Food Delivery Brands and Yum! Brands Inc. have agreed to amend certain terms and targets of their strategic alliance to better address the new reality. The strategic alliance, which was signed in December 2018, turned FDB into a global leader in pizza delivery with approximately 2,500 stores in 36 countries and a potential addressable market of approximately 500 million consumers. Under the strategic alliance, FDB became the Pizza Hut master franchisee in the world by number of units operated. Both parties have agreed to amend the following key aspects, among others, of the strategic alliance: Openings: extending the ten-year target by an additional year and revising the net new unit splits by market. Conversions: slowing the conversion schedule for Telepizza stores in Chile, Colombia and the Rest of World. Shortfall fees: postponing the period and increasing the threshold under which shortfall fees would apply. Incentive fees: revising the terms and targets for earning incentive fees.