Uptown Restaurant Group Inc Sample Contracts

Uptown Restaurant Group Inc – PROMISSORY NOTE (March 13th, 2000)

[DESCRIPTION] Promissory Notes held by Shareholders PROMISSORY NOTE U.S. $15,000.00 February 28, 1999 Bexar County, Texas FOR VALUE RECEIVED, the undersigned, Wrapsters, Inc. ("Borrower") promises to pay to the order JOSEPH K. KOSTOFF or his successors or assigns (the "Lender"), the principal sum of Fifteen Thousand Dollars ($15,000.00) to be paid in lawful money of the United States of America. Interest will accrue on the Promissory Note at a rate of 10% per annum from the date of funding from the escrow account and will be payable semi-annually on June 30, and December 31, of each year until maturity. The entire principal balance of the Promissory Note, together with accrued interest, shall become due and payable an the earlier of (1) the maturity date of thePromissory Note in February 2001 (two years from the date of issuance), or (2) Upon the clos

Uptown Restaurant Group Inc – [DESCRIPTION] ASSET PURCHASE AGREEMENT (March 13th, 2000)

[DESCRIPTION] ASSET PURCHASE AGREEMENT ASSET PURCHASE AGREEMENT ASSET PURCHASE AGREEMENT, dated as of October 15, 1999, by and between "1 POTATO 2, INC.", a Minnesota corporation ("Seller"), and WRAPSTERS ACQUISITIONS CORP., a Colorado corporation ("Purchaser"). RECITALS Seller owns the assets of the business known as "1 Potato 2" ("Business"), located at 7000 Bass Lake Road, Suite 200, Minneapolis, Minnesota 55428, including the franchises, franchise rights, franchise agreements, contracts, contract rights, UFOC's, accounts receivable, trademarks, trade names, service marks, equipment, and other assets used in connection with the operation of the Business and desire to sell said assets to the Purchaser. AGREEMENT In consideration of the mutual covenants of the parties herein contained, it is hereby agreed as follows: ARTICLE I PURCHASE AND

Uptown Restaurant Group Inc – [DESCRIPTION] ASSET PURCHASE AGREEMENT (February 28th, 2000)

[DESCRIPTION] ASSET PURCHASE AGREEMENT ASSET PURCHASE AGREEMENT ASSET PURCHASE AGREEMENT, dated as of October 15, 1999, by and between "1 POTATO 2, INC.", a Minnesota corporation ("Seller"), and WRAPSTERS ACQUISITIONS CORP., a Colorado corporation ("Purchaser"). RECITALS Seller owns the assets of the business known as "1 Potato 2" ("Business"), located at 7000 Bass Lake Road, Suite 200, Minneapolis, Minnesota 55428, including the franchises, franchise rights, franchise agreements, contracts, contract rights, UFOC's, accounts receivable, trademarks, trade names, service marks, equipment, and other assets used in connection with the operation of the Business and desire to sell said assets to the Purchaser. AGREEMENT In consideration of the mutual covenants of the parties herein contained, it is hereby agreed as follows: ARTICLE I PURCHASE AND

Uptown Restaurant Group Inc – PROMISSORY NOTE (February 28th, 2000)

[DESCRIPTION] Promissory Notes held by Shareholders PROMISSORY NOTE U.S. $15,000.00 February 28, 1999 Bexar County, Texas FOR VALUE RECEIVED, the undersigned, Wrapsters, Inc. ("Borrower") promises to pay to the order JOSEPH K. KOSTOFF or his successors or assigns (the "Lender"), the principal sum of Fifteen Thousand Dollars ($15,000.00) to be paid in lawful money of the United States of America. Interest will accrue on the Promissory Note at a rate of 10% per annum from the date of funding from the escrow account and will be payable semi-annually on June 30, and December 31, of each year until maturity. The entire principal balance of the Promissory Note, together with accrued interest, shall become due and payable an the earlier of (1) the maturity date of thePromissory Note in February 2001 (two years from the date of issuance), or (2) Upon the clos