Exhibit 10.22.1
AMENDMENT NO. 2
This Amendment is made as of the 3rd day of October,
1996, to that certain Agreement between Ryan's Properties,
Inc. and Family Steak Houses of Florida, Inc., dated July
11, 1994, and amended on October 17, 1994 (as amended to
date, the "Agreement"):
The second sentence of Section 5 entitled "Royalty
Fees" shall be deleted and replaced with the following:
The three percent (3%) rate will remain in effect
through December 31, 2001, at which time the rate will
change to four percent (4%).
In all other respects the Agreement shall remain
unchanged.
IN WITNESS WHEREOF, the parties have caused this
Amendment to be executed on their behalf by a person
thereunto duly authorized, as of the date first above
written.
RYAN'S PROPERTIES, INC.
/s/ Xxxxxxx X. Way
By: Xxxxxxx X. Way
Title: President and Chief
Executive Officer
FAMILY STEAK HOUSES OF
FLORIDA, INC.
/s/ Xxxxx X. Xxxxxxxxx, Xx.
By: Xxxxx X. Xxxxxxxxx, Xx.
Title: President and Chief
Executive Officer
