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<title>Form 8-K</title>


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<p style='margin:0in;margin-bottom:.0001pt;text-align:center;font-size:12.0pt;font-family:"Times New Roman","serif";'><b><font size=2 face="Times New Roman">UNITED STATES</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font size=2
face="Times New Roman">SECURITIES
AND EXCHANGE COMMISSION</font></b></p>

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face="Times New Roman"><font style="font-size: 11.0pt">Washington, D.C. 20549</font></font></p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font size=2
face="Times New Roman">FORM 8-K</font></b></p>

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face="Times New Roman">&nbsp;</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font size=2
face="Times New Roman">CURRENT
REPORT</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><b><font size=2 face="Times New Roman">&nbsp;</font></b></p>

<h3 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Times New Roman","serif";'><b><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></font></b></h3>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">Date of Report (Date of
earliest event reported)</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">December 2, 2007</font></font></p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><b><font size=2
face="Times New Roman">Good
Times Restaurants Inc.</font></b></p>

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face="Times New Roman"><font style="font-size: 11.0pt">(Exact name of registrant
as specified in its charter)</font></font></p>

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  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Nevada</font></font></p>
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  border-left:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">000-18590</font></font></p>
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  <td width=162 valign=top style='width:121.5pt;border:solid black 1.0pt;
  border-left:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">84-1133368</font></font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">(State or other jurisdiction</font></font></p>
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  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">(Commission</font></font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">(IRS Employer</font></font></p>
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  border-top:none;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">of incorporation)</font></font></p>
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  none;border-bottom:solid black 1.0pt;border-right:solid black 1.0pt;
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">File Number)</font></font></p>
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  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Identification No.)</font></font></p>
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<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">601 Corporate Circle,
Golden, Colorado 80401</font></font></p>

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face="Times New Roman"><font style="font-size: 11.0pt">(Address of principal
executive offices)&nbsp;&nbsp; (Zip Code)</font></font></p>

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face="Times New Roman"><font style="font-size: 11.0pt">Registrant's telephone
number, including area code: (303) 384-1400</font></font></p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">Not applicable</font></font></p>

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face="Times New Roman"><font style="font-size: 11.0pt">(Former name or former
address, if changed since last report.)</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2.):<br>
<br>
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)<br>
<br>
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)<br>
<br>
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))<br>
<br>
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))</font></font></p>

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face="Times New Roman"><font style="font-size: 10.0pt">

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</font></font></div>

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</font>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'><font size=2 face="Times New Roman"><font style="font-size: 10.0pt">&nbsp;</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 10.0pt">&nbsp;</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'><font size=2 face="Times New Roman"><font style="font-size: 10.0pt">&nbsp;</font></font></p>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><b><font size=2 face="Times New Roman">Item 1.01&nbsp; Entry into a Material
Definitive Agreement.</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:justify'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

<p style='mso-style-name:"* Body Text 1";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:.5in'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">On December 3, 2007, Good
Times Restaurants Inc. (the &quot;Company&quot;), through its wholly owned subsidiary
Good Times Drive Thru Inc. (&quot;GTDT&quot;), entered into a Development Agreement (the
&quot;Development Agreement&quot;), a Management Agreement (the &quot;Management Agreement&quot;)
and a Site Selection, Construction Management and Pre-Opening Services
Agreement (the &quot;Site Selection Agreement&quot; and, together with the Development
Agreement and the Management Agreement, the &quot;Agreements&quot;), each with an
investment group, Zen Partners LLC, a Virginia limited liability company
(&quot;Zen&quot;), for the development of up to twenty-five Good Times restaurants.&nbsp; The
Company and GTDT are not required to invest any capital in the initial
development or continuing operations of the Good Times restaurants under any of
the Agreements.&nbsp; </font></font></p>

<p style='mso-style-name:"* Body Text 1";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:.5in'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">David Grissen, a
substantial stockholder of the Company and a member of the Company's Board of
Directors, has a substantial ownership interest in Zen.&nbsp; GTDT's entry into the
Agreements was approved in advance by the Company's Board of Directors.</font></font></p>

<p style='mso-style-name:"* Body Text 1";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:.5in'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">Under the Development
Agreement, GTDT grants Zen the exclusive right to develop up to ten Good Times
restaurants within specified counties in the Omaha, Nebraska and Des Moines,
Iowa area over a five year period ending on December 31, 2012.&nbsp; The Development
Agreement also grants Zen the option (the &quot;Option&quot;), exercisable at any time on
or before December 31, 2012, to develop up to an additional fifteen Good Times restaurants
in accordance with the terms of the Development Agreement.&nbsp; If Zen exercises
this Option, it shall pay a development fee of $25,000 per additional Good
Times restaurant to GTDT.&nbsp; If GTDT subsequently proposes to franchise or otherwise
establish any Good Times restaurant in the development area (other than those
being developed by Zen) and Zen is currently in compliance with the Agreements,
then Zen shall have the right of first refusal to develop and manage such Good
Times restaurant in accordance with the terms of the Agreements.</font></font></p>

<p style='mso-style-name:"* Body Text 1";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:.5in'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">The Management Agreement
provides that GTDT shall operate and serve as the manager for all of the Good
Times restaurants developed by Zen pursuant to the Agreements.&nbsp; Under the
Management Agreement, GTDT will be entitled to receive reimbursement of its
expenses in connection with its management of the Good Times restaurants as
well as a monthly management fee of 5% of gross operating revenues for each
Good Times restaurant.&nbsp; In addition, GTDT shall receive an incentive fee equal
to (i) 30% of the Incentive Income (as defined in the Management Agreement) per
year until Zen has received a 25% return on its net equity investment and (ii)
20% of the Incentive Income per year thereafter.&nbsp; The Management Agreement has
a term of twenty years, which will be automatically extended for five
additional years if Zen exercises its Option.&nbsp; Zen has the right to terminate
the Management Agreement under certain circumstances, including after five
years (or ten years if Zen exercises its Option) provided that Zen (i) pays a
termination fee to GTDT and (ii) enters into the then current franchise
agreement used by the Company for all Good Times restaurants to be developed
under the Development Agreement, pursuant to which each such Good Times
restaurant will continue to operate under the Good Times brand for fifteen
years.&nbsp; Under the Management Agreement, GTDT has a right of first refusal to
purchase any or all of the Good Times restaurants subject to the Management
Agreement before Zen may accept an offer to purchase such restaurants from a
third party, and GTDT has a right of first offer with respect to any proposed
sale by Zen of any of the Good Times restaurants subject to the Management
Agreement.</font></font></p>

<p style='mso-style-name:"* Body Text 1";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:.5in'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">Under the Site Selection
Agreement, GTDT has been engaged as a consultant to provide site selection
services, pre-opening services, construction management services, and lease and
sale leaseback negotiation services for the Good Times restaurants being
developed by Zen.&nbsp; In exchange for providing such services, GTDT will receive a
services fee of $25,000 for each Good Times restaurant to be developed and
reimbursement for its expenses.&nbsp; GTDT has agreed to provide a limited lease
guaranty on Zen's payments due under any leases obtained for the first three
Good Times restaurants to be developed in exchange for receiving a lease
guaranty fee equal to 1% of net sales of the applicable Good Times restaurant
for so long as the lease guaranty is in effect.&nbsp;&nbsp; GTDT has also agreed to
arrange sale leaseback transactions for any Good Times restaurants sites in
exchange for receiving a sale leaseback fee of $7,500 per Good Times
restaurant.</font></font></p>

<p style='mso-style-name:"* Body Text 1";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:.5in'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">The foregoing summary of
the Agreements, and the transactions contemplated thereby, is subject to, and
qualified in its entirety by, the complete text of the Agreements, which are
filed as Exhibits 10.1 through 10.3 to this report and are incorporated herein
by reference.</font></font></p>

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  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=3 face="Times New Roman"><font style="font-size: 12.0pt">2</font></font></p>
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</font></font></div>

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</font>

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<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'><font size=2 face="Times New Roman"><font style="font-size: 10.0pt">&nbsp;</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 10.0pt">&nbsp;</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'><font size=2 face="Times New Roman"><font style="font-size: 10.0pt">&nbsp;</font></font></p>

<p style='mso-style-name:"* Body Text 1";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:.5in'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">On December 5, 2007, the
Company issued a press release announcing that GTDT had entered into the
Agreements.&nbsp; A copy of that press release is filed as Exhibit 99.1 to this
report.</font></font></p>

<p style='mso-style-name:"* Body Text 1";margin-top:0in;margin-right:0in;margin-bottom:12.0pt;margin-left:0in;text-indent:1.0in;font-size:12.0pt;font-family:"Times New Roman","serif";text-align:justify;text-indent:.5in'><font size=2
color=black face="Times New Roman">Information
contained in this report, other than historical information, may be considered
forward looking in nature and is subject to known and unknown risks, which may
cause the Company' s actual results to differ materially from results expressed
or implied by the forward looking information.&nbsp; These risks include such
factors as the pending and uncertain nature of the reported restaurant
development plans and the ability to implement those plans, delays in
developing and opening new restaurants because of weather, local permitting or
other reasons, increased competition, cost increases or shortages in raw food
products, and other matters discussed under the &quot;Risk Factors&quot; section of the
Company' Annual Report on Form 10-KSB for the fiscal year ended September 30,
2006.&nbsp; Although the Company may from time to time voluntarily update its
forward looking statements, it disclaims any commitment to do so except as
required by securities laws.</font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:justify'><b><font size=2
face="Times New Roman">Item
9.01&nbsp; Financial Statements and Exhibits.</font></b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:justify'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="91%"
 style='border-collapse:collapse'>
 <tr>
  <td width=48 valign=top style='width:.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">(d)</font></font></p>
  </td>
  <td width=624 valign=top style='width:6.5in;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Exhibits.&nbsp; The following exhibits are filed as part
  of this report:</font></font></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-indent:.5in'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0
 style='width:1050;border-collapse:collapse'>
 <tr>
  <td width=67 valign=top style='width:50.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font size=2
  face="Times New Roman"><font style="font-size: 11.0pt">Exhibit</font></font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><u><font size=2
  face="Times New Roman"><font style="font-size: 11.0pt">Number</font></font></u></p>
  </td>
  <td valign=top style='width:983;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><u><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></u></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><u><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Description</font></font></u></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:50.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font size=2
  face="Times New Roman"><font style="font-size: 11.0pt">10.1</font></font></p>
  </td>
  <td valign=top style='width:983;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Development Agreement dated December 2, 2007 between
  Zen Partners LLC and Good Times Drive Thru Inc. <br>
  <br>
  </font></font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:50.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font size=2
  face="Times New Roman"><font style="font-size: 11.0pt">10.2</font></font></p>
  </td>
  <td valign=top style='width:983;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Management Agreement dated December 2, 2007 between
  Zen Partners LLC and Good Times Drive Thru Inc.</font></font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:50.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font size=2
  face="Times New Roman"><font style="font-size: 11.0pt">10.3</font></font></p>
  </td>
  <td valign=top style='width:983;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Site Selection, Construction Management and
  Pre-Opening Services Agreement dated December 2, 2007 between Zen Partners
  LLC and Good Times Drive Thru Inc.</font></font></p>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>
  </td>
 </tr>
 <tr>
  <td width=67 valign=top style='width:50.15pt;padding:0in 5.4pt 0in 5.4pt'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font size=2
  face="Times New Roman"><font style="font-size: 11.0pt">99.1</font></font></p>
  </td>
  <td valign=top style='width:983;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Press release of Good Times Restaurants Inc. dated
  December 5, 2007</font></font></p>
  </td>
 </tr>
</table>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:justify'><font size=2
face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

<h1 style='margin:0in;margin-bottom:.0001pt;text-align:center;page-break-after:avoid;font-size:10.0pt;font-family:"Times New Roman","serif";font-weight:normal;text-decoration:underline;'><b><font size=2 face="Times New Roman">SIGNATURES</font></b></h1>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;text-indent:.4in;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="1161"
 style='border-collapse:collapse'>
 <tr>
  <td valign=top style='width:224;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>
  </td>
  <td colspan=2 valign=top style='width:909;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">GOOD TIMES RESTAURANTS INC.</font></font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:224;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>
  </td>
  <td valign=top style='width:4;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>
  </td>
  <td valign=top style='width:891;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:224;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Date:&nbsp; December 5, 2007</font></font></p>
  </td>
  <td colspan=2 valign=top style='width:909;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">By:&nbsp; /s/ <u>Boyd E. Hoback</u></font></font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:224;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>
  </td>
  <td valign=top style='width:4;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>
  </td>
  <td valign=top style='width:891;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">Boyd E. Hoback</font></font></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='width:224;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>
  </td>
  <td valign=top style='width:4;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>
  </td>
  <td valign=top style='width:891;padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">President and Chief Executive Officer</font></font></p>
  </td>
 </tr>
</table>

<div>

<table cellspacing=0 cellpadding=0 hspace=0 vspace=0 align=center>
 <tr>
  <td valign=top align=left style='padding-top:0in;padding-right:0in;
  padding-bottom:0in;padding-left:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=3 face="Times New Roman"><font style="font-size: 12.0pt">3</font></font></p>
  </td>
 </tr>
</table>

</div>

<br clear=ALL>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=1 face=Arial><font style="font-size: 8.0pt">&nbsp;</font></font></p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";text-align:center'><font size=2
face="Times New Roman"><font style="font-size: 10.0pt">

<hr size=2 width="100%" noshade style='color:navy' align=center>

</font></font></div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";line-height:1.0pt'><font size=2 face="Times New Roman"><font style="font-size: 10.0pt">&nbsp;</font></font></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:10.0pt;font-family:"Times New Roman","serif";'><font size=2 face="Times New Roman"><font style="font-size: 11.0pt">&nbsp;</font></font></p>

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{"company-data": {"conformed-name": "GOOD TIMES RESTAURANTS INC", "cik": "0000825324", "assigned-sic": "5812", "irs-number": "841133368", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-18590", "film-number": "071289307"}, "business-address": {"street1": "601 CORPORATE CIRCLE", "city": "GOLDEN", "state": "CO", "zip": "80401", "phone": "3033841400"}, "mail-address": {"street1": "601 CORPORATE CIRCLE", "city": "GOLDEN", "state": "CO", "zip": "80401"}, "former-company": {"former-conformed-name": "PARAMOUNT VENTURES INC", "date-changed": "19900205"}}
Form 8-K
UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of
earliest event reported)
December 2, 2007
Good
Times Restaurants Inc.
(Exact name of registrant
as specified in its charter)
Nevada
000-18590
84-1133368
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
601 Corporate Circle,
Golden, Colorado 80401
(Address of principal
executive offices)   (Zip Code)
Registrant's telephone
number, including area code: (303) 384-1400
Not applicable
(Former name or former
address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2.):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 1.01  Entry into a Material
Definitive Agreement.
On December 3, 2007, Good
Times Restaurants Inc. (the "Company"), through its wholly owned subsidiary
Good Times Drive Thru Inc. ("GTDT"), entered into a Development Agreement (the
"Development Agreement"), a Management Agreement (the "Management Agreement")
and a Site Selection, Construction Management and Pre-Opening Services
Agreement (the "Site Selection Agreement" and, together with the Development
Agreement and the Management Agreement, the "Agreements"), each with an
investment group, Zen Partners LLC, a Virginia limited liability company
("Zen"), for the development of up to twenty-five Good Times restaurants.  The
Company and GTDT are not required to invest any capital in the initial
development or continuing operations of the Good Times restaurants under any of
the Agreements.
David Grissen, a
substantial stockholder of the Company and a member of the Company's Board of
Directors, has a substantial ownership interest in Zen.  GTDT's entry into the
Agreements was approved in advance by the Company's Board of Directors.
Under the Development
Agreement, GTDT grants Zen the exclusive right to develop up to ten Good Times
restaurants within specified counties in the Omaha, Nebraska and Des Moines,
Iowa area over a five year period ending on December 31, 2012.  The Development
Agreement also grants Zen the option (the "Option"), exercisable at any time on
or before December 31, 2012, to develop up to an additional fifteen Good Times restaurants
in accordance with the terms of the Development Agreement.  If Zen exercises
this Option, it shall pay a development fee of $25,000 per additional Good
Times restaurant to GTDT.  If GTDT subsequently proposes to franchise or otherwise
establish any Good Times restaurant in the development area (other than those
being developed by Zen) and Zen is currently in compliance with the Agreements,
then Zen shall have the right of first refusal to develop and manage such Good
Times restaurant in accordance with the terms of the Agreements.
The Management Agreement
provides that GTDT shall operate and serve as the manager for all of the Good
Times restaurants developed by Zen pursuant to the Agreements.  Under the
Management Agreement, GTDT will be entitled to receive reimbursement of its
expenses in connection with its management of the Good Times restaurants as
well as a monthly management fee of 5% of gross operating revenues for each
Good Times restaurant.  In addition, GTDT shall receive an incentive fee equal
to (i) 30% of the Incentive Income (as defined in the Management Agreement) per
year until Zen has received a 25% return on its net equity investment and (ii)
20% of the Incentive Income per year thereafter.  The Management Agreement has
a term of twenty years, which will be automatically extended for five
additional years if Zen exercises its Option.  Zen has the right to terminate
the Management Agreement under certain circumstances, including after five
years (or ten years if Zen exercises its Option) provided that Zen (i) pays a
termination fee to GTDT and (ii) enters into the then current franchise
agreement used by the Company for all Good Times restaurants to be developed
under the Development Agreement, pursuant to which each such Good Times
restaurant will continue to operate under the Good Times brand for fifteen
years.  Under the Management Agreement, GTDT has a right of first refusal to
purchase any or all of the Good Times restaurants subject to the Management
Agreement before Zen may accept an offer to purchase such restaurants from a
third party, and GTDT has a right of first offer with respect to any proposed
sale by Zen of any of the Good Times restaurants subject to the Management
Agreement.
Under the Site Selection
Agreement, GTDT has been engaged as a consultant to provide site selection
services, pre-opening services, construction management services, and lease and
sale leaseback negotiation services for the Good Times restaurants being
developed by Zen.  In exchange for providing such services, GTDT will receive a
services fee of $25,000 for each Good Times restaurant to be developed and
reimbursement for its expenses.  GTDT has agreed to provide a limited lease
guaranty on Zen's payments due under any leases obtained for the first three
Good Times restaurants to be developed in exchange for receiving a lease
guaranty fee equal to 1% of net sales of the applicable Good Times restaurant
for so long as the lease guaranty is in effect.   GTDT has also agreed to
arrange sale leaseback transactions for any Good Times restaurants sites in
exchange for receiving a sale leaseback fee of $7,500 per Good Times
restaurant.
The foregoing summary of
the Agreements, and the transactions contemplated thereby, is subject to, and
qualified in its entirety by, the complete text of the Agreements, which are
filed as Exhibits 10.1 through 10.3 to this report and are incorporated herein
by reference.
2
On December 5, 2007, the
Company issued a press release announcing that GTDT had entered into the
Agreements.  A copy of that press release is filed as Exhibit 99.1 to this
report.
Information
contained in this report, other than historical information, may be considered
forward looking in nature and is subject to known and unknown risks, which may
cause the Company' s actual results to differ materially from results expressed
or implied by the forward looking information.  These risks include such
factors as the pending and uncertain nature of the reported restaurant
development plans and the ability to implement those plans, delays in
developing and opening new restaurants because of weather, local permitting or
other reasons, increased competition, cost increases or shortages in raw food
products, and other matters discussed under the "Risk Factors" section of the
Company' Annual Report on Form 10-KSB for the fiscal year ended September 30,
2006.  Although the Company may from time to time voluntarily update its
forward looking statements, it disclaims any commitment to do so except as
required by securities laws.
Item
9.01  Financial Statements and Exhibits.
(d)
Exhibits.  The following exhibits are filed as part
  of this report:
Exhibit
Number
Description
10.1
Development Agreement dated December 2, 2007 between
  Zen Partners LLC and Good Times Drive Thru Inc.
10.2
Management Agreement dated December 2, 2007 between
  Zen Partners LLC and Good Times Drive Thru Inc.
10.3
Site Selection, Construction Management and
  Pre-Opening Services Agreement dated December 2, 2007 between Zen Partners
  LLC and Good Times Drive Thru Inc.
99.1
Press release of Good Times Restaurants Inc. dated
  December 5, 2007
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
GOOD TIMES RESTAURANTS INC.
Date:  December 5, 2007
By:  /s/
Boyd E. Hoback
Boyd E. Hoback
President and Chief Executive Officer
3