November 15, 2018Sponsor Warrants and Convertible Promissory Note • November 20th, 2018 • Jefferies Financial Group Inc. • Meat packing plants • New York
This letter (this “Letter Agreement”) is being entered into (i) in accordance with that certain debt commitment letter (the “Debt Commitment Letter”), dated October 2, 2018, by and among Landcadia Holdings, Inc. (the “Company”), Landcadia Merger Sub, Inc., the Company’s wholly owned subsidiary (“Merger Sub”), and Luxor Capital Group, LP, on behalf of Lugard Road Capital Master Fund, LP, and of one or more of its funds and/or affiliates (collectively, “Luxor”), pursuant to which Luxor agreed to (a) provide a senior secured first priority term loan facility to Merger Sub in the aggregate principal amount of $25,000,000 and (b) purchase from the Company an aggregate principal amount of $60,000,000 of the Company’s convertible promissory notes, in each case concurrently with the closing (the “Closing”) of the previously announced business combination between the Company and Waitr Incorporated (the “Business Combination”) and (ii) the agreement of the parties hereto to waive Section 4.3(e)
