EX-99.1 2 d886105dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

Confidential

Domino’s Pizza Master Issuer LLC

Domino’s SPV Canadian Holding Company Inc.

Domino’s Pizza Distribution LLC

Domino’s IP Holder LLC

Quarterly Noteholders’ Statement

 

Quarterly Collection Period Starting:    September 9, 2019   
Quarterly Collection Period Ending:    December 29, 2019   
Quarterly Payment Date:    January 27, 2020   

 

Debt Service Coverage Ratios and Senior ABS Leverage

          
                      Holdco
Leverage		     Senior ABS
Leverage		     Quarterly
DSCR		  
  Current Period         5.73 x       6.39 x       3.45 x  
           

 

 

    

 

 

    

 

 

  
  One Period Prior         5.00 x       5.54 x       3.92 x  
           

 

 

    

 

 

    

 

 

  
  Two Periods Prior         5.12 x       5.56 x       3.80 x  
           

 

 

    

 

 

    

 

 

  
  Three Periods Prior         5.29 x       5.70 x       3.87 x  
           

 

 

    

 

 

    

 

 

  

System Performance

 

Domestic

          
                      Franchise     Company-
Owned		     Total Domestic  
  Open Stores at end of prior Quarterly Collection Period         5,652       333       5,985  
  Store Openings during Quarterly Collection Period         137       9       146  
  Store Transfers during Quarterly Collection Period         —         —         —    
  Permanent Store Closures during Quarterly Collection Period         (5 )      —         (5 ) 
 

 

      

 

 

    

 

 

    

 

 

  
  Net Change in Open Stores during Quarterly Collection Period         132       9       141  
  Open Stores at end of Quarterly Collection Period         5,784       342       6,126  

International

 

                      Franchise     Company-
Owned		     Total
International		  
  Open Stores at end of prior Quarterly Collection Period         10,543       —         10,543  
  Store Openings during Quarterly Collection Period         382       —         382  
  Permanent Store Closures during Quarterly Collection Period         (31 )      —         (31 ) 
 

 

      

 

 

    

 

 

    

 

 

  
  Net Change in Open Stores during Quarterly Collection Period         351       —         351  
  Open Stores at end of Quarterly Collection Period         10,894       —         10,894  
                      Franchise     Company-
Owned		     International  
  Same-Store Sales Growth for Quarterly Collection Period         3.3%       3.9%       1.7%  

Potential Events

          
                                  Material
Concern		  
  i.     Potential Rapid Amortization Event             No  
  ii.     Potential Manager Termination Event             No  

Cash Trapping

          
                            Commenced     Commencement
Date		  
  i.   a.   Partial Cash Trapping Period           No       N/A  
             

 

 

    

 

 

  
    b.   Full Cash Trapping Period           No       N/A  
             

 

 

    

 

 

  
  ii.     Cash Trapping Percentage during Quarterly Collection Period             N/A  
               

 

 

  
  iii     Cash Trapping Percentage following current Quarterly Payment Date             N/A  
               

 

 

  
  iv.     Cash Trapping Percentage during prior Quarterly Collection Period             N/A  
               

 

 

  
  v.     Partial Cash Trapping Release Event             N/A  
               

 

 

  
  vi.     Full Cash Trapping Release Event             N/A  
               

 

 

  

Occurrence Dates

          
                            Commenced     Commencement
Date		  
  i.     Rapid Amortization Event           No       N/A  
             

 

 

    

 

 

  
  ii.     Default           No       N/A  
             

 

 

    

 

 

  
  iii.     Event of Default           No       N/A  
             

 

 

    

 

 

  
  iv.     Manager Termination Event           No       N/A  
             

 

 

    

 

 

  

Non-Amortization Test

          
                            Commenced     Commencement
Date		  
  i.     Non-Amortization Period           No       N/A  
             

 

 

    

 

 

  

Extension Periods

          
                            Commenced     Commencement
Date		  
  i.     Series 2019-1 Class A-1 first renewal period           No       N/A  
             

 

 

    

 

 

  
  ii.     Series 2019-1 Class A-1 second renewal period           No       N/A  
             

 

 

    

 

 

  

 

Page 1

Confidential

Domino’s Pizza Master Issuer LLC

Domino’s SPV Canadian Holding Company Inc.

Domino’s Pizza Distribution LLC

Domino’s IP Holder LLC

Quarterly Noteholders’ Statement

 

Quarterly Collection Period Starting:    September 9, 2019   
Quarterly Collection Period Ending:    December 29, 2019   
Quarterly Payment Date:    January 27, 2020   

 

Allocation of Funds

1.

   Outstanding Notes and Reserve Account Balances as of Prior Quarterly Payment Date:

 

  i.     Outstanding Principal Balances            
    a.  

Series 2019-1 Class A-1 Notes (Advance)

             $ —    
                 

 

 

  
    a.  

Series 2019-1 Class A-1 Notes (Swingline)

             $ —    
                 

 

 

  
    a.  

Series 2019-1 Class A-1 Notes (L/C)

             $ 41,355,304.00  
                 

 

 

  
    b.  

Series 2015-1 Class A-2-II Notes

             $                 774,000,000.00  
                 

 

 

  
    b.  

Series 2017-1 Class A-2-I Notes

             $ 294,000,000.00  
                 

 

 

  
    b.  

Series 2017-1 Class A-2-II Notes

             $ 588,000,000.00  
                 

 

 

  
    b.  

Series 2017-1 Class A-2-III Notes

             $ 980,000,000.00  
                 

 

 

  
    b.  

Series 2018-1 Class A-2-I Notes

             $ 419,687,500.00  
                 

 

 

  
    b.  

Series 2018-1 Class A-2-II Notes

             $ 395,000,000.00  
                 

 

 

  
    b.  

Series 2019-1 Class A-2 Notes

             $ —    
                 

 

 

  
    c.  

Senior Subordinated Notes

             $ —    
                 

 

 

  
    d.  

Subordinated Notes

             $ —    
                 

 

 

  
  ii.     Reserve Account Balances            
    a.  

Available Senior Notes Interest Reserve Account Amount (1)

             $ 36,167,681.88  
                 

 

 

  
    b.  

Available Senior Subordinated Notes Interest Reserve Account Amount

             $ —    
                 

 

 

  
    c.  

Available Cash Trap Reserve Account Amount (1)

             $ —    
                 

 

 

  

2.

   Retained Collections for Current Quarterly Payment Date:

 

  i.     Franchisee Payments            
    a.  

Domestic Continuing Franchise Fees

             $ 231,748,138.58  
                 

 

 

  
    b.  

International Continuing Franchise Fees

             $ 63,571,203.80  
                 

 

 

  
    c.  

Initial Franchise Fees

             $ —    
                 

 

 

  
    d.  

Other Franchise Fees

             $ —    
                 

 

 

  
    e.  

PULSE Maintenance Fees

             $ (1,405.31 ) 
                 

 

 

  
    f.  

PULSE License Fees

             $ 1,730,167.33  
                 

 

 

  
    g.  

Technology Fees

               23,252,816.58  
                 

 

 

  
    h.  

Franchisee Insurance Proceeds

             $ —    
                 

 

 

  
    i.  

Other Franchisee Payments

             $ —    
                 

 

 

  
  ii.     Company-Owned Stores License Fees             $ 6,938,526.76  
                 

 

 

  
  iii.     Third-Party License Fees             $ —    
                 

 

 

  
  iv.     Product Purchase Payments             $ 734,577,198.33  
                 

 

 

  
  v.     Co-Issuers Insurance Proceeds             $ —    
                 

 

 

  
  vi.     Asset Disposition Proceeds             $ —    
                 

 

 

  
  vii.     Excluded Amounts             $ 4,317,959.90  
                 

 

 

  
  viii.     Other Collections             $ 375,088.03  
                 

 

 

  
  ix.     Investment Income             $ 452,150.83  
                 

 

 

  
  x.     HoldCo L/C Agreement Fee Income             $ 33,598.29  
                 

 

 

  
    Less:              
  xiii.     Excluded Amounts             $ 127,469,907.34  
           

 

 

     

 

 

     

 

 

  
    a.  

Advertising Fees

             $ 123,151,947.44  
                 

 

 

  
    b.  

Company-Owned Store Advertising Fees

             $ —    
                 

 

 

  
    c.  

Third-Party Matching Expenses

             $ 4,317,959.90  
                 

 

 

  
  xiv.     Product Purchase Payments             $ 734,577,198.33  
                 

 

 

  
  xiv.     Bank Account Expenses             $ 56,779.82  
                 

 

 

  
    Plus:              
  xvi.     Aggregate Weekly Distributor Profit Amount             $ 52,339,472.93  
           

 

 

     

 

 

     

 

 

  
  xvii.     Retained Collections Contributions             $ —    
                 

 

 

  
  xviii.     Total Retained Collections             $ 257,231,030.56  
                 

 

 

  

 

 

1. Amounts calculated as of the close of business on the last Business Day of the preceding Quarterly Collection Period.

 

Page 2

Confidential

Domino’s Pizza Master Issuer LLC

Domino’s SPV Canadian Holding Company Inc.

Domino’s Pizza Distribution LLC

Domino’s IP Holder LLC

Quarterly Noteholders’ Statement

 

Quarterly Collection Period Starting:    September 9, 2019   
Quarterly Collection Period Ending:    December 29, 2019   
Quarterly Payment Date:    January 27, 2020   

 

3.

   Adjusted Net Cash Flow for Current Quarterly Payment Date:         
  i.   Retained Collections for Quarterly Collection Period             $ 257,231,030.56  
            

 

 

  
    Less:            
  ii.    

Servicing Fees, Liquidation Fees and Workout Fees

             $ 199,352.14  
            

 

 

  
  iii.    

Securitization Entities Operating Expenses paid during Quarterly Collection Period

             $ 50,000.00  
            

 

 

  
  iv.    

Weekly Manager Fee Amounts paid during Quarterly Collection Period

             $ 21,878,043.95  
            

 

 

  
  v.    

PULSE Maintenance Fees

             $ (1,405.31 ) 
            

 

 

  
  vi.    

Technology Fees

             $ 23,252,816.58  
            

 

 

  
  vii.    

Administrative Expenses

             $ 18,750.00  
            

 

 

  
  viii.    

Investment Income

             $ 452,150.83  
            

 

 

  
  vix.    

Retained Collections Contributions, if applicable, received during Quarterly Collection Period

             $ —    
            

 

 

  
  viii.   Net Cash Flow for Quarterly Collection Period             $ 211,381,322.37  
            

 

 

  
  ix.   Net Cash Flow for Quarterly Collection Period / Number of Days in Quarterly Collection Period

 

    $ 1,887,333.24  
         

 

 

  
  x.   Multiplied by 91 if 52 week fiscal year or 92.75 if 53 week fiscal year               91  
            

 

 

  
  xi.   Adjusted Net Cash Flow for Quarterly Collection Period             $ 171,747,324.43  
            

 

 

  

4.

   Debt Service / Payments to Noteholders for Current Quarterly Payment Date:         
  i.    

Required Interest on Senior and Senior Subordinated Notes

            
     

Series 2017-1 Class A-1 Quarterly Interest and L/C Fees

          $ 55,140.41  
                 

 

 

  
     

Series 2019-1 Class A-1 Quarterly Interest and L/C Fees

             $ 101,665.12  
                 

 

 

  
     

Series 2015-1 Class A-2-II Quarterly Interest

             $ 8,657,190.00  
                 

 

 

  
     

Series 2017-1 Class A-2-I Quarterly Interest

             $ 2,396,475.34  
                 

 

 

  
     

Series 2017-1 Class A-2-II Quarterly Interest

             $ 4,530,540.00  
                 

 

 

  
     

Series 2017-1 Class A-2-III Quarterly Interest

             $ 10,089,100.00  
                 

 

 

  
     

Series 2018-1 Class A-2-I Quarterly Interest

             $ 4,318,584.38  
                 

 

 

  
     

Series 2018-1 Class A-2-II Quarterly Interest

             $ 4,273,900.00  
                 

 

 

  
     

Series 2019-1 Class A-2 Quarterly Interest

             $ 4,539,150.00  
                 

 

 

  
  ii.    

Required Principal on Senior and Senior Subordinated Notes

            
     

Series 2015-1 Class A-2-II Quarterly Scheduled Principal

          $ 2,000,000.00  
                 

 

 

  
     

Series 2017-1 Class A-2-I Quarterly Scheduled Principal

             $ 750,000.00  
                 

 

 

  
     

Series 2017-1 Class A-2-II Quarterly Scheduled Principal

             $ 1,500,000.00  
                 

 

 

  
     

Series 2017-1 Class A-2-III Quarterly Scheduled Principal

             $ 2,500,000.00  
                 

 

 

  
     

Series 2018-1 Class A-2-I Quarterly Scheduled Principal

             $ 1,062,500.00  
                 

 

 

  
     

Series 2018-1 Class A-2-II Quarterly Scheduled Principal

             $ 1,000,000.00  
                 

 

 

  
     

Series 2019-1 Class A-2 Quarterly Scheduled Principal

             $ 1,687,500.00  
                 

 

 

  
  iii.    

Other

            
     

Series 2017-1 Class A-1 Quarterly Commitment Fees

             $ 89,096.46  
                 

 

 

  
     

Series 2019-1 Class A-1 Quarterly Commitment Fees

             $ 195,000.77  
                 

 

 

  
  iv.    

Total Debt Service

             $ 49,745,842.48  
              

 

 

  
  v.    

Other Payments to Noteholders Relating to Notes

            
     

Series 2019-1 Class A-1 Quarterly Contingent Additional Interest

             $ —    
                 

 

 

  
     

Series 2015-1 Class A-2-II Quarterly Contingent Additional Interest

             $ —    
                 

 

 

  
     

Series 2017-1 Class A-2-I Quarterly Contingent Additional Interest

             $ —    
                 

 

 

  
     

Series 2017-1 Class A-2-II Quarterly Contingent Additional Interest

             $ —    
                 

 

 

  
     

Series 2017-1 Class A-2-III Quarterly Contingent Additional Interest

             $ —    
                 

 

 

  
     

Series 2018-1 Class A-2-I Quarterly Contingent Additional Interest

             $ —    
                 

 

 

  
     

Series 2018-1 Class A-2-II Quarterly Contingent Additional Interest

             $ —    
                 

 

 

  
     

Series 2019-1 Class A-2 Quarterly Contingent Additional Interest

             $ —    
                 

 

 

  

5.

   Aggregate Weekly Allocations to Distribution Accounts for Current Quarterly Payment Date:         
  i.    

All available deposits in Series 2019-1 Class A-1 Distribution Account

             $ 315,415.89  
              

 

 

  
  iii.    

All available deposits in Series 2015-1 Class A-2-II Distribution Account

             $ 10,657,190.00  
              

 

 

  
  iv.    

All available deposits in Series 2017-1 Class A-2-I Distribution Account

             $ 3,146,475.34  
              

 

 

  
  v.    

All available deposits in Series 2017-1 Class A-2-II Distribution Account

             $ 6,030,540.00  
              

 

 

  
  vi.    

All available deposits in Series 2017-1 Class A-2-III Distribution Account

             $ 12,589,100.00  
              

 

 

  
  vii.    

All available deposits in Series 2018-1 Class A-2-I Distribution Account

             $ 5,381,084.38  
              

 

 

  
  viii.    

All available deposits in Series 2018-1 Class A-2-II Distribution Account

             $ 5,273,900.00  
              

 

 

  
  ix.    

All available deposits in Series 2019-1 Class A-2 Distribution Account

             $ 6,226,650.00  
              

 

 

  
  v.    

Total on Deposit in Distribution Accounts

             $ 49,620,355.61  
              

 

 

  

 

Page 3

Confidential

Domino’s Pizza Master Issuer LLC

Domino’s SPV Canadian Holding Company Inc.

Domino’s Pizza Distribution LLC

Domino’s IP Holder LLC

Quarterly Noteholders’ Statement

 

Quarterly Collection Period Starting:    September 9, 2019   
Quarterly Collection Period Ending:    December 29, 2019   
Quarterly Payment Date:    January 27, 2020   

 

6.

   Distributions for Current Quarterly Payment Date:  
   

Series 2019-1 Class A-1 Distribution Account

      
  i.     Payment of interest and fees related to Series 2019-1 Class A-1 Notes   $ 315,415.89  
       

 

 

  
  ii.     Indemnification & Real Estate Disposition Proceeds Payments to reduce commitments under Series 2019-1 Class A-1 Notes   $ —    
       

 

 

  
  iii.     Principal payments to Series 2019-1 Class A-1 Notes   $ —    
       

 

 

  
  iv.     Payment of Series 2019-1 Class A-1 Notes Breakage Amounts   $ —    
       

 

 

  
   

Series 2015-1 Class A-2-II Distribution Account

      
  i.     Payment of interest related to Series 2015-1 Class A-2-II Notes   $ 8,657,190.00  
       

 

 

  
  ii.     Indemnification & Real Estate Disposition Proceeds payments to Series 2015-1 Class A-2-II Notes   $ —    
       

 

 

  
  iii.     Principal payment to Series 2015-1 Class A-2-II Notes   $ 2,000,000.00  
       

 

 

  
  iv.     Make-Whole Premium related to Series 2015-1 Class A-2-II Notes   $ —    
       

 

 

  
   

Series 2017-1 Class A-2-I Distribution Account

      
  i.     Payment of interest related to Series 2017-1 Class A-2-I Notes   $ 2,396,475.34  
       

 

 

  
  ii.     Indemnification & Real Estate Disposition Proceeds payments to Series 2017-1 Class A-2-I Notes   $ —    
       

 

 

  
  iii.     Principal payment to Series 2017-1 Class A-2-I Notes   $ 750,000.00  
       

 

 

  
  iv.     Make-Whole Premium related to Series 2017-1 Class A-2-I Notes   $ —    
       

 

 

  
   

Series 2017-1 Class A-2-II Distribution Account

      
  i.     Payment of interest related to Series 2017-1 Class A-2-II Notes   $ 4,530,540.00  
       

 

 

  
  ii.     Indemnification & Real Estate Disposition Proceeds payments to Series 2017-1 Class A-2-II Notes   $ —    
       

 

 

  
  iii.     Principal payment to Series 2017-1 Class A-2-II Notes   $ 1,500,000.00  
       

 

 

  
  iv.     Make-Whole Premium related to Series 2017-1 Class A-2-II Notes   $ —    
       

 

 

  
   

Series 2017-1 Class A-2-III Distribution Account

      
  i.     Payment of interest related to Series 2017-1 Class A-2-III Notes   $ 10,089,100.00  
       

 

 

  
  ii.     Indemnification & Real Estate Disposition Proceeds payments to Series 2017-1 Class A-2-III Notes   $ —    
       

 

 

  
  iii.     Principal payment to Series 2017-1 Class A-2-III Notes   $ 2,500,000.00  
       

 

 

  
  iv.     Make-Whole Premium related to Series 2017-1 Class A-2-III Notes   $ —    
       

 

 

  
   

Series 2018-1 Class A-2-I Distribution Account

      
  i.     Payment of interest related to Series 2018-1 Class A-2-I Notes   $ 4,318,584.38  
       

 

 

  
  ii.     Indemnification & Real Estate Disposition Proceeds payments to Series 2018-1 Class A-2-I Notes   $ —    
       

 

 

  
  iii.     Principal payment to Series 2018-1 Class A-2-I Notes   $ 1,062,500.00  
       

 

 

  
  iv.     Make-Whole Premium related to Series 2018-1 Class A-2-I Notes   $ —    
       

 

 

  
   

Series 2018-1 Class A-2-II Distribution Account

      
  i.     Payment of interest related to Series 2018-1 Class A-2-II Notes   $ 4,273,900.00  
       

 

 

  
  ii.     Indemnification & Real Estate Disposition Proceeds payments to Series 2018-1 Class A-2-II Notes   $ —    
       

 

 

  
  iii.     Principal payment to Series 2018-1 Class A-2-II Notes   $ 1,000,000.00  
       

 

 

  
  iv.     Make-Whole Premium related to Series 2018-1 Class A-2-II Notes   $ —    
       

 

 

  
   

Series 2019-1 Class A-2 Distribution Account

      
  i.     Payment of interest related to Series 2019-1 Class A-2 Notes   $ 4,539,150.00  
       

 

 

  
  ii.     Indemnification & Real Estate Disposition Proceeds payments to Series 2019-1 Class A-2 Notes   $ —    
       

 

 

  
  iii.     Principal payment to Series 2019-1 Class A-2 Notes   $ 1,687,500.00  
       

 

 

  
  iv.     Make-Whole Premium related to Series 2019-1 Class A-2 Notes   $ —    
       

 

 

  
      Total Allocations from Distribution Accounts   $                   49,620,355.61  
       

 

 

  

7.

   Senior Notes Interest Reserve Account Deposits, Draws and Releases as of Current Quarterly Payment Date:  
  i.     Deposits into Senior Notes Interest Reserve Account during Quarterly Collection Period   $ 6,416,883.13  
       

 

 

  
  ii.     Less draws on / releases from Available Senior Notes Interest Reserve Account Amount   $ —    
       

 

 

  
  iii.     Total Increase (Reduction) of Available Senior Notes Interest Reserve Account Amount   $ 6,416,883.13  
       

 

 

  

8.

   Senior Subordinated Notes Interest Reserve Account Deposits, Draws and Releases as of Current Quarterly Payment Date:  
  i.     Deposits into Senior Subordinated Notes Interest Reserve Account during Quarterly Collection Period   $ —    
       

 

 

  
  ii.     Less draws on Available Senior Subordinated Notes Interest Reserve Account Amount   $ —    
       

 

 

  
  iii.     Total Increase (Reduction) of Available Senior Subordinated Notes Interest Reserve Account Amount   $ —  
       

 

 

  

 

Page 4

Confidential

Domino’s Pizza Master Issuer LLC

Domino’s SPV Canadian Holding Company Inc.

Domino’s Pizza Distribution LLC

Domino’s IP Holder LLC

Quarterly Noteholders’ Statement

 

Quarterly Collection Period Starting:    September 9, 2019   
Quarterly Collection Period Ending:    December 29, 2019   
Quarterly Payment Date:    January 27, 2020   

 

9.

   Cash Trap Reserve Account Deposits, Draws and Releases as of Current Quarterly Payment Date:         
  i.    

Deposits into Cash Trap Reserve Account during Quarterly Collection Period

          $ —    
              

 

 

  
  ii.    

Less draws on Available Cash Trap Reserve Account Amount

          $ —    
              

 

 

  
  iii.    

Less Cash Trapping Release Amount

          $ —    
              

 

 

  
  iv.    

Total Increase (Reduction) of Available Cash Trap Reserve Account Amount

          $ —    
              

 

 

  

10.

   Real Estate Disposition Proceeds         
  i.    

Aggregate Real Estate Disposition Proceeds as of Prior Quarterly Payment Date

          $ —    
              

 

 

  
  ii.    

Aggregate Real Estate Disposition Proceeds as of Current Quarterly Payment Date

          $ —    
           

 

 

  

11.

   Outstanding Balances as of Current Quarterly Payment Date (after giving effect to payments to be made on such date):

 

  i.    

Series 2019-1 Class A-1 Notes (Advance)

          $ —    
              

 

 

  
  i.    

Series 2019-1 Class A-1 Notes (Swingline)

          $ —    
              

 

 

  
  i.    

Series 2019-1 Class A-1 Notes (L/C)

          $ 41,355,304.00  
              

 

 

  
  ii.    

Series 2015-1 Class A-2-II Notes

          $ 772,000,000.00  
              

 

 

  
  iii.    

Series 2017-1 Class A-2-I Notes

          $ 293,250,000.00  
              

 

 

  
  iv.    

Series 2017-1 Class A-2-II Notes

          $                 586,500,000.00  
              

 

 

  
  v.    

Series 2017-1 Class A-2-III Notes

          $ 977,500,000.00  
              

 

 

  
  vi.    

Series 2018-1 Class A-2-I Notes

          $ 418,625,000.00  
              

 

 

  
  vii.    

Series 2018-1 Class A-2-II Notes

          $ 394,000,000.00  
              

 

 

  
  viii.    

Series 2019-1 Class A-2 Notes

          $ 673,312,500.00  
              

 

 

  
  ix.    

Senior Subordinated Notes

          $ —    
              

 

 

  
  x.    

Subordinated Notes

          $ —    
              

 

 

  
  xi.    

Reserve account balances:

         
    a.  

Available Senior Notes Interest Reserve Account Amount

          $ 42,220,507.43  
                

 

 

  
    b.  

Available Senior Subordinate Notes Interest Reserve Account Amount

          $ —    
                

 

 

  
    c.  

Available Cash Trap Reserve Account Amount

          $ —    
                

 

 

  

IN WITNESS HEREOF, the undersigned has duly executed and delivered this Quarterly Noteholders’ Statement

 

  this                                    January 22, 2020

Domino’s Pizza LLC as Manager on behalf of the Master Issuer and certain subsidiaries thereto,

 

  by:   /s/ Steven J. Goda
    Steven J. Goda - Vice President, Treasurer and Controller

 

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