Document:

First Amendment to Rights Agreement

 Exhibit 4.1 
 EXECUTION VERSION 
 FIRST AMENDMENT TO THE RIGHTS AGREEMENT

 BETWEEN 
 J. ALEXANDER’S CORPORATION 
 AND 

COMPUTERSHARE TRUST COMPANY, N.A. 
 THIS FIRST AMENDMENT TO THE RIGHTS AGREEMENT (this “Amendment”) is made as of June 22, 2012, between J. Alexander’s Corporation, a Tennessee corporation (the
“Company”), and Computershare Trust Company, N.A., a federally chartered trust company (the “Rights Agent”). Capitalized terms used but not otherwise defined in this Amendment shall have the meanings given them in
the Rights Agreement. 
 WHEREAS, the Company and the Rights Agent are parties to that certain Rights Agreement, dated as
of March 5, 2012 (the “Rights Agreement”); 
 WHEREAS, the Company is contemplating entering into
an Agreement and Plan of Merger (as the same may be amended from time to time, the “Merger Agreement”), by and among the Company, Fidelity National Financial, Inc., a Delaware corporation (“Parent”), Fidelity
Newport Holdings, LLC, a Delaware limited liability company (“Operating Company”), American Blue Ribbon Holdings, Inc., a Delaware corporation and an indirect, majority-owned subsidiary of Parent (“Purchaser”), and
Athena Merger Sub, Inc., a Tennessee corporation and direct, wholly owned subsidiary of Purchaser (“Merger Sub”), pursuant to which Merger Sub will be merged with and into the Company with the Company as the surviving corporation
thereof (the “Merger”); 
 WHEREAS, the Board of Directors of the Company has approved the Merger
Agreement and the Merger and determined that an amendment to the Rights Agreement as set forth herein is desirable in connection with the execution and delivery of the Merger Agreement, and the Company and the Rights Agent desire to evidence such
amendment in writing; 
 WHEREAS, upon the execution and delivery of the Merger Agreement, Parent, Operating Company,
Purchaser, Merger Sub and/or their Associates and Affiliates may be deemed to be Acquiring Persons under the Rights Agreement, which would trigger certain events pursuant to the terms of the Rights Agreement; and 

WHEREAS, pursuant to Section 27 of the Rights Agreement, the Board of Directors of the Company has approved this Amendment
and authorized its appropriate officers to execute and deliver the same to the Rights Agent. 
 NOW, THEREFORE, in
consideration of the promises and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Amendment of Section 1(a): Definition of “Acquiring Person.” The definition of “Acquiring Person” set
forth in Section 1(a) of the Rights Agreement is hereby amended by adding the following sentence to the end of that definition: 

 “Notwithstanding anything in this Agreement to the contrary, no Person shall become an
Acquiring Person by reason of (i) the execution and delivery of the Merger Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or
the public announcement of any of the foregoing, or (ii) the consummation of the transactions contemplated thereby, including the Merger.” 
 2. Amendment of Section 1(h): Definition of “Distribution Date.” The definition of “Distribution Date” set forth in Section 1(h) of the Rights Agreement is hereby
deleted and restated in its entirety as follows: 
 “‘Distribution Date’ shall have the meaning set forth
in Section 3(a) hereof; provided, however, that, notwithstanding anything in this Agreement to the contrary, a Distribution Date shall not be deemed to have occurred by reason of (i) the execution and delivery of the Merger
Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the public announcement of any of the foregoing, or (ii) the consummation
of the transactions contemplated thereby, including the Merger.” 
 3. Amendment of Section 1(z): Definition of
“Shares Acquisition Date.” The definition of “Shares Acquisition Date” set forth in Section 1(z) of the Rights Agreement is hereby amended by adding the following sentence to the end of that definition: 

“Notwithstanding anything in this Agreement to the contrary, a Shares Acquisition Date shall not be deemed to have occurred by reason
of (i) the execution and delivery of the Merger Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the public announcement of
any of the foregoing, or (ii) the consummation of the transactions contemplated thereby, including the Merger.” 
 4.
Amendment of Section 1: Other Definitions. Section 1 of the Rights Agreement is hereby further amended by adding the following subparagraphs at the end thereof: 

(ee) “Amendment” shall mean the First Amendment to the Rights Agreement, dated as of June 22, 2012,
between the Company and the Rights Agent. 
 (ff) “Merger” shall have the meaning set forth in
Section 35 hereof. 
 (gg) “Merger Agreement” shall have the meaning set forth in
Section 35 hereof. 
 (hh) “Merger Sub” shall have the meaning set forth in Section 35
hereof. 

 (ii) “Operating Company” shall have the meaning set forth
in Section 35 hereof. 
 (jj) “Parent” shall have the meaning set forth in Section 35
hereof. 
 (kk) “Purchaser” shall have the meaning set forth in Section 35 hereof.

 5. Amendment of Section 11(a)(ii). Section 11(a)(ii) of the Rights Agreement is hereby amended by adding the
following sentence to the end thereof: 
 “Notwithstanding anything in this Agreement to the contrary, neither (i) the
execution and delivery of the Merger Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the public announcement of any of the
foregoing, nor (ii) the consummation of the transactions contemplated thereby, including the Merger, shall be deemed to be an event described in this Section 11(a)(ii) or cause the Rights to be adjusted or to become exercisable in
accordance with this Section 11 or otherwise.” 
 6. Amendment of Section 13. Section 13 of the
Rights Agreement is hereby amended by adding the following sentence to the end thereof: 
 “Notwithstanding anything in this
Agreement to the contrary, neither the execution and delivery of the Merger Agreement (or any amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the
public announcement of any of the foregoing, nor (ii) the consummation of the transactions contemplated thereby, including the Merger, shall be deemed to be an event described in this Section 13 or cause the Rights to be adjusted or to
become exercisable in accordance with this Section 13 or otherwise.” 
 7. Amendment of Section 25.
Section 25 of the Rights Agreement is hereby amended by adding the following sentence to the end thereof: 

“Notwithstanding anything in this Agreement to the contrary, neither the execution and delivery of the Merger Agreement (or any
amendment thereto), or of any agreement or document contemplated by the Merger Agreement or in furtherance of the transactions contemplated thereby, or the public announcement of any of the foregoing, nor (ii) the consummation of the
transactions contemplated thereby, including the Merger, shall be deemed to be an event requiring any notice described in this Section 25.” 
 8. Addition of Section 35. The Rights Agreement is hereby further modified, supplemented and amended in by adding the following new Section 35: 

 “Section 35. Merger with [Merger Sub]. The Company, Fidelity
National Financial, Inc., a Delaware corporation (“Parent”), Fidelity Newport Holdings, LLC, a Delaware limited liability company (“Operating Company”), American Blue Ribbon Holdings, Inc., a Delaware corporation
and an indirect, majority-owned subsidiary of Parent (“Purchaser”), and Athena Merger Sub, Inc., a Tennessee corporation and direct, wholly owned subsidiary of Purchaser (“Merger Sub”), have entered into an
Agreement and Plan of Merger, dated as of June 22, 2012, (as it may be amended from time to time, the “Merger Agreement”) pursuant to which the Company agrees, among other things, to merge with Merger Sub, with the Company being the
surviving entity and a wholly owned subsidiary of Parent following the consummation of the merger, according to the terms and conditions set forth in the Merger Agreement (the “Merger”). Notwithstanding anything in this Agreement to
the contrary, if the Merger Agreement shall be terminated for any reason, then all of the amendments to this Agreement effected by the Amendment shall be deemed repealed and deleted without any further action on the part of the Company or the Rights
Agent, and the Company will promptly notify the Rights Agent of such repeal and deletion.” 
 9. Effectiveness. This
Amendment shall be deemed effective as of, and immediately prior to, the execution and delivery of the Merger Agreement, and the Company will promptly notify the Rights Agent of effective date of this Amendment. The Rights Agreement, as amended by
this Amendment, shall remain in full force and effect in accordance with its terms and shall be otherwise unaffected hereby. 

10. Successors. All the covenants and provisions of this Amendment by or for the benefit of the Company or the Rights Agent shall
bind and inure to the benefit of their respective successors or assigns hereunder. 
 11. Benefits of this Amendment.
Nothing in this Amendment shall be construed to give to any Person other than the Company, the Rights Agent and the registered holders of the Right Certificates (and, prior to the Distribution Date, the associated Common Shares) any legal or
equitable right, remedy or claim under this Amendment or the Rights; but this Amendment shall be for the sole and exclusive benefit of the Company, the Rights Agent and the registered holders of the Rights (and, prior to the Distribution Date, the
associated Common Shares). 
 12. Severability. The invalidity or unenforceability of any term or provision hereof shall
not affect the validity or enforceability of any other term or provision hereof. If any term, provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable,
the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain in full force and effect and shall in no way be affected, impaired or invalidated. 

13. Governing Law. This Amendment shall be deemed to be a contract made under the laws of the State of Tennessee and for all
purposes shall be governed by and construed in accordance with the laws of said State applicable to contracts to be made and performed entirely within said State, except that the rights, duties, and obligations of the Rights Agent shall be governed
by, and construed in accordance with, the laws of the Commonwealth of Massachusetts applicable to contracts to be made and performed entirely within such state. 

 14. Counterparts. This Amendment may be executed in any number of counterparts and
each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. A signature to this Amendment transmitted electronically shall have the same
authority, effect, and enforceability as an original signature. 
 [Remainder of Page Intentionally Left Blank]

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed
and attested, all as of the day and year first above written. 
  

									
	Attest:	 		 	J. ALEXANDER’S CORPORATION
					
	By:	 	/s/ J. Michael Moore	 		 	By:	 	/s/ Lonnie J. Stout II
	Name:	 	J. Michael Moore	 		 	Name:	 	Lonnie J. Stout II
	Title:	 	Vice-President	 		 	Title:	 	Chairman, President and Chief Executive Officer
			
	Attest:	 		 	COMPUTERSHARE TRUST COMPANY, N.A
					
	By:	 	/s/ Douglas Ives	 		 	By:	 	/s/ Charles V. Rossi
	Name:	 	Douglas Ives	 		 	Name:	 	Charles V. Rossi
	Title:	 	Relationship Manager	 		 	Title:	 	Executive Vice PresidentLetter Agreement, Lonnie J. Stout II

 Exhibit 10.1 
 J. ALEXANDER’S CORPORATION 
 Lonnie J. Stout II 

Nashville, TN 
 Dear Lonnie: 

This letter describes changes to your Salary Continuation Agreement dated as of December 26, 2008 (the “Salary Continuation
Agreement”), your Employment Agreement dated as of December 26, 2008 (the “Employment Agreement”) and your Severance Benefit Agreement dated as of September 13, 1989 (the “Severance Agreement”),
in each case between you and J. Alexander’s Corporation, a Tennessee corporation (the “Corporation”). Such changes shall be contingent upon the occurrence of, and effective at, the Effective Time (as defined in that certain
Agreement and Plan of Merger, dated as of June 22, 2012, by and among Fidelity National Financial, Inc. (“Parent”), Fidelity Newport Holdings, LLC (“Operating Company”) (for the limited purposes set forth
therein), American Blue Ribbon Holdings, Inc. (“Purchaser”), Athena Merger Sub, Inc. (“Merger Sub”) and the Corporation (the “Merger Agreement”)). 

Pursuant to the Merger Agreement and the other transaction agreements contemplated thereby, the Corporation will merge with Merger Sub and become a
wholly owned subsidiary of Purchaser, and the assets and liabilities of the Corporation, including the Salary Continuation Agreement, Employment Agreement and Severance Agreement, will be assigned to and assumed by a newly formed subsidiary of the
Corporation (“Successor”) that itself, in turn, will be transferred to the Operating Company. After the consummation of these transactions, the business of the Corporation will be conducted by the Successor and its subsidiaries,
which will operate as the upscale dining division of the Operating Company and additional upscale dining establishments may be added to such division from time to time. 
  

	 	1.	Amendment of Definition of “Base Salary” in SCA. The definition of “Base Salary” under Section 2.a. of your Salary Continuation
Agreement is amended, effective as of the Effective Time by addition of the following clause at the end thereof: 

; provided, however, that in the event of the closing of the merger of the Company and Athena Merger Sub, Inc. (“Merger
Sub”) pursuant to that certain Agreement and Plan of Merger dated as of June 22, 2012, by and among Fidelity National Financial, Inc., Fidelity Newport Holdings, LLC, American Blue Ribbon Holdings, Inc. (“Purchaser”),
Merger Sub and J. Alexander’s Corporation (the “Merger Agreement”), for purposes of determining the benefits and payments hereunder, the amount of Base Salary shall be fixed as of the date of the merger and thereafter the Base
Salary for purposes hereof shall not be subject to any increase or decrease. 
  

	 	2.	Amendment to Suspend/Terminate Certain SCA Obligations. Section 7 of the Salary Continuation Agreement is amended, effective as of the Effective Time, to
add the following new sentences at the end thereof to read as follows: 

 Notwithstanding any other provision in
this Agreement, the obligations of the Corporation under this Section 7 shall be suspended during the period that all of the guarantees required under Section 16 of this Agreement are in effect. In the

 
event that the Indirect LLC Beneficial Ownership (as defined below) of the Class B Permitted Holders (as defined below) is less than 40% at any time, then all of the Corporation’s
obligations under this Section 7, including, without limitation, the Corporation’s obligation to establish a rabbi trust with funds provided by the Corporation and the Corporation’s obligation to make contributions to such
trust, shall resume and be effective from and after such time, and the guarantee by Fidelity National Financial, Inc. set forth in Section 6 of that certain letter agreement, dated June 22, 2012, shall terminate, be released and be of no
further force and effect upon the establishment of a rabbi trust in conformity with the provisions of this Section 7. 
 For purposes of this Agreement: (a) “Class B Permitted Holders” means any of Fidelity National Special Opportunities, Inc. (including any successor thereto) and any of its affiliates
(but only for as long as such persons are affiliates); (b) “Indirect LLC Beneficial Ownership” means, with respect to the Class B Permitted Holders at any given time, a percentage, calculated by dividing (i) the sum
of (A) the number of LLC Units then directly owned by all Class B Permitted Holders and (B) the number of shares of Class A/B common stock of Purchaser then directly owned by all Class B Permitted Holders, by (ii) the total
number of LLC Units then issued and outstanding; and (c) “LLC Units” has the meaning set forth in the amended and restated limited liability company agreement contemplated by the Merger Agreement. 

 

	 	3.	Certain Amendments to Employment Agreement. Section 9(f)(i) of the Employment Agreement will be deleted and replaced with the following, effective as of the
Effective Time: 

  

	 	(i)	 A material reduction by the Company in the Executive’s title or position, or a material reduction by the Company in the Executive’s
authority, duties or responsibilities (including, without limitation, Executive no longer serving on the Company’s board of directors), or the assignment by the Company to the Executive of any duties or responsibilities that are materially
inconsistent with such title, position, authority, duties or responsibilities; provided, however, that in the event of the closing of the acquisition of the Company by American Blue Ribbon Holdings, Inc. (“Purchaser”) pursuant to
the terms and conditions of that certain Agreement and Plan of Merger, dated as of June 22, 2012, by and among the Company, Fidelity National Financial, Inc., Purchaser, Athena Merger Sub, Inc. and Fidelity Newport Holdings, LLC (the
“Merger”), the assignment of the Executive to a position at the Operating Company in its main corporate office in Nashville, Tennessee, or upscale dining division office in Nashville, Tennessee, with similar duties and
responsibilities as the Executive’s duties and responsibilities prior to the Merger (except as modified as a result of changes described in clauses (i), (ii) and (iii) of this sentence below) and substantially similar salary and

  
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benefits or their equivalent value (with equity to be appropriate to his level in the organization) as the Executive’s salary and benefits prior to the Merger, will not be deemed to
constitute a material reduction in title, position, authority, duties or responsibilities, or the assignment of duties or responsibilities that are materially inconsistent with the Executive’s title, position, authority, duties or
responsibilities prior to the Merger, even in the event of (i) any change in Executive’s title or position to an appropriate position with the upscale dining division of the Operating Company, (ii) any change in the person or persons
to whom Executive reports, and/or (iii) the fact that Executive is no longer an executive officer of a public company. 

  

	 	4.	Certain Amendments to Severance Agreement. A proviso will be added at the end of Section 3(iv) of the Severance Agreement, effective as of the Effective
Time, as follows: 

 provided, however, that in the event of the closing of the acquisition of the Company by
American Blue Ribbon Holdings, Inc. (“Purchaser”) pursuant to the terms and conditions of that certain Agreement and Plan of Merger, dated as of June 22, 2012, by and among the Company, Fidelity National Financial, Inc.,
Purchaser, Athena Merger Sub, Inc. and Fidelity Newport Holdings, LLC (the “Merger”), the assignment of the Executive to a position at Fidelity Newport Holdings, LLC in its main corporate office in Nashville, Tennessee, or upscale
dining division office in Nashville, Tennessee, with similar duties and responsibilities as your duties and responsibilities prior to the Merger (except as modified as a result of changes described in clauses (i), (ii) and (iii) of this
sentence below), and substantially similar salary and benefits or their equivalent value (with equity to be appropriate to his level in the organization) as your salary and benefits prior to the Merger, will not be deemed to constitute a change in
your present responsibilities, even in the event of (i) any change in your title or position to an appropriate position with the upscale dining division of the Operating Company, (ii) any change in the person or persons to whom you report,
and/or (iii) the fact that you are no longer an executive officer of a public company. 
  

	 	5.	Certain Omnibus Amendments. Each of the Salary Continuation Agreement, Employment Agreement and Severance Agreement shall be amended, effective as of the
Effective Time, to provide as follows: 

 Each reference to the “Corporation” herein shall be deemed to
refer solely to J. Alexander’s Corporation and its successors and permitted assigns. 
  

	 	6.	 Guarantee. Each of Parent and Purchaser shall, and hereby does, contingent on the occurrence of, and effective upon, the Effective Time,
guarantee the performance of the obligations of the Successor under the Salary Continuation Agreement until such time as the Indirect LLC Beneficial Ownership of the Class B Permitted holders is less than 40%,

  
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whereupon (a) the Successor’s obligations under Section 7 of the Salary Continuation Agreement shall resume and again be effective and (b) as to the Parent, this guarantee
shall terminate, be released and be of no further force and effect upon the Successor’s establishment of a rabbi trust in conformity with the provisions of such Section 7 of the Salary Continuation Agreement, and the guarantee of Purchaser
shall continue in effect. Parent and Purchaser each hereby waives diligence, presentment, demand of performance, filing of any claim, any right to require any proceeding first against the Corporation or the Successor, protest, notice and all demands
whatsoever in connection with the performance of its obligations set forth in this Section 6. If Executive so requests, the rabbi trust shall be established with the Successor’s funds at the Purchaser or Fidelity Newport Holdings,
LLC level. 
 For purposes of this Agreement: (a) “Class B Permitted Holders” means any of Fidelity
National Special Opportunities, Inc. (including any successor thereto) and any of its affiliates (but only for as long as such persons are affiliates); (b) “Indirect LLC Beneficial Ownership” means, with respect to the Class B
Permitted Holders at any given time, a percentage, calculated by dividing (i) the sum of (A) the number of LLC Units then directly owned by all Class B Permitted Holders and (B) the number of shares of Class A/B common stock of
Purchaser then directly owned by all Class B Permitted Holders, by (ii) the total number of LLC Units then issued and outstanding; and (c) “LLC Units” has the meaning set forth in the amended and restated limited
liability company agreement contemplated by the Merger Agreement. 
  

	 	7.	Continuing Force and Effect. Other than the amendments specifically agreed herein, the Salary Continuation Agreement, Employment Agreement and Severance
Agreement remain in full force and effect. 

  

	 	8.	Severability. If any provision of this letter agreement or the application of any such provision to any party or circumstances will be determined by any court of
competent jurisdiction to be invalid and unenforceable to any extent, the remainder of this letter agreement or the application of such provision to such person or circumstances other than those to which it is so determined to be invalid and
unenforceable, will not be affected thereby, and each provision hereof will be validated and will be enforced to the fullest extent permitted by law. 

  

	 	9.	Governing Law. This letter agreement will be governed by and construed under the internal laws of the State of Tennessee, without regard to its conflict of laws
principles. 

  

	 	10.	Jurisdiction and Venue. This letter agreement will be deemed performable by all parties in, and venue will exclusively be in the state or federal courts located
in the State of Tennessee. Each party hereto and future signatory hereby consents to the personal jurisdiction of these courts and waive any objections that such venue is objectionable or improper. 

 

	 	11.	Headings. All descriptive headings of Sections and paragraphs in this letter agreement are intended solely for convenience, and no provision of this letter
agreement is to be construed by reference to the heading of any section or paragraph. 

  
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	 	12.	Counterparts. This letter agreement may be executed in counterparts, each of which will be deemed an original, but all of which together will constitute one and
the same instrument. 

  

	 	13.	Acknowledgement. By signing below, Parent, Operating Company and Purchaser hereby acknowledge that you have given up significant potential value by fixing the
definition of Base Salary in Section 1 above. 

 If you agree to the amendments to your Salary Continuation Agreement,
Employment Agreement and Severance Agreement set forth above, please sign as indicated on the following page and return a signed copy to the Corporation and to Brent Bickett. 

  
 5 

 In Witness Whereof, the parties hereto have executed this Letter Agreement effective as of the date set
forth above. 
  

			
	J. ALEXANDER’S CORPORATION
		
	By:	 	/s/ J. Michael Moore
		 	 Name:  J. Michael Moore

		 	 Title:    Vice President

 Acknowledged and Agreed this 22nd day of June 2012, by: 
 /s/ Lonnie J. Stout II                         

Lonnie J. Stout II 

  
 [Signature
Page to Letter Agreement (Lonnie Stout)] 

 Acknowledged and Agreed (solely in respect of Sections 6 and 13 above)
this 22nd day of June 2012, by: 

 

			
	FIDELITY NEWPORT HOLDINGS, LLC
		
	By:	 	/s/ Hazem Ouf
		 	 Name:  Hazem Ouf

		 	 Title:    Chief Executive Officer

  
 [Signature
Page to Letter Agreement (Lonnie Stout)] 

 Acknowledged and Agreed (solely in respect of Sections 6 and 13 above)
this 22nd day of June 2012, by: 

 

			
	FIDELITY NATIONAL FINANCIAL, INC.
		
	By:	 	/s/ Michael L. Gravelle
		 	 Name:  Michael L. Gravelle

		 	 Title:    Executive Vice President, General Counsel

		 	    and Corporate Secretary

  
 [Signature
Page to Letter Agreement (Lonnie Stout)] 

 Acknowledged and Agreed (solely in respect of Sections 6 and 13 above)
this 22nd day of June 2012, by: 

 

			
	AMERICAN BLUE RIBBON HOLDINGS, INC.
		
	By:	 	/s/ Goodloe Partee
		 	 Name:  Goodloe Partee

		 	 Title:    Authorized Person

  
 [Signature
Page to Letter Agreement (Lonnie Stout)]

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