Star Buffet Inc filed second amended plan of reorganization in the US Bankruptcy Court on October 17, 2012. As per the amended plan, the Allowed Secured Claim of Naisbitt of $0.03 million will be paid in full as per the terms of the Naisbitt loan document. The effective date will be the first business day that is 30 days after the entry of the Confirmation Order.

Treatment of all other classes of claims will remain the same.