Document:

Exhibit

Exhibit 10.4

AMENDMENT NO. 3 TO
CREDIT AGREEMENT

This AMENDMENT NO. 3 dated as of July 23, 2018 (this “Amendment”) is by and among (a) SAGITTARIUS RESTAURANTS LLC, a Delaware limited liability company (the “Borrower”), (b) each of the Guarantors signatory hereto, (c) BANK OF AMERICA, N.A., as administrative agent (the “Administrative Agent”) and (d) the lenders signatory hereto and amends that certain Credit Agreement dated as of August 4, 2015 (as amended, restated, extended, supplemented, modified and otherwise in effect from time to time, the “Credit Agreement”) by and among the Borrower, the other Loan Parties party thereto, the Lenders party thereto, the Administrative Agent, BANK OF AMERICA, N.A. as L/C Issuer and Swing Line Lender, JPMORGAN CHASE BANK, N.A. and BANK OF MONTREAL, as Co- Syndication Agents and REGIONS BANK, as Documentation Agent. Terms not otherwise defined herein which are defined in the Credit Agreement shall have the same respective meanings herein as therein.

WHEREAS, the Borrower has requested that the Administrative Agent and the Required Lenders agree to amend certain of the terms and provisions of the Credit Agreement, as specifically set forth in this Amendment; and

WHEREAS, the Borrower, the Administrative Agent and the Required Lenders have agreed to amend certain provisions of the Credit Agreement as provided more fully herein below.

NOW THEREFORE, in consideration of the mutual agreements contained in the Credit Agreement and herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

§1. Amendments to the Credit Agreement. Subject to the satisfaction of the conditions precedent set forth in Section 4 below, the Credit Agreement is hereby amended as follows:

(a)The  following  definitions  are  hereby  added  to  Section  1.01  of  the  Credit Agreement in the appropriate alphabetical order:

“Beneficial   Ownership   Certification”   means   a   certification   regarding   beneficial ownership required by the Beneficial Ownership Regulation.

“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

“LIBOR Screen Rate” means the LIBOR quote on the applicable screen page the Administrative Agent designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).

“LIBOR Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and

other administrative matters as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines in consultation with the Borrower).

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

(b)The definition of “Consolidated Fixed Charge Coverage Ratio” in Section 1.01 of the Credit Agreement is hereby amended by deleting the proviso immediately following “(to the extent not already deducted in the calculation of Consolidated Net Income),” in clause (a)(ii) thereof and replacing it with the following:

excluding any Restricted Payment made pursuant to Section 7.06(h) in connection with the repurchase by Parent of Parent’s Equity Interests and warrants pursuant to repurchase plans approved by the board of directors of Parent on February 26, 2016, August 22, 2016, and July 23, 2018 provided that the aggregate amount of all such Restricted Payments shall not exceed $75,000,000,

(c)The definition of “ERISA” in Section 1.01 of the Credit Agreement is hereby amended by amending and restating such definition in its entirety as follows:

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder.

(d)The definition of “Eurodollar Rate” in Section 1.01 of the Credit Agreement is hereby amended by adding the following provisions immediately following the last paragraph thereof:

Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to Borrower) that the Borrower or Required Lenders (as applicable) have determined, that:

		
	(i)
	adequate and reasonable means do not exist for ascertaining LIBOR for any requested Interest Period, including, without limitation, because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary;

		
	(ii)
	the administrator of the LIBOR Screen Rate or a Governmental  Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability Date”); or

		
	(iii)
	syndicated loans currently being executed, or that include language similar to that contained in this Section, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR;

then, reasonably promptly after such determination by the Administrative Agent  or receipt by the Administrative Agent of such notice, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace LIBOR with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated therein), giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarks (any such proposed rate, a “LIBOR Successor Rate”), together with any proposed LIBOR Successor Rate Conforming Changes (as defined below) and any such amendment shall become effective at 5:00 p.m. (New York time) on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders do not accept such amendment.

If no LIBOR Successor Rate has been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender.  Thereafter,
(x)the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended (to the extent of the affected Eurodollar Rate Loans or Interest Periods), and
(y)the Eurodollar Rate component shall no longer be utilized in determining the Base Rate. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein.

(e)Article V of the Credit Agreement is hereby amended by adding a new Section 5.27 to the end of such Article thereof as follows:

		
	5.27
	Use of Plan Assets.

(a)    Borrower represents and warrants, as of the date hereof and throughout the term of this Agreement, at least one of the following is and will be true with respect to the Borrower:

(i)    the Borrower is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans as a source of payment with respect to the Loans, the Letters of Credit or the Revolving Credit Commitments;

(ii)    the transaction exemption set forth in one or more PTEs, such as PTE 84- 14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91- 38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-

house asset managers), is applicable with respect to the Borrower’s entering into and performance of this Agreement, the other Loan Documents, the Loans, the Letters of Credit or the Revolving Credit Commitments and each action or obligation hereunder and thereunder;

(iii)    (A) the Borrower is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Borrower to enter into and perform this Agreement, the other Loan Documents, the Loans, the Letters of Credit or the Revolving Credit Commitments and each action or obligation hereunder and thereunder, (C) the entering into and performance of this Agreement, the other Loan Documents, the Loans, the Letters of Credit or the Revolving Credit Commitments and each action or obligation hereunder and thereunder, each satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of the Borrower, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to the Borrower’s entering into and performance of this Agreement, the other Loan Documents, the Loans, the Letters of Credit or the Revolving Credit Commitments and each action or obligation hereunder and thereunder; or

(iv)    such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and the Borrower.

(b)    In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to the Borrower or the Borrower has not provided another representation, warranty and covenant as described in sub-clause (iv) in the immediately preceding clause (a), the Borrower further represents and warrants, as of the date hereof and throughout the term of this Agreement, that:

(i)    none of the Administrative Agent, any Lender, the Arrangers or any Affiliate of the foregoing is a fiduciary with respect to the assets of the Borrower (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto);

(ii)    the Person making the investment decision on behalf of the Borrower with respect to the entrance into and performance of this Agreement, the other Loan Documents, the Loans, the Letters of Credit or the Revolving Credit Commitments and each action or obligation hereunder and thereunder is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50 million, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E);

(iii)    the Person making the investment decision on behalf of the Borrower with respect to the entrance into and performance of this Agreement, the other Loan Documents, the Loans, the Letters of Credit or the Revolving Credit Commitments and each action or obligation hereunder and thereunder is capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies (including in respect of the Obligations);

(iv)    the Person making the investment decision on behalf of the Borrower with respect to the entrance into and performance of this Agreement, any documents related to this Agreement, the other Loan Documents, the Loans, the Letters of Credit or the Revolving Credit Commitments and each action or obligation hereunder and thereunder is a fiduciary under ERISA or the Code, or both, with respect to this Agreement, the other Loan Documents, the Loans, the Letters of Credit or the Revolving Credit Commitments and each action or obligation hereunder and thereunder; and

(v)    no fee or other compensation is being paid directly to the to the Administrative Agent, the Arrangers or any Lender or any Affiliates of the foregoing for investment advice (as opposed to other services) in connection with the transactions contemplated hereby or by any Loan Document.

(c)    The Administrative Agent, the Arrangers and each Lender hereby informs the Borrower that such Person is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person or its Affiliates has a financial interest in the transactions contemplated hereby in that such Person or its Affiliates (i) may receive interest or other payments with respect to the Loans, the Letters of Credit or the Revolving Credit Commitments, (ii) may recognize a gain if it purchased the Loans, the Letters of Credit or the Revolving Credit Commitments for an amount less than the par amount thereof or sells the Loans, the Letters of Credit or the Revolving Credit Commitments for an amount in excess of what it paid therefor or extended to  the Borrower hereunder and/or (iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing.

(f)Article IX of the Credit Agreement is hereby amended by adding a new Section 9.12 to the end of such Article thereof as follows:

		
	9.12
	ERISA Representations.

(a)    Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, and (y) covenants, from the date such Person became a Lender party hereto, in each case, to the date such Person ceases being a Lender party hereto, for the benefit of the Administrative Agent, the Arrangers, and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true:

(i)    such Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Loans, the Letters of Credit or the Revolving Credit Commitments;

(ii)    the transaction exemption set forth in one or more PTEs, such as PTE 84- 14 (a class exemption for certain transactions determined by independent qualified

professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91- 38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in- house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the  Letters  of Credit, the Revolving Credit Commitments and this Agreement;

(iii)    (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Revolving Credit Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Revolving Credit Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Revolving Credit Commitments and this Agreement; or

(iv)    such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.

(b)    In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, and (y) covenants, from the date such Person became a Lender party hereto, in each case, to the date such Person ceases being a Lender party hereto, for the benefit of the Administrative Agent, the Arrangers, and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that:

(i)    none of the Administrative Agent, the Arrangers, or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto);

(ii)    the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Revolving Credit Commitments and this Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of at least $50 million, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E);

(iii)    the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the

Loans, the Letters of Credit, the Revolving Credit Commitments and this Agreement is capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies (including in respect of the Obligations);

(iv)    the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Revolving Credit Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the Loans, the Letters of Credit, the Revolving Credit Commitments and this Agreement and is responsible for exercising independent judgment in evaluating the transactions hereunder; and

(v)    no fee or other compensation is being paid directly to the Administrative Agent, the Arrangers, or any their respective Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Revolving Credit Commitments or this Agreement.

(c)    The Administrative Agent and each Arranger hereby informs the Lenders that each such Person is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or its Affiliates (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Revolving Credit Commitments and this Agreement, (ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Revolving Credit Commitments for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit or the Revolving Credit Commitments by such Lender or (iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing.

(g)    Section 11.18 of the Credit Agreement is hereby amended by amending and restating such section in its entirety as follows:

11.18 USA PATRIOT Act/KYC Regulations.  Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the Act. The Borrower shall, promptly following any request therefor, provide information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Act and the Beneficial Ownership Regulation.

§2.      Affirmation and Acknowledgment.  Each Loan Party hereby ratifies and confirms all of its Obligations to the Lenders and the Administrative Agent, and the Borrower hereby affirms its absolute and unconditional promise to pay to the Lenders the Loans, the other Obligations, and all other amounts due under the Credit Agreement as amended hereby. Each Loan Party hereby ratifies and reaffirms the validity and enforceability of all of the Liens and security interests heretofore granted and pledged by such Loan Party pursuant to the Loan Documents to the Administrative Agent, on behalf and for the benefit of the Secured Parties, as collateral security for the Obligations, and acknowledges that all of such Liens and security interests, and all Collateral heretofore granted, pledged or otherwise created as security for the Obligations continue to be and remain collateral security for the Obligations from and after the date hereof. Each of the Guarantors party to the Guaranty hereby acknowledges and consents to this Amendment and agrees that the Guaranty and all other Loan Documents to which each of the Guarantors are a party remain in full force and effect, and each of the Guarantors confirms and ratifies all of its Obligations thereunder.

§3.     Representations and Warranties.  Each Loan Party hereby represents and warrants to the Lenders and the Administrative Agent as follows:

(a)The execution, delivery and performance by each Loan Party of this Amendment and the performance by such Loan Party of its obligations and agreements under this Amendment and the Credit Agreement, as amended hereby, have been duly authorized by all necessary corporate or other organizational action, and do not (i) contravene the terms of any of such Person’s Organization Documents, (ii) conflict with or result in any breach or contravention of any Material Contract, any Lease or any Franchise Agreement to which such Person is a party, (iii) conflict with or result in any breach or contravention of any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject, or (iv) violate any Law, in each case under clauses
(ii) through (iv) in a way that has or could reasonably be expected to have a Material Adverse Effect.

(b)This Amendment has been duly executed and delivered by such Loan Party. Each of this Amendment and the Credit Agreement, as amended hereby, constitutes a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with their respective terms except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles, whether enforcement is sought by a proceeding in equity or at law.

(c)No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority is required in connection with the execution, delivery or performance by or enforcement against such Loan Party of this Amendment or the Credit Agreement as amended hereby.

(d)The representations and warranties of such Loan Party contained in Article V of the Credit Agreement or in any other Loan Document, or which are contained in any document furnished at any time under or in connection therewith, are true and correct in all material respects (without duplication of any materiality qualifier contained therein) on and as of the date hereof, 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 (without duplication of any materiality qualifier contained therein) as of such earlier date, and except that the representations and warranties contained in Sections 5.05(a) and 5.05(b) of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a) and 6.01(b) of the Credit Agreement, respectively.

(e)As  of  the  Third  Amendment  Effective  Date,  the  information  included  in  the Beneficial Ownership Certification, if applicable, is true and correct in all respects.

(f)As of the date hereof, after giving effect to the provisions hereof, there exists no Default or Event of Default.

§4.    Conditions.   The effectiveness of this Amendment is subject to the satisfaction of the following conditions precedent or concurrent on July 23, 2018 (the “Third Amendment Effective Date”):

(a)This Amendment shall have been duly executed and delivered by each Loan Party, the Administrative Agent and the Required Lenders.

(b)At least five (5) days prior to the Third Amendment Effective Date, if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, it shall deliver, to each Lender that so requests, a Beneficial Ownership Certification.

		
	(c)
	The representations and warranties set forth in Section 3 hereof shall be true and correct.

(d)The Administrative Agent shall have been reimbursed for all reasonable and documented fees and out-of-pocket charges and other expenses incurred in connection with this Amendment, including, without limitation, the reasonable and documented fees and disbursements of counsel for the Administrative Agent, to the extent documented prior to or on the date hereof (for the avoidance of doubt, a summary statement of such fees, charges and disbursements shall be sufficient documentation for the obligations set forth in this Section 4(e)).

§5.    Miscellaneous Provisions.

(a)Except as expressly amended or otherwise modified by this Amendment, the Credit Agreement and all documents, instruments and agreements related thereto, including, but not limited to the other Loan Documents, are hereby ratified and confirmed in all respects and shall continue in full force and effect. No amendment, consent or waiver herein granted or agreement herein made shall extend beyond the terms expressly set forth herein for such amendment, consent, waiver or agreement, as the case may be, nor shall anything contained herein be deemed to imply any willingness of the Administrative Agent or the Lenders to agree to, or otherwise prejudice any rights of the Administrative Agent or the Lenders with respect to, any similar amendments, consents, waivers or agreements that may be requested for any future period, and this Amendment shall not be construed as a waiver of any other provision of the Loan Documents or to permit the Borrower or any other Loan Party to take any other action which is prohibited by the terms of the Credit Agreement and the other Loan Documents. The Credit Agreement and this Amendment shall be read and construed as a single agreement. All references in the Credit Agreement, or any related agreement or instrument, to the Credit Agreement shall hereafter refer to the Credit Agreement, as amended hereby. This Amendment shall constitute a Loan Document.

(b)THIS AMENDMENT AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

(c)THE BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY 

LENDER, THE L/C ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT OR THE

TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH  ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AMENDMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

(d)This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic imaging means (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Amendment.

(e)The provisions of this Amendment are solely for the benefit of the Loan Parties, the Administrative Agent and the Lenders and no other Person shall have rights as a third party beneficiary of any of such provisions.

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY BLANK]

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as a document u nder seal as of the date first above written.

SAGITTARIUS RESTAURANTS LLC

By:         /s/Steven L. Brake

Name:  Steven L. Brake
Title:    Executive Vice President and Chief Financial Officer

DEL TACO HOLDINGS, INC.
F&C RESTAURANT HOLDING CO. KERRY FOODS INTERNATIONAL LLC DEL TACO LLC

By:    /s/Steven L. Brake
Name:    Steven L. Brake
Title:    Executive Vice President and Chief Financial Officer

BANK OF AMERICA, N.A.,
as Administrative Agent

By: /s/Priscilla Ruffin
Name:  Priscilla Ruffin    
Title:    AVP

BANK OF AMERICA, N.A.,
as Administrative Agent

By: /s/John Coppedge
Name: John Coppedge
Title: Sr. Vice President

JPMORGAN CHASE BANK, N.A., as a Lender
By: /s/Jennifer Tang
Name: Jennifer Tang
Title: VP

BANK OF MONTREAL, as a Lender

By: /s/Elizabeth Kurtti
Name: Elizabeth Kurtti
Title: Director

REGIONS BANK, as a Lender

By: /s/Scott C. Tocci
Name: Scott C. Tocci
Title: Managing Director

MUFG UNION BANK, N.A., as a Lender

By: /s/Judy Vodhanel
Name: Judy Vodhanel
Title: Director

WEBSTER BANK, N.A., as a Lender

By: /s/Carol Pirek     Name: Carol Pirek
Title: Vice PresidentExhibit 10.1

 

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By electronically signing the(se) membership agreement(s) below,
your company is entering into legally binding agreement(s). Please download and read carefully prior to signing. Any Agreement(s),
including the(se) Terms and Conditions and Membership Details form(s), and any applicable Service Package Addendum(s), will be
effective when signed by both parties. In the event of any conflict between the(se) Terms and Conditions and the Membership Details
form(s), the Membership Details form(s) shall prevail.

 

When signing this (these) Agreement(s) you must have the proper
authority to execute this (these) Agreement(s) on behalf of the company listed above and incur the obligations described in this
(these) Agreement(s) on behalf of such company.

 

		þ	I agree to the(se) Terms & Conditions, Payment Authorization
Terms, Membership Details Terms, and any applicable Service Package Addendum in this (these) Membership Agreement(s). I additionally
agree that in the event I have any pre-existing Membership Agreement(s) the terms of such Agreement(s) which are not revised,
amended or terminated herein remain unchanged.

 

	Community Manager's signature	 	Electronic Signature
	 	 	 
	Austin Carter	 	Glen Bonilla
	 	 	 
	WeWork L.A. LLC	 	MassRoots
	 	 	 
	 	 	Signed on July 24, 2018

 

	WeWork	 
	WeWork L.A. LLC	 
	7083 Hollywood Boulevard	3108538014
	Los Angeles, CA, 90028, USA	hollywood@wework.com

 

    	WeWork Membership Agreement	2

     

    

 

TERMS & CONDITIONS

 

		1.	THE LINGO

 

“Authorized Signatory” means an individual authorized
to legally bind your company.

 

“Capacity” means number set forth in the Membership
Details Form in the “Capacity” field.

 

“Main Premises” means the Premises in which the
Office Space is located, as set forth in the Membership Details Form.

 

“Member” means each person you authorize on your
Member List as being allowed to receive the Services (defined below).

 

“Member Company” or “you” means
the company, entity, or individual that enters into a Membership Agreement with WeWork and is listed in the Membership
Details Form.

 

“Office Space” means the office number(s) and/or
workspace location(s) specified in the Membership Details Form, provided that, if the symbol “Ø” is included
on the Form, we will provide the office number(s) and/or workspace location(s) for the indicated Capacity prior to the Start Date.

 

“Premises” means a building or portion of a building
in which WeWork offers or plans to offer offices, workstations, other workspaces, and/or other services to Members.

 

“Primary Member” means the primary in-Premises Member
contact for WeWork.

 

“Start Date” means the date set forth in the Membership
Details Form.

 

“WeWork,” “we” or “us” means
the WeWork entity you are contracting with.

 

“WeWork Member Network” means the WeWork members-only
online community accessed through the internet or our mobile app.

 

		2.	THE BENEFITS OF MEMBERSHIP

 

		a.	Services. Subject to the terms and conditions of
this agreement, including any attachments, exhibits, and supplements (collectively, the “Agreement”) and any other
policies we make available to you with prior notice from time to time, during the Term (defined below), WeWork will use commercially
reasonable efforts to provide you (and your Members,
as applicable) the services described below. These services are referred to in this Agreement as the “Services.”

 

		●	Non-exclusive
access to the Office Space.

 

		●	Regular maintenance of the Office Space.

 

		●	Furnishings for the Office Space of the quality and in
the quantity typically provided to other WeWork Member Companies with similar office space, workstations, and/or other workspace,
as applicable, in the Premises.

 

		●	Access to and use of the WeWork Member Network site in
accordance with the terms of services available at members.wework.com/terms.

 

		●	Access to and use of the shared Internet connection in
accordance with the terms of services available at wework.com/legal/wireless-network-terms-of-service.

 

		●	Use of the printers, copiers and/or scanners available
to our Members and Member Companies at a Premises.

 

		●	Use of the conference rooms in your Main Premises and use
of conference rooms in any other WeWork Premises, in each case subject to availability and your prior reservation of such conference
rooms.

 

		●	Heat and air-conditioning in the Office Space.

 

		●	Electricity for reasonably acceptable office use.

 

		●	Use, within the Premises, of kitchens and beverages made
available therein.

 

		●	Acceptance of mail and deliveries on behalf of your business
during Regular Business Hours on Regular Business Days; provided that we are not liable for any mail or packages received without
a WeWork employee’s signature indicating acceptance.

 

		●	Opportunity to participate in members-only events, benefits
and promotions.

 

		b.	Certain Services. Use of the conference rooms in
any WeWork Premises other than your Main Premises and heat and air-conditioning in the Office Space may only be available during
Regular Business Hours on Regular Business Days, as defined below. “Regular Business Hours” are generally from 9:00
a.m. to 6:00 p.m. on Regular Business Days, with the exception of days prior to local bank/government holidays, when Regular Business
Hours end at approximately 2:00 p.m. “Regular Business Days” are all weekdays, except local bank/government holidays
and up to three other days of which we will inform you.

 

    	 	1	 

     

    

 

		c.	Our Reserved Rights. We are entitled to access your
Office Space, with or without notice, in connection with our provision of the Services, for safety or emergency purposes or for
any other purposes. We may temporarily move furniture contained in your Office Space. We reserve the right to alter your Office
Space, provided that we will not do so in a manner that substantially decreases the square footage of your assigned Office Space
or related amenities. We may also modify or reduce the list of Services or furnishings provided for your Office Space at any time.
The Services may be provided by us, an affiliate or a third party.

 

		d.	Office Space Not Timely Available. If we are unable
to make the Office Space available by the Start Date we will not be subject to any liability related to such inability. This Agreement
shall remain in full force and effect, provided that: (i) the failure to provide access to the Office Space does not last
longer than two (2) months and (ii) at our sole discretion we will either (x) provide you with alternate
office space (which may or may not be within a WeWork building) with reasonably comparable Capacity during such period and charge
your Membership Fee or (y) not charge you the Membership Fee during the period the Office Space is not available
to you. Following the two (2) month period set forth in (i) above, you shall have the ability to terminate this Agreement upon
seven (7) days’ prior notice to us. For purposes of clarity, if we do provide you alternate office space as described in
clause (x) above, during the period we provide you with such alternate office space, the individuals named as Members shall be
deemed to be Members and otherwise shall be fully subject to the terms of this Agreement. Notwithstanding anything in this paragraph
to the contrary, if the delay in providing the Office Space is due to your actions or inactions or due to changes in work to the
Office Space requested by you, we will not be subject to any liability related to such delay nor will such delay affect the validity
of this Agreement and we shall have no obligations to provide you with the benefits described in subsections (x) and (y) of this
paragraph.

 

		3.	YOUR MEMBERS

 

		a.	Updating the Member
                                         List. Only those individuals set forth on the Member List will be deemed to be “Members”
                                         and entitled to the benefits described in this Agreement. Your Members will be able to
                                         begin using, accessing, and/or receiving the Services on the later of (i) the Start Date
                                         or (ii) the date we confirm the addition of such individual to the Member List. You are
                                         responsible for maintaining the accuracy of the Member List. Your Primary Member may
                                         make changes to your Member List via the Primary Member’s “Member Management”
                                         tool on the WeWork Member Network. To add new Members to your Member List in excess of
                                         the number allocated on the Membership Details Form, you must have your Primary Member
                                         send an email, from the Primary Member’s email account on file with WeWork, to
                                         the email address specified at the bottom of the Membership Details Form. The email requesting
                                         the change must include the name(s) and email address(es) of the departing and new Member(s)
                                         and the effective date of the change. If the number of Members or other individuals regularly
                                         using your Office Space exceeds the Capacity, you will be required to pay the then current
                                         additional fee as set forth on wework.com/faq. In no event will the number of Members
                                         exceed 1.5 times the number of desks in the Office Space, regardless of additional fees
                                         paid; however affiliated members with active We Membership, Hot Desk, and/or separate
                                         Dedicated Desk Memberships using desks outside of the Office Space will not count towards
                                         this limit. We reserve the right to further limit the number of Members allowed at any
                                         point.

 

Upon the addition of a Member to the Member List, WeWork will
create a profile for such Member on the WeWork Member Network. Such profile will be viewable by us, our employees and agents,
and other members. The created profile will include only the Member’s name and the Member Company; any additional information,
including a photograph, shall be added solely as determined by you or your Members.

 

		b.	Changes to or Removal of Primary Member or Authorized
Signatory. An Authorized Signatory generally has the sole authority to make changes to or terminate this Agreement. A Primary
Member will generally serve as WeWork’s primary contact regarding matters that involve your Members, the physical Office
Space or the Premises. We will be entitled to rely on communications to or from the Authorized Signatory or Primary Member as
notice to or from the applicable Member Company. However, an Executive Officer of the applicable Member Company (“Executive
Officer”) will have the authority to override the request of an Authorized Signatory or Primary Member, as applicable, provided
that we receive such a request within 24 hours following such Authorized Signatory’s or Primary Member’s request.
We will be entitled to request reasonable information to confirm that an individual claiming to be an Executive Officer truly
is one and to exercise our discretion in determining whether a particular position constitutes an “Executive Officer.”
An Executive Officer will also have the authority to remove or replace the individual serving as the Authorized Signatory and/or
Primary Member. Unless we receive instructions from the Authorized Signatory or Executive Officer, if the individual designated
as the Primary Member ceases to provide services to the Member Company or ceases using the Office Space regularly, we will use
our reasonable judgment in designating a replacement Primary Member.

 

    	 	2	 

     

    

 

		4.	MEMBERSHIP FEES; PAYMENTS

 

		a.	Payments Due Upon Signing. Upon submitting a signed
and completed Agreement, you will be obligated to deliver to us, in the amount(s) set forth on your Membership Details Form, (i)
the Service Retainer and (ii) the Set-Up Fee.

 

		b.	Membership Fee. During the Term (defined below)
of this Agreement, your Membership Fee will be due monthly and in advance as of the first (1st) day of each month. You are obligated
to make payment of all Membership Fees owed throughout the Commitment Term and this obligation is absolute notwithstanding any
early termination of the Agreement by you (“Membership Fee Obligations”). You agree to pay promptly: (i) all sales,
use, excise, value added, and any other taxes which you are required to pay to any other governmental authority (and, at our request,
will provide to us evidence of such payment) and (ii) all sales, use, excise, value added and any other taxes attributable to
your Membership as shown on your invoice. The Membership Fee set forth on the Membership Details Form covers the Services for
only the number of Members indicated in the Membership Details Form. Additional Members will result in additional fees as set
forth on wework.com/faq.

 

On each anniversary of the Start Date (including during any
Commitment Term) the Membership Fee will be subject to an automatic three percent (3%) increase of the previous year’s Membership
Fee. Following any Commitment Term, we reserve the right to further increase or decrease the Membership Fee at our sole discretion
upon sixty (60) days’ prior notice to you.

 

		c.	Invoices; Financial Information. WeWork will send
or otherwise provide invoices and other billing-related documents, information and notices to the Primary Member, unless a different
Billing Contact is indicated on the Membership Details Form. Change of the Billing Contact will require notice from the Authorized
Signatory in accordance with this Agreement.

 

		d.	Credits; Overage Fees. Each month, you will receive
a certain number of credits for conference room use and a certain number of credits for color and black and white copies and printouts,
as specified on the Membership Details Form. These allowances may not be rolled over from month to month. If these allocated amounts
are exceeded, you will be responsible for paying fees for such overages. The current overage fee schedule is listed on wework.com/faq.
All overage fees are subject to increase from time to time.

 

		e.	Late Fees. If payment for the Membership Fee or
any other accrued and outstanding fee is not made by the tenth (10th) of the month in which such payment is due, you
will be responsible for paying the then-current late charge. The current late fee schedule is listed on wework.com/faq.

 

		f.	Form of Payment. We accept payment of all amounts
specified in this Agreement solely by the methods we communicate to you during the membership sign up process or from time to
time during the Term. You are required to inform us promptly of any changes to your payment information. Changing your payment
method may result in a change in the amount required under this Agreement to be held as the Service Retainer. Only a single payment
method may be used at any given time to make payments under this Agreement.

 

		g.	Outstanding Fees. Any outstanding fees will be charged
in arrears on a monthly basis. When we receive funds from you, we will first apply funds to any balances which are in arrears
and to the earliest month due first. Once past balances are satisfied, any remaining portion of the funds will be applied to current
fees due. If any payments remain outstanding after we provide notice to you, we may, in our sole discretion, withhold Services
or terminate this Agreement in accordance with Section 5(d).

 

		h.	No Refunds. Except as provided in Sections 5(b)
and 5(e) of this Agreement, there are no refunds of any fees or other amounts paid by you or your Members in connection with the
Services.

 

    	 	3	 

     

    

 

		5.	TERM AND TERMINATION

 

		a.	Term. This Agreement will be effective when signed
by both parties (“Effective Date”); provided that we have no obligations to provide you with the Services until the
later of (i) the date on which payment of your Service Retainer, Set-Up Fee and first month’s Membership Fee has been received
by us or (ii) the Start Date. If the Start Date is a Regular Business Day, you will be entitled to move into the Office Space
no earlier than 11:00 a.m. on the Start Date. If the Start Date is not a Regular Business Day, you will be entitled to move into
the Office Space no earlier than 11:00 a.m. on the first Regular Business Day after the Start Date. Unless otherwise set forth
on the Membership Details Form, following the Commitment Term, this Agreement shall continue on a month-to-month basis (any term
after the Commitment Term, a “Renewal Term”). The Commitment Term and all subsequent Renewal Terms shall constitute
the “Term.” If no Commitment Term is indicated on your Membership Details Form, the default Commitment Term shall
commence on the Start Date and end one (1) month after the Start Date. This Agreement will continue until terminated in accordance
with this Agreement.

 

		b.	Cancellation Prior to Start Date by You. You may
cancel this Agreement prior to the Start Date upon delivery of notice to us. If you terminate more than one (1) full calendar
month prior to your Start Date, you may be entitled to a refund of your Set-Up Fee, less any applicable charges, expenses or deductions;
however, you will not be entitled to a refund of your Service Retainer. If you terminate within one (1) full calendar month prior
to your Start Date, you will not receive any refund of your Set-Up Fee or Service Retainer.

 

		c.	Termination by You; Changes in Office Space. You
may terminate this Agreement by delivering to us the WeWork Exit Form (“Exit Form”) at least one (1) full calendar
month prior to the month in which you intend to terminate this Agreement (“Termination Effective Month”) and the termination
will be effective on the later of the last Regular Business Day of the Termination Effective Month and the expiration of the Commitment
Term. No termination by you shall be effective during the Commitment Term, and termination by you during the Commitment Term
is a breach of this Agreement. If you terminate this Agreement prior to the end of the Commitment Term, your Membership Fee Obligations
shall become immediately due. In addition to any rights, claims and remedies we choose to pursue in our discretion, your Service
Retainer shall be forfeited immediately as a result of your breach. The Exit Form will be provided promptly upon your request
during Regular Business Hours. For example, if you would like to terminate this Agreement on the last Regular Business
Day of April, and assuming that the Commitment Term will have expired by such date, the last opportunity to deliver the Exit Form
to us would be on March 31. The Exit Form needs to be completely filled out and signed by the Authorized Signatory. You will not
be entitled to pro ration with respect to the last month's Membership Fee. For instance, if you vacate your Office Space before
the last Regular Business Day of April, you will still owe us the full Membership Fee for the full month of April. On the last
Regular Business Day of the Termination Effective Month, you must vacate the Office Space no later than 4:00 p.m.

 

		d.	Termination or Suspension by Us. We may withhold
Services or immediately terminate this Agreement: (i) upon breach of this Agreement by you or any Member; (ii) upon termination,
expiration or material loss of our rights in the Premises; (iii) if any outstanding fees are still due after we provide notice
to you; (iv) if you or any of your Members fail to comply with the terms and conditions of the WeWork Member Network Terms of
Service, our Wireless Network Terms of Service, or any other policies or instructions provided by us or applicable to you; or
(v) at any other time, when we, in our sole discretion, see fit to do so. You will remain liable for past due amounts, and we
may exercise our rights to collect due payment, despite termination or expiration of this Agreement.

 

An individual Member will no longer be allowed access to the
Services and is no longer authorized to access the Main Premises upon the earlier of (x) the termination or expiration of this
Agreement; (y) your removal of such Member from the Member List or (z) our notice to you that such Member materially or repeatedly
violated this Agreement.

 

		e.	Service Retainer. The Service Retainer will be held
as a retainer for performance of all your obligations under this Agreement, including the Membership Fee Obligations, and is not
intended to be a reserve from which fees may be paid. In the event you owe us other fees, you may not rely on deducting them from
the Service Retainer, but must pay them separately. We will return the Service Retainer, or any balance after deducting outstanding
fees and other costs due to us, including any unsatisfied Membership Fee Obligations, to you by bank transfer or other method
that we communicate to you within thirty (30) days (or earlier if required by applicable law) after the later of (i) the termination
or expiration of this Agreement and (ii) the date on which you provide to us all account information necessary for us to make
such payment. Return of the Service Retainer is also subject to your complete performance of all your obligations under this Agreement,
including full satisfaction of your Membership Fee Obligations and any additional obligations applicable following termination
or expiration of this Agreement.

 

    	 	4	 

     

    

 

		f.	Removal of Property
                                         Upon Termination. Prior to the termination or expiration of this Agreement, you will
                                         remove all of your, your Members’, and your or their guests’ property from
                                         the Office Space and Premises. After providing you with reasonable notice, we will be
                                         entitled to dispose of any property remaining in or on the Office Space or Premises after
                                         the termination or expiration of this Agreement and will not have any obligation to store
                                         such property, and you waive any claims or demands regarding such property or our handling
                                         of such property. You will be responsible for paying any fees reasonably incurred by
                                         us regarding such removal. Following the termination or expiration of this Agreement,
                                         we will not forward or hold mail or other packages delivered to us.

 

		6.	HOUSE RULES

 

In addition to any rules, policies and/or procedures
that are specific to a Main Premises used by you:

 

		a.	You acknowledge
                                         and agree that:

 

		●	keys,
                                         key cards and other such items used to gain physical access to the Premises, or the Office
                                         Space remain our property. You will cause your Members to safeguard our property and
                                         you will be liable for replacement fees should any such property be lost, stolen or destroyed;

 

		●	you
                                         shall promptly notify us of any change to your contact and payment information;

 

		●	we
                                         will provide notice to you of any changes to services, fees, or other updates by emailing
                                         the email addresses provided by you. It is your responsibility to read such emails and
                                         to ensure your Members are aware of any changes, even if we notify such Members directly;

 

		●	carts,
                                         dollies and other freight items which may be made available may not be used in the passenger
                                         elevator except at our discretion;

 

		●	all
                                         of your Members are at least 18 years of age;

 

		●	you
                                         shall be solely and fully responsible for ensuring that no alcohol is consumed by any
                                         of your Members or guests who is younger than the legal age for consuming alcohol in
                                         the applicable jurisdiction;

 

		●	common
                                         spaces are to be enjoyed by all our Member Companies, members and guests unless otherwise
                                         instructed by us, and are for temporary use and not as a place for continuous, everyday
                                         work;

 

		·	you
                                         will provide us with reasonable notice of and complete all required paperwork prior to
                                         hosting any event at the Premises;

 

		●	you
                                         will be responsible for any damage to your Office Space exceeding normal wear and tear;

 

		●	you
                                         may not make any structural or nonstructural alterations or installations of wall attachments,
                                         furniture or antennae in the Office Space or elsewhere in the Premises without prior
                                         approval by us. In the event that any alterations or installations are made, you shall
                                         be responsible for the full cost and expense of the alteration or installation and, prior
                                         to the termination of this Agreement, the removal of such items and the restoration necessitated
                                         by any such alterations. To the extent that we incur any costs in connection with such
                                         alteration, installation or removal which are not otherwise paid by you we shall deduct
                                         such costs from the Service Retainer. In no event are you permitted to perform any of
                                         these actions. Only a member of our facilities staff is entitled to perform an alteration,
                                         installation, removal or restoration. Reach out to a member of your community team for
                                         more information;

 

		●	you
                                         and your Members’ computers, tablets, mobile devices and other electronic equipment
                                         must be (i) kept up-to-date with the latest software updates provided by the software
                                         vendor and (ii) kept clean of any malware, viruses, spyware, worms, Trojans, or anything
                                         that is designed to perform malicious, hostile and/or intrusive operations. We reserve
                                         the right to remove any device from our networks that poses a threat to our networks
                                         or users until the threat is remediated; and

 

		●	you
                                         consent to our non-exclusive, non-transferable use of your Member Company name and/or
                                         logo in connection with identifying you as a Member Company of WeWork, alongside those
                                         of other Member Companies, on a public-facing “Membership” display on wework.com,
                                         as well as in video and other marketing materials. You warrant that your logo does not
                                         infringe upon the rights of any third party and that you have full authority to provide
                                         this consent. You may terminate this consent at any time upon thirty (30) days’ prior notice.

 

    	 	5	 

     

    

 

		b.	No Member will:

 

		●	perform
                                         any activity or cause or permit anything that is reasonably likely to be disruptive or
                                         dangerous to us or any other Member Companies, or our or their employees, guests or property,
                                         including without limitation the Office Space or the Premises;

 

		●	use
                                         the Services, the Premises or the Office Space to conduct or pursue any illegal or offensive
                                         activities or comport themselves to the community in a similar manner;

 

		●	misrepresent
                                         himself or herself to the WeWork community, either in person or on the WeWork Member
                                         Network;

 

		●	take, copy
                                         or use any information or intellectual property belonging to other Member Companies or
                                         their Members or guests, including without limitation any confidential or proprietary
                                         information, personal names, likenesses, voices, business names, trademarks, service
                                         marks, logos, trade dress, other identifiers or other intellectual property, or modified
                                         or altered versions of the same, and this provision will survive termination of this
                                         Agreement;

 

		●	take, copy
                                         or use for any purpose the name “WeWork” or any of our other business names,
                                         trademarks, service marks, logos, trade dress, other identifiers or other intellectual
                                         property or modified or altered versions of the same, or take, copy or use for any purpose
                                         any pictures or illustrations of any portion of the Premises, without our prior consent,
                                         and this provision will survive termination of this Agreement;

 

		●	use the
                                         Office Space in a “retail,” “medical,” or other nature involving
                                         frequent visits by members of the public;

 

		●	sell, manufacture
                                         or distribute any controlled substance, including alcoholic beverages, from the Office
                                         Space, or obtain a license for such sale, manufacture, importation, or distribution using
                                         the Office Space or the address of the Main Premises;

 

		●	use our
                                         mail and deliveries services for fraudulent or unlawful purposes, and we shall not be
                                         liable for any such use;

 

		●	make any
                                         copies of any keys, keycards or other means of entry to the Office Space or the Premises or
                                         lend, share or transfer any  keys or keycards to any
                                         third party, unless authorized by us in advance;

 

		●	install
                                         any locks to access the Office Space or anywhere within the Premises, unless authorized
                                         by us in advance;

 

		●	allow
                                         any guest(s) to enter the building without registering such guest(s) and performing any
                                         additional required steps according to our policies; or

 

		●	bring
                                         any weapons of any kind, or any other offensive, dangerous, inflammable or explosive
                                         materials into the Office Space or the Premises.

 

You are responsible for ensuring your Members
comply with all House Rules.

 

		7.	ADDITIONAL
                                         AGREEMENTS

 

		a.	Information
                                         Technology. In order to utilize all the functionalities offered by us, it may be
                                         necessary to install software onto a Member’s computer, tablet, mobile device or
                                         other electronic equipment. In addition, a Member may request that we troubleshoot problems
                                         a Member may have with respect to printing, accessing the network connection or other
                                         issues. If we provide such services, we will not be responsible for any damage to your
                                         equipment.

 

WeWork provides shared Internet access to Members
via a wired or wireless network connection. For those Members wishing to implement a private wired network, WeWork may allow you
to install a firewall device for your exclusive access and use, subject to WeWork IT approval, and you will be responsible for
removal of the same. Prior to any such installation or removal, you shall coordinate with the WeWork IT team to discuss the actual
setup, appropriate time, manner and means for such installation or removal and any additional fees that may result from the request.
To the extent that we incur any costs in connection with such installation or removal, which are not otherwise paid by you, we
shall deduct such costs from the Service Retainer. You shall also be responsible for any monthly fees incurred relating to your
private, secured wired network.

 

		b.	Waiver of Claims. To the extent permitted by law,
                                         you, on your own behalf and on behalf of your Members, employees, agents, guests and
                                         invitees, waive any and all claims and rights against us and our landlords at the Premises
                                         and our affiliates, parents, and successors and each of our and their employees, assignees,
                                         officers, agents and directors (collectively, the “WeWork Parties”) resulting
                                         from injury or damage to, or destruction, theft, or loss of, any property, person or
                                         pet, except to the extent caused by the gross negligence, willful misconduct or fraud
                                         of the WeWork Parties.

 

    	 	6	 

     

    

 

		c.	Limitation of Liability. To the extent permitted
                                         by law, the aggregate monetary liability of any of the WeWork Parties to you or your
                                         Members, employees, agents, guests or invitees for any reason and for all causes of action,
                                         will not exceed the total Membership Fees paid by you to us under this Agreement in the
                                         twelve (12) months prior to the claim arising. None of the WeWork Parties will be liable
                                         under any cause of action, for any indirect, special, incidental, consequential, reliance
                                         or punitive damages, including loss of profits or business interruption. You acknowledge
                                         and agree that you may not commence any action or proceeding against any of the WeWork
                                         Parties, whether in contract, tort, or otherwise, unless the action, suit, or proceeding
                                         is commenced within one (1) year of the cause of action’s accrual. Notwithstanding
                                         anything contained in this Agreement to the contrary, you acknowledge and agree that
                                         you shall not commence any action or proceeding against any of the WeWork Parties other
                                         than the WeWork Party you are directly contracting with hereunder and the assets of such
                                         person for any amounts due or for the performance of any obligations in connection with
                                         this Agreement.

 

		d.	Indemnification. You will indemnify the WeWork Parties
                                         from and against any and all claims, including third party claims, liabilities, and expenses
                                         including reasonable attorneys’ fees, resulting from any breach or alleged breach
                                         of this Agreement by you or your Members or your or their guests, invitees or pets or
                                         any of your or their actions or omissions, except to the extent a claim results from
                                         the gross negligence, willful misconduct or fraud of the WeWork Parties. You are responsible
                                         for the actions of and all damages caused by all persons and pets that you, your Members
                                         or your or their guests invite to enter any of the Premises, including but not limited
                                         to any vendors hired by you that enter the Premises. You shall not make any settlement
                                         that requires a materially adverse act or admission by us or imposes any obligation upon
                                         any of the WeWork Parties unless you have first obtained our or the relevant WeWork Party’s
                                         written consent. None of the WeWork Parties shall be liable for any obligations arising
                                         out of a settlement made without its prior written consent.

 

		e.	Insurance. You are
                                         responsible for maintaining, at your own expense and at all times during the Term and
                                         for a period of two (2) years after, personal property insurance and commercial general
                                         liability insurance covering you and your Members for property loss and damage, injury
                                         to your Members and your Members’ guests or pets and prevention of or denial of
                                         use of or access to, all or part of the Premises, in form and amount appropriate to your
                                         business. You will ensure that WeWork and the landlord of the applicable Premises shall
                                         each be named as additional insureds on any such policies of insurance and that you waive
                                         any rights of subrogation you may have against WeWork and the landlord of the applicable
                                         premises. You shall provide proof of insurance upon our request.

 

		f.	Pets.
                                         If the Office Space is in Premises designated by us to be one in which pets are permitted,
                                         and if any Member plans on regularly bringing a pet into the Office Space or otherwise
                                         into the Premises, we may require this Member to produce proof of vaccination for such
                                         pet and evidence of compliance with applicable local regulations. If any of your Members
                                         brings a pet into the Premises, you will be responsible for any injury or damage caused
                                         by this pet to other members or guests or other occupants of the Premises or to the property
                                         of (i) WeWork or any employees, members or guests or (ii) the owner(s) or other occupants
                                         of the Premises. None of the WeWork Parties will be responsible for any injury to such
                                         pets. We reserve the right to restrict any Member’s right to bring a pet into the
                                         Premises in our sole discretion.

 

		g.	Other Members. We do
                                         not control and are not responsible for the actions of other Member Companies, Members,
                                         or any other third parties. If a dispute arises between Member Companies, members or
                                         their invitees or guests, we shall have no responsibility or obligation to participate,
                                         mediate or indemnify any party.

 

		h.	Privacy. We collect, process, transfer and secure
                                         personal data about you and your Members pursuant to the terms of our Privacy Policy,
                                         which can be found on our website (www.wework.com/legal/privacy), and in accordance
                                         with all applicable data protection laws. Note that you are not obligated to provide
                                         us with personal information and any information collected by us will be provided by
                                         you at your own will and with your explicit consent granted herein by execution of this
                                         Agreement. You hereby (i) undertake, where necessary, to obtain consent from such Member
                                         to the collection, processing, transferring and securing of data described herein and
                                         (ii) confirm that you in fact collect and process such Member’s personal data in
                                         accordance with applicable law.

 

    	 	7	 

     

    

 

		8.	ARBITRATION
                                         AND CLASS ACTION WAIVER

 

		a.	Governing Law. This
                                         Agreement and the transactions contemplated hereby shall be governed by and construed
                                         under the law of the State of New York, U.S.A. and the United States without regard to
                                         conflicts of laws provisions thereof and without regard to the United Nations Convention
                                         on Contracts for the International Sale of Goods or New York’s or any other implementation
                                         of the Uniform Computer Information Transactions Act.

 

		b.	Venue. Except that
                                         either party may seek equitable or similar relief from any court of competent jurisdiction,
                                         any dispute, controversy or claim arising out of or in relation to this Agreement, or
                                         at law, or the breach, termination or invalidity of this Agreement, that cannot be settled
                                         amicably by agreement of the parties to this Agreement shall be finally settled in accordance
                                         with the arbitration rules of JAMS then in force, by one or more arbitrators appointed
                                         in accordance with said rules. The place of arbitration shall be New York, New York,
                                         U.S.A.

 

		c.	Proceedings; Judgment.
                                         The proceedings shall be confidential and in English. The award rendered shall be
                                         final and binding on both parties. Judgment on the award may be entered in any court
                                         of competent jurisdiction. In any action, suit or proceeding to enforce rights under
                                         this Agreement, the prevailing party shall be entitled to recover, in addition to any
                                         other relief awarded, the prevailing party’s reasonable attorneys’ fees and
                                         other fees, costs and expenses of every kind in connection with the action, suit or proceeding,
                                         any appeal or petition for review, the collection of any award or the enforcement of
                                         any order, as determined by the arbitrator(s) or court, as applicable. This Agreement
                                         shall be interpreted and construed in the English language, which is the language of
                                         the official text of this Agreement.

 

		d.	Class Action Waiver. Any
                                         proceeding to resolve or litigate any dispute in any forum will be conducted solely on
                                         an individual basis. Neither you nor we will seek to have any dispute heard as a class
                                         action or in any other proceeding in which either party acts or proposes to act in a
                                         representative capacity. No proceeding will be combined with another without the prior
                                         written consent of all parties to all affected proceedings. You and we also agree not
                                         to participate in claims brought in a private attorney general or representative capacity,
                                         or any consolidated claims involving another person's account, if we are a party to the
                                         proceeding. YOU ARE GIVING UP YOUR RIGHT TO PARTICIPATE AS A CLASS REPRESENTATIVE OR
                                         CLASS MEMBER ON ANY CLASS CLAIM YOU MAY HAVE AGAINST US INCLUDING ANY RIGHT TO CLASS
                                         ARBITRATION OR ANY CONSOLIDATION OF INDIVIDUAL ARBITRATIONS.

 

		9.	MISCELLANEOUS

 

		a.	Nature of the Agreement; Relationship of the Parties.
                                         Your agreement with us is the commercial equivalent of an agreement for accommodation
                                         in a hotel. The whole of the Office Space remains our property and in our possession
                                         and control. We are giving you the right to share with us the use of the Office Space
                                         so that we can provide the Services to you. Notwithstanding anything in this Agreement
                                         to the contrary, you and we agree that our relationship is not that of landlord-tenant
                                         or lessor-lessee and this Agreement in no way shall be construed as to grant you or any
                                         Member any title, easement, lien, possession or related rights in our business, the Premises,
                                         the Office Space or anything contained in or on the Premises or Office Space. This Agreement
                                         creates no tenancy interest, leasehold estate, or other real property interest. The parties
                                         hereto shall each be independent contractors in the performance of their obligations
                                         under this Agreement, and this Agreement shall not be deemed to create a fiduciary or
                                         agency relationship, or partnership or joint venture, for any purpose. Neither party
                                         will in any way misrepresent our relationship.

 

		b.	Updates to the Agreement. Changes to membership and
                                         overage fees, will be governed by Section 4(b) and 4(d) of this Agreement, respectively.
                                         We may from time to time update this Agreement and will provide notice to you of these
                                         updates. You will be deemed to have accepted the new terms of the Agreement following
                                         the completion of two (2) full calendar months after the date of notice of the update(s).
                                         Continued use of the Office Space or Services beyond this time will constitute acceptance
                                         of the new terms.

 

		c.	Waiver. Neither party shall be deemed by any act
                                         or omission to have waived any of its rights or remedies hereunder unless such waiver
                                         is in writing and signed by the waiving party.

 

		d.	Subordination. This Agreement is subject and subordinate
                                         to our lease with our landlord of the Premises and to any supplemental documentation
                                         and to any other agreements to which our lease with such landlord is subject to or subordinate.
                                         However, the foregoing does not imply any sublease or other similar relationship involving
                                         an interest in real property.

 

    	 	8	 

     

    

 

		e.	Extraordinary Events. WeWork will not be liable for,
                                         and will not be considered in default or breach of this Agreement on account of, any
                                         delay or failure to perform as required by this Agreement as a result of any causes or
                                         conditions that are beyond WeWork’s reasonable control, including without limitation
                                         (i) any delays or changes in construction of, or WeWork’s ability to procure any
                                         space in, any Premises, and (ii) any delays or failure to perform caused by conditions
                                         under the control of our landlord at the applicable Premises.

 

		f.	Severable Provisions. Each provision of this Agreement
                                         shall be considered separable. To the extent that any provision of this Agreement is
                                         prohibited, this Agreement shall be considered amended to the smallest degree possible
                                         in order to make the Agreement effective under applicable law.

 

		g.	Survival. Sections 1,
                                         2(c), 4 (to the extent any payments remain outstanding), 5(c), 5(e), 5(f), 6(b), 7(a)
                                         through 7(e), 7(g), 8, and 9 and all other provisions of this Agreement reasonably expected
                                         to survive the termination or expiration of this Agreement will do so.

 

		h.	Notices. Any and all notices under this Agreement
                                         will be given via email, and will be effective on the first business day after being
                                         sent. All notices will be sent via email to the email addresses specified on the Membership
                                         Details Form, except as otherwise provided in this Agreement. WeWork may send notices
                                         to either (or both) the Primary Member or the Authorized Signatory, as WeWork determines
                                         in its reasonable discretion. Notices related to the physical Office Space, Premises,
                                         Members, other Member Companies or other issues in the Premises should be sent by the
                                         Primary Member. Notices related to this Agreement or the business relationship between
                                         you and WeWork should be sent by your Authorized Signatory. In the event that we receive
                                         multiple notices from different individuals within your company containing inconsistent
                                         instructions, the Authorized Signatory’s notice will control unless we decide otherwise
                                         in our reasonable discretion.

 

		i.	Headings; Interpretation.
                                         The headings in this Agreement are for convenience only and are not to be used to
                                         interpret or construe any provision of this Agreement. Any use of “including,”
                                         “for example” or “such as” in this Agreement shall be read as
                                         being followed by “without limitation” where appropriate. References to any
                                         times of day in this Agreement refer to the time of day in the Office Space’s time
                                         zone.

 

		j.	No
                                         Assignment. Except in connection with a merger, acquisition, corporate reorganization,
                                         or sale of all or substantially all of the shares or assets of you or your parent corporation,
                                         you may not transfer or otherwise assign any of your rights or obligations under this
                                         Agreement (including by operation of law) without our prior consent. We may assign this
                                         Agreement without your consent.

 

		k.	Sanctions. You hereby represent and warrant that
                                         (i) during the term of this Agreement you and your Members will comply with all applicable
                                         U.S. and non-U.S. economic sanctions and export control laws and regulations, including
                                         but not limited to the economic sanctions regulations implemented under statutory authority
                                         and/or Executive Orders and administered by the U.S. Treasury Department's Office of
                                         Foreign Assets Control ( “OFAC”) (31 C.F.R. Part 500 et seq.), the U.S. Commerce
                                         Department’s Export Administration Regulations (15 C.F.R. Part 730 et seq.), the
                                         economic sanctions rules and regulations of the European Council, United Kingdom, and
                                         EU Member States, and EU's Dual-use Regulation 428/2009 (collectively, “Trade Control
                                         Laws”); (ii) neither you nor any of your Members, subsidiaries or affiliates, nor
                                         directors or officers is (a) a citizen or resident of, an entity organized under the
                                         laws of, or otherwise located in, a country subject to comprehensive territorial sanctions
                                         maintained by OFAC (hereinafter referred to as “Sanctioned Countries”), (b)
                                         identified on U.S. Government restricted party lists including the Specially Designated
                                         Nationals List and Foreign Sanctions Evaders List administered by OFAC; the Denied Parties
                                         List, Unverified List or Entity List maintained by the U.S. Commerce Department Bureau
                                         of Industry and Security; or the List of Statutorily Debarred Parties maintained by the
                                         U.S. State Department Directorate of Defense Trade Controls, (c) a listed person or entity
                                         on the Consolidated List of persons and entities subject to asset-freezing measures or
                                         other sanctions maintained by the European Union, and by the Member States of the European
                                         Union, or (d) a person or entity subject to asset-freezing measures or other sanctions
                                         maintained by the United Kingdom's HM Treasury (collectively referred to herein as "Restricted
                                         Parties"); (iii) neither you nor any of your Members, subsidiaries and/or affiliates
                                         are 50% or more owned, individually or in the aggregate, directly or indirectly by one
                                         or more Restricted Parties or otherwise controlled by Restricted Parties; (iv) less than
                                         10% of your total annual revenues are, and will continue to be for the duration of the
                                         Agreement, generated from activities involving, directly or indirectly, one or more of
                                         the Sanctioned Countries; and (v) neither you nor any of your Members will, at any time
                                         during the Term, engage in any activity under this Agreement, including the use of Services
                                         provided by WeWork in connection with this Agreement, that violates applicable Trade
                                         Control Laws or causes WeWork to be in violation of Trade Control Laws.

 

    	 	9	 

     

    

 

		l.	Anti-Money Laundering.
                                         You hereby represent and warrant that at all times you and your Members have conducted
                                         and will conduct your operations in accordance with all laws that prohibit commercial
                                         or public bribery and money laundering (the “Anti-Money Laundering Laws”),
                                         and that all funds which you will use to comply with your payments obligations under
                                         this Agreement will be derived from legal sources, pursuant to the provisions of Anti-Money
                                         Laundering Laws. You will provide us with all information and documents that we from
                                         time to time may request in order to comply with all Anti-Money Laundering Laws.

 

		m.	Anti-Corruption Laws.
                                         Neither you nor any of your Members, your directors, officers, employees, agents, subcontractors,
                                         representatives or anyone acting on your behalf, (i) has, directly or indirectly, offered,
                                         paid, given, promised, or authorized the payment of any money, gift or anything of value
                                         to: (A) any Government Official or any commercial party, (B) any person while knowing
                                         or having reason to know that all or a portion of such money, gift or thing of value
                                         will be offered, paid or given, directly or indirectly, to any Government Official or
                                         any commercial party, or (C) any employee or representative of WeWork for the purpose
                                         of (1) influencing an act or decision of the Government Official or commercial party
                                         in his or her official capacity, (2) inducing the Government Official or commercial party
                                         to do or omit to do any act in violation of the lawful duty of such official, (3) securing
                                         an improper advantage or (4) securing the execution of this Agreement, (ii) will authorize
                                         or make any payments or gifts or any offers or promises of payments or gifts of any kind,
                                         directly or indirectly, in connection with this Agreement, the Services or the Office
                                         Space. For purposes this section, “Government Official” means any officer,
                                         employee or person acting in an official capacity for any government agency or instrumentality,
                                         including state-owned or controlled companies, and public international organizations,
                                         as well as a political party or official thereof or candidate for political office.

 

		n.	Compliance with Laws.
                                         You hereby represent and warrant that at all times you and your Members have conducted
                                         and will conduct your operations ethically and in accordance with all applicable laws.

 

		o.	Brokers.
                                         You hereby represent and warrant that you have not used a broker or realtor in connection
                                         with the membership transaction covered by this Agreement, except as may be provided
                                         for in the WeWork broker referral program. You hereby indemnify and hold us harmless
                                         against any claims arising from the breach of any warranty or representation of this
                                         paragraph.

 

		p.	Entire Agreement. This
                                         Agreement, including the Membership Details Form, constitutes the entire agreement between
                                         the parties relating to the subject matter hereof and shall not be changed in any manner
                                         except by a writing executed by both parties or as otherwise permitted herein. All prior
                                         agreements and understandings between the parties regarding the matters described herein
                                         have merged into this Agreement.

 

    	 	10

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