Exhibit 10.30
 

FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT

THIS FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT made and entered into this  
day of December 2004, by and between BONEFISH GRILL, INC., formerly OS Sea,
Inc., a Florida corporation with its principal place of business located at 2202
N. West Shore Boulevard, 5th Floor, Tampa, Florida 33607 (“Buyer”); GRAY GHOST,
LLC, formerly Bonefish Grill, LLC, a Florida limited liability company with its
principal place of business located at 5901 Fourth Street North, St. Petersburg,
Florida 33703 (“Seller”);GRAY GHOST HOLDINGS, INC., formerly Bonefish Grill
Holdings, Inc., a Florida corporation with its principal place of business
located at 5901 Fourth Street North, St. Petersburg, Florida 33703 (“BGH”);
TIMOTHY V. CURCI, an individual residing in the State of Florida with an address
at 5901 Fourth Street North, St. Petersburg, Florida 33703 (“Curci”); and
WILLIAM LEWIS PARKER, PERSONAL REPRESENTATIVE OF THE ESTATE OF CHRISTOPHER L.
PARKER, DECEASED, Pinellas County Circuit Court, Probate Division, as successor
in interest to Christopher L. Parker, with an address at 5829 106th Terrace N.,
Pinellas park, FL 33782 (“Parker”) (collectively, the “Parties”).

WHEREAS, Christopher L. Parker died on January 25, 2004;

WHEREAS, the cessation of Parker’s Employment with OS Restaurant Services, Inc.,
a Delaware corporation and Affiliate of Buyer was an event that triggered
Buyer’s right pursuant to Section 3.2 of that certain Asset Purchase Agreement
dated October 5, 2001 by and among Buyer, Seller, BGH, Curci and Christopher L.
Parker (the “Asset Purchase Agreement”), to terminate that certain Royalty
created under the provisions of Section 3.1 of the Asset Purchase Agreement;

WHEREAS, Buyer and the other Parties have agreed that the Royalty shall not
terminate but instead Sections 3.1 and 3.2 of the Asset Purchase Agreement shall
be amended as set forth hereinafter in this First Amendment to Asset Purchase
Agreement;

WHEREAS, Seller desires to transfer and assign to Buyer the right to receive
one-half of the Royalty provided for in the Asset Purchase Agreement;

NOW, THEREFORE, in consideration of the premises, which are not mere recitals
hereto, but by this reference are incorporated into this Agreement as a part
hereof and of the mutual promises and covenants contained herein and for other
good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged by each of the Parties respectively, the Parties agree as follows:

A. Seller hereby transfers, assigns and conveys to Buyer, effective March 1,
2004, the right to receive fifty percent (50%) of all payments of the Royalty
pursuant to Section 3.1 of the Asset Purchase Agreement commencing on and after
March 1, 2004.

B. Sections 3.1 and 3.2 of the Asset Purchase Agreement are hereby amended by
deleting in their entirety the original language of Sections 3.1 and 3.2 and
substituting in place thereof the language of Sections 3.1 and 3.2 as set forth
below:

3. ROYALTY

3.1 Royalty. The parties acknowledge that an Affiliate of Buyer employs Curci
pursuant to a separate Employment Agreement dated October 5, 2001. During the
employment of Curci with Buyer or any Affiliate of Buyer, each “OSS Restaurant”
shall
 

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pay: (i) to Seller a royalty from each “OSS Restaurant” in an amount equal to
one-half of one percent (.5%) of Adjusted Gross Sales (“Seller Royalty”) and
(ii) to Buyer a royalty from each “OSS Restaurant” in an amount equal to
one-half of one percent (.5%) of Adjusted Gross Sales (“Buyer Royalty”). For
purposes of this Agreement an “OSS Restaurant” shall mean any Bonefish Grill
restaurant in which none of (i) Seller, BGH, or any BG Principal; or (ii) any
entity in which Seller, BGH or any BG Principal or any immediate family member
of a BG Principal owns an ownership or beneficial interest, directly or
indirectly through one or more subsidiary entities; own, directly or indirectly
through one or more subsidiary entities, any equity interest (other than
ownership of capital stock of Outback Steakhouse, Inc., a Delaware corporation
and Affiliate of Buyer). For purposes of this Agreement “Adjusted Gross Sales”
shall mean gross sales reduced by (i) discounts and complimentary food and
beverages, (ii) sales and other taxes and surcharges collected for transmittal
to taxing authorities, (iii) revenues received from the sale of gift
certificates until redeemed, and (iv) revenue from catering activities done for
charitable, marketing or community involvement purposes. The Seller Royalty and
Buyer Royalty shall be payable no less frequently than quarterly.

3.2 Acquisition of Seller Royalty. Upon termination of Curci’s employment with
Buyer (or any Affiliate of Buyer), for whatever reason other than a wrongful
termination by the employer, Buyer shall have the option to acquire the Seller
Royalty, such acquisition to be effective immediately upon the termination of
Curci’s employment with Buyer or Buyer’s Affiliate, and Buyer shall pay to
Seller, within forty-five (45) days of such termination, a Seller Royalty
acquisition fee in an amount equal to five (5) times the amount of the Seller
Royalty payable to Seller during the twelve full calendar months immediately
preceding the month of termination of Curci’s employment with Buyer (or any
Affiliate of Buyer). In the event Curci’s employment with Buyer or an Affiliate
of Buyer terminates prior to January 1, 2007, then solely for purposes of
calculating the Seller Royalty acquisition fee the Royalty paid by any OSS
Restaurant that is open to the public for business on the date of termination of
Curci’s employment but was not open to the public for business for the twelve
full calendar months immediately preceding the month of termination of Curci’s
employment shall be annualized in an equitable manner determined by Buyer in its
reasonable discretion.

No form of exercise of the option to acquire the Seller Royalty shall be
required other than payment of the Seller Royalty acquisition fee, as calculated
by Buyer, within forty five (45) days of the termination of Curci’s employment
with Buyer or Buyer’s Affiliate. So long as the Seller Royalty acquisition fee
as calculated by Buyer is paid to or made available to Seller within such time
period, the acquisition of the Seller Royalty shall for all purposes be
effective as of the date of termination of Curci’s employment with Buyer or
Buyer’s Affiliate and Curci shall have no right to receive any of the Seller
Royalty for any period after the date of termination of Curci’s employment.

C. The foregoing amendment and restatement of Sections 3.1 and 3.2 of the Asset
Purchase Agreement shall be effective for all purposes as of March 1, 2004.

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D. Except as set forth above, the Asset Purchase Agreement shall remain
unaffected, unchanged, unimpaired and in full force and effect as amended
herein.

IN WITNESS WHEREOF the Parties have signed and sealed this First Amendment to
Asset Purchase Agreement the day and year first above-written.
 
WITNESSES:
 
BONEFISH GRILL, INC., a Florida corporation
       
 _________________________________
 
By: _________________________________
     
     Robert S. Merritt, Senior Vice President
 
 _________________________________ 
     
 
         
GRAY GHOST, LLC,
     
a Florida limited liability company
     
By: GRAY GHOST HOLDINGS, INC.
     
Its member-manager
 
 _________________________________ 
 
By: _________________________________
     
     Timothy V. Curci, President
 
 _________________________________ 
                 
GRAY GHOST HOLDINGS, INC., a Florida corporation
         
 _________________________________ 
 
By: _________________________________
     
     Timothy V. Curci, President
 
 _________________________________ 
             
 _________________________________ 
 
 _________________________________
     
     Timothy V. Curci, Individually
 
 _________________________________ 
             
 _________________________________ 
 
 _________________________________
     
William Lewis Parker, Personal Representative of
     
the Estate of Christopher L. Parker, deceased,
 
 _________________________________ 
 
Pinellas County Circuit Court, Probate Division, as
     
successor in interest to Christopher L. Parker,