GUARANTY OF LEASEGuaranty of Lease • March 29th, 2002 • American Restaurant Group Inc • Retail-eating places • California
The undersigned (hereinafter referred to as “Guarantor”), as a material inducement to and in consideration of ARG PROPERTIES I, LLC, a California limited liability company, whose address is c/o Griffin Capital, 10940 Wilshire Boulevard, Suite 1600, Los Angeles, California 90024 (“Landlord”), entering into that certain Amended and Restated Master Lease (“Lease”) with ARG ENTERPRISES, INC., a California corporation (“Tenant”), dated as of May 11, 1998, hereby unconditionally, irrevocably and personally guarantees to and for the benefit of Landlord, and Landlord’s successors and assigns, the full and timely payment and performance of all of Tenant’s duties, obligations and covenants under the Lease. This Guaranty is a guaranty of payment and performance and not of collection.
AMENDED AND RESTATED MASTER LEASE BETWEEN ARG PROPERTIES II, LLC, as Landlord AND ARG ENTERPRISES, INC., As Tenant Dated: May 11, 1998Master Lease • March 29th, 2002 • American Restaurant Group Inc • Retail-eating places • California
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