Subsequent to year end, the Company entered into a ten year licensing agreement with an entity owned by minority interest owners of certain non-restaurant operations. The licensing agreement transferred the right and license to use certain assets of these non-restaurant operations. License fees, payable over the term of the agreement, total approximately $22,000,0000. Under the terms of a line of credit agreement related to the licensing agreement, the Company loaned this entity approximately $900,000 to fund working capital needs.