Document:

MidOcean SBR Holdings, LLC Unit Purchase Warrant dated as of March 26, 2009

 Exhibit 4.5 
 THE SECURITIES REPRESENTED BY THIS WARRANT AND ISSUABLE UPON EXERCISE HEREOF ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND CERTAIN OTHER CONDITIONS, AS SPECIFIED IN THE OPERATING AGREEMENT DATED AS OF JANUARY 31, 2007, AS MAY BE AMENDED.
NO TRANSFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION OR OTHER DISPOSITION OF THIS WARRANT OR THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY BE MADE EXCEPT PURSUANT TO AND AS OTHERWISE PROVIDED IN SUCH OPERATING AGREEMENT,
(A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 AND THE RULES AND REGULATIONS IN EFFECT THEREUNDER AND ALL APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS (SUCH FEDERAL AND STATE LAWS, THE
“SECURITIES LAWS”) OR (B) IF THE COMPANY HAS BEEN FURNISHED WITH AN OPINION OF COUNSEL FOR THE HOLDER, WHICH OPINION AND COUNSEL SHALL BE REASONABLY SATISFACTORY TO THE COMPANY, TO THE EFFECT THAT SUCH TRANSFER, SALE, ASSIGNMENT,
PLEDGE, HYPOTHECATION OR OTHER DISPOSITION IS EXEMPT FROM THE PROVISIONS OF THE SECURITIES LAWS. 
 MIDOCEAN SBR HOLDINGS, LLC 

 UNIT PURCHASE WARRANT 
  

			
	Date of Issuance: March 26, 2009	 	Certificate No. W-3

 FOR VALUE RECEIVED, MidOcean SBR Holdings, LLC, a Delaware limited liability company (the
“Company”), hereby grants to MidOcean Partners III-D, L.P. or its registered assigns (the “Registered Holder”) the right to receive a number of Class A Units as specified in Section 1B below at a
price per share of $0.01 (the “Exercise Price”). This Warrant is issued pursuant to the terms of that certain Second Lien Credit Agreement entered into as of March 26, 2009 by and among Sbarro Holdings, LLC, a Delaware limited
liability company, Sbarro, Inc., a New York corporation, the lenders thereto and Natixis, New York Branch, as Administrative Agent and Collateral Agent. Certain capitalized terms used herein are defined in Section 4 hereof. Capitalized
terms used herein but not defined shall have their respective meanings set forth in the Operating Agreement. The amount and kind of securities obtainable pursuant to the rights granted hereunder and the purchase price for such securities are subject
to adjustment pursuant to the provisions contained in this Warrant. 
 This Warrant is subject to the following provisions: 
 Section 1. Exercise of Warrant. 
 1A. Exercise Period. The Registered Holder may exercise, in whole or in part (including, with respect to a fractional Class A Unit), the purchase rights represented by this Warrant at any time and from time to time after the
Date of Issuance to and including the tenth anniversary thereof (the “Exercise Period”); provided, that if the Registered Holder has not exercised this Warrant on or before the date on which a Company Sale (as such term is defined
in the Operating Agreement) is consummated, this Warrant shall expire and terminate automatically and shall be of no further force and effect. The Company shall give the Registered Holder written notice of the expiration of the rights hereunder at
least 30 days but not more than 90 days prior to the end of the Exercise Period. 

 1B. Exercise Number. The exercise number will, at any time of determination, be equal to
(i) 0.2637% of the number of Class A Units outstanding at the Exercise Time, plus (ii) 0.2637% of the Incentive Units outstanding at the Exercise Time as and to the extent such Incentive Units receive distributions pursuant to the
terms of the Operating Agreement (it being understood that the intent of the foregoing is to provide distributions in respect of this Warrant equal to 0.2637% of all such distributions made under the Operating Agreement, determined at the time of
such distribution). 
 1C. Exercise Procedure. 
 (i) The purchase rights represented by this Warrant with respect to any Warrant Units shall be deemed to have been exercised when the Company has received all of the following items (the “Exercise
Time”): 
 (a) a completed Exercise Agreement, as described in paragraph 1D below, executed by the Person
exercising all or part of the purchase rights represented by this Warrant (the “Purchaser”); 
 (b) if this
Warrant is not registered in the name of the Purchaser, an Assignment or Assignments in the form set forth in Exhibit II hereto evidencing the assignment of this Warrant to the Purchaser, in which case the Registered Holder shall have
complied with the provisions set forth in Section 6 hereof; and 
 (c) payment of the Exercise Price, at the
option of the Registered Holder, (w) by wire transfer of funds to an account in a bank located in the United States designated by the Company for such purpose, (x) by check payable to the Company, (y) by application of any Warrants
and/or Warrant Units, as provided below, or (z) by any combination of such methods. 
 (ii) If the Class A Units are in certificate
form, certificates for Warrant Units purchased upon exercise of this Warrant shall be delivered by the Company to the Purchaser within 5 Business Days after the date of the Exercise Time. Unless this Warrant has expired or terminated or all of the
purchase rights represented hereby have been exercised, the Company shall prepare a new Warrant, substantially identical hereto, representing the rights formerly represented by this Warrant which have not expired or been exercised and shall, within
5 Business Days, deliver such new Warrant to the Person designated for delivery in the Exercise Agreement. 
 (iii) Any Warrant Units
issuable upon the exercise of this Warrant shall be deemed to have been issued to the Purchaser at the Exercise Time, and the Purchaser shall be deemed for all purposes to have become the record holder of such Warrant Units at the Exercise Time.

 (iv) Except as otherwise set forth in Section 6, the issuance of certificates for any Warrant Units upon exercise of this
Warrant shall be made without charge to the Registered Holder or the Purchaser for any issuance tax in respect thereof or other cost incurred by the Company in connection with such exercise and the related issuance of such Warrant Units. Each
Warrant Unit issuable upon exercise of this Warrant shall be duly authorized, validly issued, fully paid and nonassessable and free from all liens and charges with respect to the issuance thereof, and there shall be no binding obligations under the
Operating Agreement or otherwise to make further capital contributions in respect thereof. 
 (v) The Company shall not close its books
against the transfer of this Warrant or of any Warrant Unit issued or issuable upon the exercise of this Warrant in any manner which interferes with the timely exercise of this Warrant. 
  

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 (vi) The Company shall reasonably assist and cooperate with the Registered Holder or Purchaser required
to make any governmental filings or obtain any governmental approvals prior to or in connection with any exercise of this Warrant (including, without limitation, making any filings required to be made by the Company). 
 (vii) Notwithstanding any other provision hereof, if an exercise of any portion of this Warrant is to be made in connection with a registered public
offering or the sale of the Company, the exercise of any portion of this Warrant may, at the election of the Registered Holder, be conditioned upon the consummation of the public offering or the sale of the Company in which case such exercise shall
not be deemed to be effective until the consummation of such transaction. 
 (viii) The Company shall take all actions as may be necessary to
assure that all Warrant Units issuable upon exercise of this Warrant may be so issued without violation of any applicable law or governmental regulation or any requirements of any domestic securities exchange upon which such Warrant Units may be
listed (except for official notice of issuance which shall be immediately delivered by the Company upon each such issuance). 
 (ix) The
Company shall at all times reserve and keep available out of its authorized but unissued units such number of Warrant Units solely for the purpose of issuance upon any exercise of this Warrant. 
 1D. Exercise Agreement. Upon any exercise of this Warrant, the Exercise Agreement shall be substantially in the form set forth in Exhibit I
hereto, except that to the extent permitted hereunder and under the terms of the Operating Agreement if the Warrant Units are not to be issued in the name of the Person in whose name this Warrant is registered, the Exercise Agreement shall also
state the name of the Person to whom the certificates for the Warrant Units are to be issued, and if the number of Warrant Units to be issued does not include all the Warrant Units purchasable hereunder, it shall also state the name of the Person to
whom a new Warrant for the unexercised portion of the rights hereunder is to be delivered. Such Exercise Agreement shall be dated the actual date of execution thereof. Upon exercise of this Warrant in whole or in part, the Registered Holder may, at
its option, submit to the Company written instructions from the Registered Holder to apply any specified number of Warrant Units issuable upon such exercise in payment of the Exercise Price required upon such exercise, in which case the Company will
accept such specified number of Warrant Units (at a value per unit equal to the then Market Price thereof less the Exercise Price then in effect), in lieu of a like amount of such cash payment. 
 1E. Automatic Exercise on Last Day of Final Exercise Period. If this Warrant shall not have been terminated or exercised in full on or before the
last day of the Exercise Period, then this Warrant shall be automatically exercised, without further action on the part of the Registered Holder, in full (and the Registered Holder shall be deemed to be a holder of the Warrant Units issued upon such
automatic exercise) on and as of the last day of the Exercise Period, unless at any time on or before such last day of the Exercise Period the Registered Holder shall notify the Company in writing that no such automatic exercise is to occur. Payment
of the Exercise Price due in connection with any such automatic exercise pursuant to this paragraph 1E shall be made by application of Warrants (at a value equal to the then Market Price thereof) equal to the aggregate Exercise Price which is
due upon such exercise, unless at any time on or before such last day of the Exercise Period the Registered Holder shall notify the Company that the Registered Holder elects one of the other payment options set forth in paragraph 1C(i)(c). As
promptly as practicable following any such automatic exercise, and in any event within 5 Business Days after the day that the Registered Holder surrenders this Warrant to the Company for cancellation, the Company shall cause to be issued and
delivered to the Registered Holder a certificate 

  

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registered in the name of the Registered Holder (unless the Registered Holder shall specifically instruct the Company otherwise) representing the Warrant
Units issued in connection with such automatic exercise of this Warrant minus the number of Warrant Units, if any, applied in payment of the Exercise Price. 
 Section 2. Adjustment of Exercise Price and Number of Units. In order to prevent dilution of the rights granted under this Warrant, the Exercise Price shall be subject to adjustment from time to time as
provided in this Section 2, and the number of Class A Units obtainable upon exercise of this Warrant shall be subject to adjustment from time to time as provided in this Section 2. 
 2A. Subdivision or Combination of Units. If the Company at any time subdivides (by any unit split, recapitalization or otherwise) one or more
series or classes, its outstanding Class A Units into a greater number of units, the Exercise Price in effect immediately prior to such subdivision shall be proportionately reduced and the number of Class A Units obtainable upon exercise
of this Warrant shall be proportionately increased. If the Company at any time combines (by reverse unit split or otherwise) one or more series or classes of its outstanding Class A Units into a smaller number of units, the Exercise Price in
effect immediately prior to such combination shall be proportionately increased and the number of Class A Units obtainable upon exercise of this Warrant shall be proportionately decreased. 
 2B. Reorganization, Reclassification, Consolidation, Merger or Sale. Any recapitalization, reorganization, reclassification, consolidation,
merger, sale of all or substantially all of the Company’s assets or other transaction, in each case which is effected in such a way that the holders of Class A Units are entitled to receive (either directly or upon subsequent liquidation)
stock, securities or assets with respect to or in exchange for Class A Units is referred to herein as an “Organic Change.” Prior to the consummation of any Organic Change, the Company shall make appropriate provision (in form
and substance satisfactory to the Registered Holder) to insure that the Registered Holder shall thereafter have the right to acquire and receive, in lieu of the Warrant Units immediately theretofore acquirable and receivable upon the exercise of the
Registered Holder’s Warrant, such equity interests, securities or assets as would have been issued or payable in such Organic Change (if the Registered Holder had exercised this Warrant immediately prior to such Organic Change) with respect to
or in exchange for the number of Warrant Units immediately theretofore acquirable and receivable upon exercise of the Registered Holder’s Warrant had such Organic Change not taken place. In any such case, the Company shall make appropriate
provision (in form and substance satisfactory to the Registered Holder) with respect to the Registered Holder’s rights and interests to insure that the provisions of this Section 2 and Section 3 hereof shall thereafter
be applicable to this Warrant (including, in the case of any such consolidation, merger or sale in which the successor entity or purchasing entity is other than the Company, an immediate adjustment of the Exercise Price to the value for the
Class A Units reflected by the terms of such consolidation, merger or sale, and a corresponding immediate adjustment in the number of Warrant Units acquirable and receivable upon exercise of this Warrant, if the value so reflected is less than
the Exercise Price in effect immediately prior to such consolidation, merger or sale). The Company shall not effect any such consolidation, merger or sale, unless prior to the consummation thereof, the successor entity (if other than the Company)
resulting from consolidation or merger or the entity purchasing such assets assumes by written instrument (in form and substance satisfactory to the Registered Holder), the obligation to deliver to the Registered Holder such equity interests,
securities or assets as, in accordance with the foregoing provisions, the Registered Holder may be entitled to acquire. 
 2C. The Company
shall also give written notice to the Registered Holder at least 20 days prior to the date on which any Organic Change, dissolution or liquidation shall take place. 
  

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 Section 3. Distributions. If the Company pays a distribution, or similar transaction, to the
Class A Units, including a tax distribution pursuant to Section 4.1(a) of the Operating Agreement (a “Distribution”), then the Company shall pay to the Registered Holder of this Warrant at the time of payment thereof the
Distribution which would have been paid to the Registered Holder with respect to the Warrant Units had this Warrant been fully exercised immediately prior to the date on which a record is taken for such Distribution, or, if no record is taken, the
date as of which the record holders of Class A Units entitled to such distributions are to be determined. 
 Section 4.
Definitions. The following terms have the meanings set forth below: 
 “Appraisal Procedure” means the following
procedure to determine the fair market value, as to any security, for purposes of the definition of “Fair Market Value” or the fair market value, as to any other property (in either case, the “Valuation Amount”). The
Valuation Amount shall be determined in good faith jointly by the board of directors of the Company and the Registered Holder; provided, however, that if such parties are not able to agree on the Valuation Amount within a reasonable period of time
(not to exceed 20 Business Days), the Valuation Amount shall be determined by an investment banking firm of national reputation, which firm shall be reasonably acceptable to the board of directors. If the board of directors and the Registered Holder
are unable to agree upon an acceptable investment banking firm within 10 days after the date either party proposed that one be selected, the investment banking firm will be selected by an arbitrator located in New York, New York, selected by the
American Arbitration Association (or if such organization ceases to exist, the arbitrator shall be chosen by a court of competent jurisdiction). The arbitrator shall select the investment banking firm (within 10 days of his appointment) from a list,
jointly prepared by the board of directors and the Registered Holder, of not more than 6 investment banking firms of national reputation in the United States, of which no more than 3 may be named by the board of directors and no more than 3 may be
named by the Registered Holder. The arbitrator may consider, within the ten-day period allotted, arguments from the parties regarding which investment banking firm to choose, but the selection by the arbitrator shall be made in its sole discretion
from the list of 6 investment banking firms. The board of directors and the Registered Holder shall submit their respective valuations and other relevant data to the investment banking firm, and the investment banking firm shall, within 30 days of
its appointment, make its own determination of the Valuation Amount. The determination of the final Valuation Amount by such investment banking firm shall be final and binding upon the parties. The Company shall pay all of the fees and expenses of
the investment banking firm and arbitrator (if any) used to determine the Valuation Amount. If required by any such investment banking firm or arbitrator, the Company shall execute a retainer and engagement letter containing reasonable terms and
conditions, including, without limitation, customary provisions concerning the rights of indemnification and contribution by the Company in favor of such investment banking firm or arbitrator and its officers, directors, partners, employees, agents
and Affiliates. 
 “Business Day” means any day that is not a Saturday or Sunday or a day on which banks are required or
permitted to be closed in the State of New York. 
 “Class A Units” means, collectively, the Company’s Class A
Units, as constituted on the Date of Issuance, and any equity interests into which such units may thereafter be changed, and shall also include (i) equity interests of the Company of any other class (regardless of how denominated) issued to the
holders of Class A Units upon any reclassification thereof which is also not preferred as to dividends or liquidation over any other class of units of the Company and which is not subject to redemption and (ii) equity interests or
securities of any successor company received by or distributed to the holders of Class A units of the Company in circumstances contemplated by paragraph 2B hereof. 
  

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 “Fair Market Value” means as to any security the fair market value thereof as determined
in accordance with the Appraisal Procedure, using any appropriate valuation method, assuming an arms-length sale to an independent party. In determining the Fair Market Value of any security, a sale of all of the issued and outstanding class or
series of such security will be assumed, without giving regard to the lack of liquidity of such security due to any restrictions (contractual or otherwise) applicable thereto or any discount for minority interests and assuming the conversion or
exchange of all securities then outstanding that are convertible into or exchangeable for such security and the exercise of all rights and warrants then outstanding and exercisable to purchase units of such equity or securities convertible into or
exchangeable for units of such equity; provided, however, that such assumption will not include those securities, rights and warrants convertible into such equity where the conversion, exchange or exercise price per unit is greater than the Fair
Market Value; provided, further, however, that Fair Market Value shall be determined with regard to the relative priority of each class or series of such equity or securities (if more than one class or series exists). “Fair Market Value”
means with respect to property other than securities, the “fair market value” determined in accordance with the Appraisal Procedure. 
 “Governmental Entity” means a domestic (federal, state, municipal or local) or foreign or multinational government or governmental, regulatory, political, judicial or quasi-judicial or administrative subdivision,
department, authority, entity, agency, commission, board, bureau, court or instrumentality. 
 “Incentive Units” has the
meaning set forth in the Operating Agreement. 
 “Market Price” means as to any security the Ten Day Average of the average
closing prices of such security’s sales on all domestic securities exchanges on which such security may at the time be listed, or, if there have been no sales on any such exchange on any day, the average of the highest bid and lowest asked
prices on all such exchanges at the end of such day, or, if on any day such security is not so listed, the average of the representative bid and asked prices quoted on The Nasdaq National Market System as of 4:00 P.M., New York City time, on such
day, or, if on any day such security is not quoted on The Nasdaq National Market System, the average of the highest bid and lowest asked prices on such day in the domestic over-the-counter market as reported by the National Quotation Bureau,
Incorporated, or any similar or successor organization (and in each such case excluding any trades that are not bona fide, arm’s length transactions). If at any time such security is not listed on any domestic securities exchange or quoted on
The Nasdaq National Market System or the domestic over-the-counter market, the Market Price of such security shall be the Fair Market Value. 
 “Operating Agreement” means the Amended and Restated Limited Liability Company Agreement, dated as of January 31, 2007, by and among the Company and the equity holders party thereto, as such agreement may be amended
from time to time. 
 “Person” means an individual, a partnership, a limited liability company, a corporation, a
cooperative, an association, a joint stock company, a trust, an estate, a joint venture, an unincorporated organization or entity of any kind or nature, including a Governmental Entity. 
 “Ten Day Average” means, with respect to any prices and in connection with the calculation of Fair Market Value, the average of such
prices over the 10 Business Days ending on the Business Day immediately prior to the day as of which “Fair Market Value” is being determined. 
 “Warrant Units” means the Company’s Class A Units obtained or obtainable upon any exercise of this Warrant; provided that if there is a change such that the securities issuable upon exercise
of this Warrant are issued by an entity other than the Company or there is a change in the type or class of 

  

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securities so issuable, then the term “Warrant Units” shall mean one share of the security issuable upon exercise of this Warrant if such
security is issuable in shares, or shall mean the smallest unit in which such security is issuable if such security is not issuable in shares. 
 Section 5. No Voting Rights; Limitations of Liability. This Warrant shall not entitle the Registered Holder to any voting rights or other rights as a member of the Company. No provision hereof, in the absence of affirmative
action by the Registered Holder to purchase Warrant Units, and no enumeration herein of the rights or privileges of the Registered Holder shall give rise to any liability of the Registered Holder for any further payment in respect of Warrant Units
acquirable by exercise hereof or as a member of the Company. 
 Section 6. Warrant Transferable. Subject to the restrictions of
paragraph 6(ii), each of this Warrant and all rights hereunder, in whole or in part, shall be registered on the books of the Company to be maintained for such purpose, upon surrender of this Warrant with a properly executed Assignment (in the
form of Exhibit II hereto) at the principal office of the Company, together with a funds sufficient to pay any transfer taxes in connection with the making of such transfer. Upon such surrender and delivery and, if required, such payment, the
Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees and in the denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this
Warrant not so assigned and this Warrant shall promptly be cancelled. A Warrant may be exercised by the new holder for the purchase of Warrant Units without having a new Warrant issued. 
 (i) The Registered Holder, by acceptance of this Warrant, agrees, with respect to this Warrant, to the restrictive legend requirements and transfer and
other provisions contained in the Operating Agreement. Furthermore, the Registered Holder of this Warrant, by acceptance thereof, agrees and acknowledges that the Warrant Units issuable upon the exercise hereof, are subject to the restrictive legend
requirements set forth on the forepart of this Warrant and that each certificate evidencing the Warrant Units shall be stamped or otherwise imprinted with a legend similar to that at the forepart of this Warrant, unless prior to the exercise of this
Warrant, the Warrant Units issuable upon exercise thereof shall have been registered under the Securities Act of 1933. 
 (ii) The Company
shall prepare, issue and deliver at its own expense any new Warrant or Warrants required to be issued under this Section 6; provided that the Registered Holder of the Warrant shall be responsible for any and all transfer taxes incurred
in connection with the transfer of the Warrant. 
 Section 7. Warrant Exchangeable for Different Denominations. This Warrant is
exchangeable, upon the surrender hereof by the Registered Holder at the principal office of the Company, for new Warrants of like tenor representing in the aggregate the purchase rights hereunder, and each of such new Warrants shall represent such
portion of such rights as is designated by the Registered Holder at the time of such surrender. The date the Company initially issues this Warrant shall be deemed to be the “Date of Issuance” hereof regardless of the number of times
new certificates representing the unexpired and unexercised rights formerly represented by this Warrant shall be issued. All Warrants representing portions of the rights hereunder are referred to herein as the “Warrants.” 
 Section 8. Replacement. Upon receipt of evidence reasonably satisfactory to the Company (an affidavit of the Registered Holder shall be
satisfactory) of the ownership and the loss, theft, destruction or mutilation of any certificate evidencing this Warrant, and in the case of any such loss, theft or destruction, upon receipt of indemnity reasonably satisfactory to the Company
(provided that if the holder is a financial institution or other institutional investor its own agreement shall be satisfactory), or, 

  

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in the case of any such mutilation upon surrender of such certificate, the Company shall (at its expense) execute and deliver in lieu of such certificate a
new certificate of like kind representing the same rights represented by such lost, stolen, destroyed or mutilated certificate and dated the date of such lost, stolen, destroyed or mutilated certificate. 
 Section 9. Notices. Except as otherwise expressly provided herein, all notices referred to in this Warrant shall be in writing and shall be
delivered personally, sent by reputable overnight courier service (charges prepaid) or sent by registered or certified mail, return receipt requested, postage prepaid and shall be deemed to have been given when so delivered, sent or deposited in the
U. S. Mail (i) to the Company, at its principal executive offices and (ii) to the Registered Holder of this Warrant, at such holder’s address as it appears in the records of the Company (unless otherwise indicated by any such holder).

 Section 10. Amendment and Waiver. Except as otherwise provided herein, the provisions of this Warrant may be amended and the
Company may take any action herein prohibited, or omit to perform any act herein required to be performed by it, only if the Company has obtained the written consent of the Registered Holder. 
 Section 11. Descriptive Headings; Governing Law. The descriptive headings of the several Sections and paragraphs of this Warrant are inserted
for convenience only and do not constitute a part of this Warrant. The limited liability company laws of the State of Delaware shall govern all issues concerning the relative rights of the Company and its equity holders. All other questions
concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed by the internal law of the State of Delaware, without giving effect to any choice of law or conflict of law provision or rule (whether of the
State of Delaware or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of Delaware. 
 Section 12. Nonwaiver. No course of dealing or any delay or failure to exercise any right, power or remedy hereunder on the part of the Registered Holder shall operate as a waiver of or otherwise prejudice such holder’s
rights, powers or remedies. 
 Section 13. Remedies. No remedy conferred in this Warrant on the Registered Holder is intended to
be exclusive of any other remedy, and each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or under any other agreement, document or instrument or now or hereafter existing at law or in equity
or by statute or otherwise. 
 Section 14. Successors and Assigns. This Warrant and the rights evidenced hereby shall inure to
the benefit of and be binding upon the successors and permitted assigns of the Company and the Registered Holder, and shall be enforceable by such holder or holders. 
 Section 15. Entire Agreement, Partial Invalidity. This Warrant, together with the documents referred to herein, embodies the entire agreement and understanding between the holder hereof and the Company and
supersedes all prior agreements and understandings relating to the subject matter hereof. 
  

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 IN WITNESS WHEREOF, the Company has caused this Warrant to be signed and attested by its duly authorized
officers under its corporate seal and to be dated the Date of Issuance hereof. 
  

			
	MIDOCEAN SBR HOLDINGS, LLC
		
	By	 	 /s/ Peter Beaudrault

	Its	 	 President

  

	
	 Attest:

	
	 /s/ Stuart M. Steinberg

	 Secretary

 Signature page to Unit Purchase Warrant 

 EXHIBIT I 
 EXERCISE AGREEMENT 
  

			
	To:	 	Dated:

 The undersigned, pursuant to the provisions set forth in the attached Warrant (Certificate No.
W-3), hereby agrees to subscribe for the purchase of              of the Warrant Units covered by such Warrant and makes payment herewith in full therefor at the price per unit provided by
such Warrant. 
  

			
	 Signature
	 	  

		
	 Address
	 	  

 Signature page to Exhibit I (Exercise Agreement) of Unit Purchase Warrant 

 EXHIBIT II 
 ASSIGNMENT 
 FOR VALUE RECEIVED,
                     hereby sells, assigns and transfers all of the rights of the undersigned under the attached Warrant (Certificate No. W-3) with
respect to the number of units of the Warrant Units covered thereby set forth below, unto: 
  

					
	 Names of Assignee
	 	 Address
	 	 No. of Units

  

					
	 Dated:
	 	Signature	 	  

		 		 	  

		 	WitnessFirst Amendment to Credit Agreement dated as of March 26, 2009

 Exhibit 10.9 
 FIRST AMENDMENT TO CREDIT AGREEMENT 
 FIRST AMENDMENT TO CREDIT AGREEMENT (this
“Amendment”), dated as of March 26, 2009, among Sbarro Holdings, LLC, a Delaware limited liability company (“Holdings”), Sbarro, Inc., a New York corporation (the “Borrower”), and the Lenders
party hereto, amends that certain CREDIT AGREEMENT (as amended, modified or waived prior to the date hereof, the “Credit Agreement”), dated as of January 31, 2007, among Sbarro, Inc., as Borrower, Sbarro Holdings, LLC, as
Holdings, each Person from time to time party thereto as a Lender, Bank of America, N.A., as Administrative Agent, Collateral Agent, Swing Line Lender and L/C Issuer, Credit Suisse, as Syndication Agent, Banc of America Securities LLC and Credit
Suisse Securities (USA) LLC, as Joint Lead Arrangers and Joint Book Managers, and Natixis and Bank of Ireland, as Co-Documentation Agents. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the
Credit Agreement. 
 W I T N E S S E T H: 
 WHEREAS, the Credit Parties have requested that the Lenders agree to amend certain provisions of the Credit Agreement as provided for herein; and 
 WHEREAS, subject to certain conditions, the Required Lenders are willing to agree to the amendments set forth in Section 1 hereof (collectively, the
“Amendments”) relating to the Credit Agreement; 
 NOW, THEREFORE, in consideration of the premises and the
agreements, provisions and covenants herein contained, the parties hereto agree as follows: 
 Section 1. Amendments to Credit
Agreement. 
 (a) Amendments to Section 1.01: Defined Terms. 
 (i) The following definitions shall be added in proper alphabetical sequence: 
 (A) “First Amendment” means the First Amendment to the Credit Agreement, dated as of March 26, 2009, among the Borrower, Holdings
and the Lenders party thereto. 
 (B) “First Amendment Effective Date” means March 26, 2009. 
 (C) “Intercreditor Agreement” means the Intercreditor Agreement, substantially in the form of Exhibit M to this Agreement,
between the Administrative Agent and the Second Lien Administrative Agent, as amended, modified, replaced, restated or otherwise supplemented from time to time. 
 (D) “Reinstatement Date” has the meaning specified in Section 7.09(i). 

 (E) “Second Lien Administrative Agent” means “Administrative Agent” as
defined in the Second Lien Credit Agreement. 
 (F) “Second Lien Collateral Documents” means “Collateral
Documents” as defined in the Second Lien Credit Agreement. 
 (G) “Second Lien Credit Agreement” means the Second Lien
Credit Agreement, dated as of March 26, 2009, among Holdings, the Borrower, each of the lenders from time to time party thereto and Natixis, as administrative agent and collateral agent, as may be amended, restated, modified, increased or
otherwise supplemented from time to time. 
 (H) “Second Lien Credit Obligations” means “Second Lien Credit
Obligations” as defined in the Second Lien Credit Agreement. 
 (I) “Second Lien Lenders” means “Lenders” as
defined in the Second Lien Credit Agreement. 
 (J) “Second Lien Loan Documents” means “Loan Documents” as defined
in the Second Lien Credit Agreement. 
 (K) “Second Lien Loans” means “Loans” as defined in the Second Lien Credit
Agreement. 
 (L) “Second Lien Transaction” means “Transaction” as defined in the Second Lien Credit Agreement.

 (M) “Second Lien Transaction Documents” means “Transaction Documents” as defined in the Second Lien Credit
Agreement. 
 (ii) The definition of “Applicable Margin” is hereby amended by deleting such definition in its entirety and replacing
it with the following: 
 “Applicable Margin”: (i) prior to the First Amendment Effective Date, shall mean
“Applicable Margin” as defined in this Agreement prior to giving effect to the First Amendment and (ii) on and after the First Amendment Effective Date for purposes of calculating (a) the applicable interest rate for any Term B
Loan or the applicable interest rate for any day for any Revolving Loan or any Swing Line Loan, means for Eurodollar Loans, 4.50% or for Base Rate Loans, 3.50%; (b) the applicable rate of the Commitment Fee for any day for purposes of
Section 2.11(a) means, 0.50%, and (c) the applicable rate of the Letter of Credit Fee for any day for purposes of Section 2.11(b)(i) means, 4.50%.” 
 (iii) The definition of “Base Rate” is hereby amended by deleting the “.” at the end of the first sentence thereof and replacing it
with “and (iii) the Eurodollar Rate for a one-month Interest Period plus 100 basis points.” 
  

 -2- 

 (iv) The definition of “Change of Control” is hereby amended by adding the words “or the
Second Lien Credit Agreement” immediately after the words “Senior Notes Indenture” in clause (iv). 
 (v) The definition of
“Collateral Documents” is hereby amended by adding the words “Intercreditor Agreement” immediately after the word “collectively,”. 
 (vi) The definition of “Consolidated Capital Expenditures” is hereby amended by restating clause (vi) thereof in its entirety as follows: 
 “(vi) any expenditures made with the proceeds of a Debt Issuance of Holdings or any of its Subsidiaries (other than Second Lien
Loans, Revolving Loans, and Indebtedness incurred pursuant to Section 7.01(xx) after the Closing Date) to the extent not required to prepay the Loans or used for any other purpose; and” 
 (vii) The definition of “Consolidated EBITDA” is hereby amended by: 
 (A) deleting the words “Synthetic Lease Obligations and” from clause (iii)(B); 
 (B) restating clause (iii)(I) in its entirety as follows: 
 “(I) any financial advisory fees, accounting fees, legal fees and other similar advisory and consulting fees and other out-of-pocket costs and expenses of the Borrower incurred as a result of this Amendment and
the Second Lien Transaction (whether or not actually consummated) and deducted from net income during the Borrower’s fiscal years ending December 28, 2008 and December 27, 2009,” 
 (C) replacing clause (iii)(J) with “[Intentionally Omitted]”; 
 (D) adding the following at the end of clause (iii)(L): “not to exceed an aggregate of $1,000,000”; 
 (E) restating clause (iii)(M) in its entirety as follows: “non-recurring cash charges resulting from severance, consulting, advisory and other similar transition expenses, stay or sign on bonuses, restructuring, consolidation,
transition integration and other adjustments made as a result of Permitted Acquisitions, and other Investments permitted under Section 7.06; provided that the amounts referred to in this clause (M) reported in any
fiscal year ending after December 31, 2006 shall not, in the aggregate, exceed $2,000,000 during any fiscal year and $4,000,000 in the aggregate since the First Amendment Effective Date”; 
 (F) replacing clause (iii)(O) with “[Intentionally Omitted]”; 
 (G) replacing clause (iii)(P) with “[Intentionally Omitted]”; 
  

 -3- 

 (H) adding the following at the end of clause (iii)(Q): “not to exceed an aggregate of $1,000,000
per year beginning with fiscal year 2009”; 
 (I) replacing clause (iii)(R) with “[Intentionally Omitted]”; 
 (J) adding the following at the end of clause (iii)(T): “not to exceed an aggregate of $3,000,000 per year beginning with fiscal year 2009”;

 (K) deleting the “,” after the word “bonuses” and replacing it with the word “or” in clause (iii)(U);

 (L) deleting the words “, consolidation, severance or discontinuance of any portion of operations, employees and/or management”
from clause (iii)(U); 
 (M) replacing the “$2,500,000” in clause (iii)(U) with “$1,500,000”; 
 (N) deleting clause (iii)(W) and replacing it with “expenses related to consolidation, severance or the discontinuance of any portion of operations,
employees and/or management not to exceed an aggregate amount during any four consecutive fiscal quarters greater than (1) as of the fiscal quarter ending on March 29, 2009, $3,500,000, (2) as of the fiscal quarter ending on
June 28, 2009, $3,000,000, (3) as of the fiscal quarter ending on September 27, 2009, $2,750,000, (4) as of the fiscal quarter ending on December 27, 2009, $2,500,000 and (5) as of any fiscal quarter ending thereafter,
$1,500,000”; 
 (O) restating clause (iv) in its entirety as follows: 
 “for purposes of curing any violation of the covenant set forth in Section 7.16, the Net Cash Proceeds of any Equity Issuance of
Qualified Capital Stock to the Investor Group and/or to one or more other Persons who are or become holders of Equity Interests in Holdings, solely to the extent that such Net Cash Proceeds are actually received by the Borrower (including through
capital contribution of such Net Cash Proceeds by Holdings to the Borrower) no later than 10 Business Days after the delivery of a Notice of Intent to Cure; provided that Net Cash Proceeds of Equity Issuances of Qualified Capital Stock may be
included pursuant to the provisions of this clause (iv) in Consolidated EBITDA of no more than two fiscal quarters in any period of four consecutive fiscal quarters; and provided further that the aggregate amount of Net Cash
Proceeds of Equity Issuances of Qualified Capital Stock which may be included pursuant to this clause (iv) in Consolidated EBITDA may not exceed, in any case, (A) the aggregate amount necessary to cure an Event of Default arising in
respect of the covenant set forth in Section 7.16 for such applicable period for which such Notice of Intent to Cure is delivered or (B) an amount greater than 10% of the Consolidated EBITDA of Holdings as of the last day of the
most recent period of four consecutive fiscal quarters of Holdings 

  

 -4- 

 
for which financial statements are required to be delivered pursuant to Section 6.01(a) or (b); provided further; that the Borrower
shall prepay the Term B Loans with 100% of all Net Cash Proceeds of Equity Issuances of Qualified Capital Stock included pursuant to this clause (iv) in the manner and in accordance with the provisions applicable to voluntary prepayments
of Term B Loans with Net Cash Proceeds; provided, however, that the aggregate amount of Net Cash Proceeds of Equity Issuances of Qualified Capital Stock which are included pursuant to this clause (iv) in Consolidated EBITDA
shall not increase any basket or other amount hereunder and shall not be used for any other purpose or action hereunder that is specifically permitted to be taken with the use of proceeds from Equity Issuances; it being understood that this
clause (iv) may not be relied on for purposes of calculating any financial ratios other than for purposes of determining compliance with the financial covenant set forth in Section 7.16; minus” 
 (P) deleting the word “covenants” and replacing it with the word “covenant” in clause (vi); 
 (Q) deleting the words “the Interest Coverage Ratio or” in the final paragraph of such definition; and 
 (R) adding immediately after the words “Total Leverage Ratio for all purposes” the words “or any determination of Consolidated EBITDA for
purposes of Section 7.16” in the final paragraph of such definition. 
 (viii) The definition of “Consolidated Scheduled
Debt Payments” is amended by adding the words “, mandatory prepayments of the Second Lien Loans pursuant to Section 2.09(c) of the Second Lien Credit Agreement (as in effect on the date hereof),” immediately after the words
“Term B Loans pursuant to Section 2.09(c)”. 
 (ix) The definition of “Excess Cash Flow” is hereby amended by:

 (A) deleting the words “or Incremental Revolving Loans” in the second parenthetical clause of clause (v); 
 (B) adding the words “Second Lien Loans,” immediately after the words “other than intercompany Indebtedness,” in clause (v)(C);

 (C) deleting the parenthetical “(excluding any Restricted Payments made as permitted pursuant to clause (z) of the second
proviso thereto from Excess Cash Flow for any period)” in clause (v)(G); 
 (D) replacing the words “the Transaction,” with
“the Second Lien Transaction” in clause (v)(I) and adding the following to the end of such clause “not to exceed an aggregate of $1,000,000”; 
  

 -5- 

 (E) replacing clause (v)(J) with “[Intentionally Omitted]”; 
 (F) deleting the words “early retirement of debt,” from clause (v)(N) and adding to the end of such clause: “provided that the
amounts referred to in this clause (N) reported in any fiscal year ending after December 31, 2006 shall not, in the aggregate, exceed $2,000,000 during any fiscal year and $4,000,000 in the aggregate since the First Amendment
Closing Date”; 
 (G) replacing clause (v)(O) with “[Intentionally Omitted]”; 
 (H) adding the following at the end of clause (v)(Q): “not to exceed an aggregate of $1,000,000 per year beginning with fiscal year 2009”;

 (I) replacing clause (v)(R) with “[Intentionally Omitted]”; 
 (J) adding the following at the end of clause (v)(T): “not to exceed an aggregate of $3,000,000 per year beginning with fiscal year 2009”;

 (K) deleting the words “early extinguishment of Indebtedness,” from clause (v)(U); 
 (L) deleting the words “, severance or discontinuance of any portion of operations, employees and/or management” and the word
“million” from clause (v)(U); 
 (M) replacing the “2,500,000” in clause (v)(U) with “1,500,000”; 

(N) deleting clause (v)(W) and replacing it with “expenses related to severance or the discontinuance of any portion of operations, employees
and/or management not to exceed an aggregate amount during any four consecutive fiscal quarters greater than (1) as of the fiscal quarter ending on March 29, 2009, $3,500,000, (2) as of the fiscal quarter ending on June 28, 2009,
$3,000,000, (3) as of the fiscal quarter ending on September 27, 2009, $2,750,000, (4) as of the fiscal quarter ending on December 27, 2009, $2,500,000 and (5) as of any fiscal quarter ending thereafter, $1,500,000”;
and 
 (O) adding the words “Second Lien Loans,” immediately after the words “to prepay the” in clause (viii).

 (x) The following definitions are hereby deleted: 
 (A) “Applicable ECF Percentage,” 
 (B) “Incremental Revolving Loan Commitment,”

 (C) “Incremental Revolving Loans,” 
  

 -6- 

 (D) “Incremental Term Loan Commitment,” 
 (E) “Incremental Term Loans,” 
 (F) “Interest Coverage Ratio,” 
 (G) “Post-Increase Revolving Lenders,” and 
 (H) “Pre-Increase Revolving Lenders.” 
 (xi) The definition of “Permitted Acquisition” is hereby amended by: 
 (A) deleting the words “financial covenants
specified in Sections 7.16(a) and (b)” and replacing them with the words “financial covenant specified in Section 7.16”; 
 (B) adding the words “or the Second Lien Lenders” immediately after the words “the Lenders” in paragraph (c); 
 (C) deleting the word “franchises” and replacing it with the word “franchisees” in paragraph (c); and 
 (D) adding the parenthetical “(other than expenditures included in Consolidated Capital Expenditures)” immediately after the words “in the aggregate” in paragraph (c). 
 (E) adding the following as a new paragraph immediately following such definition: 
 “Notwithstanding the foregoing, unless otherwise agreed to in writing by the Required Lenders, (x) from and after the First Amendment Effective
Date, (1) the aggregate amount of any acquisition (whether individually or together with any related acquisitions) shall not exceed $5,000,000 and (2) the aggregate amount of all Permitted Acquisitions shall not exceed $10,000,000 and
(y) no acquisition shall be deemed to be a Permitted Acquisition unless immediately after giving effect to such acquisition the Total Leverage Ratio shall be less than the Total Leverage Ratio immediately prior to such acquisition.”

 (xii) The definition of “Pro-Forma Basis” is hereby amended by deleting the words “In connection with any calculation of the
financial covenants set forth in Section 7.16 or elsewhere” and replacing them with the words “In connection with any calculation of the Total Leverage Ratio or the financial covenant set forth in Section 7.16 or
elsewhere”. 
 (xiii) The definition of “Pro-Forma Compliance Certificate” is hereby amended by deleting the words “and
the Interest Coverage Ratio” and replacing them with the words “and the financial covenant set forth in Section 7.16”. 
  

 -7- 

 (xiv) The definition of “Revolving Committed Amount” is hereby amended by deleting
“$25,000,000” and replacing it with “$21,500,000”. 
 (xv) The definition of “Total Leverage Ratio” is hereby
amended by inserting “for which financial statements have been (or were required to have been) delivered pursuant to Section 6.01(a) or (b)” immediately before the final”.”. 
 (b) Amendment to Section 2.06 of the Credit Agreement: Interest. 
 (i) Clause 2.06(c) is hereby replaced in its entirety with the following: 
 “(x) immediately upon an
Event of Default, all Loans shall bear interest at a fluctuating interest rate per annum equal to the Default Rate and (y) if any Senior Credit Obligation is not paid when due (without regard to any applicable grace periods), whether at stated
maturity, by acceleration or otherwise, such overdue amount shall thereafter bear interest at a fluctuating interest rate per annum equal to the Default Rate, in each case, until such Default or Event of Default has been cured or waived, to the
fullest extent permitted by applicable Laws.” 
 (c) Amendments to Section 2.09 of the Credit Agreement: Prepayments.

 (i) Section 2.09(c)(ii) is hereby amended by: 
 (A) deleting the words “the Applicable ECF Percentage” and replacing them with “75%”; and 
 (B) deleting the last sentence of such section. 
 (ii) Section 2.09(c)(iii) is hereby amended by deleting the number
“$5,000,000” and replacing it with the number “$1,000,000”. 
 (d) Amendment to Section 2.15: Increase in
Commitments. 
 Section 2.15 is hereby amended by deleting such section in its entirety and replacing it with the word
“Intentionally Omitted”. 
 (e) Amendment to Section 5.21 of the Credit Agreement: Ownership. 
 Section 5.21 is hereby amended by adding the words “Second Lien Collateral Documents,” before the words “Collateral Documents”.

 (f) Amendment to Section 6.01: Financial Statements. 
 (i) Section 6.01 is hereby amended by deleting paragraph (b) in its entirety and replacing it with: 
 “(b) (x) Within 50 days after the end of the first three fiscal quarters of Holdings, and (y) within 45 days of the first full fiscal month
following the First Amendment 

  

 -8- 

 
Effective Date and each fiscal month thereafter which does not coincide with the end of a fiscal quarter of Holdings, a consolidated balance sheet of
Holdings and its Consolidated Subsidiaries as of the end of such period, together with related consolidated statements of operations and a consolidated statement of cash flows for such period and the then elapsed portion of such fiscal year, setting
forth for all periods beginning after the first anniversary of the Closing Date in comparative form the consolidated figures for the corresponding periods of the preceding fiscal year, all in reasonable detail, certified by a Responsible Officer of
the Borrower as fairly presenting, in all material respects, the financial condition, results of operations and cash flows of Holdings and its Consolidated Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and
the absence of footnotes, provided that the quarterly (but not monthly) obligations in this paragraph (b) may be satisfied by the Borrower by furnishing its Form 10-Q.”; and 
 (ii) Section 6.01(c) is hereby amended by deleting “(x) on a quarterly basis for the first such forecast, and (y) for each forecast
delivered thereafter,”. 
 (g) Amendment to Section 6.02 of the Credit Agreement: Certificates; Other Information.

 (i) Paragraph (b) is hereby amended by deleting the word “covenants” and replacing it with the word “covenant”;
and 
 (ii) The last sentence of Section 6.02(b) is hereby deleted. 
 (h) Amendment to Section 6.03 of the Credit Agreement: Notices. 
 (i) Clause (iii) is hereby amended by deleting “and”; 
 (ii) Clause (iv) is hereby
amended by deleting “.” and replacing it with “;”; and 
 (iii) Section 6.03 is hereby amended by inserting new
clauses (v) and (vi) immediately after clause (iv) as follows: 
 “(v) of notices delivered by the Borrower under the
Second Lien Credit Agreement that would not otherwise give rise to a notice requirement hereunder; and 
 (vi) of any amendments,
restatements, supplements or other modifications to the Second Lien Loan Documents or the Second Lien Transaction Documents.” 
 (i)
Amendment to Section 6.14 of the Credit Agreement: Designation of Unrestricted Subsidiaries. 
 Section 6.14 is hereby
amended by deleting the word “covenants” and replacing it with the word “covenant” in each instance that it appears. 
  

 -9- 

 (j) Amendments to Section 7.01 of the Credit Agreement: Limitation on Indebtedness.

 (i) Clause (ii) is hereby amended by (A) deleting the words “(including any incremental loans incurred pursuant to
Section 2.15)” and (B) deleting the words “plus, so long as no Default or Event of Default exists or would result therefrom, an additional amount of such Senior Notes incurred in any “tack on” offering under the Senior
Notes Indenture, not to exceed $25 million in the aggregate”; 
 (ii) Clause (iii) is hereby amended by deleting the number
“$7,500,000” and replacing it with the number “$5,000,000”; 
 (iii) Clause (v) is hereby amended by restating
subclause (w) thereof in its entirety as follows: “(w) such refinancing Indebtedness shall not be secured by any Lien unless the Indebtedness being refinanced was subject a Lien, in which case any Liens on such refinancing indebtedness
shall not extend to any additional assets and shall, if the existing Liens were subordinated, be subordinated on no less favorable terms,”; 
 (iv) Clause (vi) is hereby amended by deleting the word “covenants” and replacing it with the word “covenant”; 
 (v) Clause (x) is hereby amended by deleting the number “$7,500,000” and replacing it with “$5,000,000”; 
 (vi) Clause (xii) is hereby deleted in its entirety and replaced with “[Intentionally Omitted]”; 
 (vii) Clause (xiv) is hereby deleted in its entirety and replaced with “[Intentionally Omitted]”; 
 (viii) Clause (xvi) is hereby deleted in its entirety and replaced with “[Intentionally Omitted]”; 
 (ix) Clause (xviii) is hereby deleted in its entirety and replaced with “[Intentionally Omitted]”; 
 (x) Clause (xix) is hereby deleted in its entirety and replaced with “[Intentionally Omitted]”; 
 (xi)
Clause (xx) is hereby amended by (A) replacing the number “$10,000,000” with “$15,000,000” and (B) deleting the “.” at the end thereof and replacing it with the word “; and”; and 
 (xii) Section 7.01 is hereby amended by adding the following clause (xxi) immediately after clause (xx) as follows: “(xxi)
Indebtedness evidenced by the Second Lien Credit Agreement in an 

  

 -10- 

 
aggregate principal amount not to exceed $25,500,000 plus the amount of any interest added to the principal thereof in accordance with the terms of the
Second Lien Credit Agreement.” 
 (k) Amendments to Section 7.02 of the Credit Agreement: Restriction on Liens. 

(i) Clause (xxvi) is hereby amended by deleting the word “; and” at the end thereof; 
 (ii) Clause (xxx) is hereby amended by deleting the word “and” at the end thereof; 
 (iii) Clause (xxxi) is hereby amended by (A) deleting the number “$7,500,000” and replacing it with the number “$5,000,000”
and (B) deleting the “.”at the end thereof and replacing it with the word “; and”; and 
 (iv) Section 7.02 is
hereby amended by adding the following clause (xxxii) immediately after clause (xxxi) as follows: 
 “(xxxii) Liens granted on
the Collateral to secure the Second Lien Credit Obligations provided that such Liens are subject to the terms of the Intercreditor Agreement.” 
 (l) Amendments to Section 7.04: Consolidation, Merger and Dissolution. 
 (i) Clauses (ii), (iii) and (iv) are
hereby amended by adding the words “and are subject to the terms of the Intercreditor Agreement”, in each case, after the words “dissolution or liquidation” in the respective parentheticals therein; and 
 (ii) Clause (v) is hereby amended by deleting the word “covenants” and replacing it with the word “covenant”. 
 (m) Amendments to Section 7.05: Asset Disposition. 
 (i) Clause (xix) is hereby deleted in its entirety and replaced with “[Intentionally Omitted]”; 
 (ii) Clause (xx) is hereby deleted in its entirety and replaced with “[Intentionally Omitted]”; 
 (iii) Clause (xxiii) is hereby deleted in its entirety and replaced with “[Intentionally Omitted]”; 
 (iv) Clause (xxv) is hereby deleted in its entirety and replaced with “[Intentionally Omitted]”; 
 (v) Clause (xxvi) is hereby amended by deleting the number “$15,000,000” and replacing it with the number “$10,000,000”. 
  

 -11- 

 (n) Amendments to Section 7.06: Investments. 
 (i) Clause (vi)(x)(ii) is hereby amended by deleting the number “$2,500,000” and replacing it with the number “$1,000,000”.

 (o) Amendments to Section 7.07: Restricted Payments, Etc. 
 (i) Clause (iii) is hereby amended by deleting the proviso at the end of such clause; 
 (ii) Clause (iv) is hereby amended by deleting clauses (C) and (D) thereof and replacing the “(E)” therein with “(C)”;
and 
 (iii) Clause (viii) is hereby amended by adding the word “and” at the end thereof; 
 (iv) Clause (ix) is hereby amended by deleting “; and” at the end thereof and replacing it with a “.”; and 
 (v) Clause (x) is hereby deleted in its entirety. 
 (p) Amendments to Section 7.08 of the Credit Agreement: Prepayment of Indebtedness, Etc. 
 (i)
Section 7.08(c) of the Credit Agreement is hereby amended by deleting the proviso “; provided, however, that amounts available under this Section 7.08(c) shall be reduced by any amounts applied pursuant to
Section 7.07(x) hereof”. 
 (ii) Section 7.08(d) of the Credit Agreement is hereby amended by deleting the words
“[Intentionally Omitted].” and by adding the following: 
 “(d) Prohibition Against Certain
Payments on Second Lien Credit Obligations/Amendments of the Second Lien Loan Documents. None of the Group Companies will directly or indirectly redeem, purchase, prepay, retire, defease or otherwise acquire for value (other than exchanges
solely for Equity Interests not constituting Debt Equivalents), prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Indebtedness incurred pursuant to the Second Lien Loan Documents, or set aside any funds for such
purpose, whether such redemption, purchase, prepayment, retirement or acquisition is made at the option of the maker or at the option of the holder thereof, and whether or not any such redemption, purchase, prepayment, retirement or acquisition is
required under the terms and conditions applicable to such Indebtedness, except that Indebtedness under the Second Lien Loan Documents may be redeemed, purchased, retired, defeased, acquired for value or prepaid at any time following repayment in
full of all Term B Loans and all accrued interest thereon by utilizing the Net Cash Proceeds of one or more Asset Dispositions, Casualties, Condemnations and/or Debt Issuances. None of the Group Companies will, or will permit any of their 

  

 -12- 

 
respective Subsidiaries to, after the issuance thereof, amend, waive or modify (or permit the amendment, waiver or modification of) any of the terms,
agreements, covenants or conditions of or applicable to the Second Lien Loan Documents unless such amendment, waiver or modification is in accordance with the terms of the Intercreditor Agreement.” 
 (q) Amendments to Section 7.09: Transactions with Affiliates. 
 (i) Clause (i) is hereby amended by adding the following to the end thereof “; provided, however, that (a) from and after the First Amendment Effective Date until such time as the
Consolidated EBITDA of Holdings is at least $55,000,000 as of the last day of the most recent period of four consecutive fiscal quarters of Holdings for which financial statements are required to be delivered pursuant to Section 6.01(a)
or (b) (the “Reinstatement Date”), any Management Fees payable pursuant to clause (i) of the definition thereof shall be not be paid in cash (but shall continue to accrue) and (b) on and after the Reinstatement
Date, no greater than $2,000,000 of such fees shall be paid in cash per fiscal year”; 
 (ii) Clause (xi) is hereby amended by
deleting the word “and” at the end thereof; 
 (iii) Clause (xii) is hereby amended by inserting the word “and” at
the end thereof; and 
 (iv) Section 7.09 is hereby amended by adding the following clause (xiii) “entering into the Second
Lien Transaction Documents and the transactions related thereto, including, without limitation, the issuance of warrants and any amendments or modifications thereto (to the extent permitted by the Intercreditor Agreement).” 
 (r) Amendments to Section 7.11: Restrictions with Respect to Intercorporate Transfers. 
 (i) The first paragraph of Section 7.11 is hereby amended by inserting the words “(subject to the terms of the Intercreditor Agreement)”
immediately after the words “pursuant to the Loan Documents” in clause (E); and 
 (ii) The second clause (i) therein is hereby
amended by (A) deleting the word “or” and inserting a “,” in its place and (B) adding the words “or Second Lien Loan Documents” immediately after the words “Senior Notes Documents”. 
 (s) Amendments to Section 7.15: Additional Negative Pledges. 
 (i) Clause (xi) is hereby amended by deleting the word “and”; 
 (ii) Clause (xii) is
hereby amended by inserting the word “and” at the end thereof; and 
  

 -13- 

 (iii) Section 7.15 is hereby amended by adding the following clause (xiii) “pursuant to
the Second Lien Credit Agreement and the other Second Lien Loan Document”. 
 (t) Amendments to Section 7.16: Financial
Covenants. 
 Section 7.16 is hereby amended by deleting such section in its entirety and replacing it with the following:

 “Section 7.16 Financial Covenant. Consolidated EBITDA of Holdings shall be at least the amount set forth below for any
four fiscal quarter period ending on the last day of each fiscal quarter set forth below. 
  

				
	 Fiscal Quarter Ended
	  	Amount
	 March 29, 2009
	  	$	38,000,000
		
	 June 28, 2009
	  	$	38,000,000
		
	 September 27, 2009
	  	$	38,000,000
		
	 December 27, 2009
	  	$	40,000,000
		
	 March 28, 2010
	  	$	40,000,000
		
	 June 27, 2010
	  	$	40,000,000
		
	 September 26, 2010
	  	$	40,000,000
		
	 December 26, 2010
	  	$	43,000,000
		
	 March 27, 2011
	  	$	43,000,000
		
	 June 26, 2011
	  	$	43,000,000
		
	 September 25, 2011
	  	$	43,000,000
		
	 January 1, 2012
	  	$	48,000,000
		
	 April 1, 2012
	  	$	48,000,000
		
	 July 1, 2012
	  	$	48,000,000
		
	 September 30, 2012
	  	$	48,000,000
		
	 December 30, 2012
	  	$	53,000,000
		
	 March 31, 2013
	  	$	53,000,000
		
	 June 30, 2013
	  	$	53,000,000
		
	 September 29, 2013
	  	$	53,000,000
		
	 December 29, 2013 and the last day of each fiscal quarter thereafter
	  	$	60,000,000”

  

 -14- 

 (u) Amendments to Section 7.17: Capital Expenditures. 
 A new Section 7.17 is added following Section 7.16 to read as follows: 
 “Section 7.17 Capital Expenditures. Consolidated Capital Expenditures shall be no greater than the amount set forth below for any four
fiscal quarter period ending on the last day of each fiscal quarter set forth below. 
  

				
	 Fiscal Quarter
	  	Consolidated
Capital Expenditures
	 March 29, 2009
	  	$	16,000,000
		
	 June 28, 2009
	  	$	14,000,000
		
	 September 27, 2009
	  	$	12,000,000
		
	 December 27, 2009
	  	$	12,000,000
		
	 March 28, 2010
	  	$	12,000,000
		
	 June 27, 2010
	  	$	12,000,000
		
	 September 26, 2010
	  	$	12,000,000
		
	 December 26, 2010
	  	$	12,000,000
		
	 March 27, 2011
	  	$	13,000,000
		
	 June 26, 2011
	  	$	13,500,000
		
	 September 25, 2011
	  	$	14,000,000
		
	 January 1, 2012
	  	$	14,000,000
		
	 April 1, 2012
	  	$	14,000,000
		
	 September 30, 2012
	  	$	14,000,000
		
	 December 30, 2012
	  	$	14,000,000
		
	 March 31, 2013
	  	$	14,500,000
		
	 June 30, 2013 and thereafter
	  	$	15,000,000

 ; provided, however, that (x) if the aggregate amount of Consolidated
Capital Expenditures made in any four fiscal quarter period shall be less than the maximum amount of Consolidated Capital Expenditures permitted under this Section 7.17 for such period (before giving effect to any carryover), then the
amount of such shortfall may be added to the amount of Consolidated Capital Expenditures permitted under this Section 7.17 for the immediately succeeding four fiscal quarters and (y) in determining whether any amount is available
for carryover, the amount expended in any fiscal quarter shall first be deemed to be from the amount allocated to such fiscal quarter (before giving effect to any carryover).” 
  

 -15- 

 (v) Amendment to Exhibit D of the Credit Agreement. As of the First Amendment Effective Date,
Exhibit D of the Credit Agreement is hereby amended by deleting it in its entirety and replacing it with Exhibit D hereto. 
 Section 2. [Intentionally Omitted]. 
 Section 3. Waiver. Subject to the satisfaction of the conditions set forth
in Section 4 hereof, as of the First Amendment Effective Date, the Required Lenders hereby permanently waive compliance by the Borrower with the financial covenant set forth in Section 7.16(a) of the Credit Agreement for the fiscal quarter
ended December 31, 2008, and agree that such failure shall not be a Default or Event of Default arising under Section 8.01. 
 Section 4. Conditions to Effectiveness. This Amendment shall become effective on the date on which each of the following conditions is satisfied or waived (the “Amendment Effective Date”): 
 (i) The Administrative Agent (or its counsel) shall have received an executed counterpart of this Amendment from Lenders constituting the Required Lenders
and each of the other parties hereto; 
 (ii) Execution and delivery of the Second Lien Credit Agreement and the Intercreditor Agreement, in
each case in form and substance reasonably satisfactory to the Administrative Agent (and the Lenders party hereto instruct the Administrative Agent to enter into the Intercreditor Agreement); 
 (iii) The Administrative Agent shall have received a copy of a written opinion from an Independent Qualified Party (as defined in the Senior Notes
Indenture) with respect to the fairness of the Second Lien Credit Agreement, which opinion satisfies the requirements of Section 4.07 of the Senior Notes Indenture; 
 (iv) The Administrative Agent shall have received a favorable written opinion of Kirkland & Ellis LLP, counsel to the Loan Parties, addressed to the Administrative Agent, Collateral Agent and each Lender,
dated the Amendment Effective Date, in form and substance reasonably satisfactory to the Administrative Agent; 
 (v) The Borrower shall have
received or shall concurrently receive the proceeds of the Second Lien Loans and shall have used the proceeds to make a voluntary prepayment of the Term B Loans in an amount not less than $25 million in accordance with this Amendment and
Section 2.09(a) of the Credit Agreement; 
 (vi) The Borrower shall have made or shall concurrently make a prepayment of the Revolving
Loans in an amount not less than $3,500,000; 
 (vii) Payment of an amendment fee to the Administrative Agent on behalf of each Lender
consenting to this Amendment in an amount equal to 0.5% of such Lender’s Revolving Commitment and outstanding Term B Loans (in each case, based on the amount of Commitments and Loans outstanding immediately prior to the reductions and
repayments contemplated hereby); and 
  

 -16- 

 (viii) All fees and expenses payable on or before the Amendment Effective Date by the Borrower to the
Administrative Agent or its Affiliates in connection with this Amendment shall have been paid, including the reasonable fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for the Administrative Agent.

 Section 5. Representations and Warranties. The Borrower represents and warrants to the Lenders as of the date hereof and as of each
Amendment Effective Date that: 
 (a) The execution, delivery and performance of this Amendment have been duly authorized by all necessary
corporate action by the Borrower and do not and will not (i) contravene the terms of any of the Loan Parties’ Organization Documents, (ii) conflict with or result in any breach or contravention of, or the creation of any Lien (other
than Permitted Liens) under, any Contractual Obligation to which any Loan Party is a party or any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which any Loan Party or its property is subject or
(iii) violate any Law; 
 (b) After giving effect to this Amendment, the representations and warranties set forth in the Credit Agreement
are true and correct in all material respects on and as of such Amendment Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all
material respects as of such earlier date; and 
 (c) After giving effect to this Amendment, no Default or Event of Default has occurred and
is continuing. 
 Section 6. Counterparts. This Amendment may be executed in any number of counterparts and by different parties
hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed counterpart of a signature page of
this Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. 
 Section 7.
Applicable Law. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 Section 8.
Headings. The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. 
 Section 9. Release. In order to induce the Lenders to consent to this Amendment, the Loan Parties hereby release, acquit, and forever discharge the Lenders, the Administrative Agent and each and every past and present affiliate,
member, manager, agent, employee, representative, and attorney of the Lenders and the Administrative Agent from any and all claims, causes of action, suits, debts, liens, obligations, liabilities, demands, losses, costs and expenses (including
attorneys’ fees) of any kind, character, or nature whatsoever, fixed or contingent, which any of them may have or claim to have now in connection with any act of commission or omission of any of the Lenders or the Administrative Agent existing
on or occurring prior to the date of this Amendment or any instrument executed on or prior to the date of this Amendment including, without limitation, any claims, liabilities or obligations arising with respect to the Loans.
  

 -17- 

 The provisions of this Section 9 shall survive payment of the Loans and shall be binding upon the
Loan Parties and their respective successors and assigns and shall inure to the benefit of the Lenders, the Administrative Agent and their respective successors and assigns. 
 Section 10. Effect of Amendment. Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair,
constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agents under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations,
covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. 
  

 -18- 

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

			
	SBARRO, INC.
		
	By:	 	 /s/ Daniel G. Montgomery

	Name:	 	Dan Montgomery
	Title:	 	Chief Financial Officer

			
	SBARRO HOLDINGS, LLC
		
	By:	 	MidOcean SBR Holdings, LLC, its Sole Member
		
	By:	 	 /s/ Daniel G. Montgomery

	Name:	 	Dan Montgomery
	Title:	 	Chief Financial Officer

			
	BANK OF AMERICA, N.A.,
	 as Administrative Agent, Collateral Agent
 and Lender

		
	By:	 	 /s/ Anthony D. Healey

	Name:	 	Anthony D. Healey
	Title:	 	Senior Vice President

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

			
	AF II US BD Holdings, L.P.
		
	By:	 	 AF II US BD Holdings, G.P. LLC
 Its General Partner

	
	  

	Name of Lender
		
	By:	 	 /s/ David Kaplan

	Name:	 	David Kaplan
	Title:	 	Authorized Signatory
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	ARTUS LOAN FUND 2007-I, LTD.
	BABSON CLO LTD. 2003-I
	BABSON CLO LTD. 2004-II
	BABSON CLO LTD. 2005-I
	BABSON CLO LTD. 2006-I
	BABSON CLO LTD. 2007-I
	BABSON LOAN OPPORTUNITY CLO, LTD.
	LOAN STRATEGIES FUNDING LLC
	SAPPHIRE VALLEY CDO I, LTD.
	SUFFIELD CLO, LIMITED
		
	By:	 	 Bason Capital Management LLC as
 Collateral Manager

		
	By:	 	 /s/ Kenneth M. Gacevich

		 	Name: Kenneth M. Gacevich
		 	Title: Managing Director
	
	MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY
	MASSMUTUAL ASIA LIMITED
	BILL & MELINDA GATES FOUNDATION TRUST
		
	By:	 	 Bason Capital Management LLC as
 Investment Adviser

		
	By:	 	 /s/ Kenneth M. Gacevich

	Name:	 	Kenneth M. Gacevich
	Title:	 	Managing Director
	
	VINACASA CLO, LTD.
		
	By:	 	Bason Capital Management LLC as Collateral Servicer
		
	By:	 	 /s/ Kenneth M. Gacevich

	Name:	 	Kenneth M. Gacevich
	Title:	 	Managing Director

 [Signature Page to Majority Consent Amendment] 

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

			
	TRS BABSON I LLC
		
	By:	 	DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH,
		 	ITS SOLE MEMBER
		
	By:	 	 DB SERVICES NEW JERSEY, INC.

		 	Name of Lender
		
	By:	 	 /s/ Alice L. Wagner

	Name:	 	Alice L. Wagner
	Title:	 	Vice President
	
	If second signature is necessary:
		
	By:	 	 /s/ Angeline Quintaria

	Name:	 	Angeline Quintaria
	Title:	 	Assistant Vice President

 [Signature Page to Majority Consent Amendment] 

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

			
	Grand Central Asset Trust, Cameron I Series
	
	  

	Name of Lender
		
	By:	 	 /s/ Andrew Valko

	Name:	 	Andrew Valko
	Title:	 	Attorney-In-Fact
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 The Governor and Company of the Bank of Ireland

	 Name of Lender

		
	By:	 	 /s/ Carl Andresen

	Name:	 	Carl Andresen
	Title:	 	Director
	
	If second signature is necessary:
		
	By:	 	 /s/ Ed Boyle

	Name:	 	Ed Boyle
	Title:	 	Senior Vice President

 [Signature Page to Majority Consent Amendment] 

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

			
	INWOOD PARK CDO LTD.
		
	By:	 	 Blackstone Debt Advisors L.P.
 as Collateral Manager

		
	By:	 	 /s/ Dean T. Criares

	Name:	 	Dean T. Criares
	Title:	 	Authorized Signatory

 [Signature Page to Majority Consent Amendment] 

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

			
	RIVERSIDE PARK CLO LTD.
		
	By:	 	 GSO Debt Funds Management LLC
 as Collateral Manager

		
	By:	 	 /s/ Dean T. Criares

	Name:	 	Dean T. Criares
	Title:	 	Authorized Signatory

 [Signature Page to Majority Consent Amendment] 

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

			
	 Genesis CLO 2007-1 Ltd.

	Name of Lender
		
	By:	 	Ore Hill Partners LLC
	Its:	 	Attorney -In-Fact
		
	By:	 	 /s/ Claude A. Brum

	Name:	 	Claude A. Brum, Esq.
	Title:	 	General Counsel
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 SIERRA CLO II

	Name of Lender
		
	By:	 	 /s/ John M. Casparian

	Name:	 	John M. Casparian
	Title:	 	Co-President
		 	Churchill Pacific Asset Management
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 WHITNEY CLO I

	Name of Lender
		
	By:	 	 /s/ John M. Casparian

	Name:	 	John M. Casparian
	Title:	 	Co-President
		 	Churchill Pacific Asset Management
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	CIT CLO I LTD.
	By: CIT Asset Management LLC as Lender
		
	By:	 	 /s/ Roger M. Burns

	Name:	 	Roger M. Burns
	Title:	 	President
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	The CIT Group / Equipment Financing, Inc.
		
	By:	 	 /s/ Terence Sullivan

	Name:	 	Terence Sullivan
	Title:	 	Managing Director
		 	CIT Group
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 Watchtower CLO I PLC

	Name of Lender
	By: Citadel Limited Partnership,
	Collateral Manager
	By: Citadel Investment Group, L.L.C., its
	General Partner
		
	By:	 	 /s/ Erica Tarpey

	Name:	 	Erica Tarpey
	Title:	 	Authorized Signer
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 ColumbusNova CLO Ltd. 2007-I

	Name of Lender
		
	By:	 	 /s/ David Felty

	Name:	 	David Felty
	Title:	 	Director
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 CIFC Funding 2007-I, Ltd.

	Name of Lender
		
	By:	 	 /s/ Stephen J. Vaccaro

	Name:	 	Stephen J. Vaccaro
	Title:	 	Co-Chief Investment Officer
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 Credit Suisse, Cayman Island Branch

	Name of Lender
		
	By:	 	 /s/ Robert Hetu

	Name:	 	Robert Hetu
	Title:	 	Managing Director
	
	If second signature is necessary:
		
	By:	 	 /s/ Christopher Reo Day

	Name:	 	Christopher Reo Day
	Title:	 	Associate

 [Signature Page to Majority Consent Amendment] 

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

			
	 Madison Park Funding IV, Ltd.

	Name of Lender
	 By: Credit Suisse Alternative Capital, Inc.,
 as collateral manager

		
	By:	 	 /s/ Thomas Flannery

	Name:	 	Thomas Flannery
	Title:	 	Authorized Signatory
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 Aurum CLO 2002-Ltd.

	Name of Lender
	 By: Deutsche Investment Management Americas, Inc.
 (as successor in interest to Deutsche Asset Management, Inc.),
 as Collateral Manager

		
	By:	 	 /s/ Eric S. Meyer

	Name:	 	Eric S. Meyer
	Title:	 	Managing Director
	
	If second signature is necessary:
		
	By:	 	 /s/ Phuong T. Le

	Name:	 	Phuong T. Le
	Title:	 	Director

 [Signature Page to Majority Consent Amendment] 

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

			
	 Foothill CLO I, Ltd.

	Name of Lender
	
	By: The Foothill Group, Inc.
	as attorney-in-fact
		
	By:	 	 /s/ Sanjay Roy

	Name:	 	Sanjay Roy
	Title:	 	Vice President
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 The Foothill Group, Inc.

	Name of Lender
		
	By:	 	 /s/ Sanjay Roy

	Name:	 	Sanjay Roy
	Title:	 	Vice President
	
	If second signature is necessary:
		
	By:	 	  

		 	Name:
		 	Title:

 [Signature Page to Majority Consent Amendment] 

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

			
	 Fraser Sullivan CLO I Ltd.

	Name of Lender
	 By: Fraser Sullivan Investment Management, LLC
 as Collateral Manager

		
	By:	 	 /s/ John W. Fraser

	Name:	 	John W. Fraser
	Title:	 	Managing Partner
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 Fraser Sullivan CLO II Ltd.

	Name of Lender
	 By: Fraser Sullivan Investment Management, LLC
 as Collateral Manager

		
	By:	 	 /s/ John W. Fraser

	Name:	 	John W. Fraser
	Title:	 	Managing Partner
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	General Electric Capital Corporation
		
	By:	 	 /s/ Marie G. Mollo

	Name:	 	Marie G. Mollo
	Title:	 	Duly Authorized Signatory

 [Signature Page to Majority Consent Amendment] 

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

			
	 ING Investment Management CLO III, LTD.

	 By: ING Alternative Asset Management LLC,
 as
its investment manager

		
	 By:
	 	 /s/ Theodore M. Haag

	 Name:
	 	Theodore M. Haag
	 Title:
	 	Senior Vice President
	
	 ING Investment Management CLO V, LTD.

	 By: ING Alternative Asset Management LLC,
 as
its investment advisor

		
	 By:
	 	 /s/ Theodore M. Haag

	 Name:
	 	Theodore M. Haag
	 Title:
	 	Senior Vice President

 [Signature Page to Majority Consent Amendment] 

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

			
	 NZC GUGGENHEIM MASTER FUND LIMTED

	Name of Lender
	
	 By: Guggenheim Investment Management, LLC
 as
Manager

		
	By:	 	 /s/ Katilin Trinh

	Name:	 	Katilin Trinh
	Title:	 	Director
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 ATLANTIS FUNDING LTD.

	Name of Lender
	
	 By: INVESCO Senior Secured Management, Inc.
 As Collateral Manager

		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 Atlas Loan Funding (Navigator), LLC

	Name of Lender
		
	By:	 	 /s/ Heather M. Jousma

	Name:	 	Heather M. Jousma
	Title:	 	Authorized Signatory
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	
		 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 KATONAH V, LTD.

	Name of Lender
	
	By: INVESCO Senior Secured Management, Inc.
	As Investment Manager
		
	By:	 	 /s/ Thomas Ewald

	Name:	 	Thomas Ewald
	Title:	 	Authorized Signatory
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	JFIN CLO 2007 LTD.
	By: Jefferies Finance LLC as Collateral Manager
		
	By:	 	 /s/ Kenneth M. Gacevich

	Name:	 	Kenneth M. Gacevich
	Title:	 	Managing Director

 [Signature Page to Majority Consent Amendment] 

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

			
	 J. P. Morgan Whitefriars Inc.

	Name of Lender
		
	By:	 	 /s/ Virginia R. Conway

	Name:	 	Virginia R. Conway
	Title:	 	Attorney-In-Fact

 [Signature Page to Majority Consent Amendment] 

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

			
	 Genesis CLO 2007-2 Ltd

	Name of Lender
		
	By:	 	LLCP Advisors as Collateral Manager
		
	By:	 	 /s/ Steve Hartman

	Name:	 	Steve Hartman
	Title:	 	
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 NATIXIS

	Name of Lender
		
	By:	 	 /s/ Frank H. Madden, Jr.

	Name:	 	Frank H. Madden, Jr.
	Title:	 	Managing Director
	
	If second signature is necessary:
		
	By:	 	 /s/ Christian Paragot-Rieutort

	Name:	 	Christian Paragot-Rieutort
	Title:	 	Associate Director

 [Signature Page to Majority Consent Amendment] 

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

			
	 Perella Weinberg Partners Xerion Master Fund Ltd.

	Name of Lender
		
	By:	 	 /s/ Aaron Hood

	Name:	 	Aaron Hood
	Title:	 	COO
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 TD Bank, N.A.

	Name of Lender
		
	By:	 	 /s/ John Topolovec

	Name:	 	John Topolovec
	Title:	 	Vice President

 [Signature Page to Majority Consent Amendment] 

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

			
	 Telus CLO 2006-1, Ltd. by Tricadea Loan Management

	Name of Lender
		
	By:	 	 /s/ John McCormick

	Name:	 	John McCormick
	Title:	 	Managing Director
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 WellPoint, Inc.

	Name of Lender
	
	By: Whippoorwill Associates, Inc.
	Its Agent and Authorized Signatory
		
	By:	 	 /s/ Shelley F. Greenhaus

	Name:	 	Shelley F. Greenhaus
	Title:	 	Principal
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 Whippoorwill Associates, Inc. Profit Sharing Plan

	Name of Lender
	
	By: Whippoorwill Associates, Inc.
	Its Agent and Authorized Signatory
		
	By:	 	 /s/ Shelley F. Greenhaus

	Name:	 	Shelley F. Greenhaus
	Title:	 	Principal
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 Whippoorwill Distressed Opportunity Fund, L.P.

	Name of Lender
	
	By: Whippoorwill Associates, Inc.
	Its Agent and Authorized Signatory
		
	By:	 	 /s/ Shelly F. Greenhaus

	Name:	 	Shelley F. Greenhaus
	Title:	 	Principal
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment] 

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

			
	 Whippoorwill Offshore Distressed Opportunity Fund, Ltd.

	Name of Lender
	
	By: Whippoorwill Associates, Inc.
	Its Agent and Authorized Signatory
		
	By:	 	 /s/ Shelley F. Greenhaus

	Name:	 	Shelley F. Greenhaus
	Title:	 	Principal
	
	If second signature is necessary:
		
	By:	 	  

	Name:	 	
	Title:	 	

 [Signature Page to Majority Consent Amendment]

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