Document:

Exhibit 10.1
​
AMENDMENT NO. 1  TO ENDORSEMENT AGREEMENT
​
THIS AMENDMMENT NO. 1 TO THE ENDORSEMENT AGREEMENT (“Amendment No. 1”) is made and entered into effective July __, 2020, by and among, on the one hand, ABG-Shaq, LLC, a Delaware limited liability company (“ABG”) for the personal services of Shaquille O’Neal, (“CELEBRITY”), and, on the other hand, Papa John’s Marketing Fund, Inc., a Kentucky corporation (“PJMF”), and Papa John’s International, Inc. (“PJI”) (PJMF and PJI are, individually and collectively, “PAPA JOHN’S”), concerning that certain Endorsement Agreement dated and entered into effective March 15, 2019 (the “Original Agreement”).  ABG and PAPA JOHN’S may hereinafter be referred to individually as a “Party” or collectively as the “Parties”.
​
NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
​
1.         Definitions.  Except as otherwise defined herein, all capitalized terms used herein shall have the meaning ascribed to them in the Original Agreement. For the avoidance of doubt, from and after the date hereof, references to the Agreement in both the Original Agreement and this Amendment No. 1 shall refer to the Original Agreement as modified by the terms of this Amendment No. 1.
​
2.         New Co-Branded Products.  From and after the date hereof, Section 4.D. of the Agreement shall be deleted and replaced with the following:
​
“D.       New Co-Branded Products.
​
a.          ABG will permit CELEBRITY and PAPA JOHN’S to collaborate in good faith to develop one (1) co-branded Product using the Personality Rights, which Product shall be an extra-large pizza with extra pepperoni and extra cheese that is co-branded PAPA JOHN’S and SHAQ-A-RONI, subject to ABG’s Approval in each instance, and in each case produced and sold by PAPA JOHN’S (“SAR Co-Branded Products”).  For the avoidance of doubt, the Parties acknowledge and agree that (i) SAR Co-Branded Products constitute a sub-set of Products under the Agreement, (ii) SHAQ-A-RONI (including variations and derivations of the same) and any and all intellectual property and other rights relating thereto constitute Personality Rights under the Agreement, and (iii) PAPA JOHN’S shall indemnify, defend and hold harmless the ABG Indemnified Parties from and against any and all direct and third-party Claims arising out of or in connection with the SAR Co-Branded Products (including, without limitation, any use and other exploitation of the term ‘SHAQ-A-RONI’).
​
b.         Subject to the terms and conditions of the Agreement, ABG grants to PAPA JOHN’S the non-transferrable, non-assignable, non-sublicensable, indivisible right and license solely during the period commencing on June 29, 2020 and ending on August 23, 2020, unless the Agreement is sooner terminated (the “SAR Term”) and solely within United States and Canada to use the Celebrity Endorsement, in each
​

1

instance, subject to ABG’s Approval, in connection with the advertising, promotion and sale of SAR Co-Branded Products.
​
c.          PAPA JOHN’S shall donate One U.S. Dollar (USD$ 1) for each unit of SAR Co-Branded Products sold in the United States (the “Promotion”), at PAPA JOHN’S sole cost and expense, to The Papa John’s Foundation for Building Community (the “Foundation”) in the United States, as mutually agreed upon by the Parties (as a one-time limited exception to Section 4.E. of the Agreement.  The Foundation may donate all funds collected through the Promotion to additional charities that support the mission of the Foundation.  In addition, PAPA JOHN’S shall donate the amount of CAD$1 of sales of SAR Co-Branded Products in Canada, PAPA JOHN’S sole cost and expense, to one or more charitable organization(s) in Canada, to be mutually agreed upon by the Parties (as a one-time limited exception to Section 4.E. of the Agreement).
​
d.         For purposes of this Agreement, the term “SAR Royalty” shall mean Twenty U.S. Cents (USD$ 0.20) for each unit of SAR Co-Branded Products sold.  In the event that the actual earned SAR Royalty in a given Contract Year under the Agreement is greater than the amount of the Cash Payment actually paid by PAPA JOHN’S to ABG that is attributable to the same Contract Year (the “Annual Cash Payment”), then PAPA JOHN’S shall pay the SAR Royalty in excess of the applicable Annual Cash Payment (if any) to ABG within thirty (30) days of the end of such Contract Year.
​
e.          By October 1, 2020, PAPA JOHN’S shall submit to ABG, via ABG’s reporting software, RoyaltyZone (a detailed explanation of which can be found at www.royaltyzone.com), a complete and accurate statement (each, a “Statement”) detailing (i) the number of units of SAR Co-Branded Products sold during the Promotion, (ii) the amount of the SAR Royalty (as defined below) earned during the Promotion, (iii) the amount of the SAR Royalty due and payable due to the Promotion, and (iv) the amount of PAPA JOHN’S donations made under Section 4.D.c. above for such Contract Year.  If and when requested by ABG, PAPA JOHN’S shall provide ABG with additional information (e.g., sales by country, etc.), and/or backup and support materials, with respect to any item contained in any Statement. ABG hereby reserves the right to modify the process for submission of Statements (e.g., using a software other than RoyaltyZone, etc.) on reasonable advance written notice to PAPA JOHN’S, but in no event shall ABG modify the timing or frequency of the same without PAPA JOHN’S prior written approval, which approval may not be unreasonably withheld, conditioned or delayed.
​
f.          ABG’s acceptance of any payment and/or any Statement pursuant to this Agreement shall not preclude ABG from questioning the correctness thereof at any time or exercising any of its rights related thereto. PAPA JOHN’S shall keep appropriate books of accounts and records with respect to its manufacture, sale, distribution and of SAR Co-Branded Products (“Books & Records”). PAPA JOHN’S shall maintain such Books & Records throughout the SAR Term, and for a period of three (3) years following the expiration or termination of the SAR Term (the “Retention Period”). ABG, or a third party designated by ABG (ABG and such third party being defined, for purposes of this Section, as an “Auditor”), shall have the right to inspect and copy the
​

2

Books & Records insofar as they relate to the computation of the SAR Royalty, and other amounts payable to ABG, and PAPA JOHN’S hereby agrees to cooperate with the Auditor, to the best of PAPA JOHN’S’s ability, in connection therewith.  ABG and/or such Auditor shall be permitted to inspect such Books & Records no more frequently than one (1) time during any twelve (12) month period, upon reasonable prior written notice to PAPA JOHN’S.  If any such inspection reveals a discrepancy in the amount paid to ABG equal to five percent (5%) or more of the amount payable to ABG hereunder for the period in question, then PAPA JOHN’S shall also reimburse ABG for the reasonable costs of such audit. In any event, PAPA JOHN’S shall make all payments required to be made to eliminate any discrepancy revealed by any such inspection within thirty (30) days after ABG’s demand therefor. Interest, compounded monthly, at the rate of one percent (1%) per month (or, if not legally permissible, then at the then maximum legal interest rate) shall accrue on any amount due to ABG from and after the date upon which said payment is due until the date payment is actually received, whether said late payment was discovered in connection with this Section or otherwise.
​
h.         Upon expiration or termination of the SAR Term, PAPA JOHN’S shall cease any and all advertising, promotion and sale of the SAR Co-Branded Products, and any and all use of the Celebrity Endorsement and Personality Rights in connection therewith.”
​
3.         Miscellaneous.
​
A.        Except as modified by this Amendment No. 1, all terms and conditions of the Original Agreement shall remain in full force and effect.
​
B.         This Amendment No. 1 may be signed in two (2) or more counterparts, each of which shall be deemed an original but all of which together shall constitute one (1) and the same instrument.  Facsimile, photographic and/or PDF copies of counterpart signature pages shall be deemed original counterpart pages for all purposes hereunder.  Each of the parties agrees that an electronic signature evidencing a party’s execution of this Amendment No. 1 shall be effective as an original signature and may be used in lieu of the original for any purpose.
​
C.         This Amendment No. 1 and the legal relations among the parties hereto shall be governed by, and construed in accordance with, the state laws of the State of Delaware (including, without limitation, with respect to full faith and credit accorded to the United States federal laws, e.g., the United States Lanham Act), notwithstanding any conflict of law provisions to the contrary.
​
D.        In the event one (1) or more of the provisions of this Amendment No. 1, should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Amendment No. 1, and this Amendment No. 1, shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein.
​
​

3

IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment No. 1 effective the date first above written.
​
	​

	​

	​

	​

	​

	Papa John’s Marketing Fund, Inc.
	   
	ABG-Shaq, LLC

	​
	​
	​

	​
	​
	​

	  /s/ Max Wetzel
	​
	​
	  /s/ Jay Dubiner

	​
	​
	​

	Date:
	7/24/2020
	​
	Date:
	7/27/2020 11:32 AM EDT

	​
	​
	​
	​

	By:
	Max Wetzel
	​
	By:
	Jay Dubiner

	​
	Chief Commercial &
	​
	​

	Title:
	Marketing Officer
	​
	Title:
	General Counsel

	​
	​
	​
	​

	Papa John’s International, Inc.
	​
	​

	​
	​
	​

	​
	​
	​

	  /s/ Rob Lynch
	​
	​

	​
	​
	​

	Date:
	7/24/2020
	​
	​

	​
	​
	​
	​

	By:
	Rob Lynch
	​
	​

	​
	​
	​
	​

	Title:
	President and CEO
	​
	​

	​
	​
	​

​

4Document

[***] = Certain information contained in this document, marked by brackets, has been omitted because it is both not material and would be competitively harmful if publicly disclosed.
Exhibit 10.8

AMENDMENT NO. 1 TO THE amended and restated CREDIT AGREEMENT
This AMENDMENT NO. 1 TO THE amended and restated CREDIT AGREEMENT, dated as of July 28, 2020 (this “Amendment”), is entered into by and among SUNRUN INC., a Delaware corporation (“Sunrun”), AEE SOLAR, INC., a California corporation (“AEE Solar”), SUNRUN SOUTH LLC, a Delaware limited liability company (“Sunrun South”), and SUNRUN INSTALLATION SERVICES INC., a Delaware corporation (“Sunrun Installation Services” and, together with Sunrun, AEE Solar and Sunrun South, each, a “Borrower” and, collectively, the “Borrowers”), CLEAN ENERGY EXPERTS, LLC, a California limited liability company (“CEE” and, together with the Borrowers, each, a “Loan Party” and, collectively, the “Loan Parties”), each of the Persons identified as a “Lender” on the signature pages hereto (each, a “Lender”), and KEYBANK NATIONAL ASSOCIATION, as the Administrative Agent (the “Administrative Agent”).
RECITALS
WHEREAS, the Borrowers entered into the Credit Agreement, dated as of April 1, 2015 (as amended prior to November 12, 2019, the “Original Credit Agreement”), by and among the Borrowers, CLEAN ENERGY EXPERTS, LLC, a California limited liability company (“CEE” and, together with the Borrowers, each, a “Loan Party” and, collectively, the “Loan Parties”), the Lenders party thereto, Credit Suisse, AG, Cayman Islands Branch, as the Administrative Agent and SILICON VALLEY BANK, as the Collateral Agent (the “Collateral Agent”) and L/C Issuer;
WHEREAS, pursuant to that certain Resignation and Appointment of Administrative Agent, dated as of November 12, 2019, by and among Credit Suisse, AG, Cayman Islands Branch, as the resigning administrative agent, KeyBank National Association, as the successor administrative agent, the Borrowers, the Lenders party thereto and Silicon Valley Bank, as Collateral Agent and as the L/C Issuer, KeyBank National Association was appointed as Administrative Agent and accepted such appointment;
WHEREAS, pursuant to that certain Amendment No. 7 to the Credit Agreement, the Borrowers, CEE, the Lenders party thereto, the Collateral Agent and the Administrative Agent amended and restated the Original Credit Agreement in its entirety as set forth in Annex 1 to Amendment No. 7 (such Amended and Restated Credit Agreement, the “Credit Agreement”);  
WHEREAS, pursuant to Section 11.01 of the Credit Agreement, no amendment to the Credit Agreement is effective unless executed by the Borrowers or the applicable Loan Party, as the case may be, and at least two (2) Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures of all Lenders and acknowledged by the Administrative Agent;
WHEREAS, the Required Lenders are a party to this Amendment; 
WHEREAS, this Amendment is not otherwise prohibited by Section 11.01 of the Credit Agreement; and

WHEREAS, the Administrative Agent by execution of this Amendment is providing its acknowledgement required under Section 11.01 of the Credit Agreement;
NOW, THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, agree as follows:
ARTICLE 1
DEFINITIONS
1.01Definitions.  Capitalized terms not otherwise defined herein shall have the meanings set forth in the Credit Agreement.
1.02Rules of Interpretation.  The rules of interpretation set forth in Section 1.02 of the Credit Agreement shall apply to this Amendment. 
ARTICLE 2
AMENDMENTS; ACKNOWLEDGMENTS
2.01Amendment to Section 5.20(a) of the Credit Agreement.  On the Amendment Effective Date, the last sentence of Section 5.20(a) of the Credit Agreement is amended in its entirety to read as follows:
“There are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to employees or directors and directors’ qualifying shares) of any nature relating to the Equity Interests of any Loan Party (other than Sunrun), except as contemplated in connection with the Loan Documents.”
2.02Amendment to Section 7.03 of the Credit Agreement.  On the Amendment Effective Date, Section 7.03 of the Credit Agreement shall be amended by deleting the word “and” at the end of clause (i) thereof, deleting “.” at the end of clause (j) thereof and replacing it with “; and” and adding the following clause (k) after clause (j):
“(k) Investments made with proceeds from substantially concurrent issuances of new Equity Interests in Sunrun in an aggregate amount not to exceed [***].”
ARTICLE 3
REPRESENTATIONS AND WARRANTIES
Each Loan Party represents and warrants to each of the Lenders and the Administrative Agent, on the date hereof, that the following statements are true and correct:
3.01Existence.  Such Loan Party is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization.
2

3.02Power and Authority.  Such Loan Party has the requisite power and authority to execute and deliver this Amendment.
3.03Due Authorization.  The execution, delivery and performance of this Amendment have been duly authorized by all necessary corporate or limited liability company action on the part of such Loan Party.  The applicable resolutions of such Loan Party authorize the execution, delivery and performance of this Amendment by such Loan Party and are in full force and effect without modification or amendment. 
3.04Binding Obligation.  This Amendment has been duly executed and delivered by such Loan Party, and this Amendment and the Credit Agreement, as amended by this Amendment, constitute the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with the terms of this Amendment and the Credit Agreement, subject to applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether such enforceability is considered in a proceeding in equity or at law.
3.05No Default or Event of Default.  As of the date hereof, no event has occurred and is continuing or would result from the consummation of the amendments contemplated by this Amendment that would constitute a Default or an Event of Default.
3.06Representations and Warranties.  The representations and warranties of the Borrowers and each other Loan Party contained in the Credit Agreement or any other Loan Document, are (i) with respect to representations and warranties that contain a materiality qualification, true and correct in all respects, and (ii) with respect to representations and warranties that do not contain a materiality qualification, true and correct in all material respects, in each case, on and as of the date hereof (or if such representations and warranties expressly relate to an earlier date, as of such earlier date), and the representations and warranties contained in Sections 5.05(a) and (b) of the Credit Agreement are deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a) and (b) of the Credit Agreement, respectively.
3.07Material Adverse Effect.  No Material Adverse Effect has occurred or is continuing since the date of the last audited financial statements furnished pursuant to Section 6.01(a) of the Credit Agreement. 
ARTICLE 4
CONDITIONS PRECEDENT
4.01Conditions Precedent to Effectiveness.  The amendments contained in Article 2 of this Amendment shall not be effective until the date (such date, the “Amendment Effective Date”) that the Administrative Agent shall have received copies of this Amendment executed by the Loan Parties and the Required Lenders, and acknowledged by the Administrative Agent.
3

ARTICLE 5
GENERAL PROVISIONS
5.01Notices.  All notices and other communications given or made pursuant hereto shall be made as provided in the Credit Agreement.
5.02Severability.  In case any one or more of the provisions contained in this Amendment should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby, and the parties hereto shall enter into good faith negotiations to replace the invalid, illegal or unenforceable provision.
5.03Headings.  Section headings have been inserted in this Amendment as a matter of convenience for reference only and it is agreed that such paragraph headings are not a part of this Amendment and shall not be used in the interpretation of any provision of this Amendment.
5.04Governing Law.  This Amendment shall be governed by and construed in accordance with the law of the State of New York.
5.05Counterparts.  This Amendment may be signed in any number of counterparts and each counterpart shall represent a fully executed original as if signed by all of the parties listed below. Each party to this Amendment represents and warrants to each of the other parties to this Amendment that it has the corporate or limited liability company capacity and authority to execute this Amendment through electronic means and there are no restrictions for doing so in that party’s constitutive documents.
5.06Ratification.  Except as amended hereby, the Credit Agreement and the other Loan Documents remain in full force and effect.
5.07Amended Terms.  On and after the Amendment Effective Date, all references to the Credit Agreement in each of the Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment.  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 Lenders, the Administrative Agent, the Collateral Agent or an Arranger under the Credit Agreement or any other Loan Document.  Nothing contained in this Amendment shall be construed as a substitution or novation of the obligations (including the Obligations) of the Loan Parties outstanding under the Credit Agreement or instruments securing or evidencing any of the Obligations, which shall continue and remain in full force and effect, except to the extent that the terms thereof are modified by this Amendment.  Nothing expressed or implied in this Amendment shall be construed as a release or other discharge of the Loan Parties from any of their obligations or liabilities under the Credit Agreement or any other Loan Document.
5.08Loan Document.  This Amendment shall constitute a Loan Document under the terms of the Credit Agreement.
4

5.09Costs and Expenses; Indemnification; Reimbursement.  The parties hereto agree that this Amendment is subject to the costs and expenses, indemnification, reimbursement and related provisions set forth in Section 11.04 of the Credit Agreement. 
5.10Submission to Jurisdiction; Waiver of Venue; Service of Process; Waiver of Jury Trial.  The submission to jurisdiction, waiver of venue, service of process and waiver of jury trial provisions set forth in Sections 11.14(b), (c) and (d) and 11.15 of the Credit Agreement, respectively, are hereby incorporated by reference, mutatis mutandis.
5.11Reaffirmation of Guarantees and Security Interests.  Each Loan Party hereby (a) affirms and confirms its guarantees, pledges, grants and other undertakings under the Credit Agreement, the Security Agreement and the other Loan Documents to which it is a party, and (b) agrees that all guarantees, pledges, grants and other undertakings thereunder shall continue to be in full force and effect and shall accrue to the benefit of the Secured Parties, including the Lenders.
[SIGNATURE PAGES FOLLOW]

5

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first set forth above.
						
		
	BORROWERS:
	SUNRUN INC.,

		a Delaware corporation
		
		By: /s/ Tom vonReichbauer    

		Name: Tom vonReichbauer
		Title: Chief Financial Officer
		
		
		AEE SOLAR, INC.,

		a California corporation
		
		By: /s/ Tom vonReichbauer    

		Name: Tom vonReichbauer
		Title: Chief Financial Officer
		
		
		SUNRUN SOUTH LLC,

		a Delaware limited liability company
		
		By: /s/ Tom vonReichbauer    

		Name: Tom vonReichbauer
		Title: Chief Financial Officer
		
		
		SUNRUN INSTALLATION SERVICES INC.,

		a Delaware corporation

		
		By: /s/ Jeanna Steele    

		Name: Jeanna Steele
		Title: Secretary
		
		
	GUARANTOR:
	CLEAN ENERGY EXPERTS, LLC,

		a California limited liability company
		
		By: /s/ Lynn Jurich    

		Name: Lynn Jurich
		Title: President

[Signature Page to Amendment No. 1 to the Amended and Restated Credit Agreement]

						
	

	KEYBANK NATIONAL ASSOCIATION,

		as Administrative Agent and as a Lender
		
		By: /s/ Richard Gerling      

		Name: Richard Gerling
		Title: Senior Vice President

[Signature Page to Amendment No. 1 to the Amended and Restated Credit Agreement]

						
	

	SILICON VALLEY BANK,

		as a Lender
		
		By: /s/ Jackson Morrow      

		Name: Jackson Morrow
		Title: Vice President

[Signature Page to Amendment No. 1 to the Amended and Restated Credit Agreement]

						
	

	MORGAN STANLEY SENIOR FUNDING, INC.,

		as a Lender
		
		By: /s/ Marisa Moss    

		Name: Marisa Moss
		Title: Vice President

[Signature Page to Amendment No. 1 to the Amended and Restated Credit Agreement]

						
	

	ROYAL BANK OF CANADA,

		as a Lender
		
		By: /s/ Frank Lambrinos    

		Name: Frank Lambrinos
		Title: Authorized Signatory

[Signature Page to Amendment No. 1 to the Amended and Restated Credit Agreement]

						
	

	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

		as a Lender
		
		By: /s/ Mikhail Faybusovich    

		Name: Mikhail Faybusovich
		Title: Authorized Signatory
		
		By: /s/ Komal Shah    

		Name: Komal Shah
		Title: Authorized Signatory

[Signature Page to Amendment No. 1 to the Amended and Restated Credit Agreement]

						
	

	NY GREEN BANK,
		a division of the New York State Energy
Research & Development Authority,
		as a Lender
		
		By: /s/ Alfred Griffin    

		Name: Alfred Griffin
		Title: President

[Signature Page to Amendment No. 1 to the Amended and Restated Credit Agreement]

						
	

	DEUTSCHE BANK AG, NEW YORK BRANCH,

		as a Lender
		
		By: /s/ Jeremy Eisman    

		Name: Jeremy Eisman
		Title: Managing Director
		
		By: /s/ Kyle Hatzes    

		Name: Kyle Hatzes
		Title: Director

[Signature Page to Amendment No. 1 to the Amended and Restated Credit Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}]]