Document:

exv10w43

Exhibit 10.43

AMENDMENT TO

AIRCRAFT SUBLEASE AGREEMENT

     THIS AMENDMENT TO AIRCRAFT SUBLEASE AGREEMENT (this “Amendment”)is entered into
as of the 21st day of February, 2011 to be effective as of January 30, 2011 by and
between Corporate Air, LLC, a Pennsylvania limited liability company with its principal offices at
15 Allegheny County Airport, West Mifflin, Pennsylvania 15122 (“Corporate Air”) and Dick’s
Sporting Goods, Inc., a Delaware corporation with its principal offices at 345 Court Street,
Coraopolis, Pennsylvania 15108 (“Dick’s Sporting Goods”).

     WHEREAS, Corporate Air and Dick’s Sporting Goods entered into an Aircraft Sublease Agreement
on February 13, 2006 (the “Agreement”), with respect to the sublease, operation and
management of a Gulfstream G550 Aircraft, Serial Number 5085, as described in the Agreement;

     NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are
acknowledged by Dick’s Sporting Goods and Corporate Air, the parties hereto intending to be
legally bound hereby, agree as follows:

1. Section 2.01 of the Agreement shall be deleted and replaced in its entirety as follows:

     “2.01 Term. The term of this Agreement shall commence effective as of
February 1, 2006 (the “Commencement Date”) and shall end at 5:00 o’clock p.m.
(Pittsburgh time) on December 31, 2011 (the “Term”).”

2. All other sections and provisions of the Agreement remain in full force and effect and are not
altered or changed by this Amendment. This Amendment may be executed in one or more counterparts.
All defined terms used herein that are not otherwise defined have the meanings ascribed to them in
the Agreement.

[Signatures on Following Page]

 

 

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

	 	 	 	 	 	 	 

	WITNESS:	 	 	 	CORPORATE AIR, LLC
	 
	 	 	 	 	 	 
	/s/ [illegible]

	 	 	 	By:
	 	/s/ Philip B. Ehrman
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Philip B. Ehrman
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	Vice President
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	WITNESS:	 	 	 	DICK’S SPORTING GOODS, INC.
	 
	 	 	 	 	 	 
	/s/ Marnie Schock

	 	 	 	By:
	 	/s/ Timothy E. Kullman
	 

	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Timothy E. Kullman
	 

	 	 	 	 	 	 
	 

	 	 	 	Title:
	 	EVP and CFOexv10w11

Exhibit 10.11

February 1, 2011

Famous Dave’s of America, Inc.

D&D of Minnesota, Inc.

Lake & Hennepin BBQ and Blues, Inc.

Famous Dave’s Ribs, Inc.

Famous Dave’s Ribs-U, Inc.

Famous Dave’s Ribs of Maryland, Inc.

c/o Famous Dave’s of America, Inc.

12701 Whitewater Drive, Suite 200

Minnetonka, Minnesota 55343

Attention: Diana G. Purcel

Telephone: (952) 294-1300

Facsimile: (952) 294-1310

Re: Loan Nos.: 04 2508 01 and 93-0909703; Amendment

Ladies and Gentlemen:

     Reference is hereby made to that certain Second Amended and Restated Credit Agreement (the
“Credit Agreement”), dated as of March 4, 2010, by and among FAMOUS DAVE’S OF AMERICA,
INC., a Minnesota corporation (“Famous Dave’s”), D&D OF MINNESOTA, INC., a Minnesota
corporation (“D&D”), LAKE & HENNEPIN BBQ AND BLUES, INC., a Minnesota corporation
(“Lake & Hennepin”), FAMOUS DAVE’S RIBS, INC., a Minnesota corporation (“Dave’s
Ribs”), FAMOUS DAVE’S RIBS-U, INC., a Minnesota corporation (“Ribs-U”) and FAMOUS
DAVE’S RIBS OF MARYLAND, INC., a Minnesota corporation (“Ribs of Maryland” and, together
with Famous Dave’s, D&D, Lake & Hennepin, Dave’s Ribs and Ribs-U, collectively, the
“Borrowers” and each individually, a “Borrower”), the lenders from time to time
party thereto (the “Lenders”), and Wells Fargo Bank, National Association, as
Administrative Agent and L/C Issuer (in its capacity as Administrative Agent, together with its
successors and assigns in such capacity, the “Administrative Agent”). Capitalized terms
used and not otherwise defined herein shall have the meanings ascribed to such terms in the Credit
Agreement.

     Borrowers have requested that the Credit Agreement be amended (the “Requested
Amendment”) effective as of the third fiscal quarter of 2010 by amending and restating the
definitions of Growth Capital Expenditures and Maintenance Capital Expenditures as follows:

 

 

Famous Dave’s of America, Inc., et. al.

February 1, 2011

Page 2

     “Growth Capital Expenditures” means Capital Expenditures related to
(a) the construction, acquisition or opening of new Restaurants, (b) the remodeling
or renovation of any existing Restaurants, (c) point of sale upgrade initiatives at
existing Restaurants, (d) store relocations and (e) other growth initiatives.

     “Maintenance Capital Expenditures” means Capital Expenditures that are
not Growth Capital Expenditures. For the avoidance of doubt, Maintenance Capital
Expenditures shall include investments in accounting systems.

     Borrowers are hereby notified that (subject to all of the terms and conditions set forth in
this letter) Administrative Agent and Lenders hereby agree to the Requested Amendment; provided,
however, that in no event shall the Requested Amendment set forth herein (a) constitute a waiver of
any Default or Event of Default under the Credit Agreement or the other Loan Documents whether now
existing or hereafter occurring and Administrative Agent and Lenders hereby reserve all rights and
remedies they may have under the Credit Agreement, the other Loan Documents and under applicable
law regarding any such Default or Event of Default, or (b) constitute a waiver of any provision of
the Credit Agreement or the other Loan Documents.

     Borrowers hereby reaffirm the representations, warranties and covenants contained in the
Credit Agreement and the other Loan Documents, and hereby further represent, warrant and certify to
Administrative Agent and each Lender that: (A) the representations and warranties of the Borrowers
contained in Article V of the Credit Agreement or any other Loan Document, or which are contained
in any document furnished at any time under or in connection herewith or therewith, shall be true
and correct on and as of the date hereof and as of the date this letter is executed by Borrowers,
except to the extent that such representations and warranties specifically refer to an earlier
date, in which case they shall be true and correct as of such earlier date, and except that for
purposes hereof, the representations and warranties contained in subsections (a) and (b) of
Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a) and (b), respectively, of Section 6.01 of the Credit
Agreement; (B) no Default or Event of Default shall exist, or would result from the execution of
this letter, the Requested Amendment effected hereunder or the effectiveness hereof or thereof; (C)
there have been no changes to the articles of incorporation, certificates of formation, by-laws or
other formation or organizational documents of any Borrower delivered by Borrowers to
Administrative Agent in connection with the Credit Agreement since the date thereof and the same
are in full force and effect as of the date hereof; (D) each individual executing this letter on
behalf of any Borrower is a duly authorized Responsible Officer thereof authorized to act as such
in connection with this letter and has lawfully caused this letter to be signed and delivered for
and on behalf of such Borrower as of the date hereof; and (E) there has been no event or
circumstance since the date of the Audited Financial Statements that has had or could be reasonably
expected to have, either individually or in the aggregate, a Material Adverse Effect.

     All terms, conditions and provisions of the Credit Agreement (as amended hereby) and the other
Loan Documents are hereby ratified and shall be and remain in full force and effect as

 

 

Famous Dave’s of America, Inc., et. al.

February 1, 2011

Page 3

therein written, and the validity and priority of the liens, security interests and
assignments provided for by the Loan Documents which secure the Obligations shall not be
extinguished, impaired, reduced, released, or adversely affected by the terms of the Requested
Amendment or this letter agreement. Nothing contained herein shall in any way prejudice, impair or
affect any rights of Administrative Agent or Lenders under the Credit Agreement and the other Loan
Documents.

     In no event shall Administrative Agent or Lenders have any obligation to agree to any similar
or other additional amendment in the future.

     The Requested Amendment provided herein shall become effective upon Administrative Agent’s
receipt of a facsimile counterpart of this letter, duly executed by Borrowers. Within ten (10)
days of demand by Administrative Agent or any Lender, Borrowers shall reimburse Administrative
Agent and each Lender for any and all costs and expenses (including, without limitation, attorneys
fees) incurred by Administrative Agent or any such Lender in connection with this letter and the
Requested Amendment and Borrowers’ failure to pay such amount within such period shall constitute
an Event of Default under the Credit Agreement.

     This letter may be executed in any number of counterparts, which shall together constitute but
one and the same agreement. This letter shall constitute one of the Loan Documents. THIS LETTER
SHALL FOR ALL PURPOSES BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE
STATE OF NEW YORK.

     If you have any questions regarding this matter, please contact Henry Li at (760) 918-2783.

	 	 	 	 	 	 	 

	 	 	Very truly yours,	 	 
	 
	 	 	 	 	 	 
	 	 	WELLS FARGO BANK, NATIONAL	 	 
	 	 	ASSOCIATION, as Administrative Agent, L/C	 	 
	 	 	Issuer and Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Stephen Leon
 

Stephen Leon
	 	 
	 

	 	Title:
	 	Managing Director	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Maureen S. Malphus
 

Maureen S. Malphus
	 	 
	 

	 	Title:
	 	Vice President	 	 

[Additional Signature Pages Follow]

 

 

Famous Dave’s of America, Inc., et. al.

February 1, 2011

Page 4

	 	 	 	 	 	 	 

	 	 	ACKNOWLEDGED AND AGREED:	 	 
	 
	 	 	 	 	 	 
	 	 	BORROWERS:	 	 
	 
	 	 	 	 	 	 
	 	 	FAMOUS DAVE’S OF AMERICA, INC.,	 	 
	 	 	a Minnesota corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Diana Purcel
 

Diana Purcel
	 	 
	 

	 	Title:
	 	Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	D&D OF MINNESOTA, INC.,	 	 
	 	 	a Minnesota corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Diana Purcel
 

Diana Purcel
	 	 
	 

	 	Title:
	 	Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	LAKE & HENNEPIN BBQ AND BLUES, INC.,	 	 
	 	 	a Minnesota corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Diana Purcel
 

Diana Purcel
	 	 
	 

	 	Title:
	 	Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FAMOUS DAVE’S RIBS, INC.,	 	 
	 	 	a Minnesota corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Diana Purcel
 

Diana Purcel
	 	 
	 

	 	Title:
	 	Chief Financial Officer	 	 

[Additional Signature Pages Follow]

 

 

Famous Dave’s of America, Inc., et. al.

February 1, 2011

Page 5

	 	 	 	 	 	 	 

	 	 	FAMOUS DAVE’S RIBS-U, INC.,	 	 
	 	 	a Minnesota corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Diana Purcel
 

Diana Purcel
	 	 
	 

	 	Title:
	 	Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FAMOUS DAVE’S RIBS OF MARYLAND,	 	 
	 	 	INC., a Minnesota corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Christopher O’Donnell
 

Christopher O’Donnell
	 	 
	 

	 	Title:
	 	President

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