Document:

Unassociated Document

    
      
        
        

      

      
        EXHIBIT 10.1

        
          

        

      

      
        
        

      

    

     

     

    INFINITY
      SETTLEMENT AGREEMENT

     

    This
      Agreement (the “Agreement”) made as of the 17th day of
      January,
      2008, by and between Infinity Capital Group, Inc., a Maryland corporation
      (“Infinity”) and Barry Wien and Frank Wien (jointly and severally referred to as
“Wien”), Infinity and Wien sometimes referred to as the “Parties”.

     

    RECITALS

     

    WHEREAS,
      the Parties have previously entered into other agreements and understandings
      (the “Previous Agreements”), to wit:

     

    
      	
               

            	
              ·

            	
              A
                Seven (7%) Percent Secured Convertible Promissory Note, dated November
                10,
                2004 (the “Infinity Note”);

            

    

     

    
      	
               

            	
              ·

            	
              An
                Escrow Agreement, dated November 10, 2004 (the “Escrow
                Agreement”);

            

    

     

    
      	
               

            	
              ·

            	
              A
                Security Agreement, dated November 10, 2004 (the “Security
                Agreement”);

            

    

     

    
      	
               

            	
              ·

            	
              Two
                amendments to the Infinity Note, dated March 30, 2005 and September
                30,
                2005, respectively (the Note Amendments”);
                and

            

    

     

    
      	
               

            	
              ·

            	
              A
                Debt Restructuring Agreement, dated September, 2005 (the “Debt
                Restructuring Agreement”).

            

    

     

    WHEREAS,
      the Parties wish to enter into this Agreement to settle and to discharge the
      obligations under the Previous Agreements.

     

    NOW,
      THEREFORE, in consideration of the foregoing recitals and mutual covenants
      and
      representations set forth below, the Parties agree, intending to be legally
      bound, as follows:

     

    
      	
               

            	
              1.

            	
              Payments
                to Wein.  In substitution and replacement for the
                obligations of Infinity in the Infinity Note and Note Amendments,
                Infinity
                hereby agrees to pay the sum of $125,000 to Wien.  Of this
                amount, $50,000 is being paid contemporaneously with the signing
                hereof,
                the receipt of which is hereby acknowledged, and Infinity will pay
                to Wien
                $50,000 on February 15, 2008 and $25,000 on March 15, 2008 (these
                two
                deferred payments referred to as the “Subsequent Payments”); provided,
                however, that if any Subsequent Payment is not timely made, the Subsequent
                Payments shall accrue interest on the unpaid principal balance thereof
                at
                the rate of 7% per annum and “Subsequent Payments” shall include any such
                interest.

            

    

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
               

            	
              2.

            	
              Issuance
                of Stock to Wein.

            

    

     

    
      	
            	
              (a)

            	
              Subject
                to the terms of this Agreement, Infinity agrees to issue to Wein
                100,000
                shares of its common stock (the “Common Stock”) contemporaneously with the
                signing hereof.

            

    

     

    
      	
            	
              (b)

            	
              Not
                by way of limitation, the issuance of the Common Stock is made in
                reliance
                on the representations and warranties of Wien set forth at paragraphs
                6
                (b) (iv), (v), (vi) and (vii), hereafter, and also subject to the
                compliance with the provisions at paragraph 7
                hereof.

            

    

     

    
      	
            	
              (c)

            	
              Additionally,
                immediately after SOS (as defined below) completes its first acquisition,
                merger or similar transaction, Infinity shall assign and transfer
                a number
                of shares to Wien so that Wien will hold 12.5% of the number of shares
                of
                common stock of SOS held by Infinity (including its officers, directors
                and employees), immediately after SOS completes such acquisition,
                merger
                or similar transaction.

            

    

     

    
      	
               

            	
              3.

            	
              Cancellation
                of Notes and Other Agreements.    Wien hereby
                forgives the payment by Infinity of the Infinity Note, as amended
                by the
                Note Amendments, which is hereby deemed to be fully paid and the
                obligations thereof satisfied, without reservation or
                condition.  All covenants and agreements within the Infinity
                Note, the Note Amendments and the Debt Restructuring Agreement,
                whatsoever, are hereby terminated and are without force or
                effect.

            

    

     

    
      	
               

            	
              4.

            	
              Security
                and Release of Security.

            

    

     

    
      	
               

            	
              (a)

            	
              As
                security for the payment of the Subsequent Payments, Infinity agrees
                to
                pledge 2,500,000 shares (the “Pledged Shares”) of the common stock of
                Satellite Organizing Solutions, Inc. (“SOS”), which common stock currently
                is the subject of the Security Agreement and Escrow
                Agreement.  In order to evidence the pledge of the Pledged
                Shares, Infinity agrees to execute, simultaneously herewith, the
                New
                Pledge Agreement (the “New Pledge Agreement”) attached hereto as Exhibit
                “A”.

            

    

     

    
      	
               

            	
              (b)

            	
              The
                Obligations (as defined in the Security Agreement), having been deemed
                satisfied by paragraph 3 hereof, the Security Agreement and the Security
                Interest (as defined in the Security Agreement) in the 2,500,000
                shares of
                common stock of SOS (which constitutes the Collateral in the Security
                Agreement and also will constitute the Pledged Shares under the New
                Pledge
                Agreement) are hereby terminated and shall have no further force
                or
                effect.  Wein shall deliver to Infinity all Uniform Commercial
                Code termination statements and similar documents, all fully-executed
                and
                in a condition ready for appropriate filing, and take such further
                actions, which Infinity shall then or thereafter reasonably request
                to
                evidence such termination of said Security Agreement and the Security
                Interest existing upon the
                Collateral.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (c)

            	
              The
                Amendment to the Escrow Agreement (the “Amendment to the Escrow
                Agreement”), attached hereto as Exhibit “B”, will be executed,
                simultaneously herewith, by the Parties and also by the Escrow Agent
                named
                therein.

            

    

     

    
      	
               

            	
              5.

            	
              Settlement
                and Release.  Subject to the terms of this Agreement, Wien,
                for himself and for each of Wien’s Associated Parties (as defined below),
                hereby generally, irrevocably, unconditionally and completely releases
                and
                forever discharges each of the Releasees (as defined below) from,
                and
                hereby irrevocably, unconditionally and completely waives and
                relinquishes, each of the Released Claims (as defined
                below).

            

    

     

    
      	
            	
              (a)

            	
              Definitions.  “Associated
                Parties” shall mean and include:  (i) Wien’s predecessors,
                successors, executors, administrators, heirs and estate; (ii) Wien’s past,
                present and future assigns, agents and representatives; (iii) each
                entity
                that Wien has the power to bind (by Wien’s acts or signature) or over
                which Wien directly or indirectly exercises control; and (iv) each
                entity of which Wien owns, directly or indirectly, at least 50% of
                the
                outstanding equity, beneficial, proprietary, ownership or voting
                interests.  “Releasees” shall mean and
                include:  (i) Infinity, (ii) each Affiliate (as
                defined below) of Infinity, and (iii) the successors and past,
                present and future assigns, directors, officers, employees, agents,
                attorneys and representatives of the respective persons and entities
                identified or otherwise referred to in clauses “(i)” and “(ii)” of this
                sentence. “Affiliates” shall mean subsidiaries, parents, shareholders,
                partners and joint venturers of Infinity and any entity or person
                who
                claims through any of them.  “Claims” shall mean and include all
                past, present and future disputes, claims, controversies, demands,
                rights,
                obligations, liabilities, actions and causes of action of every kind
                and
                nature, including (without limitation) any claim, right or cause
                of action
                based upon any breach of any express, implied, oral or written contract
                or
                agreement between Wien and Infinity such as, but not limited to,
                the
                Previous Agreements.  “Released Claims” shall mean and include
                each and every Claim that (i) Wien or any Associated Party of Wien
                may
                have had in the past, may now have or may have in the future against
                any
                of the Releasees, and (ii) has arisen or arises directly or indirectly
                out
                of, or relates directly or indirectly to, any circumstance, agreement,
                activity, action, omission, event or matter occurring or existing
                on or
                prior to the date of this Agreement (excluding only Wien’s rights under
                this Agreement).

            

    

     

    
      	
            	
              (b)

            	
              Wien
                also hereby waives the benefits of, and any rights Wien may have
                under,
                any statute or common law principle in any jurisdiction limiting
                the
                extent of any general release of Claims regarding those that are
                unknown
                or unsuspected at the time of execution of such
                release.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

     

    
      	
               

            	
              6.

            	
              Representations
                and Warranties.

            

    

     

    
      	
               

            	
              (a)

            	
              Infinity
                hereby represents and warrants to Wien as
                follows:

            

    

     

    
      	
               

            	
              (i)

            	
              Infinity
                has all requisite corporate power to execute and deliver this Agreement,
                the New Pledge Agreement and the Amendment to the Escrow Agreement
                (collectively sometimes referred to as the “New Agreements”), and further,
                to carry out and perform its obligations under the terms of the New
                Agreements.

            

    

     

    
      	
               

            	
              (ii)

            	
              All
                corporate action on the part of Infinity, its directors and its
                stockholders necessary for the authorization, execution, delivery
                and
                performance of the New Agreements by Infinity and the performance
                of their
                obligations thereunder, including the issuance and delivery of the
                Common
                Stock, has been taken or will be taken prior to the issuance of such
                securities.  All of the New Agreements, when executed and
                delivered by Infinity, shall constitute valid and binding obligations
                of
                Infinity enforceable in accordance with their terms, subject to laws
                of
                general application relating to bankruptcy, insolvency, the relief
                of
                debtors and, with respect to rights to indemnity, subject to federal
                and
                state securities laws.  The Common Stock, when issued in
                compliance with the provisions of this Agreement will be validly
                issued,
                fully paid and non-assessable and free of any liens or
                encumbrances.

            

    

     

    
      	
               

            	
              (iii)

            	
              All
                consents, approvals, orders, or authorizations of, or registrations,
                qualifications, designations, declarations, or filings with, any
                governmental authority, required on the part of Infinity in connection
                with the valid execution and delivery of the New Agreements, the
                offer,
                sale or issuance of the Common Stock or the consummation of any other
                transaction contemplated hereby shall have been obtained and will
                be
                effective as of the date hereof, except for notices required or permitted
                to be filed with certain state and federal securities commissions,
                which
                notices will be filed on a timely
                basis.

            

    

     

    
      	
               

            	
              (iv)

            	
              Assuming
                the accuracy of the representations and warranties of Wien contained
                herein, the offer, issue, and sale of the Common Stock are and will
                be
                exempt from the registration and prospectus delivery requirements
                of the
                Securities Act of 1933, as amended (the “1933 Act”), and have been
                registered or qualified (or are exempt from registration and
                qualification) under the registration, permit, or qualification
                requirements of all applicable state securities
                laws.

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
       

      
        	
                 

              	
                (b)

              	
                Wien
                  represents and warrants to Infinity
                  that:

              

      

       

    

    
      	
               

            	
              (i)

            	
              It
                has all necessary power and authority under all applicable provisions
                of
                law to execute and deliver this Agreement, the New Pledge Agreement
                and
                the Amendment to the Escrow Agreement and to carry out their
                provisions.  All action on Wien’s part required for the lawful
                execution and delivery of such agreements have been or will be effectively
                taken prior hereto.  Upon its execution and delivery, this
                Agreement, the New Pledge Agreement and the Amendment to the Escrow
                Agreement will be valid and binding obligations of Wien, enforceable
                in
                accordance with their terms, except (x) as limited by applicable
                bankruptcy, insolvency, reorganization, moratorium or other laws
                of
                general application affecting enforcement of creditors’ rights, and
                (y) as limited by general principles of equity that restrict the
                availability of equitable remedies.

            

    

     

    
      	
               

            	
              (ii)

            	
              It
                has the requisite power and authority to release, as provided herein,
                the
                security interest on the SOS shares of stock which was previously
                established by the Security
                Agreement.

            

    

     

    
      	
               

            	
              (iii)

            	
              It
                and the Escrow Agent have not assigned or transferred, or purported
                to
                assign or transfer, to any third person or entity any claim, right
                or
                cause of action relative to the Previous Agreements or otherwise
                released
                or contemplated to be released hereunder and also agrees to indemnify
                and
                hold Infinity harmless against any liability, loss, damage, cost
                or
                expense (including reasonable attorneys’ fees) arising out of any breach
                of this provision.

            

    

     

    
      	
               

            	
              (iv)

            	
              It
                is acquiring the Common Stock solely for its own account and beneficial
                interest for investment and not for sale or with a view to distribution
                of
                the Common Stock or any part thereof, has no present intention of
                selling
                (in connection with a distribution or otherwise), granting any
                participation in, or otherwise distributing the same, and does not
                presently have reason to anticipate a change in such
                intention.

            

    

     

    
      	
               

            	
              (v)

            	
              Without
                lessening or obviating the representations and warranties of Infinity,
                Wien hereby: (x) acknowledges that it has received all the information
                it
                has requested from Infinity and its Affiliates and considers necessary
                or
                appropriate for deciding whether to enter this Agreement, the New
                Pledge
                Agreement and the Amendment to the Escrow Agreement and to acquire
                the
                Common Stock; (y) represents that it has had an opportunity to ask
                questions and receive answers from Infinity and its Affiliates regarding
                the terms and conditions of the offering of the Common Stock and
                to obtain
                any additional information necessary to verify the accuracy of the
information
                given to Wien; and (z) further represents that it has such knowledge
                and
                experience in financial and business matters that it is capable of
                evaluating the merits and risk of this
                investment.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (vi)

            	
              Wien
                acknowledges that investment in the Common Stock involves a high
                degree of
                risk, and represents that it is able, without materially impairing
                its
                financial condition, to hold the Common Stock for an indefinite period
                of
                time and to suffer a complete loss of its
                investment.

            

    

     

    
      	
               

            	
              (vii)

            	
              Wien
                resides in the state or province identified in the address of Wien
                set
                forth on the signature page hereto.

            

    

     

    
      	
               

            	
              (c)

            	
              The
                Parties agree that all representations and warranties made by them
                within
                this Agreement shall survive the execution and performance of this
                Agreement.

            

    

     

    
      	
               

            	
              7.

            	
              Other
                provisions concerning the Common
                Stock.

            

    

     

    
      	
               

            	
              (a)

            	
              Without
                in any way limiting the representations and warranties of Wien regarding
                the Common Stock, as set forth above, Wien further agrees not to
                make any
                disposition (directly or indirectly) of all or any portion of the
                Common
                Stock unless and until:

            

    

     

    
      	
               

            	
              (i)

            	
              There
                is then in effect a Registration Statement under the 1933 Act covering
                such proposed disposition and such disposition is made in accordance
                with
                such Registration Statement; or

            

    

     

    
      	
               

            	
              (ii)

            	
              (A)
                the transferee has agreed in writing to be bound by the terms of
                this
                Agreement, (B) Wien shall have notified Infinity of the proposed
                disposition, (C) Wien shall have furnished Infinity with a detailed
                statement of the circumstances surrounding the proposed disposition,
                and
                (D) Wien shall have furnished Infinity with an opinion of counsel,
                reasonably satisfactory to Infinity, that such disposition will not
                require registration under the 1933 Act or any applicable state securities
                laws, provided that no such opinion shall be required for dispositions
                in
                compliance with Rule 144, except in extraordinary
                circumstances.

            

    

     

    
      	
               

            	
              (iii)

            	
              Notwithstanding
                the provisions of paragraphs (i) and (ii) above, no such registration
                statement or opinion of counsel shall be necessary for a transfer
                by Wien
                by gift, will or intestate succession to any spouse or lineal descendants
                or ancestors, if all transferees agree in writing to be subject to
                the
                terms hereof to the same extent as if they were Wiens
                hereunder.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (b)

            	
              Wien
                understands and agrees that all certificates evidencing the Common
                Stock
                to be issued to Wien may bear the following
                legend:

            

    

     

    
      	
               

            	
               

            	
              THESE
                SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
                AS
                AMENDED (THE “ACT”).  THEY MAY NOT BE
                SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF
                AN
                EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THE ACT
                OR AN
                OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
                IS
                NOT REQUIRED.

            

    

     

    
      	
               

            	
              (c)

            	
              Wien
                understands that the Common Stock has not been registered under the
                1933
                Act on the basis that no distribution or public offering of the stock
                of
                Infinity is to be effected.  Wien realizes that the basis for
                the exemption may not be present if, notwithstanding its representations,
                Wien has a present intention of acquiring the Common Stock for a
                fixed or
                determinable period in the future, selling (in connection with a
                distribution or otherwise), granting any participation in, or otherwise
                distributing the Common Stock.  Wien has no such present
                intention.

            

    

     

    
      	
               

            	
              (d)

            	
              Wien
                recognizes that the shares of Common Stock must be held indefinitely
                unless they are subsequently registered under the 1933 Act or an
                exemption
                from such registration is available.  Wien recognizes that
                Infinity has no obligation to register the Common Stock, or to comply
                with
                any exemption from such
                registration.

            

    

     

    
      	
               

            	
              (e)

            	
              Wien
                is aware that Common Stock may not be sold pursuant to Rule 144 adopted
                under the 1933 Act (“Rule 144”) unless certain conditions are met,
                including, among other things, the existence of a public market for
                the
                Common Stock, the availability of certain current public information
                about
                Infinity, the resale following the required holding period under
                Rule 144
                and the number of shares being sold during any three month period
                not
                exceeding specified limitations. Wien is aware that the conditions
                for
                resale set forth in Rule 144 have not been satisfied and that Infinity
                presently has no plans to satisfy these conditions in the foreseeable
                future.

            

    

     

    
      	
               

            	
              (f)

            	
              Wien
                represents and warrants that it is an “accredited investor” as such term
                is defined in Rule 501 under the Securities
                Act.

            

    

     

    
      	
               

            	
              (g)

            	
              Wien
                hereby agrees it shall not (directly or indirectly) sell, transfer,
                make
                any short sale of, grant any option for the purchase of, or enter
                into any
                hedging or similar transaction with the same economic effect as a
                sale,
                any common stock (or other securities) of the Company held by Wien
                (other
                than those included in a registration) for a period specified by
                the
                representative of the underwriters of common stock (or other securities)
                of the Company not to exceed
                one hundred eighty (180) days following the effective date of a
                registration statement of the Company filed under the 1933
                Act.

            

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              8.

            	
              Miscellaneous
                provisions.

            

    

     

    
      	
               

            	
              (a)

            	
              Entire
                Agreement; Drafting.

            

    

    
       

      
        	
                 

              	
                (i)

              	
                This
                  Agreement, together with the New Pledge Agreement and the Amendment
                  to the
                  Escrow Agreement, constitutes the entire and only agreements between
                  the
                  Parties with regard to the subject hereof and supersedes all proposals,
                  negotiations, and representations made or had prior to their execution
                  except to the extent that the same are specifically incorporated
                  herein.
                  Each Party has made such investigation of the facts pertaining
                  to this
                  Agreement and the New Agreements, and of all other matters pertaining
                  thereto, as it deems necessary.

              

      

       

      
        	
                 

              	
                (ii)

              	
                The
                  Parties cooperated in the drafting of the New Agreements and such
                  agreements represent fully negotiated agreements with respect to
                  which all
                  Parties have had the benefit of the advice of legal
                  counsel.

              

      

    

     

    
      	
               

            	
              (b)

            	
              Amendments
                and Waivers.  No modification or amendment of this Agreement
                or any of its provisions, or a waiver thereof, shall be binding upon
                the
                Party against whom enforcement of such modification or amendment
                is sought
                unless made in writing and signed by it in a similar manner as this
                Agreement.  No waiver of any breach of any provision of this
                Agreement shall be held to be a waiver of any other or subsequent
                breach,
                and the failure of a Party to enforce at any time any provision hereof
                shall not be deemed a waiver of any right of such Party to subsequently
                enforce such provision or any other provision
                hereof.

            

    

     

    
      	
               

            	
              (c)

            	
              Binding
                Clause.  This Agreement, and all covenants, releases and
                agreements of the Parties contained herein shall be binding upon
                and inure
                to the benefit of the respective successors and
                assigns.  Nothing in this Agreement, expressed or implied, is
                intended to confer upon any person, other than the Parties and their
                authorized assignees or their successors by operation of law, any
                rights
                or remedies under or by reason of this
                Agreement.

            

    

     

    
      	
               

            	
              (d)

            	
              Notices.  Any
                notice, communication, request, reply or advice (hereinafter severally
                and
                collectively called “Notice”) required or permitted to be given by any of
                the Parties to another by this Agreement must be in writing and delivered
                to the address set forth on the signature page hereof (or to such
                new
                address as provided by Notice thereof), and with copies to the counsel
                at
                the addresses shown on the signature page (or to such other counsel
                as the
                parties may designate by Notice to the other Parties).  All such
                Notices will be deemed effectively given the earlier of (i) when
                delivered personally, (ii) two business days after being delivered by
                facsimile or e-mail (with receipt of appropriate confirmation),
                (iii) two business days after being deposited with an overnight
                courier service of recognized standing or (iv) five days after being
                deposited in the U.S. mail, first class, certified, with postage
                prepaid.

            

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              (e)

            	
              Governing
                Law.  This Agreement shall be deemed to have been executed
                and delivered within the State of New York, and the rights and obligations
                of the parties hereto shall be construed, interpreted and enforced
                in
                accordance with, and governed by, the laws of the State of New
                York.

            

    

     

    
      	
               

            	
              (f)

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

            

    

     

    
      	
               

            	
              (g)

            	
              Further
                Assurances.  Each Party to this Agreement agrees to perform
                any further acts and execute and deliver any further documents that
                may be
                reasonably necessary to carry out the provisions and intent of this
                Agreement.

            

    

     

    
      	
               

            	
              (h)

            	
              Exhibits.  All
                Exhibits referred to in this Agreement and attached are incorporated
                herein the same as if set forth at length in this Agreement, and
                all terms
                having initially capitalized letters in the Agreement and in the
                Exhibits
                shall, unless specifically provided otherwise, have the same meaning
                and
                interpretation throughout.

            

    

     

    
      	
               

            	
              (i)

            	
              Expenses.  Each
                Party to this Agreement shall pay its own costs and expenses incurred
                in
                connection with the negotiation, execution, delivery and performance
                of
                this Agreement.

            

    

     

    
      	
               

            	
              (j)

            	
              Partial
                Invalidity.  If any part of this Agreement shall, for any
                reason, be found or held invalid or unenforceable by any court or
                governmental agency of competent jurisdiction, then so long as the
                economic or legal substance of the transactions contemplated hereby
                is not
                affected in any significant manner adverse to any Party, such invalidity
                or unenforceability shall not affect the remainder of this Agreement
                which
                shall survive and be construed as if such invalid or unenforceable
                part or
                portions had not been contained
                herein.

            

    

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

     

    IN
      WITNESS WHEREOF, the undersigned authorized representatives of the parties
      to
      this Agreement have affixed their signatures on the dates set forth
      below.

     

    
      
        	 INFINITY
                CAPITAL GROUP, INC.
	 
	 
	 By
                ____________________________
	 
	 Address:
	
                 80
                  Broad Street, 5th
                  Floor

              
	
                 New
                  York, NY 10004

              
	 
	 Counsel
                and address: 
	
                 Benchmark
                  Law Group PC

              
	
                 4445
                  Eastgate Mall, Suite 200

              
	
                 San
                  Diego, CA 92121

              
	
                 Attention:
                  Amit Singh, Esq.

              
	 
	 
	 Frank
                Wien
	 
	 _____________________________
	 
	 Address: 
	
                 3599
                  Admirals Way

              
	
                 Delray
                  Beach, FL 33483

              
	 
	 
	 Barry
                Wien
	 
	 ____________________________
	 
	 Address:
	
                 3
                  Horizon Rd., Apt. 1G

              
	
                  Fort
                  Lee, NJ 07024

              
	 
	 Counsel
                for Wien:
	 
	
                 Jeffrey
                  Marcus

              
	
                 Attorney
                  at Law

              
	
                 260
                  Madison Ave., 18th
                  Floor

              
	
                 New
                  York, NY 10016

              

      

    

     

     

     

     

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

     

    NEW
      PLEDGE AGREEMENT

     

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

        PLEDGE
          AGREEMENT

         

        This
          PLEDGE AGREEMENT is made as of the
          17th day
          of
          January, 2008, by Infinity Capital Group, Inc., a Maryland corporation
          (“Pledgor”), for the benefit of BARRY WIEN and FRANK WIEN (jointly and
          severally, “Pledgee” and, together with Pledgor, the “Parties”).

         

        BACKGROUND

         

        The
          Parties have executed a Settlement Agreement of even date herewith (the
          “Settlement Agreement”).

         

        As
          more
          fully set forth herein, Pledgor has pledged to Pledgee 2,500,000 shares
          of the
          common stock (the “Shares”) of Satellite Organizing Solutions, Inc., a Nevada
          corporation.

         

        This
          Agreement is made for the benefit of Pledgee to secure the payment of the
          Subsequent Payments (as defined in the Settlement Agreement) (the
“Liability”).

         

        AGREEMENT

         

        NOW,
          THEREFORE, in consideration of Pledgee settling certain prior transactions
          in
          the Settlement Agreement, Pledgor hereby covenants and agrees with Pledgee
          as
          follows:

         

        1.
          Pledge of Shares

         

            (a)To
          secure
          payment of the Liability, Pledgor hereby pledges, assigns, transfers and
          delivers to Pledgee a first lien on, and perfected security interest in,
          the
          following (all of which shall be referred to herein as the “Collateral”): (i)
          the Shares and all certificates representing the Shares; (ii) all proceeds
          of
          the sale of the Shares, or any part of the Shares; and (iii) all items
          identified as part of the Collateral in paragraph 3 hereof.

         

            (b) Pledgor
          hereby delivers to Pledgee the certificates representing the Shares accompanied
          by stock powers duly executed in blank by Pledgor, in form suitable for
          transfer; provided, however, that unless and until part or all of the Collateral
          is transferred to Pledgee in accordance with paragraph 4 hereof, all of
          the
          Collateral shall be, and remain, the property of Pledgor (subject to the
          security interests granted herein).

         

        2.
          Voting While No Default

         

            Unless
          and
          until a Default (as hereinafter defined) shall have occurred and be continuing,
          Pledgor shall be entitled to vote any and all Shares and to give consents,
          waivers or ratifications in respect thereof.

         

        
          
             

          

          
            1

            
              

            

          

          
             

          

        

        3. 
          Dividends and Other Distributions

         

            Unless
          and
          until a Default shall have occurred and be continuing, all distributions
          with
          respect to the Shares (including, without limitation, all cash dividends
          payable
          in respect of the Shares) shall be paid to Pledgor; provided that all cash
          dividends payable in respect of the Shares which represent a liquidating,
          or
          other, distribution in return of capital shall be paid to Pledgee and shall
          be
          retained by Pledgee as part of the Collateral.  Pledgee shall also be
          entitled to retain as part of the Collateral:

         

            (a)
          All other
          or additional stock or other securities or property (other than cash) paid
          or
          distributed by way of dividend in respect of the Shares;

         

            (b)
          All other
          or additional stock or other securities or property (including cash) paid
          or
          distributed in respect of the Shares by way of stock-split, spin-off, split-up,
          reclassification, combination of shares or similar rearrangement;
          and

         

            (c)
          All other
          or additional stock or other securities or property (including cash) which
          may
          be paid in respect of the Shares by reason of any consolidation, merger,
          exchange of stock, conveyance of assets, liquidation or similar corporate
          reorganization.

         

        4. Remedies
          in Case of Default

         

            In
          the event
          that a Default shall have occurred and be continuing, Pledgor shall transfer
          all
          or any part of the Collateral into Pledgee’s name or the name of Pledgee’s
          nominee or nominees; provided that:

         

            (a)
          All
          Collateral transferred to Pledgee upon a Default, together with all other
          moneys
          received by Pledgee hereunder, shall be applied to the satisfaction of
          the
          Subsequent Payments due at the time of such Default, based upon the value
          of the
          Collateral as of the date or dates of application. The value of the Collateral
          as of the date or dates of application shall be the value agreed upon by
          Pledgor
          and Pledgee, from time to time, or if they are unable to agree upon a value
          at
          anytime, shall be the value determined by an appraiser mutually agreed
          to by
          Pledgor and Pledgee.

         

            (b)
          The value
          of the total amount of the Collateral which may be transferred to Pledgee
          pursuant to this paragraph shall not exceed the aggregate amount of the
          Subsequent Payments determined as of the date of transfer and in the manner
          set
          forth in subparagraph (a) hereof.

         

        
          
             

          

          
            2

            
              

            

          

          
             

          

        

        5. Remedies
          Cumulative

         

            The
          exercise
          or beginning of the exercise by Pledgee of any one or more of the rights,
          powers
          or remedies provided for in this Pledge Agreement shall not preclude the
          simultaneous or later exercise by Pledgee of all such other rights, powers
          or
          remedies, and no failure or delay on the part of Pledgee to exercise any
          such
          right, power or remedy shall operate as a waiver thereof.

         

        6. Further
          Assurances

         

            Pledgor
          agrees that Pledgor will join with Pledgee in executing, filing and re-filing
          such financing statements, continuation statements and other documents
          in such
          offices as Pledgee may deem necessary or appropriate to perfect and preserve
          Pledgee’s security interest in the Collateral and agrees to do such further acts
          and things and to promptly execute and deliver to Pledgee such additional
          conveyances, assignments, agreements and instruments as Pledgee may reasonably
          require or deem advisable to carry into effect the purposes of this Pledge
          Agreement or to further assure and confirm unto Pledgee its rights, powers
          and
          remedies hereunder.

         

        7.
          Transfer By Pledgor

         

            Until
          the
          termination of this Pledge Agreement, Pledgor will not sell or otherwise
          dispose
          of, grant any option with respect to, or pledge or otherwise encumber any
          of the
          Collateral or any interest therein (except pursuant to this Pledge Agreement
          or
          as otherwise expressly permitted by this Pledge Agreement).

         

        8. 
          Termination; Release

         

            (a) The
          Pledge Agreement shall terminate at such time as all Subsequent Payments
          have
          been satisfied in full.

         

            (b) Upon
          termination of this Pledge Agreement, Pledgee will promptly execute and
          deliver
          to Pledgor a proper instrument or instruments acknowledging the satisfaction
          and
          termination of this Agreement, and will duly assign, transfer and deliver
          to
          Pledgor such of the Collateral as may be in the possession of Pledgee and
          which
          has not theretofore been applied pursuant to this Agreement.

         

        9.
          Definition of Default

         

            A
          Default
          shall be deemed to have occurred upon the occurrence of either of the following:
          (a) the failure of Pledgor to make any payment due with respect to the
          Liability
          within ten (10) days after delivery to Pledgor of written notice of failure
          to
          make timely payment; or (b) the failure of Pledgor to comply with any of
          the
          provisions of this Pledge Agreement and such failure is not cured within
          ten
          (10) days after delivery to Pledgor of written notice of such
          failure.

         

        
          
             

          

          
            3

            
              

            

          

          
             

          

        

        10. 
          Miscellaneous Provisions

         

            (a) This
          Pledge Agreement shall create a continuing security interest in the Collateral
          and shall be binding upon the heirs, personal representatives and assigns
          of
          Pledgor and shall inure to the benefit of, and be enforceable by, Pledgee
          and
          Pledgee’s heirs, personal representatives and assigns.

         

            (b) The
          provisions of this Pledge Agreement shall be governed by the laws of the
          State
          of New York.

         

            (c) This
          Pledge Agreement may be executed in counterparts, each of which shall be
          deemed
          an original, but all of which shall constitute one and the same
          instrument.

         

            (d) In
          the event that any provision of this Pledge Agreement shall prove to be
          invalid
          or unenforceable, such provision shall be deemed to be severable from the
          other
          provisions of this Pledge Agreement, which shall remain binding on all
          parties
          hereto.

         

            (e)
          Any
          notice, communication, request, reply or advice (hereinafter severally
          and
          collectively called “Notice”) required or permitted to be given by any of the
          Parties to another by this Agreement must be in writing and delivered to
          the
          address set forth on the signature page hereof (or to such new address
          as
          provided by Notice thereof), and with copies to the counsel at the addresses
          shown on the signature page (or to such other counsel as the parties may
          designate by Notice to the other Parties).  All such Notices will be
          deemed effectively given the earlier of (i) when delivered personally,
          (ii) two business days after being delivered by facsimile or e-mail (with
          receipt of appropriate confirmation), (iii) two business days after being
          deposited with an overnight courier service of recognized standing or
          (iv) five days after being deposited in the U.S. mail, first class,
          certified, with postage prepaid.

         

            (f)
          This
          Agreement constitutes the entire and only agreement between the Parties
          with
          regard to the subject hereof and supersedes all proposals, negotiations,
          and
          representations made or had prior to their execution except to the extent
          that
          the same are specifically incorporated herein. Each Party has made such
          investigation of the facts pertaining to this settlement and this Agreement,
          and
          of all other matters pertaining thereto, as it deems necessary.

         

            (g) No
          modification or amendment of this Agreement or any of its provisions, or
          a
          waiver thereof, shall be binding upon the Party against whom enforcement
          of such
          modification or amendment is sought unless made in writing and signed by
          it in a
          similar manner as this Agreement.  No waiver of any breach of any
          provision of this Agreement shall be held to be a waiver of any other or
          subsequent breach, and the failure of a Party to enforce at any time any
          provision hereof shall not be deemed a waiver of any right of such Party
          to
          subsequently enforce such provision or any other provision hereof.

         

        
          
             

          

          
            4

            
              

            

          

          
             

          

        

         

         

         

        (h)
          This
          Agreement, and all covenants, releases and agreements of the Parties contained
          here in shall be binding upon and inure to the benefit of the respective
          successors and assigns.  Nothing in this Agreement, expressed or
          implied, is intended to confer upon any person, other than the Parties
          and their
          authorized assignees or their successors by operation of law, any rights
          or
          remedies under or by reason of this Agreement.

         

            (i) Each
          Party to this Agreement shall pay its own costs and expenses incurred in
          connection with the negotiation, execution, delivery and performance of
          this
          Agreement.

         

        IN
          WITNESS WHEREOF, this Pledge Agreement has been executed as of the date
          first
          above written.

         

        
           

          
            
              	 PLEDGOR:
	 
	 INFINITY
                      CAPITAL GROUP, INC.
	 
	 
	 By
                      ____________________________
	 
	 Name:__________________________
	 
	 Title:___________________________
	 
	 Address:
	
                       80
                        Broad Street, 5th
                        Floor

                    
	
                       New
                        York, NY 10004

                    
	 
	 Counsel
                      and address: 
	
                       Benchmark
                        Law Group PC

                    
	
                       4445
                        Eastgate Mall, Suite 200

                    
	
                       San
                        Diego, CA 92121

                    
	
                       Attention:
                        Amit Singh, Esq.

                    
	 
	 
	 PLEDGEE:
	 
	 
	 Barry
                      Wien
	 
	 _____________________________
	 
	 Address: 
	
                       3
                        Horizon Rd., Apt. 1G  

                    
	
                       Fort
                        Lee, NJ  07024 

                    
	 
	 
	 Frank
                      Wien
	 
	 ____________________________
	 
	 Address:
	
                       3599
                        Admirals Way

                    
	
                        Delray
                        Beach, FL  33483

                    
	 
	 Counsel
                      for Wien:
	 
	
                       Jeffrey
                        Marcus

                    
	
                       Attorney
                        at Law

                    
	
                       260
                        Madison Ave., 18th
                        Floor

                    
	
                       New
                        York, NY 10016

                    

            

          

           

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

    

    EXHIBIT
      B

     

    AMENDMENT
      TO THE ESCROW AGREEMENT

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    AMENDMENT
      TO ESCROW AGREEMENT

     

    This
      Amendment (the “Amendment”), dated as of the 17th day of
      January,
      2008, to the Escrow Agreement (the “Escrow Agreement”) dated November 10, 2004,
      by and among Infinity Capital Group, Inc., a Maryland corporation (“Infinity”),
      Barry Wien and Frank Wien (jointly and severally referred to as “Wien” and,
      together with Infinity, the “Parties”), and Jeffrey Marcus as escrow agent (the
“Escrow Agent”).

     

    The
      Parties have signed a Settlement Agreement (the “Settlement Agreement”) and a
      Pledge Agreement, (the “Pledge Agreement”), both of even date
      herewith.  Under the Pledge Agreement, Infinity has pledged Two
      Million Five Hundred Thousand (2,500,000) shares of Satellite Organizing
      Solutions, Inc. ("SOS"), a Nevada corporation, common stock (the “Common
      Stock”).

     

    The
      Escrow Agent currently holds the Common Stock pursuant to the terms of the
      Escrow Agreement.

     

    The
      Parties have requested that Escrow Agent act as Escrow Agent as provided herein,
      intending that the Escrow Agent shall hold the Common Stock in furtherance
      of
      the Pledge Agreement.

     

    It
      is
      agreed that the language contained in the Escrow Agreement is hereby amended,
      and superseded in its entirety, to read, instead, as follows:

     

    1.  Escrow
      Property.  Infinity shall deliver with the execution hereof
      to Escrow Agent a certificate for 2,500,000 shares of Common Stock of SOS in
      the
      name of Infinity to be held by Escrow Agent in accordance with this Escrow
      Agreement together with a stock power signed by Infinity.  Infinity
      shall have the sole and absolute right to vote such shares so long as there
      is
      no breach or default under, or an Event of Default exists under the Pledge
      Agreement.

     

    2.  Delivery
      of Stock.

     

    2.1           Upon
      an Event of Default.  Ten (10) days after Escrow Agent
      receives written notice from Wien of a Default (as defined in the Pledge
      Agreement), Escrow Agent shall, and the Parties hereby irrevocably instruct
      Escrow Agent to, release the escrowed certificate for 2,500,000 shares of Common
      Stock of SOS to Wien.  Escrow Agent shall cause SOS’s transfer agent
      to register such shares in the name of Wien immediately prior to such transfer,
      and Escrow Agent’s duties hereunder shall immediately terminate with no
      liability to any of the Parties.

     

    2.2           Termination.  Upon
      satisfaction of all Subsequent Payments (as defined in the Settlement
      Agreement), this Escrow Agreement shall terminate, and Escrow Agent shall return
      the Common Stock to Infinity.  Escrow Agent’s duties hereunder shall
      immediately terminate with no liability to any of the Parties.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

         3. Escrow
      Agents as Special Counsel to Parties.  The Parties
      acknowledge that they are each aware that Escrow Agent is acting, and has acted,
      as counsel to Wien in connection with this Agreement and the various other
      agreements entered into in connection with the transactions between the Parties,
      as well as the consummation of the transactions contemplated by such agreements
      and other matters and that the Escrow Agent is a law firm and has been, and
      may
      in the future be, involved with representing Wien with respect to any of the
      foregoing or any other matter.  The Parties agree that the Escrow
      Agent acting under this Agreement shall not affect the Escrow Agent's ability
      to
      act as counsel to Wien in any matter, including, but not limited to, any claim,
      action or proceeding with respect to this Agreement, any of the transactions
      contemplated by this Agreement or the disposition of, or entitlement to, the
      Common Stock.

     

        4.  Escrow
      Agent.

     

    4.1           General.  The
      Escrow Agent shall act as escrow agent and hold the Common Stock pursuant to
      the
      terms and conditions of this Agreement.  The Escrow Agent's duties
      under this Agreement shall cease upon release of the Common Stock to either
      Wien
      or Infinity in accordance with the terms of this Agreement.

     

    4.2           Limited
      Duties.  The Escrow Agent undertakes to perform only such
      duties as are expressly set forth in this Agreement.  The Escrow Agent
      shall not incur any liability whatsoever to Wien, or Infinity or any other
      person or entity, except for the Escrow Agent's own willful misconduct in its
      capacity as escrow agent.

     

    4.3           Reliance
      on Notices.  The Escrow Agent may rely and shall be protected
      in acting or refraining from acting upon any written notice, instruction or
      request furnished to it hereunder and believed by it to be genuine and to have
      been signed or presented by the proper party or parties.  The Escrow
      Agent may conclusively presume that each of the undersigned representatives
      of
      the parties hereto has full power and authority to instruct the Escrow Agent
      on
      behalf of that party.

     

    4.4           Limited
      Responsibilities.  The Escrow Agent's sole responsibility
      upon receipt of any notice requiring any delivery of the Common Stock pursuant
      to the terms of this Agreement is to deliver the Common Stock as provided in
      this Agreement, and the Escrow Agent shall have no duty to determine the
      validity, authenticity or enforceability of any specification or certification
      made in such notice.

     

    4.5           Action
      in Good Faith.  The Escrow Agent shall act in good faith at
      all times, and the Escrow Agent may consult with counsel of its own
      choice.

     

    4.6           Disputes.  In
      the event of a dispute between the parties as to the proper disposition of
      the
      Common Stock, the Escrow Agent shall be entitled (but not required) (i) to
      retain the Common Stock in its possession pending direction as to the
      disposition thereof by a

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    final
      order, from which no further appeal may be taken, of a court having proper
      jurisdiction, or (ii) to deliver the Common Stock into the possession of any
      court of proper jurisdiction as such is set forth in Section 7.1 of this
      Agreement, and, upon giving notice to Wien and Infinity of such action, shall
      thereupon be relieved of all further responsibility.

     

    4.7           Indemnification.  Each
      of Wien and Infinity hereby jointly and severally agree to indemnify the Escrow
      Agent for, and to hold it harmless against, any loss, claim, action, liability,
      damage, cost or expense incurred without bad faith on the part of the Escrow
      Agent arising out of or in connection with the Escrow Agent's entering into
      and
      or performing under this Agreement, including, but not limited to, the cost
      and
      expense of defending itself against any claim, action or liability.

     

        5.           Escrow
      Agents Not Affected By Other Agreements.  This Agreement
      expressly sets forth all the duties of the Escrow Agent with respect to any
      and
      all matters pertinent hereto.  No implied duties or obligations shall
      be read into this Agreement against the Escrow Agent. The Escrow Agent, in
      its
      capacity as such, shall not be bound by the provisions of any agreement among
      the parties to this Agreement other than this Agreement.

     

        6.           Notices.  Any
      notices required to be delivered to the Escrow Agent shall be deemed received
      by
      the Escrow Agent when the Escrow Agent physically has possession of such
      notice.

     

        7.           Miscellaneous.

     

    7.1           Jurisdiction.  Any
      proceeding, action, litigation or claim (a “Proceeding”) arising out of or
      relating to this Agreement or any of the transactions contemplated herein may
      be
      brought in the courts of the State of New York, County of New York, city of
      New
      York, or, if it has or can acquire jurisdiction, in the United States District
      Court for the Southern District of New York, and each of the parties irrevocably
      submits to the exclusive jurisdiction of each such court in any such Proceeding,
      waives any objection it may now or hereafter have to venue or to convenience
      of
      forum, agrees that all claims in respect of the Proceeding shall be heard and
      determined only in any such court and agrees not to bring any Proceeding arising
      out of or relating to this Agreement or any of the  transactions
      contemplated herein in any other court.   The parties agree that
      either or both of them may file a copy of this paragraph with any court as
      written evidence of the knowing, voluntary and bargained agreement between
      the
      parties irrevocably to waive any objections to venue or to convenience of
      forum.   Each party hereto hereby consents to process being
      served in any such action or proceeding by the mailing of a copy thereof to
      the
      address set forth opposite its name below and agrees that such service upon
      receipt shall constitute good and sufficient service of process or notice
      thereof.   Nothing in this paragraph shall affect or eliminate
      any right to serve process in any other manner permitted by law.

     

    WAIVER
      OF JURY TRIAL.   THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL
      BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
      OF
      THE CONTEMPLATED TRANSACTIONS, WHETHER NOW

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    EXISTING
      OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT, TORT OR
      OTHERWISE.  THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF THIS
      PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY AND
      BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY
      AND
      THAT ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT OR ANY
      OF
      THE CONTEMPLATED TRANSACTIONS SHALL INSTEAD BE TRIED IN A COURT OF COMPETENT
      JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.

     

     

    7.2           Captions.  The
      captions in this Agreement are for convenience of reference only and shall
      not
      be given any effect in the interpretation of this Agreement.

     

    7.3           No
      Waiver.  The failure of a party to insist upon strict
      adherence to any term of this Agreement on any occasion shall not be considered
      a waiver or deprive that party of the right thereafter to insist upon strict
      adherence to that term or any other term of this Agreement.  Any
      waiver must be in writing.

     

    7.4           Exclusive
      Agreement; Amendment; Assignment.  This Agreement supersedes
      all prior agreements among the parties with respect to the escrow of the Common
      Stock, is intended as a complete and exclusive statement of the terms of the
      agreement among the Parties with respect thereto and cannot be changed or
      terminated orally.  No party may assign any rights or delegate any of
      its duties under this Agreement, but this Agreement shall be binding upon and
      inure to the benefit of the successors of the parties hereto.

     

    7.5           Counterparts.  This
      Agreement may be executed in counterparts, each of which shall be considered
      an
      original, but all of which together shall constitute the same
      instrument.

     

    7.6           Governing
      Law.  This Agreement and all amendments hereof and waivers
      and consents hereunder shall be governed by, and all disputes arising hereunder
      shall be resolved in accordance with, the internal law of the State of New
      York,
      without regard to the conflicts of law principles thereof.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties hereto have duly executed this Escrow Agreement
      as
      of the day and year first above written.

     

    

    
      	 INFINITY
              CAPITAL GROUP, INC.  	 	 JEFFRY
              MARCUS
	 a
              Maryland Corporation	 	 Attorney
              at Law
	 	 	 
	 7
              Dey Street, Suite 900	 	 260
              Madison Ave., 18th
              Floor
	 New
              York, NY  10007 	 	 New
              York, NY  10016
	 	 	 
	 By:_______________________________________	 	 ______________________________________
	 Gregory
              H. Laborde, President	 	 
	 	 	 
	 	 	 
	 	 	 
	 _________________________________________	 	 
	 Barry
              Wien	 	 
	 	 	 
	 	 	 
	 _________________________________________	 	 
	 Frank
              Wien	 	 
	 	 	 
	 c/o
              Jeffrey Marcus
              Attorney
                at Law

              260
                Madison Ave., 18th
                Floor

              New
                York, NY  10016

            	 	 

    

     

    

     

    
      
         

      

      
        5Exhibit 10.40

 

January 25,
2008

 

VICORP
Restaurants, Inc.

400
West 48TH Avenue

Denver,
Colorado 80216

Attention:  Mr. Kenneth Keymer

 

Dear Ken:

 

This letter confirms the
agreement (the “Agreement”) between VICORP Restaurants, Inc. (together
with its subsidiaries, the “Company” or “you”)
and Piper Jaffray & Co. (“Piper Jaffray” or “we” or
“us”) to engage us as your exclusive financial advisor as described
below.

 

As used in this
Agreement, the term “Restructuring Transaction” shall mean the consummation of any
(i) restructuring, modification, reduction, reorganization (whether or not
pursuant to Chapter 11 of the United States Bankruptcy Code), refinancing
and/or recapitalization of the Company with respect to any of its existing and
potential debt obligations by means of, without limitation, a solicitation of
waivers and consents (in the context of a broader restructuring plan); (ii) rescheduling
of debt maturities; (iii) changes in interest rates; (iv) settlement
or forgiveness of debt; (v) conversion of debt, other liabilities and/or
other securities into equity; (vi) exchange offer involving new
securities; (vii) the issuance of new debt securities; (viii) the
raising of new debt; or other similar transaction or series of transactions.

 

Notwithstanding anything
contained in this Agreement to the contrary: (a) Piper Jaffray makes no
representations or warranties about the Company’s ability to (i) successfully
improve its operations, (ii) maintain sufficient liquidity to operate its
business or (iii) successfully complete a Restructuring Transaction, and (b) Piper
Jaffray makes no representation, warranty or commitment to underwrite, place or
purchase any securities or provide any form of financing to the Company.

 

SERVICES

 

The Company hereby
retains Piper Jaffray as the financial advisor to the Company in connection
with the Restructuring Transaction.  We
agree to provide the following services during the term of our engagement:

 

·                  Meet with the Company’s management and familiarize
itself with the business, operations, properties, financial condition and
prospects of the Company;

 

 

1

 

·                  Assist the Company in analyzing and reviewing the
acts, conduct, assets, liabilities and financial condition of the Company;

 

·                  Evaluate the Company’s potential debt capacity in
light of its existing cash flows;

 

·                  Advise the Company with respect to the Restructuring
Transaction options (including timing, structure and pricing), including
analyzing, negotiating and effecting (i) an out-of-court restructuring of
the Company’s Senior Notes (defined herein), (ii) a plan of reorganization
or recapitalization for the Company, and/or (iii) to the extent necessary,
performing valuation analyses on the Company and its assets;

 

·                  With the prior approval of the Company, solicit,
coordinate and evaluate proposals regarding a Restructuring Transaction;

 

·                  Provide the Company’s Board of Directors and senior
management with regard to the comparative implications of different strategic
alternatives available to the Company, including, without limitation, valuation
metrics related to any alternative transactions (if any) and for comparable
public companies and comparable publicly reported transactions;

 

·                  Provide testimony, as necessary, with respect to
matters on which we have been engaged to advise you in any proceeding before
the Bankruptcy Court, if applicable; and

 

·                  Any other tasks as mutually agreed upon by Piper
Jaffray and the Company.

 

This engagement will be
run on a day to day basis by Joe Radecki, who shall lead this engagement
throughout the term of this agreement for so long as he is an officer of Piper
Jaffray; provided, however, that Piper Jaffray reserves the right to augment or
substitute other qualified senior officers reasonably acceptable to the Company
to the extent that business exigencies may require.

 

Piper Jaffray agrees that
it shall not initiate any discussions with or otherwise contact any party
regarding a Restructuring Transaction, or solicit any proposals or indications
of interest with respect to a Restructuring Transaction, without the prior
approval of the Company.

 

In rendering our services
to you hereunder, Piper Jaffray is not assuming any responsibility for the
Company’s underlying business decision to pursue or not to pursue any business
strategy or to effect or not to effect any Restructuring Transaction.  You agree that Piper Jaffray shall not have
the responsibility to provide “crisis management” services for the Company.

 

 

2

 

FEES
AND EXPENSES

 

In full payment
for services rendered and to be rendered hereunder by Piper Jaffray, you agree
to pay us the following fees:

 

(a)                                  A fee of $50,000.00 per month for the
first two months of this engagement and $100,000 per month thereafter, payable
monthly in advance in cash (the “Monthly Fee”) up to the effective date of
termination of this Agreement; provided, however, that 50% of the monthly fees
owing after Piper Jaffray has earned $400,000 in monthly fees (i.e.  after the fifth month of this engagement)
shall be credited against any Restructuring Transaction Fee (defined herein)
otherwise due; and

 

(b)                                 If, during this engagement, a
Restructuring Transaction is consummated, we shall be paid a cash fee (the “Restructuring
Transaction Fee”) of:

 

(i)                                             for a Restructuring Transaction that
consists primarily of modifications to the Company’s 10.5% Senior Notes due
2011 (the “Senior Notes”) including, but not limited to the modification and/or
deletion of covenants, interest payments, maturity dates or similar provisions,
$632,500.

 

(ii)                                          for a Restructuring Transaction that
consists primarily of modifications to the Company’s Revolving Credit Facility
and Term Loans (the “Credit Facilities”) including, but not limited to the
modification and/or deletion of covenants, interest payments, maturity dates or
similar provisions, in which Piper Jaffray is requested to provide and actually
provides substantial advisory services  and leads or co-leads the
negotiations with the lenders, such modifications with the providers of the
Credit Facilities, one-quarter of one percent (0.25%) of the aggregate
principal amount of the Credit Facilities outstanding immediately prior to the
consummation of the Restructuring Transaction.

 

(iii)                                       In the event the Restructuring
Transaction becomes a significant out-of-court restructuring, as determined by
both the Company and Piper Jaffray, in their sole discretion, the aggregate
Restructuring Transaction Fee shall equal three-quarters of one percent (0.75%)
of the aggregate principal amount and accrued but unpaid interest of the Credit
Facilities and Senior Notes outstanding immediately prior to the consummation
of such Restructuring Transaction.

 

(iv)                                      for a Restructuring Transaction which is
consummated and approved by the court pursuant to a Company proposed plan of
reorganization under Chapter 11 of the United States Bankruptcy Code, one
percent (1.00%) of the aggregate principal amount and 

 

 

3

 

accrued but unpaid
interest of the Credit Facilities, Senior Notes and other unsecured debt
outstanding immediately prior to the consummation of the Restructuring
Transaction.

 

For purposes of clarity, (i) none of the
Restructuring Transaction Fees described in section (b) above shall be due
and payable unless and until the completion of a Restructuring Transaction; (ii) if
a Restructuring Transaction Fee is due under section b(iii) or b(iv), a
Restructuring Transaction Fee will not be due under sections b(i) or
b(ii); (iii) if a Restructuring Transaction Fee is due under section
b(iii), a Restructuring Transaction Fee will not be due under section b(iv);
and (iv) if a Restructuring Transaction Fee is due under section b(iv), a
Restructuring Transaction Fee will not be due under section b(iii).  Piper Jaffray shall also be entitled to a
Restructuring Transaction Fee if such Restructuring Transaction is consummated
within 6 months after the termination of this engagement but only to the extent
that the Restructuring Transaction results from negotiations occurring during
the term of this engagement.

 

The Restructuring
Transaction Fee shall be earned and payable upon the earlier of (i) the
consummation of a Restructuring Transaction under section b(i), (ii) or (iii) above,
(ii) obtaining the requisite consents from the requisite constituencies
for a “pre-packaged” or pre-negotiated in-court restructuring plan of
reorganization or the consents (as evidenced by lock-up agreements from
sufficient members of an impaired class of creditors to confirm a plan under
section 1129(a) or 1129(b) of the Bankruptcy Code) (a “pre-negotiated
plan”) and having such plan of reorganization confirmed by the bankruptcy court
or (iii) confirmation of a Chapter 11 plan of reorganization; provided,
however, that in the event the Company undertakes an exchange offer exempt from
the registration requirements of the Securities Act of 1933, as amended (the “Act”),
pursuant to Section 3(a)(9) of the Act (a “3(a)(9) Offer”), we
shall have earned the Restructuring Transaction Fee immediately prior to the
commencement of such 3(a)(9) Offer, and such fee will be payable (A) 50%
on the first date upon which the offering documents are disseminated (the “Mailing
Date”) and (B) 50% no later than 60 days after the Mailing Date.

 

(c)                                  If you implement a debtor-in-possession
financing in a Chapter 11 proceeding, and Piper Jaffray is requested to provide
and actually provides substantial advisory services in connection with the
procurement of the debtor-in-possession financing, we shall be paid a
debtor-in-possession financing fee (the “DIP Fee”) equal to 1% of the aggregate
amount of the new monies provided to the Company pursuant to the
debtor-in-possession facility.  The DIP
Fee, if applicable, shall be earned and payable upon the entry of an order by
the bankruptcy court approving the DIP financing; and

 

(d)                                 No fee payable hereunder shall be
credited against any other fee due and owing Piper Jaffray for services
previously rendered to the Company except as specifically set forth above.

 

 

4

 

In addition, immediately
prior to the commencement of a case by or against you pursuant to the United
States Bankruptcy Code, you, unless prohibited by law, shall pay to us (or cause
us to be paid) to the extent you shall have had notice of the pending
commencement of such case, in cash, all amounts that have been earned but are
unpaid to us pursuant to this Agreement on such date, including without
limitation, the fees referred to above, as well as pay us for all unreimbursed
expenses, as set out below, as of such date. 
The Company shall use its commercially reasonable efforts to obtain the
entry of an order by such bankruptcy court approving the retention of Piper
Jaffray as financial advisor to the Company, in such case on terms
substantially similar to those set forth herein.

 

The Company shall
periodically reimburse Piper Jaffray promptly when invoiced for all of our
reasonable out-of-pocket expenses, including, without limitation, reasonable
fees and disbursements of counsel, travel and lodging expenses, word processing
charges, messenger and duplicating services, and database, courier and
communication costs, and other customary expenditures in connection with the
performance of our services hereunder, regardless of whether or not a
Restructuring Transaction occurs; provided, however that such expenses shall
not exceed $30,000 in the aggregate without Piper Jaffray’s prior notification
to the Company and the Company consenting to such additional expenses.  You
understand that your reimbursement of the reasonable fees and disbursements of
our counsel will be made on the basis of counsel’s generally applicable rates,
which may be higher than the rates that counsel charges us for other matters
based on arrangements that we have entered into with such counsel.  Upon termination of this Agreement or
completion of a Restructuring Transaction, you shall pay promptly in cash any
unreimbursed expenses that have accrued as of such date.  This reimbursement obligation is in addition
to the reimbursement of fees and expenses set forth below relating to
attendance by us at proceedings or to indemnification and contribution as
contemplated elsewhere in this Agreement.

 

To the extent our personnel
assist in, or provide testimony in trial or deposition for any action, suit or
proceeding relating to a Restructuring Transaction or our engagement hereunder
after the consummation of a Restructuring Transaction or termination of our
engagement hereunder, the Company shall pay Piper Jaffray a per person, per
diem charge, together with reimbursement of all out-of-pocket expenses and
disbursements, including reasonable attorney’s fees and disbursements, for the
services of such officers at our customary rates.

 

INDEMNIFICATION
AND CONTRIBUTION

 

In addition to the
payment of fees and reimbursement of expenses provided for above, and
regardless if any Restructuring Transaction is consummated, the Company shall
agree to indemnify Piper Jaffray with regard to the matters contemplated
herein, as set forth in Annex A, attached hereto, which is hereby incorporated
into this Agreement by reference and made a part of this Agreement as if fully
set forth herein.  Such 

 

 

5

 

indemnification shall
survive any termination, expiration or completion of this Agreement.

 

DISCLOSURE
OF ADVICE AND INFORMATION

 

No advice or opinion we
render, whether formal or informal, may be disclosed to parties other than our
officers, directors, attorneys, accountants and the senior management team of
the Company, in whole or in part, or summarized, excerpted from, or otherwise
referred to without our prior written consent, which consent shall not be
unreasonably withheld.  In addition,
except as otherwise contemplated herein, you may not otherwise refer to us
without our prior written consent.  If we
request, you agree to include a mutually acceptable reference to us in any
press release or other public announcement made by you regarding the matters
described in this letter.

 

You will use commercially
reasonable efforts to furnish us with all information concerning you which we
reasonably deem appropriate for purposes of performing services under this
Agreement (the “Information”) and will use commercially reasonable efforts to
provide us with access to the your officers, directors, employees, accountants,
counsel and other representatives that you reasonably believe to be necessary
for this engagement.  You hereby agree
and represent that to your actual knowledge, all Information relating to the
Company furnished to us will be accurate and complete in all material respects
at the time provided, and that, if you are aware of any Information becoming
materially inaccurate, incomplete or misleading during the engagement
hereunder, you will use commercially reasonable efforts to promptly advise
us.  You recognize and confirm that we
assume no responsibility for the accuracy and completeness of the Information and
will be using and relying upon the Information (and information available from
generally recognized public sources) without assuming responsibility for
independent verification or independent evaluation of any of the assets or
liabilities of the Company.

 

You agree that we may
place advertisements in mailings and financial and other newspapers and
journals at our expense describing our services to you for any publicly
announced or completed Restructuring Transaction and use your logo, provided
that we will not disclose, without your consent, the size of the Restructuring
Transaction or proceeds you receive in such advertisements unless such
information is already publicly available.

 

CONFIDENTIALITY

 

Except as required by
law, this Agreement and the services, information and advice to be provided by
us hereunder, is for the confidential use of the Board of Directors and senior
management of the Company and shall not be disclosed to third parties without
our prior written permission.  This
agreement supersedes any prior Confidentiality Agreement in place between Piper
Jaffray and VICORP Restaurants, Inc.

 

 

6

 

TERM

 

The term of this
Agreement shall commence on the date hereof and terminate 10 days from the date
on which you or us, as the case may be, receives written notice from the other
of termination of this engagement.  We
may resign at any time and you may terminate Piper Jaffray’s services at any
time, each by giving written notice to the other.  If terminated, Piper Jaffray shall be
entitled to receive any fees for any monthly period which are due and owing
Piper Jaffray upon the effective date of termination; however, such amounts
will be prorated for any incomplete monthly period of service, and Piper
Jaffray will be entitled to reimbursement for out-of-pocket expenses as
described herein.  The  indemnity, contribution, exculpation and miscellaneous
provisions of this Agreement (including Annex A) shall survive any termination
of our engagement under this Agreement.

 

OTHER
MATTERS RELATING TO OUR ENGAGEMENT

 

You acknowledge that you
have retained us solely to provide the services set forth in this
Agreement.  In rendering such services,
we will act as an independent contractor, and not as an agent or otherwise, and
we owe our duties arising out of this engagement solely to the Company.  You acknowledge that nothing in this
Agreement is intended to create duties to you or your creditors or
securityholders or any third party in connection with our engagement hereunder,
all of which are expressly waived, and we and you specifically disclaim the
creation of any fiduciary relationship between, or the imposition of any
fiduciary duties on, either party.  No
one other than the Company is authorized to rely upon the engagement of Piper
Jaffray hereunder or any statements, advice, opinions or conduct by Piper
Jaffray.  The Company further
acknowledges that Piper Jaffray may perform certain of the services described
herein through one or more of its affiliates and any such affiliates shall be
entitled to the benefit of this Agreement.

 

The Company agrees that
any reference to Piper Jaffray, as financial advisor in any release or
communication or materials distributed, is subject to our prior written
approval, unless such release or communication is required by law or
regulation.  If Piper Jaffray resigns
prior to the dissemination of any such release, communication or material, no
reference shall be made therein to Piper Jaffray being the Company’s financial
advisor at such time.

 

The Company represents
and warrants that it has all requisite power and authority, and all necessary
authorizations, to enter into and carry out the terms and provisions of this
Agreement and the execution, delivery and performance of this Agreement does
not breach or conflict with any agreement, document or instrument to which it
is a party or bound.

 

The Company represents
and warrants to Piper Jaffray that there are no brokers, representatives or
other persons which have an interest in compensation due to Piper Jaffray from
any transaction contemplated herein or which would otherwise be due any fee,
commission or remuneration upon consummation of any Restructuring Transaction.

 

 

7

 

We and our affiliates
will not use confidential information obtained from you pursuant to this
engagement in connection with the performance by us and our affiliates of
services for other companies, and we and our affiliates will not furnish any
such information to other companies.  You
also acknowledge that we and our affiliates have no obligation to disclose any
information acquired in connection with various investment banking and
financial advisory relationships with, or services for, other clients and
customers, to the Company or to use such information in connection with any
transaction contemplated by this Agreement.

 

You acknowledge that we
are not an advisor as to legal, tax, accounting or regulatory matters in any
jurisdiction.  You should consult with
your own advisors concerning such matters and are responsible for making your
own independent investigation and appraisal of the transactions contemplated by
this Agreement, and we have no responsibility or liability to you with respect
such matters.

 

MISCELLANEOUS

 

This Agreement shall be
governed by and construed in accordance with the laws of New York, without
regard to its conflict of law principles. 
You and we hereby waive all right to trial by jury in any action,
proceeding, or counterclaim (whether based upon contract, tort or otherwise) in
connection with any dispute arising out of this Agreement or any matters
contemplated by this Agreement.  This
Agreement embodies the entire agreement and understanding between you and us
and supersedes all prior agreements and understandings relating to the subject
matter of this Agreement, whether oral or written, express or implied.  This Agreement may be executed in any number
of counterparts, each of which shall be deemed to be an original, but such
counterparts shall, together, constitute only one instrument.  This Agreement and all rights, liabilities
and obligations hereunder shall be binding upon and inure to the benefit of
each party’s successors but may not be assigned without the prior written
approval of the other party.  The
descriptive headings of the paragraphs of this Agreement are inserted for
convenience only, do not constitute a part of this Agreement and shall not
affect in any way the meaning or interpretation of this Agreement.  The invalidity or unenforceability of any
provision of this Agreement shall not affect the validity or enforceability of
any other provisions of this Agreement, which shall remain in full force and
effect.  This Agreement is solely for the
benefit of you and us, and no other person (other than the Indemnified Persons
set forth in Annex A hereto) shall acquire or have any rights by virtue of this
Agreement.

 

 

8

 

If this letter correctly
sets forth the understanding between us, please so indicate by signing on the
designated space below and returning a signed copy to us.

 

Sincerely,

 

	
  Piper
  Jaffray & Co.

  
	
   

  
	
  By /s/ Joseph Radecki

  
	
  Name Joseph Radecki

  
	
  Title Managing Director

  
	
   

  
	
  Agreed to as of the
  date first above written:

  
	
   

  
	
  VICORP RESTAURANTS, INC.

  
	
   

  
	
  By /s/ Kenneth Keymer

  
	
  Name Kenneth Keymer

  
	
  Title Chief Executive
  Officer

  

 

 

9

 

Annex A
to Engagement Letter

 

You
agree to (i) indemnify and hold harmless us, our affiliates (within the
meaning of the Securities Act of 1933), and each of their respective partners,
directors, officers, agents, consultants, employees and controlling persons
(within the meaning of the Securities Act of 1933) (each of Piper Jaffray and
such other person or entity is hereinafter referred to as an “Indemnified Person”), from and
against any losses, claims, damages, liabilities and expenses, joint or
several, and all actions, inquiries, proceedings and investigations in respect
thereof, to which any Indemnified Person may become subject arising out of or
in connection with our engagement under or any matter referred to in the
agreement to which this Annex A is attached and of which this Annex A forms a
part (the “Agreement”), regardless of whether any of such Indemnified Persons
is a party thereto, and (ii) periodically reimburse an Indemnified Person
for such person’s legal and other expenses as may be incurred in connection
with investigating, preparing, defending, paying, settling or compromising any
such action, inquiry, proceeding or investigation, whether or not such action,
inquiry, proceeding or investigation is initiated or brought by you, your
creditors or stockholders, or any other person. 
You are not responsible under clause (i) of the foregoing sentence
for any losses, claims, damages, liabilities or expenses to the extent that
such loss, claim, damage, liability or expense has been finally judicially
determined to have resulted primarily and directly from actions taken or
omitted to be taken by such Indemnified Person due to such person’s bad faith,
gross negligence or willful misconduct. 
To the extent that any prior payment you made to an Indemnified Person
is so determined to have been improper by reason of such Indemnified Person’s
bad faith, gross negligence or willful misconduct, such Indemnified Person
shall promptly pay you such amount.

 

If
the indemnity or reimbursement referred to above is, for any reason whatsoever,
unenforceable, unavailable or otherwise insufficient to hold each Indemnified
Person harmless, you agree to pay to or on behalf of each Indemnified Person
contributions for losses, claims, damages, liabilities or expenses so that each
Indemnified Person ultimately bears only a portion of such losses, claims,
damages, liabilities or expenses as is appropriate (i) to reflect the
relative benefits received by each such Indemnified Person, respectively, on
the one hand and you and your stockholders on the other hand in connection with
the Restructuring Transaction or (ii) if the allocation on that basis is
not permitted by applicable law, to reflect not only the relative benefits
referred to in clause (i) above but also the relative fault of each such
Indemnified Person, respectively, and you as well as any other relevant
equitable considerations.  The respective
relative benefits received by us and you in connection with any Restructuring
Transaction shall be deemed to be in the same proportion as the aggregate fee
paid or proposed to be paid to Piper Jaffray in connection with the
Restructuring Transaction bears to the aggregate transaction value contemplated
by the Restructuring Transaction, whether or not consummated.

 

Promptly
after its receipt of notice of the commencement of any action or proceeding,
any Indemnified Person will, if a claim in respect thereof is to be made
against you pursuant to this letter, notify you in writing of the commencement
thereof; but omission so to notify you will not relieve you from any liability
which you may have to any 

 

 

1

 

Indemnified
Person, except your obligations to indemnify for losses, claims, damages,
liabilities or expenses to the extent that you suffer actual prejudice as a
result of such failure, but shall not relieve you from your obligation to
provide reimbursement of expenses and any liability which you may have to an
Indemnified Person otherwise than hereunder. 
If you so elect, you may assume the defense of such action or proceeding
in a timely manner, including the employment of counsel (reasonably
satisfactory to us) and payment of expenses, provided
you permit an Indemnified Person and counsel retained by an Indemnified Person
at its expense to participate in such defense. 
Notwithstanding the foregoing, in the event (i) you fail promptly
to assume the defense and employ counsel reasonably satisfactory to us, or (ii) the
Indemnified Person has been advised by counsel that there exist actual or
potential conflicting interests between you or your counsel and such
Indemnified Person, an Indemnified Person may employ separate counsel (in
addition to  local counsel ) to represent
or defend such Indemnified Person in such action or proceeding, and you agree
to pay the fees and disbursements of such separate counsel as incurred; provided however, that you shall not, in connection with any
one such action or proceeding, or separate but substantially similar actions or
proceedings arising out of the same general allegations, be liable for fees and
expenses of more than one separate firm of attorneys (in addition to any local
counsel).

 

You
will not, without our prior written consent, settle or compromise or consent to
the entry of any judgment in any pending or threatened claim, action, suit or
proceeding in respect of which indemnification or contribution may be sought
under this agreement, unless such settlement, compromise or consent includes an
express, complete and unconditional release of us and each other Indemnified
Person from all liability and obligations arising therefrom. Without your prior
written consent, which shall not be unreasonably withheld, delayed or
conditioned, no Indemnified Person shall settle or compromise any claim for which
indemnification or contribution may be sought hereunder.  Notwithstanding the foregoing sentence, if at
any time an Indemnified Person requests that you reimburse the Indemnified
Person for fees and expenses as provided in this agreement, you agree that you
shall be liable for any settlement of any proceeding effected without your
prior written consent if (i) such settlement is entered into more than 30
days after receipt by you of the request for reimbursement, and (ii) you
shall not have reimbursed the Indemnified Person in accordance with such
request prior to the date of such settlement.

 

You
also agree that no Indemnified Person shall have any liability to you or your
affiliates, directors, officers, employees, agents, creditors or stockholders,
directly or indirectly, related to or arising out of the Agreement or the
services performed thereunder, except losses, claims, damages, liabilities and
expenses you incur which have been finally judicially determined to have
resulted primarily and directly from actions taken or omitted to be taken by
such Indemnified Person due to such person’s bad faith, gross negligence or
willful misconduct.  In no event,
regardless of the legal theory advanced, shall any Indemnified Person be liable
for any consequential, indirect, incidental or special damages of any
nature.  Your indemnification,
reimbursement, exculpation and contribution obligations in this Annex A shall
be in addition to any rights that any Indemnified Person may have at common law
or otherwise.

 

 

2

 

Capitalized
terms used, but not defined in this Annex A, have the meanings assigned to such
terms in the Agreement.

 

 

3

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