Document:

<PAGE>

                                                                   EXHIBIT 10.30

 THIS AMENDED AND RESTED GUARANTY IS SUBORDINATED TO THE GUARANTY DATED AS OF
APRIL 26, 1999 EXECUTED BY EACH OF THE UNDERSIGNED IN FAVOR OF BANK BOSTON, N.A.
 (n/k/a FLEET NATIONAL BANK), AS AGENT ("AGENT"), AND CERTAIN OTHER FINANCIAL
  INSTITUTIONS PARTY TO THAT CERTAIN REVOLVING CREDIT AND TERM LOAN AGREEMENT
 DATED AS OF APRIL 26, 1999 BY AND AMONG CHART HOUSE ENTERPRISES, INC., CHART
 HOUSE, INC., AGENT, AND SUCH FINANCIAL INSTITUTIONS, PURSUANT TO THAT CERTAIN
   SECOND AMENDED AND RESTATED SUBORDINATION AGREEMENT OF EVEN DATE HEREWITH
    EXECUTED BY AGENT, CHART HOUSE INC., CHART HOUSE ENTERPRISES INC., THE
               UNDERSIGNED, AND EGI FUND (00) INVESTORS, L.L.C.

                             AMENDED AND RESTATED
                                   GUARANTY
                                   --------

     AMENDED AND RESTATED GUARANTY (this "Guaranty"), dated as of February 20,
2001, by CHART HOUSE ENTERPRISES OF IDAHO, INC., an Idaho corporation, CHART
HOUSE ENTERPRISES OF PUERTO RICO, INC., a Louisiana corporation, CHART HOUSE OF
ANNAPOLIS, INC., a Delaware corporation, CHART HOUSE OF MARYLAND, INC., a
Delaware corporation, CHART HOUSE ACQUISITION, INC., a Delaware corporation, BIG
WAVE, INC., a Delaware corporation, CORK 'N CLEAVER, INC., a Delaware
corporation, and ANALOS COMPANY, a Delaware corporation, WEST 52ND STREET, INC.,
a Delaware corporation, CHART HOUSE ACQUISITION OF NEVADA, INC., a Delaware
corporation, and CHART HOUSE ACQUISITION OF MARYLAND, INC., a Delaware
corporation (collectively the "Guarantors"), in favor of EGI FUND (00)
INVESTORS, L.L.C., a Delaware limited liability company ("Lender").

     WHEREAS, Chart House Enterprises, Inc. ("Parent") and Chart House, Inc.
(the "Company") and the Guarantors are members of a group of related
corporations, the success of any one of which is dependent in part on the
success of the other members of such group;

     WHEREAS, each of the Guarantors expects to receive substantial direct and
indirect benefits from the extensions of credit to the Company by Lender
pursuant to that certain Amended and Restated Subordinated Promissory Note and
Guaranty of even date herewith (as amended from time to time, the "Note")
executed by Parent and the Company in favor of Lender, and pursuant to which
Lender made a loan (the "Loan") to the Company in the amount of $2,000,000
(which benefits are hereby acknowledged);

     WHEREAS, it is a condition precedent to Lender's making the Loan to the
Company that each of the Guarantors execute and deliver to Lender this guaranty;
and

     WHEREAS, each of the Guarantors wishes to guaranty the Company's
obligations to Lender under or in respect of the Loan and the Note as provided
herein;

     NOW, THEREFORE, each of the Guarantors hereby agrees with Lender as
follows:

     1. Definitions. The term "Obligations" and all other capitalized terms
        -----------
used herein without definition shall have the respective meanings provided
therefor in the Note.

     2. Guaranty of Payment and Performance. Each of the Guarantors hereby
        -----------------------------------
guarantees to Lender the full and punctual payment when due (whether at stated
maturity, by required pre-payment, by acceleration or otherwise), as well as the
performance, of all of the Obligations including all such Obligations which
would become due but for the operation of the automatic stay pursuant to
(S)362(a) of
<PAGE>

the Federal Bankruptcy Code and the operation of (S)(S)502(b) and 506(b) of the
Federal Bankruptcy Code. This Guaranty is an absolute, unconditional and
continuing guaranty of the full and punctual payment and performance of all of
the Obligations and not of their collectibility only and is in no way
conditioned upon any requirement that Lender first attempt to collect any of the
Obligations from the Company or resort to any collateral security or other means
of obtaining payment. Should the Company default in the payment or performance
of any of the Obligations, the joint and several obligations of each of the
Guarantors hereunder with respect to such Obligations in default shall, upon
demand by Lender, become immediately due and payable, without demand or notice
of any nature, all of which are expressly waived by the Guarantors. Payments by
each of the Guarantors hereunder may be required by Lender on any number of
occasions. All payments by such Guarantors hereunder shall be made to Lender, in
the manner and at the place of payment specified therefor in the Note.

     3. Guarantors' Agreement to Pay Enforcement Costs, etc. Each of the
        ---------------------------------------------------
Guarantors further jointly and severally agrees, as the principal obligor and
not as a guarantor only, to pay to Lender, on demand, all costs and expenses
(including court costs and reasonable legal expenses) incurred or expended by
Lender in connection with the Obligations, this Guaranty and the enforcement
thereof, together with interest on amounts recoverable under this (S)3 from the
time when such amounts become due until payment, whether before or after
judgment, at the rate of interest set forth in the Note, provided that if such
                                                         ---------
interest exceeds the maximum amount permitted to be paid under applicable law,
then such interest shall be reduced to such maximum permitted amount.

     4. Waivers by Guarantors; Lender's Freedom to Act. Each of the Guarantors
        ----------------------------------------------
agrees that the Obligations will be paid and performed strictly in accordance
with their respective terms, regardless of any law, regulation or order now or
hereafter in effect in any jurisdiction affecting any of such terms or the
rights of Lender with respect thereto. Each of the Guarantors waives promptness,
diligences, presentment, demand, protest, notice of acceptance, notice of any
Obligations incurred and all other notices of any kind, all defenses which may
be available by virtue of any valuation, stay, moratorium law or other similar
law now or hereafter in effect, any right to require the marshalling of assets
of the Company or any other entity or other person primarily or secondarily
liable with respect to any of the Obligations, and all suretyship defenses
generally. Without limiting the generality of the foregoing, each of the
Guarantors agrees to the provisions of any instrument evidencing, securing or
otherwise executed in connection with any Obligation and agrees that the
obligations of each of the Guarantors hereunder shall not be released or
discharged, in whole or in part, or otherwise affected by (i) the failure of
Lender to assert any claim or demand or to enforce any right or remedy against
the Company or any other entity or other person primarily or secondarily liable
with respect to any of the Obligations; (ii) any extensions, compromise,
refinancing, consolidation or renewals of any Obligation; (iii) any change in
the time, place or manner of payment of any of the Obligations or any
rescissions, waivers, compromise, refinancing, consolidation or other amendments
or modifications of any of the terms or provisions of the Note or any other
agreement evidencing, securing or otherwise executed in connection with any of
the Obligations made in accordance with the terms thereof; (iv) the addition,
substitution or release of any entity or other person primarily or secondarily
liable for any Obligation; or (v) any other act or omission which might in any
manner or to any extent vary the risk of such Guarantor or otherwise operate as
a release or discharge of such Guarantor, all of which may be done without
notice to the Guarantor.

     5. Unenforceability of Obligations Against Company. If for any reason the
        -----------------------------------------------
Company has no legal existence or is under no legal obligation to discharge any
of the Obligations, or if any of the Obligations have become irrecoverable from
the Company by reason of the Company's insolvency, bankruptcy or reorganization
or by other operation of law or for any other reason, this Guaranty shall
nevertheless be binding on each of the Guarantors to the same extent as if such
Guarantor at all times had been the principal obligor on all such Obligations.
In the event that acceleration of the time for payment of any of the Obligations
is stayed upon the insolvency, bankruptcy or reorganization of the Company, or

                                       2
<PAGE>

for any other reason, all such amounts otherwise subject to acceleration under
the terms of the Note or any other agreement evidencing, securing or otherwise
executed in connection with any Obligation shall be immediately due and payable
by such Guarantor.

     6. Subrogation; Subordination.
        --------------------------

          6.1. Waiver of Rights Against Company. Until the final payment and
               --------------------------------
     performance in full of all of the Obligations, none of the Guarantors shall
     exercise and each of the Guarantors hereby waives any rights against the
     Company arising as a result of payment by such Guarantor hereunder, by way
     of subrogation, reimbursement, restitution, contribution or otherwise, and
     will not prove any claim in competition with Lender in respect of any
     payment hereunder in any bankruptcy, insolvency or reorganization case or
     proceedings of any nature; none of the Guarantors will claim any setoff,
     recoupment or counterclaim against the Company in respect of any liability
     of such Guarantor to the Company.

          6.2. Subordination. The payment of any amounts due with respect to any
               -------------
     indebtedness of the Company for money borrowed or credit received now or
     hereafter owed to each of the Guarantors is hereby subordinated to the
     prior payment in full of all of the Obligations. Each of the Guarantors
     agrees that, after the occurrence of any default in the payment or
     performance of any of the Obligations, such Guarantor will not demand, sue
     for or otherwise attempt to collect any such indebtedness of the Company to
     such Guarantor until all of the Obligations shall have been paid in full.
     If, notwithstanding the foregoing sentence, such Guarantor shall collect,
     enforce or receive any amounts in respect of such indebtedness while any
     Obligations are still outstanding, such amounts shall be collected,
     enforced and received by such Guarantor as trustee for Lender and be paid
     over to Lender on account of the Obligations without affecting in any
     manner the liability of such Guarantor under the other provisions of this
     Guaranty.

          6.3. Provisions Supplemental. The provisions of this (S)6 shall be
               -----------------------
     supplemental to and not in derogation of any rights and remedies of Lender
     under any separate subordination agreement which Lender may at any time and
     from time to time enter into with any of the Guarantors.

     7. Setoff. Upon the occurrence and during the continuance of an Event of
        ------
Default, Lender is hereby authorized at any time and from time to time, without
notice to the Guarantors (any such notice being expressly waived by each of the
Guarantors) and to the fullest extent permitted by law, to set off and apply any
and all sums credited by or due from Lender to any Guarantor against the
obligations of such Guarantor under this Guaranty, whether or not Lender shall
have made any demand under this Guaranty and although such obligations may be
contingent or unmatured.

     8. Further Assurances. Each of the Guarantors agrees that it will from
        ------------------
time to time, at the request of Lender, do all such things and execute all such
documents as Lender may consider necessary or desirable to give full effect to
this Guaranty and to perfect and preserve the rights and powers of Lender
hereunder. Each of the Guarantors acknowledges and confirms that such Guarantor
itself has established its own adequate means of obtaining from the Company on a
continuing basis all information desired by such Guarantor concerning the
financial condition of the Company and that such Guarantor will look to the
Company and not to Lender in order for such Guarantor to keep adequately
informed of changes in the Company's financial condition.

     9. Termination; Reinstatement. This Guaranty shall remain in full force
        --------------------------
and effect until Lender is given written notice of any of the Guarantors'
intention to discontinue this Guaranty, notwithstanding any intermediate or
temporary payment or settlement of the whole or any part of the Obligations. No
such

                                       3
<PAGE>

notice shall be effective unless received and acknowledged by an officer of
Lender at the address of Lender for notices set forth in the Note. No such
notice shall affect any rights of Lender hereunder, including without limitation
the rights set forth in (S)(S)4 and 6, with respect to any Obligations incurred
or accrued prior to the receipt of such notice or any Obligations incurred or
accrued pursuant to any contract or commitment in existence prior to such
receipt. This Guaranty shall continue to be effective or be reinstated,
notwithstanding any such notice, if at any time any payment made or value
received with respect to any Obligation is rescinded or must otherwise be
returned by Lender upon the insolvency, bankruptcy or reorganization of the
Company, or otherwise, all as though such payment had not been made or value
received.

     10. Successors and Assigns. This Guaranty shall be binding upon each of
         ----------------------
the Guarantors, its successors and assigns, and shall inure to the benefit of
Lender and its successors, transferees and assigns. Without limiting the
generality of the foregoing sentence, Lender may assign or otherwise transfer
the Note or any other agreement or note held by it evidencing, securing or
otherwise executed in connection with the Obligations, or sell participations in
any interest therein, to any other entity or other person, and such other entity
or other person shall thereupon become vested, to the extent set forth in the
agreement evidencing such assignment, transfer or participation, with all the
rights in respect thereof granted to Lender herein.  No Guarantor may assign any
of its obligations hereunder.

     11. Amendments and Waivers. No amendment or waiver of any provision of
         ----------------------
this Guaranty nor consent to any departure by any of the Guarantors therefrom
shall be effective unless the same shall be in writing and signed by Lender.  No
failure on the part of Lender to exercise, and no delay in exercising, any right
hereunder shall operate as a waiver thereof; nor shall any single or partial
exercise of any right hereunder preclude any other or further exercise thereof
or the exercise of any other right.

     12. Notices. All notices and other communications called for hereunder
         -------
shall be made in writing and, unless otherwise specifically provided herein,
shall be deemed to have been duly made or given when delivered by hand or mailed
first class, postage prepaid, or, in the case of telegraphic or telexed notice,
when transmitted, answer back received, addressed as follows: if to a Guarantor,
at the address set forth beneath its signature hereto, and if to Lender, at the
address for notices to Lender set forth in the Note, or at such address as
either party may designate in writing to the other.

     13. Governing Law; Consent to Jurisdiction. THIS GUARANTY SHALL BE GOVERNED
         --------------------------------------
BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (AND NOT THE LAWS OF
CONFLICTS) OF THE STATE OF ILLINOIS. Each of the Guarantors agrees that any suit
for the enforcement of this Guaranty may be brought in the courts of the State
of Illinois or any federal court sitting therein and consents to the
nonexclusive jurisdiction of such court and to service of process in any such
suit being made upon the Guarantor by mail at the address specified by reference
in (S)12. Each of the Guarantors hereby waives any objection that it may now or
hereafter have to the venue of any such suit or any such court or that such suit
was brought in an inconvenient court.

     14. Waiver of Jury Trial. EACH OF THE GUARANTORS HEREBY WAIVES ITS RIGHT
         --------------------
TO A JURY TRIAL WITH RESPECT TO ANY ACTION OR CLAIM ARISING OUT OF ANY DISPUTE
IN CONNECTION WITH THIS GUARANTY, ANY RIGHTS OR OBLIGATIONS HEREUNDER OR THE
PERFORMANCE OF ANY OF SUCH RIGHTS OR OBLIGATIONS. Except as prohibited by law,
each of the Guarantors hereby waives any right which it may have to claim or
recover in any litigation referred to in the preceding sentence any special,
exemplary, punitive or consequential damages or any damages other than, or in
addition to, actual damages. Each of the Guarantors (a) certifies that neither
Lender nor any representative, agent or attorney of Lender has represented,
expressly or otherwise, that Lender would not, in the event of litigation, seek

                                       4
<PAGE>

to enforce the foregoing waivers and (b) acknowledges that, in making the loan
evidenced by the Note, Lender is relying upon, among other things, the waivers
and certifications contained in this (S)14.

     15. Miscellaneous. This Guaranty constitutes the entire agreement of each
         -------------
of the Guarantors with respect to the matters set forth herein. The rights and
remedies herein provided are cumulative and not exclusive of any remedies
provided by law or any other agreement, and this Guaranty shall be in addition
to any other guaranty of or collateral security for any of the Obligations. The
invalidity or unenforceability of any one or more sections of this Guaranty
shall not affect the validity or enforceability of its remaining provisions.
Captions are for the ease of reference only and shall not affect the meaning of
the relevant provisions. The meanings of all defined terms used in this Guaranty
shall be equally applicable to the singular and plural forms of the terms
defined.  This Guaranty may be executed (a) in counterparts, each of which
counterparts shall be an original, and all of which together shall constitute
one instrument, and (b) by facsimile signature, and such facsimile signature
shall be deemed to be an original instrument.  This Guaranty amends and restates
in its entirety that certain Guaranty dated as of November 21, 2000 executed by
the undersigned in favor of Lender.

                                       5
<PAGE>

     IN WITNESS WHEREOF, each of the Guarantors has caused this Guaranty to be
executed and delivered as of the date first above written.

                                        CHART HOUSE ENTERPRISES OF IDAHO, INC.

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                        CHART HOUSE ENTERPRISES OF PUERTO RICO,
                                        INC.

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                        CHART HOUSE OF MARYLAND, INC.

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                        CHART HOUSE OF ANNAPOLIS, INC.

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                       6
<PAGE>

                                        CHART HOUSE ACQUISITION, INC.

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                        BIG WAVE, INC.

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                        CORK'N CLEAVER, INC.

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                        ANALOS COMPANY

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                        WEST 52/ND/ STREET, INC.

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                       7
<PAGE>

                                        CHART HOUSE ACQUISITION OF NEVADA, INC.

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                        CHART HOUSE ACQUISITION OF MARYLAND,
                                        INC.

                                        By:    ________________________________
                                        Name:  ________________________________
                                        Title: ________________________________

                                        Address:

                                        640 N. LaSalle Street, Suite 295
                                        Chicago, Illinois 60610

                                       8<PAGE>

                                                                   Exhibit 10.40

              SECOND AMENDED AND RESTATED SUBORDINATION AGREEMENT
              ---------------------------------------------------

     SECOND AMENDED AND RESTATED SUBORDINATION AGREEMENT (this "Agreement"),
dated as of February 20, 2001, among FLEET NATIONAL BANK (formerly known as
BankBoston, N.A.), a national banking association having its office at 100
Federal Street, Boston, Massachusetts  02110, in its capacity as agent (the
"Agent") for the Banks (as hereinafter defined), EGI-FUND (00) INVESTORS,
L.L.C., a Delaware limited liability company having a principal of business at
Two North Riverside Plaza, Suite 600, Chicago, Illinois  60606 (the
"Subordinating Creditor"), CHART HOUSE, INC., a Delaware corporation having its
office at 640 North LaSalle Street, Suite 295, Chicago, Illinois 60610 (the
"Borrower"), CHART HOUSE ENTERPRISES, INC. (the "Parent") and each of the
Subsidiaries of the Borrower set forth on the signature pages hereto as
Guarantors.

     WHEREAS, pursuant to a Revolving Credit and Term Loan Agreement, dated as
of April 26, 1999 (as amended and in effect from time to time, including any
replacement agreement therefor, the "Credit Agreement"), among the lending
institutions party thereto (the "Banks"), the Agent, the Borrower and the
Parent, the Banks have agreed, upon the terms and subject to the conditions
contained therein, to make loans and otherwise to extend credit to the Borrower;
and

     WHEREAS, the Subordinating Creditor has extended credit to the Borrower
pursuant to a Subordinated Promissory Note and Guaranty dated as of November 21,
2000 (as assigned to the Subordinating Creditor pursuant to the Assignment of
Loan and Loan Documents dated as of December 18, 2000 between the Subordinating
Creditor and Samstock, L.L.C.) (as amended with the consent of the Agent as
provided herein and in effect from time to time, the "Original Subordinated
Note"), executed by the Borrower and the Parent in favor of the Subordinating
Creditor; and

     WHEREAS, the Agent, the Borrower, the Parent, the Guarantors and the
Subordinating Creditor entered into an Amended and Restated Subordination
Agreement, dated as of December 18, 2000 (the "Original Subordination
Agreement") pursuant to which all indebtedness of the Borrower to the
Subordinating Creditor was subordinated to indebtedness of the Borrower to the
Agent and the Banks on the terms and conditions contained therein;

     WHEREAS, the Original Subordinated Note shall be amended and restated in
its entirety by the Amended and Restated Subordinated Promissory Note and
Guaranty dated as of February __, 2001 (the "Subordinated Note") executed by the
Borrower and the Parent in favor of the Subordinating Creditor, as set forth
therein and shall remain in full force and effect only as set forth therein;

     WHEREAS, the parties hereto wish to amend and restate the Original
Subordination Agreement to amend certain provisions thereto;

     WHEREAS, it is a condition precedent to the Banks' willingness to continue
to make loans and otherwise to extend credit to the Borrower pursuant to the
Credit
<PAGE>

Agreement that the Borrower and the Subordinating Creditor enter into this
Agreement with the Agent; and

     WHEREAS, in order to induce the Banks to continue to make loans and
otherwise extend credit to the Borrower pursuant to the Credit Agreement, the
Borrower and the Subordinating Creditor have agreed to enter into this Agreement
with the Agent;

     NOW, THEREFORE, in consideration of the foregoing, the mutual agreements
herein contained and other good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto, intending to be
legally bound, hereby agree as follows:

     1.  Definitions.  Terms not otherwise defined herein have the same
         -----------
respective meanings given to them in the Credit Agreement. In addition, the
following terms shall have the following meanings:

     Senior Debt.  All principal, interest, fees, costs, enforcement expenses
     -----------
(including legal fees and disbursements), collateral protection expenses and
other reimbursement or indemnity obligations created or evidenced by the Credit
Agreement or any of the other Loan Documents, or any prior, concurrent, or
subsequent notes, instruments or agreements of indebtedness, liabilities or
obligations of any type or form whatsoever relating thereto in favor of the
Agent or any of the Banks.  Senior Debt shall expressly include any and all
interest accruing or out of pocket costs or expenses incurred after the date of
any filing by or against the Borrower of any petition under the federal
Bankruptcy Code or any other bankruptcy, insolvency or reorganization act
regardless of whether the Agent's or any Bank's claim therefor is allowed or
allowable in the case or proceeding relating thereto.

     Subordinated Debt.  All principal, interest (including interest accrued
     -----------------
pursuant to the Subordinated Note), fees, costs, enforcement expenses (including
legal fees and disbursements), collateral protection expenses and other
reimbursement and indemnity obligations created or evidenced by the Subordinated
Note, the Subordinated Guaranty or any prior, concurrent or subsequent notes,
instruments or agreements of indebtedness, liabilities or obligations of any
type or form whatsoever relating thereto in favor of the Subordinating Creditor.

     Subordinated Documents.  Collectively, the Subordinated Note, the
     ----------------------
Subordinated Guaranty, any promissory notes executed in connection therewith and
any and all guaranties and security interests, mortgages and other liens
directly or indirectly guarantying or securing any of the Subordinated Debt, and
any and all other documents or instruments evidencing or further guarantying or
securing directly or indirectly any of the Subordinated Debt, whether now
existing or hereafter created.

     Subordinated Guaranty.  The Amended and Restated Guaranty, dated as of
     ---------------------
February __, 2001, made by each Subsidiary of the Borrower in favor of the
Subordinating Creditor.

                                       2
<PAGE>

     2.  General. Except as expressly permitted by Section 11.16 of the Credit
         -------
Agreement, the Subordinated Debt and any and all Subordinated Documents shall be
and hereby are subordinated and the payment thereof is deferred until the full
and final payment in cash of the Senior Debt, whether now or hereafter incurred
or owed by the Borrower. The Subordinating Creditor acknowledges and agrees
that, except as expressly permitted by Section 11.16 of the Credit Agreement,
the Subordinated Debt may not be prepaid without the consent of the Agent and
the Banks, such consent to be granted or withheld in the sole and absolute
discretion of the Agent and the Banks.

     3.  Enforcement. The Subordinating Creditor will not take or omit to take
         -----------
any action or assert any claim with respect to the Subordinated Debt or
otherwise which is inconsistent with the provisions of this Agreement. Without
limiting the foregoing, the Subordinating Creditor will not assert, collect or
enforce the Subordinated Debt or any part thereof or take any action to
foreclose or realize upon the Subordinated Debt or any part thereof or enforce
any of the Subordinated Documents except to the extent (but only to such extent)
that the commencement of a legal action may be required to toll the running of
any applicable statute of limitation, to defend any challenge to the validity of
the Subordinated Debt, or to file a proof of claim or to make a vote in a
proceeding described in (S)6.1. Until the Senior Debt has been finally paid in
full in cash, the Subordinating Creditor shall not have any right of
subrogation, reimbursement, restitution, contribution or indemnity whatsoever
from any assets of the Borrower or any guarantor of or provider of collateral
security for the Senior Debt. The Subordinating Creditor further waives any and
all rights with respect to marshalling.

     4.  Payments Held in Trust. Until the Senior Debt is paid in full in cash,
         ----------------------
the Subordinating Creditor will hold in trust and immediately pay over to the
Agent for the account of the Banks and the Agent, in the same form of payment
received, with appropriate endorsements, for application to the Senior Debt any
cash amount that the Borrower pays to the Subordinating Creditor with respect to
the Subordinated Debt, or as collateral for the Senior Debt any other assets of
the Borrower that the Subordinating Creditor may receive with respect to the
Subordinated Debt.

     5.  Defense to Enforcement. If the Subordinating Creditor, in contravention
         ----------------------
of the terms of this Agreement, shall commence, prosecute or participate in any
suit, action or proceeding against the Borrower, then the Borrower may interpose
as a defense or plea the making of this Agreement, and the Agent or any Bank may
intervene and interpose such defense or plea in its name or in the name of the
Borrower. If the Subordinating Creditor, in contravention of the terms of this
Agreement, shall attempt to collect any of the Subordinated Debt or enforce any
of the Subordinated Documents, then the Agent, any Bank or the Borrower may, by
virtue of this Agreement, restrain the enforcement thereof in the name of the
Agent or such Bank or in the name of the Borrower. If the Subordinating
Creditor, in contravention of the terms of this Agreement, obtains any cash or
other assets of the Borrower as a result of any administrative, legal or
equitable actions, or otherwise, the Subordinating Creditor agrees forthwith to
pay, deliver and assign to the Agent, for the account of the

                                       3
<PAGE>

Banks and the Agent, with appropriate endorsements, any such cash for
application to the Senior Debt and any such other assets as collateral for the
Senior Debt.

     6.  Bankruptcy, etc.
         ---------------

           6.1.  Payments relating to Subordinated Debt. At any meeting of
                 --------------------------------------
     creditors of the Borrower or in the event of any case or proceeding,
     voluntary or involuntary, for the distribution, division or application of
     all or part of the assets of the Borrower or the proceeds thereof, whether
     such case or proceeding be for the liquidation, dissolution or winding up
     of the Borrower or its business, a receivership, insolvency or bankruptcy
     case or proceeding, an assignment for the benefit of creditors or a
     proceeding by or against the Borrower for relief under the federal
     Bankruptcy Code or any other bankruptcy, reorganization or insolvency law
     or any other law relating to the relief of debtors, readjustment of
     indebtedness, reorganization, arrangement, composition or extension or
     marshalling of assets or otherwise, the Agent is hereby irrevocably
     authorized at any such meeting or in any such proceeding to receive or
     collect for the benefit of the Banks and the Agent any cash or other assets
     of the Borrower distributed, divided or applied by way of dividend or
     payment, or any securities issued on account of any Subordinated Debt, and
     apply such cash to or to hold such other assets or securities as collateral
     for the Senior Debt, and to apply to the Senior Debt any cash proceeds of
     any realization upon such other assets or securities that the Agent in its
     discretion elects to effect, until all of the Senior Debt shall have been
     paid in full in cash, rendering to the Subordinating Creditor any surplus
     to which the Subordinating Creditor is then entitled.

           6.2.  Securities by Plan of Reorganization or Readjustment.
                 ----------------------------------------------------
     Notwithstanding the foregoing provisions of (S)6.1, the Subordinating
     Creditor shall be entitled to receive and retain any securities of the
     Borrower or any other corporation or other entity provided for by a plan of
     reorganization or readjustment (a) the payment of which securities is
     subordinate, at least to the extent provided in this Agreement with respect
     to Subordinated Debt, to the payment of all Senior Debt under any such plan
     of reorganization or readjustment and (b) all other terms of which are
     acceptable to the Banks and the Agent.

           6.3.  Subordinated Debt Voting Rights. At any such meeting of
                 -------------------------------
     creditors or in the event of any such case or proceeding, the Subordinating
     Creditor shall retain the right to vote and otherwise act with respect to
     the Subordinated Debt (including, without limitation, the right to vote to
     accept or reject any plan of partial or complete liquidation,
     reorganization, arrangement, composition or extension), provided that the
                                                             --------
     Subordinating Creditor shall not vote with respect to any such plan or take
     any other action in any way so as to contest (a) the validity of any Senior
     Debt or any collateral therefor or guaranties thereof, (b) the relative
     rights and duties of any holders of any Senior Debt established in any
     instruments or agreements creating or evidencing any of the Senior Debt
     with

                                       4
<PAGE>

     respect to any of such collateral or guaranties or (c) the Subordinating
     Creditor's obligations and agreements set forth in this Agreement.

     7.  Lien Subordination. The Senior Debt, the Credit Agreement and the other
         ------------------
Loan Documents and any and all other documents and instruments evidencing or
creating the Senior Debt and all guaranties, mortgages, security agreements,
pledges and other collateral guarantying or securing the Senior Debt or any part
thereof shall be senior to the Subordinated Debt and all of the Subordinated
Documents irrespective of the time of the execution, delivery or issuance of any
thereof or the filing or recording for perfection of any thereof or the filing
of any financing statement or continuation statement relating to any thereof.

          7.1.  Further Assurances. The Subordinating Creditor hereby agrees,
                ------------------
     upon request of the Agent at any time and from time to time, to execute
     such other documents or instruments as may be requested by the Agent
     further to evidence of public record or otherwise the senior priority of
     the Senior Debt as contemplated hereby.

          7.2.  Books and Records. The Subordinating Creditor further agrees to
                -----------------
     maintain on its books and records such notations as the Agent may
     reasonably request to reflect the subordination contemplated hereby and to
     perfect or preserve the rights of the Agent hereunder. A copy of this
     Agreement may be filed as a financing statement in any Uniform Commercial
     Code recording office.

     8.  Banks' Freedom of Dealing. The Subordinating Creditor agrees, with
         -------------------------
respect to the Senior Debt and any and all collateral therefor or guaranties
thereof, that the Borrower and the Banks may agree to increase the amount of the
Senior Debt or otherwise modify the terms of any of the Senior Debt, and the
Banks may grant extensions of the time of payment or performance to and make
compromises, including releases of collateral or guaranties, and settlements
with the Borrower and all other persons, in each case without the consent of the
Subordinating Creditor or the Borrower and without affecting the agreements of
the Subordinating Creditor or the Borrower contained in this Agreement;
provided, however, that nothing contained in this (S)8 shall constitute a waiver
--------  ------
of the right of the Borrower itself to agree or consent to a settlement or
compromise of a claim which the Agent or any Bank may have against the Borrower.

     9.  Modification or Sale of the Subordinated Debt. The Subordinating
         ---------------------------------------------
Creditor will not, at any time while this Agreement is in effect, modify any of
the terms of any of the Subordinated Debt or any of the Subordinated Documents;
nor will the Subordinating Creditor sell, transfer, pledge, assign, hypothecate
or otherwise dispose of any or all of the Subordinated Debt to any person other
than a person who agrees in a writing, satisfactory in form and substance to the
Agent, to become a party hereto and to succeed to the rights and to bound by all
of the obligations of the Subordinating Creditor hereunder. In the case of any
such disposition by the Subordinating Creditor, the Subordinating Creditor will
notify the Agent at least 10 days prior to the date of any of such intended
disposition.

                                       5
<PAGE>

     10.  Borrower's Obligations Absolute.  Nothing contained in this Agreement
          -------------------------------
shall impair, as between the Borrower and the Subordinating Creditor, the
obligation of the Borrower to pay to the Subordinating Creditor all amounts
payable in respect of the Subordinated Debt as and when the same shall become
due and payable in accordance with the terms thereof, or prevent the
Subordinating Creditor (except as expressly otherwise provided in (S)3 or (S)6)
from exercising all rights, powers and remedies otherwise permitted by
Subordinated Documents and by applicable law upon a default in the payment of
the Subordinated Debt or under any Subordinated Document, all, however, subject
to the rights of the Agent and the Banks as set forth in this Agreement. The
failure of the Borrower to make any payment with respect to the Subordinated
Debt in accordance with its terms by reason of the operation of this Agreement
shall not be construed as preventing the occurrence of a default under the
Subordinated Document s.

     11.  Termination of Subordination. This Agreement shall continue in full
          ----------------------------
force and effect, and the obligations and agreements of the Subordinating
Creditor and the Borrower hereunder shall continue to be fully operative, until
all of the Senior Debt shall have been paid and satisfied in full in cash and
such full payment and satisfaction shall be final and not avoidable. To the
extent that the Borrower or any guarantor of or provider of collateral for the
Senior Debt makes any payment on the Senior Debt that is subsequently
invalidated, declared to be fraudulent or preferential or set aside or is
required to be repaid to a trustee, receiver or any other party under any
bankruptcy, insolvency or reorganization act, state or federal law, common law
or equitable cause (such payment being hereinafter referred to as a "Voided
Payment"), then to the extent of such Voided Payment, that portion of the Senior
Debt that had been previously satisfied by such Voided Payment shall be revived
and continue in full force and effect as if such Voided Payment had never been
made. In the event that a Voided Payment is recovered from the Agent or any
Bank, an Event of Default shall be deemed to have existed and to be continuing
under the Credit Agreement from the date of the Agent's or such Bank's initial
receipt of such Voided Payment until the full amount of such Voided Payment is
restored to the Agent or such Bank. During any continuance of any such Event of
Default, this Agreement shall be in full force and effect with respect to the
Subordinated Debt. To the extent that the Subordinating Creditor has received
any payments with respect to the Subordinated Debt subsequent to the date of the
Agent's or any Bank's initial receipt of such Voided Payment and such payments
have not been invalidated, declared to be fraudulent or preferential or set
aside or are required to be repaid to a trustee, receiver, or any other party
under any bankruptcy act, state or federal law, common law or equitable cause,
the Subordinating Creditor shall be obligated and hereby agrees that any such
payment so made or received shall be deemed to have been received in trust for
the benefit of the Agent or such Bank, and the Subordinating Creditor hereby
agrees to pay to the Agent for the benefit of the Agent or (as the case may be)
such Bank, upon demand, the full amount so received by the Subordinating
Creditor during such period of time to the extent necessary fully to restore to
the Agent or such Bank the amount of such Voided Payment. Upon the payment and
satisfaction in full in cash of all of the Senior Debt, which payment shall be
final and not avoidable, this Agreement will automatically terminate without any
additional action by any party hereto.

                                       6
<PAGE>

     12.  Notices.  All notices and other communications which are required and
          -------
may be given pursuant to the terms of this Agreement shall be in writing and
shall be sufficient and effective in all respects if given in writing or
telecopied, delivered or mailed by registered or certified mail, postage
prepaid, as follows:

          If to the Agent:

                                   Fleet National Bank
                                   100 Federal Street
                                   Boston, MA 02110

                    Attention:     Thomas P. Tansi

               with a copy to:

                                   Bingham Dana LLP
                                   150 Federal Street
                                   Boston, MA 02110

                    Attention:     Robert A.J. Barry

          If to the Subordinating Creditor:

                                   EGI-Fund (00) Investors, L.L.C.
                                   c/o Equity Group Investments, L.L.C.
                                   Two North Riverside Plaza
                                   Suite 600
                                   Chicago, IL 60606

                    Attention:     Don Liebentritt
                                   Jeff Klein

               with a copy to:

                                   Neal, Gerber & Eisenberg
                                   Two North LaSalle Street
                                   Chicago, IL 60602

                    Attention:     Marc Brenner

                                       7

<PAGE>

          If to the Parent, the
          Borrower or any Guarantor:

                                   Chart House, Inc.
                                   640 North LaSalle Street, Suite 295
                                   Chicago, IL 60610

                    Attention:     Thomas J. Walters

     or such other address or addresses as any party hereto shall have
designated by written notice to the other parties hereto.  Notices shall be
deemed given and effective upon the earlier to occur of (i) the third day
following deposit thereof in the U.S. mail or (ii) receipt by the party to whom
such notice is directed.

     13.  Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND INTERPRETED IN
          -------------
ACCORDANCE WITH THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS AND SHALL BE A
SEALED INSTRUMENT UNDER SUCH LAWS.

     14.  Waiver of Jury Trial. EACH OF THE SUBORDINATING CREDITOR AND THE
          --------------------
BORROWER EACH HEREBY WAIVES ITS RIGHT TO A JURY TRIAL WITH RESPECT TO ANY ACTION
OR CLAIM ARISING OUT OF ANY DISPUTE IN CONNECTION WITH THIS AGREEMENT, ANY
RIGHTS OR OBLIGATIONS HEREUNDER OR THE PERFORMANCE OF SUCH RIGHTS AND
OBLIGATIONS. EXCEPT AS PROHIBITED BY LAW, EACH OF THE SUBORDINATING CREDITOR AND
THE BORROWER HEREBY WAIVES ANY RIGHT WHICH IT MAY HAVE TO CLAIM OR RECOVER IN
ANY LITIGATION REFERRED TO IN THE PRECEDING SENTENCE ANY SPECIAL, EXEMPLARY,
PUNITIVE OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO,
ACTUAL DAMAGES. EACH OF THE SUBORDINATING CREDITOR AND THE BORROWER (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE AGENT OR ANY BANK HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE AGENT OR ANY BANK WOULD NOT, IN
THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS AND (B)
ACKNOWLEDGES THAT THE AGENT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY,
AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS CONTAINED HEREIN.

     15.  Miscellaneous. This Agreement may be executed in several counterparts
          -------------
and by each party on a separate counterpart, each of which when so executed and
delivered shall be an original, and all of which together shall constitute one
instrument. In proving this Agreement, it shall not be necessary to produce or
account for more than one such counterpart signed by the party against which
enforcement is sought. The Agent, acting upon the instructions of the Required
Banks, may, in their sole and absolute discretion, waive any provisions of this
Agreement benefiting the Agent and the Banks; provided, however, that such
                                              --------  -------
waiver shall be effective only if in writing and signed by the Agent and shall
be limited to the specific provision or provisions expressly so waived. This
Agreement shall be binding upon the successors and assigns of the

                                       8

<PAGE>

Subordinating Creditor and the Borrower and shall inure to the benefit of the
Agent and the Banks, the Agent's and the Banks' respective successors and
assigns, any lender or lenders refunding or refinancing any of the Senior Debt
and their respective successors and assigns, but shall not otherwise create any
rights or benefits for any third party. In the event that any lender or lenders
refund or refinance any of the Senior Debt, the terms "Credit Agreement", "Loan
Documents", "Event of Default" and the like shall refer mutatis mutandis to the
                                                        ------- --------
agreements and instruments in favor of such lender or lenders and to the related
definitions contained therein. In the event of any inconsistency or conflict
between the Subordinated Documents and this Agreement, such inconsistency or
conflict will be governed by the terms of this Agreement and not the
Subordinated Documents. This Agreement constitutes the entire agreement between
the parties pertaining to the subject matter contained in it and supersedes all
prior and contemporaneous agreements, representations and understandings of the
parties with respect to the same, specifically including the Original
Subordination Agreement.

                                       9

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written.

                            BANK:  FLEET NATIONAL BANK, As Agent

                                        By:_________________________
                                             Name:
                                             Title:

          SUBORDINATING CREDITOR:  EGI-FUND (00) INVESTORS, L.L.C.

                                        By:_________________________
                                             Name:
                                             Title:

                          PARENT:  CHART HOUSE ENTERPRISES, INC.

                                        By:_________________________
                                             Name:
                                             Title:

                        BORROWER:  CHART HOUSE, INC.

                                        By:_________________________
                                             Name:
                                             Title:

                      GUARANTORS:  CHART HOUSE ENTERPRISES OF
                                   IDAHO, INC.

                                        By:_________________________
                                             Name:
                                             Title:
<PAGE>

                                   CHART HOUSE ENTERPRISES OF
                                   PUERTO RICO, INC.

                                   By:______________________________
                                   Title:

                                   CHART HOUSE OF ANNAPOLIS, INC.

                                   By:______________________________
                                   Title:

                                   CHART HOUSE OF MARYLAND, INC.

                                   By:______________________________
                                   Title:

                                   CHART HOUSE ACQUISITION, INC.

                                   By:______________________________
                                   Title:

                                   BIG WAVE, INC.

                                   By:______________________________
                                   Title:

                                   CORK 'N CLEAVER, INC.

                                   By:______________________________
                                   Title:

                                   ANALOS COMPANY

                                   By:______________________________
                                   Title:
<PAGE>

                                   WEST 52/nd/ STREET, INC.

                                   By:______________________________
                                   Title:

                                   CHART HOUSE ACQUISITION OF NEVADA, INC.

                                   By:______________________________
                                   Title:

                                   CHART HOUSE ACQUISITION OF MARYLAND, INC.

                                   By:______________________________
                                   Title:

                         CERTIFICATE OF ACKNOWLEDGMENT

STATE OF______________________________)
                                      ) ss.
COUNTY OF_____________________________)

     Before me, the undersigned, a Notary Public in and for the county
aforesaid, on this ____ day of February 2001, personally appeared ____________
to me known personally, and who, being by me duly sworn, deposes and says that
he is the ___________ of EGI-FUND (00) INVESTORS, L.L.C., and that said
instrument was signed and sealed on behalf of said limited liability company by
authority of its members, and said _________________ acknowledged said
instrument to be the free act and deed of said limited liability company.

                              ______________________________
                              Notary Public
                              My commission expires:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]