EX-10.1
Fat Brands, Inc
Execution Version
ASSET PURCHASE AGREEMENT AND PLAN OF REORGANIZATION
BY AND AMONG
FBG BID CO. LLC,
FAT BRANDS INC.,
FAT BRANDS ROYALTY I, LLC,
FAT BRANDS GFG ROYALTY I, LLC,
FAT BRANDS FAZOLI’S NATIVE I, LLC
AND
THE OTHER SELLER PARTIES HERETO
Dated:
June 15, 2026
Article I DEFINITIONS
6
Section 1.1
Definitions
6
Section 1.2
Interpretations
24
Article II PURCHASE AND SALE
26
Section 2.1
Purchase and Sale of Assets
26
Section 2.2
Assumed Liabilities
26
Section 2.3
Consideration
26
Section 2.4
Closing
26
Section 2.5
Closing Payments and Deliveries
27
Section 2.6
Assumption/Rejection of Certain Contracts and Leases
28
Section 2.7
Allocation
31
Section 2.8
Wrong Pockets
31
Section 2.9
Withholding
32
Section 2.10
Fazoli’s Guarantee Matters.
32
Article III Sellers’ Representations and Warranties
32
Section 3.1
Organization of Sellers; Good Standing; Ownership of Acquired Entity
32
Section 3.2
Authorization of Transaction
33
…