Document:

Exhibit
10.8

 

FORM
OF JOINDER AGREEMENT AND CONSENT

 

This
JOINDER AGREEMENT AND CONSENT is entered into as of [        ], between and among BRICKTOWN BREWERY RESTAURANTS LLC, an Oklahoma limited
liability company (the “Borrower”); each subsidiary of Borrower from time to time party to the Note Purchase Agreement
described below (the “Guarantors”, and together with the Borrower, the “Credit Parties”); [    ], a [        ]
(collectively “New Guarantor”); PRAESIDIAN CAPITAL OPPORTUNITY FUND III, LP, a Delaware limited partnership (“Fund
III”), and PRAESIDIAN CAPITAL OPPORTUNITY FUND III-A, LP, a Delaware limited partnership (“Fund III-A”, and
together with Fund III and each of their successors and assigns, each a “Lender”, and collectively, the “Lenders”),
and Fund III as agent for the Lenders (in such capacity, the “Agent”);

 

WHEREAS,
Credit Parties, Lenders and Agent are parties to that certain Note Purchase Agreement and Security Agreement dated as of January
31, 2015 (as amended from time to time, the “Purchase Agreement”), and to various of the Transaction Documents described
therein. Any capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed to such terms
in the Purchase Agreement; and

 

WHEREAS,
Borrower, is acquiring all of the Equity Interests in the New Guarantor and Agent and Lenders are willing to consent to such acquisition
provided that the New Guarantor become a party to the Transaction Documents as provided herein.

 

NOW
THEREFORE, the parties hereto agree as follows:

 

1. The
New Guarantor hereby agrees (A) to become, and does hereby become, a “Pledgor” under the Borrower Pledge Agreement
and (B) to be bound by the Borrower Pledge Agreement as if originally a party thereto as a “Pledgor” and each of the
Credit Parties, including, without limitation, the New Guarantor, consents to the pledge of the Equity Interests and the grant
of the security interests under the Borrower Pledge Agreement and ratify and confirm in all respects the Borrower Pledge Agreement.

 

2. New
Guarantor hereby represents and warrants that all of the representations and warranties contained in the Borrower Pledge Agreement
(other than any representations relating solely to Borrower) are true and correct in all respects as of the date hereof. Each
of the Credit Parties hereby represents and warrants as to itself that the schedule attached hereto as Attachment 1 is
true and correct in all respects and such schedule sets forth all information required to be scheduled under Section 3.02 of the
Borrower Pledge Agreement with respect to the Pledged Equity Interests, including without limitation, as such term applies to
New Guarantor. New Guarantor represents and warrants that the schedule attached hereto as Attachment 2 is a true and correct
copy of its organization documents, including all amendments through the date hereof.

 

     

     

    

 

3. Each
Credit Party hereby represents and warrants to Agent and the Lenders that (A) all of the representations and warranties contained
in the Borrower Pledge Agreement are true and correct in all respects (or, in the case of any representation or warranty that
is not qualified by the words “material,” “Material Adverse Effect” or the like, in all material respects)
as of the date hereof and (B) after giving effect to this Joinder Agreement and Consent and the transactions contemplated hereby,
no Default or Event of Default has occurred and is continuing.

 

4. In
reliance upon the representations, warranties and agreements contained herein, the Lenders and Agent hereby consent to the creation
by Borrower of New Guarantor as a wholly-owned Subsidiary.

 

5. From
and after the date hereof, (A) the Borrower Pledge Agreement, the other Transaction Documents and all agreements, instruments
and documents executed and delivered in connection with any of the foregoing shall each be deemed amended hereby to the extent
necessary, if any, to give effect to the provisions of this Joinder Agreement and Consent and (B) all references in any Transaction
Document to “this Agreement”, “hereto”, “hereof”, “hereunder” or words of like
import referring to such Transaction Document, shall mean such Transaction Document, as amended hereby.

 

6. The
Transaction Documents shall continue in full force and effect, as amended hereby.

 

[Signature
Page Follows]

 

    2

     

    

 

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

 

	Borrower:	BRICKTOWN BREWERY
	 	RESTAURANTS LLC
	 	 	 
	 	By:	 
	 	Name:	[                     ]
	 	Title	[                     ]
	 	 	 
	Guarantors:	[                      ]

 

 

3Exhibit 10.9

 

BRICKTOWN BREWERY RESTAURANTS LLC

1101 W. Waterloo Road

Edmond, OK 73025

 

December 28, 2014

 

Praesidian Capital Opportunity Fund III, LP

Praesidian Capital Opportunity Fund III-A, LP

419 Park Avenue South

New York, New York 10016

 

Attn: Jason D. Drattell

 

		Re:	Management Rights

 

Ladies and Gentlemen:

 

You have requested that Bricktown Brewery Restaurants LLC, an
Oklahoma limited liability company (the “Borrower”), grant certain management rights to Praesidian Capital Opportunity
Fund III, LP and Praesidian Capital Opportunity Fund III-A, LP (each, an “Investor”) so that the purchase by
the Investor of (i) certain promissory notes of the Borrower (the “Notes”) pursuant to the Note Purchase Agreement
and Security Agreement, dated as of the date hereof, among the Borrower, the Investor and the other parties thereto, as such agreement
may be amended, supplemented or otherwise modified from time to time (the “Purchase Agreement”) and (ii) certain
Units of the Borrower (collectively, the “Shares”), may each qualify as a “venture capital investment”
as described in clause (d)(3)(i) of the U.S. Department of Labor Regulations § 2510.3-101 (the “DOL Regulation”).
This letter will confirm our agreement that the Investor will be entitled to the contractual management, information and other
rights enumerated below:

 

(1) The
Borrower and its subsidiaries shall provide to the Investor true and correct copies of all documents, reports, financial data and
other information as the Investor may reasonably request. Additionally, the Borrower shall permit any authorized representatives
designated by the Investor to visit and inspect any of the properties of the Borrower and its subsidiaries, including its and their
books of account, and to discuss its and their affairs, finances and accounts with its and their officers, all at such times as
the Investor may reasonably request.

 

(2) At
any time during which the Investor does not have the direct contractual right to designate a representative to serve on the Board
of Directors of Borrower (the “Borrower Board”), the Investor shall have the right to designate one (1) observer
who shall be entitled to attend all meetings of the Borrower Board (and all committees thereof) and receive copies of all materials
provided to the Borrower Board, including, without limitation, notices, minutes, consents and any and all other materials provided
to members of the Borrower Board, provided that such observer shall have no voting rights with respect to actions taken or elected
not to be taken by the Borrower Board. Such representative may participate in discussions of matters brought to the Borrower Board
and may address the Borrower Board with respect to the Investor’s concerns regarding business issues facing the Borrower
Board.

 

    1

     

    

 

(3) The
Investor (or any authorized representative designated by the Investor) shall have the right to consult with and advise the management
of the Borrower and its subsidiaries, upon reasonable notice at reasonable times from time to time, on all matters relating to
the operation of the Borrower and its subsidiaries.

 

(4) The
Borrower shall provide the Investor with all financial information and inspection rights provided to “Lenders” (as
defined in the Purchase Agreement) under the Purchase Agreement. The rights of Investor set forth in this letter are in addition
to, and not in limitation, of the rights of the Investor under the Purchase Agreement.

 

This letter may not be amended except by a written instrument
signed by the Investor and the Borrower.

 

The Borrower hereby further agrees that if legal counsel for
the Investor reasonably concludes that the rights granted hereby should be altered to preserve the qualification of the Investor
as a “venture capital operating company” or the Investor’s investment in the Borrower as a “venture capital
investment”, in each case, as defined in the DOL Regulation or otherwise to ensure that the assets of the Investor are not
considered “plan assets” for purposes of the Employee Retirement Income Security Act of 1974, as amended, the Borrower
will agree to amendments to this letter to effect such alterations; provided that no such alteration would result in a material
adverse effect on the operation or business of the Borrower.

 

The rights of Investor described herein shall terminate and
be of no further force or effect upon, subject to the other terms hereof, the Investor no longer holding any securities (whether
debt or equity) of the Borrower.

 

If the Borrower engages in a restructuring or similar transaction,
any resulting entity or entities shall be subject to this Agreement in the same manner as the Borrower, as applicable.

 

The Borrower hereby further agrees that the Investor may transfer
the rights granted to it hereunder to any person or entity to whom it transfers all or any of the securities (whether debt or equity)
of the Borrower held by the Investor.

 

[Signature Pages to Follow]

 

    2

     

    

 

Very truly yours,

 

	BRICKTOWN BREWERY RESTAURANTS LLC
	 	 	 
	By:	 	 
	Name: 	William C. Liedtke III	 
	Title:	Vice President	 

 

 

 

[MANAGEMENT RIGHTS LETTER – FUND III]

 

     

     

    

 

ACKNOWLEDGED AND ACCEPTED:

 

	Praesidian Capital Opportunity Fund III, LP
	 	 	 
	By:	Praesidian Capital Opportunity GP III, LLC, its General Partner
	 	 	 
	By:		 
	Name: 	Jason D. Drattell	 
	Title:	Manager	 
	 	 	 
	Praesidian Capital Opportunity Fund III-A, LP
	 	 	 
	By:	Praesidian Capital Opportunity GP III, LLC, its General Partner
	 	 	 
	By:		 
	Name: 	Jason D. Drattell	 
	Title:	Manager

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00294-of-00352.parquet"}]]