SEC Contract Filing

Filing Date: 2015-01-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10-3.htm
<DESCRIPTION>AMENDMENT NO. 4 TO THE A&R CREDIT AGREEMENT
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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-size: 10pt">Chef&rsquo;s Warehouse
8-K</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-size: 10pt">Exhibit 10-3</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>EXECUTION
COPY</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">AMENDMENT
NO. 4</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dated
as of January 9, 2015</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">to</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">AMENDED
AND RESTATED CREDIT AGREEMENT</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">THIS
AMENDMENT NO. 4 (this &#8220;<U>Amendment</U>&#8221;) is made as of January 9, 2015 by and among Dairyland USA Corporation, a
New York corporation (&#8220;<U>Dairyland</U>&#8221;), The Chefs&#8217; Warehouse Mid-Atlantic, LLC, a Delaware limited liability
company (&#8220;<U>CW Mid-Atlantic</U>&#8221;), Bel Canto Foods, LLC, a New York limited liability company (&#8220;<U>Bel Canto</U>&#8221;),
The Chefs&#8217; Warehouse West Coast, LLC, a Delaware limited liability company (&#8220;<U>CW West Coast</U>&#8221;), and The
Chefs&#8217; Warehouse of Florida, LLC, a Delaware limited liability company (&#8220;<U>CW Florida</U>&#8221; and, together with
Dairyland, CW Mid-Atlantic, Bel Canto and CW West Coast, the &#8220;<U>Borrowers</U>&#8221;), the financial institutions listed
on the signature pages hereof and JPMorgan Chase Bank, N.A., as Administrative Agent (in such capacity, the &#8220;<U>Administrative
Agent</U>&#8221;) and as Collateral Agent (in such capacity, the &#8220;<U>Collateral Agent</U>&#8221;), under that certain Amended
and Restated Credit Agreement dated as of April 25, 2012, as amended and restated as of April 17, 2013, by and among the Borrowers,
the other Loan Parties party thereto, the Lenders, the Administrative Agent and the Collateral Agent (as amended, restated, supplemented
or otherwise modified from time to time, the &#8220;<U>Credit Agreement</U>&#8221;). Capitalized terms used herein and not otherwise
defined herein shall have the respective meanings given to them in the Credit Agreement.</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">WHEREAS,
the Borrowers have requested that the requisite Lenders and the Administrative Agent agree to certain amendments to the Credit
Agreement; and</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">WHEREAS,
the Borrowers, the Lenders party hereto and the Administrative Agent have so agreed on the terms and conditions set forth herein;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">NOW,
THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrowers, the Lenders party hereto and the Administrative
Agent hereby agree to enter into this Amendment.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>Amendments to the Credit Agreement</U>. Effective as of the date
of satisfaction of the conditions precedent set forth in <U>Section 2</U> below, the parties hereto agree that the Credit Agreement
is hereby amended as follows:</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 4.5pt; text-align: justify; text-indent: 1in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The definition of &#8220;<U>Applicable Rate</U>&#8221; appearing in <U>Section 1.01</U> of the Credit Agreement is amended to
(w) delete each reference to &#8220;Leverage Ratio&#8221; appearing therein and replace each such reference with a reference to
&#8220;Total Leverage Ratio&#8221;, (x) replace each reference to &#8220;Category 3&#8