On March 11, 2022, The Chefs' Warehouse, Inc. entered into a third amendment to its senior secured asset-based revolving credit agreement, originally dated as of June 29, 2018, by and among the Company, Chefs' Warehouse Parent, LLC, as borrower, Dairyland USA Corporation, as borrower, certain other subsidiaries of the Company, as guarantors, the lenders party thereto and BMO Harris Bank N.A., as administrative agent, which, among other things, (i) extends the scheduled maturity date from June 29, 2023 to March 11, 2027, if, as of March 24, 2024, 1.875% Convertible Senior Notes due 2024 in an aggregate principal amount in excess of $40,000,000 remain outstanding that have not been repaid, repurchased, redeemed or refinanced by debt having a maturity date not earlier than six months after March 11, 2027, (ii) increases the commitments from $150,000,000 to $200,000,000, (iii) increases the sublimit for swingline loans from $20,000,000 to $25,000,000, (iv) replaces the interest rate determined by reference to LIBOR with the forward-looking term rate based on the secured overnight financing rate term, (v) revises the margin applicable to outstanding loans which now varies between 1.25% and 1.50% for loans accruing interest by reference to Term SOFR and 0.50% and 0.75% for loans accruing interest by reference to base rate, depending on the average daily amount of availability during the applicable fiscal quarter, and (vi) adjusts certain negative covenants, including to provide for a $20,000,000 basket for investment.