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Exhibit 10.27    
    

PURCHASE AND SALE AGREEMENT

EFFECTIVE DATE: OCTOBER                        , 2007

BY AND BETWEEN

MIYAKE FOODS, INC.

a California corporation

as "SELLER"

AND

uWINK CALIFORNIA, INC.

a Delaware corporation

as "BUYER"  

  

 
 

PURCHASE AND SALE AGREEMENT  

        THIS
PURCHASE AND SALE AGREEMENT ("Agreement") is made and entered into on October                        , 2007 ("Effective
Date"), between MIYAKE
FOODS, INC., a California corporation ("Seller"), and UWINK CALIFORNIA, INC., a Delaware corporation ("Buyer"). 

 
 

RECITALS:    
    

        Seller is the owner of a restaurant known as "California Steakhouse" (the "Business") located at 401 Castro Street in
Mountain View, California (the "Premises"). Seller desires to sell certain assets of the Business to Buyer, and Buyer desires to purchase those certain assets
described in this Agreement from Seller, on the terms of this Agreement. 

 
 

AGREEMENT:    
    

        NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto hereby agree as follows: 

        1.     Definitions.    In
addition to capitalized terms which are defined elsewhere in this Agreement, the following capitalized terms
when used in this Agreement shall have the meanings set forth in this Section 1: 

        a.     "ABC"
means the California Department of Alcoholic Beverage Control. 

        b.     "ABC
Agreement" means that certain Alcoholic Beverage Asset Sale Agreement of even date herewith by and between Seller and Buyer pursuant to which Buyer is acquiring from
Seller all of Seller's right, title and interest in and to the ABC License and no other assets. 

        c.     "ABC
Escrow Holder" means Heritage Bank of Commerce located in San Jose, California (contact: Chloe Flowers, Senior Vice President). 

        d.     "ABC
License" means general on-sale license no. 47-407504 issued by the ABC to Seller permitting Seller to serve alcoholic beverages
at the Premises in operating the Business; 

        e.     "Applicable
Law" means all statutes, laws, common law, rules, regulations, ordinances, codes or other legal requirements of any Governmental Authority, and any judgment,
injunction, order, directive, decree or other judicial or regulatory requirement of any court or Governmental Authority of competent jurisdiction affecting or relating to the Person or property
in question. 

        f.      "Assets
Escrow Holder" means Heritage Bank of Commerce located in San Jose, California (contact: Chloe Flowers, Senior Vice President). 

        g.     "Bulk
Sales Law" means the specific Applicable Law relating to transfers in bulk, codified in Division 6 of the California Commercial Code. 

        h.     "Business
Day" means any day other than Saturday, Sunday or any federal or State of California legal holiday. 

        i.      "Closing"
is defined in Section 11 of this Agreement. 

        j.      "Closing
Date" is defined in Section 11 of this Agreement. 

        k.     "Governmental
Authority" means any federal, state or local government or other political subdivision thereof, including, without limitation, any agency or entity
exercising executive, legislative, judicial, regulatory or administrative governmental powers or functions, in each case to the extent the same has jurisdiction over the Person or property
in question. 

        l.      "Provisional
Remedies" mean any form of interim relief, including, without limitation, requests for temporary restraining orders, preliminary injunctions, writs of
attachment, 

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appointment
of a receiver, for claim and delivery, or any other orders which a court may issue when deemed necessary in its sole discretion to preserve the status quo or prevent irreparable injury,
including the claim of either party for injunctive relief to preserve the status quo. 

        m.    "Sublease
Commencement Date" is defined in Section 2(a) of the Sublease, a definition which the parties hereby incorporate herein by reference. 

        2.     Purchase
and Sale.    Subject to the terms and provisions set forth in this Agreement, at the Closing, Seller shall sell, convey,
transfer, assign and deliver to Buyer, and Buyer shall acquire from Seller, all of Seller's right, title and interest in and to the following assets of the Business: 

        a.     All
of the fixtures, furniture, furnishings, equipment, appliances and other tangible assets of the Business that are described on
Exhibit A, which shall exclude all decorations and art work (collectively, the "Tangible Assets"). 

        b.     Seller's
leasehold interest under that certain lease dated August 26, 2002, (the "Lease") with 401 Castro Street
Associates, LLC ("Landlord"), by means of a Sublease in the form attached hereto as Exhibit B
("the Sublease"). 

        3.     Exclusions.    Except
for the Tangible Assets and Seller's leasehold interest under the Lease (which together are referred to in
this Agreement as the "Assets"), Buyer is not acquiring any other assets belonging to Seller pursuant to this Agreement. Without limiting the foregoing sentence, Buyer understands and agrees that,
pursuant to this Agreement, Buyer is not acquiring any supplies or inventory of the Business, Seller's insurance policies or Seller's goodwill or other intangible assets or intellectual property
assets of the Business, including but not limited to Seller's trade names, menus or recipes. Furthermore, pursuant to this Agreement, Buyer is not acquiring Seller's interest in the ABC License, which
is the subject of the separate ABC Agreement between the parties. 

        4.     Condition
of Tangible Assets.    Buyer agrees that it is purchasing the Tangible Assets "AS-IS, WHERE-IS,
WITH ALL FAULTS" and Seller has made no representations regarding the condition of the Tangible Assets. Seller shall not remove the Tangible Assets from the Premises before the Closing Date without
Buyer's prior written consent. During the period before the Closing Date, Seller shall allow Buyer access to the Premises during normal working hours to inspect the Tangible Assets as frequently as
Buyer deems necessary as long as Buyer does not disrupt the activities of the Business or disturb Seller's customers. When feasible, Buyer will give Seller prior notice of its intention to inspect the
Tangible Assets and plan its inspections for a mutually convenient time when the Business is not open to customers. 

        5.     No
Assumption of Liabilities. 

        a.     Buyer
is purchasing the Assets free and clear of all restrictions on or conditions to transfer or assignment, and free and clear of all mortgages, leases (other than the
Lease), liens, charges, encumbrances, liabilities, obligations and debts, known and unknown, whether absolute, contingent, accrued or otherwise. 

        b.     The
parties understand and agree that Buyer shall not be liable for any obligations or liabilities of Seller of any kind or nature other than Seller's obligations under
the Lease, but only for obligations that arise after the Closing Date. 

        c.     Seller
is solely responsible for paying all obligations of the Business, pertaining to the period to and including the Closing Date, whether Seller has actual knowledge
of the obligation or not, including, without limitation, obligations pertaining to the Assets and the ABC License, Taxes (as herein defined) on account of the activities of the Business,
payroll for employees of the Business, payroll withholding deposits, worker's compensation insurance, and medical insurance. 

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        6.     Purchase
Price.    The total purchase price for the Assets (the "Purchase Price") is $250,000, less the sum of $12,000
(the "Liquor Purchase Price"), which the parties hereby agree shall be allocated to the sum of the ABC License, and paid pursuant to the terms of the separate ABC License Escrow Agreement, and
not the terms of this Agreement. Buyer and Seller acknowledge that the Purchase Price and the allocation described in this Section represent the fair market value of the Assets and a fair allocation
of their value determined pursuant to arm's length negotiation. 

        7.     Payment
of Purchase Price.    Buyer shall pay the Purchase Price to Seller as follows: 

        a.     Upon
mutual execution of this Agreement, Buyer shall deposit the sum of $25,000 as follows: (i) $13,000 in the form of a cashier's check, payable to Seller, with
the Assets Escrow Holder, to be released to Seller on the terms of this Agreement; and (ii) $12,000, representing the Liquor Purchase Price, in the form of a cashier's check, payable to Seller,
with the ABC Escrow Holder, to be released to Seller on the terms of the ABC Agreement. 

        b.     On
the Closing Date, Buyer shall deposit the balance of the Purchase Price, in the form of a cashier's check, payable to Seller, with the Assets Escrow Holder, to be
released to Seller at the Closing on the terms of this Agreement. 

        8.     Compliance
With Bulk Sales Law.    Seller shall comply with the Bulk Sales Law through the Assets Escrow Holder. The Assets Escrow
Holder shall cause a UCC search of the records of the California Secretary of State and the Official Records of Santa Clara County to confirm that, on the Closing Date, no liens or other claims exist
against the Assets. The costs and expenses that specifically and directly arise in connection with conducting a UCC search and recording notices to comply with the Bulk Sales Law shall be borne
by Buyer. 

        9.     ABC
Agreement. 

        a.     Buyer
and Seller understand and agree that the transfer of liquor licenses in California is a function of state government pursuant to the provisions of the California
Alcoholic Beverage Control Act, Sections 23000 et seq. of the California Business and Professions Code and that no act they take may violate any provision of California law. 

        b.     Concurrently
upon execution of this Agreement, Buyer and Seller together with the ABC Escrow Holder shall execute the ABC Agreement. In accordance with the ABC Agreement,
Buyer and Seller shall execute within three (3) Business Days after the Effective Date of this Agreement and Buyer shall file at the earliest date possible with the ABC, an application for
transfer of the ABC License from Seller to Buyer and issuance of a temporary permit ("Temporary Permit") to Buyer permitting the continued sale of liquor at the Premises
after the Closing Date pending the final transfer of the ABC License pursuant to the ABC Agreement. Buyer shall pay all fees required to effectuate both the transfer of the ABC License and issuance of
the Temporary Permit, with the parties equally sharing the fees of the ABC Escrow Holder. Seller agrees to fully cooperate and take all actions reasonably required or necessary, at Seller's expense,
to facilitate the orderly transfer of the ABC License from Seller to Buyer and the issuance of a Temporary Permit to Buyer, including, without limitation, surrendering the ABC License to the ABC in
accordance with its rules. 

        c.     The
ABC Agreement shall instruct that all notices be given to Seller's creditors as required by Applicable Law. The parties understand and agree that, pursuant to the
requirements of Sections 24073 and 24074 et seq. of the California Business and Professions Code, they must fund the ABC Escrow with a sum equal to (i) the fair market value of
the ABC License; (ii) the wholesale purchase price value of any inventory of alcoholic beverages that is part of the transfer; and (iii) the fair market value of any tangible assets that
are related to the sale and service of alcoholic beverages, which sum shall be determined on or before the Closing Date. The parties agree that (x) Buyer is not acquiring Seller's inventory of
alcoholic beverages, and (y) none of the 

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Tangible
Assets are related to the sale and service of alcoholic beverages. Consequently, the ABC Escrow will be funded with a sum equal to (i). 

        d.     The
termination of this Agreement shall be automatically result in the termination of the ABC Agreement, and upon such termination, the ABC Escrow Holder shall be
instructed to pay out and/or refund the Liquor Purchase Price in the same manner and according to the same instructions as set forth in Section 11 below, such that if Seller receives the
$13,000 payment below, Seller shall also receive the $12,000 of the Liquor Purchase Price, if the funds under this Agreement are held in escrow, then the Liquor Purchase Price shall also be so held
and if the funds in the Assets Escrow are returned to Buyer, then the funds in the ABC Escrow shall also be returned to Buyer. 

        10.   Conditions
Precedent to Performance. 

        a.     Buyer's
obligation to purchase the Assets under this Agreement is subject to satisfaction, on or before the Closing Date, of all the following conditions, unless waived
by Buyer: 

        (i)    Seller
shall obtain Landlord's written consent permitting Seller and Buyer to enter into the Sublease in the form attached as
Exhibit B. 

        (ii)   The
ABC shall issue a Temporary Permit to Buyer permitting the continued sale of liquor at the Premises after the Closing Date. 

        (iii)  All
requirements of the Bulk Sales Law have been complied with through the Assets Escrow Holder. 

        (iv)  On
or prior to the Closing, Seller shall deposit into the Assets Escrow a duly and validly executed Sublease in the form of
Exhibit B attached hereto. 

        (v)   On
or prior to the Closing, Seller shall deposit into the Assets Escrow a duly and validly executed "Bill of Sale," in the form of
Exhibit C attached hereto. 

        (vi)  During
the period from the Effective Date to the Closing Date, Seller shall not suffer any material loss or damage to the Tangible Assets, whether or not insured, that
would materially affect Buyer's use of the Tangible Assets in Buyer's judgment. 

        (vii) During
the period from the Effective Date to the Closing Date, Seller shall continue to operate the Business in the ordinary course and in the same manner as Seller
has operated the Business before the Effective Date, including, without limitation, maintaining, repairing and insuring the Tangible Assets to prevent any deterioration in their condition, ordinary
wear and wear excepted, and performing all duties required by Applicable Law to maintain the ABC License in good standing. 

        (viii) No
action, suit or proceeding before any Governmental Authority pertaining to the Assets or the ABC License shall be instituted or threatened on or before the
Closing Date. 

        (ix)  All
necessary agreements and consents of any other parties, in addition to the Landlord and the ABC, to the consummation of the transactions contemplated by this
Agreement and the ABC Agreement shall be obtained by Seller and delivered to Buyer through the Assets Escrow Holder. 

        (x)   Seller
shall perform, satisfy and comply with all covenants, agreements and conditions required by this Agreement to be performed or complied with by Seller on or before
the Closing Date, including, without limitation, access to the Premises during normal working hours to inspect the Tangible Assets. 

        (xi)  All
representations and warranties by Seller shall be true and correct on and as of the Closing Date as though made on that date. 

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        (xii) The
execution and delivery of this Agreement by Seller, and the performance of Seller's obligations hereunder, shall have been duly authorized by all necessary
corporate action. 

        b.     Seller's
obligation to sell and transfer the Assets under this Agreement is subject to satisfaction, on or before the Closing Date, of all the following conditions,
unless waived by Seller: 

        (i)    All
representations and warranties by Buyer shall be true and correct on and as of the Closing Date as though made on that date. 

        (ii)   On
or prior to the Closing, Buyer shall deposit into the Assets Escrow the balance of the Purchase Price as required by this Agreement. 

        (iii)  On
or prior to the Closing, Buyer shall deposit into the Assets Escrow a duly and validly executed Sublease in the form of
Exhibit B attached hereto. 

        (iv)  Buyer
shall perform, satisfy and comply with all covenants, agreements and conditions required by this Agreement to be performed or complied with by Buyer on or before
the Closing Date. 

        (v)   The
execution and delivery of this Agreement by Buyer, and the performance of Buyer's obligations hereunder, shall have been duly authorized by all necessary corporate
action. 

        11.   Closing.

        a.     Provided
all conditions precedent are satisfied or waived, the closing of the purchase and sale of the Assets described in this Agreement
(the "Closing") shall take place within 90 days of the execution of this Agreement (the "Closing Date"). In the event the
Closing has not occurred by the Closing Date, Seller shall provide written notice to Buyer requesting either (i) the waiver of all conditions precedent set forth in Section 10.a. above
by Buyer and the Closing of the transaction contemplated herein within 3 Business Days of Seller's demand thereof or (ii) the termination of this Agreement. Buyer's failure to respond to
such notice within 10 days of receipt shall result in a termination of this Agreement. The Closing shall occur at the offices of the Assets Escrow Holder or such other place as agreed to in
writing by Seller and Buyer. 

        b.     Before
the Closing Date of the Assets Escrow, Buyer shall have the absolute right to terminate this Agreement with or without cause by giving written notice of
termination to Seller and to the Assets Escrow Holder. In the event Buyer terminates this Agreement for any reason other than (1) the failure of the condition precedent set forth in
Sections 10(a)(i) or 10(a)(ii), (2) a default on the part of Seller (including the failure of Buyer's conditions precedent due to Seller's action or inaction), (3) or
because the City of Mountain View refuses to issue Buyer a building permit after Buyer's commercially reasonable efforts, the Assets Escrow Holder is instructed to pay to Seller the sum of $13,000 out
of the escrow, pay itself such escrow fees and/or cancellation fees as are applicable and refund the remaining balance of the funds being held in the Assets Escrow to Buyer. If this Agreement is
terminated by Buyer before the Closing Date because of a claim of a default on the part of Seller (including the failure of Buyer's conditions precedent due to Seller's action or inaction) or because
of a refusal by the City of Mountain View, the Assets Escrow Holder shall hold the Deposit until it receives mutual escrow instructions from Buyer and Seller or an appropriate Order from a judge or
arbitrator. If this Agreement is terminated by Buyer before the Closing date as a result of a failure of a condition precedent set forth in Section 10(a)(i) or 10(a)(ii), the Assets
Escrow Holder shall refund the full balance of the funds being held in the Assets Escrow to Buyer (less Buyer's portion of applicable escrow and/or cancellation fees). 

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        c.     If
this Agreement terminates for any reason other than those set forth in subsection (b) above, the Assets Escrow Holder is instructed to pay to Seller the sum of
$13,000 out of the escrow, pay itself such escrow fees and/or cancellation fees as are applicable and refund the remaining balance of the funds being held in the Assets Escrow to Seller. 

        12.   Post-Closing
Condition.    In addition to obligations of the parties which expressly, or by their nature, require
performance after, or survive, the Closing, Seller agrees, as an express post-Closing condition of this Agreement, to fully cooperate and take all actions reasonably required or necessary,
at Seller's expense, to transfer the ABC License to Buyer. 

        13.   Risk
of Loss.    Until the Closing Date, Seller shall bear all risk of loss, injury, damage, or destruction of the Assets of the
Business, including, without limitation, the ABC License. If any loss, injury, damage, or destruction substantially impairs the value of the Business prior to the Closing Date in Buyer's judgment,
Buyer may, at its sole election, either terminate this Agreement or proceed with the Closing on the condition that Buyer receives a mutually-agreed upon proportionate reduction in the Purchase Price.
If any loss, injury, damage, or destruction interrupts conduct of the Business before the Closing Date for a period of five (5) Business Days or longer, Buyer may terminate this Agreement.
After the Closing Date, Buyer shall bear all risk of loss with respect to the Assets. 

        14.   Prorations
and Transaction Costs.    The parties instruct the Assets Escrow Holder to adjust the Purchase Price in accordance with
this Section, with the understanding that the Assets Escrow Holder is not responsible for any prorations, fees, Taxes or other transaction costs attributable to the transfer of the ABC License: 

        a.     Buyer
shall bear (i) all sales taxes arising out of the sale and transfer of the Tangible Assets pursuant to this Agreement; (ii) the fees and expenses of
its own attorneys, accountants and consultants; (iii) all costs and expenses that specifically and directly arise in connection with conducting a UCC search and recording notices to comply with
the Bulk Sales Law; and (iv) 1/2 of the fees and expenses for the Assets Escrow Holder and any other fees, Taxes or expenses required to be paid not otherwise specified in this
Section in order to complete the transaction contemplated by this Agreement. 

        b.     Seller
shall bear (i) any fees imposed by the Lease to obtain the Landlord's consent to the Sublease; (ii) the fees and expenses of its own attorneys,
accountants and consultants; and (iii) 1/2 of the fees and expenses for the Assets Escrow Holder and any other fees, Taxes or expenses required to be paid not otherwise specified
in order to complete the transaction contemplated by this Agreement. 

        c.     Assets
Escrow Holder shall prorate the following expenses as of the Closing Date: 

        (i)    All
personal property taxes imposed by any Governmental Authority with respect to the Tangible Assets. If the amount of the personal property taxes and assessments is
not ascertainable on the Closing Date, the Assets Escrow Holder shall base the proration according to the tax rates set forth in the most recent tax bill. 

        (ii)   Rent
under the Lease which Seller has paid before the Closing Date to the extent Seller's payment is for a period that extends after the Closing Date. 

        15.   Representations
and Warranties of Seller.    Seller represents and warrants to Buyer based upon the actual knowledge of Seller's
shareholders that: 

        a.     Seller
is a corporation in good standing under the laws of the State of California, has all necessary corporate powers to own the Assets and operate the Business as now
owned and operated by it. 

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        b.     Seller
is the sole owner of, and has good and marketable title in and to, all of the Assets. On the Closing Date, all of the Assets shall be free and clear of
restrictions on or conditions to transfer or assignment, and free and clear of all mortgages, leases (other than the Lease), liens, charges, encumbrances, liabilities, obligations and debts, known and
unknown, whether absolute, contingent, accrued or otherwise. 

        c.     Seller
is operating the Business in compliance with Applicable Law and the Lease. There is no pending or threatened suit, action, arbitration or legal, administrative or
other proceeding against or affecting Seller or the Assets. Seller is not in default with respect to any order, writ, injunction or decree of any Governmental Authority. 

        d.     The
consummation of the transactions contemplated by this Agreement will not result in the creation or imposition of any lien, charge or encumbrance on any of
the Assets. 

        e.     Seller
has the right, power and authority to enter into and perform its obligations under this Agreement, and no approvals or consents of any person are necessary in
connection therewith. The execution and delivery of this Agreement and performance of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part
of Seller. 

        f.      Seller
has not (i) made a general assignment for the benefit of creditors, (ii) filed any voluntary petition in bankruptcy or suffered the filing of an
involuntary petition by Seller's creditors, (iii) suffered the appointment of a receiver to take possession of all or substantially all of the Assets, (iv) suffered the attachment or
other judicial seizure of all, or substantially all of the Assets, (v) admitted in writing its inability to pay its debts as they come due, or (vi) made an offer of settlement, extension
or composition to Seller's creditors generally. 

        g.     Seller
has paid, or shall pay, all taxes (including, without limitation, all federal, state and local income, payroll, excise, franchise, real estate, personal property,
sales and use taxes and assessments (collectively, the "Taxes") on account of the activities of the Business), and has made, or will make, all payroll tax deposits owed by
Seller on account of the Business for the period to and including the Closing Date, and there are no unpaid Taxes or payroll deposits which are or could become a lien on the Assets, except Taxes and
payroll deposits which have not yet accrued or otherwise become due. Seller shall remain liable for payment of all Taxes and payroll deposits covering the period to and including the Closing Date
which are due or payable after the Closing Date. 

        h.     Seller
is not in violation of Applicable Law with respect to the ABC License and is not aware of any reason why the ABC should deny the application for transfer of the
ABC License from Seller to Buyer or the issuance of a Temporary Permit. 

        i.      Before
the Closing, Seller shall provide Buyer with all information and materials concerning the Business that Buyer may need in order to respond to requests for
information from the U.S. Small Business Administration, the Landlord or any Governmental Authority with jurisdiction over the Business or the ABC License. 

        j.      None
of the representations and warranties made by Seller contains any untrue statement of a material fact, or omits to state a material fact necessary to make the
statements made, in light of the circumstances under which they were made, not misleading. 

        16.   Representations
and Warranties of Buyer. Buyer hereby represents and warrants to Seller that: 

        a.     Buyer
is a corporation in good standing under the laws of the State of Delaware. The execution and delivery of this Agreement and the consummation of the transactions
contemplated hereby by Buyer have been duly authorized. 

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        b.     Buyer
has the right, power and authority to enter into and perform its obligations under this Agreement, and no approvals or consents of any person are necessary in
connection therewith. 

        c.     To
Buyer's knowledge, no Governmental Authority has convicted or accused Buyer of violating Applicable Law with respect to the issuance of an ABC License and Buyer is not
aware of any reason why the ABC should deny the application for transfer of the ABC License from Seller to Buyer or the issuance of a Temporary Permit. 

        d.     Buyer
has never been convicted of a felony. 

        17.   None
of the representations and warranties made by Buyer contains any untrue statement of a material fact, or omits to state a material fact necessary to
make the statements made, in light of the circumstances under which they were made, not misleading.Covenants and Agreements. 

        a.     From
the Effective Date to and including the Closing Date, Buyer and its accountant and other representatives shall have full access, during normal business hours, to
inspect all properties, books, accounts, records, contracts and documents of or relating to the Business or the Assets. Buyer will give Seller prior notice of its intention to inspect the foregoing
properties, books, accounts, records,
contracts and documents and conduct its inspections in a manner that will not disturb Seller's customers or the regular activities of the Business. Buyer may copy all of the foregoing properties,
books, accounts, records, contracts and documents if Buyer's representatives who perform the copying sign Seller's Non-Disclosure Agreement in the form of
Exhibit D. 

        b.     Seller
shall furnish or cause to be furnished to Buyer all data and information concerning the Business and Assets that Buyer may reasonably request. Additionally, from
the Effective Date to and including the Closing Date, Seller shall conduct the Business diligently and in substantially the same manner as it has previously been conducted before the
Effective Date. 

        18.   Indemnity
Agreement by Seller.    Seller shall indemnify and hold Buyer and Buyer's property free and harmless from and against
any and all claims, losses, damages, injuries, and liabilities arising from Seller's operation of the Business, occupancy of the Premises or ownership of the Assets, including, without limitation, the
ABC License, before the Closing, including, without limitation, payment of all Taxes (including, without limitation, sales tax and employment tax liabilities and liabilities that would be paid or
extinguished pursuant to the applicable requirements of the Bulk Sales Law). 

        19.   LIQUIDATED
DAMAGES.    IN THE EVENT ESCROW DOES NOT CLOSE FOR ANY REASON WHATSOEVER (OTHER THAN IN CONNECTION WITH A BREACH OR
DEFAULT BY SELLER AND/OR ANY OTHER CIRCUMSTANCE UNDER OR RELATING TO THIS AGREEMENT IN WHICH THIS AGREEMENT PROVIDES THAT BUYER IS ENTITLED TO A REFUND OF SOME OR ALL OF THE DEPOSIT), THEN $13,000 OF
THE DEPOSIT DESCRIBED IN THIS AGREEMENT AS APPLYING TO THIS AGREEMENT, INCLUDING ANY INTEREST EARNED THEREON, SHALL BE RETAINED BY SELLER AS LIQUIDATED AND AGREED-UPON DAMAGES AND AS
SELLER'S SOLE AND EXCLUSIVE REMEDY. SELLER AND BUYER ACKNOWLEDGE THAT THEY HAVE MUTUALLY DISCUSSED THE IMPRACTICABILITY AND EXTREME DIFFICULTY OF FIXING THE ACTUAL DAMAGES TO SELLER IN THE EVENT OF
DEFAULT BY BUYER AND THAT AS A RESULT OF SUCH DISCUSSION, THE PARTIES AGREE THAT SAID SUM REPRESENTS A REASONABLE ESTIMATE OF THE ACTUAL DAMAGES WHICH SELLER WOULD INCUR IN THE CASE OF DEFAULT BY
BUYER. BUYER FURTHER STIPULATES AND AGREES THAT THIS PROVISION IS NOT UNREASONABLE UNDER THE CIRCUMSTANCES EXISTING AT THE TIME THIS AGREEMENT IS EXECUTED, AND IN SO STIPULATING, BUYER ACKNOWLEDGES
THAT IT IS HEREBY WAIVING ANY RIGHT TO CONTEST OR INVALIDATE THIS PROVISION PURSUANT TO ANY PROVISION OF LAW. BY SIGNING ON 

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THE
SPACES WHICH FOLLOW, SELLER AND BUYER SPECIFICALLY AND EXPRESSLY AGREE TO ABIDE BY THE TERMS AND PROVISIONS OF THIS SECTION 19 CONCERNING LIQUIDATED DAMAGES. IN PLACING THEIR INITIALS IN
THE SPACES PROVIDED BELOW, THE PARTIES CONFIRM THAT THEY HAVE READ, UNDERSTAND AND AGREE TO THIS PROVISION.

 

	SELLER INITIALS:	 	BUYER INITIALS:
	 	 	 
	 	 	 
	 	 	 
	
	 	

        20.   No
Representations.    Buyer represents to Seller that Buyer is not purchasing the Assets as a result of any representations made
by Seller or by any agent of Seller that are not incorporated into this Agreement. Buyer hereby expressly waives any and all claims for damages or for rescission or cancellation of this Agreement due
to any representations made by Seller or any agent of Seller other than the representations contained in this Agreement. 

        21.   Indemnity
Agreement by Buyer.    Buyer shall indemnify and hold Seller and Seller's property, free and harmless from and against
any and all claims, losses, damages, injuries, and liabilities arising from the use of the Assets, occupancy of the Premises or other acts or omissions by Buyer after the Closing, including those
arising in connection with any Temporary Permit issued to Buyer before the Closing Date. 

        22.   Dispute
Resolution. 

        a.     Except
for an action seeking Provisional Remedies, which the parties agree shall brought in the Superior Court of California for the County of Santa Clara unless the
subject matter of the dispute arises exclusively under federal law, in which event the dispute shall be submitted to the United States District Court for the Northern District of California,
the parties agree to submit all other disputes arising under this Agreement to binding arbitration conducted in accordance with the Commercial Arbitration Rules of JAMS. The rights of discovery shall
be pursuant to the California Code of Civil Procedure. The venue for any arbitration shall be in San Jose, California. Judgment on any arbitration award may be entered in any court having
jurisdiction. 

        b.     If
Buyer or Seller brings any legal action or seeks arbitration regarding any provision of this Agreement, the prevailing party in the litigation or arbitration shall be
entitled to recover its reasonable attorneys' fees from the other party in addition to any other relief that may be granted. 

        c.     Buyer
and Seller each represent that it was represented by an attorney in the negotiation and execution of this Agreement. 

        23.   Miscellaneous.

        a.     This
Agreement, together with the attachments and provisions incorporated by reference, constitutes the entire agreement between Buyer and Seller concerning their rights
and obligations with respect to the sale and purchase of the Assets and supersedes all prior and contemporaneous agreements, representations, and understandings of the parties. No supplement,
modification, or amendment of this Agreement shall be binding unless executed in writing by both Buyer and Seller. No waiver of any of the provisions of this Agreement shall be deemed, or shall
constitute, a waiver of any other provision, whether or not similar, nor shall any waiver constitute a continuing waiver. No waiver shall be binding unless the scope of the waiver is set forth in a
writing which is executed by the party making the waiver. 

9

 

        b.     This
Agreement shall not be amended or modified at any time with respect to any provision except in writing executed by Buyer and Seller. 

        c.     Any
notice required or permitted to be given under this Agreement shall be written, and may be given by personal delivery or by registered or certified mail, first-class
postage prepaid, return receipt requested. Notice shall be deemed given upon actual receipt in the case of personal delivery, or four (4) Business Days after the day the writing is deposited in
the United States mail, addressed to the party in accordance with this Agreement and sent in the manner required by this Agreement. Mailed notices shall be addressed to Buyer and Seller as set
forth in Exhibit E, but each party may change address by written notice in accordance with this Section. 

        d.     Neither
Buyer nor Seller shall assign its rights or obligations under this Agreement without the prior written consent of the other. 

        e.     This
Agreement shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors, and assigns of Buyer and Seller. 

        f.      This
Agreement shall be governed by and construed in accordance with the laws of the State of California. 

        g.     All
representations, warranties, covenants and agreements shall survive the Closing. 

        h.     Buyer
and Seller each agree to perform any further acts, and to execute and deliver any documents or instruments, which may reasonably be necessary to carry out the
intention of this Agreement. 

        i.      This
Agreement may be executed in one or more counterparts and when executed by each of the parties signatory hereto, said counterparts shall constitute a single valid
instrument. 

Remainder of page intentionally left blank.

Signatures on following page.

10

        IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date. 

	 "Seller"

MIYAKE FOODS, INC.

a California corporation	 	"Buyer"

UWINK CALIFORNIA, INC.

a Delaware corporation
	 	 	 	 	 
	 	 	 	 	 
	By:	
	 	By:	

	 Its Authorized Representative	 	Its Authorized Representative

SIGNATURE
PAGE TO PURCHASE AND SALE AGREEMENT 

 
 

ESCROW HOLDER ACKNOWLEDGMENT    
    

        The undersigned, on behalf of HERITAGE BANK OF COMMERCE, hereby acknowledges receipt of that certain Purchase and Sale Agreement dated as of August
            , 2007, by and between MIYAKE FOODS, INC., a California corporation ("Seller") and UWINK CALIFORNIA, INC., a Delaware corporation ("Buyer"), and agrees to act as the
Assets Escrow Holder in accordance with the terms thereof. 

	Date:	
	 	, 2007	 	 	 
	 	 	 	 	 	"Escrow Holder":
	 	 	 	 	 	 	 
	 	 	 	 	 	HERITAGE BANK OF COMMERCE
	 	 	 	 	 	 	 
	 	 	 	 	 	By:	

	 	 	 	 	 	 	 
	 	 	 	 	 	 	

	 	 	 	 	 	 	Print Name and Title

ESCROW
ACKNOWLEDGEMENT TO PURCHASE AND SALE AGREEMENT 

 
 

EXHIBITS    
    

Exhibit A — Description of Furniture, Fixtures, Equipment and Other
Tangible Assets 

Exhibit B — Form of Sublease 

Exhibit C — Bill of Sale 

Exhibit D — Non-Disclosure Agreement 

Exhibit E — Address for Notices 

Exhibit A

Description of Furniture, Fixtures, Equipment and Other Tangible Assets 

Exhibit B

Form of Sublease 

Exhibit C

Bill of Sale 

        For
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, MIYAKE FOODS, INC., a California corporation ("Seller"), hereby sells, assigns,
conveys and transfers to UWINK CALIFORNIA, INC., a Delaware corporation, all of Seller's right, title and interest in and to the fixtures, furniture, furnishings, equipment, appliances and
other tangible assets of the Business that are described on Exhibit A of that certain Purchase and Sale Agreement by and between Seller and Buyer having an
Effective Date of                                    , 2007
("Agreement"). 

        This
Bill of Sale is subject to the representations, warranties, covenants and conditions contained in the Agreement, and shall be deemed to be delivered and effective on the Closing
Date defined in the Agreement. 

	Date:	
	 	, 2007.	 	 
	 	 	 	 	 	 
	 "Seller"

MIYAKE FOODS, INC.

a California corporation	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	By:	
	 	 

Exhibit D

Form of Non-Disclosure Agreement 

Exhibit E

Address for Notices 

	To Buyer
 
	 	To Seller
 

	UWink California, Inc.

16106 Hart Street

Van Nuys, California 91406-3903

Attention Mr. Peter Wilkniss

Telephone: 818/909-6030

Fax: (818) 909-6070

e-mail: peter.wilkniss@uwink.com	 	Yukio Iwamoto

Miyake Foods, Inc.

140 University Ave.

Palo Alto, CA 94301

	 	 	 
	With a copy to
	 	With a copy to

	Rochelle B. Spandorf, Esq.

Sonnenschein Nath & Rosenthal LLP

601 South Figueroa Street, Suite 2500

Los Angeles, CA 90017	 	Stephen D. Pahl

Pahl & McCay

225 West Santa Clara Street, Suite 1500

San Jose, California 95113

QuickLinks

Exhibit 10.27

PURCHASE AND SALE AGREEMENT

RECITALS

AGREEMENT

ESCROW HOLDER ACKNOWLEDGMENT

EXHIBITSQuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.28    
    

 
 
 

ALCOHOLIC BEVERAGE ASSETS SALE AGREEMENT
  
  
  DATED AS OF OCTOBER                        ,
2007
  
    BY AND BETWEEN
  
    MIYAKE FOODS, INC.
  A CALIFORNIA CORPORATION
  AS "SELLER"
  
    AND
  
    UWINK CALIFORNIA, INC.
  A DELAWARE CORPORATION
  AS "BUYER"    
    

  

 
 

ALCOHOLIC BEVERAGE ASSETS SALE AGREEMENT  

        This
ALCOHOLIC BEVERAGE ASSETS SALE AGREEMENT ("Agreement") is made and entered into on October                        , 2007
("Effective Date"), between MIYAKE FOODS, INC., a California
corporation ("Seller"), and UWINK CALIFORNIA, INC., a Delaware corporation ("Buyer"). 

RECITALS: 

        Seller
is the owner of the ABC License (defined below) in connection with the operation of a restaurant known as "California Steakhouse"
(the "Business") located at 401 Castro Street in Mountain View, California (the "Premises"). Pursuant to the terms of a
separate Assets Agreement (defined below) of even date, Seller is selling and transferring to Buyer certain assets of the Business through the separate Assets Escrow Holder. Seller also desires to
assist Buyer in obtaining a Temporary Permit (defined below). The parties hereby memorialize their agreement regarding the terms of sale and transfer of the ABC License from Seller to Buyer. 

AGREEMENT: 

        NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 

        1.     Definitions.    In
addition to capitalized terms which are defined elsewhere in this Agreement, the following capitalized terms
when used in this Agreement shall have the meanings set forth in this Section 1: 

        a.     "ABC"
means the California Department of Alcoholic Beverage Control. 

        b.     "ABC
Escrow" means the escrow being handled by the ABC Escrow Holder for the sale and transfer of the ABC License in accordance with this Agreement 

        c.     "ABC
Escrow Holder" means Heritage Bank of Commerce located in San Jose, California (contact: Chloe Flowers, Senior Vice President). 

        d.     "ABC
License" means, collectively, the general on-sale license no. 47-407504 issued by the ABC to Seller permitting Seller to serve
alcoholic beverages and engage in related services at the Premises in operating the Business. 

        e.     "Applicable
Law" means all statutes, laws, common law, rules, regulations, ordinances, codes or other legal requirements of any Governmental Authority, and any judgment,
injunction, order, directive, decree or other judicial or regulatory requirement of any court or Governmental Authority of competent jurisdiction affecting or relating to the Person or property
in question. 

        f.      "Assets
Agreement" means that certain Purchase and Sale Agreement of even date herewith by and between Buyer and Seller pertaining to the sale and transfer from Seller to
Buyer of certain assets of the Business. 

        g.     "Assets
Escrow" means the separate escrow being handled by the Assets Escrow Holder for the purchase and sale of the Assets as defined in the Assets Agreement. 

        h.     "Assets
Escrow Holder" means Heritage Bank of Commerce located in San Jose, California (contact: Chloe Flowers, Senior Vice President). 

        i.      "Bill
of Sale" means any instrument transferring to Buyer any ownership in personal property. 

        j.      "Business
Day" means any day other than Saturday, Sunday or any federal or State of California legal holiday. 

2

 

        k.     "Closing"
is defined in Section 8.a. of this Agreement. 

        l.      "Closing
Date" is defined in Section 8.a. of this Agreement. 

        m.    "Governmental
Authority" means any federal, state or local government or other political subdivision thereof, including, without limitation, any agency or entity
exercising executive, legislative, judicial, regulatory or administrative governmental powers or functions, in each case to the extent the same has jurisdiction over the Person or property
in question. 

        n.     "Liquor
License Law" means the Applicable Law that specifically governs the transfer of liquor licenses, which is codified in Division 9 (Section 23000, et. seq.)
of California Business and Professions Code. 

        o.     "Provisional
Remedies" mean any form of interim relief, including, without limitation, requests for temporary restraining orders, preliminary injunctions, writs of
attachment, appointment of a receiver, for claim and delivery, or any other orders which a court may issue when deemed necessary in its sole discretion to preserve the status quo or prevent
irreparable injury, including the claim of either party for injunctive relief to preserve the status quo. 

        p.     "Sublease
Commencement Date" is defined in Section 2(a) of the Sublease, a definition which the parties hereby incorporate herein by reference. 

        q.     "Temporary
Permit" means the requisite authorization issued to Buyer by the ABC permitting Buyer to continue selling wine, beer and alcoholic beverages at the Premises
pending the final transfer of the ABC License. 

        2.     Purchase
and Sale.    Subject to the terms and provisions set forth in this Agreement, at the Closing, Seller shall sell, convey,
transfer, assign and deliver to Buyer, and Buyer shall acquire from Seller, all of Seller's right, title and interest in and to the ABC License. The parties acknowledge and agree that Buyer is not
acquiring Seller's inventory of wine, beer or alcoholic beverages or any of the tangible assets of the Business which Seller has used for the sale and service of alcoholic beverages. 

        3.     No
Assumption of Liabilities.    Buyer is purchasing the ABC License free and clear of all restrictions on or conditions to
transfer or assignment except those restrictions on transfer or assignment that are imposed generally by Applicable Law and not as a result of any act or omission by Seller, and free and clear of all
mortgages, leases, liens, charges, encumbrances, liabilities, obligations and debts, known and unknown, whether absolute, contingent, accrued or otherwise. 

        4.     Total
Purchase Price.    The total purchase price to be paid by Buyer through the ABC Escrow Holder for the ABC License is
$12,000.00 (the "Purchase Price"). Buyer and Seller acknowledge that the Purchase Price represents the fair market value of the ABC License determined pursuant to
arm's length negotiation. 

        5.     Payment
of Purchase Price.    Upon mutual execution of this Agreement, Buyer shall deposit the sum of $12,000.00, representing the
Purchase Price, in the form of a cashier's check, payable to Seller, with the ABC Escrow Holder. The ABC Escrow Holder shall deposit the Purchase Price into an interest-bearing account and credit all
interest to Buyer's account. 

        6.     Deliveries
to Buyer.    Simultaneously with the execution hereof, Seller shall deliver to the ABC Escrow Holder a true, correct and
complete copy of each of the following documents executed in accordance with Applicable Law: (i) ABC 211A, License Transfer Request; (ii) ABC 227, Notice of Intended Transfer;
(iii) each and every ABC 257 form, Diagram of Licensed Premises, which Seller has filed with the ABC in connection with the ABC License; and (iv) any additional documents which
may reasonably be necessary to accomplish the sale and transfer of the ABC License to Buyer and the issuance of a Temporary Permit to Buyer. 

3

 

        7.     Conditions
Precedent to Performance. 

        a.     Buyer's
obligation to purchase the ABC License under this Agreement is subject to satisfaction, on or before the Closing Date, of all the following conditions, unless
waived by Buyer: 

        (i)    The
ABC shall approve the transfer of the ABC License to Buyer; 

        (ii)   The
Assets Escrow shall have closed resulting in the sale and transfer of the Assets (as defined in the Assets Agreement) by Seller to Buyer in accordance with
the terms of the Assets Agreement whereby, among other things, Buyer shall have the right to occupy the Premises under a Sublease (as defined in the Assets Agreement) by and between Seller
and Buyer. 

        (iii)  No
action, suit or proceeding before any Governmental Authority pertaining to the ABC License shall be instituted or threatened on or before the Closing Date. 

        (iv)  Seller
shall perform, satisfy and comply with all covenants, agreements and conditions required by this Agreement to be performed or complied with by Seller on or
before the Closing Date, including, without limitation, depositing the original ABC License with the ABC Escrow Holder and executing and delivering to the ABC Escrow Holder all of the documents which
may reasonably be necessary to accomplish the sale and transfer of the ABC License to Buyer and the issuance of a Temporary Permit to Buyer. 

        (v)   All
representations and warranties made by Seller in this Agreement shall be true and correct on and as of the Closing Date as though made on that date. 

        (vi)  The
execution and delivery of this Agreement by Seller, and the performance of Seller's obligations hereunder, shall have been duly authorized by all necessary
corporate action. 

        b.     Seller's
obligation to sell and transfer the ABC License under this Agreement is subject to satisfaction, on or before the Closing Date, of all the following conditions,
unless waived by Buyer: 

        (i)    All
representations and warranties made by Buyer in this Agreement shall be true and correct on and as of the Closing Date as though made on that date. 

        (ii)   Buyer
shall submit an application to the ABC for issuance of a Temporary Permit. 

        (iii)  Buyer
shall submit an application for the transfer of the ABC Licenses as soon as reasonably practicable following the delivery to the ABC of the Notice of Intended
Transfer by Seller or the ABC Escrow Holder. 

        (iv)  Buyer
shall execute and deliver to the ABC Escrow Holder all documents which may reasonably be necessary to accomplish the sale and transfer of the ABC License
to Buyer. 

        (v)   Buyer
shall perform, satisfy and comply with all covenants, agreements and conditions required by this Agreement to be performed or complied with by Buyer on or before
the Closing Date. 

        (vi)  The
execution and delivery of this Agreement by Buyer, and the performance of Buyer's obligations hereunder, shall have been duly authorized by all necessary corporate
action. 

        8.     ABC
Escrow; Closing. 

        a.     Within
two (2) Business Days of the execution of this Agreement, Buyer and Seller shall open an escrow (the "ABC Escrow") with
the ABC Escrow Holder and shall execute any additional instructions that are reasonably necessary to reflect and implement, and are not 

4

 

inconsistent
with, the terms of this Agreement. Within three (3) Business Days of the execution of this Agreement, Buyer and Seller shall execute an application for transfer of the ABC License
from Seller to Buyer and issuance of the Temporary Permit. Provided all conditions precedent are satisfied, the closing of the purchase and sale of the ABC License described in this Agreement
(the "Closing") shall take place on the date (the "Closing Date") as prescribed by Applicable Law and, in any event, when:
(i) the ABC Escrow Holder is in a position to perform all acts described in Section 12 below; and (ii) neither Buyer nor Seller shall have notified Escrow Holder that the other
party is in default hereunder. 

        b.     At
least two (2) Business Days before the Closing Date, Buyer shall pay to the ABC Escrow Holder an estimate of Buyer's share of the expenses of the Closing set
forth in Section 10.a. below after crediting to Buyer any interest earned on the Purchase Price. 

        c.     At
the Closing, the ABC Escrow Holder shall disburse the funds deposited with the ABC Escrow Holder by Buyer on the account of the Purchase Price as follows: 

        (i)    Deduct
all items chargeable to the account of Seller, including the expenses of Seller set forth in Section 10.b. below; 

        (ii)   Pay
the claims of Seller's creditors in accordance with Section 12.b. below and in accordance with Applicable Law; and 

        (iii)  Disburse
the balance of the Purchase Price to Seller. 

        d.     At
the Closing, the ABC Escrow Holder shall deliver to Buyer a Bill of Sale and original of the ABC License. 

        9.     Termination. 

        a.     Within
90 days of the execution of this Agreement, Buyer shall have the absolute right to terminate this Agreement without cause by giving written notice of
termination to Seller and to the ABC Escrow Holder. In the event Buyer terminates this Agreement for any reason other than (1) the failure of the condition precedent set forth in
Sections 10(a)(i) or 10(a)(ii) of the Assets Agreement, (2) a default on the part of Seller under this Agreement or the Assets Agreement (including the failure of Buyer's
conditions precedent due to Seller's action or inaction under this Agreement or the Assets Agreement), (3) or because the City of Mountain View refuses to issue Buyer a building permit after
Buyer's commercially reasonable efforts, the Assets Escrow Holder is instructed to pay to Seller the Deposit out of the escrow and to bill Buyer for such escrow fees and/or cancellation fees as are
applicable. If this Agreement is terminated by Buyer before the Closing Date because of a claim of a default on the part of Seller under this Agreement or the Assets Agreement (including the failure
of Buyer's conditions precedent due to Seller's action or inaction) or because of a refusal by the City of Mountain View, the ABC Escrow Holder shall hold the Deposit until it receives mutual escrow
instructions from Buyer and Seller or an appropriate Order from a judge or arbitrator. If this Agreement is terminated by Buyer before the Closing date as a result of a failure of a condition
precedent set forth in Section 10(a)(i) or 10(a)(ii) of the Assets Agreement, the ABC Escrow Holder shall refund the full balance of the Deposit to Buyer (less Buyer's portion of
applicable escrow and/or cancellation fees). 

        b.     If
this Agreement terminates for any reason other than those set forth in subsection (a) above, the Assets Escrow Holder is instructed to pay to Seller the sum of
$12,000 out of the escrow, and bill Buyer for such escrow fees and/or cancellation fees as are applicable. 

        10.   Prorations
and Transaction Costs.    The parties instruct the ABC Escrow Holder to adjust the Purchase Price in accordance with
this Section, with the understanding that the ABC Escrow Holder is 

5

 

not
responsible for any prorations, fees, taxes or other transaction costs attributable to the transfer of the Assets under the Assets Agreement: 

        a.     Buyer
shall bear (i) any sales tax arising out of the sale and transfer of the ABC License prorated to the Closing Date; (ii) the fees and expenses of its
own attorneys, accountants and consultants; (iii) all fees imposed by the ABC for issuance of the Temporary Permit and transfer of the ABC License; and (iv) 1/2 of the
fees and expenses for the ABC Escrow Holder and any other fees, taxes or expenses required to be paid not otherwise specified in this Section in order to complete the transaction contemplated by
this Agreement. 

        b.     Seller
shall bear (i) the fees and expenses of its own attorneys, accountants and consultants; and (ii) 1/2 of the fees and expenses for the
ABC Escrow Holder and any other fees, taxes or expenses required to be paid not otherwise specified in order to complete the transaction contemplated by this Agreement. 

        c.     The
ABC Escrow Holder shall prorate between Seller and Buyer any personal property taxes imposed by any Governmental Authority with respect to the ABC License. If the
amount of the personal property taxes and assessments is not ascertainable on the Closing Date, the ABC Escrow Holder shall base the proration according to the tax rates set forth in the most recent
tax bill. 

        11.   Cancellation
Charge.    Seller and Buyer acknowledge and agree that ABC Escrow Holder will impose a cancellation charge of
$                                    ("Cancellation Charge") if
the Closing does not occur for any reason. In addition to the transaction costs identified in this Agreement, the ABC Escrow
Holder is hereby instructed to charge (i) Seller with the entire Cancellation Charge if Buyer cancels the ABC Escrow by written instructions to the ABC Escrow Holder based upon Seller's failure
to comply with its material obligations under this Agreement ("Seller Default"); and (ii) to charge Buyer with the entire Cancellation Charge if this escrow is cancelled for any
other reason. 

        12.   ABC
Escrow Holder's Duties.    In addition to all other duties imposed by Applicable Law, the ABC Escrow Holder shall
expeditiously perform the following duties to facilitate the transfer of the ABC License from Seller to Buyer and use its best efforts to enable the Closing to occur as soon as possible: 

        a.     The
ABC Escrow Holder shall prepare and record all notices to comply with the requirements of Applicable Law or inform the parties of their duties to prepare and record
notices if Applicable Law requires that Seller or Buyer do so instead of the ABC Escrow Holder. 

        b.     After
the requirements of Section 24049 of the California Business and Professions Code are satisfied, the ABC Escrow Holder shall pay from the Purchase Price
deposited by Buyer those claims of Seller's bona fide creditors who have timely filed claims with the ABC Escrow Holder before the ABC Escrow Holder receives notice of the ABC's approval of the
transfer of the ABC License from Seller to Buyer. If the Purchase Price deposited by Buyer is insufficient to pay in full all of the claims of Seller's bona fide creditors, the parties hereby
instruct the ABC Escrow Holder to distribute the funds on deposit in accordance with the priority rules of Applicable Law, which are as follows: 

        (i)    First,
to the United States for claims based upon income or withholding taxes, and thereafter for claims based upon any tax other than the taxes specified in
Section 24049 of the California Business and Professions Code; 

        (ii)   Second,
to the payment of claims for wages, salaries, or fringe benefits of Seller's employees earned or accruing before the sale or transfer described in this
Agreement or the opening of the ABC Escrow; 

6

 

        (iii)  Third,
to the payment of claims of secured creditors to the extent of the proceeds which arise from the sale of their securities; 

        (iv)  Fourth,
to the payment of claims on mechanic's liens; 

        (v)   Fifth,
to the payment of claims for goods sold and delivered to Seller for resale at the Premises and the payment of claims for services rendered, performed, or supplied
in connection with the operation of the Business, and to the payment of claims of a landlord, to the extent of proceeds on past due rent; 

        (vi)  Sixth,
to the payment of other claims that have been reduced to court ordered judgments, including claims for court ordered support of a minor child; and 

        (vii) Seventh,
to the payment of all other claims. 

        c.     The
ABC Escrow Holder is further directed that, if Seller disputes any claim filed with the ABC Escrow Holder before the ABC Escrow Holder is notified by the ABC of its
approval of the transfer of the ABC License to Buyer, the ABC Escrow Holder shall notify the claimant and the amount or prorated amount otherwise payable on the claim pursuant to this Section shall be
retained by the ABC Escrow Holder for a period of twenty-five (25) days from the time such payment would otherwise be made and, if during that period the funds are not attached, the
ABC Escrow Holder shall pay them to Seller. 

        d.     The
ABC Escrow Holder shall make the payments and distributions described in this Section reasonably promptly after the Closing. 

        13.   Denial
of Transfer.    If the application for transfer of the ABC License to Buyer is finally denied for any reason after due
prosecution and exhaustion of all appropriate administrative remedies, then this Agreement shall terminate and the ABC Escrow shall be deemed cancelled and the Purchase Price shall be refunded to
Buyer subject to the provisions of this Agreement. Termination of this Agreement and cancellation of the ABC License shall not prevent or bar either party from maintaining an action against the other
to recover damages for the breach of any warranty, covenant or agreement by the party where the breach is the proximate cause for denial of the application for transfer of the ABC License. 

        14.   LIQUIDATED
DAMAGES.    IN THE EVENT ESCROW DOES NOT CLOSE FOR ANY REASON WHATSOEVER (OTHER THAN IN CONNECTION WITH A BREACH OR
DEFAULT BY SELLER AND/OR ANY OTHER CIRCUMSTANCE UNDER OR RELATING TO THIS AGREEMENT IN WHICH THIS AGREEMENT PROVIDES THAT BUYER IS ENTITLED TO A REFUND OF SOME OR ALL OF THE DEPOSIT), THEN THE DEPOSIT
DESCRIBED IN THIS AGREEMENT, INCLUDING ANY INTEREST EARNED THEREON, SHALL BE RETAINED BY SELLER AS LIQUIDATED AND AGREED-UPON DAMAGES AND AS SELLER'S SOLE AND EXCLUSIVE REMEDY. SELLER AND
BUYER ACKNOWLEDGE THAT THEY HAVE MUTUALLY DISCUSSED THE IMPRACTICABILITY AND EXTREME DIFFICULTY OF FIXING THE ACTUAL DAMAGES TO SELLER IN THE EVENT OF DEFAULT BY BUYER AND THAT AS A RESULT OF SUCH
DISCUSSION, THE PARTIES AGREE THAT SAID SUM REPRESENTS A REASONABLE ESTIMATE OF THE ACTUAL DAMAGES WHICH SELLER WOULD INCUR IN THE CASE OF DEFAULT BY BUYER. BUYER FURTHER STIPULATES AND AGREES THAT
THIS PROVISION IS NOT UNREASONABLE UNDER THE CIRCUMSTANCES EXISTING AT THE TIME THIS AGREEMENT IS EXECUTED, AND IN SO STIPULATING, BUYER ACKNOWLEDGES THAT IT IS HEREBY WAIVING ANY RIGHT TO CONTEST OR
INVALIDATE THIS PROVISION PURSUANT TO ANY PROVISION OF LAW. BY SIGNING ON THE SPACES WHICH FOLLOW, SELLER AND BUYER SPECIFICALLY AND EXPRESSLY AGREE TO ABIDE BY THE TERMS AND PROVISIONS OF THIS
SECTION 14 CONCERNING LIQUIDATED DAMAGES. IN PLACING THEIR INITIALS IN THE SPACES 

7

 

PROVIDED
BELOW, THE PARTIES CONFIRM THAT THEY HAVE READ, UNDERSTAND AND AGREE TO THIS PROVISION. 

	SELLER INITIALS:	 	 	 	BUYER INITIALS:	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	
	 	 	 	
	 	 

        15.   Representations
and Warranties of Seller.    Seller represents and warrants to Buyer based upon the actual knowledge of Seller's
shareholders that: 

        a.     Seller
is a corporation duly organized, validly existing and in good standing under the laws of the State of California, has all necessary corporate powers to own the ABC
License and operate the Business as now owned and operated by it. 

        b.     Seller
is the sole owner of, and has good and marketable title in and to, the ABC License. On the Closing Date, the ABC License shall be free and clear of restrictions on
or conditions to transfer or assignment (except those restrictions on transfer or assignment that are imposed generally by Applicable Law and not as a result of any act or omission by Seller), and
free and clear of all mortgages, leases, liens, charges, encumbrances, liabilities, obligations and debts, known and unknown, whether absolute, contingent, accrued or otherwise. 

        c.     Seller
is operating the Business in compliance with Applicable Law. There is no pending or threatened suit, action, arbitration or legal, administrative or other
proceeding against or affecting Seller or the ABC License. Seller is not in default with respect to any order, writ, injunction or decree of any Governmental Authority. 

        d.     The
consummation of the transactions contemplated by this Agreement will not result in or constitute any of the following: (i) a default or an event that, with
notice or the lapse of time, or both, would be a default, breach or violation of the articles of incorporation or bylaws of Seller or any lease, license or other agreement, instrument or arrangement
to which Seller is a party or by which Seller or the ABC License are bound; or (ii) the creation or imposition of any lien, charge or encumbrance on any of the ABC License. 

        e.     Seller
has the right, power and authority to enter into and perform its obligations under this Agreement, and, except for the approval of the ABC, no approvals or
consents of any person are necessary in connection therewith. The execution and delivery of this Agreement and performance of the transactions contemplated hereby have been duly authorized by all
necessary corporate action on the part of Seller. 

        f.      Seller
has not (i) made a general assignment for the benefit of creditors, (ii) filed any voluntary petition in bankruptcy or suffered the filing of an
involuntary petition by Seller's creditors, (iii) suffered the appointment of a receiver to take possession of the ABC License, (iv) suffered the attachment or other judicial seizure of
the ABC License, (v) admitted in writing its inability to pay its debts as they come due, or (vi) made an offer of settlement, extension or composition to Seller's creditors generally. 

        g.     Seller
is not in violation of Applicable Law with respect to the ABC License and is not aware of any reason why the ABC should deny the application for transfer of the
ABC License from Seller to Buyer or the issuance of a Temporary Permit. 

        h.     Seller
is not indebted for taxes or other liabilities listed in California Business and Professions Code Paragraph 24049 in an aggregate amount exceeding the
Purchase Price. 

8

 

        i.      Before
the Closing, Seller shall provide Buyer with all information and materials concerning the Business of ABC License that Buyer may need in order to respond to
requests for information from the ABC License from Seller to Buyer or the issuance of a Temporary Permit. 

        j.      None
of the representations and warranties made by Seller contains any untrue statement of a material fact, or omits to state a material fact necessary to make the
statements made, in light of the circumstances under which they were made, not misleading. 

        16.   Representations
and Warranties of Buyer.    Buyer hereby represents and warrants to Seller that: 

        a.     Buyer
is a corporation duly organized, existing and in good standing under the laws of the State of Delaware. The execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby by Buyer have been duly authorized. 

        b.     Buyer
has the right, power and authority to enter into and perform its obligations under this Agreement, and no approvals or consents of any person are necessary in
connection therewith. 

        c.     To
Buyer's knowledge, no Governmental Authority has convicted or accused Buyer of violating Applicable Law with respect to the issuance of an ABC License and Buyer is not
aware of any reason why the ABC should deny the application for transfer of the ABC License from Seller to Buyer or the issuance of a Temporary Permit. 

        d.     Buyer
has never been convicted of a felony. 

        e.     None
of the representations and warranties made by Buyer contains any untrue statement of a material fact, or omits to state a material fact necessary to make the
statements made, in light of the circumstances under which they were made, not misleading. 

        17.   No
Representations.    Buyer represents to Seller that Buyer is not purchasing the ABC License as a result of any representations
made by Seller or by any agent of Seller that are not incorporated into this Agreement. Buyer hereby expressly waives any and all claims for damages or for rescission or cancellation of this Agreement
due to any representations made by Seller or any agent of Seller other than the representations contained in this Agreement. 

        18.   Dispute
Resolution. 

        a.     Except
for an action seeking Provisional Remedies, which the parties agree shall brought in the Superior Court of California for the County of Santa Clara unless the
subject matter of the dispute arises exclusively under federal law, in which event the dispute shall be submitted to the United States District Court for the Northern District of California,
the parties agree to submit all other disputes arising under this Agreement to binding arbitration conducted in accordance with the Commercial Arbitration Rules of JAMS. The rights of discovery shall
be pursuant to the California Code of Civil Procedure. The venue for any arbitration shall be in San Jose, California. Judgment on any arbitration award may be entered in any court having
jurisdiction. 

        b.     If
Buyer or Seller brings any legal action or seeks arbitration regarding any provision of this Agreement, the prevailing party in the litigation or arbitration shall be
entitled to recover its reasonable attorneys' fees from the other party in addition to any other relief that may be granted. 

        c.     Buyer
and Seller each represent that it was represented by an attorney in the negotiation and execution of this Agreement. 

        19.   Miscellaneous.

        a.     This
Agreement, together with the attachments and provisions incorporated by reference, constitutes the entire agreement between Buyer and Seller concerning their rights
and obligations with respect to the sale and transfer of the ABC License and supersedes all prior and 

9

 

contemporaneous
agreements, representations, and understandings of the parties. No supplement, modification, or amendment of this Agreement shall be binding unless executed in writing by both Buyer
and Seller. No waiver of any of the provisions of this Agreement shall be deemed, or shall constitute, a waiver of any other provision, whether or not similar, nor shall any waiver constitute a
continuing waiver. No waiver shall be binding unless the scope of the waiver is set forth in a writing which is executed by the party making the waiver. 

        b.     This
Agreement shall not be amended or modified at any time with respect to any provision except in writing executed by Buyer and Seller. 

        c.     Any
notice required or permitted to be given under this Agreement shall be written, and may be given by personal delivery or by registered or certified mail, first-class
postage prepaid, return receipt requested. Notice shall be deemed given upon actual receipt in the case of personal delivery, or four (4) Business Days after the day the writing is deposited in
the United States mail, addressed to the party in accordance with this Agreement and sent in the manner required by this Agreement. Mailed notices shall be addressed to Buyer and Seller as set
forth in Exhibit A, but each party may change address by written notice in accordance with this Section. 

        d.     Neither
Buyer nor Seller shall assign its rights or obligations under this Agreement without the prior written consent of the other. 

        e.     This
Agreement shall be binding on and shall inure to the benefit of the heirs, executors, administrators, successors, and assigns of Buyer and Seller. 

        f.      This
Agreement shall be governed by and construed in accordance with the laws of the State of California. 

        g.     All
representations, warranties, covenants and agreements shall survive the Closing. 

        h.     Buyer
and Seller each agree to perform any further acts, and to execute and deliver any documents or instruments, which may reasonably be necessary to carry out the
intention of this Agreement. 

        i.      This
Agreement may be executed in one or more counterparts and when executed by each of the parties signatory hereto, said counterparts shall constitute a single valid
instrument. 

Remainder of page intentionally left blank.

Signatures on following page.

10

        IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date. 

	"Seller"

MIYAKE FOODS, INC.

a California corporation	 	"Buyer"

UWINK CALIFORNIA, INC.

a Delaware corporation	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:
 Its Authorized Representative	 	By:
 Its Authorized Representative	 	 

SIGNATURE
PAGE TO ALCOHOLIC BEVERAGE ASSETS SALE AGREEMENT 

 
 

EXHIBITS  

Exhibit A
— Address for Notices 

Exhibit A

Address for Notices 

	To Buyer
 
	 	To Seller
 

	UWink California, Inc.

16106 Hart Street

Van Nuys, California 91406-3903

Attention Mr. Peter Wilkniss

Telephone: 818/909-6030

Fax: (818) 909-6070

e-mail: peter.wilkniss@uwink.com	 	Yukio Iwamoto

Miyake Foods, Inc.

140 University Ave.

Palo Alto, CA 94301

	 	 	 
	With a copy to
	 	With a copy to

	Rochelle B. Spandorf, Esq.

Sonnenschein Nath & Rosenthal LLP

601 South Figueroa Street, Suite 2500

Los Angeles, CA 90017	 	Stephen D. Pahl

Pahl & McCay

225 West Santa Clara Street, Suite 1500

San Jose, California 95113

 
 

ESCROW HOLDER ACKNOWLEDGMENT    
    

        The undersigned, on behalf of HERITAGE BANK OF COMMERCE, hereby acknowledges receipt of that certain Alcoholic Beverage Assets Sale Agreement dated as of
                                    , 2007, by and between MIYAKE
FOODS, INC., a California corporation ("Seller") and UWINK CALIFORNIA, INC., a Delaware corporation ("Buyer"), and agrees to act as the ABC
Escrow Holder in accordance with the terms thereof. 

	Date:	
	 	, 2007	 	 	 
	 	 	 	 	 	"Escrow Holder":
	 	 	 	 	 	 	 
	 	 	 	 	 	HERITAGE BANK OF COMMERCE
	 	 	 	 	 	 	 
	 	 	 	 	 	By:	

	 	 	 	 	 	 	 
	 	 	 	 	 	 	

	 	 	 	 	 	 	Print Name and Title

ESCROW
ACKNOWLEDGEMENT TO ALCOHOLIC BEVERAGE ASSETS SALE AGREEMENT 

QuickLinks

Exhibit 10.28

ALCOHOLIC BEVERAGE ASSETS SALE AGREEMENT

ALCOHOLIC BEVERAGE ASSETS SALE AGREEMENT

EXHIBITS

ESCROW HOLDER ACKNOWLEDGMENT

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