EXHIBIT 1 UNDERWRITING AGREEMENTUnderwriting Agreement • March 13th, 1997 • Cafe La France Inc • Retail-eating places • Rhode Island
EXHIBIT 10.18 SECURITY AGREEMENT This Security Agreement is entered into as of this 4th day of March, 1997 by CLF2, Inc., a Rhode Island corporation ("Debtor") in favor of Michael A. Cardillo ("Secured Party"). I. SECURITY INTEREST The Debtor hereby...Security Agreement • March 13th, 1997 • Cafe La France Inc • Retail-eating places • Rhode Island
1.01 Date of Franchise Agreement 1 1.02 Expiration Date 1 1.03 Renewal Notification Date 1 1.04 Location of Restaurant 1 1.05 Protected Territory 1 1.06 Initial Franchise Fee 1 1.07 Royalty Fee 1Franchise Agreement • March 13th, 1997 • Cafe La France Inc • Retail-eating places • Rhode Island
As of February 1, 1997 Mr. Thomas W. DeJordy 174 Wentworth Avenue Cranston, RI 02905 Re: Amendment to Employment Agreement Dear Tom: Reference is made to your employment agreement dated November 1, 1996 pursuant to which, among other things, you are...Employment Agreement • March 13th, 1997 • Cafe La France Inc • Retail-eating places
Reference is made to your employment agreement dated November 1, 1996 pursuant to which, among other things, you are entitled to an annual salary of $132,000 and to the grant of an incentive stock option for the purchase of 200,000 shares of Cafe La France common stock with an exercise price equal to the initial public offering price of Cafe's common stock upon completion of the Company's initial public offering. As you are aware, the above portions of your employment package were agreed to with the understanding that Schneider Securities would complete a "firm commitment" initial public offering with net proceeds in excess of $4 million pursuant to the letter of intent entered into last summer. Due to the termination of Schneider's letter of intent and the engagement of Earnhardt Co., Inc. to conduct a "best efforts" offering, we have agreed to mutually redefine the performance targets relative to your incentive stock option. Your cumulative salary deferrals will be repaid over a six
GUARANTYGuaranty • March 13th, 1997 • Cafe La France Inc • Retail-eating places
CAFE LA FRANCEEmployment Agreement • March 13th, 1997 • Cafe La France Inc • Retail-eating places
Reference is made to your employment agreement dated November 1, 1996 pursuant to which, among other things, you are entitled to an annual salary of $108,000 and to the grant of an incentive stock option for the purchase of 75,000 shares of Cafe La France common stock with an exercise price equal to the initial public offering price of Cafe's common stock upon completion of the Company's initial public offering. As you are aware, the above portions of your employment package were agreed to with the understanding that Schneider Securities would complete a "firm commitment" initial public offering with net proceeds in excess of $4 million pursuant to the letter of intent entered into last summer. Due to the termination of Schneider's letter of intent and the engagement of Earnhardt Co., Inc. to conduct a "best efforts" offering, we have agreed to mutually redefine the performance targets relative to your incentive stock option. Your cumulative salary deferrals will be repaid over a six m
