Document:

Exhibit 4.1

Exhibit 4.1

REAL MEX RESTAURANTS, INC.,

EACH OF THE GUARANTORS PARTY HERETO

and

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 

FIRST SUPPLEMENTAL INDENTURE

Dated as of June 28, 2010

to

INDENTURE

Dated as of July 7, 2009

 

 

 

FIRST SUPPLEMENTAL INDENTURE, dated as of June 28, 2010 (this “First Supplemental Indenture”),
among Real Mex Restaurants, Inc., a Delaware corporation (the “Company”), the Guarantors and Wells
Fargo Bank, National Association, as Trustee (the “Trustee”). All capitalized terms not defined
herein shall have the meaning set forth in the Indenture referred to herein.

W I T N E S S E T H:

WHEREAS, the Company and the Guarantors have heretofore executed and delivered to the Trustee
an Indenture (the “Indenture”), dated as of July 7, 2009, providing for the issuance of 14% Senior
Secured Notes due 2013 (the “Notes”);

WHEREAS, Notes in the aggregate principal amount of $130,000,000 have been issued and are
outstanding;

WHEREAS, the Company and the Guarantors desire to amend the Indenture to revise the definition
of “Principal” in Section 1.01 of the Indenture;

WHEREAS, pursuant to Section 9.01 of the Indenture, the Company, the Guarantors and the
Trustee may amend, supplement or otherwise modify the Indenture without the consent of any Holder
of Notes to make any change that would provide any additional rights or benefits to the Holders of
the Notes;

WHEREAS, pursuant to Section 9.02 of the Indenture, with the consent of the Holders of at
least a majority in aggregate principal amount of the Notes outstanding (determined in accordance
with Section 2.09 of the Indenture), the Company and the Trustee may amend, supplement or otherwise
modify the Indenture subject to specified exceptions;

WHEREAS, Section 2.09 of the Indenture provides that, in determining whether the Holders of
the required principal amount of Notes have concurred in any consent, Notes owned by the Company or
any Guarantor, or by any Person directly or indirectly controlling or controlled by or under direct
or indirect common control with the Company or any Guarantor, will be considered as though not
outstanding, except that for the purposes of determining whether the Trustee will be protected in
relying on any such consent, only Notes that the Trustee knows are so owned will be so disregarded;

WHEREAS, $13,000,000 in aggregate principal amount of Notes are owned by Persons who directly
or indirectly control or who are under direct or indirect common control with the Company or any
Guarantor, and no Notes are owned by the Company or any Guarantor or any Person controlled by the
Company or any Guarantor;

WHEREAS, pursuant to Sections 9.01 and 9.02 of the Indenture, upon the request of the Company
accompanied by a resolution of its Board of Directors authorizing the execution of any such amended
or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the
Trustee of the consent of the Holders of Notes, and upon receipt by the Trustee of the documents
described in Section 7.02 of the Indenture, the Trustee will join with the Company and the
Guarantors in the execution of such amended or supplemental indenture unless such amended or
supplemental indenture affects the Trustee’s own rights, duties or immunities
under the Indenture or otherwise, in which case the Trustee may in its discretion, but will
not be obligated to, enter into such amended or supplemental indenture;

 

2

 

WHEREAS, the Company has delivered such request and resolution to the Trustee, together with
the documents described in Section 7.02 of the Indenture and required by Sections 9.06 and 13.04 of
the Indenture, i.e., an Officers’ Certificate of the Company and an Opinion of Counsel complying
with such sections; and

WHEREAS, Holders of $95,377,000 aggregate principal amount of Notes considered outstanding
under Section 2.09 of the Indenture, constituting a majority in aggregate principal amount of the
Notes so considered outstanding, have validly delivered their consents pursuant to the Consent
Letter relating to the Consent Solicitation described in the Consent Solicitation Statement, dated
June 15, 2010, thereby consenting to the amendment to the Indenture contained in this First
Supplemental Indenture;

NOW, THEREFORE, for and in consideration of the premises, the parties agree as follows:

ARTICLE 1

AMENDMENT TO THE INDENTURE

SECTION 1.1. Definition of Principal. Effective as of the date hereof, pursuant to Section
9.02 of the Indenture, the definition of the term “Principal” in Section 1.01 of the Indenture is
amended and restated in its entirety to read as follows:

“Principal” means (i) Farallon Capital Management, LLC, (ii) Kohlberg Kravis Roberts & Co.,
(iii) Sun Capital Partners, Inc. and (iv) any investment vehicle that is managed (whether
through ownership of securities having a majority of the voting power or through management
of investments) by any of the Persons listed in clause (i), (ii) or (iii) or an Affiliate of
any of the persons listed in clause (i), (ii) or (iii), but excluding any portfolio
companies of any Person listed in clauses (i), (ii), (iii) or (iv).

SECTION 1.2. Additional Covenant. Effective as of the date hereof, pursuant to Section 9.01
of the Indenture, Article 4 of the Indenture is amended to add the following new Section 4.24:

Section 4.24 Additional Premium Payable in Certain Redemptions.

If the Company optionally redeems any Notes pursuant to Section 3.07 hereof during the
period between and including July 1, 2011 and June 30, 2012, the Company shall pay to each
Holder of Notes so redeemed an additional premium equal to 2% of the aggregate principal
amount of the Notes of such Holder that are so redeemed. Payment of such additional premium
shall be made at the same time and in the same manner as the payment of the redemption price
for such Notes.

 

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ARTICLE 2

GENERAL PROVISIONS

SECTION 2.1. Incorporation of Indenture. All the provisions of this First Supplemental
Indenture shall be deemed to be incorporated in, and made a part of, the Indenture; and the
Indenture, as supplemented and amended by this First Supplemental Indenture, shall be read, taken
and construed as one and the same instrument.

SECTION 2.2. Successors. All covenants and agreements in this First Supplemental Indenture by
the Company and the Guarantors shall be binding upon and accrue to the benefit of its successors.
All covenants and agreements in this First Supplemental Indenture by the Trustee shall be binding
upon and accrue to the benefit of its successors.

SECTION 2.3. Separability Clause. In case any provision in this First Supplemental Indenture
shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the
remaining provisions shall not in any way be affected or impaired thereby.

SECTION 2.4. Benefits of First Supplemental Indenture. Nothing in this First Supplemental
Indenture, express or implied, shall give to any person, other than the parties hereto and their
successors hereunder and the Holders, any benefit or any legal or equitable right, remedy or claim
under this First Supplemental Indenture.

SECTION 2.5. Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE
USED TO CONSTRUE THIS FIRST SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES
OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE
REQUIRED THEREBY.

SECTION 2.6. Counterparts. This First Supplemental Indenture may be executed in any number of
counterparts, each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same instrument.

SECTION 2.7. Headings. The headings of the Articles and Sections of this First Supplemental
Indenture are inserted for convenience of reference and shall not be deemed to be a part thereof.

SECTION 2.8. The Trustee. The Trustee shall not be responsible in any manner whatsoever for
or in respect of the validity or sufficiency of this First Supplemental Indenture or for or in
respect of the recitals contained herein, all of which recitals are made solely by the Company and
the Guarantors.

 

4

 

IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute
and deliver this First Supplemental Indenture, as of the date first written above.

	 	 	 	 	 
	 	REAL MEX RESTAURANTS, INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	RM RESTAURANT HOLDING CORP.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ACAPULCO MARK CORP.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ACAPULCO RESTAURANT OF DOWNEY, INC.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signature page to First Supplemental Indenture]

 

 

 

	 	 	 	 	 
	 	ACAPULCO RESTAURANT OF MORENO VALLEY, INC.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ACAPULCO RESTAURANT OF VENTURA, INC.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ACAPULCO RESTAURANT OF WESTWOOD, INC.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ACAPULCO RESTAURANTS, INC.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	ALA DESIGN, INC.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signature page to First Supplemental Indenture]

 

 

 

	 	 	 	 	 
	 	CHEVYS RESTAURANTS, LLC,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	CKR ACQUISITION CORP.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EL PASO CANTINA, INC.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EL TORITO FRANCHISING COMPANY,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	EL TORITO RESTAURANTS, INC.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signature page to First Supplemental Indenture]

 

 

 

	 	 	 	 	 
	 	MURRAY PACIFIC,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	REAL MEX FOODS, INC.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	TARV, INC.,

as Guarantor

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signature page to First Supplemental Indenture]Exhibit 10.1

Exhibit 10.1

EXECUTION VERSION

CONSENT AND FIRST AMENDMENT TO CREDIT AGREEMENT

CONSENT AND FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is entered into as of June
28, 2010, among RM RESTAURANT HOLDING CORP., a Delaware corporation (“Holdings”), the lenders from
time to time parties to the Holdings Credit Agreement referred to below (collectively, the
“Lenders”) and WILMINGTON TRUST FSB, as administrative agent (the “Agent”) for the Lenders.

PRELIMINARY STATEMENTS:

WHEREAS, Holdings, the Lenders and the Agent have entered into a credit agreement, dated as of
July 7, 2009 (as amended, restated or otherwise modified from time to time, the “Holdings Credit
Agreement”). Capitalized terms not otherwise defined in this Amendment have the same meanings as
specified in the Holdings Credit Agreement.

WHEREAS, Real Mex Restaurants, Inc. (the “Real Mex”), a wholly owned subsidiary of Holdings,
issued 14% Senior Secured Notes due 2013 pursuant to that certain Indenture, dated as of July 7,
2009 (the “Indenture”), among Real Mex, Holdings, the other guarantors parties thereto, and Wells
Fargo Bank, National Association, as Trustee.

WHEREAS, pursuant to the Securities and Loan Transfer Agreement, dated as of May 12, 2010 (the
“Transfer Agreement”), among Cocina Funding Corp., L.L.C. (“Cocina”) and Sun Cantinas, LLC (“Sun”),
Cocina intends to sell, and Sun intends to purchase, a portion of the Term Loans and the equity of
Holdings held by Cocina on the terms and conditions stated in the Transfer Agreement (the “Sale”).

WHEREAS, in connection with the Sale, Real Mex intends to amend the Indenture on the terms and
conditions described in the First Supplemental Indenture, substantially in the form attached hereto
as Exhibit A (the “Indenture Amendment”, and together with the Sale, the “Transaction”).

WHEREAS, in connection with the Transaction, Holdings and the Lenders have requested certain
consents under, and modifications to, the Holdings Credit Agreement as hereinafter set forth.

NOW, THEREFORE, Holdings, the Lenders and the Agent have agreed to amend the Holdings Credit
Agreement as hereinafter set forth.

SECTION 1. Amendments to Holdings Credit Agreement

The Holdings Credit Agreement is hereby amended as follows:

	 	(a)	 	Section 1.01 of the Credit Agreement is hereby amended by
replacing the definition of “Requisite Lenders” in full to read as follows:

“Requisite Lenders” means (a) Lenders having or holding more than 50% of the sum of
the aggregate Term Loan Exposure of all Lenders and (b) Cocina for so

 

 

 

long as Cocina
holds not less than 15% of the aggregate Term Loan Exposure. For the avoidance of
doubt, for so long as Cocina holds not less than 15% of the
aggregate Term Loan Exposure, any actions requiring the consent of the Requisite
Lenders will not be valid unless Cocina’s consent is obtained. Notwithstanding the
foregoing or anything to the contrary contained in this Agreement, clause (b) of
this definition of Requisite Lenders shall not apply to, and the consent of Cocina
need not be obtained for or in connection with, any action (including, without
limitation, any request, notice or election) permitted to be taken or any
determination permitted to be made by the Requisite Lenders under Section 7 hereof,
other than granting any waiver thereunder that would prevent the acceleration of the
indebtedness incurred hereunder. For the avoidance of doubt, the Requisite Lenders
shall mean only Lenders having or holding more than 50% of the sum of the aggregate
Term Loan Exposure of all Lenders and need not include Cocina in order to provide
any consent, take any action (including, without limitation, any request, notice or
election) or make any determination referred to in the immediately preceding
sentence, but the Requisite Lenders shall and must include Cocina in order to grant
any waiver thereunder that would prevent the acceleration of the indebtedness
incurred hereunder.

	 	(b)	 	Clause (ii) of the paragraph immediately following Section 7.11
of the Credit Agreement is hereby deleted in its entirety and replaced in full
to read as follows:

(ii) upon the occurrence and during the continuation of any other Event of Default,
the Administrative Agent may, and upon the request of either (A) the Requisite
Lenders or (B) Cocina (for so long as Cocina holds not less than 15% of the
aggregate Term Loan Exposure) shall, declare all or any portion of the amounts
described in clauses (a) and (b) above to be, and the same shall forthwith become,
immediately due and payable, and the Administrative Agent and the Lenders shall have
the right to take any and all actions and exercise any and all remedies available to
a secured party under the Loan Documents or applicable law or in equity.

SECTION 2. Consent. Each of the Lenders and the Agent hereby consents to each element of and the consummation
of the Transaction, and waives any breach that may arise under the Holdings Credit Agreement as a
result thereof and any remedy therefor. Each of the Lenders and the Agent acknowledges that Sun,
Cocina and Holdings will rely on this consent and waiver.

SECTION 3. Reference to and Effect on the Holdings Credit Agreement. (a) On and after the effectiveness of this Amendment, each reference in the Holdings Credit
Agreement to “this Agreement”, “hereunder, “hereof” or words of like import referring to the
Holdings Credit Agreement, and each reference in each of the other Loan Documents to “the Credit
Agreement”, “thereunder”, “thereof” or words of like import referring to the Holdings Credit
Agreement thereto, shall mean and be a reference to the Holdings Credit Agreement, as amended by
this Amendment.

 

2

 

	 	(a)	 	The Holdings Credit Agreement, as specifically amended by this
Amendment, is and shall continue to be in full force and effect and is hereby
in all respects ratified and confirmed.

	 	(b)	 	The execution, delivery and effectiveness of this Amendment
shall not, except as expressly provided herein, operate as a waiver of any
right, power or remedy of any Lender or the Agent under any of the Loan
Documents, nor constitute a waiver of any provision of any of the Loan
Documents.

SECTION 4. Conditions to Effectiveness. This Agreement shall become effective as of the date the Agent receives copies of this
Agreement, duly executed by Holdings and each Lender.

SECTION 5. Costs, Expenses. Holdings agrees to pay on demand all reasonable and documented costs and expenses of the
Agent (including counsel to the Agent) and the Lenders in connection with the preparation,
execution, delivery and administration, modification of this Amendment and the other instruments
and documents to be delivered hereunder.

SECTION 6. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute but one and the same agreement. Delivery of an
executed counterpart of a signature page to this Amendment by telecopier or other electronic
delivery (e.g. “PDF’) shall be effective as delivery of a manually executed counterpart of this
Amendment.

SECTION 7. Loan Document. This Agreement shall be a Loan Document for all purposes.

SECTION 8. Entirety. This Agreement and the other Loan Documents embody the entire agreement between the parties
and supersede all prior agreements and understandings, if any, relating to the subject matter
hereof. This Agreement, together with the other Loan Documents represent the final agreement
between the parties and may not be contradicted by evidence of prior, contemporaneous or subsequent
oral agreements of the parties. There are no oral agreements between the parties. In the event
there is a conflict between this Agreement and the other Loan Documents, this Agreement shall
control.

SECTION 9. Severability. In case any provision in or obligation hereunder shall be invalid, illegal or unenforceable in
any jurisdiction, the validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be
affected or impaired thereby.

SECTION 10. Governing Law. The amendments to the Holdings Credit Agreement effected pursuant to this Amendment shall be
governed by, and construed in accordance with the laws of the State of New York.

[Remainder of Page Intentionally Left Blank]

 

3

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written.

	 	 	 	 	 
	 	WILMINGTON TRUST FSB, as Administrative Agent

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	RM RESTAURANT HOLDING CORP.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	COCINA FUNDING CORP., L.L.C., as Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	SUN CANTINAS, LLC, as Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[Signature Page to Consent and First Amendment]

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