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EXHIBIT 4.1
 
    a)
    
    The Parties are stockholders of Brazil Fast Food Corporation (BFFC), controller of
Venbo Comercio de Alimentos Ltda. (Venbo);b)
    
    The Parties agree that the following measures must be taken imperatively and urgently:
 (i)
    
    Inject resources into Venbo, by means of a prior increase of BFFC capital;(ii)
    
    Proceed with certain modifications in Venbos administration, and,
therefore, adjust the composition of the BFFC Board of Directors;(iii)
    
    In order to avoid that Venbos situation becomes unsustainable, immediately
place resources at Venbos disposal, even before proceeding with the administrative
and legal measures intended to perfect and consolidate the agreement reached between
the Parties.
 (c)
    
    Bigburger Ltda. (Bigburger), or the physical person or company that it may nominate, and
CCC Empreendimentos e Participacoes Ltda. (jointly Investors), hereby accept the
advancement of the resources referred-to in item b (i) above, in the assumption and
confidence that this instruments stipulations will be complied with and implemented by the
Parties;d)
    
    The Parties, exercising their right to vote in BFFC, as well as through their influence
with the BFFC Board of Directors and Venbos administration, will adopt all the measures,
and they will sign all the agreements and documents required for the legal execution of the
agreements made herein,




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1.
    
    Capitalization.
 1.1
    
    The Investors, in the proportion of half each, and upon subscription of the shares regulated below, agree to provide BFFC with capital, for the subsequent
injection of resources into Venbo, in the amount of R$5,000,000.00 (five million
Reais), during the first provision, and, for the second provision, the amount in Reais
that corresponds to US$ 850,000.00 (eight hundred and fifty thousand US Dollars) at
the time of the second provision, to be converted using the exchange rate equivalent
to the PTAX average rate for commercial Dollars, published by the Banco Central do
Brasil.1.2
    
    In order to comply with the stipulations in item 1.1 above, there will be two
provisions, as follows:
 1.2.1
    
    First provision: BFFC, exercising its legal statutory
prerogatives, will issue, in favor of the Investors, within 10 days of each
provision or advancement of resources, a total of 2,5000,000 common shares,
half for each Investor and in proportion with the incoming recourses, at the
subscription price of R$ 2.00 (two Reais) per pair, for a total of R$
5,000,000.00 (five million Reais);1.2.2
    
    Second provision: Within 30 days of the last installment of
the first provision or advancement of resources, regulated in item 1.2.1,
complying with the proportions stipulated in this item, as regulated in 1.3
below, BFFC will issue 850,000 common shares, at the subscription price per
pair in Reais corresponding to US$ 1.00 (one US Dollar).
 1.3
    
    In view of Venbos urgent necessity, and on BFFCs account and order, the
Investors will directly advance Venbo, within 48 hours, from the total mentioned in
item 1.2.1 above, the amount of R$ 2,000,000.00 (two million Reais), and the remaining
balance will be of R$ 3,000,000.00 (three million Reais) to be paid within 30 days of
the advance installment: the Investors may, at their own discretion, advance other
provision amounts regulated in the items 1.2.1 and 1.2.2 above.
 2.
    
    Quorum in the Annual Stockholders Meeting or in the Board of Directors Meetings (according to
each agencys jurisdiction).
 2.1
    
    The Parties agree that the majority of the votes held by the Parties will
decide the direction of the Parties vote in the BFFC Annual Stockholders Meetings
regarding the following matters:
 a)
    
    Increasing the authorized capital stock;b)
    
    Reducing the capital stock, redemption and amortization of stock;




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c)
    
    Creation/issue of any class of shares or conversion;d)
    
    BFFC modification and administrative structure, including in terms
of (i) number of members on the Board of Directors and the Direction, and (ii)
procedures and criteria for electing their respective members; ande)
    
    Broadening or reducing BFFCs company purpose;f)
    
    Creation or alteration of the obligatory dividend;g)
    
    Dissolution, liquidation, composition with creditors or bankruptcy,
or any other voluntary or court-ordered financial restructuring procedures or
processes;h)
    
    Incorporation, by BFFC, of other companies or part of the property of
other companies, merger, transformation, split or any other form of partnership
restructuring;i)
    
    Going private, public or private issue of any securities, including
benefiting parties, debentures or subscription bonuses;j)
    
    Approval of BFFC business investment plans, Business Plan and their
possible alterations, as well as annual and semi-annual budgets, and their
possible alterations;l)
    
    Acquisition, disposition, liquidation, disposal, transference or
burdening of any nature of any property that is part of the permanent assets in
an amount greater than the equivalent in Reais, isolated or cumulative, to US$
50,000.00 (fifty thousand US Dollars);m)
    
    BFFCs association, in any manner, with other companies, including
the formation of consortiums, creation of subsidiaries, as well as participation
in other companies;n)
    
    BFFC entering into any contract or transaction, of any nature, with
either of the Parties, or any company, directly or indirectly controlled by BFFC,
or company that holds, directly or indirectly, majority shares in BFFC;o)
    
    Signing any agreement, document, instrument related to investments,
loans, granting of guarantees of any nature benefiting either of the Parties, and
the assuming of any obligations in BFFCs name that exceed, in Reais, isolated or
cumulative, US$ 50,000.00 (fifty thousand US Dollars);p)
    
    Acquisition, amortization or redemption by BFFC of shares it issued,
as well as the acquisition of shares to cancel or reserve in the treasury, and
their later resale;




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q)
    
    Approval of share option plans for administrators, employees or third
parties, and the attribution to third parties (including administrators and
employees) in BFFC profit or income sharing;r)
    
    Instituting of any administrative or legal proceedings, instituting
of arbitration proceedings or another form settling extra-judicial litigation, or
BFFC contesting litigation that involves an amount over the equivalent in Reais,
isolated or cumulative, to US$ 50,000.00 (fifty thousand US Dollars);s)
    
    Approval of BFFCs financial statements and the annual Directors
reports;t)
    
    Adoption of strategies by BFFC before any governmental agencies and
possible changes of position;u)
    
    Deliberation and voting on any matter in any company in which BFFC
holds stock.
 2.2
    
    In order to comply with the stipulations in item 2.1 above, BFFCs
stockholders that are Parties in this Protocol will meet beforehand, a minimum of 10
days prior to each BFFC Annual Stockholders Meeting, in order to decide in which
direction to vote in this meeting.2.3
    
    BFFCs issue of shares of any kind or class, subscription bonus, option,
debentures or any securities, as well as the establishment of negotiations, accords or
treaties on any level relating to possible third party interests in the
subscription or purchase of said securities, will depend o the deliberations described
in item 2.1 of the above heading.
 3.
    
    Board of Directors.
 3.1
    
    Following the integral capitalization regulated in the items 1.1 and 1.3
above, the Parties will exercise their right to vote in BFFC so that the 5 members
of the Board of Directors, the right to nomination of which is held by the Parties,
under the terms of the Stockholders Agreement signed on August 11, 1997, are
elected according to stockholders following nomination:
 a)
    
    Bigburger Ltda.  1 positionb)
    
    Investors  2 positions (however they jointly nominate)c)
    
    Omar Carneiro da Cunha  1 positiond)
    
    Lawrence Burstein  1 position
 3.2
    
    The Chairman of the Board of Directors (Chairman) will be nominated as
stipulated in item 2.1 above, and will hold the casting vote, meaning that




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his/her vote will prevail in the event of a tie during the voting on matters
submitted to the Board of Directors deliberation.
 4.
    
    Venbo Administration.
 4.1
    
    BFFC will contract, in favor of Venbo, the services of Mr. Ricardo
Figueiredo Bomeny and/or the company connected to him, for a period of two years,
upon the established remuneration of, (i) exclusively in terms of the first year of
service, 20,000 common shares per month, and (ii) for the second year, the
amount in Reais that they agree upon, according to Venbos usual standards, with the
conditional payment of 260,000 common shares, the latter subject to attaining certain
goals, as described in section A of this Protocol.
 4.1.1
    
    In order to permit the adequate performing of services, Mr.
Ricardo Figueiredo Bomeny will be nominated Venbos non-statutory
Director-Superintendent, with the prerogatives and responsibilities pertaining
to the sectors attributed to him and under his responsibility, duly listed in
the flow chart in Annex B of this Protocol, and detailed in an internal
system to be elaborated and approved by the majority referred- to in item
2.1 above.
 4.2
    
    Mr. Peter Van Voorst Vader (Peter) commits himself to remain in the
positions he holds in BFFC and Venbo for at least one more year as of this date, and
may only be dismissed upon deliberation taken as per item 2.1 above.4.3
    
    Without loss to the stipulations in item 4.2 above, Peter may resign from his
functions as long as he justifies his decision based on specific acts and
deliberations by Venbos Direction that he considers to be violators of the law.
 5.
    
    Definitive Execution.
 5.1
    
    In order for all the measures stipulated in this Protocol to be carried
out, the Parties are bound to sign all the agreements and documents, and take all the
measures required, such as, example, stockholders agreements, subscription agreements,
consultancy and assessory service agreements and any others that may be necessary.
 6.
    
    Strict legality.
 6.1
    
    All acts, actions, deliberations and measures, of a partnership or
administrative nature, to be adopted by BFFC and Venbo by the Parties, in accordance
with the stipulations contained in this Protocol, will only be demandable if there is
no violation to the applicable laws and the rights of third parties, especially
regarding rights deriving from the Stockholders Agreement signed on August 11, 1997.




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Rio de Janeiro, May 15, 2002.Brazil Fast Food Corporation
    
    Bigburger Ltda.Participações Ltda.
    
    CCC Empreendimentos eOmar Carneiro da Cunha
    
    Seaview Venture GroupPeter van Voorst Vader
    
    Shampi Investments A.E.C.Jose Ricardo Bosquet Bomeny
  1.2.




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1.
    
    Reduction of 15% (fifteen percent) in the total sum of the financial debt standing on the
date of the signing of the Protocol. This reduction signifies ending the new
administrations first fiscal year with a total debt of less than 19 (nineteen) million
Reais.2.
    
    The positive Operating Cash Balance should reach, by the last month of the period stipulated
for the goals, the cumulative amount of R$ 4,500,000.00 (four million, five hundred thousand
Reais). This concept is referred-to in the financial documents issued by VENBOs present
administration, as Operating Cash Balance.3.
    
    A reduction of 15% (fifteen percent) of the Administrative Expenses (concept in accordance
with the nomenclature currently used by BFFCs Board of Directors, including Franchise and
Sales expenses) by the last month of the new administrations first fiscal year, in reference
to the last month of a full calendar year of the present administration.
  a)
    
    If the Real is devaluated, in reference to the US Dollar, by more than 10% (ten percent) of
the currency value on the date that the protocol was signed, and if this continues for a
period of over 3 (three) consecutive months.b)
    
    If the SELIC interest rates go beyond the point of 18.5% percent per annum for a period of
over 3 (three) consecutive months.c)
    
    If the average monthly retail performance index published by the IBGE, calculated based on
the 12 (twelve) months of the new administration, falls more than two percentage points in
reference to the average of the last 12 (twelve) months of the present administration.