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EXHIBIT 10 (q)
AGREEMENT
This agreement made as of the 15th day of June, 2000 by and between
Frisch's Restaurants, Inc. ("Frisch's") and Elias Brothers Restaurants, Inc.
("Elias")
WITNESSETH:
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WHEREAS, Frisch's is the successor-in-interest to the franchisor and Elias is
the successor-in-interest to the franchisee under a certain Agreement between
David Frisch and Robert Manners Enterprises, Inc. dated June 25, 1953 ("Manners
Agreement"); and
WHEREAS, Elias is the franchisor and Frisch's is the franchisee under a certain
Restated and Amended Area Franchise Agreement dated as of November 2, 1987
("Restated Agreement"); and
WHEREAS, the parties desire to modify both the Manners Agreement and the
Restated Agreement;
NOW THEREFORE, in consideration of the mutual covenants herein
contained, the parties do hereby agree as follows:
1. The following shall be added to the end of Section 5 of the Manners
Agreement: "provided, however, that Frisch's shall be permitted to
operate Golden Corral restaurants in said counties during the term of
this agreement."
2. Subsection B. of Section 3. of the Restated Agreement shall be deleted
and the following shall be substituted therefor:
"B. Those portions of the State of Tennessee described on
Exhibit A and "
3. The heading and introductory paragraph of Section 22 of the Restated
Agreement shall be deleted and the following shall be substituted
therefor:
"22. ELIAS' OPTION TO DEVELOP BIG BOY RESTAURANTS IN CERTAIN
PORTIONS OF TENNESSEE - Notwithstanding the provisions of
Section 3 hereof, Elias shall have the option ("Franchisor's
options") to develop and franchise the development of Big Boy
Restaurants in any of the ADIs contained in those portions of
Tennessee that are included in the description of the
Franchised Territory ("Franchisor's Option Territory"),
subject to the following conditions:"
4. Exhibit A of the Restated Agreement shall be deleted and the following
shall be substituted therefor:
"EXHIBIT A
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Tennessee - Entire State except Counties of Anderson, Blount,
Campbell, Clairborne, Cocke, Cumberland, Fentress, Grainger,
Hamblen, Hancock, Jefferson, Knox, Loudon, Monroe, Morgan,
Roane, Scott, Sevier and Union."
This agreement contains the entire agreement of the parties hereto and
shall be binding upon and inure to the benefit of their successors and assigns.
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EXHIBIT 10 (q)
IN WITNESS WHEREOF, the parties hereto have caused their names to be
subscribed as of the date first above written.
FRISCH'S RESTAURANTS, INC.
By: /s/ Craig F. Maier
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Craig F. Maier, President
ELIAS BROTHERS RESTAURANTS, INC.
By: /s/ Anthony T. Michaels
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Anthony T. Micheals
Chief Executive Officer
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