Document:

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Exhibit 10.4

VOUGHT AIRCRAFT INDUSTRIES, INC.

2006 INCENTIVE AWARD PLAN

RESTRICTED STOCK UNIT AWARD AGREEMENT

GRANT NOTICE

     Pursuant to this Restricted Stock Unit Agreement dated November 3, 2006 (together with
Appendix A hereto, the “Agreement”), Vought Aircraft Industries, Inc, a Delaware
corporation (the “Company”) hereby grants Elmer L. Doty (the “Participant”), the following award of
Restricted Stock Units (“RSUs”) pursuant and subject to the terms and conditions of this Agreement
and the Company’s 2006 Incentive Award Plan (the “Plan”), the terms and conditions of which are
hereby incorporated into this Agreement by reference. Except as otherwise expressly
provided herein, all capitalized terms used in this Agreement, but not defined, shall have the
meanings provided in the Plan. Subject to the terms and conditions of this Agreement, including
those provided in Appendix A, the principal features of this award are as follows:

     Number
of RSUs: 200,000

     Grant Date: November 2, 2006

     Vesting of RSUs: Except as otherwise provided herein, the RSUs shall vest as to all of the
shares of Stock subject thereto as of the earlier to occur of (i) a Change in Control, or (ii) May
25, 2009, subject to the Participant’s continued employment with the Company through either such
occurrence, provided, that if the Participant’s employment is terminated prior to either such
occurrence by the Company without Cause or due to the Participant’s death or Disability, the RSUs
shall vest as to all of the shares of Stock subject thereto immediately prior to such termination
(any such date on which the RSUs vest, the “Vesting Date”). For purposes of this Agreement,
“Cause” means Cause as defined in a Participant’s employment agreement with the Company if
such an agreement exists and contains a definition of Cause, or, if no such agreement exists or
such agreement does not contain a definition of Cause, then Cause means (i) a Participant’s failure
substantially to perform his or her duties, other than any such failure resulting from the
Participant’s disability, after notice and reasonable opportunity for cure, all as determined by
the Committee; (ii) a Participant’s willful misconduct, gross negligence or a breach of fiduciary
duty that, in each case or in the aggregate, results in material harm to the Company; (iii) a
Participant’s having been the subject of any order, judicial or administrative, obtained or issued
by the Securities Exchange Commission, for any securities violation involving fraud, including any
such order consented to by the individual in which findings of facts or any legal conclusions
establishing liability are neither admitted nor denied; (iv) a Participant’s conviction, plea of no
contest, plea of nolo contendere, or imposition of unadjudicated probation for any felony or crime
involving moral turpitude; (v) a Participant’s unlawful use (including being under the influence)
or possession of illegal drugs on the Company’s premises or while performing his or her duties and
responsibilities; or (vi) a Participant’s act of fraud, dishonesty, embezzlement, or
misappropriation, in each case, against the Company or involving Company assets.

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     Termination of RSUs: If the Participant’s employment with the Company is terminated prior to
the Vesting Date other than by the Company without Cause or due to the Participant’s death or
Disability, all RSUs that have not vested as of such termination shall be immediately forfeited by
the Participant as of such date of termination without consideration therefor.

     The Participant’s signature below indicates the Participant’s agreement with and understanding
that this award is subject to all of the terms and conditions contained in the Plan and in this
Agreement (including Appendix A), and that, in the event that there are any inconsistencies
between the terms of the Plan and the terms of this Agreement, the terms of the Plan shall control.
The Participant further acknowledges that the Participant has read and understands the Plan and
this Agreement, including Appendix A hereto, which contains the specific terms and conditions of
this grant of RSUs. The Participant hereby agrees to accept as binding, conclusive and final all
decisions or interpretations of the Committee upon any questions arising under the Plan or this
Agreement.

	 	 	 	 	 	 	 
	VOUGHT AIRCRAFT INDUSTRIES, INC.	 	PARTICIPANT
	/s/
Kevin P. McGlinchey
	 	/s/ Elmer Doty
	 	 	 
	 

	 	 	 	     Elmer L. Doty
	Name:
	 	Kevin P. McGlinchey	 	Address:	 	 
	 	 	 	 	 	 	 
	Title:
	 	Corporate Secretary	 	 	 	 
	 	 	 	 	 

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APPENDIX A

TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS

     1. Grant. The Company hereby grants to the Participant, as of the Grant Date, an
award of 200,000 RSUs, subject to all of the terms and conditions contained in this Agreement and the
Plan. All capitalized terms used but not defined herein shall have the meanings provided in the
Grant Notice and the Plan.

     2. RSUs. As of the Vesting Date, subject to the Participant’s continued employment
with the Company through such date, each RSU shall vest and represent the right to receive payment,
in accordance with Section 4 below, in the form of one share of Stock, provided, that the
Committee, in its sole discretion, may instead elect to pay, in accordance with Section 4 below,
any or all RSUs in cash in an amount equal to the Fair Market Value as of the Vesting Date of a
corresponding number of shares of Stock. Unless and until an RSU vests, the Participant will have
no right to payment in respect of any such RSU. Prior to actual payment in respect of any vested
RSU, such RSU will represent an unsecured obligation of the Company, payable (if at all) only from
the general assets of the Company.

     3. Vesting and Termination. The RSUs shall vest and shall terminate in such amounts
and at such times as are set forth in the Grant Notice. No portion of the RSUs which has not
become vested at the date of the Participant’s termination of employment with the Company shall
thereafter become vested.

     4. Payment after Vesting; Code Section 409A. Payments in respect of any RSUs that
vest in accordance herewith shall be made to the Participant (or in the event of the Participant’s
death, to the Participant’s estate) in whole shares of Stock (or, in the sole discretion of the
Committee, in cash) as soon as practicable, but in any event within sixty (60) days, after the date
on which such RSUs vest (the “Payment Date”).

     5. Tax Withholding. The Company shall have the authority and the right to deduct or
withhold, or to require the Participant to remit to the Company, an amount sufficient to satisfy
all applicable federal, state and local taxes (including the Participant’s employment tax
obligations) required by law to be withheld with respect to any taxable event arising in connection
with the RSUs. Unless otherwise determined by the Committee, the Company shall, in satisfaction of
the foregoing requirement, withhold shares of Stock otherwise issuable in respect of any RSUs
having a Fair Market Value equal to the sums required to be withheld, and the Participant hereby
agrees to such withholding of shares.

     6. Rights as Shareholder. Neither the Participant nor any person claiming under or
through the Participant will have any of the rights or privileges of a shareholder of the Company
in respect of any shares of Stock that may become deliverable hereunder unless and until
certificates representing such shares of Stock shall have been issued, recorded on the records of
the Company or its transfer agents or registrars, and delivered to the Participant or any person
claiming under or through the Participant.

     7. Non-Transferability. Unless transferred to a permitted transferee in accordance

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with Section 10.3 of the Plan, RSUs may not be sold, pledged, assigned or transferred in any
manner other than by will or the laws of descent and distribution, unless and until the shares of
Stock underlying the RSUs have been issued (or cash distributed in lieu of Stock), and all
restrictions applicable to any such shares of Stock have lapsed. Neither the RSUs nor any interest
or right therein shall be liable for the debts, contracts or engagements of the Participant or his
successors in interest or shall be subject to disposition by transfer, alienation, anticipation,
pledge, encumbrance, assignment or any other means whether such disposition be voluntary or
involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or
equitable proceedings (including bankruptcy), and any attempted disposition thereof shall be null
and void and of no effect, except to the extent that such disposition is permitted by the preceding
sentence.

     8. Distribution of Stock. Notwithstanding anything herein to the contrary, (a) no
payment shall be made under this Agreement in the form of shares of Stock unless such shares of
Stock issuable upon such payment are then registered under the Securities Act or, if such shares of
Stock are not then so registered, the Committee has determined that such payment and issuance would
be exempt from the registration requirements of the Securities Act, and (b) the Company shall not
be required to issue or deliver any certificates evidencing shares of Stock pursuant to this
Agreement unless and until the Committee (i) has determined that the issuance and delivery of such
certificates are in compliance with all applicable laws and regulations and, if applicable, the
requirements of any exchange on which the shares of Stock are listed or traded, and (ii) has
obtained the consent or approval of any governmental or regulatory authority that the Committee
deems to be necessary or desirable as a condition to the issuance of any such certificates to the
Participant (or his or her estate). All certificates delivered pursuant to this Agreement shall be
subject to any stop-transfer orders and other restrictions as the Committee deems necessary or
advisable to comply with federal, state, or local securities or other laws, rules and regulations
and the rules of any national securities exchange or automated quotation system on which the shares
of Stock are listed, quoted, or traded. The Committee may place legends on any certificate to
reference restrictions applicable to the shares of Stock. In addition to the terms and conditions
provided herein, the Committee may require that the Participant make such covenants, agreements,
and representations as the Committee, in its sole discretion, deems advisable in order to comply
with any such laws, regulations, or requirements. The Committee shall have the right to require the
Participant to comply with any timing or other restrictions with respect to the settlement of any
RSUs pursuant to this Agreement, including a window-period limitation, as may be imposed in the
discretion of the Committee. Any shares of Stock that may be distributed pursuant to this
Agreement may consist, in whole or in part, of authorized and unissued shares, treasury shares or
shares purchased on the open market. No fractional shares shall be issued and the Committee shall
determine, in its sole discretion, whether cash shall be given in lieu of fractional shares or
whether such fractional shares shall be eliminated by rounding up or down as appropriate.

     9. Lock-Up Period. The Participant hereby agrees that, if so requested by the Company
or any representative of the underwriters (the “Managing Underwriter”) in connection with
any registration of the offering of any securities of the Company under the Securities Act or any
applicable state laws, the Participant shall not sell or otherwise transfer any shares of Stock or
other securities of the Company during (a) the 180-day period (or such longer period as

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may be requested in writing by the Managing Underwriter and agreed to in writing by the
Company) following the effective date of a registration statement of the Company filed under the
Securities Act in connection with the Company’s initial public offering of Common Stock, or (b) the
90-day period following the effective date of a registration statement filed by the Company under
the Securities Act in connection with any other public offering of Common Stock (in either case,
the “Market Standoff Period”). The Company may impose stop-transfer instructions with
respect to securities subject to the foregoing restrictions until the end of such Market Standoff
Period and these restrictions shall be binding on any transferee of such shares.

     10. Restrictions on Shares. Shares of Stock issued pursuant to the RSUs shall be
subject to such terms and conditions as the Committee shall determine in its sole discretion,
including, without limitation, transferability restrictions, repurchase rights, requirements that
such shares be transferred in the event of certain transactions, rights of first refusal with
respect to permitted transfers of shares, voting agreements, tag-along rights and bring-along
rights. Such terms and conditions may, in the Committee’s sole discretion, be contained in a
stockholders’ agreement or such other agreement as the Committee shall determine, in each case in a
form determined by the Committee. The issuance of such shares shall be conditioned on the
Participant’s consent to such terms and conditions and/or the Participant’s entering into such
agreement or agreements. Without limiting the generality of the foregoing, Participant hereby
agrees that as a condition to the issuance of shares of Stock pursuant to the RSUs, at the
Company’s request, Participant shall execute a stockholders’ agreement (or joinder or counterpart
signature page thereto) in a form prescribed by the Company (a “Stockholders’ Agreement”)
and that Participant and any and all shares issued pursuant to the RSUs shall be subject to the
terms and conditions of the Stockholders’ Agreement.

     11. No Effect on Employment. Nothing in this Agreement or in the Plan shall confer
upon the Participant any right to continue to serve as an employee or other service provider of the
Company or any of its Subsidiaries.

     12. Severablility. In the event that any provision in this Agreement is held invalid
or unenforceable, such provision will be severable from, and such invalidity or unenforceability
will not be construed to have any effect on, the remaining provisions of this Agreement, which
shall remain in full force and effect.

     13. Tax Consultation. The Participant understands that the Participant may suffer
adverse tax consequences in connection with the RSUs granted pursuant to this Agreement. The
Participant represents that the Participant has consulted with any tax consultants that the
Participant deems advisable in connection with the RSUs and that the Participant is not relying on
the Company for tax advice.

     14. Amendments, Suspension and Termination. To the extent permitted by the Plan, this
Agreement may be wholly or partially amended or otherwise modified, suspended or terminated at any
time or from time to time by the Committee.

     15. Relationship to other Benefits. Neither the RSUs nor payment in respect thereof
shall be taken into account in determining any benefits pursuant to any pension, retirement,
savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any
Subsidiary.

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     16. Conformity to Securities Laws. The Participant acknowledges that the Plan and
this Agreement are intended to conform to the extent necessary with all provisions of the
Securities Act and the Exchange Act and any and all regulations and rules promulgated by the
Securities and Exchange Commission thereunder, and all applicable state securities laws
and regulations. Notwithstanding anything herein to the contrary, the Plan shall be administered,
and the RSUs are granted, only in such a manner as to conform to such laws, rules and regulations.
To the extent permitted by applicable law, the Plan and this Agreement shall be deemed amended to
the extent necessary to conform to such laws, rules and regulations.

     17. Limitations Applicable to Section 16 Persons. Notwithstanding any other provision
of the Plan or this Agreement, if the Participant becomes subject to Section 16 of the Exchange
Act, the Plan, the RSUs and this Agreement shall be subject to any additional limitations set forth
in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to
Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule.
To the extent permitted by applicable law, this Agreement shall be deemed amended to the extent
necessary to conform to such applicable exemptive rule.

     18. Code Section 409A. Certain amounts payable under this Agreement may constitute
“nonqualified deferred compensation” which is intended to comply with the requirements of Section
409A of the Code. To the extent that any amounts payable under this Agreement are subject to
Section 409A of the Code, this Agreement shall be deemed to incorporate the terms and conditions
required by Section 409A of the Code and Department of Treasury regulations. In the event that
following the Grant Date, the Company determines that any amounts payable under this Agreement may
not be compliant with Section 409A of the Code and related Department of Treasury guidance, the
Company may adopt such amendments to this Agreement or adopt other policies or procedures
(including amendments, policies and procedures with retroactive effective), or take any other
action that the Company determines to be necessary or appropriate to (a) exempt the amounts payable
under this Agreement from Section 409A of the Code and/or preserve the intended tax treatment of
such amounts, or (b) comply with the requirements of Section 409A of the Code and related
Department of Treasury guidance. Nothing herein shall, or shall be construed so as to, limit the
generality of Section 16.14 of the Plan.

     19. Adjustments. The Participant acknowledges that the RSUs are subject to
modification and termination in certain events as provided in this Agreement and Article 11 of the
Plan.

     20. Successors and Assigns. The Company may assign any of its rights under this
Agreement to single or multiple assignees, and this Agreement shall inure to the benefit of the
successors and assigns of the Company. Subject to the restrictions on transfer contained herein,
this Agreement shall be binding upon the Participant and his or her heirs, executors,
administrators, successors and assigns.

     21. Governing Law. The laws of the State of Delaware shall govern the interpretation,
validity, administration, enforcement and performance of the terms of this
Agreement regardless of the law that might be applied under principles of conflicts of
laws.

     22. Captions. Captions provided herein are for convenience only and are not to
serve as a basis for interpretation or construction of this Agreement.

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EXHIBIT 10.1

Purchase And Sale Agreement

     THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is dated as of October 20, 2006 (the
“Effective Date”) and is entered into between PIZZA INN, INC., a Missouri corporation (“Seller”)
and VINTAGE INTERESTS, L.P., a Texas limited partnership (“Purchaser”).

     For and in consideration of the mutual agreements contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby mutually acknowledged, Seller and
Purchaser agree as follows:

SECTION 1. SALE AND PURCHASE OF THE PROPERTY. Subject to the terms and conditions set
forth herein, Seller agrees to sell to Purchaser, and Purchaser agrees to purchase from Seller,
the following:

     (a) That certain tract or parcel of land situated at 3551 Plano Parkway, in The Colony,
Denton County, Texas and further described in Exhibit A attached hereto, together with all
rights and interests appurtenant thereto including, without limitation, (i) all right, title and
interest of Seller in and to adjacent streets, roads, alleys and rights-of-way, and any awards made
or to be made in connection therewith, (ii) all rights of Seller in and to all easements
appurtenant to or benefiting such parcels of land, and (iii) all of Seller’s rights in all mineral
rights and interests with respect to such parcels of land (collectively, the “Land”), including all
improvements, buildings, structures and fixtures located on the land (the “Improvements”) and all
rights, titles and interests appurtenant to the Land and Improvements;

     (b) All right, title and interest of Seller in all assignable licenses, permits and other
items of the tangible and intangible personal property and fixtures (the “Personal Property”)
attached to or used in connection with the ownership, maintenance or operation of the Land or
Improvements, not including Seller’s books and records;

     (c) All right, title and interest of Seller in and to the Assumed Contracts (hereafter
defined); and

     (d) All of Seller’s right, title and interest in and to that certain Warehouse Lease (the
“Warehouse Lease”), dated August 25, 2006, by and between Seller, as Landlord, and The Sygma
Network, Inc., a Delaware corporation, as Tenant, covering approximately 102,000 square feet of
warehouse and office space, and related land as designated as “Warehouse Area” on the attached
Exhibit A-1, attached hereto. A true, correct and complete copy of the Warehouse Lease is
attached hereto as Exhibit B.

The above-listed items are herein collectively called the “Property”.

SECTION 2. PURCHASE PRICE AND EARNEST MONEY.

     (a) The purchase price (the “Purchase Price”) for which Seller agrees to sell and convey the
Property to Purchaser, and which the Purchaser agrees to pay to Seller, subject to the terms
hereof, is the amount of ELEVEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($11,500,000.00).

     (b) Within two (2) business days after the Effective Date (hereinafter defined), Purchaser
shall deposit with Benchmark Title Services, L.L.C. (the “Title Company”), whose address is 5700
Legacy Drive, #10, Plano, Texas 75024; Attention: Kiley McGuire, the sum of $100,000.00 (the
“Earnest Money”) to be invested by the Title Company in an interest-bearing account and to be held
and disbursed by the Title Company strictly in accordance with the terms and provisions of this
Agreement. At the Closing (hereinafter defined), the Earnest Money shall be applied to the
Purchase Price. For the purposes hereof, the term “business day” shall mean any day upon which
national banks in Dallas, Texas are open for business. If the Earnest Money is in the form of a
check, the Title Company shall immediately present the check for payment. Seller shall have the
option of terminating this Agreement if the Earnest Money is not timely delivered to Title Company.

SECTION 3. TITLE COMMITMENT AND SURVEY.

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     (a) Within ten (10) days after the Effective Date, Seller, at its sole cost and expense,
shall deliver or cause to be delivered to Purchaser the following:

	 	i.	 	Commitment for Title Insurance (the “Title Commitment”) from the
Title Company, addressed to the Purchaser, covering the Property and binding the
Title Company to issue to Purchaser at Closing a Texas Standard Form Owner
Policy of Title Insurance (the “Title Policy”) in the amount of the Purchase
Price, including such endorsements as may be specified by Purchaser, with such
Title Commitment setting forth the status of the title of the Property and
showing all liens, claims, encumbrances, easements, rights-of-way,
encroachments, reservations, restrictions and any other matters affecting the
Property. The Title Commitment shall reflect that the survey exception may be
modified in the Title Policy, at Purchaser’s sole cost and expense, to reflect
“shortages in area” only.
	 
	 	ii.	 	Legible copies of all documents referred to in Schedule B of the
Title Commitment.

     (b) Within twenty (20) days after the Effective Date, Seller shall, at its expense, obtain a
current as-built survey (the “Survey”) of the Property prepared in accordance with the minimum
standard detail requirements imposed by ALTA/ACSM, prepared and certified by a registered and
licensed land surveyor, containing a certification in the form attached hereto as Exhibit
H. Upon receipt of the Survey, Seller shall promptly furnish a copy of same to Purchaser,
Purchaser’s legal counsel and the Title Company.

     (c) Purchaser shall have ten (10) days from the receipt of the information referred to in
Section 3(a) and 3(b) hereof to examine the same and to specify to Seller in writing those items in
the Title Commitment and/or the Survey which Purchaser reasonably finds objectionable (the
“Encumbrances”). If Purchaser does not deliver to Seller a written notice specifying those items
which are Encumbrances within ten (10) days after the receipt by Purchaser of all of the
information referred to in Section 3(a) and 3(b) hereof, then all of the items reflected on the
Title Commitment and Survey shall be considered to be Permitted Encumbrances, as hereinafter
defined; provided, however, Purchaser shall not be required to object to financing or mechanic’s
liens on the Property or requirements of Seller which are contained on Schedule C of the Title
Commitment, and any such liens or Schedule C requirements shall not be a Permitted Encumbrance
under any circumstances.

     (d) Seller may, but shall have no obligation to, at its sole cost and expense, cure or remove
the Encumbrances. If Seller fails to cause all of the Encumbrances to be removed or cured prior to
the Closing Date (hereinafter defined) or if Seller notifies Purchaser of its decision not to cure
or remove some or all of the Encumbrances, Purchaser’s sole remedy shall be to:

	 	i.	 	Terminate this Agreement, in which event the Earnest Money
together with all interest earned thereon shall be returned to Purchaser, and
neither party shall have any further rights, duties or obligations hereunder,
except as may be otherwise specified herein; or
	 
	 	ii.	 	Elect to purchase the Property subject to the Permitted
Encumbrances and the Encumbrances not so removed or cured, in which event the
Encumbrances not removed or cured shall be deemed Permitted Encumbrances and the
Purchase Price shall not be reduced by any amount.

Purchaser’s election must be made by giving Seller written notice thereof, which notice must be
given within five (5) days after Seller notifies Purchaser in writing of its decision not to cure
or remove Encumbrances. Purchaser’s failure to give such notice shall be deemed an election by
Purchaser to purchase the Property subject to the Permitted Encumbrances and the Encumbrances not
so removed or cured.

     (e) The Title Policy shall be purchased at Seller’s expense and shall guarantee Purchaser’s
title to the Property to be good and indefeasible, subject only to all matters reflected in the
Title Commitment not objected

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to by Purchaser, or if objected to by Purchaser, waived by Purchaser, and any liens or other
encumbrances created pursuant to the terms of this Agreement (collectively, the “Permitted
Encumbrances”).

SECTION 4. DUE DILIGENCE PERIOD.

     (a) Within ten (10) days after the Effective Date, Seller shall deliver to Purchaser the
following:

     (i) Copies of any and all engineering or environmental reports relating to the
Property and any plans and specifications for the Property which are in the
possession or under the control of Seller;

     (ii) Copies of any zoning reports or zoning information relating to the Property
which are in the possession or under the control of Seller;

     (iii) A copy of each certificate of occupancy for the Improvements;

     (iv) A copy of each agreement between Seller and a third party pursuant to which
such third party provides goods or services to or with respect to the Property and
all amendments thereto (collectively, the “Service Contracts”);

     (v) Copies of all bonds, guarantees and warranties in Seller’s possession or
control relating to the Property (collectively, the “Warranties”);

     (vi) Copies of the real estate and personal property tax bills applicable to the
Property for the years 2004, 2005 and 2006;

     (vii) Copies of each lease agreement, including, without limitation, the
Warehouse Lease, between Seller and a third party tenant which is in effect with
respect to the Property and all amendments thereto (collectively, the “Leases”);

     (viii) A schedule detailing operating expenses prepared by or on behalf of
Seller with respect to the Property for 2004, 2005 and 2006 (year-to-date); and

     (ix) Copies of the Seller’s certified financial statements for 2004, 2005 and
2006 (year-to-date).

     (b) Commencing on the Effective Date hereof and expiring at 5:00 p.m., Dallas, Texas time, on
November 22, 2006 (the “Due Diligence Period”), Purchaser shall have the right to inspect the
Property at all reasonable times during normal business hours and to determine whether the Property
is suitable and satisfactory for Purchaser’s needs and intended uses (taking into consideration
matters including, without limitation, soil and environmental conditions, engineering
characteristics, utilities, access, zoning, condition of improvements, and financing prospects).
However, Purchaser shall not have the right to tests other than visual tests, including, without
limitation, subsurface testing or drilling on the Property, without the prior written consent of
Seller, such consent not to be unreasonably withheld, conditioned or delayed. Purchaser shall make
all inspections in good faith and with due diligence. All inspection fees, appraisal fees,
engineering fees and other expenses of any kind incurred by Purchaser relating to the inspection of
the Property shall be solely Purchaser’s expense. Seller shall cooperate with Purchaser in all
reasonable respects in making such inspections or tests, at no expense to Seller. Seller hereby
reserves the right, at Seller’s sole cost and expense, to have a representative present at the time
of making any such inspection or test. Purchaser shall notify Seller in advance of making any such
inspection or test.

     (c) In making any inspection or test hereunder, Purchaser will not reveal or disclose, and
will cause any

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party acting on behalf of Purchaser to not reveal or disclose, any information obtained by
Purchaser regarding the Property. In addition, Purchaser shall (1) not unreasonably disturb the
Property, (2) not damage any part of the Property or any personal property owned or held by Seller,
its agents, contractors, tenants, invitees, or employees, (3) not injure or otherwise cause bodily
harm to Seller, its agents, contractors, tenants, invitees, or employees, (4) maintain general
commercial liability insurance, on terms and in reasonable amounts, to cover any accident arising
in connection with the presence on the Property of Purchaser and all parties acting on behalf of
Purchaser, (5) promptly pay when due the costs of all tests or inspection done with regard to the
Property by or on behalf of Purchaser, (6) not permit any liens to attach to the Property by reason
of the exercise of its rights hereunder, and (7) restore the Property to the condition in which it
was prior to any such inspection or test by or on behalf of Purchaser. Purchaser indemnifies and
agrees to defend and hold Seller harmless from any and all injuries, losses, liens, claims,
judgments, liabilities, costs, expenses or damages (including reasonable attorneys’ fees and court
costs) sustained by Seller which result from or arise out of any inspection or test by Purchaser or
any party acting on Purchaser’s behalf or from any breach of the covenants of Purchaser contained
in this paragraph. The foregoing indemnity shall not terminate upon the Closing or any termination
of this Agreement. Notwithstanding the foregoing, in no event shall Purchaser be deemed to
indemnify Seller with respect to Seller’s negligence or willful misconduct or any pre-existing
conditions on the Property as of Purchaser’s entry onto the Property.

     (d) In the event Purchaser determines, in its sole discretion, for any reason, or for no
reason, during the Due Diligence Period that the Property is not acceptable, Purchaser may elect to
terminate this Agreement by delivering written notice thereof to Seller prior to the expiration of
the Due Diligence Period, in which event the Earnest Money, less the $100.00 independent
consideration to Seller described below, shall be returned to Purchaser by the Title Company, and
the parties shall have no further right or obligation hereunder, except as specifically provided
herein. If Purchaser so terminates this Agreement, as a condition precedent to Purchaser’s right
to receive the Earnest Money, Purchaser shall deliver to Seller all information, studies and
reports Purchaser or Purchaser’s agents have obtained with respect to the Property or the condition
of the Property. If Purchaser fails to deliver written notice of termination of this Agreement to
Seller prior to expiration of the Due Diligence Period, Purchaser shall be deemed to have waived
its right to terminate this Agreement pursuant to this Section.

     (e) Purchaser represents that it is knowledgeable and experienced in real property comparable
to the Property and will have conducted prior to the expiration of the Due Diligence Period such
inspection and investigations of the Property as Purchaser deems appropriate. Purchaser further
represents and acknowledges that by the expiration of the Due Diligence Period, Purchaser shall
have fully informed and satisfied itself as to all matters relevant to the acquisition, use and
development of the Property, including without limitation, all environmental matters with respect
to the Property. EXCEPT FOR SELLER’S REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS AGREEMENT,
PURCHASER ACKNOWLEDGES THAT IT IS NOT RELYING IN WHOLE OR IN PART UPON ANY STATEMENT MADE OR
INFORMATION OR DOCUMENTATION PROVIDED BY OR ANY WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, OF
ANY KIND, TYPE, CHARACTER, OR NATURE WHATSOEVER, MADE OR FURNISHED BY SELLER, ITS AGENTS,
EMPLOYEES, CONTRACTORS, REPRESENTATIVES, ATTORNEYS, AFFILIATES, TRUSTEES, BENEFICIARIES, PARTNERS,
MEMBERS MANAGERS, SHAREHOLDERS, DIRECTORS, OFFICERS OR AFFILIATES. Except for Seller’s
representations and warranties contained in this Agreement, Purchaser waives any obligation which
might be imposed upon Seller to disclose material facts regarding the Property, regardless of
whether such facts are discoverable by Purchaser. Purchaser agrees that it has the right to
conduct an assessment or inspection of the Property pursuant to this Section 4 and subject to the
terms and conditions hereof, and Purchaser waives any requirement under law that Seller provide any
other right to conduct an assessment or inspection of the Property. The obligations of this
paragraph shall survive the Closing or any termination of this Agreement.

     (f) Purchaser acknowledges that several ordinances, statutes, rules, regulations, codes, and
public and private covenants, conditions and restrictions may affect the development and/or use of
the Property. Purchaser shall review and verify all such matters prior to the expiration of the
Due Diligence Period. Notwithstanding anything contained herein to the contrary, Purchaser’s
failure to terminate this Agreement pursuant to its rights

Page 4

 

under this Section shall constitute Purchaser’s irrevocable approval of the ordinances, statutes,
rules, regulations, codes, and public and private covenants, conditions and restrictions which
affect the development and/or use of the Property.

     (g) On or prior to the expiration of the Due Diligence Period, Purchaser shall review the
Service Contracts and notify Seller in writing as to which if any of the Service Contracts it
wishes to assume at Closing (collectively, the “Assumed Contracts”). In the event that Purchaser
does not timely notify Seller within the Due Diligence Period, it shall be deemed to have elected
not to assume any of the Service Contracts.

     SECTION 5. REPRESENTATIONS AND WARRANTIES OF SELLER. Seller hereby represents and
warrants to Purchaser, both as of the date hereof and as of the Closing Date, as follows:

     (a) Seller is a corporation duly formed, validly existing and in good standing under the laws
of the State of Missouri, and Seller is a corporation qualified to do business, validly existing
and in good standing under the laws of the State of Texas.

     (b) Seller is the owner of the Property and has all requisite power and authority, and has
taken all actions required by its organizational documents and to authorize it to execute and
deliver this Agreement. The individual executing this Agreement and any other documents and
instruments executed by Seller pursuant hereto has the legal power, right, and actual authority to
bind Seller to the terms and conditions hereof and thereof.

     (c) The Property is not subject to any leases, tenancies or other occupancy rights, recorded
or unrecorded, written or oral, except for the Warehouse Lease, and Seller is not in default of any
of its obligations under the Warehouse Lease and no event has occurred which with notice, the
passing of time or both, would constitute a default or an event of default under the Warehouse
Lease.

     (d) To Seller’s knowledge, there is no action, claim, lawsuit, litigation or proceeding
pending against or with respect to the Property and no such action, claim, lawsuit, litigation or
proceeding has been made or threatened.

     (e) Seller has not received notice of any pending or contemplated taking of all or any
portion of the Property.

     (f) Seller has not received any notice asserting that the Property is in violation of any
law, code, ordinance or restriction applicable to the Property.

     (g) Seller is not a “foreign person” as that term is defined in Section 1445 of the Internal
Revenue Code of 1986, as amended, and any applicable regulations promulgated thereunder.

     (h) Seller will not, from and after the Effective Date through Closing or the earlier
termination of this Agreement: (i) enter into any lease or otherwise encumber the Property; (ii)
enter into any agreements which would be binding on Purchaser after its acquisition of the Property
or which would affect Purchaser’s title to the Property; or (iii) perform any act which would
materially and adversely affect Seller’s right or ability to convey the Property to Purchaser
pursuant to this Agreement.

     The representations and warranties in this Section 5 shall survive the Closing of this
Agreement for a period of twelve (12) months from and after the Closing Date.

     For purposes of this Agreement, “knowledge” (as it relates to Seller) means the actual,
conscious knowledge, and not the constructive or imputed knowledge, of Rod McDonald (Seller’s
General Counsel), without personal liability to such persons, and without the obligation of such
persons to undertake any further

Page 5

 

investigation and inquiry.

     The representations and warranties set forth in this Section 5 are made as of the date of this
Agreement and shall survive the Closing for a period of one (1) year from the Closing Date. If (a)
any of Seller’s representations and warranties set forth in this Section 5 are untrue in any
material respect, and (b) the party gaining knowledge of such facts (either Purchaser or Seller)
gains such knowledge prior to the Closing Date, such party shall give the other party prompt
written notice thereof, and Purchaser shall, as Purchaser’s sole remedy for such breach, have the
right to terminate this Agreement by delivering written notice prior to the earlier of (i) ten (10)
days from the date of such written notice, or (ii) the Closing Date, whereupon Title Company shall
refund the Earnest Money to Purchaser, Seller shall reimburse Purchaser for the actual, reasonable
out-of-pocket costs and expenses incurred in connection with the transaction contemplated in this
Agreement up to, but not in excess of the Cap (as defined in Section 10 hereof), and neither party
shall have any further rights or obligations hereunder, except for those obligations which
expressly survive the termination of this Agreement. Notwithstanding anything to the contrary
contained in this Agreement, Purchaser acknowledges and agrees that no claim for a breach of a
representation or warranty of Seller shall be actionable, payable or give rise to any right, claim
or defense on the part of Purchaser: (x) at any time if the breach in question results from or is
based on a condition, state of facts or other matter with respect to which Purchaser has knowledge
on or prior to the Effective Date, or (y) after Closing if the breach in question results from or
is based on a condition, state of facts or other matter with respect to which Purchaser acquires
knowledge after the Effective Date but prior to Closing.

If the parties consummate the Closing and (a) any of the representations and warranties are untrue
in any material respect, and (b) the party gaining knowledge of such facts (either Purchaser or
Seller) gains such knowledge after the Closing Date, such party shall give the other party prompt
written notice thereof, and Seller shall indemnify and hold Purchaser harmless from and against
actual damages proximately caused by such breach. Purchaser shall not have the right to bring an
action against Seller for and Purchaser hereby expressly waives any action or suit against Seller
for consequential damages, incidental damages, lost profits, punitive damages or any other damages
other than actual damages arising out of Seller’s default under this Section 5.

SECTION 6. CLOSING.

     (a) The Closing (the “Closing”) of the sale of the Property by Seller to Purchaser shall
occur on December 19, 2006 (“Closing Date”) or on such earlier date as Purchaser and Seller may
agree. The Closing shall occur in the offices of the Title Company.

     (b) The performance by Seller of all of its obligations hereunder shall be a condition
precedent to Purchaser’s obligation to consummate the Closing of this Agreement (subject to waiver
by Purchaser, in its sole discretion). At the Closing, the Seller shall deliver or cause to be
delivered to Purchaser the following:

	 	i.	 	A Special Warranty Deed in the form attached hereto as
Exhibit C (the “Deed”), executed by Seller and conveying good and
indefeasible fee simple title to the Property to Purchaser, subject only to the
Permitted Encumbrances;
	 
	 	ii.	 	A Bill of Sale and Assignment in the form attached hereto as
Exhibit D (the “Bill of Sale”), transferring to Purchaser Seller’s
interest in the Personal Property (including the Assumed Contracts), without
warranty and on an “as is” basis as set forth in the Deed;
	 
	 	iii.	 	An Assignment of Lease, in the form attached hereto as
Exhibit E (the “Assignment”), assigning all of Seller’s interest in and
under the Warehouse Lease. In connection with said Assignment, Seller shall
execute in counterpart that certain tenant notice letter in the form attached
hereto as Exhibit F (the “Tenant Notice Letter”), informing the tenant
of the assignment of the Warehouse Lease to Purchaser;

Page 6

 

	 	iv.	 	An estoppel certificate executed by each of the tenants under the
Leases, including, without limitation, the Warehouse Lease, dated not more than
thirty (30) days prior to the Closing Date, and in a form and content acceptable
to Purchaser;
	 
	 	v.	 	the irrevocable commitment from the Title Company to issue the
Title Policy issued by the Title Company in the amount of the Purchase Price
insuring that Purchaser owns fee simple title to the Property, and including
such endorsements as may be specified by Purchaser, subject to no exceptions
other than the Permitted Encumbrances. At Purchaser’s option, the standard
printed exception for “any discrepancies, conflicts, or shortages in area or
boundary lines, or any encroachments, or any overlapping of improvements” shall
be deleted (except for “shortages in area”), any mortgagee policy of title
insurance, and any other additions, deletions, certifications, or amendments to
the Title Policy or any mortgagee policy of title insurance shall be at Seller’s
expense;
	 
	 	vi.	 	a certificate of non-foreign status, in form reasonably
acceptable to Seller and Purchaser, that Seller is not a “foreign person” within
the meaning of Section 1445 of the Internal Revenue Code;
	 
	 	vii.	 	evidence reasonably acceptable to Purchaser and the Title Company
authorizing the consummation by Seller of the purchase and sale transaction
contemplated hereby; and
	 
	 	viii.	 	execute and deliver such other documents as the Title Company
may reasonably require in connection with the Closing, including, without
limitation, a closing statement and one (1) or more affidavits regarding debts,
liens and possession of the Property.

     (c) The performance by Purchaser of all of its obligations hereunder shall be a condition
precedent to Seller’s obligation to consummate the Closing of this Agreement (subject to waiver by
Seller, in its sole discretion). At the Closing, the Purchaser shall execute and deliver (or cause
to be delivered) to Seller the following:

	 	i.	 	cash, wired funds or a cashier’s or certified check made payable
to the order of Seller, at Seller’s option, in the amount of the Purchase Price,
due credit being given for the Earnest Money (including interest earned
thereon);
	 
	 	ii.	 	evidence reasonably acceptable to Seller and the Title Company
authorizing the consummation by Purchaser of the purchase and sale transaction
contemplated hereby;
	 
	 	iii.	 	the Bill of Sale;
	 
	 	iv.	 	the Assignment;
	 
	 	v.	 	the Tenant Notice Letter; and
	 
	 	vi.	 	execute and deliver such other documents as the Title Company may
reasonably require in connection with the Closing, including, without
limitation, a closing statement.

     (d) At Closing, Seller and Purchaser shall execute that certain Office Lease in the form of
Exhibit G attached hereto (the “Office Lease”), pursuant to which Seller, as tenant, will
lease the portion of the Property shown on Exhibit A-1 as the “Office Area” from Purchaser, as
landlord. The obligations of each of Seller and Purchaser to consummate the Closing are expressly
conditioned upon the other party’s execution of the Office Lease, and the failure of either party
to so execute the Office Lease at Closing shall be a default of such party, entitling the
non-defaulting party to the remedies set forth in Section 9 of this Agreement.

Page 7

 

     (e) All ad valorem real estate taxes and assessments levied or assessed against the Property
for the tax year during which the Closing occurs shall not be prorated between Purchaser and Seller
as of the Closing Date, as such taxes shall remain the obligation of Seller as tenant under the
Office Lease and Warehouse Tenant under the Warehouse Lease.

     (f) Purchaser shall pay for the costs (i) of any financing obtained by Purchaser in connection
with its purchase of the Property pursuant hereto, (ii) of any documentary stamp taxes, deed taxes,
transfer taxes, intangible taxes, mortgage taxes or other similar taxes, fees or assessments, (iii)
incurred by Purchaser in performing its feasibility study and related tests and investigations, and
(iv) of one-half of the Title Company’s escrow fee. Seller shall pay for the costs (x) of the
Survey, (y) the Title Commitment and the premium for the Title Policy and (z) one-half of the Title
Company’s escrow fee. Each party shall pay its own attorneys’ fees.

     (g) Upon completion of the Closing, Seller shall deliver to Purchaser possession of the
Property, subject to the Permitted Encumbrances, free and clear of all tenancies of every kind and
parties in possession, except for the Warehouse Lease and the Office Lease.

SECTION 7. NOTICES. All notices or other communications required to be given or served on
any party pursuant to this Agreement must be in writing and given to the parties at the addresses
set forth hereinbelow:

If to Seller:

Pizza Inn, Inc.

3551 Plano Parkway

The Colony, Texas 75056

Attention: Rod McDonald, General Counsel

Telephone No. 469.384.5000

Facsimile No. 469.384.5061

With copy to Seller’s legal counsel:

Cherry, Petersen + Landry, LLP

9400 North Central Expressway, Suite 1616

Dallas, Texas 75231

Attention: Terry R. Landry

Telephone: (214) 265-7007

Facsimile: (214) 265-7008

If to Purchaser:

Vintage Interests, LP

2525 Fairmount Street

Dallas, Texas 75201

Telephone: 214.954.4344

Facsimile: 214.954.4355

With copy to Purchaser’s legal counsel:

Jenkens & Gilchrist, PC

1445 Ross Avenue, Suite 3700

Dallas, Texas 75202

Attention: George C. Dunlap, Jr.

Telephone: 214.855.4723

Facsimile: 214.855.4300

Any such notice or other communication shall be deemed given on the earliest to occur of the
following: (a) the first business day following the day sent by United States express mail, postage
prepaid, return receipt requested; (b) on the first business day following the day sent by an overnight carrier service
that operates on a

Page 8

 

nationwide basis; (c) on the third business day following the day sent by United
States certified mail, postage prepaid, return receipt requested; or (d) on the date delivered by
hand to the address above for which a signed receipt is given, whether or not actually received by
the person to whom directed. From time to time either party may designate another address within
the continental United States for purposes of this Agreement by giving the other party not less
than ten (10) days advance written notice of such change of address in accordance with the
provisions of this Section. Facsimile transmissions shall not constitute notice hereunder, unless
the recipient acknowledges receipt of the facsimile in writing.

SECTION 8. COMMISSIONS. Except for The Staubach Company, who represents Seller in
connection with this transaction, Purchaser and Seller each represent and warrant to the other that
no real estate broker or agent has been used or consulted by such representing party in connection
with the negotiation or execution of this Agreement or the purchase and sale of the Property.
Purchaser and Seller covenant and agree that each will defend, indemnify and hold the other
harmless from and against all liabilities, claims, demands and actions by third parties for
brokerage, commission, finder’s or other fees relative to negotiation or execution of this
Agreement, or the purchase and sale of the Property, and any court costs, attorneys’ fees or other
costs or expenses arising therefrom, alleged to be due to the indemnifying party’s acts. Such
indemnities shall survive any termination or Closing of this Agreement.

SECTION 9. ASSIGNS. This Agreement shall inure to the benefit of and be binding on the
parties hereto and their respective heirs, legal representatives, successors and assigns.
Notwithstanding the foregoing, Purchaser shall not have the right nor the power to assign this
Agreement or any right, title, interest or obligation hereunder to any party other than an
affiliate of Purchaser without the prior written approval of Seller. Any purported assignment in
violation of this provision shall be null and void. Any assignment to which Seller consents, which
consent must be in writing, shall not release Purchaser from any obligation or liability hereunder
unless such release is provided in writing signed by Seller.

SECTION 10. REMEDIES.

     (a) In the event that Purchaser shall fail to consummate this Agreement for any reason,
except Seller’s default or a termination of this Agreement by Purchaser or Seller pursuant to a
right to do so under the provisions hereof, Seller shall, as its sole and exclusive remedy, be
entitled to terminate this Agreement by written notice to Purchaser, and Seller shall retain the
Earnest Money, which shall constitute liquidated damages hereunder. The parties agree that Seller
will suffer damages in the event of Purchaser’s default on its obligations, that the Earnest Money
represents a reasonable forecast of just compensation for the harm that would be caused by such
default by Purchaser, and that the harm that would be caused by such default is one that is
incapable, or very difficult, of accurate estimation. Upon termination of this Agreement under
this Section, neither party shall have any further rights or obligations hereunder except as
otherwise expressly provided herein. Purchaser also shall be in default under this Agreement if
Purchaser becomes bankrupt, whether voluntarily or involuntarily, or insolvent, or makes an
assignment for the benefit of its creditors. Except as otherwise provided herein, such liquidated
damages shall constitute Seller’s sole and exclusive remedy. In the event Seller is entitled to
the Earnest Money as liquidated damages and to the extent Seller has not already received the
Earnest Money, the Earnest Money shall be immediately paid to Seller by the Title Company upon
receipt of written notice from Seller that Purchaser has defaulted under this Agreement, and
Purchaser agrees to take all such actions and execute and deliver all such documents necessary or
appropriate to effect such payment.

     (b) In the event that Seller shall fail to consummate this Agreement for any reason, except
Purchaser’s default or a termination of this Agreement by Purchaser or Seller pursuant to a right
to do so under the provisions hereof, Purchaser, as its sole and exclusive remedy, may either (i)
enforce specific performance of Seller’s obligations hereunder, or (ii) terminate this Agreement by
giving written notice of termination to Seller, whereupon the Earnest Money (and any interest
earned thereon) shall be immediately returned to Purchaser. If Purchaser elects to not terminate
this Agreement, but seeks specific performance in accordance with option (i) above, and specific
performance is rendered unavailable to Purchaser by reason of Seller’s default under this
Agreement, and if such default is the result of Seller’s act or omission (as opposed to an act or
omission of a

Page 9

 

third party not under the control or agency of Seller), then, and only in such case
Seller shall reimburse Purchaser for the reasonable out-of-pocket costs and expenses up to $50,000
incurred in connection with the transaction contemplated in this Agreement (the “Cap”). It is the
intent of the parties that the phrase “specific performance is rendered unavailable to Purchaser”
shall mean that Purchaser would have been entitled to specific performance but for Seller’s default
and Seller is unable to deliver possession of the Property to Purchaser in the condition required
by this Agreement. Upon termination of this Agreement under this Section, neither party shall have
any further rights or obligations hereunder, except as otherwise expressly provided herein. Except
as otherwise provided in Section 5 and in this Section 10(b), Purchaser shall not have the right to
bring and Purchaser hereby expressly waives any action or suit against Seller for consequential
damages, lost profits, or punitive damages arising out of Seller’s default under this Agreement.

     (c) The provisions of this Section 10 shall survive the Closing or any termination of this
Agreement.

SECTION 11. CONDEMNATION; CASUALTY.

     (a) In the event that all or any substantial portion of the Property is condemned or taken by
eminent domain after the Due Diligence Period but prior to Closing, Purchaser may, at its option,
either (i) terminate this Agreement by written notice thereof to Seller within ten (10) days after
Seller notifies Purchaser of the condemnation and receives an immediate refund of the Earnest
Money, or (ii) proceed to close the transaction contemplated herein pursuant to the terms hereof,
in which event Seller shall assign to Purchaser at the Closing all proceeds and awards and/or shall
deliver to Purchaser at the Closing any proceeds and awards actually received by Seller
attributable to the Property from such condemnation or eminent domain proceeding. In the event
Purchaser fails to timely deliver written notice of termination as described in (i) above,
Purchaser shall be deemed to have elected to proceed in accordance with (ii) above.

     (b) In the event that all or any substantial portion of the Property shall be damaged or
destroyed by fire or other casualty after the Due Diligence Period but prior to the Closing,
Purchaser may, at its option, either (i) terminate this Agreement by written notice thereof to
Seller within ten (10) days after Seller notifies Purchaser of the casualty and receive an
immediate refund of the Earnest Money, or (ii) proceed to close the transaction contemplated herein
pursuant to the terms hereof, in which event Seller shall deliver to Purchaser at the Closing any
insurance proceeds actually received by Seller attributable to the Property from such casualty and
Seller shall assign to Purchaser any and all claims for such insurance proceeds attributable to the
Property, and there shall be no reduction in the Purchase Price. In the event Purchaser fails to
timely deliver written notice of termination as described in (i) above, Purchaser shall be deemed
to have elected to proceed in accordance with (ii) above.

     (c) For the purposes of Sections 10(a) and 10(b), a “substantial portion” of the Property
shall be deemed to include any taking or casualty loss equal to or greater than 10% of the gross
number of square feet contained in the buildings and other improvements that are situated on the
Land, and shall not include any taking or casualty loss of less than 10% of the gross number of
square feet contained in the buildings and improvements that are situated on the Land.

SECTION 12. DISCLAIMER.

     (a) IT IS UNDERSTOOD AND AGREED THAT EXCEPT FOR THE WARRANTY OF TITLE CONTAINED IN THE DEED
AND EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, (A) THE PROPERTY IS SOLD BY SELLER AND
PURCHASED AND ACCEPTED BY PURCHASER ON AN “AS IS,” “WHERE IS” AND “WITH ALL
FAULTS” BASIS, SUBJECT TO ANY CONDITION WHICH MAY EXIST, AND WITHOUT THE EXISTENCE OF AND
WITHOUT RELIANCE UPON ANY REPRESENTATION, WARRANTY, AGREEMENT, OR STATEMENT BY SELLER, OR ANYONE
ACTING ON BEHALF OF SELLER INCLUDING, WITHOUT LIMITATION, ANY BROKER, ENGINEER, ARCHITECT,
ATTORNEY, SURVEYOR, APPRAISER, OR ENVIRONMENTAL CONSULTANT; (B) PURCHASER HAS OR WILL HAVE, PRIOR
TO THE CLOSING THOROUGHLY INSPECTED AND EXAMINED THE PROPERTY TO THE EXTENT

Page 10

 

DEEMED NECESSARY BY PURCHASER
IN ORDER TO ENABLE PURCHASER TO EVALUATE THE PURCHASE OF THE PROPERTY ON THE FOREGOING BASIS; AND
(C) PURCHASER IS RELYING SOLELY UPON SUCH INSPECTIONS, EXAMINATION, AND EVALUATION OF THE PROPERTY
BY PURCHASER IN PURCHASING THE PROPERTY ON AN “AS IS”, “WHERE IS” AND “WITH ALL
FAULTS” BASIS, WITHOUT REPRESENTATION, WARRANTY, AGREEMENT OR STATEMENT BY SELLER OR ANYONE
ACTING ON BEHALF OF SELLER, EXPRESS OR IMPLIED, OF ANY KIND OR NATURE, OTHER THAN THE WARRANTY OF
TITLE CONTAINED IN THE DEED. THE PROVISIONS OF THIS SECTION SHALL SURVIVE THE CLOSING OR ANY
TERMINATION HEREOF.

     (b) With respect to any information provided to Purchaser and any information made available
to Purchaser by or on behalf of Seller, including, without limitation the Title Commitment and the
Survey, Purchaser acknowledges and agrees that (i) Purchaser shall use and rely on such information
at Purchaser’s own risk, (ii) the parties preparing such information are not the agents of Seller,
(iii) Seller shall have no duty to advise Purchaser of any misrepresentations, misstatements,
mistakes, errors or other inaccuracies contained in such information, and (iv) Seller shall have no
and is hereby released from all liability to Purchaser, its successors and/or assigns, with respect
to such information, including, without limitation any liability for misrepresentations,
misstatements, mistakes, errors or other inaccuracies contained in such information, regardless of
whether or not Seller actually knows of the existence thereof. Notwithstanding anything in this
Agreement to the contrary, nothing in this Agreement shall be deemed to affect any obligations of
Seller, or release Seller from any liability whatsoever, as the tenant under the terms and
provisions of the Office Lease.

SECTION 13. MISCELLANEOUS.

	 	a.	 	Notices to Purchaser.

	 	i.	 	Purchaser should have an abstract covering the Property examined
by an attorney of Purchaser’s selection, or Purchaser should be furnished with
or obtain a title policy.
	 
	 	ii.	 	If the Property is situated in a utility or other statutorily
created district providing water, sewer, drainage, or flood control facilities
and services, Chapter 49, Texas Water Code, requires Seller to deliver and
Purchaser to sign the statutory notice relating to the tax rate, bonded
indebtedness, or standby fees of the district before final execution of this
Agreement.
	 
	 	iii.	 	Seller advises Purchaser that Seller does not know the location
of any transportation pipelines on the Property, including, without limitation,
pipelines for the transportation of natural gas, natural gas liquids, synthetic
gas, liquefied petroleum gas, petroleum or petroleum products, or hazardous
substances.

	 	b.	 	Entire Agreement; Governing Law. THIS AGREEMENT AND ANY EXHIBITS ATTACHED
HERETO CONTAIN THE ENTIRE AGREEMENT BETWEEN THE PARTIES, AND NO PROMISE,
REPRESENTATION, WARRANTY OR COVENANT NOT INCLUDED IN THIS AGREEMENT OR ANY SUCH
REFERENCED EXHIBITS HAS BEEN OR IS RELIED UPON OR MADE BY EITHER PARTY. Each party has
relied upon its own examination of the full Agreement and the provisions thereof, and
the counsel of its own advisers, and the warranties, representations and covenants
expressly contained in this Agreement. No modification or amendment of this Agreement
shall be of any force or effect unless made in writing and executed by both Purchaser
and Seller. In the event that any litigation arises hereunder, it is specifically
stipulated that this Agreement shall be interpreted and construed according to the laws
of the State of Texas, without regard to conflicts
of laws principles, and shall be performed in Dallas County, Texas.

Page 11

 

	 	c.	 	Authority to Enter into Agreement. Purchaser represents and warrants to Seller
that (i) Purchaser has full right and authority to enter into this Agreement and to
consummate the transactions contemplated herein, (ii) each of the persons executing
this Agreement on behalf of Purchaser is authorized to do so, and (iii) this Agreement
constitutes a valid and legally binding obligation of Purchaser, enforceable in
accordance with its terms. Seller represents and warrants to Purchaser that (i) Seller
has full right and authority to enter into this Agreement and to consummate the
transactions contemplated herein, (ii) each of the persons executing this Agreement on
behalf of Seller is authorized to do so, and (iii) this Agreement constitutes a valid
and legally binding obligation of Seller, enforceable in accordance with its terms.
	 
	 	d.	 	Severability. If any provision of this Agreement is held to be illegal,
invalid or unenforceable under present or future laws, such provision shall be fully
severable, and this Agreement shall be construed and enforced as if such illegal,
invalid or unenforceable provision had never comprised a part of the Agreement, and the
remaining provisions of the Agreement shall remain in full force and effect and shall
not be affected by the illegal, invalid or unenforceable provision or by its severance
from this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable
provision, there shall be deemed added automatically as a part or this Agreement, a
provision as similar in terms to such illegal, invalid or unenforceable provision as
may be possible and be legal, valid and enforceable.
	 
	 	e.	 	Attorneys’ Fees and Legal Expenses. Should either party hereto institute any
action or proceeding in court or through arbitration to enforce any provision hereof or
for damages by reason of any alleged breach of any provision of this Agreement or for
any other remedy, the prevailing party shall be entitled to receive from the losing
party all reasonable attorneys’ fees and all court and/or arbitration costs in
connection with said proceeding.
	 
	 	f.	 	Construction. The parties acknowledge that the parties and their counsel have
reviewed and revised this Agreement and that the normal rule of construction to the
effect that any ambiguities are to be resolved against the drafting party shall not be
employed in the interpretation of this Agreement or any exhibits or amendments hereto.
	 
	 	g.	 	Calculation of Dates and Times. Unless otherwise specified, in computing any
period of time described in this Agreement, the day of the act or event after which the
designated period of time begins to run is not to be included and the last day of the
period so computed is to be included, unless such last day is a Saturday, Sunday or
legal holiday under the laws of the State of Texas, in which event the period shall run
until the end of the next day which is neither a Saturday, Sunday or legal holiday. The
final day of any such period shall be deemed to end at 5 p.m., Dallas, Texas time.
	 
	 	h.	 	Counterparts. This Agreement may be executed in any number of counterparts
which together shall constitute the agreement of the parties. The Section headings
herein contained are for purposes of identification only and shall not be considered in
construing this Agreement.
	 
	 	i.	 	Seller Exculpated Parties. Notwithstanding anything to the contrary contained
in this Agreement, none of the partners of Seller nor any of the directors, officers,
employees, shareholders, members, managers, partners or agents of any of the partners
of Seller nor any other person, partnership, corporation or trust, as principal of
Seller, whether disclosed or undisclosed (collectively, the “Seller Exculpated
Parties”) shall have any personal obligation or liability hereunder, and Purchaser
shall not seek to assert any claim or enforce any of its rights hereunder against any
Seller Exculpated Party.
	 
	 	j.	 	Purchaser Exculpated Parties. Notwithstanding anything to the contrary
contained in this Agreement, none of the partners of Purchaser nor any of the directors, officers,
employees,

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	 	 	 	shareholders, members, managers, partners or agents of any of the partners
of Purchaser nor any other person, partnership, corporation or trust, as principal of
Purchaser, whether disclosed or undisclosed (collectively, the “Purchaser Exculpated
Parties”) shall have any personal obligation or liability hereunder, and Seller shall
not seek to assert any claim or enforce any of its rights hereunder against any
Purchaser Exculpated Party.
	 
	 	k.	 	WAIVER OF JURY TRIAL. PURCHASER AND SELLER EACH HEREBY AGREE NOT TO ELECT A
TRIAL BY JURY OF ANY ISSUE TRIABLE OF RIGHT BY JURY, AND WAIVE ANY RIGHT TO TRIAL BY
JURY FULLY TO THE EXTENT THAT ANY SUCH RIGHT SHALL NOW OR HEREAFTER EXIST WITH REGARD
TO THIS AGREEMENT OR ANY CLAIM, COUNTERCLAIM OR OTHER ACTION ARISING IN CONNECTION
THEREWITH. THIS WAIVER OF RIGHT TO TRIAL BY JURY IS GIVEN KNOWINGLY AND VOLUNTARILY BY
PURCHASER AND SELLER, AND IS INTENDED TO ENCOMPASS INDIVIDUALLY EACH INSTANCE AND EACH
ISSUE AS TO WHICH THE RIGHT TO A TRIAL BY JURY WOULD OTHERWISE ACCRUE. SELLER OR
PURCHASER, AS APPLICABLE, IS HEREBY AUTHORIZED TO FILE A COPY OF THIS SECTION IN ANY
PROCEEDING AS CONCLUSIVE EVIDENCE OF THIS WAIVER BY PURCHASER OR SELLER, AS APPLICABLE.
	 
	 	l.	 	No Recordation. Seller and Purchaser hereby acknowledge that neither this
Agreement nor any memorandum or affidavit thereof shall be recorded of public record in
any county or state. Should Purchaser ever record or attempt to record this Agreement,
or a memorandum or affidavit thereof, or any other similar document, then,
notwithstanding anything herein to the contrary, said recordation or attempt at
recordation shall constitute a default by Purchaser hereunder, and, in addition to the
other remedies provided for herein, Seller shall have the express right to terminate
this Agreement by filing a notice of said termination in the place where such
memorandum or affidavit is recorded and in the county in which the Property is located.
	 
	 	m.	 	Time is of the Essence. Time is of the essence with respect to the performance
of all obligations provided herein and the consummation of all transactions
contemplated hereby.
	 
	 	n.	 	Merger Provision. Except where expressly provided in this Agreement, any and
all rights of action of Purchaser for any breach by Seller of any representation,
warranty or covenant contained in this Agreement shall merge with the Deed and other
instruments executed at Closing and shall not survive the Closing.
	 
	 	o.	 	Confidentiality. Purchaser and Seller shall keep the terms of this Agreement
strictly confidential and shall not disclose or permit their respective officers,
shareholders, directors, partners, employees or agents to disclose such terms, unless
otherwise required by applicable law or process of law.
	 
	 	p.	 	Waiver of DTPA. Purchaser acknowledges and agrees, on its own behalf and
on behalf of any permitted assigns and successors of Purchaser hereafter, that the
Texas Deceptive Trade Practices-Consumer Protection Act, Subchapter E of Chapter 17 of
the Texas Business and Commerce Code (the “DTPA”), is not applicable to this
transaction. Accordingly, Purchaser’s rights and remedies with respect to the
transaction contemplated under this Agreement, and with respect to all acts or
practices of the Seller, past, present or future, in connection with such transaction,
shall be governed by legal principles other than the DTPA. The provisions of this
Section shall survive the termination or the Closing of this Agreement. 

Page 13

 

	 	q.	 	Time Limit. This Agreement, until fully executed, is only an offer of the
party first executing the same, and shall not be considered effective until and unless
this Agreement is fully executed by both Buyer and Seller within three (3) days after
the first party executes this Agreement. All references herein to the date of this
Agreement shall mean the Effective Date.
	 
	 	r.	 	Survival. It is expressly agreed that all indemnities set forth in this
Agreement shall survive the termination or Closing of this Agreement.

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	 	s.	 	Independent Consideration. Notwithstanding anything herein to the contrary, a
portion of the Earnest Money Deposit in the amount of $100.00 shall be non-refundable
and shall be distributed to Seller at Closing or other termination of this Agreement as
full payment and independent consideration for Seller’s performance under this
Agreement and for the rights granted to Purchaser hereunder. Any refund or delivery of
the Earnest Money to Purchaser pursuant to this Agreement shall be less the
non-refundable portion thereof which shall simultaneously be distributed to Seller.

(Signatures on following page)

Page 15

 

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of the
Effective Date.

	 	 	 	 	 	 	 	 	 
	 	 	SELLER:	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PIZZA INN, INC.,	 	 
	 	 	a Missouri corporation	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Clinton J. Coleman	 	 
	 	 	 	 	 
	 	 
	 	 	Name:	 	Clinton J. Coleman	 	 
	 	 	Title:	 	Interim Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	Date:	 	October 20, 2006	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	PURCHASER:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	VINTAGE INTERESTS, L.P.,	 	 
	 	 	a Texas limited partnership	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	Vintage Interests GP, LLC,	 	 
	 	 	 	 	a Texas limited liability company,	 	 
	 	 	 	 	its general partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Ernest O. Perry, III	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Ernest O. Perry, III	 	 
	 

	 	 	 	Title:
	 	Managing Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	Date:
	 	October 20, 2006	 	 

Page 16

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