Summary of CRACKER BARREL OLD COUNTRY STORE, INC

Item 1.01. Entry into a Material Definitive Agreement.

Reference is made to the Credit Agreement dated as of April 27, 2006 among Cracker Barrel Old Country Store, Inc. (f/k/a CBRL Group, Inc.) (the "Company"), the Subsidiary Guarantors named therein, the Lenders party thereto and Wachovia Bank, National Association, as Administrative Agent and Collateral Agent (the "Credit Agreement") filed as Exhibit 10.3 to the Company's Quarterly Report on Form 10-Q for the quarterly period ended April 28, 2006, as amended by Amendment No. 1 to the Credit Agreement dated as of April 24, 2007 (the "First Amendment" and the Credit Agreement, as amended by the First Amendment, the "Existing Credit Agreement") filed as Exhibit 10(b) to the Company's Annual Report on Form 10-K for the fiscal year ended August 3, 2007.

On November 6, 2009, the Company and the lenders under the Existing Credit Agreement entered into a second amendment to the Existing Credit Agreement (the "Second Amendment"). The Second Amendment extends the availability of $165 million of the $250 million currently available under the Company's revolving credit facility from April 2011 to January 2013. The Second Amendment also extends the maturity of $250 million of its existing $643 million in term loans by three years to April 2016. The current interest rates on the term loans are Libor + 150 bps on the non-extended portion and Libor + 250 bps on the extended portion.

The foregoing description of the Second Amendment does not purport to be complete and is qualified in its entirety by reference to the Second Amendment, which is filed as Exhibit 99.1 to this Current Report on Form 8-K.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Item 1.01 of this Current Report on 8-K is incorporated herein by this
reference. The Second Amendment, while creating no new aggregate indebtedness for the Company, extends the maturity of approximately $250 million of the term loans under the Existing Credit Facility for three years to April 2016.

Item 7.01. Regulation FD Disclosure.

On November 6, 2009, the Company issued the press release, which is furnished as Exhibit 99.2 to this Current Report on Form 8-K and that is incorporated by reference into this Item, announcing the execution of the Second Amendment.