Document:

f8k1001_x101-cardio.htm

STOCK PURCHASE AGREEMENT

THIS AGREEMENT is entered into this _______ day of __________, 2010 by and between The Robert Ireland Group, Inc. (the "Buyer") and those entities set forth on Schedule A annexed hereto, (collectively, the “Sellers”) and Cardio Vascular Medical Device Corp.  (the “Company”) a Corporation in good standing under the laws of the State of Delaware and currently a publicly traded company on the Bulletin Board under symbol “CVSL”;

RECITALS

WHEREAS, the Company currently has one hundred ninety six million nine hundred thousand (196,900,000) shares of common stock issued and outstanding (there are no preferred shares outstanding); and

WHEREAS, Sellers are the legal or beneficial owner of one hundred twenty five million (125,000,000) common shares in the Company;

WHEREAS, Sellers desire to sell and transfer to Buyer and Buyer desires to purchase in a private transaction in accordance with the terms and conditions provided for herein, a total of one hundred twenty four million nine hundred thousand (124,900,000) shares of common stock in the Company in the Company (collectively referred to as the “Securities”) from the Sellers;

WHEREAS, it is in the best interest of the Company and its continued operations for this transaction to proceed.

AGREEMENT

NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows:

ARTICLE I

PURCHASE AND SALE OF SECURITIES

Section 1.1        RECITALS:       The above recitals are incorporated herein as a part of this Stock Purchase Agreement.

Section 1.2        SALE OF SECURITIES:     Subject to the terms and conditions set forth in this Agreement, Sellers shall transfer and convey the Securities to Buyer, free and clear of any and all liens, claims, and encumbrances, whatsoever, and Buyer shall purchase the Securities from Sellers (the “Transaction”).

  

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Section 1.3      CONSIDERATION:

(a)           As payment for the transfer of the Securities by Sellers to Buyer, Buyer shall deliver at Closing, the sum of two hundred ten thousand dollars ($210,000.00) to Sellers as set forth in Schedule A annexed hereto.

(b)           The parties agree that the Sellers shall each retain fifty thousand shares of common stock in the Company (which shall contain a legend to indicate such shares shall contain anti-dilution protection for reverse split of the Company’s common stock within two years of the date hereof).

(c)           In addition, the parties agree that Buyer shall pay to Seller an additional fee equal to ten percent (10%)  of the proceeds received by Buyer from the sale of the stock issued to Buyer (as detailed in section 1.3(b) above.  The sale of the stock shall be in the sole discretion of Buyer.  Payment to Seller shall be made within ten days of receipt by Buyer.

 

 

Section 1.4  CLOSING.    Closing of the transactions contemplated herein shall occur on or before June 16, 2010.  In the event the Closing is not completed by June 16, 2010, any party hereto shall have the right to terminate this Agreement upon written notice to the other parties.

ARTICLE II

PRECONDITIONS TO CLOSING/DUE DILIGENCE

Section 2.1       CONDITIONS TO CONSUMMATION OF THE TRANSACTION:    The respective obligations of the parties with respect to this Transaction shall be subject to satisfaction of conditions customary to transactions of this type, including without limitation, (a) execution of this Stock Purchase Agreement by all parties; (b) absence of a material adverse change in the financial condition, business, properties, assets or prospects of the Company prior to Closing, (c) satisfactory completion by the Buyer and the Sellers of a due diligence investigation of the other party; and (d) confirmation that the representations and warranties of each party are true and accurate in all respects.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF SELLER

Seller, and where applicable the Company, represent and warrant that at the time of the execution of this Agreement and at the Closing thereof:

Section 3.1       MARKETABLE TITLE:     The Sellers shall convey to Buyer good and marketable title in and to the Securities, free and clear of any and all liens, claims, encumbrances.

Section 3.2       AUTHORITY:      The Sellers have the right, power, legal capacity and authority to enter into and perform its respective obligations under this Agreement and no approvals or consents of any persons or entities are necessary in connection with it;

  

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Section 3.3        CONTRACTS:     Neither the Company nor the Seller is the party to any agreement, contract, or written understanding, which would prevent them from lawfully entering into this Agreement.

Section 3.4        FINANCIAL INFORMATION:     Sellers have or shall have delivered all reasonably requested financial information regarding the Company and such financial information shall be true, complete, correct, and accurate as of closing.

Section 3.5        BOOKS AND RECORDS:     The books and records of the Company are to be delivered by the Company to Buyer at Closing, are true, complete and accurate. The minutes book of the Company contains accurate and complete records of Board of Directors meetings held and corporate actions taken by the stockholders or by written consent, and no meeting of any such stockholders or Board of Directors has been held for which minutes have not been prepared and are not contained in such minute books. At the Closing, all of those books and records shall be delivered by the Company to the Buyer.

Section 3.6        TAXES:      The Company has filed or caused to be filed tax returns that are or were required to be filed pursuant to applicable legal requirements. The Company has paid, or made provision for the payment of, all taxes that have or may have become due pursuant to those tax returns

Section 3.7        NO MATERIAL ADVERSE CHANGE:      Since the date of the initiation of negotiations regarding this Transaction, there has not been any material adverse change in the business, operations, properties, prospects, assets, or condition of the Company (financial or otherwise), and to the best knowledge of the Company and Sellers, no event has occurred or circumstance exists that may result in such a material adverse change.

Section 3.8         DISCLOSURE: No representation or warranty of Sellers in this Agreement omits to state a known material fact necessary to make the statements herein or therein, in light of the circumstances in which they were made, not misleading.  There is no fact known to Sellers that has specific application to either Sellers or the Company (other than general economic or industry conditions) and that materially adversely affects the assets, business, prospects, financial condition, or results of operations of the Company that has not been set forth in this Agreement.

Section 3.9         OUTSTANDING STOCK:     The Company has one hundred ninety six million nine hundred thousand (196,900,000) shares of common stock issued and outstanding of which one hundred twenty four million nine hundred thousand (124,900,000) are being delivered pursuant to this Agreement.  The Company has no obligation, pledge, promise or agreement (whether actual or contingent) whatsoever to issue any additional shares of any class of stock in the Company to any third party.  Further, the Company has no outstanding convertible Debenture or other legal instrument which would entitle the holder to convert the obligation into stock in the company at any time, whether actual or contingent.

Section 3.10         DEBTS:      The Company has no outstanding debts, judgments, liens, encumbrances, UUC filings, notes, loans or other financial obligations whatsoever, except those due and owing for the month of June, 2010.

  

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ARTICLE IV

REPRESENTATION AND WARRANTIES OF THE BUYER

The Buyer represents and warrants that the Buyer is a duly organized and validly existing Corporation  under the laws of the State of Texas.  The Buyer, and its principals are “accredited investors,” sophisticated and knowledgeable in transactions of this nature.  The Buyer has consulted such professionals as it deems appropriate in entering into this Agreement, and has had an opportunity to ask questions of the Company and has received satisfactory answers from the Company.  The Buyer has conducted due diligence into the Company as it deems appropriate to enter into this Agreement and close the transactions set forth herein. The Buyer has the right, power, legal capacity and authority to enter into and perform its respective obligations under this Agreement and no approvals or consents of any persons or entities are necessary in connection with it.  Buyer is not a party to any agreement, contract, or written understanding, which would prevent Buyer from lawfully entering into this Agreement.

ARTICLE V

RESIGNATION OF BOARD / NO SHOP PROVISION /

CONDUCT OF BUSINESS / CONFIDENTIALITY

Section 5.1       RESIGNATION FROM BOARD OF DIRECTORS, OFFICER POSITIONS AND EMPLOYMENT:As of the date of Closing, the Company shall cause the current officers and directors to resign from its Board of Directors.  Immediately prior to such resignation, the Board of Directors of the Company shall appoint Michael Postel to the Board of Directors as the sole Board member as of the date of Closing.

Section 5.2      CONDUCT OF BUSINESS:    The Company has and shall continue conduct its business in the normal and ordinary course, consistent with the present conduct of its business and previous practices, shall not make and/or declare any dividend (cash and/or stock), redemption, stock split (reverse or forward), and/or stock and/or cash distributions.

Section 5.3       EXPENSES.     Each of the parties shall be responsible for their own expenses in connection with this Agreement and consummation of the Transactions contemplated hereby.

Section 5.4       CONFIDENTIALITY    Each of the parties hereto agrees that it shall not use, or permit the use of, any and all of the information relating to the Company, Sellers or the Buyer, respectively, furnished to each other in connection with this Transaction (“Confidential Information”), except publicly available or freely usable material as otherwise obtained from another source, in a manner or for a purpose detrimental to the Company, Sellers or the Buyer, as the case may be, or otherwise than in connection with this Transaction. None of the Parties hereto shall, and each party shall cause its directors, officers, employees, agents, affiliates, and representatives not to, disclose, divulge, provide, or make accessible, or available, any and all of the Confidential Information, in whole or in part, to any person or entity, other than their respective and responsible officers, employees, advisors, or attorneys, or otherwise as required by law or regulation.

  

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ARTICLE VI

INDEMNIFICATION

Section 6.1        INDEMNIFICATION BY SELLER: Sellers shall indemnify, save, defend and hold harmless Buyer and its officers, directors and members from and against any and all damages, costs, liabilities, and expenses, of any kind whatsoever (including reasonable attorneys' fees) arising out of, or in connection with, (a) any and all breaches of this Agreement and the representations and warranties by Sellers; and (b) any and all claims by a third party relating to Seller’s sole actions or inaction as the case may be or gross negligence occurring prior to the Closing; and (c) any claim by any person or entity for brokerage or finder’s fees, or commissions, or similar payments, based upon any written agreement or written understanding alleged to have been made by any such person or entity with Sellers in connection with the contemplated Transaction or this Agreement.

Section 6.2        INDEMNIFICATION BY BUYER:  Buyer shall indemnify, save, defend and hold harmless Sellers from and against any and all damages, costs, liabilities, and expenses, of any kind whatsoever (including reasonable attorneys' fees) arising directly out of (a) any and all activities and/or operations of the Company and the Company’s subsidiaries conducted after the Closing; (b) any and all breaches of this Agreement by Buyer; and (c) any and all claims by a third party relating to Buyer’s and/or the Company’s sole actions or inaction as the case may be or gross negligence occurring after the Closing; and (d) any claim by any person or entity for brokerage or finder’s fees, or commissions, or similar payments, based upon any agreement or understanding whether actual or alleged to have been made by any such person or entity with the Buyer or his affiliates in connection with the contemplated Transaction or this Agreement.

ARTICLE VII

THE CLOSING

Section 7.1      SELLER OBLIGATIONS:       At the Closing, upon receipt of the purchase price, Sellers shall deliver to Buyer and their counsel:

(a)           The stock certificates representing the Securities, registered in the name of Seller, but endorsed for transfer to the Buyer or accompanied by one or more irrevocable stock powers duly executed by Seller and medallion guaranteed to the Buyer in the name of the Buyer.

(b)           The resignations from the Board of Directors and appointment of new Board of Directors as required above.

(c)           All other instruments or documents as may be reasonably required to consummate the Transaction contemplated by this Agreement.

(d)           The Seller and the Company shall instruct the transfer agent of the Securities strictly in accordance with this Agreement at the direction and request of the Buyer, to provide for the Transactions contemplated herein.

  

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Section 7.2        BUYERS’ OBLIGATIONS:     At the Closing, Buyer shall deliver to Seller the following instruments and documents:

	
(a)  

	
Wire transfer in the amount of $210,000  payable to Sellers.

Section 7.3       THE CLOSING.    The Closing shall occur on or before June 16, 2010 and may be conducted via either the transmission of facsimile documents or scanned and emailed signed documents.

ARTICLE VIII

GENERAL PROVISIONS

Section 8.1       ASSIGNMENT:      Neither the Sellers nor the Buyer may assign or transfer their interest and/or rights under this Agreement without the prior written consent of the other.

Section 8.2       BINDING EFFECT:      This Agreement shall be binding upon the parties hereto and their personal representatives, executors, heirs, beneficiaries, successors, and permitted assigns, if any.

Section 8.3        NOTICES:       Unless otherwise changed by written notice, any notice or other communications required or permitted hereunder shall be deemed given if sent postage prepaid, return receipt requested, addressed to the respective party at the address set forth on the signature page of this Agreement.

Section 8.4:      GOVERNING LAW:        This Agreement shall be governed and interpreted solely in accordance with the laws of the State of New York, and applicable U.S. federal law, if any, and in each case without regard to their choice of laws principles.  All disputes shall be resolved in the Courts of either the State of New York or the Federal Districts residing within the State of New York.

Section 8.5:       LEGAL FORM:      The parties hereto agree that they have been or have had the opportunity to be represented by counsel during the negotiation and execution of this Agreement.

Section 8.6:       ENTIRE AGREEMENT:      This Agreement embodies the entire agreement between the parties hereto with respect to the subject matter hereof, and supersedes all prior, and contemporaneous, negotiations, agreements, and understandings, whether written or oral.  This Agreement, or any provision herein, may not be changed, waived, discharged, or terminated, except by an express written instrument signed by the party against whom enforcement of the change, waiver, discharge or termination is sought.

BUYER:

THE ROBERT IRELAND GROUP, LLC

____________________________________

By:  Mark T. Johnson, Managing Member

SELLERS:

Olympus Capital Group, LLC                                                                                                Rada Advisors, Inc.

	
___________________________

	
___________________________

THE COMPANY:

CARDIO VASCULAR MEDICAL DEVICE CORP.

By:           ___________________________________

___________________________________

  

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Schedule A

	
Name

	
Dollar Amount

	
Number of Shares

	
Olympus Capital Group, LLC

	
 

 

$157,500

	
 

 

93,700,000

	
Rada Advisors, Inc.

 

	
 

 

$52,500

	
 

 

31,200,000

  

7ex10-28.htm

Exhibit 10.28

 

FIFTH AMENDMENT TO CREDIT AGREEMENT

AND AMENDMENT TO CREDIT DOCUMENTS

 

 

THIS FIFTH AMENDMENT TO CREDIT AGREEMENT AND AMENDMENT TO CREDIT DOCUMENTS (this “Amendment”), dated as of January 31, 2010 is by and among BENIHANA INC., a Delaware corporation (the “Borrower”), the Domestic Subsidiaries of the Borrower party hereto (collectively, the “Guarantors”), the banks and certain financial institutions party hereto (the “Lenders”) and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent on behalf of the Lenders under the Credit Agreement (as hereinafter defined) (in such capacity, the “Agent”).  Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement, as amended hereby.

 

W I T N E S S E T H

 

WHEREAS, the Borrower, the Guarantors, the Lenders and the Agent are parties to that certain Credit Agreement dated as of March 15, 2007 (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit Agreement”);

 

WHEREAS, the Lender has requested certain amendments to the Credit Documents and the Credit Parties are willing to make such amendments in accordance with the terms of the Fourth Amendment to Credit Agreement;

 

NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

ARTICLE I

AMENDMENTS

 

1.1           Amendment to Section 6 of the Credit Agreement.  Section 6 of the Credit Agreement is hereby amended by adding a new Section 6.30 to the end of such Article to read as follows:

 

6.30           Liability.

 

Each of the Credit Parties hereby represents and warrants that each Credit Party is personally obligated and fully liable for the amount due under this Credit Agreement, the Notes and the other Credit Documents. Each of the Lenders, in accordance with the terms of the Credit Documents, has the right to sue on the Credit Agreement, the Notes and the other Credit Documents and obtain a personal judgment against any Credit Party for satisfaction of the amount due under the Credit Agreement, the Notes or the other Credit Documents either before or after a judicial foreclosure of any mortgage or deed of trust under AS 09.45.170 - 09.45.220.

 

1.2           Amendment to Section 11 of the Credit Agreement.  Section 11 of the Credit Agreement is hereby amended by adding a new Section 11.21 to the end of such Article to read as follows:

 

  

  

  

 

11.21           Lender Acknowledgment With Respect To Hedging Agreements.

 

Each of the Lenders acknowledges and agrees that they have been informed that the following language should be added to any Hedging Agreement in order to allow such Lender to bring suit directly on such Hedging Agreement (as opposed to first foreclosing on any mortgage or deed of trust governed by the laws of Alaska).

 

Benihana Inc., on behalf of each of the Credit Parties (as defined in that certain Credit Agreement, dated as of March 15, 2007, by and among Benihana Inc., certain subsidiaries of Benihana Inc. from time to time party thereto, the lenders from time to time party thereto and Wachovia Bank, National Association, in its capacity as administrative agent (the “Credit Agreement”)), hereby represents and warrants that each Credit Party is personally obligated and fully liable for the amount due under this hedging agreement. [Insert Lender Name], in accordance with the terms of this hedging agreement and the Credit Agreement, has the right to sue on this hedging agreement and obtain a personal judgment against any Credit Party for satisfaction of the amount due under this hedging agreement either before or after a judicial foreclosure of any mortgage or deed of trust under AS 09.45.170 - 09.45.220.

 

1.3           Amendment to Notes.  Each of the Notes is hereby amended by adding the following language to the end of such Notes to read as follows:

 

Benihana Inc., on behalf of each of the Credit Parties (as defined in that certain Credit Agreement, dated as of March 15, 2007, by and among Benihana Inc., certain subsidiaries of Benihana Inc. from time to time party thereto, the lenders from time to time party thereto and Wachovia Bank, National Association, in its capacity as administrative agent (the “Credit Agreement”)), hereby represents and warrants that each Credit Party is personally obligated and fully liable for the amount due under the Credit Agreement, this Note, the other Notes and the other Credit Documents.  Each of the Lenders, in accordance with the terms of the Credit Documents, has the right to sue on the Credit Agreement, the Notes and the other Credit Documents and obtain a personal judgment against any Credit Party for satisfaction of the amount due under the Credit Agreement, the Notes or the other Credit Documents either before or after a judicial foreclosure of any mortgage or deed of trust under AS 09.45.170 - 09.45.220.

 

1.4           Amendment to Wachovia Hedging Agreements.  Each of the Hedging Agreements owing from the Borrower to Wachovia is hereby amended by adding the following language to the end of such Hedging Agreements to reach as follows:

 

Benihana Inc., on behalf of each of the Credit Parties (as defined in that certain Credit Agreement, dated as of March 15, 2007, by and among Benihana Inc., certain subsidiaries of Benihana Inc. from time to time party thereto, the lenders from time to time party thereto and Wachovia Bank, National Association, in its capacity as administrative agent (the “Credit Agreement”)), hereby represents and warrants that each Credit Party is personally obligated and fully liable for the amount due under this hedging agreement. Wachovia Bank, National Association, in accordance with the terms of this hedging agreement and the Credit Agreement, has the right to sue on this hedging agreement and obtain a personal judgment against any Credit Party for satisfaction of the amount due under this hedging agreement either before or after a judicial foreclosure of any mortgage or deed of trust under AS 09.45.170 - 09.45.220.

 

ARTICLE II

CONDITIONS TO EFFECTIVENESS

 

2.1           Closing Conditions.  This Amendment shall become effective as of the day and year set forth above (the “Amendment Effective Date”) upon satisfaction of the following conditions (in form and substance reasonably acceptable to the Agent):

 

(a)           Executed Amendment.  The Agent shall have received a copy of this Amendment duly executed by (i) each of the Credit Parties, (ii) the Agent and (iii) the Required Lenders.

 

  

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(b)           Fees and Expenses.  The Agent shall have received from the Borrower such fees and expenses that are payable in connection with the consummation of the transactions contemplated hereby, including, without limitation, the reasonable fees and expenses of Moore & Van Allen PLLC.

 

ARTICLE III

MISCELLANEOUS

 

3.1           Amended Terms.  On and after the Amendment Effective Date, all references to the Credit Agreement in each of the Credit Documents shall hereafter mean the Credit Agreement as amended previously and as amended by this Amendment.  Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.

 

3.2           Representations and Warranties of Credit Parties.  Each of the Credit Parties represents and warrants as follows:

 

(a)           It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

 

(b)           This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity).

 

(c)           No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment.

 

(d)           The representations and warranties set forth in Section 6 of the Credit Agreement are true and correct as of the date hereof (except for those which expressly relate to an earlier date).

 

(e)           After giving effect to this Amendment, no event has occurred and is continuing which constitutes a Default or an Event of Default.

 

(f)           The Collateral Documents continue to create a valid security interest in, and Lien upon, the Collateral, in favor of the Agent, for the benefit of the Lenders, which security interests and Liens are perfected in accordance with the terms of the Security Documents and prior to all Liens other than Permitted Liens.

 

(g)           The Credit Party Obligations are not reduced or modified by this Amendment and are not subject to any offsets, defenses or counterclaims.

 

3.3           Reaffirmation of Credit Party Obligations.  Each Credit Party hereby ratifies the Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective Credit Party Obligations.

 

3.4           Credit Document.  This Amendment shall constitute a Credit Document under the terms of the Credit Agreement.

 

3.5           Expenses.  The Borrower agrees to pay all reasonable costs and expenses of the Agent in connection with the preparation, execution and delivery of this Amendment, including without limitation the reasonable fees and expenses of the Agent’s legal counsel.

 

  

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3.6           Further Assurances.  The Credit Parties agree to promptly take such action, upon the request of the Agent, as is necessary to carry out the intent of this Amendment.

 

3.7           Entirety.  This Amendment and the other Credit Documents embody the entire agreement among the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof.

 

3.8           Counterparts; Telecopy.  This Amendment may be executed in any number of counterparts, each of which when so executed and delivered shall be an original, but all of which shall constitute one and the same instrument.  Delivery of an executed counterpart to this Amendment by telecopy or other electronic means shall be effective as an original and shall constitute a representation that an original will be delivered.

 

3.9           No Actions, Claims, Etc.  As of the date hereof, each of the Credit Parties hereby acknowledges and confirms that it has no knowledge of any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, against the Agent, the Lenders, or the Agent’s or the Lenders’ respective officers, employees, representatives, agents, counsel or directors arising from any action by such Persons, or failure of such Persons to act under this Credit Agreement on or prior to the date hereof.

 

3.10        GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NORTH CAROLINA.

 

3.11        Successors and Assigns.  This Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

 

3.12        General Release.  In consideration of the Agent, on behalf of the Lenders, entering into this Amendment, each Credit Party hereby releases the Agent, the Lenders, and the Agent’s and the Lenders’ respective officers, employees, representatives, agents, counsel and directors from any and all actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, now known or unknown, suspected or unsuspected to the extent that any of the foregoing arises from any action or failure to act under the Credit Agreement on or prior to the date hereof.

 

3.13        Consent to Jurisdiction; Service of Process; Waiver of Jury Trial.  The jurisdiction, services of process and waiver of jury trial provisions set forth in Sections 11.10, 11.16 and 11.18 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

  

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BENIHANA INC.

FIFTH AMENDMENT TO CREDIT AGREEMENT AND AMENDMENT TO CREDIT DOCUMENTS

 

IN WITNESS WHEREOF the parties hereto have caused this Amendment to be duly executed on the date first above written.

	 	 	 	 	 	 
	BORROWER: 	 	BENIHANA INC.,
	 	 	 	a Delaware corporation
	 	 	 	 	 
	 	 	 	By:	/s/ Richard C. Stockinger	 
	 	 	 	 	 
	GUARANTORS: 	 	 	 	 
	 	 	 	 	 
	 	 	 	
1501 BROADWAY RESTAURANT CORP.,

a New York corporation

BENIHANA BETHESDA CORP.,

a New York corporation

BENIHANA BRICKELL STATION CORP.,

a Delaware corporation

BENIHANA BROOMFIELD CORP.,

a Delaware corporation

BENIHANA CARLSBAD CORP.,

a Delaware corporation

BENIHANA CHANDLER CORP.,

a Delaware corporation

BENIHANA CHICAGO CORP.,

a Delaware corporation

BENIHANA ENCINO CORP.,

a California corporation

BENIHANA INTERNATIONAL, INC.,

a Delaware corporation

BENIHANA LINCOLN ROAD CORP.,

a Florida corporation

BENIHANA LOMBARD CORP.,

an Illinois corporation

BENIHANA MARINA CORP.,

a California corporation

BENIHANA MONTEREY CORPORATION,

a Delaware corporation

BENIHANA NATIONAL CORP.,

a Delaware corporation

BENIHANA NATIONAL OF FLORIDA CORP.,

a Delaware corporation

BENIHANA NEW YORK CORP.,

a Delaware corporation

BENIHANA ONTARIO CORP.,

a Delaware corporation

BENIHANA ORLANDO CORP.,

a Delaware corporation

 

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BENIHANA INC.

FIFTH AMENDMENT TO CREDIT AGREEMENT AND AMENDMENT TO CREDIT DOCUMENTS

 

	 	 	 	
BENIHANA PLYMOUTH MEETING CORP.,

a Delaware corporation

BENIHANA OF PUENTE HILLS CORP.,

a Delaware corporation

BENIHANA SCHAUMBURG CORP.,

a Delaware corporation

BENIHANA SUNRISE CORPORATION,

a Delaware corporation

BENIHANA TUCSON CORP.,

a Delaware corporation

BENIHANA WESTBURY CORP.,

a Delaware corporation

BENIHANA WESTWOOD CORP.,

a Delaware corporation

BENIHANA WHEELING CORP.,

a Delaware corporation

BIG SPLASH KENDALL CORP.,

a Delaware corporation

HARU AMSTERDAM AVENUE CORP.,

a New York corporation

HARU FOOD CORP.,

a New York corporation

HARU GRAMERCY PARK CORP.,

a New York corporation

HARU HOLDING CORP.,

a Delaware corporation

HARU PARK AVENUE CORP.,

a Delaware corporation

HARU PHILADELPHIA CORP.,

a Delaware corporation

HARU PRUDENTIAL CORP.,

a Delaware corporation

HARU THIRD AVENUE CORP.,

a New York corporation

HARU TOO, INC.,

a New York corporation

HARU WALL STREET CORP.,

a Delaware corporation

MAXWELL’S INTERNATIONAL INC.,

a Delaware corporation

NOODLE TIME, INC.,

a Florida corporation

RA AHWATUKEE RESTAURANT CORP.,

a Delaware corporation

RA FASHION VALLEY CORP.,

a Delaware corporation

RA KIERLAND RESTAURANT CORP.,

a Delaware corporation

RA SCOTTSDALE CORP.,

a Delaware corporation

 

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BENIHANA INC.

FIFTH AMENDMENT TO CREDIT AGREEMENT AND AMENDMENT TO CREDIT DOCUMENTS

 

	 	 	 	
RA TEMPE CORP.,

a Delaware corporation

RA SUSHI BALTIMORE CORP.,

a Delaware corporation

  RA SUSHI CHICAGO CORP.,

a Delaware corporation

RA SUSHI CORONA CORP.,

a Delaware corporation

RA SUSHI DENVER CORP.,

a Delaware corporation

RA SUSHI GLENVIEW CORP.,

a Delaware corporation

RA SUSHI HUNTINGTON BEACH CORP.,

a Delaware corporation

RA SUSHI HOLDING CORP.,

a Delaware corporation

RA SUSHI LAS VEGAS CORP.,

a Nevada corporation

RA SUSHI LOMBARD CORP.,

a Delaware corporation

RA SUSHI MESA CORP.,

a Delaware corporation

RA SUSHI PALM BEACH GARDENS CORP.,

a Delaware corporation

RA SUSHI SAN DIEGO CORP.,

a Delaware corporation

RA SUSHI SOUTH MIAMI CORP.,

a Delaware corporation

RA SUSHI TORRANCE CORP.,

a Delaware corporation

RA SUSHI TUCSON CORP.,

a Delaware corporation

RA SUSHI TUSTIN CORP.,

a Delaware corporation

RA SUSHI WESTWOOD CORP.,

a Delaware corporation

RUDY’S RESTAURANT GROUP, INC.,

a Nevada corporation

TEPPAN RESTAURANTS LTD.,

an Oregon corporation

THE SAMURAI, INC.,

a New York corporation

 

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BENIHANA INC.

FIFTH AMENDMENT TO CREDIT AGREEMENT AND AMENDMENT TO CREDIT DOCUMENTS

 

	 	 	 	
BENIHANA LAS COLINAS CORP.,

a Texas corporation

BENIHANA OF TEXAS, INC.,

a Texas corporation

BENIHANA WOODLANDS CORP.,

a Texas corporation

RA HOUSTON CORP.,

a Texas corporation

RA SUSHI CITY CENTER CORP.,

a Texas corporation

RA SUSHI PLANO CORP.,

a Texas corporation

BENIHANA MEADOWLANDS CORP.,

a Delaware corporation

RA SUSHI PEMBROKE PINES CORP.,

a Delaware corporation

BENIHANA COLUMBUS CORP.,

a Delaware corporation

BENIHANA CORAL SPRINGS CORP.,

a Delaware corporation

RA SUSHI CHINO HILLS CORP.,

a Delaware corporation

RA SUSHI LEAWOOD CORP.,

a Delaware corporation

RA SUSHI LEAWOOD CORP.,

a Kansas corporation

RA SUSHI ORLANDO CORP.,

a Delaware corporation

BENIHANA PLANO CORP.,

a Texas corporation

RA SUSHI PITTSBURGH CORP.,

a Delaware corporation

RA SUSHI ATLANTA MIDTOWN CORP.,

a Delaware corporation

BENIHANA WINTER PARK CORP.,

a Delaware corporation

RA SUSHI FORT WORTH CORP.,

a Texas corporation

	 	 	 	 	 	 	 
	 	 	 	By:	 /s/ Richard C. Stockinger	 
	 	 	 	Name:	Richard C. Stockinger
	 	 	 	Title: 	Chief Executive Officer

 

  

  

  

 

	

ADMINISTRATIVE AGENT

	 	 	 	 	 	 
	AND LENDER:	 	WACHOVIA BANK, NATIONAL ASSOCIATION,
	 	 	 	as a Lender and as Agent
	 	 	 	 	 	 	 
	 	 	 	By: 	/s/ John Costa	 
	 	 	 	Name:	John Costa
	 	 	 	Title:  Senior Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}]]