Document:

Exhibit 10.1

 Exhibit 10.1 

INCREMENTAL ASSUMPTION AGREEMENT dated as of September 3, 2015 (this
“Agreement”), among CBRE SERVICES, INC., a Delaware corporation (the “U.S. Borrower”), CBRE LIMITED, a limited company organized under the laws of England and Wales (with company no: 3536032) (the
“U.K. Borrower”), CBRE LIMITED, a corporation organized under the laws of the province of New Brunswick (the “Canadian Borrower”), CBRE PTY LIMITED, a company organized under the laws of Australia and
registered in New South Wales (the “Australian Borrower”), CBRE LIMITED, a company organized under the laws of New Zealand (the “New Zealand Borrower” and, together with the U.S. Borrower, the U.K.
Borrower, the Canadian Borrower and the Australian Borrower, the “Borrowers”), CBRE GROUP, INC., a Delaware corporation (“Holdings”), the INCREMENTAL TRANCHE B-1 TERM LENDERS party hereto, the
INCREMENTAL TRANCHE B-2 TERM LENDERS party hereto and CREDIT SUISSE AG, as Administrative Agent. 

A.         Reference is made to the Second Amended and Restated Credit Agreement
dated as of January 9, 2015 (as amended by Amendment No. 1 dated as of May 28, 2015, and as further amended, supplemented or modified prior to the date hereof, the “Credit Agreement”), among the Borrowers,
Holdings, the Lenders (as defined in Article I of the Credit Agreement) and Credit Suisse AG, as administrative agent (in such capacity, the “Administrative Agent”) and as collateral agent (in such capacity, the
“Collateral Agent”) for the Lenders. 

B.         Holdings and the U.S. Borrower have requested that (i) the
persons set forth on Schedule II hereto (together with their permitted successors and assigns, the Incremental Tranche B-1 Term Lenders”) commit to make Incremental Term Loans (the “Incremental Tranche B-1 Term
Loans”) to the U.S. Borrower on the B-1 Funding Date (as defined below in Section 1) in an aggregate principal amount of up to $270,000,000 and (ii) the persons set forth on Schedule III hereto (together with their permitted
successors and assigns, the “Incremental Tranche B-2 Term Lenders” and, together with the Incremental Tranche B-1 Term Lenders, the “New Incremental Term Lenders”) commit to make Incremental Term Loans
(the “Incremental Tranche B-2 Term Loans” and, together with the Incremental Tranche B-1 Term Loans, the “New Incremental Term Loans”) to the U.S. Borrower on the B-2 Funding Date (as defined below in
Section 1) in an aggregate principal amount of up to $130,000,000, the proceeds of such New Incremental Term Loans to be used to pay fees and expenses relating to the New Incremental Term Loans and for general corporate purposes, including,
without limitation, paying the consideration for the acquisition of the Global WorkPlace Solutions business of Johnson Controls, Inc. (the “Radio Acquisition”). 

C.         The New Incremental Term Lenders are willing to make the New
Incremental Term Loans to the U.S. Borrower, in each case on the relevant Funding Date (as defined below in Section 1) and on the terms and subject to the conditions set forth herein and in the Credit Agreement. 

 Accordingly, in consideration of the mutual agreements herein contained and for
other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 

SECTION 1.    Terms Generally.   (a) The rules of construction set forth
in Section 1.02 of the Credit Agreement shall apply mutatis mutandis to this Agreement. This Agreement shall be a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents and, to the extent it
relates to the making of New Incremental Term Loans, an “Incremental Assumption Agreement” for all purposes of the Credit Agreement and the other Loan Documents. Capitalized terms used but not defined herein have the meanings assigned
thereto in the Credit Agreement. 
 (b)        As used in this Agreement, the
following terms have the meanings specified below: 
 “B-1 Funding Date” shall mean the date, on or
after the Effective Date (as defined below in Section 5) and prior to the New Incremental Term Loan Commitment Termination Date (as defined below in Section 2), on which (a) all of the conditions precedent set forth in Section 6
are satisfied and (b) the Incremental Tranche B-1 Term Loans are funded. 
 “B-2 Funding Date”
shall mean the date, on or after the Effective Date and prior to the New Incremental Term Loan Commitment Termination Date, on which (a) all of the conditions precedent set forth in Section 6 are satisfied and (b) the Incremental
Tranche B-2 Term Loans are funded. 
 “Funding Dates” shall mean the B-1 Funding Date and the B-2
Funding Date. 
 “Incremental Tranche B-1 Commitment” shall mean, with respect to each Incremental
Tranche B-1 Term Lender, the commitment of such Incremental Tranche B-1 Term Lender to make Incremental Tranche B-1 Term Loans hereunder as set forth on Schedule II. 

“Incremental Tranche B-2 Commitment” shall mean, with respect to each Incremental Tranche B-2 Term
Lender, the commitment of such Incremental Tranche B-2 Term Lender to make Incremental Tranche B-2 Term Loans hereunder as set forth on Schedule III. 

“New Incremental Term Loan Commitments” shall mean the Incremental Tranche B-1 Commitments and the
Incremental Tranche B-2 Commitments. 
 SECTION 2.   Incremental Term
Loans.  (a) On the terms and subject to the conditions set forth herein and in the Credit Agreement and in reliance upon the representations and warranties set forth herein and in the other Loan Documents, (i) each
Incremental Tranche B-1 Term Lender agrees, severally and not jointly, to make, on the B-1 Funding Date, an Incremental Tranche B-1 Term Loan to the U.S. Borrower, in dollars, in an aggregate principal amount not to exceed its Incremental Tranche
B-1 Commitment and (ii) each Incremental Tranche B-2 Term Lender agrees, severally and not jointly, to make, on the B-2 Funding Date, an Incremental Tranche B-2 Term Loan to the U.S. Borrower, in dollars, in an aggregate principal amount not to
exceed its Incremental Tranche B-2 Commitment. Amounts paid or prepaid in respect of the New Incremental Term Loans may not be reborrowed. 

  
 2 

 (b)        The New Incremental Term Loan
Commitment of each New Incremental Term Lender shall automatically terminate upon the earlier of (i)(x) in the case of an Incremental Tranche B-1 Commitment, the making of the Incremental Tranche B-1 Term Loans on the B-1 Funding Date or (y) in
the case of an Incremental Tranche B-2 Commitment, the making of the Incremental Tranche B-2 Term Loans on the B-2 Funding Date and (ii) 5:00 p.m., New York City time on the date which is 90 days after the Effective Date (the “New
Incremental Term Loan Commitment Termination Date”). 
 (c)        The
proceeds of the New Incremental Term Loans are to be used by the U.S. Borrower solely for the purposes set forth in Recital B of this Agreement. 

SECTION 3.    Terms and Conditions.   The Incremental Tranche B-1 Term
Loans and Incremental Tranche B-2 Term Loans shall constitute Specified Incremental Term Loans and Term Loans for all purposes of the Credit Agreement and the other Loan Documents, and shall have the terms that are set forth in Exhibit A-1 hereto in
the case of the Incremental Tranche B-1 Term Loans and have the terms that are set forth in Exhibit A-2 hereto in the case of the Incremental Tranche B-2 Term Loans. 

SECTION 4.   Representations and Warranties. To induce the other parties hereto to enter
into this Agreement, each Loan Party party hereto represents and warrants to the Administrative Agent and each of the Lenders (including the New Incremental Term Lenders) that: 

(a)        This Agreement has been duly authorized, executed and delivered by such
Loan Party, and, constitutes a legal, valid and binding obligation of such Loan Party enforceable against such Loan Party in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium and other
similar laws relating to or affecting creditors’ rights generally and to general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 

(b)        Each of the representations and warranties made by such Loan Party in
Article III of the Credit Agreement and in each other Loan Document are true and correct in all material respects on and as of the date hereof and each Funding Date, except to the extent such representations and warranties expressly relate to an
earlier date. 
 (c)        No Event of Default or Default has occurred and is
continuing as of the Effective Date and as of each Funding Date after giving effect to the New Incremental Term Loans to be made on such Funding Date. 

SECTION 5.    Effectiveness.   This Agreement shall become effective
as of the date (the “Effective Date”) on which each of the following conditions precedent shall have been satisfied: 

(a)        The Administrative Agent shall have received duly executed counterparts of
this Agreement which, when taken together, bear the signatures of each Loan Party and each New Incremental Term Lender. 

(b)        Each of the conditions set forth in paragraphs (b) and (c) of
Section 4.01 of the Credit Agreement shall be satisfied, and the Administrative Agent shall have received a 

  
 3 

 
certificate to that effect dated as of the Effective Date and executed by a Responsible Officer of the U.S. Borrower. 

(c)        As of the Effective Date, and assuming the funding in full of the New
Incremental Term Loans had occurred on the Effective Date, Holdings would be in Pro Forma Compliance, and the Administrative Agent shall have received a certificate to that effect dated as of the Effective Date and executed by a Responsible Officer
of the U.S. Borrower. 
 (d)        The Administrative Agent shall have received
(i) a favorable written opinion of (x) the General Counsel or Deputy General Counsel of the U.S. Borrower and (y) Simpson Thacher & Bartlett LLP, counsel for Holdings and the U.S. Borrower, in each case addressed to the
Administrative Agent, the Lenders (including the New Incremental Term Lenders) and the Issuing Banks, (ii) board resolutions and (iii) customary officer’s certificates, in each case, substantially consistent with those delivered on
the Second Restatement Date. Holdings and the U.S. Borrower hereby request such counsel to deliver such opinion. 

(e)        The Administrative Agent shall have received all fees and other amounts due
and payable on or prior to the Effective Date, including all Upfront Fees (as defined below in Section 9) and, to the extent invoiced one Business Day prior to the Effective Date, reimbursement or payment of all reasonable out-of-pocket
expenses required to be reimbursed or paid by the Borrowers hereunder or under any other Loan Document. 
 SECTION
6.    Conditions Precedent to Each Funding Date. The obligation of each New Incremental Term Lender to make its New Incremental Term Loans hereunder on a Funding Date shall be subject to the satisfaction, on or
after the Effective Date, of the following conditions precedent: 
 (a)        The
Administrative Agent shall have received a Borrowing Request with respect to the New Incremental Term Loans to be made on such Funding Date in accordance with Section 2.03 of the Credit Agreement. 

(b)        Each of the conditions set forth in paragraphs (b) and (c) of
Section 4.01 of the Credit Agreement shall be satisfied, and the Administrative Agent shall have received a certificate to that effect dated as of such Funding Date and executed by a Responsible Officer of the U.S. Borrower. 

(c)        The Administrative Agent shall have received all fees and other amounts due
and payable on or prior to such Funding Date, including any Ticking Fees (as defined below in Section 10) and, to the extent invoiced one Business Day prior to such Funding Date, reimbursement or payment of all out-of-pocket expenses required
to be reimbursed or paid by the Borrowers hereunder or under any other Loan Document. 
 SECTION
7.    Acknowledgement of Guarantors. Each of the Guarantors party hereto hereby acknowledges its receipt of a copy of this Agreement and its review of the terms and conditions hereof, and each of the
Guarantors hereby consents to the terms and conditions of this Agreement and the transactions contemplated hereby, and hereby affirms and confirms its guarantee of the Obligations pursuant to the Guarantee and Pledge Agreement and agrees that such
guarantee shall continue to be in full force and effect and shall inure to the benefit of the 

  
 4 

 
Secured Parties, including the New Incremental Term Lenders as such in respect of their New Incremental Term Loans and the other Obligations owed to them from time to time. 

SECTION 8.    Notices.     All notices hereunder shall be
given in accordance with the provisions of Section 9.01 of the Credit Agreement. 
 SECTION
9.    Upfront Fees.    In consideration of the agreements of the New Incremental Term Lenders contained in this Agreement, Holdings and the U.S. Borrower agree to pay to the Administrative
Agent, in immediately available funds, for the account of each New Incremental Term Lender, an upfront fee (the “Upfront Fee”), in the amounts described in Exhibit A-1 and Exhibit A-2, payable on the Effective Date.
Once paid, the Upfront Fee shall not be refundable under any circumstances. 
 SECTION 10. Ticking
Fees.   In consideration of the agreements of the New Incremental Term Lenders contained in this Agreement, Holdings and the U.S. Borrower agree to pay to the Administrative Agent, in immediately available funds, for the
account of each New Incremental Term Lender, a ticking fee (the “Ticking Fee”), equal to 0.25% per annum of the aggregate amount of the applicable unused New Incremental Term Loan Commitment of such New Incremental Term
Lender, calculated on the basis of the actual number of days elapsed in a 360-day year, beginning to accrue on and including the 45th day after the Effective Date, up to but excluding the day the
applicable New Incremental Term Loan Commitment of such New Incremental Term Lender is reduced to zero or otherwise terminated in accordance with this Agreement (the “Ticking Fee Termination Date”), payable in arrears on the
Ticking Fee Termination Date. Once paid, the Ticking Fee shall not be refundable under any circumstances. 
 SECTION
11. Counterparts.   This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original but all of which when taken together
shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile or other customary means of electronic transmission (e.g., “pdf”) shall be as effective as delivery of a manually signed
counterpart of this Agreement. 
 SECTION 12. APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 13. WAIVER OF JURY
TRIAL.     EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER
OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
TO ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 13. 

  
 5 

 SECTION 14. Jurisdiction; Consent to Service of Process.
(a) Each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any New York State court or Federal court of the United States of America sitting in New York City, and any
appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all
claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent, the Collateral Agent,
any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement against any Loan Party or their respective properties in the courts of any jurisdiction. 

(b)        Each Loan Party hereby irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York State or Federal court.
Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c)        Each party to this Agreement irrevocably consents to service of process in
the manner provided for notices in Section 9.01 of the Credit Agreement. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 15. Headings.   Headings used herein are for convenience of reference only,
are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 

[Remainder of this page intentionally left blank] 

  
 6 

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

							
	CBRE SERVICES, INC.,
				
		 	by	 		 	
		 		 	 /s/ DEBERA FAN

		 		 	Name:	 	Debera Fan
		 		 	Title:	 	Senior Vice President and Treasurer
	
	CBRE GROUP, INC.,
				
		 	by	 		 	
		 		 	 /s/ DEBERA FAN

		 		 	Name:	 	Debera Fan
		 		 	Title:	 	Senior Vice President and Treasurer
	
	EACH OF THE SUBSIDIARY
	GUARANTORS LISTED ON SCHEDULE I HERETO,
				
		 	by	 		 	
		 		 	 /s/ DEBERA FAN

		 		 	Name:	 	Debera Fan
		 		 	Title:	 	Senior Vice President and Treasurer

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

							
	CBRE LIMITED, a limited company organized under the laws of England and Wales,
				
		 	by	 		 	
		 		 	 /s/ PHILIP EMBUREY

		 		 	Name: Philip Emburey
		 		 	Title: Director
				
		 	by	 		 	
		 		 	 /s/ MARK CREAMER

		 		 	Name: Mark Creamer
		 		 	Title: Director
	
	CBRE LIMITED, a corporation organized under the laws of the province of New Brunswick,
				
		 	by	 		 	
		 		 	  /s/ JEFF COOK

		 		 	Name: Jeff Cook
		 		 	Title: SVP Finance

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

									
		 	CBRE PTY LIMITED, a company organized under the laws of Australia,
					
		 		 	by	  		 	
		 		 		  	 /s/ NATALIE MARIE CRAIG          
		 		 		  	Name: Natalie Marie Craig
		 		 		  	Title: Secretary
				
		 		 	  
 by
	  	
		 		 		  	  /s/ SCOTT ANTHONY GRAY-

SPENCER                         
                 

		 		 		  	Name:	 	Scott Anthony Gray-Spencer
		 		 		  	Title:	 	Director
		
		 	  
 CBRE LIMITED, a company organized under the laws of New
Zealand,

					
		 		 	by	  		 	
		 		 		  	 /s/ BRENT DAVID MCGREGOR    
		 		 		  	Name: Brent David McGregor
		 		 		  	Title: Director
				
		 		 	  
 by
	  	
		 		 		  	  /s/ THOMAS JACKSON SOUTHERN

		 		 		  	Name: Thomas Jackson Southern
		 		 		  	Title: Director

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
					
	CB/TCC GLOBAL HOLDINGS LIMITED,
			
		 	by	 	
		 		 	  /s/ PHILIP EMBUREY

		 		 	Name: Philip Emburey
		 		 	Title: Director
			
		 	by	 	
		 		 	  /s/ MARCUS SMITH

		 		 	Name: Marcus Smith
		 		 	Title: Director

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
	
	RELAM AMSTERDAM HOLDINGS B.V.,
	
	            By: Intertrust Management B.V., its
	                 managing director
	
                 /s/ GERT JAN REITBERG & 
LOBKE

                 ZONNEVELD       
                             

	                 Name: Gert Jan Reitberg & Lobke
	                 Zonneveld
	                 Title: Proxy Holders

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
							
	CBRE GLOBAL HOLDINGS, a Luxembourg société à responsabilité limitée with a share capital of EUR 122,785,675, having its registered office at 6, rue Guillaume Schneider, L-2522
Luxembourg, Grand Duchy of Luxembourg and registered with the Registre de Commerce et des Sociétés, Luxembourg under number B 150.693
			
		 	By	 	
		 		 	/s/ LAURENCE H. MIDLER                
		 		 	Name:  Laurence H. Midler
		 		 	Title:    Type A manager

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
							
		 	CBRE LIMITED PARTNERSHIP,
		
		 	 By: CBRE PARTNER, INC., its general
     partner

			
		 		 	 /s/ DEBERA FAN                          
		 		 	Name:  Debera Fan
		 		 	Title:    Sr. Vice President and Treasurer

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
							
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a New Incremental Term Lender and as Administrative Agent,
			
		 	by	 	
		 		 	 /s/ BILL O’DALY                            
		 		 	Name:  Bill O’Daly
		 		 	Title:    Authorized Signatory
			
		 	by	 	
		 		 	/s/ D. ANDREW MALETTA            
		 		 	Name:  D. Andrew Maletta
		 		 	Title:    Authorized Signatory

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
							
	WELLS FARGO BANK, N.A.,
	as a New Incremental Term Lender,
			
		 	by	 	
		 		 	 /s/ PATRICK M. DRUM                    
		 		 	Name:  Patrick M. Drum
		 		 	Title:  Senior Vice President

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: Bank of America N.A.
  

  

					
	  

    by
	 	 
	 	 	   /s/ RONALD
ODLOZIL

	 	 	  Name:  Ronald Odlozil
	 	 	  Title:    Senior Vice President
	  

For any New Incremental Term Lender requiring a second signature line:

	  

    by

	 	 	  

	 	 	  Name:	 	 
	 	 	  Title:	 	 

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: U.S. BANK NATIONAL ASSOCIATION
  

  

			
	  

    by
	 	 
	 	 	   /s/ GLENN LEYRER

	 	 	  Name:  Glenn Leyrer
	 	 	  Title:    Vice President
	  

For any New Incremental Term Lender requiring a second signature line:

	  

    by
	 	 
	 	 	  

	 	 	  Name:
	 	 	  Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: HSBC Bank USA, National Association
  

  

			
	  

    by
	 	 
	 	 	   /s/ ANDREW HIETALA

	 	 	  Name:  Andrew Hietala
	 	 	  Title:    Senior Vice President
	  

For any New Incremental Term Lender requiring a second signature line:

	  

    by
	 	 
	 	 	  

	 	 	  Name:
	 	 	  Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: JPMORGAN CHASE BANK, N.A.
  

  

			
	  

    by
	 	 
	 	 	   /s/ CHIARA CARTER

	 	 	  Name:  Chiara Carter
	 	 	  Title:    Vice President
	  

For any New Incremental Term Lender requiring a second signature line:

	  

    by

	 	 	  

	 	 	  Name:
	 	 	  Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: Mizuho Bank (USA)
  

  

			
	  

    by
	 	 
	 	 	   /s/ JOHN DAVIES

	 	 	  Name:  John Davies
	 	 	  Title:    Senior Vice President
	  

For any New Incremental Term Lender requiring a second signature line:

	  

    by
	 	 
	 	 	  

	 	 	  Name:
	 	 	  Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: ROYAL BANK OF SCOTLAND PLC
  

  

			
	  

    by
	 	 
	 	 	   /s/ JOHN TULLOCH

	 	 	  Name:  John Tulloch
	 	 	  Title:    Director, Portfolio Management
	  

For any New Incremental Term Lender requiring a second signature line:

	  

    by
	 	 
	 	 	  

	 	 	  Name:
	 	 	  Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: THE BANK OF NOVA SCOTIA
  

  

			
	  

    by

	 	 	   /s/ WINSTON LUA

	 	 	  Name:  Winston Lua
	 	 	  Title:    Director
	  

For any New Incremental Term Lender requiring a second signature line:

	  

    by
	 	 
	 	 	  

	 	 	 Name:
	 	 	 Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: MUFG Union Bank, N.A.
  

  

			
	  

    by
	 	 
	 	 	   /s/ SUSAN J. SWERDLOFF

	 	 	  Name:  Susan J. Swerdloff
	 	 	  Title:    Managing Director
	  

For any New Incremental Term Lender requiring a second signature line:

	 	 
	     by

 
	 	  

	 	 	  Name:
	 	 	  Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution:  The Bank of New York Mellon
  

  

			
	 	 
	    by	 	 
	 	 	   /s/ HELGA BLUM

	 	 	  Name:  Helga Blum
	 	 	  Title:    Managing Director
	  

For any New Incremental Term Lender requiring a second signature line:

	 	 
	     by

 
	 	  

	 	 	 Name:
	 	 	 Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: KEYBANK NATIONAL ASSOCIATION
  

  

			
	 	 
	    by	 	 
	 	 	   /s/ GEOFF SMITH

	 	 	  Name:  Geoff Smith
	 	 	  Title:    Senior Vice President
	  

For any New Incremental Term Lender requiring a second signature line:

	  

    by
	 	 
	 	 	  

	 	 	 Name:
	 	 	 Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: Branch Banking and Trust Company
  

  

			
	 	 
	    by	 	 
	 	 	   /s/ ELIZABETH WILLIS

	 	 	  Name:  Elizabeth Willis
	 	 	  Title:    Vice President
	 
	For any New Incremental Term Lender requiring a second signature line:
	 	 
	    by	 	 
	 	 	  

	 	 	 Name:
	 	 	 Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: FIRST TENNESSEE BANK NATIONAL ASSOCIATION
  

  

			
	 	 
	    by	 	 
	 	 	   /s/ TAMMY C. TROSCLAIR

	 	 	  Name:  Tammy C. Trosclair
	 	 	  Title:    Vice President
	  

For any New Incremental Term Lender requiring a second signature line:
  

	    by	 	 
	 	 	  

	 	 	 Name:
	 	 	 Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: PNC Bank, N.A.
  

  

			
	 	 
	    by	 	 
	 	 	   /s/ KENYA WILLIAMS

	 	 	  Name:  Kenya Williams
	 	 	  Title:    Senior Vice President
	 
	 For any New
Incremental Term Lender requiring a second signature line:
  

	    by	 	 
	 	 	  

	 	 	 Name:
	 	 	 Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 

 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: COMERICA BANK
  

  

			
	  

    by

	 	 	   /s/ FATIMA ARSHAD

	 	 	  Name:  Fatima Arshad
	 	 	  Title:    Vice President
	  

For any New Incremental Term Lender requiring a second signature line:
  

	    by	 	 
	 	 	  

	 	 	 Name:
	 	 	 Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 
 

 SIGNATURE PAGE TO THE INCREMENTAL ASSUMPTION AGREEMENT, DATED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE,
RELATING TO THE SECOND AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF JANUARY 9, 2015 (AS AMENDED BY AMENDMENT NO. 1 DATED AS OF MAY 28, 2015), OF CBRE SERVICES, INC.

 

  
 TO EXECUTE THIS AGREEMENT
AS A NEW INCREMENTAL TERM LENDER: 
  

	
	  

Name of Institution: HUA NAN COMMERCIAL BANK, LTD. NEW YORK AGENCY
  

  

			
	 	 
	    by	 	 
	 	 	   /s/ WEN TANG WANG

	 	 	  Name:  Wen Tang Wang
	 	 	  Title:    General Manager & Vice President
	  

For any New Incremental Term Lender requiring a second signature line:
  

	    by	 	 
	 	 	  

	 	 	 Name:
	 	 	 Title:

  
 [Signature Page to the
CBRE Services, Inc. Incremental Assumption Agreement] 

 EXHIBIT A-1 
  

			
		  	 INCREMENTAL TRANCHE B-1 TERM LOANS

 
 TERMS AND CONDITIONS

		
	 Joint Bookrunners
 and Joint
Lead
 Arrangers:
	  	Wells Fargo Securities, LLC and Credit Suisse Securities (USA) LLC.
		
	 Syndication
 Agent:
	  	Wells Fargo Securities, LLC.
		
	 Co-
 Documentation

Agents:
	  	Merrill Lynch, Pierce, Fenner & Smith Incorporated, U.S. Bank National Association, HSBC Bank USA, N.A. and MUFG Union Bank, N.A.
		
	 Applicable
 Percentage:
	  	 The “Applicable Percentage” shall mean, with respect to any Fixed Rate Incremental Tranche B-1 Term
Loan and Daily Rate Incremental Tranche B-1 Term Loan, at any time,
  

(i) if the U.S. Borrower has Investment Grade Status at such time, the applicable percentage set forth in the
“Ratings-based Grid” below under the caption “Fixed Rate Spread Incremental Tranche B-1 Term Loans” or “Daily Rate Spread Incremental Tranche B-1 Term Loans”, as the case may be, based upon the Credit Rating as of the
relevant date of determination, and (ii) if the U.S. Borrower does not have Investment Grade Status at such time, the applicable percentage set forth in the “Leverage-based Grid” below under the caption “Fixed Rate Spread Incremental
Tranche B-1 Term Loans” or “Daily Rate Spread Incremental Tranche B-1 Term Loans”, as the case may be, based upon the Leverage Ratio as of the relevant date of determination. Each change in the Applicable Percentage resulting from a
change in the Leverage Ratio shall be effective with respect to all applicable Incremental Tranche B-1 Term Loans outstanding on and after the date of delivery to the Administrative Agent of the financial statements and certificates required by
Section 5.04(a) or (b) and Section 5.04(c), respectively, of the Credit Agreement indicating such change until the date immediately preceding the next date of delivery of such financial statements and certificates indicating another such change.

 
 For purposes of the foregoing, (x) if
the Credit Ratings established or deemed to have been established by Moody’s, Fitch and S&P shall fall within different Categories, the Applicable Percentage shall be based on the Category in which the highest rating falls unless the two
highest ratings differ by two or more Categories, in which case the Applicable Percentage shall be based on the Category one level below the Category in which the

			
		  	 highest rating falls and (y) if the Credit Ratings established or deemed to have been established by
S&P, Fitch or Moody’s shall be changed (other than as a result of a change in the rating system of S&P, Fitch or Moody’s), such change shall be effective on the earlier of the date on which such change is publicly announced and the
date on which Holdings or any of its Subsidiaries receives written notice of such change. Each change in the Applicable Percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately
preceding the effective date of the next such change.
  

If the rating system of S&P, Fitch or Moody’s shall change, or if any rating agency shall cease to be in the
business of providing issuer or long-term debt ratings, as the case may be, the U.S. Borrower and the Administrative Agent shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings
from such rating agency and, pending the effectiveness of any such amendment, the Applicable Percentage shall be determined by reference to the rating of the other rating agencies (or, if the circumstances referred to in this sentence shall affect
two or more such rating agencies, the ratings most recently in effect prior to such changes or cessations).
  

Notwithstanding the foregoing, at any time (a) during which Holdings has failed to deliver the financial statements and
certificates required by Section 5.04(a) or (b) and Section 5.04(c), respectively, of the Credit Agreement the Leverage Ratio shall be deemed to be in the next highest Category (from the then-existing Category) for purposes of determining the
Applicable Percentages and (b) after the occurrence and during the continuance of an Event of Default, the Leverage Ratio shall be deemed to be in Category 1 for purposes of determining the Applicable Percentages and Investment Grade Status shall be
deemed not to exist.

  

															
		  	Ratings-based Grid  
	  	
	 	  	Category  	 	Corporate Credit Rating  
of U.S. 
Borrower  	 	Fixed Rate
Spread	 	Daily Rate
Spread	  	 
	 	  	  	 	  

S&P  
	 	  

Fitch  
	 	  

Moody’s  
	 	 Incremental  
Tranche B-

1 Term
 Loans
	 	 Incremental  
Tranche B-

1 Term
 Loans
	  	 
		  	  

Category  

1  
  
	 	  

3 A-  
	 	  

3 A-  
	 	  

A3
	 	  

0.95%
	 	  

0%
	  	
		  	  

Category  

2  
  
	 	  

BBB+  
	 	  

BBB+  
	 	  

Baa1
	 	  

1.05%
	 	  

0.05%
	  	
		  	  

Category  

3  
  
	 	  

BBB  
	 	  

BBB  
	 	  

Baa2
	 	  

1.15%
	 	  

0.15%
	  	
		  	  

Category  

4  
  
	 	  

BBB-  
	 	  

BBB-  
	 	  

Baa3
	 	  

1.25%
	 	  

0.25%
	  	

 Leverage-based Grid 

 

							
	Category    	 	Leverage
Ratio	 	
Fixed Rate  

Spread  
Incremental  
Tranche B-  

1 Term  
Loans  
	 	Daily Rate
Spread
Incremental
Tranche B-
1 Term
Loans
	  

Category 1    
	 	  

Greater than
 2.50 to 1.00

 
	 	1.85%	 	0.85%
	  

Category 2    
	 	  

Greater than
 2.00 to 1.00

but less than
 or equal
to
 2.50 to 1.00
  
	 	1.75%	 	0.75%
	  

Category 3    
	 	  

Greater than
 1.50 to 1.00

but less than
 or equal to

2.00 to 1.00
  
	 	1.625%	 	0.625%
	  

Category 4    
	 	  

Greater than
 1.00 to 1.00

but less than
 or equal to

1.50 to 1.00
  
	 	1.50%	 	0.50%
	  

Category 5    
	 	  

Equal to or

less than 1.00
 to
1.00
  
	 	1.375%	 	0.375%

			
	Prepayment Premium:	  	None.
		
	Upfront Fees:	  	 An upfront fee (the “B-1 Upfront Fee”) will be payable by the U.S. Borrower on the Effective Date to each
Incremental Tranche B-1 Term Lender.
  
 The B-1 Upfront Fee
will be paid on the actual allocated amount of the Incremental Tranche B-1 Commitment held by each Incremental Tranche B-1 Term Lender on the Effective Date (such Lender’s “B-1 Committed Amount”) based on the percentage set
forth below.

  

			
	  

B-1 Committed Amount  
  
	 	
B-1 Upfront Fee
  

	  

3 $20,000,000

 
	 	  

0.35%
  

	  

3 $10,000,000

 

< $20,000,000

 
	 	  

0.30%

	  

< $10,000,000

 
	 	  

0.25%
  

			
	Maturity Date:	  	 September 3, 2020 (the “Incremental Tranche B-1 Maturity Date”).

		
	Amortization:	  	 For purposes of Section 2.11(a)(iii) of the Credit Agreement, the U.S. Borrower shall pay to the Administrative Agent, for the account of the Incremental
Tranche B-1 Term Lenders, (i) on the last Business Day of each quarter (commencing with the last Business Day of the first full quarter to occur after the B-1 Funding Date), a principal amount of the Incremental Tranche B-1 Term Loans (as adjusted
from time to time pursuant to Sections 2.11(d), 2.12, 2.13(f) and 2.26(d) of the Credit Agreement) equal to .625%, 1.25%, 1.25%, 1.875% and 20% of the aggregate principal amount of the Incremental Tranche B-1 Term Loans outstanding on the B-1
Funding Date, in each of the first, second, third, fourth and fifth years following the Effective Date respectively and (ii) on the Incremental Tranche B-1 Maturity Date, the aggregate principal amount of the Incremental Tranche B-1 Term Loans
outstanding on such date. All payments of principal made pursuant to this paragraph shall be accompanied by accrued but unpaid interest on the principal amount to be paid to but excluding the date of such payment.

		
	 Future
 Incremental

Term Loans:
	  	 Section 2.26 of the Credit Agreement shall apply for the benefit of the Incremental Tranche B-1 Term Loans as if the Incremental Tranche B-1 Term Loans were the
Tranche A Loans referred to therein.

 EXHIBIT A-2 

INCREMENTAL TRANCHE B-2 TERM LOANS 

TERMS AND CONDITIONS 
  

			
	 Joint
 Bookrunners

and Joint Lead
 Arrangers:
	  	Wells Fargo Securities, LLC and Royal Bank of Scotland PLC.
		
	 Co-
 Syndication

Agents:
	  	Wells Fargo Securities, LLC and Royal Bank of Scotland PLC.
		
	 Co-
 Documentation

Agents:
	  	Mizuho Bank (USA) and PNC Bank, N.A.
		
	 Applicable
 Percentage:
	  	 The “Applicable Percentage” shall mean, with respect to any Fixed Rate Incremental Tranche B-2 Term
Loan and Daily Rate Incremental Tranche B-2 Term Loan, at any time,
  

(i) if the U.S. Borrower has Investment Grade Status at such time, the applicable percentage set forth in the
“Ratings-based Grid” below under the caption “Fixed Rate Spread Incremental Tranche B-2 Term Loans” or “Daily Rate Spread Incremental Tranche B-2 Term Loans”, as the case may be, based upon the Credit Rating as of the
relevant date of determination, and (ii) if the U.S. Borrower does not have Investment Grade Status at such time, the applicable percentage set forth in the “Leverage-based Grid” below under the caption “Fixed Rate Spread Incremental
Tranche B-2 Term Loans” or “Daily Rate Spread Incremental Tranche B-2 Term Loans”, as the case may be, based upon the Leverage Ratio as of the relevant date of determination. Each change in the Applicable Percentage resulting from a
change in the Leverage Ratio shall be effective with respect to all applicable Incremental Tranche B-2 Term Loans outstanding on and after the date of delivery to the Administrative Agent of the financial statements and certificates required by
Section 5.04(a) or (b) and Section 5.04(c), respectively, of the Credit Agreement indicating such change until the date immediately preceding the next date of delivery of such financial statements and certificates indicating another such change.

 
 For purposes of the foregoing, (x) if
the Credit Ratings established or deemed to have been established by Moody’s, Fitch and S&P shall fall within different Categories, the Applicable Percentage shall be based on the Category in which the highest rating falls unless the two
highest ratings differ by two or more Categories, in which case the Applicable Percentage shall be based on the Category one level below the Category in which the

			
		  	 highest rating falls and (y) if the Credit Ratings established or deemed to have been established by
S&P, Fitch or Moody’s shall be changed (other than as a result of a change in the rating system of S&P, Fitch or Moody’s), such change shall be effective on the earlier of the date on which such change is publicly announced and the
date on which Holdings or any of its Subsidiaries receives written notice of such change. Each change in the Applicable Percentage shall apply during the period commencing on the effective date of such change and ending on the date immediately
preceding the effective date of the next such change.
  

If the rating system of S&P, Fitch or Moody’s shall change, or if any rating agency shall cease to be in the
business of providing issuer or long-term debt ratings, as the case may be, the U.S. Borrower and the Administrative Agent shall negotiate in good faith to amend this definition to reflect such changed rating system or the unavailability of ratings
from such rating agency and, pending the effectiveness of any such amendment, the Applicable Percentage shall be determined by reference to the rating of the other rating agencies (or, if the circumstances referred to in this sentence shall affect
two or more such rating agencies, the ratings most recently in effect prior to such changes or cessations).
  

Notwithstanding the foregoing, at any time (a) during which Holdings has failed to deliver the financial statements and
certificates required by Section 5.04(a) or (b) and Section 5.04(c), respectively, of the Credit Agreement the Leverage Ratio shall be deemed to be in the next highest Category (from the then-existing Category) for purposes of determining the
Applicable Percentages and (b) after the occurrence and during the continuance of an Event of Default, the Leverage Ratio shall be deemed to be in Category 1 for purposes of determining the Applicable Percentages and Investment Grade Status shall be
deemed not to exist.

                       
 Ratings-based Grid 
  

													
	                        	 	Category  	 	  Corporate Credit Rating  
of U.S.
Borrower  	 	Fixed Rate  
Spread  	 	Daily Rate
Spread
	 	  	 	  

S&P
	 	  

Fitch
	 	  

Moody’s
	 	 Incremental  
Tranche
B-  
 2 Term  
Loans  
	 	 Incremental
Tranche
B-
 2 Term
Loans

		 	  

Category  

1  

 
	 	  

3 A-
	 	  

3 A-
	 	  

A3
	 	  

1.40%
	 	  

0.40%

		 	  

Category  

2  

 
	 	  

BBB+
	 	  

BBB+
	 	  

Baa1
	 	  

1.50%
	 	  

0.50%

		 	  

Category  

3  

 
	 	  

BBB
	 	  

BBB
	 	  

Baa2
	 	  

1.60%
	 	  

0.60%

		 	  

Category  

4  

 
	 	  

BBB-
	 	  

BBB-
	 	  

Baa3
	 	  

1.70%
	 	  

0.70%

 Leverage-based Grid 

 

							
	Category    	 	Leverage
Ratio	 	Fixed Rate
Spread
Incremental
Tranche B-2
Term
Loans	 	Daily
Rate
Spread
Incremental
Tranche B-2
Term Loans
	  

Category 1    
	 	  

Greater than
 2.50 to 1.00

 
	 	2.35%	 	1.35%
	  

Category 2    
	 	  

Greater than
 2.00 to 1.00

but less than
 or equal
to
 2.50 to 1.00
  
	 	2.25%	 	1.25%
	  

Category 3    
	 	  

Greater than
 1.50 to 1.00

but less than
 or equal to

2.00 to 1.00
  
	 	2.125%	 	1.125%
	  

Category 4    
	 	  

Greater than
 1.00 to 1.00

but less than
 or equal to

1.50 to 1.00
  
	 	2.00%	 	1.00%
	  

Category 5    
	 	  

Equal to or

less than 1.00
 to
1.00
  
	 	1.875%	 	0.875%

  

			
	 Prepayment
 Premium:
	  	 If, on or prior to the second anniversary of the Effective Date, a Repricing Transaction (as defined below) occurs, the U.S.
Borrower will pay a premium in an amount equal to (i) during the first year following the Effective Date, 2% of the principal amount of outstanding Incremental Tranche B-2 Term Loans subject to any Repricing Transaction and (ii) during the second
year following the Effective Date, 1% of the principal amount of outstanding Incremental Tranche B-2 Term Loans subject to any Repricing Transaction.
  

As used herein, “Repricing Transaction” shall mean (a) the incurrence by the U.S. Borrower of any seven-year term loans
(including, without limitation, any new or additional term loans under the Credit Agreement, whether incurred directly or by way of the conversion of Incremental Tranche B-2 Term Loans into a new class of replacement term loans under the Credit
Agreement) that are broadly marketed or syndicated to banks, financial institutions and/or other institutional lenders or investors in financings similar to the Incremental Tranche B-2 Term Loans provided for in the Credit Agreement (i) having an
Effective Yield (as defined below) for the respective indebtedness that is less than the Effective Yield for the Incremental Tranche B-2 Term Loans, but excluding debt incurred in connection with a Change in Control (or transaction that
if

			
		  	 consummated would constitute a Change in Control) or Transformative Acquisition (as defined below) and (ii) the proceeds of
which are used to prepay (or, in the case of a conversion, deemed to prepay or replace), in whole or in part, outstanding principal of Incremental Tranche B-2 Term Loans or (b) any effective reduction in the Effective Yield for the Incremental
Tranche B-2 Term Loans (e.g., by way of amendment, waiver or otherwise), except for a reduction in connection with a Change in Control (or transaction that if consummated would constitute a Change in Control) or Transformative Acquisition and, in
the case of any transaction under either clause (a) or clause (b) above, the primary purpose of which is to lower the Effective Yield on the Incremental Tranche B-2 Term Loans.

 
 As used herein, “Effective Yield”
shall mean, as to any indebtedness, the effective yield on such indebtedness as determined by the U.S. Borrower and the Administrative Agent in a manner consistent with generally accepted financial practices, taking into account the applicable
interest rate margins, any interest rate “floors” (the effect of which floors shall be determined in a manner set forth in the proviso below and assuming that, if interest on such indebtedness is calculated on the basis of a floating rate,
that the “LIBOR” component of such formula is included in the calculation of Effective Yield) or similar devices and all fees, including upfront or similar fees or OID (amortized over the shorter of (x) the remaining weighted average life
to maturity of such indebtedness and (y) the four years following the date of incurrence thereof) payable generally by the U.S. Borrower to lenders or other institutions providing such indebtedness, but excluding any arrangement fees, structuring
fees, or other similar fees payable in connection therewith that are not generally shared with the relevant lenders and, if applicable, ticking fees accruing prior to the funding of such indebtedness and customary consent fees for an amendment paid
generally to consenting lenders; provided that, with respect to any indebtedness that includes a “floor”, (a) to the extent that the Fixed Rate or Alternate Base Rate (without giving effect to any floors in such definitions), as
applicable, on the date that the Effective Yield is being calculated is less than such floor, the amount of such difference shall be deemed added to the interest rate margin for such indebtedness for the purpose of calculating the Effective Yield
and (b) to the extent that the Fixed Rate or Alternate Base Rate (without giving effect to any floors in such definitions), as applicable, on the date that the Effective Yield is being calculated is greater than such floor, then the floor shall be
disregarded in calculating the Effective Yield.
  
 As used
herein, “Transformative Acquisition” shall mean any acquisition by Holdings, the U.S. Borrower or any other Subsidiary that (i) is not permitted by the terms of the Loan Documents immediately prior to the consummation of such
acquisition or (ii) if permitted by the terms of the Loan Documents immediately prior to the consummation of such acquisition, would not provide Holdings, the U.S. Borrower and the other Subsidiaries with adequate flexibility under the Loan
Documents for the continuation and/or expansion of their combined operations following such consummation, as determined by the U.S.

			
		  	Borrower acting in good faith.
		
	Upfront Fees:	  	 An upfront fee (the “B-2 Upfront Fee”) will be payable by the U.S. Borrower on the Effective Date to each
Incremental Tranche B-2 Term Lender.
  
 The B-2 Upfront Fee
will be paid on the actual allocated amount of the Incremental Tranche B-2 Commitment held by each Incremental Tranche B-2 Term Lender on the Effective Date (such Lender’s “B-2 Committed Amount”) based on the percentage set
forth below.

  

			
	B-2 Committed Amount    	 	  

B-2 Upfront

Fee

	  
 3 $30,000,000          
  
	 	  

0.75%

	  
 3 $20,000,000          
  

< $30,000,000          

 
	 	  

0.60%

	  
 <
$20,000,000          
  
	 	  

0.50%
  

  

			
	Maturity Date:	  	 September 3, 2022 (the “Incremental Tranche B-2 Maturity Date”).

		
	Amortization:	  	 For purposes of Section 2.11(a)(iii) of the Credit Agreement, the U.S. Borrower shall pay to the Administrative Agent, for the account of the Incremental
Tranche B-2 Term Lenders, (i) on the last Business Day of each quarter (commencing with the last Business Day of the first full quarter to occur after the B-2 Funding Date), a principal amount of the Incremental Tranche B-2 Term Loans (as adjusted
from time to time pursuant to Sections 2.11(d), 2.12, 2.13(f) and 2.26(d) of the Credit Agreement) equal to .625%, 1.25%, 1.25%, 1.875%, 2.5%, 2.5% and 15% of the aggregate principal amount of the Incremental Tranche B-2 Term Loans outstanding on
the B-2 Funding Date, in each of the first, second, third, fourth, fifth, sixth and seventh years following the Effective Date respectively and (ii) on the Incremental Tranche B-2 Maturity Date, the aggregate principal amount of the Incremental
Tranche B-2 Term Loans outstanding on such date. All payments of principal made pursuant to this paragraph shall be accompanied by accrued but unpaid interest on the principal amount to be paid to but excluding the date of such
payment.

		
	Future Incremental Term Loans:	  	 Section 2.26 of the Credit Agreement shall apply for the benefit of the Incremental Tranche B-2 Term Loans as if the Incremental Tranche B-2 Term Loans were the
Tranche A Loans referred to therein.

 SCHEDULE I 

Subsidiary Guarantors 
 CBRE, Inc. 

CBRE Global Investors, Inc. 
 CBRE Global Investors, LLC 

CBRE Capital Markets of Texas, LP 
 CBRE Capital Markets, Inc.

 CBRE Clarion CRA Holdings, Inc. 
 CBRE Clarion REI
Holdings, Inc. 
 CBRE Government Services, LLC 
 CBRE/LJM
– Nevada, Inc. 
 CBRE Partner, Inc. 
 CBRE Technical
Services, LLC 
 CB/TCC, LLC 
 Trammell Crow Company, LLC 

 SCHEDULE II 

INCREMENTAL TRANCHE B-1 TERM LENDERS 
  

			
	  

Incremental Tranche B-1 Term Lender
	 	
    Incremental Tranche B-1    

Commitment
  

	 WELLS FARGO BANK, N.A.

 
	 	$20,000,000
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH

 
	 	$20,000,000
	 BANK OF AMERICA, N.A.

 
	 	$30,000,000
	 U.S. BANK NATIONAL ASSOCIATION

 
	 	$30,000,000
	 HSBC BANK USA, NATIONAL ASSOCIATION

 
	 	$30,000,000
	 JPMORGAN CHASE BANK, N.A.

 
	 	$10,000,000
	 MIZUHO BANK (USA)

 
	 	$20,000,000
	 ROYAL BANK OF SCOTLAND PLC

 
	 	$20,000,000
	 THE BANK OF NOVA SCOTIA

 
	 	$20,000,000
	 MUFG UNION BANK, N.A.

 
	 	$25,000,000
	 THE BANK OF NEW YORK MELLON

 
	 	$12,500,000
	 KEYBANK NATIONAL ASSOCIATION

 
	 	$15,000,000
	 BRANCH BANKING AND TRUST COMPANY

 
	 	$10,000,000
	 FIRST TENNESSEE BANK NATIONAL ASSOCIATION

 
	 	$7,500,000
	 TOTAL INCREMENTAL TRANCHE B-1
COMMITMENT
  
	 	$270,000,000

 SCHEDULE III 

INCREMENTAL TRANCHE B-2 TERM LENDERS 
  

			
	  

Incremental Tranche B-2 Term Lender
	 	
        Incremental Tranche B-2    
    
Commitment
  

	 WELLS FARGO BANK, N.A.

 
	 	$30,000,000
	 MIZUHO BANK (USA)

 
	 	$20,000,000
	 PNC BANK, N.A.

 
	 	$20,000,000
	 ROYAL BANK OF SCOTLAND PLC

 
	 	$20,000,000
	 THE BANK OF NOVA SCOTIA

 
	 	$7,500,000
	 THE BANK OF NEW YORK MELLON

 
	 	$7,500,000
	 COMERICA BANK

 
	 	$10,000,000
	 FIRST TENNESSEE BANK NATIONAL ASSOCIATION

 
	 	$7,500,000
	 HUA NAN COMMERCIAL BANK, LTD. NEW YORK AGENCY

 
	 	$7,500,000
	 TOTAL INCREMENTAL TRANCHE B-2
COMMITMENT
  
	 	$130,000,000EX-10.3

 Exhibit 10.3 

J. ALEXANDER’S HOLDINGS, LLC 

UNIT GRANT AGREEMENT 
 This
Unit Grant Agreement (this “Agreement”) is made as of                  , 2015 (the “Grant Date”) by J. Alexander’s Holdings, LLC,
a Delaware limited liability company (the “Company”), with Black Knight Advisory Services, LLC, a Delaware limited liability company (the “Grantee”). Capitalized terms not otherwise defined herein shall have the
meanings ascribed thereto in the Second Amended and Restated Limited Liability Company Agreement of the Company dated as of                  , 2015, as it may be amended
from time to time, or any successor agreement thereto (the “LLC Agreement”). 
 1. Grant of Units; Hurdle Amount.
The Company hereby grants to the Grantee, in connection with the Grantee’s performance of services to or for the benefit of the Company, 1,868,333 Class B Units (the “Units”), subject to the terms and conditions of this
Agreement (the “Award”), and the LLC Agreement. The Hurdle Amount applicable to the Units as of the date hereof is $[        ] million1.
The Hurdle Amount will be increased by the aggregate amount of all Capital Contributions made to the Company after the Grant Date. 
 2.
Vesting; Service Termination; Forfeiture. 
 (a) Vesting. Subject to the Grantee’s continued service to the Company
through the applicable vesting date, the Grantee shall vest in its Units at the rate of one-third of the Units on each of the first, second and third anniversaries of the Grant Date. 

(b) Accelerated Vesting. Notwithstanding the foregoing, all of the Units will become vested 100% immediately upon the
(i) consummation of a Sale of the Company, or (ii) the termination of the Management Agreement other than by the Company pursuant to Section 10(a)(i) or 10(a)(ii) thereof or by the Grantee pursuant to Section 10(b)(iii) thereof.
For purposes hereof “Sale of the Company” means the consummation of a transaction, whether in a single transaction or in a series of related transactions that are consummated contemporaneously (or consummated pursuant
to contemporaneous agreements), with any other Person or group of Persons on an arm’s-length basis, pursuant to which such Person or group of Persons (a) acquire (whether by merger, Unit or stock purchase, recapitalization, reorganization,
redemption, issuance of Units or stock or otherwise), directly or indirectly, more than fifty-percent (50%) of the voting power of J. Alexander’s or the Company or (b) acquire assets constituting all or substantially all of the assets
of J. Alexander’s or the Company and its Subsidiaries on a consolidated basis; provided, however, that in no event shall a Sale of the Company be deemed to include any transaction effected for the purpose of changing, directly or
indirectly, the domicile, form of organization or the organizational structure of J. Alexander’s or the Company. 
 (c) Termination
of Service - Unvested Units. Consistent with Section 3.5 of the LLC Agreement, upon the termination of the Management Agreement by the Company pursuant to Section 10(a)(i) or 10(a)(ii) thereof, or by the Grantee pursuant to
Section 10(b)(iii) thereof, all unvested Units shall be immediately and automatically cancelled and forfeited for no consideration. 

(d) Termination of Service - Vested Units. Upon any termination of the Management Agreement (for any reason or for no reason), the
Grantee shall have 90 days within which to effect an Exchange of the Vested Units for Common Stock pursuant to Article XII of the LLC Agreement. In the event the Grantee fails to effect such Exchange within 90 days following the termination of the
Management Agreement, all vested Units shall be immediately and automatically cancelled and forfeited for no consideration. 
  

	1 	To be equal to market cap of parent company, based on volume weighted average price over 5 days preceding date of agreement. 

 3. Allocations, Distributions; Puts, Calls and other rights. The Grantee’s
entitlement to allocations, distributions and other rights with respect to the vested and unvested Units, as applicable, are set forth in the LLC Agreement. In no event shall the Units be sold or otherwise disposed of within the six-month period (or
such other period as may be specified by the Company) following the date the Units vest (the “Holding Period”) to the extent such disposition of the Units during the Holding Period would cause the Award not to be classified as an
equity award under Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 718, Stock Compensation (or any applicable successor standards). 

4. Subject to Terms of LLC Agreement. As a further condition to the issuance of the Units pursuant to this Agreement, the Grantee shall
execute and deliver to the Company a copy of the LLC Agreement evidencing the Grantee’s status as a Class B Member. The Grantee acknowledges receipt of the LLC Agreement. 

5. Grantee’s Representations and Warranties. In connection with the grant of the Units hereunder, the Grantee hereby represents
and warrants to the Company that: 
 (a) The Grantee is acquiring the Units hereunder for the Grantee’s own account with the present
intention of holding such securities for investment purposes and that the Grantee has no intention of selling such securities in a public distribution in violation of the federal securities laws or any applicable state or foreign securities laws.
The Grantee acknowledges that the Units have not been registered under the Securities Act or applicable state or foreign securities laws and that the Units will be issued to the Grantee in reliance on exemptions from the registration requirements of
the Securities Act and applicable state and foreign statutes and in reliance on the Grantee’s representations and agreements contained herein. 

(b) The Grantee acknowledges that the Units are subject to the terms and provisions of the LLC Agreement, and acknowledges and consents to be
bound by such terms and provisions with respect to the Units, including, without limitation, the applicable provisions set forth in Article VIII (including the restrictions on transfers). 

(c) The Grantee has had an opportunity to ask the Company and its representatives questions and receive answers thereto concerning the terms
and conditions of the Units to be acquired by the Grantee hereunder and has had full access to such other information concerning the Company as the Grantee may have requested in making the Grantee’s decision to acquire the Units being issued
hereunder. 
 (d) The Grantee will not sell or otherwise transfer, assign, convey, exchange, mortgage, pledge, grant or hypothecate any
Units without registration under the Securities Act (and any applicable federal, state and foreign securities laws) or an exemption therefrom, and provided there exists such a registration or exemption, any such transfer of Units by the Grantee or
subsequent holders of Units will be in compliance with the provisions of this Agreement and the LLC Agreement. 
 (e) The Grantee has all
requisite legal capacity to carry out the transactions contemplated by this Agreement and the LLC Agreement, and the execution, delivery and performance by the Grantee of this Agreement and the LLC Agreement and all other agreements contemplated
hereby and thereby to which the Grantee is a party have been duly authorized by the Grantee. 
 (f) The Grantee has only relied on the
advice of, or has consulted with, the Grantee’s own legal, financial and tax advisors, and the determination of the Grantee to acquire the Units pursuant to this Agreement has been made by the Grantee independent of any statements or opinions
as to the advisability of such acquisition or as to the properties, business, prospects or condition (financial or otherwise) of the Company which may have been made or given by any other Person (including all Persons acquiring Units on the date
hereof) or by any agent or employee of such Person and independent of the fact that any other Person has decided to become a holder of Units. 

  
 2 

 6. Certificates; Legends. To the extent that the Units are certificated, the Managing
Member or such other escrow holder as the Managing Member may appoint shall retain physical custody of any certificate representing the Units issued hereunder until all of the restrictions imposed under this Agreement and the LLC Agreement with
respect to such Units expire or shall have been removed. In order to enforce the restrictions imposed upon the Units under this Agreement and the LLC Agreement, the Managing Member shall cause a legend or legends to be placed on any certificates
representing the Units that are still subject to restrictions under this Agreement or the LLC Agreement, which legend or legends shall make appropriate reference to the conditions imposed thereby. Nothing contained herein shall require the Managing
Member or the Company to certificate the fully vested Units. 
 7. Adjustments. If there shall occur any change with respect to the
outstanding Units by reason of any recapitalization, reclassification, unit split, reverse unit split or any merger, reorganization, consolidation, combination, spin-off or other similar change affecting the Units, the Managing Member shall, in the
manner and to the extent that it deems appropriate and equitable in its discretion, cause an adjustment to be made in the number of Units granted hereunder, the Hurdle Amount and any other terms hereunder that are affected by the event to the extent
necessary to prevent dilution or enlargement of the Grantee’s rights hereunder. 
 8. Administration. The Managing Member shall
have the power to interpret this Agreement and to adopt such rules for the administration, interpretation and application of this Agreement as are consistent therewith and to interpret, amend or revoke any such rules. All actions taken and all
interpretations and determinations made by the Managing Member in good faith shall be final and binding upon the Grantee, the Company and all other interested persons. 

9. Taxes. 
 (a) Tax
Election. The Grantee shall make an election with the United States Internal Revenue Service under Section 83(b) of the Code not later than 30 days after the Grant Date. A Section 83(b) election form is attached hereto as Exhibit
A. The Grantee shall deliver a copy of any such Section 83(b) election to the Company. 
 (b) No Guarantee of Tax Treatment.
Each Unit will be treated as a separate “profits interest” within the meaning of Rev. Proc. 93-27, 1993-2 C.B. 343 (such interest, a “Profits Interest”). Notwithstanding anything to the contrary, distributions to the
Grantee pursuant to Section 5.2 and 5.3 of the LLC Agreement shall be limited to the extent necessary so that the Profits Interest of the Grantee qualifies as a “profits interest” under Rev. Proc. 93-27, Award and LLC Agreement shall
be interpreted accordingly. In accordance with Rev. Proc. 2001-43, 2001-2 CB 191, the Company shall treat the Grantee as the owner of the Units underlying this Award from the Grant Date, and shall file its IRS Form 1065, and issue appropriate
Schedule K-1s to the Grantee allocating to the Grantee the Grantee’s distributive share of all items of income, gain, loss, deduction and credit associated with such Profits Interest as if it were fully vested. The Grantee agrees to take into
account such distributive share in computing the Grantee’s federal income tax liability for the entire period during which the Grantee holds the Award and/or Units. The Company and the Grantee will not claim a deduction (as wages, compensation
or otherwise) for the fair market value of the Profits Interest issued to the Grantee, either at the time of grant of the Award or at the time the Units becomes substantially vested. The undertakings contained in Section 3.4(a) of the LLC
Agreement shall be construed in accordance with Section 4 of Rev. Proc. 2001-43. The provisions of Section 3.4(a) of the LLC Agreement shall apply regardless of whether or not the Grantee files an election pursuant to Section 83(b) of
the Code. 
 10. Transferability. The Grantee may not transfer or assign, directly or indirectly, this Agreement or any Units other
than as provided under the LLC Agreement. Any purported assignment, transfer or grant by the Grantee, directly or indirectly, of this Agreement or any Units in contravention of this Agreement and the LLC Agreement shall be null and void. 

  
 3 

 11. Remedies. The parties hereto shall be entitled to enforce their rights under this
Agreement specifically, to recover damages by reason of any breach of any provision of this Agreement (including costs of enforcement) and to exercise all other rights existing in their favor. The parties hereto agree and acknowledge that money
damages may not be an adequate remedy for any breach of the provisions of this Agreement and that either party may in its sole discretion apply to any court of law or equity of competent jurisdiction for specific performance or injunctive relief
(without posting a bond or other security) in order to enforce or prevent any violation of the provisions of this Agreement. 
 12.
Governing Law. The Act shall govern all questions arising under this Agreement concerning the relative rights of the parties hereto. All other questions concerning the construction, validity and interpretation of this Agreement shall be
governed by and construed in accordance with the domestic laws of the State of Delaware applicable to contracts made and to be performed in the State of Delaware. The parties hereto hereby irrevocably and unconditionally submit to the exclusive
jurisdiction of any State or Federal court sitting in Nashville, TN over any suit, action or proceeding arising out of or relating to this Agreement. The parties hereby agree that service of any process, summons, notice or document by U.S.
registered mail addressed to any party shall be effective service of process for any action, suit or proceeding brought against a party in any such court. The parties hereto hereby irrevocably and unconditionally waive any objection to the laying of
venue of any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. The parties hereto agree that a final judgment in any
such suit, action or proceeding brought in any such court shall be conclusive and binding upon any party and may be enforced in any other courts to whose jurisdiction any party is or may be subject, by suit upon such judgment. 

13. Counterparts. This Agreement may be executed in any number of multiple counterparts, each of which shall be deemed to be an
original copy and all of which shall constitute one agreement, binding on all parties hereto. 
 14. Successors and Assigns. Subject
to the limitations set forth in this Agreement, this Agreement shall be binding upon, and inure to the benefit of the Company and its successors and assigns, the Grantee and any subsequent holder of the Units granted pursuant to this Agreement, and
the respective successors and assigns of each of them, so long as they hold the Units granted pursuant to this Agreement. 
 15. Entire
Agreement; Amendments and Waivers. This Agreement, together with the LLC Agreement constitutes the entire agreement between the parties hereto pertaining to the Units and fully supersedes any and all prior or contemporaneous agreements or
understandings between the parties hereto pertaining to the Units. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not expressly set forth in
this Agreement. This Agreement may not be amended except in an instrument in writing signed on behalf of each of the parties hereto and approved by the Managing Member. No amendment, supplement, modification or waiver of this Agreement shall be
binding unless executed in writing by the party to be bound thereby. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar), nor shall such waiver
constitute a continuing waiver unless otherwise expressly provided. 
 16. Severability. Whenever possible, each provision of this
Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or
unenforceable provision had never been contained herein. 
 17. Descriptive Headings. The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement. 
 18. No Right to Continued Service. Nothing in this
Agreement shall confer upon the Grantee any right to continue to provide services to or for the benefit of the Company or any of its Subsidiaries, or 

  
 4 

 
shall interfere with or restrict in any way the rights of the Company or any of its Subsidiaries, which are hereby expressly reserved, to terminate the services of the Grantee, at any time for
any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in a written agreement between the Company or any of its Subsidiaries, and the Grantee. 

19. Conformity to Securities Laws. The Grantee acknowledges that this Agreement and the grant of the Units hereunder is intended to
conform to the extent necessary with applicable federal and state securities laws and regulations. Notwithstanding anything herein to the contrary, the Units are granted only in such a manner as to conform to such laws, rules and regulations. To the
extent permitted by applicable law, this Agreement shall be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

20. Conflict between this Agreement and the LLC Agreement. In the event of a conflict between any term or provision contained herein
and a term or provision of the LLC Agreement, the applicable term and provision of the LLC Agreement will govern and prevail. 

[Signature Page Follows] 

  
 5 

 Executed as of the Grant Date. 

 

									
	J. ALEXANDER’S HOLDINGS, LLC	 		 	BLACK KNIGHT ADVISORY SERVICES, LLC
					
	By:	 	  
	 		 	By:	 	  

		 	Name:	 		 		 	Name:
		 	Title:	 		 		 	Title:

  
 [Signature Page to
Unit Grant Agreement] 

 Exhibit A 

Section 83(b) Election 
 The
undersigned taxpayer elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended (the “Code”), to include in gross income as compensation for services the excess (if any) of the fair market value of the
property described below over the amount paid for such property. 
  

	 	1.	The name, taxpayer identification number, address of the undersigned, and the taxable year for which this election is being made are: 

 

	 	a.	TAXPAYER’S NAME: Black Knight Advisory Services, LLC 

  

	 	b.	TAXPAYER’S SOCIAL SECURITY NUMBER: 

  

	 	c.	ADDRESS: 

  

	 	d.	TAXABLE YEAR: Calendar Year 2015 

  

	 	2.	The property that is the subject of this election is a limited liability company membership interest (the “Membership Interest”) consisting of 1,868,333 Class B Units of J. Alexander’s Holdings,
LLC (the “Company”). The Membership Interest is intended to be treated for federal income tax purposes by the Company and its members, including the undersigned, as a “profits interest” within the meaning of Revenue
Procedure 93-27 and Revenue Procedure 2001-43 (together, the “Revenue Procedures”) and other related official guidance promulgated by the Internal Revenue Service. Based on the Revenue Procedures, the undersigned believes that the
undersigned is not subject to tax upon receipt of the Membership Interest, either at the time of the grant of the Membership Interest or at the time or times when the Membership Interest will vest under the terms of the grant agreement. However, in
case it should be determined that any of the conditions necessary for the Revenue Procedures to apply have not been met and that the undersigned’s receipt of the Membership Interest or the vesting thereof is subject to tax under Section 83
of the Code, the undersigned is making this protective election to have the receipt of the Membership Interest taxed under the provisions of Section 83(b) of the Code at the time the undersigned acquired the Membership Interest.

  

	 	3.	The Membership Interest was transferred to the undersigned on                  , 2015 (the “Transfer Date”).

  

	 	4.	The Membership Interest is subject to the following restriction: the Membership Interest vests over a period of three (3) years from the Transfer Date, subject to (i) in part, the achievement of performance
criteria and (ii) in certain circumstances, the acceleration of vesting upon the termination of the Management Consulting Agreement between the undersigned and the Company. If the undersigned ceases to perform services to or for the benefit of
the Company and its subsidiaries prior to vesting, the unvested Membership Interest will automatically be forfeited and cancelled without any payment with respect thereto, unless the vesting of the Membership Interest is accelerated as a result of
such termination. 

  

	 	5.	The fair market value of the property (the Membership Interest) on the Transfer Date with respect to which the election is being made, determined without regard to any lapse restrictions and in accordance with Revenue
Procedure 93-27 = $0. 

  

	 	6.	The amount paid by the undersigned for the Membership Interest = $0. 

  

	 	7.	The amount to include in gross income = $0. 

 The undersigned taxpayer will: 
  

	 	•	 	Not later than 30 days after the Transfer Date shown in paragraph 3 above, file this election with the Internal Revenue Service office with which the taxpayer’s most recent Federal income tax return was filed.

  

	 	•	 	Provide copies of this election to (a) the person for whom the services are performed in connection with which the Membership Interest was transferred, and (b) the person to whom the Membership Interest was
transferred, if the recipient of the Membership Interest was not the person performing the services in connection with which the Membership Interest was transferred. 

 

	 	•	 	Include a copy of this election with his or her Federal income tax return for the taxable year in which the Membership Interest was transferred. 

 

									
	Date:	 	            , 2015	 		 	Black Knight Advisory Services, LLC
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	
		 		 		 	Title:

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