Item 1.01. Entry into a Material Definitive Agreement.

On September 11, 2009, Nathan's Famous Services, Inc. ("Services"), a wholly-owned subsidiary of Nathan's Famous, Inc., a Delaware corporation (the "Company") and One-Two Jericho Owner, LLC entered into a lease (the "Lease") for approximately 9,300 square feet of usable office space located in Jericho, New York to serve as the Company's corporate headquarters. On September 11, 2009, the Company entered into a guarantee of Services' obligation to pay rent under the Lease. The Lease commences on January 1, 2010, has a ten (10) year term, with a five (5) year renewal right. Base rent under the Lease is approximately $385,000 per annum with 2% annual increases; however, the Company has received an abatement of base rent for the first year and two months of the last year of the initial ten-year term. The rent for any renewal period shall be based on the then-fair market rent.

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