Document:

Form of Subordinated Indenture

 Exhibit 4.8 
  
  
  
 RUTH’S HOSPITALITY GROUP, INC. 
 and 
 THE GUARANTORS PARTY HERETO 
 to

 WELLS FARGO BANK, NATIONAL ASSOCIATION 
 Trustee 
  
  
 INDENTURE 
  
  
 Dated as of [            ] 
 SUBORDINATED DEBT SECURITIES 
  
  
  

 RUTH’S HOSPITALITY GROUP, INC. 
 Certain Sections of this Indenture relating to Sections 310 
 through 318, inclusive, of
the Trust Indenture Act of 1939 
  

			
	 Trust Indenture Act Section
	  	 Indenture Section

	 Section 3.10(a)(1)
	  	6.09
	 (a)(2)
	  	6.09
	 (a)(3)
	  	Not Applicable
	 (a)(4)
	  	Not Applicable
	 (b)
	  	6.08
	 Section 3.11(a)
	  	6.13
	 (b)
	  	6.13
	 Section 3.12(a)
	  	7.01
		  	7.02
	 (b)
	  	7.02
	 (c)
	  	7.02
	 Section 3.13(a)
	  	7.03
	 (b)
	  	7.03
	 (c)
	  	7.03
	 (d)
	  	7.03
	 Section 3.14(a)
	  	7.04
	 (a)(4)
	  	1.01
	 (b)
	  	Not Applicable
	 (c)(1)
	  	1.02
	 (c)(2)
	  	1.02
	 (c)(3)
	  	Not Applicable
	 (d)
	  	Not Applicable
	 (e)
	  	1.02
	 Section 3.15(a)
	  	6.01
	 (b)
	  	6.02
	 (c)
	  	6.01
	 (d)
	  	6.01
	 (e)
	  	5.14
	 Section 3.16(a)
	  	1.01
	 (a)(1)(A)
	  	5.02
		  	5.12
	 (a)(1)(B)
	  	5.13
	 (a)(2)
	  	Not Applicable
	 (b)
	  	5.08
	 (c)
	  	1.04
	 Section 3.17(a)(1)
	  	5.03
	 (a)(2)
	  	5.04
	 (b)
	  	10.03
	 Section 3.18(a)
	  	1.07

 Note: This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

 

 i 

 Table of Contents 
  

							
	 	 	 	  	 	  	Page
		
	 ARTICLE I DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	  	1
		 	Section 1.01.	  	Definitions	  	1
		 	Section 1.02.	  	Compliance Certificates and Opinions	  	11
		 	Section 1.03.	  	Form of Documents Delivered to Trustee	  	11
		 	Section 1.04.	  	Acts of Holders; Record Dates	  	12
		 	Section 1.05.	  	Notices, Etc., to Trustee, Company, Guarantors and Holders	  	14
		 	Section 1.06.	  	Conflict with Trust Indenture Act	  	15
		 	Section 1.07.	  	Effect of Headings and Table of Contents	  	15
		 	Section 1.08.	  	Successors and Assigns	  	15
		 	Section 1.09.	  	Separability Clause	  	15
		 	Section 1.10.	  	Benefits of Indenture	  	15
		 	Section 1.11.	  	Governing Law	  	15
		 	Section 1.12.	  	Legal Holidays	  	15
		 	Section 1.13.	  	No Adverse Interpretation of Other Agreements	  	16
		 	Section 1.14.	  	No Personal Liability of Directors, Officers, Employees and Stockholders	  	16
		 	Section 1.15.	  	Language of Notices, Etc	  	16
		 	Section 1.16.	  	Force Majeure	  	16
		 	Section 1.17.	  	Waiver of Jury Trial	  	16
		 	Section 1.18.	  	U.S.A. Patriot Act	  	16
		
	 ARTICLE II SECURITY FORM
	  	17
		 	Section 2.01.	  	Forms Generally	  	17
		 	Section 2.02.	  	Form of Face of Security	  	17
		 	Section 2.03.	  	Form of Reverse of Security	  	19
		 	Section 2.04.	  	Form of Legend for Global Securities	  	23
		 	Section 2.05.	  	Form of Trustee’s Certificate of Authentication	  	23
		
	 ARTICLE III THE SECURITIES
	  	23
		 	Section 3.01.	  	Amount Unlimited; Issuable in Series	  	23
		 	Section 3.02.	  	Denominations	  	27
		 	Section 3.03.	  	Execution, Authentication, Delivery and Dating	  	27
		 	Section 3.04.	  	Temporary Securities	  	29
		 	Section 3.05.	  	Registration, Registration of Transfer and Exchange	  	30
		 	Section 3.06.	  	Mutilated, Destroyed, Lost and Wrongfully Taken Securities	  	32
		 	Section 3.07.	  	Payment of Interest; Interest Rights Preserved.	  	33
		 	Section 3.08.	  	Persons Deemed Owners	  	34
		 	Section 3.09.	  	Cancellation	  	34
		 	Section 3.10.	  	Computation of Interest	  	35
		 	Section 3.11.	  	CUSIP Numbers	  	35

  

 ii 

							
	 ARTICLE IV SATISFACTION AND DISCHARGE
	  	35
		 	Section 4.01.	  	Satisfaction and Discharge of Indenture	  	35
		 	Section 4.02.	  	Application of Trust Money	  	36
		
	 ARTICLE V REMEDIES
	  	36
		 	Section 5.01.	  	Events of Default	  	36
		 	Section 5.02.	  	Acceleration of Maturity; Rescission and Annulment	  	38
		 	Section 5.03.	  	Collection of Indebtedness and Suits for Enforcement by Trustee	  	39
		 	Section 5.04.	  	Trustee May File Proofs of Claim	  	40
		 	Section 5.05.	  	Trustee May Enforce Claims Without Possession of Securities	  	40
		 	Section 5.06.	  	Application of Money Collected	  	40
		 	Section 5.07.	  	Limitation on Suits	  	41
		 	Section 5.08.	  	Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert	  	41
		 	Section 5.09.	  	Restoration of Rights and Remedies	  	41
		 	Section 5.10.	  	Rights and Remedies Cumulative	  	42
		 	Section 5.11.	  	Delay or Omission Not Waiver	  	42
		 	Section 5.12.	  	Control by Holders	  	42
		 	Section 5.13.	  	Waiver of Past Defaults	  	42
		 	Section 5.14.	  	Undertaking for Costs	  	43
		 	Section 5.15.	  	Waiver of Usury, Stay or Extension Laws	  	43
		
	 ARTICLE VI THE TRUSTEE
	  	43
		 	Section 6.01.	  	Certain Duties and Responsibilities	  	43
		 	Section 6.02.	  	Notice of Defaults	  	44
		 	Section 6.03.	  	Certain Rights of Trustee	  	45
		 	Section 6.04.	  	Not Responsible for Recitals or Issuance of Securities	  	46
		 	Section 6.05.	  	May Hold Securities	  	46
		 	Section 6.06.	  	Money Held in Trust	  	46
		 	Section 6.07.	  	Compensation and Reimbursement	  	47
		 	Section 6.08.	  	Conflicting Interests	  	47
		 	Section 6.09.	  	Corporate Trustee Required; Eligibility	  	47
		 	Section 6.10.	  	Resignation and Removal; Appointment of Successor	  	48
		 	Section 6.11.	  	Acceptance of Appointment by Successor	  	49
		 	Section 6.12.	  	Merger, Conversion, Consolidation or Succession to Business	  	50
		 	Section 6.13.	  	Preferential Collection of Claims Against Company	  	50
		 	Section 6.14.	  	Appointment of Authenticating Agent	  	51
		
	 ARTICLE VII HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
	  	52
		 	Section 7.01.	  	Company to Furnish Trustee Names and Addresses of Holders	  	52
		 	Section 7.02.	  	Preservation of Information; Communications to Holders	  	52
		 	Section 7.03.	  	Reports by Trustee	  	53
		 	Section 7.04.	  	Reports by Company	  	53
		
	 ARTICLE VIII CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
	  	53
		 	Section 8.01.	  	Company May Consolidate, Etc., Only on Certain Terms	  	53
		 	Section 8.02.	  	Successor Substituted	  	54

  

 iii 

							
	 ARTICLE IX SUPPLEMENTAL INDENTURES
	  	54
		 	Section 9.01.	  	Supplemental Indentures Without Consent of Holders	  	54
		 	Section 9.02.	  	Supplemental Indentures With Consent of Holders	  	56
		 	Section 9.03.	  	Execution of Supplemental Indentures	  	57
		 	Section 9.04.	  	Effect of Supplemental Indentures	  	58
		 	Section 9.05.	  	Conformity with Trust Indenture Act	  	58
		 	Section 9.06.	  	Reference in Securities to Supplemental Indentures	  	58
		 	Section 9.07.	  	Subordination Unimpaired	  	58
		
	 ARTICLE X COVENANTS
	  	58
		 	Section 10.01.	  	Payment of Principal, Premium and Interest	  	58
		 	Section 10.02.	  	Maintenance of Office or Agency	  	58
		 	Section 10.03.	  	Money for Securities Payments to Be Held in Trust	  	59
		 	Section 10.04.	  	Corporate Existence	  	60
		 	Section 10.05.	  	Statement by Officers as to Default	  	60
		 	Section 10.06.	  	Waiver of Certain Covenants	  	60
		 	Section 10.07.	  	Calculation of Original Issue Discount	  	61
		
	 ARTICLE XI REDEMPTION OF SECURITIES
	  	61
		 	Section 11.01.	  	Applicability of Article	  	61
		 	Section 11.02.	  	Election to Redeem; Notice to Trustee	  	61
		 	Section 11.03.	  	Selection by Trustee of Securities to Be Redeemed	  	62
		 	Section 11.04.	  	Notice of Redemption	  	62
		 	Section 11.05.	  	Deposit of Redemption Price	  	63
		 	Section 11.06.	  	Securities Payable on Redemption Date	  	63
		 	Section 11.07.	  	Securities Redeemed in Part	  	64
		
	 ARTICLE XII SINKING FUNDS
	  	64
		 	Section 12.01.	  	Applicability of Article	  	64
		 	Section 12.02.	  	Satisfaction of Sinking Fund Payments with Securities	  	64
		 	Section 12.03.	  	Redemption of Securities for Sinking Fund	  	65
		
	 ARTICLE XIII DEFEASANCE AND COVENANT DEFEASANCE
	  	65
		 	Section 13.01.	  	Company’s Option to Effect Defeasance or Covenant Defeasance	  	65
		 	Section 13.02.	  	Defeasance and Discharge	  	65
		 	Section 13.03.	  	Covenant Defeasance	  	66
		 	Section 13.04.	  	Conditions to Defeasance or Covenant Defeasance	  	66
		 	Section 13.05.	  	Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions	  	68
		 	Section 13.06.	  	Reinstatement	  	68
		
	 ARTICLE XIV GUARANTEES
	  	69
		 	Section 14.01.	  	Guarantees	  	69

  

 iv 

							
	 ARTICLE XV SUBORDINATION OF SECURITIES
	  	72
		 	Section 15.01.	  	Securities Subordinate to Senior Debt	  	72
		 	Section 15.02.	  	Payment Over of Proceeds Upon Dissolution, Etc	  	73
		 	Section 15.03.	  	Prior Payment to Senior Debt Upon Acceleration of Securities	  	74
		 	Section 15.04.	  	No Payment When Senior Debt in Default	  	74
		 	Section 15.05.	  	Payment Permitted in Certain Situations	  	75
		 	Section 15.06.	  	Subrogation to Rights of Holders of Senior Debt	  	76
		 	Section 15.07.	  	Provisions Solely to Define Relative Rights	  	76
		 	Section 15.08.	  	Trustee to Effectuate Subordination	  	76
		 	Section 15.09.	  	No Waiver of Subordination Provisions	  	76
		 	Section 15.10.	  	Notice to Trustee	  	77
		 	Section 15.11.	  	Reliance on Judicial Order or Certificate of Liquidating Agent	  	77
		 	Section 15.12.	  	Trustee Not Fiduciary For Holders of Senior Debt	  	78
		 	Section 15.13.	  	Rights of Trustee as Holder of Senior Debt; Preservation of Trustees Rights	  	78
		 	Section 15.14.	  	Article Applicable to Paying Agents	  	78
		
	 ARTICLE XVI SECURITY
	  	78
		 	Section 16.01.	  	Security	  	78

  

 v 

 INDENTURE, dated as of [            ],
among RUTH’S HOSPITALITY GROUP, INC., a corporation duly organized and existing under the laws of Delaware (herein called the “Company”), having its principal office at 500 International Parkway, Suite 100, Heathrow, FL
32746, the Guarantors (as defined hereinafter), each having its principal office at 500 International Parkway, Suite 100, Heathrow, FL 32746, and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Trustee (herein called the
“Trustee”). 
 RECITALS OF THE COMPANY 
 The Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of its subordinated secured or
unsecured debentures, notes or other evidences of indebtedness (herein called the “Securities”) to be issued in one or more series as in this Indenture provided. 
 Each of the Initial Guarantors has duly authorized the execution and delivery of this Indenture to provide for the guarantee by such Initial Guarantor of
such series of Securities as to which such guarantee has been made applicable as provided herein. 
 All things necessary to make this
Indenture a valid agreement of the Company and of the Initial Guarantors in accordance with its terms have been done. 
 NOW, THEREFORE,
THIS INDENTURE WITNESSETH: 
 For and in consideration of the premises and the purchase of the Securities by the Holders thereof, it is
mutually agreed, for the equal and proportionate benefit of all Holders of the Securities or of series thereof, as follows: 
 ARTICLE I

 DEFINITIONS AND OTHER PROVISIONS OF 
 GENERAL APPLICATION 
 Section 1.01. Definitions. For all purposes of this Indenture, except as
otherwise expressly provided or unless the context otherwise requires: 
 (1) the terms defined in this Article have the meanings assigned to
them in this Article and include the plural as well as the singular; 
 (2) all other terms used herein which are defined in the Trust
Indenture Act, either directly or by reference therein, have the meanings assigned to them therein; 
 (3) all accounting terms not otherwise
defined herein have the meanings assigned to them in accordance with GAAP; 
 (4) unless the context otherwise requires, any reference to an
“Article” or a “Section” refers to an Article or a Section, as the case may be, of this Indenture; 
  

 1 

 (5) the words “herein”, “hereof” and “hereunder” and other words of similar
import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; 
 (6) when used with respect to
any Security, the words “convert”, “converted” and “conversion” are intended to refer to the right of the Holder or the Company to convert or exchange such Security into or for securities or other property in accordance
with such terms, if any, as may hereafter be specified for such Security as contemplated by Section 3.01, and these words are not intended to refer to any right of the Holder or the Company to exchange such Security for other Securities
of the same series and like tenor pursuant to Section 3.04, Section 3.05, Section 3.06, Section 9.06 or Section 11.07 or another similar provision of this Indenture, unless the context
otherwise requires; and references herein to the terms of any Security that may be converted mean such terms as may be specified for such Security as contemplated in Section 3.01; and 
 (7) unless the context otherwise requires, any reference to “duly provided for” and other words of similar import with respect to any amount or
property required to be paid or delivered, as applicable, shall include, without limitation, having made such amount or property available for payment or delivery. 
 “Act”, when used with respect to any Holder, has the meaning specified in Section 1.04. 
 “Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the
purposes of this definition, “control” when used with respect to any specified Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by
contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Applicable Procedures” of a Depositary means, with respect to any matter at any time, the policies and procedures of such Depositary, if any, that are applicable to such matter at such time. 
 “Authenticating Agent” means, when used with respect to Securities of any series, any Person authorized by the Trustee to act on
behalf of the Trustee to authenticate the Securities of such series. 
 “Board of Directors” means either the board
of directors of the Company or any duly authorized committee of that board. 
 “Board Resolution” means a copy of a
resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. Where any
provision of this Indenture refers to action to be taken pursuant to a Board Resolution (including the establishment of any series of the Securities and the forms and terms thereof), such action may be taken by any officer or employee of the Company
authorized to take such action by the Board of Directors as evidenced by a Board Resolution. 
  

 2 

 “Business Day”, when used with respect to any Place of Payment, means each
Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment are authorized or obligated by law or executive order to close; provided that, when used with respect to any Security,
“Business Day” may have such other meaning, if any, as may be specified for such Security as contemplated by Section 3.01 . 
 “Capital Stock” means: 
 (1) in the case of a corporation, corporate stock; 
 (2) in the case of a limited liability company or similar entity, any membership or similar interests therein; 
 (3) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of
corporate stock; 
 (4) in the case of a partnership, partnership interests (whether general or limited); and 
 (5) 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. 
 “Commission” means the Securities and Exchange Commission, as from time to time
constituted, created under the Exchange Act, or, if at any time after the execution of this instrument such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties
at such time. 
 “Company” means the Person named as the “Company” in the first paragraph of this
instrument until a successor Person shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Company” shall mean such successor Person. 
 “Company Request” or “Company Order” means a written request or order signed in the name of the Company
by any two of the following: a Chairman of the Board, a Chief Executive Officer, a Chief Financial Officer, a President, a Vice President, a Treasurer, an Assistant Treasurer, its Secretary or an Assistant Secretary of the Company, or any other
officer or officers of the Company designated in writing by or pursuant to authority of the Board of Directors and delivered to the Trustee from time to time. 
 “Corporate Trust Office” means the designated office of the Trustee in Atlanta, Georgia at which at any particular time its corporate trust business shall be administered and which, at the date
hereof, is located at 7000 Central Parkway, Suite 550, Atlanta, Georgia 30328, Attention; Corporate Trust Services, or at such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal
corporate trust office of any successor Trustee. 
 “corporation” means a corporation, association, company
(including a limited liability company), joint-stock company, business trust or other similar entity. 
  

 3 

 “Covenant Defeasance” has the meaning specified in Section 13.03.

 “Credit Agreement” means the credit agreement dated as of
                    ,        , among the Company, the financial institutions party thereto as lenders, and
                    , as administrative agent, together with related documents thereto including any guarantee agreements and security documents, as
amended, modified supplemented, restated, renewed, refunded, replaced, restructured repaid or refinanced from time to time (including any agreement extending the maturity thereof or increasing the amount of available borrowings thereunder or adding
entities as additional borrowers or guarantors thereunder) whether with the original agents and lenders or otherwise and whether provided under the original credit agreement or other credit agreements or otherwise. 
 “Defaulted Interest “has the meaning specified in Section 3.07. 
 “Defeasance” has the meaning specified in Section 13.02. 
 “Depositary” means, with respect to Securities of any series issuable in whole or in part in the form of one or more Global
Securities, a clearing agency that is designated to act as depositary for such Securities as contemplated by Section 3.01. 
 “DTC” has the meaning specified in Section 1.04. 
 “Equity Interests”
means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 
 “Event of Default” has the meaning specified in Section 5.01. 
 “Exchange Act” means the Securities Exchange Act of 1934 and any statute successor thereto, in each case as amended from time to
time. 
 “Expiration Date” has the meaning specified in Section 1.04. 
 “GAAP” means, at any time, (i) generally accepted accounting principles set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a
significant segment of the accounting profession in the United States or (ii) if at such time the Company is required to prepare its financial statements for reports filed with the Commission under Section 13 or 15(d) of the Exchange Act
pursuant to standards other than those specified in clause (i) (which may include International Financial Reporting Standards), such other standards, in each case which are in effect at such time. 
 “Global Security” means a Security that evidences all or part of the Securities of any series and bears the legend set forth in
Section 2.04 (or such legend as may be specified as contemplated by Section 3.01 for such Securities). 
  

 4 

 “Guarantee” means a guarantee of any Securities by a Guarantor as contemplated by
ARTICLE XIV; provided that the term “Guarantee,” when used with respect to any Security or with respect to the Securities of any series, means a guarantee of such Security or of the Securities of such series, respectively, by a
Guarantor of such Security or of the Securities of such series, respectively, as contemplated by ARTICLE XIV. 
 “Guarantor” means each of the Initial Guarantors and any other Person who shall have become a Guarantor under this Indenture pursuant to Section 9.01 hereof, in each case unless and until a successor
Person shall have become such pursuant to the applicable provisions of this Indenture, at which time references to such Guarantor shall mean such successor Person; provided that the term “Guarantor,” when used, with respect to the
Securities of any series, means the Persons who shall from time to time be the guarantors of Securities of such series as contemplated by ARTICLE XIV. 
 “Guarantor’s Board of Directors” means, with respect to any Guarantor, either the board of directors of such Guarantor or any duly authorized committee of that board. 
 “Guarantor’s Board Resolution” means, with respect to any Guarantor, a copy of a resolution certified by the Secretary or an
Assistant Secretary of such Guarantor to have been duly adopted by such Guarantor’s Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee. Where any provision of this Indenture
refers to action to be taken pursuant to a Guarantor’s Board Resolution, such action may be taken by any officer or employee of such Guarantor authorized to take such action by such Guarantor’s Board of Directors as evidenced by a
Guarantor’s Board Resolution. 
 “Guarantor’s Officers’ Certificate” means, with respect to any
Guarantor, a certificate signed by any two of the following: a Chairman of the Board, a Chief Executive Officer, a President, a Vice President, a Treasurer, an Assistant Treasurer, a Secretary or an Assistant Secretary of such Guarantor, or any
other officer or officers of such Guarantor designated in a writing by or pursuant to authority of such Guarantor’s Board of Directors and delivered to the Trustee from time to time. 
 “Guarantor Request” or “Guarantor Order” means, with respect to any Guarantor, a written request or order
signed in the name of such Guarantor by any two of the following: a Chairman of the Board, a Chief Executive Officer, a Chief Financial Officer, a President, a Vice President, a Treasurer, an Assistant Treasurer, its Secretary or an Assistant
Secretary of such Guarantor, or any other officer or officers of such Guarantor designated in writing by or pursuant to authority of such Guarantor’s Board of Directors and delivered to the Trustee from time to time. In the event that
Guarantor’s Requests relating to the same matter shall be delivered by two or more Guarantors on the same date, such requests may be combined into a single document, provided that the requests made by each Guarantor therein shall be several and
not joint requests of each such Guarantor. 
 “Holder” means a Person in whose name a Security is registered in the
Security Register. 
  

 5 

 “Indebtedness” means, with respect to any Person, without duplication, any
indebtedness of such Person, whether or not contingent: (i) in respect of borrowed money; (ii) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect thereof);
(iii) in respect of banker’s acceptances; (iv) representing capital lease obligations; (v) in respect of any guarantee by such Person of production or payment with respect to a production payment recorded as a liability or
deferred revenue in accordance with GAAP; (vi) representing the balance deferred and unpaid of the purchase price of any property, except any such balance that constitutes an accrued expense or trade payable; or (vii) representing any
hedging obligation, if and to the extent any of the foregoing indebtedness (other than letters of credit and hedging obligations) would appear as a liability upon a balance sheet of such Person prepared in accordance with GAAP. In addition, the term
“Indebtedness” includes (x) all indebtedness of any other Person, of the types described above in clauses (i) through (vii), secured by a lien on any asset of such Person (whether or not such indebtedness is assumed by such
Person), and (y) to the extent not otherwise included, the guarantee by such Person of any indebtedness of any other Person of the types described above in clauses (i) through (vii). Notwithstanding the foregoing, the following shall not
constitute “Indebtedness”: (a) accrued expenses and trade accounts payable arising in the ordinary course of business; (b) any obligation in respect of any production payment recorded as a liability or deferred revenue in
accordance with GAAP; (c) any indebtedness which has been defeased in accordance with GAAP or defeased pursuant to the deposit of cash or government securities (in an amount sufficient to satisfy all such indebtedness obligations at maturity or
redemption, as applicable, and all payments of interest and premium, if any) in a trust or account created or pledged for the sole benefit of the holders of such indebtedness, and subject to no other liens, and the other applicable terms of the
instrument governing such indebtedness; (d) any obligations in respect of completion bonds, performance bonds, bid bonds, appeal bonds, surety bonds, bankers acceptances, letters of credit, insurance obligations or bonds and other similar bonds
and obligations incurred in the ordinary course of business and any guaranties or letters of credit functioning as or supporting any of the foregoing bonds or obligations; (e) any obligation arising from the honoring by a bank or other
financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business (provided, however, that such obligation is extinguished within five business days of its incurrence); (f) any
obligation arising from any agreement providing for indemnities, guarantees, purchase price adjustments, holdbacks, contingency payment obligations based on the performance of the acquired or disposed assets or similar obligations (other than
guarantees of Indebtedness) incurred by any Person in connection with the acquisition or disposition of assets; and (h) any obligation in respect of operating agreements, joint venture agreements, partnership agreements, assignments, purchase
and sale agreements, royalties, joint interest billing arrangements, net profits interests, participation agreements, subleases, licenses or subleases and other agreements similar to any of the foregoing that are customary in the bottled beverage
industry. 
 “Indenture” means this instrument as originally executed and as it may from time to time be supplemented
or amended by one or more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, including, for all purposes of this instrument and any such supplemental indenture, the provisions of the Trust Indenture Act that
are deemed to be a part of and govern this instrument and any such supplemental indenture, respectively. The term “Indenture “shall also include the terms of any particular series or specific Securities within a series and of
any Guarantees thereof established as contemplated by Section 3.01. 
  

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 “interest”, when used with respect to an Original Issue Discount Security which
by its terms bears interest only after Maturity, means interest payable after Maturity. 
 “Initial Guarantor” or
“Initial Guarantors” means R.F. Inc., a Louisiana corporation, RCSH Holdings, Inc., a Louisiana corporation, RCSH Operations, Inc., a California corporation, RCSH Operations, LLC, a Louisiana limited liability company,
Ruth’s Chris Steak House Boston, LLC, a Louisiana limited liability company, Ruth’s Chris Steak House Dallas, L.P., a Texas limited partnership, Ruth’s Chris Steak House Texas, L.P., a Texas limited partnership, Ruth’s Chris
Steak House Franchise, Inc., a Louisiana corporation, RHG Fish Market, Inc., a Florida corporation, RHG Kingfish, LLC, a Florida limited liability company, and RCSH Millwork, LLC, a Florida limited liability company. 
 “Interest Payment Date”, when used with respect to any Security, means the Stated Maturity of an installment of interest on such
Security. 
 “Maturity”, when used with respect to any Security, means the date on which the principal of such
Security or an installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise. 
 “Notice of Default” means a written notice of the kind specified in Section 5.01(4). 
 “Officers’ Certificate” means a certificate signed by any two of the following: a Chairman of the Board, a Chief Executive
Officer, a Chief Financial Officer, a President, a Vice President, a Treasurer, an Assistant Treasurer, a Secretary or an Assistant Secretary of the Company, or any other officer or officers of the Company designated in a writing by or pursuant to
authority of the Board of Directors and delivered to the Trustee from time to time. 
 “Opinion of Counsel” means a
written opinion of counsel, who may be an employee of or counsel for the Company or a Guarantor. 
 “Original Issue Discount
Security” means any Security which provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the Maturity thereof pursuant to Section 5.02. 
 “Outstanding”, when used with respect to Securities, means, as of the date of determination, all Securities theretofore
authenticated and delivered under this Indenture, except: 
 (1) Securities theretofore canceled by the Trustee or delivered to the Trustee
for cancellation; 
 (2) Securities for whose payment or redemption money in the necessary amount has been theretofore deposited with the
Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such Securities; provided that, if such Securities are to be
redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made; 
  

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 (3) Securities as to which Defeasance has been effected pursuant to Section 13.02;

 (4) Securities which have been paid pursuant to Section 3.06 or in exchange for or in lieu of which other Securities have been
authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a protected purchaser in whose hands
such Securities are valid obligations of the Company; and 
 (5) Securities as to which any property deliverable upon conversion thereof has
been delivered (or such delivery has been duly provided for), or as to which any other particular conditions have been satisfied, in each case as may be provided for such Securities as contemplated in Section 3.01; 
 provided, however, that in determining whether the Holders of the requisite principal amount of the Outstanding Securities have given, made or taken any
request, demand, authorization, direction, notice, consent, waiver or other action hereunder as of any date, (A) the principal amount of an Original Issue Discount Security which shall be deemed to be Outstanding shall be the amount of the
principal thereof which would be due and payable as of such date upon acceleration of the Maturity thereof to such date pursuant to Section 5.02, (B) if, as of such date, the principal amount payable at the Stated Maturity of a
Security is not determinable, the principal amount of such Security which shall be deemed to be Outstanding shall be the amount as specified or determined as contemplated by Section 3.01, (C) the principal amount of a Security
denominated in one or more foreign currencies, composite currencies or currency units which shall be deemed to be Outstanding shall be the U.S. dollar equivalent, determined as of such date in the manner provided as contemplated by
Section 3.01, of the principal amount of such Security (or, in the case of a Security described in Clause (A) or (B) above, of the amount determined as provided in such Clause), and (D) Securities owned by the Company, any
Guarantor of the Securities or any other obligor upon the Securities or any Affiliate of the Company or any such Guarantor or of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the
Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent, waiver or other action, only Securities which a Responsible Officer of the Trustee actually knows to be so owned shall be so disregarded.
Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not the
Company or any Guarantor of such Securities or any other obligor upon the Securities or any Affiliate of the Company or a Guarantor of the Securities or such other obligor. 
 “Paying Agent” means any Person authorized by the Company to pay the principal of or any premium or interest on any Securities on
behalf of the Company. 
 “Person” means any individual, corporation, partnership, joint venture, trust,
unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment”, when
used with respect to the Securities of any series and subject to Section 10.02, means the place or places where the principal of and any premium and interest on the Securities of that series are payable as specified as contemplated by
Section 3.01. 
  

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 “Predecessor Security” of any particular Security means every previous Security
evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 3.06 in exchange for or in lieu of a mutilated,
destroyed, lost or wrongfully taken Security shall be deemed to evidence the same debt as the mutilated, destroyed, lost or wrongfully taken Security. 
 “Redemption Date”, when used with respect to any Security to be redeemed, means the date fixed for such redemption by or pursuant to this Indenture. 
 “Redemption Price”, when used with respect to any Security to be redeemed, means the price at which it is to be redeemed pursuant
to this Indenture. 
 “Regular Record Date” for the interest payable on any Interest Payment Date on the Securities
of any series means the date specified for that purpose as contemplated by Section 3.01. 
 “Responsible
Officer”, when used with respect to the Trustee, means any officer of the Trustee within the corporate trust department, including any Vice President, assistant secretary, assistant treasurer, trust officer or assistant trust officer
assigned to the Corporate Trust Office, or any other officer of the Trustee customarily performing functions similar to those performed by any of the above designated officers and also means, with respect to a particular corporate trust matter, any
other officer of the Trustee to whom such matter is referred because of his knowledge of and familiarity with the particular subject, and who shall have direct responsibility for the administration of this Indenture. 
 “Securities” has the meaning stated in the first recital of this Indenture and more particularly means any Securities
authenticated and delivered under this Indenture. 
 “Securities Act” means the Securities Act of 1933 and any
statute successor thereto, in each case as amended from time to time. 
 “Security Register” and “Security
Registrar” have the respective meanings specified in Section 3.05. 
 “Senior Debt” means:
(a) indebtedness of the Company under or in respect of the Credit Agreement, whether for principal, interest (including interest accruing after the filing of a petition initiating any proceeding pursuant to any bankruptcy law, whether or not
the claim for such interest is allowed as a claim in such proceeding), reimbursement obligations, fees, commissions, expenses, indemnities or other amounts; and (b) any other Indebtedness permitted under the terms of this Indenture, unless the
instrument under which such Indebtedness is incurred expressly provides that it is on a parity with or subordinated in right of payment to the Securities. Notwithstanding the foregoing, “Senior Debt” will not include: (i) Equity
Interests; (ii) any liability for federal, state, local or other taxes due or owed by the Company; (iii) any Indebtedness of the Company to any of its Subsidiaries or Affiliates; (iv) any trade payables; or (v) any Indebtedness
that is incurred in violation of this Indenture. 
 “Senior Guarantor Debt” means, with respect to any Guarantor:
(a) indebtedness of such Guarantor under or in respect of the Credit Agreement, whether for principal, interest 

  

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(including interest accruing after the filing of a petition initiating any proceeding pursuant to any bankruptcy law, whether or not the claim for such
interest is allowed as a claim in such proceeding), reimbursement obligations, fees, commissions, expenses, indemnities or other amounts; and (b) any other Indebtedness permitted under the terms of this Indenture, unless the instrument under
which such Indebtedness is incurred expressly provides that it is on a parity with or subordinated in right of payment to such Guarantor’s Guarantee of the Securities. Notwithstanding the foregoing, “Senior Guarantor Debt” will not
include: (i) Equity Interests; (ii) any liability for federal, state, local or other taxes due or owed by such Guarantor; (iii) any Indebtedness of such Guarantor to any of its Subsidiaries or Affiliates; (iv) any trade payables;
or (v) any Indebtedness that is incurred in violation of this Indenture. 
 “Special Record Date” for the
payment of any Defaulted Interest means a date fixed by the Trustee pursuant to Section 3.07. 
 “Stated
Maturity”, when used with respect to any Security or any installment of principal thereof or interest thereon, means the date specified in such Security as the fixed date on which the principal of such Security or such installment of
principal or interest is due and payable. 
 “Subsidiary” means any Person a majority of the combined voting power of
the total outstanding ownership interests in which is, at the time of determination, beneficially owned or held, directly or indirectly, by the Company or one or more other Subsidiaries. For this purpose, “voting power” means power to vote
in an ordinary election of directors (or, in the case of a Person that is not a corporation, ordinarily to appoint or approve the appointment of Persons holding similar positions), whether at all times or only as long as no senior class of ownership
interests has such voting power by reason of any contingency. 
 “Trustee” means the Person named as the
“Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then
a Trustee hereunder, and if at any time there is more than one such Person, “Trustee” as used with respect to the Securities of any series shall mean the Trustee with respect to Securities of that series. 
 “Trust Indenture Act” means the Trust Indenture Act of 1939 as in force at the date as of which this instrument was executed;
provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “Trust Indenture Act” means, to the extent required by any such amendment, the Trust Indenture Act of 1939 as so amended.

 “Uniform Commercial Code” means the Uniform Commercial Code in effect in the State of Delaware or the State of New
York, as applicable, in each case as amended from time to time. 
 “U.S. Government Obligation” has the meaning
specified in Section 13.04. 
 “Vice President”, when used with respect to the Company, any Guarantor or
the Trustee, means any vice president, whether or not designated by a number or a word or words added before or after the title “vice president.” 
  

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 Section 1.02. Compliance Certificates and Opinions. Upon any application or request by the Company
or a Guarantor to the Trustee to take any action under any provision of this Indenture, the Company or such Guarantor, as the case may be, shall furnish to the Trustee such certificates and opinions as may be required under the Trust Indenture
Act; provided, however, that no such opinion shall be required in connection with the issuance of Securities that are part of any series as to which such an opinion has been furnished. Each such certificate or opinion shall be given in
the form of an Officers’ Certificate, if to be given by an officer of the Company, or a Guarantor’s Officers’ Certificate, if to be given by an officer of any Guarantor, or an Opinion of Counsel, if to be given by counsel, and shall
comply with the requirements of the Trust Indenture Act and any other requirements set forth in this Indenture. 
 Every certificate or
opinion with respect to compliance with a condition or covenant provided for in this Indenture shall include: 
 (1) a statement that each
individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 
 (2) a
brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition
has been complied with; and 
 (4) a statement as to whether, in the opinion of each such individual, such condition or covenant has been
complied with. 
 Section 1.03. Form of Documents Delivered to Trustee. In any case where several matters are required to be certified
by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or covered by only one document, but one such Person
may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or several documents. 
 Any certificate or opinion of an officer of the Company or a Guarantor may be based, insofar as it relates to legal matters, upon a certificate or
opinion of, or representations by, counsel, unless such officer knows that the certificate or opinion or representations with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or opinion of, or
representation by, counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the Company or such Guarantor, as the case may be, stating that the information
with respect to such factual matters is in the possession of the Company or such Guarantor, as the case may be, unless such counsel knows that the certificate or opinion or representations with respect to such matters are erroneous. Where any Person
is required to make, give or execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
  

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 Section 1.04. Acts of Holders; Record Dates. Any request, demand, authorization, direction,
notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such Holders in person or by
an agent or agents duly appointed in writing; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby expressly required, to the
Company and any Guarantor. Such instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of
any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and (subject to Section 6.01) conclusive in favor of the Trustee, the Company and any Guarantor, if made in the manner
provided in this Section. 
 Without limiting the generality of this Section, unless otherwise provided in or pursuant to this Indenture,
(i) a Holder, including a Depositary or its nominee that is a Holder of a Global Security, may give, make or take, by an agent or agents duly appointed in writing, any request, demand, authorization, direction, notice, consent, waiver or other
action provided or permitted in or pursuant to this Indenture to be given, made or taken by Holders, and a Depositary or its nominee that is a Holder of a Global Security may duly appoint in writing as its agent or agents members of, or participants
in, such Depositary holding interests in such Global Security in the records of such Depositary; and (ii) with respect to any Global Security the Depositary for which is The Depository Trust Company (“DTC”), any consent
or other action given, made or taken by an “agent member” of DTC by electronic means in accordance with the Automated Tender Offer Procedures system or other Applicable Procedures of, and pursuant to authorization by, DTC shall be deemed
to constitute the “Act” of the Holder of such Global Security, and such Act shall be deemed to have been delivered to the Company, any Guarantor and the Trustee upon the delivery by DTC of an “agent’s message”
or other notice of such consent or other action having been so given, made or taken in accordance with the Applicable Procedures of DTC. 
 The fact and date of the execution by any Person of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public or other officer authorized by law to take
acknowledgments of deeds, certifying that the individual signing such instrument or writing acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity, such certificate or
affidavit shall also constitute sufficient proof of his authority. The fact and date of the execution of any such instrument or writing, or the authority of the Person executing the same, may also be proved in any other manner which the Trustee
deems sufficient. 
 The ownership of Securities shall be proved by the Security Register. Any request, demand, authorization, direction,
notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange therefor or in lieu thereof in
respect of anything done, omitted or suffered to be done by the Trustee or the Company or any Guarantor in reliance thereon, whether or not notation of such action is made upon such Security. 
  

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 The Company and any Guarantor may set any day as a record date for the purpose of determining the Holders
of Outstanding Securities of any series entitled to give, make or take any request, demand, authorization, direction, notice, consent, waiver or other action provided or permitted by this Indenture to be given, made or taken by Holders of Securities
of such series, provided that neither the Company nor such Guarantor may set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving, making or taking of any notice, declaration, request or direction
referred to in the next paragraph. If any record date is set pursuant to this paragraph, the Holders of Outstanding Securities of the relevant series on such record date, and no other Holders, shall be entitled to give, make or take the relevant
action, whether or not such Holders remain Holders after such record date; provided, however, that no such action shall be effective hereunder unless given, made or taken on or prior to the applicable Expiration Date by Holders of the
requisite principal amount of Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Company or any Guarantor from setting a new record date for any action for which a record date has
previously been set pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any
action given, made or taken by Holders of the requisite principal amount of Outstanding Securities of the relevant series on the date such action is given, made or taken. Promptly after any record date is set pursuant to this paragraph, the Company
or such Guarantor, as the case may be, at its own expense, shall cause notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of Securities of the
relevant series in the manner set forth in Section 1.05 and Section 1.06. 
 The Trustee may set any day as a record
date for the purpose of determining the Holders of Outstanding Securities of any series entitled to join in the giving, making or taking of (i) any Notice of Default, (ii) any declaration of acceleration referred to in
Section 5.02, (iii) any request to institute proceedings referred to in Section 5.07(2) or (iv) any direction referred to in Section 5.12, in each case with respect to Securities of such series. If any
record date is set pursuant to this paragraph, the Holders of Outstanding Securities of such series on such record date, and no other Holders, shall be entitled to give, make or take such notice, declaration, request or direction, whether or not
such Holders remain Holders after such record date; provided, however, that no such action shall be effective hereunder unless given, made or taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount of
Outstanding Securities of such series on such record date. Nothing in this paragraph shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set pursuant to this paragraph
(whereupon the record date previously set shall automatically and with no action by any Person be canceled and of no effect), and nothing in this paragraph shall be construed to render ineffective any action given, made or taken by Holders of the
requisite principal amount of Outstanding Securities of the relevant series on the date such action is given, made or taken. Promptly after any record date is set pursuant to this paragraph, the Trustee, at the Company’s expense, shall cause
notice of such record date, the proposed action by Holders and the applicable Expiration Date to be given to the Company and any Guarantor in writing and to each Holder of Securities of the relevant series in the manner set forth in
Section 1.05 and Section 1.06. 
  

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 With respect to any record date set pursuant to this Section, the party hereto which sets such record
date may designate any day as the “Expiration Date “and from time to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice of the proposed new
Expiration Date is given to the other party hereto in writing, and to each Holder of Securities of the relevant series in the manner set forth in Section 1.06 on or prior to the existing Expiration Date. If an Expiration Date is not
designated with respect to any record date set pursuant to this Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day after such record date as the Expiration Date with respect thereto,
subject to its right to change the Expiration Date to an earlier day as provided in this paragraph. Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date. 
 Without limiting the foregoing, a Holder entitled hereunder to give, make or take any action hereunder with regard to any particular Security may do so,
in person or by an agent duly appointed in writing, with regard to all or any part of the principal amount of such Security. 
 Section 1.05.
Notices, Etc., to Trustee, Company, Guarantors and Holders. Any request, demand, authorization, direction, notice, consent, waiver or Act of Holders or other document provided or permitted by this Indenture to be made upon, given or furnished
to, or filed with, (1) the Trustee by any Holder or by the Company or any Guarantor shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing (which may be by facsimile transmission) to or with the Trustee at
its Corporate Trust Office, 7000 Central Parkway, Suite 550, Atlanta, Georgia, Attention: Corporate Trust services or any other address previously furnished in writing to the Company and the Holders by the Trustee or (2) the Company or a
Guarantor by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein expressly provided) if in writing and mailed, first-class postage prepaid, to the Company or such Guarantor, as the case may be,
addressed to it at the address of its principal office specified in the first paragraph of this instrument or at any other address previously furnished in writing to the Trustee by the Company. 
 Where this Indenture provides for notice to Holders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if
in writing and mailed, first-class postage prepaid, to each Holder affected by such event, at his address as it appears in the Security Register, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed
for the giving of such notice. In any case where notice to Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect
to other Holders. Where this Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice.
Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. In case by reason of the suspension of regular mail service or by
reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
  

 14 

 Where this Indenture provides for notice of any event to a Holder of a Global Security, such notice shall
be sufficiently given if given to the Depositary for such Security (or its designee), pursuant to its Applicable Procedures, not later than the latest date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such
notice. 
 Section 1.06. Conflict with Trust Indenture Act. If any provision hereof limits, qualifies or conflicts with a provision of
the Trust Indenture Act which is required under such Act to be a part of and govern this Indenture, the latter provision shall control. If any provision of this Indenture modifies or excludes any provision of the Trust Indenture Act which may be so
modified or excluded, the latter provision shall be deemed to apply to this Indenture as so modified or to be excluded, as the case may be. 
 Section 1.07. Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for convenience only and shall not affect the construction hereof. 
 Section 1.08. Successors and Assigns. All covenants and agreements in this Indenture by the Company and any Guarantor shall bind their respective
successors and assigns, whether so expressed or not. 
 Section 1.09. Separability Clause. In case any provision in this Indenture or
in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 1.10. Benefits of Indenture. Nothing in this Indenture or in the Securities, express or implied, shall give to any Person, other than the
parties hereto and their successors hereunder, the holders of Senior Debt and any Senior Guarantor Debt and the Holders, any benefit or any legal or equitable right, remedy or claim under this Indenture, except as may otherwise be provided pursuant
to Section 3.01 with respect to any Securities of a particular series or under this Indenture with respect to such Securities. 
 Section 1.11. Governing Law. This Indenture, the Guarantees and the Securities and the rights and obligations of the parties hereto and thereto, including the interpretation, construction, validity and enforceability thereof, shall
be governed by and construed and interpreted in accordance with the law of the State of New York, without regard to conflicts of laws principles thereof. 
 Section 1.12. Legal Holidays. In any case where any Interest Payment Date, Redemption Date or Maturity of any Security, or any date on which a Holder has the right to convert his Security, shall not be a
Business Day at any Place of Payment, then (notwithstanding any other provision of this Indenture or of the Securities (other than a provision of any Security which specifically states that such provision shall apply in lieu of this Section))
payment of interest or principal (and premium, if any), or conversion of such Security need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and
effect as if made on the Interest Payment Date or Redemption Date, or at the Maturity, or on such date for conversion, as the case may be. 
  

 15 

 Section 1.13. No Adverse Interpretation of Other Agreements. This Indenture may not be used to
interpret any other indenture, loan or other agreement of the Company or any Guarantor or any Subsidiaries of any thereof or of any other Person. Any such indenture, loan or other agreement may not be used to interpret this Indenture. 
 Section 1.14. No Personal Liability of Directors, Officers, Employees and Stockholders. No past, present or future director, officer, employee,
incorporator or stockholder of the Company or any Guarantor, as such, will have any liability for any obligations of the Company or any Guarantor, respectively, under the Securities or this Indenture or for any claim based on, in respect of, or by
reason of, such obligations or their creation. Each Holder of Securities by accepting a Security waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. The waiver may not be
effective to waive liabilities under the federal securities laws. 
 Section 1.15. Language of Notices, Etc. Any request, demand,
authorization, direction, notice, consent, waiver, other action or Act provided or permitted under this Indenture shall be in the English language, except that any published notice may be in an official language of the country of publication.

 Section 1.16. Force Majeure. Subject to Section 6.01, in no event shall the Trustee be responsible or liable for any
failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or
military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable
efforts that are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 Section 1.17. Waiver of Jury Trial. EACH OF THE COMPANY, EACH GUARANTOR AND THE TRUSTEE HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY
OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE. 
 Section 1.18. U.S.A. Patriot Act. The parties hereto
acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record
information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for
the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 
  

 16 

 ARTICLE II 
 SECURITY FORM 
 Section 2.01. Forms Generally. The Securities of each series shall be in
substantially the form set forth in this Article, or in such other form as shall be established by or pursuant to a Board Resolution or in one or more indentures supplemental hereto, and, if the Securities of such series are to be guaranteed by the
Guarantees of any Guarantor as provided in Section 3.01 and the terms of such Securities provide for the endorsement thereon or attachment thereto of Guarantees by such Guarantor, such Guarantees to be endorsed on or attached to such
Securities shall be in substantially such form as shall be established by or pursuant to a Guarantor’s Board Resolution of such Guarantor or in one or more indentures supplemented hereto, in each case with such appropriate insertions,
omissions, substitutions and other variations as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the
rules of any securities exchange or Depositary therefor or as may, consistently herewith, be determined by the officers executing such Securities or Guarantees, respectively, as evidenced by their execution thereof. If the form of Securities of any
series is established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee at or prior to the
delivery of the Company Order contemplated by Section 3.03 for the authentication and delivery of such Securities. If the form of any Guarantees by any Guarantor to be endorsed on Securities of any series is established by action taken
pursuant to a Guarantor’s Board Resolution of such Guarantor, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of such Guarantor and delivered to the Trustee at or prior to the
delivery of the Guarantor Order contemplated by Section 3.03 for the authentication and delivery of such Securities with such Guarantee endorsed thereon. For purposes hereof, a Guarantee that is endorsed on, or otherwise attached to, a
Security shall be deemed “endorsed” on such Security. 
 The definitive Securities and any Guarantees endorsed thereon shall be
printed, lithographed or engraved on steel engraved borders or may be produced in any other manner, all as determined by the officers of the Company executing such Securities or, if such Guarantees by any Guarantor are executed by such Guarantor, by
the officers of such Guarantor executing such Guarantees, respectively, as evidenced by their execution of such Securities or, if such Guarantees by any Guarantor are executed by such Guarantor, by the officers of such Guarantor executing such
Guarantees, respectively. 
 Anything herein to the contrary notwithstanding, there shall be no requirement that any Security have endorsed
thereon or attached thereto a Guarantee or a notation of a Guarantee, but such a Guarantee or notation of a Guarantee may be endorsed thereon or attached thereto as contemplated by this Section 2.01. 
 Section 2.02. Form of Face of Security. 
 [Insert any legend required by the Internal Revenue Code and the regulations thereunder.] 
  

 17 

 RUTH’S HOSPITALITY GROUP, INC. 
  

			
	  
	  	
		
	No.              $                       
  	  	CUSIP No.
                        

 RUTH’S HOSPITALITY GROUP, INC., a corporation duly organized and existing under the laws of Delaware (herein
called the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to
                        , or registered assigns, the principal sum of
                         Dollars on
                         [if the Security is to bear interest prior to Maturity, insert —, and to pay interest thereon from
                 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on
                 and                  in each year, commencing
                , and at the Maturity thereof, at the rate of                 % per
annum, until the principal hereof is paid or made available for payment [if applicable, insert —, provided that any premium, and any such installment of interest, which is overdue shall bear interest at the rate of
                % per annum (to the extent that the payment of such interest shall be legally enforceable), from the date such overdue amount is due until such amount is
paid or duly provided for, and such interest on any overdue amount shall be payable on demand]. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the
Person in whose name this Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be the
                 or                  (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date. Any such interest so payable, but not punctually paid or duly provided for, will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name
this Security (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of
this series not less than 10 days prior to such Special Record Date, or be paid in any other lawful manner not inconsistent with the requirements of any securities exchange on which this Security may be listed, and upon such notice as may be
required by such exchange, all as more fully provided in said Indenture]. 
 [If the Security is not to bear interest prior to Maturity,
insert — The principal of this Security shall not bear interest except in the case of a default in payment of principal upon acceleration, upon redemption or at Stated Maturity and in such case the overdue principal and any overdue premium
shall bear interest at the rate of             % per annum (to the extent that the payment of such interest shall be legally enforceable), from the dates such amounts are due until they are
paid or made available for payment. Interest on any overdue principal or premium shall be payable on demand.] 
 Payment of the principal of
(and premium, if any) and [if applicable, insert — any such] interest on this Security will be made at the office or agency of the Company maintained for that purpose in New York, New York, in such coin or currency of the United States of
America as at the time of payment is legal tender for payment of public and private debts, against surrender of this Security in the case of any payment due at the Maturity of the principal thereof 

  

 18 

 
or any payment of interest becomes payable on a day other than an Interest Payment Date; provided, however, that if this Security is not a
Global Security, (i) payment of interest on an Interest Payment Date will be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register; and all other payments will be made by check
against surrender of this Security; (ii) all payments by check will be made in next-day funds (i.e., funds that become available on the day after the check is cashed); and (iii) notwithstanding clauses (i) and (ii) above, with
respect to any payment of any amount due on this Security, if this Security is in a denomination of at least $1,000,000 and the Holder hereof at the time of surrender hereof or, in the case of any payment of interest on any Interest Payment Date,
the Holder thereof on the related Regular Record Date delivers a written request to the Paying Agent to make such payment by wire transfer at least five Business Days before the date such payment becomes due, together with appropriate wire transfer
instructions specifying an account at a bank in New York, New York, the Company shall make such payment by wire transfer of immediately available funds to such account at such bank in New York City, any such wire instructions, once properly given by
a Holder as to this Security, remaining in effect as to such Holder and this Security unless and until new instructions are given in the manner described above and provided further, that notwithstanding anything in the foregoing to the
contrary, if this Security is a Global Security, payment shall be made pursuant to the Applicable Procedures of the Depositary as permitted in said Indenture. Any interest shall be computed on the basis of a 360-day year of twelve 30-day months.

 Reference is hereby made to the further provisions of this Security set forth on the reverse hereof, which further provisions shall for
all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 
 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 
  

			
	RUTH’S HOSPITALITY GROUP, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Section 2.03. Form of Reverse of Security. This Security is one of a duly authorized issue
of senior securities of the Company (herein called the “Securities”), issued and to be issued in one or more series under an Indenture, dated as of [            ]
(herein called the “Indenture “, which term shall have the meaning assigned to it in such instrument), among the Company, the Guarantors and Wells Fargo Bank, National Association, as Trustee (herein called the
“Trustee,” which term includes any successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties 
  

 19 

 
and immunities thereunder of the Company, the Guarantors, the Trustee, the holders of Senior Debt [if applicable, insert — and any Senior Guarantor
Debt] and the Holders of the Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof [if applicable, insert — limited in aggregate
principal amount to $[            ]. 
 This Security is the general,
[unsecured], senior obligation of the Company [if applicable, insert—and is guaranteed pursuant to a guarantee (the “Guarantee”) by [ insert name of each Guarantor ] (the “Guarantors”). The
Guarantee by each Guarantee is the general, [unsecured], senior obligation of such Guarantor]. 
 [If applicable, insert — The
Securities of this series are subject to redemption upon not less than 30 days’ nor more than 60 days’ notice, at any time [if applicable, insert — on or after
                , 20    ], as a whole or in part, at the election of the Company, at the following Redemption Prices (expressed as percentages of the
principal amount): If redeemed [if applicable, insert — on or before                 ,         %, and if redeemed] during
the 12-month period beginning of the years indicated, 
  

							
	 Year
	 	 Redemption Price
	 	 Year
	 	 Redemption Price

		 		 		 	
		 		 		 	

 and thereafter at a Redemption Price equal to % of the principal amount, together in the case of any such
redemption with accrued interest to the Redemption Date, but interest installments whose Stated Maturity is on or prior to such Redemption Date will be payable to the Holders of such Securities, or one or more Predecessor Securities, of record at
the close of business on the relevant Record Dates referred to on the face hereof, all as provided in the Indenture.] 
 [If the Security is
subject to redemption of any kind, insert — In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed portion hereof will be issued in the name of the Holder
hereof upon the cancellation hereof.] 
 The indebtedness evidenced by this Security is, to the extent provided in the Indenture, subordinate
and subject in right of payment to the prior payment in full of all Senior Debt [if applicable, insert — and the Guarantees by the Guarantors are, to the extent provided in the Indenture, subordinate and subject in right of payment to the prior
payment in full of all Senior Guarantor Debt], and this Security is issued subject to the provisions of the Indenture with respect thereto. Each Holder of this Security, by accepting the same, (a) agrees to and shall be bound by such
provisions, (b) authorizes and directs the Trustee on his or her behalf to take such actions as may be necessary or appropriate to effectuate the subordination so provided and (c) appoints the Trustee his or her attorney-in-fact for any
and all such purposes. Each Holder hereof, by his or her acceptance hereof, waives all notice of the acceptance of the subordination provisions contained herein and in the Indenture by each holder of Senior Debt [if applicable, insert — or
Senior Guarantor Debt], whether now outstanding or hereafter created, incurred, assumed or guaranteed, and waives reliance by each such holder upon said provisions. 
  

 20 

 [If applicable, insert — The Indenture contains provisions for defeasance at any time of the entire
indebtedness of this Security or certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture.] 
 [If the Security is not an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series shall occur
and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture.] 
 [If the Security is an Original Issue Discount Security, insert — If an Event of Default with respect to Securities of this series shall occur and be continuing, an amount of principal of the Securities of this
series may be declared due and payable in the manner and with the effect provided in the Indenture. Such amount shall be equal to — insert formula for determining the amount. Upon payment (i) of the amount of principal so declared due and
payable and (ii) of interest on any overdue principal, premium and interest (in each case to the extent that the payment of such interest shall be legally enforceable), all of the Company’s obligations in respect of the payment of the
principal of and premium and interest, if any, on the Securities of this series shall terminate.] 
 The Indenture permits, with certain
exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Company [if applicable, insert—and the Guarantors] and the rights of the Holders of the Securities to be affected under the
Indenture at any time by the Company [if applicable, insert—and the Guarantors] and the Trustee with the consent of the Holders of a majority in principal amount (including consents obtained in connection with a purchase of, or tender offer or
exchange offer for, Securities) of all Securities at the time Outstanding to be affected (considered together as one class for this purpose and such Securities to be affected potentially being Securities of the same or different series and, with
respect to any series, potentially comprising fewer than all the Securities of such series), except as may otherwise be provided pursuant to the Indenture for all or any specific Securities of any series. The Indenture also contains provisions
(i) permitting the Holders of a majority in principal amount (including waivers obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of the Securities at the time Outstanding to be affected under the
Indenture (considered together as one class for this purpose and such affected Securities potentially being Securities of the same or different series and, with respect to any particular series, potentially comprising fewer than all the Securities
of such series), on behalf of the Holders of all Securities so affected, to waive compliance by the Company [if applicable, insert—and the Guarantors] with certain provisions of the Indenture and (ii) permitting the Holders of a majority
in principal amount (including waivers obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of the Securities at the time Outstanding of any series to be affected under the Indenture (with each such series
considered separately for this purpose), on behalf of the Holders of all Securities of such series, to waive certain past defaults under the Indenture with respect to such series and their consequences, in the case of Clause (i) or (ii), except
as may otherwise be provided pursuant to the Indenture for all or any specific Securities of any series. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and upon all future Holders of this
Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Security. 
  

 21 

 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have
the right to institute any proceeding with respect to the Indenture, or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event
of Default with respect to the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to institute proceedings in
respect of such Event of Default as Trustee and offered the Trustee indemnity reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time
Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the
Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 
 No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and any
premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed [if applicable, insert—or alter or impair the obligation of each Guarantor, which is absolute and unconditional, to pay pursuant
to its Guarantee]. 
 As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is
registrable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, duly endorsed
by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this
series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 
 The Securities of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple thereof. As provided in the Indenture and subject to certain limitations therein
set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any
tax or other governmental charge payable in connection therewith. 
 Prior to due presentment of this Security for registration of transfer,
the Company, [if applicable, insert—any Guarantor,] the Trustee and any agent of the Company [if applicable, insert—any Guarantor] or the Trustee may treat the Person in whose name this Security is 

  

 22 

 
registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, [if applicable, insert—any
Guarantor,] the Trustee nor any such agent shall be affected by notice to the contrary. 
 [If this Security is a Global Security, insert
— This Security is a Global Security and is subject to the provisions of the Indenture relating to Global Securities, including the limitations therein on transfers and exchanges of Global Securities.] 
 This Security and the Indenture shall be governed by and construed in accordance with the law of the State of New York. 
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture, without regard to conflicts
of laws principles thereof. 
 Section 2.04. Form of Legend for Global Securities. Unless otherwise specified as contemplated by
Section 3.01 for the Securities evidenced thereby, every Global Security authenticated and delivered hereunder shall bear a legend in substantially the following form: 
 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE
THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN
THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
 Section 2.05. Form of Trustee’s Certificate of Authentication. The
Trustee’s certificates of authentication shall be in substantially the following form: 
 This is one of the Securities of the series
designated herein and referred to in the within-mentioned Indenture. 
  

					
	Dated:	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE
			
		 	By:	 	  

		 		 	Authorized Signatory

 ARTICLE III 
 THE SECURITIES 
 Section 3.01. Amount Unlimited; Issuable in Series. The aggregate principal
amount of Securities which may be authenticated and delivered under this Indenture is unlimited. 
  

 23 

 The Securities may be issued in one or more series. There shall be established in or pursuant to a Board
Resolution, and, subject to Section 3.03, set forth, or determined in the manner provided, in an Officers’ Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series,

 (1) the title of the Securities of the series (which shall distinguish the Securities of the series from Securities of any other series);

 (2) any limit upon the aggregate principal amount of the Securities of the series which may be authenticated and delivered under this
Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 3.04, Section 3.05,
Section 3.06, Section 9.06 or Section 11.07 and except for any Securities which, pursuant to Section 3.03, are deemed never to have been authenticated and delivered hereunder); 
 (3) the Person to whom any interest on a Security of the series shall be payable, if other than the Person in whose name that Security (or one or more
Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest; 
 (4) the date or dates on
which the principal of any Securities of the series is payable; 
 (5) the rate or rates at which any Securities of the series shall bear
interest, if any, the date or dates from which any such interest shall accrue, the Interest Payment Dates on which any such interest shall be payable and the Regular Record Date for any such interest payable on any Interest Payment Date; 

(6) the place or places where the principal of and any premium and interest on any Securities of the series shall be payable and the manner in which
any payment may be made; 
 (7) the period or periods within which, the price or prices at which and the terms and conditions upon which any
Securities of the series may be redeemed, in whole or in part, at the option of the Company and, if other than by a Board Resolution, the manner in which any election by the Company to redeem the Securities shall be evidenced; 
 (8) the obligation, if any, of the Company to redeem or purchase any Securities of the series pursuant to any sinking fund or analogous provisions or at
the option of the Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which any Securities of the series shall be redeemed or purchased, in whole or in part, pursuant to such
obligation; 
 (9) if other than denominations of $1,000 and any multiple thereof, the denominations in which any Securities of the series
shall be issuable; 
 (10) if the amount of principal of or any premium or interest on any Securities of the series may be determined with
reference to an index or pursuant to a formula, the manner in which such amounts shall be determined; 
  

 24 

 (11) if other than the currency of the United States of America, the currency, currencies, composite
currency, composite currencies or currency units in which the principal of or any premium or interest on any Securities of the series shall be payable and the manner of determining the equivalent thereof in the currency of the United States of
America for any purpose, including for the purposes of making payment in the currency of the United States of America and applying the definition of “Outstanding” in Section 1.01; 
 (12) if the principal of or any premium or interest on any Securities of the series is to be payable, at the election of the Company or the Holder
thereof, in one or more currencies, composite currencies or currency units other than that or those in which such Securities are stated to be payable, the currency, currencies, composite currency, composite currencies or currency units in which the
principal of or any premium or interest on such Securities as to which such election is made shall be payable, the periods within which and the terms and conditions upon which such election is to be made and the amount so payable (or the manner in
which such amount shall be determined); 
 (13) if other than the entire principal amount thereof, the portion of the principal amount of any
Securities of the series which shall be payable upon declaration of acceleration of the Maturity thereof pursuant to Section 5.02; 
 (14) if the principal amount payable at the Stated Maturity of any Securities of the series will not be determinable as of any one or more dates prior to the Stated Maturity, the amount which shall be deemed to be the principal amount of
such Securities as of any such date for any purpose thereunder or hereunder, including the principal amount thereof which shall be due and payable upon any Maturity other than the Stated Maturity or which shall be deemed to be Outstanding as of any
date prior to the Stated Maturity (or, in any such case, the manner in which such amount deemed to be the principal amount shall be determined); 
 (15) if applicable, that the Securities of the series, in whole or any specified part, shall not be defeasible pursuant to Section 13.02 or Section 13.03 or both such Sections, and, if such Securities may be
defeased, in whole or in part, pursuant to either or both such Sections, any provisions to permit a pledge of obligations other than U.S. Government Obligations (or the establishment of other arrangements) to satisfy the requirements of
Section 13.04(1) for defeasance of such Securities and, if other than by a Board Resolution, the manner in which any election by the Company to defease such Securities shall be evidenced; 
 (16) if applicable, that any Securities of the series shall be issuable in whole or in part in the form of one or more Global Securities and, in such
case, the respective Depositaries for such Global Securities, the form of any legend or legends which shall be borne by any such Global Security in addition to or in lieu of that set forth in Section 2.04, any addition to, elimination of
or other change in the circumstances set forth in Clause (2) of the penultimate paragraph of Section 5.02 in which any such Global Security may be exchanged in whole or in part for Securities registered, and any transfer of such
Global Security in whole or in part may be registered, in the name or names of Persons other than the Depositary for such Global Security or a nominee thereof and any other provisions governing exchanges or transfers of any such Global Security;

  

 25 

 (17) any addition to, elimination of or other change in the Events of Default which applies to any
Securities of the series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 5.02; 
 (18) any addition to, elimination of or other change in the covenants set forth in ARTICLE X which applies to Securities of the series;

 (19) any provisions necessary to permit or facilitate the issuance, payment or conversion of any Securities of the series that may be
converted into securities or other property other than Securities of the same series and of like tenor, whether in addition to, or in lieu of, any payment of principal or other amount and whether at the option of the Company or otherwise;

 (20) if applicable, that Persons other than those specified in Section 1.11 shall have such benefits, rights, remedies and
claims with respect to any Securities of the series or under this Indenture with respect to such Securities, as and to the extent provided for such Securities; 
 (21) any change in the actions permitted or required under this Indenture to be taken by or on behalf of the Holders of the Securities of the series, including any such change that permits or requires any or all such
actions to be taken by or on behalf of the Holders of any specific Securities of the series rather than or in addition to the Holders of all Securities of the series; 
 (22) if the Securities of the series are to be guaranteed by any Guarantors, the names of the Guarantors of the Securities of the series (which may, but need not, include any or all of the Initial Guarantors) and the
terms of the Guarantees of the Securities of the series, if such terms differ from those set forth in Section 14.01, and any deletions from, or modifications or additions to, the provisions of ARTICLE XIV or any other provisions
of this Indenture in connection with the Guarantees of the Securities of the series; 
 (23) whether the Securities of such series are to be
secured by any property, assets or other collateral and, if so, the applicable collateral, any deletions from, or modifications or additions to, the provisions of Article XVI hereof or any other provisions of this Indenture in connection
therewith or in connection with any other instrument or agreement entered into in connection therewith; and 
 (24) any other terms of the
series (which terms shall not be inconsistent with the provisions of this Indenture, except as permitted by Section 9.01(5)). 
 If the Securities of the series are to be guaranteed by any Guarantor pursuant to ARTICLE XIV, there shall be established in or pursuant to a Guarantor’s Board Resolution of such Guarantor and, subject to
Section 3.03, set forth, or determined in the manner provided, in a Guarantor’s Officers’ Certificate of such Guarantor, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of the
series, the terms of the Guarantees by such Guarantor with respect to the Securities of the series, if such terms differ from those set forth in Section 14.01. 
  

 26 

 All Securities of any one series shall be substantially identical except as to denomination and except as
may otherwise be provided in or pursuant to the Board Resolution referred to above and (subject to Section 3.03) set forth, or determined in the manner provided, in the Officers’ Certificate referred to above or in any such
indenture supplemental hereto. All Securities of any one series need not be issued at the same time and, unless otherwise provided pursuant to this Section 3.01 for any series, after issuance of Securities of such series, such series may
be reopened for issuances of additional Securities of that series. 
 The terms of any Security of a series may differ from the terms of
other Securities of the same series, if and to the extent provided pursuant to this Section 3.01. The matters referenced in any or all of Clauses (1) through (23) above may be established and set forth or determined as
aforesaid with respect to all or any specific Securities of a series (in each case to the extent permitted by the Trust Indenture Act). 
 If
any of the terms of the series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Company and delivered to the Trustee
at or prior to the delivery of the Officers’ Certificate setting forth the terms of the series. 
 If any of the terms of the Guarantees
by any Guarantor of the Securities of the series are established by action taken pursuant to a Guarantor’s Board Resolution of such Guarantor, a copy of an appropriate record of such action shall be certified by the Secretary or an Assistant
Secretary of such Guarantor and delivered to the Trustee at or prior to the delivery of the Guarantor’s Officers’ Certificate of such Guarantor setting forth the terms of such Guarantees. 
 The Securities shall be subordinated in right of payment to Senior Debt as provided in ARTICLE XV. 
 Section 3.02. Denominations. The Securities of each series shall be issuable only in registered form without coupons and only in such
denominations as shall be specified as contemplated by Section 3.01. In the absence of any such specified denomination with respect to the Securities of any series, the Securities of such series shall be issuable in denominations of
$1,000 and any integral multiple thereof. 
 Section 3.03. Execution, Authentication, Delivery and Dating. The Securities shall be
executed on behalf of the Company by its Chairman of the Board, President or a Vice President of the Company (or any other officer of the Company designated in writing by or pursuant to authority of the Board of Directors and delivered to the
Trustee from time to time). The signature of any of these officers on the Securities may be manual or facsimile. If the terms of the Securities of any series provide that any Guarantee by any Guarantor is to be endorsed on or otherwise attached to,
or made part of, Securities of any series, and if the terms of such Securities provide for the execution of such Guarantee by such Guarantor (it being understood and agreed that the terms of Securities of any series may, but need not, provide for
the execution of any Guarantee by any Guarantor), such Guarantee shall be executed on behalf of such Guarantor by the Chairman of the Board, President or a Vice President of such Guarantor (or any other officer of such Guarantor designated in
writing by or pursuant to authority of the Guarantor’s Board of Directors and delivered to the Trustee from time to time). The signature of any of these officers on any Guarantee may be manual or facsimile. 
  

 27 

 Securities and any Guarantees by any Guarantor endorsed thereon bearing the manual or facsimile
signatures of individuals who were at any time the proper officers of the Company or such Guarantor, as the case may be, shall bind the Company or such Guarantor, as the case may be, notwithstanding that such individuals or any of them have ceased
to hold such offices prior to the authentication and delivery of such Securities or did not hold such offices at the date of such Securities. 
 At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Securities of any series executed by the Company, together with, if the terms of such Securities provide for the endorsement
thereon of any Guarantees by any Guarantor, such Guarantees endorsed hereon and, if such terms so provide, executed by such Guarantor, to the Trustee for authentication, together with a Company Order and, if any Guarantee by a Guarantor is to be
endorsed on such Securities, a Guarantor Order of such Guarantor, for the authentication and delivery of such Securities with any such Guarantees endorsed thereon, and the Trustee in accordance with the Company Order shall authenticate and deliver
such Securities with any such Guarantees endorsed thereon. If the form or terms of the Securities of the series have been established by or pursuant to one or more Board Resolutions or the form or terms of any Guarantees thereof by any Guarantor
have been established by or pursuant to one or more Guarantor’s Board Resolutions of such Guarantor as permitted by Section 2.01 and Section 3.01 in authenticating such Securities with any such Guarantees endorsed
thereon, and accepting the additional responsibilities under this Indenture in relation to such Securities and such Guarantees, the Trustee shall be entitled to receive, and (subject to Section 6.01) shall be fully protected in relying
upon, an Opinion of Counsel stating, 
 (1) if the form of such Securities or any Guarantee by any Guarantor endorsed thereon has been
established by or pursuant to Board Resolution or Guarantor’s Board Resolution of such Guarantor, as permitted by Section 2.01, that such form has been established in conformity with the provisions of this Indenture; 
 (2) if the terms of such Securities or any Guarantee thereof by a Guarantor have been established by or pursuant to Board Resolution or Guarantor’s
Board Resolution of such Guarantor as permitted by Section 3.01, that such terms have been established in conformity with the provisions of this Indenture; and 
 (3) that when such Securities with any Guarantees endorsed thereon have been authenticated and delivered by the Trustee and issued by the Company in the
manner and subject to any conditions specified in such Opinion of Counsel, such Securities and such Guarantee will constitute valid and legally binding obligations of the Company or such Guarantor, respectively, enforceable in accordance with their
terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles and subject to any limitation with
respect to payments in currency other than U.S. dollars. 
  

 28 

 If such form or terms have been so established, the Trustee shall not be required to authenticate such
Securities with any Guarantees endorsed thereon if the issue of such Securities with any Guarantees endorsed thereon pursuant to this Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture
or otherwise in a manner which is not reasonably acceptable to the Trustee. 
 Notwithstanding the provisions of Section 3.01 and
of the preceding paragraph, if all Securities of a series are not to be originally issued at one time, it shall not be necessary to deliver the Officers’ Certificate or Guarantor’s Officers’ Certificate otherwise required pursuant to
Section 3.01 or the Company Order, any Guarantor Order and Opinion of Counsel otherwise required pursuant to such preceding paragraph at or prior to the authentication of each Security of such series if such documents are delivered at or
prior to the authentication upon original issuance of the first Security of such series to be issued. 
 Each Security shall be dated the
date of its authentication. 
 No Security, nor any Guarantee endorsed thereon, shall be entitled to any benefit under this Indenture or be
valid or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein executed by the Trustee by manual signature, and such certificate upon any Security shall be
conclusive evidence, and the only evidence, that such Security with any Guarantees endorsed thereon has been duly authenticated and delivered hereunder. Notwithstanding the foregoing, if any Security shall have been authenticated and delivered
hereunder but never issued and sold by the Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 3.09, for all purposes of this Indenture such Security shall be deemed never to have
been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 
 Wherever herein it shall provide
for the Company to execute, and the Trustee to authenticate and deliver, Securities of any series, if the terms of such Securities provide for the endorsement thereon of the Guarantees by any Guarantor, the Company shall cause such Securities so
executed by the Company and authenticated and delivered by the Trustee to have such Guarantees endorsed thereon, and, if such terms require such Guarantees to be executed by such Guarantor, such Guarantees to be executed by such Guarantor.

 Section 3.04. Temporary Securities. Pending the preparation of definitive Securities of any series, the Company may execute, and
upon Company Order and, if any Guarantees by a Guarantor are so to be endorsed on such Securities, a Guarantor Order of such Guarantor, the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten,
mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the
officers executing such Securities or Guarantees, respectively, may determine, as evidenced by their execution of such Securities or Guarantees, respectively. 
 If temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of 

  

 29 

 
definitive Securities of such series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender
of the temporary Securities of such series at the office or agency of the Company in a Place of Payment for that series, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series, the Company
shall execute and the Trustee shall authenticate and deliver in exchange therefor one or more definitive Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, the
temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series and tenor. 
 Section 3.05. Registration, Registration of Transfer and Exchange. The Company shall cause to be kept at each office or agency of the Company designated as a Place of Payment pursuant to the first paragraph of
Section 10.02 a register (the register maintained in each such office or agency of the Company in a Place of Payment being herein sometimes collectively referred to as the “Security Register”) in which, subject to
such reasonable regulations as it may prescribe, the Company shall provide for the registration of Securities and of transfers of Securities. The Trustee is hereby appointed “Security Registrar” for the purpose of registering Securities
and transfers of Securities as herein provided. 
 Upon surrender for registration of transfer of any Security of a series at the office or
agency of the Company in a Place of Payment for that series, the Company and, if applicable, the Guarantors shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new
Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount. 
 At the option of the
Holder, Securities of any series may be exchanged for other Securities of the same series, of any authorized denominations and of like tenor and aggregate principal amount, upon surrender of the Securities to be exchanged at such office or agency.
Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Securities, which the Holder making the exchange is entitled to receive. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid obligations of the Company, evidencing the same
debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 
 Every Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company, any Guarantor or the Trustee) be duly endorsed, or be accompanied by a written instrument of transfer in form
satisfactory to the Company and the Security Registrar duly executed, by the Holder thereof or his attorney duly authorized in writing. 
 No
service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of
transfer or exchange of Securities, other than exchanges pursuant to Section 3.04, Section 9.06 or Section 11.07 not involving any transfer. 
  

 30 

 If the Securities of any series (or of any series and specified tenor) are to be redeemed in whole or in
part, the Company shall not be required (A) to issue, register the transfer of or exchange any Securities of that series (or of that series and specified tenor, as the case may be) during a period beginning at the opening of business 15 days
before the day of mailing of a notice of redemption of any such Securities under Section 11.03 and ending at the close of business on the day of such mailing (or during such period as otherwise specified pursuant to
Section 3.01 for such Securities), or (B) to register the transfer of or exchange any Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part. 
 The provisions of Clauses (1), (2), (3) and (4) below shall apply only to Global Securities: 
 (1) Each Global Security authenticated under this Indenture shall be registered in the name of the Depositary designated for such Global Security or a
nominee thereof and delivered to such Depositary or a nominee thereof or custodian therefor, and each such Global Security shall constitute a single Security for all purposes of this Indenture. 
 (2) Notwithstanding any other provision in this Indenture, and subject to such applicable provisions, if any, as may be specified as contemplated by
Section 3.01, no Global Security may be exchanged in whole or in part for Securities registered, and no transfer of a Global Security in whole or in part may be registered, in the name of any Person other than the Depositary for such
Global Security or a nominee thereof unless (A) such Depositary has notified the Company that it (i) is unwilling or unable to continue as Depositary for such Global Security or (ii) has ceased to be a clearing agency registered under
the Exchange Act, or (B) the Company has executed and delivered to the Trustee a Company Order stating that such Global Security shall be exchanged in whole for Securities that are not Global Securities (in which case such exchange shall
promptly be effected by the Trustee). If the Company receives a notice of the kind specified in Clause (A) above or has delivered a Company Order of the kind specified in Clause (B) above, it may, in its sole discretion, designate a
successor Depositary for such Global Security within 90 days after receiving such notice or delivery of such order, as the case may be. If the Company designates a successor Depositary as aforesaid, such Global Security shall promptly be exchanged
in whole for one or more other Global Securities registered in the name of the successor Depositary, whereupon such designated successor shall be the Depositary for such successor Global Security or Global Securities and the provisions of Clauses
(1), (2), (3) and (4) of this provision shall continue to apply thereto. 
 (3) Subject to Clause (2) above and to such
applicable provisions, if any, as may be specified as contemplated by Section 3.01, any exchange of a Global Security for other Securities may be made in whole or in part, and all Securities issued in exchange for a Global Security or
any portion thereof shall be registered in such names as the Depositary for such Global Security shall direct. 
  

 31 

 (4) Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in
lieu of, a Global Security or any portion thereof, whether pursuant to this Section, Section 3.04, Section 3.06, Section 9.06 or Section 11.07 or otherwise, shall be authenticated and delivered in the
form of, and shall be, a Global Security, unless such Security is registered in the name of a Person other than the Depositary for such Global Security or a nominee thereof. 
 Every Person who takes or holds any beneficial interest in a Global Security agrees that: 
 (1) the Company and the Trustee may deal with the Depositary as sole owner of the Global Security and as the authorized representative of such Person;

 (2) such Person’s rights in the Global Security shall be exercised only through the Depositary and shall be limited to those
established by law and agreement between such Person and the Depositary and/or direct and indirect participants of the Depositary; 
 (3) the
Depositary and its participants make book-entry transfers of beneficial ownership among, and receive and transmit distributions of principal and interest on the Global Securities to, such Persons in accordance with the Applicable Procedures of the
Depositary; and 
 (4) none of the Company, the Trustee nor any agent of the Company or the Trustee will have any responsibility or liability
for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Section 3.06. Mutilated, Destroyed, Lost and Wrongfully Taken Securities. If (a) any mutilated Security is surrendered to the Trustee or
(b) both (i) there shall be delivered to the Company and the Trustee (A) a claim by a Holder as to the destruction, loss or wrongful taking of any Security of such Holder and a request thereby for a new replacement Security of the
same series, and (B) such indemnity bond as may be required by them to save each of them and any agent of either of them harmless and (ii) such other reasonable requirements as may be imposed by the Company as permitted by
Section 8-405 of the Uniform Commercial Code have been satisfied, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a “protected purchaser” within the meaning of Section 8-405 of
the Uniform Commercial Code, the Company shall execute and upon its request the Trustee shall authenticate and deliver, in lieu of any such mutilated, destroyed, lost or wrongfully taken Security, a new Security of the same series and of like tenor
and principal amount and bearing a number not contemporaneously Outstanding. 
 In case any such mutilated, destroyed, lost or wrongfully
taken Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security. 
 Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other
expenses (including the fees and expenses of the Trustee) connected therewith. 
  

 32 

 Every new Security of any series issued pursuant to this Section in lieu of any destroyed, lost or
wrongfully taken Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or wrongfully taken Security shall be at any time enforceable by anyone, and shall be entitled to all the
benefits of this Indenture equally and proportionately with any and all other Securities of that series duly issued hereunder. 
 The
provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or wrongfully taken Securities. 
 Section 3.07. Payment of Interest; Interest Rights Preserved. Except as otherwise provided as contemplated by Section 3.01 with
respect to any Securities of a series, interest on any Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor
Securities) is registered at the close of business on the Regular Record Date for such interest (or, if no business is conducted by the Trustee at its Corporate Trust Office on such date, at 5:00 P.M. New York City time on such date). 
 Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called
“Defaulted Interest”) shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each
case, as provided in Clause (1) or (2) below: 
 (1) The Company may elect to make payment of any Defaulted Interest payable on any
Securities of a series to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which shall be fixed in
the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each of such Securities and the date of the proposed payment, and at the same time the Company shall deposit with the
Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when
deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this Clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest which shall be not more
than 15 days and not less than 10 days prior to the date of the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record
Date and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder of such Securities in the manner set forth in
Section 1.06, not less than 10 days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been so mailed, such Defaulted Interest shall be paid to the
Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following Clause (2). 
  

 33 

 (2) The Company may make payment of any Defaulted Interest on any Securities of a series in any other
lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed
payment pursuant to this Clause, such manner of payment shall be deemed practicable by the Trustee. 
 Except as may otherwise be provided in
this Section 3.07 or as contemplated in Section 3.01 with respect to any Securities of a series, the Person to whom interest shall be payable on any Security that first becomes payable on a day that is not an Interest Payment
Date shall be the Holder of such Security on the day such interest is paid. 
 Subject to the foregoing provisions of this Section, each
Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security. 

In the case of any Security which is converted after any Regular Record Date and on or prior to the next succeeding Interest Payment Date (other than
any Security whose Maturity is prior to such Interest Payment Date), interest whose Stated Maturity is on such Interest Payment Date shall be payable on such Interest Payment Date notwithstanding such conversion, and such interest (whether or not
punctually paid or duly provided for) shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on such Regular Record Date. Except as otherwise expressly provided in the
immediately preceding sentence, in the case of any Security which is converted, interest whose Stated Maturity is after the date of conversion of such Security shall not be payable. 
 Notwithstanding the foregoing, the terms of any Security that may be converted may provide that the provisions of this paragraph do not apply, or apply
with such additions, changes or omissions as may be provided thereby, to such Security. 
 Section 3.08. Persons Deemed Owners. Prior
to due presentment of a Security for registration of transfer, the Company, any Guarantor and the Trustee and any agent of the Company, any Guarantor or the Trustee may treat the Person in whose name such Security is registered as the owner of such
Security for the purpose of receiving payment of principal of and any premium and (subject to Section 3.07) any interest on such Security and for all other purposes whatsoever, whether or not such Security be overdue, and neither the
Company, any Guarantor, the Trustee nor any agent of the Company, any Guarantor or the Trustee shall be affected by notice to the contrary. 
 Section 3.09. Cancellation. All Securities surrendered for payment, redemption, registration of transfer or exchange or conversion or for credit against any sinking fund payment shall, if surrendered to any Person other than the
Trustee, be delivered to the Trustee and shall be promptly canceled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have acquired in any
manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities so delivered
shall be promptly canceled 

  

 34 

 
by the Trustee. No Securities shall be authenticated in lieu of or in exchange for any Securities canceled as provided in this Section, except as expressly
permitted by this Indenture. All canceled Securities held by the Trustee shall be disposed of in accordance with the Trustee’s customary procedures. 
 Section 3.10. Computation of Interest. Except as otherwise specified as contemplated by Section 3.01 for Securities of any series, interest on the Securities of each series shall be computed on the
basis of a 360-day year of twelve 30-day months. 
 Section 3.11. CUSIP Numbers. The Company in issuing the Securities may use CUSIP
numbers (if then generally in use) and, if so, the Trustee shall use CUSIP numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to the correctness of such numbers
either as printed on the Securities or as contained in any notice of redemption and that reliance may be placed only on the other identification numbers printed on the Securities. Any such redemption shall not be affected by any defect in or
omission of such CUSIP numbers. The Company shall promptly notify the Trustee in writing of any change in the CUSIP numbers. 
 ARTICLE IV

 SATISFACTION AND DISCHARGE 
 Section 4.01. Satisfaction and Discharge of Indenture. This Indenture shall upon Company Request cease to be of further effect with respect to the Securities of any series and any Guarantees of such Securities (except as to any
surviving rights of conversion, registration of transfer or exchange of any such Security expressly provided for herein or in the terms of such Security), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging
satisfaction and discharge of this Indenture with respect to such Securities, when 
 (1) either 
 (A) all such Securities theretofore authenticated and delivered (other than (i) Securities which have been destroyed, lost or wrongfully taken and
which have been replaced or paid as provided in Section 3.06 and (ii) Securities for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or
discharged from such trust, as provided in Section 11.03) have been delivered to the Trustee for cancellation; or 
 (B) all
such Securities not theretofore delivered to the Trustee for cancellation 
  

	 	(i)	have become due and payable, or 

  

	 	(ii)	will become due and payable at their Stated Maturity within one year, or 

  

	 	(iii)	are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense,
of the Company, 

  

 35 

 and the Company, in the case of (i), (ii) or (iii) above, has deposited or caused to be deposited with the
Trustee as trust funds in trust for such purpose money in an amount sufficient to pay and discharge the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and any premium and interest to
the date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be; 
 (2) the Company has paid or caused to be paid all other sums payable hereunder by the Company with respect to such Securities; and 
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this
Indenture with respect to such Securities have been complied with. 
 Notwithstanding the satisfaction and discharge of this Indenture with
respect to Securities of any series, the obligations of the Company to the Trustee under Section 6.07, the obligations of the Company to any Authenticating Agent under Section 6.14, and, if money shall have been deposited
with the Trustee pursuant to subclause (B) of Clause (1) of this Section with respect to such Securities, the obligations of the Company of such series under Section 10.02 and the obligations of the Trustee under
Section 4.02, Section 6.06 and the last paragraph of Section 10.03 with respect to such Securities shall survive such satisfaction and discharge. 
 Section 4.02. Application of Trust Money. Subject to the provisions of the last paragraph of Section 10.03, all money deposited with
the Trustee pursuant to Section 4.01 with respect to Securities of any series shall be held in trust and applied by it, in accordance with the provisions of such Securities and this Indenture, to the payment, either directly or through
any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal and any premium and interest for whose payment such money has been deposited with the Trustee.
All moneys deposited with the Trustee pursuant to Section 4.01 (and held by it or any Paying Agent) for the payment of Securities subsequently converted shall be returned to the Company upon Company Request, to the extent originally
deposited by the Company. The Company may direct by a Company Order the investment of any money deposited with the Trustee pursuant to Section 4.01, without distinction between principal and income, in (1) United States Treasury
Securities with a maturity of one year or less or (2) a money market fund that invests solely in short term United States Treasury Securities and from time to time the Company may direct the reinvestment of all or a portion of such money in
other securities or funds meeting the criteria specified in Clause (1) or (2) of this sentence. 
 ARTICLE V 
 REMEDIES 
 Section 5.01. Events of
Default. 
 Except as may otherwise be provided pursuant to Section 3.01 for all or any specific Securities of any series,
“Event of Default,” wherever used herein with respect to the 

  

 36 

 
Securities of that series, means any one of the following events (whatever the reason for such Event of Default and whether it shall be occasioned by the
provisions of ARTICLE XV or be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body): 
 (1) default in the payment of any interest upon any Security of that series when it becomes due and payable, and continuance of such default for a period
of 30 days; or 
 (2) default in the payment of the principal of or any premium on any Security of that series at its Maturity; or

 (3) default in the deposit of any sinking fund payment, when and as due by the terms of a Security of that series and continuance of such
default for a period of 60 days; or 
 (4) default in the performance, or breach, of any covenant or warranty of the Company in this
Indenture (other than a covenant or warranty a default in whose performance or whose breach is elsewhere in this Section specifically dealt with or which has expressly been included in this Indenture solely for the benefit of series of Securities
other than that series), and continuance of such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in
principal amount of the Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default “hereunder; or 

(5) the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Company in an involuntary case
or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking
reorganization, arrangement, adjustment or composition of or in respect of the Company under any applicable Federal or State law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the
Company or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 90
consecutive days (provided that, if any Person becomes the successor to the Company pursuant to ARTICLE VIII and such Person is organized and validly existing under the law of a jurisdiction outside the United States, each reference in this
Clause (5) to an applicable Federal or State law of a particular kind shall be deemed to refer to such law or any applicable comparable law of such non-U.S. jurisdiction, for as long as such Person is the successor to the Company hereunder and
is so organized and existing); or 
 (6) the commencement by the Company of a voluntary case or proceeding under any applicable Federal or
State bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree or order for relief in respect of the Company in an
involuntary case or proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against 

  

 37 

 
it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the consent by it
to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or of any substantial part of its property, or the making by
it of an assignment for the benefit of creditors, or the admission by it in writing of its inability to pay its debts generally as they become due, or the taking of corporate action by the Company in furtherance of any such action (provided that, if
any Person becomes the successor to the Company pursuant to ARTICLE VIII and such Person is organized and validly existing under the law of a jurisdiction outside the United States, each reference in this Clause (6) to an applicable
Federal or State law of a particular kind shall be deemed to refer to such law or any applicable comparable law of such non-U.S. jurisdiction, for as long as such Person is the successor to the Company hereunder and is so organized and existing); or

 (7) if ARTICLE XIV has been made applicable with respect to such Securities, the Guarantee of the Securities of such series by any
Guarantor shall for any reason cease to be, or shall for any reason be asserted in writing by such Guarantor or the Company not to be, in full force and effect and enforceable in accordance with its terms, except to the extent contemplated or
permitted by this Indenture or by the terms of the Securities of such series established pursuant to Section 3.01; or 
 (8) any
other Event of Default provided with respect to Securities of that series in accordance with Section 3.01. 
 Section 5.02.
Acceleration of Maturity; Rescission and Annulment. Except as may otherwise be provided pursuant to Section 3.01 for all or any specific Securities of any series, if an Event of Default (other than an Event of Default specified in
Section 5.01(5) or Section 5.01(6)) with respect to Securities of that series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal amount of
the Outstanding Securities of that series may declare the principal amount of all the Securities of that series (or, in the case of any Security of that series which specifies an amount to be due and payable thereon upon acceleration of the Maturity
thereof, such amount as may be specified by the terms thereof) to be due and payable immediately, by a notice in writing to the Company and any Guarantor of the Securities of that series (and to the Trustee if given by Holders), and upon any such
declaration such principal amount (or specified amount) shall become immediately due and payable. Except as may otherwise be provided pursuant to Section 3.01 for all or any specific Securities of any series, if an Event of Default
specified in Section 5.01(5) or Section 5.01(6) with respect to Securities of that series at the time Outstanding occurs, the principal amount of all the Securities of that series (or, in the case of any Security of that
series which specifies an amount to be due and payable thereon upon acceleration of the Maturity thereof, such amount as may be specified by the terms thereof) shall automatically, and without any declaration or other action on the part of the
Trustee or any Holder, become immediately due and payable. Except as may otherwise be provided pursuant to Section 3.01 for all or any specific Securities of any series, at any time after such a declaration of acceleration with respect
to Securities of that series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the Outstanding
Securities of that series, by written notice to the Company, any Guarantor of the Securities of that series and the Trustee, may rescind and annul such declaration and its consequences if 
  

 38 

 (1) the Company or any such Guarantor has paid or deposited with the Trustee a sum sufficient to pay

 (A) all overdue interest on all Securities of that series, 
 (B) the principal of (and premium, if any, on) any Securities of that series which have become due otherwise than by such declaration of acceleration and any interest thereon at the rate or rates prescribed therefor
in such Securities, 
 (C) to the extent that payment of such interest is lawful, interest upon overdue interest at the rate or rates
prescribed therefor in such Securities, and 
 (D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation,
expenses, disbursements and advances of the Trustee, its agents and counsel; and 
 (2) all Events of Default with respect to Securities of
that series, other than the non-payment of the principal of Securities of that series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 5.13. 
 No such rescission shall affect any subsequent default or impair any right consequent thereon. 
 Section 5.03. Collection of Indebtedness and Suits for Enforcement by Trustee. The Company covenants that if 
 (1) default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues for a period of
60 days, or 
 (2) default is made in the payment of the principal of (or premium, if any, on) any Security at the Maturity thereof,

 the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such
Securities for principal and any premium and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and premium and on any overdue interest, at the rate or rates prescribed therefor
in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and
counsel. 
 If an Event of Default with respect to Securities of any series occurs and is continuing, the Trustee may in its discretion
proceed to protect and enforce its rights and the rights of the Holders of Securities of such series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific
enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy. 
  

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 Section 5.04. Trustee May File Proofs of Claim. In case of any judicial proceeding relative to the
Company, any Guarantor or any other obligor upon the Securities, their property or their creditors, the Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under the Trust
Indenture Act in order to have claims of the Holders and the Trustee allowed in any such proceeding. The Trustee shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the
same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee
shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the
Trustee under Section 6.07. 
 No provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to
or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in
any such proceeding; provided, however, that the Trustee may, on behalf of the Holders, vote for the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee. 

Section 5.05. Trustee May Enforce Claims Without Possession of Securities. All rights of action and claims under this Indenture or the
Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name
as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the
Holders of the Securities in respect of which such judgment has been recovered. 
 Section 5.06. Application of Money Collected. Any
money collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium or interest, upon
presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 
 FIRST: To the payment of all amounts due the Trustee under Section 6.07; 
 SECOND: Subject to Article XV, to the
payment of the amounts then due and unpaid for principal of and any premium and interest on the Securities in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any kind, according
to the amounts due and payable on such Securities for principal and any premium and interest, respectively; and 
  

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 THIRD: To the payment of the remainder, if any, to the Company, any Guarantor or to whomsoever may be
lawfully entitled to receive the same as a court of competent jurisdiction may direct. 
 Section 5.07. Limitation on Suits. No Holder
of any Security of any series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless 
 (1) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that series;

 (2) the Holders of not less than 25% in principal amount of the Outstanding Securities of that series shall have made written request to
the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder; 
 (3) such Holder or Holders
have offered to the Trustee indemnity reasonably satisfactory to it against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (4) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and 
 (5) no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal
amount of the Outstanding Securities of that series; 
 it being understood and intended that no one or more of such Holders shall have any right in any
manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over any other of such Holders or to
enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all of such Holders (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such
actions or forbearances are unduly prejudicial to such Holders). 
 Section 5.08. Unconditional Right of Holders to Receive Principal,
Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium and (subject
to Section 3.07) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date), and, if the terms of such Security so provide, to convert such Security in
accordance with its terms, and to institute suit for the enforcement of any such payment and, if applicable, any such right to convert, and such rights shall not be impaired without the consent of such Holder. 
 Section 5.09. Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under
this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any 

  

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determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder
and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted. 
 Section 5.10. Rights and Remedies Cumulative. Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or wrongfully taken Securities in the last paragraph of Section 3.06, no
right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every
other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other
appropriate right or remedy. 
 Section 5.11. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder of
any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or
by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 Section 5.12. Control by Holders. The Holders of a majority in principal amount of the Outstanding Securities of any series shall have the right to direct the time, method and place of conducting any proceeding
for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such series, provided that 
 (1) such direction shall not be in conflict with any rule of law or with this Indenture; 
 (2) the Trustee
may take any other action deemed proper by the Trustee which is not inconsistent with such direction; and 
 (3) subject to the provisions of
Section 6.01, the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall determine that the proceeding so directed would involve the Trustee in personal liability. 
 Section 5.13. Waiver of Past Defaults. Except as may otherwise be provided pursuant to Section 3.01 for all or any specific Securities
of any series, the Holders of not less than a majority in principal amount (including waivers obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of the Outstanding Securities of any series to be affected
under this Indenture may on behalf of the Holders of all the Securities of such series waive any past default hereunder with respect to such series and its consequences, except a default 
 (1) in the payment of the principal of or any premium or interest on any Security of such series, or 
  

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 (2) in respect of a covenant or provision hereof which under ARTICLE IX cannot be modified or
amended without the consent of the Holder of each Outstanding Security of such series affected. 
 Upon any such waiver with respect to any
series, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, with respect to such series for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other
default or impair any right consequent thereon. A waiver of any past default and its consequences given by or on behalf of any Holder of Securities in connection with a purchase of, or tender or exchange offer for, such Holder’s Securities will
not be rendered invalid by such purchase, tender or exchange. 
 Section 5.14. Undertaking for Costs. In any suit for the enforcement
of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, a court may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and
may assess costs, including reasonable attorneys’ fees and expenses, against any such party litigant, in the manner and to the extent provided in the Trust Indenture Act; provided that neither this Section nor the Trust Indenture Act shall be
deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted by the Company, any Guarantor or the Trustee or, if applicable, in any suit for the enforcement of the right to convert any Security in
accordance with its terms. 
 Section 5.15. Waiver of Usury, Stay or Extension Laws. The Company and each Guarantor covenants (to the
extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force,
which may affect the covenants or the performance of this Indenture; and the Company and each Guarantor (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not
hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE VI 
 THE TRUSTEE 
 Section 6.01. Certain Duties and Responsibilities. (a) Except during the continuance of an Event of Default, 
 (1) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and as are provided by the Trust
Indenture Act, and, except for implied covenants or obligations under the Trust Indenture Act, no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions
expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically 

  

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required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements
of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 
 (b) In
case an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use
under the circumstances in the conduct of such person’s own affairs. 
 (c) No provision of this Indenture shall be construed to relieve
the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that 
 (1)
this Subsection shall not be construed to limit the effect of the first paragraph of this Section; 
 (2) the Trustee shall not be liable for
any error of judgment made in good faith by a Responsible Officer, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (3) the Trustee shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Holders of a majority in principal amount of the Outstanding
Securities of any series, determined as provided in Section 5.12, relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee,
under this Indenture with respect to the Securities of such series; and 
 (4) no provision of this Indenture shall require the Trustee to
expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if it shall have reasonable grounds for believing that repayment of such
funds or adequate indemnity against such risk or liability is not reasonably assured to it. 
 (d) Whether or not therein expressly so
provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 
 Section 6.02. Notice of Defaults. If a default occurs hereunder with respect to Securities of any series, the Trustee shall give the Holders of
Securities of such series notice of such default as and to the extent provided by the Trust Indenture Act; provided, however, that in the case of any default of the character specified in Section 5.01(4) with respect to
Securities of such series, no such notice to Holders shall be given until at least 60 days after the occurrence thereof. For the purpose of this Section, the term “default” means any event which is, or after notice or lapse
of time or both would become, an Event of Default with respect to Securities of such series. 
  

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 Section 6.03. Certain Rights of Trustee. Subject to the provisions of Section 6.01:

 (1) the Trustee may conclusively rely and shall be protected in acting or refraining from acting upon any resolution, certificate,
statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document believed by it to be genuine and to have been signed or presented by the proper
party or parties; 
 (2) any request or direction of the Company mentioned herein shall be sufficiently evidenced by a Company Request or
Company Order and any request or direction of a Guarantor mentioned herein shall be sufficiently evidenced by a Guarantor Request or Guarantor Order of such Guarantor, and any resolution of the Board of Directors shall be sufficiently evidenced by a
Board Resolution and any resolution of a Guarantor’s Board of Directors may be sufficiently evidenced by a Guarantor’s Board Resolution; 
 (3) whenever in the administration of this Indenture the Trustee shall deem it desirable that a matter be proved or established prior to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein
specifically prescribed) shall be entitled to receive and may, in the absence of bad faith on its part, conclusively rely upon an Officers’ Certificate or if such matter relates to a Guarantor, a Guarantor’s Officers’ Certificate of
such Guarantor; 
 (4) the Trustee may consult with counsel of its selection and the advice of such counsel or any Opinion of Counsel shall
be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon; 
 (5) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders pursuant to this Indenture, unless such Holders
shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; 
 (6) the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or
matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company and, if applicable, the Guarantors, personally or by agent
or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation; 
 (7) the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any misconduct or
negligence on the part of any agent or attorney appointed with due care by it hereunder and shall not be responsible for the supervision of officers and employees of such agents or attorneys; 
  

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 (8) the Trustee may request that the Company deliver an Officers’ Certificate setting forth the
names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any person authorized to sign an Officers’ Certificate, including any
person specified as so authorized in any such certificate previously delivered and not superseded; 
 (9) the Trustee shall not be liable for
any action taken, suffered or omitted to be taken by it in good faith and reasonably believed by it to be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 
 (10) the Trustee shall not be deemed to have notice of any default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge
thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities and this Indenture; 
 (11) the rights, privileges, protections, immunities and benefits given to the Trustee, including its rights to be indemnified, are extended to, and
shall be enforceable by, the Trustee in each of its capacities hereunder; 
 (12) in no event shall the Trustee be responsible or liable for
special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the
form of action; and 
 (13) the Trustee shall not be required to give any bond or surety in respect of the performance of its powers and
duties hereunder. 
 Section 6.04. Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the
Securities, except the Trustee’s certificates of authentication, shall be taken as the statements of the Company, and the Trustee does not assume any responsibility for their correctness. The Trustee makes no representations as to the validity
or sufficiency of this Indenture or of the Securities. The Trustee shall not be accountable for the use or application by the Company of Securities or the proceeds thereof. 
 Section 6.05. May Hold Securities. The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any other agent of the
Company or any Guarantor, in its individual or any other capacity, may become the owner or pledgee of Securities and, subject to Section 6.08 and Section 6.13, may otherwise deal with the Company or any Guarantor with the
same rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent. 
 Section
6.06. Money Held in Trust. Money held by the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder
except as otherwise agreed in writing with the Company or any Guarantor. 
  

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 Section 6.07. Compensation and Reimbursement. 
 The Company agrees: 
 (1) to pay to the
Trustee from time to time such compensation as the Company and Trustee shall agree in writing for all services rendered by it hereunder (which compensation shall not be limited by any provision of law in regard to the compensation of a trustee of an
express trust); 
 (2) except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and counsel), except any such expense, disbursement
or advance as may be attributable to its negligence or willful misconduct; and 
 (3) to indemnify each of the Trustee or any predecessor
Trustee and its officers, directors, agents and employees for, and to hold it harmless against, any and all losses, liabilities, damages, claims or expenses including taxes (other than taxes based upon, measured by or determined by the earnings or
income of the Trustee) incurred without negligence or willful misconduct on its part, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder, including the costs and expenses of defending itself
against any claim (whether asserted by the Company, a Guarantor, a Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder. 
 As security for the performance of the obligations of the Company under this Section the Trustee shall have a lien prior to the Securities upon all
property and funds held or collected by the Trustee as such, except funds held in trust for the payment of principal of (and premium, if any) or interest on Securities. 
 Without limiting any rights available to the Trustee under applicable law, when the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 5.01(5) or
Section 5.01(6), the expenses (including the reasonable charges and expenses of its counsel) and the compensation for the services are intended to constitute expenses of administration under any applicable Federal or State bankruptcy,
insolvency or other similar law. 
 The provisions of this Section shall survive the termination of this Indenture. 
 Section 6.08. Conflicting Interests. If the Trustee has or shall acquire a conflicting interest within the meaning of the Trust Indenture Act, the
Trustee shall either eliminate such interest or resign, to the extent and in the manner provided by, and subject to the provisions of, the Trust Indenture Act and this Indenture. To the extent permitted by the Trust Indenture Act, the Trustee shall
not be deemed to have a conflicting interest by virtue of being a trustee under this Indenture with respect to Securities of more than one series. 
 Section 6.09. Corporate Trustee Required; Eligibility. There shall at all times be one (and only one) Trustee hereunder with respect to the Securities of each series, which may be 

  

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Trustee hereunder for Securities of one or more other series. Each Trustee shall be a Person that is eligible pursuant to the Trust Indenture Act to act as
such, has a combined capital and surplus of at least $50,000,000 and has its Corporate Trust Office in the continental United States of America. If any such Person publishes reports of condition at least annually, pursuant to law or to the
requirements of its supervising or examining authority, then for the purposes of this Section and to the extent permitted by the Trust Indenture Act, the combined capital and surplus of such Person shall be deemed to be its combined capital and
surplus as set forth in its most recent report of condition so published. If at any time the Trustee with respect to the Securities of any series shall cease to be eligible in accordance with the provisions of this Section, it shall resign
immediately in the manner and with the effect hereinafter specified in this Article. 
 Section 6.10. Resignation and Removal; Appointment
of Successor. No resignation or removal of the Trustee and no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable
requirements of Section 6.11. 
 The Trustee may resign at any time with respect to the Securities of one or more series by
giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the Trustee within 60 days after the giving of such notice of resignation, the
resigning Trustee may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
 The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal amount of the
Outstanding Securities of such series, delivered to the Trustee and to the Company. If the instrument of acceptance by a successor Trustee required by Section 6.11 shall not have been delivered to the Trustee within 30 days after the
giving of a notice of removal pursuant to this paragraph, the Trustee being removed may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such
series. 
 If at any time: 
 (1)
the Trustee shall fail to comply with Section 6.08 after written request therefor by the Company or by any Holder who has been a bona fide Holder of a Security for at least six months, or 
 (2) the Trustee shall cease to be eligible under Section 6.09 and shall fail to resign after written request therefor by the Company or by
any such Holder, or 
 (3) the Trustee shall become incapable of acting or shall be adjudged a bankrupt or insolvent or a receiver of the
Trustee or of its property shall be appointed or any public officer shall take charge or control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, 
 then, in any such case, (A) the Company by a Board Resolution may remove the Trustee with respect to all Securities, or (B) subject to
Section 5.14, any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the removal of the Trustee with
respect to all Securities and the appointment of a successor Trustee or Trustees. 
  

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 If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the
office of Trustee for any cause, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being
understood that any such successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series) and shall
comply with the applicable requirements of Section 6.11 . If an instrument of acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the Trustee being
removed may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. If, within one year after such resignation, removal or incapability,
or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of such series delivered to the Company and
the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment in accordance with the applicable requirements of Section 6.11, become the successor Trustee with respect to the Securities
of such series and to that extent supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in
the manner required by Section 6.11, any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 
 The Company shall give notice of
each resignation and each removal of the Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series to all Holders of Securities of such series in the manner provided
in Section 1.06. Each notice shall include the name of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 
 Section 6.11. Acceptance of Appointment by Successor. In case of the appointment hereunder of a successor Trustee with respect to all Securities,
every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company, any Guarantor and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee
shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee,
such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder. 
 In case of the appointment hereunder of a successor
Trustee with respect to the Securities of one or more (but not all) series, the Company, any Guarantor, the retiring Trustee 

  

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and each successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each
successor Trustee shall accept such appointment and which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as
shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be
vested in the retiring Trustee, and (3) shall add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood
that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder
administered by any other such Trustee; and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee
relates; but, on request of the Company or any successor Trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities
of that or those series to which the appointment of such successor Trustee relates. 
 Upon request of any such successor Trustee, the
Company and any Guarantor shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all such rights, powers and trusts referred to in the first or second preceding paragraph, as the case
may be. 
 No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified
and eligible under this Article. 
 Section 6.12. Merger, Conversion, Consolidation or Succession to Business. Any corporation into
which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially
all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper or any further act
on the part of any of the parties hereto. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such authenticating Trustee may adopt such
authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 
 Section 6.13. Preferential Collection of Claims Against Company. If and when the Trustee shall be or become a creditor of the Company (or any other obligor upon the Securities), the Trustee shall be subject to
the provisions of the Trust Indenture Act regarding the collection of claims against the Company (or any such other obligor). 
  

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 Section 6.14. Appointment of Authenticating Agent. The Trustee may appoint an Authenticating Agent
or Agents with respect to any series of Securities which shall be authorized to act on behalf of the Trustee to authenticate the Securities of such Series issued upon original issue and upon exchange, registration of transfer, partial conversion or
partial redemption or pursuant to Section 3.06, and Securities of such series so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee
hereunder. Wherever reference is made in this Indenture to the authentication and delivery of Securities of such series by the Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and
delivery on behalf of the Trustee by an Authenticating Agent so appointed with respect to such series and a certificate of authentication executed on behalf of the Trustee by an Authenticating Agent so appointed with respect to such series. Each
Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District of Columbia, authorized under such laws to
act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at least annually
pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set
forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with
the effect specified in this Section. 
 Any corporation into which an Authenticating Agent may be merged or converted or with which it may
be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to all or substantially all the corporate agency or corporate trust
business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part of the Trustee,
the Company, the Authenticating Agent or such successor corporation. 
 An Authenticating Agent may resign at any time by giving written
notice thereof to the Trustee and to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the Company. Upon receiving such a notice of
resignation or upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, the Trustee may appoint a successor Authenticating Agent with respect to any
series of Securities which shall be acceptable to the Company and shall give notice of such appointment to all Holders of Securities of such series in the manner provided in Section 1.06. Any successor Authenticating Agent upon
acceptance of its appointment hereunder shall become vested with all rights, powers and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating Agent shall be appointed
unless eligible under the provisions of this Section. 
  

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 The Company agrees to pay to each Authenticating Agent from time to time reasonable compensation for its
services under this Section. 
 If an appointment is made pursuant to this Section with respect to Securities of any series, the Securities
of such series may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 
 This is one of the Securities of the series designated herein and referred to in the within-mentioned Indenture. 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, AS TRUSTEE
		
	By:	 	  

		 	As Authenticating Agent
		
	By:	 	  

		 	Authorized Signatory

 ARTICLE VII 
 HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 
 Section 7.01. Company to Furnish Trustee
Names and Addresses of Holders. The Company and any Guarantor will furnish or cause to be furnished to the Trustee 
 (1) semi-annually,
not later than [            ] and [            ] in each year, a list, in such form as the Trustee may reasonably require, of the
names and addresses of the Holders of Securities of each series as of the immediately preceding [            ] or [            ]
as the case may be, and 
 (2) at such other times as the Trustee may request in writing, within 30 days after the receipt by the Company or
such Guarantor, respectively, of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; 
 excluding from any such list names and addresses received by the Trustee in its capacity as Security Registrar. 
 Section 7.02. Preservation of Information; Communications to Holders. The Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to
the Trustee as provided in Section 7.01 and the names and addresses of Holders received by the Trustee in its capacity as Security Registrar. The Trustee may destroy any list furnished to it as provided in Section 7.01 upon
receipt of a new list so furnished. 
  

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 The rights of Holders to communicate with other Holders with respect to their rights under this Indenture
or under the Securities, and the corresponding rights and privileges of the Trustee, shall be as provided by the Trust Indenture Act. 
 Every Holder of Securities, by receiving and holding the same, agrees with the Company, any Guarantor and the Trustee that neither of the Company nor the Guarantors (if applicable) nor the Trustee nor any agent of any of them shall be held
accountable by reason of any disclosure of information as to names and addresses of Holders made pursuant to the Trust Indenture Act. 
 Section 7.03. Reports by Trustee. The Trustee shall transmit to Holders such reports concerning the Trustee and its actions under this Indenture as may be required pursuant to the Trust Indenture Act at the times and in the manner
provided pursuant thereto. 
 Reports so required to be transmitted at stated intervals of not more than 12 months shall be transmitted no
later than July 15 and shall be dated as of May 15 1 in each calendar year, commencing in 2010. 
 A copy of each such report
shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange upon which any Securities are listed, with the Commission and with the Company and any Guarantor. The Company and any Guarantor will promptly notify
the Trustee in writing when any Securities are listed on any stock exchange and of any delisting thereof. 
 Section 7.04. Reports by
Company. The Company and any Guarantor shall file with the Trustee and the Commission, and transmit to Holders, such information, documents and other reports, and such summaries thereof, as may be required pursuant to the Trust Indenture Act, if
any, at the times and in the manner provided pursuant to such Act; provided that any such information, documents or reports required to be filed with the Commission pursuant to Section 13 or 15(d) of the Exchange Act need not be filed with the
Trustee until the 15th day after the same are actually filed with the Commission. Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute
constructive notice of any information contained therein or determinable from information contained therein, including the compliance by the Company or any Guarantor with any of their covenants hereunder (as to which the Trustee is entitled to rely
exclusively on Officers’ Certificates or Guarantor’s Officers’ Certificates, as the case may be). 
 ARTICLE VIII

 CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 
 Section 8.01. Company May Consolidate, Etc., Only on Certain Terms. The Company shall not consolidate with or merge into any other Person or sell,
convey, transfer or lease all or substantially all its properties and assets to any Person, and the Company shall not permit any Person to consolidate with or merge into the Company, unless: 
 (1) in case the Company shall consolidate with or merge into another Person or sell, convey, transfer or lease all or substantially all its properties and
assets to any Person, the Person formed by such consolidation or into which the Company is merged or the Person which 

  

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acquires by sale, conveyance or transfer, or which leases, all or substantially all the properties and assets of the Company shall be a corporation,
partnership or trust, shall be organized and validly existing under the laws of the United States, any state thereof or the District of Columbia and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee,
in form reasonably satisfactory to the Trustee, the due and punctual payment of the principal of and any premium and interest on all the Securities and the performance or observance of every covenant of this Indenture on the part of the Company to
be performed or observed and, for each Security that by its terms provides for conversion, shall have provided for the right to convert such Security in accordance with its terms; 
 (2) immediately after giving effect to such transaction and treating any indebtedness which becomes an obligation of the Company or any Subsidiary as a
result of such transaction as having been incurred by the Company or such Subsidiary at the time of such transaction, no Event of Default, and no event which, after notice or lapse of time or both, would become an Event of Default, shall have
happened and be continuing; and 
 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each
stating that such consolidation, merger, sale, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with this Article and that all conditions precedent
herein provided for relating to such transaction have been complied with. 
 Section 8.02. Successor Substituted. Upon any
consolidation of the Company with, or merger of the Company into, any other Person or any sale, conveyance, transfer or lease of all or substantially all the properties and assets of the Company in accordance with Section 8.01, the
successor Person formed by such consolidation or into which the Company is merged or to which such sale, conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under
this Indenture with the same effect as if such successor Person had been named as the Company herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all obligations and covenants under this Indenture and
the Securities. 
 ARTICLE IX 
 SUPPLEMENTAL INDENTURES 
 Section 9.01. Supplemental Indentures Without Consent of Holders. Except as may otherwise
be provided pursuant to Section 3.01 for all or any specific Securities of any series, without the consent of any Holders, the Company, when authorized by a Board Resolution, each of the Guarantors, when authorized by a Guarantor’s
Board Resolution of such Guarantor, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 
 (1) to evidence the succession of another Person to the Company or a Guarantor and the assumption by any such successor of the covenants of the Company or
such Guarantor herein and in the Securities or the Guarantees of such Guarantor, as the case may be; or 
  

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 (2) to add to the covenants of the Company or any Guarantor for the benefit of the Holders of all or any
Securities of any series (and if such covenants are to be for the benefit of less than all Securities of such series, stating that such covenants are expressly being included solely for the benefit of such Securities within such series) or to
surrender any right or power herein conferred upon the Company or any Guarantor with regard to all or any Securities of any series (and if any such surrender is to be made with regard to less than all Securities of such series, stating that such
surrender is expressly being made solely with regard to such Securities within such series); or 
 (3) to add any additional Events of
Default for the benefit of the Holders of all or any Securities of any series (and if such additional Events of Default are to be for the benefit of less than all Securities of such series, stating that such additional Events of Default are
expressly being included solely for the benefit of such Securities within such series); or 
 (4) to add to or change any of the provisions
of this Indenture to such extent as shall be necessary to permit or facilitate the issuance of Securities in bearer form, registrable or not registrable as to principal, and with or without interest coupons, or to permit or facilitate the issuance
of Securities in uncertificated form; or 
 (5) to add to, change or eliminate any of the provisions of this Indenture in respect of all or
any Securities of any series or any Guarantees thereof (and if such addition, change or elimination is to apply with respect to less than all Securities of such series or Guarantees thereof, stating that it is expressly being made to apply solely
with respect to such Securities within such series or Guarantees thereof), provided that any such addition, change or elimination (A) shall neither (i) apply to any Security of any series or Guarantee thereof created prior to the execution
of such supplemental indenture and entitled to the benefit of such provision nor (ii) modify the rights of the Holder of any such Security with respect to such provision or (B) shall become effective only when there is no such Security
Outstanding; or 
 (6) to secure the Securities or any Guarantees; or 
 (7) to establish the form or terms of all or any Securities of any series and any Guarantees thereof as permitted by Section 2.01 and
Section 3.01; or 
 (8) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect
to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to the
requirements of Section 6.11; or 
 (9) to add to or change any of the provisions of this Indenture with respect to any
Securities that by their terms may be converted into securities or other property other than Securities of the same series and of like tenor, in order to permit or facilitate the issuance, payment or conversion of such Securities; or 
 (10) to add any Person as an additional Guarantor under this Indenture, to add additional Guarantees or additional Guarantors in respect of any
Outstanding Securities under this Indenture, or to evidence the release and discharge of any Guarantor from its obligations under its Guarantees of any Securities and its obligations under this Indenture in respect of any Securities in accordance
with the terms of this Indenture; or 
  

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 (11) to cure any ambiguity, to correct or supplement any provision herein which may be defective or
inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided that such action pursuant to this Clause (11) shall not adversely affect the interests of
the Holders of Securities of any series in any material respect. 
 The Trustee is hereby authorized to join with the Company and the
Guarantors in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property
thereunder, but the Trustee shall not be obligated to enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
 Section 9.02. Supplemental Indentures With Consent of Holders. Except as may otherwise be provided pursuant to Section 3.01 for all or
any specific Securities of any series or Guarantees thereof, with the consent of the Holders of a majority in principal amount (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of the
Outstanding Securities of all series affected by such supplemental indenture (considered together as one class for this purpose and such affected Securities potentially being Securities of the same or different series and, with respect to any
series, potentially comprising fewer than all the Securities of such series), by Act of said Holders delivered to the Company and the Trustee, the Company, when authorized by a Board Resolution, each of the Guarantors when authorized by a
Guarantor’s Board Resolution of such Guarantor, and the Trustee may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this
Indenture or of modifying in any manner the rights of the Holders of Securities of such series under this Indenture or any Guarantees of such Securities; provided, however, that no such supplemental indenture shall, without the consent
of the Holder of each Outstanding Security affected thereby (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, Securities), 
 (1) change the Stated Maturity of the principal of, or any installment of principal of or interest on, any Security, or reduce the principal amount
thereof or the rate of interest thereon or any premium payable upon the redemption thereof, or reduce the amount of the principal of an Original Issue Discount Security or any other Security which would be due and payable upon a declaration of
acceleration of the Maturity thereof pursuant to Section 5.02, or permit the Company to redeem any Security if, absent such supplemental indenture, the Company would not be permitted to do so, or change any Place of Payment where, or the
coin or currency in which, any Security or any premium or interest thereon is payable, or impair the right to institute suit for the enforcement of any such payment on or after the Stated Maturity thereof (or, in the case of redemption, on or after
the Redemption Date), or 
  

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 (2) if any Security provides that the Holder may require the Company to repurchase or convert such
Security, impair such Holder’s right to require repurchase or conversion of such Security on the terms provided therein, or 
 (3)
reduce the percentage in principal amount of the Outstanding Securities of any one or more series (considered separately or together as one class, as applicable, and whether comprising the same or different series or less than all the Securities of
a series), the consent of whose Holders is required for any such supplemental indenture, or the consent of whose Holders is required for any waiver (of compliance with certain provisions of this Indenture or certain defaults hereunder and their
consequences) provided for in this Indenture, or 
 (4) if any Security is guaranteed by the Guarantee of any Grantor, release such Guarantor
from any of its obligations under such Guarantee except in accordance with the terms of this Indenture; or 
 (5) modify any of the
provisions of this Section, Section 5.13 or Section 10.06, except to increase any such percentage or to provide that certain other provisions of this Indenture cannot be modified or waived without the consent of the Holder of
each Outstanding Security affected thereby; provided, however, that this clause shall not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant
changes in this Section and Section 10.06, or the deletion of this proviso, in accordance with the requirements of Section 6.11 and Section 9.01(8). 
 A supplemental indenture which changes or eliminates any covenant or other provision of this Indenture which has expressly been included solely for the
benefit of one or more particular Securities or series of Securities, or which modifies the rights of the Holders of such Securities or series with respect to such covenant or other provision, shall be deemed not to affect the rights under this
Indenture of the Holders of any other Securities or of any other series, as applicable. 
 It shall not be necessary for any Act of Holders
under this Section to approve the particular form of any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. A consent to any indenture supplemental hereto by or on behalf of any Holder of
Securities given in connection with a purchase of, or tender or exchange offer for, such Holder’s Securities will not be rendered invalid by such purchase, tender or exchange. 
 Section 9.03. Execution of Supplemental Indentures. In executing, or accepting the additional trusts created by, any supplemental indenture
permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall receive, and (subject to Section 6.01) shall be fully protected in conclusively relying upon, an Opinion of Counsel and
Officers’ Certificate and Guarantor’s Officers’ Certificate, as the case may be, stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to,
enter into any such supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 
  

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 Section 9.04. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture
under this Article, this Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered
hereunder shall be bound thereby. 
 Section 9.05. Conformity with Trust Indenture Act. Every supplemental indenture executed pursuant
to this Article shall conform to the requirements of the Trust Indenture Act. 
 Section 9.06. Reference in Securities to Supplemental
Indentures. Securities of any series authenticated and delivered after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any
matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee and the Company, to any such supplemental indenture may be prepared and
executed by the Company and authenticated and delivered by the Trustee in exchange for Outstanding Securities of such series. 
 Section
9.07. Subordination Unimpaired. No supplemental indenture shall adversely affect the interests of any holder of Senior Debt then outstanding under ARTICLE XV or of any holder of Senior Guarantor Debt then outstanding under the last
paragraph of Section 14.01 in any material respect unless each holder of Senior Debt or Senior Guarantor Debt so affected (or the group or representative thereof authorized or required to consent thereto pursuant to the instrument
creating or evidencing, or pursuant to which there is outstanding, such Senior Debt or Senior Guarantor Debt) consents to such supplemental indenture in writing. 
 ARTICLE X 
 COVENANTS 
 Section 10.01. Payment of Principal, Premium and Interest. The Company covenants and agrees for the benefit of each series of Securities that it
will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities and this Indenture. 
 Section 10.02. Maintenance of Office or Agency. The Company will maintain in each Place of Payment for any series of Securities an office or
agency where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of transfer or exchange, where Securities may be surrendered for conversion and where notices and
demands to or upon the Company or any Guarantor in respect of the Securities of that series and this Indenture may be served. The Company will give prompt written notice to the Trustee of the location, and any change in the location, of such office
or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate
Trust Office of the Trustee, and the Company and each Guarantor hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands. 
  

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 The Company may also from time to time designate one or more other offices or agencies where the
Securities of one or more series may be presented or surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve
the Company of its obligation to maintain an office or agency in each Place of Payment for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change
in the location of any such other office or agency. 
 With respect to any Global Security, and except as otherwise may be specified for such
Global Security as contemplated by Section 3.01, the Corporate Trust Office of the Trustee shall be the Place of Payment where such Global Security may be presented or surrendered for payment or for registration of transfer or exchange,
or where successor Securities may be delivered in exchange therefor, provided, however, that any such payment, presentation, surrender or delivery effected pursuant to the Applicable Procedures of the Depositary for such Global
Security shall be deemed to have been effected at the Place of Payment for such Global Security in accordance with the provisions of this Indenture. 
 Section 10.03. Money for Securities Payments to Be Held in Trust. If the Company shall at any time act as its own Paying Agent with respect to any series of Securities, it will, on or before each due date of
the principal of or any premium or interest on any of the Securities of that series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the principal and any premium and interest so becoming due until
such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 
 Whenever the Company shall have one or more Paying Agents for any series of Securities, it will, on or prior to 11:00 A.M., New York City time, on each due date of the principal of or any premium or interest on any
Securities of that series, deposit (or, if the Company has deposited any trust funds with a trustee pursuant to Section 13.04(1), cause such trustee to deposit) with a Paying Agent a sum sufficient to pay such amount, such sum to be held
as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of its action or failure so to act. 
 The Company will cause each Paying Agent for any series of Securities other than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the
provisions of this Section, that such Paying Agent will (1) comply with the provisions of the Trust Indenture Act applicable to it as a Paying Agent and (2) during the continuance of any default by the Company (or any other obligor upon
the Securities of that series) in the making of any payment in respect of the Securities of that series, upon the written request of the Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the
Securities of that series. 
 The Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or
for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which such sums were
held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all further liability with respect to such money. 
  

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 Any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the
payment of the principal of or any premium or interest on any Security of any series and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the Company on Company Request (or if
deposited by a Guarantor, paid to such Guarantor on Guarantor Request), or (if then held by the Company) shall be discharged from such trust; and the Holder of such Security shall thereafter, as an unsecured general creditor, look only to the
Company or such Guarantor, as the case may be, for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease;
provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may, at the direction and expense of the Company or such Guarantor, as the case may be, cause to be published once, in a newspaper
published in the English language, customarily published on each Business Day and of general circulation in The City of New York, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days
from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Company or the applicable Guarantor, as the case may be. 
 Section 10.04. Corporate Existence. Subject to ARTICLE VIII, the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence.

 Section 10.05. Statement by Officers as to Default. (a) The Company will deliver to the Trustee, within 120 days after the end
of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate, one of the signers of which shall be the principal executive officer, principal financial officer or principal accounting officer of the Company stating
whether or not to the best knowledge of the signers thereof the Company is in default in the performance and observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice
provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge; 
 (b) So long as any Securities of a series to which ARTICLE XIV has been made applicable are Outstanding, each Guarantor of such Securities will deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company ending after the date hereof, a Guarantor’s Officers’ Certificate of such Guarantor, stating whether or not to the best knowledge of the signers thereof such Guarantor is in default in the performance and
observance of any of the terms, provisions and conditions of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if such Guarantor shall be in default, specifying all such defaults and the nature
and status thereof of which they may have knowledge. 
 Section 10.06. Waiver of Certain Covenants. Except as otherwise provided
pursuant to Section 3.01 for all or any Securities of any series, the Company may, with respect to all or any Securities of any series, omit in any particular instance to comply with any term, provision or condition set forth in
Section 10.04 or in any covenant provided pursuant to Section 

  

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3.01(18), Section 9.02(2), Section 9.01(6) or Section 9.01(7) for the benefit of the Holders of such series
or in ARTICLE VIII if, before the time for such compliance, the Holders of a majority in principal amount (including waivers obtained in connection with a purchase of, or tender offer or exchange offer for, Securities) of all Outstanding
Securities affected by such waiver (considered together as one class for this purpose and such affected Securities potentially being Securities of the same or different series and, with respect to any particular series, potentially comprising fewer
than all the Securities of such series) shall, by Act of such Holders, either waive such compliance in such instance or generally waive compliance with such term, provision or condition, but no such waiver shall extend to or affect such term,
provision or condition except to the extent so expressly waived, and, until such waiver shall become effective, the obligations of the Company and the duties of the Trustee in respect of any such term, provision or condition shall remain in full
force and effect. A waiver of compliance given by or on behalf of any Holder of Securities in connection with a purchase of, or tender or exchange offer for, such Holder’s Securities will not be rendered invalid by such purchase, tender or
exchange. 
 Section 10.07. Calculation of Original Issue Discount. The Company shall file with the Trustee promptly at the end of
each calendar year (i) a written notice specifying the amount of original issue discount (including daily rates and accrual periods) accrued on Outstanding Securities as of the end of such year and (ii) such other specific information
relating to such original issue discount as may then be relevant under the Internal Revenue Code of 1986, as amended from time to time. 
 ARTICLE XI 
 REDEMPTION OF SECURITIES 
 Section 11.01. Applicability of Article. Securities of any series which are redeemable before their Stated Maturity shall be redeemable in accordance with their terms and (except as otherwise specified as
contemplated by Section 3.01 for such Securities) in accordance with this Article. 
 Section 11.02. Election to Redeem;
Notice to Trustee. The election of the Company to redeem any Securities shall be established in or pursuant to a Board Resolution or in another manner specified as contemplated by Section 3.01 for such Securities. In case of any
redemption at the election of the Company of less than all the Securities of any series (including any such redemption affecting only a single Security), the Company shall, not less than 30 days nor more than 60 days prior to the Redemption Date
fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date, of the principal amount of Securities of such series to be redeemed and, if applicable, of the tenor of the Securities
to be redeemed. In the case of any redemption of Securities (1) prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture, or (2) pursuant to an election of the
Company that is subject to a condition specified in the terms of the Securities of the series to be redeemed, the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction or condition.

  

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 Section 11.03. Selection by Trustee of Securities to Be Redeemed. If less than all the Securities
of any series are to be redeemed (unless all the Securities of such series and of a specified tenor are to be redeemed or unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more
than 40 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series not previously called for redemption, by such method as the Trustee shall deem fair and appropriate and which may provide for the selection for
redemption of a portion of the principal amount of any Security of such series, provided that the unredeemed portion of the principal amount of any Security shall be in an authorized denomination (which shall not be less than the minimum authorized
denomination) for such Security. If less than all the Securities of such series and of a specified tenor are to be redeemed (unless such redemption affects only a single Security), the particular Securities to be redeemed shall be selected not more
than 40 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series and specified tenor not previously called for redemption in accordance with the preceding sentence. 
 If any Security selected for partial redemption is converted in part before termination of the conversion right with respect to the portion of the
Security so selected, the converted portion of such Security shall be deemed (so far as it may be) to be the portion selected for redemption. Securities which have been converted during a selection of Securities to be redeemed shall be treated by
the Trustee as Outstanding for the purpose of such selection. 
 The Trustee shall promptly notify the Company and each Security Registrar in
writing of the Securities selected for redemption as aforesaid and, in case of any Securities selected for partial redemption as aforesaid, the principal amount thereof to be redeemed. 
 The provisions of the two preceding paragraphs shall not apply with respect to any redemption affecting only a single Security, whether such Security is
to be redeemed in whole or in part. In the case of any such redemption in part, the unredeemed portion of the principal amount of the Security shall be in an authorized denomination (which shall not be less than the minimum authorized denomination)
for such Security. 
 For all purposes of this Indenture, unless the context otherwise requires, all provisions relating to the redemption of
Securities shall relate, in the case of any Securities redeemed or to be redeemed only in part, to the portion of the principal amount of such Securities which has been or is to be redeemed. 
 Section 11.04. Notice of Redemption. Notice of redemption shall be given in the manner provided in Section 1.06 not less than 30 days
nor more than 60 days prior to the Redemption Date (or within such period as otherwise specified as contemplated by Section 3.01 for the relevant Securities), to each Holder of Securities to be redeemed, at his address appearing in the
Security Register. 
 All notices of redemption shall identify the Securities to be redeemed (including CUSIP numbers, if any) and shall
state: 
  

	 	(1)	the Redemption Date, 

  

	 	(2)	the Redemption Price, 

  

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 (3) if less than all the Outstanding Securities of any series consisting of more than a single Security
are to be redeemed, the identification (and, in the case of partial redemption of any such Securities, the principal amounts) of the particular Securities to be redeemed and, if less than all the Outstanding Securities of any series consisting of a
single Security are to be redeemed, the principal amount of the particular Security to be redeemed, 
 (4) that on the Redemption Date the
Redemption Price will become due and payable upon each such Security to be redeemed and, if applicable, that interest thereon will cease to accrue on and after said date, 
 (5) the place or places where each such Security is to be surrendered for payment of the Redemption Price, 
 (6) for any Securities that by their terms may be converted, the terms of conversion, the date on which the right to convert the Security to be redeemed will terminate and the place or places where such Securities may be surrendered for
conversion, and 
 (7) that the redemption is for a sinking fund, if such is the case. 
 Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s written request,
by the Trustee in the name and at the expense of the Company; provided that if the Company requests that the Trustee deliver such notice, the Company shall, at least fifteen days prior to the date on which the notice of redemption is required to be
sent to each Holder of Securities pursuant to this Section 11.04 (unless a shorter period shall be agreed to by the Trustee), deliver an Officer’s Certificate requesting that the Trustee give such notice and setting forth the
information to be stated in such notice as provided in the preceding paragraph. 
 Section 11.05. Deposit of Redemption Price. Prior
to 11:00 A.M., New York City time, on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 10.03)
an amount of money sufficient to pay the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Securities which are to be redeemed on that date, other than any Securities called for
redemption on that date which have been converted prior to the date of such deposit. 
 If any Security called for redemption is converted,
any money deposited with the Trustee or with any Paying Agent or so segregated and held in trust for the redemption of such Security shall (subject to any right of the Holder of such Security or any Predecessor Security to receive interest as
provided in the last paragraph of Section 3.07 or in the terms of such Security) be paid to the Company upon Company Request or, if then held by the Company, shall be discharged from such trust. 
 Section 11.06. Securities Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Securities so to be redeemed shall,
on the Redemption Date, become due and payable at the Redemption Price therein specified, and from and after such date (unless the Company shall default in the payment of the Redemption Price and accrued interest) such Securities shall cease to bear
interest. Upon surrender of any such Security for redemption 

  

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in accordance with said notice, such Security shall be paid by the Company at the Redemption Price, together with accrued interest to the Redemption Date;
provided, however, that, unless otherwise specified as contemplated by Section 3.01, installments of interest whose Stated Maturity is on or prior to the Redemption Date will be payable to the Holders of such Securities, or
one or more Predecessor Securities, registered as such at the close of business on the relevant Record Dates according to their terms and the provisions of Section 3.07. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear
interest from the Redemption Date at the rate prescribed therefor in the Security. 
 Section 11.07. Securities Redeemed in Part. Any
Security which is to be redeemed only in part shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the
Trustee duly executed by, the Holder thereof or his attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new Security or
Securities of the same series and of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so surrendered.

 ARTICLE XII 
 SINKING
FUNDS 
 Section 12.01. Applicability of Article. The provisions of this Article shall be applicable to any sinking fund for the
retirement of Securities of any series except as otherwise specified as contemplated by Section 3.01 for such Securities. 
 The
minimum amount of any sinking fund payment provided for by the terms of any Securities is herein referred to as a “mandatory sinking fund payment,” and any payment in excess of such minimum amount provided for by the terms of
such Securities is herein referred to as an “optional sinking fund payment .” If provided for by the terms of any Securities, the cash amount of any sinking fund payment may be subject to reduction as provided in
Section 12.02. Each sinking fund payment shall be applied to the redemption of Securities as provided for by the terms of such Securities. 
 Section 12.02. Satisfaction of Sinking Fund Payments with Securities. The Company (1) may deliver Outstanding Securities of a series (other than any previously called for redemption) and (2) may apply
as a credit Securities of a series which have been converted in accordance with their terms or which have been redeemed either at the election of the Company pursuant to the terms of such Securities or through the application of permitted optional
sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to any Securities of such series required to be made pursuant to the terms of such Securities as
and to the extent provided for by the terms of such Securities; provided that the Securities to be so credited have not been previously so credited. The Securities to be so credited shall be received and credited for such purpose by the Trustee at
the Redemption Price, as specified in the Securities so to be redeemed (or at such 

  

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other prices as may be specified for such Securities as contemplated in Section 3.01), for redemption through operation of the sinking fund and
the amount of such sinking fund payment shall be reduced accordingly. 
 Section 12.03. Redemption of Securities for Sinking Fund. Not
less than 45 days (or such shorter period as shall be satisfactory to the Trustee) prior to each sinking fund payment date for any Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next
ensuing sinking fund payment for such Securities pursuant to the terms of such Securities, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting
Securities pursuant to Section 12.02 and will also deliver to the Trustee any Securities to be so delivered. Not less than 30 days prior to each such sinking fund payment date, the Trustee shall select the Securities to be redeemed upon
such sinking fund payment date in the manner specified in Section 11.03 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 11.04. Such
notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Section 11.06 and Section 11.07. 
 ARTICLE XIII 
 DEFEASANCE AND COVENANT DEFEASANCE 
 Section 13.01. Company’s Option to Effect Defeasance or Covenant Defeasance. Unless otherwise designated pursuant to
Section 3.01(15), the Securities of any series of Securities shall be subject to defeasance or covenant defeasance pursuant to such Section 13.02 or Section 13.03, in accordance with any applicable requirements
provided pursuant to Section 3.01 and upon compliance with the conditions set forth below in this Article. The Company may elect, at its option, at any time, to have Section 13.02 or Section 13.03 applied to any
Securities or any series of Securities so subject to defeasance or covenant defeasance. Any such election shall be evidenced by a Board Resolution or in another manner specified as contemplated by Section 3.01 for such Securities.

 Section 13.02. Defeasance and Discharge. Upon the Company’s exercise of its option (if any) to have this Section applied to
any Securities or any series of Securities, as the case may be, the Company shall be deemed to have been discharged from its obligations, and the provisions of ARTICLE XV (and the provisions of the last paragraph of Section 14.01)
shall cease to be effective, with respect to such Securities as provided in this Section on and after the date the conditions set forth in Section 13.04 are satisfied (hereinafter called “Defeasance”). For this
purpose, such Defeasance means that the Company and the Guarantors of the Securities shall be deemed to have paid and discharged the entire indebtedness represented by such Securities and to have satisfied all their other respective obligations
under such Securities and this Indenture insofar as such Securities or such Guarantees are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same), subject to the following which shall
survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of such Securities to receive, solely from the trust fund described in Section 13.04(1) and as more fully set forth in such Section, payments in
respect of the principal of and any premium and interest on such Securities when payments are due, (2) the obligations of the Company and the Guarantors of the Securities of such series with respect to such Securities 

  

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under Section 3.04, Section 3.05, Section 3.06, Section 10.02 and Section 11.03, (3) the
rights, powers, trusts, duties and immunities of the Trustee hereunder and Section 5.01(4) this Article. Subject to compliance with this Article, the Company may exercise its option (if any) to have this Section applied to any
Securities notwithstanding the prior exercise of its option (if any) to have Section 13.03 applied to such Securities. Upon the effectiveness of defeasance with respect to any series of Securities, each Guarantor of the Securities of
such series shall (except as provided in clause (2) of the next preceding sentence) be automatically and unconditionally released and discharged from all of its obligations under its Guarantee of the Securities of such series and all of its
other obligations under this Indenture in respect of the Securities of such series, without any action by the Company, any Guarantor or the Trustee and without the consent of the Holders of any Securities. 
 Section 13.03. Covenant Defeasance. Upon the Company’s exercise of its option (if any) to have this Section applied to any Securities or any
series of Securities, as the case may be, (1) the Company shall be released from its obligations under Section 10.04 and any covenants provided pursuant to Section 3.01(18), Section 9.01(2),
Section 9.01(6) or Section 9.01(7) for the benefit of the Holders of such Securities, and (2) the occurrence of any event specified in Section 5.01(4) (with respect to Section 10.4 and any such
covenants provided pursuant to Section 3.01(8), Section 9.01(2), Section 9.01(6) or Section 9.01(7)) and Section 5.01(8) shall be deemed not to be or result in an Event of Default and
(3) the provisions of ARTICLE XV (and the provisions of the last paragraph of Section 14.01) shall cease to be effective, in each case with respect to such Securities as provided in this Section on and after the date the
conditions set forth in Section 13.04 are satisfied (hereinafter called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that, with respect to such Securities, the Company and any Guarantor
may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such specified Section (to the extent so specified in the case of Section 5.01(4)) or Article XV or the last
paragraph of Section 14.01, whether directly or indirectly by reason of any reference elsewhere herein to any such Section or Article or by reason of any reference in any such Section or Article to any other provision herein or in any
other document, but the remainder of this Indenture and such Securities and any Guarantees thereof shall be unaffected thereby. 
 Section
13.04. Conditions to Defeasance or Covenant Defeasance. The following shall be the conditions to the application of Section 13.02 or Section 13.03 to any Securities or any series of Securities, as the case may be:

 (1) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee which satisfies the
requirements contemplated by Section 6.09 and agrees to comply with the provisions of this Article applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and
dedicated solely to, the benefits of the Holders of such Securities, (A) money in an amount, or (B) U.S. Government Obligations which through the scheduled payment of principal and interest in respect thereof in accordance with their terms
will provide, not later than one day before the due date of any payment, money in an amount, or (C) such other obligations or arrangements as may be specified as contemplated by Section 3.01 with respect to such Securities, or
(D) a combination thereof, in each case sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the 

  

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Trustee, to pay and discharge, and which shall be applied by the Trustee (or any such other qualifying trustee) to pay and discharge, the principal of and
any premium and interest on such Securities on the respective Stated Maturities, in accordance with the terms of this Indenture and such Securities. As used herein, “U.S. Government Obligation” means (x) any security
which is (i) a direct obligation of the United States of America for the payment of which the full faith and credit of the United States of America is pledged or (ii) an obligation of a Person controlled or supervised by and acting as an
agency or instrumentality of the United States of America the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America, which, in either case (i) or (ii), is not callable or redeemable
at the option of the issuer thereof, and (y) any depositary receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any U.S. Government Obligation which is specified in Clause
(x) above and held by such bank for the account of the holder of such depositary receipt, or with respect to any specific payment of principal of or interest on any U.S. Government Obligation which is so specified and held, provided that
(except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation or the
specific payment of principal or interest evidenced by such depositary receipt. 
 (2) In the event of an election to have
Section 13.02 apply to any Securities or any series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel stating that (A) the Company has received from, or there has been published
by, the Internal Revenue Service a ruling or (B) since the date of this instrument, there has been a change in the applicable Federal income tax law, in either case (A) or (B) to the effect that, and based thereon such opinion shall
confirm that, the Holders of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit, Defeasance and discharge to be effected with respect to such Securities and will be subject to Federal income
tax on the same amount, in the same manner and at the same times as would be the case if such deposit, Defeasance and discharge were not to occur. 
 (3) In the event of an election to have Section 13.03 apply to any Securities or any series of Securities, as the case may be, the Company shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders
of such Securities will not recognize gain or loss for Federal income tax purposes as a result of the deposit and Covenant Defeasance to be effected with respect to such Securities and will be subject to Federal income tax on the same amount, in the
same manner and at the same times as would be the case if such deposit and Covenant Defeasance were not to occur. 
 (4) The Company shall
have delivered to the Trustee an Officers’ Certificate to the effect that neither such Securities nor any other Securities of the same series, if then listed on any securities exchange, will be delisted as a result of such deposit. 

(5) No event which is, or after notice or lapse of time or both would become, an Event of Default with respect to such Securities or any other
Securities (other than such an event or Event of Default solely with respect to such Securities resulting from the borrowing of funds to be applied to such deposit) shall have occurred and be continuing at the time of such deposit. 
  

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 (6) Such Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a
default under, any other agreement or instrument to which the Company is a party or by which it is bound. 
 (7) The Company shall have
delivered to the Trustee an Officers’ Certificate stating that the deposit was not made by the Company with the intent of preferring the Holders of such Securities over the other creditors of the Company or with the intent of defeating,
hindering, delaying or defrauding creditors of the Company. 
 (8) The Company shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that all conditions precedent with respect to such Defeasance or Covenant Defeasance have been complied with. 
 Section 13.05. Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions. Subject to the provisions of the last paragraph of Section 10.03, all money and U.S.
Government Obligations (including the proceeds thereof) deposited with the Trustee or other qualifying trustee (solely for purposes of this Section and Section 13.06, the Trustee and any such other trustee are referred to collectively as
the “Trustee”) pursuant to Section 13.04 in respect of any Securities shall be held in trust and applied by the Trustee, in accordance with the provisions of such Securities and this Indenture, to the payment,
either directly or through any such Paying Agent (including the Company acting as its own Paying Agent or any Guarantor of the Securities of the applicable series or any Subsidiary or Affiliate of the Company or any such Guarantor acting as Paying
Agent) as the Trustee may determine, to the Holders of such Securities, of all sums due and to become due thereon in respect of principal and any premium and interest, but money and U.S. Government Obligations so held in trust need not be segregated
from other funds except to the extent required by law. Money and U.S. Government Obligations (including the proceeds thereof) so held in trust shall not be subject to the provisions of ARTICLE XV, provided that the applicable conditions of
Section 13.04 have been satisfied 
 The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed
on or assessed against the U.S. Government Obligations deposited pursuant to Section 13.04 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the
Holders of Outstanding Securities. 
 Anything in this Article to the contrary notwithstanding, the Trustee shall deliver or pay to the
Company from time to time upon Company Request any money or U.S. Government Obligations held by it as provided in Section 13.04 with respect to any Securities which, in the opinion of a nationally recognized firm of independent public
accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect the Defeasance or Covenant Defeasance, as the case may be, with respect to
such Securities. 
 Section 13.06. Reinstatement. If the Trustee or the Paying Agent is unable to apply any money in accordance with
this Article with respect to any Securities by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the respective obligations under this Indenture and such

  

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Securities and, if applicable, Guarantees of such Securities from which the Company and the applicable Guarantors have been discharged or released pursuant
to Section 13.02 or Section 13.03 shall be revived and reinstated as though no deposit had occurred pursuant to this Article with respect to such Securities, until such time as the Trustee or Paying Agent is permitted to
apply all money held in trust pursuant to Section 13.05 with respect to such Securities in accordance with this Article; provided, however, that if the Company or any Guarantor makes any payment of principal of or any premium or interest
on any such Security following such reinstatement of its obligations, the Company or such Guarantor, as the case may be, shall be subrogated to the rights (if any) of the Holders of such Securities to receive such payment from the money so held in
trust. 
 ARTICLE XIV 
 GUARANTEES 
 Section 14.01. Guarantees. Securities of any series that are to be guaranteed by the Guarantees of any
Guarantors shall be guaranteed by such Guarantors as shall be established pursuant to Section 3.01 with respect to the Securities of such series. The Persons who shall initially be the Guarantors of the Securities of any such series may,
but need not, include any or all of the Initial Guarantors and may include any and all such other Persons as the Company may determine; provided that, prior to the authentication and delivery upon original issuance of Securities that are to
be guaranteed by a Person that is not an Initial Guarantor, the Company, the Trustee and such Person shall enter into a supplemental indenture pursuant to Section 9.01 hereof whereby such Person shall become a Guarantor under this
Indenture. 
 Securities of any series that are to be guaranteed by the Guarantees of any Guarantors shall be guaranteed in accordance with
the terms of such Guarantees as established pursuant to Section 3.01 with respect to such Securities and such Guarantees thereof and (except as otherwise specified as contemplated by Section 3.01 for such Securities and such
Guarantees thereof) in accordance with this Article. 
 Each Guarantor of any Security hereby fully and unconditionally guarantees to each
Holder of such Security, and to the Trustee on behalf of such Holder and for itself, the due and punctual payment of the principal of, and premium, if any, and interest, if any, on such Security when and as the same shall become due and payable,
whether at the Stated Maturity, by declaration of acceleration, call for redemption or otherwise, and all other amounts owed hereunder, all in accordance with the terms of such Security and of this Indenture. In case of the failure of the Company
punctually to make any such payment, such Guarantor hereby agrees to cause such payment to be made punctually when and as the same shall become due and payable, whether at the Stated Maturity or by declaration of acceleration, call for redemption or
otherwise, and as if such payment were made by the Company. 
 The Guarantor of any Security hereby agrees that its obligations hereunder
shall be absolute and unconditional irrespective of, and shall be unaffected by, any invalidity, irregularity or unenforceability of such Security or this Indenture, any failure to enforce the provisions of such Security or this Indenture, or any
waiver, modification or indulgence granted to the Company with respect thereto, by the Holder of such Security or the Trustee or any other circumstance which may otherwise constitute a legal or equitable discharge or defense of a 

  

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surety or guarantor; provided, however, that notwithstanding the foregoing, no such waiver, modification or indulgence shall, without the consent of any
Guarantor, increase the principal amount of such Security, or increase the interest rate thereon, change any redemption provisions thereof (including any change to increase any premium payable upon redemption thereof) or change the Stated Maturity
of any payment thereon, or increase the principal amount of any Original Issue Discount Security that would be due and payable upon a declaration of acceleration or the maturity thereof pursuant to Section 5.02 of this Indenture.

 The Guarantor of any Security hereby waives the benefits of diligence, presentment, demand for payment, any requirement that the Trustee
or any of the Holders exhaust any right or take any action against the Company or any other Person, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a proceeding first against the Company,
protest or notice with respect to any Security or the indebtedness evidenced thereby and all demands whatsoever, and covenants that its obligations hereunder will not be discharged in respect of such Security except by complete performance of the
obligations of such Guarantor contained in such Security and in this Indenture. Any Guarantee of any Guarantor hereunder shall constitute a guaranty of payment and not of collection. The Guarantor of any Security hereby agrees that, in the event of
a default in payment of principal, or premium, if any, or interest, if any, on such Security, whether at its Stated Maturity, by declaration of acceleration, call for redemption or otherwise, legal proceedings may be instituted by the Trustee on
behalf of, or by, the Holder of such Security, subject to the terms and conditions set forth in this Indenture, directly against such Guarantor to enforce the obligation of such Guarantor hereunder without first proceeding against the Company.

 The obligations of the Guarantor of any Security hereunder with respect to such Security shall be continuing and irrevocable until the
date upon which the entire principal of, premium, if any, and interest, if any, on such Security has been, or has been deemed pursuant to the provisions of Article Four of this Indenture to have been, paid in full or otherwise discharged.

 The Guarantor of any Security shall be subrogated to all rights of the Holders of such Security against the Company in respect of any
amounts paid by the Guarantor on account of such Security pursuant to the provisions of this Indenture; provided, however, that such Guarantor shall not be entitled to enforce or to receive any payments arising out of, or based upon,
such right of subrogation until the principal of, and premium, if any, and interest, if any, on all Securities issued hereunder that are due and payable shall have been paid in full. 
 The Guarantee by any Guarantor of any Security shall remain in full force and effect and continue notwithstanding any petition filed by or against the
Company for liquidation or reorganization, the Company becoming insolvent or making an assignment for the benefit of creditors or a receiver or trustee being appointed for all or any significant part of the Company’s assets, and shall, to the
fullest extent permitted by law, continue to be effective or reinstated, as the case may be, if at any time payment of such Security, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any
Holder of such Security, whether as a “voidable preference,” “fraudulent transfer,” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded,
reduced, restored or returned on a Security, such Security shall, to the fullest extent permitted by law, be reinstated and deemed paid only by such amount paid and not so rescinded, reduced, restored or returned. 
  

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 No Guarantor shall consolidate with or merge into any other Person or sell, convey or transfer all or
substantially all its properties and assets to any Person, and no Guarantor shall permit any Person to consolidate with or merge into such Guarantor, in each case in a transaction in which the successor Person formed by such consolidation or merger
or to which such sale, conveyance or transfer is made is an Affiliate of the Company, and no Guarantor shall lease all or substantially all its properties and assets to any Person (whether or not such an Affiliate), unless, in any such case:

 (1) in case such Guarantor shall consolidate with or merge into another Person or sell, convey, transfer or lease all or substantially all
its properties and assets to any Person, the Person formed by such consolidation or into which such Guarantor is merged or the Person which acquires by sale, conveyance or transfer, or which leases, all or substantially all the properties and assets
of such Guarantor shall be a corporation, partnership or trust, shall be organized and validly existing under the laws of the United States, any state thereof or the District of Columbia and shall expressly assume, by an indenture supplemental
hereto, executed and delivered to the Trustee, in form reasonably satisfactory to the Trustee, the performance or observance of every covenant of this Indenture and any Guarantees on the part of such Guarantor to be performed or observed;

 (2) immediately after giving effect to such transaction no Event of Default, and no event which, after notice or lapse of time or both,
would become an Event of Default, shall have happened and be continuing; and 
 (3) such Guarantor has delivered to the Trustee a
Guarantor’s Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, sale, conveyance, transfer or lease and, if a supplemental indenture is required in connection with such transaction, such
supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 
 Upon any consolidation of any Guarantor with, or merger of such Guarantor into, any other Person or any sale, conveyance, transfer or lease of all or substantially all the properties and assets of such Guarantor in
accordance with this paragraph, the successor Person formed by such consolidation or into which such Guarantor is merged or to which such sale, conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every
right and power of, such Guarantor under this Indenture with the same effect as if such successor Person had been named as such Guarantor herein, and thereafter, except in the case of a lease, the predecessor Person shall be relieved of all
obligations and covenants under this Indenture and any Guarantees of such Guarantor. 
 Upon (i) a consolidation or merger of any
Guarantor with or into, or a sale, conveyance or transfer of all or substantially all the properties and assets of any Guarantor to, any other Person or any consolidation or merger of any Person with or into any Guarantor, in each case in a
transaction in which the successor Person formed by such consolidation or merger or to which such sale, conveyance or transfer is made is not an Affiliate of the Company or 

  

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(ii) any sale, conveyance or transfer (including by way of merger) by the Company or any Subsidiary thereof of all or substantially all the Capital
Stock of any Guarantor to any Person that is not an Affiliate of the Company, such Guarantor shall be deemed to be automatically and unconditionally released and discharged from all its obligations under its Guarantees and under this ARTICLE
XIV without any further action required on the part of the Trustee or any Holder. The Trustee shall deliver an appropriate instrument evidencing such release and discharge upon receipt of a Company Request accompanied by an Officers’
Certificate certifying as to the compliance with this paragraph of Section 14.01. The Company may, at its option, at any time and from time to time, cause any Guarantor to be automatically and unconditionally released and discharged from
all its obligations under its Guarantees with respect to Securities of all series guaranteed by Guarantees of such Guarantor and under this ARTICLE XIV upon (i) any conditions for such release provided with respect to Securities of such
series in accordance with Section 3.01 having been satisfied and (ii) delivery by the Company to the Trustee of a Company Order relating to such release and discharge. The Trustee shall deliver an appropriate instrument evidencing
such release and discharge upon receipt of a Company Request accompanied by an Officers’ Certificate certifying as to the compliance with this paragraph of Section 14.01. 
 Anything in this Indenture, the Securities or any Guarantee to the contrary notwithstanding, the obligations of any Guarantor under its Guarantees and
this Indenture shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor, result in the obligations of such Guarantor under its Guarantees and this Indenture not constituting
a fraudulent advance or fraudulent transfer under any Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal, state or other law affecting the rights of creditors generally. 
 No Guarantee by any Guarantor of any Security, whether or not such Guarantee is or is to be endorsed thereon, shall be valid and obligatory for any
purpose with respect to such Security until the certificate of authentication on such Security shall have been signed by or on behalf of the Trustee. 
 The obligations of each Guarantor under its Guarantees pursuant to this ARTICLE XIV are hereby expressly made subordinate and subject in right of payment to the prior payment in full of all Senior Guarantor
Debt of such Guarantor, in each case on the same basis as the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest on the Securities are subordinate and subject in right of payment to the
prior payment in full of all Senior Debt, mutatis mutandis . For the purposes of the foregoing sentence, the Trustee and the Holders shall have the right to receive or retain payments by any Guarantor only at such times as they may receive or
retain payments and distributions in respect of the Securities pursuant to this Indenture, including ARTICLE XV hereof. 
 ARTICLE
XV 
 SUBORDINATION OF SECURITIES 
 Section 15.01. Securities Subordinate to Senior Debt. The Company covenants and agrees, and each Holder of a Security, by his acceptance thereof, likewise covenants and agrees, that, to the extent and in the
manner hereinafter set forth in this Article, the indebtedness represented by the Securities and the payment of the principal of (and premium, if any) and interest on each and all of the Securities are hereby expressly made subordinate and subject
in right of payment to the prior payment in full of all Senior Debt. 
  

 72 

 Notwithstanding the foregoing, if a deposit referred to in Section 13.04(1) is made pursuant
to Section 13.02 or Section 13.03 with respect to any Securities (and provided all other conditions set out in Section 13.02 or Section 13.03, as applicable, shall have been satisfied with respect to
such Securities), then no money or U.S. Government Obligations so deposited, and no proceeds thereon, will be subject to any rights of holders of Senior Debt, including any such rights arising under this ARTICLE XV. 
 Section 15.02. Payment Over of Proceeds Upon Dissolution, Etc. In the event of (a) any insolvency or bankruptcy case or proceeding, or any
receivership, liquidation, reorganization or other similar case or proceeding in connection therewith, relative to the Company or to its creditors, as such, or to its assets, or (b) any liquidation, dissolution or other winding up of the
Company, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy, or (c) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of the Company, then and in any such event
the holders of Senior Debt shall be entitled to receive payment in full of all amounts due or to become due on or in respect of all Senior Debt (including any interest accruing thereon after the commencement of any such case or proceeding), or
provision shall be made for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Debt, before the Holders of the Securities are entitled to receive any payment on account of principal of (or
premium, if any) or interest on the Securities, and to that end the holders of Senior Debt shall be entitled to receive, for application to the payment thereof, any payment or distribution of any kind or character, whether in cash, property or
securities, including any such payment or distribution which may be payable or deliverable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Securities, which may be payable or deliverable in
respect of the Securities in any such case, proceeding, dissolution, liquidation or other winding up event. 
 In the event that,
notwithstanding the foregoing provisions of this Section, the Trustee or the Holder of any Security shall have received any payment or distribution of assets of the Company of any kind or character, whether in cash, property or securities, including
any such payment or distribution which may be payable or deliverable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Securities, before all Senior Debt is paid in full or payment thereof
provided for, and if such fact shall, at or prior to the time of such payment or distribution, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such payment or distribution shall be paid over or
delivered forthwith to the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee, agent or other Person making payment or distribution of assets of the Company for application to the payment of all Senior Debt remaining unpaid,
to the extent necessary to pay all Senior Debt in full, after giving effect to any concurrent payment or distribution to or for the holders of Senior Debt. Any taxes that have been withheld or deducted from any payment or distribution in respect of
the Securities, or any taxes that ought to have been withheld or deducted from any such payment or distribution that have been remitted to the relevant taxing authority, shall not be considered to be an amount that the Trustee or the Holder of any
Security receives for purposes of this Section. 
  

 73 

 For purposes of this Article only, the words “cash, property or securities” shall not be deemed
to include shares of stock of the Company as reorganized or readjusted, or securities of the Company or any other corporation or other entity, provided for by a plan of reorganization or readjustment which are subordinated in right of payment to all
Senior Debt which may at the time be outstanding to substantially the same extent as, or to a greater extent than, the Securities are so subordinated as provided in this Article. The consolidation of the Company with, or the merger of the Company
into, or the sale, conveyance, transfer or lease by the Company of all or substantially all its properties and assets to, another Person upon the terms and conditions set forth in ARTICLE VIII, or the liquidation or dissolution of the Company
following any such sale, conveyance or transfer, shall not be deemed a dissolution, winding up, liquidation, reorganization, assignment for the benefit of creditors or marshalling of assets and liabilities of the Company for the purposes of this
Section if the Person formed by such consolidation or into which the Company is merged or the Person which acquires by sale, conveyance, transfer or lease all or substantially all of such properties and assets, as the case may be, shall, as a part
of such consolidation, merger, sale, conveyance, transfer or lease, comply with the conditions set forth in ARTICLE VIII. 
 Section
15.03. Prior Payment to Senior Debt Upon Acceleration of Securities. In the event that any Securities are declared due and payable before their Stated Maturity, then and in such event the holders of Senior Debt shall be entitled to receive
payment in full of all amounts due or to become due on or in respect of all Senior Debt or provision shall be made for such payment in cash, before the Holders of the Securities are entitled to receive any payment (including any payment which may be
payable by reason of the payment of any other indebtedness of the Company being subordinated to the payment of the Securities) by the Company on account of the principal of (or premium, if any) or interest on the Securities or on account of the
purchase or other acquisition of Securities; provided, however, that nothing in this Section shall prevent the satisfaction of any sinking fund payment in accordance with ARTICLE XII by delivering and crediting pursuant to
Section 12.02 Securities which have been acquired (upon redemption or otherwise) prior to such declaration of acceleration. 
 In
the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder of any Security prohibited by the foregoing provisions of this Section, and if such fact shall, at or prior to the time of such payment,
have been made known to the Trustee or, as the case may be, such Holder, then and in such event such payment shall be paid over and delivered forthwith to the Company. 
 Section 15.04. No Payment When Senior Debt in Default. Subject to the last paragraph of this Section, (a) (i) in the event and during the continuation of any default in the payment of principal of (or
premium, if any) or interest on any Senior Debt beyond any applicable grace period with respect thereto, or (ii) in the event that any event of default with respect to any Senior Debt shall have occurred and be continuing permitting the holders
of such Senior Debt (or a trustee on behalf of the holders thereof) to declare such Senior Debt due and payable prior to the date on which it would otherwise have become due and payable, whether or not such Senior Debt has been so accelerated
(provided that, in the case of Clause (i) or Clause (ii), if such default in payment or event of default shall have been cured or waived or shall have ceased to exist and any such declaration of acceleration shall have been rescinded or
annulled, then such default in payment or event of default, as the case may be, shall be deemed not to have 

  

 74 

 
occurred for the purposes of this Section), or (b) in the event that any judicial proceeding shall be pending with respect to any such default in
payment or event of default that shall be deemed to have occurred for the purpose of this Section, then no payment (including any payment which may be payable by reason of the payment of any other indebtedness of the Company being subordinated to
the payment of the Securities) shall be made by the Company on account of principal of (or premium, if any) or interest on the Securities or on account of the purchase or other acquisition of Securities; provided, however, that nothing in this
Section shall prevent the satisfaction of any sinking fund payment in accordance with Article XII by delivering and crediting pursuant to Section 12.02 Securities which have been acquired (upon redemption or otherwise) prior to
such default in payment. 
 In the event that, notwithstanding the foregoing, the Company shall make any payment to the Trustee or the Holder
of any Security prohibited by the provisions of this Section, and if such fact shall, at or prior to the time of such payment, have been made known to the Trustee or, as the case may be, such Holder, then and in such event such payment shall be paid
over and delivered forthwith to the Company. 
 No default in payment or event of default with respect to any Senior Debt shall be deemed to
be a default in payment or event of default of the kind specified in Clause (a)(i) or (a)(ii) of this Section, and no judicial proceeding with respect to any such default in payment or event of default shall be deemed to be a judicial proceeding of
the kind specified in Clause (b) of this Section, if (x) the Company shall be disputing the occurrence or continuation of such default in payment or event of default, or any obligation purportedly giving rise to such default in payment or
event of default, and (y) no final judgment holding that such default in payment or event of default has occurred and is continuing shall have been issued. For this purpose, a “final judgment” means a judgment that is issued by a
court having jurisdiction over the Company or its property, is binding on the Company or its property, is in full force and effect and is not subject to judicial appeal or review (including because the time within which a party may seek appeal or
review has expired), provided that, if any such judgment has been issued but is subject to judicial appeal or review, it shall nevertheless be deemed to be a final judgment unless the Company shall in good faith be prosecuting such appeal or a
proceeding for such review and shall have obtained a stay of execution pending such appeal or review. Notwithstanding the foregoing, this paragraph shall not apply to any default in payment or event of default with respect to any Senior Debt as to
which the Company has waived the application of this paragraph in the instrument evidencing such Senior Debt or by which such Senior Debt is created, incurred, assumed or guaranteed by the Company. 
 Section 15.05. Payment Permitted in Certain Situations. Nothing contained in this Article or elsewhere in this Indenture or in any of the
Securities shall prevent (a) the Company, at any time except during the pendency of any case, proceeding, dissolution, liquidation or other winding up, assignment for the benefit of creditors or other marshalling of assets and liabilities of
the Company referred to in Section 15.02 or under the conditions described in Section 15.03 or Section 15.04, from making payments at any time of or on account of the principal of (and premium, if any) or interest
on the Securities, or on account of the purchase or other acquisition of Securities, or (b) the application by the Trustee of any money deposited with it hereunder to the payment of or on account of the principal of (and premium, if any) or
interest on the Securities or the retention of such payment by the Holders, if, at the time of such application by the Trustee, it did not have knowledge that such payment would have been prohibited by the provisions of this Article. 
  

 75 

 Section 15.06. Subrogation to Rights of Holders of Senior Debt. Subject to the payment in full of
all Senior Debt or the provision for such payment in cash or cash equivalents or otherwise in a manner satisfactory to the holders of Senior Debt, the Holders of the Securities shall be subrogated to the extent of the payments or distributions made
to the holders of such Senior Debt pursuant to the provisions of this Article (equally and ratably with the holders of indebtedness of the Company which by its express terms is subordinated to Indebtedness of the Company to substantially the same
extent as the Securities are subordinated to the Senior Debt and is entitled to like rights of subrogation) to the rights of the holders of such Senior Debt to receive payments and distributions of cash, property and securities applicable to the
Senior Debt until the principal of (and premium, if any) and interest on the Securities shall be paid in full. For purposes of such subrogation, no payments or distributions to the holders of the Senior Debt of any cash, property or securities to
which the Holders of the Securities or the Trustee would be entitled except for the provisions of this Article, and no payments over pursuant to the provisions of this Article to the holders of Senior Debt by Holders of the Securities or the
Trustee, shall, as among the Company, its creditors other than holders of Senior Debt and the Holders of the Securities, be deemed to be a payment or distribution by the Company to or on account of the Senior Debt. 
 Section 15.07. Provisions Solely to Define Relative Rights. The provisions of this Article are and are intended solely for the purpose of defining
the relative rights of the Holders of the Securities on the one hand and the holders of Senior Debt on the other hand. Nothing contained in this Article or elsewhere in this Indenture or in the Securities is intended to or shall (a) impair, as
among the Company, its creditors other than holders of Senior Debt and the Holders of the Securities, the obligation of the Company, which is absolute and unconditional (and which, subject to the rights under this Article of the holders of Senior
Debt, is intended to rank equally with all other general obligations of the Company), to pay to the Holders of the Securities the principal of (and premium, if any) and interest on the Securities as and when the same shall become due and payable in
accordance with their terms; or (b) affect the relative rights against the Company of the Holders of the Securities and creditors of the Company other than the holders of Senior Debt; or (c) prevent the Trustee or the Holder of any
Security from exercising all remedies otherwise permitted by applicable law upon default under this Indenture, subject to the rights, if any, under this Article of the holders of Senior Debt to receive cash, property and securities otherwise payable
or deliverable to the Trustee or such Holder. 
 Section 15.08. Trustee to Effectuate Subordination. Each Holder of a Security by his
acceptance thereof authorizes and directs the Trustee on his behalf to take such action as may be necessary or appropriate to effectuate the subordination provided in this Article and appoints the Trustee his attorney-in-fact for any and all such
purposes. 
 Section 15.09. No Waiver of Subordination Provisions. No right of any present or future holder of any Senior Debt to
enforce subordination as herein provided shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or by any act or failure to act, in good faith, by any such holder, or by any non-compliance by
the Company with the terms, provisions and covenants of this Indenture, regardless of any knowledge thereof any such holder may have or be otherwise charged with. 
  

 76 

 Without in any way limiting the generality of the foregoing paragraph, the holders of Senior Debt may, at
any time and from time to time, without the consent of or notice to the Trustee or the Holders of the Securities, without incurring responsibility to the Holders of the Securities and without impairing or releasing the subordination provided in this
Article or the obligations hereunder of the Holders of the Securities to the holders of Senior Debt do any one or more of the following: (i) change the manner, place or terms of payment or extend the time of payment of, or renew or alter,
Senior Debt or otherwise amend or supplement in any manner Senior Debt or any instrument evidencing the same or any agreement under which Senior Debt is outstanding; (ii) sell, exchange, release or otherwise deal with any property pledged,
mortgaged or otherwise securing Senior Debt; (iii) release any Person liable in any manner for the collection of Senior Debt; and (iv) exercise or refrain from exercising any rights against the Company and any other Person. 
 Section 15.10. Notice to Trustee. The Company shall give prompt written notice to the Trustee of any fact known to the Company which would
prohibit the making of any payment to or by the Trustee in respect of the Securities. Notwithstanding the provisions of this Article or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any
facts which would prohibit the making of any payment to or by the Trustee in respect of the Securities, unless and until the Trustee shall have received written notice thereof from the Company or a holder of Senior Debt or from any trustee therefor;
and, prior to the receipt of any such written notice, the Trustee, subject to the provisions of Section 6.01, shall be entitled in all respects to assume that no such facts exist. 
 Subject to the provisions of Section 6.01, the Trustee shall be entitled to conclusively rely on the delivery to it of a written notice by a
Person representing himself to be a holder of Senior Debt (or a trustee therefor) to establish that such notice has been given by a holder of Senior Debt (or a trustee therefor). In the event that the Trustee determines in good faith that further
evidence is required with respect to the right of any Person as a holder of Senior Debt to participate in any payment or distribution pursuant to this Article, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of
the Trustee as to the amount of Senior Debt held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article, and if such
evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. 
 Section 15.11. Reliance on Judicial Order or Certificate of Liquidating Agent. Upon any payment or distribution of assets of the Company referred to in this Article, the Trustee, subject to the provisions of
Section 6.01, and the Holders of the Securities shall be entitled to conclusively rely upon any order or decree entered by any court of competent jurisdiction in which such insolvency, bankruptcy, receivership, liquidation,
reorganization, dissolution, winding up or similar case or proceeding is pending, or a certificate of the trustee in bankruptcy, receiver, liquidating trustee, custodian, assignee for the benefit of creditors, agent or other Person making such
payment or distribution, delivered to the Trustee or to the Holders of 

  

 77 

 
Securities, for the purpose of ascertaining the Persons entitled to participate in such payment or distribution, the holders of Senior Debt and other
indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto or to this Article. 
 Section 15.12. Trustee Not Fiduciary For Holders of Senior Debt. The Trustee shall not be deemed to owe any fiduciary duty to the holders of
Senior Debt and shall not be liable to any such holders or creditors if it shall in good faith pay over or distribute to Holders of Securities or to the Company or to any other Person cash, property or securities to which any holders of Senior Debt
shall be entitled by virtue of this Article or otherwise. With respect to the holders of Senior Debt, the Trustee undertakes to perform or to observe only such of its covenants or obligations as are specifically set forth in this Article and no
implied covenants or obligations with respect to holders of Senior Debt shall be read into this Indenture against the Trustee. 
 Section
15.13. Rights of Trustee as Holder of Senior Debt; Preservation of Trustees Rights. The Trustee in its individual capacity shall be entitled to all the rights set forth in this Article with respect to any Senior Debt which may at any time be
held by it, to the same extent as any other holder of Senior Debt and nothing in this Indenture shall deprive the Trustee of any of its rights as such holder. 
 Nothing in this Article shall apply to claims of, or payments to, the Trustee under or pursuant to Section 6.07. 
 Section 15.14. Article Applicable to Paying Agents. In case at any time any Paying Agent other than the Trustee shall have been appointed by the Company and be then acting hereunder, the term
“Trustee” as used in this Article shall in such case (unless the context otherwise requires) be construed as extending to and including such Paying Agent within its meaning as fully for all intents and purposes as if such Paying Agent were
named in this Article in addition to or in place of the Trustee. 
 ARTICLE XVI 
 SECURITY 
 Section 16.01. Security. If so provided pursuant to
Section 3.01 with respect to the Securities of any series, the Securities of such series may be secured by such property, assets or other collateral as may be specified in or pursuant to Section 3.01. Any and all terms and
provisions applicable to the security for the Securities of such series shall also be provided in or pursuant to Section 3.01, which may include, without limitation, provisions for the execution and delivery of such security agreements,
pledge agreements, collateral agreements and other similar or related agreements as the Company may elect and which may provide for the Trustee to act as collateral agent or in a similar or other capacity. The Trustee shall comply with Sections
313(a)(5) and (6) and 313(b)(1) of the Trust Indenture Act and the Company shall comply with Sections 314(b), 314(c) and 314(d) of the Trust Indenture Act, in each case in respect of any secured Securities that may be outstanding hereunder from
time to time. 
  

 78 

 * * * * * 
 This instrument may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. The
exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all
purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 
  

 79 

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

					
	RUTH’S HOSPITALITY GROUP, INC.
		
	By:	 	  

			
		 	Its:	 	  

	
	R.F. INC.
		
	By:	 	  

			
		 	Its:	 	  

	
	RCSH HOLDINGS, INC.
		
	By:	 	  

			
		 	Its:	 	  

	
	RCSH OPERATIONS, INC.
		
	By:	 	  

			
		 	Its:	 	  

	
	RCSH OPERATIONS, LLC
		
	By:	 	RUTH’S HOSPITALITY GROUP, INC.
		
		 	Its: Sole Member
		
	By:	 	  

			
		 	Its:	 	  

	
	RUTH’S CHRIS STEAK HOUSE BOSTON, LLC
		
	By:	 	RUTH’S HOSPITALITY GROUP, INC.
		
		 	Its: Sole Member
		
	By:	 	  

			
		 	Its:	 	  

  

 80 

					
	RUTH’S CHRIS STEAK HOUSE DALLAS, L.P.
		
	By:	 	RUTH’S HOSPITALITY GROUP, INC.
		
		 	Its: General Partner
		
	By:	 	  

			
		 	Its:	 	  

	
	RUTH’S CHRIS STEAK HOUSE TEXAS, L.P.
		
	By:	 	RUTH’S HOSPITALITY GROUP, INC.
		
		 	Its: General Partner
		
	By:	 	  

			
		 	Its:	 	  

	
	RUTH’S CHRIS STEAK HOUSE FRANCHISE, INC.
		
	By:	 	  

			
		 	Its:	 	  

	
	RHG FISH MARKET, INC.
		
	By:	 	  

			
		 	Its:	 	  

	
	RHG KINGFISH, LLC
		
	By:	 	RUTH’S HOSPITALITY GROUP, INC.
		
		 	Its: Sole Member
		
	By:	 	  

			
		 	Its:	 	  

  

 81 

  

					
	RCSH MILLWORK, LLC
		
	By:	 	RCSH OPERATIONS, LLC
		
		 	Its: Sole Member
		
	By:	 	RUTH’S HOSPITALITY GROUP, INC.
		
		 	Its: Sole Member
		
	By:	 	  

			
		 	Its:	 	  

  

					
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	  

			
		 	Its:	 	  

  

 82First Amended and Restated Credit Agreement

 Exhibit 10.27 
 EXECUTION VERSION 
 FIRST AMENDED AND RESTATED 
 CREDIT AGREEMENT 
 DATED AS OF
FEBRUARY 19, 2008 
 AMONG 
 RUTH’S CHRIS STEAK HOUSE, INC., 
 as Borrower, 
 THE LENDERS LISTED HEREIN, 
 as Lenders, 
 WELLS FARGO BANK, NATIONAL ASSOCIATION, 
 as Administrative Agent and Sole Bookrunner, 
 BANK OF AMERICA, N.A., 
 as Syndication Agent 
 and

 WACHOVIA BANK, NATIONAL ASSOCIATION 
 and 
 JPMORGAN CHASE BANK, N.A., 
 as Co-Documentation Agents 
 BANC OF AMERICA SECURITIES LLC 
 and 
 WELLS FARGO BANK, NATIONAL
ASSOCIATION, 
 as Co-Lead Arrangers 

 EXECUTION VERSION 
  

							
	 SECTION 1.
	 	DEFINITIONS	  	2
	1.1  	 	Certain Defined Terms	  	2
	1.2  	 	Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement	  	25
	1.3  	 	Other Definitional Provisions and Rules of Construction	  	26
	1.4  	 	Amendment and Restatement	  	26
	 SECTION 2.
	 	AMOUNTS AND TERMS OF COMMITMENTS AND LOANS	  	26
	2.1  	 	Commitments; Making of Loans; the Register; Optional Notes	  	26
	2.2  	 	Interest on the Loans	  	32
	2.3  	 	Fees	  	36
	2.4  	 	Repayments, Prepayments and Reductions of Revolving Loan Commitment Amount; General Provisions Regarding Payments; Application of Proceeds of Collateral and Payments
Under Subsidiary Guaranty	  	37
	2.5  	 	Use of Proceeds	  	42
	2.6  	 	Special Provisions Governing Eurodollar Rate Loans	  	43
	2.7  	 	Increased Costs; Taxes; Capital Adequacy	  	45
	2.8  	 	Statement of Lenders; Obligation of Lenders and Issuing Lender to Mitigate	  	49
	2.9  	 	Replacement of a Lender	  	50
	2.10	 	Increase in Commitments	  	51
	 SECTION 3.
	 	LETTERS OF CREDIT	  	53
	3.1  	 	Issuance of Letters of Credit and Lenders’ Purchase of Participations Therein	  	53
	3.2  	 	Letter of Credit Fees	  	55
	3.3  	 	Drawings and Reimbursement of Amounts Paid Under Letters of Credit	  	55
	3.4  	 	Obligations Absolute	  	58
	3.5  	 	Nature of Issuing Lender’s Duties	  	59
	 SECTION 4.
	 	CONDITIONS TO LOANS AND LETTERS OF CREDIT	  	60
	4.1  	 	Conditions to Initial Revolving Loans and Swing Line Loans	  	60
	4.2  	 	Conditions to All Loans	  	65
	4.3  	 	Conditions to Letters of Credit	  	65

  

 i 

 EXECUTION VERSION 
  

							
	 SECTION 5.
	 	COMPANY’S REPRESENTATIONS AND WARRANTIES	  	66
	 5.1  
	 	Organization, Powers, Qualification, Good Standing, Business and Subsidiaries	  	66
	 5.2  
	 	Authorization of Borrowing, etc.	  	67
	 5.3  
	 	Financial Condition	  	67
	 5.4  
	 	No Material Adverse Change; No Restricted Junior Payments	  	68
	 5.5  
	 	Title to Properties; Liens; Real Property; Intellectual Property	  	68
	 5.6  
	 	Litigation; Adverse Facts	  	69
	 5.7  
	 	Payment of Taxes	  	69
	 5.8  
	 	Governmental Regulation	  	69
	 5.9  
	 	Securities Activities	  	69
	 5.10
	 	Employee Benefit Plans	  	70
	 5.11
	 	Certain Fees	  	70
	 5.12
	 	Environmental Protection	  	70
	 5.13
	 	Employee Matters	  	71
	 5.14
	 	Solvency	  	71
	 5.15
	 	Matters Relating to Collateral	  	71
	 5.16
	 	Disclosure	  	72
	 5.17
	 	UFOC	  	72
	 5.18
	 	Acquisition Agreement	  	72
	 5.19
	 	Compliance with OFAC Rules and Regulations.	  	73
	 5.20
	 	Foreign Assets Control Regulations, Etc.	  	73
	 SECTION 6.
	 	COMPANY’S AFFIRMATIVE COVENANTS	  	73
	 6.1  
	 	Financial Statements and Other Reports	  	73
	 6.2  
	 	Existence, etc.	  	78
	 6.3  
	 	Payment of Taxes and Claims; Tax	  	78
	 6.4  
	 	Maintenance of Properties; Insurance; Application of Net Insurance/ Condemnation Proceeds	  	78
	 6.5  
	 	Inspection Rights; Lender Meeting	  	80
	 6.6  
	 	Compliance with Laws, etc.	  	80
	 6.7  
	 	Environmental Matters	  	80
	 6.8  
	 	Execution of Subsidiary Guaranty and Collateral Documents After the Restatement Date	  	81

  

 ii 

 EXECUTION VERSION 
  

							
	 SECTION 7.
	 	COMPANY’S NEGATIVE COVENANTS	  	82
	 7.1  
	 	Indebtedness	  	83
	 7.2  
	 	Liens and Related Matters	  	83
	 7.3  
	 	Investments; Acquisitions	  	84
	 7.4  
	 	Contingent Obligations	  	86
	 7.5  
	 	Restricted Junior Payments	  	86
	 7.6  
	 	Financial Covenants	  	87
	 7.7  
	 	Restriction on Fundamental Changes; Asset Sales	  	87
	 7.8  
	 	Transactions with Shareholders and Affiliates	  	88
	 7.9  
	 	Sales and Lease-Backs	  	88
	 7.10
	 	Conduct of Business	  	89
	 7.11
	 	Amendments of Organizational Documents	  	89
	 7.12
	 	Fiscal Year	  	89
	 7.13
	 	UFOC	  	89
	 SECTION 8.
	 	EVENTS OF DEFAULT	  	89
	 8.1  
	 	Failure to Make Payments When Due	  	90
	 8.2  
	 	Default in Other Agreements	  	90
	 8.3  
	 	Breach of Certain Covenants	  	90
	 8.4  
	 	Breach of Warranty	  	90
	 8.5  
	 	Other Defaults Under Loan Documents	  	90
	 8.6  
	 	Involuntary Bankruptcy; Appointment of Receiver, etc.	  	91
	 8.7  
	 	Voluntary Bankruptcy; Appointment of Receiver, etc.	  	91
	 8.8  
	 	Judgments and Attachments	  	91
	 8.9  
	 	Nonmonetary Judgments	  	92
	 8.10
	 	Dissolution	  	92
	 8.11
	 	Employee Benefit Plans	  	92
	 8.12
	 	Change in Control	  	92
	 8.13
	 	Invalidity of Loan Documents; Failure of Security; Repudiation of Obligations	  	92
	 8.14
	 	Failure to Consummate Acquisition	  	92
	 SECTION 9.
	 		 	ADMINISTRATIVE AGENT	  	93
	 9.1  
	 	Appointment	  	93

  

 iii 

 EXECUTION VERSION 
  

							
	 9.2  
	 	Powers and Duties; General Immunity	  	95
	 9.3  
	 	Independent Investigation by Lenders; No Responsibility For Appraisal of Creditworthiness	  	96
	 9.4  
	 	Right to Indemnity	  	96
	 9.5  
	 	Resignation of Agents; Successor Administrative Agent and Swing Line Lender	  	97
	 9.6  
	 	Collateral Documents and Subsidiary Guaranty	  	98
	 9.7  
	 	Duties of Other Agents	  	99
	 9.8  
	 	Administrative Agent May File Proofs of Claim	  	99
	 SECTION 10.
	 	MISCELLANEOUS	  	100
	 10.1  
	 	Successors and Assigns; Assignments and Participations in Loans and Letters of Credit	  	100
	 10.2  
	 	Expenses	  	103
	 10.3  
	 	Indemnity	  	104
	 10.4  
	 	Set-Off	  	105
	 10.5  
	 	Ratable Sharing	  	105
	 10.6  
	 	Amendments and Waivers	  	106
	 10.7  
	 	Independence of Covenants	  	107
	 10.8  
	 	Notices; Effectiveness of Signatures	  	108
	 10.9  
	 	Survival of Representations, Warranties and Agreements	  	109
	 10.10
	 	Failure or Indulgence Not Waiver; Remedies Cumulative	  	109
	 10.11
	 	Marshalling; Payments Set Aside	  	109
	 10.12
	 	Severability	  	109
	 10.13
	 	Obligations Several; Independent Nature of Lenders’ Rights; Damage Waiver	  	110
	 10.14
	 	Release of Security Interest or Subsidiary Guaranty	  	110
	 10.15
	 	Applicable Law	  	111
	 10.16
	 	Construction of Agreement; Nature of Relationship	  	111
	 10.17
	 	Consent to Jurisdiction and Service of Process	  	111
	 10.18
	 	Waiver of Jury Trial	  	112
	 10.19
	 	Confidentiality	  	112
	 10.20
	 	Counterparts; Effectiveness	  	113
	 10.21
	 	Successor Issuing Lender	  	113

  

 iv 

 EXECUTION VERSION 
  

							
	 10.22
	 	Patriot Act Notice.	  	114
	 10.23
	 	Advertising, Promotion and Marketing.	  	114

  

 v 

 EXHIBITS 
  

			
	I	  	FORM OF NOTICE OF BORROWING
		
	II	  	FORM OF NOTICE OF CONVERSION/CONTINUATION
		
	III	  	FORM OF REQUEST FOR ISSUANCE
		
	IV	  	FORM OF NOTICE OF PREPAYMENT
		
	V	  	FORM OF REVOLVING NOTE
		
	VI	  	FORM OF SWING LINE NOTE
		
	VII	  	FORM OF COMPLIANCE CERTIFICATE
		
	VIII	  	FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT
		
	IX	  	FORM OF FIRST AMENDED AND RESTATED SUBSIDIARY GUARANTY
		
	X	  	FORM OF FIRST AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT
		
	XI	  	FORM OF SOLVENCY CERTIFICATE

  

 -i- 

 SCHEDULES 
  

			
	1.1	  	EXISTING LETTERS OF CREDIT
		
	2.1	  	LENDERS’ COMMITMENTS AND PRO RATA SHARES
		
	5.1	  	COMPANY AND ITS SUBSIDIARIES
		
	5.5	  	INTELLECTUAL PROPERTY
		
	5.6	  	LITIGATION
		
	5.12	  	ENVIRONMENTAL MATTERS
		
	7.1	  	CERTAIN EXISTING INDEBTEDNESS
		
	7.2	  	CERTAIN EXISTING LIENS
		
	7.3	  	CERTAIN EXISTING INVESTMENTS
		
	7.4	  	CERTAIN EXISTING CONTINGENT OBLIGATIONS

  

 -ii- 

 EXECUTION VERSION 
 RUTH’S CHRIS STEAK HOUSE, INC. 
 FIRST AMENDED AND RESTATED 
 CREDIT AGREEMENT 
 This FIRST
AMENDED AND RESTATED CREDIT AGREEMENT is dated as of February 19, 2008 and entered into by and among RUTH’S CHRIS STEAK HOUSE, INC., a Delaware corporation (“Company”), THE FINANCIAL INSTITUTIONS FROM TIME TO
TIME PARTY HERETO (each individually referred to herein as a “Lender” and collectively as “Lenders”), WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), as administrative agent for
Lenders (in such capacity, “Administrative Agent”) and a co-lead arranger, Banc of America Securities LLC, as a co-lead arranger (together with Wells Fargo, in such capacity, “Co-Lead Arrangers”), Bank of America,
N.A., as syndication agent (in such capacity “Syndication Agent”), and Wachovia Bank, National Association and JPMorgan Chase Bank, N.A., as co-documentation agents (in such capacity, “Co-Documentation Agents”).

 R E C I T A L S 
 WHEREAS, Company, certain lenders and Wells Fargo, as administrative agent, are parties to that certain Credit Agreement dated as of September 27, 2005, as amended pursuant to the First Amendment to Credit Agreement dated as of
May 17, 2006 and the Second Amendment to Credit Agreement dated as of August 7, 2007 (the “Original Credit Agreement”); 
 WHEREAS, on the Restatement Date (this and other capitalized terms used in these recitals without definition being used as defined in subsection 1.1), Company will purchase the Acquired Business pursuant to the Acquisition Agreement;

 WHEREAS, Lenders, at the request of Company, have agreed to increase the Commitments, the proceeds of which will be used
(i) to fund the Acquisition Financing Requirements and (ii) together with the existing Commitments, to provide financing for working capital and other general corporate purposes of Company and its Subsidiaries (including the acquisition of
one or more Ruth’s Chris restaurant franchises to the extent permitted hereunder); 
 WHEREAS, Company desires to continue to
secure all of the Obligations hereunder and under the other Loan Documents by a First Priority Lien, granted to Administrative Agent, on behalf of Lenders, on all of the Capital Stock of its Domestic Subsidiaries and 66% of the Capital Stock of
certain of its Foreign Subsidiaries; and 
 WHEREAS, all of the Domestic Subsidiaries of Company desire to continue to guarantee the
Obligations hereunder and under the other Loan Documents and to continue to secure their guaranties by a First Priority Lien, granted to Administrative Agent, on behalf of Lenders, on all of the Capital Stock of their Domestic Subsidiaries and 66%
of the Capital Stock of certain of their Foreign Subsidiaries: 
 NOW, THEREFORE, in consideration of the premises and the agreements,
provisions and covenants herein contained, Company, Lenders, Co-Lead Arrangers, Syndication Agent, Co-Documentation Agents and Administrative Agent agree that the Original Credit Agreement is hereby amended and restated to read in its entirety as
follows: 
  

 1 

 EXECUTION VERSION 
  

 Section 1. DEFINITIONS 
  

	 	1.1	Certain Defined Terms 

 The following terms
used in this Agreement shall have the following meanings: 
 “Acquired Business” means, collectively, Mitchell’s Fish
Market (“Mitchell’s Fish Market”), operating under the names Mitchell’s Fish Market and Columbus Fish Market, and Cameron’s Steakhouse (“Cameron’s Steakhouse”), operating under the names
Cameron’s Steakhouse and Mitchell’s Steakhouse. 
 “Acquisition” means the transactions contemplated by the
Acquisition Agreement. 
 “Acquisition Agreement” means that certain Asset Purchase Agreement, dated as of November 6,
2007, by and among Company, Seller, and M. Cameron Mitchell and 1245 Properties, LLC, an Ohio limited liability company, as the interveners, in the form delivered to Administrative Agent and Lenders prior to their execution of this Agreement and as
such agreement may be amended from time to time thereafter. 
 “Acquisition EBITDA” means, for any period ending prior to
March 29, 2009, the sum, without duplication, of the amounts for such period of (i) Consolidated Net Income, (ii) Consolidated Interest Expense, (iii) provisions for taxes based on income, (iv) total depreciation expense,
(v) total amortization expense, (vi) pre-opening costs, (vii) administrative overhead costs not to exceed $4,500,000, (viii) management fees paid to M. Cameron Mitchell and CMR Management, Inc. in the aggregate not to exceed 4%
of gross revenues of the Acquired Business for fiscal year 2007, and (ix) non-cash write-offs of restaurant assets, in the case of clauses (ii)-(ix), to the extent deducted in the calculation of Consolidated Net Income, less non-cash
items added in the calculation of Consolidated Net Income, all of the foregoing as determined on a combined basis for the Acquired Business in conformity with GAAP. For purposes of determining Acquisition EBITDA, references in the definitions of
“Consolidated Net Income” and “Consolidated Interest Expense” to Company and its Subsidiaries shall be deemed to refer to the Acquired Business. 
 “Acquisition Financing Requirements” means the aggregate of all amounts necessary (i) to finance the purchase price payable in connection with the Acquisition and (ii) to pay Transaction
Costs. 
 “Administrative Agent” has the meaning assigned to that term in the introduction to this Agreement and also means
and includes any successor Administrative Agent appointed pursuant to subsection 9.5A. 
 “Affected Lender” has the meaning
assigned to that term in subsection 2.6C. 
 “Affected Loans” has the meaning assigned to that term in subsection 2.6C.

  

 2 

 EXECUTION VERSION 
  

 “Affiliate”, as applied to any Person, means any other Person directly or
indirectly controlling, controlled by, or under common control with, that Person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlling”, “controlled by” and
“under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting
securities or by contract or otherwise. 
 “Affiliated Funds” means Funds that are administered or managed by (i) a
single entity or (ii) an Affiliate of such entity. 
 “Agents” means Administrative Agent, Syndication Agent,
Co-Documentation Agents, Co-Lead Arrangers, Supplemental Collateral Agents and Related Parties. 
 “Aggregate Amounts Due”
has the meaning assigned to that term in subsection 10.5. 
 “Agreement” means this First Amended and Restated Credit
Agreement dated as of February 19, 2008. 
 “Approved Fund” means a Fund that is administered or managed by (i) a
Lender, (ii) an Affiliate of a Lender or (iii) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Asset Sale” means the sale by Company or any of its Subsidiaries to any Person other than Company or any of its wholly-owned Subsidiaries of (i) any of the stock of any of Company’s Subsidiaries,
(ii) substantially all of the assets of any division or line of business of Company or any of its Subsidiaries, or (iii) any other assets (whether tangible or intangible) of Company or any of its Subsidiaries (other than (a) inventory
sold in the ordinary course of business, (b) sales, assignments, transfers or dispositions of accounts in the ordinary course of business for purposes of collection and (c) any such other assets to the extent that the aggregate value of
such assets sold in any Fiscal Year is equal to $750,000 or less). 
 “Assignment Agreement” means an Assignment and
Assumption in substantially the form of Exhibit VIII annexed hereto. 
 “Bankruptcy Code” means Title 11
of the United States Code entitled “Bankruptcy”, as now and hereafter in effect, or any successor statute. 
 “Base Rate” means, at any time, the higher of (i) the Prime Rate or (ii) the rate which is  1/2 of 1% in excess of the Federal Funds Effective Rate. Any change in the Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective on the effective date of such change. 
 “Base Rate Loans” means Loans bearing interest at rates determined by reference to the Base Rate as provided in subsection 2.2A.

  

 3 

 EXECUTION VERSION 
  

 “Base Rate Margin” means the margin over the Base Rate used in determining the rate
of interest of Revolving Loans that are Base Rate Loans pursuant to subsection 2.2A. 
 “Business Day” means (i) for
all purposes other than as covered by clause (ii) below, any day excluding Saturday, Sunday and any day which is a legal holiday under the laws of the State of California, Florida, Louisiana or New York or is a day on which banking institutions
located in such state are authorized or required by law or other governmental action to close, and (ii) with respect to all notices, determinations, fundings and payments in connection with the Eurodollar Rate or any Eurodollar Rate Loans, any
day that is a Business Day described in clause (i) above and that is also a day for trading by and between banks in Dollar deposits in the London interbank market. 
 “Cameron’s Steakhouse” has the meaning assigned to that term in the definition of “Acquired Business.” 
 “Capital Lease”, as applied to any Person, means any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity with GAAP, is accounted for as a capital lease
on the balance sheet of that Person. 
 “Capital Stock” means the capital stock of or other equity interests in a Person.

 “Cash” means money, currency or a credit balance in a demand, time, savings, passbook or similar account maintained with
a Person engaged in the business of banking, including a savings bank, savings and loan association, credit union or trust company. 
 “Cash Equivalents” means, as at any date of determination, (i) marketable securities (a) issued or directly and unconditionally guaranteed as to interest and principal by the United States Government or
(b) issued by any agency of the United States the obligations of which are backed by the full faith and credit of the United States, in each case maturing within one year after such date; (ii) marketable direct obligations issued by any
state of the United States of America or any political subdivision of any such state or any public instrumentality thereof, in each case maturing within one year after such date and having, at the time of the acquisition thereof, the highest rating
obtainable from either Standard & Poor’s (“S&P”) or Moody’s Investors Service, Inc. (“Moody’s”); (iii) commercial paper maturing no more than one year from the date of creation
thereof and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iv) certificates of deposit or bankers’ acceptances maturing within one year after such date and issued
or accepted by any Lender or by any commercial bank organized under the laws of the United States of America or any state thereof or the District of Columbia that (a) is at least “adequately capitalized” (as defined in the regulations
of its primary Federal banking regulator) and (b) has Tier 1 capital (as defined in such regulations) of not less than $100,000,000; and (v) shares of any money market mutual fund that (a) has at least 95% of its assets invested
continuously in the types of investments referred to in clauses (i) and (ii) above, (b) has net assets of not less than $500,000,000, and (c) has the highest rating obtainable from either S&P or Moody’s. 
 “Change in Control” means any of the following: (i) any “person” or “group” (within the meaning of Sections
13(d) and 14(d) of the Exchange Act), other than Madison 

  

 4 

 EXECUTION VERSION 
  

 
Dearborn and its Affiliates, existing stockholders as of the Closing Date and employees of Company and its Subsidiaries, becomes the beneficial owner,
directly or indirectly of 20% or more of the issued and outstanding shares of capital stock of Company entitled (without regard to the occurrence of any contingency) to vote for the election of members of the Governing Body of Company, (ii) the
occurrence of a change in the composition of the Governing Body of Company such that a majority of the members of any such Governing Body are not Continuing Members; and (iii) the occurrence of any “Change in Control” as defined in
Company’s Articles of Incorporation. As used herein, the term “beneficially own” or “beneficial ownership” shall have the meaning set forth in the Exchange Act and the rules and regulations promulgated thereunder.

 “Change in Law” means the occurrence, after the date of this Agreement, of any of the following: (i) the adoption
or taking effect of any law, rule, regulation, treaty or order, (ii) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Government Authority, (iii) any determination of
a court or other Government Authority or (iv) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Government Authority. 
 “Closing Date” means September 27, 2005, being the date on which the initial Loans were made under the Original Credit Agreement.

 “Co-Documentation Agents” has the meaning assigned to that term in the introduction to this Agreement. 
 “Co-Lead Arrangers” has the meaning assigned to that term in the introduction to this Agreement. 
 “Collateral” means, collectively, all of the property in which Liens are purported to be granted pursuant to the Collateral Documents
as security for the Obligations. 
 “Collateral Account” has the meaning assigned to that term in the Pledge Agreement.

 “Collateral Documents” means the Pledge Agreement and all other instruments or documents delivered by any Loan Party
pursuant to this Agreement, the Original Credit Agreement or any of the other Loan Documents in order to grant to Administrative Agent, on behalf of Lenders, a Lien on any property of that Loan Party as security for the Obligations. 
 “Commercial Letter of Credit” means any letter of credit or similar instrument issued for the purpose of providing the primary payment
mechanism in connection with the purchase of any materials, goods or services by Company or any of its Subsidiaries in the ordinary course of business of Company or such Subsidiary. 
 “Commitments” means the commitments of Lenders to make Loans as set forth in subsections 2.1A and 3.3. 
 “Communications” has the meaning assigned to that term in subsection 10.8. 
  

 5 

 EXECUTION VERSION 
  

 “Company” has the meaning assigned to that term in the introduction to this
Agreement. 
 “Compliance Certificate” means a certificate substantially in the form of Exhibit VII annexed
hereto. 
 “Confidential Information Memorandum” means the Confidential Information Memorandum dated December 2007 prepared
by Wells Fargo relating to the credit facilities evidenced by this Agreement. 
 “Consolidated Capital Expenditures” means,
for any period and without duplication, the sum of the aggregate of all expenditures, including, to the extent not already included as an expenditure, the purchase price of any acquired Ruth’s Chris restaurant franchise, (whether paid in cash
or other consideration or accrued as a liability and including that portion of Capital Leases which is capitalized on the consolidated balance sheet of Company and its Subsidiaries) by Company and its Subsidiaries during that period that, in
conformity with GAAP, are included in “additions to property, plant or equipment” or comparable items reflected in the consolidated statement of cash flows of Company and its Subsidiaries. For purposes of this definition, the purchase
price of any asset that is purchased with insurance proceeds shall be included in Consolidated Capital Expenditures only to the extent of the gross amount of such purchase price less the amount of such proceeds. 
 “Consolidated EBITDA” means, for any period, the sum, without duplication, of the amounts for such period of (i) Consolidated Net
Income, (ii) Consolidated Interest Expense, (iii) provisions for taxes based on income, (iv) total depreciation expense, (v) total amortization expense, (vi) non-cash write-offs or impairment of restaurant assets (including
write-offs due to impairment of goodwill) and cash write-offs of the Manhattan UN Facility, (vii) non-recurring costs and expenses in connection with severance payments, hurricane and relocation costs, and business acquisition costs,
(viii) ongoing non-cash GAAP costs in connection with, but not limited to, stock options, restricted stock, bank fees and pre-opening straight-line rent, in the case of clauses (ii)-(viii), to the extent deducted in the calculation of
Consolidated Net Income, less non-cash items added in the calculation of Consolidated Net Income, all of the foregoing as determined on a consolidated basis for Company and its Subsidiaries in conformity with GAAP; provided that in the
event Company or any of its Subsidiaries acquires a Ruth’s Chris restaurant franchise during such period, Consolidated EBITDA for such period shall be calculated on a Pro Forma Basis; provided further that Consolidated EBITDA for
the Fiscal Quarters ending prior to March 29, 2009 shall include Acquisition EBITDA for such period as reflected in the financial statements of the Acquired Business for such period delivered to Company and Administrative Agent (as if the
Acquired Business were acquired on the first day of such period). 
 “Consolidated EBITDAR” means, for any period, the sum,
without duplication, of the amounts for such period of (i) Consolidated EBITDA and (ii) Consolidated Rental Expense. 
 “Consolidated Fixed Charges” means, for any period, the sum (without duplication) of the amounts for such period of (i) Consolidated Interest Expense, (ii) scheduled principal payments in respect of Consolidated
Total Debt, and (iii) Consolidated Rental Expense, all of the foregoing as determined on a consolidated basis for Company and its Subsidiaries in conformity with GAAP. 
  

 6 

 EXECUTION VERSION 
  

 “Consolidated Interest Expense” means, for any period, total interest expense
(including that portion attributable to Capital Leases in accordance with GAAP and capitalized interest) of Company and its Subsidiaries on a consolidated basis with respect to all outstanding Indebtedness of Company and its Subsidiaries, including
all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing, net costs under Interest Rate Agreements and amounts referred to in subsection 2.3 payable to Administrative
Agent and Lenders that are considered interest expense in accordance with GAAP, but excluding, however, any such amounts referred to in subsection 2.3 payable on or before the Restatement Date. 
 “Consolidated Leverage Ratio” means, as at any date, the ratio of (i) Consolidated Total Debt as at such date to
(ii) Consolidated EBITDA for the four consecutive Fiscal Quarter period most recently ended as at such date. 
 “Consolidated
Maintenance Capital Expenditures” means, for any period, Consolidated Capital Expenditures minus all such Consolidated Capital Expenditures relating to (i) developing, constructing and opening new restaurants,
(ii) acquiring restaurant franchises, (iii) the Acquisition of the Acquired Business and (iv) major restaurant remodeling in excess of $500,000 for any restaurant location. 
 “Consolidated Net Income” means, for any period, the net income (or loss) of Company and its Subsidiaries on a consolidated basis for
such period taken as a single accounting period determined in conformity with GAAP; provided that there shall be excluded (i) the income (or loss) of any Person (other than a Subsidiary of Company) in which any other Person (other than
Company or any of its Subsidiaries) has a joint interest, except to the extent of the amount of dividends or other distributions actually paid to Company or any of its Subsidiaries by such Person during such period, (ii) the income (or loss) of
any Person accrued prior to the date it becomes a Subsidiary of Company or is merged into or consolidated with Company or any of its Subsidiaries or that Person’s assets are acquired by Company or any of its Subsidiaries, (iii) the income
of any Subsidiary of Company to the extent that the declaration or payment of dividends or similar distributions by that Subsidiary of that income is not at the time permitted by operation of the terms of its charter or any agreement, instrument,
judgment, decree, order, statute, rule or governmental regulation applicable to that Subsidiary, (iv) any after-tax gains or losses attributable to asset sales or returned surplus assets of any Pension Plan, and (v) (to the extent not
included in clauses (i) through (iv) above) any net extraordinary gains or net non-cash extraordinary losses. 
 “Consolidated Rental Expense” means, for any period, the aggregate amount of all rents paid or payable during that period under all Real Property Operating Leases to which Company or any of its Subsidiaries is a party as
lessee as determined on a consolidated basis for Company and its Subsidiaries in conformity with GAAP. 
  

 7 

 EXECUTION VERSION 
  

 “Consolidated Total Debt” means, as at any date of determination, the aggregate
stated balance sheet amount of all Indebtedness of Company and its Subsidiaries, determined on a consolidated basis in accordance with GAAP. 
 “Contingent Obligation”, as applied to any Person, means any direct or indirect liability, contingent or otherwise, of that Person (i) with respect to any Indebtedness, lease, dividend or other obligation of another if
the primary purpose or intent thereof by the Person incurring the Contingent Obligation is to provide assurance to the obligee of such obligation of another that such obligation of another will be paid or discharged, or that any agreements relating
thereto will be complied with, or that the holders of such obligation will be protected (in whole or in part) against loss in respect thereof, (ii) with respect to any letter of credit issued for the account of that Person or as to which that
Person is otherwise liable for reimbursement of drawings, or (iii) under Hedge Agreements. Contingent Obligations shall include (a) the direct or indirect guaranty, endorsement (otherwise than for collection or deposit in the ordinary
course of business), co-making, discounting with recourse or sale with recourse by such Person of the obligation of another, (b) the obligation to make take-or-pay or similar payments if required regardless of non-performance by any other party
or parties to an agreement, and (c) any liability of such Person for the obligation of another through any agreement (contingent or otherwise) (1) to purchase, repurchase or otherwise acquire such obligation or any security therefor, or to
provide funds for the payment or discharge of such obligation (whether in the form of loans, advances, stock purchases, capital contributions or otherwise) or (2) to maintain the solvency or any balance sheet item, level of income or financial
condition of another if, in the case of any agreement described under subclauses (1) or (2) of this sentence, the primary purpose or intent thereof is as described in the preceding sentence. The amount of any Contingent Obligation shall be
equal to the amount of the obligation so guaranteed or otherwise supported or, if less, the amount to which such Contingent Obligation is specifically limited. 
 “Continuing Member” means, as of any date of determination any member of the Governing Body of Company who (i) was a member of such Governing Body on the Closing Date or (ii) was nominated
for election or elected to such Governing Body with the affirmative vote of a majority of the members who were either members of such Governing Body on the Closing Date or whose nomination or election was previously so approved. 
 “Contractual Obligation”, as applied to any Person, means any provision of any Security issued by that Person or of any material
indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. 
 “Currency Agreement” means any foreign exchange contract, currency swap agreement, futures contract, option contract, synthetic cap or
other similar agreement or arrangement to which Company or any of its Subsidiaries is a party. 
 “Dollars” and the sign
“$” mean the lawful money of the United States of America. 
  

 8 

 EXECUTION VERSION 
  

 “Domestic Subsidiary” means any Subsidiary of Company that is incorporated or
organized under the laws of the United States of America, any state thereof or in the District of Columbia. 
 “Eligible
Assignee” means (i) any Lender, any Affiliate of any Lender and any Approved Fund of any Lender; and (ii) (a) a commercial bank organized under the laws of the United States or any state thereof; (b) a savings and loan
association or savings bank organized under the laws of the United States or any state thereof; (c) a commercial bank organized under the laws of any other country or a political subdivision thereof; provided that (1) such bank is
acting through a branch or agency located in the United States or (2) such bank is organized under the laws of a country that is a member of the Organization for Economic Cooperation and Development or a political subdivision of such country;
and (d) any other entity that is an “accredited investor” (as defined in Regulation D under the Securities Act) that extends credit or buys loans as one of its businesses including insurance companies, mutual funds and lease financing
companies; provided that none of Company, any Affiliate of Company, or any Person acting at the direction of, or in concert with, any such Person, shall be an Eligible Assignee. 
 “Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA which is or was maintained
or contributed to by Company, any of its Subsidiaries or any of their respective ERISA Affiliates. 
 “Environmental Claim”
means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive (conditional or otherwise), by any Government Authority or any other Person, arising (i) pursuant to or
in connection with any actual or alleged violation of any Environmental Law, or (ii) in connection with any Hazardous Materials or any actual or alleged Hazardous Materials Activity. 
 “Environmental Laws” means any and all current or future statutes, ordinances, orders, rules, regulations, guidance documents,
judgments, Governmental Authorizations, or any other requirements of any Government Authority relating to (i) environmental matters, including those relating to any Hazardous Materials Activity, (ii) the generation, use, storage,
transportation or disposal of Hazardous Materials, or (iii) occupational safety and health, industrial hygiene, land use or the protection of human, plant or animal health or welfare, in any manner applicable to Company or any of its
Subsidiaries or any Facility. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to
time, and any successor thereto. 
 “ERISA Affiliate”, as applied to any Person, means (i) any corporation that is a
member of a controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code of which that Person is a member; (ii) any trade or business (whether or not incorporated) that is a member of a group of trades
or businesses under common control within the meaning of Section 414(c) of the Internal Revenue Code of which that Person is a member; and (iii) any member of an affiliated service group within the meaning of Section 414(m) or
(o) of the Internal Revenue Code of which that Person, any corporation described in clause (i) above or any trade or business described in clause (ii) above is a member. Any former ERISA Affiliate of a Person or any of its
Subsidiaries shall continue to be considered an ERISA 

  

 9 

 EXECUTION VERSION 
  

 
Affiliate of such Person or such Subsidiary within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of such
Person or such Subsidiary and with respect to liabilities arising after such period for which such Person or such Subsidiary could be liable under the Internal Revenue Code or ERISA. 
 “ERISA Event” means (i) a “reportable event” within the meaning of Section 4043 of ERISA and the regulations issued
thereunder with respect to any Pension Plan (excluding those for which the provision for 30-day notice to the PBGC has been waived by regulation); (ii) the failure to meet the minimum funding standard of Section 412 of the Internal Revenue
Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(d) of the Internal Revenue Code) or the failure to make by its due date a required installment under Section 412(m) of the Internal Revenue Code
with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (iii) the provision by the administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to
terminate such plan in a distress termination described in Section 4041(c) of ERISA; (iv) the withdrawal by Company, any of its Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two or more contributing
sponsors or the termination of any such Pension Plan resulting in liability pursuant to Section 4063 or 4064 of ERISA; (v) the institution by the PBGC of proceedings to terminate any Pension Plan, or the occurrence of any event or
condition which might constitute grounds under ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (vi) the imposition of liability on Company, any of its Subsidiaries or any of their respective ERISA
Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (vii) the withdrawal of Company, any of its Subsidiaries or any of their respective ERISA Affiliates in a complete or
partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefor, or the receipt by Company, any of its Subsidiaries or any of their respective ERISA Affiliates of
notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (viii) the assertion of a
material claim (other than routine claims for benefits) against any Employee Benefit Plan other than a Multiemployer Plan or the assets thereof, or against Company, any of its Subsidiaries or any of their respective ERISA Affiliates in connection
with any Employee Benefit Plan; (ix) receipt from the Internal Revenue Service of notice of the failure of any Pension Plan (or any other Employee Benefit Plan intended to be qualified under Section 401(a) of the Internal Revenue Code) to
qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming part of any Pension Plan to qualify for exemption from taxation under Section 501(a) of the Internal Revenue Code; or (x) the imposition of
a Lien pursuant to Section 401(a)(29) or 412(n) of the Internal Revenue Code or pursuant to ERISA with respect to any Pension Plan. 
 “Eurodollar Rate” means, for any Interest Rate Determination Date with respect to an Interest Period for a Eurodollar Rate Loan, the rate per annum obtained by dividing (i) (a) the
rate per annum (rounded upward to the nearest  1/16 of one percent) that appears on the Moneyline Telerate page 3750 (or such
other comparable page as may, in the opinion of Administrative Agent, replace such page for the purpose of displaying such rate) as the London interbank offered rate for Dollar deposits with maturities comparable to such Interest Period as of
approximately 11:00 a.m. (London time) on such Interest Rate Determination Date or (b) if such 

  

 10 

 EXECUTION VERSION 
  

 
rate is not available at such time for any reason, the arithmetic average (rounded upward to the nearest  1/16 of one percent) of the offered quotations, if any, to first class banks in the London interbank Eurodollar market by Wells Fargo for Dollar deposits of amounts in same
day funds comparable to the principal amount of the Eurodollar Rate Loan of Wells Fargo for which the Eurodollar Rate is then being determined with maturities comparable to such Interest Period as of approximately 11:00 A.M. (New York time) on such
Interest Rate Determination Date by (ii) a percentage equal to 100% minus the stated maximum rate of all reserve requirements (including any marginal, emergency, supplemental, special or other reserves) applicable on such Interest
Rate Determination Date to any member bank of the Federal Reserve System in respect of “Eurocurrency liabilities” as defined in Regulation D (or any successor category of liabilities under Regulation D). 
 “Eurodollar Rate Loans” means Loans bearing interest at rates determined by reference to the Eurodollar Rate as provided in subsection
2.2A. 
 “Eurodollar Rate Margin” means the margin over the Eurodollar Rate used in determining the rate of interest of
Revolving Loans that are Eurodollar Rate Loans pursuant to subsection 2.2A. 
 “Event of Default” means each of the events
set forth in Section 8. 
 “Excess Net Asset Sale Proceeds” has the meaning assigned to that term in subsection
2.4A(iii)(a). 
 “Excess Net Insurance/Condemnation Proceeds” has the meaning assigned to that term in subsection 6.4C(ii).

 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute.

 “Excluded Taxes” means, with respect to Administrative Agent, any Lender, or any other recipient of any payment to be
made by or on account of any obligation of Company hereunder (i) taxes that are imposed on the overall net income (however denominated) and franchise taxes imposed in lieu thereof (a) by the United States, (b) by any other Government
Authority under the laws of which such Lender is organized or has its principal office or maintains its applicable lending office, or (c) by any Government Authority solely as a result of a present or former connection between such recipient
and the jurisdiction of such Government Authority (other than any such connection arising solely from such recipient having executed, delivered or performed its obligations or received a payment under, or enforced, any of the Loan Documents),
(ii) any branch profits taxes imposed by the United States or any similar tax imposed by any other jurisdiction in which Company is located, and (iii) in the case of a Foreign Lender (other than an assignee pursuant to a request of Company
under subsection 2.9), any withholding tax that (x) is imposed on amounts payable to such Foreign Lender at the time it becomes a party hereto (or designates a new lending office), (y) is attributable to such Foreign Lender’s
failure or inability (other than as a result of a Change in Law) to comply with its obligations under subsection 2.7B(iv), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new
lending office (or assignment), 

  

 11 

 EXECUTION VERSION 
  

 
to receive additional amounts from Company with respect to such withholding tax pursuant to subsection 2.7B, or (z) is required to be deducted
under applicable law from any payment hereunder on the basis of the information provided by such Foreign Lender pursuant to clause (d) of subsection 2.7B(iv). 
 “Existing Letters of Credit” means the letters of credit listed on Schedule 1.1 annexed hereto. 
 “Facilities” means any and all real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Company or any of
its Subsidiaries or any of their respective predecessors or Affiliates. 
 “Federal Funds Effective Rate” means, for any
period, a fluctuating interest rate equal for each day during such period to 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 for
such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for such day on
such transactions received by Administrative Agent from three Federal funds brokers of recognized standing selected by Administrative Agent. 
 “First Priority” means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that (i) such Lien is perfected and has priority over any other Lien on such Collateral
(other than Liens permitted pursuant to clauses (ii)-(iv) of subsection 7.2A) and (ii) such Lien is the only Lien (other than Liens permitted pursuant to subsection 7.2A) to which such Collateral is subject. 
 “Fiscal Quarter” means a quarterly fiscal period of Company and its Subsidiaries ending on the last Sunday in March, June, September
and December of each calendar year. 
 “Fiscal Year” means the fiscal year of Company and its Subsidiaries ending on the
last Sunday in December of each calendar year. 
 “Foreign Lender” means any Lender that is organized under the laws of a
jurisdiction other than that in which Company is resident for tax purposes. For purposes of this definition, the United States, each state thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 
 “Foreign Subsidiary” means any Subsidiary of Company that is not a Domestic Subsidiary. 
 “Franchise EBITDA” means, for any period, with respect to each Ruth’s Chris restaurant franchise acquired by Company or any of its
Subsidiaries during such period, the sum, without duplication, of the amounts for such period of (i) Consolidated Net Income, (ii) Consolidated Interest Expense, (iii) provisions for taxes based on income, (iv) total depreciation
expense, and (v) total amortization expense, in the case of clauses (ii)-(v), to the extent deducted in the calculation of Consolidated Net Income, determined for such franchise in 

  

 12 

 EXECUTION VERSION 
  

 
conformity with GAAP. For purposes of determining Franchise EBITDA, references in the definitions of “Consolidated Net Income” and
“Consolidated Interest Expense” to Company and its Subsidiaries shall be deemed to refer to such franchise. 
 “Fund” means any Person (other than a natural Person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its
business. 
 “Funding and Payment Office” means (i) the office of Administrative Agent and Swing Line Lender located
at 5938 Priestly Drive, Suite 200, Carlsbad, California 92008 or (ii) such other office of Administrative Agent and Swing Line Lender as may from time to time hereafter be designated as such in a written notice delivered by Administrative Agent
and Swing Line Lender to Company and each Lender. 
 “Funding Date” means the date of funding of a Loan. 
 “GAAP” means, subject to the limitations on the application thereof set forth in subsection 1.2, generally accepted accounting
principles set forth in opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as may be approved by a significant segment of the accounting profession, in each case as the same are applicable to the circumstances as of the date of determination. 
 “Governing Body” means the board of directors or other body having the power to direct or cause the direction of the management and
policies of a Person that is a corporation, partnership, trust or limited liability company. 
 “Government Authority”
means the government of the United States or any other nation, or any state, regional or local political subdivision or department thereof, and any other governmental or regulatory agency, authority, body, commission, central bank, board, bureau,
organ, court, instrumentality or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, in each case whether federal, state, local or foreign (including
supra-national bodies such as the European Union or the European Central Bank). 
 “Governmental Authorization” means any
permit, license, registration, authorization, plan, directive, accreditation, consent, order or consent decree of or from, or notice to, any Government Authority. 
 “Hazardous Materials” means (i) any chemical, material or substance at any time defined as or included in the definition of “hazardous substances”, “hazardous wastes”,
“hazardous materials”, “extremely hazardous waste”, “acutely hazardous waste”, “radioactive waste”, “biohazardous waste”, “pollutant”, “toxic pollutant”, “contaminant”,
“restricted hazardous waste”, “infectious waste”, “toxic substances”, or any other term or expression intended to define, list or classify substances by reason of properties harmful to health, safety or the indoor or
outdoor environment (including harmful properties such as ignitability, corrosivity, reactivity, carcinogenicity, toxicity, reproductive toxicity, “TCLP toxicity” or “EP toxicity” or 

  

 13 

 EXECUTION VERSION 
  

 
words of similar import under any applicable Environmental Laws); (ii) any oil, petroleum, petroleum fraction or petroleum derived substance;
(iii) any drilling fluids, produced waters and other wastes associated with the exploration, development or production of crude oil, natural gas or geothermal resources; (iv) any flammable substances or explosives; (v) any radioactive
materials; (vi) any asbestos-containing materials; (vii) urea formaldehyde foam insulation; (viii) electrical equipment which contains any oil or dielectric fluid containing polychlorinated biphenyls; (ix) pesticides; and
(x) any other chemical, material or substance, exposure to which is prohibited, limited or regulated by any Government Authority or which may or could pose a hazard to the health and safety of the owners, occupants or any Persons in the
vicinity of any Facility or to the indoor or outdoor environment. 
 “Hazardous Materials Activity” means any past,
current, proposed or threatened activity, event or occurrence involving any Hazardous Materials, including the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement,
generation, transportation, processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of any Hazardous Materials, and any corrective action or response action with respect to any of the foregoing.

 “Hedge Agreement” means an Interest Rate Agreement or a Currency Agreement designed to hedge against fluctuations in
interest rates or currency values, respectively. 
 “Increase Effective Date” has the meaning assigned to that term in
subsection 2.10. 
 “Indebtedness”, as applied to any Person, means (i) all indebtedness for borrowed money,
(ii) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with GAAP, (iii) notes payable and drafts accepted representing extensions of credit whether or not
representing obligations for borrowed money, (iv) any obligation owed for all or any part of the deferred purchase price of property or services (excluding any such obligations incurred under ERISA), which purchase price is (a) due more
than six months from the date of incurrence of the obligation in respect thereof or (b) evidenced by a note or similar written instrument, (v) Synthetic Lease Obligations, and (vi) all indebtedness secured by any Lien on any property
or asset owned or held by that Person regardless of whether the indebtedness secured thereby shall have been assumed by that Person or is nonrecourse to the credit of that Person. Obligations under Interest Rate Agreements and Currency Agreements
constitute (1) in the case of Hedge Agreements, Contingent Obligations, and (2) in all other cases, Investments, and in neither case constitute Indebtedness. 
 “Indemnified Liabilities” has the meaning assigned to that term in subsection 10.3. 
 “Indemnified Taxes” means Taxes other than Excluded Taxes. 
 “Indemnitee” has the meaning
assigned to that term in subsection 10.3. 
  

 14 

 EXECUTION VERSION 
  

 “Intellectual Property” means all patents, trademarks, tradenames, copyrights,
technology, software, know-how and processes used in or necessary for the conduct of the business of Company and its Subsidiaries. 
 “Interest Payment Date” means (i) with respect to any Base Rate Loan, each March 31, June 30, September 30 and December 31 of each calendar year, commencing on the first such date to occur
after the Restatement Date, and (ii) with respect to any Eurodollar Rate Loan, the last day of each Interest Period applicable to such Loan; provided that in the case of each Interest Period of six months “Interest Payment
Date” shall also include the date that is three months after the commencement of such Interest Period. 
 “Interest
Period” has the meaning assigned to that term in subsection 2.2B. 
 “Interest Rate Agreement” means any interest
rate swap agreement, interest rate cap agreement, interest rate collar agreement or other similar agreement or arrangement to which Company or any of its Subsidiaries is a party. 
 “Interest Rate Determination Date”, with respect to any Interest Period, means the second Business Day prior to the first day of such
Interest Period. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to the date hereof and from
time to time hereafter, and any successor statute. 
 “Investment” means (i) any direct or indirect purchase or other
acquisition by Company or any of its Subsidiaries of, or of a beneficial interest in, any Securities of any other Person (including any Subsidiary of Company,), (ii) any direct or indirect redemption, retirement, purchase or other acquisition
for value, by any Subsidiary of Company from any Person other than Company or any of its Subsidiaries, of any equity Securities of such Subsidiary, (iii) any direct or indirect loan, advance (other than advances to employees for moving,
entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital contribution by Company or any of its Subsidiaries to any other Person, including all indebtedness and accounts receivable
from that other Person that are not current assets or did not arise from sales to that other Person in the ordinary course of business, or (iv) Interest Rate Agreements or Currency Agreements not constituting Hedge Agreements. The amount of any
Investment shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect to such Investment (other than
adjustments for the repayment of, or the refund of capital with respect to, the original principal amount of any such Investment). 
 “Issuing Lender” means Wells Fargo, in its capacity as Issuing Lender. 
 “Joint Venture” means a
joint venture, partnership or other similar arrangement, whether in corporate, partnership or other legal form. 
 “Lender”
and “Lenders” means the Persons identified as “Lenders” and listed on the signature pages of this Agreement, together with their successors and permitted assigns pursuant to subsection 10.1, and the term
“Lenders” shall include Swing Line Lender unless the context otherwise requires. 
  

 15 

 EXECUTION VERSION 
  

 “Letter of Credit” or “Letters of Credit” means Commercial Letters
of Credit and Standby Letters of Credit issued or to be issued by Issuing Lender for the account of Company pursuant to subsection 3.1 and shall include the Existing Letters of Credit. 
 “Letter of Credit Usage” means, as at any date of determination, the sum of (i) the maximum aggregate amount which is or at any
time thereafter may become available for drawing under all Letters of Credit then outstanding plus (ii) the aggregate amount of all drawings under Letters of Credit honored by Issuing Lender and not theretofore reimbursed out of the
proceeds of Revolving Loans pursuant to subsection 3.3B or otherwise reimbursed by Company. 
 “Lien” means any lien,
mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any conditional sale or other title retention agreement, any lease in the nature thereof, and any agreement to give any security interest) and any option,
trust or other preferential arrangement having the practical effect of any of the foregoing. 
 “Liquor License” has the
meaning assigned to that term in the Acquisition Agreement. 
 “Loan” or “Loans” means one or more of the
Loans made by Lenders to Company pursuant to subsection 2.1A. 
 “Loan Documents” means this Agreement, the Notes, the
Letters of Credit (and any applications for, or reimbursement agreements or other documents or certificates executed by Company in favor of Issuing Lender relating to, the Letters of Credit), the Subsidiary Guaranty and the Collateral Documents.

 “Loan Party” means each of Company and any of Company’s Subsidiaries from time to time executing a Loan Document,
and “Loan Parties” means all such Persons, collectively. 
 “Madison Dearborn” means Madison Dearborn
Capital Partners III, L.P. 
 “Manhattan UN Facility” means the property located at 885 Second Avenue, New York, New York.

 “Margin Stock” has the meaning assigned to that term in Regulation U of the Board of Governors of the Federal Reserve
System as in effect from time to time. 
 “Material Adverse Effect” means a material adverse effect upon (i) the
business, operations, properties, assets, liabilities, condition (financial or otherwise) or prospects of Company and its Subsidiaries taken as a whole or (ii) the ability of any Loan Party to perform, or of Administrative Agent or Lenders to
enforce, the Obligations. 
  

 16 

 EXECUTION VERSION 
  

 “Metairie Offices” means Company’s offices located at 3321 Hessmer Avenue,
Metairie, Louisiana. 
 “Mitchell’s Fish Market” has the meaning assigned to that term in the definition of
“Acquired Business.” 
 “Multiemployer Plan” means any Employee Benefit Plan that is a “multiemployer
plan” as defined in Section 3(37) of ERISA. 
 “Net Asset Sale Proceeds”, with respect to any Asset Sale, means
Cash payments (including any Cash received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) received from such Asset Sale, net of any bona fide direct costs incurred in
connection with such Asset Sale, including (i) income taxes reasonably estimated to be actually payable within two years of the date of such Asset Sale as a result of any gain recognized in connection with such Asset Sale and (ii) payment
of the outstanding principal amount of, premium or penalty, if any, and interest on any Indebtedness (other than the Loans) that is (a) secured by a Lien on the stock or assets in question and that is required to be repaid under the terms
thereof as a result of such Asset Sale and (b) actually paid at the time of receipt of such cash payment to a Person that is not an Affiliate of any Loan Party or of any Affiliate of a Loan Party. 
 “Net Insurance/Condemnation Proceeds” means any Cash payments or proceeds received by Company or any of its Subsidiaries (i) under
any business interruption or casualty insurance policy in respect of a covered loss thereunder or (ii) as a result of the taking of any assets of Company or any of its Subsidiaries by any Person pursuant to the power of eminent domain,
condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of such a taking, in each case net of any actual and reasonable documented costs incurred by Company or any of its Subsidiaries in
connection with the adjustment or settlement of any claims of Company or such Subsidiary in respect thereof. 
 “Net Securities
Proceeds” means the cash proceeds (net of underwriting discounts and commissions and other reasonable costs and expenses associated therewith, including reasonable legal fees and expenses) from the incurrence of Indebtedness by Company or
any of its Subsidiaries. 
 “Non-Consenting Lender” has the meaning assigned to that term in subsection 2.9. 
 “Notes” means one or more of the Revolving Notes or Swing Line Note or any combination thereof. 
 “Notice of Borrowing” means a notice substantially in the form of Exhibit I annexed hereto. 
 “Notice of Conversion/Continuation” means a notice substantially in the form of Exhibit II annexed hereto. 
  

 17 

 EXECUTION VERSION 
  

 “Notice of Prepayment” means a notice substantially in the form of
Exhibit IV annexed hereto. 
 “Obligations” means all obligations of every nature of each Loan Party from time
to time owed to Administrative Agent, Lenders or any of them under the Loan Documents, whether for principal, interest, reimbursement of amounts drawn under Letters of Credit, fees, expenses, indemnification or otherwise. 
 “OFAC” shall mean the U.S. Department of the Treasury’s Office of Foreign Assets Control. 
 “Officer” means the president, chief executive officer, a vice president, chief financial officer, treasurer, general partner (if an
individual), managing member (if an individual) or other individual appointed by the Governing Body or the Organizational Documents of a corporation, partnership, trust or limited liability company to serve in a similar capacity as the foregoing.

 “Officer’s Certificate”, as applied to any Person that is a corporation, partnership, trust or limited liability
company, means a certificate executed on behalf of such Person by one or more Officers of such Person or one or more Officers of a general partner or a managing member if such general partner or managing member is a corporation, partnership, trust
or limited liability company. 
 “Operating Lease”, as applied to any Person, means any lease (including leases that may be
terminated by the lessee at any time) of any property (whether real, personal or mixed) that is not a Capital Lease other than any such lease under which that Person is the lessor. 
 “Organizational Documents” means the documents (including bylaws, if applicable) pursuant to which a Person that is a corporation,
partnership, trust or limited liability company is organized. 
 “Original Credit Agreement” has the meaning assigned to
that term in the recitals to this Agreement. 
 “Other Taxes” means all present or future stamp or documentary taxes or any
other excise or property taxes, charges, fees, expenses or similar levies arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any
other Loan Document. 
 “Participant” means a purchaser of a participation in the rights and obligations under this
Agreement pursuant to subsection 10.1C. 
 “Patriot Act” means the Uniting And Strengthening America By Providing
Appropriate Tools Required To Intercept And Obstruct Terrorism (USA Patriot Act) Act of 2001, Title III of Pub. L. 107-56, signed into law on October 26, 2001. 
 “PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 
  

 18 

 EXECUTION VERSION 
  

 “Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan,
that is subject to Section 412 of the Internal Revenue Code or Section 302 of ERISA. 
 “Permit” has the meaning
assigned to that term in the Acquisition Agreement. 
 “Permitted Encumbrances” means the following types of Liens
(excluding any such Lien imposed pursuant to Section 401(a)(29) or 412(n) of the Internal Revenue Code or by ERISA, any such Lien relating to or imposed in connection with any Environmental Claim, and any such Lien expressly prohibited by any
applicable terms of any of the Collateral Documents): 
 (i) Liens for taxes, assessments or governmental charges or claims the payment of
which is not, at the time, required by subsection 6.3; 
 (ii) statutory Liens of landlords, Liens of collecting banks under the UCC on items
in the course of collection, statutory Liens and rights of set-off of banks as to deposit accounts, provided that, in each case, (a) such deposit account is not a dedicated cash collateral account and is not subject to restrictions
against access by Company or any of its Subsidiaries owning the affected deposit account in excess of those set forth by regulations promulgated by the Federal Reserve Board or any foreign regulatory agency performing an equivalent function, and
(b) such deposit account is not intended by Company or any of its Subsidiaries to provide collateral (other than such as is ancillary to the establishment of such deposit account) to the bank, statutory Liens of carriers, warehousemen,
mechanics, repairmen, workmen and materialmen, and other Liens imposed by law, in each case incurred in the ordinary course of business (1) for amounts not yet overdue or (2) for amounts that are overdue and that (in the case of any such
amounts overdue for a period in excess of 5 days) are being contested in good faith by appropriate proceedings, so long as (x) such reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made for any such
contested amounts, and (y) in the case of a Lien with respect to any portion of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral on account of such Lien; 
 (iii) deposits made in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other types of social
security, or to secure the performance of statutory obligations, bids, leases, government contracts, trade contracts, and other similar obligations (exclusive of obligations for the payment of borrowed money); 
 (iv) any attachment or judgment Lien not constituting an Event of Default under subsection 8.8 or 8.9; 
 (v) licenses (with respect to Intellectual Property and other property), leases or subleases granted to third parties and not interfering in any material
respect with the ordinary conduct of the business of Company or any of its Subsidiaries; 
 (vi) easements, rights-of-way, restrictions,
encroachments, and other minor defects or irregularities in title, in each case which do not and will not interfere in any material respect with the ordinary conduct of the business of Company or any of its Subsidiaries; 
  

 19 

 EXECUTION VERSION 
  

 (vii) any (a) interest or title of a lessor or sublessor under any lease not prohibited by this
Agreement, (b) Lien or restriction that the interest or title of such lessor or sublessor may be subject to, or (c) subordination of the interest of the lessee or sublessee under such lease to any Lien or restriction referred to in the
preceding clause (b), so long as the holder of such Lien or restriction agrees to recognize the rights of such lessee or sublessee under such lease; 
 (viii) Liens arising from filing UCC financing statements relating solely to leases not prohibited by this Agreement; 
 (ix) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; 
 (x) any zoning or similar law or right reserved to or vested in any Government Authority to control or regulate the use of any real property; 

(xi) Liens granted pursuant to the Collateral Documents; and 
 (xii) Liens securing obligations (other than obligations representing Indebtedness for borrowed money) under operating leases, reciprocal easements or similar agreements entered into in the ordinary course of business
of Company and its Subsidiaries. 
 “Person” means and includes natural persons, corporations, limited partnerships,
general partnerships, limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not
legal entities, and Government Authorities. 
 “Platform” means an electronic delivery system (which may be provided by
Administrative Agent, an Affiliate of Administrative Agent or any Person that is not an Affiliate of Administrative Agent), such as IntraLinks or a substantially similar electronic system. 
 “Pledge Agreement” means the First Amended and Restated Pledge and Security Agreement executed and delivered on the Restatement Date,
substantially in the form of Exhibit X annexed hereto. 
 “Pledged Collateral” means, collectively, the
“Pledged Collateral” as defined in the Pledge Agreement. 
 “Potential Event of Default” means a condition or
event that, after notice or lapse of time or both, would constitute an Event of Default. 
 “Prime Rate” means the rate
that Wells Fargo publicly announces from time to time as its prime lending rate, as in effect from time to time. The Prime Rate is a reference rate 

  

 20 

 EXECUTION VERSION 
  

 
and does not necessarily represent the lowest or best rate actually charged to any customer. Wells Fargo or any other Lender may make commercial loans or
other loans at rates of interest at, above or below the Prime Rate. 
 “Proceedings” means any action, suit, proceeding
(whether administrative, judicial or otherwise), governmental investigation or arbitration. 
 “Pro Forma Basis” means,
with respect to any determination of Consolidated EBITDA for any period, adjusting the calculation of Consolidated EBITDA to include, for each Ruth’s Chris restaurant franchise acquired by Company or any of its Subsidiaries during such period
and not subsequently sold, transferred or otherwise disposed of prior to the end of such period, Franchise EBITDA for such period as reflected in the financial statements of such franchise for such period delivered to Company and Administrative
Agent (as if such franchise were acquired on the first day of such period). 
 “Pro Rata Share” means the percentage
obtained by dividing (i) the Revolving Loan Exposure of that Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders, as the applicable percentage may be adjusted by assignments permitted pursuant to subsection
10.1. The initial Pro Rata Share of each Lender for purposes of the preceding sentence is set forth opposite the name of that Lender in Schedule 2.1 annexed hereto. 
 “Real Property Operating Lease”, as applied to any Person, means any lease (including leases that may be terminated by the lessee at
any time) of any real property that is not a Capital Lease other than any such lease under which that Person is the lessor. 
 “Refunded Swing Line Loans” has the meaning assigned to that term in subsection 2.1A(ii). 
 “Register” has the meaning assigned to that term in subsection 2.1D. 
 “Regulation D” means
Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time to time. 
 “Reimbursement
Date” has the meaning assigned to that term in subsection 3.3B. 
 “Related Parties” has the meaning assigned to
that term in subsection 9.1A. 
 “Release” means any release, spill, emission, leaking, pumping, pouring, injection,
escaping, deposit, disposal, discharge, dispersal, dumping, leaching or migration of Hazardous Materials into the indoor or outdoor environment (including the abandonment or disposal of any barrels, containers or other closed receptacles containing
any Hazardous Materials), including the movement of any Hazardous Materials through the air, soil, surface water or groundwater. 
 “Request for Issuance” means a request substantially in the form of Exhibit III annexed hereto. 
  

 21 

 EXECUTION VERSION 
  

 “Requisite Lenders” means at least two Lenders collectively having or holding more
than 50% of the aggregate Revolving Loan Exposure of all Lenders. 
 “Restatement Date” means the date on which all
conditions set forth in subsections 4.1 and 4.2 are satisfied. 
 “Restricted Junior Payment” means (i) any dividend
or other distribution, direct or indirect, on account of any shares of any class of stock of Company now or hereafter outstanding, except a dividend payable solely in shares of that class of stock to the holders of that class, (ii) any
redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of stock of Company now or hereafter outstanding, (iii) 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 stock of Company now or hereafter outstanding, and (iv) any payment or prepayment of principal of, premium, if any, or interest on, or
redemption, purchase, retirement, defeasance (including in-substance or legal defeasance), sinking fund or similar payment with respect to, any Subordinated Indebtedness. 
 “Revolving Lender” means a Lender that has a Revolving Loan Commitment and/or that has an outstanding Revolving Loan. 
 “Revolving Loan Commitment” means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection
2.1A(i), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate. 
 “Revolving Loan Commitment Amount” means, at any date, the aggregate amount of the Revolving Loan Commitments of all Revolving Lenders. 
 “Revolving Loan Commitment Termination Date” means February 19, 2013. 
 “Revolving Loan Exposure”, with respect to any Revolving Lender, means, as of any date of determination (i) prior to the termination of the Revolving Loan Commitments, the amount of that Lender’s Revolving Loan
Commitment, and (ii) after the termination of the Revolving Loan Commitments, the sum of (a) the aggregate outstanding principal amount of the Revolving Loans of that Lender plus (b) in the event that Lender is an Issuing
Lender, the aggregate Letter of Credit Usage in respect of all Letters of Credit issued by that Lender (in each case net of any participations purchased by other Lenders in such Letters of Credit or in any unreimbursed drawings thereunder)
plus (c) the aggregate amount of all participations purchased by that Lender in any outstanding Letters of Credit or any unreimbursed drawings under any Letters of Credit plus (d) in the case of Swing Line Lender, the
aggregate outstanding principal amount of all Swing Line Loans (net of any assignments thereof deemed purchased by other Revolving Lenders) plus (e) the aggregate amount of all assignments deemed purchased by that Lender in any
outstanding Swing Line Loans. 
 “Revolving Loans” means the Loans made by Revolving Lenders to Company pursuant to
subsection 2.1A(i). 
  

 22 

 EXECUTION VERSION 
  

 “Revolving Notes” means any promissory notes of Company issued pursuant to
subsection 2.1E to evidence the Revolving Loans of any Revolving Lenders, substantially in the form of Exhibit V annexed hereto. 
 “Sanctioned Country” shall mean a country subject to a sanctions program identified on the list maintained by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/ programs/index.shtml, or as otherwise
published from time to time. 
 “Sanctioned Person” shall mean (i) a Person named on the list of “Specially
Designated Nationals and Blocked Persons” maintained by OFAC available at http://www.treas.gov/offices/ enforcement/ofac/sdn/index.shtml, or as otherwise published from time to time, or (ii) (a) an agency of the government of a
Sanctioned Country, (b) an organization controlled by a Sanctioned Country, or (c) a Person resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC. 
 “Securities” means any stock, shares, partnership interests, voting trust certificates, certificates of interest or participation in
any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated, certificated or uncertificated, or otherwise, or in general any
instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire, any of the
foregoing. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute.

 “Seller” means Cameron Mitchell Restaurants, LLC, an Ohio limited liability company. 
 “Solvent”, with respect to any Person, means that as of the date of determination both (i)(a) the then fair valuation and fair
saleable value of the property of such Person is (1) greater than the total amount of debts and liabilities (including unliquidated liabilities, unmatured liabilities, contingent liabilities and liabilities that would not be required to be
reported under GAAP) of such Person and (2) not less than the amount that will be required to pay the probable liabilities on such Person’s then existing debts and liabilities (including unliquidated liabilities, unmatured liabilities,
contingent liabilities and liabilities that would not be required to be reported under GAAP) as they become absolute and due considering all financing alternatives and potential asset sales reasonably available to such Person; (b) such
Person’s capital is not unreasonably small in relation to its business or any contemplated or undertaken transaction; and (c) such Person does not intend to incur, or believe (nor should it reasonably believe) that it will incur, debts
beyond its ability to pay such debts as they become due; and (ii) such Person is “solvent” within the meaning given that term and similar terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of
this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual
liability. 
  

 23 

 “Standby Letter of Credit” means any letter of credit or similar instrument other than
a Commercial Letter of Credit. 
 “Subject Lender” has the meaning assigned to that term in subsection 2.9. 
 “Subordinated Indebtedness” means any Indebtedness of Company incurred from time to time and subordinated in right of payment to the
Obligations. 
 “Subsidiary”, with respect to any Person, means any corporation, partnership, trust, limited liability
company, association, Joint Venture or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of
the members of the Governing Body is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof. 
 “Subsidiary Guarantor” means any Domestic Subsidiary of Company that executes and delivers a counterpart of the Subsidiary Guaranty on
the Closing Date or from time to time thereafter pursuant to subsection 6.8. 
 “Subsidiary Guaranty” means the First
Amended and Restated Subsidiary Guaranty executed and delivered by existing Domestic Subsidiaries of Company on the Restatement Date and to be executed and delivered by additional Domestic Subsidiaries of Company from time to time thereafter in
accordance with subsection 6.8, substantially in the form of Exhibit IX annexed hereto. 
 “Supplemental Collateral
Agent” has the meaning assigned to that term in subsection 9.1B. 
 “Swap Counterparty” means any Person that was
a Lender or an Affiliate of a Lender at the time it entered into a Hedge Agreement with Company or one of its Subsidiaries, the obligations under which are secured pursuant to the Collateral Documents and guarantied pursuant to the Subsidiary
Guaranty. 
 “Swing Line Lender” means Wells Fargo, or any Person serving as a successor Administrative Agent hereunder, in
its capacity as Swing Line Lender hereunder. 
 “Swing Line Loan Commitment” means the commitment of Swing Line Lender to
make Swing Line Loans to Company pursuant to subsection 2.1A(ii). 
 “Swing Line Loans” means the Loans made by Swing Line
Lender to Company pursuant to subsection 2.1A(ii). 
 “Swing Line Note” means any promissory note of Company issued
pursuant to subsection 2.1E to evidence the Swing Line Loans of Swing Line Lender, substantially in the form of Exhibit VI annexed hereto. 
 “Syndication Agent” has the meaning assigned to that term in the introduction to this Agreement. 
  

 24 

 EXECUTION VERSION 
  

 “Synthetic Lease Obligation” means the monetary obligation of a Person under
(i) a so-called synthetic, off-balance sheet or tax retention lease, or (ii) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such Person but which, upon the insolvency or
bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment). 
 “Tax” or “Taxes” means any present or future tax, levy, impost, duty, fee, assessment, deduction, withholding or other charge of any nature and whatever called, by whomsoever, on whomsoever and wherever
imposed, levied, collected, withheld or assessed, including interest, penalties, additions to tax and any similar liabilities with respect thereto. 
 “Total Utilization of Revolving Loan Commitments” means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans plus
(ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage. 
 “Transaction Costs” means the fees, costs and expenses payable by Company on or before the Restatement Date in connection with the transactions contemplated by the Loan Documents and the Acquisition Agreement. 

“UCC” means the Uniform Commercial Code as in effect in any applicable jurisdiction. 
 “UFOC” means Company’s Uniform Franchise Offering Circular. 
 “Unasserted Obligations” means, at any time, Obligations for taxes, costs, indemnifications, reimbursements, damages and other
liabilities (except for (i) the principal of and interest on, and fees relating to, any Indebtedness and (ii) contingent reimbursement obligations in respect of amounts that may be drawn under Letters of Credit) in respect of which no
claim or demand for payment has been made (or, in the case of Obligations for indemnification, no notice for indemnification has been issued by the Indemnitee) at such time. 
 “Wells Fargo” has the meaning assigned to that term in the introduction to this Agreement. 
  

	 	1.2	Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement 

 Except as otherwise expressly provided in this Agreement, all accounting terms not otherwise defined herein shall have the meanings assigned to them in
conformity with GAAP. Financial statements and other information required to be delivered by Company to Lenders pursuant to clauses (ii), (iii) and (xii) of subsection 6.1 shall be prepared in accordance with GAAP as in effect at the time
of such preparation. Calculations in connection with the definitions, covenants and other provisions of this Agreement shall utilize GAAP as in effect on the date of determination, applied in a manner consistent with that used in preparing the
financial statements referred to in subsection 5.3. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and Company or Requisite Lenders shall so request,
Administrative Agent, Lenders and Company shall 

  

 25 

 EXECUTION VERSION 
  

 
negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval
of Requisite Lenders), provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and Company shall provide to Administrative Agent and Lenders reconciliation
statements provided for in subsection 6.1(v). 
  

	 	1.3	Other Definitional Provisions and Rules of Construction 

 A. Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on the reference. 
 B. References to “Sections” and “subsections” in a Loan Document shall be to Sections and subsections, respectively, of such
Loan Document unless otherwise specifically provided. Section and subsection headings in this Agreement and other Loan Documents are included herein and therein for convenience of reference only and shall not constitute a part of this Agreement or
such Loan Document for any other purpose or be given any substantive effect. 
 C. The use in any of the Loan Documents of the word
“include” or “including”, when following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to
similar items or matters, whether or not nonlimiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other
items or matters that fall within the broadest possible scope of such general statement, term or matter. 
 D. Unless otherwise
expressly provided herein, references to Organizational Documents, agreements (including the Loan Documents) and other contractual instruments shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other
modifications thereto, but only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any Loan Document. 
  

	 	1.4	Amendment and Restatement 

 On the
Restatement Date, the Original Credit Agreement shall be amended and restated as contemplated hereunder. The parties acknowledge and agree that this Agreement and the other Loan Documents do not constitute a novation, payment and reborrowing or
termination of the obligations under the Original Credit Agreement and that all such obligations are in all respects continued and outstanding as obligations under this Agreement and the Notes except to the extent such obligations are modified from
and after the Restatement Date as provided in this Agreement, the Notes and the other Loan Documents. 
 Section 2. AMOUNTS AND TERMS OF COMMITMENTS
AND LOANS 
  

	 	2.1	Commitments; Making of Loans; the Register; Optional Notes 

 A. Commitments. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of Company herein set forth, each Lender hereby severally agrees to make the
Loans as described in subsection 2.1A(i) and Swing Line Lender hereby agrees to make the Swing Line Loans as described in subsection 2.1A(ii). 
  

 26 

 EXECUTION VERSION 
  

 (i) Revolving Loans. Each Revolving Lender severally agrees, subject to the
limitations set forth below with respect to the maximum amount of Revolving Loans permitted to be outstanding from time to time, to lend to Company from time to time during the period from the Restatement Date to but excluding the Revolving Loan
Commitment Termination Date an aggregate amount not exceeding its Pro Rata Share of the aggregate amount of the Revolving Loan Commitments to be used for the purposes identified in subsection 2.5A. The amount of each Revolving Lender’s
Revolving Loan Commitment, as of the Restatement Date, is set forth opposite its name on Schedule 2.1 annexed hereto, and the Revolving Loan Commitment Amount, as of the Restatement Date, is $250,000,000; provided that the amount
of the Revolving Loan Commitment of each Revolving Lender shall be adjusted to give effect to any assignment of such Revolving Loan Commitment pursuant to subsection 10.1B and shall be reduced from time to time by the amount of any reductions
thereto made pursuant to subsection 2.4. Each Revolving Lender’s Revolving Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving
Loans and the Revolving Loan Commitments shall be paid in full no later than that date. Amounts borrowed under this subsection 2.1A(i) may be repaid and reborrowed to but excluding the Revolving Loan Commitment Termination Date. 
 Anything contained in this Agreement to the contrary notwithstanding, the Revolving Loans and the Revolving Loan Commitments shall be
subject to the limitation that in no event shall the Total Utilization of Revolving Loan Commitments at any time exceed the Revolving Loan Commitment Amount then in effect. 
 (ii) Swing Line Loans. 
 (a) General Provisions. Swing Line Lender hereby agrees, subject to the limitations set forth in the last paragraph of subsection 2.1A(i) and set forth below with respect to the maximum amount of Swing Line
Loans permitted to be outstanding from time to time, to make a portion of the Revolving Loan Commitments available to Company from time to time during the period from the Restatement Date to but excluding the Revolving Loan Commitment Termination
Date by making Swing Line Loans to Company in an aggregate amount not exceeding the amount of the Swing Line Loan Commitment to be used for the purposes identified in subsection 2.5A, notwithstanding the fact that such Swing Line Loans, when
aggregated with Swing Line Lender’s outstanding Revolving Loans and Swing Line Lender’s Pro Rata Share of the Letter of Credit Usage then in effect, may exceed Swing Line Lender’s Revolving Loan Commitment. The original amount of the
Swing Line Loan Commitment is $5,000,000; provided that any reduction of the Revolving Loan Commitment Amount made pursuant to subsection 2.4 that reduces the Revolving Loan Commitment Amount to an amount less than the then current amount of
the Swing Line Loan Commitment shall result in an automatic corresponding 

  

 27 

 EXECUTION VERSION 
  

 
reduction of the amount of the Swing Line Loan Commitment to the amount of the Revolving Loan Commitment Amount, as so reduced, without any further action on
the part of Company, Administrative Agent or Swing Line Lender. The Swing Line Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all Swing Line Loans and all other amounts owed hereunder with respect to the Swing
Line Loans shall be paid in full no later than that date. Amounts borrowed under this subsection 2.1A(ii) may be repaid and reborrowed to but excluding the Revolving Loan Commitment Termination Date. 
 (b) Swing Line Loan Prepayment with Proceeds of Revolving Loans. With respect to any Swing Line Loans that have not been
voluntarily prepaid by Company pursuant to subsection 2.4A(i), Swing Line Lender may, at any time in its sole and absolute discretion, deliver to Administrative Agent (with a copy to Company), no later than 10:00 A.M. (San Francisco time) on the
first Business Day in advance of the proposed Funding Date, a notice requesting Revolving Lenders to make Revolving Loans that are Base Rate Loans on such Funding Date in an amount equal to the amount of such Swing Line Loans (the “Refunded
Swing Line Loans”) outstanding on the date such notice is given. Company hereby authorizes the giving of any such notice and the making of any such Revolving Loans. Anything contained in this Agreement to the contrary notwithstanding,
(1) the proceeds of such Revolving Loans made by Revolving Lenders other than Swing Line Lender shall be immediately delivered by Administrative Agent to Swing Line Lender (and not to Company) and applied to repay a corresponding portion of the
Refunded Swing Line Loans and (2) on the day such Revolving Loans are made, Swing Line Lender’s Pro Rata Share of the Refunded Swing Line Loans shall be deemed to be paid with the proceeds of a Revolving Loan made by Swing Line Lender, and
such portion of the Swing Line Loans deemed to be so paid shall no longer be outstanding as Swing Line Loans and shall no longer be due under the Swing Line Note, if any, of Swing Line Lender but shall instead constitute part of Swing Line
Lender’s outstanding Revolving Loans and shall be due under the Revolving Note, if any, of Swing Line Lender. Company hereby authorizes Administrative Agent and Swing Line Lender to charge Company’s accounts with Administrative Agent and
Swing Line Lender (up to the amount available in each such account) in order to immediately pay Swing Line Lender the amount of the Refunded Swing Line Loans to the extent the proceeds of such Revolving Loans made by Revolving Lenders, including the
Revolving Loan deemed to be made by Swing Line Lender, are not sufficient to repay in full the Refunded Swing Line Loans. If any portion of any such amount paid (or deemed to be paid) to Swing Line Lender should be recovered by or on behalf of
Company from Swing Line Lender in any bankruptcy proceeding, in any assignment for the benefit of creditors or otherwise, the loss of the amount so recovered shall be ratably shared among all Revolving Lenders in the manner contemplated by
subsection 10.5. 
  

 28 

 EXECUTION VERSION 
  

 (c) Swing Line Loan Assignments. On the Funding Date of each Swing Line Loan,
each Revolving Lender shall be deemed to, and hereby agrees to, purchase an assignment of such Swing Line Loan in an amount equal to its Pro Rata Share. If for any reason (1) Revolving Loans are not made upon the request of Swing Line Lender as
provided in the immediately preceding paragraph in an amount sufficient to repay any amounts owed to Swing Line Lender in respect of such Swing Line Loan or (2) the Revolving Loan Commitments are terminated at a time when such Swing Line Loan
is outstanding, upon notice from Swing Line Lender as provided below, each Revolving Lender shall fund the purchase of such assignment in an amount equal to its Pro Rata Share (calculated, in the case of the foregoing clause (2), immediately prior
to such termination of the Revolving Loan Commitments) of the unpaid amount of such Swing Line Loan together with accrued interest thereon. Upon one Business Day’s notice from Swing Line Lender, each Revolving Lender shall deliver to Swing Line
Lender such amount in same day funds at the Funding and Payment Office. In order to further evidence such assignment (and without prejudice to the effectiveness of the assignment provisions set forth above), each Revolving Lender agrees to enter
into an Assignment Agreement at the request of Swing Line Lender in form and substance reasonably satisfactory to Swing Line Lender. In the event any Revolving Lender fails to make available to Swing Line Lender any amount as provided in this
paragraph, Swing Line Lender shall be entitled to recover such amount on demand from such Revolving Lender together with interest thereon at the rate customarily used by Swing Line Lender for the correction of errors among banks for three Business
Days and thereafter at the Base Rate. In the event Swing Line Lender receives a payment of any amount with respect to which other Revolving Lenders have funded the purchase of assignments as provided in this paragraph, Swing Line Lender shall
promptly distribute to each such other Revolving Lender its Pro Rata Share of such payment. 
 (d) Revolving Lenders’
Obligations. Anything contained herein to the contrary notwithstanding, each Revolving Lender’s obligation to make Revolving Loans for the purpose of repaying any Refunded Swing Line Loans pursuant to subsection 2.1A(ii)(b) and each
Revolving Lender’s obligation to purchase an assignment of any unpaid Swing Line Loans pursuant to the immediately preceding paragraph shall be absolute and unconditional and shall not be affected by any circumstance, including (1) any
set-off, counterclaim, recoupment, defense or other right which such Revolving Lender may have against Swing Line Lender, Company or any other Person for any reason whatsoever; (2) the occurrence or continuation of an Event of Default or a
Potential Event of Default; (3) any adverse change in the business, operations, properties, assets, condition (financial or otherwise) or prospects of Company or any of its Subsidiaries; (4) any breach of this Agreement or any other Loan
Document by any party thereto; or (5) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing; provided that such obligations of each Revolving Lender are subject to the condition that
(x) Swing Line Lender believed in good faith that all conditions under Section 4 

  

 29 

 EXECUTION VERSION 
  

 
to the making of the applicable Refunded Swing Line Loans or other unpaid Swing Line Loans, as the case may be, were satisfied at the time such Refunded
Swing Line Loans or unpaid Swing Line Loans were made or (y) the satisfaction of any such condition not satisfied had been waived in accordance with subsection 10.6 prior to or at the time such Refunded Swing Line Loans or other unpaid Swing
Line Loans were made. 
 B. Borrowing Mechanics. Loans made on any Funding Date (other than Swing Line Loans, Revolving Loans
made pursuant to a request by Swing Line Lender pursuant to subsection 2.1A(ii) or Revolving Loans made pursuant to subsection 3.3B) shall be in an aggregate minimum amount of $500,000 and multiples of $100,000 in excess of that amount. Swing Line
Loans made on any Funding Date shall be in an aggregate minimum amount of $500,000 and multiples of $100,000 in excess of that amount. Whenever Company desires that Lenders make Revolving Loans it shall deliver to Administrative Agent a duly
executed Notice of Borrowing no later than 10:00 A.M. (San Francisco time) at least three Business Days in advance of the proposed Funding Date (in the case of a Eurodollar Rate Loan) or at least one Business Day in advance of the proposed Funding
Date (in the case of a Base Rate Loan). Whenever Company desires that Swing Line Lender make a Swing Line Loan, it shall deliver to Administrative Agent a duly executed Notice of Borrowing no later than 10:00 A.M. (San Francisco time) on the
proposed Funding Date. Revolving Loans may be continued as or converted into Base Rate Loans and Eurodollar Rate Loans in the manner provided in subsection 2.2D. In lieu of delivering a Notice of Borrowing, Company may give Administrative Agent
telephonic notice by the required time of any proposed borrowing under this subsection 2.1B; provided that such notice shall be promptly confirmed in writing by delivery of a duly executed Notice of Borrowing to Administrative Agent on or
before the applicable Funding Date. 
 Neither Administrative Agent nor any Lender shall incur any liability to Company in acting upon any
telephonic notice referred to above that Administrative Agent believes in good faith to have been given by an Officer or other Person authorized to borrow on behalf of Company or for otherwise acting in good faith under this subsection 2.1B or under
subsection 2.2D, and upon funding of Loans by Lenders, and upon conversion or continuation of the applicable basis for determining the interest rate with respect to any Loans pursuant to subsection 2.2D, in each case in accordance with this
Agreement, pursuant to any such telephonic notice Company shall have effected Loans or a conversion or continuation, as the case may be, hereunder. 
 Company shall notify Administrative Agent prior to the funding of any Loans in the event that any of the matters to which Company is required to certify in the applicable Notice of Borrowing is no longer true and
correct as of the applicable Funding Date, and the acceptance by Company of the proceeds of any Loans shall constitute a re-certification by Company, as of the applicable Funding Date, as to the matters to which Company is required to certify in the
applicable Notice of Borrowing. 
 Except as otherwise provided in subsections 2.6B, 2.6C and 2.6G, a Notice of Borrowing for, or a Notice
of Conversion/Continuation for conversion to, or continuation of, a Eurodollar Rate Loan (or telephonic notice in lieu thereof) shall be irrevocable on and after the related Interest Rate Determination Date, and Company shall be bound to make a
borrowing or to effect a conversion or continuation in accordance therewith. 
  

 30 

 EXECUTION VERSION 
  

 C. Disbursement of Funds. All Revolving Loans shall be made by Lenders simultaneously and
proportionately to their respective Pro Rata Shares, it being understood that neither Administrative Agent nor any Lender shall be responsible for any default by any other Lender in that other Lender’s obligation to make a Loan requested
hereunder nor shall the amount of the Commitment of any Lender to make the particular type of Loan requested be increased or decreased as a result of a default by any other Lender in that other Lender’s obligation to make a Loan requested
hereunder. Promptly after receipt by Administrative Agent of a Notice of Borrowing pursuant to subsection 2.1B (or telephonic notice in lieu thereof), Administrative Agent shall notify each Revolving Lender or Swing Line Lender, as the case may be,
of the proposed borrowing. Each such Lender (other than Swing Line Lender) shall make the amount of its Loan available to Administrative Agent not later than 11:00 A.M. (San Francisco time) on the applicable Funding Date, and Swing Line Lender
shall make the amount of its Swing Line Loan available to Administrative Agent not later than 2:00 P.M. (San Francisco time) on the applicable Funding Date, in each case in same day funds in Dollars, at the Funding and Payment Office. Except as
provided in subsection 2.1A(ii) and subsection 3.3B with respect to Revolving Loans used to repay Refunded Swing Line Loans or to reimburse Issuing Lender for the amount of a drawing under a Letter of Credit issued by it, upon satisfaction or waiver
of the conditions precedent specified in subsections 4.1 (in the case of Loans made on the Restatement Date) and 4.2 (in the case of all Loans), Administrative Agent shall make the proceeds of such Loans available to Company on the applicable
Funding Date by causing an amount of same day funds in Dollars equal to the proceeds of all such Loans received by Administrative Agent from Lenders to be credited to the account of Company at the Funding and Payment Office. 
 Unless Administrative Agent shall have been notified by any Lender prior to a Funding Date that such Lender does not intend to make available to
Administrative Agent the amount of such Lender’s Loan requested on such Funding Date, Administrative Agent may assume that such Lender has made such amount available to Administrative Agent on such Funding Date and Administrative Agent may, in
its sole discretion, but shall not be obligated to, make available to Company a corresponding amount on such Funding Date. If such corresponding amount is not in fact made available to Administrative Agent by such Lender, Administrative Agent shall
be entitled to recover such corresponding amount on demand from such Lender together with interest thereon, for each day from such Funding Date until the date such amount is paid to Administrative Agent, at the customary rate set by Administrative
Agent for the correction of errors among banks for three Business Days and thereafter at the Base Rate. If such Lender does not pay such corresponding amount forthwith upon Administrative Agent’s demand therefor, Administrative Agent shall
promptly notify Company and Company shall immediately pay such corresponding amount to Administrative Agent together with interest thereon, for each day from such Funding Date until the date such amount is paid to Administrative Agent, at the rate
payable under this Agreement for Base Rate Loans. Nothing in this subsection 2.1C shall be deemed to relieve any Lender from its obligation to fulfill its Commitments hereunder or to prejudice any rights that Company may have against any Lender as a
result of any default by such Lender hereunder. 
  

 31 

 EXECUTION VERSION 
  

 D. The Register. Administrative Agent, acting for these purposes solely as an agent of
Company (it being acknowledged that Administrative Agent, in such capacity, and its officers, directors, employees, agent and affiliates shall constitute Indemnitees under subsection 10.3), shall maintain (and make available for inspection by
Company upon reasonable prior notice at reasonable times) at its address referred to in subsection 10.8 a register for the recordation of, and shall record, the names and addresses of Lenders and the respective amounts of the Revolving Loan
Commitment, Swing Line Loan Commitment, Revolving Loans and Swing Line Loans of each Lender from time to time (the “Register”). Company, Administrative Agent and Lenders shall deem and treat the Persons listed as Lenders in the
Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof; all amounts owed with respect to any Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof;
and any request, authority or consent of any Person who, at the time of making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee
of the corresponding Commitments or Loans. Each Lender shall record on its internal records the amount of its Loans and Commitments and each payment in respect hereof, and any such recordation shall be conclusive and binding on Company, absent
manifest error, subject to the entries in the Register, which shall, absent manifest error, govern in the event of any inconsistency with any Lender’s records. Failure to make any recordation in the Register or in any Lender’s records, or
any error in such recordation, shall not affect any Loans or Commitments or any Obligations in respect of any Loans. 
 E. Optional
Notes. If so requested by any Lender by written notice to Company (with a copy to Administrative Agent) at least two Business Days prior to the Restatement Date or at any time thereafter, Company shall execute and deliver to such Lender (and/or,
if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to subsection 10.1) on the Restatement Date (or, if such notice is delivered after the Restatement Date, promptly after Company’s receipt
of such notice) a promissory note or promissory notes to evidence such Lender’s Revolving Loans or Swing Line Loans, substantially in the form of Exhibit V or Exhibit VI annexed hereto, respectively, with appropriate insertions.

  

	 	2.2	Interest on the Loans 

 A. Rate of
Interest. Subject to the provisions of subsections 2.6 and 2.7, each Revolving Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or otherwise) at a rate determined
by reference to the Base Rate or the Eurodollar Rate. Subject to the provisions of subsection 2.7, each Swing Line Loan shall bear interest on the unpaid principal amount thereof from the date made through maturity (whether by acceleration or
otherwise) at a rate determined by reference to the Base Rate. The applicable basis for determining the rate of interest with respect to any Revolving Loan shall be selected by Company initially at the time a Notice of Borrowing is given with
respect to such Loan pursuant to subsection 2.1B, and the basis for determining the interest rate with respect to any Revolving Loan may be changed from time to time pursuant to subsection 2.2D. If on any day a Revolving Loan is outstanding with
respect to which notice has not been delivered to Administrative Agent in accordance with the terms of this Agreement specifying the applicable basis for determining the rate of interest, then for that day that Loan shall bear interest determined by
reference to the Base Rate. 
  

 32 

 EXECUTION VERSION 
  

 (i) Subject to the provisions of subsections 2.2E, 2.2G and 2.7, the Revolving Loans
shall bear interest through maturity as follows: 
 (a) if a Base Rate Loan, then at the sum of the Base Rate plus the
Base Rate Margin set forth in the table below opposite the applicable Consolidated Leverage Ratio for the four consecutive Fiscal Quarter period for which the applicable Compliance Certificate has been delivered pursuant to subsection 4.1K or
6.1(iv); or 
 (b) if a Eurodollar Rate Loan, then at the sum of the Eurodollar Rate plus the Eurodollar Rate Margin
set forth in the table below opposite the applicable Consolidated Leverage Ratio for the four consecutive Fiscal Quarter period for which the applicable Compliance Certificate has been delivered pursuant to subsection 4.1K or 6.1(iv): 
  

									
	 	  	Consolidated
Leverage Ratio	  	Eurodollar Rate
Margin	 	 	Base
Rate Margin	 
	 Greater than
 or equal to
	  	3.25:1.00	  	2.00	% 	 	0.75	% 
				
	 Greater than
 or equal to
 but less than
	  	2.75:1.00
 3.25:1.00
	  	1.75	% 	 	0.50	% 
				
	 Greater than
 or equal to
 but less than
	  	2.25:1.00
 2.75:1.00
	  	1.50	% 	 	0.25	% 
				
	 Greater than
 or equal to
 but less than
	  	1.75:1.00
 2.25:1.00
	  	1.25	% 	 	0.00	% 
				
	 Less than
	  	1.75:1.00	  	1.00	% 	 	0.00	% 

 provided that, until the delivery of the Compliance Certificate for the first full Fiscal
Quarter ending after the Restatement Date, the applicable margin for Revolving Loans that are Eurodollar Rate Loans shall be 1.75% per annum and for Revolving Loans that are Base Rate Loans shall be 0.50% per annum. 
 (ii) Upon delivery of the Compliance Certificate by Company to Administrative Agent pursuant to subsection 6.1(iv), the Base Rate Margin
and the Eurodollar Rate Margin shall be adjusted, such adjustment to become effective on the 

  

 33 

 EXECUTION VERSION 
  

 
third succeeding Business Day following the receipt by Administrative Agent of such Compliance Certificate (subject to the provisions of the foregoing clause
(i)); provided that, if at any time a Compliance Certificate is not delivered at the time required pursuant to subsection 6.1(iv), from the time such Compliance Certificate was required to be delivered until the third Business Day succeeding
delivery of such Compliance Certificate, the applicable margins shall be the maximum percentage amount for the relevant Loan set forth above. 
 (iii) Subject to the provisions of subsections 2.2E, 2.2G and 2.7, the Swing Line Loans shall bear interest through maturity at the sum of the Base Rate plus the applicable Base Rate Margin for Revolving Loans
minus a rate equal to the commitment fee percentage then in effect as determined pursuant to subsection 2.3A. 
 B. Interest
Periods. In connection with each Eurodollar Rate Loan, Company may, pursuant to the applicable Notice of Borrowing or Notice of Conversion/Continuation, as the case may be, select an interest period (each an “Interest Period”)
to be applicable to such Loan, which Interest Period shall be, at Company’s option, either a one, two, three or six month period; provided that: 
 (i) the initial Interest Period for any Eurodollar Rate Loan shall commence on the Funding Date in respect of such Loan, in the case of a
Loan initially made as a Eurodollar Rate Loan, or on the date specified in the applicable Notice of Conversion/Continuation, in the case of a Loan converted to a Eurodollar Rate Loan; 
 (ii) in the case of immediately successive Interest Periods applicable to a Eurodollar Rate Loan continued as such pursuant to a Notice of
Conversion/Continuation, each successive Interest Period shall commence on the day on which the next preceding Interest Period expires; 
 (iii) if an Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding Business Day; provided that, if any Interest Period would
otherwise expire on a day that is not a Business Day but is a day of the month after which no further Business Day occurs in such month, such Interest Period shall expire on the next preceding Business Day; 
 (iv) any Interest Period 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, subject to clause (v) of this subsection 2.2B, end on the last Business Day of a calendar month; 
 (v) no Interest Period with respect to any portion of the Revolving Loans shall extend beyond the Revolving Loan Commitment Termination
Date; 
 (vi) there shall be no more than eight Interest Periods outstanding at any time; and 
  

 34 

 EXECUTION VERSION 
  

 (vii) in the event Company fails to specify an Interest Period for any Eurodollar
Rate Loan in the applicable Notice of Borrowing or Notice of Conversion/Continuation, Company shall be deemed to have selected an Interest Period of one month. 
 C. Interest Payments. Subject to the provisions of subsection 2.2E, interest on each Loan shall be payable in arrears on and to each Interest Payment Date applicable to that Loan, upon any prepayment of that
Loan (to the extent accrued on the amount being prepaid) and at maturity (including final maturity); provided that, in the event any Swing Line Loans or any Revolving Loans that are Base Rate Loans are prepaid pursuant to subsection 2.4A(i),
interest accrued on such Loans through the date of such prepayment shall be payable on the next succeeding Interest Payment Date applicable to Base Rate Loans (or, if earlier, at final maturity). 
 D. Conversion or Continuation. Subject to the provisions of subsection 2.6, Company shall have the option (i) to convert at any time all or
any part of its outstanding Revolving Loans equal to $500,000 and multiples of $100,000 in excess of that amount from Loans bearing interest at a rate determined by reference to one basis to Loans bearing interest at a rate determined by reference
to an alternative basis or (ii) upon the expiration of any Interest Period applicable to a Eurodollar Rate Loan, to continue all or any portion of such Loan equal to $500,000 and multiples of $100,000 in excess of that amount as a Eurodollar
Rate Loan; provided, however, that a Eurodollar Rate Loan may only be converted into a Base Rate Loan on the expiration date of an Interest Period applicable thereto. 
 Company shall deliver a duly executed Notice of Conversion/Continuation to Administrative Agent no later than 10:00 A.M. (San Francisco time) at least
one Business Day in advance of the proposed conversion date (in the case of a conversion to a Base Rate Loan) and at least three Business Days in advance of the proposed conversion/continuation date (in the case of a conversion to, or a continuation
of, a Eurodollar Rate Loan). In lieu of delivering a Notice of Conversion/Continuation, Company may give Administrative Agent telephonic notice by the required time of any proposed conversion/continuation under this subsection 2.2D; provided
that such notice shall be promptly confirmed in writing by delivery of a duly executed Notice of Conversion/Continuation to Administrative Agent on or before the proposed conversion/continuation date. Administrative Agent shall notify each Lender of
any Loan subject to a Notice of Conversion/Continuation. 
 E. Default Rate. From and after the occurrence and during the
continuation of any Event of Default if so elected by Requisite Lenders, the outstanding principal amount of all Loans and, to the extent permitted by applicable law, any interest payments thereon not paid when due and any fees and other amounts
then due and payable hereunder, shall, from and after such occurrence, bear interest (including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable upon demand by Administrative Agent at a
rate that is 2% per annum in excess of the interest rate otherwise payable under this Agreement with respect to the applicable Loans (or, in the case of any such fees and other amounts, at a rate which is 2% per annum in excess of the
interest rate otherwise payable under this Agreement for Base Rate Loans); provided that, in the case of Eurodollar Rate Loans, upon the expiration of the Interest Period in effect at the time any such increase in interest rate is effective
such Eurodollar Rate Loans shall thereupon become Base Rate Loans and shall thereafter bear interest payable upon demand at a rate which is 2% per annum in excess of the 

  

 35 

 EXECUTION VERSION 
  

 
interest rate otherwise payable under this Agreement for Base Rate Loans. Payment or acceptance of the increased rates of interest provided for in this
subsection 2.2E is not a permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender. 
 F. Computation of Interest. Interest on the Loans shall be computed (i) in the case of Base Rate Loans, on the basis of a 365-day or 366-day
year, as the case may be, and (ii) in the case of Eurodollar Rate Loans, on the basis of a 360-day year, in each case for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the date of
the making of such Loan or the first day of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted from a Eurodollar Rate Loan, the date of conversion of such Eurodollar Rate Loan to such Base Rate Loan, as
the case may be, shall be included, and the date of payment of such Loan or the expiration date of an Interest Period applicable to such Loan or, with respect to a Base Rate Loan being converted to a Eurodollar Rate Loan, the date of conversion of
such Base Rate Loan to such Eurodollar Rate Loan, as the case may be, shall be excluded; provided that if a Loan is repaid on the same day on which it is made, one day’s interest shall be paid on that Loan. 
 G. Maximum Rate. Notwithstanding the foregoing provisions of this subsection 2.2, in no event shall the rate of interest payable by
Company with respect to any Loan exceed the maximum rate of interest permitted to be charged under applicable law. 
  

	 	2.3	Fees 

 A. Commitment Fees. Company
agrees to pay to Administrative Agent, for distribution to each Revolving Lender in proportion to that Lender’s Pro Rata Share, commitment fees for the period from and including the Restatement Date to and excluding the Revolving Loan
Commitment Termination Date equal to the average of the daily excess of the Revolving Loan Commitment Amount over the sum of (i) the aggregate principal amount of outstanding Revolving Loans (but not any outstanding Swing Line Loans)
plus (ii) the Letter of Credit Usage multiplied by a rate per annum equal to the percentage set forth in the table below opposite the Consolidated Leverage Ratio for the four consecutive Fiscal Quarter period for which the
applicable Compliance Certificate has been delivered pursuant to subsection 4.1K or 6.1(iv): 
  

						
	 	  	Consolidated
Leverage Ratio	  	Commitment Fee
Percentage	 
	 Greater than
 or equal to
	  	3.25:1.00	  	0.250	% 
			
	 Greater than
 or equal to
 but less than
	  	2.75:1.00
 3.25:1.00
	  	0.250	% 
			
	 Greater than
 or equal to
 but less than
	  	2.25:1.00
 2.75:1.00
	  	0.225	% 
			
	 Greater than
 or equal to
 but less than
	  	1.75:1.00
 2.25:1.00
	  	0.200	% 
			
	 Less than
	  	1.75:1.00	  	0.175	% 

  

 36 

 EXECUTION VERSION 
  

 such commitment fees to be calculated on the basis of a 360-day year and the actual number of days elapsed and to be
payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each calendar year, commencing on March 31, 2008, and on the Revolving Loan Commitment Termination Date; provided that until the
delivery of the Compliance Certificate for the first full Fiscal Quarter ending after the Restatement Date, the applicable commitment fee percentage shall be 0.250% per annum. Upon delivery of the Compliance Certificate by Company to
Administrative Agent pursuant to subsection 6.1(iv), the applicable commitment fee percentage shall be adjusted, such adjustment to become effective on the third succeeding Business Day following the receipt by Administrative Agent of such
Compliance Certificate; provided that, if at any time a Compliance Certificate is not delivered at the time required pursuant to subsection 6.1(iv), from the time such Compliance Certificate was required to be delivered until delivery of such
Compliance Certificate, the applicable commitment fee percentage shall be the maximum percentage amount set forth above. 
 B. Other
Fees. Company agrees to pay to Administrative Agent such fees in the amounts and at the times separately agreed upon between Company and Administrative Agent. 
  

	 	2.4	Repayments, Prepayments and Reductions of Revolving Loan Commitment Amount; General Provisions Regarding Payments; Application of Proceeds of Collateral and Payments Under
Subsidiary Guaranty 

 A. Prepayments and Reductions in Revolving Loan Commitment Amount. 
 (i) Voluntary Prepayments. Company may, upon written or telephonic notice to Administrative Agent on or prior to 12:00 Noon (San
Francisco time) (in the case of Swing Line loans) or 10:00 A.M. (San Francisco time) (in the case of Base Rate Loans) on the date of prepayment, which notice, if telephonic, shall be promptly confirmed in writing, at any time and from time to time
prepay any Swing Line Loan or Base Rate Loan on any Business Day in whole or in part in an aggregate minimum amount of $500,000 and multiples of $100,000 in excess of that amount. Company may, upon not less than three Business Days’ prior
written or telephonic notice given to Administrative Agent by 12:00 Noon (San Francisco time) on the date required and, if given by telephone, promptly confirmed in writing to Administrative Agent, who will promptly notify each Lender whose Loans
are to be prepaid of such prepayment, at any time and from time to time prepay any Eurodollar Rate Loans on any Business Day in whole or in part in an aggregate minimum amount of $500,000 and multiples of $100,000 in excess 

  

 37 

 EXECUTION VERSION 
  

 
of that amount. All written notices delivered pursuant to this subsection 2.4A(i) shall be in the form of a Notice of Prepayment and all notices whether
written or telephonic delivered pursuant to this subsection 2.4A(i) shall be irrevocable, and once given as aforesaid, the principal amount of the Loans specified in such notice shall become due and payable on the prepayment date specified therein.
Any such voluntary prepayment shall be applied as specified in subsection 2.4A(iv). 
 (ii) Voluntary Reductions of
Revolving Loan Commitments. Company may, upon not less than two Business Days’ prior written or telephonic notice confirmed in writing to Administrative Agent, or upon such lesser number of days’ prior written or telephonic notice, as
determined by Administrative Agent in its sole discretion, at any time and from time to time, terminate in whole or permanently reduce in part, without premium or penalty, the Revolving Loan Commitment Amount in an amount up to the amount by which
the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments at the time of such proposed termination or reduction; provided that any such partial reduction of the Revolving Loan Commitment Amount shall be
in an aggregate minimum amount of $1,000,000 and multiples of $100,000 in excess of that amount. Company’s notice to Administrative Agent (who will promptly notify each Revolving Lender of such notice) shall be in the form of a Notice of
Prepayment and shall designate the date (which shall be a Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Loan Commitment Amount shall be effective on the
date specified in Company’s notice and shall be in proportion to each Revolving Lender’s Pro Rata Share. 
 (iii)
Mandatory Prepayments and Mandatory Reductions of Revolving Loan Commitments. The Loans shall be prepaid and/or the Revolving Loan Commitment Amount shall be permanently reduced in the amounts and under the circumstances set forth below, all
such prepayments and/or reductions to be applied as set forth below or as more specifically provided in subsection 2.4A(iv) and subsection 2.4C, and Company shall deliver to Administrative Agent a Notice of Prepayment in connection therewith:

 (a) Prepayments and Reductions From Net Asset Sale Proceeds. No later than the first Business Day following the
date of receipt by Company or any Subsidiary Guarantor of any amount in excess of $7,500,000 in the aggregate of Net Asset Sale Proceeds in respect of Asset Sales consummated after the Restatement Date and permitted by subsection 7.7 or otherwise
approved by Administrative Agent and Requisite Lenders (but excluding any amounts of Net Asset Sale Proceeds from (1) sale and lease-back transactions relating to assets not owned by Company or any of its Subsidiaries on or prior to the
Restatement Date applied in accordance with subsection 7.9(d) or (2) sales or other transfers of the Metairie Offices in accordance with subsection 7.7(vi)) (such excess amount being referred to herein as “Excess Net Asset Sale
Proceeds”), Company shall either (x) prepay the Loans and/or the Revolving Loan Commitment Amount shall be permanently reduced in an aggregate amount equal to such Excess Net Asset Sale Proceeds or (y) so long as no Potential
Event of Default or Event of Default shall have occurred and be 

  

 38 

 EXECUTION VERSION 
  

 
continuing and to the extent that aggregate Excess Net Asset Sale Proceeds from the Restatement Date through the date of determination do not exceed
$7,500,000, deliver to Administrative Agent an Officer’s Certificate setting forth (A) that portion of such Excess Net Asset Sale Proceeds that Company or such Subsidiary intends to reinvest in equipment or other productive assets of the
general type used in the business of Company and its Subsidiaries within 360 days of such date of receipt and (B) the proposed use of such portion of such Excess Net Asset Sale Proceeds and such other information with respect to such
reinvestment as Administrative Agent may reasonably request, and Company shall, or shall cause one or more of its Subsidiaries to, promptly and diligently apply such portion to such reinvestment purposes; provided, however, that,
pending such reinvestment, such portion of such Excess Net Asset Sale Proceeds shall be applied to prepay outstanding Revolving Loans (without a reduction in the Revolving Loan Commitment Amount) to the full extent thereof; provided further,
that if (i) Company, within 180 days of receipt of such Excess Net Asset Sale Proceeds, has not reinvested all or any portion of such Excess Net Asset Sale Proceeds as provided above and has not delivered to Administrative Agent evidence
reasonably satisfactory to Administrative Agent that Company has entered into one or more binding contractual commitments to so reinvest such Excess Net Asset Sale Proceeds, (ii) Company, within 360 days after the date of receipt of such Excess
Net Asset Sale Proceeds, has not reinvested all or any portion of such Excess Net Asset Sale Proceeds as provided above or (iii) a Potential Event of Default or Event of Default shall have occurred and be continuing, Company shall prepay the
Loans (and/or the Revolving Loan Commitments shall be reduced) in the full amount of all such Excess Net Asset Sale Proceeds. 
 (b) Prepayments from Net Insurance/Condemnation Proceeds. No later than the first Business Day following the date of receipt by Administrative Agent or by Company or any Subsidiary Guarantor of any Net Insurance/Condemnation Proceeds
that are required to be applied to prepay the Revolving Loans pursuant to the provisions of subsection 6.4C, Company shall prepay the Loans (and/or the Revolving Loan Commitments shall be reduced to the extent required pursuant to subsection 6.4) in
the full amount of all such Net Insurance/Condemnation Proceeds. 
 (c) Prepayments Due to Issuance of Indebtedness.
On the date of receipt of the Net Securities Proceeds from the issuance of any Indebtedness of Company or any of its Subsidiaries after the Restatement Date, other than Indebtedness permitted pursuant to subsection 7.1, Company shall prepay the
Loans (and/or the Revolving Loan Commitments shall be reduced) in the full amount of all such Net Securities Proceeds. 
 (d)
Calculations of Net Proceeds Amounts; Additional Prepayments and Reductions Based on Subsequent Calculations. Concurrently with any prepayment of the Loans and/or reduction of the Revolving Loan Commitment Amount pursuant to subsections
2.4A(iii)(a)-(c), Company shall deliver to 

  

 39 

 EXECUTION VERSION 
  

 
Administrative Agent an Officer’s Certificate demonstrating the calculation of the amount of the applicable Net Asset Sale Proceeds, Net
Insurance/Condemnation Proceeds, or Net Securities Proceeds, as the case may be, that gave rise to such prepayment and/or reduction. In the event that Company shall subsequently determine that the actual amount was greater than the amount set forth
in such Officer’s Certificate, Company shall promptly make an additional prepayment of the Loans (and/or, if applicable, the Revolving Loan Commitment Amount shall be permanently reduced) in an amount equal to the amount of such excess, and
Company shall concurrently therewith deliver to Administrative Agent an Officer’s Certificate demonstrating the derivation of the additional amount resulting in such excess. 
 (iv) Application of Prepayments. 
 (a) Application of Voluntary Prepayments by Type of Loans and Order of Maturity. Any voluntary prepayments pursuant to subsection 2.4A(i) shall be applied as specified by Company in the applicable Notice of
Prepayment; provided that in the event Company fails to specify the Loans to which any such prepayment shall be applied, such prepayment shall be applied first to repay outstanding Swing Line Loans to the full extent thereof, and
second to repay outstanding Revolving Loans to the full extent thereof. 
 (b) Application of Mandatory Prepayments
by Type of Loans. Except as provided in subsection 2.4C, any amount required to be applied as a mandatory prepayment of the Loans and/or a reduction of the Revolving Loan Commitment Amount pursuant to subsection 2.4A(iii) shall be applied
first to prepay the Swing Line Loans to the full extent thereof and to permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, and second, to the extent of any remaining portion of such amount, to
prepay the Revolving Loans to the full extent thereof and to further permanently reduce the Revolving Loan Commitment Amount by the amount of such prepayment, and third, to the extent of any remaining portion of such amount, to further
permanently reduce the Revolving Loan Commitment Amount to the full extent thereof, provided that to the extent any such reduction of the Revolving Loan Commitment Amount would result in the Total Utilization of Revolving Loan Commitments exceeding
the Revolving Loan Commitment Amount, Company immediately shall Cash collateralize outstanding Letters of Credit by depositing the requisite amount in the Collateral Account. Any mandatory reduction of the Revolving Loan Commitment Amount pursuant
to this subsection 2.4A shall be in proportion to each Revolving Lender’s Pro Rata Share. 
 (c) Application of
Prepayments to Base Rate Loans and Eurodollar Rate Loans. Any prepayment of Revolving Loans shall be applied first to Base Rate Loans to the full extent thereof before application to Eurodollar Rate Loans, in each case in a manner that minimizes
the amount of any payments required to be made by Company pursuant to subsection 2.6D. 
  

 40 

 EXECUTION VERSION 
  

 B. General Provisions Regarding Payments. 
 (i) Manner and Time of Payment. All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars
in same day funds, without defense, setoff or counterclaim, free of any restriction or condition, and delivered to Administrative Agent not later than 12:00 Noon (San Francisco time) on the date due at the Funding and Payment Office for the account
of Lenders; funds received by Administrative Agent after that time on such due date shall be deemed to have been paid by Company on the next succeeding Business Day. 
 (ii) Application of Payments to Principal and Interest. Except as provided in subsection 2.2C, all payments in respect of the
principal amount of any Loan shall include payment of accrued interest on the principal amount being repaid or prepaid, and all such payments shall be applied to the payment of interest before application to principal. 
 (iii) Apportionment of Payments. Aggregate payments of principal and interest shall be apportioned among all outstanding Loans to
which such payments relate, in each case proportionately to Lenders’ respective Pro Rata Shares. Administrative Agent shall promptly distribute to each Lender, at the account specified in the payment instructions delivered to Administrative
Agent by such Lender, its Pro Rata Share of all such payments received by Administrative Agent and the commitment fees and letter of credit fees of such Lender, if any, when received by Administrative Agent pursuant to subsections 2.3 and 3.2.
Notwithstanding the foregoing provisions of this subsection 2.4B(iii), if, pursuant to the provisions of subsection 2.6C, any Notice of Conversion/Continuation is withdrawn as to any Affected Lender or if any Affected Lender makes Base Rate Loans in
lieu of its Pro Rata Share of any Eurodollar Rate Loans, Administrative Agent shall give effect thereto in apportioning interest payments received thereafter. 
 (iv) Payments on Business Days. Whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business
Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest hereunder or of the commitment fees hereunder, as the case may be. 
 (v) Notation of Payment. Each Lender agrees that before disposing of any Note held by it, or any part thereof (other than by
granting participations therein), that Lender will make a notation thereon of all Loans evidenced by that Note and all principal payments previously made thereon and of the date to which interest thereon has been paid; provided that the
failure to make (or any error in the making of) a notation of any Loan made under such Note shall not limit or otherwise affect the obligations of Company hereunder or under such Note with respect to any Loan or any payments of principal or interest
on such Note. 
 C. Application of Proceeds of Collateral and Payments after Event of Default. Upon the occurrence and during
the continuation of an Event of Default, if requested 

  

 41 

 EXECUTION VERSION 
  

 
by Requisite Lenders, or upon acceleration of the Obligations pursuant to Section 8, (a) all payments received by Administrative Agent, whether
from Company, any Subsidiary Guarantor or otherwise, and (b) all proceeds received by Administrative Agent in respect of any sale of, collection from, or other realization upon all or any part of the Collateral under any Collateral Document
may, in the discretion of Administrative Agent, be held by Administrative Agent as Collateral for, and/or (then or at any time thereafter) applied in full or in part by Administrative Agent, in each case in the following order of priority:

 (i) to the payment of all costs and expenses of such sale, collection or other realization, all other expenses, liabilities
and advances made or incurred by Administrative Agent in connection therewith, and all amounts for which Administrative Agent is entitled to compensation (including the fees described in subsection 2.3), reimbursement and indemnification under any
Loan Document and all advances made by Administrative Agent thereunder for the account of the applicable Loan Party, and to the payment of all costs and expenses paid or incurred by Administrative Agent in connection with the Loan Documents, all in
accordance with subsections 9.4, 10.2 and 10.3 and the other terms of this Agreement and the Loan Documents; 
 (ii)
thereafter, to the payment of all other Obligations and obligations of Loan Parties under any Hedge Agreement between a Loan Party and a Swap Counterparty for the ratable benefit of the holders thereof (subject to the provisions of subsection
2.4B(ii) hereof); and 
 (iii) thereafter, to the payment to or upon the order of such Loan Party or to whosoever may be
lawfully entitled to receive the same or as a court of competent jurisdiction may direct. 
  

	 	2.5	Use of Proceeds 

 A. Revolving Loans;
Swing Line Loans. The proceeds of up to $96,000,000 of the Revolving Loans made on the Restatement Date shall be applied by Company to fund the Acquisition Financing Requirements. The proceeds of any other Revolving Loans and any
Swing Line Loans shall be applied by Company for working capital and other general corporate purposes, which may include, among other things, (i) the acquisition of Ruth’s Chris restaurant franchises, (ii) the making of intercompany
loans to any of Company’s wholly-owned Subsidiaries, in accordance with subsection 7.1(iv), for their own general corporate purposes, and (iii) the repurchase of Company’s common stock in accordance with subsection 7.5(ii).

 B. Margin Regulations. No portion of the proceeds of any borrowing under this Agreement shall be used by Company or any of
its Subsidiaries in any manner that might cause the borrowing or the application of such proceeds to violate Regulation U, Regulation T or Regulation X of the Board of Governors of the Federal Reserve System or any other regulation of such
Board or to violate the Exchange Act, in each case as in effect on the date or dates of such borrowing and such use of proceeds. 
  

 42 

 EXECUTION VERSION 
  

	 	2.6	Special Provisions Governing Eurodollar Rate Loans 

 Notwithstanding any other provision of this Agreement to the contrary, the following provisions shall govern with respect to Eurodollar Rate Loans as to the matters covered: 
 A. Determination of Applicable Interest Rate. On each Interest Rate Determination Date, Administrative Agent shall determine in accordance with
the terms of this Agreement (which determination shall, absent manifest error, be conclusive and binding upon all parties) the interest rate that shall apply to the Eurodollar Rate Loans for which an interest rate is then being determined for the
applicable Interest Period and shall promptly give notice thereof (in writing or by telephone confirmed in writing) to Company and each applicable Lender. 
 B. Inability to Determine Applicable Interest Rate. In the event that Administrative Agent shall have determined (which determination shall be conclusive and binding upon all parties hereto), on any
Interest Rate Determination Date that by reason of circumstances affecting the interbank Eurodollar market adequate and fair means do not exist for ascertaining the interest rate applicable to such Loans on the basis provided for in the definition
of “Eurodollar Rate,” Administrative Agent shall on such date give notice (by telefacsimile or by telephone confirmed in writing) to Company and each Lender of such determination, whereupon (i) no Loans may be made as, or converted
to, Eurodollar Rate Loans until such time as Administrative Agent notifies Company and Lenders that the circumstances giving rise to such notice no longer exist and (ii) any Notice of Borrowing or Notice of Conversion/Continuation given by
Company with respect to the Loans in respect of which such determination was made shall be deemed to be for a Base Rate Loan. 
 C.
Illegality or Impracticability of Eurodollar Rate Loans. In the event that on any date any Lender shall have determined (which determination shall be conclusive and binding upon all parties hereto but shall be made only after consultation
with Company and Administrative Agent) that the making, maintaining or continuation of its Eurodollar Rate Loans (i) has become unlawful as a result of compliance by such Lender in good faith with any law, treaty, governmental rule, regulation,
guideline or order (or would conflict with any such treaty, governmental rule, regulation, guideline or order not having the force of law even though the failure to comply therewith would not be unlawful) or (ii) has become impracticable, or
would cause such Lender material hardship, as a result of contingencies occurring after the date of this Agreement which materially and adversely affect the interbank Eurodollar market or the position of such Lender in that market, then, and in any
such event, such Lender shall be an “Affected Lender” and it shall on that day give notice (by telefacsimile or by telephone confirmed in writing) to Company and Administrative Agent of such determination. Administrative Agent shall
promptly notify each other Lender of the receipt of such notice. Thereafter (a) the obligation of the Affected Lender to make Loans as, or to convert Loans to, Eurodollar Rate Loans shall be suspended until such notice shall be withdrawn by the
Affected Lender, (b) to the extent such determination by the Affected Lender relates to a Eurodollar Rate Loan then being requested by Company pursuant to a Notice of Borrowing or a Notice of Conversion/Continuation, the Affected Lender shall
make such Loan as (or convert such Loan to, as the case may be) a Base Rate Loan, (c) the Affected Lender’s obligation to maintain its outstanding Eurodollar Rate Loans (the “Affected Loans”) shall be terminated at the
earlier to 

  

 43 

 EXECUTION VERSION 
  

 
occur of the expiration of the Interest Period then in effect with respect to the Affected Loans or when required by law, and (d) the Affected Loans
shall automatically convert into Base Rate Loans on the date of such termination. Notwithstanding the foregoing, to the extent a determination by an Affected Lender as described above relates to a Eurodollar Rate Loan then being requested by Company
pursuant to a Notice of Borrowing or a Notice of Conversion/Continuation, Company shall have the option, subject to the provisions of subsection 2.6D, to rescind such Notice of Borrowing or Notice of Conversion/Continuation as to all Lenders by
giving notice (by telefacsimile or by telephone confirmed in writing) to Administrative Agent of such rescission on the date on which the Affected Lender gives notice of its determination as described above. Administrative Agent shall promptly
notify each other Lender of the receipt of such notice. Except as provided in the immediately preceding sentence, nothing in this subsection 2.6C shall affect the obligation of any Lender other than an Affected Lender to make or maintain Loans as,
or to convert Loans to, Eurodollar Rate Loans in accordance with the terms of this Agreement. 
 D. Compensation For Breakage or
Non-Commencement of Interest Periods. Company shall compensate each Lender, upon written request by that Lender pursuant to subsection 2.8, for all reasonable losses, expenses and liabilities (including any interest paid by that Lender to
lenders of funds borrowed by it to make or carry its Eurodollar Rate Loans and any loss, expense or liability sustained by that Lender in connection with the liquidation or re-employment of such funds) which that Lender may sustain: (i) if for
any reason (other than a default by that Lender) a borrowing of any Eurodollar Rate Loan does not occur on a date specified therefor in a Notice of Borrowing or a telephonic request therefor, or a conversion to or continuation of any Eurodollar Rate
Loan does not occur on a date specified therefor in a Notice of Conversion/Continuation or a telephonic request therefor, (ii) if any prepayment or other principal payment or any conversion of any of its Eurodollar Rate Loans (including any
prepayment or conversion occasioned by the circumstances described in subsection 2.6C) occurs on a date prior to the last day of an Interest Period applicable to that Loan, (iii) if any prepayment of any of its Eurodollar Rate Loans is not made
on any date specified in a Notice of Prepayment given by Company, or (iv) as a consequence of any other default by Company in the repayment of its Eurodollar Rate Loans when required by the terms of this Agreement. 
 E. Booking of Eurodollar Rate Loans. Any Lender may make, carry or transfer Eurodollar Rate Loans at, to, or for the account of any of its
branch offices or the office of an Affiliate of that Lender. 
 F. Assumptions Concerning Funding of Eurodollar Rate Loans.
Calculation of all amounts payable to a Lender under this subsection 2.6 and under subsection 2.7A shall be made as though that Lender had funded each of its Eurodollar Rate Loans through the purchase of a Eurodollar deposit bearing interest at the
rate obtained pursuant to clause (i) of the definition of “Eurodollar Rate” in an amount equal to the amount of such Eurodollar Rate Loan and having a maturity comparable to the relevant Interest Period, whether or not its Eurodollar
Rate Loans had been funded in such manner. 
 G. Eurodollar Rate Loans After Default. After the occurrence of and during the
continuation of a Potential Event of Default or an Event of Default, (i) Company may not elect to have a Loan be made or maintained as, or converted to, a Eurodollar Rate Loan after 

  

 44 

 EXECUTION VERSION 
  

 
the expiration of any Interest Period then in effect for that Loan and (ii) subject to the provisions of subsection 2.6D, any Notice of Borrowing or
Notice of Conversion/Continuation given by Company with respect to a requested borrowing or conversion/continuation that has not yet occurred shall be deemed to be for a Base Rate Loan or, if the conditions to making a Loan set forth in subsection
4.2 cannot then be satisfied, to be rescinded by Company. 
  

	 	2.7	Increased Costs; Taxes; Capital Adequacy 

 A. Compensation for Increased Costs. Subject to the provisions of subsection 2.7B (which shall be controlling with respect to the matters covered thereby), in the event that any Lender (including Issuing Lender) shall determine
(which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto) that any Change in Law: 
 (i) subjects such Lender to any additional tax of any kind whatsoever with respect to this Agreement or any of its obligations hereunder (including with respect to issuing or maintaining any Letters of Credit or
purchasing or maintaining any participations therein or maintaining any Commitment hereunder) or any payments to such Lender of principal, interest, fees or any other amount payable hereunder (except for the imposition of, or any change in the rate
of, any Excluded Tax payable by such Lender); 
 (ii) imposes, modifies or holds applicable any reserve, special deposit,
compulsory loan, insurance charge or similar requirement against assets held by, or deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other acquisition of funds by, any office of
such Lender (other than any such reserve or other requirements with respect to Eurodollar Rate Loans that are reflected in the definition of “Eurodollar Rate”); or 
 (iii) imposes any other condition (other than with respect to Taxes) on or affecting such Lender or its obligations hereunder or the
interbank Eurodollar market; 
 and the result of any of the foregoing is to increase the cost to such Lender of agreeing to make, making or maintaining its
Loans or Commitments or agreeing to issue, issuing or maintaining any Letter of Credit or agreeing to purchase, purchasing or maintaining any participation therein or to reduce any amount received or receivable by such Lender with respect thereto;
then, in any such case, Company shall promptly pay to such Lender, upon receipt of the statement referred to in subsection 2.8A, such additional amount or amounts (in the form of an increased rate of, or a different method of calculating, interest
or otherwise as such Lender in its sole discretion shall determine) as may be necessary to compensate such Lender on an after-tax basis for any such increased cost or reduction in amounts received or receivable hereunder. Company shall not be
required to compensate a Lender pursuant to this subsection 2.7A for any increased cost or reduction in respect of a period occurring more than 270 days prior to the date on which such Lender notifies Company of such Change in Law and such
Lender’s intention to claim compensation therefor, except, if the Change in Law giving rise to such increased cost or reduction is retroactive, no such time limitation shall apply so long as such Lender requests compensation within 270 days
from the date on which the applicable Government Authority informed such Lender of such Change in Law. 
  

 45 

 EXECUTION VERSION 
  

 B. Taxes. 
 (i) Payments to Be Free and Clear. Any and all payments by or on account of any obligation of Company under this Agreement and the
other Loan Documents shall be made free and clear of, and without any deduction or withholding on account of, any Indemnified Taxes or Other Taxes. 
 (ii) Grossing-up of Payments. If Company or any other Person is required by law to make any deduction or withholding on account of any Tax from any sum paid or payable by Company to Administrative Agent or any
Lender under any of the Loan Documents: 
 (a) Company shall notify Administrative Agent of any such requirement or any
change in any such requirement as soon as Company becomes aware of it; 
 (b) Company shall timely pay any such Tax to the
relevant Government Authority when such Tax is due, in accordance with applicable law; 
 (c) unless such Tax is an Excluded
Tax, the sum payable by Company shall be increased to the extent necessary to ensure that, after making the required deductions (including deductions applicable to additional sums payable under this subsection 2.7B(ii)), Administrative Agent or such
Lender, as the case may be, receives on the due date a net sum equal to the sum it would have received had no such deduction been required or made; and 
 (d) within 30 days after paying any sum from which it is required by law to make any such deduction, and within 30 days after the due date of payment of any Tax which it is required by clause (b) above to pay,
Company shall deliver to Administrative Agent the original or a certified copy of an official receipt or other document satisfactory to the other affected parties to evidence the payment and its remittance to the relevant Government Authority.

 (iii) Indemnification by Company. Company shall indemnify Administrative Agent and each Lender, within 10 days after
demand therefor, for the full amount of any Indemnified Taxes or Other Taxes (including for the full amount of any Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this subsection 2.7B(iii)) paid
by Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or
asserted by the relevant Government Authority. A certificate as to the amount of such payment or liability delivered to Company by a Lender (with a copy to Administrative Agent), or by Administrative Agent on its own behalf or on behalf of a Lender,
shall be conclusive absent manifest error. 
  

 46 

 EXECUTION VERSION 
  

 (iv) Tax Status of Lenders. Unless not legally entitled to do so: 

(a) any Lender, if requested by Company or Administrative Agent, shall deliver such forms or other documentation prescribed by
applicable law or reasonably requested by Company or Administrative Agent as will enable Company or Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements; 
 (b) any Foreign Lender that is entitled to an exemption from or reduction of any Tax with respect to payments hereunder or under any
other Loan Document shall deliver to Company and Administrative Agent, on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter, as may be necessary in the determination of Company
or Administrative Agent, each in the reasonable exercise of its discretion), such properly completed and duly executed forms or other documentation prescribed by applicable law as will permit such payments to be made without withholding or at a
reduced rate of withholding; 
 (c) without limiting the generality of the foregoing, in the event that Company is resident
for tax purposes in the United States, any Foreign Lender shall deliver to Company and Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under
this Agreement (and from time to time thereafter, as may be necessary in the determination of Company or Administrative Agent, each in the reasonable exercise of its discretion), whichever of the following is applicable: 
 (1) properly completed and duly executed copies of Internal Revenue Service Form W-8BEN claiming eligibility for benefits of an
income tax treaty to which the United States is a party, 
 (2) properly completed and duly executed copies of Internal
Revenue Service Form W-8ECI, 
 (3) in the case of a Foreign Lender claiming the benefits of the exemption
“portfolio interest” under Section 881(c) of the Internal Revenue Code, (A) a duly executed certificate to the effect that such Foreign Lender is not (i) a “bank” within the meaning of Section 881(c)(3)(A) of
the Internal Revenue Code, (ii) a ten-percent shareholder (within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code) of Company or (iii) a controlled foreign corporation described in Section 881(c)(3)(C) of the
Internal Revenue Code and (B) properly completed and duly executed copies of Internal Revenue Service Form W-8BEN, or 
  

 47 

 EXECUTION VERSION 
  

 (4) properly completed and duly executed copies of any other form prescribed by
applicable law as a basis for claiming exemption from or a reduction in any Tax, 
 in each case together with such supplementary
documentation as may be prescribed by applicable law to permit Company and Administrative Agent to determine the withholding or deduction required to be made, if any; 
 (d) without limiting the generality of the foregoing, in the event that Company is resident for tax purposes in the United States, any
Foreign Lender that does not act or ceases to act for its own account with respect to any portion of any sums paid or payable to such Lender under any of the Loan Documents (for example, in the case of a typical participation by such Lender) shall
deliver to Administrative Agent and Company (in such number of copies as shall be requested by the recipient), on or prior to the date such Foreign Lender becomes a Lender, or on such later date when such Foreign Lender ceases to act for its own
account with respect to any portion of any such sums paid or payable, and from time to time thereafter, as may be necessary in the determination of Company or Administrative Agent (each in the reasonable exercise of its discretion): 
 (1) duly executed and properly completed copies of the forms and statements required to be provided by such Foreign Lender under
clause (c) of subsection 2.7B(iv), to establish the portion of any such sums paid or payable with respect to which such Lender acts for its own account and may be entitled to an exemption from or a reduction of the applicable Tax, and

 (2) duly executed and properly completed copies of Internal Revenue Service Form W-8IMY (or any successor forms)
properly completed and duly executed by such Foreign Lender, together with any information, if any, such Foreign Lender chooses to transmit with such form, and any other certificate or statement of exemption required under the Internal Revenue Code
or the regulations thereunder, to establish that such Foreign Lender is not acting for its own account with respect to a portion of any such sums payable to such Foreign Lender; 
 (e) without limiting the generality of the foregoing, in the event that Company is resident for tax purposes in the United States, any
Lender that is not a Foreign Lender and has not otherwise established to the reasonable satisfaction of Company and Administrative Agent that it is an exempt recipient (as defined in section 6049(b)(4) of the Internal Revenue Code and the
United States Treasury Regulations thereunder) shall deliver to Company and Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Lender becomes a Lender under this Agreement
(and from time to time thereafter as prescribed by applicable law or upon the request of Company or Administrative Agent), duly executed and properly completed copies of Internal Revenue Service Form W-9; and 
  

 48 

 EXECUTION VERSION 
  

 (f) without limiting the generality of the foregoing, each Lender hereby agrees,
from time to time after the initial delivery by such Lender of such forms, whenever a lapse in time or change in circumstances renders such forms, certificates or other evidence so delivered obsolete or inaccurate in any material respect, that such
Lender shall promptly (1) deliver to Administrative Agent and Company two original copies of renewals, amendments or additional or successor forms, properly completed and duly executed by such Lender, together with any other certificate or
statement of exemption required in order to confirm or establish that such Lender is entitled to an exemption from or reduction of any Tax with respect to payments to such Lender under the Loan Documents and, if applicable, that such Lender does not
act for its own account with respect to any portion of such payment, or (2) notify Administrative Agent and Company of its inability to deliver any such forms, certificates or other evidence. 
 C. Capital Adequacy Adjustment. If any Lender shall have determined that any Change in Law regarding capital adequacy has or would have
the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence of, or with reference to, such Lender’s Loans or Commitments or Letters of Credit or participations therein or
other obligations hereunder with respect to the Loans or the Letters of Credit to a level below that which such Lender or such controlling corporation could have achieved but for such Change in Law (taking into consideration the policies of such
Lender or such controlling corporation with regard to capital adequacy), then from time to time, within five Business Days after receipt by Company from such Lender of the statement referred to in subsection 2.8A, Company shall pay to such Lender
such additional amount or amounts as will compensate such Lender or such controlling corporation on an after-tax basis for such reduction. Company shall not be required to compensate a Lender pursuant to this subsection 2.7C for any reduction in
respect of a period occurring more than 270 days prior to the date on which such Lender notifies Company of such Change in Law and such Lender’s intention to claim compensation therefor, except, if the Change in Law giving rise to such
reduction is retroactive, no such time limitation shall apply so long as such Lender requests compensation within 270 days from the date on which the applicable Government Authority informed such Lender of such Change in Law. 
  

	 	2.8	Statement of Lenders; Obligation of Lenders and Issuing Lender to Mitigate 

 A. Statements. Each Lender claiming compensation or reimbursement pursuant to subsection 2.6D, 2.7 or 2.8B shall deliver to Company (with a copy to Administrative Agent) a written statement, setting forth in
reasonable detail the basis of the calculation of such compensation or reimbursement, which statement shall be conclusive and binding upon all parties hereto absent manifest error. 
 B. Mitigation. Each Lender and Issuing Lender agrees that, as promptly as practicable after the officer of such Lender or Issuing Lender
responsible for administering the Loans or Letters of Credit of such Lender or Issuing Lender, as the case may be, becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an Affected Lender
or that would entitle such Lender or Issuing Lender to receive payments under subsection 2.7, it will use reasonable efforts to make, issue, fund or maintain the 

  

 49 

 EXECUTION VERSION 
  

 
Commitments of such Lender or the Loans or Letters of Credit of such Lender or Issuing Lender through another lending or letter of credit office of such
Lender or Issuing Lender, if (i) as a result thereof the circumstances which would cause such Lender to be an Affected Lender would cease to exist or the additional amounts which would otherwise be required to be paid to such Lender or Issuing
Lender pursuant to subsection 2.7 would be materially reduced and (ii) as determined by such Lender or Issuing Lender in its sole discretion, such action would not otherwise be disadvantageous to such Lender or Issuing Lender; provided
that such Lender or Issuing Lender will not be obligated to utilize such other lending or letter of credit office pursuant to this subsection 2.8B unless Company agrees to pay all incremental expenses incurred by such Lender or Issuing Lender as a
result of utilizing such other lending or letter of credit office as described above. 
  

	 	2.9	Replacement of a Lender 

 If Company
receives a statement of amounts due pursuant to subsection 2.8A from a Lender, a Revolving Lender defaults in its obligations to fund a Revolving Loan pursuant to this Agreement, a Lender (a “Non-Consenting Lender”) refuses to
consent to an amendment, modification or waiver of this Agreement that, pursuant to subsection 10.6, requires consent of 100% of the Lenders or 100% of the Lenders with Obligations directly affected or a Lender becomes an Affected Lender (any such
Lender, a “Subject Lender”), so long as (i) no Potential Event of Default or Event of Default shall have occurred and be continuing and Company has obtained a commitment from another Lender or an Eligible Assignee to purchase
at par the Subject Lender’s Loans and assume the Subject Lender’s Commitments and all other obligations of the Subject Lender hereunder, (ii) such Lender is not an Issuing Lender with respect to any Letters of Credit outstanding
(unless all such Letters of Credit are terminated or arrangements acceptable to such Issuing Lender (such as a “back-to-back” letter of credit) are made) and (iii), if applicable, the Subject Lender is unwilling to withdraw the notice
delivered to Company pursuant to subsection 2.8 and/or is unwilling to remedy its default upon ten days prior written notice to the Subject Lender and Administrative Agent, Company may require the Subject Lender to assign all of its Loans and
Commitments to such other Lender, Lenders, Eligible Assignee or Eligible Assignees pursuant to the provisions of subsection 10.1B; provided that, prior to or concurrently with such replacement, (a) the Subject Lender shall have received
payment in full of all principal, interest, fees and other amounts (including all amounts under subsections 2.6D, 2.7 and/or 2.8B (if applicable)) through such date of replacement and a release from its obligations under the Loan Documents,
(b) the processing fee required to be paid by subsection 10.1B(i) shall have been paid to Administrative Agent (provided, however, that the Non-Consenting Lender or the Subject Lender shall not be required to pay such processing
fee), (c) all of the requirements for such assignment contained in subsection 10.1B, including the consent of Administrative Agent (if required) and the receipt by Administrative Agent of an executed Assignment Agreement executed by the
assignee (Administrative Agent being hereby authorized to execute any Assignment Agreement on behalf of a Subject Lender relating to the assignment of Loans and/or Commitments of such subject Lender) and other supporting documents, have been
fulfilled, and (d) in the event such Subject Lender is a Non-Consenting Lender, each assignee shall consent, at the time of such assignment, to each matter in respect of which such Subject Lender was a Non-Consenting Lender and Company also
requires each other Subject Lender that is a Non-Consenting Lender to assign its Loans and Commitments. 
  

 50 

 EXECUTION VERSION 
  

	 	2.10	Increase in Commitments 

 A. Request for
Increase. Upon notice to Administrative Agent (which shall promptly notify Lenders), Company may from time to time, but on not more than two separate occasions, by written notice to Administrative Agent request an increase in the
Revolving Loan Commitments by an amount (for both such requests in the aggregate) not exceeding $50,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $10,000,000 or such lesser amount that is
equal to the maximum remaining amount of increase permitted pursuant to this subsection 2.10A, (ii) no Event of Default or Potential Event of Default shall have occurred and be continuing or result from such increase in the Revolving Loan
Commitments, and (iii) Company and its Subsidiaries shall be in compliance, on a pro forma basis (as though any Loans to be made on the applicable Increase Effective Date have been made), with each of the financial covenants specified in
subsection 7.6, before and after giving effect to such increase, as of the last day of the most recently ended Fiscal Quarter in the case of the financial covenant specified in subsection 7.6A and as of the applicable Increase Effective Date in the
case of the financial covenant specified in subsection 7.6B. 
 B. Increase in Commitments; Additional Lenders. Concurrently with any
request by Company for an increase in Revolving Loan Commitments pursuant to this subsection 2.10, Company shall notify Administrative Agent of each Lender that has agreed to increase its Revolving Loan Commitment and the amount of each such agreed
increase. Company and such Lender shall execute and deliver to Administrative Agent an assumption agreement in form and substance satisfactory to Administrative Agent and its counsel to evidence the increase in such Lender’s Revolving Loan
Commitment. To achieve the full amount of a requested increase in Revolving Loan Commitments Company may also invite additional Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance satisfactory to Administrative
Agent and its counsel, provided that Administrative Agent shall have consented to any such Eligible Assignee becoming a Lender. Company shall have no right to increase Revolving Loan Commitments pursuant to this subsection 2.10 except to the
extent Company obtains the agreement of one or more Lenders and/or Eligible Assignees (and, in the case of any such Eligible Assignee, any requisite consent) to accept such increase in Revolving Loan Commitments. Nothing contained in this paragraph
or otherwise in this Agreement is intended to commit any Lender or Administrative Agent to provide any portion of any increase in Revolving Loan Commitments. 
 C. Effective Date and Allocations. If the Revolving Loan Commitments are increased in accordance with this subsection 2.10, Administrative Agent and Company shall determine the effective date (each, an
“Increase Effective Date”) and the final allocation of such increase in Revolving Loan Commitments. Administrative Agent shall promptly notify Company and Lenders (and any designated Eligible Assignees) of the final allocation of
such increase and the applicable Increase Effective Date. 
 D. Conditions to Effectiveness of Increase. As conditions precedent to
each such increase in Revolving Loan Commitments, (i) Company shall pay to Administrative Agent, for distribution to each Lender providing such increase in Revolving Loan Commitments in proportion to that Lender’s Pro Rata Share of such
increase in Revolving Loan Commitments, a fee, if any, to be agreed upon at the time such increase in Revolving Loan Commitments is provided and (ii) Company shall deliver to Administrative Agent an Officer’s Certificate of Company dated
as of the applicable Increase Effective Date: 
 (1) certifying and attaching the resolutions adopted by Company approving or
consenting to such increase in Revolving Loan Commitments; 
  

 51 

 EXECUTION VERSION 
  

 (2) certifying that, before and after giving effect to such increase in Revolving
Loan Commitments: 
 (A) the representations and warranties contained herein and in the other Loan Documents are true,
correct and complete in all material respects on and as of the applicable Increase Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier
date, in which case such representations and warranties are true, correct and complete in all material respects on and as of such earlier date; provided that where a representation and warranty is already qualified as to materiality, such
representation and warranty shall be true, correct and complete as so qualified; 
 (B) no event has occurred and is
continuing or would result from the consummation of the requested increase in Revolving Loan Commitments that would constitute an Event of Default or a Potential Event of Default; 
 (C) each Loan Party has performed in all material respects all agreements and satisfied all conditions which this Agreement provides
shall be performed or satisfied by it on or before the applicable Increase Effective Date; and 
 (3) demonstrating that
Company and its Subsidiaries are in compliance, on a pro forma basis (as though any Loans to be made on the applicable Increase Effective Date have been made), with each of the financial covenants specified in subsection 7.6, before and after giving
effect to such increase, as of the last day of the most recently ended Fiscal Quarter in the case of the financial covenant specified in subsection 7.6A and as of the applicable Increase Effective Date in the case of the financial covenant specified
in subsection 7.6B. 
 E. Company shall either (1) prepay any Revolving Loans outstanding on the applicable Increase Effective
Date or (2) submit a Notice of Borrowing requesting Revolving Loans as of the applicable Increase Effective Date (which Revolving Loans shall be funded solely by the Revolving Lenders that have increased their respective Revolving Loan
Commitments as of such Increase Effective Date), in each case solely to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Pro Rata Shares of Revolving 

  

 52 

 EXECUTION VERSION 
  

 
Loans arising from any nonratable increase in the Revolving Loan Commitments under this subsection 2.10. Company shall execute and deliver any additional
Revolving Notes as any Lender may reasonably request and any other documents, instruments and amendments or modifications to this Agreement or any other Loan Document as Administrative Agent may reasonably request. In connection with any increase in
Revolving Loan Commitments provided for in this subsection 2.10, conforming amendments shall be made to this Agreement and the other Loan Documents to reflect such increase in Revolving Loan Commitments, including, if applicable, to include Lenders
of such increased Revolving Loan Commitments in any determination of Lenders, Requisite Lenders and Pro Rata Share. Any such amendment shall become effective when executed by Administrative Agent and each Lender that has increased its Revolving Loan
Commitment. Notwithstanding anything in this Agreement expressed or implied to the contrary (including in subsection 10.6), nothing herein shall be construed to require consent from Lenders that are not lenders of such increased Revolving Loan
Commitments to the incurrence of the increase in Revolving Loan Commitments in compliance with this subsection 2.10, and this subsection 2.10 shall supersede any provisions in subsection 10.6 to the contrary. 
 Section 3. LETTERS OF CREDIT 
  

	 	3.1	Issuance of Letters of Credit and Lenders’ Purchase of Participations Therein 

 A. Letters of Credit. Company may request, in accordance with the provisions of this subsection 3.1, from time to time during
the period from the Restatement Date to but excluding the 30th day prior to the
Revolving Loan Commitment Termination Date, that Issuing Lender issue Letters of Credit for the account of Company for the general corporate purposes of Company or a Subsidiary of Company. Subject to the terms and conditions of this Agreement and in
reliance upon the representations and warranties of Company herein set forth, Issuing Lender shall issue such Letters of Credit in accordance with the provisions of this subsection 3.1; provided that Company shall not request that Issuing
Lender issue: 
 (i) any Letter of Credit if, after giving effect to such issuance, the Total Utilization of Revolving Loan
Commitments would exceed the Revolving Loan Commitment Amount then in effect; 
 (ii) any Letter of Credit if, after giving
effect to such issuance, the Letter of Credit Usage would exceed $5,000,000; 
 (iii) any Standby Letter of Credit having an
expiration date later than the earlier of (a) 30 days prior to the Revolving Loan Commitment Termination Date and (b) the date which is one year from the date of issuance of such Standby Letter of Credit; provided that the
immediately preceding clause (b) shall not prevent Issuing Lender from agreeing that a Standby Letter of Credit will automatically be extended for one or more successive periods not to exceed one year each unless Issuing Lender elects not to
extend for any such additional period; and provided, further that Issuing Lender shall elect not to extend such Standby Letter of Credit if it has knowledge that an Event of Default has occurred and is continuing (and has not been
waived in accordance with subsection 10.6) at the time Issuing Lender must elect whether or not to allow such extension; 
  

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 EXECUTION VERSION 
  

 (iv) any Standby Letter of Credit issued for the purpose of supporting (a) trade
payables or (b) any Indebtedness constituting “antecedent debt” (as that term is used in Section 547 of the Bankruptcy Code); 
 (v) any Commercial Letter of Credit having an expiration date (a) later than the earlier of (1) the date which is 30 days prior to the Revolving Loan Commitment Termination Date and (2) the date which
is 180 days from the date of issuance of such Commercial Letter of Credit or (b) that is otherwise unacceptable to Issuing Lender in its reasonable discretion; or 
 (vi) any Letter of Credit denominated in a currency other than Dollars. 
 All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Restatement Date shall be subject to and
governed by the terms and conditions hereof. 
 B. Mechanics of Issuance. 
 (i) Request for Issuance. Whenever Company desires the issuance of a Letter of Credit, it shall deliver to Administrative Agent a
Request for Issuance no later than 9:00 A.M. (San Francisco time) at least three Business Days, or such shorter period as may be agreed to by Issuing Lender in any particular instance, in advance of the proposed date of issuance. Issuing
Lender, in its reasonable discretion, may require changes in the text of the proposed Letter of Credit or any documents described in or attached to the Request for Issuance. In furtherance of the provisions of subsection 10.8, and not in limitation
thereof, Company may submit Requests for Issuance by telefacsimile and Administrative Agent and Issuing Lender may rely and act upon any such Request for Issuance without receiving an original signed copy thereof. No Letter of Credit shall require
payment against a conforming demand for payment to be made thereunder on the same business day (under the laws of the jurisdiction in which the office of Issuing Lender to which such demand for payment is required to be presented is located) on
which such demand for payment is presented if such presentation is made after 10:00 A.M. (in the time zone of such office of Issuing Lender) on such business day. 
 (ii) Issuance of Letter of Credit. Upon satisfaction or waiver (in accordance with subsection 10.6) of the conditions set forth in
subsection 4.3, Issuing Lender shall issue the requested Letter of Credit in accordance with Issuing Lender’s standard operating procedures. 
 (iii) Notification to Revolving Lenders. Upon the issuance of or amendment to any Letter of Credit, Issuing Lender shall promptly notify Administrative Agent and Company of such issuance or amendment in writing
and such notice shall be accompanied by a copy of such Letter of Credit or amendment. Upon receipt of such notice (or, if Administrative Agent is Issuing Lender, together with such notice), Administrative Agent shall notify each Revolving Lender in
writing of such issuance or 

  

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amendment and the amount of such Revolving Lender’s respective participation in such Letter of Credit or amendment, and, if so requested by a Revolving
Lender, Administrative Agent shall provide such Lender with a copy of such Letter of Credit or amendment. 
 C. Revolving Lenders’
Purchase of Participations in Letters of Credit. Immediately upon the issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby agrees to, have irrevocably purchased from the Issuing Lender a participation in
such Letter of Credit and any drawings honored thereunder in an amount equal to such Revolving Lender’s Pro Rata Share of the maximum amount that is or at any time may become available to be drawn thereunder. 
  

	 	3.2	Letter of Credit Fees 

 Company agrees to
pay the following amounts with respect to Letters of Credit issued hereunder: 
 (i) with respect to each Letter of Credit,
(a) a fronting fee, payable directly to Issuing Lender for its own account, equal to 0.25% per annum of the daily amount available to be drawn under such Letter of Credit and (b) a letter of credit fee, payable to Administrative Agent
for the account of Revolving Lenders, equal to the applicable Eurodollar Rate Margin for Revolving Loans plus, upon the application of increased rates of interest pursuant to subsection 2.2E, 2% per annum, multiplied by the daily
amount available to be drawn under such Letter of Credit, each such fronting fee or letter of credit fee to be payable in arrears on and to (but excluding) March 31, June 30, September 30 and December 31 of each calendar year,
commencing on March 31, 2008, and on the Revolving Loan Commitment Termination Date, in each case computed on the basis of a 360-day year for the actual number of days elapsed; 
 (ii) with respect to the issuance, amendment or transfer of each Letter of Credit and each payment of a drawing made thereunder (without
duplication of the fees payable under clause (i) above), documentary and processing charges payable directly to Issuing Lender for its own account in accordance with Issuing Lender’s standard schedule for such charges in effect at the time
of such issuance, amendment, transfer or payment, as the case may be. 
 For purposes of calculating any fees payable under clause (i) of this
subsection 3.2, the daily amount available to be drawn under any Letter of Credit shall be determined as of the close of business on any date of determination. 
  

	 	3.3	Drawings and Reimbursement of Amounts Paid Under Letters of Credit 

 A. Responsibility of Issuing Lender With Respect to Drawings. In determining whether to honor any drawing under any Letter of Credit by the beneficiary thereof, Issuing Lender shall be responsible only
to examine the documents delivered under such Letter of Credit with reasonable care so as to ascertain whether they appear on their face to be in accordance with the terms and conditions of such Letter of Credit. 
  

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 B. Reimbursement by Company of Amounts Paid Under Letters of Credit. In the event
Issuing Lender has determined to honor a drawing under a Letter of Credit issued by it, Issuing Lender shall immediately notify Company and Administrative Agent, and Company shall reimburse Issuing Lender on or before the Business Day immediately
following the date on which such drawing is honored (the “Reimbursement Date”) in an amount in Dollars and in same day funds equal to the amount of such payment; provided that, anything contained in this Agreement to the
contrary notwithstanding, (i) unless Company shall have notified Administrative Agent and Issuing Lender prior to 10:00 A.M. (San Francisco time) on the date such drawing is honored that Company intends to reimburse Issuing Lender for the
amount of such payment with funds other than the proceeds of Revolving Loans, Company shall be deemed to have given a timely Notice of Borrowing to Administrative Agent requesting Revolving Lenders to make Revolving Loans that are Base Rate Loans on
the Reimbursement Date in an amount in Dollars equal to the amount of such payment and (ii) subject to satisfaction or waiver of the conditions specified in subsection 4.2B, Revolving Lenders shall, on the Reimbursement Date, make Revolving
Loans that are Base Rate Loans in the amount of such payment, the proceeds of which shall be applied directly by Administrative Agent to reimburse Issuing Lender for the amount of such payment; and provided, further that if for any
reason proceeds of Revolving Loans are not received by Issuing Lender on the Reimbursement Date in an amount equal to the amount of such payment, Company shall reimburse Issuing Lender, on demand, in an amount in same day funds equal to the excess
of the amount of such payment over the aggregate amount of such Revolving Loans, if any, which are so received. Nothing in this subsection 3.3B shall be deemed to relieve any Revolving Lender from its obligation to make Revolving Loans on the terms
and conditions set forth in this Agreement, and Company shall retain any and all rights it may have against any Revolving Lender resulting from the failure of such Revolving Lender to make such Revolving Loans under this subsection 3.3B. 

C. Payment by Lenders of Unreimbursed Amounts Paid Under Letters of Credit. 
 (i) Payment by Revolving Lenders. In the event that Company shall fail for any reason to reimburse Issuing Lender as provided in
subsection 3.3B in an amount equal to the amount of any payment by Issuing Lender, Issuing Lender shall promptly notify Administrative Agent, who shall promptly notify each Revolving Lender of the unreimbursed amount of such honored drawing and of
such Revolving Lender’s respective participation therein based on such Revolving Lender’s Pro Rata Share. Each Revolving Lender (other than Issuing Lender) shall make available to Administrative Agent an amount equal to its respective
participation, in Dollars, in same day funds, at the Funding and Payment Office, not later than 12:00 Noon (San Francisco time) on the first Business Day after the date notified by Administrative Agent, and Administrative Agent shall make available
to Issuing Lender in Dollars, in same day funds, at the office of Issuing Lender on such Business Day the aggregate amount of the payments so received by Administrative Agent. In the event that any Revolving Lender fails to make available to
Administrative Agent on such Business Day the amount of such Revolving Lender’s participation in such Letter of Credit as provided in this subsection 3.3C, Issuing Lender shall be entitled to recover such amount on demand from such Revolving
Lender together with interest thereon at the rate customarily used by Issuing Lender for the correction of errors among banks for three Business Days and thereafter at the Base 

  

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 EXECUTION VERSION 
  

 
Rate. Nothing in this subsection 3.3C shall be deemed to prejudice the right of Administrative Agent to recover, for the benefit of Revolving Lenders, from
Issuing Lender any amounts made available to Issuing Lender pursuant to this subsection 3.3C in the event that it is determined by the final judgment of a court of competent jurisdiction that the payment with respect to a Letter of Credit by Issuing
Lender in respect of which payments were made by Revolving Lenders constituted gross negligence or willful misconduct on the part of Issuing Lender. 
 (ii) Distribution to Lenders of Reimbursements Received From Company. In the event Issuing Lender shall have been reimbursed by other Revolving Lenders pursuant to subsection 3.3C(i) for all or any portion of
any payment by Issuing Lender under a Letter of Credit issued by it, and Administrative Agent or Issuing Lender thereafter receives any payments from Company in reimbursement of such payment under the Letter of Credit, to the extent any such payment
is received by Issuing Lender, it shall distribute such payment to Administrative Agent, and Administrative Agent shall distribute to each other Revolving Lender that has paid all amounts payable by it under subsection 3.3C(i) with respect to such
payment such Revolving Lender’s Pro Rata Share of all payments subsequently received by Administrative Agent or by Issuing Lender from Company. Any such distribution shall be made to a Revolving Lender at the account specified in subsection
2.4B(iii). 
 D. Interest on Amounts Paid Under Letters of Credit. 
 (i) Payment of Interest by Company. Company agrees to pay to Administrative Agent, with respect to payments under any Letters of
Credit issued by Issuing Lender, interest on the amount paid by Issuing Lender in respect of each such payment from the date a drawing is honored to but excluding the date such amount is reimbursed by Company (including any such reimbursement out of
the proceeds of Revolving Loans pursuant to subsection 3.3B) at a rate equal to (a) for the period from the date such drawing is honored to but excluding the Reimbursement Date, the rate then in effect under this Agreement with respect to
Revolving Loans that are Base Rate Loans and (b) thereafter, a rate which is 2% per annum in excess of the rate of interest otherwise payable under this Agreement with respect to Revolving Loans that are Base Rate Loans. Interest payable
pursuant to this subsection 3.3D(i) shall be computed on the basis of a 365-day or 366-day year, as the case may be, for the actual number of days elapsed in the period during which it accrues and shall be payable on demand or, if no demand is made,
on the date on which the related drawing under a Letter of Credit is reimbursed in full. 
 (ii) Distribution of Interest
Payments by Administrative Agent. Promptly upon receipt by Administrative Agent of any payment of interest pursuant to subsection 3.3D(i) with respect to a payment under a Letter of Credit, (a) Administrative Agent shall distribute to
(x) each Revolving Lender (including Issuing Lender) out of the interest received by Administrative Agent in respect of the period from the date such drawing is honored to but excluding the date on which Issuing Lender is reimbursed for the
amount of such payment (including any such reimbursement out of the proceeds of Revolving Loans pursuant to subsection 3.3B), the amount that such Revolving Lender would have been entitled to receive in respect of the letter of credit fee that would
have been payable 

  

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in respect of such Letter of Credit for such period pursuant to subsection 3.2 if no drawing had been honored under such Letter of Credit, and
(y) Issuing Lender the amount, if any, remaining after payment of the amounts applied pursuant to clause (x), and (b) in the event Issuing Lender shall have been reimbursed by other Revolving Lenders pursuant to subsection 3.3C(i) for all
or any portion of such payment, Administrative Agent shall distribute to each Revolving Lender (including Issuing Lender) that has paid all amounts payable by it under subsection 3.3C(i) with respect to such payment such Revolving Lender’s Pro
Rata Share of any interest received by Administrative Agent in respect of that portion of such payment so made by Revolving Lenders for the period from the date on which Issuing Lender was so reimbursed to but excluding the date on which such
portion of such payment is reimbursed by Company. Any such distribution shall be made to a Revolving Lender at the account specified in subsection 2.4B(iii). 
  

	 	3.4	Obligations Absolute 

 The obligation of
Company to reimburse Issuing Lender for payments under the Letters of Credit issued by it and to repay any Revolving Loans made by Revolving Lenders pursuant to subsection 3.3B and the obligations of Revolving Lenders under subsection 3.3C(i) shall
be unconditional and irrevocable and shall be paid strictly in accordance with the terms of this Agreement under all circumstances including any of the following circumstances: 
 (i) any lack of validity or enforceability of any Letter of Credit; 
 (ii) the existence of any claim, set-off, defense or other right which Company or any Lender may have at any time against a beneficiary or
any transferee of any Letter of Credit (or any Persons for whom any such transferee may be acting), Issuing Lender or other Revolving Lender or any other Person or, in the case of a Revolving Lender, against Company, whether in connection with this
Agreement, the transactions contemplated herein or any unrelated transaction (including any underlying transaction between Company or one of its Subsidiaries and the beneficiary for which any Letter of Credit was procured); 
 (iii) any draft or other document presented under any Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any
respect or any statement therein being untrue or inaccurate in any respect; 
 (iv) payment by Issuing Lender under any Letter
of Credit against presentation of a draft or other document which does not strictly comply with the terms of such Letter of Credit; 
 (v) any adverse change in the business, operations, properties, assets, condition (financial or otherwise) or prospects of Company or any of its Subsidiaries; 
 (vi) any breach of this Agreement or any other Loan Document by any party thereto; 
  

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 (vii) any other circumstance or happening whatsoever, whether or not similar to any
of the foregoing; or 
 (viii) the fact that an Event of Default or a Potential Event of Default shall have occurred and be
continuing; 
 provided, in each case, that payment by the Issuing Lender under the applicable Letter of Credit shall not have constituted gross
negligence or willful misconduct of Issuing Lender under the circumstances in question (as determined by a final judgment of a court of competent jurisdiction). 
  

	 	3.5	Nature of Issuing Lender’s Duties 

 As
between Company and Issuing Lender, Company assumes all risks of the acts and omissions of, or misuse of the Letters of Credit issued by Issuing Lender by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation
of the foregoing, Issuing Lender shall not be responsible for: (i) 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 such
Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or
assign any such Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason; (iii) failure of the beneficiary of any such Letter of Credit to comply
fully with any conditions required in order to draw upon such Letter of Credit; (iv) 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) errors in interpretation of technical terms; (vi) any loss or delay in the transmission or otherwise of any document required in order to make a drawing under any such Letter of Credit or of the proceeds thereof;
(vii) the misapplication by the beneficiary of any such Letter of Credit of the proceeds of any drawing under such Letter of Credit; or (viii) any consequences arising from causes beyond the control of Issuing Lender, including any act or
omission by a Government Authority, and none of the above shall affect or impair, or prevent the vesting of, any of Issuing Lender’s rights or powers hereunder. 
 In furtherance and extension and not in limitation of the specific provisions set forth in the first paragraph of this subsection 3.5, any action taken or omitted by Issuing Lender under or in connection with the
Letters of Credit issued by it or any documents and certificates delivered thereunder, if taken or omitted in good faith, shall not put Issuing Lender under any resulting liability to Company. 
 Notwithstanding anything to the contrary contained in this subsection 3.5, Company shall retain any and all rights it may have against Issuing Lender
for any liability arising solely out of the gross negligence or willful misconduct of Issuing Lender, as determined by a final judgment of a court of competent jurisdiction. 
  

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 Section 4. CONDITIONS TO LOANS AND LETTERS OF CREDIT 
 The obligations of Lenders to amend and restate the Original Credit Agreement and to make Loans and to issue Letters of Credit hereunder are subject to
the satisfaction of the following conditions. 
  

	 	4.1	Conditions to Initial Revolving Loans and Swing Line Loans 

 The effectiveness of this Agreement and the obligations of Lenders to make any Revolving Loans and Swing Line Loans to be made on the Restatement Date are, in addition to the conditions precedent specified in
subsection 4.2, subject to prior or concurrent satisfaction of the following conditions: 
 A. Loan Party Documents. On or before the
Restatement Date, Company shall, and shall cause each other Loan Party to, deliver to Lenders (or to Administrative Agent with sufficient originally executed copies, where appropriate, for each Lender) the following with respect to Company or such
Loan Party, as the case may be, each, unless otherwise noted, dated the Restatement Date: 
 (i) Copies of all amendments to
the Organizational Documents of such Person executed on or after September 27, 2005 and copies of the Organizational Documents of such Person if such Person was organized on or after September 27, 2005, in each case, certified by the
Secretary of State of its jurisdiction of organization or, if such document is of a type that may not be so certified, certified by the secretary or similar officer of the applicable Loan Party, together with a good standing certificate from the
Secretary of State of its jurisdiction of organization and, to the extent generally available, a certificate or other evidence of good standing as to payment of any applicable franchise or similar taxes from the appropriate taxing authority of such
jurisdiction, each dated a recent date prior to the Restatement Date; 
 (ii) Resolutions of the Governing Body of such Person
approving and authorizing the execution, delivery and performance of the Loan Documents to which it is a party, certified as of the Restatement Date by the secretary or similar officer of such Person as being in full force and effect without
modification or amendment; 
 (iii) Signature and incumbency certificates of the officers of such Person executing the Loan
Documents to which it is a party; 
 (iv) Executed originals of the Loan Documents to which such Person is a party (except for
any executed original Loan Documents that have been delivered to Administrative Agent prior to the Restatement Date); and 
 (v) Such other documents as Administrative Agent may reasonably request. 
  

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 B. Interest and Fees. 
 (i) Company shall have paid in full all accrued interest on the loans under the Original Credit Agreement and all accrued fees, costs and
expenses thereunder, in each case through the Restatement Date. 
 (ii) Company shall have paid to Administrative Agent, for
distribution (as appropriate) to Administrative Agent and Lenders, the fees payable on the Restatement Date referred to in subsection 2.3B. 
 C. Representations and Warranties; Performance of Agreements. Company shall have delivered to Administrative Agent an Officer’s Certificate, in form and substance satisfactory to Administrative Agent, to the effect that the
representations and warranties in Section 5 are true, correct and complete in all material respects on and as of the Restatement Date to the same extent as though made on and as of that date (or, to the extent such representations and
warranties specifically relate to an earlier date, that such representations and warranties were true, correct and complete in all material respects on and as of such earlier date) and that Company shall have performed in all material respects all
agreements and satisfied all conditions which this Agreement provides shall be performed or satisfied by it on or before the Restatement Date except as otherwise disclosed to and agreed to in writing by Administrative Agent; provided that, if
a representation and warranty, covenant or condition is qualified as to materiality, the applicable materiality qualifier set forth above shall be disregarded with respect to such representation and warranty, covenant or condition for purposes of
this condition. 
 D. Financial Statements; Pro Forma Balance Sheet. On or before the Restatement Date, Lenders shall have received
from Company (i) audited consolidated financial statements of Company and its Subsidiaries for Fiscal Years 2004, 2005 and 2006, consisting of balance sheets and the related consolidated statements of income, stockholders’ equity and cash
flows for such Fiscal Years, audited by independent public accountants of recognized national standing and prepared in conformity with GAAP, together with such accountants’ report thereon, (ii) audited financial statements of
Mitchell’s Fish Market for fiscal years 2005 and 2006 and of Cameron’s Steakhouse (but excluding the Cameron’s Steakhouse located in Glendale (Milwaukee, Wisconsin) and the Mitchell’s Steakhouse located at Crosswoods (Columbus,
Ohio; relocated to Polaris, Columbus, Ohio)) for fiscal year 2006, consisting of balance sheets and the related statements of income and cash flows for such fiscal years, audited by independent public accountants of recognized national standing and
prepared in conformity with GAAP, together with such accountants’ report thereon, (iii) unaudited financial statements of Cameron’s Steakhouse (but excluding the Cameron’s Steakhouse located in Glendale (Milwaukee, Wisconsin))
for fiscal year 2005, consisting of balance sheets and the related statements of income and cash flows for such fiscal year, (iv) unaudited consolidated balance sheets as at the end of the Fiscal Quarters ended March 25,
2007, June 24, 2007, September 30, 2007 and December 30, 2007, and the related consolidated statements of income, stockholders’ equity and cash flows of Company and its Subsidiaries for such Fiscal Quarters and for the
period from the beginning of Fiscal Year 2007 to the end of each such Fiscal Quarter, all in reasonable detail and certified by the chief financial officer of Company that they fairly present the financial condition of Company and its Subsidiaries
as at the date indicated and the results of their operations and their cash flows for the period indicated, subject to changes resulting from audit and normal year-end adjustments, (v) unaudited balance sheets as at the end of the six-month
period ended June 30, 2007 and at the end of the fiscal quarters ended September 30, 2007 and December 30, 

  

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2007, and the related statements of income and cash flows of the Acquired Business (but excluding the Cameron’s Steakhouse located in Glendale
(Milwaukee, Wisconsin)) for such six-month period, such fiscal quarters and for the period from January 1, 2007 to the end of each such period, all in reasonable detail, subject to changes resulting from audit and normal year-end adjustments,
(vi) a pro forma consolidated balance sheet of Company and its Subsidiaries as at the Restatement Date, prepared in accordance with GAAP and reflecting the consummation of the Acquisition, the related financings and the other transactions
contemplated by the Loan Documents and the Acquisition Agreement, which pro forma balance sheet shall be in form and substance satisfactory to Administrative Agent, and (vii) projected financial statements consisting of consolidated balance
sheets, statements of income and cash flow statements of Company and its Subsidiaries for Fiscal Years 2008 through and including 2013. 
 E. Opinions of Counsel to Loan Parties. Lenders shall have received originally executed copies of one or more favorable written opinions of Jones, Walker, Waechter, Poitevent, Carrère & Denègre, L.L.P., counsel
for Loan Parties, in form and substance reasonably satisfactory to Administrative Agent and its counsel, dated as of the Restatement Date setting forth the matters as Administrative Agent acting on behalf of Lenders may reasonably request (this
Agreement constituting a written request by Company to such counsel to deliver such opinions to Lenders). 
 F. Opinion of Counsel
Delivered Under Acquisition Agreement. Company shall make commercially reasonable efforts to obtain a letter from Seller’s counsel authorizing Lenders to rely upon the opinion of such counsel delivered to Company under the Acquisition
Agreement to the same extent as though it were addressed to Lenders, together with a copy of such opinion. 
 G. Evidence of
Insurance. Administrative Agent shall have received a certificate from Company’s insurance broker or other evidence satisfactory to it that all insurance required to be maintained pursuant to subsection 6.4 is in full force and effect and
that Administrative Agent on behalf of Lenders has been named as additional insured to the extent required under subsection 6.4. 
 H. Necessary Governmental Authorizations and Consents; Expiration of Waiting Periods, Etc. Company shall have obtained all Governmental Authorizations (other than Liquor Licenses and Permits) and all consents of other Persons,
in each case that are necessary or reasonably advisable in connection with the Acquisition, the other transactions contemplated by the Loan Documents and the Acquisition Agreement and the continued operation of the Acquired Business in substantially
the same manner as conducted prior to the Restatement Date and to the extent any Liquor License or Permit has not been obtained, Company shall have taken all actions necessary or reasonably advisable in order to continue to operate the Acquired
Business in substantially the same manner as conducted prior to the Restatement Date. Each such Governmental Authorization and consent shall be in full force and effect, except in a case where the failure to obtain or maintain a Governmental
Authorization or consent, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. All applicable waiting periods shall have expired without any action being taken or threatened by any
competent authority that would restrain, prevent or otherwise impose adverse conditions on the Acquisition, the other transactions contemplated by the Loan 

  

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Documents or the financing thereof. No action, request for stay, petition for review or rehearing, reconsideration, or appeal with respect to any of the
foregoing shall be pending, and the time for any applicable Government Authority to take action to set aside its consent on its own motion shall have expired. 
 I. Security Interests in Collateral. Administrative Agent shall have received evidence satisfactory to it that Company and Subsidiary Guarantors shall have taken or caused to be taken all such actions, executed
and delivered or caused to be executed and delivered all such agreements, documents and instruments, and made or caused to be made all such filings and recordings (other than the filing or recording of items described in clauses (ii) and
(iii) below) that may be necessary or, in the opinion of Administrative Agent, desirable in order to create in favor of Administrative Agent, for the benefit of Lenders, a valid and (upon such filing and recording) perfected First Priority
security interest in the Collateral. Such actions shall include the following: 
 (i) Stock Certificates and
Instruments. Delivery to Administrative Agent of (a) certificates (which certificates shall be accompanied by irrevocable undated stock powers, duly endorsed in blank and otherwise satisfactory in form and substance to Administrative Agent)
representing all Capital Stock pledged pursuant to the Pledge Agreement and (b) all promissory notes or other instruments (duly endorsed, where appropriate, in a manner satisfactory to Administrative Agent) evidencing any Collateral;

 (ii) Lien Searches and UCC Termination Statements. Delivery to Administrative Agent of (a) the results of a
recent search, by a Person satisfactory to Administrative Agent, of all effective UCC financing statements and fixture filings and all judgment and tax lien filings which may have been made with respect to any personal or mixed property of any Loan
Party, together with copies of all such filings disclosed by such search, and (b) duly completed UCC termination statements, and authorization of the filing thereof from the applicable secured party, as may be necessary to terminate any
effective UCC financing statements or fixture filings disclosed in such search (other than any such financing statements or fixture filings in respect of Liens permitted to remain outstanding pursuant to the terms of this Agreement); and 

(iii) UCC Financing Statements. Delivery to Administrative Agent of duly completed UCC financing statements with respect to all
Collateral of such Loan Party, for filing in all jurisdictions as may be necessary or, in the opinion of Administrative Agent, desirable to perfect the security interests created in such Collateral pursuant to the Collateral Documents.

 J. Financial Calculations. Administrative Agent shall have received a certificate signed by Company’s chief financial officer
demonstrating in reasonable detail Consolidated EBITDA for the four consecutive Fiscal Quarter period ended December 30, 2007 of not less than $59,000,000. 
 K. Compliance Certificate. Administrative Agent shall have received a Compliance Certificate demonstrating in reasonable detail, after giving pro forma effect to the transactions contemplated by the Loan
Documents, compliance as of the Restatement Date with the restrictions contained in subsection 7.6B. 
  

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 L. Completion of Proceedings. All corporate and other proceedings taken or to be taken in
connection with the transactions contemplated hereby and all documents incidental thereto not previously found acceptable by Administrative Agent, acting on behalf of Lenders, and its counsel shall be satisfactory in form and substance to
Administrative Agent and such counsel, and Administrative Agent and such counsel shall have received all such counterpart originals or certified copies of such documents as Administrative Agent may reasonably request. 
 M. Acquisition Agreement. Any material change in the structure used to consummate the Acquisition (other than with respect to any Liquor
License or Permit) contemplated in the Acquisition Agreement shall be in form and substance reasonably satisfactory to Co-Lead Arrangers. Administrative Agent shall have received a fully executed or conformed copy of the Acquisition Agreement and
any documents executed in connection therewith, and the Acquisition Agreement shall be in full force and effect and in compliance in all material respects with applicable laws and regulations and no provision of the Acquisition Agreement shall have
been amended, supplemented, waived or otherwise modified in any material respect without the prior written consent of Co-Lead Arrangers. 
 N. Consummation of Acquisition. 
 (i) All conditions to the Acquisition set forth in Article VIII of the
Acquisition Agreement shall have been satisfied or the fulfillment of any such conditions shall have been waived and, in the case of a waiver of any such conditions in any material respect, Co-Lead Arrangers shall have consented to such waiver;

 (ii) concurrently with the making of the Loans on the Restatement Date, the Acquisition shall have become effective in
accordance with the terms of the Acquisition Agreement; 
 (iii) the aggregate cash consideration paid to Seller in connection
with the Acquisition shall not exceed $96,000,000; 
 (iv) Transaction Costs shall not exceed $3,000,000, and Administrative
Agent shall have received evidence to its satisfaction to such effect; and 
 (v) Administrative Agent shall have received an
Officer’s Certificate of Company to the effect set forth in clauses (i)-(iv) above and stating that Company will proceed to consummate the Acquisition immediately upon the making of the Loans on the Restatement Date. 
 O. Solvency Assurances. On the Restatement Date, Administrative Agent and Lenders shall have received an Officer’s Certificate of Company,
signed by Company’s chief financial officer, dated the Restatement Date, substantially in the form of Exhibit XI annexed hereto and with appropriate attachments, demonstrating that, after giving effect to the consummation of the
transactions contemplated by the Loan Documents, Company and each Subsidiary Guarantor on a consolidated basis will be Solvent. 
  

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 EXECUTION VERSION 
  

 P. Patriot Act Certificate. Administrative Agent shall have received a certificate
satisfactory to it, for benefit of itself and Lenders, provided by Company that sets forth information required by the Patriot Act including the identity of Company, the name and address of Company and other information that will allow
Administrative Agent or any Lender, as applicable, to identify Company in accordance with the Patriot Act. 
  

	 	4.2	Conditions to All Loans 

 The obligation of
each Lender to make its Loans on each Funding Date are subject to the following further conditions precedent: 
 A. Administrative
Agent shall have received before that Funding Date, in accordance with the provisions of subsection 2.1B, a duly executed Notice of Borrowing, in each case signed by a duly authorized Officer of Company. 
 B. As of that Funding Date: 
 (i) The representations and warranties contained herein and in the other Loan Documents shall be true, correct and complete in all material respects on and as of that Funding Date to the same extent as though made on and as of that date,
except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true, correct and complete in all material respects on and as of such earlier date;
provided, that, if a representation and warranty is qualified as to materiality, the materiality qualifier set forth above shall be disregarded with respect to such representation and warranty for purposes of this condition; 
 (ii) No event shall have occurred and be continuing or would result from the consummation of the borrowing contemplated by such Notice of
Borrowing that would constitute an Event of Default or a Potential Event of Default; 
 (iii) Each Loan Party shall have
performed in all material respects all agreements and satisfied all conditions which this Agreement provides shall be performed or satisfied by it on or before that Funding Date; and 
 (iv) No order, judgment or decree of any arbitrator or Government Authority shall purport to enjoin or restrain such Lender from making
the Loans to be made by it on that Funding Date. 
  

	 	4.3	Conditions to Letters of Credit 

 The
issuance of any Letter of Credit hereunder (whether or not Issuing Lender is obligated to issue such Letter of Credit) is subject to the following conditions precedent: 
 A. On or before the date of issuance of the initial Letter of Credit pursuant to this Agreement, the initial Loans shall have been made. 
  

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 B. On or before the date of issuance of such Letter of Credit, Administrative Agent shall
have received, in accordance with the provisions of subsection 3.1B(i), an originally executed Request for Issuance (or a facsimile copy thereof) in each case signed by a duly authorized Officer of Company, together with all other information
specified in subsection 3.1B(i) and such other documents or information as Issuing Lender may reasonably require in connection with the issuance of such Letter of Credit. 
 C. On the date of issuance of such Letter of Credit, all conditions precedent described in subsection 4.2B shall be satisfied to the same extent
as if the issuance of such Letter of Credit were the making of a Loan and the date of issuance of such Letter of Credit were a Funding Date. 
 Section 5.
COMPANY’S REPRESENTATIONS AND WARRANTIES 
 In order to induce Lenders to enter into this Agreement and to make the Loans, to induce
Issuing Lender to issue Letters of Credit and to induce Revolving Lenders to purchase participations therein, Company represents and warrants to each Lender: 
  

	 	5.1	Organization, Powers, Qualification, Good Standing, Business and Subsidiaries 

 A. Organization and Powers. Company is a corporation, partnership, trust or limited liability company duly organized, validly existing and in good
standing under the laws of its jurisdiction of organization as specified in Schedule 5.1 annexed hereto. Company has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as
proposed to be conducted, to enter into the Acquisition Agreement and the Loan Documents to which it is a party and to carry out the transactions contemplated thereby. 
 B. Qualification and Good Standing. Company is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations,
except in jurisdictions where the failure to be so qualified or in good standing has not had and could not reasonably be expected to result in a Material Adverse Effect. 
 C. Conduct of Business. Company and its Subsidiaries are engaged only in the businesses permitted to be engaged in pursuant to subsection 7.10. 
 D. Subsidiaries. All of the Subsidiaries of Company as of the Restatement Date and their jurisdictions of organization are identified in
Schedule 5.1 annexed hereto. The Capital Stock of each of the Subsidiaries of Company identified in Schedule 5.1 annexed hereto is duly authorized, validly issued, fully paid and nonassessable and none of such Capital Stock
constitutes Margin Stock. Each of the Subsidiaries of Company identified in Schedule 5.1 annexed hereto is a corporation, partnership, trust or limited liability company duly organized, validly existing and in good standing under the
laws of its respective jurisdiction of organization set forth therein, has all requisite power and authority to own and operate its properties and to 

  

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carry on its business as now conducted and as proposed to be conducted, and is qualified to do business and in good standing in every jurisdiction where its
assets are located and wherever necessary to carry out its business and operations, in each case except where failure to be so qualified or in good standing or a lack of such power and authority has not had and could not reasonably be expected to
result in a Material Adverse Effect. Schedule 5.1 annexed hereto correctly sets forth the ownership interest of Company and each of its Subsidiaries in each of the Subsidiaries of Company identified therein. 
  

	 	5.2	Authorization of Borrowing, etc. 

 A.
Authorization of Borrowing. The execution, delivery and performance of the Loan Documents and the Acquisition Agreement have been duly authorized by all necessary action on the part of each Loan Party that is a party thereto. 
 B. No Conflict. The execution, delivery and performance by Loan Parties of the Loan Documents and the Acquisition Agreement to which they are
parties and the consummation of the transactions contemplated by the Loan Documents and the Acquisition Agreement do not and will not (i) violate any provision of any law or any governmental rule or regulation applicable to Company or any of
its Subsidiaries, the Organizational Documents of Company or any of its Subsidiaries or any order, judgment or decree of any court or other Government Authority binding on Company or any of its Subsidiaries, (ii) conflict with, result in a
breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of Company or any of its Subsidiaries, (iii) result in or require the creation or imposition of any Lien upon any of the properties or
assets of Company or any of its Subsidiaries (other than any Liens created under any of the Loan Documents in favor of Administrative Agent on behalf of Lenders), or (iv) require any approval of stockholders or any approval or consent of any
Person under any Contractual Obligation of Company or any of its Subsidiaries, except for Liquor Licenses and Permits and such other approvals or consents which will be obtained on or before the Restatement Date and disclosed in writing to Lenders.

 C. Governmental Consents. The execution, delivery and performance by Loan Parties of the Loan Documents and the Acquisition
Agreement to which they are parties and the consummation of the transactions contemplated by the Loan Documents and the Acquisition Agreement do not and will not require any Governmental Authorization, except for Liquor Licenses, Permits and any
other Governmental Authorizations that have been obtained. 
 D. Binding Obligation. Each of the Loan Documents and the Acquisition
Agreement has been duly executed and delivered by each Loan Party that is a party thereto and is the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its respective terms, except as may
be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability. 
  

	 	5.3	Financial Condition 

 Company has heretofore
delivered to Lenders, at Lenders’ request, the financial statements and information described in subsection 4.1D. All such statements other than pro 

  

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forma financial statements were prepared in conformity with GAAP and fairly present, in all material respects, the financial position (on a consolidated
basis) of the entities described in such financial statements as at the respective dates thereof and the results of operations and cash flows (on a consolidated basis) of the entities described therein for each of the periods then ended, subject, in
the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments. Except as set forth in Schedule 5.6 annexed hereto, neither Company nor any of its Subsidiaries has (and will not have
following the funding of the Loans made on the Restatement Date) any Contingent Obligation, contingent liability or liability for taxes, long-term lease or unusual forward or long-term commitment (other than any obligations arising under the Loan
Documents) that, as of the Restatement Date, is not reflected in the foregoing financial statements or the notes thereto and, as of any Funding Date subsequent to the Restatement Date, is not reflected in the most recent financial statements
delivered to Lenders pursuant to subsection 6.1 or the notes thereto and that, in any such case, is material in relation to the business, operations, properties, assets, condition (financial or otherwise) or prospects of Company or any of its
Subsidiaries. 
  

	 	5.4	No Material Adverse Change; No Restricted Junior Payments 

 Since December 31, 2006, no event or change has occurred that has resulted in, either in any case or in the aggregate, a Material Adverse Effect. 
  

	 	5.5	Title to Properties; Liens; Real Property; Intellectual Property 

 A. Title to Properties; Liens. Company and its Subsidiaries have (i) good, sufficient and legal title to (in the case of fee interests in real property), (ii) valid leasehold interests in (in the case
of leasehold interests in real or personal property), or (iii) good title to (in the case of all other personal property), all of their respective properties and assets reflected in the financial statements referred to in subsection 5.3 or in
the most recent financial statements delivered pursuant to subsection 6.1, in each case except for assets disposed of since the date of such financial statements in the ordinary course of business or as otherwise permitted under subsection 7.7.
Except as permitted by this Agreement, all such properties and assets are free and clear of Liens. 
 B. Intellectual Property. As of
the Restatement Date, Company and its Subsidiaries own or have the right to use, all Intellectual Property used in the conduct of their business, except where the failure to own or have such right to use in the aggregate could not reasonably be
expected to result in a Material Adverse Effect. No claim has been asserted and is pending by any Person challenging or questioning the use of any such Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor
does Company know of any valid basis for any such claim, except for such claims that in the aggregate could not reasonably be expected to result in a Material Adverse Effect. The use of such Intellectual Property by Company and its Subsidiaries does
not infringe on the rights of any Person, except for such claims and infringements that, in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. All material federal, state and foreign registrations of and
applications for Intellectual Property, and all material unregistered Intellectual Property, that are owned or licensed by Company or any of its Subsidiaries as of the Restatement Date are described on Schedule 5.5 annexed hereto. 

 

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	 	5.6	Litigation; Adverse Facts 

 Except as set
forth in Schedule 5.6 annexed hereto, there are no Proceedings (whether or not purportedly on behalf of Company or any of its Subsidiaries) at law or in equity, or before or by any court or other Government Authority (including any
Environmental Claims) that are pending or, to the knowledge of Company, threatened against or affecting Company or any of its Subsidiaries or any property of Company or any of its Subsidiaries that, individually or in the aggregate, could reasonably
be expected to result in a Material Adverse Effect. Neither Company nor any of its Subsidiaries (i) is in violation of any applicable laws (including Environmental Laws) that, individually or in the aggregate, could reasonably be expected to
result in a Material Adverse Effect, or (ii) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or other Government Authority that, individually or in the aggregate,
could reasonably be expected to result in a Material Adverse Effect. 
  

	 	5.7	Payment of Taxes 

 Except to the extent
permitted by subsection 6.3, all tax returns and reports of Company and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and payable and all assessments, fees and other
governmental charges upon Company and its Subsidiaries and upon their respective properties, assets, income, businesses and franchises that are due and payable have been paid when due and payable, except where the failure to pay could not reasonably
be expected to result in a Material Adverse Effect. Company knows of no proposed tax assessment against Company or any of its Subsidiaries that is not being actively contested by Company or such Subsidiary in good faith and by appropriate
proceedings; provided that such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor. 
  

	 	5.8	Governmental Regulation 

 Neither Company
nor any of its Subsidiaries is subject to regulation under the Federal Power Act, the Interstate Commerce Act or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur
Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. 
  

	 	5.9	Securities Activities 

 A. Neither
Company nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. 
 B. Following application of the proceeds of each Loan, not more than 25% of the value of the assets (either of Company only or of Company and its
Subsidiaries on a consolidated basis) subject to the provisions of subsection 7.2 or 7.7 or subject to any restriction contained in any agreement or instrument, between Company and any Lender or any Affiliate of any Lender, relating to Indebtedness
and within the scope of subsection 8.2, will be Margin Stock. 
  

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	 	5.10	Employee Benefit Plans 

 A. Company,
each of its Subsidiaries and each of their respective ERISA Affiliates are in material compliance with all applicable provisions and requirements of ERISA and the regulations and published interpretations thereunder with respect to each Employee
Benefit Plan, and have performed all their obligations under each Employee Benefit Plan. To the knowledge of Company and each of its Subsidiaries, each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Internal
Revenue Code is so qualified. 
 B. No ERISA Event has occurred or is reasonably expected to occur. 
 C. Except to the extent required under Section 4980B of the Internal Revenue Code, no Employee Benefit Plan provides health or welfare
benefits (through the purchase of insurance or otherwise) for any retired or former employee of Company, any of its Subsidiaries or any of their respective ERISA Affiliates. 
 D. Neither Company, any of its Subsidiaries nor any of their respective ERISA Affiliates sponsor or contribute to, nor have ever sponsored or
contributed to, any Pension Plan or Multiemployer Plan. 
  

	 	5.11	Certain Fees 

 No broker’s or
finder’s fee or commission will be payable with respect to this Agreement or any of the transactions contemplated hereby, and Company hereby indemnifies Lenders against, and agrees that it will hold Lenders harmless from, any claim, demand or
liability for any such broker’s or finder’s fees alleged to have been incurred in connection herewith or therewith and any expenses (including reasonable fees, expenses and disbursements of counsel) arising in connection with any such
claim, demand or liability. 
  

	 	5.12	Environmental Protection 

 Except as set
forth in Schedule 5.12 annexed hereto: 
 (i) neither Company nor any of its Subsidiaries nor any of their
respective Facilities or operations are subject to any outstanding written order, consent decree or settlement agreement with any Person relating to (a) any Environmental Law, (b) any Environmental Claim, or (c) any Hazardous
Materials Activity that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect; 
 (ii) neither Company nor any of its Subsidiaries has received any letter or request for information under Section 104 of the Comprehensive Environmental Response, Compensation, and Liability Act (42 U.S.C. § 9604) or any
comparable state law; 
 (iii) there are and, to Company’s knowledge, have been no conditions, occurrences, or Hazardous
Materials Activities that could reasonably be expected to form the basis of an Environmental Claim against Company or any of its Subsidiaries that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse
Effect; 
  

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 (iv) neither Company nor any of its Subsidiaries nor, to Company’s knowledge,
any predecessor of Company or any of its Subsidiaries has filed any notice under any Environmental Law indicating past or present treatment of Hazardous Materials at any Facility, and none of Company’s or any of its Subsidiaries’
operations involves the generation, transportation, treatment, storage or disposal of hazardous waste, as defined under 40 C.F.R. Parts 260-270 or any state equivalent; and 
 (v) compliance with all current Environmental Laws would not, individually or in the aggregate, be reasonably expected to result in a
Material Adverse Effect. 
  

	 	5.13	Employee Matters 

 There is no strike or
work stoppage in existence or threatened involving Company or any of its Subsidiaries that could reasonably be expected to result in a Material Adverse Effect. 
  

	 	5.14	Solvency 

 Each Loan Party is and, upon the
incurrence of any Obligations by such Loan Party on any date on which this representation is made, will be, Solvent. 
  

	 	5.15	Matters Relating to Collateral 

 A.
Governmental Authorizations. No authorization, approval or other action by, and no notice to or filing with, any Government Authority is required for either (i) the pledge or grant by any Loan Party of the Liens purported to be created in
favor of Administrative Agent pursuant to any of the Collateral Documents or (ii) the exercise by Administrative Agent of any rights or remedies in respect of any Collateral (whether specifically granted or created pursuant to any of the
Collateral Documents or created or provided for by applicable law), except for filings or recordings contemplated by the Collateral Documents and except as may be required, in connection with the disposition of any Pledged Collateral, by laws
generally affecting the offering and sale of securities. 
 B. Margin Regulations. The pledge of the Pledged Collateral pursuant to
the Collateral Documents does not violate Regulation T, U or X of the Board of Governors of the Federal Reserve System. 
 C. Information
Regarding Collateral. All information supplied to Administrative Agent by or on behalf of any Loan Party with respect to any of the Collateral (in each case taken as a whole with respect to any particular Collateral) is accurate and complete in
all material respects. 
  

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	 	5.16	Disclosure 

 No representation or warranty
of Company or any of its Subsidiaries contained in the Confidential Information Memorandum, in any Loan Document, the Acquisition Agreement or in any other document, certificate or written statement furnished to Lenders by or on behalf of Company or
any of its Subsidiaries for use in connection with the transactions contemplated by this Agreement contains any untrue statement of a material fact or omits to state a material fact (known to Company, in the case of any document not furnished by it)
necessary in order to make the statements contained herein or therein not misleading in light of the circumstances in which the same were made. Any projections and pro forma financial information contained in such materials are based upon good faith
estimates and assumptions believed by Company to be reasonable at the time made, it being recognized by Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered by
any such projections may differ from the projected results. There are no facts known (or which should upon the reasonable exercise of diligence be known) to Company that, individually or in the aggregate, could reasonably be expected to result in a
Material Adverse Effect and that have not been disclosed herein or in such other documents, certificates and statements furnished to Lenders for use in connection with the transactions contemplated hereby. 
  

	 	5.17	UFOC 

 (i) Company and each
of its Subsidiaries have delivered to Administrative Agent true and correct copies of the UFOC, which is currently being used in connection with the offers to sell and the sale of its and their franchises; and 
 (ii) the UFOC (a) complies in all material respects with all applicable laws, rules, regulations and orders of any Government
Authority pertaining to offers to sell and the sale of franchises in jurisdictions in which they are being used, including in the United States, the Uniform Franchise Offering Circular Guidelines adopted by the North American Securities
Administrators Association in April 25, 1993 and approved by the Federal Trade Commission on December 30, 1993 as an alternative to the Federal Trade Commission disclosure statement, and (b) does not contain any untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading; in all cases, except where any failure to
comply or an untrue statement or omission could not reasonably be expected to result in a Material Adverse Effect. 
  

	 	5.18	Acquisition Agreement 

 A. Delivery of
Acquisition Agreement. Company has delivered to Lenders complete and correct copies of the Acquisition Agreement and all exhibits and schedules thereto. 
 B. Warranties of Company. Subject to the qualifications set forth therein, each of the representations and warranties given by Company to Seller in the Acquisition Agreement is true and correct in all material
respects as of the date hereof and will be true and correct in all material respects as of the Restatement Date. 
  

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 C. Survival. Notwithstanding anything in the Acquisition Agreement to the contrary, the
representations and warranties of Company set forth in subsection 5.18B shall, solely for purposes of this Agreement, survive the Restatement Date for the benefit of Lenders. 
  

	 	5.19	Compliance with OFAC Rules and Regulations. 

 Neither Company, nor any Subsidiary or, to Company’s knowledge, any Affiliate of Company (i) is a Sanctioned Person, (ii) has any of its assets in Sanctioned Countries, or (iii) derives any of its operating income from
investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Loan hereunder will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any
payments to, a Sanctioned Person or a Sanctioned Country. 
  

	 	5.20	Foreign Assets Control Regulations, Etc. 

 Neither Company nor any Subsidiary 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. Neither Company nor any or Subsidiary 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. No Company nor any Subsidiary (i) is a blocked person described in Section 1 of the Anti-Terrorism Order or (ii) to the best of
Company’s knowledge, engages in any dealings or transactions, or is otherwise associated, with any such blocked person. 
 Section 6.
COMPANY’S AFFIRMATIVE COVENANTS 
 Company covenants and agrees that, so long as any of the Commitments hereunder shall remain in
effect and until payment in full of all of the Loans and other Obligations (other than Unasserted Obligations) and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior written consent, Company
shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 6. 
  

	 	6.1	Financial Statements and Other Reports 

 Company will maintain, and cause each of its Subsidiaries to maintain, a system of accounting established and administered in accordance with sound business practices to permit preparation of financial statements in conformity with GAAP.
Company will deliver to Administrative Agent and Lenders: 
 (i) Events of Default, etc.: promptly upon any officer of
Company obtaining knowledge (a) of any condition or event that constitutes an Event of Default or Potential Event of Default, or becoming aware that any Lender has given any notice (other than to Administrative Agent) or taken any other action
with respect to a claimed Event of Default or Potential Event of Default, (b) that any Person has given any notice to Company or any of its Subsidiaries or taken any other action with respect to a claimed default or event or condition of the
type referred to in subsection 8.2, (c) of any condition or event that would be required to be disclosed in a current report filed by Company with 

  

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the Securities and Exchange Commission on Form 8-K if Company were required to file such reports under the Exchange Act, or (d) of the occurrence of any
event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, an Officer’s Certificate specifying the nature and period of existence of such condition, event or change, or specifying the notice
given or action taken by any such Person and the nature of such claimed Event of Default, Potential Event of Default, default, event or condition, and what action Company has taken, is taking and proposes to take with respect thereto; 
 (ii) Quarterly Financials: as soon as available and in any event within 45 days after the end of each of the first three Fiscal
Quarters of each Fiscal Year, (a) the consolidated balance sheet of Company and its Subsidiaries as at the end of such Fiscal Quarter and the related consolidated statements of income, stockholders’ equity and cash flows of Company and its
Subsidiaries for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for the corresponding Fiscal
Quarters of the previous Fiscal Year, all in reasonable detail and certified by the chief financial officer of Company that they fairly present, in all material respects, the financial condition of Company and its Subsidiaries as at the dates
indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments, and (b) a narrative report describing the operations of Company and its
Subsidiaries in the form prepared for presentation to senior management for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter; 
 (iii) Year-End Financials: as soon as available and in any event within 90 days after the end of each Fiscal Year, (a) the
consolidated balance sheet of Company and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash flows of Company and its Subsidiaries for such Fiscal Year, setting
forth in each case in comparative form the corresponding figures for the previous Fiscal Year, all in reasonable detail and certified by the chief financial officer of Company that they fairly present, in all material respects, the financial
condition of Company and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, (b) a narrative report describing the operations of Company and its Subsidiaries in the form
prepared for presentation to senior management for such Fiscal Year, and (c) in the case of such consolidated financial statements, a report thereon of KPMG, LLP or other independent certified public accountants of recognized national standing
selected by Company and satisfactory to Administrative Agent, which report shall be unqualified, shall express no doubts, assumptions or qualifications concerning the ability of Company and its Subsidiaries to continue as a going concern, and shall
state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of Company and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for
the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants in connection with such consolidated financial
statements has been made in accordance with generally accepted auditing standards; 
  

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 (iv) Compliance Certificates: together with each delivery of financial
statements pursuant to subdivisions (ii) and (iii) above, (a) an Officer’s Certificate of Company stating that the signers have reviewed the terms of this Agreement and have made, or caused to be made under their supervision, a
review in reasonable detail of the transactions and condition of Company and its Subsidiaries during the accounting period covered by such financial statements and that such review has not disclosed the existence during or at the end of such
accounting period, and that the signers do not have knowledge of the existence as at the date of such Officer’s Certificate, of any condition or event that constitutes an Event of Default or Potential Event of Default, or, if any such condition
or event existed or exists, specifying the nature and period of existence thereof and what action Company has taken, is taking and proposes to take with respect thereto; and (b) in the case of financial statements delivered for a Fiscal Quarter
or a Fiscal Year, a Compliance Certificate demonstrating in reasonable detail compliance during and at the end of the applicable accounting periods with the restrictions contained in subsection 7.6, in each case to the extent compliance with
such restrictions is required to be tested at the end of the applicable accounting period; 
 (v) Reconciliation
Statements: if, as a result of any change in accounting principles and policies from those used in the preparation of the audited financial statements referred to in subsection 5.3, the consolidated financial statements of Company and its
Subsidiaries delivered pursuant to subdivisions (ii), (iii) or (xii) of this subsection 6.1 will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no
such change in accounting principles and policies been made, then (a) together with the first delivery of financial statements pursuant to subdivision (ii), (iii) or (xii) of this subsection 6.1 following such change, consolidated
financial statements of Company and its Subsidiaries for (y) the current Fiscal Year to the effective date of such change and (z) the two full Fiscal Years immediately preceding the Fiscal Year in which such change is made, in each case
prepared on a pro forma basis as if such change had been in effect during such periods, and (b) together with each delivery of financial statements pursuant to subdivision (ii), (iii) or (xii) of this subsection 6.1 following such
change, if required pursuant to subsection 1.2, a written statement of the chief accounting officer or chief financial officer of Company setting forth the differences (including any differences that would affect any calculations relating to the
financial covenants set forth in subsection 7.6) which would have resulted if such financial statements had been prepared without giving effect to such change; 
 (vi) Accountants’ Certification: together with each delivery of consolidated financial statements pursuant to subdivision
(iii) above, a written statement by the independent certified public accountants giving the report thereon (a) stating that their audit examination has included a review of the terms of this Agreement and the other Loan Documents as they
relate to accounting matters, (b) stating whether, in connection with their audit examination, any condition or event that constitutes an Event of Default or Potential Event of Default has come to their attention and, if such a condition or
event has come to their attention, specifying the nature and period of existence thereof; provided that such accountants shall not be liable by reason of any failure to obtain knowledge of any such Event of Default or Potential Event of
Default that would not be 

  

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disclosed in the course of their audit examination, and (c) stating that based on their audit examination nothing has come to their attention that
causes them to believe either or both that the information contained in the certificates delivered therewith pursuant to subdivision (iv) above is not correct or that the matters set forth in the Compliance Certificates delivered therewith
pursuant to clause (b) of subdivision (iv) above for the applicable Fiscal Year are not stated in accordance with the terms of this Agreement; 
 (vii) Accountants’ Reports: promptly upon receipt thereof (unless restricted by applicable professional standards), copies of all reports submitted to Company by independent certified public accountants in
connection with each annual, interim or special audit of the financial statements of Company and its Subsidiaries made by such accountants, including any comment letter submitted by such accountants to management in connection with their annual
audit; 
 (viii) Securities and Exchange Commission Filings and Press Releases: promptly upon their becoming available,
copies of (a) all financial statements, reports, notices and proxy statements sent or made available generally by Company to its security holders or by any Subsidiary of Company to its security holders other than Company or another Subsidiary
of Company, (b) all regular and periodic reports and all registration statements (other than on Form S-8 or a similar form) and prospectuses, if any, filed by Company or any of its Subsidiaries with any securities exchange or with the
Securities and Exchange Commission or any governmental or private regulatory authority, and (c) all press releases and other statements made available generally by Company or any of its Subsidiaries to the public concerning material
developments in the business of Company or any of its Subsidiaries; 
 (ix) Litigation or Other Proceedings: promptly
upon, and in any event no later than five days after, any Officer of Company obtaining knowledge of (1) the institution of, or receipt in writing of notice of a non-frivolous threat of, any Proceeding against or affecting Company or any of its
Subsidiaries or any property of Company or any of its Subsidiaries not previously disclosed in writing by Company to Lenders or (2) any material development in any Proceeding that, in any case: 
 (x) has a reasonable possibility of (A) giving rise to liability of, or claims against or affecting, Company or any of its
Subsidiaries equal to or greater than $2,500,000 or (B) otherwise giving rise to a Material Adverse Effect; or 
 (y)
seeks to enjoin or otherwise prevent the consummation of, or to recover any damages or obtain relief as a result of, the transactions contemplated hereby; 
 written notice thereof together with such other information as may be reasonably available to Company to enable Lenders and their counsel to evaluate such matters; 
 (x) ERISA Events: promptly upon becoming aware of the occurrence of or forthcoming occurrence of any ERISA Event, a written notice
specifying the nature 

  

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thereof, what action Company, any of its Subsidiaries or any of their respective ERISA Affiliates has taken, is taking or proposes to take with respect
thereto and, when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto; 
 (xi) ERISA Notices: with reasonable promptness, copies of (a) all notices received by Company, any of its Subsidiaries or any of their respective ERISA Affiliates from a Multiemployer Plan sponsor
concerning an ERISA Event; and (b) copies of such other documents or governmental reports or filings relating to any Employee Benefit Plan as Administrative Agent shall reasonably request; 
 (xii) Financial Plans: as soon as practicable and in any event no later than 30 days after the beginning of each Fiscal Year, a
consolidated plan and financial forecast for such Fiscal Year, including (a) a forecasted consolidated balance sheet and forecasted consolidated statements of income and cash flows of Company and its Subsidiaries for such Fiscal Year, together
with an explanation of the assumptions on which such forecasts are based, (b) forecasted consolidated statements of income and cash flows of Company and its Subsidiaries for each Fiscal Quarter of such Fiscal Year, together with an explanation
of the assumptions on which such forecasts are based, and (c) such other financial information as Administrative Agent may reasonably request; 
 (xiii) Insurance: as soon as practicable after any material change in insurance coverage maintained by Company and its Subsidiaries notice thereof to Administrative Agent specifying the changes and reasons
therefor; 
 (xiv) Governing Body: with reasonable promptness, written notice of any change in the Governing Body of
Company; 
 (xv) New Subsidiaries: promptly, and in any event within 30 days after any Person becoming a Subsidiary of
Company, a written notice setting forth with respect to such Person (a) the date on which such Person became a Subsidiary of Company and (b) all of the data required to be set forth in Schedule 5.1 annexed hereto with respect to all
Subsidiaries of Company; and 
 (xvi) Other Information: with reasonable promptness, such other information and data
with respect to Company or any of its Subsidiaries as from time to time may be reasonably requested by any Lender. 
 Financial statements
and other documents required to be delivered pursuant to this subsection 6.1 (to the extent any such financial statements or other documents are included in reports or other materials otherwise filed with the Securities and Exchange Commission)
may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date on which (1) Company posts such financial statements or other documents, or provides a link thereto, on Company’s website on the
Internet or (2) such financial statements or other documents are posted on Company’s behalf on an Internet or intranet website, if any, to which each Lender and Administrative Agent have access (whether a commercial, third-party website or
whether sponsored by Administrative Agent); provided that (x) Company shall deliver paper 

  

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copies of such financial statements and other documents to Administrative Agent or any Lender that requests Company to deliver such paper copies until a
written request to cease delivering paper copies is given by Administrative Agent or such Lender, as the case may be, and (y) Company shall notify Administrative Agent of the posting of any such financial statements and other documents and
provide to Administrative Agent electronic versions thereof. 
  

	 	6.2	Existence, etc. 

 Except as permitted under
subsection 7.7, Company will, and will cause each of its Subsidiaries to, at all times preserve and keep in full force and effect its existence in the jurisdiction of organization specified on Schedule 5.1 and all rights and franchises
material to its business; provided, however that neither Company nor any of its Subsidiaries shall be required to preserve any such right or franchise if the Governing Body of Company or such Subsidiary shall determine that the
preservation thereof is no longer desirable in the conduct of the business of Company or such Subsidiary, as the case may be, and that the loss thereof is not disadvantageous in any material respect to Company, such Subsidiary or Lenders.

  

	 	6.3	Payment of Taxes and Claims; Tax 

 A.
Company will, and will cause each of its Subsidiaries to, pay all taxes, assessments and other governmental charges imposed upon it or any of its properties or assets or in respect of any of its income, businesses or franchises before any
penalty accrues thereon, and all claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a Lien upon any of its properties or assets, prior to the time when
any penalty or fine shall be incurred with respect thereto; provided that no such tax, assessment, charge or claim need be paid if it is being contested in good faith by appropriate proceedings promptly instituted and diligently conducted, so
long as (i) such reserve or other appropriate provision, if any, as shall be required in conformity with GAAP shall have been made therefor and (ii) in the case of a tax, assessment, charge or claim which has or may become a Lien against
any of the Collateral, such proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such charge or claim. 
 B. Company will not, nor will it permit any of its Subsidiaries to, file or consent to the filing of any consolidated income tax return with any Person (other than Company or any of its Subsidiaries). 
  

	 	6.4	Maintenance of Properties; Insurance; Application of Net Insurance/ Condemnation Proceeds 

 A. Maintenance of Properties. Company will, and will cause each of its Subsidiaries to, maintain or cause to be maintained in good repair, working
order and condition, ordinary wear and tear excepted, all material properties used or useful in the business of Company and its Subsidiaries (including all Intellectual Property) and from time to time will make or cause to be made all appropriate
repairs, renewals and replacements thereof. 
 B. Insurance. Company will maintain or cause to be maintained, with financially sound
and reputable insurers, such public liability insurance, third party property damage insurance, business interruption insurance and casualty insurance with respect to 

  

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liabilities, losses or damage in respect of the assets, properties and businesses of Company and its Subsidiaries as may customarily be carried or maintained
under similar circumstances by corporations of established reputation engaged in similar businesses, in each case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks and otherwise on such terms and
conditions as shall be customary for corporations similarly situated in the industry. Each such policy of insurance shall name Administrative Agent for the benefit of Lenders as an additional insured thereunder as its interests may appear. In
connection with the renewal of each such policy of insurance, Company promptly shall deliver to Administrative Agent a certificate from Company’s insurance broker or other evidence satisfactory to Administrative Agent that Administrative Agent
on behalf of Lenders has been named as additional insured. 
 C. Application of Net Insurance/Condemnation Proceeds. 
 (i) Business Interruption Insurance. Upon receipt by Company or any of its Subsidiaries of any business interruption insurance
proceeds constituting Net Insurance/Condemnation Proceeds, (a) so long as no Event of Default or Potential Event of Default shall have occurred and be continuing, Company or such Subsidiary may retain and apply such Net Insurance/Condemnation
Proceeds for working capital purposes, and (b) if an Event of Default or Potential Event of Default shall have occurred and be continuing, Company shall apply an amount equal to such Net Insurance/Condemnation Proceeds to prepay the Loans (but
without any reduction in the Revolving Loan Commitment Amount) as provided in subsections 2.4A and 2.4C. 
 (ii) Net
Insurance/Condemnation Proceeds. Upon receipt by Company or any of its Subsidiaries of any amount in excess of $10,000,000 in the aggregate of Net Insurance/Condemnation Proceeds other than from business interruption insurance (such excess
amount being referred to herein as “Excess Net Insurance/Condemnation Proceeds”), Company shall apply an amount equal to such Excess Net Insurance/Condemnation Proceeds to prepay the Loans (and/or the Revolving Loan Commitment
Amount shall be reduced) as provided in subsection 2.4A; provided that so long as no Event of Default or Potential Event of Default shall have occurred and be continuing, Company may, or may cause one or more of its Subsidiaries to, promptly
and diligently apply such Excess Net Insurance/Condemnation Proceeds to pay or reimburse or establish reserves for the costs of repairing, restoring or replacing the assets in respect of which such Excess Net Insurance/Condemnation Proceeds were
received or acquiring or repairing other fixed or capital assets useful and necessary in its business, to the extent not so applied, to prepay the Loans (and/or the Revolving Loan Commitments shall be reduced) as provided in subsection 2.4A;
provided, however, if (a) Company, within 180 days of receipt of such Excess Net Insurance/Condemnation Proceeds, has not used all or any portion of such Excess Net Insurance/Condemnation Proceeds as provided above and has not
delivered to Administrative Agent evidence reasonably satisfactory to Administrative Agent that Company has entered into one or more binding contractual commitments to so use such Excess Net Insurance/Condemnation Proceeds, (b) Company, within
360 days after the date of receipt of such Excess Net Insurance/Condemnation Proceeds, has not used all or any portion of such Excess Net Insurance/Condemnation Proceeds or (c) an Event of Default or Potential Event of 

  

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Default shall have occurred and be continuing, Company shall apply an amount equal to such Excess Net Insurance/Condemnation Proceeds to prepay the Loans
(and/or the Revolving Loan Commitments shall be reduced) as provided in subsection 2.4A. 
  

	 	6.5	Inspection Rights; Lender Meeting 

 A.
Inspection Rights. Company shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated by Administrative Agent (which representative may be accompanied by any authorized representative designated by any
Lender) to visit and inspect any of the properties of Company or of any of its Subsidiaries, to inspect, copy and take extracts from its and their financial and accounting records, and to discuss its and their affairs, finances and accounts with its
and their officers and independent public accountants (provided that Company may, if it so chooses, be present at or participate in any such discussion), all upon reasonable notice and at such reasonable times during normal business hours and as
often as may reasonably be requested or at any time or from time to time following the occurrence and during the continuation of an Event of Default. 
 B. Lender Meeting. Company will, upon the request of Administrative Agent or Requisite Lenders, participate in a meeting of Administrative Agent and Lenders once during each Fiscal Year to be held at
Company’s principal offices (or at such other location as may be agreed to by Company and Administrative Agent) at such time as may be agreed to by Company and Administrative Agent. 
  

	 	6.6	Compliance with Laws, etc. 

 Company shall
comply, and shall cause each of its Subsidiaries and all other Persons on or occupying any Facilities to comply, with the requirements of all applicable laws, rules, regulations and orders of any Government Authority (including all Environmental
Laws), noncompliance with which could reasonably be expected to result in, individually or in the aggregate, a Material Adverse Effect. 
  

	 	6.7	Environmental Matters 

 A. Environmental
Disclosure. Company will deliver to Administrative Agent and Lenders: 
 (i) Notice of Certain Releases, Remedial
Actions, Etc. Promptly upon, and in any event no later than five Business Days after, the occurrence thereof, written notice describing in reasonable detail (a) any Release required to be reported to any Government Authority under any
applicable Environmental Laws that could reasonably be expected to result in a Material Adverse Effect, (b) any remedial action taken by Company or any other Person in response to (1) any Hazardous Materials Activities the existence of
which could reasonably be expected to result in one or more Environmental Claims that could reasonably be expected to result in a Material Adverse Effect or (2) any Environmental Claims that could reasonably be expected to result in a Material
Adverse Effect, and (c) Company’s discovery of any occurrence or condition on any real property adjoining or in the vicinity of any Facility that could reasonably be expected to cause such Facility or any part thereof to be subject to any
restrictions on the ownership, occupancy, transferability or use thereof under any Environmental Laws. 
  

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 (ii) Written Communications Regarding Environmental Claims, Releases, Etc. As
soon as practicable following the sending or receipt thereof by Company or any of its Subsidiaries, a copy of any and all written communications with respect to (a) any Environmental Claims that could reasonably be expected to result in a
Material Adverse Effect and (b) any request for information from any Government Authority that suggests such Government Authority is investigating whether Company or any of its Subsidiaries may be potentially responsible for any Hazardous
Materials Activity that could reasonably be expected to result in a Material Adverse Effect. 
 (iii) Notice of Certain
Proposed Actions Having Environmental Impact. Prompt written notice describing in reasonable detail any proposed acquisition of stock, assets, or property by Company or any of its Subsidiaries that could reasonably be expected to (1) expose
Company or any of its Subsidiaries to, or result in, Environmental Claims that could reasonably be expected to result in a Material Adverse Effect or (2) affect the ability of Company or any of its Subsidiaries to maintain in full force and
effect all Governmental Authorizations required under any Environmental Laws for their respective operations. 
 B. Company’s
Actions Regarding Hazardous Materials Activities, Environmental Claims and Violations of Environmental Laws. 
 (i)
Remedial Actions Relating to Hazardous Materials Activities. Company shall, in compliance with all applicable Environmental Laws, promptly undertake, and shall cause each of its Subsidiaries promptly to undertake, any and all investigations,
studies, sampling, testing, abatement, cleanup, removal, remediation or other response actions necessary to remove, remediate, clean up or abate any Hazardous Materials Activity on, under or about any Facility that is in violation of any
Environmental Laws or that presents a reasonable risk of giving rise to an Environmental Claim. 
 (ii) Actions with
Respect to Environmental Claims and Violations of Environmental Laws. Company shall promptly take, and shall cause each of its Subsidiaries promptly to take, any and all actions necessary to (a) cure any violation of applicable
Environmental Laws by Company or its Subsidiaries and (b) make an appropriate response to any Environmental Claim against Company or any of its Subsidiaries. 
  

	 	6.8	Execution of Subsidiary Guaranty and Collateral Documents After the Restatement Date 

 A. Execution of Subsidiary Guaranty and Collateral Documents. In the event that any Person becomes a Subsidiary of Company after the Restatement
Date, Company will promptly notify Administrative Agent of that fact and cause such Subsidiary to execute and deliver to Administrative Agent a counterpart of the Subsidiary Guaranty and Pledge Agreement and to take all such further actions and
execute all such further documents and instruments 

  

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(including actions, documents and instruments comparable to those described in subsection 4.1I) as may be necessary or, in the opinion of Administrative
Agent, reasonably desirable to create in favor of Administrative Agent, for the benefit of Lenders, a valid and perfected First Priority Lien on all of the Capital Stock of the Subsidiaries of such Subsidiary. In addition, Company shall, or shall
cause the Subsidiary that owns the Capital Stock of such Person to, execute and deliver to Administrative Agent a counterpart or supplement to the Pledge Agreement, as appropriate, and to deliver to Administrative Agent all certificates representing
such Capital Stock of such Person (accompanied by irrevocable undated stock powers, duly endorsed in blank). 
 B. Foreign Subsidiaries.
Notwithstanding the provisions of subsection 6.8A, (i) no Foreign Subsidiary shall be required to execute and deliver the Subsidiary Guaranty or the Pledge Agreement, and (ii) no Capital Stock of a Foreign Subsidiary shall be required
to be pledged pursuant to the provisions of the Pledge Agreement, in each case to the extent material adverse Tax consequences to Company could reasonably be expected to result therefrom, it being understood and agreed that a pledge by Company or a
Subsidiary Guarantor of 66% of the Capital Stock of a Foreign Subsidiary will not cause material adverse Tax consequences to Company. 
 C. Subsidiary Organizational Documents, Legal Opinions, Etc. Company shall deliver to Administrative Agent, together with such Loan Documents, (i) certified copies of such Subsidiary’s Organizational Documents, together
with, if such Subsidiary is a Domestic Subsidiary, a good standing certificate from the Secretary of State of the jurisdiction of its organization and, to the extent generally available, a certificate or other evidence of good standing as to payment
of any applicable franchise or similar taxes from the appropriate taxing authority of such jurisdiction, each to be dated a recent date prior to their delivery to Administrative Agent, (ii) a certificate executed by the secretary or similar
officer of such Subsidiary as to (a) the fact that the attached resolutions of the Governing Body of such Subsidiary approving and authorizing the execution, delivery and performance of such Loan Documents are in full force and effect and have
not been modified or amended and (b) the incumbency and signatures of the officers of such Subsidiary executing such Loan Documents, and (iii) to the extent requested by Administrative Agent, a favorable opinion of counsel to such
Subsidiary, in form and substance satisfactory to Administrative Agent and its counsel, as to (a) the due organization and good standing of such Subsidiary, (b) the due authorization, execution and delivery by such Subsidiary of such Loan
Documents, (c) the enforceability of such Loan Documents against such Subsidiary and (d) such other matters (including matters relating to the creation and perfection of Liens in any Collateral pursuant to such Loan Documents) as
Administrative Agent may reasonably request, all of the foregoing to be satisfactory in form and substance to Administrative Agent and its counsel. 
 Section 7. COMPANY’S NEGATIVE COVENANTS 
 Company covenants and agrees that, so long as any of the Commitments
hereunder shall remain in effect and until payment in full of all of the Loans and other Obligations (other than Unasserted Obligations) and the cancellation or expiration of all Letters of Credit, unless Requisite Lenders shall otherwise give prior
written consent, Company shall perform, and shall cause each of its Subsidiaries to perform, all covenants in this Section 7. 
  

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	 	7.1	Indebtedness 

 Company shall not, and shall
not permit any of its Subsidiaries to, directly or indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or indirectly liable with respect to, any Indebtedness, except: 
 (i) Company may become and remain liable with respect to the Obligations; 
 (ii) Company and its Subsidiaries may become and remain liable with respect to Contingent Obligations permitted by subsection 7.4 and,
upon any matured obligations actually arising pursuant thereto, the Indebtedness corresponding to the Contingent Obligations so extinguished; 
 (iii) Company and its Subsidiaries may become and remain liable with respect to Indebtedness in respect of Capital Leases in an aggregate amount, together with the aggregate principal amount of any Indebtedness
outstanding pursuant to subsection 7.1(vi), not to exceed $5,000,000 at any one time; 
 (iv) Company may become and remain
liable with respect to Indebtedness to any wholly-owned Domestic Subsidiary, and any wholly-owned Domestic Subsidiary may become and remain liable with respect to Indebtedness to Company or any Domestic Subsidiary; provided that (a) a
security interest in all such intercompany Indebtedness shall have been granted to Administrative Agent for the benefit of Lenders and (b) if such intercompany Indebtedness is evidenced by a promissory note or other instrument, such promissory
note or instrument shall have been pledged to Administrative Agent pursuant to the Security Agreement; 
 (v) Company and its
Subsidiaries, as applicable, may remain liable with respect to Indebtedness described in Schedule 7.1 annexed hereto and any extensions, renewals and refinancings of such Indebtedness; provided that the principal amount of such
Indebtedness (including guaranteed Indebtedness) being extended, renewed or refinanced is not increased; and 
 (vi) Company
and its Subsidiaries may become and remain liable with respect to other Indebtedness, including Indebtedness secured by Liens permitted by subsection 7.2A(ii), in an aggregate principal amount, together with the aggregate amount of any Indebtedness
outstanding pursuant to subsection 7.1(iii), not to exceed $5,000,000 at any time outstanding. 
  

	 	7.2	Liens and Related Matters 

 A.
Prohibition on Liens. Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property or asset of any kind (including any document
or instrument in respect of goods or accounts receivable) of Company or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to remain in effect, any
financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the UCC or under any similar recording or notice statute, except: 
 (i) Permitted Encumbrances; 
  

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 (ii) Liens to secure the payment of all or any part of the purchase price of an asset
upon the acquisition of such asset by Company or a Subsidiary or to secure any Indebtedness permitted by subsection 7.1(vi) incurred by Company or a Subsidiary at the time of or within ninety days after the acquisition of such asset, which
Indebtedness is incurred for the purpose of financing all or any part of the purchase price thereof; provided, however, that the Lien shall apply only to the asset so acquired and proceeds thereof; 
 (iii) Liens described in Schedule 7.2 annexed hereto or incurred in connection with the extension, renewal or refinancing of
the Indebtedness secured by such Liens; provided that any extension, renewal or replacement Lien shall be limited to the property encumbered by such Lien and the principal amount of the Indebtedness being extended, renewed or refinanced is
not increased; and 
 (iv) other Liens on equipment, Cash or Cash Equivalents with an aggregate fair market value, when
combined with the aggregate fair market value of assets subject to Liens permitted by subsections 7.2A(ii) and 7.2A(iii) and clause (viii) of the definition of “Permitted Encumbrances”, not to exceed $5,000,000 at any time
outstanding. 
 B. No Further Negative Pledges. Neither Company nor any of its Subsidiaries shall enter into any agreement
prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other than (i) this Agreement and the other Loan Documents, (ii) an agreement prohibiting only the creation
of Liens securing Subordinated Indebtedness, (iii) any agreement evidencing Indebtedness secured by Liens permitted by subsections 7.2A(ii), 7.2A(iii) and 7.2A(iv), as to the assets securing such Indebtedness, and (iv) any agreement
evidencing an asset sale, as to the assets being sold. 
 C. No Restrictions on Subsidiary Distributions to Company or Other
Subsidiaries. Company will not, and will not permit any of its Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any such Subsidiary to
(i) pay dividends or make any other distributions on any of such Subsidiary’s Capital Stock owned by Company or any other Subsidiary of Company, (ii) repay or prepay any Indebtedness owed by such Subsidiary to Company or any other
Subsidiary of Company, (iii) make loans or advances to Company or any other Subsidiary of Company, or (iv) transfer any of its property or assets to Company or any other Subsidiary of Company, except (a) as provided in this Agreement
and (b), as to transfers of assets, as may be provided in an agreement with respect to a sale of such assets. 
  

	 	7.3	Investments; Acquisitions 

 Company shall
not, and shall not permit any of its Subsidiaries to, directly or indirectly, make or own any Investment in any Person, including any Joint Venture, or acquire, by purchase or otherwise, all or substantially all the business, property or fixed
assets of, or Capital Stock of any Person, or any division or line of business of any Person except: 
 (i) Company and its
Subsidiaries may make and own Investments in Cash and Cash Equivalents; 
  

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 (ii) Company and its wholly-owned Domestic Subsidiaries may make and own additional
equity Investments in their respective wholly-owned Domestic Subsidiaries; 
 (iii) Company and its Domestic Subsidiaries may
make intercompany loans to the extent permitted under subsection 7.1(iv); 
 (iv) Company and its Subsidiaries may make
Consolidated Capital Expenditures (including acquisitions of Ruth’s Chris restaurants from Ruth’s Chris franchisees) if no Default or Potential Event of Default exists at the time of or would result after giving effect to any such
Consolidated Capital Expenditure; provided that in the case of any acquisition of a Ruth’s Chris restaurant (a) such restaurant is wholly-owned by Company or a Subsidiary of Company upon consummation of such acquisition and
(b) after giving effect to any such acquisition and the related adjustments (on a reasonable and prudent pro forma basis in accordance with the standards set forth under Article 11 of Regulation S-X under the Securities Act) as
determined in writing by the chief executive officer or chief financial officer of Company, as if such acquisition had occurred on the first day of the most recent twelve-month period for which Company’s results of operations are available,
Company would be in compliance with the covenant set forth in subsection 7.6A and the Consolidated Leverage Ratio would be at least 0.25 below the Consolidated Leverage Ratio required as of such date pursuant to subsection 7.6B, and Company has
delivered to Administrative Agent an Officer’s Certificate so stating and attaching financial information and calculations in form and substance reasonably satisfactory to Administrative Agent required to confirm such statement; 
 (v) Company and its Subsidiaries may continue to own the Investments owned by them and described in Schedule 7.3 annexed
hereto; and 
 (vi) Company and its Subsidiaries may make acquisitions of all the Capital Stock of a Person or substantially
all of the assets of a Person provided that (a) such Person is in the same or similar line of business as Company and its Subsidiaries, (b) no Default or Potential Event of Default exists at the time of or would result after giving effect
to such acquisition, (c) the sole consideration for such acquisition consists of common stock of Company, (d) the prior effective written consent to or approval of such acquisition from the board of directors or equivalent governing body
of such Person is obtained and (e) after giving effect to any such acquisition and the related adjustments (on a reasonable and prudent pro forma basis in accordance with the standards set forth under Article 11 of Regulation S-X
under the Securities Act) as determined in writing by the chief executive officer or chief financial officer of Company, as if such acquisition had occurred on the first day of the most recent twelve-month period for which 

  

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Company’s results of operations are available, Company would be in compliance with the covenant set forth in subsection 7.6A and the Consolidated
Leverage Ratio would be at least 0.25 below the Consolidated Leverage Ratio required as of such date pursuant to subsection 7.6B, and Company has delivered to Administrative Agent an Officer’s Certificate so stating and attaching financial
information and calculations in form and substance reasonably satisfactory to Administrative Agent required to confirm such statement. 
  

	 	7.4	Contingent Obligations 

 Company shall not,
and shall not permit any of its Subsidiaries to, directly or indirectly, create or become or remain liable with respect to any Contingent Obligation, except: 
 (i) Company may become and remain liable with respect to Contingent Obligations in respect of Letters of Credit; 
 (ii) Company may become and remain liable with respect to Contingent Obligations under Hedge Agreements; provided that such Hedge
Agreements are not entered into for speculative purposes and are treated as Hedge Agreements under GAAP; 
 (iii) Company and
its Subsidiaries, as applicable, may remain liable with respect to Contingent Obligations described in Schedule 7.4 annexed hereto; 
 (iv) Company and its Subsidiaries may become and remain liable in respect of Contingent Obligations with respect to which the primary obligor is a Subsidiary Guarantor or Company and the primary obligation is
permitted by this Agreement; and 
 (v) Company and its Subsidiaries may become and remain liable in respect of Contingent
Obligations arising in connection with any settlement entered into with the landlord under the lease of the Manhattan UN Facility in an aggregate amount not to exceed $4,000,000, provided that not more than $2,000,000 of such Contingent Obligations
could become payable on or prior to the Revolving Loan Commitment Termination Date. 
  

	 	7.5	Restricted Junior Payments  

 Company shall
not, and shall not permit any of its Subsidiaries to, directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Junior Payment; provided that (i) Company may make Restricted Junior Payments so long as no
Event of Default shall have occurred and be continuing or shall be caused thereby in an aggregate amount not to exceed $3,000,000 in any Fiscal Year (a) for purposes of paying dividends on Company’s common stock or (b) to the extent
necessary to permit Company to repurchase shares of Capital Stock of Company (or options or warrants to acquire Capital Stock of Company) from former officers, directors or employees of Company or any of its Subsidiaries following the death,
disability or termination of employment of such officers, directors or employees, and (ii) Company may repurchase shares of its common stock in an aggregate amount not to exceed $50,000,000 so long as, after giving effect to any such
repurchase, (a) the Consolidated Leverage Ratio, calculated on a pro forma basis, does not exceed 3.00 to 1.00, and (b) the Revolving Loan Commitment Amount exceeds the Total Utilization of Revolving Loan Commitments by at least
$15,000,000. 
  

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	 	7.6	Financial Covenants 

 A. Minimum Adjusted
Fixed Charge Coverage Ratio. Company shall not permit the ratio of (i) Consolidated EBITDAR minus (a) taxes based on income of Company and its Subsidiaries on a consolidated basis paid in Cash and (b) Consolidated
Maintenance Capital Expenditures to (ii) Consolidated Fixed Charges, in each case, for any four consecutive Fiscal Quarter period to be less than 1.50:1.00. 
 B. Maximum Consolidated Leverage Ratio. Company shall not permit the Consolidated Leverage Ratio as at any date to exceed 3.50:1.00. 
  

	 	7.7	Restriction on Fundamental Changes; Asset Sales 

 Company shall not, and shall not permit any of its Subsidiaries to, alter the corporate, capital or legal structure of Company or any of its Subsidiaries, or enter into any transaction of merger or consolidation, or liquidate, wind-up or
dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or sub-lease (as lessor or sublessor), transfer or otherwise dispose of, in one transaction or a series of transactions, all or any part of its business, property or
assets (including its notes or receivables and Capital Stock of a Subsidiary, whether newly issued or outstanding), whether now owned or hereafter acquired, except: 
 (i) any Subsidiary of Company may be merged with or into Company or any wholly-owned Subsidiary Guarantor, or be liquidated, wound up or
dissolved, or all or any part of its business, property or assets may be conveyed, sold, leased, transferred or otherwise disposed of, in one transaction or a series of transactions, to Company or any wholly-owned Subsidiary Guarantor;
provided that, in the case of such a merger, Company or such wholly-owned Subsidiary Guarantor shall be the continuing or surviving Person; 
 (ii) Company and its Subsidiaries may sell or otherwise dispose of assets in transactions that do not constitute Asset Sales; provided that the consideration received for such assets shall be in an amount at
least equal to the fair market value thereof; 
 (iii) Company and its Subsidiaries may dispose of obsolete, worn out or
surplus property in the ordinary course of business; 
 (iv) in order to resolve disputes that occur in the ordinary course of
business, Company and its Subsidiaries may discount or otherwise compromise for less than the face value thereof, notes or accounts receivable; 
 (v) Company and its Subsidiaries may sell or dispose of shares of Capital Stock of any of its Subsidiaries in order to qualify members of the Governing Body of the Subsidiary if required by applicable law; 

 

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 (vi) Company and its Subsidiaries may (a) make dispositions permitted pursuant
to subsection 7.9, (b) sell or otherwise transfer the Metarie Offices and (c) make other Asset Sales of assets having a fair market value not to exceed $15,000,000 in the aggregate, in each case provided that (1) the consideration
received for such assets shall be in the form of Cash or Cash Equivalents in an amount at least equal to the fair market value thereof, (2) the proceeds of such dispositions or other Asset Sales shall be applied as required by subsection
2.4A(iii)(a), and (3) after giving effect to each such Asset Sale, on a reasonable and prudent pro forma basis (in accordance with the standards set forth in Article 11 of Regulation S-X under the Securities Act) as determined by the
chief executive officer or chief financial officer of Company, as if such Asset Sale had occurred on the first day of the most recent twelve-month period for which Company’s results of operations are available, Company would be in compliance
with the covenants set forth in subsection 7.6, and Company has delivered to Administrative Agent an Officer’s Certificate so stating and attaching financial information and calculations in form and substance satisfactory to Administrative
Agent required to confirm such statement, provided that no such Officer’s Certificate or related information and calculations shall be required to be delivered to Administrative Agent in the case of any Asset Sale of a restaurant made in
connection with a relocation of such restaurant within the same metropolitan area if the new relocated restaurant is open at the time of such Asset Sale; and 
 (vii) any Person may be merged with or into any Subsidiary if the acquisition of the Capital Stock of such Person by such Subsidiary would
have been permitted pursuant to subsection 7.3; provided that if a Subsidiary is not the surviving or continuing Person, the surviving Person becomes a Subsidiary and complies with the provisions of subsection 6.8 and (b) no Potential
Event of Default or Event of Default shall have occurred or be continuing after giving effect thereto. 
  

	 	7.8	Transactions with Shareholders and Affiliates 

 Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with
any holder of 5% or more of any class of equity Securities of Company or with any Affiliate of Company or of any such holder, on terms that are less favorable to Company or that Subsidiary, as the case may be, than those that might be obtained at
the time from Persons who are not such a holder or Affiliate; provided that the foregoing restriction shall not apply to (i) any transaction between Company and any of its wholly-owned Subsidiaries or between any of its wholly-owned
Subsidiaries or (ii) reasonable and customary fees paid to members of the Governing Bodies of Company and its Subsidiaries. 
  

	 	7.9	Sales and Lease-Backs 

 Company shall not,
and shall not permit any of its Subsidiaries to, directly or indirectly, become or remain liable as lessee or as a 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, (i) that Company or any of its Subsidiaries has sold or transferred or is to sell or transfer to any other Person (other than Company or any of 

  

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its Subsidiaries) or (ii) that Company or any of its Subsidiaries intends to use for substantially the same purpose as any other property that has been
or is to be sold or transferred by Company or any of its Subsidiaries to any Person (other than Company or any of its Subsidiaries) in connection with such lease; provided, however, that Company and its Subsidiaries may engage in such sale and
lease-back transactions if all of the following conditions are satisfied: (a) any asset sold or otherwise transferred and leased back in such transaction by Company and its Subsidiaries was acquired in connection with the development of a
Ruth’s Chris restaurant, (b) such sale and lease-back transaction is consummated no later than one year after the opening of such Ruth’s Chris restaurant, (c) in the case of such transactions involving the sale or other transfer
of assets owned by Company or any of its Subsidiaries on or prior to the Restatement Date, the proceeds of such sale or transfer are promptly applied as required by subsection 2.4A(iii)(a), and (d) in the case of such transactions involving the
sale or other transfer of assets not owned by Company or any of its Subsidiaries on or prior to the Restatement Date, the proceeds of such sale or transfer are promptly applied by Company to prepay outstanding Revolving Loans (without a reduction in
the Revolving Loan Commitment Amount) to the full extent thereof in accordance with subsection 2.4A(i). 
  

	 	7.10	Conduct of Business 

 From and after the
Restatement Date, Company shall not, and shall not permit any of its Subsidiaries to, engage in any business other than (i) the businesses engaged in by Company and its Subsidiaries on the Restatement Date and similar or related businesses and
(ii) such other lines of business as may be consented to by Requisite Lenders. 
  

	 	7.11	Amendments of Organizational Documents 

 Neither Company nor any of its Subsidiaries will amend any Organizational Document after the Restatement Date in a manner that is adverse to the rights of Lenders under the Loan Documents without in each case obtaining the prior written
consent of Requisite Lenders to such amendment. 
  

	 	7.12	Fiscal Year 

 Company shall not change its
Fiscal Year-end from the last Sunday in December of each calendar year. 
  

	 	7.13	UFOC 

 Company shall not fail to maintain
the UFOC in compliance with the representation and warranty contained subsection 5.17. 
 Section 8. EVENTS OF DEFAULT 
 If any of the following conditions or events (“Events of Default”) shall occur: 
  

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	 	8.1	Failure to Make Payments When Due 

 Failure
by Company to pay any installment of principal of any Loan when due, whether at stated maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; failure by Company to pay when due any amount payable to
Issuing Lender in reimbursement of any drawing under a Letter of Credit; or failure by Company to pay any interest on any Loan or any fee or any other amount due under this Agreement within five Business Days after the date due; or 
  

	 	8.2	Default in Other Agreements 

 (i) Failure of Company or any of its Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one or more items of Indebtedness (other than Indebtedness referred to in subsection 8.1) or
Contingent Obligations in an individual principal amount of $2,500,000 or more or with an aggregate principal amount of $2,500,000 or more, in each case beyond the end of any grace period provided therefor; or 
 (ii) breach or default by Company or any of its Subsidiaries with respect to any other material term of (a) one or more items of
Indebtedness or Contingent Obligations in the individual or aggregate principal amounts referred to in clause (i) above or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness or
Contingent Obligation(s), if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness or Contingent Obligation(s) (or a trustee on behalf of such holder or holders) to cause, that Indebtedness or
Contingent Obligation(s) to become or be declared due and payable prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be (upon the giving or receiving of notice, lapse of time, both, or otherwise); or

  

	 	8.3	Breach of Certain Covenants 

 Failure of
Company to perform or comply with any term or condition contained in subsection 2.5, 6.1(i) or 6.2 or Section 7 of this Agreement; or 
  

	 	8.4	Breach of Warranty 

 Any representation,
warranty, certification or other statement made by Company or any of its Subsidiaries in any Loan Document or in any statement or certificate at any time given by Company or any of its Subsidiaries in writing pursuant hereto or thereto or in
connection herewith or therewith shall be false in any material respect on the date as of which made; or 
  

	 	8.5	Other Defaults Under Loan Documents 

 Any
Loan Party shall default in the performance of or compliance with any term contained in this Agreement or any of the other Loan Documents, other than any such term referred to in any other subsection of this Section 8, and such default shall
not have been remedied or waived within thirty days after the earlier of (i) an Officer of Company or such Loan Party becoming aware of such default or (ii) receipt by Company and such Loan Party of notice from Administrative Agent or any
Lender of such default; or 
  

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	 	8.6	Involuntary Bankruptcy; Appointment of Receiver, etc. 

 (i) A court having jurisdiction in the premises shall enter a decree or order for relief in respect of Company or any of its Subsidiaries in an involuntary case under the Bankruptcy Code or under any other applicable
bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar relief shall be granted under any applicable federal or state law; or 
 (ii) an involuntary case shall be commenced against Company or any of its Subsidiaries under the Bankruptcy Code or under any other
applicable bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having
similar powers over Company or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of
Company or any of its Subsidiaries for all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of Company or any of its Subsidiaries, and
any such event described in this clause (ii) shall continue for 60 days unless dismissed, bonded or discharged; or 
  

	 	8.7	Voluntary Bankruptcy; Appointment of Receiver, etc. 

 (i) Company or any of its Subsidiaries shall have an order for relief entered with respect to it or commence a voluntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar
law now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, or shall consent to the appointment of or taking
possession by a receiver, trustee or other custodian for all or a substantial part of its property; or Company or any of its Subsidiaries shall make any assignment for the benefit of creditors; or 
 (ii) Company or any of its Subsidiaries shall be unable, or shall fail generally, or shall admit in writing its inability, to pay its
debts as such debts become due; or the Governing Body of Company or any of its Subsidiaries (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any of the actions referred to in clause (i) above or
this clause (ii); or 
  

	 	8.8	Judgments and Attachments 

 Any money
judgment, writ or warrant of attachment or similar process involving (i) in any individual case an amount in excess of $2,500,000 or (ii) in the aggregate at any time an amount in excess of $2,500,000, in either case to the extent not
adequately covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage, shall be entered or filed against Company or any of its Subsidiaries or any of their respective assets and shall remain undischarged,
unvacated, unbonded or unstayed for a period of 60 days (or in any event later than five days prior to the date of any proposed sale thereunder); or 
  

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	 	8.9	Nonmonetary Judgments 

 Any nonmonetary
judgment, writ or warrant of attachment or similar process that could reasonably be expected to result in a Material Adverse Effect shall be entered or filed against Company or any of its Subsidiaries or any of their respective assets and shall
remain undischarged, unvacated, unbonded or unstayed for a period of 60 days (or in any event later than five days prior to the date of any proposed sale thereunder); or 
  

	 	8.10	Dissolution 

 Any order, judgment or decree
shall be entered against Company or any of its Subsidiaries decreeing the dissolution or split up of Company or that Subsidiary and such order shall remain undischarged or unstayed for a period in excess of 30 days; or 
  

	 	8.11	Employee Benefit Plans 

 There shall occur
one or more ERISA Events that individually or in the aggregate result in or might reasonably be expected to result in liability of Company, any of its Subsidiaries or any of their respective ERISA Affiliates in excess of $2,500,000 during the term
of this Agreement; or Company, any of its Subsidiaries or any of their respective Affiliates shall adopt or become obligated to contribute to any Pension Plan or Multiemployer Plan; or 
  

	 	8.12	Change in Control 

 A Change in Control
shall have occurred; or 
  

	 	8.13	Invalidity of Loan Documents; Failure of Security; Repudiation of Obligations 

 At any time after the execution and delivery thereof, (i) any Loan Document or any provision thereof, for any reason other than the satisfaction in
full of all Obligations, shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void, (ii) Administrative Agent shall not have or shall cease to have a valid and perfected First
Priority Lien in any Collateral purported to be covered by the Collateral Documents, in each case for any reason other than the failure of Administrative Agent or any Lender to take any action within its control, or (iii) any Loan Party shall
contest the validity or enforceability of any Loan Document or any provision thereof in writing or deny in writing that it has any further liability, including with respect to future advances by Lenders, under any Loan Document or any provision
thereof to which it is a party; or 
  

	 	8.14	Failure to Consummate Acquisition 

 The
Acquisition shall not be consummated in accordance with this Agreement and the Acquisition Agreement concurrently with the making of the Loans on the Restatement Date, or the Acquisition shall be unwound, reversed or otherwise rescinded in whole or
in substantial part for any reason: 
  

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 THEN (i) upon the occurrence of any Event of Default described in subsection 8.6 or 8.7,
each of (a) the unpaid principal amount of and accrued interest on the Loans, (b) an amount equal to the maximum amount that may at any time be drawn under all Letters of Credit then outstanding (whether or not any beneficiary under any
such Letter of Credit shall have presented, or shall be entitled at such time to present, the drafts or other documents or certificates required to draw under such Letter of Credit), and (c) all other Obligations shall automatically become
immediately due and payable, without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly waived by Company, and the obligation of each Lender to make any Loan, the obligation of Administrative Agent to
issue any Letter of Credit and the right of Issuing Lender to issue any Letter of Credit hereunder shall thereupon terminate, and (ii) upon the occurrence and during the continuation of any other Event of Default, Administrative Agent shall,
upon the written request or with the written consent of Requisite Lenders, by written notice to Company, declare all or any portion of the amounts described in clauses (a) through (c) above to be, and the same shall forthwith become,
immediately due and payable, and the obligation of each Lender to make any Loan, the obligation of Issuing Lender to issue any Letter of Credit hereunder shall thereupon terminate; provided that the foregoing shall not affect in any way the
obligations of Revolving Lenders under subsection 3.3C(i) or the obligations of Revolving Lenders to purchase assignments of any unpaid Swing Line Loans as provided in subsection 2.1A(ii). 
 Any amounts described in clause (b) above, when received by Administrative Agent, shall be held by Administrative Agent pursuant to the terms of
the Pledge Agreement and shall be applied as therein provided. 
 Section 9. ADMINISTRATIVE AGENT 
  

	 	9.1	Appointment 

 A. Appointment of
Administrative Agent. Wells Fargo is hereby appointed Administrative Agent hereunder and under the other Loan Documents. Each Lender hereby authorizes Administrative Agent to act as its agent in accordance with the terms of this Agreement and
the other Loan Documents. Wells Fargo agrees to act upon the express conditions contained in this Agreement and the other Loan Documents, as applicable. The provisions of this Section 9 are solely for the benefit of Agents and Lenders and no
Loan Party shall have rights as a third party beneficiary of any of the provisions thereof. In performing its functions and duties under this Agreement, Administrative Agent (other than as provided in subsection 2.1D) shall act solely as an agent of
Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for Company or any other Loan Party. 
 Administrative Agent may execute any of its duties under this Agreement or any other Loan Document by or through agents, employees or attorneys-in-fact
appointed by Administrative Agent in its sole discretion. Administrative Agent and any such sub-agent may perform any and all of the duties of Administrative Agent and exercise the rights and powers of 

  

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Administrative Agent by or through their respective Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of
such Person’s Affiliates (“Related Parties”). The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of Administrative Agent and any such sub-agent. 
 B. Appointment of Supplemental Collateral Agents. It is the purpose of this Agreement and the other Loan Documents that there shall be no
violation of any law of any jurisdiction denying or restricting the right of banking corporations or associations to transact business as agent or trustee in such jurisdiction. It is recognized that in case of litigation under this Agreement or any
of the other Loan Documents, and in particular in case of the enforcement of any of the Loan Documents, or in case Administrative Agent deems that by reason of any present or future law of any jurisdiction it may not exercise any of the rights,
powers or remedies granted herein or in any of the other Loan Documents or take any other action which may be desirable or necessary in connection therewith, it may be necessary that Administrative Agent appoint an additional individual or
institution as a separate trustee, co-trustee, collateral agent or collateral co-agent (any such additional individual or institution being referred to herein individually as a “Supplemental Collateral Agent” and collectively as
“Supplemental Collateral Agents”). 
 In the event that Administrative Agent appoints a Supplemental Collateral Agent with
respect to any Collateral, (i) each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or conveyed to Administrative Agent with respect to such
Collateral shall be exercisable by and vest in such Supplemental Collateral Agent to the extent, and only to the extent, necessary to enable such Supplemental Collateral Agent to exercise such rights, powers and privileges with respect to such
Collateral and to perform such duties with respect to such Collateral, and every covenant and obligation contained in the Loan Documents and necessary to the exercise or performance thereof by such Supplemental Collateral Agent shall run to and be
enforceable by either Administrative Agent or such Supplemental Collateral Agent, and (ii) the provisions of this Section 9 and of subsections 10.2 and 10.3 that refer to Administrative Agent shall inure to the benefit of such Supplemental
Collateral Agent and all references therein to Administrative Agent shall be deemed to be references to Administrative Agent and/or such Supplemental Collateral Agent, as the context may require. 
 Should any instrument in writing from Company or any other Loan Party be required by any Supplemental Collateral Agent so appointed by Administrative
Agent for more fully and certainly vesting in and confirming to him or it such rights, powers, privileges and duties, Company shall, or shall cause such Loan Party to, execute, acknowledge and deliver any and all such instruments promptly upon
request by Administrative Agent. In case any Supplemental Collateral Agent, or a successor thereto, shall die, become incapable of acting, resign or be removed, all the rights, powers, privileges and duties of such Supplemental Collateral Agent, to
the extent permitted by law, shall vest in and be exercised by Administrative Agent until the appointment of a new Supplemental Collateral Agent. 
 C. Control. Each Lender and Administrative Agent hereby appoint each other Lender as agent for the purpose of perfecting Administrative Agent’s security interest in assets that, in accordance with the UCC, can be perfected by
possession or control. 
  

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	 	9.2	Powers and Duties; General Immunity 

 A.
Powers; Duties Specified. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Loan Documents as are specifically
delegated or granted to Administrative Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Administrative Agent shall have only those duties and responsibilities that are
expressly specified in this Agreement and the other Loan Documents. Administrative Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. Administrative Agent shall not have, by reason of
this Agreement or any of the other Loan Documents, a fiduciary relationship in respect of any Lender or Company; and nothing in this Agreement or any of the other Loan Documents, expressed or implied, is intended to or shall be so construed as to
impose upon Administrative Agent any obligations in respect of this Agreement or any of the other Loan Documents except as expressly set forth herein or therein. 
 B. No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution, effectiveness, genuineness, validity, enforceability, collectibility or sufficiency of this Agreement or
any other Loan Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral statements or in any financial or other statements, instruments, reports or certificates or any other
documents furnished or made by such Agent to Lenders or by or on behalf of Company to such Agent or any Lender in connection with the Loan Documents and the transactions contemplated thereby or for the financial condition or business affairs of
Company or any other Person liable for the payment of any Obligations, nor shall such Agent be required to ascertain or inquire as to the performance or observance of any of the terms, conditions, provisions, covenants or agreements contained in any
of the Loan Documents or as to the use of the proceeds of the Loans or the use of the Letters of Credit or as to the existence or possible existence of any Event of Default or Potential Event of Default. Anything contained in this Agreement to the
contrary notwithstanding, Administrative Agent shall not have any liability arising from confirmations of the amount of outstanding Loans or the Letter of Credit Usage or the component amounts thereof. 
 C. Exculpatory Provisions. No Agent or any of its officers, directors, employees or agents shall be liable to Lenders for any action taken or
omitted by such Agent under or in connection with any of the Loan Documents except to the extent caused by such Agent’s gross negligence or willful misconduct. An Agent shall be entitled to refrain from any act or the taking of any action
(including the failure to take an action) in connection with this Agreement or any of the other Loan Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until such Agent shall have
received instructions in respect thereof from Requisite Lenders (or such other Lenders as may be required to give such instructions under subsection 10.6) and, upon receipt of such instructions from Requisite Lenders (or such other Lenders, as the
case may be), such Agent shall be entitled to act or (where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such instructions; provided that no Agent shall be required to take any
action that, in its opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable law. Without prejudice to the generality of the 

  

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foregoing, (i) each Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication (including any electronic message,
Internet or intranet website posting or other distribution), instrument or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in
relying on opinions and judgments of attorneys (who may be attorneys for Company and its Subsidiaries), accountants, experts and other professional advisors selected by it; and (ii) no Lender shall have any right of action whatsoever against an
Agent as a result of such Agent acting or (where so instructed) refraining from acting under this Agreement or any of the other Loan Documents in accordance with the instructions of Requisite Lenders (or such other Lenders as may be required to give
such instructions under subsection 10.6). 
 D. Agents Entitled to Act as Lender. The agency hereby created shall in no way impair or
affect any of the rights and powers of, or impose any duties or obligations upon, an Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans and the Letters of Credit, an Agent shall have the same
rights and powers hereunder as any other Lender and may exercise the same as though it were not performing the duties and functions delegated to it hereunder, and the term “Lender” or “Lenders” or any similar term shall, unless
the context clearly otherwise indicates, include each Agent in its individual capacity. An Agent and its Affiliates may accept deposits from, lend money to, acquire equity interests in and generally engage in any kind of commercial banking,
investment banking, trust, financial advisory or other business with Company or any of its Affiliates as if it were not performing the duties specified herein, and may accept fees and other consideration from Company for services in connection with
this Agreement and otherwise without having to account for the same to Lenders. 
  

	 	9.3	Independent Investigation by Lenders; No Responsibility For Appraisal of Creditworthiness 

 Each Lender agrees that it has made its own independent investigation of the financial condition and affairs of Company and its Subsidiaries in
connection with the making of the Loans and the issuance of Letters of Credit hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Company and its Subsidiaries. No Agent shall have any duty or
responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its
possession before the making of the Loans or at any time or times thereafter, and no Agent shall have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders. 
  

	 	9.4	Right to Indemnity 

 Each Lender, in
proportion to its Pro Rata Share, severally agrees to indemnify each Agent and its officers, directors, employees, agents, attorneys, professional advisors and Affiliates to the extent that any such Person shall not have been reimbursed by Company,
for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements and fees and disbursements of any financial advisor engaged by Agents) or
disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against an Agent or such other Person in exercising 

  

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the powers, rights and remedies of an Agent or performing duties of an Agent hereunder or under the other Loan Documents or otherwise in its capacity as
Agent in any way relating to or arising out of this Agreement or the other Loan Documents; provided that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of an Agent resulting solely from such Agent’s gross negligence or willful misconduct as determined by a final judgment of a court of competent jurisdiction. If any indemnity furnished to an Agent or any other such
Person for any purpose shall, in the opinion of such Agent, be insufficient or become impaired, such Agent may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished.

  

	 	9.5	Resignation of Agents; Successor Administrative Agent and Swing Line Lender 

 A. Resignation; Successor Administrative Agent. Any Agent may resign at any time by giving 30 days’ prior written notice thereof to Lenders
and Company. Upon any such notice of resignation by Administrative Agent, Requisite Lenders shall have the right, upon five Business Days’ notice to Company, to appoint a successor Administrative Agent. If no such successor shall have been so
appointed by Requisite Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, the retiring Administrative Agent may, on behalf of Lenders, appoint a successor
Administrative Agent. If Administrative Agent shall notify Lenders and Company that no Person has accepted such appointment as successor Administrative Agent, such resignation shall nonetheless become effective in accordance with Administrative
Agent’s notice and (i) the retiring Administrative Agent shall be discharged from its duties and obligations under the Loan Documents, except that any Collateral held by Administrative Agent will continue to be held by it until a Person
shall have accepted the appointment of successor Administrative Agent, and (ii) all payments, communications and determinations provided to be made by, to or through Administrative Agent shall instead be made by, to or through each Lender
directly, until such time as Requisite Lenders appoint a successor Administrative Agent in accordance with this subsection 9.5A. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, that
successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent and the retiring Administrative Agent shall be discharged from its duties and
obligations under this Agreement (if not already discharged as set forth above). After any retiring Agent’s resignation hereunder, the provisions of this Section 9 shall inure to its benefit as to any actions taken or omitted to be taken
by it while it was an Agent under this Agreement. 
 B. Successor Swing Line Lender. Any resignation of Administrative Agent pursuant
to subsection 9.5A shall also constitute the resignation of Wells Fargo or its successor as Swing Line Lender, and any successor Administrative Agent appointed pursuant to subsection 9.5A shall, upon its acceptance of such appointment, become the
successor Swing Line Lender for all purposes hereunder. In such event (i) Company shall prepay any outstanding Swing Line Loans made by the retiring Administrative Agent in its capacity as Swing Line Lender, (ii) upon such prepayment, the
retiring Administrative Agent and Swing Line Lender shall surrender any Swing Line Note held by it to Company for cancellation, and (iii) if so requested by the successor Administrative Agent and Swing Line Lender in accordance with subsection
2.1E, 

  

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Company shall issue a Swing Line Note to the successor Administrative Agent and Swing Line Lender substantially in the form of Exhibit VI annexed
hereto, in the amount of the Swing Line Loan Commitment then in effect and with other appropriate insertions. 
  

	 	9.6	Collateral Documents and Subsidiary Guaranty 

 Each Lender (which term shall include, for purposes of this subsection 9.6, any Swap Counterparty) hereby further authorizes (and, with respect to actions taken prior to the Restatement Date, ratifies the actions taken by) Administrative
Agent, on behalf of and for the benefit of Lenders, to enter into each Collateral Document as secured party and to be the agent for and representative of Lenders under the Subsidiary Guaranty, and each Lender agrees to be bound by the terms of each
Collateral Document and the Subsidiary Guaranty; provided that Administrative Agent shall not (i) enter into or consent to any material amendment, modification, termination or waiver of any provision contained in any Collateral Document
or the Subsidiary Guaranty or (ii) release any Collateral (except as otherwise expressly permitted or required pursuant to the terms of this Agreement or the applicable Collateral Document), in each case without the prior consent of Requisite
Lenders (or, if required pursuant to subsection 10.6, all Lenders); provided further, however, that, without further written consent or authorization from Lenders, Administrative Agent may execute any documents or
instruments necessary to (a) release any Lien encumbering any item of Collateral that is the subject of a sale or other disposition of assets permitted by this Agreement or to which Requisite Lenders have otherwise consented, (b) release
any Subsidiary Guarantor from the Subsidiary Guaranty if all of the Capital Stock of such Subsidiary Guarantor is sold to any Person (other than an Affiliate of Company) pursuant to a sale or other disposition permitted hereunder or to which
Requisite Lenders have otherwise consented or (c) subordinate the Liens of Administrative Agent, on behalf of Lenders, to any Liens permitted by subsection 7.2A (except for Liens permitted by clause (iv) thereof); provided
that, in the case of a sale of such item of Collateral or stock referred to in subdivision (a) or (b), the requirements of subsection 10.14 are satisfied. Anything contained in any of the Loan Documents to the contrary notwithstanding,
Company, Administrative Agent and each Lender hereby agree that (1) no Lender shall have any right individually to realize upon any of the Collateral under any Collateral Document or to enforce the Subsidiary Guaranty, it being understood and
agreed that all powers, rights and remedies under the Collateral Documents and the Subsidiary Guaranty may be exercised solely by Administrative Agent for the benefit of Lenders in accordance with the terms of the Collateral Documents and the
Subsidiary Guaranty, and (2) in the event of a foreclosure by Administrative Agent on any of the Collateral pursuant to a public or private sale, Administrative Agent or any Lender may be the purchaser of any or all of such Collateral at any
such sale and Administrative Agent, as agent for and representative of Lenders (but not any Lender or Lenders in its or their respective individual capacities unless Requisite Lenders shall otherwise agree in writing) shall be entitled, for the
purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of the purchase price for any collateral
payable by Administrative Agent at such sale. 
 Without derogating from any other authority granted to Administrative Agent herein or in
the Collateral Documents or any other document relating thereto, each Lender hereby specifically (i) authorizes Administrative Agent to enter into pledge agreements, security 

  

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agreements or any other agreements or instruments pursuant to this subsection 9.6 with respect to the Capital Stock of any existing and future Foreign
Subsidiaries, which agreements or instruments may be governed by the laws of each of the jurisdictions of formation of such Foreign Subsidiaries, as agent on behalf of each Lender, with the effect that Lenders each become a secured party thereunder
and (ii) appoints Administrative Agent as its attorney-in-fact granting it the powers to execute each such agreement or instrument and any registrations of the security interest thereby created, in each case in its name and on its behalf, with
the effect that each Lender becomes a secured party thereunder. With respect to each such pledge agreement, Administrative Agent has the power to sub-delegate to third parties its powers as attorney-in-fact of each Lender. 
  

	 	9.7	Duties of Other Agents 

 To the extent that
any Lender is identified in this Agreement as a co-agent, documentation agent or syndication agent, such Lender shall not have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all
Lenders as such. Without limiting the foregoing, none of such Lenders shall have or be deemed to have a fiduciary relationship with any Lender. 
  

	 	9.8	Administrative Agent May File Proofs of Claim 

 In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to Company or any of the Subsidiaries of Company, Administrative
Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether Administrative Agent shall have made any demand on Company) shall be entitled and
empowered, by intervention in such proceeding or otherwise 
 (i) to file and prove a claim for the whole amount of principal
and interest owing and unpaid in respect of the Loans and any other Obligations that are owing and unpaid and to file such other papers or documents as may be necessary or advisable in order to have the claims of Lenders and Agents (including any
claim for the reasonable compensation, expenses, disbursements and advances of Lenders and Agents and their agents and counsel and all other amounts due Lenders and Agents under subsections 2.3 and 10.2) allowed in such judicial proceeding, and

 (ii) to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the
same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Lender to make such payments to Administrative Agent and, in the event that Administrative Agent shall consent to the making of such payments directly to Lenders, to pay to Administrative Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of Agents and their agents and counsel, and any other amounts due Agents under subsections 2.3 and 10.2. 
 Nothing herein contained shall be deemed to authorize Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, 

  

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arrangement, adjustment or composition affecting the Obligations or the rights of any Lenders or to authorize Administrative Agent to vote in respect of the
claim of any Lender in any such proceeding. 
 Section 10. MISCELLANEOUS 
  

	 	10.1	Successors and Assigns; Assignments and Participations in Loans and Letters of Credit 

 A. General. This Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure to the benefit of
the parties hereto and the successors and assigns of Lenders (it being understood that Lenders’ rights of assignment are subject to the further provisions of this subsection 10.1). Neither Company’s rights or obligations hereunder nor any
interest therein may be assigned or delegated by Company without the prior written consent of all Lenders (and any attempted assignment or transfer by Company without such consent shall be null and void). No sale, assignment or transfer or
participation of any Letter of Credit or any participation therein may be made separately from a sale, assignment, transfer or participation of a corresponding interest in the Revolving Loan Commitment and the Revolving Loans of the Revolving Lender
effecting such sale, assignment, transfer or participation. Anything contained herein to the contrary notwithstanding, except as provided in subsection 2.1A(ii) and subsection 10.5, the Swing Line Loan Commitment and the Swing Line Loans of Swing
Line Lender may not be sold, assigned or transferred as described below to any Person other than a successor Administrative Agent and Swing Line Lender to the extent contemplated by subsection 9.5. 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 and, to the extent expressly contemplated hereby, the Affiliates of each of Administrative Agent and Lenders and
Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
 B. Assignments. 
 (i) Amounts and Terms of Assignments. Any Lender may assign to one or more Eligible Assignees all or any portion of its rights and
obligations under this Agreement; provided that (a), except (1) in the case of an assignment of the entire remaining amount of the assigning Lender’s rights and obligations under this Agreement or (2) in the case of an
assignment to a Lender or an Affiliate of a Lender or an Approved Fund of a Lender, the aggregate amount of the Revolving Loan Exposure of the assigning Lender and the assignee subject to each such assignment shall not be less than $5,000,000
(aggregating concurrent assignments to two or more Affiliated Funds for purposes of determining such minimum amount), unless each of Administrative Agent and, so long as no Potential Event of Default or Event of Default has occurred and is
continuing, Company otherwise consents (each such consent not to be unreasonably withheld or delayed), (b) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations
under this Agreement with respect to the Loan or the Commitment assigned, and any assignment of all or any portion of a Revolving Loan Commitment, Revolving Loan or Letter of Credit participation shall be made only as an assignment of the same
proportionate part of the 

  

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assigning Lender’s Revolving Loan Commitment, Revolving Loans and Letter of Credit participations, (c) the parties to each assignment shall execute
and deliver to Administrative Agent an Assignment Agreement, together with a processing and recordation fee of $3,500 (unless the assignee is an Affiliate or an Approved Fund of the assignor, in which case no fee shall be required); provided
that only one such fee shall be required in connection with concurrent assignments to two or more Affiliated Funds, and the Eligible Assignee, if it shall not be a Lender, shall deliver to Administrative Agent information reasonably requested by
Administrative Agent, including such forms, certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such Assignment Agreement may be required to deliver to Administrative
Agent pursuant to subsection 2.7B(iv) and (d), except in the case of an assignment to another Lender, an Affiliate of a Lender or an Approved Fund of a Lender, Administrative Agent and, if no Potential Event of Default or Event of Default has
occurred and is continuing, Company, shall have consented thereto (which consent shall not be unreasonably withheld). 
 Upon
such execution, delivery and consent, from and after the effective date specified in such Assignment Agreement, (y) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to
it pursuant to such Assignment Agreement, shall have the rights and obligations of a Lender hereunder and (z) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such
Assignment Agreement, relinquish its rights (other than any rights which survive the termination of this Agreement under subsection 10.9B) and be released from its obligations under this Agreement (and, in the case of an Assignment Agreement
covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto; provided that, anything contained in any of the Loan Documents to the contrary
notwithstanding, if such Lender is Issuing Lender such Lender shall continue to act as Issuing Lender until it resigns or is removed as provided in Subsection 10.21). The assigning Lender shall, upon the effectiveness of such assignment or as
promptly thereafter as practicable, surrender its Notes, if any, to Administrative Agent for cancellation, and thereupon new Notes shall, if so requested by the assignee and/or the assigning Lender in accordance with subsection 2.1E, be issued to
the assignee and/or to the assigning Lender, substantially in the form of Exhibit V annexed hereto, with appropriate insertions, to reflect the amounts of the new Commitments and/or outstanding Revolving Loans of the assignee and/or the
assigning Lender. Other than as provided in subsection 2.1A(ii) and subsection 10.5, any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection 10.1B shall be treated for purposes
of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection 10.1C. 
 (ii) Acceptance by Administrative Agent; Recordation in Register. Upon its receipt of an Assignment Agreement executed by an assigning Lender and an assignee representing that it is an Eligible Assignee, together with the processing
and recordation fee referred to in subsection 10.1B(i) and any forms, certificates or other evidence with respect to United States federal income tax withholding matters that such assignee may 

  

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be required to deliver to Administrative Agent pursuant to subsection 2.7B(iv), Administrative Agent shall, if Administrative Agent and Company have
consented to the assignment evidenced thereby (in each case to the extent such consent is required pursuant to subsection 10.1B(i)), (a) accept such Assignment Agreement by executing a counterpart thereof as provided therein (which acceptance
shall evidence any required consent of Administrative Agent to such assignment), (b) record the information contained therein in the Register, and (c) give prompt notice thereof to Company. Administrative Agent shall maintain a copy of
each Assignment Agreement delivered to and accepted by it as provided in this subsection 10.1B(ii). 
 (iii) Deemed Consent
by Company. If the consent of Company to an assignment or to an Eligible Assignee is required hereunder (including a consent to an assignment which does not meet the minimum assignment thresholds specified in subsection 10.1B(i)), Company shall
be deemed to have given its consent five Business Days after the date notice thereof has been delivered by the assigning Lender (through Administrative Agent) unless such consent is expressly refused by Company prior to such fifth Business Day.

 C. Participations. Any Lender may, without the consent of, or notice to, Company or Administrative Agent, sell participations to
one or more Persons (other than a natural Person or Company or any of its Affiliates) in all or a portion of such Lender’s rights and/or obligations under this Agreement; provided that (i) such Lender’s obligations under this
Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) Company, Administrative Agent and Lenders shall continue to deal solely and
directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right
to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree
to any amendment, modification or waiver directly affecting (i) the extension of the scheduled final maturity date of any Loan allocated to such participation or (ii) a reduction of the principal amount of or the rate of interest payable
on any Loan allocated to such participation. Subject to the further provisions of this subsection 10.1C, Company agrees that each Participant shall be entitled to the benefits of subsections 2.6D and 2.7 to the same extent as if it were a Lender and
had acquired its interest by assignment pursuant to subsection 10.1B. To the extent permitted by law, each Participant also shall be entitled to the benefits of subsection 10.4 as though it were a Lender, provided such Participant agrees to be
subject to subsection 10.5 as though it were a Lender. A Participant shall not be entitled to receive any greater payment under subsections 2.6D and 2.7 than the applicable Lender would have been entitled to receive with respect to the participation
sold to such Participant unless the sale of the participation to such Participant is made with Company’s prior written consent. No Participant shall be entitled to the benefits of subsection 2.7 unless Company is notified of the participation
sold to such Participant and such Participant agrees, for the benefit of Company, to comply with subsection 2.7B(iv) as though it were a Lender. 
 D. Pledges and Assignments. Any Lender may at any time pledge or assign a security interest in all or any portion of its Loans, and the other Obligations owed to such 

  

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Lender, to secure obligations of such Lender, including any pledge or assignment to secure obligations to any Federal Reserve Bank; provided that
(i) no Lender shall be relieved of any of its obligations hereunder as a result of any such assignment or pledge and (ii) in no event shall any assignee or pledgee be considered to be a “Lender” or be entitled to require the
assigning Lender to take or omit to take any action hereunder. 
 E. Information. Each Lender may furnish any information concerning
Company and its Subsidiaries in the possession of that Lender from time to time to assignees and participants (including prospective assignees and participants), subject to subsection 10.19. 
 F. Agreements of Lenders. Each Lender listed on the signature pages hereof hereby agrees, and each Lender that becomes a party hereto pursuant to
an Assignment Agreement shall be deemed to agree, (i) that it is an Eligible Assignee described in clause (ii) of the definition thereof; (ii) that it has experience and expertise in the making of or purchasing loans such as the
Loans; and (iii) that it will make or purchase Loans for its own account in the ordinary course of its business and without a view to distribution of such Loans within the meaning of the Securities Act or the Exchange Act or other federal
securities laws (it being understood that, subject to the provisions of this subsection 10.1, the disposition of such Loans or any interests therein shall at all times remain within its exclusive control). 
  

	 	10.2	Expenses 

 Whether or not the transactions
contemplated hereby shall be consummated, Company agrees to pay promptly (i) all reasonable costs and expenses of negotiation, preparation and execution of the Loan Documents and any consents, amendments, waivers or other modifications thereto;
(ii) all costs and expenses of furnishing all opinions by counsel for Company (including any opinions requested by Agents or Lenders as to any legal matters arising hereunder) and of Company’s performance of and compliance with all
agreements and conditions on its part to be performed or complied with under this Agreement and the other Loan Documents including with respect to confirming compliance with environmental, insurance and solvency requirements; (iii) all
reasonable fees, expenses and disbursements of counsel to Administrative Agent (including allocated costs of internal counsel) in connection with the negotiation, preparation, execution and administration of the Loan Documents and any consents,
amendments, waivers or other modifications thereto and any other documents or matters requested by Company; (iv) all costs and expenses of creating and perfecting Liens in favor of Administrative Agent on behalf of Lenders pursuant to any
Collateral Document, including filing and recording fees, expenses and taxes, stamp or documentary taxes, search fees, and reasonable fees, expenses and disbursements of counsel to Administrative Agent and of counsel providing any opinions that
Administrative Agent or Requisite Lenders may request in respect of the Collateral Documents or the Liens created pursuant thereto; (v) all costs and expenses incurred by Administrative Agent in connection with the custody or preservation of
any of the Collateral; (vi) all other reasonable costs and expenses incurred by Administrative Agent in connection with the syndication of the Commitments; (vii) all costs and expenses, including reasonable attorneys’ fees (including
allocated costs of internal counsel) and fees, costs and expenses of accountants, advisors and consultants, incurred by Administrative Agent and its counsel relating to efforts to (a) evaluate or assess any Loan Party, its business or financial
condition and (b) protect, evaluate, assess or dispose of any of the Collateral; and (viii) all costs and expenses, including reasonable 

  

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attorneys’ fees (including allocated costs of internal counsel), fees, costs and expenses of accountants, advisors and consultants and costs of
settlement, incurred by Administrative Agent and Lenders in enforcing any Obligations of or in collecting any payments due from any Loan Party hereunder or under the other Loan Documents (including in connection with the sale of, collection from, or
other realization upon any of the Collateral or the enforcement of the Loan Documents) or in connection with any refinancing or restructuring of the credit arrangements provided under this Agreement in the nature of a “work-out” or
pursuant to any insolvency or bankruptcy proceedings. 
  

	 	10.3	Indemnity 

 In addition to the payment of
expenses pursuant to subsection 10.2, whether or not the transactions contemplated hereby shall be consummated, Company agrees to defend (subject to Indemnitees’ selection of counsel), indemnify, pay and hold harmless Agents and Lenders
(including Issuing Lenders), the Affiliates of Agents and Lenders and their respective officers, directors, trustees, employees, agents and advisors (collectively called the “Indemnitees”), from and against any and all Indemnified
Liabilities (as hereinafter defined); provided that Company shall not have any obligation to any Indemnitee hereunder with respect to any Indemnified Liabilities to the extent such Indemnified Liabilities arise solely from the gross
negligence or willful misconduct of that Indemnitee as determined by a final judgment of a court of competent jurisdiction. 
 As used
herein, “Indemnified Liabilities” means, collectively, any and all liabilities, obligations, losses, damages (including natural resource damages), penalties, actions, judgments, suits, claims (including Environmental Claims), costs
(including the costs of any investigation, study, sampling, testing, abatement, cleanup, removal, remediation or other response action necessary to remove, remediate, clean up or abate any Hazardous Materials Activity), expenses and disbursements of
any kind or nature whatsoever (including the reasonable fees and disbursements of counsel for Indemnitees (including allocated costs of internal counsel) in connection with any investigative, administrative or judicial proceeding commenced or
threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto, and any fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct, indirect or consequential and
whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes, rules or regulations and Environmental Laws), on common law or equitable cause or on contract or otherwise, that
may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or arising out of (i) this Agreement, the other Loan Documents or the Acquisition Agreement or the transactions contemplated hereby or thereby
(including Lenders’ agreement to make the Loans hereunder or the use or intended use of the proceeds thereof or the issuance of Letters of Credit hereunder or the use or intended use of any thereof, the failure of 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 Authority, or any enforcement of any of the Loan Documents (including any sale of, collection
from, or other realization upon any of the Collateral or the enforcement of the Subsidiary Guaranty)), (ii) the statements contained in the commitment letter delivered by any Lender to Company with respect thereto, or (iii) any
Environmental Claim or any Hazardous Materials Activity relating to or arising from, directly or indirectly, any past or present activity, operation, land ownership, or practice of Company or any of its Subsidiaries. 
  

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 To the extent that the undertakings to defend, indemnify, pay and hold harmless set forth in this
subsection 10.3 may be unenforceable in whole or in part because they are violative of any law or public policy, Company shall contribute the maximum portion that it is permitted to pay and satisfy under applicable law to the payment and
satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. 
  

	 	10.4	Set-Off 

 In addition to any rights now or
hereafter granted under applicable law and not by way of limitation of any such rights, upon the occurrence and during the continuation of any Event of Default each of Lenders and their Affiliates is hereby authorized by Company at any time or from
time to time, without notice to Company or to any other Person, any such notice being hereby expressly waived, to set off and to appropriate and to apply any and all deposits (general or special, time or demand, provisional or final, including
Indebtedness evidenced by certificates of deposit, whether matured or unmatured, but not including trust accounts) and any other Indebtedness at any time held or owing by that Lender or any Affiliate of that Lender to or for the credit or the
account of Company and each other Loan Party against and on account of the Obligations of Company or any other Loan Party to that Lender (or any Affiliate of that Lender) or to any other Lender (or any Affiliate of any other Lender) under this
Agreement, the Letters of Credit and participations therein and the other Loan Documents, including all claims of any nature or description arising out of or connected with this Agreement, the Letters of Credit and participations therein or any
other Loan Document, irrespective of whether or not (i) that Lender shall have made any demand hereunder or (ii) the principal of or the interest on the Loans or any amounts in respect of the Letters of Credit or any other amounts due
hereunder shall have become due and payable pursuant to Section 8 and although said obligations and liabilities, or any of them, may be contingent or unmatured. 
  

	 	10.5	Ratable Sharing 

 Lenders hereby agree among
themselves that if any of them shall, whether by voluntary or mandatory payment (other than a payment or prepayment of Loans made and applied in accordance with the terms of this Agreement), by realization upon security, through the exercise of any
right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the Loan Documents or otherwise, or as adequate protection of a deposit treated as cash collateral under the Bankruptcy Code, receive
payment or reduction of a proportion of the aggregate amount of principal, interest, amounts payable in respect of Letters of Credit, fees and other amounts then due and owing to that Lender hereunder or under the other Loan Documents (collectively,
the “Aggregate Amounts Due” to such Lender) that is greater than the proportion received by any other Lender in respect of the Aggregate Amounts Due to such other Lender, then the Lender receiving such proportionately greater
payment shall, unless such proportionately greater payment is required by the terms of this Agreement, (i) notify Administrative Agent and each other Lender of the receipt of such payment and (ii) apply a portion of such payment to
purchase assignments (which it shall be deemed to have purchased from each seller of an assignment simultaneously upon the receipt by such seller of its portion of 

  

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such payment) of the Aggregate Amounts Due to the other Lenders so that all such recoveries of Aggregate Amounts Due shall be shared by all Lenders in
proportion to the Aggregate Amounts Due to them; provided that (A) if all or part of such proportionately greater payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization
of Company or otherwise, those purchases shall be rescinded and the purchase prices paid for such assignments shall be returned to such purchasing Lender ratably to the extent of such recovery, but without interest and (B) the foregoing
provisions shall not apply to (1) any payment made by Company pursuant to and in accordance with the express terms of this Agreement or (2) any payment obtained by a Lender as consideration for the assignment (other than an assignment
pursuant to this subsection 10.5) of or the sale of a participation in any of its Obligations to any Eligible Assignee or Participant pursuant to subsection 10.1B or 10.1C. Company expressly consents to the foregoing arrangement and agrees that any
purchaser of an assignment so purchased may exercise any and all rights of a Lender as to such assignment as fully as if that Lender had complied with the provisions of subsection 10.1B with respect to such assignment. In order to further evidence
such assignment (and without prejudice to the effectiveness of the assignment provisions set forth above), each purchasing Lender and each selling Lender agree to enter into an Assignment Agreement at the request of a selling Lender or a purchasing
Lender, as the case may be, in form and substance reasonably satisfactory to each such Lender. 
  

	 	10.6	Amendments and Waivers 

 Subject to
subsection 2.10, no amendment, modification, termination or waiver of any provision of this Agreement or of the Notes, and no consent to any departure by Company therefrom, shall in any event be effective without the written concurrence of Requisite
Lenders; provided that no such amendment, modification, termination, waiver or consent shall, without the consent of: 
 (a)
each Lender with Obligations directly affected (whose consent shall be sufficient for any such amendment, modification, termination or waiver without the consent of Requisite Lenders) (1) reduce the principal amount of any Loan,
(2) postpone the date or reduce the amount of any scheduled payment (but not prepayment) of principal of any Loan, (3) postpone the date on which any interest or any fees are payable, (4) decrease the interest rate borne by any Loan
(other than any waiver of any increase in the interest rate applicable to any of the Loans pursuant to subsection 2.2E) or the amount of any fees payable hereunder (other than any waiver of any increase in the fees applicable to Letters of Credit
pursuant to subsection 3.2 following an Event of Default) including any change in the manner in which any financial ratio used in determining any interest rate or fee is calculated that would result in a reduction of any such rate or fee,
(5) reduce the amount or postpone the due date of any amount payable in respect of any Letter of Credit, (6) extend the expiration date of any Letter of Credit beyond the Revolving Loan Commitment Termination Date, (7) extend the
Revolving Loan Commitment Termination Date or (8) change in any manner the obligations of Revolving Lenders relating to the purchase of participations in Letters of Credit; 
  

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 (b) each Lender, (1) change in any manner the definition of “Pro Rata
Share”, the definition of “Requisite Lenders” (except for any changes resulting solely from an increase in the aggregate amount of the Commitments approved by Requisite Lenders) or the provisions of subsection 2.4A(ii), 2.4A(iv)(b) or
2.4B(iii) in any manner that would alter the pro rata sharing of payments or reduction of the Revolving Loan Commitment Amount, (2) change in any manner any provision of this Agreement that, by its terms, expressly requires the approval or
concurrence of all Lenders, (3) increase the maximum duration of Interest Periods permitted hereunder, (4) release any Lien granted in favor of Administrative Agent with respect to all or substantially all of the Collateral or release all
or substantially all of the Subsidiary Guarantors from their obligations under the Subsidiary Guaranty, in each case other than in accordance with the terms of the Loan Documents or (5) change in any manner or waive the provisions contained in
subsection 2.4C, subsection 8.1, subsection 10.5 or this subsection 10.6. 
 In addition, no amendment, modification, termination or waiver
of any provision (i) of any Note shall be effective without the written concurrence of the Lender which is the holder of that Note, (ii) of subsection 2.1A(ii) or of any other provision of this Agreement relating to the Swing Line Loan
Commitment or the Swing Line Loans shall be effective without the written concurrence of Swing Line Lender, (iii) of Section 3 shall be effective without the written concurrence of Administrative Agent and, with respect to the purchase of
participations in Letters of Credit, without the written concurrence of Issuing Lender, (iv) of Section 9 or of any other provision of this Agreement which, by its terms, expressly requires the approval or concurrence of Administrative
Agent shall be effective without the written concurrence of Administrative Agent, and (v) that increases the amount of a Commitment of a Lender shall be effective without the consent of such Lender. 
 Administrative Agent may, but shall have no obligation to, with the concurrence of any Lender, execute amendments, modifications, waivers or consents on
behalf of that Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on Company in any case shall entitle Company to any other or further notice or
demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent effected in accordance with this subsection 10.6 shall be binding upon each Lender at the time outstanding, each future Lender and, if signed by
Company, on Company. 
  

	 	10.7	Independence of Covenants 

 All covenants
hereunder shall be given independent effect so that if a particular action or condition is not permitted by any of such covenants, the fact that it would not result in a default under subsection 7.6 shall not avoid the occurrence of an Event of
Default or Potential Event of Default if such action is taken or condition exists. 
  

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	 	10.8	Notices; Effectiveness of Signatures 

 Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given shall be in writing and may be personally served, or sent by telefacsimile or United States mail or courier service
and shall be deemed to have been given when delivered in person or by courier service, upon receipt during normal business hours on a Business Day of telefacsimile in complete and legible form, or three Business Days after depositing it in the
United States mail (certified or registered if any such notice relates to non-compliance with the terms hereof) with postage prepaid and properly addressed; provided that notices to Administrative Agent, Swing Line Lender and Issuing Lender
shall not be effective until received. For the purposes hereof, the address of each party hereto shall be as set forth under such party’s name on the signature pages hereof or (i) as to Company and Administrative Agent, such other address
as shall be designated by such Person in a written notice delivered to the other parties hereto and (ii) as to each other party, such other address as shall be designated by such party in a written notice delivered to Administrative Agent.

 Loan Documents and notices under the Loan Documents may be transmitted and/or signed by telefacsimile. The effectiveness of any such
documents and signatures shall, subject to applicable law, have the same force and effect as an original copy with manual signatures and shall be binding on all Loan Parties, Administrative Agent and Lenders. Administrative Agent may also require
that any such documents and signature be confirmed by a manually-signed copy thereof; provided, however, that the failure to request or deliver any such manually-signed copy shall not affect the effectiveness of any facsimile document
or signature. 
 Notwithstanding the foregoing, Company agrees that Administrative Agent may make any material delivered by Company to
Administrative Agent, as well as any amendments, waivers, consents and other written information, documents, instruments and other materials relating to Company, any of its Subsidiaries, or any other materials or matters relating to the Loan
Documents or any of the transactions contemplated hereby that Administrative Agent is required or authorized pursuant to the terms hereof or of any Loan Document to provide to Lenders (collectively, the “Communications”) available
to Lenders by posting such notices on a Platform. Company acknowledges that (a) the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with such
distribution, (b) a Platform is provided “as is” and “as available” and (c) neither Administrative Agent nor any of its Affiliates warrants the accuracy, completeness, timeliness, sufficiency, or sequencing of the
Communications posted on a Platform. Administrative Agent and its Affiliates expressly disclaim with respect to a Platform any liability for errors in transmission, incorrect or incomplete downloading, delays in posting or delivery, or problems
accessing the Communications posted on such Platform and any liability for any losses, costs, expenses or liabilities that may be suffered or incurred in connection with such Platform. No warranty of any kind, express, implied or statutory,
including any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects, is made by Administrative Agent or any of its Affiliates in connection with any
Platform. 
 Each Lender agrees that notice to it (as provided in the next sentence) specifying that any Communication has been posted to a
Platform shall for purposes of this Agreement 

  

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constitute effective delivery to such Lender of such information, documents or other materials comprising such Communication. Each Lender agrees (1) to
notify, on or before the date such Lender becomes a party to this Agreement, Administrative Agent in writing of such Lender’s e-mail address to which a notice may be sent (and from time to time thereafter to ensure that Administrative Agent has
on record an effective e-mail address for such Lender) and (2) that any notice may be sent to such e-mail address. 
  

	 	10.9	Survival of Representations, Warranties and Agreements 

 A. All representations, warranties and agreements made herein shall survive the execution and delivery of this Agreement and the making of the Loans and the issuance of the Letters of Credit hereunder.

 B. Notwithstanding anything in this Agreement or implied by law to the contrary, the agreements of Company set forth in
subsections 2.6D, 2.7, 10.2, 10.3, 10.4, 10.17 and 10.18 and the agreements of Lenders set forth in subsections 9.2C, 9.4, 10.5 and 10.18 shall survive the payment of the Loans, the cancellation or expiration of the Letters of Credit and the
reimbursement of any amounts drawn thereunder, and the termination of this Agreement. 
  

	 	10.10	Failure or Indulgence Not Waiver; Remedies Cumulative 

 No failure or delay on the part of an Agent or any Lender in the exercise of any power, right or privilege hereunder or under any other Loan Document shall impair such power, right or privilege or be construed to be a
waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege. All rights and remedies existing
under this Agreement and the other Loan Documents are cumulative to, and not exclusive of, any rights or remedies otherwise available. 
  

	 	10.11	Marshalling; Payments Set Aside 

 Neither
any Agent nor any Lender shall be under any obligation to marshal any assets in favor of Company or any other party or against or in payment of any or all of the Obligations. To the extent that Company makes a payment or payments to Administrative
Agent or Lenders (or to Administrative Agent for the benefit of Lenders), or Agents or Lenders enforce any security interests or exercise their rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part
thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable
cause, then, to the extent of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such
payment or payments had not been made or such enforcement or setoff had not occurred. 
  

	 	10.12	Severability 

 In case any provision in or
obligation under this Agreement or the Notes shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby. 
  

 109 

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	 	10.13	Obligations Several; Independent Nature of Lenders’ Rights; Damage Waiver 

 The obligations of Lenders hereunder are several and no Lender shall be responsible for the obligations or Commitments of any other Lender hereunder.
Nothing contained herein or in any other Loan Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders, or Lenders and Company, as a partnership, an association, a Joint Venture or any other kind of
entity. The amounts payable at any time hereunder to each Lender shall be a separate and independent debt, and, subject to subsection 9.6, each Lender shall be entitled to protect and enforce its rights arising out of this Agreement and it
shall not be necessary for any other Lender to be joined as an additional party in any proceeding for such purpose. 
 To the extent
permitted by law, Company shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with or as a result of this Agreement (including subsection 2.1C hereof), any other Loan Document, any transaction contemplated by the Loan Documents, any Loan or the use of proceeds thereof. No Indemnitee shall be liable for any damages
arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with the Loan Documents or the transactions
contemplated thereby. 
  

	 	10.14	Release of Security Interest or Subsidiary Guaranty 

 Upon the proposed sale or other disposition of any Collateral to any Person (other than an Affiliate of Company) that is permitted by this Agreement or to which Requisite Lenders have otherwise consented, or the sale or other disposition of
all of the Capital Stock of a Subsidiary Guarantor to any Person (other than an Affiliate of Company) that is permitted by this Agreement or to which Requisite Lenders have otherwise consented, for which a Loan Party desires to obtain a security
interest release or a release of the Subsidiary Guaranty from Administrative Agent, such Loan Party shall deliver an Officer’s Certificate (i) stating that the Collateral or the Capital Stock subject to such disposition is being sold or
otherwise disposed of in compliance with the terms hereof and (ii) specifying the Collateral or Capital Stock being sold or otherwise disposed of in the proposed transaction. Upon the receipt of such Officer’s Certificate, Administrative
Agent shall, at such Loan Party’s expense, so long as Administrative Agent (a) has no reason to believe that the facts stated in such Officer’s Certificate are not true and correct and (b), if the sale or other disposition of such
item of Collateral or Capital Stock constitutes an Asset Sale, shall have received evidence satisfactory to it that arrangements satisfactory to it have been made for delivery of the Net Asset Sale Proceeds if and as required by subsection 2.4,
execute and deliver such releases of its security interest in such Collateral or such Subsidiary Guaranty, as may be reasonably requested by such Loan Party. 
  

 110 

 EXECUTION VERSION 
  

	 	10.15	Applicable Law 

 THIS AGREEMENT AND THE
OTHER LOAN DOCUMENTS (EXCEPT AS OTHERWISE EXPRESSLY SET FORTH IN ANY SUCH LOAN DOCUMENT), AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER AND THEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE
INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE APPLICATION OF ANOTHER LAW. 
  

	 	10.16	Construction of Agreement; Nature of Relationship 

 Each of the parties hereto acknowledges that (i) it has been represented by counsel in the negotiation and documentation of the terms of this Agreement, (ii) it has had full and fair opportunity to review and revise the terms of
this Agreement, (iii) this Agreement has been drafted jointly by all of the parties hereto, and (iv) neither Administrative Agent nor any Lender or other Agent has any fiduciary relationship with or duty to Company arising out of or in
connection with this Agreement or any of the other Loan Documents, and the relationship between Administrative Agent, the other Agents and Lenders, on one hand, and Company, on the other hand, in connection herewith or therewith is solely that of
debtor and creditor. Accordingly, each of the parties hereto acknowledges and agrees that the terms of this Agreement shall not be construed against or in favor of another party. 
  

	 	10.17	Consent to Jurisdiction and Service of Process 

 ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST COMPANY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR ANY OBLIGATIONS HEREUNDER AND THEREUNDER, MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION
IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, COMPANY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY 
 (I) ACCEPTS GENERALLY AND UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; 
 (II) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; 
 (III) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR CERTIFIED MAIL, RETURN
RECEIPT REQUESTED, TO COMPANY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SUBSECTION 10.8; 
 (IV) AGREES THAT SERVICE
AS PROVIDED IN CLAUSE (III) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER COMPANY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; 
  

 111 

 EXECUTION VERSION 
  

 (V) AGREES THAT LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST COMPANY IN THE COURTS OF ANY OTHER JURISDICTION; AND 
 (VI) AGREES
THAT THE PROVISIONS OF THIS SUBSECTION 10.17 RELATING TO JURISDICTION AND VENUE SHALL BE BINDING AND ENFORCEABLE TO THE FULLEST EXTENT PERMISSIBLE UNDER NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1402 OR OTHERWISE. 
  

	 	10.18	Waiver of Jury Trial 

 EACH OF THE
PARTIES TO THIS AGREEMENT HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE
SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. The scope of this waiver is intended to be all-encompassing of any and all disputes that may be filed in any court and that relate to the
subject matter of this transaction, including contract claims, tort claims, breach of duty claims and all other common law and statutory claims. Each party hereto acknowledges that this waiver is a material inducement to enter into a business
relationship, that each has already relied on this waiver in entering into this Agreement, and that each will continue to rely on this waiver in their related future dealings. Each party hereto further warrants and represents that it has reviewed
this waiver with its legal counsel and that it knowingly and voluntarily waives its jury trial rights following consultation with legal counsel. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER
THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SUBSECTION 10.18 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT OR ANY OF
THE OTHER LOAN DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. In the event of litigation, this Agreement may be filed as a written consent to a trial by the court. 
  

	 	10.19	Confidentiality 

 Each Lender shall hold all
non-public information obtained pursuant to the requirements of this Agreement that has been identified in writing as confidential by Company in accordance with such Lender’s customary procedures for handling confidential information of this
nature, it being understood and agreed by Company that in any event a Lender may make disclosures (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it
being understood that the Persons to whom such 

  

 112 

 EXECUTION VERSION 
  

 
disclosure is made will be informed of the confidential nature of such information and instructed to keep such information confidential), (b) to the
extent requested by any Government Authority, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of
any remedies hereunder or any suit, action or proceeding relating to this Agreement or the enforcement of rights hereunder, (f) subject to an agreement containing provisions substantially the same as those of this subsection 10.19, to
(i) any Eligible Assignee of or participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under this Agreement or (ii) any direct or indirect contractual counterparty or prospective
counterparty (or such contractual counterparty’s or prospective counterparty’s professional advisor) to any credit derivative transaction relating to obligations of Company, (g) with the consent of Company, (h) to the extent such
information (i) becomes publicly available other than as a result of a breach of this subsection 10.19 or (ii) becomes available to Administrative Agent or any Lender on a nonconfidential basis from a source other than Company or
(i) to the National Association of Insurance Commissioners or any other similar organization or any nationally recognized rating agency that requires access to information about a Lender’s or its Affiliates’ investment portfolio in
connection with ratings issued with respect to such Lender or its Affiliates and that no written or oral communications from counsel to an Agent and no information that is or is designated as privileged or as attorney work product may be disclosed
to any Person unless such Person is a Lender or a Participant hereunder; provided that, unless specifically prohibited by applicable law or court order, each Lender shall notify Company of any request by any Government Authority or
representative thereof (other than any such request in connection with any examination of the financial condition of such Lender by such Government Authority) for disclosure of any such non-public information prior to disclosure of such information;
and provided, further that in no event shall any Lender be obligated or required to return any materials furnished by Company or any of its Subsidiaries. In addition, Administrative Agent and Lenders may disclose the existence of this
Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry, and service providers to Administrative Agent and Lenders, and Administrative Agent or any of its Affiliates may place
customary “tombstone” advertisements relating hereto in publications (including publications circulated in electronic form) of its choice at its own expense. 
  

	 	10.20	Counterparts; Effectiveness 

 This Agreement
and any amendments, waivers, consents or supplements hereto or in connection herewith may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are
physically attached to the same document. This Agreement shall become effective upon the execution of a counterpart hereof by each of the parties hereto. 
  

	 	10.21	Successor Issuing Lender 

 Issuing Lender
may resign at any time by giving written notice thereof to Administrative Agent (who shall promptly notify Lenders thereof) and Company, such 

  

 113 

 EXECUTION VERSION 
  

 
resignation to be effective on the date that is the later of (i) the thirtieth day following delivery of such written notice to Administrative Agent and
Company and (ii) the appointment of and acceptance by a successor Issuing Lender, as provided below; provided, however, that to the extent Administrative Agent fails to appoint a successor Issuing Lender that accepts such appointment
within such time, Issuing Lender may appoint a Revolving Lender as successor Issuing Lender. Unless Issuing Lender is Administrative Agent, Issuing Lender may be removed at any time with or without cause by an instrument or concurrent instruments in
writing delivered to Company and Administrative Agent and signed by Requisite Lenders, such removal to become effective immediately upon the appointment of and acceptance by a successor Issuing Lender, as provided below. Upon any such notice of
resignation or removal, Administrative Agent shall have the right, upon five Business Days’ notice to Company, to appoint a successor Issuing Lender. Any appointment of a successor Issuing Lender, whether by Administrative Agent or Issuing
Lender, shall be subject to consent of Company and Administrative Agent, which, in either case, shall not be unreasonably withheld or delayed. Upon the acceptance of any appointment as Issuing Lender hereunder by a successor Issuing Lender, and
consent of Company and Administrative Agent, that successor Issuing Lender shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring or removed Issuing Lender and the retiring or removed Issuing
Lender shall be discharged from its duties and obligations under this Agreement; provided that, anything contained in this subsection 10.21 or otherwise in any of the Loan Documents to the contrary notwithstanding, the resigning or removed
Issuing Lender shall continue to have all rights and obligations of Issuing Lender, with respect to any Letter of Credit issued prior to the effective date of the appointment of a successor Issuing Lender until the cancellation or expiration of such
Letter of Credit and the reimbursement of any amounts drawn thereunder. 
  

	 	10.22	Patriot Act Notice. 

 Each Lender and
Administrative Agent (for itself and not on behalf of any other party) hereby notifies Company that, pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies Company, which information
includes the name and address of Company and other information that will allow such Lender or Administrative Agent, as applicable, to identify Company in accordance with the Patriot Act. 
  

	 	10.23	Advertising, Promotion and Marketing. 

 Administrative Agent and each Lender may, and Company hereby authorizes Administrative Agent and each Lender to, include references to Company, its Subsidiaries and any other Loan Party, and utilize any logo or other distinctive symbol
associated with Company, its Subsidiaries or any other Loan Party, in connection with any advertising, promotion or marketing undertaken by Administrative Agent or such Lender. 
 [Remainder of page intentionally left blank] 
  

 114 

 EXECUTION VERSION 
  

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
 COMPANY: 

 

			
	RUTH’S CHRIS STEAK HOUSE, INC.
		
	By:	 	 /s/ THOMAS J. PENNISON, JR.

	Title:	 	Thomas J. Pennison, Jr.
		 	Chief Financial Officer
		 	Senior Vice President
	
	Notice Address:
		 	500 International Parkway, Suite 100
		 	Heathrow, Florida 32746
		 	Attention: Chief Financial Officer

  

 S-1 

 EXECUTION VERSION 
  

 LENDERS: 
  

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	individually as a Lender, as Co-Lead Arranger and as Administrative Agent
		
	By:	 	 /s/ J. NICHOLAS COLE

	Name:	 	J. Nicholas Cole
	Title:	 	Managing Director
	
	Notice Address:
		
		 	Wells Fargo Restaurant Finance
		 	5938 Priestly Drive, Suite 200
		 	Carlsbad, California 92008

  

 S-2 

 EXECUTION VERSION 
  

			
	BANK OF AMERICA, N.A.,
	individually as a Lender and as Syndication Agent
		
	By:	 	 /s/ John Schmidt

	Title:	 	Vice President

  

 S-3 

 EXECUTION VERSION 
  

			
	WACHOVIA BANK, NATIONAL ASSOCIATION,
	individually as a Lender and as Co-Documentation Agent
		
	By:	 	 /s/ Anthony Braxton

	Title:	 	Director

  

 S-4 

 EXECUTION VERSION 
  

			
	JPMORGAN CHASE BANK, N.A.,
	individually as a Lender and as Co-Documentation Agent
		
	By:	 	 /s/ Lynn Richard

	Title:	 	Senior Vice President

  

 S-5 

 EXECUTION VERSION 
  

			
	CAROLINA FIRST BANK, as a Lender
		
	By:	 	 /s/ Alan T. Ennis

	Title:	 	Sr. Vice President

  

 S-6 

 EXECUTION VERSION 
  

			
	CITIBANK N.A., as a lender
		
	By:	 	 /s/ Gregory Roll

	Title:	 	Vice President

  

 S-7 

 EXECUTION VERSION 
  

			
	FIRST TENNESSEE BANK NATIONAL
	ASSOCIATION, as a lender
		
	By:	 	 /s/ Doug Kilton

	Title:	 	Senior Vice President

  

 S-8 

 EXECUTION VERSION 
  

			
	COOPERATIEVE CENTRALE RAIFFEISEN-
	BOERENLEENBANK B.A. “ROBOBANK
	NEDERLAND”, NEW YORK BRANCH, as a lender
		
	By:	 	 /s/ Tamira S. Treffers-Herrera

	Title:	 	Executive Director
		
	By:	 	 /s/ Brett Delfino

	Title:	 	Executive Director

  

 S-9 

 EXECUTION VERSION 
  

			
	RAYMOND JAMES BANK, FSB, as a lender
		
	By:	 	 /s/ Andrew Hahn

	Title:	 	Senior Vice President

  

 S-10 

 EXECUTION VERSION 
  

			
	FIFTH THIRD BANK, as a lender
		
	By:	 	 /s/ Jackson Young

	Title:	 	Vice President

  

 S-11 

 EXHIBIT I 
 [FORM OF] NOTICE OF BORROWING 
 Pursuant to that certain First Amended and Restated Credit Agreement
dated as of [February __], 2008, as amended, restated, supplemented or otherwise modified to the date hereof (said First Amended and Restated Credit Agreement, as so amended, restated, supplemented or otherwise modified, being the “Credit
Agreement”; capitalized terms defined therein and not otherwise defined herein being used herein as therein defined), by and among RUTH’S CHRIS STEAK HOUSE, INC., a Delaware corporation (“Company”), the
financial institutions from time to time party thereto as Lenders (“Lenders”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (“Administrative Agent”), this represents Company’s
request to borrow as follows: 
  

	 	1.	Date of borrowing:
                                         
       ,              

  

	 	2.	Amount of borrowing: $                    

  

	 	3.	Lender(s): 

  

	 	 ̈ a.	Lenders, in accordance with their applicable Pro Rata Shares 

  

	 	 ̈ b.	Swing Line Lender 

  

	 	4.	Type of Loans: 

  

	 	 ̈ a.	Revolving Loans 

  

	 	 ̈ b.	Swing Line Loan 

  

	 	5.	Interest rate option: 

  

	 	 ̈ a.	Base Rate Loan(s) 

  

	 	 ̈ b.	Eurodollar Rate Loans with an initial Interest Period of
                     month(s) 

 The
proceeds of such Loans are to be deposited in Company’s account at Administrative Agent or in such other account as may be designated by Company from time to time. 
 The undersigned officer, to the best of his or her knowledge, and Company certify that: 
 (i) The
representations and warranties contained in the Credit Agreement and the other Loan Documents are true, correct and complete in all material respects on and as of the date hereof to the same extent as though made on and as of the date hereof, except
to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties were true, correct and complete in all material respects on and as of such earlier date; provided,
that, if a representation and warranty is qualified as to materiality, with respect to such representation and warranty the materiality qualifier set forth above shall be disregarded for purposes of this condition; 
  

					
		  	I-1	  	Notice of Borrowing

 (ii) No event has occurred and is continuing or would result from the consummation of the borrowing
contemplated hereby that would constitute an Event of Default or a Potential Event of Default; and 
 (iii) Each Loan Party has performed in
all material respects all agreements and satisfied all conditions which the Credit Agreement provides shall be performed or satisfied by it on or before the date hereof. 
  

									
	DATED:                             
	 		 	RUTH’S CHRIS STEAK HOUSE, INC.
					
		 		 		 	By:	 	 
		 		 		 	Name:	 	 
		 		 		 	Title:	 	 

  

					
		  	I-2	  	Notice of Borrowing

 EXHIBIT II 
 [FORM OF] NOTICE OF CONVERSION/CONTINUATION 
 Pursuant to that certain First Amended and Restated
Credit Agreement dated as of [February __], 2008, as amended, restated, supplemented or otherwise modified to the date hereof (said First Amended and Restated Credit Agreement, as so amended, restated, supplemented or otherwise modified, being the
“Credit Agreement”; capitalized terms defined therein and not otherwise defined herein being used herein as therein defined), by and among RUTH’S CHRIS STEAK HOUSE, INC., a Delaware corporation
(“Company”), the financial institutions from time to time party thereto as Lenders, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (“Administrative Agent”), this represents Company’s
request to convert or continue Loans as follows: 
  

	 	1.	Date of conversion/continuation:
                                    ,
                 

  

	 	2.	Amount of Revolving Loans being converted/continued: $                    

  

	 	3.	Nature of conversion/continuation: 

  

	 	 ̈ a.	Conversion of Base Rate Loans to Eurodollar Rate Loans 

  

	 	 ̈ b.	Conversion of Eurodollar Rate Loans to Base Rate Loans 

  

	 	 ̈ c.	Continuation of Eurodollar Rate Loans as such 

  

	 	4.	If Revolving Loans are being continued as or converted to Eurodollar Rate Loans, the duration of the new Interest Period that commences on the conversion/continuation date:
                     month(s) 

 In the case of a conversion to or continuation of Eurodollar Rate Loans, the undersigned officer, to the best of his or her knowledge, and Company certify that no Event of Default or Potential Event of Default has
occurred and is continuing under the Credit Agreement. 
  

									
	DATED:                         	 		 	RUTH’S CHRIS STEAK HOUSE, INC.
					
		 		 		 	By:	 	 
		 		 		 	Name:	 	 
		 		 		 	Title:	 	 

  

					
		  	II-1	  	Notice of Conversion/Continuation

 EXHIBIT III 
 [FORM OF] REQUEST FOR ISSUANCE 
 Pursuant to that certain First Amended and Restated Credit Agreement
dated as of [February __], 2008, as amended, restated, supplemented or otherwise modified to the date hereof (said First Amended and Restated Credit Agreement, as so amended, restated, supplemented or otherwise modified, being the “Credit
Agreement”; capitalized terms defined therein and not otherwise defined herein being used herein as therein defined), by and among RUTH’S CHRIS STEAK HOUSE, INC., a Delaware corporation (“Company”), the
financial institutions from time to time party thereto as Lenders, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (“Administrative Agent”), this represents Company’s request for the issuance of a
Letter of Credit by Wells Fargo as follows: 
  

	 	1.	Issuing Lender: Wells Fargo 

  

	 	2.	Date of issuance of Letter of Credit:
                                ,
                 

  

	 	3.	Type of Letter of Credit: 

  

	 	 ̈ a.	Commercial Letter of Credit 

  

	 	 ̈ b.	Standby Letter of Credit 

  

	 	4.	Face amount of Letter of Credit:
$                             

  

	 	5.	Expiration date of Letter of Credit:
                                ,
                 

  

	 	6.	Name and address of beneficiary: 

 _________________________________________ 
 _________________________________________ 
 _________________________________________ 
 _________________________________________ 
  

	 	7.	Attached hereto is: 

  

	 	 ̈	the verbatim text of such proposed Letter of Credit 

  

	 	 ̈	a description of the proposed terms and conditions of such Letter of Credit, including a precise description of any documents to be presented by the beneficiary which, if presented
by the beneficiary prior to the expiration date of such Letter of Credit, would require the Issuing Lender to make payment under such Letter of Credit. 

  

					
		  	III-1	  	Request for Issuance

 The undersigned officer, to the best of his or her knowledge, and Company certify that: 
 (i) The representations and warranties contained in the Credit Agreement and the other Loan Documents are true, correct and complete in all material
respects on and as of the date hereof to the same extent as though made on and as of the date hereof, except to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties
were true, correct and complete in all material respects on and as of such earlier date; provided, that, if a representation and warranty is qualified as to materiality, with respect to such representation and warranty the materiality
qualifier set forth above shall be disregarded for purposes of this condition; 
 (ii) No event has occurred and is continuing or would
result from the issuance of the Letter of Credit contemplated hereby that would constitute an Event of Default or a Potential Event of Default; and 
 (iii) Each Loan Party has performed in all material respects all agreements and satisfied all conditions which the Credit Agreement provides shall be performed or satisfied by it on or before the date hereof. 
  

									
	DATED:                             
	 		 	RUTH’S CHRIS STEAK HOUSE, INC.
					
		 		 		 	By:	 	 
		 		 		 	Name:	 	 
		 		 		 	Title:	 	 

  

					
		  	III-2	  	Request for Issuance

 EXHIBIT IV 
 [FORM OF] NOTICE OF PREPAYMENT 
 Pursuant to that certain First Amended and Restated Credit Agreement
dated as of [February __], 2008, as amended, restated, supplemented or otherwise modified to the date hereof (said First Amended and Restated Credit Agreement, as so amended, restated, supplemented or otherwise modified, being the “Credit
Agreement”; capitalized terms defined therein and not otherwise defined herein being used herein as therein defined), by and among RUTH’S CHRIS STEAK HOUSE, INC., a Delaware corporation (“Company”), the
financial institutions from time to time party thereto as Lenders (“Lenders”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (“Administrative Agent”), this represents Company’s
notice of prepayment as follows: 
  

	1.	Date of Notice:                         ,
             

  

	2.	Type of Prepayment/Reduction/Termination: 

  

	 	 ̈ a.	Voluntary Prepayment of Revolving Loan 

  

	 	 ̈ b.	Voluntary Reduction/Termination of Revolving Loan Commitments 

  

	 	 ̈ c.	 Mandatory Prepayment and/or Reduction of the Revolving Loan Commitment Amount1 (specify the circumstances requiring said prepayment and/or reduction by checking the appropriate box below):

  

	 	 ̈ i.	Receipt of Net Asset Sale Proceeds (check one of the options below): 

  

	 	 ̈ A.	Prepayment and/or reduction with Excess Net Asset Sale Proceeds that will not be reinvested 

  

	 	 ̈ B.	Prepayment of Revolving Loans pending reinvestment of Excess Net Asset Sale Proceeds 

  

	 	 ̈ ii.	Receipt of Net Insurance/Condemnation Proceeds 

  

	 	 ̈ iii.	Receipt of Net Securities Proceeds from the issuance of Indebtedness 

  

	3.	Amount of prepayment/reduction of Revolving Loan Commitments (as applicable): 

  

	 	 ̈ a.	 Voluntary/Mandatory Prepayment:2 $                             

  

	 	 ̈ b.	 Reduction/Termination of Revolving Loan Commitments:3
$                         

  
  

	1
	 Mandatory prepayments and/or reductions of the Revolving Loan Commitment Amount shall be applied as specified in subsections 2.4A(iii), 2.4A(iv) and 2.4C of the
Credit Agreement. 

  

	2
	 This option should be selected for all voluntary and mandatory prepayments of the Loans. 

  

	3
	 This option should be selected only if a termination or reduction of the Revolving Loan Commitments is the subject of this notice. 

  

					
		  	IV-1	  	Notice of Prepayment

	4.	 If applicable, specify desired application of voluntary prepayment:4
                                         
          

 ________________________________________________________________________________ 
 ________________________________________________________________________________ 
  

	5.	Date of prepayment or date that reduction/termination of the Revolving Loan Commitment Amount will take effect:
                            ,
             

  

	6.	Attached hereto is (if applicable): 

  

	 	 ̈ a.	Officer’s Certificate setting forth (i) the portion of any Excess Net Asset Sale Proceeds that Company or any Subsidiary intends to reinvest in equipment or other
productive assets of the general type used in the business of Company and its Subsidiaries within 360 days of the date of receipt of such proceeds and (ii) the proposed use of such portion of the Excess Net Asset Sale Proceeds and such other
information with respect to such reinvestment as Administrative Agent may reasonably request. 

  

	 	 ̈ b.	Officers’ Certificate demonstrating the calculation of the amount of the applicable Net Asset Sale Proceeds, Net Insurance/Condemnation Proceeds, or Net Securities Proceeds, as
the case may be, that gave rise to a mandatory prepayment and/or reduction. 

  
  

	4
	 If not specified by Company, voluntary prepayments shall be applied as specified in subsection 2.4A(iv) of the Credit Agreement. 

  

					
		  	IV-2	  	Notice of Prepayment

 IN WITNESS WHEREOF, the undersigned authorized officer of Company has executed this notice as of the date
set forth above. 
  

			
	RUTH’S CHRIS STEAK HOUSE, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

					
		  	IV-3	  	Notice of Prepayment

 EXHIBIT V 
 [FORM OF] REVOLVING NOTE 
 RUTH’S CHRIS STEAK HOUSE, INC. 
  

			
	$                                1	  	                                        
 2
 [Issuance date]    

 FOR VALUE RECEIVED, RUTH’S CHRIS STEAK HOUSE, INC., a Delaware
corporation (“Company”), promises to pay to
                                3 (“Payee”) or its registered assigns, the lesser of
(x)                         4
($[                        1]) and (y) the unpaid principal amount of all advances made by Payee to Company as Revolving Loans under the Credit Agreement
referred to below. The principal amount of this Note shall be payable on the dates and in the amounts specified in the Credit Agreement. 
 Company also promises to pay interest on the unpaid principal amount hereof, until paid in full, at the rates and at the times which shall be determined in accordance with the provisions of that certain First Amended and Restated Credit
Agreement dated as of [February __], 2008 by and among Company, the financial institutions from time to time party thereto as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent (said First Amended and Restated Credit
Agreement, as it may be amended, restated, supplemented or otherwise modified from time to time, being the “Credit Agreement”; capitalized terms defined therein and not otherwise defined herein being used herein as therein defined).

 This Note is one of Company’s “Revolving Notes” and is issued pursuant to and entitled to the benefits of the Credit
Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the Revolving Loans evidenced hereby were made and are to be repaid. 
 All payments of principal and interest in respect of this Note shall be made in lawful money of the United States of America in same day funds at the
Funding and Payment Office or at such other place as shall be designated in writing for such purpose in accordance with the terms of the Credit Agreement. Unless and until an Assignment Agreement effecting the assignment or transfer of this Note
shall have been accepted by Administrative Agent and recorded in the Register as provided in the Credit Agreement, Company and Administrative Agent shall be entitled to deem and treat Payee as the owner and holder of this Note and the Loans
evidenced hereby. Payee hereby agrees, by its acceptance hereof, that before disposing of this Note or any part hereof it will make a notation hereon of all principal payments previously made hereunder and of the date to which interest hereon has
been paid; provided, however, that the failure to make a notation of any payment made on this Note shall not limit or otherwise affect the obligations of Company hereunder with respect to payments of principal of or interest on this
Note. 
  
  

	1
	 Insert amount of Lender’s Revolving Loan Commitment in numbers. 

  

	2
	 Insert place of delivery of Note. 

  

	3
	 Insert Lender’s name in capital letters. 

  

	4
	 Insert amount of Lender’s Revolving Loan Commitment in words. 

  

					
		  	V-1	  	Revolving Note

 Whenever any payment on this Note shall be stated to be due on a day which is not a Business Day, such
payment shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest on this Note. 
 This Note is subject to mandatory prepayment as provided in the Credit Agreement and to prepayment at the option of Company as provided in the Credit Agreement. 
 THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF COMPANY AND PAYEE HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH,
THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE APPLICATION OF ANOTHER LAW. 
 Upon the occurrence of an Event of Default, the unpaid balance of the principal amount of this Note, together with all accrued and unpaid interest
thereon, may become, or may be declared to be, due and payable in the manner, upon the conditions and with the effect provided in the Credit Agreement. 
 The terms of this Note are subject to amendment only in the manner provided in the Credit Agreement. 
 This
Note is subject to restrictions on transfer or assignment as provided in the Credit Agreement. 
 No reference herein to the Credit Agreement
and no provision of this Note or the Credit Agreement shall alter or impair the obligations of Company, which are absolute and unconditional, to pay the principal of and interest on this Note at the place, at the respective times, and in the
currency prescribed herein and in the Credit Agreement. 
 Company promises to pay all costs and expenses, including reasonable
attorneys’ fees, all as provided in the Credit Agreement, incurred in the collection and enforcement of this Note. Company and any endorsers of this Note hereby consent to renewals and extensions of time at or after the maturity hereof, without
notice, and hereby waive diligence, presentment, protest, demand and notice of every kind and, to the full extent permitted by law, the right to plead any statute of limitations as a defense to any demand hereunder. 
 [Remainder of page intentionally left blank.] 
  

					
		  	V-2	  	Revolving Note

 IN WITNESS WHEREOF, Company has caused this Note to be duly executed and delivered by its officer
thereunto duly authorized as of the date and at the place first written above. 
  

			
	RUTH’S CHRIS STEAK HOUSE, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

					
		  	V-3	  	Revolving Note

 TRANSACTIONS 
 ON 
 REVOLVING NOTE 
  

											
	 Date
	  	 Type of
Loan Made
This Date
	  	 Amount of
Loan Made
This Date
	  	 Amount of
Principal Paid
This Date
	  	 Outstanding
Principal
Balance
This Date
	  	 Notation
Made By

		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  

					
		  	V-4	  	Revolving Note

 EXHIBIT VI 
 [FORM OF] SWING LINE NOTE 
 RUTH’S CHRIS STEAK HOUSE, INC. 
  

			
	$                                1	  	                                        
 2
 [Issuance date]    

 FOR VALUE RECEIVED, RUTH’S CHRIS STEAK HOUSE, INC., a Delaware
corporation (“Company”), promises to pay to                      (“Payee”) or its registered assigns, the
lesser of (x)                     3 ($[                    
1]) and (y) the unpaid principal amount of all advances made by Payee to
Company as Swing Line Loans under the Credit Agreement referred to below. The principal amount of this Note shall be payable on the dates and in the amounts specified in the Credit Agreement. 
 Company also promises to pay interest on the unpaid principal amount hereof, until paid in full, at the rates and at the times which shall be determined
in accordance with the provisions of that certain First Amended and Restated Credit Agreement dated as of [February __], 2008 by and among Company, the financial institutions from time to time party thereto as Lenders, and Wells Fargo Bank, National
Association, as Administrative Agent (said First Amended and Restated Credit Agreement, as it may be amended, restated, supplemented or otherwise modified from time to time, being the “Credit Agreement”; capitalized terms defined
therein and not otherwise defined herein being used herein as therein defined). 
 This Note is Company’s “Swing Line Note”
and is issued pursuant to and entitled to the benefits of the Credit Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the Swing Line Loans evidenced hereby were made and are to be
repaid. 
 All payments of principal and interest in respect of this Note shall be made in lawful money of the United States of America in
same day funds at the Funding and Payment Office or at such other place as shall be designated in writing for such purpose in accordance with the terms of the Credit Agreement. 
 Whenever any payment on this Note shall be stated to be due on a day which is not a Business Day, such payment shall be made on the next succeeding
Business Day and such extension of time shall be included in the computation of the payment of interest on this Note. 
 This Note is subject
to mandatory prepayment as provided in the Credit Agreement and to prepayment at the option of Company as provided in the Credit Agreement. 
  

	1
	 Insert amount of Swing Line Lender’s Swing Line Commitment in numbers. 

  

	2
	 Insert place of delivery of Note. 

  

	3
	 Insert amount of Swing Line Lender’s Swing Line Commitment in words. 

  

					
		  	VI-1	  	Swing Line Note

 THIS NOTE AND THE RIGHTS AND OBLIGATIONS OF COMPANY AND PAYEE HEREUNDER SHALL BE GOVERNED BY, AND
SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE
APPLICATION OF ANOTHER LAW. 
 Upon the occurrence of an Event of Default, the unpaid balance of the principal amount of this Note,
together with all accrued and unpaid interest thereon, may become, or may be declared to be, due and payable in the manner, upon the conditions and with the effect provided in the Credit Agreement. 
 The terms of this Note are subject to amendment only in the manner provided in the Credit Agreement. 
 This Note is subject to restrictions on transfer or assignment as provided in the Credit Agreement. 
 No reference herein to the Credit Agreement and no provision of this Note or the Credit Agreement shall alter or impair the obligations of Company, which
are absolute and unconditional, to pay the principal of and interest on this Note at the place, at the respective times, and in the currency prescribed herein and in the Credit Agreement. 
 Company promises to pay all costs and expenses, including reasonable attorneys’ fees, all as provided in the Credit Agreement, incurred in the
collection and enforcement of this Note. Company and any endorsers of this Note hereby consent to renewals and extensions of time at or after the maturity hereof, without notice, and hereby waive diligence, presentment, protest, demand and notice of
every kind and, to the full extent permitted by law, the right to plead any statute of limitations as a defense to any demand hereunder. 
 [Remainder of page intentionally left blank.] 
  

					
		  	VI-2	  	Swing Line Note

 IN WITNESS WHEREOF, Company has caused this Note to be duly executed and delivered by its officer
thereunto duly authorized as of the date and at the place first written above. 
  

			
	RUTH’S CHRIS STEAK HOUSE, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

					
		  	VI-3	  	Swing Line Note

 TRANSACTIONS 
 ON 
 SWING LINE NOTE 
  

											
	 Date
	  	 Amount of
Loan Made
This Date
	  	 Amount of
Principal Paid
This Date
	  	 Amount of
Principal Paid
This Date
	  	 Outstanding
Principal
Balance
This Date
	  	 Notation
Made By

		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	
		  		  		  		  		  	

  

					
		  	VI-4	  	Swing Line Note

 EXHIBIT VII 
 [FORM OF] COMPLIANCE CERTIFICATE 
 THE UNDERSIGNED HEREBY CERTIFY THAT: 
 (1) We are the duly elected [Vice President-Finance and Secretary] of Ruth’s Chris Steak House, Inc., a Delaware corporation
(“Company”); 
 (2) We have reviewed the terms of that certain First Amended and Restated Credit Agreement dated as of
[February __], 2008, as amended, restated supplemented or otherwise modified to the date hereof (said First Amended and Restated Credit Agreement, as so amended, restated supplemented or otherwise modified, being the “Credit
Agreement”; capitalized terms defined therein and not otherwise defined in this Certificate (including Attachment No. 1 annexed hereto and made a part hereof) being used in this Certificate as therein defined), by and among Company,
the financial institutions from time to time party thereto as Lenders, and Wells Fargo Bank, National Association, as Administrative Agent, and the terms of the other Loan Documents, and we have made, or have caused to be made under our supervision,
a review in reasonable detail of the transactions and condition of Company and its Subsidiaries during the accounting period covered by the attached financial statements; 
 (3) The examination described in paragraph (2) above did not disclose, and we have no knowledge of, the existence of any condition or event which constitutes an Event of Default or Potential Event of Default
during or at the end of the accounting period covered by the attached financial statements or as of the date of this Certificate. 
 Set
forth in a separate attachment to this Certificate are all exceptions to paragraph (3) above listing, in detail, the nature of the condition or event, the period during which it has existed and the action which Company has taken, is taking, or
proposes to take with respect to each such condition or event; and 
 (4) Neither Company nor any Subsidiary Guarantor has changed, or
intends, within the 120-day period commencing on the day hereof, to change, its name, type of organization, jurisdiction of organization or location of its chief executive office. 
  

					
		  	VII-1	  	Compliance Certificate

 The foregoing certifications, together with the computations set forth in Attachment No. 1 annexed
hereto and made a part hereof and the financial statements delivered with this Certificate in support hereof, are made and delivered this
                         day of
                        ,              pursuant to
subsection 6.1(iv) of the Credit Agreement. 
  

			
	RUTH’S CHRIS STEAK HOUSE, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

					
		  	VII-2	  	Compliance Certificate

 ATTACHMENT NO. 1 
 TO COMPLIANCE CERTIFICATE 
 This Attachment No. 1 is attached to and made a part of a Compliance
Certificate dated as of                         ,
                     and pertains to the period from
                        ,              to
                    ,             . Subsection references herein relate to
subsections of the Credit Agreement. 
  

						
	 A.
	  	 Minimum Adjusted Fixed Charge Coverage Ratio (for the four-Fiscal Quarter period
 ending _____________, ____)
	  		
		  	 1.      Consolidated Net Income:
	  	$	_____________
		  	 2.      Consolidated Interest Expense:
	  	$	_____________
		  	 3.      Provisions for taxes based on income:
	  	$	_____________
		  	 4.      Total depreciation expense:
	  	$	_____________
		  	 5.      Total amortization expense:
	  	$	_____________
		  	 6.      Non-cash write-offs or impairment of restaurant assets (including write-offs due to impairment of
goodwill):
	  	$	_____________
		  	 7.      Non-recurring costs and expenses in connection with, but not limited to, severance payments, hurricane
and relocation costs, and business acquisition costs:
	  	$	_____________
		  	 8.      Cash write-offs of the Manhattan UN Facility
	  	$	_____________
		  	 9.      Ongoing non-cash GAAP costs in connection with, but not limited to, stock options, restricted stock,
bank fees and pre-opening straight-line rent:
	  	$	_____________
		  	 10.    Non-cash items added in the calculation of Consolidated Net Income:
	  	$	_____________
		  	 11.    Pro Forma Basis adjustments, if applicable, to Consolidated EBITDA (from Schedule A to this Attachment No.
1):
	  	$	_____________
		  	 12.    Acquisition EBITDA for the Fiscal Quarters ending prior to March 29, 2009 (from Schedule A to this
Attachment No. 1):
	  	$	_____________
		  	 13.    Consolidated EBITDA (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 – 10 +/– 11 [+12]):
	  	$	_____________
		  	 14.    Consolidated Rental Expense:
	  	$	_____________
		  	 15.    Consolidated EBITDAR (13 + 14):
	  	$	_____________
		  	 16.    Taxes based on income of Company and its Subsidiaries on a consolidated basis paid in Cash:
	  	$	_____________
		  	 17.    Consolidated Capital Expenditures:
	  	$	_____________
		  	 18.    Consolidated Capital Expenditures relating to developing, constructing and opening new restaurants:
	  	$	_____________
		  	 19.    Consolidated Capital Expenditures relating to acquiring restaurant franchises:
	  	$	_____________
		  	 20.    Consolidated Capital Expenditures relating to the Acquisition of the Acquired Business:
	  	$	_____________
		  	 21.    Consolidated Capital Expenditures relating to major restaurant remodeling in excess of $500,000 for any restaurant
location:
	  	$	_____________

  

					
		  	VII-1	  	Compliance Certificate

						
		  	 22.    Consolidated Maintenance Capital Expenditures (17 – 18 – 19 – 20 – 21):
	  	$	_____________
		  	 23.    Consolidated EBITDAR minus (a) taxes based on income of Company and its Subsidiaries on a consolidated
basis paid in Cash and (b) Consolidated Maintenance Capital Expenditures (15 – 16 – 22):
	  	$	_____________
		  	 24.    Consolidated Interest Expense (A.2 above):
	  	$	_____________
		  	 25.    Scheduled principal payments:
	  	$	_____________
		  	 26.    Consolidated Rental Expense (A.14 above):
	  	$	_____________
		  	 27.    Consolidated Fixed Charges (24 + 25 + 26):
	  	$	_____________
		  	 28.    Adjusted Fixed Charge Coverage Ratio (23) ÷ (27):
	  	 	____:1.00
		  	 29.    Minimum ratio required under subsection 7.6A:
	  	 	1.50:1.00
	B.	  	Maximum Consolidated Leverage Ratio (as of _____________, ____)	  		
		  	 1.      Consolidated Total Debt:
	  	$	_____________
		  	 2.      Consolidated EBITDA (A.13 above):
	  	$	_____________
		  	 3.      Consolidated Leverage Ratio (1) ÷ (2):
	  	 	____:1.00
		  	 4.      Maximum ratio permitted under subsection 7.6B:
	  	 	3.50:1.00

  

					
		  	VII-2	  	Compliance Certificate

 SCHEDULE A 
 TO ATTACHMENT NO. 1 
 TO COMPLIANCE CERTIFICATE 
 This Schedule A is attached to and made a part of Attachment No. 1 to Compliance Certificate dated as of
                    ,             ; pertains to the period from
                        ,              to
                        ,              and is used to
calculate Acquisition EBITDA and Consolidated EBITDA of Company and its Subsidiaries on a Pro Forma Basis. 
 Company or any of its
Subsidiaries has: 
  ̈ A. acquired a Ruth’s Chris restaurant franchise during such
period and has not subsequently sold, transferred or otherwise disposed of such franchise prior to the end of such period; and/or 
  ̈ B. such period includes any of the Fiscal Quarters ending prior to March 29, 2009. 
  

						
	A.	  	Franchise EBITDA	  		
		  	 1.      Consolidated Net Income:
	  	$	_____________
		  	 2.      Consolidated Interest Expense:
	  	$	_____________
		  	 3.      Provisions for taxes based on income:
	  	$	_____________
		  	 4.      Total depreciation expense:
	  	$	_____________
		  	 5.      Total amortization expense:
	  	$	_____________
		  	 6.      Franchise EBITDA (1 + 2 + 3 + 4 + 5):
	  	$	_____________
	B.	  	Acquisition EBITDA1
	  		
		  	 1.      Consolidated Net Income:
	  	$	_____________
		  	 2.      Consolidated Interest Expense:
	  	$	_____________
		  	 3.      Provisions for taxes based on income:
	  	$	_____________
		  	 4.      Total depreciation expense:
	  	$	_____________
		  	 5.      Total amortization expense:
	  	$	_____________
		  	 6.      Pre-opening costs:
	  	$	_____________
		  	 7.      Administrative overhead costs not to exceed $4,500,000:
	  	$	_____________
		  	 8.      Management fees paid to [Seller] [M. Cameron Mitchell] not to exceed 4% of gross revenues of the
Acquired Business for fiscal year 2007:
	  	$	_____________
		  	 9.      Non-cash write-offs of restaurant assets:
	  	$	_____________
		  	 10.    Non-cash items added in the calculation of Consolidated Net Income:
	  	$	_____________
		  	 11.    Acquisition EBITDA (1 + 2 + 3 + 4 + 5 + 6 + 7 + 8 + 9 – 10):
	  	$	_____________

  
  

	1
	 As reflected in the financial statements of the Acquired Business for such period delivered to Company and Administrative Agent (as if the Acquired Business were
acquired on the first day of such period); for purposes of determining Acquisition EBITDA, references in the definitions of “Consolidated Net Income” and “Consolidated Interest Expense” to Company and its Subsidiaries shall be
deemed to refer to the Acquired Business. 

  

					
		  	VII-1	  	Compliance Certificate

 EXHIBIT VIII 
 [FORM OF] ASSIGNMENT AND ASSUMPTION AGREEMENT 
 This Assignment and Assumption
Agreement (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [the] [each]1 Assignor identified in item 1 below ([the] [each, an] “Assignor”) and [the] [each]2 Assignee identified in item 2 below ([the] [each, an] “Assignee”). [It is
understood and agreed that the rights and obligations of [the Assignors] [the Assignees]3 hereunder are several and not joint.]4 Capitalized terms used but not
defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by [the] [each] Assignee. The Standard Terms and
Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 
 For an agreed consideration, [the] [each] Assignor hereby irrevocably sells and assigns to [the Assignee] [the respective Assignees], and [the] [each]
Assignee hereby irrevocably purchases and assumes from [the Assignor] [the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by Administrative Agent
as contemplated below (i) all of [the Assignor’s] [the respective Assignors’] rights and obligations in [its capacity as a Lender] [their respective capacities as Lenders] under the Credit Agreement and any other documents or
instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor] [the respective Assignors] under the respective facilities
identified below (including any letters of credit, guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of
[the Assignor (in its capacity as a Lender)] [the respective Assignors (in their respective capacities as Lenders)] 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 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 (i) above (the rights and obligations sold and assigned by [the] [any] Assignor to [the] [any] Assignee pursuant to clauses (i) and (ii) above being
referred to herein collectively as [the] [an] “Assigned Interest”). Each such sale and assignment is without recourse to [the] [any] Assignor and, except as expressly provided in this Assignment and Assumption, without
representation or warranty by [the] [any] Assignor. 
  
  

	1
	 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed
language. If the assignment is from multiple Assignors, choose the second bracketed language. 

  

	2
	 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language.
If the assignment is to multiple Assignees, choose the second bracketed language. 

  

	3
	 Select as appropriate. 

  

	4
	 Include bracketed language if there are either multiple Assignors or multiple Assignees. 

  

					
		  	VIII-1	  	Assignment and Assumption Agreement

			
	 1.      Assignor[s]:
	  	 _____________________________________________
 _____________________________________________

		
	 2.      Assignee[s]:
	  	 _____________________________________________
 _____________________________________________

	
	 [for each Assignee, indicate [Affiliate] [Approved Fund] of [identify Lender]]

		
	 3.      Company:
	  	Ruth’s Chris Steak House, Inc.
		
	 4.      Administrative Agent:
	  	Wells Fargo Bank, National Association, as administrative agent under the Credit Agreement
		
	 5.      Credit Agreement:
	  	The $250,000,000 First Amended and Restated Credit Agreement dated as of [February __], 2008 among Company, the Lenders parties thereto, Wells Fargo Bank, National Association, as
Administrative Agent, and the other agents parties thereto
		
	 6.      Assigned Interest[s]:
	  	

  

														
	 Assignor[s]5
	  	Assignee[s]6	  	 Facility Assigned
	  	Aggregate Amount of
Commitment/Loans for
all Lenders7	  	Amount of
Commitment/
Loans Assigned8	  	Percentage Assigned of
Commitment/ Loans8	 
		  		  	Revolving Loan Commitment	  	$	 	  	$	 	  	    	% 

  

	[7.	 Trade Date:
                                        ]
9 

  
  

	5
	 List each Assignor, as appropriate. 

  

	6
	 List each Assignee, as appropriate. 

  

	7
	 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

  

	8
	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

  

	9
	 To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

  

					
		  	VIII-2	  	Assignment and Assumption Agreement

 Effective Date:             ,
20             [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption are hereby agreed to: 
  

			
	ASSIGNOR[S]10
	
	[NAME OF ASSIGNOR]
		
	By:	 	 
		 	Name:
		 	Title:
	
	[NAME OF ASSIGNOR]
		
	By:	 	 
		 	Name:
		 	Title:
	
	ASSIGNEE[S]11
	
	[NAME OF ASSIGNEE]
		
	By:	 	 
		 	Name:
		 	Title:
	
	[NAME OF ASSIGNEE]
		
	By:	 	 
		 	Name:
		 	Title:

  

	10
	 Add additional signature blocks as needed. 

  

	11
	 Add additional signature blocks as needed. 

  

					
		  	VIII-3	  	Assignment and Assumption Agreement

			
	[Consented to and]12 Accepted:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent
		
	By:	 	 
		 	Name:
		 	Title:
	
	[Consented to:]13

	
	RUTH’S CHRIS STEAK HOUSE, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  

	12
	 To be added only if the consent of Administrative Agent is required by the terms of the Credit Agreement. 

  

	13
	 To be added only if the consent of Company is required by the terms of the Credit Agreement.  

  

					
		  	VIII-4	  	Assignment and Assumption Agreement

 ANNEX 1 
 STANDARD TERMS AND CONDITIONS FOR 
 ASSIGNMENT AND ASSUMPTION 
 1. Representations and Warranties. 
 1.1 Assignor[s]. [The] [Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the] [the relevant] Assigned Interest, (ii) [the] [such] 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 Assignment and Assumption and to consummate the transactions contemplated hereby; and
(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 Loan Document, (ii) the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of Company, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the
performance or observance by Company, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document. 
 1.2. Assignee[s]. [The] [Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption
and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements of an Eligible Assignee under the Credit Agreement (subject to such consents, if any, as may be
required under the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the] [the relevant] Assigned Interest, shall have the
obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the person exercising discretion in making its decision to acquire the
Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered
pursuant to subsection 6.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase [the] [such] Assigned
Interest, (vi) it has, independently and without reliance upon Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this
Assignment and Assumption and to purchase [the] [such] Assigned Interest, and (vii) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit
Agreement, duly completed and executed by [the] [such] Assignee; and (b) agrees that (i) it will, independently and without reliance on Administrative Agent, [the] [any] Assignor 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 Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the
terms of the Loan Documents are required to be performed by it as a Lender. 
  

					
		  	VIII-1	  	Assignment and Assumption Agreement

 2. Payments. From and after the Effective Date, Administrative Agent shall make all payments in
respect of [the] [each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the] [the relevant] Assignor for amounts which have accrued to but excluding the Effective Date and to [the] [the relevant] Assignee
for amounts which have accrued from and after the Effective Date. 
 3. General Provisions. This Assignment and Assumption shall be
binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an
executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption. THIS ASSIGNMENT AND ASSUMPTION AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT
REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE APPLICATION OF ANOTHER LAW. 
  

					
		  	VIII-2	  	Assignment and Assumption Agreement

 EXHIBIT IX 
 [FORM OF] FIRST AMENDED AND RESTATED SUBSIDIARY GUARANTY 
 This FIRST AMENDED AND RESTATED
SUBSIDIARY GUARANTY (this “Guaranty”) is entered into as of [February __], 2008 by the undersigned (each “Guarantor”, and together with any future Subsidiaries executing this Guaranty, being collectively
referred to herein as “Guarantors”) in favor of and for the benefit of WELLS FARGO BANK, NATIONAL ASSOCIATION, as agent for and representative of (in such capacity herein called “Guarantied Party”) the
financial institutions (“Lenders”) from time to time party to the Credit Agreement referred to below and any Swap Counterparties (as herein defined), and in favor of and for the benefit of the other Beneficiaries (as herein
defined). 
 PRELIMINARY STATEMENTS 
 A. Ruth’s Chris Steak House, Inc., a Delaware corporation (“Company”), has entered into that certain Credit Agreement dated as of September 27, 2005 with certain lenders (“Original
Lenders”) and Guarantied Party, as Administrative Agent for Original Lenders (said Credit Agreement, as amended, restated, supplemented or otherwise modified to the date hereof, being the “Original Credit Agreement”).

 B. Company’s obligations under the Original Credit Agreement are guarantied by Guarantors pursuant to that certain Subsidiary
Guaranty dated as of September 27, 2005 (the “Original Guaranty”) executed by Guarantors in favor and for the benefit of Guarantied Party as agent for and representative of Original Lenders and certain other beneficiaries.

 C. Concurrently herewith, Company, Guarantied Party and Lenders are amending and restating the Original Credit Agreement in its entirety
pursuant to that certain First Amended and Restated Credit Agreement dated as of [February __], 2008 (said First Amended and Restated Credit Agreement, as it may hereafter be amended, restated, supplemented or otherwise modified from time to time,
being the “Credit Agreement”; capitalized terms defined therein and not otherwise defined herein being used herein as therein defined). 
 D. Company may from time to time enter, or may from time to time have entered, into one or more Interest Rate Agreements, Currency Agreements or other swap agreements (collectively, the “Lender Swap
Agreements”) with one or more Persons that are Lenders or Affiliates of Lenders at the time such Lender Swap Agreements are entered into (in such capacity, collectively, “Swap Counterparties”) in accordance with the terms
of the Credit Agreement, and it is desired that the obligations of Company under the Lender Swap Agreements, including the obligation of Company to make payments thereunder in the event of early termination thereof, together with all obligations of
Company under the Credit Agreement and the other Loan Documents, be guarantied hereunder. 
 E. Guarantied Party, Lenders and each Swap
Counterparty for which Guarantied Party has received the notice required by Section 19 are sometimes referred to herein as “Beneficiaries”. 
  

					
		  	IX-1	  	Subsidiary Guaranty

 F. A portion of the proceeds of the Loans may be advanced to Guarantors, and thus the Guarantied
Obligations (as herein defined) are being incurred for and will inure to the benefit of Guarantors (which benefits are hereby acknowledged). 
 G. It is a condition precedent to the amendment and restatement of the Original Credit Agreement that Guarantors continue to irrevocably and unconditionally guaranty the obligations of Company under the Credit Agreement and amend and
restate the Original Guaranty. 
 H. Guarantors and Guarantied Party are willing to amend and restate the Original Guaranty in its entirety
as set forth herein. 
 NOW, THEREFORE, based upon the foregoing and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, and in order to induce Lenders and Guarantied Party to amend and restate the Original Credit Agreement and to make Loans and other extensions of credit under the Credit Agreement and to induce Swap
Counterparties to enter into the Lender Swap Agreements, Guarantors hereby agree as follows: 
 1. Guaranty. (a) Guarantors jointly
and severally irrevocably and unconditionally guaranty, as primary obligors and not merely as sureties, the due and punctual payment in full of all Guarantied Obligations (as herein defined) when the same shall become due, whether at stated
maturity, by acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code). The term “Guarantied Obligations” is used herein
in its most comprehensive sense and includes any and all Obligations of Company and all obligations of Company under Lender Swap Agreements, now or hereafter made, incurred or created, whether absolute or contingent, liquidated or unliquidated,
whether due or not due, and however arising under or in connection with the Credit Agreement, the Lender Swap Agreements, this Guaranty and the other Loan Documents, including those arising under successive borrowing transactions under the Credit
Agreement which shall either continue such obligations of Company or from time to time renew them after they have been satisfied. 
 Each
Guarantor acknowledges that a portion of the Loans may be advanced to it, that Letters of Credit may be issued for the benefit of its business and that the Guarantied Obligations are being incurred for and will inure to its benefit. 
 Any interest on any portion of the Guarantied Obligations that accrues after the commencement of any proceeding, voluntary or involuntary, involving the
bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of Company (or, if interest on any portion of the Guarantied Obligations ceases to accrue by operation of law by reason of the commencement of said proceeding, such
interest as would have accrued on such portion of the Guarantied Obligations if said proceeding had not been commenced) shall be included in the Guarantied Obligations because it is the intention of each Guarantor and Guarantied Party that the
Guarantied Obligations should be determined without regard to any rule of law or order that may relieve Company of any portion of such Guarantied Obligations. 
  

					
		  	IX-2	  	Subsidiary Guaranty

 In the event that all or any portion of the Guarantied Obligations is paid by Company, the obligations of
each Guarantor hereunder shall continue and remain in full force and effect or be reinstated, as the case may be, in the event that all or any part of such payment(s) is rescinded or recovered directly or indirectly from Guarantied Party or any
other Beneficiary as a preference, fraudulent transfer or otherwise, and any such payments that are so rescinded or recovered shall constitute Guarantied Obligations. 
 Subject to the other provisions of this Section 1, upon the failure of Company to pay any of the Guarantied Obligations when and as the same shall become due, each Guarantor will upon demand pay, or cause to be
paid, in cash, to Guarantied Party for the ratable benefit of Beneficiaries, an amount equal to the aggregate of the unpaid Guarantied Obligations. 
 (b) Anything contained in this Guaranty to the contrary notwithstanding, the obligations of each Guarantor under this Guaranty and the other Loan Documents shall be limited to a maximum aggregate amount equal to the largest amount that
would not render its obligations hereunder subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any applicable provisions of comparable state law (collectively, the
“Fraudulent Transfer Laws”), in each case after giving effect to all other liabilities of such Guarantor, contingent or otherwise, that are relevant under the Fraudulent Transfer Laws (specifically excluding, however, any
liabilities of such Guarantor (x) in respect of intercompany indebtedness to Company or other affiliates of Company to the extent that such indebtedness would be discharged in an amount equal to the amount paid by such Guarantor hereunder and
(y) under any guaranty of Subordinated Indebtedness which guaranty contains a limitation as to maximum amount similar to that set forth in this Section 1(b), pursuant to which the liability of such Guarantor hereunder is included in the
liabilities taken into account in determining such maximum amount) and after giving effect as assets to the value (as determined under the applicable provisions of the Fraudulent Transfer Laws) of any rights to subrogation, reimbursement,
indemnification or contribution of such Guarantor pursuant to applicable law or pursuant to the terms of any agreement. 
 (c) Each Guarantor
under this Guaranty, and each guarantor under other guaranties, if any, relating to the Credit Agreement (the “Related Guaranties”) that contain a contribution provision similar to that set forth in this Section 1(c), together
desire to allocate among themselves (collectively, the “Contributing Guarantors”), in a fair and equitable manner, their obligations arising under this Guaranty and the Related Guaranties. Accordingly, in the event any payment or
distribution is made on any date by a Guarantor under this Guaranty or a guarantor under a Related Guaranty, each such Guarantor or such other guarantor shall be entitled to a contribution from each of the other Contributing Guarantors in the
maximum amount permitted by law so as to maximize the aggregate amount of the Guarantied Obligations paid to Beneficiaries. 
 2. Guaranty
Absolute; Continuing Guaranty. The obligations of each Guarantor hereunder are irrevocable, absolute, independent and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or
surety other than payment in full of the Guarantied Obligations. In furtherance of the foregoing and without limiting the generality thereof, each Guarantor agrees that: (a) this Guaranty is a guaranty of payment when due and not of
collectibility; (b) Guarantied Party may enforce this 

  

					
		  	IX-3	  	Subsidiary Guaranty

 
Guaranty upon the occurrence and during the continuance of an Event of Default under the Credit Agreement or the occurrence of an early termination date or
similar event under any Lender Swap Agreements notwithstanding the existence of any dispute between Company and any Beneficiary with respect to the existence of such event; (c) the obligations of each Guarantor hereunder are independent of the
obligations of Company under the Loan Documents or the Lender Swap Agreements and the obligations of any other guarantor of obligations of Company and a separate action or actions may be brought and prosecuted against each Guarantor whether or not
any action is brought against Company or any of such other guarantors and whether or not Company is joined in any such action or actions; and (d) a payment of a portion, but not all, of the Guarantied Obligations by one or more Guarantors shall
in no way limit, affect, modify or abridge the liability of such or any other Guarantor for any portion of the Guarantied Obligations that has not been paid. This Guaranty is a continuing guaranty and shall be binding upon each Guarantor and its
successors and assigns, and each Guarantor irrevocably waives any right (including any such right arising under California Civil Code Section 2815) to revoke this Guaranty as to future transactions giving rise to any Guarantied Obligations.

 3. Actions by Beneficiaries. Any Beneficiary may from time to time, without notice or demand and without affecting the validity or
enforceability of this Guaranty or giving rise to any limitation, impairment or discharge of any Guarantor’s liability hereunder, (a) renew, extend, accelerate or otherwise change the time, place, manner or terms of payment of the
Guarantied Obligations, (b) settle, compromise, release or discharge, or accept or refuse any offer of performance with respect to, or substitutions for, the Guarantied Obligations or any agreement relating thereto and/or subordinate the
payment of the same to the payment of any other obligations, (c) request and accept other guaranties of the Guarantied Obligations and take and hold security for the payment of this Guaranty or the Guarantied Obligations, (d) release,
exchange, compromise, subordinate or modify, with or without consideration, any security for payment of the Guarantied Obligations, any other guaranties of the Guarantied Obligations, or any other obligation of any Person with respect to the
Guarantied Obligations, (e) enforce and apply any security now or hereafter held by or for the benefit of any Beneficiary in respect of this Guaranty or the Guarantied Obligations and direct the order or manner of sale thereof, or exercise any
other right or remedy that Guarantied Party or the other Beneficiaries, or any of them, may have against any such security, as Guarantied Party in its discretion may determine consistent with the Credit Agreement, the Lender Swap Agreements and any
applicable security agreement, including foreclosure on any such security pursuant to one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable, and (f) exercise any other rights
available to Guarantied Party or the other Beneficiaries, or any of them, under the Loan Documents or the Lender Swap Agreements. 
 4. No
Discharge. This Guaranty and the obligations of Guarantors hereunder shall be valid and enforceable and shall not be subject to any limitation, impairment or discharge for any reason (other than payment in full of the Guarantied Obligations),
including the occurrence of any of the following, whether or not any Guarantor shall have had notice or knowledge of any of them: (a) any failure to assert or enforce or agreement not to assert or enforce, or the stay or enjoining, by order of
court, by operation of law or otherwise, of the exercise or enforcement of, any claim or demand or any right, power or remedy with respect to the Guarantied Obligations or any agreement relating thereto, or with respect to any other guaranty of or
security for the payment of the Guarantied Obligations, (b) any waiver or 

  

					
		  	IX-4	  	Subsidiary Guaranty

 
modification of, or any consent to departure from, any of the terms or provisions of the Credit Agreement, any of the other Loan Documents, the Lender Swap
Agreements or any agreement or instrument executed pursuant thereto, or of any other guaranty or security for the Guarantied Obligations, (c) the Guarantied Obligations, or any agreement relating thereto, at any time being found to be illegal,
invalid or unenforceable in any respect, (d) the application of payments received from any source to the payment of indebtedness other than the Guarantied Obligations, even though Guarantied Party or the other Beneficiaries, or any of them,
might have elected to apply such payment to any part or all of the Guarantied Obligations, (e) any failure to perfect or continue perfection of a security interest in any collateral which secures any of the Guarantied Obligations, (f) any
defenses, set-offs or counterclaims which Company may assert against Guarantied Party or any Beneficiary in respect of the Guarantied Obligations, including failure of consideration, breach of warranty, payment, statute of frauds, statute of
limitations, accord and satisfaction and usury, and (g) any other act or thing or omission, or delay to do any other act or thing, which may or might in any manner or to any extent vary the risk of a Guarantor as an obligor in respect of the
Guarantied Obligations. 
 5. Waivers. Each Guarantor waives, for the benefit of Beneficiaries: (a) any right to require
Guarantied Party or the other Beneficiaries, as a condition of payment or performance by such Guarantor, to (i) proceed against Company, any other guarantor of the Guarantied Obligations or any other Person, (ii) proceed against or exhaust
any security held from Company, any other guarantor of the Guarantied Obligations or any other Person, (iii) proceed against or have resort to any balance of any deposit account or credit on the books of any Beneficiary in favor of Company or
any other Person, or (iv) pursue any other remedy in the power of any Beneficiary; (b) any defense arising by reason of the incapacity, lack of authority or any disability or other defense of Company including any defense based on or
arising out of the lack of validity or the unenforceability of the Guarantied Obligations or any agreement or instrument relating thereto or by reason of the cessation of the liability of Company from any cause other than payment in full of the
Guarantied Obligations; (c) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the principal; (d) any defense
based upon Guarantied Party’s or any other Beneficiary’s errors or omissions in the administration of the Guarantied Obligations, except behavior that amounts to bad faith; (e) (i) any principles or provisions of law, statutory
or otherwise, that are or might be in conflict with the terms of this Guaranty and any legal or equitable discharge of such Guarantor’s obligations hereunder, (ii) the benefit of any statute of limitations affecting such Guarantor’s
liability hereunder or the enforcement hereof, (iii) any rights to set-offs, recoupments and counterclaims, and (iv) promptness, diligence and any requirement that any Beneficiary protect, secure, perfect or insure any Lien or any property
subject thereto; (f) notices, demands, presentments, protests, notices of protest, notices of dishonor and notices of any action or inaction, including acceptance of this Guaranty, notices of default under the Credit Agreement, notices of
default or early termination under any Lender Swap Agreement or any agreement or instrument related thereto, notices of any renewal, extension or modification of the Guarantied Obligations or any agreement related thereto, notices of any extension
of credit to Company and notices of any of the matters referred to in Sections 3 and 4 and any right to consent to any thereof; and (g) to the fullest extent permitted by law, any defenses or benefits that may be derived from or afforded by law
which limit the liability of or exonerate guarantors or sureties, or which may conflict with the terms of this Guaranty. 
  

					
		  	IX-5	  	Subsidiary Guaranty

 As used in this paragraph, any reference to “the principal” includes Company, and any reference
to “the creditor” includes Guarantied Party and each other Beneficiary. In accordance with Section 2856 of the California Civil Code (a) each Guarantor waives any and all rights and defenses available to it by reason of Sections
2787 to 2855, inclusive, of the California Civil Code. No other provision of this Guaranty shall be construed as limiting the generality of any of the covenants and waivers set forth in this paragraph. As provided below, this Guaranty shall be
governed by, and shall be construed and enforced in accordance with, the internal laws of the State of New York, without regard to conflicts of laws principles. This paragraph is included solely out of an abundance of caution, and shall not be
construed to mean that any of the above-referenced provisions of California law are in any way applicable to this Guaranty or to any of the Guarantied Obligations. 
 6. Guarantors’ Rights of Subrogation, Contribution, Etc.; Subordination of Other Obligations. Until the Guarantied Obligations shall have been paid in full and the Commitments shall have terminated and all
Letters of Credit shall have expired or been cancelled, each Guarantor shall withhold exercise of (a) any claim, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against Company or any of its assets in
connection with this Guaranty or the performance by such Guarantor of its obligations hereunder, in each case whether such claim, right or remedy arises in equity, under contract, by statute (including under California Civil Code Section 2847,
2848 or 2849), under common law or otherwise and including (i) any right of subrogation, reimbursement or indemnification that such Guarantor now has or may hereafter have against Company, (ii) any right to enforce, or to participate in,
any claim, right or remedy that any Beneficiary now has or may hereafter have against Company, and (iii) any benefit of, and any right to participate in, any collateral or security now or hereafter held by any Beneficiary and (b) any right
of contribution such Guarantor now has or may hereafter have against any other guarantor of any of the Guarantied Obligations. Each Guarantor further agrees that, to the extent the agreement to withhold the exercise of its rights of subrogation,
reimbursement, indemnification and contribution as set forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement or indemnification such Guarantor may have against
Company or against any collateral or security, and any rights of contribution such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights Guarantied Party or the other Beneficiaries may have against
Company, to all right, title and interest Guarantied Party or the other Beneficiaries may have in any such collateral or security, and to any right Guarantied Party or the other Beneficiaries may have against such other guarantor. 
 Any indebtedness of Company now or hereafter held by any Guarantor is subordinated in right of payment to the Guarantied Obligations, and any such
indebtedness of Company to a Guarantor collected or received by such Guarantor after an Event of Default has occurred and is continuing, and any amount paid to a Guarantor on account of any subrogation, reimbursement, indemnification or contribution
rights referred to in the preceding paragraph when all Guarantied Obligations have not been paid in full, shall be held in trust for Guarantied Party on behalf of Beneficiaries and shall forthwith be paid over to Guarantied Party for the benefit of
Beneficiaries to be credited and applied against the Guarantied Obligations. 
  

					
		  	IX-6	  	Subsidiary Guaranty

 7. Expenses. Guarantors jointly and severally agree to pay, or cause to be paid, on demand, and to
hold Guarantied Party and the other Beneficiaries harmless against liability for, (i) any and all costs and expenses (including fees, costs of settlement, and disbursements of counsel and allocated costs of internal counsel) incurred or
expended by Guarantied Party or any other Beneficiary in connection with the enforcement of or preservation of any rights under this Guaranty and (ii) any and all reasonable costs and expenses (including those arising from rights of
indemnification) required to be paid by Guarantors under the provisions of any other Loan Document. 
 8. Financial Condition of
Company. No Beneficiary shall have any obligation, and each Guarantor waives any duty on the part of any Beneficiary, to disclose or discuss with such Guarantor its assessment, or such Guarantor’s assessment, of the financial condition of
Company or any matter or fact relating to the business, operations or condition of Company. Each Guarantor has adequate means to obtain information from Company on a continuing basis concerning the financial condition of Company and its ability to
perform its obligations under the Loan Documents and the Lender Swap Agreements, and each Guarantor assumes the responsibility for being and keeping informed of the financial condition of Company and of all circumstances bearing upon the risk of
nonpayment of the Guarantied Obligations. 
 9. Representations and Warranties. Each Guarantor makes, for the benefit of
Beneficiaries, each of the representations and warranties made in the Credit Agreement by Company as to such Guarantor, its assets, financial condition, operations, organization, legal status, business and the Loan Documents to which it is a party.

 10. Covenants. Each Guarantor agrees that, so long as any part of the Guarantied Obligations shall remain unpaid, any Letter of
Credit shall be outstanding, or any Lender shall have any Commitment or any Swap Counterparty shall have any obligation under any Lender Swap Agreement, such Guarantor will, unless Requisite Obligees (as such term is defined in Section 18(a))
shall otherwise consent in writing, perform or observe, and cause its Subsidiaries to perform or observe, all of the terms, covenants and agreements that the Loan Documents state that Company is to cause a Guarantor and such Subsidiaries to perform
or observe. 
 11. Set Off. In addition to any other rights any Beneficiary may have under law or in equity, if any amount shall at
any time be due and owing by a Guarantor to any Beneficiary under this Guaranty, such Beneficiary is authorized at any time or from time to time, without notice (any such notice being expressly waived), to set off and to appropriate and to apply any
and all deposits (general or special, including indebtedness evidenced by certificates of deposit, whether matured or unmatured) and any other indebtedness of such Beneficiary owing to a Guarantor and any other property of such Guarantor held by a
Beneficiary to or for the credit or the account of such Guarantor against and on account of the Guarantied Obligations and liabilities of such Guarantor to any Beneficiary under this Guaranty. 
 12. Application of Proceeds. Except as expressly provided elsewhere in this Guaranty, all proceeds received by Guarantied Party on account of the
Guarantied Obligations from any Guarantor shall be applied as provided in subsection 2.4C of the Credit Agreement. 
  

					
		  	IX-7	  	Subsidiary Guaranty

 13. Discharge of Guaranty Upon Sale of Guarantor. If all of the stock of a Guarantor or any of its
successors in interest under this Guaranty shall be sold or otherwise disposed of (including by merger or consolidation) in a sale or other disposition to a Person (other than a Subsidiary or an Affiliate of Company) not prohibited by the Credit
Agreement or otherwise consented to by Requisite Obligees (as such term is defined in Section 18(a)), such Guarantor or such successor in interest, as the case may be, may request Guarantied Party to execute and deliver documents or instruments
necessary to evidence the release and discharge of this Guaranty as provided in subsection 10.14 of the Credit Agreement. 
 14.
Amendments and Waivers. No amendment, modification, termination or waiver of any provision of this Guaranty, and no consent to any departure by any Guarantor therefrom, shall in any event be effective without the written concurrence of
Guarantied Party and, in the case of any such amendment or modification, Guarantors. Any such waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. 
 15. Miscellaneous. It is not necessary for Beneficiaries to inquire into the capacity or powers of any Guarantor or Company or the officers,
directors or any agents acting or purporting to act on behalf of any of them. 
 The rights, powers and remedies given to Beneficiaries by
this Guaranty are cumulative and shall be in addition to and independent of all rights, powers and remedies given to Beneficiaries by virtue of any statute or rule of law or in any of the Loan Documents or the Lender Swap Agreements or any agreement
between one or more Guarantors and one or more Beneficiaries or between Company and one or more Beneficiaries. Any forbearance or failure to exercise, and any delay by any Beneficiary in exercising, any right, power or remedy hereunder shall not
impair any such right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or remedy. 
 In case any provision in or obligation under this Guaranty shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of
such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 
 THIS GUARANTY AND THE
RIGHTS AND OBLIGATIONS OF GUARANTORS, GUARANTIED PARTY AND THE OTHER BENEFICIARIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE
GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT WOULD REQUIRE APPLICATION OF ANOTHER LAW. 
 This Guaranty shall inure to the benefit of Beneficiaries and their respective successors and assigns. 
 ALL
JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY GUARANTOR ARISING OUT OF OR RELATING TO THIS GUARANTY MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE OF NEW YORK, AND BY EXECUTION AND DELIVERY OF THIS GUARANTY EACH

  

					
		  	IX-8	  	Subsidiary Guaranty

 
GUARANTOR ACCEPTS FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE NONEXCLUSIVE JURISDICTION OF THE AFORESAID COURTS AND
WAIVES ANY DEFENSE OF FORUM NON CONVENIENS AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS GUARANTY. Each Guarantor agrees that service of all process in any such proceeding in any such court may be
made by registered or certified mail, return receipt requested, to such Guarantor at its address set forth below its signature hereto, such service being acknowledged by such Guarantor to be sufficient for personal jurisdiction in any action against
such Guarantor in any such court and to be otherwise effective and binding service in every respect. Nothing herein shall affect the right to serve process in any other manner permitted by law or shall limit the right of Guarantied Party or any
Beneficiary to bring proceedings against such Guarantor in the courts of any other jurisdiction. 
 EACH GUARANTOR AND, BY ITS ACCEPTANCE
OF THE BENEFITS HEREOF, GUARANTIED PARTY EACH AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS GUARANTY. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND
ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH GUARANTOR AND, BY ITS ACCEPTANCE
OF THE BENEFITS HEREOF, GUARANTIED PARTY EACH (I) ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT FOR SUCH GUARANTOR AND GUARANTIED PARTY TO ENTER INTO A BUSINESS RELATIONSHIP, THAT SUCH GUARANTOR AND GUARANTIED PARTY HAVE ALREADY RELIED
ON THIS WAIVER IN ENTERING INTO THIS GUARANTY OR ACCEPTING THE BENEFITS THEREOF, AS THE CASE MAY BE, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS, AND (II) FURTHER WARRANTS AND REPRESENTS THAT EACH HAS
REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING,
AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS OF THIS GUARANTY. In the event of litigation, this Guaranty may be filed as a written consent to a trial by the court. 
 16. Additional Guarantors. The initial Guarantor(s) hereunder shall be such of the Subsidiaries of Company as are signatories hereto on the date
hereof. From time to time subsequent to the date hereof, Subsidiaries of Company may become parties hereto, as additional Guarantors (each an “Additional Guarantor”), by executing a counterpart to this Guaranty substantially in the
form of Exhibit A annexed hereto (a “Counterpart”). Upon delivery of any such Counterpart to Guarantied Party, notice of which is hereby waived by Guarantors, each such Additional Guarantor shall be a Guarantor and shall be
as fully a party hereto as if such Additional Guarantor were an original signatory hereof. Each Guarantor expressly agrees that its 

  

					
		  	IX-9	  	Subsidiary Guaranty

 
obligations arising hereunder shall not be affected or diminished by the addition or release of any other Guarantor hereunder, nor by any election of
Guarantied Party not to cause any Subsidiary of Company to become an Additional Guarantor hereunder. This Guaranty shall be fully effective as to any Guarantor that is or becomes a party hereto regardless of whether any other Person becomes or fails
to become or ceases to be a Guarantor hereunder. 
 17. Counterparts; Effectiveness. This Guaranty may be executed in any number of
counterparts and by the different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be an original for all purposes; but all such counterparts together shall constitute but one and the same
instrument. This Guaranty shall become effective as to each Guarantor upon the execution of a Counterpart hereof by such Guarantor (whether or not a Counterpart hereof shall have been executed by any other Guarantor) and receipt by Guarantied Party
of written or telephonic notification of such execution and authorization of delivery thereof. 
 18. Guarantied Party as Agent.

 (a) Guarantied Party has been appointed to act as Guarantied Party hereunder by Lenders. Guarantied Party shall be obligated, and
shall have the right hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action, solely in accordance with this Guaranty and the Credit Agreement; provided
that Guarantied Party shall exercise, or refrain from exercising, any remedies under or with respect to this Guaranty in accordance with the instructions of (i) Requisite Lenders, or (ii) after payment in full of all Obligations under the
Credit Agreement and the other Loan Documents, the cancellation or expiration of all Letters of Credit and the termination of the Commitments, the holders of a majority of (A) the aggregate notional amount under all Lender Swap Agreements
(including Lender Swap Agreements that have been terminated) or (B) if all Lender Swap Agreements have been terminated in accordance with their terms, the aggregate amount then due and payable (exclusive of expenses and similar payments but
including any early termination payments then due) under such Lender Swap Agreements (Requisite Lenders or, if applicable, such holders being referred to herein as “Requisite Obligees”). 
 (b) Guarantied Party shall at all times be the same Person that is Administrative Agent under the Credit Agreement. Written notice of resignation by
Administrative Agent pursuant to subsection 9.5 of the Credit Agreement shall also constitute notice of resignation as Guarantied Party under this Guaranty; and appointment of a successor Administrative Agent pursuant to subsection 9.5 of the Credit
Agreement shall also constitute appointment of a successor Guarantied Party under this Guaranty. Upon the acceptance of any appointment as Administrative Agent under subsection 9.5 of the Credit Agreement by a successor Administrative Agent, that
successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Guarantied Party under this Guaranty, and the retiring Guarantied Party under this Guaranty shall promptly
(i) transfer to such successor Guarantied Party all sums held hereunder, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Guarantied Party under this
Guaranty, and (ii) take such other actions as may be necessary or appropriate in connection with the assignment to such successor Guarantied Party of the rights created hereunder, whereupon such retiring Guarantied Party shall be discharged

  

					
		  	IX-10	  	Subsidiary Guaranty

 
from its duties and obligations under this Guaranty. After any retiring Guarantied Party’s resignation hereunder as Guarantied Party, the provisions of
this Guaranty shall inure to its benefits as to any actions taken or omitted to be taken by it under this Guaranty while it was Guarantied Party hereunder. 
 19. Notice of Lender Swap Agreements. Guarantied Party shall not be deemed to have any duty whatsoever with respect to any Swap Counterparty until it shall have received written notice in form and substance
satisfactory to Guarantied Party from Company, a Guarantor or the Swap Counterparty as to the existence and terms of the applicable Lender Swap Agreement. 
 [signatures follow] 
  

					
		  	IX-11	  	Subsidiary Guaranty

 IN WITNESS WHEREOF, each Guarantor and Guarantied Party, solely for the purposes of the waiver of
the right to jury trial contained in Section 15, have caused this Guaranty to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	R.C. EQUIPMENT, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	R.F. INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	RCSH HOLDINGS, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

  

					
		  	IX-1	  	Subsidiary Guaranty

			
	RCSH MANAGEMENT, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	RCSH OPERATIONS, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	RCSH OPERATIONS, LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	RCSH PROMOTIONS, LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

  

					
		  	IX-2	  	Subsidiary Guaranty

			
	RUTH’S CHRIS STEAK HOUSE BOSTON, LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	RUTH’S CHRIS STEAK HOUSE DALLAS, L.P.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	RUTH’S CHRIS STEAK HOUSE TEXAS, L.P.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	RUTH’S CHRIS STEAK HOUSE #15, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

  

					
		  	IX-3	  	Subsidiary Guaranty

			
	RUTH’S CHRIS STEAK HOUSE FRANCHISE, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	RHG FISH MARKET, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	RHG KINGFISH, LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

	
	RCSH MILLWORK, LLC
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 500 International Parkway, Suite 100
 Heathrow,
Florida 32746
 Attention: Chief Financial Officer

  

					
		  	IX-4	  	Subsidiary Guaranty

			
	RCSH UTAH, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 [                                       
                                         

                                        
                                         
]
 Attention: Chief Financial Officer

  

					
		  	IX-5	  	Subsidiary Guaranty

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, as Guarantied Party
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 Wells Fargo Restaurant Finance
 5938 Priestly Drive,
Suite 200
 Carlsbad, California 92008

  

					
		  	IX-6	  	Subsidiary Guaranty

 EXHIBIT A 
 [FORM OF COUNTERPART FOR ADDITIONAL GUARANTORS] 
 This COUNTERPART (this
“Counterpart”), dated as of             , 20    , is delivered pursuant to Section 16 of the Guaranty referred to below. The
undersigned hereby agrees that this Counterpart may be attached to the First Amended and Restated Subsidiary Guaranty, dated as of [February __], 2008 (as it may be from time to time amended, restated, supplemented, or otherwise modified, the
“Guaranty”; capitalized terms defined therein and not otherwise defined herein being used herein as therein defined), among Guarantors named therein and Wells Fargo Bank, National Association, as Guarantied Party. The undersigned,
by executing and delivering this Counterpart, hereby becomes an Additional Guarantor under the Guaranty in accordance with Section 16 thereof and agrees to be bound by all of the terms thereof. 
 IN WITNESS WHEREOF, the undersigned has caused this Counterpart to be duly executed and delivered by its officer thereunto duly authorized as of
the date first written above. 
  

			
	[NAME OF ADDITIONAL GUARANTOR]
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	Address:	 	 
		 	 
		 	 

  

					
		  	IX-A-1	  	Subsidiary Guaranty

 EXHIBIT X 
 [FORM OF] FIRST AMENDED AND RESTATED 
 PLEDGE AND SECURITY AGREEMENT 
 This FIRST AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT (this “Agreement”) is dated as of [February __], 2008 and entered
into by and among RUTH’S CHRIS STEAK HOUSE, INC., a Delaware corporation (“Company”), each of THE UNDERSIGNED DIRECT AND INDIRECT SUBSIDIARIES of Company (each of such undersigned Subsidiaries being a
“Subsidiary Pledgor” and collectively “Subsidiary Pledgors”) and each ADDITIONAL PLEDGOR that may become a party hereto after the date hereof in accordance with Section 17 (each of Company, each
Subsidiary Pledgor, and each Additional Pledgor being a “Pledgor” and collectively “Pledgors”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as agent for and representative of (in such capacity herein called
“Secured Party”) the Beneficiaries (as herein defined). 
 PRELIMINARY STATEMENTS 
 A. Company has entered into that certain Credit Agreement dated as of September 27, 2005 with certain lenders (“Original Lenders”)
and Secured Party, as Administrative Agent for Original Lenders (said Credit Agreement, as amended, restated, supplemented or otherwise modified to the date hereof, being the “Original Credit Agreement”). 
 B. Company’s obligations under the Original Credit Agreement are secured by all of the Capital Stock of its Domestic Subsidiaries and 66% of the
Capital Stock of certain of its Foreign Subsidiaries pursuant to that certain Pledge Agreement dated as of September 27, 2005 (the “Original Pledge Agreement”) executed by Subsidiary Pledgors and Secured Party, as agent for and
representative of Original Lenders and certain other beneficiaries. 
 C. Concurrently herewith, Company, Secured Party and the financial
institutions from time to time party thereto (“Lenders”) are amending and restating the Original Credit Agreement in its entirety pursuant to that certain First Amended and Restated Credit Agreement dated as of [February __], 2008
(said First Amended and Restated Credit Agreement, as it may hereafter be amended, restated, supplemented or otherwise modified from time to time, being the “Credit Agreement”; capitalized terms defined therein and not otherwise
defined in Section 27 or elsewhere herein being used herein as therein defined). 
 D. Company may from time to time enter, or may from
time to time have entered, into one or more Lender Swap Agreements with one or more Swap Counterparties in accordance with the terms of the Credit Agreement, and it is desired that the obligations of Company under the Lender Swap Agreements,
including the obligation of Company to make payments thereunder in the event of early termination thereof, together with all obligations of Company under the Credit Agreement and all obligations of Company and each of the other Loan Parties under
the other Loan Documents, be secured hereunder. 
  

					
		  	X-1	  	Pledge and Security Agreement

 E. Secured Party, Lenders and each Swap Counterparty for which Secured Party has received the notice
required by Section 16(c) are sometimes referred to herein as “Beneficiaries”. 
 F. Subsidiary Pledgors have executed
and delivered the First Amended and Restated Subsidiary Guaranty in favor of Secured Party for the benefit of Lenders and any Swap Counterparties, pursuant to which each Subsidiary Pledgor has guarantied the prompt payment and performance when due
of all obligations of Company under the Credit Agreement and all obligations of Company under the Lender Swap Agreements. 
 G. It is a
condition precedent to the amendment and restatement of the Original Credit Agreement that Subsidiary Pledgors continue to provide a security interest in the Collateral (as herein defined) to secure the Secured Obligations (as herein defined) and
amend and restate the Original Pledge Agreement. 
 H. Pledgors and Secured Party are willing to amend and restate the Original Pledge
Agreement in its entirety as set forth herein. 
 NOW, THEREFORE, in consideration of the agreements set forth herein and in the
Credit Agreement and in order to induce Lenders and Secured Party to amend and restate the Original Credit Agreement and to make Loans and other extensions of credit under the Credit Agreement and to induce Swap Counterparties to enter into the
Lender Swap Agreements, each Pledgor hereby agrees with Secured Party as follows: 
 SECTION 1. Pledge of Security. 
 Each Pledgor hereby pledges and assigns to Secured Party, and hereby grants to Secured Party a security interest in, all of such Pledgor’s right,
title and interest in and to the following, in each case whether now or hereafter existing, whether tangible or intangible, whether now owned or hereafter acquired, wherever the same may be located and whether or not subject to the UCC (the
“Collateral”): 
 (a) all Equity Interests in a Person that is or becomes a direct Subsidiary of such Pledgor, including all
securities convertible into, and rights, warrants, options and other rights to purchase or otherwise acquire, any Equity Interest, and including those owned on the date hereof and described in Schedule 4 annexed hereto for such Pledgor, the
certificates or other instruments representing any of the foregoing and any interest of such Pledgor in the entries on the books of any securities intermediary pertaining thereto (the “Pledged Subsidiary Equity”), and all
distributions, dividends, and other property received, receivable or otherwise distributed in respect of or in exchange therefor; provided, that, if the issuer of any such Pledged Subsidiary Equity is a controlled foreign corporation (as such term
is defined in Section 957(a) of the Internal Revenue Code), the Pledged Subsidiary Equity shall not include any Equity Interests of such issuer to the extent that creation of a security interest by Pledgor in such Equity Interests could
reasonably be expected to result in material adverse tax consequences to Company, it being acknowledged and agreed that the creation of a security interest in Equity Interests possessing up to 66% of the voting power of all classes of Equity
Interests of such issuer entitled to vote will not result in such adverse tax consequences; 
  

					
		  	X-2	  	Pledge and Security Agreement

 (b) the Indebtedness from time to time owed to such Pledgor by any obligor that is or becomes a direct or
indirect Subsidiary of such Pledgor, is the parent of such Pledgor or controls, is controlled by or is under common control with such Pledgor, including the Indebtedness described in Schedule 5 annexed hereto for such Pledgor and issued by
the obligors named therein, the instruments evidencing such Indebtedness (the “Pledged Subsidiary Debt”), and all cash and other property received, receivable or otherwise distributed in respect of or in exchange therefor;

 (c) all Records that at any time evidence or contain information relating to any of the Collateral set forth in clauses (a), (b),
(d) and (e) of this Section or are otherwise necessary or helpful in the collection thereof or realization thereupon; 
 (d) the
Collateral Account, together with all amounts on deposit from time to time in the Collateral Account; and 
 (e) all Proceeds with respect to
any of the foregoing Collateral. The Collateral set forth in clauses (a), (b) and (c) above is collectively referred to herein as the “Pledged Collateral.” 
 SECTION 2. Security for Obligations. 
 This Agreement secures, and the Collateral is collateral
security for, the prompt payment or performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise, of all Secured Obligations of each Pledgor. “Secured Obligations”
means: 
 (a) with respect to Company, all obligations and liabilities of every nature of Company now or hereafter existing under or arising
out of or in connection with the Credit Agreement and the other Loan Documents and any Lender Swap Agreement; and 
 (b) with respect to each
Subsidiary Pledgor and Additional Pledgor, all obligations and liabilities of every nature of such Subsidiary Pledgor now or hereafter existing under or arising out of or in connection with the Subsidiary Guaranty; 
 in each case together with all extensions or renewals thereof, whether for principal, interest, reimbursement of amounts drawn under Letters of Credit, payments for
early termination of Lender Swap Agreements, fees, expenses, indemnities or otherwise, whether voluntary or involuntary, direct or indirect, absolute or contingent, liquidated or unliquidated, whether or not jointly owed with others, and whether or
not from time to time decreased or extinguished and later increased, created or incurred, and all or any portion of such obligations or liabilities that are paid, to the extent all or any part of such payment is avoided or recovered directly or
indirectly from Secured Party or any Lender or Swap Counterparty as a preference, fraudulent transfer or otherwise, and all obligations of every nature of Pledgors now or hereafter existing under this Agreement (including interest and other amounts
that, but for the filing of a petition in bankruptcy with respect to Company or any other Pledgor, would accrue on such obligations, whether or not a claim is allowed against Company or such Pledgor for such amounts in the related bankruptcy
proceeding). 
  

					
		  	X-3	  	Pledge and Security Agreement

 SECTION 3. Pledgors Remain Liable. 
 Anything contained herein to the contrary notwithstanding, (a) each Pledgor shall remain liable under any contracts and agreements included in or
related to the Collateral, to the extent set forth therein, to perform all of its duties and obligations thereunder to the same extent as if this Agreement had not been executed, (b) the exercise by Secured Party of any of its rights hereunder
shall not release any Pledgor from any of its duties or obligations under any such contracts and agreements, and (c) Secured Party shall not have any obligation or liability under any such contracts and agreements by reason of this Agreement,
nor shall Secured Party be obligated to perform any of the obligations or duties of any Pledgor thereunder or to take any action to collect or enforce any claim for payment assigned hereunder. 
 SECTION 4. Representations and Warranties. 
 Each Pledgor represents and warrants as follows: 
 (a) Ownership of Collateral. Except as expressly permitted by the Credit
Agreement, such Pledgor owns its interests in the Collateral free and clear of any Lien and no effective financing statement or other instrument similar in effect covering all or any part of the Collateral is on file in any filing or recording
office. 
 (b) Perfection. The security interests in the Collateral granted to Secured Party for the ratable benefit of Lenders and
Swap Counterparties hereunder constitute valid security interests in the Collateral, securing the payment of the Secured Obligations. Upon (i) the filing of UCC financing statements naming each Pledgor as “debtor”, naming Secured
Party as “secured party” and describing the Collateral in the filing offices with respect to such Pledgor set forth on Schedule 1 annexed hereto, (ii) in the case of the Pledged Collateral consisting of certificated Securities
or evidenced by Instruments, in addition to filing of such UCC financing statements, delivery of the certificates representing such certificated Securities and delivery of such Instruments to Secured Party, in each case duly endorsed or accompanied
by duly executed instruments of assignment or transfer in blank (and in the case of Pledged Collateral issued by a foreign issuer, any actions required under foreign law to perfect a security interest in such Pledged Collateral), the security
interests in the Collateral, granted to Secured Party for the ratable benefit of Lenders and Swap Counterparties, will constitute perfected security interests therein prior to all other Liens (except for Permitted Encumbrances and Liens permitted by
subsection 7.2A(ii) of the Credit Agreement), and all filings and other actions necessary or desirable to perfect and protect such security interests have been, or promptly after the Closing Date will be, duly made or taken. 
 (c) Office Locations; Type and Jurisdiction of Organization. Such Pledgor’s name as it appears in official filings in the jurisdiction of its
organization, type of organization (i.e. corporation, limited partnership, etc.), jurisdiction of organization, principal place of business, chief executive office, office where such Pledgor keeps its Records regarding the Collateral, and
organization number provided by the applicable Government Authority of the jurisdiction of organization are set forth on Schedule 2 annexed hereto. 
  

					
		  	X-4	  	Pledge and Security Agreement

 (d) Names. No Pledgor (or predecessor by merger or otherwise of such Pledgor) has, within the five
year period preceding the date hereof, or, in the case of an Additional Pledgor, the date of the applicable Counterpart (as herein defined), had a different name from the name of such Pledgor listed on the signature pages hereof, except the names
set forth on Schedule 3 annexed hereto. 
 (e) Delivery of Certain Pledged Collateral. All certificates or Instruments
evidencing, comprising or representing the Pledged Collateral have been delivered to Secured Party duly endorsed or accompanied by duly executed instruments of transfer or assignment in blank. 
 (f) Pledged Collateral. All of the Pledged Subsidiary Equity set forth on Schedule 4 annexed hereto has been duly authorized and validly
issued and is fully paid and non-assessable; all of the Pledged Subsidiary Debt set forth on Schedule 5 annexed hereto has been duly authorized and is the legally valid and binding obligation of the issuers thereof and is not in default;
there are no outstanding warrants, options or other rights to purchase, or other agreements outstanding with respect to, or property that is now or hereafter convertible into, or that requires the issuance or sale of, any Pledged Subsidiary Equity;
the Pledged Subsidiary Debt constitutes all of the issued and outstanding intercompany Indebtedness evidenced by a promissory note of the respective issuers thereof owing to such Pledgor; Schedule 4 annexed hereto sets forth all of the Equity
Interests and the Pledged Subsidiary Equity owned by each Pledgor, and the percentage ownership in each issuer thereof; and Schedule 5 annexed hereto sets forth all of the Pledged Subsidiary Debt owned by such Pledgor. 
 (g) Governmental Authorizations. No authorization, approval or other action by, and no notice to or filing with, any Government Authority is
required for either (i) the pledge by such Pledgor of the Collateral pursuant to this Agreement and the grant by such Pledgor of the security interest granted hereby, (ii) the execution, delivery or performance of this Agreement by such
Pledgor, or (iii) the exercise by Secured Party of the voting or other rights, or the remedies in respect of the Collateral, provided for in this Agreement (except as may be required in connection with a disposition of Collateral by laws
affecting the offering and sale of securities generally). 
 The representations and warranties as to the information set forth in Schedules
referred to herein are made as to each Pledgor (other than Additional Pledgors) as of the date hereof and, as to each Additional Pledgor, as of the date of the applicable Counterpart, except that, in the case of a Pledge Supplement, such
representations and warranties are made as of the date of such Pledge Supplement. 
 SECTION 5. Further Assurances. 
 (a) Generally. Each Pledgor agrees that from time to time, at the expense of such Pledgor, such Pledgor will promptly execute and deliver all
further instruments and documents, and take all further action, that may be necessary or reasonably desirable, or that Secured Party may reasonably request, in order to perfect and protect any security interest granted or purported to be granted
hereby or to enable Secured Party to exercise and enforce its rights and remedies hereunder with respect to any Collateral. Without limiting the generality of 

  

					
		  	X-5	  	Pledge and Security Agreement

 
the foregoing, each Pledgor will: (i) execute (if necessary) and file such financing or continuation statements, or amendments thereto, and such other
instruments or notices, as may be necessary or reasonably desirable, or as Secured Party may reasonably request, in order to perfect and preserve the security interests granted or purported to be granted hereby, (ii) deliver to Secured Party
all promissory notes and other Instruments, duly endorsed and accompanied by duly executed instruments of transfer or assignment, all in form and substance satisfactory to Secured Party, and (iii) at Secured Party’s request, appear in and
defend any action or proceeding that may affect such Pledgor’s title to or Secured Party’s security interest in all or any part of the Collateral. Each Pledgor hereby authorizes Secured Party to file one or more financing or continuation
statements, and amendments thereto, relative to all or any part of the Collateral without the signature of such Pledgor. 
 (b) Pledged
Collateral. Without limiting the generality of the foregoing Section 5(a), each Pledgor agrees that (i) all certificates or Instruments representing or evidencing the Pledged Collateral shall be delivered to and held by or on behalf of
Secured Party pursuant hereto and shall be in suitable form for transfer by delivery or, as applicable, shall be accompanied by such Pledgor’s endorsement, where necessary, or duly executed instruments of transfer or assignments in blank, all
in form and substance satisfactory to Secured Party and (ii) it will, upon obtaining any additional Equity Interests or Indebtedness, promptly (and in any event within ten Business Days) deliver to Secured Party a Pledge Supplement, duly
executed by such Pledgor, in respect of such additional Pledged Subsidiary Equity or Pledged Subsidiary Debt; provided, that the failure of any Pledgor to execute a Pledge Supplement with respect to any additional Pledged Subsidiary Equity or
Pledged Subsidiary Debt shall not impair the security interest of Secured Party therein or otherwise adversely affect the rights and remedies of Secured Party hereunder with respect thereto. Upon each such acquisition, the representations and
warranties contained in Section 4(f) shall be deemed to have been made by such Pledgor as to such Pledged Subsidiary Equity or Pledged Subsidiary Debt, whether or not such Pledge Supplement is delivered. 
 SECTION 6. Certain Covenants of Pledgors. 
 Each Pledgor shall: 
 (a) not use or permit any Collateral to be used unlawfully or in violation of any provision of this Agreement
or any applicable statute, regulation or ordinance; 
 (b) give Secured Party at least ten days’ prior written notice of (i) any
change in such Pledgor’s name, identity or corporate structure and (ii) any reincorporation, reorganization or other action that results in a change of the jurisdiction of organization of such Pledgor; 
 (c) if Secured Party gives value to enable such Pledgor to acquire rights in or the use of any Collateral, use such value for such purposes; 

(d) keep correct and accurate Records of Collateral at the locations described in Schedule 2 annexed hereto; and 
  

					
		  	X-6	  	Pledge and Security Agreement

 (e) permit representatives of Secured Party at any time during normal business hours to inspect and make
abstracts from such Records, and each Pledgor agrees to render to Secured Party, at such Pledgor’s cost and expense, such clerical and other assistance as may be reasonably requested with regard thereto. 
 SECTION 7. Certain Covenants with Respect to the Collateral. 
 (a) Form of Pledged Collateral. If any Pledged Collateral is not a Security pursuant to Section 8-103 of the UCC, no Pledgor shall take any action that, under such Section, converts such Pledged Collateral
into a Security without causing the issuer thereof to issue to it certificates or instruments evidencing such Pledged Collateral, which it shall promptly deliver to Secured Party as provided in Section 5(b). 
 (b) Covenants. Each Pledgor shall (i) not, except as expressly permitted by the Credit Agreement, permit any issuer of Pledged Subsidiary
Equity to merge or consolidate unless all the outstanding Equity Interests of the surviving or resulting Person are, upon such merger or consolidation, subject to the provisions of the last paragraph of Section 1, pledged and become Pledged
Collateral hereunder; (ii) cause each issuer of Pledged Subsidiary Equity not to issue Equity Interests in addition to or in substitution for the Pledged Subsidiary Equity issued by such issuer, except to such Pledgor; (iii) immediately
upon its acquisition (directly or indirectly) of any Equity Interests, including additional Equity Interests in each issuer of Pledged Subsidiary Equity, comply with Section 5(b), subject to the provisions of the last paragraph of
Section 1; (iv) immediately upon issuance of any and all Instruments or other evidences of additional Indebtedness from time to time owed to such Pledgor by any obligor on the Pledged Subsidiary Debt, comply with Section 5;
(v) promptly deliver to Secured Party all written notices received by it with respect to the Collateral; and (vi) at its expense (A) perform and comply in all material respects with all terms and provisions of any agreement related to
the Collateral required to be performed or complied with by it, (B) maintain all such agreements in full force and effect and (C) enforce all such agreements in accordance with their terms. 
 (c) Voting and Distributions. So long as no Event of Default shall have occurred and be continuing, (i) each Pledgor shall be entitled to
exercise any and all voting and other consensual rights pertaining to the Pledged Collateral or any part thereof for any purpose not prohibited by the terms of this Agreement or the Credit Agreement; provided, no Pledgor shall exercise or
refrain from exercising any such right if Secured Party shall have notified such Pledgor that, in Secured Party’s judgment, such action would have a material adverse effect on the value of the Pledged Collateral or any part thereof; and
(ii) each Pledgor shall be entitled to receive and retain any and all dividends, other distributions, principal and interest paid in respect of the Pledged Collateral. 
 Upon the occurrence and during the continuance of an Event of Default, (x) upon written notice from Secured Party to any Pledgor, all rights of such
Pledgor to exercise the voting and other consensual rights that it would otherwise be entitled to exercise pursuant hereto shall cease, and all such rights shall thereupon become vested in Secured Party who shall thereupon have the sole right to
exercise such voting and other consensual rights; (y) except as otherwise provided in the Credit Agreement, all rights of such Pledgor to receive the dividends, other distributions, principal and interest payments which it would otherwise be
authorized to 

  

					
		  	X-7	  	Pledge and Security Agreement

 
receive and retain pursuant hereto shall cease, and all such rights shall thereupon become vested in Secured Party who shall thereupon have the sole right to
receive and hold as Pledged Collateral such dividends, other distributions, principal and interest payments; and (z) all dividends, principal, interest payments and other distributions that are received by such Pledgor contrary to the
provisions of clause (y) above shall be received in trust for the benefit of Secured Party, shall be segregated from other funds of such Pledgor and shall forthwith be paid over to Secured Party as Pledged Collateral in the same form as so
received (with any necessary endorsements). 
 In order to permit Secured Party to exercise the voting and other consensual rights which it
may be entitled to exercise pursuant hereto and to receive all dividends and other distributions which it may be entitled to receive hereunder, (I) each Pledgor shall promptly execute and deliver (or cause to be executed and delivered) to
Secured Party all such proxies, dividend payment orders and other instruments as Secured Party may from time to time reasonably request, and (II) without limiting the effect of clause (I) above, each Pledgor hereby grants to Secured Party an
irrevocable proxy to vote the Pledged Subsidiary Equity and to exercise all other rights, powers, privileges and remedies to which a holder of the Pledged Subsidiary Equity would be entitled (including giving or withholding written consents of
holders of Equity Interests, calling special meetings of holders of Equity Interests and voting at such meetings), which proxy shall be effective, automatically and without the necessity of any action (including any transfer of any Pledged
Subsidiary Equity on the record books of the issuer thereof) by any other Person (including the issuer of the Pledged Subsidiary Equity or any officer or agent thereof), upon the occurrence of an Event of Default and which proxy shall only terminate
upon the payment in full of the Secured Obligations, the cure of such Event of Default or waiver thereof as evidenced by a writing executed by Secured Party. 
 SECTION 8. Collateral Account. 
 (a) Secured Party is hereby authorized to establish and maintain as a blocked account
under the sole dominion and control of Secured Party, a restricted Deposit Account designated as “Ruth’s Chris Steak House, Inc. Collateral Account”. All amounts at any time held in the Collateral Account shall be beneficially owned
by Pledgors but shall be held in the name of Secured Party hereunder, for the benefit of Beneficiaries, as collateral security for the Secured Obligations upon the terms and conditions set forth herein. Pledgors shall have no right to withdraw,
transfer or, except as expressly set forth herein or in the Credit Agreement, otherwise receive any funds deposited into the Collateral Account. Anything contained herein to the contrary notwithstanding, the Collateral Account shall be subject to
such applicable laws, and such applicable regulations of the Board of Governors of the Federal Reserve System and of any other appropriate banking or Government Authority, as may now or hereafter be in effect. All deposits of funds in the Collateral
Account shall be made by wire transfer (or, if applicable, by intra-bank transfer from another account of a Pledgor) of immediately available funds, in each case addressed in accordance with instructions of Secured Party. Each Pledgor shall,
promptly after initiating a transfer of funds to the Collateral Account, give notice to Secured Party by telefacsimile of the date, amount and method of delivery of such deposit. Cash held by Secured Party in the Collateral Account shall not be
invested by Secured Party but instead shall be maintained as a cash deposit in the Collateral Account pending application thereof as elsewhere provided in this Agreement or in the Credit Agreement. To the extent permitted under 

  

					
		  	X-8	  	Pledge and Security Agreement

 
Regulation Q of the Board of Governors of the Federal Reserve System or other applicable law, any cash held in the Collateral Account shall bear interest at
the standard rate paid by Secured Party to its customers for deposits of like amounts and terms. Subject to Secured Party’s rights hereunder, any interest earned on deposits of cash in the Collateral Account shall be deposited directly in, and
held in, the Collateral Account. 
 (b) In the event that Company is required to cash collateralize any Letter of Credit or Letters of Credit
pursuant to the Credit Agreement, other than pursuant to Section 8 of the Credit Agreement, in which case the provisions of Section 12(c) shall apply, subject to the provisions of the Credit Agreement, such cash collateral shall be
retained by Secured Party until such time as such Letter of Credit or Letters of Credit shall have expired or been surrendered and any drawings under such Letter of Credit or Letters of Credit paid in full, whether by reason of application of funds
in the Collateral Account or otherwise. Secured Party is authorized to apply any amount in the Collateral Account to pay any drawing on a Letter of Credit. Subject to the provisions of the Credit Agreement and Section 12(c), if any such cash
collateral is no longer required to be retained in the Collateral Account, it shall be paid by Secured Party to Company or at Company’s direction. 
 SECTION 9. Secured Party Appointed Attorney-in-Fact. 
 Each Pledgor hereby irrevocably appoints Secured Party as such
Pledgor’s attorney-in-fact, with full authority in the place and stead of such Pledgor and in the name of such Pledgor, Secured Party or otherwise, from time to time in Secured Party’s discretion to take any action and to execute any
instrument that Secured Party may deem necessary or advisable to accomplish the purposes of this Agreement, including: 
 (a) upon the
occurrence and during the continuance of an Event of Default, to ask for, demand, collect, sue for, recover, compound, receive and give acquittance and receipts for moneys due and to become due under or in respect of any of the Collateral;

 (b) upon the occurrence and during the continuance of an Event of Default, to receive, endorse and collect any instruments made payable to
such Pledgor representing any dividend, principal or interest payment or other distribution in respect of the Pledged Collateral or any part thereof and to give full discharge for the same; 
 (c) upon the occurrence and during the continuance of an Event of Default, to file any claims or take any action or institute any proceedings that
Secured Party may deem necessary or desirable for the collection of any of the Collateral or otherwise to enforce or protect the rights of Secured Party with respect to any of the Collateral; 
 (d) to pay or discharge taxes or Liens (other than taxes not required to be discharged pursuant to the Credit Agreement and Liens permitted under this
Agreement or the Credit Agreement) levied or placed upon or threatened against the Collateral, the legality or validity thereof and the amounts necessary to discharge the same to be determined by Secured Party in its sole discretion, any such
payments made by Secured Party to become obligations of such Pledgor to Secured Party, due and payable immediately without demand; and 
  

					
		  	X-9	  	Pledge and Security Agreement

 (e) upon the occurrence and during the continuance of an Event of Default, generally to sell, transfer,
pledge, make any agreement with respect to or otherwise deal with any of the Collateral as fully and completely as though Secured Party were the absolute owner thereof for all purposes, and to do, at Secured Party’s option and Pledgors’
expense, at any time or from time to time, all acts and things that Secured Party deems necessary to protect, preserve or realize upon the Collateral and Secured Party’s security interest therein in order to effect the intent of this Agreement,
all as fully and effectively as such Pledgor might do. 
 SECTION 10. Secured Party May Perform. 
 If any Pledgor fails to perform any agreement contained herein, Secured Party may itself perform, or cause performance of, such agreement, and the
expenses of Secured Party incurred in connection therewith shall be payable by Pledgors under Section 14(b). 
 SECTION 11. Standard of Care.

 The powers conferred on Secured Party hereunder are solely to protect its interest in the Collateral and shall not impose any duty upon
it to exercise any such powers. Except for the exercise of reasonable care in the custody of any Collateral in its possession and the accounting for moneys actually received by it hereunder, Secured Party shall have no duty as to any Collateral, it
being understood that Secured Party shall have no responsibility for (a) ascertaining or taking action with respect to calls, conversions, exchanges, maturities, tenders or other matters relating to any Pledged Collateral, whether or not
Secured Party has or is deemed to have knowledge of such matters, (b) taking any necessary steps to preserve rights against prior parties or any other rights pertaining to any Collateral, (c) taking any necessary steps to collect or
realize upon the Secured Obligations or any guarantee therefor, or any part thereof, or any of the Collateral, or (d) initiating any action to protect the Collateral against the possibility of a decline in market value. Secured Party shall be
deemed to have exercised reasonable care in the custody and preservation of Collateral in its possession if such Collateral is accorded treatment substantially equal to that which Secured Party accords its own property. 
 SECTION 12. Remedies. 
 (a) Generally.
If any Event of Default shall have occurred and be continuing, Secured Party may, subject to Section 16, exercise in respect of the Collateral, in addition to all other rights and remedies provided for herein or otherwise available to it, all
the rights and remedies of a secured party on default under the UCC (whether or not the UCC applies to the affected Collateral), and Secured Party also may, without notice except as specified below, sell the Collateral or any part thereof in one or
more parcels at public or private sale, at any exchange or broker’s board or at any of Secured Party’s offices or elsewhere, for cash, on credit or for future delivery, at such time or times and at such price or prices and upon such other
terms as Secured Party may deem commercially reasonable, irrespective of the impact of any such sales on the market price of the Collateral. Secured Party or any Beneficiary may be the purchaser of any or all of the Collateral at any such sale, and
Secured Party, as agent for and representative of Lenders and Swap Counterparties (but not any Lender or Swap Counterparty in its individual capacity unless Requisite Obligees shall otherwise agree in writing), shall be entitled, for the purpose of
bidding and making settlement or payment of the purchase price for all or any portion 

  

					
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of the Collateral sold at any such public sale, to use and apply any of the Secured Obligations as a credit on account of the purchase price for any
Collateral payable by Secured Party at such sale. Each purchaser at any such sale shall hold the property sold absolutely free from any claim or right on the part of any Pledgor, and each Pledgor hereby waives (to the extent permitted by applicable
law) all rights of redemption, stay and/or appraisal which it now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted. Each Pledgor agrees that, to the extent notice of sale shall be required
by law, at least ten days’ notice to such Pledgor of the time and place of any public sale or the time after which any private sale is to be made shall constitute reasonable notification. Secured Party shall not be obligated to make any sale of
Collateral regardless of notice of sale having been given. Secured Party may adjourn any public or private sale from time to time by announcement at the time and place fixed therefor, and such sale may, without further notice, be made at the time
and place to which it was so adjourned. Each Pledgor hereby waives any claims against Secured Party arising by reason of the fact that the price at which any Collateral may have been sold at such a private sale was less than the price which might
have been obtained at a public sale, even if Secured Party accepts the first offer received and does not offer such Collateral to more than one offeree. If the proceeds of any sale or other disposition of the Collateral are insufficient to pay all
the Secured Obligations, Pledgors shall be jointly and severally liable for the deficiency and the fees of any attorneys employed by Secured Party to collect such deficiency. Each Pledgor further agrees that a breach of any of the covenants
contained in this Section 12 will cause irreparable injury to Secured Party, that Secured Party has no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained in this Section shall be
specifically enforceable against such Pledgor, and each Pledgor hereby waives and agrees not to assert any defenses against an action for specific performance of such covenants except for a defense that no default has occurred giving rise to the
Secured Obligations becoming due and payable prior to their stated maturities. In addition, upon the occurrence and during the continuance of an Event of Default, Secured Party shall have the right, without notice to Pledgors, to transfer to or to
register in the name of Secured Party or any of its nominees any or all of the Pledged Collateral. 
 (b) Pledged Collateral. Each
Pledgor recognizes that, by reason of certain prohibitions contained in the Securities Act, and applicable state securities laws, Secured Party may be compelled, with respect to any sale of all or any part of the Pledged Collateral conducted without
prior registration or qualification of such Pledged Collateral under the Securities Act and/or such state securities laws, to limit purchasers to those who will agree, among other things, to acquire the Pledged Collateral for their own account, for
investment and not with a view to the distribution or resale thereof. Each Pledgor acknowledges that any such private placement may be at prices and on terms less favorable than those obtainable through a sale without such restrictions (including an
offering made pursuant to a registration statement under the Securities Act) and, notwithstanding such circumstances, each Pledgor agrees that any such private placement shall not be deemed, in and of itself, to be commercially unreasonable and that
Secured Party shall have no obligation to delay the sale of any Pledged Collateral for the period of time necessary to permit the issuer thereof to register it for a form of sale requiring registration under the Securities Act or under applicable
state securities laws, even if such issuer would, or should, agree to so register it. If Secured Party determines to exercise its right to sell any or all of the Pledged Collateral, upon written request, each Pledgor shall and shall cause each
issuer of any Pledged Collateral to be sold hereunder from time to time to furnish to Secured Party all such information as Secured Party may request in order to determine the amount of Pledged Collateral that may be sold by Secured Party in exempt
transactions under the Securities Act and the rules and regulations of the Securities and Exchange Commission thereunder, as the same are from time to time in effect. 
  

					
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 (c) Collateral Account. If an Event of Default has occurred and is continuing, any amounts on
deposit in the Collateral Account, except for funds deposited in the Collateral Account as described in the next sentence, shall be held by Secured Party and applied as Obligations become due or, if applicable, pursuant to subsection 2.4C of
the Credit Agreement. If, in accordance with Section 8 of the Credit Agreement, Company is required to pay to Secured Party an amount (the “Aggregate Available Amount”) equal to the maximum amount that may at any time be drawn
under all Letters of Credit then outstanding under the Credit Agreement, Company shall deliver funds in such an amount for deposit in the Collateral Account. Following such deposit in the Collateral Account, (i) upon any drawing under any
outstanding Letter of Credit, Secured Party shall apply any amount in the Collateral Account to reimburse the Issuing Lender for the amount of such drawing and (ii) in the event of cancellation or expiration of any Letter of Credit, or in the
event of any reduction in the maximum available amount under any Letter of Credit, Secured Party shall apply the amount then on deposit in the Collateral Account in excess of the Aggregate Available Amount (calculated giving effect to such
cancellation, expiration or reduction) as provided in Section 13. 
 SECTION 13. Application of Proceeds. 
 Except as expressly provided elsewhere in this Agreement, all proceeds received by Secured Party in respect of any sale of, collection from, or other
realization upon all or any part of the Collateral shall be applied as provided in subsection 2.4C of the Credit Agreement. 
 SECTION 14. Indemnity
and Expenses. 
 (a) Pledgors jointly and severally agree to indemnify Secured Party, each Lender and each Swap Counterparty from and
against any and all claims, losses and liabilities in any way relating to, growing out of or resulting from this Agreement and the transactions contemplated hereby (including enforcement of this Agreement), except to the extent such claims, losses
or liabilities result solely from Secured Party’s or such Lender’s or Swap Counterparty’s gross negligence or willful misconduct as finally determined by a court of competent jurisdiction. 
 (b) Pledgors jointly and severally agree to pay to Secured Party upon demand the amount of any and all costs and expenses in accordance with subsection
10.2 of the Credit Agreement. 
 (c) The obligations of Pledgors in this Section 14 shall (i) survive the termination of this
Agreement and the discharge of Pledgors’ other obligations under this Agreement, the Lender Swap Agreements, the Credit Agreement and the other Loan Documents and (ii), as to any Pledgor that is a party to the Subsidiary Guaranty, be subject to
the provisions of Section 1(b) thereof. 
  

					
		  	X-12	  	Pledge and Security Agreement

 SECTION 15. Continuing Security Interest; Transfer of Loans; Termination and Release. 
 (a) This Agreement shall create a continuing security interest in the Collateral and shall (i) remain in full force and effect until the payment in
full of the Secured Obligations, the cancellation or termination of the Commitments and the cancellation or expiration of all outstanding Letters of Credit (or the securing of reimbursement Obligations in respect thereof with cash collateral or
letters of credit in a manner satisfactory to Secured Party), (ii) be binding upon Pledgors and their respective successors and assigns, and (iii) inure, together with the rights and remedies of Secured Party hereunder, to the benefit of
Secured Party and its successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), (A) but subject to the provisions of subsection 10.1 of the Credit Agreement, any Lender may assign or otherwise transfer
any Loans held by it to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Lenders herein or otherwise and (B) any Swap Counterparty may assign or otherwise transfer any
Lender Swap Agreement to which it is a party to any other Person in accordance with the terms of such Lender Swap Agreement, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to Swap Counterparties
herein or otherwise. 
 (b) Upon the payment in full of all Secured Obligations, the cancellation or termination of the Commitments and the
cancellation or expiration of all outstanding Letters of Credit (or the securing of reimbursement Obligations in respect thereof with cash collateral or letters of credit in a manner satisfactory to Secured Party), the security interest granted
hereby (other than with respect to any cash collateral in respect of Letters of Credit) shall terminate and all rights to the Collateral shall revert to the applicable Pledgors. Upon any such termination Secured Party will, at Pledgors’
expense, execute and deliver to Pledgors such documents as Pledgors shall reasonably request to evidence such termination. In addition, upon the proposed sale or other disposition of any Collateral by a Pledgor to any Person (other than a Subsidiary
or an Affiliate of Company) in accordance with the Credit Agreement for which such Pledgor desires to obtain a security interest release from Secured Party, such a release may be obtained pursuant to the provisions of subsection 10.14 of the Credit
Agreement. 
 SECTION 16. Secured Party as Agent. 
 (a) Secured Party has been appointed to act as Secured Party hereunder by Lenders and, by their acceptance of the benefits hereof, Swap Counterparties. Secured Party shall be obligated, and shall have the right
hereunder, to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking any action (including the release or substitution of Collateral), solely in accordance with this Agreement and the
Credit Agreement; provided that Secured Party shall exercise, or refrain from exercising, any remedies provided for in Section 12 in accordance with the instructions of Requisite Obligees. In furtherance of the foregoing provisions of this
Section 16(a), each Swap Counterparty, by its acceptance of the benefits hereof, agrees that it shall have no right individually to realize upon any of the Collateral hereunder, it being understood and agreed by such Swap Counterparty that all
rights and remedies hereunder may be exercised solely by Secured Party for the benefit of Lenders and Swap Counterparties in accordance with the terms of this Section 16(a). 
 (b) Secured Party shall at all times be the same Person that is Administrative Agent under the Credit Agreement. Written notice of resignation by
Administrative Agent pursuant to subsection 9.5 of the Credit Agreement shall also constitute notice of resignation as 

  

					
		  	X-13	  	Pledge and Security Agreement

 
Secured Party under this Agreement; and appointment of a successor Administrative Agent pursuant to subsection 9.5 of the Credit Agreement shall also
constitute appointment of a successor Secured Party under this Agreement. Upon the acceptance of any appointment as Administrative Agent under subsection 9.5 of the Credit Agreement by a successor Administrative Agent, that successor Administrative
Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Secured Party under this Agreement, and the retiring Secured Party under this Agreement shall promptly (i) transfer to such
successor Secured Party all sums, securities and other items of Collateral held hereunder, together with all records and other documents necessary or appropriate in connection with the performance of the duties of the successor Secured Party under
this Agreement, and (ii) execute (if necessary) and deliver to such successor Secured Party such amendments to financing statements, and take such other actions, as may be necessary or appropriate in connection with the assignment to such
successor Secured Party of the security interests created hereunder, whereupon such retiring Secured Party shall be discharged from its duties and obligations under this Agreement. After any retiring Administrative Agent’s resignation hereunder
as Secured Party, the provisions of this Agreement shall inure to its benefit as to any actions taken or omitted to be taken by it under this Agreement while it was Secured Party hereunder. 
 (c) Secured Party shall not be deemed to have any duty whatsoever with respect to any Swap Counterparty until it shall have received written notice in
form and substance satisfactory to Secured Party from a Pledgor or the Swap Counterparty as to the existence and terms of the applicable Lender Swap Agreement. 
 SECTION 17. Additional Pledgors. 
 The initial Pledgors hereunder shall be Company and such of the Subsidiary Pledgors
as are signatories hereto on the date hereof. From time to time subsequent to the date hereof, additional Subsidiaries of Company may become Additional Pledgors by executing a Counterpart. Upon delivery of any such Counterpart to Secured Party,
notice of which is hereby waived by Pledgors, each such Additional Pledgor shall be a Pledgor and shall be as fully a party hereto as if such Additional Pledgor were an original signatory hereto. Each Pledgor expressly agrees that its obligations
arising hereunder shall not be affected or diminished by the addition or release of any other Pledgor hereunder, nor by any election of Secured Party not to cause any Subsidiary of Company to become an Additional Pledgor hereunder. This Agreement
shall be fully effective as to any Pledgor that is or becomes a party hereto regardless of whether any other Person becomes or fails to become or ceases to be a Pledgor hereunder. 
 SECTION 18. Amendments; Etc. 
 No amendment, modification, termination or waiver of any
provision of this Agreement, and no consent to any departure by any Pledgor therefrom, shall in any event be effective unless the same shall be in writing and signed by Secured Party and, in the case of any such amendment or modification, by
Pledgors; provided this Agreement may be modified by the execution of a Counterpart by an Additional Pledgor in accordance with Section 17 and Pledgors hereby waive any requirement of notice of or consent to any such amendment. Any such
waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. 
  

					
		  	X-14	  	Pledge and Security Agreement

 SECTION 19. Notices. 
 Any notice or other communication herein required or permitted to be given shall be in writing and may be personally served or sent by telefacsimile or United States mail or courier service and shall be deemed to have
been given when delivered in person or by courier service, upon receipt of telefacsimile, or three Business Days after depositing it in the United States mail with postage prepaid and properly addressed; provided that notices to Secured Party
shall not be effective until received. For the purposes hereof, the address of each party hereto shall be as provided in subsection 10.8 of the Credit Agreement or, in the case of Secured Party, as set forth under Secured Party’s name on the
signature pages hereof, and, in the case of each Pledgor, as set forth on Schedule A annexed hereto, or such other address as shall be designated by such party in a written notice delivered to the other parties hereto. 
 SECTION 20. Failure or Indulgence Not Waiver; Remedies Cumulative. 
 No failure or delay on the part of Secured Party in the exercise of any power, right or privilege hereunder shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence
therein, nor shall any single or partial exercise of any such power, right or privilege preclude any other or further exercise thereof or of any other power, right or privilege. All rights and remedies existing under this Agreement are cumulative
to, and not exclusive of, any rights or remedies otherwise available. 
 SECTION 21. Severability. 
 In case any provision in or obligation under this Agreement shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and
enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 
 SECTION 22. Headings. 
 Section and subsection headings in this Agreement are included herein
for convenience of reference only and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect. 
 SECTION
23. Governing Law; Rules of Construction. 
 THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE
GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THAT
WOULD REQUIRE APPLICATION OF ANOTHER LAW, EXCEPT TO THE EXTENT THAT THE UCC PROVIDES THAT THE PERFECTION OF THE SECURITY INTEREST HEREUNDER, OR REMEDIES HEREUNDER, IN RESPECT OF ANY 

  

					
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PARTICULAR COLLATERAL ARE GOVERNED BY THE LAWS OF A JURISDICTION OTHER THAN THE STATE OF NEW YORK, IN WHICH CASE THE LAWS OF SUCH JURISDICTION SHALL GOVERN
WITH RESPECT TO THE PERFECTION OF THE SECURITY INTEREST IN, OR THE REMEDIES WITH RESPECT TO, SUCH PARTICULAR COLLATERAL. The rules of construction set forth in subsection 1.3 of the Credit Agreement shall be applicable to this Agreement mutatis
mutandis. 
 SECTION 24. Consent to Jurisdiction and Service of Process. 
 ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST ANY PLEDGOR ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR ANY OBLIGATIONS HEREUNDER, MAY BE BROUGHT IN ANY
STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, EACH PLEDGOR, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY (I) ACCEPTS GENERALLY AND
UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (II) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (III) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE MADE BY REGISTERED OR
CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO SUCH PLEDGOR AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 19; (IV) AGREES THAT SERVICE AS PROVIDED IN CLAUSE (III) ABOVE IS SUFFICIENT TO CONFER PERSONAL JURISDICTION OVER SUCH PLEDGOR IN ANY
SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; (V) AGREES THAT SECURED PARTY RETAINS THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST
SUCH PLEDGOR IN THE COURTS OF ANY OTHER JURISDICTION; AND (VI) AGREES THAT THE PROVISIONS OF THIS SECTION 24 RELATING TO JURISDICTION AND VENUE SHALL BE BINDING AND ENFORCEABLE TO THE FULLEST EXTENT PERMISSIBLE UNDER NEW YORK GENERAL
OBLIGATIONS LAW SECTION 5-1402 OR OTHERWISE. 
 SECTION 25. Waiver of Jury Trial. 
 PLEDGORS AND SECURED PARTY HEREBY AGREE TO WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS
AGREEMENT. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS,
AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PLEDGOR AND SECURED PARTY ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT FOR SUCH PLEDGOR AND SECURED PARTY TO ENTER INTO A BUSINESS RELATIONSHIP, THAT SUCH PLEDGOR AND SECURED PARTY HAVE
ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS. EACH PLEDGOR AND SECURED PARTY 

  

					
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FURTHER WARRANT AND REPRESENT THAT EACH HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL, AND THAT EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS
FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 25 AND EXECUTED BY EACH OF THE
PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS AGREEMENT. In the event of litigation, this Agreement may be filed as a written consent to a trial by the court. 
 SECTION 26. Counterparts. 
 This Agreement may
be executed in one or more counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same
instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document. 
 SECTION 27. Definitions. 
 (a) Each capitalized
term utilized in this Agreement that is not defined in the Credit Agreement or in this Agreement, but that is defined in the UCC, including the categories of Collateral listed in Section 1, shall have the meaning set forth in Articles 1, 8 or 9
of the UCC. 
 (b) In addition, the following terms used in this Agreement shall have the following meanings: 
 “Additional Pledgor” means a Subsidiary of Company that becomes a party hereto after the date hereof as an additional Pledgor by
executing a Counterpart. 
 “Agreement” means this First Amended and Restated Pledge and Security Agreement dated as of
[February __], 2008. 
 “Beneficiary” has the meaning set forth in the Preliminary Statements of this Agreement. 

“Collateral” has the meaning set forth in Section 1. 
 “Collateral Account” means the “Ruth’s Chris Steak House, Inc. Collateral Account” established pursuant to Section 8. 
 “Company” has the meaning set forth in the introduction to this Agreement. 
 “Counterpart” means a counterpart to this Agreement, substantially in the form of Exhibit II annexed hereto, entered into by a
Subsidiary of Company pursuant to Section 17. 
  

					
		  	X-17	  	Pledge and Security Agreement

 “Credit Agreement” has the meaning set forth in the Preliminary Statements of this
Agreement. 
 “Equity Interests” means all shares of stock, partnership interests, interests in Joint Ventures, limited
liability company interests and all other equity interests in a Person, whether such stock or interests are classified as Investment Property or General Intangibles under the UCC. 
 “Event of Default” means any Event of Default as defined in the Credit Agreement or, after payment in full of all Obligations under the
Credit Agreement and the other Loan Documents, the cancellation or expiration of all Letters of Credit and the termination of the Commitments, the occurrence of an Early Termination Date (as defined in a Master Agreement in the form prepared by the
International Swap and Derivatives Association, Inc. or a similar event under any similar swap agreement) under any Lender Swap Agreement. 
 “Lenders” has the meaning set forth in the Preliminary Statements of this Agreement. 
 “Lender Swap
Agreement” means an Interest Rate Agreement, Currency Agreement or other swap agreement between Company and a Swap Counterparty. 
 “Original Credit Agreement” has the meaning set forth in the Preliminary Statements of this Agreement. 
 “Original Lenders” has the meaning set forth in the Preliminary Statements of this Agreement. 
 “Original
Pledge Agreement” has the meaning set forth in the Preliminary Statements of this Agreement. 
 “Pledged
Collateral” has the meaning set forth in Section 1. 
 “Pledged Subsidiary Debt” has the meaning set forth in
Section 1(b). 
 “Pledged Subsidiary Equity” has the meaning set forth in Section 1(a). 
 “Pledge Supplement” means a Pledge Supplement, in substantially the form of Exhibit I annexed hereto, in respect of the
additional Pledged Subsidiary Equity or Pledged Subsidiary Debt pledged pursuant to this Agreement. 
 “Pledgor” has the
meaning set forth in the introduction to this Agreement. 
 “Requisite Obligees” means either (i) Requisite Lenders or
(ii), after payment in full of all Obligations under the Credit Agreement and the other Loan Documents, the cancellation or expiration of all Letters of Credit and the termination of the Commitments, the holders of a majority of (A) the
aggregate notional amount under all Lender Swap Agreements (including Lender Swap Agreements that have been terminated) or (B), if all Lender Swap Agreements have been terminated in accordance with their terms, the aggregate amount then due and
payable (exclusive of expenses and similar payments but including any early termination payments then due) under such Lender Swap Agreements. 
  

					
		  	X-18	  	Pledge and Security Agreement

 “Secured Obligations” has the meaning set forth in Section 2. 
 “Secured Party” has the meaning set forth in the introduction to this Agreement. 
 “Security” has the meaning set forth in the UCC. 
 “Subsidiary Pledgor” has the meaning set forth in the introduction to this Agreement. 
 “Swap Counterparty” means a Person that enters into a swap agreement with Company and is a Lender or an Affiliate of a Lender at the time such agreement is entered into. 
 “UCC” means the Uniform Commercial Code, as it exists on the date of this Agreement or as it may hereafter be amended, in the State of
New York. 
 [Remainder of page intentionally left blank] 
  

					
		  	X-19	  	Pledge and Security Agreement

 IN WITNESS WHEREOF, Pledgors and Secured Party have caused this Agreement to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

					
	RUTH’S CHRIS STEAK HOUSE, INC.
		
	By:	 	 
	Name:	 	 
	Title:	 	 
	
	 Notice Address: See Schedule A annexed hereto.
  
 Each of the entities listed on Schedule A annexed hereto

		
	By:	 	 
		 	on behalf of each of the entities listed on Schedule A annexed hereto
			
		 	Name:	 	 
		 	Title:	 	 

  

					
		  	X-20	  	Pledge and Security Agreement

					
	 WELLS FARGO BANK, NATIONAL ASSOCIATION
 as Administrative Agent, as Secured Party

		
	By:	 	 
		 	Name:	 	 
		 	Title:	 	 
	
	 Notice Address:
 Wells Fargo Restaurant
Finance
 5938 Priestly Drive, Suite 200
 Carlsbad, California
92008

  

					
		  	X-21	  	Pledge and Security Agreement

 SCHEDULE A 
 TO 
 FIRST AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 
  

			
	 Name
	  	 Notice Address for each Pledgor

		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

  

					
		  	X-Schedule A-1	  	Pledge and Security Agreement

 SCHEDULE 1 
 TO 
 FIRST AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 
 Filing Offices 
  

			
	 Pledgor
	  	 Filing Offices

		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

  

					
		  	X-Schedule 1-1	  	Pledge and Security Agreement

 SCHEDULE 2 
 TO 
 FIRST AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 
 Office Locations, Type and Jurisdiction of Organization 
  

									
	 Name of Pledgor
	 	 Type of
 Organization
	 	 Office
 Locations1
	  	 Jurisdiction of
Organization
	  	 Organization
 Number

		 		 		  		  	
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	
		 		 		  		  	

  

	1
	 List principal place of business, chief executive office and office where records regarding Collateral are kept. 

  

					
		  	X-Schedule 2-1	  	Pledge and Security Agreement

 SCHEDULE 3 
 TO 
 FIRST AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 
 Other Names 
  

			
	 Name of Pledgor
	  	 Other Names

		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

  

					
		  	X-Schedule 3-1	  	Pledge and Security Agreement

 SCHEDULE 4 
 TO 
 FIRST AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 
  

											
	 Equity Issuer
	 	 Class
 of Equity
	 	 Equity
Certificate Nos.
	  	 Par
Value
	  	 Amount of
Equity Interests
	  	 Percentage of
Outstanding
Equity Pledged

		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	
		 		 		  		  		  	

  

					
		  	X-Schedule 4-1	  	Pledge and Security Agreement

 SCHEDULE 5 
 TO 
 FIRST AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 
  

			
	 Debt Issuer
	  	 Amount of Indebtedness

		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	
		  	

  

					
		  	X-Schedule 5-1	  	Pledge and Security Agreement

 EXHIBIT I TO 
 FIRST AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 
 PLEDGE SUPPLEMENT 
 This PLEDGE SUPPLEMENT (this “Pledge Supplement”), dated as of
            , 20    , is delivered pursuant to Section 5(b) of the Pledge Agreement referred to below. 
 The undersigned hereby agrees that (i) this Pledge Supplement may be attached to the First Amended and Restated Pledge and Security Agreement, dated
as of [February __], 2008 (said First Amended and Restated Pledge and Security Agreement, as it may heretofore have been and as it may hereafter be further amended, restated, supplemented or otherwise modified from time to time being the
“Pledge Agreement”; capitalized terms defined therein and not otherwise defined herein being used herein as therein defined), among the undersigned (“Pledgor”), the other Pledgors named therein, and WELLS FARGO
BANK, NATIONAL ASSOCIATION, as Secured Party and (ii) that the [Pledged Subsidiary Equity] [Pledged Subsidiary Debt] set forth on Schedule A annexed hereto shall be deemed to be part of the [Pledged Subsidiary Equity] [Pledged
Subsidiary Debt] and shall become part of the Pledged Collateral and shall secure all Secured Obligations. 
 IN WITNESS WHEREOF,
Pledgor has caused this Pledge Supplement to be duly executed and delivered by its duly authorized officer as of the date first written above. 
  

			
	[NAME OF PLEDGOR]
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

					
		  	X-I-1	  	Pledge and Security Agreement

 SCHEDULE A 
 TO 
 PLEDGE SUPPLEMENT 
  

					
		  	X-1-A-1	  	Pledge and Security Agreement

 EXHIBIT II TO 
 FIRST AMENDED AND RESTATED PLEDGE AND SECURITY AGREEMENT 
 [FORM OF COUNTERPART] 
 This COUNTERPART (this “Counterpart”), dated as of             ,
20    , is delivered pursuant to Section 17 of the Pledge Agreement referred to below. The undersigned hereby agrees that this Counterpart may be attached to the First Amended and Restated Pledge and Security
Agreement, dated as of [February __], 2008 (said First Amended and Restated Pledge and Security Agreement, as it may heretofore have been and as it may hereafter be further amended, restated, supplemented or otherwise modified from time to time
being the “Pledge Agreement”; capitalized terms defined therein and not otherwise defined herein being used herein as therein defined), among RUTH’S CHRIS STEAK HOUSE, INC., the other Pledgors named therein, and WELLS
FARGO BANK, NATIONAL ASSOCIATION, as Secured Party. The undersigned, by executing and delivering this Counterpart, hereby becomes a Pledgor under the Pledge Agreement in accordance with Section 17 thereof and agrees to be bound by all of
the terms thereof. Without limiting the generality of the foregoing, the undersigned hereby: 
 (i)
authorizes the Secured Party to add the information set forth on the Schedules to this Counterpart to the correlative Schedules attached to the Pledge Agreement;1 
 (ii)
agrees that all Collateral of the undersigned, including the items of property described on the Schedules annexed hereto, shall become part of the Collateral and shall secure all Secured Obligations; and 
 (iii) makes the representations and warranties set forth in the Pledge Agreement, as amended hereby, to the extent relating to the
undersigned. 
  

			
	[NAME OF ADDITIONAL PLEDGOR]
		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

	1
	 The Schedules to the Counterpart should include copies of all Schedules that identify collateral to be granted by the Additional Pledgor.

  

					
		  	X-II-1	  	Pledge and Security Agreement

 EXHIBIT XI 
 [FORM OF] SOLVENCY CERTIFICATE 
 This SOLVENCY CERTIFICATE (this “Solvency
Certificate”) is delivered in connection with that certain First Amended and Restated Credit Agreement dated as of [February     ], 2008 (the “Credit Agreement”), by and among RUTH’S CHRIS
STEAK HOUSE, INC., a Delaware corporation (“Company”), the financial institutions from time to time party thereto as Lenders (“Lenders”), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative
Agent (“Administrative Agent”). Capitalized terms used herein without definition have the same meanings as in the Credit Agreement. 
 This Solvency Certificate is being delivered pursuant to subsection 4.1O of the Credit Agreement. The undersigned is the Chief Financial Officer of Company and hereby further certifies as of the date hereof, in
his/her capacity as an officer of Company, and not individually, as follows: 
 1. I have responsibility for (a) the management of the
financial affairs of Company and the preparation of financial statements of Company, and (b) reviewing the financial and other aspects of the transactions contemplated by the Credit Agreement. 
 2. I have carefully prepared and/or reviewed the contents of this Solvency Certificate and have conferred with counsel for Company for the purpose of
discussing the meaning of any provisions hereof that I desired to have clarified. 
 3. In preparation for the consummation of the
transactions contemplated by the Credit Agreement, I have prepared and/or reviewed a pro forma balance sheet as at [                    
    ], 2008 and pro forma income projections and pro forma cash flow projections for each fiscal year during the term of the Credit Agreement for Company and its Subsidiaries on a consolidated basis, in each case after
giving effect to the consummation of the transactions contemplated by the Credit Agreement. The pro forma balance sheet has been prepared utilizing what I believe are reasonable estimates of the “fair valuation” and “fair saleable
value” of the assets of Company and its Subsidiaries. Although any projections may by necessity involve uncertainties and approximations, the projections are based on good faith estimates and assumptions believed by me to be reasonable.

 4. Based upon the foregoing and upon the best of my knowledge after due diligence, I have concluded as follows: 
 a. The “fair valuation” and “fair saleable value” of the property of Company and its Subsidiaries on a consolidated basis is:
(x) greater than the total amount of debts and liabilities of Company and its Subsidiaries on a consolidated basis (including unliquidated liabilities, unmatured liabilities, contingent liabilities and liabilities that would not be required to
be reported under GAAP), and (y) not less than the amount that will be required to pay the probable liabilities on the existing debts and liabilities of Company and its Subsidiaries on a consolidated basis (including unliquidated liabilities,
unmatured liabilities, contingent liabilities and liabilities that would not be required to be reported under GAAP) as they become absolute and due considering all financing alternatives and potential asset sales reasonably available to Company and
its Subsidiaries. 
  

					
		  	XI-1	  	Solvency Certificate

 b. Company and its Subsidiaries on a consolidated basis have the ability to pay their debts and
liabilities (including unliquidated liabilities, unmatured liabilities, contingent liabilities and liabilities that would not be required to be reported under GAAP) as they become absolute and due considering all financing alternatives and potential
asset sales reasonably available to Company and its Subsidiaries. 
 c. Company and its Subsidiaries do not have an unreasonably small amount
of capital in relation to their business or any contemplated or undertaken transaction. 
 d. Neither Company nor any of its Subsidiaries has
executed the Loan Documents or made any transfer or incurred any obligations thereunder, with actual intent to hinder, delay or defraud either present or future creditors. 
 e. Neither Company nor any of its Subsidiaries intends to incur, or believes (nor should it reasonably believe) that it will incur, debts beyond its
ability to pay such debts as they become due. 
 In computing the amount of contingent liabilities as of the date hereof, such liabilities
have been computed at the amount that, in the light of all the facts and circumstances existing as of the date hereof, represents the amount that can reasonably be expected to become an actual liability. 
 As reflected in the pro forma income projections and pro forma cash flow projections, I believe that it is reasonable to assume that Company and its
Subsidiaries will continue as a going concern. Thus, for the purpose of the above analysis, the values of the assets of Company and its Subsidiaries on a consolidated basis have been computed by considering Company and its Subsidiaries to be a going
concern. 
 I understand that Administrative Agent and Lenders are relying on this Solvency Certificate in extending credit to Company
pursuant to the Credit Agreement. 
 [signature follows] 
  

					
		  	XI-2	  	Solvency Certificate

 The undersigned has executed this Solvency Certificate, in his/her capacity as an officer of Company and
not individually, as of the          day of                     , 2008. 
  

			
	 
	Name:	 	 
	Title:	 	Chief Financial Officer

  

					
		  	XI-3	  	Solvency Certificate

 SCHEDULE 1.1 
 EXISTING LETTERS OF CREDIT 
  

	1.	LC Number 00532915  

	    	Beneficiary: Hartz Mountain Industries, Inc. 

	    	Amount: $400,000.00 

	    	Expiry Date: 1/31/06 (with automatic yearly extensions unless notice of non extension sent at least 60 days prior to any expiry) 

  

	2.	LC Number 00518898  

	    	Beneficiary: Liberty Mutual Insurance Co. 

	    	Amount: $870,094.81 

	    	Expiry Date: 7/1/07 (with automatic yearly extensions unless notice of non extension sent at least 60 day prior to any expiry) 

  

	3.	LC Number 00557787  

	    	Beneficiary: Zurich American Insurance Company 

	    	Amount: $1,570,000.00 

	    	Expiry Date: 06/30/06 Automatic yearly extensions unless notice of non extension sent at least 60 day prior to any expiry 

  

	4.	LC Number 00579822  

	    	Beneficiary: HI Chicago Northshore, LLC., c/o USAA Real Estate Co. 

	    	Amount: $50,000.00 

	    	Expiry Date: 09/07/07 Automatic yearly extensions unless notice of non extension sent at least 30 day prior to any expiry 

  

	5.	LC Number 00581179  

	    	Beneficiary: Loews Nashville Hotel Corp. 

	    	Amount: $100,000.00 

	    	Expiry Date: 09/07/07 Automatic yearly extensions unless notice of non extension sent at least 30 day prior to any expiry 

  

	6.	LC Number NZS613229  

	    	Beneficiary: Hedreen Hotel, LLC. 

	    	Amount: $75,000.00 

	    	Expiry Date: 12/31/08 with automatic yearly extensions unless notice of non extension sent at least 30 day prior to any expiry 

  

	7.	LC Number NZS613232  

	    	Beneficiary: Bellevue Square Managers I Limited Partnership 

	    	Amount: $193,751.00 

	    	Expiry Date: 9/30/08 with automatic yearly extensions unless notice of non extension sent at least 30 day prior to any expiry 

 SCHEDULE 2.1 
 LENDERS’ COMMITMENTS AND PRO RATA SHARES 
  

							
	 Lender
	  	Revolving
Loan
Commitment	  	Pro Rata
Share	 
	 Wells Fargo Bank, National Association
	  	$	37,500,000.00	  	15.000000000	% 
	 Bank of America, N.A.
	  	$	37,500,000.00	  	15.000000000	% 
	 JPMorgan Chase Bank, N.A.
	  	$	30,000,000.00	  	12.000000000	% 
	 Wachovia Bank, National Association
	  	$	30,000,000.00	  	12.000000000	% 
	 Raymond James Bank, FSB
	  	$	27,000,000.00	  	10.800000000	% 
	 Citibank N.A.
	  	$	24,000,000.00	  	9.600000000	% 
	 Fifth Third Bank
	  	$	24,000,000.00	  	9.600000000	% 
	 Carolina First Bank
	  	$	15,000,000.00	  	6.000000000	% 
	 Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. “Rabobank Nederland”, New York Branch
	  	$	15,000,000.00	  	6.000000000	% 
	 First Tennessee Bank National Association
	  	$	10,000,000.00	  	4.000000000	% 
		  	 	 	  	 	 
	 TOTAL
	  	$	250,000,000.00	  	100.000000000	% 

 SCHEDULE 5.1 
 COMPANY AND ITS SUBSIDIARIES 
  

					
	 Entity
	  	 Jurisdiction
	  	 Organizational ID

	Ruth’s Chris Steak House, Inc.	  	Delaware	  	3961229
	Ruth’s Chris Steak House Franchise, Inc.	  	Louisiana	  	34182261D
	Ruth’s Chris Steak House #15, Inc.	  	Louisiana	  	34450870D
	Ruth’s Chris Steak House Texas, L.P.	  	Texas	  	13924510
	RCSH Operations, Inc.	  	California	  	C1464209
	RCSH Operations, LLC	  	Louisiana	  	35012938K
	RCSH Holdings, Inc.	  	Louisiana	  	34702607D
	RCSH Promotions, LLC	  	Louisiana	  	35278809K
	RCSH Management, Inc.	  	Louisiana	  	34866350D
	R.F. Inc.	  	Louisiana	  	34505180D
	R.C. Equipment, Inc.	  	Louisiana	  	34333874D
	Ruth’s Chris Steak House Boston, LLC	  	Louisiana	  	35751639K
	Ruth’s Chris Steak House Dallas, L.P.	  	Texas	  	800330027
	RHG Fish Market, Inc.	  	Florida	  	P07000120953
	RHG Kingfish, LLC	  	Florida	  	L07000112194
	RCSH Millwork, LLC	  	Florida	  	L07000077473
	RCSH Utah, Inc.	  	Utah	  	6744930-0142

 Chief Executive Office for the Company and all Subsidiaries listed above: 
 500 International Parkway 
 Suite 100

 Heathrow, FL 32746 
  

			
	 Entity
	  	 Owner/Partner/Sole Member

	Ruth’s Chris Steak House Franchise, Inc.	  	Ruth’s Chris Steak House, Inc./Owner
		
	Ruth’s Chris Steak House #15, Inc.	  	Ruth’s Chris Steak House, Inc./Owner
		
	Ruth’s Chris Steak House Texas, L.P.	  	Ruth’s Chris Steak House, Inc. -General Partner 1%
		  	RCSH Holdings, Inc. – Limited Partner 99%
		
	RCSH Operations, Inc.	  	Ruth’s Chris Steak House, Inc./Owner
		
	RCSH Operations, LLC	  	Ruth’s Chris Steak House, Inc./100% Sole Member

			
	 Entity
	  	 Owner/Partner/Sole Member

	RCSH Holdings, Inc.	  	Ruth’s Chris Steak House, Inc./Owner
		
	RCSH Promotions, LLC	  	Ruth’s Chris Steak House, Inc./100% Sole Member
		
	RCSH Management, Inc.	  	Ruth’s Chris Steak House, Inc./Owner
		
	R.F. Inc.	  	Ruth’s Chris Steak House, Inc./Owner
		
	R.C. Equipment, Inc.	  	Ruth’s Chris Steak House, Inc./Owner
		
	Ruth’s Chris Steak House Boston, LLC	  	Ruth’s Chris Steak House, Inc./100% Sole Member
		
	Ruth’s Chris Steak House Dallas, L.P.	  	Ruth’s Chris Steak House, Inc. -General Partner 1%
		  	RCSH Holdings, Inc. – Limited Partner 99%
		
	RHG Fish Market, Inc.	  	Ruth’s Chris Steak House, Inc./Owner
		
	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc./100% Sole Member
		
	RCSH Millwork, LLC	  	RCSH Operations, LLC/100% Sole Member
		
	RCSH Utah, Inc.	  	Ruth’s Chris Steak House, Inc./Owner

 SCHEDULE 5.5 
 INTELLECTUAL PROPERTY 
 SCHEDULE OF ALL IP ACQUIRED FROM CAMERON MITCHELL RESTAURANTS, LLC

 Federal Service Mark Registrations & Applications 
  

					
	 Status
	  	 Mark
	  	 Registration No./Serial No.

	Reg	  	Mitchell’s Fish Market (words)	  	2,713,985
	Pending	  	Mitchell’s Steakhouse (words)	  	77/330033
	Pending	  	Cameron’s Steakhouse (words)*	  	77/330403
	Pending	  	Mitchell’s Ocean Club (words)**	  	77/038135
	Pending	  	Columbus Fish Market (words)	  	77/330031
	  
 *       Per the consent agreement executed between CMR and RCSH, the application for and subsequent registration of the mark “Cameron’s Steakhouse” is limited to “steakhouse and seafood
restaurant services” in Class 43.
  
 **     this application has been suspended by the Patent & Trademark Office pending disposition of four other third-party applications. Also, RCSH has granted an exclusive, non-assignable, limited, and
royalty-free license to CMR to use the mark only in connection with CMR’s operation of the Mitchell’s Ocean Club restaurant located in Columbus, Ohio and as the mark is currently being used there.
  
 Note: the applications for “Cameron’s Steakhouse”, “Mitchell’s
Steakhouse” and “Columbus Fish Market” were filed with Petitions to Make Special seeking expedited treatment of the applications. The petition for “Mitchell’s Steakhouse” was denied while the petitions were granted for
“Cameron’s Steakhouse” and “Columbus Fish Market”.
  
 Common
Law Service Marks (unregistered)
  

	 	  	 Mark
	  	 Services

		  	Fish Any Fresher Would Still Be In the Ocean	  	restaurant services
		  	Mitchell’s Fish Market Seafood Restaurant & Bar & design	  	restaurant services
		  	Columbus Fish Market Seafood Restaurant & Bar & design	  	restaurant services

 Current/Pending State Service Mark Registrations  
 None. 
 Other Unregistered Intellectual Property 
 The Name ‘Mitchell’ 
 The name “Mitchell”
(including any stylistic presentation or possessive/plural-possessive form) for use and for future exploitation by RCSH in connection with the provision of restaurant, lounge, catering or food services of any kind and scope worldwide, whether used
in connection with the restaurants acquired by RCSH or not, to include, without limitation, (i) marketing, promotion or advertisement in any form of such services; (ii) trademark, service mark or trade name use and federal, state or
foreign registration in any class related to or associated with such services or the promotion or advertisement of same; and (iii) as part of or the subject of a copyright claim, use or registration. 

 Note: RCSH has granted to Cameron Mitchell, in his individual capacity, a non-exclusive, limited, royalty-free, and
non-assignable license to use the name “Mitchell” as part of the business names “Cameron Mitchell Catering Company” and “Cameron Mitchell Restaurants, LLC” with location restrictions. He is also prohibited from
sub-licensing this right. 
 The Name ‘Cameron’ 
 The name “Cameron” (including any stylistic presentation or possessive/plural-possessive form) for use and for future exploitation by RCSH in connection with the provision of “steakhouse and seafood restaurant services”
worldwide, such exploitation and use to include, without limitation, (i) marketing, promotion or advertisement in any form of such services; (ii) trademark, service mark or trade name use and federal, state or foreign registration in any
class related to or associated with such services or the promotion or advertisement of same; and (iii) as part or the subject of a copyright claim, use or registration. 
 Current U.S. Copyright Registrations* 
 None  
  

	*	Under U.S. Copyright Law, works are considered copyright protected from the moment they are fixed in a tangible medium of expression. Registration is not required to secure
protection. Despite the fact that there are no works currently registered at U.S. Copyright Office, there are numerous works, including, but not limited to, print advertisements, brochures, fliers, television and radio advertisements, pictures and
menus, that are still protected by copyright but are not registered at the U.S. Copyright Office. These unregistered - but not unprotected - works are too voluminous to compile or include here. 

 Trade Secrets 
 All trade secrets used or useful in the operation of
the restaurants Mitchell’s Fish Market, Cameron’s Steakhouse and Mitchell’s Steakhouse. 
 Trade Dress 
 All trade dress used or useful in the operation of the restaurants Mitchell’s Fish Market, Cameron’s Steakhouse and Mitchell’s Steakhouse. 

 SCHEDULE 5.5 
 INTELLECTUAL PROPERTY 
 SCHEDULE OF ALL RCSH FEDERAL SERVICE MARK REGISTRATIONS &
APPLICATIONS 
 Federal Service Mark Registrations & Applications 
  

					
	 Status
	  	 Mark
	  	 Registration No./Serial No.

	Reg	  	Ruth’s Chris Steak House - U.S. Prime & Design*	  	1,164,124
	Reg	  	Home of Serious Steaks	  	1,808,168
	Reg	  	Ruth’s Chris	  	2,374,574
	Reg	  	Chris	  	2,430,733
	Reg	  	US Prime & Design	  	2,321,545
	Reg	  	The Sound of Perfection	  	2,469,604
	Reg	  	Ruth’s Christening	  	2,469,603
	Reg	  	The Experience (Ruth’s Chris Steak House - U.S. Prime & Design)	  	2,868,284
	Reg	  	Ruth’s Table (words)	  	2,850,613
	Reg	  	Ruth’s Table (design)	  	2,878,776
	Reg	  	Life’s Too Short to Eat Anywhere Else	  	2,853,187
	Reg	  	Just Follow the Sizzle	  	3,028,865
	Pending	  	(Friends of Ruth’s) An Even Higher Degree of Sizzle	  	77/177973
	Reg	  	Friends of Ruth’s (words)	  	3,339,197
	Reg	  	Ruth’s Chris Steak House Logo (w/o US Prime)	  	3,334,040
	Pending	  	(stylized R seal)	  	77/270535
	Pending	  	R • Ruth’s Table (new design)	  	77/270547

  

	*	This registration was recently amended to delete the word “only” from the disclaimer as it no longer appears in the mark. 

 SCHEDULE 5.5 
 INTELLECTUAL PROPERTY 
 SCHEDULE OF ALL RCSH’S STATE SERVICE MARK REGISTRATIONS &
APPLICATIONS 
 State Service Mark Registrations & Applications (by state) 
  

					
	 State
	  	 Mark
	  	 Reg. No.

	AL	  	Ruth’s Chris Steak House US Prime & design	  	108-222
	AL	  	Chris	  	100-263
	AL	  	Ruth’s	  	100-899
	AL	  	U.S. Prime & Design	  	108-308
	AL	  	Home of Serious Steaks	  	105-567
			
	AR	  	Ruth’s Chris Steak House US Prime & design	  	800124281
	AR	  	U.S. Prime & design	  	800124663
	AR	  	Ruth’s Chris	  	800124707
	AR	  	Chris	  	800124689
			
	AZ	  	Ruth’s Chris	  	25899
	AZ	  	U.S. Prime & design	  	46858
	AZ	  	Home of Serious Steaks	  	31428
	AZ	  	Ruth’s Chris Steak House US Prime & design (app filed)	  	
			
	CA	  	Ruth’s Chris Steak House US Prime & design	  	51447
	CA	  	Ruth’s Chris	  	51445
	CA	  	Chris	  	51446
	CA	  	U.S. Prime & design	  	57773
	CA	  	Home of Serious Steaks	  	42364
			
	CO	  	Ruth’s Chris Steak House US Prime & design	  	941107526
	CO	  	Ruth’s Chris	  	941107524
	CO	  	Home of Serious Steaks	  	941107523
	CO	  	U.S. Prime & design	  	941107527
			
	CT	  	U.S. Prime & design	  	21678
	CT	  	Ruth’s Chris	  	8806
	CT	  	Chris	  	8807
	CT	  	Ruth’s Chris Steak House US Prime & design	  	21716
			
	FL	  	Ruth’s Chris Steak House US Prime Only & design	  	T08823
	FL	  	Ruth’s Chris	  	T08822
	FL	  	Chris	  	T08821
	FL	  	Ruth’s Chris Steak House US Prime & design	  	T07000001752
	FL	  	U.S. Prime & design	  	T07000001748
			
	GA	  	Ruth’s Chris Steak House US Prime & design	  	S-23862
	GA	  	Ruth’s Chris	  	S-8042
	GA	  	Chris	  	S-8043
	GA	  	Home of Serious Steaks	  	S-12316
	GA	  	U.S. Prime & design	  	S-20310

					
	HI	  	RCSH Tradename	  	227392
	HI	  	Ruth’s Chris Steak House US Prime & design	  	227977
	HI	  	Ruth’s Chris	  	227974
	HI	  	Home of Serious Steaks	  	227973
	HI	  	U.S. Prime & design	  	227978
	HI	  	Chris	  	227972
			
	IL	  	Ruth’s Chris Steak House US Prime & design	  	89483
	IL	  	Ruth’s Chris	  	71130
	IL	  	Chris	  	71131
	IL	  	U.S. Prime & design	  	89960
			
	IN	  	Home of Serious Steaks	  	5010-2707
	IN	  	Ruth’s Chris Steak House US Prime & design	  	5010-2708
	IN	  	Ruth’s Chris	  	5010-2705
	IN	  	Chris	  	5010-2706
	IN	  	U.S. Prime & design	  	5010-2704
			
	KY	  	U.S. Prime & design	  	Cert. No. 015356
	KY	  	Ruth’s Chris	  	Cert. No. 015354
	KY	  	Home of Serious Steaks	  	Cert. No. 015353
	KY	  	Chris	  	Cert. No. 015352
	KY	  	Ruth’s Chris Steak House US Prime & design	  	Cert. No. 015355
			
	LA	  	Chris	  	n/a
	LA	  	Ruth’s Chris	  	n/a
	LA	  	Ruth’s Chris Steak House US Prime & design	  	n/a
	LA	  	Color Red for Steakhouse	  	n/a
	LA	  	Home of Serious Steaks	  	n/a
	LA	  	U.S. Prime & design	  	n/a
			
	MA	  	U.S. Prime & design	  	66609
	MA	  	Ruth’s Chris Steak House US Prime & design	  	66607
	MA	  	Ruth’s Chris	  	66608
	MA	  	Curley’s Bar (words only)	  	66606
	MA	  	Curley’s Bar (logo)	  	67447
			
	MD	  	U.S. Prime & design	  	2002-0073
	MD	  	Ruth’s Chris Steak House US Prime & design	  	2002-0072
	MD	  	Chris	  	1992-S3007
	MD	  	Ruth’s Chris	  	1992-S3008
	MD	  	Home of Serious Steaks	  	2002-0216
			
	MI	  	Home of Serious Steaks	  	M01-500
	MI	  	Ruth’s Chris	  	M01-502
	MI	  	Chris	  	M01-499
	MI	  	US Prime & Design	  	M07-320
	MI	  	Ruth’s Chris Steak House US Prime & design	  	M01-501
			
	MN	  	Ruth’s Chris	  	19759
	MN	  	Ruth’s Chris Steak House US Prime & design	  	32416
	MN	  	U.S. Prime & design	  	33267
	MN	  	Home of Serious Steaks	  	20114

					
	MN	  	Chris	  	19757
			
	MO	  	Chris	  	S-9928
	MO	  	Ruth’s Chris	  	S-9929
	MO	  	Ruth’s Chris Steak House US Prime Only & design	  	S-9930
	MO	  	U.S. Prime & design	  	S015960
	MO	  	Home of Serious Steaks	  	S-12171
			
	MS	  	Ruth’s Chris (application filed)	  	
	MS	  	Chris (application filed)	  	
	MS	  	Ruth’s Chris Steak House US Prime & design (application filed)	  	
	MS	  	US Prime & design (application filed)	  	
			
	NC	  	U.S. Prime & design	  	T-15232
	NC	  	Ruth’s Chris Steak House US Prime & design	  	T-15229
	NC	  	Chris	  	T-15230
	NC	  	Ruth’s Chris	  	T-15233
	NC	  	Home of Serious Steaks	  	T-15231
			
	NJ	  	Ruth’s Chris Steak House US Prime & design	  	19707
	NJ	  	Ruth’s Chris	  	19706
	NJ	  	Chris	  	9296
	NJ	  	U.S. Prime & design	  	19708
			
	NV	  	Chris	  	Vol. 23, p. 306
	NV	  	Ruth’s Chris	  	Vol, 23, p. 308
	NV	  	Ruth’s Chris Steak House US Prime & design	  	Vol. 32, p. 665
	NV	  	U.S. Prime & design	  	Vol. 32, p. 774
			
	NY	  	Ruth’s Chris Steak House - U.S. Prime	  	S-18562
	NY	  	U.S. Prime & design	  	S-18561
	NY	  	Chris	  	S-13886
	NY	  	Ruth’s Chris	  	S-13884
	NY	  	Home of Serious Steaks	  	S-13885
			
	OH	  	U.S. Prime & design	  	1064466
	OH	  	Home of Serious Steaks	  	1064467
	OH	  	Chris	  	1072390
	OH	  	Ruth’s Chris Steak House US Prime & design	  	1072389
	OH	  	Ruth’s Chris	  	1072088
			
	OR	  	Ruth’s Chris Steak House US Prime & design	  	S33158
	OR	  	Ruth’s Chris	  	S33154
	OR	  	Chris	  	S33155
	OR	  	U.S. Prime & design	  	S33161
	OR	  	Home of Serious Steaks	  	S33153
			
	PA	  	U.S. Prime & design	  	3109220
	PA	  	Home of Serious Steaks	  	2187874
	PA	  	Chris	  	2878076
	PA	  	Ruth’s Chris Steak House US Prime & design	  	2878073
	PA	  	Ruth’s Chris	  	2878071

					
	RI	  	Ruth’s Chris	  	07.06.012
	RI	  	Chris (application filed)	  	
	RI	  	Ruth’s Chris Steak House US Prime & design	  	07.06.001
	RI	  	US Prime & Design	  	07.06.002
			
	SC	  	Ruth’s Chris	  	n/a
	SC	  	Ruth’s Chris Steak House US Prime & design	  	n/a
	SC	  	U.S. Prime & design	  	n/a
			
	TN	  	U.S. Prime & design	  	n/a
	TN	  	Ruth’s Chris Steak House US Prime & design	  	n/a
	TN	  	Chris	  	n/a
	TN	  	Ruth’s Chris	  	n/a
			
	TX	  	Chris	  	5045617
	TX	  	Ruth’s Chris Steak House US Prime & design	  	5969217
	TX	  	Ruth’s Chris	  	5060017
	TX	  	Home of Serious Steaks	  	5251717
			
	UT	  	Chris	  	n/a
	UT	  	Ruth’s Chris	  	n/a
	UT	  	US Prime & Design	  	n/a
	UT	  	Ruth’s Chris Steak House US Prime & design	  	n/a
			
	VA	  	Chris	  	A4299
	VA	  	Ruth’s Chris	  	A4301
			
	WA	  	U.S. Prime & design	  	31094
	WA	  	Home of Serious Steaks	  	21875
	WA	  	Chris	  	18669
	WA	  	Ruth’s Chris Steak House US Prime & design	  	18671
	WA	  	Ruth’s Chris	  	18670

 Notes: 
 We are
in the process in several states of ensuring that the registrations currently reflect that RCSH has changed its state of incorporation from Louisiana to Delaware. In some states, this can only be done via a formal assignment whereas others will
accept a mere notice. 
 The company is allowing the mark “Ruth’s Chris Steak House - U.S. Prime Only” to lapse pursuant to a policy that it
enacted in 1999. 
 In some states, the registration for “Home of Serious Steaks” has been allowed to expire because the mark is no longer being
used in that state. 

 SCHEDULE 5.5 
 INTELLECTUAL PROPERTY 
 International Service Mark Registrations 
  

					
	 	  	 Mark
	  	 Reg No./App No.

	Aruba	  	Ruth’s Chris Steak House - U.S. Prime & Design	  	26645
	Aruba	  	Ruth’s Chris	  	26643
	Aruba	  	US Prime & Design	  	26644
	Aruba	  	Chris	  	26642
			
	Austria*	  	Ruth’s Chris Steak House - US Prime (application filed)	  	A0001345
	Austria*	  	Ruth’s Chris (application filed)	  	A0001344
	Austria*	  	US Prime (application filed)	  	A0001342
	Austria*	  	Chris (application filed)	  	A0001304
			
	Bahamas	  	Ruth’s Chris Steak House - U.S. Prime & Design (Class 39) (application filed)	  	30.530
	Bahamas	  	Ruth’s Chris (Class 39) (application filed)	  	30.528
	Bahamas	  	Chris (Class 39) (application filed)	  	30.529
	Bahamas	  	US Prime & Design (Class 39) (application filed)	  	30.531
	Bahamas	  	Ruth’s Chris Steak House - U.S. Prime & Design (Class 50) (application filed)	  	30.547
	Bahamas	  	Ruth’s Chris (Class 50) (application filed)	  	30.545
	Bahamas	  	Chris (Class 50) (application filed)	  	30.546
	Bahamas	  	US Prime & Design (Class 50) (application filed)	  	30.548
			
	Bahrain	  	Ruth’s Chris	  	50490
	Bahrain	  	Chris	  	50488
	Bahrain	  	US Prime & Design	  	50489
	Bahrain	  	Ruth’s Chris Steak House - U.S. Prime & Design	  	50491
	Bahrain	  	Ruth’s Chris Steak House - no US Prime & Design	  	54630
			
	Canada	  	Home of Serious Steaks	  	443056
	Canada	  	Ruth’s Chris Steak House - U.S. Prime Only & Design	  	444650
	Canada	  	U.S. Prime Only	  	444651
	Canada	  	Ruth’s Chris	  	623865
	Canada	  	Chris	  	623730
	Canada	  	U.S. Prime & Design (application filed)	  	
	Canada	  	Ruth’s Chris Steak House - U.S. Prime (application filed)	  	670450
			
	China (mainland)	  	Ruth’s Chris Steak House - U.S. Prime & Design (application filed)	  	n/a
	China (mainland)	  	U.S. Prime & Design (application filed)	  	n/a
	China (mainland)	  	Ruth’s Chris (application filed)	  	n/a
	China (mainland)	  	Chris (application filed)	  	n/a
	China (mainland)	  	RCSH US Prime Only	  	1031876
			
	Costa Rica	  	“Ruth’s Chris”	  	156328
	Costa Rica	  	“Chris”	  	156327
	Costa Rica	  	“RCSH US Prime”	  	157805
	Costa Rica	  	“U.S. Prime (Design)”	  	159876
			
	El Salvador	  	Ruth’s Chris (application filed)	  	60446/06
	El Salvador	  	Chris (application filed)	  	60445/06
	El Salvador	  	US Prime & Design (application filed)	  	60444/06

					
	El Salvador	  	Ruth’s Chris Steak House - U.S. Prime & Design (application filed)	  	60443/06
			
	France*	  	Ruth’s Chris Steak House - US Prime (application filed)	  	A0001345
	France*	  	Ruth’s Chris (application filed)	  	A0001344
	France*	  	US Prime (application filed)	  	A0001342
	France*	  	Chris (application filed)	  	A0001304
			
	Germany*	  	Ruth’s Chris Steak House - US Prime (application filed)	  	A0001345
	Germany*	  	Ruth’s Chris (application filed)	  	A0001344
	Germany*	  	US Prime (application filed)	  	A0001342
	Germany*	  	Chris (application filed)	  	A0001304
			
	Guatemala	  	Ruth’s Chris Steak House - U.S. Prime & Design (application filed)	  	2006-9602
	Guatemala	  	U.S. Prime & Design (application filed)	  	2006-9600
	Guatemala	  	Ruth’s Chris	  	152.089/156/365
	Guatemala	  	Chris (application filed)	  	2006-9599
			
	Honduras	  	US Prime & Design	  	11.872
	Honduras	  	RCSH US Prime	  	11.995
	Honduras	  	Ruth’s Chris	  	11.996
	Honduras	  	Chris	  	11.998
			
	Hong Kong	  	Chris	  	03556 of 2003
	Hong Kong	  	Ruth’s Chris Steak House - U.S. Prime & Design	  	03558 of 2003
	Hong Kong	  	Ruth’s Chris	  	03557 of 2003
	Hong Kong	  	The Ruth’s Chris Steak House - U.S. Prime Experience	  	B13985 of 2003
			
	Hungary*	  	Ruth’s Chris Steak House - US Prime (application filed)	  	A0001345
	Hungary*	  	Ruth’s Chris (application filed)	  	A0001344
	Hungary*	  	US Prime (application filed)	  	A0001342
	Hungary*	  	Chris (application filed)	  	A0001304
			
	Ireland*	  	Ruth’s Chris Steak House - US Prime (application filed)	  	A0001345
	Ireland*	  	Ruth’s Chris (application filed)	  	A0001344
	Ireland*	  	US Prime (application filed)	  	A0001342
	Ireland*	  	Chris (application filed)	  	A0001304
			
	Italy*	  	Ruth’s Chris Steak House - US Prime (application filed)	  	A0001345
	Italy*	  	Ruth’s Chris (application filed)	  	A0001344
	Italy*	  	US Prime (application filed)	  	A0001342
	Italy*	  	Chris (application filed)	  	A0001304
			
	Japan	  	Ruth’s Chris (application filed)	  	n/a
	Japan	  	Chris	  	855383
	Japan	  	RCSH US Prime (application filed)	  	n/a
	Japan	  	US Prime & Design (application filed)	  	n/a
			
	Jordan	  	Ruth’s Chris	  	89118
	Jordan	  	Chris	  	89119
	Jordan	  	US Prime & Design	  	89743
	Jordan	  	Ruth’s Chris Steak House - U.S. Prime & Design	  	90053
	Jordan	  	Ruth’s Chris Steak House - no US Prime & Design	  	91089

					
	Kuwait	  	Ruth’s Chris (application filed)	  	80791
	Kuwait	  	Chris (application filed)	  	80792
	Kuwait	  	US Prime & Design (application filed)	  	80793
	Kuwait	  	Ruth’s Chris Steak House - U.S. Prime & Design (application filed)	  	80794
	Kuwait	  	Ruth’s Chris Steak House - no US-Prime & Design (application filed)	  	83867
			
	Mexico	  	Home of Serious Steaks	  	434887
	Mexico	  	Ruth’s Chris	  	429225
	Mexico	  	Chris	  	429224
	Mexico	  	U.S. Prime & Design	  	806539
	Mexico	  	RCSH - U.S. Prime & Design	  	806540
	Mexico	  	Ruth’s Chris Steak House - U.S. Prime Only & Design	  	437459
	Mexico	  	RCSH - U.S. Prime & Design Steak Picture (Cl. 16)	  	819283
	Mexico	  	RCSH - U.S. Prime & Design Steak Picture (Cl. 35)	  	821647
	Mexico	  	RCSH - U.S. Prime & Design Steak Picture (Cl. 43)	  	819284
	Mexico	  	U.S. Prime Only & Design	  	438893
			
	Nicaragua	  	RCSH US Prime	  	0600087 LM
	Nicaragua	  	US Prime & Design	  	0600086 LM
	Nicaragua	  	Chris	  	0600089 LM
	Nicaragua	  	Ruth’s Chris	  	0600088 LM
			
	Panama	  	Ruth’s Chris Steak House - U.S. Prime & Design	  	144223
	Panama	  	US Prime & Design	  	144225
	Panama	  	Chris	  	144226
	Panama	  	Ruth’s Chris	  	144224
			
	Philippines	  	RCSH US Prime (registration pending use in country)	  	4-2005-003935
	Philippines	  	Ruth’s Chris (registration pending use in country)	  	4-2005-003933
	Philippines	  	Chris (registration pending use in country)	  	4-2005-003934
			
	Puerto Rico	  	Ruth’s Chris	  	8051
	Puerto Rico	  	Chris	  	8052
	Puerto Rico	  	Ruth’s Chris Steak House - U.S. Prime	  	62709
	Puerto Rico	  	Home of Serious Steaks	  	8054
	Puerto Rico	  	U.S. Prime & Design	  	62648
			
	Qatar	  	Ruth’s Chris (application filed)	  	42066
	Qatar	  	Chris (application filed)	  	42067
	Qatar	  	US Prime & Design (application filed)	  	42068
	Qatar	  	Ruth’s Chris Steak House - U.S. Prime & Design (application filed)	  	42069
	Qatar	  	Ruth’s Chris Steak House - no US Prime & Design (application filed)	  	44465
			
	Saudi Arabia	  	Ruth’s Chris (application filed)	  	113984
	Saudi Arabia	  	Chris (application filed)	  	113985
	Saudi Arabia	  	US Prime & Design	  	951/3
	Saudi Arabia	  	Ruth’s Chris Steak House - U.S. Prime & Design (application filed)	  	113987
	Saudi Arabia	  	Ruth’s Chris Steak House - no US Prime & Design (application filed)	  	114684
			
	South Korea	  	Chris (application filed)	  	2007-10980
	South Korea	  	Ruth’s Chris (application filed)	  	2007-10979

					
	South Korea	  	Ruth’s Chris Steak House - U.S. Prime & Design (application filed)	  	2007-10983
	South Korea	  	U.S. Prime & Design (application filed)	  	2007-10982
			
	Spain*	  	Ruth’s Chris Steak House - US Prime (application filed)	  	A0001345
	Spain*	  	Ruth’s Chris (application filed)	  	A0001344
	Spain*	  	US Prime (application filed)	  	A0001342
	Spain*	  	Chris (application filed)	  	A0001304
			
	Switzerland	  	Ruth’s Chris Steak House - U.S. Prime & Design	  	553383
	Switzerland	  	Ruth’s Chris	  	553368
	Switzerland	  	Chris	  	553369
			
	Taiwan	  	Ruth’s Chris	  	00067733
	Taiwan	  	Chris	  	00067747
	Taiwan	  	Ruth’s Chris Steak House - U.S. Prime & Design	  	01139741
	Taiwan	  	U.S. Prime & Design	  	01139740
			
	Thailand	  	Ruth’s Chris	  	Bor 31995
			
	Turkey	  	Ruth’s Chris Steak House - U.S. Prime & Design (application filed)	  	2007/34037
	Turkey	  	Ruth’s Chris Steak House - w/o US Prime (application filed)	  	2007/34036
	Turkey	  	Ruth’s Chris (application filed)	  	2007/34039
	Turkey	  	US Prime & Design (application filed)	  	2007/24038
	Turkey	  	Chris (application filed)	  	2007/34038
			
	United Arab Emirates	  	Ruth’s Chris (application filed)	  	87811
	United Arab Emirates	  	Chris (application filed)	  	87812
	United Arab Emirates	  	US Prime & Design (application filed)	  	87813
	United Arab Emirates	  	Ruth’s Chris Steak House - U.S. Prime & Design (application filed)	  	87814
	United Arab Emirates	  	Ruth’s Chris Steak House - no US Prime & Design (application filed)	  	92130
			
	United Kingdom*	  	Ruth’s Chris Steak House - US Prime (application filed)	  	A0001345
	United Kingdom*	  	Ruth’s Chris (application filed)	  	A0001344
	United Kingdom*	  	US Prime (application filed)	  	A0001342
	United Kingdom*	  	Chris (application filed)	  	A0001304
			
	WIPO Madrid	  	Chris	  	855838
	WIPO Madrid	  	Ruth’s Chris	  	850161
	WIPO Madrid	  	RCSH US Prime	  	850142
	WIPO Madrid	  	US Prime & Design	  	850166

  

	*	Applications filed through the United States Patent & Trademark Office using the Madrid Protocol based upon the WIPO Madrid international registrations. The applications
were specifically seeking subsequent designation of RCSH’s WIPO Madrid registrations to these countries. 

 SCHEDULE 5.5 
 INTELLECTUAL PROPERTY 
 Registered Copyrights* 
  

					
	 Country
	  	 Work (date of first publication)
	 	 Registration No.

	US	  	Texas Ruth’s Chris Steak House Menu (1981)	 	TX 1-315-303
	US	  	Louisiana Ruth’s Chris Steak House Menu (1982)	 	TX 1-315-302
	US	  	Ruth’s Chris Steak House Menu (1986)	 	TX 4-409-205
	US	  	Ruth’s Chris Steak House Menu (1995)	 	TX 4-409-204
	US	  	Ruth’s Chris Steak House Menu (2000)	 	TX 5-305-338
	US	  	Ruth’s Chris Steak House Texas Menu (2002)	 	TX-5-782-174
	US	  	Ruth’s Chris Steak House Menu (2003)	 	TX-5-915-777
	US	  	Ruth’s Chris Steak House Lunch Menu (2003)	 	TX 5-915-778
	US	  	The Sizzling Reward for the Frequent Flyer (1992)	 	VA 774-023
	US	  	Steak Picture (1996)	 	VA 1-102-877
	US	  	Steak Picture (2003)	 	VA-1-266-519
	US	  	Steak Picture (2005)	 	VA-1-301-920
	US	  	Toast (2005)	 	VA-1-301-921
	US	  	Ahi Tuna Stack (2005)	 	VA-1-301-922
	US	  	It’s the Sizzle Heard Round the World (1996)	 	VA 1-311-599
			
	Mexico	  	Steak Picture (1996)	 	03-2003-111910421600-01

  

	*	Under U.S. Copyright Law, works are considered copyright protected from the moment they are fixed in a tangible medium of expression. Registration is not required to secure
protection. The works listed above are only those that have been presented and registered at the U.S. Copyright Office. There are numerous other works, including print advertisements, brochures, fliers, television and radio advertisements, pictures
and menus, that are still protected by copyright but are not registered at the U.S. Copyright Office. These unregistered - but not unprotected - works are too voluminous to compile or include here. 

 Other Unregistered Intellectual Property 
  

			
	 	  	Trade Secrets
	US	  	Recipes
	US	  	S-MAC training system
	US	  	Vendor lists (national, regional and local)
	US	  	Kitchen lay-out designs
	US	  	Meat and food product specifications
	US	  	Kitchen equipment specifications

 SCHEDULE 5.6 
 LITIGATION 
 1. Nikko Rose and Brandon Rose, on behalf of themselves and all others similarly
situated v. Ruth’s Chris Steak House, Inc., No. 1:07-cv-12166-WGY, on the docket of the United States District Court for the District of Massachusetts, Boston Division. On November, 19, 2007, Nikko Rose and Brandon Rose on behalf of
themselves and other current and former waitstaff at Ruth’s Chris restaurants filed a class action suit against Ruth’s Chris Steak House, Inc. in the United States District Court for the District of Massachusetts, Boston Division. The
Plaintiffs allege that the Defendant violated the Fair Labor Standards Act by improperly taking a “tip credit” against the minimum wage for its waitstaff employees. The Plaintiffs seek monetary damages in the form of restitution for the
portion of the minimum wage they did not receive in base pay, liquidated damages, attorneys’ fees and costs and any other damages to which they may be entitled under law. It is impossible at this time to determine the outcome of this matter.

 2. Nikko Rose and Brandon Rose, on behalf of themselves and all others similarly situated v. Ruth’s Chris Steak House, Inc.,
No. 07-5081-A, on the docket of the Superior Court of the Commonwealth of Massachusetts, Suffolk, ss. On November, 19, 2007, Nikko Rose and Brandon Rose on behalf of themselves and other current and former waitstaff at Ruth’s Chris
restaurants filed a class action suit against Ruth’s Chris Steak House, Inc. in the Superior Court of the Commonwealth of Massachusetts, Suffolk, ss. The Plaintiffs allege that the Defendant violated the Massachusetts Tips Law. The Plaintiffs
seek monetary damages in the form of restitution for the portion of the gratuities and services charges they did not receive, statutory trebling of damages, and attorney’s fees and costs. It is impossible at this time to determine the outcome
of this matter. 
 3. In Re: Melia Stopa, EEOC Charge No. 570-2007-01860, Ms. Stopa filed a charge of discrimination with
the U.S. Equal Employment Opportunity Commission on November 14, 2007 alleging that she was discriminated against on the basis of her sex. We responded to Ms. Stopa’s charge on January 16, 2008. We are awaiting the EEOC’s
decision. It is impossible at this time to predict the outcome of this matter. 
 Under present law the Commission has no authority to issue
judgments or otherwise to require the payment of back pay or other damages. In order to obtain such relief, the Commission or the claimant would have to pursue the claim by instituting litigation against the Company. Because it is impossible at this
time to evaluate the likelihood that such litigation will be instituted and also because neither we nor, to our knowledge, the Commission has made any significant investigation of the facts relating to this charge, it is impossible at this time to
evaluate the possibility that this charge will result in any liability to the Company. 
 On August 31, 2007, Ruth’s Chris received
correspondence from counsel in Washington, D.C. alleging individual claims of discrimination and class sex discrimination claims. We have ongoing discussions with these attorneys. As noted above, the Bush and Stopa EEOC charges are pending. It is
impossible at this time to predict the outcome of this matter. 

 SCHEDULE 5.12 
 ENVIRONMENTAL MATTERS 
 None 

 SCHEDULE 7.1 
 CERTAIN EXISTING INDEBTEDNESS 
 None 

 SCHEDULE 7.2 
 CERTAIN EXISTING LIENS1 

  

											
	 Debtor
	  	 Secured Party
	  	Filing Office	  	Filing No.	  	Filing
Date	  	 Collateral Description

	 1.      Cameron Mitchell Restaurants
	  	Wells Fargo Financial Leasing, Inc.	  	Ohio	  	OH00083115648	  	11/2/04	  	Equipment
						
	 2.      Cameron Mitchell Restaurants
	  	Wells Fargo Financial Leasing, Inc.	  	Ohio	  	OH00088318865	  	4/14/05	  	Equipment
						
	 3.      Cameron Mitchell Restaurants
	  	Wells Fargo Financial Leasing, Inc.	  	Ohio	  	OH00096153714	  	12/1/05	  	Equipment
						
	 4.      Cameron Mitchell Restaurants
	  	Wells Fargo Financial Leasing, Inc.	  	Ohio	  	OH00096497833	  	12/12/05	  	Equipment
						
	 5.      Cameron Mitchell Restaurants
	  	Wells Fargo Financial Leasing, Inc.	  	Ohio	  	OH00098364440	  	2/3/06	  	Equipment
						
	 6.      Cameron Mitchell Restaurants
	  	Wells Fargo Financial Leasing, Inc.	  	Ohio	  	OH00098961709	  	2/23/06	  	Equipment
						
	 7.      Cameron Mitchell Restaurants
	  	Wells Fargo Financial Leasing, Inc.	  	Ohio	  	OH00103949286	  	7/5/06	  	Equipment
						
	 8.      Cameron Mitchell Restaurants
	  	Wells Fargo Financial Leasing, Inc.	  	Ohio	  	OH00103949397	  	7/5/06	  	Equipment
						
	 9.      Cameron Mitchell Restaurants, LLC
	  	Howard Rock Fee, LLC	  	Ohio	  	OH00113848163	  	4/9/07	  	All of Debtor’s right, title and interest in all goods, wares, equipment and fixtures used in Debtor’s business at Grand Boulevard Shopping Center, Sandestin, Florida

						
	 10.    Ruth’s Chris Steak House, Inc.
	  	Noreast Capital Corporation	  	Delaware	  	63220035	  	9/19/06	  	Equipment
						
	 11.    Ruth’s Chris Steak House, Inc.
	  	U.S. Bancorp	  	Delaware	  	2007 74600473	  	12/5/07	  	Equipment

  

	1
	 RHG Fish Market, Inc. will assume all Seller’s obligations in Michigan and Illinois. RHG Kingfish, LLC will assume all Seller’s obligations in all other
states. 

 SCHEDULE 7.3 
 CERTAIN EXISTING INVESTMENTS 
 None 

 SCHEDULE 7.4 
 CERTAIN CONTINGENT OBLIGATIONS 
 Ruth’s Chris Steak House, Inc. has guaranteed operating leases for the
following locations: 
  

							
	 Location
	  	 Landlord
	  	 Tenant
	  	 Guarantor

	MFM Chicago Glenview	  	OliverMcMillan Glenview, LLC	  	RHG Fish Market, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	MFM Detroit Birmingham	  	Palladium Restaurant III, LLC	  	RHG Fish Market, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	MFM Detroit Livonia	  	Schoolcraft Commons Unit 2, L.L.C.	  	RHG Fish Market, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	MFM Lansing Eastwood	  	Lansing Pavilion, LLC	  	RHG Fish Market, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	MFM Rochester Hills	  	Meadowbrook Associates, LLC	  	RHG Fish Market, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	MFM Scottsdale/Kierland Crossing	  	Kierland Crossing, LLC	  	RHG Fish Market, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	MFM Stamford Town Center	  	Rich-Taubman Associates	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MFM Sandestin Grand Blvd	  	Howard Rock Fee, LLC	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MFM St. Johns Town Center/JAX	  	St. Johns Town Center, LLC	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MFM Tampa West Shore Plaza	  	Glimcher Westshore, LLC	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MFM Indianapolis Clay Terrace	  	Clay Terrace Partners, LLC	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MFM Louisville The Summit	  	Louisville Retail Company, L.L.C.	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MFM Cincinnati Newport on the Levee	  	Newport on the Levee LLC	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MFM Cincinnati Westchester	  	Cincinnati Specialty Center, LLC	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MFM Cleveland Woodmere	  	Chagrin Retail, LLC	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	CFM Columbus Crosswoods	  	Bob Evans Farms, Inc.	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.

							
	MFM Pittsburgh The Waterfront	  	The Waterfront Partners, LLC	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MFM South Hills Galleria	  	Continental/Galleria, LP	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MFM Milwaukee Brookfield Sq	  	Brookfield Square Joint Venture	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	CS Scottsdale/Kierland Crossing	  	Kierland Crossing, LLC	  	RHG Fish Market, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	CS Detroit Birmingham	  	Palladium Restaurant III, LLC	  	RHG Fish Market, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	MS Columbus Downtown	  	Gay Street Properties Ltd	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	MS Columbus Polaris	  	Polaris Mall, LLC	  	RHG Kingfish, LLC	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Bethesda	  	NYLIFE Funding, Inc.	  	RCSH Operations, LLC	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Beverly Hills	  	Chadorchi Living Trust	  	RCSH Operations, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Boston	  	Old City Hall Landmark Corporation	  	Ruth’s Chris Steak House Boston, LLC	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Coral Gables	  	Equity Residential management, L.L.C.	  	RCSH Operations, LLC	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Del Mar	  	Pacific Torrey Reserve Holdings, LP	  	RCSH Operations, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Irvine	  	Maguire Properties - Park Place, LLC	  	RCSH Operations, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Lafayette	  	A.J Bernard and Dr. John Bernard	  	RCSH Operations, LLC	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Phoenix	  	2201 Camelback Associates, LLC	  	RCSH Operations, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	RCSH San Diego	  	H-I Joint Venture	  	RCSH Operations, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	RCSH San Francisco (Conditional Guaranty)	  	1700 California Street, LLC	  	RCSH Operations, Inc.	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Scottsdale	  	HCA AZ, LLC; MPI AZ, LLC; SPI AZ, LLC; KB LMS, LLC; and KB LMS II, LLC,	  	RCSH Operations, Inc.	  	Ruth’s Chris Steak House, Inc.

							
	RCSH Weehawken	  	Hartz Mountain Industries, Inc.	  	RCSH Operations, LLC	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Winter Park	  	Winter Park Town Center Ltd.	  	RCSH Operations, LLC	  	Ruth’s Chris Steak House, Inc.
				
	RCSH Washington DC (DC1)	  	Starwood Urban Retail III, LLC	  	RCSH Operations, LLC	  	Ruth’s Chris Steak House, Inc.

 MFM – Mitchell’s Fish Market 
 CFM – Columbus Fish Market 
 CS – Cameron’s Steakhouse 
 MS – Mitchell’s Steakhouse 
 RCSH – Ruth’s Chris Steak
House

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