Document:

clgl_ex107.htm

Exhibit 10.7

 

SUBSCRIPTION AGREEMENT

 

THIS SUBSCRIPTION AGREEMENT (this “Agreement”), is dated as of  February __, 2014, by and between CALIFORNIA GOLD CORP., a Nevada corporation (the “Company”), and the subscriber set forth on the signature page hereto (the “Subscriber”).

WHEREAS, the Company intends to acquire, through a share exchange (the “MVP Acquisition”), a patent portfolio referred to as the “Drive By Patents” and all of the intellectual property, patents, rights, and applications, records, reports, claims and causes of action otherwise owned, acquired or licensed to MVP Portfolio, LLC, which transaction shall close contemporaneously with the first closing on the Offering (defined below); and

 

WHEREAS, in connection with the MVP Acquisition, the Company intends to conduct an offering (the “Offering”) of a minimum of $2,500,000 principal amount (the “Minimum Offering”) up to a maximum of $3,500,000 principal amount at a purchase price of 100% (par) of its 10% Convertible Promissory Notes; and

WHEREAS, the Company and the Subscriber are executing and delivering this Agreement in reliance upon an exemption from securities registration afforded by the provisions of Section 4(2) and/or Regulation D (“Regulation D”) as promulgated by the United States Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “1933 Act”);

 

WHEREAS, in connection with the MVP Acquisition and the Offering, the parties desire that, upon the terms and subject to the conditions contained herein, the Company shall issue and sell to the Subscriber, as provided herein, and the Subscriber shall purchase for an aggregate purchase price of One Thousand Dollars ($1,000) (the “Purchase Price”) Ten Thousand (10,000) shares of the Company’s to be authorized Series D Preferred Stock, $0.001 par value, which shall have the rights and preferences as set forth in the Certificate of Designations of Preferences, Rights and Limitations of Series D Convertible Preferred Stock, in the form attached hereto as Exhibit A (the “Series D Preferred Stock” or the “Securities”); and

 

WHEREAS, the aggregate proceeds of the sale of the Securities shall be delivered by wire transfer of immediately available funds to the Company on or prior to the Closing Date.

 

NOW, THEREFORE, in consideration of the mutual covenants and other agreements contained in this Agreement the Company and the Subscriber hereby agree as follows:

 

1.           Closing Date.   The “Closing Date,” which date shall be no earlier than the date of the closing of both the MVP Acquisition and the Minimum Offering, shall be the date that the Purchase Price is transmitted by wire transfer or otherwise credited to or for the benefit of the Company. The consummation of the transactions contemplated herein shall take place at such location and at such time as shall be mutually agreed upon by the Company and the Subscriber, upon the satisfaction or waiver of all conditions to closing set forth in this Agreement.  Subject to the satisfaction or waiver of the terms and conditions of this Agreement, on the Closing Date, Subscriber shall purchase and the Company shall sell to Subscriber the Securities as described in Section 2 of this Agreement.

  

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2.           Series D Preferred Stock. Subject to the satisfaction or waiver of the terms and conditions of this Agreement and the closing of the MVP Acquisition and the Minimum Offering, on the Closing Date, the Subscriber shall purchase and the Company shall sell to the Subscriber Ten Thousand (10,000) shares of to be authorized Series D Preferred Stock for an aggregate purchase price of One Thousand Dollars ($1,000.00).  The Securities shall be issued to the Subscriber promptly following the Company’s filing of an amendment to its Articles of Incorporation to increase the Company’s authorized “blank check” preferred stock.

                        3.           Subscriber Representations and Warranties.  The Subscriber hereby represents and warrants to and agrees with the Company that:

(a)          Authorization and Power.  Subscriber has the requisite power and authority to enter into and perform this Agreement and to purchase the Securities being sold to him hereunder.  The execution, delivery and performance of this Agreement by Subscriber and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary corporate action, and no further consent or authorization of Subscriber is required.  This Agreement has been duly authorized, executed and delivered by Subscriber and constitutes, or shall constitute when executed and delivered, a valid and binding obligation of Subscriber, enforceable against Subscriber in accordance with the terms hereof.

 

(b)           No Conflicts.  The execution, delivery and performance of this Agreement and the consummation by Subscriber of the transactions contemplated hereby or relating hereto do not and will not (i) conflict with nor constitute a default (or an event which with notice or lapse of time or both would become a default) under any agreement to which Subscriber is a party, nor (ii) result in a violation of any law, rule, or regulation, or any order, judgment or decree of any court or governmental agency applicable to Subscriber or his properties (except for such conflicts, defaults and violations as would not, individually or in the aggregate, have a material adverse effect on Subscriber).  Subscriber is not required to obtain any consent, authorization or order of, or make any filing or registration with, any court or governmental agency in order for it to execute, deliver or perform any of its obligations under this Agreement nor to purchase the Securities in accordance with the terms hereof, provided that for purposes of the representation made in this sentence, Subscriber is assuming and relying upon the accuracy of the relevant representations and agreements of the Company herein.

(c)           Information on Company.   Subscriber has been furnished with or has had access to such information and materials as have been requested by Subscriber.  In addition, Subscriber may have received in writing from the Company such other information concerning its operations, financial condition prospects and other matters as Subscriber has requested in writing, (such other information is collectively, the "Other Written Information"), and considered all factors Subscriber deems material in deciding on the advisability of investing in the Securities.

(d)           Information on Subscriber.   Subscriber is an "accredited investor", as such term is defined in Rule 501 of Regulation D promulgated by the Commission under the 1933 Act, is experienced in investments and business matters, has made investments of a speculative nature and has purchased securities of private companies in private placements in the past and, with its representatives, has such knowledge and experience in financial, tax and other business matters as to enable Subscriber to utilize the information made available by the Company to evaluate the merits and risks of and to make an informed investment decision with respect to the proposed purchase, which represents a speculative investment.  Subscriber has the authority and is duly and legally qualified to purchase and own the Securities.  Subscriber is able to bear the risk of such investment for an indefinite period and to afford a complete loss thereof.

  

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(e)           Purchase of Securities.  On the Closing Date, Subscriber will purchase its Securities as principal for its own account for investment only and not with a view toward, or for resale in connection with, the public sale or any distribution thereof.

(f)           Compliance with Securities Act.   Subscriber understands and agrees that the Securities have not been registered under the 1933 Act or any applicable state securities laws, by reason of their issuance in a transaction that does not require registration under the 1933 Act (based in part on the accuracy of the representations and warranties of the Subscriber contained herein), and that such Securities must be held indefinitely unless a subsequent disposition is registered under the 1933 Act or any applicable state securities laws or is exempt from such registration.

(g)           Legend.  The Common Stock shall bear the following or similar legend:

“NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS CONVERTIBLE HAS BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY STATE SECURITIES LAWS, AND NEITHER SUCH SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) A REGISTRATION STATEMENT WITH  RESPECT THERETO IS EFFECTIVE UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR (2) AN EXEMPTION FROM SUCH REGISTRATION EXISTS AND THE COMPANY RECEIVES AN OPINION OF COUNSEL TO THE HOLDER OF SUCH SECURITIES, WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO THE COMPANY, THAT SUCH SECURITIES MAY BE OFFERED, SOLD, PLEDGED, ASSIGNED OR TRANSFERRED IN THE MANNER CONTEMPLATED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR APPLICABLE STATE SECURITIES LAWS.”

 

 (h)           Communication of Offer.  The offer to sell the Securities was directly communicated to Subscriber by the Company.  At no time was Subscriber presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement, or any other form of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently with such communicated offer.

(i)           Restricted Securities.   Subscriber understands that the Securities have not been registered under the 1933 Act and Subscriber will not sell, offer to sell, assign, pledge, hypothecate or otherwise transfer any of the Securities unless pursuant to an effective registration statement under the 1933 Act, or unless an exemption from registration is available.  Notwithstanding anything to the contrary contained in this Agreement, Subscriber may transfer (without restriction and without the need for an opinion of counsel) the Securities to its Affiliates (as defined below) provided that each such Affiliate is an “accredited investor” under Regulation D and such Affiliate agrees to be bound by the terms and conditions of this Agreement. For the purposes of this Agreement, an “Affiliate” of any person or entity means any other person or entity directly or indirectly controlling, controlled by or under direct or indirect common control with such person or entity.  Affiliate includes each Parent or Subsidiary of the Company.  For purposes of this definition, “control” means the power to direct the management and policies of such person or firm, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise.

  

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(j)           No Governmental Review.  Subscriber understands that no United States federal or state agency or any other governmental or state agency has passed on or made recommendations or endorsement of the Securities or the suitability of the investment in the Securities nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

(k)           Correctness of Representations.  Subscriber represents that the foregoing representations and warranties are true and correct as of the date hereof and, unless Subscriber otherwise notifies the Company in writing prior to the Closing Date, shall be true and correct as of the Closing Date.

(l)           Survival.  The foregoing representations and warranties shall survive the Closing Date.

 

4.           Company Representations and Warranties.  The Company represents and warrants to the Subscriber that:

 

(a)           Due Incorporation.  The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has the requisite corporate power to own its properties and to carry on its business as presently conducted.  The Company is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which the failure to so qualify would not have a Material Adverse Effect.  For purposes of this Agreement, a “Material Adverse Effect” shall mean a material adverse effect on the financial condition, results of operations, prospects, properties or business of the Company and its Subsidiaries taken as a whole.  For purposes of this Agreement, “Subsidiary” means, with respect to any entity at any date, any corporation, limited or general partnership, limited liability company, trust, estate, association, joint venture or other business entity of which more than 30% of (i) the outstanding capital stock having (in the absence of contingencies) ordinary voting power to elect a majority of the board of directors or other managing body of such entity, (ii) in the case of a partnership or limited liability company, the interest in the capital or profits of such partnership or limited liability company or (iii) in the case of a trust, estate, association, joint venture or other entity, the beneficial interest in such trust, estate, association or other entity business is, at the time of determination, owned or controlled directly or indirectly through one or more intermediaries, by such entity.

 

(b)           Outstanding Stock.  All issued and outstanding shares of capital stock and equity interests in the Company have been duly authorized and validly issued and are fully paid and non-assessable.

 

  

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(c)           Authority; Enforceability.  This Agreement, the issuance of the Securities and any other agreements delivered together with this Agreement or in connection herewith have been duly authorized, executed and delivered by the Company and are valid and binding agreements of the Company enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors' rights generally and to general principles of equity.  The Company has full corporate power and authority necessary to enter into and deliver this Agreement and to perform its obligations thereunder.

 

(d)           Consents.  No consent, approval, authorization or order of any court, governmental agency or body or arbitrator having jurisdiction over the Company, or any of its Affiliates, the OTC Markets, Inc. QB Tier or the Company's shareholders is required for the execution by the Company of this Agreement and compliance and performance by the Company of its obligations hereunder, including, without limitation, the issuance and sale of the Securities.  The Company’s performance of its obligations hereunder have been unanimously approved by the Company’s Board of Directors.  No consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any governmental authority in the world, including without limitation, the United States, or elsewhere is required by the Company or any Affiliate of the Company in connection with the consummation of the transactions contemplated by this Agreement, except as would not otherwise have a Material Adverse Effect or the consummation of any of the other agreements, covenants or commitments of the Company or any Subsidiary contemplated hereby. Any such qualifications and filings will, in the case of qualifications, be effective on the Closing Date and will, in the case of filings, be made within the time prescribed by law.

 

(f)           No Violation or Conflict.  Assuming the representations and warranties of the Subscriber in Section 4 are true and correct, neither the issuance and sale of the Securities nor the performance of the Company’s obligations under this Agreement and all other agreements entered into by the Company relating thereto by the Company will:

 

(i)           violate, conflict with, result in a breach of, or constitute a default (or an event which with the giving of notice or the lapse of time or both would be reasonably likely to constitute a default) under (A) the certificate of incorporation, charter or bylaws of the Company, (B) to the Company's knowledge, any decree, judgment, order, law, treaty, rule, regulation or determination applicable to the Company of any court, governmental agency or body, or arbitrator having jurisdiction over the Company or over the properties or assets of the Company or any of its Affiliates, (C) the terms of any bond, debenture, note or any other evidence of indebtedness, or any agreement, stock option or other similar plan, indenture, lease, mortgage, deed of trust or other instrument to which the Company or any of its Affiliates is a party, by which the Company or any of its Affiliates is bound, or to which any of the properties of the Company or any of its Affiliates is subject, or (D) the terms of any "lock-up" or similar provision of any underwriting or similar agreement to which the Company, or any of its Affiliates, is a party except the violation, conflict, breach, or default of which would not have a Material Adverse Effect; or

 

(ii)           result in the creation or imposition of any lien, charge or encumbrance upon the Securities or any of the assets of the Company or any of its Affiliates except in favor of Subscriber as described herein.

 

 (g)           The Securities.  The Securities upon issuance:

 

  

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(i)           are, or will be, free and clear of any security interests, liens, claims or other encumbrances, subject only to restrictions upon transfer under the 1933 Act and any applicable state securities laws;

(ii)           have been, or will be, duly and validly authorized and issued, fully paid and non-assessable; and

 

(iii)           will not have been issued or sold in violation of any preemptive or other similar rights of the holders of any securities of the Company or rights to acquire securities of the Company.

 

 (i)           Correctness of Representations.  The Company represents that the foregoing representations and warranties are true and correct as of the date hereof in all material respects, and, unless the Company otherwise notifies the Subscriber prior to the Closing Date, shall be true and correct in all material respects as of the Closing Date; provided, that, if such representation or warranty is made as of a different date, in which case such representation or warranty shall be true as of such date.

 

(j)           Survival.  The foregoing representations and warranties shall survive the Closing Date.

 

5.           Covenants.  The Company hereby undertakes to use its best efforts to take all steps necessary to increase its authorized capital to include a sufficient number of shares of its “blank check” preferred stock, $0.001 par value per share, to enable the designation and issuance of the Series D Preferred Stock.

 

6.           Miscellaneous.

 

(a)           Notices.  All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most recently by written notice.  Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be: (i) if to the Company, to: California Gold Corp., 10752 Deerwood Park Blvd, S Waterview II, Suite 100, Jacksonville, FL 32256, Attn: Chief Executive Officer, with a copy to:  Gottbetter & Partners, LLP, 488 Madison Avenue, 12th Floor, New York, NY 10022 (212) 400-6901 (facsimile), Attn: Adam Gottbetter, Esq. and (ii) if to the Subscriber, to the addresses and fax number indicated on the signature page hereto.

 

  

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 (b)           Entire Agreement; Assignment.  This Agreement and other documents delivered in connection herewith represent the entire agreement between the parties hereto with respect to the subject matter hereof and may be amended only by a writing executed by both parties.  Neither the Company nor the Subscriber has relied on any representations not contained or referred to in this Agreement and the documents delivered herewith.  No right or obligation of the Company shall be assigned without prior notice to and the written consent of the Subscriber.

 

(c)           Counterparts/Execution.  This Agreement may be executed in any number of counterparts and by the different signatories hereto on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument.  This Agreement may be executed by facsimile signature and delivered by electronic transmission.

 

(d)           Law Governing this Agreement.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state and county of New York.  The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens.  The parties executing this Agreement and other agreements referred to herein or delivered in connection herewith on behalf of the Company agree to submit to the in personam jurisdiction of such courts and hereby irrevocably waive trial by jury.  The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs.  Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this Agreement by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof.  Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

(e)           Specific Enforcement.  The Company and Subscriber acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached.  It is accordingly agreed that the parties shall be entitled to seek an injunction or injunctions to prevent or cure breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof, this being in addition to any other remedy to which any of them may be entitled by law or equity.

 

(f)           Amendments, Consent, Release and Waiver.  Any amendment, release, consent or waiver of this Agreement must be signed in writing by the Company and the Subscriber.

 

  

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(g)           Severability.  In the event that any term or provision of this Agreement shall be finally determined to be superseded, invalid, illegal or otherwise unenforceable pursuant to applicable law by an authority having jurisdiction and venue, that determination shall not impair or otherwise affect the validity, legality or enforceability: (i) by or before that authority of the remaining terms and provisions of this Agreement, which shall be enforced as if the unenforceable term or provision were deleted, or (ii) by or before any other authority of any of the terms and provisions of this Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

 

 

  

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SIGNATURE PAGE TO SUBSCRIPTION AGREEMENT

 

Please acknowledge your acceptance of the foregoing Subscription Agreement by signing and returning a copy to the undersigned whereupon it shall become a binding agreement between us.

 

 

	 	 
CALIFORNIA GOLD CORP.

	 
	 	a Nevada corporation	 
	 	 	 	 
	
 

	
By: 

	/s/ 	 
	 	 	Name 	 
	 	 	Title 	 
	 	Dated:  February __, 2014	 
	 	 	 	 

	 	 
SUBSCRIBER:

	 
	 	 	 	 
	
 

	
By: 

	/s/ 	 
	 	 	 	 
	 	 
Dated:  February __, 2014

	 
	 	 	 	 

 

 

9Exh101

Exhibit 10.1

AMENDMENT NO. 5 TO THE CREDIT AGREEMENT 

AMENDMENT NO. 5, dated as of February 7, 2014, to the Credit Agreement, dated as of November 23, 2010, as amended on February 18, 2011, May 24, 2011, August 9, 2012 and February 14, 2013 (as further amended, supplemented, amended and restated or otherwise modified from time to time) (the “Credit Agreement”) among DUNKIN’ BRANDS, INC., a Delaware corporation (the “Borrower”), DUNKIN’ BRANDS HOLDINGS, INC., a Delaware corporation (“Holdings”), each lender from time to time party thereto (collectively, the “Lenders” and individually, a “Lender”), BARCLAYS BANK PLC, as Administrative Agent (in such capacity, the “Administrative Agent”), Swing Line Lender (in such capacity, the “Swing Line Lender”), L/C Issuer (in such capacity, the “L/C Issuer”) and Collateral Agent (in such capacity, the “Collateral Agent”) and the other Agents named therein (this “Amendment”).  Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.
WHEREAS, Section 10.01 of the Credit Agreement permits amendment of the Credit Agreement with the consent of the Borrower and the Required Lenders; 
WHEREAS, Section 2.14 of the Credit Agreement permits the Borrower by written notice to establish New Term Commitments;
WHEREAS, the Borrower has requested New Term Loans pursuant to Section 2.14 of the Credit Agreement and desires (i) to create a new Class of Term B-4 Loans under the Credit Agreement having identical terms with, having the same rights and obligations under the Loan Documents as the Term B-3 Loans and in an aggregate principal amount not to exceed $1,378,919,345.15 and (ii) to create a new Class of Term C Loans under the Credit Agreement having identical terms with, having the same rights and obligations under the Loan Documents as the Term B-3 Loans and in an aggregate principal amount not to exceed $450,000,000, in each case, as set forth in the Credit Agreement and Loan Documents, except as such terms are amended hereby;
WHEREAS, each Term B-3 Lender that executes and delivers a consent to this Amendment substantially in the form of Exhibit A hereto (a “Consent”) and checks (i) the first box under the “Cashless Settlement Option” heading on such Consent,  will continue as a Lender under the Credit Agreement as amended by this Amendment and shall be deemed, upon effectiveness of this Amendment, to have exchanged all (or such lesser amount allocated to it by the Amendment No. 5 Arrangers) of its Term B-3 Loans for Term B-4 Loans, and such Lender shall thereafter become a Term B-4 Lender, (ii) the second box under the “Cashless Settlement Option” heading on such Consent,  will continue as a Lender under the Credit Agreement as amended by this Amendment and shall be deemed, upon effectiveness of this Amendment, to have exchanged all (or such lesser amount allocated to it by the Amendment No. 5 Arrangers) of its Term B-3 Loans for Term C Loans, and such Lender shall thereafter become a Term C Lender, (iii) the first box under the “Post-Closing Settlement Option” heading on such Consent, will have 100% of the outstanding principal amount of the Term B-3 Loans held by such Lender prepaid on the Amendment No. 5 Effective Date and to purchase by assignment the principal amount of Term B-4 Loans committed to separately by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 5 Arrangers), (iv) the second box under the “Post-Closing Settlement Option” heading on such Consent, will have 100% of the outstanding principal amount of the Term B-3 Loans held by such Lender prepaid on the Amendment No. 5 Effective Date and to purchase by assignment the principal amount of Term C Loans committed to separately by such Lender (or such lesser amount allocated to such 

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Lender by the Amendment No. 5 Arrangers) or (v) the box under the “Consent Only” heading on such Consent, will have 100% of the outstanding principal amount of the Term B-3 Loans held by such Lender prepaid on the Amendment No. 5 Effective Date.
WHEREAS, each Person that executes and delivers a joinder to this Amendment substantially in the form of Exhibit B-1 (a “Term B-4 Joinder”) as an Additional Term B-4 Lender will make Term B-4 Loans in the amount set forth on the signature page of such Person’s Term B-4 Joinder on the effective date of this Amendment to the Borrower, the proceeds of which will be used by the Borrower to repay the outstanding principal amount of Non-Exchanged Term B-3 Loans (as defined herein);
WHEREAS, each Person that executes and delivers a joinder to this Amendment substantially in the form of Exhibit B-2 (a “Term C Joinder”) as an Additional Term C Lender will make Term C Loans in the amount set forth on the signature page of such Person’s Term C Joinder on the effective date of this Amendment to the Borrower, the proceeds of which will be used by the Borrower to repay the outstanding principal amount of Non-Exchanged Term B-3 Loans;
WHEREAS, the Borrower shall pay to each Term B-3 Lender immediately prior to the effectiveness of this Amendment all accrued and unpaid interest on its Term B-3 Loans to, but not including, the date of effectiveness of this Amendment;
WHEREAS, pursuant to Section 10.01(c) of the Credit Agreement, the Loan Parties desire to amend the Credit Agreement to decrease the rate of interest applicable to, and extend the maturity date of, the Revolving Facility Loans and each Revolving Facility Lender directly affected thereby has delivered a Consent hereto;
WHEREAS, the Loan Parties and Required Lenders wish to make certain other amendments set forth in Section 1 below pursuant to amendments authorized by Section 10.01 of the Credit Agreement; 
WHEREAS, J.P. Morgan Securities LLC, Barclays Bank PLC and Goldman Sachs Lending Partners LLC (the “Amendment No. 5 Arrangers”) are acting as joint lead arrangers of this Amendment;
NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:
Section 1.    Amendments Relating to Term B-4 Loans, Term C Loans and Revolving Facility Commitments.
Effective as of the Amendment No. 5 Effective Date, the Credit Agreement is hereby amended as follows:
(a)    The following defined terms shall be added to Section 1.01 of the Credit Agreement in alphabetical order:
“Additional Term B-4 Commitment” means, with respect to an Additional Term B-4 Lender, the commitment of such Additional Term B-4 Lender to make an Additional Term B-4 Loan on the Amendment No. 5 Effective Date, in the amount set forth on the joinder agreement of such Additional Term B-4 Lender to Amendment No. 5.  The aggregate amount of the 

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Additional Term B-4 Commitments of all Additional Term B-4 Lenders shall equal $499,971,475.88.
“Additional Term B-4 Lender” means a Person with an Additional Term B-4 Commitment to make Additional Term B-4 Loans to the Borrower on the Amendment No. 5 Effective Date, which for the avoidance of doubt may be an existing Term B-3 Lender.
“Additional Term B-4 Loan” means a Term B-4 Loan that is made pursuant to Section 2.01(c)(ii) of the Credit Agreement on the Amendment No. 5 Effective Date. 
“Additional Term C Commitment” means, with respect to an Additional Term C Lender, the commitment of such Additional Term C Lender to make an Additional Term C Loan on the Amendment No. 5 Effective Date, in the amount set forth on the joinder agreement of such Additional Term C Lender to Amendment No. 5.  The aggregate amount of the Additional Term C Commitments of all Additional Term C Lenders shall equal $341,271,157.82.
“Additional Term C Lender” means a Person with an Additional Term C Commitment to make Additional Term C Loans to the Borrower on the Amendment No. 5 Effective Date, which for the avoidance of doubt may be an existing Term B-3 Lender.
“Additional Term C Loan” means a Term C Loan that is made pursuant to Section 2.01(c)(ii) of the Credit Agreement on the Amendment No. 5 Effective Date. 
“Amendment No. 5” means Amendment No. 5 to this Agreement dated as of February 7, 2014.
“Amendment No. 5 Arrangers” means J.P. Morgan Securities LLC, Barclays Bank PLC and Goldman Sachs Lending Partners LLC.
“Amendment No. 5 Effective Date” has the meaning given to such term in Section 3 of Amendment No. 5.
“Exchanged Term B-3 Loans” means each Term B-3 Loan (or portion thereof) as to which the Lender thereof has consented to exchange into a Term B-4 Loan or a Term C Loan, and the Amendment No. 5 Arrangers have allocated into a Term B-4 Loan or Term C Loan, as applicable.
“Non-Exchanged Term B-3 Loan” means each Term B-3 Loan (or portion thereof) other than an Exchanged Term B-3 Loan.
“Term B-4 Commitment” means, with respect to a Term B-3 Lender, the agreement of such Term B-3 Lender to exchange the entire principal amount of its Term B-3 Loans (or such lesser amount allocated to it by the Amendment No. 5 Arrangers) for an equal principal amount of Term B-4 Loans on the Amendment No. 5 Effective Date. 
“Term B-4 Loan” means an Additional Term B-4 Loan or a Loan that is deemed made pursuant to Section 2.01(c)(i).
 “Term C Commitment” means, with respect to a Term B-3 Lender, the agreement of such Term B-3 Lender to exchange the entire principal amount of its Term B-3 Loans (or such 

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lesser amount allocated to it by the Amendment No. 5 Arrangers) for an equal principal amount of Term C Loans on the Amendment No. 5 Effective Date.
“Term C Loan” means an Additional Term C Loan or a Loan that is deemed made pursuant to Section 2.01(c)(i).
(b)    The definitions of “Term B-3 Commitment” and “Term B-3 Loan” in Section 1.01 of the Credit Agreement shall be deleted in their entirety.
(c)    The definition of “Applicable Rate” in Section 1.01 of the Credit Agreement is hereby amended by deleting such definition and replacing it with the following:
““Applicable Rate” means a percentage per annum equal to 
(a)    (1) with respect to the Term B-4 Loans (i) for Eurodollar Rate Loans, 2.50% and (ii) for Base Rate Loans, 1.50%, and (2) with respect to the Term C Loans (i) for Eurodollar Rate Loans, 2.50% and (ii) for Base Rate Loans, 1.50%; 
(b)    with respect to the Revolving Credit Loans (i) for Eurodollar Rate Loans, 2.25%  and (ii) for Base Rate Loans, 1.25%;
(c)    with respect to Letter of Credit Fees, 2.25%; and
(d)    with respect to unused Revolving Credit Commitments and the Revolving Credit Commitment Fees, 0.50%.”
(d)    The definition of “Base Rate” in Section 1.01 of the Credit Agreement is hereby amended by deleting the proviso of the first sentence and replacing it with the following:
“; provided that in no event shall the Base Rate be less than, in the case of the Term B-4 Loans, 1.75%”.
(e)    The definition of “Class” in Section 1.01 of the Credit Agreement is hereby amended by replacing all references to “Term B-3 Lenders”, “Term B-3 Commitments” and “Term B-3 Loans” therein with “Term B-4 Lenders, Term C Lenders”, “Term B-4 Commitments, Term C Commitments” and “Term B-4 Loans or Term C Loans”, respectively. 
(f)    The definition of “Eurodollar Rate” in Section 1.01 of the Credit Agreement is hereby amended by deleting the proviso at the end of such definition and replacing it with the following:
“; provided that in no event shall the Eurodollar Rate be less than, in the case of Term B-4 Loans, 0.75%”.
(g)    The definition of “Interest Period” in Section 1.01 of the Credit Agreement is hereby amended by deleting “nine or” in the first sentence before the proviso of such definition. 
(h)    The definition of “Maturity Date” in Section 1.01 of the Credit Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following:

-4-

““Maturity Date” means (a) with respect to the Revolving Credit Facility, the date that is five (5) years after the Amendment No. 5 Effective Date, (b) with respect to the Term B-4 Loan Facility, the date that is seven (7) years after the Amendment No. 5 Effective Date and (c) with respect to the Term C Loan Facility, September 30, 2017; provided that the reference to Maturity Date with respect to Other Term Loans and Other Revolving Credit Loans shall be the final maturity date as specified in the applicable Refinancing Amendment, and with respect to Extended Term Loans and Extended Revolving Credit Commitments shall be the final maturity date as specified in the applicable Extension Offer.” 
(i)    The definition of “Term Commitment” in Section 1.01 of the Credit Agreement is hereby amended by replacing the reference to “Term B-3 Commitment” therein with “Term B-4 Commitment, Term C Commitment”.
(j)    The definition of “Term Loan Facility” in Section 1.01 of the Credit Agreement is hereby amended by replacing the reference to “Term B-3 Loan Facility” therein with “Term B-4 Loan Facility, Term C Loan Facility”.
(k)    The definition of “Term Loans” in Section 1.01 of the Credit Agreement is hereby amended by replacing the reference to “Term B-3 Loans” therein with “Term B-4 Loans, Term C Loans”.
(l)     Section 2.01 of the Credit Agreement is hereby amended by deleting clause (c) of such Section in its entirety and replacing it with the following:
“(c)    (i)  Subject to the terms and conditions hereof and of Amendment No. 5, each Term B-3 Lender severally agrees to exchange its Exchanged Term B-3 Loans for a like principal amount of Term B-4 Loans and/or Term C Loans, as applicable, on the Amendment No. 5 Effective Date.  
(ii)  Subject to the terms and conditions hereof and of Amendment No. 5, on the Amendment No. 5 Effective Date (1) each Additional Term B-4 Lender severally agrees to make an Additional Term B-4 Loan to the Borrower in the principal amount equal to its Additional Term B-4 Commitment on the Amendment No. 5 Effective Date, and (2) each Additional Term C Lender severally agrees to make an Additional Term C Loan to the Borrower in the principal amount equal to its Additional Term C Commitment on the Amendment No. 5 Effective Date.  The Borrower shall prepay the Non-Exchanged Term B-3 Loans with a like amount of the gross proceeds of the Additional Term B-4 Loans and Additional Term C Loans, concurrently with the receipt thereof.
(iii)  The Borrower shall pay to the Term B-3 Lenders immediately prior to the effectiveness of Amendment No. 5 all accrued and unpaid interest on the Term Loans to, but not including, the Amendment No. 5 Effective Date on such Amendment No. 5 Effective Date. 
(iv)  The Term B-4 Loans shall have the same terms as the Term B-3 Loans as set forth in the Credit Agreement and Loan Documents before giving effect to Amendment No. 5, except as modified by Amendment No. 5; it being understood that the Term B-4 Loans (and all principal, interest and other amounts in respect thereof) will constitute “Obligations” under the Credit Agreement and the other Loan Documents and shall have the same rights and obligations under the Credit Agreement and Loan Documents as the Term B-3 Loans prior to the Amendment No. 5 Effective Date.

-5-

(v)  The Term C Loans shall have the same terms as the Term B-3 Loans as set forth in the Credit Agreement and Loan Documents before giving effect to Amendment No. 5, except as modified by Amendment No. 5; it being understood that the Term C Loans (and all principal, interest and other amounts in respect thereof) will constitute “Obligations” under the Credit Agreement and the other Loan Documents and shall have the same rights and obligations under the Credit Agreement and Loan Documents as the Term C Loans prior to the Amendment No. 5 Effective Date.”
(m)    Section 2.05(a)(i) of the Credit Agreement is hereby amended by deleting the sixth sentence in its entirety and replacing it with the following:
“Each prepayment of the Loans pursuant to this Section 2.05(a) shall be applied among the Classes and Facilities in such amounts as the Borrower may direct in its sole discretion and, in the case of any Term Loan Facility, in direct order of maturity or as otherwise directed by the Borrower.”
(n)    Section 2.05(a) of the Credit Agreement is hereby amended by deleting subclause (iv) thereof in its entirety and replacing it with the following:
“(iv)     At the time of the effectiveness of any Repricing Transaction that (x) makes any prepayment of the Term Loans in connection with any Repricing Transaction, or (y) effects any amendment of this Agreement resulting in a Repricing Transaction and is consummated prior to the date which is six months after the Amendment No. 5 Effective Date, the Borrower agrees to pay to the Administrative Agent, for the ratable account of each applicable Lender, a fee in an amount equal to, (I) in the case of clause (x), a prepayment premium of 1% of the amount of the Term Loans being prepaid and (II) in the case of clause (y), a payment equal to 1% of the aggregate amount of the applicable Term Loans outstanding immediately prior to such amendment.  Such fees shall be due and payable upon the date of the effectiveness of such Repricing Transaction.”
(o)    Section 2.05(b) of the Credit Agreement is hereby amended by replacing the reference to “Term B-3 Loans” in subclause (vi) of such Section and replacing it with “Term B-4 Loans and the Term C Loans.”
(p)    Section 2.06(b) of the Credit Agreement is hereby amended by adding the following at the end of such Section:
“(viii)    The Term B-4 Commitment of each Additional Term B-4 Lender shall be automatically terminated on the Amendment No. 5 Effective Date upon the borrowing of the Additional Term B-4 Loans on such date.
“(ix)    The Term C Commitment of each Additional Term C Lender shall be automatically terminated on the Amendment No. 5 Effective Date upon the borrowing of the Additional Term C Loans on such date.”
(q)    Section 2.07(a) of the Credit Agreement is hereby amended in its entirety and replacing it with the following:
“Term Loans.  (1) The Borrower shall, on the last Business Day of each month set forth below, repay to the Administrative Agent for the ratable account of the Term B-4 Lenders, the aggregate principal amount of all Term B-4 Loans set forth below 

-6-

(which installments shall be reduced as a result of (i) the application of prepayments in accordance with the order of priority set forth in Section 2.05 or (ii) the application of prepayments in accordance with Section 10.07(l)):
	
		
	Interest Payment Date
	Amortization Payment

	June 2015
	$3,447,298.36

	September 2015
	$3,447,298.36

	December 2015
	$3,447,298.36

	March 2016
	$3,447,298.36

	June 2016
	$3,447,298.36

	September 2016
	$3,447,298.36

	December 2016
	$3,447,298.36

	March 2017
	$3,447,298.36

	June 2017
	$3,447,298.36

	September 2017
	$3,447,298.36

	December 2017
	$3,447,298.36

	March 2018
	$3,447,298.36

	June 2018
	$3,447,298.36

	September 2018
	$3,447,298.36

	December 2018
	$3,447,298.36

	March 2019
	$3,447,298.36

	June 2019
	$3,447,298.36

	September 2019
	$3,447,298.36

	December 2019
	$3,447,298.36

	March 2020
	$3,447,298.36

	June 2020
	$3,447,298.36

	September 2020
	$3,447,298.36

	December 2020
	$3,447,298.36

(2)     The Borrower shall, on the last Business Day of each month set forth below, repay to the Administrative Agent for the ratable account of the Term C Lenders, the aggregate principal amount of all Term C Loans set forth below (which installments shall be reduced as a result of (i) the application of prepayments in accordance with the order of priority set forth in Section 2.05 or (ii) the application of prepayments in accordance with Section 10.07(l)):

-7-

	
		
	Interest Payment Date
	Amortization Payment

	June 2014
	$1,125,000

	September 2014
	$1,125,000

	December 2014
	$1,125,000

	March 2015
	$1,125,000

	June 2015
	$1,125,000

	September 2015
	$1,125,000

	December 2015
	$1,125,000

	March 2016
	$1,125,000

	June 2016
	$1,125,000

	September 2016
	$1,125,000

	December 2016
	$1,125,000

	March 2017
	$1,125,000

	June 2017
	$1,125,000

; provided that in clauses (1) and (2) above, the final principal repayment installment of the Term Loans of each Class shall be repaid on the Maturity Date of the applicable Term Loan Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans of such Class outstanding on such date.

(r)     Section 2.14 of the Credit Agreement is hereby amended by:
(i)     replacing all references to “Term B-3 Loan Facility” or “Term B-3 Loans” in such Section with “Term B-4 Loan Facility” or “Term B-4 Loans”, respectively;
(ii)     by deleting the words: “(excluding the aggregate amount of New Term B-2 Commitments provided pursuant to Amendment No. 3)” and replacing them with “(excluding the (i) aggregate amount of New Term B-2 Commitments provided pursuant to Amendment No. 3, (ii) the aggregate amount of the Term B-4 Loans and Term C Loans provided pursuant to Amendment No. 3 and (iii) the aggregate amount of New Term Commitments incurred after the Amendment No. 5 Effective Date the proceeds of which are used to repay the Term C Loans);”  
(iii)    by deleting clause (e)(i) and replacing it with the words “the Weighted Average Life to Maturity of all New Term Loans of any Class (except for the Term C Loans) shall be no shorter than the Weighted Average Life to Maturity of the Term B-4 Loans (except by virtue of amortization or prepayment of the Term B-4 Loans prior to the time of such incurrence);”  
(iv)    by deleting clause (e)(iv) and replacing it with the words “the Maturity Date of any Class of the New Term Loans (other than the Term C Loans) shall be no earlier than the maturity of the Term B-4 Loans”  
(s)    Section 3.04(a) of the Credit Agreement is hereby amended by deleting the last sentence of such clause and replacing it with the following:
“Notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, regulations, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines, requirements and 

-8-

directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall, in each case, are deemed to have been adopted and to have taken effect after the date hereof, regardless of the date enacted, adopted or issued.”
(t)     Section 3.04(b) of the Credit Agreement is hereby amended by adding “and liquidity” after each reference to “capital adequacy” in such clause.

(u)     Section 6.11 of the Credit Agreement is hereby amended by adding the following paragraph (h) to such Section:
“(h)    Use the proceeds of all Term B-4 Loans and Term C Loans to refinance the Term B-3 Loans.”
(v)    Section 7.06(l) of the Credit Agreement is hereby amended by deleting such clause in its entirety and replacing it with the following: 
“(l)    so long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, the Borrower may make Restricted Payments of up to an aggregate of $110,000,000 following the Amendment No. 5 Effective Date related to share repurchases and/or dividends by Parent.”

Section 2.    Representations and Warranties.  Each of Holdings and the Borrower represents and warrants to the Lenders as of the date hereof and the Amendment No. 5 Effective Date that:
(a)    Before and after giving effect to this Amendment, the representations and warranties of the Borrower and each other Loan Party contained in Article 5 of the Credit Agreement or any other Loan Document shall be true and correct in all material respects (and in all respects if qualified by materiality) on and as of the date of such Credit Extension, except (i) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (and in all respects if qualified by materiality) as of such earlier date and (ii) that for purposes of this Section 2, the representations and warranties contained in Section 5.05(a) of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished prior to the Amendment No. 5 Effective Date or pursuant to Section 6.01(a) and Section 6.01(b) of the Credit Agreement.
(b)    At the time of and after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing.
Section 3.    Conditions to Effectiveness.
(a)    The provisions of this Amendment shall become effective on the date (the “Amendment No. 5 Effective Date”) on which each of the following conditions are satisfied:
(i)    The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles or electronic copies (followed promptly by originals) unless otherwise specified:

-9-

(1)counterparts of this Amendment executed by a Responsible Officer of each Loan Party;
(1)    a Note executed by a Responsible Officer of the Borrower in favor of each Lender requesting a Note at least two (2) Business Days prior to the Amendment No. 5 Effective Date, if any;
(2)    an opinion of Ropes & Gray LLP, special counsel to the Borrower, dated the Amendment No. 5 Effective Date and addressed to each L/C Issuer, each Amendment No. 5 Arranger, the Administrative Agent and the Lenders, substantially in the form previously provided to the Administrative Agent; 
(3)    (A) a certificate as to the good standing of each Loan Party as of a recent date, from the Secretary of State of the state of its organization or a similar Governmental Authority and (B) a certificate of a Responsible Officer of each Loan Party dated the Amendment No. 5 Effective Date and certifying (I) to the effect that (w) attached thereto is a true and complete copy of the certificate or articles of incorporation or organization such Loan Party certified as of a recent date by the Secretary of State of the state of its organization, or in the alternative (other than in the case of the Borrower), certifying that such certificate or articles of incorporation or organization have not been amended since the Escrow Release Date, and that such certificate or articles are in full force and effect, (x) attached thereto is a true and complete copy of the by-laws or operating agreements of each Loan Party as in effect on the Amendment No. 5 Effective Date, or in the alternative (other than in the case of the Borrower), certifying that such by-laws or operating agreements have not been amended since the Escrow Release Date and (y) attached thereto is a true and complete copy of resolutions duly adopted by the board of directors, board of managers or member, as the case may be, of each Loan Party authorizing the execution, delivery and performance of the Loan Documents to which such Loan Party is a party, and that such resolutions have not been modified, rescinded or amended and are in full force and effect, and (II) as to the incumbency and specimen signature of each officer executing any Loan Document on behalf of any Loan Party and signed by another officer as to the incumbency and specimen signature of the Responsible Officer executing the certificate pursuant to this clause (B); and
(4)    a certificate signed by a Responsible Officer of the Borrower certifying as to the satisfaction of the conditions set forth in paragraphs (iv) and (v) of this Section 3(a) and that the Term B-4 Loans and Term C Loans meet the requirements and conditions of Section 2.14. 
 (ii)    The Borrower shall have paid to the Administrative Agent, for the ratable account of the Term B-3 Lenders immediately prior to the Amendment No. 5 Effective Date, all accrued and unpaid interest on the Term B-3 Loans to, but not including, the Amendment No. 5 Effective Date on the Amendment No. 5 Effective Date.
(iii)    The Borrower shall have paid to (1) the Amendment No. 5 Arrangers, the fees in the amounts previously agreed in writing to be paid on the Amendment No. 5 Effective Date, (2) the Amendment No. 5 Arrangers and the Administrative Agent, all costs and expenses (including, without limitation the fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for the Amendment No. 5 Arrangers and the Administrative Agent) of the Amendment No. 5 

-10-

Arrangers and the Administrative Agent, (3) the Administrative Agent for the ratable account of each Revolving Credit Lender party to the Credit Agreement on the Amendment No. 5 Effective Date, a consent fee of an amount equal to 0.20% of such Lender’s Revolving Credit Commitment on the Amendment No. 5 Effective Date, (4) the Administrative Agent for the ratable account of each Term B-4 Lender, an upfront fee of an amount equal to 0.25% of such Lender’s Term B-4 Loans on the Amendment No. 5 Effective Date and (5) the Administrative Agent for the ratable account of each Term C Lender, an upfront fee of an amount equal to 0.25% of such Lender’s Term C Loans on the Amendment No. 5 Effective Date. 
(iv)    No Default shall exist, or would result from this Amendment and related Credit Extension or from the application of the proceeds therefrom.
(v)    The representations and warranties of the Borrower and each other Loan Party contained in Article 5 of the Credit Agreement and Section 2 of this Amendment or any other Loan Document shall be true and correct in all material respects (and in all respects if qualified by materiality) on and as of the date hereof, except (A) to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (and in all respects if qualified by materiality) as of such earlier date and (B) that for purposes of this Section 3, the representations and warranties contained in Section 5.05(a) of the Credit Agreement shall be deemed to refer to the most recent financial statements furnished prior to the Amendment No. 5 Effective Date or pursuant to Section 6.01(a) and Section 6.01(b) of the Credit Agreement.
(vi)    To the extent requested by an Additional Term B-4 Lender or a Term C Lender in writing not less than three (3) Business Days prior to the Amendment No. 5 Effective Date, the Administrative Agent shall have received, prior to the effectiveness of this Amendment, all documentation and other information with respect to the Borrower required by regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including without limitation the PATRIOT Act.
(vii)    The Administrative Agent shall have received a Request for Credit Extension not later than 1:00 p.m. on the Business Day prior to the date of the proposed Credit Extension.
(b)    The Administrative Agent and the Amendment No. 5 Arrangers shall have received a Consent to this Amendment from each Revolving Credit Lender and the Required Lenders. 
(c)    The Administrative Agent and the Amendment No. 5 Arrangers shall have received the Term B-4 Joinder executed by one or more Additional Term B-4 Lenders and the Term C Joinder executed by one or more Additional Term C Lenders such that the aggregate principal amount of the Exchanged Term B-3 Loans plus the aggregate principal amount of the Additional Term B-4 Commitments plus the aggregate principal amount of the Additional Term C Commitments shall equal the aggregate principal amount of the outstanding Term B-3 Loans immediately prior to the effectiveness of this Amendment.
(d)    The Administrative Agent shall notify the Borrower and the Lenders of the Amendment No. 5 Effective Date and such notice shall be conclusive and binding.  Notwithstanding the foregoing, the amendments effected hereby shall not become effective, and the obligations of the Additional Term B-4 Lenders hereunder to make Additional Term B-4 Loans will automatically terminate, if each of the conditions set forth or referred to in Section 3(a) has not been satisfied at or prior to 5:00 p.m., New York City time, on February 14, 2014.

-11-

Section 4.    Waivers.
The Required Lenders and Administrative Agent agree that, solely in the case of a Borrowing of Term-4 Loans and Term C Loans, the Borrower may deliver a Request for Credit Extension for such Term Borrowing pursuant to Section 4.02 of the Credit Agreement not later than 1:00 p.m. on the Business Day prior to the date of the proposed Credit Extension (in lieu of three Business Days).  The Required Lenders and Administrative Agent waive the requirement for delivery of a Prepayment Notice pursuant to Section 2.05 of the Credit Agreement.  Each Term B-3 Lender that executes a Consent waives the payment of any breakage loss or expense under Section 3.05 of the Credit Agreement in connection with the exchange of Term B-3 Loans into Term B-4 Loans or Term C Loans, as applicable.  The parties hereto agree that the initial Interest Period for $900,000,000 of the Term B-4 Loans shall end on March 31, 2014.
Section 5.    Expenses.
The Borrower agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses incurred by them in connection with this Amendment, including the reasonable fees, charges and disbursements of Cahill Gordon & Reindel LLP, counsel for the Administrative Agent.
Section 6.    Counterparts.
This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile transmission or electronic transmission shall be effective as delivery of a manually executed counterpart hereof.
Section 7.    Governing Law and Waiver of Right to Trial by Jury.
THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.  The jurisdiction and waiver of right to trial by jury provisions in Section 10.16 and 10.17 of the Credit Agreement are incorporated herein by reference mutatis mutandis.  
Section 8.    Headings.
The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.
Section 9.    Reaffirmation.
Each Loan Party hereby expressly acknowledges the terms of this Amendment and reaffirms, as of the date hereof, (i) the covenants and agreements contained in each Loan Document to which it is a party, including, in each case, such covenants and agreements as in effect immediately after giving effect to this Amendment and the transactions contemplated hereby and (ii) its guarantee of the Obligations under the Guaranty, as applicable, and its grant of Liens on the Collateral to secure the Obligations pursuant to the Collateral Documents.
Section 10.    Effect of Amendment.

-12-

Except as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of or otherwise affect the rights and remedies of the Lenders or the Agents under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision of the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect.  

-13-

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.
DUNKIN’ BRANDS, INC.

By:        /s/ Paul Carbone         
    Name:    Paul Carbone 
    Title:    Chief Financial Officer
DUNKIN’ BRANDS HOLDINGS, INC.

By:        /s/ Paul Carbone         
    Name: Paul Carbone 
    Title:  Chief Financial Officer

BASKIN-ROBBINS FLAVORS LLC
BASKIN-ROBBINS FRANCHISED SHOPS LLC
BASKIN-ROBBINS FRANCHISING LLC
BASKIN-ROBBINS INTERNATIONAL LLC
BASKIN-ROBBINS LLC
BASKIN-ROBBINS USA LLC
BR IP HOLDER LLC
BR JAPAN HOLDINGS LLC
DB CANADIAN HOLDING COMPANY INC.
DB CANADIAN SUPPLIER INC.
DB FRANCHISING HOLDING COMPANY LLC
DB INTERNATIONAL FRANCHISING LLC
DB MASTER FINANCE LLC
DB MEXICAN FRANCHISING LLC
DB REAL ESTATE ASSETS I LLC
DB REAL ESTATE ASSETS II LLC
DB UK FRANCHISING LLC
DBI STORES LLC
DBI STORES TEXAS LLC
DD IP HOLDER LLC
DUNKIN' DONUTS FRANCHISED RESTAURANTS LLC
DUNKIN' DONUTS FRANCHISING LLC
DUNKIN' DONUTS LLC
DUNKIN' DONUTS REALTY INVESTMENT LLC
DUNKIN' DONUTS USA LLC
DUNKIN' VENTURES LLC
MISTER DONUT OF AMERICA LLC

S-1

THIRD DUNKIN’ DONUTS REALTY LLC

By:        /s/ Paul Carbone         
    Name: Paul Carbone 
    Title:  Chief Financial Officer 

S-2

BARCLAYS BANK PLC, 
as Administrative Agent, L/C Issuer and 
Swing Line Lender
By:        /s/ David Barton         
    Name:  David Barton 
    Title:  Director
  

S-3

EXHIBIT A-1

CONSENT TO AMENDMENT NO. 5
CONSENT TO AMENDMENT NO. 5 (this “Consent”) to Amendment No. 5 (“Amendment”) to that certain Credit Agreement, dated as of November 23, 2010, as amended on February 18, 2011, May 24, 2011, August 9, 2012 and February 14, 2013  (the “Credit Agreement”), by and among Dunkin’ Brands, Inc. (the “Borrower”), Dunkin’ Brands Holdings, Inc., Barclays Bank PLC, as Administrative Agent (the “Administrative Agent”), the Lenders from time to time party thereto and the other parties thereto. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Amendment.
Existing Term B-3 Lenders
Cashless Settlement Option
Term B-4 Loans: The undersigned Term B-3 Lender hereby irrevocably and unconditionally approves the Amendment and consents to continue as a Lender under the Credit Agreement as amended by the Amendment and convert 100% of the outstanding principal amount of the Term B-3 Loan held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 5 Arrangers) into a Term B-4 Loan in a like principal amount via a cashless rollover settlement.
Term C Loans: The undersigned Term B-3 Lender hereby irrevocably and unconditionally approves the Amendment and consents to continue as a Lender under the Credit Agreement as amended by the Amendment and convert 100% of the outstanding principal amount of the Term B-3 Loan held by such Lender (or such lesser amount allocated to such Lender by the Amendment No. 5 Arrangers) into a Term C Loan in a like principal amount via a cashless rollover settlement.
Post-Closing Settlement Option
Term B-4 Loans: The undersigned Term B-3 Lender hereby irrevocably and unconditionally approves the Amendment and consents to have 100% of the outstanding principal amount of the Term B-3 Loan held by such Term B-3 Lender prepaid on the Amendment No. 5 Effective Date and purchase by assignment the principal amount of Term B-4 Loans committed to separately by the undersigned (or such lesser amount allocated to such Lender by the Amendment No. 5 Arrangers).
Term C Loans: The undersigned Term B-3 Lender hereby irrevocably and unconditionally approves the Amendment and consents to have 100% of the outstanding principal amount of the Term B-3 Loan held by such Term B-3 Lender prepaid on the Amendment No. 5 Effective Date and purchase by assignment the principal amount of Term C Loans committed to separately by the undersigned (or such lesser amount allocated to such Lender by the Amendment No. 5 Arrangers).
Consent Only
The undersigned Term B-3 Lender hereby irrevocably and unconditionally approves the Amendment.
Revolving Credit Lenders
The undersigned Revolving Credit Lender hereby irrevocably and unconditionally consents to the Amendment.

Exhibit A-1

IN WITNESS WHEREOF, the undersigned has caused this Consent to be executed and delivered by a duly authorized officer.
Date:  ________, 2014
___________________________________, 
as a Lender (type name of the legal entity)
By:                        
Name:     
Title:     
Fund Manager:
Contact Information: 
[    ] 
[    ] 
[    ]
If a second signature is necessary:
By:                        
Name:     
Title:     

TERM B-4 JOINDER AGREEMENT
TERM B-4 JOINDER AGREEMENT, dated as of February [  ], 2014 (this “Agreement”), by and among [ADDITIONAL TERM B-4 LENDER] (each, an “Additional Term B-4 Lender” and, collectively, the “Additional Term B-4 Lenders”), Dunkin’ Brands, Inc. (the “Borrower”), and BARCLAYS BANK PLC (the “Administrative Agent”).
RECITALS:
WHEREAS, reference is hereby made to the Credit Agreement, dated as of November 23, 2010 and amended by Amendment No. 1 dated as of February 18, 2011, Amendment No. 2 dated as of May 24, 2011, Amendment No. 3 dated as of August 9, 2012, Amendment No. 4 dated as February 14, 2013 and Amendment No. 5 dated as February [   ], 2014 (as further amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among the Borrower, Dunkin’ Brands Holdings, Inc., a Delaware corporation (“Holdings”), each lender from time to time party thereto and Barclays Bank PLC, as Administrative Agent, Swing Line Lender and L/C Issuer (capitalized terms used but not defined herein having the meaning provided in the Credit Agreement);
WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrower may establish Additional Term B-4 Commitments (the “Additional Term B-4 Commitments”) with existing Term B-3 Lenders and/or Additional Term B-4 Lenders; and
WHEREAS, subject to the terms and conditions of the Credit Agreement, Additional Term B-4 Lenders shall become Lenders pursuant to one or more Term B-4 Joinder Agreements;
NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto agree as follows:
Each Additional Term B-4 Lender hereby agrees to provide the Additional Term B-4 Commitment set forth on its signature page hereto pursuant to and in accordance with Section 2.01(c) of the Credit Agreement.  The Additional Term B-4 Commitments provided pursuant to this Agreement shall be subject to all of the terms in the Credit Agreement and to the conditions set forth in the Credit Agreement, and shall be entitled to all the benefits afforded by the Credit Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the Collateral Documents
Each Additional Term B-4 Lender, the Borrower and the Administrative Agent acknowledge and agree that the Additional Term B-4 Commitments provided pursuant to this Agreement shall constitute Term B-4 Commitments for all purposes of the Credit Agreement and the other applicable Loan Documents.  Each Additional Term B-4 Lender hereby agrees to make an Additional Term B-4 Loan to the Borrower in an amount equal to its Additional Term B-4 Commitment on the Amendment No. 5 Effective Date in accordance with Section 2.01(c) of the Credit Agreement.
Each Additional Term B-4 Lender (i) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; (ii) agrees that it will, independently and without reliance upon the Administrative Agent, the Amendment No. 5 Arrangers or any other Additional Term B-4 Lender or any other Lender or Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender.
Upon (i) the execution of a counterpart of this Agreement by each Additional Term B-4 Lender, the Administrative Agent and the Borrower and (ii) the delivery to the Administrative Agent of a fully executed counterpart (including by way of telecopy or other electronic transmission) hereof, each of the undersigned Additional Term B-3 Lenders shall become Lenders under the Credit Agreement and shall have the respective Additional Term B-4 Commitment set forth on its signature page hereto, effective as of the Amendment No. 5 Effective Date.
For each Additional Term B-4 Lender, delivered herewith to the Administrative Agent are such forms, certificates or other evidence with respect to United States federal income tax withholding matters as such Additional Term B-4 Lender may be required to deliver to the Administrative Agent pursuant to Section 10.15 of the Credit Agreement.
This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.
This Agreement, the Credit Agreement and the other Loan Documents constitute the entire agreement among the parties with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof.
THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as would be enforceable.
This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement.
IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Agreement as of February [  ], 2014.
[NAME OF ADDITIONAL TERM B-4 LENDER]
By:        
Name:     
Title:    

If a second signature is necessary:
By:        
Name:    
Title:

Additional Term B-4 Commitments:
$_________________________________

DUNKIN’ BRANDS, INC.
By:        
Name:    
Title:    
Accepted: 
 
BARCLAYS BANK PLC, 
as Administrative Agent
		
	By:
	                         
Name: 
Title:

TERM C JOINDER AGREEMENT
TERM C JOINDER AGREEMENT, dated as of February [  ], 2014 (this “Agreement”), by and among [ADDITIONAL TERM C LENDER] (each, an “Additional Term C Lender” and, collectively, the “Additional Term C Lenders”), Dunkin’ Brands, Inc. (the “Borrower”), and BARCLAYS BANK PLC (the “Administrative Agent”).
RECITALS:
WHEREAS, reference is hereby made to the Credit Agreement, dated as of November 23, 2010 and amended by Amendment No. 1 dated as of February 18, 2011, Amendment No. 2 dated as of May 24, 2011, Amendment No. 3 dated as of August 9, 2012, Amendment No. 4 dated as February 14, 2013 and Amendment No. 5 dated as February [   ], 2014 (as further amended, restated, extended, supplemented or otherwise modified in writing from time to time, the “Credit Agreement”), among the Borrower, Dunkin’ Brands Holdings, Inc., a Delaware corporation (“Holdings”), each lender from time to time party thereto and Barclays Bank PLC, as Administrative Agent, Swing Line Lender and L/C Issuer (capitalized terms used but not defined herein having the meaning provided in the Credit Agreement);
WHEREAS, subject to the terms and conditions of the Credit Agreement, the Borrower may establish Additional Term C Commitments (the “Additional Term C Commitments”) with existing Term B-3 Lenders and/or Term C Lenders; and
WHEREAS, subject to the terms and conditions of the Credit Agreement, Additional Term C Lenders shall become Lenders pursuant to one or more Term C Joinder Agreements;
NOW, THEREFORE, in consideration of the premises and agreements, provisions and covenants herein contained, the parties hereto agree as follows:
Each Additional Term C Lender hereby agrees to provide the Additional Term C Commitment set forth on its signature page hereto pursuant to and in accordance with Section 2.01(a) of the Credit Agreement.  The Additional Term C Commitments provided pursuant to this Agreement shall be subject to all of the terms in the Credit Agreement and to the conditions set forth in the Credit Agreement, and shall be entitled to all the benefits afforded by the Credit Agreement and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the Collateral Documents
Each Additional Term C Lender, the Borrower and the Administrative Agent acknowledge and agree that the Additional Term C Commitments provided pursuant to this Agreement shall constitute Additional Term C Commitments for all purposes of the Credit Agreement and the other applicable Loan Documents.  Each Additional Term C Lender hereby agrees to make an Additional Term C Loan to the Borrower in an amount equal to its Additional Term C Commitment on the Amendment No. 5 Effective Date in accordance with Section 2.01(a) of the Credit Agreement.
Each Additional Term C Lender (i) confirms that it has received a copy of the Credit Agreement and the other Loan Documents, together with copies of the financial statements referred to therein and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; (ii) agrees that it will, independently and without reliance upon the Administrative Agent, the Amendment No. 5 Arrangers or any other Term C Lender or any other Lender or Agent and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement; (iii) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers and discretion as are reasonably incidental thereto; and (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender.
Upon (i) the execution of a counterpart of this Agreement by each Additional Term C Lender, the Administrative Agent and the Borrower and (ii) the delivery to the Administrative Agent of a fully executed counterpart (including by way of telecopy or other electronic transmission) hereof, each of the undersigned Additional Term C Lenders shall become Lenders under the Credit Agreement and shall have the respective Additional Term C Commitment set forth on its signature page hereto, effective as of the Amendment No. 5 Effective Date.
For each Additional Term C Lender, delivered herewith to the Administrative Agent are such forms, certificates or other evidence with respect to United States federal income tax withholding matters as such Additional Term C Lender may be required to deliver to the Administrative Agent pursuant to Section 10.15 of the Credit Agreement.
This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.
This Agreement, the Credit Agreement and the other Loan Documents constitute the entire agreement among the parties with respect to the subject matter hereof and thereof and supersede all other prior agreements and understandings, both written and verbal, among the parties or any of them with respect to the subject matter hereof.
THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to be only so broad as would be enforceable.
This Agreement may be executed in counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement.
IN WITNESS WHEREOF, each of the undersigned has caused its duly authorized officer to execute and deliver this Agreement as of February [  ], 2014.
[NAME OF ADDITIONAL TERM C LENDER]
By:        
Name:     
Title:    

If a second signature is necessary:
By:        
Name:    
Title:

Additional Term C Commitments:
$_________________________________

DUNKIN’ BRANDS, INC.
By:        
Name:    
Title:    
Accepted: 
 
BARCLAYS BANK PLC, 
as Administrative Agent
		
	By:
	                         
Name: 
Title:

Exhibit A-2
        
40791498_4

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