Document:

ex10_2.htm

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    

     

    Exhibit
      10.2

     

    

     

    CATERPILLAR
      FINANCIAL ASSET TRUST 2007-A

     

    Class
      A-1 5.67225% Asset Backed Notes

     

    Class
      A-2a 5.40% Asset Backed Notes

     

    Class
      A-2b Floating Rate Asset Backed Notes

     

    Class
      A-3a 5.34% Asset Backed Notes

     

    Class
      A-3b Floating Rate Asset Backed Notes

     

    Class
      B 6.18% Asset Backed Notes

     

     

    ADMINISTRATION
      AGREEMENT

     

    Dated
      as of September 1, 2007

     

     

    

     

    

     

    CATERPILLAR
      FINANCIAL SERVICES CORPORATION

     

    Administrator

     

    

     

    

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ADMINISTRATION
      AGREEMENT, dated as of September 1, 2007 (as amended, modified or supplemented
      from time to time, this "Agreement"), among CATERPILLAR FINANCIAL ASSET TRUST
      2007-A, a Delaware statutory trust (the "Issuing Entity"), CATERPILLAR FINANCIAL
      SERVICES CORPORATION, a Delaware corporation ("CFSC"), as administrator (the
      "Administrator"), CATERPILLAR FINANCIAL FUNDING CORPORATION, a Nevada
      corporation, as depositor (the "Depositor"), and U.S. BANK NATIONAL ASSOCIATION,
      a national banking association, not in its individual capacity but solely as
      trustee (the "Indenture Trustee").

     

     

    W
      I T N E S S E T H :

     

    WHEREAS
      the Issuing Entity is issuing the Class A-1 5.67225% Asset Backed Notes (the
      "Class A-1 Notes"), the Class A-2a 5.40% Asset Backed Notes (the "Class
      A-2a Notes"), the Class A-2b Floating Rate Asset Backed Notes (the "Class A-2b
      Notes" and, together with the Class A-2a Notes, the "Class A-2 Notes"), the
      Class A-3a 5.34% Asset Backed Notes (the "Class A-3a Notes"), the Class A-3b
      Floating Rate Asset Backed Notes (the "Class A-3b Notes" and, together with
      the
      Class A-3a Notes, the "Class A-3 Notes") and the Class B 6.18% Asset Backed
      Notes (the "Class B Notes"; together with the Class A-1 Notes,
      Class A-2 Notes and the Class A-3 Notes, the "Notes") pursuant to the
      Indenture, dated as of September 1, 2007 (as amended, modified or supplemented
      from time to time, the "Indenture"), between the Issuing Entity and the
      Indenture Trustee.

     

    WHEREAS
      the Issuing Entity has entered into certain agreements in connection with the
      issuance of the Notes and of certain beneficial ownership interests in the
      Issuing Entity, including (i) a Sale and Servicing Agreement, dated as of
      September 1, 2007 (as amended, modified or supplemented from time to time,
      the
      "Sale and Servicing Agreement") (capitalized terms used herein and not defined
      herein shall have the meanings assigned such terms in the Sale and Servicing
      Agreement, or if not defined therein, in the Indenture) among the Issuing
      Entity, CFSC, as servicer, and the Depositor, (ii) a Depository Agreement
      dated September 26, 2007 (the "Depository Agreement"), among the Issuing Entity
      and The Depository Trust Company, (iii) the Indenture and (iv) the Interest
      Rate Swap Agreement. The Sale and Servicing Agreement, the Depository Agreement,
      the Indenture and the Interest Rate Swap Agreement are hereinafter referred
      to
      collectively as the "Related Agreements";

     

    WHEREAS
      pursuant to the Related Agreements, the Issuing Entity and the Owner Trustee
      are
      required to perform certain duties in connection with (a) the Notes and the
      collateral therefor granted to the Indenture Trustee pursuant to the Indenture
      (the "Collateral"), (b) the requirements of the Interest Rate Swap Agreement
      and
      (c) the beneficial ownership interests in the Issuing Entity (the holders
      of such interests being referred to herein as the "Owners");

     

    WHEREAS
      the Issuing Entity desires to have the Administrator provide certain
      administrative services to the Issuing Entity and the Owner
      Trustee;

     

    WHEREAS
      the Administrator has the capacity to provide the services required hereby
      and
      is willing to perform such services for the Issuing Entity and the Owner Trustee
      on the terms set forth herein;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    NOW,
      THEREFORE, in consideration of the mutual covenants contained herein, and other
      good and valuable consideration, the receipt and adequacy of which are hereby
      acknowledged, the parties agree as follows:

     

    1.  Duties
      of
      Administrator.  

     

    (a)  Duties
      with Respect to the Related Agreements.  (i) The
      Administrator agrees to cause the Issuing Entity to perform all the duties
      of
      the Issuing Entity and the Owner Trustee under the Depository
      Agreement.  In addition, the Administrator shall consult with the
      Owner Trustee regarding the duties of the Issuing Entity and the Owner Trustee
      under the Related Agreements. The Administrator shall monitor the performance
      of
      the Issuing Entity and shall advise the Owner Trustee when action is necessary
      to comply with the Issuing Entity's or the Owner Trustee's duties under the
      Related Agreements. The Administrator shall prepare for execution by the Issuing
      Entity or the Owner Trustee or shall cause the preparation by other appropriate
      persons of all documents, reports, filings, instruments, certificates and
      opinions as it shall be the duty of the Issuing Entity or the Owner Trustee
      to
      prepare, file or deliver pursuant to any Related Agreement. The Administrator,
      subject to Section 1(c), shall cause the Issuing Entity to take all
      appropriate action that it is the duty of the Issuing Entity or the Owner
      Trustee to take pursuant to the Indenture including, without limitation, the
      following duties or actions under the Indenture (references are to sections
      of
      the Indenture):

     

    (A)  the
      preparation of or obtaining of the documents and instruments required for
      authentication of the Notes, if any, and delivery of the same to the Indenture
      Trustee (Section 2.02);

     

    (B)  causing
      the Note Register to be kept and giving the Indenture Trustee notice of any
      appointment of a new Note Registrar and the location, or change in location,
      of
      the Note Register (Section 2.04);

     

    (C)  the
      notification of Noteholders of the final principal payment on their Notes
      (Section 2.07(b));

     

    (D)  the
      fixing or causing to be fixed of any specified record date and the notification
      of the Indenture Trustee and Noteholders with respect to special payment dates,
      if any (Section 2.07(c));

     

    (E)  the
      preparation, obtaining or filing of the instruments, opinions and certificates
      and other documents required for the release of collateral (Section
      2.09);

     

    (F)  causing
      newly appointed Paying Agents, if any, to deliver to the Indenture Trustee
      the
      instrument specified in the Indenture regarding funds held in trust (Section
      3.03);

     

    (G)  the
      direction to Paying Agents, if any, to pay to the Indenture Trustee all sums
      held in trust by such Paying Agents (Section 3.03);

     

    (H)  the
      obtaining and preservation of the Issuing Entity's qualification to do business
      in each jurisdiction in which such qualification is or shall be necessary to
      protect the validity and enforceability of the Indenture, the Notes, the
      Collateral and each other instrument and agreement included in the Trust Estate
      (Section 3.04);

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (I)  the
      preparation of all supplements, amendments, financing statements, continuation
      statements, if any, instruments of further assurance and other instruments,
      in
      accordance with Section 3.05 of the Indenture, necessary to protect the
      Trust Estate (Section 3.05);

     

    (J)  the
      obtaining of the Opinion of Counsel on the Closing Date and the obtaining of
      annual Opinions of Counsel, in accordance with Section 3.06 of the
      Indenture, as to the Trust Estate, and the obtaining of the annual Officer's
      Certificate and certain other statements, in accordance with Section 3.09
      of the Indenture, as to compliance with the Indenture (Sections 3.06 and
      3.09);

     

    (K)  the
      identification to the Indenture Trustee in an Officer's Certificate of a Person
      with whom the Issuing Entity has contracted to perform its duties under the
      Indenture (Section 3.07(b));

     

    (L)  the
      notification of the Indenture Trustee and the Rating Agencies of a Servicer
      Default pursuant to the Sale and Servicing Agreement and, if such Servicer
      Default arises from the failure of the Servicer to perform any of its duties
      under the Sale and Servicing Agreement, the taking of all reasonable steps
      available to remedy such failure (Section 3.07(d));

     

    (M)  the
      preparation and obtaining of documents and instruments required for the release
      of the Issuing Entity from its obligation under the Indenture
      (Section 3.11(b));

     

    (N)  the
      delivery of notice to the Indenture Trustee and the Rating Agencies of each
      Event of Default and each default by the Servicer or Depositor under the Sale
      and Servicing Agreement (Section 3.19);

     

    (O)  the
      preparation of an Officer's Certificate and the obtaining of the Opinion of
      Counsel and the Independent Certificate relating to satisfaction and discharge
      of the Indenture (Section 4.01);

     

    (P)  the
      compliance with any written directive of the Indenture Trustee with respect
      to
      the sale of the Trust Estate in a commercially reasonable manner if an Event
      of
      Default shall have occurred and be continuing (Section 5.04);

     

    (Q)  the
      preparation and delivery of notice to Noteholders of the removal of the
      Indenture Trustee and the appointment of a successor Indenture Trustee (Section
      6.08);

     

    (R)  the
      preparation of any written instruments required to confirm more fully the
      authority of any co-trustee or separate trustee and any written instruments
      necessary in connection with the resignation or removal of any co-trustee or
      separate trustee (Sections 6.08 and 6.10);

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (S)  (i) in
      the event of any early termination of any Interest Rate Swap Agreement, the
      preparation of written direction and notification of such early termination
      to
      the appropriate parties and (ii) the notification of the Swap Counterparty
      of any proposed amendment or supplement to any Basic Document (Section
      6.14);

     

    (T)  the
      furnishing of the Indenture Trustee with the names and addresses of Noteholders
      during any period when the Indenture Trustee is not the Note Registrar (Section
      7.01);

     

    (U)  the
      preparation and filing with the Commission, any applicable state agencies and
      the Indenture Trustee of documents required to be filed on a periodic basis
      with, and summaries thereof as may be required by rules and regulations
      prescribed by, the Commission and any applicable state agencies and the
      transmission of such summaries, as necessary, to the Noteholders (Section
      7.03);

     

    (V)  the
      opening of one or more accounts, the preparation of Issuer Orders, Officer's
      Certificates and Opinions of Counsel and all other actions necessary with
      respect to investment and reinvestment of funds in the Trust Accounts (Sections
      8.02 and 8.03);

     

    (W)  the
      preparation of an Issuer Request and Officer's Certificate and the obtaining
      of
      an Opinion of Counsel and Independent Certificates, if necessary, for the
      release of the Trust Estate (Sections 8.04 and 8.05);

     

    (X)  the
      preparation of Issuer Orders and the obtaining of Opinions of Counsel with
      respect to the execution of supplemental indentures and the mailing to the
      Noteholders and the Swap Counterparty of notices with respect to such
      supplemental indentures (Sections 9.01, 9.02 and 9.03);

     

    (Y)  the
      preparation of new Notes conforming to any supplemental indenture (Section
      9.06);

     

    (Z)  the
      notification of Noteholders of redemption of the Notes
      (Section 10.02);

     

    (AA)  the
      preparation of all Officer's Certificates, Opinions of Counsel and Independent
      Certificates with respect to any requests by the Issuing Entity to the Indenture
      Trustee to take any action under the Indenture (Section 11.01(a));

     

    (BB)  the
      preparation and delivery of Officer's Certificates and the obtaining of
      Independent Certificates, if necessary, for the release of property from the
      lien of the Indenture (Section 11.01(b));

     

    (CC)  the
      notification of the Rating Agencies, upon the failure of the Indenture Trustee
      to give such notification, of the information required pursuant to Section
      11.04 of the Indenture (Section 11.04);

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (DD)  the
      preparation and delivery to Noteholders and the Indenture Trustee of any
      agreements with respect to alternate payment and notice provisions (Section
      11.06);

     

    (EE)  the
      recording of the Indenture, if applicable (Section 11.15); and

     

    (FF)  causing
      the Servicer to comply with Sections 4.09, 4.10, 4.11,
4.12,4.13 and 5.07 of the Sale and Servicing
      Agreement.

     

    (ii)  The
      Administrator will:

     

    (A)  pay
      the Indenture Trustee from time to time reasonable compensation for all services
      rendered by the Indenture Trustee under the Indenture (which compensation shall
      not be limited by any provision of law in regard to the compensation of a
      trustee of an express trust);

     

    (B)  except
      as otherwise expressly provided in the Indenture, reimburse the Indenture
      Trustee upon its request for all reasonable expenses, disbursements and advances
      incurred or made by the Indenture Trustee in accordance with any provision
      of
      the Indenture (including the reasonable compensation, expenses and disbursements
      of its agents and either in-house counsel or outside counsel, but not both),
      except any such expense, disbursement or advance as may be attributable to
      its
      negligence or bad faith;

     

    (C)  indemnify
      the Indenture Trustee and its agents for, and hold them harmless against, any
      losses, liability or expense incurred without negligence or bad faith on their
      part, arising out of or in connection with the acceptance or administration
      of
      the transactions contemplated by the Indenture, including the reasonable costs
      and expenses of defending themselves against any claim or liability in
      connection with the exercise or performance of any of their powers or duties
      under the Indenture; and

     

    (D)  indemnify
      the Owner Trustee and its agents for, and to hold them harmless against, any
      losses, liability or expense incurred without negligence or bad faith on their
      part, arising out of or in connection with the acceptance or administration
      of
      the transactions contemplated by the Trust Agreement, including the reasonable
      costs and expenses of defending themselves against any claim or liability in
      connection with the exercise or performance of any of their powers or duties
      under the Trust Agreement.

     

    (b)  Additional
      Duties.  (i)  In addition to the duties of the
      Administrator set forth above, but subject to Sections 1(c) and 5, the
      Administrator shall cause the Issuing Entity to perform such calculations and
      to
      prepare for execution by the Issuing Entity or the Owner Trustee, or to cause
      the preparation by other appropriate persons of, all documents, reports,
      filings, instruments, certificates and opinions as it shall be the duty of
      the
      Issuing Entity or the Owner Trustee to prepare, file or deliver pursuant to
      the
      Related Agreements, and at the request of the Owner Trustee shall cause the
      Issuing Entity to take all appropriate action that it is the duty of the Issuing
      Entity or the Owner Trustee to take pursuant to the Related
      Agreements.  Subject to Sections 1(c) and 5 of this
      Agreement, and in accordance with the directions of the Owner Trustee, the
      Administrator shall provide such other services with respect to the Issuing
      Entity as are not covered by any of the foregoing provisions and as are
      expressly requested by the Owner Trustee and are reasonably within the
      capability of the Administrator.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (ii)  Notwithstanding
      anything in this Agreement or the Related Agreements to the contrary, the
      Administrator shall promptly notify the Owner Trustee in the event that any
      withholding tax is imposed on the Issuing Entity's payments (or allocations
      of
      income) to the "Owner" as contemplated in Section 5.02(c) of the Trust
      Agreement. Any such notice shall specify the amount of any withholding tax
      required to be withheld by the Owner Trustee pursuant to such
      provision.

     

    (iii)  The
      Administrator may satisfy its obligations with respect to clause (ii) above
      and
      Section 5.05 of the Trust Agreement by retaining, at the expense of the
      Administrator, a firm of independent public accountants (the "Accountants")
      acceptable to the Owner Trustee which shall perform the obligations of the
      Administrator thereunder.  If the Administrator so elects, in
      connection with paragraph (ii) above, the Accountants will provide prior to
      October 25, 2007 a letter in form and substance satisfactory to the Owner
      Trustee as to whether any tax withholding is then required and, if required,
      the
      procedures to be followed with respect thereto to comply with the requirements
      of the Code.

     

    (iv)  The
      Administrator shall perform the duties of the Administrator specified in
Section 10.02 of the Trust Agreement required to be performed in
      connection with the resignation or removal of the Owner Trustee, and any other
      duties expressly required to be performed by the Administrator under the Trust
      Agreement.

     

    (v)  In
      carrying out the foregoing duties or any of its other obligations under this
      Agreement, the Administrator may enter into transactions with or otherwise
      deal
      with any of its Affiliates; provided, however, that the terms of
      any such transactions or dealings shall be in accordance with any directions
      received from the Issuing Entity and shall be, in the Administrator's opinion,
      no less favorable to the Issuing Entity than would be available from
      unaffiliated parties.

     

    (vi)  The
      Administrator shall cause the Issuing Entity to execute all documents, reports,
      filings, instruments, and certificates as it shall be the duty of the Issuing
      Entity or the Owner Trustee to prepare, file or deliver pursuant to the Basic
      Documents.  In furtherance thereof, the Owner Trustee shall, on behalf
      of itself and of the Issuing Entity, execute and deliver to the Administrator,
      and to each successor Administrator appointed pursuant to the terms hereof,
      one
      or more powers of attorney substantially in the form of Exhibit A hereto,
      appointing the Administrator the attorney-in-fact of the Owner Trustee and
      the
      Issuing Entity for the purpose of executing on behalf of the Owner Trustee
      and
      the Issuing Entity all such documents, reports, filings, instruments, and
      certificates.

     

    (c)  Non-Ministerial
      Matters.  (i)  With respect to matters that in the
      reasonable judgment of the Administrator are non-ministerial, the Administrator
      shall not take any action unless within a reasonable time before the taking
      of
      such action, the Administrator shall have notified the Owner Trustee of the
      proposed action and the Owner Trustee shall not have withheld consent or
      provided an alternative direction. For the purpose of the preceding sentence,
      "non-ministerial matters" shall include, without limitation:

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    (A)  the
      amendment of or any supplement to the Indenture, any other Basic Document,
      any
      other Related Agreement, or any other document or agreement to which the Issuing
      Entity or the Owner Trustee is a party;

     

    (B)  the
      initiation or compromise of any claim or lawsuit to which the Issuing Entity
      is
      a party;

     

    (C)  the
      appointment of successor Note Registrars, successor Paying Agents and successor
      Indenture Trustees pursuant to the Indenture or the appointment of successor
      Administrators, or the consent to the assignment by the Note Registrar, Paying
      Agent or Indenture Trustee of its obligations under the Indenture;

     

    (D)  the
      removal of the Indenture Trustee;

     

    (E)  the
      allocation, deposit, withdrawal or payment of funds under any Basic Document
      or
      Related Agreement, including the timing or amount of any of the
      foregoing;

     

    (F)  the
      prepayment in full of any Note;

     

    (G)  the
      waiver of any default under any document, agreement, or instrument;

     

    (H)  the
      release of any part of the Collateral;

     

    (I)  the
      entering into of any agreement by the Issuing Entity or the Owner
      Trustee;

     

    (J)  any
      matter described in Article IV of the Trust Agreement;

     

    (K)  any
      matter that is reserved to the discretion of the Issuing Entity or the Owner
      Trustee under any Basic Document or Related Agreement or that could have a
      material impact on the financial condition of the Issuing Entity or the
      Certificateholder;

     

    (L)  the
      incurring of any obligation or liability by the Issuing Entity or the Owner
      Trustee;

     

    (M)  the
      disposition of any assets of the Issuing Entity, except as expressly authorized
      by the Trust Agreement or the Indenture;

     

    (N)  any
      filings required by the Delaware Statutory Trust Act;

     

    (O)  the
      provision of copies of any amendment or supplement to the Interest Rate Swap
      Agreement to the Rating Agencies; and

     

    (P)  the
      notification to the Swap Counterparty of any proposed amendment or supplement
      to
      any of the Basic Documents.

     

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    (ii)  Notwithstanding
      anything to the contrary in this Agreement, the Administrator shall not be
      obligated to, and shall not, (A) pay any obligation of the Issuing Entity
      or the Owner Trustee, (B) execute or authenticate any note or certificate,
      (C) make any payments to the Noteholders, the Certificateholder, the Swap
      Counterparty or any other Person under any Related Agreement or any Basic
      Document, (D) sell the Trust Estate pursuant to Section 5.04 of the
      Indenture or (E) take any other action that the Issuing Entity directs the
      Administrator not to take on its behalf or take, or cause or instruct the
      Issuing Entity or the Owner Trustee to take, any action that the Issuing Entity
      or the Owner Trustee is prohibited from taking under any Basic
      Document.

     

    2.  Records.  The
      Administrator shall maintain appropriate books of account and records relating
      to services performed hereunder, which books of account and records shall be
      accessible for inspection by the Issuing Entity, the Owner Trustee, the
      Indenture Trustee and the Depositor at any time during normal business
      hours.

     

    3.  Compensation.  As
      compensation for the performance of the Administrator's obligations under this
      Agreement, the Administrator shall be entitled to $500 per month which shall
      be
      payable in accordance with Section 5.05 of the Sale and Servicing
      Agreement.  The Depositor shall also reimburse the Administrator for
      any of its liabilities and expenses related to its performance hereunder or
      under any Related Agreement (including without limitation those expenses set
      forth in Section 1(a)(ii) of this Agreement).

     

    4.  Additional
      Information To Be
      Furnished to Issuing Entity.  The Administrator shall
      furnish to the Issuing Entity from time to time such additional information
      regarding the Collateral as the Issuing Entity shall reasonably
      request.

     

    5.  Independence
      of
      Administrator.  For all purposes of this Agreement, the
      Administrator shall be an independent contractor and shall not be subject to
      the
      supervision of the Issuing Entity or the Owner Trustee with respect to the
      manner in which it accomplishes the performance of its obligations hereunder.
      Unless expressly authorized by the Issuing Entity, the Administrator shall
      have
      no authority to act for or represent the Issuing Entity or the Owner Trustee
      in
      any way and shall not otherwise be deemed an agent of the Issuing Entity or
      the
      Owner Trustee.

     

    6.  No
      Joint
      Venture.  Nothing contained in this Agreement shall (i)
      constitute the Administrator and either of the Issuing Entity or the Owner
      Trustee as members of any partnership, joint venture, association, syndicate,
      unincorporated business or other separate entity, (ii) be construed to impose
      any liability as such on any of them or (iii) be deemed to confer on any of
      them
      any express, implied or apparent authority to incur any obligation or liability
      on behalf of the others.

     

    7.  Other
      Activities of
      Administrator.  Nothing herein shall prevent the
      Administrator or its affiliates from engaging in other businesses or, in its
      sole discretion, from acting in a similar capacity as an administrator for
      any
      other person or entity even though such person or entity may engage in business
      activities similar to those of the Issuing Entity, the Owner Trustee or the
      Indenture Trustee.

     

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    8.  Term
      of Agreement; Resignation and
      Removal of Administrator.  (a)  This Agreement
      shall continue in force until the dissolution of the Issuing Entity, upon which
      event this Agreement shall automatically terminate.

     

    (b)  Subject
      to Section 8(e) and (f), the Administrator may resign its duties hereunder
      by
      providing the Issuing Entity with at least 60 days prior written
      notice.

     

    (c)  Subject
      to Section 8(e) and (f), the Issuing Entity may remove the Administrator without
      cause by providing the Administrator with at least 60 days prior written
      notice.

     

    (d)  Subject
      to Section 8(e) and (f), at the sole option of the Issuing Entity, the
      Administrator may be removed immediately upon written notice of termination
      from
      the Issuing Entity to the Administrator if any of the following events shall
      occur:

     

    (i)  the
      Administrator shall default in the performance of any of its duties under this
      Agreement and, after notice of such default, shall not cure such default within
      ten days (or, if such default cannot be cured in such time, shall not give
      within 10 days such assurance of cure as shall be reasonably satisfactory to
      the
      Issuing Entity);

     

    (ii)  a
      court having jurisdiction in the premises shall enter a decree or order for
      relief, and such decree or order shall not have been vacated within 60 days,
      in
      respect of the Administrator in any involuntary case under any applicable
      bankruptcy, insolvency or other similar law now or hereafter in effect or
      appoint a receiver, liquidator, assignee, custodian, trustee, sequestrator
      or
      similar official for the Administrator or any substantial part of its property
      or order the winding-up or liquidation of its affairs; or

     

    (iii)  the
      Administrator shall commence a voluntary case under any applicable bankruptcy,
      insolvency or other similar law now or hereafter in effect, shall consent to
      the
      entry of an order for relief in an involuntary case under any such law, or
      shall
      consent to the appointment of a receiver, liquidator, assignee, trustee,
      custodian, sequestrator or similar official for the Administrator or any
      substantial part of its property, shall consent to the taking of possession
      by
      any such official of any substantial part of its property, shall make any
      general assignment for the benefit of creditors or shall fail generally to
      pay
      its debts as they become due.

     

    The
      Administrator agrees that if any of the events specified in clause (ii) or
      (iii)
      of this Section shall occur, it shall give written notice thereof to the Issuing
      Entity and the Indenture Trustee within seven days after the happening of such
      event.

     

    (e)  No
      resignation or removal of the Administrator pursuant to this Section shall
      be
      effective until (i) a successor Administrator shall have been appointed by
      the
      Issuing Entity and (ii) such successor Administrator shall have agreed in
      writing to be bound by the terms of this Agreement in the same manner as the
      Administrator is bound hereunder.

     

    (f)  The
      appointment of any successor Administrator shall be effective only after
      satisfaction of the Rating Agency Condition with respect to the proposed
      appointment.

     

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    9.  Action
      upon Termination, Resignation
      or Removal.  Promptly upon the effective date of
      termination of this Agreement pursuant to Section 8(a) or the resignation
      or removal of the Administrator pursuant to Section 8(b) or (c),
      respectively, the Administrator shall be entitled to be paid all fees and
      reimbursable expenses accruing to it to the date of such termination,
      resignation or removal. The Administrator shall forthwith upon such termination
      pursuant to Section 8(a) deliver to the Issuing Entity all property and
      documents of or relating to the Collateral then in the custody of the
      Administrator. In the event of the resignation or removal of the Administrator
      pursuant to Section 8(b) or (c), respectively, the Administrator
      shall cooperate with the Issuing Entity and take all reasonable steps requested
      to assist the Issuing Entity in making an orderly transfer of the duties of
      the
      Administrator.

     

    10.  Notices.  Any
      notice, report or other communication given hereunder shall be in writing and
      addressed as follows:

     

    (a)  if
      to the Issuing Entity, to

     

    Caterpillar
      Financial Asset Trust 2007-A

    The
      Bank of New York (Delaware)

    100
      White Clay Center, Route 273

    Newark,
      Delaware 19711

    Attention:  Corporate
      Trust Administration

     

    (b)  if
      to the Owner Trustee, to

     

    The
      Bank of New York (Delaware)

    100
      White Clay Center, Route 273

    Newark,
      Delaware 19711

    Attention:  Corporate
      Trust Administration

     

    (c)  if
      to the Administrator, to

     

    Caterpillar
      Financial Services Corporation

    2120
      West End Avenue

    Nashville,
      TN  37203-0001

     

    (d)  if
      to the Indenture Trustee, to

     

    U.S.
      Bank National Association

    209
      S. LaSalle Street, Suite 300

    Chicago,
      IL 60604

     

    (e)  if
      to the Depositor, to

     

    Caterpillar
      Financial Funding Corporation

    4040
      S. Eastern Avenue

    Suite
      344

    Las
      Vegas, Nevada  89119

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    or
      to such other address as any party shall have provided to the other parties
      in
      writing. Any notice required to be in writing hereunder shall be deemed given
      upon receipt.

     

    11.  Amendments.  This
      Agreement may be amended, with prior written notice to the Rating Agencies,
      from
      time to time by a written amendment duly executed and delivered by the Issuing
      Entity, the Administrator and the Indenture Trustee, with the written consent
      of
      the Owner Trustee, without the consent of the Swap Counterparty, the Noteholders
      and the Certificateholder, for the purpose of adding any provisions to or
      changing in any manner or eliminating any of the provisions of this Agreement
      or
      of modifying in any manner the rights of the Swap Counterparty, the Noteholders
      or the Certificateholder; provided, however, that such amendment
      will not, in the Opinion of Counsel, materially and adversely affect the
      interest of the Swap Counterparty, any Noteholder or the Certificateholder
      or
      the federal tax characterization of the Notes; provided, further, that such
      amendment shall not materially and adversely affect the rights and obligations
      of the Swap Counterparty or the Issuing Entity under the Interest Rate Swap
      Agreement unless the Swap Counterparty shall have consented in writing to such
      amendment (and such consent shall be deemed to have been given if the Swap
      Counterparty does not object in writing within ten (10) Business Days after
      receipt of a written request for such consent).  This Agreement may
      also be amended, with prior written notice to the Rating Agencies, by the
      Issuing Entity, the Administrator and the Indenture Trustee with the written
      consent of the Owner Trustee and the holders of Notes evidencing a majority
      in
      the Outstanding Amount of the Notes and the holder of the Certificate for the
      purpose of adding any provisions to or changing in any manner or eliminating
      any
      of the provisions of this Agreement or of modifying in any manner the rights
      of
      Noteholders or the Certificateholder; provided, however, that no
      such amendment may (i) increase or reduce in any manner the amount of, or
      accelerate or delay the timing of, collections of payments on Receivables or
      distributions that are required to be made for the benefit of the Noteholders
      or
      the Certificateholder or (ii) reduce the aforesaid percentage of the holders
      of
      Notes and the holder of the Certificate which are required to consent to any
      such amendment, without the consent of the holders of all the outstanding Notes
      and the Certificate. Notwithstanding the foregoing, this Agreement may not
      be
      amended without the consent of the Depositor, which consent shall not be
      unreasonably withheld.

     

    12.  Successors
      and
      Assigns.  This Agreement may not be assigned by the
      Administrator unless such assignment is previously consented to in writing
      by
      the Issuing Entity and the Owner Trustee and subject to the satisfaction of
      the
      Rating Agency Condition in respect thereof.  An assignment with such
      consent and satisfaction, if accepted by the assignee, shall bind the assignee
      hereunder in the same manner as the Administrator is bound
      hereunder.  Notwithstanding the foregoing, this Agreement may be
      assigned by the Administrator without the consent of the Issuing Entity or
      the
      Owner Trustee to a corporation or other organization that is a successor (by
      merger, consolidation or purchase of assets) to the Administrator, provided
      that
      such successor organization executes and delivers to the Issuing Entity, the
      Owner Trustee and the Indenture Trustee an agreement in which such corporation
      or other organization agrees to be bound hereunder by the terms of said
      assignment in the same manner as the Administrator is bound
      hereunder.  Subject to the foregoing, this Agreement shall bind any
      successors or assigns of the parties hereto.

     

    13.  GOVERNING
      LAW.  THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH
      THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW
      PROVISIONS (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL
      OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES
      HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

     

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    14.  Headings.  The
      section headings hereof have been inserted for convenience of reference only
      and
      shall not be construed to affect the meaning, construction or effect of this
      Agreement.

     

    15.  Counterparts.  This
      Agreement may be executed in counterparts, each of which when so executed shall
      together constitute but one and the same agreement.

     

    16.  Severability.  Any
      provision of this Agreement that is prohibited or unenforceable in any
      jurisdiction shall be ineffective to the extent of such prohibition or
      unenforceability without invalidating the remaining provisions hereof and any
      such prohibition or unenforceability in any jurisdiction shall not invalidate
      or
      render unenforceable such provision in any other jurisdiction.

     

    17.  Not
      Applicable to the Administrator
      in Other Capacities.  Nothing in this Agreement shall
      affect any obligation the Administrator may have in any other
      capacity.

     

    18.  Limitation
      of Liability of Owner
      Trustee and Indenture Trustee.

     

    (a)  Notwithstanding
      anything contained herein to the contrary, this instrument has been signed
      by
      The Bank of New York (Delaware) not in its individual capacity but solely in
      its
      capacity as Owner Trustee of the Issuing Entity and in no event shall The Bank
      of New York (Delaware) in its individual capacity or any beneficial owner of
      the
      Issuing Entity have any liability for the representations, warranties,
      covenants, agreements or other obligations of the Issuing Entity hereunder,
      as
      to all of which recourse shall be had solely to the assets of the Issuing
      Entity.  For all purposes of this Agreement, in the performance of any
      duties or obligations of the Issuing Entity hereunder, the Owner Trustee shall
      be subject to, and entitled to the benefits of, the terms and provisions of
      Articles VI, VII and VIII of the Trust Agreement.

     

    (b)  Notwithstanding
      anything contained herein to the contrary, this Agreement has been signed by
      U.S. Bank National Association not in its individual capacity but solely as
      Indenture Trustee and in no event shall U.S. Bank National Association have
      any
      liability for the representations, warranties, covenants, agreements or other
      obligations of the Issuing Entity hereunder or in any of the certificates,
      notices or agreements delivered pursuant hereto, as to all of which recourse
      shall be had solely to the assets of the Issuing Entity.

     

    (c)  All
      of the rights of the Swap Counterparty in, to and under this Agreement, if
      any,
      shall terminate upon the termination of the Interest Rate Swap Agreement in
      accordance with the terms thereof and the payment in full of all amounts owing
      to the Swap Counterparty under such Interest Rate Swap Agreement.

     

    19.  Third-Party
      Beneficiary.  The Owner Trustee is a third-party
      beneficiary to this Agreement and is entitled to the rights and benefits
      hereunder and may enforce the provisions hereof as if it were a party
      hereto.

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    20.  Successor
      Servicer and
      Administrator.  A successor Servicer appointed pursuant to
      Section 8.02 of the Sale and Servicing Agreement shall, upon compliance with
      the
      last sentence of the first paragraph of Section 8.02 of the Sale and
      Servicing Agreement, become the successor Administrator hereunder;
provided, however, that if the Indenture Trustee shall become such
      successor Administrator, the Indenture Trustee shall not be required to perform
      any obligations or duties or conduct any activities as successor Administrator
      that would be prohibited by law and not within the banking and trust powers
      of
      the Indenture Trustee.  In such event, the Indenture Trustee shall
      appoint a sub-administrator to perform such obligations and duties.

     

    21.  Nonpetition
      Covenants.  

     

    (a)  Notwithstanding
      any prior termination of this Agreement, the Depositor, the Administrator,
      the
      Owner Trustee and the Indenture Trustee shall not, prior to the date which
      is
      one year and one day after the payment of the Notes in full, acquiesce, petition
      or otherwise invoke or cause the Issuing Entity to invoke the process of any
      court or government authority for the purpose of commencing or sustaining a
      case
      against the Issuing Entity under any Federal or state bankruptcy, insolvency
      or
      similar law or appointing a receiver, liquidator, assignee, trustee, custodian,
      sequestrator or other similar official of the Issuing Entity or any substantial
      part of its property, or ordering the winding up or liquidation of the affairs
      of the Issuing Entity.

     

    (b)  Notwithstanding
      any prior termination of this Agreement, the Issuing Entity, the Administrator,
      the Owner Trustee and the Indenture Trustee shall not, prior to the date which
      is one year and one day after the payment of the Notes in full, acquiesce,
      petition or otherwise invoke or cause the Depositor to invoke the process of
      any
      court or government authority for the purpose of commencing or sustaining a
      case
      against the Depositor under any Federal or state bankruptcy, insolvency or
      similar law or appointing a receiver, liquidator, assignee, trustee, custodian,
      sequestrator or other similar official of the Depositor or any substantial
      part
      of its property, or ordering the winding up or liquidation of the affairs of
      the
      Depositor.

     

    [Signature
      Page Follows]

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

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

     

     

    
      	
               

            	
              CATERPILLAR
                FINANCIAL ASSET TRUST 2007-A

            

    

     

     

     

    
      	 	
              THE
                BANK
                OF NEW YORK (DELAWARE),

              not in its individual capacity but soley as Owner
                Trustee

            	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/Kristine
              K.
              Gullo	 
	 	 	Name: 
              Kristine K. Gullo 	 
	 	 	Title: 
Vice
              President 	 
	 	 	 	 

    

     

    
      	 	
              U.S.
                BANK NATIONAL ASSOCIATION,

              not in its individual capacity but solely as
                Indenture
                Trustee

            	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/Melissa
              A. Rosal 	 
	 	 	Name: 
              Melissa A. Rosal 	 
	 	 	Title: 
              Vice President 	 
	 	 	 	 

    

     

    
      	 	
              CATERPILLAR
                FINANCIAL SERVICES CORPORATION,

              as Administrator

            	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/James
              A. Duensing 	 
	 	 	Name: 
              James A. Duensing 	 
	 	 	Title: 
              Executive Vice President and Chief
              Financial Officer 	 
	 	 	 	 

    

     

    
      	 	
              CATERPILLAR
                FINANCIAL FUNDING CORPORATION,

              as Depositor

            	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/David
              A. Kacynski 	 
	 	 	Name: 
              David A. Kacynski 	 
	 	 	Title: 
              Treasurer 	 
	 	 	 	 

    

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    
      
              

                        
    

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    [Form
      of Power of Attorney]

     

    POWER
      OF ATTORNEY

     

    STATE
      OF
      ____________                 )

    )

    COUNTY
      OF
      __________                )

     

    KNOW
      ALL MEN BY THESE PRESENTS, that ______________________, a
      ____________________________, not in its individual capacity but solely as
      owner
      trustee ("Owner Trustee") for the Caterpillar Financial Asset Trust 2007-A
      ("Trust"), does hereby make, constitute and appoint
      ____________________________, as Administrator under the Administration
      Agreement (as defined below), as Attorney-in-Fact to execute on behalf of the
      Owner Trustee or the Issuing Entity all documents, reports, filings,
      instruments, and certificates as it shall be the duty of the Owner Trustee
      or
      the Issuing Entity to prepare, file or deliver pursuant to the Related
      Agreements (as defined in the Administration Agreement), including, without
      limitation, to appear for and represent the Owner Trustee and the Issuing Entity
      in connection with the preparation, filing and audit of federal, state and
      local
      tax returns pertaining to the Issuing Entity, and with full power to perform
      any
      and all acts associated with such returns and audits that the Owner Trustee
      could perform, including without limitation, the right to distribute and receive
      confidential information, defend and assert positions in response to audits,
      initiate and defend litigation, and to execute waivers of restriction on
      assessments of deficiencies, consents to the extension of any statutory or
      regulatory time limit, and settlements.  For the purpose of this Power
      of Attorney, the term "Administration Agreement" means the Administration
      Agreement, dated as of September 1, 2007, among the Issuing Entity, Caterpillar
      Financial Services Corporation, as Administrator, Caterpillar Financial Funding
      Corporation, as Depositor, and U.S. Bank National Association, as Indenture
      Trustee, as amended, modified or supplemented from time to time.

     

    All
      powers of attorney for this purpose heretofore filed or executed by the Owner
      Trustee are hereby revoked.

     

    EXECUTED
      this [___] day of September 2007.

     

    
      	 	THE
              BANK OF NEW
              YORK (DELAWARE), not in its individual capacity but soley as Owner
              Trustee,	 
	 	 	 	 
	
               

            	
              By:
                

            	 	 
	 	 	Name 	 
	 	 	Title 	 
	 	 	 	 

    

     

     

     

     

     

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

              

                  TABLE
            OF
            CONTENTS      
      

                      
      

                 Page   

        

      

    

    
      	
              1.

            	
              DUTIES
                OF ADMINISTRATOR 

            	
              2

            

    

     

    
      	
              2.

            	
              RECORDS 

            	
              8

            

    

     

    
      	
              3.

            	
              COMPENSATION 

            	
              8

            

    

     

    
      	
              4.

            	
              ADDITIONAL
                INFORMATION TO BE FURNISHED TO ISSUING ENTITY 

            	
              8

            

    

     

    
      	
              5.

            	
              INDEPENDENCE
                OF ADMINISTRATOR 

            	
              8

            

    

     

    
      	
              6.

            	
              NO
                JOINT VENTURE 

            	
              8

            

    

     

    
      	
              7.

            	
              OTHER
                ACTIVITIES OF ADMINISTRATOR 

            	
              8

            

    

     

    
      	
              8.

            	
              TERM
                OF AGREEMENT; RESIGNATION AND REMOVAL OF
                ADMINISTRATOR 

            	
              8

            

    

     

    
      	
              9.

            	
              ACTION
                UPON TERMINATION, RESIGNATION OR REMOVAL 

            	
              9

            

    

     

    
      	
              10.

            	
              NOTICES 

            	
              10

            

    

     

    
      	
              11.

            	
              AMENDMENTS 

            	
              11

            

    

     

    
      	
              12.

            	
              SUCCESSORS
                AND ASSIGNS 

            	
              11

            

    

     

    
      	
              13.

            	
              GOVERNING
                LAW 

            	
              11

            

    

     

    
      	
              14.

            	
              HEADINGS 

            	
              12

            

    

     

    
      	
              15.

            	
              COUNTERPARTS 

            	
              12

            

    

     

    
      	
              16.

            	
              SEVERABILITY 

            	
              12

            

    

     

    
      	
              17.

            	
              NOT
                APPLICABLE TO THE ADMINISTRATOR IN OTHER CAPACITIES 

            	
              12

            

    

     

    
      	
              18.

            	
              LIMITATION
                OF LIABILITY OF OWNER TRUSTEE AND INDENTURE TRUSTEE 

            	
              12

            

    

     

    
      	
              19.

            	
              THIRD-PARTY
                BENEFICIARY 

            	
              12

            

    

     

    
      	
              20.

            	
              SUCCESSOR
                SERVICER AND ADMINISTRATOR 

            	
              13

            

    

     

    
      	
              21.

            	
              NONPETITION
                COVENANTS 

            	
              13

            

    

     

     

    

    EXHIBIT
      A                           -      Form
      of Power of Attorneyexh4-5_warrant.htm

     

    
      

      

    

     

     

     

     

     

     

     

    EXHIBIT
      4.5

     

    FORM
      OF WARRANT AGREEMENT BETWEEN THE REGISTRANT

    AND
      COMPUTERSHARE TRUST COMPANY, N.A.

     

     

     

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    COMPUTERSHARE,
      INC.

    WARRANT
      AGREEMENT

     

    This
      Agreement is
      between Healthy Fast Food, Inc., a Nevada corporation (the
“Company”), and Computershare, Inc. a Delaware corporation and
      its fully owned subsidiary Computershare Trust Company, N.A. a federally
      chartered trust company, having its principal office at 250 Royall Street,
      Canton, MA 02021 (Collectively “Warrant Agent”, or individually
“Computershare” and the “Trust Company”,
      respectively).

     

    The
      Company, at or
      about the time that it is entering into this Agreement, proposes to issue and
      sell to public investors up to 2,875,000 Units (together with the additional
      units issuable as provided herein, the
“Units”).  Each Unit consists of one share of common
      stock, $0.001 par value, of the Company, one redeemable Class A Warrant and
      one
      redeemable Class B Warrant.  The Class A Warrants and the Class B
      Warrants are herein collectively referred to as the
“Warrants.”  Each Warrant is exercisable to purchase
      one share of Common Stock upon the terms and conditions and subject to
      adjustment in certain circumstances, all as set forth in this
      Agreement.

     

    The
      Company
      proposes to issue to the underwriter, Paulson Investment Company, Inc.
      ("Paulson") in the public offering of Units referred to above
      (the "Public Offering") warrants to purchase up to 250,000
      additional Units.

     

    The
      Company wishes
      to retain the Warrant Agent to act on behalf of the Company, and the Warrant
      Agent is willing so to act, in connection with the issuance, transfer, exchange
      and replacement of the certificates evidencing the Warrants to be issued under
      this Agreement (the “Warrant Certificates”) and the exercise of
      the Warrants;

     

    The
      Company and the
      Warrant Agent wish to enter into this Agreement to set forth the terms and
      conditions of the Warrants and the rights of the holders thereof
      (“Warrant Holders”) and to set forth the respective rights and
      obligations of the Company and the Warrant Agent.  Each Warrant Holder
      is an intended beneficiary of this Agreement with respect to the rights of
      Warrant Holders herein.

     

    NOW,
      THEREFORE, in
      consideration of the premises and the mutual agreements herein set forth, the
      parties hereto agree as follows:

     

    
      	
               

            	
              1.

            	
              Warrants.  Each
                Class A Warrant will entitle the registered holder of a Class A Warrant
                to
                purchase from the Company one share of Company common stock, $0.001
                par
                value per share (each a “Share”) at $7.20 per Share and
                each Class B Warrant will entitle the registered holder of a Class
                A
                Warrant to purchase from the Company one Share at $12.00 per Share
                (together with the exercise price of the Class A Warrants, the
                “Exercise Price”).  The Exercise Price is
                subject to adjustments as provided in Section 13 hereof.  A
                Warrant Holder may exercise all or any number of Warrants resulting
                in the
                purchase of a whole number of
                Shares.

            

    

     

    
      	
               

            	
              2.

            	
              Exercise
                Period.  The Warrants may be exercised at any time during
                the period (the“Exercise
                Period”) commencing ____________, 2007 and
                ending at 5:00 p.m., Mountain Time on ______________, 2012
                (“Expiration Date”) set forth in the
                Warrant.  After the Expiration Date, any unexercised Warrants
                will be void and all rights of Warrant Holders shall
                cease.

            

    

     

    
      
        
          1    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              3.

            	
              Execution
                of Warrant Certificates.  Warrant Certificates shall be in
                registered form only and shall be substantially in the form set forth
                in
                Exhibits A and B attached to this Agreement.  Warrant
                Certificates shall be signed by, or shall bear the facsimile signature
                of,
                the President or a Vice President of the Company and the Secretary
                or an
                Assistant Secretary of the Company and shall bear a facsimile of
                the
                Company’s corporate seal.  If any person, whose facsimile
                signature has been placed upon any Warrant Certificate or the signature
                of
                an officer of the Company, shall have ceased to be such officer before
                such Warrant Certificate is countersigned, issued and delivered,
                such
                Warrant Certificate shall be countersigned, issued and delivered
                with the
                same effect as if such person had not ceased to be such
                officer.  Any Warrant Certificate may be signed by, or made to
                bear the facsimile signature of, any person who at the actual date
                of the
                preparation of such Warrant Certificate shall be a proper officer
                of the
                Company to sign such Warrant Certificate even though such person
                was not
                such an officer upon the date of the
                Agreement.

            

    

     

    
      	
               

            	
              4.

            	
              Countersigning.  Warrant
                Certificates shall be manually countersigned by the Warrant Agent
                and
                shall not be valid for any purpose unless so countersigned.  The
                Warrant Agent hereby is authorized to countersign and deliver to,
                or in
                accordance with the instructions of, any Warrant Holder any Warrant
                Certificate which is properly
                issued.

            

    

     

    
      	
               

            	
              5.

            	
              Registration
                of Transfer and Exchanges.  The Warrant Agent shall from
                time to time register the transfer of any outstanding Warrant Certificate
                upon records maintained by the Warrant Agent for such purpose upon
                surrender of such Warrant Certificate to the Warrant Agent for transfer,
                accompanied by appropriate instruments of transfer in form satisfactory
                to
                the Company and the Warrant Agent and duly executed by the Warrant
                Holder
                or a duly authorized attorney.  Upon any such registration of
                transfer, a new Warrant Certificate shall be issued in the name of
                and to
                the transferee and the surrendered Warrant Certificate shall be
                cancelled.

            

    

     

    
      	
               

            	
              6.

            	
              Exercise
                of Warrants.

            

    

     

    
      	
               

            	
              (a)

            	
              Subject
                to
                the terms of the Warrant, any Warrant may be exercised upon any single
                occasion during the exercise period.  A Warrant shall be
                exercised by the Warrant Holder by surrendering to the Warrant Agent
                the
                Warrant Certificate with the exercise form on the reverse of such
                Warrant
                Certificate duly completed and executed and delivering to the Warrant
                Agent, by good check or bank draft payable to the order of the Warrant
                Agent, the Exercise Price for each Share to be
                purchased.

            

    

     

    
      	
               

            	
              (b)

            	
              Upon
                receipt
                of a Warrant Certificate with the exercise form thereon duly executed
                together with payment in full of the Exercise Price for the Shares
                for
                which Warrants are then being exercised, the Warrant Agent shall
                requisition from any transfer agent for the Shares, and upon receipt
                shall
                make delivery of, certificates evidencing the total number of whole
                Shares
                for which Warrants are then being exercised in such names and
                denominations as are required for delivery to, or in accordance with
                the
                instructions of, the Warrant Holder.  Such certificates for the
                Shares shall be deemed to be issued, and the person whom such Shares
                are
                issued of

            

    

     

    
      
        
          2    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              record
                shall
                be deemed to have become a holder of record of such Shares, as of
                the date
                of the surrender of such Warrant Certificate and payment of the Exercise
                Price, whichever shall last occur; provided that if the transfer
                books of
                the Company with respect to the Shares, shall be closed, the certificates
                for the Shares issuable upon exercise of the Warrant shall be issued
                as of
                the date on which such books shall next be open, and the person to
                whom
                such Shares are issued of record shall be deemed to have become a
                record
                holder of such Shares as of the date on which such books shall next
                be
                open (whether before, on or after the Expiration Date) and until
                such date
                the Warrant Agent shall be under no duty to deliver any certificate
                for
                such Shares.

            

    

     

    
      	
               

            	
              (c)

            	
              If
                less than
                all a Warrant Holder’s Warrants are exercised upon a single occasion, a
                new Warrant Certificate for the balance of the Warrants not so exercised
                shall be issued and delivered to, or in accordance with, transfer
                instructions properly given by the Warrant Holder until the Expiration
                Date.

            

    

     

    
      	
               

            	
              (d)

            	
              All
                Warrant
                Certificates surrendered upon exercise shall be
                cancelled.

            

    

     

    
      	
               

            	
              (e)

            	
              Upon
                the
                exercise of any Warrant, the Warrant Agent shall promptly deposit
                the
                payment into an escrow account established by mutual agreement of
                the
                Company and the Warrant Agent at a federally insured commercial
                bank.  All funds deposited in the escrow account will be
                disbursed on a weekly basis to the Company once they have been determined
                by the Warrant Agent to be collected funds.  Once the funds are
                determined to be collected, the Warrant Agent shall cause the share
                certificate(s) representing the exercised Warrants to be
                issued.

            

    

     

    
      	
               

            	
              (f)

            	
              Expenses
                incurred by the Warrant Agent will be paid by the
                Company.  These expenses, including delivery of Share
                certificates to the shareholder, will be deducted from the Exercise
                Price
                submitted by a Warrant Holder prior to the distribution of funds
                to the
                Company.  A detailed accounting statement relating to the number
                of Warrants exercised, names and registered Warrant Holder(s) and
                the net
                amount of exercised funds remitted will be given to the Company with
                the
                payment of each exercise amount.

            

    

     

    7.           Warrant
      Solicitation and Warrant Solicitation Fee.

    

    
      	
               

            	
              (a)

            	
              The
                Company
                has engaged Paulson, on a non-exclusive basis, as its agent for the
                solicitation of the exercise of the Warrants.  The Company will,
                at its cost, (i) assist Paulson with respect to such solicitation,
                if
                requested by Paulson, and (ii) provide Paulson, and direct the Warrant
                Agent to deliver to Paulson lists of the record and, to the extent
                known,
                beneficial owners of the Company’s Warrants.  The Company hereby
                instructs the Warrant Agent to cooperate with Paulson in every respect
                in
                connection with Paulson’s solicitation activities, including, but not
                limited to, providing to Paulson, at the Company’s cost, a list of record
                and beneficial holders of the Warrants and circulating a prospectus
                or
                offering circular disclosing the compensation arrangements referenced
                in
                Section

            

    

     

    
      
        
          3    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              7(b)
                below to
                holders of the Warrants at the time of exercise of the
                Warrants.  In addition to the conditions set forth in Section
                7(b), Paulson shall accept payment of the warrant solicitation fee
                provided in Section 7(b) only if permitted under the rules and regulations
                of the FINRA and only to the extent that a holder who exercises Warrants
                specifically designates, in writing, that Paulson solicited the
                exercise.

            

    

     

    
      	
               

            	
              (b)

            	
              In
                each
                instance in which a Warrant is exercised, the Warrant Agent shall
                promptly
                give written notice of such exercise to the Company and Paulson (“Warrant
                Agent’s Exercise Notice”). If, upon the exercise of any Warrant more than
                one year from the effective date of the registration statement,
                registering the Warrants, (i) the market price of the Company’s common
                stock is greater than the Exercise Price, (ii) disclosure of compensation
                arrangements between the Company and Paulson with respect to the
                solicitation of the exercise of the Warrants was made both at the
                time of
                the Public Offering and at the time of exercise (by delivery of the
                prospectus or as otherwise required by applicable law, rule or
                regulation), (iii) the holder of the Warrant confirms in writing
                that the
                exercise of the Warrant was solicited by Paulson, (iv) the Warrant
                was not
                held in a discretionary account, and (v) the solicitation of the
                exercise
                of the Warrant was not in violation of Regulation M (as such rule
                or any
                successor rule may be in effect as of such time of exercise) promulgated
                under the Securities Exchange Act of 1934, as amended, then the Warrant
                Agent, simultaneously with the distribution of the common stock underlying
                the Warrants so exercised in accordance with the instructions from
                the
                Company following receipt of the proceeds to the Company received
                upon
                exercise of such Warrant(s), shall, on behalf of the Company, pay
                a fee of
                5% of the Warrant Price to Paulson, provided that Paulson delivers
                to the
                Warrant Agent within ten (10) business days from the date on which
                Paulson
                has received the Warrant Agent’s Exercise Notice, a certificate that the
                conditions set forth in the preceding clauses (iii), (iv) and (v)
                have
                been satisfied. Notwithstanding the foregoing, no fee will be paid
                to
                Paulson with respect to the exercise by Paulson or its affiliates
                of
                Warrants purchased by it or them and still held by it or them for
                its or
                their own account. Paulson and the Company may at any time during
                business
                hours, examine the records of the Warrant Agent, including its ledger
                of
                original Warrant certificates returned to the Warrant Agent upon
                exercise
                of Warrants.

            

    

     

    
      	
               

            	
              (c)

            	
              The
                provisions of this Section 7. may not be modified, amended or deleted
                without the prior written consent of
                Paulson.

            

    

     

    8.           Redemption
      of Warrants.

     

    
      	
               

            	
              (a)

            	
              Beginning
                six
                months after the closing of the Public Offering, the Class A Warrants
                outstanding at the time of a redemption may be redeemed at the option
                of
                the Company, in whole or in part on a pro-rata basis, by giving not
                less
                than 30 days prior notice as provided in Section 8(d) below, which
                notice
                may not be given before, but may be given at any time after the date
                on
                which the closing price of the Company’s
                common

            

    

     

    
      
        
          4    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              stock
                on the
                principal exchange or trading facility on which it is then traded
                has
                equaled or exceeded $10.20 for five consecutive trading
                days.

            

    

     

    
      	
               

            	
              (b)

            	
              Beginning
                six
                months after the closing of the Public Offering, the Class B Warrants
                outstanding at the time of a redemption may be redeemed at the option
                of
                the Company, in whole or in part on a pro-rata basis, by giving not
                less
                than 30 days prior notice as provided in Section 8(d) below, which
                notice
                may not be given before, but may be given at any time after the date
                on
                which a total of 25 EVOS restaurants have been opened in the Company’s
                exclusive 12-state territory.

            

    

     

    
      	
               

            	
              (c)

            	
              The
                price at
                which Warrants may be redeemed (the
                “RedemptionPrice”) is $0.25 per
                Warrant.  On and after the redemption date the holders of record
                of redeemed Warrants shall be entitled to payment of the Redemption
                Price
                upon surrender of the Warrant Certificates of such redeemed Warrants
                to
                the Company at the office of the Warrant
                Agent.

            

    

     

    
      	
               

            	
              (d)

            	
              Notice
                of
                redemption of Warrants shall be given at least 30 days prior to the
                redemption date by mailing, by registered or certified mail, return
                receipt requested, a copy of such notice to the Warrant Agent and
                to all
                of the holders of record of redeemed Warrants at their respective
                addresses appearing on the books or transfer records of the Warrant
                Agent
                or such other address designated in writing by the holder of record
                to the
                Warrant Agent not less than 40 days prior to the redemption
                date.

            

    

     

    
      	
               

            	
              (e)

            	
              From
                and
                after the redemption date, all rights of the holders with respect
                to the
                redeemed Warrants (except the right to receive the Redemption Price)
                shall
                terminate, but only if (i) no later than one day prior to the redemption
                date the Company shall have irrevocably deposited with the Warrant
                Agent
                as paying agent a sufficient amount to pay on the redemption date
                the
                Redemption Price for all Warrants called for redemption and (ii)
                the
                notice of redemption shall have stated the name and address of the
                Warrant
                Agent and the intention of the Company to deposit such amount with
                the
                Warrant Agent no later than one day prior to the redemption
                date.

            

    

     

    
      	
               

            	
              (f)

            	
              On
                the
                redemption date, the Warrant Agent shall pay to the holders of record
                of
                redeemed Warrants all monies received by the Warrant Agent for the
                redemption of Warrants to which the holders of record of such redeemed
                Warrants who shall have surrendered their Warrant Certificates are
                entitled.  The Warrant Agent shall have no obligation to pay for
                the redemption of Warrants except to the extent that funds for such
                payment have been provided to it by the
                Company.

            

    

     

    
      	
               

            	
              (g)

            	
              All
                amounts
                deposited with the Warrant Agent that are not required for redemption
                of
                Warrants may be withdrawn by the Company.  Any amounts deposited
                with the Warrant Agent that shall be unclaimed after six months after
                the
                redemption date shall be redelivered back to the Company, and thereafter
                the holders of the Warrants called for redemption for which such
                funds
                were deposited shall look solely to the Company for payment, it being
                understood that the Warrant Agent
                shall

            

    

     

    
      
        
          5    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              be
                under no
                obligation to report or remit unclaimed property to appropriate states
                in
                compliance with applicable law.  The Company acknowledges that
                the bank accounts maintained by the Warrant Agent in connection with
                the
                services hereunder will be in its name and that the Warrant Agent
                may
                receive investment earnings in connection with the investment at
                the
                Warrant Agent’s risk and for its benefit of funds held in those accounts
                from time to time.

            

    

     

    
      	
               

            	
              (h)

            	
              If
                the
                company fails to make a sufficient deposit with the Warrant Agent
                as
                provided above, the holder of any Warrants called for redemption
                may at
                the option of the holder (i) by notice to the Company declare the
                notice
                of redemption a nullity as to such holder, or (ii) maintain an action
                against the Company for the Redemption Price.  If the holder
                brings such an action, the Company will pay reasonable attorneys’ fees of
                the holder.  If the holder fails to bring an action against the
                Company for the Redemption Price within 60 days after the redemption
                date,
                the holder shall be deemed to have elected to declare the notice
                of
                redemption to be a nullity as to such holder and such notice shall
                be
                without any force or effect as to such holder.  Except as
                otherwise specifically provided in this paragraph 7(h), a notice
                of
                redemption, once mailed by the Company as provided in paragraph 7(d)
                shall
                be irrevocable.

            

    

     

    
      	
               

            	
              (i)

            	
              Notwithstanding
                anything to the contrary in this Section 8, the Company may not provide
                notice of any redemption pursuant to this Section 8 at any time at
                which
                the Warrants are not currently exercisable as a result of the application
                of Section 12.  If, during the period between notice of
                redemption and the Redemption Date, the Warrants become not currently
                exercisable as a result of the application of Section 12, the Redemption
                Date shall be extended to be the tenth business day after such restriction
                on exercise lapses.

            

    

     

    
      	
               

            	
              9.

            	
              Taxes.  The
                Company will pay all taxes attributable to the initial issuance of
                Shares
                upon exercise of Warrants.  The Company shall not, however, be
                required to pay any tax which may be payable in respect to any transfer
                involved in any issue of Warrant Certificates or in the issue of
                any
                certificates of Shares in the name other than that of the Warrant
                Holder
                upon the exercise of any Warrant.

            

    

     

    
      	
               

            	
              10.

            	
              Mutilated
                or Missing Warrant Certificates.  On receipt by the Company
                and the Warrant Agent of evidence satisfactory as to the ownership
                of and
                the loss, theft, destruction or mutilation of any Warrant Certificate,
                the
                Company shall execute and the Warrant Agent shall countersign and
                deliver
                in lieu thereof, a new Warrant Certificate.  In the case of
                loss, theft or destruction of any Warrant Certificate, the Registered
                Owner requesting issuance of a new Warrant Certificate shall be required
                to secure an indemnity bond from an approved surety bonding
                company.  In the event a Warrant Certificate is mutilated, such
                Warrant Certificate shall be surrendered and canceled by the Warrant
                Agent
                prior to delivery of a new Warrant Certificate.  Applicants for
                a substitute Warrant Certificate shall also comply with such other
                regulations and pay such other reasonable charges as the Warrant
                Agent may
                prescribe.

            

    

     

    
      
        
          6    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              11.

            	
              Reservation
                of Shares.  For the purpose of enabling the Company to
                satisfy all obligations to issue Shares upon exercise of Warrants,
                the
                Company will at all times reserve and keep available free from preemptive
                rights, out of the aggregate of its authorized but unissued shares,
                the
                full number of Shares which may be issued upon the exercise of the
                Warrants and such Shares will upon issue be fully paid and nonassessable
                by the Company and free from all taxes, liens, charges and security
                interests with respect to the issue
                thereof.

            

    

     

    
      	
               

            	
              12.

            	
              Governmental
                Restrictions.  If any Shares issuable upon the exercise of
                Warrants require registration or approval of any governmental authority,
                the Company will use all commercially reasonable efforts to cause
                such
                Shares to be duly registered, or approved, as the case may be, and,
                to the
                extent practicable, take all such action in anticipation of and prior
                to
                the exercise of the Warrants, including, without limitation, filing
                any
                and all post-effective amendments to the Company’s Registration Statement
                on Form SB-2 (Registration No. 333-145360) necessary to permit a
                public offering of the Shares underlying the Warrants at any and
                all times
                during the term of this Agreement; provided, however, that in no
                event
                shall such Shares be issued, and the Company is authorized to refuse
                to
                honor the exercise of any Warrant, if such exercise would result
                in, in
                the opinion of the Company’s Board of Directors, upon advice of counsel,
                in the violation of any law.  In the case of a Warrant
                exercisable solely for securities listed on a securities exchange
                or for
                which there are at least three independent market makers, in lieu
                of
                obtaining such registration or approval, the Company may elect to
                redeem
                Warrants submitted to the Warrant Agent for exercise for a price
                equal to
                the difference between the aggregate low asked price, or closing
                price, as
                the case may be, of the securities for which such Warrant is exercisable
                on the date of such submission and the Exercise Price of such
                Warrants.  In the event of such redemption, the Company will pay
                to the holder of such Warrants the above-described redemption price
                in
                cash within 10 business days after receipt of notice from the Warrant
                Agent that such Warrants have been submitted for exercise.  If,
                at the Expiration Date, the Warrants are not currently exercisable
                as a
                result of the provisions of this paragraph, the Expiration Date shall
                be
                extended to a date that is 30 calendar days following notice to the
                Warrant Holders that the Warrants are again exercisable and references
                to
                the Expiration Date herein shall thereafter refer to such extended
                Expiration Date.

            

    

     

    
      	
               

            	
              13.

            	
              Adjustments.  If
                prior to the exercise of any Warrants, the Company shall have effected
                one
                or more stock split-ups, stock dividends or other increases or reductions
                of the number of shares of its $0.001 par value common stock outstanding
                without receiving compensation therefor in money, services or property,
                the number of shares of common stock subject to the Warrants shall
                (i) if
                a net increase shall have been effected in the number of outstanding
                shares of the Company’s common stock, be proportionately increased, and
                the Exercise Price payable per share shall be proportionately reduced,
                and, (ii) if a net reduction shall have been effected in the number
                of
                outstanding shares of the Company’s common stock, be proportionately
                reduced and the Exercise Price payable per share be proportionately
                increased.

            

    

     

    
      	
               

            	
              14.

            	
              Notice
                to
                Warrant Holders.  Upon any adjustment as described in
                Section 13, the Company within 20 days thereafter shall (i) cause
                to be
                filed with the Warrant Agent a certificate signed by a Company officer
                setting forth the details of such

            

    

     

    
      
        
          7    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
               

            	
              adjustment,
                the method of calculation and the facts upon which such calculation
                is
                based, which certificate shall be conclusive evidence of the correctness
                of the matters set forth therein, (ii) cause written notice of such
                adjustments to be given to each Warrant Holder as of the record date
                applicable to such adjustment.  Also, if the Company proposes to
                enter into any reorganization, reclassification, sale of substantially
                all
                of its assets, consolidation, merger, dissolution, liquidation or
                winding
                up, the Company shall give notice of such fact at least 20 days prior
                to
                such action to all Warrant Holders which notice shall set forth such
                facts
                as indicate the effect of such action (to the extent such effect
                may be
                known at the date of such notice) on the Exercise Price and the kind
                and
                amount of the shares or other securities and property deliverable
                upon
                exercise of the Warrants.  Without limiting the obligation of
                the Company hereunder to provide notice to each Warrant Holder, failure
                of
                the Company to give notice shall not invalidate any corporate action
                taken
                by the Company.

            

    

     

    
      	
               

            	
              15.

            	
              No
                Fractional Warrants or Shares.  The Company shall not be
                required to issue fractions of Shares issuable upon exercise of the
                Warrants, upon the reissue of Warrants, or any adjustments as described
                in
                Section 13 or otherwise; but the Company in lieu of issuing any such
                fractional interest, shall round up or down to the nearest full Share
                issuable upon exercise of the Warrant.  If the total Warrants
                surrendered by exercise would result in the issuance of a fractional
                share, the Company shall not be required to issue a fractional share
                but
                rather the aggregate number of shares issuable will be rounded up
                or down
                to the nearest full share.

            

    

     

    
      	
               

            	
              16.

            	
              Rights
                of
                Warrant Holders.  No Warrant Holder, as such, shall have any
                rights of a shareholder of the Company, either at law or equity,
                and the
                rights of the Warrant Holders, as such, are limited to those rights
                expressly provided in the Warrant Certificate.  The Company and
                the Warrant Agent may treat the registered Warrant Holder in respect
                of
                any Warrant as the absolute owner thereof for all purposes notwithstanding
                any notice to the contrary.

            

    

     

    
      	
               

            	
              17.

            	
              Warrant
                Agent.  The Company hereby appoints the Warrant Agent to act
                as the agent of the Company and the Warrant Agent hereby accepts
                such
                appointment upon the following terms and conditions by all of which
                the
                Company and every Warrant Holder, by acceptance of his Warrant
                Certificates, shall be bound:

            

    

     

    
      	
               

            	
              (a)

            	
              Statements
                contained in this Agreement and in the Warrant Certificate shall
                be taken
                as statements of the Company.  The Warrant Agent assumes no
                responsibility for the correctness of any of the same except such
                as
                describes the Warrant Agent or for action taken or to be taken by
                the
                Warrant Agent.

            

    

     

    
      	
               

            	
              (b)

            	
              The
                Warrant
                Agent shall not be responsible for any failure of the Company to
                comply
                with any of the Company’s covenants contained in this Agreement or in the
                Warrant Certificates.

            

    

     

    
      	
               

            	
              (c)

            	
              The
                Warrant
                Agent may consult at any time with counsel satisfactory to it (who
                may be
                counsel for the Company) and the Warrant Agent shall incur no liability
                or
                responsibility to the Company or to any Warrant Holder in respect
                of any
                action taken, suffered or omitted by it hereunder in good
                

            

    

     

    8

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      faith
        and in accordance with the opinion or the advice of such counsel,
        provided the Warrant Agent shall have exercised reasonable care in the selection
        and continued employment of such counsel.

       

    

    
      	
               

            	
              (d)

            	
              The
                Warrant
                Agent shall incur no liability or responsibility to the Company or
                to any
                Warrant Holder for any action taken in reliance upon any notice,
                resolution, waiver, consent, order, certificate or other paper, document
                or instrument believed by it to be genuine and to have been signed,
                sent
                or presented by the proper party or
                parties.

            

    

     

    
      	
               

            	
              (e)

            	
              The
                Company
                agrees to pay to the Warrant Agent reasonable compensation for all
                services rendered by the Warrant Agent in the execution of this Agreement,
                to reimburse the Warrant Agent for all expenses, taxes and governmental
                charges and all other charges of any kind or nature incurred by the
                Warrant Agent in the execution of this Agreement and to indemnify
                the
                Warrant Agent and save it harmless against any and all liabilities,
                including judgments, costs and counsel fees, for this Agreement except
                as
                a result of the Warrant Agent’s gross negligence or bad faith or willful
                misconduct.

            

    

     

    
      	
               

            	
              (f)

            	
              The
                Warrant
                Agent shall be under no obligation to institute any action, suit
                or legal
                proceeding or to take any other action likely to involve expense
                unless
                the Company or one or more Warrant Holders shall furnish the Warrant
                Agent
                with reasonable security and indemnity for any costs and expenses
                which
                may be incurred in connection with such action, suit or legal proceeding,
                but this provision shall not affect the power of the Warrant Agent
                to take
                such action as the Warrant Agent may consider proper, whether with
                or
                without any such security or indemnity.  All rights of action
                under this Agreement or under any of the Warrants may be enforced
                by the
                Warrant Agent without the possession of any of the Warrant Certificates
                or
                the production thereof at any trial or other proceeding relative
                thereto,
                and any such action, suit or proceeding instituted by the Warrant
                Agent
                shall be brought in its name as Warrant Agent, and any recovery of
                judgment shall be for the ratable benefit of the Warrant Holders
                as their
                respective rights or interest may
                appear.

            

    

     

    
      	
               

            	
              (g)

            	
              The
                Warrant
                Agent and any shareholder, director, officer or employee of the Warrant
                Agent may buy, sell or deal in any of the Warrants or other securities
                of
                the Company or become pecuniarily interested in any transaction in
                which
                the Company may be interested, or contract with or lend money to
                the
                Company or otherwise act as fully and freely as though it were not
                Warrant
                Agent under this Agreement.  Nothing herein shall preclude the
                Warrant Agent from acting in any other capacity for the Company or
                for any
                other legal entity.

            

    

     

    
      	
               

            	
              18.

            	
              Successor
                Warrant Agent.  Any corporation into which the Warrant Agent
                may be merged or converted or with which it may be consolidated,
                or any
                corporation resulting from any merger, conversion or consolidation
                to
                which the Warrant Agent shall be a party, or any corporation succeeding
                to
                the corporate trust business of the Warrant Agent, shall be the successor
                to the Warrant Agent hereunder with the same powers, rights,
                responsibilities and obligations of the

            

    

     

    9

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Warrant
      Agent without the execution or filing of any
      paper or any further act of a party or the parties hereto.  In any
      such event or if the name of the Warrant Agent is changed, the Warrant Agent
      or
      such successor may adopt the countersignature of the original Warrant Agent
      and
      may countersign such Warrants either in the name of the predecessor Warrant
      Agent or in the name of the successor Warrant Agent.

     

    
      	
               

            	
              19.

            	
              Change
                of
                Warrant Agent.  The Warrant Agent may resign or be
                discharged by the Company from its duties under this Agreement by
                the
                Warrant Agent or the Company, as the case may be, giving notice in
                writing
                to the other, and by giving a date when such resignation or discharge
                shall take effect, which notice shall be sent at least 30 days prior
                to
                the date so specified.  If the Warrant Agent shall resign, be
                discharged or shall otherwise become incapable of acting, the Company
                shall appoint a successor to the Warrant Agent.  If the Company
                shall fail to make such appointment within a period of 30 days after
                it
                has been notified in writing of such resignation or incapacity by
                the
                resigning or incapacitated Warrant Agent or by any Warrant Holder
                or after
                discharging the Warrant Agent, then any Warrant Holder may apply
                to the
                District Court for Denver County, Colorado, for the appointment of
                a
                successor to the Warrant Agent.  Pending appointment of a
                successor to the Warrant Agent, either by the Company or such Court,
                the
                duties of the Warrant Agent shall be carried out by the
                Company.  Any successor Warrant Agent, whether appointed by the
                Company or by such Court, shall be a bank or a trust company, in
                good
                standing, organized under the laws of the State of Colorado or of
                the
                United States of America, having at the time of its appointment as
                Warrant
                Agent, a combined capital and surplus of at least _______________
                million
                dollars.  After appointment, the successor Warrant Agent shall
                be vested with the same powers, rights, duties and responsibilities
                as if
                it had been originally named as Warrant Agent without further act
                or deed
                and the former Warrant Agent shall deliver and transfer to the successor
                Warrant Agent any property at the time held by it thereunder, and
                execute
                and deliver any further assurance, conveyance, act or deed necessary
                for
                effecting the delivery or transfer.  Failure to give any notice
                provided for in the section, however, or any defect therein, shall
                not
                affect the legality or validity of the resignation or removal of
                the
                Warrant or the appointment of the successor Warrant Agent, as the
                case may
                be.

            

    

     

    
      	
               

            	
              20.

            	
              Notices.  Any
                notice or demand authorized by this Agreement to be given or made
                by the
                Warrant Agent or by any Warrant Holder to or on the Company shall
                be
                sufficiently given or made if sent by facsimile, mail, first class,
                certified or registered, postage prepaid, addressed (until another
                address
                is filed in writing by the Company with the Warrant Agent), as
                follows:

            

    

     

    To
      the
      Company:

    Healthy
      Fast Food,
      Inc.

    1075
      American
      Pacific, Suite C

    Henderson,
      NV
      89074

    Attn:  President

    Facsimile:  702-434-8572

    

    
      
        
          10    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    To
      the Warrant
      Agent:

    Computershare,
      Inc.

    350
      Indiana Street,
      Suite 800

    Golden,
      CO,
      80401

    Attn:  Corporate
      Actions

    Facsimile:  303-262-0606

    

    Any
      distribution,
      notice or demand required or authorized by this Agreement to be given or made
      by
      the Company or the Warrant Agent to or on the Warrant Holders shall be
      sufficiently given or made if sent by mail, first class, certified or
      registered, postage prepaid, addressed to the Warrant Holders at their last
      known addresses as they shall appear on the registration books for the Warrant
      Certificates maintained by the Warrant Agent.

     

    
      	
               

            	
              21.

            	
              Supplements
                and Amendments.  The Company and the Warrant Agent may from
                time to time supplement or amend this Agreement without the approval
                of
                any Warrant Holders in order to cure any ambiguity or to correct
                or
                supplement any provisions herein, or to make any other provisions
                in
                regard to matters or questions arising hereunder which the Company
                and the
                Warrant Agent may deem necessary or
                desirable.

            

    

     

    
      	
               

            	
              22.

            	
              Successors.  All
                the covenants and provisions of this Agreement by or for the benefit
                of
                the Company or the Warrant Agent shall bind and inure to the benefit
                of
                their respective successors and assigns
                hereunder.

            

    

     

    
      	
               

            	
              23.

            	
              Termination.  This
                Agreement shall terminate at the close of business on the Expiration
                Date
                or such earlier date upon which all Warrants have been exercised;
                provided, however, that if exercise of the Warrants is suspended
                pursuant
                to Section 12 and such suspension continues past the Expiration Date,
                this
                Agreement shall terminate at the close of business on the business
                day
                immediately following the expiration of such suspension.  The
                provisions of Section 17 shall survive such
                termination.

            

    

     

    
      	
               

            	
              24.

            	
              Governing
                Law.  This Agreement and each Warrant Certificate issued
                hereunder shall be deemed to be a contract made under the laws of
                the
                State of Colorado and for all purposes shall be construed in accordance
                with the laws of said State.

            

    

     

    
      	
               

            	
              25.

            	
              Benefits
                of this Agreement.  Nothing in this Agreement shall be
                construed to give any person or corporation other than the Company,
                the
                Warrant Agent or the registered holders of the Warrant Certificates
                any
                legal or equitable right, remedy or claim under this
                Agreement.

            

    

     

    
      	
               

            	
              26.

            	
              Counterparts.  This
                Agreement may be executed in any number of counterparts, each of
                such
                counterparts shall for all purposes be deemed to be an original and
                all
                such counterparts shall together constitute but one and the same
                instrument.

            

    

     

    

     

    

     

    
      	
               

            	
              [The
                remainder of page intentionally left
                blank]

            

    

     

    
      
        
          11    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      each of the parties hereto has caused this Agreement to be executed by one of
      its officers thereunto duly authorized.

     

    

    Date:  _________________________

    

    

    Healthy
      Fast Food, Inc.

    

    

    By:
      _______________________________________

    Name:

    Title:

    

    

    

    

    Computershare,
      Inc. and

    Computershare
      Trust Company, N.A.

    On
      Behalf of Both Entities:

    

    

    By:
      ________________________________________

    Name:

    Title:

    

    

    

    

     

    

    
      
        
          12    

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    

    VOID
      AFTER 5 P.M.
      MOUNTAIN TIME ON _________________, 2012

    

    CLASS
      A WARRANTS TO
      PURCHASE COMMON STOCK

    WA__________                                                                                                                                          Warrants

    

    Healthy
      Fast Food, Inc.

    

    CUSIP_____________

    

    THIS
      CERTIFIES
      THAT

    or
      registered assigns, is the registered holder of the number of Class A Warrants
      (“Warrants”) set forth above.  Each Warrant, unless and until
      redeemed by the Company as provided in the Warrant Agreement, hereinafter more
      fully described (the “Warrant Agreement”) entitles the holder thereof to
      purchase from Healthy Fast Food, Inc., a corporation incorporated under the
      laws
      of the State of Nevada (“Company”), subject to the terms and conditions
      set forth hereinafter and in the Warrant Agreement, at any time on or after
      _____________, 2007 and before the close of business on ______________, 2012
      (“Expiration Date”), one fully paid and non-assessable share of Common
      Stock of the Company (“Common Stock”) upon presentation and surrender of
      this Warrant Certificate, with the instructions for the registration and
      delivery of Common Stock filled in, at the stock transfer office in Golden,
      Colorado, of Computershare Trust Company, N.A., Warrant Agent of the Company
      (“Warrant Agent”) or of its successor warrant agent or, if there be no
      successor warrant agent, at the corporate offices of the Company, and upon
      payment of the Exercise Price (as defined in the Warrant Agreement) and any
      applicable taxes paid either in cash, or by certified or official bank check,
      payable in lawful money of the United States of America to the order of the
      Company.  Each Warrant initially entitles the holder to purchase one
      share of Common Stock for $7.20.  The number and kind of securities or
      other property for which the Warrants are exercisable are subject to adjustment
      in certain events, such as mergers, splits, stock dividends, splits and the
      like, to prevent dilution.  The Company may redeem any or all
      outstanding and unexercised Warrants by giving not less than 30 days prior
      notice at any time after the later of _____________, 2008 and the date on which
      the closing price of the Common Stock on the principal exchange or trading
      facility on which it is traded has equaled or exceeded $10.20 per share on
      each
      of five consecutive trading days.  The Redemption Price is $0.25 per
      Warrant.  All Warrants not theretofore exercised will expire on the
      Expiration Date.

    

    This
      Warrant
      Certificate is subject to all of the terms, provisions and conditions of the
      Warrant Agreement, dated as
      of                        ,
      2007, between the Company and the Warrant Agent, to all of which terms,
      provisions and conditions the registered holder of this Warrant Certificate
      consents by acceptance hereof.  The Warrant Agreement is incorporated
      herein by reference and made a part hereof and reference is made to the Warrant
      Agreement for a full description of the rights, limitations of rights,
      obligations, duties and immunities of the Warrant Agent, the Company and the
      holders of the Warrant Certificates.  Copies of the Warrant Agreement
      are available for inspection at the stock transfer office of the Warrant Agent
      or may

    
      
        
          Exhibit
            A to
            Warrant Agreement – page 1

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    be
      obtained upon written request addressed to the Company at Healthy Fast Food,
      Inc., 1075 American Pacific, Suite C, Henderson, Nevada 89074, Attention: Chief
      Financial Officer.

    

    The
      Company shall
      not be required upon the exercise of the Warrants evidenced by this Warrant
      Certificate to issue fractions of Warrants, Common Stock or other securities,
      but shall make adjustment therefor in cash on the basis of the current market
      value of any fractional interest as provided in the Warrant
      Agreement.

    

    In
      certain cases, the sale of securities by the Company upon exercise of Warrants
      would violate the securities laws of the United States, certain states thereof
      or other jurisdictions.  The Company has agreed to use all
      commercially reasonable efforts to cause a registration statement to continue
      to
      be effective during the term of the Warrants with respect to such sales under
      the Securities Act of 1933, and to take such action under the laws of various
      states as may be required to cause the sale of securities upon exercise to
      be
      lawful.  However, the Company will not be required to honor the
      exercise of Warrants if, in the opinion of the Board of Directors, upon advice
      of counsel, the sale of securities upon such exercise would be
      unlawful.  In certain cases, the Company may, but is not required to,
      purchase Warrants submitted for exercise for a cash price equal to the
      difference between the market price of the securities obtainable upon such
      exercise and the exercise price of such Warrants.  If the Warrants
      would otherwise expire while not exercisable as a result of any such
      determination by the Board of Directors, their Expiration Date will be extended
      to a date 30 days after the Warrants once again become exercisable.

    

    This
      Warrant
      Certificate, with or without other Certificates, upon surrender to the Warrant
      Agent, any successor warrant agent or, in the absence of any successor warrant
      agent, at the corporate offices of the Company, may be exchanged for another
      Warrant Certificate or Certificates evidencing in the aggregate the same number
      of Warrants as the Warrant Certificate or Certificates so
      surrendered.  If the Warrants evidenced by this Warrant Certificate
      shall be exercised in part, the holder hereof shall be entitled to receive
      upon
      surrender hereof another Warrant Certificate or Certificates evidencing the
      number of Warrants not so exercised.

    

    No
      holder of this Warrant Certificate, as such, shall be entitled to vote, receive
      dividends or be deemed the holder of Common Stock or any other securities of
      the
      Company which may at any time be issuable on the exercise hereof for any purpose
      whatever, nor shall anything contained in the Warrant Agreement or herein be
      construed to confer upon the holder of this Warrant Certificate, as such, any
      of
      the rights of a stockholder of the Company or any right to vote for the election
      of directors or upon any matter submitted to stockholders at any meeting thereof
      or give or withhold consent to any corporate action (whether upon any matter
      submitted to stockholders at any meeting thereof, or give or withhold consent
      to
      any merger, recapitalization, issuance of stock, reclassification of stock,
      change of par value or change of stock to no par value, consolidation,
      conveyance or otherwise) or to receive notice of meetings or other actions
      affecting stockholders (except as provided in the Warrant Agreement) or to
      receive dividends or subscription rights or otherwise until the Warrants
      evidenced by this Warrant Certificate shall have been exercised and the Common
      Stock purchasable upon the exercise thereof shall have become deliverable as
      provided in the Warrant Agreement.

    
      
        
          Exhibit
            A to
            Warrant Agreement – page 2

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    If
      this Warrant Certificate shall be surrendered for exercise within any period
      during which the transfer books for the Company’s Common Stock or other class of
      stock purchasable upon the exercise of the Warrants evidenced by this Warrant
      Certificate are closed for any purpose, the Company shall not be required to
      make delivery of certificates for shares purchasable upon such transfer until
      the date of the reopening of said transfer books.

    

    Every
      holder of
      this Warrant Certificate by accepting the same consents and agrees with the
      Company, the Warrant Agent, and with every other holder of a Warrant Certificate
      that:

    

    (a)           this
      Warrant Certificate is transferable on the registry books of the Warrant Agent
      only upon the terms and conditions set forth in the Warrant Agreement,
      and

    

    (b)           the
      Company and the Warrant Agent may deem and treat the person in whose name this
      Warrant Certificate is registered as the absolute owner hereof (notwithstanding
      any notation of ownership or other writing thereon made by anyone other than
      the
      Company or the Warrant Agent) for all purposes whatever and neither the Company
      nor the Warrant Agent shall be affected by any notice to the
      contrary.  The Company shall not be required to issue or deliver any
      certificate for shares of Common Stock or other securities upon the exercise
      of
      Warrants evidenced by this Warrant Certificate until any tax which may be
      payable in respect thereof by the holder of this Warrant Certificate pursuant
      to
      the Warrant Agreement shall have been paid, such tax being payable by the holder
      of this Warrant Certificate at the time of surrender.

    

    This
      Warrant
      Certificate shall not be valid or obligatory for any purpose until it shall
      have
      been countersigned by the Warrant Agent.

    

    (Remainder
      of
      page intentionally left blank; signature page follows)

    

    
      
        
           Exhibit
            A to
            Warrant Agreement – page 3

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    WITNESS
      the
      facsimile signatures of the proper officers of the Company and its corporate
      seal.

    

    Dated:______________

    

    HEALTHY
      FAST FOOD,
      INC.

    

    

    By:                                                                           

    Name:

    Title:

    

    Attest:                                                                           

    Secretary

    

    Countersigned:

    

    

    By:                                                                

    Authorized
      Officer

    

    
      
        
          Exhibit
            A to
            Warrant Agreement – page 4

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      B

    

    VOID
      AFTER 5 P.M.
      MOUNTAIN TIME ON _________________, 2012

    

    CLASS
      B WARRANTS TO
      PURCHASE COMMON STOCK

    WA__________                                                                                                                                          Warrants

    

    Healthy
      Fast Food, Inc.

    

    CUSIP_____________

    

    THIS
      CERTIFIES
      THAT

    or
      registered assigns, is the registered holder of the number of Class B Warrants
      (“Warrants”) set forth above.  Each Warrant, unless and until
      redeemed by the Company as provided in the Warrant Agreement, hereinafter more
      fully described (the “Warrant Agreement”) entitles the holder thereof to
      purchase from Healthy Fast Food, Inc., a corporation incorporated under the
      laws
      of the State of Nevada (“Company”), subject to the terms and conditions
      set forth hereinafter and in the Warrant Agreement, at any time on or after
      _____________, 2007 and before the close of business on ______________, 2012
      (“Expiration Date”), one fully paid and non-assessable share of Common
      Stock of the Company (“Common Stock”) upon presentation and surrender of
      this Warrant Certificate, with the instructions for the registration and
      delivery of Common Stock filled in, at the stock transfer office in Golden,
      Colorado, of Computershare Trust Company, N.A., Warrant Agent of the Company
      (“Warrant Agent”) or of its successor warrant agent or, if there be no
      successor warrant agent, at the corporate offices of the Company, and upon
      payment of the Exercise Price (as defined in the Warrant Agreement) and any
      applicable taxes paid either in cash, or by certified or official bank check,
      payable in lawful money of the United States of America to the order of the
      Company.  Each Warrant initially entitles the holder to purchase one
      share of Common Stock for $12.00.  The number and kind of securities
      or other property for which the Warrants are exercisable are subject to
      adjustment in certain events, such as mergers, splits, stock dividends, splits
      and the like, to prevent dilution.  The Company may redeem any or all
      outstanding and unexercised Warrants by giving not less than 30 days prior
      notice at any time after the later of _____________, 2008 and the date on which
      a total of 25 EVOS restaurants have been opened in the Company’s exclusive
      12-state territory.  The Redemption Price is $0.25 per
      Warrant.  All Warrants not theretofore exercised will expire on the
      Expiration Date.

    

    This
      Warrant
      Certificate is subject to all of the terms, provisions and conditions of the
      Warrant Agreement, dated as
      of                        ,
      2007, between the Company and the Warrant Agent, to all of which terms,
      provisions and conditions the registered holder of this Warrant Certificate
      consents by acceptance hereof.  The Warrant Agreement is incorporated
      herein by reference and made a part hereof and reference is made to the Warrant
      Agreement for a full description of the rights, limitations of rights,
      obligations, duties and immunities of the Warrant Agent, the Company and the
      holders of the Warrant Certificates.  Copies of the Warrant Agreement
      are available for inspection at the stock transfer office of the Warrant Agent
      or may be obtained upon written request addressed to the Company at Healthy
      Fast
      Food, Inc., 1075 American Pacific, Suite C, Henderson, Nevada 89074, Attention:
      Chief Financial Officer.

    
      
        
          Exhibit
            B to
            Warrant Agreement – page 1

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    The
      Company shall
      not be required upon the exercise of the Warrants evidenced by this Warrant
      Certificate to issue fractions of Warrants, Common Stock or other securities,
      but shall make adjustment therefor in cash on the basis of the current market
      value of any fractional interest as provided in the Warrant
      Agreement.

    

    In
      certain cases, the sale of securities by the Company upon exercise of Warrants
      would violate the securities laws of the United States, certain states thereof
      or other jurisdictions.  The Company has agreed to use all
      commercially reasonable efforts to cause a registration statement to continue
      to
      be effective during the term of the Warrants with respect to such sales under
      the Securities Act of 1933, and to take such action under the laws of various
      states as may be required to cause the sale of securities upon exercise to
      be
      lawful.  However, the Company will not be required to honor the
      exercise of Warrants if, in the opinion of the Board of Directors, upon advice
      of counsel, the sale of securities upon such exercise would be
      unlawful.  In certain cases, the Company may, but is not required to,
      purchase Warrants submitted for exercise for a cash price equal to the
      difference between the market price of the securities obtainable upon such
      exercise and the exercise price of such Warrants.  If the Warrants
      would otherwise expire while not exercisable as a result of any such
      determination by the Board of Directors, their Expiration Date will be extended
      to a date 30 days after the Warrants once again become exercisable.

    

    This
      Warrant
      Certificate, with or without other Certificates, upon surrender to the Warrant
      Agent, any successor warrant agent or, in the absence of any successor warrant
      agent, at the corporate offices of the Company, may be exchanged for another
      Warrant Certificate or Certificates evidencing in the aggregate the same number
      of Warrants as the Warrant Certificate or Certificates so
      surrendered.  If the Warrants evidenced by this Warrant Certificate
      shall be exercised in part, the holder hereof shall be entitled to receive
      upon
      surrender hereof another Warrant Certificate or Certificates evidencing the
      number of Warrants not so exercised.

    

    No
      holder of this Warrant Certificate, as such, shall be entitled to vote, receive
      dividends or be deemed the holder of Common Stock or any other securities of
      the
      Company which may at any time be issuable on the exercise hereof for any purpose
      whatever, nor shall anything contained in the Warrant Agreement or herein be
      construed to confer upon the holder of this Warrant Certificate, as such, any
      of
      the rights of a stockholder of the Company or any right to vote for the election
      of directors or upon any matter submitted to stockholders at any meeting thereof
      or give or withhold consent to any corporate action (whether upon any matter
      submitted to stockholders at any meeting thereof, or give or withhold consent
      to
      any merger, recapitalization, issuance of stock, reclassification of stock,
      change of par value or change of stock to no par value, consolidation,
      conveyance or otherwise) or to receive notice of meetings or other actions
      affecting stockholders (except as provided in the Warrant Agreement) or to
      receive dividends or subscription rights or otherwise until the Warrants
      evidenced by this Warrant Certificate shall have been exercised and the Common
      Stock purchasable upon the exercise thereof shall have become deliverable as
      provided in the Warrant Agreement.

    

    If
      this Warrant Certificate shall be surrendered for exercise within any period
      during which the transfer books for the Company’s Common Stock or other class of
      stock purchasable upon the exercise of the Warrants evidenced by this Warrant
      Certificate are closed for any

    
      
        
          Exhibit
            B to
            Warrant Agreement – page 2

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    purpose,
      the Company shall not be required to make delivery of certificates for shares
      purchasable upon such transfer until the date of the reopening of said transfer
      books.

    

    Every
      holder of
      this Warrant Certificate by accepting the same consents and agrees with the
      Company, the Warrant Agent, and with every other holder of a Warrant Certificate
      that:

    

    (a)           this
      Warrant Certificate is transferable on the registry books of the Warrant Agent
      only upon the terms and conditions set forth in the Warrant Agreement,
      and

    

    (b)           the
      Company and the Warrant Agent may deem and treat the person in whose name this
      Warrant Certificate is registered as the absolute owner hereof (notwithstanding
      any notation of ownership or other writing thereon made by anyone other than
      the
      Company or the Warrant Agent) for all purposes whatever and neither the Company
      nor the Warrant Agent shall be affected by any notice to the
      contrary.  The Company shall not be required to issue or deliver any
      certificate for shares of Common Stock or other securities upon the exercise
      of
      Warrants evidenced by this Warrant Certificate until any tax which may be
      payable in respect thereof by the holder of this Warrant Certificate pursuant
      to
      the Warrant Agreement shall have been paid, such tax being payable by the holder
      of this Warrant Certificate at the time of surrender.

    

    This
      Warrant
      Certificate shall not be valid or obligatory for any purpose until it shall
      have
      been countersigned by the Warrant Agent.

    

    (Remainder
      of
      page intentionally left blank; signature page follows)

    

    
      
        
          Exhibit
            B to
            Warrant Agreement – page 3

        

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    WITNESS
      the
      facsimile signatures of the proper officers of the Company and its corporate
      seal.

    

    Dated:______________

    

    HEALTHY
      FAST FOOD,
      INC.

    

    

    By:                                                                           

    Name:

    Title:

    

    Attest:                                                                           

    Secretary

    

    Countersigned:

    

    

    By:                                                                

    Authorized
      Officer

     

     

     

     

     

     

     

     

    
      Exhibit
        B to
        Warrant Agreement – page 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00130-of-00352.parquet"}]]