Document:

Exhibit 10.2

 

EXECUTION COPY

 

FIRST AMENDMENT TO FINANCING AGREEMENT

 

FIRST AMENDMENT, dated
as of January 2, 2014 (this “First Amendment”), to the Financing Agreement, dated as of December 11, 2012 (as
amended, restated, supplemented, modified or otherwise changed from time to time, the “Financing Agreement”),
by and among OTG Consolidated Holdings, Inc., a Pennsylvania corporation (the “Parent”), OTG Management, Inc.,
a Pennsylvania corporation (“OTG”, and together with Parent, the “Parent Guarantors”), OTG Management,
LLC, a Delaware limited liability company (the “Borrower”), each Subsidiary of the Parent and the Borrower listed
as a “Subsidiary Guarantor” on the signature pages thereto or which becomes a Subsidiary Guarantor (as defined in the
Financing Agreement) pursuant thereto (each a “Subsidiary Guarantor” and, collectively, the “Subsidiary
Guarantors”, and together with the Parent Guarantors, the “Guarantors”), the lenders from time to time
party thereto (each a “Lender” and, collectively, the “Lenders”), Highbridge Principal Strategies,
LLC (“Highbridge”), as administrative agent for the Lenders (in such capacity, together with its successors and
assigns in such capacity, the “Administrative Agent”), Highbridge as collateral agent for the Lenders (in such
capacity, together with its successors and assigns in such capacity, the “Collateral Agent” and together with
the Administrative Agent, each an “Agent” and, collectively, the “Agents”).

 

WHEREAS, the Loan Parties,
the Agents and the Lenders wish to amend certain terms and provisions of the Financing Agreement as hereafter set forth.

 

NOW THEREFORE, in consideration
of the premises and other good and valuable consideration, the parties hereto hereby agree as follows:

 

1.           Defined
Terms. Any capitalized term used herein and not defined shall have the meaning assigned to it in the Financing
Agreement.

 

2.           Amendments.

 

(a)          Recitals.
The recitals of the Financing Agreement are hereby amended by replacing the amount “$90,000,000” where it appears
in clause (b) thereof with “$200,000,000”.

 

(b)          New
Definitions. Section 1.01 of the Financing Agreement is hereby amended by adding the following definitions, in
appropriate alphabetical order:

 

“ “Additional Delayed Draw Term Loan Commitment” means, with respect to each Lender, the commitment of such
Lender to make Delayed Draw Term Loans to the Borrower on and after the First Amendment Effective Date in the amount set
forth in Schedule 1.01(A) hereto, as such amount may be terminated or reduced from time to time in accordance with the terms
of this Agreement.”

 

“ “Approved
Joint Ventures” means (a) the 2-unit joint venture at JFK Terminal 2 where the JV Partner is a 30% partner in the JV
Entity and the applicable Loan Party is a 70% partner in the JV Entity, (b) the 2-unit joint venture at Philadelphia Terminal F
where the JV Partner is a 10% partner in the JV Entity and the applicable Loan Party is a 90% partner in the JV Entity, and (c)
the multiple-unit joint venture at Reagan Terminal A where the JV Partner is a 35% partner in the JV Entity and the applicable
Loan Party is a 65% partner in the JV Entity.”

 

    	 

    	 

    

 

“ “Credit
Card Acknowledgments” means, with respect to the Loan Parties, individually and collectively, the agreements by Credit
Card Issuers or Credit Card Processors who are parties to Credit Card Agreements in favor of the Collateral Agent acknowledging
the Collateral Agent’s first priority lien on and security interest in the monies due and to become due to the Loan Parties (including
credits and reserves) under the Credit Card Agreements of such Loan Parties, and agreeing to transfer all such amounts to a Cash
Management Account subject to a Cash Management Agreement, as the same now exist or may hereafter be amended, modified, supplemented,
extended, renewed, restated or replaced.”

 

“ “Credit
Card Agreements” means, with respect to the Loan Parties, all agreements (other than Credit Card Acknowledgments) now
or hereafter entered into by any Loan Party with any Credit Card Issuer or any Credit Card Processor, as the same now exist or
may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, including, but not limited to, the agreements
set forth on Schedule 6.01(rr).”

 

“ “Credit
Card Issuer” means any Person (other than any Loan Party) who issues or whose members issue credit or debit cards, including,
MasterCard or VISA bank credit or debit cards or other bank credit or debit cards issued through MasterCard International, Inc.,
VISA, U.S.A., Inc. or Visa International and American Express, Discover, Diners Club, Carte Blanche and other non-bank credit
or debit cards, including, credit or debit cards issued by or through American Express Travel Related Services Company, Inc. and
Novus Services, Inc.”

 

“ “Credit
Card Processor” means, with respect to each Loan Party, any servicing or processing agent or any factor or financial
intermediary who facilitates, services, processes or manages the credit authorization, billing transfer and/or payment procedures
with respect to any of such Loan Party’s sales transactions involving credit card or debit card purchases by customers using credit
cards or debit cards issued by any Credit Card Issuer.

 

“ “Engineering
Consultant” means a third party engineering consultant, if any, retained by the Agents to monitor the Permitted Projects
and the incurrence of the Specified Expenditures and to perform such other functions related thereto as may be requested by the
Agents.”

 

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“ “Existing
Delayed Draw Term Loan Indebtedness” has the meaning specified therefor in Section 2.01(a)(iv).”

 

“ “First
Amendment” means the First Amendment to this Agreement, dated as of January 2, 2014, among, inter alios, the Borrower,
the Agents and the Lenders.”

 

“ “First
Amendment Effective Date” means the date on which the First Amendment shall become effective in accordance with its terms.”

 

“ “Initial
Delayed Draw Term Loan Commitment” means, with respect to each Lender, the commitment of such Lender to make Delayed
Draw Term Loans to the Borrower on and after the Effective Date in the amount set forth opposite such Lender’s name in Schedule
1.01(A) hereto, as such amount may be terminated or reduced from time to time in accordance with the terms of this Agreement.”

 

“ “JV
Partner” has the meaning specified therefor in Section 7.02(e)(v).”

 

“ “LaGuardia-C
Approved Budget” means a written budget in form and substance satisfactory to the Agents describing in reasonable detail
the expenditures to be made in connection with the LaGuardia-C Project.”

 

“ “LaGuardia-C
Project” means the project at Terminal C at LaGuardia Airport.”

 

“ “Newark
Approved Budget” means a written budget in form and substance satisfactory to the Agents describing in reasonable detail
the expenditures to be made in connection with the Newark Project.”

 

“ “Newark
Project” means the project at the Newark Liberty International Airport.”

 

“
‘Permitted Chef Expenses” means any costs and expenses incurred under a restaurant concept development
agreement entered into in connection with business development in an amount not to exceed (i) $2,510,000 in respect of the
Newark Project during the term of this Agreement, (ii) $1,150,000 in respect of the Reagan-A Project during the term of this
Agreement, (iii) $550,000 in respect of the Philadelphia-B Project during the term of this Agreement, and (iv) $75,000
individually or $250,000 in the aggregate on a consolidated basis for the Loan Parties and their Subsidiaries during any 4
consecutive fiscal quarters in respect of all Permitted Projects in the aggregate (other than those identified in clauses (i)
through (iii) above).”

 

“ “Philadelphia-B
Approved Budget” means a written budget in form and substance satisfactory to the Agents describing in reasonable detail
the expenditures to be made in connection with the Philadelphia-B Project.”

 

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“ “Philadelphia-B
Project” means the project at Terminal B at the Philadelphia International Airport.”

 

“ “Reagan-A
Approved Budget” means a written budget in form and substance satisfactory to the Agents describing in reasonable detail
the expenditures to be made in connection with the Reagan-A Project.”

 

“ “Reagan-A
Project” means the project at Terminal A at Ronald Reagan National Airport.”

 

“ “Salvatore
Equityholders” means John Salvatore and each of his Family Members and Family Trusts.”

 

“ “Specified
Expenditures” means the expenditures made by any Loan Party or any of its Subsidiaries in connection with a Permitted
Project to the extent that such expenditures consist of, or relate to, constructions costs, business development costs, start-up
and pre-opening costs, refurbishment expenses, buyout expenses or other line items included in the applicable approved budget(s)
for any Permitted Project.”

 

“ “Total
Additional Delayed Draw Term Loan Commitment” means the sum of the amounts of the Lenders’ Additional Delayed Draw Term
Loan Commitments.”

 

(c)          Existing
Definitions.

 

(i)           The
definition of “Consolidated EBITDA” in Section 1.01 of the Financing Agreement is hereby amended by (A) amending and
restating subclause (a)(vi) thereof in its entirety to read as follows:

 

“(vi) extraordinary business
development expenses incurred by the Parent or any of its Subsidiaries or any JV Entity, in each case, to the extent acceptable
to the Agents in their sole discretion exercised reasonably; provided that in no event shall (A) the aggregate amount of
such expenses exceed $1,500,000 in any twelve month period commencing with the twelve month period ending December 31, 2014 (other
than Permitted Chef Expenses), or (B) such expenses include payments to any Person that is employed on a full time basis by OTG,
the Parent or any of their Subsidiaries,”,

 

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(B) deleting “and” at the end
of subclause (a)(vii) thereof, (C) inserting the following subclause (ix) after subclause (a)(viii) thereof:

 

“(ix) solely for purposes
of Consolidated EBITDA as used in Section 5.03(f) and Section 7.03 (including the defined terms used therein), and not for any
other purpose, $10,000,000 until the earlier to occur of (A) the first date on which Consolidated EBITDA solely attributable to
the Newark Project for the twelve-month period ending immediately prior to such date (without giving effect to any add back to
Consolidated Net Income permitted by this clause (ix)) exceeds $10,000,000 and (B) December 31, 2014,”,

 

and (D) inserting the following to the
end thereof:

 

It is understood and agreed that
in no event shall any costs or expenses in connection with management or consulting or similar agreements (including, without limitation,
any restaurant concept development agreement entered into in connection with business development) be added back to the computation
of Consolidated EBITDA of OTG and the Parent and its Subsidiaries pursuant to clauses (vi) and (ix) of the definition of “Consolidated
EBITDA” or otherwise (other than Permitted Chef Expenses to the extent permitted to be included in the calculation of clause
(vi) above).”.

 

(ii)         The
definition of “Applicable Prepayment Premium” in Section 1.01 of the Financing Agreement is hereby amended and restated
in its entirety to read as follows:

 

“ “Applicable
Prepayment Premium” means, as of any date of determination, solely with respect to any payment of any Delayed Draw Term
Loan or the Term Loan (other than any payment made pursuant to Section 2.05(c)(i)), an amount equal to: (i) during the period from
and after the First Amendment Effective Date up to and including the date that is the first anniversary of the First Amendment
Effective Date, the Make-Whole Premium; (ii) during the period after the date that is the first anniversary of the First Amendment
Effective Date up to and including the date that is the second anniversary of the First Amendment Effective Date, 1.0% times
the outstanding principal balance of the Loans being repaid, and (iii) during any period after the date that is the second
anniversary of the First Amendment Effective Date, 0.0%.”

 

(iii)        The
definition of “Delayed Draw Term Loan Commitment” in Section 1.01 of the Financing Agreement is hereby amended and
restated in its entirety to read as follows:

 

“ “Delayed
Draw Term Loan Commitment” means an Initial Delayed Draw Term Loan Commitment and/or an Additional Delayed Draw Term
Loan Commitment.”

 

(iv)         The
definition of “Fee Letter” in Section 1.01 of the Financing Agreement is hereby amended and restated in its entirety
to read as follows:

 

“Fee
Letter” means the Amended and Restated Fee Letter, dated as of January 2, 2014, by and between the Borrower and the Collateral
Agent.

 

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(v)          The
definition of “JV Entity” in Section 1.01 of the Financing Agreement is hereby amended and restated to read in its
entirety as follows:

 

“ “JV
Entity” means (i) each Person identified on Schedule 1.01(B) and (ii) any other Person (A) whose Capital Stock is owned by
a Loan Party and another Person approved in writing by the Agents, (B) that is a party to a Concession Agreement and (C) that is
approved in writing by the Agents.”

 

(vi)         The
definition of “Permitted Indebtedness” in Section 1.01 of the Financing Agreement is hereby amended by amending clause
(g) thereof to replace the amount “$100,000,000” where it appears therein with “$160,000,000”.

 

(vii)        The
definition of “Permitted Project” in Section 1.01 of the Financing Agreement is hereby amended and restated in its
entirety to read as follows:

 

“ “Permitted
Project” means a new project at an airport terminal listed on Schedule 1.01(E) hereto; provided that if,
after December 31, 2015, (i) the Newark Project, the Philadelphia-B Project and the Reagan – A Project are
substantially complete (as determined by the Agents in their sole discretion), (ii) the Borrower has provided to the Agents
evidence (in form and substance satisfactory to the Agents) that the Borrower has funds on-hand to pay all costs necessary to
complete the Newark Project, the Philadelphia-B Project and the Reagan–A Project, (iii) the Loan Parties are in
compliance with the covenant in Section 7.02(z), (iv) the principal amount of the Loans drawn under this Agreement and
Mezzanine Notes issued under the Mezzanine Note Purchase Agreement in respect of each of the Newark Project, the
Philadelphia-B Project and the Reagan–A Project is less than or equal to the amounts specified for each such Permitted
Project on Schedule 1.01(E), and (v) no Default or Event of Default has occurred and is continuing, the term “Permitted
Project” will also include other new airport terminal projects; provided that (1) (x) any project with an initial
budget expenditure in excess of $35,000,000 for any one airport terminal (as opposed to the airport as a whole), and (y)
projects in airports that have less than 7 million annual enplanements shall only be a Permitted Project to the extent
approved by the Agents in their sole discretion, and (2) the amount permitted to be expended on such additional Permitted
Projects shall not exceed the difference between the amounts permitted to be expended in respect of the Newark Project, the
Philadelphia-B Project and the Reagan–A Project and the amounts actually expended in respect of the Newark Project, the
Philadelphia-B Project and the Reagan–A Project; provided further that, following the completion (or
abandonment, as the case may be) of the Newark Project, the Philadelphia-B Project and the Reagan–A Project and without
the requirements in subclauses (1) or (2) of the immediately preceding proviso above, “Permitted Project” shall
include any new project at an airport terminal for an aggregate cost of up to $50,000,000, solely to the extent such amount
is funded out of the Net Cash Proceeds of a sale of common Capital Stock in the Borrower or an equity contribution to the
Borrower (where such Net Cash Proceeds have not been used for any other purpose) and is used by the Borrower to pay all costs
necessary to complete such additional project.”

 

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(viii)      The
definition of “Total Delayed Draw Term Loan Commitment” in Section 1.01 of the Financing Agreement is hereby amended
and restated in its entirety to read as follows:

 

“ “Total
Delayed Draw Term Loan Commitment” means the sum of (a) the amount of the Lenders’ Initial Delayed Draw Term Loan Commitments
and (b) the amount of the Lenders’ Additional Delayed Draw Term Loan Commitments.”

 

(d)          Section
2.01(a) (Commitments). Section 2.01(a) of the Financing Agreement is hereby amended by (i) deleting “and”
at the end of clause (ii) thereof, (ii) replacing the period at the end of clause (iii) thereof with “; and”
and (iii) inserting the following clause (iv) after clause (iii) thereof:

 

“(iv)
          notwithstanding anything to the contrary contained in this Section
2.01(a), the Loan Parties hereby acknowledge, confirm and agree that (A) immediately prior to the First Amendment Effective Date,
the outstanding principal amount of the Delayed Draw Term Loans is equal to $28,300,000 (such Indebtedness being hereinafter referred
to as the “Existing Delayed Draw Term Loan Indebtedness”), (B) such Existing Delayed Draw Term Loan Indebtedness
shall not be repaid on the First Amendment Effective Date, but rather shall be re-evidenced by this Agreement as a portion of the
Delayed Draw Term Loan outstanding hereunder, (C) the additional Delayed Draw Term Loans made on and after the First Amendment
Effective Date shall be in an aggregate amount not to exceed the Total Additional Delayed Draw Term Loan Commitment, and (D) for
all purposes of this Agreement and the other Loan Documents, the sum of the Existing Delayed Draw Term Loan Indebtedness immediately
prior to the First Amendment Effective Date and any additional Delayed Draw Term Loans made on and after the First Amendment Effective
Date shall constitute the Delayed Draw Term Loans.”

 

(e)          Section
2.05(c)(iii) (Permitted Project). Section 2.05(c)(iii) of the Financing Agreement is hereby amended by adding the following language
to the end of clause (B) thereof:

 

“or a Permitted Project
to the extent expressly permitted pursuant to the terms of the final proviso of the definition of the term “Permitted Project”

 

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(f)           Section
5.02 (Conditions Precedent to Delayed Draw Term Loans). Section 5.02 of the Financing Agreement is hereby amended by (i)
deleting “and” at the end of clause (a) thereof, (ii) replacing the period at the end of clause (b) thereof with
“, and” and (iii) inserting the following clauses (c), (d), (e), (f) and (g) after clause (b) thereof:

 

“(c) to the extent that
any proceeds of any Delayed Draw Term Loan are to be used to fund any expenditures in connection with the LaGuardia-C Project,
the Agents and the Engineering Consultant shall have received a schedule showing the expenditures for the LaGuardia-C Approved
Budget that will be paid with such proceeds, which shall be in form and substance satisfactory to the Agents and the Engineering
Consultant, (d) to the extent that any proceeds of any Delayed Draw Term Loan are to be used to fund any expenditures in connection
with the Newark Project, the Agents and the Engineering Consultant shall have received a schedule showing the expenditures for
the Newark Approved Budget that will be paid with such proceeds, which shall be in form and substance satisfactory to the Agents
and the Engineering Consultant, (e) to the extent that any proceeds of any Delayed Draw Term Loan are to be used to fund any expenditures
in connection with the Philadelphia-B Project, the Agents and the Engineering Consultant shall have received a schedule showing
the expenditures for the Philadelphia-B Approved Budget that will be paid with such proceeds, which shall be in form and substance
satisfactory to the Agents and the Engineering Consultant, (f) to the extent that any proceeds of any Delayed Draw Term Loan are
to be used to fund any expenditures in connection with the Reagan-A Project, the Agents and the Engineering Consultant shall have
received a schedule showing the expenditures for the Reagan-A Approved Budget that will be paid with such proceeds, which shall
be in form and substance satisfactory to the Agents and the Engineering Consultant, and (g) following the borrowing of Delayed
Draw Term Loans in an aggregate principal amount of $42,000,000 on and after the First Amendment Effective Date, (i) no further
Delayed Draw Term Loans shall be made until $28,000,000 of principal amount of Mezzanine Notes are issued under the Mezzanine Note
Purchase Agreement, and (ii) thereafter, no Delayed Draw Term Loan shall be made unless simultaneously therewith, Mezzanine Notes
are issued under the Mezzanine Note Purchase Agreement to the extent necessary such that the principal amount of Delayed Draw Term
Loans borrowed since the First Amendment Effective Date does not exceed 60% of the sum of the aggregate principal amount of Delayed
Draw Term Loans borrowed and Mezzanine Notes issued after the First Amendment Effective Date.”

 

(g)           Section
6.01(1) (Nature of Business). Section 6.01(1) of the Financing Agreement is hereby amended and restated in its entirety to
read as follows:

 

“(1)
          Nature of Business. No Loan Party is engaged in any lines of
business other than (i) the operation of (A) concession concepts for food and beverage services and (B) retail concepts at airports
located in the United States or Canada, concept development and licensing related thereto, and businesses reasonably related thereto
and (ii) the licensing of iPad or other computer or tablet software to third parties.”

 

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(h)           Section
6.01(t) (Use of Proceeds). Section 6.0l(t) of the Financing Agreement is hereby amended by amending and restating subclause
(a)(iii) thereof in its entirety to read as follows:

 

“The proceeds of the Delayed
Draw Term Loans will be used to (a) finance the Permitted Projects at airports, including, without limitation, start-up and preopening
costs (including security deposits), (b) in connection with projects at airports described in clause (a), collateralize letter
of credit obligations, if necessary, (c) repurchase the Borrower Warrants held by Octavian in an aggregate amount not to exceed
$4,500,000 and the Borrower Warrants held by Ares in an aggregate amount not to exceed $6,000,000 (to the extent permitted hereunder),
and (d) pay a one-time distribution on the First Amendment Effective Date to OTG to permit OTG to pay a distribution to Eric Blatstein,
in the amount of $1,000,000; provided that, (x) with respect to any such proceeds that are to be used to fund expenditures
in connection with the LaGuardia-C Project, the Newark Project, the Philadelphia-B Project or the Reagan-A Project, such expenditures
shall be made in accordance with the LaGuardia-C Approved Budget, the Newark Approved Budget, the Philadelphia-B Approved Budget
or the Reagan-A Approved Budget, as applicable (and shall be verified by the Engineering Consultant), as the same may be updated,
modified or supplemented from time to time pursuant to any update, modification or supplement delivered in writing to, and approved
by, the Agents and (y) with respect to any such proceeds that are to be used to fund expenditures in connection with any Permitted
Project, such expenditures shall not cause the aggregate amount of Specified Expenditures made by the Loan Parties and their Subsidiaries
in respect of such Permitted Project to exceed by any amount the applicable dollar limit listed on Schedule 1.01(E) under the column
“Specified Expenditures Limit” (or, in the case of any Permitted Project other than Minneapolis-Saint Paul International
Airport and Toronto Pearson International Airport, by more than 5.0% of such limit) (in each case, as determined on a project by
project basis);”

 

(i)           Section
6.01 (Representations and Warranties). Section 6.01 of the Financing Agreement is hereby amended by inserting the following
clause (rr) after clause (qq) thereof:

 

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“(rr) Credit Card Agreements.
Set forth in Schedule 6.01(rr) is a correct and complete list of all of the Credit Card Agreements existing as of the First Amendment
Effective Date between and/or among any Loan Party, any of its Affiliates, the Credit Card Issuers, the Credit Card Processors
and any of their affiliates. The Credit Card Agreements constitute all of such agreements necessary for each Loan Party to operate
its business as presently conducted with respect to credit cards and debit cards. Each of the Credit Card Agreements constitutes
the legal, valid and binding obligations of such Loan Party, enforceable against such Loan Party in accordance with their respective
terms except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws of general
applicability affecting the enforcement of creditors’ rights. To the knowledge of each Loan Party, no default or event of default,
or act, condition or event which after notice or passage of time or both, would constitute a default or an event of default under
any of the Credit Card Agreements exists or has occurred and is continuing. Each Loan Party and, to each Loan Party’s knowledge,
the other parties thereto, have complied with all of the terms and conditions of the Credit Card Agreements to the extent necessary
for such Loan Party to be entitled to receive all payments thereunder. The Loan Parties have delivered, or caused to be delivered
to the Agents, true, correct and complete copies of all of the Credit Card Agreements.”

 

(j)          Section
7.01(a) (Reporting Requirements). Section 7.01(a) of the Financing Agreement is hereby amended by (i) deleting “and”
at the end of subclause (v)(A) thereof, (ii) replacing the semicolon at the end of subclause (v)(B) thereof with “, and”,
(iii) inserting the following subclauses (C) and (D) after subclause (v)(B) thereof:

 

“(C) setting forth the
Borrower’s cash flow forecast for the forthcoming 13-week period, and (D) setting forth an income statement and cash flow statement
for each terminal on a standalone basis.”,

 

and (iv) deleting “and” at
the end of subclause (xxiii) thereof, (v) renumbering subclause (xxiv) thereof as (xxx), and (vi) inserting the following subclauses
(xxiv), (xxv), (xxvi), (xxvii), (xxvii) and (xxiv) after clause (xxiii) thereof:

 

“(xxiv) as soon as available
and in any event within 30 days after the end of each month commencing with the first fiscal month ending after First Amendment
Effective Date, a status report on the progress of the LaGuardia-C Project, including a report setting forth the variances between
the actual expenditures made in connection with the LaGuardia-C Project and the expenditures set forth in the LaGuardia-C Approved
Budget and such other information as may be requested by the Engineering Consultant,

 

(xxv) as soon as available and
in any event within 30 days after the end of each month commencing with the first fiscal month ending after the First Amendment
Effective Date, a status report on the progress of the Newark Project, including a report setting forth the variances between the
actual expenditures made in connection with the Newark Project and the expenditures set forth in the Newark Approved Budget and
such other information as may be requested by the Engineering Consultant,

 

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(xxvi) as soon as available and
in any event within 30 days after the end of each month commencing with the first fiscal month ending after First Amendment Effective
Date, a status report on the progress of the Philadelphia-B Project, including a report setting forth the variances between the
actual expenditures made in connection with the Philadelphia-B Project and the expenditures set forth in the Philadelphia-B Approved
Budget and such other information as may be requested by the Engineering Consultant,

 

(xxvii) as soon as available
and in any event within 30 days after the end of each month commencing with the first fiscal month ending after First Amendment
Effective Date, a status report on the progress of the Reagan-A Project, including a report setting forth the variances between
the actual expenditures made in connection with the Reagan-A Project and the expenditures set forth in the Reagan-A Approved Budget
and such other information as may be requested by the Engineering Consultant,

 

(xxviii) as soon as available,
but in any event not later than 5 Business Days after receipt by any Loan Party, the monthly statements received by any Loan Party
from any Credit Card Issuers or Credit Card Processors, together with such additional information with respect thereto as shall
be reasonably sufficient to enable the Agents to monitor the transactions pursuant to the Credit Card Agreements,

 

(xxix) as soon as available and
in any event within 30 days after the end of each month, a report in form and substance satisfactory to the Agents and certified
by an Authorized Officer of the Borrower as being accurate and complete setting forth (A) the aggregate amount of Specified Expenditures
made with respect to each Permitted Project during such month, (B) as of the last day of such month, the aggregate amount of Specified
Expenditures made with respect to each Permitted Project and (C) with respect to each Permitted Project, as of the last day of
such month, the amount of the unused portion of the applicable dollar limitation set forth for such Permitted Project on Schedule
1.01(E), and”.

 

(k)           Section
7.01(b)(i) (Additional Guarantees and Collateral Security). Section 7.01(b)(i) of the Financing Agreement is hereby amended
by (i) deleting “and” at the end of subclause (C) thereof, (ii) renumbering clause (D) thereof as clause (E) and (iii)
inserting the following clause (D) after clause (C) thereof:

 

“(D) Credit Card Acknowledgements
with respect to any Credit Card Agreements of such Subsidiary, and”.

 

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(1)
          Section 7.01(k) (Further Assurances). Section 7.01 of the
Financing Agreement is hereby amended by inserting the following parenthetical immediately prior to the period at the end of
clause (iv) contained in the first sentence thereof:

 

“(including, without limitation, upon the occurrence of an Event of
Default, causing each Credit Card Issuer and Credit Card Processor to direct all payments (due to any Loan Party) of all
credit card charges submitted by any Loan Party to such Credit Card Issuer and Credit Card Processor to the Collection
Accounts)”.

 

(m)          Section
7.01 (Affirmative Covenants). Section 7.01 of the Financing Agreement is hereby amended by inserting the following clauses
(x), (y), (z) and (aa) after clause (w) thereof:

 

“(x)           Credit
Card Agreements. Each of the Loan Parties shall: (i) observe and perform all material terms, covenants, conditions and provisions
of the Credit Card Agreements to be observed and performed by it at the times set forth therein; (ii) not do, permit, suffer or
refrain from doing anything, as a result of which there could be a material default under or material breach of any of the terms
of any of the Credit Card Agreements; (iii) at all times maintain in full force and effect the Credit Card Agreements and not terminate,
cancel, surrender, or materially modify, amend, waive or release any of the Credit Card Agreements, or consent to or permit to
occur any of the foregoing; except, that, (A) any such Loan Party may terminate or cancel any of the Credit Card Agreements in
the ordinary course of the business of such Loan Party; provided that such Loan Party shall give the Agents not less than
15 days’ prior written notice of its intention to so terminate or cancel any of the Credit Card Agreements, and (B) any Loan Party
may modify or amend any of the Credit Card Agreement, so long as such modification or amendment does not give the Credit Card Issuer
or Credit Card Processor party thereto greater rights to setoff against amounts otherwise payable to such Loan Party or greater
rights to cease or suspend payments to such Loan Party; (iv) not enter into any new Credit Card Agreements with any new Credit
Card Issuer or Credit Card Processor unless (A) the Agents shall have received not less than 30 days’ prior written notice of the
intention of such Loan Party to enter into such agreement (together with such other information with respect thereto as the Agents
may request) and (B) such Loan Party delivers, or causes to be delivered to the Agents, a Credit Card Acknowledgment in favor of
the Collateral Agent; and (v) furnish to the Agents, promptly upon the request of any Agent, such information and evidence as any
Agent may reasonably require from time to time concerning the observance, performance and compliance by such Loan Party or the
other party or parties thereto with the terms, covenants or provisions of the Credit Card Agreements.

 

    	-12-

    	 

    

 

(y)           Control
Agreements. (A) Within 30 days of the First Amendment Effective Date (or such longer period as the Agents may agree), deliver
to the Agents control agreements in form and substance satisfactory to the Agents with respect to each of the deposit accounts
of each Loan Party maintained at Wells Fargo Bank, N.A., and TD Bank, N.A., (B) within 30 days of the first date on which the aggregate
amount of funds held in deposit accounts of the Loan Parties maintained with Signature Bank exceeds $25,000, deliver to the Agents
a control agreement in form and substance satisfactory to the Agents with respect to each of such deposit accounts and (C) within
30 days of the first date on which the aggregate amount of funds held in deposit accounts of the Loan Parties maintained with USB
Bank PLC exceeds $100,000 (or if at any time all funds on deposit in any such account are not transferred to a deposit account
of the Loan Parties that is subject to a control agreement in favor of the Collateral Agent within 5 Business Days of receipt thereof),
deliver to the Agents a control agreement in form and substance satisfactory to the Agents with respect to each of such deposit
accounts.

 

(z)           Credit
Card Acknowledgments. Within 30 days of the First Amendment Effective Date, use commercially reasonable efforts to deliver
to the Agents, in form and substance satisfactory to the Agents, Credit Card Acknowledgments with respect to each Credit Card Agreement
of each Loan Party, duly executed by each of the parties thereto and in form and substance satisfactory to the Agents.

 

(aa)          Engineering
Consultant. Provide, and cause each of its Subsidiaries and the JV Entities to provide, to the Engineering Consultant all information
reasonably requested by the Engineering Consultant that is related to the Permitted Projects and/or the Specified Expenditures.
The Borrower shall pay on demand all reasonable costs and expenses incurred by or on behalf of each Agent in connection with the
services performed by the Engineering Consultant under this Agreement.

 

(bb)          Post-Closing
Requirements.

 

(1)            Within
(A) one Business Day following the First Amendment Effective Date, deliver to the Agents, in form and substance satisfactory
to the Agents, evidence of the insurance required to be maintained hereunder, and (B) ten Business Days following the
First Amendment Effective Date, deliver to the Agents, in form and substance satisfactory to the Agents, endorsements
naming the Collateral Agent as loss payee and additional insured with respect to the insurance required to be maintained
hereunder;

 

(2) Within 30 days
following the First Amendment Effective Date, deliver to the Agents, in form and substance satisfactory to the Agents,
evidence that the security interest in favor of LaSalle Bank, NA recorded on April 17, 2006 at Reel/Frame 3334/0942 at
the U.S. Patent and Trademark Office against the mark JET ROCK BAR AND GRILL has been terminated and released of
record.

 

    	-13-

    	 

    

 

(3) Within 30 days
following the First Amendment Effective Date, deliver to the Agents, in form and substance satisfactory to the Agents,
evidence that the state tax lien filed on October 31, 2012 against OTG Management, Inc. at Warrant ID# E-022968438-W002-9 in
the amount of $53,955.60 has been paid in full and terminated of record.

 

(cc)           Updated
Budgets. Within 30 days after the end of each fiscal month of the Parent and its Subsidiaries, commencing with the first fiscal
month of the Parent and its Subsidiaries ending after the First Amendment Effective Date, the Borrower shall deliver to the Agents
and the Lenders updated versions of each of the LaGuardia-C Approved Budget, the Newark Approved Budget, the Philadelphia-B Approved
Budget and the Reagan-A Approved Budget, in each case, in form, substance and detail reasonably satisfactory to the Agents and
the Engineering Consultant, which, upon acceptance thereof, shall be deemed to be the LaGuardia-C Approved Budget, the Newark Approved
Budget, the Philadelphia-B Approved Budget and the Reagan-A Approved Budget, as applicable, for all purposes hereunder.”

 

(n)           Section
7.02(e) (Investments). Section 7.02(e) of the Financing Agreement is hereby amended by (i) amending and restating clause (i)
in its entirety to read as follows:

 

“(i) investments in (A)
JV Entities and Subsidiaries of the Loan Parties existing on the date hereof, as set forth on Schedule 6.0l(e) hereto and in the
amounts existing on the date hereof, and investments by a Loan Party in Permitted Projects permitted to be made therein, (B) newly
formed Subsidiaries or JV Entities (other than Approved Joint Ventures); provided that (x) at least 80% of the Equity Interests
of such Subsidiary or JV Entity are owned by a Loan Party and (y) such Subsidiary or JV Entity becomes a Loan Party promptly following
the formation thereof in accordance with the terms of Section 7.01(b), and (C) Approved Joint Ventures; provided that no
Loan Party makes any investments in (or otherwise transfers any funds or assets into) any Approved Joint Venture in excess of (1)
in the case of the 2-unit joint venture at JFK Terminal 2 described in clause (a) of the definition thereof, $620,944 (including
loans of $167,655 to JV Partners permitted pursuant to clause (v) below) (which funds have been expended prior to the First Amendment
Effective Date), (2) in the case of the 2-unit joint venture at Philadelphia Terminal F described in clause (b) of the definition
thereof, $6,685,000 (which funds have been expended prior to the First Amendment Effective Date), and (3) in the case of the multiple
unit joint venture at Reagan Terminal A described in clause (c) of the definition thereof, $14,500,000 (including loans of $4,567,500
to JV Partners permitted pursuant to clause (v) below).”

 

    	-14-

    	 

    

 

(ii) deleting “and” at the
end of clause (iii) thereof, (iii) replacing the period at the end of clause (iv) thereof with “; and” and (iv) inserting
the following clause (v) after clause (iv) thereof:

 

“(v)
loans by a Loan Party to holders of the Capital Stock of an Approved Joint Venture or any JV Entity that is a Loan Party (other
than any Loan Party) (each, a “JV Partner”); provided that (A) the amount of such loans does not exceed
the lesser of (1) the required capital investment of such JV Partner in the applicable JV Entity, and (2) the amount permitted
to be loaned by the Loan Party to the JV Partner under applicable law or regulation; (B) the amount of such loans reduces the amount
of expenditures permitted to be made with respect to such Permitted Project, (C) the proceeds of such loans are contributed to
the applicable JV Entity, (D) the Loan Party providing such loans shall be granted a perfected, first priority Lien on and security
interest in 100% of the Capital Stock of each JV Entity (other than Capital Stock held by any Loan Party) that receives the proceeds
of such loans and (E) no distributions shall be made by any JV Entity to any JV Partner until all loans made to such JV Partner
pursuant to this clause (v) shall have been paid in full (except to the extent necessary for a JV Partner to make required debt
service payments, if any, on amounts borrowed from third parties to fund any portion of the required capital investment of such
JV Partner not funded by a Loan Party, which amount shall not exceed 15% of the required capital investment of such JV Partner).”

 

(o)          Sections
7.02(h) (Restricted Payments). Section 7.02(h) of the Financing Agreement is hereby amended by (i) replacing the amount “$2,500,000”
where it appears in subclause (H) thereof with “$5,000,000”, (ii) amending and restating subclause (I) to read in its
entirety as follows:

 

“(I) the Parent, OTG and
the Borrower may purchase the Borrower Warrants held by (1) Ares for (x) cash consideration not to exceed $6,000,000 in the aggregate
from and after the First Amendment Effective Date, plus (y) proceeds of common Capital Stock or Permitted Preferred Stock issued
by the Parent, OTG or the Borrower specifically for such purpose and applied substantially contemporaneously to such purchase,
plus (z) additional consideration in the form of a Deferred Note; provided that both before and after giving effect to any such
proposed purchase (1) no Default or Event of Default shall have occurred and be continuing, and (2) the Loan Parties shall have
delivered an officer’s certificate, with supporting calculations in reasonable detail, demonstrating that the Loan Parties
are in compliance on a pro forma basis with the financial covenants contained in Section 7.03, as of the most recently-ended fiscal
quarter of the Loan Parties, and (2) Highbridge (and its Affiliates and Related Funds) for (x) proceeds of common Capital Stock
or Permitted Preferred Stock issued by the Parent, OTG or the Borrower specifically for such purpose and applied substantially
contemporaneously to such purchase, plus (y) additional consideration in the form of a Deferred Note (the purchases described in
clause (I) hereof, the “Specified Warrant Purchases”);”

 

    	-15-

    	 

    

 

and (iii) adding the following new subclause
(J) to read in its entirety as follows:

 

“(J)
so long as no Event of Default shall have occurred and be continuing or would result from the making of any such payment, the Borrower
may make advances against future dividends payable by the Parent to the Salvatore Equityholders in an aggregate amount not to exceed
$300,000 in any Fiscal Year.”.

 

(p)          Section
7.02(u) (Blatstein Compensation). Section 7.02(u) of the Financing Agreement is hereby amended and restated in its entirety
to read as follows:

 

“(u)          Blatstein
Compensation. Pay or accrue total compensation during any Fiscal Year to Eric J. Blatstein in an aggregate amount in excess
of the sum of (i) $2,000,000 (such amount, the “Base Amount”) per Fiscal Year; provided that, commencing with the Fiscal
Year beginning January 1, 2015, the Base Amount for any Fiscal Year shall be increased by $250,000 for every $5,000,000 by which
Consolidated EBITDA of OTG and the Parent and its Subsidiaries for the immediately prior Fiscal Year exceeds $35,000,000; provided
further that in no event shall the aggregate amount of compensation paid to Eric J. Blatstein pursuant to this clause (i) exceed
$5,000,000 in any Fiscal Year, (ii) $60,000 per Fiscal Year for expenses related to his office in New York, New York and (iii)
the deemed distributions made to Eric J. Blatstein permitted pursuant to Section 7.02(h).”.

 

(q)          Section
7.02(w) (Management and Consulting Agreements). Section 7.02(w) of the Financing Agreement is hereby amended by deleting the
proviso therein.

 

(r)           Section
7.02(z) (Specified Expenditures). Section 7.02 of the Financing Agreement is hereby amend by inserting the following clause
(z) after clause (y) thereof:

 

“(z)          Specified
Expenditures. Make or commit or agree to make, or permit any of its Subsidiaries to make or commit or agree to make, any Specified
Expenditures (i) that would cause the aggregate amount of all Specified Expenditures made by the Loan Parties and their Subsidiaries
in respect of each Permitted Project to exceed by any amount the applicable dollar limit listed on Schedule 1.01(E) under the column
“Specified Expenditures Limit” (or, in the case of any Permitted Project other than Minneapolis-Saint Paul International
Airport and Toronto Pearson International Airport, by more than 5.0% of such limit) (in each case, as determined on a project-by-project
basis) and (ii) with respect to the LaGuardia-C Project, the Newark Project, the Philadelphia-B Project or the Reagan-A Project,
(A) prior to delivering to the Agents and the Engineering Consultant a schedule showing the proposed expenditures for the LaGuardia-C
Approved Budget, the Newark Approved Budget, the Philadelphia-B Approved Budget, or the Reagan-A Approved Budget, as applicable,
which shall be in form and substance satisfactory to the Agents and the Engineering Consultant, or (B) other than in accordance
with the LaGuardia-C Approved Budget, the Newark Approved Budget, the Philadelphia-B Approved Budget, or the Reagan-A Approved
Budget, as applicable (and shall be verified by the Engineering Consultant), as the same may be updated, modified or supplemented
from time to time pursuant to any update, modification or supplement delivered in writing to, and approved by, the Agents.”

 

    	-16-

    	 

    

 

(s)          Section
7.03(b) (Consolidated EBITDA). Section 7.03(b) of the Financing Agreement is hereby amended and restated in its entirety to
read as follows:

 

“(b)          Consolidated
EBITDA. Permit Consolidated EBITDA of OTG and the Parent and its Subsidiaries on a consolidated basis for any period of 4 consecutive
fiscal quarters of OTG and the Parent and its Subsidiaries for which the last fiscal quarter ends on a date set forth below to
be less than the amount set forth opposite such date:

 

	 	Consolidated
	Period
    Ending	EBITDA
	December
    31, 2013	$28,000,000
	March
    31, 2014	$28,000,000
	June
    30, 2014	$28,000,000
	September
    30, 2014	$28,000,000
	December
    31, 2014	$32,000,000
	March
    31, 2015	$32,000,000
	June
    30, 2015	$35,000,000
	September
    30, 2015	$35,000,000
	December
    31, 2015	$40,000,000
	March
    31, 2016	$40,000,000
	June
    30, 2016	$40,000,000
	September
    30, 2016	$40,000,000
	December
    31, 2016	$45,000,000
	March
    31, 2017	$45,000,000
	June
    30, 2017	$45,000,000

 

    	-17-

    	 

    

 

	Period
    Ending	Consolidated
    

    EBITDA
	September 30, 2017	$45,000,000
	December 31, 2017 and each fiscal quarter ended thereafter	$50,000,000

 

(t)          Section
7.03(c) (First Lien Leverage Ratio). Section 7.03(c) of the Financing Agreement is hereby amended and restated in its entirety
to read as follows:

 

(a)          First
Lien Leverage Ratio. Permit the ratio of First Lien Indebtedness to Consolidated EBITDA of OTG and the Parent and its Subsidiaries
on a consolidated basis as of the end of each period of four (4) consecutive fiscal quarters of OTG and the Parent and its Subsidiaries
(the “First Lien Leverage Ratio”) for which the last quarter ends on the last day of the fiscal quarter set
forth below to be greater than the applicable ratio set forth below:

 

	Fiscal Quarter End	First Lien 

Leverage Ratio
	 	 
	First Fiscal Quarter of 2013	4.25 : 1.00
	 	 
	Second Fiscal Quarter of 2013	4.25 : 1.00
	 	 
	Third Fiscal Quarter of 2013	4.25 : 1.00
	 	 
	Fourth Fiscal Quarter of 2013	4.25 : 1.00
	 	 
	First Fiscal Quarter of 2014	4.25 : 1.00
	 	 
	Second Fiscal Quarter of 2014	4.25 : 1.00
	 	 
	Third Fiscal Quarter of 2014	4.25 : 1.00
	 	 
	Fourth Fiscal Quarter of 2014	4.25 : 1.00
	 	 
	First Fiscal Quarter of 2015	4.25 : 1.00
	 	 
	Second Fiscal Quarter of 2015	4.25 : 1.00
	 	 
	Third Fiscal Quarter of 2015	4.25 : 1.00
	 	 
	Fourth Fiscal Quarter of 2015	4.25 : 1.00
	 	 
	First Fiscal Quarter of 2016	4.13 : 1.00
	 	 
	Second Fiscal Quarter of 2016	4.00 : 1.00
	 	 
	Third Fiscal Quarter of 2016	3.88 : 1.00
	 	 
	Fourth Fiscal Quarter of 2016	3.75 : 1.00
	 	 
	First Fiscal Quarter of 2017	3.63 : 1.00
	 	 
	Second Fiscal Quarter of 2017	3.50 : 1.00
	 	 
	Third Fiscal Quarter of 2017	3.38 : 1.00
	 	 
	Fourth Fiscal Quarter of 2017	3.25 : 1.00

 

    	-18-

    	 

    

 

(u)          Section
8.03 (Status of Accounts Receivable and Other Collateral). Section 8.03 of the Financing Agreement is hereby amended by (i)
deleting “and” at the end of clause (c) thereof, (ii) renumbering clause (d) thereof as clause (e) and (iii) inserting
the following clause (d) after clause (c) thereof:

 

“(d) such Loan Party will,
immediately upon learning thereof, report to the Agents, (i) any notice of a material default by any Loan Party under any of the
Credit Card Agreements or of any default which has a reasonable likelihood of resulting in the Credit Card Issuer or Credit Card
Processor ceasing to make payments or suspending payments to such Loan Party, (ii) any notice from any Credit Card Issuer or Credit
Card Processor that such Person is ceasing or suspending, or will cease or suspend, any present or future payments due or to become
due to such Loan Party from such person, or that such person is terminating or will terminate any of the Credit Card Agreements,
(iii) the failure of such Loan Party to comply with any material terms of the Credit Card Agreements or any terms thereof which
has a reasonable likelihood of resulting in the Credit Card Issuer or Credit Card Processor ceasing or suspending payments to such
Loan Party; and”.

 

(v)          Section
9.01(s) (Events of Default). Section 9.01(s) of the Financing Agreement is hereby amended by (i) deleting “or”
at the end of clause (w) thereof, (ii) inserting “or” at the end of clause (x) thereof and (iii) inserting the following
clause (y) after clause (x) thereof:

 

“(y)          any
Credit Card Issuer or Credit Card Processor withholds payment of amounts otherwise payable to any Loan Party to fund a reserve
account or otherwise hold as collateral, or shall require any Loan Party to pay funds into a reserve account or for such Credit
Card Issuer or Credit Card Processor to otherwise hold as collateral, or any Loan Party shall provide a letter of credit, guarantee,
indemnity or similar instrument to or in favor of such Credit Card Issuer or Credit Card Processor such that in the aggregate all
of such funds in the reserve account, other amounts held as collateral and the amount of such letters of credit, guarantees, indemnities
or similar instruments shall exceed $3,000,000;”.

 

    	-19-

    	 

    

 

(w)         Schedules
to Financing Agreement. The schedules to the Financing Agreement are hereby amended by deleting such schedules in their entirety
and replacing such schedules to read as set forth on Annex I attached hereto, such schedules shall be deemed to qualify
for all purposes the representations contained in such corresponding sections of the Financing Agreement.

 

3.            Conditions
to Effectiveness. The effectiveness of this First Amendment is subject to the fulfillment, in a manner satisfactory to the
Agents, of each of the following conditions precedent (the date such conditions are fulfilled or waived by the Agents is hereinafter
referred to as the “First Amendment Effective Date”):

 

(a)          Representations
and Warranties; No Event of Default. The following statements shall be true and correct: (i) the representations and warranties
contained in this First Amendment, ARTICLE VI of the Financing Agreement and in each other Loan Document, certificate or other
writing delivered to any Agent or any Lender pursuant hereto or thereto on or prior to the First Amendment Effective Date are true
and correct on and as of the First Amendment Effective Date as though made on and as of such date, except to the extent that any
such representation or warranty expressly relates solely to an earlier date (in which case such representation or warranty shall
be true and correct on and as of such earlier date) and (ii) no Default or Event of Default shall have occurred and be continuing
on the First Amendment Effective Date or would result from this First Amendment becoming effective in accordance with its terms.

 

(b)          Execution
of Amendment. The Agents and the Lenders shall have executed this First Amendment and shall have received a counterpart to
this First Amendment, duly executed by each Loan Party.

 

(c)          Payment
of Fees, Etc. The Borrower shall have paid on or before the First Amendment Effective Date all fees, costs and expenses then
payable by the Borrower pursuant to the Loan Documents, including, without limitation, Sections 2.06 and 12.04 of the Financing
Agreement.

 

(d)          Delivery
of Documents. The Collateral Agent shall have received on or before the First Amendment Effective Date the following, each
in form and substance reasonably satisfactory to the Collateral Agent and, unless indicated otherwise, dated the First Amendment
Effective Date:

 

(i)           a
reaffirmation of the Blatstein Pledge Agreement, duly executed by Eric J. Blatstein;

 

    	-20-

    	 

    

 

(ii)          a
reaffirmation of (A) the Subordination Agreement, dated December 11, 2012, made by Highland Investment Group and LGA Airport Restaurants,
L.P. in favor of the Collateral Agent and the Mezzanine Agent, (B) the Subordination Agreement, dated December 11, 2012, made by
Eric J. Blatstein in favor of the Collateral Agent and the Mezzanine Agent, (C) the Subordination Agreement, dated December 11,
2012, made by Highland Investment Group and Terminal One, L.P. in favor of the Collateral Agent and the Mezzanine Agent and (D)
the Subordination Agreement, dated December 11, 2012, made by John Salvatore and OTG Management JFK, LLC in favor of the Collateral
Agent and the Mezzanine Agent, in each case, duly executed by the parties thereto;

 

(iii)         a
copy of (A) the LaGuardia-C Approved Budget, (B) the Newark Approved Budget, (C) the Philadelphia-B Approved Budget and (D) the
Reagan-A Approved Budget, in each case, in form and substance satisfactory to the Agents;

 

(iv)         a
copy of the first amendment to the Borrower Securityholders Agreement, duly executed by the Borrower, each shareholder of the Borrower
and each holder of the Borrower Warrants and in form and substance satisfactory to the Collateral Agent;

 

(v)          to
the extent there is a borrowing on the First Amendment Effective Date, a flow of funds agreement, duly executed by each Loan Party
and each Secured Party;

 

(vi)         a
copy of the first amendment to the Intercreditor Agreement, duly executed by the Collateral Agent and the Mezzanine Agent, and
acknowledged by the Parent Guarantors and Eric J. Blatstein and in form and substance satisfactory to the Collateral Agent;

 

(vii)        a
copy of the Fee Letter, duly executed by the Borrower and the Collateral Agent;

 

(viii)       a
copy of the First Amendment to the Mezzanine Note Purchase Agreement, duly executed by each Loan Party, the Mezzanine Purchasers
and the Mezzanine Agent and in form and substance satisfactory to the Collateral Agent and evidence that all conditions precedent
to the effectiveness of such first amendment to the Mezzanine Note Purchase Agreement have been satisfied as of the First Amendment
Effective Date;

 

(ix)         lien
search results (including, without limitation, searches for any tax Lien and judgment Lien), listing all effective financing statements
which name as debtor any Credit Party, together with copies of such financing statements, none of which shall cover any of the
Collateral, except for Permitted Liens;

 

(x)          a
copy of the resolutions of each Loan Party, certified as of the First Amendment Effective Date by an Authorized Officer thereof,
authorizing (A) the additional borrowings and transactions contemplated hereby and (B) the execution, delivery and performance
by such Loan Party of this First Amendment, the performance of the Loan Documents as amended thereby, and the execution and delivery
of the other documents to be delivered by such Loan Party in connection herewith and therewith;

 

(xi)         a
certificate of an Authorized Officer of each Loan Party, certifying the names and true signatures of the representatives of such
Loan Party authorized to sign this First Amendment and the other documents to be executed and delivered by such Loan Party in connection
herewith and therewith, together with evidence of the incumbency of such authorized officers;

 

    	-21-

    	 

    

 

(xii)        a
certificate of the appropriate official(s) of the jurisdiction of organization and each state of foreign qualification of each
Loan Party (or other evidence reasonably satisfactory to Agents) certifying as of a recent date not more than 30 days prior to
the First Amendment Effective Date as to the subsistence in good standing of, and the payment of taxes due and payable by, such
Loan Party in such states;

 

(xiii)       a
true and complete copy of the charter, certificate of formation, certificate of limited partnership or other publicly filed organizational
document of each Loan Party certified as of a recent date not more than 30 days prior to the First Amendment Effective Date by
an appropriate official of the state of organization of such Loan Party which shall set forth the same complete name of such Loan
Party as is set forth herein and the organizational number of such Loan Party, if an organizational number is issued in such jurisdiction
(or, to the extent the charter, certificate of formation, certificate of limited partnership or other publicly filed organizational
document of such Loan Party has not been amended, modified or supplemented since the Effective Date, a certificate from an Authorized
Officer of such Loan Party certifying that such charter, certificate of formation, certificate of limited partnership or other
publicly filed organizational document of such Loan Party has not been amended, modified or supplemented since the Effective Date);

 

(xiv)       a
copy of the charter and by-laws, limited liability company agreement, operating agreement, agreement of limited partnership or
other organizational documents of each Loan Party, together with all amendments thereto, certified as of the First Amendment Effective
Date by an Authorized Officer of such Loan Party (or, to the extent the charter and by-laws, limited liability company agreement,
operating agreement, agreement of limited partnership or other organizational documents of such Loan Party have not been amended,
modified or supplemented since the Effective Date, a certificate from an Authorized Officer of such Loan Party certifying that
such charter and by-laws, limited liability company agreement, operating agreement, agreement of limited partnership or other organizational
documents have not been amended, modified or supplemented since the Effective Date);

 

(xv)        an
opinion of (A) in-house counsel to the Credit Parties, and (B) Weil, Gotshal & Manges LLP, counsel to the Loan Parties, in
each case, in form and substance satisfactory to the Collateral Agent and as to such matters as the Collateral Agent may reasonably
request;

 

(xvi)       a
certificate of an Authorized Officer of the Borrower, certifying as to the matters set forth in subsection (a) of this Section
3;

 

(xvii)      a
certificate of the chief financial officer of the Borrower (in substantially the form of the solvency certificate delivered on
the Effective Date), certifying as to the solvency of (A) the Borrower, and (B) the Loan Parties and their respective Subsidiaries,
on a consolidated basis, which certificate shall be satisfactory in form and substance to the Collateral Agent;

 

(xviii)     a
copy of each Credit Card Agreement;

 

    	-22-

    	 

    

 

(xix)       a
Notice of Security Interest – Trademarks, duly executed by OTG Experience, LLC; and

 

(xx)        such
other agreements, instruments, approvals, opinions and other documents, each satisfactory to the Agents in form and substance,
as any Agent may reasonably request.

 

(e)          Warrant
Repurchase. The Collateral Agent shall have received evidence that the Borrower Warrants held by Octavian have been (or concurrently
with the funding of the Loans on the First Amendment Effective Date, will be) repurchased by the Borrower pursuant to the Purchase
and Sale Agreement, dated as of December 23, 2013, by and among the Borrower and Octavian, on terms satisfactory to the Agents.

 

(f)           Legality.
The making of any Loans shall not contravene any law, rule or regulation applicable to any Agent or any Lender.

 

(g)          Notices.
The Administrative Agent shall have received a Notice of Borrowing pursuant to Section 2.02 of the Financing Agreement.

 

(h)          Proceedings;
Receipt of Documents. All proceedings in connection with the transactions contemplated by this First Amendment, the Financing
Agreement, as amended hereby, and the other Loan Documents, and all documents incidental hereto and thereto, shall be satisfactory
to the Agents and their counsel, and the Agents and such counsel shall have received all such information and such counterpart
originals or certified or other copies of such documents, in form and substance satisfactory to the Agents, as the Agents or such
counsel may reasonably request.

 

4.           Representations
and Warranties. Each Loan Party represents and warrants as follows:

 

(a)         
Organization, Good Standing, Etc. Each Loan Party (i) is a corporation, limited liability company or limited partnership duly
organized, validly existing and in good standing under the laws of the state or jurisdiction of its organization, (ii) has all
requisite power and authority to conduct its business as now conducted and as presently contemplated, and to execute and deliver
this First Amendment, and to consummate the transactions contemplated hereby and by the Financing Agreement, as amended hereby,
and (iii) is duly qualified to do business and is in good standing in each jurisdiction in which the character of the properties
owned or leased by it or in which the transaction of its business makes such qualification necessary, except (solely for the purposes
of this subclause (iii)) where the failure to be so qualified or in good standing could not reasonably be expected to result in
a Material Adverse Effect.

 

(b)          Authorization,
Etc. The execution, delivery and performance by each Loan Party of this First Amendment, and the performance of the Financing
Agreement, as amended hereby, (i) have been duly authorized by all necessary action, (ii) do not and will not contravene its charter
or by-laws, its limited liability company or operating agreement or its certificate of partnership or partnership agreement, as
applicable, or any applicable law or any material contractual restriction binding on or otherwise affecting it or any of its material
properties, and (iii) do not and will not result in any default, noncompliance, suspension, revocation, impairment, forfeiture
or nonrenewal of any permit, license, authorization or approval applicable to its operations or any of its material properties.

 

    	-23-

    	 

    

 

(c)          Governmental
Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is
required in connection with the due execution, delivery and performance of this First Amendment by the Loan Parties, and the performance
of the Financing Agreement, as amended hereby.

 

(d)          Enforceability
of the First Amendment. This First Amendment and the Financing Agreement, as amended hereby, when delivered hereunder, will
be a legal, valid and binding obligation of each Loan Party, enforceable against such Loan Party in accordance with the terms thereof,
except as may be limited by all applicable liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, and similar debtor relief laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors generally.

 

(e)          Status
of MSP and Toronto. As of the First Amendment Effective Date, at least 95% of (i) the work to be completed and (ii) expenditures
to be incurred by the Loan Parties or any of their Subsidiaries or any JV Entity, in each case, in connection with each of the
projects at the Minneapolis-Saint Paul International Airport and the Toronto Pearson International Airport has been, in the case
of clause (i), completed, and in the case of clause (ii), incurred pursuant to the terms of a binding agreement.

 

5.            Release.
Each Loan Party hereby acknowledges and agrees that: (a) neither it nor any of its Affiliates has any claim or cause of action
against any Agent or any Lender (or any of their respective Affiliates, officers, directors, employees, attorneys, consultants
or agents) and (b) each Agent and each Lender has heretofore properly performed and satisfied in a timely manner all of its obligations
to the Loan Parties and their Affiliates under the Financing Agreement and the other Loan Documents that are required to have been
performed on or prior to the date hereof. Notwithstanding the foregoing, the Agents and the Lenders wish (and the Loan Parties
agree) to eliminate any possibility that any past conditions, acts, omissions, events or circumstances would impair or otherwise
adversely affect any of the Agents’ and the Lenders’ rights, interests, security and/or remedies under the Financing
Agreement and the other Loan Documents. Accordingly, for and in consideration of the agreements contained in this First Amendment
and other good and valuable consideration, each Loan Party (for itself and its Affiliates and the successors, assigns, heirs and
representatives of each of the foregoing) (collectively, the “Releasors”) does hereby fully, finally, unconditionally
and irrevocably release and forever discharge each Agent, each Lender and each of their respective Affiliates, officers, directors,
employees, attorneys, consultants and agents (collectively, the “Released Parties”) from any and all debts,
claims, obligations, damages, costs, attorneys’ fees, suits, demands, liabilities, actions, proceedings and causes of action,
in each case, whether known or unknown, contingent or fixed, direct or indirect, and of whatever nature or description, and whether
in law or in equity, under contract, tort, statute or otherwise, which any Releasor has heretofore had or now or hereafter can,
shall or may have against any Released Party by reason of any act, omission or thing whatsoever done or omitted to be done on or
prior to the First Amendment Effective Date directly arising out of, connected with or related to this First Amendment, the Financing
Agreement or any other Loan Document, or any act, event or transaction related or attendant thereto, or the agreements of any Agent
or any Lender contained therein, or the possession, use, operation or control of any of the assets of any Loan Party, or the making
of any Loans or other advances, or the management of such Loans or advances or the Collateral.

 

    	-24-

    	 

    

 

		6.	Reaffirmation.

 

(a)          Borrower.
The Borrower hereby reaffirms its obligations under each Loan Document to which it is a party. The Borrower hereby further ratifies
and reaffirms the validity and enforceability of all of the Liens and security interests heretofore granted, pursuant to and in
connection with the Security Agreement or any other Loan Document to the Collateral Agent, on behalf and for the benefit of each
Agent and each Lender, as collateral security for the obligations under the Loan Documents in accordance with their respective
terms, and acknowledges that all of such Liens and security interests, and all collateral heretofore pledged as security for such
obligations, continues to be and remain collateral for such obligations from and after the date hereof.

 

(b)          Guarantors.
Each Guarantor hereby (i) consents to this First Amendment; (ii) acknowledges and reaffirms all obligations owing by it to the
Agents and Lenders under any Loan Document to which it is a party and represents and warrants that, after giving effect to this
First Amendment, all of its representations and warranties contained in the Loan Documents to which such Guarantor is a party are
true and correct on and as of the First Amendment Effective Date as though made on and as of such date, except to the extent that
any such representation or warranty expressly relates solely to an earlier date (in which case such representations and warranties
shall be true and correct on and as of such earlier date), (iii) agrees that each Loan Document to which it is a party is and shall
remain in full force and effect and shall not be impaired or otherwise affected by the execution of this First Amendment or any
other document or instrument delivered in connection herewith; and (iv) ratifies and reaffirms the validity and enforceability
of all of the Liens and security interests heretofore granted by it, pursuant to and in connection with the Security Agreement
and any other Loan Document to which such Guarantor is a party, to the Collateral Agent, on behalf and for the benefit of each
of the Lenders, as collateral security for the Secured Obligations of such Guarantor, and acknowledges that all of such Liens and
security interests, and all collateral heretofore pledged as security for such obligations, continues to be and remain collateral
for such obligations from and after the date hereof. Although each of the Guarantors have been informed of the matters set forth
herein and have acknowledged and agreed to same, each of the Guarantors understands that the Agents and the Lenders shall have
no obligation to inform the Guarantors of such matters in the future or to seek the Guarantors’ acknowledgement or agreement
to future amendments, waivers, or modifications, and nothing herein shall create such a duty.

 

(c)          Existing
Loans. The Borrower and the Guarantors hereby acknowledge and agree that (i) immediately prior to the First Amendment Effective
Date, the aggregate outstanding principal amount of (A) the Term Loan is $100,000,000, (B) the Delayed Draw Term Loans is $28,300,000
and (C) the Revolving Loans is $0 and (ii) that such amounts are payable pursuant to the Financing Agreement as amended hereby
without defense, offset, withholding, counterclaim, or deduction of any kind.

 

    	-25-

    	 

    

 

		7.	Miscellaneous.

 

(a)          Consents.
The Agents and the Lenders hereby consent to (i) the amendments set forth in the First Amendment to Mezzanine Note Purchase Agreement
referred to in Section 3(d)(vii) above and (ii) the repurchases of the Borrower Warrants set forth in the Purchase and Sale Agreement
referred to in Section 3(e) above.

 

(b)          Continued
Effectiveness of the Financing Agreement and the Other Loan Documents. Except as otherwise expressly provided herein, the Financing
Agreement and the other Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed
in all respects, except that on and after the First Amendment Effective Date (i) all references in the Financing Agreement to “this
Agreement”, “hereto”, “hereof”, “hereunder” or words of like import referring to the
Financing Agreement shall mean the Financing Agreement as amended by this First Amendment, and (ii) all references in the other
Loan Documents to the “Financing Agreement”, “thereto”, “thereof”, “thereunder”
or words of like import referring to the Financing Agreement shall mean the Financing Agreement as amended by this First Amendment.
Except as expressly provided herein, the execution, delivery and effectiveness of this First Amendment shall not operate as an
amendment of any right, power or remedy of the Agents and the Lenders under the Financing Agreement or any other Loan Document,
nor constitute an amendment of any provision of the Financing Agreement or any other Loan Document.

 

(c)          Counterparts.
This First Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each
of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement. Delivery
of an executed counterpart of this First Amendment by telefacsimile or electronic mail shall be equally as effective as delivery
of an original executed counterpart of this First Amendment.

 

(d)          Headings.
Section headings herein are included for convenience of reference only and shall not constitute a part of this First Amendment
for any other purpose.

 

(e)          Costs
and Expenses. The Borrower agrees to pay on demand all fees and reasonable out-of-pocket costs and expenses incurred by or
on behalf of the Agents and the Lenders in connection with the preparation, execution and delivery of this First Amendment.

 

(f)          First
Amendment as Loan Document. Each Loan Party hereby acknowledges and agrees that this First Amendment constitutes a “Loan
Document” under the Financing Agreement. Accordingly, it shall be an Event of Default under the Financing Agreement if (i)
any representation or warranty made by any Loan Party under or in connection with this First Amendment shall have been incorrect
in any material respect when made or deemed made or (ii) any Loan Party shall fail to perform or observe any term, covenant or
agreement contained in this First Amendment.

 

    	-26-

    	 

    

 

(g)          Severability.
Any provision of this First Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting
the validity or enforceability of such provision in any other jurisdiction.

 

(h)          Governing
Law. This First Amendment shall be governed by the laws of the State of New York.

 

(i)           Waiver of Jury
Trial. THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
BASED UPON OR ARISING OUT OF THIS FIRST AMENDMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT
CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS.

 

[Remainder of page intentionally left blank]

 

    	-27-

    	 

    

 

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

 

	 	BORROWER:
	 	 	 
	 	OTG MANAGEMENT, LLC
	 	 	 
	 	By:	 
	 	 	Name: Chris Redd
	 	 	Title:   General Counsel, Vice President and Secretary

 

	 	PARENT GUARANTORS:
	 	 	 
	 	OTG MANAGEMENT, INC.
	 	OTG CONSOLIDATED HOLDINGS, INC.
	 	 	 
	 	By:	 
	 	 	Name: Christopher J. Redd
	 	 	Title:   General Counsel, Vice President and Secretary

 

First Amendment to Financing

Agreement

 

    	 

    	 

    

 

	 	GUARANTORS:
	 	 
	 	OTG CONCEPTS FRANCHISING, LLC
	 	OTG MANAGEMENT JFK, LLC
	 	OTG JFK T5 VENTURE, LLC
	 	LAGUARDIA USA, LLC
	 	OTG MANAGEMENT YYZ, LLC
	 	OTG MANAGEMENT T8, LLC
	 	OTG MANAGEMENT TUCSON, LLC
	 	OTG MANAGEMENT BOS, LLC
	 	OTG MANAGEMENT DCA, LLC
	 	OTG MANAGEMENT MIDWEST, LLC
	 	OTG MANAGEMENT MCO, LLC
	 	OTG MANAGEMENT PHL, LLC
	 	OTG MANAGEMENT WEST, LLC
	 	OTG EXPERIENCE, LLC
	 	OTG MANAGEMENT EWR, LLC
	 	AIRBEV, LLC
	 	LGABEV, LLC
	 	BISTRO ONE, LLC
	 	TERMINAL D BAR & GRILL, LLC

 

	 	By:	 
	 	 	Name: Christopher J. Redd
	 	 	Title:   General Counsel, Vice President and Secretary

	 	 	 
	 	
        TERMINAL ONE, L.P.,

	 	By: BISTRO ONE, LLC, its General Partner
	 	 
	 	By:	 
	 	 	Name: Christopher J. Redd
	 	 	Title:   General Counsel, Vice President and Secretary

 

First Amendment to Financing

Agreement

 

    	 

    	 

    

 

	 	COLLATERAL AGENT AND ADMINISTRATIVE AGENT:
	 	 
	 	HIGHBRIDGE PRINCIPAL STRATEGIES, LLC
	 	 	 
	 	By:	 
	 	 	Name: 
	 	 	Title:

 

First Amendment to Financing

Agreement

 

    	 

    	 

    

 

	 	 	 
	 	LENDERS:
	 	 
	 	HIGHBRIDGE PRINCIPAL STRATEGIES – SPECIALTY LOAN FUND III, L.P.
	 	 	 
	 	By:	Highbridge Principal Strategies, LLC, as Trading Manager
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HIGHBRIDGE SPECIALTY LOAN SECTOR B INVESTMENT FUND, L.P.
	 	 	 
	 	By:	Highbridge Principal Strategies, LLC, as Trading Manager
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	CHASE LINCOLN FIRST COMMERCIAL CORPORATION
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HIGHBRIDGE PRINCIPAL STRATEGIES – SPECIALTY LOAN INSTITUTIONAL FUND III, L.P.
	 	 	 
	 	By:	Highbridge Principal Strategies, LLC, its Manager
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

First Amendment
to Financing

Agreement

 

    	 

    	 

    

 

	 	 	 
	 	FORETHOUGHT LIFE INSURANCE COMPANY
	 	 
	 	By:	Highbridge Principal Strategies, LLC, its Investment Manager
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	LINCOLN INVESTMENT SOLUTIONS, INC.
	 	 	 
	 	By:	Highbridge Principal Strategies, LLC, its Investment Manager
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HIGHBRIDGE PRINCIPAL STRATEGIES – NDT SENIOR LOAN FUND L.P.
	 	 	 
	 	By:	Highbridge Principal Strategies, LLC, its Manager
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

First Amendment to Financing

Agreement

 

    	 

    	 

    

 

	 	 	 
	 	HIGHBRIDGE AIGUILLES ROUGES SECTOR B INVESTMENT FUND, L.P.
	 	 	 
	 	By:	Highbridge Principal Strategies, LLC as manager
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HIGHBRIDGE SPECIALTY LOAN INSTITUTIONAL HOLDINGS LIMITED
	 	 	 
	 	By:	Highbridge Principal Strategies, LLC, its investment manager
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	AMERICAN UNITED LIFE INSURANCE COMPANY
	 	 	 
	 	By:	Highbridge Principal Strategies, LLC its Investment Manager
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HIGHBRIDGE PRINCIPAL STRATEGIES – SPECIALTY LOAN VG FUND, L.P.
	 	 	 
	 	By:	Highbridge Principal Strategies, LLC its Manager
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

First Amendment to Financing

Agreement

 

    	 

    	 

    

 

	 	ARES CAPITAL CORPORATION
	 	 
	 	By:	 
	 	 	Name: Penni Roll
	 	 	Title:   Authorized Signatory

 

First Amendment to Financing

Agreement

 

    	 

    	 

    

  

	 	REGIMENT CAPITAL SPECIAL SITUATIONS FUND V, L.P. 
	 	By: TCW Special Situations, LLC, acting solely as its investment manager
	 	 	 
	 	By:	 
	 	 	Name:  Matthew Whitcomb
	 	 	Title:    Managing DirectorExhibit 10.3

 

SECOND AMENDMENT TO FINANCING AGREEMENT

 

SECOND AMENDMENT, dated
as of August 7, 2015 (this “Second Amendment”), to the Financing Agreement, dated as of December 11, 2012 (as
amended by the First Amendment and as amended, restated, supplemented, modified or otherwise changed from time to time, the “Financing
Agreement”), by and among OTG Consolidated Holdings, Inc., a Pennsylvania corporation (the “Parent”),
OTG Management, Inc., a Pennsylvania corporation (“OTG”, and together with Parent, the “Parent Guarantors”),
OTG Management, LLC, a Delaware limited liability company (the “Borrower”), each Subsidiary of the Parent and the Borrower
listed as a “Subsidiary Guarantor” on the signature pages thereto or which becomes a Subsidiary Guarantor (as defined
in the Financing Agreement) pursuant thereto (each a “Subsidiary Guarantor” and, collectively, the “Subsidiary
Guarantors”, and together with the Parent Guarantors, the “Guarantors”), the lenders from time to
time party thereto (each a “Lender” and, collectively, the “Lenders”), Highbridge Principal
Strategies, LLC (“Highbridge”), as administrative agent for the Lenders (in such capacity, together with its
successors and assigns in such capacity, the “Administrative Agent”), Highbridge as collateral agent for the
Lenders (in such capacity, together with its successors and assigns in such capacity, the “Collateral Agent”
and together with the Administrative Agent, each an “Agent” and, collectively, the “Agents”).

 

WHEREAS, the Loan Parties,
the Agents and the Lenders wish to amend certain terms and provisions of the Financing Agreement as hereafter set forth.

 

NOW THEREFORE, in consideration
of the premises and other good and valuable consideration, the parties hereto hereby agree as follows:

 

1.         Defined Terms.
Any capitalized term used herein and not defined shall have the meaning assigned to it in the Financing Agreement.

 

2.         Amendments.

 

(a)         New Definitions.
Section 1.01 of the Financing Agreement is hereby amended by adding the following definitions thereto, in appropriate alphabetical
order:

 

““Second
Amendment” means the Second Amendment to this Agreement, dated as of August 7, 2015, among, inter alios, the Borrower,
the Agents and the Lenders.”

 

““Second
Amendment Effective Date” means the date on which the Second Amendment shall become effective in accordance with its
terms.”

 

““Specified
Approval Procedures” means, with respect to any amount that the Loan Parties propose to add back to Consolidated EBITDA
pursuant to clauses (v), (vi) or (vii) of the definition thereof, that (a) not later than 10 days prior to the date on which financial
statements for the applicable period are required to be delivered to the Agents and the Lenders pursuant to Section 7.01 hereof
(or such shorter period as is consented to by the Agents), the Loan Parties shall have delivered to the Agents a certificate (i)
identifying (A) the amounts proposed to be added back to Consolidated EBITDA pursuant to clauses (v), (vi) or (vii) of the definition
thereof, and (B) in reasonable detail, the reasons for the requested add-back(s), and (ii) certifying that such amounts are, subject
to approval by the Agents pursuant to the Specified Approval Procedures, permitted to be added back to Consolidated EBITDA pursuant
only to clauses (v), (vi) and (vii) of the definition thereof, and (b) not later than 3 days prior to the date on which financial
statements for the applicable period are required to be delivered to the Agents and the Lenders pursuant to Section 7.01 hereof
(or such shorter period as is consented to by the Agents), the Agents have provided written notification to the Loan Parties (which
notification may be made by email), that the Agents have approved such add-back(s), which approval may be granted, conditioned,
or withheld by the Agents in their sole discretion, acting reasonably.”

 

    	 

    	 

    

(b)         Existing
Definitions.

 

(i)         The following
definitions contained in Section 1.01 of the Financing Agreement are hereby deleted in their entirety and shall be replaced as
set forth below:

 

““Applicable
Prepayment Premium” means, as of any date of determination, (i) with respect to any payment of any Delayed Draw Term
Loan borrowed before January 1, 2016 or the Term Loan (other than any payment made pursuant to Section 2.05(c)(i) or any payment
made pursuant to Section 2.05(c)(iii) in respect of an issuance of Capital Stock), an amount equal to: (a) during the period from
and after the Second Amendment Effective Date up to and including January 31, 2016, 4.0% times the outstanding principal balance
of the Loans being repaid; (b) during the period after January 31, 2016 up to and including July 31, 2016, 1.0% times the outstanding
principal balance of the Loans being repaid, and (c) during any period after July 31, 2016, 0.0%, (ii) with respect to any payment
of any Delayed Draw Term Loan borrowed on or after January 1, 2016 (other than any payment made pursuant to Section 2.05(c)(i)
or any payment made pursuant to Section 2.05(c)(iii) in respect of an issuance of Capital Stock), an amount equal to (a) during
the period from January 1, 2016 up to and including January 31, 2016, 4.0% times the outstanding principal balance of the Delayed
Draw Term Loans being repaid, (b) during the period after January 31, 2016 up to and including March 31, 2017, 1.0% times the outstanding
principal balance of the Delayed Draw Term Loans being repaid, and (c) during any period after March 31, 2017, 0.0%, or (iii) with
respect to any payment of any Delayed Draw Term Loan or the Term Loan pursuant to Section 2.05(c)(iii) in respect of an issuance
of Capital Stock, an amount equal to: (a) during the period from and after the Second Amendment Effective Date up to and including
July 31, 2016, 1.0% times the outstanding principal balance of the Loans being repaid, and (b) during any period after July 31,
2016, 0.0%.”

 

““Permitted
Project” means a project at an airport terminal listed on Schedule 1.01(E) hereto.”

 

(ii)         Clause (d)(i)
of the definition of “Change of Control” in Section 1.01 of the Financing Agreement is hereby amended by adding the
phrase “(other than the 10% interest in the Series B Capital Stock of OTG Management PHL, LLC issued to R.W. Bogle LLC)”
immediately before the word “and” at the end thereof.

 

(iii)         Clauses (v),
(vi) and (vii) of the definition of “Consolidated EBITDA” in Section 1.01 of the Financing Agreement are hereby deleted
in their entirety and shall be replaced as set forth below:

 

“(v) fees, costs and expenses
incurred in connection with debt or equity issuances, acquisitions, investments, sales or divestitures permitted hereunder, in
each case, to the extent approved in writing by the Agents pursuant to the Specified Approval Procedures, (vi) extraordinary business
development expenses incurred by the Parent or any of its Subsidiaries or any JV Entity, in each case, to the extent approved in
writing by the Agents pursuant to the Specified Approval Procedures; provided that in no event shall (A) the aggregate amount of
such expenses exceed $1,500,000 in any twelve month period commencing with the twelve month period ending December 31, 2014 (other
than Permitted Chef Expenses), or (B) such expenses include payments to any Person that is employed on a full time basis by OTG,
the Parent or any of their Subsidiaries, (vii) any non-recurring expenses consistent with past practices and approved in writing
by the Agents pursuant to the Specified Approval Procedures,”

 

(iv)         The definition
of “Delayed Draw Term Loan Commitment Expiry Date” in Section 1.01 of the Financing Agreement is hereby amended by
deleting the date “June 11, 2015” referenced therein and inserting the date “September 30, 2016” in its
stead.

 

(v)         The definition
of “Make-Whole Premium” in Section 1.01 of the Financing Agreement is hereby deleted in its entirety.

 

    	2

    	 

    

(c)         Section 2.01(a)
(Commitments). Clause (iv) of Section 2.01(a) of the Financing Agreement is hereby deleted in its entirety and shall be replaced
as set forth below:

 

“(iv)
notwithstanding anything to the contrary contained in this Section 2.01(a), the Loan Parties hereby acknowledge, confirm and agree
that (A) immediately prior to the Second Amendment Effective Date, the outstanding principal amount of the Delayed Draw Term Loans
is equal to $86,702,499.98 (such Indebtedness being hereinafter referred to as the “Existing Delayed Draw Term Loan Indebtedness”),
(B) such Existing Delayed Draw Term Loan Indebtedness shall not be repaid on the Second Amendment Effective Date, but rather shall
be re-evidenced by this Agreement as a portion of the Delayed Draw Term Loan outstanding hereunder, (C) the additional Delayed
Draw Term Loans made on and after the Second Amendment Effective Date shall be in an aggregate amount not to exceed the Total Additional
Delayed Draw Term Loan Commitment (as in effect on the Second Amendment Effective Date), and (D) for all purposes of this Agreement
and the other Loan Documents, the sum of the Existing Delayed Draw Term Loan Indebtedness immediately prior to the Second Amendment
Effective Date and any additional Delayed Draw Term Loans made on and after the Second Amendment Effective Date shall constitute
the Delayed Draw Term Loans.”

 

(d)         Section 2.02(a)
(Making the Loans). The second sentence of Section 2.02(a) of the Financing Agreement is hereby deleted in its entirety and
shall be replaced as set forth below:

 

“Such Notice of Borrowing
shall specify (i) the principal amount of the proposed Loan, (ii) whether such Loan is requested to be a Reference Rate Loan or
a LIBOR Rate Loan and, in the case of a LIBOR Rate Loan, the initial Interest Period with respect thereto, and (iii) the proposed
borrowing date, which must be a Business Day and shall be accompanied by a cash flow projection of the Borrower and its Subsidiaries
for the immediately-succeeding 30-day period, in form and substance satisfactory to the Agents, acting reasonably, which cash flow
projection shall demonstrate that the Parent Guarantors, the Parent and its Subsidiaries will have, in the aggregate, less than
$10,000,000 of Cash and Cash Equivalents, on such proposed borrowing date, immediately prior to giving effect to the proposed Loan.”

 

(e)         Section 2.03
(Repayment of Loans; Evidence of Debt). Sections 2.03(b) and 2.03(c) of the Financing Agreement are hereby deleted in their
entirety and shall be replaced as set forth below:

 

“(b)         The outstanding
principal of the Delayed Draw Term Loans shall be repayable (x) in an initial installment on June 30, 2015, and (y) thereafter,
in consecutive quarterly installments on the last day of each March, June, September, and December commencing on December 31, 2016
and ending on the Final Maturity Date. Each such installment shall be in an amount equal to the Amortization Percentage times the
outstanding principal of the Delayed Draw Term Loans on (A) June 11, 2015 (in the case of the June 30, 2015 installment) and (B)
the Delayed Draw Term Loan Commitment Expiry Date (in the case of all other installments). The outstanding principal of the Delayed
Draw Term Loans shall be repaid in full on the earlier of (i) the date of the termination of the Total Revolving Credit Commitment
and (ii) the Final Maturity Date.

 

(c)         The outstanding principal
of the Term Loan shall be repayable (x) in an initial installment on June 30, 2015, and (y) thereafter, in consecutive quarterly
installments, on the last day of each March, June, September, and December commencing on December 31, 2016 and ending on the Final
Maturity Date. Each such installment shall be in an amount equal to the Amortization Percentage times the outstanding principal
of the initial Term Loan on the Effective Date. The outstanding principal of the Term Loan shall be repaid in full on the earlier
of (i) the date of the termination of the Total Revolving Credit Commitment and (ii) the Final Maturity Date.”

 

(f)         Section 5.02
(Conditions Precedent to Delayed Draw Term Loans). Section 5.02 of the Financing Agreement is hereby amended by (i) deleting
clause (g) thereof in its entirety and replacing it with “[reserved]”, (ii) deleting “and” at the end of
clause (f) thereof, (iii) replacing the period at the end of clause (g) thereof with “, and” and (iv) inserting the
following clause (h) after clause (g) thereof:

 

“(h) immediately prior
to the making of such Delayed Draw Term Loan, the aggregate amount of Cash and Cash Equivalents of the Parent Guarantors, the Parent
and its Subsidiaries shall be less than $10,000,000 (and, if so requested by the Agents, the Borrower shall have provided evidence
thereof to the Agents, in form and substance satisfactory to the Agents, acting reasonably).”

 

    	3

    	 

    

(g)         Section 5.03
(Conditions Precedent to All Loans). Section 5.03(f) of the Financing Agreement is hereby amended by replacing the number “4.00
to 1.00” contained therein and inserting the phrase “(A) 4.25 to 1.00 (in the case of any Loans to be made prior to
October 1, 2016), or (B) 4.00 to 1.00 (in the case of any Loans to be made on or after October 1, 2016)” in its stead.

 

(h)         Section 7.01(y)
(Control Agreements). Section 7.01(y) of the Financing Agreement is hereby amended by (i) replacing the amount “$25,000”
contained in clause (B) thereof and inserting the amount “$50,000” in its stead, (ii) deleting the word “and”
at the end of clause (B) thereof, and (iii) deleting the period at the end of clause (C) thereof and adding a new clause (D) to
the end thereof to read in its entirety as follows:

 

“and (D) cause the aggregate
amount of funds held on deposit in Deposit Account 4000141564 and Deposit Account 4000141580 at Wells Fargo Bank, N.A. to be less
than $20,000 (per Deposit Account) at all times.”

 

(i)         Section 7.01(dd)
(OTG Management PHL, LLC). Section 7.01 of the Financing Agreement is hereby amended by adding a new clause (dd) to the end
thereof to read in its entirety as follows:

 

“(dd)         OTG
Management PHL, LLC. Deliver to the Collateral Agent, in form and substance reasonably satisfactory to the Collateral Agent,
(i) within 10 Business Days following the Second Amendment Effective Date (or such later date as the Collateral Agent may otherwise
agree), an opinion of DLA Piper LLP (US), with respect to such matters regarding OTG Management PHL, LLC (and to the extent related
to the pledge to the Collateral Agent of the Capital Stock of OTG Management PHL, LLC owned by the Borrower, the Borrower) as the
Collateral Agent may reasonably request, and (ii) within 30 days following the Second Amendment Effective Date (or such later date
as the Collateral Agent may otherwise agree), such amendments to Article 8 of that certain Second Amended and Restated Limited
Liability Company Agreement of OTG Management PHL, LLC, dated as of December 29, 2014, as the Collateral Agent may reasonably request.”

 

(j)         Section 7.03(a)
(Fixed Charge Coverage Ratio). The applicable chart referenced in Section 7.03(a) of the Financing Agreement is hereby deleted
in its entirety and shall be replaced as set forth below:

 

	“Fiscal Quarter End	Fixed Charge Coverage Ratio
	Third Fiscal Quarter of 2015	1.40 : 1.00
	Fourth Fiscal Quarter of 2015	1.40 : 1.00
	First Fiscal Quarter of 2016	1.40 : 1.00
	Second Fiscal Quarter of 2016	1.40 : 1.00
	Third Fiscal Quarter of 2016	1.40 : 1.00
	Fourth Fiscal Quarter of 2016 and each fiscal Quarter ended thereafter	1.50 : 1.00”

 

(k)         Section 7.03(c)
(First Lien Leverage Ratio). The applicable chart referenced in Section 7.03(c) of the Financing Agreement is hereby deleted
in its entirety and shall be replaced as set forth below:

 

	“Fiscal Quarter End	First Lien Leverage Ratio
	Third Fiscal Quarter of 2015	4.25 : 1.00
	Fourth Fiscal Quarter of 2015	4.25 : 1.00
	First Fiscal Quarter of 2016	4.25 : 1.00
	Second Fiscal Quarter of 2016	4.25 : 1.00
	Third Fiscal Quarter of 2016	4.25 : 1.00
	Fourth Fiscal Quarter of 2016	4.00 : 1.00
	First Fiscal Quarter of 2017	3.88 : 1.00
	Second Fiscal Quarter of 2017	3.75 : 1.00
	Third Fiscal Quarter of 2017	3.63 : 1.00
	Fourth Fiscal Quarter of 2017	3.50 : 1.00”

 

    	4

    	 

    

(l)         Reference
to Effective Date. The definition of “Existing Letters of Credit”, Section 6.01(e)(i), Section 6.01(e)(ii), Section
6.01(f), Section 6.01(o)(ii), Section 6.01(q), Section 6.01(s), Section 6.01(v), Section 6.01(w), Section 6.01(x), Section 6.01(ee),
Section 6.01(ff), Section 6.01(ll) and Schedule 6.01(nn) of the Financing Agreement are hereby amended by deleting each instance
of the phrase “Effective Date” contained therein and inserting the phrase “Second Amendment Effective Date”
in each such instance’s stead.

 

(m)         Reference
to “date hereof”. Section 6.01(dd) of the Financing Agreement is hereby amended by deleting the phrase “date
hereof” contained therein and inserting the phrase “Second Amendment Effective Date” in its stead.

 

(n)         Schedules
to Financing Agreement. The schedules to the Financing Agreement are hereby amended by deleting such schedules in their entirety
and replacing such schedules to read as set forth on Annex I attached hereto, such schedules shall be deemed to qualify for all
purposes the representations contained in such corresponding sections of the Financing Agreement.

 

3.         Conditions to
Effectiveness. The effectiveness of this Second Amendment is subject to the fulfillment, in a manner reasonably satisfactory
to the Agents, of each of the following conditions precedent (the date such conditions are fulfilled or waived by the Agents is
hereinafter referred to as the “Second Amendment Effective Date”):

 

(a)         Representations
and Warranties; No Event of Default. The following statements shall be true and correct: (i) the representations and warranties
contained in this Second Amendment, ARTICLE VI of the Financing Agreement and in each other Loan Document, certificate or other
writing delivered to any Agent or any Lender pursuant hereto or thereto on or prior to the Second Amendment Effective Date are
true and correct in all material respects on and as of the Second Amendment Effective Date as though made on and as of such date,
except to the extent that any such representation or warranty expressly relates solely to an earlier date (in which case such representation
or warranty shall be true and correct on and as of such earlier date) and (ii) no Default or Event of Default shall have occurred
and be continuing on the Second Amendment Effective Date or would result from this Second Amendment becoming effective in accordance
with its terms.

 

(b)         Execution
of Amendment. The Agents and the Lenders shall have executed this Second Amendment and shall have received a counterpart to
this Second Amendment, duly executed by each Loan Party.

 

(c)         Payment of
Fees, Etc. The Borrower shall have paid on or before the Second Amendment Effective Date all fees, costs and expenses then
payable by the Borrower pursuant to the Loan Documents, including, without limitation, Sections 2.06 and 12.04 of the Financing
Agreement.

 

(d)         Delivery
of Documents. The Collateral Agent shall have received on or before the Second Amendment Effective Date the following, each
in form and substance reasonably satisfactory to the Collateral Agent and, unless indicated otherwise, dated the Second Amendment
Effective Date:

 

(i)         a reaffirmation
of the Blatstein Pledge Agreement, duly executed by Eric J. Blatstein;

 

(ii)         a reaffirmation
of the Subordination Agreement, dated December 11, 2012, made by Eric J. Blatstein in favor of the Collateral Agent and the Mezzanine
Agent, duly executed by Eric J. Blatstein;

 

(iii)        a flow of funds
agreement, duly executed by each Loan Party, each Lender and each Agent;

 

(iv)        a Security Agreement
supplement, duly executed by each of the Loan Parties party thereto;

 

(v)         a Grant of Security
Interest - Patents, duly executed by each of the Loan Parties party thereto;

 

    	5

    	 

    

(vi)        a Grant of Security
Interest - Trademarks, duly executed by each of the Loan Parties party thereto;

 

(vii)         a Guaranty and
Joinder Agreement, and a Security Agreement Supplement, in each case, duly executed by OTG Management PHL, LLC (Series A), accompanied
by a UCC-1 Financing Statement, naming OTG Management PHL, LLC (Series A) as debtor, and the Collateral Agent as the secured party;

 

(viii)         a copy of the
Second Amendment to the Mezzanine Note Purchase Agreement, duly executed by each Loan Party, the Required Mezzanine Purchasers
and the Mezzanine Agent and in form and substance satisfactory to the Collateral Agent and evidence that all conditions precedent
to the effectiveness of such second amendment to the Mezzanine Note Purchase Agreement have been satisfied as of the Second Amendment
Effective Date;

 

(ix)         a copy of the
resolutions of each Loan Party, certified as of the Second Amendment Effective Date by an Authorized Officer thereof, authorizing
(A) the additional borrowings and transactions contemplated hereby and (B) the execution, delivery and performance by such Loan
Party of this Second Amendment, the performance of the Loan Documents as amended thereby, and the execution and delivery of the
other documents to be delivered by such Loan Party in connection herewith and therewith;

 

(x)         a certificate
of an Authorized Officer of each Loan Party, certifying the names and true signatures of the representatives of such Loan Party
authorized to sign this Second Amendment and the other documents to be executed and delivered by such Loan Party in connection
herewith and therewith, together with evidence of the incumbency of such authorized officers;

 

(xi)         certificate of
the appropriate official(s) of the jurisdiction of organization and each state of foreign qualification of each Loan Party (or
other evidence reasonably satisfactory to Agents) certifying as of a recent date not more than 30 days prior to the Second Amendment
Effective Date as to the subsistence in good standing of, and the payment of taxes due and payable by, such Loan Party in such
states;

 

(xii)         a true and complete
copy of the charter, certificate of formation, certificate of limited partnership or other publicly filed organizational document
of each Loan Party certified as of a recent date not more than 30 days prior to the Second Amendment Effective Date by an appropriate
official of the state of organization of such Loan Party which shall set forth the same complete name of such Loan Party as is
set forth herein and the organizational number of such Loan Party, if an organizational number is issued in such jurisdiction (or,
to the extent the charter, certificate of formation, certificate of limited partnership or other publicly filed organizational
document of such Loan Party has not been amended, modified or supplemented since the First Amendment Effective Date, a certificate
from an Authorized Officer of such Loan Party certifying that such charter, certificate of formation, certificate of limited partnership
or other publicly filed organizational document of such Loan Party has not been amended, modified or supplemented since the First
Amendment Effective Date);

 

(xiii)         a copy of the
charter and by-laws, limited liability company agreement, operating agreement, agreement of limited partnership or other organizational
documents of each Loan Party, together with all amendments thereto, certified as of the Second Amendment Effective Date by an Authorized
Officer of such Loan Party (or, to the extent the charter and bylaws, limited liability company agreement, operating agreement,
agreement of limited partnership or other organizational documents of such Loan Party have not been amended, modified or supplemented
since the First Amendment Effective Date, a certificate from an Authorized Officer of such Loan Party certifying that such charter
and by-laws, limited liability company agreement, operating agreement, agreement of limited partnership or other organizational
documents have not been amended, modified or supplemented since the First Amendment Effective Date);

 

(xiv)         a certificate
of an Authorized Officer of the Borrower, certifying as to the matters set forth in subsection (a) of this Section 3;

 

(xv)         a certificate
of the chief financial officer of the Borrower (in substantially the form of the solvency certificate delivered on the First Amendment
Effective Date), certifying as to the solvency of (A) the Borrower, and (B) the Loan Parties and their respective Subsidiaries,
on a consolidated basis, which certificate shall be reasonably satisfactory in form and substance to the Collateral Agent; and

 

(xvi)         such other agreements,
instruments, approvals, opinions and other documents, each reasonably satisfactory to the Agents in form and substance, as any
Agent may reasonably request.

 

    	6

    	 

    

(e)         Legality.
The making of any Loans shall not contravene any law, rule or regulation applicable to any Agent or any Lender.

 

(f)         Notices.
The Administrative Agent shall have received a Notice of Borrowing pursuant to Section 2.02 of the Financing Agreement (without
giving effect to the notice requirements contained therein).

 

(g)         Proceedings;
Receipt of Documents. All proceedings in connection with the transactions contemplated by this Second Amendment, the Financing
Agreement, as amended hereby, and the other Loan Documents, and all documents incidental hereto and thereto, shall be reasonably
satisfactory to the Agents and their counsel, and the Agents and such counsel shall have received all such information and such
counterpart originals or certified or other copies of such documents, in form and substance reasonably satisfactory to the Agents,
as the Agents or such counsel may reasonably request.

 

4.         Representations
and Warranties. Each Loan Party represents and warrants as follows:

 

(a)         Organization,
Good Standing, Etc. Each Loan Party (i) is a corporation, limited liability company or limited partnership duly organized,
validly existing and in good standing under the laws of the state or jurisdiction of its organization, (ii) has all requisite power
and authority to conduct its business as now conducted and as presently contemplated, and to execute and deliver this Second Amendment,
and to consummate the transactions contemplated hereby and by the Financing Agreement, as amended hereby, and (iii) is duly qualified
to do business and is in good standing in each jurisdiction in which the character of the properties owned or leased by it or in
which the transaction of its business makes such qualification necessary, except (solely for the purposes of this subclause (iii))
where the failure to be so qualified or in good standing could not reasonably be expected to result in a Material Adverse Effect.

 

(b)         Authorization,
Etc. The execution, delivery and performance by each Loan Party of this Second Amendment, and the performance of the Financing
Agreement, as amended hereby, (i) have been duly authorized by all necessary action, (ii) do not and will not contravene its charter
or by-laws, its limited liability company or operating agreement or its certificate of partnership or partnership agreement, as
applicable, or any applicable law or any material contractual restriction binding on or otherwise affecting it or any of its material
properties, and (iii) do not and will not result in any default, noncompliance, suspension, revocation, impairment, forfeiture
or nonrenewal of any permit, license, authorization or approval applicable to its operations or any of its material properties.

 

(c)         Governmental
Approvals. No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority is
required in connection with the due execution, delivery and performance of this Second Amendment by the Loan Parties, and the performance
of the Financing Agreement, as amended hereby.

 

(d)         Enforceability
of the Second Amendment. This Second Amendment and the Financing Agreement, as amended hereby, when delivered hereunder, will
be a legal, valid and binding obligation of each Loan Party, enforceable against such Loan Party in accordance with the terms thereof,
except as may be limited by all applicable liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, and similar debtor relief laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors generally.

 

5.         Release.
Each Loan Party hereby acknowledges and agrees that: (a) neither it nor any of its Affiliates has any claim or cause of action
against any Agent or any Lender (or any of their respective Affiliates, officers, directors, employees, attorneys, consultants
or agents) and (b) each Agent and each Lender has heretofore properly performed and satisfied in a timely manner all of its obligations
to the Loan Parties and their Affiliates under the Financing Agreement and the other Loan Documents that are required to have been
performed on or prior to the date hereof. Notwithstanding the foregoing, the Agents and the Lenders wish (and the Loan Parties
agree) to eliminate any possibility that any past conditions, acts, omissions, events or circumstances would impair or otherwise
adversely affect any of the Agents’ and the Lenders’ rights, interests, security and/or remedies under the Financing
Agreement and the other Loan Documents. Accordingly, for and in consideration of the agreements contained in this Second Amendment
and other good and valuable consideration, each Loan Party (for itself and its Affiliates and the successors, assigns, heirs and
representatives of each of the foregoing) (collectively, the “Releasors”) does hereby fully, finally, unconditionally
and irrevocably release and forever discharge each Agent, each Lender and each of their respective Affiliates, officers, directors,
employees, attorneys, consultants and agents (collectively, the “Released Parties”) from any and all debts,
claims, obligations, damages, costs, attorneys’ fees, suits, demands, liabilities, actions, proceedings and causes of action,
in each case, whether known or unknown, contingent or fixed, direct or indirect, and of whatever nature or description, and whether
in law or in equity, under contract, tort, statute or otherwise, which any Releasor has heretofore had or now or hereafter can,
shall or may have against any Released Party by reason of any act, omission or thing whatsoever done or omitted to be done on or
prior to the Second Amendment Effective Date directly arising out of, connected with or related to this Second Amendment, the Financing
Agreement or any other Loan Document, or any act, event or transaction related or attendant thereto, or the agreements of any Agent
or any Lender contained therein, or the possession, use, operation or control of any of the assets of any Loan Party, or the making
of any Loans or other advances, or the management of such Loans or advances or the Collateral.

 

    	7

    	 

    

6.         Reaffirmation.

 

(a)         Borrower.
The Borrower hereby reaffirms its obligations under each Loan Document to which it is a party. The Borrower hereby further ratifies
and reaffirms the validity and enforceability of all of the Liens and security interests heretofore granted, pursuant to and in
connection with the Security Agreement or any other Loan Document to the Collateral Agent, on behalf and for the benefit of each
Agent and each Lender, as collateral security for the obligations under the Loan Documents in accordance with their respective
terms, and acknowledges that all of such Liens and security interests, and all collateral heretofore pledged as security for such
obligations, continues to be and remain collateral for such obligations from and after the date hereof.

 

(b)         Guarantors.
Each Guarantor hereby (i) consents to this Second Amendment; (ii) acknowledges and reaffirms all obligations owing by it to
the Agents and Lenders under any Loan Document to which it is a party and represents and warrants that, after giving effect to
this Second Amendment, all of its representations and warranties contained in the Loan Documents to which such Guarantor is a party
are true and correct on and as of the Second Amendment Effective Date as though made on and as of such date, except to the extent
that any such representation or warranty expressly relates solely to an earlier date (in which case such representations and warranties
shall be true and correct on and as of such earlier date), (iii) agrees that each Loan Document to which it is a party is and shall
remain in full force and effect and shall not be impaired or otherwise affected by the execution of this Second Amendment or any
other document or instrument delivered in connection herewith; and (iv) ratifies and reaffirms the validity and enforceability
of all of the Liens and security interests heretofore granted by it, pursuant to and in connection with the Security Agreement
and any other Loan Document to which such Guarantor is a party, to the Collateral Agent, on behalf and for the benefit of each
of the Lenders, as collateral security for the Secured Obligations of such Guarantor, and acknowledges that all of such Liens and
security interests, and all collateral heretofore pledged as security for such obligations, continues to be and remain collateral
for such obligations from and after the date hereof. Although each of the Guarantors have been informed of the matters set forth
herein and have acknowledged and agreed to same, each of the Guarantors understands that the Agents and the Lenders shall have
no obligation to inform the Guarantors of such matters in the future or to seek the Guarantors’ acknowledgement or agreement
to future amendments, waivers, or modifications, and nothing herein shall create such a duty.

 

(c)         Existing
Loans. The Borrower and the Guarantors hereby acknowledge and agree that (i) immediately prior to the Second Amendment Effective
Date, the aggregate outstanding principal amount of (A) the Term Loan is $98,750,000, (B) the Delayed Draw Term Loans is $86,702,499.98
and (C) the Revolving Loans is $10,000,000 and (ii) that such amounts are payable pursuant to the Financing Agreement as amended
hereby without defense, offset, withholding, counterclaim, or deduction of any kind.

 

(d)         Additional
Delayed Draw Term Loan Commitment.

 

(i)         Pursuant to the
Loan Documents as in effect immediately prior to the effectiveness of this Second Amendment, the Additional Delayed Draw Term Loan
Commitment of each Lender (and the Total Additional Delayed Draw Term Loan Commitments) terminated on June 11, 2015, whereupon
the obligation of each Delayed Draw Term Loan Lender to make Delayed Draw Term Loans terminated.

 

(ii)         Pursuant to the
terms of this Second Amendment, each of the Lenders, the Agents and the Loan Parties agreed to reinstate the unused portion of
the Total Additional Delayed Draw Term Loan Commitments and extend the Delayed Draw Term Loan Commitment Expiry Date to September
30, 2016; provided that no Lender would be obligated to reinstate its expired Additional Delayed Draw Term Loan Commitments without
its consent and each Lender would have the opportunity to assume a portion of the reinstated Total Additional Delayed Draw Term
Loan Commitments.

 

(iii)         Each Lender
that is specified on Schedule 1.01(A) of the Financing Agreement (as amended by this Second Amendment) as having an Additional
Delayed Draw Term Loan Commitment (A) has agreed to assume the portion of the reinstated Total Additional Delayed Draw Term Loan
Commitment set forth opposite its name in the column titled “Additional Delayed Draw Term Loan Commitment” in the chart
referenced in Schedule 1.01(A) of the Financing Agreement (as amended by this Second Amendment), and (B) hereby acknowledges and
agrees that, immediately following the Second Amendment Effective Date and subject to the terms and conditions of the Financing
Agreement (as amended by this Second Amendment), it has an active and binding commitment to make Delayed Draw Term Loans to the
Borrower in the amount set forth opposite its name in the column titled “Additional Delayed Draw Term Loan Commitment”
in the chart referenced in Schedule 1.01(A) of the Financing Agreement (as amended by this Second Amendment).

 

    	8

    	 

    

7.         Miscellaneous.

 

(a)         Consents.
The Agents and the Lenders hereby consent to (i) the amendments set forth in the Second Amendment to Mezzanine Note Purchase Agreement
referred to in Section 3(d)(viii), and (ii) the release of the security interests in favor of the Collateral Agent in the assets
of OTG Management PHL, LLC (Series B) upon the delivery by the Loan Parties of the legal opinion described in Section 7.01(dd)
of the Financing Agreement (as amended by the Second Amendment), and the execution and delivery by the Collateral Agent of such
instruments, documents and filings as the Collateral Agent and the Borrower deem necessary or appropriate to effect and evidence
such release, all of which shall be made at the expense of the Borrower.

 

(b)         Continued
Effectiveness of the Financing Agreement and the Other Loan Documents. Except as otherwise expressly provided herein, the Financing
Agreement and the other Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed
in all respects, except that on and after the Second Amendment Effective Date (i) all references in the Financing Agreement to
“this Agreement”, “hereto”, “hereof”, “hereunder” or words of like import referring
to the Financing Agreement shall mean the Financing Agreement as amended by this Second Amendment, and (ii) all references in the
other Loan Documents to the “Financing Agreement”, “thereto”, “thereof”, “thereunder”
or words of like import referring to the Financing Agreement shall mean the Financing Agreement as amended by this Second Amendment.
Except as expressly provided herein, the execution, delivery and effectiveness of this Second Amendment shall not operate as an
amendment of any right, power or remedy of the Agents and the Lenders under the Financing Agreement or any other Loan Document,
nor constitute an amendment of any provision of the Financing Agreement or any other Loan Document.

 

(c)         Counterparts.
This Second Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each
of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement. Delivery
of an executed counterpart of this Second Amendment by telefacsimile or electronic mail shall be equally as effective as delivery
of an original executed counterpart of this Second Amendment.

 

(d)         Headings.
Section headings herein are included for convenience of reference only and shall not constitute a part of this Second Amendment
for any other purpose.

 

(e)         Costs and
Expenses. The Borrower agrees to pay on demand all fees and reasonable, documented out-of-pocket costs and expenses incurred
by or on behalf of the Agents and the Lenders in connection with the preparation, execution and delivery of this Second Amendment.

 

(f)         Second Amendment
as Loan Document. Each Loan Party hereby acknowledges and agrees that this Second Amendment constitutes a “Loan Document”
under the Financing Agreement. Accordingly, it shall be an Event of Default under the Financing Agreement if (i) any representation
or warranty made by any Loan Party under or in connection with this Second Amendment shall have been incorrect in any material
respect when made or deemed made or (ii) any Loan Party shall fail to perform or observe any term, covenant or agreement contained
in this Second Amendment.

 

(g)         Severability.
Any provision of this Second Amendment that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining portions hereof or affecting
the validity or enforceability of such provision in any other jurisdiction.

 

(h)         Governing
Law. This Second Amendment shall be governed by the laws of the State of New York.

 

(i)         Waiver of
Jury Trial. THE PARTIES HERETO HEREBY IRREVOCABLY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
BASED UPON OR ARISING OUT OF THIS SECOND AMENDMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT
CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS.

 

[Remainder of page intentionally left blank]

 

    	9

    	 

    

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

 

	 	BORROWER:
	 	 	 	 
	 	OTG MANAGEMENT, LLC
	 	 	 	 
	 	By: 	/s/ Christopher J. Redd
	 	 	Name:	Christopher J. Redd
	 	 	Title:	Vice President
	 	 	 	 
	 	GUARANTORS:
	 	 	 	 
	 	AIRBEV, LLC
	 	FLO SOLUTIONS, LLC
	 	LAGUARDIA USA, LLC
	 	LGABEV, LLC
	 	OTG CONCEPTS FRANCHISING, LLC
	 	OTG CONSOLIDATED HOLDINGS, INC.
	 	OTG DCA VENTURE II, LLC
	 	OTG EXPERIENCE, LLC
	 	OTG JFK T5 VENTURE, LLC
	 	OTG MANAGEMENT BOS, LLC
	 	OTG MANAGEMENT DCA, LLC
	 	OTG MANAGEMENT EWR, LLC
	 	OTG MANAGEMENT, INC.
	 	OTG MANAGEMENT JFK, LLC
	 	OTG MANAGEMENT MCO, LLC
	 	OTG MANAGEMENT MIDWEST, LLC
	 	OTG MANAGEMENT PHL, LLC (SERIES A)
	 	OTG MANAGEMENT T8, LLC
	 	OTG MANAGEMENT TUCSON, LLC
	 	OTG MANAGEMENT YYZ, LLC
	 	RUNTIME CANADA, LLC
	 	RUNTIME EQUIPMENT CO., LLC
	 	TERMINAL D BAR & GRILL, LLC
	 	 	 	 
	 	By:	/s/ Christopher J. Redd
	 	 	Name:	Christopher J. Redd
	 	 	Title:	Vice President

 

    	 

    	 

    

	 	COLLATERAL AGENT AND ADMINISTRATIVE AGENT:
	 	 	 	 
	 	HIGHBR1DGE PRINCIPAL STRATEGIES, LLC
	 	 	 	 
	 	By: 	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

    	 

    	 

    

	 	LENDERS:
	 	 	 	 
	 	HIGHBRIDGE PRINCIPAL STRATEGIES - SPECIALTY LOAN FUND III, L.P.
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By: 	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

	 	HIGHBRIDGE SPECIALTY LOAN SECTOR B INVESTMENT FUND, L.P.
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

	 	HIGHBRIDGE PRINCIPAL STRATEGIES - SPECIALTY LOAN INSTITUTIONAL
        FUND III, L.P.
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

	 	FORETHOUGHT LIFE INSURANCE COMPANY
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

    	 

    	 

    

	 	LINCOLN INVESTMENT SOLUTIONS, INC.
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

	 	HIGHBRIDGE PRINCIPAL STRATEGIES – NDT SENIOR LOAN FUND
        L.P.
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

	 	HIGHBRIDGE AIGUILLES ROUGES SECTOR B INVESTMENT FUND, L.P.
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

	 	HIGHBRIDGE SPECIALTY LOAN INSTITUTIONAL HOLDINGS LIMITED
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

    	 

    	 

    

	 	AMERICAN UNITED LIFE INSURANCE COMPANY
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

	 	HIGHBRIDGE PRINCIPAL STRATEGIES – SPECIALTY LOAN VG FUND,
        L.P.
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

	 	HIGHBRIDGE SPECIALTY LOAN HOLDINGS, L.P.
	 	 	 	 
	 	By:	Highbridge Principal
        Strategies, LLC, its Investment Manager
	 	 	 	 
	 	By:	/s/ Jeffrey Fitts
	 	 	Name:	Jeffrey Fitts
	 	 	Title:	Managing Director

 

    	 

    	 

    

	 	ARES CAPITAL CORPORATION
	 	 	 	 
	 	By:	/s/ Michael L. Smith
	 	 	Name:	Michael L. Smith
	 	 	Title:	Authorized Signatory

 

    	 

    	 

    

	 	REGIMENT CAPITAL SPECIAL SITUATIONS FUND V, L.P.
	 	 	 	 
	 	By:	TCW Special Situations,
        LLC, its investment manager
	 	 	 	 
	 	By:	/s/ Richard Miller
	 	 	Name:	Richard Miller
	 	 	Title:	Authorized Signatory

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