AMENDMENT NO. 1 TO TAX SHARING AGREEMENT
THIS AMENDMENT NO. 1 TO TAX SHARING AGREEMENT, dated as of July 4, 2011 (this “Amendment”), by and among Wendy’s/Arby’s Group, Inc., a Delaware corporation (“WAG”), and each other corporation which is a member of, and each other entity that is disregarded as an entity separate from a member of, the affiliated group of which WAG is the common parent and files consolidated and combined income tax returns for federal and state income tax purposes (each other such corporation or entity, a “WAG Sub,” and such other corporations and entities collectively, the “WAG Subs”).
W I T N E S S E T H:
WHEREAS, WAG and the WAG Subs set forth as signatories thereto are parties to that certain Tax Sharing Agreement, dated as of December 20, 2010, (the “Tax Sharing Agreement”);
WHEREAS, in accordance with Section 11 of the Tax Sharing Agreement, WAG and such WAG Subs wish to amend the Tax Sharing Agreement as provided herein; and
NOW, THEREFORE, in consideration of the mutual promises herein set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:
ARTICLE I
DEFINITIONS
Capitalized terms used in this Amendment and not otherwise defined herein will have the meanings given such terms in the Tax Sharing Agreement.
ARTICLE II
AMENDMENTS TO TAX SHARING AGREEMENT
2.1 Amendments Regarding Parties to Tax Sharing Agreement.
(a) From and after the date hereof, the definition of WAG Subs shall no longer include Arby’s Restaurant Group, Inc. (“ARG”) or any of ARG’s direct or indirect subsidiaries (collectively, the “ARG Company Group”), and no member of the ARG Company Group shall be a party to or otherwise bound by the Tax Sharing Agreement or have any rights or obligations thereunder.
(b) The following person is hereby added as a party to the Tax Sharing Agreement effective upon the effectiveness of this Amendment:
WENDY’S RESTAURANTS OF NEW YORK, LLC
(c) The following provision is hereby added in its entirety as a new Section 16 to the Tax Sharing Agreement:
“16. New Members.
Each of the parties to this Agreement recognizes that from time to time, new subsidiaries of WAG may be added to the WAG Group. Each of the parties agrees that any such new subsidiary of WAG shall, without the express written consent of the other parties, become a party to this Agreement for all purposes of this Agreement with respect to taxable periods ending after such subsidiary was added to the WAG Group.”
ARTICLE III
MISCELLANEOUS
3.1 Construction. This Amendment shall be governed by and construed in accordance with the Tax Sharing Agreement.Counterparts. This Amendment may be executed in any number of counterparts, and each counterpart shall constitute an original instrument, but all of such separate counterparts shall constitute one and the same agreement. The counterparts of this Amendment may be executed and delivered by facsimile transmitted by any of the parties to any other party and the receiving party may rely on the receipt of such document so executed and delivered by facsimile as if the original had been received.Effect on the Tax Sharing Agreement. This Amendment shall not constitute a waiver, amendment or modification of any provision of the Tax Sharing Agreement not expressly referred to herein. Except as expressly amended or modified herein, the provisions of the Tax Sharing Agreement are and shall remain in full force and effect and are hereby ratified and confirmed. On and after the date hereof, each reference in the Tax Sharing Agreement to “this Agreement,” “herein,” “hereof,” “hereunder” or words of similar import shall mean and be a reference to the Tax Sharing Agreement as amended hereby. To the extent that a provision of this Amendment conflicts with or differs from a provision of the Tax Sharing Agreement, such provision of this Amendment shall prevail and govern for all purposes and in all respects.
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IN WITNESS WHEREOF, the undersigned have executed, or have caused to be executed, this Amendment on the date first written above.
WENDY’S/ARBY’S GROUP, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
XXXXX PACKING ASSOCIATION, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
ARBY’S IP HOLDER TRUST
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
ARBY’S, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
ARBY’S RESTAURANT GROUP, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
ARBY’S RESTAURANT, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
WENDYS/ARBY’S SUPPORT CENTER, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
ARG RESOURCES, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
ARG SERVICES, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
BDJ 71112, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
CAFÉ EXPRESS, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
CITRUS ACQUISITION CORPORATION
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
FRANCHISE ASSOCIATES, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
HOME FURNISHING ACQUISITION
CORPORATION
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
MADISON WEST ASSOCIATES CORP.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
OLDEMARK LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RCAC, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RESTAURANT FINANCE CORPORATION
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM ACQUISITION COMPANY, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM ALABAMA, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM DEVELOPMENT COMPANY, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM GEORGIA, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM GULF COAST, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM INDIANAPOLIS, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM MID-AMERICA, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM OPERATING COMPANY, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM PARTNERS, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM PORTLAND, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM SAVANNAH, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM SEA-TAC, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM WEST, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTM, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
RTMSC, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
SEPSCO, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
SYBRA, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
THE NEW BAKERY CO. OF OHIO, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
TRIARC ACQUISITION, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
TXL CORPORATION
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
WENDY RESTAURANT, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
WENDY’S/ARBY’S INTERNATIONAL, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
WENDY’S/ARBY’S INTERNATIONAL, SERVICES, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
WENDY’S/ARBY’S RESTAURANTS, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
WENDY’S INTERNATIONAL, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
WENDY’S OF DENVER, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
WENDY’S OF N.E. FLORIDA, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
WENDY’S OLD FASHIONED HAMBURGERS
OF NEW YORK, INC.
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
WENDY’S RESTAURANTS OF
NEW YORK, LLC
By: /s/ Xxxxxxxx Xxxxxx
Name: Xxxxxxxx Xxxxxx
Title: Senior Vice President of Tax
