Item 1.01 Entry into a Material Definitive Agreement.
On April 16, 2009 Rocky Mountain Chocolate Factory, Inc. (the "Company") entered into a definitive Test License Agreement (the "Agreement") with Cold Stone Creamery, Inc. Under the terms of the agreement, seven franchised stores are anticipated to be co-branded with both the Rocky Mountain Chocolate Factory and the Cold Stone Creamery brands. Four of the store locations will be selected by Cold Stone Creamery, Inc. and three of the locations will be selected by Rocky Mountain Chocolate Factory, Inc. The number of locations may be expanded, subject to the approval of both parties, in order to obtain sufficient information to evaluate the results of the co-branded test locations.
The term of the Agreement begins on April 16, 2009 and runs until April 16, 2010, unless earlier terminated by either party's 30 days advance written notice or, material default by either party. The term of any Franchise Agreements entered into between the Company, Cold Stone Creamery, Inc and selected franchisees of either party will be terminated subject to the terms of the Franchise Agreement and not the termination of the Test Agreement.
Depending upon the success of the co-branding test, the Company and Cold Stone Creamery, Inc. may consider a more extensive licensing relationship in the future. This Agreement is the Test License Agreement contemplated by the non-binding Letter of Intent described in the press release furnished on Form 8-K that the Company filed on October 15, 2008.

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