Item 1.01 Entry into a Material Definitive Agreement.
On August 18, 2009 Rocky Mountain Chocolate Factory, Inc. (the "Company") entered into a definitive Master License Agreement (the "Agreement") with Kahala Franchise Corp. Under the terms of the agreement, select current and future Cold Stone Creamery franchise stores are anticipated to be co-branded with both the Rocky Mountain Chocolate Factory and the Cold Stone Creamery brands. Locations developed or modified under the agreement are subject to the approval of both parties. Locations developed or modified under the agreement will remain franchisees of Cold Stone Creamery and will be licensed to offer the Rocky Mountain Chocolate Factory brand.
The term of the Agreement begins on August 18, 2009 and runs until the date upon which the last Co-branded store ceases to be open for business or unless earlier terminated by an event of either party's default.
This Agreement is the License Agreement contemplated by the Test License Agreement described on Form 8-K that the Company filed on April 21, 2009 and furnished as Exhibit 10.14 to the Annual Report on Form 10-K for the year ended February 28, 2009.

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