Stock Purchase Agreement (2006)Full Document 

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STOCK PURCHASE AGREEMENT

among

BUCA, INC.,

BUCA RESTAURANTS 3, INC.,

BERTUCCI’S CORPORATION

and

VINNY T’S ACQUISITION CORPORATION

Dated as of September 25, 2006

 





TABLE OF CONTENTS

ARTICLE I

 

Purchase and Sale of Shares; Closing

 

1

 

 

 

 

 

Section 1.1

 

Purchase and Sale of Shares.

 

1

Section 1.2

 

Closing.

 

2

Section 1.3

 

Closing Obligations.

 

2

 

 

 

 

 

ARTICLE II

 

Post-Closing Purchase Price Adjustment

 

4

 

 

 

 

 

Section 2.1

 

Working Capital Adjustment.

 

4

Section 2.2

 

Adjustment Payment.

 

5

 

 

 

 

 

ARTICLE III

 

Representations and Warranties of the Company and Seller

 

6

 

 

 

 

 

Section 3.1

 

Organization and Authority of Seller; No Conflicts.

 

6

Section 3.2

 

Organization, Authority and Qualification of the Company; No Conflicts.

 

6

Section 3.3

 

Capitalization of the Company.

 

7

Section 3.4

 

Stock Ownership.

 

8

Section 3.5

 

Financial Statements.

 

9

Section 3.6

 

Absence of Undisclosed Liabilities; Absence of Certain Changes or Events.

 

9

Section 3.7

 

Title to Assets; Real Properties; Leases; Absence of Liens and Encumbrances; Etc.

 

10

Section 3.8

 

Litigation.

 

12

Section 3.9

 

Compliance with Law/Government Authorizations.

 

12

Section 3.10

 

Contracts.

 

13

Section 3.11

 

Consents and Approvals.

 

15

Section 3.12

 

Tax Matters.

 

16

Section 3.13

 

Intellectual Property.

 

17

Section 3.14

 

Conduct of Business; Absence of Certain Changes.

 

18

Section 3.15

 

Employee Matters and Benefits.

 

21

Section 3.16

 

Environmental Matters.

 

24

Section 3.17

 

Insurance.

 

25

Section 3.18

 

Prepaid Amounts.

 

25

Section 3.19

 

Suppliers.

 

26

Section 3.20

 

Capital Expenditures.

 

26

Section 3.21

 

Brokers and Finders.

 

26

Section 3.22

 

Corporate Books, Records and Accounts.

 

26

Section 3.23

 

Borrowings and Guarantees.

 

27

Section 3.24

 

Directors and Officers; Financial Service Relations and Powers of Attorney.

 

27

Section 3.25

 

Absence of Sensitive Payments.

 

27

Section 3.26

 

No Other Representations or Warranties.

 

28

 

i




 

ARTICLE IV

 

Representations and Warranties of Buyer and Parent

 

28

 

 

 

 

 

Section 4.1

 

Organization and Authority of Buyer; No Conflicts.

 

28

Section 4.2

 

Organization and Authority of Parent; No Conflicts.

 

29

Section 4.3

 

Brokers and Finders.

 

29

Section 4.4

 

Parent Financial Statements.

 

30

Section 4.5

 

Conduct of Parent Business; Absence of Certain Parent Changes.

 

30

Section 4.6

 

Financial Capability.

 

30

Section 4.7

 

Investment Intent and Experience; Share Resale Restrictions.

 

31

Section 4.8

 

Consents and Approvals.

 

31

Section 4.9

 

No Other Representations or Warranties.

 

31

 

 

 

 

 

ARTICLE V

 

Tax Matters

 

31

 

 

 

 

 

Section 5.1

 

Liability for Taxes and Related Matters.

 

31

Section 5.2

 

Transfer Taxes.

 

33

Section 5.3

 

Information to be Provided by Buyer.

 

34

Section 5.4

 

Assistance and Cooperation.

 

34

Section 5.5

 

Tax Sharing Agreements.

 

35

Section 5.6

 

Other Elections and Changes.

 

35

 

 

 

 

 

ARTICLE VI

 

Certain Covenants and Agreements

 

35

 

 

 

 

 

Section 6.1

 

Retention of Books and Records.

 

35

Section 6.2

 

Closing Date Financial Statements.

 

35

Section 6.3

 

Change of Company Name.

 

36

Section 6.4

 

Landlord Estoppel Certificates.

 

36

Section 6.5

 

Employee Benefits.

 

36

Section 6.6

 

Litigation.

 

37

Section 6.7

 

Licenses.

 

38

Section 6.8

 

Further Assurances.

 

38

Section 6.9

 

Maintenance of Government Authorizations.

 

38

Section 6.10

 

No Hire; Non-Solicitation.

 

38

Section 6.11

 

Seekonk/Shrewsbury Lease.

 

39

 

 

 

 

 

ARTICLE VII [INTENTIONALLY OMITTED]

 

39

 

 

 

ARTICLE VIII [INTENTIONALLY OMITTED]

 

39

 

 

 

 

 

ARTICLE IX

 

Survival And Indemnification

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