EXHIBIT 10-L
SCHEDULE OF RELATED PARTY LEASES
EXISTING RESTAURANTS AS OF 1/15/97
LEASE EXPIRATION ANNUAL BASE
COMMENCEMENT DATE OF RENTAL ($)
LOCATION LANDLORD DATE INITIAL TERM AS OF 10/27/96 1/
BURGER KING RESTAURANTS:
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Indiana
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Michigan City Bendan Properties 09/01/86 09/30/06 85,404
Plymouth Bendan Properties 06/22/84 06/30/04 52,596
Mishawaka #1 Bendan Properties 08/29/84 08/31/04 63,048
Goshen #1 Bendan Properties 10/25/84 10/25/04 80,496
LaPorte F & S Realty 03/26/85 03/31/05 73,896
Mishawaka #2 Bendan Properties 05/15/85 05/31/05 75,324
Fort Wayne #1 B.K. Fort Wayne Properties 08/01/86 08/31/06 58,632
Mishawaka #3 Bendan Properties 09/19/86 09/30/06 73,248
Fort Wayne #2 B.K. Fort Wayne Properties 11/01/86 11/30/06 78,240
Warsaw Bendan Properties 11/22/86 11/30/06 69,876
South Bend #2 Bendan Properties 01/08/87 01/31/07 82,032
Huntington B.K. Fort Wayne Properties 06/12/87 06/30/07 54,960
Fort Wayne #3 B.K. Fort Wayne Properties 10/26/87 10/31/07 95,148
Fort Wayne #4 B.K. Fort Wayne Properties 12/01/87 12/31/07 93,996
Columbia City B.K. Fort Wayne Properties 04/01/89 04/30/09 94,500
Angola B.K. Fort Wayne Properties 06/01/89 06/30/09 94,500
South Bend #3 Bendan Properties 09/26/89 09/30/09 69,024
South Bend #4 Bendan Properties 12/13/89 12/31/09 94,500
Bluffton B.K. Fort Wayne Properties 12/10/90 12/31/10 84,372
South Bend #5 Bendan Properties 01/21/91 01/21/11 111,672
Kendallville B.K. Fort Wayne Properties 04/11/91 04/11/11 74,256
Goshen #2 Bendan Properties 07/01/92 07/31/12 86,400
South Bend #6 Silver Creek Plaza, Inc. 05/27/94 05/31/04 100,080
Goshen #3 F & S Realty 2/ 3/ 35,000
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Michigan
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Benton Harbor #1 Bendan Properties 10/31/90 02/14/03 18,528
St. Joseph Bendan Properties 12/31/86 12/31/06 108,156
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1/ Total annual rent for related party leases for Burger King restaurants
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equals Annual Base Rental plus an amount by which 7% of the restaurant's
gross sales (8-1/2% of the restaurant's gross sales in the case of related
party leases with William R. Schonsheck or Shon-Cass) exceeds Annual Base
Rental (the "Percentage Rental").
2/ Lease is to commence upon the sooner of the first day of operations or 120
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days after November 19, 1996; as of January 15, 1997, the restaurant was not
yet operational.
3/ Initial term is ten years from date of commencement of lease (see note 2).
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Benton Harbor #2 4/ J & B Realty 08/24/81 12/02/06 5/ 68,112
Woodhaven Fitzpatrick Properties 10/23/85 10/31/05 95,196
Highland Fitzpatrick Properties 05/30/84 05/30/04 77,028
Muskegon #1 B.K. Muskegon Properties 07/01/84 07/01/04 72,888
Norton Shores B.K. Muskegon Properties 07/01/84 07/01/04 66,540
Hartland Fitzpatrick Properties 05/01/86 05/31/06 77,208
Stevensville Bendan Properties 06/19/86 06/30/06 72,804
Muskegon #2 B.K. Muskegon Properties 06/23/86 06/30/06 68,988
Howell Fitzpatrick Properties 06/22/87 07/31/07 78,300
Fremont B.K. Muskegon Properties 04/14/88 04/30/08 78,096
South Haven Bendan Properties 05/05/88 05/31/08 74,004
Taylor #2 Fitzpatrick Properties 09/12/89 09/30/09 87,744
Whitehall B.K. Muskegon Properties 07/06/90 07/30/10 92,472
Dowagiac Bendan Properties 04/10/91 04/10/11 74,256
Brighton Fitzpatrick Properties 09/17/92 09/17/12 121,500
Farmington William R. Schonsheck 08/14/95 10/01/03 89,208
Belleville #2 Shon-Cass 08/14/95 12/31/05 118,926
BRUEGGER'S BAGEL BAKERIES:
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Vermont
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Burlington Howard Opera House 12/31/90 12/30/00 46,600
4/ Percentage Rental is based on 8% of gross sales.
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5/ Lease was extended on 12/3/96 to 12/2/2006.
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