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dated as of
August 31, 2007
among
P.F. CHANG’S CHINA BISTRO, INC.
The Lenders Party Hereto
and
JPMORGAN CHASE BANK, N.A.
as Administrative Agent
BANK OF AMERICA, N.A.
as Syndication Agent
and
WELLS FARGO BANK, NATIONAL ASSOCIATION
as Documentation Agent
JP MORGAN SECURITIES INC.
as Sole Bookrunner and Sole Lead Arranger
Page | ||||||
ARTICLE I Definitions | 1 | |||||
Section 1.01 | Defined Terms | 1 | ||||
Section 1.02 | Classification of Loans and Borrowings | 15 | ||||
Section 1.03 | Terms Generally | 15 | ||||
Section 1.04 | Accounting Terms; GAAP | 16 | ||||
ARTICLE II The Credits | 16 | |||||
Section 2.01 | Revolving Loan Commitments | 16 | ||||
Section 2.02 | Loans and Borrowings | 16 | ||||
Section 2.03 | Requests for Revolving Borrowings | 17 | ||||
Section 2.04 | [Intentionally left blank] | 17 | ||||
Section 2.05 | Swingline Loans | 17 | ||||
Section 2.06 | Letters of Credit | 19 | ||||
Section 2.07 | Funding of Borrowings | 22 | ||||
Section 2.08 | Interest Elections | 23 | ||||
Section 2.09 | Termination, Reduction and Increase of Revolving Loan Commitments | 24 | ||||
Section 2.10 | Repayment of Loans; Evidence of Debt | 25 | ||||
Section 2.11 | Prepayment of Loans | 26 | ||||
Section 2.12 | Fees | 26 | ||||
Section 2.13 | Interest | 27 | ||||
Section 2.14 | Alternate Rate of Interest | 28 | ||||
Section 2.15 | Increased Costs | 29 | ||||
Section 2.16 | Break Funding Payments | 30 | ||||
Section 2.17 | Taxes | 30 | ||||
Section 2.18 | Payments Generally; Pro Rata Treatment; Sharing of Set-offs | 33 | ||||
Section 2.19 | Mitigation Obligations; Replacement of Lenders | 33 | ||||
ARTICLE III Representations and Warranties | 34 | |||||
Section 3.01 | Organization; Powers | 34 | ||||
Section 3.02 | Authorization; Enforceability | 34 | ||||
Section 3.03 | Governmental Approvals; No Conflicts | 34 |
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(continued)
Page | ||||||
Section 3.04 | Financial Condition; No Material Adverse Change | 35 | ||||
Section 3.05 | Properties | 35 | ||||
Section 3.06 | Litigation and Environmental Matters | 35 | ||||
Section 3.07 | Compliance with Laws and Agreements | 36 | ||||
Section 3.08 | Investment and Holding Company Status | 36 | ||||
Section 3.09 | Taxes | 36 | ||||
Section 3.10 | ERISA | 36 | ||||
Section 3.11 | Disclosure | 36 | ||||
Section 3.12 | Subsidiaries | 36 | ||||
Section 3.13 | Operating Facilities | 37 | ||||
Section 3.14 | Regulation U | 37 | ||||
Section 3.15 | Anti-Terrorism | 37 | ||||
Section 3.16 | Labor Disputes | 37 | ||||
ARTICLE IV Conditions | 37 | |||||
Section 4.01 | Effective Date | 37 | ||||
Section 4.02 | Each Credit Event | 39 | ||||
ARTICLE V Affirmative Covenants | 39 | |||||
Section 5.01 | Financial Statements; Ratings Change and Other Information | 39 | ||||
Section 5.02 | Notices of Material Events | 41 | ||||
Section 5.03 | Existence; Conduct of Business | 41 | ||||
Section 5.04 | Payment of Obligations | 41 | ||||
Section 5.05 | Maintenance of Properties; Insurance | 41 | ||||
Section 5.06 | Books and Records; Inspection Rights | 41 | ||||
Section 5.07 | Compliance with Laws | 42 | ||||
Section 5.08 | Use of Proceeds and Letters of Credit | 42 | ||||
Section 5.09 | Security Documents | 42 | ||||
Section 5.10 | Continuing Guarantees | 42 | ||||
Section 5.11 | Information Regarding Operating Facilities | 43 | ||||
Section 5.12 | Leases | 43 | ||||
ARTICLE VI Negative Covenants | 43 |
ii
(continued)
Page | ||||||
Section 6.01 | Indebtedness | 43 | ||||
Section 6.02 | Liens | 44 | ||||
Section 6.03 | Fundamental Changes | 44 | ||||
Section 6.04 | Investments, Loans, Advances, Guarantees and Acquisitions | 45 | ||||
Section 6.05 | Swap Agreements | 45 | ||||
Section 6.06 | Restricted Payments | 45 | ||||
Section 6.07 | Transactions with Affiliates | 46 | ||||
Section 6.08 | Restrictive Agreements | 46 | ||||
Section 6.09 | Financial Covenants | 46 | ||||
Section 6.10 | Negative Pledge | 46 | ||||
Section 6.11 | Amendments to Operating/Partnership Agreements | 47 | ||||
Section 6.12 | 47 | |||||
Section 6.13 | 47 | |||||
ARTICLE VII Events of Default | 47 | |||||
ARTICLE VIII The Administrative Agent | 50 | |||||
ARTICLE IX Miscellaneous | 51 | |||||
Section 9.01 | Notices | 52 | ||||
Section 9.02 | Waivers; Amendments | 53 | ||||
Section 9.03 | Expenses; Indemnity; Damage Waiver | 53 | ||||
Section 9.04 | Successors and Assigns | 55 | ||||
Section 9.05 | Survival | 58 | ||||
Section 9.06 | Counterparts; Integration; Effectiveness | 58 | ||||
Section 9.07 | Severability | 59 | ||||
Section 9.08 | Right of Setoff | 59 | ||||
Section 9.09 | Governing Law; Jurisdiction; Consent to Service of Process | 59 | ||||
Section 9.10 | WAIVER OF JURY TRIAL | 60 | ||||
Section 9.11 | Headings | 60 | ||||
Section 9.12 | Confidentiality | 60 | ||||
Section 9.13 | USA Patriot Act | 61 |
iii
(continued)
Page | ||
SCHEDULES: | ||
Schedule 2.01 — Commitments | ||
Schedule 3.06 — Disclosed Matters | ||
Schedule 3.12 — Subsidiaries | ||
Schedule 3.13 — Operating Facilities | ||
Schedule 6.01 — Existing Indebtedness | ||
Schedule 6.02 — Existing Liens | ||
Schedule 6.08 — Existing Restrictions | ||
EXHIBITS: | ||
Exhibit “A” — Form of Assignment and Assumption | ||
Exhibit “B” — Form of Note | ||
Exhibit “C” — Form of Borrowing Request/Interest Election Request | ||
Exhibit “D” — Form of Compliance Certificate | ||
Exhibit “E” — Form of Security Agreement | ||
Exhibit “F” — Form of Continuing Guarantee |
iv
ABR | Eurodollar | Facility Fee | ||||||||||
Leverage Ratio | spread | spread | rate | |||||||||
Leverage Ratio I | 0.0 | % | 0.40 | % | 0.08 | % | ||||||
Leverage Ratio II | 0.0 | % | 0.50 | % | 0.10 | % | ||||||
Leverage Ratio III | 0.0 | % | 0.625 | % | 0.125 | % | ||||||
Leverage Ratio IV | 0.0 | % | 0.75 | % | 0.15 | % | ||||||
Leverage Ratio V | 0.0 | % | 0.875 | % | 0.175 | % |
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Scottsdale, Arizona 85255
Attention: Mr. Mark Mumford
Telecopy No.: (480) 888-3007
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201 North Central Avenue
21st Floor
Phoenix, Arizona 85004
Attn: Commercial Banking Group, AZ1-1178
Telecopy No.: (602) 221-1502
201 North Central Avenue
21st Floor
Phoenix, Arizona 85004
Attn: Commercial Banking Group, AZ1-1178
Telecopy No.: (602) 221-1502
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P.F. CHANG’S CHINA BISTRO, INC., | ||||
a Delaware corporation | ||||
By: | /s/ Richard L. Federico | |||
Name: | Richard L. Federico | |||
Title: | Chairman and Chief Executive Officer | |||
JPMORGAN CHASE BANK, N.A., | ||||
a national banking association, | ||||
as a Lender and as Administrative Agent | ||||
By: | /s/ Steven J. Krakoski | |||
Name: | Steven J. Krakoski | |||
Title: | Senior Vice President | |||
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BANK OF AMERICA, N.A., a national banking | ||||
association, as a Lender and as Syndication Agent | ||||
By: | /s/ Angelo Maragos | |||
Name: | Angelo Maragos | |||
Title: | Vice President | |||
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WELLS FARGO BANK, N.A., | ||||
a national banking association, | ||||
as a Lender and as Documentation Agent | ||||
By: | /s/ J. Nicholas Cole | |||
Name: | J. Nicholas Cole | |||
Title: | Managing Director | |||
By: | /s/ Stephen A. Leon | |||
Name: | Stephen A. Leon | |||
Title: | Managing Director | |||
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U.S. BANK NATIONAL ASSOCIATION, | ||||
a national banking association, as a Lender | ||||
By: | /s/ Jacob Payne | |||
Name: | Jacob Payne | |||
Title: | Vice President | |||
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FIFTH THIRD BANK, | ||||
a national banking association, as a Lender | ||||
By: | /s/ Gary S. Losey | |||
Name: | Gary S. Losey | |||
Title: | Vice President | |||
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Commitments | ||||||
Revolving Credit | ||||||
Lenders | Exposure | |||||
August 31, 2007 | ||||||
1. | JPMorgan Chase Bank, N.A., as Administrative Agent 201 North Central Avenue 21st Floor Phoenix, Arizona 85004 Attn: Commercial Banking Group, AZ1-1178 | $ | 40,000,000.00 | |||
2. | Bank of America, N.A., as Syndication Agent | $ | 30,000,000.00 | |||
3. | Wells Fargo Bank, N.A., as Documentation Agent | $ | 30,000,000.00 | |||
4. | U.S. Bank National Association | $ | 25,000,000.00 | |||
5. | Fifth Third Bank | $ | 25,000,000.00 | |||
Total Commitments | $ | 150,000,000.00 | ||||
Maximum Aggregate Commitments | $ | 150,000,000.00 |
Borrower | ||||||||
Name | Entity and State | Ownership % | ||||||
of P.F. Chang’s China Bistro, Inc. | ||||||||
A.Guarantors | ||||||||
1. | PEI WEI ASIAN DINER, INC. | a Delaware corporation | 100 | % | ||||
2. | PFCCB ADMINISTRATION, INC. | a Delaware corporation | 100 | % | ||||
3. | PFCCB Shared Corporate Services, Inc. | an Arizona corporation | 100 | % | ||||
4. | PFCCB Gift Card, Inc. | an Arizona corporation | 100 | % | ||||
5. | PFCCB Pinnacle Peak LLC | an Arizona limited liability company | 100 | % | ||||
6. | PFCCB Equipment, LLC | a Delaware limited liability company | 100 | % | ||||
7. | PFCCB Licensing, Inc. | a Delaware corporation | 100 | % | ||||
8. | PFCCB Retail, Inc. | a Delaware corporation | 100 | % | ||||
B.Non-Guarantors | ||||||||
PWAD Southwest, Inc. | a Texas corporation | 100 | % | |||||
TANEKO JAPANESE TAVERN, INC. | a Delaware corporation | 94 | % | |||||
PFCCB 2005 Partnership LLP | an Arizona limited liability partnership | 90.58 | % | |||||
PFCCB 2006 Partnership LLP | an Arizona limited liability partnership | 93.77 | % | |||||
Lucky Cat Assistance Fund, Inc. | a Delaware nonprofit corporation | N/A | ||||||
PFC Building III Limited Partnership | an Arizona limited partnership | 6.78 | % | |||||
PFCCB NUCA LLC | an Arizona limited liability company | 99.11 | % |
Borrower | ||||||||
Name | Entity and State | Ownership % | ||||||
PFCCB NUCA (2003) LLC | an Arizona limited liability company | 88.39 | % | |||||
PFCCB Mid-Atlantic LLC | an Arizona limited liability company | 93.82 | % | |||||
PFCCB Southeastern LLC | an Arizona limited liability company | 95.40 | % | |||||
PFCCB Southeastern (2003) LLC | an Arizona limited liability company | 87.42 | % | |||||
PFCCB SO CAL LLC | an Arizona limited liability company | 97.06 | % | |||||
PFCCB SO CAL II LLC | an Arizona limited liability company | 91.39 | % | |||||
PFCCB SO CAL (2003) LLC | an Arizona limited liability company | 92.14 | % | |||||
PFCCB LouTex Joint Venture LLP | an Arizona limited liability partnership | 99.37 | % | |||||
PFCCB Florida Joint Venture LLP | an Arizona limited liability partnership | 95.64 | % | |||||
PFCCB NewTex Joint Venture LLP | an Arizona limited liability partnership | 88.95 | % | |||||
PFCCB Midwest LLC | an Arizona limited liability company | 96.68 | % | |||||
PFCCB Midwest (2003) LLC | an Arizona limited liability company | 92.92 | % | |||||
PFCCB Northwest LLC | an Arizona limited liability company | 95.97 | % | |||||
PFCCB Northwest (2004) LLC | an Arizona limited liability company | 90.16 | % | |||||
PFCCB Halpern LLC | an Arizona limited liability company | 99.21 | % | |||||
PFCCB Marlton LLC | a Delaware limited liability company | 99 | % |
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Borrower | ||||||||
Name | Entity and State | Ownership % | ||||||
PFCCB Edgewater LLC | a Delaware limited liability company | 99 | % | |||||
PFCCB Wichita LLC | a Kansas limited liability company | 100 | % | |||||
P.F.C.C.B. Club-Frankford, Inc. | a Texas non-profit corporation | N/A | ||||||
P.F.C.C.B. Texas, Inc. | a Texas corporation (Wholly-owned by PFCCB Licensing, Inc.) | None | ||||||
PFCCB Arkansas, Inc. | an Arkansas non-profit corporation | N/A | ||||||
PFCCB Rogers, Inc. | an Arkansas non-profit corporation | N/A | ||||||
PFC Hawaii LLC | a Hawaii limited liability company | 1 | % | |||||
P.F. Chang’s III, L.L.C. | an Arizona limited liability company | 97.50 | % | |||||
of Pei Wei Asian Diner Inc. | ||||||||
Pei Wei Asian Diner One LLC | an Arizona limited liability company | 90.32 | % | |||||
Pei Wei Asian Diner Two (Dallas) LLC | an Arizona limited liability company | 94.48 | % | |||||
Pei Wei Asian Diner Three (SO CAL) LLC | an Arizona limited liability company | 87.20 | % | |||||
Pei Wei Asian Diner Four (Houston) LLP | an Arizona limited liability partnership | 90 | % | |||||
Pei Wei Asian Diner Five (Denver) LLC | an Arizona limited liability company | 90 | % | |||||
Pei Wei Asian Diner Six (Nevada) LLC | an Arizona limited liability company | 97.68 | % | |||||
Pei Wei Asian Diner Seven (Central Texas) LLP | an Arizona limited liability partnership | 90 | % |
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Borrower | ||||||||
Name | Entity and State | Ownership % | ||||||
Pei Wei Asian Diner Nine (DC) LLC | an Arizona limited liability company | 94.66 | % | |||||
Pei Wei Asian Diner Ten (Florida) LLC | an Arizona limited liability company | 90 | % | |||||
Pei Wei Asian Diner Eleven (Minnesota) LLC | an Arizona limited liability company | 90 | % | |||||
Pei Wei Asian Diner Fourteen (North Carolina) LLC | an Arizona limited liability company | 100 | % | |||||
Pei Wei Asian Diner Fifteen (Michigan), LLC | an Arizona limited liability company | 90 | % | |||||
Pei-the-Wei, Inc. | a Texas corporation | 100 | % | |||||
PWAD Texas, Inc. | a Texas corporation | 100 | % | |||||
The Arbors Club, Inc. | a Texas non-profit corporation | N/A | ||||||
PWAD-Preston Center Club, Inc. | a Texas non-profit corporation | N/A | ||||||
PWAD Forest Lane Club, Inc. | a Texas non-profit corporation | N/A | ||||||
Pei Wei Houston, Inc. | a Texas corporation | 100 | % | |||||
PWAD Olathe LLC | a Kansas limited liability company | 100 | % | |||||
PWAD Overland Park LLC | a Kansas limited liability company | 100 | % |
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STORE LIST*
(AS OF AUGUST 16, 2007)
740 South Mill Avenue | 8315 S. Park Meadow Center Drive | |
Tempe, AZ 85281 | Littleton, CO 80124 | |
8888 SW 136th Street, Suite T100 | 17355 Biscayne Boulevard | |
Miami, FL 33176 | Miami, FL 33160 | |
3301 Veterans Memorial Boulevard | 4165 Paradise Road | |
Metairie, LA 70002 | Las Vegas, NV 89109 | |
6809-F Phillips Place Court | 1716 M International Drive | |
Charlotte, NC 28210 | McLean, VA 22102 | |
2041 Rosecrans Avenue | 1415 15th Street | |
El Segundo, CA 90245 | Denver, CO 80202 | |
500 Ashwood Parkway | 233 Summit Boulevard | |
Atlanta, GA 30338 | Birmingham, AL 35243 | |
1819 Lake Cook Road | 2801 W. Big Beaver, 1st Level D-112 | |
Northbrook, IL 60062 | Troy, MI 48084 | |
8500 Beverly Boulevard, #117 and 119 | 8 Park Plaza | |
Los Angeles, CA 90048 | Boston, MA 02116 | |
436 North Orlando Avenue | 1504 Old Country Road | |
Winter Park, FL 32789 | Westbury, NY 11590 | |
4325 Glenwood Avenue, Space 225B | 390 Hackensack Ave., Suite 50 | |
Raleigh, NC 27612 | Hackensack, NJ 07601 | |
7132 East Greenway Parkway | 326 Wilshire Boulevard | |
Phoenix, AZ 85254 | Santa Monica, CA 90401 | |
1205 Broadway Plaza | 174 West 300 South | |
Walnut Creek, CA 94596 | Salt Lake City, UT 84101 |
1095 South Rampart Boulevard | 4040 Townsfair Way | |
Las Vegas, NV 89128 | Columbus, OH 43219 | |
2340 Mansell Road | 102 West 47th Street | |
Alpharetta, GA 30022 | Kansas City, MO 64112 | |
11301 Rockville Pike, #1-4.1 and 1-4.2 | 530 North Wabash | |
North Bethesda, MD 20895 | Chicago, IL 60606 | |
3333 Buford Drive, Bldg. 4, #VA-03 | 1805 East River Road, Suite 101 | |
Buford, GA 30519 | Tucson, AZ 85718 | |
1181 Ridgeway Road | 7077 Friars Road | |
Memphis, TN 38119 | San Diego, CA 92108 | |
21821 Oxnard Street | 2361 Fountain Square Drive | |
Woodland Hills, CA 91367 | Lombard, IL 60148 | |
125 Westchester Avenue, Space D315 | 61 Fortune Drive | |
White Plains, NY 10601 | Irvine, CA 92718 | |
1145 Newport Center Drive | 1 West Flat Iron Circle, Unit 500, Bldg. 5 | |
Newport Beach, CA 92660 | Broomfield, CO 80021 | |
2525 West End | 2633 Edmonson Road | |
Nashville, TN 37203 | Norwood, OH 45209 | |
1180 Galleria Boulevard | 25101 Chagrin Boulevard | |
Roseville, CA 95678 | Beachwood, OH 44122 | |
49 West Maryland Street, Suite 226 | 3667 Las Vegas Boulevard South | |
Indianapolis, IN 46204 | Las Vegas, NV 89109 | |
27000 Crown Valley Parkway | 525 Bellevue Square | |
Mission Viejo, CA 92691 | Bellevue, WA 98004 | |
8601 Keystone Crossing | 10300 Little Patuxent Parkway | |
Indianapolis, IN 46240 | Columbia, MD 21044 | |
1400 Glades Road, Bay 220 | 3255 West Chandler Boulevard | |
Boca Raton, FL 33431 | Chandler, AZ 85266 | |
390 West El Camino Real | 148 West Bridge Street | |
Sunnyvale, CA 94087 | West Homestead, PA 15120 |
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260 East Colorado Boulevard, Suite 201 | 2700 Southdale Center | |
Pasadena, CA 91109 | Edina, MN 55435 | |
71800 Highway 111, Suite C104 | 500 Route 73 South, Space G1 | |
Rancho Mirage, CA 92270 | Marlton, NJ 08053 | |
15301 Ventura Boulevard, Suite P-22 | 10840 Tamiami Trail | |
Sherman Oaks, CA 91403 | Naples, FL 34108 | |
180 El Camino Real | 439 Cool Springs Boulevard | |
Palo Alto, CA 94304 | Franklin, TN 37067 | |
575 East University Parkway | 2500 North Mayfair Road | |
Orem, UT 84097 | Wauwatosa, WI 53226 | |
6741 Kingston Pike Knoxville, TN 37919 | 10150 California Street Omaha, NE 68114 | |
3101 PGA Boulevard, Suite F142 | 4551 Virginia Beach Boulevard | |
Palm Beach Gardens, FL 33410 | Virginia Beach, VA 23462 | |
4200 Conroy Road, Space A144 | 2425 Lake Lansing Road | |
Orlando, FL 32839 | Lansing, MI 48912 | |
1295 Chesterfield Parkway East | 16170 North 83rd Avenue | |
Chesterfield, MO 63017 | Peoria, AZ 85382 | |
4440 The 25 Way, NE | 5180 Kietzke Lane | |
Albuquerque, NM 87107 | Reno, NV 89509 | |
219 Westshore Plaza | 6135 Parkcenter Circle | |
Tampa, FL 33609 | Dublin, OH 43017 | |
1725 Briargate Parkway | 17905 Haggerty Road | |
Colorado Springs, CO 80920 | Northville Township, MI 48167 | |
9212 Stony Point | 4250 Fairfax Corner Avenue | |
Richmond, VA 23235 | Fairfax, VA 22030 | |
1139 NW Couch Street | 340 South Pine Avenue | |
Portland, OR 97209 | Long Beach, CA 90801 | |
820 Eastview Mall | 6801 Fayetteville Road | |
Victor, NY 14564 | Durham, NC 27713 |
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1530 J Street, Suite 100 | 983 Baltimore Pike | |
Sacramento, CA 95814 | Glen Mills, PA 19342 | |
98 South Second Street | 101 South Green Valley Parkway | |
San Jose, CA 95113 | Henderson, NV 89012 | |
12071 Elm Creek Boulevard | 9435 Civic Center Boulevard | |
Maple Grove, MN 55369 | West Chester, OH 45069 | |
400 Pine Street, Suite 136 | 1401 Waterfront Parkway | |
Seattle, WA 98101 | Wichita, KS 67206 | |
201 East Magnolia Boulevard, Suite 281 | 5633 Bay Street | |
Burbank, CA 91502 | Emeryville, CA 94608 | |
110 South Jordan Creek Parkway | 19320 NW Emma Way | |
West Des Moines, IA 50266 | Hillsboro, OR 97124 | |
10 Port Imperial Boulevard | 3000 184th Street, Suite 912 | |
West New York, NJ 07093 | Lynnwood, WA 98037 | |
7210 W. Alameda Avenue | 2801 N. Pacific Avenue, Suite 101 | |
Lakewood, CO 80226 | Atlantic City, NJ 08401 | |
13700 N. Pennsylvania Avenue | 7870 Monticello Avenue | |
Oklahoma City, OK 73134 | Rancho Cucamonga, CA 91739 | |
10281 Midtown Parkway, Suite 137 | 7341 Corporate Boulevard | |
Jacksonville, FL 32246 | Baton Rouge, LA 70809 | |
317 S. Shackleford Road | 25 The Boulevard Saint Louis | |
Little Rock, AR 72211 | Richmond Heights, MO 63117 | |
925 Blossom Hill Road, Suite 1515 | 6610 E. Superstition Springs Blvd. | |
San Jose, CA 95123 | Mesa, AZ 85206 | |
2250 E. Thousand Oaks Blvd. | 7463SW Bridgeport Road | |
Thousand Oaks, CA 91362 | Tigard, OR 97224 | |
9120 Shelbyville Road | 5 Woodfield Mall, Space D313 | |
Hurstbourne, KY 40222 | Schaumburg, IL 60173 | |
391 S. 8th Street | 7135 E. Camelback Road | |
Boise, ID 83702 | Scottsdale, AZ 85251 |
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5915 Sky Pond Drive | 7894 N. Blackstone Avenue | |
Loveland, CO 80538 | Fresno, CA 93720 | |
23902 E. Prospect Avenue | 2626 Miamisburg-Centerville Road | |
Aurora, CO 80016 | Dayton, OH 45459 | |
2237 Deming Way | 4540 La Jolla Village Drive | |
Middleton, WI 52562 | San Diego, CA 92121 | |
901 S. Miami Avenue, Suite 104 | 1127 Woodruff Road | |
Miami, FL 33131 | Greenville, SC 29607 | |
3338 W. Friendly Avenue | 901 N. Glebe Road | |
Greensboro, NC 27410 | Arlington, VA 22203 | |
3525 Carson Street | 3545 US Route 1 | |
Torrance, CA 90503 | Princeton, NJ 08540 | |
43316 Christy Street | 10700 Stockdale Highway | |
Fremont, CA 94538 | Bakersfield, CA 93309 | |
801 W. Main | 2203 S. Promenade, Suite 13100 | |
Spokane, WA 99201 | Rogers, AR 72758 | |
2418 East Sunrise Blvd. | 2015 Birch Road, Suite 1401 | |
Ft. Lauderdale, FL 33304 | Chula Vista, CA 91915 | |
2110 Hamilton Place Blvd. | 1624 Cumberland Mall, Suite LS108 | |
Chattanooga, TN 37421 | Atlanta, GA 30339 | |
14135 S. LaGrange Road | 3475 Tyler Street | |
Orland Park, IL 60462 | Riverside, CA 92503 | |
3405 Nicholasville Road | 1330 Stoneridge Mall Road | |
Lexington, KY 40503 | Pleasanton, CA 94588 | |
600 E. Pratt Street, Suite 101 | 124 Coburg Road | |
Baltimore, MD 21202 | Eugene, OR 97401 | |
800 Boylston Street | 10081 Gulf Center Drive | |
Boston, MA 02199 | Ft. Myers, FL 33913 | |
10325 Perimeter Parkway | ||
Charlotte, NC 28216 |
* | All facilities are leased restaurant locations. |
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STORE LIST*
(AS OF AUGUST 16, 2007)
8787 N. Scottsdale Road, Suites 214/216 | 20851 N. Scottsdale Road, Suite 3 | |
Scottsdale, AZ 85258 | Scottsdale, AZ 85255 | |
1085 West Queen Creek Road, Suite 1 | 32607 N. Scottsdale Road, Suite 107 | |
Chandler, AZ 85248 | Scottsdale, AZ 85262 | |
5781 Alton Parkway | 845 E. University Blvd., Suite 135 | |
Irvine, CA 92618 | Tucson, AZ 85719 | |
1560A Leucadia Boulevard | 14835 East Shea Boulevard, Suite 100 | |
Encinitas, CA 92024 | Fountain Hills, AZ 85268 | |
1084 South Gilbert Road, Suite 601 | 742 East Glendale, Suite 110 | |
Gilbert, AZ 85296 | Phoenix, AZ 85020 | |
9352 S. Colorado Boulevard, Suite G-1 | 20022 North 67th Avenue, Suite 100 | |
Highlands Ranch, CO 80126 | Glendale, AZ 85308 | |
1302 Bison Avenue | 4340 East Indian School Road, Suite 23 | |
Newport Beach, CA 92660 | Phoenix, AZ 85018 | |
7131 West Ray Road | 18204 Preston Road, Suite E-1 | |
Chandler, AZ 85226 | Dallas, TX 75252 | |
3412 Hebron Parkway, Suite 100 | 5900 Overton Ridge Blvd., Suite 130 | |
Carrollton, TX 75010 | Fort Worth, TX 76132 | |
19075 I.H. 45 South, Suite 480 | 5110 Buffalo Speedway, Suite 100 | |
Shenandoah, TX 77385 | Houston, TX 77005 | |
7600 N. MacArthur Blvd., Suite 105 | 4133 East Cooper Street, Suite 307 | |
Irving, TX 75063 | Arlington, TX 76015 | |
3001 Knox Street, Suite 100 | 16101 Kensington Drive | |
Dallas, TX 75205 | Sugar Land, TX 77479 | |
1311 West Sunset Road | 24250 Valencia Boulevard | |
Henderson, NV 89014 | Santa Clarita, CA 91355 | |
5203 FM 1960 West, Suite E | 200 Quebec Street, Bldg. 100, Suite 115 | |
Houston, TX 77069 | Denver, CO 80230 |
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8305 Westchester Drive | 1582 East Southlake Boulevard | |
Dallas, TX 75225 | Southlake, TX 76092 | |
713 Hebron Parkway, Suite 200 | 1008 W. McDermott Drive, Suite A | |
Lewisville, TX 75057 | Allen, TX 75013 | |
3455 East Foothill Boulevard | 2777 Pacific Coast Highway | |
Pasadena, CA 91107 | Torrance, CA 90505 | |
11700 Preston Road, Suite A | 2201 Louisiana Boulevard NE, Suite G | |
Dallas, TX 75230 | Albuquerque, NM 87110 | |
5285 E. Broadway Boulevard, Suite 151 | 1028 East 2100 South, Suite 3 | |
Tucson, AZ 85711 | Salt Lake City, UT 84106 | |
5954 South Yale Avenue | 3426 E. Baseline Road, Suite 121 | |
Tulsa, OK 74135 | Mesa, AZ 85204 | |
7148 N. Academy Boulevard | 702 Kingwood Drive | |
Colorado Springs, CO 80920 | Kingwood, TX 77339 | |
1590 Mason Road, Suite A | 12901 N. I-35 Service Rd., Bldg. 15, Suite 1540 | |
Katy, TX 77450 | Austin, TX 78753 | |
4801 Beltline Road | 1005 Waugh Street, Suite A | |
Addison, TX 75254 | Houston, TX 77019 | |
10341 Fairway Drive, Suite 130 | 1841 Belle Isle Boulevard | |
Roseville, CA 95678 | Oklahoma City, OK 73118 | |
1802 N. Loop, 1604 East | 19411 – A Gulf Freeway | |
San Antonio, TX 78232 | Webster, TX 77598 | |
14255 Colfax Drive | 1000 East 41st Street | |
Lakewood, CO 80401 | Austin, TX 78751 | |
12020 FM 1960 West Houston, TX 77065 | 4200 South Lamar Blvd. Austin, TX 78704 | |
10373 South State Street | 11267 Huebner Road | |
Sandy, UT 84070 | San Antonio, TX 78230 | |
8220 Haven Avenue, Suite 100 | 4517 Weston Road | |
Rancho Cucamonga, CA 91730 | Weston, FL 33331 |
-7-
101 Creekside Crossing, Suite 1800 | 1141 East 2nd Street, Suite 100-A | |
Brentwood, TN 37027 | Edmond, OK 73034 | |
10830 W. Charleston Blvd., Suite 110 | 8300 Tamarack Village #102 | |
Las Vegas, NV 89135 | Woodbury, MN 55125 | |
3011 E. Colonial Dr., Suite B | 1825 Guadalupe, Suite F-112 | |
Orlando, FL 32803 | Tempe, AZ 85283 | |
10575 S. Eastern Ave., Suite 100 | 633 W. Ina Road | |
Henderson, NV 89052 | Tucson, AZ 85718 | |
12561 Castlemoor Drive | 6302 York Road | |
Eden Prairie, MN 55344 | Baltimore, MD 21212 | |
13855 Conlan Circle, Suite J | 14008 Memorial Drive, Suite A | |
Charlotte, NC | Houston, TX 77079 | |
980A University Drive East #4 | 10251 Little Brier Creek Lane, Suite 112 | |
College Station, TX 77840 | Raleigh, NC 27617 | |
601 West 15th Street, Suite 101 | 7621 Edinger Road, #102 | |
Plano, TX 75075 | Huntington Beach, CA 92647 | |
6478 Dobbin Center Way, Suite A | 1750 N. Congress Ave., #700 | |
Columbia, MD 21045 | Boynton Beach, FL 33426 | |
2222 Mckinney Ave., Suite 100 | 267 East Bell Road, Suite 1 | |
Dallas, TX 75201 | Phoenix, AZ 85022 | |
3095 White Bear Ave., N | 4170 Lavon Drive | |
Maplewood, MN 55109 | Garland, TX 75040 | |
23632 El Toro Road | 2600 West 7th Street, Suite 101 | |
Lake Forest, CA 92630 | Fort Worth, TX 76107 | |
1680 Union Ave., Suite 109 | 10610 Forest Hill Blvd., Bay 10 | |
Memphis, TN 38104 | Wellington, FL 33414 | |
10420 Coors Bypass NW, Suite 1B | 4609 West Kenosha Street | |
Albuquerque, NM 87114 | Broken Arrow, OK 74012 | |
4408 Falls of Neuse Road | 1255 East First Ave., Suite A | |
Raleigh, NC 27619 | Broomfield, CO 80020 |
-8-
15141 West 119th | 11398 Bandera Road, Suite 101 | |
Olathe, KS 66062 | San Antonio, TX 78250 | |
4210 82nd Street, Suite 230 | 2603 39th Ave., #D212 | |
Lubbock, TX 79423 | St. Anthony, MN 55421 | |
4461 Market Commons Dr. | 9222 Metcalf Ave. | |
Fairfax, VA 22033 | Overland Park, KS 66212 | |
1413 South Voss Road, Suite A | 1107 Walnut Street | |
Houston, TX 77057 | Cary, NC 27511 | |
3000 South Central Expressway | 11430 Olive Blvd. | |
McKinney, TX 75070 | Creve Coeur, MO 63141 | |
1675 29th Street, Suite 1284 | 205 North University Ave. | |
Boulder, CO 80301 | Little Rock, AR 72205 | |
1619 N. Dysart Road, Suite 101 | 8412 Preston Road, Suite 400 | |
Avondale, AZ 85323 | Plano, TX 75024 | |
2100 N. Collins Street, Suite 120 | 7500 North Mesa Street, Suite 101 | |
Arlington, TX 76011 | El Paso, TX 79912 | |
3535 South Peoria | 71 North 500 West, Suite A | |
Tulsa, OK 74105 | West Bountiful, UT 84010 | |
1911 Medical Center Parkway, Suite A | 10562 Craftsman Way, Suite 9A | |
Murfreesboro, TN 37129 | San Diego, CA 92127 | |
13429 North Highway 183 | 8885 Ladue Road, Suite 1 | |
Austin, TX 78750 | Ladue, MO 63124 | |
8305 Westchester Drive | 7175 West Lake Mead Blvd., Suite 130 | |
Dallas, TX 75225 | Las Vegas, NV 89128 | |
4300A West Waco Drive, Suite 1 | 7571 Sawmill Road | |
Waco, TX 76710 | Dublin, OH 43017 | |
3521 North Freeway Blvd., Suite 100 | 522 North Pine Island Road | |
Sacramento, CA 95834 | Plantation, FL 33324 | |
3350 South Soncy, Suite 194 | 12927 N. Dale Mabry Hwy | |
Amarillo, TX 79124 | Tampa, FL 33618 |
-9-
4 Chapel View Blvd. | 1931 South Loop 288, Suite 130 | |
Cranston, RI 02920 | Denton, TX 76205 | |
528A East Market Street | 2101 S.E. Federal Highway | |
Leesburg, VA 20176 | Stuart, FL 34994 | |
701 W. McDowell Road, Suite 101 | 2338 Woodland Crossing Drive, Suite A | |
Phoenix, AZ 85003 | Herndon, VA 20171 | |
2257 N. Germantown Pkwy., Suite 110 | 7620 W. Denton Highway #632 | |
Memphis, TN 38016 | Watauga, TX 76148 | |
2695 Park Avenue | 430 West Loop 1604 North, Suite 101 | |
Tustin, CA 92782 | San Antonio, TX 78251 | |
31367 Orchard Lake Road | 3050 Dowlen Road Suite N | |
Farmington Hills, MI 48334 | Beaumont, TX 77706 |
* | All facilities are leased restaurant locations. |
-10-
STORE LIST*
Scottsdale, AZ 85253
* | All facilities are leased restaurant locations. |
-11-
PEAK, LLC**
Scottsdale, AZ 85255
** | Facility is the corporate headquarters, owned by PFCCB Pinnacle Peak, LLC. |
-12-
PEAK, LLC**
Scottsdale, AZ 85255
** | Facility is the corporate headquarters, owned by PFCCB Pinnacle Peak, LLC. |
-13-
1. | Reference is hereby made to Schedule 3.06. | |
2. | Indebtedness arising from the Borrower’s repurchase of up to $50 Million of the Borrower’s outstanding common stock. | |
3. | Promissory notes totaling approximately $11,194,000.00, payable to minority owners under partnership agreements with the Borrower and Subsidiaries’ regional managers, certain general managers, and certain executive chefs. | |
4. | Any Borrower or Subsidiary restaurant leases. | |
5. | Promissory notes totaling approximately $975,000 related to various liquor licenses. |
TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PFCCBI | Winthrop Resources Corporation | UCC-1 filed 10/1/01; File No. 11264931 UCC-3 Amendment filed 5/21/02; File No. 21469158 (to add collateral) UCC-3 Amendment filed 7/10/02; File No. 21904709 (to restate collateral) | All accounts, chattel paper, instruments, general intangibles and rights to payment of every kind; notice of true lease | Expires 10/1/06 | ||||
PFCCBI | Information Leasing Corporation (by assignment from Computer Sales International, Inc.) | UCC-1 filed 11/13/01; File No. 11663454 UCC-3 Assignment filed 5/9/02; File No. 21345341 | Computer equipment | Expires 11/13/06 | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 1/22/02; File No. 20370159 | Computer equipment | Expires 1/22/07 | ||||
PFCCBI | Winthrop Resources Corporation | UCC-1 filed 2/11/02; File No. 20594071 | Computer equipment | Expires 2/11/07 | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 3/7/02; File No. 20779391 | Computer equipment | Expires 3/7/07 |
TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PFCCBI | Winthrop Resources Corporation | UCC-1 filed 4/24/02; File No. 21188659 | Computer equipment | Expires 4/24/07 | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 6/22/02; File No. 21787500 UCC-3 Amendment filed 2/3/03; File No. 30556889 | Computer equipment | Expires 6/22/07 | ||||
PFCCBI | GE Capital Franchise Finance Corporation, Successor by Merger to FFCA Acquisition Corporation | UCC-1 filed 9/5/02; File No. 22244428 | All right title and interest to Standard Form of Agreement between Owner and Architect dated 9/18/95, between Debtor and Jeff Looker Architects and all amendments and modifications and Standard Form of Agreement between Owner and General Contractor dated 4/23/96 between Debtor and Breslin Builders and all amendments and modifications and all plans, specifications, drawings, permits, licenses, agreements, approvals and consents relating to construction of restaurant (Las Vegas) | Expires 9/5/07 |
-2-
TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PFCCBI | Banc of America Leasing & Capital, LLC (by assignment from Computer Sales International, Inc.) | UCC-1 filed 10/22/02; File No. 22763468 UCC-3 Amendment filed 4/28/03; File No. 31243669 UCC-3 Assignment filed 6/23/03; File No. 31580334 | Computer equipment | Expires 10/22/07 | ||||
PFCCBI | Information Leasing Corporation (by assignment from Comtech Capital, L.L.C.) | UCC-1 filed 3/11/03; File No. 30582745 UCC-3 Assignment filed 5/30/03; File No. 31373037 | CCTV System | Expires 3/11/08 | ||||
PFCCBI | Information Leasing Corporation (by assignment from Comtech Capital, L.L.C.) | UCC-1 filed 3/11/03; File No. 30583032 UCC-3 Assignment filed 5/30/03; File No. 31373144 | CCTV System | Expires 3/11/08 | ||||
PFCCBI | Information Leasing Corporation (by assignment from Comtech Capital, L.L.C.) | UCC-1 filed 3/11/03; File No. 30583289 UCC-3 Assignment filed 5/30/03; File No. 31373326 | CCTV System | Expires 3/11/08 | ||||
PFCCBI | Information Leasing Corporation (by assignment from Comtech Capital, L.L.C.) | UCC-1 filed 3/11/03; File No. 30583461 UCC-3 Assignment filed 5/30/03; File No. 31373383 | CCTV System | Expires 3/11/08 |
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TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PFCCBI | Banc of America Leasing & Capital, LLC (by assignment from Computer Sales International, Inc.) | UCC-1 filed 2/26/03; File No. 30672520 UCC-3 Assignment filed 9/26/03; File No. 32500000 | Computer equipment | Expires 2/26/08 | ||||
PFCCBI | Winthrop Resources Corporation | UCC-1 filed 3/11/03; File No. 30734833 | Computer equipment | Expires 3/11/08 | ||||
PFCCBI | Bank of America Leasing & Capital, LLC (by assignment from Computer Sales International, Inc.) | UCC-1 filed 6/18/03; File No. 31849499 UCC-3 Assignment filed 1/23/04; File No. 40420721 | Computer equipment | Expires 6/18/08 | ||||
PFCCBI | Bank of America Leasing & Capital, LLC (by assignment from Computer Sales International, Inc.) | UCC-1 filed 10/09/03; File No. 31849549 UCC-3 Assignment filed 1/23/04; File No. 32634551 | Computer equipment | Expires 6/18/08 | ||||
PFCCBI | Bank of America Leasing & Capital, LLC (by assignment from Computer Sales International, Inc.) | UCC-1 filed 9/04/03; File No. 32465436 UCC-3 Assignment filed 9/21/04; File No. 42639047 | Computer equipment | Expires 9/4/08 | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 9/30/03; File No. 32626714 UCC-3 Amendment filed 5/20/04; File No. 41562869 | Computer equipment | Expires 9/30/08 |
-4-
TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 1/9/04; File No. 40290041 | Computer equipment | Expires 1/9/09 | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 2/17/04; File No. 40553364 UCC-3 Amendment filed 9/2/04; File No. 42526236 | Computer equipment | Expires 2/17/09 | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 3/30/04; File No. 40992299 | Computer equipment | Expires 3/30/09 | ||||
PFCCBI | Computer Sales International, Inc. (by assignment from Bank of America Leasing & Capital, LLC) | UCC-1 filed 4/26/04; File No. 41336751 UCC-3 Assignment filed 6/4/04; File No. 41696428 | Filed “In Lieu of Continuation” for the following UCCs: 6/21/00 001122715 (AZ Secy of State) 6/21/00 000470786 (Maricopa County) | Expires 4/26/09 | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 5/17/04; File No. 41547902 | Computer equipment | Expires 5/17/09 | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 9/2/04; File No. 42546333 | Computer equipment | Expires 9/2/09 |
-5-
TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PFCCBI | CSI Leasing, Inc. (by assignment from Computer Sales International, Inc.) | UCC-1 filed 9/29/04; File No. 42734186 UCC-3 Assignment filed 7/8/05; File No. 52097666 UCC-3 Amendment filed 7/11/05; File No. 52225176 | Computer equipment | Expires 9/29/09 | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 1/21/05; File No. 50260944 | Computer equipment | Expires 1/21/10 | ||||
PFCCBI | CSI Leasing, Inc. (by assignment from Computer Sales International, Inc.) | UCC-1 filed 2/04/05; File No. 50391095 UCC-3 Assignment filed 8/23/05; File No. 52616481 UCC-3 Amendment filed 8/26/05; File No. 52727114 | Computer equipment | Expires 2/4/10 | ||||
PFCCBI | Computer Sales International, Inc. | UCC-1 filed 2/18/05; File No. 50657719 | Computer equipment | Expires 2/18/10 | ||||
PFCCBI | Goldberg Realty Consulting, Inc. | UCC-1 filed 4/25/05; File No. 51264440 | All of Debtor’s right, title and interest in 100% of the membership interests in PFCCB Edgewater LLC, a Delaware LLC, and all proceeds, dividends and distributions thereof or therefrom. | Expires 4/25/10 |
-6-
TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 6/16/05; File No. 51857367 UCC-3 Amendment filed 1/17/06; File No. 60162016 | Computer equipment | Expires 6/16/10 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 9/20/05; File No. 52974393 | Computer equipment | Expires 9/20/10 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 9/20/05; File No. 52974419 | Computer equipment | Expires 9/20/10 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 9/20/05; File No. 53127512 UCC-3 Amendment filed 6/12/06; File No. 61987536 | Computer equipment | Expires 9/20/10 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 2/06/06; File No. 60439463 UCC-3 Amendment filed 8/23/06; File No. 62942779 | Computer equipment | Expires 2/6/11 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 2/06/06; File No. 60441600 | Computer equipment | Expires 2/6/11 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 2/08/06; File No. 60474833 | Computer equipment | Expires 2/8/11 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 3/14/06; File No. 60861096 | Computer equipment | Expires 3/14/11 |
-7-
TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 5/19/06; File No. 61706407 | Computer equipment | Expires 5/19/11 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 6/14/06; File No. 62029999; UCC-3 Amendment filed 2/07/07; File No. 70488840 | Computer equipment | Expires 6/14/11 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 7/6/06; File No. 62323830 | Computer equipment | Expires 7/6/11 | ||||
PFCCBSCS | JPMorgan Chase Bank, N.A. | UCC-1 filed 8/7/06; File No. 200614316333 | All accounts, chattel paper, documents, equipment, farm products, fixtures, general intangibles, instruments, inventory, investment property, pledged deposits and other collateral | Expires 8/7/11 | ||||
PFCCBGC | JPMorgan Chase Bank, N.A. | UCC-1 filed 8/7/06; File No. 200614316344 | All accounts, chattel paper, documents, equipment, farm products, fixtures, general intangibles, instruments, inventory, investment property, pledged deposits and other collateral | Expires 8/7/11 |
-8-
TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PFCCBPP | JPMorgan Chase Bank, N.A. | UCC-1 filed 8/7/06; File No. 200614316355 | All accounts, chattel paper, documents, equipment, farm products, fixtures, general intangibles, instruments, inventory, investment property, pledged deposits and other collateral | Expires 8/7/11 | ||||
PFCCBI | JPMorgan Chase Bank, N.A. | UCC-1 filed 8/9/06; File No. 62830164 | All accounts, chattel paper, documents, equipment, farm products, fixtures, general intangibles, instruments, inventory, investment property, pledged deposits and other collateral | Expires 8/9/11 | ||||
PWADI | JPMorgan Chase Bank, N.A. | UCC-1 filed 8/9/06; File No. 62847648 | All accounts, chattel paper, documents, equipment, farm products, fixtures, general intangibles, instruments, inventory, investment property, pledged deposits and other collateral | Expires 8/9/11 | ||||
PFCCBA | JPMorgan Chase Bank, N.A. | UCC-1 filed 8/9/06; File No. 62852143 | All accounts, chattel paper, documents, equipment, farm products, fixtures, general intangibles, instruments, inventory, investment property, pledged deposits and other collateral | Expires 8/9/11 |
-9-
TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PFCCBE | JPMorgan Chase Bank, N.A. | UCC-1 filed 8/9/06; File No. 62850246 | All accounts, chattel paper, documents, equipment, farm products, fixtures, general intangibles, instruments, inventory, investment property, pledged deposits and other collateral | Expires 8/9/11 | ||||
PFCCBL | JPMorgan Chase Bank, N.A. | UCC-1 filed 8/10/06; File No. 62855880 | All accounts, chattel paper, documents, equipment, farm products, fixtures, general intangibles, instruments, inventory, investment property, pledged deposits and other collateral | Expires 8/10/11 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 9/21/06; File No. 63266947 | Computer equipment | Expires 9/21/11 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 10/18/06; File No. 63620457 UCC-3 Amendment filed 5/11/07; File No. 71789048 | Computer equipment | Expires 10/18/11 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 11/6/06; File No. 63864618 | Computer equipment | Expires 11/6/11 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 1/29/07; File No. 70358837 | Computer equipment | Expires 1/29/12 |
-10-
TYPE/FILE NUMBER & | EXPIRATION | |||||||
DEBTOR | SECURED PARTY | DATE | COLLATERAL | DATE | ||||
PWADI | CSI Leasing, Inc. | UCC-1 filed 4/25/07; File No. 71554285 | All property now or hereafter placed in the Leased Premises at 540 South Mendenhall, Suite 9, Memphis, Tennessee 38117 | Expires 4/5/12 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 5/23/07; File No. 71951218 | Computer equipment | Expires 5/23/12 | ||||
PFCCBI | CSI Leasing, Inc. | UCC-1 filed 6/11/07; File No. 72188000 | Computer equipment | Expires 6/11/12 |
PWADI = Pei Wei Asian Diner, Inc.
PFCCBA = PFCCB Administration, Inc.
PFCCBSCS = PFCCB Shared Corporate Services, Inc.
PFCCBGC = PFCCB Gift Card, Inc.
PFCCBPP = PFCCB Pinnacle Peak, LLC
PFCCBE = PFCCB Equipment, LLC
PFCCBL = PFCCB Licensing, Inc.
-11-
FORM OF ASSIGNMENT AND ASSUMPTION
1. Assignor: | ||
2. Assignee: | ||
[and is an Affiliate/Approved Fund of [identify Lender]1] | ||
3. Borrower: | P.F. Chang’s China Bistro, Inc., a Delaware corporation | |
4. Administrative Agent: | JPMorgan Chase Bank, N.A., a national banking association, as the administrative agent under the Credit Agreement |
1 | Select as applicable. |
5. Credit Agreement: | The Credit Agreement dated as of _____ among P.F. Chang’s China Bistro, Inc., a Delaware corporation, the Lenders parties thereto, JPMorgan Chase Bank, N.A., a national banking association, as Administrative Agent, and the other agents parties thereto] | |
6. Assigned Interest: |
Aggregate Amount of | Amount of | Percentage Assigned | ||||||||||
Commitment/Loans | Commitment/Loans | of | ||||||||||
Facility Assigned2 | for all Lenders | Assigned | Commitment/Loans3 | |||||||||
$ | $ | % | ||||||||||
$ | $ | % | ||||||||||
$ | $ | % |
ASSIGNOR | ||||
[NAME OF ASSIGNOR] | ||||
By: | ||||
Name: | ||||
Title: | ||||
ASSIGNEE | ||||
[NAME OF ASSIGNEE] | ||||
By: | ||||
Name: | ||||
Title: | ||||
2 | Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment. | |
3 | Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. |
-2-
banking association, as Administrative Agent
By: | ||||
Name: | ||||
Title: | ||||
a Delaware corporation
By: | ||||
Name: | ||||
Title: | ||||
-3-
ASSIGNMENT AND ASSUMPTION
1 | Describe Credit Agreement at option of Administrative Agent. | |
2 | The term “Loan Document” should be conformed to that used in the Credit Agreement. | |
3 | The concept of “Foreign Lender” should be conformed to the section in the Credit Agreement governing withholding taxes and gross-up. |
-2-
(Revolving Loans)
P.F. CHANG’S CHINA BISTRO, INC., | ||||
a Delaware corporation | ||||
By: | ||||
Name: | ||||
Title: | ||||
TO
NOTE OF P.F. CHANG’S CHINA BISTRO, INC.
DATED , 2007
Principal | Maturity of | Principal | ||||||
Date | Amount of Loan | Interest Period | Amount Paid | Unpaid Balance | ||||
FORM OF BORROWING REQUEST/INTEREST ELECTION REQUEST
201 North Central Avenue, 21st Floor
Phoenix, Arizona 85004
Attention: Commercial Banking AZ1-1178
Fax No.: (602) 221-1502
A. | Loan1 | |||||
B. | Type of Advance2 | |||||
C. | Date of Advance3 | |||||
D. | Principal Amount of Advance4 | |||||
E. | Interest Period and last day thereof5 | |||||
F. | Location and number of Borrower’s account for disbursement | |||||
1 | Revolving Loan Advance. | |
2 | Adjusted LIBO Rate Advance or Alternate Base Rate Advance. | |
3 | Must be a Business Day. | |
4 | Each Adjusted LIBO Rate Advance shall be a principal amount which is an integral multiple of $500,000.00 and not less than $1,000,000.00. | |
5 | Which shall be subject to the definition of “Interest Period” and end not later than the Revolving Loan Maturity Date. |
G. | Interest Election Request | |||||
Date of Original Advance and Amount | ||||||
Effective Date of Election3 | ||||||
Type2 | ||||||
Interest Period and Last day thereof5 | ||||||
P.F. CHANG’S CHINA BISTRO, INC., | ||||
a Delaware corporation | ||||
By: | ||||
Name: | ||||
Title: | ||||
-2-
To: | The Administrative Agent and the Lenders under the Credit Agreement described below |
P.F. CHANG’S CHINA BISTRO, INC., as Borrower | ||||
By: | ||||
Name: | ||||
Title: | ||||
-2-
of P.F. Chang’s China Bistro, Inc.
as of (Compliance Date)
I. | FINANCIAL COVENANTS(Section 6.09 of the Credit Agreement). |
A. | LEVERAGE RATIO(Section 6.09(a) of the Credit Agreement). |
(1 | ) | Total Indebtedness as of the Compliance Date: | (000’s) | |||||||
(a) | obligations for borrowed money: | $ | ||||||||
(b) | obligations evidenced by bonds, debentures, notes or similar instruments: | $ | ||||||||
(c) | obligations upon which interest customarily paid: | $ | ||||||||
(d) | conditional sale/title retention agreements if liability per GAAP: | $ | ||||||||
(e) | deferred purchase price (excluding current accounts payable and other accrued liabilities and contingent payments) if liability per GAAP | $ | ||||||||
(f) | secured Indebtedness: | $ | ||||||||
(g) | Guarantees: | $ | ||||||||
(h) | Capital Lease Obligations and other Lease Obligations: | $ | ||||||||
(i) | obligations in respect of bankers’ acceptances: | $ | ||||||||
(j) | obligations as account party in respect of letters of credit and letters of guaranty: | $ | ||||||||
(k) | Net Mark-to-Market Exposure: | $ | ||||||||
(l) | Other: | $ | ||||||||
(m) | Indebtedness (Sum of (a) — (l)): | $ | ||||||||
(2 | ) | EBITDA for the four fiscal quarters most recently ended: | ($000’s) | |||||||
(a) | Net Income for such period: | $ | ||||||||
(b) | amounts deducted in the computation thereof for (i) Interest Expense, (ii) Federal, state and local income taxes and (iii) depreciation and amortization: | + $ |
(c) | non-cash charges resulting from adoption of FASB 123 if required to be recorded as expense: | + $ | ||||||||
(d) | other non-recurring expenses reducing Net Income which do not represent a cash item: | + $ | ||||||||
(e) | Federal, state, local and foreign income tax credits | - $ | ||||||||
(f) | all non-cash items increasing Net Income | - $ | ||||||||
(g) | EBITDA (Sum of Line A(2)(a) through Line A(2)(f)): | = $ | ||||||||
(3 | ) | Leverage Ratio (Ratio of Line A(1)(m) to Line A(2)(g): | to 1.00 | |||||||
(4 | ) | Maximum Total Leverage Ratio for any fiscal quarter: | 2.50 to 1.00 |
B. | MINIMUM FIXED CHARGE COVERAGE RATIO(Section 6.09.02 of the Credit Agreement). |
(1 | ) | EBITDAR for the four fiscal quarters most recently ended: | ($000’s) | |||||||
(a) | EBITDA (Line A(2)(g): | $ | ||||||||
(b) | Maintenance Capital Expenditures: | - $ | ||||||||
(c) | Rental Expense: | + $ | ||||||||
(d) | minority interest expense: | + $ | ||||||||
(e) | imputed partner bonus expense: | + $ | ||||||||
(f) | EBITDAR (Sum of Line B(1)(a) through Line B(1)(e)): | = $ | ||||||||
(2 | ) | Fixed Charges for the four fiscal quarters most recently ended: | ($000’s) | |||||||
(a) | Interest Expense: | + $ | ||||||||
(b) | Rental Expense (Line B(1)(c)): | + $ | ||||||||
(c) | expense for taxes: | + $ | ||||||||
(d) | required repayment of principal of Indebtedness: | $ |
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(e) | distributions to minority partners: | + $ | ||||||||
(f) | Fixed Charges (Sum of Line B(2)(a) through Line B(2)(e)): | = $ | ||||||||
(3 | ) | Fixed Charge Coverage Ratio (Ratio of Line B(1)(f) to Line B(2)(f)): | ____ to 1.00 | |||||||
(4 | ) | Minimum Fixed Charge Coverage Ratio for any fiscal quarter: | 1.25 to 1.00 |
II. | OTHER MISCELLANEOUS PROVISIONS. | |
A. | INDEBTEDNESS(Section 6.01 of the Credit Agreement). |
(1 | ) | Indebtedness to finance the acquisition of personal property (Maximum: $3,000,000): | $ | |||||||
(2 | ) | unsecured Indebtedness to finance the acquisition of partnership interests (Maximum: $20,000,000): | $ | |||||||
(3 | ) | other unsecured Indebtedness permitted by Section 6.01 (Maximum: $3,000,000): | $ |
B. | INVESTMENTS, LOANS, ADVANCES, GUARANTEES AND ACQUISITIONS. (Section 6.04 of the Credit Agreement). |
(1 | ) | Permitted Acquisitions (Maximum: $50,000,000 cash and/or non-cash in 12 month period and $125,000,000 cash and $200,000,000 cash and/or non-cash during the term of the Agreement): | $ |
C. | RESTRICTED PAYMENTS. (Section 6.06 of the Credit Agreement). |
(1 | ) | Purchases of Equity Interests in the Borrower (Maximum: $100,000,000): | $ |
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FORM OF PLEDGE AND SECURITY AGREEMENT
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, | ||||
By: | ||||
Name: | ||||
Title: | ||||
JPMORGAN CHASE BANK, N.A., | ||||
as Administrative Agent | ||||
By: | ||||
Name: | ||||
Title: | ||||
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(See Sections 3.4, 3.5 and 4.1.7 of Security Agreement)
Scottsdale, Arizona 85255
A. | Real Properties Owned by the Debtor: | |
B. | Real Properties Leased by the Debtor (Include Landlord’s Name): | |
C. | Public Warehouses or other Locations pursuant to Bailment or Consignment Arrangements (include name of Warehouse Operator or other Bailee or Consignee): |
(See Section 3.9 of Security Agreement)
A. | [Intentionally left blank.] | |
B. | [Intentionally left blank.] | |
C. | Patents, copyrights, trademarks protected under federal law:* |
* | For (i) trademarks, show the trademark itself, the registration date and the registration number; (ii) trademark applications, show the trademark applied for, the application filing date and the serial number of the application; (iii) patents, show the patent number, issue date and a brief description of the subject matter of the patent; and (iv) patent applications, show the serial number of the application, the application filing date and a brief description of the subject matter of the patent applied for. Any licensing agreements for patents or trademarks should be described on a separate schedule. |
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GUARANTOR: | ||||
By: | ||||
Name: | ||||
Its: | ||||
Address: | ||||
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