Document:

EX-10.1

 Exhibit 10.1 

Execution Version 
 FOURTH
AMENDMENT AND INCREMENTAL FACILITY AMENDMENT TO CREDIT AGREEMENT 
 This FOURTH AMENDMENT AND INCREMENTAL FACILITY AMENDMENT TO CREDIT
AGREEMENT, dated as of September 30, 2021 (as it may be amended from time to time, this “Fourth Amendment”), by and among CANO HEALTH, LLC, a Florida limited liability company (the “Borrower”),
PRIMARY CARE (ITC) INTERMEDIATE HOLDINGS, LLC, a Delaware limited liability company (“Holdings”), CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH (“Credit Suisse”), as administrative agent and collateral agent
(in such capacity, together with its permitted successors and assigns in such capacity, the “Administrative Agent”) under the Loan Documents and as an Issuing Bank, the Initial Fourth Amendment Incremental Term Lenders, the
2021 Incremental Revolving Lenders and the other Lenders party hereto (in each case as defined below). 
 W I T N E S S E T H: 

WHEREAS, the Borrower, Holdings, each Lender and Issuing Bank party thereto from time to time, the Administrative Agent, and Credit Suisse, as
an Issuing Bank, have entered into that certain Credit Agreement, dated as of November 23, 2020 (as may be amended, restated, amended and restated, modified and/or supplemented from time to time through, but not including, the date hereof, the
“Credit Agreement”; capitalized terms not otherwise defined in this Fourth Amendment have the same meanings assigned thereto in the Credit Agreement); 

WHEREAS, pursuant to Section 2.21 of the Credit Agreement, (i) the Borrower desires to obtain Incremental Term
Loans in an aggregate principal amount of $100,000,000 (the “Fourth Amendment Incremental Term Facility” and the loans thereunder, the “Fourth Amendment Incremental Term Loans”) from the Persons set
forth in Part 1 of Schedule I hereto (the “Initial Fourth Amendment Incremental Term Lenders”; the commitment of each Initial Fourth Amendment Incremental Term Lender to make a Fourth Amendment Incremental Term Loan
being referred to as its “Fourth Amendment Incremental Term Commitment”) on the Fourth Amendment Closing Date, which Fourth Amendment Incremental Term Loans will be established as a part of (and as an increase to) the
existing Class of Initial Term Loans outstanding immediately prior to the effectiveness of this Agreement (the “Existing Initial Term Loans”), and (ii) each Initial Fourth Amendment Incremental Term Lender is
willing to make a Fourth Amendment Incremental Term Loan in the principal amount set forth opposite its name in Part 1 of Schedule I hereto on the terms and subject to the conditions set forth herein; 

WHEREAS, pursuant to Section 2.21 of the Credit Agreement, (i) the Borrower desires to increase the Revolving
Credit Commitment by establishing 2021 Incremental Revolving Commitments (as defined below) in an aggregate principal amount equal to $30,000,000 on the Fourth Amendment Closing Date, and (ii) each financial institution identified on the
signature pages hereto as a “2021 Incremental Revolving Lender” (each, a “2021 Incremental Revolving Lender” and together with the Initial Fourth Amendment Incremental Term Lenders, the “Fourth Amendment
Incremental Lenders”) has agreed, on the terms and conditions set forth herein and in the Credit Agreement (as amended hereby), to (A) provide 2021 Revolving Commitments to the Borrower from and after the Fourth Amendment Closing
Date in the principal amount set forth opposite its name in Part 2 of Schedule I hereto and (B) and become an Issuing Bank with an Issuing Bank Sublimit in an amount equal to the amount set forth opposite its name in Part 3 of Schedule I
hereto (such commitment of each 2021 Incremental Revolving Lender being referred to as its “2021 Incremental Revolving Commitment”); 

 WHEREAS, the Credit Agreement may be waived, amended or modified pursuant to an agreement or
agreements in writing entered into by the Borrower, the Administrative Agent and the Lenders required pursuant to the terms of Section 9.02(b) of the Credit Agreement; 

WHEREAS, (i) as contemplated by Section 2.21 of the Credit Agreement, (x) the parties hereto have agreed
to amend certain terms of the Credit Agreement as hereinafter provided to give effect to the 2021 Incremental Revolving Commitments and the Fourth Amendment Incremental Term Loans, subject to the satisfaction of the conditions precedent in
Section 6 hereof and (y) this Fourth Amendment (together with the Reaffirmation Agreement) shall constitute an Incremental Facility Amendment and (ii) the Borrower, Holdings, the Administrative Agent and the
Lenders party hereto (constituting at least the Required Revolving Lenders, the “Consenting Lenders”) agree to amend the Financial Covenant set forth in Section 6.14(a) of the Credit Agreement as
hereinafter provided pursuant to Section 9.02(b) of the Credit Agreement (the “Financial Covenant Amendment”); 

WHEREAS, the (i) establishment of the 2021 Incremental Revolving Commitments and the Fourth Amendment Incremental Term Commitments,
(ii) the borrowing of the Fourth Amendment Incremental Term Loans and the use of the proceeds thereof and (iii) the Financial Covenant Amendment are collectively referred to herein as the “Fourth Amendment Incremental
Transactions”; 
 WHEREAS, each Loan Party as of the Fourth Amendment Closing Date (collectively, the “Reaffirming
Parties” and each a “Reaffirming Party”) expects to realize substantial direct and indirect benefits as a result of this Fourth Amendment becoming effective and the consummation of the Fourth Amendment
Incremental Transactions and agrees to reaffirm its obligations pursuant to the Credit Agreement (in the case of Holdings and the Borrower), the Guarantee Agreement, the Collateral Documents and the other Loan Documents to which it is a party; and

 WHEREAS, Credit Suisse Loan Funding LLC and Morgan Stanley Senior Funding, Inc. have been appointed to act, and have agreed to act, as
joint lead arrangers and joint bookrunners for the 2021 Incremental Revolving Commitments and the Fourth Amendment Incremental Term Commitments (in such capacities, the “Fourth Amendment Lead Arrangers”). 

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto hereby agree as follows: 
 SECTION 1. Defined Terms. Capitalized terms used but not defined
herein (including in the preamble and the recitals hereto) shall have the meanings assigned to them in the Credit Agreement, as amended hereby (regardless of whether such amendments have taken effect). 

SECTION 2. Incremental Facilities 

(a) Fourth Amendment Incremental Term Loans. 

(i) Subject to the terms and conditions set forth herein, each Initial Fourth Amendment Incremental Term Lender severally, and
not jointly, agrees to make a Fourth Amendment Incremental Term Loan to the Borrower on the Fourth Amendment Closing Date in Dollars in a principal amount not to exceed the amount set forth opposite such Initial Fourth Amendment Incremental Term
Lender’s name in Part 1 of Schedule I hereto. Amounts paid or prepaid in respect of the Fourth Amendment Incremental Term Loans may not be reborrowed. 

  
 2 

 (ii) Immediately upon the incurrence of the Fourth Amendment Incremental
Term Loans on the Fourth Amendment Closing Date, (i) the Fourth Amendment Incremental Term Loans shall be added to (and form part of) the existing Class of Initial Term Loans under the Credit Agreement and (ii) the Fourth Amendment
Incremental Term Loans shall be secured by identical collateral and guaranteed on identical terms as the Existing Initial Term Loans. 

(iii) The terms of the Fourth Amendment Incremental Term Loans shall be identical to the terms of the Existing Initial Term
Loans, as such terms of the Existing Initial Term Loans are amended pursuant to Section 3 of this Fourth Amendment. Without limiting the foregoing, upon the making of the Fourth Amendment Incremental Term Loans on the
Fourth Amendment Closing Date, the Fourth Amendment Incremental Term Loans shall be deemed to be “Initial Term Loans”, “Term Loans” and “Loans”, and shall constitute an Incremental Increase of, and be part of the same
Class as, the Existing Initial Term Loans, and each Lender holding a Fourth Amendment Incremental Term Loan shall be deemed to be an “Initial Term Lender”, a “Term Lender” and a “Lender”, in each case, for all
purposes of the Credit Agreement and the other Loan Documents (including, without limitation, for purposes of the definitions of the terms “Adjusted LIBO Rate”, “Applicable Rate” and “Maturity Date” and Sections
2.09, 2.10 and 2.21(a)(v) of the Credit Agreement). 
 (iv) The funding of the Fourth Amendment
Incremental Term Loans on the Fourth Amendment Closing Date shall be made in the manner contemplated by Section 2.06 of the Credit Agreement. Unless previously terminated, the Fourth Amendment Incremental Term Commitments
shall automatically terminate on the making of the Fourth Amendment Incremental Term Loans on the Fourth Amendment Closing Date. 

(v) Notwithstanding anything to the contrary in Section 5.11 of the Credit Agreement, the proceeds
of the Fourth Amendment Incremental Term Loans will be used by the Borrower for working capital needs and other general corporate purposes of the Borrower and its Restricted Subsidiaries, including for capital expenditures, acquisitions and other
Investments, Restricted Payments and any other purpose not prohibited by the terms of the Loan Documents. 
 (vi) Upon the
making of the Fourth Amendment Incremental Term Loans hereunder, each Initial Fourth Amendment Incremental Term Lender shall be entitled to all the rights of, and benefits accruing to, Term Lenders or Lenders, as applicable, under the Credit
Agreement and the other Loan Documents, in each case, as amended hereby, and shall be bound by all agreements, acknowledgements and other obligations of the Term Lenders or Lenders, as applicable, under the Credit Agreement and the other Loan
Documents, in each case, as amended hereby. 
 (vii) (A) notwithstanding anything to the contrary in Sections 2.02,
2.03 and 2.07 of the Credit Agreement, on the Fourth Amendment Closing Date, the Fourth Amendment Incremental Term Loans shall increase the then-outstanding Term Loan Borrowings on a pro rata basis and, thereafter, the Fourth Amendment
Incremental Term Loans shall be part of such Term Loan Borrowings (and shall constitute a Loan of the same Type as the Existing Initial Term Loans that are part of such Term Loan Borrowings) and, in the case of any Adjusted LIBO Rate

  
 3 

 
Borrowing, shall have an initial Interest Period equal to the remaining Interest Period applicable to such Term Loan Borrowing, and (B) notwithstanding anything to the contrary in
Section 2.17(a) of the Credit Agreement, on the first Interest Payment Date after the Fourth Amendment Closing Date, the payment of interest on the Existing Initial Term Loans (including the Fourth Amendment Incremental
Term Loans) shall be allocated by the Administrative Agent among the Existing Initial Term Lenders in a manner that reflects the actual number of days of interest accrued on the outstanding principal amount of the Fourth Amendment Incremental Term
Loans compared to the actual number of days of interest accrued on the outstanding principal amount of the Existing Initial Term Loans. 

(viii) For U.S. federal and applicable state and local income tax purposes, after giving effect to this Fourth Amendment, the
Fourth Amendment Incremental Term Loans are intended to be treated as fungible with the Existing Initial Term Loans. Unless otherwise required by applicable law, none of the Loan Parties, the Administrative Agent or any Lender shall take any tax
position inconsistent with the preceding sentence. 
 (b) 2021 Incremental Revolving Commitments. 

(i) Subject to the terms and subject to the conditions set forth herein and in the Credit Agreement (as amended
hereby) (A) each 2021 Incremental Revolving Lender party hereto severally, and not jointly, agrees that it shall have a 2021 Incremental Revolving Commitment on and as of the Fourth Amendment Closing Date in Dollars in a principal amount not to
exceed the amount set forth opposite such 2021 Incremental Revolving Lender’s name on Part 2 of Schedule 1 hereto and (B) each 2021 Incremental Revolver Lender party hereto severally, and not jointly, agrees that it shall have an Issuing
Bank Sublimit on and as of the Fourth Amendment Closing Date in an amount equal to the amount set forth opposite its name in Part 3 of Schedule 1 hereto. 

(ii) Immediately upon the establishment of the 2021 Incremental Revolving Commitments on the Fourth Amendment Closing Date,
(A) the 2021 Incremental Revolving Commitments shall be added to (and form part of) the existing Class of Initial Revolving Credit Commitments under the Credit Agreement, (B) the 2021 Incremental Revolving Commitments shall be secured
by identical collateral and guaranteed on identical terms as the existing Initial Revolving Credit Commitments and (C) and thereby effectively increase the principal amount of, the Revolving Credit Commitments in effect immediately prior to the
Fourth Amendment Closing Date (the “Existing Revolving Commitments”). 
 (iii) The terms of the 2021
Incremental Revolving Commitments shall be identical to the terms of the Existing Initial Revolving Credit Commitments, as such terms of the existing Initial Revolving Credit Commitments are amended pursuant to Section 3 of
this Fourth Amendment. Without limiting the foregoing, upon the establishment of the 2021 Incremental Revolving Commitments on the Fourth Amendment Closing Date, the 2021 Incremental Revolving Commitments shall be deemed to be “Initial
Revolving Credit Commitments” and “Revolving Credit Commitments”, and shall constitute an Incremental Increase of, and be part of the same Class as, the Existing Initial Revolving Credit Commitments, and each Lender holding a
2021 Incremental Revolving Commitment shall be deemed to be an 

  
 4 

 
“Initial Revolving Lender”, a “Revolving Lender” and a “Lender”, in each case, for all purposes of the Credit Agreement and the other Loan Documents (including,
without limitation, for purposes of the definitions of the terms “Adjusted LIBO Rate”, “Applicable Rate” and “Maturity Date” and Sections 2.09 and 2.10 of the Credit Agreement). 

(iv) Upon the Fourth Amendment Closing Date, (i) each Revolving Lender immediately prior to the Fourth Amendment Closing
Date (the “Existing Revolving Lenders”) will automatically and without further act be deemed to have assigned to each relevant 2021 Incremental Revolving Lender, and each relevant 2021 Incremental Revolving Lender will
automatically and without further act be deemed to have assumed, a portion of such Existing Revolving Lender’s participations hereunder in outstanding Letters of Credit such that, after giving effect to each deemed assignment and assumption of
participations, all of the Revolving Lenders’ (including each 2021 Incremental Revolving Lender’s) participations under the Credit Agreement in Letters of Credit, in each case, shall be held on a pro rata basis on the basis of their
respective Revolving Credit Commitments (after giving effect to the increase in the Revolving Credit Commitments described in Section 2(b)(ii)) and (ii) the Existing Revolving Lenders shall assign Revolving Loans to
certain other Revolving Lenders (including the 2021 Incremental Revolving Lenders), and such other Revolving Lenders (including the 2021 Incremental Revolving Lenders) shall purchase such Revolving Loans, in each case to the extent necessary so that
all of the Revolving Lenders participate in each outstanding Borrowing of Revolving Loans pro rata on the basis of their respective Revolving Credit Commitments (after giving effect to the increase in the Revolving Credit Commitments described in
Section 2(b)(ii)); it being understood and agreed that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained in the Credit Agreement shall not apply to the transactions effected pursuant to
this Section 2(b)(iv). 
 (v) To the extent its consent is required under
Section 2.21(b) of the Credit Agreement, each of the Administrative Agent and Credit Suisse AG, Cayman Islands Branch, in its capacity as Issuing Bank, hereby consent to the identity of the 2021 Incremental Revolving
Lenders. For purposes of Section 9.02(d)(iv) of the Credit Agreement and the definition of “Issuing Bank Sublimit” set forth in the Credit Agreement, the parties hereto agree that this Fourth Amendment shall
constitute notice in writing under Section 2.05(i) from the Administrative Agent to the Revolving Lenders of an additional Issuing Bank. 

SECTION 3. Amendments to the Credit Agreement. On the Fourth Amendment Closing Date (but subject, in the case of Section 3(e)
below, to Section 7), the Credit Agreement is hereby amended as follows: 
 (a) Section 1.01 of the Credit Agreement is hereby
amended by adding the following definitions in the appropriate alphabetical order: 
 “2021 Incremental Revolving
Commitment” has the meaning assigned to such term in the Fourth Amendment. 
 “2021 Incremental Revolving
Lender” has the meaning assigned to such term in the Fourth Amendment. 

  
 5 

 “Fourth Amendment” means that certain Fourth Amendment and
Incremental Facility Amendment to Credit Agreement, dated as of September 30, 2021, among the Borrower, Holdings, the 2021 Incremental Revolving Lenders, the Initial Fourth Amendment Incremental Term Lenders, the Required Revolving Lenders, the
Issuing Banks party thereto and the Administrative Agent, as amended, restated, amended and restated, supplemented or otherwise modified from time to time. 

“Fourth Amendment Closing Date” has the meaning assigned to such term in Section 6 of the Fourth
Amendment. 
 “Fourth Amendment Fee Letter” means that certain Engagement Letter, dated as of
September 2, 2021, by and between Credit Suisse, the Fourth Amendment Lead Arranger and the Borrower. 
 “Fourth
Amendment Incremental Term Commitments” has the meaning assigned to such term in the Fourth Amendment. 

“Fourth Amendment Incremental Term Lender” means, at any time, any Lender that has a Fourth Amendment
Incremental Term Commitment or a Fourth Amendment Incremental Term Loan at such time. 
 “Fourth Amendment
Incremental Term Loans” has the meaning set forth in Section 2.01(e). 
 “Fourth
Amendment Lead Arrangers” has the meaning assigned to such term in the Fourth Amendment. 
 (b) The definition of
“Arranger” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“Arranger” means (i) Credit Suisse Loan Funding LLC, as sole lead arranger and sole bookrunner
(including, for the avoidance of doubt, in its capacity as Third Amendment Lead Arranger and (ii) the Fourth Amendment Lead Arrangers). 

(c) The definition of “Initial Revolving Credit Commitment” in Section 1.01 of the Credit Agreement
is hereby amended and restated in its entirety to read as follows: 
 “Initial Revolving Credit Commitment”
means, with respect to each Lender, the commitment of such Lender to make Initial Revolving Loans (and acquire participations in Letters of Credit) hereunder as set forth on Schedule 2.01 under the heading “Initial Revolving
Commitment”, or in the Assignment and Assumption or the Incremental Facility Amendment pursuant to which such Lender assumed or provided its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to
time pursuant to Section 2.08 or 2.18, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased from time to
time pursuant to Section 2.21 (including, for the avoidance of doubt, any 2021 Incremental Revolving Commitment). The aggregate amount of the Initial Revolving Credit Commitments as of the Fourth Amendment Closing Date is
$60,000,000.” 
 (d) The definition of “Initial Term Loans” in Section 1.01 of the Credit
Agreement is hereby amended and restated in its entirety to read as follows: 
 “Initial Term Loans” means
the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.01(a)(i) (including, for the avoidance of doubt, (x) any Delayed Draw Term Loans that are converted into Initial Term Loans pursuant
to Section 2.01(b), (y) any Third Amendment Incremental Term Loans that are converted into Initial Term Loans pursuant to Section 2.01(d)) and (z) any Fourth Amendment Incremental Term
Loans.” 

  
 6 

 (e) The definition of “Post-SPAC Financial Covenant Level” in
Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

“Post-SPAC Financial Covenant Level” means 5.80:1.00.” 

(f) Section 2.01 of the Credit Agreement is hereby amended by inserting the following new clause (e) at the end thereof: 

“(e) Subject to and upon the terms and conditions set forth herein and in the Fourth Amendment, each Lender with a Fourth
Amendment Incremental Term Commitment severally, and not jointly, agrees to make a term loan or term loans (each, a “Fourth Amendment Incremental Term Loan” and, collectively, the “Fourth Amendment Incremental Term
Loans”) to the Borrower, which Fourth Amendment Incremental Term Loans (i) shall be incurred pursuant to a single drawing on the Fourth Amendment Closing Date, (ii) shall be denominated in Dollars, (iii) shall be added to
(and form part of) the existing Class of Initial Term Loans outstanding on the Fourth Amendment Closing Date and (iv) shall be made by each such Lender in that aggregate principal amount which does not exceed the Fourth Amendment
Incremental Term Commitment of such Lender on the Fourth Amendment Closing Date. The aggregate principal amount of the Fourth Amendment Incremental Term Loans made on the Fourth Amendment Closing Date shall be $100,000,000. Once repaid or prepaid,
Fourth Amendment Incremental Term Loans incurred hereunder may not be reborrowed.” 
 (g) Section 2.08(a) of the Credit
Agreement is hereby amended and restated in its entirety to read as follows: 
 “(a) Unless previously terminated,
(i) the Initial Term Commitments on the Closing Date shall automatically terminate upon the making of the Initial Term Loans on the Closing Date, (ii) the Delayed Draw Term Commitments shall automatically terminate on the Delayed Draw
Termination Date (after giving effect to any incurrence of Delayed Draw Term Loans on such date), (iii) the Initial Revolving Credit Commitments shall automatically terminate on the Initial Revolving Credit Maturity Date, (iv) the Additional
Term Commitments of any Class (including, without limitation, the Third Amendment Incremental Term Commitments) shall automatically terminate upon the making of the Additional Term Loans of such Class and, if any such Additional Term Commitment
is not drawn on the date that such Additional Term Commitment is required to be drawn pursuant to the applicable Refinancing Amendment or Incremental Facility Amendment, the undrawn amount thereof shall automatically terminate, (v) the
Additional Revolving Credit Commitments of any Class shall automatically terminate on the Maturity Date specified therefor in the applicable Refinancing Amendment or Incremental Facility Amendment and (vi) the Fourth Amendment Incremental
Term Commitments shall terminate in accordance with the terms of the Fourth Amendment.” 
 (h) Section 2.09(a)(i) of the Credit
Agreement is hereby amended and restated in its entirety as follows: 
 “(i) The Borrower hereby unconditionally
promises to repay the outstanding principal amount of the Initial Term Loans to the Administrative Agent for the account of each Term Lender (A) (x) on the last Business Day of each March, June, September and December (commencing on
March 31, 2021) (each such date, a “Scheduled Payment Amortization Date”), in each case, in an amount equal to (x) $1,372,000 in the case of any such payment required to be made during the period from (and including)
June 30, 2021 through (and including) September 30, 2021 and (y) 

  
 7 

 
$1,623,256.28 in the case of any such payment required to be made thereafter (in each case, as such payments may be reduced from time to time as a result of the application of prepayments in
accordance with Section 2.10 and repurchases in accordance with Section 9.05(g) or increased as a result of any increase in the principal amount of the Initial Term Loans pursuant to
Section 2.21(a) or in connection with any conversion of Delayed Draw Term Loans to Initial Term Loans made pursuant to Section 2.01(b) in a manner to be determined by the Administrative Agent and
the Borrower), and (B) on the Initial Term Loan Maturity Date, in an amount equal to the remainder of the principal amount of the Initial Term Loans outstanding on such date, together, in each case, with accrued and unpaid interest on the
principal amount to be paid to but excluding the date of such payment.” 
 (i) Section 5.11(a) of the Credit Agreement is hereby
amended by (x) removing the text “and (e)” appearing therein and inserting the text “, (e)” in lieu thereof and (y) inserting the following new clause (f) at the end thereof: 

“and (f) the Fourth Amendment Incremental Term Loans made on the Fourth Amendment Closing Date for working capital needs and other
general corporate purposes of the Borrower and its Restricted Subsidiaries, including for capital expenditures, acquisitions and other Investments, Restricted Payments and any other purpose not prohibited by the terms of the Loan Documents.”

 SECTION 4. Representations and Warranties. To induce the other parties hereto to enter into this Fourth Amendment, each of
Holdings and the Borrower represents and warrants to the Administrative Agent and the Fourth Amendment Incremental Lenders that: 
 (a) as of
the Fourth Amendment Closing Date, after giving effect to this Fourth Amendment and the Fourth Amendment Incremental Transactions, all of the representations and warranties of the Loan Parties set forth in this Fourth Amendment and the other Loan
Documents are true and correct in all material respects (or, if qualified by materially, in all respects) on and as of the Fourth Amendment Closing Date; provided that to the extent that any representation and warranty specifically refers to
a given date or period, it shall be true and correct in all material respects (or, if qualified by materially, in all respects) as of such date or for such period; and 

(b) no Event of Default has occurred and is continuing at the time of, or immediately after giving effect to, the funding of the Fourth
Amendment Incremental Term Loans and the establishment of the 2021 Incremental Revolving Commitments on the Fourth Amendment Closing Date. 

SECTION 5. [Reserved] 

SECTION 6. Conditions to the Fourth Amendment Closing Date. The effectiveness of this Fourth Amendment (other than the Financial
Covenant Amendment set forth in Section 3(e) hereof), the funding of the Fourth Amendment Incremental Term Loans and the establishment of the 2021 Incremental Revolving Commitments is subject to the satisfaction (or waiver
by the Fourth Amendment Incremental Lenders) of the following conditions precedent (the first date of the satisfaction thereof is referred to as the “Fourth Amendment Closing Date”): 

(a) Fourth Amendment. The Administrative Agent (or its counsel) shall have received from each of the Borrower and Holdings a
counterpart signed by the Borrower and Holdings (or written evidence reasonably satisfactory to the Administrative Agent (which may include a copy transmitted by facsimile or other electronic method) that such Loan Party has signed a counterpart) of
this Fourth Amendment. 

  
 8 

 (b) Representations and Warranties; Absence of Events of Default. All of the
representations and warranties of the Loan Parties set forth in this Fourth Amendment and the other Loan Documents shall be true and correct in all material respects (or, if qualified by materiality, in all respects) as of the Fourth Amendment
Closing Date; provided that to the extent that any representation and warranty specifically refers to a given date or period, it shall be true and correct in all material respects (or, if qualified by materiality, in all respects) as of such
date or for such period. No Event of Default shall have occurred and be continuing at the time of, or immediately after giving effect to, the funding of the Fourth Amendment Incremental Term Loans and the establishment of the 2021 Incremental
Revolving Facility Commitments on the Fourth Amendment Closing Date. 
 (c) Borrowing Notice. The Administrative Agent (or its
counsel) shall have received from the Borrower, a Borrowing Request in respect of the Fourth Amendment Incremental Term Loans in accordance with Sections 2.03 and 2.21(d) of the Credit Agreement not later than 12:00 p.m., New York City
time, one (1) Business Day before the Fourth Amendment Closing Date (or such later time as the Administrative Agent may agree). 
 (d)
Legal Opinions. The Administrative Agent shall have received, on behalf of itself and the Fourth Amendment Incremental Lenders on the Fourth Amendment Closing Date, a customary written opinion of (i) Goodwin Procter LLP, in its capacity
as counsel for the Loan Parties and (ii) Hill Ward Henderson, in its capacity as Florida counsel for the applicable Loan Parties, in each case, dated the Fourth Amendment Closing Date and addressed to the Administrative Agent and the Fourth
Amendment Incremental Lenders and with respect to this Fourth Amendment and the other Loan Documents executed on the Fourth Amendment Closing Date. 

(e) Secretary’s Certificates and Good Standing Certificates. The Administrative Agent shall have received (i) a certificate
of each Loan Party, each dated the Fourth Amendment Closing Date and executed by a secretary, assistant secretary or other Responsible Officer thereof, which shall (A) certify that (1) attached thereto is a true and complete copy of the
certificate or articles of incorporation, formation or organization (or equivalent) of such Loan Party certified by the relevant authority of its jurisdiction of organization (to the extent reasonably available in the applicable jurisdiction),
(2) the certificate or articles of incorporation, formation or organization (or equivalent) of such Loan Party attached thereto have not been amended (except as attached thereto) since the date reflected thereon, (3) attached thereto is a
true and correct copy of the by-laws or operating, management, partnership or similar agreement of such Loan Party, together with all amendments thereto as of the Fourth Amendment Closing Date, and such by-laws or operating, management, partnership or similar agreement are in full force and effect as of the Fourth Amendment Closing Date and (4) attached thereto is a true and complete copy of the resolutions or
written consent, as applicable, of its board of directors, board of managers, sole member or other applicable governing body authorizing the execution and delivery of the Loan Documents, which resolutions or consent have not been modified, rescinded
or amended (other than as attached thereto) and are in full force and effect, and (B) identify by name and title and bear the signatures of the officers, managers, directors or authorized signatories of such Loan Party authorized to sign the
Loan Documents to which such Loan Party is a party on the Fourth Amendment Closing Date and (ii) a good standing (or equivalent) certificate as of a recent date for each Loan Party from the relevant authority of its jurisdiction of organization
(to the extent applicable in such jurisdiction). 
 (f) Officer’s Certificate. The Administrative Agent shall have received a
certificate, dated the Fourth Amendment Closing Date and executed by a Responsible Officer of the Borrower, certifying as to the satisfaction of the conditions set forth in Sections 6(b) and 6(j) (and, in the case of the condition set
forth in Section 6(j), attaching a reasonably detailed calculation demonstrating compliance therewith). 

  
 9 

 (g) Solvency. The Administrative Agent shall have received a certificate in
substantially the form attached as Exhibit L to the Credit Agreement (with references therein to the “Transactions” being updated to refer to the “Fourth Amendment Incremental Transactions”) from the chief financial
officer (or other Responsible Officer with reasonably equivalent responsibilities) of the Borrower dated as of the Fourth Amendment Closing Date and certifying as to the matters set forth therein. 

(h) Fees. Prior to or substantially concurrently with the funding of the Fourth Amendment Incremental Term Loans and the establishment
of the 2021 Incremental Revolving Facility Commitments, the Fourth Amendment Incremental Lenders, the Administrative Agent and the Fourth Amendment Lead Arrangers shall have received all fees and reimbursement of all reasonable out-of-pocket expenses (including reasonable legal fees and expenses), in each case required to paid or reimbursed by the Borrower and for which invoices in reasonable detail
have been presented at least three (3) Business Days prior to the Fourth Amendment Closing Date (or such later date to which the Borrower may agree and which amounts may be offset against the proceeds of the Fourth Amendment Incremental Term
Facility). 
 (i) USA PATRIOT Act and Beneficial Ownership Certification. The Administrative Agent shall have received at least three
(3) Business Days prior to the Fourth Amendment Closing Date (or such later date to which the Borrower and the Administrative Agent may agree) all documentation and other information about the Borrower and the Guarantors as has been reasonably
requested in writing at least 10 days prior to the Fourth Amendment Closing Date (or such later date to which the Borrower and the Administrative Agent may agree) by the Administrative Agent (on behalf of itself and the Lenders) and that the
Administrative Agent reasonably determines is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation the USA PATRIOT Act. No later than three
(3) Business Days prior to the Fourth Amendment Closing Date, if the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation and the Administrative Agent has so requested the Borrower in writing at
least 10 days prior to the Fourth Amendment Closing Date, then the Borrower shall have delivered to the Administrative Agent a Beneficial Ownership Certification in relation to the Borrower. 

(j) Incremental Cap. The aggregate principal amount of the Fourth Amendment Incremental Term Facility and the establishment of the 2021
Incremental Revolving Commitments shall, in each case, be permitted under the “Incremental Cap” definition as defined in the Credit Agreement. 

(k) Reaffirmation by the Loan Parties. The Administrative Agent shall have received a customary reaffirmation agreement, dated as of
the Fourth Amendment Closing Date (the “Reaffirmation Agreement”) and executed by each Reaffirming Party, whereby it agrees to reaffirm its obligations pursuant to the Credit Agreement (in the case of Holdings and the Borrower), the
Guarantee Agreement, the Collateral Documents and the other Loan Documents to which it is a party. 
 SECTION 7. Conditions to the
Financial Covenant Amendment. The effectiveness of the Financial Covenant Amendment set forth in Section 3(e) is subject solely to (x) the occurrence of the Fourth Amendment Closing Date and (y) the satisfaction (or waiver by the
Consenting Lenders) of the following condition precedent: 
 (a) The Administrative Agent (or its counsel) shall have received from
each Consenting Lender a counterpart signed by such Consenting Lender (or written evidence reasonably satisfactory to the Administrative Agent (which may include a copy transmitted by facsimile or other electronic method) that such Consenting Lender
has signed a counterpart) of this Fourth Amendment. 
 SECTION 8. Reference to and Effect on the Credit Agreement and the other Loan
Documents. 

  
 10 

 (a) On and after the Fourth Amendment Closing Date, each reference in the Credit Agreement
to “this Agreement,” “hereunder,” “hereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement, as amended by this Fourth Amendment. 

(b) The Credit Agreement and each of the other Loan Documents, as specifically amended by this Fourth Amendment, are and shall continue to be
in full force and effect and are hereby in all respects ratified and confirmed. Without limiting the generality of the foregoing, the Collateral Documents and all of the Collateral described therein do and shall continue to secure the payment of all
Obligations of the Loan Parties, as amended by this Fourth Amendment (including any such Obligations in respect of the Fourth Amendment Incremental Term Loans and the 2021 Incremental Revolving Commitments and the Revolving Credit Exposure
thereunder). 
 (c) On and after the effectiveness of this Fourth Amendment, this Fourth Amendment shall constitute a “Loan
Document” for all purposes of the Credit Agreement (as amended by this Fourth Amendment) and the other Loan Documents. 
 (d) This
Fourth Amendment is limited as specified and shall not constitute an amendment, modification, acceptance or waiver of any other provision of the Credit Agreement or any other Loan Document. 

SECTION 9. Execution in Counterparts. This Fourth Amendment may be executed in counterparts (and by different parties hereto on
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Any signature to this Fourth Amendment may be delivered by facsimile, electronic mail (including pdf) or
any electronic signature complying with the U.S. Federal ESIGN Act of 2000 or the New York Electronic Signature and Records Act or other transmission method and any counterpart so delivered shall be deemed to have been duly and validly delivered and
be valid and effective for all purposes to the fullest extent permitted by applicable law. For the avoidance of doubt, the foregoing also applies to any amendment, extension or renewal of this Fourth Amendment. Each of the parties represents and
warrants to the other parties that it has the corporate capacity and authority to execute this Fourth Amendment through electronic means and there are no restrictions for doing so in that party’s constitutive documents. 

SECTION 10. Severability. Section 9.08 of the Credit Agreement is incorporated by reference herein as if such
Section appeared herein, mutatis mutandis. 
 SECTION 11. Governing Law; Submission to Jurisdiction; Waiver of Jury Trial,
Etc. THIS FOURTH AMENDMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE (WHETHER IN TORT, IN CONTRACT, AT LAW OR IN EQUITY OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATED TO THIS FOURTH AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. SECTIONS 9.10(b), (c) and (d) AND 9.11 OF THE CREDIT AGREEMENT ARE INCORPORATED BY REFERENCE HEREIN AS IF SUCH SECTIONS APPEARED HEREIN, MUTATIS MUTANDIS. 

SECTION 12. Headings. Section headings herein are included for convenience of reference only and shall not affect the interpretation of
this Fourth Amendment. 
 [The remainder of this page is intentionally left blank] 

  
 11 

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

			
	CANO HEALTH, LLC, as Borrower
		
	By:	 	/s/ Brian Koppy 
		 	Name: Brian Koppy
		 	Title: Chief Financial Officer
	
	PRIMARY CARE (ITC) INTERMEDIATE HOLDINGS, LLC, as Holdings
		
	By:	 	/s/ Brian Koppy 
		 	Name: Brian Koppy
		 	Title: Chief Financial Officer

 [Signature Page to Fourth Amendment and Incremental Facility Amendment to Credit Agreement] 

 
			
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent, as an Initial Fourth Amendment Incremental Term Lender, as a
Revolving Lender and as an Issuing Bank

		
	By:	 	/s/ Vipul Dhadda
		 	Name: Vipul Dhadda
		 	Title: Authorized Signatory
		
	By:	 	/s/ Ilan Dolgin
		 	Name: Ilan Dolgin
		 	Title: Authorized Signatory

 [Signature Page to Fourth Amendment and Incremental Facility Amendment to Credit Agreement] 

 
			
	MORGAN STANLEY SENIOR FUNDING, INC., as a 2021 Incremental Revolving Lender and as an Issuing Bank
		
	By:	 	/s/ Mark Scioscia
		 	Name: Mark Scioscia
		 	Title:   Authorized Signatory

 [Signature Page to Fourth Amendment and Incremental Facility Amendment to Credit Agreement] 

 Schedule I 

Part 1: Fourth Amendment Incremental Term Commitments 
  

					
	 Initial Fourth Amendment Incremental Term Lender
	  	Fourth Amendment
Incremental Term
Commitment	 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	100,000,000	 
		  	  
	  
	 
	 Total
	  	$	100,000,000	 
		  	  
	  
	 

 Part 2: 2021 Incremental Revolving Commitment 

 

					
	 2021 Incremental Revolving Lender
	  	2021 Incremental
Revolving Commitment	 
	 Morgan Stanley Senior Funding, Inc.
	  	$	30,000,000	 
		  	  
	  
	 
	 Total
	  	$	30,000,000	 
		  	  
	  
	 

 Part 3: Letter of Credit Sublimit 
  

					
	 Issuing Bank
	  	Issuing Bank
Sublimit	 
	 Credit Suisse AG, Cayman Islands Branch
	  	$	5,000,000	 
		  	  
	  
	 
	 Morgan Stanley Senior Funding, Inc.
	  	$	5,000,000	 
		  	  
	  
	 
	 Total
	  	$	10,000,000bfi-ex101_6.htm

Exhibit 10.1

SEPARATION AND GENERAL MUTUAL RELEASE AGREEMENT

 

THIS SEPARATION AND GENERAL MUTUAL RELEASE AGREEMENT (the “Agreement”) is entered into between Ross Goldstein (the “Executive”) and BurgerFi International, Inc. (“BurgerFi”) (collectively, the “Parties”), as follows:

 

Terms and Conditions

 

1.Separation of Employment. Executive and BurgerFi hereby agree that Executive gave notice of termination of employment on September 8, 2021, and that Executive’s final day of employment will be September 30, 2021 (the “Separation Date”). Executive will be paid all accrued compensation through and including the Separation Date.

 

2.Consideration. In consideration for the release in paragraph 3 below and for Executive’s performance of the Continuing Obligations as such term is defined in paragraph 4 below, BurgerFi agrees to grant to Executive 7,500 Shares of Unrestricted Stock (the “Stock Grant”) pursuant to the BurgerFi 2020 Omnibus Equity Incentive Plan (the “Equity Incentive Plan”). Executive and BurgerFi shall enter into an Unrestricted Stock Agreement (as such term is defined in the Equity Incentive Plan) with respect to the Stock Grant. If BurgerFi does not deliver the Stock Grant pursuant to the Unrestricted Stock Agreement, whether to confirm to laws, rules or regulations or otherwise, this Agreement will be null and void and neither Executive nor BurgerFi shall have any obligations under it.

 

3.Release by Executive. In exchange for the Stock Grant, Executive releases and gives up any and all waivable claims and rights that Executive may have against BurgerFi, its parents, subsidiaries, affiliates and divisions, and each of their respective past and present officers, directors, members, shareholders, executives, agents, representatives, consultants, fiduciaries, attorneys, insurers, benefit plans, plan administrators and joint venture partners, and all of their respective predecessors, successors and assigns (collectively, “Releasees”). This releases all waivable claims resulting from anything that has happened up through the date that Executive signs this Agreement, including those claims of which Executive is not aware and those not specifically mentioned in this Agreement, regardless of whether such claims are asserted or unasserted, suspected or unsuspected, accrued or not yet accrued. Without limiting the generality of the foregoing, Executive specifically releases all claims relating to: (i) Executive’s employment by BurgerFi, the terms and conditions of such employment, Executive benefits related to Executive’s employment, Executive’s separation from employment, and/or any of the events relating directly or indirectly to or surrounding such separation; (ii) any and all claims of discrimination (including harassment), whistleblowing or retaliation in employment (whether based on federal, state or local law, statutory or decisional), including without limitation, all claims under the Age Discrimination in Employment Act of 1967 (the “ADEA”) (this release is meant to comply with the Older Workers Benefit Protection Act (“OWBPA”), 29 U.S.C. § 621 et seq., which statute was enacted to, among other things, ensure that individuals forty (40) years of age or older who waive their rights under the ADEA do so knowingly and voluntarily), the Worker’s Adjustment and Retraining Notification Act (“WARN”), Title VII of the Civil Rights Act of 1964, as amended (“Title VII”), the Americans with Disabilities Act, as amended (“ADA”), the Civil Rights Act of 1991, the Pregnancy Discrimination Act (“PDA”), the Reconstruction Era Civil 

Executive’s Initials _/s/ RG___BurgerFi’s Initials _/s/ JR___

 

 

Rights Act of 1866, 42 USC §§ 1981-86, as amended, the Equal Pay Act (“EPA”), the Family and Medical Leave Act, as amended (“FMLA”), The Families First Coronavirus Response Act (“FFCRA”), the Fair Labor Standards Act (“FLSA”), the Executive Retirement Income Security Act (“ERISA”) (other than claims with regard to vested benefits), Sections 503 and 504 of the Rehabilitation Act of 1973, the Occupational Safety and Health Act (“OSHA”), COBRA, the National Labor Relations Act (“NLRA”), the Families First Coronavirus Relief Act ("FFCRA"), the Florida Civil Rights Act of 1992 ("FCRA") f/k/a Human Rights Act of 1977, § 725.07, Fla. Stat., any and all claims/actions for retaliation that have been or could have been raised under Florida’s Workers’ Compensation statute (Florida Statute § 440.205), the Florida Private Sector Whistle-Blower Act (Fla. Stat. § 448.101-105), the Florida Equal Pay Act, any claims under Fla. Stat. § 448.08 for unpaid wages, and waivable rights under the Florida Constitution, or any state or local discrimination (including harassment), whistle blowing or retaliation law; (iii) any and all waivable claims for unpaid wages under any state or local law; (iv) any and all claims for violation of any state or local wage and hour law; (v) any and all waivable rights under the Constitution of the state in which Executive resides or performed work for BurgerFi; (vi) any and all claims for wrongful discharge; (vii) any and all claims for damages of any kind whatsoever, including without limitation compensatory, punitive, treble, liquidated and/or consequential damages; (viii) any and all claims under any contract, whether express or implied; (ix) any and all claims for unintentional or intentional torts, emotional distress and pain and suffering; (x) any and all claims for violation of any statutory or administrative rules, regulations, ordinances or codes; and (xi) any and all claims for attorneys’ fees, paralegals’ fees, costs, disbursements, wages, leave, bonuses, benefits, vacation and/or the like. Executive represents that Executive knows of no claim against the Releasees that Executive has that has not been released by this paragraph. Executive understands and agrees that this Agreement is binding on Executive and on anyone who succeeds to Executive’s rights. Executive further understands that this Agreement and the general release do not waive rights or claims that may arise after the date that this Agreement is signed by him or rights or claims that cannot be waived as a matter of law (such as claims for unemployment compensation benefits and workers’ compensation benefits).

 

4.Executive’s Continuing Obligations. Executive agrees, upon the request of BurgerFi or any of the other Releasees, to be available to consult with and provide information to BurgerFi or counsel for BurgerFi with respect to BurgerFi-related matters, including any due diligence, organizational or compliance matters, franchise matters, or investigation, litigation, arbitration, or regulatory proceeding regarding events that occurred during Executive’s tenure with BurgerFi (the “Continuing Obligations”). Executive will remain reasonably available to perform the Continuing Obligations from the Separation Date to and including January 2, 2022, during non-working hours (i.e., the times that Executive is not actively at work for his then current employer). To the extent permitted by law, BurgerFi will reimburse Executive for reasonable out-of-pocket expenses Executive incurs in performing the Continuing Obligations, so long as Executive provides advance written notice of Executive’s request for reimbursement and provides satisfactory documentation of the expenses. 

5.Release by BurgerFi. In exchange for Executive’s agreement to perform the Continuing Obligations and Executive’s general release of claims, BurgerFi hereby releases and discharges Executive from any and all claims it or any Releasee may have against Executive at the time of the execution of this Agreement. This waiver includes any claims under any federal, state or local laws, or for breach of contract, or for any other tort, common law or contract claim, 

Executive’s Initials _/s/ RG___BurgerFi’s Initials _/s/ JR___

 

 

 

including claims for attorneys fees, costs, and/or expenses. BurgerFi expressly acknowledges that the release and waiver of claims set forth herein includes all claims that have arisen up to the date of this Agreement, whether or not such claims have been asserted and whether or not such claims are known to BurgerFi at the time of the making of this Agreement, including without limitation, any claims arising under or related to the BurgerFi restaurants owned or claim to be owned, indirectly or directly, by John Rosatti and/or Adam Rosatti (collectively, the “Rosatti Matters”). Notwithstanding the foregoing, the release provided in this paragraph 5 does not include claims arising from Executive’s fraud or intentional misconduct. In the event that any third-party claims are brought against Executive related to any matters arising during the course of Executive’s employment with BurgerFi, including without limitation, the Rosatti Matters, BurgerFi will indemnify and hold harmless Executive from any and all costs incurred by Executive as a result thereof, including attorneys’ fees and defense costs, in accordance with BurgerFi’s officer indemnification policies and BurgerFi’s insurance policies.

6.Taxes and Indemnification. Executive agrees to pay any and all taxes (other than BurgerFi’s share of payroll taxes) found to be owed from the Stock Grant and to indemnify and hold BurgerFi harmless for any federal, state and local tax liability, including taxes, interest, penalties or the like, and required withholdings, which may be or are asserted against or imposed upon the Releasees by any taxing authority as a result of Executive’s non-payment of taxes for which Executive is legally responsible. Executive understands and agrees that any necessary tax documentation, such as IRS Form W-2s, may be filed by BurgerFi with regard to monies or other compensation paid under this Agreement. Executive and BurgerFi acknowledge that nothing herein shall constitute tax advice to the other party.

7.Confidentiality. Notwithstanding any Executive confidentiality obligations, BurgerFi acknowledges that an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (a) is made in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and made solely for the purpose of reporting or investigating a suspected violation of law; or (b) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. BurgerFi further acknowledges that an individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual: (a) files any document containing the trade secret under seal; and (b) does not disclose the trade secret, except pursuant to court order.

8.Incitement of Claims/Participation in Claims. Executive agrees that Executive will not encourage or incite any person including, but not limited to, other current or former Executives of BurgerFi to disparage, to assert any complaint or claim in federal or state court against Releasees. Executive also agrees not to participate, cooperate or assist in any manner, whether as a witness, expert, consultant or otherwise, in any lawsuit, complaint, charge or other proceeding involving BurgerFi or any of the other Releasees as a party unless requested to do so by BurgerFi, compelled by subpoena or court order. Executive acknowledges that any incitement of others to file such claims or participation in such claims by Executive would constitute a material breach of this Agreement. 

 

9.Non-Interference. Nothing in this Agreement shall interfere with Executive’s right to file a charge, cooperate or participate in an investigation or proceeding conducted by the Equal Employment Opportunity Commission (“EEOC”), the National Labor Relations Board ("NLRB"), the Occupational Safety and Health Administration (“OSHA”), the Securities and Exchange Commission (“SEC”) or any other federal, state or local governmental agency or commission (“Government Agencies”). Further, Executive does not release the right to recover a bounty or reward from the SEC in connection with the disclosure of information associated with any investigation conducted by the SEC, if applicable. However, the consideration provided to Executive in this Agreement shall be the sole relief provided to Executive for the claims that are released by Executive herein and Executive will not be entitled to recover and agrees to waive any monetary benefits or recovery against Releasees in connection with any such claim, without regard to who has brought such claim.

Executive’s Initials _/s/ RG___BurgerFi’s Initials _/s/ JR___

 

 

 

 

10.No Claims Filed. Executive represents and warrants that Executive has not filed any claims or causes of action against any of the Releasees, including, but not limited to, any charges of discrimination (including harassment) or retaliation with any federal, state or local agency or court. Executive’s representation to same constitutes a material inducement for BurgerFi entering into this Agreement. In the event Executive has filed such a claim or cause of action, it will be considered a material breach of the terms of this Agreement.

 

11.Complete/Agreement Survival. The Parties agree that this Agreement and incorporated release, together with that certain Employment Agreement effective January 6, 2021 by and between BurgerFi and the Executive (the “Employment Agreement”), sets forth all the promises and agreements between them and supersedes all prior and contemporaneous agreements, understandings, inducements or conditions, expressed or implied, oral or written. BurgerFi and Executive acknowledge and understand that Executive’s post-termination obligations under paragraphs 4, 6, 7, 8 and 14 of this Agreement, and BurgerFi’s post-termination obligations under paragraph 5 of this Agreement, survive termination of Executive’s employment with BurgerFi.

12.Sufficiency of Consideration; Severability. Executive agrees that the Stock Grant is made in exchange for and constitutes good and valuable consideration for Executive’s execution of this Agreement.  Should a court of competent jurisdiction determine that one or both of the general releases set forth in paragraphs 3 and 5 above are invalid, void and/or unenforceable, then the Parties agree that the obligations under this Agreement shall be null and void and Executive shall return the Stock Grant to BurgerFi. If any other provisions in this Agreement are held by a court of competent jurisdiction to be invalid, void or unenforceable, provided that the benefit of the bargain has been realized (i.e., Executive received the Stock Grant and the mutual general releases are enforceable), the remaining provisions shall nevertheless continue in full force without being impaired or invalidated in any way. Nothing in this paragraph is intended to, nor shall be construed to apply to any contrary rights of Executive under the ADEA.

 

13.Acknowledgment. Executive acknowledges that Executive has been advised in writing to consult with an attorney before signing this Agreement; acknowledges and understands that the general release contained in paragraph 3 above effectively waives all claims under the ADEA; agrees that this Agreement complies with the OWBPA; and acknowledges that Executive has been afforded the opportunity to consider the terms of this Agreement for a period of twenty-one (21) days prior to its execution. Executive understands that Executive may use as much or as 

Executive’s Initials _/s/ RG___BurgerFi’s Initials _/s/ JR___

 

 

 

little of this twenty-one (21) day review period as desired. The Parties agree that any material or non-material changes made to this Agreement after Executive receives this Agreement do not restart the running of the twenty-one (21) day period. Executive acknowledges that no representation, promise or inducement has been made other than as set forth in this Agreement and the Unrestricted Stock Agreement, and that Executive enters into this Agreement without reliance upon any other representation, promise or inducement not set forth herein. Executive acknowledges and represents that Executive assumes the risk for any mistake of fact now known or unknown, and that Executive understands and acknowledges the significance and consequences of this Agreement. Executive further acknowledges that Executive has read this Agreement in its entirety; that Executive fully understands all of its terms and their significance; and that Executive has signed the Agreement voluntarily, knowingly and of Executive’s own free will. Executive further affirms that Executive has been provided and/or has not been denied any leave requested under the FMLA or applicable state or local law and has not suffered any workplace injuries or occupational diseases. Executive represents that: (a) no part of the monies paid pursuant to paragraph 2 of this Agreement is a payment related to sexual harassment or sexual abuse as set forth in Section 162(q) of the Internal Revenue Code; and that (b) Executive does not contend and is not aware of any facts to suggest Executive has been subjected at any time to any acts of sexual harassment or sexual abuse by BurgerFi. Executive acknowledges that BurgerFi has relied on Executive’s representations in this paragraph 13 in agreeing to make the Stock Grant. Notwithstanding this paragraph 13, and without limiting the scope of the general release in paragraph 3, nothing in this paragraph prohibits Executive from disclosing any facts or claims pertaining to incidents of sexual harassment or sexual abuse. The Parties hereby acknowledge and agree that affiliates of BurgerFi are intended third-party beneficiaries of this Agreement and shall be entitled to enforce its terms directly against Executive to the same extent as if they were party hereto.

 

14.Non-Disparagement. Executive agrees and warrants that at no time in the future will Executive make any statements (orally or in writing, including, without limitation, whether fiction or nonfiction) or take any actions that in any way intentionally defame BurgerFi or any of the other Releasees or in any way, directly or indirectly, cause or encourage the making of such statements, or the taking of such actions, by anyone else, including, but not limited to, other current or former Executives of the Releasees. Executive acknowledges that any purposeful incitement of others to defame the Releasees would constitute a material breach of this Agreement. In the event such a communication is made to anyone, including but not limited to, the media, public interest groups and publishing companies, it will be considered a material breach of the terms of this Agreement. 

 

15.Breach. Executive acknowledges that if Executive materially breaches this Agreement, discloses and/or uses BurgerFi’s confidential and/or proprietary information, breaches the cooperation provisions of this Agreement, and/or commences a suit, action, proceeding or complaint in contravention of this Agreement and waiver of claims, BurgerFi shall be entitled to all remedies allowed in law or equity. Further, nothing in this Agreement shall prevent BurgerFi from pursuing an injunction to enforce the provisions of paragraphs 4, 6, 7, 8 and 14 above. Nothing in this paragraph is intended to, nor shall be construed to apply to any contrary rights of Executive under the ADEA.

 

Executive’s Initials _/s/ RG___BurgerFi’s Initials _/s/ JR___

 

 

 

 

16.Non-Admission. The Parties understand that the Stock Grant and other matters agreed to herein are not to be construed as an admission of or evidence of liability for any violation of the law, willful or otherwise by any entity or any person.

 

17.Binding Effect. This Agreement shall be binding upon and shall inure to the benefit of the Parties’ representatives, agents, successors, assigns, heirs, attorneys, current and future affiliates, and predecessors.

 

18.Enforcement. In the event of any litigation arising out of this Agreement, the exclusive venue shall be in Palm Beach County, Florida and shall be governed by the laws of the State of Florida, without regard to its choice of law principles, except where the application of federal law applies, and shall be decided by an arbitrator in accordance with the mediation provisions of the Employment Agreement. Nothing in this paragraph is intended to, nor shall be construed to apply to any contrary rights of Executive under the ADEA.

 

19.Transfer of Claims. Executive represents and warrants that Executive has not assigned, transferred, or purported to assign or transfer, to any person, firm, corporation, association or entity whatsoever, any claims released in paragraph 3 above. Executive agrees to indemnify and hold the Releasees harmless against, without any limitation, any and all rights, claims, warranties, demands, debts, obligations, liabilities, costs, court costs, expenses (including attorneys’ fees, paralegals’ fees and costs, at all levels), causes of action or judgments based on or arising out of any such undisclosed assignment or transfer. Executive further warrants that there is nothing that would prohibit Executive from entering into this Agreement.

 

20.Execution of Necessary Documents. Each party shall, upon the request of the other, execute and re-execute, acknowledge and deliver this Agreement and any and all papers or documents or other instruments, as may be reasonably necessary to implement the terms hereof with any formalities as may be required and, otherwise, shall cooperate to fulfill the terms hereof and enable the other party to effectuate any of the provisions of this Agreement.

 

21.No Waiver/All Rights Are Cumulative. No waiver of any breach or other rights under this Agreement shall be deemed a waiver unless the acknowledgment of the waiver is in writing executed by the party committing the waiver. No waiver shall be deemed to be a waiver of any subsequent breach or rights. All rights are cumulative under this Agreement.

 

22.Construction. The Parties expressly acknowledge that they have had equal opportunity to negotiate the terms of this Agreement and that this Agreement shall not be construed against the drafter.

 

23.Headings. The headings contained in the Agreement are for reference purposes only and shall not in any way affect the meaning or interpretation of this Agreement.

 

24.Electronic Transmissions and Counterparts. This Agreement may be executed in several counterparts and by electronic transmissions (e-mail, facsimile and/or scanner) and all so executed shall constitute one Agreement, binding on all the Parties hereto, notwithstanding that the Parties are not signatories to the original or same counterpart.

Executive’s Initials _/s/ RG___BurgerFi’s Initials _/s/ JR___

 

 

 

 

25.Right of Revocation. Executive may revoke this Agreement in writing at any time within seven (7) days after signing it (the “Revocation Period”) by delivering a written notice of revocation to BurgerFi, Attention: Chief Executive Officer. This Agreement shall not become effective and enforceable until the expiration of the seven (7)-day Revocation Period. If Executive does not revoke this Agreement during the Revocation Period, this Agreement shall be fully effective and enforceable. If Employee does revoke during the Revocation Period, this Agreement will be null and void and neither Party shall have any obligations under it.

 

Executive represents and warrants that he: (i) has read this Agreement in its entirety; (ii) has been offered a period of twenty-one (21) days to review the Agreement; (iii) has been advised in writing to consult with an attorney; and (iv) fully understands all of terms and conditions of the Agreement, and voluntarily and knowingly assents to all such terms and conditions.

 

		
	
EXECUTIVE:

Ross Goldstein

 

_/s/ Ross Goldstein___________________

 

Date: September 28, 2021
	
COMPANY:

BurgerFi International, Inc.

By:__/s/ Julio Ramirez_______________________

      Julio Ramirez, Chief Executive Officer  

 

Date: September 28, 2021

 

 

Executive’s Initials _/s/ RG___BurgerFi’s Initials _/s/ JR___

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00334-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00334-of-00352.parquet"}]]