HomeMy WebLinkAbout96-01042
vs.
: IN THE COURT OF COMMON
: PLEAS OF CUMBERlAND COUNTY.
: PENNSYLVANIA
; NO. 1~ - (L)41, CIVIL TERM
: CIVIL ACTION - LAW
ANltWJASIOS VELUOS.
atkIa TOM VELLIOS.
Plaintiff
BILL KATSIFIS and
THEODORA KATSIFIS.
Defendants
: CONFESSION OF JUDGMENT
CO\l~~ OF JUDGMENT
Pursuant to the authority contained in the warrant of attorney. a true and correct copy
of which is attached to the complaint flied in this action. I appear for the Defendants and confess
judgment in favor of, the Plaintiff. Athanasios Velllos. atkIa Tom Velllos and against Defendants.
Bill Katslfls and Theodora Katsifls as follows:
Principal amount due:
Interest outstanding:
Attorney's commission
Total amount:
$13.835.87
$_~1.!Joj__ ~.
(5%)L~.{i.a91.7'f
$_L~e11.~'1
_C!Ju~~~~4}Jjf;
Charles E. ShIelds. III, Esquire
2 West Main Street
Mechanlcsburg, Pennsylvania 17055
I. D. No. 38513 (1)
Attorney for Alhanaslos Velllos.
a/k/a Tom Velllos
JUDGMENT ENTERED as above on
1,l-
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. 1996
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1'1 NN:iVI VANIA
vs
NO.
CIVIL TEAM
BILL KATSIFIS and
THEOOORA KA TSIAS,
DefendanlS
: CIVIL ACTION . LAW
: CONFESSION Of JUDGMENT
COMPlAINT FOR CONFESSION OF JUDGMENT
PURSUANT TO Pa. A. C. P. 2951 (b)
Athanaslos Velllos, a/k/a Tom Velllos, by his allorney, Cha,les E. Shields. III, flies this
Complaint for Confession of Judgment and In support thereof states the following:
1 , Plainllff Athanaslos Velllos, a/k/a Tom Vellios Is an adult Individual, currently
(esiding at 1750 Ashland D,'ve, York. Yo,k Counly. Pennsylvania. 17404.
2, Defendants Bill Katslfls and Theodora Katsifis are adult Individuals cu,rently
residing at 55 Valley View Drive. Mechanlcsburg, Cumberland County. Pennsylvania. 17055.
3. On April 28. 1993. Defendant. Bill Katsifls entered Into an Installment Sales
Agreement For 250 Shares of Stock in Platanos. Inc. whereby Defendant. Bill Katslfls agreed to
pay Plaintiff Velllos the sum of $150.000.00 (a true and correcl copy of the Installment Sales
Agreement including an amortlzallon schedule Is allached herelo as Exhibit "A")
4. Va,lous p,inclpal payments we'e made to inte,esled parties at the selllement of
April 28. 1993 leaving a balance sllll due and owing to Velllos at ninety-five thousand
($95.000,00) dalla,s to be paid as specified In said Installmenl Sales Agreemen. as tallows. 10
wit:
( 2 ) The balance of $95,000,00 dollars In Installments at $3,000.00
monthly Twenty.eight monthly installments. including a balloon payment of
$10,000_00 which balloon payment shall be supplemental and In addition to the
regular monthly payment of due October 28. 1993. and also a final balloon
payment of $10.835.117 due in the twenly.eighth month as more fully set forth
on the attached amortization schedule which Is incorporated herein by
,eferenced. s8Jd monthly Installments to be applied first to interest at the rate 01
elgh' 18,00%) PElr cent per annum on the unpaid balance of principal. said
monthly Installment to be p8ld on or befo,e the 28th day of each month. beginning
~.ay 21: 1 993 and tnertianer on or before the 28th day of each succeeding month
Unll' pnnetpa> ane .nttirllsl have been lully paid. except that. if not 5OOne' paid,
Int sole pnnceps ane Inlt/'llst shall be paid in lull by the twenty. eighth month 3:>
afo,esaid, anythitlg herein contained to the contrary notwithstanding.
5. Security and further security for the performance due by Defendant Bill Katsifls
to Vellios was further provided for in said Installment Sales Agreement. as lollows. to wit:
Securilv. As security for performance by Katsltis of the terms and
conditions contained herein, Katsills agrees to execute contemporaneously with
the within Agreement a Stock Pledge Agreement pledging the aforesaid 250 shares
01 Platanos. Inc. as security to be held by Charles E. Shields, III, Esquire. 2 West
Main Street, Mechanlcsburg. Pennsylvania. 17(l55. as allorney for Velllos until
lull performance under the terms 01 this Agreement.
As lurther security lor performance by Katsllis 01 the terms and
conditions contained herein, Tony Koukounas. does hereby agrse to personally
guarantee the performance 01 Katsifis 01 the terms and conditions 01 this
Agreement. To secure said guarantee. Koukounas does hereby agree to execute
contemporaneously with the within Agreement a Stock Pledge Agreement pledging
250 shares 01 Platanos. Inc.. representing his entire ownership Interest In
Platanos, Inc. Said shares shall be held by Robert G. Frey, Esquire. 5 South
Hanover Street, Carlisle, Pennsylvania. 17013. as allorney for John Katsllis.
Provided, however, that all parties hereto acknowledge that the Stock Pledge
Agreement given by Koukounas to Velllos Is subordlnale and inferior to a Stock
Pledge Agreement given by Koukounas to John Katsllls. Tony Koukounas and Bill
Katsills each agrees to execute a demand note. co-signed by each party's
respective wife. in the amount 01 $95,000.00 as lurther security and as surety
and guarantee 01 the said performances by Katsills.
6. As part 01 the said lurther security. Defendants Bill Katsills and Theodora
Katslfis executed a demand note in the amount 01 ninety-five thousand ($95.000.00) dollars as
surety and guarantee 01 the performance 01 payment of said installment debt by Delendant Bill
Katsllls. (a true and correct copy 01 the said demand note is allached hereto as Exhibit "B")
7. Defendant Bill Katsilis lalled to make the regular monthly payment 01 principal
and interest 01 three thousand ($3.000.00) dollars and since then has continued to lall and/or
refuses to pay the said regular monthly payment 01 principal and interest and the balloon
payment 01 ten lhousand eight hundred thirty-live and 87/100 ($10.835.87) dollars which Is
now also more than thirty (30) days past due as required by the te,ms 01 the said Installment
Sales Agreement.
8. The said Installment Sales Agreement, at pages 3 (Delauit) and 5 (Breach)
provides that Velllos may accelerate as due and payable. the entire unpaid principal amount as
evidenced by the Demand Note allached hereto and to collect thereon. Vellios hereby does so.
9. The said Demand Note authorizes and empowers any Attorney 01 any Court 01
Records 01 Pennsylvania. or elsewhere. to appear lor and to enter Judgment against Bill Katslfis
and Theodora Katsifis. (see Exhibit "B")
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ENTERED INTI I, '1I,i" 7",11 day..f "1" ii, 1')'/,\
IlETWI':EN "'1II/\NNiI' I:; \'11,1.1. I:; ,..f I'I~I) ""lda",11 II iv", YOlk, l'cIIII"ylvallia I"/,\(},I
ht'ld,;aflcr l,nowII ii, Vdli, ,s,
ANI)
Illl.\. K"TSIHS, lIf Silver Sl'lillg TlIWII,.hil', CIIIIII.:llall<l COllnty, I'enn~ylvania,
heleinafter Knuwn a:; Katsili~,
ANI)
TONY KOUKOUNAS, of Mcchank~hurg, CUllIlJcrland Cuunty, Pcnnsylvania,
hereinaftcr known a:; Koukollnas. Koukullnas joins inlhc within agrcclllellltu evidence his asscnt
to the w,urantics UlIlI guanultics llIade by hilll herein;
WITNESSETH: 'l1,at the sai,1 Vellios, in con~idcralion of Ihe terllls ami conditions
I,eldnaft~.r mcntione,l and conlained, aglees I" transfer and deli vcr unto Ihe said Kmsifis, his heirs
und assigns,
Two 1I111!(hcd Fifty (250) share~ of cOllllllon stock in Platanos, Inc., which said shares of
:;!uck reprl'Sellt II.... enlire relllaining intcresl of Vdlius in Platanus, Inc., and which said sharcs
co,,:;lilllte n one-I"lif (112) inlcre~t in Platanos, Inc. Vellios ugrecs tu exccute all necessary
docnlllents conlell'l'oTanwlIsly with the signing of this document to effect Ihe ullmcdiate U'ansfer
of said shares 10 Kalsifis.
IN CONSII)EHATlON WIIEHEOF, the parties hcrclo agree as fullows:
Purchasc IJI ice. Katsifis agrees to pay to Vellios Iherefor, the Slllll of $150,000.00 Dollars,
as follows:
(I) $55,OOO.l~) dollals "l'on the execlltion of Ihis Agn:elllent of Sale, the receipt whcrcof is
hr.reby ncknowledgcd by Velli,,:;, IlIId whkh said $55,IKX).lKJ is 1II0re spccifically paid as fullows:
a. $IO,IXJO.OO whid, is I,elel ill escrow by Charles E. Shields, III, Esquire, allorncy
fur VcJlios amI which is agn:ed by lhe pUrlies hereto 10 1Jc Iclcuscd 10 Vcllios cOlllelllporallcously
with the siglling of Ihis Agreemcnt.
b. ~,.IO,OJlJ.l!() to 1 <: paid by cCltific,lor l'a~;hicrs check Illllde puyable tu the urdcrof
1'lalall05, Inc. as ;' 101m III thc l'Oll'oJalion. It is !hc llllderstallding of the pallics hcreto that
eOlltclIIjJorancously with [hi~ ugrcenll'IIt I'latanu~;, IlIe. willlllakc pUYlllcnt to Vellios of $1\0,050.00,
which figure rcpre'ellts fllllpaYlllellt of the debt owed by ('latunos,llIc. 10 Vcllios.
c. ~,,1,1I50.()() to toe paid bi' ccrtified ur eashiels check Illude payable 10 the ordcr of .
Athanasios V ellio~;.
AUTlIENTICATI,D l.lY
Vcllios:
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AUTIIENTICATED BY
Katsifis:
AU'I1IENTICATED 13Y
Koukounas:
Ole,
it-
Exhibit "A"
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illd~I~lillg a l'illloOlll'.l)'ll'lt'111 tIt ::,I(I,I}(~I,(~Jr Wlli/~llt.lIl'lollll'.I"'III'"lIl :;11:111 ho'.:,lII'Pklllf'lIl:d alld ill
addlllillllilllw 11'1'.lIlar llMllllltly 1I,'>lll!'Il! III dlW t /o!-"fnf,."r ", Iqlj~, alld :I1~.1l a IllIal h;lllllllll 1'"",'1111"111
(Ir$((),~.ti,KI (hlt' illlhe (\'.l"IlI,l' t'irhtlt 1111111111 :I'; lilliit' flllly :..'1 h'llh lIlt Ilw i11l;J.lwd iUllol(ilatillll
Sdlt'c1ule which is illullpolalrd 1ll'll"ili IIY 1t'll'Il'III'cd, ~;aid IIIlHllldy ill:ilallllwlIl!-i (0 IH~ applied lil:;1
h' illh~Il"SI HI the tall" tlr eight (X.fK)',':.) 1~"I""I"Il( IW'l :lIlIlIJ~Il1111 (III' ullpaid balan/'(: elr I'lincipal, !;aid
lI11llllhl)' ill~,t:llIlIll"llt tll I.~ paid nil I.'! 1~'hllt'llw:.Jhlli il.IV Ilf C":lt'lIl1ltJIIlh,IH'J'.illllillg 1\1.,y 'l,tl, 1~I'n
i1wlllwll'aftcr IIIl tll "('hllt'~Ill' )lllli iLly tll cada ~lIlt'I.t'I'd"lg 1111111111 IlIIlill'dlldl'i11 allft illlt'rt"~illiaVt',
I.'ell fully paid, t",' "pllhal, if ""1 :,""1,'1 paid, II,.. ,,:lid IlIiwip:d 011101 illt",,'''1 ~:hall k paid ill filII
by Ihe Iwellt)'.eil',hlh 1111111111 010; afll'''~;aid, ""ylhillg I",,,,ill ulIllailled to IlIe COlIll:IlY
lIolwitllstallding.
J.nUilrt!lCIII. K:t1~ilis shall haw Ihe privilege tlr payillg a~; IIl1leh InOle than the lelJlIilrd
1I",nlhly illstallll","t lIr prilll'ip'" ,,"01 illl,:,..:;t a:: h,: ,Ie:;ilr", ;lIId lIolhillg rontaillrd ill thi"
Al~rrclllclll shall hc l'OIl:,tllled I" limillhe ...dllClillll of prillcipallo said "'"0Illlt. IlItcrcst shnllbe
l'ulllplurd (Jlllhe IIl1pnidpl illcipalba'allce. I'lllvidrd, however, that nllY prcpaynlenlll1ade shall be
limiled Iu one OJ' lllOle inClemenl" of principal as shown on tile nll1ollil.alion or a paymenl of an
amount eqllallo the fullpaymelll tlr Ihe tllustalltling obligalion onlhe date of paYlllent.
Phlec of lJilJ.1).ll'n1 Alllwymelll" shall be IIInde 10 Vellios al whale vcr address is designated
in writing, and IInlil further lIolke nl1750 Ashland Drive, YUlk, Pennsylvania 17404.
Scenrilv. A~ security for pelfonnaoee by KnlsHi~; of the terllls al1<l cOlldilions contnined
herein. Katsilis aglees to exeCUle wlltelllporanelJll~ly with the wilhin Agreell1ent a Sluck Pledge
Agreelllent pledging the aforesaid 25ll shnres of I'latanos, 11Ic. as sel'mity to IJc held by Charles E.
Shields, lll, ES'luire, 2 West Main Street, Mechallicsburg, Pennsylvania 17055, as allomey for
Vellios until fuIl pcrformancc under Ihe tertns of tbis Agreelllent.
As fnlther se';lIrilY fur perfurmanee by Kalsifis of the telll1S and conditions contained herein,
Tony Koukounas, dues hereby agree 10 pelsonally guaJ1\utee the perfunllance of Kalsifis of llie
terl1l~ nnd l;Onditiolls of this Agl1:emenl. To secule said Guarantee, Koukounas dues hereby agree
to eKecule contellll"Jrancously with Ihe within Agreement a Slock Pledge Agreelllent pledging 250
shares of Platanos, Inc., represellting his entire ownership interest.in Platanos, Inc. Said shares
shalllJc held by Ruocn G. Frey, Esqnire, 5 South lIanover SUI:CI, C..ulisle, Pennsylvania 17013,
as altomey for Johll Kmsifis. PlUvidcd. however, that all par lies Iter"to al:knowledge thattlie Stock
I'ledge Agreement given by Koukonn:Js to Vellios is suburdinate and inferior to n Stuck Pledge
Agreement given by Kuulounas to John Katsifis. Tony Koukouuas and Bill Katsifis each agrees
to execute n delll:II1l1 not", c(Higlletl by each p<lrty's lespcl'live wife, in the alllount of $95,000.00
as further security alld as surely anrl gnarantee of the saitlperfunnanecs by K.'1tsifis.
IlIcitlcnls of f)\\'n~rshiI). It is also ngn:edlJclweelllhe parties hereto that without regard to
any of the l'l1Jvisi'"ls 10 the conll;u)' fl'!',:mling the holding or pledging of slock cenifientes,
KaL~ifis shalllJc clllitletltu nlllhe incirlents of owner:;hip ill the sail.! shares of stock in Platanos,
JIIC. nnd shall oc ('ntitled to Icecivc fcrus, issues, and I'lUliL~ frum the dale of tliis agreement.
Provided, huwever, that Katsilis anrl J(unkoullas aglee Ihat as ownen;. omeen;, and directors of
I'lat:lIlos, Inc., the)' WiUllot wilhuutlhe expless wlitren consent of Ve\Iios nnd JolU! Katsifis, issuc
a,tuilional shares of l'omlll"" or IlIefelled stock, or lesllnclule 01' Il:cnpit:llize the stock structure of
1'1.11<1110S, Inc. Kal>ifis alltl Konkoullas nl',ree that IlLither of them shall assigll, sell, transfer or
olhenvise fllllhcr '.ncn,"l.~r any 511:111": of I'lal:Jllos, JIIC., until suclt lime as Vellios and John
!:al,ilis arc paid ill full. '11,,' 1I'~llicli"ns :lIld nglt'eult'nts wilh respcl'tto the shares of Platmlos
~hall CI)lltillue and be in full f\lIn' and "'fed ,,"ly until Vl'lIios :l1It1 John Katsilis arc paid ill full
unJer the leflns of Ihis Agn:elll"llt.
l,lTliCTICAT1D 111'
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,\1I11IENTI\ ''''1 U) II Y
I~;n,ilis:
A\J'lllEtrrICATEfJ BY
Koukounas:
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(l1l)'1IH"lll uf the :;aj'!I'1I11 ILl<,I' (IIi' I' ill r,lIlll:,' ~::lt',ill';. V,'lIir ,', :,11:111 jlillllllllly ..h:li....er II t l:al';ili:; tilt"
/.jU sh.lIC5 or still. L illl'Lu,IIlIl';, 11\1:, \'.hid. i'; pkd)',t'c1:1'; :,," llIit] IIII' 1}('IIt'IIII;lIlt'I' lJY L;\I~;i1i'; Ill'
lhe tClIW; om] (ullditioll:i ur llli~ ^gll"'_'lIlellt, IIlltl Vdlio:. :;halllllulllplly sign a gl'II<':I"1 Jt'ka~;c in
favor of Kalsifi3 awl KOllkollll:l~.
l!.dilUU. 111 Iht' el'cllllh" :,:lid I':al,;ili,: :;halll.lill" IIla\.t. all)' 1I1011lhl)' pa)'1I1cllt for a peJiod
of Ihilty (.10) d:l)'" aCler the S,II"" ,.halll"II'" 1""'."111'_' dill' :1I,d p;ly:lI,k b)' Ihe 1l'III1S 1\I'Il'of, or if a
breach uf allY tll the fOIl'goill!" cOlldilitlllS I..; lIIade I.)' I ::n:.ifis, Ihell alld ill slIch cas.: Ihis
Aglcclllellt shall. at the oplioll of Vellitl5, bccollle 111111 alld void nlltlthe said K:llsifis shall ftllfdt all
lIlullics thcII paill a,; Ii'l"i,!ale" dalllaJ'.e5. III the altelll:llive, Velliu5 lIlay clect tu have the clllilC
plincipal sumlClII:lininj'. unpaid i"'COIIIl: due lInd payable :It ul\l'e al\llmay IJc cullect.the S<tlll~ by
suit ur olherwir'c. l'luvi,letl, howevcr,lhatthat nt) such defaull shall occur unlcss Vclhus hlls given
Katsifis nlll! nny III her sh:lrehlll,kls uf I'lncauus, Inc. at kast thilly (30) days writlcnnolkc uf such
viola lion uf till: (<'I IllS helcof. l:atsifi5, "I' any olher ::haleholder of Platanus, Inc. shall havc tile
light to correct 51\<:h default dmillg saillthirly.day Pl'liod, plUvided, huwevl:I', that s:tid cmin!\ pmty
give at Icast CiCteCII (15) days wrillennutice uf inteutto cme said dcCault. If a sharehulder e1ccts to
cure the dcfault uf KatsifiS, said shareholdcr shall
a. Complctcly curc Ihc dcfault of Katsifis
Il. Exccute an nl~leemcnt assuming all of thc lCIIIlS uf lhis AI\Il:cmcnt.
c. Execute a stock pledge nl\recmcnt in same furm as thc Stock Pledge Agreemcnt
exccuted Ill' KalSifis pursuant to this Agrccmcnt.
If said sh:1I eholder clecls lo lemedy tile default alld lIssnme thc obli[lations of Katsifis,
Vellios and Kntsifis will fully wopcrate in the assignmcnt of Katsifis's shml:s uf I'lnlanos Inc.,
subject 10 the Stock Plcdge ngn:cmcnt, tu the assuming sharcholdcr.
NunlVatn'!:..!!~!lts. Acccptallce by Vcllius uf any uf the nfOlesaid monthly paymcnts
aCter thc same shall hnvc occonlc p:tst duc ami in default, ur any failure to enforcc any uf the rights
hcrein teSclved I') the )lallies of thc first part, ur rillY uf the pcnaltics, fOlfeiturcs, danmgcs or
conditiuns herciu cuntamed, shall nut in any wisc Ix: ctJnsidcled a waivcr uf tllC right to cnfurce
lhe samc at any time nnd any atlelnpt 10 collect the amount due by one procceding shallnol IJc
considcred a waivcr uf thc lil:hL tu institutc aoy uf the olher I'lucccdings hCI1:in provided,but all uf
Ihe rights of Vdlios, o.nd all fUlfcitures, penal tics, damagcs o.nd conditions lIIay lx: cnforced
togcthcror successively o.t thc opliun ofVcllios.
CovenuUIJlfJ( '" CO!1lUtl~. Vcllios aglccs tl<.,t he will not, either o.s o.n individual ur in o.ny
ulher busincss f"III1, direclly ur indireclly, cntcr inlo compelition Wilh I'latmlos, Inc. or cngagc in
Ihe same or silllilar typc of baseness ILS thc Windsor Family RCSlaUlant whetllcr lIS a principal,
agcnt, cmploye,', ur straw pallY within n len (10) lnile radius of the Windsor Family Itcstaurant,
located nt the comcr of Trindlc and Windsor Road for n paiO<! uf lIuce y= from II Ie date of this
Conlntct. .
Wnrranties "nil lndcnlflificnllolls:
.Wllrra!![LH'Caulj)J~u.\cs. Vcllj'JS hnelly wanants IIlat all LUCS owed by
I'JaL1nus, IlIe., includillf', leal c5latt:, illl'Ollle, alld l'lllp(llale taxcs nml uncmploymenl
cOlllpens:i1iOnl'Olllliblllion for ptillr yeal shave !>ccn p.Ii,I, cll:ecplin[l thosc set fOllh on
Exhibil "An, atwched helelo amI incorporaled helein. Veil ius nf',lecs 10 indemnify and
defend I:atsifis fur his shale lIf any lax defidencies owed or nlleged to lx: owed Ill'
A1Jl1lENTICATED BY
Vellius:
AU'I1IENTICA'IHI BY
Kal5ifis:
AU'l1lENTICA'I1iD BY
J(uukuunas:
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I'la(;lIl11~. Jill', fur 111'1/ ;\lld IHilll YI',If:;. \'1'11111', W;IILIIi{~; IlIat 0\11 :;;lid Lp',I"j and
a~~l."~~l1l1'lll~i dill" iUl.'Pllll!'f filtll willi (hl~ "ill'lilliilll uf l'J;II;II\1I~~. IllC'. :tlld ihe \Villd:;llf
1:~lIl1ily I\l':;lalu;llH III ;IllY viI)', lUtlllty, ~tH{.. <<II" kd"l,d I'l'VellllIWII(al :ll'.nl(:if.'~;, ~halll.)I_~
paid in full up tv tl\l: datr pC s"llknwnt alld Ihat all dll" Irllllll", filII 11,;, alld 1;1<'."; 1\'l(lIiled
lo be filed wilh said agcncies havc Occnl'",pcaly likd and paid as of lhc sculclllcnl .Iall.',
or will be so filed alllll'aid in duc coursc thcll:aCt'T.
l\'arla!!l.LHl.:"'-tliJ'l.:a.';~~L::LlI!!\!.liabilili~:! .uLL\'flL'lralit.!!!.. Ycllill'; hClchy
w:tllauts lhal Ihe a~SI;IS alld liahililks ~IC a~; fll'( IIHIII llll Exhihit "A" attached herell)
aud iUCOlI'OIatcd hCldn by lefclcncc. Vdlio,; shall indellluify Kalsifis for Katsilis's
sharc of thc "olporatc olJlication for auy dclJl~ lIot discluscd to Kat~ifis 011 Exhibit
"A".
llalT.iJlll v of (\JJ!D1D_!lilLllillLG.!l.Y.nlJl!!l:llLL~l.:UI:JliollS. Vclliu5 Wlllran!:;
that hc is nllt aW'lIc IIf any govcrlllllcnlal lIuticc5 conccl'lling any violaliolls of any
Fcdcral, Stile or local law, IlIlc or rcr,ulation, nor of any wOlk rCl!lIill:d to be IlClfoflncd
or allY asses',llIcnt for 11IIY lhinl'. whalf.ocvcr, indudillg, but not fimileu to, sidcwalk,
SlI1:ct, water und sewcr, an,\ other such i1l1pllJVCII,,:lIls. Vcllius warrants that the existillg
utilitics arc sufficicnt to scrvicc thc pl1:lIliscs ami ils Cllll1:nt opcrations. Vcllios warrants
that the: exisling use of the pr1:miscs is a IlClIllittctl usc undcr all applieablc wning
onlin3.nces, III' that 3. ccltific3.te of lIon-<onfululancc frulII the appmpriatc zoning
officials shall be providcd on or before settlcmcnt,
TIJII ralll v of Cl}l!Jlllliw~!!loLtaS~~I)jj~lti'JIIs. Vcllios warrallts thatlhe
Lease Agrel'lllcnt attachctl hcrcto as Exhibit "II" is thc currcnt agreclllcnt betwccn
Platanos, IlIL and Weis Malkcts andlhat tllCIC havc Occn 110 mudificaliolls, wlittcn or
oral, of tile 1':flllS lhclCUf. Vclli05 fUltller warrants Ihat he is unaware of any ulIclllcd
violations of uny of thc t"II\1"o of said Icase and that he lHl.~ receivcd 110 notice of default
in tile tcrms of thc leasc, Katsifis nckllowlctlccs that said Lease conl.,ulls a pcrsonal
guarantee bJ Vcllios and Nicholas Barakos, n furlllcr shareholdcr, Katsifis IInd
Koukouna5 l'ach covcnants that he willmuke nlll1:asonable cfforts to remove Vcllios's
guarantce fllllll future leasc agreemcnts. Unlil such lime as Vcllios is no longer a
guarantor of tile Icase obligation with Wcis Malkcl~, Katsifls and Koukounos will
indclilllify, defcnd and hold Vcllios hallnlcss flOIll any liability llrising from said
I'crsonal guarantee, fmthcr, fur os long tllis Acrccmcnt is ill effeet, KlItsifls and
Koukounas acrce tllBt thcy will cause l'lalanus, Inc. to delivcr by oonk-to-bank wire
tr.IIIsfer, the montlily rental paymcnts to WcL~ M:ukcts IInd will provide Vellios witll
copies of tllC bank receipt evidencing said 1nIl1sfcr.
~Yllrralll v of ill'::UEilUJ:J:.. Katsifis and Koukounos wth warrant that tlley have
madc npl,lkalion fur and the corporation will pay fur business intelruption insurancc,
the tcnns or which ore as set folth on Exhil;it "1.1", attached hcreto and incorporated
hcrein by refcrence, K,'I.~ifi5 nnt! Koukouna5 warrallt that tlley will cause Platanos,lnc.
10 keep said insurancc in full fOlee ant! effect nnd shall forw:ud copics of tile renewal
dcclaraliollS to Vcllios for tile lifc of tillS Agreemcnt IIlld Guarantee.
AlfI1lGnK't\'ll'llll \'
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Kal,;ilis:
AU'lIlEtfrICATEIJ BY
Koukounas:
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walJanlics vI" Vcllit I:' I,,'illg Ill1f~ and l'l inn:t :1( 11I1~ :,t~(fkllh'lIl (1;Ile", AllY c.'XPIt",'.S
nJllrillgcflcy ill (hi:; ^1;I("f:IW'lll 111;1]' he waived ill wlilillJ~ b.y 1I1l" I'ally III t)(~ hellcfilnlllY
(lie ('olltillgCIICY al r11l~ Ijlll<~ IIf :\Ctllellwllr.~ JII t11/~ (,"'"f.'1I1 Iha( illI)' ~i1Il.:!1 nmting"J1cy r:db
this Agrcclllcllt shall k 1111" 'lIld void allll all d"posit II II III it's sJlall be IctUIIICd tu
Kmsifis wilhout ,It-dllclioll alld wirhout fllllhcr liol,ililY hc(('ulldcr Oil the pall of eilher
1"lIly Ilclrlo. All \\,;IILIIUI,,,, ill Ihis ^l~"',,,"('"r, lIot t'XI',"s~ly waived shall alsll Ix~
cOlIsid,',cd covellallr:; of Ih,', 1\):r"1'1I11"1I1 'Ifld ,"')' f;III",,, of allY warrallty shall Ix~
l'ollsideled a ddallh ill 1111" I"'''''; of Ihe agl Cf'f Ill' II I I,y Ihl' bn'a,'hillr, pally lI/IIl shall
cntitlc thc nOllblracllilll) l'a'lies tll allthc lights aud lesjlOllsibilitics UII dcfault as sct
furth in this Agn:Clllcnl. I'lllviLlctJ, huwcvcr, thol the bleaching party shalllJc cluitled tu
cure thc failure of nny Wourallly within thilly (30) da)'s flUm lhc datc hc Icccives wrillcn
noticc of tJlC failure of nllY WoU rallty givcnby him.
Cnruol'ale Hreords. KlIukllullas nnd Kalsifis nglec that, as officcrs, directors nlld
shareholdcrs of Platanos, JIIC., they shall aUlhurizc the person or persons responsiblc fur Ihc
kecping of the Looks, nccoUUlS, nlld lrconls to make available to Vcllios on a momhJy basis a
statcmcnt of thc incomc nlld rxpeuses uf Platanus, Inc. in a fonu substnnlially tJlC snmc as lllc
monthly reports now plcparcd fur Platanos, Inc. by Gift Sniegocki & Associatcs, thc most recclll
U10nlllly repolt lJcing allachcd hcretu ns Exhibit "C".
luddenls or Hefault. Default shall Ix: delilled as a Im:nch of any of tJlC tCllns of this
Agreemcnt, including:
n. r:ailure of Kntsifis tu mnkc any paymcnt ns aforesaid.
b. Dreach of any of lllc aoovc-st.1ted warrantics.
c. Entry intu bankruptcy under llny chaptcrof Ille llankIUJltcy OxIc.
d. Dreach of thc tcnus of lllc leasc by PlaLlIIos,lnc.
c. A penuanent ccssation of business known as thc Windsor r:amily Rcstaurnnt.
f. Failure of Plat.1/10S, Inc. to pay nJI (;\Xes when duc, unlcss thcre is a good failll
dispute eoncemlng said taxes.
g. Dreaeh of thc covcnantnot to compctc by V cllios.
1!r.l:.1.ct!. In thc event of default under the tcnns of lllis Aereclllcnt, lllc party breaching lllis
conlrnct shaIlIJc Icsponsiule fur payment of Icgal fccs and costs incum::d lly llle other in cnfuleulg
ll,cirrights under tlus Ar.,cclllcnl. Shuuld Klltsifis (Jlcach Ihe tl'1lI1S of lllis Ar.rcClllClll nnd shuul,l
said breach not IJc cun:d ns pluvkkJ ill this Aglccmcul, Veil ius shall havc lllc right 10 dccl;uc this
Agrecmcnt null and void amI to Icll1in nllpo)'llIcnts Icceived ns liquidated dalllages. Vellios shall
furtJler havc thc optiunto Ic-cnter nnd opet;llc thc WilldslJr Family Rcstnurantns owncr pursunnt
to Ihc Slock Pledgc Ar.lrcmcnls, or, inlhe alternalive, hc sllall havc Ll,c option to nccelcr;ilc as duc
aud iuuncdialcly poyablc, the cUlile ullpaid I'dllcil'al ntlllJUllt ns cvidcnced by lhc DcnL1/ld Noles
cxecuted by Kntsifis and KoukuuIIOs alld to collccl thCICOll. NOlhillg herein containcd shall
rcstrict any rights hc may have to GO nGaillst TUllY Koukoullos C( ux., upon nllY guarnntcc or surcty
or olllcr agreement.
AUT! IENTICA'IBJ IJ Y
V cuios:
Au'n IEHTlCi\TEfJ IJ Y
Knr.sifis:
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AlJ111EN'1lCi\ lUD IJ Y
Koukounas:
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Vllllios.Kalsilis amolt
1 st Payment: 5/26/93 Saloon Pmt: 10,000.00
Payment amount' 3,000.00 10/26/93
Pml, No. Payment Interest Principal Balanco Amount Paid Date Paid
1 3,000.00 633.33 2,366.67 92,633,33
2 3,000.00 617.56 2,3112.44 90,250.89
3 3,000,00 601.67 2,398,33 87,852,56
4 3.000.00 585.68 2,414.32 85,438.25
5 3,000.00 569.59 2,430.41 83,007,83
6 13,000,00 553.39 12,446.61 70,561.22
7 3,000.00 470.41 2,529.59 68,03 t .63
8 3,000,00 453.54 2,546.46 65,485.17
9 3,000.00 436,57 2,563.43 62,921.74
10 3.000.00 419.48 2.580.52 60,341.22
11 3,000.00 402.27 2,597.73 57,743.49
12 3,000.00 384.96 2,615.04 55,128.45
13 3,000,00 367.52 2,632.48 52.495.97
14 3,000.00 349.97 2,650.03 49,845,94
15 3,000.00 332,31 2.667.69 47,178.25
16 3,000.00 314.52 2.685.48 44,492.77
17 3.000.00 296.62 2,703.38 41.789,39
18 3,000.00 276.60 2.721.40 39,067.99
19 3,000.00 260.45 2,739,55 36,328.44
20 3,000,00 242.19 2,757.81 33,570.63
21 3,000,00 223.80 2,776.20 30,794.43
22 3,000.00 205.30 2,794.70 27,999.73
23 3.000.00 186.66 2.813.34 25,186.40
24 3.000.00 167.91 2.832.09 22.354,30
25 3.000.00 149.03 2,850.97 19,503,33
26 3.000.00 130,02 2,869.98 16,633.36
27 3.000.00 110.09 2,069.11 13,744.24
28 3,000.00 91.63 2,908.37 10,835.87 I
29 3,000.00 72.24 2,927.76 7,908.11
30 3,000.00 52.72 2,947.20 4,960.03
31 3,000.00 33.07 2,966.93 1,993.91
32 2,007.20 13.29 1,993.91 0.00
Authenticated by Vellios:_ .... .
Pago 1
Aulheoticated by Katsifis:
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