SUPPLEMENTAL LIMITED FORBEARANCE AGREEMENTSupplemental Limited Forbearance Agreement • November 8th, 2006 • Pizza Inn Inc /Mo/ • Wholesale-groceries & related products • Texas
Contract Type FiledNovember 8th, 2006 Company Industry JurisdictionTHIS SUPPLEMENTAL LIMITED FORBEARANCE AGREEMENT (this “Agreement”) dated effective as of November ___, 2006 (the “Effective Date”) is entered into by and among PIZZA INN, INC., a Missouri corporation (the “Borrower”), the Guarantors identified on the signature pages hereto (the “Guarantors”), NEWCASTLE PARTNERS, LP, a Texas limited partnership (“Newcastle”) and WELLS FARGO BANK, NATIONAL ASSOCIATION (successor to Wells Fargo Bank (Texas), National Association) (the “Bank”). The Borrower and the Guarantors are sometimes collectively referred to herein as the “Obligors”, and the Obligors and Newcastle are sometimes collectively referred to herein as the “Borrower Parties”. Capitalized terms used and not otherwise defined herein shall have the meanings as set forth in the Loan Agreement (as defined below).