Document:

Exhibit

EXHIBIT 10.9

MASTER ASSIGNMENT AND ASSUMPTION

This Master Assignment and Assumption (the “Assignment and Assumption”) is dated as of March 13, 2018 and is entered into by and between each Assignor identified in item 1 below (each, an “Assignor”) and the Assignee identified in item 2 below (the “Assignee”).  It is understood and agreed that the rights and obligations of the Assignors hereunder are several and not joint.  Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee.  The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. Notwithstanding anything to the contrary in this Assignment and Assumption, the Assignee reserves the right to designate one or more alternative purchasers which may, on the Effective Date (as defined below), purchase any or all of the Assigned Interest pursuant to the terms set forth herein; provided, however, that any such alternative purchaser must execute a joinder to this Assignment and Assumption as an assignee hereunder and satisfy the standard know your customer requirements of the Lenders (and the assignment to such alternative purchaser must not otherwise violate applicable law) and the Assignee shall remain obligated to ensure that all of the Assigned Interest is purchased on the Effective Date.

For an agreed consideration and as set forth in Schedule 1 attached hereto and pursuant to the wiring instructions set forth therein, each Assignor shall irrevocably sell and assign to the Assignee, and the Assignee shall irrevocably purchase and assume from the respective Assignors, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of March 15, 2018 (the “Effective Date”) as contemplated below (i) all of the respective Assignors’ rights and obligations in their respective capacities as Lenders under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the respective Assignors under the respective facilities identified below (including, without limitation, any Letters of Credit, guarantees and Swingline Loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the respective Assignors (in their respective capacities as Lenders) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by any Assignor to the Assignee pursuant to clauses (i) and (ii) above being referred to herein collectively as an “Assigned Interest”).  Each such sale and assignment is without recourse to any Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by any Assignor.  On or before 3:00 p.m. (eastern standard time) on the Effective Date, the Assignee shall deliver the amounts set forth in Schedule 1 to the Assignors in immediately available funds pursuant to the wiring instructions set forth in Schedule 1 (which amounts are calculated to include principal and all interest accrued through the Effective Date on such principal; it being agreed between each Assignor and the Assignee that should the Borrower make any payments with respect to the Assigned Interest or receive any additional Revolving Loans prior to the Effective Date, the amounts set forth on Schedule 1 shall be adjusted accordingly).  If an Assignor received any originally executed promissory notes on account of the Assigned Interests, then on the Effective Date, such Assignor 

shall either: (a) deliver its originally executed promissory notes to the Assignee for cancellation and replacement after the Effective Date; or (b) in the event that such Assignor cannot locate any such promissory note, it will execute and deliver an Affidavit of Lost Note in the form attached hereto as Exhibit A.  For the avoidance of doubt, the Lenders’ rights under the Credit Agreement and other Loan Documents shall not be assigned to the Assignee until the amounts set forth on Schedule 1 have been paid by the Assignee to the Lenders and the Borrower shall have satisfied the requirements of clauses (a) and (b) of paragraph 8.

1.   Assignors:            Wells Fargo Bank, National Association
Bank of America, N.A.
Citizens Bank, N.A.
Regions Bank
Cooperatieve Rabobank U.A., New York Branch
Fifth Third Bank

2.   Assignee:            Cannae Holdings, LLC

3.   Borrower:            ABRH, LLC, a Delaware limited liability company

4.   Administrative Agent:    Wells Fargo Bank, National Association, as the administrative agent under the Credit Agreement.

5.   Credit Agreement:        Credit Agreement dated as of August 19, 2014, as amended, modified, extended, restated, replaced or supplemented from time to time, among the Borrower, the other Credit Parties from time to time party thereto, the lenders and other financial institutions from time to time party thereto, and Wells Fargo Bank, National Association, as Administrative Agent.

6.   Assigned Interests:    
		
	a)
	Revolving Credit

	
						
	Assignors
	Assignees
	Facility Assigned
	Aggregate Amount of Commitment/
Loans for all Lenders
	Amount of Commitment/
Loans Assigned
	Percentage Assigned of Commitment/
Loans

	Wells Fargo Bank, National Association
	Cannae Holdings, LLC
	Revolving Credit
	$60,000,000.00
	$11,428,571.43
	19.047619050%

	Bank of America, N.A.
	Cannae Holdings, LLC
	Revolving Credit
	$60,000,000.00
	$11,428,571.43
	19.047619050%

	Citizens Bank, N.A.
	Cannae Holdings, LLC
	Revolving Credit
	$60,000,000.00
	$10,000,000.00
	16.666666667%

	Regions Bank
	Cannae Holdings, LLC
	Revolving Credit
	$60,000,000.00
	$10,000,000.00
	16.666666667%

	Cooperatieve Rabobank U.A., New York Branch
	Cannae Holdings, LLC
	Revolving Credit
	$60,000,000.00
	$10,000,000.00
	16.666666667%

	Fifth Third Bank
	Cannae Holdings, LLC
	Revolving Credit
	$60,000,000.00
	$7,142,857.14
	11.904761900%

	TOTAL
	 
	 
	 
	$60,000,000.00
	100%

		
	b)
	Term Loans

	
						
	Assignors
	Assignees
	Facility Assigned
	Aggregate Amount of Commitment/
Loans for all Lenders
	Amount of Commitment/
Loans Assigned
	Percentage Assigned of Commitment/
Loans

	Wells Fargo Bank, National Association
	Cannae Holdings, LLC
	Term Loan
	$110,000,000.00
	$20,952,380.95
	19.047619048%

	Bank of America, N.A.
	Cannae Holdings, LLC
	Term Loan
	$110,000,000.00
	$20,952,380.95
	19.047619048%

	Citizens Bank, N.A.
	Cannae Holdings, LLC
	Term Loan
	$110,000,000.00
	$18,333,333.33
	16.666666667%

	Regions Bank
	Cannae Holdings, LLC
	Term Loan
	$110,000,000.00
	$18,333,333.33
	16.666666667%

	Cooperatieve Rabobank U.A., New York Branch
	Cannae Holdings, LLC
	Term Loan
	$110,000,000.00
	$18,333,333.33
	16.666666667%

	Fifth Third Bank
	Cannae Holdings, LLC
	Term Loan
	$110,000,000.00
	$13,095,238.11
	11.904761918%

	TOTAL
	 
	 
	 
	$110,000,000.00
	100%

7.    The parties hereto agree that: (a) the assignment fee set forth in Section 12.9(b)(iv) is hereby waived; and (b) the Assignee shall be deemed to be an Eligible Assignee.

8.    Prior to the Effective Date, the Assignee intends to cause the Borrower to replace all outstanding Letters of Credit and return all Letters of Credit to the Issuing Lender for cancellation. The Assignee shall ensure that prior to the Effective Date the Borrower shall have: (a) in the event that any Letters of Credit remain outstanding on the Effective Date, Cash Collateralized all outstanding Letters of Credit by delivering to the Issuing Lender cash in the amount of $11,570,208 (the “Cash Collateral”), which amount shall serve as security for any fees, costs, charges, expenses or other losses or liabilities that are incurred by Wells Fargo Bank, National Association (“WFB”) in connection with the outstanding Letters of Credit (the “Losses”), provided, however, that (i) if less than all of the currently outstanding Letters of Credit remain outstanding on the Effective Date, the Cash Collateral amount required to be posted shall be reduced to equal 105% of the then current face amount of such remaining outstanding Letters of Credit and (ii) in lieu of posting Cash Collateral with respect to any one or more of the Letters of Credit that remain outstanding on the Effective Date, the Borrower may cause any financial institution reasonably acceptable to WFB (it being agreed that City National Bank is acceptable) to deliver a backup letter of credit (in a form reasonably acceptable to WFB) to WFB as beneficiary in the amount of the Cash Collateral that otherwise would have been required to be posted with respect to such remaining outstanding Letter of Credit; and (b) reimbursed the Administrative Agent for all outstanding fees and costs (including, without limitation, the outstanding fees and costs of counsel to the Administrative Agent and any Assigning Lender) associated with the Credit Parties or this Assignment and Assumption to the extent that invoices for such fees and costs have been delivered to Borrower prior to the Effective Date.  Within ten (10) Business Days following the termination of any undrawn Letter of Credit, the Cash Collateral (or backup letter of credit, as applicable) for such Letter of Credit (after deducting any Losses associated with the Letter of Credit) shall be returned to the Borrower; provided, however, that at all times Wells Fargo Bank, National Association shall be permitted to retain Cash Collateral (and backup letters of credit, as applicable) in an amount equal to 105% of the face amount of all outstanding Letters of Credit.  The transactions contemplated by that certain Agency Succession Agreement dated as of the date hereof by and between the Administrative Agent and Cannae Holdings, LLC shall be deemed to occur simultaneously with the Effective Date.  

9.    On and after the Effective Date: (a) the Assignee shall assume the obligations of the L/C Participants, and the Assignors shall have no further obligations as L/C Participants; and (b) Wells Fargo Bank, National Association shall resign as Issuing Lender and shall not issue or renew any Letters of Credit.   

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

Signature Page to Master Assignment and Assumption

The terms set forth in this Master Assignment and Assumption are hereby agreed to:

ASSIGNORS:

WELLS FARGO BANK, NATIONAL ASSOCIATION

By: /s/ Reginald T. Dawson                    
Name: Reginald T. Dawson
Title: Senior Vice President

BANK OF AMERICA, N.A.

By: /s/ Heather Strickland                    
Name: Heather Strickland
Title: Senior Vice President

CITIZENS BANK, N.A.

By: /s/ John F. Kendrick                    
Name: John F. Kendrick
Title: Vice President

REGIONS BANK

By: /s/ Margaret Renou                
Name: Margaret Renou
Title: Senior Vice President

COOPERATIEVE RABOBANK U.A., NEW YORK BRANCH

By: /s/John S. Yusi III                        
Name: John S. Yusi III
Title: Executive Director

By: /s/Salvatore Esposito                    
Name: Salvatore Esposito
Title: Managing Director

FIFTH THIRD BANK

By: /s/Joseph R. Yeazell                
Name: Joseph R. Yeazell
Title: Vice President

ASSIGNEE:

CANNAE HOLDINGS, LLC

By: /s/Richard L. Cox                    
Name:  Richard L. Cox
Title:  Managing Director and Chief Financial Officer

Consented to and Accepted:

WELLS FARGO BANK, NATIONAL ASSOCIATION, 
as Administrative Agent

By: /s/Reginald. T. Dawson                
Name: Reginald T. Dawson
Title: Senior Vice President

Consented to:

ABRH, LLC

By: /s/ W. Craig Barber                
Name:  W. Craig Barber
Title:  President

ANNEX 1

STANDARD TERMS AND CONDITIONS FOR
ASSIGNMENT AND ASSUMPTION

1.    Representations and Warranties.  

1.1    Assignors.  Each Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the relevant Assigned Interest, (ii) such Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it is not a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

1.2.    Assignee.  The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements set forth in the definition of Eligible Assignee and in subsections 12.9(b)(v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 12.9(b)(iii) of the Credit Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the relevant Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 8.1 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase such Assigned Interest, (vi) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase such Assigned Interest, and (vii) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, any Assignor or any other Lender, 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 Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

2.    Payments.  From and after the Effective Date, the Administrative Agent shall make all payments in respect of each Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee regardless of whether such amounts have accrued prior to or after the Effective Date.

3.    General Provisions.  This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.  Delivery of an executed counterpart of a “signature” of this Assignment and Assumption by telecopy or other electronic means shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption.  This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York.

AFFIDAVIT OF LOST NOTE

The undersigned is the sole owner of the [_________ Note] dated [August 19, 2014] issued by ABRH, LLC, a Delaware limited liability company (the “Company”), in favor of the undersigned in the original principal amount of $[____________] (the “Note”) pursuant to that certain Credit Agreement dated as of August 19, 2014 among Fidelity Newport Holdings, LLC, the Company, as borrower, the lenders referred to therein and Wells Fargo Bank, National Association, as administrative agent, swingline lender and issuing lender, as amended (the “Credit Agreement”).  A copy of the Note is attached to this Affidavit as Exhibit A.  The undersigned hereby represents and warrants that it has never endorsed, delivered, transferred, assigned or otherwise disposed of the Note in any manner that would give any other person any interest therein, except with respect to the assignment to the New Holder; that it has searched diligently for the Note, but has been unable to locate it; and that the Note has been lost, destroyed or stolen.  

The undersigned agrees to indemnify, defend and save harmless the Company from any and all claims, loss or damage whatsoever arising out of, or related in any manner to, the representations made by the undersigned hereunder.  The undersigned agrees that in the event the undersigned locates the Note, it shall promptly deliver the Note to Nelson, Mullins, Riley & Scarborough, LLP (Attention:  Francis C. Pray, Jr.), at 301 South College Street, 23rd Floor, Charlotte, NC 28202.

     The undersigned acknowledges and agrees that all of the obligations owed to the undersigned evidenced by the Note, the Credit Agreement and all other Loan Documents (as defined in the Credit Agreement) have been assigned to Cannae Holdings, LLC (the “New Holder”), on this date pursuant to a separate Master Assignment and Assumption Agreement of even date herewith and that, in reliance on the making of this Affidavit, the Company is issuing a replacement note for the Note to the New Holder.
    

[Signature appears on following page]

Dated:  ______________

[NAME]

By:                            
Name:
Title:
       

STATE OF _______________
COUNTY OF     ____________

This ________ day of _______________, personally came before me ___________________________________, who, being by me duly sworn, says that he [she] is the ________ of _______________________, and that said writing was signed by him [her], on behalf of said entity, by its authority duly given.  And the undersigned acknowledged the said writing to be the act and deed of said entity.

_______________________________    
Notary Public

_______________________________    
Notary’s printed or typed name

My commission expires:

____________________

[NOTARIAL SEAL]

Exhibit A

A copy of the Note follows this page.

SCHEDULE 1
ASSIGNMENT INSTRUCTIONS

	
			
	Lender
	Total Payment Amount
	Wiring Instructions

	Wells Fargo Bank, National Association
	$23,608,613.58
	Wells Fargo Bank, N.A.
Charlotte, NC USA
ABA/ Routing Number:  XXXXXX
Account Number:  XXXXXXXX
Ref:  ABRH LLC
Attn:  Financial Cash Controls

	Bank of America, N.A.
	$23,605,705.67
	Bank of America, N.A.
ABA/Routing Number:  XXXXXX
Account Number:  XXXXXXXX
Reference:  ABRH LLC
Attention:  Wire clearing Acct for Synd Loans - LIQ

	Citizens Bank, N.A.
	$20,654,992.43
	Citizens Bank
One Citizens Drive
Riverside, RI 02915
ABA/Routing Number:  XXXXXXXX
Account Number:  XXXXXXXX
Reference:  ABRH LLC 880-1013363082
Attention:  Jay Kendrick

	Cooperatieve Rabobank U.A., New York Branch
	$20,654,992.43
	J.P.Morgan Chase
New York
ABA/Routing Number:  XXXXX
Account Number:  XXXXX
Reference:  Rabobank New York

	
			
	Regions Bank
	$20,654,992.43
	Regions Bank
Birmingham, AL
ABA/Routing Number:  XXXXXX
Account Name:  Commercial Loan Services
Account No.:  XXXXXXXXXX
Reference:  ABRH LLC
Attention:  Florence Bullock

	Fifth Third Bank
	$14,753,566.03
	Fifth Third Bank - Loan Sale
Fifth Third Bank, Cincinnati, Ohio
ABA/Routing Number:  XXXXXXX
Account Number:  XXXXXXXX
Attention:  Wendi Merritt
Loan Sale #:  0906102850Exhibit

EXHIBIT 10.10

AGENCY SUCCESSION AGREEMENT

This AGENCY SUCCESSION AGREEMENT (this “Agreement”) is entered into as of March 13, 2018, by and between WELLS FARGO BANK, NATIONAL ASSOCIATION (“WFB”) and CANNAE HOLDINGS, LLC, a Delaware limited liability company (“Cannae”).

R E C I T A L S:

WHEREAS, pursuant to that certain Credit Agreement dated as of August 19, 2014 among Fidelity Newport Holdings, LLC, a Delaware limited liability company (“FNH”), ABRH, LLC, a Delaware limited liability company (“ABRH”), as borrower, the lenders party thereto from time to time, and WFB, as administrative agent, swingline lender and issuing lender, which credit agreement was amended pursuant to that certain First Amendment to Credit Agreement dated as of February 22, 2017 among FNH, ABRH, the direct and indirect subsidiaries of ABRH identified therein as “guarantors,” WFB, and the lenders party thereto (as so amended, the “Credit Agreement”), certain credit facilities were made available for the benefit of FNH, ABRH and the subsidiaries of ABRH (capitalized terms used but not defined in this Agreement shall have the meanings ascribed to such terms in the Credit Agreement); and

WHEREAS, Cannae and WFB are parties to that certain Master Assignment and Assumption dated as of the date hereof by and between the Assignors identified therein and the Assignee identified therein (the “Assignment and Assumption”), whereby the Assignors shall sell and assign the Assigned Interest (as defined therein) to the Assignee or its designees.

NOW, THEREFORE, in consideration of the mutual promises and covenants contained in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.Agency Succession.  Contemporaneously with the closing of the transactions contemplated by the Assignment and Assumption to occur on the Effective Date (as defined therein), WFB will resign from its role as Administrative Agent under the Credit Agreement by executing and delivering the letter attached hereto as Exhibit A (the “Agent Resignation Letter”), and Cannae will succeed to the role of Administrative Agent under the Credit Agreement by executing and delivering the letter attached hereto as Exhibit B (the “Successor Agent Letter”).  

2.Modification of this Agreement.  This Agreement may be changed, terminated or modified only by an agreement in writing signed by the parties with respect to which such modification applies.

3.Successors and Assigns.  The covenants, agreements, rights and options contained in this Agreement shall be binding upon and shall inure to the benefit of the respective successors and assigns of the parties hereto and all persons claiming by, through or under any of them.

4.Governing Law.  This Agreement shall be governed by and interpreted in accordance with the laws of the State of New York.

5.Counterparts.  This Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of which, collectively, shall constitute one agreement.

[Signature Pages Follow]

[Signature Page to Agency Succession Agreement]
IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year first above written, with the intention that this Agreement take effect as an instrument under seal.

CANNAE HOLDINGS, LLC

By:                        
Name:  Richard L. Cox
Title:  Managing Director and Chief Financial Officer

WELLS FARGO BANK, 
NATIONAL ASSOCIATION, 

By:                        
Name:
Title:

EXHIBIT A

AGENT RESIGNATION LETTER

See attached.

1

March 15, 2018

	
					
	ABRH, LLC
3038 Sidco Drive
Nashville, TN 37204
Attention: Steve Sparks, Chief Financial Officer
Facsimile:  615-782-5030
	ABRH, LLC
3038 Sidco Drive
Nashville, TN 37204
Attention:  Goodloe Partee, General Counsel
Facsimile:  615-782-5030
	 
	 

	 
	 
	 
	 

	Wells Fargo Bank, National Association
MAC D1109-019
1525 West W.T. Harris Blvd.
Charlotte, NC 28262
Attention:  Syndication Agency Services
Facsimile:  704-715-0092
	Wells Fargo Bank, National Association
1808 Aston Avenue, Suite 250
Carlsbad, CA 92008
Attention:  Jacob Norton
Facsimile:  760-918-2727
	 

	 
	 
	 

	Cannae Holdings, LLC
1701 Village Center Circle
Las Vegas, NV 89134
Attn:  Mike Gravelle
702-323-7334
mgravelle@fnf.com

	

VIA FACSIMILE AND OVERNIGHT DELIVERY

Ladies and Gentlemen:

We refer to that certain Credit Agreement, dated as of August 19, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Fidelity Newport Holdings, LLC, as Holdings, ABRH, LLC, as Borrower, the Lenders party thereto from time to time and Wells Fargo Bank, National Association, as Administrative Agent (“Wells Fargo”).  Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement.  

Pursuant to Section 11.6 of the Credit Agreement, Wells Fargo hereby notifies each Lender and the Borrower that, effective as of March 15, 2018, Wells Fargo resigns as the Agent under the Credit Agreement and the other Loan Documents.  As provided in Section 11.6 of the Credit Agreement, the Required Lenders may appoint a successor Agent (the “Successor Agent”).

To the best of Wells Fargo’s knowledge, Schedule A includes all currently existing material Loan Documents.

Signature page to follow

                        

Sincerely,

WELLS FARGO BANK, NATIONAL ASSOCIATION  
as Agent  
                        
By:_____________________________
Name: 
Title:

    

Schedule A

Loan Documents

		
	1.
	Credit Agreement, dated as of August 19, 2014, as amended by that First Amendment to Credit Agreement, dated February 24, 2017, as amended, restated, supplemented or otherwise modified prior to the date hereof, by and among Holdings, Borrower, the Lenders, and Administrative Agent.

		
	2.
	Guaranty and Security Agreement, dated as of August 19, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, by and among the Borrower, Holdings, the Grantors (as defined therein), and Administrative Agent.

		
	3.
	Trademark Security Agreement, dated as of August 19, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, by and between American Blue Ribbon Holdings, LLC and Administrative Agent, recorded August 20, 2014 at US Patent and Trademark Office, Reel 005348/Frame 0417.

		
	4.
	Copyright Security Agreement, dated as of August 19, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, by and between American Blue Ribbon Holdings, LLC and Administrative Agent, recorded December 18, 2014 at US Copyright Office.

		
	5.
	Fee Letter Agreement dated July 21, 2014, among the Borrower, Administrative Agent and Wells Fargo Securities, LLC.

		
	6.
	Irrevocable stock power executed in blank relating to Stock Certificate No. 1, dated as of July 25, 2014, with Borrower as the registered holder of 1000 shares of common stock of ABRH Management Services, Inc.

		
	7.
	Irrevocable stock power executed in blank relating to Class A Share Certificate No. A-54, dated as of August 8, 2012, with O’Charley’s, LLC as the registered owner of 7,750 Class A Shares of Hugo’s Frog Bar-Naperville, LLC.

		
	8.
	Allonge executed in blank relating to Revolving Promissory Note, dated March 14, 2012, as amended, restated, supplemented or otherwise modified prior to the date hereof, made by American Blue Ribbon Holdings, LLC in favor of SVCC, LLC.

		
	9.
	Allonge executed in blank relating to Note, dated March 31, 2012, as amended, restated, supplemented or otherwise modified prior to the date hereof, made by O’Charley’s, LLC in favor of OPI, LLC.

		
	10.
	Revolving Credit Note, dated August 19, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, made by the Borrower in favor of Wells Fargo Bank, N.A.

		
	11.
	Revolving Credit Note, dated August 19, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, made by the Borrower in favor of Citizens Bank, National Association.

		
	12.
	Term Loan Note, dated August 19, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, made by the Borrower in favor of Wells Fargo Bank, N.A.

		
	13.
	Term Loan Note, dated August 19, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, made by the Borrower in favor of Citizens Bank, National Association.

		
	14.
	Swingline Note, dated August 19, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, made by the Borrower in favor of Wells Fargo Bank, N.A.

		
	15.
	Mortgage, Security Agreement, Assignment of Leases and Rents, Financing Statement and Fixture Filing, dated as of December 9, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, by and between American Blue Ribbon Holdings, LLC and Administrative Agent regarding certain real property in Cook County, IL.

		
	16.
	Deed of Trust, Security Agreement, Assignment of Leases and Rents, Financing Statement and Fixture Filing, dated as of December 9, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, by and between O’Charley’s, LLC and Administrative Agent regarding certain real property in Davidson County, TN.

		
	17.
	Deed of Trust, Security Agreement, Assignment of Leases and Rents, Financing Statement and Fixture Filing, dated as of December 9, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, by and between American Blue Ribbon Holdings, LLC and Administrative Agent regarding certain real property in Denver County, CO.

		
	18.
	Mortgage, Security Agreement, Assignment of Leases and Rents, Financing Statement and Fixture Filing, dated as of December 9, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, by and between American Blue Ribbon Holdings, LLC and Administrative Agent regarding certain real property in Carver County, MN.

		
	19.
	Deposit Account Control Agreement, dated as of September 18, 2014, as amended, restated, supplemented or otherwise modified prior to the date hereof, by and between O’Charley’s Management Company, Administrative Agent and Regions Bank.

		
	20.
	Letter of Credit #NZS516179 from Wells Fargo Bank, N.A. for the benefit of Arrowood Indemnity Company in the amount of $43,000.00 with expiry date of August 1, 2018

		
	21.
	Letter of Credit #NZS516182 from Wells Fargo Bank, N.A. for the benefit of Federal Insurance Company in the amount of $761,482.00 with expiry date of August 1, 2018

		
	22.
	Letter of Credit #NZS625674 from Wells Fargo Bank, N.A. for the benefit of Arch Insurance Company in the amount of $729,764.00 with expiry date of August 1, 2018

		
	23.
	Letter of Credit #SM202825 from Wells Fargo Bank, N.A. for the benefit of Safety National Casualty Corp in the amount of $3,900,000.00 with expiry date of April 16, 2018

		
	24.
	Letter of Credit #SM202618 from Wells Fargo Bank, N.A. for the benefit of Employers Insurance of Wausau in the amount of $85,000.00 with expiry date of April 16, 2018

		
	25.
	Letter of Credit #SM220033 from Wells Fargo Bank, N.A. for the benefit of Zurich American Insurance in the amount of $5,500,000.00 with expiry date of May 15, 2018

		
	26.
	UCC Financing Statement listing Fidelity Newport Holdings, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Delaware on August 19, 2014 (File #20143324951)

		
	27.
	UCC Financing Statement listing ABRH, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Delaware on August 19, 2014 (File #20143324829)

		
	28.
	UCC Financing Statement listing American Blue Ribbon Holdings, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Delaware on August 19, 2014 (File #20143324936)

		
	29.
	UCC Financing Statement listing SVCC, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Arizona on August 19, 2014 (File #2014-002-5745-5)

		
	30.
	UCC Financing Statement listing O’Charley’s LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Tennessee on August 19, 2014 (File #422020036)

		
	31.
	UCC Financing Statement listing ABRH Management Services, Inc. as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Delaware on August 19, 2014 (File #20143324894)

		
	32.
	UCC Financing Statement listing O’Charley’s Service Company, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Tennessee on August 19, 2014 (File #422020136)

		
	33.
	UCC Financing Statement listing O’Charley’s Sports Bar, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Alabama on August 19, 2014 (File #14-0356261)

		
	34.
	UCC Financing Statement listing O’Charley’s Sports Bar Alabaster, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Alabama on August 19, 2014 (File #14-0356278)

		
	35.
	UCC Financing Statement listing OPI, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Colorado on August 19, 2014 (File #2014078334)

		
	36.
	UCC Financing Statement listing JFC Enterprises, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Delaware on August 19, 2014 (File #20143324985)

		
	37.
	UCC Financing Statement listing O’Charley’s Management Company, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Tennessee on August 19, 2014 (File #422020191)

		
	38.
	UCC Financing Statement listing O’Charley’s Restaurant Properties, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Delaware on August 19, 2014 (File #20143325008)

		
	39.
	UCC Financing Statement listing 99 Restaurants, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Delaware on August 19, 2014 (File #20143324795)

		
	40.
	UCC Financing Statement listing 99 Commissary, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Delaware on August 19, 2014 (File #20143324555)

		
	41.
	UCC Financing Statement listing 99 Restaurants of Boston, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Delaware on August 19, 2014 (File #20143324779) 

		
	42.
	UCC Financing Statement listing 99 West, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Massachusetts on August 19, 2014 (File #201414006110)

		
	43.
	UCC Financing Statement listing 99 Restaurants of Massachusetts, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Massachusetts on August 19, 2014 (File #201414006020)

		
	44.
	UCC Financing Statement listing 99 Restaurants of Vermont, LLC as debtor and Wells Fargo Bank, National Association, as Administrative Agent, as secured party, filed in Vermont on August 20, 2014 (File #14-273752)

EXHIBIT B

SUCCESSOR AGENT LETTER

See attached.

March 15, 2018

	
			
	ABRH, LLC
3038 Sidco Drive
Nashville, TN 37204
Attention: Steve Sparks, Chief Financial Officer
Facsimile:  615-782-5030
	 
	ABRH, LLC
3038 Sidco Drive
Nashville, TN 37204
Attention:  Goodloe Partee, General Counsel
Facsimile:  615-782-5030

	

	 

	Wells Fargo Bank, National Association
MAC D1109-019
1525 West W.T. Harris Blvd.
Charlotte, NC 28262
Attention:  Syndication Agency Services
Facsimile:  704-715-0092
	Wells Fargo Bank, National Association
1808 Aston Avenue, Suite 250
Carlsbad, CA 92008
Attention:  Jacob Norton
Facsimile:  760-918-2727

	Cannae Holdings, LLC
1701 Village Center Circle
Las Vegas, NV 89134
Attn:  Mike Gravelle
702-323-7334

	 

VIA FACSIMILE AND OVERNIGHT DELIVERY

Ladies and Gentlemen:

We refer to that certain Credit Agreement, dated as of August 19, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among Fidelity Newport Holdings, LLC, as Holdings, ABRH, LLC, as Borrower, the Lenders party thereto from time to time and Wells Fargo Bank, National Association, as Administrative Agent (“Wells Fargo”).  Capitalized terms used in this letter agreement (the “Consent Letter”) and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement.   

Pursuant to that certain letter dated as of March 15, 2018, Wells Fargo resigned as the Agent under the Credit Agreement and the other Loan Documents effective as of March 15, 2018.  Pursuant to Section 11.6 of the Credit Agreement, upon Wells Fargo’s resignation, the Required Lenders shall have the right to appoint a successor Administrative Agent (the “Successor Agent”).  We hereby seek consent for the appointment of Cannae Holdings, LLC as Successor Agent under the Credit Agreement.

By your signature below, you confirm your consent to the appointment of Cannae Holdings, LLC as the Successor Agent under the Credit Agreement. 

This Consent Letter shall be governed by the internal laws (and not the conflicts or choice of laws principles) of the State of New York.  This Consent Letter may be executed in counterparts, each of which shall constitute an original and all of which taken together shall constitute one and the same instrument; delivery of an executed counterpart of a signature page to this Consent Letter by facsimile shall have the same effect as delivery of a manually executed counterpart of this Consent Letter.

Signature pages to follow

                        

Sincerely,

CANNAE HOLDINGS, LLC, as Successor Agent 

                        
By: /s/Richard L. Cox
Name: Richard L. Cox
Title: Managing Director and Chief Financial Officer

LENDER:                    

CANNAE HOLDINGS, LLC

By: /s/Richard L. Cox
Name: Richard L. Cox
Title: Managing Director and Chief Financial Officer

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