Asset Purchase AgreementAsset Purchase Agreement • June 26th, 2019 • Famous Daves of America Inc • Retail-eating places • Arizona
This Asset Purchase Agreement (“Agreement”) is made between Desert Ribs LLC, a Delaware limited liability company (“Desert Ribs”), a Delaware limited liability company, Famous Charlie LLC, a Delaware limited liability company (“Famous Charlie”), Famous Freddie LLC, a Delaware limited liability company (“Famous Freddie”), Famous Gracie LLC, a Delaware limited liability company (“Famous Gracie”), and Famous George LLC, a Delaware limited liability company (“Famous George”) (together “Seller”, or “Sellers”, “Debtor” or “Debtors”); and Famous Dave’s Ribs Inc., a Minnesota corporation (“Purchaser”), assignee of Famous Dave’s of America, Inc., a Minnesota corporation, or its designee (“Franchisor”), as of June [20], 2019.
LOAN AGREEMENTLoan Agreement • June 26th, 2019 • Famous Daves of America Inc • Retail-eating places • Minnesota
THIS LOAN AGREEMENT (this “Agreement”) is made, entered into and effective as of June 20, 2019 (the “Effective Date”), by and between CHOICE FINANCIAL GROUP, a North Dakota banking corporation doing business as Choice Bank (“Lender”), FAMOUS DAVE’S OF AMERICA, INC., a Minnesota corporation (“FDOA”), MINWOOD PARTNERS, INC., a Delaware corporation (“MinWood”), D&D OF MINNESOTA, INC., a Minnesota corporation (“D&D”), FAMOUS DAVE’S RIBS OF MARYLAND, INC., a Minnesota corporation (“FDRM”), FAMOUS DAVE’S RIBS, INC., a Minnesota corporation (“FDR”), FAMOUS DAVE’S RIBS-U, INC., a Minnesota corporation (“FDRU”), and LAKE & HENNEPIN BBQ AND BLUES, INC., a Minnesota corporation (“Lake & Hennepin” or collectively with FDOA, MinWood, D&D, FDRM, FDR and FDRU, “Borrowers” or each a “Borrower”). Lender or Borrowers may be individually referred to herein as a “party” or collectively as the “parties.”
