Document:

exv10w26

 

Exhibit 10.26

LEAVE & LICENSE AGREEMENT 

THIS LEAVE AND LICENSE AGREEMENT is executed at Mumbai on this day, the 2nd of December,
2005

Between

Fitech Equipments (India) Private Limited, a company incorporated under the Companies Act, 1956
having its registered office at 4, Champaklal Udyog Bhavan, Sion (East), Mumbai — 400 022
(hereinafter called “the Licensor” which expression shall, unless repugnant to the context or
meaning thereof, mean and include its successors and assigns) on the One Part.

And

Thomas Weisel International Private Limited, also a company incorporated under the Companies Act,
1956 having its registered office at Peninsula Chambers, Peninsula Corporate Park, Ganpatrao Kadam
Marg, Lower Parel, Mumbai — 400 013 (hereinafter called “the Licensee” which expression shall,
unless repugnant to the context or meaning thereof, mean and include its successors and assigns) of
the Other Part.

WHEREAS:

	 	(a)	 	The Licensor is a shareholder of Free Press House Limited (“the Company”), a company
incorporated under the Companies Act, 1956 having its registered office at Free Press
House, Free Press Journal Marg, 215, Nariman Point, Mumbai — 400 021;
	 
	 	(b)	 	The Company is the owner of the building known as “Free Press House” situated at Free
Press Journal Marg, 215, Nariman Point, Mumbai — 400 021;

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	 	(c)	 	As such shareholder, the Licensor holds 6525 equity shares of Re.1/- each (fully
paid-up) under certificate Nos. 349, 375 & 276 transferred/endorsed by the Company;
	 
	 	(d)	 	As such shareholder, the Licensor is beneficially entitled to the use and occupation
of Commercial Unit No. 55 on the 5th floor of Free Press House together with
the right to use one open car park No. 6 in the compound of the building;
	 
	 	(e)	 	The Licensee has requested the Licensor to give on license the Commercial Unit (and
the right to use the one car park) from 1 December 2005 for a period of 36 (thirty six)
months;
	 
	 	(f)	 	Before signing this Agreement, the Licensor has obtained the permission/approval of
the Society dated November 8, 2005, to license the Unit to the Licensee, and given a copy
thereof to the Licensee. The Licensor has also given to the Licensee, copies of title
papers to the Unit/car parks (including share certificate, latest maintenance bill/receipt
raised by the Company, latest property taxes bill/receipt, approved 5th floor
plan, and Memorandum/Articles of Association of the Company).
	 
	 	(g)	 	Parties wish to reduce the terms of their license as under:-

NOW THIS AGREEMENT WITNESSES AS FOLLOWS:-

	 	1.	 	The Licensor hereby grants to the Licensee and the Licensee hereby accepts from the
Licensor, a bare non-transferable license to use and occupy Commercial Unit No. 55 on the
5th floor of the building known as “Free Press House” situated at Free Press
Journal Marg, 215, Nariman Point, Mumbai — 400 021 (more particularly described in
Schedule ‘A’ hereto) and called “Unit” for a period of 36 (thirty six) months commencing
from 1 December 2005 to 30 November 2008 (both days inclusive). The Licensor also hereby
permits the Licensee to use open car park No. 6 in the compound of the building for the
duration of the license.

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	 	2.	 	In consideration of this Agreement, the Licensee will pay to the Licensor a lump sum
monthly license fee of Rs. 4,07,825/- (Rupees Four Lakh, Seven Thousand, Eight Hundred &
Twenty Five only) as under:-
	 
	 	 	 	The Licensee will have a license free period for the first month of the license, that
is, for the month of December 2005.
For the period January 2006 to December 2006, the Licensee will pay the monthly license
fee to the Licensor in advance every month by the 10th of every month for
which it becomes due.
For the period January 2007 till the end of the license, the Licensee will pay the
monthly licensee fee quarterly in advance by the 10th of every quarter for
which it is due.
The Licensee will deduct appropriate tax at source from the aforesaid license fees and
provide to the Licensor a consolidated TDS certificate at the end of every year.
	 
	 	3.	 	Simultaneously with signing this Agreement, the Licensee has paid to the Licensor
interest free refundable security deposit of Rs.30,08,280/- (Rupees Thirty Lakh, Eight
Thousand, Two Hundred and Eighty only) by a cheque drawn in the name of the Licensor. The
Licensor acknowledges receipt. Subject to clause 9 below, the Licensor shall return the
deposit to the Licensee, without interest, on the expiry or earlier termination of this
license.
	 
	 	4.	 	Parties agree that -

	 	(a)	 	If the Licensee fails to remove itself and its belongings from the
Unit on the expiry or earlier termination of the license (the Licensor being able
and willing to refund the deposit), the Licensee will be liable to pay for each
day of default, liquidated damages of Rs.27,188/- (Rupees Twenty Seven Thousand,
One Hundred & Eighty Eight only) to the Licensor, without prejudice to all the
other rights under law of the Licensor;
	 
	 	(b)	 	If the Licensee is willing to remove itself and its belongings from
the Unit on the expiry or earlier termination of this license but the

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	 	 	 	Licensor, for any reason whatsoever, fails or is unable to refund the security
deposit, the Licensee shall be entitled to remain in occupation of the Unit
without paying any license fee or other charges until the Licensor refunds the
same together with interest at the rate of 12% per annum from the date of a
written demand made in that behalf. This right of the Licensee will be
without prejudice to such other rights as the law may provide to the Licensee.

	 	5.	 	The Licensee will use the Premises to conduct its business of financial services.

	 
	 	 	 	The Licensor agrees that the Licensee will be entitled to permit the Business Partners
of the Licensee to use any portion of the Unit; provided the Licensor shall first be
given prior written one month’s notice and a right to object to any Business Partner if
the occupancy by such Business Partner would have an adverse affect on the operations,
security or reputation of the Unit or Building. The Licensor undertakes to grant its
consent expeditiously and not to withhold it unreasonably. Any Business Partner
occupying a portion of the Unit shall confirm in writing to the Licensor that it will
promptly vacate the Unit and remove its belongings on termination of this License. For
the purpose of this sub-clause, Business Partners will mean and include entities
directly affiliated with the operations of the Licensee in Mumbai. The Licensee agrees
to indemnify, defend and hold the Licensor harmless from and against any claim that
such Business Partners are licensees of the Licensor, including without limitation,
provisions of Section 55 of the Maharashtra Rent Control Act, 1999. The provisions
contained in this paragraph shall not be deemed to be an assignment or a transfer of
this license to the Business Partners.
	 
	 	6.	 	Parties agree that there will be a lock-in period of 21 (twenty one) months from
December 2005. In other words, from 1 December 2005 to31 August 2007, the Licensee shall
not be able to terminate or cancel this license, except as provided below.

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	 	 	 	From 1 September 2007, the Licensee may at its option, terminate this license without
any reason by giving three months’ previous written notice to the Licensor.
	 
	 	 	 	Parties agree that, whether within or outside the lock-in period, the Licensee will be
able to terminate this license if the Licensor commits default under this Agreement or
an event of Force Majeure occurs. For the purpose of this sub-clause, Force Majeure
will include fire, tempest, earthquake, lightening, explosion, terrorist attack or any
other cause or event by reason of which the Unit becomes unfit for occupation or use as
an office. Instead, the Licensee may not terminate the license, but move out of the
Unit for a reasonable period to enable the Licensor to reinstate the Unit. For this
period (not exceeding 30 days), the Licensee will not be responsible to pay any license
fees or other costs to the Licensor.
	 
	 	 	 	Parties also agree that the Licensor will not be entitled to terminate this license for
the entire license period, unless the Licensee commits a breach under this Agreement.

	 	7.	 	The Licensee (including its employees, agents, clients, representatives and visitors)
will have full and free access to the Unit 7 days a week, 24 hours a day and 365 days
year, subject to the restrictions on the part of the Company for normal maintenance of
elevators, etc. The Licensor confirms that this right of full and free access to the
Licensee is and will be in consonance with the rules and regulations of the Company.
	 
	 	8.	 	The Licensor represents and warrants to the Licensee as under:-

	 	(a)	 	to regularly pay all existing and future outgoings including amounts
payable to the Company, maintenance charges, Municipal property taxes,
non-occupancy charges and such other costs, fees, taxes, premiums, and rates as
may be payable with respect to the Shares / Unit throughout the term of this
Agreement and keep the Licensee fully indemnified in that behalf;

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	 	(b)	 	to provide current electricity load through the electric meter for
the Unit. If the Licensee requires additional power, the Licensee shall be at
liberty to apply therefore to the Power Distribution Company. The Licensor
undertakes to assist the Licensee to obtain the additional power load at the cost
of the Licensee, and to sign necessary papers;
	 
	 	(c)	 	if the Licensor is able to obtain any additional car parking space
from the Company in the building compound, the Licensor undertakes to offer the
same to the Licensee on a mutually agreeable monthly fee;
	 
	 	(d)	 	to ensure that the Building Management of the building provide
adequate sewage connections to the toilets, pantry/kitchen facilities for the
Unit;
	 
	 	(e)	 	to ensure that the Licensee has access to shafts for all riser and
telecommunication cables to the premises;
	 
	 	(f)	 	to ensure that the Licensee receives continuous water supply to the
Unit in consonance with the rules and regulations of the Company/building;
	 
	 	(g)	 	that the Licensee shall be entitled to install their own
air-conditioning system in the Unit in consonance with the rules and regulations
of the Company;
	 
	 	(h)	 	that the Licensee will be entitled to renovate and improve the Unit
from inside and make all necessary non-structural alterations, additions and
removals (subject to local Municipal regulations) at their own cost with prior
written intimation to the Licensor. If necessary, Licensor will cooperate with the
Licensee to obtain the necessary permissions;

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	 	(i)	 	that the Licensee shall be entitled to bring in loose furniture,
fixtures, fittings and equipment into the Unit, use them for the license period,
and without causing any damage to the structure of the Unit to remove them on the
expiry or earlier termination of this license;
	 
	 	(j)	 	that the Licensee shall be entitled to have its own security
arrangement (personnel and equipment) to the Unit at its own cost in addition to
the building security, if any, already being provided by the Company ;
	 
	 	(k)	 	that only the Licensee and nobody else shall be permitted to display
its signage, name plate and logo on the outside of the Unit at 5th
floor lobby level adjacent to the entrance of the Unit. The Licensee will not be
required to pay any additional fee for such display;
	 
	 	(l)	 	that the Licensor shall ensure that the Licensee’s name plate/signage
(as provided by the Licensee or in consonance with the rules and regulations of
the Company/building) is also displayed in the building directory at the ground
floor lobby level of the building. The Licensee will not be required to pay any
additional fee for such display;
	 
	 	(m)	 	that the Licensee shall be entitled to use the address of the Unit on
its note papers, letterheads, communication materials, visiting cards, websites
and all other official correspondence and documents.

The provisions of the above clauses and its sub-clauses shall be subject to matters
beyond the reasonable control of the Licensor and shall also be subject to the building
rules and regulations of the Company as the same are currently in place or may be
subsequently amended.

	 	9.	 	The parties agree that the Licensee shall maintain the said unit in good order and
condition till the time it hands over quiet, vacant and peaceful

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	 	 	 	possession to the Licensor as provided herein. The Licensee shall however whilst
vacating and handing over the possession of the said Unit to the Licensor be at liberty
to remove its equipment, furniture, fixtures and fittings installed by it in the said
Unit without any interference from the Licensor provided however the Licensee does not
in any manner whatsoever damage the said Unit. Parties expressly agree that the
Licensee will be under no obligation whatsoever to reinstate the Unit in any manner at
the time of handing over its possession on the expiry or earlier termination of this
license.

	 	10.	 	The Licensee will regularly pay all charges for the electricity consumed by it in the
Unit on the basis of electricity meter installed for the Unit and keep the Licensor fully
indemnified in that behalf.
	 
	 	11.	 	The Licensee shall use the Unit with due care and caution and, at Licensee’s expense,
shall keep the same in good order and condition (reasonable wear and tear excepted).
	 
	 	12.	 	The Licensee undertakes to clear all telephone and other bills with respect to their
use in the Unit before handing over its possession to the Licensor on the expiry or
earlier termination of this Agreement; and keep the Licensor fully indemnified in that
behalf.
	 
	 	13.	 	Save as permitted by the Licensor under clause 5 above, the Licensee shall not be
entitled to assign the license or transfer the benefit of this Agreement to any other
person or party.
	 
	 	14.	 	Nothing recorded in the Agreement shall be construed by the Licensee as creating any
right, title, interest, easement, tenancy or sub-tenancy in favour of the Licensee in or
over the Unit. The Licensee confirms that it has received only a bare non-transferable
license and permissive right to use the Unit as aforesaid.

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	 	15.	 	If either Party commits a breach of its obligations under this Agreement, the other
Party shall be entitled to give a written notice of 30 (thirty) days asking the Party in
default to remedy the breach. On the last mentioned Party’s failure to do so, the
non-defaulting Party shall be entitled to terminate the license forthwith. On
termination, the Licensee will remove itself and its belongings from the Unit and handover
possession of the Unit to the Licensor and the Licensor will simultaneously refund to the
Licensee, the security deposit by a pay order drawn in the name of the Licensee and
payable in Mumbai, less any amounts necessary to remedy any default by the Licensee.
	 
	 	16.	 	The Licensor shall not be liable or responsible for any loss or injury that may be
caused as a result of any accident, theft, or riot or any other cause whatsoever to the
furniture, fittings, fixtures or equipment of the Licensee or to its visitors and
personnel.
	 
	 	17.	 	The Licensor hereby covenants to the Licensee -

	 	(a)	 	that it is a shareholder of the Company;
	 
	 	(b)	 	that as such shareholder, it is absolutely entitled to the use and
occupation of the Unit and car park No. 6;
	 
	 	(c)	 	that it has not created any mortgage (including equitable mortgage)
or charge or other encumbrance whatsoever in the shares or the Unit or both;
	 
	 	(d)	 	that on payment of the license fee, the Licensee will be entitled to
enjoy quiet and peaceful possession of the Unit and car park No. 6 during the term
of this Agreement;
	 
	 	(e)	 	that if at any time during the license, the use by the Licensee of
Unit and car parks is obstructed or hindered or otherwise adversely affected, the
Licensor will indemnify and keep indemnified the Licensee in that behalf.
	 
	 	(f)	 	that if the Licensor at any time during the license period proposes
to transfer its shares and the beneficial interest in the Unit, and car park No.
6, it shall do so with prior intimation to the Licensee of the proposed transfer
and subject to the right of the Licensee under this

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	 	 	 	Agreement. The Licensor shall ensure that the transferee of the shares / Unit
/ car park No. 6 acknowledge the license by writing specifically to the
Licensee and acknowledge the right of the Licensee to use the Unit/car parks
for the entire license period.

	 	18.	 	The Licensee will solely bear the stamp duty, registration charges payable on this
Agreement. Any other statutory charges payable with respect to the Licensor granting the
license under this Agreement will be shared and paid by both Parties equally.
	 
	 	19.	 	The Licensee will have the option to renew the license for a further period of up to
24 months, that is, from 1 December 2008 to 30 November 2010. The Licensee will intimate
to the Licensor in writing, its decision to renew before 30 September 2008. Parties will
at that time negotiate the terms and conditions on which the Licensor will renew the
license. If parties do renew the license, they will enter into a fresh Leave & License
Agreement, and stamp/register it in consonance with the law then in force.
	 
	 	20.	 	Any notice required to be given under this Agreement shall be deemed to be
sufficiently given if served by a registered post A.D.,/hand delivery at the addresses
given in the title to this Agreement.
	 
	 	21.	 	This Agreement shall be governed by the provisions of applicable prevailing statutes
in Mumbai, State of Maharashtra.
	 
	 	22.	 	This agreement shall be subject to the provisions of Section 55 of the Maharashtra
Rent Control Act, 1999.
	 
	 	23.	 	The original of this Agreement franked with the full stamp duty of Rs.30,200/- and
registered with the Sub-Registrar of Assurances will be retained by the Licensor and its
counterpart stamped with Rs.100/- will be retained by the Licensee.

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IN WITNESS WHEREOF, the Parties have signed this Agreement on 2nd December 2005.

SCHEDULE

Unit No. 55, 5th floor, Free Press House, 215, Free Press Journal Marg, Nariman Point,
Mumbai — 400 021 constructed on leasehold land bearing CS No. 1965 of Fort Division, being plot No.
215 of Backbay Reclamation Scheme, Block No. III at Nariman Point, Mumbai — 400 021 with one open
car parking spaces no. 6.

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Signed and delivered by the

	 	]	 	 	 	 
	 
	 	 	 	 	 	 
	wthinnamed Licensor

	 	]	 	 	 	 
	 
	 	 	 	 	 	 
	Fitech Equipment (India)

	 	]
	 	For Fitech Equipments (India) Pvt. Ltd.	 	 
	 

	 	 	 	/s/ Mithul Shah	 	 
	 

	 	 	 	 	 	 
	Private Limited

	 	]
	 	Director	 	 
	 
	 	 	 	 	 	 
	through its Authorized Signatory in

	 	]	 	 	 	 
	 
	 	 	 	 	 	 
	the presence of

	 	]	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	Signed and delivered by the

	 	]	 	 	 	 
	 
	 	 	 	 	 	 
	wthinnamed Licensee

	 	]	 	 	 	 
	 
	 	 	 	 	 	 
	Thomas Weisel International

	 	]
	 	For Thomas Weisel International Pvt. Ltd.	 	 
	 

	 	 	 	/s/ Praveen Chakravarty	 	 
	 

	 	 	 	 	 	 
	Private Limited

	 	]
	 	Authorized Signatory	 	 
	 
	 	 	 	 	 	 
	through its Authorized Signatory in

	 	]	 	 	 	 
	 
	 	 	 	 	 	 
	the presence of

	 	]	 	 	 	 

11

 

RECEIPT

Received from the Licensee under clause No. 3 above a sum of Rs. 30,08,280/- (Rupees Thirty Lacs,
Eight Thousand, Two Hundred and Eighty only) by Cheque/Pay Order No. 000034 dated 2nd Dec. ‘05
drawn on Citibank.

	 	 	 
	 

	 	We say received
	 
	 	 
	 

	 	For Fitech Equipments (India) Pvt. Ltd.
	 

	 	/s/ Mithul Shah
	 

	 	 
	 

	 	Director
	 
	 	 
	 

	 	Licensor

12

 

DATED THIS ____ DAY OF DECEMBER 2005

	 	 	 	 	 
	 

	 	FITECH EQUIPMENTS (INDIA)	 	 
	 

	 	PRIVATE LIMITED
	 	.. Licensor
	 
	 	 	 	 
	 

	 	                   AND	 	 
	 
	 	 	 	 
	 

	 	THOMAS WEISEL INTERNATIONAL	 	 
	 

	 	PRIVATE LIMITED
	 	.. Licensee

LEAVE & LICENSE AGREEMENT

M/s. Desai & Diwanji

Advocates, Solicitors & Notaries

DMY: 30.11.2005<PAGE>
                                  EXHIBIT 10(y)

                               AMENDMENT NO. 4 TO
              FIFTH AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT
                         DATED AS OF SEPTEMBER 22, 2003

     THIS AMENDMENT NO. 4 ("Amendment No. 4") dated as of March 29, 2005 between
MAX & ERMA'S RESTAURANTS, INC., a Delaware corporation (the "Company"), and
NATIONAL CITY BANK, as successor by merger to THE PROVIDENT BANK, an Ohio
banking corporation (the "Bank").

                                   WITNESSETH:

     WHEREAS, the Company and the Bank, parties to the Fifth Amended and
Restated Revolving Credit Agreement, dated as of September 22, 2003, as amended
by Amendment No.1 dated as of December 31, 2003, Amendment No. 2 dated as of May
17, 2004 and Amendment No. 3 dated as of December 17, 2004 (the "Agreement"),
have agreed to amend the Agreement by this Amendment No. 4 on the terms and
conditions hereinafter set forth. Terms not otherwise defined herein are used as
defined in the Agreement as amended hereby.

     NOW, THEREFORE, the Company and the Bank hereby agree as follows:

     Section 1. Amendment of the Agreement. The Agreement is, effective the date
hereof, hereby amended as follows:

     1.1. The parties acknowledge and agree that National City Bank is the
permitted successor and assign of The Provident Bank by virtue of its merger
with The Provident Bank, and that National City Bank shall be treated as the
"Bank" for all purposes under the Agreement and the Loan Documents.

     1.2. The Bank and the Company acknowledge and agree that, pursuant to
Section 1.1.4 of the Agreement, the "Term Loan Maturity Date" has been
automatically extended to March 1, 2007. Furthermore, the Bank and the Company
acknowledge and agree that, pursuant to Section 1.1.5(a) of the Agreement, the
"Revolving Credit Maturity Date" has been automatically extended to March 1,
2007.

     1.3. Exhibit C-7 attached hereto amends and restates in its entirety
Exhibit C-6.

     Section 2. Governing Law. This Amendment No. 4 shall be governed by and
construed in accordance with the laws of the State of Ohio.

     Section 3. Costs and Expenses. The Company hereby agree to pay on demand
all reasonable costs and expenses of the Bank in connection with the
preparation, execution and delivery of this Amendment No. 4 and the other
documents to be delivered in connection herewith, including, without limitation,
the reasonable fees and out-of-pocket expenses of counsel to the Bank with
respect thereto.

<PAGE>

     Section 4. Counterparts. This Amendment No. 4 may be executed in any number
of counterparts and by different parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which
when taken together shall constitute one and the same agreement.

     Section 5. Warrant of Attorney. The undersigned and all indorsers authorize
any attorney at law, including an attorney engaged by the holder, to appear in
any court of record in Columbus, Ohio, after the indebtedness evidenced hereby,
or any part thereof, becomes due and waive the issuance and service of process
and confess judgment against any one or more than one of the undersigned and all
indorsers in favor of the holder, for the amount then appearing due, together
with costs of suit and, thereupon, to release all errors and waive all rights of
appeal and stay of execution, but no such judgment or judgments against any one
of the undersigned shall be a bar to a subsequent judgment or judgments against
any one or more than one of such persons against whom judgment has not been
obtained hereon. The foregoing warrant of attorney shall survive any judgment;
and if any judgment be vacated for any reason, the holder hereof nevertheless
may thereafter use the foregoing warrant of attorney to obtain an additional
judgment or judgments against the undersigned and all indorsers or any one or
more of them. The undersigned and all indorsers hereby expressly waive any
conflict of interest that the holder's attorney may have in confessing such
judgment against such parties and expressly consent to the confessing attorney
receiving a legal fee from the holder for confessing such judgment against such
parties.

     Section 6. Conditions Precedent. Simultaneously with the execution hereof,
the Bank shall receive all of the following, each dated the date hereof, in form
and substance satisfactory to the Bank:

          6.1. The certificate of an officer of the Company certifying the
resolutions of the board of directors of the Company evidencing authorization of
the execution, delivery, and performance of this Amendment No. 4 and all
documents evidencing other necessary corporate action and governmental
approvals, if any, with respect to the Loan Documents, or the transactions
contemplated.

          6.2. Executed versions of Amendment No. 4.

          6.3. Payment of the amendment fee of $10,000 as required by Section
1.1.5(a) of the Agreement.

          6.4. Such other documents as the Bank may, in its reasonable
discretion, so require.

     Section 7. Reaffirmation of Representations and Warranties; No Defaults.
The Company hereby expressly acknowledges and confirms that the representations
and warranties of the Company set forth in Section 4 of the Agreement, as
amended, are true and accurate on this date with the same effect as if made on
and as of this date; that no financial condition or circumstance exists which
would inevitably result in the occurrence of an Event of Default under Section 7
of the Agreement; and that no event has occurred or no condition exists which
constitutes, or with the running of time or the giving of notice would
constitute an Event of Default under Section 7 of the Agreement.

<PAGE>

     Section 8. Reaffirmation of Documents. Except as herein expressly modified,
the parties hereto ratify and confirm all of the terms, conditions, warranties
and covenants of the Agreement, and all security agreements, pledge agreements,
mortgage deeds, assignments, subordination agreements, or other instruments or
documents executed in connection with the Agreement, including provisions for
the payment of the Notes pursuant to the terms of the Agreement. The parties
hereto agree that this Amendment No. 4 does not constitute the extinguishment of
any obligation or indebtedness previously incurred nor does it in any manner
affect or impair any security interest granted to the Bank, all of such security
interests to be continued in full force and effect until the indebtedness
described herein is fully satisfied.

          The parties have executed this Amendment No. 4 as of the date first
above written.

WARNING - BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT
TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU
WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT
FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR
RETURNED GOODS, FAULTY GOODS, FAILURE ON HIS PART TO COMPLY WITH THE AGREEMENT,
OR ANY OTHER CAUSE.

MAX & ERMA'S RESTAURANTS, INC.          THE PROVIDENT BANK

By: /s/ William C. Niegsch, Jr.         By: /s/ Douglas E. Houser
    ---------------------------------       ------------------------------------
Name: William C. Niegsch, Jr.           Name: Douglas E. Houser
Its: Chief Financial Officer            Its: Senior Vice President

Address for Notices:                    Address for Notices:

4849 Evanswood Drive                    155 East Broad Street
Columbus, OH 43229                      Columbus, OH 43215
Attn: William C. Niegsch, Jr.           Attention: Douglas E. Houser
Telephone No.: 614-431-5800             Telephone No.: 614-463-7454
                                        Telecopy No.: 614-463-6770

<PAGE>

                                   EXHIBIT C-7

                         MAX & ERMA'S RESTAURANTS, INC.
                           AT THE FOLLOWING LOCATIONS:

                              [BORROWER TO UPDATE]

<TABLE>
<CAPTION>
                             ADDRESS                                   COUNTY
                             -------                                   ------
<S>                                                                <C>
739 S. Third St., Columbus, Ohio 43206                             Franklin
1904 Lake Club Drive, Columbus, Ohio 43232                         Franklin
8901 Kingsridge Drive, Dayton, Ohio 45459                          Montgomery
8930 Wesleyan Road, Indianapolis, IN 46268                         Marion
4550 Kenny Road, Columbus, Ohio 43220                              Franklin
31205 Orchard Lake Road, Farmington Hills, MI 48334                Oakland
1275 E. Dublin-Granville Road, Columbus, Ohio 43229                Franklin
8817 US 31 South, Indianapolis, IN 46227                           Marion
630 Stanwix St., Pittsburgh, PA 15222                              Allegheny
37714 Six Mile Road, Livonia, MI 48152                             Wayne
411 Metro Place North, Dublin, Ohio 43017                          Franklin
5533 Walnut Street, Shadyside, PA 15232                            Allegheny
1910 Cochran Road, Pittsburgh, PA 15220                            Allegheny
250 Merrill Street, Birmingham, MI 48009                           Oakland
5899 East 86th Street, Indianapolis, IN 46250                      Marion
220 City Center Drive, Columbus, Ohio 43215                        Franklin
445 E. Eisenhower Blvd., Suite 1, Ann Arbor, MI 48108              Washtenaw
306 Rand Road, Arlington Heights, IL 60004                         Cook
3750 W. Market St., Fairlawn, Ohio 44333                           Summit
30105 Detroit Road, Westlake, Ohio 44115                           Cuyahoga
2739 Fairfield Commons, Beavercreek, OH 45431                      Greene
447 N. Milwaukee Ave., Vernon Hills, IL 60061                      Lake
7800 Montgomery Road, Kenwood, Ohio 45236                          Hamilton
27466 Novi Road, #B237, Novi, MI 48377                             Oakland
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                             ADDRESS                                   COUNTY
                             -------                                   ------
<S>                                                                <C>
3191 28th St., SE, Grand Rapids, MI 49508                          Kent
2020 W. 75th Street, Woodridge, Ill 60517                          DuPage
2475 Higgins Road, Hoffman Estates, IL 60195                       Cook
1317 Hamilton Road, Gahanna, OH 43230                              Franklin
8619 J.W. Clay Blvd., Charlotte, NC 28262                          Mecklenburg
6930 Miller Lane, Dayton, Ohio 45414                               Montgomery
936 Sheraton Drive, Mars, PA 16046                                 Allegheny
201 S. Bridewell Drive, Burr Ridge, IL 60521                       DuPage
33675 Solon Road, Solon, OH 44139                                  Cuyahoga
6420 Grand Avenue, Gurnee, IL 60031                                Lake
3030 Lakecrest Circle, Lexington, KY 40513                         Fayette
130 Andrew Drive, Pittsburgh, PA 15275                             Allegheny
2240 Canton Center North, Canton, MI 48187                         Wayne
1155 Mt. Vernon Highway, Atlanta, GA 30338                         Fulton
3040 Steve Reynolds Blvd., Duluth, GA 30095                        Gwinnett
1515 Polaris Parkway, Columbus, OH 43240                           Franklin
4279 Cemetery Road, Hilliard, OH 43026                             Franklin
1391 Arrowhead Drive, Maumee, OH 43537                             Lucas
28254 Diehl Road, Warrenville, IL 60555                            DuPage
1848 Alysheba Way, Lexington, KY 40509                             Fayette
7085 Engle Road, Middleburg Heights, OH 44130                      Cuyahoga
2740 Mosside Blvd, Monroeville, PA 15146                           Allegheny
2080 Interchange Road, Erie PA 16509                               Erie
9226 Schulze Drive, West Chester, OH 45069                         Butler
5792 Youngstown-Warren Road, Niles, OH 44446                       Trumbull
300 Monticello Avenue #156 (MacArthur Center), Norfolk, VA 23510   Norfolk
44899 Mound Road, Sterling Heights, MI 48314                       Macomb
2901 South Hurstbourne Parkway, Louisville, KY 40220               Jefferson
12195 North Meridian Street, Carmel, IN 46032                      Marion
7480 Sawmill Road, Dublin, OH 43016                                Franklin
900 Gamma Drive, Pittsburgh, PA 15238                              Allegheny
6051 Timber Ridge Drive, Prospect, KY 40059                        Jefferson
</TABLE>

<PAGE>

<TABLE>
<CAPTION>
                             ADDRESS                                   COUNTY
                             -------                                   ------
<S>                                                                <C>
8700 Sam Furr Road, Huntersville, NC 28078                         Mecklenburg
2631 Edmondson Road, Norwood, OH 45209                             Hamilton
3940 Rivertown Parkway SW, Grandville, MI 49418                    Kent
6260 Intech Commons Drive, Indianapolis, IN 46278                  Marion
4255 Baldwin Road, Auburn Hills, MI 48326                          Oakland
20506 North Rand Road, Deer Park, IL 60010                         Lake
178 Easton Town Center, Columbus, OH 43219                         Franklin
5150 William Flynn Highway, Gibsonia, PA 15044                     Allegheny
2515 Lake Lansing Road, Lansing, MI 48912                          Ingham
7890 Mentor Avenue, Mentor, OH 44060                               Lake
4093 Washington Road, McMurray, PA 15317                           Washington
122 North Adams Road, Rochester Hills, MI 48309                    Oakland
3921 Summit Plaza Drive, Louisville, KY 40241                      Jefferson
5020 Tiedeman Road, Brooklyn, OH 44144                             Cuyahoga
805 Eastgate North Drive, Cincinnati, OH 45245                     Clermont
8050 East Broad Street, Reynoldsburg, OH 43068                     Franklin
7050 W. Central Avenue, Toledo, OH 43617                           Lucas
6601 Newburgh Road, Westland, MI 48185                             Wayne
4512 Virginia Beach Blvd., Virginia Beach, VA 23462                Virginia Beach
790 N. State Street, Westerville, OH 43081                         Franklin
4320 Everhard Road, N.W., Canton, OH 44718                         Stark
1210 Levis Commons Blvd., Perrysburg, OH 43551                     Lucas
</TABLE>

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