EXHIBIT 10.1

AMENDMENT NUMBER ONE TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

This AMENDMENT NUMBER ONE TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Agreement”) is entered into as of April 23, 2010, by and among the lenders
identified on the signature pages hereof (such lenders, together with their
respective successors and permitted assigns, are referred to hereafter each
individually as a “Lender” and collectively as the “Lenders”), WELLS FARGO
CAPITAL FINANCE, LLC, a Delaware limited liability company (formerly known as
Wells Fargo Foothill, LLC) (“WFCF”), as the arranger and administrative agent
for the Lenders (in such capacity, together with its successors and assigns in
such capacity, “Agent”), LANDRY’S RESTAURANTS, INC., a Delaware corporation
(“Borrower”), and the Guarantors (as defined in the below-defined Credit
Agreement).

W I T N E S S E T H

WHEREAS, Borrower, Agent, WFCF and Jefferies Finance LLC, a Delaware limited
liability company (“Jefferies Finance”), as co-lead arrangers and
co-bookrunners, WFCF and Jefferies Finance, as co-syndication agents, and the
lenders party thereto from time to time have entered into that certain Second
Amended and Restated Credit Agreement, dated as of November 30, 2009 (as
amended, restated, supplemented or otherwise modified from time to time, the
“Credit Agreement”), pursuant to which Lenders have made certain loans and
financial accommodations available to Borrower; and

WHEREAS, the Lenders and Borrower have agreed to make certain amendments to the
Credit Agreement.

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants
herein contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:

1. Defined Terms. All terms used herein and not otherwise defined shall have the
meanings ascribed thereto in the Credit Agreement.

2. Amendments to Credit Agreement.

(a) Schedule 1.1 to the Credit Agreement is hereby amended by adding, or
amending and restating, as applicable, the following defined terms in
alphabetical order therein:

“Acquisition” means (a) the purchase or other acquisition by a Person or its
Subsidiaries of all or substantially all of the assets of (or any division or
business line of) any other Person, or (b) the purchase or other acquisition
(whether by means of a merger, consolidation, or otherwise) by a Person or its
Subsidiaries of all or substantially all of the Stock of any other Person.

“Excess Availability” means, as of any date of determination, the amount equal
to Availability minus the aggregate amount, if any, of all trade payables of
Borrower and its Subsidiaries aged in excess of historical levels with respect
thereto and all book overdrafts of Borrower and its Subsidiaries in excess of
historical practices with respect thereto, in each case as determined by Agent
in its Permitted Discretion.

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“First Amendment” means that certain Amendment Number One to Second Amended and
Restated Credit Agreement, dated as of April 23, 2010, by and among Borrower,
the Guarantors, Agent, and the Lenders party thereto.

“First Amendment Effective Date” has the meaning specified therefor in the First
Amendment.

“Guarantors” means (a) each Restricted Subsidiary of Borrower and (b) any other
guarantor of the Obligations, and “Guarantor” means any one of them.

“Investment” means, with respect to any Person, any investment by such Person in
any other Person (including Affiliates) in the form of loans, guarantees,
advances, capital contributions (excluding (a) commission, travel, and similar
advances to officers and employees of such Person made in the ordinary course of
business, and (b) bona fide Accounts arising in the ordinary course of business
consistent with past practice), or acquisitions of Indebtedness, Capital Stock,
or all or substantially all of the assets of such other Person (or of any
division or business line of such other Person) (including any Acquisition), and
any other items that are or would be classified as investments on a balance
sheet prepared in accordance with GAAP.

“Permitted Acquisition” means any Acquisition so long as:

(a) no Default or Event of Default shall have occurred and be continuing or
would result from the consummation of such proposed Acquisition and such
proposed Acquisition is consensual,

(b) no Indebtedness will be incurred, assumed, or would exist with respect to
Borrower or its Subsidiaries as a result of such Acquisition, other than
(i) Indebtedness permitted pursuant to clauses (m), (o) or (s) of the definition
of Permitted Indebtedness, or (ii) Indebtedness permitted pursuant to clause
(c) of the definition of Permitted Indebtedness so long as, on a pro forma basis
after giving effect to the incurrence of such Indebtedness, (A) the First Lien
Leverage Ratio of Borrower and its Subsidiaries as of the end of the fiscal
quarter most recently ended is at least .25 less than the maximum First Lien
Leverage Ratio permitted pursuant to Section 7(b) for such fiscal quarter, and
(B) the Total Leverage Ratio of Borrower and its Subsidiaries as of the end of
the fiscal quarter most recently ended is at least .25 less than the maximum
Total Leverage Ratio permitted pursuant to Section 7(d) for such fiscal quarter,

(c) no Liens will be incurred, assumed, or would exist with respect to the
assets of Borrower or its Subsidiaries as a result or such Acquisition other
than Permitted Liens,

(d) Borrower has provided Agent with written confirmation, supported by
reasonably detailed calculations, that on a pro forma basis after giving effect
to the consummation of such proposed Acquisition (including pro forma
adjustments arising out of events which are directly attributable to such
proposed Acquisition, are factually supportable, and are expected to have a
continuing impact, in each case, determined as if the combination had been
accomplished at the beginning of the relevant period; such eliminations and
inclusions to be approved by Agent in its Permitted Discretion; provided that if
the Required Lenders object to or approve such eliminations and inclusions,
Agent shall act at the direction of the Required Lenders) created by adding the
historical combined financial statements of Borrower (including the combined
financial statements of any other Person or assets that were the subject of a
prior Permitted Acquisition during the relevant period) to the historical
consolidated financial statements of the Person to be acquired (or the
historical financial statements related to the assets to be acquired) pursuant
to such proposed Acquisition, (i) Borrower would have been in compliance with
the financial covenants in Section 7 of the Agreement for each of the 4 fiscal
quarter periods ended immediately prior to the proposed date of consummation of
such proposed Acquisition, (ii) Borrower is projected to be in

 

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compliance with the financial covenants in Section 7 for each of the 4 fiscal
quarter periods ended one year after the proposed date of consummation of such
proposed Acquisition, (iii) if the purchase consideration for such proposed
Acquisition is equal to or greater than $35,000,000, (A) the First Lien Leverage
Ratio of Borrower and its Subsidiaries as of the end of the fiscal quarter most
recently ended is at least .25 less than the maximum First Lien Leverage Ratio
permitted pursuant to Section 7(b) for such fiscal quarter, and (B) the Total
Leverage Ratio of Borrower and its Subsidiaries as of the end of the fiscal
quarter most recently ended is at least .25 less than the maximum Total Leverage
Ratio permitted pursuant to Section 7(d) for such fiscal quarter,

(e) on a pro forma basis after giving effect to the consummation of such
proposed Acquisition, the assets being acquired or the Person whose Stock is
being acquired did not have negative EBITDA during the 12 consecutive month
period most recently concluded prior to the date of the proposed Acquisition,

(f) Borrower has provided Agent with its due diligence package relative to the
proposed Acquisition, including (i) forecasted balance sheets, profit and loss
statements, and cash flow statements of the Person or related to the assets to
be acquired, all prepared on a basis consistent with Borrower’s historical
financial statements, together with appropriate supporting details and a
statement of underlying assumptions for the 1 year period following the date of
such proposed Acquisition, on a quarter by quarter basis), in form and substance
(including as to scope and underlying assumptions) reasonably satisfactory to
Agent (provided that in any event such forecasted financial statements shall be
in a form that is reasonably comparable to such Person’s historical financial
statements), and (ii) either (A) balance sheets, profit and loss statements, and
cash flow statements of the Person or related to the assets to be acquired for
the 2 year period preceding the date of such proposed Acquisition, or (B) a
quality of earnings report for the Person or related to the assets to be
acquired, in each case in form and substance reasonably satisfactory to Agent,

(g) Borrower shall have Excess Availability plus Qualified Cash (excluding
Qualified Cash in the Restricted Account) in an amount equal to or greater than
$25,000,000 immediately after giving effect to the consummation of such proposed
Acquisition,

(h) Borrower has provided Agent with (i) written notice of such proposed
Acquisition at least 15 Business Days prior to the anticipated closing date of
such proposed Acquisition, (ii) copies of (A) the acquisition agreement relative
to the proposed Acquisition at least 5 Business Days prior to the anticipated
closing date of such proposed Acquisition, and (B) such other documents relative
to the proposed Acquisition as are reasonably requested by Agent within 2
Business Days of request therefor by Agent, and (iii) a certificate of a chief
financial officer of Borrower certifying as to the available amounts immediately
prior to the anticipated closing date of such proposed Acquisition under each of
the following baskets in the Agreement: (A) clause (t) of the definition of
Permitted Investments, (B) clause (k) of the definition of Permitted
Acquisitions, and (C) Section 6.9(d)(ix) at least 5 Business Days prior to the
anticipated closing date of such proposed Acquisition,

(i) the assets being acquired (other than a de minimis amount of assets in
relation to Borrower’s and its Subsidiaries’ total assets), or the Person whose
Stock is being acquired, are useful in or engaged in, as applicable, the
business of Borrower and its Subsidiaries or a business reasonably related
thereto; provided that in no event shall the assets being acquired or the Stock
being acquired be related to, affiliated with, used in, or supportive of the
business of Golden Nugget, Inc. or any of its Subsidiaries; provided further
that (i) for the avoidance of doubt, the foregoing proviso shall not prevent the
acquisition of a gaming business that is not related to, affiliated with, used
in, or supportive of the business of Golden Nugget, Inc. or any of its
Subsidiaries, and (ii) the foregoing proviso shall not prevent Borrower and its
Subsidiaries from opening restaurant locations in the Golden Nugget, Inc.
casinos with the brand of the Person acquired so long the number of restaurant
locations in the Golden Nugget, Inc. casinos with a Landry’s-related brand
(including the brand of the Person acquired) does not increase by more than 1.

 

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(j) the assets being acquired (other than a de minimis amount of assets in
relation to the assets being acquired) are located within the United States or
the Person whose Stock is being acquired is organized in a jurisdiction located
within the United States,

(k) the subject assets or Stock, as applicable, are being acquired directly by a
Borrower or one of its Subsidiaries that is a Loan Party, and, in connection
therewith, Borrower or the applicable Loan Party shall have complied with
Section 5.11 or 5.12, as applicable, of the Agreement (for the avoidance of
doubt, it being understood and agreed, that any Person being acquired shall be a
Restricted Subsidiary) and, in the case of an acquisition of Stock, Borrower or
the applicable Loan Party shall have demonstrated to Agent that the new Loan
Parties have received consideration sufficient to make the joinder documents
binding and enforceable against such new Loan Parties, and

(l) the purchase consideration payable in respect of all Permitted Acquisitions
(including such proposed Acquisition and including deferred payment obligations)
shall not exceed the sum of (i) $100,000,000, plus (ii) immediately following
the Restricted Account Termination Date (but not before), the lesser of (A) the
amount of Senior Secured Notes issued on or within 30 days after the First
Amendment Effective Date, and (B) $50,000,000, plus (iii) immediately following
the Restricted Account Termination Date (but not before), the Senior Secured
Notes Excess Proceeds in an amount not in excess of $74,241,000 on deposit in
the Restricted Account on such date (for the avoidance of doubt, after giving
effect to the use of such Senior Secured Notes Excess Proceeds for the Going
Private Transaction if the Going Private Transaction is consummated); provided
further, however, that the purchase consideration payable in respect of any
single Acquisition or series of related Acquisitions (including deferred payment
obligations) shall not exceed $50,000,000 in the aggregate.

(b) Schedule 1.1 to the Credit Agreement is hereby amended by amending and
restating clause (d) of the definition of “Permitted Indebtedness” as follows:

(d) the incurrence by Borrower and its Restricted Subsidiaries that are
Guarantors of (i) Indebtedness represented by the Senior Secured Notes (and the
related guarantees in respect thereof) in an aggregate principal amount
outstanding not to exceed the result of (A) $406,500,000, plus (B) the lesser of
(x) the aggregate principal amount of the Senior Secured Notes issued on or
within 30 days after the First Amendment Effective Date, and (y) $50,000,000,
less (C) the aggregate principal amount of all repayments, prepayments,
redemptions, or purchases of the Senior Secured Notes, and (ii) any Permitted
Refinancing Indebtedness in respect of such Indebtedness;

(c) Schedule 1.1 to the Credit Agreement is hereby amended by amending and
restating clause (b) of the definition of “Permitted Investments” as follows:

(b) any Investment in a Person that is a Loan Party at the time of such
Investment;

(d) Schedule 1.1 to the Credit Agreement is hereby amended by amending and
restating clause (q) of the definition of “Permitted Investments” as follows:

(q) Permitted Acquisitions,

 

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(e) Schedule 1.1 to the Credit Agreement is hereby amended by amending and
restating clause (t) of the definition of “Permitted Investments” by adding the
following new proviso before the period at the end thereof:

provided further that, anything to the contrary contained herein
notwithstanding, no portion of any basket set forth in this clause (t) shall be
used for any Acquisition.

(f) Section 6.3(a) of the Credit Agreement is hereby amended by (i) deleting the
“and” at the end of clause (iii) thereof; and (ii) adding the following before
the semi-colon at the end thereof:

, and (v) any Permitted Acquisition

(e) Section 9.1 of the Credit Agreement is hereby amended by adding the
following sentence immediately after clause (b) thereof:

Upon the occurrence and during the continuation of an Event of Default, upon the
instruction of the Required Lenders, Agent shall exercise all other rights and
remedies available to it or the Lenders under the Loan Documents or under
applicable law.

(f) Section 14.1(a) of the Credit Agreement is hereby amended by amending and
restating the proviso at the end thereof as follows:

provided, further, however, that no such waiver, amendment, or consent shall,
unless in writing and signed by the Supermajority Lenders and Borrower, amend,
modify, eliminate, or otherwise change the definitions of “Change of Control” or
“Permitted Holder” or clause (d) of the definition of “Permitted Indebtedness”.

3. Agreement Regarding Intercreditor Agreement. The Lenders signatory hereto
hereby agree that on or within 30 days after the First Amendment Effective Date,
Agent may enter into an amendment to the Intercreditor Agreement which replaces
the reference to “$406,500,000” contained in the definition of “Second Lien Cap”
contained therein with an amount that is up to $456,500,000.

4. Conditions Precedent. This Agreement shall become effective upon the
satisfaction of each of the following conditions (the date of effectiveness of
this Agreement, the “First Amendment Effective Date”):

(a) Agent shall have received this Agreement, duly executed by the Lenders on
the signature pages hereof, Agent, Borrower and the Guarantors, and the same
shall be in full force and effect;

(b) The representations and warranties in this Agreement, the Credit Agreement,
as modified by this Agreement, and the other Loan Documents shall be true,
correct and complete in all material respects (except that such materiality
qualifier shall not be applicable to any representations and warranties that
already are qualified or modified by materiality in the text thereof) on and as
of the date hereof, as though made on such date (except to the extent that such
representations and warranties relate solely to an earlier date, in which case
such representations and warranties shall be true, correct and complete in all
material respects as of such earlier date);

(c) No Event of Default or event that, with the giving of notice or passage of
time, would constitute an Event of Default shall have occurred and be continuing
on the date hereof, nor shall result from the consummation of the transactions
contemplated herein;

(d) No injunction, writ, restraining order, or other order of any nature
prohibiting, directly or indirectly, the consummation of the transactions
contemplated herein shall have been issued and remain in force by any
Governmental Authority against Borrower, Parent, any Guarantor or any member of
the Lender Group; and

 

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(e) Borrower shall have received all licenses, approvals or evidence of other
actions required by any Governmental Authority or any third party in connection
with the execution and delivery of this Agreement, the Purchase Agreement or
with the consummation of the transactions contemplated thereby.

5. Release.

(a) Each of Borrower and each Guarantor hereby acknowledges and agrees that as
of April 23, 2010, the aggregate outstanding principal amount of the Advances
and the Term Loan owing under the Credit Agreement was $189,623,057.45 and that
such principal amount is payable pursuant to the Credit Agreement as modified
hereby without defense, offset, withholding, counterclaim, or deduction of any
kind. Each Guarantor hereby further acknowledges and agrees that all of such
principal amount constitutes Guarantied Obligations (as defined under the
Guaranty).

(b) Each of Borrower and each Guarantor hereby affirms, agrees, and represents
that, pursuant to the Loan Documents, it has granted to the Agent, as security
for the Obligations (including obligations under this Agreement and the Credit
Agreement, as modified hereby, but excluding, in the case of Liens in and to
Real Property, the Bank Product Obligations), a first-priority, perfected
security interest and Lien in and to all its rights with respect to
substantially all of its assets, which security interests and Liens are validly
created, perfected, and first-priority security interests and Liens, subject
only to Permitted Liens.

(c) As of the date hereof, each of Borrower and each Guarantor, its successors
in title, legal representatives, and assignees and, to the extent the same is
claimed by right of, through, or under each of Borrower and each Guarantor, for
its past, present, and future employees, agents, representatives, officers,
directors, shareholders, and trustees, do hereby and shall be deemed to have
forever remised, released, and discharged the Lender Group, and Lender Group’s
respective successors in title, legal representatives, and assignees, past,
present, and future officers, directors, shareholders, trustees, agents,
employees, consultants, experts, advisors, attorneys, and other professionals
and all other persons and entities to whom any member of the Lender Group would
be liable if such persons or entities were found to be liable to each of
Borrower and each Guarantor (collectively hereinafter, the “Lender Parties”),
from any and all manner of action and actions, cause and causes of action,
claims, charges, demands, counterclaims, suits, debts, dues, sums of money,
accounts, reckonings, bonds, bills, specialties, covenants, contracts,
controversies, damages, judgments, expenses, executions, liens, claims of liens,
claims of costs, penalties, attorneys’ fees, or any other compensation, recovery
or relief on account of any liability, obligation, demand or cause of action of
whatever nature relating to, arising out, of or in connection with the Credit
Agreement or any other Loan Document, including, but not limited to, acts,
omissions to act, actions, negotiations, discussions, and events resulting in
the completed documentation and execution of this Agreement, as, among, Borrower
and each Guarantor and the Lender Parties, such claims whether now accrued and
whether now known or hereafter discovered, from the beginning of time through
the date hereof.

(d) Each of Borrower and each Guarantor hereby knowingly, voluntarily,
intentionally, and expressly waives and relinquishes any and all rights and
benefits that it may have under Section 1542 of the California Civil Code, or
any other similar provision of any other jurisdiction, as against the Lender
Parties. Section 1542 of the Civil Code of California provides:

A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR
SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH
IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH
THE DEBTOR.

 

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(e) As of the date hereof, each of Borrower and each Guarantor hereby
acknowledges that the foregoing waiver of the Section 1542 of the California
Civil Code was separately bargained for. As of the date hereof, each of
Borrower, Parent and each other Guarantor knowingly, voluntarily, intentionally,
and expressly waives any and all rights and benefits conferred by Section 1542,
or by any law of the any state or territory of the United States or any foreign
country or principle of common law that is similar or analogous to Section 1542
and agrees and acknowledges that this waiver is an essential term of this
Agreement, without which the consideration would not have been given by the
Lender Group to Borrower and each Guarantor.

6. Reaffirmation. Each of Borrower and each Guarantor hereby reaffirms its
obligations under each Loan Document (including each Mortgage) to which it is a
party. Each of Borrower and each Guarantor hereby further ratifies and reaffirms
the validity and enforceability of all of the Loan Documents (including the
Mortgages) to which they are parties, including any amendments or modifications
or substitutions thereto, and ratifies and reaffirms the Liens and security
interests heretofore granted by them pursuant to or in connection with the
Security Agreement, any Mortgage or any other Loan Document, to Agent,
as security for their obligations under the Loan Documents in accordance with
their respective terms, and acknowledges that all of such Liens and security
interests, and all Collateral heretofore pledged as security for such
obligations, continue to be and remain in full force and effect on and after the
date hereof.

7. Representations and Warranties. Each of Borrower and each Guarantor hereby
represents and warrants to the Lender Group as follows:

(a) It has the requisite power and authority to execute and deliver this
Agreement and to perform its obligations hereunder and under the Loan Documents
to which it is a party. The execution, delivery, and performance by it of this
Agreement and the performance by it of each Loan Document to which it is a party
(i) have been duly approved by all necessary action and no other proceedings are
necessary to consummate such transactions; and (ii) are not in contravention of
(A) any law, rule, or regulation, or any order, judgment, decree, writ,
injunction, or award of any Governmental Authority binding on it, (B) the terms
of its Governing Documents, or (C) any provision of any material contract or
undertaking to which it is a party or by which any of its properties may be
bound or affected;

(b) This Agreement has been duly executed and delivered by Borrower and each
Guarantor. This Agreement and each Loan Document to which Borrower or such
Guarantor is a party is the legal, valid, and binding obligation of Borrower or
such Guarantor, enforceable against Borrower and such Guarantor in accordance
with its terms, and is in full force and effect except as such validity and
enforceability is limited by the laws of insolvency and bankruptcy, laws
affecting creditors’ rights and principles of equity applicable hereto;

(c) No injunction, writ, restraining order, or other order of any nature
prohibiting, directly or indirectly, the consummation of the transactions
contemplated herein has been issued and remains in force by any Governmental
Authority against Borrower or Parent;

(d) Each of Borrower and each Guarantor is in good standing in the jurisdiction
of its incorporation and in each other jurisdiction in which Borrower’s or such
Guarantor’s assets are located or in which Borrower’s or such Guarantor’s
failure to be duly qualified or licensed would constitute a Material Adverse
Change;

(e) No Default or Event of Default has occurred and is continuing on the date
hereof or as of the date of the effectiveness of this Agreement after giving
effect to this Agreement; and

 

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(f) The representations and warranties in the Credit Agreement and the other
Loan Documents are true, correct and complete in all material respects (except
that such materiality qualifier shall not be applicable to any representations
and warranties that already are qualified or modified by materiality in the text
thereof) on and as of the date hereof, as though made on such date (except to
the extent that such representations and warranties relate solely to an earlier
date, in which case such representations and warranties shall be true, correct
and complete in all material respects as of such earlier date).

8. Choice of Law. The validity of this Agreement, its construction,
interpretation and enforcement, and the rights of the parties hereunder shall be
determined under, governed by, and construed in accordance with the laws of the
State of New York.

9. Counterparts; Telefacsimile Execution. This Agreement may be executed in any
number of counterparts and by different parties and separate counterparts, each
of which when so executed and delivered, shall be deemed an original, and all of
which, when taken together, shall constitute one and the same instrument.
Delivery of an executed counterpart of a signature page to this Agreement by
telefacsimile or electronic mail shall be equally effective as delivery of a
manually executed counterpart of this Agreement. Any party delivering an
executed counterpart of this Agreement by telefacsimile or electronic mail also
shall deliver a manually executed counterpart of this Agreement, but the failure
to deliver a manually executed counterpart shall not affect the validity,
enforceability, and binding effect of this Agreement.

10. Effect on Loan Documents.

(a) The Credit Agreement, as modified hereby, and the other Loan Documents shall
be and remain in full force and effect in accordance with their respective terms
and each is hereby ratified and confirmed in all respects. The execution,
delivery, and performance of this Agreement shall not, except as expressly set
forth herein, operate as a waiver or an amendment of any right, power, or remedy
of Agent or Lenders under the Credit Agreement as in effect prior to the date
hereof. The modifications herein are limited to the specifics hereof, shall not
apply with respect to any facts or occurrences other than those on which the
same are based, shall not excuse future non-compliance with the Credit
Agreement, and shall not operate as a modification to any further or other
matter under the Loan Documents.

(b) Upon and after the effectiveness of this Agreement, each reference in the
Credit Agreement to “this Agreement,” “hereunder,” “herein,” “hereof,” or words
of like import referring to the Credit Agreement, and each reference in the
other Loan Documents to “the Agreement,” “thereunder,” “therein,” “thereof,” or
words of like import referring to the Credit Agreement, shall mean and be a
reference to the Credit Agreement as modified and amended hereby.

(c) To the extent that any terms and conditions in any of the Loan Documents
shall contradict or be in conflict with any terms or conditions of the Credit
Agreement, after giving effect to this Agreement, such terms and conditions are
hereby deemed modified or amended accordingly to reflect the terms and
conditions of the Credit Agreement as modified or amended hereby.

(d) This Amendment is a Loan Document.

11. Guarantors. Each of the undersigned Guarantors consent to the amendments to
the Credit Agreement contained herein. Although the undersigned Guarantors have
been informed of the matters set forth herein and have consented to same, each
Guarantor understands that the Lender Group has no obligations to inform it of
such matters in the future or to seek its acknowledgement or agreement to future
consents or amendments, and nothing herein shall create such a duty.

 

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12. Further Assurances. Borrower shall execute and deliver all agreements,
documents, and instruments, in form and substance satisfactory to Agent, and
take all actions as Agent may reasonably request from time to time to perfect
and maintain the perfection and priority of the security interests of Agent in
the Collateral and to consummate fully the transactions contemplated under this
Agreement and the Credit Agreement.

13. Entire Agreement. This Agreement, together with all other instruments,
agreements, and certificates executed by the parties in connection herewith or
with reference thereto, embody the entire understanding and agreement between
the parties hereto and thereto with respect to the subject matter hereof and
thereof and supersede all prior agreements, understandings, and inducements,
whether express or implied, oral or written.

[Remainder of page intentionally left blank]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
and delivered as of the date first above written.

 

LANDRY’S RESTAURANTS, INC.,

a Delaware corporation, as Borrower

By:  

 

Name:   Rick H. Liem Title:  
Executive Vice President and Chief Financial Officer

[SIGNATURE PAGE TO AMENDMENT NUMBER ONE TO CREDIT AGREEMENT]

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BRENNER’S ON THE BAYOU, INC., a Texas corporation

C.A. MUER CORPORATION, a Michigan corporation

CAPT. CRAB’S TAKE-AWAY OF 79TH STREET, INC., a Florida corporation

CHLN, INC., a Delaware corporation

CRAB HOUSE, INC., a Florida corporation

CRYO REALTY CORP., a Florida corporation

FSI DEVCO, INC., a Nevada corporation

HOSPITALITY HEADQUARTERS, INC., a Texas corporation

HOUSTON AQUARIUM, INC., a Texas corporation

INN AT THE BALLPARK CATERING, INC., a Texas corporation

LANDRY’S CRAB SHACK, INC., a Texas corporation

LANDRY’S DEVELOPMENT, INC, a Texas corporation

LANDRY’S DOWNTOWN AQUARIUM, INC., a Colorado corporation

LANDRY’S G.P., INC., a Delaware corporation

LANDRY’S HARLOWS, INC, a Texas corporation

LANDRY’S LIMITED, INC., a Delaware corporation

LANDRY’S PESCE, INC., a Texas corporation

LANDRY’S SEAFOOD & STEAK HOUSE–CORPUS CHRISTI, INC., a Texas corporation

LANDRY’S SEAFOOD HOUSE – ALABAMA, INC., an Alabama corporation

LANDRY’S SEAFOOD HOUSE – ARLINGTON, INC., a Texas corporation

LANDRY’S SEAFOOD HOUSE – BILOXI, INC., a Mississippi corporation

LANDRY’S SEAFOOD HOUSE – COLORADO, INC., a Colorado corporation

LANDRY’S SEAFOOD HOUSE – FLORIDA, INC., a Florida corporation

LANDRY’S SEAFOOD HOUSE – LAFAYETTE, INC., a Louisiana corporation

LANDRY’S SEAFOOD HOUSE – MEMPHIS, INC., a Tennessee corporation

LANDRY’S SEAFOOD HOUSE – MINNESOTA, INC., a Minnesota corporation

LANDRY’S SEAFOOD HOUSE – MISSOURI, INC., a Missouri corporation

LANDRY’S SEAFOOD HOUSE – NEVADA, INC., a Nevada corporation

LANDRY’S SEAFOOD HOUSE – NEW MEXICO, INC., a New Mexico corporation

LANDRY’S SEAFOOD HOUSE – NEW ORLEANS, INC., a Louisiana corporation

LANDRY’S SEAFOOD HOUSE – NORTH CAROLINA, INC., a North Carolina corporation

LANDRY’S SEAFOOD HOUSE – OHIO, INC., an Ohio corporation

LANDRY’S SEAFOOD HOUSE – SAN LUIS, INC., a Texas corporation

LANDRY’S SEAFOOD HOUSE – SOUTH CAROLINA, INC., a South Carolina corporation

LANDRY’S SEAFOOD INN & OYSTER BAR – GALVESTON, INC., a Texas corporation

  as Guarantors     By:  

 

  ,     on behalf of each of the above identified entities     Name:   Rick H.
Liem     Title:   Vice President of each of the above identified entities  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

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LANDRY’S SEAFOOD INN & OYSTER BAR – KEMAH, INC., a Texas corporation

LANDRY’S SEAFOOD INN & OYSTER BAR – SAN ANTONIO, INC., a Texas corporation

LANDRY’S SEAFOOD INN & OYSTER BAR – SUGAR CREEK, INC., a Texas corporation

LANDRY’S SEAFOOD INN & OYSTER BAR II, INC., a Texas corporation

LANDRY’S SEAFOOD INN & OYSTER BAR, INC., a Texas corporation

LANDRY’S SEAFOOD KEMAH, INC., a Texas corporation

LANDRY’S TRADEMARK, INC., a Delaware corporation

LCH ACQUISITION, INC., a Delaware corporation

LSRI HOLDINGS, INC., a Delaware corporation

MARINA ACQUISITION CORPORATION OF FLORIDA, INC., a Florida corporation

NASHVILLE AQUARIUM, INC., a Texas corporation

OCEAN BLUE INDUSTRIES, INC., a Delaware corporation

RAINFOREST CAFE, INC., a Minnesota corporation

RAINFOREST CAFE, INC. – CHA CHA, Texas corporation

RAINFOREST CAFE, INC. – KANSAS, a Kansas corporation

RAINFOREST TRADEMARK, INC., a Delaware corporation

SALTGRASS, INC., a Texas corporation

SEAFOOD HOLDING SUPPLY, INC., a Delaware corporation

SUMMIT AIRCRAFT SERVICES, INC., a Delaware corporation

SUMMIT ONE NETWORK, INC., a Delaware corporation

SUMMIT SEAFOOD SUPPLY, INC., a Delaware corporation

SUMMIT SUPPLY, INC., a Delaware corporation

THE HOFBRAU, INC., a Texas corporation

T-REX CAFE – KANSAS CITY, INC., a Kansas corporation

T-REX CAFE – ORLANDO, INC., a Florida corporation

T-REX CAFE–RENO, INC., a Nevada corporation

T-REX CAFE, INC., a Delaware corporation

WEST END SEAFOOD, INC., a Texas corporation

WILLIE G’S GALVESTON, INC, a Texas corporation

WILLIE G’S POST OAK, INC., a Texas corporation

  as Guarantors     By:  

 

  ,   on behalf of each of the above identified entities     Name:   Rick H.
Liem     Title:   Vice President of each of the above identified entities  

[SIGNATURE PAGE TO CREDIT AGREEMENT]

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CHLN-MARYLAND, INC., a Maryland corporation

RAINFOREST CAFÉ, INC. – BALTIMORE COUNTY, Maryland corporation

FSI RESTAURANT DEVELOPMENT LIMITED, a Texas limited partnership

       By:   Saltgrass, Inc., its Sole General Partner    LANDRY’S MANAGEMENT,
L.P., a Delaware limited partnership        By:   Landry’s G.P., Inc., its Sole
General Partner    WSI FISH LIMITED, a Texas limited partnership        By:  
Saltgrass, Inc., its Sole General Partner    as Guarantors    By:  
                                                                       
                                                  ,    on behalf of each of the
above identified entities    Name:   Steven L. Scheinthal    Title:   Vice
President of each of the above identified entities

[SIGNATURE PAGE TO CREDIT AGREEMENT]

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WELLS FARGO CAPITAL FINANCE, LLC,

a Delaware limited liability company (formerly known as Wells Fargo Foothill,
LLC), as Agent, Co-Arranger, Co-Syndication Agent and as a Lender

By:  

 

Name:   Title:  

[SIGNATURE PAGE TO AMENDMENT NUMBER ONE TO CREDIT AGREEMENT]

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JEFFERIES FINANCE LLC,

a Delaware limited liability company, as Co-Arranger, Co-Syndication Agent and
as a Lender

By:  

 

Name:   Title:  

[SIGNATURE PAGE TO AMENDMENT NUMBER ONE TO CREDIT AGREEMENT]

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JEFFERIES FINANCE CP FUNDING LLC,

a Delaware limited liability company, as a Lender

By:  

 

Name:   Title:  

[SIGNATURE PAGE TO AMENDMENT NUMBER ONE TO CREDIT AGREEMENT]

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[Other Lenders to be added]