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<br />200710377 <br /> <br />8. NOTICES. Any notices required to be sent to Transferee under the Deed of Trust shall be <br />sent to the address set forth below Transferee's signature. <br /> <br />9. CONDITIONS PRECEDENT. As conditions precedent to the effectiveness of this <br />Agreement, each of the following conditions shall have been fulfilled to Lender's satisfaction: <br /> <br />(a) the recording of the transfer of title to the Property from Borrower to Transferee; <br /> <br />(b) the execution and delivery to Lender of the Guaranties dated as of December 6, 2007, <br />from each of Kenneth W. Staab and Rose Mary Staab; and <br /> <br />(c) the execution and delivery to Lender of this Agreement and each other contract, <br />instrument and document required hereunder. <br /> <br />10. HEADINGS. The headings used herein are for descriptive purposes only and shall not be <br />deemed a part of the provisions hereof. <br /> <br />11. GOVERNING LAW. This Agreement shall be governed by and construed in accordance <br />with the laws of the State of Nebraska. <br /> <br />IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year <br />first above written. <br /> <br />LENDER: <br /> <br />TRANSFEREE: <br /> <br />WELLS FARGO BANK, <br />NATIONAL ASSOCIA TIO <br />4 ~ <br /> <br /> <br />GIPH RESTAURANTS, L.L.C. <br /> <br />By: STAAB PH RESTAURANT OPERATIONS, INC. <br />ItS:~ Mmb r <br /> <br />By: / - W~ · <br />Nam : Kenneth W. Staab <br />Title: President <br />Address: 3048 West Stolley Park Road <br />Grand Island, NE 68802 <br /> <br />By: <br />Name: <br />Title: <br /> <br />BORROWER: <br /> <br />STAAB PH RESTAURANT OPERATIONS, INC., <br />as successor by merger with GRAND ISLAND PH, INC. <br /> <br />BY:~"-~~ w...4..~ <br />Na e: Kenneth W. Staab <br />Title: President <br /> <br />C-521_NE.DOC (Rev. 08/07) Mg1314L1(MK) <br /> <br />-3- <br />