Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed on a Form 8-K filed with the Securities and Exchange Commission on May 26, 2020, Tupperware Brands Corporation (the "Company") entered into a definitive purchase and sale agreement (the "Purchase and Sale Agreement") with O'Connor Management LLC ("O'Connor"), whereby O'Connor will purchase approximately 740 acres of the Company's property in Orlando, Florida, inclusive of 500 acres of wetlands, comprising all remaining Company-owned land in Orlando. As amended, the Purchase and Sale Agreement provides for a purchase price of approximately $86 million for the land and certain transportation impact fee credits, and a lease back by the Company from O'Connor of approximately 61 acres and 8 buildings on the land, comprising the Company's headquarters location, for an initial term of 10 years at a market competitive rent and with customary terms and conditions. The Purchase and Sale Agreement was subsequently amended on June 10, 2020 and July 15, 2020 to further extend the deadline for completion of the due diligence inspection period. On July 22, 2020, the Company and O'Connor entered into the Third Amendment to the Purchase and Sale Agreement, which amendment, among other things: • Establishes two separate closings for the properties covered by the


       Purchase and Sale Agreement, with the first closing (which includes the
       land and related buildings subject to the lease back) expected to occur in
       September 2020 for $48.6 million, and the second closing expected to occur
       in December 2020 for $37.4 million (which includes transportation impact
       fee credits). Each closing is subject to successful completion of due
       diligence and standard closing conditions.


•      Requires O'Connor to pay an aggregate deposit of $1.5 million in advance
       of each of the first and second closings, with events under which the
       second deposit would become refundable;

• Requires soil remediation efforts as a condition to closing; and




•      Extends the due diligence inspection periods to August 31, 2020 with
       respect to the first closing, and November 15, 2020 with respect to the
       second closing.


The Company can make no assurances that the transactions will close, that they
will close in September 2020 and December 2020, or that they will close at the
prices disclosed above.
The foregoing summary of the Purchase and Sale Agreement and amendments is
qualified in its entirety by reference to the Purchase and Sale Agreement and
amendments attached hereto as Exhibits 10.1 through 10.4, respectively, each of
which are incorporated herein by reference.
Forward-Looking Statements

This report contains certain statements that are, or may be deemed to be, "forward-looking statements." Words such as "expected," "anticipates," "will," "may," "could," "can," and similar words are forward-looking statements and not historical facts. Actual outcomes and results may differ materially from those expressed in, or implied by, such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the following: the effects of natural disasters and epidemic or pandemic disease outbreaks, including the COVID-19 outbreak; general economic and political conditions in the United States, including those resulting from the COVID-19 outbreak, recessions, political events and acts or threats of terrorism or military conflicts; the success of the Company's efforts to improve its profitability and liquidity position and any capital structure actions that it may take; the Company's ability to comply with, or further amend, financial covenants under its debt obligations; potential downgrades to the Company's credit ratings; the success of land buyers in attracting tenants for commercial and residential development and obtaining required government approvals and financing; the ability to obtain all government approvals on, and to control the cost of infrastructure obligations associated with, property, plant and equipment; and other risks detailed in the Company's Annual Report on Form 10-K for the year ended December 28, 2019, its Quarterly Report on Form 10-Q for the 13 weeks ended March 28, 2020 and its subsequent periodic reports filed in accordance with the Exchange Act. These statements are representative only as of the date they are made, and the Company disclaims and does not undertake any obligation to update or revise any forward-looking statements in this report.

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Item 9.01 Financial Statements and Exhibits.



(d) Exhibits.

Exhibit
Number       Description

10.1           Contract for Sale and Purchase of Real Property, dated as of May
             26, 2020, by and among the Sellers and O'Connor   *

10.2           First Amendment to Contract for Sale and Purchase of Real
             Property, dated as of June 10, 2020, by and among the Sellers and
             O'Connor

10.3           Second Amendment to Contract for Sale and Purchase of Real
             Property, dated as of July 15, 2020, by and among the Sellers and
             O'Connor

10.4           Third Amendment to Contract for Sale and Purchase of Real
             Property, dated as of July 22, 2020, by and among the Sellers and
             O'Connor

104          Cover Page Interactive Data File (embedded within the Inline XBRL
             document)

* Certain portions of the exhibit have been omitted pursuant to Regulation S-K Item 601(b) because they are both (i) not material to investors and (ii) likely to cause competitive harm to the Company if publicly disclosed.

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