Exhibit 10.15 ADDENDUM NO. 2 TO AREA DEVELOPMENT AGREEMENT THIS ADDENDUM No. 2, dated 7-25-98, is to the Area Development Agreement, dated as of December 5, 1997, and as amended by Addendum No. 1 dated of even date therewith, (as previously amended,...
Exhibit 10.15
ADDENDUM NO. 2 TO
AREA DEVELOPMENT AGREEMENT
THIS ADDENDUM No. 2, dated 7-25-98, is to the Area Development Agreement,
dated as of December 5, 1997, and as amended by Addendum No. 1 dated of even
date therewith, (as previously amended, the "Agreement"), by and between
EINSTEIN/NOAH BAGEL CORP., a Delaware corporation ("COMPANY"), and EINSTEIN/NOAH
BAGEL PARTNERS, L.P., a Delaware limited partnership ("DEVELOPER").
The following shall amend and be incorporated into the Agreement. In the
event of any conflict between the terms of the Agreement and the terms of this
Addendum, then the terms of this Addendum shall control. All capitalized terms
not defined in this Addendum shall have the respective meanings set forth in the
Agreement.
1. Exhibit E to the Agreement is hereby deleted and replaced, in its entirety,
with the Revised Exhibit E attached hereto as Schedule 1.
IN WITNESS WHEREOF, the parties hereto, intending to be legally bound hereby,
have duly executed this Addendum in duplicate as of the date written below.
COMPANY: DEVELOPER:
EINSTEIN/NOAH BAGEL CORP. EINSTEIN/NOAH BAGEL PARTNERS, L.P..
By: Einstein/Noah Bagel
Partners, Inc.
Its: General Partner
By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ By: /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
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▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Its: Vice President Its: Vice President
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SCHEDULE 1 TO
ADDENDUM NO. 2 TO THE AREA DEVELOPMENT AGREEMENT
BY AND BETWEEN EINSTEIN/NOAH BAGEL CORP.
AND
EINSTEIN/NOAH BAGEL PARTNERS, L.P.
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DATED 7-25-98
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REVISED EXHIBIT E
DEVELOPMENT SCHEDULE
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DEVELOPMENT SCHEDULE
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1. Store Development. DEVELOPER agrees to develop a total of Eight
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Hundred Eighty-three (883) Stores in accordance with the terms of this
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Agreement.
2. Development Obligations. DEVELOPER agrees to have the number of Stores
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specified below open during each specified "Quarter" shown below and to have
open and in operation in each Quarter indicated, the cumulative numbers of
Stores shown below:
Development Quota/ Development Quota/
Quarter Quarter Cumulative
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12/01/97 - 12/28/97 20 20
12/29/97 - 12/27/98 20 40
12/28/98 - 04/18/99 40 80
04/19/99 - 07/11/99 45 125
07/12/99 - 10/03/99 45 170
10/04/99 - 12/26/99 45 215
12/27/99 - 04/16/00 40 255
04/17/00 - 07/09/00 45 300
07/10/00 - 10/01/00 45 345
10/02/00 - 12/31/00 45 390
01/01/01 - 04/22/01 40 430
04/23/01 - 07/15/01 45 475
07/16/01 - 10/07/01 45 520
10/08/01 - 12/30/01 45 565
E-1
12/31/01 - 04/21/02 40 605
04/22/02 - 07/14/02 40 645
07/15/02 - 10/06/02 40 685
10/07/02 - 12/29/02 43 728
12/30/02 - 04/20/03 39 767
04/21/03 - 07/13/03 39 806
07/14/03 - 10/05/03 39 845
10/06/03 - 12/28/03 38 883
Total Development Quota for the
Development Area (the "Total
Development Quota"):
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883
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INITIALS:
COMPANY: SD
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DEVELOPER: PS
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E-2