<SEC-DOCUMENT>0001157523-19-001458.txt : 20190701
<SEC-HEADER>0001157523-19-001458.hdr.sgml : 20190701
<ACCEPTANCE-DATETIME>20190628191216
ACCESSION NUMBER:		0001157523-19-001458
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190628
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190701
DATE AS OF CHANGE:		20190628

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JACK IN THE BOX INC /NEW/
		CENTRAL INDEX KEY:			0000807882
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				952698708
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0929

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09390
		FILM NUMBER:		19930871

	BUSINESS ADDRESS:	
		STREET 1:		9330 BALBOA AVE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92123-1516
		BUSINESS PHONE:		6195712121

	MAIL ADDRESS:	
		STREET 1:		9330 BALBOA AVENUE
		CITY:			SAN DIEGO
		STATE:			CA
		ZIP:			92123-1516

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FOODMAKER INC /DE/
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a52006976.htm
<DESCRIPTION>JACK IN THE BOX INC. 8-K
<TEXT>
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    <div style="text-align: center;"><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif;">UNITED STATES</font><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif;"><br>
      </font><font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif;">SECURITIES AND EXCHANGE COMMISSION</font><br>
      <font style="font-size: 12pt; font-family: 'Times New Roman',Times,serif;">Washington, D.C. 20549</font><br>
      <br>
      <font style="font-size: 16pt; font-family: 'Times New Roman',Times,serif;">FORM 8-K</font><br>
      <br>
      CURRENT REPORT</div>
    <div>&#160;</div>
    <div style="text-align: center;">PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934<br>
      <br>
      Date of Report (Date of earliest event reported): <u> June 28, 2019</u><br>
      <br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 10%; vertical-align: middle; font-size: 16pt;">&#160;</td>
          <td style="width: 80%; vertical-align: top; font-size: 16pt;">
            <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;">JACK IN THE BOX INC.</font></div>
          </td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
          <td style="width: 80%; vertical-align: top;">
            <div style="text-align: center;">(Exact name of registrant as specified in its charter)</div>
          </td>
          <td style="width: 10%; vertical-align: middle;">&#160;</td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 33.01%; vertical-align: bottom;">
            <div style="text-align: left;">DELAWARE</div>
          </td>
          <td style="width: 33.99%; vertical-align: bottom;">
            <div style="text-align: left;">1-9390</div>
          </td>
          <td style="width: 33%; vertical-align: bottom;">
            <div style="text-align: left;">95-2698708</div>
          </td>
        </tr>
        <tr>
          <td style="width: 33.01%; vertical-align: top;">
            <div style="text-align: left;">(State or other jurisdiction</div>
            <div style="text-align: left;">of incorporation)</div>
          </td>
          <td style="width: 33.99%; vertical-align: bottom;">
            <div style="text-align: left;">(Commission File</div>
            <div style="text-align: left;">Number)</div>
          </td>
          <td style="width: 33%; vertical-align: top;">
            <div style="text-align: left;">(I.R.S. Employer</div>
            <div style="text-align: left;">Identification Number)</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 60%; vertical-align: bottom;">
            <div style="text-align: left;">9330 BALBOA AVENUE, SAN DIEGO, CA</div>
          </td>
          <td style="width: 40%; vertical-align: bottom;">
            <div style="text-align: center;">92123</div>
          </td>
        </tr>
        <tr>
          <td style="width: 60%; vertical-align: bottom;">
            <div style="text-align: left;">(Address of principal executive offices)</div>
          </td>
          <td style="width: 40%; vertical-align: bottom;">
            <div style="text-align: center;">(Zip Code)</div>
          </td>
        </tr>

    </table>
    <div style="text-align: center;"><br>
      <u>(858) 571-2121</u><br>
      (Registrant&#8217;s telephone number, including area code)<br>
      <br>
    </div>
    <div style="text-align: center;"><u>Not Applicable</u><br>
      (Former Name or Former Address, if Changed Since Last Report)</div>
    <div><br>
      <br>
      Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</div>
    <div><br>
    </div>
    <div style="text-indent: 9pt;">&#8414; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
    <div><br>
    </div>
    <div style="text-indent: 9pt;">&#8414; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
    <div><br>
    </div>
    <div style="text-indent: 9pt;">&#8414; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
    <div><br>
    </div>
    <div style="text-indent: 9pt;">&#8414; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
    <div><br>
    </div>
    <div><u>Securities registered pursuant to Section 12(b) of the Act:</u></div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 27.86%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: left; text-indent: 9pt;"><u>Title of each class</u></div>
          </td>
          <td style="width: 23.1%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: left; text-indent: 9pt;"><u>Trading Symbol(s)</u></div>
          </td>
          <td style="width: 49.04%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: left; text-indent: 9pt;"><u>Name of each exchange on which registered</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 27.86%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: left; text-indent: 9pt;">Common Stock</div>
          </td>
          <td style="width: 23.1%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: left; text-indent: 9pt;">JACK</div>
          </td>
          <td style="width: 49.04%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
            <div style="text-align: left; text-indent: 9pt;">The NASDAQ Stock Market LLC&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; </div>
            <div style="text-align: left; text-indent: 9pt;">(NASDAQ Global Select Market)</div>
          </td>
        </tr>

    </table>
    <div>Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div><br>
    </div>
    <div style="text-align: right;">Emerging growth company&#160; &#160; &#160; &#160; &#160; &#8414;</div>
    <div><br>
    </div>
    <div>If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
      Act.&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#8414;</div>
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              <td style="width: 10%;">
                <div style="font-weight: bold;">Item 1.01</div>
              </td>
              <td style="width: 90%;">
                <div style="font-weight: bold;">&#160;ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.</div>
              </td>
            </tr>

        </table>
        <br>
      </div>
      <div style="margin-top: 6pt;">On June 28, 2019, Jack in the Box Inc. (the &#8220;<u>Company</u>&#8221;) and a wholly owned subsidiary, Jack in the Box Funding, LLC, a Delaware limited liability company (the &#8220;<u>Master Issuer</u>&#8221;), Jack in the Box SPV Guarantor,
        LLC, a Delaware limited liability company (&#8220;<u>Jack in the Box SPV Guarantor</u>&#8221;), Different Rules, LLC, a Delaware limited liability company (&#8220;<u>Different Rules</u>&#8221;), and Jack in the Box Properties, LLC, a Delaware limited liability company (&#8220;<u>Jack


          in the Box Properties</u>&#8221; and, together with the Company, the Master Issuer, Jack in the Box SPV Guarantor and Different Rules, the &#8220;<u>Jack in the Box Parties</u>&#8221;), entered into a Purchase Agreement (the &#8220;<u>Purchase Agreement</u>&#8221;) with
        certain initial purchasers named therein (the &#8220;<u>Initial Purchasers</u>&#8221;), pursuant to which, among other things, the Master Issuer, a special purpose subsidiary of the Company, has agreed to issue and sell $575 million of its Series 2019-1 3.982%
        Fixed Rate Senior Secured Notes, Class&#160;A-2-I (the &#8220;<u>Class&#160;A-2-I Notes</u>&#8221;), $275 million of its Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class&#160;A-2-II (the &#8220;<u>Class&#160;A-2-II Notes</u>&#8221;) and $450 million of its Series 2019-1 4.970%
        Fixed Rate Senior Secured Notes, Class&#160;A-2-III (the &#8220;<u>Class&#160;A-2-III Notes</u>&#8221; and, together with the Class&#160;A-2-I Notes, and the Class A-2-II Notes, the &#8220;<u>2019 Notes</u>&#8221;), in a privately placed securitization transaction under a new indenture
        by and between the Master Issuer, as master issuer, and Citibank, N.A., as&#160; trustee and securities intermediary.</div>
      <div style="margin-top: 12pt;">Interest payments on the 2019 Notes are payable on a quarterly basis. The anticipated repayment dates of the Class&#160;A-2-I Notes, the Class&#160;A-2-II Notes and the Class A-2-III Notes will be August 2023, August 2026 and
        August 2029, respectively, unless earlier prepaid to the extent permitted under the indenture that will govern the 2019 Notes. If the Master Issuer has not repaid or redeemed the 2019 Notes prior to the respective anticipated repayment dates,
        additional interest will accrue on the 2019 Notes equal to the greater of (A) 5.00% per annum and (B)&#160;a per annum interest rate equal to the amount, if any, by which the sum of (i)&#160;the yield to maturity (adjusted to a quarterly bond-equivalent
        basis) on such anticipated repayment date of the United States Treasury Security having a term closest to 10 years, <font style="font-style: italic;">plus</font> (ii) 5.00%, <font style="font-style: italic;">plus</font> (iii)(1) with respect to
        the Series 2019-1 Class&#160;A-2-I Notes, 2.265%, (2)&#160;with respect to the Series 2019-1 Class&#160;A-2-II Notes, 2.670%, and (3) with respect to the Series 2019-1 Class&#160;A-2-III Notes, 3.058%, <font style="font-style: italic;">exceeds</font> the original
        interest rate with respect to such tranche.</div>
      <div style="margin-top: 12pt;">The Purchase Agreement includes customary representations, warranties and covenants by the Jack in the Box Parties. It also provides that the Jack in the Box Parties will indemnify the Initial Purchasers against certain
        liabilities, including liabilities under the Securities Act of 1933, as amended (the &#8220;<u>Securities Act</u>&#8221;). The closing of the sale of the 2019 Notes is anticipated to occur in July 2019 and is subject to the satisfaction of various closing
        conditions specified in the Purchase Agreement.</div>
      <div style="margin-top: 12pt;">Certain of the Initial Purchasers and their respective affiliates have, from time to time, performed and may in the future perform various investment banking services for the Company for which they received or will
        receive customary fees and expenses.</div>
      <div style="margin-top: 12pt;">The foregoing description of the Purchase Agreement does not purport to be complete and is subject to, and qualified in its entirety by, reference to the Purchase Agreement, a copy of which is attached hereto as
        Exhibit&#160;10.1.</div>
      <div style="margin-top: 12pt;">The Master Issuer also intends to enter into a purchase agreement under which it will issue $150 million of its Series 2019-1 Variable Funding Senior Secured Notes, Class A-1 (the "Class A-1 Notes"), which will allow
        the Master Issuer to borrow amounts from time to time on a revolving basis.</div>
      <div style="margin-top: 12pt;"> <br>
      </div>
      <table cellspacing="0" cellpadding="0" id="z1e10865c043943cc8a53ed9d6dac148b" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

          <tr>
            <td style="width: 10.13%; vertical-align: top;">
              <div style="margin-right: 0.8pt; font-weight: bold;">Item&#160;8.01</div>
            </td>
            <td style="width: 89.87%; vertical-align: top;">
              <div style="margin-right: 0.8pt; font-weight: bold;">OTHER EVENTS.</div>
            </td>
          </tr>

      </table>
      <div style="margin-top: 6pt;">On June 28, 2019, the Company issued a press release announcing its entry into the Purchase Agreement and the pricing of the 2019 Notes. A copy of the press release is attached as Exhibit 99.1 to this Current Report on
        Form&#160;8-K and is incorporated herein by reference.</div>
      <div style="margin-top: 12pt;">The 2019 Notes have not been and will not be registered under the Securities Act and may not be offered or sold in the United States absent such registration or an exemption from the registration requirements of the
        Securities Act. This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy the 2019 Notes or any other security and shall not constitute an offer, solicitation or sale of the 2019 Notes or any other
        security in any jurisdiction where such an offering or sale would be unlawful. This Current Report on Form&#160;8-K contains information about pending transactions, and there can be no assurance that these transactions will be completed.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">2</font></div>
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            <tr>
              <td style="width: 9.13%; vertical-align: top;">
                <div style="margin-right: 0.8pt; font-weight: bold;">Item&#160;9.01</div>
              </td>
              <td style="width: 90.87%; vertical-align: top;">
                <div style="margin-right: 0.8pt; font-weight: bold;">FINANCIAL STATEMENTS AND EXHIBITS.</div>
              </td>
            </tr>

        </table>
        <div style="margin-left: 24.45pt; margin-top: 6pt;">&#160;&#160;&#160;&#160;(d) Exhibits.</div>
        <div style="text-indent: 24.45pt; margin-top: 12pt;">The following exhibits are being filed with this Current Report on Form 8-K.</div>
        <div style="margin-top: 12pt;"><br>
        </div>
        <table cellspacing="0" cellpadding="0" id="z7735a3b744da4787ac297cf3a50473c9" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 12.5%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);" colspan="3">
                <div style="font-weight: bold;">Exhibit No.</div>
              </td>
              <td style="width: 67.65%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
                <div style="font-weight: bold;">Title</div>
              </td>
              <td style="width: 12.1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 7.75%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 5%; vertical-align: middle;">&#160;</td>
              <td style="width: 87.25%; vertical-align: middle;" colspan="4">&#160;</td>
              <td style="width: 7.75%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 5%; vertical-align: top;">
                <div style="margin-right: 0.8pt;"><a href="a52006976ex10_1.htm">10.1</a></div>
              </td>
              <td style="width: 4.75%; vertical-align: bottom;">
                <div style="margin-right: 0.8pt;">&#160;&#160;</div>
              </td>
              <td style="width: 82.49%; vertical-align: top;" colspan="3">
                <div style="margin-right: 60.75pt;"><a href="a52006976ex10_1.htm">2019-1 Class&#160; A-2 Note Purchase Agreement, dated as of June 28, 2019, by and
                    among Jack in the Box Inc., the subsidiaries of Jack in the Box Inc. party thereto and Guggenheim Securities, LLC acting on behalf of itself and as the representative of the initial purchasers.</a></div>
              </td>
              <td style="width: 7.75%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 5%; vertical-align: middle;">&#160;</td>
              <td style="width: 87.25%; vertical-align: middle;" colspan="4">&#160;</td>
              <td style="width: 7.75%; vertical-align: top;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 5%; vertical-align: top;">
                <div style="margin-right: 0.8pt;"><a href="a52006976ex99_1.htm">99.1</a></div>
              </td>
              <td style="width: 4.75%; vertical-align: bottom;">
                <div style="margin-right: 0.8pt;">&#160;&#160;</div>
              </td>
              <td style="width: 82.49%; vertical-align: top;" colspan="3">
                <div style="margin-right: 0.8pt;"><a href="a52006976ex99_1.htm">Press release issued by Jack in the Box Inc. on June 28, 2019.</a></div>
              </td>
              <td style="width: 7.75%; vertical-align: top;">&#160;</td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
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        <div style="text-align: center;" id="DSPFPageNumberArea"><font style="font-weight: normal; font-style: normal;" id="DSPFPageNumber">3</font></div>
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      <div>
        <div>&#160;</div>
        <div style="text-align: center;"><font style="font-weight: bold;">SIGNATURE</font></div>
        <div>&#160;</div>
        <div style="text-indent: 36pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</div>
        <div>&#160;</div>
        <div>Date:&#160; June 28, 2019</div>
        <div style="margin-left: 297pt;"><font style="font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; JACK IN THE BOX INC.</font></div>
        <div><br>
        </div>
        <div><br>
        </div>
        <div style="margin-left: 297pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; By:<font style="text-indent: 0px; font-size: 5.14pt;">&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font><u>/s/ Lance Tucker&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><br>
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Lance Tucker<br>
          &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Executive Vice President</div>
        <div style="margin-left: 297pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief Financial Officer</div>
        <div style="margin-left: 297pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Principal Financial Officer)</div>
        <div style="margin-left: 297pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; (Duly Authorized Signatory)</div>
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<DESCRIPTION>EXHIBIT 10.1
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            <div style="text-align: right;"><font style="font-weight: bold;">&#160;Exhibit 10.1</font><br>
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      <div style="text-align: right;">EXECUTION VERSION</div>
      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">JACK IN THE BOX FUNDING, LLC</div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Series 2019-1 3.982% Fixed Rate Senior Secured Notes, Class A-2-I</div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II<br>
        Series 2019-1 4.970% Fixed Rate Senior Secured Notes, Class A-2-III</div>
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      <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;"><br>
        <br>
        <u>PURCHASE AGREEMENT</u></div>
      <div style="text-align: right; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman',Times,serif;">June 28, 2019<br>
        </font><br>
      </div>
      <div style="font-family: 'Times New Roman',Times,serif;">Guggenheim Securities, LLC<br>
        as Representative of the several</div>
      <div style="font-family: 'Times New Roman',Times,serif;">Initial Purchasers named in Schedule I attached hereto</div>
      <div><br>
      </div>
      <div style="font-family: 'Times New Roman',Times,serif;">c/o Guggenheim Securities, LLC</div>
      <div style="font-family: 'Times New Roman',Times,serif;">330 Madison Avenue<br>
        New York, New York 10017</div>
      <div><br>
      </div>
      <div style="margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">Ladies and Gentlemen:</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">Jack in the Box Funding, LLC, a special-purpose Delaware limited liability company (the &#8220;<font style="font-weight: bold;">Master
          Issuer</font>&#8221;) and an indirect, wholly-owned subsidiary of Jack in the Box Inc., a Delaware corporation (&#8220;<font style="font-weight: bold;">Holdco</font>&#8221; and the &#8220;<font style="font-weight: bold;">Manager</font>&#8221;), propose, upon the terms and
        conditions stated herein, to issue and sell to the Initial Purchasers named in Schedule I hereto (the &#8220;<font style="font-weight: bold;">Initial Purchasers</font>&#8221;), three series of senior secured notes, (i) the Series 2019-1 3.982% Fixed Rate
        Senior Secured Notes, Class A-2-I Notes (the &#8220;<font style="font-weight: bold;">Series 2019-1 Class A-2-I Notes</font>&#8221;) in an aggregate principal amount of $575,000,000, (ii) the Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II
        Notes (the &#8220;<font style="font-weight: bold;">Series 2019-1 Class A-2-II Notes</font>&#8221;) in an aggregate principal amount of $275,000,000 and (iii) the Series 2019-1 4.970% Fixed Rate Senior Secured Notes, Class A-2-III Notes (the &#8220;<font style="font-weight: bold;">Series 2019-1 Class A-2-III Notes</font>&#8221; and, together with the Series 2019-1 Class A-2-I Notes and the Series 2019-1 Class A-2-II Notes, the &#8220;<font style="font-weight: bold;">Offered Notes</font>&#8221;) in an aggregate
        principal amount of $450,000,000.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">The Offered Notes (i) will have terms and provisions that are summarized in the Pricing Disclosure Package (as defined below) and
        (ii) are to be issued pursuant to a Base Indenture (the &#8220;<font style="font-weight: bold;">Base Indenture</font>&#8221;) and a series supplement thereto (the &#8220;<font style="font-weight: bold;">Series 2019-1 Supplement</font>&#8221; and, together with the Base
        Indenture, the &#8220;<font style="font-weight: bold;">Indenture</font>&#8221;), each to be dated July 8, 2019, and each to be entered into between the Master Issuer and Citibank, N.A., a national banking association, as trustee (in such capacity, the &#8220;<font style="font-weight: bold;">Trustee</font>&#8221;) and as securities intermediary. The Master Issuer&#8217;s obligations under the Offered Notes will be jointly and severally irrevocably and unconditionally guaranteed (the &#8220;<font style="font-weight: bold;">Guarantees</font>&#8221;)
        by Jack in the Box SPV Guarantor, LLC, a newly formed, special purpose Delaware limited liability company (&#8220;<font style="font-weight: bold;">Holding Company Guarantor</font>&#8221;), Different Rules, LLC, a newly formed, special purpose Delaware limited
        liability company (the &#8220;<font style="font-weight: bold;">Franchisor</font>&#8221;) and Jack in the Box Properties, LLC, a newly formed, special purpose Delaware limited liability company (&#8220;<font style="font-weight: bold;">JIB Properties</font>&#8221; and,
        together with the Holding Company Guarantor and the Franchisor, the &#8220;<font style="font-weight: bold;">Guarantors</font>&#8221; and each a &#8220;<font style="font-weight: bold;">Guarantor</font>&#8221; and, together with the Master Issuer, the &#8220;<font style="font-weight: bold;">Securitization Entities</font>&#8221;), pursuant to a Guarantee and Collateral Agreement, to be dated July 8, 2019, among the Guarantors and the Trustee (the &#8220;<font style="font-weight: bold;">Guarantee and Collateral
          Agreement</font>&#8221;). On or prior to the Closing Date (as defined below), the membership interests of certain Parent Companies will be distributed pursuant to the Distribution Agreements and the Contributed Assets will be contributed to the
        Securitization Entities pursuant to the Contribution Agreements <font style="color: rgb(0, 0, 0);">(collectively, the &#8220;</font><font style="font-weight: bold; color: rgb(0, 0, 0);">Distribution and Contribution Transactions</font><font style="color: rgb(0, 0, 0);">&#8221;) </font>as described in<font style="color: rgb(0, 0, 0);"> the Pricing Disclosure Package and the Final Offering Memorandum (as defined below). </font> This Agreement is to confirm the agreement concerning the
        purchase of the Offered Notes from the Master Issuer by Guggenheim Securities, LLC, acting as the representative (the &#8220;<font style="font-weight: bold;">Representative</font>&#8221;) for the Initial Purchasers.</div>
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      <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">On or prior to the Closing Date, (i) the Securitization Entities, the Manager and the Trustee will enter into a
        Management Agreement, pursuant to which the Manager will manage the assets and business of the Securitization Entities (the &#8220;<font style="font-weight: bold;">Management Agreement</font>&#8221;), (ii) the Securitization Entities, the Manager, Midland Loan
        Services, a division of PNC Bank, National Association, as servicer (the &#8220;<font style="font-weight: bold;">Servicer</font>&#8221;), and the Trustee will enter into a Servicing Agreement, pursuant to which the Servicer will service and administer the
        Offered Notes (the &#8220;<font style="font-weight: bold;">Servicing Agreement</font>&#8221;), and (iii) the Securitization Entities, the Manager, Houlihan Lokey Consulting, Inc., as back-up manager (the &#8220;<font style="font-weight: bold;">Back-Up Manager</font>&#8221;),
        and the Trustee will enter into a Back-Up Management and Consulting Agreement (the &#8220;<font style="font-weight: bold;">Back-Up Management Agreement</font>&#8221;),&#160; pursuant to which the Back-Up Manager will provide certain consulting and back-up
        management services to the Securitization Entities, the Servicer and the Trustee for the benefit of the Secured Parties.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">For purposes of this Agreement, (i) &#8220;<font style="font-weight: bold;">Parent Companies</font>&#8221; shall mean,
        collectively, Holdco, Jack in the Box Eastern Division L.P., JBX General Partner LLC and JBX Limited Partner LLC, (ii)&#160;&#8220;<font style="font-weight: bold;">Jack in the Box Parties</font>&#8221; shall mean, collectively, the Parent Companies and the
        Securitization Entities, (each, a &#8220;<font style="font-weight: bold;">Jack in the Box Party</font>&#8221;), and (ii) the &#8220;<font style="font-weight: bold;">Relevant Jack in the Box Entities</font>&#8221; shall mean, collectively, each of the Jack in the Box
        Parties, JIB Stored Value Cards, LLC, and Jack in the Box Foundation (each, a &#8220;<font style="font-weight: bold;">Relevant Jack in the Box Entity</font>&#8221;).</div>
      <div style="text-align: justify; text-indent: 36pt; margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">For purposes of this Agreement, capitalized terms used but not defined herein shall have the meanings given to
        such terms in the &#8220;Certain Definitions&#8221; section of the Preliminary Offering Memorandum (as defined below).</div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">1.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Purchase and Resale of the Offered</font>&#160;<font style="font-style: italic;">Notes</font>.&#160; The Offered Notes will be offered and sold by the Master Issuer to the Initial Purchasers
            without registration under the Securities Act of 1933, as amended (the &#8220;<font style="font-weight: bold;">1933 Act</font>&#8221;), in reliance on an exemption pursuant to Section 4(a)(2) under the 1933 Act.&#160; The Jack in the Box Parties have prepared
            (i) a preliminary offering memorandum, dated June 17, 2019 (as amended, supplemented or otherwise modified as of the Applicable Time (as defined below), the &#8220;<font style="font-weight: bold;">Preliminary Offering Memorandum</font>&#8221;) setting
            forth information regarding the Jack in the Box Parties and the Offered Notes, (ii) the investor presentation attached hereto as Exhibit 1 (the &#8220;<font style="font-weight: bold;">Investor Presentation</font>&#8221;), (iii) a pricing term sheet
            substantially in the form attached hereto as Schedule II (the &#8220;<font style="font-weight: bold;">Pricing Term Sheet</font>&#8221;) setting forth the terms of the Offered Notes and certain other information omitted from the Preliminary Offering
            Memorandum and (iv) a final offering memorandum to be dated prior to the Closing Date (as amended or supplemented, the &#8220;<font style="font-weight: bold;">Final</font>&#160;<font style="font-weight: bold;">Offering Memorandum</font>&#8221;), setting forth
            information regarding the Jack in the Box Parties and the Offered Notes. The Preliminary Offering Memorandum, the Pricing Term Sheet and the Investor Presentation are collectively referred to as the &#8220;<font style="font-weight: bold;">Pricing
              Disclosure Package</font>&#8221;.&#160; The Jack in the Box Parties hereby confirm that they<font style="font-style: italic;">&#160;</font>have authorized the use of the Pricing Disclosure Package, the documents and other communications listed on Schedule
            III hereto and the Final Offering Memorandum in connection with the offering and resale of the Offered Notes by the Initial Purchasers. &#8220;<font style="font-weight: bold;">Applicable Time</font>&#8221; means 11:40A.M., New York City time, on the date
            of this Agreement.</font></div>
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          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">2</font></div>
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      <div style="background-color: #FFFFFF;">
        <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-size: 12pt;"><font style="background-color: rgb(255, 255, 255); font-size: 10pt; font-family: 'Times New Roman',Times,serif;">All references in this Agreement to the
            Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum include, unless expressly stated otherwise, all documents, financial statements and schedules and other information contained, incorporated by
            reference or deemed incorporated by reference therein (and references in this Agreement to such information being &#8220;contained,&#8221; &#8220;included&#8221; or &#8220;stated&#8221; (and other references of like import) in the Preliminary Offering Memorandum, the Pricing
            Disclosure Package or the Final Offering Memorandum shall be deemed to mean all such information contained, incorporated by reference or deemed incorporated by reference therein, to the extent such information has not been superseded or
            modified by other information contained, incorporated by reference or deemed incorporated by reference therein). All documents filed (but not furnished to the Initial Purchasers, unless such furnished document is expressly incorporated by
            reference in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum, as the case may be) with the U.S. Securities and Exchange Commission (the &#8220;</font><font style="background-color: rgb(255, 255, 255); font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Commission</font><font style="background-color: rgb(255, 255, 255); font-size: 10pt; font-family: 'Times New Roman',Times,serif;">&#8221;) under the Securities
            Exchange Act of 1934, as amended (the &#8220;</font><font style="background-color: rgb(255, 255, 255); font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">1934 Act</font><font style="background-color: rgb(255, 255, 255); font-size: 10pt; font-family: 'Times New Roman',Times,serif;">&#8221;) and so deemed to be included in the Preliminary Offering Memorandum, Pricing Disclosure Package or the Final Offering Memorandum, as the case may be, or any amendment or
            supplement thereto are hereinafter referred to herein as the &#8220;</font><font style="background-color: rgb(255, 255, 255); font-size: 10pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Exchange Act Reports</font><font style="background-color: rgb(255, 255, 255); font-size: 10pt; font-family: 'Times New Roman',Times,serif;">&#8221;.</font></div>
      </div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">It is understood and acknowledged that upon original issuance thereof, the Offered Notes (and all securities issued in exchange
        therefor or in substitution thereof) will bear the legends that are set forth under the caption &#8220;Transfer Restrictions&#8221; in the Preliminary Offering Memorandum.</div>
      <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">You have advised the Master Issuer that the Initial Purchasers intend to offer and resell (the &#8220;<font style="font-weight: bold;">Exempt
          Resales</font>&#8221;) the Offered Notes purchased by the Initial Purchasers hereunder on the terms set forth in each of the Pricing Disclosure Package and the Final Offering Memorandum, as amended or supplemented, solely (a) to persons whom the
        Initial Purchasers reasonably believe to be &#8220;qualified institutional buyers&#8221; (&#8220;<font style="font-weight: bold;">QIBs</font>&#8221;) as defined in Rule 144A under the 1933 Act (&#8220;<font style="font-weight: bold;">Rule 144A</font>&#8221;) and (b) outside of the
        United States, to persons who are not U.S. Persons (such persons, &#8220;<font style="font-weight: bold;">Non-U.S. Persons</font>&#8221;) as defined in Regulation S under the 1933 Act (&#8220;<font style="font-weight: bold;">Regulation S</font>&#8221;) in offshore
        transactions in reliance on Regulation S, in each case, who have not been identified in writing by a Jack in the Box Party to Guggenheim Securities, LLC as Competitors. As used in the preceding sentence, the terms &#8220;<font style="font-weight: bold;">offshore
          transaction</font>&#8221; and &#8220;<font style="font-weight: bold;">United States</font>&#8221; have the meanings assigned to them in Regulation S. Those persons specified in clauses (a) and (b) above are referred to herein as &#8220;<font style="font-weight: bold;">Eligible

          Purchasers</font>&#8221;.</div>
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        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">3</font></div>
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      <div style="margin-bottom: 12pt; text-indent: 36pt;"><font style="font-family: 'Times New Roman',Times,serif;">2.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Representations and Warranties of the Jack in the Box Parties</font>.&#160; Each of the Jack in the Box Parties jointly and severally, represents and warrants, on and as of the date hereof and on and as of the Closing
          Date, as follows:</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(a)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">When the Offered Notes and Guarantees are issued and delivered pursuant to this Agreement, such Offered Notes and Guarantees will not be of the same class (within the meaning of Rule 144A) as securities that are listed
            on a national securities exchange registered under Section 6 of the 1934 Act or that are quoted in a United States automated inter-dealer quotation system&#160;(as such term is used in the 1934 Act), and such Offered Notes and Guarantees will
            otherwise satisfy the eligibility requirements set forth in Rule 144A(d)(3) of the 1933 Act.</font></div>
        <div><br>
        </div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(b)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Assuming the accuracy of your representations and warranties in Section&#160;3(b) of this Agreement, the purchase and resale of the Offered Notes pursuant to this Agreement (including pursuant to the Exempt Resales) are exempt
          from the registration requirements of the 1933 Act.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(c)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">No form of general solicitation or general advertising within the meaning of Regulation D under the 1933 Act (including, but not limited to, advertisements, articles, notices or other communications published in any
          newspaper, magazine or similar medium or broadcast over television or radio, or any seminar or meeting whose attendees have been invited by any general solicitation or general advertising) (each, a &#8220;<font style="font-weight: bold;">General
            Solicitation</font>&#8221;) was used by the Relevant Jack in the Box Entities, any of their respective affiliates or any of their respective representatives (other than the Initial Purchasers and their affiliates or any of their respective
          representatives, as to whom the Jack in the Box Parties make no representation) in connection with the offer and sale of the Offered Notes.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(d)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">No directed selling efforts within the meaning of Rule 902 under the 1933 Act were used by the Relevant Jack in the Box Entities or any of their respective affiliates or any of their respective representatives (other
            than the Initial Purchasers and their respective affiliates or any of their respective representatives, as to whom the Jack in the Box Parties make no representation) with respect to Offered Notes sold outside the United States to Non-U.S.
            Persons, and each of the Relevant Jack in the Box Entities, their respective affiliates and their respective representatives (other than the Initial Purchasers and their respective affiliates and representatives, as to whom the Jack in the Box
            Parties make no representation) has complied with and will implement the &#8220;<font style="font-weight: bold;">offering restrictions</font>&#8221; required by Rule 902 under the 1933 Act.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(e)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering Memorandum, each as of its respective date, contains all the information specified in, and meeting the requirements of,
            Rule 144A(d)(4) under the 1933 Act.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(f)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities nor any other person acting on behalf of any Relevant Jack in the Box Entity has offered or sold any securities in a manner that would be integrated with the offering of the
          Offered Notes contemplated by this Agreement pursuant to the 1933 Act, the rules and regulations thereunder or the interpretations thereof by the Commission.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">4</font></div>
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      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(g)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering Memorandum have been prepared by the Jack in the Box Parties for use by the Initial Purchasers in connection with the Exempt
          Resales.&#160; No order or decree preventing the use of the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum, or any order asserting that the transactions contemplated by this Agreement are subject to
          the registration requirements of the 1933 Act, has been issued, and no proceeding for that purpose has commenced or is pending or, to the knowledge of any Relevant Jack in the Box Entity, is contemplated.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(h)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Pricing Disclosure Package did not, as of the Applicable Time, and will not, as of the Closing Date, contain an untrue statement of a material fact or omit to state a material fact necessary to make the statements
          therein, in the light of the circumstances under which they were made, not misleading; <font style="font-style: italic;">provided</font> that no representation or warranty is made as to information contained in the Pricing Disclosure Package in
          reliance upon and in conformity with the Initial Purchaser Information (as defined in Section 8(e) below). Each document listed in Schedule III hereto is true and correct in all material respects and no forward looking statement, estimate or
          projection contained therein has been made without a reasonable basis or has been disclosed other than in good faith.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(i)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Final Offering Memorandum will not, as of its date and as of the Closing Date, contain an untrue statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the
          light of the circumstances under which they were made, not misleading; <font style="font-style: italic;">provided</font> that no representation or warranty is made as to information contained in the Final Offering Memorandum in reliance upon and
          in conformity with the Initial Purchaser Information.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(j)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities has prepared, made, used, authorized, approved or distributed and will not, and will not cause or allow its agents or representatives to, prepare, make, use, authorize,
            approve or distribute any written communication (as defined in Rule 405 under the 1933 Act) that constitutes an offer to sell or a solicitation of an offer to buy the Offered Notes, or otherwise is prepared to market the Offered Notes, other
            than the Pricing Disclosure Package and the Final Offering Memorandum<font style="background-color: rgb(255, 255, 255);">,</font> without the prior consent of each Initial Purchaser, and each such written communication, the use of which has
            been previously consented to by each Initial Purchaser, is listed on Schedule III hereto.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(k)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each document listed in Schedule III hereto, when taken together with the Pricing Disclosure Package, did not, as of the Applicable Time, contain an untrue statement of a material fact or omit to state a material fact
            necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; <font style="font-style: italic;">provided </font>that no representation or warranty is made as to information contained
            in or omitted from such document listed in Schedule III hereto in reliance upon and in conformity with the Initial Purchaser Information.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(l)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Exchange Act Reports, when they were or are filed with the Commission, conformed or will conform in all material respects to the applicable requirements of the 1934 Act and the applicable rules and regulations of
            the Commission thereunder.&#160; The Exchange Act Reports did not, when filed with the Commission, contain an untrue statement of material fact or omit to state a material fact necessary in order to make the statements therein, in the light of the
            circumstances under which they were made, not misleading.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">5</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div><br>
        </div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(m)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each of the Relevant Jack in the Box Entities and each of its subsidiaries has been duly organized, is validly existing and in good standing as a corporation, limited liability company, as applicable, under the laws of
          its respective jurisdiction of organization and is duly qualified to do business and in good standing as a foreign corporation or limited liability company, as applicable, in each jurisdiction in which its ownership or lease of property or the
          conduct of its businesses requires such qualification, except where the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have (i)&#160;a material adverse effect on the condition
          (financial or otherwise), results of operations, stockholders&#8217; equity, properties, management,&#160; business or prospects of the Securitization Entities or the Relevant Jack in the Box Entities taken as a whole or (ii) a material adverse effect on
          the performance by the Relevant Jack in the Box Entities of this Agreement, the Offered Notes, the Indenture or any of the other Related Documents or the consummation of any of the transactions contemplated hereby or thereby (collectively,
          clauses (i) and (ii), a &#8220;<font style="font-weight: bold;">Material Adverse Effect</font>&#8221;).&#160; Each of the Relevant Jack in the Box Entities has all corporate or limited liability company power and authority, as applicable, necessary to own or
          lease its properties and to conduct the businesses in which it is now engaged or contemplated in the Pricing Disclosure Package and the Final Offering Memorandum. Jack in the Box does not own or control, directly or indirectly, any corporation,
          limited liability company or other entity other than the subsidiaries listed in Exhibit&#160;21.1 to Jack in the Box&#8217;s Annual Report on Form 10-K for the fiscal year ended September 30,&#160;2018.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(n)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">(i) Holdco has the debt capitalization as set forth in each of the Pricing Disclosure Package and the Final Offering Memorandum, and all of the issued and outstanding equity interests of Holdco have been duly authorized
            and validly issued and are fully paid and non-assessable.</font></div>
        <div><br>
        </div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 108pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ii)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Master Issuer has an authorized capitalization as set forth in each of the Pricing Disclosure Package and the Final Offering Memorandum, and all of the issued and outstanding equity interests of the Master
            Issuer have been duly authorized and validly issued and are fully paid and non-assessable.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 108pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(iii)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="background-color: rgb(255, 255, 255);">All of the </font><font style="background-color: rgb(255, 255, 255);">outstanding shares of capital stock</font><font style="background-color: rgb(255, 255, 255);">, membership interests or other equity interests of each of </font><font style="background-color: rgb(255, 255, 255);">the Securitization Entities are, and upon the Closing Date, each Securitization </font><font style="background-color: rgb(255, 255, 255);">Entity will be, owned</font><font style="background-color: rgb(255, 255, 255);">, directly or indirectly</font><font style="background-color: rgb(255, 255, 255);">, by the Manager, free and clear
              of all </font><font style="background-color: rgb(255, 255, 255);">liens, security interests, mortgages, pledges, charges, equities, claims or restrictions on transferability or encumbrances of any kind (collectively, &#8220;</font><font style="background-color: rgb(255, 255, 255); font-weight: bold;">Liens</font><font style="background-color: rgb(255, 255, 255);">&#8221;), other than those Liens (i)&#160;imposed by the Indenture and the Related Documents, (ii) which constitute
              Permitted Liens or (iii) which result from transfer restrictions imposed by the 1933 Act or the securities or blue sky laws of certain jurisdictions.</font></font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">6</font></div>
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        </div>
        <div><br>
        </div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(o)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Master Issuer has all requisite limited liability company power and authority to execute, deliver and perform its respective obligations under the Indenture. The Indenture has been duly and validly authorized by the
            Master Issuer and upon its execution and delivery and, assuming due authorization, execution and delivery by the Trustee, will constitute the valid and legally binding obligation of the Master Issuer, enforceable against the Master Issuer in
            accordance with its terms, except that such enforceability may be subject to bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors&#8217; rights generally and subject to general
            principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).&#160; Assuming the accuracy of the representations and warranties of the Initial Purchasers contained in Section 3(b) of this
            Agreement, no qualification of the Indenture under the Trust Indenture Act of 1939 (the &#8220;<font style="font-weight: bold;">Trust Indenture Act</font>&#8221;) is required in connection with the offer and sale of the Offered Notes contemplated hereby or
            in connection with the Exempt Resales. When executed by the Master Issuer, the Indenture will conform in all material respects to the description thereof in each of the Pricing Disclosure Package and the Final Offering Memorandum.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(p)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Master Issuer <font style="background-color: rgb(255, 255, 255);">has all requisite limited liability power and authority to execute, issue, sell and perform its obligations under the </font><font style="background-color: rgb(255, 255, 255);">Offered Notes.&#160; </font><font style="background-color: rgb(255, 255, 255);">The Offered Notes have been duly authorized by the Master Issuer and, when duly executed by the Master Issuer in
              accordance with the terms of the Indenture</font>, assuming due authentication of the Offered Notes by the Trustee,<font style="background-color: rgb(255, 255, 255);"> upon delivery to the Initial Purchasers against payment therefor in
              accordance with the terms hereof, will be validly issued and delivered and will constitute valid and legally binding obligations of the Master Issuer entitled to the benefits of the Indenture, enforceable against the Master Issuer in
              accordance with their terms, except that the enforceability may be subject to bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors&#8217; rights generally and subject to general
              principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).&#160; </font>When executed by the Master Issuer, th<font style="background-color: rgb(255, 255, 255);">e </font><font style="background-color: rgb(255, 255, 255);">Offered Notes will conform in all material respects to the description thereof in each of the Pricing Disclosure Package and the </font><font style="background-color: rgb(255, 255, 255);">Final
              Offering Memorandum</font>.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(q)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each Guarantor has all requisite limited liability company power and authority to execute, issue and perform its obligations under the Guarantee and Collateral Agreement. The Guarantee and Collateral Agreement has been
            duly and validly authorized by each of the Guarantors, and upon the Guarantee and Collateral Agreement&#8217;s execution and delivery and assuming the due authorization, execution and delivery by the Trustee the Guarantee and Collateral Agreement
            will constitute the valid and legally binding obligation of each the Guarantors, enforceable against each such Guarantor in accordance with its terms, except that the enforceability may be subject to bankruptcy, insolvency, reorganization,
            fraudulent conveyance or transfer, moratorium or similar laws affecting creditors&#8217; rights generally and subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). When
            executed by each of the Guarantors, the Guarantee and Collateral Agreement will conform in all material respects to the description thereof in each of the Pricing Disclosure Package and the Final Offering Memorandum.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(r)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each of the Relevant Jack in the Box Entities, as applicable, has all required corporate or limited liability company power and authority, as applicable, to execute, deliver and perform its obligations under each
            Related Document to which it is a party (other than the Offered Notes, the Indenture and the Guarantee and Collateral Agreement to the extent covered in Sections 2(o), (p) and (q)).&#160; At the Closing Date, each of the Related Documents will have
            been duly and validly authorized, executed and delivered by each of the Relevant Jack in the Box Entities (to the extent a party thereto) and will constitute the valid and legally binding obligation of each of the Relevant Jack in the Box
            Entities (to the extent a party thereto) enforceable against each of the Relevant Jack in the Box Entities (to the extent a party thereto) in accordance with its terms, except that the enforceability may be subject to bankruptcy, insolvency,
            reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors&#8217; rights generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law)
            and, as to rights of indemnification and contribution with respect to liabilities under securities laws, by principles of public policy.&#160; When executed by the Relevant Jack in the Box Entities (to the extent a party thereto), each<font style="background-color: rgb(255, 255, 255);"> such Related Document will conform in all material respects to the description thereof (if any) in each of the Pricing Disclosure Package and the </font><font style="background-color: rgb(255, 255, 255);">Final Offering Memorandum</font>.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">7</font></div>
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(s)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="background-color: rgb(255, 255, 255);">Each of the </font>Relevant Jack in the Box Entities<font style="background-color: rgb(255, 255, 255);"> has all requisite corporate or limited liability company
              power and authority, as applicable, to execute, deliver and perform its obligations under this Agreement</font>.&#160; This Agreement has been duly and validly authorized, executed and delivered by each of the Relevant Jack in the Box Entities,
            and will constitute the valid and legally binding obligations of each of the Relevant Jack in the Box Entities, enforceable against each of the Relevant Jack in the Box Entities in accordance with its terms, except that such enforceability may
            be subject to bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors&#8217; rights generally and subject to general principles of equity (regardless of whether such enforceability is
            considered in a proceeding in equity or at law)<font style="color: rgb(0, 0, 255);">&#160;</font>and, as to rights of indemnification and contribution with respect to liabilities under securities laws, by principles of public policy.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(t)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">(i) The issue and sale of the Offered Notes and the Guarantees, (ii) the execution, delivery and performance by the Relevant Jack in the Box Entities of the Offered Notes, the Guarantees, the Indenture, this Agreement and
          the other Related Documents (to the extent a party thereto), (iii) the application of the proceeds from the sale of the Offered Notes as described under &#8220;Use of Proceeds&#8221; in each of the Pricing Disclosure Package and the Final Offering Memorandum
          and (iv) the consummation of the transactions contemplated hereby and thereby, do not and will not (A) conflict with or result in a breach or violation of any of the terms or provisions of, impose any lien, charge or encumbrance upon any property
          or assets of any of the Relevant Jack in the Box Entities or any of their respective subsidiaries, or constitute a default under, any indenture, mortgage, deed of trust, loan agreement, credit agreement, security agreement, license, lease or
          other agreement or instrument (giving effect to any amendments or terminations thereof as contemplated by the Pricing Disclosure Package and the Final Offering Memorandum) to which the Relevant Jack in the Box Entities or any of their respective
          subsidiaries is a party or by which the Relevant Jack in the Box Entities or any of their respective subsidiaries is bound or to which any of the property or assets of any of the Relevant Jack in the Box Entities or any of their respective
          subsidiaries is subject, except for (1) Liens created by the Indenture or the other Related Documents and, (2)&#160;Permitted Liens, (B) result in any violation of the provisions of the charter, by-laws, certificate of formation or limited liability
          company agreement (or similar organizational documents) of any of the Relevant Jack in the Box Entities or (C) result in any violation of any statute or any judgment, order, decree, rule or regulation of any court or governmental agency or body
          having jurisdiction over any of the Relevant Jack in the Box Entities or any of their respective subsidiaries or any of their respective properties or assets, except in the case of clauses (A) and (C) as could not, individually or in the
          aggregate, reasonably be expected to have a Material Adverse Effect.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">8</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(u)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">No consent, approval, authorization or order of, or filing, registration or qualification with any court or governmental agency or regulatory body having jurisdiction over any of the Relevant Jack in the Box Entities or
          any of their respective subsidiaries or any of their respective properties or assets is required for the issue and sale of the Offered Notes and the Guarantees, the execution, delivery and performance by any of the Relevant Jack in the Box
          Entities or any of their respective subsidiaries of the Offered Notes, the Guarantees, the Indenture, this Agreement and the other Related Documents (to the extent they are parties thereto), the application of the proceeds from the sale of the
          Offered Notes as described under &#8220;Use of Proceeds&#8221; in each of the Pricing Disclosure Package and the Final Offering Memorandum and the consummation of the transactions contemplated hereby and thereby, except for (A) such consents, approvals,
          authorizations, orders, filings, registrations or qualifications as shall have been obtained or made prior to the Closing Date or are permitted to be obtained or made subsequent to the Closing Date pursuant to the Indenture, (B) such consents,
          approvals, authorizations, orders, filings, registrations or qualifications as may be required under state securities or Blue Sky laws in connection with the purchase and distribution and resale (including pursuant to the Exempt Resales) of the
          Offered Notes by the Initial Purchasers and (C) such consents, approvals, authorizations, orders, filings, registrations or qualifications, the failure of which to obtain could not, individually or in the aggregate, reasonably be likely to have a
          Material Adverse Effect.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(v)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The historical consolidated financial statements of Holdco (including the related notes and supporting schedules) included in the Pricing Disclosure Package and the Final Offering Memorandum present fairly in all material
          respects the financial condition, results of operations and cash flows of the entities referred to therein, at the dates and for the periods indicated, and have been prepared in conformity with accounting principles generally accepted in the
          United States (&#8220;<font style="font-weight: bold;">GAAP</font>&#8221;) applied on a consistent basis throughout the periods involved. The interactive data files included or incorporated by reference in the Pricing Disclosure Package and the Final
          Offering Memorandum fairly present in all material respects the information called for by, and have been prepared in accordance with, the Commission&#8217;s rules and guidelines applicable thereto.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(w)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The &#8220;transaction adjusted&#8221; financial information included in the Pricing Disclosure Package and the Final Offering Memorandum has been derived from the financial statements and the books and records of the Jack in the
            Box Parties and their predecessors in the manner described under and subject to the qualifications and limitations set forth under &#8220;Non-GAAP Financial Measures&#8221;. The assumptions used in preparing the &#8220;transaction adjusted,&#8221; and &#8220;adjusted&#8221;
            financial measures and financial information (collectively, the &#8220;<font style="font-weight: bold;">Adjusted Financial Information</font>&#8221;) included in the Pricing Disclosure Package and the Final Offering Memorandum provide a reasonable basis
            for presenting the significant effects directly attributable to the transactions and events described therein and the related adjustments give reasonable effect to those assumptions. The related adjustments also reflect, in all material
            respects, the proper application of those adjustments to the historical financial statement amounts in the Adjusted Financial Information included in the Pricing Disclosure Package and the Final Offering Memorandum.&#160; The Adjusted Financial
            Information set forth in the Pricing Disclosure Package and the Final Offering Memorandum has been prepared, in all material respects, on a basis consistent with the relevant historical financial statements and give effect to assumptions made
            on a reasonable basis and in good faith and present fairly in all material respects the historical and proposed transactions contemplated by the Adjusted Financial Information. The non-GAAP financial measures that are included in the Pricing
            Disclosure Package and the Final Offering Memorandum have been calculated based on amounts derived from the financial statements and books and records of the Jack in the Box Parties and its predecessors, and the Jack in the Box Parties believe
            that any adjustments to such non-GAAP financial measures have a reasonable basis and have been made in good faith.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">9</font></div>
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(x)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">KPMG LLP, who have certified certain financial statements of Holdco, whose report appears in the Pricing Disclosure Package and the Final Offering Memorandum and who has delivered the Initial Letter referred to in
            Section 7(n) and (o) hereof, (x) are independent registered public accountants with respect to Holdco and its subsidiaries within the meaning of the 1933 Act and the applicable rules and regulations adopted by the Commission and the Public
            Company Accounting Oversight Board and (y) was, as of the date of such report, and is, as of the date hereof, an independent public accounting firm with respect to the Jack in the Box Parties.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(y)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Holdco maintains a system of internal control over financial reporting (as such term is defined in Rule 13a-15(f) under the 1934 Act) that complies with the requirements of the 1934 Act and that has been designed by, or
            under the supervision of, Holdco&#8217;s principal executive and principal financial officers, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in
            accordance with GAAP.&#160; Holdco maintains internal controls sufficient to provide reasonable assurance that (i) records are maintained that in reasonable detail accurately and fairly reflect the transactions and dispositions of the assets of
            Holdco and each of its subsidiaries (ii) transactions are recorded as necessary to permit preparation of Holdco&#8217;s consolidated financial statements in accordance with GAAP and that receipts and expenditures are being made only in accordance
            with authorizations of management and directors of Holdco and each of its subsidiaries and (iii)&#160;the unauthorized acquisition, use or disposition of the assets of Holdco and each of its subsidiaries that could have a material effect on the
            consolidated financial statements are prevented or timely detected.&#160; The auditors&#8217; report regarding the last audited financial statements of Holdco and its subsidiaries included in the Pricing Disclosure Package, while expressing no opinion on
            the effectiveness of internal control, included no qualification regarding internal control.&#160; Since the date of the last audited or reviewed financial statements of Holdco and its subsidiaries included in the Pricing Disclosure Package,
            (i)&#160;Holdco has not been advised of or become aware of any fraud that involves management or other employees who have a significant role in the internal control over financial reporting of Holdco and each of its subsidiaries taken as a whole or
            that is otherwise material to Holdco taken as a whole; and (ii) there have been no significant changes in the internal control over financial reporting of Holdco and each of its subsidiaries that have materially affected or are reasonably
            likely to materially affect the internal control of Holdco and each of its subsidiaries taken as a whole over financial reporting.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(z)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">(i) Holdco maintains disclosure controls and procedures (as such term is defined in Rule 13a-15(e) under the Exchange Act), (ii) such disclosure controls and procedures are designed to ensure that the information required
          to be disclosed by Holdco in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC&#8217;s rules and forms, and that such information is accumulated and
          communicated to management of Holdco, including its principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure to be made; and (iii) such disclosure controls and procedures
          are effective in all material respects to perform the functions for which they were established.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">10</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(aa)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">&#160;Since September 30, 2018, the date of the most recent balance sheet of Holdco and its consolidated subsidiaries audited by KPMG LLP (the &#8220;<font style="font-weight: bold;">Audit Date</font>&#8221;), (i)&#160;the audit committee of
          the board of directors of Holdco has not been advised of or become aware of (A)&#160;any significant deficiencies in the design or operation of internal control over financial reporting, that could reasonably be expected to materially and adversely
          affect the ability of Holdco or any of its subsidiaries to record, process, summarize and report financial data, or any material weaknesses in internal control over financial reporting, and (B)&#160;any fraud, whether or not material, that involves
          management or other employees who have a significant role in the internal control over financial reporting of any of Holdco and each of its subsidiaries or that is otherwise material to Holdco and each of its subsidiaries; and (ii) there have
          been no significant changes in internal control over financial reporting or in other factors that could significantly affect internal control over financial reporting, including any corrective actions with regard to significant deficiencies and
          material weaknesses.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(bb)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The section entitled &#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations&#8212;Discussion of Critical Accounting Estimates&#8221; incorporated by reference in the Preliminary Offering Memorandum
          contained in the Pricing Disclosure Package and the Final Offering Memorandum accurately and fully describes (i) the accounting policies that Holdco believes are the most important in the portrayal of the financial condition and results of
          operations of Holdco and each of its subsidiaries and that require management&#8217;s most difficult, subjective or complex judgments; (ii) the judgments and uncertainties affecting the application of critical accounting policies; and (iii) the
          likelihood that materially different amounts would be reported under different conditions or using different assumptions and an explanation thereof.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(cc)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">There is and has been no material failure on the part of Holdco and any of Holdco&#8217;s directors or officers, in their capacities as such, to comply with any provision of the Sarbanes-Oxley Act of 2002 and the rules and
          regulations promulgated in connection therewith.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(dd)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Except as described in each of the Pricing Disclosure Package and the Final Offering Memorandum, since the Audit Date, none of the Relevant Jack in the Box Entities nor any of their respective subsidiaries has (i)
            sustained any loss or interference with its business or properties from fire, explosion, flood, earthquake, hurricane, accident or other calamity, whether or not covered by insurance, or from any labor disturbance or dispute or court or
            governmental action, order or decree, (ii) issued or granted any securities, (iii) incurred any liability or obligation, direct or contingent, other than liabilities and obligations that were incurred in the ordinary course of business, (iv)
            entered into any transaction not in the ordinary course of business and/or (v) declared or paid any dividend on its capital stock, and since the Audit Date, there has not been any change in the capital stock or limited liability company
            interests, as applicable, or long-term debt of any of the Relevant Jack in the Box Entities or any of their respective subsidiaries or any change, or any development involving a prospective change, in or affecting the condition (financial or
            otherwise), results of operations, stockholders&#8217; equity or limited liability company interests, as applicable, properties, management, business or prospects of any of the Relevant Jack in the Box Entities or any of their respective
            subsidiaries, except in each case as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">11</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div><br>
        </div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ee)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">On the Closing Date, each of the Jack in the Box Parties and each of their respective subsidiaries will have good and marketable title in fee simple to all real property and good and marketable title to all personal
          property owned by them, in each case free and clear of all Liens, except for (i) Permitted Liens and (ii) such Liens as are described in the Pricing Disclosure Package and the Final Offering Memorandum.&#160; All material assets held under lease by
          the Jack in the Box Parties are held by the relevant entity under valid, subsisting and enforceable leases, with such exceptions as do not materially interfere with the use made of such assets by the relevant entity, <font style="background-color: rgb(255, 255, 255);">except that </font>such enforceability <font style="background-color: rgb(255, 255, 255);">may be subject to bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium
            or similar laws affecting creditors&#8217; rights generally and subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law)</font>.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ff)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">As of the Closing Date, the Base Indenture and the Guarantee and Collateral Agreement will be effective to create a valid and continuing Lien on the Collateral in favor of the Trustee on behalf of and for the benefit of
            the Secured Parties, which Lien on the Collateral will have been perfected to the extent recognized by applicable law (subject to any exceptions described in the Pricing Disclosure Package and the Final Offering Memorandum) and will be prior to
            all other Liens (other than Permitted Liens), and will be enforceable as such as against creditors of and purchasers from the Master Issuer and the Guarantors in accordance with its terms, except as such enforceability may be limited by
            bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws affecting creditors&#8217; rights generally or by general equitable principles, whether considered in a proceeding at law or in equity and by an implied
            covenant of good faith and fair dealing. Except as described in the Pricing Disclosure Package and the Final Offering Memorandum, the Master Issuer and the Guarantor will have received all consents and approvals required by the terms of the
            Collateral in order to pledge the Collateral to the Trustee under the Indenture and under the Guarantee and Collateral Agreement.&#160; All consents required to be obtained with respect to the contribution of the Contributed Assets contributed under
            the Contribution Agreements have been obtained and no other consents are required except as set forth in the Pricing Disclosure Package.&#160; All material consents required to be obtained with respect to (i) the contribution of the Contributed
            Assets contributed under the Contribution Agreements and (ii) the distribution of the membership interests distributed under the Distribution Agreements, in each case, have been obtained and no other consents are required except as set forth in
            the Pricing Disclosure Package.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(gg)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">As of the Closing Date, the Distribution and Contribution Transactions shall have been consummated in all material respects to the extent and in accordance with the terms and conditions set forth in the Pricing
            Disclosure Package, the Final Offering Memorandum, the Distribution Agreements and the Contribution Agreements.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">12</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(hh)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Other than the security interest to be granted to the Trustee under the Base Indenture and the Guarantee and Collateral Agreement and pursuant to the other Related Documents, as of the Closing Date after giving effect
            to the application of the proceeds of the Offered Notes, none of the Relevant Jack in the Box Entities nor any of their respective subsidiaries shall have pledged, assigned, sold or granted as of the Closing Date a security interest in the
            Collateral.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ii)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">As of the Closing Date, all action necessary (including the filing of UCC-1 financing statements; <font style="font-style: italic;">provided</font> that notice filings with the United States Patent and Trademark Office
            and the United States Copyright Office shall be filed within fifteen Business Days of the Closing Date) to protect and evidence the Trustee&#8217;s security interest in the Collateral in the United States will have been duly and effectively taken (as
            described in, and subject to any exceptions to be set forth in, the Base Indenture and the Guarantee and Collateral Agreement). As of the Closing Date, no security agreement, financing statement, equivalent security or lien instrument or
            continuation statement authorized by any Jack in the Box Parties or any of their respective subsidiaries and listing such Person as debtor covering all or any part of the Collateral shall be on file or of record in the United States except (i)
            in respect of Permitted Liens, (ii) in respect of any such security interest that will be released on the Closing Date or (iii) such as may have been filed, recorded or made by such Person favor of the Trustee on behalf of the Secured Parties
            in connection with the Base Indenture and the Guarantee and Collateral Agreement, and no such Person has authorized any such filing.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(jj)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each Relevant Jack in the Box Entity and their respective subsidiaries has such permits, licenses, registrations, franchises, certificates of need and other approvals or authorizations of governmental or regulatory
            authorities (&#8220;<font style="font-weight: bold;">Permits</font>&#8221;) as are necessary under applicable law to own their properties and conduct their businesses in the manner described in the Pricing Disclosure Package and the Final Offering
            Memorandum, except for any of the foregoing that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each Relevant Jack in the Box Entity and each of their respective subsidiaries has fulfilled
            and performed all of its obligations with respect to the Permits, and no event has occurred that allows, or after notice or lapse of time would allow, revocation or termination thereof or results in any other impairment of the rights of the
            holder or any such Permits, except for any of the foregoing that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.&#160; None of the Relevant Jack in the Box Entities nor any of their respective
            subsidiaries has received notice of any revocation or modification of any such Permits or has any reason to believe that any such Permits will not be renewed in the ordinary course, except as could not, individually or in the aggregate,
            reasonably be expected to have a Material Adverse Effect.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">13</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(kk)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">(i) Each of the Relevant Jack in the Box Entities and each of their respective subsidiaries owns or possesses valid and adequate rights to use all patents, inventions, invention disclosures and industrial designs ,
            trademarks, service marks, trade names, logos, designs, slogans and other indicia of origin (including all goodwill arising therefrom), copyrights, works of authorship (whether or not copyrightable) and design rights, rights in software
            (whether in source code or object code), data, databases, data collections, systems and technology, rights of privacy and publicity, rights in social media identifiers, usernames and accounts, know-how, trade secrets and other unpatented and/or
            unpatentable proprietary or confidential information, systems or procedures and all other intellectual, proprietary or industrial property rights, and all registrations, applications for registration or issuance, recordings, renewals, and
            extensions of or relating to any of the foregoing (collectively, the &#8220;<font style="font-weight: bold;">Intellectual Property</font>&#8221;) used in or necessary for the conduct of their respective businesses as currently conducted and as currently
            contemplated to be conducted after the Closing Date, and none of the foregoing will be adversely affected by the consummation of the transactions contemplated hereby, <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, for the avoidance of doubt, the foregoing shall not be deemed to constitute a representation or warranty with respect to infringement or other violation of Intellectual Property rights of third parties, which are
            exclusively addressed below in clause (iv); (ii) the Jack in the Box Parties exclusively own and possess free and clear of all Liens all Intellectual Property described in the Pricing Disclosure Package and the Final Offering Memorandum as
            being owned by them or that is otherwise purported to be owned by them (&#8220;<font style="font-weight: bold;">Company Intellectual Property</font>&#8221;); (iii)&#160;there are no third parties who own or possess any right, title or interest in or to any
            Company Intellectual Property, except as specifically disclosed in the Pricing Disclosure Package and the Final Offering Memorandum; (iv) there is and has been no infringement, dilution, misappropriation or other violation (A) by third parties
            of any Company Intellectual Property or (B) by any Relevant Jack in the Box Entity (including by the operation of its respective business or its products or services) of any Intellectual Property rights of any third party, except as
            specifically disclosed in the Pricing Disclosure Package and the Final Offering Memorandum except as could not reasonably be expected to have a Material Adverse Effect; (v) except as specifically disclosed in the Pricing Disclosure Package and
            the Final Offering Memorandum or as could not reasonably be expected to have a Material Adverse Effect, there is no pending action, suit, investigation, or proceeding against any Relevant Jack in the Box Entity or, to the Relevant Jack in the
            Box Entities&#8217; knowledge, threatened claim by any Person: (x) challenging the validity or enforceability of, or Relevant Jack in the Box Entities&#8217; use of or rights in or to, any Company Intellectual Property, (y) alleging any violation of any
            applicable laws, regulations, policies or industry standards regarding data privacy, data security or personally identifiable information or data (including the Payment Card Industry Data Security Standards as promulgated by the Payment Card
            Industry Security Standards Counsel (the &#8220;<font style="font-weight: bold;">PCI-DSS</font>&#8221;)) or (z)&#160;asserting that any of the Relevant Jack in the Box Entities, the operation of their respective businesses or their products or services has
            infringed, diluted, misappropriated or otherwise violated or currently infringes, dilutes, misappropriates or otherwise violates, or would, upon the commercialization of any product or service of the Relevant Jack in the Box Entities or any of
            their subsidiaries described in the Pricing Disclosure Package and the Final Offering Memorandum as under development, infringe, dilute, misappropriate or otherwise violate, any Intellectual Property right of others; (vi) as of the Closing
            Date, (A) the Securitization Entities will solely and exclusively own or otherwise have a valid right to use all of the material Intellectual Property necessary to conduct their business as conducted by the Relevant Jack in the Box Entities
            immediately prior to the Closing Date and (B) the Securitization Entities will solely and exclusively own and possess all Owned Securitization IP and except as specifically disclosed in the Pricing Disclosure Package or the Final Offering
            Memorandum, no Non-Securitization Entity will own any Intellectual Property otherwise necessary for the operation of the businesses as conducted by the Relevant Jack in the Box Entities immediately prior to the Closing Date; and (vii) except as
            specifically disclosed in the Pricing Disclosure Package and the Final Offering Memorandum or as could not reasonably be expected to have a Material Adverse Effect, (A) the Relevant Jack in the Box Entities are in material compliance with all
            applicable laws, regulations, policies and industry standards regarding data privacy, data security or personally identifiable information or data (including PCI-DSS); (B) the Relevant Jack in the Box Entities have taken commercially reasonable
            measures consistent with industry standards to protect the confidentiality of their material trade secrets (including all material trade secrets and confidential information included in the Securitization IP); and (C) to the Relevant Jack in
            the Box Entities&#8217; knowledge, no trade secrets and confidential information included in the Securitization IP have been disclosed or released to any third party except pursuant to commercially reasonable nondisclosure agreements protecting the
            secrecy thereof.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">14</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ll)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Except as would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, the Relevant Jack in the Box Entities (x) have taken commercially reasonable measures to protect the
            confidentiality, integrity and availability of data in the Relevant Jack in the Box Entities&#8217; possession, custody or control, and the integrity and availability of the Relevant Jack in the Box Entities&#8217; information and operational technology
            (including digital channels such as the online website and mobile application); (y) are not aware of any past, ongoing or threatened security breach of, or unauthorized access to, the Relevant Jack in the Box Entities&#8217; information and
            operational technology infrastructure (including technology infrastructure provided by third parties); and (z) are in compliance with the applicable written policies of the Relevant Jack in the Box Entities, contractual requirements (including
            PCI-DSS), and material compliance with all applicable laws, regulations and guidance regarding data privacy, data security, personal data or confidential information.</font></div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(mm)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">There are no legal or governmental proceedings pending to which any Relevant Jack in the Box Entity or any of their respective subsidiaries is a party or of which any property or assets of any of the Relevant Jack in
            the Box Entities or any of their respective subsidiaries is the subject that could, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.&#160; To each Relevant Jack in the Box Entity&#8217;s knowledge, no such
            proceedings are threatened or contemplated by governmental authorities or others.</font></div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(nn)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">There is no contract or other document that would be required to be described in a registration statement filed by Holdco under the 1933 Act or filed as an exhibit to such registration statement of Holdco pursuant to
            Item 601(b)(10) of Regulation S-K that has not been described in or filed as an exhibit to the Pricing Disclosure Package and the Final Offering Memorandum. The statements made in the Pricing Disclosure Package and the Final Offering
            Memorandum, insofar as they purport to constitute summaries of the terms of the contracts and other documents that are so described therein, constitute accurate summaries of the terms of such contracts and documents in all material respects.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(oo)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The statements made in the Pricing Disclosure Package and the Final Offering Memorandum under the captions &#8220;<font style="font-style: italic;">Description of the Offered Notes</font>&#8221; and &#8220;<font style="font-style: italic;">Description of the Indenture and the Guarantee and Collateral Agreement</font>,&#8221; insofar as they constitute a summary of the terms of the Offered Notes and the Indenture, and under the captions &#8220;<font style="font-style: italic;">Risk
              Factors</font>&#8221; &#8220;<font style="font-style: italic;">Description of the Business of Jack in the Box,</font> &#8221; &#8220;<font style="font-style: italic;">Management of Jack in the Box,&#8221;&#160; </font>&#8220;<font style="font-style: italic;">Description of the
              Securitization Entities</font>,&#8221; &#8220;<font style="font-style: italic;">Description of the Franchise Arrangements</font>,&#8221; &#8220;<font style="font-style: italic;">Characteristics of Certain Franchised Restaurants and Company Restaurants,</font>&#8221;<font style="font-style: italic;">&#160;</font>&#8220;<font style="font-style: italic;">Description of the Manager and the Management Agreement,&#8221; &#8220;Description of the Servicer and the Servicing Agreement</font>,&#8221; &#8220;<font style="font-style: italic;">Description
              of the Back-Up Manager and the Back-Up Management Agreement,</font>&#8221;<font style="font-style: italic;"> &#8220;Description of the Series 2019-1 Class A-1 Notes,</font>&#8221;<font style="font-style: italic;">&#160;</font>&#8220;<font style="font-style: italic;">Description
              of the Distribution and Contribution Agreements</font>,&#8221; &#8220;<font style="font-style: italic;">Description of the IP License Agreements</font>,&#8221; &#8220;<font style="font-style: italic;">Description of the Real Estate Activities</font>,&#8221; &#8220;<font style="font-style: italic;">Certain Legal Aspects of the Franchise Arrangements</font>,&#8221; &#8220;<font style="font-style: italic;">Certain U.S. Federal Income Tax Consequences</font>,&#8221; &#8220;<font style="font-style: italic;">Certain ERISA and Related
              Considerations</font>,&#8221; &#8220;<font style="font-style: italic;">Additional Regulatory Considerations</font>,&#8221; &#8220;<font style="font-style: italic;">Plan of Distribution</font>,&#8221; <font style="font-style: italic;">and </font>&#8220;<font style="font-style: italic;">Transfer Restrictions</font>,&#8221; insofar as they purport to constitute summaries of the terms of statutes, rules or regulations, legal or governmental proceedings or contracts and other documents, constitute accurate summaries of the
            terms of such statutes, rules and regulations, legal and governmental proceedings and contracts and other documents in all material respects.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">15</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(pp)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Except as could not reasonably be expected to have a Material Adverse Effect (A) each of the Relevant Jack in the Box Entities and each of their respective subsidiaries carry, or are covered by, insurance from insurers
            of recognized financial responsibility in such amounts and covering such risks as is adequate for the conduct of their respective businesses and the value of their respective properties and as is customary for companies engaged in similar
            businesses in similar industries; (B) all such policies of insurance of the Relevant Jack in the Box Entities and each of their respective subsidiaries are in full force and effect; (C) the Relevant Jack in the Box Entities and each of their
            respective subsidiaries are in compliance with the terms of such policies in all material respects; (D) none of the Relevant Jack in the Box Entities nor any of their respective subsidiaries has received notice from any insurer or agent of such
            insurer that capital improvements or other expenditures are required or necessary to be made in order to continue such insurance; and (E) there are no claims by the Relevant Jack in the Box Entities or any of their respective subsidiaries under
            any such policy or instrument as to which any insurance company is denying liability or defending under a reservation of rights clause.&#160; None of the Relevant Jack in the Box Entities nor any of their respective subsidiaries has any reason to
            believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(qq)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">No labor disturbance by or dispute with the employees or Franchisees of the Relevant Jack in the Box Entities or any of their respective subsidiaries exists or, to the knowledge of any Relevant Jack in the Box Entity, is
          imminent, in each case that could reasonably be expected to have a Material Adverse Effect.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(rr)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Relevant Jack in the Box Entities and their respective subsidiaries have taken the necessary actions to mitigate the risk that (i) employees, independent contractors and consultants of the Franchisees could be
            treated as joint employees of any Relevant Jack in the Box Entity and/or (ii) the Relevant Jack in the Box Entities or any of their respective subsidiaries could be jointly or vicariously liable to or with any employee, independent contractor
            and consultant of the Franchisees with respect to any labor, employment, benefits or other matters except, in each case under clauses (i) and (ii), that could not, individually or in the aggregate, reasonably be expected to have a Material
            Adverse Effect.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ss)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities (i) is in violation of its certificate of formation, limited liability company agreement, charter or by-laws (or similar organizational documents), (ii) is in default, and no
          event has occurred that, with notice or lapse of time or both, would constitute such a default, in the due performance or observance of any term, covenant, condition or other obligation contained in any indenture, mortgage, deed of trust, loan
          agreement, security agreement, license or other agreement or instrument to which it is a party or by which it is bound or to which any of its properties or assets is subject or (iii) is in violation of any statute or any order, rule or regulation
          of any court or governmental agency or body having jurisdiction over it or its property or assets, except in the case of clauses (ii) and (iii), to the extent any such conflict, breach, violation or default could not, individually or in the
          aggregate, reasonably be expected to have a Material Adverse Effect.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">16</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(tt)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Except as described in the Pricing Disclosure Package and the Final Offering Memorandum or as could not reasonably be expected to have a Material Adverse Effect, (i) there are no proceedings that are pending, or<font style="background-color: rgb(255, 255, 255);"> to the knowledge of the Relevant Jack in the Box Entities, threatened</font>, against any of the <font style="background-color: rgb(255, 255, 255);">Relevant Jack in the Box Entities</font> or
            any of their respective subsidiaries under any applicable laws (including common law), regulations, ordinances, rules, orders, judgments, decrees, permits or other legal requirements of any governmental authority, including without limitation
            any applicable international, foreign, national, state, provincial, regional, or local authority, relating to the pollution or protection of the environment or natural resources, or to the use, handling, transportation, generation, treatment,
            storage, disposal, discharge or release of hazardous or toxic substances or wastes, pollutants or contaminants (&#8220;<font style="font-weight: bold;">Environmental Laws</font>&#8221;), (ii) the <font style="background-color: rgb(255, 255, 255);">Relevant
              Jack in the Box Entities</font> and their respective subsidiaries are not aware of any issues regarding compliance with Environmental Laws or liabilities or other obligations under Environmental Laws or concerning hazardous or toxic
            substances or wastes, pollutants or contaminants, and (iii) none of the <font style="background-color: rgb(255, 255, 255);">Relevant Jack in the Box Entities</font> and their respective subsidiaries anticipates expenditures relating to
            Environmental Laws.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(uu)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each of the Relevant Jack in the Box Entities and each of their respective subsidiaries has filed all federal, state, local and foreign tax returns required to be filed through the date hereof, subject to permitted
          extensions, and have paid or caused to be paid all taxes due pursuant to said returns, except for such taxes as are being contested in good faith and by appropriate proceedings diligently conducted and for which adequate reserves are being
          maintained in accordance with GAAP. No tax deficiency has been determined adversely to the Relevant Jack in the Box Entities or any of their respective subsidiaries, nor does any Relevant Jack in the Box Entity have any knowledge of any tax
          deficiencies that have been, or could reasonably be expected to be asserted against the Relevant Jack in the Box Entities or any of their respective subsidiaries, that could, individually or in the aggregate, be expected to have a Material
          Adverse Effect.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">17</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(vv)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Except where a failure to comply with any of the following would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect (i)&#160;each &#8220;employee benefit plan&#8221; (within the meaning of
          Section 3(3) of the Employee Retirement Security Act of 1974, as amended (&#8220;<font style="font-weight: bold;">ERISA</font>&#8221;)) for which the Relevant Jack in the Box Entities or any member of its &#8220;Controlled Group&#8221; (defined as any organization which
          is a member of a controlled group of corporations within the meaning of Section 414 of the Internal Revenue Code of 1986, as amended (the &#8220;<font style="font-weight: bold;">Code</font>&#8221;)) would have any liability (each a &#8220;<font style="font-weight: bold;">Plan</font>&#8221;) has been maintained in compliance with its terms and with the requirements of all applicable statutes, rules and regulations including ERISA and the Code; <font style="font-style: italic;">provided</font> that this clause
          (i) shall not apply to any Plan that is a &#8220;multiemployer plan,&#8221; within the meaning of Section 4001(c)(3) of ERISA; (ii) no prohibited transaction, within the meaning of Section 406 of ERISA or Section 4975 of the Code, has occurred with respect
          to any Plan excluding transactions effected pursuant to a statutory or administrative exemption; (iii) with respect to each Plan subject to Title IV of ERISA (A) no &#8220;reportable event&#8221; (within the meaning of Section 4043(c) of ERISA) has occurred
          or is reasonably expected to occur, (B) no &#8220;accumulated funding deficiency&#8221; (within the meaning of Section 302 of ERISA or Section 412 of the Code), whether or not waived, has occurred or is reasonably expected to occur, (C) the fair market value
          of the assets under each Plan exceeds the present value of all benefits accrued under such Plan (determined based on those assumptions used to fund such Plan) and (D) none of the Relevant Jack in the Box Entities nor any member of their
          Controlled Group has incurred, or reasonably expects to incur, any liability under Title IV of ERISA (other than contributions to the Plan or premiums to the Pension Benefit Guaranty Corporation in the ordinary course and without default) in
          respect of a Plan (including a &#8220;multiemployer plan,&#8221; within the meaning of Section 4001(c)(3) of ERISA); and (iv) each Plan that is intended to be qualified under Section 401(a) of the Code is so qualified and nothing has occurred, whether by
          action or by failure to act, which would cause the loss of such qualification.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ww)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Other than any restrictions under applicable law, no Guarantor is currently prohibited, directly or indirectly, from paying any dividends to its parent or to the Master Issuer, from making any other distribution on such
          Guarantor&#8217;s capital stock, limited liability company or other ownership interests, as applicable, from repaying to its parent or the Master Issuer any loans or advances to such Guarantor from its parent or the Master Issuer or from transferring
          any of such Guarantor&#8217;s property or assets to its parent or the Master Issuer, or any other subsidiary of its parent or the Master Issuer.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(xx)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities nor any of their respective subsidiaries is, and after giving effect to the offer and sale of the Offered Notes and the application of the proceeds therefrom as described
          under &#8220;Use of Proceeds&#8221; in each of the Pricing Disclosure Package and the Final Offering Memorandum will be, an &#8220;investment company&#8221; or a company &#8220;controlled&#8221; by an &#8220;investment company&#8221; within the meaning of the Investment Company Act of 1940, as
          amended (the &#8220;<font style="font-weight: bold;">1940 Act</font>&#8221;), and the rules and regulations of the Commission thereunder. The Master Issuer does not constitute a &#8220;covered fund&#8221; for purposes of the Volcker Rule promulgated under the Dodd-Frank
          Wall Street Reform and Consumer Protection Act.&#160; Payments on the Offered Notes will not depend primarily on cash flow from self-liquidating financial assets within the meaning of Section 3(a)(79) of the 1934 Act.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(yy)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The statistical and market-related data included in the Pricing Disclosure Package and the Final Offering Memorandum and the consolidated financial statements of Holdco, the Master Issuer and their respective subsidiaries
          included in the Pricing Disclosure Package and the Final Offering Memorandum are based on or derived from sources that are reliable in all material respects.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(zz)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Relevant Jack in the Box Entitles will take reasonable precautions designed to ensure that any offer or sale, direct or indirect, in the United States or to any U.S. person (as defined in Rule 902 under the Securities
          Act) of any Offered Notes or any substantially similar security issued by any Relevant Jack in the Box Entity, within six months subsequent to the date on which the distribution of the Offered Notes has been completed (as notified to the Master
          Issuer by the Initial Purchasers), is made under restrictions and other circumstances reasonably designed not to affect the status of the offer and sale of the Offered Notes in the United States and to U.S. persons contemplated by this Agreement
          as transactions exempt from the registration provisions of the Securities Act, including any sales pursuant to Rule 144A under, or Regulation S of, the Securities Act.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">18</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(aaa)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Immediately after giving effect to the consummation of the transactions contemplated by this Agreement and the other Related Documents, each of the Relevant Jack in the Box Entities will be Solvent.&#160; As used in this
          Agreement, the term &#8220;Solvent&#8221; means, with respect to a particular date, that on such date (i)&#160;the present fair market value (or present fair saleable value) of the assets of such relevant entity are not less than the total amount required to pay
          the liabilities of such relevant entity on its total existing debts and liabilities (including contingent liabilities) as they become absolute and matured, (ii)&#160;the relevant entity is able to pay its debts and other liabilities, contingent
          obligations and commitments as they mature and become due in the normal course of business, (iii)&#160;assuming the sale of the Offered Notes as contemplated by this Agreement and the completion of the transactions contemplated by the Related
          Documents, the relevant entity is not incurring debts or liabilities beyond its ability to pay as such debts and liabilities mature, (iv)&#160;the relevant entity is not engaged in any business or transaction, and is not about to engage in any
          business or transaction, for which its property would constitute unreasonably small capital after giving due consideration to the prevailing practice in the industry in which such entity is engaged, and (v) the relevant entity is not otherwise
          insolvent under the standards set forth in any U.S. or non-U.S. federal, state or local statute, law or ordinance, or any judgment, decree, rule, regulation, order or injunction. In computing the amount of such contingent liabilities at any time,
          it is intended that such liabilities will be computed at the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(bbb)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities nor any of their respective subsidiaries is a party to any contract, agreement or understanding with any person (other than this Agreement and the Engagement Letter)
            that could give rise to a valid claim against any of them or the Initial Purchasers for a brokerage commission, finder&#8217;s fee or like payment in connection with the offering and sale of the Offered Notes.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ccc)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the transactions contemplated by this Agreement (including, without limitation, the use of the proceeds from the sale of the Offered Notes), will violate or result in a violation of Section 7 of the 1934
            Act, or any regulation promulgated thereunder, including, without limitation, Regulations T, U and X of the Board of Governors of the Federal Reserve System.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ddd)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities nor any of their respective affiliates have taken, directly or indirectly, any action designed to or that has constituted or that could reasonably be expected to cause or
          result in the stabilization or manipulation of the price of any security of the Master Issuer or any Guarantor in connection with the offering of the Offered Notes.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">19</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(eee)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Relevant Jack in the Box Entities and their respective affiliates have not taken any action or omitted to take any action which may result in the loss by any of the Initial Purchasers of the ability to rely
            on any stabilization safe harbor provided by (i) Article 5 of the Market Abuse Regulation (596/2014) or (ii) the UK Financial Conduct Authority (&#8220;<font style="font-weight: bold;">FCA</font>&#8221;) under s.137Q of the Financial Services and Markets
            Act 2000 (&#8220;<font style="font-weight: bold;">FSMA</font>&#8221;).</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(fff)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities nor any of their respective subsidiaries is in violation of or has received notice of any violation with respect to any federal or state law relating to discrimination in the
          hiring, promotion or pay of employees, nor any applicable federal or state wage and hour laws, nor any state law precluding the denial of credit due to the neighborhood in which a property is situated, the violation of any of which could
          reasonably be expected to have a Material Adverse Effect.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ggg)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities nor any of their respective subsidiaries, nor any director, officer, manager, member, agent, employee, affiliate or other person acting on behalf of such relevant
            entity, has (i) made any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made any direct or indirect unlawful payment to any domestic governmental official, &#8220;foreign official&#8221; (as
            defined in the U.S. Foreign Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (collectively, the &#8220;<font style="font-weight: bold;">FCPA</font>&#8221;)) or employee; (iii) violated or is in violation of any provision
            of the FCPA, the Bribery Act of 2010 of the United Kingdom or any applicable non-U.S. anti-bribery statute or regulation; (iv) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment; or (v) received notice of any
            investigation, proceeding or inquiry by any governmental agency, authority or body regarding any of the matters in clauses (i)-(iv) above; and the Relevant Jack in the Box Entities and their respective subsidiaries and, to the knowledge of such
            relevant entity, the relevant entity&#8217;s affiliates, have conducted their respective businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and which are reasonably expected to continue
            to ensure, continued compliance therewith.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(hhh)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">&#160;The <font style="background-color: rgb(255, 255, 255);">operations of </font>the Relevant Jack in the Box Entities and each of their respective subsidiaries are and have been conducted at all times in
            compliance<font style="background-color: rgb(255, 255, 255);"> with applicable financial record-keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, the money laundering statutes of all
              jurisdictions where the </font>Relevant Jack in the Box Entities<font style="background-color: rgb(255, 255, 255);"> and its subsidiaries conduct business, the rules and regulations thereunder and any related or similar rules, regulations or
              guidelines issued, administered or enforced by any governmental agency (collectively, the &#8220;</font><font style="background-color: rgb(255, 255, 255); font-weight: bold;">Money Laundering Laws</font><font style="background-color: rgb(255, 255, 255);">&#8221;) and no action, suit or proceeding by or before any court or governmental agency, authority or body or any arbitrator involving any Relevant </font>Jack in the Box Entity<font style="background-color: rgb(255, 255, 255);"> or any of
              their respective subsidiaries with respect to the Money Laundering Laws is pending or, to the knowledge of such relevant entity, threatened</font>.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">20</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(iii)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities nor any of their respective subsidiaries nor any director, officer, agent, employee, affiliate or other person acting on behalf of such relevant entity is currently
            the target of any&#160; sanctions administered or enforced by the United States Government, including, without limitation, the U.S. Department of the Treasury&#8217;s Office of Foreign Assets Control (&#8220;<font style="font-weight: bold;">OFAC</font>&#8221;) and
            the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty&#8217;s Treasury, or other relevant sanctions authority (collectively, &#8220;<font style="font-weight: bold;">Sanctions</font>&#8221;), nor is such relevant
            entity located, organized or resident in a country or territory that is the target of Sanctions; the Relevant Jack in the Box Entities and their respective subsidiaries, and their respective directors, officers, agents, employees, affiliates
            and other persons acting on behalf of such relevant entities are in compliance with all applicable Sanctions; and the Relevant Jack in the Box Entities and their respective subsidiaries will not directly or indirectly use the proceeds of the
            offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing the activities of or business with any person, or in any country or
            territory, that currently is the subject of any Sanctions or in any other manner that will result in a violation by any person (including any person participating in the transaction whether as underwriter, advisor, investor or otherwise) of
            Sanctions.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(jjj)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">There are no transfer taxes or other similar fees or charges under Federal law or the laws of any state, or any political subdivision thereof, required to be paid in connection with the execution and delivery of this
          Agreement or the issuance and sale by the Master Issuer and the Guarantors of the Offered Notes.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(kkk)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities nor any of their respective affiliates or representatives, have participated in a plan or scheme to evade the registration requirements of the 1933 Act through the
            sale of the Offered Notes pursuant to Regulation S.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(lll)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of the Relevant Jack in the Box Entities has knowledge that any other party to any material contract being assigned to a Securitization Entity on the Closing Date has any intention not to perform its
            obligations thereunder in all material respects, except as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(mmm)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font style="font-family: 'Times New Roman',Times,serif;">No forward-looking statement (within the meaning of Section 27A of the 1933 Act and Section 21E of the 1934 Act) contained in the Pricing Disclosure Package or the Final Offering Memorandum has been made without a
            reasonable basis or has been disclosed other than in good faith.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(nnn)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The <font style="background-color: rgb(255, 255, 255);">Manager has provided </font><font style="background-color: rgb(255, 255, 255);">(i) a 17g-5 Representation to </font>each Rating Agency (as defined
            below);<font style="background-color: rgb(255, 255, 255);"> (ii) an executed copy of the 17g-5 Representation delivered to each Rating Agency</font><font style="background-color: rgb(255, 255, 255);">) has been delivered to the </font>Representative<font style="background-color: rgb(255, 255, 255);">; and (iii) </font><font style="background-color: rgb(255, 255, 255);">each of the </font>Jack in the Box Parties has<font style="background-color: rgb(255, 255, 255);"> complied in all material
              respects with </font>each 17g-5 Representation. For purposes of this Agreement, &#8220;<font style="font-weight: bold;">17g-5 Representation</font>&#8221; means a written representation provided to each Rating Agency<font style="background-color: rgb(255, 255, 255);">, which satisfies the requirements of Rule 17g-5(a)(3)(iii) of under the </font><font style="background-color: rgb(255, 255, 255);">1934 Act.</font></font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ooo)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each Securitization Entity is, and has always been since its formation, a single-member limited liability company formed in Delaware and properly organized under the laws of Delaware.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ppp)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Neither the Jack in the Box Parties nor any of their affiliates have made or will make an election within the meaning of Treasury Regulation &#167; 301.7701-3I to classify any Securitization Entity as an association
            taxable as a corporation for United States federal income tax purposes.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">21</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(qqq)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">After giving effect to the Distribution Agreements and the Contribution Agreements, all of the issued and outstanding limited liability company interests of the Holding Company Guarantor will be owned by the
            Manager, and all such limited liability company interests will be duly authorized and validly issued, fully paid and non-assessable and owned of record by the Manager, free and clear of all Liens.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(rrr)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">After giving effect to the Distribution Agreements and the Contribution Agreements, all of the issued and outstanding limited liability company interests of the Master Issuer will be owned by the Holding Company
            Guarantor, and all such limited liability company interests will be duly authorized and validly issued, fully paid and non-assessable and owned of record by Holding Company Guarantor, free and clear of all Liens, except for the Liens arising
            under the Indenture or the Guarantee and Collateral Agreement.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(sss)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">After giving effect to the Distribution Agreements and the Contribution Agreements, all of the issued and outstanding limited liability company interests of each of the Franchisor and JIB Properties will be owned
            by the Master Issuer, and all such limited liability company interests will be duly authorized and validly issued, fully paid and non-assessable and owned of record by the Master Issuer, free and clear of all Liens, except for the Liens arising
            under the Indenture or the Guarantee and Collateral Agreement.</font></div>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">Any certificate signed by any officer of any Relevant Jack in the Box Entity and delivered to the Representative or counsel for the
        Representative or any Relevant Jack in the Box Entity in connection with the offering of the Offered Notes shall be deemed a representation and warranty by such Relevant Jack in the Box Entity, as to matters covered thereby, to the Initial
        Purchasers, and not a representation or warranty by the individual (other than in his or her official capacity).</div>
      <div style="font-family: 'Times New Roman',Times,serif; margin-left: 36pt;">3. &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <font style="font-style: italic;">Purchase of the Offered Notes by the Initial Purchasers; Agreements to Sell, Purchase and Resell.</font></div>
      <div style="font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(a)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">On the basis of the representations, warranties, covenants and agreements herein contained, and subject to the terms and conditions herein set forth, the Master Issuer agrees to sell to each Initial Purchaser and each
            Initial Purchaser, severally and not jointly, agrees to purchase from the Master Issuer, at a purchase price as agreed separately by each, in writing, among the Master Issuer and the Initial Purchasers, the principal amount of Offered Notes set
            forth opposite their respective names on Schedule I hereto.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(b)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each of the Initial Purchasers, severally and not jointly, hereby represents and warrants to the Master Issuer that it will offer the Offered Notes for sale upon the terms and conditions set forth in this Agreement, the
            Pricing Disclosure Package and the Final Offering Memorandum. Each of the Initial Purchasers, severally and not jointly, hereby represents and warrants to, and agrees with, the Master Issuer, on the basis of the representations, warranties and
            agreements of the Jack in the Box Parties, that such Initial Purchaser: (i) is a sophisticated investor with such knowledge and experience in financial and business matters as are necessary in order to evaluate the merits and risks of an
            investment in the Offered Notes; (ii) is purchasing the Offered Notes pursuant to a private sale exempt from registration under the 1933 Act; (iii) in connection with the Exempt Resales, will solicit offers to buy the Offered Notes only from,
            and will offer to sell the Offered Notes only to, the Eligible Purchasers in accordance with this Agreement and on the terms contemplated by the Pricing Disclosure Package and the Final Offering Memorandum; and (iv) will not offer or sell the
            Notes, nor has it offered or sold the Notes by, or otherwise engaged in, any General Solicitation and will not engage in any directed selling efforts within the meaning of Rule 902 under the 1933 Act, in connection with the offering of the
            Offered Notes. The Initial Purchasers have advised the Master Issuer that they will offer the Offered Notes to Eligible Purchasers at an initial price as set forth in Schedule II hereto, plus accrued interest, if any, from the date of issuance
            of the Offered Notes.&#160; Such price may be changed by the Initial Purchasers at any time without notice.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">22</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(c)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each Initial Purchaser, severally and not jointly, represents and warrants to the Jack in the Box Parties that:</font></div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 108pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(i)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">It has complied and will comply with all applicable provisions of the FSMA with respect to anything done by it in relation to the Offered Notes in, from or otherwise involving the United Kingdom, and it has only
            communicated or caused to be communicated and it will only communicate or cause to be communicated any invitation or inducement to engage in investment activity (within the meaning of Section 21 of the FSMA) received by it in connection with
            the issue or sale of any Offered Notes, in circumstances in which Section 21(1) of the FSMA does not apply to the Master Issuer; and</font></div>
        <div style="margin-bottom: 12pt; text-indent: 108pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ii)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">It has not offered, sold or otherwise made available and will not offer, sell or otherwise make available any Offered Notes to any Retail Investor in the European Economic Area. For the purposes of this
            provision: (a) the expression &#8220;<font style="font-weight: bold;">Retail Investor</font>&#8221; means a person who is one (or more) of the following (1) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, &#8220;<font style="font-weight: bold;">MiFID II</font>&#8221;) or (2) a customer within the meaning of Directive 2002/92/EC (as amended, the &#8220;<font style="font-weight: bold;">Insurance Mediation Directive</font>&#8221;), where that customer would not qualify as a
            professional client as defined in point (10) of Article 4(1) of MiFID II or (3) not a qualified investor as defined in the Prospectus Directive; and (b) the expression &#8220;<font style="font-weight: bold;">offer</font>&#8221; includes the communication
            in any form and by any means of sufficient information on the terms of the offer and the Offered Notes to be offered so as to enable an investor to decide to purchase or subscribe the Offered Notes.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(d)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Initial Purchasers have not and, prior to the later to occur of (A) the Closing Date and (B) completion of the distribution of the Offered Notes, will not, use, authorize use of, refer to or distribute any material in
          connection with the offering and sale of the Offered Notes other than (i) the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering Memorandum and the documents listed on Schedule III hereto, (ii) any written
          communication that contains either (x) no &#8220;issuer information&#8221; (as defined in Rule 433(h)(2) under the 1933 Act) or (y) &#8220;issuer information&#8221; that was included in the Preliminary Offering Memorandum, the Pricing Disclosure Package, the Final
          Offering Memorandum or the documents listed on Schedule III hereto or (iii) any written communication prepared by such Initial Purchaser and approved by the Master Issuer (or the Manager on its behalf) in writing.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">23</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(e)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each Initial Purchaser hereby acknowledges that upon original issuance thereof, and until such time as the same is no longer required under the applicable requirements of the 1933 Act, the Offered Notes (and all
          securities issued in exchange therefore or in substitution thereof) shall bear legends substantially in the forms as set forth in the &#8220;Transfer Restrictions&#8221; section of the Pricing Disclosure Package and the Final Offering Memorandum (along with
          such other legends as the Master Issuer and their counsel deem necessary).</font></div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">Each of the Initial Purchasers understands that the Master Issuer and, for purposes of the opinions to be delivered to the Initial
        Purchasers pursuant to Sections 7(d), 7(j) and 7(k) hereof, counsel to the Master Issuer and counsel to the Initial Purchasers, will assume the accuracy and truth of the foregoing representations, warranties and agreements, and the Initial
        Purchasers hereby consent to such reliance.</div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">4.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Delivery of the Offered Notes and Payment Therefor</font>.&#160; Delivery to the Representative on behalf of the Initial Purchasers of and payment for the Offered Notes shall be made at the office
          of White &amp; Case LLP, at approximately 10:00 A.M., New York City time, on July 8, 2019 (the &#8220;<font style="font-weight: bold;">Closing Date</font>&#8221;).&#160; The place of closing for the Offered Notes and the Closing Date may be varied by agreement
          between the Initial Purchasers and the Master Issuer.</font></div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">The Offered Notes will be delivered to the accounts of the Representative, or the Trustee as custodian for The Depository Trust
        Company (&#8220;<font style="font-weight: bold;">DTC</font>&#8221;), against payment by or on behalf of the Representative of the purchase price therefor by wire transfer in immediately available funds, by causing DTC to credit the Offered Notes to the account
        of the Representative at DTC.&#160; The Offered Notes will be evidenced by one or more global securities with respect to each series in definitive form and will be registered in the name of Cede &amp; Co. as nominee of DTC.&#160; The Offered Notes to be
        delivered to the Representative shall be made available to the Initial Purchasers in New York City for inspection and packaging not later than 10:00 A.M., New York City time, on the Business Day next preceding the Closing Date.</div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">5.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Agreements of the Jack in the Box Parties</font>.&#160; The Jack in the Box Parties, jointly and severally, agree with the Initial Purchasers as follows:</font></div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(a)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties will furnish to the Initial Purchasers, without charge, within one Business Day of the date of the Final Offering Memorandum, such number of copies of the Final Offering Memorandum as may
            then be amended or supplemented as the Initial Purchasers may reasonably request; <font style="font-style: italic;">provided</font> that such obligation may be satisfied by delivery of the Final Offering Memorandum and any such amendments and
            supplements by electronic means, including by email delivery of a PDF file.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(b)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties shall provide to the Initial Purchasers, without charge, during the period from the date of this Agreement until the earlier of (i) 180 days from the date of this Agreement and (ii) such date
            as of which all of the Offered Notes shall have been sold by the Initial Purchasers (such period, the &#8220;<font style="font-weight: bold;">Offering Period</font>&#8221;), as many copies of the Final Offering Memorandum and any supplements and amendments
            thereto, as the Initial Purchasers may reasonably request; <font style="font-style: italic;">provided</font> that such obligation may be satisfied by delivery of the Final Offering Memorandum and any such amendments and supplements by
            electronic means, including by email delivery of a PDF file.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">24</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div><br>
        </div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(c)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties will prepare the Final Offering Memorandum in a form approved by the Representative and will not make any amendment or supplement to the Pricing Disclosure Package or to the Final Offering
          Memorandum of which the Representative shall not previously have been advised or to which they shall object in a timely manner after being so advised.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(d)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties will (i) advise the Representative promptly of (x) any Commission order preventing or suspending the use of the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final
            Offering Memorandum or (y) any suspension of the qualification of the Offered Notes or the Guarantees for offering or sale in any jurisdiction and of the initiation or threatening of any proceeding for any such purpose, and (ii)&#160;use best
            efforts to prevent the issuance of any such order preventing or suspending the use of the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum or suspending any such qualification and, if any such
            suspension is issued, to obtain the lifting thereof at the earliest possible time.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(e)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each of the Jack in the Box Parties consents to the use of the Pricing Disclosure Package and the Final Offering Memorandum in accordance with the securities or Blue Sky laws of the jurisdictions in which the Offered
          Notes are offered by the Initial Purchasers and by all dealers to whom Offered Notes may be sold, in connection with the offering and sale of the Offered Notes.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(f)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">If, at any time prior to the end of the Offering Period, any event occurs or information becomes known that, in the judgment of any Jack in the Box Party or in the opinion of counsel for the Representative, should be
            set forth in the Pricing Disclosure Package or the Final Offering Memorandum so that the Pricing Disclosure Package or the Final Offering Memorandum, as then amended or supplemented, does not contain an untrue statement of a material fact or
            omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, or if it is necessary to supplement or amend the Pricing Disclosure Package or the
            Final Offering Memorandum in order to comply with any law, the Jack in the Box Parties will promptly prepare an appropriate supplement or amendment thereto, and will expeditiously furnish to the Initial Purchasers a reasonable number of copies
            thereof.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(g)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Promptly from time to time, the Jack in the Box Parties shall take such action as the Representative may reasonably request to qualify the Offered Notes for offering and sale under the securities or Blue Sky laws of
            such jurisdictions as the Representative may request, to comply with such laws so as to permit the continuance of sales and dealings therein in such jurisdictions for as long as may be necessary to complete the distribution of the Offered Notes
            and to arrange for the determination of the eligibility for investment of the Offered Notes under the laws of such jurisdictions as the Representative may reasonably request.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">25</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(h)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">For a period commencing on the date hereof and ending on the 180<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day after the date of the Final Offering Memorandum, the Jack in the Box Parties agree not to, directly or indirectly, (i) offer for sale,
            sell, or otherwise dispose of (or enter into any transaction or device that is designed to, or would be expected to, result in the disposition by any person at any time in the future of) any debt securities of any Jack in the Box Party
            substantially similar to the Offered Notes (&#8220;<font style="font-weight: bold;">Similar Debt Securities</font>&#8221;) or securities convertible into or exchangeable for Similar Debt Securities, sell or grant options, rights or warrants with respect to
            Similar Debt Securities or securities convertible into or exchangeable for Similar Debt Securities, (ii) enter into any swap or other derivatives transaction that transfers to another, in whole or in part, any of the economic benefits or risks
            of ownership of Similar Debt Securities whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Similar Debt Securities or other securities, in cash or otherwise, (iii) file or cause to be filed a
            registration statement, including any amendments, with respect to the registration of Similar Debt Securities or securities convertible, exercisable or exchangeable into Similar Debt Securities or (iv)&#160;publicly announce an offering of any
            Similar Debt Securities or securities convertible or exchangeable into Similar Debt Securities, in each case without the prior written consent of the Representative; <font style="font-style: italic;">provided</font> that this Section 5(h)
            shall not apply to any advances made from time to time pursuant to the Class A-1 Note Purchase Agreement, to be dated on or around July 8, 2019 by and among the Securitization Entities, the Manager, certain Conduit Investors, certain Financial
            Institutions, certain Funding Agents, and <font style="background-color: rgb(255, 255, 255);">Co&#246;peratieve Rabobank, U.A., New York Branch</font>, as L/C Provider and Swingline Lender and Administrative Agent.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(i)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">So long as any of the Offered Notes are outstanding, the Jack in the Box Parties will furnish at their expense to the Representative, and, upon request, to holders of the Offered Notes and prospective purchasers of the
            Offered Notes, the information required by Rule 144A(d)(4) under the 1933 Act (if any).</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(j)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Master Issuer will apply the net proceeds from the sale of the Offered Notes to be sold by the Master Issuer hereunder substantially in accordance with the description set forth in the Pricing Disclosure Package and
            the Final Offering Memorandum under the caption &#8220;Use of Proceeds&#8221;.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(k)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties and their respective affiliates will not take, directly or indirectly, any action designed to or that has constituted or that could cause the stabilization or manipulation of the price of any
            security of the Jack in the Box Parties in connection with the offering of the Offered Notes.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(l)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each Jack in the Box Party<font style="background-color: rgb(255, 255, 255);"> will not, and will not permit any of its respective affiliates (as defined in Rule 144) to, resell any of the </font><font style="background-color: rgb(255, 255, 255);">Offered Notes that have been acquired by any of them</font>, except for Offered Notes purchased by any of the Jack in the Box Parties or any of their respective affiliates and resold in a
            transaction registered under the 1933 Act or in accordance with Rule 144 or other applicable exemption under the 1933 Act.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(m)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties will use their best efforts to permit the Offered Notes to be eligible for clearance and settlement in the United States through DTC and in Europe through Euroclear Bank, S.A./N.V., or
            Clearstream Banking, <font style="font-style: italic;">soci&#233;t&#233; anonyme</font>.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(n)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties will not, and will cause their respective affiliates and representatives not to, engage in any &#8220;directed selling efforts&#8221; within the meaning of Rule 902 under the 1933 Act.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">26</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(o)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties will, and will cause their respective affiliates&#160;and representatives to, comply with and implement the &#8220;offering restrictions&#8221; required by Rule 902 under the 1933 Act.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(p)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties agree not to sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any &#8220;security&#8221; (as defined in the 1933 Act) that would be integrated with the sale of the
            Offered Notes in a manner that would require the registration under the 1933 Act of the sale to the Initial Purchasers or the Eligible Purchasers of the Offered Notes. The Jack in the Box Parties will take reasonable precautions designed to
            insure that any offer or sale, direct or indirect, in the United States or to any U.S. person (as defined in Rule 902 under the 1933 Act), of any Offered Notes or any substantially similar security issued by any Jack in the Box Party, within
            one hundred eighty (180) days subsequent to the date on which the distribution of the Offered Notes has been completed (as notified to the Master Issuer by the Representative) is made under restrictions and other circumstances reasonably
            designed not to affect the status of the offer and sale of the Offered Notes in the United States and to U.S.&#160;persons contemplated by this Agreement as transactions exempt from the registration provisions of the 1933 Act, including any sales
            pursuant to Rule 144A under, or Regulations D or S of, the 1933 Act.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(q)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Master Issuer and the Guarantors agree to comply with all agreements set forth in the representation letters of the Master Issuer and the Guarantors to DTC relating to the approval of the Offered Notes by DTC for
            &#8220;book entry&#8221; transfer.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(r)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties will do and perform all things required to be done and performed under this Agreement by them prior to the Closing Date in order to satisfy all conditions precedent to the Initial Purchasers&#8217;
            obligations hereunder to purchase the Offered Notes.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(s)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">During the Offering Period, the Jack in the Box Parties will not solicit any offer to buy from or offer to sell to any person any Offered Notes except through the Representative. To the extent that the Offering Period
            continues beyond the Closing Date, the Representative will provide the Master Issuer and the Manager written notice of the conclusion of the Offering Period.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(t)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties <font style="background-color: rgb(255, 255, 255);">(i) shall complete on or prior to the Closing Date all filings and other similar actions required in connection with the creation and
              perfection of security interests in the Collateral as and to the extent required by the Indenture, the Offered Notes, the Guarantees and the other Related Documents and (ii) after the Closing Date, shall complete all filings and other similar
              actions that need not be completed on the Closing Date but which may be required in connection with the creation and perfection or maintenance of security interests in the Collateral as and to the extent required by the Indenture, the Offered
              Notes, the Guarantees and the other Related Documents</font>.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">27</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(u)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties and their respective affiliates and representatives will not engage in any General Solicitation in connection with the offer and sale of the Offered Notes.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(v)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties will take such steps as shall be necessary to ensure that no Relevant Jack in the Box Entity becomes required to register as an &#8220;investment company&#8221; within the meaning of such term under the
            1940 Act.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(w)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">No Jack in the Box Party will take any action which would result in the loss by any Initial Purchaser of the ability to rely on any stabilization safe harbor provided by applicable United States or European Union law or
            regulation.&#160; Each Jack in the Box Party hereby authorizes the Initial Purchasers to make such public disclosure of information relating to stabilization as is required by applicable law, regulation and guidance.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(x)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">To the extent that the ratings to be provided with respect to the Offered Notes as set forth in the Pricing Disclosure Package by each of S&amp;P Global Ratings (&#8220;<font style="font-weight: bold;">S&amp;P</font>&#8221;) or any
            successor thereto and Kroll Bond Rating Agency, Inc. (&#8220;<font style="font-weight: bold;">KBRA</font>&#8221;) (each, a &#8220;<font style="font-weight: bold;">Rating Agency</font>&#8221;) are conditional upon the furnishing of documents or the taking of any other
            actions by Jack in the Box Parties or any of their respective affiliates, the Jack in the Box Parties and any of their respective affiliates agree to furnish such documents and take any such other action that is requested by any Rating Agency.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(y)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties have consented to and consent to the use by the Initial Purchasers of (i) the Pricing Disclosure Package, the Final Offering Memorandum and the documents listed on Schedule III hereto, (ii)
            any written communication that contains either (x)&#160;no &#8220;issuer information&#8221; (as defined in Rule 433(h)(2) under the Securities Act) or (y) &#8220;issuer information&#8221; that was included (including through incorporation by reference) in the Preliminary
            Offering Memorandum or any documents listed on Schedule III hereto, (iii)&#160;any written communication prepared by such Initial Purchaser and approved by the Master Issuer in writing, or (iv) any written communication that contains only the terms
            of the Offered Notes and/or other information that was included (including through incorporation by reference) in the Pricing Disclosure Package or the Final Offering Memorandum.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(z)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Manager shall comply, and shall cause the Master Issuer to comply, in all material respects with Rule 17g-5 under the 1934 Act and the 17g-5 Representation.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(aa)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Prior to the Closing Date, the Jack in the Box Parties shall have (i) received consents from each applicable landlord under each Contributed Securitized Lease to be contributed on the Closing Date to the extent the
            terms of such Contributed Securitized Lease require consent from such landlord in order to consummate the assignment from the applicable Parent Company to JIB Properties in order to avoid triggering a default thereunder or (ii) entered into
            other arrangements reasonably satisfactory to the Representative.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">28</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(bb)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties shall take all necessary and appropriate action to terminate and discharge all of the obligations of the Manager and its affiliates, as of the Closing Date, under the Second Amended and
            Restated Credit Agreement dated as of March 19, 2014, as further amended on November 21, 2014, as further amended on July 1, 2015, as further amended on September 16, 2016, as further amended on March 21, 2018, and as further amended on May 1,
            2019 among Holdco, as borrower, Wells Fargo Bank, National Association, as administrative agent and the lenders and other parties from time to time party thereto (the &#8220;<font style="font-weight: bold;">Senior Secured</font>&#160;<font style="font-weight: bold;">Credit Facility</font>&#8221;), in accordance with its respective terms thereunder, and to cause the release of all assets of the Manager, any affiliate of the Manager and any other person subject to any lien related to
            the Senior Secured Credit Facility from such lien (including, without limitation, assets of any guarantor under any associated guarantee).</font></div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">6.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Expenses</font>.&#160; Whether or not the transactions contemplated by this Agreement are consummated or this Agreement is terminated, the Jack in the Box Parties, jointly and severally,
            agree, to pay all reasonable expenses, costs, fees and taxes incident to and in connection with: (a)&#160;the preparation, printing and distribution of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering
            Memorandum (including, without limitation, financial statements and exhibits and one or more versions of the Preliminary Offering Memorandum and the Final Offering Memorandum) and all amendments and supplements thereto (including the fees,
            disbursements and expenses of the Jack in the Box Parties&#8217; accountants, experts and counsel); (b) the preparation, printing (including, without limitation, word processing and duplication costs) and delivery of this Agreement, the Indenture,
            the Offered Notes, the Guarantees and the other Related Documents, all Blue Sky memoranda and all other agreements, memoranda, correspondence and other documents printed and delivered in connection therewith and with the Exempt Resales; (c) the
            issuance and delivery by the Master Issuer of the Offered Notes and by the Guarantors of the Guarantees and any taxes payable in connection therewith; (d) the qualification of the Offered Notes for offer and sale under the securities or Blue
            Sky laws of the several states, Canada and any other foreign jurisdictions as the Representative may designate (including, without limitation, the reasonable fees and disbursements of the Initial Purchasers&#8217; counsel relating to such
            registration or qualification); (e)&#160;the furnishing of such copies of the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering Memorandum, and all amendments and supplements thereto, as may be reasonably
            requested for use in connection with the Exempt Resales; (f) the preparation of certificates for the Offered Notes (including, without limitation, printing and engraving thereof); (g) the fees and expenses of the accountants and other experts
            incurred in connection with the delivery of the comfort letters and &#8220;agreed upon procedures&#8221; letters to the Representative pursuant to the terms of this Agreement; (h) the reasonable fees, disbursements and expenses of outside legal counsel to
            the Representative, the fees of outside accountants, the costs of any diligence service, and the reasonable fees of any other third party service provider or advisor retained by the Representative; (i) the custody of the Offered Notes and the
            approval of the Offered Notes by DTC for &#8220;book-entry&#8221; transfer (including reasonable fees and expenses of counsel for the Initial Purchasers); (j) the rating of the Offered Notes; (k) the obligations of the Trustee, the Servicer, any agent of
            the Trustee or the Servicer and the counsel for the Trustee or the Servicer in connection with the Indenture, the Offered Notes or the other Related Documents; (l) the performance by the Jack in the Box Parties of their other obligations under
            this Agreement and under the other Related Documents which are not otherwise specifically provided for in this Section 6; (m) all reasonable travel expenses (including expenses related to chartered aircraft) of the Initial Purchasers and their
            officers and employees and any other expenses of the Initial Purchasers in connection with attending or hosting meetings with prospective purchasers of the Offered Notes, and expenses associated with any &#8220;road show&#8221; presentation to potential
            investors (including any electronic &#8220;road show&#8221; presentations); (n)&#160;compliance with Rule 17g-5 under the 1934 Act; and (o) all sales, use and other taxes (other than income taxes) related to the transactions contemplated by this Agreement, the
            Indenture, the Offered Notes or the other Related Documents.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">29</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div><br>
        </div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">7.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Conditions to the Initial Purchasers&#8217; Obligations</font>.&#160; The respective obligations of the Initial Purchasers hereunder are subject to the accuracy, when made and on and as of the Closing
          Date, of the representations and warranties of the Jack in the Box Parties contained herein, to the performance by the Jack in the Box Parties and each of their respective obligations hereunder, and to each of the following additional terms and
          conditions:</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(a)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Final Offering Memorandum (and any amendments or supplements thereto) shall have been printed and copies distributed to the Initial Purchasers as promptly as practicable on or following the date of this Agreement or
            at such other date and time as to which the Initial Purchasers may agree.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(b)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall not have discovered and disclosed to the Jack in the Box Parties on or prior to the Closing Date that the Pricing Disclosure Package or the Final Offering Memorandum, or any amendment or
            supplement to any of the foregoing, contains an untrue statement of a fact which, in the opinion of the Representative after consultation with counsel, is material or omits to state a fact which, in the opinion of such counsel, is material and
            is necessary in order to make the statements therein, in the light of the circumstances then prevailing, not misleading.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(c)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">All corporate proceedings and other legal matters incident to the authorization, form and validity of this Agreement, the Offered Notes, the Indenture, the other Related Documents, the Pricing Disclosure Package and the
          Final Offering Memorandum, and all other legal matters relating to this Agreement and the transactions contemplated hereby shall be satisfactory in all material respects to counsel for the Representative, and the Jack in the Box Parties shall
          have furnished to such counsel all documents and information that they may request to enable them to pass upon such matters.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(d)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received one or more opinions and a negative assurance letter of White &amp; Case LLP, counsel to the Jack in the Box Parties, each addressed to the Initial Purchasers and dated the Closing
            Date, in form and substance satisfactory to the Representative and its counsel, which opinion(s) shall include, without limitation, customary coverage with respect to certain corporate, non-contravention, security interest, non-consolidation,
            true contribution, true sale and fair summary matters.</font></div>
        <div><br>
        </div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(e)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received an opinion of in-house counsel to the Jack in the Box Parties, addressed to the Initial Purchasers and dated the Closing Date, in form and substance satisfactory to the
          Representative and its counsel, which opinion shall include the relevant opinions set forth on Exhibit 2-A hereto..</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">30</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(f)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received one or more opinions and a negative assurance letter from Plave Koch PLC, franchise counsel to the Jack in the Box Parties, each addressed to the Initial Purchasers and dated as of
            the Closing Date, in form and substance satisfactory to the Representative and its counsel, which opinion(s) shall include, without limitation, customary coverage with respect to certain franchise law and fair summary matters.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(g)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received an opinion of Dentons US LLP, counsel to the Trustee, addressed to the Initial Purchasers and dated as of the Closing Date, in form and substance satisfactory to the Representative
            and its counsel, which opinion shall include the opinions set forth on Exhibit 2-B hereto.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(h)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received an opinion and negative assurance letter of Andrascik &amp; Tita LLC, counsel to the Servicer, and an opinion of in-house counsel to the Servicer, each addressed to the Initial
            Purchasers and dated the Closing Date, in form and substance reasonably satisfactory to the Representative and its counsel, which opinions shall include the relevant opinions set forth on Exhibit 2-C hereto.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(i)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received an opinion of in-house counsel to the Back-Up Manager, addressed to the Initial Purchasers and dated as of the Closing Date, in form and substance satisfactory to the
            Representative and its counsel, which opinion shall include the relevant opinions set forth on Exhibit 2-D hereto.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(j)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received one or more opinions from Richards, Layton &amp; Finger, P.A., Delaware counsel, each addressed to the Initial Purchasers and dated as of the Closing Date, in form and substance
            satisfactory to the Representative and its counsel, which opinion(s) shall include, without limitation, customary coverage with respect to certain corporate, limited liability company, state law, non-contravention, security interest and
            bankruptcy matters.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(k)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received one or more opinions from White &amp; Case LLP, in its capacity as Texas counsel, addressed to the Initial Purchasers and dated as of the Closing Date, in form and substance
            satisfactory to the Representative and its counsel.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(l)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received from Weil, Gotshal &amp; Manges LLP, counsel for the Initial Purchasers, a negative assurance letter, dated as of the Closing Date, with respect to the issuance and sale of the
            Offered Notes, the Pricing Disclosure Package, the Final Offering Memorandum and other related matters as the Representative may reasonably require, and the Jack in the Box Parties shall have furnished to such counsel such documents and
            information as such counsel reasonably requests for the purpose of enabling them to pass upon such matters.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(m)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">In addition to the other opinions and letters provided for in this Section 7, the Representative shall have been provided with any other opinions that have been addressed to each Rating Agency in connection with the
            transactions contemplated herein, and such opinions will be addressed to the Initial Purchasers.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">31</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(n)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">At the time of execution of this Agreement, the Representative shall have received from KPMG LLP, a &#8220;comfort letter&#8221;, in form and substance reasonably satisfactory to the Representative, addressed to the Initial
            Purchasers and dated the date hereof (i) confirming that they are independent public accountants with respect to Holdco and its subsidiaries within the meaning of the 1933 Act and the applicable rules and regulations adopted by the Commission
            and the Public Company Accounting Oversight Board and are in compliance with the applicable requirements relating to the qualification of accountants under Rule-01 of Regulation S-X of the Commission and (ii) stating, as of the date hereof (or,
            with respect to matters involving changes or developments since the respective dates as of which specified financial information is given in the Pricing Disclosure Package, as of a date not more than three days prior to the date hereof), the
            conclusions and findings of such firm with respect to the financial information and (iii)&#160;covering such other matters as are ordinarily covered by accountants&#8217; &#8220;comfort letters&#8221; to underwriters in connection with registered public offerings.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(o)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">With respect to the letter of KPMG LLP referred to in the preceding paragraph and delivered to the Representative concurrently with the execution of this Agreement (the &#8220;<font style="font-weight: bold;">Initial Letter</font>&#8221;),
            KPMG LLP shall have furnished to the Representative a &#8220;bring-down letter&#8221; of such accountants, addressed to the Initial Purchasers and dated the Closing Date (i)&#160;confirming that they are independent public accountants with respect to Holdco and
            its subsidiaries within the meaning of the 1933 Act and the applicable rules and regulations adopted by the Commission and the Public Company Accounting Oversight Board and are in compliance with the applicable requirements relating to the
            qualification of accountants under Rule 2-01 of Regulation S-X of the Commission, (ii) stating, as of the Closing Date (or, with respect to matters involving changes or developments since the respective dates as of which specified financial
            information is given in each of the Pricing Disclosure Package or the Final Offering Memorandum, as of a date not more than three days prior to the date of the Closing Date), the conclusions and findings of such firm with respect to the
            financial information and other matters covered by the Initial Letter, and (iii) confirming in all material respects the conclusions and findings set forth in the Initial Letter.</font></div>
        <div><br>
        </div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(p)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">At the time of execution of this Agreement, the Representative shall have received from Grant Thorton LLP a letter (the &#8220;<font style="font-weight: bold;">Initial AUP Letter</font>&#8221;), in form and substance satisfactory to
          the Initial Purchasers, addressed to the Initial Purchasers and dated the date hereof, concerning certain agreed-upon procedures performed in respect of the information presented in the Pricing Disclosure Package and the Final Offering Memorandum
          (including the Investor Model Runs (as defined in Schedule III hereto)).</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(q)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">With respect to the Initial AUP Letter referred to in the preceding paragraph and delivered to the Representative concurrently with the execution of this Agreement, Grant Thorton LLP shall have furnished to the
          Representative a &#8220;bring-down letter&#8221;, addressed to the Initial Purchasers and dated the Closing Date stating, as of the Closing Date (or, with respect to matters involving changes or developments since the respective dates as of which specified
          financial information is given in each of the Pricing Disclosure Package or the Final Offering Memorandum, as of a date not more than three (3) days prior to the Closing Date), (i) the conclusions and findings of such firm with respect to the
          matters covered by the Initial AUP Letter, and (ii) confirming in all material respects the conclusions and findings set forth in the Initial AUP Letter.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">32</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(r)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">(i) None of the Jack in the Box Parties shall have sustained, since the Audit Date, any material loss or interference with its business or properties from fire, explosion, flood, earthquake, hurricane, accident or other
            calamity, whether or not covered by insurance, or from any labor dispute or any legal or governmental proceeding, other than as set forth in the Pricing Disclosure Package and the Final Offering Memorandum (exclusive of any supplement thereto);
            and (ii) subsequent to the dates as of which information is given in the Pricing Disclosure Package and the Final Offering Memorandum (exclusive of any supplement thereto), there shall not have been any change in the capital stock or limited
            liability company interests, as applicable, or long-term debt of any of the Jack in the Box Parties or any of their respective subsidiaries or any change, or any development involving a prospective change, in or affecting the condition
            (financial or otherwise), results of operations, stockholders&#8217; equity or limited liability company interests, as applicable, properties, management, business or prospects of any of the Jack in the Box Parties or any of their respective
            subsidiaries, individually or taken as a whole, the effect of which, in any such case described above, is, in the judgment of the Representative, so material and adverse as to make it impracticable or inadvisable to proceed with the offering,
            sale or delivery of the Offered Notes on the terms and in the manner contemplated in the Pricing Disclosure Package and the Final Offering Memorandum.</font></div>
        <div><br>
        </div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(s)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each of the Jack in the Box Parties shall have furnished or caused to be furnished to the Representative dated as of the Closing Date a certificate of Michael J. Snider, Assistant Secretary of Holdco, or other officers
          reasonably satisfactory to the Representative, as to such matters as the Initial Purchasers may reasonably request, including, without limitation, certifications substantially in the form set forth on Schedule IV hereto (subject to such
          modifications as reasonably agreed to by the Representative).</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(t)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received a letter from each Rating Agency stating that the Offered Notes have received a rating of not less than &#8220;BBB&#8221; from KBRA and &#8220;BBB&#8221; from S&amp;P.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(u)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Offered Notes shall be eligible for clearance and settlement in the United States through DTC and in Europe through Euroclear Bank, S.A./N.V., or Clearstream Banking, <font style="font-style: italic;">soci&#233;t&#233; anonyme</font>.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(v)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Jack in the Box Parties and the Trustee, to the extent a party thereto, shall have executed and delivered the Indenture, the Guarantee and Collateral Agreement, the Offered Notes and the other Related Documents. Each
          of the Indenture, the Guarantee and Collateral Agreement, the Offered Notes and the other Related Documents shall have been consummated in accordance with the terms set forth in the Pricing Disclosure Package, the Preliminary Offering Memorandum
          and the Final Offering Memorandum. At the Closing Date, the Distribution and Contribution Transactions shall have been consummated in accordance with the terms and conditions set forth in the Pricing Disclosure Package, the Final Offering
          Memorandum, the Distribution Agreements and the Contribution Agreements.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(w)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received true and executed copies of each of the documents specified in clauses (s), (t), (v), (z), (cc) and (ee) of this Section 7.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">33</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(x)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Subsequent to the earlier of the Applicable Time and the execution and delivery of this Agreement there shall not have occurred any of the following: (i) any domestic or international event or act or occurrence has
            materially disrupted, or in the opinion of the Representative will in the immediate future materially disrupt, the market for the securities of any Jack in the Box Party or securities in general; or (ii) trading on the NYSE, or Nasdaq shall
            have been suspended or been made subject to material limitations, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required, on the NYSE, or Nasdaq or by order of the
            Commission or any other governmental authority having jurisdiction; or (iii) a banking moratorium has been declared by any state or federal authority or any material disruption in commercial banking or securities settlement or clearance
            services shall have occurred; or (iv) (A) there shall have occurred any outbreak or escalation of hostilities or acts of terrorism involving the United States or there is a declaration of a national emergency or war by the United States or (B)
            there shall have been any other calamity or crisis or any change in political, financial or economic conditions if the effect of any such event in (A) or (B), in the judgment of the Representative, makes it impracticable or inadvisable to
            proceed with the offering, sale and delivery of the Offered Notes, on the terms and in the manner contemplated by the Final Offering Memorandum or that, in the judgment of the Representative, could materially and adversely affect the financial
            markets or the markets for the Offered Notes and other debt securities.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(y)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">There shall exist at and as of the Closing Date no condition that would constitute a default (or an event that with notice or the lapse of time, or both, would constitute a default) under the Indenture or a material
            breach under any of the other Related Documents as in effect at the Closing Date (or an event that with notice or lapse of time, or both, would constitute such a default or material breach). On the Closing Date, each of the Related Documents
            shall be in full force and effect, shall conform in all material respects to the description thereof contained in the Pricing Disclosure Package and the Final Offering Memorandum and shall not have been modified.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(z)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each of the Jack in the Box Parties shall have furnished to the Initial Purchasers a certificate, in form and substance reasonably satisfactory to the Representative, dated as of the Closing Date, of the Chief Financial
            Officer (or, if such entity has no Chief Financial Officer, of another Authorized Officer) of such entity that such entity will be Solvent immediately after the consummation of the transactions contemplated by this Agreement and the Related
            Documents.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(aa)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">None of (i) the issuance and sale of the Offered Notes pursuant to this Agreement, (ii) the transactions contemplated by the Related Documents or (iii) the use of the Pricing Disclosure Package or the Final Offering
            Memorandum shall be subject to an injunction (temporary or permanent) and no restraining order or other injunctive order shall have been issued; and there shall not have been any legal action, order, decree or other administrative proceeding
            instituted or (to the knowledge of the Jack in the Box Parties) overtly threatened against the Jack in the Box Parties or the Initial Purchasers that could reasonably be expected to adversely impact the issuance of the Offered Notes or the
            Initial Purchasers&#8217; activities in connection therewith or any other transactions contemplated by the Related Documents or the Pricing Disclosure Package.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">34</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(bb)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received evidence reasonably satisfactory to the Representative and its counsel, that on or before the Closing Date, all existing liens encumbrances, equities or claims (other than
            Permitted Liens) on the Collateral shall have been released and all UCC-1 financing statements and assignments and other instruments required to be filed on or prior to the Closing Date pursuant to the Related Documents have been or are being
            filed.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(cc)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Representative shall have received evidence reasonably satisfactory to the Representative and its counsel that all conditions precedent to the issuance of the Offered Notes that are contained in the Indenture have
            been satisfied, including confirmation that the Rating Agency Condition with respect to the Offered Notes has been satisfied.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(dd)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The representations and warranties of each of the Relevant Jack in the Box Entities (to the extent a party thereto) contained in the Related Documents to which each of the Relevant Jack in the Box Entities is a party
            will be true and correct in all material respects as of the Closing Date.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ee)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Senior Secured Credit Facility shall have been duly terminated and all the obligations of the Manager and its affiliates thereunder shall have been discharged in accordance with its terms and all assets of the
            Parent Companies and/or any other person subject to any lien related to the Senior Secured Credit Facility (including, without limitation, assets of any guarantor under any related guarantee) shall have been released from such lien. The Manager
            shall have delivered to the Initial Purchasers a certificate, along with an instrument acceptable to the Representative, evidencing the release of any lien granted to the creditors thereunder.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(ff)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">On or prior to the Closing Date, the Jack in the Box Parties shall have furnished to the Initial Purchasers such further certificates and documents as the Representative may reasonably request.</font></div>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">All opinions, letters, evidence and certificates mentioned above or elsewhere in this Agreement shall be deemed to be in compliance
        with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Representative.</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">35</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">8.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Indemnification and Contribution</font>.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(a)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each of the Jack in the Box Parties shall, jointly and severally, indemnify and hold harmless each Initial Purchaser, its affiliates, directors, officers, employees and each person, if any, who controls any Initial
            Purchaser within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act (each, an &#8220;<font style="font-weight: bold;">Initial Purchaser Indemnified Party</font>&#8221;), against any and all losses, liabilities, claims, damages and
            expenses whatsoever as incurred (including but not limited to reasonable attorneys&#8217; fees and any and all reasonable and documented expenses whatsoever incurred in investigating, preparing or defending against any litigation, commenced or
            threatened, or any claim whatsoever, and any and all amounts paid in settlement of any claim or litigation), joint or several, to which they or any of them may become subject under the 1933 Act, the 1934 Act or otherwise, insofar as such
            losses, liabilities, claims, damages or expenses (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of a material fact contained in (A) the Preliminary Offering Memorandum, the
            Pricing Disclosure Package or the Final Offering Memorandum or in any amendment or supplement thereto, (B) in any Blue Sky application or other document prepared or executed by any of the Jack in the Box Parties (or based upon any information
            furnished by any of the Jack in the Box Parties) specifically for the purpose of qualifying any or all of the Offered Notes under the securities laws of any state or other jurisdiction (any such application, document or information being
            hereinafter called a &#8220;<font style="font-weight: bold;">Blue Sky Application</font>&#8221;) or (C) in the documents and information listed on Schedule III hereto or any other materials or information used or provided with the knowledge, authorization
            or permission of any Jack in the Box Party (whether obtained in person, in writing, orally, electronically or otherwise) in connection with the marketing of the offering of the Offered Notes, including any road show or investor presentations
            made to investors by any of the Jack in the Box Parties, whether in person or electronically (all of the foregoing materials described in this clause (C), the &#8220;<font style="font-weight: bold;">Marketing Materials</font>&#8221;), (ii) the omission or
            alleged omission to state in the Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum, or in any amendment or supplement thereto, or in any Blue Sky Application or in any Marketing Materials, any
            material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading, (iii) any act or failure to act or any alleged act or failure to act by any Initial Purchaser in
            connection with, or relating in any manner to, the Offered Notes or the offering contemplated hereby, and that is included as part of or referred to in any loss, claim, damage, liability or action or expense arising out of or based upon matters
            covered by clause (i) or (ii) above, or (iv) the violation of any securities laws (including without limitation the anti-fraud provision thereof) of any foreign jurisdiction in which the Offered Notes are offered; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that the Jack in the Box Parties will not be liable in any such case to the extent but only to the extent that it is determined in a final and non-appealable
            judgment by a court of competent jurisdiction that any such loss, liability, claim, damage or expense arises directly and primarily out of or is based directly and primarily upon any such untrue statement or alleged untrue statement or omission
            or alleged omission made therein in reliance upon and in conformity with written information furnished to any of the Jack in the Box Parties by or on behalf of the Initial Purchasers through the Representative expressly for use in the
            Preliminary Offering Memorandum, the Pricing Disclosure Package, the Final Offering Memorandum, amendment or supplement thereto, Blue Sky Application or Marketing Materials (as the case may be).&#160; The parties agree that such information provided
            by or on behalf of any Initial Purchaser through the Representative consists solely of the Initial Purchaser Information.</font></div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">Each of the Jack in the Box Parties hereby agrees, jointly and severally, to indemnify and hold harmless each Initial Purchaser
          Indemnified Party, against any and all losses, liabilities, claims, damages and expenses whatsoever as incurred (including but not limited to reasonable attorneys&#8217; fees and any and all reasonable and documented expenses whatsoever incurred in
          investigating, preparing or defending against any litigation, commenced or threatened, or any claim whatsoever, and any and all amounts paid in settlement of any claim or litigation), joint or several, to which they or any of them may become
          subject, insofar as such loss, claim, damage, liability or action arises out of, or is based upon, any website maintained in compliance with Rule 17g-5 under the 1934 Act by or on behalf of any Jack in the Box Party in connection with the
          marketing of the offering of the Offered Notes.</div>
        <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">Except as otherwise provided in Section 8(c), each of the Jack in the Box Parties agrees that it shall, jointly and severally,
          reimburse each Indemnified Party promptly upon demand for any reasonable and documented legal or other expenses incurred by that Initial Purchaser Indemnified Party in connection with investigating or defending or preparing to defend against any
          losses, liabilities, claims, damages or expenses for which indemnity is being provided pursuant to this Section 8(a) as such expenses are incurred.</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">36</font></div>
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        <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">The foregoing indemnity agreement will be in addition to any liability which the Jack in the Box Parties may otherwise have,
          including but not limited to other liability under this Agreement.</div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(b)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Each Initial Purchaser, severally and not jointly, shall indemnify and hold harmless each Jack in the Box Party, each of the officers, directors and employees of each Jack in the Box Party, and each other person, if
            any, who controls such Jack in the Box Party within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act (each, a &#8220;<font style="font-weight: bold;">Jack in the Box Indemnified Party</font>&#8221;), against any losses, liabilities,
            claims, damages and expenses whatsoever as incurred (including but not limited to reasonable attorneys&#8217; fees and any and all reasonable and documented expenses whatsoever incurred in investigating, preparing or defending against any litigation,
            commenced or threatened, or any claim whatsoever, and any and all amounts paid in settlement of any claim or litigation), joint or several, to which they or any of them may become subject under the 1933 Act, the 1934 Act or otherwise, insofar
            as such losses, liabilities, claims, damages or expenses (or actions in respect thereof) arise out of or are based upon (i) any untrue statement or alleged untrue statement of a material fact contained (A) in the Preliminary Offering
            Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum or in any amendment or supplement thereto, (B) in any Blue Sky Application or (C) in any Marketing Materials, or (ii) the omission or alleged omission to state in the
            Preliminary Offering Memorandum, the Pricing Disclosure Package or the Final Offering Memorandum, or in any amendment or supplement thereto, in any Blue Sky Application or in any Marketing Materials any material fact necessary in order to make
            the statements therein, in the light of the circumstances under which they were made, not misleading, but in each case only to the extent that the untrue statement or alleged untrue statement or omission or alleged omission was made in reliance
            upon and in conformity with written information furnished to any of the Jack in the Box Parties by or on behalf of any Initial Purchaser through the Representative expressly for use in the Preliminary Offering Memorandum, the Pricing Disclosure
            Package, the Final Offering Memorandum, amendment or supplement thereto, Blue Sky Application or Marketing Materials (as the case may be, which information the Jack in the Box Parties acknowledge and agree is limited to the Initial Purchaser
            Information); <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that in no case shall any Initial Purchaser be liable or responsible for any amount in excess of the discount received by such
            Initial Purchaser attributable to the Offered Notes to be purchased by such Initial Purchaser under this Agreement.</font></div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">The foregoing indemnity agreement will be in addition to any liability which the Initial Purchasers may otherwise have, including
          but not limited to other liability under this Agreement.</div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">37</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(c)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Promptly after receipt by an indemnified party under subsection (a) or (b) above of notice of any claims or the commencement of any action, such indemnified party shall, if a claim in respect thereof is to be made
            against the indemnifying party under such subsection, notify each party against whom indemnification is to be sought in writing of the claim or the commencement thereof (but the failure so to notify an indemnifying party shall not relieve the
            indemnifying party from any liability which it may have under this Section 8 to the extent that it is not materially prejudiced due to the forfeiture of substantive rights or defenses as a result thereof or otherwise has notice of any such
            action, and in any event shall not relieve it from any liability that such indemnifying party may have otherwise than on account of the indemnity agreement hereunder).&#160; In case any such claim or action is brought against any indemnified party,
            and it notifies an indemnifying party of the commencement thereof, the indemnifying party will be entitled to participate, at its own expense in the defense of such action, and to the extent it may elect by written notice delivered to the
            indemnified party promptly after receiving the aforesaid notice from such indemnified party, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; <font style="font-style: italic;">provided</font>, <font style="font-style: italic;">however</font>, that counsel to the indemnifying party shall not (except with the written consent of the indemnified party) also be counsel to the indemnified party.&#160; Notwithstanding the foregoing, the indemnified
            party or parties shall have the right to employ its or their own counsel in any such case, but the fees and expenses of such counsel shall be at the expense of such indemnified party or parties unless (i)&#160;the employment of such counsel shall
            have been authorized in writing by one of the indemnifying parties in connection with the defense of such action, (ii) the indemnifying parties shall not have employed counsel reasonably satisfactory to such indemnified party to have charge of
            the defense of such action within a reasonable time after notice of commencement of the action, (iii) <font style="background-color: rgb(255, 255, 255);">such indemnified party or parties shall have reasonably concluded, based on advice of
              counsel, that there may be </font>legal <font style="background-color: rgb(255, 255, 255);">defenses available to it or them which are different from or additional to those available to the indemnifying parties, or (</font>iv<font style="background-color: rgb(255, 255, 255);">) the named parties in any such proceeding (including any impleaded parties) include both the indemnifying party and the indemnified party and representation of both sets of parties by the same
              counsel would present a conflict due to actual or potential differing interests between them, in any of which events&#160;(i)&#160;through (</font><font style="background-color: rgb(255, 255, 255);">iv) such fees and expenses shall be borne by the
              indemnifying parties (and the indemnifying parties shall not have the right to direct the defense of such action on behalf of the indemnified party or parties; </font><font style="background-color: rgb(255, 255, 255); font-style: italic;">provided</font><font style="background-color: rgb(255, 255, 255);">, </font><font style="background-color: rgb(255, 255, 255); font-style: italic;">however</font><font style="background-color: rgb(255, 255, 255);">, that in no event will the indemnifying parties
              be liable for the fees and expenses of more than one counsel for the indemnified parties for any one action or related group of actions (together with any local counsel in any applicable jurisdiction</font>).&#160; <font style="background-color: rgb(255, 255, 255);">No indemnifying party shall, without the prior written consent of the indemnified </font>parties, effect any settlement or compromise of, or consent to the entry of judgment with respect to, any <font style="background-color: rgb(255, 255, 255);">pending or threatened claim, investigation, action or proceeding in respect of which indemnity or contribution may be or could have been sought by an indemnified party under this Section 8
              (whether or not the indemnified party is an actual or potential party thereto), unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability arising out of such claim,
              investigation, action or proceeding and (ii) does not include a statement as to or an admission of fault, culpability or any failure to act, by or on behalf of the indemnified party.&#160; No indemnifying party shall be liable for any settlement
              or compromise of, or consent to the entry of judgment with respect to, any such action or claim effected without its consent</font>.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">38</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(d)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">In order to provide for contribution in circumstances in which the indemnification provided for in Section 8(a) through (c) is for any reason held to be unavailable from any indemnifying party or is insufficient to hold
            harmless a party indemnified thereunder, the Jack in the Box Parties and the Initial Purchasers shall contribute to the aggregate losses, claims, damages, liabilities and expenses of the nature contemplated by such indemnification provision
            (including any reasonable and documented investigation, legal and other expenses incurred in connection with, and any amount paid in settlement of, any action, suit or proceeding or any claims asserted), but after deducting in the case of
            losses, claims, damages, liabilities and expenses suffered by the Jack in the Box Parties, any contribution received by the Jack in the Box Parties from persons, other than the Initial Purchasers, who may also be liable for contribution,
            including their directors, officers, employees and persons who control the Jack in the Box Parties within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act as incurred to which the Jack in the Box Parties and one or more
            of the Initial Purchasers may be subject, in such proportions as is appropriate to reflect the relative benefits received by the Jack in the Box Parties and the Initial Purchasers from the offering and sale of the Offered Notes under this
            Agreement or, if such allocation is not permitted by applicable law, in such proportions as are appropriate to reflect not only the relative benefits referred to above but also the relative fault of the Jack in the Box Parties and the Initial
            Purchasers in connection with the statements or omissions which resulted in such losses, claims, damages, liabilities or expenses, as well as any other relevant equitable considerations.&#160; The relative benefits received by the Jack in the Box
            Parties and the Initial Purchaser shall be deemed to be in the same proportion as the total proceeds from the offering and sale of the Offered Notes under this Agreement (net of discounts and commissions but before deducting expenses) received
            by the Jack in the Box Parties or their affiliates under this Agreement, on the one hand, and the discounts or commissions received by the Initial Purchasers under this Agreement, on the other hand, bear to the aggregate offering price to
            investors of the Offered Notes purchased under this Agreement, as set forth on the cover of the Final Offering Memorandum.&#160; The relative fault of each of the Jack in the Box Parties (on the one hand) and of the Initial Purchasers (on the other
            hand) shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Jack in the Box
            Parties or their affiliates, on the one hand, or the Initial Purchasers (which the Jack in the Box Parties acknowledge and agree is limited solely to the Initial Purchaser Information), on the other hand, and the parties&#8217; relative intent,
            knowledge, access to information and opportunity to correct or prevent such statement or omission.&#160; The Jack in the Box Parties and the Initial Purchasers agree that it would not be just and equitable if contribution pursuant to this Section
            8(d) were determined by pro rata allocation (even if the Initial Purchasers were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to above in this
            Section 8(d).&#160; The aggregate amount of losses, liabilities, claims, damages and expenses incurred by an indemnified party and referred to above in this Section 8(d) shall be deemed to include any documented legal or other expenses reasonably
            incurred by such indemnified party in investigating, preparing or defending against any litigation, or any investigation or proceeding by any judicial, regulatory or other legal or governmental agency or body, commenced or threatened, or any
            claim whatsoever based upon any such untrue or alleged untrue statement or omission or alleged omission.&#160; Notwithstanding the provisions of this Section 8(d), (i) no Initial Purchaser shall be required to contribute any amount in excess of the
            amount by which the discounts and commissions received by such Initial Purchaser attributable to the Offered Notes resold by it to Eligible Purchasers under this Agreement exceeds the amount of any damages which such Initial Purchaser has
            otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission, and (ii) no person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be
            entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.&#160; For purposes of this Section 8(d), (A) each of the Initial Purchaser Indemnified Parties other than the Initial Purchasers shall have the same
            rights to contribution as the Initial Purchasers, and (B) each director, officer or employee of the Jack in the Box Parties and each person, if any, who controls the Jack in the Box Parties within the meaning of Section 15 of the 1933 Act or
            Section 20 of the 1934 Act shall have the same rights to contribution as the Jack in the Box Parties, subject in each case of (A) and (B) to clauses (i) and (ii) of the immediately preceding sentence.&#160; Any party entitled to contribution will,
            promptly after receipt of notice of commencement of any action, suit or proceeding against such party in respect of which a claim for contribution may be made against another party or parties, notify each party or parties from whom contribution
            may be sought, but the omission to so notify such party or parties shall not relieve the party or parties from whom contribution may be sought from any obligation it or they may have under this Section 8(d) or otherwise.&#160; The obligations of the
            Jack in the Box Parties to contribute pursuant to this Section 8(d) shall be joint and several.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">39</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(e)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">The Initial Purchasers, severally and not jointly, confirm and the Jack in the Box Parties acknowledge and agree that (i) the statements with respect to the offering of the Offered Notes by the Initial Purchasers set
            forth in the third to last paragraph (relating to overallotment, stabilization and similar activities) of the section entitled &#8220;Plan of Distribution&#8221; in the Pricing Disclosure Package and the Final Offering Memorandum and (ii) the name of the
            Initial Purchasers set forth on the front and back cover page of the Preliminary Offering Memorandum and the Final Offering Memorandum constitute the only information concerning such Initial Purchasers furnished in writing to the Jack in the
            Box Parties by or on behalf of the Initial Purchasers specifically for inclusion in the Preliminary Offering Memorandum, the Pricing Disclosure Package and the Final Offering Memorandum or in any amendment or supplement thereto or in any Blue
            Sky Application (the &#8220;<font style="font-weight: bold;">Initial Purchaser Information</font>&#8221;).</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">9.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif; font-style: italic;">Defaulting Initial Purchasers.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(a)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">If, on the Closing Date, any Initial Purchaser defaults in its obligations to purchase the Offered Notes that it has agreed to purchase under this Agreement, the remaining non-defaulting Initial Purchasers may in their
          discretion arrange for the purchase of such Offered Notes by the non-defaulting Initial Purchasers or other persons satisfactory to the Master Issuer on the terms contained in this Agreement.&#160; If, within 36 hours after any such default by any
          Initial Purchaser, the non-defaulting Initial Purchasers do not arrange for the purchase of such Offered Notes, then the Master Issuer shall be entitled to a further period of 36 hours within which to procure other persons reasonably satisfactory
          to the non-defaulting Initial Purchasers to purchase such Offered Notes on such terms.&#160; In the event that within the respective prescribed periods, the non-defaulting Initial Purchasers notify the Master Issuer that they have so arranged for the
          purchase of such Offered Notes, or the Master Issuer notifies the non-defaulting Initial Purchasers that it has so arranged for the purchase of such Offered Notes, either the non-defaulting Initial Purchasers or the Master Issuer may postpone the
          Closing Date for up to seven full Business Days in order to effect any changes that in the opinion of counsel for the Master Issuer or counsel for the Initial Purchasers may be necessary in the Pricing Disclosure Package, the Final Offering
          Memorandum or in any other document or arrangement, and the Master Issuer agrees to promptly prepare any amendment or supplement to the Pricing Disclosure Package or the Final Offering Memorandum that effects any such changes.&#160; As used in this
          Agreement, the term &#8220;Initial Purchaser&#8221; includes, for all purposes of this Agreement unless the context requires otherwise, any party not listed in Schedule&#160;I hereto that, pursuant to this Section&#160;9, purchases Offered Notes that a defaulting
          Initial Purchaser agreed but failed to purchase.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">40</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
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      </div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(b)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">If, after giving effect to any arrangements for the purchase of the Offered Notes of a defaulting Initial Purchaser or Initial Purchasers by the non-defaulting Initial Purchasers and any persons procured by the Master
          Issuer as provided in paragraph (a)&#160;above, the aggregate principal amount of such Offered Notes that remains unpurchased does not exceed one-eleventh of the aggregate principal amount of all the Offered Notes, then the Master Issuer shall have
          the right to require each non-defaulting Initial Purchaser to purchase the principal amount of Offered Notes that such Initial Purchaser agreed to purchase hereunder plus such Initial Purchaser&#8217;s <u>pro</u>&#160;<u>rata</u> share (based on the
          principal amount of Offered Notes that such Initial Purchaser agreed to purchase hereunder) of the Offered Notes of such defaulting Initial Purchaser or Initial Purchasers for which such arrangements have not been made; <font style="font-style: italic;">provided</font> that the non-defaulting Initial Purchasers shall not be obligated to purchase more than 110% of the aggregate principal amount of Offered Notes that they agreed to purchase on the Closing Date pursuant to the terms of
          Section&#160;3.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(c)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">If, after giving effect to any arrangements for the purchase of the Offered Notes of a defaulting Initial Purchaser or Initial Purchasers by the non-defaulting Initial Purchasers and any persons procured by the Master
          Issuer as provided in paragraph (a)&#160;above, the aggregate principal amount of such Offered Notes that remains unpurchased exceeds one-eleventh of the aggregate principal amount of all the Offered Notes, or if the Master Issuer shall not exercise
          the right described in paragraph (b)&#160;above, then this Agreement shall terminate without liability on the part of the non-defaulting Initial Purchasers.&#160; Any termination of this Agreement pursuant to this Section&#160;9 shall be without liability on
          the part of the Jack in the Box Parties, except that the Jack in the Box Parties will continue to be liable for the payment of expenses as set forth in Sections&#160;6 and 13 except with respect to a defaulting Initial Purchaser and except that the
          provisions of Section&#160;8 shall not terminate and shall remain in effect.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(d)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">Nothing contained herein shall relieve a defaulting Initial Purchaser of any liability it may have to the Jack in the Box Parties or any non-defaulting Initial Purchaser for damages caused by its default.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">10.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Termination</font>.&#160; The Representative shall have the right to terminate this Agreement at any time prior to the Closing Date, if, at or after the Applicable Time: (i) any domestic or
            international event or act or occurrence has materially disrupted, or in the opinion of the Representative will in the immediate future materially disrupt, the market for the Master Issuer&#8217;s securities or securities in general; or (ii) trading
            on the NYSE or Nasdaq shall have been suspended or been made subject to material limitations, or minimum or maximum prices for trading shall have been fixed, or maximum ranges for prices for securities shall have been required, on the NYSE or
            Nasdaq or by order of the Commission or any other governmental authority having jurisdiction; or (iii) a banking moratorium has been declared by any state or federal authority or any material disruption in commercial banking or securities
            settlement or clearance services shall have occurred; or (iv) (A) there shall have occurred any outbreak or escalation of hostilities or acts of terrorism involving the United States or there is a declaration of a national emergency or war by
            the United States or (B) there shall have been any other calamity or crisis or any change in political, financial or economic conditions if the effect of any such event in (A) or (B), in the judgment of the Representative, makes it
            impracticable or inadvisable to proceed with the offering, sale and delivery of the Offered Notes, on the terms and in the manner contemplated by the Final Offering Memorandum; or (v) any of the events described in Sections 7(r) or 7(x) shall
            have occurred or any other condition described in Section 7 shall fail to have been satisfied or the Initial Purchasers shall decline to purchase the Offered Notes for any reason permitted under this Agreement. Any notice of termination
            pursuant to this Section 10 shall be in writing.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">41</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
        <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">11.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Non-Assignability</font>.&#160; None of the Jack in the Box Parties may assign its rights and obligations under this Agreement. No Initial Purchaser may assign its respective rights and
            obligations under this Agreement, except that an Initial Purchaser shall have the right to substitute any one of its affiliates as the purchaser of the Offered Notes that it has agreed to purchase hereunder (&#8220;<font style="font-weight: bold;">Substituting
              Initial Purchaser</font>&#8221;), by a written notice to the Master Issuer, which notice shall be signed by both the Substituting Initial Purchaser and such affiliate, shall contain such affiliate&#8217;s agreement to be bound by this Agreement and shall
            contain a confirmation by such affiliate of the accuracy with respect to it of the representations set forth in Section 3. Upon receipt of such notice, wherever the word &#8220;Initial Purchaser&#8221; is used in this Agreement (other than in this Section
            11), such word shall be deemed to refer to such affiliate in lieu of the Substituting Initial Purchaser.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">12.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Reimbursement of Initial Purchasers&#8217; Expenses</font>.&#160; If (a) the Master Issuer for any reason fails to tender the Offered Notes for delivery to the Initial Purchasers, or (b) the
            Initial Purchasers decline to purchase the Offered Notes for any reason permitted under this Agreement, the Jack in the Box Parties shall jointly and severally reimburse the Initial Purchasers for all reasonable and reasonably documented
            out-of-pocket expenses (including fees and disbursements of counsel for the Initial Purchasers) incurred by the Initial Purchasers in connection with this Agreement and the proposed purchase of the Offered Notes, and upon demand shall pay the
            full amount thereof to the Initial Purchasers. If this Agreement is terminated pursuant to Section 9 by reason of the default of one or more Initial Purchasers, the Jack in the Box Parties shall not be obligated to reimburse any defaulting
            Initial Purchaser on account of those expenses.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">13.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Notices, etc</font>.&#160; All statements, requests, notices and agreements hereunder shall be in writing, and:</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(a)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">if to any Initial Purchaser, to Guggenheim Securities, LLC, 330&#160;Madison Avenue, New York, New York 10017, Attention: Structured Products&#160;Capital&#160;Markets (email:&#160; <u>Cory.Wishengrad@guggenheimpartners</u>.com; <u>Marina.Pristupova@guggenheimpartners</u>.com),

            with a copy to the Deputy General Counsel (email: <u>Alex.Sheers@guggenheim</u>.com) and with a copy to Weil, Gotshal &amp; Manges LLP, 767 5th Avenue, New York, New York 10153, Attention: Frank Nocco (email: frank.nocco@weil.com); and</font></div>
        <div style="margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(b)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">if to any of the Jack in the Box Parties, shall be delivered or sent by hand delivery, mail, overnight courier or facsimile transmission to 9330 Balboa Avenue, San Diego, CA 92123, Attention: General Counsel; and with a
            copy to White &amp; Case LLP, 1221 Avenue of the Americas, New York, New York 10020, Attention: David Thatch (email: dthatch@whitecase.com).</font></div>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">Any such statements, requests, notices or agreements shall take effect at the time of receipt thereof.</div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">42</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">14.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Persons Entitled to Benefit of Agreement</font>.&#160; This Agreement shall inure to the benefit of and be binding upon the Initial Purchasers, the Jack in the Box Parties and their respective
          successors.&#160; This Agreement and the terms and provisions hereof are for the sole benefit of only those persons, except that the representations, warranties, indemnities and agreements of the Jack in the Box Parties contained in this Agreement
          shall also be deemed to be for the benefit of the Initial Purchaser Indemnified Parties and, in the case of Section 8(b) only, the Jack in the Box Indemnified Parties.&#160; Nothing in this Agreement is intended or shall be construed to give any
          person, other than the persons referred to in this Section 14, any legal or equitable right, remedy or claim under or in respect of this Agreement or any provision contained herein.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">15.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Survival</font>.&#160; The respective indemnities, rights of contribution, representations, warranties and agreements of any of the Jack in the Box Parties and the Initial Purchasers contained
          in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall survive the delivery of and payment for the Offered Notes and shall remain in full force and effect, regardless of any termination of this
          Agreement or any investigation made by or on behalf of any of them or any person controlling any of them.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">16.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Definition of the Terms &#8220;Business Day&#8221;, &#8220;Affiliate&#8221;, and &#8220;Subsidiary&#8221;</font>.&#160; For purposes of this Agreement, (a) &#8220;business day&#8221; means any day on which the New York Stock Exchange, Inc.
          is open for trading, and (b) &#8220;affiliate&#8221; and &#8220;subsidiary&#8221; have the meanings set forth in Rule 405 under the 1933 Act.</font></div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">17.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Governing Law</font>.&#160; <font style="font-weight: bold;">This Agreement and any claim, controversy or dispute arising under or related to this Agreement shall
            be governed by and construed in accordance with the laws of the State of New York.</font></font></div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">18.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Submission to Jurisdiction and Venue.&#160; </font>Each of the parties hereto hereby irrevocably and unconditionally:</font></div>
      <div style="margin-top: 12pt; margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(a)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">submits for itself and its property in any legal action or proceeding relating to this Agreement or any of the transactions contemplated hereby, or for recognition and enforcement of any
          judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York, the courts of the United States for the Southern District of New York, and appellate courts from any thereof;</font></div>
      <div style="margin-top: 12pt; margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(b)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such
          court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same;</font></div>
      <div style="margin-top: 12pt; margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(c)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage
          prepaid, to any party hereto at its address set forth in Section 13 or at such other address of which such party shall have been notified pursuant thereto; and</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">43</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="margin-top: 12pt; margin-bottom: 12pt; text-indent: 72pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">(d)</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;">agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction; and waives, to the
          maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 18 any special, exemplary, punitive or consequential damages.</font></div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">Each of the Jack in the Box Parties and each of the Initial Purchasers agree that any suit, action or proceeding arising out of or based upon this
        Agreement or the transactions contemplated hereby may be instituted in any State or U.S. federal court in The City of New York and County of New York, and waives any objection that such party may now or hereafter have to the laying of venue of any
        such proceeding, and irrevocably submits to the exclusive jurisdiction of such courts in any suit, action or proceeding.</div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">19.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Waiver of Jury Trial</font>.&#160; Each of the Jack in the Box Parties and the Initial Purchasers hereby irrevocably waive, to the fullest extent permitted by applicable law, any and all right
          to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">20.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">No Fiduciary Duty</font>.&#160; The Jack in the Box Parties acknowledge and agree that (a) the purchase and sale of the Offered Notes pursuant to this Agreement, including the determination
            of the offering price of the Offered Notes and any related discounts and commissions, is an arm&#8217;s-length commercial transaction between the Jack in the Box Parties, on the one hand, and the several Initial Purchasers, on the other hand, (b) in
            connection with the offering, sale and the delivery of the Offered Notes and the process leading thereto, each Initial Purchaser and their respective representatives are and have been acting solely as a principal and is not the agent or
            fiduciary of any Jack in the Box Party, any of its respective subsidiaries or its respective stockholders, creditors, employees or any other party, (c) no Initial Purchaser or any of its respective representatives has assumed or will assume an
            advisory, agency or fiduciary responsibility in favor of any Jack in the Box Party with respect to the offering, sale and delivery of the Offered Notes or the process leading thereto (irrespective of whether such Initial Purchaser or its
            representative has advised or is currently advising the Jack in the Box Parties or any of their respective subsidiaries on other matters) and no Initial Purchaser or its respective representative has any obligation to the Jack in the Box
            Parties with respect to the offering of the Offered Notes except the obligations expressly set forth in this Agreement, (d) the Initial Purchasers and their respective affiliates and representatives may be engaged in a broad range of
            transactions that involve interests that differ from those of the Jack in the Box Parties, (e) any duties and obligations that the Initial Purchasers may have to the Jack in the Box Parties shall be limited to those duties and obligations
            specifically stated herein, and (f) the Initial Purchasers have not provided any legal, accounting, regulatory or tax advice with respect to the offering of the Offered Notes and the Jack in the Box Parties have consulted their own respective
            legal, accounting, regulatory and tax advisors to the extent they deemed appropriate.&#160; The Jack in the Box Parties hereby waive any claims that they each may have against the Initial Purchasers with respect to any breach of fiduciary duty in
            connection with the Offered Notes.</font></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">21.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Counterparts</font>.&#160; This Agreement may be executed in one or more counterparts, including by facsimile, scanned PDF and other means of electronic transmission, and, if executed in more
          than one counterpart, the executed counterparts shall each be deemed to be an original but all such counterparts shall together constitute one and the same instrument.</font></div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">44</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">22.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Headings</font>.&#160; The headings herein are inserted for convenience of reference only and are not intended to be part of, or to affect the meaning or interpretation of, this Agreement.</font></div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">23.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">Severability</font>.&#160; In case any provision of this Agreement shall be deemed invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions
            shall not in any way be affected or impaired thereby.</font></div>
        <div style="margin-bottom: 12pt; text-indent: 36pt; text-align: justify;"><font style="font-family: 'Times New Roman',Times,serif;">24.</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: 'Times New Roman',Times,serif;"><font style="font-style: italic;">No Integration.&#160; </font>This Agreement shall be separate and apart from, and shall not supersede, the engagement letter engagement letter dated November 15, 2018, between Holdco and
            Guggenheim Securities, LLC, and the terms of the engagement letter shall remain in full force and effect, except to the extent provided therein.</font></div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">45</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
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        </div>
      </div>
      <div style="text-align: justify; text-indent: 72pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">If the foregoing correctly sets forth the agreement among the Master Issuer, the Manager, the Parent Companies, the Guarantors and
        the Initial Purchasers, please indicate your acceptance in the space provided for that purpose below.</div>
      <div style="text-align: justify; margin-left: 369pt; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">Very truly yours,</div>
      <div style="text-align: justify; margin-left: 405pt; font-family: 'Times New Roman',Times,serif;">JACK IN THE BOX FUNDING, LLC</div>
      <div style="text-align: justify; margin-left: 405pt; font-family: 'Times New Roman',Times,serif;"><br>
        <br>
        By:<font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab"> </font><u>/s/Michael J. Snider &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160;</u> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
        <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Name: Michael J. Snider<br>
        <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Title:&#160;&#160; Assistant Secretary</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 405pt; font-family: 'Times New Roman',Times,serif;">JACK IN THE BOX INC.</div>
      <div style="text-align: justify; margin-left: 405pt; font-family: 'Times New Roman',Times,serif;"><br>
        <br>
        By:<font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab"> </font><u>/s/Michael J. Snider&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; </u><br>
        <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Name: Michael J. Snider<br>
        <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Title:&#160;&#160; Assistant Secretary</div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 405pt; font-family: 'Times New Roman',Times,serif;">JACK IN THE BOX SPV GUARANTOR, LLC</div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 405pt;"><font style="font-family: 'Times New Roman',Times,serif;">By:</font><font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab"> </font><font style="font-family: 'Times New Roman',Times,serif;"><u>/s/Michael
            J. Snider&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160; </u><br>
          <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Name: Michael J. Snider<br>
          <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Title:&#160;&#160; Assistant Secretary</font></div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 405pt; font-family: 'Times New Roman',Times,serif;">DIFFERENT RULES, LLC</div>
      <div style="text-align: justify; margin-left: 405pt; font-family: 'Times New Roman',Times,serif;"><br>
        <br>
        By:<u>/s/Michael J. Snider &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</u> &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
        <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Name: Michael J. Snider<br>
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      <div style="text-align: justify; margin-left: 405pt; font-family: 'Times New Roman',Times,serif;">JACK IN THE BOX PROPERTIES, LLC</div>
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        By:<font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab"> </font><u>/s/Michael J. Snider&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><br>
        <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Name: Michael J. Snider<br>
        <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Title:&#160;&#160; Assistant Secretary</div>
      <div style="text-align: justify; margin-left: 405pt; font-family: 'Times New Roman',Times,serif;"> <br>
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      <div style="text-align: justify; margin-left: 405pt; font-family: 'Times New Roman',Times,serif;"> <br>
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        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic;">[Signature Page to Purchase Agreement]</div>
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        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">46</font></div>
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      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: justify; margin-left: 396pt; font-family: 'Times New Roman',Times,serif;">JACK IN THE BOX EASTERN DIVISION L.P.</div>
      <div style="text-align: justify; margin-left: 396pt; font-family: 'Times New Roman',Times,serif;"><br>
        <br>
        By:&#160; JBX General Partner LLC,<br>
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        By:<u>/s/Michael J. Snider&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><br>
        <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Name: Michael J. Snider<br>
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      <div style="text-align: justify; margin-left: 396pt; font-family: 'Times New Roman',Times,serif;">JBX GENERAL PARTNER LLC<br>
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        By:&#160; Jack in the Box Inc.,<br>
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        By:<u>/s/Michael J. Snider&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><br>
        <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Name: Michael J. Snider<br>
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      <div style="text-align: justify; margin-left: 396pt; font-family: 'Times New Roman',Times,serif;">JBX LIMITED PARTNER LLC</div>
      <div style="text-align: justify; margin-left: 396pt; font-family: 'Times New Roman',Times,serif;"><br>
        <br>
        By:&#160; Jack in the Box Inc.,<br>
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        By:&#160;<font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab"> </font><u>/s/Michael J. Snider&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><br>
        <font style="text-indent: 0px;" id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;</font>Name: Michael J. Snider<br>
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      <div style="text-align: justify; margin-left: 396pt; font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
      <div style="text-align: justify; margin-left: 396pt; font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
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        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic;">[Signature Page to Purchase Agreement]</div>
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      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">47</font></div>
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          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div><br>
      </div>
      <div style="margin-bottom: 10pt;"><br>
      </div>
      <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">Accepted:</div>
      <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">GUGGENHEIM SECURITIES, LLC,</div>
      <div><br>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="margin-bottom: 12pt;"><br>
        </div>
        <div><br>
        </div>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">By___/s/<u>Cory Wishengrad</u>___________________<br>
        &#160;&#160;&#160;&#160;Name: Cory Wishengrad</div>
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      <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;"><br>
        <br>
        Acting on behalf of itself and as Representative of the Initial Purchasers</div>
      <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;"> <br>
      </div>
      <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">
        <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-style: italic;">[Signature Page to Purchase Agreement]</div>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">48</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="margin-bottom: 10pt;"><br>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z966713bf4ff4437a9d6f95df4fc731ac" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; padding-left: 9pt; width: 82%;">
              <div style="text-align: center; font-weight: bold;">SCHEDULE I</div>
            </td>
            <td valign="bottom" colspan="3" style="vertical-align: top; text-align: justify;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Principal</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Amount of</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Series 2019-1 Class A-2-I Notes</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"> to be</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 82%;">
              <div style="text-align: center; font-weight: bold;"><u>Initial Purchasers</u></div>
            </td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"><u>Purchased</u></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">Guggenheim Securities, LLC</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">270,250,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">Morgan Stanley &amp; Co. LLC</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">270,250,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">Wells Fargo Securities, LLC</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">8,625,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">BofA Securities, Inc.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">8,625,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 82%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="background-color: rgb(255, 255, 255); font-family: &#38;quot;">Rabo Securities USA, Inc.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-family: &#38;quot;">17,250,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="1" style="vertical-align: top; width: 82%; padding-bottom: 4px;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">&#160;&#160;&#160;&#160;&#160;Total</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0);">
              <div style="font-family: &#38;quot;">575,000,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z9c49b3c390ce4efa8edfeeeb9e65d082" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Principal</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Amount of</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Series 2019-1 Class A-2-II Notes</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"> to be</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%;">
              <div style="text-align: center; font-weight: bold;"><u>Initial Purchasers</u></div>
            </td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"><u>Purchased</u></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">Guggenheim Securities, LLC</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">129,250,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">Morgan Stanley &amp; Co. LLC</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">129,250,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">Wells Fargo Securities, LLC</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">4,125,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">BofA Securities, Inc.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">4,125,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="background-color: rgb(255, 255, 255); font-family: &#38;quot;">Rabo Securities USA, Inc.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-family: &#38;quot;">8,250,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%; padding-bottom: 4px;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">&#160;&#160;&#160;&#160;&#160;Total</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0);">
              <div style="font-family: &#38;quot;">275,000,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="0" border="0" id="z91fda51b66c54a85b01da9a0ababcfc1" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Principal</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Amount of</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;">Series 2019-1 Class A-2-III Notes</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; text-align: center; width: 82%;">&#160;</td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"> to be</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%;">
              <div style="text-align: center; font-weight: bold;"><u>Initial Purchasers</u></div>
            </td>
            <td valign="bottom" colspan="3" style="vertical-align: top;">
              <div style="text-align: center; font-weight: bold;"><u>Purchased</u></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">Guggenheim Securities, LLC</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">211,500,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">Morgan Stanley &amp; Co. LLC</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">211,500,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">Wells Fargo Securities, LLC</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">6,750,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">BofA Securities, Inc.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%;">
              <div style="font-family: &#38;quot;">6,750,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%; padding-bottom: 2px;">
              <div style="text-align: justify;"><font style="background-color: rgb(255, 255, 255); font-family: &#38;quot;">Rabo Securities USA, Inc.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="font-family: &#38;quot;">13,500,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: top; width: 82%; padding-bottom: 4px;">
              <div style="text-align: justify;"><font style="font-family: &#38;quot;">&#160;&#160;&#160;&#160;&#160;Total</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">
              <div style="font-family: &#38;quot;">$</div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 15%; border-bottom: 4px double rgb(0, 0, 0);">
              <div style="font-family: &#38;quot;">450,000,000.00</div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: #000000 double 4px;">&#160;</td>
          </tr>

      </table>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">49</font></div>
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">SCHEDULE II</div>
      <div><br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">PRICING TERM SHEET</div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">JACK IN THE BOX FUNDING, LLC<br>
          Master Issuer<br>
        </font><br>
      </div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Pricing Supplement dated June 28, 2019</div>
      <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-weight: bold;">to the Preliminary Offering Memorandum dated June 17, 2019</div>
      <div><br>
      </div>
      <div>
        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">$575,000,000 Series 2019-1 3.982% Fixed Rate Senior Secured Notes, Class A-2-I</div>
        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">$275,000,000 Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II</div>
        <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-style: italic; font-weight: bold;">$450,000,000 Series 2019-1 4.970% Fixed Rate Senior Secured Notes, Class A-2-III</div>
      </div>
      <div style="margin-top: 12pt; margin-bottom: 12pt;"><br>
      </div>
      <div style="margin-top: 12pt; margin-bottom: 12pt;">
        <table cellspacing="0" cellpadding="0" border="0" align="left" id="z25314ba5e936409a9513a9a9ed129989" style="width: 60%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left;">

            <tr>
              <td valign="bottom" style="vertical-align: top; width: 40%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Gross Proceeds to the Master Issuer:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top; text-align: right;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 2%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 40%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-I</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 35%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; text-align: right;">$</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 22%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">575,000,000</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 2%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 40%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-II</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 35%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; text-align: right;">$</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 22%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">275,000,000</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 2%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 40%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-III</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 35%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; text-align: right;">$</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 22%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">450,000,000</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 2%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 40%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Price to Investors:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 35%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 22%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 2%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 40%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-I</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 35%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 22%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">100.00</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 2%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">%</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 40%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-II</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 35%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 22%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">100.00</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 2%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">%</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 40%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-III</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 35%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 22%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">100.00</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 2%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">%</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 40%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Interest/Coupon Rate:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: right; vertical-align: bottom; width: 35%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 22%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 2%;">&#160;</td>
            </tr>

        </table>
        <div style="clear: both;"><br>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" id="z943f506f85024532ad152aa81da891c3" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

            <tr>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-I</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 53%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">3.982% per annum</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-II</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 53%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">4.476% per annum</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-III</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 53%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">4.970% per annum</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Ratings (S&amp;P):</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 53%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#8220;BBB&#8221;</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Ratings (KBRA):</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 53%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">&#8220;BBB&#8221;</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Trade Date:</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 53%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;"> June 28, 2019</div>
              </td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 47%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Closing Date:</div>
              </td>
              <td valign="bottom" style="vertical-align: top; width: 53%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">July 8, 2019 (T+5)</div>
              </td>
            </tr>

        </table>
        <div><br>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">50</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000; width: 100%;">

            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Cut-Off Date:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">8-Jul-19</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Initial Purchasers:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Guggenheim Securities, LLC; Morgan Stanley &amp; Co. LLC; Wells Fargo Securities LLC; BofA Securities, Inc.; Rabo Securities USA, Inc.</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Anticipated Repayment Date:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 49%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-I</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Quarterly Payment Date occurring in August 2023</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-II</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Quarterly Payment Date occurring in August 2026</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%; font-weight: bold;">Class A-2-III</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Quarterly Payment Date occurring in August 2029</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;"><br>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 49%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Series 2019-1 Legal Final Maturity Date:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Quarterly Payment Date occurring in August 2049</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 49%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">First Quarterly Payment Date:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">November 25,2019<br>
                </div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Initial Interest Accrual Period:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The initial Interest Accrual Period for the Offered Notes will be 137 days, based on a 360-day year of twelve 30-day months. The interest
                  accrual period for the Series 2019 1 Class A-1 Notes may differ from the Interest Accrual Period for the Series 2019-1 Class A-2 Notes.</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" rowspan="1" style="vertical-align: top; width: 48%;">&#160;</td>
              <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">First Quarterly Collection Period:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The first Quarterly Collection Period will be the period from the Closing Date to and including September 29, 2019.</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <tr>
              <td valign="bottom" rowspan="1" style="vertical-align: top; width: 48%;">&#160;</td>
              <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
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              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: #000000; font-size: 12pt; font-weight: bold;"><font style="font-size: 10pt;">Series 2019-1 Quarterly Post-ARD</font></div>
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Contingent Interest:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">A per annum rate equal to the rate determined by the Servicer to be the greater of (i) 5.00% per annum and (ii) a rate equal to the amount,
                  if any, by which (a) the sum of (x) the yield to maturity (adjusted to a quarterly bond-equivalent basis) on the Series 2019-1 Anticipated Repayment Date for such Tranche of the United States Treasury Security having a term closest to ten
                  (10) years, plus (y) 5.00%, plus (z) (1) with respect to the Series 2019&#8209;1 Class A-2-I Notes, 2.265%, (2) with respect to the Series 2019&#8209;1 Class A-2-II Notes, 2.670% and (3) with respect to the Series 2019&#8209;1 Class A-2-III Notes, 3.058%,
                  <font style="font-style: italic;">exceeds</font> (b) the Offered Note Rate with respect to such Tranche of the Offered Notes.</div>
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              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;"><br>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 49%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Manager&#8217;s Weekly Allocation Date</div>
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              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The first Weekly Allocation Date will be no later than August 2, 2019.</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" rowspan="1" style="vertical-align: top; width: 48%;">&#160;</td>
              <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Initial Senior Notes Interest Reserve Deposit</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">On the Closing Date, the Master Issuer will be required to deposit an amount equal to $15,885,875 into the Senior Notes Interest Reserve
                  Account (the &#8220;<font style="font-weight: bold;">Initial Senior Notes</font> <font style="font-weight: bold;">Interest Reserve Deposit</font>&#8221;) and/or arrange for the issuance of an Interest Reserve Letter of Credit for such amount.</div>
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              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 49%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Use of Proceeds</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The Master Issuer estimates that the net proceeds of this offering after deducting Transaction Expenses will be approximately $1,270 million.
                  The Master Issuer is expected to distribute a portion of such net proceeds to the Holding Company Guarantor and thereafter to Jack in the Box Inc. on the Closing Date to repay in full all outstanding Indebtedness and accrued interest
                  thereon of the Non-Securitization Entities under the Senior Secured Credit Facility and to terminate all commitments thereunder. As of the date hereof, approximately $1,042 million is outstanding under the Senior Secured Credit Facility.</div>
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              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" rowspan="1" style="vertical-align: top; width: 48%;">&#160;</td>
              <td valign="bottom" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" rowspan="1" colspan="2" style="vertical-align: top;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" rowspan="1" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="text-align: justify; color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">The Master Issuer expects the Series 2019-1 Senior Notes Interest Reserve Amount on the Closing Date to be $15,885,875, and on the Closing
                  Date, the Master Issuer will be required to make a deposit of funds into the Senior Notes Interest Reserve Account and/or arrange for the issuance of an Interest Reserve Letter of Credit in an aggregate amount equal to the Initial Senior
                  Notes Interest Reserve Amount from the proceeds of the Offered Notes. Any additional net proceeds may be applied by the Master Issuer to prefund all or a portion of the Senior Notes Quarterly Interest Amount and the Offered Notes
                  Quarterly Scheduled Principal Amount that will be payable on the Quarterly Payment Date in November 2019, contributed by the Master Issuer to one or more other Securitization Entities for working capital purposes, and/or distributed to
                  Jack in the Box Inc. to pay certain transaction-related expenses and for general corporate purposes, which may include a return of capital to Jack in the Box Inc.&#8217;s equity holders.</div>
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              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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          <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">52</font></div>
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            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Rule 144A CUSIP/ISIN Numbers:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 49%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-I</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">466365 AA1 / US466365AA18</div>
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              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-II</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">466365 AB9 / US466365AB90</div>
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              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-III</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">466365 AC7 / US466365AC73</div>
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              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <tr>
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                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Reg S CUSIP/ISIN Numbers</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 49%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-I</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">U4688L AA9 / USU4688LAA99</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-II</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">U4688L AB7 / USU4688LAB72</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Class A-2-III</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">U4688L AC5 / USU4688LAC55</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">Distribution:</div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="2" style="vertical-align: top;">
                <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">Rule 144A and Reg S Compliant</div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: top; width: 48%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 49%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">This Pricing Supplement (this &#8220;<font style="font-weight: bold;">Pricing Supplement</font>&#8221;) is qualified in its entirety by reference to the
          Preliminary Offering Memorandum, dated June 17, 2019, of Jack in the Box Funding, LLC (the &#8220;<font style="font-weight: bold;">Preliminary Offering Memorandum</font>&#8221;). The information in this Pricing Supplement supersedes the information in the
          Preliminary Offering Memorandum to the extent inconsistent with the information in the Preliminary Offering Memorandum. Capitalized terms used herein and not defined herein have the meanings assigned in the Preliminary Offering Memorandum.</div>
        <div><br>
        </div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="text-align: justify; margin-bottom: 12pt; font-family: 'Times New Roman',Times,serif;">THE NOTES ARE SOLELY THE JOINT AND SEVERAL OBLIGATIONS OF THE MASTER ISSUER (GUARANTEED BY THE GUARANTORS). THE NOTES DO NOT REPRESENT OBLIGATIONS OF
          THE MANAGER OR ANY OF ITS AFFILIATES (OTHER THAN THE MASTER ISSUER AND THE GUARANTORS), OFFICERS, DIRECTORS, SHAREHOLDERS, MEMBERS, PARTNERS, EMPLOYEES, REPRESENTATIVES OR AGENTS. THE NOTES ARE NOT INSURED OR GUARANTEED BY ANY GOVERNMENTAL
          AGENCY. THE NOTES REPRESENT NON-RECOURSE OBLIGATIONS OF THE MASTER ISSUER (GUARANTEED BY THE GUARANTORS) AND ARE PAYABLE SOLELY FROM THE COLLATERAL, AND PROSPECTIVE INVESTORS SHOULD MAKE AN INVESTMENT DECISION BASED UPON AN ANALYSIS OF THE
          SUFFICIENCY OF THE COLLATERAL.</div>
        <div><br>
        </div>
      </div>
      <div style="background-color: #FFFFFF;">
        <div style="text-align: justify; margin-bottom: 6pt; font-family: 'Times New Roman',Times,serif;">THE ISSUANCE AND SALE OF THE NOTES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &#8220;1933 ACT&#8221;), OR ANY
          STATE SECURITIES LAWS, AND NO SERIES 2019-1 CLASS A-2 NOTEHOLDER WILL HAVE THE RIGHT TO REQUIRE SUCH REGISTRATION. THE NOTES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED IN RULE 902 UNDER THE 1933 ACT) UNLESS THE
          NOTES ARE REGISTERED UNDER THE 1933 ACT OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS IS AVAILABLE. THE NOTES ARE BEING SOLD ONLY TO (I) PERSONS WHO ARE NOT COMPETITORS AND WHO ARE &#8220;QUALIFIED INSTITUTIONAL BUYERS&#8221; UNDER RULE 144A UNDER THE
          1933 ACT, (II) PERSONS WHO ARE NOT COMPETITORS AND WHO ARE NOT &#8220;U.S. PERSONS&#8221; IN OFFSHORE TRANSACTIONS IN RELIANCE ON REGULATION S UNDER THE 1933 ACT OR (III) THE MASTER ISSUER OR AN AFFILIATE OF THE MASTER ISSUER. BECAUSE THE NOTES ARE NOT
          REGISTERED, THEY ARE SUBJECT TO CERTAIN RESTRICTIONS ON RESALE DESCRIBED UNDER &#8220;TRANSFER RESTRICTIONS&#8221; IN THE PRELIMINARY OFFERING MEMORANDUM.</div>
        <div></div>
      </div>
    </div>
  </div>
  <div id="DSPFPageNumberArea" style="text-align: center;"><font id="DSPFPageNumber" style="font-weight: normal; font-style: normal;">53</font></div>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a52006976ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title></title>
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    <table cellspacing="0" cellpadding="0" border="0" id="z67a7631de21145c29029cc6e58aaa552" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; color: #000000; width: 100%;">

        <tr>
          <td style="width: 50.00%;">
            <div>&#160;</div>
          </td>
          <td style="width: 50%; text-align: right;"><font style="font-weight: bold;">Exhibit 99.1</font><br>
          </td>
        </tr>

    </table>
    <div> <br>
    </div>
    <div>
      <div class="bw-release">
        <h1 style="text-align: center; list-style-position:inside;FONT-SIZE: 14pt;"> <font style="font-size: 11pt;"><b>Jack in the Box Inc. Prices $1.3 Billion Securitized Financing Facility</b></font> </h1>
        <div class="bw-release-body">
          <div class="bw-release-table-js bw-release-story">
            <p>SAN DIEGO--(BUSINESS WIRE)--June 28, 2019--Jack in the Box Inc. (NASDAQ: JACK) (the &#8220;Company&#8221;) today announced that it has entered into a purchase agreement (the &#8220;Purchase Agreement&#8221;) under which one of its indirect, special purpose
              subsidiaries (the &#8220;Master Issuer&#8221;) has agreed to issue and sell $575 million of its Series 2019-1 3.982% Fixed Rate Senior Secured Notes, Class A-2-I (the &#8220;Class A-2-I Notes&#8221;), $275 million of its Series 2019-1 4.476% Fixed Rate Senior
              Secured Notes, Class A-2-II (the &#8220;Class A-2-II Notes&#8221;), and $450 million of its Series 2019-1 4.970% Fixed Rate Senior Secured Notes, Class A-2-III (the &#8220;Class A-2-III Notes&#8221; and, together with the Class A-2-I Notes and Class A-2-II Notes,
              the &#8220;2019 Notes&#8221;). Interest payments on the 2019 Notes are payable on a quarterly basis. The anticipated repayment dates of the Class A-2-I Notes, the Class A-2-II Notes and the Class A-2-III Notes will be August 2023, August 2026 and August
              2029, respectively, unless earlier prepaid to the extent permitted under the indenture that will govern the 2019 Notes. The 2019 Notes are expected to be issued by the Master Issuer in a privately placed securitization transaction. </p>
            <p> The net proceeds of the expected sale of the 2019 Notes are expected to be used to repay all of the existing indebtedness under the Company&#8217;s senior credit facility, to pay the transaction costs and to fund the reserve accounts associated
              with the securitized financing facility, and for working capital purposes and for general corporate purposes, which may include a return of capital to the Company&#8217;s equity holders. </p>
            <p> The Master Issuer also intends to enter into a purchase agreement under which it will issue $150 million of its Series 2019-1 Variable Funding Senior Secured Notes, Class A-1 (the "Class A-1 Notes"), which will allow the Master Issuer to
              borrow amounts from time to time on a revolving basis. </p>
            <div> </div>
            <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
              <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
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            </div>
            <p> The closing of the sale of the 2019 Notes is expected to occur in July 2019, subject to satisfaction of various closing conditions. However, there can be no assurance regarding the timing of the closing or that the sale of the 2019 Notes
              will be completed. </p>
            <p> This press release does not constitute an offer to sell or the solicitation of an offer to buy the 2019 Notes or any other security. The 2019 Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the
              "Securities Act"), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws.
            </p>
            <p> <b>About Jack in the Box Inc.</b> </p>
            <p> Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#174; </sup>restaurants, one of the nation&#8217;s largest hamburger chains, with more than 2,200 restaurants in 21
              states and Guam. For more information on Jack in the Box, including franchising opportunities, visit www.jackinthebox.com. </p>
            <div> </div>
            <div style="MARGIN-BOTTOM: 10pt; CLEAR: both; MARGIN-TOP: 10pt" id="DSPFPageBreakArea">
              <div style="PAGE-BREAK-AFTER: always" id="DSPFPageBreak">
                <hr style="BORDER-LEFT-WIDTH: 0px; HEIGHT: 2px; BORDER-RIGHT-WIDTH: 0px; WIDTH: 100%; BORDER-BOTTOM-WIDTH: 0px; COLOR: #000000; CLEAR: both; MARGIN: 4px 0px; BORDER-TOP-WIDTH: 0px; BACKGROUND-COLOR: #000000"> </div>
            </div>
            <p> <b>Safe Harbor Statement</b> </p>
            <p> This press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements may be identified by words such as &#8220;anticipate,&#8221; &#8220;believe,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;forecast,&#8221; &#8220;goals,&#8221;
              &#8220;guidance,&#8221; &#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;project,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;would&#8221; and similar expressions. These statements are based on management&#8217;s current expectations, estimates, forecasts and projections about our business and the industry in which we
              operate. These estimates and assumptions involve known and unknown risks, uncertainties, and other factors that are in some cases beyond our control. Factors that may cause our actual results to differ materially from any forward-looking
              statements include, but are not limited to: the success of new products, marketing initiatives and restaurant remodels and drive-thru enhancements; the impact of competition, unemployment, trends in consumer spending patterns and commodity
              costs; the company's ability to reduce G&amp;A and operate efficiently; the company&#8217;s ability to achieve and manage its planned growth, which is affected by the availability of a sufficient number of suitable new restaurant sites, the
              performance of new restaurants, risks relating to expansion into new markets and successful franchisee development; litigation risks; risks associated with disagreements with franchisees; supply chain disruption; food-safety incidents or
              negative publicity impacting the reputation of the company's brand; the company&#8217;s ability to obtain additional financing and increase its debt leverage; and stock market volatility. These and other factors are discussed in the company&#8217;s
              annual report on Form 10-K and its periodic reports on Form 10-Q filed with the Securities and Exchange Commission, which are available online at <u>http://investors.jackinthebox.com</u> or in hard copy upon request. The company undertakes
              no obligation to update or revise any forward-looking statement, whether as the result of new information or otherwise. </p>
          </div>
          <div class="bw-release-contact">
            <h2 style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Contacts</h2>
            <p> <b>Investor Contact: </b><br>
              Carol DiRaimo, (858) 571-2407 <br>
              Rachel Webb, (858) 571-2683 </p>
            <p> <b>Media Contact: </b><br>
              Brian Luscomb, (858) 571-2291 </p>
          </div>
        </div>
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