Exhibit 4.1          THIRD SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of March 14, 2007,among Buffets, Inc., a Minnesota corporation (or its permitted successor) (the “Company”), BuffetsFranchise Holdings, LLC, a Minnesota limited liability company, as the Additional SubsidiaryGuarantor (the “Additional Subsidiary Guarantor”) and U.S. Bank National Association, as Trusteeunder the Indenture (the “Trustee”).WITNESSETH:          WHEREAS the Company, Parent and the Subsidiary Guarantors have heretofore executed anddelivered to the Trustee an Indenture, dated as of November 1, 2006 (as amended, the“Indenture”), providing for the issuance of 121/2% Senior Notes due 2014 (the “Securities”);          WHEREAS, Section 4.10 and Section 10.06 of the Indenture provide that under certaincircumstances the Company will cause the Additional Subsidiary Guarantor to execute and deliver tothe Trustee a guaranty agreement pursuant to which the Additional Subsidiary Guarantor willGuarantee payment of the Securities on the same terms and conditions as those set forth in Article10 of the Indenture; and          WHEREAS, pursuant to Section 9.01(iv) of the Indenture, the Trustee and the Company areauthorized to execute and deliver this Supplemental Indenture.          NOW THEREFORE, in consideration of the foregoing and for good and valuable consideration, thereceipt of which is hereby acknowledged, the Company, the Additional Subsidiary Guarantor and theTrustee mutually covenant and agree for the equal and ratable benefit of the Holders of theSecurities as follows:          SECTION 1. Capitalized Terms. Capitalized terms used herein but not defined shallhave the meanings assigned to them in the Indenture.          SECTION 2. Guarantees. The Additional Subsidiary Guarantor hereby agrees, jointlyand severally with all other Guarantors, to guarantee the Company’ obligations under the Securitieson the terms and subject to the conditions set forth in Article 10 of the Indenture and to be boundby all other applicable provisions of the Indenture as a Subsidiary Guarantor.          SECTION 3. Ratification of Indenture; Supplemental Indentures Part of Indenture.Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and allthe terms, conditions and provisions thereof shall remain in full force and effect. ThisSupplemental Indenture shall form a part of the Indenture for all purposes, and every holder ofSecurities heretofore or hereafter authenticated and delivered shall be bound hereby.          SECTION 4. Governing Law.**THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, ANDCONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.**          SECTION 5. Trustee Makes No Representation. The Trustee makes no representation asto the validity or sufficiency of this Supplemental Indenture.

 

2          SECTION 6. Counterparts. The parties may sign any number of copies of thisSupplemental Indenture. Each signed copy shall be an original, but all of them together representthe same agreement.          SECTION 7. Effect of Headings. The Section headings herein are for convenience onlyand shall not effect the construction of this Supplemental Indenture.

 

3          IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed asof the date first written above.      BUFFETS, INC.,