LOAN AGREEMENT (Loans 2 and 3)Loan Agreement • December 8th, 2016 • Famous Daves of America Inc • Retail-eating places • Minnesota
THIS LOAN AGREEMENT (“Agreement”) is made as of December 2, 2016, by and between FAMOUS DAVE’S OF AMERICA, INC., a Minnesota corporation, D&D OF MINNESOTA, INC., a Minnesota corporation, FAMOUS DAVE’S RIBS OF MARYLAND, INC., a Minnesota corporation, FAMOUS DAVE’S RIBS, INC., a Minnesota corporation, FAMOUS DAVE’S RIBS-U, INC., a Minnesota corporation, and LAKE & HENNEPIN BBQ & BLUES, INC., a Minnesota corporation (all of the foregoing referred to collectively as the “Borrower”) and VENTURE BANK, a Minnesota banking corporation (“Lender”).
MORTGAGE AND SECURITY AGREEMENT AND FIXTURE FINANCING STATEMENTMortgage and Security Agreement • December 8th, 2016 • Famous Daves of America Inc • Retail-eating places • Minnesota
THIS INDENTURE (hereinafter referred to as “Mortgage”) is made and given as of the 2nd day of December, 2016 by MINWOOD PARTNERS, INC., a Delaware corporation and FAMOUS DAVE’S OF AMERICA, INC., a Minnesota corporation (collectively, the “Mortgagor”) to VENTURE BANK, a Minnesota banking corporation (“Mortgagee”).
SECURITY AGREEMENTSecurity Agreement • December 8th, 2016 • Famous Daves of America Inc • Retail-eating places • Minnesota
THIS SECURITY AGREEMENT (“Agreement”) dated December 2, 2016 is made by FAMOUS DAVE’S OF AMERICA, INC., a Minnesota corporation, D&D OF MINNESOTA, INC., a Minnesota corporation, FAMOUS DAVE’S RIBS OF MARYLAND, INC., a Minnesota corporation, FAMOUS DAVE’S RIBS, INC., a Minnesota corporation, FAMOUS DAVE’S RIBS-U, INC., a Minnesota corporation, and LAKE & HENNEPIN BBQ & BLUES, INC., a Minnesota corporation (collectively, “Debtor”) for the benefit of VENTURE BANK, a Minnesota banking corporation, its endorsees, successors and assigns (“Secured Party”).
PROMISSORY NOTE (Note 1)Famous Daves of America Inc • December 8th, 2016 • Retail-eating places • Minnesota
FOR VALUE RECEIVED, the undersigned, FAMOUS DAVE’S OF AMERICA, INC., a Minnesota corporation, and MINWOOD PARTNERS, INC., a Delaware corporation (collectively the “Borrower”), agrees and promises to pay to the order of VENTURE BANK, a Minnesota banking corporation, its endorsees, successors and assigns (“Lender”), at its principal office at 2640 Eagan Woods Drive, Eagan, Minnesota or such other place as the Lender may from time to time designate, the principal sum of three million seven hundred thousand and no/100 dollars ($3,700,000.00) or so much as may from time to time be disbursed, together with interest, upon the following terms and conditions:
PLEDGE AGREEMENTPledge Agreement • December 8th, 2016 • Famous Daves of America Inc • Retail-eating places • Minnesota
THIS PLEDGE AGREEMENT (“Agreement”) is made and entered into effective as of December 2, 2016 by FAMOUS DAVE’S OF AMERICA, INC., a Minnesota corporation, D&D OF MINNESOTA, INC., a Minnesota corporation, FAMOUS DAVE’S RIBS OF MARYLAND, INC., a Minnesota corporation, FAMOUS DAVE’S RIBS, INC., a Minnesota corporation, FAMOUS DAVE’S RIBS-U, INC., a Minnesota corporation, and LAKE & HENNEPIN BBQ & BLUES, INC., a Minnesota corporation (collectively, “Pledgors”) and VENTURE BANK, a Minnesota banking corporation, its endorsees, successors and assigns (“Secured Party”).
