Document:

txrh_Ex10_27

		

			 

		

		
			Exhibit 10.27
		

		
			 
		

		
			ASSIGNMENT AND ASSUMPTION AGREEMENT
		

		
			 
		

		
			THIS ASSIGNMENT AND ASSUMPTION AGREEMENT is made and entered into as of October 26, 2018 by and between Texas Roadhouse Holdings LLC, a Kentucky limited liability company (“Assignor”), and Texas Roadhouse, Inc., a Delaware corporation (“Assignee”).
		

		
			 
		

		
			WITNESSETH:
		

		
			 
		

		
			WHEREAS, Assignor is the tenant under that certain Paragon Centre Master Lease Agreement dated October 26, 2018 by and between Assignor and Paragon Centre Holdings, LLC (the “Master Lease”);
		

		
			 
		

		
			WHEREAS, Assignor is the landlord under those certain sublease agreements described on Exhibit A attached hereto and made a part hereof (collectively, the “Subleases”); and
		

		
			 
		

		
			WHEREAS, Assignor desires to convey, transfer, and assign to Assignee all of Assignor’s right, title, and interest in and to the Master Lease and Subleases, and Assignee desires to assume all obligations of Assignor thereunder.
		

		
			 
		

		
			NOW, THEREFORE, in consideration of the premises, and of the covenants and conditions herein contained, the sufficiency of which are hereby acknowledged, Assignor and Assignee hereby agree as follows:
		

		
			 
		

		
			1.Assignment; Representations and Warranties of Assignor.  Assignor hereby assigns, sells, transfers, and conveys to Assignee all of Assignor’s right, title, and interest in, to and under the Master Lease, Subleases and any and all deposits relating thereto.  Assignor hereby indemnifies Assignee and agrees to hold Assignee harmless from all losses, expenses, claims, liabilities and costs, including, without limitation, reasonable attorneys’ fees, now or hereafter incurred by Assignee by reason of Assignor’s breach of, or default under, the Master Lease or Subleases first arising or accruing on or prior to the date of this Assignment.
		

		
			 
		

		
			2.Acceptance of Assignment; Indemnity by Assignee.  Assignee hereby accepts the foregoing assignment, transfer and conveyance of the Master Lease and Subleases, and assumes and agrees to perform, observe, and discharge all of the duties, obligations, and undertakings of Assignor under the Master Lease and Subleases.  Assignee further agrees to indemnify and hold Assignor harmless from all losses, expenses, claims, liabilities and costs, including, without limitation, reasonable attorneys’ fees, by reason of Assignor’s breach of, or default under, the Master Lease or Subleases first arising or accruing on or after the date of this Assignment.
		

		
			 
		

		
			3.Notices.  Following the date of this Assignment, any and all notices due to Assignee under the Master Lease and Subleases shall be sent to the following address:   Texas Roadhouse, Inc., 6040 Dutchmans Lane, Louisville, Kentucky 40205, Attention:  Legal Department.
		

		
			 
		

		
			4.Assignment Binding.  This agreement shall be binding upon and inure to the benefit of the respective successors and assigns of each of the parties hereto.  The parties hereto shall execute and deliver such further and additional instruments and other documents as may be necessary or reasonably requested to evidence or carry out the provisions of this agreement.
		

		
			 
		

		
			<signatures appear on the next page>
		

		
			

		 

		

			 

		

		

			 

		

IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the day and year first above written.
		

		
			 
		

		
			ASSIGNOR:
		

		
			 
		

		
			TEXAS ROADHOUSE HOLDINGS LLC, 
		

		
			a Kentucky limited liability company
		

		
			 
		

		
			By: Texas Roadhouse, Inc., 
		

		
			a Delaware corporation,
		

		
			its Manager
		

		
			 
		

		
			By: /s/ Tonya Robinson
		

		
			Name: Tonya Robinson
		

		
			Title:CFO
		

		
			 
		

		
			ASSIGNEE:
		

		
			 
		

		
			TEXAS ROADHOUSE, INC.,  
		

		
			a Delaware corporation
		

		
			 
		

		
			By: /s/ Tonya Robinson
		

		
			Name: Tonya Robinson
		

		
			Title:CFO
		

		
			

		 

		

			 

		

		

			 

		

EXHIBIT A to ASSIGNMENT AND ASSUMPTION AGREEMENT
		

		
			 
		

		
			LIST OF SUBLEASES
		

		
			 
		

			
	
			
				 1.
			

			
	
			
			Lease Agreement by and between Paragon Centre Holdings, LLC, as Landlord and CB Commercial/Nicklies & Company DBA CB Richard Ellis/Nicklies, as Tenant, dated March 1, 2005, as amended by First Amendment to Lease dated September 30, 2005; by Second Amendment to Lease dated October 4, 2007; by Third Amendment to Lease dated October 7, 2009; by Expansion Letter dated August 5, 2010; by Commencement Letter dated December 7, 2010; by the Assignment and Assumption of Lease dated September 12, 2014 by CB Richard Ellis Louisville, LLC as successor in interest to CB Commercial/Nicklies & Company, LLC dba CB Richard Ellis/Nicklies, and CBRE, Inc., and by Fourth Amendment to Lease dated October 20, 2015.

		
			 
		

			
	
			
				 2.
			

			
	
			
			Lease Agreement by and between Paragon Centre Holdings, LLC, as Landlord and Nicklies & Co., as Tenant, dated September 1, 2018, as affected by a Sublease of even date to English Construction.txrh_Ex10_28

		
			Exhibit 10.28
		

		
			 
		

		
			FIRST AMENDMENT TO PARAGON CENTRE MASTER LEASE AGREEMENT
		

		
			 
		

		
			THIS FIRST AMENDMENT TO PARAGON CENTRE MASTER LEASE AGREEMENT (this “First Amendment”) is made and entered into this 13th day of December, 2019 by and between Paragon Centre Holdings, LLC, a Kentucky limited liability company (“Landlord”), and TEXAS ROADHOUSE, INC., a Delaware corporation (“Tenant”).
		

		
			 
		

		
			WITNESSETH:
		

		
			 
		

		
			WHEREAS, Landlord, as landlord, and Texas Roadhouse Holdings LLC, a Kentucky limited liability company (“Original Tenant”), as tenant, entered into that certain Paragon Centre Master Lease Agreement dated October 26, 2018 (as the same may be amended, modified and/or supplemented, the “Lease”) relating to that certain office project located at 6040 Dutchmans Lane, Louisville, Kentucky 40205 and 6060 Dutchmans Lane, Louisville, Kentucky 40205 more particularly described therein and consisting of (i) an approximately 62,148 square foot structure situated upon the property commonly known as One Paragon Centre, (ii) an approximately 65,918 square foot structure situated upon the property commonly known as Two Paragon Centre, (iii) a soon-to-be constructed 4,750 square foot structure to be situated upon the property between One Paragon Centre and Two Paragon Centre, and (iv) parking areas and other improvements serving such buildings (collectively, the “Project”); 
		

		
			 
		

		
			WHEREAS, Tenant is successor-by-assign to Original Tenant and is now the tenant under the Lease; and
		

		
			 
		

		
			WHEREAS, Landlord and Tenant desire to amend the terms and conditions of the Lease in accordance with the terms and conditions of the First Amendment.
		

		
			 
		

		
			AMENDMENT:
		

		
			 
		

		
			NOW THEREFORE, in consideration of the mutual covenants and agreements herein set forth and for other good and valuable consideration, the receipt and sufficiency of which is acknowledged, Landlord and Tenant hereby agree as follows:
		

		
			 
		

		
			1.Recitals; Defined Terms. The recitals set forth above are true and accurate and are hereby incorporated herein by reference. Except as specifically set forth herein, all capitalized terms shall have the same meanings as set forth in the Lease.
		

		
			 
		

		
			2. Insurance.  Notwithstanding anything to the contrary contained in the Lease, as amended hereby, including, without limitation, Section 7.4(a) of the Lease, Landlord and Tenant acknowledge and agree that Tenant shall maintain, or cause to be maintained, broad form “special cause of loss form” (formerly known as “All-Risk”) property insurance on the Building during the Term of the Lease, with coverage including, but not limited to, the perils covered by standard Fire and Extended Coverage Insurance, for one hundred percent (100%) of the actual replacement cost of the Building,  naming Landlord and Landlord’s lender (to the extent Landlord has provided written notice to Tenant of the same) as a loss payee as its interests may appear.  The insurance required to be maintained by Tenant under this Section 2 shall satisfy the terms and conditions set forth in Section 7.4(b) of the Lease, including Tenant’s right to obtain any policies of insurance required by Tenant through blanket or master policies insuring other entities or properties owned or controlled by Tenant (provided that the per location limits specified herein are allocated to the Building).   
		

		
			 
		

		
			

		 

		

		
			3.Miscellaneous.  Except as otherwise expressly set forth in this First Amendment, the Lease shall remain in full force and effect according to its terms and shall inure to the benefit of and shall be binding upon the parties hereto and their respective permitted successors and assigns.  This First Amendment may be executed in counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument.  This First Amendment shall be binding on the parties when executed and delivered by the parties to one another by facsimile and/or other electronic transmission, but each party promptly following such execution and delivery shall deliver an originally executed counterpart to the other party.  It is understood and agreed that the Lease, as amended hereby, is in full force and effect and has not been modified, supplemented, or amended in any way by any written or oral agreements between Landlord and Tenant, except as expressly set forth in this First Amendment.  The parties hereto each represent and warrant that it has full power and lawful authority to enter into and perform its obligations under this First Amendment, and that the person or persons signing on its behalf has been duly authorized to do so.
		

		
			 
		

		
			 
		

		
			[Signature Page Follows]
		

		
			 
		

		
			
		

		
			

		 

		

		
			WITNESS WHEREOF, the parties have executed and delivered the First Amendment as of the date first written above. 
		

		
			 
		

		
			LANDLORD:
		

		
			PARAGON CENTRE HOLDINGS, LLC,  
		

		
			a Kentucky limited liability company
		

		
			
		

		
			By: ___    /s/ David W. Nicklies______    ____ __
		

		
			Name:  David W. Nicklies 
		

		
			Title:     Manager
		

		
			 
		

		
			TENANT:
		

		
			TEXAS ROADHOUSE, INC.,
		

		
			a Delaware corporation
		

		
			 
		

		
			By:     /s/ Russell Arbuckle              
		

		
			Name:           Russell Arbuckle
		

		
			Title:        Senior Director of Real Estate

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