Document:

Ex-10.36

PROMISSORY
NOTE

	
  $3,800,000.00

  	
   

  	
  September 25, 2006

  
	
   

  	
   

  	
  Boston, Massachusetts

  

 

FOR VALUE RECEIVED, Vinny T’s
Acquisition Corporation, a Delaware corporation (the “Maker”), hereby
unconditionally promises to pay to BUCA, Inc., a Minnesota corporation (the “Holder”),
the principal amount of THREE MILLION EIGHT HUNDRED THOUSAND DOLLARS
($3,800,000.00) (the “Principal Amount”), together with accrued and
unpaid interest thereon (as provided below). 
This Promissory Note is being issued pursuant to that certain Stock
Purchase Agreement by and among the Maker, Bertucci’s Corporation (the “Parent”),
the Holder and BUCA Restaurants 3, Inc. (the “Company”) dated as of
September 25, 2006, as the same may be amended from time to time (the “Stock
Purchase Agreement”).  All
capitalized terms used herein and not otherwise defined shall have the meanings
ascribed to them in the Stock Purchase Agreement.

1.             Interest
Rate.   The Principal Amount outstanding under this
Promissory Note shall accrue interest on each day, from the issuance of this
Promissory Note until all such Principal Amount shall have been paid in full,
at a rate equal to nine percent (9%) per annum; provided, however, that
upon an Event of Default (as defined below) interest shall accrue at a rate
equal to twelve percent (12%) per annum from the date of the occurrence of the
Event of Default until the Event of Default is cured (if it is capable of being
cured).  Interest shall be calculated on
the basis of a 365-day year for the actual number of days elapsed.  Interest shall be paid in accordance with
Section 2 below.

       In no event shall the amount of interest
due or payable under this Promissory Note exceed the maximum rate of interest
allowed by applicable law and, in the event any such payment is inadvertently
paid by the Maker or inadvertently received by the Holder, then such excess sum
shall be credited as a payment of the Principal Amount.  It is the express intent of the parties
hereto that the Maker not pay and the Holder not receive, directly or
indirectly, in any manner whatsoever, interest in excess of that which may be
lawfully paid by the Maker under applicable law.

2.             Payment
and Maturity Date.   All accrued, but unpaid,
interest under this Promissory Note then-outstanding shall be due and payable
on September 25, 2007 and July 15, 2008. 
The outstanding Principal Amount and all accrued, but unpaid, interest shall
be due and payable on the earlier of (the “Maturity Date”): (a) July 15,
2008; (b) the occurrence of an Event of Default; (c) the consummation of a
Change of Control (as defined below); (d) the consummation of an IPO (as
defined below); or (e) the same time as the 103⁄4% Senior Notes due 2008 issued
by Parent are redeemed, repurchased, refinanced or otherwise paid (with regard
to principal owed thereunder).  As used
herein, the term: (i) “Change of Control” means (x) a consolidation or
merger of Parent into or with any other entity or entities (except one in which
the holders of capital stock of Parent immediately prior to such consolidation
or merger hold at least 50% by voting power of the capital stock of the
surviving or resulting entity immediately 

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after such
consolidation or merger), (y) the sale of all or substantially all of the
assets of Parent, or (z) the sale, exchange or transfer by the stockholders of
Parent, in a single transaction or series of related transactions, of capital
stock representing more than 50% of the voting power of the capital stock of
Parent; and (ii) “IPO” means the first underwritten public offering of
Common Stock of Parent for the account of Parent registered under the
Securities Act of 1933, as amended.  Once
repaid, amounts borrowed hereunder may not be reborrowed.  All amounts due under this Promissory Note
may be prepaid, whether by acceleration or otherwise, in whole or in part,
without premium or penalty, at any time. 
The Maker shall make all payments in respect of this Promissory Note by
wire transfer of United States funds in accordance with directions the Holder
may provide from time to time in writing.

3.             Adjustments
to Promissory Note.   Notwithstanding anything in
this Promissory Note to the contrary, the Maker and the Holder acknowledge and
agree that the amounts due under this Promissory Note may be adjusted pursuant
to Sections 2.2 and 9.3(b) of the Stock Purchase Agreement (an “Adjustment”)
and that in the event of an Adjustment which decreases the amounts due under
this Promissory Note, the Maker and the Holder covenant and agree to execute an
amendment to this Promissory Note within 10 days of (as applicable): (i) the
Final Report Date; or (ii) the date upon which any liability requiring a
decrease of the amounts due under this Promissory Note matures in accordance
with Section 9.5 of the Stock Purchase Agreement, such amendment to reflect
that no interest shall accrue (or shall have ever accrued) on the amount of
such decrease.  Any Adjustment in amounts
due on this Promissory Note shall first be made to the Principal Amount then
outstanding (if any) and then to any interest outstanding on the Principal
Amount.  Any such amendments shall be
reasonably satisfactory to the Maker and Holder in form and substance.

4.             Guaranty.   All
amounts due and obligations of the Maker under this Promissory Note have been
guaranteed by the Parent pursuant to that certain Guaranty executed and
delivered by the Parent to the Holder dated as of the date hereof (the “Guaranty”).

5.             Events
of Default; Remedies.

(a)  Events of Default.  Each of the following events shall constitute
an “Event of Default” under this Promissory Note:

(i)                                     failure
of the Maker to comply in any way with the terms, covenants or conditions
contained in this Promissory Note, and such non-compliance is not cured by the
Maker within 30 days after receiving written notice from the Holder demanding
compliance;

(ii)                                  any
material representation or warranty made by the Maker or the Parent in: (A)
this Promissory Note, the Stock Purchase Agreement or the Guaranty shall prove
to have been untrue or incorrect or misleading in any material respect when
made; or (B) any other agreement, document, or instrument executed and
delivered in 

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                                                connection
therewith or in any certificate or report furnished in connection therewith
shall prove to have been untrue or incorrect in any material respect when made,
and the effect of such breach is not cured within 30 days after the Maker
receives written notice from the Holder of such breach;

(iii)                               the
Maker or the Parent shall: (A) voluntarily dissolve, liquidate or terminate
operations or apply for or consent to the appointment of, or the taking of
possession by, a receiver, custodian, trustee or liquidator of the Maker or the
Parent of all or of a substantial part of the Maker’s or the Parent’s assets;
(B) admit in writing its inability, or be generally unable, to pay its debts as
the debts become due; (C) make a general assignment for the benefit of its
creditors; (D) commence a voluntary case under the federal Bankruptcy Code (as
now or hereafter in effect); (E) file a petition seeking to take advantage of
any other law relating to bankruptcy, insolvency, reorganization, winding-up,
or composition or adjustment of debts; or (F) take any corporate action for the
purpose of effecting any of the foregoing;

(iv)                              an
involuntary petition or complaint shall be filed against the Maker or the
Parent seeking bankruptcy relief or reorganization or the appointment of a
receiver, custodian, trustee, intervenor or liquidator of the Maker or the
Parent of all or substantially all of its assets, and such petition or
complaint shall not have been dismissed within ninety (90) days of the filing
thereof; or an order, order for relief, judgment or decree shall be entered by
any court of competent jurisdiction or other competent authority approving or
ordering any of the foregoing actions; or

 (v)                              the
Parent terminates or attempts to terminate the Guaranty or makes any written
statement repudiating or contesting the validity of the Guaranty.

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(b)  Remedies.  Upon the occurrence of an Event of Default,
at the option of the Holder, and without demand or notice of any kind (except
as otherwise provided in this Promissory Note), the Holder may: (i) declare
this Promissory Note immediately due and payable without presentment, demand,
protest or any other action or obligation of the Holder, whereupon all of the
outstanding Principal Amount and all accrued interest and all other obligations
due hereunder shall become immediately due and payable(provided that, upon the
occurrences of an Event of Default specified in Section 5(a)(iii) or (iv), all
of the outstanding Principal Amount and all accrued interest and all other
obligations due hereunder shall automatically become due and payable without
presentment, demand, protest or other action or obligation of the Holder); and
(ii) exercise any and all rights and remedies available to it at law, in equity
or otherwise.

(c)  Costs of Collection.   If the Holder incurs any costs, expenses and/or
attorneys’ fees to enforce this Promissory Note against the Maker and the
Holder is successful in enforcing this Promissory Note against the Maker, the
Maker shall pay all reasonable costs, expenses and attorneys’ fees incurred by
the Holder in the enforcement of this Promissory Note.

6.             Miscellaneous.

(a)  Waivers.

(i)  Trial by Jury.  THE MAKER AND THE HOLDER EACH ACKNOWLEDGE
THAT ANY DISPUTE OR CONTROVERSY BETWEEN THE MAKER AND THE HOLDER WOULD BE BASED
ON DIFFICULT AND COMPLEX ISSUES OF LAW AND FACT.  ACCORDINGLY, THE MAKER AND THE HOLDER HEREBY
WAIVE TRIAL BY JURY IN ANY ACTION OR PROCEEDING THAT MAY BE COMMENCED BY OR
AGAINST THE MAKER OR THE HOLDER ARISING OUT OF THIS PROMISSORY NOTE.

(ii)  Jurisdiction and Venue.  THE MAKER AND THE HOLDER HEREBY AGREE THAT
ANY FEDERAL COURT IN THE STATE OF MINNESOTA OR ANY STATE COURT LOCATED IN
HENNEPIN COUNTY IN THE STATE OF MINNESOTA SHALL HAVE JURISDICTION TO HEAR AND
DETERMINE ANY CLAIMS OR DISPUTES BETWEEN THE MAKER AND THE HOLDER PERTAINING
DIRECTLY OR INDIRECTLY TO THIS PROMISSORY NOTE. 
THE MAKER AND THE HOLDER EXPRESSLY SUBMIT AND CONSENT IN ADVANCE TO SUCH
JURISDICTION IN ANY ACTION OR PROCEEDING COMMENCED IN SUCH COURTS.  FURTHER, THE MAKER AND THE HOLDER HEREBY
WAIVE THE RIGHT TO ASSERT THE DEFENSE OF FORUM NON CONVENIENS AND THE RIGHT TO
CHALLENGE THE VENUE OF ANY COURT PROCEEDING.

THE FOREGOING WAIVERS HAVE BEEN MADE WITH THE ADVICE
OF COUNSEL AND WITH A FULL UNDERSTANDING OF THE LEGAL CONSEQUENCES THEREOF.

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(iii)  Standard Waivers.  Except as otherwise expressly provided
herein, demand, presentment, notice, notice of demand, notice for payment,
protest and notice of dishonor are hereby waived by the Maker.  The Holder shall not be deemed to waive any
of its rights hereunder unless such waiver be in writing and signed by the
Holder.  Any failure on the part of the
Holder at any time to require the performance by the Maker of any of the terms
or provisions hereof, even if known, shall in no way affect the right thereafter
to enforce the same, nor shall any failure of the Holder to insist on strict
compliance with the terms and conditions hereof be taken or held to be a waiver
of any succeeding breach or of the right of the Holder to insist on the strict
compliance with the terms and conditions hereof.

(b)           Amendments.  Subject to the provisions of Section 3 above,
no modification or waiver of any provision of this Promissory Note or consent
to departure therefrom shall be effective unless in writing and signed by the
Maker and the Holder.

(c)           Binding Agreement; Assignment.  The terms and conditions of this Promissory
Note shall inure to the benefit of and be binding upon the respective
successors and permitted assigns of the parties.  This Promissory Note may not be assigned by
any party hereto without the prior written consent of the other party hereto; provided,
however, that the Holder may, without the consent of the Maker: (i)
assign this Promissory Note to any one of its Affiliates; or (ii) collaterally
assign this Promissory Note to Wells Fargo Foothill, Inc. (“WFF”) in connection
with that certain Credit Agreement dated as of November 15, 2004, by and among
BUCA, Inc., each of its subsidiaries that are signatories thereto, the Lenders
that are signatories thereto, and WFF, as the Arranger and the Administrative
Agent, as amended (the “WFF Credit Agreement”), or to any financial institution
which refinances the credit facility evidenced by the WFF Credit Agreement (and
assign the Promissory Note to any such lenders or financial institutions or to
any third party in connection with the enforcement of remedies in respect of
any such collateral assignment).

(d)           Governing Law. This Promissory
Note shall be governed by, and construed in accordance with, the laws of the
State of Minnesota, without regard to the conflicts of law principles thereof.

(e)           Titles and Subtitles.  The titles and subtitles used in this
Promissory Note are used for convenience only and are not to be considered in
construing or interpreting this Promissory Note.

(f)            Notices.  Any notice to be given hereunder shall be in
writing and shall be sent to the Holder or the Maker, as the case may be, as
provided in Section 11.13 of the Stock Purchase Agreement.

(g)           Severability.  It is the desire and intent of the parties
that the provisions of this Promissory Note be enforced to the fullest extent
permissible under applicable law and public policy.  Accordingly, in the event that any provision
of this Promissory Note is held to be invalid, prohibited or unenforceable for
any reason, such provision shall be ineffective, without invalidating the
remaining provisions of this Promissory Note. 
Notwithstanding the foregoing, if 

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such provision could be
more narrowly drawn so as not to be invalid, prohibited or unenforceable, it
shall be so narrowly drawn, without invalidating the remaining provisions of
this Promissory Note.

(h)           Entire Agreement and Conflicts.  This Promissory Note, the Stock Purchase
Agreement and the Guaranty contain the entire agreement between the parties
hereto with respect to the subject matter hereof and supersede all prior
agreements and understandings, oral or written, with respect to such matters.  In the event of any conflict between the
provisions of this Promissory Note, the Stock Purchase Agreement and the
Guaranty, the provisions of this Promissory Note shall govern.

[REMAINDER
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IN WITNESS WHEREOF, the undersigned have executed this
Promissory Note as of the date first written above.

	
  MAKER:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  VINNY T’S ACQUISITION CORPORATION

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By: 

  	
  /s/ Stephen V. Clark

  	
   

  	
   

  
	
   

  	
  Stephen V. Clark

  	
   

  	
   

  
	
   

  	
  President

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  HOLDER:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  BUCA, INC.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Wallace B. Doolin

  	
   

  	
   

  
	
   

  	
  Wallace B. Doolin

  	
   

  	
   

  
	
   

  	
  Chairman, President and Chief Executive OfficerEx-10.37

GUARANTY

This GUARANTY is made as
of the 25th day of September 2006 by Bertucci’s Corporation, a Delaware
corporation (the “Guarantor”), in favor and for the benefit of BUCA,
Inc., a Minnesota corporation (the “Creditor”).

WHEREAS, the Creditor, BUCA
Restaurants 3, Inc. (the “Company”), Vinny T’s Acquisition Corporation
(the “Debtor”) and the Guarantor entered into that certain Stock
Purchase Agreement dated as of September 25, 2006 (the “Stock Purchase
Agreement”) whereby the Debtor will acquire all of the issued and
outstanding capital stock of the Company from the Creditor (the “Transaction”);

WHEREAS, pursuant to the
terms of the Stock Purchase Agreement on the Closing Date (as defined in the
Stock Purchase Agreement), the Debtor will issue to the Creditor a Promissory
Note in the original principal amount of $3,800,000.00 (the “Promissory Note”);

WHEREAS, as a condition
to the consummation of the Transaction, the Creditor has required that the
Guarantor execute and deliver this Guaranty to the Creditor; and

WHEREAS, the Guarantor
desires to see the Transaction consummated and is willing to execute and
deliver this Guaranty to the Creditor.

NOW THEREFORE, in
consideration of the consummation of the Transaction and other good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the Guarantor unconditionally guarantees full and prompt payment
and due performance of all Obligations (as hereafter defined) of the Debtor to
the Creditor, its successors and assigns, as herein provided.

Section 1.              Obligations Guaranteed.

This
Guaranty is a guaranty of the prompt payment and performance of all
indebtedness, liabilities and obligations of the Debtor to the Creditor,
whether absolute or contingent, due or to become due, now existing or hereafter
arising, under the Promissory Note, the Stock Purchase Agreement and any other
document, instrument or agreement now or hereafter entered into supplementary
thereto (the “Obligations”).

Section 2.              Nature of Liability.

The
liability of the Guarantor here­under is direct, unconditional and continuing
until terminated in accordance with Section 10 hereof.  It is a guaranty of payment and performance
and not of collection only, and may be enforced without requiring the Creditor
to resort to any other person or entity (including, without limitation, the
Debtor), right, remedy or collateral.  If
for any reason any Obligation shall not be paid or discharged promptly when
due, the Guarantor will forthwith pay or discharge such Obligation without
regard to any counterclaim, set-off, 

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deduction or defense of any kind which the Debtor or
the Guarantor may have or assert, and without abatement, suspension, deferment
or reduction on account of any occurrence whatsoever, provided however,
that, notwithstanding any other provision of this Guaranty, this third sentence
of Section 2 shall not apply if the Debtor or the Guarantor has a counterclaim,
set-off, deduction or defense in connection with any breach of a
representation, warranty, covenant or agreement of the Creditor under the Stock
Purchase Agreement or any Ancillary Agreement (as defined in the Stock Purchase
Agreement).

Section 3.              Expenses.

If
the Creditor incurs any costs, expenses and/or attorneys’ fees to collect under
or enforce this Guaranty and the Creditor is successful in collecting under or
enforcing this Guaranty, the Guarantor hereby agrees to pay to Creditor, in
addition to the Obligations, all reasonable costs, expenses and attorneys’ fees
at any time paid or incurred by the Creditor in endeavoring to collect under or
enforce this Guaranty, the Obliga­tions or the underlying documents evidencing
the Obligations.

Section
4.              Limitation of Liability.

Notwithstanding anything
in this Guaranty, the Stock Purchase Agreement or the Promissory Note to the
contrary, the maximum liability of the Guarantor hereunder shall be the
Purchase Price (as defined in the Stock Purchase Agreement), plus any
reasonable costs, expenses and/or attorneys’ fees owed under Section 3 of this
Guaranty.

Section 5.              Event of Default.

If
there shall occur an Event of Default (as defined in the Promissory Note), then
all payment Obligations under the Promissory Note shall, at the option of the
Creditor, immediately become due and payable as though such Obligations had matured
by their terms.

Section
6.              Consent.

The
Guarantor agrees to the provisions of any instrument or other writing
evidencing or securing the Obligations. 
The Guarantor hereby expressly consents to the making, from time to
time, and without any notice to the Guarantor, of such extensions, renewals,
modifica­tions, indulgences, postponements, settlements and compromises as the
Creditor and the Debtor may deem proper with respect to any of the Obligations
covered by this Guaranty, including the substitution, exchange, taking or
releasing of any or all security or collateral and surrendering of documents
and releasing of any party liable directly, indirectly or as guarantor, all
without regard to the consideration therefor, and all without notice to the Guarantor.  The enforcement of this Guaranty shall not be
affected by the neglect or failure of the Creditor to take any action with
respect to any security, right, obligation, endorsement or guaranty which it
may at any time hold.

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Section 7.              Waiver of Defenses.

(a)           The
Guarantor waives the following: notice of incurring of indebtedness and
obligations by the Debtor; acceptance of this Guaranty by the Creditor;
presentment and demand for payment; protest, notice of protest and notice of
dishonor or non-payment of any instrument evidencing the Obligations; any right
to require suit against the Debtor or any other party before enforcing this
Guaranty; any right to have security applied before enforcing this Guaranty;
all defenses which might constitute a legal or equitable discharge of a surety
or guarantor (except for the rights of counterclaim, set-off, deduction or
defense explicitly set forth herein); and all other notices and demands
otherwise required by law which the Guarantor may lawfully waive.

(b)           The
obligations of the Guarantor hereunder shall be effective irrespective of the
value, genuineness, validity, irregularity or enforceability of the Obligations
or any instrument or document relating thereto, and irrespective of any present
or future law or order of any government or of any agency thereof purporting to
reduce, amend or otherwise affect any Obligation or vary the terms of payment
thereof, and irrespective of any other circumstance that might affect the
liability or constitute a discharge or defense of a surety or guarantor (except
with regard to the rights of counterclaim, set-off, deduction or defense
explicitly set forth herein), all of which are hereby waived.

Section 8.              Representations of Guarantor.

The
Guarantor represents to the Creditor that after giving effect to this Guaranty
and the transactions contemplated by the agreements evidencing the Obligations
(and after taking into account all recoveries Creditor is likely to realize
from the Debtor on the Debtor’s obligations to Creditor): (a) the aggregate
value of all of the assets and properties of the Guarantor, at a fair
valuation, will be greater than the total amount which the Guarantor is likely
to be actually required to pay on claims concerning the Obligations, including
contingent claims; (b) the Guarantor has (and has no reason to believe that it
will not have) sufficient capital for the conduct of its business; and (c) the
Guarantor does not intend to incur, and does not believe that it has incurred,
debts beyond its ability to pay as they mature.

Section 9.              Subrogation, Reimbursement, Etc.

Subject
to the provisions of the Stock Purchase Agreement, no party liable under this
Guaranty shall be entitled to any rights of subrogation, reimbursement,
indemnity or contribution or recourse to any collateral, or as against any
other party, until the Creditor or any successor to the Creditor’s rights
hereunder shall have been paid or satisfied in full on all Obligations.

Section 10.            Term and Termination.

This Guaranty is a continuing Guaranty which
shall remain effective with respect to the Guarantor until the earlier of: (i)
the date upon which there are no longer any Obligations of the Debtor to the
Creditor and no longer in force any agreements between them which can give rise
to an Obli­gation; and (ii) the date that the Creditor informs the Guarantor in
writing that the Guarantor’s obligations under this Guaranty are released.

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Section 11.            Miscellaneous.

(a)           All
notices under this Guaranty shall be in writing and given pursuant to the terms
of Section 11.13 of the Stock Purchase Agreement.

(b)           This
Guaranty is intended to take effect as an instru­ment under seal and shall
inure to the benefit of the Creditor and its successors and assigns.  It shall not be effect­ed by any change in
the legal form of the Guarantor or the Debtor or the manner of the Guarantor’s
or the Debtor’s doing business, whether by reincorporation, consolidation,
merger, partnership formation, change in membership or otherwise.

(c)  THE GUARANTOR AND THE CREDITOR EACH ACKNOWLEDGE
THAT ANY DISPUTE OR CONTROVERSY BETWEEN THE GUARANTOR AND THE CREDITOR WOULD BE
BASED ON DIFFICULT AND COMPLEX ISSUES OF LAW AND FACT.  ACCORDINGLY, THE GUARANTOR AND THE CREDITOR
HEREBY WAIVE TRIAL BY JURY IN ANY ACTION OR PROCEEDING THAT MAY BE COMMENCED BY
OR AGAINST THE GUARANTOR OR CREDITOR ARISING OUT OF THIS GUARANTY.

(d)           THE
GUARANTOR AND THE CREDITOR HEREBY AGREE THAT ANY FEDERAL COURT IN THE STATE OF
MINNESOTA OR ANY STATE COURT LOCATED IN HENNEPIN COUNTY IN THE STATE OF
MINNESOTA SHALL HAVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES
BETWEEN THE GUARANTOR AND THE CREDITOR PERTAINING DIRECTLY OR INDIRECTLY TO
THIS GUARANTY.  THE GUARANTOR AND THE
CREDITOR EXPRESSLY SUBMIT AND CONSENT IN ADVANCE TO SUCH JURISDICTION IN ANY
ACTION OR PROCEEDING COMMENCED IN SUCH COURTS. 
FURTHER, THE GUARANTOR AND THE CREDITOR HEREBY WAIVE THE RIGHT TO ASSERT
THE DEFENSE OF FORUM NON CONVENIENS AND THE RIGHT TO CHALLENGE THE VENUE OF ANY
COURT PROCEEDING.

(e)           THE WAIVERS IN SECTIONS 11(c) AND 11(d)
ABOVE HAVE BEEN MADE WITH THE ADVICE OF COUNSEL AND WITH A FULL UNDERSTANDING
OF THE LEGAL CONSEQUENCES THEREOF.

(f)            The
Creditor shall not be deemed to waive any of its rights hereunder unless such
waiver be in writing and signed by the Creditor.  Any failure on the part of the Creditor at
any time to require the performance by the Guarantor of any of the terms or
provisions hereof, even if known, shall in no way affect the right thereafter
to enforce the same, nor shall any failure of the Creditor to insist on strict
compliance with the terms and conditions hereof be taken or held to be a waiver
of any succeeding breach or of the right of the Creditor to insist on the
strict compliance with the terms and conditions hereof.

(g)           No modification or waiver of any
provision of this Guaranty or consent to departure therefrom shall be effective
unless in writing and signed by the Guarantor and the Creditor.

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(h)           The terms and conditions of this
Guaranty shall inure to the benefit of and be binding upon the respective
successors and permitted assigns of the parties.  This Guaranty may not be assigned by any
party hereto without the prior written consent of the other party hereto; provided,
however, that the Creditor may, without the consent of the Guarantor:
(i) assign its rights under this Guaranty to any one of its Affiliates (as
defined in the Stock Purchase Agreement); or (ii) collaterally assign its
rights under this Guaranty to Wells Fargo Foothill, Inc. (“WFF”) in connection
with that certain Credit Agreement dated as of November 15, 2004, by and among
BUCA, Inc., each of its subsidiaries that are signatories thereto, the Lenders
that are signatories thereto, and WFF, as the Arranger and the Administrative
Agent, as amended (the “WFF Credit Agreement”), or to any financial institution
which refinances the credit facility evidenced by the WFF Credit Agreement.

(i)            This
Guaranty shall be governed by, and construed in accordance with, the laws of
the State of Minnesota, without regard to the conflicts of law principles
thereof.

(j)            The titles
and subtitles used in this Guaranty are used for convenience only and are not
to be considered in construing or interpreting this Guaranty.

(k)           This
Guaranty may be executed in any number of counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

(l)            It is the
desire and intent of the Guarantor and the Creditor that the provisions of this
Guaranty be enforced to the fullest extent permissible under applicable law and
public policy.  Accordingly, in the event
that any provision of this Guaranty is held to be invalid, prohibited or
unenforceable for any reason, such provision shall be ineffective, without
invalidating the remaining provisions of this Guaranty.  Notwithstanding the foregoing, if such
provision could be more narrowly drawn so as not to be invalid, prohibited or
unenforceable, it shall be so narrowly drawn, without invalidating the
remaining provisions of this Guaranty.

(m)          This Guaranty, the Promissory Note and
the Stock Purchase Agreement contain the entire agreement between the parties
hereto with respect to the subject matter hereof and supersede all prior
agreements and understandings, oral or written, with respect to such matters.  In the event of any conflict between the
provisions of this Guaranty, the Promissory Note and the Stock Purchase
Agreement, the provisions of this Guaranty shall govern.

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IN WITNESS
WHEREOF, the undersigned have executed this Guaranty as of the date first
written above.

	
  

  	
  GUARANTOR:

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  BERTUCCI’S CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By: 

  	
   

  	
  /s/ Stephen V. Clark

  
	
   

  	
   

  	
   

  	
  Stephen V. Clark

  
	
   

  	
   

  	
   

  	
  President

  

 

CREDITOR:

ACKNOWLEDGED AND AGREED:

 

HOLDER:

 

BUCA, INC.

 

	
  By: 

  	
   

  	
  /s/ Wallace B. Doolin

  	
   

  
	
   

  	
   

  	
  Wallace B. Doolin

  	
   

  
	
   

  	
   

  	
  Chairman, President and Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]