Document:

EX-10.39

 Exhibit 10.39 
 UK SUB-PLAN TO THE ALIMERA SCIENCES, INC. 2010 EQUITY 

INCENTIVE PLAN 
 NOTICE OF STOCK OPTION GRANT 
 You have been granted the following option to purchase shares of the Common Stock of Alimera Sciences, Inc. (the “Company”): 

 

			
		
	Name of Optionee:	  	«Name»
		
	Total Number of Shares:	  	«TotalShares»
		
	Type of Option:	  	[Number] Unapproved Option
		
	Exercise Price per Share:	  	$«PricePerShare»
		
	Date of Grant:	  	«DateGrant»
		
	Vesting Commencement Date:        	  	«VestDay»
		
	Vesting Schedule:	  	This option becomes exercisable with respect to the first «CliffPercent»% of the shares subject to this option when you complete «CliffPeriod» months of
continuous “Service” (as defined in the Plan) from the Vesting Commencement Date. Thereafter, this option becomes exercisable with respect to an additional «Percent»% of the shares subject to this option when you complete each
additional month of Service.
		
	Expiration Date:	  	«ExpDate». This option expires earlier if your Service terminates earlier, as described in the Stock Option Agreement.

 You and the Company agree that this option is granted under and governed by the terms and conditions of the UK Sub-Plan
to the 2010 Equity Incentive Plan (the “Plan”) and the Stock Option Agreement, both of which are attached to and made a part of this document. 
 You further agree that the Company may deliver by email all documents relating to the Plan or this option (including, without limitation, prospectuses required by the Securities and Exchange Commission,
the Joint Election and the Section 431 Election) and all other documents that the Company is required to deliver to its security holders (including, without limitation, annual reports and proxy statements). You also agree that the Company may
deliver these documents by posting them on a website maintained by the Company or by a third party under contract with the Company. If the Company posts these documents on a website, it will notify you by email. This consent will remain in effect
until you give the Company written notice that it should deliver paper documents. 
 You further agree to comply with the Company’s
Securities Trading Policy when selling shares of the Company’s Common Stock. 

 This Agreement has been executed and delivered as a deed on the date set out below. 

 

					
	
Dated:                    
	 		  	
			
	SIGNED as a DEED	 		  	
	BY ALIMERA , INC	 	)	  	
	acting by the under-mentioned	 	)	  	
	person(s) acting on the authority of	 	)	  	
	the Company in accordance with the	 	)	  	
	laws of the territory of its incorporation:	 	)	  	
			
	Authorised signatory	 		  	
			
	SIGNED as a DEED	 	)	  	
	by [insert name of Optionee]	 	)	  	
	in the presence of:	 		  	

 Witness signature: 
 Name: 
 Address: 
 Occupation: 

  
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 UK SUB-PLAN TO THE
ALIMERA SCIENCES, INC. 2010 EQUITY 
 INCENTIVE
PLAN 
 STOCK OPTION AGREEMENT 

 

			
		
	Tax Treatment	  	This option is intended to be an Unapproved Option, as provided in the Notice of Stock Option Grant.
		
	Vesting	  	 This option becomes exercisable in installments, as shown in the Notice of Stock Option Grant.

 
 This option will in no event become exercisable for additional shares after your
Service has terminated for any reason.

		
	Term	  	This option expires in any event at the close of business at Company headquarters on the day before the 10th anniversary of the Date of Grant, as shown in the Notice of Stock Option Grant. (It will expire earlier if your
Service terminates, as described below.)
		
	Regular Termination	  	If your Service terminates for any reason except death or total and permanent disability, then this option will expire at the close of business at Company headquarters on the date
three months after your termination date. The Company determines when your Service terminates for this purpose.
		
	Death	  	If you die before your Service terminates, then this option will expire at the close of business at Company headquarters on the date 12 months after the date of
death.
		
	Disability	  	 If your Service terminates because of your total and permanent disability, then this option will expire at the close of business at
Company headquarters on the date 12 months after your termination date.
  

For all purposes under this Agreement, “total and permanent disability” means that you are unable to engage in any substantial gainful activity
by reason of any medically determinable physical or mental impairment which can be expected to result in death or which has lasted, or can be expected to last, for a continuous period of not less than one year.

  
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	 Leaves of Absence
 and Part-Time Work
	  	 For purposes of this option, your Service does not terminate when you go on a military leave, a sick leave or another bona fide leave of
absence, if the leave was approved by the Company in writing and if continued crediting of Service is required by the terms of the leave or by applicable law. But your Service terminates when the approved leave ends, unless you immediately return to
active work.
  
 If you go on a leave of absence, then the vesting schedule
specified in the Notice of Stock Option Grant may be adjusted in accordance with the Company’s leave of absence policy or the terms of your leave. If you commence working on a part-time basis, then the vesting schedule specified in the Notice
of Stock Option Grant may be adjusted in accordance with the Company’s part-time work policy or the terms of an agreement between you and the Company pertaining to your part-time schedule.

		
	Restrictions on Exercise	  	The Company will not permit you to exercise this option if the issuance of shares at that time would violate any law or regulation.
		
	Notice of Exercise	  	 When you wish to exercise this option, you must notify the Company by filing the proper “Notice of Exercise” form at the
address given on the form, along with delivery of the signed Joint Election and signed Section 431 Election (which are incorporated into this Stock Option Agreement). Your notice must specify how many shares you wish to purchase. Your notice must
also specify how your shares should be registered. The notice will be effective when the Company receives it.
  
 However, if you wish to exercise this option by executing a same-day sale (as described below), you must follow the instructions of the Company and the broker who will execute the sale.

 
 If your Personal Representative(s) wishes to exercise this option after your death,
the Personal Representative(s) must prove to the Company’s satisfaction that he or she is entitled to do so.

		
	Form of Payment	  	 When you submit your notice of exercise, you must include payment of the option exercise price for the shares that you are purchasing
together with any Option Tax Liability and any Secondary NIC Liability. To the extent permitted by applicable law, payment may be made in one (or a combination of two or more) of the following forms:

 
 •      By
delivering to the Company your personal cheque, a cashier’s cheque or a money order.
  

•      By giving to a securities broker approved by the Company irrevocable
directions to sell all or part of your option shares and to deliver to the Company, from the sale proceeds, an amount sufficient to pay the option exercise price and any withholding taxes. (The balance of the sale proceeds, if any, will be delivered
to you.) The directions must be given in accordance with the instructions of the Company and the broker. This exercise method is sometimes called a “same-day sale.”

  
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	Withholding Taxes	  	In the event that the Company determines that it or any Subsidiary is required to account to HM Revenue & Customs for the Option Tax Liability or Secondary NIC Liability or to
withhold any other tax as a result of the exercise of this Option, the Optionee, as a condition to the exercise of the Option, shall make arrangements satisfactory to the Company to enable it or any Subsidiary to satisfy all withholding liabilities.
The Optionee shall also make arrangements satisfactory to the Company to enable it to satisfy and withholding requirements that may arise in connection with the vesting or disposition of shares purchased by exercising this Option (the
“Shares”).
		
	Tax Consultation	  	Optionee understands that he or she may suffer adverse tax consequences as a result of Optionee’s purchase or disposition of the Shares. Optionee represents that he or she will
consult with any tax advisors Optionee deems appropriate in connection with the purchase or disposition of the Shares and that Optionee is not relying on the Company or any Subsidiary for any tax advice.
		
	Section 431 Election	  	As a further condition of the exercise of this Option, the Optionee shall have signed a Section 431 Election in the form set out in Appendix 1 or in such other form as may be
determined by HM Revenue & Customs from time to time.
		
	Employer’s National Insurance Charges	  	As a further condition of the exercise of an Option under the Plan the Optionee shall join with the Company or any other company or person who is or becomes a Secondary Contributor
in making a Joint Election which has been approved by HM Revenue & Customs, for the transfer of the whole of any Secondary NIC Liability.
		
	Optionee’s Tax Indemnity	  	 Indemnity. To the extent permitted by law, the Optionee hereby agrees to indemnify and keep indemnified the Company, and the
Company as trustee for and on behalf of any related corporation, for any Option Tax Liability and Secondary NIC Liability.
  
 No Obligation to Issue Shares. The Company shall not be obliged to allot and issue any Shares or any interest in Shares pursuant to the exercise of this Option unless and until the Optionee has
paid to the Company such sum as is, in the opinion of the Company, sufficient to indemnify the Company in full against the Option Tax Liability and the Secondary NIC Liability, or the Optionee has made such other arrangement as in the opinion of the
Company will ensure that the full amount of any Option Tax Liability and any Secondary NIC Liability will be recovered from the Optionee within such period as the Company may then
determine.

  
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		  	Right of Retention. In the absence of any such other arrangement being made, the Company shall have the right to retain out of the aggregate number of shares to which the
Optionee would have otherwise been entitled upon the exercise of this Option, such number of Shares as, in the opinion of the Company, will enable the Company to sell as agent for the Optionee (at the best price which can reasonably expect to be
obtained at the time of the sale) and to pay over to the Company sufficient monies out of the net proceeds of sale, after deduction of all fees, commissions and expenses incurred in relation to such sale, to satisfy the Optionee’s liability
under such indemnity.
		
	Restrictions on Resale	  	You agree not to sell any option shares at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale. This restriction
will apply as long as your Service continues and for such period of time after the termination of your Service as the Company may specify.
		
	Transfer of Option	  	 Prior to your death, only you may exercise this option. You cannot transfer or assign this option. For instance, you may not sell this
option or use it as security for a loan. If you attempt to do any of these things, this option will immediately become invalid.
  

On your death, Options are only transferable to the Optionee’s Personal Representative and shall only be exercisable by your Personal Representative
for a period of one year after your death.
  
 Regardless of any marital
property settlement agreement, the Company is not obligated to honor a notice of exercise from your former spouse, nor is the Company obligated to recognize your former spouse’s interest in your option in any other way.

		
	Retention Rights	  	Your option or this Agreement does not give you the right to be retained by the Company or a subsidiary of the Company in any capacity. The Company and its subsidiaries reserve the
right to terminate your Service at any time.
		
	Stockholder Rights	  	You have no rights as a stockholder of the Company until you have exercised this option by giving the required notice to the Company and paying the exercise price. No adjustments
are made for dividends or other rights if the applicable record date occurs before you exercise this option, except as described in the Plan.
		
	Adjustments	  	In the event of a stock split, a stock dividend or a similar change in Company stock, the number of shares covered by this option and the exercise price per share will be adjusted
pursuant to the Plan.

  
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	Data Protection	  	 By entering into this Stock Option Agreement, and as a condition of the grant of the Option, Optionee consents to the collection, use
and transfer of personal data as described in this paragraph to the full extent permitted by and in full compliance with applicable laws.
  

•      Optionee understands that the Company and is Subsidiaries hold Data
about the Optionee for the purpose of managing and administrating the Plan.
  
 •      Optionee further understands that the Company and/or its Subsidiaries will transfer the Data among themselves as necessary for the purposes of implementation,
administration, and management of Optionee’s participation in the Plan, and that the Company and/or its Subsidiary may each further transfer Data to any Data Recipients.

 

•      Optionee understands that these Data Recipients may be located in
Optionee’s country of residence or elsewhere, such as the United States. Optionee authorises the Data Recipients to receive, possess, use, retain, and transfer Data in electronic or other form, for the purposes of implementing, administering,
and managing Optionee’s participation in the Plan, including any transfer of such Data, as may be required for the administration of the Plan and/or the subsequent holding of Shares on Optionee’s behalf, to a broker or third party with
whom the Shares acquired on exercise may be deposited. Where the transfer is to be to a destination outside the European Economic Area, the Company shall take reasonable steps to ensure that the Optionee’s personal data continues to be
adequately protected and securely held.
  
 •      Optionee understands that Optionee may, at any time, review the Data, request that any necessary amendments be made to it, or withdraw Optionee’s consent
herein in writing by contacting the Company. Optionee further understands that withdrawing consent may affect Optionee’s ability to participate in the Plan.

		
	Additional Terms	  	Optionee has no right to compensation or damages for any loss in respect of the Option where such loss arises (or is claimed to arise), in whole or in part, from the termination of
Optionee’s employment; or notice to terminate employment given by or to Optionee. This exclusion of liability shall apply however termination of employment, or the giving of notice, is caused other than in a case where a competent tribunal or
court, from which there can be no appeal (or which the relevant employing company has decided not to appeal), has found that the cessation of the Optionee’s employment amounted to unfair or constructive dismissal of Optionee and however
compensation or damages may be claimed.

  
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		  	Optionee has no right to compensation or damages for loss in respect of an Option where such loss arises (or is claimed to arise), in whole or in part, from any company ceasing to
be a Subsidiary of the Company; or the transfer of any business from a Subsidiary of the Company to any person which is not a Subsidiary of the Company. This exclusion of liability shall apply however the change of status of the relevant company, or
the transfer of the relevant business, is caused, and however compensation or damages may be claimed.
		
	Applicable Law	  	 This Agreement will be interpreted and enforced under the laws of the State of Delaware (without regard to their choice-of-law
provisions).
  
 The Joint Election and Section 431 Election shall be governed
by the laws of England and Wales.

		
	The Plan and Other Agreements	  	 The text of the Plan is incorporated in this Agreement by reference.

 
 This Agreement, the Plan, the Section 431 Election and the Joint Election constitute
the entire understanding between you and the Company regarding this option. Any prior agreements, commitments or negotiations concerning this option are superseded. This Agreement may be amended only by another written agreement between the
parties.

		
	Definitions	  	The definitions contained in the Plan are hereby incorporated into the Stock Option Agreement unless otherwise defined herein.

 BY SIGNING THE COVER SHEET
OF THIS AGREEMENT, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS
DESCRIBED ABOVE AND IN THE PLAN. 

  
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 APPENDIX 1 

SECTION 431 ELECTION 

  
 9EX-10.1

 Exhibit 10.1 
 AFC ENTERPRISES, INC. 
 FIRST AMENDMENT 

TO CREDIT AGREEMENT 
 This FIRST AMENDMENT, dated as of November 1, 2012 (this “Amendment”), to the Credit Agreement, dated as of December 23, 2010, (the “Credit
Agreement”) is entered into by and among AFC ENTERPRISES, INC., a Minnesota corporation (the “Borrower”), the LENDERS party thereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent,
J.P.MORGAN SECURITIES, LLC, and MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED as Joint Lead Arrangers and Joint Bookrunners, and BANK OF AMERICA, N.A., as Syndication Agent. Capitalized terms used herein not otherwise
defined herein or otherwise amended hereby shall have the meanings ascribed thereto in the Credit Agreement. 

RECITALS: 

WHEREAS, Borrower has requested that the Lenders agree to make amendments to certain provisions of the Credit Agreement to permit
Project Viking Expenditures and Project Viking Pre-Opening Expenses (as such terms are defined below) to be temporarily excluded from the calculation of the Fixed Charge Coverage Ratio and to exempt certain real estate from mortgage requirements,
subject to the terms and conditions set forth herein; 
 WHEREAS, the Lenders have agreed to amend certain provisions of
the Credit Agreement, in each case in the manner, and on the terms and conditions, provided for herein; 
 NOW,
THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
 SECTION 1. AMENDMENT AGREEMENT DEFINITIONS 
 1.1 Definitions 

 A. “First Amendment” means the amendment to the Credit Agreement dated as of November 1, 2012.

 B. “First Amendment Effective Date” means the date on or prior to November 20, 2012 upon which all the
conditions precedent set forth in Section 3 of the First Amendment are satisfied. 
 SECTION 2. AMENDMENTS TO CREDIT AGREEMENT

 2.1 Amendments to Article I: Definitions  

A. Section 1.01 of the Credit Agreement is hereby amended by adding the following definitions: 

“Bankruptcy Code” means Chapter 11 of Title 11, U.S.C. §§ 101, et seq., as amended. 

 “Bankruptcy Court” means the United States Bankruptcy Court District of
Minnesota. 
 “Encumbrances” means any lien, encumbrance, claim (as defined in Section 101(5) of the
Bankruptcy Code), right, demand, charge, mortgage, deed of trust, option, pledge, security interest or similar interest, hypothecation, right of first refusal, preemptive right, judgment, conditional sale or other title retention agreement that are
customarily remedied or terminated under applicable law by order of the Bankruptcy Court upon a sale pursuant to Sections 363 and 365 of the Bankruptcy Code (the “Sale Order”), excluding any contracts or leases assumed by Borrower.

 “Project Viking Acquisition” means the Permitted Acquisition of twenty nine (29) restaurants located in
California and Minnesota previously operated under another brand and the acquisition of the associated real property fee and/or leasehold interests, in each case from Wagstaff Management Corporation, a California corporation, Wagstaff Minnesota,
Inc., a California corporation, Wagstaff Properties Minnesota, LLC a California limited liability company, Wagstaff Properties, LLC, a California limited liability company, D&D Property Investments, LLC, a California limited liability company,
and D&D Food Management, Inc. (collectively, the “Viking Seller”), upon a sale pursuant to Sections 363 and 365 of the Bankruptcy Code. 
 “Project Viking Assets” means the assets which are the subject of the Project Viking Acquisition. 
 “Project Viking Expenditures” means any capital expenditures otherwise included in the calculation of Consolidated Capital Expenditures and any Consolidated Rental Expense incurred in
connection with the Project Viking Acquisition, each made solely to maintain, protect, preserve, secure, prepare, renovate, repair, lease, re-image, dispose and equip certain of the facilities that are the subject of the Borrower’s Project
Viking Acquisition, up to a maximum of $15,000,000, inclusive of Project Viking Pre-Opening Expenses. For clarification, to the extent that the sum of Project Viking Expenditures and Project Viking Pre-Opening Expenses exceeds $15,000,000 in the
aggregate, such excess shall not constitute Project Viking Expenditures. 
 “Project Viking Pre-Opening
Expenses” means pre-opening restaurant expenses including utilities, temporary fencing, lot maintenance, security and insurance costs incurred in connection with the Project Viking Acquisition, up to a maximum of $15,000,000,
inclusive of Project Viking Expenditures. For clarification, to the extent that the sum of Project Viking Expenditures and Project Viking Pre-Opening Expenses exceeds $15,000,000 in the aggregate, such excess shall not constitute Project Viking
Pre-Opening Expenses. 
 B. Section 1.01 of the Credit Agreement is hereby amended by amending the following definition:

 “Consolidated Capital Expenditures” shall be deleted in its entirety and replaced with the following:

  
 S-2

 “Consolidated Capital Expenditures” means, for any period, the aggregate
of all expenditures (whether paid in cash or other consideration or accrued as a liability and including that portion of Capital Lease Obligations which is capitalized on the consolidated balance sheet of Borrower and its Subsidiaries) by Borrower
and its Subsidiaries during that period that, in conformity with GAAP as in effect on the date hereof, are included in “additions to property, plant or equipment” or comparable items reflected in the consolidated statement of cash flows of
Borrower and its Subsidiaries; provided, however, Consolidated Capital Expenditures shall not include expenditures made from the proceeds of any insurance or condemnation payments (or payments made in lieu of condemnation) received by
Borrower and its Subsidiaries and used to repair or replace the damaged property with respect to which such proceeds were received or the purchase price paid in Permitted Acquisitions. 

2.2 Amendment to Article V: Affirmative Covenants 
 A. Notwithstanding Section 5.11 (Additional Subsidiaries and Real Property Assets), the Real Property Assets and Real Property Leases acquired in the Project Viking Acquisition shall not be subject
to the Collateral and Guarantee Requirement and Borrower shall not be required to deliver any Additional Mortgages with respect to such interests, provided that, notwithstanding anything to the contrary set forth in Section 6.02,
Borrower shall not grant any Lien upon same to secure any Indebtedness other than the Obligations and shall not permit any Lien to exist upon same other than Permitted Encumbrances. 

2.3 Amendment to Article VI: Negative Covenants 
 A. Section 6.11 (Minimum Fixed Charge Coverage Ratio) is hereby amended to read as follows: 
 As of the last day of any fiscal quarter ending on or after the Closing Date until the last day of the third fiscal quarter of 2012, the Borrower will not permit the ratio of (i) Consolidated
EBITDAR less provisions for current taxes based upon or determined by reference to income of Borrower and its Subsidiaries and payable in cash with respect to such period less Consolidated Capital Expenditures to (ii) Consolidated
Fixed Charges, in each case for the period of four consecutive fiscal quarters ending on or most recently ended prior to such day to be less than 1.25:1.00. 
 For the period beginning on the first day of the fourth fiscal quarter of 2012 and ending on the last day of the fourth fiscal quarter of 2013, the Borrower will not permit the ratio of
(i) Consolidated EBITDAR, plus, without duplication the Project Viking Pre-Opening Expenses to the extent such amounts (a) have been deducted from Consolidated Net Income in calculating Consolidated EBITDAR or (b) have not been
added back to Consolidated EBITDAR, less provisions for current taxes based upon or determined by reference to income of Borrower and its Subsidiaries and payable in cash with respect to such period less Consolidated Capital
Expenditures (other than and excluding Project Viking Expenditures) to (ii) Consolidated Fixed Charges (other than and excluding Project Viking Expenditures), in each case for the period of four consecutive fiscal quarters ending on or most
recently ended prior to such day to be less than 1.25:1.00. 

  
 S-3

 For the period beginning on the first day of the first fiscal quarter of 2014,
and ending on the last day of any fiscal quarter thereafter, the Borrower will not permit the ratio of (i) Consolidated EBITDAR less provisions for current taxes based upon or determined by reference to income of Borrower and its
Subsidiaries and payable in cash with respect to such period less Consolidated Capital Expenditures to (ii) Consolidated Fixed Charges, in each case for the period of four consecutive fiscal quarters ending on or most recently ended
prior to such day to be less than 1.25:1.00. 
 SECTION 3. CONDITIONS PRECEDENT TO EFFECTIVENESS 

3.1 The effectiveness of the amendments set forth at Section 2 hereof are subject to the satisfaction, or waiver, of the
following conditions on or before the date hereof: 
 A. The Borrower, the Required Lenders and each Subsidiary Loan Party shall
have indicated their consent to this Amendment by the execution and delivery of the applicable signature pages to the Administrative Agent. 
 B. As of the First Amendment Effective Date, after giving effect to this Amendment, the representations and warranties contained herein and in the other Loan Documents shall be true, correct and complete
in all material respects on and as of the First Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case such
representations and warranties shall have been true, correct and complete in all material respects on and as of such earlier date. 
 C. As of the First Amendment Effective Date, after giving effect to this Amendment, no event shall have occurred and be continuing that would constitute an Event of Default or a Default. 

D. The Administrative Agent shall have received a certificate from an authorized officer of the Borrower, certifying that (i) no
Default or Event of Default has occurred and is continuing or would result from the Project Viking Acquisition, and (ii) the Borrower and the Subsidiaries are in compliance, on a pro forma basis after giving effect to the Project Viking
Acquisition, with the Financial Covenants recomputed as at the last day of the most recently ended fiscal quarter of the Borrower for which financial statements are available as if such acquisition had occurred on the first day of each relevant
period for testing such compliance. 
 E. The Administrative Agent shall have received a copy of the order entered by the
Bankruptcy Court that (i) includes a specific finding that Borrower is a good faith purchaser of the Project Viking Assets within the meaning of §363(m) of the Bankruptcy Code and is entitled to the protections of §363(m) of the
Bankruptcy Code, and (ii) states that the sale of the Project Viking Assets to Borrower shall be free and clear of all Encumbrances. 

  
 S-4

 F. As of the First Amendment Effective Date, the Borrower shall have paid all fees and other
amounts due and payable, including, to the extent invoiced, reimbursement or other payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower under any Loan Document. 

SECTION 4. REPRESENTATIONS AND WARRANTIES 
 In order to induce Required Lenders to enter into this Amendment, each applicable Loan Party represents and warrants to each Lender, as of the date hereof and upon giving effect to this Amendment, that
the representations and warranties contained in each of the Loan Documents are true, correct and complete in all material respects on and as of the date hereof to the same extent as though made on and as of that date, except to the extent such
representations and warranties specifically relate to an earlier date, in which case such representations and warranties shall have been true, correct and complete in all material respects on and as of such earlier date. 

SECTION 5. ACKNOWLEDGMENT AND CONSENT 
 5.1 Each Subsidiary Loan Party has (i) guarantied the Obligations and (ii) created Liens in favor of Lenders on certain Collateral to secure such obligations. 

5.2 Each Subsidiary Loan Party hereby acknowledges that it has reviewed the terms and provisions of the Credit Agreement and this
Amendment and consents to the amendment of the Credit Agreement effected pursuant to this Amendment. Each Subsidiary Loan Party hereby confirms that each Security Document to which it is a party or otherwise bound and all Collateral encumbered
thereby will continue to guarantee or secure, as the case may be, to the fullest extent possible in accordance with the Security Documents, the payment and performance of all Obligations under the Credit Agreement and the Obligations (as such term
is defined in the Security Documents) under the Security Documents, as the case may be, including without limitation the payment and performance of all such Obligations under the Credit Agreement and the Obligations under the Security Documents in
respect of the Obligations of Borrower now or hereafter existing under or in respect of the Credit Agreement, as amended hereby, and grants to the Collateral Agent a continuing lien on and security interest in and to all Collateral as collateral
security for the prompt payment and performance in full when due of the Obligations under the Credit Agreement and the Obligations under the Security Documents (whether at stated maturity, by acceleration or otherwise). 

5.3 Each Subsidiary Loan Party acknowledges and agrees that any of the Security Documents to which it is a party or otherwise bound
shall continue in full force and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution or effectiveness of this Amendment. Each Subsidiary Loan Party represents and
warrants that all representations and warranties contained in the Credit Agreement, as amended hereby, and the Security Documents to which it is a party or otherwise bound are true, correct and complete in all material respects on and as of the
First Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties specifically relate to an earlier date, in which case they were true, correct and complete in all
material respects on and as of such earlier date. 

  
 S-5

 5.4 Each Subsidiary Loan Party acknowledges and agrees that (i) notwithstanding
the conditions to effectiveness set forth in this Amendment, such Subsidiary 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 Subsidiary Loan Party to any future amendments to the Credit Agreement. 

SECTION 6. MISCELLANEOUS 

6.1 This Amendment shall be binding upon the parties hereto and the Lenders and their respective successors and assigns and shall
inure to the benefit of the parties hereto and the successors and assigns of Lenders. No Loan Party’s rights or obligations hereunder or any interest therein may be assigned or delegated by any Loan Party without the prior written consent of
all Lenders. 
 6.2 In case any provision in or obligation hereunder shall be invalid, illegal or unenforceable in any
jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

6.3 On and after the First Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof”
or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended by this Amendment. 
 6.4 Except as specifically amended by this Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed. 

6.5 The execution, delivery and performance of this Amendment shall not, except as expressly provided herein, constitute a waiver
of any provision of, or operate as a waiver of any right, power or remedy of any Agent or Lender under, the Credit Agreement or any of the other Loan Documents. 
 6.6 Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect. 

6.7 THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 6.8 This Amendment may be executed in any number of
counterparts, each of which when so executed and delivered shall be deemed to be an original, but all such counterparts together shall constitute but one and the same instrument. As set forth herein, this Amendment shall become effective upon the
execution of a counterpart hereof by each of the parties hereto and receipt by Borrower and Administrative Agent of written or telephonic notification of such execution and authorization of delivery thereof. 

[Remainder of this Page Intentionally Left Blank – Signature Pages Follow] 

  
 S-6

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

							
	BORROWER:	 		 	AFC ENTERPRISES, INC.,
				
		 		 	By:	 	 /s/ H. Melville Hope, III

		 		 		 	    Name: H. Melville Hope, III
		 		 		 	    Title: CFO
			
	SUBSIDIARY LOAN PARTY:	 		 	AFC PROPERTIES, INC.
				
		 		 	By:	 	 /s/ H. Melville Hope, III

		 		 		 	    Name: H. Melville Hope, III
		 		 		 	    Title: CFO

  

  
 S-7

							
	LENDERS:	 		 	 JPMORGAN CHASE BANK, N.A., individually as a
 Lender and as Administrative Agent

				
		 		 	By	 	 /s/ Antje B. Focke

		 		 		 	Name: Antje B. Focke
		 		 		 	Title: Senior Underwriter

  

  
 S-8

 
			
	 By signing below, you have indicated your consent to the

First Amendment
  
 Institution Name:
  
 BANK OF
AMERICA, N.A.

		
	By	 	 /s/ John H. Schmidt

		 	Name: John H. Schmidt
		 	Title: Senior Vice President

  
 S-9

 
			
	 By signing below, you have indicated your consent to the

First Amendment
  
 Institution Name:
  
 AMEGY
BANK, N.A.

		
	By	 	 /s/ William B.
Pyle            

		 	 Name: William B. Pyle

		 	 Title: Executive Vice President

  
 S-10

 
			
	 By signing below, you have indicated your consent to the

First Amendment
  
 Institution Name:
  
 FIFTH THIRD BANK, an Ohio Banking Company

		
	By	 	 /s/ Dan Komitor

		 	 Name: Dan Komitor

		 	 Title: Senior Relationship Manager

  
 S-11

 
			
	 By signing below, you have indicated your consent to the

First Amendment
  
 Institution Name:
  
 CAPITAL ONE, NATIONAL ASSOCIATION

		
	By	 	 /s/ Jacob J Villere

		 	 Name: Jacob J Villere

		 	 Title: VP - US Coporate Banking

  
 S-12

 
			
	 By signing below, you have indicated your consent to the

First Amendment
  
 Institution Name:
  
 WELLS FARGO BANK, N.A.

		
	By	 	 /s/ Maureen S. Malphus

		 	 Name: Maureen S. Malphus

		 	Title: Vice President

  
 S-13

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