Document:

exhibit10-1.htm

Exhibit 10.1

 

Note Modification Agreement

 

This agreement is dated as of June 30, 2015 (the "Agreement Date"), by and between The Leather Factory, L.P. (the "Borrower") and JPMorgan Chase Bank, N.A. (together with its successors and assigns, the "Bank"). The provisions of this agreement are effective on the date that this agreement has been executed by all of the signers and delivered to the Bank (the "Effective Date").

 

WHEREAS, the Borrower executed a Line of Credit Note dated as of June 21, 2012 in the original principal amount of Four Million and 00/100 Dollars ($4,000,000.00), (as same may have been amended or modified from time to time, the "Note") as evidence of an extension of credit from the Bank to the Borrower, which Note has at all times been, and is now, continuously and without interruption outstanding in favor of the Bank; and,

 

WHEREAS, the Borrower has requested and the Bank has agreed that the Note be modified to the limited extent as hereinafter set forth in this agreement;

 

NOW THEREFORE, in mutual consideration of the agreements contained herein and for other good and valuable consideration, the parties agree as follows:

 

1. ACCURACY OF RECITALS. The Borrower acknowledges the accuracy of the Recitals stated above.

 

2. DEFINITIONS. Capitalized terms used in this agreement shall have the same meanings as in the Note, unless otherwise defined in this agreement.

 

3. MODIFICATION OF NOTE.

3.1 The provision in the Note captioned "Promise to Pay" is hereby amended as follows: The date on which the entire balance of unpaid principal plus accrued interest shall be due and payable immediately is hereby changed from June 30, 2015 to September 30, 2015.

 

3.2 Each of the Related Documents is modified to provide that it shall be a default or an event of default thereunder if the Borrower shall fail to comply with any of the covenants of the Borrower herein or if any representation or warranty by the Borrower herein or by any guarantor in any Related Documents is materially incomplete, incorrect, or misleading as of the date hereof. As used in this agreement, the "Related Documents" shall include the Note and all applications for letters of credit, loan agreements, credit agreements, reimbursement agreements, security agreements, mortgages, deeds of trust, pledge agreements, assignments, guaranties, or any other instrument or document executed in connection with the Note or in connection with any other obligations of the Borrower to the Bank.

 

3.3 Each reference in the Related Documents to any of the Related Documents shall be a reference to such document as modified by this agreement.

 

4. RATIFICATION OF RELATED DOCUMENTS AND COLLATERAL. The Related Documents are ratified and reaffirmed by the Borrower and shall remain in full force and effect as they may be modified by this agreement. All property described as security in the Related Documents shall remain as security for the Note, as modified by this agreement, and the Liabilities under the other Related Documents.

 

5. BORROWER REPRESENTATIONS AND WARRANTIES. The Borrower represents and warrants to the Bank that each of the representations and warranties made in the Note and the other Related Documents and each of the following representations and warranties are and will remain, true and correct until the later of maturity or the date on which all Liabilities evidenced by the Note are paid in full:

5.1 No default, event of default or event that would constitute a default or event of default but for the giving of notice, the lapse of time or both, has occurred and is continuing under any provision of the Note, as modified by this agreement, or any other Related Document.

 

5.2 No event has occurred which may in any one case or in the aggregate materially and adversely affect the financial condition, properties, business, affairs, prospects or operations of the Borrower or any guarantor or any subsidiary of the Borrower.

5.3 The Borrower has no defenses or counterclaims, offsets or adverse claims, demands or actions of any kind, personal or otherwise, that it could assert with respect to the Note or any other Liabilities.

5.4 The Note, as modified by this agreement, and the other Related Documents are the legal, valid, and binding obligations of the Borrower and the other parties, enforceable against the Borrower and other parties in accordance with their terms, except as may be limited by bankruptcy, insolvency or other laws affecting the enforcement of creditors' rights generally and by general principles of equity.

 

5.5 The Borrower, other than any Borrower who is a natural person, is validly existing under the laws of the State of its formation or organization. The Borrower has the requisite power and authority to execute and deliver this agreement and to perform the obligations described in the Related Documents as modified herein. The execution and delivery of this agreement and the performance of the obligations described in the Related Documents as modified herein have been duly authorized by all requisite action by or on behalf of the Borrower. This agreement has been duly executed and delivered by or on behalf of the Borrower.

 

6. BORROWER COVENANTS. The Borrower covenants with the Bank:

6.1 The Borrower shall execute, deliver, and provide to the Bank such additional agreements, documents, and instruments as reasonably required by the Bank to effectuate the intent of this agreement.

 

6.2 The Borrower fully, finally, and forever releases and discharges the Bank, its successors, and assigns and their respective directors, officers, employees, agents, and representatives (each a "Bank Party") from any and all causes of action, claims, debts, demands, and liabilities, of whatever kind or nature, in law or equity, of the Borrower, whether now known or unknown to the Borrower, (i) in respect of the loan evidenced by the Note and the Related Documents, or of the actions or omissions of any Bank Party in any manner related to the loan evidenced by the Note or the Related Documents and (ii) arising from events occurring prior to the date of this agreement ("Claims"); provided, however, that the foregoing RELEASE SHALL INCLUDE ALL CLAIMS ARISING OUT OF THE NEGLIGENCE OF ANY BANK PARTY, but not the gross negligence or willful misconduct of any Bank Party.

 

6.3 To the extent not prohibited by applicable law, the Borrower shall pay to the Bank:

 

6.3.1 All the internal and external costs and expenses incurred (or charged by internal allocation) by the Bank in connection with this agreement (including, without limitation, inside and outside attorneys, appraisal, appraisal review, processing, title, filing, and recording costs, expenses, and fees).

 

7. EXECUTION AND DELIVERY OF AGREEMENT BY THE BANK. The Bank shall not be bound by this agreement until (i) the Bank has executed this agreement and (ii) the Borrower has executed and delivered this agreement together with all other related documents requested by the Bank, and the Borrower has fully satisfied all other conditions precedent, as determined by the Bank in its sole discretion.

8.  STATEMENTS. The Bank may from time to time provide the Borrower with account statements or invoices with respect to any of the Liabilities ("Statements"). The Bank is under no duty or obligation to provide Statements, which, if provided, will be solely for the Borrower’s convenience. Statements may contain estimates of the amounts owed during the relevant billing period, whether of principal, interest, fees or other Liabilities. If the Borrowers pay the full amount indicated on a Statement on or before the due date indicated on such Statement, the Borrower shall not be in default of payment with respect to the billing period indicated on such Statement; provided, that acceptance by the Bank of any payment that is less than the total amount actually due at that time (including but not limited to any past due amounts) shall not constitute a waiver of the Bank’s right to receive payment in full at another time.

 

9.  INTEGRATION, ENTIRE AGREEMENT, CHANGE, DISCHARGE, TERMINATION, OR WAIVER. The Note, as modified by this agreement, and the other Related Documents contain the complete understanding and agreement of the Borrower and the Bank in respect of any Liabilities evidenced by the Note and supersede all prior understandings, and negotiations. If any one or more of the obligations of the Borrower under this agreement or the Note, as modified by this Agreement, is invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining obligations of the Borrower shall not in any way be affected or impaired, and the invalidity, illegality or unenforceability in one jurisdiction shall not affect the validity, legality or enforceability of the obligations of the Borrower under this agreement, the Note as modified by this agreement and the other Related Documents in any other jurisdiction. No provision of the Note, as modified by this agreement, or any other Related Documents may be changed, discharged, supplemented, terminated, or waived except in a writing signed by the party against whom it is being enforced.

 

10.  GOVERNING LAW AND VENUE. This agreement shall be governed by and construed in accordance with the laws of the State of Texas (without giving effect to its laws of conflicts). The Borrower agrees that any legal action or proceeding with respect to any of its obligations under the Note or this agreement may be brought by the Bank in any state or federal court located in the State of Texas, as the Bank in its sole discretion may elect. By the execution and delivery of this agreement, the Borrower submits to and accepts, for itself and in respect of its property, generally and unconditionally, the non-exclusive jurisdiction of those courts. The Borrower waives any claim that the State of Texas is not a convenient forum or the proper venue for any such suit, action or proceeding. This agreement binds the Borrower and its successors, and benefits the Bank, its successors and assigns. The Borrower shall not, however, have the right to assign the Borrower's rights under this agreement or any interest therein, without the prior written consent of the Bank.

11.  COUNTERPART EXECUTION. This agreement may be executed in multiple counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts, taken together, shall constitute one and the same agreement.

 

12  NOT A NOVATION. This agreement is a modification only and not a novation. In addition to all amounts hereafter due under the Note, as modified by this agreement, and the other Related Documents, all accrued interest evidenced by the Note being modified by this agreement and all accrued amounts due and payable under the Related Documents shall continue to be due and payable until paid. Except for the modification(s) set forth in this agreement, the Note, the other Related Documents and all the terms and conditions thereof, shall be and remain in full force and effect with the changes herein deemed to be incorporated therein. This agreement is to be considered attached to the Note and made a part thereof. This agreement shall not release or affect the liability of any guarantor, surety or endorser of the Note or release any owner of collateral securing the Note. The validity, priority and enforceability of the Note shall not be impaired hereby. References to the Related Documents and to other agreements shall not affect or impair the absolute and unconditional obligation of the Borrower to pay the principal and interest on the Note when due. The Bank reserves all rights against all parties to the Note and the other Related Documents.

 

13.  TIME IS OF THE ESSENCE. Time is of the essence under this agreement and in the performance of every term, covenant and obligation contained herein.

THIS AGREEMENT AND THE OTHER RELATED DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.

THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

 

 

 

	  	
Borrower:

	  	  
	
Address:  1900 Southeast Loop 820

	
The Leather Factory, L.P.

	
           Fort Worth, TX  76140

	  
	  	
By:  The Leather Factory, Inc., General Partner

	  	
      By:  /s/ Shannon L. Greene

	  	
           Shannon L. Greene, Treasurer

	  	
      Date Signed:  July 6, 2015

 

 

 

	
BANK’S ACCEPTANCE

	  
	  	  
	
The foregoing agreement is hereby agreed to and acknowledged.

	  
	
 

	
Bank:

	  	  
	  	
JPMorgan Chase Bank, N.A.

	  	  
	  	
By:  /s/ David E. Williams

	  	
      David E. Williams, Executive Director

	  	
      Date Signed:  July 7, 2015The Chefs’ Warehouse, Inc. 8-K 

EXECUTION COPY

 

AMENDMENT
NO. 6

Dated
as of July 1, 2015

to

AMENDED
AND RESTATED CREDIT AGREEMENT

THIS
AMENDMENT NO. 6 (this “Amendment”) is made as of July 1, 2015 by and among Dairyland USA Corporation, a New
York corporation (“Dairyland”), The Chefs’ Warehouse Mid-Atlantic, LLC, a Delaware limited liability
company (“CW Mid-Atlantic”), Bel Canto Foods, LLC, a New York limited liability company (“Bel Canto”),
The Chefs’ Warehouse West Coast, LLC, a Delaware limited liability company (“CW West Coast”), and The
Chefs’ Warehouse of Florida, LLC, a Delaware limited liability company (“CW Florida” and, together with
Dairyland, CW Mid-Atlantic, Bel Canto and CW West Coast, the “Borrowers”), the financial institutions listed
on the signature pages hereof and JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, the “Administrative
Agent”) and as Collateral Agent (in such capacity, the “Collateral Agent”), under that certain Amended
and Restated Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013, by and among the Borrowers,
the other Loan Parties party thereto, the Lenders, the Administrative Agent and the Collateral Agent (as amended, restated, supplemented
or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used herein and not otherwise
defined herein shall have the respective meanings given to them in the Credit Agreement.

WHEREAS,
the Borrowers have requested that the requisite Lenders and the Administrative Agent agree to certain amendments to the Credit
Agreement; and

WHEREAS,
the Borrowers, the Lenders party hereto and the Administrative Agent have so agreed on the terms and conditions set forth herein;

NOW,
THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto and the Administrative
Agent hereby agree to enter into this Amendment.

1.      Amendments to the Credit Agreement. Effective as of the date of satisfaction
of the conditions precedent set forth in Section 2 below, the parties hereto agree that the Credit Agreement is hereby
amended as follows:

(a)            Section 1.01 of the Credit Agreement is hereby amended to insert the following new definitions in the appropriate
alphabetical order:

“Amendment
No. 6 Effective Date” means July 1, 2015.

“Specified
Material Acquisition Date” means each date (provided that such date is on or before June 30, 2016) (i) on which
the aggregate consideration paid by the Loan Parties during any two (2) consecutive Fiscal Quarters for Permitted
Acquisitions consummated on or after the Amendment No. 6 Effective Date exceeds $25,000,000 and (ii) with respect to which
the Borrower Representative has provided to the Administrative Agent irrevocable notice (which notice must have been provided
at least three (3) Business
Days prior to such date) of its election, in its sole and absolute discretion, to adjust the maximum permitted Total Leverage
Ratio and Senior Secured Leverage Ratio pursuant to Section 6.13(f); provided, however, such date shall not
be deemed to be a “Specified Material Acquisition Date” if it would result in there being more than one (1) Specified
Material Acquisition Date occurring during any period of four (4) consecutive Fiscal Quarters.

    	1

    	 

    

“Specified
Material Acquisition Information” means, with respect to any Specified Material Acquisition Date, the following items
for each acquisition consummated during the period commencing on (and including) the first day of the immediately preceding Fiscal
Quarter and ending on (and including) such Specified Material Acquisition Date: (i) the name of the Person or description of the
assets being acquired, (ii) the purchase price on the date of the acquisition(s) (without giving effect to any potential post-closing
adjustments of the purchase price, such as working capital adjustments, earn-out payments and indemnification payments), (iii)
reasonable, good faith estimates for maximum earn-out payments and working capital adjustments with respect to such acquisition(s)
and (iv) historical financial statements (including consolidated balance sheets, income statements and cash flow statements),
projections and officer certificates, in each case, reasonably requested by the Administrative Agent.

“Specified
Period” has the meaning assigned to such term in Section 6.13(f).

(b)      The definition of “Permitted Acquisition” set forth in Section 1.01 of the Credit Agreement is
hereby amended to amend and restate the parenthetical set forth in clause (b)(4) therein to read as follows:

(provided
that, for purposes of determining compliance with the covenants contained in clauses (b) and (d) of Section 6.13,
(x) with respect to any acquisition occurring on any Specified Material Acquisition Date, the maximum permitted ratios for such
covenants shall be deemed to be those set forth therein and (y) with respect to any other acquisition, the maximum permitted ratios
for such covenants shall be deemed to be 0.50:1.00 less than those set forth therein)

(c)      
Section 6.13 of the Credit Agreement is hereby amended to add the following new clause (f) therein:

Adjustments
to Financial Covenants on Each Specified Acquisition Date. Notwithstanding the foregoing, upon the occurrence of each Specified
Material Acquisition Date, the maximum permitted Total Leverage Ratio and Senior Secured Leverage Ratio pursuant to Sections
6.13(b) and 6.13(d) shall, in each case, be deemed to be increased for a four (4) consecutive Fiscal Quarter period
(such period of four (4) consecutive Fiscal Quarters, the “Specified Period”), beginning with the Fiscal Quarter
during which such Specified Material Acquisition Date occurs, by (i) in the case of the first two (2) Fiscal Quarters in the Specified
Period, an additional 0.50:1.00 in excess of the applicable levels otherwise set forth in Sections 6.13(b) and 6.13(d)
and (ii) in the case of the last two (2) Fiscal Quarters in the Specified Period, an additional 0.25:1.00 in excess of the
applicable levels otherwise set forth in Sections 6.13(b) and 6.13(d) (without giving effect to the additional 0.50:1.00
increase described in the preceding clause (i)), in each case, so long as the Borrower Representative provides the Administrative
Agent with the related Specified Material Acquisition Information at least three (3) Business Days prior to such Specified Material
Acquisition Date; provided

    	2

    	 

    

however
that, notwithstanding the foregoing, in no event shall the adjustment pursuant to this Section 6.13(f) result in the
maximum permitted Total Leverage Ratio exceeding 5.00 to 1.00 or the Senior Secured Leverage Ratio exceeding 4.50 to 1.00 at any
time. It is hereby understood and agreed that, at the end of each Specified Period, the maximum permitted Total Leverage Ratio
and Senior Secured Leverage Ratio pursuant to Sections 6.13(b) and 6.13(d) shall revert to the levels set forth
in such Sections (without giving effect to the additional increases described in clauses (i) and (ii) above).

2.      Conditions of Effectiveness. The effectiveness of this Amendment is subject
to the conditions precedent that:

(a)      the Administrative Agent shall have received counterparts of this Amendment duly executed by the Borrowers, the Required
Lenders, and the Administrative Agent;

(b)      the Administrative Agent shall have received counterparts of the Consent and Reaffirmation attached as Exhibit A
hereto duly executed by the Loan Guarantors;

(c)      the Administrative Agent shall have received an executed and effective amendment to the Prudential Note Agreement, which
amendment shall be substantially in the form set forth on Exhibit B hereto;

(d)      the Administrative Agent shall have received from The Chefs’ Warehouse, Inc., on behalf of each Lender signatory
hereto that delivers its executed signature page to this Amendment by no later than the date and time specified by the Administrative
Agent, an amendment fee in an amount equal to 0.10% of the sum of (i) such Lender’s Revolving Commitment immediately prior
to the effectiveness of this Amendment plus (ii) the aggregate principal amount of such Lender’s Term Loans outstanding
immediately prior to the effectiveness of this Amendment; and

(e)      the Administrative Agent shall have received payment and/or reimbursement of the Administrative Agent’s and its affiliates’
fees and expenses (including, to the extent invoiced in an invoice dated on or prior to the date hereof, reasonable documented
out-of-pocket fees and expenses of counsel for the Administrative Agent) in connection with this Amendment and the other Loan
Documents.

3.      Representations and Warranties of the Borrowers. Each Borrower hereby represents
and warrants as follows:

(a)      This Amendment and the Credit Agreement as amended hereby constitute legal, valid and binding obligations of such Borrower
and are enforceable against such Borrower in accordance with their terms, subject to applicable bankruptcy, insolvency, reorganization,
moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of
whether considered in a proceeding in equity or at law.

(b)      As of the date hereof and after giving effect to the terms of this Amendment, (i) no Default has occurred and is continuing
and (ii) the representations and warranties of the Loan Parties set forth in the Credit Agreement, as amended hereby, are true
and correct in all material respects (provided that any such representations or warranties qualified by materiality or Material
Adverse Effect are true and correct in all respects), it being understood and agreed that any representation or warranty which
by its terms is made as of a specified date shall be required to be true and correct only as of such specified date.

    	3

    	 

    

4.      Reference to and Effect on the Credit Agreement.

(a)      Upon the effectiveness hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document
shall mean and be a reference to the Credit Agreement as amended hereby.

(b)      Each Loan Document and all other documents, instruments and agreements executed and/or delivered in connection therewith
shall remain in full force and effect and are hereby ratified and confirmed.

(c)      Except with respect to the subject matter hereof, the execution, delivery and effectiveness of this Amendment shall not
operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders, nor constitute a waiver of any provision
of the Credit Agreement, the Loan Documents or any other documents, instruments and agreements executed and/or delivered in connection
therewith.

(d)      This Amendment is a “Loan Document” under (and as defined in) the Credit Agreement.

5.      Release of Claims.

(a)      Each of the Loan Parties, on behalf of itself and its successors, assigns, and other legal representatives, hereby absolutely,
unconditionally and irrevocably releases, remises and forever discharges the Administrative Agent, the Collateral Agent and each
of the Lenders, their respective successors and assigns, and their respective present and former shareholders, affiliates, subsidiaries,
divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives (the Administrative Agent,
the Collateral Agent, the Lenders and all such other Persons being hereinafter referred to collectively as the “Releasees”
and individually as a “Releasee”), of and from all demands, actions, causes of action, suits, covenants, contracts,
controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims,
defenses, rights of setoff, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”)
of every name and nature, known or unknown, suspected or unsuspected, both at law and in equity, which any of the Loan Parties
or any of their respective successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to
have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which
arises at any time on or prior to the day and date of this Amendment, in each case in connection with the Credit Agreement or
any of the other Loan Documents or transactions thereunder or related thereto.

6.      Each of the Loan Parties understands, acknowledges and agrees that the release set
forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit
or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release.

7.      Governing Law. This Amendment shall be construed in accordance with and governed
by the law of the State of New York.

8.      Headings. Section headings in this Amendment are included herein for convenience
of reference only and shall not constitute a part of this Amendment for any other purpose.

    	4

    	 

    

9.      Counterparts. This Amendment may be executed by one or more of the parties
hereto on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and
the same instrument. Signatures delivered by facsimile or PDF shall have the same force and effect as manual signatures delivered
in person.

[Signature Pages
Follow]

    	5

    	 

    

 

IN
WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above written.

 

	 	DAIRYLAND USA CORPORATION 
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	THE CHEFS’ WAREHOUSE MID-ATLANTIC, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	BEL CANTO FOODS, LLC 
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	THE CHEFS’ WAREHOUSE WEST COAST, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	THE CHEFS’ WAREHOUSE OF FLORIDA, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

 Signature
Page to Amendment No. 6 to

Amended and Restated
Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013

The Chefs’ Warehouse,
Inc. et al

 

    	 

    	 

    

 

	 	JPMORGAN CHASE BANK, N.A.,
	 	individually as a Lender, as the Swingline Lender, as the Issuing Bank, as Administrative
    Agent and as Collateral Agent
	 	 	 
	 	By:	/s/ Diane Bredehoft 
	 	Name:	Diane Bredehoft
	 	Title:	Authorized Officer 

 

 

 

 

 Signature
Page to Amendment No. 6 to

Amended and Restated
Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013

The Chefs’ Warehouse,
Inc. et al

 

    	 

    	 

    

 

	 	GE CAPITAL BANK, formerly known as GE CAPITAL FINANCIAL INC.,
	 	as a Lender
	 	 	 
	 	By:	/s/ Woodrow Broaders 
	 	Name:	Woodrow Broaders
	 	Title:	SVP

 

 

 

 Signature
Page to Amendment No. 6 to

Amended and Restated
Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013

The Chefs’ Warehouse,
Inc. et al

    	 

    	 

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 	 
	 	By:	/s/ Thomas Pizzo 
	 	Name:	Thomas Pizzo
	 	Title:	Senior Vice President 

 

 

 

 

 

 Signature
Page to Amendment No. 6 to

Amended and Restated
Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013

The Chefs’ Warehouse,
Inc. et al

    	 

    	 

    

 

	 	BMO HARRIS FINANCING, INC.,
	 	as a Lender
	 	 	 
	 	By:	/s/ Joan Spiotto Murphy 
	 	Name:	Joan Spiotto Murphy
	 	Title:	Director 

 

 

 

 

 Signature
Page to Amendment No. 6 to

Amended and Restated
Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013

The Chefs’ Warehouse,
Inc. et al

    	 

    	 

    

 

 

	 	BRANCH BANKING AND TRUST COMPANY,
	 	as a Lender
	 	 	 
	 	By:	/s/ Kenneth M. Blackwell 
	 	Name:	Kenneth M. Blackwell
	 	Title:	Senior Vice President 

 

 

 

 

 Signature
Page to Amendment No. 6 to

Amended and Restated
Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013

The Chefs’ Warehouse,
Inc. et al

 

    	 

    	 

    

EXHIBIT
A

Consent
and Reaffirmation

Each
of the undersigned hereby acknowledges receipt of a copy of the foregoing Amendment No. 6 to Amended and Restated Credit Agreement
with respect to that certain Amended and Restated Credit Agreement dated as of April 25, 2012, as amended and restated as of April
17, 2013 (as the same may be further amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), by and among Dairyland USA Corporation, a New York corporation (“Dairyland”), The Chefs’
Warehouse Mid-Atlantic, LLC, a Delaware limited liability company (“CW Mid-Atlantic”), Bel Canto Foods, LLC,
a New York limited liability company (“Bel Canto”), The Chefs’ Warehouse West Coast, LLC, a Delaware
limited liability company (“CW West Coast”), and The Chefs’ Warehouse of Florida, LLC, a Delaware limited
liability company (“CW Florida” and, together with Dairyland, CW Mid-Atlantic, Bel Canto and CW West Coast,
the “Borrowers”), the other Loan Parties party thereto, the Lenders and JPMorgan Chase Bank, N.A., as Administrative
Agent (the “Administrative Agent”), which Amendment No. 6 to Amended and Restated Credit Agreement is dated
as of July 1, 2015 and is by and among the Borrowers, the financial institutions listed on the signature pages thereof and the
Administrative Agent (the “Amendment”). Capitalized terms used in this Consent and Reaffirmation and not defined
herein shall have the meanings given to them in the Credit Agreement.

Without
in any way establishing a course of dealing by the Administrative Agent, the Collateral Agent or any Lender, each of the undersigned
consents to the Amendment and reaffirms the terms and conditions of the Loan Guaranty and any other Loan Document executed by
it and acknowledges and agrees that the Loan Guaranty and each and every such Loan Document executed by the undersigned in connection
with the Credit Agreement remains in full force and effect and is hereby reaffirmed, ratified and confirmed. All references to
the Credit Agreement contained in the above-referenced documents shall be a reference to the Credit Agreement as so modified
by the Amendment and as the same may from time to time hereafter be amended, modified or restated.

 

Dated July 1, 2015

[Signature Page
Follows]

    	 

    	 

    

IN WITNESS WHEREOF,
this Consent and Reaffirmation has been duly executed as of the day and year above written.

 

 

	 	DAIRYLAND USA CORPORATION 
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	THE CHEFS’ WAREHOUSE MID-ATLANTIC, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

	 	BEL CANTO FOODS, LLC 
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	THE CHEFS’ WAREHOUSE WEST COAST, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	THE CHEFS’ WAREHOUSE OF FLORIDA, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 Signature
Page to Consent and Reaffirmation to Amendment No. 6 to

Amended and Restated
Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013

The Chefs’ Warehouse,
Inc. et al

 

    	 

    	 

    

	 	 GUARANTORS:
	 	 	 
	 	 	 
	 	THE CHEFS’ WAREHOUSE, INC.
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	CHEFS’ WAREHOUSE PARENT, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	MICHAEL’S FINER MEATS, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	MICHAEL’S FINER MEATS HOLDINGS, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	THE CHEFS’ WAREHOUSE MIDWEST, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	THE CHEFS’ WAREHOUSE PASTRY DIVISION, INC.
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 Signature
Page to Consent and Reaffirmation to Amendment No. 6 to

Amended and Restated
Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013

The Chefs’ Warehouse,
Inc. et al

    	 

    	 

    

	 	QZ ACQUISITION (USA), INC.
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	QZINA SPECIALTY FOODS NORTH AMERICA (USA), INC.
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	QZINA SPECIALTY FOODS, INC., a Florida corporation 
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	QZINA SPECIALTY FOODS, INC., a Washington corporation
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	QZINA SPECIALTY FOODS (AMBASSADOR), INC.
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	CW LV REAL ESTATE LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

  

 Signature
Page to Consent and Reaffirmation to Amendment No. 6 to

Amended and Restated
Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013

The Chefs’ Warehouse,
Inc. et al

    	 

    	 

    

	 	ALLEN BROTHERS 1893, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	THE GREAT STEAKHOUSE STEAKS, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	DEL MONTE CAPITOL MEAT COMPANY HOLDINGS, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

 

 

	 	DEL MONTE CAPITOL MEAT COMPANY, LLC
	 	 	 
	 	By:	/s/ Alexandros Aldous
	 	Name:	Alexandros Aldous
	 	Title:	General Counsel and Corporate Secretary

  

 Signature
Page to Consent and Reaffirmation to Amendment No. 6 to

Amended and Restated
Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013

The Chefs’ Warehouse,
Inc. et al

    	 

    	 

    

EXHIBIT
B

Form
of Amendment to Prudential Note Agreement

[Attached]

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