Effect of Company's Noncompliance Sample Clauses

Effect of Company's Noncompliance. Failure by the Company to comply with any of the above provisions shall constitute a default under the Loan Agreement. [Signature Page Immediately Follows] This Agreement has been executed by the parties below to be effective as of the date set forth on the first page of this Agreement. COUNTRY STAR RESTAURANTS, INC. By:______________________________ Name:____________________________ Title:___________________________ INVESTORS: CAMERON CAPITAL LTD. By:______________________________ Name:____________________________ Title:___________________________ _________________________________ Name of Investor By:______________________________ Name:____________________________ Title:___________________________ EXHIBIT C to Loan and Security Agreement between Cameron Capital Ltd., as Agent for Lenders and Country Star Restaurants, Inc. [Attached] THIS WARRANT AND THE SHARES OF COMMON STOCK OF COUNTRY STAR RESTAURANTS, INC. TO BE ISSUED UPON ANY EXERCISE OF THE WARRANT HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY STATE SECURITIES LAWS, AND MAY NOT BE SOLD OR TRANSFERRED OR OFFERED FOR SALE OR TRANSFER UNLESS A REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND OTHER APPLICABLE SECURITIES LAWS WITH RESPECT TO SUCH SECURITIES IS THEN IN EFFECT, OR IN THE OPINION OF COUNSEL, SUCH REGISTRATION UNDER THE SECURITIES ACT AND OTHER APPLICABLE SECURITIES LAWS IS NOT REQUIRED. WARRANT to Purchase Shares of Common Stock of COUNTRY STAR RESTAURANTS, INC. ___________ , 1997 This certifies that, for value received, Cameron Capital Ltd. ("CC") and any subsequent transferee of this Warrant (each, a "Holder") is entitled to purchase, subject to the provisions of this Warrant, from Country Star Restaurants, Inc., a Delaware corporation (the "Issuer"), at any time or from time to time on or after the date hereof and on or before_______, 2002 (the "Expiration Date"), ________________ Thousand (_________) fully paid and nonassessable shares of common stock (the "Common Stock"), of the Issuer at an exercise price of Sixty Two and One-Half Cents ($.625) per share, subject to adjustment pursuant to the terms hereunder (the "Exercise Price") (such shares of Common Stock and other securities issued and issuable upon exercise of this Warrant sometimes are referred to herein as the "Warrant Shares").

Effect of Company's Noncompliance. Failure by the Company to comply with any of the above provisions shall constitute a default under the Loan Agreement. [Signature Page Immediately Follows] This Agreement has been executed by the parties below to be effective as of the date set forth on the first page of this Agreement. COUNTRY STAR RESTAURANTS, INC. By: /s/ Xxxxx X. Xxxxxxxx ------------------------------ Name: Xxxxxx X. Xxxxxxxx ---------------------------- Title: CEO --------------------------- INVESTORS: CAMERON CAPITAL LTD. By: /s/ X. Xxxxxxxx ------------------------------ Name: X. Xxxxxxxx ---------------------------- Title: CEO --------------------------- /s/ Xxx X. Xxxxx ---------------------------------- Name of Investor By: /s/ Xxx Xxxxx ------------------------------ Name: ____________________________ Title: ___________________________