AMENDED AND RESTATED LINE OF CREDIT NOTELine of Credit Note • April 2nd, 2007 • Alexanders J Corp • Retail-eating places
FOR VALUE RECEIVED, J. ALEXANDER’S CORPORATION and J. ALEXANDER’S RESTAURANTS, INC., both Tennessee corporations (collectively, the “Maker”), jointly and severally promise to pay to the order of BANK OF AMERICA, N.A. (“Payee” or “Bank of America”), the sum of Ten Million and No/100 Dollars ($10,000,000.00), or as much thereof as may be outstanding from time to time, together with interest thereon as set forth below. This Note is made pursuant to the terms of that certain Loan Agreement dated as of May 12, 2003, as amended from time to time (the “Loan Agreement”). Capitalized terms not defined herein shall have the meanings set forth in the Loan Agreement. This Note evidences an increase by $5,000,000.00 in the maximum principal amount available for borrowings by Borrower subject to the terms of the Loan Agreement, and is an amendment and restatement of that certain Amended and Restated Line of Credit Note in the principal amount of $5,000,000.00 dated January 20, 2004, which Note was a
