NEW WORLD RESTAURANT GROUP INC
EXHIBIT 10.49
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<DESCRIPTION>EXHIBIT 10.49
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<P ALIGN="RIGHT"><FONT SIZE=2><A
NAME="ke4751_exhibit_10.49"> </A>
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<BR></FONT><FONT SIZE=2><B>Exhibit 10.49    <BR>    </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="ke4751_amendment_no._1_to_loan_and_security_agreement"> </A>
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<BR></FONT><FONT SIZE=2><B>AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENT    <BR>    </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment No.&nbsp;1 to Loan and Security Agreement (this "Amendment"), dated as of July&nbsp;18, 2002 is entered into with reference to the Loan and
Security Agreement dated as of May&nbsp;30, 2002 (as amended, supplemented or otherwise modified from time to time, the "Loan and Security Agreement") between New World Restaurant
Group,&nbsp;Inc., as borrower ("Borrower"), and BET Associates, L.P., as lender (the "Lender"). Capitalized terms used but not defined herein are used with the meanings specified for such terms in
the Loan and Security Agreement. Unless otherwise noted, all section references shall be to sections in the Loan and Security Agreement. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>RECITALS</B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to Section&nbsp;3.2 of the Loan and Security Agreement, Borrower agreed to make several deliveries to Lender within a specified number of days after the
Closing Date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrower
has requested that such periods be extended in accordance with the terms hereof and Lender is willing to grant such request. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Borrower
and Lender have agreed to amend the Loan and Security Agreement in accordance with the terms hereof with respect to Credit Card Agreements. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to the terms and conditions set forth herein, the Lender is willing to amend the Loan and Security Agreement as set forth below. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW
THEREFORE, in consideration of the foregoing and for other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows: </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
Section&nbsp;3.2(a) of the Loan and Security Agreement, the phrase "within 30&nbsp;days after the Closing Date" is hereby deleted and replaced with the phrase
"within 60&nbsp;days after the Closing Date". </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
each of Section&nbsp;3.2(b), (f)&nbsp;and (h)&nbsp;of the Loan and Security Agreement, the phrase "within 30&nbsp;days after the Closing Date" is hereby
deleted and replaced with the phrase "within 75&nbsp;days after the Closing Date". </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
Section&nbsp;3.2(d) of the Loan and Security Agreement, the phrase "within 60&nbsp;days after the Closing Date" is hereby deleted and replaced with the phrase
"within 75&nbsp;days after the Closing Date". </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.2(g)
of the Loan and Security Agreement is hereby amended to read: "within 75&nbsp;days after the Closing Date, deliver to Lender, Credit Card
Agreements duly executed by each credit card processor, other than Network 1 Financial and American Express, in form and substance reasonably satisfactory to Lender; and". </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
all respects, the terms of the Loan and Security Agreement and the other Loan Documents, in each case as amended hereby, are hereby confirmed. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
all purposes, this Amendment shall be deemed a Loan Document. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>THE VALIDITY OF THIS AMENDMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF, AND THE RIGHTS OF THE PARTIES HERETO
WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.</B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AMENDMENT SHALL BE TRIED AND LITIGATED ONLY IN
THE STATE AND FEDERAL COURTS LOCATED IN THE CITY OF NEW YORK OR THE SOUTHERN DISTRICT OF NEW YORK. BORROWER AND LENDER WAIVE, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO
ASSERT THE DOCTRINE OF  </B></FONT></P>

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<P><FONT SIZE=2><B> FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 7(b).</B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT
SIZE=2><B>BORROWER AND LENDER HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT
OF ANY OF THIS AMENDMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. BORROWER AND
LENDER REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF
THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>[Signature
pages to follow] </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN
WITNESS WHEREOF, Borrower and Lender have executed this Amendment as of the date first set forth above by their duly authorized representatives. </FONT></P>

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<TD COLSPAN=2><FONT SIZE=2><B>NEW WORLD RESTAURANT GROUP,&nbsp;INC.</B></FONT><FONT SIZE=2>,<BR>
a Delaware corporation</FONT></TD>
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&nbsp;</FONT></TD>
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By:</FONT></TD>
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<TD WIDTH="54%"><FONT SIZE=2>/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>ANTHONY D. WEDO</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Name:<BR>
Title:</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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<TD COLSPAN=2><FONT SIZE=2><B>BET ASSOCIATES, L.P.</B></FONT><FONT SIZE=2>,<BR>
a Delaware limited liability partnership</FONT></TD>
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&nbsp;</FONT></TD>
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By:</FONT></TD>
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<TD WIDTH="54%"><FONT SIZE=2>/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>BRUCE E. TOLL</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Name:<BR>
Title:</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<FONT SIZE=2><A HREF="#toc_ke4751_1">Exhibit 10.49</A></FONT><BR>
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<FONT SIZE=2><A HREF="#toc_ke4751_2">AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENT</A></FONT><BR>

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