Exhibit 10.31
June 26, 1997
Xx. Xxxxxxx X. Xxxxxxxx
XX AMERICA, INC.
P.O. Box 611165
Birmingham, Alabama 35261-11965
RE: Puerto Rico Development
Dear Xxxx:
I am writing to confirm our agreements and understandings with respect to
the rights of PJ America, Inc. ("PJAM") to develop the Island of Puerto Rico
(the "Territory"). By Letter Agreement dated May 20, 1996 (the "Letter"), we
granted PJAM an option to acquire development rights to the Territory.
We are currently working on final plans for commissary equipment and
supply, and expect to be in a position to sign the Development Agreement on or
before August 1, 1997. However, this letter confirms PJAM still has the option
to develop the Territory. If you have any questions or comments concerning
PJAM's development rights in Puerto Rico, or if we may otherwise be of further
assistance, please don't hesitate to give me a call.
Very truly yours,
PAPA XXXX'S INTERNATIONAL, INC.
Xxxxxxx X. Xxxxxx
Vice President and Senior Counsel
RJE:kw
cc: Xxxxxxx X. Xxxxxxxxx
