Promissory Note (March 1st, 2013)
Obligation and Repayment: For value received, Borrower absolutely and unconditionally promises to pay to the order of the Bank, at the Office, without defense, setoff or counterclaim, the principal amount of Three Million and 00/100 United States Dollars, together with interest and any other sum(s) due and payable as specified below. The principal amount of this Note shall be due and payable in consecutive monthly installments, of which each but the last shall be in the amount of $83,333.33 and the last of which shall be equal to the then unpaid principal balance of this Note. The first such installment shall be due on March 25, 2013. Each subsequent installment shall be due on the corresponding day of each month thereafter (or if such corresponding day is not a Business Day, on the immediately succeeding Business Day). The remaining principal balance shall be due on February 25, 2016, unless due and payable sooner in accordance with the terms of this Note and Rider.
Termination and Consulting Agreement (January 6th, 2012)
This Termination and Consulting Agreement (the "Agreement") is made this 5th day of January, 2012, by and between Robert Towers ("Towers"), residing at 37 Marbourne Drive, Mamaroneck, New York 10543 and ARK Restaurants Corp. ("ARK"), a New York corporation with offices at 85 Fifth Avenue, 14th Floor, New York, New York 10003-3019.
Securities Purchase Agreement (November 30th, 2011)
THIS SECURITIES PURCHASE AGREEMENT, dated as of November 23, 2011 (this Agreement) is by and among Ark Restaurants Corp., a New York corporation (the Company), and the Estate of Irving Hershkowitz (the Seller). The Company and the Seller are collectively referred to herein as the Parties, and each is a Party.