Document:

Unassociated Document

 

Exhibit 10.2

 

 

From: Anthony S. Chan [mailto:a.chan@att.net]

Sent: Thursday, July 02, 2015 8:34 AM

To: Mr. Ping Wang; Hanying Li

Cc: AChan ATT; ir@tianli-china.com; Shen Joyce; Li Hanying; Vincent McGill

Subject: Immediate Resignation from Board of Directors

 

Mr. Wang, 

 

I hereby tender my resignation as an independent director of Aoxin Tianli (ABAC). 

 

Thank you for giving me the opportunity to serve the shareholders of ABAC.

 

Regards,

Anthony 

 

Anthony S. Chan, CPAEXHIBIT 10.1

 

PROMISSORY
NOTE

 

$500,000

June
30, 2015

Ukiah,
California

 

FOR
VALUE RECEIVED, MENDOCINO BREWING COMPANY, INC. (“Maker”), a California corporation, promises to pay to the order
of CATAMARAN SERVICES, INC. (“Holder”), a Delaware corporation, the principal sum of Five Hundred Thousand Dollars
($500,000) (“Principal”), with interest as defined below.

 

Maker
promises to pay interest to Holder from the date of this Note on unpaid Principal owing from time to time at a rate equal to the
lesser of (i) one and one-half percent (1.50%) per annum above the prime rate offered from time to time by the Bank of America
Corporation in San Francisco, California, or (ii) ten percent (10%) per annum, until the Principal is fully paid.

 

Maker
shall make payments in lawful money of the United States of America and in immediately available funds. Computations of interest
shall be based on a year of 365 days but shall be calculated for the actual number of days in the period for which interest is
charged.

 

All
payments under this Note shall be made to Holder as directed by the Holder in writing.

 

This
Note may be prepaid in whole or in part, without penalty, at the option of Maker and without the consent of Holder. All payments
shall be applied first to accrued and unpaid interest, and then to the principal balance outstanding.

 

All
payments made pursuant to this Note are expressly subject to the following conditions:

 

	 	a)
    	No portion of Principal
or interest on this Note will be payable or paid until either 1) the Obligation (as that term is defined in the Credit and Security
Agreement dated as of June 23, 2011, as amended, modified, or supplemented from time to time, between Maker, Releta Brewing Company
LLC, and Cole Taylor Bank) to Cole Taylor Bank, now known as MB Financial Bank, N.A. (“Bank”) has been paid and satisfied
in full; or 2) the repayment is a Permitted Payment (as defined below). 
	 	 	 
	 	b)
    	If Maker receives
    a cash contribution for the purchase of equity from its majority shareholder (the “Investment”), Maker may use
    that portion (and only that portion) of the Investment to make payment on this Note (“Permitted Payment”).

 

The
full payment of this Note, and accompanying interest, shall be due within six (6) months of the date of this Note, subject to
the Maker having received an Investment sufficient to pay the Note either through 1) Permitted Payments, or 2) a complete satisfaction
of both the Obligation to Bank and the Note. Should Maker not be able to satisfy this Note at the end of the original six (6)
month term, this Note shall be extended for additional six (6) month terms until such time as Maker receives such an Investment
sufficient to satisfy this Note.

 

    	 

    	 

    

 

This
Note is unsecured, not subject to any guarantee by any third party, nor has Maker granted a security interest in any of its property
to Holder in relation to this Note.

 

Maker
waives presentment, protest, and demand, notice of protest, notice of demand, and dishonor, and notice of nonpayment of this Note.
Except for the right to demand and receive payments of the Permitted Payments, if any, Holder agrees to take no enforcement action
on this Note until the Obligation to Bank has been paid and satisfied in full. Maker expressly agrees that this Note or any payment
under this Note may be extended by Holder from time to time without in any way affecting the liability of Maker. Further, for
the benefit of Bank, this Note may not be amended or modified without the prior written consent of Bank.

 

This
Note shall be governed by the laws of the State of California excluding its conflict of law rules.

 

The
prevailing party in any action (i) to collect payment on this Note, or (ii) in connection with any dispute that arises as to its
enforcement, validity, or interpretation, whether or not a legal action is instituted or prosecuted to judgment, shall be entitled
to all costs and expenses incurred, including attorneys’ fees.

 

If
any provision or any word, term, clause, or part of any provision of this Note shall be invalid for any reason, the same shall
be ineffective, but the remainder of this Note and of the provision shall not be affected and shall remain in full force and effect.

 

Except
as those terms and conditions concerning Bank or the Obligation, any of the terms or conditions of this Note may be waived by
Holder, but no such waiver shall affect or impair the rights of Holder to require observance, performance, or satisfaction, either
of that term or condition as it applies on a subsequent occasion or of any other term or condition of this Note.

 

IN
WITNESS WHEREOF, Maker, by its appropriate officers duly authorized, has executed this promissory note and affixed its corporate
seal on this on the day and year first written above.

 

	MAKER	 	ACCEPTED
    AND AGREED:
	 	 	 
	MENDOCINO BREWING COMPANY, INC.	 	CATAMARAN SERVICES, INC.Exhibit 10.1
    

    
      

    

    
      EXECUTION VERSION
    

    
      

    

    
      WAIVER, JOINDER AND SECOND AMENDMENT
    

    
      THIS WAIVER, JOINDER AND SECOND AMENDMENT (this “Agreement”)
      is dated as of July 1, 2015 by and among JACK IN THE BOX INC., a
      Delaware corporation (the “Borrower”), certain Domestic
      Subsidiaries of the Borrower party hereto (such subsidiaries,
      collectively, the “Guarantors”, and each, a “Guarantor”),
      the banks and other financial institutions or entities party hereto (the
      “Consenting Lenders”) and WELLS FARGO BANK, NATIONAL
      ASSOCIATION, as administrative agent for the Lenders (in such capacity,
      the “Administrative Agent”).
    

    
      Statement of Purpose
    

    
      The Borrower, the banks and other financial institutions party thereto
      (the “Existing Lenders”) and the Administrative
      Agent are parties to that certain Second Amended and Restated Credit
      Agreement dated as of March 19, 2014 (as amended by that certain First
      Amendment and Waiver dated as of November 21, 2014 and as further
      amended, restated, supplemented or otherwise modified from time to time,
      the “Credit Agreement”), pursuant to which the Existing
      Lenders have extended certain credit facilities to the Borrower.  All
      capitalized undefined terms used in this Agreement (including, without
      limitation, in the introductory paragraph and this Statement of Purpose
      hereof) shall have the meanings assigned thereto in the Credit Agreement.
    

    
      The Borrower has requested that the Consenting Lenders (including
      without limitation the Existing Lenders) agree to (a) waive certain
      Defaults or Event of Defaults arising as a result of the failure by the
      Borrower to re-designate its Subsidiary, ZRC Operations Company, Inc., a
      Colorado corporation (“ZRC”), as a Restricted Subsidiary in
      accordance with Section 9.9(c) of the Credit Agreement and to take the
      actions required pursuant to Section 9.9(a) of the Credit Agreement with
      respect to ZRC, as well as certain other Defaults and Events of Default
      directly related thereto, (b) waive any Defaults or Events of Defaults
      arising as a result of any assets, liabilities, contracts and other
      business operations of ZRC having been ascribed to Qdoba Restaurant
      Corporation, a Delaware corporation (“Qdoba”) and (c) amend
      the Credit Agreement as more specifically set forth herein.  Subject to
      the terms and conditions set forth herein, the Administrative Agent and
      each of the Consenting Lenders has agreed to grant such requests of the
      Borrower.
    

    
      NOW, THEREFORE, for good and valuable consideration, the receipt and
      sufficiency of which is hereby acknowledged, the parties hereto hereby
      agree as follows:
    

    
      1.        Waiver.  Pursuant
      to Section 14.11 of the Credit Agreement and subject to the terms and
      conditions hereof and in reliance on the representations and warranties
      of the Borrower and the Guarantors made herein, each Consenting Lender
      hereby waives (i) any Default or Event of Default arising under Sections
      12(c), (d)(i) or (e) of the Credit Agreement as a result of the
      non-compliance by the Borrower with Section 9.9 thereof as such section
      relates to ZRC, (ii) any other Default or Event of Default directly
      related to the Defaults and Events of Default set forth in clause (i)
      above, including without limitation as a result of any such incorrect
      representations, warranties in any Loan Document, any such incorrect
      Compliance Certificate and any intercompany loans or investments between
      ZRC on the one hand and any of the Credit Parties on the other
      hand,  (iii) any Default or Event of Default related to Qdoba or ZRC, to
      the extent that assets, liabilities, contracts and other business
      operations ascribed to Qdoba by the Borrower and its Subsidiaries are in
      fact assets, liabilities, contracts and other business operations of
      ZRC, a wholly-owned Subsidiary of Qdoba and (iv) to the extent
      applicable, any right to receive additional interest or fees as a result
      of the operation of the final paragraph of the definition of “Applicable
      Margin” as a result of any misstatement of the Leverage Ratio solely as
      a result of the foregoing Defaults and Events of Default.  Without
      limiting the foregoing, Borrower’s Net Income and EBITDA for all periods
      ending prior to the Second Amendment Effective Date shall be deemed to
      include the Net Income and EBITDA of ZRC as if ZRC had been a Restricted
      Subsidiary for such periods.
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      2.        Amendment to Credit
      Agreement.  Subject to the terms and conditions set forth herein and
      the effectiveness of this Agreement in accordance with its terms, the
      parties hereto agree that the Credit Agreement is amended by:
    

    
      (a)       adding the following defined terms to Section
      1.1 thereof in proper alphabetical order:
    

    
      “‘Second Amendment’ means that certain Waiver,
      Joinder and Second Amendment, dated as of July 1, 2015, by and among the
      Borrower, the Guarantors, the Lenders party thereto and the
      Administrative Agent.”; and
    

    
      “‘Second Amendment Effective Date’ means the
      effective date of the Second Amendment.”;
    

    
      (b)       deleting the proviso at the end of the definition of “Capital
      Expenditures” in Section 1.1 thereof;
    

    
      (c)       amending and restating the definition of “Lenders” as follows:
    

    
      “‘Lender’ means each Person executing this Agreement as a Lender on the
      Closing Date (including, without limitation, the Issuing Lender and the
      Swingline Lender unless the context otherwise requires) and each Person
      that hereafter becomes a party to this Agreement as a Lender pursuant to Section
      14.10 or pursuant to the Second Amendment.”
    

    
      (d)       adding the following sentence to the end of the definition of
      “LIBOR Rate” in Section 1.1 thereof:
    

    
      “In no event shall the LIBOR Rate be less than 0%.”;
    

    
      (e)       deleting the final sentence in the definition of “Revolving
      Credit Commitment” in Section 1.1 thereof and replacing it
      with the following:
    

    
      “The aggregate Revolving Credit Commitment of all Revolving Credit
      Lenders on the Second Amendment Effective Date shall be Nine Hundred
      Million Dollars ($900,000,000).”;
    

    
      
        

        

      

      
        
          2
        

        
          

        

      

      
        

        

      

    

    

    

    
      (f)     deleting the reference to “2.75 to 1.00” in the definition of
      “Subject Distribution” in Section 1.1 thereof and
      replacing it with “3.00 to 1.00”;
    

    
      (g)     deleting clause (c) of Section 2.1
      thereof in its entirety and replacing it with the following:
    

    
              “(c) no more than $500,000,000 of Revolving Credit Loans,
      Letters of Credit and Swingline Loans may be outstanding on the Second
      Amendment Effective Date”;
    

    
      (h)     deleting subclause (ii) of clause (a) of Section
      2.2 thereof in its entirety and replacing it with the following:
    

    
              “(ii) no more than $500,000,000 of Revolving Credit Loans,
      Letters of Credit and Swingline Loans may be outstanding on the Second
      Amendment Effective Date”;
    

    
      (i)     adding the following to the end of the first sentence of Section
      3.1 thereof:
    

    
              “or (iii) the outstanding amount of Revolving Credit Loans,
      Letters of Credit and Swingline Loans on the Second Amendment Effective
      Date would exceed $500,000,000”;
    

    
      (j)     deleting Section 4.1 thereof in
      its entirety and replacing it with the following:
    

    
      “Term Loan.  (a) On the Closing Date, each Term Loan Lender
      as of the date thereof severally agreed to make, and made, the initial
      advance of the Term Loan to the Borrower in a single draw in a principal
      amount equal to such Lender’s Term Loan Commitment as of the Closing
      Date, the aggregate outstanding principal amount of which initial
      advance was $187,500,000 as of the Second Amendment Effective Date, and
      (b) on and as of the Second Amendment Effective Date, subject to the
      terms and conditions of this Agreement and the other Loan Documents and
      in reliance upon the representations and warranties set forth herein and
      therein, each Increasing Term Loan Lender (as defined in the Second
      Amendment) severally agrees to, and will, make its portion of the second
      advance of the Term Loan to the Borrower in a single draw in a principal
      amount equal to the amount to be advanced by such Increasing Term Loan
      Lender on the Second Amendment Effective Date as set forth in, and
      pursuant to the terms and conditions of, the Second Amendment (including
      the Schedules thereto).”;
    

    
      (k)     deleting Section 4.3 thereof in
      its entirety and replacing it with the following:
    

    
      “Repayment of Term Loan.  The Borrower shall repay the
      aggregate outstanding principal amount of the Term Loan in consecutive
      quarterly installments on the last Business Day of each of March, June,
      September and December commencing September 30, 2015 as set forth below,
      except as the amounts of individual installments may be adjusted
      pursuant to Section 4.4 hereof:
    

    
      
        

        

      

      
        
          3
        

        
          

        

      

      
        

        

      

    

    

    

    
    	
          Payment Date
        	
          Installment Payment Amount
        
	
          September 30, 2015
        	
          $3,906,250
        
	
          December 31, 2015
        	
          $3,906,250
        
	
          March 31, 2016
        	
          $3,906,250
        
	
          June 30, 2016
        	
          $5,859,375
        
	
          September 30, 2016
        	
          $5,859,375
        
	
          December 31, 2016
        	
          $5,859,375
        
	
          March 31, 2017
        	
          $5,859,375
        
	
          June 30, 2017
        	
          $5,859,375
        
	
          September 30, 2017
        	
          $5,859,375
        
	
          December 31, 2017
        	
          $5,859,375
        
	
          March 31, 2018
        	
          $5,859,375
        
	
          June 30, 2018
        	
          $7,812,500
        
	
          September 30, 2018
        	
          $7,812,500
        
	
          December 31, 2018
        	
          $7,812,500
        
	
          Term Loan Maturity Date
        	
          Remainder of Term Loan Facility
        

    

    
      If not sooner paid, the Term Loan shall be paid in full, together with
      accrued interest thereon, on the Term Loan Maturity Date.”;
    

    
      (l)       deleting Section 9.10
      thereof in its entirety and replacing it with the following:
    

    
      “SECTION 9.10  Use of Proceeds.  On or after the
      Second Amendment Effective Date, use the proceeds of the Term Loan and
      Extensions of Credit under the Revolving Credit Facility to (a) pay
      fees, commissions and expenses incurred in connection with the Second
      Amendment and (b) finance ongoing working capital requirements and other
      general corporate purposes (including permitted payments of Debt,
      permitted share repurchases, permitted dividends and Permitted
      Acquisitions).”;
    

    
      
        

        

      

      
        
          4
        

        
          

        

      

      
        

        

      

    

    

    

    
      (m)       deleting the reference to “3.00 to 1.00” contained in Section
      10.1 thereof and replacing it with “3.50 to 1.00”;
    

    
      (n)       deleting Section 10.3
      thereof in its entirety;
    

    
      (o)       deleting the reference to “2.50 to 1.00” contained in Section
      11.3(h)(viii) thereof and replacing it with “3.00 to 1.00”; and
    

    
      (p)       deleting the reference to “2.75 to 1.00” contained in clause
      (c) of Section 11.14 thereof and replacing it with “3.00 to 1.00”.
    

    
      3.        Agreement Regarding
      Term Loans.
    

    
      (a)       Notwithstanding anything to the contrary contained in the
      Credit Agreement, each of the parties hereto acknowledges and agrees
      that a second advance in the aggregate principal amount of $112,500,000
      shall be permitted to be made under the Term Loan on the effective date
      of this Agreement and that all amounts so advanced shall increase the
      outstanding principal amount of the Term Loan and shall for all purposes
      under the Loan Documents be deemed to be a part of the Term
      Loan.  References in the Credit Agreement and the other Loan Documents
      to the Term Loan and the Term Loan Facility shall include the amounts
      advanced in accordance with this paragraph on the effective date of this
      Agreement.
    

    
      (b)       Subject to the terms and conditions of this Agreement, the
      Credit Agreement and the other Loan Documents, and in reliance upon the
      representations and warranties set forth herein and therein, each of the
      financial institutions listed on Part A of Schedule I hereto
      (each, an “Increasing Term Loan Lender” and, collectively,
      the “Increasing Term Loan Lenders”) severally agrees to
      make its portion of the second advance of the Term Loan to the Borrower
      in a single draw on the effective date of this Agreement in a principal
      amount equal to the amount set forth for such Increasing Term Loan
      Lender on Part A of Schedule I hereto (it being acknowledged and
      agreed that the amounts set forth on Part A of Schedule I hereto
      shall be in addition to any portion of the Term Loan held by any such
      Increasing Term Loan Lender immediately prior to the effectiveness of
      this Agreement).  After giving effect to funding of the second advance
      under the Term Loan, each Lender shall hold the aggregate outstanding
      principal amount of the Term Loan set forth opposite such Lender’s name
      on Part A of Schedule II hereto.  Each Increasing Term Loan
      Lender acknowledges and agrees that its Commitment with respect to the
      amounts to be advanced in connection with the second advance under the
      Term Loan on the effective date of this Agreement shall be in the amount
      set forth for such Increasing Term Loan Lender on Part A of Schedule I
      hereto and that its Term Loan Percentage with respect to such advance
      shall be equal to the ratio of such Commitment to the total principal
      amount of such advance.
    

    
      
        

        

      

      
        
          5
        

        
          

        

      

      
        

        

      

    

    

    

    
      4.        Agreement Regarding
      Revolving Credit Commitments and Revolving Credit Loans.
    

    
      (a)      Subject to the terms and conditions of this Agreement, the
      Credit Agreement and the other Loan Documents, and in reliance upon the
      representations and warranties set forth herein and therein, each of the
      financial institutions listed on Part B of Schedule I hereto
      (each, an “Increasing Revolving Credit Lender” and,
      collectively, the “Increasing Revolving Credit Lenders” and
      the Increasing Revolving Credit Lenders, collectively with the
      Increasing Term Loan Lenders, the “Increasing Lenders”)
      severally agrees to make Revolving Credit Loans in Dollars to the
      Borrower from time to time from and after the effectiveness of this
      Agreement until the Revolving Credit Maturity Date in an aggregate
      amount set forth on Part B of Schedule I hereto (it being
      acknowledged and agreed that the amounts set forth on Part B of Schedule
      I hereto shall be in addition to the Revolving Credit Commitment of
      any such Increasing Revolving Credit Lender that is in effect
      immediately prior to the effectiveness of this Agreement).  After giving
      effect to the increase in the aggregate Revolving Credit Commitment
      contemplated in this Agreement the Revolving Credit Commitment of each
      Revolving Credit Lender (including the Increasing Revolving Credit
      Lenders) shall be as set forth on Part B of Schedule II hereto as
      of the effective date of this Agreement, as such amount may, after such
      effective date, be reduced or modified at any time or from time to time
      pursuant to, and in accordance with, the terms of the Credit Agreement.
    

    
      (b)      Concurrently with the effectiveness of this Agreement, the
      outstanding Extensions of Credit under the Revolving Credit Facility
      will be reallocated by the Administrative Agent among the Revolving
      Credit Lenders (including the Increasing Revolving Credit Lenders) in
      accordance with their revised Revolving Credit Commitment Percentages
      after giving effect to the increase in the aggregate Revolving Credit
      Commitment (and each of the Revolving Credit Lenders agrees to make all
      payments and adjustments necessary to effect such reallocation and the
      Borrower shall pay any and all costs required pursuant to Section 5.9
      of the Credit Agreement in connection with such reallocation as if such
      reallocation were a repayment).
    

    
      5.        Effectiveness.  Upon
      the satisfaction or waiver of each of the following conditions, this
      Agreement shall be deemed to be effective:
    

    
      (a)       the Administrative Agent shall have received counterparts of
      this Agreement executed by the Administrative Agent, the Required
      Lenders, each of the Increasing Lenders and each of the Credit Parties
      (including ZRC);
    

    
      (b)       the Administrative Agent shall have received favorable
      opinions of counsel to each Credit Party (including ZRC) addressed to
      the Administrative Agent and the Lenders (including, without limitation,
      the Increasing Lenders) with respect to the Credit Parties (including
      ZRC), the Loan Documents and such other matters as the Administrative
      Agent shall reasonably request;
    

    
      (c)       the Administrative Agent shall have received a certificate of
      a Responsible Officer of each Credit Party (other than ZRC) certifying
      as to the incumbency and genuineness of the signature of each officer of
      such Credit Party executing this Agreement and each of the other Loan
      Documents to which it is a party and certifying that (A) the articles or
      certificate of incorporation or formation, certificate of partnership or
      other organizational document, as applicable, of such Credit Party and
      the bylaws, operating agreement, partnership agreement or other
      governing document, as applicable, of such Credit Party, in each case
      that were delivered to the Administrative Agent on the Closing Date of
      the Credit Agreement have not been amended, restated, modified or
      supplemented in any respect (or if such certification cannot be made,
      attaching, and certifying as to the truth, correctness and completion
      of, any such amendment, restatement, modification or supplement, as
      applicable), (B) attached thereto is a true, correct and complete copy
      of resolutions duly adopted by the board of directors or other
      applicable governing authority of such Credit Party authorizing the
      transactions contemplated hereunder and the execution, delivery and
      performance of this Agreement and the other applicable Loan Documents to
      which it is a party, and (C) attached thereto is a true, correct and
      complete copy of each certificate of a recent date of (1) the good
      standing of each Credit Party (other than ZRC) under the laws of its
      jurisdiction of organization and (2) to the extent available from the
      applicable jurisdiction, a certificate of the relevant taxing
      authorities of the jurisdiction of organization of each Credit Party
      certifying that such Credit Party has filed required tax returns and
      owes no delinquent taxes;
    

    
      
        

        

      

      
        
          6
        

        
          

        

      

      
        

        

      

    

    

    

    
      (d)       the Administrative Agent shall have received a certificate of
      a Responsible Officer of ZRC certifying as to the incumbency and
      genuineness of the signature of each officer of ZRC executing this
      Agreement and each of the other Loan Documents to which it is a party
      and certifying that attached thereto is a true, correct and complete
      copy of (A) the articles or certificate of incorporation of ZRC and all
      amendments thereto, certified as of a recent date by the appropriate
      Governmental Authority in its jurisdiction of incorporation or
      organization, (B) the bylaws of ZRC as in effect on the date of such
      certifications, (C) resolutions duly adopted by the board of directors
      or other applicable governing authority of ZRC authorizing the
      transactions contemplated hereunder and the execution, delivery and
      performance of this Agreement and the other Loan Documents to which it
      is a party, and (D) a true, correct and complete copy of each
      certificate of a recent date of the good standing of ZRC under the laws
      of its jurisdiction of organization;
    

    
      (e)       the Borrower shall have delivered to the Administrative Agent
      the supplemental schedules to the Collateral Agreement contemplated by
      Section 17(d) below;
    

    
      (f)       all filings and recordations that are necessary to perfect the
      security interests of the Administrative Agent, on behalf of the Secured
      Parties, in the Collateral granted by ZRC hereunder shall have been
      forwarded for filing in all appropriate locations and the Administrative
      Agent shall have received evidence satisfactory thereto that upon such
      filings and recordations such security interests constitute valid and
      perfected first priority Liens therein, subject to any Liens permitted
      under Section 11.2 of the Credit Agreement;
    

    
      (g)       the Administrative Agent shall have received original stock
      certificates or other certificates evidencing the Capital Stock of ZRC
      pledged as Collateral together with an undated stock power for each such
      certificate duly executed in blank by the registered owner thereof;
    

    
      
        

        

      

      
        
          7
        

        
          

        

      

      
        

        

      

    

    

    

    
      (h)       the Borrower shall have delivered to the Administrative Agent
      a certificate, in form and substance satisfactory to the Administrative
      Agent, and certified as accurate by the chief financial officer or
      treasurer of the Borrower, certifying that (A) after giving effect to
      the funding of the second advance under the Term Loan and the increase
      in the aggregate Revolving Credit Commitment (and any Extensions of
      Credit thereunder) effected hereunder and the other transactions
      contemplated to occur on the effective date of this Agreement, the
      Borrower and the Credit Parties (including ZRC), taken as a whole, are
      Solvent, and (B) attached thereto are calculations evidencing compliance
      on a pro forma basis with the covenants contained in Sections
      10.1 and 10.2 of the Credit Agreement after giving effect to
      the amendments set forth in this Agreement, the funding of the second
      advance under the Term Loan and the increase in the aggregate Revolving
      Credit Commitment (and any Extensions of Credit thereunder) effected
      hereunder and the other transactions contemplated to occur on the
      effective date of this Agreement;
    

    
      (i)       the Administrative Agent shall have the results of a Lien
      search made against each Credit Party (which, solely in the case of ZRC,
      shall include a search as to judgments, pending litigation, bankruptcy
      and tax matters) indicating among other things that its assets are free
      and clear of any Lien except for Liens permitted under the Credit
      Agreement;
    

    
      (j)       the Credit Parties (including ZRC) shall have received all
      governmental, shareholder and third party consents and approvals
      required (or any other material consents as determined in the reasonable
      discretion of the Administrative Agent) in connection with the
      transactions contemplated by this Agreement and the other Loan Documents
      and the other transactions contemplated hereby and thereby and all
      applicable waiting periods shall have expired without any action being
      taken by any Person that could reasonably be expected to restrain,
      prevent or impose any material adverse conditions on any of the Credit
      Parties (including ZRC) or such other transactions or that could seek or
      threaten any of the foregoing;
    

    
      (k)       no action, proceeding, investigation, regulation or
      legislation shall have been instituted, threatened or proposed before
      any Governmental Authority (including the SEC and any state securities
      regulatory authorities) to enjoin, restrain, or prohibit, or to obtain
      substantial damages in respect of, or which is related to or arises out
      of this Agreement, the other Loan Documents or the consummation of the
      transactions contemplated hereby or thereby, or which, in the
      Administrative Agent’s sole discretion, would make it inadvisable to
      consummate the transactions contemplated by this Agreement and such
      other Loan Documents;
    

    
      (l)       since September 28, 2014, no Material Adverse Effect, or
      circumstance or condition that could reasonably be expected to result in
      a Material Adverse Effect, has occurred;
    

    
      (m)       each Credit Party (including ZRC) shall have provided to the
      Administrative Agent and the Lenders the documentation and other
      information requested by the Administrative Agent in order to comply
      with the requirements of the Patriot Act, applicable “know your
      customer” and anti-money laundering rules and regulations; and
    

    
      
        

        

      

      
        
          8
        

        
          

        

      

      
        

        

      

    

    

    

    
      (n)       the Borrower shall have paid to Wells Fargo Securities, LLC
      and/or the Consenting Lenders, as the case may be, such fees and
      out-of-pocket charges and other expenses in connection with this
      Agreement and the transactions contemplated hereby, as shall have been
      separately agreed upon in writing in the amounts and at the time so
      specified, including, without limitation, the reasonable fees and
      disbursements of counsel for the Administrative Agent.
    

    
      Without limiting the generality of the provisions of the last paragraph
      of Section 13.3 of the Credit Agreement, for purposes of
      determining compliance with the conditions specified in this Section 5,
      each Lender that has signed this Agreement shall be deemed to have
      consented to, approved or accepted or to be satisfied with, each
      document or other matter required thereunder to be consented to or
      approved by or acceptable or satisfactory to a Lender unless the
      Administrative Agent shall have received notice from such Lender prior
      to the proposed effective date hereof specifying its objection thereto.
    

    
      6.        Limited Effect.  Except
      as expressly provided herein, the Credit Agreement and the other Loan
      Documents shall remain unmodified and in full force and effect.  This
      Agreement shall not be deemed (a) to be a waiver of, or consent to, or a
      modification or amendment of, any other term or condition of the Credit
      Agreement or any other Loan Document other than as expressly set forth
      herein, (b) to prejudice any right or rights which the Administrative
      Agent or the Lenders may now have or may have in the future under or in
      connection with the Credit Agreement or the other Loan Documents or any
      of the instruments or agreements referred to therein, as the same may be
      amended, restated, supplemented or modified from time to time, or (c) to
      be a commitment or any other undertaking or expression of any
      willingness to engage in any further discussion with the Borrower, any
      of its Subsidiaries or any other Person with respect to any other
      waiver, amendment, modification or any other change to the Credit
      Agreement or the Loan Documents or any rights or remedies arising in
      favor of the Lenders or the Administrative Agent, or any of them, under
      or with respect to any such documents.  References in the Credit
      Agreement to “this Agreement” (and indirect references such as
      “hereunder”, “hereby”, “herein”, “hereof” or other words of like import)
      and in any Loan Document to the “Credit Agreement” shall be deemed to be
      references to the Credit Agreement as modified hereby.  
    

    
      7.        Representations and
      Warranties.  The Borrower and each Guarantor represents and warrants
      that (a) it has the corporate power and authority to make, deliver and
      perform this Agreement, (b) it has taken all necessary corporate or
      other action to authorize the execution, delivery and performance of
      this Agreement, (c) this Agreement has been duly executed and delivered
      on behalf of such Person, (d) this Agreement constitutes a legal, valid
      and binding obligation of such Person, enforceable against it in
      accordance with its terms, except as enforceability may be limited by
      applicable bankruptcy, insolvency, reorganization, moratorium or similar
      laws affecting the enforcement of creditors’ rights generally and by
      general equitable principles (whether enforcement is sought by
      proceedings in equity or at law), (e) each of the representations and
      warranties made by the Borrower and the Guarantors in or pursuant to the
      Loan Documents is true and correct in all material respects (except to
      the extent that such representation and warranty is subject to a
      materiality or Material Adverse Effect qualifier, in which case it shall
      be true and correct in all respects), in each case on and as of the date
      hereof as if made on and as of the date hereof, except to the extent
      that such representations and warranties relate to an earlier date, in
      which case such representations and warranties are true and correct in
      all material respects as of such earlier date and (f) except as
      expressly waived by Section 1 of this Agreement, no Default or Event of
      Default has occurred and is continuing as of the date hereof or after
      giving effect hereto.
    

    
      
        

        

      

      
        
          9
        

        
          

        

      

      
        

        

      

    

    

    

    
      8.        Acknowledgement and
      Reaffirmation.  By their execution hereof, the Borrower and each
      Guarantor hereby expressly (a) consent to this Agreement and (b)
      acknowledge that the covenants, representations, warranties and other
      obligations set forth in the Credit Agreement, the Notes and the other
      Loan Documents to which the Borrower or such Guarantor is a party remain
      in full force and effect. Without limiting the foregoing, each Borrower
      and each Guarantor hereby ratifies and reaffirms its grant of liens on
      or security interests in any of its properties pursuant to one or more
      of the Loan Documents as security for the Obligations arising under or
      pursuant to and as defined in the Credit Agreement, and confirms and
      agrees that, subsequent to, and after giving effect to this Agreement,
      such liens and security interests shall continue to secure all of the
      Obligations arising under or pursuant to, and as defined in, the Credit
      Agreement.  Without limiting the foregoing, JBX General Partner LLC, a
      Delaware limited liability company (“JBX GP”) hereby
      consents to the pledge of the interest of JBX Limited Partner LLC, a
      Delaware limited liability company (“JBX LP”) in Jack in
      the Box Eastern Division L.P., a Texas limited partnership (“Eastern
      Division”) under the Collateral Agreement, and JBX LP hereby
      consents to the pledge of the interest of JBX GP in Eastern Division
      under the Collateral Agreement.
    

    
      9.        Costs, Expenses and
      Taxes.  The Borrower agrees to pay in accordance with Section
      14.2 of the Credit Agreement all invoiced and reasonable costs and
      expenses of the Administrative Agent in connection with the preparation,
      execution, delivery, administration of this Agreement and the other
      instruments and documents to be delivered hereunder, including, without
      limitation, the reasonable fees and out-of-pocket expenses of counsel
      for the Administrative Agent with respect thereto and with respect to
      advising the Administrative Agent as to its rights and responsibilities
      hereunder and thereunder.
    

    
      10.       Execution in Counterparts.  This
      Agreement may be executed by one or more of the parties to this
      Agreement on any number of separate counterparts, and all of said
      counterparts taken together shall be deemed to constitute one and the
      same instrument.  Delivery of an executed signature page of this
      Agreement by facsimile transmission or other electronic transmission
      (e.g., by “.pdf” or “.tif” format) shall be effective as delivery of a
      manually executed counterpart hereof.  
    

    
      11.       Governing Law.  This
      Agreement and the rights and obligations of the parties under this
      Agreement shall be governed by, and construed and interpreted in
      accordance with, the law of the State of New York (including Section
      5-1401 and Section 5-1402 of the General Obligations Law of the State of
      New York), without reference to the conflicts or choice of law
      principles thereof.
    

    
      
        

        

      

      
        
          10
        

        
          

        

      

      
        

        

      

    

    

    

    
      12.       Entire Agreement.  This
      Agreement is the entire agreement, and supersedes any prior agreements
      and contemporaneous oral agreements, of the parties concerning its
      subject matter.
    

    
      13.       Successors and Assigns.  This
      Agreement shall be binding on and inure to the benefit of the parties
      and their heirs, beneficiaries, successors and permitted assigns.
    

    
      14.       New Lenders.  Each
      Increasing Lender that prior to its execution of this Agreement is not a
      Lender hereby (a) represents and warrants that (i) it has full power and
      authority, and has taken all action necessary, to execute and deliver
      this Agreement and to consummate the transactions contemplated by this
      Agreement, the Credit Agreement and the other Loan Documents and to
      become a Lender under the Credit Agreement and the other Loan Documents
      and perform all of its obligations thereunder, (ii) it meets all
      requirements to be an assignee under the Credit Agreement, (iii) from
      and after the effectiveness of this Agreement, it shall be bound by the
      provisions of the Credit Agreement as a Lender thereunder and, to the
      extent of its portion of the Term Loan (if any) as set forth on Part A
      of Schedule I hereto and its Revolving Credit Commitment as set
      forth on Part B of Schedule I hereto, shall have the obligations
      of a Lender thereunder, (iv) it is sophisticated with respect to
      decisions to participate in credit facilities of the type represented by
      the Credit Agreement and this Agreement and either it, or the person
      exercising discretion in making its decision to participate in the
      credit facilities evidenced by the Credit Agreement, is experienced with
      credit facilities of such type, (v) it has received a copy of the Credit
      Agreement, together with copies of the most recent financial statements
      delivered pursuant to Section 8.1 thereof and such other
      documents and information as it has deemed appropriate to make its own
      credit analysis and decision to enter into this Agreement and to commit
      to make a portion of the Term Loan or the increased Revolving Credit
      Commitment, as applicable, on the basis of which it has made such
      analysis and decision independently and without reliance on the
      Administrative Agent or any other Lender, and (vi) if it is a Foreign
      Lender, it has provided to the Administrative Agent and the Borrower
      duly completed and executed documentation required to be delivered by it
      pursuant to the terms of the Credit Agreement and (b) agrees that (i) it
      will, independently and without reliance on the Administrative Agent or
      any other Lender, and based on such documents and information as it
      shall deem appropriate at the time, continue to make its own credit
      decisions in taking or not taking action under the Loan Documents and
      (ii) it will perform in accordance with their terms all of the
      obligations that by the terms of the Loan Documents are required to be
      performed by it as a Lender.
    

    
      15.       FATCA.    For
      purposes of determining withholding Taxes imposed under FATCA, from and
      after the effective date of this Agreement, the Borrower and the
      Administrative Agent shall treat (and the Lenders hereby authorize the
      Administrative Agent to treat) this Agreement as not qualifying as a
      “grandfathered obligation” within the meaning of Treasury Regulation
      Section 1.1471-2(b)(2)(i).
    

    
      16.       Guaranty Agreement
      Supplement.
    

    
      (a)       ZRC hereby agrees that by execution of this Agreement it is a
      Restricted Subsidiary under the Credit Agreement, a Guarantor under the
      Guaranty Agreement as if a signatory thereof on the Closing Date and a
      “Credit Party” under the Credit Agreement, and ZRC (i) shall comply
      with, be subject to, and have the benefit of, all of the terms,
      conditions, covenants, agreements and obligations set forth in the
      Guaranty Agreement and (ii) hereby as of the date hereof makes each
      representation and warranty set forth in the Credit Agreement and the
      Guaranty Agreement.  The parties acknowledge and agree that this
      Agreement shall constitute a supplement to the Guaranty Agreement in
      form and substance satisfactory to the Administrative Agent under
      Section 27 of the Guaranty Agreement.
    

    
      
        

        

      

      
        
          11
        

        
          

        

      

      
        

        

      

    

    

    

    
      (b)       The Borrower and ZRC hereby agree that, except as expressly
      set forth herein, each reference to a “Guarantor” or the “Guarantors”
      and “Credit Party” or the “Credit Parties” in this Agreement, the Credit
      Agreement, the Guaranty Agreement and the other Loan Documents shall
      include ZRC, and each reference to the “Guaranty Agreement” or
      “Guaranty” as used therein shall mean the Guaranty Agreement as
      supplemented hereby.
    

    
      17.       Collateral Agreement
      Supplement.
    

    
      (a)       Joinder to the
      Collateral Agreement.
    

    
                (i)       The Borrower and ZRC hereby agree that by execution
      of this Agreement, ZRC is a party to the Collateral Agreement as if a
      signatory thereof as a Grantor and as an Issuer on the Closing Date, and
      ZRC (A) shall comply with, and be subject to, and have the benefit of,
      all of the terms, covenants, conditions, agreements and obligations set
      forth in the Collateral Agreement and (B) hereby as of the date hereof
      makes each representation and warranty set forth in the Collateral
      Agreement (subject to the information set forth on the schedules
      delivered pursuant to clause (d) below).  The Borrower and ZRC hereby
      agree that each reference to a “Grantor”, the “Grantors”, an “Issuer”,
      the “Issuers”, a “Subsidiary Issuer” or the “Subsidiary Issuers” in the
      Collateral Agreement and the other Loan Documents shall include
      ZRC.  The parties acknowledge and agree that this Agreement shall
      constitute a joinder to the Collateral Agreement in form and substance
      satisfactory to the Administrative Agent under Section 7.15 of the
      Collateral Agreement.
    

    
                (ii)      In order to secure the prompt and complete payment
      and performance when due (whether at the stated maturity, by
      acceleration or otherwise) of the Obligations in accordance with the
      terms of the Credit Agreement and the other Loan Documents, ZRC hereby
      grants, pledges and collaterally assigns to the Administrative Agent,
      for the ratable benefit of itself and the Secured Parties, a security
      interest in and to all of ZRC’s right, title and interest in and to all
      Collateral whether now owned or at any time hereafter acquired by ZRC or
      in which ZRC now has or at any time in the future may acquire any right,
      title or interest, and wherever located or deemed located (collectively,
      the “New Collateral”).
    

    
                (iii)     The Borrower and ZRC hereby agree that “Collateral”
      as used in the Collateral Agreement and the Credit Agreement shall
      include all New Collateral pledged pursuant hereto, “Investment
      Property” and “Equity Interests”, as applicable, as used therein shall
      include the New Collateral pledged pursuant hereto and “Collateral
      Agreement” or “Agreement” as used therein shall mean the Collateral
      Agreement as supplemented hereby.
    

    
      
        

        

      

      
        
          12
        

        
          

        

      

      
        

        

      

    

    

    

    
                (iv)      QRC of Kansas, LLC, a Kansas limited liability
      company and a Subsidiary of ZRC, hereby executes this Agreement in the
      capacity as a Subsidiary Issuer (as such term is defined in the
      Collateral Agreement) and agrees to be bound by the terms and provisions
      of the Collateral Agreement applicable to Subsidiary Issuers.
    

    
      (b)       Filing Information and
      Perfection.  The Borrower and ZRC shall deliver to the
      Administrative Agent such certificates and other documents (including,
      without limitation, UCC-1 financing statements, stock certificates,
      stock powers, unit certificates and unit powers, as applicable) and take
      such action as the Administrative Agent shall reasonably request in
      order to effectuate the terms hereof and of the Collateral Agreement.
    

    
      (c)       Acknowledgement and
      Consent.  ZRC hereby acknowledges receipt of a copy of this
      Agreement, Credit Agreement, Collateral Agreement, the Guaranty
      Agreement and the other Loan Documents to which it is a party and agrees
      for the benefit of the Administrative Agent and the Secured Parties to
      be bound thereby and to comply with the terms thereof insofar as such
      terms are applicable to it.
    

    
      (d)       Schedules to the
      Collateral Agreement.  Attached hereto as Annex A
      is a supplement to each of the Schedules to the Collateral Agreement,
      including Schedules 3.6 and 3.7 thereto, setting forth all
      information required to be provided therein with respect to ZRC.
    

    
      [Signature Pages Follow]
    

    
      
        

        

      

      
        
          13
        

        
          

        

      

      
        

        

      

    

    

    

    
      IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
      executed under seal by their respective duly authorized officers, all as
      of the day and year first written above.
    

    	
           
        	
          
            BORROWER:
          

        
	

        	
           
        
	

        	
          JACK IN THE BOX INC., as the Borrower
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Paul D. Melancon
        
	

        	
          Name:
        	
          Paul D. Melancon.
        
	

        	
          Title:
        	
          Senior Vice President, Finance, Controller & Treasurer
        
	

        	
           
        
	

        	
          
            GUARANTORS:
          

        
	

        	
           
        
	

        	
          JBX GENERAL PARTNER LLC, as a Guarantor
        
	

        	
           
        
	

        	
          By:
        	
          Jack in the Box Inc.,
        
	

        	

        	
          as sole member
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Paul D. Melancon
        
	

        	
          Name:
        	
          Paul D. Melancon
        
	

        	
          Title:
        	
          Senior Vice President, Finance, Controller & Treasurer
        
	

        	
           
        
	

        	
          JBX LIMITED PARTNER LLC, as a Guarantor
        
	

        	
           
        
	

        	
          By:
        	
          Jack in the Box Inc.,
        
	

        	

        	
          as sole member
        
	

        	
           
        
	

        	
          By:
        	
          /s/ Paul D. Melancon
        
	

        	
          Name:
        	
          Paul D. Melancon
        
	

        	
          Title:
        	
          Senior Vice President, Finance, Controller & Treasurer
        
	

        	
           
        
	

        	
          JACK IN THE BOX EASTERN DIVISION L.P., as a Guarantor
        
	

        	
           
        
	

        	
          By:
        	
          JBX General Partner LLC,
        
	

        	

        	
          as general partner
        
	

        	
           
        
	

        	

        	
          By: Jack in the Box Inc. as sole member
        
	

        	
           
        
	

        	
          By:
        	
          
            /s/ Paul D. Melancon
          

        
	

        	
          Name:
        	
          
            Paul D. Melancon
          

        
	

        	
          Title:
        	
          Senior Vice President, Finance, Controller & Treasurer
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          QDOBA RESTAURANT CORPORATION, as a Guarantor
        
	
           
        
	

        	
          By:
        	
          /s/ Bruce Vermilyea
        
	

        	
          Name:
        	
          Bruce Vermilyea
        
	

        	
          Title:
        	
          Treasurer, Vice President and Controller
        
	
           
        
	

        	
          ZRC OPERATIONS COMPANY, INC., as a Guarantor
        
	
           
        
	

        	
          By:
        	
          /s/ Bruce Vermilyea
        
	

        	
          Name:
        	
          Bruce Vermilyea
        
	

        	
          Title:
        	
          President & Treasurer
        
	
           
        
	

        	
          QRC OF KANSAS, LLC, as a Subsidiary Issuer
        
	
           
        
	

        	
          By:
        	
          /s/ Bruce Vermilyea
        
	

        	
          Name:
        	
          Bruce Vermilyea
        
	

        	
          Title:
        	
          Manager
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            AGENT AND LENDERS:
          

        
	
           
        
	

        	
          
            WELLS FARGO BANK, NATIONAL ASSOCIATION,
as the Administrative
            Agent and a Consenting Lender
          

        
	
           
        
	

        	
          By:
        	
          /s/ Stephen Leon
        
	

        	
          Name:
        	
          Stephen Leon
        
	

        	
          Title:
        	
          Managing Director
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          BANK OF AMERICA, N.A., as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Aron Frey
        
	

        	
          Name:
        	
          Aron Frey
        
	

        	
          Title:
        	
          Assistant Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            COÖPERATIEVE CENTRALE RAIFFEISEN-BOERENLEENBANK B.A.
“RABOBANK
            NEDERLAND” NEW YORK BRANCH, as a Consenting Lender
          

        
	
           
        
	

        	
          By:
        	
          
            /s/ Matthew Gregg
          

        
	

        	
          Name:
        	
          Matthew Gregg
        
	

        	
          Title:
        	
          Vice President
        
	
           
        
	

        	
          By:
        	
          
            /s/ Gillian Dickson
          

        
	

        	
          Name:
        	
          Gillian Dickson
        
	

        	
          Title:
        	
          Executive Director
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          FIFTH THIRD BANK, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Jeffery K. Hoffman
        
	

        	
          Name:
        	
          Jeffery K. Hoffman
        
	

        	
          Title:
        	
          Senior Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          COMPASS BANK, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Jeffery Piccinelli
        
	

        	
          Name:
        	
          Jeffery K. Piccinelli
        
	

        	
          Title:
        	
          Senior Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          MORGAN STANLEY BANK, N.A., as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Michael King
        
	

        	
          Name:
        	
          Michael King
        
	

        	
          Title:
        	
          Authorized Signatory
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          CITIZENS BANK, N.A., as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          
            /s/ Dan Agnew
          

        
	

        	
          Name:
        	
          Dan Agnew
        
	

        	
          Title:
        	
          SVP
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          U.S. BANK NATIONAL ASSOCIATION, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Jeff Benedix
        
	

        	
          Name:
        	
          Jeff Benedix
        
	

        	
          Title:
        	
          Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          BANK OF THE WEST, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Jason Antrim
        
	

        	
          Name:
        	
          Jason Antrim
        
	

        	
          Title:
        	
          Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          
            FIRST TENNESSEE BANK NATIONAL ASSOCIATION,
as a Consenting
            Lender
          

        
	
           
        
	

        	
          By:
        	
          /s/ Joseph M. Evangelisti
        
	

        	
          Name:
        	
          Joseph M. Evangelisti
        
	

        	
          Title:
        	
          Executive Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          CADENCE BANK, N.A., as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Charles M. Joye III
        
	

        	
          Name:
        	
          Charles M. Joye III
        
	

        	
          Title:
        	
          Senior Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          CRÉDIT INDUSTRIEL ET COMMERCIAL, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Clifford Abramsky
        
	

        	
          Name:
        	
          Clifford Abramsky
        
	

        	
          Title:
        	
          Managing Director
        
	
           
        
	

        	
          By:
        	
          /s/ Garry Weiss
        
	

        	
          Name:
        	
          Garry Weiss
        
	

        	
          Title:
        	
          Managing Director
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          CITY NATIONAL BANK, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Diane Morgan
        
	

        	
          Name:
        	
          Diane Morgan
        
	

        	
          Title:
        	
          Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          PNC BANK, NATIONAL ASSOCIATION, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Matthew D. Meister
        
	

        	
          Name:
        	
          Matthew D. Meister
        
	

        	
          Title:
        	
          Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          REGIONS BANK, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Jake Nash
        
	

        	
          Name:
        	
          Jake Nash
        
	

        	
          Title:
        	
          Managing Director
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          MANUFACTURERS BANK, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Sandy Lee
        
	

        	
          Name:
        	
          Sandy Lee
        
	

        	
          Title:
        	
          Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          MUFG UNION BANK, N.A., as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Michael Bell
        
	

        	
          Name:
        	
          Michael Bell
        
	

        	
          Title:
        	
          Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          BRANCH BANKING AND TRUST COMPANY, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ M. Scott Donaldson
        
	

        	
          Name:
        	
          M. Scott Donaldson
        
	

        	
          Title:
        	
          Senior Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    	
           
        	
          WEBSTER BANK, NATIONAL ASSOCIATION, as a Consenting Lender
        
	
           
        
	

        	
          By:
        	
          /s/ Robert E. Meditz
        
	

        	
          Name:
        	
          Robert E. Meditz
        
	

        	
          Title:
        	
          Vice President
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      SCHEDULE I
    

    

    

    
      Part A:             INCREASING
      TERM LOAN COMMITMENTS
    

    	
          LENDER
        	
          PRINCIPAL 

          
            AMOUNT
          

        
	
          Wells Fargo Bank, National Association
        	
          $12,771,306.81
        
	
          Bank of America, N.A.
        	
          $5,944,602.27
        
	
          Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. “Rabobank
          Nederland” New York Branch
        	
          $14,669,744.32
        
	
          Fifth Third Bank
        	
          $3,760,653.41
        
	
          Citizens Bank, N.A.
        	
          $5,752,840.91
        
	
          Regions Bank
        	
          $8,373,579.55
        
	
          MUFG Union Bank, N.A.
        	
          $20,454,545.45
        
	
          U.S. Bank National Association
        	
          $8,373,579.55
        
	
          Bank of the West
        	
          $6,127,840.91
        
	
          Compass Bank
        	
           
        
	
          PNC Bank, National Association
        	
          $3,547,585.23
        
	
          First Tennessee Bank, National Association
        	
          $2,183,948.86
        
	
          Branch Banking and Trust Company
        	
          $9,545,454.55
        
	
          City National Bank
        	
          $2,812,500.00
        
	
          Cadence Bank, N.A.
        	
           
        
	
          Crédit Industriel Et Commercial
        	
           
        
	
          Morgan Stanley Bank, N.A.
        	
          $2,727,272.73
        
	
          Webster Bank, National Association
        	
          $5,454,545.45
        
	
          Manufacturer's Bank
        	
           
        
	
          Total
        	
          $112,500,000.00
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      Part B:             INCREASING
      REVOLVING CREDIT COMMITMENTS
    

    	
          LENDER
        	
          PRINCIPAL

          
            AMOUNT
          

        
	
          Wells Fargo Bank, National Association
        	
          $34,056,818.19
        
	
          Bank of America, N.A.
        	
          $15,852,272.73
        
	
          Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. “Rabobank
          Nederland” New York Branch
        	
          $39,119,318.18
        
	
          Fifth Third Bank
        	
          $10,028,409.09
        
	
          Citizens Bank, N.A.
        	
          $15,340,909.09
        
	
          Regions Bank
        	
          $22,329,545.45
        
	
          MUFG Union Bank, N.A.
        	
          $54,545,454.55
        
	
          U.S. Bank National Association
        	
          $22,329,545.45
        
	
          Bank of the West
        	
          $16,340,909.09
        
	
          Compass Bank
        	
           
        
	
          PNC Bank, National Association
        	
          $9,460,227.27
        
	
          First Tennessee Bank, National Association
        	
          $5,823,863.64
        
	
          Branch Banking and Trust Company
        	
          $25,454,545.45
        
	
          City National Bank
        	
          $7,500,000.00
        
	
          Cadence Bank, N.A.
        	
           
        
	
          Crédit Industriel Et Commercial
        	
           
        
	
          Morgan Stanley Bank, N.A.
        	
          $7,272,727.27
        
	
          Webster Bank, National Association
        	
          $14,545,454.55
        
	
          Manufacturer's Bank
        	
           
        
	
          Total
        	
          $300,000,000.00
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      SCHEDULE II
    

    

    

    	
          
            Part A:
          

        	
          
            OUTSTANDING TERM LOAN AMOUNTS (AFTER GIVING EFFECT TO THE
            SECOND ADVANCE ON THE EFFECTIVE DATE OF THE WAIVER, JOINDER AND
            SECOND AMENDMENT)
          

        

    

    

    

    	
          LENDER
        	
          PRINCIPAL

          
            AMOUNT
          

        
	
          Wells Fargo Bank, National Association
        	
          $39,724,431.81
        
	
          Bank of America, N.A.
        	
          $32,897,727.27
        
	
          Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. “Rabobank
          Nederland” New York Branch
        	
          $34,005,681.82
        
	
          Fifth Third Bank
        	
          $23,096,590.91
        
	
          Citizens Bank, N.A.
        	
          $22,159,090.91
        
	
          Regions Bank
        	
          $18,920,454.55
        
	
          MUFG Union Bank, N.A.
        	
          $20,454,545.45
        
	
          U.S. Bank National Association
        	
          $18,920,454.55
        
	
          Bank of the West
        	
          $13,159,090.91
        
	
          Compass Bank
        	
          $11,718,750.00
        
	
          PNC Bank, National Association
        	
          $11,164,772.73
        
	
          First Tennessee Bank, National Association
        	
          $9,801,136.36
        
	
          Branch Banking and Trust Company
        	
          $9,545,454.55
        
	
          City National Bank
        	
          $7,500,000.00
        
	
          Cadence Bank, N.A.
        	
          $7,031,250.00
        
	
          Crédit Industriel Et Commercial
        	
          $7,031,250.00
        
	
          Morgan Stanley Bank, N.A.
        	
          $2,727,272.73
        
	
          Webster Bank, National Association
        	
          $5,454,545.45
        
	
          Manufacturer's Bank
        	
          $4,687,500.00
        
	
          Total
        	
          $300,000,000.00
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      SCHEDULE II
    

    

    

    	
          
            Part B:
          

        	
          
            TOTAL REVOLVING CREDIT COMMITMENTS (AFTER GIVING EFFECT TO THE
            INCREASE ON THE EFFECTIVE DATE OF THE WAIVER, JOINDER AND SECOND
            AMENDMENT)
          

        

    

    

    

    	
          LENDER
        	
          PRINCIPAL

          
            AMOUNT
          

        
	
          Wells Fargo Bank, National Association
        	
          $120,306,818.19
        
	
          Bank of America, N.A.
        	
          $102,102,272.73
        
	
          Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. “Rabobank
          Nederland” New York Branch
        	
          $100,994,318.18
        
	
          Fifth Third Bank
        	
          $71,903,409.09
        
	
          Citizens Bank, N.A.
        	
          $52,840,909.09
        
	
          Regions Bank
        	
          $56,079,545.45
        
	
          MUFG Union Bank, N.A.
        	
          $54,545,454.55
        
	
          U.S. Bank National Association
        	
          $56,079,545.45
        
	
          Bank of the West
        	
          $38,840,909.09
        
	
          Compass Bank
        	
          $37,500,000.00
        
	
          PNC Bank, National Association
        	
          $33,835,227.27
        
	
          First Tennessee Bank, National Association
        	
          $30,198,863.64
        
	
          Branch Banking and Trust Company
        	
          $25,454,545.45
        
	
          City National Bank
        	
          $22,500,000.00
        
	
          Cadence Bank, N.A.
        	
          $22,500,000.00
        
	
          Crédit Industriel Et Commercial
        	
          $22,500,000.00
        
	
          Morgan Stanley Bank, N.A.
        	
          $22,272,727.27
        
	
          Webster Bank, National Association
        	
          $14,545,454.55
        
	
          Manufacturer's Bank
        	
          $15,000,000.00
        
	
          Total
        	
          $900,000,000.00
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      ANNEX A
    

    
      Schedules to the Collateral Agreement
    

    
      [See attached]
    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      COLLATERAL AGREEMENT
SUPPLEMENTAL DISCLOSURE SCHEDULES
    

    

    

    	
          Schedule 3.6
        	
          Jurisdiction of Organization; Taxpayer Identification Number;
          Registered Organization Number; Chief Executive Office and Other
          Locations
        
	
           
        
	
          Schedule 3.7
        	
          Pledged Stock and Partnership/LLC Interests
        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      SCHEDULE 3.6 — JURISDICTION OF ORGANIZATION; TAXPAYER IDENTIFICATION
      NUMBER:
REGISTERED ORGANIZATION NUMBER; CHIEF EXECUTIVE OFFICE
      AND
OTHER LOCATIONS
    

    

    

    	
          
            ZRC Operations Company, Inc., 
          

        	
          
             
          

        
	
          
            State of Organization:
          

        	
          
            Colorado
          

        
	
          
            Taxpayer Identification Number:
          

        	
          
            84-1480725
          

        
	
          
            Registered Organization Number:
          

        	
          
            19981194901
          

        
	
          
            Chief Executive Office:
          

        	
          
            9330 Balboa Avenue, San Diego, CA 92123
          

        
	
          
            Book and Records Locations:
          

        	
          
            9330 Balboa Avenue, San Diego, CA 92123
          

        
	
          
            Inventory/Equipment Locations:
          

        	
          
            CA, CO, CT, ID, IA, IL, IN, KY, MA, MD, ME, MI, MN,
MO, MT, ND,
            NE, NH, NJ, NY, PA, RI, SD, TN, VA, WA
          

        
	
          
            Trade/Fictitious Business Names:
          

        	
          
            Qdoba Mexican Grill
ZTeca Mexican Grill
          

        

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      SCHEDULE 3.7 — PLEDGE STOCK AND PARTNERSHIP / LLC INTERESTS
    

    

    

    
      Certified Securities:
    

    
      ZRC Operations Company, Inc.:
    

    
      None
    

    
      

    

    
      Partnership/LLC Interests:
    

    
      ZRC Operations Company, Inc.:
    

    	
          Name of Issuer
(including identification
of type of entity)
        	
          Type of Ownership
Interest
        	
          Certificate Number
(if any)
        	
          Percentage of
Ownership Interests
of such Type
        
	
          QRC of Kansas, LLC
        	
          Membership Interests
        	
          Uncertificated
        	
          100%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}]]