Document:

EX-10.2

 Exhibit 10.2 
 SIDE AGREEMENT 
 This SIDE AGREEMENT (this “Agreement”) is made as of
August 12, 2013, by and among HUAYU Automotive Systems Company Limited (“HASCO”), VIHI, LLC, a Delaware limited liability company having its place of business along with its management and control at Aszalvolgyi ut 9-11, 8000
Szekesfehervar, Hungary (“Visteon”) and Yanfeng Visteon Automotive Trim Systems Co., Ltd. (“YFV”). Capitalized terms used and not otherwise defined herein have the meanings given to them in the Master Agreement (as
defined below). HASCO and YFV are organized under the laws of the PRC. HASCO, Visteon and YFV are collectively referred to as “Parties” and each as a “Party”. 

WHEREAS, concurrently with the execution hereof, the Parties and Yanfeng Visteon Automotive Electronics Co., Ltd. are entering into a Master Agreement
(the “Master Agreement”); and 
 WHEREAS, under Sections 4.01(c) and 2.01(a) of the Master Agreement, the Parties have agreed
on certain arrangements regarding the payment schedule of the YFV Purchase Price (HASCO to Visteon) and the dividend for the fiscal year ending December 31, 2013 payable by YFV to Visteon (the “2013 Dividend”), and the Parties
intend to enter into an agreement to provide for possible changes to such arrangements. 
 NOW, THEREFORE, in consideration of the foregoing,
the Parties hereby agree as follows: 
  

	1.	The Parties agree that, if for any legal or regulatory reason it is not feasible for YFV to pay the 2013 Dividend after the YFV Closing as contemplated in
Section 4.01(c) of the Master Agreement, the Parties shall replace and substitute the payment schedule of the YFV Purchase Price (HASCO to Visteon) as set forth in Section 2.01(a) of the Master Agreement and distribution
schedule of the 2013 Dividend as set forth in Section 4.01(c) of the Master Agreement with the following: 

  

	 	(1)	New Schedule for Payment of YFV Purchase Price (HASCO to Visteon). Visteon shall sell and transfer to HASCO, and HASCO shall purchase and accept from Visteon,
50% of the outstanding equity of YFV (the “Transferred YFV Equity (Visteon to HASCO)”) for total consideration of US$928.4 million (the “YFV Purchase Price (HASCO to Visteon)”), US$859.4 million of which (the
“Core YFV Purchase Price (HASCO to Visteon)”) shall be payable in cash upon the YFV Closing (as defined in the Master Agreement), free and clear of all Liens and with all rights attaching from the YFV Closing, and US$69.0 million of
which (the “Residual YFV Purchase Price (HASCO to Visteon)”) shall be payable in cash on or prior to March 31, 2014. 

  
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	 	(2)	New Schedule for Distribution of 2013-2014 Dividend. YFV shall declare and distribute dividend for the fiscal year ending December 31, 2013 to Visteon in
immediately available US dollars as follows: 

  

	 	(i)	On or before the YFV Closing (but in no case later than the time when Visteon becomes legally unable to receive distributions from YFV as a result of its transfer of
the Transferred YFV Equity (Visteon to HASCO)), US$69.0 million payable for the first half of 2013, plus  

  

	 	(ii)	On or before the YFV Closing (but in no case later than the time when Visteon becomes legally unable to receive distributions from YFV as a result of its transfer of
the Transferred YFV Equity (Visteon to HASCO)), US$9.0 million will be payable for each of the calendar months of October, November and December 2013 prior to the occurrence of YFV Closing (it being understood that such payment is not based on the
actual earnings in these calendar months and can be made out of earnings accrued in any fiscal period prior to the time of the payment), plus 

  

	 	(iii)	On or before the YFV Closing (but in no case later than the time when Visteon becomes legally unable to receive distributions from YFV as a result of its transfer of
the Transferred YFV Equity (Visteon to HASCO)), US$4.5 million will be payable for each subsequent calendar month beginning (and including) January 2014 prior to the occurrence of YFV Closing (it being understood that such payment is not based on
the actual earnings in these calendar months and can be made out of earnings accrued in any fiscal period prior to the time of the payment), 

 provided, however, that, in the case of the preceding clauses (2)(ii) and (iii), (a) if the YFV Closing occurs prior to or on the 21st day of any calendar month (the “Given Month”),
there should be no dividend payable for that Given Month, (b) if the YFV Closing occurs after the 21st day of any Given Month up to and including the 5th day of the following month, half the applicable dividend shall be payable for that Given Month, and (c) if the YFV Closing occurs on the 6th day of the calendar month after any Given Month, then full applicable dividend for that Given Month shall be payable
to Visteon. 
 provided, further however, solely for purposes of this clause 1(2), the YFV Closing shall mean the
date on which HASCO pays the withholding taxes for the YFV Purchase Price (HASCO to Visteon) (“YFV Tax Payment Date”) 

  
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so long as the payment of the Core YFV Purchase Price (HASCO to Visteon) (after tax) is paid to Visteon within ten (10) business days after the YFV Tax Payment Date. For the avoidance of
doubt, if HASCO has not made such payment within ten (10) business days after the YFV Tax Payment Date, the meaning of YFV Closing shall revert back its original meaning under the Master Agreement. 

 

	2.	The Parties agree to execute and deliver, or cause their controlled Affiliates to execute and deliver, all such documents and instruments and shall take, or cause to be
taken, all such further or other actions as may be reasonably necessary or desirable to reflect and effectuate the arrangements contemplated by this Agreement, including without limitation, amending the equity transfer agreement for the Transferred
YFV Equity (Visteon to HASCO) entered into by and between HASCO and Visteon on August 12, 2013, and causing YFV’s directors as respectively appointed by them to pass or revise board resolution(s) of dividend distribution as necessary or
desirable. 

  

	3.	This Agreement and any claim, controversy or dispute arising under or related in any way to this Agreement shall be governed by and construed in accordance with the
Laws of the PRC, without regard to its rules of conflict of laws thereof. 

  

	4.	Unless otherwise provided by Law, any dispute, controversy or claim arising out of, relating to or in connection with this Agreement, including a dispute regarding the
existence, validity, formation, effect, interpretation, performance or termination of this Agreement, shall be referred to and finally settled by arbitration. The arbitration shall be administered by the Singapore International Arbitration Centre
(the “SIAC”) in accordance with its arbitration rules as then in force (the “SIAC Rules”) when the Notice of Arbitration is submitted in accordance with the SIAC Rules, which Rules are deemed to be incorporated by
reference into this clause. The place of arbitration shall be Singapore. The number of arbitrators shall be three, whose appointment shall be in accordance with the SIAC Rules. Any award rendered by the arbitration tribunal shall be final and
binding upon each party hereto and thereto, and judgment upon any award may be entered and enforced in any court having jurisdiction. 

  

	5.	This Agreement, all subsequent amendments or supplements hereto, and all dispute resolution pertaining hereto, shall be in both the Chinese and English languages. Both
language versions shall have equal effect. 

 [Remainder of Page Intentionally Left Blank] 

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

  

			
	VIHI, LLC
		
	By:	 	 /s/ Michael K. Sharnas

		
	Name:	 	Michael K. Sharnas
		
	Title:	 	Vice President
	
	HUAYU AUTOMOTIVE SYSTEMS COMPANY LIMITED
		
	By:	 	 /s/ Zhang Haitao

		
	Name:	 	Zhang Haitao
		
	Title:	 	General Manager
	
	YANFENG VISTEON AUTOMOTIVE TRIM SYSTEMS CO., LTD.
		
	By:	 	 /s/ Shen Jianhua

		
	Name:	 	Shen Jianhua
		
	Title:	 	Chairman of the Board of Directors

  
 [Signature Page of Side
Agreement]EX-10.1

 Exhibit 10.1 
 SECOND AMENDED AND RESTATED SEVERANCE AGREEMENT 
 This Second Amended and Restated
Severance Agreement (“Agreement”) is made as of August 12, 2013 (the “Effective Date”) between Christopher O’Donnell (“Executive”) and Famous Dave’s of America, Inc., a Minnesota
corporation (the “Company”), collectively referred to as the “Parties.” 
 A. The Company and
Executive have previously entered into an Amended and Restated Severance Agreement dated as of December 19, 2008 (as amended, the “Original Agreement”); and 

B. The parties desire to amend and restate the terms of the Original Agreement pursuant to this Agreement. 

Executive and the Company hereby agree as follows: 
 1. Employment. Executive is employed by the Company on an at-will basis meaning that either party may terminate the relationship at any time, for any lawful reason. 

2. Termination of Employment. 
 a. Termination for Cause. The Company may terminate the employment of Executive at any time for Cause (such termination being herein called “a Termination for Cause”). For the
purposes of this Agreement, “Cause” will include the following: 
 i. Executive’s dishonesty
involving or affecting the Company, or any misappropriation of the funds or property of the Company; 
 ii.
Executive’s conviction of a crime that constitutes (1) a felony, (2) a misdemeanor involving moral turpitude or (3) criminal conduct which has, or could reasonably be expected to have, an adverse effect on the Company, its
business, reputation or interests; 
 iii. Breach of any written agreement between Executive and the Company or
to which the Company and Executive are Parties, or a breach by Executive of any fiduciary duty or responsibility to the Company; 
 iv. The refusal of Executive to follow the reasonably assigned duties or comply with the policies and directives of the Company if not cured within thirty (30) days following written notice by the
Company; 
 v. The misconduct, failure or negligence of Executive in the performance of his duties if not cured
within thirty (30) days following written notice by the Company; or 
 vi. Use of alcohol or drugs which
interferes with the performance of Executive’s obligations or duties under this Agreement; or any use of illegal drugs. 
 b. Termination Without Cause. The Company may terminate Executive’s employment for any legal reason at any time, without notice (“Termination without Cause”). 

 3. Effect of Termination. 

a. Termination by the Company Without Cause. If Executive’s employment is terminated without Cause by the
Company (including during any Election Period following a Change of Control (as each such term is defined below), Executive will be entitled to receive severance pay (“Severance”) in an amount equal to Four Hundred Thousand Dollars
($400,000). Severance will be paid out over the eighteen (18) month period commencing 60 days following Executive’s “separation from service” (as defined under Section 409A of the Internal Revenue Code of 1986, as amended,
and the Treasury regulations promulgated thereunder (“Code Section 409A”)) in accordance with the Company’s regular payroll; provided, however, that any Severance amounts under this Section 3(a) that will not
have been paid on or prior to the Outside Separation Payment Date (as defined below) shall be paid in full no later than the Outside Separation Payment Date. If Executive commences employment or receives an offer of employment during the period in
which severance payments are made, Executive has an affirmative obligation to inform the Company and the Severance payments from the Company will immediately cease effective on the date of his first day of reemployment. For purposes of this
Section 3(a), the “Outside Separation Payment Date” shall mean the last calendar day of the second calendar year after the year in which termination of employment under this Section 3(a) occurs. Payment of Severance under
this Section 3(a) is intended to qualify for the separation pay plan exemption from the definition of deferred compensation under Code Section 409A. 
 b. Termination by the Company for Cause. Upon the termination of Executive’s employment pursuant to a Termination for Cause, Executive will be entitled to receive only Executive’s
annualized base salary (pro rata) through the date of Executive’s termination. If Executive is terminated for Cause, he will not be entitled to any Severance payments (as detailed in Section 3(a) of this Agreement) from the Company.

 c. Voluntary Termination. If the Executive voluntarily terminates Executive’s employment with the
Company, for any reason, Executive will be entitled to receive Executive’s annualized base salary (pro rata) through the date of Executive’s termination. Except as provided in Section 3(e) of this Agreement, if Executive terminates
his employment with the Company, for any reason, Executive will not be entitled to any Severance payments (detailed in Section 3(a) of this Agreement) from the Company. If the Company receives notice from the Executive of his intent to leave
the Company and the Company elects to immediately end the employment relationship, Executive will not be entitled to any Severance payments (as detailed in Section 3(a) of this Agreement) from the Company. 

d. Death or Disability of Executive. If Executive dies or becomes disabled during the term of this Agreement,
Executive will be entitled to receive Executive’s annualized base salary (pro rata) through the date of Executive’s termination. Executive will be considered “disabled” if by reason of any mental, sensory, or physical impairment,
Executive is unable to perform the essential functions of Executive’s duties hereunder with or without reasonable accommodation, or any such accommodations would impose an undue hardship on the Company’s business. If Executive’s
employment is terminated due to death or disability, Executive will not be entitled to any Severance payments (as detailed in Section 3(a) of this Agreement) from the Company. 

e. Change of Control. If Executive is terminated for Cause or voluntarily terminates his employment, in each case
within the Election Period, Executive will be entitled to receive Severance pay in an amount equal to Four Hundred Thousand Dollars ($400,000). Severance will be paid out 

 
over the eighteen (18) month period commencing 60 days following Executive’s “separation from service” (as defined under Code Section 409A) in accordance with the
Company’s regular payroll, and subject to satisfying the conditions set forth in Section 4; provided, however, that any Severance amounts that will not have been paid on or prior to the Outside Change of Control Payment Date (as
defined below) shall be paid in full no later than the Outside Change of Control Payment Date. If Executive commences employment or receives an offer of employment during the period in which Severance payments are made, Executive has an affirmative
obligation to inform the Company and the Severance payments from the Company will immediately cease effective on the date of his first day of reemployment. Payment of Severance under this Section 3(e) is intended to qualify for the short-term
deferral exemption from the definition of deferred compensation under Code Section 409A. 
 f. For purposes
of this Section 3(e): 
 i. “Change of Control” shall mean the occurrence of any of the
following events: (A) any person or group of persons becomes the beneficial owner of thirty-five percent (35%) or more of any equity security of the Company entitled to vote for the election of directors; (B) a majority of the members
of the board of directors of the Company is replaced within the period of less than two (2) years by directors not nominated and approved by the board of directors; or (C) the stockholders of the Company approve an agreement to sell or
otherwise dispose of all or substantially all of the Company’s assets (including a plan of liquidation) or to merge or consolidate with or into another corporation except for a merger whereby the stockholders of the Company prior to the merger
own more than fifty percent (50%) of the equity securities entitled to vote for the election of directors of the surviving corporation immediately following the merger; 

ii. “Election Period” shall mean the period commencing upon a Change of Control and ending on the earlier
of the six (6) month anniversary of such Change of Control or fifteen (15) calendar days prior to the Outside Change of Control Payment Date; and 
 iii. “Outside Change of Control Payment Date” shall mean March 15 of the calendar year following the year in which a Change of Control occurs. 

4. Conditions of Payment. Notwithstanding anything herein to the contrary, any Severance payments described in this Section 3
shall be made available to Executive if and only if Executive has executed and delivered to the Company a general release in form and substance reasonably satisfactory to the Company (the “Release”) within fourteen (14) days
following termination of employment and has not revoked the Release as of the expiration of all applicable revocation periods, and only so long as Executive has not breached the provisions of the Release, has not breached the non-competition
restrictions in any agreements or documents to which Executive is a party, and has not applied for unemployment compensation chargeable to the Company or any affiliates. 
 5. Applicability and Compliance with Code Section 409A. Notwithstanding anything herein to the contrary, (a) if at the time of the Executive’s termination of employment with the
Company the Company’s common stock is publicly traded (as determined under Code Section 409A), (b) the Executive is a “specified employee” (as determined under Code Section 409A), and (c) any portion of the
Severance amounts payable under Section 3 above would exceed the sum of the applicable limited separation pay exclusions as determined pursuant to Code Section 409A, then payment of the excess amount shall be delayed until the first
regular payroll date of the Company following the six month anniversary of the date of Executive’s separation from service (or, if earlier, the date of his death), and shall include a lump sum equal to the aggregate amounts that

 
Executive would have received had payment of this excess Severance amount commenced as provided in Section 3 above. To the extent any provision of this Agreement may be deemed to provide a
benefit to Executive that is treated as non-qualified deferred compensation pursuant to Code Section 409A, such provision shall be interpreted in a manner that qualifies for any applicable exemption from compliance with Code Section 409
or, if such interpretation would cause any reduction of benefit(s), such provision shall be interpreted (if reasonably possible) in a manner that complies with Code Section 409A and does not cause any such reduction. For purposes of Code
Section 409A, each payment made under this Agreement shall be designated as a “separate payment” within the meaning of the Code Section 409A, and to the extent required by Code Section 409A, references herein to
Executive’s “termination of employment” shall refer to the Executive’s “separation from service” (within the meaning of Code Section 409A) with the Company (as defined to include any affiliates required to be taken
into account for that definition of separation from service). 
 6. Prior Agreements. This Agreement contains the entire
understanding of the parties with regard to all matters contained herein. There are no other agreements, conditions or representations, oral or written, expressed or implied relating to such matters. This Agreement supersedes any prior agreements,
including without limitation the Original Agreement, relating to the payment of severance to Executive by the Company. 
 7.
Assignment. This Agreement shall be binding upon, and shall inure to the benefit of, the parties and their respective successors, assigns, heirs and personal representatives and any entity with which the Company may merge or consolidate or to
which the Company may sell substantially all of its assets, provided that this Agreement may not be assigned by Executive. 
 8.
Governing Law. Because (a) Company is a Minnesota company with its principal place of business in Minnesota, (b) many of Company’s significant contracts are governed by Minnesota law, and (c) it is mutually agreed that it
is in the best interests of Company customers, vendors of the Company, and employees that a uniform body of law consistently interpreted be applied to the relationships that Company has with other such persons and entities, this Agreement is deemed
entered into in the State of Minnesota between Company and Executive. The substantive laws of Minnesota and the exclusive jurisdiction and venue of the courts of Minnesota will be applicable hereto on the terms and conditions of this Section.

 9. Section Headings; Gender; Number. The section headings in this Agreement are for convenience only; they form no part
of this Agreement and will not affect its interpretation. Words used herein, regardless of the number and gender specifically used, will be deemed and construed to include any other number, singular or plural, and any other gender, masculine,
feminine or neuter, as the context requires. 
 The Parties have executed this Agreement effective as of the Effective Date.

  

			
	/s/ Christopher O’Donnell
	Christopher O’Donnell
	
	FAMOUS DAVE’S OF AMERICA, INC.
		
	By:	 	/s/ John F. Gilbert III
	 Name:
 Title:
	 	 John F. Gilbert III
 Chief
Executive Officer

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