Document:

Exhibit
10.120

CONTRACT OF SALE

This Contract of Sale (the “Contract”)
is entered into by and between (i) DALLAS S & W, L.P., a Texas limited
partnership (“Seller”) and  RELENTLESS
PROPERTIES, LLC (“Purchaser”).

W  I  T  N  E  S  S
E  T  H :

FOR AND IN CONSIDERATION of the
promises, undertakings, and mutual covenants of the parties herein set forth,
Seller hereby agrees to sell and Purchaser hereby agrees to purchase and pay
for all that certain property hereinafter described in accordance with the
following terms and conditions:

ARTICLE I

PROPERTY

The conveyance by Seller to
Purchaser shall include the following:

(a)                                  that certain tract or parcel of land situated in
Dallas, Texas, containing approximately 2.557 acres, said tract being more
particularly described on Exhibit A attached hereto and made a part
hereof, together with all and singular the rights and appurtenances pertaining
to such property, including any right, title and interest of Seller in and to
adjacent strips or gores, streets, alleys or rights-of-way and all
rights of ingress and egress thereto (the property described in this clause is
herein referred to collectively as the “Land”);

(b)                                 the buildings and other improvements on the Land,
including specifically, without limitation, a restaurant building consisting of
approximately 12,141 square feet, and being currently operated as a “Smith
& Wollensky” restaurant, including all heating, ventilation and air
conditioning systems and equipment, carpeting, draperies and curtains (the
property described in this clause is herein referred to collectively as the “Improvements”);

(c)                                  Except for the Excluded Assets, all equipment,
furniture, fixtures, and appliances located within the Improvements (the “FF&E”).  Notwithstanding the foregoing sentence,
Seller does not sell or assign the property described on Exhibit “B” attached
hereto the (“Excluded Assets”); and

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(d)                                 all of Seller’s right, title and interest in and
to all assignable warranties and guaranties (express or implied) issued to
Seller in connection with the Improvements or the FF&E (the property
described in this clause is sometimes herein referred to collectively as the “Warranties”).

The Land, the Improvements, the
FF&E, and the Warranties are hereinafter sometimes referred to collectively
as the “Subject Property.”

ARTICLE II

PURCHASE
PRICE

The purchase price to be paid by
Purchaser to Seller for the Subject Property shall be the sum of Four Million
and No/100 Dollars ($4,000,000.00), which shall be paid in immediately
available funds at the closing.

ARTICLE III

EARNEST
MONEY

Within five business days after
the full execution of this Contract, Purchaser shall deposit the sum of Fifty Thousand
and No/100 Dollars ($50,000.00) (the “Earnest Money”) with Republic Title of
Texas, Inc., 2626 Howell Street, 10th Floor,
Dallas, Texas 75204 (Attention: Jeanne Ragland) (the “Title Company”). The
Title Company shall deposit the Earnest Money in an interest bearing account,
the earnings from which shall form a part of the Earnest Money.

In
the event that this Contract is closed, then all Earnest Money shall be applied
in partial satisfaction of the purchase price. 
In the event that this Contract is not closed, then the Earnest Money
shall be disbursed in the manner provided for elsewhere herein.  Notwithstanding the foregoing or anything to
the contrary contained elsewhere in this Contract, it is understood and agreed
that One Hundred Dollars ($100.00) of the Earnest Money shall in all events be
delivered to Seller as valuable consideration for the Inspection Period described
in Article VI hereinbelow and the execution of this Contract by Seller.

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ARTICLE IV

PRE-CLOSING OBLIGATIONS OF
SELLER

Within three business days after
effective date of the Contract, Seller shall furnish to Purchaser, at Seller’s
sole cost and expense, each of the following (collectively, the “Due Diligence
Items”):

a.                                       The most current as-built survey of the Subject
Property in Seller’s possession;

b.                                      All site plans, drawings, and plans and
specifications pertaining to the Land or Improvements in Seller’s possession;

c.                                       A list of all service contracts, warranties,
management, maintenance, or other agreements affecting the Subject Property, if
any, together with copies of same. 
Seller agrees not to enter into any additional contracts, warranties, or
agreements prior to closing which would be binding on Purchaser and which
cannot be cancelled by Purchaser upon thirty (30) days written notice without
cost, penalty, or obligation unless such service contracts or other agreements
are approved in writing by Purchaser, which approval shall not be unreasonably
withheld or delayed;

d.                                      Copies of all licenses, permits, applications,
authorizations, certificates of occupancy, governmental approvals and other
entitlements relating to the Subject Property and the operation thereof, if
any;

e.                                       All roof, environmental, hydrological,
engineering, percolation, mechanical, electrical, structural, soils and similar
reports and/or audits relating to the Subject Property in the possession of
Seller; and

f.                                         A schedule of FF&E.

Notwithstanding anything to the
contrary contained herein, Purchaser hereby agrees that, in the event Purchaser
terminates this Contract for any reason, then Purchaser shall return to Seller
all Due Diligence Items which have been delivered by Seller to Purchaser in
connection with Purchaser’s inspection of the Subject Property.  This provision shall survive the termination
of this Contract.  Seller makes no
representation or warranty as to the accuracy of the matters set forth in the
Due 

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Diligence Documents, except that such documents which
are provided to Purchaser will be faithful reproductions of such documents in
the possession of Seller.

ARTICLE V

TITLE INSPECTION PERIOD

No later than 10 days after the
date hereof, Seller shall provide to Purchaser a current commitment (the “Title
Commitment”) for the issuance of an owner’s policy of title insurance to the
Purchaser from the Title Company in the amount of the purchase price, together
with good and legible copies of all documents constituting exceptions to Seller’s
title as reflected in the Title Commitment. 
Seller shall also provide to Purchaser any updates to the Title
Commitment subsequently issued by the Title Company.    The Title Commitment shall be sufficient to
provide to Seller, upon closing, a standard Texas owner’s form of title
insurance policy (the “Title Policy”) issued by the Title Company and insuring
Purchaser in the amount of the Purchase Price that Purchaser has acquired good
and indefeasible title to the Subject Property, subject only to the Permitted
Exceptions.  The standard Texas Title
Policy shall be at the sole cost and expense of the Seller.  Purchaser shall also be entitled to request
the Title Company to provide, at Purchaser’s sole cost and expense, such other
extended coverage and endorsements (or amendments) to the Title Policy
(including the modification of the standard survey exception so that it is
limited to “shortages in area”) as Purchaser may reasonable require, so long as
such endorsements or amendments are at no cost to Seller nor impose additional
liability on Seller or delay the Closing (the endorsements herein are not a
condition precedent to Closing). 
Purchaser acknowledges and agrees that the Title Policy may be actually
delivered at a reasonable time following the closing so long as Purchaser has
received at closing a current and binding Title Commitment obligating the Title
Company to deliver the Title Policy.

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No later than twenty days after
the date hereof, Purchaser, at its sole cost and expense, shall obtain an
updated as-built survey (the “Survey”) prepared by a licensed professional
engineer or surveyor acceptable to Purchaser, which Survey shall:  (a) include a metes and bounds legal
description of the Land; (b) accurately show all improvements, encroachments
and uses and accurately show all easements and encumbrances visible or listed
on the Title Commitment (identifying each by recording reference if
applicable); (c) recite the number of square feet included within the Land and
the dimensions of the surface perimeter of all Improvements; (d) state whether
the Land (or any portion thereof) lies within a flood zone or flood prone area;
(e) state the number of parking spaces situated on the Land; (f) contain a
certificate verifying that the survey was made on the ground, that the survey
is correct, that there are no improvements, encroachments, easements, uses or
encumbrances except as shown on the survey plat, that the area represented for
the Land and the Improvements has been certified by the surveyor as being
correct and that the Land does not lie within any flood zone or flood prone
area, except as indicated thereon,  and
that the Land has access to public streets as indicated thereon; and (g)
otherwise be in form satisfactory to Purchaser.

Purchaser shall have a period of
time expiring five days after it receives the later of (i) the Survey, or (ii)
the items described in the first sentence of this Article  V above (the “Title Review Period”) to review
said items; provided, however, that such period shall expire no later than 25
days after the effective date of this Contract. 
 If the information provided
therein or any subsequent update to the Title Commitment issued by the Title
Company, reflects or discloses any defect, exception or other matter affecting
the Subject Property (“Title Defects”) that is unacceptable to Purchaser, then
prior to the expiration of the Title Review Period Purchaser shall provide
Seller with written notice of Purchaser’s objections.  Seller may, at its sole option, elect to cure
or remove the objections raised by Purchaser; provided, however, that Seller
shall have no obligation to do so.

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Should Seller elect to attempt
to cure or remove the objections, Seller shall have five days from the date of
Purchaser’s written notice of objections (the “Cure Period”) in which to notify
Purchaser that Seller intends to cure or not cure the Title Defects.  In the event Seller either (i) elects not to
cure or remove the Title Defects or fails to respond to Purchaser’s notice of
Title Defects within the Cure Period, or (ii) having elected to attempt to cure
said Title Defects, is unable to accomplish the cure prior to the closing, then
Purchaser shall be entitled, as Purchaser’s sole and exclusive remedies, either to (a) terminate this Contract by providing written
notice of termination to Seller within  five (5) days from the date on which
Purchaser receives Seller’s no-cure notice, in which case all Earnest
Money (less $100.00) shall be immediately returned to Purchaser by the Title
Company, Purchaser shall return to Seller all of the Due Diligence Items
provided by Seller, and thereafter neither Seller nor Purchaser shall have any
continuing obligations one unto the other, or
(b) waive the objections and close this transaction as otherwise contemplated
herein.  If Purchaser shall fail to
notify Seller in writing of any objections to the state of Seller’s title to
the Subject Property as shown by the Survey and Title Commitment, then
Purchaser shall be deemed to have no objections to the state of Seller’s title
to the Subject Property as shown by the Survey and Title Commitment, and any
exceptions to Seller’s title which have not been objected to by Purchaser and
which are shown on the Survey or described in the Title Commitment shall be considered
to be “Permitted Exceptions.”  If Seller
fails to respond to Purchaser’s notice of Title Defects within the Cure Period,
Seller shall be deemed to have elected not to attempt to cure said Title
Defects.  It is understood and agreed
that any Title Defects which have been objected to by Purchaser and which are
subsequently waived by Purchaser shall be Permitted Exceptions.

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ARTICLE VI

INSPECTION PERIOD

Purchaser,
at Purchaser’s sole expense, shall have the right to conduct a feasibility,
environmental, engineering and physical study of the Subject Property for a
period of time commencing on the date hereof and expiring  35 days after the effective date of this
Contract (such period is referred to herein as the “Inspection Period”).  Upon 24 hours advance notice to Seller,
Purchaser and Purchaser’s duly authorized agents or representatives shall be
permitted to enter upon the Subject Property during the Inspection Period in
order to conduct engineering studies, soil tests and any other inspections
and/or tests that Purchaser may deem necessary or advisable; provided, however,
that no drilling or other ground penetrations or physical sampling in any
building shall be done without Seller’s prior written consent.  Purchaser further agrees to indemnify and hold
Seller harmless from any claims or damages, including reasonable attorneys’
fees, resulting from Purchaser’s inspection of the Subject Property, which
indemnity shall survive the cancellation or termination of this Contract.  In the event that the review and/or
inspection conducted by this paragraph shows any fact, matter or condition to
exist with respect to the Subject Property that is unacceptable to Purchaser,
in Purchaser’s sole discretion, or if for any reason Purchaser determines that
purchase of the Subject Property is not feasible, then Purchaser shall be
entitled, as Purchaser’s sole remedy, to cancel this Contract by providing
written notice of cancellation to Seller prior to the expiration of the
Inspection Period, in which case this Contract shall be cancelled and all
Earnest Money (less $100.00) shall be immediately returned to Purchaser by the
Title Company, Purchaser shall return to Seller all of the Due Diligence Items
provided by Seller, and thereafter neither Seller nor Purchaser shall have any
continuing obligations one unto the other. 
If Purchaser fails to terminate this Contract on or prior to the
expiration of the Inspection Period, Purchaser’s right to 

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terminate the
Contract under this Article VI shall be deemed to have been waived and this
Contract shall remain in full force and effect and the Earnest Money shall
thereafter be non-refundable (but applicable to the purchase price), except for
(i) a default by Seller, or (ii) Seller’s failure to cure Title Defects in the
event Seller has agreed to attempt to cure said Title Defects as set forth in
Article V hereof.

ARTICLE VII

REPRESENTATIONS, WARRANTIES, AND COVENANTS

Seller
represents and warrants to Purchaser that on or before the date of Closing
hereunder, Seller will either pay in full or otherwise retire any indebtedness
owing to lenders or contractors payment of which is secured by a lien against
the Subject Property so that at closing Seller will be able to convey the
Subject Property to Purchaser free and clear of any such liens.

Seller covenants and agrees with
Purchaser that, from the date hereof until the closing, Seller shall not,
without the written consent of Purchaser, sell, assign, lease, or convey any
right, title, or interest whatsoever in or to the Subject Property, or create
any monetary lien, security interest, easement, encumbrance, or charge
affecting the Subject Property without promptly discharging the same prior to
closing.

Except as otherwise disclosed in
writing to Purchaser, Seller hereby further represents and warrants to
Purchaser as follows:

a.                                       From the date of execution of this Contract
through the date of closing, Seller shall continue to maintain the Subject
Property in its present condition, subject to ordinary wear, and Seller shall
not remove any fixtures, equipment, furnishings or other personal property from
the Subject Property except for those items which shall remain the property of
Seller as set forth in the attached Exhibit “B”, nor shall Seller unreasonably
neglect the Subject Property;

b.                                      Seller currently has in place the public
liability, casualty and other insurance coverage with respect to the Subject
Property. Each of such policies is in full force and effect, and all premiums
due and payable thereunder have been, and at closing will be, fully

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paid when due.  No notice of
cancellation has been received or threatened with respect thereto.  No insurance company insuring the
Improvements has delivered to Seller oral or written notice (i) that any
insurance policy now in effect would not be renewed or (ii) that Seller has
failed to comply with insurance requirements or (iii) that defects or
inadequacies exist in the Subject Property, or in any part thereof, which could
adversely affect the insurability thereof or the cost of such insurance.  At all times from the date hereof through the
date of closing, Seller shall cause to be maintained in force fire and extended
coverage insurance upon the Subject Property, and public liability insurance
with respect to damage or injury to person or property occurring on the Subject
Property in at least such amounts as are maintained by Seller on the date
hereof;

c.                                       That, at closing, there will be no unpaid bills,
claims, or liens in connection with any construction or repair of the Subject
Property;

d.                                      The Subject Property is not subject to any
outstanding agreements of sale or any options, liens, or other rights of third
parties to acquire any interest therein, except as described in this Contract;

e.                                       Except as disclosed in Title Commitment, the
Subject Property is free and clear of all mechanic’s liens, liens, mortgages or
similar financial encumbrances of any nature;

f.                                         To the best of Seller’s knowledge, there is no
action, suit, proceeding or claim presently pending in any court or before any
federal, state, county or municipal department, commission, board, bureau or
agency or other governmental instrumentality or before any arbitration tribunal
or panel, (i) affecting the Subject Property, or any portion thereof, or Seller’s
use, operation or ownership of the Subject Property, or (ii) affecting Seller’s
ability to perform its obligations under this Contract, nor, to the best
knowledge and belief of Seller, is any such action, suit, proceeding or claim
threatened;

g.                                      There are no attachments, executions, assignments
for the benefit of creditors, or voluntary or involuntary bankruptcy
proceedings, or proceedings under any debtor relief laws, pending, or to the
best of Seller’s actual knowledge, threatened against Seller or the Subject
Property;

h.                                      No condemnation, eminent domain or similar
proceedings have been instituted or, to the best of Seller’s actual knowledge,
threatened against the Subject Property;

i.                                          To the best of Seller’s knowledge, except for the
list of service contracts, warranties, management, maintenance or other
agreements to be delivered to Purchaser pursuant to Article IV hereinabove,
there are no contracts of construction, employment, management, service or
supply which would affect the Subject Property or operation of the Subject
Property after closing;

j.                                          To the best of Seller’s knowledge, Seller has not
released any hazardous substance upon the Subject Property in violation of any
Environmental Law, and neither

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Seller nor the Subject Property is subject to any pending or threatened
litigation or inquiry by any governmental authority or to any remedial action
or obligations under any Environmental Law. 
As used herein, the term “Environmental Law” will mean any law, statute,
ordinance, rule, regulation, order or determination of any governmental
authority or agency affecting the Subject Property and pertaining to health or
the environment including, but not limited to, the Comprehensive Environmental
Response, Compensation and Liability Act of 1982 and the Resource Conservation
and Recovery Act of 1986.  Prior to
Closing, Seller agrees to promptly notify Purchaser of any fact of which Seller
has knowledge which would cause this representation to become false and of any
written notice that Seller receives regarding the matters set forth in this
Section; and

k.                                       Seller is not a “foreign person” or “foreign
trust” within the meaning of the United States Foreign Investment and Real
Property Tax Act of 1980 and the Internal Revenue Code of 1986, as subsequently
amended.

All of the foregoing
representations and warranties of Seller are made both as of the date hereof
and as of the date of the closing hereunder, but shall not survive the closing
hereunder.

EXCEPT FOR SELLER’S REPRESENTATIONS AND WARRANTIES SET
FORTH HEREIN AND THE WARRANTY OF TITLE SET FORTH IN THE SPECIAL WARRANTY DEED
TO BE DELIVERED AT CLOSING, IT IS UNDERSTOOD AND AGREED THAT SELLER IS NOT
MAKING AND SPECIFICALLY DISCLAIMS ANY WARRANTIES OR REPRESENTATIONS OF ANY KIND
OR CHARACTER, EXPRESS OR IMPLIED, WITH RESPECT TO THE SUBJECT PROPERTY,
INCLUDING, BUT NOT LIMITED TO, WARRANTIES OR REPRESENTATIONS AS TO MATTERS OF
TITLE, ZONING, TAX CONSEQUENCES, PHYSICAL OR ENVIRONMENTAL CONDITIONS,
AVAILABILITY OF ACCESS, INGRESS OR EGRESS, PROFITABILITY, OPERATING HISTORY OR
PROJECTIONS WITH RESPECT TO THE SUBJECT PROPERTY, VALUATION, GOVERNMENTAL
APPROVALS, GOVERNMENTAL REGULATIONS OR ANY OTHER MATTER OR THING RELATING TO OR
AFFECTING THE SUBJECT PROPERTY, INCLUDING, WITHOUT LIMITATION, (i) THE VALUE,
CONDITION,

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MERCHANTABILITY, MARKETABILITY, PROFITABILITY,
SUITABILITY, HABITABILITY, OR FITNESS FOR A PARTICULAR USE OR PURPOSE OF THE
SUBJECT PROPERTY, OR (ii) THE MANNER OR QUALITY OF THE SUBJECT PROPERTY.  EXCEPT FOR ANY REPRESENTATION AND WARRANTY OF
SELLER EXPRESSLY SET FORTH IN THIS CONTRACT OR THE SPECIAL WARRANTY DEED,
PURCHASER HAS NOT RELIED UPON AND WILL NOT RELY UPON, EITHER DIRECTLY OR
INDIRECTLY, ANY REPRESENTATION OR WARRANTY OF SELLER OR ANY AGENT OF
SELLER.  PURCHASER REPRESENTS THAT
PURCHASER IS A KNOWLEDGEABLE PURCHASER OF REAL ESTATE AND THAT PURCHASER IS
RELYING SOLELY ON PURCHASER’S OWN EXPERTISE AND THAT OF PURCHASER’S CONSULTANTS
IN PURCHASING THE SUBJECT PROPERTY. 
PURCHASER WILL CONDUCT SUCH INSPECTIONS AND INVESTIGATIONS OF THE
SUBJECT PROPERTY AS PURCHASER DEEMS NECESSARY, INCLUDING, BUT NOT LIMITED TO,
THE PHYSICAL AND ENVIRONMENTAL CONDITIONS THEREOF, AND SHALL RELY UPON
SAME.  UPON CLOSING, PURCHASER SHALL BE
DEEMED TO HAVE RELEASED SELLER FROM AND TO HAVE ASSUMED THE RISK THAT ADVERSE
MATTERS, INCLUDING, BUT NOT LIMITED TO, ADVERSE PHYSICAL AND ENVIRONMENTAL
CONDITIONS, MAY NOT HAVE BEEN REVEALED BY PURCHASER’S INSPECTIONS AND
INVESTIGATIONS. SUBJECT TO THE REPRESENTATIONS AND WARRANTIES CONTAINED HEREIN,  PURCHASER
ACKNOWLEDGES AND AGREES THAT UPON CLOSING, SELLER SHALL SELL AND CONVEY TO
PURCHASER AND PURCHASER SHALL ACCEPT THE SUBJECT PROPERTY “AS IS, WHERE IS,”
WITH ALL FAULTS.  PURCHASER FURTHER

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ACKNOWLEDGES AND AGREES THAT THERE ARE NO ORAL
AGREEMENTS, WARRANTIES OR REPRESENTATIONS, COLLATERAL TO OR AFFECTING THE SUBJECT
PROPERTY BY SELLER, ANY AGENT OF SELLER OR ANY THIRD PARTY.  THE TERMS AND CONDITIONS OF THIS PARAGRAPH
SHALL EXPRESSLY SURVIVE THE CLOSING AND SHALL NOT MERGE WITH THE PROVISIONS OF
ANY CLOSING DOCUMENTS.  SELLER IS NOT
LIABLE OR BOUND IN ANY MANNER BY ANY ORAL OR WRITTEN STATEMENTS,
REPRESENTATIONS, OR INFORMATION PERTAINING TO THE SUBJECT PROPERTY FURNISHED BY
ANY REAL ESTATE BROKER, AGENT, EMPLOYEE, SERVANT OR OTHER PERSON, UNLESS THE
SAME ARE SPECIFICALLY SET FORTH OR REFERRED TO HEREIN.  PURCHASER FURTHER ACKNOWLEDGES AND AGREES
THAT THE PROVISIONS OF THIS PARAGRAPH WERE A MATERIAL FACTOR IN THE
DETERMINATION OF THE PURCHASE PRICE FOR THE SUBJECT PROPERTY.

ARTICLE VIII

CLOSING

The closing
hereunder shall take place at the offices of the Title Company.  The closing shall occur on the last day of
the Inspection Period.

ARTICLE IX

SELLER’S OBLIGATIONS AT CLOSING

At the closing, Seller shall do
the following:

a.                                       Deliver to Purchaser a special warranty deed
covering the Subject Property, duly signed and acknowledged by Seller, which
deed shall be in form reasonably acceptable to Purchaser for recording and
shall convey to Purchaser good and insurable fee simple title to the Land and
the Improvements free and clear of all liens, rights-of-way, easements and
other matters affecting title to the Subject Property, except for the Permitted
Exceptions.

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b.                                      Deliver to Purchaser a bill of sale, duly
executed and acknowledged by  Seller,
conveying and/or assigning to Purchaser the FF&E and the Warranties.

c.                                       Deliver such evidence or other documents that may
be reasonably required by the Title Company evidencing the status and capacity
of Seller and the authority of the person or persons who are executing the
various documents on behalf of Seller in connection with the sale of the
Subject Property.

d.                                      Deliver a non-withholding statement that
will satisfy the requirements of Section 1445 of the Internal Revenue Code so
that Purchaser is not required to withhold any portion of the purchase price
for payment to the Internal Revenue Service.

e.                                       Deliver to Purchaser all keys to all buildings
and other improvements located on the Subject Property, combinations to any
safes thereon, and security devices therein in Seller’s possession.

f.                                         Deliver to Purchaser any other documents or items
necessary or convenient in the reasonable judgment of Purchaser to carry out
the intent of the parties under this Contract.

ARTICLE X

PURCHASER’S
OBLIGATIONS AT CLOSING

At the closing, Purchaser shall:

a.                                       Deliver to Seller, in immediately available
funds, the purchase price.

b.                                      Deliver such evidence or other documents that may
be reasonably required by the Title Company evidencing the status and capacity
of Purchaser and the authority of the person or persons who are executing the
various documents on behalf of Purchaser in connection with the purchase of the
Subject Property.

c.                                       Deliver to Purchaser any other documents or items
necessary or convenient in the reasonable judgment of Seller to carry out the
intent of the parties under this Contract.

ARTICLE XI

COSTS AND ADJUSTMENTS

At closing, the following items
shall be adjusted or prorated between Seller and Purchaser:

a.                                       Seller shall pay and Purchaser shall receive a
credit of up to $3,000 for any costs incurred by Purchaser with respect to the
Survey;

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b.                                      Real estate and personal property ad valorem
taxes for the Subject Property for the current calendar year shall be prorated,
and Seller shall pay to Purchaser, as a credit against the purchase price,
Seller’s pro rata portion of such taxes. 
Seller’s pro rata portion of such taxes shall be based upon taxes
actually assessed for the current calendar year or, if for any reason such
taxes for the Subject Property have not been actually assessed, such pro ration
shall be based upon the amount of such taxes for the immediately preceding
calendar year, which proration shall be final and binding upon the parties and
shall not be further adjusted;

c.                                       Seller
shall pay for Purchaser’s owners title policy as set forth in Article V;

d.                                      Recording fees and escrow fees shall be divided
equally by Seller and Purchaser; and

e.                                       Seller
and Purchaser shall each be responsible for the fees and expenses of their
respective attorneys.

ARTICLE XII

DAMAGE OR DESTRUCTION PRIOR TO
CLOSING

In
the event that the Subject Property should be damaged by any casualty prior to
closing, then if the cost of repairing such damage, as estimated by an
architect or contractor retained pursuant to the mutual agreement of Seller and
Purchaser, is:

a.                                       Less than Two Hundred Thousand Dollars
($200,000.00), then at Purchaser’s option, either (i) Seller shall repair such
damage as promptly as is reasonably possible, restoring the damaged property at
least to its condition immediately prior to such damage; and, in the event such
repairs have not been completed prior to closing, then the closing shall
nevertheless proceed as scheduled, and Purchaser may have the Title Company
withhold from Seller the funds necessary to make such repairs until Seller has
repaired such damage pursuant to the provisions hereof, at which time such
funds shall be distributed to Seller or (ii) Purchaser may take an assignment
of Seller’s proceeds and a credit for Seller’s deductible under its applicable
insurance policy (as described in paragraph [b] below) and repair such damage;

or if said cost is:

b.                                      greater than Two Hundred Thousand Dollars
($200,000.00), then, at Purchaser’s election, Seller shall pay to Purchaser, at
closing, all insurance proceeds payable for such damage, and the sale shall be
closed without Seller’s repairing such damage but with Purchaser receiving a
credit for the amount of any deductible provided for in the applicable

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insurance policy, or, if Purchaser does not elect to accept such
insurance proceeds, then Purchaser may elect to terminate this Contract.

ARTICLE
XIII

CONDEMNATION

Seller
shall give Purchaser written notice of any condemnation or eminent domain
proceeding with respect to the Subject Property within five (5) business days
after Seller receives notice of such condemnation or eminent domain.  If prior to the closing any portion or all of
the Subject Property shall be taken or threatened to be taken by condemnation,
eminent domain or deed in lieu
thereof and such taking is material, then in such event Purchaser may cancel
this Contract by sending written notice thereof to Seller within fifteen (15)
days after Purchaser’s receipt
of written notice of such actual or threatened condemnation, eminent domain, or
other taking, in which event the Title
Company shall return the Earnest Money to Purchaser and thereupon
neither party shall have any further liability or obligations to the other
except for obligations which expressly survive the closing.  If this Contract is not so canceled then
Purchaser shall accept title to the Subject Property subject to such
condemnation, eminent domain, or taking, in which event on the closing date the
proceeds of the award or payment shall be assigned by Seller to Purchaser and
the monies theretofore received by Seller in connection with such condemnation,
eminent domain, or taking shall be paid over to Purchaser or allowed as a
credit against the purchase price hereunder.

ARTICLE XIV

POSSESSION OF PROPERTY

Possession of the Subject
Property shall be delivered to Purchaser at closing.

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ARTICLE XV

NOTICES

All
notices, demands, or other communications of any type given by the Seller to
the Purchaser, or by the Purchaser to the Seller, whether required by this
Contract or in any way related to the transaction contracted for herein, shall
be void and of no effect unless given in accordance with the provisions of this
paragraph.  All notices shall be in
writing and delivered to the person to whom the notice is directed, either in
person, by facsimile transmission, or by United States Mail, as a registered or
certified item, return receipt requested. 
All such notices shall be deemed given when received or refused by the
party to be noticed, and shall be addressed as follows:

	
  Seller:

  	
   

  	
  Dallas S&W, L.P.

  
	
   

  	
   

  	
  c/o The Smith
  & Wollensky Restaurant Group, Inc.

  
	
   

  	
   

  	
  880 Third Avenue

  
	
   

  	
   

  	
  New York, New
  York 10022

  
	
   

  	
   

  	
  Attn: Gene
  Zuriff

  
	
   

  	
   

  	
  Telephone No.:
  (212) 838-2061

  
	
   

  	
   

  	
  Facsimile No.:
  (212) 758-6028

  
	
   

  	
   

  	
   

  
	
  With Required Copy to:

  	
   

  	
  Hallett & Perrin, P.C.

  
	
   

  	
   

  	
  2001 Bryan
  Tower, Suite 3900

  
	
   

  	
   

  	
  Dallas, Texas
  75201

  
	
   

  	
   

  	
  Attn: Fielder F.
  Nelms, Esq.

  
	
   

  	
   

  	
  Telephone No.:
  (214) 922-4109

  
	
   

  	
   

  	
  Facsimile No.:
  (214) 922-4193

  
	
   

  	
   

  	
   

  
	
  Purchaser:

  	
   

  	
  Relentless Properties, LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Dallas, Texas 

  
	
   

  	
   

  	
  Telephone No.: 

  
	
   

  	
   

  	
  Facsimile No.: 

  
	
   

  	
   

  	
  Email: 

  

 

 16
 

ARTICLE XVI

REMEDIES

In the event that
Seller fails to timely comply with all conditions, covenants and obligations of
Seller hereunder, it shall be an event of default and Purchaser shall have the
option (i) to terminate this Contract by providing written notice thereof to
Seller, in which event the Earnest Money (less $100.00) shall be returned
immediately to Purchaser by the Title Company and the parties hereto shall have
no further liabilities or obligations one unto the other; (ii) to waive any
defect or requirement and close this Contract; or (iii) sue Seller for specific
performance.

In the event that Purchaser
fails to timely comply with all conditions, covenants, and obligations
Purchaser has hereunder, such failure shall be an event of default, and Seller’s
sole remedy shall be to receive the Earnest Money.  The Earnest Money is agreed upon by and
between the Seller and Purchaser as liquidated damages due to the difficulty
and inconvenience of ascertaining and measuring actual damages, and the
uncertainty thereof, and no other damages, rights, or remedies shall in any
case be collectible, enforceable, or available to the Seller other than in this
paragraph defined, and Seller shall accept the Earnest Money as Seller’s total
damages and relief.

ARTICLE XVII

ASSIGNMENT

Purchaser may not assign its rights
under this Contract to anyone other than a Permitted Assignee without first
obtaining Seller’s prior written approval. 
Purchaser may assign its rights under this Contract to a Permitted
Assignee without prior written consent of Seller.  For purposes of this Contract, a “Permitted
Assignee” shall mean any partnership, corporation, limited liability company or
other business entity owned or controlled by Purchaser.  Any assignment made by 

 17
 

Purchaser shall (a) not have the
affect of extending the Inspection Period hereunder or the closing date; (b) be
pursuant to a written assignment, a copy of which will be provided to Seller;
and (c) shall not release Purchaser from any of its obligations hereunder.

ARTICLE XVIII

MISCELLANEOUS

1.                                       This
Contract shall be construed and interpreted in accordance with the laws of the
State of Texas.  Where required for
proper interpretation, words in the singular shall include the plural; the
masculine gender shall include the neuter and the feminine, and vice
versa.  The terms “successors and assigns”
shall include the heirs, administrators, executors, successors, and assigns, as
applicable, of any party hereto.

2.                                       This Contract may not be modified or amended,
except by an agreement in writing signed by the Seller and the Purchaser.  The parties may waive any of the conditions
contained herein or any of the obligations of the other party hereunder, but
any such waiver shall be effective only if in writing and signed by the party
waiving such conditions and obligations.

3.                                       Each person executing this Contract warrants and
represents that he is fully authorized to do so.

4.                                       In the event it becomes necessary for either
party to file a suit to enforce this Contract or any provisions contained
herein, the prevailing party shall be entitled to recover, in addition to all
other remedies or damages, reasonable attorneys’ fees and costs of court
incurred in such suit.

5.                                       The descriptive headings of the several
paragraphs contained in this Contract are inserted for convenience only and shall
not control or affect the meaning or construction of any of the provisions
hereof.

 18
 

6.                                       This Contract (and the items to be furnished in
accordance herewith) constitutes the entire agreement between the parties
pertaining to the subject matter hereof and supersedes all prior and
contemporaneous agreements and understandings of the parties in connection
therewith.  No representation, warranty,
covenant, agreement, or condition not expressed in this Contract shall be
binding upon the parties hereto or shall affect or be effective to interpret,
change, or restrict the provisions of this Contract.

7.                                       This
Contract may be executed in multiple counterparts, and the counterparts
together shall constitute the single binding agreement of the parties.

8.                                       Purchaser
represents and agrees that in the event that this Agreement is not consummated,
Purchaser will promptly upon Seller’s request return to Seller all Due
Diligence Items furnished to Purchaser, whether furnished before or after the
date of this Agreement, without retaining copies thereof.

9.                                       Time
is of the essence with respect to all deadlines and time periods set forth
herein.

10.                                 For
a period of seven (7) days after the closing, Seller shall have the right to
access the Subject Property to remove the Excluded Assets from the Subject
Property.

 19
 

ARTICLE XIX

REAL ESTATE COMMISSION

Staubach
Retail Services Southwest, Ltd. (“Staubach”)represents both Seller and
Purchaser.  Provided that the sale
hereunder does in fact close, Seller shall pay a brokerage commission to of six
percent (6%) of the purchase price, which represents the total commission
payable by Seller and Purchaser with regard to this transaction. Seller
represents and warrants to Purchaser that Seller has not contacted or entered
into any agreement with any other real estate broker, agent, finder, or any
other party in connection with this transaction, and that Seller has not taken
any action which would result in any other real estate broker’s, finder’s, or
other fees or commissions being due and payable to any other party with respect
to the transaction contemplated hereby. 
Purchaser hereby represents and warrants to Seller that Purchaser has
not contracted or entered into any agreement with any real estate broker,
agent, finder, or any other party in connection with this transaction other
than Staubach, and that Purchaser has not taken any other action which would
result in any real estate broker’s, finder’s, or other fees or commissions
being due or payable to any other party with respect to the transaction
contemplated hereby, except as set forth in the second sentence above.  Seller hereby indemnifies and agrees to hold
Purchaser harmless for any fees or commissions of Staubach, as set forth in the
second sentence hereof.  Additionally,
each party hereby indemnifies and agrees to hold the other party harmless from
any loss, liability, damage, cost, or expense (including reasonable attorneys’
fees) resulting to the other party by reason of a breach of the representation
and warranty made by such party herein. 
Notwithstanding anything to the contrary contained herein, the
indemnities set forth in this Article XIX shall survive the closing.

 20
 

EXECUTED on this
the 26th day of February, 2007.

	
  

  	
  SELLER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  DALLAS S&W,  L.P.,

  a Texas limited partnership

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By: S&W of Dallas LLC,

  	
   

  
	
   

  	
   

  	
  a Delaware limited liability company,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
  By:

  	
  /s/ EUGENE
  ZURIFF

  	
   

  
	
   

  	
  Name:

  	
  Eugene Zuriff

  	
   

  
	
   

  	
  Its:

  	
  President

  	
   

  
						

 

EXECUTED on this the 24th
day of February, 2007.

	
  

  	
  PURCHASER:

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Relentless Properties, LLC

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ CHRISTIE R.
  RENIGER

  	
   

  
	
   

  	
  Name:

  	
  Christie R.
  Reniger

  	
   

  
	
   

  	
  Its:

  	
  Agent

  	
   

  
						

 

RECEIPT OF EARNEST MONEY AND ONE (1) EXECUTED
COUNTERPART OF THIS CONTRACT IS HEREBY ACKNOWLEDGED:

TITLE COMPANY:

REPUBLIC TITLE OF TEXAS, INC.

	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Its:

  	
   

  	
   

  
					

 

 21

EXHIBIT “A”

Lot 8, Block C of Greenway Addition, an addition to the
City of Dallas, Collin County, Texas, according to the plat thereof recorded in
Volume J, Page 599, Map Records, Collin County, Texas.

EXHIBIT “B”

Schedule of Excluded Assets

1.               Signage.

2.               The
intellectual property owned by Seller or The Smith & Wollensky Restaurant
Group, Inc., including, but not limited to,  (i) the name “Smith & Wollensky”, (ii) any
marks or logos. associated with the words “Smith & Wollensky”,  and (ii) such other marks, words, logos or
images that are proprietary to Seller,
The Smith & Wollensky Restaurant Group, Inc.,  or affiliates thereof.

3.               All books and records, including invoices,
purchase orders, cancelled checks and other accounting documents.

4.               Inventory of wine and liquor.

FIRST
AMENDMENT TO

CONTRACT OF SALE

This FIRST
AMENDMENT TO CONTRACT OF SALE (this “Amendment”)
is executed as of March 26, 2007, by and between DALLAS S & W, L.P., a
Texas limited partnership (“Seller”)
and RELENTLESS PROPERTIES, LLC, a Texas limited liability company (“Purchaser”).

WHEREAS, Seller
and Purchaser have executed that certain Contract of Sale dated February 26,
2007 (the “Contract”),
wherein Seller agreed to sell to Purchaser certain real and personal property
located in Dallas, Dallas County, Texas, as more particularly described
therein; and

WHEREAS, Seller
and Purchaser wish to amend the Contract as provided herein.

NOW, THEREFORE,
for and in consideration of the sum of Ten Dollars ($10.00) and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged and confessed, Seller and Purchaser hereby agree as follows:

1.     The second sentence of Article VIII is
hereby deleted in its entirety and the following is substituted in lieu
thereof: “The closing shall occur on Monday, April
2, 2007.”

2.     Except as amended hereby, the Contract remains unmodified and in
full force and effect.

3.     Capitalized terms used herein which are not
otherwise defined herein shall have the meaning ascribed to them in the
Contract.

4.     This Amendment may be executed in multiple
counterparts, each of which when taken together shall constitute one and the
same instrument. This Amendment may further be executed and delivered by
facsimile.

IN WITNESS
WHEREOF, Seller and Purchaser have executed this First Amendment to Contract of
Sale to be effective as of the date first written above.

	
  SELLER:

  	
   

  	
  PURCHASER:

  
	
   

  	
   

  	
   

  
	
  DALLAS S & W, L.P., a Texas

  	
   

  	
  RELENTLESS PROPERTIES, LLC, a

  
	
   

  	
  limited partnership

  	
   

  	
  Texas limited liability company

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
  S&W of Dallas, LLC, a Delaware

  	
   

  	
   

  
	
   

  	
   

  	
  limited liability company, its sole

  	
   

  	
  By:

  	
  /s/ CHRISTIE R RENIGER

  
	
   

  	
   

  	
  general partner

  	
   

  	
   

  	
  Christie R.
  Reniger, sole member

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ EUGENE ZURIFF

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Eugene Zuriff

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
  PresidentExhibit 10.121

AMENDMENT TO LINE OF CREDIT AGREEMENT

This AMENDMENT TO LINE OF CREDIT AGREEMENT, dated as
of March 23, 2007 (this “Agreement”) amends
that certain Line of Credit Agreement dated as of January 27, 2006, by and among
THE SMITH & WOLLENSKY RESTAURANT GROUP, INC., a Delaware corporation (the “Borrower”), DALLAS S&W LP, a Texas limited partnership
(the “Guarantor”), and MORGAN STANLEY
COMMERCIAL FINANCIAL SERVICES, INC. (formerly known as Morgan Stanley Dean
Witter Commercial Financial Services, Inc.), a Delaware corporation (the “Lender”)

W I T N E S S E T H:

WHEREAS, the Borrower, the Guarantor and the Lender
have entered into that certain Line of Credit Agreement dated as of January 27,
2006 (the “Loan Agreement”) (Capitalized
terms not defined herein are used herein as defined in the Loan Agreement.)

WHEREAS, the Borrower and the Guarantor have requested that the Lender consent
to the sale of the property located at 18438 North Dallas Parkway, Dallas,
Texas 75287 (“Trust Property”) owned by the
Guarantor, and that the Lender (i) release the Guarantor from its obligations
under the Guaranty, the Loan Agreement and the other Loan Documents and (ii) release
the Deed of Trust  from the Trust
Property;

WHEREAS,
no Advance has been made under the Loan Agreement and there is no outstanding
principal balance under the Loan Agreement or the Note as of this date; and

WHEREAS, subject to the terms and conditions of this Agreement, the Lender
is willing to permit the sale of the Trust Property and to release the
Guarantor from the Guaranty, the Loan Agreement and the other Loan Documents
and the Lender’s interest in the Trust Property.

NOW,
THEREFORE, in consideration of the premises and the agreements hereinafter
contained, the parties hereto agree as follows:

1.               Advances;
Replacement Collateral.  It shall be
a condition to any Advance under the Loan Agreement that the Borrower shall
have granted the Lender additional collateral in place of the Trust Property in
form and having a value acceptable to the Lender in its sole discretion.  The Lender’s interest in such collateral
shall be granted pursuant to an agreement or agreements, and such other
documentation as shall be acceptable to the Lender in its sole discretion.

2.               Release of
Guarantor.   Effective on the date on
which all of conditions set forth in paragraph 3 below have occurred, the
Lender releases the Guarantor as a Loan Party under the Loan Agreement and
terminates the Guaranty.  Notwithstanding
the foregoing, the Environmental Guaranty shall survive the release of the Deed
of Trust, and by signing this Agreement where indicated below, the Guarantor
confirms that the terms and provisions of the Environmental Guaranty shall
survive the release of the Deed of Trust and shall remain in full force and effect.

3.               Conditions.  This Agreement shall not be effective until
the Lender shall have received counterparts of this Agreement duly executed by
the Borrower, plus all reasonable fees and expenses of the Lender, including,
without limitation, the reasonable legal fees and expenses incurred by the
Lender in connection with the preparation, negotiation, execution and delivery
and review of this Agreement.

4.               Full
Force and Effect.  Except as
expressly modified by this Agreement, all of the terms and conditions of the
Loan Agreement shall continue in full force and effect, and all parties hereto
shall be entitled to the benefits thereof. 
This Agreement is limited as written and shall not be deemed (a) to be
an amendment of or a consent under or waiver of any other term or condition of

the Loan Agreement, or (b) to prejudice any right or
rights which the Lender now has or may have in the future under or in
connection with the Loan Agreement or the other Loan Documents.

 2
 

IN WITNESS WHEREOF, the Lender, the
Borrower and the Guarantor have executed this Agreement as of the day and year
first above written.

	
  

  	
  THE SMITH & WOLLENSKY RESTAURANT GROUP INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ EUGENE ZURIFF

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:    
  President

  

 

	
  STATE OF NEW YORK

  	
  )

  	
   

  
	
   

  	
  ss.:

  	
   

  
	
  COUNTY OF NEW
  YORK

  	
  )

  	
   

  

 

On the 27th day of March
in the year 2007 before me, the undersigned, a Notary Public in and for said
State, personally appeared Eugene Zuriff, personally known to me or proved to
me on the basis of satisfactory evidence to be the individual whose name is
subscribed to the within instrument and acknowledged to me that he executed the
same in his capacity, and that by his signature on the instrument, the individual,
or the person upon behalf of which the individual acted, executed the
instrument.

	
  

  	
  /s/ MARIA A.
  CHANG

  	
   

  
	
  

  	
  Notary Public

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  DALLAS S&W, L.P.

  
	
   

  	
  By: S&W of Dallas LLC, general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: The Smith
  and Wollensky Restaurant Group, Inc., Sole

  Member

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ EUGENE ZURIFF

  	
   

  
	
   

  	
   

  	
  Name:

  
	
   

  	
   

  	
  Title:

  
				

 

	
  STATE OF NEW YORK

  	
  )

  	
   

  
	
   

  	
  ss.:

  	
   

  
	
  COUNTY OF NEW
  YORK

  	
  )

  	
   

  

 

On the 27th day of March in
the year 2007 before me, the undersigned, a Notary Public in and for said
State, personally appeared Eugene Zuriff, personally known to me or proved to
me on the basis of satisfactory evidence to be the individual whose name is
subscribed to the within instrument and acknowledged to me that he executed the
same in his capacity, and that by his signature on the instrument, the
individual, or the person upon behalf of which the individual acted, executed
the instrument.

	
   

  	
  /s/ MARIA A.
  CHANG

  	
   

  
	
  

  	
  Notary Public

  	
   

  

 3
 

 

	
  

  	
  MORGAN STANLEY COMMERCIAL

  
	
   

  	
    FINANCIAL
  SERVICES, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ BRIAN TWOMEY

  	
   

  	
   

  
	
   

  	
   

  	
  Name:  Brian Twomey

  	
   

  	
   

  
	
   

  	
   

  	
  Title:    Vice President

  	
   

  	
   

  

 

 4

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