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'-, 83-<)04276 MEMORANDUM OF SUBLEASE THIS SUBLEASE, made as of this I,!!:. day of +ni... .. , 19~, by and between SIRLOIN STOCKADE, INC., a Nevada corporation, hereinafter referred to as "Landlord", and SUNSHINE FAMILY RESTAU~~TS, INC., a Nebraska cor?oration, hereinafter referred to as "Tenant". R E C I TAL S ------ A. Landlord is the lessee in that certain Land and Buildinq Lease dated the first day of July, 1974 (the "Prime Lease") in which SIGMA, an Oklahoma Limited Partnership, is the lessor (the "Prime Landlord") by virtue of which Landlord is in possession of a parcel of real property, together '..i th the improvements thereon, situate in the City of Grand Island, Co~~ty of Hall, State of Nebraska, more commonly known as 2610 South Locust, Grand Island, Nebraska, and more fully described in Exb.ibit "A" hereto. B. It is the mutual des~re of the parties hereto that Landlord sublet to Tenant such property described in Exhibit "A" hereto, together with ~~e improvements thereon. IN CONSIDERATION OF THE RECITALS AND OF THE TER~ AND CONDITIONS HEREINAFTER CONTAINED, LA.."lDLORD HEREBY SUBLETS TO TENANT, AND TENANT HEREBY TAKES FROM LANDLORD, FOR THE TERM ~~D UPON THE CONDITIONS HEREINAFTER CONTAINED, THE REAL PROPERTY DESCRI.BED IN EXHIBIT "A" HERETO. TOGETHER WITH THE IMPROVEMENTS THEREON (HEREINAFTER REFERRED TO AS THE "SUBLET-PRE."'1ISES"). TERM: PRIMARY TERM: The Primary Term of this Sublease shall commence at 12:01 a.m. on April 1, 1983, and shall terminate at 11:59 p.m. on J~~e 30, 1994. EXTENSION TERM: Landlord hereby grants to Tenant two (2) consecutive options to extend the Primary Term of this Lease for two (2) consecutive five (5) year periods (the "Extension Term(s)"), subject to the same rent conditions and covenants herein contained, upon Tenant giving Landlord written notice of its intention to extend the Lease for the next consecutive Extension Term one hundred and eighty (ISO) days in advance of the expiration of the then current term. If Tenant does not exercise an extension option, the Lease shall then terminate at the end of the then current Primary or Extension Term. TENANT'S OPTION TO TERMINATE LEASE BEFORE END OF TERM: Tenant may at its option terminate this Sublease and any and all of its obligations hereunder at any time, by giving Lapdlord six~y (60) days written notice and paying L~~dlord ten (lO) month$ Fixed Minimum Rent, as described in Section 2 of this S~leUe, such payment to be made on or before the end of such siXty (60) day pe;l;'iod. Upon Tenant's exercise of such option. the. individual qu.a.rantora of Tenant's Obligations under this Sublease shall thereupon be released from such guaranty.