party thereto (each an “Obligor” and collectively, the “Obligors”) and Wachovia Bank, National
Association, as Administrative Agent (the “Administrative Agent”) for the lenders referenced therein (the “Lenders”), the undersigned Obligor has granted a continuing security interest in and continuing lien upon,
the patents and patent applications shown below to the Administrative Agent for the ratable benefit of the Lenders: 
  
             PATENTS 
  

					
	 Patent No.

	  	 Description of
 Patent

	  	 Date of Patent

	 	  	 	  	 
	 	  	 	  	 

  
  
             PATENT APPLICATIONS 
  

					
	 Patent Application No.

	  	 Description of Patent
 Applied For

	  	 Date of Patent
 Application

	 	  	 	  	 
	 	  	 	  	 

  
  

 The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that
the security interest in the foregoing patents and patent applications (i) may only be terminated in accordance with the terms of the Security Agreement and (ii) is not to be construed as an assignment of any patent or patent application.

  

			
	Very truly yours,
	
	  

	[Obligor]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Acknowledged and Accepted:

  

			
	 WACHOVIA BANK, NATIONAL ASSOCIATION,

	 as Administrative Agent

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 2 

 SCHEDULE 5(a)-3 
  
 NOTICE 
  
 OF 
  
 GRANT OF SECURITY INTEREST 
  
 IN 
  
 TRADEMARKS 
  
 United States Patent and Trademark Office 
  
 Gentlemen: 
  
 Please be advised that pursuant to the Security Agreement dated as of February     , 2006 (the
“Security Agreement”) by and among the Obligors party thereto (each an “Obligor” and collectively, the “Obligors”) and Wachovia Bank, National Association, as Administrative Agent (the
“Administrative Agent”) for the lenders referenced therein (the “Lenders”), the undersigned Obligor has granted a continuing security interest in and continuing lien upon, the trademarks and trademark applications
shown below to the Administrative Agent for the ratable benefit of the Lenders: 
  
         TRADEMARKS 
  

					
	 Trademark No.

	  	 Description of

 Trademark

	  	 Date of Trademark

	 	  	 	  	 
	 	  	 	  	 

  
  
         TRADEMARK APPLICATIONS 
  

					
	 Trademark Application No.

	  	 Description of Trademark

 Applied For

	  	 Date of Trademark
 Application

	 	  	 	  	 
	 	  	 	  	 

 The Obligors and the Administrative Agent, on behalf of the Lenders, hereby acknowledge and agree that
the security interest in the foregoing trademarks and trademark applications (i) may only be terminated in accordance with the terms of the Security Agreement and (ii) is not to be construed as an assignment of any trademark or trademark
application. 
  

			
	Very truly yours,
	
	  

	[Obligor]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  
 Acknowledged and Accepted:

  

			
	 WACHOVIA BANK, NATIONAL ASSOCIATION,

	 as Administrative Agent

		
	 By:
	 	  

	 Name:
	 	  

	 Title:
	 	  

  

 2

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