Sonnet BioTherapeutics Holdings Inc. – Credit Agreements Watch

from 10-K 9 pages Loan # 9930000823 Commercial Note Loan Officer Cwb /S/ Charles W. Bartz Charles W. Bartz, Senior Vice President Date: April 11, 2013 Borrower: Chanticleer Holdings, Inc. Loan Amount: $500,000.00 X Revolving Line of Credit

from 8-K 35 pages Recitals (A) West End Wings Limited Is a Company Registered in England and Wales Under Number 03814994 (“The Company”) and Has an Issued Share Capital of £100 Divided Into 100 Ordinary Shares of £1 Each, of Which 100 Ordinary Shares of £1 Each Are Credited as Fully Paid; (B) the Seller Is the Beneficial Owner of the Whole of the Issued and Allotted Share Capital in the Company; (C) the Seller Has Agreed to Sell, and the Buyer Has Agreed to Buy, All the Issued Shares in the Company on the Following Terms; (D) the Seller Has Agreed to Procure the Grant of the Leases Referred to in Schedule 2 by Reservoir Lounge Uk Limited. Now It Is Agreed as Follows: 1. Interpretation 1.1 in This Agreement (Including the Recitals and the Schedules), Unless the Context Otherwise Requires, the Following Words and Expressions Shall Have the Following Meanings: 1

from POS AM 19 pages Commercial Note Loan Officer Cwb

from 8-K 96 pages Page 1. Definitions 1 2. Sale and Transfer of Shares; Closing 14 2.1 Delivery of Estimate; Calculation of Initial Adjustment Amount 14 2.2 Purchase and Sale of Shares 14 2.3 the Closing 15 2.4 Closing Obligations 16 2.5 Final Net Working Capital Determination 21 2.6 New Store Purchase Price Determination 22 2.7 Acquired Companies Final EBITDA Determination 24 2.8 Letter of Credit 28 2.9 Withholding 31 3. Representations and Warranties of Sellers 31 3.1 Organization and Good Standing 31 3.2 Authority; No Conflict 32 3.3 Capitalization 33 3.4 Financial Statements 34 3.5 Books and Records 34 3.6 Title to Properties; Encumbrances 35 3.7 Condition and Sufficiency of Assets 35 3.8 No Undisclosed Liabilities 35 3.9 Taxes 36 3.10 Employee Benefits 39 3.11 Compliance With Legal Requirements 42 3.12 Legal Proceedings; Orders 43 3.13 Absence of Certain Changes and Events 44 3.14 Contracts; No Defaults 46 3.15 Insurance 49 3.16 Environmental Matters 50 3.17 Employees 52 3.18 Labor Relations; Compliance 53 3.19 Intellectual Property 53 3.20 Governmental Authorizations 54 3.21 Suppliers 54 3.22 Relationships With Related Persons 55 3.23 Brokers or Finders 55 3.24 No Liability From Property Transfers 55 3.25 No Conflicts 55 3.26 Restricted Securities 55 3.27 Accredited Investor 56 3.28 Acknowledgment 57 3.29 Election Acknowledgment 57