Document:

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                                                                    Exhibit 10.1

                        ALABAMA NATIONAL BANCORPORATION
                     PLAN FOR THE DEFERRAL OF COMPENSATION
                                BY KEY EMPLOYEES

     1.   Eligibility and Purpose
          -----------------------

     Key Employees of Alabama National BanCorporation and its affiliates (the
"Company") who participate in either or both of the Annual Incentive Plan (or
other Eligible Bonus Plan) of the Company or the Performance Share Plan of the
Company shall be eligible to participate in the Alabama National BanCorporation
Plan for the Deferral of Compensation by Key Employees (the "Plan").  Any Key
Employee who elects to participate in the Plan shall thereby defer the receipt
of all or any portion of such bonuses payable by the Company to such Key
Employee (the "Deferrable Compensation").

     2.   Key Employee
          ------------

     All key management and certain highly compensated employees who have been
identified as influential by the Company and selected to participate in the Plan
by the Board of Directors of the Company, the Chief Executive Officer or the
President of the Company ("Key Employee(s)") are eligible to become and remain
participants in the Plan.

     3.   Deferral of Compensation
          ------------------------

     A Key Employee may elect to defer all or any portion of the Deferrable
Compensation by executing a form prescribed by the Company and delivering such
election form to the Company in any calendar year preceding the calendar year in
which a particular award or bonus can be earned pursuant to the Annual Incentive
Plan (or other Eligible Bonus Plan) or the Performance Share Plan.  The amount
of Deferrable Compensation deferred shall be paid or distributed to the Key
Employee in accordance with the provisions of Section 6 or Section 7 below.

     4.   Deferred Compensation Account
          -----------------------------

     The Company shall establish a deferred compensation account (the "Account")
for each Key Employee.  As of the date payments of Deferrable Compensation
otherwise would be made to a Key Employee, the Company shall credit to such Key
Employee's Account, in cash or stock equivalents, or a combination thereof, as
hereinafter provided, that amount of the Deferrable Compensation which the Key
Employee has elected to defer.

     5.   Cash or Stock Election
          ----------------------

     (a) As of the date payments of Deferrable Compensation otherwise would be
made to the Key Employee, the amount due the Key Employee shall be credited to
such Key Employee's Account either as a cash allotment or as a stock allotment,
or a portion to each, as the Key Employee shall elect, except that any
Performance Share Plan bonuses will be credited as a stock allotment.

     (b) If a cash allotment is elected in whole or in part, the Key Employee's
Account shall be credited with the dollar amount of the allotment.  Interest (at
the rate described below) on the Average Daily Balance (computed as described
below) shall be credited to the Account as of the last day of each calendar
month before and after the termination of the Key Employee's service and after
the Key Employee's death or disability until the total balance in

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the Account has been paid out in accordance with the provisions of Section 6 or
Section 7 hereof. The interest rate for each calendar month shall be the 30-Day
London Interbank Offered Rate (LIBOR) plus 75 basis points for the last business
day of the immediately preceding calendar month as published in The Wall Street
Journal. The "Average Daily Balance" shall be the quotient obtained by dividing
the sum of the closing balance in the Account at the end of each calendar day in
a calendar month by the number of days in such calendar month.

     (c)  (i)  If a stock allotment is elected in whole or in part by a Key
     Employee, such Key Employee's Account shall be credited with a stock
     equivalent that shall be equal to the number of full and fractional shares
     of the Company's Common Stock, par value $1.00 per share (the "Common
     Stock"), that could be purchased with the dollar amount of the allotment
     using the Average Closing Price (as defined below) of the Common Stock for
     the twenty (20) trading days ending on the day preceding the date the
     Account is so credited.  The "Average Closing Price" of the Common Stock
     means the average of the daily closing prices for a share of the Common
     Stock for the applicable twenty (20) trading days on the Composite Tape for
     the New York Stock Exchange D Listed Stocks, or, if the Common Stock is not
     listed on such Exchange, on the principal United States securities exchange
     registered under the Securities Exchange Act of 1934, as amended (the
     "Exchange Act"), on which the Common Stock is listed, or, if the Common
     Stock is not listed on any such Exchange, the average of the daily closing
     bid quotations with respect to a share of the Common Stock for such twenty
     (20) trading days on the National Association of Securities Dealers, Inc.
     Automated Quotations Systems or any system then in use, or, if no such
     quotations are available, the fair market value of a share of the Common
     Stock as determined by a majority of the Board of Directors; provided,
     however, that if a Change in Control (as defined below) shall have
     occurred, then such determination shall be made by a majority of the
     Continuing Directors (as defined below).

          (ii)  Such Key Employee's Account shall also be credited as of the
     payment date for each dividend on the Common Stock with additional stock
     equivalents computed as follows:  The dividend paid, either in cash or
     property (other than Common Stock), upon a share of Common Stock to a
     shareholder of record shall be multiplied by the number of stock
     equivalents in the Account and the product thereof shall be divided by the
     Average Closing Price of the Common Stock for the twenty (20) trading days
     ending on the day preceding the dividend payment date.  In the case of
     dividends payable in property, the amount paid shall be based on the fair
     market value of the property at the time of distribution of the dividend,
     as determined by a majority of the Board of Directors; provided, however,
     that if a Change in Control shall have occurred, then such determination
     shall be made by a majority of the Continuing Directors.

          (iii)  In the event of any change in the Common Stock, upon which the
     stock equivalency hereunder is based, by reason of a merger, consolidation,
     reorganization, recapitalization, stock dividend, stock split, combination
     or exchange of shares, or any other change in corporate structure, the
     number of shares credited to the Account shall be adjusted in such manner
     as a majority of the Board of Directors shall determine to be fair under
     the circumstances; provided, however, that if a Change in Control shall
     have occurred, then such determination shall be made by a majority of the
     Continuing Directors.

     6.  Distribution
         ------------

     (a) Except as otherwise provided in the Plan, at each Key Employee's
election, the balance in such Key Employee's Account shall be paid out to the
Key Employee commencing on the date which the Key Employee has specified on the
election form.

     Except as otherwise provided in the Plan, the balance in the Account shall
be paid either in a lump sum or, at the Key Employee's election, in monthly,
quarterly, semiannual or annual installments, but such installments shall be
payable over a period of years not to exceed ten (10) years (the "Payout
Period").  In order to be effective, an election to change the method and/or
timing of distribution with respect to the Account must be on a form prescribed
by the Company and received by the Company at least six (6) months prior to the
Key Employee's retirement from the

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Company and in any calendar year preceding the calendar year in which a
particular award or bonus (i) can be earned pursuant to the Annual Incentive
Plan (or other Eligible Bonus Plan) or the Performance Share Plan, or (ii would
have been earned absent such election. The amount of each installment shall be
determined as of the first day of the period in which payment is to be made by
dividing the then balance in the Account by the then remaining number of payment
dates in the Payout Period. The lump sum or first periodic installment shall be
paid by the Company as promptly as is convenient, but not more than sixty (60)
days following the date specified by the Key Employee.

     (b) In the event a Key Employee ceases to be a Key Employee of the Company,
other than after a Change in Control as defined in Section 7(a) below, prior to
the distribution of the entire balance in such Key Employee's Account, the
balance in the Account shall be payable in a lump sum by the Company as promptly
as is convenient following the employee's cessation of Key Employee status.

     (c) In the event of the death of a Key Employee prior to distribution of
the entire balance in such Key Employee's Account, the balance in the Account
shall be payable in a lump sum by the Company as promptly as is convenient
following the Key Employee's death to:

         (i) the surviving beneficiary (or surviving beneficiaries in such
     proportions as) the Key Employee may have designated by notice in writing
     to the Company unrevoked by a later notice in writing to the Company or, in
     the absence of an unrevoked notice;

         (ii) the beneficiary (or beneficiaries in such proportions as) the Key
     Employee may have designated by will; or

         (iii) if no beneficiary is designated, the legal representative of the
     Key Employee's estate.

     In the event a Key Employee becomes disabled or suffers a hardship, the
payment commencement date and/or payment schedule with respect to a balance in
such Key Employee's Account may be accelerated by the Compensation and
Management Succession Committee of Alabama National BanCorporation (or its
designee), in its sole discretion.

     (d) The provisions of the Plan shall apply to and be binding upon the
beneficiaries, distributees and personal representatives and any other
successors-in-interest of the Key Employee.

     (e) Distribution of the cash in the Account shall be made in cash.
Distribution of stock equivalents in the Account shall be made in whole shares
of the Company's Common Stock; fractional shares shall be paid in cash in an
amount equal to the number of fractional shares multiplied by the Average
Closing Price of the Common Stock for the twenty (20) trading days ending on the
day preceding the date of distribution.

     (f) The Company shall deduct from all distributions hereunder any taxes
required to be withheld by the federal or any state or local government.

     7.  Acceleration of Distribution
         ----------------------------

     (a) A "Change in Control" shall be deemed to have occurred upon the
happening of any of the following events:

         (i) The acquisition by any person, entity or "group", within the
     meaning of Section 13(d)(3) or (14)(d)(2) of the Exchange Act (excluding
     for purposes hereof any employee benefit plan of the Company or any of its
     subsidiaries which acquires beneficial ownership of voting securities of
     the Company), of beneficial ownership (within the meaning of Rule 13d-3
     promulgated under the Exchange Act) of 20% or more of either the then
     outstanding shares of Common Stock or the combined voting power of the
     Company's then outstanding voting securities, either in one transaction or
     in a series of transactions; provided, however,

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     that, if prior to such an acquisition, a majority of the Continuing
     Directors determines that such acquisition shall not, for the purposes of
     the Plan, be deemed a Change in Control, such acquisition shall not
     constitute a Change in Control hereunder;

         (ii)  Individuals who as of the Effective Date (as defined below)
     constitute the Board of Directors (the "Continuing Directors") cease for
     any reason to constitute at least a majority of the Board of Directors,
     provided that any person becoming a Director of the Company subsequent to
     the Effective Date whose election, or nomination for election by the
     Company's shareholders, was approved by a vote of at least a majority of
     the Continuing Directors (other than an election or nomination of an
     individual whose initial assumption of office is in connection with an
     actual or threatened solicitation with respect to the election or removal
     of directors of the Company, as such terms are used in Rule 13a-11 of
     Regulation 14A promulgated under the Exchange Act) shall be, for purposes
     of the Plan, considered as though such person were a Continuing Director;
     or

         (iii) Approval by the Board of Directors of (A) a merger, consolidation
     or reorganization of the Company in which, as a consequence of the
     transaction, either the Continuing Directors do not constitute a majority
     of the directors or the continuing or surviving corporation or any person,
     entity or "group," within the meaning of Section 13(d)(3) or 14(d)(2) of
     the Exchange Act, controls 20% or more of the combined voting power of the
     continuing or surviving corporation; (B) any sale, lease or other transfer,
     in one transaction or a series of transactions, of all or substantially all
     of the assets of the Company; or (C) any plan or proposal for the
     liquidation or dissolution of the Company; provided however, that if at the
     time of such approval, a majority of the Continuing Directors determines
     that such merger, consolidation, reorganization sale, lease, other
     transfer, liquidation or dissolution shall not, for purposes of the Plan,
     be deemed a Change in Control, such transaction shall not constitute a
     Change in Control hereunder, and, provided further, that if a majority of
     the Continuing Directors so determines, a Change in Control shall not be
     deemed to occur until the consummation of any such transaction.

     (b) Notwithstanding any other provision of the Plan, if a Change of Control
occurs and at any time after the occurrence of such Change in Control either of
the following events occurs:

         (i)   the Key Employee ceases to be a Key Employee of the Company;

         (ii)  the Plan is terminated; or

         (iii) the Company's capital structure is changed materially;

then the Key Employee shall complete a new election form which shall supersede
any prior elections made by such Key Employee.  Upon a Change in Control, the
Key Employee may reallocate the Key Employee's Account (including Performance
Share Plan bonuses credited as a stock allotment) between cash and stock
allotments.

     (c) Distribution shall be in accordance with Sections 6(b), 6(c), 6(d) and
6(e) above, except that distribution of stock equivalents in the Account shall
be made in cash in an amount equal to the number of stock equivalents to be
distributed multiplied by the greater of (i) the Average Closing Price of the
Common Stock for the twenty (20) trading days ending on the day preceding the
date on which the right to such distribution arose; (ii the Average Closing
Price of the Common Stock for the twenty (20) trading days ending on the day
preceding the date of the Change in Control; or (ii the highest price per share
of Common Stock in the transaction or series of transactions constituting the
Change in Control.

     (d) Reallocation of deferred amounts in the Key Employee's Account in
accordance with Section 7(b) between the stock allotment and cash allotment
shall be valued at the greater of (i) the Average Closing Price of the Common
Stock for the twenty (20) trading days ending on the day preceding the date on
which the right to such

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reallocation arose; (ii the Average Closing Price of the Common Stock for the
twenty (20) trading days ending on the day preceding the date of the Change in
Control; or (ii the highest price per share of Common Stock in the transaction
or series of transactions constituting the Change in Control.

     (e) Any payments shall be made by the Company as promptly as practicable,
but not more than thirty (30) days following the date on which the right to such
payment arose.  The Company shall promptly reimburse the Key Employee for all
legal fees and expenses reasonably incurred in successfully seeking to obtain or
enforce any right or benefit provided under this Section 7.

     (f) This Section 7 may not be amended or modified after the occurrence of a
Change in Control.

     8.   Effective Date
          --------------

     The effective date of this Plan is April 16, 1998.

     9.   Miscellaneous
          -------------

     (a) The election to defer Deferrable Compensation, including but not
limited to the allocation of the amount deferred between the cash allotment or
the stock allotment portion of the Account, or a combination thereof, and the
time and manner of distribution, shall be irrevocable as to amounts payable
following the time when the election is made and shall remain irrevocable until
a new election form reflecting a change or revocation with respect to amounts
payable in a subsequent time period is delivered to the Company not later than
December 31 of the calendar year preceding the calendar year of the payment date
of the subsequent Deferrable Compensation to which such change or revocation is
applicable.

     (b) Neither the Key Employee nor any other personnel shall have any
interest in any fund or in any specific asset of the Company by reason of
amounts credited to the Account of a Key Employee hereunder, nor the right to
exercise any of the rights or privileges of a shareholder with respect to any
stock equivalents credited to the Account, nor the right to receive any
distribution under the Plan except as and to the extent expressly provided for
in the Plan. Distributions hereunder shall be made from the general funds of the
Company and the rights of the Key Employee shall be those of an unsecured
general creditor of the Company.

     (c) The interest of the Key Employee under the Plan shall not be assignable
by the Key Employee or the Key Employee's beneficiary or legal representative,
either by voluntary assignment or by operation of law, and any assignment of
such interest, whether voluntary or by operation of law, shall be ineffective to
transfer the Key Employee's interest; provided, however, that (i) the Key
Employee may designate a beneficiary to receive any benefit payable under the
Plan upon death, and (ii the legal representative of the Key Employee's estate
may assign the Key Employee's interest under the Plan to the persons entitled to
any benefit payable under the Plan upon the Key Employee's death.

     (d) Except as provided Section 7 above, the Company may amend, modify,
terminate or discontinue the Plan at any time; provided, however, that no such
action shall reduce the amounts credited to the Account of a Key Employee
immediately prior to such action, nor change the time, method or manner of
distribution of such amount, including without limitation distribution in
accordance with Section 7 above.

     (e) Nothing contained herein shall impose any obligation on the Company to
continue the tenure of the Key Employee beyond the term for which such Key
Employee may have been elected or appointed or shall prevent the removal of such
Key Employee.

     (f) This Plan shall be interpreted by and all questions arising in
connection therewith shall be determined by the Compensation and Management
Succession Committee of Alabama National BanCorporation (or its designee)

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whose interpretation or determination, when made in good faith, shall be
conclusive and binding, unless a Change in Control shall have occurred, in which
case such interpretation or determination shall be made by a majority of the
Continuing Directors.

     (g) If any amounts deferred pursuant to the Plan are found in a
"determination" (within the meaning of Section 1313(a) of the Internal Revenue
Code of 1986, as amended) to have been includable in gross income by a Key
Employee prior to payment of such amounts from the Key Employee's Account, such
amounts shall be immediately paid to such Key Employee, notwithstanding the Key
Employee's elections pursuant to Section 3.

     (h) The Deferrable Compensation is still subject to Federal Insurance
Contributions Taxes at the rate required by Section 3101 of the Internal Revenue
Code, as amended.  The Company will withhold such taxes from other compensation
which is not deferred.

                                       6SECOND STANDSTILL AGREEMENT

     This Second Standstill Agreement ("Agreement") entered into the
19th day of April, 2001, by and among COOKER RESTAURANT CORPORATION, an
Ohio corporation ("Borrower"), CGR MANAGEMENT CORPORATION, a Florida
corporation, FLORIDA COOKER LP, INC., a Florida corporation, and
SOUTHERN COOKER LIMITED PARTNERSHIP, an Ohio limited partnership,
(collectively the "Co-Obligors" and individually a "Co-Obligor"),
jointly and severally, and BANK OF AMERICA, N.A., successor to
NATIONSBANK, N.A., successor to NATIONSBANK OF TENNESSEE, N.A., a
national banking association ("Bank of America") and FIRST UNION
NATIONAL BANK, a national banking association ("First Union") (Bank of
America and First Union being individually referred to as a "Lender"
and collectively referred to as the "Lenders") and BANK OF AMERICA,
N.A., successor to NATIONSBANK, N.A., successor to NATIONSBANK OF
TENNESSEE, N.A., a national banking association, as administrative
agent for the Lenders (in such capacity the "Agent").

                      W I T N E S S E T H

     WHEREAS, on September 24, 1998, the Borrower, the Co-Obligors,
Bank of America and First Union entered into that certain Loan
Agreement, which was amended by a First Amendment to Loan Agreement
entered into the 28th day of April , 1999, to be effective March 24,
1999, and a Second Amendment to Loan Agreement dated August 31, 1999,
which was amended by a Third Amendment to Loan Agreement dated November
12, 1999, which was amended by a Fourth Amendment to Loan Agreement
dated December 3, 1999 (the "Loan Agreement");  and,

     WHEREAS, Effective January 8, 2001 the Borrower, the Co-Obligors,
Bank of America and First Union entered into that certain Standstill
Agreement ("First Standstill Agreement"); and

     WHEREAS, The First Standstill Agreement has expired and the
Borrower, the Co-Obligors, Bank of America and First Union wish to enter
into this Agreement to provide for the granting of additional collateral
to the Lenders and the extension of the standstill period to permit the
parties to attempt to negotiate a long-term forbearance agreement on
terms acceptable to all parties.

     NOW, THEREFORE, as an inducement to cause Lenders to extend
the standstill period and for other good and valuable consideration, the
receipt and sufficiency of which are acknowledged, the parties agree as
follows:

     1.   Capitalized terms not defined herein shall have the meaning
contained in the Loan Agreement and, if not defined therein, in the
First Standstill Agreement.

     2.   To induce the Lenders to enter into this Agreement, Borrower
and Co-Obligors shall, concurrently with the mutual execution and
delivery of this Agreement, execute and deliver a first priority
mortgage on Borrower's and/or Co-Obligors' restaurant property located
in Troy, Michigan ("the Troy Mortgage") and an amendment to the Grand
Rapids Mortgage deleting the provision in the Grand Rapids Mortgage that
provided for the release of the Grand Rapids Mortgage upon payment of

<PAGE>    Exhibit 10.1 - Pg. 1

the Grand Rapids Release Price.  The provisions in the First Standstill
Agreement relating to the release of the Grand Rapids Mortgage are also
terminated.  Upon execution of this Agreement, Borrower and Co-Obligors
shall also pay to Lenders $630,000.00 to be applied to outstanding
interest owed to Lenders and a modification fee of $50,000.00.

     3.   Lenders contend that Borrower and Co-Obligors are in
default under the Loan Agreement and Notes in the following respects
(collectively, the "Default"):  (a) the failure to make payments of
principal and interest on the Notes from and after the installment due
on July 1, 2000 (except for payments associated with the First
Standstill Agreement of $4,085,052.92 received January 9, 2001,
$25,458.74 received January 11, 2001, and $339,488.34 received on
January 22, 2001, and the $630,000.00 payable in connection with this
Agreement); (b) the failure to comply with the financial covenants
contained in Sec. 36 of the Loan Agreement; (c) the Default by Borrower and
Co-Obligors under their Loan Agreement with CIT; and (d) Borrower's and
Co-Obligors' defaults under their subordinated 6 _ public bonds.  In
consideration of the provisions of this Agreement, Lenders agree to
forbear from exercising rights against the Borrower and Co-Obligors as a
result of such Default until the date (the "Forbearance Date") which is
the first to occur of the following:  a) May 25, 2001; b) the filing of
a petition under any Chapter of the Bankruptcy Code by or against
Borrower or any Co-Obligor; or c) a material breach by any Borrower or
Co-Obligor of any provision of this Agreement which is not cured within
ten (10) business days following Borrower's and Co-Obligors' receipt of
written notice thereof from Lenders; provided, however, in the event
Borrower and/or Co-Obligors cure the Default, Lenders shall have no
further right or remedy against Borrower whatsoever in connection with
or by reason by such Default.  Notwithstanding the foregoing, this
forbearance shall not prohibit Lenders from re-advertising foreclosure
sale of Borrower and/or Co-Obligors' properties located in Davidson
County, Tennessee, so long as the sale is scheduled for May 30, 2001, or
later.  Pending the Forbearance Date, the failure of Borrower and Co-
Obligors to make scheduled payments of principal and interest under the
Notes and other payments under the Loan Documents (other than the
payments provided for in Paragraph 7) shall not be a Default under this
Agreement.  Notwithstanding anything to the contrary in this Agreement,
Lenders agree that any representation or warranty in the Loan Agreement
or any related document that is not true as of the date of this
Agreement and any covenant or other undertaking or obligation of which
the Borrower and/or Co-Obligors are in breach as of the mutual execution
and delivery of this Agreement or of which they would be in breach by
reason of matters existing on such date upon the giving of notice from
Lenders, the passage of time or both shall for purposes of this
Agreement be deemed one of the defaults comprising the Default (i.e., it
shall not be considered a default which would entitle Lenders to
exercise any right or remedy under the Loan Agreement or any related
document prior to the Forbearance Date).

     4.  (a)   Borrower and Co-Obligors shall provide to Lenders the
following information during the term of this Agreement:

               (i)     Weekly reports of store operations;

               (ii)    Monthly accounts payable aging within
         fifteen (15) days of the end of each month, starting
         with the March 31, 2001, report;

<PAGE>    Exhibit 10.1 - Pg. 2

               (iii)   A report as to the current status of
         any defaults under agreements with any secured
         creditors and a supplemental report in the future in
         the event any default occurs.  In addition, such report
         will show the current balance owed to each secured
         creditor and a general description of the collateral
         securing this obligation;

               (iv)    Copies of any executed letters of intent,
         commitment letters or contracts signed by the Borrower
         and/or Co-Obligors from and after February 1, 2001, for
         the sale, sale-leaseback, disposition or refinance of
         any real property or any material personal property of
         any Borrower and/or Co-Obligor, provided, however, that
         Lenders shall execute a confidentiality agreement with
         respect to the information to be provided under this
         subparagraph if requested by any third party;

               (v)     Monthly and year-to-date unaudited financial
         statements consisting of an income statement, balance
         sheet and cash flow statement for the Borrower and Co-
         Obligors within fifteen (15) days of the end of each
         month beginning with the March 31, 2001, statements;

               (vi)    Weekly cash flow reports showing changes in
         cash position to be provided within a week of the close
         of the prior week.

         (b)   Borrower and Co-Obligors shall provide to Lenders
the following information within two weeks of the execution
of this Agreement:

               (i)     Reports showing actual performance through
         March 31, 2001 and projections for the balance of year
         2001 showing store operations and company operations,
         an operating plan for the remainder of calendar year
         2001 including provisions relating to improving same
         store performance and a list of all pending or proposed
         real estate dispositions.

               (ii)    Title updates for the Grand Rapids, Troy and
         Vandalia stores showing the mortgages granted to
         Lenders to be first mortgages subject only to current
         year's real property taxes and encroachments that do
         not affect the use and operation of the real property
         as a restaurant.

         (c)     Borrower and Co-Obligors shall allow Lenders to
conduct an appraisal on the Cool Springs, Tennessee facility promptly
following execution of this Agreement.

	5. 	Borrower and Co-Obligors have advised Lenders that they
intend to enter into a transaction involving the sale-leaseback of
the Troy and Grand Rapids, Michigan stores and the sale of the
Palm Harbor, Florida store (the "Dorsey Transaction").  The Dorsey
transaction is projected to gross Borrower and Co-Obligors at
least $4,600,000.00, subject to reductions for customary closing
costs excluding any broker's fees.  The Dorsey Transaction is
presently scheduled to close on or before May 25, 2001.  The
Borrower and Co-Obligors make no representations or warranties
about the closing of the Dorsey Transaction or the proceeds to be

<PAGE>    Exhibit 10.1 - Pg. 3

realized in connection with the Dorsey Transaction and they shall
not be in default hereunder if the Dorsey Transaction does not
close or the proceeds generated from the Dorsey Transaction are
less than estimated.  Lenders agree that Lenders will release and
fully reconvey their liens on the Troy, Grand Rapids and Palm
Harbor stores (collectively, the "Release Properties")
concurrently with the occurrence of the following:

         (a)     A payment by wire transfer of $2,900,000.00 (the
"Release Payment") from the closing proceeds of the Dorsey
Transaction; and

         (b)     Borrower's agreement (as provided herein) to use
up to the approximately $1,700,000.00 of remaining proceeds
from the closing of the Dorsey Transaction to acquire a
restaurant located in Cool Springs, Tennessee which is
currently leased and operated by Borrower (the "Cool Springs
Store").  Upon a closing of the acquisition of the Cool
Springs Store, Lenders will receive a first deed of trust in
substantially the same form that encumbers other property in
Tennessee encumbering the fee interest in the real property
comprising part of the Cool Springs Store (the "Cool Springs
Real Property") to secure all obligations owed to Lenders,
together with a lender's policy of title insurance (at
Borrower's expense) in an amount equal to the greater of the
purchase price paid by Borrower for the Cool Springs Store or
the appraised value thereof.  The lender's policy will insure
the Lenders as having a first priority deed of trust on the
Cool Springs Real Property, subject only to the current
year's real property taxes and easements and encumbrances
that do not materially interfere with the site's use as a
restaurant.  In the event that the acquisition of the Cool
Springs Store does not close concurrently with the closing of
the Dorsey Transaction, the Lenders shall hold the
approximately $1,700,000.00 as additional collateral in an
interest bearing account (such amount, together with all
interest from time to time earned thereon is referred to
herein as the "Cool Springs Purchase Money").  Provided that
the Cool Springs Store acquisition occurs prior to the Cool
Springs Outside Date (as defined in subparagraph (c) below)
and the other conditions set forth in this subparagraph (b)
are satisfied,  Lenders shall fund the Cool Springs Purchase
Money directly to the title company conducting the closing of
the acquisition of the Cool Springs Store solely for
Borrower's use and account in acquiring the Cool Springs
Store.  The deed of trust will be recorded immediately
following the deed conveying the Cool Springs Store to
Borrower.

         (c)     As provided above, Lenders shall release and
fully reconvey their liens on the Release Properties
concurrently with their receipt of the Release Payment and
in reliance upon Borrower's agreement set forth in Paragraph
5(b) above, but only if the Lenders receive the Release
Payment on or before August 27, 2001 (the "Dorsey Outside
Date"). Further, the Lenders' obligation to fund the Cool
Springs Purchase Money for use in connection with Borrower's
acquisition of the Cool Springs Store is conditioned upon
such acquisition occurring by no later than August 27, 2001
(the "Cool Springs Outside Date").   Notwithstanding
anything to the contrary herein, so long as the express
conditions to the Lenders' obligations under Paragraph 5(a)

<PAGE>    Exhibit 10.1 - Pg. 4

and (b) are satisfied by the respective outside dates
applicable thereto, Lenders' obligation to perform their
covenants and obligations in favor of Borrower under this
Paragraph 5 shall be unaffected by and shall survive:  (a)
any termination of this Agreement; (b) any default by
Borrower and/or Co-Obligors under this Agreement; and/or (c)
any filing of bankruptcy cases by or against Borrower and/or
any Co-Obligor.  If, however, any of the express conditions
precedent to Lenders' obligation to release and fully
reconvey the liens on the Release Properties is not
satisfied by the Dorsey Outside Date, then (a) Lenders' and
Borrower's respective agreements under Paragraphs 5(a) and
(b) above shall terminate and be of no further force or
effect.  In the event that the Dorsey Transaction occurs by
the Dorsey Outside Date, but the Cool Springs Store
acquisition does not close by the Cool Springs Outside Date,
then Lenders' obligation to fund the Cool Springs Purchase
Money for purchase of the Cool Springs Store or to allow the
funds to be used for any other purpose shall lapse and be of
no further force or effect, whereupon Lenders shall have the
immediate right and obligation to cause the Cool Springs
Purchase Money to be credited and applied to payment of the
obligations in the manner provided in the Loan Agreement.

         (d)     It is possible that the Dorsey Transaction and/or
the acquisition of the Cool Springs Store may not be
consummated prior to the commencement of a bankruptcy case
involving the Borrower and/or Co-Obligors.  In such event,
Lenders agree that, subject to the outside dates contained in
Paragraph 5(c), (i) the Cool Springs Purchase Money will
constitute cash collateral of the Lenders pursuant to Section
363 of the United States Bankruptcy Code; (ii) Lenders'
obligation to release the Cool Springs Purchase Money
pursuant to the terms of this paragraph shall not be a
contract to provide financial accommodations under Section
365 of the Bankruptcy Code;  (iii) compliance by the Borrower
and Co-Obligors with the provisions of this Paragraph 5,
including the provision of a first deed of trust encumbering
the Cool Springs Store shall constitute adequate protection
for the release of the Release Properties and use of the Cool
Springs Purchase Money to purchase the Cool Springs Store;
(iv) the Borrower and/or Co-Obligors shall be entitled to a
turnover order from the Bankruptcy Court  directing the money
to be paid to the title company, if the Borrower and Co-
Obligors comply with the provisions of this Paragraph 5 and
Lenders do not release the Cool Springs Purchase Money in
accordance with the provisions of Paragraph 5(c) above; (v)
the Lenders will not oppose consummation of the Dorsey
Transaction on or before the Dorsey Outside Date; and (vi)
the Lenders will not oppose the acquisition of the Cool
Springs Store on or before the Cool Springs Outside Date.

          (e)     Any proceeds from the Dorsey Transaction remaining
after the purchase of the Cool Springs Store shall be paid to
Lenders.

     6.   Borrower and Co-Obligors agree to allow Lenders or their
agents reasonable access to Borrower's and Co-Obligors' books and
records and to the restaurants.  Access to the restaurants will be for

<PAGE>    Exhibit 10.1 - Pg. 5

the purposes of inspecting collateral and/or performing appraisals.
Access to the restaurants will be upon reasonable notice to the Borrower
and Co-Obligors and scheduled and conducted in such a way as to not
disrupt the business or operations of the restaurants.

     7.   Borrower and Co-Obligors agree to promptly reimburse Lenders
for all un-reimbursed legal fees and expenses recoverable by Lenders
under the terms of the Loan Agreement as of the date of this Agreement
in an aggregate amount not to exceed Twelve Thousand Dollars
($12,000.00).

     8.   This Agreement shall be construed in accordance with the
laws of the State of Tennessee.  This Agreement shall be deemed to be
an amendment to the Loan Agreement, the terms of which, as amended, are
ratified and affirmed by the parties effective the date hereof,
provided, however, that Borrower and Co-Obligors are not (i) ratifying
or affirming any representations or warranties made in the Loan
Agreement which are not true as of the date of this Agreement; or (ii)
agreeing to perform any covenant, undertaking or other obligation under
the Loan Agreement of which the Borrower and/or Co-Obligors are in
default as of the mutual execution and delivery of this Agreement or of
which they would be in default by reason of matters existing on such
date upon the giving of notice by Lenders, the passage of time or both.

     9.   This Agreement may be signed in multiple counterparts and
will be effective when each party has signed a counterpart.

          IN WITNESS WHEREOF, the parties have executed this Agreement
to be effective the day and year first above written.

                                 LENDERS:

                                 BANK OF AMERICA, N.A., successor to
                                 NATIONSBANK, N.A., successor to
                                 NATIONSBANK OF TENNESSEE, N.A.

                                 By:     /s/Roger O. Gore
                                    ----------------------------------

                                 Title:   Senior Vice President

                                 FIRST UNION NATIONAL BANK

                                 By:     /s/Marinus Otte
                                    ----------------------------------

                                 Title:   Senior Vice President

<PAGE>    Exhibit 10.1 - Pg. 6

                                 AGENT:

                                 BANK OF AMERICA, N.A., successor to
                                 NATIONSBANK, N.A., successor to
                                 NATIONSBANK OF TENNESSEE, N.A.

                                 By:     /s/Roger O. Gore
                                    ----------------------------------

                                 Title:   Senior Vice President

                                 BORROWER:

                                 COOKER RESTAURANT CORPORATION,
                                 an Ohio corporation

                                 By:     /s/Henry R. Hillenmeyer
                                    ----------------------------------

                                 Title:   Chairman and Chief
                                          Executive Officer

                                 CO-OBLIGORS:

                                 CGR MANAGEMENT CORPORATION,
                                 a Florida corporation

                                 By:    /s/Henry R. Hillenmeyer
                                    ----------------------------------

                                 Title:    Chairman and Chief
                                           Executive Officer

                                 FLORIDA COOKER LP, INC.,
                                 a Florida corporation

                                 By:     /s/Henry R. Hillenmeyer
                                    ----------------------------------

                                 Title:     Chairman and Chief
                                            Executive Officer

<PAGE>    Exhibit 10.1 - Pg. 7

                                 SOUTHERN COOKER LIMITED
                                 PARTNERSHIP, an Ohio limited
                                 partnership

                                 By:     COOKER RESTAURANT
                                 CORPORATION, General Partner

                                 By:     /s/Henry R. Hillenmeyer
                                    ----------------------------------

                                 Title:    Chairman and Chief
                                           Executive Officer

<PAGE>    Exhibit 10.1 - Pg. 8

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