UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

DateofReport(Dateofearliesteventreported):December23,2016

DIVERSIFIED RESTAURANT HOLDINGS, INC.

(Nameofregistrantinitscharter)

Nevada

000-53577

03-0606420(Stateorotherjurisdictionof

incorporation)

(CommissionFileNumber)

(IRSEmployerIdentificationNo.)

27680FranklinRoadSouthfield,MI

48034

(Addressofprincipalexecutiveoffices)

Registrant'stelephonenumber:

(248)223-9160

ChecktheappropriateboxbelowiftheForm8-Kisintendedtosimultaneouslysatisfythefilingobligationoftheregistrantunderanyofthefollowingprovisions:

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WrittencommunicationspursuanttoRule425undertheSecuritiesAct

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SolicitingmaterialpursuanttoRule14a-12undertheExchangeAct

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Pre-commencementcommunicationspursuanttoRule14d-2(b)undertheExchangeAct

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Pre-commencementcommunicationspursuanttoRule13e-4(c)undertheExchangeAct

Item 1.01 Entry into a Material Definitive Agreement .

Bagger Dave’s Spin-Off

OnDecember25,2016,DiversifiedRestaurantHoldings,Inc.(“DRH”orthe“Company”)completedthepreviouslyannouncedtax-freespin-off(the“Spin-Off”)ofitsBaggerDave'sbusiness.Specifically,DRHhascompletedtheseparationofits100.0%ownedsubsidiary,AMCBurgers,Inc.andcertainrealestateentitiesintoastand-alone,publiclytradedcompanyontheover-the-counterexchangecalledBaggerDave'sBurgerTavern,Inc.,anewlycreatedNevadacorporation(“Bagger”).Inconnectionwiththespin-off,DRHcontributedtoBaggercertainassets,liabilities,andemployeescurrentlyrelatedtoitsBaggerDave'sbusinesses.Intercompanybalancesdueto/fromDRH,whichincludesamountsfromsales,werecontributedtoequity.Additionally,DRHcontributed$2millionincashtoBaggertoprovideworkingcapitalforBagger’soperations.

AspartoftheSpin-Off,BaggerenteredintoaTransitionalServicesAgreementwithDRH.TheTransitionalServicesAgreementsetsforththetermsonwhichDRHwillprovidetoBagger,andBaggerwillprovidetoDRH,onatransitionalbasis,certainservicesorfunctionsthatthecompanieshistoricallyhaveshared.Transitionserviceswillincludevariousadministrativeandinformationtechnologyservices.Theagreementprovidesfortheprovisionofcertainspecifiedtransitionservicesforaperiodnotlessthanoneyear.Duringthefirstyear,thereisnocompensationpayabletoDRHinconnectionwiththeservices.Thereafter,weexpectcompensationfortransitionserviceswillbebasedtotheextentpossible,onactualcostofprovidingtheservice.Theforegoingsummaryisqualifiedinitsentiretybyreferencetothefulltextoftheagreement,whichisattachedasExhibit10.1hereto.

ApressreleaseissuedbytheCompanyannouncingthecompletionoftheSpin-OffisincludedasExhibit99.1tothisCurrentReportonForm8-KandincorporatedintothisItem99.1byreference.

Amendment No. 4 to Credit Agreement and Limited Consent

OnDecember23,2016,DRHandcertainofitssubsidiariesenteredintoanamendmenttotheCompany’sprimarycreditfacilitywithCitizensBank,NationalAssociation,asadministrativeagent.TheamendmentreleasesallBaggerDave’sentitiesasloanpartiesfromthecreditagreement.Additionally,theamendmentreducesourdevelopmentlineofcreditto$5million,extendsitsmaturitybyoneyeartoJune29,2018,maintainsourrevolvinglineofcreditat$5million,eliminatestheclean-downprovisionsoftherevolverandprovidesfortheconversionofallexistingdevelopmentloansintotermloans.Theforegoingdescriptionoftheamendmenttothecreditagreementdoesnotpurporttobecompleteandisqualifiedinitsentiretybyreferencetothefulltextoftheamendment,whichhasbeenfiledasExhibit10.2hereto.

Item 2.01 Completion of Acquisition or Disposition of Assets.

OnDecember25,2016,theCompanycompletedtheSpin-OffofBaggerthroughdistributionof100.0%ofthesharesofcommonstockofBaggerDave’s(approximately27,195,241sharesofcommonstock)bywayofaproratadividendtotheCompany’sstockholders.EachDRHshareholderreceivedoneshareofBaggerDave’scommonstockforeveryshareofDRH’scommonstocktheshareholderownedasof5PM,EasternTime,onDecember19,2016.

Bagger’sbusinessconsistsofthesamebusinessthatusedtooperateasDRH’sBaggerDave’sBurgerTavern®businesssegment.Baggerisnowanindependentpubliccompanyanditscommonstocktradesunderthesymbol“BAGR”ontheover-the-countermarket.

ARegistrationStatementonForm10relatingtotheSpinoffwasfiledbyBaggerwiththeSecuritiesandExchangeCommissionandwasdeclaredeffectiveonDecember20,2016.DRHfiledaninformationstatement,datedDecember21,2016,withtheSECandbeganmailingtheinformationstatementtoDRHshareholdersonoraboutDecember27,2016.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

TheinformationcontainedinandincorporatedintoItem1.01aboveisherebyincorporatedintothisItem2.03byreference.

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Item 9.01 Financial Statement and Exhibits

(d) Exhibits Exhibit No. Description 10.1 TransitionServicesAgreement,datedasofDecember23,2016.

10.2 AmendmentNo.4toCreditAgreementandLimitedConsent,datedasofDecember23,2016

99.1 PressReleaseofDiversifiedRestaurantHoldings,Inc.DatedDecember27,2016,AnnouncingCompletionofSpin-OffofBaggerDave’sRestaurants

SIGNATURES

InaccordancewithSection13or15(d)oftheSecuritiesExchangeActof1934,theregistranthasdulycausedthisreporttobesignedonitsbehalfbytheundersigned,thereuntodulyauthorized.

DIVERSIFIED RESTAURANT

HOLDINGS, INC.

Dated:

December29,2016 By: /s/DavidG.Burke

Name: DavidG.Burke

Title: PresidentandChiefExecutiveOfficer

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EXHIBIT INDEX

Exhibit No. Description 10.1 TransitionServicesAgreement,datedasofDecember23,2016.

10.2 AmendmentNo.4toCreditAgreementandLimitedConsent,datedasofDecember23,2016

99.1 PressReleaseofDiversifiedRestaurantHoldings,Inc.DatedDecember27,2016,AnnouncingCompletionofSpin-OffofBaggerDave’sRestaurants

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Exhibit 10.1

TRANSITIONAL SERVICES AGREEMENT

THISAGREEMENTmadethis23rddayofDecember2016byandbetweenDIVERSIFIEDRESTAURANTHOLDINGS,INC.(“DRH”)andBAGGERDAVE’SBURGERTAVERN,INC.(“Bagger”).

WHEREAS,BaggerisawhollyownedsubsidiaryofDRH;and

WHEREAS,DRHwillspin-offBaggertoitsshareholdersonDecember25,2016(“SpinoffTransaction”);and

WHEREAS,BaggerusescertainservicesprovidedbyDRHorbythirdpartiesundercontracttoDRH;and

WHEREAS,thepartieswishthatDRHcontinuestoprovidecertainoftheseservicesforaperiodnotlessthanone(1)yearaftertheSpinoffTransactiononabasissubstantiallyconsistentwithDRH'srecenthistoricalpractice;and

WHEREASBagger desires to obtain the use of certain services fromDRHfor the purpose of enabling Bagger to manage an orderly transition in theoperationofitsBusiness;

NOW,THEREFORE,inconsiderationofthemutualcovenantsandagreementscontainedhereinandforothergoodandvaluableconsideration,thereceiptandsufficiencyofwhichareherebyacknowledged,thepartiesheretoagreeasfollows:

1. Definitions

1.1

"Business"shallmeantheoperationsofBaggerascurrentlyconducted,includingtheoperationsofeachofBagger’ssubsidiaries.

1.2

“TransitionalServices”shallmeanthesupportsuppliedbyDRHtoBagger,theuseofofficespaceandotherservices,includingthosesetforthinSchedules1.2and1.3,attachedhereto.

2. Provision of Services

2.1

SubjecttoArticle7hereof,DRHshallprovidetoBaggertheTransitionalServicesforaperiodofnotlessthanone(1)yearaftertheClosingDateoftheSpinoffTransaction.ItisunderstoodbythepartiesthatthequantityofservicestobeprovidedunderthisSection2.1shallbesubstantiallyconsistentwithrecenthistoricalpractices.WherethequantityofservicestobeprovidedtoBaggerbyDRHisgreaterthananamountthatissubstantiallyconsistentwithrecenthistoricalpractices, DRHreserves the right (after so advising Bagger) to utilize third-party providers to provide the services to Bagger, in which event DRHmaychargeBaggerforanyadditionalcostsassociatedwithsuchgreaterquantityofservices.

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2.2 DRH's obligation to deliver any service described in this Agreement is conditional upon DRHobtaining the consent, where necessary, of anyrelevant third party provider, provided, however, that if such consent cannot be obtained, the parties shall use their respective reasonable efforts to arrange foralternativemethodsofdeliveringsuchservice.

3. Pricing, Billing and Payment

3.1

AllTransitionalServiceslistedonSchedule1.2attachedheretoshallbeprovidedtoBaggeratnochargeforaperiodofone(1)yearfollowingtheClosingDateoftheSpin-offTransaction.Afterone(1)year,thepartiesshallnegotiatewhichserviceswillberequiredonanongoingbasis,andthefeesforsuchservicesshallbedeterminedbymutualagreementatthattime.

3.2

AllTransitionalServiceslistedonSchedule1.3attachedheretoshallbechargedtoandpayablebyBaggerattheactualcostofsuchservices.SuchchargesshallbebilledmonthlybyDRHandshallbepayableonthefifteenthdayofthemonthfollowingsuchbilling.

4. Warranty, Liability and Indemnity

4.1

DRHshallprovideTransitionalServicestoBaggerinamannerconsistentwiththemannertheyhaveheretoforebeenprovidedtoBaggerwhileitwasawhollyownedsubsidiaryofDRH.DRHmakesnootherwarranties,expressorimplied,withrespecttotheservicestobeprovidedtoBaggerhereunder.

4.2

DRH'smaximumliabilityto,andthesoleremedyof,BaggerforbreachofthisAgreementorotherwisewithrespecttoTransitionalServicesisarefund of the price paid for the particular service or, at the option of Bagger, a redelivery (or delivery) of the service, unless the breach arises out of the grossnegligenceorwillfulfailureofperformanceofDRH.

4.3

InnoeventshallDRHbeliabletoBaggerforanyconsequential,incidentalorspecialdamagessufferedbyBaggerarisingoutofthisAgreement,whetherresultingfromnegligenceofDRHorotherwise.

4.4 Bagger agrees to indemnify and hold DRHharmless from all demands, claims, actions or causes of action, judgments, assessments, leases orpenalties,damages,debts,expenses,losses,costsorliabilities(includinglegalfeesandexpensesandthecostofenforcingthisindemnity)sufferedbyDRHwhichariseoutoforresultfromtheBusinessbeforeoraftertheSpinoffTransaction.

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5. Force Majeure

DRHshallnotberesponsibleforfailureordelayindeliveryofanyTransitionalService,norshallBaggerberesponsibleforfailureordelayinreceivingsuchservice,ifcausedbyanactofGodorpublicenemy,war,governmentacts,regulationsororders,fire,flood,embargo,quarantine,epidemic,laborstoppagesorotherdisruptions,accident,unusuallysevereweatherorothercausesimilarordissimilar,beyondthecontrolofthedefaultingparty.

6. Proprietary Information and Rights

Eachpartyacknowledgesthattheotherpossesses,andwillcontinuetopossess,informationthathasbeencreated,discoveredordevelopedbythemand/orin which property rights have been assigned or otherwise conveyed to them, which information has commercial value and is not in the public domain. Theproprietaryinformationofeachpartywillbeandremainthesolepropertyofsuchpartyanditsassigns.Eachpartyshallusethesamedegreeofcarethatitnormallyusestoprotectitsownproprietaryinformationtopreventthedisclosuretothirdpartiesofinformationthatisproprietarytotheotherparty.NeitherpartyshallmakeanyuseoftheinformationoftheotherwhichhasbeenidentifiedasproprietaryexceptascontemplatedorrequiredbythetermsofthisAgreement.Notwithstandingtheforegoing,thisArticleshallnotapplytoanyinformationthatapartycandemonstrate:(a)was,atthetimeofdisclosuretoit,inthepublicdomainthroughnofault of suchparty; (b) wasreceivedafter disclosure to it fromathird partywhohada lawful right to disclose suchinformationto it; or (c) wasindependentlydevelopedbythereceivingparty.

7. Termination

7.1 This is a master agreement and shall be construed as a separate and independent agreement for each and every service provided under thisAgreement.AnyterminationofthisAgreementwithrespecttoanyserviceshallnotterminatethisAgreementwithrespecttoanyotherservicethenbeingprovidedpursuanttothisAgreement.

7.2

Beginningonthedatethatisone(1)yearfromtheClosingDate,uponten(10)days'writtennotice,DRHmayterminatethisAgreementwithrespecttoanyTransitionalServiceor,atitsoption,suspendperformanceofitsobligationswithrespectthereto,ineithercaseintheeventofthefailureofBaggertopayanyamount due hereunder within thirty (30) days of the date due uponanyother material breach byBagger of this Agreement with respect to such service, unlessBaggerisdisputingtheinvoiceingoodfaithorBaggershallhavepaidtheinvoiceorcuredsuchbreachwithintheten(10)daynoticeperiod.

7.3

AnyoneormoreoftheTransitionalServicesmaybeterminated(a)uponmutualagreementofBaggerandDRHor(b)atBagger'soptionuponsixty

(60) days' advance notice to DRH.All accrued andunpaid charges for Transitional Services shall be due andpayable upontermination of this Agreement withrespecttosuchservices.

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7.4

FollowinganyterminationofthisAgreement,eachpartyshallcooperateingoodfaithwiththeothertotransferand/orretainallrecords,prepareandfiletaxreturnsandtakeallotheractionsnecessarytoprovideDRHandBaggerandtheirrespectivesuccessorsandassignswithsufficientinformationintheformrequestedbyDRHorBagger,ortheirrespectivesuccessorsandassigns,asthecasemaybe,tomakealternativeservicearrangementssubstantiallyconsistentwiththosecontemplatedbythisAgreement.

8. No Implied Assignments or Licenses

NothinginthisAgreementistobeconstruedasanassignmentorgrantofanyright, title orinterest inanytrademark, copyright, designortradedress,patentrightorotherintellectualorindustrialpropertyright.

9. Relationship of Parties

ThepartiesareindependentcontractorsunderthisAgreement.Exceptasexpresslysetforthherein,neitherpartyhastheauthorityto,andeachpartyagreesthatit shallnot,directlyorindirectlycontractanyobligationsofanykindinthenameoforchargeableagainsttheotherpartywithoutsuchparty'spriorwrittenconsent.

10. Assignment and Delegation

NeitherpartytothisAgreementmayassignanyofitsrightsorobligationsunderthisAgreementwithoutthepriorwrittenconsentoftheotherpartyhereto.

11. Notices

Allnoticesorothercommunicationshereundershallbedeemedtohavebeendulygivenandmadeifinwritingand(a)ifservedbypersonaldeliveryuponthepartyforwhomitisintended,onthedaysodelivered;(b)ifmailedbyregisteredorcertifiedmail,returnreceiptrequested,onthethirdbusinessdayfollowingsuch mailing; (c) if deposited for delivery by a reputable courier service, on the business day following deposit with such courier; or (d) if sent by electronicfacsimiletransmission,onthedaythefacsimileistransmittedelectronically,orifnotabusinessday,thenextsucceedingbusinessdaytothepersonattheaddresssetforthbelow,orsuchotheraddressasmaybedesignatedinwritinghereafter,inthesamemanner,bysuchperson:

ToDRH:

DiversifiedRestaurantHoldings,Inc.

27680FranklinRoad

Southfield,MI48034

Attention:DavidBurke

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ToBagger: BaggerDave’sBurgerTavern,Inc.

807W.FrontStreet

SuiteB

TraverseCity,MI49684

Attention:MichaelAnsley

12. Entire Agreement

ThisAgreement,includingtheSchedules,containstheentireagreementbetweenthepartieswithrespecttothesubjectmatterhereofandsupersedesall

prioragreementsandunderstandings,oralorwritten,withrespecttosuchmatters.

13. Parties in Interest

This Agreement shall inure to the benefit of and be binding upon the parties and their respective successors and permitted assigns. Nothing in thisAgreement,expressorimplied,isintendedtoconferuponanyPersonotherthanDRHorBaggerortheirrespectivesuccessorsorpermittedassignsanyrightsorremediesunderorbyreasonofthisAgreement.

14. Governing Law; Submission to Jurisdiction

ThisAgreementshallbegovernedby,andconstruedinaccordancewith,thelawsoftheStateofMichiganwithoutregardtoconflictsoflawsprinciples.EachpartyheretoagreesthatitshallbringanyactionorproceedinginrespectofanyclaimarisingoutoforrelatedtothisAgreementorthetransactionscontainedin or contemplated by this Agreement, whether in tort or contract or at law or in equity, exclusively in the State of Michigan (the "Chosen Courts") and (a)irrevocablysubmitstotheexclusivejurisdictionoftheChosenCourts; (b)waivesanyobjectiontolayingvenueinanysuchactionorproceedingintheChosenCourts;(c)waivesanyobjectionthattheChosenCourtsareaninconvenientforumordonothavejurisdictionoveranypartyhereto;and(d)agreesthatserviceofprocessuponsuchpartyinanysuchactionorproceedingshallbeeffectiveifnoticeisgiveninaccordancewithSection11ofthisAgreement.

15. Amendment; Waiver

Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed, in the case of anamendment,byDRHandBagger,orinthecaseofawaiver,bythepartyagainstwhomthewaiveristobeeffective.Nofailureordelaybyanypartyinexercisinganyright,powerorprivilegehereundershalloperateasawaiverthereofnorshallanysingleorpartialexercisethereofprecludeanyotherorfurtherexercisethereofortheexerciseofanyotherright,powerorprivilege.

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INWITNESSWHEREOF,thepartiesheretohavecausedthisAgreementtobeexecutedanddeliveredbytheirdulyauthorizedofficersasofthedatefirstabovewritten.

DIVERSIFIED RESTAURANT HOLDINGS, INC.

By:/s/DavidBurke

Name:DavidBurke,ChiefExecutiveOfficer

BAGGER DAVE’S BURGER TAVERN, INC.

By:/s/MichaelAnsley

Name:MichaelAnsley,ChiefExecutiveOfficer

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Schedule 1.2 toTransitional Services Agreement

The term “Transitional Services” used in this Transitional Services Agreement for this purpose shall include, but will not be limited to, the following

services:InformationTechnologySupportServices;AccountingandAuditSupportandTransitionServices;Administrationofhealthandwelfarebenefitand401(k)plans;HumanResourceServices(payrollandbenefitsadministration,employeerelations);ConstructionServices;AdministrativeServices;RealEstateServices;andPurchasingServices.

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Schedule 1.3 toTransitional Services Agreement

Theterm“TransitionalServices”usedinthisTransitionalServicesAgreementforthispurposeshallinclude,butwillnotbelimitedto,thefollowing

services:

AdministrativefeesandcostallocationsrelatedtoBaggeremployees’participationinanyDRHhealthandwelfarebenefitplans;andAdministrativefeesandcostallocationsrelatedtoBaggeremployees’participationintheDRH401(k)plan.

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Exhibit 10.2

Execution Version

AMENDMENT NO. 4 TO CREDIT AGREEMENT AND LIMITED CONSENT

THISAMENDMENTNO.4TOCREDITAGREEMENTANDLIMITEDCONSENTdatedasofDecember23,2016(this“Amendment”),isamongDIVERSIFIEDRESTAURANTHOLDINGS,INC.,aNevadacorporation(“Holdings”anda“Guarantor”), eachoftheundersignedSubsidiariesofHoldingsidentified as a “Borrower” on the signature pages hereto (each, a “Borrower” and, collectively, the “Borrowers”), each of the undersigned Subsidiaries ofHoldingsidentifiedasa“Guarantor”onthesignaturepageshereto(each,a“Guarantor”andtogetherwithHoldings,collectively,the“Guarantors”),CITIZENSBANK,NATIONALASSOCIATION,initscapacityasadministrativeagent(insuchcapacity,the“AdministrativeAgent”),andeachoftheLenders(asdefinedbelow)partyhereto.

RECITALS:

A.

Holdings,theBorrowers,thelendersfromtimetotimepartythereto(collectively,the“Lenders”)andtheAdministrativeAgenthaveenteredintoaSecondAmendedandRestatedCredit Agreement datedas of June29, 2015(as amendedbyAmendment No. 1to Credit Agreement datedas of July27, 2015,Amendment No.2toCredit Agreement datedasof August 24, 2015, Amendment No. 3toCredit Agreement datedas of December 22, 2015, LimitedConsentdated as of October 19, 2016, and as may be further amended, restated, supplemented or otherwise modified from time to time, the “ Credit Agreement ”).CapitalizedtermsusedandnototherwisedefinedhereinshallhavethemeaningsascribedtothemintheCreditAgreement.

B.

HoldingsandtheBorrowershaverequestedthattheAdministrativeAgentandtheLenders(i)consenttothespin-offoftheBaggerDave’sEntities(asdefinedbelow),(ii)consenttothereleaseoftheBaggerDave’sEntitiesthatareLoanPartiesfromtheirobligationsundertheLoanDocuments,(iii)consentto(A)thepermanent reductionoftheDevelopment Commitment asset forthonrevisedSchedule1.1(c)attachedheretoinAnnexBand(B)theconversionofalloutstanding Development Loans into DF Term Loans in the amounts set forth on revisedSchedule 1.1(c) attached hereto inAnnex B , (iv) consent to certainInvestmentsincertainSubsidiariesthathavenotyetbecomeSubsidiaryGuarantorsand(v)amendcertainotherprovisionsoftheCreditAgreementassetforthintheCreditAgreementattachedheretoasAnnexA.

C.

Subjecttothetermsandconditionssetforthbelow,theAdministrativeAgentandtheLenderspartyheretohaveagreed(i)tograntsuchconsentsand(ii)tosoamendtheCreditAgreement.

Infurtheranceoftheforegoing,thepartiesagreeasfollows:

Section 1.

LIMITED CONSENT. NotwithstandinganyprovisionoftheCreditAgreementoranyotherLoanDocumenttothecontrary,butsubjecttothetermsandconditionssetforthhereinandinrelianceupontherepresentationsandwarrantiessetforthherein,eachoftheLendershereby(a)consentstothespin-offofeachoftheentitiesidentifiedonAnnexCattachedhereto(the“BaggerDave’sEntities”)totheshareholdersofHoldings(the“BaggerDave’sSpin-Off”)pursuant to the Form10attached hereto asAnnexD(as in effect on the Amendment No. 4 Effective Date (as defined below), the “Form10”),includingthefundingbyHoldingsofcertainBaggerDave’sEntitiesontheAmendmentNo.4EffectiveDateinanaggregateamountnottoexceed$2,000,000;providedthatthepartiesheretoagreethattheconsentsetforthinthisclause(a)doesnotincludeaconsenttoanyfundingdescribedin,orcontemplatedby,Form10byHoldingsofanyBaggerDave’sEntityaftertheconsummationoftheBaggerDave’sSpin-OffontheAmendmentNo.4EffectiveDate,whichdistributionfortheavoidanceofdoubt shall remain subject to the terms of the Credit Agreement and (b) consents to, and waives any Default occurring prior to the date hereof as a result of,Investments madeprior to thedate hereof bytheLoanParties in eachof AMCCapeCoral, Inc., a Florida corporation, andAMCSouthTampa, Inc., a Floridacorporation (such entities, collectively, the “ New Subsidiaries ”), so long as the Loan Parties comply with Sections 9.12 and 9.15with respect to the NewSubsidiarieswithinninety(90)daysfollowingtheAmendmentNo.4EffectiveDate(orsuchlaterdateasmaybepermittedbytheAdministrativeAgentinitssolediscretion).EachofthepartiesheretoacknowledgesandagreesthattheconsentsetforthinthisSection1islimitedtotheextentspecificallysetforthinthisSection2andnootherterms,covenantsorprovisionsoftheLoanDocumentsareintendedtobeaffectedhereby.

Section 2. AMENDMENTS. Subjecttothetermsandconditionssetforthherein,theCreditAgreementisherebyamendedasfollows:

(a)

TheCreditAgreementis,effectiveasoftheAmendmentNo.4EffectiveDate,herebyamendedtodeletethestrickentext(indicatedtextuallyinthesamemanner as the followingexample: strickentext) andto addthe double-underlined text (indicated textually in the samemanner as the followingexample:double-underlinedtext),eachassetforthinthepagesofaconformedcopyoftheCreditAgreementattachedasAnnexAhereto.

(b) Schedules1.1(c) ,1.1(d),8.8and8.12to the Credit Agreement are, effective as of the Amendment No. 4 Effective Date, hereby deleted and

replacedintheirentiretybythecorrespondingSchedules1.1(c) ,1.1(d),8.8and8.12totheCreditAgreementattachedheretoinAnnexBhereto,andSchedule1.1(e)totheCreditAgreementis,effectiveasoftheAmendmentNo.4EffectiveDate,herebyaddedtotheCreditAgreementbythecorrespondingSchedule1.1(e)totheCreditAgreementattachedheretoinAnnexBhereto.

(c)

ExhibitEtotheCreditAgreementis,effectiveasoftheAmendmentNo.4EffectiveDate,herebydeletedandreplacedinitsentiretybyExhibitEto

theCreditAgreementattachedheretoinAnnexFhereto.

Section 3.

RELEASE OF BAGGER DAVE’S ENTITIES AS LOAN PARTIES .

(a) (i) UpontheAmendment No.4Effective Date, eachof theBaggerDave’s Entities is herebyreleasedfromall of its obligations undertheLoan

Documents as a “Borrower” and/or a “Guarantor”, as applicable, and (ii) any and all Liens on the assets of the Bagger Dave Entities created pursuant to theCollateral Documents are hereby terminated and released (and the Administrative Agent and each Lender, on behalf themselves and their respective Affiliates,agreesthat,upontheAmendmentNo.4EffectiveDate,(A)theCollateralshallnolongersecureanySecuredCashManagementAgreementbetweenoramonganyBaggerDave’sEntityandanyCashManagementBankandanySecuredHedgeAgreementbetweenoramonganyBaggerDave’sEntityandanyHedgeBankand(B)anysuchSecuredCashManagementAgreementshallnolongerbeaSecuredCashManagementAgreementandanysuchSecuredHedgeAgreementshallnolongerbeaSecuredHedgeAgreement).EachoftheAdministrativeAgent,theBorrowersandtheGuarantorsherebyagreestoexecuteanddeliversuchreleasesandrelateddocumentsastheBaggerDaveEntitiesmayreasonablyrequestinordertoevidence,orgivepublicnoticeof,suchLientermination.

(b)

FortheavoidanceofdoubtandnotwithstandingthereleasesetforthinthisSection3,eachBorrowerherebyacknowledgesandagreesthat,onand

aftertheAmendmentNo.4EffectiveDate,alloftheoutstandingObligationsoftheBaggerDave’sEntities,includingwithoutlimitation,allExtensionsofCredit,ifany,borrowedby,oronbehalfof,anyBaggerDave’sEntity,shallremainObligationsoftheLoanPartiesonajointandseveralbasis.

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Section 4.

REDUCTION OF DEVELOPMENT FACILITY; CONVERSION OF DEVELOPMENT LOANS INTO DF TERM LOANS .

(a)

DevelopmentFacilityandDFTermLoanFacility.

(i) The parties hereto agree that, as of the Amendment No. 4 Effective Date, (A) the Development Commitments and DevelopmentCommitmentPercentagesshallbeassetforthontherevisedSchedule1.1(c)attachedheretoinAnnexB,(B)noAssignmentandAssumptionshallberequiredasaresultofanychangestotheDevelopmentCommitmentsandDevelopmentCommitmentPercentagesassetforthtoSchedule1.1(c)attachedheretoinAnnexB, (C) nofee shall be required to be paid pursuant toSection14.10(b)(iv)of theCredit Agreement as a result of anychangesto theDevelopment Commitments and Development Commitment Percentages as set forth to Schedule 1.1(c) attached hereto in Annex B and (D) theAdministrativeAgentmayusethisAmendmenttorecordtheDevelopmentCommitmentsandtheDevelopmentCommitmentPercentagesassetforthtoSchedule1.1(c)attachedheretoasAnnexB,togetherwithanyotherapplicableinformation,intheRegister.

(ii)

(A)

NotwithstandinganythingtothecontrarycontainedintheCreditAgreementoranyotherLoanDocument,thepartiesheretoagree

that,asoftheAmendmentNo.4EffectiveDate,alloutstandingDevelopmentLoansmadebyanyLendershallautomaticallybeconvertedintoDFTermLoansofsuchLenderhavinganoriginalprincipalamountequaltotheaggregateoutstandingprincipalamount(immediatelypriortoconversion)ofsuchLender’s Development Loans so converted (which amounts shall be set forth on revisedSchedule1.1(c)attached hereto inAnnexB) (suchDFTermLoans,the“ConvertedDFTermLoans”).

(B)

UnlesstheBorrowingAgentshallhavedeliveredaNoticeofBorrowingnotlaterthan2:00p.m.,three(3)BusinessDaysbeforethe

Amendment No. 4 Effective Date indicating that one or more of the Converted DF Term Loans should initially constitute LIBOR Rate Loans, upon suchconversion,eachConvertedDFTermLoanshallbeaBaseRateLoan.

(C)

AttachedheretoasAnnexEisanamortizationschedulewithrespecttotheConvertedDFTermLoans.

(D)

Thepartiesheretoagreethat,asoftheAmendmentNo.4EffectiveDate,allConvertedDFTermLoansshallbesubjecttotheterms

andconditionssetforthintheCreditAgreement,including,withoutlimitation,thetermsandconditionssetforthintheCreditAgreementwithrespecttoDFTermLoans.

(iii) Theparties hereto acknowledge andagree that (A) all Development Loans outstanding as of the first anniversary of the ClosingDate

shouldhavebeen,butwerenot,convertedintoDFTermLoansonsuchdatepursuanttothetermsoftheCreditAgreement,including,withoutlimitation,Section5.3oftheCreditAgreementand(B)asoftheAmendmentNo.4EffectiveDate,suchDevelopmentLoans(1)shallbeconvertedintoDFTermLoansinaccordancewithclause(ii)aboveand(2)shallbesubjecttoallofthetermsandconditionssetforthintheCreditAgreement,including,withoutlimitation,allofthetermsandconditionssetforthintheCreditAgreementwithrespecttoDFTermLoans.

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Section 5. CONDITIONS PRECEDENT. ThepartiesheretoagreethatthisAmendmentandtheconsent,theamendmentsandthereleasessetforthinSections1,2and3aboveshallbeeffectiveasofthedatefirstwrittenaboveupon(the“AmendmentNo.4EffectiveDate”):

(a)

theAdministrativeAgent’sreceiptofcounterpartsofthisAmendmentdulyexecutedbyeachBorrower,eachGuarantor,theAdministrativeAgent

andeachLender;

(b) thepayment bytheBorrowersof (i) all interest andfees, including, without limitation, all Development Facility Commitment Fees, whichhave

accruedontheDevelopmentLoansthroughandincludingtheAmendmentNo.4EffectiveDateand(ii)anyamountrequiredtobepaidpursuanttoSection6.10oftheCreditAgreementasaresultoftheconversionofDevelopmentLoansintoDFTermLoans(whichamountsshallbedeliveredtotheAdministrativeAgentfordistributiontotheapplicableLenders);

(c)

thepaymentbytheBorrowersofanamendmentfeetoeachLenderpartyheretointheamountof0.10%(10basispoints)ofsuchLender’sTotal

CreditExposure(aftergivingeffecttothisAmendment)(whichamountshallbedeliveredtotheAdministrativeAgentfordistributiontosuchLenders);

(d)

theAdministrativeAgentshallhavereceivedevidencethattheBaggerDave’sSpin-Offhasbeen,substantiallyconcurrentlywiththeAmendment

No.4EffectiveDate,consummatedinaccordancewiththeForm10;

(e) theAdministrativeAgentshall havereceivedall floodhazarddeterminationcertifications, executedacknowledgementsfromtheapplicableLoanPartiesandevidenceoffloodinsurance,andotherflood-relateddocumentationasrequiredbyLawandasreasonablyrequiredbytheAdministrativeAgent;and

(f) the payment by the Borrowers of all fees and expenses required to be paid to Citizens, its Affiliates and its counsel in connection with this

Amendment(includingestimatedfeesandexpenses),ineachcasewithoutprejudicetorightsofreimbursementatalaterdateforanyamountsnotsoinvoicedonorpriortothedatehereof.

Section 6. REPRESENTATIONS AND WARRANTIES.

(a)

InordertoinducetheAdministrativeAgentandtheLenderspartyheretotoenterintothisAmendment,HoldingsandeachBorrowerrepresentsand

warrantstotheAdministrativeAgentandtheLenderspartyheretoasfollows:

(i)

therepresentationsandwarrantiescontainedintheCreditAgreementandtheotherLoanDocumentsaretrueandcorrectonandasofthedate hereof, except to the extent that any such representation and warranty expressly relates to an earlier date, in which case such representation andwarrantyistrueandcorrectonandasofsuchearlierdateandexceptthat,forpurposesofthisAmendment,therepresentationsandwarrantiescontainedinSection8.5oftheCreditAgreementshallbedeemedtorefertothemostrecentstatementsfurnishedpursuanttoclauses(a)and(b)ofSection9.1oftheCreditAgreement.

(ii)

sinceDecember28,2015,therehasbeennoeventorcircumstance,eitherindividuallyorintheaggregate,thathashadorcouldreasonably

beexpectedtohaveaMaterialAdverseEffect.

(iii)

noDefaultorEventofDefaulthasoccurredandiscontinuingorwillexistaftergivingeffecttothisAmendment.

4

(b) In order to induce the Administrative Agent and the Lenders to enter into this Amendment, each Borrower and each Guarantor represents andwarrantstotheAdministrativeAgentandtheLendersthatthisAmendmenthasbeendulyauthorized,executedanddeliveredbyitandconstitutesitslegal,validandbindingobligation.

Section 7. MISCELLANEOUS.

(a) Ratification and Confirmation of Loan Documents . Each Borrower and each Guarantor hereby consents, acknowledges and agrees to the

amendments,consentandreleasessetforthhereinandherebyconfirmsandratifiesinallrespectstheLoanDocumentstowhichsuchPersonisaparty(includingwithout limitation, with respect to any Guarantor, the continuation of its payment and performance obligations under the Guaranty or the Subsidiary GuarantyAgreement, asthecasemaybe,and,withrespecttoeachBorrowerandeachGuarantor, thecontinuationandextensionoftheliensgrantedundertheCollateralDocumentstosecuretheObligations),ineachcaseuponandaftertheeffectivenessoftheamendments,consentsandreleasescontemplatedhereby.

(b)

Fees and Expenses . TheBorrowersshallpayondemandallreasonablecostsandexpensesoftheAdministrativeAgentinconnectionwiththepreparation,reproduction,execution,anddeliveryofthisAmendmentandanyotherdocumentspreparedinconnectionherewith,including,withoutlimitation,thereasonablefeesandout-of-pocketexpensesofcounselfortheAdministrativeAgent.

(c)

Governing Law; Waiver of Jury Trial .ThisAmendmentshallbegovernedby,andconstruedinaccordancewith,thelawsoftheStateofNewYork,andshallbefurthersubjecttotheprovisionsofSections14.5and14.6oftheCreditAgreement.

(d)

Counterparts .ThisAmendmentmaybeexecutedincounterparts(andbydifferentpartiesheretoindifferentcounterparts),eachofwhichshallconstitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of thisAmendmentbyfacsimileorinelectronic(i.e.,“pdf”or“tif”)formatshallbeeffectiveasdeliveryofamanuallyexecutedcounterpartofthisAmendment.

(e) Entire Agreement . This Amendment, together with all the Loan Documents (collectively, the “Relevant Documents ”), sets forth the entireunderstandingandagreementofthepartiesheretoinrelationtothesubjectmatterhereofandsupersedesanypriornegotiationsandagreementsamongthepartiesrelatingtosuchsubjectmatter.Nopromise,condition,representationorwarranty,expressorimplied,notsetforthintheRelevantDocumentsshallbindanypartyhereto,andnosuchpartyhasreliedonanysuchpromise,condition,representationorwarranty.Eachofthepartiesheretoacknowledgesthat,exceptasotherwiseexpresslystatedintheRelevantDocuments,norepresentations,warrantiesorcommitments,expressorimplied,havebeenmadebyanypartytotheother.NoneofthetermsorconditionsofthisAmendmentmaybechanged,modified,waivedorcanceledorallyorotherwiseexceptinawritingandinaccordancewithSection14.2oftheCreditAgreement.ThisAmendmentisaLoanDocument.

(f)

Enforceability .ShouldanyoneormoreoftheprovisionsofthisAmendmentbedeterminedtobeillegalorunenforceableastooneormoreofthepartieshereto,allotherprovisionsneverthelessshallremaineffectiveandbindingonthepartieshereto.

(g)

Successors and Assigns .ThisAmendmentshallbebindinguponandinuretothebenefitofeachBorrower,eachGuarantor,theAdministrativeAgent,eachLenderandtheirrespectivesuccessorsandassigns(subjecttoSection14.10oftheCreditAgreement).

5

[Remainder of Page Intentionally Left Blank; Signature Pages Follow]

6

INWITNESSWHEREOF,thepartiesheretohavecausedthisAmendmentNo.4toCreditAgreementandLimitedConsenttobeexecutedbytheirdulyauthorizedofficers,allasofthedateandyearfirstwrittenabove.

BORROWERS :

AMCADRIAN,INC.AMCBAGLEY,INC.AMCBIRCHRUN,INC.AMCCALUMETCITY,INC.AMCCHESTERFIELD,INC.AMCCHICAGO,INC.AMCCLEARWATER,INC.AMCCROWNPOINTINC.AMCDETROIT,INC.AMCFLINT,INC.AMCFT.MYERS,INC.AMCGRANDBLANC,INC.AMCHAMMONDINC.AMCHOBARTINC.AMCHOMEWOOD,INC.AMCLAKELAND,INC.AMCLANSING,INC.AMCLAPEER,INC.AMCLARGO,INC.AMCMARQUETTE,INC.AMCNORTHPORT,INC.AMCOLDSMAR,INC.AMCPETOSKEY,INC.AMCPINELLASPARK,INC.AMCPORTHURON,INC.AMCRIVERVIEW,INC.AMCROYALOAK,INC.AMCSARASOTA,INC.AMCSAULTSTE.MARIE,INC.AMCSCHERERVILLEINC.

By:/s/DavidG.Burke

Name:

DavidG.BurkeTitle:

Treasurer

DiversifiedRestaurantHoldingsAmendmentNo.4toCreditAgreementandLimitedConsent

SignaturePage

BORROWERS (continued) :

AMCTRAVERSECITY,INC.AMCTRINITY,INC.AMCTROY,INC.AMCVALPARAISOINC.AMCWARREN,LLCAMCWESLEYCHAPEL,INC.AMCYBOR,INC.ANKER,INC.ANNARBORBURGERS,INC.AVONBURGERS,INC.BEARCATENTERPRISES,INC.BERKLEYBURGERS,INC.BIRCHRUNBURGERS,INC.BLOOMFIELDBURGERS,INC.BRIGHTONBURGERS,INC.BUCKEYEGROUP,LLCBUCKEYEGROUPII,LLCCANTONBURGERS,INC.CASCADEBURGERS,INC.CHESTERFIELDTOWNSHIPBURGERS,INC.CROWNPOINTBURGERSINC.DETROITBURGERS,INC.DMMGROUP,LLCEASTLANSINGBURGERS,INC.FISHERSBURGERS,INC.FORTWAYNENORTHBURGERS,INC.FLYERENTERPRISES,INC.GRANDBLANCBURGERS,INC.GRANDRAPIDSBURGERS,INC.GRANDVILLEBURGERS,INC.GREENWOODBURGERS,INC.INDY/MICHIGANROADINC.MCAENTERPRISESBRANDON,INC.SCHERERVILLEBURGERS,INC.SHELBYTOWNSHIPBURGERS,INC.TERREHAUTEBURGERS,INC.TMAENTERPRISESOFNOVI,INC.TRAVERSECITYBURGERS,INC.TROYBURGERS,INC.WESTFIELDBURGERS,INC.WOODHAVENBURGERS,INC.

By:

/s/DavidG.BurkeName:

DavidG.BurkeTitle:

Treasurer

DiversifiedRestaurantHoldings

AmendmentNo.4toCreditAgreementandLimitedConsentSignaturePage

BORROWERS (continued) :

AMCBALLWIN,INC.AMCBELLEVILLE,INC.AMCBRENTWOOD,INC.AMCCHESTERFIELDMISSOURI,INC.AMCCOLUMBIA,INC.AMCCREVECOEURMISSOURI,INC.AMCEDWARDSVILLE,INC.AMCFENTONMISSOURI,INC.AMCJEFFERSONCITY,INC.AMCKIRKWOOD,INC.AMCLAKEOZARK,INC.AMCO’FALLONILLINOIS,INC.AMCO’FALLONMISSOURI,INC.AMCROLLA,INC.AMCST.CHARLES,INC.AMCST.LOUIS,INC.AMCST.PETERS,INC.AMCWENTZVILLE,INC.CENTERVILLEBURGERS,INC.WESTCHESTERTOWNSHIPBURGERS,INC.AMCBRADENTON,INC.AMCTYRONE,INC.WESTGRANDRAPIDSBURGERS,INC.

By:

/s/DavidG.BurkeName:

DavidG.BurkeTitle:

Treasurer

DiversifiedRestaurantHoldings

AmendmentNo.4toCreditAgreementandLimitedConsentSignaturePage

GUARANTORS:

DIVERSIFIEDRESTAURANTHOLDINGS,INC.

By:

/s/DavidG.BurkeName:

DavidG.Burke

Title:

PresidentandChiefExecutiveOfficer

AMCGROUP,INC.AMCWINGS,INC.BAGGERDAVE’SFRANCHISINGCORPORATIONAMCREALESTATE,INC.

By:

/s/DavidG.Burke

Name:

DavidG.Burke

Title:

Treasurer

AMCBURGERS,LLC(f/k/aAMCBurgers,Inc.)

By:

/s/DavidG.BurkeName:

Title:

DiversifiedRestaurantHoldingsAmendmentNo.4toCreditAgreementandLimitedConsent

SignaturePage

ADMINISTRATIVE AGENT / LENDERS:

CITIZENSBANK,NATIONALASSOCIATION,asAdministrativeAgent,LCIssuerandaLender

By:

/s/JosephPhilip

Name:

JosephPhilipTitle:

VicePresident

DiversifiedRestaurantHoldingsAmendmentNo.4toCreditAgreementandLimitedConsent

SignaturePage

BMOHARRISBANK,N.A.,asaLender

By:

/s/ElizabethKurtti

Name:

ElizabethKurtiiTitle:

Director

DiversifiedRestaurantHoldingsAmendmentNo.4toCreditAgreementandLimitedConsent

SignaturePage

FIFTHTHIRDBANK,asaLender

By:

/s/EugeneChang

Name:

EugeneChangTitle:

VicePresident

DiversifiedRestaurantHoldingsAmendmentNo.4toCreditAgreementandLimitedConsent

SignaturePage

REGIONSBANK,asaLender

By:

/s/JayR.Goldstein

Name:

JayR.GoldsteinTitle:

ManagingDirector

DiversifiedRestaurantHoldings

AmendmentNo.4toCreditAgreementandLimitedConsentSignaturePage

BANKOFAMERICA,N.A.,asaLender

By:

/s/ChristopherJ.Addison

Name:

ChristopherJ.AddisonTitle:

SVP

DiversifiedRestaurantHoldingsAmendmentNo.4toCreditAgreementandLimitedConsent

SignaturePage

THEHUNTINGTONNATIONALBANK,asaLender

By:

/s/KevinContat

Name:

KevinContatTitle:

Vice-President

DiversifiedRestaurantHoldings

AmendmentNo.4toCreditAgreementandLimitedConsentSignaturePage

AnnexA

AmendedCreditAgreement

See attached.

ANNex A to AmeNdmeNt No. 4

PublishedCUSIPNumber:25532NAA1

RevolvingCreditCUSIPNumber:25532NAB9

TermLoanCUSIPNumber:25532NAC7

DevelopmentFacilityCUSIPNumber:25532NAD5

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

DatedasofJune29,2015,

byandamong

DIVERSIFIED RESTAURANT HOLDINGS, INC. ,asHoldingsandasaGuarantor,

EACH OF THE SUBSIDIARIES OF HOLDINGS PARTY HERETO ,

asBorrowers,

THE LENDERS REFERRED TO HEREIN ,asLenders,

and

CITIZENS BANK, NATIONAL ASSOCIATION ,

asAdministrativeAgentandLCIssuer

CITIZENS BANK, NATIONAL ASSOCIATIONand

BMO CAPITAL MARKETS ,

asJointLeadArrangersandJointBookrunners

BMO HARRIS BANK, N.A. ,

asSyndicationAgent

FIFTH THIRD BANKand

REGIONS BANK ,asco-DocumentationAgent

TABLE OF CONTENTS

Page

ARTICLEI

DEFINITIONS 1

SECTION1.1 AmendmentandRestatement 1SECTION1.2 Definitions 3SECTION1.3 RulesofInterpretation;OtherDefinitions 32SECTION1.4 Rounding 33SECTION1.5 ReferencestoAgreementandLaws 33SECTION1.6 TimesofDay 33SECTION1.7 LetterofCreditAmounts 33

ARTICLEII

REVOLVINGCREDITFACILITY 33

SECTION2.1 RevolvingCreditLoans 33SECTION2.2 ProcedureforAdvancesofRevolvingCreditLoans 34SECTION2.3 RepaymentandPrepaymentofRevolvingCreditLoans 34SECTION2.4 PermanentReductionoftheRevolvingCreditCommitment 35SECTION2.5 TerminationofRevolvingCreditFacility 36

ARTICLEIII

LETTEROFCREDITFACILITY 36

SECTION3.1 LCCommitment 36SECTION3.2 ProcedureforIssuanceofLettersofCredit 36SECTION3.3 CommissionsandOtherCharges 37SECTION3.4 LCParticipations 37SECTION3.5 ReimbursementObligationoftheBorrowers 38SECTION3.6 ObligationsAbsolute 39SECTION3.7 EffectofLetterofCreditApplication 39SECTION3.8 LettersofCreditIssuedforSubsidiaries 39

ARTICLEIV

TERMLOANFACILITY 40

SECTION4.1 TermLoan 40SECTION4.2 ProcedureforAdvanceofTermLoans 40SECTION4.3 RepaymentofTermLoans 40SECTION4.4 PrepaymentsofTermLoans 40

ARTICLEV

DEVELOPMENTFACILITYANDDFTERMLOANFACILITY 41

SECTION5.1 DevelopmentLoans 41SECTION5.2 ProcedureforAdvancesofDevelopmentLoans 42SECTION5.3 ConversionofDevelopmentLoanstoDFTermLoans;ReductionofDevelopmentCommitments 42SECTION5.4 RepaymentandPrepaymentofDevelopmentLoansandDFTermLoans 42SECTION5.5 PermanentReductionoftheDevelopmentCommitment 43SECTION5.6 TerminationofDevelopmentFacility 44

ARTICLEVI

GENERALLOANPROVISIONS 44

SECTION6.1 MandatoryPrepayments 44SECTION6.2 Interest 46SECTION6.3 NoticeandMannerofConversionorContinuationofLoans 48SECTION6.4 Fees 48

-i-

TABLE OF CONTENTS(continued)

Page

SECTION6.5 MannerofPayment 49SECTION6.6 EvidenceofIndebtedness 49SECTION6.7 SharingofPaymentsbyLenders 50SECTION6.8 AdministrativeAgent’sClawback 50SECTION6.9 ChangedCircumstances 51SECTION6.10 Indemnity 52SECTION6.11 IncreasedCosts 52SECTION6.12 Taxes 54SECTION6.13 MitigationObligations;ReplacementofLenders 57SECTION6.14 CashCollateral 58SECTION6.15 DefaultingLenders 59SECTION6.16 BorrowingAgent;JointandSeveralLiability;Borrowers’WaiversandConsents 60

ARTICLEVII

CONDITIONSOFCLOSINGANDBORROWING 64

SECTION7.1 ConditionstoEffectiveness 64SECTION7.2 ConditionstoAllExtensionsofCredit 67SECTION7.3 ConditionstoDevelopmentLoans 67

ARTICLEVIII

REPRESENTATIONSANDWARRANTIES 68

SECTION8.1 Existence,QualificationandPower 68SECTION8.2 Authorization;NoContravention 68SECTION8.3 ConsentsandApprovals 68SECTION8.4 BindingEffect 68SECTION8.5 FinancialStatements;NoMaterialAdverseEffect 69SECTION8.6 Litigation 69SECTION8.7 NoDefault 69SECTION8.8 OwnershipofProperty;Liens 69SECTION8.9 EnvironmentalCompliance 70SECTION8.10 Taxes 70SECTION8.11 ERISACompliance 70SECTION8.12 Subsidiaries 71SECTION8.13 Disclosure 71SECTION8.14 CompliancewithLaws 71SECTION8.15 MarginRegulations;InvestmentCompanyAct,Etc 72SECTION8.16 Solvency 72SECTION8.17 IntellectualProperty;Licenses,Etc 72SECTION8.18 FranchiseDocuments 72SECTION8.19 OFAC 72SECTION8.20 Anti-CorruptionLaws 72

ARTICLEIX

AFFIRMATIVECOVENANTS 73

SECTION9.1 FinancialStatements;Budget 73SECTION9.2 Certificates;OtherInformation 73SECTION9.3 Notices 75SECTION9.4 PaymentofObligations 75SECTION9.5 PreservationofExistence,Etc 76

-ii-

TABLE OF CONTENTS(continued)

Page

SECTION9.6 MaintenanceofProperties 76SECTION9.7 MaintenanceofInsurance 76SECTION9.8 ComplianceWithLaws 76SECTION9.9 BooksandRecords 76SECTION9.10 InspectionRights 77SECTION9.11 UseofProceeds 77SECTION9.12 NewSubsidiaries 77SECTION9.13 FurtherAssurances 78SECTION9.14 CompliancewithFranchiseDocumentsandLeases 79SECTION9.15 NewRestaurantsandUnitLocations 79SECTION9.16 Anti-CorruptionLaws 80

ARTICLEX

NEGATIVECOVENANTS 80

SECTION10.1 Liens 80SECTION10.2 Investments 82SECTION10.3 Indebtedness 82SECTION10.4 FundamentalChanges 83SECTION10.5 Dispositions 83SECTION10.6 ChangeinNatureofBusiness 84SECTION10.7 TransactionsWithAffiliates 84SECTION10.8 MarginRegulations 84SECTION10.9 BurdensomeAgreements 84SECTION10.10 Acquisitions 84SECTION10.11 Dissolution,Etc 84SECTION10.12 SaleandLeasebackTransactions 85SECTION10.13 AmendmentofCertainAgreements 85SECTION10.14 Distributions 85SECTION10.15 AccountingChanges 85SECTION10.16 RestaurantClosures 85SECTION10.17 FinancialCovenants 86SECTION10.18 DevelopmentofBaggerDave’sLegendaryBurgerTavernRestaurants 86SECTION10.19 Sanctions 87SECTION10.20 Anti-CorruptionLaws 87SECTION10.21 Post-ClosingDeliveries 87SECTION10.22 RestrictionsonInactiveSubsidiaries 87

ARTICLEXI

DEFAULTANDREMEDIES 87

SECTION11.1 EventsofDefault 87SECTION11.2 Remedies 89SECTION11.3 RightsandRemediesCumulative;Non-Waiver;Etc 90SECTION11.4 CreditingofPaymentsandProceeds 91SECTION11.5 AdministrativeAgentMayFileProofsofClaim 91SECTION11.6 CreditBidding 92

ARTICLEXII

THEADMINISTRATIVEAGENT 92

SECTION12.1 AppointmentandAuthority 92

-iii-

TABLE OF CONTENTS(continued)

Page

SECTION12.2 RightsasaLender 93SECTION12.3 ExculpatoryProvisions 93SECTION12.4 ReliancebytheAdministrativeAgent 94SECTION12.5 DelegationofDuties 94SECTION12.6 ResignationorRemovalofAdministrativeAgent 95SECTION12.7 Non-RelianceonAdministrativeAgentandOtherLenders 96SECTION12.8 NoOtherDuties,Etc 96SECTION12.9 CollateralandGuarantyMatters 96SECTION12.10 SecuredHedgeAgreementsandSecuredCashManagementAgreements 97

ARTICLEXIIIGUARANTY 97

SECTION13.1 Guaranty 97SECTION13.2 Payment 98SECTION13.3 AbsoluteRightsandObligations 98SECTION13.4 CurrencyandFundsofPayment 99SECTION13.5 EventsofDefault 99SECTION13.6 Subordination 99SECTION13.7 Suits 100SECTION13.8 Set-OffandWaiver 100SECTION13.9 WaiverofNotice;Subrogation 100

ARTICLEXIVMISCELLANEOUS 101

SECTION14.1 Notices 101SECTION14.2 Amendments,WaiversandConsents 103SECTION14.3 Expenses;Indemnity 105SECTION14.4 RightofSetoff 107SECTION14.5 GoverningLaw;Jurisdiction,Etc 107SECTION14.6 WaiverofJuryTrial 108SECTION14.7 ReversalofPayments 108SECTION14.8 InjunctiveRelief 108SECTION14.9 AccountingMatters 108SECTION14.10 SuccessorsandAssigns;Participations 109SECTION14.11 TreatmentofCertainInformation;Confidentiality 113SECTION14.12 PerformanceofDuties 113SECTION14.13 AllPowersCoupledwithInterest 113SECTION14.14 Survival 113SECTION14.15 SeverabilityofProvisions 114SECTION14.16 Counterparts;Integration;Effectiveness;ElectronicExecution 114SECTION14.17 TermofAgreement 114SECTION14.18 AuthorizationtoConductDueDiligencewithThirdParties 114SECTION14.19 USAPATRIOTAct 115SECTION14.20 IndependentEffectofCovenants 115SECTION14.21 InconsistencieswithOtherDocuments 115SECTION14.22 Keepwell 115SECTION14.23 NoAdvisoryorFiduciaryResponsibility 116SECTION14.24 Advertising,PromotingandMarketing 117SECTION14.25 ReleaseofAMCCantonRealEstateasaBorrower 117

-iv-

EXHIBITS:

ExhibitA - FormofNoticeofBorrowingExhibitB - FormofNoticeofAccountDesignationExhibitC - FormofNoticeofPrepaymentExhibitD - FormofNoticeofConversion/ContinuationExhibitE - FormofComplianceCertificateExhibitF - FormofAssignmentandAssumptionExhibitG-1 - FormofU.S.TaxComplianceCertificate(Non-PartnershipForeignLenders)ExhibitG-2 - FormofU.S.TaxComplianceCertificate(Non-PartnershipForeignParticipants)ExhibitG-3 - FormofU.S.TaxComplianceCertificate(ForeignParticipantPartnerships)ExhibitG-4 - FormofU.S.TaxComplianceCertificate(ForeignLenderPartnerships)ExhibitH - FormofBorrowerJoinderAgreementExhibitI - FormofDevelopmentCostsCertificate

SCHEDULES:Schedule1.1(a) - TermLoanCommitmentsandTermLoanPercentagesSchedule1.1(b) - RevolvingCreditCommitmentsandRevolvingCreditPercentagesSchedule1.1(c) - DevelopmentCommitmentsandDevelopmentPercentagesSchedule1.1(d) - AdjustmentstoConsolidatedEBITDAandConsolidatedThirdPartyRentSchedule 1.1(e) - Bagger Dave’s Legendary Burger Tavern Restaurant Guaranteed LeasesSchedule4.3(a) - TermLoanAmortizationScheduleSchedule8.8 - RealPropertyandUnitLocationsSchedule8.12 - SubsidiariesSchedule8.18 - FranchiseDocumentsSchedule10.1 - ExistingLiensSchedule10.2 - ExistingInvestmentsSchedule10.3 - ExistingIndebtednessSchedule10.21 - Post-ClosingDeliveries

-v-

SECOND AMENDED AND RESTATED CREDIT AGREEMENT

THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated as of June 29, 2015, by and among DIVERSIFIED RESTAURANTHOLDINGS,INC.,aNevadacorporation(“Holdings”),EACHOFTHEUNDERSIGNEDSUBSIDIARIESOFHOLDINGSANDEACHOTHERSUBSIDIARYOF HOLDINGS WHO SHALL BECOME A PARTY HERETO PURSUANT TO A BORROWER JOINDER AGREEMENT (each, a “ Borrower ” and,collectively, the “ Borrowers ”), each lender from time to time part hereto (each, a “ Lender ” and, collectively, the “ Lenders ”) and CITIZENS BANK,NATIONALASSOCIATION,asAdministrativeAgentandLCIssuer.

WHEREAS,theBorrowerspartythereto(the“ExistingBorrowers”),thelenderspartythereto(the“ExistingLenders”)andtheAdministrativeAgententeredintoanAmendedandRestatedCreditAgreementdatedasofDecember16,2014(asamendedpriortothedatehereof,the“ExistingCreditAgreement”),pursuant to which the Existing Lenders have made available to the Existing Borrowers a term loan facility, a revolving credit facility and a development loanfacility;

WHEREAS, Holdings has entered into an Unlimited Guaranty dated as of December 16, 2014 (as amended prior to the date hereof, the “ ExistingHoldingsGuaranty”),pursuanttowhichHoldingsguaranteed,amongotherthings,allobligationsarisingunder,orrelatedto,theExistingCreditAgreement;and

WHEREAS, the Borrowers have requested that the Administrative Agent, the Lenders and the LC Issuer consolidate, amend and restate each of theExistingCreditAgreementandtheExistingHoldingsGuarantyassetforthherein;

NOW,THEREFORE,theBorrowers,theAdministrativeAgent,theLendersandtheLCIssuer,subjecttothetermsandconditionssetforthherein,herebyconsolidate,amendandrestateeachoftheExistingCreditAgreementandtheExistingHoldingsGuarantyandagreeasfollows:

ARTICLEI

DEFINITIONS

SECTION1.1

AmendmentandRestatement.InordertofacilitatetheamendmentandrestatementcontemplatedbythisAgreementandotherwiseto

effectuatethedesiresofHoldings,theBorrowers,theAdministrativeAgent,theLCIssuerandtheLendersagreethat:

(a)

SimultaneouslywiththeClosingDateandaftergivingeffecttoanyassignmentsontheClosingDatefromExistingLenderswhoelectnottobecomeLendersunderthisAgreement,thepartiesherebyagreethat:

(i)

theTermLoanCommitmentsandTermLoanPercentagesshallbeassetforthonSchedule1.1(a),andtheoutstandingprincipalamountofthe Term Loan, the Line Advances and Swingline Loans (as each such term is defined in the Existing Credit Agreement) under the Existing CreditAgreementshallbeconsolidatedandreallocatedasoutstandingTermLoanshereunderinaccordancewithsuchTermLoanPercentagesandtherequisiteassignmentsshallbedeemedtobemadeinsuchamountsamongtheLendersandfromeachLendertoeachotherLender,withthesameforceandeffectasif such assignments were evidenced by an Assignment and Assumption (as defined in the Existing Credit Agreement) under the Existing CreditAgreement,butwithoutthepaymentofanyrelatedassignmentfee;

(ii) the Revolving Credit Commitments and Revolving Credit Commitment Percentages shall be as set forth onSchedule1.1(b) ,andtheoutstandingprincipalamountofRevolverAdvances(asdefinedintheExistingCreditAgreement),ifany,undertheExistingCreditAgreementshallbereallocatedasRevolvingCreditLoanshereunderinaccordancewiththeRevolvingCreditCommitmentPercentagesandallrequisiteassignmentsshallbedeemedtobemadeinsuchamountsamongtheLendersandfromeachLendertoeachotherLender,withthesameforceandeffectasifsuchassignmentswereevidencedbyanAssignmentandAssumption(asdefinedintheExistingCreditAgreement)undertheExistingCreditAgreement, butwithoutthepaymentofanyrelatedassignmentfee;and

(iii)

theDevelopmentCommitmentsandDevelopmentCommitmentPercentagesshallbeassetforthonSchedule1.1(c),andtheoutstanding

principal amount of Line Advances and Swingline Loans (as each such term is defined in the Existing Agreement), if any, under the Existing CreditAgreementshallbereallocatedasoutstandingTermLoanshereunderassetforthintheforegoingclause(i)andallrequisiteassignmentsshallbedeemedtobemadeinsuchamountsamongtheLendersandfromeachLendertoeachotherLender,withthesameforceandeffectasifsuchassignmentswereevidencedbyanAssignmentandAssumption(asdefinedintheExistingCreditAgreement)undertheExistingCreditAgreement,butwithoutthepaymentofanyrelatedassignmentfee.

(b)

Thepartiesheretoherebyconsenttoallassignments,reallocationsandotherchangeswithrespecttotheCommitments,LoansandCommitment

PercentageseffectedpursuanttoSection1.1(a)and,subjecttoArticleVII,waiveanyrequirementforanyotherdocumentorinstrument,includinganyAssignmentandAssumption(asdefinedintheExistingCreditAgreement)undertheExistingCreditAgreementoranyAssignmentandAssumptionhereunder,necessarytogiveeffecttoanysuchassignments,reallocationsorotherchanges.OntheClosingDatetheapplicableLendersshallmakefullcashsettlementwithoneanother,asthe Administrative Agent may direct or approve, with respect to all assignments, reallocations and other changes in Commitments and outstanding Loanscontemplated bythisSection1.1, suchthat after giving effect to suchsettlements each Lender shall have fundedits applicable Commitment Percentage of theoutstandingamountofallLoans.

(c)

ThepartiesheretoherebyagreethatupontheeffectivenessofthisAgreement,thetermsandprovisionsofeachoftheExistingCreditAgreementandtheExistingHoldingsGuarantywhichinanymannergovernorevidencetheobligationsarisinghereunder,therightsandinterestsoftheAdministrativeAgent,theLCIssuerandtheotherLendersandanyterms,conditionsormattersrelatedtoanythereof,shallbeandherebyareamendedandrestatedintheirentiretybytheterms,conditionsandprovisionsofthisAgreement, andthetermsandprovisionsofeachoftheExistingCreditAgreementandtheExistingHoldingsGuaranty,exceptasotherwiseexpresslyprovidedherein,shallbesupersededbythisAgreement.

(d)

NotwithstandingthisamendmentandrestatementoftheExistingCreditAgreementandtheExistingHoldingsGuaranty(includinganythinginthisSection1.1)andtheamendmentandrestatementofanyrelated“LoanDocument”(assuchtermisdefinedintheExistingCreditAgreementandreferredtoherein,individuallyorcollectively,asthe“ExistingLoanDocuments”),(i)alloftheindebtedness,liabilitiesandobligationsowingbytheExistingBorrowers,Holdings,anyotherLoanPartyoranyotherPersonundertheExistingCreditAgreementandtheotherExistingLoanDocuments(assoamendedandrestated)shallcontinueasobligationshereunderandthereunder,asthecasemaybe,andshallbeandremainsecuredbytheCollateralDocuments;and(ii)thisAgreementandtheotherLoan Documents amended and restated herewith are given as renewals, extensions, modifications, amendments and substitutions of, and not as a novation,discharge,terminationorpaymentof,theindebtedness,liabilitiesandobligationsoftheExistingBorrowers,HoldingsandtheotherLoanPartiesundertheExistingCredit Agreement or any Existing Loan Document, and neither the execution and delivery of this Agreement nor the consummation of any other transactioncontemplatedhereunderisintendedtoconstituteanovation,discharge, terminationorpaymentoftheExistingCredit AgreementorofanyoftheotherExistingLoanDocumentsoranyobligationsthereunder.

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SECTION1.2

Definitions.ThefollowingtermswhenusedinthisAgreementshallhavethemeaningsassignedtothembelow:

“Acquisition”means(a)theacquisitionofaControllingEquityInterestinanotherPerson,whetherbypurchaseofsuchEquityInterest,theexerciseofanoptionorwarrantfor,orconversionofsecuritiesinto,suchEquityInterest,orotherwise,ineachcasecausinganyPersontobecomeaSubsidiary,(b)theacquisitionof(i)theassetsofanotherPerson(otherthanaPersonthatisaSubsidiary)whichconstituteallorsubstantiallyalloftheassetsofsuchPersonorofalineorlinesofbusinessconductedbysuchPersonor(ii)anyrestaurantofanotherPerson(otherthanaPersonthatisaSubsidiary);providedthatthisclause(b)shallnotincludetheconstructionofanewrestaurantorenteringintoaleaseforthepurposeofthedevelopmentofanewrestaurant,or(c)amergerorconsolidationoranyothercombination with another Person (other than a Person that is a Subsidiary) provided that a Person that is a Subsidiary (after giving effect to such merger,consolidationorothercombination)isthesurvivingentity.

“AdministrativeAgent”meansCitizens,initscapacityasAdministrativeAgenthereunder,andanysuccessortheretoappointedpursuanttoSection12.6.

“AdministrativeAgent’sOffice”meanstheofficeoftheAdministrativeAgentspecifiedinordeterminedinaccordancewiththeprovisionsofSection14.1(c).

“AdministrativeQuestionnaire”meansanadministrativequestionnaireinaformsuppliedbytheAdministrativeAgent.

“Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or isControlledbyorisundercommonControlwiththePersonspecified.

“Agreement”meansthisSecondAmendedandRestatedCreditAgreement.

“AmendmentNo.3EffectiveDate”meansDecember22,2015.

“AmendmentNo.3SpecifiedRestaurants”means(a) theBaggerDave’sLegendaryBurgerTavernRestaurantslocatedat (i) 9646E.Hwy36,Avon,Indiana,(ii)8840N.MichiganRoad,Suite111,Indianapolis,Indiana,(iii)5221NoggleWay,Indianapolis,Indiana,(iv)2740E.146thStreet,Carmel,Indiana,(v)13204 Market Square Drive, Suite 102, Fishers, Indiana, (vi) 1224 Randolph, Detroit, Michigan, (vii) 241 W. Fulton, Grand Rapids, Michigan, (viii) 1090 USHighway 41, Schererville, Indiana and (ix) 10755 Broadway, CrownPoint, Indiana and (b)Restaurant” means the Buffalo Wild Wings Restaurant located at13416BoyetteRoad,Riverview(FishHawk),Florida.

“Amendment No. 4” means that certain Amendment No. 4 to Credit Agreement and Limited Consent dated as of the Amendment No. 4 EffectiveDate.

“Amendment No. 4 Effective Date” means December 23, 2016.

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“ApplicableExcessCashFlowPercentage”means,foranyFiscalYear,(a)50%iftheConsolidatedLease-AdjustedLeverageRatioasoftheendofsuchFiscalYearisgreaterthanorequalto5.00to1.00,(b)25%iftheConsolidatedLease-AdjustedLeverageRatioasoftheendofsuchFiscalYearislessthan5.00to1.00butgreaterthanorequalto4.00to1.00and(c)0%iftheConsolidatedLease-AdjustedLeverageRatioasoftheendofsuchfiscalyearislessthan4.00to1.00.

“ApplicableLaw” means all applicable provisions of constitutions, laws, statutes, ordinances, rules, treaties, regulations, permits, licenses, approvals,interpretationsandordersofGovernmentalAuthoritiesandallordersanddecreesofallcourtsandarbitrators.

“ApplicableMargin”meansthecorrespondingpercentagesperannumassetforthbelowbasedontheConsolidatedLease-AdjustedLeverageRatio:

PricingLevel

Consolidated Lease-AdjustedLeverage Ratio

LIBOR Loans / Letterof Credit Commissions

Base RateLoans

I Greaterthanorequalto5.00to1.00 3.50% 2.50%II Greaterthanorequalto4.50to1.00,butlessthan5.00to1.00 3.25% 2.25%III Greaterthanorequalto4.00to1.00,butlessthan4.50to1.00 2.75% 1.75%IV Greaterthanorequalto3.50to1.00,butlessthan4.00to1.00 2.50% 1.50%V Lessthan3.50to1.00 2.25% 1.25%

TheApplicableMarginshallbedeterminedandadjustedquarterlyonthefifthBusinessDayaftereachdatetheBorrowingAgentprovidesaComplianceCertificaterequiredbySection9.2(a)forthemostrecentlyendedFiscalQuarterorFiscalYear,asthecasemaybe(eachsuchdateaComplianceCertificateisdelivered,an“Interest Determination Date ”); provided that (a) the Applicable Margin shall be based on Pricing Level I until the first Business Day after the InterestDetermination Date for the first full Fiscal Quarter ending after the Closing Date and, thereafter the Pricing Level shall be determined by reference to theConsolidated Lease-Adjusted Leverage Ratio as of the last day of the most recently ended Fiscal Quarter or Fiscal Year, as the case may be, preceding theapplicableInterestDeterminationDate,and(b)iftheBorrowingAgentfailstoprovidetheComplianceCertificatewhendueasrequiredbySection9.2(a)forthemost recently ended Fiscal Quarter or Fiscal Year, as the case may be, the Applicable Margin from the date such Compliance Certificate was required to bedeliveredpursuanttoSection9.2(a)shallbebasedonPricingLevelIuntilthefifthBusinessDayafterthedateanappropriateComplianceCertificateisprovided,onwhichdatethePricingLevelshallbedeterminedbyreferencetotheConsolidatedLease-AdjustedLeverageRatioasofthelastdayoftheFourQuarterPeriodreferred to in such Compliance Certificate. The applicable Pricing Level shall be effective from the fifth Business Day immediately following one InterestDetermination Date until the fifth Business Day immediately following the next Interest Determination Date. Any adjustment in the Pricing Level shall beapplicabletoallExtensionsofCreditthenexistingorsubsequentlymadeorissued.

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Notwithstanding the foregoing, in the event that any financial statement or Compliance Certificate delivered pursuant to Section 9.1or9.2(a)is shown to beinaccurate (regardless of whether (i) this Agreement is in effect, (ii) any Commitments are in effect, or (iii) any Extension of Credit is outstanding when suchinaccuracyisdiscoveredorsuchfinancialstatementorComplianceCertificatewasdelivered),andsuchinaccuracy,ifcorrected,wouldhaveledtotheapplicationofahigherApplicableMarginforanyperiod(an“ApplicablePeriod”)thantheApplicableMarginappliedforsuchApplicablePeriod,then(A)theBorrowingAgentshall immediatelydelivertotheAdministrativeAgentacorrectedComplianceCertificate forsuchApplicablePeriod,(B)theApplicableMarginforsuchApplicable Period shall be determined as if the Consolidated Lease-Adjusted Leverage Ratio in the corrected Compliance Certificate were applicable for suchApplicablePeriod,and(C)theBorrowers,jointlyandseverally,shallimmediatelyandretroactivelybeobligatedtopaytotheAdministrativeAgenttheaccruedadditional interest andfees owingas a result of suchincreasedApplicable Marginfor suchApplicable Period, whichpayment shall bepromptly applied bytheAdministrative Agent in accordance withSection6.5. Nothing in this paragraph shall limit the rights of the Administrative Agent and Lenders with respect toSections6.2(c)and11.2noranyoftheir otherrightsunderthisAgreementoranyotherLoanDocument. TheBorrowers’obligationsunderthisparagraphshallsurvivetheterminationoftheCommitmentsandtherepaymentofallotherObligationshereunder.

“ApprovedFund”meansanyFundthatisadministeredormanagedby(a)aLender,(b)anAffiliateofaLenderor(c)anentityoranAffiliateofanentitythatadministersormanagesaLender.

“Arrangers”means,collectively,CitizensandBMOCapitalMarkets,intheircapacitiesasjointleadarrangersundertheCreditFacility.

“AssignmentandAssumption”meansanassignmentandassumptionenteredintobyaLenderandanEligibleAssignee(withtheconsentofanypartywhoseconsentisrequiredbySection14.10),andacceptedbytheAdministrativeAgent,insubstantiallytheformattachedasExhibitForanyotherformapprovedbytheAdministrativeAgent.

“AttributableIndebtedness”means,onanydateofdetermination,(a)inrespectofanyCapitalLeaseofanyPerson,thecapitalizedamountthereofthatwould appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, and (b) in respect of any Synthetic Lease Obligation, thecapitalizedamountorprincipalamountoftheremainingleasepaymentsundertherelevantleasethatwouldappearonabalancesheetofsuchPersonpreparedasofsuchdateinaccordancewithGAAPifsuchleasewereaccountedforasaCapitalLease.

“BaggerDave’sLegendaryBurgerTavernRestaurant”meansanyBaggerDave’sLegendaryBurgerTavernrestaurantoperatedbyanyLoanPartyoranySubsidiary..

“Bagger Dave’s Legendary Burger Tavern Restaurant Guaranteed Lease” means any lease described on Schedule 1.1(e) with respect to whichHoldings has agreed to guarantee the payments required to be made thereunder by any Bagger Dave’s Legendary Burger Tavern Restaurant.

“Bagger Dave’s Legendary Burger Tavern Restaurant Spin-Off” means the spin-off of each of the entities identified on Annex C to AmendmentNo. 4 to the shareholders of Holdings pursuant to the Form 10 attached to Amendment No. 4 as Annex D (as in effect on the Amendment No. 4 EffectiveDate).

“Bagger Dave’s Legendary Burger Tavern Restaurant Spin-Off Distribution” means the one-time distribution on the Amendment No. 4 EffectiveDate in an aggregate amount not to exceed $2,000,000 made to the Bagger Dave’s Entities (as defined in Amendment No. 4) in connection with the BaggerDave’s Legendary Burger Tavern Restaurant Spin-Off and as contemplated by Section 1 of Amendment No. 4.

“BaseRate”means,atanytime,thehighestof(a)thePrimeRate,(b)theFederalFundsRateplus0.50%and(c)exceptduringanyperiodoftimeduringwhichanoticedeliveredtotheBorrowingAgentunderSection6.9(b)shallremainineffect,LIBORforanInterestPeriodofonemonthplus1%;eachchangeintheBaseRateshalltakeeffectsimultaneouslywiththecorrespondingchangeorchangesinthePrimeRate,theFederalFundsRateorLIBOR.

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“BaseRateLoan”meansanyLoanbearinginterestataratebasedupontheBaseRateasprovidedinSection6.2(a).

“BaselineFinancialStatements”meanstheauditedconsolidatedbalancesheetofHoldingsanditsSubsidiariesfortheFiscalYearendedDecember28,2014,andtherelatedconsolidatedstatementsofincomeoroperations,shareholders’equityandcashflowsforsuchFiscalYearofHoldingsanditsSubsidiaries,includingthenotesthereto.

“BDDevelopmentAdvance”meansDevelopmentLoanstheproceedsofwhichareusedtofinancethecostsofleaseholdimprovementsand/orequipmentassociatedwiththedevelopmentorrenovation/remodelingofaBaggerDave’sLegendaryBurgerTavernRestaurant.

“Borrower”and“Borrowers”havetherespectivemeaningsassignedtheretointheintroductoryparagraphofthisAgreement.

“BorrowerJoinderAgreement”meansaBorrowerJoinderAgreementsubstantiallyintheformattachedasExhibitH.

“BorrowerMaterials”hasthemeaningassignedtheretoinSection9.2.

“BorrowingAgent”meansHoldingsinitscapacityasborrowingagenthereunder.

“BuffaloWildWings”meansBuffaloWildWingsInternational,Inc.,anOhiocorporation,anditsSubsidiaries.

“BuffaloWildWingsRestaurant”meansanyBuffaloWildWingsrestaurantoperatedbyanyLoanPartyoranySubsidiary.

“BusinessDay”means(a)forallpurposesotherthanassetforthinclause(b)below,anydayotherthanaSaturday,SundayorlegalholidayonwhichbanksinBoston,MassachusettsandNewYork,NewYork,areopenfortheconductoftheircommercialbankingbusinessand(b)withrespecttoallnoticesanddeterminations in connection with, and payments of principal and interest on, any LIBOR Rate Loan, or any Base Rate Loan as to which the interest rate isdeterminedbyreferencetoLIBOR,anydaythatisaBusinessDaydescribedinclause(a)andthatisalsoaLondonBankingDay.

“ BWWDevelopment Advance ” means Development Loans the proceeds of which are used to finance the costs of leasehold improvements and/orequipmentassociatedwiththedevelopmentorrenovation/remodelingofaBuffaloWildWingsRestaurant.

“CapitalExpenditures”means,withrespecttoanyPersonforanyperiod,anyexpenditureinrespectofthepurchaseorotheracquisitionofanyfixedorcapitalasset(excludingnormalreplacementsandmaintenancewhichareproperlychargedtocurrentoperations).

“CapitalLease”meansallleasesthathavebeenorshouldbe,inaccordancewithGAAP,recordedascapitalizedleases.

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“CashCollateralize”means,topledgeanddepositwith,ordelivertotheAdministrativeAgent,ordirectlytotheLCIssuer(withnoticethereoftotheAdministrative Agent), for the benefit of one or more of the LC Issuer or the Lenders, as collateral for LC Obligations or obligations of the Lenders to fundparticipationsinrespectofLCObligations,cashordepositaccountbalancesor,iftheAdministrativeAgentandtheLCIssuershallagree,intheirsolediscretion,othercreditsupport,ineachcasepursuanttodocumentationinformandsubstancesatisfactorytotheAdministrativeAgentandtheLCIssuer.“CashCollateral”shallhaveameaningcorrelativetotheforegoingandshallincludetheproceedsofsuchcashcollateralandothercreditsupport.

“CashEquivalent”meanseachofthefollowing:(a)marketabledirectobligationsissuedorunconditionallyguaranteedbytheUnitedStatesoranyagencythereofmaturingwithinoneyearfromthedateofacquisitionthereof;(b)commercialpapermaturingnomorethanoneyearfromthedateofcreationthereofandcurrentlyhavingthehighest ratingobtainablefromeither S&PorMoody’s; (c) certificates of deposit maturingnomorethanoneyearfromthedateofcreationthereofissuedbycommercialbanksincorporatedunderthelawsoftheUnitedStates,eachhavingcombinedcapital,surplusandundividedprofitsofnotlessthan$500,000,000andhavingaratingof “A”or better bya nationally recognizedratingagency;providedthat theaggregate amount investedinsuchcertificates ofdepositshallnotatanytimeexceed$5,000,000foranyonesuchcertificateofdepositand$10,000,000foranyonesuchbank;or(d)timedepositsmaturingnomore thanthirty (30) daysfromthe date of creation thereof with commercial banksor savings banksor savings andloanassociations eachhavingmembershipeitherintheFDICorthedepositsofwhichareinsuredbytheFDICandinamountsnotexceedingthemaximumamountsofinsurancethereunder.

“CashManagementAgreement” meansanyagreement to providecashmanagement services, includingtreasury, depository, overdraft, credit or debitcard(includingnon-cardelectronicpayables),electronicfundstransferandothercashmanagementarrangements.

“CashManagementBank”meansanyPersonthat,(a)atthetimeitentersintoaCashManagementAgreementwithaLoanParty,isaLender,anAffiliateofaLender,theAdministrativeAgentoranAffiliateoftheAdministrativeAgent,or(b)atthetimeit(oritsAffiliate)becomesaLender(includingontheClosingDate),isapartytoaCashManagementAgreementwithaLoanParty,ineachcaseinitscapacityasapartytosuchCashManagementAgreement.

“CERCLA”meanstheComprehensiveEnvironmentalResponse,CompensationandLiabilityActof1980.

“CERCLIS”meanstheComprehensiveEnvironmentalResponse,CompensationandLiabilityInformationSystemmaintainedbytheU.S.EnvironmentalProtectionAgency.

“ChangeinControl”meansanyeventorseriesofeventsbywhich:

(a) T. Michael Ansley ceases to maintain the power, directly or indirectly, to control more than 20%of the Equity Interests of Holdingsentitledtovoteintheelectionofmembersoftheboardofdirectors(orequivalentgoverningbody)ofHoldings;

(b) any Loan Party ceases to be a wholly-owned Subsidiary of Holdings (except in connection with a transaction permitted under this

Agreement);

(c)

any“person”or“group”(assuchtermsareusedinSections13(d)and14(d)oftheExchangeAct,butexcludinganyemployeebenefitplanofsuchpersonoritsSubsidiaries,andanypersonorentityactinginitscapacityastrustee,agentorotherfiduciaryoradministratorofanysuchplan)otherthanT.MichaelAnsleybecomesthe“beneficialowner”(asdefinedinRules13d-3and13d-5undertheExchangeAct,exceptthata“person”or“group”shall be deemed to have “beneficial ownership” of all Equity Interests that such “person” or “group” has the right to acquire, whether such right isexercisableimmediatelyoronlyafterthepassageoftime(suchright,an“optionright”)),directlyorindirectly,ofmorethan20%oftheEquityInterestsofHoldingsentitledtovoteintheelectionofmembersoftheboardofdirectors(orequivalentgoverningbody)ofHoldings;or

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(d)

T.MichaelAnsleyshallceasetoholdofficeasorperformtheday-to-daydutiesofthePresidentofHoldings,unless,priortosuchevent,HoldingsshallhaveretainedareplacementofficerinplaceofsuchindividualwhoisacceptabletotheRequiredLenders.a majority of the members ofthe board of directors (or other equivalent governing body) of Holdings shall not constitute Continuing Directors.

“Change in Law” means the occurrence, after the date of this Agreement, of anyof the following: (a) the adoption or taking effect of anylaw, rule,

regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by anyGovernmentalAuthorityor(c)themakingorissuanceofanyrequest, rule,guidelineordirective(whetherornothavingtheforceoflaw)byanyGovernmentalAuthority;providedthat notwithstandinganythingherein tothecontrary, (i) theDodd-FrankWall Street ReformandConsumerProtectionAct andall requests,rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank forInternationalSettlements,theBaselCommitteeonBankingSupervision(oranysuccessororsimilarauthority)ortheUnitedStatesorforeignregulatoryauthorities,ineachcasepursuanttoBaselIII,shallineachcasebedeemedtobea“ChangeinLaw”,regardlessofthedateenacted,adoptedorissued.

“Citizens”meansCitizensBank,NationalAssociation,anationalbankingassociation.

“ClosingDate”meansthedateofthisAgreement.

“ClosingDateAcquisition”meanstheAcquisitionprovidedforintheClosingDateAcquisitionAgreement.

“ClosingDateAcquisitionAgreement”meanstheAssetPurchaseAgreementdatedasofMay13,2015byandamongHoldings,AMCWings,Inc.,theSellerandtheequityownersoftheSellerpartythereto.

“ClosingDateAcquisitionDocuments”meantheClosingDateAcquisitionAgreementandallothermaterialdocumentsexecutedbetweenoramongtheLoanParties,theSellerand/oranyequityownersoftheSellerinconnectionwiththeClosingDateAcquisition.

“Code”meanstheInternalRevenueCodeof1986,asamended,andtherulesandregulationspromulgatedthereunder.

“Collateral”meansthecollateralsecurityfortheSecuredObligationspledgedorgrantedpursuanttotheCollateralDocuments.

“CollateralDocuments”means,collectively,theSecurityAgreement,thePledgeAgreement,eachMortgageandallotheragreements(includingcontrolagreements), instruments andotherdocuments, whethernowexistingorhereafter ineffect, pursuanttowhichanyLoanPartyoranyotherPersonshall grantorconveytotheAdministrativeAgentforthebenefitoftheSecuredPartiesaLienin,oranyotherPersonshallacknowledgeanysuchLienin,propertyassecurityforalloranyportionoftheSecuredObligationsoranyotherobligationunderanyLoanDocument.

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“CommitmentFees”hasthemeaningassignedtheretoinSection6.4(a)(ii).

“CommitmentPercentage”means,astoanyLender,suchLender’sDevelopmentCommitmentPercentage,DFTermLoanPercentage,RevolvingCreditCommitmentPercentageorTermLoanPercentage,asapplicable.

“ Commitments ” means, collectively, as to all Lenders, the Development Commitments, the Revolving Credit Commitments and the Term LoanCommitmentsofsuchLenders.

“CommodityExchangeAct”meanstheCommodityExchangeAct(7U.S.C.§1etseq.).

“ComplianceCertificate”meansacertificateofaResponsibleOfficeroftheBorrowingAgentsubstantiallyintheformattachedasExhibitE.

“ConnectionIncomeTaxes”meansOtherConnectionTaxesthatareimposedonormeasuredbynetincome(howeverdenominated)orthatarefranchiseTaxesorbranchprofitsTaxes.

“ConsolidatedDebtServiceCoverageRatio”means,withrespecttotheConsolidatedGrouponaconsolidatedbasis,asofanydateofdetermination,theratioof(a)theremainderof(i)ConsolidatedEBITDAfortheFour-QuarterPeriodendedonormostrecentlypriortosuchdate,minus(ii)theaggregateamountoffederal, state, local and foreign income taxes paid in cash during such Four-Quarter Period,minus(iii) the greater of (A) $10,000 per Restaurant and (B) theaggregateamountofallMaintenanceCapitalExpendituresoftheConsolidatedGroupduringsuchFour-QuarterPeriod,minus(iv)DistributionsmadebyHoldingsduringsuchFour-QuarterPeriod,minus(v)operatingleaseexpenseincurredwithrespecttothoseRestaurantsclosedpursuanttoclause(c)or(d)ofSection10.16thatwasnotdeductedinarrivingatConsolidatedNetIncomeforsuchFour-QuarterPeriodasaresultofthenon-cashchargereferencedinclause(a)(xii)ofthedefinition of Consolidated EBITDA (other than the Bagger Dave’s Legendary Burger Tavern Restaurant Spin-Off Distribution) to (b) the sum of (i)ConsolidatedInterestExpenseforsuchFour-QuarterPeriod,plus(ii)scheduledprincipalpaymentsofConsolidatedFundedIndebtednessmadeorrequiredtobemadeduringsuchFour-QuarterPeriod.

“ConsolidatedEBITDA”means,withrespecttotheConsolidatedGroupforanyperiod,anamountequaltothesumof(a)ConsolidatedNetIncomeforsuch period, plus (b) the following to the extent deducted in arriving at Consolidated Net Income for such period, (i) Consolidated Interest Expense, (ii) theprovisionfor federal, state, local andforeignincometaxes (andfranchise taxin the nature of incometax), (iii) depreciation andamortization expense, (iv) Pre-OpeningExpense,(v)non-cashstockcompensationcharges,(vi)othernon-cashitemsreducingConsolidatedNetIncomethatdonotrepresentacashiteminsuchperiod or any future period, (vii) reasonable out of pocket costs and expenses incurred by the Loan Parties in connection with the Transactionsnonrecurringexpenses ;providedthat the aggregate amount of suchcostsandexpenses added back pursuant to this clause (vii) during the termof this Agreement shall notexceed$1,800,000,(viii)nonrecurringexpenses;providedthattheaggregateamountofsuchexpensesaddedbackpursuanttothisclause(viii)duringanyFour-Quarter Periodshall not exceed$500,000, ( ixviii )extraordinarylosses,(x) upto $1,950,000intheaggregate of charges associatedwith thesettlement of theFLSAActions,(xiand (ix )nonrecurringcashfees and expensesincurredpaid inconnectionwiththeclosingofanyBagger Dave’s Legendary Burger TavernRestaurantpursuanttoSection10.16Spin-Off ;providedthattheaggregateamountofsuchfees and expensesaddedbackpursuanttothisclause(xiix )duringthetermofthisAgreementshallnotexceed$750,000and(xii)theone-timenon-cashchargeincurredduringtheFiscalQuarterendingonoraboutDecember31,2015withrespecttooperatingleaseexpenserelatedtothoseRestaurantsclosedpursuanttoclause(c)or(d)ofSection10.16,250,000, minus(c)thefollowingtotheextent includedinarrivingat ConsolidatedNet Incomefor suchperiod, (i) federal, state, local andforeignincometaxcredits, (ii) all non-cashitemsincreasingConsolidatedNetIncomeforsuchperiod,(iii)cashcapitalgainsand(iv)nonrecurringandextraordinarygains;providedthat,solelyforthepurposeofcalculatingtheConsolidatedLease-AdjustedLeverageRatioand the Consolidated Debt Service Coverage Ratio ,withrespecttoeachFiscalQuartersetforthonSchedule1.1(d),theConsolidatedEBITDAforsuchFiscalQuartershallbedeemedtobeincreasedbytheamountsetforthoppositesuchFiscalQuarteronsuchScheduletoaccountforthecontributiontoConsolidatedEBITDApriortotheClosingDatebytheRestaurantsacquiredpursuanttotheClosingDateAcquisition..

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“ConsolidatedEBITDAR”means,withrespecttotheConsolidatedGroupforanyperiod,anamountequaltothesumofConsolidatedEBITDAforsuchperiodplusConsolidatedThirdPartyRentduringsuchperiod.

“Consolidated FundedIndebtedness” means, as of any date of determination, for the Consolidated Group on a consolidated basis, the sumof (a) theoutstandingprincipalamountofallobligations,whethercurrentorlong-term,forborrowedmoney(includingObligationshereunder)andallobligationsevidencedbybonds,debentures, notes, loanagreementsorothersimilarinstruments, (b)all purchasemoneyIndebtedness, (c) themaximumamountavailabletobedrawnunderissuedandoutstandinglettersofcredit(includingstandbyandcommercial),bankers’acceptances,bankguaranties,suretybondsandsimilarinstruments,(d)allobligationsinrespectofthedeferredpurchasepriceofpropertyorservices(otherthantradeaccountspayableintheordinarycourseofbusiness),totheextentsuch obligations would be required to be set forth on a balance sheet in accordance with GAAP, (e) all Attributable Indebtedness, (f) without duplication, allGuaranteeswithrespecttooutstandingIndebtednessofthetypesspecifiedinclauses(a)through(e)aboveofPersonsotherthananyLoanPartyoranySubsidiary,and (g) all Indebtedness of the types referred to in clauses (a) through (f) above of any partnership or joint venture (other than a joint venture that is itself acorporationorlimitedliabilitycompany)inwhichaLoanPartyoraSubsidiaryisageneralpartnerorjointventurer,unlesssuchIndebtednessisexpresslymadenon-recoursetosuchLoanPartyorsuchSubsidiary.

“ConsolidatedGroup”means,collectively,HoldingsanditsSubsidiaries.

“ConsolidatedInterestExpense”means,withrespecttotheConsolidatedGrouponaconsolidatedbasisinaccordancewithGAAP,foranyperiod,thegrossinterestexpense,including(a)thecurrentamortizedportionofallfees,chargesandcommissions(includingfeespayableinrespectofanyHedgeAgreement)payableinconnectionwiththeincurrenceofIndebtednesstotheextentincludedingrossinterestexpenseand(b)theportionofanypaymentsmadeinconnectionwithCapitalLeasesallocabletointerestexpense.

“ConsolidatedLease-AdjustedLeverageRatio”means,asofanydateofdetermination,theratioof(a)ConsolidatedFundedIndebtednessasofsuchdateminustheNewUnit Adjustment, if any,forall NewUnitsasofsuchdateplustheproductof(i) ConsolidatedThirdPartyRentduringtheFour-QuarterPeriodendedonormostrecentlypriortosuchdateofdeterminationtimes(ii)eight(8)to(b)ConsolidatedEBITDARforsuchFour-QuarterPeriod.

“ConsolidatedNetIncome”means,foranyperiod,thenetincome(orloss)oftheConsolidatedGroupforsuchperioddeterminedonaconsolidatedbasisinaccordancewithGAAP.

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“ Consolidated Third Party Rent ” means, with respect to the Consolidated Group on a consolidated basis, for any period, the aggregate amount ofoperating lease expense paidor required to have been paid during such period;providedthat,(a) solely for the purpose of calculating the Consolidated Lease-AdjustedLeverageRatioand the Consolidated Debt Service Coverage Ratio ,withrespecttoeachFiscalQuartersetforthonSchedule1.1(d),theConsolidatedThirdPartyRentforsuchFiscalQuartershallbedeemedtobeincreasedbytheamountsetforthoppositesuchFiscalQuarteronsuchScheduletoaccountforthecontribution to Consolidated Third Party Rent prior to the Closing Date by the Restaurants acquired pursuant to the Closing Date Acquisition and (b)notwithstandingtheforegoing,ConsolidatedThirdPartyRentshallexcludeforanyperiodanyoperatingleaseexpenseincurredwithrespecttothoseRestaurantsclosedpursuanttoclause(c)or(d)ofSection10.16thatwasnotdeductedinarrivingatConsolidatedNetIncomeforsuchperiodasaresultofthenon-cashchargereferencedinclause(a)(xii)ofthedefinitionofConsolidatedEBITDA..

“Continuing Directors” means the directors (or equivalent governing body) of Holdings on the Amendment No.4 Effective Date and each otherdirector (or equivalent) of Holdings, if, in each case, such other Person’s nomination for election to the board of directors (or equivalent governing body)of Holdings is approved by at least 51% of the then Continuing Directors.

“ Contractual Obligation ” means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or otherundertakingtowhichsuchPersonisapartyorbywhichitoranyofitspropertyisbound.

“Control”meansthepossession,directlyorindirectly,ofthepowertodirectorcausethedirectionofthemanagementorpoliciesofaPerson,whetherthroughtheabilitytoexercisevotingpower,bycontractorotherwise.“Controlling”and“Controlled”havemeaningscorrelativethereto.

“CreditFacility”means,collectively,theDevelopmentFacility,theRevolvingCreditFacility,theTermLoanFacility,theDFTermLoanFacilityandtheLCFacility.

“DebtIssuance”meanstheissuanceofanyIndebtednessforborrowedmoneybyanyLoanPartyoranyoftheirrespectiveSubsidiaries.

“DebtorReliefLaws”meanstheBankruptcyCodeoftheUnitedStatesofAmerica,andallotherliquidation,conservatorship,bankruptcy,assignmentforthebenefitofcreditors,moratorium,rearrangement,receivership,insolvency,reorganization,orsimilardebtorreliefLawsoftheUnitedStatesorotherapplicablejurisdictionsfromtimetotimeineffect.

“Default”meansanyoftheeventsspecifiedinSection11.1whichconstituteanEventofDefaultorwhich,withthepassageoftime,thegivingofnoticeoranyothercondition,wouldconstituteanEventofDefault.

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“DefaultingLender”means,subjecttoSection6.15(b),anyLenderthat(a)hasfailedto(i)fundalloranyportionofitsLoansorparticipationsinLCObligationsrequiredtobefundedbyithereunderwithintwoBusinessDaysofthedatesuchLoansorparticipationswererequiredtobefundedhereunderunlesssuchLendernotifiestheAdministrativeAgentandtheBorrowingAgentinwritingthatsuchfailureistheresultofsuchLender’sdeterminationthatoneormoreconditionsprecedenttofunding(eachofwhichconditionsprecedent,togetherwithanyapplicabledefault,shallbespecificallyidentifiedinsuchwriting)hasnotbeensatisfied,or(ii)paytotheAdministrativeAgent,theLCIssueroranyLenderanyotheramountrequiredtobepaidbyithereunder(includinginrespectofitsparticipationinLettersofCredit)withintwoBusinessDaysofthedatewhendue,(b)hasnotifiedtheBorrowingAgent,theAdministrativeAgentortheLCIssuerin writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or publicstatement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a conditionprecedenttofunding(whichconditionprecedent,togetherwithanyapplicabledefault,shallbespecificallyidentifiedinsuchwritingorpublicstatement)cannotbesatisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrowing Agent, to confirm in writing to theAdministrativeAgentandtheBorrowingAgentthatitwillcomplywithitsprospectivefundingobligationshereunder(providedthatsuchLendershallceasetobeaDefaultingLenderpursuanttothisclause(c)uponreceiptofsuchwrittenconfirmationbytheAdministrativeAgentandtheBorrowingAgent),or(d)has,orhasadirectorindirectparentcompanythathas,(i)becomethesubjectofaproceedingunderanyDebtorReliefLaw,or(ii)hadappointedforitareceiver,custodian,conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets,includingtheFDICoranyotherstateorfederalregulatoryauthorityactinginsuchacapacity;providedthataLendershallnotbeaDefaultingLendersolelybyvirtueoftheownershiporacquisitionofanyequityinterestinthatLenderoranydirectorindirectparentcompanythereofbyaGovernmentalAuthoritysolongassuchownershipinterestdoesnotresultinorprovidesuchLenderwithimmunityfromthejurisdictionofcourtswithintheUnitedStatesorfromtheenforcementofjudgmentsorwritsofattachmentonitsassetsorpermitsuchLender(orsuchGovernmentalAuthority)toreject,repudiate,disavowordisaffirmanycontractsoragreements madewithsuchLender. Anydetermination bytheAdministrative Agent that a Lender is a DefaultingLender under anyoneor moreof clauses (a)through(d)aboveshallbeconclusiveandbindingabsentmanifesterror,andsuchLendershallbedeemedtobeaDefaultingLender(subjecttoSection6.15(b))upondeliveryofwrittennoticeofsuchdeterminationtotheBorrowingAgent,theLCIssuerandeachLender.

“DesignatedJurisdiction”meansanycountryorterritorytotheextentthatsuchcountryorterritoryitselfisthesubjectofanySanction.

“DevelopmentCommitment”means(a)astoanyDevelopmentLender,theobligationofsuchDevelopmentLendertomakeDevelopmentLoanstotheBorrowershereunderinanaggregateprincipalamountatanytimeoutstandingnottoexceedtheamountsetforthoppositesuchDevelopmentLender’snameontheRegister,assuchamountmaybemodifiedatanytimeorfromtimetotimepursuanttothetermshereofandtoconvertitsoutstandingDevelopmentLoanstoDFTermLoansoneachDevelopmentFacilityConversionDateand(b)astoallDevelopmentLenders,theaggregatecommitmentofallDevelopmentLenderstomakeDevelopmentLoans,assuchamountmaybemodifiedatanytimeorfromtimetotimepursuanttothet