Document:

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                                                                     Exhibit 4.4
                                                                  EXECUTION COPY

                          REGISTRATION RIGHTS AGREEMENT

         This REGISTRATION RIGHTS AGREEMENT dated April 14, 2004 (the
"Agreement") is entered into by and among VICORP Restaurants, Inc., a Colorado
corporation (the "Company"), VI Acquisition Corp., a Delaware corporation, and
Village Inn Pancake House of Albuquerque, Inc. (together, the "Guarantors"), and
J.P. Morgan Securities Inc. and CIBC World Markets Corp. (the "Initial
Purchasers").

         The Company, the Guarantors and the Initial Purchasers are parties to
the Purchase Agreement dated April 1, 2004 (the "Purchase Agreement"), which
provides for the sale by the Company to the Initial Purchasers of $126,530,000
aggregate principal amount of the Company's 10 1/2% Senior Notes due 2011 (the
"Securities") which wiLl be guaranteed on an unsecured senior basis by each of
the Guarantors. As an inducement to the Initial Purchasers to enter into the
Purchase Agreement, the Company and the Guarantors have agreed to provide to the
Initial Purchasers and their direct and indirect transferees the registration
rights set forth in this Agreement. The execution and delivery of this Agreement
is a condition to the closing under the Purchase Agreement.

         In consideration of the foregoing, the parties hereto agree as follows:

         1.       Definitions. As used in this Agreement, the following terms
shall have the following meanings:

         "Business Day" shall mean any day that is not a Saturday, Sunday or
other day on which commercial banks in New York City are authorized or required
by law to remain closed.

         "Closing Date" shall mean the Closing Date as defined in the Purchase
Agreement.

         "Company" shall have the meaning set forth in the preamble and shall
also include the Company's successors.

         "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended from time to time.

         "Exchange Dates" shall have the meaning set forth in Section 2(a)(ii)
hereof.

         "Exchange Offer" shall mean the exchange offer by the Company and the
Guarantors of Exchange Securities for Registrable Securities pursuant to Section
2(a) hereof.

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         "Exchange Offer Registration" shall mean a registration under the
Securities Act effected pursuant to Section 2(a) hereof.

         "Exchange Offer Registration Statement" shall mean an exchange offer
registration statement on Form S-4 (or, if applicable, on another appropriate
form) and all amendments and supplements to such registration statement, in each
case including the Prospectus contained therein, all exhibits thereto and any
document incorporated by reference therein.

         "Exchange Securities" shall mean senior notes issued by the Company and
guaranteed by the Guarantors under the Indenture containing terms identical to
the Securities (except that the Exchange Securities will not be subject to
restrictions on transfer or to any increase in annual interest rate for failure
to comply with this Agreement) and to be offered to Holders of Securities in
exchange for Securities pursuant to the Exchange Offer.

         "Guarantors" shall have the meaning set forth in the preamble and shall
also include any Guarantor's successors.

         "Holders" shall mean the Initial Purchasers, for so long as they own
any Registrable Securities, and each of their successors, assigns and direct and
indirect transferees who become owners of Registrable Securities under the
Indenture; provided that for purposes of Sections 4 and 5 of this Agreement, the
term "Holders" shall include Participating Broker-Dealers.

         "Initial Purchasers" shall have the meaning set forth in the preamble.

         "Indenture" shall mean the Indenture relating to the Securities dated
as of April 14, 2004 among the Company, the Guarantors and Wells Fargo Bank,
National Association, as trustee, and as the same may be amended from time to
time in accordance with the terms thereof.

         "Majority Holders" shall mean the Holders of a majority of the
aggregate principal amount of outstanding Registrable Securities; provided that
whenever the consent or approval of Holders of a specified percentage of
Registrable Securities is required hereunder, Registrable Securities owned
directly or indirectly by the Company or any of its affiliates shall not be
counted in determining whether such consent or approval was given by the Holders
of such required percentage or amount.

         "Participating Broker-Dealers" shall have the meaning set forth in
Section 4(a) hereof.

         "Person" shall mean an individual, partnership, limited liability
company, corporation, trust or unincorporated organization, or a government or
agency or political subdivision thereof.

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         "Prospectus" shall mean the prospectus included in a Registration
Statement, including any preliminary prospectus, and any such prospectus as
amended or supplemented by any prospectus supplement, including a prospectus
supplement with respect to the terms of the offering of any portion of the
Registrable Securities covered by a Shelf Registration Statement, and by all
other amendments and supplements to such prospectus, and in each case including
any document incorporated by reference therein.

         "Purchase Agreement" shall have the meaning set forth in the preamble.

         "Registrable Securities" shall mean the Securities; provided that the
Securities shall cease to be Registrable Securities (i) when a Registration
Statement with respect to such Securities has been declared effective under the
Securities Act and such Securities have been exchanged or disposed of pursuant
to such Registration Statement, (ii) when such Securities are eligible to be
sold pursuant to Rule 144(k) (or any similar provision then in force, but not
Rule 144A) under the Securities Act or (iii) when such Securities cease to be
outstanding.

         "Registration Expenses" shall mean any and all expenses incident to
performance of or compliance by the Company and the Guarantors with this
Agreement, including without limitation: (i) all SEC, stock exchange or National
Association of Securities Dealers, Inc. registration and filing fees, (ii) all
fees and expenses incurred in connection with compliance with state securities
or blue sky laws (including reasonable fees and disbursements of a single
counsel for the Underwriters or Holders, as applicable, in connection with blue
sky qualification of any Exchange Securities or Registrable Securities), (iii)
all expenses of any Persons in preparing or assisting in preparing, word
processing, printing and distributing any Registration Statement, any Prospectus
and any amendments or supplements thereto, any underwriting agreements,
securities sales agreements or other similar agreements and any other documents
relating to the performance of and compliance with this Agreement, (iv) all
rating agency fees, (v) all fees and disbursements relating to the qualification
of the Indenture under applicable securities laws, (vi) the fees and
disbursements of the Trustee and its counsel, (vii) the fees and disbursements
of counsel for the Company and the Guarantors and, in the case of a Shelf
Registration Statement, the fees and disbursements of one counsel for the
Holders (which counsel shall be selected by the Majority Holders and which
counsel may also be counsel for the Initial Purchasers) and (viii) the fees and
disbursements of the independent public accountants of the Company and the
Guarantors, including the expenses of any special audits or "comfort" letters
required by or incident to the performance of and compliance with this
Agreement, but excluding fees and expenses of counsel to the Underwriters (other
than fees and expenses set forth in clause (ii) above) or the Holders and
underwriting discounts and commissions and transfer taxes, if any, relating to
the sale or disposition of Registrable Securities by a Holder.

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         "Registration Statement" shall mean any registration statement of the
Company and the Guarantors that covers any of the Exchange Securities or
Registrable Securities pursuant to the provisions of this Agreement and all
amendments and supplements to any such registration statement, including
post-effective amendments, in each case including the Prospectus contained
therein, all exhibits thereto and any document incorporated by reference
therein.

         "SEC" shall mean the Securities and Exchange Commission.

         "Securities Act" shall mean the Securities Act of 1933, as amended from
time to time.

         "Shelf Effectiveness Period" shall have the meaning set forth in
Section 2(b) hereof.

         "Shelf Registration" shall mean a registration effected pursuant to
Section 2(b) hereof.

         "Shelf Registration Statement" shall mean a "shelf" registration
statement of the Company and the Guarantors that covers all the Registrable
Securities (but no other securities unless approved by the Holders whose
Registrable Securities are to be covered by such Shelf Registration Statement)
on an appropriate form under Rule 415 under the Securities Act, or any similar
rule that may be adopted by the SEC, and all amendments and supplements to such
registration statement, including post-effective amendments, in each case
including the Prospectus contained therein, all exhibits thereto and any
document incorporated by reference therein.

         "Trust Indenture Act" shall mean the Trust Indenture Act of 1939, as
amended from time to time.

         "Trustee" shall mean the trustee with respect to the Securities under
the Indenture.

         "Underwriter" shall have the meaning set forth in Section 3 hereof.

         "Underwritten Offering" shall mean an offering in which Registrable
Securities are sold to an Underwriter for reoffering to the public.

         2.       Registration Under the Securities Act. (a) To the extent not
prohibited by any applicable law or applicable interpretations of the Staff of
the SEC, the Company and the Guarantors shall use their reasonable best efforts
to (i) cause to be filed an Exchange Offer Registration Statement covering an
offer to the Holders to exchange all the Registrable Securities for Exchange
Securities and (ii) have such Registration Statement remain effective until 180
days after the closing of the Exchange Offer. The Company and the Guarantors
shall

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commence the Exchange Offer promptly after the Exchange Offer Registration
Statement is declared effective by the SEC and use their reasonable best efforts
to complete the Exchange Offer not later than 60 days after such effective date.

         The Company and the Guarantors shall commence the Exchange Offer by
mailing the related Prospectus, appropriate letters of transmittal and other
accompanying documents to each Holder stating, in addition to such other
disclosures as are required by applicable law:

(i)      that the Exchange Offer is being made pursuant to this Agreement and
         that all Registrable Securities validly tendered and not properly
         withdrawn will be accepted for exchange;

(ii)     the dates of acceptance for exchange (which shall be a period of at
         least 20 Business Days from the date such notice is mailed) (the
         "Exchange Dates");

(iii)    that any Registrable Security not tendered will remain outstanding and
         continue to accrue interest but will not retain any rights under this
         Agreement;

(iv)     that any Holder electing to have a Registrable Security exchanged
         pursuant to the Exchange Offer will be required to surrender such
         Registrable Security, together with the appropriate letters of
         transmittal, to the institution and at the address (located in the
         Borough of Manhattan, The City of New York) and in the manner specified
         in the notice, prior to the close of business on the last Exchange
         Date; and

(v)      that any Holder will be entitled to withdraw its election, not later
         than the close of business on the last Exchange Date, by sending to the
         institution and at the address (located in the Borough of Manhattan,
         The City of New York) specified in the notice, a telegram, telex,
         facsimile transmission or letter setting forth the name of such Holder,
         the principal amount of Registrable Securities delivered for exchange
         and a statement that such Holder is withdrawing its election to have
         such Securities exchanged.

         As a condition to participating in the Exchange Offer, a Holder will be
required to represent to the Company and the Guarantors that (i) any Exchange
Securities to be received by it will be acquired in the ordinary course of its
business, (ii) at the time of the commencement of the Exchange Offer it has no
arrangement or understanding with any Person to participate in the distribution
(within the meaning of the Securities Act) of the Exchange Securities in
violation of the provisions of the Securities Act, (iii) it is not an
"affiliate" (within the meaning of Rule 405 under Securities Act) of the Company
or any Guarantor and (iv) if such Holder is a broker-dealer that will receive
Exchange Securities for its own account in exchange for Registrable Securities
that were acquired as a

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result of market-making or other trading activities, then such Holder will
deliver a Prospectus in connection with any resale of such Exchange Securities.

         As soon as practicable after the last Exchange Date, the Company and
the Guarantors shall:

(i)      accept for exchange Registrable Securities or portions thereof validly
         tendered and not properly withdrawn pursuant to the Exchange Offer; and

(ii)     deliver, or cause to be delivered, to the Trustee for cancellation all
         Registrable Securities or portions thereof so accepted for exchange by
         the Company and issue, and cause the Trustee to promptly authenticate
         and deliver to each Holder, Exchange Securities equal in principal
         amount to the principal amount of the Registrable Securities
         surrendered by such Holder.

         The Company and the Guarantors shall use their reasonable best efforts
to complete the Exchange Offer as provided above and shall comply with the
applicable requirements of the Securities Act, the Exchange Act and other
applicable laws and regulations in connection with the Exchange Offer. The
Exchange Offer shall not be subject to any conditions, other than that the
Exchange Offer does not violate any applicable law or applicable interpretations
of the Staff of the SEC.

         (b)      In the event that (i) the Company and the Guarantors determine
that the Exchange Offer Registration provided for in Section 2(a) above is not
available or may not be completed as soon as practicable after the last Exchange
Date because it would violate any applicable law or applicable interpretations
of the Staff of the SEC, (ii) the Exchange Offer is not for any other reason
completed by November 10, 2004 or (iii) if any Holder shall notify the Company
within 30 days after the completion of the Exchange Offer that such Holder is
prohibited by law from participating in the Exchange Offer or such Holder may
not resell the Securities acquired by it in the Exchange Offer without delivery
of a Prospectus and the Prospectus available in the Exchange Offer Registration
Statement is not appropriate or available for resales by such Holder, the
Company and the Guarantors shall use their reasonable best efforts to cause to
be filed as soon as practicable after such determination, date or request, as
the case may be, a Shelf Registration Statement providing for the sale of all
the Registrable Securities by the Holders thereof and to have such Shelf
Registration Statement declared effective by the SEC.

         In the event that the Company and the Guarantors are required to file a
Shelf Registration Statement pursuant to clause (iii) of the preceding sentence,
the Company and the Guarantors shall use their reasonable best efforts to file
and have declared effective by the SEC both an Exchange Offer Registration
Statement pursuant to Section 2(a) with respect to all Registrable Securities
and

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a Shelf Registration Statement (which may be a combined Registration Statement
with the Exchange Offer Registration Statement) with respect to offers and sales
of Registrable Securities held by the Initial Purchasers after completion of the
Exchange Offer.

         The Company and the Guarantors agree to use their reasonable best
efforts to keep the Shelf Registration Statement continuously effective until
the expiration of the period referred to in Rule 144(k) under the Securities Act
with respect to the Registrable Securities or such shorter period that will
terminate when all the Registrable Securities covered by the Shelf Registration
Statement have been sold pursuant to the Shelf Registration Statement (the
"Shelf Effectiveness Period"). The Company and the Guarantors further agree to
supplement or amend the Shelf Registration Statement and the related Prospectus
if required by the rules, regulations or instructions applicable to the
registration form used by the Company for such Shelf Registration Statement or
by the Securities Act or by any other rules and regulations thereunder for shelf
registration or if reasonably requested by a Holder of Registrable Securities
with respect to information relating to such Holder, and to use their reasonable
best efforts to cause any such amendment to become effective and such Shelf
Registration Statement and Prospectus to become usable as soon as thereafter
practicable. The Company and the Guarantors agree to furnish to the Holders of
Registrable Securities copies of any such supplement or amendment promptly after
its being used or filed with the SEC.

         (c)      The Company and the Guarantors shall pay all Registration
Expenses in connection with the registration pursuant to Section 2(a) and
Section 2(b) hereof. Each Holder shall pay all underwriting discounts and
commissions and transfer taxes, if any, relating to the sale or disposition of
such Holder's Registrable Securities pursuant to the Shelf Registration
Statement and any of such Holder's personal legal fees and expenses (except as
expressly set forth in the definition of Registration Expenses).

         (d)      An Exchange Offer Registration Statement pursuant to Section
2(a) hereof or a Shelf Registration Statement pursuant to Section 2(b) hereof
will not be deemed to have become effective unless it has been declared
effective by the SEC.

         In the event that either the Exchange Offer is not completed or the
Shelf Registration Statement, if required hereby, is not declared effective on
or prior to October 11, 2004 (the "Target Registration Date"), the interest rate
on the Registrable Securities will be increased by (i) 0.25% per annum for the
first 90-day period immediately following the Target Registration Date and (ii)
an additional 0.25% per annum with respect to each subsequent 90-day period, in
each case until the Exchange Offer is completed or the Shelf Registration
Statement, if required hereby, is declared effective by the SEC or the
Securities

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become freely tradable under the Securities Act, up to a maximum of 1.00% per
annum of additional interest.

         If the Shelf Registration Statement has been declared effective and
thereafter either ceases to be effective or the Prospectus contained therein
ceases to be usable at any time during the Shelf Effectiveness Period, and such
failure to remain effective or usable exists for more than 30 consecutive days
(or more than 60 days total, whether or not consecutive) in any 12-month period,
then the interest rate on the Registrable Securities will be increased by 0.25%
per annum commencing on the 31st day or 61st day, as applicable, in such
12-month period (for the first 60 days thereafter and an additional 0.25% per
annum with respect to each subsequent 60-day period), in each case ending on
such date that the Shelf Registration Statement has again been declared
effective or the Prospectus again becomes usable, up to a maximum of 1.00% per
annum.

         (e)      Without limiting the remedies available to the Initial
Purchasers and the Holders, the Company and the Guarantors acknowledge that any
failure by the Company or the Guarantors to comply with their obligations under
Section 2(a) and Section 2(b) hereof may result in material irreparable injury
to the Initial Purchasers or the Holders for which there is no adequate remedy
at law, that it will not be possible to measure damages for such injuries
precisely and that, in the event of any such failure, the Initial Purchasers or
any Holder may obtain such relief as may be required to specifically enforce the
Company's and the Guarantors' obligations under Section 2(a) and Section 2(b)
hereof.

         3.       Registration Procedures. In connection with their obligations
pursuant to Section 2(a) and Section 2(b) hereof, the Company and the Guarantors
shall as expeditiously as possible:

         (a)      prepare and file with the SEC a Registration Statement on the
appropriate form under the Securities Act, which form (x) shall be selected by
the Company and the Guarantors (provided that the Company at its option may file
a combined Shelf Registration Statement with the Exchange Offer Registration
Statement, (y) shall, in the case of a Shelf Registration, be available for the
sale of the Registrable Securities by the selling Holders thereof and (z) shall
comply as to form in all material respects with the requirements of the
applicable form and include all financial statements required by the SEC to be
filed therewith; and use their reasonable best efforts to cause such
Registration Statement to become effective and remain effective for the
applicable period in accordance with Section 2 hereof;

         (b)      prepare and file with the SEC such amendments and
post-effective amendments to each Registration Statement as may be necessary to
keep such Registration Statement effective for the applicable period in
accordance with Section 2 hereof and cause each Prospectus to be supplemented by
any required prospectus supplement and, as so supplemented, to be filed pursuant
to

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Rule 424 under the Securities Act; and keep each Prospectus current during the
period described in Section 4(3) of and Rule 174 under the Securities Act that
is applicable to transactions by brokers or dealers with respect to the
Registrable Securities or Exchange Securities;

         (c)      in the case of a Shelf Registration, furnish to each Holder of
Registrable Securities, to counsel for the Initial Purchasers, to a single
counsel for such Holders and to each Underwriter of an Underwritten Offering of
Registrable Securities, if any, without charge, as many copies of each
Prospectus, including each preliminary Prospectus, and any amendment or
supplement thereto, in order to facilitate the sale or other disposition of the
Registrable Securities thereunder; and the Company and the Guarantors consent to
the use of such Prospectus and any amendment or supplement thereto in accordance
with applicable law by each of the selling Holders of Registrable Securities and
any such Underwriters in connection with the offering and sale of the
Registrable Securities covered by and in the manner described in such Prospectus
or any amendment or supplement thereto in accordance with applicable law;

         (d)      use their reasonable best efforts to register or qualify the
Registrable Securities under all applicable state securities or blue sky laws of
such jurisdictions as any Holder of Registrable Securities covered by a
Registration Statement shall reasonably request in writing by the time the
applicable Registration Statement is declared effective by the SEC; cooperate
with the Holders in connection with any filings required to be made with the
National Association of Securities Dealers, Inc.; and do any and all other acts
and things that may be reasonably necessary or advisable to enable each Holder
to complete the disposition in each such jurisdiction of the Registrable
Securities owned by such Holder; provided that neither the Company nor any
Guarantor shall be required to (i) qualify as a foreign corporation or other
entity or as a dealer in securities in any such jurisdiction where it would not
otherwise be required to so qualify, (ii) file any general consent to service of
process in any such jurisdiction or (iii) subject itself to taxation in any such
jurisdiction if it is not so subject;

         (e)      in the case of a Shelf Registration, notify each Holder of
Registrable Securities, a single counsel for such Holders and counsel for the
Initial Purchasers promptly and, if requested by any such Holder or counsel,
confirm such advice in writing (i) when a Registration Statement has become
effective and when any post-effective amendment thereto has been filed and
becomes effective, (ii) of any request by the SEC or any state securities
authority for amendments and supplements to a Registration Statement and
Prospectus or for additional information after the Registration Statement has
become effective, (iii) of the issuance by the SEC or any state securities
authority of any stop order suspending the effectiveness of a Registration
Statement or the initiation of any proceedings for that purpose, (iv) if,
between the effective date of a Registration

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Statement and the closing of any sale of Registrable Securities covered thereby,
the representations and warranties of the Company or any Guarantor contained in
any underwriting agreement, securities sales agreement or other similar
agreement, if any, relating to an offering of such Registrable Securities cease
to be true and correct in all material respects or if the Company or any
Guarantor receives any notification with respect to the suspension of the
qualification of the Registrable Securities for sale in any jurisdiction or the
initiation of any proceeding for such purpose, (v) of the happening of any event
during the period a Shelf Registration Statement is effective that makes any
statement made in such Registration Statement or the related Prospectus untrue
in any material respect or that requires the making of any changes in such
Registration Statement or Prospectus in order to make the statements therein, in
light of the circumstances under which they were made, not misleading and (vi)
of any determination by the Company or any Guarantor that a post-effective
amendment to a Registration Statement would be appropriate;

         (f)      use their reasonable best efforts to obtain the withdrawal of
any order suspending the effectiveness of a Registration Statement at the
earliest possible moment and provide prompt notice to each Holder of the
withdrawal of any such order;

         (g)      in the case of a Shelf Registration, furnish to each Holder of
Registrable Securities, without charge, at least one conformed copy of each
Registration Statement and any post-effective amendment thereto (without any
documents incorporated therein by reference or exhibits thereto, unless
requested);

         (h)      in the case of a Shelf Registration, cooperate with the
selling Holders of Registrable Securities to facilitate the timely preparation
and delivery of certificates representing Registrable Securities to be sold and
not bearing any restrictive legends and enable such Registrable Securities to be
issued in such denominations and registered in such names (consistent with the
provisions of the Indenture) as the selling Holders may reasonably request at
least one Business Day prior to the closing of any sale of Registrable
Securities;

         (i)      in the case of a Shelf Registration, upon the occurrence of
any event contemplated by Section 3(e)(v) hereof, use their reasonable best
efforts to prepare and file with the SEC a supplement or post-effective
amendment to a Registration Statement or the related Prospectus or any document
incorporated therein by reference or file any other required document so that,
as thereafter delivered to purchasers of the Registrable Securities, such
Prospectus will not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements therein, in the light of
the circumstances under which they were made, not misleading; and the Company
and the Guarantors shall notify the Holders of Registrable Securities to suspend
use of the Prospectus as promptly as practicable after the occurrence of such an
event, and

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such Holders hereby agree to suspend use of the Prospectus until the Company and
the Guarantors have amended or supplemented the Prospectus to correct such
misstatement or omission;

         (j)      a reasonable time prior to the filing of any Registration
Statement, any Prospectus, any amendment to a Registration Statement or
amendment or supplement to a Prospectus or of any document that is to be
incorporated by reference into a Registration Statement or a Prospectus after
initial filing of a Registration Statement, provide copies of such document to
the Initial Purchasers and their counsel (and, in the case of a Shelf
Registration Statement, to the Holders of Registrable Securities and their
counsel) and make such of the representatives of the Company and the Guarantors
as shall be reasonably requested by the Initial Purchasers or their counsel
(and, in the case of a Shelf Registration Statement, the Holders of Registrable
Securities or their counsel) available for discussion of such document; and the
Company and the Guarantors shall not, at any time after initial filing of a
Registration Statement, file any Prospectus, any amendment of or supplement to a
Registration Statement or a Prospectus, or any document that is to be
incorporated by reference into a Registration Statement or a Prospectus, of
which the Initial Purchasers and their counsel (and, in the case of a Shelf
Registration Statement, the Holders of Registrable Securities and their counsel)
shall not have previously been advised and furnished a copy or to which the
Initial Purchasers or their counsel (and, in the case of a Shelf Registration
Statement, the Holders or their counsel) shall reasonably object (provided that
the failure to provide any objections in writing within five Business Days after
receipt shall be deemed approval);

         (k)      obtain a CUSIP number for all Exchange Securities or
Registrable Securities, as the case may be, not later than the effective date of
a Registration Statement;

         (l)      use reasonable best efforts to cause the Indenture to be
qualified under the Trust Indenture Act in connection with the registration of
the Exchange Securities or Registrable Securities, as the case may be; cooperate
with the Trustee and the Holders to effect such changes to the Indenture as may
be required for the Indenture to be so qualified in accordance with the terms of
the Trust Indenture Act; and execute, and use their reasonable best efforts to
cause the Trustee to execute, all documents as may be required to effect such
changes and all other forms and documents required to be filed with the SEC to
enable the Indenture to be so qualified in a timely manner;

         (m)      in the case of a Shelf Registration, make available for
inspection by a representative of the Holders of the Registrable Securities (an
"Inspector"), any Underwriter participating in any disposition pursuant to such
Shelf Registration Statement, and a single set of attorneys and accountants
designated by the Holders, at reasonable times and in a reasonable manner, all
pertinent financial and other records, documents and properties of the Company
and the
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Guarantors, and cause the respective officers, directors and employees of the
Company and the Guarantors to supply all information reasonably requested by any
such Inspector, Underwriter, attorney or accountant in connection with a Shelf
Registration Statement; provided that if any such information is identified by
the Company or any Guarantor as being confidential or proprietary, each Person
receiving such information shall take such actions as are reasonably necessary
to protect the confidentiality of such information to the extent such action is
otherwise not inconsistent with, an impairment of or in derogation of the rights
and interests of any Inspector, Holder or Underwriter the transactions
contemplated hereunder);

         (n)      in the case of a Shelf Registration, use their reasonable best
efforts to cause all Registrable Securities to be listed on any securities
exchange or any automated quotation system on which similar securities issued or
guaranteed by the Company or any Guarantor are then listed if requested by the
Majority Holders, to the extent such Registrable Securities satisfy applicable
listing requirements;

         (o)      if reasonably requested by any Holder of Registrable
Securities covered by a Registration Statement, promptly incorporate in a
Prospectus supplement or post-effective amendment such information with respect
to such Holder as such Holder reasonably requests to be included therein and
make all required filings of such Prospectus supplement or such post-effective
amendment as soon as the Company has received notification of the matters to be
incorporated in such filing; and

         (p)      in the case of a Shelf Registration, enter into such customary
agreements and take all such other customary actions in connection therewith
(including those requested by the Holders of a majority in principal amount of
the Registrable Securities being sold) in order to expedite or facilitate the
disposition of such Registrable Securities including, but not limited to, an
Underwritten Offering and in such connection, (i) to the extent possible, make
such representations and warranties to the Holders and any Underwriters of such
Registrable Securities with respect to the business of the Company and its
subsidiaries, the Registration Statement, Prospectus and documents incorporated
by reference or deemed incorporated by reference, if any, in each case, in form,
substance and scope as are customarily made by issuers to underwriters in
underwritten offerings and confirm the same if and when requested, (ii) obtain
opinions of counsel to the Company and the Guarantors (which counsel and
opinions, in form, scope and substance, shall be reasonably satisfactory to the
Holders and such Underwriters and their respective counsel) addressed to each
selling Holder and Underwriter of Registrable Securities, covering the matters
customarily covered in opinions requested in underwritten offerings, (iii)
obtain "comfort" letters from the independent certified public accountants of
the Company and the Guarantors (and, if necessary, any other certified public
accountant of any subsidiary of the Company or any Guarantor, or

<PAGE>

of any business acquired by the Company or any Guarantor for which financial
statements and financial data are or are required to be included in the
Registration Statement) addressed to each selling Holder and Underwriter of
Registrable Securities, such letters to be in customary form and covering
matters of the type customarily covered in "comfort" letters in connection with
underwritten offerings and (iv) deliver such documents and certificates as may
be reasonably requested by the Holders of a majority in principal amount of the
Registrable Securities being sold or the Underwriters, and which are customarily
delivered in underwritten offerings, to evidence the continued validity of the
representations and warranties of the Company and the Guarantors made pursuant
to clause (i) above and to evidence compliance with any customary conditions
contained in an underwriting agreement.

         In the case of a Shelf Registration Statement, the Company may require
each Holder of Registrable Securities to furnish to the Company such information
regarding such Holder and the proposed disposition by such Holder of such
Registrable Securities as the Company and the Guarantors may from time to time
reasonably request in writing.

         In the case of a Shelf Registration Statement, each Holder of
Registrable Securities agrees that, upon receipt of any notice from the Company
and the Guarantors of the happening of any event of the kind described in
Section 3(e)(iii) or 3(e)(v) hereof, or in Section 3(e)(vi) if the Company
reasonably and in good faith determines that sales of Registrable Securities
would require premature disclosure of material nonpublic information, such
Holder will forthwith discontinue disposition of Registrable Securities pursuant
to a Registration Statement until such Holder's receipt of the copies of the
supplemented or amended Prospectus contemplated by Section 3(i) hereof and, if
so directed by the Company and the Guarantors, such Holder will deliver to the
Company and the Guarantors all copies in its possession, other than permanent
file copies then in such Holder's possession, of the Prospectus covering such
Registrable Securities that is current at the time of receipt of such notice.

         If the Company and the Guarantors shall give any such notice to suspend
the disposition of Registrable Securities pursuant to a Registration Statement,
the Company and the Guarantors shall extend the period during which the
Registration Statement shall be maintained effective pursuant to this Agreement
by the number of days during the period from and including the date of the
giving of such notice to and including the date when the Holders shall have
received copies of the supplemented or amended Prospectus necessary to resume
such dispositions. The Company and the Guarantors may give any such notice only
twice during any 365-day period and any such suspensions shall not exceed 30
days for each suspension and there shall not be more than two suspensions in
effect during any 365-day period.

<PAGE>

         The Holders of Registrable Securities covered by a Shelf Registration
Statement who desire to do so may sell such Registrable Securities in an
Underwritten Offering. In any such Underwritten Offering, the investment banker
or investment bankers and manager or managers (the "Underwriters") that will
administer the offering will be selected by the Majority Holders (and reasonably
acceptable to the Company) of the Registrable Securities to be included in such
offering.

         4.       Participation of Broker-Dealers in Exchange Offer. (a) The
Staff of the SEC has taken the position that any broker-dealer that receives
Exchange Securities for its own account in the Exchange Offer in exchange for
Securities that were acquired by such broker-dealer as a result of market-making
or other trading activities (a "Participating Broker-Dealer") may be deemed to
be an "underwriter" within the meaning of the Securities Act and must deliver a
prospectus meeting the requirements of the Securities Act in connection with any
resale of such Exchange Securities.

         The Company and the Guarantors understand that it is the Staff's
position that if the Prospectus contained in the Exchange Offer Registration
Statement includes a plan of distribution containing a statement to the above
effect and the means by which Participating Broker-Dealers may resell the
Exchange Securities, without naming the Participating Broker-Dealers or
specifying the amount of Exchange Securities owned by them, such Prospectus may
be delivered by Participating Broker-Dealers to satisfy their prospectus
delivery obligation under the Securities Act in connection with resales of
Exchange Securities for their own accounts, so long as the Prospectus otherwise
meets the requirements of the Securities Act.

         (b)      In light of the above, and notwithstanding the other
provisions of this Agreement, the Company and the Guarantors agree to amend or
supplement the Prospectus contained in the Exchange Offer Registration
Statement, as would otherwise be contemplated by Section 3(i), for a period of
up to 180 days after the last Exchange Date (as such period may be extended
pursuant to the penultimate paragraph of Section 3 of this Agreement), if
requested by the Initial Purchasers or by one or more Participating
Broker-Dealers, in order to expedite or facilitate the disposition of any
Exchange Securities by Participating Broker-Dealers consistent with the
positions of the Staff recited in Section 4(a) above. The Company and the
Guarantors further agree that Participating Broker-Dealers shall be authorized
to deliver such Prospectus during such period in connection with the resales
contemplated by this Section 4.

         (c)      The Initial Purchasers shall have no liability to the Company,
any Guarantor or any Holder with respect to any request that they may make
pursuant to Section 4(b) above.

<PAGE>

         5.       Indemnification and Contribution. (a) The Company and each
Guarantor, jointly and severally, agree to indemnify and hold harmless each
Initial Purchaser and each Holder, their respective affiliates, directors and
officers and each Person, if any, who controls any Initial Purchaser or any
Holder within the meaning of Section 15 of the Securities Act or Section 20 of
the Exchange Act, from and against any and all losses, claims, damages and
liabilities (including, without limitation, legal fees and other expenses
incurred in connection with any suit, action or proceeding or any claim
asserted, as such fees and expenses are incurred), joint or several, that arise
out of, or are based upon, any untrue statement or alleged untrue statement of a
material fact contained in any Registration Statement or any Prospectus or any
omission or alleged omission to state therein a material fact required to be
stated therein or necessary in order to make the statements therein, in the
light of the circumstances under which they were made, not misleading, except
insofar as such losses, claims, damages or liabilities arise out of, or are
based upon, any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with any information relating
to any Initial Purchaser or any Holder furnished to the Company in writing
through J.P. Morgan Securities Inc. or any selling Holder expressly for use
therein. In connection with any Underwritten Offering permitted by Section 3,
the Company and the Guarantors, jointly and severally, will also indemnify the
Underwriters, if any, selling brokers, dealers and similar securities industry
professionals participating in the distribution, their respective affiliates and
each Person who controls such Persons (within the meaning of the Securities Act
and the Exchange Act) to the same extent as provided above with respect to the
indemnification of the Holders, if requested in connection with any Registration
Statement.

         (b)      Each Holder agrees, severally and not jointly, to indemnify
and hold harmless the Company, the Guarantors, the Initial Purchasers and the
other selling Holders, their respective affiliates, the directors of the Company
and the Guarantors, each officer of the Company and the Guarantors who signed
the Registration Statement and each Person, if any, who controls the Company,
the Guarantors, any Initial Purchaser and any other selling Holder within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to
the same extent as the indemnity set forth in paragraph (a) above, but only with
respect to any losses, claims, damages or liabilities that arise out of, or are
based upon, any untrue statement or omission or alleged untrue statement or
omission made in reliance upon and in conformity with any information relating
to such Holder furnished to the Company in writing by such Holder expressly for
use in any Registration Statement and any Prospectus.

         (c)      If any suit, action, proceeding (including any governmental or
regulatory investigation), claim or demand shall be brought or asserted against
any Person in respect of which indemnification may be sought pursuant to either
paragraph (a) or (b) above, such Person (the "Indemnified Person") shall

<PAGE>

promptly notify the Person against whom such indemnification may be sought (the
"Indemnifying Person") in writing; provided that the failure to notify the
Indemnifying Person shall not relieve it from any liability that it may have
under this Section 5 except to the extent that it has been materially prejudiced
(through the forfeiture of substantive rights or defenses) by such failure; and
provided, further, that the failure to notify the Indemnifying Person shall not
relieve it from any liability that it may have to an Indemnified Person
otherwise than under this Section 5. If any such proceeding shall be brought or
asserted against an Indemnified Person and it shall have notified the
Indemnifying Person thereof, the Indemnifying Person shall retain counsel
reasonably satisfactory to the Indemnified Person to represent the Indemnified
Person and any others entitled to indemnification pursuant to this Section 5
that the Indemnifying Person may designate in such proceeding and shall pay the
fees and expenses of such counsel related to such proceeding, as incurred. In
any such proceeding, any Indemnified Person shall have the right to retain its
own counsel, but the fees and expenses of such counsel shall be at the expense
of such Indemnified Person unless (i) the Indemnifying Person and the
Indemnified Person shall have mutually agreed to the contrary; (ii) the
Indemnifying Person has failed within a reasonable time to retain counsel
reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person
shall have reasonably concluded upon advice of counsel that there may be legal
defenses available to it that are different from or in addition to those
available to the Indemnifying Person; or (iv) the named parties in any such
proceeding (including any impleaded parties) include both the Indemnifying
Person and the Indemnified Person and representation of both parties by the same
counsel would be inappropriate due to actual or potential differing interests
between them. It is understood and agreed that the Indemnifying Person shall
not, in connection with any proceeding or related proceeding in the same
jurisdiction, be liable for the fees and expenses of more than one separate firm
(in addition to any local counsel) for all Indemnified Persons, and that all
such fees and expenses shall be reimbursed as they are incurred. Any such
separate firm (x) for any Initial Purchaser, its affiliates, directors and
officers and any control Persons of such Initial Purchaser shall be designated
in writing by J.P. Morgan Securities Inc., (y) for any Holder, its affiliates,
directors and officers and any control Persons of such Holder shall be
designated in writing by the Majority Holders and (z) in all other cases shall
be designated in writing by the Company. The Indemnifying Person shall not be
liable for any settlement of any proceeding effected without its prior written
consent, but if settled with such consent or if there be a final judgment for
the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified
Person from and against any loss or liability by reason of such settlement or
judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified
Person shall have requested that an Indemnifying Person reimburse the
Indemnified Person for fees and expenses of counsel as contemplated by this
paragraph, the Indemnifying Person shall be liable for any settlement of any
proceeding effected without its written consent if (i) such settlement is
entered into more than 30 days after receipt by the Indemnifying Person of such
request and (ii) the Indemnifying Person shall not have

<PAGE>

reimbursed the Indemnified Person in accordance with such request prior to the
date of such settlement. No Indemnifying Person shall, without the written
consent of the Indemnified Person, effect any settlement of any pending or
threatened proceeding in respect of which any Indemnified Person is or could
have been a party and indemnification could have been sought hereunder by such
Indemnified Person, unless such settlement (A) includes an unconditional release
of such Indemnified Person, in form and substance reasonably satisfactory to
such Indemnified Person, from all liability on claims that are the subject
matter of such proceeding and (B) does not include any statement as to or any
admission of fault, culpability or a failure to act by or on behalf of any
Indemnified Person.

         (d)      If the indemnification provided for in paragraphs (a) and (b)
above is unavailable to an Indemnified Person or insufficient in respect of any
losses, claims, damages or liabilities referred to therein, then each
Indemnifying Person under such paragraph, in lieu of indemnifying such
Indemnified Person thereunder, shall contribute to the amount paid or payable by
such Indemnified Person as a result of such losses, claims, damages or
liabilities (i) in such proportion as is appropriate to reflect the relative
benefits received by the Company and the Guarantors from the offering of the
Securities and the Exchange Securities, on the one hand, and by the Holders from
receiving Securities or Exchange Securities registered under the Securities Act,
on the other hand, or (ii) if the allocation provided by clause (i) is not
permitted by applicable law, in such proportion as is appropriate to reflect not
only the relative benefits referred to in clause (i) but also the relative fault
of the Company and the Guarantors on the one hand and the Holders on the other
in connection with the statements or omissions that resulted in such losses,
claims, damages or liabilities, as well as any other relevant equitable
considerations. The relative fault of the Company and the Guarantors on the one
hand and the Holders on the other shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact
or the omission or alleged omission to state a material fact relates to
information supplied by the Company and the Guarantors or by the Holders and the
parties' relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission.

         (e)      The Company, the Guarantors and the Holders agree that it
would not be just and equitable if contribution pursuant to this Section 5 were
determined by pro rata allocation (even if the Holders were treated as one
entity for such purpose) or by any other method of allocation that does not take
account of the equitable considerations referred to in paragraph (d) above. The
amount paid or payable by an Indemnified Person as a result of the losses,
claims, damages and liabilities referred to in paragraph (d) above shall be
deemed to include, subject to the limitations set forth above, any legal or
other expenses incurred by such Indemnified Person in connection with any such
action or claim. Notwithstanding the provisions of this Section 5, in no event
shall a Holder be

<PAGE>

required to contribute any amount in excess of the amount by which the total
price at which the Securities or Exchange Securities sold by such Holder exceeds
the amount of any damages that such Holder has otherwise been required to pay by
reason of such untrue or alleged untrue statement or omission or alleged
omission. No Person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from
any Person who was not guilty of such fraudulent misrepresentation.

         (f)      The remedies provided for in this Section 5 are not exclusive
and shall not limit any rights or remedies that may otherwise be available to
any Indemnified Person at law or in equity.

         (g)      The indemnity and contribution provisions contained in this
Section 5 shall remain operative and in full force and effect regardless of (i)
any termination of this Agreement, (ii) any investigation made by or on behalf
of the Initial Purchasers or any Holder, their respective affiliates or any
Person controlling any Initial Purchaser or any Holder, or by or on behalf of
the Company or the Guarantors, their respective affiliates or the officers or
directors of or any Person controlling the Company or the Guarantors, (iii)
acceptance of any of the Exchange Securities and (iv) any sale of Registrable
Securities pursuant to a Shelf Registration Statement.

         6.       General.

         (a)      No Inconsistent Agreements. The Company and the Guarantors
represent, warrant and agree that (i) the rights granted to the Holders
hereunder do not in any way conflict with and are not inconsistent with the
rights granted to the holders of any other outstanding securities issued or
guaranteed by the Company or any Guarantor under any other agreement and (ii)
neither the Company nor any Guarantor has entered into, or on or after the date
of this Agreement will enter into, any agreement that is inconsistent with the
rights granted to the Holders of Registrable Securities in this Agreement or
otherwise conflicts with the provisions hereof.

         (b)      Amendments and Waivers. The provisions of this Agreement,
including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given unless the Company and the Guarantors have obtained the written
consent of Holders of at least a majority in aggregate principal amount of the
outstanding Registrable Securities affected by such amendment, modification,
supplement, waiver or consent; provided that no amendment, modification,
supplement, waiver or consent to any departure from the provisions of Section 5
hereof shall be effective as against any Holder of Registrable Securities unless
consented to in writing by such Holder. Any amendments, modifications,
supplements, waivers or consents pursuant to this Section 6(b) shall be by a
writing executed by each of the parties hereto.

<PAGE>

         (c)      Notices. All notices and other communications provided for or
permitted hereunder shall be made in writing by hand-delivery, registered
first-class mail, telex, telecopier, or any courier guaranteeing overnight
delivery (i) if to a Holder, at the most current address given by such Holder to
the Company by means of a notice given in accordance with the provisions of this
Section 6(c), which address initially is, with respect to the Initial
Purchasers, the address set forth in the Purchase Agreement; (ii) if to the
Company and the Guarantors, initially at the Company's address set forth in the
Purchase Agreement and thereafter at such other address, notice of which is
given in accordance with the provisions of this Section 6(c); and (iii) to such
other persons at their respective addresses as provided in the Purchase
Agreement and thereafter at such other address, notice of which is given in
accordance with the provisions of this Section 6(c). All such notices and
communications shall be deemed to have been duly given: at the time delivered by
hand, if personally delivered; five Business Days after being deposited in the
mail, postage prepaid, if mailed; when answered back, if telexed; when receipt
is acknowledged, if telecopied; and on the next Business Day if timely delivered
to an air courier guaranteeing overnight delivery. Copies of all such notices,
demands or other communications shall be concurrently delivered by the Person
giving the same to the Trustee, at the address specified in the Indenture.

         (d)      Successors and Assigns. This Agreement shall inure to the
benefit of and be binding upon the successors, assigns and transferees of each
of the parties, including, without limitation and without the need for an
express assignment, subsequent Holders; provided that nothing herein shall be
deemed to permit any assignment, transfer or other disposition of Registrable
Securities in violation of the terms of the Purchase Agreement or the Indenture.
If any transferee of any Holder shall acquire Registrable Securities in any
manner, whether by operation of law or otherwise, such Registrable Securities
shall be held subject to all the terms of this Agreement, and by taking and
holding such Registrable Securities such Person shall be conclusively deemed to
have agreed to be bound by and to perform all of the terms and provisions of
this Agreement and such Person shall be entitled to receive the benefits hereof.
The Initial Purchasers (in their capacity as Initial Purchasers) shall have no
liability or obligation to the Company or the Guarantors with respect to any
failure by a Holder to comply with, or any breach by any Holder of, any of the
obligations of such Holder under this Agreement.

         (e)      Purchases and Sales of Securities. The Company and the
Guarantors shall not, and shall use their reasonable best efforts to cause their
affiliates (as defined in Rule 405 under the Securities Act) not to, purchase
and then resell or otherwise transfer any Registrable Securities.

         (f)      Third Party Beneficiaries. Each Holder shall be a third party
beneficiary to the agreements made hereunder between the Company and the

<PAGE>

Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and
shall have the right to enforce such agreements directly to the extent it deems
such enforcement necessary or advisable to protect its rights or the rights of
other Holders hereunder.

         (g)      Counterparts. This Agreement may be executed in any number of
counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken
together shall constitute one and the same agreement.

         (h)      Headings. The headings in this Agreement are for convenience
of reference only, are not a part of this Agreement and shall not limit or
otherwise affect the meaning hereof.

         (i)      Governing Law. This Agreement shall be governed by and
construed in accordance with the laws of the State of New York.

         (j)      Miscellaneous. This Agreement contains the entire agreement
between the parties relating to the subject matter hereof and supersedes all
oral statements and prior writings with respect thereto. If any term, provision,
covenant or restriction contained in this Agreement is held by a court of
competent jurisdiction to be invalid, void or unenforceable or against public
policy, the remainder of the terms, provisions, covenants and restrictions
contained herein shall remain in full force and effect and shall in no way be
affected, impaired or invalidated. The Company, the Guarantors and the Initial
Purchasers shall endeavor in good faith negotiations to replace the invalid,
void or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the invalid, void or unenforceable
provisions.

                  [Remainder of page intentionally left blank]

<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first written above.

                                  VICORP RESTAURANTS, INC.

                                  By: /s/ Debra Koenig
                                      -------------------------------
                                  Name: Debra Koenig
                                  Title: Chief Executive Officer

                                  VI ACQUISITION CORP.

                                  By: /s/ Debra Koenig
                                      -------------------------------
                                  Name: Debra Koenig
                                  Title: Executive Vice President

                                  VILLAGE INN PANCAKE HOUSE OF ALBUQUERQUE INC.

                                  By: /s/ Debra Koenig
                                      -------------------------------
                                  Name: Debra Koenig
                                  Title: Chief Executive Officer

Confirmed and accepted as of the date first above written:

J.P. MORGAN SECURITIES INC.

For itself and on behalf of the
several Initial Purchasers

By /s/ John Abraham
   -----------------------------------
   Authorized Signatory<PAGE>

                                                                    Exhibit 10.1

                                                                  EXECUTION COPY

                             STOCKHOLDERS AGREEMENT

      THIS STOCKHOLDERS AGREEMENT (this "Agreement") is made as of June 13,
2003, by and among (i) VI ACQUISITION CORP., a Delaware corporation (the
"Company"), (ii) WIND POINT PARTNERS IV, L.P., WIND POINT PARTNERS V, L.P. and
WIND POINT IV EXECUTIVE ADVISOR PARTNERS, L.P., each of which is a Delaware
limited partnership, and WIND POINT ASSOCIATES IV, LLC, a Delaware limited
liability company (collectively, "WPP"), (iii) MID OAKS INVESTMENTS LLC, a
Delaware limited liability company ("Mid Oaks"), (iv) A.G. EDWARDS PRIVATE
EQUITY PARTNERS QP II, L.P. and A.G. EDWARDS PRIVATE EQUITY PARTNERS II, L.P.,
each of which is a Delaware limited partnership (collectively, "AGE"), (v) DEBRA
KOENIG ("Koenig"), (vi) WALTER VAN BENTHUYSEN ("van Benthuysen," and together
with WPP, Mid Oaks, AGE, Koenig, and any additional purchaser deemed an Investor
pursuant to Section 14 hereof, the "Investors"), (vii) the executives and other
employees identified on the signature pages to this Agreement (each
individually, an "Executive" and collectively the "Executives"), and (viii) each
of the entities set forth on Exhibit A attached hereto (the "Initial
Warrantholders"), and each of their permitted assigns who executes a counterpart
to become a party to this Agreement (collectively, together with the Initial
Warrantholders, the "Warrant Security Holders.") The Investors, the Executives
and the Warrant Security Holders are collectively referred to herein, along with
other stockholders who become parties to this Agreement pursuant to the
provisions of Section 14, as the "Stockholders" and each, individually, as a
"Stockholder." Capitalized terms used but not otherwise defined herein are
defined in Section 12 hereof.

      In connection with the execution of this Agreement, the Investors and the
Executives purchased shares of the Company's Common Stock, par value $0.0001 per
share (the "Common Stock"), and shares of the Company's Series A Preferred
Stock, par value $0.0001 per share (the "Preferred Stock"), pursuant to that
certain Stock Purchase Agreement among the Investors, the Executives and the
Company dated as of the date hereof (as amended or supplemented from time to
time, the "Stock Purchase Agreement") or otherwise have acquired Common Stock or
options to purchase Preferred Stock. In connection with the execution of an
Investment Agreement among the Company, VICORP Restaurants Inc., a Colorado
corporation and wholly-owned subsidiary of the Company ("VICORP"), and the
initial Warrant Security Holders dated as of the date hereof (the "Investment
Agreement") and this Agreement, the initial Warrant Security Holders received
warrants to purchase shares of Common Stock, subject to adjustment as provided
therein (the "Common Warrants") and warrants to purchase a number of shares of
Preferred Stock of the Company equal in the aggregate to 6% of all amounts
accreted and distributed upon the outstanding Preferred Stock in excess of the
initial aggregate liquidation value thereof (the "Preferred Warrants" and,
together with the Common Warrants, the "Warrants").

      The execution and delivery of this Agreement is a condition to the
Investors' purchase of Common Stock and Preferred Stock pursuant to the Stock
Purchase Agreement and the issuance of the Warrants pursuant to the Investment
Agreement.

<PAGE>

      NOW, THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, and intending to be legally bound, the parties to this
Agreement hereby agree as follows:

      1.    Governing Bodies.

      (a)   Voting Agreement. Each Stockholder (other than the Warrant Security
Holders) agrees that so long as WPP or any of its Affiliates owns at least
twenty percent (20%) of the outstanding Common Stock, such Stockholder shall
vote all of such Stockholder's shares of Common Stock and any other voting
Securities of the Company over which such Stockholder has voting control and
shall take all other actions reasonably necessary or desirable within such
Stockholder's control (whether in such Stockholder's capacity as a stockholder,
director, member of a board committee or officer of the Company or otherwise,
and including, without limitation, attendance at meetings in person or by proxy
for purposes of obtaining a quorum and execution of written consents in lieu of
meetings), and the Company shall take all necessary and desirable actions within
its control (including, without limitation, calling special board and
stockholder meetings), so that:

      (i)   the authorized number of members on the Governing Bodies of Company
and VICORP shall comprise at least five (5) but no more than seven (7) members;
and

      (ii)  the following Persons shall be elected to the Governing Bodies of
Company and VICORP:

            (A)   at least two (2) members designated by WPP (the "WPP
      Members");

            (B)   one (1) member designated by Mid Oaks (during such times as
      Mid Oaks holds at least 85,655 shares (as adjusted for stock splits, stock
      dividends, recapitalizations and the like) of the Common Stock and subject
      to WPP's reasonable approval (the "Mid Oaks Member"); provided, however,
      that during such times as Mid Oaks holds less than 85,655 shares (as
      adjusted for stock splits, stock dividends, recapitalizations and the
      like) of the Common Stock, there shall be no Mid Oaks Member and, in order
      to fill the vacancy created by the absence of the Mid Oaks Member, there
      shall be an additional WPP Member designated by WPP, and provided further
      that for purposes of this section Mid Oaks shall be deemed to own any
      shares that are transferred by Mid Oaks to its Affiliates or employees
      pursuant to Section 5(f)(ii);

            (C)   up to three (3) members designated by WPP (the "Outside
      Members"); provided that no Outside Member shall be (x) a member of the
      Company's management or an employee or officer of the Company or its
      subsidiaries, or (y) a member of WPP's management or management of any of
      its affiliates, it being understood that nothing in this clause (y) shall
      disqualify any person from being an "Outside Member" solely by reason of
      (A) such person holding an ownership interest in any WPP executive advisor
      entity and/or (B) such person serving as a director or non-executive
      chairman of any WPP or Company affiliate; and

                                       2
<PAGE>

            (D)   one (1) member designated by WPP who shall be an executive
      officer of the Company;

it being understood that so long as WPP owns at least twenty percent (20%) of
the outstanding Common Stock, WPP shall at all times have the right, exercisable
in its sole discretion, to select at least a majority of any Governing Body;

      (iii) the removal from any Governing Body (with or without cause) of any
WPP Member or the Mid Oaks Member, if applicable, shall be only upon the written
request to the Board of the Stockholder or Stockholders entitled to designate
such director pursuant to Section 1(a)(ii) above;

      (iv)  in the event that any representative designated hereunder for any
reason ceases to serve as a member of any Governing Body during his or her term
of office, the resulting vacancy on the Governing Body shall be filled by a
representative designated by the Person or Persons entitled to designate such
director pursuant to Section 1(a)(ii) above; and

      (v)   if any party fails (but is otherwise entitled) to designate a
representative to any Governing Body pursuant to the terms of this Section 1,
the election of a Person to such Governing Body shall be accomplished in
accordance with the Organizational Documents and applicable law; provided that
the parties shall take all necessary actions to remove such individual if the
party or parties which failed (and are otherwise entitled) to designate such a
representative so directs.

      (b)   Other Subsidiaries. The Governing Bodies of VICORP's subsidiaries
shall be comprised as determined by the Governing Body of VICORP.

      (c)   Required Meetings; Expenses; Insurance. There shall be at least four
(4) meetings of the Governing Body of Company during every fiscal year, at least
one (1) of which shall be held in each ninety (90) day period during the
Company's fiscal year. The Company or VICORP, as the case may be, shall pay all
out-of-pocket expenses incurred by each member of such Person's Governing Body
in connection with attending regular and special meetings of that Governing
Body. The Company and VICORP, as applicable, shall maintain customary directors
and officers' insurance covering members of such Person's Governing Body in
amounts commensurate with similarly-situated companies.

      (d)   Observer Rights.

      (i)   The following persons shall have observer rights with respect to
meetings of the Governing Bodies of the Company and its subsidiaries, and any
committees of such Governing Bodies (the person or persons so designated to
serve as an observer, the "Observer"), and the Company, VICORP or the relevant
subsidiary, as the case may be, will reimburse such Observer for all reasonable
out-of-pocket costs incurred by such Person in connection with traveling to and
from and attending such meetings:

            (A)   So long as any Warrants, Warrant Stock or Notes remain
      outstanding, the Company will, and will cause its subsidiaries to, (i)
      permit the Warrant Security Holders (other than Gleacher Mezzanine Fund P,
      L.P.) to have a total of three (3) Observers, who

                                       3
<PAGE>

      shall be designated from time to time by the holders of the Warrants or
      Warrant Stock (other than Gleacher Mezzanine Fund P, L.P.).

            (B)   So long as AGE holds at least 34,262 shares (as adjusted for
      stock splits, stock dividends, recapitalizations and the like) of Common
      Stock, the Company will, and will cause its subsidiaries to, (i) permit
      AGE to have one (1) Observer, who shall initially be Patricia A. Dahl.

            (C)   If WPP and its Affiliates cease to hold at least twenty (20%)
      of the issued and outstanding Common Stock and there are no longer any WPP
      Members, but WPP (or any of its Affiliates) still continue to hold Common
      Stock, then WPP shall have the right to designate one (1) Observer.

      (ii)  The Observer shall be sent notice of the time and place of any such
meetings in the same manner and at the same time as notice is sent to members of
the applicable Governing Body and any committees thereof and shall be sent
copies of all notices, reports, minutes, consents and other documents at the
time and in the manner as they are provided to the other members of the relevant
Governing Body and/or committee thereof.

      (iii) Notwithstanding the foregoing, any Observer may be temporarily
excluded from meetings of any Governing Body or committee thereof and materials
provided to the Observer in connection with such meetings may be redacted if:
(A) the reason for such exclusion or such redaction is solely to preserve an
attorney-client privilege available to the Company or any subsidiary, as
applicable, that would be lost absent such exclusion or redaction; and (b) such
exclusion or such redaction (as the case may be) is necessary to preserve such
attorney-client privilege and otherwise is required in the good faith
determination of the applicable Governing Body, and such Governing Body delivers
to the excluded Observer an opinion of independent counsel to the effect that
such exclusion or redaction is necessary to preserve such privilege and a
certificate of an executive officer of the Company or the relevant subsidiary,
as the case may be, that such exclusion or redaction, as the case may be, is
material to such entity.

      (e)   Quorum. At all meetings of any Governing Body, members entitled to
cast a majority of the votes of the entire Governing Body shall constitute a
quorum for the transaction of business and the act of members entitled to cast a
majority of the votes present at any meeting at which there is a quorum shall be
the act of the Governing Body, except as may be otherwise specifically provided
by Delaware law or by the Organizational Documents of the Company.
Notwithstanding the foregoing, for so long as WPP holds twenty percent (20%) or
more of the outstanding Common Stock, a quorum shall not be present for the
transaction of business of any Governing Body unless all of the WPP Members
shall be present at a meeting of such Governing Body. If a quorum shall not be
present at any meeting of the Governing Body, then the members of the Governing
Body present thereat may adjourn the meeting from time to time, without notice
other than announcement at the meeting, until a quorum shall be present.

      2.    Irrevocable Proxy; Conflicting Agreements.

      (a)   Grant of Proxy. In order to secure each Executive's and each
Additional Executive's obligation to vote his or her Common Stock and other
voting securities of the

                                       4
<PAGE>

Company in accordance with the provisions of Section 1 and Section 7 hereof, and
for other good and valuable consideration, each Executive and each Additional
Executive hereby appoints Wind Point Partners V, L.P., as his or her true and
lawful proxies and attorneys-in-fact, with full power of substitution, to vote
all of his or her Common Stock and other voting securities of the Company on all
matters that may be submitted to a vote of the holders of Common Stock. Wind
Point Partners V, L.P. may exercise the irrevocable proxies granted to it
hereunder at any time any Executive or any Additional Executive fails to comply
with the provisions of this Agreement. The proxies and powers granted by each
Executive and each Additional Executive pursuant to this Section 2 are coupled
with an interest and are given to secure the performance of each Executive's and
each Additional Executive's obligations to the Investors under this Agreement.
Such proxies and powers will be irrevocable for the term of this Agreement and
will survive the death, incompetency and disability of each Executive and each
Additional Executive and the respective holders of their Securities.

      (b)   No Conflict. Each Stockholder represents that he, she or it has not
granted and is not a party to any proxy, voting trust or other agreement which
is inconsistent with or conflicts with the provisions of this Agreement, and no
Holder of Securities shall grant any proxy or become party to any voting trust
or other agreement which is inconsistent with or conflicts with the provisions
of this Agreement; provided that this Section 2(b) applies to the Warrant
Security Holders only with respect to Section 7.

      3.    Legend. Each certificate evidencing Securities and each certificate
issued in exchange for or upon the transfer of any Securities (if such shares
remain Securities as defined herein after such transfer) shall (in addition to
any other legends required by the terms of such Securities or the agreements
under which such Securities were issued) be stamped or otherwise imprinted with
a legend in substantially the following form:

            "The securities represented by this certificate were originally
            issued on ___________, 2003 and have not been registered under the
            Securities Act of 1933, as amended. The transfer of the securities
            represented by this certificate is subject to the conditions
            specified in the Stockholders Agreement dated as of ______________,
            2003, among the issuer (the "Company") and certain investors, and
            the Company reserves the right to refuse the transfer of such
            securities until such conditions have been fulfilled with respect to
            such transfer. A copy of such conditions shall be furnished by the
            Company to the holder hereof upon written request and without
            charge."

The Company shall imprint such legend on certificates evidencing Securities
outstanding prior to the date hereof. The legend set forth above shall be
removed from the certificates evidencing any securities that cease to be
Securities.

      4.    Disposition of Securities. No Holder may transfer, sell, convey,
exchange, pledge, hypothecate or otherwise dispose of (collectively, "Transfer")
any Securities, except in compliance with Sections 5, 6, 7, 8 and 13 hereof,
pursuant to Sections 1 or 2 of the Registration Rights Agreement or pursuant to
Rule 144 promulgated pursuant to the Securities Act. Any attempted Transfer
other than in accordance with this Agreement shall be null and void. In

                                       5
<PAGE>

addition to the foregoing, no Executive or Additional Executive may Transfer any
Executive Shares until they become vested pursuant to such Executive's or
Additional Executive's Senior Management Agreement. The provisions of this
Section 4 are subject, as to each Executive or Additional Executive, to the
Company's Repurchase Option (as that term is defined in such Executive's or
Additional Executive's Management Agreement).

      5.    Right of First Refusal. Prior to making any Transfer (other than
pursuant to Section 5(f) or pursuant to Sections 6, 7 or 8 hereof), any
Stockholder proposing such Transfer (a "Disposing Stockholder"), the Disposing
Stockholder agrees not to consummate any such Transfer until the parties to the
Transfer have been finally determined pursuant to this Section 5 (the
"Authorization Date").

      (a)   Sale Notice by Disposing Stockholder. The Disposing Stockholder will
deliver a written notice (the "Sale Notice") to the Company, and each of the
other Holders who are not the Disposing Stockholder (collectively, the "Other
Stockholders") disclosing in reasonable detail the identity of the prospective
transferees, the Securities proposed to be Transferred (the "Offered
Securities") and the terms and conditions of the proposed Transfer.

      (b)   Company Election. The Company may elect to purchase all or a portion
of the Offered Securities upon the same terms and conditions as those set forth
in the Sale Notice by delivering a written notice of such election to the
Disposing Stockholder and Other Stockholders within fifteen (15) days after the
receipt of the Sale Notice by the Company. If the Company elects to purchase
less than all of the Offered Securities, it will so notify the Other
Stockholders (the "Availability Notice," and the Offered Securities that the
Company did not subscribe for (the "Available Securities").

      (c)   Purchase by Other Stockholders. Each Other Stockholder may elect to
purchase all or a portion of its pro-rata portion (calculated with reference to
Diluted Common Stock or Diluted Preferred Stock, as applicable) of the Available
Securities upon the same terms and conditions as those set forth in the Sale
Notice by delivering a written notice of such election to the Disposing
Stockholder and the Company within fifteen (15) days after the receipt of the
Availability Notice from the Company. In the event that any Other Stockholder
elects to purchase less than its pro-rata portion of the Available Securities
(the nonsubscribed portion, the "Nonsubscribed Available Securities" and the
Other Stockholder so electing, the "Undersubscribing Stockholder"), the Company
will notify (the "Undersubscription Notice") the Other Stockholders who have
elected to fully exercise their rights hereunder (the "Subscribing
Stockholders").

      (d)   Purchase by Subscribing Stockholders. Any Subscribing Stockholder
may elect to purchase all of such Subscribing Stockholder's pro-rata portion of
the Nonsubscribed Available Securities (allocated pro-rata based upon such
Subscribing Stockholder's respective ownership of Diluted Common Stock or
Diluted Preferred Stock, as applicable, compared to the aggregate ownership of
Diluted Common Stock or Diluted Preferred Stock, as applicable, of all
Subscribing Stockholders) upon the same terms and conditions as those set forth
in the Sale Notice by delivering a written notice of such election to the
Disposing Stockholder and the Company within fifteen (15) days after the receipt
of Undersubscription Notice.

                                       6
<PAGE>

      (e)   Time for Completion. If the Other Stockholders and/or the Company
have not elected to purchase all of the Offered Securities within forty-five
(45) days after the delivery of the Sale Notice, or have so elected to purchase
the Offered Securities but have not consummated the purchase of the Offered
Securities within sixty (60) days of the delivery of the Sale Notice, the
Disposing Stockholder may Transfer the Offered Securities not purchased by the
Other Stockholders and/or the Company at a price and on terms no more favorable
to the transferees thereof than those specified in the Sale Notice, during the
thirty (30) day period immediately following the Authorization Date; provided,
however, that the transferee shall not be a Competitor of the Company. Any
Securities not transferred within such thirty (30) day period will again be
subject to the provisions of this Section 3 upon subsequent Transfer.

      (f)   Exception for Certain Transfers. Notwithstanding the foregoing or
anything herein to the contrary, provided that the Transferees agree to be bound
by the provisions of this Agreement to the same extent as their Transferors, the
provisions of this Section 5 shall not apply to the following Transfers:

      (i)   Transfers by WPP of Preferred Stock and/or Common Stock purchased by
WPP under the Stock Purchase Agreement on the Closing Date to (A) any of WPP's
Affiliates (other than transfers to another portfolio company) or (B) prior to
the first anniversary of the Closing Date, in such amounts as, following the
completion of each such Transfer, result in WPP still holding at least 49,143.50
shares of Preferred Stock and 856,500 shares of Common Stock.

      (ii)  Transfers (A) by Mid Oaks of Preferred Stock and/or Common Stock
purchased by Mid Oaks under the Stock Purchase Agreement on the Closing Date to
up to five employees of Mid Oaks, in an aggregate amount not to exceed five
percent (5%) of Mid Oaks' Preferred Stock and Common Stock, provided that any
Transfers to Persons who are not residents of Illinois and Accredited Investors
shall be subject to WPP's prior approval and provided further that in connection
with any such Transfer Mid Oaks will provide evidence reasonably satisfactory to
WPP that each such Person has granted to Mid Oaks an irrevocable proxy
equivalent to that granted to WPP by the Executives in Section 2(a), and (B) by
any such employees back to Mid Oaks.

      (iii) Transfers by any Warrant Security Holders of Warrants or Warrant
Stock to (A) any Affiliate, or (B) any Person in connection with a transfer of
the Notes; provided, however, that the Warrant Security Holders will not
Transfer the Warrants or Warrant Stock to any Person who (x) is a Competitor or
(y) is not an institutional investor, business development company or equity
fund investor.

      (g)   Company Repurchase Option. The provisions of this Section 5 are
subject, as to each Executive or Additional Executive, to the Company's
Repurchase Option.

      6.    Tag-Along.

      (a)   Notice of Sale. Subject to Section 6(d), if at any time prior to an
Initial Public Offering a Major Stockholder (a "Disposing Significant
Stockholder") shall wish to Transfer any of the shares of Common Stock and/or
Preferred Stock owned by such Disposing Significant Stockholder pursuant to an
offer to or from a third party (the "Buyer"), then such Disposing

                                       7
<PAGE>

Significant Stockholder shall notify each of the non-disposing Investors and
each of the Warrant Security Holders in writing (a "Tag-Along Sale Notice"), of
such offer and its terms and conditions.

      (b)   Right to Participate in Sale. Upon receipt of a Tag-Along Sale
Notice, the non-disposing Investors and each of the Warrant Security Holders
shall have the right to sell to the Buyer (the "Tag-Along Sale"), on the same
terms and conditions applicable to the Disposing Significant Stockholder, in
lieu of the sale to the Buyer by the Disposing Significant Stockholder, that
number of shares of Common Stock and/or Preferred Stock, as applicable, equal to
the product attained by multiplying (a) the number of shares of Diluted Common
Stock and/or Preferred Stock, as applicable, to be sold to the Buyer times (b)
the quotient derived by dividing (i) the number of shares of Diluted Common
Stock and/or Preferred Stock, as applicable, held (or deemed to be held) by such
non-disposing Investors by (ii) the total number of shares of Diluted Common
Stock and Preferred Stock, as applicable, held (or deemed to be held) by such
selling non-disposing Investors, such Warrant Security Holders and such
Disposing Significant Stockholder. The non-disposing Investors' and Warrant
Security Holders' rights to sell pursuant to this Section 6 can be exercised by
delivery of a written notice to the Disposing Significant Stockholder within
thirty (30) days following the delivery of the Tag-Along Sale Notice to the
non-disposing Investors and the Warrant Security Holders of the proposed sale to
the Buyer by such Disposing Significant Stockholder. In participating hereunder,
the Warrant Security Holders shall be treated as if they owned the underlying
Preferred Stock without exercise of the Preferred Warrants and shall be entitled
to sell their Preferred Warrants in lieu of exercising such Warrants and selling
the underlying Preferred Stock.

      (c)   Failure to Provide Notice of Participation. In the event that any of
the non-disposing Investors or Warrant Security Holders do not deliver to such
Disposing Significant Stockholder a notice within such thirty (30) day period,
such Disposing Significant Stockholder may proceed with such sale to such Buyer
at the same price and on substantially the same terms and conditions set forth
in such Tag-Along Sale Notice.

      (d)   Certain Exceptions. Notwithstanding the foregoing or anything herein
to the contrary:

      (i)   The provisions of this Section 6 shall not apply to any Transfers by
WPP of Preferred Stock and/or Common Stock purchased by WPP under the Stock
Purchase Agreement on the Closing Date (A) to any of WPP's Affiliates (other
than to any portfolio company), or (B) prior to the first anniversary of the
Closing Date, in such amounts as, following the completion of each such
Transfer, result in WPP still holding at least 49,143.50 shares of Preferred
Stock and 856,500 shares of Common Stock.

      (ii)  The provisions of this Section 6 shall not apply to any Transfers
(A) by Mid Oaks of Preferred Stock and/or Common Stock purchased by Mid Oaks
under the Stock Purchase Agreement on the Closing Date to up to five employees
of Mid Oaks, in an aggregate amount not to exceed five percent (5%) of Mid Oaks'
Preferred Stock and Common Stock, and (B) by any such employees back to Mid
Oaks.

                                       8
<PAGE>

      (iii) In the case of a Transfer by Mid Oaks, no other Investor shall be
entitled to participate in such Transfer pursuant to this Section 6, although
Mid Oaks will provide them with the notice specified in Section 6(a).

      (iv)  In the case of a Transfer by AGE, no other Investor shall be
entitled to participate in such Transfer pursuant to this Section 6, although
AGE will provide them with the notice specified in Section 6(a).

      (e)   Limitations on Warrant Security Holder Representations.
Notwithstanding anything herein to the contrary, no Warrant Security Holder
shall be required (A) to make representations and warranties in connection with
a Tag-Along Sale, except representations and warranties with respect to such
Warrant Security Holder's authority, and title and ownership of the Warrants or
Warrant Stock owned by it, (B) except as provided in (C) below, to indemnify the
buyer or any other person in connection with a Tag-Along Sale other than for a
breach of a representation or warranty made by the Warrant Security Holder
pursuant to clause (A) above or (C) to make a payment in connection with any
indemnification obligation to the buyer (other than an indemnification
obligation for a breach of a representation made by the Warrant Security Holder
pursuant to clause (A), above) or a purchase price adjustment for an amount that
exceeds the lesser of (1) such Warrant Security Holder's pro rata share of such
indemnification obligation or purchase price adjustment obligation, based on
such Warrant Security Holder's pro rata share of the aggregate net proceeds
received by all of the participating Holders in connection with the Tag-Along
Sale, or (2) the amount of the net proceeds received by such Warrant Security
Holder in the Tag-Along Sale.

      (f)   Additional Limitations. The provisions of this Section 6 shall cease
to apply following completion of an Qualified Public Offering, and are further
subject, as to each Executive or Additional Executive, to the Company's
Repurchase Option.

      7.    Sale of the Company.

      (a)   Approval of Sale. Subject to the other applicable terms of this
Agreement, including, without limitation, Section 7(b) hereof, if the Company's
Governing Body by a vote that includes all of the WPP Directors approves a Sale
of the Company to an Independent Third Party (an "Approved Sale"), each Holder
shall vote for, consent to and raise no objections against such Approved Sale.
If the Approved Sale is structured as a (i) merger or consolidation, each Holder
shall waive any dissenters' rights, appraisal rights or similar rights in
connection with such merger or consolidation or (ii) sale of stock, each Holder
shall agree to sell all of its, his or her Securities and rights to acquire
Securities on the terms and conditions approved by the Board. Each Holder shall
take, at the expense of the Company, all necessary actions in connection with
the consummation of the Approved Sale as reasonably requested by the Company.

      (b)   Conditions to Approval. The obligations of the Holders to
participate in the Approved Sale of the Company are subject to the satisfaction
of the following conditions:

      (i)   upon the consummation of the Approved Sale, each Holder shall
receive the same form and amount of consideration (in proportion to the
respective amounts of each class of

                                       9
<PAGE>

Security that such Holder owns or has the right to acquire, but with identical
rights and preferences, without giving effect to any minority or majority
ownership interests or voting interests) as each other Holder of such class of
Security or if any Holders are given an option as to the form and amount of
consideration to be received, each such Holder shall be given the same option
(in proportion to the respective amounts of each class of Security that such
Holder owns or has the right to acquire, but with identical rights and
preferences, without giving effect to any minority or majority ownership
interests or voting interests); and

      (ii)  each Warrant Security Holder shall have the option, in lieu of
participating in the Approved Sale as provided in Section 7(b)(i), to elect to
sell to the buyer(s) in such Approved Sale all (but not less than all) of the
Warrants or Warrant Shares then held by such Warrant Security Holder, with the
purchase price for such sale to be equal to the price being paid under Section
7(b)(i) but the consideration to be delivered being cash or cash equivalents
(subject to indemnity or holdback obligations as provided in Section 7(e))
regardless of the form of consideration received by the other Holders in the
Approved Sale. Any such election by a Warrant Security Holder must be made
within three (3) business days following notice to the Warrant Security Holder
that the Company's Governing Body has approved the Sale of the Company.

      (c)   Purchaser Representative. If the Company or the Holders enter into
any negotiation or transaction for which Rule 506 (or any similar rule then in
effect) promulgated by the Commission may be available with respect to such
negotiation or transaction (including a merger, consolidation or other
reorganization), then those Holders that do not qualify at the time as
Accredited Investors shall, at the request of the Company, appoint a "purchaser
representative" (as such term is defined in Rule 501) reasonably acceptable to
the Company. If any Holder appoints a purchaser representative designated by the
Company, the Company shall pay the fees of such purchaser representative.
However, if any Holder declines to appoint the purchaser representative
designated by the Company, such Holder shall appoint another purchaser
representative (reasonably acceptable to the Company), and such Holder shall be
responsible for the fees of the purchaser representative so appointed.

      (d)   Costs. All Holders will bear their pro-rata share (based upon their
pro rata share of the aggregate net proceeds of the sale of all such Securities)
of any reasonable costs related to the sale of Securities pursuant to an
Approved Sale to the extent such costs are not otherwise paid by the Company or
the acquiring party and to the extent such costs are incurred on behalf of all
Holders. Costs incurred by the Holders on their own behalf shall not be
considered costs of the Approved Sale.

      (e)   Limitations on Holder Obligations. Notwithstanding anything herein
to the contrary, no Holder shall be required (A) to make representations and
warranties in connection with an Approved Sale, except representations and
warranties with respect to such Holder's authority, and title and ownership of
the Securities owned by it, (B) except as provided in (C) below, to indemnify
the buyer or any other person in connection with an Approved Sale other than for
a breach of a representation or warranty made by the Holder pursuant to clause
(A) above or (C) to make a payment in connection with any indemnification
obligation to the buyer (other than an indemnification obligation for a breach
of a representation made by the Holder pursuant to clause (A), above) or a
purchase price adjustment for an amount that exceeds the

                                       10
<PAGE>

lesser of (1) such Holder's pro rata share of such indemnification obligation or
purchase price adjustment obligation, based on such Holder's pro rata share of
the aggregate net proceeds received by all of the Holders in connection with the
Approved Sale, or (2) the amount of the net proceeds received by such Holder in
the Approved Sale.

      (f)   Termination of Provisions. The provisions of this Section 7 shall
cease to apply following completion of an Initial Public Offering.

      8.    Permitted Transfers. Any Stockholder may transfer Securities (other
than Securities held by an Executive or Additional Executive that have not
become vested pursuant to his or her Senior Management Agreement) without
complying with Sections 4, 5, and 6 hereof to Permitted Transferees who consent
in writing delivered to the Company to be bound by the terms of this Agreement.
With respect to any Executive or Additional Executive, a "Permitted Transferee"
means the spouse or lineal descendants of such Executive or Additional
Executive, any trust for the benefit of such Executive or Additional Executive,
or the benefit of the spouse or lineal descendants of such Executive or
Additional Executive, any corporation, partnership or limited liability company
in which such Executive or Additional Executive, the spouse and the lineal
descendants of such Executive or Additional Executive are the direct and
beneficial owners of all of the equity interests (provided such Executive or
Additional Executive, spouse and lineal descendants agree in writing to remain
the direct and beneficial owners of all such equity interests), and the personal
representative of such Executive's or Additional Executive's estate or upon such
Executive's or Additional Executive's incompetency for purposes of the
protection and management of the assets of such Executive or Additional
Executive. With respect to a Holder other than an Executive or Additional
Executive, a "Permitted Transferee" means any Affiliate of such Holder, other
than in the case of a Transfer by an Investor to another portfolio company.

      9.    Preemptive Rights. Subject to the limitations set forth in
Subsection 9(d) below, each time the Company or any of its Subsidiaries proposes
to issue any equity securities, or other securities of any kind that are or may
become convertible into any equity securities (collectively, "New Issue
Securities") to any Person, the Company shall, or shall cause its Subsidiary to,
first offer the New Issue Securities to the Holders in accordance with the
following provisions:

      (a)   The Company shall give a notice to each Holder hereunder (the "First
Notice") stating (i) its intention to issue the New Issue Securities; (ii) the
number and description of such shares or the amount of the New Issue Securities
to be issued; (iii) the purchase price (calculated as of the proposed issuance
date) and the other terms upon which the Company is offering the New Issue
Securities; and (iv) the names of the Persons to whom the Company seeks to issue
such New Issue Securities.

      (b)   Transmittal of the First Notice to the Holders by the Company shall
constitute an offer by the Company to sell each Holder his, her or its
proportionate number (based upon his, her or its percentage ownership of the
total number of shares of Diluted Common Stock or Diluted Preferred Stock), or
any lesser number specified by the Holder, of the New Issue Securities for the
price and upon the terms set forth in the First Notice. For a period of twenty
(20) days after the submission of the First Notice to the Holders, each Holder
shall have the option, exercisable by written notice to the Company, to accept
the Company's offer as to all or

                                       11
<PAGE>

any part of such Holder's proportionate number or any lesser number of the New
Issue Securities. If two or more types of New Issue Securities are to be issued
or New Issue Securities are to be issued together with other types of
securities, including, without limitation, debt securities, in a single
transaction or related transactions, the rights to purchase New Issue Securities
granted to the Holders under this Section 9 must be exercised to purchase all
types of New Issue Securities and such other securities in the same proportion
as such New Issue Securities and other securities are to be issued by the
Company. If the Holders (as a group) agree to purchase less than the total
number of New Issue Securities proposed to be issued and sold, any Holder may
condition its agreement to purchase the New Issue Securities upon the sale of
the balance to unaffiliated third parties.

      (c)   In the event that any Holder does not exercise his, her or its
option with respect to all of the New Issue Securities in accordance with
Subsection 9(b), the Company, upon notice from such Holder of such Holder's
decision not to accept the Company's offer as to all of his, her or its pro rata
portion of the New Issue Securities (or upon expiration of the twenty-day option
period referred to in Subsection 9(b) if such Holder fails to give notice as
aforesaid), shall offer to sell the New Issue Securities which have not been
subscribed for to those Holders who have elected to exercise their rights
hereunder (allocated pro rata based upon such Holders' respective ownership of
Diluted Common Stock or Diluted Preferred Stock compared to the aggregate
ownership of Diluted Common Stock or Diluted Preferred Stock of all such Holders
electing to purchase if it is over-subscribed). Thereafter, if all of the New
Issue Securities proposed to be issued and sold have not been subscribed for
within thirty (30) days, the Company shall have one hundred twenty (120) days
thereafter to sell any or all of the remaining New Issue Securities (i.e., those
not to be sold to any Holder) to the Person or Persons set forth in the First
Notice, upon terms and conditions no less favorable to the Company, and no more
favorable to such Person or Persons, than those set forth in the First Notice.
In the event the Company has not sold such New Issue Securities within said one
hundred twenty (120) day period, the Company will not thereafter issue or sell
and New Issue Securities without first offering such New Issue Securities to the
Holders in the manner provided above.

      (d)   The preemptive rights contained in this Section 9 shall not apply
to: (i) the issuance by the Company of up to an aggregate of (A) 71,000 shares
of Preferred Stock (as adjusted for stock splits, stock dividends,
recapitalizations and the like) and (B) 1,462,800 shares of Common Stock (as
adjusted for stock splits, stock dividends, recapitalizations and the like),
which shares are issued on the Closing Date or may be issued subsequently
pursuant to Preferred Stock purchase options issued to certain Executives on the
Closing Date for an aggregate of 1,571.102 shares of Preferred Stock and (C)
37,200 shares of Common Stock reserved for future issuance; (ii) the issuance
and sale by the Company, from time to time pursuant to plans, programs or
agreements approved by the Governing Body of the Company, of shares of Common
Stock, or options, rights, or warrants to acquire shares of Common Stock, or of
securities convertible or exchangeable for shares of Common Stock, to employees,
officers, or members of the Governing Body of the Company (other than members
who are Affiliates of WPP), as compensation for their services to the Company or
any of its wholly-owned subsidiaries ("Incentive Common Stock"), provided that
Incentive Common Stock shall not be transferred to WPP; (iii) the issuance of
shares of Common Stock of the Company to the Warrant Security Holders in
connection with the exercise of the Warrants; (iv) securities offered in a
Qualified Public Offering; and/or (v) securities approved for issuance by the
Company's

                                       12
<PAGE>

Governing Body in connection with the acquisition of another business entity
(which is an Independent Third Party) by the Company by merger, purchase of all
or substantially all of such other business entity's assets, or by other
reorganization whereby the Company ends up owning, directly or indirectly,
greater than 50% of the voting power of such business entity.

      10.   Representations and Warranties. Each of the Holders (other than the
Warrant Security Holders, it being acknowledged that the Warrant Security
Holders are making certain similar representations to the Company pursuant to
the Investment Agreement), hereby represents and warrants to the following with
respect to himself, herself or itself, as the case may be:

      (a)   Authorization. All corporate, partnership, member or other action on
the part of the Holder, its directors, holders, members or partners necessary
for the authorization, execution, delivery and performance by such Holder (if a
corporation, partnership, limited liability company or other entity) of this
Agreement has been taken. This Agreement is a legal, valid and binding
obligation of such Holder, enforceable against such Holder strictly in
accordance with its terms, except as such enforceability may be limited by (a)
applicable bankruptcy, insolvency, reorganization, moratorium or other similar
laws affecting the enforcement of creditor's rights generally and (b) general
principles of equity (regardless of whether such enforceability is considered in
a proceeding in equity or at law).

      (b)   No Violation. The execution and delivery of this Agreement will not
(with or without notice or passage of time or both) (a) conflict with or result
in a breach of any provision of the certificate of incorporation, by-laws,
partnership agreement, operating agreement or other organizational documents of
a Holder (if a corporation, partnership, limited liability company or other
entity), (b) result in a default, give rise to any right of termination,
cancellation or acceleration, or require any consent or approval, under any of
the terms, conditions or provisions of any note, bond, mortgage, indenture,
loan, factoring arrangement, license, agreement, lease or other instrument or
obligation to which such Holder is a party or by which it or any of its assets
may be bound, other than, any default which would not have a material adverse
effect on the business, operations, financial condition, assets or properties of
such Holder or (c) violate any law, judgment, order, writ, injunction, decree,
statute, rule or regulation of any court, administrative agency, bureau, board,
commission, office, authority, department or other governmental entity
applicable to such Holder or any of its assets, other than, any violation which
would not have a material adverse effect on the business, operations, financial
condition, assets or properties of such Holder.

      (c)   Differential Rights. Although each Holder of Securities may hold one
or more of the same classes or series of the Company's securities, WPP has
requested and received certain additional rights and benefits pursuant to this
Agreement, and each of the other Stockholders have consented to such rights and
benefits as an inducement for WPP to purchase Securities.

      11.   Term. This Agreement will terminate upon the consummation of a
Qualified Public Offering.

                                       13
<PAGE>

      12.   Definitions.

            "Accredited Investor" has the meaning set forth in Rule 501
promulgated under the Securities Act, as amended from time to time.

            "Additional Executive" means any member of the Company's senior
management who becomes a "Stockholder" in accordance with Section 14 of this
Agreement.

            "Affiliate" of a Holder means any general or limited partner of a
Holder or any other Person, entity or investment fund controlling, controlled by
or under common control with the Holder.

            "Allied Capital" means Allied Capital Corporation, a Maryland
corporation.

            "Closing Date" means June 13, 2003.

            "Commission" means the Securities and Exchange Commission.

            "Competitor" means any Person which is engaged in the business of
operating and managing dining restaurants and enterprises, and food commissary
operations; provided that (a) the provision of investment advisory services by a
Person to an ERISA plan which is owned or controlled by a Person which would
otherwise be a Competitor shall not in any event cause the Person providing such
services to be deemed to be a Competitor, and (b) in no event shall any bank,
trust company, savings and loan association or other financial institution,
investment fund, any pension plan, any investment company, any insurance
company, any broker or dealer, or any other financial institution or entity,
regardless of legal form, be deemed a Competitor, nothwithstanding the fact that
a portfolio company of any such institution may be a Competitor.

            "Diluted Common Stock" means, when used in any calculation herein,
the number of shares of Common Stock that would be outstanding assuming that all
shares of Common Stock issuable under the Warrants were in fact issued and
outstanding.

            "Diluted Preferred Stock" means, when used in any calculation
herein, the number of shares of Preferred Stock that would be outstanding
assuming that all shares of Preferred Stock issuable under the Warrants were in
fact issued and outstanding.

            "Executive Shares" shall have the meaning given such term in the
Senior Management Agreements.

            "Governing Body" means (i) in the case of a corporation, that
corporation's Board of Directors, (ii) in the case of a limited liability
company, that company's Board of Managers or Board of Members, if any.

            "Holder" means any holder (or deemed holder) of Securities who is a
party to this Agreement or is a successor or assign or subsequent holder
contemplated by Section 14 of this Agreement.

                                       14
<PAGE>

            "Independent Third Party" means any Person who, immediately prior to
the contemplated transaction, (i) does not own, directly or indirectly, in
excess of 10% of the Company's Common Stock or Preferred Stock on a
fully-diluted basis (a "10% Owner"), (ii) is not controlling, controlled by or
under common control with any such 10% Owner, (iii) is not the spouse or
descendant (by birth or adoption) of any such 10% Owner or a trust for the
benefit of such 10% Owner and/or such Persons, and (iv) with respect to WPP and
its Affiliates, is neither an investment of any such 10% Owner nor a subsidiary
of any investment of any such 10% Owner.

            "Initial Public Offering" means the initial Public Offering by the
Company.

            "Major Stockholders" means each of WPP, AGE and Mid Oaks (and any
Affiliate Transferees of such Persons), for so long as such Person, together
with its Affiliates, beneficially owns, in the aggregate, twenty percent (20%)
of the Common Stock and Preferred Stock originally held by such Person on the
date hereof.

            "Notes" means those certain 16% Senior Subordinated Notes due
November 2009, in the original aggregate principal amount of $45,000,000
purchased by the Warrant Security Holders pursuant to the Investment Agreement.

            "Organizational Documents" means, (i) in the case of a corporation,
that corporation's charter and by-laws, (ii) in the case of a limited liability
company, that company's articles or certificate of organization and operating
agreement, if any, and (iii) in the case of a partnership, the partnership
agreement.

            "Person" means an individual, a partnership, a limited liability
company, a corporation, an association, a joint stock company, a trust, a joint
venture, an unincorporated organization and a governmental entity or any
department, agency or political subdivision thereof.

             "Qualified Institutional Buyer" shall have the meaning given such
term under Rule 144A of the Securities Act.

            "Qualified Public Offering" means any Public Offering by the Company
in which the Company receives no less than $35,000,000 of net proceeds from
sales to Persons other than Affiliates of the Company pursuant to a public
distribution in which the Common Stock of the Company shall be listed or traded
on a national or regional exchange or on the Nasdaq National Market System.

            "Sale of the Company" means any transaction or series of
transactions pursuant to which any Independent Third Party in the aggregate
acquire(s) (i) capital stock of the Company possessing the voting power to elect
a majority of the Board (whether by merger, consolidation, reorganization,
combination, sale or transfer of the Company's capital stock) or (ii) all or
substantially all of the Company's assets determined on a consolidated basis.

            "Securities" means Common Stock, Preferred Stock, and any shares of
capital stock or other securities directly or indirectly exercisable for, or
convertible into, such securities; provided, however, that Securities shall not
include any securities which have been sold to the public (i) pursuant to a
registration statement declared effective by the Commission or (ii) pursuant to
Rule 144 promulgated by the Commission under the Securities Act.

                                       15
<PAGE>

      "Securities Act" means the Securities Act of 1933, as amended from time to
time.

      "VICORP" means VICORP Restaurants Inc., a Colorado corporation and
wholly-owned subsidiary of the Company as of the date hereof.

      "Warrant Security Holders" means all holders of (a) Warrants and/or (b)
any Warrant Stock.

      "Warrant Stock" means any Securities received upon exercise of the
Warrants.

      13.   Transfer; Transfers in Violation of Agreement. Prior to transferring
any Securities to any Person, the transferring Stockholder shall cause the
prospective transferee to execute and deliver to the Company and the other
Stockholders a counterpart of this Agreement. Any transfer or attempted transfer
of any Securities in violation of any provision of this Agreement shall be void,
and the Company shall not record such transfer on its books or treat any
purported transferee of such Securities as the owner of such shares for any
purpose.

      14.   Additional Investors and Stockholders. In connection with the
issuance of any additional equity securities of the Company to any Person or the
transfer of any equity securities of the Company to any Person, the Company may
permit such Person to become a party to this Agreement and succeed to all of the
rights and obligations of an "Investor" and/or a "Stockholder" under this
Agreement by obtaining an executed counterpart signature page to this Agreement,
and, upon such execution, such Person shall for all purposes be an "Investor"
and/or a "Stockholder" party to this Agreement.

      15.   Holdback Agreement. Each Holder of outstanding Securities shall not
effect any public sale or distribution (including sales pursuant to Rule 144 of
the Securities Act) of equity securities of the Company, or any securities
convertible into or exchangeable or exercisable for such securities, during the
seven days prior to and the 180-day period beginning on the effective date of a
Qualified Public Offering, unless the underwriters managing such Qualified
Public Offering otherwise agree. This provision shall survive the termination of
this Agreement.

      16.   Amendment and Waiver. Except as otherwise expressly provided herein,
the provisions of this Agreement may be amended or waived at any time only by
the written agreement of (i) the Company; (ii) WPP, so long as WPP owns at least
twenty percent (20%) of the outstanding Common Stock; (iii) Holders holding not
less than a majority of the Common Stock issued and outstanding at the time,
calculated on a fully-diluted basis and including, without limitation, Common
Stock issuable upon the exercise of the Warrants; (iv) the Warrant Holders
holding at least 62% of the Warrants or Warrant Stock, if such amendment or
waiver would materially and adversely affect the rights of the Warrant Security
Holders; or (v) Holders holding not less than a majority of the Preferred Stock
issued and outstanding at the time. Notwithstanding the foregoing, no provision
of this Agreement may be amended or waived if such amendment or waiver of any
provision would have the effect of (x) imposing additional obligations
(including the changing of existing obligations) on any of the Stockholders, or
(y) adversely affecting any of the rights of any of the Stockholders, or (z)
treating preferentially (including the changing of any existing right or
preference) in any way any of the Investors or any other Stockholder over
another Stockholder except by written agreement of such affected

                                       16
<PAGE>

Stockholder. Any waiver, permit, consent or approval of any kind or character on
the part of any such Holder of any provisions or conditions of this Agreement
must be made in writing and shall be effective only to the extent specifically
set forth in such writing.

      17.   Severability. Whenever possible, each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability shall not affect
any other provision or any other jurisdiction, but this Agreement shall be
reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision had never been contained herein.

      18.   Entire Agreement. Except as otherwise expressly set forth herein,
this document embodies the complete agreement and understanding among the
parties hereto with respect to the subject matter hereof and supersede and
preempt any prior understandings, agreements or representations by or among the
parties, written or oral, which may have related to the subject matter hereof in
any way.

      19.   Successors and Assigns. Except as otherwise provided herein, this
Agreement shall bind and inure to the benefit of and be enforceable by the
Company and its successors and assigns and the Stockholders and any subsequent
holders of Securities and the respective successors and assigns of each of them,
so long as they hold Securities.

      20.   Counterparts. This Agreement may be executed in separate
counterparts each of which shall be an original and all of which taken together
shall constitute one and the same agreement.

      21.   Notices. All notices, demands or other communications to be given or
delivered under or by reason of the provisions of this Agreement shall be in
writing and shall be deemed to have been given (a) when delivered personally to
the recipient, (b) one (1) business day following deposit with a reputable
express courier service for next day delivery (charges prepaid), (c) three (3)
business days after it is mailed to the recipient by certified or registered
mail, return receipt requested and postage prepaid, or (d) one business (1) day
after receipt is electronically confirmed, if sent by fax (provided that a hard
copy shall be promptly sent by first class mail, postage prepaid). Such notices,
demands and other communications shall be sent to the Purchasers and to the
Company at the address indicated below or to such other address or to the
attention of such other person as the recipient party has specified by prior
written notice to the sending party.

      If to the Company

                       VI Acquisition Corp.
                       c/o Wind Point Partners
                       676 North Michigan Avenue, Suite 3700
                       Chicago, IL 60611
                       Fax: (312) 255-4820
                       Tel.: (312) 255-4800

                                       17
<PAGE>

                       Attn.: Michael J. Solot

            If to WPP, to:

                       Wind Point Partners IV, L.P.
                       Wind Point Partners V, L.P.
                       Wind Point IV Executive Advisor Partners, L.P.
                       Wind Point Associates IV, LLC
                       676 North Michigan Avenue, Suite 3700
                       Chicago, Illinois 60611
                       Fax:  (312) 255-4820
                       Tel:  (312) 255-4800
                       Attn: Michael J. Solot

                       with a copy to:

                       Sachnoff & Weaver, Ltd.
                       30 S. Wacker Drive, 29th Floor
                       Chicago, Illinois 60606
                       Fax:  (312) 207-1000
                       Tel:  (312) 207-6400
                       Attn: Seth M. Hemming, Esq.

            If to Mid Oaks, to:

                       Mid Oaks Investments LLC
                       750 Lake Cook Road, Suite 440
                       Buffalo Grove, Illinois  60089
                       Fax:  (847) 215-3421
                       Tel:  (847) 215-3420
                       Attn: Wayne C. Kocourek

                       with a copy to:

                       Altheimer & Gray
                       10 South Wacker Drive
                       Chicago, Illinois  60606-7462
                       Fax:  (312) 715-4800
                       Tel:  (312) 715-4050
                       Attn: David W. Schoenberg

                                       18
<PAGE>

      If to AGE, to:

            A.G. Edwards Capital, Inc.
            One North Jefferson
            St. Louis, MO 63103
            Fax: (314) 955-8095
            Tel: (314) 955-3971
            Attn: Patricia A. Dahl

            If to Koenig, van Benthuysen or an Executive, to his or her address
            set forth on the Company's records.

            If to the Warrant Security Holders, to the addresses set forth on
            Exhibit A hereto.

      22.   Governing Law. The corporate law of Delaware shall govern all issues
concerning the relative rights of the Company and its stockholders, including,
without limitation, those rights set forth in Sections 1 and 2 of this
Agreement. All other questions concerning the construction, validity and
interpretation of this Agreement shall be governed by and construed in
accordance with the internal laws of the State of Illinois, without giving
effect to any choice of law or other conflict of law provision or rule (whether
of the State of Illinois or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Illinois.

      23.   Waiver of Jury Trial. Each of the parties hereto hereby irrevocably
waives any and all right to trial by jury of any claim or cause of action in any
legal proceeding arising out of or related to this Agreement or the transactions
or events contemplated hereby or any course of conduct, course of dealing,
statements (whether verbal or written) or actions of any party hereto. The
parties hereto each agree that any and all such claims and causes of action
shall be tried by a court trial without a jury. Each of the parties hereto
further waives any right to seek to consolidate any such legal proceeding in
which a jury trial has been waived with any other legal proceeding in which a
jury trial cannot or has not been waived.

      24.   Descriptive Heading. The descriptive headings of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement.

      25.   Preferred Stock Option Holders. To the extent a Holder owns solely
options to purchase Preferred Stock and no other Securities, the provisions of
Section 7 of this Agreement (and the defined terms used therein) shall be the
only provisions hereof that apply to such Holder until such time as such Holder
exercises such option or otherwise owns Securities, in which event the other
provisions of this Agreement shall apply to such Holder.

                                    * * * * *

                                       19
<PAGE>

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

                             THE COMPANY:

                             VI ACQUISITION CORP.

                             By: /s/ Debra Koenig
                                 ---------------------------------------------
                             Name: Debra Koenig
                             Its:  Executive Vice President

                             THE INVESTORS:

                             WIND POINT IV EXECUTIVE ADVISOR PARTNERS, L.P.

                             By: Wind Point Investors IV, L.P.
                             Its: General Partner

                                 By: Wind Point Advisors LLC
                                 Its: General Partner

                             By: /s/ Jeffrey A. Gonyo
                                 --------------------------------------------
                             Name: Jeffrey A. Gonyo
                             Its: Managing Member

                             WIND POINT ASSOCIATES IV, LLC

                             By: Wind Point Investors IV, L.P.
                             Its: Manager

                                 By: Wind Point Advisors LLC
                                 Its: General Partner

                             By: /s/ Jeffrey A. Gonyo
                                ---------------------------------------------
                             Name: Jeffrey A. Gonyo
                             Its:  Managing Member

                             [SIGNATURES CONTINUED ON FOLLOWING PAGE]

                              VI Acquisition Corp.
                             Stockholders Agreement

                                       S-1

<PAGE>

                             WIND POINT PARTNERS IV, L.P.

                             By: Wind Point Investors IV, L.P.
                             Its: General Partner

                                 By: Wind Point Advisors LLC
                                 Its: General Partner

                             By: /s/ Jeffrey A. Gonyo
                                 --------------------------------------------
                             Name: Jeffrey A. Gonyo
                             Its: Managing Member

                             By: /s/ James P. TenBroek
                                 --------------------------------------------
                             Name: James P. TenBroek
                             Its: Managing Member

                             WIND POINT PARTNERS V, L.P.

                             By: Wind Point Investors V, L.P.
                             Its: General Partner

                                 By: Wind Point Advisors LLC
                                 Its: General Partner

                             By: /s/ Jeffrey A. Gonyo
                                 --------------------------------------------
                             Name: Jeffrey A. Gonyo
                             Its: Managing Member

                             By: /s/ James P. TenBroek
                                 --------------------------------------------
                             Name: James P. TenBroek
                             Its: Managing Member

                             [SIGNATURES CONTINUED ON FOLLOWING PAGE]

                              VI Acquisition Corp.
                             Stockholders Agreement

                                      S-2
<PAGE>

                             MID OAKS INVESTMENTS LLC

                             By: /s/ Wayne Kocourek
                                 --------------------------------------------
                             Name: Wayne Kocourek
                             Its: Chairman and CEO

                             [SIGNATURES CONTINUED ON FOLLOWING PAGE]

                              VI Acquisition Corp.
                             Stockholders Agreement

                                      S-3
<PAGE>

                             A.G.EDWARDS PRIVATE EQUITY PARTNERS QP II, L.P.

                             By: A.G. Edwards Capital, Inc.
                             Its: General Partner

                             By: /s/ Christopher B. Redmond
                                 --------------------------
                             Name: Christopher B. Redmond
                             Its: Vice President

                             A.G. EDWARDS PRIVATE EQUITY PARTNERS II, L.P.

                             By:  A.G. Edwards Capital, Inc.
                             Its: General Partner

                             By: /s/ Christopher B. Redmond
                                  -------------------------
                             Name: Christopher B. Redmond
                             Its: Vice President

                             [SIGNATURES CONTINUED ON FOLLOWING PAGE]

                              VI Acquisition Corp.
                             Stockholders Agreement

                                      S-4
<PAGE>

                               /s/ Debra Koenig
                             ------------------------------------------------
                             DEBRA KOENIG

                               /s/ Walter Van Benthuysen
                             ------------------------------------------------
                             WALTER VAN BENTHUYSEN

                             [SIGNATURES CONTINUED ON FOLLOWING PAGE]

                              VI Acquisition Corp.
                             Stockholders Agreement

                                      S-5
<PAGE>

                             EXECUTIVES:

                               /s/ Joseph Trungale
                             ------------------------------------------------
                             Joseph Trungale

                               /s/ Robert E. Kaltenbach
                             ------------------------------------------------
                             Robert E. Kaltenbach

                               /s/ Timothy R. Kanaly
                             ------------------------------------------------
                             Timothy R. Kanaly

                               /s/ Mark A. Hampton
                             ------------------------------------------------
                             Mark A. Hampton

                               /s/ Daniel W. Gresham
                             ------------------------------------------------
                             Daniel W. Gresham

                               /s/ Donald R. Prismon
                             ------------------------------------------------
                             Donald R. Prismon

                              VI Acquisition Corp.
                             Stockholders Agreement

                                      S-6
<PAGE>

                             WARRANT SECURITY HOLDERS:

                             ALLIED CAPITAL CORPORATION,
                             a Maryland corporation

                             By: /s/ John Fruehwirth
                                 --------------------------------------------
                             Name: John Fruehwirth
                             Its: Principal

                             GLEACHER MEZZANINE FUND I, L.P.

                             BY: Gleacher Mezzanine LLC, its General Partner

                             By: /s/ Mary P. Gay
                                 --------------------------------------------
                             Name: Mary P. Gay
                             Its: Managing Director

                             GLEACHER MEZZANINE FUND P, L.P.

                             BY: Gleacher Mezzanine LLC, its General Partner

                             By: /s/ Mary P. Gay
                                 --------------------------------------------
                             Name: Mary P. Gay
                             Its: Managing Director

                             SUNTRUST EQUITY FUNDING, LLC

                             By: /s/ Martin Mayden
                                 --------------------------------------------
                             Name: Martin Mayden
                             Its: Manager

                              VI Acquisition Corp.
                             Stockholders Agreement

                                      S-7
<PAGE>

                                    EXHIBIT A

                ADDRESSES FOR NOTICES TO WARRANT SECURITY HOLDERS

ALLIED CAPITAL CORPORATION
401 N. Michigan Ave., Suite 2050
Chicago, IL  60611
Attn: Ed Ross, Managing Director

GLEACHER MEZZANINE FUND I, L.P.
GLEACHER MEZZANINE FUND P, L.P.
660 Madison Avenue, 17th Floor
New York, NY  10021
Attn: Mary Gay, Managing Director

SUNTRUST EQUITY FUNDING, LLC
303 Peachtree Street, N.E., 25th Floor
Atlanta, GA  30308
Attn: Palmer Henson, Director

With, as to any Warrant Security Holder, a copy to:

Moore & Van Allen PLLC
100 North Tryon Street, Suite 4700
Charlotte, North Carolina 28202
Attn: John Chinuntdet

                              VI Acquisition Corp.
                             Stockholders Agreement

                                      S-8

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