Document:

Amendment Number One to Credit Agreement

 Exhibit 10.1 
  
 AMENDMENT NUMBER ONE 
 TO CREDIT AGREEMENT AND WAIVER 
  
 This AMENDMENT NUMBER ONE TO CREDIT AGREEMENT AND WAIVER (this “Amendment”) is entered into as of April 15, 2005, 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, restated, supplemented, or otherwise modified from time to time, the “Credit Agreement”); 
  
 WHEREAS, the Parent has informed the Lender Group that (a) it intends
to restate its financial statements for fiscal years 2000 through 2003, for the first three fiscal quarters of fiscal year 2004 and for the November 2004 monthly fiscal period (the “Superceded Financial Statements”) to correct for
errors in the application of existing generally accepted accounting principles and for other reasons previously disclosed to the Lender Group, and has prepared new Projections in light of such anticipated restatements and changes in outlook for the
Borrowers and their Subsidiaries, copies of which new Projections (the “New Projections”) were delivered to the Lender Group on March 2, 2005, and (b) the Superceded Financial Statements and the Projections delivered to the Lender
Group prior to March 2, 2005 (the “Superceded Projections”) should no longer be relied upon; 
  
 WHEREAS, the following unwaived Events of Default have occurred and are continuing under the Credit Agreement (the “Existing Events of
Default”): 
  
 (a) Borrowers failed to maintain or
achieve EBITDA, measured on a quarter-end basis, of at least $4,700,000 for the 3 month period ending December 26, 2004 as required by Section 6.16(a)(i) of the Credit Agreement; 
  
 (b) Borrowers failed to maintain or achieve a Fixed Charge Coverage Ratio, measured on a quarter-end basis, of at least
2.25:1.0 for the 3 month period ending December 26, 2004 as required by Section 6.16(a)(ii) of the Credit Agreement; 
  
 (c) Borrowers have not satisfied on a timely basis the covenant set forth in Section 5.16 of the Credit Agreement with respect to BUCA
(Minneapolis), Inc., a newly formed Subsidiary of BUCA Restaurants 2, Inc.; 

 (d) Borrowers have not satisfied the conditions subsequent set forth in Sections 3.3(g) and
3.3(h) of the Credit Agreement within the time periods required thereby; 
  
 (e) Borrowers have failed to maintain a system of accounting that enables them to produce financial statements in accordance with GAAP as required by Section 5.1 of the Credit Agreement; 
  
 (f) Borrowers have disposed of the parcel of Real Property in Tuscany, Italy
during the continuance of an Event of Default in violation of Sections 6.3(c) and 6.4 of the Credit Agreement; 
  
 (g) Borrowers and their Subsidiaries have made certain intercompany distributions and/or have repaid certain intercompany debt during the continuance of
an Event of Default in violation of Section 4 of the Intercompany Subordination Agreement and in violation of Section 6(h)(ii) of the Security Agreement; 
  
 (h) Borrowers and their Subsidiaries have failed to deliver to Agent, with a copy to each Lender: (i) audited financial
statements and the related Compliance Certificate required by Section 5.3 of the Credit Agreement for fiscal year 2004 within 90 days after the end of such fiscal year, (ii) the quarterly reports required by Section 5.2 of the Credit
Agreement for the fourth fiscal quarter of fiscal year 2004 within 45 days after the end of such fiscal quarter, (iii) unaudited financial statements and the other monthly reports required by Section 5.3 of the Credit Agreement for the
December 2004, January 2005 and February 2005 monthly fiscal periods within 30 days (or 45 days, as the case may be) after the end of such monthly fiscal periods, and (iv) the monthly reports required by Section 5.2 of the Credit Agreement
for the December 2004, January 2005, February 2005 and March 2005 monthly fiscal periods within 10 days after the end of such monthly fiscal periods; and 
  
 (i) The representations regarding the Superceded Financial Statements and the Superceded Projections contained in Sections 4.11 and 4.18 of
the Credit Agreement are incorrect. 
  
 WHEREAS, Borrowers
have requested that the Lender Group agree to amend the Credit Agreement and waive the Existing Events of Default, as set forth herein; and 
  
 WHEREAS, subject to the terms and conditions set forth herein, the Lender Group is willing to make the amendments and grant the waiver requested by
Borrowers. 
  
 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. 
  

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 2. Amendments to Credit Agreement. 
  
 (a) Section 2.6(a)(iii) of the Credit Agreement is hereby deleted and amended and restated in its entirety as
follows: 
  
 “(iii) if the relevant Obligation is the Term
Loan B, (A) during the period from and including the Closing Date through and including January 31, 2005, at a per annum rate equal to the Base Rate plus 4.75 percentage points, and (B) during the period from and including February 1, 2005 through
and including the Maturity Date, at a per annum rate equal to the Base Rate plus 6.75 percentage points; provided that, commencing with the fiscal quarter ending March 26, 2006, if TTM EBITDA of Borrowers is greater than $12,400,000 as of the
end of any fiscal quarter, the per annum rate shall be equal to the Base Rate plus 5.75 percentage points during the period from and including the first day of the fiscal quarter immediately following such fiscal quarter through and including the
Maturity Date, and” 
  
 (b) Section 3.3(g) of the
Credit Agreement is hereby amended by (i) deleting “within 90 days of the Closing Date,” from the first line thereof and replacing it with “on or before April 30, 2005,” and (ii) adding the following immediately after the first
proviso thereof: 
  
 “provided further that,
Administrative Borrower shall provide or cause to be provided to Agent and Term Loan B Representative a weekly report setting forth in, reasonable detail, Borrowers’ efforts in obtaining such third party consents required to effect such
transactions (including those of the Minneapolis City Counsel and the landlord of the Minneapolis, Minnesota Restaurant);” 
  
 (c) [Intentionally Omitted] 
  
 (d) Section 5.1 of the Credit Agreement is hereby deleted and amended and restated in its entirety as follows: 
  
 “5.1 Accounting System. Maintain at all times
from and after June 26, 2005 a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be
requested by Agent.” 
  

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 (e) Section 6.16(a)(i) of the Credit Agreement is hereby amended by deleting the first 9 rows of
the table set forth therein and replacing such rows with the following: 
  

				
	Applicable Amount

	 	 Applicable Period

	$	1,900,000	 	the 3 month period ending March 27, 2005
		
	$	4,700,000	 	the 6 month period ending June 26, 2005
		
	$	5,900,000	 	the 9 month period ending September 25,2005
		
	$	10,300,000	 	the 12 month period ending December 25, 2005
		
	$	10,600,000	 	the 12 month period ending March 26, 2006
		
	$	10,800,000	 	the 12 month period ending June 25, 2006
		
	$	11,200,000	 	the 12 month period ending September 24, 2006
		
	$	12,400,000	 	the 12 month period ending December 31, 2006

  
 (f) Section
6.16(a)(ii) of the Credit Agreement is hereby amended by deleting the first 9 rows of the table set forth therein and replacing such rows with the following: 
  

			
	 Applicable Ratio

	 	 Applicable Period

	1.10:1.0	 	the 3 month period ending March 27, 2005
		
	1.10:1.0	 	the 6 month period ending June 26, 2005
		
	.85:1.0	 	the 9 month period ending September 25, 2005
		
	1.10:1.0	 	the 12 month period ending December 25, 2005
		
	1.10:1.0	 	the 12 month period ending March 26, 2006
		
	1.10:1.0	 	the 12 month period ending June 25, 2006
		
	1.10:1.0	 	the 12 month period ending September 24, 2006
		
	1.10:1.0	 	the 12 month period ending December 31, 2006

  

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 (g) Section 7.7 of the Credit Agreement is hereby deleted and amended and restated in its entirety
as follows: 
  
 “7.7 If one or more
judgments, orders or awards (or any settlement of any claim that, if breached, could result in a judgment, order or award) involving an aggregate amount of $500,000, or more (except (a) to the extent fully covered by insurance pursuant to which the
insurer has accepted liability therefor in writing, or (b) the settlement of the Class Action Lawsuit in an aggregate amount not to exceed $2,800,000 (inclusive of legal fees and disbursements)) shall be entered or filed against any Borrower or any
Subsidiary of a Borrower or with respect to any of their respective assets, and the same is not released, discharged, bonded against, or stayed pending appeal before the earlier of 30 days after the date it first arises or 5 days prior to the date
on which such asset is subject to being forfeited by the applicable Borrower or the applicable Subsidiary;” 
  
 (h) Schedule 1.1 to the Credit Agreement is hereby amended by adding the following definitions in proper alphabetical order: 
  
 ““Class Action Lawsuit” means the
lawsuit captioned Buca, Inc. adv. Tosto, Bolton, Los Angeles Superior Court, Case number BC316879 and filed in the Orange County Superior Court, California, on March 4, 2004 and subsequently transferred to the Los Angeles Superior
Court.” 
  
 ““Common Stock
Penalty” has the meaning set forth in the definition of “EBITDA”.” 
  
 ““D&O Costs” has the meaning set forth in the definition of “EBITDA”.” 
  
 ““First Amendment” means Amendment
Number One to Credit Agreement and Waiver dated as of April 15, 2005 entered into by and among the Lenders, the Agent and the Borrowers.” 
  
 ““First Amendment Fees and Expenses” has the meaning set forth in the definition of “EBITDA”.”

  
 ““Investigations” has
the meaning set forth in that certain letter agreement dated as of April 15, 2005 executed by the Lender Group in favor of the Borrowers.” 
  
 ““Investigations Expenses” has the meaning set forth in the definition of “EBITDA”.” 
  

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 (i) Schedule 1.1 to the Credit Agreement is hereby amended by deleting the definitions of
“Borrowing Base”, “EBITDA”, and “TTM EBITDA” and restating such definitions in their entirety as follows: 
  
 ““Borrowing Base” means: 
  

(a) As of any date of determination during the period from and including the Closing Date through and including December 31, 2005
(other than with respect to the period referenced in clause (b) of this definition), an amount equal to the result of: 
  
 (i) the lesser of (A) (x) 2.75 times TTM EBITDA for the most recently ended 12 consecutive monthly periods for which
financial statements have been delivered pursuant to Section 5.3, minus (y) $20,000,000, and (B) (x) 60% of the most recently determined Enterprise Value, minus (y) $20,000,000; 
  
 minus 
  
 (ii) the sum of (A) the Bank Product Reserve, and (B) the
aggregate amount of reserves, if any, established by Agent under Section 2.1(b). 
  
 (b) As of any date of determination during the period from and including January 1, 2006 through but excluding the Maturity Date, an
amount equal to the result of: 
  
 (i) the
lesser of (A) (x) 2.50 times TTM EBITDA for the most recently ended 12 consecutive monthly periods for which financial statements have been delivered pursuant to Section 5.3, minus (y) $20,000,000, and (B) (x) 60% of the
most recently determined Enterprise Value, minus (y) $20,000,000; 
  
 minus 
  
 (ii) the sum of (A) the Bank Product Reserve, and (B) the aggregate amount of reserves, if any, established by Agent under Section 2.1(b).” 
  
 ““EBITDA” means, with respect to any fiscal period, in each case as determined in
accordance with GAAP, Parent’s and its Subsidiaries’ consolidated net earnings (or loss), minus extraordinary gains and interest income for such period, plus: 
  
 (a) interest expense, income taxes, depreciation and amortization, and Restaurant Pre-Opening Expenses for
such period; 
  

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 (b) for the fourth fiscal quarter of fiscal year 2004 only: (i) lease termination charges
in an aggregate amount not to exceed $759,000 related to the Charlotte, NC and Jenkintown, PA Restaurants, (ii) non-cash early termination of debt charges in an aggregate amount not to exceed $1,724,000 incurred in connection with transactions
contemplated by the Agreement, (iii) charges related to acceleration of a consulting fee owed to the previous owner of the Vinny T’s of Boston Restaurants in an aggregate amount not to exceed $300,000, (iv) transition expenses associated with
the hiring of executive officers in an aggregate amount not to exceed $300,000, (v) costs and expenses (including legal fees and disbursements) incurred in connection with the settlement of a sexual harassment claim in an aggregate amount not to
exceed $182,000, and (vi) costs and expenses (including legal fees and disbursements) incurred in connection with the Class Action Lawsuit in an aggregate amount not to exceed $1,800,000; 
  
 (c) for the month of December in fiscal year 2004 only: (i)
non-cash asset impairment charges in an aggregate amount not to exceed $22,200,000 (consisting of (A) $11,800,000 related to Vinny T’s of Boston Restaurants, (B) $135,000 related to obsolete CD and warehouse inventory, (C) $9,724,000 related to
other Restaurants (Tampa, Kansas City-Plaza, Dallas-Park Lane, Wynnewood, Denver, Natick, Chicago-Clark Street, Des Moines and Houston-Buffalo Speedway), and (D) $541,000 related to new Restaurant sites (Lakewood, Southhills, Fresno, Rancho Mirage,
Atlantic Station, Charlotte, Deerfield and Springfield)), (ii) compensation expenses associated with stock options issued to consultants in 2004 in an aggregate amount not to exceed $4,100, and (iii) non-cash deferred rent expense in an aggregate
amount not to exceed $45,000; 
  
 (d) for fiscal
year 2005 only: (i) non-cash asset impairment charges related to the Long Beach, CA Restaurant in an aggregate amount not to exceed $400,000, (ii) non-cash expenses that might be incurred in the event that the First Amendment triggers extinguishment
accounting for the Borrowers in accordance with the proper application of GAAP, (iii) charges for amendment or waiver fees paid to any member of the Lender Group in connection with the First Amendment and for the payment or reimbursement of any
costs or expenses incurred by 
  

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 any member of the Lender Group or the Borrowers in connection with the First Amendment (the
“First Amendment Fees and Expenses”), and (iv) additional costs of D&O insurance above the original budgeted amount of $450,000 per year, in an amount not to exceed $62,500 per month (the “D&O Costs”);

  
 (e) for the months of April 2005 through and
including February 2006 only, fees, in an amount not to exceed $130,000 per month, paid to the holders of the common Stock of the Parent purchased under that certain Securities Purchase Agreement dated as of February 24, 2004 among the Parent and
the investors named therein for each month that such holders are not permitted to sell that Stock pursuant to an effective registration statement (the “Common Stock Penalty”); 
  
 (f) for fiscal year 2005 through and including fiscal year
2006 only, legal fees and disbursements incurred in connection with any of the Investigations, charges relating to the reimbursement of witnesses in any of the Investigations, and fees and disbursements of forensic accountants retained by the
Borrowers in connection with any of the Investigations, in an aggregate amount not to exceed $1,000,000 (the “Investigations Expenses”); and 
  

(g) for any fiscal year after fiscal year 2004 through and including fiscal year 2006, charges not to exceed $1,000,000 (inclusive of
legal fees and disbursements) in the aggregate for amounts, if any, in excess of the remaining reserve therefor paid during such period under the settlement of the Class Action Lawsuit; 
  
 provided that any reversal of charges set forth in the foregoing clauses (b) through (g) shall not be
included in EBITDA.” 
  

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 ““TTM EBITDA” means, as of any date of determination, EBITDA of
Parent and its Subsidiaries for the 12 consecutive monthly fiscal periods most recently ended; provided that for the monthly periods set forth in the below table, EBITDA shall be the amount set forth in such table opposite thereto for the
purposes of calculating TTM EBITDA: 
  

					
	Applicable Monthly Fiscal Period

	 	EBITDA

	 
	October, 2003	 	$	26,000	 
	November, 2003	 	$	41,000	 
	December, 2003	 	$	4,972,000	 
	January, 2004	 	$	754,000	 
	February, 2004	 	$	400,000	 
	March, 2004	 	$	2,636,000	 
	April, 2004	 	$	(526,000	)
	May, 2004	 	$	831,000	 
	June, 2004	 	$	2,593,000	 
	July, 2004	 	$	(212,000	)
	August, 2004	 	$	508,000	 
	September, 2004	 	$	512,000	 
	October, 2004	 	$	455,000	 
	November, 2004	 	$	(42,000	)

  
 (j) The definition of
“Excess Cash Flow” in Schedule 1.1 to the Credit Agreement is hereby amended by deleting the “and” before “(D)” and the “and” before “(F)” and adding the following before the period of such
definition: 
  
 “, (G) for any fiscal year after fiscal year
2004 through and including fiscal year 2006 only, amounts, not to exceed $2,800,000 (inclusive of legal fees and disbursements) in the aggregate, paid in cash during such period under the settlement of the Class Action Lawsuit, (H) for fiscal year
2005 through and including fiscal year 2006 only, amounts, not to exceed $1,000,000 in the aggregate, paid in cash during such period in respect of any Investigations Expenses, (I) in the case of fiscal year 2005 only, (x) amounts paid in cash
during such period in respect of the First Amendment Fees and Expenses, and (y) amounts, not to exceed $62,500 per month, paid in cash during such period in respect of the D&O Costs, and (J) for fiscal years 2005 and 2006 only, amounts, not to
exceed $130,000 per month, paid in cash during the period from April 2005 through and including February 2006 in respect of the Common Stock Penalty” 
  

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 (k) The definition of “Permitted Dispositions” in Schedule 1.1 to the Credit Agreement
is hereby amended by (i) restating clauses (f) and (g) thereof in their entirety to read as follows: 
  
 “(f) dispositions to plan participants in the KESOP (or their dependents or permitted transferees), upon the exercise of options granted under the
KESOP, of (i) Investments made by Parent prior to the Closing Date to hedge its obligations under the KESOP or options granted under the KESOP or (ii) Investments made by Parent after the Closing Date that are permitted under clause (e) of
the definition of Permitted Investments, (g) dispositions of Investments made by Parent prior to the Closing Date to hedge its obligations under the KESOP or options granted under the KESOP, provided that the proceeds of such dispositions are used
by the Parent to make Investments permitted under clause (e) of the definition of Permitted Investments,” 
  
 , and (ii) deleting the “and” before “(j)” and adding the following before the period of such definition: 
  
 “, and (k) the sale or other disposition of the lease
of the Charlotte-University site.” 
  
 (l) Exhibit B-1
to the Credit Agreement is hereby deleted and amended and restated in its entirety to read as set forth on Exhibit B-1 hereto. 
  
 3. Waiver. The Agent and each Lender hereby agree to waive, and hereby do waive, the Existing Events of Default so long as: (a) the audited
financial statements of the Parent and its Subsidiaries and the related Compliance Certificate for fiscal year 2004 are delivered to the Agent, with a copy to each Lender, on or before August 31, 2005, (b) the Parent files with the SEC its Annual
Report on Form 10-K for fiscal year 2004 and its Quarterly Report on Form 10-Q for the first fiscal quarter of fiscal year 2005 no later than August 31, 2005, (c) copies of the restatements of the Superceded Financial Statements (other than for the
November 2004 monthly fiscal period) are delivered to the Agent, with a copy to each Lender, no later than August 31, 2005, (d) copies of the quarterly reports required by Section 5.2 of the Credit Agreement for the fourth fiscal quarter of
fiscal year 2004 are delivered to the Agent, with a copy to each Lender, no later than 45 days after the end of the March 2005 monthly fiscal period, and (e) copies of all unaudited financial statements and other monthly reports required by
Sections 5.2 and 5.3 of the Credit Agreement for the December 2004, January 2005, February 2005 and March 2005 monthly fiscal periods are delivered to Agent, with a copy to each Lender, no later than (subject to the provisions of
Section 4(e) hereof) 45 days after the end of the March 2005 monthly fiscal period. 
  
 4. Conditions Precedent to Amendment. The satisfaction of each of the following shall constitute conditions precedent to the effectiveness of this Amendment (the date of such effectiveness being herein called
the “Amendment Effective Date”) and each and every provision hereof: 
  
 (a) Agent shall have received this Amendment, duly executed by the parties hereto, and the same shall be in full force and effect. 
  

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 (b) Agent shall have received a reaffirmation and consent substantially in the form attached hereto as
Exhibit A, duly executed and delivered by each Guarantor. 
  
 (c) Borrowers shall have paid to Agent, for WFF’s sole and separate account, an amendment fee of $100,000, which amendment fee shall be fully earned and paid in full by charging such fee to Borrowers’ Loan Account on the Amendment
Effective Date. 
  
 (d) Borrowers shall have paid to Agent, for
Ableco’s sole and separate account, an amendment fee of $300,000, which amendment fee shall be fully earned and paid in full by charging such fee to Borrowers’ Loan Account on the Amendment Effective Date. 
  
 (e) Agent and Term Loan B Representative shall have received (i) copies of
the restatements of the Superceded Financial Statements for the November 2004 monthly fiscal period, (ii) unaudited consolidated income statements, balance sheets and cash flow statements for the December monthly fiscal period in fiscal year 2004
and the January and February monthly fiscal periods in fiscal year 2005, and (iii) certificates detailing TTM EBITDA for the 12 consecutive monthly fiscal periods ended on the last day of each such period. 
  
 (f) The representations and warranties herein and in the Credit Agreement and
the other Loan Documents shall be true and correct in all material respects on and as of the date hereof (but after giving effect to that certain letter agreement dated as of the date hereof executed by the Lender Group in favor of the Borrowers),
as though made on such date (except to the extent that such representations and warranties relate solely to an earlier date). For purposes of determining satisfaction of this condition, no representations or warranties shall be deemed to have been
made under the Loan Documents regarding the Superceded Financial Statements or the Superceded Projections. 
  
 (g) No Default or Event of Default (other than the Existing Events of Default and any other Default or Event of Default that would exist but for the
provisions of that certain letter agreement dated as of the date hereof executed by the Lender Group in favor of the Borrowers)) 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 by any Governmental Authority against any Borrower, any Guarantor, Agent, or
any Lender. 
  
 5. Limitation. Except as expressly amended,
modified or waived under Sections 2 and 3 above, all of the representations, warranties, terms, covenants and conditions under or of the 

  

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Credit Agreement and any other Loan Document shall remain unwaived or unmodified by the terms hereof and shall continue to be, and shall remain, in full
force and effect in accordance with their respective terms. The waiver set forth herein shall be limited precisely as provided for herein, and shall not be deemed to be a waiver of, amendment of, consent to or modification of any other term,
provision or Default or Event of Default under the Credit Agreement or of any term of any other Loan Document, instrument or agreement referred to therein or herein or of any further or, except as expressly set forth herein, future transaction or
action on the part of Borrowers that would require the consent of the Agents and Lenders under the Credit Agreement or any other Loan Document. 
  
 6. Release. Each Borrower hereby waives, releases, remises and forever discharges each member of the Lender Group, each of their respective
Affiliates, and each of their respective officers, directors, employees, and agents (collectively, the “Releasees”), from any and all claims, demands, obligations, liabilities, causes of action, damages, losses, costs and expenses
of any kind or character, known or unknown, past or present, liquidated or unliquidated, suspected or unsuspected, which any Borrower ever had, or now has against any such Releasee which relates, directly or indirectly, to the Credit Agreement or
any other Loan Document, or to any acts or omissions of any such Releasee with respect to the Credit Agreement or any other Loan Document, or to the lender-borrower relationship evidenced by the Loan Documents. As to each and every claim released
hereunder, each Borrower hereby represents that it has received the advice of legal counsel with regard to the releases contained herein, and having been so advised, each Borrower 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 also waives the benefit of each other similar provision of applicable federal or state law, if any, pertaining to general releases after having been advised by its legal counsel with respect thereto. 
  
 7. Costs and Expenses. Borrowers agree 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 Navigant Consulting and outside counsel to each member of the Lender Group) in connection with the
preparation, execution and delivery of this Amendment and the review of all documents incidental thereto. 
  
 8. Representations and Warranties. Each Borrower represents and warrants to the Lender Group that (a) the execution, delivery, and performance of
this Amendment and of the Credit Agreement, as amended hereby, (i) are within its corporate or limited partnership powers, (ii) have been duly authorized by all necessary corporate or limited partnership action on its part, and (iii) 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 

  

 12 

 
undertaking to which it is a party or by which any of its properties may be bound or affected; (b) this Amendment and the Credit Agreement, as amended
hereby, are legal, valid and binding obligations of each Borrower, enforceable against each Borrower in accordance with their respective 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); and (c) no Default or Event of Default has occurred and is continuing on the date hereof or as of the date upon which the conditions precedent set forth
herein are satisfied (other than the Existing Events of Default and any other Default or Event of Default that would exist but for the provisions of that certain letter agreement dated as of the date hereof executed by the Lender Group in favor of
the Borrowers).. 
  
 9. Choice of Law. The validity of this
Amendment, its construction, interpretation and enforcement, 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. 
  
 10. 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 this 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. 
  
 11. 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. 
  

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 (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.

  

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 12. 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. 
  
 [signature page follows] 
  

 15 

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

  

					
	 BUCA, INC.
 a Minnesota corporation

		
	 By:
	 	 /s/ Wallace B. Doolin

	 Title:
	 	 Chairman, CEO, President

	
	 BUCA RESTAURANTS, INC.
 a Minnesota corporation

		
	 By:
	 	 /s/ Wallace B. Doolin

	 Title:
	 	 Chairman, CEO, President

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

		
	 By:
	 	 Buca Restaurants, Inc.,
 its general partner

			
	 	 	 By:
	 	 /s/ Wallace B. Doolin

	 	 	 Title:
	 	 Chairman, CEO, President

	
	 BUCA RESTAURANTS 3, INC.
 a Minnesota corporation

		
	 By:
	 	 /s/ Wallace B. Doolin

	 Title:
	 	 Chairman, CEO, President

	
	 BUCA (KANSAS), INC.
 a Kansas corporation

		
	 By:
	 	 /s/ Wallace B. Doolin

	 Title:
	 	 Chairman, CEO, President

  

 A-1 

			
	 BUCA RESTAURANTS 2, INC.
 a Minnesota corporation

		
	 By:
	 	 /s/ Wallace B. Doolin

	 Title:
	 	 Chairman, CEO, President

	
	 BUCA (MINNEAPOLIS), INC.
 a Minnesota corporation

		
	 By:
	 	 /s/ Wallace B. Doolin

	 Title:
	 	 Chairman, CEO, President

	
	 WELLS FARGO FOOTHILL, INC.
 a California corporation, as Agent and as a Lender

		
	 By:
	 	 /s/ Dena Seki

	 Title:
	 	 Vice President

	
	 ABLECO FINANCE LLC
 a Delaware limited liability company, as a Lender,
 on behalf of itself and its affiliate assigns

		
	 By:
	 	 /s/ Kevin Genda

	 Title:
	 	 SVP

  

 A-2Separation Agreement

 Exhibit 10.2 
  
 CONFIDENTIAL 
  
 SEPARATION AGREEMENT 
  
 WHEREAS, Joseph J. Kohaut (“EMPLOYEE”) was employed by BUCA, Inc. (“EMPLOYER”) as Senior Vice-President of Operations, Vinny T’s
of Boston; 
  
 WHEREAS, EMPLOYEE and EMPLOYER are ending their
employment relationship; and 
  
 WHEREAS, in order to avoid the
costs and expenses of litigation, and to resolve their disputes, EMPLOYEE and EMPLOYER wish to set forth the terms and conditions under which they are ending their employment relationship. 
  
 NOW THEREFORE, in consideration of the premises and the mutual agreements,
covenants, and provisions contained in this Separation Agreement (“Agreement”) and the companion General Release, the parties hereto agree as follows: 
  
 1. Termination of Employment. EMPLOYEE and EMPLOYER agree that EMPLOYEE’S employment with EMPLOYER ended
on April 30, 2005. 
  
 2. Release of Claims by
EMPLOYEE. At the same time EMPLOYEE executes this Agreement, he also will execute a General Release (General Release), in the form attached to this Agreement as Exhibit A, in favor of EMPLOYER, its insurers, affiliates, divisions,
committees, directors, officers, employees, agents, successors, and assigns. This Agreement will not be interpreted or construed to limit either the General Release in any manner. 

 CONFIDENTIAL 
  
 3. Wages and Separation Payment. EMPLOYEE acknowledges and agrees that EMPLOYER has paid him all wages due and
owing him for services rendered through his final day of employment, including any earned but unused vacation. EMPLOYER or its agents will make a special Separation Payment (“Separation Payment”) to EMPLOYEE equal to the sum of: $75,000.00
(Seventy-Five Thousand and no/100 dollars), an amount equal to four (4) months of EMPLOYEE’S base salary. The Separation Payment shall be subject to all voluntary and required withholdings. EMPLOYER shall make the Separation Payment in four
equal installments, with the first installment to be paid within five (5) business days of the expiration of the recission period set forth in this Agreement and the General Release and any subsequent installments to be paid on the first business
day of the three months next following the month in which the first installment is paid. 
  
 4. Removal of Obligation. EMPLOYER’S obligation to make the Separation Payment specified in Paragraph No. 3, in whole or in part, shall be null and void if EMPLOYEE fails to sign this Agreement and
the General Release or if he rescinds either of them after he signs them. In addition, EMPLOYER shall be under no obligation to pay any installments of the Separation Payment that may remain unpaid under the schedule set forth in paragrah no. 3, as
of the date either that EMPLOYER learns of facts that would have given it “Cause” to have ended EMPLOYEE’S employment, as that term is defined by Paragraph No. 7 of the Employment Agreement between EMPLOYEE and EMPLOYER, dated
December 9, 2002 or that EMPLOYEE obtains other employment. 
  

 -2- 

 CONFIDENTIAL 
  
 5. Return of Property. If he has not already done so, EMPLOYEE shall return to EMPLOYER all its records,
correspondence, computer memory media, and documents in his possession at the time he signs this Agreement. EMPLOYEE shall also return to EMPLOYER all other property of EMPLOYER, including EMPLOYEE’S corporate credit cards and keys, if any, at
the time he signs this Agreement. 
  
 6. Stock Option
Benefits. EMPLOYEE is a participant in a stock option plan, sponsored by EMPLOYER, under which EMPLOYEE received the opportunity to purchase a number of shares of stock in EMPLOYER. EMPLOYEE’s rights to purchase such shares, if any,
after the date that he signs this Agreement, shall be determined by the terms of the applicable stock option plan. 
  
 7. Time to Consider Agreement. EMPLOYEE understands that he may take as many as 21 (twenty-one) calendar days to decide whether to sign this
Agreement and the companion General Release. EMPLOYEE represents that if he signs this Agreement and the companion General Release before the expiration of the 21 (twenty-one) day period, it is because he has decided that he does not need any
additional time to decide whether to sign this Agreement and companion General Release. 
  
 9. Right to Rescind or Revoke. EMPLOYEE understands that he has the right to rescind or revoke this Agreement and the companion General Release for any reason within 15 (fifteen) calendar days after he
signs them. EMPLOYEE understands that this Agreement and the companion General Release will not become effective or enforceable unless and until he has not rescinded them and the applicable rescission periods have 
  

 -3- 

 CONFIDENTIAL 
  
 expired. EMPLOYEE understands that if he wishes to rescind, the rescission must be in writing and hand-delivered or mailed to EMPLOYER. If
hand-delivered, the rescission must be: (a) addressed to Cindy Rodahl, Vice-President, Family Resources, and (b) delivered to 1300 Nicollet Mall, Suite 503, Minneapolis, MN 55403 within the 15 (fifteen) day period. If mailed, the rescission must be:
(a) postmarked within the 15 (fifteen) day period; (b) addressed to Cindy Rodahl, Vice-President, Family Resources, at the above-stated address; and (c) sent by certified mail, return receipt requested. 
  
 11. Confidentiality. 
  
 a. General Standard. It is the intent of the parties that
this Agreement and the companion General Release (“Confidential Information”), will be forever treated as confidential (except as required by law). Accordingly, EMPLOYEE will not disclose Confidential Information to anyone at any time,
except as provided in subparagraph (b) below. 
  
 b.
Exceptions. EMPLOYEE may disclose Confidential Information: (1) to his spouse; (2) to his attorney; or (3) to his accountants or tax planners. If EMPLOYEE discloses Confidential Information to any person identified above, he must
simultaneously inform the person to whom the disclosure is being made that he or she must keep such Confidential Information strictly confidential and that he or she may not disclose such Confidential Information to any other person without the
advance written consent of EMPLOYEE and EMPLOYER. 
  

 -4- 

 CONFIDENTIAL 
  
 12. Full Compensation. EMPLOYEE agrees that the payments made and other consideration provided by EMPLOYER
under this Agreement constitute full compensation for and extinguish all EMPLOYEE’S claims as set forth in the companion General Release, including, but not limited to, all claims for attorneys’ fees, costs, and disbursements, and all
claims for any type of legal or equitable relief. 
  
 13. No
Admission of Wrongdoing. EMPLOYEE and EMPLOYER each understands that this Agreement does not constitute an admission by the other that either of them has violated any local ordinance, state or federal statute, or principle of common law, or
that either of them has engaged in any improper or unlawful conduct or wrongdoing against the other. EMPLOYEE and EMPLOYER each agrees that neither of them will characterize this Agreement or the payment of any money or other consideration in accord
with this Agreement as an admission that the other has engaged in any wrongdoing. 
  
 14. Authority. EMPLOYEE represents and warrants that he has the authority to enter into this Agreement and the companion General Release, and that no causes of action, claims, or demands released
pursuant to this Agreement and the companion General Release have been assigned to any person or entity not a party to this Agreement and the companion General Release. 
  
 15. Representation. EMPLOYEE acknowledges that he has the opportunity to be represented by his own attorney in
this matter, that he has had a full opportunity to consider this Agreement and the companion General Release, that he has had a full opportunity to ask any questions that he may have concerning this Agreement or the 
  

 -5- 

 CONFIDENTIAL 
  
 companion General Release, and that he has not relied upon any statements made by EMPLOYER or its attorneys, other than the statements made
in this Agreement and any EMPLOYER employee benefit plans in which EMPLOYEE is a participant. 
  
 16. Invalidity. In the event that any provision of this Agreement or the companion General Release is determined by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any
respect, such a determination will not affect the validity, legality, or enforceability of the remaining provisions of this Agreement or the companion General Release, and the remaining provisions of this Agreement and the companion General Release
will continue to be valid and enforceable. 
  
 17. Entire
Agreement. This Agreement, the companion General Release, the Employment Agreement between EMPLOYER and EMPLOYEE dated December 9, 2002, and any EMPLOYER employee benefit plans in which EMPLOYEE is a participant contain all the agreements
between EMPLOYEE and EMPLOYER. 
  
 18. Counterparts.
This Agreement may be executed simultaneously in two or more counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument. 
  
 19. Governing Law. This Agreement and the companion General Release will be construed in accord with, and any
dispute or controversy arising from any breach or asserted breach of this Agreement or the companion General Release will be governed by, the laws of the State of Minnesota. 
  

 -6- 

 CONFIDENTIAL 
  
 IN WITNESS WHEREOF, the parties have executed this Agreement on the dates indicated at their respective signatures below. 
  

					
	Dated: April 20, 2005.	 	 /s/ Joseph J. Kohaut

	 	 	Joseph J. Kohaut
		
	Dated: April 20, 2005.	 	BUCA, Inc.
			
	 	 	By:	 	 /s/    Cindy Rodahl

	 	 	Its:	 	Vice-President, Family Resources

  

 -7-

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