EXHIBIT 10(P)
AMENDMENT TO PROMISSORY NOTE AND REVISED DEBT AGREEMENT
This Amendment to Promissory Note and Revised Debt Agreement dated April 7,
1998, does hereby amend and supplement the terms of that certain Note dated
April 1, 1997, by and between Xxxxx X. Xxxxxx, as "Maker" and Uno Restaurants,
Inc., as "Holder."
For value received, the undersigned parties agree as follows:
1. Section 2.2 of the Note, a copy of which is appended hereto as Exhibit A
for reference, is amended to provide that the "Maturity Date" of the Note shall
be the earlier to occur of (i) the date on which Maker's employment with Holder
or its affiliates shall terminate, or (ii) at such time as the value of Uno
Restaurant Corporation stock shall be equal to or greater than $9.00 per share
for at least 30 days, or (iii) September 27, 1998.
2. In all other respects, the Note is hereby ratified, affirmed and
unchanged.
3. The requirement to make principal payments prior to September 27, 1998
is waived.
IN WITNESS WHEREOF, the undersigned parties have evidenced their agreement
by written signatures shown below.
April 7, 1998.
Witness: MAKER:
/s/ XXXXXXX XXXXX /s/ XXXXX. X. XXXXXX
------------------------------------------- ---------------------------------------------
Printed Name: Xxxxxxx Xxxxx Xxxxx. X. Xxxxxx
UNO RESTAURANTS, INC.
By: /s/ XXXXXX X. XXXXXXX
-----------------------------------------
Xxxxxx X. Xxxxxxx
Senior Vice President
SECOND AMENDMENT TO PROMISSORY NOTE
AND REVISED DEBT AGREEMENT
This Second Amendment to Promissory Note and Revised Debt Agreement dated
September 27, 1998, does hereby further amend and supplement the terms of that
certain Note dated April 1, 1997, by and between Xxxxx X. Xxxxxx, as "Maker" and
Uno Restaurants, Inc., as "Holder," as amended on April 7, 1998.
For value received, the undersigned parties agree as follows:
1. Section 2.2 of the Note, a copy of which is appended hereto as Exhibit A
for reference, is further amended to provide that the "Maturity Date" of the
Note shall be the earlier to occur of (i) the date on which Maker's employment
with Holder or its affiliates shall terminate, or (ii) at such time as the value
of Uno Restaurant Corporation stock shall be equal to or greater than $9.00 per
share for at least 30 days, or (iii) October 3, 1999.
2. In all other respects, the Note is hereby ratified, affirmed and
unchanged.
IN WITNESS WHEREOF, the undersigned parties have evidenced their agreement
by written signatures shown below.
Witness: MAKER:
/s/ XXXXXXX XXXXX /s/ XXXXX. X. XXXXXX
------------------------------------------- ---------------------------------------------
Printed Name: Xxxxxxx Xxxxx Xxxxx. X. Xxxxxx
UNO RESTAURANTS, INC.
By: /s/ XXXXXX X. XXXXXXX
-----------------------------------------
Xxxxxx X. Xxxxxxx
Senior Vice President
