0001341004-17-000594 Sample Contracts

SERVICES AGREEMENT
Services Agreement • September 15th, 2017 • Biglari Holdings Inc. • Retail-eating places • Indiana

This Services Agreement (this "Agreement") is made and entered into as of September 15, 2017 by and among Biglari Holdings Inc., an Indiana corporation ("BH"), Biglari Enterprises LLC, a Delaware limited liability company, and Biglari Capital LLC, a Texas limited liability company (formerly Biglari Capital Corp.) ("BCC," and together with Biglari Enterprises LLC, the "Biglari Entities").

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