Item 1.01 Entry Into a Material Definitive Agreement.

As of February 25, 2013, Ark Restaurants Corp. (the "Company") entered into a Credit Agreement with Bank Hapoalim B.M. (the "Bank"). The term loan is evidenced by a Promissory Note in favor of the Bank in the amount of $3,000,000 and matures on February 25, 2016. Interest shall accrue at an annual rate equal to LIBOR plus 3.0% per year. The term loan is expected to be used for acquisitions of entities or interests in entities.

In addition, subject to certain conditions, the Bank is prepared to extend for one year (with a one-year extension) an uncommitted Line of Credit of up to $1,500,000 to the Company and any subsidiary of the Company for the purpose of issuing standby letters of credit to support lease obligations of such applicant.

The term loan is secured by a senior secured interest in all of the Company's personal and fixture property, but generally not in any directly held investment property or general intangibles.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

See discussion in Item 1.01.

Item 9.01. Financial Statements and Exhibits.

10.1 Promissory Note made by the Company to Bank Hapoalim B.M., issued as of February 25, 2013.

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