Document:

<PAGE>   1

                                                                   EXHIBIT 10.44

                              CKE RESTAURANTS, INC.
                                  JULY 23, 2001
             NON-EMPLOYEE DIRECTOR LOAN AND STOCK PURCHASE AGREEMENT

        THIS NON-EMPLOYEE DIRECTOR LOAN AND STOCK PURCHASE AGREEMENT (as
amended, supplemented or modified from time to time, the "Loan Agreement") is
dated as of ___________, 2001 and is between (the "Participant") and CKE
RESTAURANTS, INC., a Delaware corporation (the "Company").

        This Loan Agreement is made pursuant to the CKE Restaurants, Inc.
Non-Employee Director Stock Purchase Loan Plan (the "Plan"). All terms not
otherwise defined herein shall have the meanings given such terms in the Plan.
Accordingly, the parties hereto agree as follows:

        SECTION 1. PURCHASE AND LOAN.

                (a) The Participant agrees, on the terms and conditions set
forth in this Loan Agreement, to purchase Company Common Stock as provided in
his or her Election To Participate And Power of Attorney. The Loan is for the
purpose of the Participant's acquiring shares of Company Stock ("Shares").

                (b) The Company agrees, on the terms and conditions set forth in
this Loan Agreement, to make a loan (the "Loan") to the Participant under the
Plan. The loan shall be evidenced by, and repayable in accordance with, a single
promissory note in the form of Exhibit A hereto (the "Note").

        SECTION 2. PARTICIPANT REPRESENTATIONS. The Participant warrants to the
Company as follows:

                (a) This Loan Agreement constitutes a valid and binding
agreement of the Participant, enforceable against the Participant in accordance
with its terms, except as (i) the enforceability hereof may be limited by
bankruptcy, insolvency or similar laws affecting creditors' rights generally and
(ii) the availability of equitable remedies may be limited by equitable
principles of general applicability.

                (b) The Participant is aware of his or her responsibilities
under federal and state securities laws and will cooperate with the Company and
the broker-dealer designated by the Company to act as purchasing agent pursuant
to the Plan, to take reasonable steps to ensure compliance therewith at all
times.

        SECTION 3. EVENTS OF DEFAULT.

                (a) For purposes of this Loan Agreement, each of the following
events shall constitute an Event of Default:

                        (i) the Participant shall be in default under the terms
of the Note, or

                        (ii) the Participant shall fail to observe or perform
any covenant or agreement contained in this Loan Agreement for ten days after
written notice thereof has been given to the Participant by the Company.

                                      -1-
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                (b) Upon the occurrence of an Event of Default, the Company
shall have the rights and remedies set forth in the Note. The rights and
remedies provided herein and in the Note shall be cumulative and not exclusive
of any rights or remedies provided by law.

        SECTION 4. MISCELLANEOUS.

                (a) No failure or delay by the Company in exercising any right,
power or privilege under this Loan Agreement shall operate as a waiver thereof,
nor shall any single or partial exercise thereof preclude any other or further
exercise thereof or the exercise of any other right, power or privilege.

                (b) This Loan Agreement may be amended only in a writing signed
by the Participant and the Company. Any waiver must be in a writing signed by
the waiving party.

                (c) The provisions of this Loan Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns. This Loan Agreement is for the benefit of the Company and its
successors and assigns. This Loan Agreement shall not be transferable by the
Participant except by will, by the laws of descent and distribution or pursuant
to a qualified domestic relations order.

                (d) If any provision hereof is invalid and unenforceable in any
jurisdiction, then, to the fullest extent permitted by law, (i) the other
provisions hereof shall remain in full force and effect in such jurisdiction and
shall be liberally construed in favor of the Company in order to carry out the
intentions of the parties hereto as nearly as may be possible, and (ii) the
invalidity or unenforceability of any provision hereof in any jurisdiction shall
not affect the validity or enforceability of such provision in any other
jurisdiction.

                                      -2-
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        SECTION 5. GOVERNING LAW. This Loan Agreement shall be governed by and
construed in accordance with the laws of the State of Delaware, without
application of Delaware conflict of law rules.

        IN WITNESS WHEREOF, the parties hereto have caused this Non-Employee
Director Loan and Stock Purchase Agreement to be duly executed as of the day and
year first above written.

                                       PARTICIPANT:

                                       -----------------------------------------
                                                     (Signature)

                                       Print Name:
                                                  ------------------------------
                                       Title:
                                             -----------------------------------

                                       CKE RESTAURANTS, INC.

                                       By:
                                          --------------------------------------
                                          E. Michael Murphy
                                          Executive Vice President, General
                                          Counsel and Secretary

                                      -3-<PAGE>   1

                                                                   EXHIBIT 10.45

                            STOCK PURCHASE AGREEMENT

                                 BY AND BETWEEN

                     THE PURCHASERS SET FORTH ON EXHIBIT A,

                      SANTA BARBARA RESTAURANT GROUP, INC.,

                                       AND

                              CKE RESTAURANTS, INC.

                               FOR THE PURCHASE OF

             189,900 SHARES OF COMMON STOCK OF CKE RESTAURANTS, INC.

                             DATED AUGUST 20TH, 2001

<PAGE>   2

        THIS STOCK PURCHASE AGREEMENT (the "Agreement") is entered into as of
August ___, 2001 (the "Effective Date"), by and between the Purchasers set forth
on Exhibit A hereto (each, a "Purchaser"), Santa Barbara Restaurant Group, Inc.,
a Delaware corporation ("SBRG"), and CKE Restaurants, Inc., a Delaware
corporation ("CKE").

                                    RECITALS

        A. SBRG beneficially owns 189,900 shares of common stock, par value
$0.01, of CKE (the "Shares").

        B. Each of the Purchasers is a participant in CKE's Employee, or
Non-Employee Director, Stock Purchase Loan Plan (as applicable, the "Plan"),
pursuant to which CKE provided loans to certain officers and directors of CKE
for the purpose of purchasing shares of CKE common stock.

        C. CKE desires to provide loans to each Purchaser in the amounts set
forth opposite such Purchaser's name on Exhibit A, for the purpose of purchasing
the number of Shares set forth opposite such Purchaser's name on Exhibit A.

        D. SBRG desires to sell to the Purchasers, and each of the Purchasers
desires to purchase from SBRG, the number of Shares set forth opposite such
Purchaser's name on Exhibit A, pursuant to the terms and conditions hereunder.

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

                                    AGREEMENT

        1. Purchase and Sale. Subject to the terms and conditions of this
Agreement and the Plan, Purchaser hereby purchases from SBRG, and SBRG hereby
sells to Purchaser, the number of Shares set forth opposite Purchaser's name on
Exhibit A hereto at a purchase price of Five Dollars and Seventy-Two Cents
($5.72) per share. Concurrently herewith, CKE is delivering to SBRG an aggregate
of $1,086,228.00 for the purchase of all of the Shares on behalf of the
Purchasers, and SBRG is delivering to CKE on behalf of the Purchasers
certificates evidencing the Shares, duly endorsed for transfer, receipts for
which are hereby acknowledged.

        2. Election to Participate. Purchaser hereby agrees to borrow from CKE
the amount set forth opposite such Purchaser's name on Exhibit A hereto, and to
enter into a promissory note for such amount in the form attached hereto as
Exhibit B, pursuant to the terms of the Plan.

        3. Representations and Warranties of SBRG. SBRG makes the following
representations and warranties:

                3.1 Authorization. SBRG has full power and authority to enter
into this Agreement, and this Agreement has been duly authorized by all
requisite corporate action of SBRG and will not result in a breach, acceleration
or violation of any agreement to which SBRG is a party or is otherwise bound.
This Agreement will constitute the valid and legally binding obligation of SBRG,
enforceable against SBRG in accordance with its terms except (i) as limited by
applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of
general application affecting enforcement of creditors' rights generally and
(ii) as limited by laws relating to the availability of

<PAGE>   3

specific performance, injunctive relief, or other equitable remedies. SBRG has
received all consents, approvals, orders waivers and authorizations, and has
provided all notices, which are necessary in connection with the valid execution
and delivery of this Agreement and the sale of the Shares.

                        (a) The Shares are validly issued and are fully paid and
nonassessable.

                        (b) SBRG holds of record and beneficially owns the
Shares free and clear of all liens, charges, claims, encumbrances, warrants,
security interests, equities, restrictions on transfer, right of first refusal,
preemptive rights or other defects in title of any kind or description
(collectively, "Encumbrances"), and is offering, selling and transferring the
Shares free and clear of Encumbrances, other than such restrictions imposed by
this Agreement and under applicable state and federal securities laws. There is
no action, suit, claim, investigation or proceeding, whether at law or in
equity, against SBRG or claim or counter-claim initiated by SBRG, that is
pending, or to SBRG's knowledge, threatened (collectively, "Proceedings"), that
could reasonably be expected to affect adversely SBRG's ownership and sale of
the Shares free and clear of Encumbrances, or to otherwise perform any of its
obligations hereunder.

                        (c) SBRG is not a party to any option, warrant, purchase
right, or other contract or commitment that could require it to sell, transfer,
or otherwise dispose of any capital stock of CKE (other than this Agreement).
SBRG is not a party to any voting trust, proxy, or other agreement or
understanding with respect to the voting of any capital stock of CKE, including,
without limitation, the Shares.

        4. Purchaser Investment Representations. Each Purchaser makes the
following representations and warranties:

                4.1 Purchaser understands that the Shares are not registered
under the Securities Act and are not qualified or registered under Blue Sky Laws
pursuant to exemptions from registration or qualification contained in the
Securities Act and in the Blue Sky Laws. Purchaser understands that the Shares
must be held indefinitely unless subsequently registered or qualified under the
Securities Act and under the Blue Sky Laws unless exemptions from the
registration or qualification requirements under the Securities Act and under
the Blue Sky Laws are available in connection with any proposed transfer of the
Shares by Purchaser.

                4.2 Purchaser agrees that none of the Shares, nor any interest
in such shares, will be resold or otherwise transferred by Purchaser without
registration or qualification under the Securities Act and the Blue Sky Laws
unless exemptions from such registration or qualification requirements are
available.

                4.3 Purchaser is aware of CKE's business affairs and financial
condition and has acquired sufficient information about CKE to reach an informed
and knowledgeable decision regarding the merits and risks of investing in the
Shares. Purchaser has had ample opportunity to review information regarding CKE
and to ask questions of CKE and its representatives and to seek independent
investment, tax, and legal advice prior to investing in the Shares.

                4.4 The Shares are being acquired for private investment for
Purchaser's own account and not with a view to or for sale in connection with
any distribution of such shares.

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<PAGE>   4

                4.5 The sale of the Shares to Purchaser was not accompanied by
the publication of any written or printed communication or any communication by
means of recorded telephone messages or spoken on radio, television, or similar
communications media.

                4.6 Purchaser is an "Accredited Investor" as defined under
Section 501(a) of the Securities Act.

                4.7 Purchaser acknowledges that the certificates representing
the Shares will bear the legends set forth herein:

        THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
        UNDER THE SECURITIES ACT OF 1933; THEY HAVE BEEN ACQUIRED BY THE HOLDER
        FOR INVESTMENT AND MAY NOT BE PLEDGED, HYPOTHECATED, SOLD, TRANSFERRED
        OR OTHERWISE DISPOSED OF EXCEPT AS MAY BE AUTHORIZED UNDER THE
        SECURITIES ACT OF 1933, AND THE RULES AND REGULATIONS PROMULGATED
        THEREUNDER.

                4.8 Purchaser understands that the Shares constitute "restricted
securities" for the purposes of Rule 144 promulgated under the Securities Act.

                4.9 Purchaser understands that SBRG will rely upon the foregoing
for the purposes of transferring the Shares hereunder. Purchaser hereby agrees
to indemnify SBRG and its respective officers, directors, agents, and counsel
and hold them harmless from and against any and all damages suffered and
liabilities incurred by them (including costs of investigation, defense, and
attorneys' fees) arising out of any breach by Purchaser of the agreements or
inaccuracy in the representations and warranties which Purchaser has made
herein.

        5. Representations and Warranties of CKE. CKE makes the following
representations and warranties:

                5.1 Authorization. CKE has full power and authority to enter
into this Agreement and make the loans to Purchasers, and such actions have been
duly authorized by all requisite corporate action of CKE and will not result in
a breach, acceleration or violation of any agreement to which CKE is a party or
is otherwise bound. This Agreement, when executed and delivered, will constitute
a valid and legally binding obligation of CKE, enforceable against CKE in
accordance with its terms except (i) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium, and other laws of general application
affecting enforcement of creditors' rights generally and (ii) as limited by laws
relating to the availability of specific performance, injunctive relief, or
other equitable remedies. CKE has received all consents, approvals, orders
waivers and authorizations, and has provided all notices, which are necessary in
connection with the valid execution and delivery of this Agreement and the
delivery of the purchase price on behalf of the Purchasers.

        6. Miscellaneous.

                6.1 Governing Law. This Agreement shall be governed by and
interpreted in accordance with the laws of the State of California, without
regard to its conflict of law principles.

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<PAGE>   5

                6.2 Binding Effect. This Agreement shall be binding upon and
shall inure to the benefit of the parties hereto and their respective successors
and assigns.

                6.3 Counterparts. This Agreement may be executed in
counterparts, each of which shall be deemed an original and all of which
together shall constitute one and the same document.

                6.4 Titles and Subtitles. The titles and subtitles used in this
Agreement are used for convenience only and are not to be considered in
construing or interpreting this Agreement.

                6.5 Notices. Unless otherwise provided, all notices and other
communications required or permitted under this Agreement shall be in writing
and shall be mailed by United States first-class mail, postage prepaid, sent by
facsimile or delivered personally by hand or by a courier addressed to the party
to be notified at the address or facsimile number below, or at such other
address or facsimile number as such party may designate by ten (10) days'
advance written notice to the other parties hereto.

                If to SBRG, to:     -----------------------------

                                    -----------------------------
                                    Attn:
                                         ------------------------

                with a copy to:     Stradling Yocca Carlson & Rauth
                                    660 Newport Center Dr., Suite 1600
                                    Newport Beach, California 92660
                                    Attn:  C. Craig Carlson, Esq.

                If to CKE, to:      401 W. Carl Karcher Way
                                    Anaheim, California 92801
                                    Attn: Michael Murphy

                6.6 Finder's Fees. Each party represents that it neither is nor
will be obligated for any finder's fee or commission in connection with this
transaction. Each party agrees to severally indemnify and to hold harmless the
other party from any liability for any commission or compensation in the nature
of a finder's fee (and the cost and expenses of defending against such liability
or asserted liability) for which such indemnifying party or any of its officers,
partners, employees, or representatives is responsible.

                6.7 Expenses. Each party shall pay its own costs and expenses
with respect to the negotiation, execution, delivery, and performance of this
Agreement.

                6.8 Attorneys' Fees. If any action at law or in equity is
necessary to enforce or interpret the terms of this Agreement, the prevailing
party shall be entitled to reasonable attorneys' fees, costs, and disbursements
in addition to any other relief to which such party may be entitled.

                6.9 Amendments and Waivers. Any term of this Agreement may be
amended and the observance of any term of this Agreement may be waived (either
generally or in a particular instance and either retroactively or
prospectively), only with the written consent of the parties hereto.

                                       4
<PAGE>   6

                6.10 Severability. If one or more provisions of this Agreement
are held to be unenforceable under applicable law, such provision shall be
excluded from this Agreement and the balance of the Agreement shall be
interpreted as if such provision were so excluded and shall be enforceable in
accordance with its terms.

                6.11 Dispute Resolution. If there arises a dispute between any
party to this Agreement and any other party to this Agreement regarding this
Agreement, those parties agree to negotiate in good faith to resolve the dispute
between them regarding this Agreement. If the negotiations do not resolve the
dispute to the reasonable satisfaction of both parties, then each party shall
nominate one partner, member or senior officer of the rank of Vice President or
higher as its representative. These representatives shall, within thirty (30)
days of a written request by either party to call such a meeting, meet in person
and alone (except for one assistant for each party) and shall attempt in good
faith to resolve the dispute. If the disputes cannot be resolved by such senior
managers in such meeting, the parties agree that they shall, if requested in
writing by either party, meet within thirty (30) days after such written
notification for one day with an impartial mediator and consider dispute
resolution alternatives other than litigation. If any alternative method of
dispute resolution is not agreed upon within thirty (30) days after the one day
mediation, either party may begin litigation proceedings. This procedure shall
be a prerequisite before taking any additional action hereunder.

                                       5
<PAGE>   7

        IN WITNESS THEREOF, the parties hereto have executed this Stock Purchase
Agreement as of the Effective Date.

SANTA BARBARA RESTAURANT GROUP, INC.,       CKE RESTAURANTS, INC.,
A DELAWARE CORPORATION                      A DELAWARE CORPORATION

By:                                         By:
    ------------------------------             ---------------------------------
Name:                                       Name:
      ----------------------------               -------------------------------
Title:                                      Title:
       ---------------------------                ------------------------------

PURCHASER

By:
   -------------------------------
Print Name:
           -----------------------

                                       6
<PAGE>   8

                                    EXHIBIT A

<TABLE>
<CAPTION>
NAME                                     NUMBER OF SHARES                     AMOUNT
----                                     ----------------                   ---------
<S>                                      <C>                                <C>
Bryon Allumbaugh                               6,126                        $  35,040
Peter Churm                                    6,126                           35,040
Carl L. Karcher                                6,126                           35,040
Daniel D. Lane                                 6,126                           35,040
Daniel E. Ponder, Jr.                          6,126                           35,040
Frank P. Willey                                6,126                           35,040
William P. Foley, II                          67,383                          385,434
Andrew F. Puzder                              67,383                          385,434
Carl N. Karcher                                6,126                           35,040
E. Michael Murphy                              6,126                           35,040
Dennis J. Lacey                                6,126                           35,040
</TABLE>

                                      A-1
<PAGE>   9

                                    EXHIBIT B

                             FORM OF PROMISSORY NOTE

                                 [See Attached]

                                      B-1

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