Exhibit 10.11
FIRST AMENDMENT TO DEVELOPMENT
AGREEMENT
This First Amendment to Development
Agreement (this “Amendment”) is entered into effective
as of February 17, 2005, (the “Effective
Date”), by and between TGI Friday’s Inc.
(“Friday’s”), and Main St. California, Inc.
(“Developer”).
WITNESSETH:
WHEREAS, Friday’s and
Developer are parties to a certain Development Agreement dated
March 15, 2004, with an effective date of January 1, 2004
(the “Development Agreement”), pursuant to which
Developer was granted the right to develop T.G.I. Friday’s
restaurants in portions of Southern California defined as the
Territory; and
WHEREAS, Friday’s and
Developer desire to amend and supplement the terms of the
Development Agreement as hereinafter set forth; and
WHEREAS, capitalized terms used
herein shall have the meaning attributed to them in the Development
Agreement unless expressly defined otherwise herein.
NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which is
hereby acknowledged by each of the parties hereto, Friday’s
and Developer agree as follows:
1.
Section 3.A.(iv).
of the Development Agreement is
hereby deleted in its entirety.
2.
In consideration of Friday’s
execution of this Amendment, Developer and its franchisee
companies, for themselves, thei
