Summary of NEW WORLD RESTAURANT GROUP INC

Item 1.01 Entry into a Material Definitive Agreement.

On January 18, 2007, Einstein and Noah Corp., a wholly owned subsidiary of New World Restaurant Group, Inc. (the "Company"), entered into a lease agreement (the "Office Lease") with Zang Investors LLC ("Zang"). Pursuant to the Office Lease, the Company will relocate its corporate headquarters as of June 1, 2007 to 555 Zang Street, Lakewood, Colorado, a short distance from its current corporate headquarters.

The Office Lease provides for the lease of approximately 45,000 square feet for a term of 120 months, commencing on June 1, 2007 and ending on May 31, 2017. The monthly rent under the Office Lease begins at $0 for months 1-6, increases to $63,750 for months 7-12, and then continues to increase every twelve months up to a maximum of $82,500 per month for the last year of the term. The Company also must pay its pro rata share of operating expenses for the premises. The Company shall have the right to extend the lease term for an additional two five-year periods, provided that it provides Zang with proper notice and is not then in default. The rent for the renewal terms, if any, will be the fair market rent as determined by licensed real estate brokers appointed by the parties. The Company also will have certain rights of first refusal to lease additional space in the building if such space becomes available.

On January 23, 2007, the Company issued a press release announcing its entry into the Office Lease. A copy of the press release is filed as Exhibit 99.1 and incorporated herein by reference (including, without limitation, the cautionary statements contained in the press release).

The foregoing description of the Lease Agreement does not purport to be complete, but is a brief description of the terms and conditions that are material to the Company. In addition, this description shall be qualified in its entirety by the terms and conditions of the Lease Agreement, a copy of which will be filed with the Company's Annual Report on Form 10-K for the fiscal year ended January 2, 2007.