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D' EVLIN LAW <br /> SERVING MASSACHUSETTS & NEW HAMPSHIRE <br /> PH: 617-514-2828 jdevlin@devlinlawoffices.com <br /> Fax: 617-514-2825 mcabot@devlinlawoffices.com <br /> www.devlinlawoffices.com <br /> September 19, 2019 <br /> ATTN: License Administrator <br /> Town of Mashpee <br /> 16 Great Neck Road North <br /> Mashpee, MA 02649 <br /> RE: Change of Officer and Change of Beneficial Interest application for an Annual Restaurant <br /> All Alcoholic Beverages License of 99 Restaurants of Boston, LLC or 99 West, LLC <br /> d/b/a 99 Restaurant&Pub <br /> Dear License Administrator: <br /> I am writing on behalf of 99 Restaurants of Boston,LLC and 99 West,LT,C (collectively <br /> the"Licensee"), one or both of which are licensed entities in your community owned by the <br /> same corporate structure. <br /> Per the letter you received from the Massachusetts Alcoholic Beverages Commission(the <br /> "ABCC"), a copy of which is also enclosed the "Licensee"has been granted preliminary <br /> approval for a Change of Officer and Change of Beneficial Interest relative to all 65 of their <br /> Massachusetts locations using the"inverted approval process". <br /> Relative to the Officer Change,Kurt Schnaubelt is being named an LLC manager and the <br /> Chief Financial Officer,and W. Craig Barber is being named an LLC manager and the Chief <br /> Executive Officer of the Licensed Entities.. Brent Bickett,Timothy Janszen and Greg Hayes are <br /> being removed as LLC Managers. <br /> Relative to the Charge in Beneficial Interest, as a result of a reorganization, Fidelity <br /> National Financial Ventures,LLC ("FNV"), a publicly traded company which owned 55% of the <br /> 99 Restaurants, created a new publicly traded company with the exact same stockholders, <br /> Cannae Holdings. Inc. ("CNNE"), and transferred all of its ownership in the 99 Restaurants to <br /> CNNE. The other previously approved stockholders also transferred a share of their stock to the <br /> new publicly traded company, so that CIvNE now owns 88.5.% of the 99 Restaurants, and the <br /> remaining owners hold a smaller ownership percentage, all as shown in the structure chart <br /> included in the application. <br /> Due to the size of the transaction,the ABCC has reviewed and investigated the <br /> applications and found that the transaction is in compliance with M.G,L,. Chapter 138. Penthe <br /> letter sent by the ABCC,you will not be required to send back any other forms, documents or <br /> MAILING ADDRESS: <br /> Devlin Law Offices, PLLC 112 Water St., Ste 201 <br /> 171 High Street Cli.ents�99-Cannae restructure/Letter municipalities Boston, MA 02109 <br /> Newburyport, MA o,1950 <br />