Document:

Unassociated Document

 

Exhibit 4.7

 

AMENDMENT TO THE

BENIHANA INC.

2003 DIRECTORS’ STOCK OPTION PLAN

This Amendment to the Benihana Inc. 2003 Directors’ Stock Option Plan (the “Plan”) is adopted by Benihana Inc. (the “Company”) on December 1, 2011 effective as of November 29, 2011.  Capitalized terms used but not defined herein shall have the meanings given such terms in the Plan.

WHEREAS, the Plan provides for the grant of stock options which entitle the holders thereof to purchase shares of the Company’s Class A Common Stock (the “Stock”); and

WHEREAS, pursuant to an amendment of the Company’s certificate of incorporation, each share of the Company’s Class A Common Stock was reclassified as and changed into one share of the Company’s Common Stock effective November 29, 2011; and

WHEREAS, Section 11 of the Plan provides that in the event of specified changes in the capitalization of the Company a corresponding adjustment shall be made in the number and class of shares available for issuance under the Plan;

NOW, THEREFORE, the Plan is hereby amended so that all references to the Company’s Class A Common Stock, including in the definition of “Stock,” shall instead refer to the Company’s Common Stock.

All other provisions of the Plan shall remain the same and in full force and effect.Unassociated Document

 

Exhibit 4.9

 

AMENDMENT TO THE

BENIHANA INC.

2000 EMPLOYEES CLASS A COMMON STOCK OPTION PLAN

This Amendment to the Benihana Inc. 2000 Employees Class A Common Stock Option Plan (the “Plan”) is adopted by Benihana Inc. (the “Company”) on December 1, 2011 effective as of November 29, 2011.  Capitalized terms used but not defined herein shall have the meanings given such terms in the Plan.

WHEREAS, the Plan provides for the grant of stock options which entitle the holders thereof to purchase shares of the Company’s Class A Common Stock (the “Stock”); and

WHEREAS, pursuant to an amendment of the Company’s certificate of incorporation, each share of the Company’s Class A Common Stock was reclassified as and changed into one share of the Company’s Common Stock effective November 29, 2011; and

WHEREAS, Section 14 of the Plan provides that in the event of specified changes in the capitalization of the Company a corresponding adjustment shall be made in the number and class of shares available for issuance under the Plan;

NOW, THEREFORE, the Plan is hereby amended so that all references to the Company’s Class A Common Stock other than in the name of the Plan, including in the definition of “Stock,” shall instead refer to the Company’s Common Stock.

All other provisions of the Plan shall remain the same and in full force and effect.Unassociated Document

 

Exhibit 4.11

 

AMENDMENT TO THE

BENIHANA INC.

AMENDED AND RESTATED DIRECTORS’ STOCK OPTION PLAN

This Amendment to the Benihana Inc. Amended and Restated Directors’ Stock Option Plan (the “Plan”) is adopted by Benihana Inc. (the “Company”) on December 1, 2011 effective as of November 29, 2011.  Capitalized terms used but not defined herein shall have the meanings given such terms in the Plan.

WHEREAS, the Plan provides for the grant of stock options some of which entitle the holders thereof to purchase shares of the Company’s Class A Common Stock and others of which entitle the holders to purchase shares of the Company’s Common Stock (both classes collectively referred to as the “Stock”); and

WHEREAS, pursuant to an amendment of the Company’s certificate of incorporation, each share of the Company’s Class A Common Stock was reclassified as and changed into one share of the Company’s Common Stock effective November 29, 2011; and

WHEREAS, Section 11 of the Plan provides that in the event of specified changes in the capitalization of the Company a corresponding adjustment shall be made in the number and class of shares available for issuance under the Plan;

NOW, THEREFORE, the Plan is hereby amended so that all references to the Company’s Class A Common Stock, including in the definition of “Stock,” shall instead refer to the Company’s Common Stock.

All other provisions of the Plan shall remain the same and in full force and effect.ex10-1.htm

 

Exhibit 10.1

 

ASSIGNMENT AND ASSUMPTION AGREEMENT

 

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Assignment”) is entered into as of December 21, 2011, by and among Rosenkranz Asset Managers, LLC, a limited liability company duly organized under the laws of the State of Delaware (the “Assignor”), Acorn Advisory Capital L.P., a limited partnership duly organized under the laws of the State of Delaware (the “Assignee”), and Delphi Financial Group, Inc., a Delaware corporation (the “Company”).  Capitalized terms used by not defined herein have the meanings ascribed to them in the Agreement and Plan of Merger dated as of the date hereof (the “Merger Agreement”), among the Company, Tokio Marine Holdings, Inc., a Japanese corporation (“Parent”), and TM Investment (Delaware) Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”).

 

Introduction

 

A.           Assignor is a party to the investment consulting agreement listed on Schedule A to this Assignment (the “Consulting Agreement”).

 

B.           Assignor wishes to grant, assign, transfer and convey to Assignee all of Assignor’s right, title and interest in and to the Consulting Agreement in order to induce Parent to enter into the Merger Agreement.

 

NOW THEREFORE, the parties hereby agree as follows:

 

Assignment and Assumption

 

1.           Effective as of the Closing, Assignor hereby irrevocably grants, assigns, transfers and conveys to Assignee all of its right, title and interest in and to the Consulting Agreement.

 

2.           Effective as of the Closing, Assignee hereby irrevocably assumes all of the Assignor’s obligations under the Consulting Agreement.

 

3.           This Assignment shall be binding on and inure to the benefit of the parties hereto, their heirs, executors, administrators, successors-in-interest and assigns.  Parent is a third party beneficiary of this Agreement and may enforce this Agreement as if a party hereto pursuant to its terms without regard to any amendment thereof that has not been approved by Parent.

 

4.           The parties hereto may only modify or amend this Assignment by written agreement executed and delivered by each of the parties hereto; provided that the Company may only amend or modify this Assignment at the direction of the Special Transaction Committee and, to the extent required by applicable Laws, the Board of Directors of the Company.

 

5.           This Assignment constitutes the entire agreement, and supersedes all other prior agreements and understandings both written and oral, among the parties, with respect to the subject matter hereof.

 

 

 

 

 

  

  

  

 

 

 

 

6.           This Assignment shall be governed by and construed in accordance with the laws of the State of Delaware.

 

7.           This Agreement may be executed in any number of counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute the same agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

 

 

 

  

2  

  

 

INTENDING TO BE BOUND, Assignor, Assignee and the Company have executed this Assignment the day and year first above written.

 

	
ROSENKRANZ ASSET MANAGERS, LLC

 

	
By:

	
R & Co. Capital Management LLC

its Manager

 

	  	
By:

	/s/ Robert Rosenkranz  	  
	  	  	Name:  Robert Rosenkranz	
 

	  	  	Title:   Manager	
 

 

 

 

	
ACORN ADVISORY CAPITAL L.P.

 

	
By:

	

Acorn Advisory Capital Management LLC

its General Partner

 

	  	
By:

	/s/ Robert Rosenkranz  	  
	  	  	Name:  Robert Rosenkranz	
 

	  	  	Title:   Manager	
 

 

	
DELPHI FINANCIAL GROUP, INC.

 

	  
	
By:

	/s/ Donald A. Sherman 	  
	  	
Name:  Donald A. Sherman

	
 

	  	
Title:  President and Chief Operating

           Officer

	
 

  

3  

  

Schedule A

 

	
●

	
Investment Consulting Agreement, as amended and restated as of August 14, 2008, by and between Rosenkranz Asset Managers, LLC and Delphi Financial Group, Inc.

 

 

 

 

 

 

 4ex10-2.htm

Exhibit 10.2

 

 

ASSIGNMENT AND ASSUMPTION AGREEMENT

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Assignment”) is entered into as of December 21, 2011, by and among Rosenkranz Asset Managers, LLC, a limited liability company duly organized under the laws of the State of Delaware (the “Assignor”), Acorn Advisory Capital L.P., a limited partnership duly organized under the laws of the State of Delaware (the “Assignee”), and Reliance Standard Life Insurance Company, an Illinois corporation (“RSLIC”).  Capitalized terms used by not defined herein have the meanings ascribed to them in the Agreement and Plan of Merger dated as of the date hereof (the “Merger Agreement”), among Delphi Financial Group, Inc., a Delaware corporation (the “Company”), Tokio Marine Holdings, Inc., a Japanese corporation (“Parent”), and TM Investment (Delaware) Inc., a Delaware corporation and wholly owned subsidiary of Parent (“Merger Sub”).

Introduction

A.           Assignor is a party to the investment consulting agreement listed on Schedule A to this Assignment (the “Consulting Agreement”).

B.           Assignor wishes to grant, assign, transfer and convey to Assignee all of Assignor’s right, title and interest in and to the Consulting Agreement in order to induce Parent to enter into the Merger Agreement.

NOW THEREFORE, the parties hereby agree as follows:

Assignment and Assumption

1.           Effective as of the Closing, Assignor hereby irrevocably grants, assigns, transfers and conveys to Assignee all of its right, title and interest in and to the Consulting Agreement.

2.           Effective as of the Closing, Assignee hereby irrevocably assumes all of the Assignor’s obligations under the Consulting Agreement.

3.           This Assignment shall be binding on and inure to the benefit of the parties hereto, their heirs, executors, administrators, successors-in-interest and assigns.  Parent is a third party beneficiary of this Agreement and may enforce this Agreement as if a party hereto pursuant to its terms without regard to any amendment thereof that has not been approved by Parent.

4.           The parties hereto may only modify or amend this Assignment by written agreement executed and delivered by each of the parties hereto; provided that RSLIC may only amend or modify this Assignment at the direction of the Special Transaction Committee and, to the extent required by applicable Laws, the Board of Directors of the Company.

5.           This Assignment constitutes the entire agreement, and supersedes all other prior agreements and understandings both written and oral, among the parties, with respect to the subject matter hereof.

 

 

  

  

  

6.           This Assignment shall be governed by and construed in accordance with the laws of the State of Delaware.

7.           This Agreement may be executed in any number of counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute the same agreement.

[SIGNATURE PAGE FOLLOWS]

 

 

 

  

2

  

 

 

INTENDING TO BE BOUND, Assignor, Assignee and RSLIC have executed this Assignment the day and year first above written.

 

 

	
ROSENKRANZ ASSET MANAGERS, LLC

 

	
By:    

	
R & Co. Capital Management LLC

its Manager

 

	  	
By:

	/s/ Robert Rosenkranz  	  
	  	  	Name:  Robert Rosenkranz	
 

	  	  	Title:    Manager	
 

 

 

 

	
ACORN ADVISORY CAPITAL L.P.

 

	
By:    

	

Acorn Advisory Capital Management LLC

its General Partner

 

	  	
By:

	/s/ Robert Rosenkranz  	  
	  	  	Name:  Robert Rosenkranz	
 

	  	  	Title:    Manager	
 

 

	

RELIANCE STANDARD LIFE INSURANCE COMPANY

 

	  
	
By:    

	/s/ Thomas Burghart 	  
	  	
Name:  Thomas Burghart

	
 

	  	Title:    Senior Vice President and Treasurer	
 

 

  

3

  

 

 

Schedule A

	
·

	
Investment Consulting Agreement of November 6, 1987, by and between Rosenkranz, Inc. and Reliance Standard Life Insurance Company, the rights and obligations of Rosenkranz, Inc. having been assigned to, and assumed by, the Assignor on January 1, 2000

 

 

4

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