Document:

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                                                                    EXHIBIT 4.49

                      AGREEMENT AND PLAN OF REORGANIZATION

                                     AMONG

                           OUTBACK STEAKHOUSE, INC.,

                        CARRABBA'S ITALIAN GRILL, INC.,

                     CARROLINA RESTAURANT ASSOCIATES, INC.

                                      AND

                                WILLIAM J. KADOW

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                               TABLE OF CONTENTS

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ARTICLE 1 - PLAN OF ACQUISITION....................................................................1
1.1      The Merger................................................................................1
1.2      Adjustments...............................................................................2
1.3      Closing...................................................................................2
1.4      Execution and Delivery of Closing Documents...............................................2
1.5      Execution and Filing of Merger Documents..................................................3
1.6      Effectiveness of Merger...................................................................3
1.7      Further Assurances........................................................................3
1.8      Certificates..............................................................................3
1.9      Closing of Transfer Books.................................................................3
1.10     Fractional Shares.........................................................................3
1.11     Accounting Treatment......................................................................3

ARTICLE 2 - REPRESENTATIONS AND WARRANTIES OF JVP CORP AND KADOW...................................4
2.1      Organization and Good Standing............................................................4
2.2      Power and Authority.......................................................................4
2.3      Foreign Corporation.......................................................................4
2.4      Authority and Validity....................................................................4
2.5      Binding Effect............................................................................4
2.6      Compliance with Other Instruments.........................................................5
2.7      Capitalization of JVP CORP................................................................5
2.8      Absence of Certain Changes................................................................5
2.9      Tax Liabilities...........................................................................6
2.10     No Undisclosed Liabilities................................................................7
2.11     Title to Properties.......................................................................7
2.12     Contracts.................................................................................7
2.13     Litigation and Government Claims..........................................................7
2.14     No Violation of Any Instrument............................................................7
2.15     Necessary Approvals and Consents..........................................................8
2.16     Compliance With Laws......................................................................8
2.17     Accuracy of Information Furnished.........................................................8

ARTICLE 3 - REPRESENTATIONS AND WARRANTIES OF KADOW................................................8
3.1      Authority and Validity....................................................................8
3.2      Binding Effect............................................................................8
3.3      Ownership.................................................................................9
3.4      Voting....................................................................................9
3.5      Residency.................................................................................9
3.6      Compliance with Other Instruments.........................................................9
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TABLE OF CONTENTS (continued)

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ARTICLE 4 - REPRESENTATIONS AND WARRANTIES OF OSI AND CARRABBA'S...................................9
4.1      Organization and Good Standing............................................................9
4.2      Foreign Qualification.....................................................................9
4.3      Power and Authority.......................................................................9
4.4      Authority and Validity....................................................................9
4.5      Binding Effect............................................................................9
4.6      Compliance with Other Instruments.........................................................10
4.7      Capitalization of OSI.....................................................................10
4.8      SEC Reports...............................................................................10
4.9      Litigation and Government Claims..........................................................10
4.10     Necessary Approvals and Consents..........................................................11
4.11     Absence of Certain Changes or Events......................................................11

ARTICLE 5 - JOINT COVENANTS OF JVP CORP, KADOW, OSI AND CARRABBA'S.................................11
5.1      Notice of any Material Change.............................................................11
5.2      Cooperation...............................................................................11
5.3      Post-Closing Adjustment...................................................................12
5.4      Distribution and Allocations..............................................................12
5.5      Additional Agreements.....................................................................12

ARTICLE 6 - COVENANTS OF JVP CORP AND KADOW........................................................13
6.1      Securities Law Compliance.................................................................13
6.2      Payment of Liabilities....................................................................14
6.3      Resale Restriction........................................................................14

ARTICLE 7 - COVENANTS OF OSI AND CARRABBA'S........................................................15
7.1      Employment Agreements.....................................................................15
7.2      Assumed Liabilities.......................................................................15

ARTICLE 8 - JOINT CONDITIONS PRECEDENT TO CLOSING OBLIGATIONS......................................15
8.1      Consents to Transaction...................................................................15
8.2      Absence of Litigation.....................................................................15
8.3      Dissenter's Rights........................................................................16

ARTICLE 9 - CONDITIONS PRECEDENT TO OBLIGATIONS OF JVP CORP........................................16
9.1      Compliance................................................................................16
9.2      Representations and Warranties............................................................16
9.3      Material Adverse Changes..................................................................16

ARTICLE 10 - CONDITIONS PRECEDENT TO OBLIGATIONS OF OSI AND CARRABBA'S.............................16
10.1     Compliance................................................................................16
10.2     Representations and Warranties............................................................16
10.3     Current Financial Status..................................................................17
10.4     Material Adverse Changes..................................................................17
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TABLE OF CONTENTS (continued)

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ARTICLE 11 - INDEMNIFICATION.......................................................................17
11.1     Indemnification Based on Agreement........................................................17
11.2     Limitation................................................................................17
11.3     Cooperation...............................................................................17
11.4     Notice....................................................................................17

ARTICLE 12 - MISCELLANEOUS.........................................................................18
12.1     Termination...............................................................................18
12.2     Expenses..................................................................................18
12.3     Entire Agreement..........................................................................19
12.4     Survival of Representations and Warranties................................................19
12.5     Counterparts..............................................................................19
12.6     Notices...................................................................................19
12.7     Successors and Assigns....................................................................20
12.8     Governing Law.............................................................................20
12.9     Waiver and Other Action...................................................................20
12.10    Severability..............................................................................20
12.11    Headings..................................................................................20
12.12    Construction..............................................................................20
12.13    Jurisdiction and Venue....................................................................20
12.14    Enforcement...............................................................................20
12.15    Further Assurances........................................................................20
12.16    Equitable Remedies........................................................................21

EXHIBIT A

ARTICLES OF MERGER.................................................................................A-1

EXHIBIT B

DISCLOSURE SCHEDULES...............................................................................B-1
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                      AGREEMENT AND PLAN OF REORGANIZATION

         THIS AGREEMENT AND PLAN OF REORGANIZATION (the "Agreement") is made
and entered effective as of April 1, 2001, by and among OUTBACK STEAKHOUSE,
INC., a Delaware corporation ("OSI"), CARRABBA'S ITALIAN GRILL, INC., a Florida
corporation ("Carrabba's"), CARROLINA RESTAURANT ASSOCIATES, INC., a North
Carolina corporation ("JVP CORP"), and WILLIAM J. KADOW, an individual residing
in the State of Georgia ("KADOW").

                                  WITNESSETH:

         WHEREAS, Carrabba's is a wholly-owned subsidiary of OSI; and

         WHEREAS, KADOW is the sole owner of the issued and outstanding common
stock of JVP CORP, and KADOW is the sole director, President and is responsible
for the day-to-day operations of JVP CORP; and

         WHEREAS, Carrabba's and JVP CORP have entered into that certain
Florida limited partnership known as Carrabba's/Carolina-I, Limited
Partnership, a Florida limited partnership and Carrabba's/Georgia-I, Limited
Partnership, a Florida limited partnership (collectively, the "Partnership");

         WHEREAS, the Partnership operates Carrabba's Italian Grill(R)
restaurants in the State of Georgia, North Carolina and Virginia; and

         WHEREAS, the Board of Directors of JVP CORP has approved the merger of
JVP CORP into Carrabba's (the "Merger") upon the terms and conditions set forth
in this Agreement; and

         WHEREAS, for federal income tax purposes it is intended that the
Merger shall qualify as a reorganization within the meaning of Section 368(a)
of the Internal Revenue Code of 1986, as amended (the "Code"); and

         WHEREAS, pursuant to the Merger, JVP CORP will be merged with and into
Carrabba's and all of the outstanding shares of capital stock of JVP CORP will
be converted into shares of common stock, par value $.01, of OSI (the "OSI
Common Stock"); and

         WHEREAS, the parties hereto desire by this Agreement to set forth the
terms and conditions upon which they are willing to consummate the Merger.

         NOW, THEREFORE, in consideration of the foregoing and of the mutual
covenants and agreements contained herein, the parties hereto covenant and
agree as follows:

                                   ARTICLE 1
                              PLAN OF ACQUISITION

         1.1      The Merger. Subject to and upon the terms and conditions
contained herein, JVP CORP shall be merged with and into Carrabba's, with
Carrabba's being the surviving corporation, in accordance with

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the Articles of Merger substantially in the form attached to this Agreement as
EXHIBIT A (the "Articles of Merger"), which will be executed and delivered by
OSI, Carrabba's, and JVP CORP prior to the Merger. As a result of the Merger,
each voting and nonvoting common share of JVP CORP outstanding immediately
before the Effective Date (as herein defined) shall, by virtue of the Merger and
without any further action being required by the holders thereof, be converted
into and exchanged for 539.64 shares of OSI Common Stock.

         1.2      Adjustments.

                  (a)      Except as otherwise provided in this SECTION 1.2,
         the total number of shares of OSI Common Stock to be issued pursuant
         to the Merger shall be Fifty-three Thousand Nine Hundred Sixty-four
         (53,964).

                  (b)      If, between the date of this Agreement and the
         Closing Date or the Effective Date, as the case may be, (i) the
         outstanding shares of capital stock of JVP CORP shall have been
         changed into a different number of shares or a different class by
         reason of any reclassification, recapitalization, split-up,
         combination, exchange of shares, or readjustment, with a record date
         within such period, or a stock dividend thereon shall be declared with
         a record date within such period or (ii) JVP CORP shall have issued
         additional shares of its capital stock, the number of shares of OSI
         Common Stock received in exchange for each share of JVP CORP's capital
         stock shall be adjusted so that the aggregate number of shares of OSI
         Common Stock received in exchange for all shares of JVP CORP's capital
         stock (assuming no Dissenting Shares) remains at Fifty-three Thousand
         Nine Hundred Sixty-four (53,964).

                  (c)      If, between the date of this Agreement and the
         Closing Date or the Effective Date, as the case may be, the
         outstanding shares of OSI Common Stock shall have been changed into a
         different number of shares or a different class by reason of any
         reclassification, recapitalization, split-up, combination, exchange of
         shares, or readjustment, with a record date within such period, or a
         stock dividend thereon shall be declared with a record date within
         such period, the number of shares of OSI Common Stock received in
         exchange for each share of capital stock of JVP CORP (as specified in
         SECTION 1.1 hereof) shall be adjusted to accurately reflect such
         change.

         1.3      Closing. The closing of the transactions contemplated by this
Agreement, including the Merger (the "Closing"), shall take place at 10:00
a.m., Tampa time, at the offices of Carrabba's on April 1, 2001, or on such
date and at such other time and place as is agreed upon by the parties hereto.
The day on which the Closing occurs is herein referred to as the "Closing
Date". If any of the conditions to the obligations of the parties to this
Agreement have not been satisfied or waived by the Closing Date, then the party
to this Agreement that is unable to meet such condition or conditions shall be
entitled to postpone the Closing by written notice to the other parties until
such condition shall have been satisfied (which such party shall seek to cause
to happen at the earliest practicable date) or waived, but the Closing shall
occur not later than October 1, 2001, unless further extended by written
agreement of the parties to this Agreement. The parties shall use their best
efforts to effectuate a timely closing as provided in this SECTION 1.3.

         1.4      Execution and Delivery of Closing Documents. Before the
Closing, each party shall cause to be prepared and at the Closing the parties
shall execute and deliver each agreement and instrument required by this
Agreement or the Articles of Merger to be so executed and delivered and not
theretofore accomplished. At the Closing, each party also shall execute and
deliver such other appropriate and customary documents as the other parties
reasonably may request for the purpose of consummating the transactions
contemplated by this Agreement

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and the Articles of Merger. All actions taken at the Closing shall be deemed to
have been taken simultaneously at the time the last of any such actions is
taken or completed.

         1.5      Execution and Filing of Merger Documents. At the time of
completion of the Closing, OSI, Carrabba's, JVP CORP and KADOW agree to take
the following actions:

                  (a)      to execute and deliver all documents and
         certificates relating to the Merger required to be executed by them
         that have not already been so executed and that are required under
         applicable federal, state and local laws to be filed in order validly
         to effectuate the Merger; and

                  (b)      to cause Articles of Merger to be filed with the
         Secretary of State of the State of Florida and the Secretary of State
         of the State of North Carolina and a Certificate of Merger to be
         issued by each such officer.

         1.6      Effectiveness of Merger. The Merger shall become effective
under the laws of Florida upon filing of the Articles of Merger with the
Secretary of State of the State of Florida and the Secretary of State of the
State of North Carolina (the "Effective Date"). Such Effective Date shall be
indicated on Certificates of Merger issued by the Secretary of State of the
State of Florida and by the Secretary of State of the State of North Carolina
pursuant to the provisions of Sections 607.1101-607.1107 of the Florida
Business Corporation Act (the "Florida Act") and the laws of the State of North
Carolina ("North Carolina Law").

         1.7      Further Assurances. After the Closing, the parties hereto
shall execute and deliver such additional documents and take such additional
actions as may reasonably be deemed necessary or advisable by any party in
order to consummate the transactions contemplated by this Agreement and by the
Articles of Merger, and to vest more fully in Carrabba's the ownership of and
the rights to the business and assets of JVP CORP as existed immediately before
the Effective Date.

         1.8      Certificates. As soon as practicable after the Effective
Date, OSI shall make available and each holder of capital stock of JVP CORP
shall be entitled to receive upon surrender of stock certificates of JVP CORP
representing JVP CORP capital stock for cancellation, certificates representing
the number of shares of OSI Common Stock into which such shares are converted
in the Merger as provided in SECTION 1.1 hereof. The OSI Common Stock into
which such JVP CORP capital stock is converted shall be deemed issued at the
Effective Date.

         1.9      Closing of Transfer Books. At the Closing Date, the stock
transfer books of JVP CORP shall be closed and no transfer of capital stock of
JVP CORP, shall thereafter be made.

         1.10     Fractional Shares. No fractional shares of OSI Common Stock
and no certificates or scrip therefor shall be issued. Instead, one whole share
of OSI Common Stock shall be issued for each fractional share of .5 or more of
one whole share and each fractional share of less than .5 of one whole share
shall be disregarded.

         1.11     Accounting Treatment. It is the intention of the parties
hereto that the Merger will be treated for financial reporting purposes as a
purchase transaction.

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                                   ARTICLE 2
              REPRESENTATIONS AND WARRANTIES OF JVP CORP AND KADOW

         Each of JVP CORP and KADOW, jointly and severally, represent and
warrant to OSI and Carrabba's as follows:

         2.1      Organization and Good Standing. JVP CORP is a corporation
duly organized, validly existing and in good standing under the laws of the
State of North Carolina.

         2.2      Power and Authority. JVP CORP has the requisite power and
authority and all material licenses and permits required by governmental
authorities to own, lease and operate its properties and assets and to carry on
its businesses as currently being conducted.

         2.3      Foreign Corporation. JVP CORP is duly qualified or licensed
to do business and in good standing as a foreign corporation in every
jurisdiction where the failure to so qualify could have a material adverse
effect on its respective business, operations, assets or financial condition.

         2.4      Authority and Validity.

                  (a)      JVP CORP has the corporate power and authority to
         execute, deliver and perform its obligations under this Agreement, the
         Articles of Merger and the other documents executed or to be executed
         by JVP CORP in connection with this Agreement; and the execution,
         delivery and performance by JVP CORP of this Agreement, the Articles
         of Merger and the other documents executed or to be executed by JVP
         CORP in connection with this Agreement have been duly authorized by
         all necessary corporate action. The execution, delivery and
         performance by JVP CORP of this Agreement, the Articles of Merger and
         any other documents executed or to be executed in connection with this
         Agreement and the consummation of the transactions provided for herein
         have been duly authorized and approved by the board of directors and
         shareholders of JVP CORP as required under the laws of the State of
         North Carolina and JVP CORP's corporate governance documents.

                  (b)      KADOW has the power and authority to execute,
         deliver and perform his obligations under this Agreement and the other
         documents executed or to be executed by KADOW in connection with this
         Agreement.

         2.5      Binding Effect. This Agreement, the Articles of Merger and
the other documents executed or to be executed by JVP CORP and KADOW in
connection with this Agreement have been or will have been duly executed and
delivered by JVP CORP and KADOW, and are or will be, when executed and
delivered, the legal, valid and binding obligations of each of JVP CORP and
KADOW enforceable in accordance with their terms except that:

                  (a)      enforceability may be limited by bankruptcy,
         insolvency or other similar laws affecting creditors' rights; and

                  (b)      the availability of equitable remedies may be
         limited by equitable principles of general applicability.

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         2.6      Compliance with Other Instruments. Neither the execution and
delivery by JVP CORP nor KADOW of this Agreement and the Articles of Merger,
nor the consummation by them of the transactions contemplated hereby and
thereby, will violate, breach, be in conflict with, or constitute a default
under, or permit the termination or the acceleration of maturity of, or result
in the imposition of any lien, claim or encumbrance upon any material property
or asset of JVP CORP or KADOW pursuant to, its certificate of incorporation,
bylaws, partnership agreement, operating agreement or other charter or
governance document, or any note, bond, indenture, mortgage, deed of trust,
evidence of indebtedness, loan or lease agreement, other agreement or
instrument (including with customers), judgment, order, injunction or decree by
which JVP CORP or KADOW is bound, to which either of them is a party, or to
which any assets of either of them are subject; provided, however, this SECTION
2.5 shall not apply with respect to any of the foregoing if JVP CORP is bound
thereby, a party thereto, or its assets subject, solely by reason of its status
as a partner in the Partnership.

         2.7      Capitalization of JVP CORP.

                  (a)      The authorized capital stock of JVP CORP consists of
         One Hundred Thousand authorized (100,000) common shares. There are One
         Hundred (100) common shares issued and outstanding, all of which are
         owned by KADOW. There are no other shareholders of JVP CORP and no
         other persons with rights or options to acquire capital stock of JVP
         CORP All of the issued and outstanding shares of capital stock of JVP
         CORP have been duly authorized and validly issued and are fully paid
         and nonassessable. There are no shares of capital stock of JVP CORP
         held in its treasury.

                  (b)      There are no voting trusts, shareholder agreements
         or other voting arrangements to which the shareholder of JVP CORP is a
         party.

                  (c)      There is no outstanding subscription, contract,
         convertible or exchangeable security, option, warrant, call or other
         right obligating JVP CORP to issue, sell, exchange or otherwise
         dispose of, or to purchase, redeem or otherwise acquire, shares of, or
         securities convertible into or exchangeable for, capital stock of JVP
         CORP.

         2.8      Absence of Certain Changes. From December 31, 2000 to the
Closing Date, (except solely as a result of JVP CORP's status as a partner in
the Partnership) JVP CORP has not:

                  (a)      suffered any material adverse change in its
         business, results of operations, working capital, assets, liabilities,
         or condition (financial or otherwise) or the manner of conducting its
         business;

                  (b)      suffered any material damage or destruction to or
         loss of its assets not covered by insurance, or any loss of suppliers
         or employees;

                  (c)      acquired or disposed of any asset, or incurred,
         assumed, guaranteed, endorsed, paid or discharged any indebtedness,
         liability or obligation, or subjected or permitted to be subjected any
         material amount of assets to any lien, claim or encumbrance of any
         kind, except in the ordinary course of business or pursuant to
         agreements in force at the date of this Agreement and identified in
         Item 2.8(c) of the Disclosure Schedules;

                  (d)      forgiven, compromised, canceled, released, waived or
         permitted to lapse any material rights or claims;

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                  (e)      entered into or terminated any lease, agreement,
         commitment or transaction, or agreed to or made any changes in any
         leases or agreements, other than transactions and commitments entered
         into in the ordinary course of business;

                  (f)      written up, written down or written off the book
         value of any assets;

                  (g)      declared, paid or set aside for payment any dividend
         or distribution with respect to its capital stock;

                  (h)      redeemed, purchased or otherwise acquired, or sold,
         granted or otherwise disposed of, directly or indirectly, any of its
         capital stock or securities or any rights to acquire such capital
         stock or securities, or agreed to changes in the terms and conditions
         of any such rights outstanding as of the date of this Agreement;

                  (i)      except in the ordinary course of business, increased
         the compensation of any employee or paid any bonuses to any employee
         or contributed to any employee benefit plan;

                  (j)      entered into any employment, consulting,
         compensation or collective bargaining agreement with any person or
         group, except oral employment agreements which can be terminated at
         will; or

                  (k)      entered into, adopted or amended any employee
         benefit plan or severance agreements.

         2.9      Tax Liabilities. JVP CORP has filed all federal, state,
county, local and foreign tax returns and reports required to be filed by them
by the date hereof, including those with respect to income, payroll, property,
withholding, social security, unemployment, franchise, excise and sales taxes;
JVP CORP has either paid in full all taxes that have become due as reflected on
any return or report and any interest and penalties with respect thereto or
have fully accrued on their books or have established adequate reserves for all
taxes payable but not yet due; and have made cash deposits with appropriate
governmental authorities representing estimated payments of taxes, including
income taxes and employee withholding tax obligations. No extension or waiver
of any statute of limitations or time within which to file any return has been
granted to JVP CORP with respect to any tax. No unsatisfied deficiency,
delinquency or default for any tax, assessment or governmental charge has been
claimed, proposed or assessed against JVP CORP nor has JVP CORP received notice
of any such deficiency, delinquency or default. JVP CORP has no reason to
believe that JVP CORP has or may have any tax liabilities other than those
reflected on the unaudited balance sheet of JVP CORP as of December 31, 2000,
with any notes thereto, and the related unaudited statements of income for the
twelve months ended December 31, 2000, together with supplemental information
on JVP CORP, each prepared and attested to by the chief financial officer of
JVP CORP (the "Balance Sheets") and those arising in the ordinary course of
business since the date thereof. With regard to the foregoing, JVP CORP has
relied on the accuracy and completeness of the Schedule K-1 provided by the
Partnership.

         KADOW shall have sole responsibility for filing all required tax
returns for JVP CORP. OSI shall assist KADOW in preparing income tax returns
and shall cooperate with KADOW to the extent necessary therefor, and KADOW
shall provide OSI with copies of all such returns at least fifteen (15) days
prior to filing.

         2.10     No Undisclosed Liabilities. There are no liabilities or
obligations of JVP CORP (other than material liabilities arising solely by
reason of JVP CORP's status as a partner in the Partnership) of any nature,

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whether absolute, accrued, contingent or otherwise, other than liabilities or
obligations indicated in Items 2.10(a) and 2.10(b) of the Disclosure Schedules.

         2.11     Title to Properties. JVP CORP has good and marketable title
to the assets reflected in its books and records as being owned by it, (except
as they have since been affected by transactions in the ordinary course of
business and consistent with past practices) the real and personal properties
reflected in the Balance Sheets (except for assets subject to financing leases
required to be capitalized under generally accepted accounting principles, all
of which are so reflected in the Balance Sheet or notes thereto) and all assets
purchased by JVP CORP since the date of the Balance Sheet, in each case free
and clear of any lien, claim or encumbrance, except as reflected in the Balance
Sheet or notes thereto and in Item 2.11 of the Disclosure Schedule and except
for liens for taxes, assessments or other governmental charges not yet due and
payable.

         Except for those assets acquired since the date of the Balance Sheets,
all material properties and assets owned by JVP CORP are properly reflected on
the applicable Balance Sheets and notes thereto.

         2.12     Contracts. Excluding (i) contracts and commitments between
Carrabba's or OSI and JVP CORP or the Partnership, (ii) contracts and
commitments entered into by the Partnership to which Carrabba's or OSI is a
party, (iii) contracts and commitments entered into by JVP CORP in the ordinary
course of the Partnership's business without violation of the provisions of the
Partnership Agreement, and (iv) contracts and commitments entered into with the
written consent of OSI or Carrabba's, Item 2.12 of the Disclosure Schedule is a
complete and accurate list of all of the contracts and commitments (including
summaries of oral contracts) to which JVP CORP is a party or by which JVP CORP
is bound:

         2.13     Litigation and Government Claims. Except as indicated in Item
2.13 of the Disclosure Schedule, there is no pending suit, claim, action or
litigation or administrative, arbitration or other proceeding or governmental
investigation or inquiry against JVP CORP or the Partnership or to which any of
their business or assets is subject. Except as indicated in Item 2.13 of the
Disclosure Schedule, there are no such proceedings threatened or, to the best
knowledge of JVP CORP or KADOW, contemplated or, to the best knowledge of JVP
CORP or KADOW, any basis for any unasserted claims (whether or not the
potential claimant may be aware of the claim) of any nature that might be
asserted against JVP CORP or the Partnership.

         2.14     No Violation of Any Instrument. Except as indicated in Item
2.14 of the Disclosure Schedule, JVP CORP is not in violation of or default
under nor has any event occurred that, with the lapse of time or the giving of
notice or both, would constitute a violation of or default under or permit the
termination or the acceleration of maturity of or result in the imposition of a
lien, claim or encumbrance upon any property or asset of JVP CORP pursuant to,
the articles or certificates of incorporation, bylaws or other chartering or
governance document of JVP CORP or (excluding any of the following entered into
by the Partnership and to which Carrabba's or OSI is a signatory or to which
Carrabba's or OSI consented in writing or which were entered into by JVP CORP
in the ordinary course of business without violation of the provisions of the
Partnership Agreement) any note, bond, indenture, mortgage, deed of trust,
evidence of indebtedness, loan or lease agreement, other material agreement or
instrument (including with customers), judgment, order, injunction or decree to
which JVP CORP is a party, by which JVP CORP is bound or to which any of the
assets of JVP CORP are subject.

         2.15     Necessary Approvals and Consents. Other than (a) in
connection with or in compliance with the laws of the States of Florida and
North Carolina with respect to effectuating the Merger, (b) consents required
to be obtained from applicable liquor control authorities, (c) consents
required to be obtained from lessors, and (d) under the provisions of the
Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as

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amended, or state securities or blue sky laws, no authorization, consent,
permit or license or approval of or declaration, registration or filing with,
any person or governmental or regulatory authority or agency is necessary for
the execution and delivery by each of JVP CORP and KADOW of this Agreement, the
Articles of Merger and the other agreements executed or to be executed by them
in connection with this Agreement, and the consummation by JVP CORP and KADOW
of the transactions contemplated by this Agreement and the Articles of Merger,
and the ownership and operation by Carrabba's of the respective businesses and
properties of JVP CORP after the Effective Date in substantially the same
manner as now operated.

         2.16     Compliance With Laws. KADOW has no actual knowledge that JVP
CORP or the Partnership is not in compliance with any such laws applicable to
their respective business, where failure to so comply would have a material
adverse effect on their business, operations, properties, assets or conditions.

         2.17     Accuracy of Information Furnished. No representation or
warranty by JVP CORP or KADOW in this Agreement nor any information in the
Financial Statements or in the Disclosure Schedule contains any untrue
statement of a material fact or omits to state any material fact that would
make the statements herein or therein, in light of the circumstances under
which they were made, false or misleading. Each of JVP CORP and KADOW have
disclosed to OSI and Carrabba's all facts known to them that are material to
JVP CORP's and the Partnership's respective businesses, operations, financial
condition or prospects.

                                   ARTICLE 3
                    REPRESENTATIONS AND WARRANTIES OF KADOW

         In addition to the representations and warranties contained in ARTICLE
2, KADOW represents and warrants to OSI and Carrabba's as follows:

         3.1      Authority and Validity. He has the capacity and authority to
execute, deliver and perform this Agreement and all other agreements and
documents he is executing or will execute in connection herewith or therewith.

         3.2      Binding Effect. This Agreement and the other documents
executed or to be executed by KADOW in connection with this Agreement have been
or will have been duly executed and delivered by him and are or will be, when
executed and delivered, his legal, valid and binding obligations enforceable in
accordance with their terms except that:

                  (a)      enforceability may be limited by bankruptcy,
         insolvency or other similar laws affecting creditors' rights; and

                  (b)      the availability of equitable remedies may be
         limited by equitable principles of general applicability.

         3.3      Ownership. KADOW is the sole record and beneficial
shareholder of JVP CORP and no other person has any rights (in any form) to
acquire any capital stock of JVP CORP

         3.4      Voting. He acknowledges that in his individual capacity as
shareholder and director of JVP CORP, he has voted in favor of the execution
and delivery of this Agreement and the Articles of Merger.

                                       8
<PAGE>

         3.5      Residency. KADOW is, and has been at all times during the one
year period ending on the date hereof, a resident of the State of Georgia.

         3.6      Compliance with Other Instruments. Neither the execution and
delivery by KADOW of this Agreement and the Articles of Merger, nor the
consummation by him of the transactions contemplated hereby and thereby will
violate, breach, be in conflict with or constitute a default under or permit
the termination or the acceleration of maturity of or result in the imposition
of any lien, claim or encumbrance upon any material property or asset of KADOW
pursuant to any note, bond, indenture, mortgage, deed of trust, evidence of
indebtedness, loan or lease agreement, other agreement or instrument (including
with customers), judgment order, injunction or decree by which KADOW is bound,
to which he is a party or to which he is subject.

                                   ARTICLE 4
              REPRESENTATIONS AND WARRANTIES OF OSI AND CARRABBA'S

         OSI and Carrabba's, jointly and severally, represent and warrant to
JVP CORP and KADOW as follows:

         4.1      Organization and Good Standing. OSI and Carrabba's are
corporations duly organized, validly existing and in good standing under the
laws of the States of Delaware and Florida, respectively.

         4.2      Foreign Qualification. Carrabba's is duly qualified or
licensed to do business and in good standing as a foreign corporation in North
Carolina and in every other jurisdiction where the failure to so qualify could
have a material adverse effect on its respective business, operations, assets
or financial condition.

         4.3      Power and Authority. OSI and Carrabba's each have the
corporate power and authority and all licenses and permits required by
governmental authorities to own, lease and operate their respective properties
and assets and to carry on their respective business as currently being
conducted.

         4.4      Authority and Validity. OSI and Carrabba's each have the
corporate power and authority to execute, deliver and perform their respective
obligations under this Agreement, the Articles of Merger and the other
documents executed or to be executed by OSI and Carrabba's in connection with
this Agreement and the execution, delivery and performance by OSI and
Carrabba's of this Agreement, the Articles of Merger and the other documents
executed or to be executed by OSI and Carrabba's in connection with this
Agreement have been duly authorized by all necessary corporate action.

         4.5      Binding Effect. This Agreement, the Articles of Merger and
the other documents executed or to be executed by OSI and Carrabba's in
connection with this Agreement have been or will have been duly executed and
delivered by OSI and Carrabba's and are or will be, when executed and
delivered, the legal, valid and binding obligations of OSI and Carrabba's,
enforceable in accordance with their terms except that:

                  (a)      enforceability may be limited by bankruptcy,
         insolvency or other similar laws affecting creditors' rights; and

                  (b)      the availability of equitable remedies may be
         limited by equitable principles of general applicability.

                                       9
<PAGE>

         4.6      Compliance with Other Instruments. Neither the execution and
delivery by OSI and/or Carrabba's of this Agreement, the Articles of Merger,
nor the consummation by it of the transactions contemplated hereby and thereby
will violate, breach, be in conflict with or constitute a default under or
permit the termination or the acceleration of maturity of or result in the
imposition of any lien, claim or encumbrance upon any property or asset of OSI
or Carrabba's pursuant to, the certificate of incorporation or bylaws of OSI or
Carrabba's or any note, bond, indenture, mortgage, deed of trust, evidence of
indebtedness, loan or lease agreement, other agreement or instrument, judgment
order, injunction or decree by which OSI or Carrabba's is bound, to which it is
a party or to which its assets are subject.

         4.7      Capitalization of OSI. The authorized capital stock of OSI
consists of Two Hundred Million (200,000,000) shares of Common Stock, $.01 par
value and Two Million (2,000,000) shares of Preferred Stock, $.01 par value, of
which approximately 76,712,574 outstanding shares of Common Stock and no shares
of Preferred Stock were issued and outstanding as of March 1, 2001. All of the
issued and outstanding shares of OSI Common Stock have been duly authorized and
validly issued and are fully paid and nonassessable. The shares of OSI Common
Stock to be issued in exchange for JVP CORP's capital stock at the Effective
Date, when issued and delivered, will be duly authorized, validly issued, fully
paid and nonassessable. As of the date hereof, except for (i) employee and
director stock options to acquire shares of OSI Common Stock and (ii) employee
stock ownership plans, there are no options, warrants or other rights,
agreements or commitments outstanding obligating Carrabba's or OSI to issue
shares of its capital stock. All of the outstanding shares of capital stock of
Carrabba's are owned by OSI, free and clear of any lien or encumbrance.

         4.8      SEC Reports. OSI has delivered to JVP CORP and KADOW true and
complete copies of its (i) Annual Report on Form 10-K for the year ended
December 31, 2000; (ii) Proxy Statement used in connection with its 2001 Annual
Meeting of Shareholders; (iii) 2000 Annual Report to Shareholders; (iv) all
periodic reports, if any, on Form 8-K filed with the Securities and Exchange
Commission since December 31, 2000 to the date hereof; and (v) all Forms 10-Q,
if any, filed with the Securities and Exchange Commission since December 31,
2000 to the date hereof. Such documents and reports did not on their dates or
the date of filing, contain an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the
statements therein, in light of the circumstances under which they were made,
not misleading. OSI has filed all material documents required to be filed by it
with the SEC and all such documents complied as to form with the applicable
requirements of law. Copies of all other reports filed by OSI with the SEC from
the date hereof to and including the Effective Date have been or will be
delivered to JVP CORP and KADOW. All financial statements and schedules
included in the documents referred to in this SECTION 4.8 were prepared in
accordance with generally accepted accounting principles, applied on a
consistent basis except as noted therein and fairly present the information
purported to be shown therein.

         4.9      Litigation and Government Claims. There is no pending suit,
claim, action or litigation or administrative, arbitration or other proceeding
or governmental investigation or inquiry against OSI or Carrabba's which would,
severally or in the aggregate, have a material adverse effect on the business,
results of operations, assets or the condition, financial or otherwise, of OSI
and its subsidiaries, taken as a whole. There are no such proceedings
threatened or, to the knowledge of OSI or Carrabba's, contemplated or any
unasserted claims (whether or not the potential claimant may be aware of the
claim), which might, severally or in the aggregate have a material adverse
effect on the business, results of operations, assets or the condition,
financial or otherwise, of OSI and its subsidiaries, taken as a whole.

                                      10
<PAGE>

         4.10     Necessary Approvals and Consents. Other than (a) in
connection with or in compliance with the laws of the States of Florida and
North Carolina with respect to effectuating the Merger, (b) consents required
to be obtained from applicable liquor control authorities, (c) consents
required to be obtained from lessors, and (d) under the provisions of the
Securities Act of 1933, as amended, the Securities Exchange Act of 1934, or
state securities or blue sky laws, no authorization, consent, permit or license
or approval of or declaration, registration or filing with, any person or
governmental or regulatory authority or agency is necessary for the execution
and delivery by OSI and Carrabba's of this Agreement, the Articles of Merger
and the other agreements executed or to be executed by either of them in
connection with this Agreement and the consummation by OSI and Carrabba's of
the transactions contemplated by this Agreement and the Articles of Merger.

         4.11     Absence of Certain Changes or Events. Except as disclosed in
public filings by OSI with the Securities and Exchange Commission prior to the
date hereof and the Closing Date, since December 31, 2000, there has not been
any material adverse change in the financial condition, results of operations
or the business, properties, assets or liabilities of Carrabba's or OSI.

                                   ARTICLE 5
             JOINT COVENANTS OF JVP CORP, KADOW, OSI AND CARRABBA'S

         JVP CORP and KADOW, jointly and severally, on the one hand, and OSI
and Carrabba's, jointly and severally, on the other hand, covenant with each
other as follows:

         5.1      Notice of any Material Change. Until the Effective Date, each
of JVP CORP, KADOW, OSI and Carrabba's shall, promptly after the first notice
or occurrence thereof but prior to the Effective Date, advise the others in
writing of any event or the existence of any state of facts that:

                  (a)      would make any of its representations and warranties
         in this Agreement untrue in any material respect; or

                  (b)      would otherwise constitute a material adverse change
         in the business, results of operation, working capital, assets,
         liabilities or condition (financial or otherwise) of OSI, Carrabba's
         or JVP CORP and their respective subsidiaries, taken as a whole. No
         supplement or amendment to any Disclosure Schedule shall have any
         effect for the purpose of determining the satisfaction of or
         compliance with the conditions to the obligations of the parties to
         consummate the Merger set forth elsewhere in this Agreement.

         5.2      Cooperation. Until the Effective Date, each of the parties
hereto shall and shall cause each of its affiliates to use its best efforts to:

                  (a)      proceed promptly to make or give the necessary
         applications, notices, requests and filings to obtain at the earliest
         practicable date and, in any event, before the Closing Date, the
         approvals, authorizations and consents necessary to consummate the
         transactions contemplated by this Agreement;

                  (b)      cooperate with and keep the other informed in
         connection with this Agreement; and

                                      11
<PAGE>

                  (c)      take such actions as the other parties may
         reasonably request to consummate the transactions contemplated by this
         Agreement and use its best efforts and diligently attempt to satisfy,
         to the extent within its control, all conditions precedent to the
         obligations to close this Agreement.

         5.3      Post-Closing Adjustment. As soon as practicable after the
Closing Date, but in no event more than forty-five (45) days thereafter, OSI
shall determine and report in writing to all parties hereto:

                  (a)      the amount of current assets of JVP CORP as of the
         Effective Date; and

                  (b)      the amount of all liabilities of JVP CORP (other
         than liabilities specified in Item 6.2 of the JVP CORP Disclosure
         Schedule to the extent assumed by Carrabba's) which were not paid in
         full prior to the Effective Date.

         Upon receipt of such report, KADOW (by notice to OSI as provided
herein) shall have a period of ten (10) days in which to object in writing to
any portion or item of such report. In the event no objection is timely made,
OSI's report shall be final and binding on all parties. If timely objection is
made, the chief financial officer of OSI and KADOW (and at the expense of
KADOW) shall meet and attempt to agree on the items to which objection was
made. If such persons cannot agree within thirty (30) days from the date of
written objection, the items on which agreement has not been reached shall be
submitted to the Tampa, Florida office of PricewaterhouseCoopers (or other
agreed upon independent "Big Five" accounting firm) for a resolution of such
items and whose decision shall be final and binding on all parties. The fees
and expenses of PricewaterhouseCoopers (or other accounting firm) shall be paid
by the non-prevailing party.

         If, as finally determined, the sum of Subsection (a) above exceeds the
sum of Subsection (b), OSI shall pay such excess to KADOW within ten (10) days
of such final determination. If, as finally determined, the sum of Subsection
(b) exceeds the sum of Subsection (a), KADOW shall pay such excess to OSI
within ten (10) days of the final determination.

         5.4      Distribution and Allocations. The parties acknowledge and
agree that notwithstanding the effective date of the Merger, Carrabba's shall
be entitled to JVP CORP's entire share of Partnership distributions of cash
flow, and shall be allocated JVP CORP's shares of profit and loss, from and
after April 1, 2001.

         5.5      Additional Agreements.

                  (a)      Subject to the terms and conditions herein provided,
         each of the parties hereto agrees to use all reasonable efforts to
         take or cause to be taken, all actions and to do or cause to be done,
         all things necessary, proper or advisable under applicable laws and
         regulations to consummate and make effective the transactions
         contemplated by this Agreement, including using all reasonable efforts
         to obtain all necessary waivers, consents and approvals, to effect all
         necessary registrations and filings and to lift any injunction or
         other legal bar to the Merger (and, in such case, to proceed with the
         Merger as expeditiously as possible), subject, however, to the
         appropriate vote of the shareholders of JVP CORP.

                  (b)      In case at any time after the Effective Date any
         further action is necessary or desirable to carry out the purposes of
         this Agreement, the proper officers and/or directors of OSI and
         Carrabba's and KADOW shall take all such necessary action.

                                      12
<PAGE>

                  (c)      Neither Carrabba's, OSI, JVP CORP nor KADOW shall
         take any action which would jeopardize the characterization of the
         Merger as a reorganization within the meaning of Section 368(a) of the
         Code.

                                   ARTICLE 6
                        COVENANTS OF JVP CORP AND KADOW

         JVP CORP and KADOW covenant and agree with OSI as follows:

         6.1      Securities Law Compliance. KADOW represents, warrants and
covenants to Carrabba's and OSI that:

                  (a)      KADOW has received all schedules and exhibits and
         the documents furnished to JVP CORP pursuant to SECTION 4.8;

                  (b)      KADOW has had the opportunity to ask questions of
         and receive answers from representatives of the management of OSI
         concerning the terms and conditions of the transactions contemplated
         hereby and to obtain all additional information that OSI possesses or
         could acquire without unreasonable expense that is necessary to verify
         the accuracy of information furnished to KADOW.

                  (c)      OSI and Carrabba's have furnished him with all
         information requested and full access to materials concerning OSI and
         Carrabba's which KADOW and/or his advisors deemed necessary to
         properly evaluate the Merger. Such information and access have been
         made available and utilized to the extent KADOW considers necessary
         and advisable in making an informed investment decision, and KADOW has
         consulted his own tax advisor and understands the evaluation of such
         materials may require the assistance of experts and KADOW has utilized
         such experts to the extent deemed necessary.

                  (d)      KADOW understands that the OSI Common Stock to be
         received is an investment of a speculative nature and KADOW must bear
         the risks thereof for an indefinite period of time. KADOW has adequate
         means for providing for his needs, is able to bear the economic risk
         of the investment and has no need for liquidity in the OSI Common
         Stock to be received in the Merger.

                  (e)      KADOW and/or his representatives or advisors who
         have acted with or on behalf of KADOW and who have advised KADOW in
         this matter have such knowledge and experience in financial and
         business matters that KADOW is capable of evaluating the merits and
         risks of the Merger for OSI Common Stock.

                  (f)      KADOW is participating in the Merger solely for his
         account as a private investment, and KADOW has no present agreement,
         understanding, arrangement or intention to sell or transfer all or any
         portion of the shares of OSI Common Stock to be issued in the Merger
         to any other person or persons. KADOW does not presently intend to
         enter into any such agreement or undertaking and there are no present
         circumstances which will compel KADOW to sell any OSI Common Stock so
         received. KADOW will not sell or otherwise transfer the shares (except
         for de minimis gifts of shares) unless they are registered under the
         Securities Act and applicable state securities laws or, in the opinion
         of OSI and its counsel, an exemption from registration is available
         therefor.

                                      13
<PAGE>

                  (g)      The investment by KADOW in OSI Common Stock pursuant
         to the Merger is a suitable investment for KADOW given the investment
         goals and objectives of KADOW.

                  (h)      KADOW agrees to indemnify and hold OSI and
         Carrabba's and each of their respective officers, directors and
         advisors harmless against all liability arising out of or in
         connection with any purchase, resale or distribution by KADOW of any
         OSI Common Stock received hereby which is effected other than in
         strict compliance with the terms hereof and applicable law.

                  (i)      KADOW understands that the shares of OSI Common
         Stock to be issued in the Merger will not be registered under the
         Securities Act, nor any state securities laws, and such OSI Common
         Stock may not be sold or transferred except in compliance with such
         laws. Neither OSI nor Carrabba's will have any obligation to register
         any such OSI Common Stock.

                  (j)      KADOW understands that OSI will place an appropriate
         legend on the certificate representing OSI Common Stock to be received
         restricting the transfer of the shares and stop-transfer instructions
         will be given to the transfer agent for the OSI Common Stock with
         respect to such certificates.

                  (k)      KADOW is a natural person (i) whose net worth (the
         excess of total assets over total liabilities), individually or
         jointly with his spouse, exceeds $1,000,000 (inclusive of the value of
         home, home furnishings and automobiles); or (ii) who had an Individual
         Annual Adjusted Gross Income in excess of $200,000 in each of the two
         most recent tax years or joint income with KADOW's spouse in excess of
         $300,000 in each of those years and reasonably expects to reach the
         same income level in the current tax year.

         6.2      Payment of Liabilities. JVP CORP and KADOW covenant and agree
that all debts and liabilities of JVP CORP relating to periods prior to the
Closing Date shall be paid or satisfied in full prior to the Effective Date,
except only current liabilities and those debts and liabilities of JVP CORP
assumed by Carrabba's as specified in Item 6.2 of the Disclosure Schedules.

         6.3      Resale Restriction. KADOW agrees that until such time as
financial results of OSI covering at least thirty (30) days of combined
operations of OSI and JVP CORP subsequent to the Effective Date have been
published, he will not sell or otherwise dispose of any shares of OSI Common
Stock held by him as of the Effective Date or any of such shares thereafter
acquired by him at any time or from time to time prior to the date of such
publication. OSI shall give instructions to its transfer agent and registrar,
Bank of New York, Inc., with respect to the shares of OSI Common Stock issued
pursuant to the Merger, to the effect that no transfer of such shares shall be
effected until the date on which the requisite financial results have been
published and OSI and the transfer agent may take any action, including placing
an appropriate legend on the certificates, they deem necessary to enforce this
provision.

                                   ARTICLE 7
                        COVENANTS OF OSI AND CARRABBA'S

         OSI and Carrabba's, jointly and severally, covenant and agree with JVP
CORP and KADOW as follows:

         7.1      Employment Agreements. Solely with respect to the Merger, and
any consequential termination of any partnership by operation of law,
Carrabba's agrees not to elect to terminate the Employment Agreements

                                      14
<PAGE>

between the Partnership, as employer, and the general managers of the
Partnership's Carrabba's Italian Grill(R) restaurants, as employees. Carrabba's
or its affiliate shall succeed to all rights and obligations of the Partnership
under such Employment Agreements. Nothing contained herein shall be construed
as in any way limiting Carrabba's Italian Grill(R) or its affiliate's right to
terminate any such Employment Agreement as a result of any circumstance or
event other than the Merger and consequential termination of the Partnership by
operation of law.

         7.2      Assumed Liabilities. OSI and Carrabba's agree to assume and
pay the liabilities specified in Item 6.2 (subject to the amount limits
specified in Item 6.2 of the Disclosure Schedules) and to indemnify and hold
harmless KADOW from any loss or liability therefor.

                                   ARTICLE 8
               JOINT CONDITIONS PRECEDENT TO CLOSING OBLIGATIONS

         Except as may be waived by OSI, the obligations of JVP CORP, KADOW,
OSI and Carrabba's to consummate the transactions contemplated by this
Agreement shall be subject to the satisfaction, on or before the Closing Date,
of each of the following conditions:

         8.1      Consents to Transaction. JVP CORP, Carrabba's and OSI shall
have received all consents or approvals and made all applications, requests,
notices and filings with, any person, governmental authority or governmental
agency required to be obtained or made in connection with the consummation of
the transactions contemplated by this Agreement. There shall have been obtained
from all state and local governments and governmental agencies all approvals
and consents necessary to enable JVP CORP and/or the Partnership, as
applicable, to transfer their liquor licenses and permits to Carrabba's, to
enable Carrabba's to assume such licenses and permits or to enable Carrabba's
to operate restaurants (of the kind and quality customarily operated by
Carrabba's) using such permits or licenses. Copies of all consents and
approvals received by any party pursuant to this SECTION 8.1 shall be furnished
to the other party.

         8.2      Absence of Litigation. No governmental agency or authority
shall have instituted or threatened in writing to institute, any action or
proceeding seeking to delay, restrain, enjoin or prohibit the consummation of
the transactions contemplated by this Agreement and no order, judgment or
decree by any court or governmental agency or authority shall be in effect that
enjoins, restrains or prohibits the same or otherwise would materially
interfere with the operation of the assets and business of JVP CORP or the
Partnership or OSI and its subsidiaries, including the surviving corporation in
the Merger, after the Closing Date.

         8.3      Dissenter's Rights. The number of shares of capital stock of
JVP CORP for which shareholders have exercised appraisal or dissenters' rights
under applicable law shall be a number which, in the sole and absolute
discretion of OSI, does not jeopardize the financial reporting and accounting
treatment of the Merger specified in SECTION 1.11 or is otherwise not contrary
to the best interests of Carrabba's or OSI.

                                   ARTICLE 9
                CONDITIONS PRECEDENT TO OBLIGATIONS OF JVP CORP

         The obligations of JVP CORP and KADOW to consummate the transactions
contemplated by this Agreement shall be subject to the satisfaction on or
before the Closing Date of each of the following conditions:

                                      15
<PAGE>

         9.1      Compliance. OSI and Carrabba's shall have, or shall have
caused to be, satisfied or complied with and performed in all material respects
all terms, covenants and conditions of this Agreement to be complied with or
performed by OSI and Carrabba's on or before the Closing Date.

         9.2      Representations and Warranties. All of the representations
and warranties made by OSI and Carrabba's in this Agreement, and in all
certificates and other documents delivered by OSI and Carrabba's to JVP CORP
and KADOW pursuant hereto or in connection with the transactions contemplated
hereby, shall have been true and correct in all material respects as of the
date hereof and shall be true and correct in all material respects at the
Closing Date with the same force and effect as if such representations and
warranties had been made at and as of the Closing Date, except for changes
permitted or contemplated by this Agreement.

         9.3      Material Adverse Changes. Since the date of OSI's most recent
10-Q, as filed with the Securities and Exchange Commission, through the date
hereof, there shall have occurred no material adverse change in the business,
properties, assets, liabilities, results of operations or condition, financial
or otherwise, of OSI and Carrabba's, taken as a whole.

                                  ARTICLE 10
           CONDITIONS PRECEDENT TO OBLIGATIONS OF OSI AND CARRABBA'S

         Except as may be waived by OSI and Carrabba's, the obligations of OSI
and Carrabba's to consummate the transactions contemplated by this Agreement
shall be subject to the satisfaction, on or before the Closing Date, of each of
the following conditions:

         10.1     Compliance. JVP CORP and KADOW shall have or shall have
caused to be satisfied or complied with and performed in all material respects
all terms, covenants and conditions of this Agreement to be complied with or
performed by any of them on or before the Closing Date.

         10.2     Representations and Warranties. All of the representations
and warranties made by JVP CORP and/or KADOW in this Agreement, the Disclosure
Schedule, and in all certificates and other documents delivered by JVP CORP or
KADOW pursuant hereto or in connection with the transactions contemplated
hereby, shall have been true and correct in all material respects as of the
date hereof and shall be true and correct in all material respects at the
Closing Date with the same force and effect as if such representations and
warranties had been made at and as of the Closing Date, except for changes
permitted or contemplated by this Agreement.

         10.3     Current Financial Status. OSI shall have received the
unaudited financial statements of JVP CORP as of March 31, 2001, for the month
then ended.

         10.4     Material Adverse Changes. Since December 31, 2000, there
shall have occurred no material adverse change in the business, properties,
assets, liabilities, results of operations or condition, financial or
otherwise, of JVP CORP or the Partnership.

                                  ARTICLE 11
                                INDEMNIFICATION

         KADOW, on the one hand, and OSI and Carrabba's, jointly and severally,
on the other hand, agree as follows:

                                      16
<PAGE>

         11.1     Indemnification Based on Agreement. Subject to the
limitations contained in SECTION 11.2 hereof, KADOW shall indemnify and hold
harmless OSI, Carrabba's and JVP CORP, and OSI, Carrabba's and JVP CORP,
jointly and severally, shall indemnify and hold harmless KADOW, against any
losses, claims, damages or liabilities to which such indemnified party may
become subject, insofar as such losses, claims, damages or liabilities (or
actions in respect thereof) arise out of or are based upon any facts or
circumstances that would constitute a breach by the other of any
representation, warranty or covenant contained herein or in any agreement
executed pursuant hereto and will reimburse any legal or other expenses
reasonably incurred by any indemnified party in connection with investigating
or defending any such loss, claim, damage, liability or action.

         In addition to the above, KADOW shall indemnify OSI, Carrabba's and
JVP CORP, as provided in the first paragraph of this SECTION 11.1, against any
loss, claim, damage or liability arising out of (i) any tax liability of JVP
CORP for any period prior to and including the Effective Date and (ii) any debt
of JVP CORP (other than the debts specified in Item 6.2 of the Disclosure
Schedule to the extent assumed by Carrabba's), and (iii) all claims,
obligations, causes of action and liabilities, of whatever kind or character,
of any of JVP CORP which arise out of or are based upon events first occurring
on or before the Effective Date, except only the liabilities assumed by
Carrabba's as specified in Item 6.2 of the Disclosure Schedule.

         11.2     Limitation. KADOW shall have no obligation under SECTION 11.1
to indemnify OSI, Carrabba's or JVP CORP for any liability, loss, claim or
damage arising out of or based upon facts or actions first occurring after the
Effective Date. All obligations of indemnity (other than those relating to tax
obligations of JVP CORP under SECTION 11.1 above which shall continue for the
period specified in SECTION 12.4(B) hereof) shall terminate two (2) years from
the Effective Date; provided, however, the obligations of indemnity shall not
terminate with respect to any matter for which indemnification is claimed
within two (2) years from the Effective Date.

         11.3     Cooperation. If any claim, demand, action, suit, proceeding
or investigation arising out of or pertaining to this Agreement or the
transactions contemplated hereby is begun or asserted, whether begun or
asserted before or after the Closing Date, the parties hereto will cooperate
and use their best efforts to defend against and respond thereto.

         11.4     Notice. An indemnified party shall give notice to the
indemnifying party or parties within ten (10) business days after actual
receipt of service or summons to appear in any action begun in respect of which
indemnity may be sought hereunder. Failure to so notify the indemnifying party
or parties shall cause the indemnified party to be liable for any damage caused
by failure to give timely notice. The indemnifying party or parties may
participate at their own expense and with their counsel in the defense of such
action. If the indemnifying party or parties so elect within a reasonable time
after receipt of such notice, they may assume the defense of such action with
counsel chosen by the indemnifying party or parties and approved by the
indemnified party in such action, unless the indemnified party reasonably
objects to such assumption on the ground that its counsel has advised it that
there may be legal defenses available to it that are different from or in
addition to those available to the indemnifying party or parties, in which case
the indemnified party shall have the right to employ counsel approved by the
indemnifying party or parties. If the indemnifying party or parties assume the
defense of such action, the indemnifying party or parties shall not be liable
for fees and expenses of counsel for the indemnified party incurred thereafter
in connection with such action. In no event shall the indemnifying party or
parties be liable for the fees and expenses of more than one counsel for the
indemnified parties in connection with any one action or separate but similar
or related actions in the same jurisdiction arising out of the same general
allegations or circumstances unless, in the reasonable opinion of such counsel,
there is, under applicable standards

                                      17
<PAGE>

of professional conduct, a conflict on any significant issue between the
positions of any two or more indemnified parties.

                                  ARTICLE 12
                                 MISCELLANEOUS

         12.1     Termination. This Agreement and the transactions contemplated
hereby may be terminated at any time on or before the Closing Date
(notwithstanding approval by the shareholders of JVP CORP):

                  (a)      by mutual consent of JVP CORP and OSI;

                  (b)      by OSI if there has been a material
         misrepresentation or breach of warranty in the representations and
         warranties of JVP CORP or KADOW set forth herein or if there has been
         any material failure on the part of JVP CORP or KADOW to comply with
         their obligations hereunder;

                  (c)      by JVP CORP if there has been a material
         misrepresentation or breach of warranty in the representations and
         warranties of OSI or Carrabba's set forth herein or if there has been
         any material failure on the part of OSI or Carrabba's to comply with
         their obligations hereunder;

                  (d)      by either OSI, JVP CORP or KADOW, if the
         transactions contemplated by this Agreement have not been consummated
         by October 1, 2001, unless such failure of consummation is due to the
         failure of the terminating party to perform or observe the covenants,
         agreements and conditions hereof to be performed or observed by it at
         or before the Closing Date;

                  (e)      by either OSI or JVP CORP if the conditions
         precedent to its obligations to close this Agreement have not been
         satisfied or waived by it at or before the Closing Date; or

                  (f)      by either JVP CORP or OSI if the transactions
         contemplated hereby violate any nonappealable final order, decree or
         judgment of any court or governmental body or agency having competent
         jurisdiction.

         12.2     Expenses. Each party hereto shall pay its own expenses
incurred in connection with this Agreement and the transactions contemplated
hereby.

         12.3     Entire Agreement. This Agreement and the exhibits and
Disclosure Schedule hereto constitute and contain the complete agreement among
the parties with respect to the transactions contemplated hereby and supersede
all prior agreements and understandings among the parties with respect to such
transactions. The parties hereto have not made any representation or warranty
except as expressly set forth in this Agreement, the Articles of Merger or in
any certificate or schedule delivered pursuant hereto. The obligations of any
party under any agreement executed pursuant to this Agreement shall not be
affected by this SECTION 12.3.

         12.4     Survival of Representations and Warranties.

                  (a)      The representations, warranties and indemnification
         obligations of OSI and Carrabba's contained herein or in any exhibit,
         certificate, document or instrument delivered pursuant to this

                                      18
<PAGE>

         Agreement shall survive for a period of two years from the Effective
         Date; provided, however, that the obligations of OSI and Carrabba's
         under ARTICLE 11 hereof shall survive for the periods provided
         therein.

                  (b)      Except where otherwise specifically provided in this
         Agreement, the representations, warranties and indemnification
         obligations of KADOW contained herein or in any exhibit, schedule,
         certificate, document or instrument delivered pursuant to this
         Agreement shall survive the Closing for a period of three years from
         the Effective Date; provided, however, the representations and
         warranties contained in SECTION 2.9 (TAX LIABILITIES) shall survive
         the Closing for a period ending four years after the filing of JVP
         CORP's federal income tax return for the period including the
         Effective Date.

         12.5     Counterparts. This Agreement may be executed in any number of
identical counterparts, each of which when so executed and delivered shall be
deemed an original and such counterparts together shall constitute only one
original.

         12.6     Notices. All notices, demands, requests or other
communications that may be or are required to be given, served or sent by any
party to any other party pursuant to this Agreement shall be in writing and
shall be mailed by registered or certified mail, return receipt requested,
postage prepaid or transmitted by hand delivery or recognized national
overnight delivery service addressed as follows:

         If to JVP CORP or KADOW:           CARROLINA RESTAURANT ASSOCIATES,
                                            INC.
                                            225 Ketton Downs
                                            Duluth, Georgia 30097
                                            Attention: William J. Kadow,
                                                       President

         If to OSI or Carrabba's:           OUTBACK STEAKHOUSE, INC.
                                            2202 North Westshore Boulevard,
                                            5th Floor
                                            Tampa, Florida 33607
                                            Attention: Robert S. Merritt,
                                                       Chief Financial Officer

         Each party may designate by notice in writing a new address to which
any notice, demand, request or communication may thereafter be so given, served
or sent. Each notice, demand, request or communication that is mailed,
delivered or transmitted in the manner described above shall be deemed
sufficiently given, served, sent and received for all purposes at such time as
it is delivered to the addressee (with the return receipt, the delivery
receipt, the affidavit of messenger or at such time as delivery is refused by
the addressee upon presentation.

         12.7     Successors and Assigns. This Agreement and the rights,
interests and obligations hereunder shall be binding upon and shall inure to
the benefit of the parties hereto and, except as otherwise specifically
provided for herein, their respective successors and assigns.

         12.8     Governing Law. This Agreement shall be construed and enforced
in accordance with the laws of the State of Florida without giving effect to
principles of comity or conflicts of law thereof.

         12.9     Waiver and Other Action. This Agreement may be amended,
modified or supplemented only by a written instrument executed by the parties
against which enforcement of the amendment, modification or supplement is
sought.

                                      19
<PAGE>

         12.10    Severability. If any provision of this Agreement is held to
be illegal, invalid or unenforceable, such provision shall be fully severable
and this Agreement shall be construed and enforced as if such illegal, invalid
or unenforceable provision were never a part hereof; the remaining provisions
hereof shall remain in full force and effect and shall not be affected by the
illegal, invalid or unenforceable provision or by its severance; and in lieu of
such illegal, invalid or unenforceable provision, there shall be added
automatically as part of this Agreement, a provision as similar in its terms to
such illegal, invalid or unenforceable provision as may be possible and be
legal, valid and enforceable.

         12.11    Headings. All headings and captions in this Agreement are
intended solely for the convenience of the parties and none shall be deemed to
affect the meaning or construction of any provision hereof.

         12.12    Construction. All references herein to the masculine, neuter
or singular shall be construed to include the masculine, feminine, neuter or
plural, where applicable.

         12.13    Jurisdiction and Venue. The parties agree that any action
brought by either party against the other in any court, whether federal or
state, shall be brought within the State of Florida in the judicial circuit in
which OSI has its principal place of business. Each party hereby agrees to
submit to the personal jurisdiction of such courts and hereby waives all
questions of personal jurisdiction or venue for the purpose of carrying out
this provision, including, without limitation, the claim or defense therein
that such courts constitute an inconvenient forum.

         12.14    Enforcement. In the event it is necessary for any party to
retain legal counsel or institute legal proceedings to enforce the terms of
this Agreement, including, without limitation, obligations upon expiration or
termination, the prevailing party shall be entitled to receive from the
non-prevailing party, in addition to all other remedies, all costs of such
enforcement including, without limitation, attorney's fees and court costs and
including appellate proceedings.

         12.15    Further Assurances. Each party covenants and agrees to
execute and deliver, prior to or after the Merger, such further documents as
may reasonably be requested by another party to fully effectuate the
transactions provided for herein.

         12.16    Equitable Remedies. The parties hereto acknowledge that a
refusal by a party to consummate the transactions contemplated hereby will
cause irreparable harm to the other parties, for which there may be no adequate
remedy at law. A party not in default at the time of such refusal shall be
entitled, in addition to other remedies at law or in equity, to specific
performance of this Agreement by the party that refused to consummate the
transactions contemplated hereby.

                                      20
<PAGE>

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

                                             "OSI"

Attest:                                      OUTBACK STEAKHOUSE, INC.,
                                             a Delaware corporation

By: /s/ Joseph J. Kadow                      By: /s/ Robert D. Basham
   ------------------------------------         -------------------------------
   JOSEPH J. KADOW, Secretary                   ROBERT D. BASHAM, President

                                             "Carrabba's"

Attest:                                      CARRABBA'S ITALIAN GRILL, INC.,
                                             a Florida corporation

By:  /s/ Joseph J. Kadow                     By: /s/ Robert D. Basham
   ------------------------------------         -------------------------------
   JOSEPH J. KADOW, Secretary                   ROBERT D. BASHAM,
                                                Chief Operating Officer

                                             "JVP CORP"

Attest:                                      CARROLINA RESTAURANT ASSOCIATES,
                                             INC., a North Carolina corporation

By:  /s/ William J. Kadow                    By: /s/ William J. Kadow
   ------------------------------------         -------------------------------
   WILLIAM J. KADOW, Secretary                  WILLIAM J. KADOW, President

Witness:                                     "KADOW"

                                              /s/ William J. Kadow
---------------------------------------      ----------------------------------
                                             WILLIAM J. KADOW

---------------------------------------

                                      21<PAGE>
                                                                   EXHIBIT 4.50

                            ASSET PURCHASE AGREEMENT

                                 BY AND BETWEEN

                                  OS SEA, INC.

                                      AND

                         BONEFISH GRILL HOLDINGS, INC.

                              BONEFISH GRILL, LLC

                                TIMOTHY V. CURCI

                                      AND

                             CHRISTOPHER L. PARKER

                            DATED OCTOBER ___, 2001

<PAGE>

                            ASSET PURCHASE AGREEMENT

TABLE OF CONTENTS

<TABLE>
<S>      <C>                                                                                                      <C>
1.       PURCHASE OF THE SYSTEM...................................................................................1
         1.1   Purchased Assets...................................................................................1
         1.2   Purchase Price.....................................................................................1
         1.3   Liabilities Not To Be Assumed .....................................................................2
         1.4   Allocation of Purchase Price.......................................................................2

2.       TRANSFER OF ASSETS ......................................................................................2
         2.1   Definition of Purchased Assets.....................................................................2

3.       ROYALTY..................................................................................................3
         3.1   Royalty............................................................................................3
         3.2   Termination of Royalty.............................................................................3

4.       REPRESENTATIONS AND WARRANTIES OF THE BG PERSONS.........................................................4
         4.1    General...........................................................................................4
         4.2    Authority.........................................................................................4
         4.3    No Violation......................................................................................4
         4.4    Absence of Liabilities............................................................................5
         4.5    No Litigation.....................................................................................5
         4.6    Ownership of Purchased Assets.....................................................................5
         4.7    Intellectual Property.............................................................................5
         4.8    Assets Necessary to Business......................................................................6
         4.9    No Brokers or Finders.............................................................................6
         4.10   Disclosure........................................................................................6

5.       REPRESENTATIONS AND WARRANTIES OF BG PRINCIPALS..........................................................6
         5.1   Authority and Validity.............................................................................6
         5.2   Binding Effect.....................................................................................6
         5.3   Ownership..........................................................................................6
         5.4   Voting.............................................................................................7
         5.5.  Compliance With Other Instruments..................................................................7

6.       REPRESENTATIONS, WARRANTIES AND COVENANTS OF BUYER.......................................................7
         6.1   Corporate..........................................................................................7
         6.2   Authority..........................................................................................7
         6.3   No Brokers or Finders..............................................................................7
         6.4   Disclosure.........................................................................................7
         6.5   Buyer's Cooperation................................................................................7
         6.6   Other Action.......................................................................................8

7.       COVENANTS OF BG PERSONS..................................................................................8
         7.1   Noncompetition.....................................................................................8
         7.2   Confidentiality....................................................................................8
         7.3   Non-Solicitation...................................................................................8
         7.4   Reasonableness of Restrictions; Reformation; Enforcement...........................................9
         7.5   Specific Performance...............................................................................9
</TABLE>

                                       I
<PAGE>

<TABLE>
<S>      <C>                                                                                                     <C>
8.       FURTHER COVENANTS OF BG PERSONS..........................................................................9
         8.1   Access to Information and Records..................................................................9
         8.2   Conduct of Business Pending the Closing...........................................................10
         8.3   Consents..........................................................................................10
         8.4   Other Action......................................................................................10
         8.5   Disclosure........................................................................................11
         8.6   Name Change.......................................................................................11

9.       CONDITIONS PRECEDENT TO BUYER'S OBLIGATIONS.............................................................11
         9.1   Representations and Warranties True on the
               Closing Date......................................................................................11
         9.2   Compliance With Agreement.........................................................................11
         9.3   Absence of Litigation.............................................................................11
         9.4   Consents and Approvals............................................................................11
         9.5   Delivery of Closing Documents.....................................................................11
         9.6   Additional Agreements.............................................................................11

10.      CONDITIONS PRECEDENT TO BG PERSONS' OBLIGATIONS.........................................................11
         10.1  Representations and Warranties True on the
               Closing Date......................................................................................11
         10.2  Compliance With Agreement.........................................................................12
         10.3  Absence of Litigation.............................................................................12
         10.4  Additional Agreements.............................................................................12

11.      INDEMNIFICATION.........................................................................................12
         11.1  By the BG Persons ................................................................................12
         11.2  By Buyer..........................................................................................12
         11.3  Indemnification of Third-Party Claims.............................................................12
         11.4  Payment...........................................................................................13
         11.5  No Waiver.........................................................................................13

12.      CLOSING.................................................................................................14
         12.1  Closing Date......................................................................................14
         12.2  Place of Closing..................................................................................14
         12.3  Documents to be Delivered by the BG Persons.......................................................14
         12.4  Documents to be Delivered by Buyer................................................................14

13.      TERMINATION.............................................................................................15
         13.1  Right of Termination Without Breach...............................................................15
         13.2  Termination for Breach............................................................................15

14.      MISCELLANEOUS...........................................................................................16
         14.1  Disclosure Schedules..............................................................................16
         14.2  Further Assurance.................................................................................16
         14.3  Disclosures and Announcements.....................................................................16
         14.4  Assignment; Parties in Interest...................................................................16
         14.5  Governing Law ....................................................................................16
         14.6  Consent to Personal Jurisdiction and Venue; Waiver of Jury Trial;
               Attorney's Fees...................................................................................17
         14.7  Amendment and Modification........................................................................17
         14.8  Notice............................................................................................17
         14.9  Expenses..........................................................................................18
         14.10 Entire Agreement..................................................................................18
         14.11 Counterparts......................................................................................19
         14.12 Headings..........................................................................................19
</TABLE>

                                      II
<PAGE>

                            ASSET PURCHASE AGREEMENT

                  THIS ASSET PURCHASE AGREEMENT (this "Agreement") is dated
this ___ day of October, 2001, and entered into by and between OS SEA, INC., a
Florida corporation ("Buyer"), BONEFISH GRILL, LLC, a Florida limited liability
company ("Seller"), BONEFISH GRILL HOLDINGS, INC., a Florida corporation
("BGH"), TIMOTHY V. CURCI, an individual residing in the state of Florida
("Curci"), and CHRISTOPHER L. PARKER, an individual residing in the state of
Florida ("Parker"). Curci and Parker are referred to herein individually and
collectively as the "BG Principals". Seller, BGH and the BG Principals are
hereinafter sometimes collectively referred to as the "BG Persons". All
capitalized terms used but not otherwise defined herein shall have the
respective meanings ascribed to such terms in that certain Limited Liability
Company Agreement of OSS/BG, LLC, a Delaware limited liability company, of even
date herewith.

                                    RECITALS

                  A.       The BG Principals own all of the issued and
outstanding capital stock of BGH, and BGH owns all the issued and outstanding
member interests in Seller.

                  B.       Seller has created and is the owner of the Bonefish
Grill restaurant operating system, including certain trademarks, recipes and
operating systems.

                  C.       Seller is the owner of all of the issued and
outstanding member interests of Bonefish Grill of St. Petersburg, LLC, a
Florida limited liability company ("St. Pete") and Bonefish Grill of Safety
Harbor, LLC, a Florida Limited liability company ("Safety Harbor"), and Seller
is the owner of fifty-one percent (51%) of the issued and outstanding member
interests of Bonefish Grill of Sarasota, LLC, a Florida limited liability
company ("Sarasota"). (St. Pete, Safety Harbor and Sarasota are sometimes
herein individually referred to as a "Subsidiary" and collectively as the
Subsidiaries").

                  D.       Each Subsidiary operates one Bonefish Grill
restaurant (the "Restaurants").

                  E.       Pursuant to the provisions hereof, Buyer desires to
purchase from Seller, and Seller desires to sell to Buyer, all right, title and
interest in and to the Bonefish Grill restaurant operating system.

         NOW THEREFORE, in consideration of the foregoing and the respective
representations, warranties, covenants, agreements and conditions hereinafter
set forth, and intending to be legally bound hereby, the parties hereto agree
as follows.

1.       PURCHASE OF THE SYSTEM.

         1.1      Purchased Assets. Subject to the terms and conditions of this
Agreement, on the Closing Date (as defined in SECTION 12.1), Seller shall sell,
transfer, convey, assign and deliver to Buyer, and Buyer shall purchase and
accept, all of Seller's right, title and interest in and to the System (which
includes the Marks and the Intellectual Property), as hereinafter defined, (the
"Purchased Assets"), free and clear of any liens, claims, or encumbrances
whatsoever. The Purchased Assets shall include those assets defined, listed or
described in SECTION 2 hereof.

         1.2      Purchase Price. The Purchase Price for the Purchased Assets
shall be One Million Five Hundred Thousand Dollars ($1,500,000). On the Closing
Date, the Purchase Price shall be paid in the form of certified or bank
cashier's check payable to the order of Seller, or at Seller's option, by wire
transfer of immediately available funds to an account designated by Seller.

         1.3      Liabilities Not to be Assumed. As used in this Agreement, the
term "Liability" shall mean and include any direct or indirect indebtedness,
guaranty, endorsement, claim, loss, damage, deficiency, cost,

                                       1
<PAGE>

expense, obligation or responsibility, fixed or unfixed, known or unknown,
asserted or unasserted, liquidated or unliquidated, secured or unsecured. Buyer
is not assuming any Liabilities of Seller whatsoever and all such Liabilities
shall be and remain the responsibility of Seller.

         1.4      Allocation of Purchase Price. The aggregate Purchase Price
shall be allocated among the Purchased Assets for tax purposes in accordance
with the provisions of Section 1060 of the Internal Revenue Code of 1986, as
amended, and the regulations thereunder. Seller and Buyer will follow and use
such allocation in all tax returns, filings or other related reports made by
them to any governmental agencies. To the extent that disclosures of this
allocation are required to be made by the parties to the Internal Revenue
Service ("IRS"), Buyer and Seller will disclose such reports to the other prior
to filing with the IRS.

2.       TRANSFER OF ASSETS

         2.1      Definition of Purchased Assets. The Purchased Assets shall
include:

                  2.1(a)   System - The "System" means the techniques, know-how,
designs, decor, recipes and methods owned by Seller and used in connection with
the development, construction, operation and marketing of Bonefish Grill
restaurants, and collateral products and activities, and the distinctive menu,
cuisine, culinary style and services provided in Bonefish Grill restaurants,
including, without limitation, the Intellectual Property and Marks.

                  2.1(b)   Marks - The "Marks" means the trademark and service
mark "Bonefish Grill", and such other trademarks, service marks, trade dress,
logos, symbols and indicia of origin owned by Seller and used in connection with
the operation of Bonefish Grill restaurants, and the promotion, distribution and
sale of collateral products, and all registrations and applications for
registrations thereof.

                  2.1(c)   Intellectual Property - "Intellectual Property" means
all intellectual property owned by Seller and used in connection with the
development, construction, operation, marketing and promotion of Bonefish Grill
restaurants and collateral products and activities, including, without
limitation:

                           (i)      All manuals, recipes, procedures,
                  standards, specifications, databases, customer and supplier
                  lists, training materials, ideas, research and development,
                  know-how, formulas, patterns, compilations, programs,
                  devices, methods, compositions, manufacturing processes and
                  techniques, technical data, designs, drawings,
                  specifications, pricing and cost information and business and
                  marketing plans and materials;

                           (ii)     All Marks together with all translations,
                  adaptations, derivations, and combinations thereof and
                  including all goodwill associated therewith, and all
                  applications, registrations and renewals in connection
                  therewith;

                           (iii)    All inventions (whether patentable or
                  unpatentable and whether or not reduced to practice), all
                  improvements thereto, and all patents, patent applications
                  and patent disclosures, together with all reissuances,
                  continuations, continuations-in-part, revisions, extensions
                  and reexaminations thereof;

                           (iv)     All copyrightable works, all copyrights,
                  and all applications, registrations and renewals in
                  connection therewith;

                           (v)      All computer software including data and
                  related documentation;

                           (vi)     All other proprietary rights of whatever
                  kind or character;

                                       2
<PAGE>

                           (vii)    All copies and tangible embodiments of any
                  of the foregoing, in whatever form or medium.

                  2.1(d)   Collateral Products and Activities. The Purchased
         Assets include the exclusive ownership of and right to exploit the
         System, Marks and Intellectual Property in any and all activities,
         products, lines of commerce and channels of distribution, regardless
         of whether such activities, products, lines of commerce or channels of
         distribution involve the operation of restaurants.

                  2.1(e)   Computer Software. All proprietary computer source
         codes, programs and other software owned by Seller, including all
         machine readable code, printed listings of code, documentation and
         related property and information relating to the System.

                  2.1(f)   Literature. All menus, sales literature and
         promotional literature and similar materials.

                  2.1(g)   Records and Files. All records, files, invoices,
         supplier lists, blueprints, specifications, designs, drawings,
         accounting records, business records, operating data and other data
         relating to the System.

3.       ROYALTY

         3.1      Royalty. The parties acknowledge that an Affiliate of Buyer
has employed each of the BG Principals pursuant to separate Employment
Agreements of even date herewith. During the employment of the BG Principals
with Buyer or any Affiliate of Buyer, Buyer shall pay to Seller a royalty from
each "OSS Restaurant" in an amount equal to one percent (1%) of Adjusted Gross
Sales ("Royalty"). For purposes of this Agreement an "OSS Restaurant" shall
mean any Bonefish Grill restaurant in which none of (i) Seller, BGH, or any BG
Principal; or (ii) any entity in which Seller, BGH or any BG Principal or any
immediate family member of a BG Principal owns an ownership or beneficial
interest, directly or indirectly through one or more subsidiary entities; own,
directly or indirectly through one or more subsidiary entities, any equity
interest, (other than ownership of capital stock of Outback Steakhouse, Inc., a
Delaware corporation and Affiliate of Buyer). For purposes of this Agreement
"Adjusted Gross Sales" shall mean gross sales reduced by (i) discounts and
complimentary food and beverages, (ii) sales and other taxes and surcharges
collected for transmittal to taxing authorities, (iii) revenues received from
the sale of gift certificates until redeemed, and (iv) revenue from catering
activities done for charitable, marketing or community involvement purposes.
The Royalty shall be payable no less frequently than quarterly.

         3.2      Termination of Royalty. Upon termination of either BG
Principal's employment with Buyer (or any Affiliate of Buyer), for whatever
reason other than a wrongful termination by the Employer, the Royalty shall
terminate effective immediately upon the termination of either BG Principal's
employment with Buyer or Buyer's Affiliate, and Buyer shall pay to Seller,
within forty-five (45) days of such termination, a Royalty termination fee in
an amount equal to five (5) times the amount of the Royalty payable to Seller
during the twelve full calendar months immediately preceding the month of
termination of either BG Principal's employment with Buyer. If either BG
Principal's employment with Buyer is terminated within twelve calendar months
of the date of this Agreement, then the amount of the Royalty termination fee
payable pursuant to this SECTION 3.2 shall be annualized in an equitable manner
based on the actual number of days of continued employment by each of the BG
Principals.

4.       REPRESENTATIONS AND WARRANTIES OF THE BG PERSONS

         Each BG Person represents and warrants to Buyer that each of the
following is true and correct in all material respects as of the Closing Date,
except to the extent identified in disclosure schedules attached to or
accompanying this Agreement (the "Disclosure Schedules").

                                       3
<PAGE>

         4.1      General.

                  4.1(a)   Organization. BGH is a corporation duly organized,
         validly existing and in good standing under the laws of the State of
         Florida. Seller is a limited liability company duly organized, validly
         existing and in good standing under the laws of the State of Florida.
         The Articles of Incorporation and By-Laws of BGH attached hereto as
         EXHIBIT 4.1(A) are true and accurate copies thereof and same are in
         full force and effect and have not be modified or amended. The
         Operating Agreement of Seller attached hereto as EXHIBIT 4.1(A) is a
         true and correct copy thereof and same is in full force and effect and
         has not been modified or amended.

                  4.1(b)   Power. Each of BGH and Seller have all requisite
         power and authority to own, operate and lease its properties, to carry
         on its businesses as and where such are now being conducted.

                  4.1(c)   Qualification. Each of BGH and Seller is duly
         licensed or qualified to do business as a foreign entity, and it is in
         good standing, in each jurisdiction wherein the character of the
         properties owned or leased by is, or the nature of its business, makes
         such licensing or qualifications necessary.

                  4.1(d)   Subsidiaries. BGH does not own any interest in any
         corporation, partnership, limited liability company or other entity,
         except for ownership of all of the issued and outstanding member
         interests of Seller. Seller does not own any interest in any
         corporation, partnership, limited liability company or other entity,
         except for ownership of: (i) all of the issued and outstanding member
         interests in St. Pete, (ii) all of the issued and outstanding member
         interests in Safety Harbor, and (iii) fifty-one percent (51%) of the
         member interests in Sarasota.

         4.2      Authority. The execution and delivery of this Agreement and
the other documents and instruments to be executed and delivered by BGH and
Seller pursuant hereto and the consummation of the transactions contemplated
hereby and thereby have been duly authorized by all necessary member or manager
action on the part of BGH and Seller. No other or further act or proceeding on
the part of BGH and Seller is necessary to authorize this Agreement or the
other documents and instruments to be executed and delivered by BGH and Seller
pursuant hereto or the consummation of the transactions contemplated hereby and
thereby. This Agreement constitutes, and when executed and delivered, the other
documents and instruments to be executed and delivered by BGH and Seller
pursuant hereto will constitute, valid binding agreements of BGH and Seller,
enforceable in accordance with their respective terms, except as such may be
limited by bankruptcy, insolvency, reorganization or other laws affecting
creditors' rights generally, and the availability of equitable remedies may be
limited by general equitable principles.

         4.3      No Violation. Neither the execution and delivery of this
Agreement or the other documents and instruments to be executed and delivered
by BGH and Seller pursuant hereto, nor the consummation by BGH and Seller of
the transactions contemplated hereby and thereby (a) will violate any
applicable Law or Order, (b) will require any authorization, consent, approval,
exemption or other action by or notice to any Government Entity, or (c) will
violate or conflict with, or constitute a default or breach (or an event which,
with notice or lapse of time, or both, would constitute a default or breach)
under, or will result in the termination of, or accelerate the performance
required by, or result in the creation of any Lien (as defined in SECTION
4.6(B)) upon any of the Purchased Assets under any term or provision of the
organizational documents of BGH and Seller or of any contract, commitment,
understanding, arrangement, agreement or restriction of any kind or character
to which BGH and Seller is a party or by which BGH and Seller or any of the
Purchased Assets may be bound or affected.

         4.4      Absence of Liabilities. Seller and BGH do not have any
Liabilities that would in any manner impair the Purchased Assets or result in
any Lien on any of the Purchased Assets. The BG Principals have no knowledge of
any basis for the assertion against Seller and BGH of any Liability and to the
knowledge of the

                                       4
<PAGE>

BG Principals, there are no circumstances, conditions, happenings, events or
arrangements, contractual or otherwise, which may give rise to Liabilities that
would a material adverse effect on the Purchased Assets.

         4.5      No Litigation. There is no Litigation pending or, to the
knowledge of the BG Principals, threatened against any BG Person or their
respective businesses or assets, nor do the BG Principals know, or have grounds
to know, of any basis for any such Litigation.

         4.6      Ownership of Purchased Assets.

                  4.6(a)   Exclusive Ownership. Seller is the sole and exclusive
owner of the Purchased Assets. Except for that certain West Florida Development
Option Agreement dated January 1, 2001 (the "Development Agreement") by and
between Seller and John L. Mays, no person or entity other than Seller has or
has been granted any franchise, right or license of any kind, written or oral,
to use any part of the Purchased Assets in any manner. Except for that certain
Restaurant Operating Agreement dated January 1, 2001 (the "Restaurant Operating
Agreement") by and between Seller and Sarasota (which prohibits development of
another Bonefish Grill restaurant within a five (5) mile radius of the
restaurant operated by Sarasota), there is no oral or written agreement,
contract, commitment, understanding or obligation which in any manner restricts
Seller's rights to develop, own and operate Bonefish Grill restaurants in any
manner.

                  4.6(b)   Title to Purchased Assets. Seller has, and will have
on the Closing Date, good and valid title to all the Purchased Assets, free and
clear of all mortgages, liens (statutory or otherwise), security interests,
claims, pledges, licenses, equities, options, conditional sales contracts,
assessments, levies, covenants, charges or encumbrances of any nature
whatsoever, perfected or unperfected (collectively "Liens"). None of the
Purchased Assets are subject to any restrictions with respect to the
transferability thereof. Seller has complete and unrestricted power and right to
sell, assign, convey and deliver the Purchased Assets to Buyer as contemplated
hereby. On the Closing Date, Buyer will receive good and valid title to all the
Purchased Assets, free and clear of all Liens of any nature whatsoever.

                  4.6(c)   Burdensome or Restrictive Agreements. No BG Person
         is a party to or bound by any agreement requiring it to assign any
         interest in any trade secret or proprietary information, or
         prohibiting or restricting it from competing in any business or
         geographical area or soliciting customers or otherwise restricting it
         from carrying on its business anywhere in the world.

                  4.6(d)   No Default. To the knowledge of the BG Principals,
         Seller is not in default under any agreement, contract or commitment,
         nor has any event or omission occurred which through the passage of
         time or the giving of notice, or both, would constitute a default
         thereunder or cause the acceleration of any of its obligations or
         result in the creation of any Lien on any of the Purchased Assets

         4.7      Intellectual Property. In order to operate Bonefish Grill
Restaurants as such are currently being operated by the Subsidiaries, Seller
and the Subsidiaries do not require the rights to any intellectual property
other than the Purchased Assets, except for commonly available intellectual
property licensed by the Subsidiaries in the ordinary course of business.
Except as set forth in DISCLOSURE SCHEDULE ITEM 4.7, to the knowledge of the BG
Principals, Seller and the Subsidiaries are not infringing and have not
infringed any intellectual property of another in the operation of the Bonefish
Grill restaurants nor is any other person infringing the intellectual property
of Seller and the Subsidiaries. Except as disclosed on DISCLOSURE SCHEDULE 4.7,
the BG Persons have not granted any license or made any assignment of its
rights in any intellectual property. The BG Persons do not pay any royalties or
other consideration for the right to use any intellectual property of others,
except for commonly available intellectual property licensed by the
Subsidiaries in the ordinary course of business. There is no Litigation pending
or threatened to challenge Seller's right, title and interest with respect to
its continued use of any intellectual property or any of the Purchased Assets.
All Purchased Assets of Seller which constitute intellectual property are
valid, enforceable and in good standing, and there are no equitable defenses to
enforcement based on any act or omission of Seller.

                                       5
<PAGE>

         4.8      Assets Necessary to Business. The Purchased Assets include
all intellectual property comprising the Bonefish Grill restaurant operating
system, except for commonly available intellectual property licensed by the
Subsidiaries in the ordinary course of business.

         4.9      No Brokers or Finders. No BG Person nor any of their
respective managers, officers, employees, members or agents have retained,
employed or used any broker or finder in connection with the transaction
provided for herein or in connection with the negotiation thereof.

         4.10     Disclosure. No representation or warranty by the BG Persons
in this Agreement, nor any statement, certificate, schedule, document or
exhibit hereto furnished or to be furnished by or on behalf of the BG Persons
pursuant to this Agreement or in connection with the transactions contemplated
hereby, contains or shall contain (when considered in light of the entirety of
all information provided by the BG Persons to Buyer) any misstatement of any
material fact or omits any material fact necessary to make the statements
contained therein not misleading. The BG Persons shall not be deemed to have
made to Buyer any representation or warranty other than those expressly set
forth in SECTION 4.1 through SECTION 4.13 above.

5.       REPRESENTATIONS AND WARRANTIES OF BG PRINCIPALS

         In addition to the representations and warranties contained in SECTION
4, each BG Principal represents and warrants to Buyer as follows:

         5.1      Authority and Validity. He has the capacity and authority to
execute, deliver and perform this Agreement and all other agreements and
documents he is executing or will execute in connection herewith or therewith.

         5.2      Binding Effect. This Agreement and the other documents
executed or to be executed by him in connection with this Agreement have been
or will have been duly executed and delivered by him and are or will be, when
executed and delivered, his legal, valid and binding obligations enforceable in
accordance with their terms except that:

                  5.2(a)   enforceability may be limited by bankruptcy,
         insolvency or other similar laws affecting creditors' rights; and

                  5.2(b)   the availability of equitable remedies may be
         limited by equitable principles of general applicability.

         5.3      Ownership. The BG Principals are the sole record and
beneficial shareholders of BGH and no other person has any rights (in any form)
to acquire any capital stock of BGH.

         5.4      Voting. Each BG Principal acknowledges that in his individual
capacity as shareholder and director of BGH, he has voted in favor of the
execution and delivery of this Agreement.

         5.5      Compliance with Other Instruments. Neither the execution and
delivery by him of this Agreement, nor the consummation by him of the
transactions contemplated hereby and thereby will violate, breach, be in
conflict with or constitute a default under or permit the termination or the
acceleration of maturity of or result in the imposition of any lien, claim or
encumbrance upon any material property or asset of any BG Principal pursuant to
any note, bond, indenture, mortgage, deed of trust, evidence of indebtedness,
loan or lease agreement, other agreement or instrument (including with
customers), judgment order, injunction or decree by which any BG Principal is
bound, to which he is a party or to which he is subject.

                                       6
<PAGE>

6.       REPRESENTATIONS, WARRANTIES AND COVENANTS OF BUYER

         Buyer represents and warrants to the BG Persons that each of the
following is true and correct in all material respects as of the Closing Date.

         6.1.     Corporate.

                  6.1(a)   Organization. Buyer is a corporation duly organized,
         validly existing and in good standing under the laws of the State of
         Florida.

                  6.1(b)   Corporate Power. Buyer has all requisite corporate
         power to enter into this Agreement and the other documents and
         instruments to be executed and delivered by Buyer and to carry out the
         transactions contemplated hereby and thereby.

         6.2      Authority. The execution and delivery of this Agreement and
the other documents and instruments to be executed and delivered by Buyer
pursuant hereto and the consummation of the transactions contemplated hereby
and thereby have been duly authorized by the Board of Directors of Buyer. No
other corporate act or proceeding on the part of Buyer or its shareholders is
necessary to authorize this Agreement or the other documents and instruments to
be executed and delivered by Buyer pursuant hereto or the consummation of the
transactions contemplated hereby and thereby. This Agreement constitutes, and
when executed and delivered, the other documents and instruments to be executed
and delivered by Buyer pursuant hereto will constitute, valid and binding
agreements of Buyer, enforceable in accordance with their respective terms,
except as such may be limited by bankruptcy, insolvency, reorganization or
other laws affecting creditors' rights generally, and by general equitable
principles.

         6.3      No Brokers or Finders. Neither Buyer nor any of its
directors, officers, employees or agents have retained, employed or used any
broker or finder in connection with the transaction provided for herein or in
connection with the negotiation thereof.

         6.4      Disclosure. No representation or warranty by Buyer in this
Agreement, nor any statement, certificate, schedule, document or exhibit hereto
furnished or to be furnished by or on behalf of Buyer pursuant to this
Agreement or in connection with transactions contemplated hereby, contains or
shall contain any untrue statement of material fact or omits or shall omit a
material fact necessary to make the statements contained therein not
misleading.

         6.5.     Buyer's Cooperation. Buyer shall use its best efforts to
cooperate with the BG Persons in obtaining the consents referred to in SECTION
8.3 hereof.

         6.6      Other Action. The Buyer shall use its best efforts to cause
the fulfillment at the earliest practicable date of all the conditions to the
parties' obligations to consummate the transactions contemplated in this
Agreement.

7.       COVENANTS OF BG PERSONS

         7.1      Noncompetition. During all times in which any Royalty is
payable under SECTION 3 of this Agreement, and for a two (2) year period
commencing on termination of the Royalty, Seller, BGH, each BGH Principal and
their respective Affiliates shall not, individually or jointly with others,
directly or indirectly, whether for his, her or its own account or for that of
any other person or entity, engage in or own or hold any ownership interest in,
have any interest in or lend any assistance to, any seafood restaurant or any
person or entity engaged in a business owning, operating, franchising or
controlling a seafood restaurant business, regardless of the geographic
location of such person, entity or business, and neither Seller, BGH, and BGH
Principal or their respective Affiliates shall act as an officer, director,
employee, partner,

                                       7
<PAGE>

independent contractor, consultant, principal, agent, proprietor, or in any
other capacity for, nor lend any assistance (financial or otherwise) or
cooperation to, any such person, or entity; PROVIDED, HOWEVER, that it shall
not be a violation of this SECTION 7.1 for Seller, BGH, each BGH Principal or
their respective Affiliates to own a one percent (1%) or smaller interest in
any corporation required to file periodic reports with the Securities and
Exchange Commission under the Securities Exchange Act of 1934, or successor
statute. For purposes of this SECTION 7, the term "seafood restaurant" shall
mean any restaurant for which: (i) the word "seafood" or any item of seafood or
any word connotating seafood, or any type of body of water, is used in its
name; or (ii) the sale of seafood is regularly featured in its advertising or
marketing efforts, or (iii) the sale of seafood constitutes thirty percent
(30%) or more of its entree sales, computed on a dollar basis. For purposes of
this Agreement, the term "seafood" shall mean and include all marine life
forms, whether or not edible, and any part of any marine life form (for
example, "shells", "fins", "claws").

         7.2      Confidentiality.

                  7.2(a)   Definition. For the purpose of this Agreement,
         "Proprietary Information" shall include that part of the Purchased
         Assets that consists of all information which reasonably would be
         considered proprietary or confidential to the business of operating
         Bonefish Grill restaurants including but not limited to suppliers,
         customers, trade or industrial practices, marketing and technical
         plans, technology, personnel, organization or internal affairs, plans
         for products and ideas, recipes, menus, wine lists and proprietary
         techniques and other trade secrets. Notwithstanding the foregoing,
         "Proprietary Information" shall not include information which has
         entered the public domain.

                  7.2(b)   No Disclosure, Use, or Circumvention. The BG Persons
         and their respective members and Affiliates shall not disclose any
         Proprietary Information to any third parties. Except in connection
         with their employment with Buyer or Buyer's Affiliates, or in their
         capacities as Members or Managers of OSS/BG, LLC, a Delaware limited
         liability company, or its Affiliates, the BG Persons will not use any
         Proprietary Information in the BG Persons' business or any affiliated
         business without the prior written consent of the Buyer and then only
         to the extent specified in that consent. Consent may be granted or
         withheld at the sole discretion of the Buyer.

                  7.2(c)   Maintenance of Confidentiality. The BG Persons shall
         take all steps reasonably necessary or appropriate to maintain the
         confidentiality of the Proprietary Information in accordance with this
         Agreement.

         7.3      Non-Solicitation. During all times in which any Royalty is
payable under SECTION 3 of this Agreement, and for a two-year period commencing
on termination of the Royalty, Seller, BGH, each BGH Principal and their
respective Affiliates shall not offer employment to any employee of the Buyer
or its Affiliates or otherwise solicit or induce any employee of the Buyer or
its Affiliates to terminate his or her employment, nor shall Seller, BGH, any
BGH Principal or any of their respective Affiliates act as partner, consultant,
agent, owner or part owner, for any person or entity which solicits or
otherwise induces any employee of the Buyer or its Affiliates to terminate his
or her employment with the Buyer, except for non-management personnel recruited
through general solicitations in print or other media.

         7.4      Reasonableness of Restrictions; Reformation; Enforcement. The
parties hereto recognize and acknowledge that the geographical and time
limitations contained in SECTIONS 7.1, 7.2 and 7.3 hereof are reasonable and
properly required for the adequate protection of the Buyer's interests. It is
agreed by the parties hereto that if any portion of the restrictions contained
in SECTIONS 7.1, 7.2 or 7.3 are held to be unreasonable, arbitrary, or against
public policy, then the restrictions shall be considered divisible, both as to
the time and to the geographical area, with each month of the specified period
being deemed a separate period of time and each radius mile of the restricted
territory being deemed a separate geographical area, so that the lesser period
of time or geographical area shall remain effective so long as the same is not
unreasonable, arbitrary, or against public policy. The parties hereto agree
that in the event any court of competent jurisdiction

                                       8
<PAGE>

determines the specified period or the specified geographical area of the
restricted territory to be unreasonable, arbitrary, or against public policy, a
lesser time period or geographical area that is determined to be reasonable,
nonarbitrary, and not against public policy may be enforced. If any of the
covenants contained herein are violated and if any court action is instituted
by the Buyer to prevent or enjoin such violation, then the period of time
during which the business activities shall be restricted, as provided in this
Agreement, shall be lengthened by a period of time equal to the period between
the date of the breach of the terms or covenants contained in this Agreement
and the date on which the decree of the court disposing of the issues upon the
merits shall become final and not subject to further appeal.

         7.5      Specific Performance. The parties agree that a breach of any
of the covenants contained in SECTIONS 7.1, 7.2 and 7.3 hereof will cause
irreparable injury to the Buyer for which the remedy at law will be inadequate
and would be difficult to ascertain and therefore, in the event of the breach
or threatened breach of any such covenants, the Buyer shall be entitled, in
addition to any other rights and remedies it may have at law or in equity, to
obtain an injunction to restrain any threatened or actual activities in
violation of any such covenants. The parties hereby consent and agree that
temporary and permanent injunctive relief may be granted in any proceedings
that might be brought to enforce any such covenants without the necessity of
proof of actual damages, and in the event the Buyer does apply for such an
injunction, that the Buyer has an adequate remedy at law shall not be raised as
a defense.

8.   FURTHER COVENANTS OF BG PERSONS

         The BG Persons covenant and agree as follows:

         8.1      Access to Information and Records. Prior to the Closing Date,
the BG Persons shall give Buyer, its counsel, accountants and other
representatives (i) access during normal business hours to all of the
properties, books, records, contracts and documents of the Seller relating to
the Purchased Assets for the purpose of such inspection, investigation and
testing as Buyer deems appropriate (and Seller shall furnish or cause to be
furnished to Buyer and its representatives all information with respect to the
business and affairs of Seller as Buyer may request); (ii) access to employees,
agents and representatives for the purposes of such meetings and communications
as Buyer reasonably desires; and (iii) access to vendors, customers,
manufacturers of its machinery and equipment, and others having business
dealings with Seller. Through the Closing Date, the Buyer and its Affiliates
shall not disclose any Proprietary Information obtained pursuant to this
paragraph to any third parties and until the Closing Date will not use any such
Proprietary Information in the Buyer's business or any affiliated business
without the prior written consent of the Seller and then only to the extent
specified in that consent. Consent may be granted or withheld at the sole
discretion of the Seller. The Buyer shall not contact any suppliers, customers,
employees, affiliates or associates to circumvent the purposes of this
provision. The Buyer shall take all steps reasonably necessary or appropriate
to maintain the strict confidentiality of the Proprietary Information through
the Closing Date.

         8.2      Conduct of Business Pending the Closing. From the date hereof
until the Closing Date, except as otherwise approved in writing by Buyer, which
approval shall not be unreasonably withheld:

                  8.2(a)   No Changes. Seller will cause the Subsidiaries, in
         all material respects, to carry on their business diligently and in
         the same manner as heretofore and will not make or institute any
         material changes in its methods of purchase, sale, management,
         accounting or operation.

                  8.2(b)   Maintain Organization. The Seller will take such
         action as may be necessary to maintain, preserve, renew and keep in
         favor the material rights and franchises of the Subsidiaries and will
         use its commercially reasonable best efforts, to the extent material
         hereto, to preserve the business organization of the Subsidiaries
         intact, to keep available to Buyer the present officers and employees,
         and to preserve for Buyer its present relationships with suppliers and
         customers and others having business relationships with the
         Subsidiaries.

                                       9
<PAGE>

                  8.2(c) No Breach. The BG Persons will not do or omit any act,
         or permit any omission to act, which would reasonably be expected to
         cause a breach of any material contract, commitment or obligation, or
         any breach of any representation, warranty, covenant or agreement made
         by the BG Persons herein.

                  8.2(d) No Material Contracts. No contract or commitment will
         be entered into, by or on behalf of the BG Persons, except contracts,
         commitments, purchases or sales which are in the ordinary course of
         business and consistent with past practice, are not material to the BG
         Persons (individually or in the aggregate) and would not have been
         required to be disclosed in the Disclosure Schedule had they been in
         existence on the date of this Agreement.

                  8.2(e)   No Organizational Changes. Seller shall not
         materially amend its Operating Agreement or make any changes in
         ownership percentages.

                  8.2(f)   Maintenance of Insurance. Seller shall cause the
         Subsidiaries to maintain all of the insurance in effect as of the date
         hereof.

                  8.2(g)   No Negotiations. The BG Persons will not directly or
         indirectly (through a representative or otherwise) solicit or furnish
         any information to any prospective buyer, commence, or conduct
         presently ongoing, negotiations with any other party or enter into any
         agreement with any other party concerning the sale of the Purchased
         Assets, Seller's or any Subsidiary's assets or business or any part
         thereof or any membership interest in Seller or any Subsidiary (an
         "acquisition proposal"), and the BG Persons shall immediately advise
         Buyer of the receipt of any acquisition proposal.

         8.3      Consents. The BG Persons will use commercially reasonable
efforts to obtain all consents necessary for the consummation of the
transactions contemplated hereby prior to the Closing Date.

         8.4      Other Action. The BG Persons shall use commercially
reasonable efforts to cause the fulfillment at the earliest practicable date of
all of the conditions to the parties' obligations to consummate the
transactions contemplated in this Agreement.

         8.5      Disclosure. Through the Closing Date, the BG Persons shall
have a continuing obligation to promptly notify Buyer in writing with respect
to any matter hereafter arising or discovered which, if existing or known at
the date of this Agreement, would have been required to be set forth or
described in the Disclosure Schedule, but no such disclosure shall cure any
breach of any representation or warranty which is inaccurate.

         8.6      Name Change. Within thirty (30) days after the Closing Date,
Seller and BGH shall change their names to names that do not include the word
"Bonefish". From and after the Closing Date, no BG Person shall have the right
to use the word "Bonefish" in their entity name.

         8.7      Termination of AmSouth Loan. The BG Persons covenant that no
amounts are outstanding and no amounts will be borrowed under that certain
Master Note for Business and Commercial Loan dated July 18, 2001 in the maximum
principal amount of One Million Dollars ($1,000,000) (the AmSouth Loan")
between AmSouth Bank, as lender, BGH, as borrower, and St. Pete and Safety
Harbor, as guarantors. The BG Persons further covenant and agree that the
AmSouth Loan will be terminated and cancelled in its entirety within five (5)
business days from the Closing Date.

                                      10
<PAGE>

9.       CONDITIONS PRECEDENT TO BUYER'S OBLIGATIONS

         Each and every obligation of Buyer to be performed on the Closing Date
shall be subject to the satisfaction prior to or on the Closing Date of each of
the following conditions:

         9.1      Representations and Warranties True on the Closing Date. Each
of the representations and warranties made by the BG Persons in this Agreement,
and the statements contained in the Disclosure Schedule or in any instrument,
list, certificate or writing delivered by the BG Persons pursuant to this
Agreement, shall be true and correct in all material respects as of the Closing
Date, except for any changes permitted by the terms of this Agreement or
consented to in writing by Buyer.

         9.2      Compliance With Agreement. The BG Entities shall have
performed and complied with all of their agreements and obligations under this
Agreement which are to be performed or complied with by it prior to or on the
Closing Date.

         9.3      Absence of Litigation. No Litigation shall have been
commenced or threatened, and no material investigation by any Government Entity
shall have been commenced, against Buyer, the BG Persons or any of the
Affiliates, officers, directors or managers of any of them, with respect to the
transactions contemplated hereby.

         9.4      Consents and Approvals. Except as otherwise specifically
provided in this Agreement, all approvals, consents and waivers that are
required to effect the transactions contemplated hereby shall have been
received, and copies thereof shall have been delivered to Buyer on or prior to
the Closing Date.

         9.5      Delivery of Closing Documents. The BG Persons shall have
delivered the closing documents specified in SECTION 12.3.

         9.6      Additional Agreements. That certain Limited Liability Company
Agreement of OSS/BG, LLC, a Delaware limited liability company, by and among
Seller and Buyer ("Company Agreement"), that certain Contribution Agreement
attached to the Company Agreement as Exhibit A, and Employment Agreements by
and among the Buyer, OS Restaurant Services, Inc. and each of the BG Principals
shall have been executed and delivered.

10.      CONDITIONS PRECEDENT TO BG PERSONS' OBLIGATIONS

         Each and every obligation of the BG Persons to be performed on the
Closing Date shall be subject to the satisfaction prior to or on the Closing
Date of the following conditions:

         10.1     Representations and Warranties True on the Closing Date. Each
of the representations and warranties made by Buyer in this Agreement shall be
true and correct in all material respects as of the Closing Date.

         10.2     Compliance With Agreement. Buyer shall have in all material
respects performed and complied with all of Buyer's agreements and obligations
under this Agreement which are to be performed or complied with by Buyer prior
to or on the Closing Date, including the delivery of the closing documents
specified in SECTION 12.4.

         10.3     Absence of Litigation. No material Litigation shall have been
commenced or threatened, and no material investigation by any Government Entity
shall have been commenced, against Buyer, or the BG Persons or any of the
affiliates, officers, managers, directors or shareholders of either of them,
with respect to the transactions contemplated hereby.

                                      11
<PAGE>

         10.4     Additional Agreements. That certain Limited Liability Company
Agreement of OSS/BG, LLC, a Delaware limited liability company, by and among
Seller and Buyer ("Company Agreement"), that certain Contribution Agreement
attached to the Company Agreement as Exhibit A, and Employment Agreements by
and among the Buyer, OS Restaurant Services, Inc. and each of the BG Principals
shall have been executed and delivered.

11.      INDEMNIFICATION

         11.1     By the BG Persons. Subject to the terms and conditions of
this SECTION 11, the BG Persons jointly and severally, hereby agree to
indemnify, defend and hold harmless Buyer, and its directors, officers,
employees and Affiliates (hereinafter "Buyer's Indemnitees"), from and against
all Claims asserted against, resulting to, imposed upon, or incurred by Buyer's
Indemnitees or the Purchased Assets transferred to Buyer pursuant to this
Agreement, directly or indirectly, by reason of, arising out of or resulting
from (a) the inaccuracy or breach of any representation or warranty of any of
the BG Persons contained in or made pursuant to this Agreement; (b) the breach
of any covenant of any of the BG Persons contained in this Agreement; provided,
however, the BG Person's liability under this SECTION 11.1 shall in no event
exceed One Million Five Hundred Thousand Dollars (U.S. $1,500,000), in the
aggregate, and the BG Persons shall have no liability under this SECTION 11.1
with respect to any liability or obligation to the extent arising from any
action taken or omitted to be taken by Buyer (or its officers or directors)
following the Closing. As used in this SECTION 11, the term "Claim" shall
include (i) all Liabilities; (ii) all losses, damages, judgments, awards,
settlements approved by the BG Persons (such approval shall not be unreasonably
withheld or delayed), costs and expenses (including, without limitation,
interest (including prejudgment interest in any litigated matter), penalties,
court costs and reasonable attorneys' fees and expenses); and (iii) all
demands, claims, suits, actions, costs of investigation, causes of action,
proceedings and assessments, whether or not ultimately determined to be valid.

         11.2     By Buyer. Subject to the terms and conditions of this SECTION
11, Buyer hereby agrees to indemnify, defend and hold harmless the BG Persons
and their directors, officers, employees and Affiliates from and against all
Claims asserted against, resulting to, imposed upon or incurred by any such
person, directly or indirectly, by reason of or resulting from (a) the
inaccuracy or breach of any representation or warranty of Buyer contained in or
made pursuant to this Agreement (regardless of whether such breach is deemed
"material"); (b) the breach of any covenant of Buyer contained in this
Agreement (regardless of whether such breach is deemed "material").

         11.3     Indemnification of Third-Party Claims. The obligations and
liabilities of any party to indemnify any other under this SECTION 11 with
respect to Claims relating to third parties shall be subject to the following
terms and conditions:

                  11.3(a)  Notice and Defense. The party or parties to be
         indemnified (whether one or more, the "Indemnified Party") will give
         the party from whom indemnification is sought (the "Indemnifying
         Party") written notice of any such Claim, and the Indemnifying Party
         will undertake the defense thereof by representatives chosen by it.
         Failure to give such notice shall not affect the Indemnifying Party's
         duty or obligations under this SECTION 11, except to the extent the
         Indemnifying Party is prejudiced thereby. So long as the Indemnifying
         Party is defending any such Claim actively and in good faith, the
         Indemnified Party shall not settle such Claim. The Indemnified Party
         shall make available to the Indemnifying Party or its representatives
         all records and other materials required by them and in the possession
         or under the control of the Indemnified Party, for the use of the
         Indemnifying Party and its representatives in defending any such
         Claim, and shall in other respects give reasonable cooperation in such
         defense.

                  11.3(b)  Failure to Defend. If the Indemnifying Party, within
         a reasonable time after notice of any such Claim, fails to defend such
         Claim actively and in good faith, the Indemnified Party will (upon
         further notice) have the right to undertake the defense, compromise or
         settlement of such Claim or

                                      12
<PAGE>

         consent to the entry of a judgment with respect to such Claim, on
         behalf of and for the account and risk of the Indemnifying Party, and
         the Indemnifying Party shall thereafter have no right to challenge the
         Indemnified Party's defense, compromise, settlement or consent to
         judgment.

                  11.3(c)  Indemnified Party's Rights. Anything in this SECTION
         11 to the contrary notwithstanding, (i) if there is a reasonable
         probability that a Claim may materially and adversely affect the
         Indemnified Party other than as a result of money damages or other
         money payments, the Indemnified Party shall have the right to defend,
         compromise or settle such Claim, and (ii) the Indemnifying Party shall
         not, without the written consent of the Indemnified Party, settle or
         compromise any Claim or consent to the entry of any judgment which
         does not include as an unconditional term thereof the giving by the
         claimant or the plaintiff to the Indemnified Party of a release from
         all Liability in respect of such Claim.

         11.4     Payment. The Indemnifying Party shall promptly pay the
Indemnified Party any amount due under this SECTION 11, which payment may be
accomplished in whole or in part, at the option of the Indemnified Party, by
the Indemnified Party setting off any amount owed to the Indemnifying Party by
the Indemnified Party. To the extent set-off is made by an Indemnified Party in
satisfaction or partial satisfaction of an indemnity obligation under this
SECTION 11 that is disputed by the Indemnifying Party, upon a subsequent
determination by final judgment not subject to appeal that all or a portion of
such indemnity obligation was not owed to the Indemnified Party, the
Indemnified Party shall pay the Indemnifying Party the amount which was set off
and not owed together with interest from the date of set-off until the date of
such payment at an annual rate equal to the average annual rate in effect as of
the date of the set-off, on those three maturities of United States Treasury
obligations having a remaining life, as of such date, closest to the period
from the date of the set-off to the date of such judgment. Upon judgment,
determination, settlement or compromise of any third party Claim, the
Indemnifying Party shall pay promptly on behalf of the Indemnified Party,
and/or to the Indemnified Party in reimbursement of any amount theretofore
required to be paid by it, the amount so determined by judgment, determination,
settlement or compromise and all other Claims of the Indemnified Party with
respect thereto, unless in the case of a judgment an appeal is made from the
judgment. If the Indemnifying Party desires to appeal from an adverse judgment,
then the Indemnifying Party shall post and pay the cost of the security or bond
to stay execution of the judgment pending appeal. Upon the payment in full by
the Indemnifying Party of such amounts, the Indemnifying Party shall succeed to
the rights of such Indemnified Party, to the extent not waived in settlement,
against the third party who made such third party Claim.

         11.5     No Waiver. The closing of the transactions contemplated by
this Agreement shall not constitute a waiver by any party of its rights to
indemnification hereunder, regardless of whether the party seeking
indemnification has knowledge of the breach, violation or failure of condition
constituting the basis of the Claim at or before the closing, and regardless of
whether such breach, violation or failure is deemed to be "material".

         11.6     Survival of Indemnification. The indemnification obligations
of the parties contained in this SECTION 11 shall survive the date of this
Agreement and the Closing Date for all Claims brought or demands for
indemnification made prior to the expiration of eighteen months from the
Closing Date.

         11.7     Determination of Losses. In determining an Indemnifying
Party's obligations under this SECTION 11 appropriate adjustment shall be made
for any insurance coverage paid to or on behalf of the Indemnified Party. An
Indemnifying Party shall not be liable to an Indemnified Party for any special,
consequential or similar damages with respect to any Loss subject to
indemnification under this SECTION 11, provided, however, that this sentence
shall not limit the amount payable by an Indemnifying Party to an Indemnified
Party for reimbursement of amounts paid or payable to a third party.

                                      13
<PAGE>

12.      CLOSING

         12.1     Closing Date. The closing of the transactions contemplated by
this Agreement (the "Closing") shall take place ten (10) days after the
satisfaction of all conditions precedent required by this Agreement or upon
such other date as Buyer and Seller may agree (the "Closing Date").

         12.2     Place of Closing. The Closing shall take place at Buyer's
corporate office or at such other place as the parties hereto shall agree upon.

         12.3     Documents to be Delivered by the BG Persons. On the Closing
Date, the BG Persons shall deliver to Buyer the following documents, in each
case duly executed or otherwise in proper form:

                  12.3(a)  Bills of Sale. Bills of sale and such other
         instruments of assignment, transfer, conveyance and endorsement as
         will be sufficient in the opinion of Buyer and its counsel to
         transfer, assign, convey and deliver to Buyer the Purchased Assets as
         contemplated hereby.

                  12.3(b)  Compliance Certificate. A certificate signed by each
         of the BG Persons that each of the representations and warranties made
         by the BG Persons in this Agreement is true and correct in all
         material respects on and as of the Closing Date (except for any
         changes permitted by the terms of this Agreement or consented to in
         writing by Buyer), and that the BG Persons have performed and complied
         with all of the BG Persons' obligations under this Agreement which are
         to be performed or complied with on or prior to the Closing Date.

                  12.3(c)  Certified Resolutions. A certified copy of the
         resolutions of the shareholders, directors, managers and members of
         the BG Persons, as appropriate, authorizing and approving this
         Agreement and the consummation of the transactions contemplated by
         this Agreement.

                  12.3(d)  Incumbency Certificate. Incumbency certificates
         relating to each person executing any document executed and delivered
         to Buyer pursuant to the terms hereof.

                  12.3(e)  Other Documents. All other documents, instruments or
         writings required to be delivered to Buyer on or prior to the Closing
         Date pursuant to this Agreement and such other certificates of
         authority and documents as Buyer may reasonably request.

         12.4     Documents to be Delivered by Buyer. At the Closing, Buyer
shall deliver to the Seller the following documents, in each case duly executed
or otherwise in proper form:

                  12.4(a)  Purchase Price. A certified or bank cashier's check
         (or wire transfer) as required by SECTION 1.

                  12.4(b)  Compliance Certificate. A certificate signed by the
         president of Buyer that the representations and warranties made by
         Buyer in this Agreement are true and correct on and as of the Closing
         Date (except for any changes permitted by the terms of this Agreement
         or consented to in writing by the BG Persons), and that Buyer has
         performed and complied with all of Buyer's obligations under this
         Agreement which are to be performed or complied with on or prior to
         the Closing Date.

                  12.4(c)  Certified Resolutions. A certified copy of the
         resolutions of the Board of Directors of Buyer authorizing and
         approving this Agreement and the consummation of the transactions
         contemplated by this Agreement.

                  12.4(d)  Incumbency Certificate. Incumbency certificates
         relating to each person executing any document executed and delivered
         to the Seller by Buyer pursuant to the terms hereof.

                                      14
<PAGE>

                  12.4(e)  Other Documents. All other documents, instruments or
         writings required to be delivered to the BG Persons on or prior to the
         Closing Date pursuant to this Agreement and such other certificates of
         authority and documents as the BG Persons may reasonably request.

13.      TERMINATION

         13.1     Right of Termination Without Breach.

                  13.1(a)  Mutual Agreement. This Agreement may be terminated
         without further liability of either party at any time prior to the
         closing by mutual written agreement of Buyer and the Seller.

                  13.1(b)  By Either Party. This Agreement may be terminated
         without further liability of any party, by either Buyer or the Seller
         if the Closing Date of the transaction contemplated in SECTION 1.1
         shall not have occurred on or before December 31, 2001, provided the
         terminating party has not, through breach of a representation,
         warranty or covenant, prevented such closing from occurring on or
         before such date.

         13.2     Termination for Breach.

                  13.2(a)  Termination by Buyer. This Agreement may be
         terminated by Buyer if (i) there has been a material violation or
         breach by any of the BG Persons of any of the agreements,
         representations or warranties contained in this Agreement which has
         not been waived in writing by Buyer, or (ii) there has been a failure
         of satisfaction of a condition to the obligations of Buyer which has
         not been so waived.

                  13.2(b)  Termination by the Seller. The Seller may terminate
         this Agreement if (i) there has been a material violation or breach by
         Buyer of any of the agreements, representations or warranties
         contained in this Agreement which has not been waived in writing by
         the Seller, or (ii) there has been a failure of satisfaction of a
         condition to the obligations of the BG Persons which has not been so
         waived.

                  13.2(c)  Effect of Termination. Termination of this Agreement
         pursuant to this SECTION 13.2 shall not in any way terminate, limit or
         restrict the rights and remedies of any party hereto against any other
         party which has violated, breached or failed to satisfy any of the
         representations, warranties, covenants, agreements, conditions or
         other provisions of this Agreement prior to termination hereof.

14.      MISCELLANEOUS

         14.1     Disclosure Schedules. The representations and warranties of
Seller set forth in this Agreement are made and given subject to the
disclosures contained in the Disclosure Schedule. Seller shall not be or be
deemed to be in breach of any such representations and warranties (and no claim
shall lie in respect thereof) in respect of any such matter so disclosed in the
Disclosure Schedule. Where brief particulars only of a matter are set out or
referred to in the Disclosure Schedule, or a reference is made to a particular
part only of a disclosed document, full particulars of the matter and the full
contents of the document are deemed to be disclosed. The specific disclosures
set forth in the Disclosure Schedule have been organized by Seller to
correspond to section references in this Agreement to which the disclosure may
be most likely to relate, but such disclosure shall apply to and shall be
deemed to be disclosed for the purposes of this Agreement generally, and shall
be deemed to be exceptions to or modifications or qualifications of all of the
representations and warranties contained herein to the extent applicable. Buyer
shall be deemed to be aware of and there are deemed to have been disclosed to
Buyer as if herein set forth (a) all matters fairly disclosed or referred to or
contained in this Agreement and in all documents specifically referred to
therein; and (b) the contents of and all matters referred to in the documents
specifically listed in the Disclosure Schedule. In the event that there is any
inconsistency

                                      15
<PAGE>

between this Agreement and matters disclosed in the Disclosure Schedule,
information contained in the Disclosure Schedule shall prevail and shall be
deemed to be the relevant disclosure.

         14.2     Further Assurance. From time to time, upon request and
without further consideration, the parties will execute and deliver such
documents and take such other action as may be reasonably requested in order to
consummate more effectively the transactions contemplated hereby, including,
but not limited to, vesting in Buyer good and valid title to the business and
assets being transferred hereunder.

         14.3     Disclosures and Announcements. Both the timing and the
content of all disclosure to third parties and public announcements concerning
the transactions provided for in this Agreement by the Buyer or Seller shall be
subject to the approval of the other in all essential respects, except that
Seller's approval shall not be required as to any statements and other
information which Buyer may submit to the Securities and Exchange Commission,
NYSE or the stockholders of Buyer or Buyer's Affiliates, or be required to make
pursuant to any rule or regulation of the Securities and Exchange Commission or
NYSE, or otherwise required by law.

         14.4     Assignment; Parties in Interest.

                  14.4(a)  Assignment. Except as expressly provided herein, the
         rights and obligations of a party hereunder may not be assigned,
         transferred or encumbered without the prior written consent of the
         other parties. Notwithstanding the foregoing, Buyer may, without
         consent of any other party, cause one or more subsidiaries or
         Affiliates of Buyer to carry out all or part of the transactions
         contemplated hereby; provided, however, that Buyer shall,
         nevertheless, remain liable for all of its obligations, and those of
         any such subsidiary, to the BG Persons hereunder.

                  14.4(b)  Parties in Interest. This Agreement shall be binding
         upon, inure to the benefit of, and be enforceable by the respective
         successors and permitted assigns of the parties hereto. Nothing
         contained herein shall be deemed to confer upon any other person any
         right or remedy under or by reason of this Agreement.

         14.5     Governing Law. The validity, interpretation, and performance
of this Agreement shall be governed by the laws of the State of Florida without
giving effect to the principles of comity or conflicts of laws thereof.

         14.6     Consent to Personal Jurisdiction and Venue; Waiver of Jury
Trial; Attorney's Fees. Seller, Buyer and the BG Principals hereby consent to
personal jurisdiction and venue, for any action arising out of a breach or
threatened breach of this Agreement or out of the relationship established by
this Agreement, exclusively in the United States District Court for the Middle
District of Florida, Tampa Division, or in the Circuit Court in and for
Hillsborough County, Florida. Seller, Buyer and the BG Principals hereby agree
that any action brought by such person or entity, alone or in combination with
others, whether arising out of this Agreement or otherwise, shall be brought
exclusively in the United States District Court for the Middle District of
Florida, Tampa Division, or in the Circuit Court in and for Hillsborough
County, Florida. Seller, Buyer and the BG Principals hereby agree that any
controversy that may arise of this Agreement would involve complicated and
difficult factual and legal issues and that, as a result, any action shall be
determined by a judge and not a jury. In the event of any legal proceeding
arising, directly or indirectly, from this Agreement, the prevailing party in
such legal proceedings shall be entitled to attorney's fees and costs from the
non-prevailing party.

         14.7     Amendment and Modification. Buyer and the BG Persons may
amend, modify and supplement this Agreement in such manner as may be agreed
upon by them in writing.

         14.8     Notice. All notices, requests, demands and other
communications hereunder shall be given in

                                      16
<PAGE>

writing and shall be: (a) personally delivered; or (b) sent to the parties at
their respective addresses indicated herein by registered or certified U.S.
mail, return receipt requested and postage prepaid, or by private overnight
mail courier service. The respective addresses to be used for all such notices,
demands or requests are as follows:

                  (a)      If to Buyer, to:

                           OS Sea, Inc.
                           2202 North West Shore Boulevard, Suite 500
                           Tampa, Florida  33607
                           Attention:  Robert D. Basham, President

                           (with a copy to)

                           Joseph J. Kadow, Vice President and General Counsel
                           Outback Steakhouse, Inc.
                           2202 North West Shore Boulevard, Suite 500
                           Tampa, Florida  33607

or to such other person or address as Buyer shall furnish to the BG Persons in
writing.

                  (b)      If to any BG Person, to:

                           Bonefish Grill, LLC
                           c/o Timothy V. Curci
                           2946 Hadleigh Court
                           Clearwater, Florida  33621

                           (with a copy to)

                           Fowler, White, Boggs, Banker, P.A.
                           501 East Kennedy Boulevard
                           Suite 1700
                           Tampa, Florida  33602
                           Attention:  R. Alan Higbee, Esquire

or to such other person or address as Seller shall furnish to Buyer in writing.

         If personally delivered, such communication shall be deemed delivered
upon actual receipt; if sent by overnight courier pursuant to this paragraph,
such communication shall be deemed delivered upon receipt; and if sent by U.S.
mail pursuant to this paragraph, such communication shall be deemed delivered
as of the date of delivery indicated on the receipt issued by the relevant
postal service, or, if the addressee fails or refuses to accept delivery, as of
the date of such failure or refusal. Any party to this Agreement may change its
address for the purposes of this Agreement by giving notice thereof in
accordance with this Section. Notices sent by facsimile or other electronic
means shall not constitute notice under this Agreement.

         14.9     Expenses. Regardless of whether or not the transactions
contemplated hereby are consummated:

                  14.9(a)  Expenses to be Shared Equally by the Parties. Buyer
         and Seller shall equally share the cost of the following:

                                      17
<PAGE>

                           (i)      Taxes Arising from Transaction. Any taxes
                  applicable to, imposed upon or arising out of the sale or
                  transfer of the Purchased Assets to Buyer and the other
                  transactions contemplated by this Agreement, including but
                  not limited to any transfer, use, gross receipts or
                  documentary stamp taxes

                           (ii)     Other Expenses. Except as otherwise
                  provided herein, all other costs and expenses of third
                  parties engaged jointly by Buyer and Seller in connection
                  with the consummation of the transactions contemplated
                  hereby, normally shared by the parties in similar
                  transactions.

                  14.9(b)  Other. Except as otherwise provided herein, each of
         the parties shall bear its own expenses and the expenses of its
         counsel, accountants, and other agents in connection with the
         transactions contemplated hereby.

                  14.9(c)  Costs of Litigation. The parties agree that the
         prevailing party in any action brought with respect to or to enforce
         any right or remedy under this Agreement shall be entitled to recover
         from the other party or parties all reasonable costs and expenses of
         any nature whatsoever incurred by the prevailing party in connection
         with such action, including without limitation reasonable attorneys'
         fees and prejudgment interest.

         14.10    Entire Agreement. This instrument and the agreements referred
to herein embody the entire agreement between the parties hereto with respect
to the transactions contemplated herein, and there have been and are no
agreements, representations or warranties between the parties other than those
set forth or provided for herein.

         14.11    Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

         14.12    Headings. The headings of Sections in this Agreement are
provided for convenience only and will not affect its construction or
interpretation. All references to "Section" or "Sections" refer to the
corresponding Section or Sections of this Agreement. All words used in this
Agreement will be construed to be of such gender or number as the circumstances
require. Unless otherwise expressly provided, the word "including" does not
limit the preceding words or terms.

                                      18
<PAGE>

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

ATTEST:                                      "BUYER"

                                             OS SEA, INC.,
                                             a Florida corporation

     /s/ Robert S. Merritt                   By:  /s/ John W. Cooper
--------------------------------------          -------------------------------
Robert S. Merritt, Assistant Secretary          John W. Cooper, President

ATTEST:                                      "SELLER"

                                             BONEFISH GRILL, LLC, a Florida
                                             limited liability company

                                                BONEFISH GRILL HOLDINGS, INC.
                                                a Florida corporation its
                                                member-manager

     /s/ Timothy V. Curci                    By:   /s/ Timothy V. Curci
--------------------------------------          -------------------------------
Timothy V. Curci, Secretary                     Timothy V. Curci, President

ATTEST:                                      "BGH"

                                             BONEFISH GRILL HOLDINGS, INC. a
                                             Florida corporation

     /s/ Timothy V. Curci                    By:   /s/ Timothy V. Curci
--------------------------------------          -------------------------------
Timothy V. Curci, Secretary                     Timothy V. Curci, President

                                             "BG PRINCIPALS"
                                                  /s/ Timothy V. Curci
                                             ----------------------------------
                                             TIMOTHY V. CURCI, individually

                                                 /s/ Christopher L. Parker
                                             ----------------------------------
                                             CHRISTOPHER L. PARKER, individually

                                      19

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