Document:

Exhibit

THE CHEFS’ WAREHOUSE, INC. 10-K

Exhibit 10.49

AMENDMENT   NO.  8 TO NOTE  PURCHASE   AND GUARANTEE   AGREEMENT

THIS     AMENDMENT      NO.     8      TO    NOTE     PURCHASE      AND    GUARANTEE AGREEMENT    (this  "Amendment")     is  made  as  of  February   26,  2016  by and  among   Dairyland   USA Corporation,    a  New   York   corporation    ("Dai1yland"),    The   Chefs'    Warehouse    Mid-Atlantic,    LLC,   a Delaware   limited  liability  company   ("CW  Mid-Atlantic"),    Bel  Canto  Foods,  LLC,  a New  York  limited liability  company  ("Bel  Canto"),   The  Chefs'   Warehouse   West  Coast,  LLC,  a Delaware   limited  liability company  ("CW  West  Coast"),  and  The  Chefs'   Warehouse   of Florida,  LLC,  a Delaware   limited  liability company  ("CW  Florida",  and together  with  Dairyland,  CW Mid-Atlantic,   Bel Canto and CW West Coast, the  "Issuers"),   each  of the  Guarantors   whose  names  appear  on the  signature  pages  hereto  (together  with the Issuers,  collectively,   the "Obligors"),   and each of the holders  of the Notes  whose  names appear  on the signature  pages  hereto  ( each a "Noteholder"   and collectively,  the "Noteholders").

WHEREAS,   the Obligors  and the Noteholders   are party to that certain  Note  Purchase  and Guarantee   Agreement   dated  as of April  17, 2013,  as amended  by that  certain  Amendment  No.  1      to Note Purchase   and  Guarantee   Agreement   dated  as  of July  23,  2014,  that  certain  Amendment   No.  2 to Note Purchase  and Guarantee  Agreement  dated  as of November  4, 2014, that certain  Amendment  No. 3  to Note Purchase  and Guarantee  Agreement  dated  as of December  3, 2014,  that certain  Amendment  No.  4 to Note Purchase  and Guarantee   Agreement  dated  as of January  9, 2015,  that certain  Supplemental   Note  Purchase and Guarantee  Agreement  and Amendment   Agreement  dated  as of April 6, 2015, that certain  Amendment No.  6 to Note  Purchase  and  Guarantee   Agreement   dated  as of July  1,   2015  and  that  certain  Waiver  and Amendment   No.  7  to Note  Purchase   and  Guarantee   Agreement   dated  as  of  December   18, 2015  (as  so amended    and   supplemented,    and   as  may   be  further   amended,   restated,   supplemented    or  otherwise modified   from  time  to time,  the  "Note  Purchase  Agreement"),   pursuant  to  which  the  Issuers  issued  and sold (i) $100,000,000   in aggregate   principal  amount  of their  Guaranteed   Senior  Secured  Notes  due April 17, 2023  (as  amended,   restated  or  otherwise   modified   from  time  to time  pursuant  to  Section   18  of the Note  Purchase  Agreement  and  including  any such notes  issued  in substitution  therefor  pursuant  to Section JJ. of the  Note  Purchase   Agreement,   the  "Series  A Notes"),  and  (ii)  $25,000,000   in aggregate   principal amount  of their  5.80%  Series  B Guaranteed   Senior  Secured  Notes  due  October   17, 2020  (as  amended, restated  or otherwise   modified  from  time  to time  pursuant  to Section  18 of the Note  Purchase  Agreement and  including  any  such  notes  issued  in substitution   therefor  pursuant  to  Section  13  of the Note  Purchase Agreement,  the "Series  B Notes";  and together  with the Series A Notes,  collectively,   the "Notes");

WHEREAS,    the  Obligors   have  requested   that  the  Required   Holders   agree  to  certain amendments   to the Note  Purchase  Agreement;

WHEREAS,    the   Obligors    and   the   Noteholders    have   so  agreed   on  the   terms   and conditions   set forth herein;

WHEREAS,   the Noteholders   constitute  the Required  Holders;

NOW,   THEREFORE,    in consideration    of  the  premises   set  forth  above,  the  terms  and conditions   contained   herein,  and  other  good  and  valuable   consideration,    the  receipt  and  sufficiency   of which   are  hereby   acknowledged,    the  Obligors   and  the  Noteholders    hereby   agree   to  enter   into  this Amendment.

1.          Definitions. All  capitalized   terms  used  herein  and  not  otherwise   defined  shall have the  meanings  provided  for in the Note  Purchase  Agreement.

2.           Amendments   to the Note  Purchase  Agreement.    Subject  to the satisfaction  of the conditions    precedent   set  forth   in  Section   3    below,   and  effective   as  of  the  date  such  conditions   are satisfied,  the parties  hereto  agree that the Note  Purchase  Agreement   is hereby  amended  as follows:

(a)          Section   10.2 of the Note  Purchase  Agreement   is hereby  amended  by (i) deleting the  "and"  at the  end  of clause  (p) thereof,  (ii)  adding  an "and"  at the  end  of clause  (q) thereof immediately   following  the";",    and  (iii) adding  the  following  new  clause  (r) thereto  immediately following  clause  ( q):

THE CHEFS’ WAREHOUSE, INC. 10-K

"(r)    Liens  representing   any interest  of a sub lessee arising  by virtue  of being granted  a sublease  permitted  by Section  10.5(i)."

(b)         Section   10.5 of the Note  Purchase  Agreement   is hereby  amended  by (i) deleting the  "and"  at the  end  of clause  (g) thereof,  (ii)  adding  an "and"  at the  end  of clause  (h) thereof immediately   following  the ";",  and  (iii) adding  the  following  new clause  (i) thereto  immediately following  clause  (h):

"(i)        subleases  entered  into  in the  ordinary  course  of business,  to the  extent  that they do not materially   interfere  with  the business  of the Company  and  its Subsidiaries  taken  as a whole."

(c)         The  definition   of "Fixed  Charges"   set forth  in Schedule  B to the Note  Purchase Agreement   is hereby  amended  by deleting  the phrase  "prepayments   ( other than  Excess  Cash Flow prepayments)   and"  set forth therein.

(d)         The   definition   of  "Prepayment    Event"   set  forth   in  Schedule   B  to  the  Note Purchase   Agreement    is  hereby   amended   by  adding   the  following   parenthetical    to  the  end  of clause  (a) thereof  immediately   following  the reference  to "Obliger"   and  immediately   prior to the ";":  "( other than  dispositions   described  in Section  10.5(i)".

3.           Conditions   of Effectiveness.     The  effectiveness   of this  Amendment   is subject  to the following  conditions   precedent,  each to be in form and substance  satisfactory  to the Noteholders:

(a)         each   Noteholder    shall   have   received   counterparts    of  this   Amendment    duly executed  by the Obligors  and the Noteholders;

(b)         each  Noteholder   shall  have  received  a fully  executed   copy  of an amendment   to the  Bank  Credit  Agreement,   which  amendment   shall  be substantially   in the  form  set forth  on Exhibit  A hereto  and in full force  and effect  (the "Bank  Amendment");   and

(c)         the  Noteholders   shall  have  received  payment  and/or  reimbursement   of their fees and  expenses   (including,   without   limitation,  all fees  and  expenses   of counsel  for the  Noteholders   to the extent  invoiced  in reasonable   detail on or prior to the date hereof)  in connection  with this Amendment  and the other  Financing  Documents.

4.           Representations    and Warranties   of the Obligors.    Each Obligor  hereby  represents and warrants  as follows:

(a)          This   Amendment     and   the   Note    Purchase    Agreement    as   modified    hereby constitute   legal, valid and  binding  obligations   of such Obligor  and are enforceable   against  such Obligor  in accordance   with  their  terms,  subject  to applicable   bankruptcy,   insolvency,   reorganization,   moratorium   or other  laws  affecting   creditors'    rights  generally   and  subject  to general  principles   of equity,  regardless  of whether  considered   in a proceeding   in equity  or at law.

(b)         As of the date  hereof,  immediately   before  and after  giving  effect  to the terms  of this Amendment,   (i) no Default  has occurred  and is continuing   and (ii) the representations   and warranties of the Obligors  set forth  in the Note  Purchase  Agreement,   as amended  hereby,  are true  and correct  in all material  respects  (except  that any representation   or warranty  that  is qualified  as to materiality  shall be true and  correct  in all respects),   it being  understood  and agreed  that  any  representation   or warranty  which  by its terms  expressly   relates  to  a specified   date  shall  be  required   to  be true  and  correct  only  as  of  such specified  date.

(c)         The  Lenders   and  administrative    agent   under  the  Bank  Amendment    have  not received   and will  not  receive  any  fee or consideration   in connection   with  the  Bank  Amendment   and the matters  covered  thereby.

5.           Confirmation    and  Ratification   of  Guaranteed    Obligations.      By  executing   this Amendment,   each of the Guarantors  hereby (a) consents  to this Amendment,  (b) acknowledges  that, notwithstanding   the  

THE CHEFS’ WAREHOUSE, INC. 10-K

execution   and delivery  of the Amendment,   the obligations   of each  of the Guarantors under  the  Guaranty  continue   in full  force  and  effect  and  are not  impaired  or affected,  and the  Guaranty continues   in  full  force   and  effect   and  shall  apply  to  the  Guaranteed   Obligations   as  amended   by  this Amendment,   and (c) affirms  and ratifies  the Guaranty,  any other  Financing  Document  executed  by it and the Guaranteed  Obligations   in all respects.

6.           Reference  to and Effect on the Note  Purchase  Agreement.

(a)          Upon  the effectiveness   hereof,  each reference  to the Note  Purchase  Agreement   in the Note  Purchase  Agreement   or any other  Financing  Document  shall mean and be a reference  to the Note Purchase  Agreement  as amended  hereby.

(b)          Each  Financing  Document   and  al I   other  documents,   instruments   and  agreements executed   and/or  delivered   in connection   therewith   shall  remain  in full  force  and  effect  and  are  hereby ratified  and confirmed.

(c)          Except   with  respect  to  the  subject   matter   hereof,   the  execution,   delivery   and effectiveness    of  this  Amendment    shall  not  operate   as  a waiver   of  any  right,  power  or  remedy  of  the Noteholders,    nor  constitute    a  waiver   of  any  provision   of  the  Note   Purchase   Agreement,    any  other Financing   Document   or  any  other  documents,   instruments   or  agreements   executed   and/or  delivered   in connection   therewith.

(d)         This  Amendment   constitutes   a "Financing   Document"   under  (and  as defined  in)
the Note  Purchase  Agreement.

7.           Release  of Claims.

(a)          Each  of the  Obligors,   on  behalf  of  itself  and  its  successors,   assigns,   and  other legal  representatives,    hereby   absolutely,   unconditionally    and  irrevocably   releases,   remises   and  forever discharges   the  Noteholders,    their   respective   successors   and  assigns,   and  their  respective   present   and former    shareholders,     affiliates,    subsidiaries,    divisions,    predecessors,     directors,    officers,    attorneys, employees,   agents  and other  representatives   (the Noteholders   and all such other  Persons  being  hereinafter referred  to collectively   as the  "Releasees"    and  individually   as a "Releasee"),   of and  from  all demands, actions,  causes  of action,  suits,  covenants,  contracts,  controversies,   agreements,  promises,  sums of money, accounts,   bills,  reckonings,    damages   and  any  and  all  other  claims,   counterclaims,    defenses,   rights  of setoff,  demands   and  liabilities   whatsoever   (individually,   a "Claim"   and  collectively,   "Claims")   of every name  and  nature,  known  or unknown,   suspected  or unsuspected,   both  at law and  in equity,  which  any of the  Obligors   or  any  of  their  respective   successors,   assigns,   or  other  legal  representatives    may  now  or hereafter  own,  hold, have or claim to have against  the Releasees  or any of them  for, upon, or by reason  of any  circumstance,   action,  cause  or thing  whatsoever   which  arises  at any time  on or prior  to the  day and date  of this Agreement,   in each  case  in connection   with the Note  Purchase  Agreement  or any of the other Financing  Documents   or transactions  thereunder  or related  thereto.

(b)         Each  of the  Obligors   understands,   acknowledges   and  agrees  that  the  release  set forth  above  may  be pleaded  as a full and complete  defense  and  may  be used  as a basis  for an injunction against  any action,  suit or other  proceeding  which  may be instituted,  prosecuted  or attempted   in breach  of the provisions  of such release.

8.           Governing  Law.  This Amendment   shall be construed  and enforced  in accordance with,  and the rights of the parties  hereto  shall  be governed  by, the law of the State of New York excluding choice  of law principles  that would  permit  the application  of the laws of a different jurisdiction.

9.           Headings.       Section    headings    in   this   Amendment    are   included   herein   for convenience   of reference  only and shall not constitute  a part of this Amendment   for any other  purpose.

10.         Counterparts.     This  Amendment   may  be executed   by one  or more  of the parties hereto  on any number  of separate  counterparts,   and all of said counterparts   taken  together  shall be deemed to constitute  one and the same  instrument.    Signatures  delivered  by facsimile  or PDF shall  have the same force  and effect  as manual  signatures  delivered  in person.
[Signature  Pages  Follow]

THE CHEFS’ WAREHOUSE, INC. 10-K

IN WITNESS  WHEREOF,  this Amendment  has been duly executed  as of the day and year first above written.

	
		
	ISSUERS:

	 

	DAIRYLAND  USA CORPORATION

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	THE CHEFS' WAREHOUSE MID-ATLANTIC,LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	BEL CANTO FOODS, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	THE CHEFS' WAREHOUSE WEST COAST, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	THE CHEFS' WAREHOUSE OF FLORIDA, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

[Chefs' Warehouse - Signature Page to Amendment No. 8 to Note Purchase and Guarantee Agreement]

THE CHEFS’ WAREHOUSE, INC. 10-K

	
		
	GUARANTORS:

	 

	THE CHEFS' WAREHOUSE, INC.

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	CHEFS' WAREHOUSE PARENT, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	MICHAEL'S FINER MEATS, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	MICHAEL'S FINER MEATS HOLDINGS, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	THE CHEFS' WAREHOUSE MIDWEST, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	THE CHEFS' WAREHOUSE PASTRY DIVISION, INC.

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

[Chefs' Warehouse - Signature Page to Amendment No. 8 to Note Purchase and Guarantee Agreement]

THE CHEFS’ WAREHOUSE, INC. 10-K

	
		
	QZ ACQUISITION (USA), INC.

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	QZINA SPECIALTY FOODS NORTH AMERICA (USA), INC.

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	QZINA SPECIALTY FOODS, INC., a Florida corporation

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	QZINA SPECIALTY FOODS, INC., a Washington corporation

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	QZINA SPECIALTY FOODS (AMBASSADOR), INC.

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	CW LV REAL ESTATE LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

[Chefs' Warehouse - Signature Page to Amendment No. 8 to Note Purchase and Guarantee Agreement]

THE CHEFS’ WAREHOUSE, INC. 10-K

	
		
	ALLEN BROTHERS 1893, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	THE GREAT STEAKHOUSE STEAKS, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	DEL MONTE CAPITOL MEAT COMPANY HOLDINGS, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

	
		
	DEL MONTE CAPITOL MEAT COMPANY, LLC

	 
	 

	By:
	/s/ John D. Austin

	Name:
	John D. Austin

	Title:
	CFO

[Chefs' Warehouse - Signature Page to Amendment No. 8 to Note Purchase and Guarantee Agreement]

THE CHEFS’ WAREHOUSE, INC. 10-K

	
		
	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA

	 
	 

	By:
	/s/ Matthew Douglass

	Name:
	Matthew Douglass

	Title:
	Vice President

	
		
	PRUCO LIFE INSURNACE COMPANY

	 
	 

	By:
	/s/ Matthew Douglass

	Name:
	Matthew Douglass

	Title:
	Assistant Vice President

	
			
	PRUDENTIAL ARIZONA REINSURANCE CAPTIVE COMPANY

	 
	 
	 

	By:
	 
	PGIM, INC., as investment manager

	 
	By:
	/s/ Matthew Douglass

	 
	Name:
	Matthew Douglass

	 
	Title:
	Vice President

	
			
	PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY

	 
	 
	 

	By:
	 
	PGIM, INC., as investment manager

	 
	By:
	/s/ Matthew Douglass

	 
	Name:
	Matthew Douglass

	 
	Title:
	Vice President

[Chefs' Warehouse - Signature Page to Amendment No. 8 to Note Purchase and Guarantee Agreement]

THE CHEFS’ WAREHOUSE, INC. 10-K

Exhibit A

Bank Amendment

 Exhibit A-1Exhibit

THE CHEFS’ WAREHOUSE, INC. 10-K
 

Exhibit 10.24(b)
THE CHEFS’ WAREHOUSE, INC.
RESTRICTED SHARE AWARD AGREEMENT
(Officers and Employees) 

THIS RESTRICTED SHARE AWARD AGREEMENT (this “Agreement”) is made and entered into as of the      day of     , 20     (the “Grant Date”), between The Chefs’ Warehouse, Inc., a Delaware corporation (together with its Subsidiaries, the “Company”), and          (the “Grantee”).  Capitalized terms not otherwise defined herein shall have the meaning ascribed to such terms in The Chefs’ Warehouse, Inc. 2011 Omnibus Equity Incentive Plan (the “Plan”).

WHEREAS, the Company has adopted the Plan, which permits the issuance of restricted shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”); and

WHEREAS, pursuant to the Plan, the Committee responsible for administering the Plan has granted an award of restricted shares to the Grantee as provided herein.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

1.Grant of Restricted Shares.

(a)    The Company hereby grants to the Grantee an award (the “Award”) of          shares of Common Stock of the Company (the “Shares” or the “Restricted Shares”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan.

(b)    The Grantee’s rights with respect to the Award shall remain forfeitable at all times prior to the dates on which the restrictions shall lapse in accordance with Sections 2 and 3 hereof.

2.    Terms and Rights as a Stockholder.

(a)    Except as otherwise provided herein and subject to such other exceptions as may be determined by the Committee in its discretion, the “Restricted Period” shall expire with respect to the following percentages of the Restricted Shares granted herein as set forth below:1 
Percentage of Restricted Shares          Date
    [ ]%                   [DATE]
    [ ]%                   [DATE]
    [ ]%                   [DATE]
                

1The vesting schedule is indicative and may vary from award to award.

            
(b)    The Grantee shall have all rights of a stockholder with respect to the Restricted Shares, including the right to receive dividends and the right to vote such Shares, subject to the following restrictions: 

(i)    the Grantee shall not be entitled to the removal of the restricted legends or restricted account notices or to delivery of the stock certificate (if any) for any Shares until the expiration of the Restricted Period as to such Shares and the fulfillment of any other restrictive conditions set forth herein; 

(ii)    none of the Restricted Shares may be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered or disposed of during the Restricted Period as to such Shares and until the fulfillment of any other restrictive conditions set forth herein; and 

(iii)    except as otherwise determined by the Committee at or after the grant of the Award hereunder, any Restricted Shares as to which the applicable “Restricted Period” has not expired (or other restrictive conditions have not been met) shall be forfeited, and all rights of the Grantee to such Shares shall terminate, without further obligation on the part of the Company, unless the Grantee remains in the continuous employment (or other service-providing capacity) of the Company for the entire Restricted Period applicable to such Shares.

(c)    Notwithstanding the foregoing, the Restricted Period shall automatically terminate as to all Restricted Shares awarded hereunder (as to which such Restricted Period has not previously terminated) in the following circumstances:

(i)    upon the termination of the Grantee’s employment from the Company which results from the Grantee’s death or Disability;

(ii)    immediately prior to a Change in Control; provided, that if this Award is assumed in the Change in Control transaction under the terms set forth in Section 13.3 of the Plan, the Restricted Period shall run according to the schedule set forth in Section 2(a) hereof except that in the event of the termination of the Grantee’s employment within one year following the Change in Control, if the Grantee’s employment with the Company (or its successor) is terminated by (A) the Grantee for Good Reason, or (B) the Company for any reason other than for Cause, the Restricted Period shall terminate with respect to 100% of the Shares.

Any Shares, any other securities of the Company and any other property (except for cash dividends) distributed with respect to the Restricted Shares shall be subject to the same restrictions, terms and conditions as such Restricted Shares.

3.    Termination of Restrictions.  Following the termination of the Restricted Period, and provided that all other restrictive conditions set forth herein have been met, all restrictions set forth in this Agreement or in the Plan relating to such portion or all, as applicable, of the Restricted Shares shall lapse as to such portion or all, as applicable, of the Restricted Shares, and a stock certificate 

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for the appropriate number of Shares, free of the restrictions and restrictive stock legend, shall, upon request, be delivered to the Grantee or Grantee’s beneficiary or estate, as the case may be, pursuant to the terms of this Agreement (or, in the case of book-entry Shares, such restrictions and restricted stock legend shall be removed from the confirmation and account statements delivered to the Grantee in book-entry form).

4.    Delivery of Shares.

(a)    As of the date hereof, certificates representing the Restricted Shares may be registered in the name of the Grantee and held by the Company or transferred to a custodian appointed by the Company for the account of the Grantee subject to the terms and conditions of the Plan and shall remain in the custody of the Company or such custodian until their delivery to the Grantee or Grantee’s beneficiary or estate as set forth in Sections 4(b) and (c) hereof or their forfeiture or reversion to the Company as set forth in Section 2(b) hereof.  The Committee may, in its discretion, provide that the Grantee’s ownership of Restricted Shares prior to the lapse of any transfer restrictions or any other applicable restrictions shall, in lieu of such certificates, be evidenced by a “book entry” (i.e., a computerized or manual entry) in the records of the Company or its designated agent in accordance with and subject to the applicable provisions of the Plan.

(b)    If certificates shall have been issued as permitted in Section 4(a) above, certificates representing Restricted Shares in respect of which the Restricted Period has lapsed pursuant to this Agreement shall be delivered to the Grantee upon request following the date on which the restrictions on such Restricted Shares lapse.

(c)    If certificates shall have been issued as permitted in Section 4(a) above, certificates representing Restricted Shares in respect of which the Restricted Period lapsed upon the Grantee’s death shall be delivered to the executors or administrators of the Grantee’s estate as soon as practicable following the receipt of proof of the Grantee’s death satisfactory to the Company.

(d)    Any certificate representing Restricted Shares shall bear (and confirmation and account statements sent to the Grantee with respect to book-entry Shares may bear) a legend in substantially the following form or substance:

THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF WITHOUT REGISTRATION UNDER THE SECURITES ACT OF 1933 AND UNDER APPLICABLE BLUE SKY LAW OR UNLESS SUCH SALE, TRANSFER, PLEDGE OR OTHER DISPOSITION IS EXEMPT FROM REGISTRATION THEREUNDER.

THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE AND RESTRICTIONS AGAINST TRANSFER) CONTAINED IN THE CHEFS’ WAREHOUSE, INC. 2011 OMNIBUS EQUITY INCENTIVE PLAN (THE “PLAN”) AND THE RESTRICTED SHARE AWARD AGREEMENT (THE 

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“AGREEMENT”) BETWEEN THE OWNER OF THE RESTRICTED SHARES REPRESENTED HEREBY AND THE CHEFS’ WAREHOUSE, INC. (THE “COMPANY”).  THE RELEASE OF SUCH SHARES FROM SUCH TERMS AND CONDITIONS SHALL BE MADE ONLY IN ACCORDANCE WITH THE PROVISIONS OF THE PLAN AND THE AGREEMENT AND ALL OTHER APPLICABLE POLICIES AND PROCEDURES OF THE COMPANY, COPIES OF WHICH ARE ON FILE AT THE COMPANY.

5.    Effect of Lapse of Restrictions.  To the extent that the Restricted Period applicable to any Restricted Shares shall have lapsed, the Grantee may receive, hold, sell or otherwise dispose of such Shares free and clear of the restrictions imposed under the Plan and this Agreement upon compliance with applicable legal requirements.

6.    No Right to Continued Employment.  This Agreement shall not be construed as giving the Grantee the right to be retained in the employ of the Company, and subject to any other written contractual arrangement between the Company and the Grantee, the Company may at any time dismiss the Grantee from employment, free from any liability or any claim under the Plan.

7.    Adjustments.  The Committee may make equitable and proportionate adjustments in the terms and conditions of, and the criteria included in, this Award in recognition of unusual or nonrecurring events (and shall make adjustments for the events described in Section 4.2 of the Plan) affecting the Company or the financial statements of the Company or of changes in applicable laws, regulations, or accounting principles in accordance with the Plan whenever the Committee determines that such events affect the Shares.  Any such adjustments shall be effected in a manner that precludes the material enlargement of rights and benefits under this Award.

8.    Amendment to Award.  Subject to the restrictions contained in the Plan, the Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate the Award, prospectively or retroactively; provided that any such waiver, amendment, alteration, suspension, discontinuance, cancellation or termination that would materially and adversely affect the rights of the Grantee or any holder or beneficiary of the Award shall not to that extent be effective without the consent of the Grantee, holder or beneficiary affected.

9.    Withholding of Taxes.  If the Grantee makes an election under Section 83(b) of the Code with respect to the Award, the Award made pursuant to this Agreement shall be conditioned upon the prompt payment to the Company of any applicable withholding obligations or withholding taxes by the Grantee (“Withholding Taxes”).  Failure by the Grantee to pay such Withholding Taxes will render this Agreement and the Award granted hereunder null and void ab initio and the Restricted Shares granted hereunder will be immediately cancelled.  If the Grantee does not make an election under Section 83(b) of the Code with respect to the Award, upon the lapse of the Restricted Period with respect to any portion of Restricted Shares (or property distributed with respect thereto), the Company may satisfy the required Withholding Taxes as set forth by Internal Revenue Service guidelines for the employer’s minimum statutory withholding with respect to the Grantee and issue vested shares to the Grantee without restriction.  The Company may satisfy the required Withholding 

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Taxes by withholding from the Shares included in the Award that number of whole shares necessary to satisfy such taxes as of the date the restrictions lapse with respect to such Shares based on the Fair Market Value of the Shares, or by requiring the Grantee to remit to the Company the proper Withholding Taxes in cash.

10.    Plan Governs.  The Grantee hereby acknowledges receipt of a copy of (or electronic link to) the Plan and agrees to be bound by all the terms and provisions thereof.  The terms of this Agreement are governed by the terms of the Plan, and in the case of any inconsistency between the terms of this Agreement and the terms of the Plan, the terms of the Plan shall govern.

11.    Severability.  If any provision of this Agreement is, or becomes, or is deemed to be invalid, illegal, or unenforceable in any jurisdiction or as to any Person or the Award, or would disqualify the Plan or Award under any laws deemed applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award, and the remainder of the Plan and Award shall remain in full force and effect.

12.    Notices.  All notices required to be given under this Award shall be deemed to be received if delivered or mailed as provided for herein, to the parties at the following addresses, or to such other address as either party may provide in writing from time to time.

To the Company:        The Chefs’ Warehouse, Inc.
100 East Ridge Road
Ridgefield, CT 06877
Attn:  Corporate Secretary

		
	To the Grantee:
	The address then maintained with respect to the Grantee in the Company’s records.

13.    Governing Law.  The validity, construction and effect of this Agreement shall be determined in accordance with the laws of the State of Delaware without giving effect to conflicts of laws principles.

14.    Successors in Interest.  This Agreement shall inure to the benefit of and be binding upon any successor to the Company.  This Agreement shall inure to the benefit of the Grantee’s legal representatives.  All obligations imposed upon the Grantee and all rights granted to the Company under this Agreement shall be binding upon the Grantee’s heirs, executors, administrators and successors.

15.    Resolution of Disputes.  Any dispute or disagreement which may arise under, or as a result of, or in any way related to, the interpretation, construction or application of this Agreement shall be determined by the Committee.  Any determination made hereunder shall be final, binding and conclusive on the Grantee and the Company for all purposes.

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IN WITNESS WHEREOF, the parties have caused this Restricted Share Award Agreement to be duly executed effective as of the day and year first above written.

THE CHEFS’ WAREHOUSE, INC.

By: ______________________________________

GRANTEE: 

__________________________________________

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