Franchise Capital Corporation (OTC BB: FCCN) announced today their Board of Directors have agreed to amend the funding agreement between the Company and Creative Eateries Corporation. The amendment eliminates the 5 day grace period and incorporates a 10% penalty on all amounts not paid after the payment's due date.

In a separate issue, Creative Eateries has agreed they will seek Franchise Capital's approval on all future press releases regarding Kokopelli Sonoran Grill and Comstock Jake's. Franchise Capital management voiced concern after a recent press release regarding Kokopelli Sonoran Grill.
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