Document:

Letter agreement amendment to the Shared Services Agreement

 Exhibit 10(a) 
 [WENDY’S LOGO LETTERHEAD] 
  

			
	 Jonathan F. Catherwood
 Executive Vice President and
 Treasurer
	  	One Dave Thomas Boulevard P.O. Box 256
 Dublin, OH 43017
 614-764-3435
 fax:
614-764-3243
 jonathan_catherwood@wendys.com

 June 29, 2007 
 Via Fax (905-845-1458) and Federal Express 
 Ms. Cynthia J. Devine 
     Executive Vice President and Chief Financial Officer 
 The TDL Group Corp./Tim Hortons Inc. 
 874 Sinclair Road 
 Oakville, Ontario L6K 2Y1 Canada 
 Dear Cynthia: 
 Re:        Agreement to Continue to Provide Certain IT Services 
 Wendy’s International, Inc. (“Wendy’s”) and Tim Hortons Inc. (“Tims”) entered into a Shared Services Agreement dated as of March 29, 2006, pursuant to which Wendy’s agreed to provide certain
information technology services for Tims after September 29, 2006. These services are performed for various subsidiaries of Tims, including The TDL Group Corp., a major Canadian subsidiary of Tims (“TDL”). Pursuant to
Section 5.02(e) of that Agreement, by letter dated December 27, 2006, Wendy’s notified you that effective as of the dates specified below, Wendy’s intended to terminate all such information technology services. 
  

					
	 Vendor
	 	 General Description of IT Services
	 	 Termination
Date

			
	 PeopleSoft
	 	Various database program modules	 	12-28-2007
			
	 Extensity, Inc. (f/k/a Geac Enterprise Solutions, Inc.)
	 	Fixed asset tracking system	 	12-28-2007
			
	 Mobius
	 	Viewer for PeopleSoft and GEAC systems	 	12-28-2007
			
	 Hyperion Solutions Corporation
	 	Essbase	 	02-01-2007
			
	 Any other IT program support
	 		 	12-28-2007

 After Tims received the notice of termination, representatives of Tims requested a meeting to
discuss whether, and under what circumstances, Wendy’s would be willing to continue to provide information technology services to TDL and other subsidiaries of Tims, with respect to the PeopleSoft, Extensity and Mobius products, including
assessment of systems required by Section 404 of the Sarbanes-Oxley Act of 2002 and related rules and interpretations (such services provided from the date of this letter until such services are no longer provided are hereinafter the
“Continued IT Services”). During that meeting, Tims representatives informed Wendy’s that its subsidiaries intended to use their best efforts to convert their systems so that further Continued IT Services by Wendy’s would not be
required as of the termination date specified in the termination letter. Subsequent to that meeting, Tims informed Wendy’s that Tims believed that its subsidiaries could not convert and test their systems before at least October, 2007. However,
Tims also asked Wendy’s to agree to continue to provide the Continued IT Services up to March 31, 2008 in the event that Tims’ subsidiaries were unable to convert and adequately test their systems by the termination date. This letter
sets forth the terms under which Wendy’s would be willing to continue to provide the Continued IT Services. Unless otherwise stated, capitalized terms defined in the Shared Services Agreement are used herein as so defined. 

 1. By execution hereof, the parties hereby acknowledge and agree that the aforesaid Shared Services
Agreement shall remain in full force and effect with respect to the Continued IT Services, except as modified by this agreement. 
 2. Tims
agrees that its subsidiaries shall use their best efforts to convert their systems so that further Continued IT Services by Wendy’s would not be required after the termination date specified in the termination letter. Although Tims’
subsidiaries intend to use their best efforts to convert their systems so that further Continued IT Services by Wendy’s would not be required after the termination date specified in the termination letter, Wendy’s agrees that if Tims
reasonably believes its subsidiaries’ systems, even if converted by such termination date, may not satisfy internal control requirements, or if Tims’ subsidiaries have not had sufficient time to test their systems for year-end 2007
compliance, then Wendy’s will provide the Continued IT Services notwithstanding the conversion of Tims’ subsidiaries’ systems by the termination date. Tims will provide written monthly updates on its subsidiaries’ efforts to
Wendy’s so that Wendy’s can plan its staffing and schedule Continued IT Services with third parties appropriately. Tims will also provide Wendy’s with specific written notice of all work requested of Wendy’s or third parties
under Wendy’s direction in connection with assessment of systems required by Section 404 of the Sarbanes-Oxley Act of 2002 and related rules and interpretations by no later than July 1, 2007, or such later date to which Wendy’s
may agree in its sole discretion. Wendy’s shall not be required under this agreement to provide any Continued IT Services in connection with assessment of systems required by Section 404 of the Sarbanes-Oxley Act of 2002 and related rules
and interpretations not specified in writing by Tims by such date, unless such services are reasonably related to other services requested by Tims and such services are agreed to by Wendy’s in its discretion, or to provide any requested
Continued IT Services in connection with assessment of systems required by Section 404 of the Sarbanes-Oxley Act of 2002 and related rules and interpretations where Wendy’s believes the provision of such services would not be feasible to
perform. In no event shall Wendy’s personnel be required to provide written or oral representations to Tims in connection with Tims’ Sarbanes-Oxley Act Section 302, 404 or 906 certification process related to the Continued IT
Services. 
 3. Wendy’s agrees to notify Tims in writing in the event that Wendy’s concludes that it has one or more significant
deficiencies or material weaknesses in connection with its own information technology systems and processes that are reasonably likely to also apply to the control environment for the Continued IT Services within 10 business days after Wendy’s
identifies such deficiencies or weaknesses. 
 4. In the event that Tims’ subsidiaries are unable to convert their systems after using
their best efforts, subject to paragraph 2 above, so that further Continued IT Services by Wendy’s would not be required after the termination date specified in the termination letter, Tims shall provide Wendy’s with written notice within
10 business days of such determination, and Wendy’s hereby agrees to provide the Continued IT Services beyond the termination date specified on the termination letter, subject to the terms and conditions of the Shared Services Agreement, except
as otherwise set forth herein. 
 5. The monthly fee payable to Wendy’s by Tims for Continued IT Services provided by Wendy’s at
the same level as was provided prior to the Spin-Off Date is US $75,000. For Continued IT Services provided beyond the same level that were provided prior to the Spin-Off Date, Pass-Through Billing plus 10% shall apply to all fees and expenses
charged by third parties and Tims shall pay Wendy’s for Wendy’s internal costs at a rate reasonably estimated by Wendy’s to approximate actual internal costs. Such internal rate will be estimated by Wendy’s based on actual
internal resources used for Continued IT Services beyond the level provided prior to the Spin-Off Date. In the event that Wendy’s incurs fees and expenses from third parties and/or incurs internal costs in connection with the assessment of
systems required by Section 404 of the Sarbanes-Oxley Act of 2002 and related rules and interpretations, and such fees and expenses or internal work benefit Wendy’s as well as Tims, then notwithstanding the preceding two sentences Tims
shall only be responsible for one-half of such fees and expenses and internal costs. 
 6. Solely with respect to Wendy’s provision of
Continued IT Services as defined in this agreement, an additional paragraph is hereby added to Section 4.03(b) of the Shared Services Agreement to read as follows: 
  

	
	With respect to Continued IT Services provided by Wendy’s under the letter agreement dated June 29, 2007, Wendy’s shall not have any Liability to Tim Hortons or any other Person
under this Agreement for or in connection with any Continued IT Services rendered or to be rendered hereunder by Wendy’s, or for Wendy’s (or any of its representatives’) actions or inactions hereunder, except for Losses resulting from
Wendy’s (or its representatives’) willful misconduct; provided, however, that the foregoing shall not limit the remedies of a Party against a provider of any Service other than the other Party’s Indemnified
Persons.

 7. Solely with respect to Wendy’s provision of Continued IT Services as defined in this agreement,
an additional paragraph is hereby added to Section 4.04(a) of the Shared Services Agreement to read as follows: 
 With respect to
Continued IT Services provided by Wendy’s under the letter agreement dated June 29, 2007, subject to Section 4.03, Tim Hortons shall indemnify and hold harmless each Wendy’s Indemnified Person from and against any and all Losses
incurred by such Wendy’s Indemnified Person relating to, arising out of or in connection with Wendy’s Continued IT Services rendered or to be rendered by any Wendy’s Indemnified Person pursuant to this Agreement or any Wendy’s
Indemnified Person’s actions or inactions in connection with any such Wendy’s Continued IT Services, except to the extent resulting from such Wendy’s Indemnified Person’s willful misconduct. 
 8. Solely with respect to Wendy’s provision of Continued IT Services as defined in this agreement, an additional paragraph is hereby added to
Section 4.04(b) of the Shared Services Agreement to read as follows: 
  

	
	With respect to Continued IT Services provided by Wendy’s under the letter agreement dated June 29, 2007, subject to Section 4.03, Wendy’s shall indemnify and hold harmless
each Tim Hortons Indemnified Person from and against any and all Losses incurred by such Tim Hortons Indemnified Person to the extent relating to, arising out of or in connection with the willful misconduct of any Wendy’s Indemnified Person in
connection with the Wendy’s Continued IT Services rendered or to be rendered pursuant to this Agreement.

 Please indicate your acceptance of the foregoing terms by signing and returning this letter to my
attention. This offer to provide the Continued IT Services beyond the termination date specified in the termination letter will expire if not accepted in writing and communicated to my attention by 5:00 p.m. ET on June 29, 2007. 
  

	
	Sincerely,
	
	 /s/ Jonathan F. Catherwood

	 Jonathan F. Catherwood
 on behalf of Wendy’s
International, Inc.

  

	cc:	Kerrii B. Anderson 

 Leon M. McCorkle, Jr. 
 Brendan P. Foley, Jr. 
 Robert M. Whittington

 Everett E. Gallagher, Jr. 
 Dana Klein 
  

			
	 Accepted and agreed:
	 	
		
	 THE TDL GROUP CORP.
	 	 TIM HORTONS INC.

		
	 By: /s/ Cynthia J. Devine
	 	 By: /s/ Cynthia J. Devine

		
	 Name: Cynthia J. Devine
	 	 Name: Cynthia J. Devine

	 Title: Executive Vice President and Chief Financial Officer
	 	 Title: Executive Vice President and Chief Financial Officer

	 Date: June 29, 2007
	 	 Date: June 29, 2007Amendment of Restricted Stock Unit Award Agreement - Canadian Employees

 Exhibit 10(b) 
 AMENDMENT OF RESTRICTED STOCK 
 UNIT AWARD AGREEMENT 
 (with related Dividend Equivalent Rights) 
 (Canadian Version) 
 TIM HORTONS INC. 
 This Amendment, made effective as of May 1, 2007, is between Tim Horton Inc., a Delaware Corporation (the “Company”),
                    , a
                             (the “Employer”), and
                     (the “Grantee”) (collectively, the “Parties”). 
 WHEREAS effective as of August 1, 2006, the Parties entered into the Restricted Stock Unit Award Agreement (“Original RSU Agreement”),
which provides for the terms and conditions governing the “Award” (as defined in the Original RSU Agreement) of Restricted Stock Units (“RSUs”) made to the Grantee on August 1, 2006. 
 WHEREAS the Parties desire to amend the Original RSU Agreement in accordance with the terms set forth herein. 
 WHEREAS capitalized terms used in this Amendment but not otherwise defined herein shall have the meanings attributed to such terms in the Original RSU
Agreement. 
 NOW THEREFORE the Parties hereby agree that the forgoing recitals are incorporated herein by reference and as follows:

  

	1.	Section 1.2 of the Original RSU Agreement is hereby amended by: 

  

	 	(a)	deleting the following from the sixth and seventh lines: 

 “(provided that no fractional Restricted Stock Units shall be granted)”; and 
  

	 	(b)	inserting the following at the end of Section 1.2: 

 Fractional Restricted Stock Units may be generated upon the automatic settlement of Dividend Equivalent Rights into additional Restricted Stock Units and upon the vesting of a portion of a Restricted Stock Unit award (see Section 3).
These fractional Restricted Stock Units continue to accrue additional Dividend Equivalent Rights and accumulate until the fractional interest is of sufficient value to acquire an additional Restricted Stock Unit as a result of the settlement of
future Dividend Equivalent Rights, subject to adjustment upon the vesting of a portion of the underlying Restricted Stock Unit award (See Section 3). The Committee shall determine appropriate administration for the tracking and settlement of
Dividend Equivalent Rights, including with respect to fractional interests, and the Committee’s determination in this regard shall be final and binding upon all Parties. 
  

	2.	Section 3 of the Original RSU Agreement is hereby amended by: 

  

	 	(a)	deleting the following from the second and third lines: “(rounded down to the next whole Stock Unit, if necessary);” and 

  

	 	(b)	inserting the following at the end of Section 3: 

 Fractional Restricted Stock Units may be generated and/or adjusted upon the vesting of one-third of the Restricted Stock Units awarded under this Agreement. See Section 7 regarding settlement of fractional Restricted Stock Units.

	3.	Section 7 of the Original RSU Agreement is hereby amended by, at the end of the second paragraph of that Section, inserting: 

 Fractional Shares may be generated upon settlement of vested Restricted Stock Units. All parties understand, acknowledge and agree that fractional Shares
cannot be traded in the public markets, and therefore, any fractional Share owing to Grantee upon settlement and payment for a vested fractional Restricted Stock Unit, after taking into account the reduction to the number of Shares as required under
Section 10 of this Agreement, if applicable, will ultimately be paid and settled in cash when the Grantee sells shares through the Plan Administrator or transfers Shares out of the Plan Administrator’s system. The Committee shall determine
appropriate administration for the settling of vested Restricted Stock Units, including with respect to fractional interests, and the Committee’s determination in this regard shall be final and binding upon all Parties. As used herein,
“Plan Administrator” shall mean the party engaged by the Company to administratively track awards and accompanying Dividend Equivalent Rights granted under the Plan, as well as handle the process of vesting and settlement of such awards.

  

	4.	Section 10 of the Original RSU Agreement is hereby amended by inserting the following at the end of such Section 10: 

 Fractional Shares may be generated and/or adjusted upon the withholding of taxes in accordance with this Section 10, and the settlement of the
Restricted Stock Units into Shares will be adjusted by the amount of the withholding, including by the fractional Shares generated and/or adjusted upon the withholding transaction. Any fractional Shares will ultimately be paid or settled in cash in
accordance with Section 7 of this Agreement. Additional fractional Shares may continue to accrue and be added to existing fractional Shares upon future vesting and settlement of Restricted Stock Units (in accordance with the terms of this
Agreement) if vested Shares remain in the Plan Administrator’s system. 
  

	5.	Except as set forth in this Amendment, the Original RSU Agreement shall remain unmodified. By executing this Amendment, all Parties agree that the Original RSU Agreement shall
continue in full force and effect, in accordance with its terms, as amended hereby. 

 This AMENDMENT has been entered into to be effective on and as of the 1st day of May, 2007. 
  

			
	TIM HORTONS INC. (“Company”)
		
	 By:                                      
                     
	 	
		
	 Name:                                     
                 
	 	
		
	 Title:                                     
                    
	 	
		
	  
                                       
                            
	 	 (“Employer”)

		
	 By:                                      
                      
	 	
		
	 Name:                                     
                  
	 	
		
	 Title:                                     
                    
	 	
		
	 GRANTEE 
	 	
		
	                                      
                            	 	
		
	 Print Name:

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