EXHIBIT 10.115

                                    AGREEMENT

         This  Agreement is entered  into as of September  30, 1997 by and among
DenAmerica  Corp.,  a Georgia  corporation  ("DenAm"),  Beck  Holdings,  Inc., a
Delaware corporation formerly known as BEP Holdings,  Inc. ("Beck"), and Unigate
Holdings, NV, a corporation organized under the laws of The Netherlands ("UNV").

         Whereas, DenAm and Beck are parties to a Stock Purchase Agreement dated
as of May 31, 1996 (the  "Stock  Purchase  Agreement"),  pursuant to which DenAm
purchased the stock of Black-eyed Pea USA, Inc. ("BEP") from Beck.

         Whereas,  UNV  guaranteed  certain  obligations of Beck under the Stock
Purchase Agreement pursuant to a Guarantee Agreement dated as of May 31, 1996.

         Whereas,  Beck holds a Senior  Subordinated  Promissory Note payable by
DenAm with a current principal amount of $15,289,980 (the "Note").

         Whereas,  in July 1997 DenAm commenced  litigation against Beck and UNV
in the United  States  District  Court in and for the  district of Arizona as to
certain matters (the "Litigation").

         Whereas, DenAm is (1) proposing to enter into certain transactions with
various  entities  affiliated  with CNL Group (the "CNL  Transactions")  and (2)
considering  certain  transactions with various entities affiliated with members
of the Olajuwon family (the "Olajuwon Transactions").

         Whereas,  the CNL Transactions and the Olajuwon Transaction require the
consent of Beck under the terms of the Note.

         Now,  therefore,  for good and valuable  consideration  the receipt and
sufficiency  of  which is  agreed  and  acknowledged,  parties  hereto  agree as
follows:

1.       DenAm,  Black-eyed  Pea U.S.A.,  Inc.,  Beck and UNV shall  immediately
         execute and  deliver  the  Settlement  Agreement  and Release  attached
         hereto as Exhibit 1.

2.       DenAm and UNV agree  that the  Guarantee  is  forever  and  irrevocably
         canceled,  and that UNV shall have no liability  under the Guarantee in
         respect of any past, present or future claim or matter.

3.       DenAm and Beck  agree  that the Note is hereby  amended  by adding  the
         following as new Section 2(f):

                           "(f)  Special  Repurchase   Option.   Notwithstanding
                   anything in this Note to the contrary:
                                       1
<PAGE>
                           (i) The Company shall have the option (exercisable at
                  any time on or prior to March  27,  1998) to  repurchase  this
                  Note from the Holder at a price equal to $13 million minus the
                  aggregate  amount of all principal  payments made on this Note
                  on or after  September  30, 1997 minus the  Special  Deduction
                  plus all accrued but unpaid  interest on this Note through the
                  date of  repayment  (the  "Repurchase  Option").  The "Special
                  Deduction"  shall equal the product of (i) $138,000 times (ii)
                  the number of days elapsed from (and including)  September 30,
                  1997 through the closing of the  Repurchase  Option divided by
                  182 (but not to exceed 1.0).

                           (ii) The Company may elect to exercise the Repurchase
                  Option by  delivering  written  notice  to such  effect to the
                  holder on or prior to March 27,  1998.  Such  notice  shall be
                  transmitted by telecopy to the attention of Jack Davis of Beck
                  Holdings  at  (214)  363-9892   (with  receipt   confirmed  by
                  telephone at (214) 363-9513),  with a copy to the attention of
                  Carter W. Emerson of Kirkland & Ellis at (312)  861-2200 (with
                  receipt confirmed by telephone at (312) 861-2052). In the even
                  the  Repurchase  Option is so  exercised,  the  closing of the
                  repurchase  of the Note shall occur on the third  business day
                  following  delivery of the Exercise  Notice to the Holder.  At
                  the closing, the Company shall pay the repurchase price to the
                  Holder by wire  transfer of  immediately  available  fund to a
                  bank account  designated  by the Holder,  and the Holder shall
                  deliver the Note to the Company for cancellation. In the event
                  that the closing of the repurchase  does not occur on or prior
                  to the third  business day following  delivery of the Exercise
                  Notice for any reason  (other  than a failure by the Holder to
                  specify wire transfer  instructions or make the Note available
                  for  cancellation at the closing),  the purported  exercise of
                  the Repurchase Option shall be deemed null and void;  provided
                  that the Company may deliver  subsequent  Exercise  Notices at
                  any time on or prior to March 27, 1998."

                           (iii) The Repurchase  Option shall not be exercisable
                  by the Company after March 27, 1998.

                           (iv) The Repurchase Option shall not affect or reduce
                  the  interest  payable  on the note,  which will  continue  to
                  accrue and be payable on the full principal amount of the Note
                  (as  opposed  to  the  price  payable  upon  exercise  of  the
                  repurchase  Option).  Without  limiting the  generality of the
                  foregoing,  interest  shall  be due and  payable  on the  full
                  principal  amount  of the Note upon the terms set forth in the
                  Note on September 30, 1997,  December 31, 1997, March 31, 1998
                  and all interest due dates thereafter  (until such time as the
                  Note is repaid in full upon exercise of the Repurchase  Option
                  or otherwise).
                                       2
<PAGE>
4.       Beck hereby  consents to the  cancellation of the Delayed Draw Facility
         (as  defined in the Note) and  waives  those  requirements  of the Note
         which  require  DenAm to utilize the Delayed Draw Facility to repay the
         Note.

5.       DenAm and Beck agree that the Common Stock Purchase  Warrant dated July
         3, 1996 issued by DenAm to Beck is hereby amended as follows:

         a.       The first  sentence  of the first  paragraph  of he warrant is
                  amended and restated to read as follows:

                  "This is to certify that, for value  received,  BECK HOLDINGS,
                  INC., or assigns (the "Warrantholder"),  is entitled,  subject
                  to the terms and conditions hereinafter set forth, at any time
                  after  April  1,  1998 and on or  before  5:00  P.M.,  Pacific
                  Standard  Time,  on March 31,  2002,  but not  thereafter,  to
                  purchase the Applicable Number (as defined below) of shares of
                  common stock,  par value $0.10 per share (the "Common Stock"),
                  of DENAMERICA  CORP. (the "Company") for the Warrant Price (as
                  defined  below),  and to receive a certificate or certificates
                  for the shares of Common Stock so purchased."

         b.       The first  sentence of Section  2(a) of the Warrant is amended
                  and restated to read as follows:

                  "Subject to the terms of this Warrant, the Warrantholder shall
                  have the right,  at any time during the period (the  "Exercise
                  Period")  commencing on April 1, 1998 and ending at 5:00 P.M.,
                  Pacific  Standard  Time,  on March 31, 2002 (the  "Termination
                  Date), or, if such date is a day on which banking institutions
                  are  authorized by law to close,  then on the next  succeeding
                  day  which  shall  not be such a day,  to  purchase  from  the
                  Company up to the number of fully paid and nonasessable shares
                  of Common  Stock  which the  Warrantholder  may at the time be
                  entitled to purchase pursuant to this Warrant Certificate."

         c.       A new Section 10 is added to the Warrant as follows:

                           10.    Automatic     Cancellation    Under    Certain
                  Circumstances. Notwithstanding anything in this Warrant to the
                  contrary, if all or any portion of the principal amount of the
                  Note is repaid  during the period  beginning on September  30,
                  1997 and ending on March 31,  1998 (the  "Specified  Period"),
                  then  the   Specified   Percentage   of  this  Warrant   shall
                  automatically be canceled without any consideration or benefit
                  to the  Warrantholder  (and the canceled portion shall be null
                  and  void  and  of no  further  force  or  effect).  Any  such
                  cancellation  shall  be  effective  on  March  31,  1998.  The
                  "Specified  Percentage" shall equal the percentage represented
                  by (i) the aggregate amount of principal  payments made on the
                  Note during the Specified  
                                       3
<PAGE>
                  Period  divided  by  (ii)  $15,289,980  (or,  if the  Note  is
                  repurchased pursuant to the Repurchase Option, $13 million).

6.       Beck consents to, and waives the application of the covenants contained
         in the Stock  Purchase  Agreement and the Note (and any other  document
         executed in  connection  with the Stock  Purchase Note or the Note) to,
         the CNL  Transactions,  as the  same  are  described  in the  documents
         attached as Exhibit 2 hereto.  Any  material  deviation  from the terms
         described  in Exhibit 2 hereto  which  would have an adverse  effect on
         Beck,  as holder of the Note,  shall  require  Beck's  further  written
         consent.

7.       Beck and DenAm agree that Section  4(h)(viii) of the Note is deleted in
         its entirety and replaced with the following:

                                    "(viii)  Indebtedness  of the Company to CNL
                           Growth Corp., a Florida corporation, as agent for CNL
                           Income & Growth Fund,  Ltd., CNL Income & Growth Fund
                           ll, Ltd., and Denglass Real Estate Venture, or to CNL
                           Growth  Corp.,  a Florida  corporation,  as agent for
                           Denwest  Foods,  Ltd. and Denwest  Foods II, Ltd. (or
                           their affiliates) in an aggregate principal amount of
                           up to $12.1 million (plus any Indebtedness  which may
                           be deemed  to exist by  reason of the  sale/leaseback
                           transactions   with  such  Persons  entered  into  on
                           September 30, 1997); and

                                    (ix)  additional  unsecured  Indebtedness of
                           the Company not otherwise permitted by any of clauses
                           (i) through (viii) above, provided that the aggregate
                           principal  amount  of  such  additional  indebtedness
                           shall not at any time exceed $5,000,000."

8.       Beck  hereby  consents,  and waives the  application  of the  covenants
         contained in the Note, to the acquisition of restaurants located in the
         State of Arizona  from  Colorado  Restaurant  Management,  Inc.  and/or
         G.H.S.   Restaurants   Management,   Inc.  (the   "Franchisees"),   the
         sale/leaseback  financing transactions involving the assets acquired in
         such restaurant acquisitions, the application of the proceeds from such
         sale/leaseback  financing transactions to the settlement of claims made
         by Black-eyed Pea franchisees and the forgiveness of any franchise fees
         or  royalties  owed by the  Franchisees  to  affiliates  of DenAm.  The
         consent  and  waiver  contained  in this  Section 8 does not,  however,
         constitute  Beck's  consent  to the  settlement  of claims  made by the
         Franchisees  against  Black-eyed Pea U.S.A.,  Inc.  and/or DenAm or any
         admission of wrongdoing by Beck or UNV.

9.       Subject  to  Section  10  below,  Beck  consents  to,  and  waives  the
         application of the covenants  contained in the Stock Purchase Agreement
         and the Note (and any other  document  executed in connection  with the
         Stock Purchase Note or the Note) to, the Olajuwon  Transaction,  as the
         same is  described in that certain  document  entitled  "Summary of The
         Mechanics  of The Joint  Venture"  attached  as  Exhibit 3 hereto.  Any
         material  deviation  from the terms  described 
                                       4
<PAGE>
         in Exhibit 3 which would have an adverse  effect on Beck,  as holder of
         the Note, shall require Beck's further written consent.

10.      Beck's  consent to the Olajuwon  Transaction  is conditioned on (a) the
         immediate application of any proceeds (net of reasonable and documented
         third party transaction costs) from the Olajuwon  Transaction in excess
         of $11 million in the  aggregate  to the  repayment of the Note and (b)
         the  application  of the first $11 million of such net proceeds to bank
         debt.  In the event that the proceeds of the Olajuwon  Transaction  are
         not applied in accordance with the preceding  sentence,  Beck's consent
         to the Olajuwon Transaction shall be null and void.

11.      DenAm  represents  and warrants that it has obtained the consent of its
         bank  syndicate to the  application of proceeds as described in Section
         10 above.

12.      Beck and DenAm  agree that the Note shall be  automatically  amended as
         follows,  if and when the  Olajuwon  Transaction  is  consummated  with
         Beck's consent, as described in this Agreement:

         a.       The following shall be added as Section 4(i)(vi) of the Note:

                                    "(vi)  Investments in the limited  liability
                           company or joint venture to be formed with members of
                           the  Olajuwon  family (or  entities  affiliated  with
                           them),  on  the  terms  set  forth  in  that  certain
                           document  entitled  "Summary of The  Mechanics of The
                           Joint  Venture"  attached  as  Exhibit 3 hereto  (the
                           "Olajuwon Transaction")."

         b.       Section  4(j)(ii)  shall be amended  and  restated  to read as
                  follows:

                                    "(ii)  Asset  Sales  consisting  of sales of
                           property having a fair market value, in the aggregate
                           for all such Asset Sales from and after September 30,
                           1997, of not greater than $5,000,000;  provided, that
                           (1) prior to and after  giving  effect to such  Asset
                           Sale, or Event of Default is  continuing  and (2) the
                           consideration   received   by  the  Company  or  such
                           Subsidiary  on the  closing  date of such  Asset Sale
                           shall be equal to the fair market value of the assets
                           sold  and at  least  80% of the  consideration  shall
                           consist of immediately available funds (provided that
                           the Company and its subsidiaries shall be entitled to
                           sell   non-  or   under-performing   restaurants   in
                           transactions   which   fail  to  meet  the  80%  test
                           contained  in this  clause so long as the fair market
                           value of the aggregate  proceeds of such transactions
                           does not exceed  $10,000,000),  and further provided,
                           that any  Asset  Sales  made as part of the  Olajuwon
                           Transaction  shall be  excluded  from the  $5,000,000
                           basket referred to above;"

         c.       The following shall be added as Section 4(j)(vi) of the Note:
                                       5
<PAGE>
                                    "(vi)  Asset  Sales  made  as  part  of  the
                           Olajuwon Transaction."

13.      From and after the date of this Agreement, neither DenAm nor Black-eyed
         Pea U.S.A., Inc. nor any of their directors, officers or employees will
         issue any press releases,  or make any comments to the media or others,
         which are disparaging to Beck, UNV or any of their  affiliates or which
         in any way  suggest  that the  Litigation  was settled on a basis other
         than that described in this Agreement and the Settlement  Agreement and
         Release (including without limitation Section 1.4 thereof).

14.      From and after the date of this Agreement, neither Beck nor UNV nor any
         of  their  directors,  officers  or  employees  will  issue  any  press
         releases,  or make any  comments  to the  media or  others,  which  are
         disparaging  to DenAm,  Black-eyed  Pea  U.S.A.,  Inc.  or any of their
         affiliates or which in any way suggest that the  Litigation was settled
         on a  basis  other  than  that  described  in  this  Agreement  and the
         Settlement and Release.

15.      Beck agrees to add the following legend (in the applicable form) to the
         face of each of the Note and the  Warrant  and to send  copies  of such
         instruments to DenAm promptly thereafter:

         "THE TERMS OF THIS [NOTE][WARRANT] HAVE BEEN AMENDED BY, AND IS SUBJECT
         TO,  THE  AGREEMENT  DATED  AS OF  SEPTEMBER  30,  1997  BY  AND  AMONG
         DENAMERICA CORP., BECK HOLDINGS,  INC. AND UNIGATE HOLDINGS, NV. A COPY
         OF SUCH AGREEMENT SHALL BE FURNISHED BY DENAMERICA TO THE HOLDER HEREOF
         UPON WRITTEN REQUEST AND WITHOUT CHARGE."

         Upon Beck's request,  DenAm will issue amended and restated versions of
         the  Note and  Warrant  reflecting  the  amendments  set  forth in this
         Agreement.

16.      The consents  contained in this Agreement  shall be effective only with
         respect  to  the  matters  specifically   described  herein,  and  this
         Agreement  shall not  constitute  a  consent  or waiver as to any other
         action or  transaction or any  non-compliance  by DenAm with any of the
         terms of the Note. Except as expressly  provided herein, the Note shall
         remain  unchanged and in full force and effect.  This  Agreement may be
         executed in any number of  counterparts,  all of which  taken  together
         shall  constitute  one and the same  instrument  and any of the parties
         hereto may execute this Agreement by signing any such counterpart.

17.      DenAm represents and warrants that (i) it has obtained all consents and
         approvals which are required in connection with its execution, delivery
         and  performance  of this  Agreement and the  Settlement  Agreement and
         Release and (ii) neither  Denwest Foods,  Ltd. nor Denwest  Foods,  II,
         Ltd. are affiliates of DenAm or any of its officers or directors.

18.      Beck and UNV represent and warrant that they have obtained all consents
         and approvals  which are required in connection  with their  execution,
         delivery and performance of this 
                                       6
<PAGE>
         Agreement and the Settlement Agreement and Release. Beck represents and
         warrants  that it is the sole record and  beneficial  owner of the Note
         and the Warrant.

19.      This Agreement shall be governed by, and construed in accordance  with,
         the law of the State of Delaware.

20.      This  Agreement,  to the  extent  signed  and  delivered  by means of a
         facsimile  machine,  shall be treated in all manner and  respects as an
         original  Agreement  and shall be  considered  to have the same binding
         legal  effects  as if it  were  the  original  signed  version  thereof
         delivered in person. No party hereto shall raise the use of a facsimile
         machine  to  deliver a  signature  or the fact that any  signature  was
         transmitted or communicated  through the use of facsimile  machine as a
         defense  to the  formation  of a contract  and each such party  forever
         waives any such defense.

                             *********************
                                       7
<PAGE>
         In witness whereof,  the parties have executed this Agreement as of the
date first written above.

                                     DENAMERICA CORP.

                                     BY:    /s/ T S Brown
                                        --------------------------
                                     ITS:   Vice President
                                         -------------------------

                                     BECK HOLDINGS, INC.

                                     BY:    /s/ Jack H Davis
                                        --------------------------
                                     ITS:   President
                                         -------------------------

                                     UNIGATE HOLDINGS NV

                                     BY:    /s/ G. J. Kemper
                                        --------------------------
                                     ITS:   Director
                                         -------------------------
                                       8