as Borrower, andLoan and Security Agreement • May 31st, 2002 • New World Restaurant Group Inc • Retail-eating places • New York
GREENLIGHT CAPITAL, L.L.C. 420 Lexington Avenue Suite 1740 New York, N.Y. 10170New World Restaurant Group Inc • May 31st, 2002 • Retail-eating places
Reference is hereby made to that certain Limited Liability Company Operating Agreement (the "LLC Agreement") of Greenlight New World, L.L.C. (the "LLC") dated as of January 8, 2001 by and among Greenlight Capital, L.P., Greenlight Capital Qualified L.P. and Greenlight Capital Offshore, Ltd. (each individually a "Member" and together, "Greenlight"). Under the terms of the LLC Agreement, New World Coffee-Manhattan Bagel, Inc. (the "Manager") was appointed the manager of the LLC and has been acting in such capacity for the LLC. Reference is also made to that certain Bond Purchase Agreement (the "Bond Purchase Agreement") entered into as of January 17, 2001, by and among the Manager and Greenlight, pursuant to which Greenlight agreed to contribute $10 million (such amount plus the accretion thereon pursuant to the terms of the Bond Purchase Agreement is herein referred to as the "Contribution Amount") to the LLC for the purchase of certain bonds (the "Bonds") known as Einstein/Noah Bagel C
