Document:

ZiLOG, Inc. 2004 Employee Stock Purchase Plan

 Exhibit 10.33 
  
 ZiLOG, INC. 
 2004 EMPLOYEE STOCK PURCHASE PLAN 
  
 1.
Purpose. The ZiLOG, Inc. 2004 Employee Stock Purchase Plan (the “Plan”) is being established for the benefit of employees of the Company and its Designated Parents/Subsidiaries (as defined below). The Plan is intended to provide
such employees with a convenient opportunity to purchase common stock of the Company (as defined below) through payroll deductions, to enhance such employees’ sense of participation in the success of the Company and to provide an incentive for
continued employment. It is the intention of the Company that the Plan qualify as an “employee stock purchase plan” within the meaning of Section 423 of the Code, and the provisions of the Plan shall be construed in a manner consistent
with the requirements of such section of the Code (as defined below). 
  
 2. Definitions. 
  
 a.
“Administrator” shall mean the Board, or to the extent the Board does not administer the Plan, the Committee. 
  
 b. “Board” shall mean the Board of Directors of the Company. 
  
 c. “Change in Capitalization” means any increase, reduction, or change or exchange of Shares for a
different number or kind of shares or other securities or property by reason of a reclassification, recapitalization, merger, amalgamation, consolidation, reorganization, issuance of warrants or rights, stock dividend, stock split or reverse stock
split, combination or exchange of shares, repurchase of shares, change in corporate structure or otherwise; or any other corporate action, such as declaration of a special dividend, that affects the capitalization of the Company. 
  
 d. “Change in Control” shall mean (i) a dissolution,
liquidation or sale of all or substantially all of the assets of the Company; (ii) the consummation of a merger or consolidation of the Company or any direct or indirect subsidiary of the Company with any other corporation or other entity, other
than a merger or consolidation that results in the voting securities of the Company outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities
of the surviving entity or any parent thereof), in combination with the ownership of any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any subsidiary of the Company, at least 50% of the combined
voting power of the securities of the Company or such surviving entity or any parent thereof outstanding immediately after such merger or consolidation; (iii) from and after the Listing Date, the acquisition by any person, entity or group within the
meaning of Section 13(d) or 14(d) of the Exchange Act, or any comparable successor provisions (excluding any employee benefit plan, or related trust, sponsored or maintained by the Company or any affiliate of the Company) of the beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act, or comparable successor rule) of securities of the Company representing at least fifty percent (50%) of the combined voting power entitled to vote in the election of directors.

  
 e. “Code” shall mean the Internal Revenue
Code of 1986, as amended from time to time. 
  
 f.
“Committee” shall mean the compensation committee or any other committee of members of the Board appointed by the Board to administer the Plan and to perform the functions set forth herein. To the extent necessary or desirable, such
committee shall be composed entirely of individuals who meet the qualifications referred to in Rule 16b-3 under the Exchange Act. 
  
 g. “Company” shall mean ZiLOG, Inc., a corporation organized under the laws of the State of Delaware, or any successor corporation.

  
 h. “Compensation” shall mean the base salary,
wages, commissions, overtime pay, shift premiums and bonuses paid in cash by the Employer to an Employee as reported by the Employer for federal income tax 

  

 
purposes, including an Employee’s portion of compensation deferral contributions pursuant to Section 401(k) of the Code, any amount excludable pursuant
to Section 125 of the Code and/or any non-qualified compensation deferral. 
  
 i. “Designated Parent/Subsidiary” shall mean any Parent or Subsidiary of the Company that has been designated by the Board from time to time in its sole discretion as eligible to participate in the
Plan, which may include corporations that become a Parent or Subsidiary of the Company after the adoption of the Plan. 
  
 j. “Employee” shall mean any employee of the Company or a Designated Parent/Subsidiary, excluding employees whose customary employment is
for less than twenty (20) hours per week. 
  
 k.
“Employer” shall mean, as to any particular Employee, the corporation which employs such Employee. 
  
 l. “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
  
 m. “Exercise Date” shall mean the last business day of each
Purchase Period. 
  
 n. “Fair Market Value” as of
a particular date shall mean the fair market value of a Share as determined by the Administrator in its sole discretion; provided that (i) if the Shares are admitted to trading on a national securities exchange, Fair Market Value of a Share
on any date shall be the closing sale price reported for such Share on such exchange on such date or, if no sale was reported on such date, then the last day on which a sale was reported, (ii) if the Shares are admitted to quotation on the National
Association of Securities Dealers Automated Quotation (“Nasdaq”) System or other comparable quotation system and has been designated as a National Market System (“NMS”) security, Fair Market Value of a Share on any date shall be
the closing sale price reported for such Share on such system on such date or, if no sale was reported on such date, the last date preceding such date on which a sale was reported, or (iii) if the Shares are admitted to quotation on the Nasdaq
System but has not been designated as an NMS security, Fair Market Value of a Share on any date shall be the sale price for such Share on the last sale reported for such date. 
  
 o. “Fiscal” with respect to any period, shall be such period as determined in accordance with the
Company’s accounting calendar. 
  
 p. “Listing
Date” means the first date upon which any security of the Company is listed (or approved for listing) upon notice of issuance on any securities exchange, or designated (or approved for designation) upon notice of issuance as a national
market security on an interdealer quotation system if such securities exchange or interdealer quotation system has been certified in accordance with the provisions of Section 25100(o) of the California Corporate Securities Law of 1968 and any other
State securities law. 
  
 q. “Offering Date”
shall mean the first business day of each Offering Period of the Plan. The Offering Date of an Offering Period is the grant date for the options offered in such Offering Period. 
  
 r. “Offering Period” shall mean a twelve (12) month period with respect to which the right to purchase
Shares may be granted under the Plan, as determined pursuant to Section 5, or such other period as determined by the Administer pursuant to Section 5. 
  
 s. “Parent” shall mean any corporation (other than the Company) in an unbroken chain of corporations ending with the Company if, at the
time of granting an option, each of the corporations other than the Company owns shares possessing 50% or more of the total combined voting power of all classes of shares in one of the other corporations in such chain. 
  
 t. “Plan” shall mean the ZiLOG, Inc. 2004 Employee Stock
Purchase Plan, as amended from time to time. 
  

 u. “Purchase Period” shall mean a three-month period in which payroll deductions may be
made for the purchase of Shares under the Plan, as determined pursuant to Section 5, or such other period as determined by the Administrator pursuant to Section 5. 
  
 v. “Shares” shall mean shares of the common stock, par value $0.01 per share, of the Company. 

 
 w. “Subsidiary” shall mean any corporation (other than
the Company) in an unbroken chain of corporations beginning with the Company if, at the time of granting an option, each of the corporations other than the last corporation in the unbroken chain owns shares possessing fifty percent (50%) or more of
the total combined voting power of all classes of shares in one of the other corporations in such chain. 
  
 3. Eligibility. Subject to the limitations set forth in Section 4 hereof, any Employee is eligible to participate in the Plan and may elect to
participate by satisfying the requirements set forth in Section 6a.  
  
 4. Limitation on Shares to be Purchased. 
  
 a. Notwithstanding any provisions of the Plan to the contrary, no Employee shall be granted an option under the Plan if, immediately after the grant, such Employee (or any other person whose Shares would be attributed
to such Employee pursuant to Section 424(d) of the Code) would own Shares and/or hold outstanding options to purchase Shares possessing five percent (5%) or more of the total combined voting power or value of all classes of Shares of the Company or
of any Subsidiary or Parent of the Company. 
  
 b. Notwithstanding
any provisions of the Plan to the contrary, no Employee shall be entitled to purchase Shares under the Plan at a rate which, when aggregated with his or her rights to purchase Shares under all employee stock purchase plans (as described in Section
423 of the Code) of the Company and any Subsidiary or Parent of the Company, exceeds twenty-five thousand dollars ($25,000) in Fair Market Value of such Shares (determined at the time such option is granted) for any calendar year in which such
option would be outstanding at any time. Any amounts received from an Employee which cannot be used to purchase Shares as a result of this limitation will be returned as soon as practicable to the Employee without interest. 
  
 c. Nothwithstanding any provisions of the Plan to the contrary, no Employee
shall be entitled to purchase more than the Maximum Share Amount (as defined below) on any single Exercise Date. Not less than thirty (30) days prior to the commencement of any Purchase Period, the Administrator may, in its sole discretion, set a
maximum number of Shares which may be purchased by any employee at any single Exercise Date (hereinafter the “Maximum Share Amount”). If a new Maximum Share Amount is set, then all participants must be notified of such Maximum Share Amount
not less than fifteen (15) days prior to the commencement of the next Purchase Period. Once the Maximum Share Amount is set, it shall continue to apply with respect to all succeeding Exercise Dates and Purchase Periods unless revised by the
Administrator as set forth above. 
  
 5. Offering Periods.
Except as provided below, the Plan shall be implemented by four overlapping Offering Periods commencing each fiscal year and the Offering Periods shall consist of the twelve (12) month periods commencing on the first day of each fiscal quarter.
While the Plan is in effect, except as provided below, four Purchase Periods shall commence in each fiscal year and the Purchase Periods shall consist of the three fiscal month periods commencing on the first day of each fiscal quarter.
Notwithstanding the foregoing, the Administrator shall have the sole discretion to determine the commencement date of the first Offering Period following the Effective Date (as defined in Section 20) of the Plan. The Plan shall continue until
terminated in accordance with Section 21 hereof. Notwithstanding the foregoing, subject to Section 21 hereof, the Administrator shall have the power to change the duration and/or the frequency of Offering Periods and/or Purchase Periods with respect
to future offerings and shall use its best efforts to notify Employees of any such change at least fifteen (15) days prior to the scheduled beginning of the first Offering Period to be affected. In no event shall any option granted hereunder be
exercisable more than twenty-seven (27) months from its date of grant. 
  

 6. Participation; Grant of Option on Enrollment; Purchase Price. 
  
 a. Participation in the Plan is wholly voluntary. Each eligible Employee may
elect to become a participant in the Plan with respect to a particular Offering Period, by filing a subscription agreement with his or her Employer authorizing payroll deductions in accordance with Section 7 hereof and filing it with the Company or
the Employer in accordance with the form’s instructions at least ten (10) business days prior to the applicable Offering Date, unless a later time for filing the subscription agreement is set by the Administrator for all eligible Employees with
respect to a given Offering Period. Once an eligible Employee becomes a participant in an Offering Period, he or she will automatically participate in the next Offering Period pursuant to the previously filed authorization, unless the employee
withdraws from the Plan or terminates further participation in an Offering Period as set forth in Section 10. Such participant is not required to file any additional subscription agreement in order to continue participation in the Plan. 

 
 b. Enrollment by an eligible Employee in the Plan with respect to an
Offering Period will constitute the grant (as of the Offering Date) by the Company to such Employee an option to purchase Shares on the Exercise Date up to that number of Shares determined by dividing the amount accumulated in such Employee’s
payroll deduction account during such Purchase Period by the per Share purchase price, which shall be eighty five percent (85%) of the Fair Market Value of a Share on (i) the Offering Date or (ii) the Exercise date, whichever is lesser; provided,
however, that the number of Shares subject to any option granted pursuant to this Plan shall not exceed the limitations provided under Section 4. 
  
 7. Payroll Deductions. 
  
 a. Subject to Section 6a hereof, a participant in the Plan may, in accordance with rules and procedures adopted by the Administrator, authorize a payroll
deduction of any whole percentage from 1 percent to 15 percent of such participant’s Compensation each pay period (the permissible range within such percentages to be determined by the Administrator from time to time), not to exceed $25,000 per
year. A participant may at any time increase or decrease such payroll deduction (including a cessation of payroll deductions), by completing and filing with the Employer a new subscription agreement authorizing a change in payroll deduction rate.
Participants shall be limited to one change in their payroll deduction rate per Offering Period, provided that the Administrator may, in its discretion, limit the number of rate changes by a participant during an Offering Period. A change in rate
shall be effective as of the next payroll period following the date of filing of the new subscription agreement. All payroll deductions made by a participant shall be credited to such participant’s account under the Plan. No interest shall
accrue on the payroll deductions. 
  
 b. A participant may
withdraw from the Plan as provided in Section 10, which will terminate his or her payroll deductions for the Purchase Period in which such withdrawal occurs. Upon withdrawal from the Plan as provided in Section 10, a participant’s payroll
deductions credited to such participant’s account that have not been used to purchase Shares shall be returned to such participant, as provided in Section 10. 
  
 8. Exercise of Option. 
  
 a. Unless a participant withdraws from the Plan as provided in Section 10 hereof, or unless the Administrator otherwise provides, such participant’s
election to purchase Shares shall be exercised automatically on the Exercise Date, and the maximum number of whole Shares subject to such option will be purchased for such participant at the applicable purchase price with the accumulated payroll
deductions in the participant’s account as of the Exercise Date. No fractional Shares may be purchased hereunder. 
  
 b. Any payroll deductions accumulated in a participant’s account following the purchase of Shares on any Exercise Date that are not sufficient to
purchase a full Share shall be retained in the participant’s account for the subsequent Purchase Period, subject to earlier withdrawal by the participant as provided in Section 10 hereof. Any additional amounts remaining in a participant’s
account following the purchase of Shares on any Exercise Date that are equal to, or in excess of, the amount required to purchase at least one full Share shall be returned to 

  

 
the Participant as soon as practicable following the Exercise Date. During a participant’s lifetime, a participant’s option to purchase Shares
hereunder will be exercisable only by the participant. 
  
 c. The
Shares purchased upon exercise of an option hereunder shall be credited to the participant’s account under the Plan as of the Exercise Date and shall be deemed to be transferred to the participant on such date. Except as otherwise provided
herein, the participant shall have all rights of a shareholder with respect to such Shares upon their being credited to the participant’s account. 
  
 9. Delivery of Shares. 
  
 a. As promptly as practicable after the Exercise Date, the Company shall arrange the delivery to each participant of a certificate representing the Shares
purchased upon exercise of his or her option; provided, however, that the Administrator may deliver certificates to a broker or brokers that hold such certificate in a street name for the benefit of each such participant. 
  
 b. Shares to be delivered to a participant under the Plan will be registered
in the name of the participant or, at the election of the participant, in the name of the participant and another person as joint tenants with rights of survivorship or community property. 
  
 10. Withdrawal; Termination of Employment. 
  
 a. A participant may withdraw from an Offering Period under the plan by
giving written notice to the Company at least fifteen (15) days prior to the next occurring Exercise Date. 
  
 b. Upon withdrawal from the Plan, the accumulated payroll deductions credited to such participant’s account shall be paid, without interest, to such
participant as soon as practicable after receipt of such participant’s notice of withdrawal and such participant’s interest in the Plan shall terminate. In the event a participant voluntarily elects to withdraw from the Plan, he or she may
not resume participation in the Plan during the same Purchase Period, but may participate in any Purchase Period under the Plan which commences on a date subsequent to such withdrawal by filing a new authorization for payroll deductions in the same
manner as set forth above for initial participation in the Plan. 
  
 c. Termination of a participant’s employment for any reason, including retirement, death or failure of a participant to remain an eligible Employee, immediately terminates his or her participation in the Plan. In such event, the
payroll deductions credited to such participant’s account that have not been used to purchase Shares shall be returned as soon as practicable to such participant or, in the case of such participant’s death, to the person or persons
entitled thereto under Section 14 hereof, without interest. For purposes of this Section 10, an Employee will not be deemed to have terminated employment or failed to remain in continuous employ of the Company or a Designated Parent/Subsidiary in
the case of sick leave, military leave, or any other leave of absence approved in writing by the Administrator; provided, however, that the leave is for a period of not more than ninety (90) days or reemployment upon the expiration of such leave is
guaranteed by contract or statute. 
  
 11. Interest. No
interest shall accrue on or be payable with respect to the payroll deductions of a participant in the Plan. 
  
 12. Shares. Subject to adjustment as provided in Section 19 hereof, the maximum number of Shares which shall be reserved for purchase by
participants under the Plan shall be two million five hundred thousand (1,250,000) Shares. Such Shares shall be either authorized and unissued Shares or Shares which have been reacquired by the Company. If the total number of Shares to be purchased
on the first day of a Purchase Period by all participants exceeds the number of Shares then available under the Plan, the Administrator shall make a pro rata allocation of the Shares remaining available for option grant in as uniform a manner as is
practicable and as it shall determine to be equitable. In such event, the Administrator shall give written notice to each participant of such reduction of the number of option Shares affected thereby and shall similarly reduce the rate of payroll
deductions, if necessary. 
  

 13. Administration. The Plan shall be administered by the Administrator. The Administrator shall
have full power and authority, subject to the provisions of the Plan and Section 423 of the Code, to promulgate such rules and regulations as it deems necessary for the proper administration of the Plan, to interpret the provisions and supervise the
administration of the Plan, and to take all action in connection therewith or in relation thereto as it deems necessary or advisable. Subject to provisions of the Plan and limitations of Section 423 of the Code, all decisions, determinations and
interpretations of the Administrator shall be final and binding on all participants. Except as otherwise provided by the Administrator, each Employer shall be charged with all expenses incurred in connection with administration of the Plan with
respect to the Employer’s Employees. 
  
 14. Designation
of Beneficiary. 
  
 a. A participant may file with the
Company, on forms supplied by the Company, a written designation of a beneficiary who is to receive any Shares and cash remaining in such participant’s account under the Plan in the event of the participant’s death. 
  
 b. Such designation of beneficiary may be changed by the participant at any
time by written notice to the Company, on forms supplied by the Company. In the event of the death of a participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such participant’s death, the
Company shall deliver such Shares and/or cash to the executor or administrator of the estate of the participant or, if no such executor or administrator has been appointed (to the knowledge of the Company), the Company shall deliver such Shares
and/or cash in accordance with applicable laws of descent and distribution. 
  
 15. Transferability. Neither payroll deductions credited to a participant’s account nor any rights with regard to the exercise of an option or to receive Shares under the Plan may be assigned, transferred,
pledged or otherwise disposed of in any way by the participant (other than by will, the laws of descent and distribution or as provided in Section 14 hereof). Any such attempt at assignment, transfer, pledge or other disposition shall be without
effect. 
  
 16. No Right to Continued Employment. Nothing
in the Plan or in any right granted under the Plan shall confer upon any participant any right to continue in the employ of the Company or any Designated Parent/Subsidiary for any period of specific duration or interfere with or otherwise affect or
restrict in any way the rights of the Company or any Designated Parent/Subsidiary or of the participant to terminate his or her employment at any time and for any reason, with or without cause. The adoption and maintenance of the Plan shall not
constitute a condition of the employment of any Employee. 
  
 17.
Use of Funds. All payroll deductions held by the Company under the Plan may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such funds. 
  
 18. Reports. Individual accounts will be maintained for each
participant in the Plan. Statements of account will be given to participants as soon as practicable following each Offering Period, which statements will set forth the amounts of payroll deductions, the per Share purchase price, the number of Shares
purchased, the aggregate Shares in the participant’s account (or transferred to the participant) and the remaining cash balance (and refunds), if any. 
  
 19. Effect of Change in Capitalization; Change in Control. 
  
 a. In the event of a Change in Capitalization, the Administrator shall conclusively determine the appropriate equitable
adjustments, if any, to be made under the Plan, including without limitation adjustments to the number of Shares which have been authorized for issuance under the Plan but have not yet been placed under option, as well as the price per Share covered
by each option under the Plan which has not yet been exercised. 
  
 b. In the event of a Change in Control of the Company, unless otherwise provided by the Administrator, the Offering Periods shall terminate on such date as determined by the Administrator and payroll deductions on such date shall be used to
purchase the applicable number of Shares. 
  

 20. Effective Date; Term of Plan. 
  
 a. The Plan shall be effective as of the date determined by the Company to be the effective date of the Plan (the
“Effective Date”), subject to the approval of the Plan by the shareholders of the Company within 12 months before or after the date the Plan is adopted by the Board. No purchase of Shares pursuant to the Plan shall occur prior to the date
that shareholder approval is obtained. 
  
 b. The Plan shall
continue from the Effective Date until the earlier to occur of (i) the termination of the Plan by the Board pursuant to Section 21, (ii) the issuance of all Shares reserved for issuance under the Plan, or (iii) ten (10) years from the date the Plan
was originally adopted by the Board. 
  
 21. Amendment,
Suspension and Termination of Plan. The Administrator may at any time amend, suspend or terminate the Plan. Except as provided in Section 19 hereof, no such suspension or termination may adversely affect options previously granted to a
participant without such participant’s consent and no amendment may make any change to any option previously granted that would adversely affect the rights of any participant without the consent of such participant. No amendment shall be
effective unless it receives the requisite approval of the shareholders of the Company if such shareholder approval of such amendment is required to comply with Rule 16b-3 under the Exchange Act or Section 423 of the Code or to comply with any other
applicable law, regulation or stock exchange rule. Upon termination of the Plan, unless the Administrator shall determine otherwise, any assets remaining in the participants’ accounts under the Plan shall be delivered to the respective
participant (or the participant’s legal representative) as soon as practicable. 
  
 22. Notices. All notices or other communications by a participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by the Company
at the location, or by the person, designated by the Company for the receipt thereof. 
  
 23. Regulations and Other Approvals; Governing Law. 
  
 a. This Plan and the rights of all persons claiming hereunder shall be construed and determined in accordance with the laws of the State of Delaware without giving effect to the choice of law principles thereof,
except to the extent that such law is preempted by federal law. 
  
 b. The obligation of the Company to sell or deliver Shares with respect to options granted under the Plan shall be subject to all applicable laws, rules and regulations, including all applicable federal and state securities laws, and the
obtaining of all such approvals by governmental agencies as may be deemed necessary or appropriate by the Administrator. 
  
 c. To the extent applicable hereto, the Plan is intended to comply with Rule 16b-3 under the Exchange Act, and the Administrator shall interpret and
administer the provisions of the Plan in a manner consistent therewith. Any provisions inconsistent with such Rule shall be inoperative and shall not affect the validity of the Plan. 
  
 24. Withholding of Taxes. If the participant makes a disposition, within the meaning of Section 424(c) of the Code
and regulations promulgated thereunder, of any Share or Shares issued to such participant pursuant to such participant’s exercise of an option, and such disposition occurs within the later of the two-year period commencing on the day after the
Offering Date or the one-year period commencing on the day after the Exercise Date, such participant shall, within ten (10) days of such disposition, notify the Company thereof and thereafter immediately deliver to the Company any amount of federal,
state, local or other income taxes and other amounts which the Company informs the participant the Company is required to withhold. 
  
 25. Equal Rights and Privileges. All eligible Employees shall have equal rights and privileges with respect to the Plan so that the Plan qualifies
as an “employee stock purchase plan” within the meaning of Section 423 or any successor provision of the Code and the related regulations. Any provision of the Plan which is inconsistent with Section 423 or any successor provision of the
Code shall, without further act or amendment by the Company or the Administrator, be reformed to comply with the requirements of Section 423. This Section 25 shall take precedence over all other provisions in the Plan.Amendment No. 2 to Revolving Credit and Term Loan Agreement

 Exhibit 10.1 
  
 AMENDMENT NO. 2 
  
 to that certain 
  
 REVOLVING CREDIT AND TERM LOAN AGREEMENT 
 dated as of September 30, 2002

  
 AMENDMENT NO. 2 (this “Amendment”),
dated as of February         , 2004, to the Revolving Credit and Term Loan Agreement, dated as of September 30, 2002 (as amended and in effect from time to time, the “Credit
Agreement”), is by and among (a) BUCA, INC. (the “Borrower”), a Minnesota corporation, (b) BUCA RESTAURANTS, INC., a Minnesota corporation, BUCA RESTAURANTS 2, INC., a Minnesota corporation (as an
original party and as successor by merger to BUCA (Nevada), Inc.), BUCA RESTAURANTS 3, INC., a Minnesota corporation, BUCA INVESTMENTS, INC., a Minnesota corporation, BUCA (KANSAS), INC., a Kansas corporation, BUCA TEXAS
RESTAURANTS, L.P., a Texas limited partnership, and BUCA TEXAS BEVERAGE, INC., a Texas corporation (collectively, the “Guarantors”), (c) FLEET NATIONAL BANK and the other lending institutions listed on Schedule
1 attached thereto (the “Lenders”), (d) FLEET NATIONAL BANK, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders, and (e) SUNTRUST BANK, as syndication
agent. 
  
 WHEREAS, the Borrower has advised the Lenders
and the Administrative Agent that it intends to enter into a private placement transaction whereby it will receive net cash proceeds of at least $17,000,000 in exchange for the issuance of equity interests in the Borrower (collectively, the
“New Equity Transaction”); and 
  
 WHEREAS, the Borrower, the Required Lenders and the Administrative Agent have agreed, on the terms and conditions set forth herein, to amend certain provisions of the Credit Agreement; 
  
 NOW THEREFORE, the parties hereto hereby agree as follows: 

 
 §1. Defined Terms. Capitalized terms which are used
herein without definition and which are defined in the Credit Agreement shall have the same meanings herein as in the Credit Agreement. 
  
 §2. Amendments to the Credit Agreement. 
  
 (a) Definition of Amendment No. 2. Section 1.1 of the Credit Agreement is hereby amended by adding the following new definition in the
proper alphabetical order: 
  

 “Amendment No. 2. Amendment No. 2 to this Credit Agreement, dated as of
February 23, 2004, by and among the Borrower, the Guarantors, the Administrative Agent and certain Lenders party thereto.” 
  
 (b) Definition of Consolidated EBITDA. The definition of “Consolidated EBITDA” in Section 1.1 of the Credit Agreement is hereby
amended by deleting such definition and substituting the following new definition in lieu thereof: 
  
 “Consolidated EBITDA. With respect to the Borrower and its Subsidiaries and any period, (a) Consolidated EBIT for such period,
plus (b) in each case to the extent deducted in calculating such Consolidated EBIT and without duplication, (i) depreciation and amortization for such period, (ii) other noncash charges for such period (other than those resulting in cash
payments in a future period), (iii) pre-opening expenses for any Store for such period, and (iv) any costs and expenses associated with the early termination of Indebtedness for such period in an aggregate amount not to exceed $500,000 over the term
of this Credit Agreement, all as determined in accordance with GAAP.” 
  
 (c) Definition of Reference Period. The definition of “Reference Period” in Section 1.1 of the Credit Agreement is hereby amended by adding the text “; provided that with respect to
(a) the calculation of the Interest Coverage Ratio and Consolidated EBITDA (for the purpose of Section 11.6 of the Credit Agreement) for FQ4 2003 and the calculation of the Fixed Charge Ratio and Consolidated EBITDA (for the purpose of Section 11.6
of the Credit Agreement) for FQ1 2004, the Reference Period in each such case shall be deemed to be such fiscal quarter only, and (b) the calculation of the Fixed Charge Ratio and Consolidated EBITDA (for the purpose of Section 11.6 of the Credit
Agreement) (i) for FQ2 2004, the Reference Period shall be deemed to be the period of two consecutive fiscal quarters ended on the last day of that fiscal quarter, and (ii) for FQ3 2004, the Reference Period shall be deemed to be the period of three
consecutive fiscal quarters ended on the last day of that fiscal quarter” immediately before the period (“.”) in such definition. 
  
 (d) Definition of Term Loan Maturity Date. The definition of “Term Loan Maturity Date” in Section 1.1 of the Credit Agreement is
hereby amended by deleting such definition and substituting the following new definition in lieu thereof: 
  
 “Term Loan Maturity Date. October 11, 2006.” 
  
 (e) Schedule of Installment Payments of Principal of Term Loan. Section 4.3.1 of the Credit Agreement is hereby amended by deleting such
Section in its entirety and substituting the following new Section 4.3.1 in lieu thereof: 
  
 “4.3.1. Schedule of Installment Payments of Principal of Term Loan. The Borrower promises to pay to the Administrative
Agent for the account of the Lenders the principal amount of the Term Loan in fifteen (15) consecutive quarterly payments of (x) with respect to payments for FQ1 2003 through FQ4 2003, $1,250,000, and (y) after giving effect to the New Equity
Transaction (as 

  

 2 

 
defined in Amendment No. 2) and the application of certain Net Cash Equity Issuance Proceeds therefrom among the remaining scheduled installments of the
principal on the Term Loan as provided in Amendment No. 2, with respect to payments for FQ1 2004 through FQ3 2006, $958,333, each such payment to be due and payable on the last day of each fiscal quarter of the Borrower, commencing on March 30,
2003, with a final payment on the Term Loan Maturity Date in an amount equal to the unpaid balance of the Term Loan.” 
  
 (f) Leverage Ratio. Section 11.1 of the Credit Agreement is hereby amended by deleting the table in Section 11.1 and inserting the following
table in lieu thereof: 
  

			
	 Period

	 	Ratio

	 FQ4 2003
	 	2.50:1.00
	 FQ1 2004 through FQ3 2004
	 	2.00:1.00
	 FQ4 2004 and thereafter
	 	1.75:1.00

  
 (g) Interest
Coverage Ratio. Section 11.2 of the Credit Agreement is hereby amended by deleting Section 11.2 in its entirety and inserting the following in lieu thereof: 
  
 “11.2 Interest Coverage Ratio. The Borrower will not permit the Interest Coverage Ratio as at
the end of FQ4 2003 to be less than 0.70:1.00.” 
  
 (h)
Fixed Charge Coverage Ratio. Section 11.3 of the Credit Agreement is hereby amended by deleting the table in Section 11.3 and inserting the following table in lieu thereof: 
  

			
	 Period

	 	Ratio

	 FQ4 2003
	 	1.25:1.00
	 FQ1 2004
	 	1.15:1.00
	 FQ2 2004 through FQ3 2004
	 	1.25:1.00
	 FQ4 2004
	 	1.35:1.00
	 FQ1 2005 and thereafter
	 	1.40:1.00

  
 (i) Capital
Expenditures. Section 11.5.1 of the Credit Agreement is hereby amended by (1) deleting the amount “$27,500,000” in clause (a) of such Section and substituting the amount “$29,000,000” in lieu thereof, (2) deleting the
word “and” appearing immediately before existing clause (c) in such Section, and (3) deleting existing clause (c) in such Section and substituting the text “, (c) in fiscal year 2005, in excess of $17,000,000, (d) in fiscal year 2006,
in excess of $19,000,000 and (e) in fiscal year 2007, in excess of $21,000,000” in lieu thereof immediately before the proviso in such Section. 
  

 3 

 (j) Growth Capital Expenditures. Section 11.5.2 of the Credit Agreement is hereby amended
by deleting Section 11.5.2 in its entirety and substituting the following in lieu thereof: 
  
 “11.5.2. Growth Capital Expenditures. The Borrower will not make, or permit any Subsidiary of the Borrower to make, Growth Capital Expenditures (including the signing of new leases) if the Pro Forma
Leverage Ratio as of the time the Borrower or any Subsidiary of the Borrower commits to incur such Growth Capital Expenditures is greater than or equal to 1.75:1.00, provided that (x) the Borrower will not make, or permit any Subsidiary of
the Borrower to make, Growth Capital Expenditures (other than as set forth in clauses (y) and (z) of this proviso) prior to the receipt by the Lenders of the FQ1 2004 financial statements required to be delivered by the Borrower pursuant Section
9.4, (y) at any time during FQ1 2004 or thereafter, the Borrower or any Subsidiary of the Borrower shall be permitted to sign a new lease in connection with the Store to be located in Long Beach, California, and (z) such Pro Forma Leverage Ratio
restriction shall not prohibit the Borrower from making Growth Capital Expenditures otherwise permitted under §11.5.1 with respect to those Stores listed on Schedule 11.5.2.” 
  
 (k) Minimum Consolidated EBITDA. Section 11.6 of the Credit Agreement is hereby amended by deleting such
Section in its entirety and substituting the following new Section 11.6 in lieu thereof: 
  
 “11.6. Consolidated EBITDA. The Borrower will not permit Consolidated EBITDA for any Reference Period of the Borrower ending
during any fiscal quarter end described in the table set forth below to be less than the amount set forth opposite such fiscal quarter in such table: 
  

				
	 Reference Period Ending

	 	Amount

	 FQ4 2003
	 	$	4,800,000
	 FQ1 2004
	 	$	3,600,000
	 FQ2 2004
	 	$	8,000,000
	 FQ3 2004
	 	$	12,800,000
	 FQ4 2004
	 	$	19,125,000
	 FQ1 2005 though FQ3 2005
	 	$	19,500,000
	 FQ4 2005 through FQ3 2006
	 	$	21,000,000
	 FQ4 2006 and thereafter
	 	$	22,000,000

  
 §3.
Waiver. Subject to satisfaction of the conditions set forth in §4 below, the Required Lenders, the Administrative Agent and the Borrower hereby waive the requirement that the Borrower and the Administrative Agent comply with the
requirements of §§4.3.3 and 4.3.4 of the Credit Agreement with respect to the application of the Net Cash Equity Issuance Proceeds received in connection with the New Equity Transaction to the Term Loan and the Revolving Credit Loans;
provided that an amount 

  

 4 

 equal to $8,500,000 of Net Cash Equity Issuance Proceeds from the New Equity Transaction shall be applied as a permanent
repayment of the Term Loan immediately upon receipt (with the application of such proceeds being $5,000,000 to the final four installments due in respect of the Term Loan as reflected in the amendment to the definition of Term Loan Maturity Date and
the remaining $3,500,000 being applied equally to the remaining scheduled installments of the principal on the Term Loan as reflected in the amendment to §4.3.1 of the Credit Agreement provided herein), and all remaining Net Cash Equity
Issuance Proceeds of the New Equity Transaction shall be simultaneously applied to repay the Revolving Credit Loans, but not to reduce the Total Commitment. Nothing contained in this Amendment shall be construed to imply a willingness on the part of
the Lenders and the Administrative Agent to grant any similar or other future waivers of any of the terms and conditions of the Credit Agreement. 
  
 §4. Conditions to Effectiveness. This Amendment shall become effective upon the satisfaction of the following conditions precedent, all
of the following to be in form and substance satisfactory to the Administrative Agent: 
  
 (a) Delivery of Amendment. The Administrative Agent shall have received a counterpart signature page to this Amendment duly executed and delivered by the Borrower, each of the Guarantors and the Required
Lenders. 
  
 (b) Fees. The Administrative Agent shall have
received payment, for the pro rata account of each Lender which returns an executed counterpart signature page to this Amendment to the Administrative Agent on or prior to 11:00pm (Boston time) on February 23, 2004, an amendment fee equal to 0.25%
of the sum of such Lender’s Commitment and the outstanding principal amount of such Lender’s Term Loan (prior to giving effect to the consummation of the New Equity Transaction). 
  
 (c) New Equity Transaction and Proceeds. The Borrower shall have (1)
consummated the New Equity Transaction on terms and pursuant to material documentation reasonably acceptable to the Administrative Agent and shall have received proceeds therefrom of not less than $17,000,000, and (2) paid to the Administrative
Agent for the respective accounts of the Lenders an amount equal to the Net Cash Equity Issuance Proceeds received in connection with the New Equity Transaction, to be applied to the Term Loan and the Revolving Credit Loans; provided that an
amount equal to $8,500,000 of Net Cash Equity Issuance Proceeds from the New Equity Transaction shall be applied as a permanent repayment of the Term Loan (with the application of such proceeds being $5,000,000 to the final four installments due in
respect of the Term Loan as reflected in the amendment to the definition of Term Loan Maturity Date and the remaining $3,500,000 being applied equally to the remaining scheduled installments of the principal on the Term Loan as reflected in the
amendment to §4.3.1 of the Credit Agreement provided herein), and all remaining Net Cash Equity Issuance Proceeds of the New Equity Transaction shall be simultaneously applied to repay the Revolving Credit Loans, but not to reduce the Total
Commitment. 
  

 -5- 

 §5. Affirmation and Acknowledgment of the Borrower and the Guarantors. 
  
 (a) The Borrower. The Borrower hereby ratifies and confirms all of its
Obligations to the Lenders and the Administrative Agent and the Borrower hereby affirms its absolute and unconditional promise to pay to the Lenders and the Administrative Agent the Loans and all other Obligations under the Credit Agreement, as
amended hereby. 
  
 (b) The Guarantors. Each of the
Guarantors hereby ratifies and confirms all of its Obligations to the Lenders and the Administrative Agent and each of the Guarantors hereby affirms its unconditional and irrevocable guaranty of the Obligations under the Credit Agreement, as amended
hereby. 
  
 §6. Representations and Warranties.
Each of the Guarantors and the Borrower hereby represents and warrants to the Administrative Agent and the Lenders as follows: 
  
 (a) Representation and Warranties. The representations and warranties of each of the Guarantors and the Borrower contained in the Credit Agreement
and the other Loan Documents were true and correct in all material respects as of the date when made and continue to be true and correct in all material respects on the date hereof, except to the extent of changes resulting from transactions
contemplated or permitted by the Credit Agreement and the other Loan Documents and changes occurring in the ordinary course of business that singly or in the aggregate are not materially adverse to the Guarantors and the Borrower, taken as a whole,
or to the extent that such representations and warranties relate expressly to an earlier date. 
  
 (b) Ratification, Etc. Except as expressly amended or waived hereby, the Credit Agreement, and all documents, instruments and agreements related thereto, are hereby ratified and confirmed in all respects and
shall continue in full force and effect. The Credit Agreement shall, together with this Amendment, be read and construed as a single agreement. All references to the Credit Agreement in the Credit Agreement or any related agreement or instrument
shall hereafter refer to the Credit Agreement as amended hereby. 
  
 (c) Authority, Etc. The execution and delivery by each of the Guarantors and the Borrower of this Amendment and the performance by each of the Guarantors and the Borrower of their respective agreements and obligations under the
Credit Agreement as amended hereby are within the corporate or partnership authority of each such Person and have been duly authorized by all necessary corporate or partnership action on the part of such Person. 
  
 (d) Enforceability of Obligations. This Amendment and the Credit
Agreement as amended hereby constitute the legal, valid and binding obligations of each of the Guarantors and the Borrower, enforceable against each such Person in accordance with their terms, except as enforceability is limited by bankruptcy,
insolvency, reorganization, moratorium or other laws relating to, or affecting generally 
  

 -6- 

 the enforcement of, creditors’ rights and by equitable principles. 
  
 (e) No Default. No Default or Event of Default has occurred and is
continuing (except as waived hereby and after giving effect to the amendments contemplated herein), and no Default or Event of Default will exist after execution and delivery of, and after giving effect to, this Amendment. 
  
 §7. Miscellaneous Provisions. (a) Except as otherwise
expressly provided by this Amendment, all of the terms, conditions and provisions of the Credit Agreement shall remain the same. It is declared and agreed by each of the parties hereto that the Credit Agreement, as amended or waived hereby, shall
continue in full force and effect, and that this Amendment and the Credit Agreement shall be read and construed as one instrument. 
  
 (b) THIS AMENDMENT IS INTENDED TO TAKE EFFECT AS AN AGREEMENT UNDER SEAL AND SHALL BE CONSTRUED ACCORDING TO AND GOVERNED BY THE LAWS OF THE COMMONWEALTH
OF MASSACHUSETTS (WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAWS). 
  
 (c) This Amendment may be executed in any number of counterparts, but all such counterparts shall together constitute but one instrument. In making proof of this Amendment it shall not be necessary to produce or account for more than one
counterpart signed by each party hereto by and against which enforcement hereof is sought. Delivery of an executed signature page of this Amendment by facsimile transmission shall be effective as delivery of a manually executed counterpart thereof.

  
 (d) The Borrower hereby agrees to pay to the Administrative
Agent, on demand by the Administrative Agent, all reasonable legal fees and expenses incurred or sustained by the Administrative Agent in connection with the preparation of this Amendment. 
  
 [Remainder of page intentionally left blank] 
  

 -7- 

 IN WITNESS WHEREOF, each of the undersigned has caused this Amendment to be executed as of the date first
written above. 
  

					
	 BUCA, INC., as the Borrower

		
	By:	 	/s/    Greg A. Gadel         
	 	 	

	 	 	Name:	 	Greg A. Gadel
	 	 	Title:	 	Executive Vice President and Chief Financial Officer

  

					
	BUCA RESTAURANTS, INC., as a Guarantor
		
	By:	 	/s/    Greg A. Gadel         
	 	 	

	 	 	Name:	 	Greg A. Gadel
	 	 	Title:	 	Chief Financial Officer

  

					
	BUCA RESTAURANTS 2, INC., as a Guarantor
		
	By:	 	/s/    Greg A. Gadel         
	 	 	

	 	 	Name:	 	Greg A. Gadel
	 	 	Title:	 	Chief Financial Officer

  

					
	BUCA RESTAURANTS 3, INC., as a Guarantor
		
	By:	 	/s/    Greg A. Gadel         
	 	 	

	 	 	Name:	 	Greg A. Gadel
	 	 	Title:	 	Chief Financial Officer

			
	 BUCA INVESTMENTS, INC., as a Guarantor

		
	By:	 	 /s/    Greg A. Gadel        

	 	 	

	 	 	Name: Greg A. Gadel
	 	 	Title: Chief Financial Officer
	
	 BUCA (KANSAS), INC., as a Guarantor

		
	By:	 	 /s/    Greg A. Gadel        

	 	 	

	 	 	Name: Greg A. Gadel
	 	 	Title: Chief Financial Officer
	
	 BUCA TEXAS RESTAURANTS, L.P., as a Guarantor
  
 By: BUCA Restaurants, Inc., its General
Partner

		
	By:	 	 /s/    Greg A. Gadel        

	 	 	

	 	 	Name: Greg A. Gadel
	 	 	Title: Chief Financial Officer

			
	 BUCA TEXAS BEVERAGE, INC., as a Guarantor

		
	By:	 	 /s/    John James Morrison, Jr.        

	 	 	

	 	 	Name: John James Morrison, Jr.
	 	 	Title: President and Secretary

			
	 FLEET NATIONAL BANK, individually and as Administrative Agent

		
	By:	 	 /s/    Alexandra Burke        

	 	 	

	 	 	Name: Alexandra Burke
	 	 	Title: Director

					
	 SUNTRUST BANK, individually and as
 Syndication Agent

		
	By:	 	/s/    Charles J. Johnson        
	 	 	

	 	 	Name:	 	Charles J. Johnson
	 	 	Title:	 	Managing Director

  

					
	 WELLS FARGO BANK, N.A.

		
	By:	 	/s/    Jeffrey H. Morsman        
	 	 	

	 	 	Name:	 	Jeffrey H. Morsman
	 	 	Title:	 	AVP

  

					
	 U.S. BANK, NATIONAL ASSOCIATION

		
	By:	 	/s/    Christopher W. Rupp        
	 	 	

	 	 	Name:	 	Christopher W. Rupp
	 	 	Title:	 	Assistant Vice President

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