Document:

Exhibit

THE CHEFS’ WAREHOUSE, INC. 10-Q

SECOND AMENDMENT TO CREDIT AGREEMENT

This SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated as of September 1, 2017, by and among DAIRYLAND USA CORPORATION, a New York corporation (“Dairyland”), CHEFS’ WAREHOUSE PARENT, LLC, a Delaware limited liability company (together with Dairyland, the “Borrowers”), THE CHEFS’ WAREHOUSE, INC., a Delaware corporation (“Holdings”), the other Loan Parties party hereto, the Lenders party hereto and Jefferies Finance LLC, as administrative agent for the Lenders (in such capacity, the “Administrative Agent”) and as collateral agent for the Secured Parties (in such capacity, the “Collateral Agent” or, as Administrative Agent or Collateral Agent, the “Agent”).

W I T N E S S E T H:

WHEREAS, the Borrowers, Holdings, the other Loan Parties party thereto, certain Lenders party thereto and the Agent, among others, are parties to that certain Credit Agreement, dated as of June 22, 2016 (as the same may be amended by this Amendment and as otherwise amended, restated, amended and restated, supplemented or modified from time to time, the “Credit Agreement”);

WHEREAS, the Borrowers have requested that the Lenders amend, and the Lenders party hereto (collectively, the “Second Amendment Consenting Lenders”) have agreed to so amend, the Credit Agreement in the manner set forth in Section 2 hereof;

WHEREAS, the Agent and the Second Amendment Consenting Lenders are willing, on the terms and subject to the conditions set forth below, to enter into the amendments, modifications and agreements set forth in this Amendment.

NOW,  THEREFORE, in  consideration  of the premises  and  the mutual  agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:

1.         Defined Terms. Unless otherwise defined herein, capitalized terms used herein shall have the respective meanings ascribed thereto in the Credit Agreement.

2.         Amendments.  Subject to the satisfaction of the conditions precedent set forth in Section 4 below, the Loan Parties, the Second Amendment Consenting Lenders and the Agent hereby agree as follows:

a)        Section 1.01 of the Credit Agreement is hereby amended by adding the following defined term in correct alphabetical order:

“Insurance Subsidiary” has the meaning assigned to such term in Section 6.04(s).

b)        Section 1.01 of the Credit Agreement is hereby amended by amending and restating the following defined term to read in its entirety as follows: 

THE CHEFS’ WAREHOUSE, INC. 10-Q

“Excluded Subsidiary” means each of (i) Dairyland HP, so long as such entity is a single purpose real estate holding entity and an obligor under the New Markets Tax Credit Financing and (ii) any Insurance Subsidiaries (including any trust established by any such Insurance Subsidiary as grantor pursuant to applicable insurance regulations).

c)        The definition of “Pledge Subsidiary” set forth in Section 1.01 of the Credit Agreement is hereby amended to replace the phrase “the Excluded Subsidiary” with “any Excluded Subsidiary”.

d)        Section 5.09 of the Credit Agreement is hereby amended by amending and restating the first sentence thereof to read as follows:

Each Loan Party will, and will cause each Subsidiary to, maintain with financially sound and reputable third-party carriers having a financial strength rating of at least A- by A.M. Best Company (a) insurance in such amounts and against such risks (including loss or damage by fire and loss in transit; theft, burglary, pilferage, larceny, embezzlement, and other criminal activities; business interruption; and general liability) and such other hazards, in each case, after giving effect to any self-insurance programs, as is customarily maintained by companies of established repute engaged in the same or similar businesses operating in the same or similar locations and (b) all insurance required pursuant to the Collateral Documents; provided that Holdings, the Borrowers and their Subsidiaries  may  self-insure  to  the  extent  consistent  with  prudent  business practice.

e)        Section 5.13 of the Credit Agreement is hereby amended to replace the words  “and  Dairyland  HP  at  such  time that  Dairyland  HP  no  longer constitutes  an Excluded Subsidiary” appearing in the first sentence of subsection (a) thereof with “and any Excluded Subsidiary at such time that it no longer constitutes an Excluded Subsidiary”.

f)         Section 6.01(g) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

(g) Indebtedness (i) owed to any Person providing workers’ compensation, health,  disability or other employee benefits  or property,  casualty or liability insurance, pursuant to reimbursement or indemnification obligations to such Person, and (ii) consisting of the financing of insurance premiums, in each case, incurred in the ordinary course of business;

g)        Section  6.02  of  the  Credit  Agreement  is  hereby  amended  to  add  the following new clause (s) thereto immediately prior to existing clause (s) thereof (and to make any related punctuation and grammatical changes as a result thereof):

(s)       Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto; and

THE CHEFS’ WAREHOUSE, INC. 10-Q

h)        Section  6.04  of  the  Credit  Agreement  is  hereby  amended  to  add  the following new clauses (s) and (t) thereto (and to make any related punctuation and grammatical changes as a result thereof):

(s)       (i) any investment in fixed income or other assets by any Subsidiary that is a so-called “captive” insurance company (each, an “Insurance Subsidiary”) in connection with its provision of insurance to Holdings, the Borrowers or any of their Subsidiaries, which investment is made in the
ordinary course of business or consistent with industry practice of such Insurance Subsidiary or by reason of applicable law, rule, regulation or order, or that is required or approved by any regulatory authority having jurisdiction over such Insurance Subsidiary or its business, as applicable (including, without limitation, any such investments held by a trust established by such Insurance Subsidiary as grantor pursuant to applicable insurance regulations), (ii) to the extent the same constitutes investments, insurance arrangements provided by
any Insurance Subsidiary (including any trust established by any such Insurance Subsidiary as grantor pursuant to applicable insurance regulations) to Holdings or any of its Subsidiaries and (iii) investments by any Insurance Subsidiary in any trust established by such Insurance Subsidiary as grantor pursuant to applicable insurance regulations; and

(t)        (i) investments in Insurance Subsidiaries in an aggregate amount not to exceed $11,750,000 (as valued at cost at the time each such investment is made) and (ii) additional investments in Insurance Subsidiaries to the extent (x) reasonably necessary (as determined in good faith by the Borrower Representative) in connection with the Insurance Subsidiaries’ providing self- insurance to the Borrowers and their Subsidiaries or (y) required by Requirements of Law in connection with the provision of such insurance; provided that the aggregate amount of any investments described in clause (ii) of this Section 6.04(t) that shall have been made in any applicable fiscal period shall be disclosed in the Financials Certificate delivered pursuant to Section
5.01(c) in respect of such fiscal period.

i)         Section 6.09 of the Credit Agreement is hereby amended by amending and restating clause (c) therein to read in its entirety as follows:

(c) (i) transactions involving Insurance Subsidiaries and/or trusts established by Insurance Subsidiaries, including, without limitation, investments in Insurance Subsidiaries and/or trusts established by Insurance Subsidiaries, that are not prohibited by the terms of this Agreement and the other Loan Documents and (ii) other transactions that are expressly permitted by the terms of this Agreement and the other Loan Documents,

3.         Representations and Warranties.   In order to induce the other parties hereto to enter into this Amendment in the manner provided herein, each Loan Party represents and warrants to the other parties hereto that the following statements are true and correct: 

THE CHEFS’ WAREHOUSE, INC. 10-Q

a)        each  of  the  representations  and  warranties  contained  in  the  Loan Documents are true and correct in all material respects (provided that any representation or warranty that is qualified by materiality or Material Adverse Effect shall be true and correct in all respects) on and as of the Second Amendment Date except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (or, in the case of any representation or warranty qualified by materiality or Material Adverse Effect, in all respects) on and as of such earlier date; and

b)        as  of  the  date  hereof  and  immediately  after  giving  effect  to  this
Amendment, no Default or Event of Default has occurred and is continuing.

4.         Conditions to Effectiveness.  The effectiveness of this Amendment is subject to the satisfaction of the following conditions (the date on which all such conditions are so satisfied is referred to herein as the “Second Amendment Date”):

a)        the Agent shall have received a certificate, dated the Second Amendment Date, executed by the President, a Vice President or a Financial Officer of the Borrower Representative, certifying that, as of the Second Amendment Date, (i) that the representations and warranties contained in this Amendment and the other Loan Documents are true and correct in all material respects (provided that any representation or warranty that is qualified by materiality or Material Adverse Effect shall be true and correct  in  all  respects)  on  and  as  of  such  date  except  to  the  extent  that  such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects (or, in the case of any representation or warranty qualified by materiality or Material Adverse Effect, in all respects) on and as of such earlier date; (ii) that as of the Second Amendment Date and immediately after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing; and  (iii)  this  Amendment  is  effected  in  accordance  with  the  terms  of  the  Credit Agreement, the ABL Loan Documents and the Intercreditor Agreement;

b)        Holdings and the Borrowers shall have paid to the Agent all costs and expenses due and payable under this Amendment;

c)        the  Agent  shall  have  received  counterparts  of  this  Amendment  duly executed by Holdings, the Borrowers, each other Loan Party, the Administrative Agent and Lenders constituting the Required Lenders; and

d)        the   Agent   shall   have   received   an   executed   copy   of   that   certain Amendment No. 1 to Credit Agreement, dated as of the date hereof, by and among the Borrowers,  JPMorgan  Chase  Bank,  N.A.,  as  administrative  agent,  the  lenders  party thereto and the other persons party thereto.

5.         GOVERNING LAW AND WAIVER OF JURY TRIAL.

(a)  This Amendment shall be governed by, and construed in accordance with, the laws of the State of New York without regard to conflict of law principles (other than sections 5-1401 and 5-1402 of the New York General Obligations Law). 

THE CHEFS’ WAREHOUSE, INC. 10-Q

(b)  To the fullest extent permitted by applicable law, each Loan Party hereby irrevocably submits to the exclusive jurisdiction of any New York State court or federal court sitting in the County of New York and the Borough of Manhattan in respect of any claim, suit, action  or proceeding arising out  of or relating  to  the provisions  of this  Amendment  and irrevocably agree that all claims in respect of any such claim, suit, action or proceeding may be heard and determined in any such court and that service of process therein may be made by certified mail, postage prepaid, to your address set forth above.   Each Loan Party hereby waives, to the fullest extent permitted by applicable law, any objection that it may now or hereafter have to the laying of venue of any such claim, suit, action or proceeding brought in any such court, and any claim that any such claim, suit, action or proceeding brought in any such court has been brought in an inconvenient forum.   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 Amendment shall affect any right that the Agent or any Lender may otherwise have to bring any action or proceeding relating to this Amendment against any Loan Party or its properties in the courts of any jurisdiction.

(c)  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 Amendment in any court referred to in paragraph (b) of this Section.  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.

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

(e) EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT  PERMITTED  BY  APPLICABLE  LAW,  ANY  RIGHT  IT  MAY  HAVE  TO  A TRIAL  BY  JURY  IN  ANY  LEGAL  PROCEEDING  DIRECTLY  OR  INDIRECTLY ARISING   OUT   OF   OR   RELATING   TO   THIS   AMENDMENT,   THE   CREDIT AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR  ANY  OTHER  THEORY).    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 AMENDMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

6.         Counterparts; Integration; Effectiveness.   This Amendment 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. This Amendment constitutes the entire contract among the parties relating to the subject matter hereof and  supersede any and  all  previous  agreements  and  understandings,  oral  or written, relating to the subject matter 

THE CHEFS’ WAREHOUSE, INC. 10-Q

hereof.   This Amendment shall become effective on the Second Amendment Date.   Except as provided in Section 4, this Amendment shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the  parties  hereto  and  their  respective  successors  and  assigns.    Delivery  of  an  executed counterpart of a signature page of this Amendment by telecopy, e-mailed .pdf or any other electronic  means  that  reproduces  an  image  of  the  actual  executed  signature  page  shall  be effective as delivery of a manually executed counterpart of this Amendment.   The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to any document to be signed in connection with this Amendment and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal  Electronic Signatures  in  Global  and  National  Commerce  Act,  the New  York  State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that nothing herein shall require the Administrative Agent to accept electronic signatures in any form or format without its prior written consent.

7.         Reference to and Limited Effect on the Credit Agreement and the Other Loan
Documents.

a)        On and after the Second Amendment Date, (x) each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and (B) each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof”, “therein” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement after giving effect to this Amendment.

b)        Except as specifically amended by this Amendment, the Credit Agreement and each of the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.

c)        The execution, delivery and performance of this Amendment shall not constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the Agent or Lender under, the Credit Agreement or any of the other Loan Documents.

d)        Each Loan Party hereby (i) ratifies, confirms and reaffirms its liabilities, its payment and performance obligations (contingent or otherwise) and its agreements under  the  Credit  Agreement  and  the  other  Loan  Documents  and  (ii)  acknowledges, ratifies and confirms that such liabilities, obligations and agreements constitute valid and existing Obligations under the Credit Agreement, in each case, to the extent such Loan Party is  a  party thereto.  In  addition,  each  Loan  Party hereby ratifies,  confirms  and reaffirms (i) the liens and security interests granted, created and perfected under the 

THE CHEFS’ WAREHOUSE, INC. 10-Q

Collateral Documents and any other Loan Documents and (ii) that each of the Collateral Documents to which it is a party remain in full force and effect notwithstanding the effectiveness of this Amendment.  Without limiting the generality of the foregoing, each Loan  Party further  agrees  (A)  that  any reference  to  “Obligations”  contained  in  any Collateral Documents shall include, without limitation, the “Obligations” as such term is defined in the Credit Agreement (as amended by this Amendment) and (B) that the related guarantees and grants of security contained in such Collateral Documents shall include and extend to such Obligations. This Amendment shall not constitute a modification of the Credit Agreement, except as specified under Section 2 hereto, or a course of dealing with the Agent or any Lender at variance with the Credit Agreement such as to require further notice by the Agent or any Lender to require strict compliance with the terms of the Credit Agreement and the other Loan Documents in the future, except as expressly set forth herein. This Amendment contains the entire agreement among the Loan Parties and the Second Amendment Consenting Lenders contemplated by this Amendment.  No Loan Party has any knowledge of any challenge to the Agent’s or any Lender’s claims arising under the Loan Documents or the effectiveness of the Loan Documents.   The Agent and Lenders reserve all rights, privileges and remedies under  the  Loan  Documents.  Nothing  in  this  Amendment  is  intended,  or  shall  be construed, to constitute a novation or an accord and satisfaction of any of the Obligations or to modify, affect or impair the perfection, priority or continuation of the security interests in, security titles to or other Liens on any Collateral for the Obligations.

e)        Each Loan Party hereby acknowledges that it has reviewed the terms and provisions of this Amendment and consents to the amendment of the Credit Agreement effected pursuant to this Amendment.

f)         Each Loan Party that is not a Borrower acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Loan Party is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Loan Document shall be deemed to require the consent of such Loan Party to any future amendments to the Credit Agreement.

g)        The parties hereto acknowledge and agree that, for all purposes under the Credit Agreement and the other Loan Documents, this Amendment constitutes a “Loan Document” under and as defined in the Credit Agreement.

8.         Expenses. The Borrowers and Holdings agree, jointly and severally, to pay on demand all reasonable out-of-pocket costs and expenses incurred by the Agent in connection with  the  preparation,  negotiation  and  execution  of  this  Amendment,  including,  without limitation, all attorney costs.

9.         Severability.  Any provision of any this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability

THE CHEFS’ WAREHOUSE, INC. 10-Q

of the remaining provisions thereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

10.       Headings. Section headings used herein are for convenience of reference only, are not  part  of  this  Amendment  and  shall  not  affect  the  construction  of,  or  be  taken  into consideration in interpreting, this Amendment.

11.       Conflicts.  In the event of any conflict between the terms of this Amendment and the terms of the Credit Agreement or any of the other Loan Documents, the terms of this Amendment shall govern.

[SIGNATURE PAGES FOLLOW] 

THE CHEFS’ WAREHOUSE, INC. 10-Q

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

	
			
	CHEFS' WAREHOUSE PARENT, LLC,

	as a Borrower

	 
	 
	 

	 
	 
	 

	By
	 
	/s/ Alexandros Aldous

	 
	Name:
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	DAIRYLAND USA CORPORATION,

	as a Borrower

	 
	 
	 

	 
	 
	 

	By
	 
	/s/ Alexandros Aldous

	 
	Name:
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	ALLEN BROTHERS 1893, LLC

	 
	 

	 
	 
	 

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	Name:
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	BEL CANTO FOODS, LLC

	 
	 
	 

	 
	 
	 

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	Name:
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	CHEFS' WAREHOUSE PARENT, LLC

	 
	 
	 

	 
	 
	 

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	Name:
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	CW LV REAL ESTATE, LLC

	 
	 
	 

	 
	 
	 

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	DAIRYLAND USA CORPORATION

	 
	 
	 

	 
	 
	 

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	Name:
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	DEL MONTE CAPITOL MEAT COMPANY HOLDINGS, LLC

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	DEL MONTE CAPITOL MEAT COMPANY, LLC

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	MICHAEL'S FINER MEATS HOLDINGS, LLC

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	MICHAEL'S FINER MEATS, LLC

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	QZ ACQUISTION (USA), INC.

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	QZINA SPECIALTY FOODS (AMBASSADOR), INC.

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	QZINA SPECIALTY FOODS NORTH AMERICA (USA), Inc.

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	QZINA SPECIALTY FOODS, INC.

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	QZINA SPECIALTY FOODS, INC.

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	QZINA SPECIALTY FOODS, INC.

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	THE CHEFS' WAREHOUSE MIDWEST, LLC

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	THE CHEFS' WAREHOUSE OF FLORIDA, LLC

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	THE CHEFS' WAREHOUSE PASTRY DIVISION, INC.

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	THE CHEFS' WAREHOUSE WEST COAST, LLC

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	THE CHEFS' WAREHOUSE, INC.

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	THE GREAT STEAKHOSUE STEAKS, LLC

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	FELLS POINT, LLC

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

	
			
	FELLS POINT HOLDINGS, LLC

	 
	 
	 

	By:
	 
	/s/ Alexandros Aldous

	 
	 
	Alexandros Aldous

	 
	Title:
	General Counsel and Corporate Secretary

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	JEFFERIES FINANCE, LLC

	as Administrative Agent and as Collateral Agent

	 
	 
	 

	By:
	 
	/s/ J. Paul McDonnell

	 
	 
	J. Paul McDonnell

	 
	Title:
	Managing Director

	
			
	1828 CLO Ltd.,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	A Voce CLO, Ltd.,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	AG Diversified Income Master Fund, L.P.,

	as a Lender

	By: Angelo, Gordon & Co., L.P., as Fund Advisor

	 
	 
	 

	By:
	 
	/s/ Maureen D'Alleva

	 
	 
	Maureen D'Alleva

	 
	Title:
	Authorized Signatory

	
			
	American General Life Insurance Company,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	American Home Assurance Company,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Annisa CLO, Ltd.,

	as a Lender

	By:Invesco RR Fund L.P. as Collateral Manager

	By: Invesco RR Associates LLC, as general partner

	By: Invesco Senior Secured Management, Inc. as sole member

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Egan, Kevin

	 
	Title:
	Authorized Individual

	
			
	Betony CLO, Ltd.,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Blue Cross and Blue Shield of Florida, Inc.,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Blue Hill, CLO, Ltd.,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	BOC Pension Investment Fund,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Attorney in Fact

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Chevron Master Pension Trust,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	City of New York Group Trust,

	as a Lender

	By: The Comptroller of the City of New York

	By: Guggenheim Partners Investment Management, LLC as Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	CLC Leveraged Loan Trust,

	as a Lender

	By: Challenger Life Nominees PTY Limited as Trustee

	By: Guggenheim Partners Investment Management, LLC as Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Crestline Denali CLO XIV, LTD.,

	as a Lender

	By: Crestline Denali Capital, L.P., collateral manager for Crestline Denali CLO XIV, LTD.

	 
	 
	 

	By:
	 
	/s/ Nicole Kouba

	 
	 
	Nicole Kouba

	 
	Title:
	Vice President

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	DENALI CAPITAL CLO XI, LTD.,

	as a Lender

	By: Crestline Denali Capital, L.P., collateral manager for DENALI CAPITAL CLO XI, LTD.

	 
	 
	 

	By:
	 
	/s/ Nicole Kouba

	 
	 
	Nicole Kouba

	 
	Title:
	Vice President

	
			
	Denali Capital CLO XII, Ltd.,

	as a Lender

	By: Crestline Denali Capital, L.P., collateral manager for DENALI CAPITAL CLO XII, LTD.

	 
	 
	 

	By:
	 
	/s/ Nicole Kouba

	 
	 
	Nicole Kouba

	 
	Title:
	Vice President

	
			
	Diversified Credit Portfolio Ltd.,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Adviser

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	EAF ComPlan II  - Private Debt,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Asset Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Fortress Credit BSL II, Limited,

	as a Lender

	By: FC BSL II CM LLC, its collateral manager

	 
	 
	 

	By:
	 
	/s/ Avraham Dreyfuss

	 
	 
	Avraham Dreyfuss

	 
	Title:
	Chief Financial Officer

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	FDF I Limited,

	as a Lender

	By: FDF I CM LLC, its collateral manager

	 
	 
	 

	By:
	 
	/s/ Avraham Dreyfuss

	 
	 
	Avraham Dreyfuss

	 
	Title:
	Chief Financial Officer

	
			
	FDF I Limited,

	as a Lender

	By: FDF I CM LLC, its collateral manager

	 
	 
	 

	By:
	 
	/s/ Avraham Dreyfuss

	 
	 
	Avraham Dreyfuss

	 
	Title:
	Chief Financial Officer

	
			
	FDF II Limited,

	as a Lender

	By: FDF II CM LLC, its collateral manager

	 
	 
	 

	By:
	 
	/s/ Avraham Dreyfuss

	 
	 
	Avraham Dreyfuss

	 
	Title:
	Chief Financial Officer

	
			
	FORTRESS CREDIT BSL LIMITED,

	as a Lender

	By: FC BSL CM LLC, its collateral manager

	 
	 
	 

	By:
	 
	/s/ Avraham Dreyfuss

	 
	 
	Avraham Dreyfuss

	 
	Title:
	Chief Financial Officer

	
			
	Fortress Credit Opportunities VI CLO Limited,

	as a Lender

	By: FCO VI CLO CM LLC, its collateral manager

	 
	 
	 

	By:
	 
	/s/ Avraham Dreyfuss

	 
	 
	Avraham Dreyfuss

	 
	Title:
	Chief Financial Officer

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	GGH Leveraged Loan Fund, A Series Trust of MYL Global Investment Trust,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Trinh, Kaitlin

	 
	Title:
	Authorized Person

	
			
	Guggenheim Strategic Opportunities Fund,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Guggenheim U.S. Loan Fund II,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Guggenheim U.S. Loan Fund III,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Halcyon Loan Advisors Funding 2012-2, Ltd.,

	as a Lender

	By:Halcyon Loan Advisors 2012-2 LLC as collateral manager

	 
	 
	 

	By:
	 
	/s/ David Martino

	 
	 
	David Martino

	 
	Title:
	Controller

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Halcyon Loan Advisors Funding 2013-1 Ltd.,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ David Martino

	 
	 
	David Martino

	 
	Title:
	Controller

	
			
	Halcyon Loan Advisors Funding 2013-2 LTD.,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ David Martino

	 
	 
	David Martino

	 
	Title:
	Controller

	
			
	Halcyon Loan Advisors Funding 2013-2 LTD.,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ David Martino

	 
	 
	David Martino

	 
	Title:
	Controller

	
			
	Halcyon Loan Advisors Funding 2014-1, Ltd.,

	as a Lender

	By: Halcyon Loan Advisors 2014-1 LLC as collateral manager

	 
	 
	 

	By:
	 
	/s/ David Martino

	 
	 
	David Martino

	 
	Title:
	Controller

	
			
	Halcyon Loan Advisors Funding 2014-2, Ltd.,

	as a Lender

	By: Halcyon Loan Advisors 2014-2 LLC as collateral manager

	 
	 
	 

	By:
	 
	/s/ David Martino

	 
	 
	David Martino

	 
	Title:
	Controller

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Halcyon Loan Advisors Funding 2014-3, Ltd.,

	as a Lender

	By: Halcyon Loan Advisors 2014-3 LLC as collateral manager

	 
	 
	 

	By:
	 
	/s/ David Martino

	 
	 
	David Martino

	 
	Title:
	Controller

	
			
	Halcyon Loan Advisors Funding 2015-1, Ltd.,

	as a Lender

	By: Halcyon Loan Advisors 2015-1 LLC as collateral manager

	 
	 
	 

	By:
	 
	/s/ David Martino

	 
	 
	David Martino

	 
	Title:
	Controller

	
			
	Halcyon Loan Advisors Funding 2015-2, Ltd.,

	as a Lender

	By: Halcyon Loan Advisors 2015-2 LLC as collateral manager

	 
	 
	 

	By:
	 
	/s/ David Martino

	 
	 
	David Martino

	 
	Title:
	Controller

	
			
	Halcyon Loan Advisors Funding 2017-1, Ltd.,

	as a Lender

	By: Halcyon Loan Advisors A LLC as collateral manager

	 
	 
	 

	By:
	 
	/s/ David Martino

	 
	 
	David Martino

	 
	Title:
	Controller

	
			
	Hamilton Finance, LLC,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Sub-Advisor

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Hildene CLO I Ltd,

	as a Lender

	By: CF H-BLS MANAGEMENT LLC, its Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Avraham Dreyfuss

	 
	 
	Avraham Dreyfuss

	 
	Title:
	Chief Financial Officer

	
			
	Hildene CLO II Ltd,

	as a Lender

	By: CF H-BLS MANAGEMENT LLC, its Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Avraham Dreyfuss

	 
	 
	Avraham Dreyfuss

	 
	Title:
	Chief Financial Officer

	
			
	Hildene CLO III Ltd,

	as a Lender

	By: CF H-BLS MANAGEMENT LLC, its Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Avraham Dreyfuss

	 
	 
	Avraham Dreyfuss

	 
	Title:
	Chief Financial Officer

	
			
	Hildene CLO IV Ltd,

	as a Lender

	By: CF H-BLS MANAGEMENT LLC, its Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Avraham Dreyfuss

	 
	 
	Avraham Dreyfuss

	 
	Title:
	Chief Financial Officer

	
			
	Invesco BL Fund, ltd.,

	as a Lender

	By: Invesco Management S.A. As Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Invesco Dynamic Credit Opportunities Fund,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Sub-advisor

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Invesco Floating Rate Fund,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Sub-Adviser

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Invesco Leveraged Loan Fund 2016 A Series Trust of Global Multi Portfolio Investment, Trust,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Invesco Polaris US Bank Loan Fund,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Invesco Senior Income Trust,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Sub-advisor

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Invesco Senior Loan Fund,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Sub-advisor

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Invesco US Senior Loans 2012, L.P.,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Invesco Zodiac Funds - Invesco US Senior Loan Fund,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Ivy Apollo Multi-Asset Income Fund,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ Chad Gunther

	 
	 
	Chad Gunther

	 
	Title:
	Sr. Vice President

	
			
	Ivy Apollo Strategic Income Fund,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ Chad Gunther

	 
	 
	Chad Gunther

	 
	Title:
	Sr. Vice President

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Ivy VIP High Income,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ Chad Gunther

	 
	 
	Chad Gunther

	 
	Title:
	Sr. Vice President

	
			
	Ivy High Income Fund,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ Chad Gunther

	 
	 
	Chad Gunther

	 
	Title:
	Sr. Vice President

	
			
	Ivy High Income Opportunities Fund,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ Chad Gunther

	 
	 
	Chad Gunther

	 
	Title:
	Sr. Vice President

	
			
	James River Insurance Company

	as a Lender

	By: Angelo, Gordon & Co., L.P. as Investment Manger

	 
	 
	 

	By:
	 
	/s/ Maureen D'Alleva

	 
	 
	Maureen D'Alleva

	 
	Title:
	Authorized Signatory

	
			
	JFIN CLO 2013 LTD.,

	as a Lender

	By: Apex Credit Partners LLC, as Portfolio Manager

	 
	 
	 

	By:
	 
	/s/ Andrew Stern

	 
	 
	Andrew Stern

	 
	Title:
	Managing Director

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	JFIN CLO 2014-II LTD.,

	as a Lender

	By: Apex Credit Partners LLC, as Portfolio Manager

	 
	 
	 

	By:
	 
	/s/ Andrew Stern

	 
	 
	Andrew Stern

	 
	Title:
	Managing Director

	
			
	JFIN CLO 2015 LTD.,

	as a Lender

	By: Apex Credit Partners LLC, as Portfolio Manager

	 
	 
	 

	By:
	 
	/s/ Andrew Stern

	 
	 
	Andrew Stern

	 
	Title:
	Managing Director

	
			
	Jefferies Finance LLC,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ Brian Buoye

	 
	 
	Brian Buoye

	 
	Title:
	Managing Director

	
			
	JFIN MM CLO 2014 LTD.,

	as a Lender

	By: Apex Credit Partners LLC, as Portfolio Manager

	 
	 
	 

	By:
	 
	/s/ E. Joseph Hess

	 
	 
	E. Joseph Hess

	 
	Title:
	Managing Director

	
			
	JFIN CLO 2014 LTD.,

	as a Lender

	By: Apex Credit Partners LLC, as Portfolio Manager

	 
	 
	 

	By:
	 
	/s/ Andrew Stern

	 
	 
	Andrew Stern

	 
	Title:
	Managing Director

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Apex Credit CLO 2015-II LTD.,

	as a Lender

	By: Apex Credit Partners, its Asset Manager

	 
	 
	 

	By:
	 
	/s/ Andrew Stern

	 
	 
	Andrew Stern

	 
	Title:
	Managing Director

	
			
	Apex Credit CLO 2016 LTD.,

	as a Lender

	By: Apex Credit Partners LLC, its Asset Manager

	 
	 
	 

	By:
	 
	/s/ Andrew Stern

	 
	 
	Andrew Stern

	 
	Title:
	Managing Director

	
			
	Apex Credit CLO 2017 LLC

	as a Lender

	By: Apex Credit Partners LLC, as Asset Manager

	 
	 
	 

	By:
	 
	/s/ Andrew Stern

	 
	 
	Andrew Stern

	 
	Title:
	Managing Director

	
			
	JRG Reinsurance Company, Ltd.,

	as a Lender

	By: Angelo, Gordon & Co., L.P. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Maureen D'Alleva

	 
	 
	Maureen D'Alleva

	 
	Title:
	Authorized Signatory

	
			
	Kaiser Foundation Hospitals

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Kaiser Foundation Health Plan, Inc., as named fiduciary of the Kaiser Permanente Group Trust,

	as a Lender

	By: Angelo, Gordon & Co., L.P. As Investment Manager

	 
	 
	 

	By:
	 
	/s/ Maureen D'Alleva

	 
	 
	Maureen D'Alleva

	 
	Title:
	Authorized Signatory

	
			
	Kaiser Permanente Group Trust, 

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Kapitalforeningen Investin Pro, US Leveraged Loans I,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	JEFFERIES LEVERAGED CREDIT PRODUCTS, LLC

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ William P. McLoughlin

	 
	 
	William P. McLoughlin

	 
	Title:
	Senior Vice President, Authorized Signatory

	
			
	Lexington Insurance Company,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Limerock CLO II, Ltd.,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Limerock CLO III, Ltd.,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Linde Pension Plan Trust,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	MidOcean Credit CLO II,

	as a Lender

	By: MidOcean Credit Fund Management LP, as Portfolio Manager

	By: Ultramar Credit Holdings, Ltd., its General Partner

	 
	 
	 

	By:
	 
	/s/ Jim Wiant

	 
	 
	Jim Wiant

	 
	Title:
	Managing Director

	
			
	MidOcean Credit CLO III,

	as a Lender

	By: MidOcean Credit Fund Management LP, as Portfolio Manager

	By: Ultramar Credit Holdings, Ltd., its General Partner

	 
	 
	 

	By:
	 
	/s/ Jim Wiant

	 
	 
	Jim Wiant

	 
	Title:
	Managing Director

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	MidOcean Credit CLO IV,

	as a Lender

	By: MidOcean Credit Fund Management LP, as Portfolio Manager

	By: Ultramar Credit Holdings, Ltd., its General Partner

	 
	 
	 

	By:
	 
	/s/ Jim Wiant

	 
	 
	Jim Wiant

	 
	Title:
	Managing Director

	
			
	MidOcean Credit CLO V,

	as a Lender

	By: MidOcean Credit Fund Management LP, as Portfolio Manager

	By: Ultramar Credit Holdings, Ltd., its General Partner

	 
	 
	 

	By:
	 
	/s/ Jim Wiant

	 
	 
	Jim Wiant

	 
	Title:
	Managing Director

	
			
	MidOcean Credit CLO VI,

	as a Lender

	By: MidOcean Credit Fund Management LP, as Portfolio Manager

	By: Ultramar Credit Holdings, Ltd., its General Partner

	 
	 
	 

	By:
	 
	/s/ Jim Wiant

	 
	 
	Jim Wiant

	 
	Title:
	Managing Director

	
			
	National Union Fire Insurance Company of Pittsburgh, Pa.,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	North End CLO, Ltd,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	NORTHWOODS CAPITAL X, LIMITED,

	as a Lender

	By: Angelo, Gordon & Co., LP as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Maureen D'Alleva

	 
	 
	Maureen D'Alleva

	 
	Title:
	Authorized Signatory

	
			
	NORTHWOODS CAPITAL XI, LIMITED,

	as a Lender

	By: Angelo, Gordon & Co., LP as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Maureen D'Alleva

	 
	 
	Maureen D'Alleva

	 
	Title:
	Authorized Signatory

	
			
	NORTHWOODS CAPITAL XII, LIMITED,

	as a Lender

	By: Angelo, Gordon & Co., LP as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Maureen D'Alleva

	 
	 
	Maureen D'Alleva

	 
	Title:
	Authorized Signatory

	
			
	NORTHWOODS CAPITAL XIV, LIMITED,

	as a Lender

	By: Angelo, Gordon & Co., LP as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Maureen D'Alleva

	 
	 
	Maureen D'Alleva

	 
	Title:
	Authorized Signatory

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	PensionDanmark Pensionsforsikringsaktieselskab,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Recette CLO, Ltd.,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Egan, Kevin

	 
	Title:
	Authorized Individual

	
			
	Riserva CLO, Ltd,

	as a Lender

	By: Invesco RR Fund L.P. as Collateral Manager

	By: Invesco RR Associates LLC, as general partner

	By: Invesco Senior Secured Management, Inc. as sole member

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Egan, Kevin

	 
	Title:
	Authorized Individual

	
			
	Salem Fields CLO, Ltd.,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Ivy Global Investors High Income Fund,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ Chad Gunther

	 
	 
	Chad Gunther

	 
	Title:
	Sr. Vice President

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Sentry Insurance a Mutual Company

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Sub-Advisor

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	Seven Sticks CLO Ltd.,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC, as Collateral Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Shriners Hospitals for Children,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC, as Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Sonoma County Employee's Retirement Association,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC, as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Katilin Trinh

	 
	 
	Katilin Trinh

	 
	Title:
	Authorized Person

	
			
	Steele Creek CLO 2014-1, LTD.,

	as a Lender

	By: Steele Creek Investment Management LLC

	 
	 
	 

	By:
	 
	/s/ Michael Audino

	 
	 
	Michael Audino

	 
	Title:
	Senior Analyst

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	Steele Creek CLO 2015-1, LTD.,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ Michael Audino

	 
	 
	Michael Audino

	 
	Title:
	Senior Analyst

	
			
	Steele Creek CLO 2016-1, LTD.,

	as a Lender

	 

	 
	 
	 

	By:
	 
	/s/ Michael Audino

	 
	 
	Michael Audino

	 
	Title:
	Senior Analyst

	
			
	Swiss capital Pro Loan III Plc,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Investment Advisor

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Swiss Capital Pro Loan V Plc,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Investment Advisor

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

	
			
	Swiss capital Pro Loan VIII Plc,

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Investment Advisor

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
	Kaitlin Trinh

	 
	Title:
	Authorized Person

[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
	The City of New York Group Trust,

	as a Lender

	By: Invesco Senior Secured Management, Inc. as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kevin Egan

	 
	 
	Kevin Egan

	 
	Title:
	Authorized Individual

	
			
	The Society Incorporated By Lloyd's Act 1871 By The Name of Lloyd's

	as a Lender

	By: Guggenheim Partners Investment Management, LLC as Investment Manager

	 
	 
	 

	By:
	 
	/s/ Kaitlin Trinh

	 
	 
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[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]

THE CHEFS’ WAREHOUSE, INC. 10-Q

	
			
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[SIGNATURE PAGE TO SECOND AMENDMENT TO CREDIT AGREEMENT]akba-ex101_154.htm

CONFIDENTIAL

 

Exhibit 10.1

 

Dr. Shigekazu Nakajima

General Manager, Business Development Department

Mitsubishi Tanabe Pharma Corporation

 

	
Re:
	
Section 8.02(c) of the Collaboration Agreement By and Between Akebia Therapeutics, Inc. and Mitsubishi Tanabe Pharma Corporation

 

Dear Mr. Shigekazu Nakajima,

 

This letter agreement (this “Letter Agreement”) is in reference to the Collaboration Agreement dated December 11, 2015 by and between Akebia Therapeutics, Inc., a company organized and existing under the laws of the State of Delaware, United States of America with its principal offices at 245 First Street, Cambridge, MA 02142 (“Akebia”), and Mitsubishi Tanabe Pharma Corporation, a company organized and existing under the laws of Japan, having a registered office located at 3-2-10 Dosho-machi, Cho-ku, Osaka, Japan (“MTPC”) (and such agreement, the “Collaboration Agreement”).  

 

This Letter Agreement sets forth the agreement and understanding between Akebia and MTPC with respect to Section 8.02(c) of the Collaboration Agreement.  For reference, Section 8.02(c) states as follows:  “[***], the Parties shall discuss in good faith, and include in the Development Plan, the consideration to be paid by Licensee for use of, or reference to, [***].”  

 

Specifically, the parties hereby agree to the following points of clarification with respect to Section 8.02(c) and certain other provisions of the Collaboration Agreement:

 

	
 
	
1.
	
For purposes of Section 8.02(c), the [***] shall be limited to the [***]. 

 

	
 
	
2.
	
For purposes of Section 8.02(c), [***] shall mean data relating to (i) [***].  Such [***] shall exclude adverse events, serious adverse events, adverse drug reactions, vital signs and clinical laboratory values and negative data.  

 

	
 
	
3.
	
For the purposes of Section 8.02(c), as clarified herein, [***] shall mean data that (i) [***] or (ii) [***] in subjects dosed with Licensed Product as compared to subjects receiving the comparator drug in the [***].

 

The details of the [***] will be specified in the [***].  

 

“Statistically significant” shall mean the lower bound of [***].  For example, if the [***].

 

	
 
	
4.
	
For purposes of Section 8.02(c), [***] shall mean:  

 

	
 
	
(a)
	
if the clinical data is described and submitted to PMDA by Licensee in [***] to obtain regulatory approval in Japan, either in the [***], or

	
 
	
(b)
	
if the clinical data is described and submitted to PMDA by Licensee in [***] of the JNDA submission, either in the [***]. 

 

	
 
	
5.
	
If the clinical data is used to obtain Regulatory Approval as set forth in Section 4(a) above, the consideration to be paid by Licensee in accordance with Section 8.02(c) shall be as follows:

 

	
 
	
(a)
	
If the clinical data used is from [***]

	
 
	
(b)
	
If the clinical data used is from [***]

	
 
	
(c)
	
If the clinical data used is from [***]

[***] Portions of this exhibit have been redacted pursuant to a confidential treatment request.  An unredacted version of this exhibit has been filed separately with the Commission.

CONFIDENTIAL

 

 

	
 
	
6.
	
If the clinical data is used to obtain Regulatory Approval as set forth in Section 4(b) above, the consideration to be paid by Licensee in accordance with Section 8.02(c) shall be as follows:

 

	
 
	
(a)
	
If the clinical data used is from [***]

	
 
	
(b)
	
If the clinical data used is from [***]

	
 
	
(c)
	
If the clinical data used is from [***]

 

	
 
	
7.
	
The above-mentioned payments for use of clinical data (the “Data Fees”) are cumulative and in no event shall the collective payments paid by Licensee pursuant to Section 8.02(c) exceed [***].  For each of [***], [***] and [***], only one Data Fee shall be paid for each [***] (for example, if clinical data from [***] is used to obtain Regulatory Approval as set forth in both Section 4(a) and Section 4(b), only the Data Fee set forth in Section 5(a) shall be paid by Licensee).

 

	
 
	
8.
	
If the Local Case applies and thus, pursuant to Section 4.01(a) of the Collaboration Agreement, Licensee is responsible for all costs associated with the Development of the Licensed Products, then: 

 

(a) if such Development costs exceed [***], then Licensee may credit the [***] pursuant to Section 8.03 and Section 8.04 of the Collaboration Agreement; provided, however, that no milestone payment or royalty payment may be reduced by more than [***] of the amount otherwise owed to Akebia; or  

 

(b) if such Development costs are less than [***], but such Development costs in combination with the Data Fees exceed [***], then Licensee may credit the [***] pursuant to Section 8.03 and Section 8.04 of the Collaboration Agreement; provided, however, that only the amount of Data Fees paid that result in total costs exceeding [***] will be credited and, provided further, that no milestone payment or royalty payment may be reduced by more than [***] of the amount otherwise owed to Akebia; or

 

(c) if such Development costs, in combination with the Data Fees, do not exceed [***], then Licensee may not credit any of the Data Fees.

 

For further clarity, examples are provided below of each scenario set forth in Section 8(a), (b) and (c) of this Letter Agreement:

 

	
 
	
(a)
	
Total Development Costs = [***] and Data Fees = [***], then [***] in Data Fees would be the creditable portion

	
 
	
(b)
	
Total Development Costs = [***] and Data Fees = [***], then [***] in Data Fees would be the creditable portion [***]

	
 
	
(c)
	
Total Development Costs = [***] and Data Fees = [***], then [***] in Data Fees would be creditable

 

	
 
	
9.
	
Licensee will notify Akebia promptly upon its decision to use certain clinical data to obtain Regulatory Approval, as described in Section 2, Section 3 and Section 4 of this Letter Agreement.   Licensee will pay to Akebia the relevant Data Fees as described in Section 5 and Section 6 of this Letter Agreement within [***] of receiving Akebia’s invoice therefor.  

 

	
 
	
10.
	
Unless otherwise expressly defined herein, all capitalized terms shall have the meaning set forth in the Collaboration Agreement.  Other than as defined or modified in this Letter Agreement, all other terms and conditions of the Collaboration Agreement, including Section 5.01(b), shall remain in full force and effect.

 

[***] Portions of this exhibit have been redacted pursuant to a confidential treatment request.  An unredacted version of this exhibit has been filed separately with the Commission.

CONFIDENTIAL

 

 

This letter will be governed by and construed and interpreted in accordance with the laws of the State of New York regardless of the laws that might otherwise govern under applicable principles of conflicts of law. This Agreement will be binding on Akebia’s and MTPC’s successors and assigns.

Please indicate your agreement with the terms of this Letter Agreement by executing it in the space provided below and returning a copy to us.  We look forward to continuing our work together to develop vadadustat.

 

	
	
Very truly yours, 

	
 

	
/s/ Michel Dahan

	
 

	
Michel Dahan

	
Chief Business Officer

	
Akebia Therapeutics, Inc.

 

 

ACCEPTED AND AGREED:

 

Mitsubishi Tanabe Pharma Corporation

 

 

	
By:
	
/s/ Shigekazu Nakajima
	
 
	
Date: 26, September, 2017

	
Name:
	
Shigekazu Nakajima
	
 
	
 

	
Title:
	
General Manager, 
	
 
	
 

	
 
	
Business Development Department
	
 
	
 

 

[***] Portions of this exhibit have been redacted pursuant to a confidential treatment request.  An unredacted version of this exhibit has been filed separately with the Commission.

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