Document:

Warrant to Purchase Common Shares

 Exhibit 10.2

 
 NEITHER THIS WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND THEY MAY NOT BE TRANSFERRED IN VIOLATION OF
SUCH ACT OR LAWS, THE RULES AND REGULATIONS THEREUNDER OR THE PROVISIONS OF THIS WARRANT. 
 No. of Common Shares: 4,281,775 
 WARRANT 
 To Purchase Common Shares
of 
 BUCA, INC. 
 THIS IS TO
CERTIFY THAT BUCA Financing, LLC, or its permitted assigns, is entitled at any time prior to the Expiration Date (as hereinafter defined), to purchase from BUCA, Inc., a Minnesota corporation (the “Company”), 4,281,775 shares of
Common Stock (as hereinafter defined) in whole or in part, including fractional parts, at a purchase price of $0.01 per share, all on the terms and conditions and pursuant to the provisions hereinafter set forth. This Warrant has been issued by the
Company to BUCA Financing, LLC, in connection with the bridge financing that Planet Hollywood International, Inc. has provided to the Company for approximately U.S. $3,500,000 net of legal expenses. 
 NOW THEREFORE, in consideration of the mutual promises, representations, warranties, covenants and conditions set further herein, the parties mutually
agree as follows: 
 ARTICLE I 
 Defined Terms 
 SECTION 1.1 Definitions. The following terms shall have the following meanings: 
 “Common Stock” means the common stock, par value $0.01 per share, of the Company and any securities issued in respect thereof, or in
substitution therefor, in connection with any stock split, dividend, spin-off or combination, or any reclassification, recapitalization, merger, consolidation, exchange or other similar reorganization or business combination. 
 “Exercise Price” means, at any date herein, the price at which a share of Common Stock may be purchased pursuant to this Warrant. On the
date of the original issuance of this Warrant, the Exercise Price is $0.01 per share of Common Stock. 
 “Expiration Date” means the tenth (10th) anniversary of August 5, 2008. 
 “Group” shall have the meaning assigned to it in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended. 

“Holder” means the duly registered holder of this Warrant under the terms hereof, being BUCA Financing, LLC, and including assignees
thereof. 
 “Merger Agreement” means the Agreement and Plan of Merger by and among Planet Hollywood International, Inc.,
BUCA Financing, LLC and BUCA, Inc. dated August 5, 2008. 

 “SEC” means the U.S. Securities and Exchange Commission. 
 “Warrant Shares” means the shares of Common Stock received, or issued, as the case may be, upon exercise of the Warrants. 
 “Warrants” means this Warrant and all warrants issued upon transfer, division or combination of, or in substitution for, any thereof.
All Warrants shall at all times be identical as to terms and conditions and date, except as to the number of shares of Common Stock for which they may be exercised. 
 ARTICLE II 
 Exercise Terms 
 SECTION 2.1 Exercise Periods. The Holder may exercise this Warrant on any Business Day at any time following the earlier of (i) the
termination of the Merger Agreement, or (ii) a Change of Control Event, for all or any part of the number of shares of Common Stock purchasable hereunder at any time from and after the date of this Warrant and until 5:00 p.m., New York City
time, on the Expiration Date. 
 SECTION 2.2 Manner of Exercise. (a) In order to exercise this Warrant, in whole or in part,
Holder shall deliver to the Company at its principal office at 1300 Nicollet Mall, Suite 5003, Minneapolis, MN 55403 or at the office or agency designated by the Company pursuant to Article VI: (i) a written notice of Holder’s
election to exercise this Warrant, which notice shall specify the number of Warrant Shares to be purchased and shall be substantially in the form of the subscription form appearing at the end of this Warrant as Exhibit A, (ii) subject to
the succeeding paragraph, payment of the Exercise Price for the number of Warrant Shares in respect of which such Warrant is then exercised, and (iii) this Warrant. Payment of the Exercise Price shall be made in cash or by certified or official
bank check payable to the order of the Company or by wire transfer of funds to an account designated by the Company for such purpose. 
 (b)
In lieu of exercising this Warrant for cash, the Holder may elect to receive shares equal to the value of this Warrant (or the portion thereof being exercised) by surrender of this Warrant at the principal office of the Company together with notice
of such election (“Net Exercise”). The Company shall issue to a holder who Net Exercises a number of Shares computed using the following formula: 
 X = Y(A - B)  
 A 
 Where 
 X = The number of Shares to be
issued to the Holder. 
 Y = The number of Shares purchasable under this Warrant or, if only a portion of the Warrant is being exercised, the
portion of the Warrant being cancelled (at the date of such calculation). 
 A = The fair market value of one (1) Share (at the date of
such calculation). 
 B = The Warrant Price (as adjusted to the date of such calculation (the “Determination Date”)). 

For purposes of this Section 2.2(b), the fair market value of a Warrant Share shall mean: the Volume Weighted Average Price (VWAP) of the
Company’s common stock for the 10 consecutive Trading Days ending on the date immediately preceding the date of the Exercise Notice, or if the VWAP cannot be calculated for a security on a particular date, the fair market value shall be
mutually determined by the Company and the Holder. 

  

 2 

 
All such determinations to be appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction during the
applicable calculation period. 
 “VWAP” means, for any security as of any date, an average price calculated by adding up the
dollars traded for every transaction (price multiplied by number of shares traded) and then dividing by the total shares traded for the day for such security on the NASDAQ Global Market, as reported by Bloomberg, or, if the NASDAQ Global Market
begins to operate on an extended hours basis and does not designate the closing bid price or the closing trade price, as the case may be, then the last bid price or the last trade price, respectively, of such security prior to 4:00 p.m., New York
time, as reported by Bloomberg, or, if the NASDAQ Global Market is not the principal securities exchange or trading market for such security, the VWAP of such security on the principal securities exchange or trading market where such security is
listed or traded as reported by Bloomberg, or if the foregoing do not apply, the VWAP, of such security in the over-the-counter market on the electronic bulletin board for such security as reported by Bloomberg, or, if no price is reported for such
security by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for such security as reported in the “pink sheets” by Pink Sheets LLC (formerly the National Quotation Bureau, Inc.). 

“Trading Day” means any day on which the Common Stock are traded on the Principal Market, or, if the Principal Market is not the principal
trading market for the Common Stock, then on the principal securities exchange or securities market on which the Common Stock are then traded; provided that “Trading Day” shall not include any day on which the Common Stock are scheduled to
trade on such exchange or market for less than 4.5 hours or any day that the Common Stock are suspended from trading during the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance the closing
time of trading on such exchange or market, then during the hour ending at 4:00:00 p.m., New York time). 
 If there is no public market for
the Common Stock, the fair market value shall be the price per Share that the Company could obtain from a willing buyer for Shares sold by the Company from authorized but unissued Shares, as such prices shall be determined in good faith by the
Company’s Board of Directors. 
 (c) The rights represented by this Warrant shall be exercisable at the election of the Holder hereof
either in full at any time or in part from time to time and, in the event that this Warrant is surrendered for exercise in respect of less than all the Warrant Shares purchasable on such exercise at any time prior to the Expiration Date, the Company
shall, at the time of delivery of the certified copy of the Company’s share register evidencing and representing the Warrant Shares, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased shares of
Common Stock called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant. 
 SECTION 2.3
Issuance of Warrant Shares. Upon the surrender of this Warrant and payment of the per share Exercise Price, as set forth in Section 2.2, the Company shall, as promptly as practicable, and in any event within five (5) Business Days
thereafter, issue or cause there to be issued and deliver or cause to be delivered to or upon the written order of the Holder and in such name or names as the Holder may designate in the notice provided pursuant to Section 2.2, a certified copy
of the Company’s share register evidencing and representing the number of full Warrant Shares so purchased upon the exercise of such Warrants or other securities or property to which it is entitled, registered or otherwise to the Person or
Persons entitled to receive the same. Such Warrant Shares shall be deemed to have been issued to any Person so designated by the Holder and such Person shall be deemed to have become a holder of record of such Warrant Shares as of the date of the
delivery of the notice provided pursuant to Section 2.2, the surrender of this Warrant and payment of the per share Exercise Price. 
 SECTION 2.4 Reservation of Warrant Shares. The Company shall at all times on and following August 5, 2008 keep reserved out of its authorized shares of Common Stock a number of shares of Common Stock sufficient to provide for
the exercise in full of all outstanding Warrants. The registrar for the Common Stock shall at all times on and following August 5, 2008 and until the Expiration Date, or the time at which all Warrants have been exercised or canceled, reserve
such number of authorized shares of Common Stock as shall 

  

 3 

 
be required for such purpose. All Warrant Shares which may be issued upon exercise of this Warrant shall be duly and validly authorized, validly issued,
fully paid, nonassessable, free of preemptive rights and free from all Encumbrances. 
 SECTION 2.5 Compliance with Law. If any shares
of Common Stock required to be reserved for purposes of exercise of Warrants would require, under any other federal or state law or applicable governing rule or regulation of any national securities exchange, registration with or approval of any
governmental authority, or listing on any such national securities exchange before such shares may be issued upon exercise, the Company will cause such shares to be duly registered or approved by such governmental authority or listed on the relevant
national securities exchange, at its expense. 
 SECTION 2.6 Payment of Taxes. The Company shall pay all expenses in connection with,
and all documentary, stamp or similar issue or transfer taxes, if any, and all other taxes and other governmental charges that may be imposed with respect to the issue or delivery of this Warrant and all shares of Common Stock issuable upon the
exercise of this Warrant, and shall indemnify and hold the Holder and its Affiliates and the Company’s directors harmless from any taxes, interest and penalties which may become payable by the Holder or its Affiliates or any such directors as a
result of the failure or delay by the Company to pay such taxes. The Company shall not be required, however, to pay any tax or other charge imposed in connection with any transfer involved in (a) the transfer of the Warrant, or (b) the
issue of any shares of Common Stock issuable upon exercise of this Warrant in any name other than that of the Holder or its Affiliates, and in such case the Company shall not be required to issue or deliver any stock until such tax or other charge
has been paid or it has been established to the satisfaction of the Company that no such tax or other charge is due. 
 ARTICLE III 

 Adjustment Provisions 
 SECTION 3.1 Change of Control Event. The Holder may exercise this Warrant on any Business Day, for all or any part of the number of shares of Common Stock purchasable hereunder immediately prior to the consummation of any of the
following transactions with any person(s) other than the Holder or a subsidiary or other affiliate of the Holder: (i) the sale, lease, exchange, conveyance or other disposition of all or substantially all of the Company’s property or
business, or (ii) its merger into or consolidation with any other corporation, or (iii) any transaction (including a merger or other reorganization) or series of related transactions, in which more than 40% of the voting power of the
Company is disposed of (each event described in the foregoing clauses (i) to (iii) being a “Change of Control Event”), provided that the Company shall give the Holder reasonable prior written notice of the proposed
consummation of such Change of Control Event to permit the Holder to exercise the rights under this Warrant. The Company will ensure that the Holder will be entitled to receive the same consideration per share of Common Stock as the other holders of
its Common Stock receive in connection with such Change of Control Event. 
 SECTION 3.2 Changes in Common Stock. In the event that at
any time or from time to time after the date hereof, the Company shall (i) issue any shares of Common Stock, securities convertible into Common Stock or shares of stock of any class or any other securities, rights or option to acquire Common
Stock (ii) pay a dividend or make a distribution on its Common Stock in shares of its Common Stock, (iii) subdivide its outstanding shares of Common Stock into a larger number of shares of Common Stock, (iv) combine its outstanding
shares of Common Stock into a smaller number of shares of Common Stock, or (v) increase or decrease the number of shares of Common Stock outstanding by reclassification of its Common Stock, then the number of shares of Common Stock purchasable
upon exercise of this Warrant immediately after the happening of such event shall be adjusted so that, after giving effect to such adjustment, the Holder of this Warrant shall be entitled to receive the number of shares of Common Stock upon exercise
that such Holder would have owned or have been entitled to receive had this Warrant been exercised immediately prior to the happening of the events described above (or, in 

  

 4 

 
the case of a dividend or distribution of Common Stock, immediately prior to the record date therefor). An adjustment made pursuant to this Section 3.2
shall become effective immediately after the effective date, retroactive to the record date therefor in the case of a dividend or distribution in shares of Common Stock, and shall become effective immediately after the effective date in the case of
an issuance, subdivision, combination or reclassification. 
 SECTION 3.3 Cash Dividends and Other Distributions. In case at any time
or from time to time after the date hereof, the Company shall distribute to all holders of Common Stock (i) any dividend or other distribution of cash, evidences of its indebtedness, shares of its capital stock or any other properties or
securities, or (ii) any options, warrants or other rights to subscribe for or purchase any of the foregoing, then the Company shall include the Holders in such distributions as if the Holders have exercised this Warrant in whole. 
 SECTION 3.4 Reorganization or Reclassification. (a) If the Company shall reorganize its capital or reclassify its capital stock, pursuant to
the terms of such reorganization or reclassification, then, the Holder shall have the right thereafter to receive, upon exercise of such Warrant, the number of shares of common stock of the successor Person or of the Company, if it is the surviving
entity, or other equitable securities, property or cash receivable upon or as a result of such reorganization or reclassification by a holder of the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such
event. 
 (b) In case of any such reorganization or reclassification, the successor or acquiring Person (if other than the Company) shall
expressly assume the due and punctual observance and performance of each and every covenant and condition of this Warrant to be performed and observed by the Company and all the obligations and liabilities hereunder, subject to such modifications as
may be deemed appropriate (as determined by resolution of the Board) in order to provide for adjustments of shares of the Common Stock for which this Warrant is exercisable which shall be as nearly equivalent as practicable to the adjustments
provided for in this Article III. 
 (c) For purposes of this Section 3.4 “common stock of the successor Person” shall
include stock of such Person of any class which is not preferred as to dividends or assets over any other class of stock of such Person and which is not subject to redemption and shall also include any evidences of indebtedness, shares of stock or
other securities which are convertible into or exchangeable for any such stock, either immediately or upon the arrival of a specified date or the happening of a specified event and any warrants or other rights to subscribe for or purchase any such
stock. The foregoing provisions of this Section 3.4 shall similarly apply to successive reorganizations or reclassifications. 
 SECTION
3.5 Other Provisions Regarding Adjustments. In the event that at any time, as a result of an adjustment made pursuant to Article III hereof, the Holder of this Warrant shall become entitled to receive any shares of capital stock of the
Company other than shares of Common Stock, thereafter the number of such other shares of capital stock so receivable upon exercise of this Warrant shall be subject to adjustment from time to time in a manner and on terms as nearly equivalent as
practicable to the provisions with respect to the Common Stock contained in Article III and the provisions contained elsewhere herein with respect to Common Stock shall apply on like terms to any such other shares. 
 SECTION 3.6 Notice of Adjustment. Whenever the number of shares of Common Stock and other property, if any, purchasable upon exercise of Warrants
is adjusted, as herein provided, the Company shall deliver to the Holder a certificate of the Chief Financial Officer of the Company setting forth, in reasonable detail, the event requiring the adjustment and the method by which such adjustment was
calculated, and specifying the number of shares of Common Stock or other securities or property purchasable upon exercise of Warrants after giving effect to such adjustment. 
 SECTION 3.7 Notice of Certain Transactions. In the event that the Company shall resolve or agree (i) to pay any dividend payable in
securities of any class to the holders of its Common Stock or to make any other distribution to the holders of its Common Stock, (ii) to offer the holders of its Common Stock rights to subscribe 

  

 5 

 
for or to purchase any securities convertible into shares of Common Stock or shares of Common Stock or shares of stock of any class or any other securities,
rights or options, (iii) to effect any reclassification of its Common Stock, capital reorganization, merger, consolidation or disposition of all or substantially all of its assets, or (iv) to take any other action requiring any adjustment
of the number of Warrant Shares subject to this Warrantor the Exercise Price, the Company shall within five (5) business days send to the Holder, a notice of such proposed action or offer, such notice to be mailed to the Holder, which shall
specify the record date for the purposes of such dividend, distribution or rights, or the date such issuance or event is to take place and the date of participation therein by the holders of Common Stock, if any such date is to be fixed, and shall
briefly indicate the effect of such action on the Common Stock and on the number and kind of any other shares of stock and on other property, if any, and the number of shares of Common Stock and other securities or property, if any, purchasable upon
exercise of each Warrant after giving effect to any adjustment which will be required as a result of such action. 
 SECTION 3.8 Issuance
of Additional Warrants. Prior to the declaration, issuance or consummation of any dividend, spin-off or other distribution or similar transaction by the Company of the capital stock of any of its Subsidiaries, the Company shall cause
(i) additional warrants of such Subsidiary with, subject to clause (iii) below, substantially similar terms as the Warrants to be issued to the Holder or one or more of its nominees so that after giving effect to such transaction the
Warrants and such warrants of such Subsidiary each represent the same percentage interest in the fully diluted number of common shares of such entity as the Warrants represented in the Company immediately prior to such transaction, (ii) any
such Subsidiary to enter into a shareholders agreement the Holder and/or its nominees, if appropriate, and (iii) the exercise price of the additional warrants of such Subsidiary to be fixed at $0.01 per share of such Subsidiary’s capital
stock. 
 ARTICLE IV 
 Transfer, Division and Combination 
 SECTION 4.1 Transfer. The Holder may sell, transfer, assign, pledge or
otherwise dispose of this Warrant, in whole or in part, as long as such sale or other disposition is made pursuant to an effective registration statement or an exemption from the registration requirements of the Securities Act. A transfer of this
Warrant and all rights hereunder, in whole or in part, shall be registered on the books of the Company to be maintained for such purpose, upon surrender of this Warrant at the principal office of the Company referred to in Section 2.2 or the
office or agency designated by the Company pursuant to Article VI, together with a written assignment of this Warrant substantially in the form of Exhibit B hereto duly executed by the Holder or its agent or attorney and, if required,
funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees and in
the denomination or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled. A Warrant may be
exercised by a new Holder for the purchase of shares of Common Stock without having a new Warrant issued. Notwithstanding the above, prior to a termination of the Merger Agreement, this Warrant may not be transferred by the Holder. 
 SECTION 4.2 Division and Combination. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office
or agency of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance with Section 4.1 as to any transfer
which may be involved in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice. 
 SECTION 4.3 Expenses. The Company shall prepare, issue and deliver at its own expense the new Warrant or Warrants under this Article IV.

  

 6 

 SECTION 4.4 Maintenance of Books. The Company agrees to maintain, at its aforesaid office or
agency, books for the registration or transfer of the Warrants. 
 SECTION 4.5 Legend. (a) Each Warrant shall be stamped or
otherwise imprinted with a legend in substantially the following form: 
 “NEITHER THIS WARRANT NOR THE SECURITIES
ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT OR LAWS, THE RULES AND REGULATIONS THEREUNDER OR THE PROVISIONS OF THIS
WARRANT.” 
 (b) Notwithstanding the provisions of Section 4.5(a), (i) the Company shall deliver Warrants without the legend
set forth in any such clause if the securities referred to in such clause shall have been registered under the Securities Act or if such legend is otherwise not required under the Securities Act, and if such legend has been set forth on
any previously delivered Warrants, such legend shall be removed from any Warrants at the request of the Holder if the securities referred to in such clause have been registered under the Securities Act, or if such legend is not otherwise required
under the Securities Act. 
 ARTICLE V 
 Loss or Mutilation 
 Upon receipt by the Company from any Holder of evidence reasonably
satisfactory to it of the ownership of and the loss, theft, destruction or mutilation of this Warrant and indemnity reasonably satisfactory to it (it being understood that the written agreement of the Holder shall be sufficient indemnity in the case
of the initial Holder of this Warrant) and in case of mutilation upon surrender and cancellation hereof, the Company will execute and deliver in lieu hereof a new Warrant of like tenor to such Holder (without expense to the Holder); provided, in the
case of mutilation, no indemnity shall be required if this Warrant in identifiable form is surrendered to the Company for cancellation. 
 ARTICLE VI 
 Office of the Company 
 As long as any of the Warrants remain outstanding, the Company shall maintain an office or agency (which may be the principal executive offices of the
Company) where the Warrants may be presented for exercise, registration of transfer, division or combination as provided in this Warrant. 
 ARTICLE VII 
 Limitation of Liability 
 No provision hereof, in the absence of affirmative action by the Holder hereof to purchase shares of Common Stock, and no enumeration herein of the
rights or privileges of the Holder hereof, shall give rise to any liability of such Holder for the Exercise Price or purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by
creditors of the Company. 
  

 7 

 ARTICLE VIII  
 Miscellaneous 
 SECTION 8.1 Nonwaiver and Expenses. No course of dealing or any delay
or failure to exercise any right hereunder on the part of the Holder hereof shall operate as a waiver of such right or otherwise prejudice such Holder’s rights, powers or remedies. If the Company fails to make, when due, any payments provided
for hereunder, or fails to comply with any other provision of this Warrant, the Company shall pay to the Holder hereof such amounts as shall be sufficient to cover any reasonable costs and expenses, including reasonable attorneys’ fees,
including those of appellate proceedings, incurred by such Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder. 
 SECTION 8.2 Financial Information. The Company will deliver to each Holder of a Warrant promptly upon their becoming available one copy of each
report, notice or proxy statement sent by the Company to its stockholders generally. 
 SECTION 8.3 Entire Agreement; No
Third-Party Beneficiaries. This Warrant and the agreements referred to herein constitute the entire agreement, and supersede all prior agreements and understandings, both written and oral, between the Holder and the Company with respect to the
subject matter of this Warrant. This Warrant is not intended to confer upon any Person other than the Holder and the Company any rights or remedies. 
 SECTION 8.4 Amendment. This Warrant and all other Warrants may be amended with the written consent of the Holder of the Company. 
 SECTION 8.5 Notices. All notices and other communications hereunder shall be in writing and shall be deemed given if delivered personally (notice deemed given upon receipt), telecopied or faxed (notice deemed
given upon confirmation of receipt) or sent by a nationally recognized overnight courier service, such as Federal Express or UPS (notice deemed given upon receipt of proof of delivery), to the parties at the following addresses (or at such other
address for a party as shall be specified by like notice): 
 if to the Holder, to: 
 BUCA Financing, LLC 
 c/o Planet Hollywood
International, Inc. 
 7598 West Sand Lake Road 
 Orlando, FL 32819 
 Fax: (407) 352 7310 
 Attention: Thomas Avallone 
 with a copy
(which shall not constitute notice) to: 
 Cadwalader Wickersham & Taft, LLP 
 One World Financial Center 
 New York, NY
10281 
 Fax: (212) 504 6666 
 Attention: L. Kevin O’Mara, Jr., Esq. 
 if to the Company, to: 
 BUCA, Inc. 
 1300 Nicollet Mall, Suite 5003

 Minneapolis, MN 55403 
 Phone:
(612) 225-3400 
 Fax: (612) 225-3302 
 Attention: John T. Bettin 
  

 8 

 with copies (which shall not constitute notice) to: 
 Faegre & Benson LLP 
 2200 Wells
Fargo Center 
 90 South Seventh Street 
 Minneapolis, MN 55402 
 Fax: (612) 766-1600 
 Attention: Douglas P. Long 
 SECTION 8.6 Remedies. The Company and the Holder hereof each stipulates
that the remedies at law of each party hereto in the event of any default or threatened default by the other party in the performance or compliance with any of the terms of this Warrant are not and will not be adequate and that, to the fullest
extent permitted by law, such terms may be specifically enforced by a decree for the specific performance of any agreement contained herein or by an injunction against a violation of any of the terms hereof or otherwise. 
 SECTION 8.7 Consent to Jurisdiction. The parties to this Agreement submit to the exclusive jurisdiction of the federal and state courts in
Minnesota for the purpose of any dispute arising hereunder. The parties waive any objections based on lack of jurisdiction over their person or property or based on forum non conveniens with respect to any application for such interim relief
in the federal and state courts in Minnesota. 
 SECTION 8.8 Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Minnesota without giving effect to the principles of conflicts of law thereof. 
 SECTION 8.9
Successors. Subject to Section 4.5 hereof, this Warrant and the rights evidenced hereby shall inure to the benefit of and be binding upon the successors and assigns of the Company and the Holder hereof, and shall be enforceable by any
such successors and assigns. 
 SECTION 8.10 Headings. The headings of the Articles and Sections of this Warrant have been inserted
for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 
 SECTION 8.11 Severability. The provisions of this Warrant are severable, and if any clause or provision shall be held invalid, illegal or unenforceable in whole or in part in any jurisdiction, then such
invalidity or unenforceability shall affect in that jurisdiction only such clause or provision, or part thereof, and shall not in any manner affect such clause or provision in any other jurisdiction or any other clause or provision of this
Warrant in any jurisdiction. 
  

 9 

 IN WITNESS WHEREOF, the Company has caused this
Warrant to be duly executed by its respective officers thereunto duly authorized as of this 5th day of August, 2008. 
  

			
	BUCA, INC.
		
		 	/s/    JOHN T. BETTIN        
	Name:	 	John T. Bettin
	Title:	 	Chief Executive Officer and President

  

			
	BUCA FINANCING, LLC
		
		 	/s/    THOMAS AVALLONE        
	Name:	 	Thomas Avallone
	Title:	 	Manager

 Signature Page—Warrant to Purchase Common Shares of BUCA, Inc. 

 EXHIBIT A 
 SUBSCRIPTION FORM 
 [To be executed only upon exercise of Warrant] 
 The undersigned registered owner of this Warrant irrevocably exercises this Warrant for the purchase of up to
             Common Shares of BUCA, Inc., and herewith makes payment therefor, all at the price and on the terms and conditions specified in this Warrant and requests that the Common Shares
hereby purchased (and any securities or other property issuable upon such exercise) be issued in the name of                      whose
             address              is
                     and, if such Common Shares shall not include all of the Common Shares issuable as provided in this Warrant, that a new Warrant
of like tenor and date for the balance of the Common Shares issuable hereunder be delivered to the undersigned. 
  

	
	
	  
	(Name of Registered Owner)

	
	
	  
	(Signature of Registered Owner)

	
	
	  
	(Street Address)

	
	
	  
	(City)                  (State)                  (Zip Code)

	NOTICE:	The signature on this subscription must correspond with the name as written upon the face of the within Warrant in every particular, without alteration or enlargement or any change
whatsoever. 

  

 A-1 

 EXHIBIT B 
 ASSIGNMENT FORM 
 FOR VALUE RECEIVED the undersigned registered owner of this Warrant hereby sells,
assigns and transfers unto the assignee named below all of the rights of the undersigned under this Warrant, with respect to the number of Common Shares set forth below: 
  

			
	 Name and Address of Assignee
	  	 No. of Common Shares

		  	
		  	
		  	

 and does hereby irrevocably constitute and appoint
                     attorney-in-fact to register such transfer on the books of BUCA, Inc. maintained for the purpose, with full power of
substitution in the premises. 
 Dated:        
                                         
    
 Name:        
                                         
   
 (Print) 
 Signature:  
                                         
   
 Witness:    
                                         
    
  

	NOTICE:	The signature on this subscription must correspond with the name as written upon the face of the within Warrant in every particular, without alteration or enlargement or any change
whatsoever. 

  

 B-1Amendment Number Fourteen to Credit Agreement and Waiver

 Exhibit 10.3

 
 AMENDMENT NUMBER FOURTEEN TO CREDIT AGREEMENT AND WAIVER 
 This AMENDMENT NUMBER FOURTEEN TO
CREDIT AGREEMENT AND WAIVER (this “Amendment”) is entered into as of August 5, 2008, by the lenders identified on the signature pages hereof (the “Lenders”), WELLS FARGO FOOTHILL, INC., a California
corporation, as the arranger and administrative agent for the Lenders (in such capacity, together with its successors and assigns, if any, in such capacity, “Agent”; and together with the Lenders, the “Lender
Group”), BUCA, INC., a Minnesota corporation (“Parent”), and each of Parent’s Subsidiaries identified on the signature pages hereof (such Subsidiaries, together with Parent, are referred to hereinafter each
individually as a “Borrower”, and individually and collectively, jointly and severally, as the “Borrowers”), with reference to the following: 
 WHEREAS, Borrowers and the Lender Group are parties to that certain Credit Agreement, dated as of November 15, 2004, as amended by that
certain Amendment Number One to Credit Agreement and Waiver dated as of April 15, 2005, as further amended by that certain Amendment Number Two to Credit Agreement and Consent dated as of September 9, 2005, as further amended by that
certain Amendment Number Three to Credit Agreement dated as of November 4, 2005, as further amended by that certain Amendment Number Four to Credit Agreement dated as of November 30, 2005, as further amended by that certain Amendment
Number Five to Credit Agreement dated as of March 22, 2006, as further amended by that certain Amendment Number Six to Credit Agreement dated as of August 11, 2006, as further amended by that certain Amendment Number Seven to Credit
Agreement dated as of October 1, 2006, as further amended by that certain Amendment Number Eight to Credit Agreement dated as of March 8, 2007, as further amended by that certain Amendment Number 9 dated March 22, 2007, as further
amended by that certain Amendment Number Ten to Credit Agreement and Waiver dated as of August 6, 2007, as further amended by that certain Amendment Number Eleven to Credit Agreement and Waiver dated as of November 2, 2007, as further
amended by that certain Amendment Number Twelve to Credit Agreement and Waiver dated as of March 10, 2008, and as further amended by that certain Amendment Number Thirteen to Credit Agreement and Waiver dated as of May 13, 2008 (as may be
further amended, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”); 
 WHEREAS, Events of Default have occurred and are continuing under the Credit Agreement due to the failure of the Borrowers to achieve (i) EBITDA of at least $5,610,000 for the twelve month period ending June 29, 2008 as
required by Section 6.16(a)(i) of the Credit Agreement, and (ii) a Fixed Charge Coverage Ratio of at least 0.58 to 1.00 for the twelve month period ending June 29, 2008 as required by Section 6.16(a)(ii) of the Credit Agreement
(collectively, the “Specified Events of Default”); 
 WHEREAS Borrowers have requested that the Lender Group waive
the Specified Events of Default and agree to certain amendments to the Credit Agreement, as set forth herein; and 
 WHEREAS, upon the
terms and conditions set forth herein, the Lender Group is willing to waive the Specified Events of Default and amend 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. Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed to them
in the Credit Agreement, as amended hereby. 
 2. Amendments to Credit Agreement. 
 (a) Amendment to Section 2.1 of the Credit Agreement. Section 2.1 of the Credit Agreement, Revolver Advances, is
hereby modified and amended by amending and restating such section in its entirety as follows: 
  

 1 

 “2.1 Revolver Advances. 
 (a) Subject to the terms and conditions of this Agreement, from the Closing Date until the Fourteenth Amendment Effective Date, each
Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make advances (“Advances”) to Borrowers in an amount at any one time outstanding not to exceed such Lender’s Pro Rata Share of an
amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit Usage, or (ii) the Borrowing Base less the Letter of Credit Usage. On and after the Fourteenth Amendment Effective Date, except
for funding its Pro Rata Share of any Advance deemed made pursuant to Sections 2.3(d) or 2.12(a), no Lender shall have any obligation to make any Advances. 
 (b) Each Borrower hereby acknowledges, confirms and agrees that as of the Fourteenth Amendment Effective Date, (i) each Borrower is
jointly and severally indebted to the Lender Group for Advances in the principal amount of $3,850,455, (ii) the Letter of Credit Usage is $5,205,000 and (iii) the Revolver Usage is $9,055,455. Subject to Sections 2.4(d) and
2.12(g) hereof, the Borrowers shall repay the Revolver Usage in the following amounts on the following dates: 
  

				
	 Date
	  	Installment
Amount
	 November 1, 2008
	  	$	647,000
	 December 1, 2008
	  	$	647,000
	 January 1, 2009
	  	$	647,000
	 February 1, 2009
	  	$	647,000
	 March 1, 2009
	  	$	647,000
	 April 1, 2009
	  	$	647,000
	 May 1, 2009
	  	$	647,000
	 June 1, 2009
	  	$	647,000
	 July 1, 2009
	  	$	647,000
	 August 1, 2009
	  	$	647,000
	 September 1, 2009
	  	$	647,000
	 October 1, 2009
	  	$	647,000
	 November 1, 2009
	  	$	647,000
	 November 15, 2009
	  	$	644,455

 The outstanding principal amount of the Advances, together with interest accrued thereon, shall be
due and payable on the Maturity Date or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement. 
 (c) Amounts repaid may not be reborrowed. 
 (d) Each payment (or cash collateralization)
pursuant to Section 2.1(b) shall permanently reduce the Maximum Revolver Amount by a corresponding amount.” 
 (b) Amendment to Section 2.4(c)(i) of the Credit Agreement. Section 2.4(c)(i) of the Credit Agreement is hereby modified and amended by deleting such Section in its entirety and by substituting the following in lieu
thereof: 
 “(i) Optional. Borrower may prepay the principal of any Advance at any time in whole or in part.” 
 (c) Amendment to Section 2.4(d) of the Credit Agreement. Section 2.4(d) of the Credit Agreement, Application of
Mandatory Prepayments, is hereby modified and amended by amending and restating such Section as follows: 
 “(d)
Application of Prepayments. Each prepayment pursuant to Section 2.4(c) above shall be applied, first, to the outstanding principal amount of the Advances (with a corresponding permanent reduction in the Maximum Revolver
Amount), until paid in full, and second, to cash collateralize the 

  

 2 

 
Letters of Credit in an amount equal to 105% of the then extant Letter of Credit Usage (with a corresponding permanent reduction in the Maximum Revolver
Amount). Each such prepayment of the Advances or cash collateralization of the Letters of Credit shall be applied against the remaining installments due pursuant to Section 2.1(b) in the order of maturity (for the avoidance of doubt,
any amount that is due and payable on the Maturity Date shall constitute an installment).” 
 (d) Amendment to
Section 2.6(d) of the Credit Agreement. Section 2.6(d) of the Credit Agreement, Payment, is hereby modified and amended by amending and restating such Section as follows: 
 “(d) Payment. Except as provided to the contrary in the Fee Letter, interest, Letter of Credit Fees, and all other fees
payable hereunder shall be due and payable in cash, in arrears, on the first day of each month at any time that Obligations or Commitments are outstanding. Borrowers hereby authorize Agent, from time to time, without prior notice to Borrowers, to
charge all interest and fees (when due and payable), all Lender Group Expenses (as and when incurred), all charges, commissions, fees, and costs provided for in Section 2.12(e) (as and when accrued or incurred), all fees and costs
provided for in the Fee Letter (when due and payable or as and when incurred, as the case may be), and all other payments as and when due and payable under any Loan Document (including any amounts due and payable to the Bank Product Providers in
respect of Bank Products up to the amount of the Bank Product Reserve) to Borrowers’ Loan Account, which amounts thereafter shall constitute Advances hereunder and shall accrue interest at the rate then applicable to Advances hereunder that are
Base Rate Loans. Any interest not paid when due shall be compounded by being charged to Borrowers’ Loan Account and shall thereafter constitute Advances hereunder and shall accrue interest at the rate then applicable to Advances that are Base
Rate Loans. To the extent an Overadvance results from charging any such items to the Borrowers’ Loan Account, Section 2.3(d)(iii) shall govern the repayment of such Overadvance.” 
 (e) Amendment to Section 2.7(d). Section 2.7(d) of the Credit Agreement is hereby modified and amended by amending and
restating such Section in its entirety as follows: 
 “(d) The Concentration Account Bank and each Cash Management Bank
shall establish and maintain Cash Management Agreements or Control Agreements with Agent, in form and substance reasonably acceptable to Agent. Each such Cash Management Agreement and Control Agreement shall provide, among other things, that
(i) the applicable Cash Management Bank will comply with any instructions originated by Agent directing the disposition of the funds in such Cash Management Accounts maintained by it without further consent by any Borrower or its Subsidiaries,
as applicable, (ii) the Cash Management Bank has no rights of setoff or recoupment or any other claim against such Cash Management Accounts other than for payment of its service fees and other charges directly related to the administration of
any such Cash Management Account and for returned checks or other items of payment, and (iii) upon the instruction of the Agent (an “Activation Instruction”), such Cash Management Bank will forward by daily sweep all amounts in
the applicable Cash Management Account to the Agent’s Account. Agent agrees not to issue an Activation Instruction with respect to the Cash Management Accounts unless an Event of Default has occurred and is continuing at the time such
Activation Instruction is issued. Agent agrees to use commercially reasonable efforts to rescind an Activation Instruction (the “Rescission”) if: (x) the Event of Default upon which such Activation Instruction was issued has
been waived in writing in accordance with the terms of this Agreement, and (y) no additional Event of Default has occurred and is continuing prior to the date of the Rescission or is reasonably expected to occur on or immediately after the date
of the Rescission.” 
 (f) Amendment to Section 2.12(a) of the Credit Agreement. Section 2.12(a) of the
Credit Agreement is hereby modified and amended by inserting the following at the end thereof: 
 “Notwithstanding the foregoing, the
Issuing Lender shall have no obligation to issue any Letters of Credit on or after the Fourteenth Amendment Effective Date other than to replace or renew Letters of 
 Credit existing on the Fourteenth Amendment Effective Date so long as such replacement or renewal 

  

 3 

 
Letter of Credit (A) has an expiration date not later than the earlier of (x) one year after the date of issuance or (y) five
(5) Business Days prior to the Maturity Date and (B) is for an amount less than or equal to the Letter of Credit it is replacing or renewing.” 
 (g) Amendment to Section 2.12 of the Credit Agreement. Section 2.12 of the Credit Agreement, Letters of Credit, is
hereby modified and amended by inserting the following as a new clause (g) thereof: 
 “(g) On and after the
Fourteenth Amendment Effective Date, in the event a Letter of Credit expires (and is not renewed) or the Borrowers, with the consent of the applicable beneficiary, retire or reduce the amount of any Letter of Credit, the remaining installments due
pursuant to Section 2.1(b) shall be reduced by a corresponding amount (with a corresponding permanent reduction in the Maximum Revolver Amount) in the order of maturity (for the avoidance of doubt, any amount that is due and payable on
the Maturity Date shall constitute an installment).” 
 (h) Amendment to Section 6.1 of the Credit Agreement.
Section 6.1 of the Credit Agreement, Indebtedness, is hereby modified and amended by inserting the following as a new clause (i) thereof: 
 “(i) Indebtedness incurred pursuant to the PH Debt Documents in an aggregate principal amount not to exceed $3,500,000 (plus capitalized interest thereon) to the extent such Indebtedness is subject to the PH
Intercreditor Agreement.” 
 (i) Amendment to Section 6.7(c) of the Credit Agreement. Section 6.7(c) of
the Credit Agreement is hereby modified and amended by amending and restating such Section in its entirety as follows: 
 “(c) directly
or indirectly, amend, modify, alter, increase, or change any of the terms or conditions of (i) any agreement, instrument, document, indenture, or other writing evidencing or concerning Indebtedness permitted under Sections 6.1(b),
(c), (d), (g), or (h), or (ii) the PH Debt Documents in a manner prohibited by Section 18 of the PH Intercreditor Agreement.” 
  

 4 

 (j) Amendment to Section 6.16 of the Credit Agreement. Section 6.16 of
the Credit Agreement, Financial Covenants, is hereby modified and amended by amending and restating such Section in its entirety as follows: 
 “6.16 Financial Covenants. 
 (a) Fail to maintain or achieve: 
 (i) Minimum EBITDA. EBITDA, measured on a month-end basis, of at least the required amount set forth in the following table for
the applicable period set forth opposite thereto: 
  

			
	 Applicable
Amount
	  	 Applicable Period

		
	 $4,170,000
	  	the 12 month period ending July 27, 2008
		
	 $3,800,000
	  	the 12 month period ending August 24, 2008
		
	 $3,430,000
	  	the 12 month period ending September 28, 2008
		
	 $3,400,000
	  	the 12 month period ending October 26, 2008
		
	 $3,760,000
	  	the 12 month period ending November 23, 2008
		
	 $3,360,000
	  	the 12 month period ending December 28, 2008
		
	 $3,630,000
	  	the 12 month period ending January 25, 2009
		
	 $4,080,000
	  	the 12 month period ending February 22, 2009
		
	 $3,840,000
	  	the 12 month period ending March 29, 2009
		
	 $4,150,000
	  	the 12 month period ending April 26, 2009
		
	 $4,080,000
	  	the 12 month period ending May 24, 2009
		
	 $4,050,000
	  	the 12 month period ending June 28, 2009
		
	 $5,220,000
	  	the 12 month period ending July 26, 2009
		
	 $5,500,000
	  	the 12 month period ending August 23, 2009
		
	 $5,870,000
	  	the 12 month period ending September 27, 2009
		
	 $5,890,000
	  	the 12 month period ending October 25, 2009

 (ii) [Intentionally Omitted]. 
 (b) Make: 
 (i) Maintenance Capital Expenditures. Maintenance Capital Expenditures in any fiscal year (or portion thereof, if applicable) in excess of the amount set forth in the following table for the applicable period: 
  

			
	 Fiscal Year 2008
	 	 Fiscal Year 2009

	$5,000,000	 	$2,700,000

 (ii) Growth Capital Expenditures. Any Growth Capital Expenditures.”

 (k) Amendment to Article 6 of the Credit Agreement. Article 6 of the Credit Agreement, Negative Covenants, is
hereby modified and amended by inserting the following as new Sections 6.18 and 6.19: 
 “6.18 Use of Proceeds. Use the
proceeds of the Indebtedness incurred pursuant to the PH Debt Documents for any purpose other than for its general corporate purposes. 
 6.19
Merger Documents. Directly or indirectly, terminate, amend, modify, alter, or change any of the terms or conditions of or waive any of its rights under any of the Merger Documents in any manner materially adverse to any Borrower or the
Lender Group.” 
  

 5 

 (l) Amendment to Section 7.2(a) of the Credit Agreement. Section 7.2(a)
of the Credit Agreement is hereby modified and amended by amending and restating such Section in its entirety as follows: 
 “(a) fail to perform or observe any covenant or other agreement contained in any of Sections 2.7, 5.2, 5.3, 5.4, 5.5, 5.8, 5.12, 5.14, 5.16, and 6.1 through
6.19 of this Agreement;” 
 (m) Amendment to Section 7.8 of the Credit Agreement. Section 7.8 of
the Credit Agreement is hereby modified and amended by amending and restating such Section in its entirety as follows: 
 “7.8 If there
is a default in (i) the PH Debt Documents, or (ii) one or more agreements to which any Borrower or any Subsidiary of a Borrower is a party with one or more third Persons relative to Indebtedness of any Borrower or any Subsidiary of a
Borrower involving an aggregate amount of $500,000 or more, and such default (x) occurs at the final maturity of the obligations thereunder, or (y) results in a right by any holder of such Indebtedness, irrespective of whether exercised,
to accelerate the maturity of the applicable Borrower’s or the applicable Subsidiary’s obligations thereunder;” 
 (n) Amendment to Schedule 1.1 of the Credit Agreement. Schedule 1.1 of the Credit Agreement, Definitions, is hereby modified and amended by adding the following defined terms in the proper alphabetical order: 
 ““Activation Instruction” has the meaning ascribed thereto in Section 2.7(d). 
 “Fourteenth Amendment Effective Date” means August 5, 2008. 
 “Merger Agreement” means that certain Agreement and Plan of Merger by and among Planet Hollywood International, Inc., PH
Agent and the Parent dated as of the Fourteenth Amendment Effective Date. 
 “Merger Documents” means the
Merger Agreement and each document, agreement, instrument or certificate executed or delivered in connection therewith. 
 “PH Agent” means BUCA Financing, LLC, as agent for the lenders party to the PH Credit Agreement. 
 “PH Credit Agreement” means that certain Credit Agreement dated as of the Fourteenth Amendment Effective Date by and among the Borrowers, the lenders party thereto from time to time and PH Agent. 
 “PH Debt Documents” means the PH Credit Agreement and the documents, agreements, instruments and certificates executed or
delivered in connection therewith. 
 “PH Intercreditor Agreement” means that certain Intercreditor and
Subordination Agreement dated as of the Fourteenth Amendment Effective Date by and among Agent and PH Agent.” 
 “Planet Hollywood” means Planet Hollywood International, Inc. or any one or more of its Subsidiaries or Affiliates. 
 “Rescission” has the meaning ascribed thereto in Section 2.7(d).” 
 (o) Amendment to Schedule 1.1 to the Credit Agreement. Schedule 1.1 to the Credit Agreement, Definitions, is hereby further modified and amended by inserting the following as a new clause (n) to the definition of
Permitted Liens: 
 “and (n) Liens securing the Indebtedness or other obligations incurred pursuant to the PH Debt
Documents to the extent such Liens are subject to the PH Intercreditor Agreement.” 
 (p) Amendment to Schedule 1.1 to
the Credit Agreement. Schedule 1.1 to the Credit Agreement, Definitions, is hereby further modified and amended by amending and restating the following defined terms as follows: 
 ““Change of Control” means that (a) (i) prior to the consummation of the “Merger” (as defined in
the Merger Agreement), any “person” or “group” (within the meaning of Sections 13(d) and 14(d) of the Exchange Act), other than Permitted Holders, becomes the beneficial owner (as defined in Rule 

  

 6 

 
13d-3 under the Exchange Act), directly or indirectly, of 25%, or more, of the Stock of Parent having the right to vote for the election of members of the
Board of Directors, (ii) at all times thereafter, (x) Planet Hollywood fails to own and control, directly or indirectly, 75%, or more, of the Stock of Parent having the right to vote for the election of members of the Board of Directors or
(y) Bay Harbour LLC, Robert Earl and Robert Earl’s intestates and heirs fail to own and control, directly or indirectly, 51%, or more, of the Stock of Planet Hollywood International, Inc., (b) a majority of the members of the Board of
Directors do not constitute Continuing Directors or (c) Parent fails to own and control, directly or indirectly, 100% of the Stock of each of its Subsidiaries (other than as a result of the issuance of directors’ qualifying shares or a
transaction permitted by this Agreement). 
 “EBITDA” means, with respect to any fiscal period, Parent’s
and its Subsidiaries’ consolidated net earnings (or loss) for such period, 
 minus, to the extent included in
such net earnings, the sum, for such period, of: 
 (a) non-cash gains taken in accordance with GAAP (excluding any non-cash
gain to the extent that it represents an accrual or reserve for potential cash items in any future period), 
 (b)
extraordinary gains, 
 (c) interest income, 
 (d) the amount of cash rental expense actually paid (excluding prepaid rent) in excess of the GAAP accrued rental expense, and

 (e) other non-recurring gains or income as determined by Agent, 
 plus, to the extent included in such net earnings, the sum, for such period, of: 
 (a) interest expense, 
 (b) income taxes, 
 (c) depreciation, 
 (d) amortization, 
 (e) Restaurant Pre-Opening Costs, 
 (f) non-cash charges relating to grants of Stock, Stock options or other
equity-based compensation, write-offs of deferred financing costs and impairment charges relating to goodwill, intangibles and other long-lived assets (including asset impairment charges for fixed asset additions for restaurant properties that have
previously been impaired) in accordance with Statement of Financial Accounting Standards No. 142 and 144, 
 (g) other
non-cash charges taken in accordance with GAAP, including any write-off or adjustments of tangible or intangible assets or liabilities relating to merger accounting (excluding any non-cash charge to the extent that it represents an accrual or
reserve for potential cash items in any future period), 
 (h) charges related to FIN 47 in amount not to exceed $210,000 for
each fiscal year, 
 (i) asset write-off and renovation expenses related to the store located at 855 Howard Street, San
Francisco, CA 94103 in an aggregate amount not to exceed $1,000,000, 
 (j) severance costs in the fourth quarter of fiscal
year 2008 and in the fiscal year 2009 not to exceed $1,250,000, 
 (k) consulting expenses related to the engagement of CRG
Partners in the first quarter of fiscal year 2008 not to exceed $130,000, 
  

 7 

 (l) GAAP accrued rental expense (excluding prepaid rent) which is in excess of the
amount of cash rental expense actually paid, 
 (m) legal and other transaction expenses (including fees paid to Piper
Jaffrey) associated with the acquisition by PH Agent or one or more of its Affiliates of the Equity Interests of Parent in an aggregate amount not to exceed $2,000,000, 
 (n) public company expenses (including, but not limited to, board of director fees and public accounting fees) incurred in the third
quarter of fiscal year 2008 in an aggregate amount not to exceed $550,000, 
 (o) directors’ and officers’ runoff
insurance payments in fiscal 2008 in an aggregate amount not to exceed $800,000, 
 (p) lease termination charges, including
broker and store closure expenses, for the stores located in Denver, CO, and Philadelphia City Center, PA in an aggregate amount not to exceed $500,000, 
 (q) other non-recurring losses or expenses as determined by Agent, 
 (r) extraordinary loss
as determined in accordance with GAAP, 
 plus or minus (i) with respect to any Restaurant which was the subject
of any disposition during such period of determination, EBITDA attributable to such Restaurant during such period, and (ii) such adjustments as may be reasonably recommended by a third party auditor selected by or otherwise acceptable to Agent
for the purposes of normalizing EBITDA, in each case, determined on a consolidated basis in accordance with GAAP; provided, however, that EBITDA for the months ending from and including July 29, 2007 through and including
June 29, 2008 shall be deemed to be the amounts set forth below: 
  

					
	 Applicable Month
	  	EBITDA	 
	 July 29, 2007
	  	$	(121,268	)
	 August 26, 2007
	  	$	355,574	 
	 September 30, 2007
	  	$	(93,262	)
	 October 28, 2007
	  	$	(415,307	)
	 November 25, 2007
	  	$	(645,861	)
	 December 30, 2007
	  	$	4,962,243	 
	 January 27, 2008
	  	$	210,734	 
	 February 24, 2008
	  	$	(117,406	)
	 March 30, 2008
	  	$	1,473,926	 
	 April 27, 2008
	  	$	(145,028	)
	 May 25, 2008
	  	$	920,558	 
	 June 29, 2008
	  	$	558,033	 

 “Excluded Issuances” means (a) any issuance of common stock
of Parent to any employees, officers, directors or consultants of Parent or any of its Subsidiaries under, or upon the exercise of options granted under, any stock-based incentive plan of Parent, (b) any issuance of common stock of Parent upon
the exercise of any options granted prior to the Closing Date to any landlord of Parent or any of its Subsidiaries, (c) any issuance of Stock of any Subsidiary of Parent to Parent or another Subsidiary of Parent, (d) any issuance of common
stock of Parent under any employee stock purchase plan of Parent, and (e) the issuance of the Warrant (as defined in the PH Credit Agreement as in effect on the Fourteenth Amendment Effective Date) or any issuance of common stock of Parent upon
exercise thereof. 
 “Loan Documents” means the Agreement, the Bank Product Agreements, the Cash Management
Agreements, the Control Agreements, the Fee Letter, the Guaranty, the 

  

 8 

 
Intercompany Subordination Agreement, the Letters of Credit, the Mortgages, the Security Agreement, the Trademark Security Agreement, the PH Intercreditor
Agreement, any note or notes executed by a Borrower in connection with the Agreement and payable to a member of the Lender Group, and any other agreement entered into, now or in the future, by any Borrower and the Lender Group in connection with the
Agreement. 
 “Maximum Revolver Amount” means $9,055,455, as such amount may be reduced from time to time in
accordance with Sections 2.1(d), 2.4(d) or 2.12(g). 
 “Permitted Holder” means the
Persons identified on Schedule P-2. 
 (q) Amendment to Schedule P-2. Schedule P-2 to the Credit Agreement,
Permitted Holders, is hereby modified and amended by deleting such Schedule in its entirety and by inserting Schedule P-2 attached hereto in lieu thereof. 
 (r) Amendment to Exhibit C-1. Exhibit C-1 to the Credit Agreement, Compliance Certificate, is hereby modified and amended by
deleting such Exhibit in its entirety and by inserting Schedule C-1 attached hereto in lieu thereof. 
 3. Consent. Notwithstanding
anything to the contrary contained in the Credit Agreement or any other Loan Document, Agent and each Lender hereby (a) consent to the Transactions (as defined in the Merger Agreement as in effect on the date hereof), and all events and
conditions in connection therewith (the “Merger Transactions”) and (b) agree to waive any and all Defaults or Events of Default (including, without limitation, any Event of Default resulting from a Change of Control) that may
result from the Merger Transactions; provided, that (i) Agent has received true, correct and complete copies of each of the Merger Agreement and each other material Merger Documents as of the Fourteenth Amendment Effective Date, such documents
being attached hereto as Annex 1, and (ii) Agent has been provided true, correct and complete copies of each of Merger Agreement and each other material Merger Document in final, executed form together with a schedule of the
capitalization of the Parent reflecting the consummation of the Merger Transactions prior to Effective Time (as defined in the Merger Agreement as in effect on the date hereof), which such Merger Documents shall be in substantially similar form to
the Merger Documents attached hereto as Annex 1. 
 4. Waiver. Upon satisfaction of the conditions precedent to this Amendment
set forth in Section 6 hereof, Agent and the Lenders hereby waive the Specified Events of Default and their rights and remedies under the Credit Agreement and the other Loan Documents arising as a result of the Specified Events of Default;
provided, however, that such waiver shall not waive any other requirement or hinder, restrict or otherwise modify the rights and remedies of Agent or the Lenders following the occurrence of any other failure to comply with
Section 6.16(a)(i) or 6.16(a)(ii) of the Credit Agreement, or the occurrence of any other Event of Default under the Credit Agreement or any other Loan Document. 
 5. Rescission. On the Fourteenth Amendment Effective Date, so long as no Default or Event of Default has occurred and is continuing, Agent shall rescind any Activation Instructions it has issued. So long as no
Default or Event of Default has occurred and is continuing, after the Fourteenth Amendment Effective Date until the Cash Management Banks have implemented the Rescission referred to above, the Agent shall promptly, and in any event within two
(2) Business Days, wire to the Designated Account any funds received by the Agent from the Cash Management Banks. 
 6. Conditions
Precedent to Amendment. The satisfaction of each of the following shall constitute conditions precedent to the effectiveness of this Amendment and each and every provision hereof: 
 (a) Agent shall have received this Amendment, duly executed by Borrowers, the Guarantors and the Lenders, and the same shall be in full
force and effect; 
 (b) Agent shall have received the PH Intercreditor Agreement, duly executed by PH Agent and acknowledged
by the Borrowers and the Guarantors, and the same shall be in full force and affect; 
  

 9 

 (c) Agent shall have received copies of each of the PH Credit Agreement and the other
material PH Debt Documents, together with a certificate of the Secretary of the Administrative Borrower certifying each such document as being a true, correct, and complete copy thereof; 
 (d) the Borrowers shall have received Net Cash Proceeds of at least $3,280,000 from the incurrence of Indebtedness pursuant to the PH Debt
Documents; 
 (e) the Borrowers shall have paid, in cash, to Agent, for WFF’s sole and separate account, an amendment fee
of $50,000 (the “Fourteenth Amendment Fee”), which Fourteenth Amendment Fee shall be fully earned (and non-refundable) and paid in full on the date hereof; 
 (f) the representations and warranties herein and in the Credit Agreement, as amended hereby, and the other Loan Documents shall be true
and correct in all material respects 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); 
 (g) after giving effect to this Amendment (including the waivers contained herein) no Default or Event of Default shall have occurred and
be continuing on the date hereof, nor shall result from the consummation of the transactions contemplated herein; 
 (h) 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 as of the date hereof by any Governmental
Authority against any Borrower, any Guarantor, Agent, or any Lender; 
 (i) Borrowers shall have paid all of the Lender Group
Expenses incurred by Agent in connection with this Amendment and the other transactions referred to herein; and 
 (j) Agent
shall have received such other documents, instruments and information executed and/or delivered by Borrowers as Agent or Agent’s counsel may require. 
 7. Release. 
 (a) Effective on the date hereof, each Borrower and each Guarantor, for
itself and on behalf of its successors, assigns, and officers, directors, employees, agents and attorneys, and any Person acting for or on behalf of, or claiming through, it, hereby waives, releases, remises and forever discharges Agent and each
Lender, each of their respective Affiliates, and each of the officers, directors, employees, and agents of Agent, each Lender and their respective Affiliates (collectively, the “Releasees”), from any and all claims, suits,
investigations, proceedings, demands, obligations, liabilities, causes of action, damages, losses, costs and expenses, whether based in contract, tort, implied or express warranty, strict liability, criminal or civil statute or common law of any
kind or character, known or unknown, past or present, liquidated or unliquidated, suspected or unsuspected, which such Borrower or such Guarantor ever had from the beginning of the world, or now has against any such Releasee which relates, directly
or indirectly to the Credit Agreement, any other Loan Document, or to any acts or omissions of any such Releasee in connection with the Credit Agreement or any other Loan Document or the transactions contemplated thereby or related thereto, except
for the duties and obligations set forth in the Credit Agreement as modified hereby and the other Loan Documents. As to each and every claim released hereunder, each Borrower and each Guarantor hereby represents that it has received the advice of
legal counsel with regard to the releases contained herein, and having been so advised, specifically waives the benefit of the provisions of Section 1542 of the Civil Code of California which provides as follows: 
 “A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH A CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE,
WHICH IF KNOWN BY HIM, MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.” 
 As to each and every claim released hereunder, each Borrower and
each Guarantor also waives the benefit of each other similar provision of applicable federal or state law (including without limitation the laws of the State 

  

 10 

 
of New York), if any, pertaining to general releases after having been advised by its legal counsel with respect thereto. 
 (b) Each Borrower and each Guarantor, for itself and on behalf of its successors, assigns, and officers, directors, employees, agents and
attorneys, and any Person acting for or on behalf of, or claiming through, it, hereby absolutely, unconditionally and irrevocably, covenants and agrees with and in favor of each Releasee above that it will not sue (at law, in equity, in any
regulatory proceeding or otherwise) any Releasee on the basis of any claim released, remised and discharged by such Borrower or such Guarantor pursuant to the above release. Each Borrower and each Guarantor further agrees that it shall not dispute
the validity or enforceability of the Credit Agreement or any of the other Loan Documents or any of its obligations thereunder, or the validity, priority, enforceability or the extent of Agent’s Lien on any item of Collateral under the Credit
Agreement or the other Loan Documents. If any Borrower or any Guarantor, or any of its successors, assigns or other legal representatives violates the foregoing covenant, such Borrower or such Guarantor, for itself and its successors, assigns and
legal representatives, agrees to pay, in addition to such other damages as any Releasee may sustain as a result of such violation, all attorneys fees and costs incurred by such Releasee as a result of such violation. 
 8. Costs and Expenses. Borrowers agree, jointly and severally, to pay all reasonable out-of-pocket costs and expenses of each member of the Lender
Group (including, without limitation, the reasonable fees and disbursements of outside counsel to each member of the Lender Group) in connection with the preparation, execution and delivery of this Amendment and all agreements and documents executed
in connection herewith and the review of all documents incidental thereto. 
 9. Representations and Warranties; Reaffirmations.

 (a) Each Borrower and each Guarantor represents and warrants to the Lender Group that (i) the execution, delivery, and
performance of this Amendment (A) are within its corporate or limited partnership powers, (B) have been duly authorized by all necessary corporate or limited partnership action on its part, and (C) are not in contravention of any law,
rule, or regulation applicable to it, or any order, judgment, decree, writ, injunction, or award of any arbitrator, court, or Governmental Authority binding on it, or of the terms of its Governing Documents, or of any material contract or
undertaking to which it is a party or by which any of its properties may be bound or affected; (ii) this Amendment is the legal, valid and binding obligations of such Borrower or such Guarantor, as applicable, enforceable against such Borrower
or such Guarantor, as applicable, in accordance with its terms (except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors rights
generally); (iii) after giving effect to this Amendment (including the waivers contained herein), no Default or Event of Default has occurred and is continuing on the date hereof; and (iv) the representations and warranties herein and in
the Credit Agreement, as amended hereby, and the other Loan Documents are true and correct in all material respects 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). 
 (b) Each Borrower hereby restates, ratifies and reaffirms each and every term and condition set
forth in the Credit Agreement, as amended hereby, and the other Loan Documents to which it is a party effective as of the date hereof. Each Borrower hereby acknowledges, confirms and agrees that Agent has and shall continue to have valid,
enforceable and perfected first-priority liens upon and security interests in the Collateral (subject only to Permitted Liens) granted to Agent pursuant to the Loan Documents or otherwise held by Agent. 
 (c) By executing this Amendment, each Guarantor hereby (i) acknowledges, consents and agrees that all of its obligations and
liabilities under the provisions of the Guaranty, remain in full force and effect, and that the execution and delivery of this Amendment and any and all documents executed in connection therewith shall not alter, amend, reduce or modify its
obligations and liability under the Guaranty or any of the other Loan Documents to which it is a party, and (ii) confirms and agrees that to the extent that any Loan Document purports to assign or pledge to Agent, or to grant to Agent a
security interest in or lien on, any Collateral as security for the Obligations of any Borrower from time to time existing in respect of the Loan 

  

 11 

 
Documents, such pledge, assignment and/or grant of a security interest or lien is hereby ratified and confirmed in all respects as security for all
Obligations of such Borrower, whether now existing or hereafter arising. 
 10. Compromise Negotiations. Other than the provisions of
this Amendment explicitly set forth herein, any discussions between the parties hereto in reference to the drafting hereof (the “Negotiations”) shall not be utilized or admissible in any subsequent litigation between the parties
hereto. All such Negotiations shall be considered “compromise negotiations” pursuant to N.Y. C.P.L.R. 4547, Fed. R. Evid. 408 and any comparable provision of any other state or federal law which may now or in the future be deemed
applicable to the Negotiations, and none of such Negotiations shall be considered “otherwise discoverable” or be permitted to be discoverable or admissible for any other purpose or to prove “bias, prejudice, interest of a witness or a
party, negativing a contention of undue delay, or an effort to obstruct a criminal investigation or prosecution” as provided by N.Y. C.P.L.R. 4547, Fed. R. Evid. 408 and any comparable provision of any other state or federal law which may now
or in the future be deemed applicable to the Negotiations. 
 11. Choice of Law. The validity of this Amendment, 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. 
 12. Counterpart Execution. This Amendment may be executed in any number of counterparts, all of which when taken together shall constitute one and
the same instrument, and any of the parties hereto may execute this Amendment by signing any such counterpart. Delivery of an executed counterpart of this Amendment by telefacsimile or electronic mail shall be equally as effective as delivery of an
original executed counterpart of this Amendment. Any party delivering an executed counterpart of Amendment by telefacsimile or electronic mail also shall deliver an original executed counterpart of this Amendment, but the failure to deliver an
original executed counterpart shall not affect the validity, enforceability, and binding effect of this Amendment. 
 13. Effect on Loan
Documents. 
 (a) The Credit Agreement and each of the other Loan Documents, as amended, modified or waived hereby, shall
be and remain in full force and effect in accordance with their respective terms and hereby are ratified and confirmed in all respects. The execution, delivery, and performance of this Amendment shall not operate, except as expressly set forth
herein, as a modification or waiver of any right, power, or remedy of Agent or any Lender under the Credit Agreement or any other Loan Document. The waivers, consents, and 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 Loan Documents, and shall not operate as a consent to any further or other matter under the Loan Documents.

 (b) Upon and after the effectiveness of this Amendment, 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 Credit 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 Amendment, 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. 
 14. Entire Agreement. This Amendment embodies the entire understanding and agreement between the parties hereto with respect to the subject matter hereof and supersedes any and all prior or contemporaneous
agreements or understandings with respect to the subject matter hereof, whether express or implied, oral or written. 
 [remainder of page
intentionally left blank] 
  

 12 

 IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above
written. 
  

							
	BORROWERS:	 		 	 BUCA, INC.,
 a Minnesota corporation

				
		 		 	By:	 	/s/    John T. Bettin
		 		 		 	 Name: John T. Bettin
 Title: Chief Executive
Officer

			
		 		 	 BUCA RESTAURANTS, INC.,
 a Minnesota
corporation

				
		 		 	By:	 	/s/    John T. Bettin
		 		 		 	 Name: John T. Bettin
 Title: Chief Executive
Officer

			
		 		 	 BUCA TEXAS RESTAURANTS, L.P.,
 a Texas
limited partnership

				
		 		 	By:	 	BUCA Restaurants, Inc., its general partner
				
		 		 	By:	 	/s/    John T. Bettin
		 		 		 	 Name: John T. Bettin
 Title: Chief Executive
Officer

			
		 		 	 BUCA RESTAURANTS 2, INC.,
 a Minnesota
corporation

				
		 		 	By:	 	/s/    John T. Bettin
		 		 		 	 Name: John T. Bettin
 Title: Chief Executive
Officer

			
		 		 	 BUCA (MINNEAPOLIS), INC.,
 a Minnesota
corporation

				
		 		 	By:	 	/s/    John T. Bettin
		 		 		 	 Name: John T. Bettin
 Title: Chief Executive
Officer

  

 13 

							
	GUARANTORS:	 		 	 BUCA TEXAS BEVERAGE, INC.,
 a Texas
corporation

				
		 		 	By:	 	/s/    David LaFlash
		 		 		 	 Name: David LaFlash
 Title: DVP

			
		 		 	 BUCA INVESTMENTS, INC.,
 a Minnesota
corporation

				
		 		 	By:	 	/s/    John T. Bettin
		 		 		 	 Name: John T. Bettin
 Title: Chief Executive
Officer

			
	AGENT AND LENDERS:	 		 	 WELLS FARGO FOOTHILL, INC.,
 a
California corporation, as Agent and as a Lender

				
		 		 	By:	 	/s/    Kelly Walsh
		 		 		 	 Name: Kelly Walsh
 Title: Vice
President

  

 14 

 Schedule P-2 
 Permitted Holders 
 Planet Hollywood 
  

 15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00146-of-00352.parquet"}]]