Document:

<PAGE>
                                                                    EXHIBIT 10.5

                               THIRD AMENDMENT TO
                 AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT

         THIS THIRD AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT
(this "Third Amendment") is made and entered into as of March 4, 2003 (the
"Third Amendment Date") by and among AMSURG CORP., a Tennessee corporation (the
"Borrower"), the several banks and other financial institutions from time to
time party hereto (the "Lenders"), and SUNTRUST BANK, in its capacity as
Administrative Agent for the Lenders (the "Administrative Agent").

                                    RECITALS:

         1.       The Borrower, Administrative Agent and certain lenders entered
into that certain Amended and Restated Revolving Agreement dated May 5, 2000, as
amended by that certain First Amendment to Amended and Restated Revolving
Agreement dated June 22, 2001 and as further amended by that certain Second
Amendment to Amended and Restated Revolving Agreement dated February 5, 2003 (as
amended, the "Agreement").

         2.       The Borrower desires that the credit facility established
under the Agreement be extended and as a result, certain lenders to the
Agreement may no longer be a party thereto and additional lenders may be
involved in the extended credit facility.

         3.       Subject to the terms and conditions of this Amendment, the
Lenders severally, to the extent of their respective Commitments, are willing to
extend the credit facilities to Borrower under the Agreement.

         4.       The Borrower, Administrative Agent and the Lenders desire to
amend the Agreement as provided herein.

         NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the Borrower, the Lenders and the Administrative Agent
agree as follows:

         1.       Capitalized terms used herein, but not expressly defined
herein, shall have the meaning given to such terms in the Agreement. In addition
thereto, henceforth, the terms "Third Amendment" and "Third Amendment Date" as
defined hereinabove in the preamble hereto, shall be deemed incorporated by
reference into Section 1.1. of the Agreement in the appropriate alphabetical
order, and made a part thereof.

         2.       The definition of "Applicable Margin" in Section 1.1 of the
Agreement is hereby amended and restated as follows:

                  "APPLICABLE MARGIN" shall mean with respect to the Letter of
         Credit Fee and all Revolving Loans outstanding on any date, the number
         of basis points per annum determined by reference to the applicable
         Leverage Ratio in effect on such date in accordance with the table set
         forth below, provided, that a change in the Applicable Margin resulting
         from a change in the Leverage Ratio shall be effective on the second
         Business Day after which the Borrower is required to deliver the
         financial statements required by Section 5.1 (a) or (b) and the

<PAGE>

         compliance certificate required by Section 5.1 (c); provided further,
         that if at any time the Borrower shall have failed to deliver such
         financial statements and such certificate, the Applicable Margin shall
         be at Level 4 until such time as such financial statements and
         certificate are delivered, at which time the Applicable Margin shall be
         determined as provided above.

<TABLE>
<CAPTION>
                           Level 1             Level 2              Level 3             Level 4
                        --------------    -----------------    -----------------    ---------------
<S>                     <C>               <C>                  <C>                  <C>
Leverage Ratio          Less than l.0x     Greater than or      Greater than or     Greater than or
                                          equal to l.0x and    equal to 1.5x and     equal to 2. Ox
                                           Less than 1.5x       Less than 2.0x
                        --------------    -----------------    -----------------    ---------------
Applicable                   150                 175                  200                 225
Margin for               basis points       basis points         basis points        basis points
Eurodollar Loans
and Letter of
Credit Fee
                        --------------    -----------------    -----------------    ---------------
Applicable                    50                  75                  100                 125
Margin for Base          basis points       basis points         basis points        basis points
Rate Loans
                        --------------    -----------------    -----------------    ---------------
Commitment Fee                50.0                50.0                 50.0                50.0
                         basis points       basis points         basis points        basis points
                        --------------    -----------------    -----------------    ---------------
</TABLE>

         3.       The definition of "Arranger" in Section 1.1 of the Agreement
is hereby amended and restated as follows:

                  "ARRANGER" shall mean SunTrust Robinson Humphrey, a division
         of SunTrust Capital Markets, Inc.

         4.       The definition of "Assignment and Security Agreement" in
Section 1.1 of the Agreement is hereby amended and restated as follows:

                  "ASSIGNMENT AND SECURITY AGREEMENT" shall mean that certain
         Assignment and Security Agreement, substantially in the form of Exhibit
         E attached hereto, whereby Borrower (a) assigns to Administrative Agent
         on behalf of Lenders any and all documents executed in connection with
         all Intercompany Loans and Third Party Notes (except as may be excluded
         pursuant to Section 5.11 herein), including without limitation any
         notes, loan agreements, security agreements, guaranties, and financing
         statements, and (b) pledges to Administrative Agent on behalf of
         Lenders any and all collateral pledged in connection therewith.
         Borrower hereby grants Lenders or any of them permission to file any
         applicable financing statements.

                                        2
<PAGE>

         5.       The definition of "Maturity Date" in Section 1.1 of the
Agreement is hereby amended and restated as follows:

                  "Maturity Date" shall mean the earliest of (i) March 4, 2008,
         (ii) the date on which the Revolving Commitments are terminated
         pursuant to Section 2.6. and (iii) the date on which all amounts
         outstanding under this Agreement have been declared or have
         automatically become due and payable.

         6.       The definition of "Permitted Investments" in Section 1.1 of
the Agreement is hereby amended by deleting the word "and" at the end of
subsection (iv), by substituting the punctuation "." at the end of subsection
(v) with "; and" and by adding the following subsection immediately after
subsection (v):

                  (vi)     funds held in the grantor trust properly established
         by Borrower (which shall be subject to the claims of Lenders and
         general creditors of Borrower) for the non-qualified deferred
         compensation plan adopted by Borrower entitled the AmSurg Supplemental
         Executive Retirement Savings Plan (the "Rabbi Trust"), provided that
         the funds in the Rabbi Trust must be invested solely in any one or
         more of the Permitted Investments described in clauses (i) through (v)
         above.

         7.       The definition of "Revolving Commitment" in Section 1.1 of the
Agreement is hereby amended and restated as follows:

                  "Revolving Commitment" shall mean, with respect to each
         Lender, the obligation of such Lender to make Revolving Loans to the
         Borrower and to participate in Letters of Credit in an aggregate
         principal amount not exceeding the amount set forth with respect to
         such Lender on Schedule 1.1 (attached to the Third Amendment of this
         Agreement and as may hereinafter be amended or supplemented from time
         to time), or in the case of a Person becoming a Lender after the Third
         Amendment Date, the amount of the assigned "Revolving Commitment", as
         provided in the Assignment and Acceptance Agreement executed by such
         Person as an assignee, as the same may be changed pursuant to terms
         hereof.

         8.       Section 2.9(b) entitled "Mandatory Prepayments" of the
Agreement is hereby amended and restated in its entirety as follows:

                  (b)      Mandatory Prepayments. The Borrower shall be required
         to make mandatory principal prepayments of the Revolving Loans in an
         amount equal to (i) 100% of the net cash proceeds in excess of
         $1,000,000 received by the Borrower and any of its Subsidiaries from
         any sale or other disposition by the Borrower and any of its
         Subsidiaries of any assets, and (ii) 100% of net cash proceeds received
         from the issuance, sale, or disposition of the Borrower's capital stock
         (common, preferred, or special), converted into or exchanged for
         capital stock, and any rights, options, warrants, and similar
         instruments, any equity offering or debt issuance. In addition to the
         mandatory principal payments of

                                        3
<PAGE>

         Revolving Loans from the sale of assets as described above, the
         Aggregate Revolving Commitments shall be permanently reduced, on a pro
         rata basis, by an amount equal to 50% of the net proceeds received by
         the Borrower and any of its Subsidiaries from any sale or other
         disposition by the Borrower and any of its Subsidiaries of any assets
         that exceeds $15,000,000.00.

         9.       Section 5.11 entitled "Intercompany Loans and Third Party
Notes" of the Agreement is hereby amended and restated in its entirety as
follows:

                  SECTION 5.11      INTERCOMPANY LOANS AND THIRD PARTY NOTES.
         Within fifteen (15) days after receipt of the same, the Borrower shall
         deliver to the Administrative Agent on behalf of all Lenders
         appropriate Assignment and Security Agreements, together with all
         notes, loan agreements, security agreements, guaranties, and financing
         statements evidenced thereby, obtained by the Borrower in connection
         with any Intercompany Loans and Third Party Notes made and/or received
         by Borrower at any time after the Closing Date; provided, however,
         that promissory notes dated after the Third Amendment Date (a)
         evidencing Intercompany Loans in an amount of less than $200,000.00
         shall be excluded from such delivery and assignment subject to a
         maximum exclusion of $3,000,000.00 in the aggregate of such
         Intercompany Loans and (b) evidencing Third Party Notes in an amount of
         less than $100,000.00 shall be excluded from such delivery and
         assignment subject to a maximum exclusion of $1,000,000.00 in the
         aggregate of such Third Party Notes.

         10.      Article VI of the Agreement shall be amended and restated in
its entirety as follows:

                                   ARTICLE VI.

                               FINANCIAL COVENANTS

                  The Borrower covenants and agrees that so long as any Lender
         has a Commitment hereunder or the principal of or interest on or any
         Loan remains unpaid or any fee or any LC Disbursement remains unpaid or
         any Letter of Credit remains outstanding:

                  SECTION 6.1       LEVERAGE RATIO. The Borrower, on a
         consolidated basis and as calculated at the end of each calendar
         quarter, shall maintain, a Leverage Ratio of not greater than 2.50:1.0.

                  SECTION 6.2      CONSOLIDATED TOTAL FUNDED DEBT TO
         CAPITALIZATION RATIO. The Borrower shall maintain, on a consolidated
         basis and as calculated as of the end of each calendar quarter, a ratio
         of Consolidated Total Funded Debt to Capitalization not to exceed 0.45
         to 1.0.

                  SECTION 6.3       FIXED CHARGE COVERAGE RATIO. The Borrower
         shall maintain, on a consolidated basis and as calculated at the end of
         each calendar quarter on a rolling four quarter basis a ratio of (a)
         the sum of (i) Adjusted

                                        4
<PAGE>

         EBITDA, plus (ii) Consolidated Lease Expense, less (iii) the
         maintenance portion of Capital Expenditures, less cash taxes paid, to
         (b) the sum of (i) Consolidated Interest Expense, plus (ii)
         Consolidated Lease Expense, plus (iii) current maturities of long term
         Indebtedness, plus (iv) ten percent (10%) of the outstanding principal
         amount of the Revolving Loans, of not less than 1.50 to 1.0.

                  For the purpose of calculating the Fixed Charge Coverage Ratio
         as set forth above, the Borrower shall calculate the ratio in a manner
         consistent with the calculation of Adjusted EBITDA, provided that such
         calculations are done in a manner reasonably calculated to comply with
         GAAP and the calculations are detailed and measured to the
         Administrative Agent's reasonable satisfaction.

                  SECTION 6.4       CONSOLIDATED NET WORTH. The Borrower, on a
         consolidated basis, shall maintain at all times a Consolidated Net
         Worth, as measured on the last day of each fiscal quarter, of not less
         than (a) $194,728,000.00 plus (b) fifty percent (50%) of its cumulative
         positive Consolidated Net Income since December 31, 2002 plus (c) one
         hundred percent (100%) of the net proceeds received from the issuance,
         sale, or disposition of the Borrower's capital stock (common,
         preferred, or special), converted into or exchanged for capital stock,
         and any rights, options, warrants, and similar instruments from
         December 31, 2002 to any date of determination less (d) up to
         $25,000,000.00 for permitted treasury stock purchases, if applicable,
         from December 31, 2002 to any date of determination.

         11.      Section 7.1(e) of the Agreement shall be amended and restated
in its entirety as follows:

                  (e)      Indebtedness that does not exceed $15,000,000 in the
         aggregate, inclusive of all amounts referenced in Section 7.1(b) above,
         but specifically excluding all Indebtedness arising under the Loan
         Documents.

         12.      Section 7.13 entitled "Acquisitions" of the Agreement shall be
amended and restated in its entirety as follows:

         SECTION 7.13      ACQUISITIONS.

                  (a)      Without the prior written consent of the Required
         Lenders, the Borrower may not make any Acquisition unless such
         Acquisition satisfies all of the following conditions:

                           (i)      the total consideration (including cash,
                  stock, personal property, debt assumed, and other Property)
                  exchanged for such Acquisition does not exceed $10,000,000;

                           (ii)     the ratio of: total consideration (including
                  cash, stock, personal property, and other Property) exchanged
                  for such Acquisition to annual pre-tax income after GAAP
                  adjustments less minority interest as reflected on the
                  Acquisition Pro-Forma does not exceed 6.5 to 1.0;

                                        5
<PAGE>

                           (iii)    the aggregate number of Acquisitions, in a
                  rolling twelve (12) month period does not exceed twelve (12);
                  provided, however that if the sum of the aggregate Revolving
                  Credit Exposure of all Lenders plus the pro forma cost of any
                  proposed Acquisition is less than $50,000,000.00, the
                  limitations set forth in this Section 7.13(a)(iii) shall not
                  apply;

                           (iv)     at least five (5) Business Days before such
                  Acquisition, the Borrower delivers to Administrative Agent and
                  Lenders the Acquisition Informational Package; and

                           (v)      simultaneously with the Acquisition, the
                  Borrower shall deliver to Administrative Agent the
                  documentation and agreements required by Section 5.10 herein.

                  (b)      The Borrower may not make an Acquisition that does
         not comply with subsection (a) hereof unless the Borrower obtains the
         prior approval in writing of the Required Lenders as evidenced by an
         Acquisition Approval Letter and satisfaction of the following
         conditions:

                           (i)      at least fifteen (15) Business Days prior to
                  the proposed Acquisition the Borrower delivers to
                  Administrative Agent and Lenders the Acquisition Informational
                  Package (it being understood that the Lenders shall use
                  reasonable efforts to notify the Borrower within ten (10)
                  Business Days after receipt of the Acquisition Informational
                  Package of their decision to approve or disapprove the
                  proposed Acquisition); and

                           (ii)     if the Required Lenders approve the
                  Acquisition, then simultaneously with the Acquisition, the
                  Borrower shall deliver to Administrative Agent the
                  documentation and agreements required by Section 5.10 herein.

         13.      Section 10.1 entitled "Notices" of the Agreement, shall be
amended by replacing "SunTrust Equitable Securities" with "SunTrust Robinson
Humphrey" at the same address but to the attention of Syndicated Finance.

         14.      Effect and Effective Date of Amendments. The effective date of
the amendments to the Agreement set forth hereinabove shall be the Third
Amendment Date. Except as set forth expressly herein, all terms of the
Agreement shall remain unchanged. It is intended by the Parties that this Third
Amendment shall not constitute a novation of the Agreement.

         15.      Restatement of Representations and Warranties. To induce all
other parties to enter into this Third Amendment (A) each party hereby restates
and renews each and every representation and warranty heretofore made by it
under, or in connection with, the execution and delivery of, the Agreement; (B)
each party hereby restates, ratifies and reaffirms each and every term and
condition set forth in the Agreement, as amended hereby, and in the Security
Documents, as amended hereby, effective as of the date hereof; and (C) each
party hereby

                                        6
<PAGE>

certifies that no Default or Event of Default has occurred and is continuing
(after giving effect to this Third Amendment).

         16.      Conditions Precedent. The following shall constitute express
conditions precedent to any obligations of the Lenders hereunder becoming
effective:

                  (a)      the Administrative Agent shall have received a fully
         executed, original of this Third Amendment;

                  (b)      each Lender whose Revolving Commitment is being
         altered as a result of this Third Amendment shall have received an
         Amended and Restated Revolving Credit Note executed by Borrower in
         conformity herewith, in exchange for such Lender's existing Revolving
         Credit Note;

                  (c)      each Lender issuing a new Revolving Commitment shall
         have received a Revolving Credit Note executed by Borrower in a form
         acceptable to Lender;

                  (d)      each Lender not a party to this Third Amendment shall
         have delivered to Borrower and Administrative Agent a payoff letter and
         Assignment and Acceptance setting forth the amount owed such Lender by
         Borrower and such other documentation as Administrative Agent may
         request;

                  (e)      the secretary or assistant secretary of the Borrower
         shall have executed and delivered to the Administrative Agent a
         certificate, in form satisfactory to the Administrative Agent,
         confirming corporate authority and officer incumbency in respect of the
         execution of this Third Amendment and the new Revolving Credit Notes or
         Amended and Restated Revolving Credit Notes described above;

                  (f)      legal counsel to the Borrower shall have issued its
         opinion in respect of the foregoing, in a form satisfactory to the
         Administrative Agent;

                  (g)      the Administrative Agent shall have received and
         approved the unaudited consolidated financial statements of Borrower
         and its Subsidiaries for the fiscal year ended 2002, including balance
         sheets, income and cash flow statements which have been prepared in
         conformity with GAAP and such other financial information as the
         Administrative Agent may request;

                  (h)      there shall not have occurred a material adverse
         change since the date of the most recently filed public filing made
         with the Securities and Exchange Commission, in the business, assets,
         liabilities (actual or contingent), operations, conditions (financial
         or otherwise) or prospects of Borrower and its Subsidiaries taken as a
         whole or in the facts and information regarding such entities as
         represented to date;

                  (i)      there exists no Default or Event of Default under the
         Agreement, Security Documents or any related documentation or
         instruments;

                                        7
<PAGE>

                  (j)      the Administrative Agent shall have received
         certified copies of the articles of incorporation or other charter
         documents of the Borrower, together with certificates of good standing
         or existence, as may be available from the Secretary of State of the
         jurisdiction of incorporation of the Borrower and each other
         jurisdiction where the Borrower is required to be qualified to do
         business as a foreign corporation;

                  (k)      the Administrative Agent shall have received
         certified copies of all required consents, approvals, authorizations,
         registrations, and filings required to be made or obtained by the
         Borrower and all Loan Parties in connection with this Agreement;

                  (1)      the Administrative Agent shall have received duly
         executed Notices of Borrowing, if applicable;

                  (m)      receipt by Administrative Agent of all government,
         shareholder and third-party consents and approvals necessary or
         desirable in connection with the transactions contemplated hereby in a
         form acceptable to Administrative Agent;

                  (n)      receipt by Administrative Agent of all fees and other
         amounts due and payable on or prior to the Third Amendment Date,
         including reimbursement or payment of all out-of-pocket expenses
         (including reasonable fees, charges and disbursements of counsel to the
         Administrative Agent and filing fees, recording costs, indebtedness tax
         and similar expenses) required to be reimbursed or paid by the Borrower
         hereunder; and

                  (o)      receipt of all other documents and information as
         Administrative Agent may request.

         17.      The Borrower agrees that its obligations are valid and
binding, enforceable in accordance with their respective terms, subject to no
defense, counterclaim, or objection.

         18.      This Third Amendment may be executed in any number of separate
counterparts (including by telecopy), and all of said counterparts taken
together shall be deemed to constitute one and the same instrument and will be
effective on the Third Amendment Date upon execution by Borrower, Administrative
Agent and the Lenders.

                           [SIGNATURE PAGES TO FOLLOW]

                                        8
<PAGE>
         IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment
to be duly executed by their respective authorized officers as of the day and
year first above written.

                                             BORROWER:

                                             AMSURG CORP.

                                             By: /s/ Kevin D. Eastridge
                                                 ------------------------------

                                             Title: Vice President, Controller
                                                    --------------------------

<PAGE>
                                             SUNTRUST BANK
                                             as Administrative Agent, as
                                             Issuing Bank, and as a Lender

                                             By: /s/ Mark D. Matthew
                                                 ------------------------------

                                             Title: Director
                                                    ---------------------------

<PAGE>
                                             BANK OF AMERICA, N.A.
                                             as Syndication Agent and as a
                                             Lender

                                             By: /s/ Elizabeth L. Knox
                                                 ------------------------------

                                             Title:  Senior Vice President
                                                   ----------------------------

<PAGE>
                                             NAME OF LENDER:

                                             U.S. BANK, NATIONAL ASSOCIATION,
                                             as a Lender

                                             By: /s/ S.W. Choppin
                                                 ------------------------------

                                             Title:  Senior Vice President
                                                   ----------------------------

<PAGE>
                                             NAME OF LENDER:

                                             KEY CORPORATE CAPITAL INC.,
                                             as a Lender

                                             By: /s/ John M. Langenderfer
                                                 ------------------------------

                                             Title:  Senior Vice President
                                                   ----------------------------

<PAGE>
                                             NAME OF LENDER:

                                             STANDARD FEDERAL BANK N.A.,
                                             as a Lender

                                             By: /s/ Ralph P. Binggeser
                                                 ------------------------------
                                                     Ralph P. Binggeser

                                             Title:  First Vice President
                                                   ----------------------------

<PAGE>
                                  SCHEDULE 1.1

                          REVOLVING COMMITMENT AMOUNTS
                                   OF LENDERS

<Table>
<Caption>
         LENDER                                            REVOLVING COMMITMENT
         ------                                            --------------------
         <S>                                               <C>
         SunTrust Bank                                         $25,000,000

         Bank of America, N.A.                                  22,500,000

         US Bank National Association                           20,000,000

         Key Corporate Capital Inc.                             20,000,000

         Standard Federal Bank N.A.                             12,500,000
</Table><PAGE>
                                                                    EXHIBIT 4.52

                      AGREEMENT AND PLAN OF REORGANIZATION

                                      AMONG

                            OUTBACK STEAKHOUSE, INC.,

                      OUTBACK STEAKHOUSE OF FLORIDA, INC.,

                                 EAGLE ONE, INC.

                                       AND

                              JOSEPH E. SUMISLAWSKI

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                     PAGE
                                                                                                     ----
<S>                                                                                                  <C>
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
         SUMISLAWSKI...............................................................................    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 SUMISLAWSKI..........................................    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
</TABLE>

                                       i

<PAGE>

TABLE OF CONTENTS (continued)

<TABLE>
<CAPTION>
                                                                                                     PAGE
                                                                                                     ----
<S>                                                                                                  <C>
ARTICLE 4 - REPRESENTATIONS AND WARRANTIES OF OSI AND OUTBACK......................................    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............................................................................   10
4.6      Compliance with Other Instruments.........................................................   10
4.7      Capitalization of OSI.....................................................................   10
4.8      SEC Reports...............................................................................   10
4.9      Litigation and Government Claims..........................................................   11
4.10     Necessary Approvals and Consents..........................................................   11
4.11     Absence of Certain Changes or Events......................................................   11

ARTICLE 5 - JOINT COVENANTS OF JVP CORP, SUMISLAWSKI, OSI AND
         OUTBACK...................................................................................   11
5.1      Notice of any Material Change.............................................................   11
5.2      Cooperation...............................................................................   12
5.3      Distribution and Allocations..............................................................   12
5.4      Additional Agreements.....................................................................   12

ARTICLE 6 - COVENANTS OF JVP CORP AND SUMISLAWSKI..................................................   12
6.1      Securities Law Compliance.................................................................   12
6.2      Payment of Liabilities....................................................................   14

ARTICLE 7 - COVENANTS OF OSI AND OUTBACK...........................................................   14
7.1      Employment Agreements.....................................................................   14

ARTICLE 8 - JOINT CONDITIONS PRECEDENT TO CLOSING OBLIGATIONS......................................   14
8.1      Consents to Transaction...................................................................   14
8.2      Absence of Litigation.....................................................................   15
8.3      Dissenter's Rights........................................................................   15

ARTICLE 9 - CONDITIONS PRECEDENT TO OBLIGATIONS OF JVP CORP........................................   15
9.1      Compliance................................................................................   15
9.2      Representations and Warranties............................................................   15
9.3      Material Adverse Changes..................................................................   15

ARTICLE 10 - CONDITIONS PRECEDENT TO OBLIGATIONS OF OSI AND
         OUTBACK...................................................................................   15
10.1     Compliance................................................................................   16
10.2     Representations and Warranties............................................................   16
10.3     Current Financial Status..................................................................   16
10.4     Material Adverse Changes..................................................................   16
</TABLE>

                                       ii

<PAGE>

TABLE OF CONTENTS (continued)

<TABLE>
<CAPTION>
                                                                                                     PAGE
                                                                                                     ----
<S>                                                                                                  <C>
ARTICLE 11 - INDEMNIFICATION.......................................................................   16
11.1     Indemnification Based on Agreement........................................................   16
11.2     Limitation................................................................................   16
11.3     Cooperation...............................................................................   17
11.4     Notice....................................................................................   17

ARTICLE 12 - MISCELLANEOUS.........................................................................   17
12.1     Termination...............................................................................   17
12.2     Expenses..................................................................................   18
12.3     Entire Agreement..........................................................................   18
12.4     Survival of Representations and Warranties................................................   18
12.5     Counterparts..............................................................................   18
12.6     Notices...................................................................................   18
12.7     Successors and Assigns....................................................................   19
12.8     Governing Law.............................................................................   19
12.9     Waiver and Other Action...................................................................   19
12.10    Severability..............................................................................   19
12.11    Headings..................................................................................   19
12.12    Construction..............................................................................   19
12.13    Jurisdiction and Venue....................................................................   19
12.14    Enforcement...............................................................................   20
12.15    Further Assurances........................................................................   20
12.16    Equitable Remedies........................................................................   20
12.17    Waiver of Jury Trial......................................................................   20

EXHIBIT A

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

EXHIBIT B

DISCLOSURE SCHEDULES...............................................................................  B-1
</TABLE>

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                      AGREEMENT AND PLAN OF REORGANIZATION

         THIS AGREEMENT AND PLAN OF REORGANIZATION (the "Agreement") is made and
entered effective as of May 7, 2002, by and among OUTBACK STEAKHOUSE, INC., a
Delaware corporation ("OSI"), OUTBACK STEAKHOUSE OF FLORIDA, INC., a Florida
corporation ("Outback"), EAGLE ONE, INC., a Tennessee corporation ("JVP CORP"),
and JOSEPH E. SUMISLAWSKI, an individual residing in the State of Tennessee
("SUMISLAWSKI").

                              W I T N E S S E T H:

         WHEREAS, Outback is a wholly-owned subsidiary of OSI; and

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

         WHEREAS, Outback and JVP CORP have entered into that certain Florida
limited partnership known as Outback/Bluegrass-II, Limited Partnership
("Partnership");

         WHEREAS, the Partnership operates Outback Steakhouse(R)restaurants in
the State of Tennessee and Kentucky; and

         WHEREAS, the Board of Directors of JVP CORP has approved the merger of
JVP CORP into Outback (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
Outback 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 Outback, with Outback
being the surviving corporation, in accordance with the Articles of

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Merger substantially in the form attached to this Agreement as EXHIBIT A (the
"Articles of Merger"), which will be executed and delivered by OSI, Outback, 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 93.8 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 Nine Thousand Three Hundred Eighty (9,380).

                  (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 Nine Thousand Three Hundred Eighty
         (9,380).

                  (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 Outback on September 15, 2002, 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
September 30, 2002, 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

                                       2

<PAGE>

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, Outback, JVP CORP and SUMISLAWSKI 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 Tennessee 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 Tennessee (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 Tennessee
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 Tennessee
("Tennessee 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 Outback 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.

                                        3

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                                   ARTICLE 2
           REPRESENTATIONS AND WARRANTIES OF JVP CORP AND SUMISLAWSKI

         Each of JVP CORP and SUMISLAWSKI, jointly and severally, represent and
warrant to OSI and Outback 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
Tennessee.

         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 Tennessee and
         JVP CORP's corporate governance documents.

                  (b)      SUMISLAWSKI 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 SUMISLAWSKI 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 SUMISLAWSKI in
connection with this Agreement have been or will have been duly executed and
delivered by JVP CORP and SUMISLAWSKI, and are or will be, when executed and
delivered, the legal, valid and binding obligations of each of JVP CORP and
SUMISLAWSKI 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.

                                        4

<PAGE>

         2.6      Compliance with Other Instruments. Neither the execution and
delivery by JVP CORP nor SUMISLAWSKI 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 SUMISLAWSKI 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 SUMISLAWSKI 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 (100) common shares. There are One Hundred (100) common
         shares issued and outstanding, all of which are owned by SUMISLAWSKI.
         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, 2001 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;

                                        5

<PAGE>

                  (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, 2001,
with any notes thereto, and the related unaudited statements of income for the
twelve months ended December 31, 2001, 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.

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

                                        6

<PAGE>

         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,
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
Outback or OSI and JVP CORP or the Partnership, (ii) contracts and commitments
entered into by the Partnership to which Outback 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 Outback, 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 SUMISLAWSKI, contemplated or, to the best knowledge of
JVP CORP or SUMISLAWSKI, 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 Outback or OSI is a signatory or to which
Outback 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 Tennessee with
respect to effectuating the Merger, (b) consents required to be

                                        7

<PAGE>

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 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 SUMISLAWSKI 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 SUMISLAWSKI
of the transactions contemplated by this Agreement and the Articles of Merger,
and the ownership and operation by Outback 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. SUMISLAWSKI 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 SUMISLAWSKI 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 SUMISLAWSKI have disclosed
to OSI and Outback 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 SUMISLAWSKI

         In addition to the representations and warranties contained in ARTICLE
2, SUMISLAWSKI represents and warrants to OSI and Outback 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 SUMISLAWSKI 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. SUMISLAWSKI 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

                                        8

<PAGE>

         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.

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

         3.6      Compliance with Other Instruments. Neither the execution and
delivery by SUMISLAWSKI 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
SUMISLAWSKI 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
SUMISLAWSKI is bound, to which he is a party or to which he is subject.

                                   ARTICLE 4
                REPRESENTATIONS AND WARRANTIES OF OSI AND OUTBACK

         OSI and Outback, jointly and severally, represent and warrant to JVP
CORP and SUMISLAWSKI as follows:

         4.1      Organization and Good Standing. OSI and Outback 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. Outback is duly qualified or licensed
to do business and in good standing as a foreign corporation in Tennessee 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 Outback 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 Outback 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 Outback in connection with this Agreement
and the execution, delivery and performance by OSI and Outback of this
Agreement, the Articles of Merger and the other documents executed or to be
executed by OSI and Outback 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 Outback in connection with
this Agreement have been or will have been duly executed and delivered by OSI
and Outback and are or will be, when executed and delivered, the legal, valid
and binding obligations of OSI and Outback, enforceable in accordance with their
terms except that:

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

                                        9

<PAGE>

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

         4.6      Compliance with Other Instruments. Neither the execution and
delivery by OSI and/or Outback 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 Outback
pursuant to, the certificate of incorporation or bylaws of OSI or Outback 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 Outback 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 78,554,186 outstanding shares of Common Stock and no shares
of Preferred Stock were issued and outstanding as of April 30, 2002. 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 Outback or OSI to issue shares
of its capital stock. All of the outstanding shares of capital stock of Outback
are owned by OSI, free and clear of any lien or encumbrance.

         4.8      SEC Reports. OSI has delivered to JVP CORP and SUMISLAWSKI
true and complete copies of its (i) Annual Report on Form 10-K for the year
ended December 31, 2001; (ii) Proxy Statement used in connection with its 2002
Annual Meeting of Shareholders; (iii) 2001 Annual Report to Shareholders; (iv)
all periodic reports, if any, on Form 8-K filed with the Securities and Exchange
Commission since December 31, 2001 to the date hereof; and (v) all Forms 10-Q,
if any, filed with the Securities and Exchange Commission since December 31,
2001 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 SUMISLAWSKI. 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 Outback 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 Outback, 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

                                       10

<PAGE>

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.

         4.10     Necessary Approvals and Consents. Other than (a) in connection
with or in compliance with the laws of the States of Florida and Tennessee 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 Outback 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 Outback 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, 2001, there has not been
any material adverse change in the financial condition, results of operations or
the business, properties, assets or liabilities of Outback or OSI.

                                   ARTICLE 5
            JOINT COVENANTS OF JVP CORP, SUMISLAWSKI, OSI AND OUTBACK

         JVP CORP and SUMISLAWSKI, jointly and severally, on the one hand, and
OSI and Outback, 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, SUMISLAWSKI, OSI and Outback 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, Outback 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      Distribution and Allocations. The parties acknowledge and
agree that notwithstanding the effective date of the Merger, Outback 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 May
6, 2002.

         5.4      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 Outback
         and SUMISLAWSKI shall take all such necessary action.

                  (c)      Neither Outback, OSI, JVPCORP nor SUMISLAWSKI 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 SUMISLAWSKI

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

         6.1      Securities Law Compliance. SUMISLAWSKI represents, warrants
and covenants to Outback and OSI that:

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

                  (b)      SUMISLAWSKI 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 SUMISLAWSKI.

                  (c)      OSI and Outback have furnished him with all
         information requested and full access to materials concerning OSI and
         Outback which SUMISLAWSKI and/or his advisors deemed necessary to
         properly evaluate the Merger. Such information and access have been
         made available and utilized to the

                                       12

<PAGE>

         extent SUMISLAWSKI considers necessary and advisable in making an
         informed investment decision, and SUMISLAWSKI has consulted his own tax
         advisor and understands the evaluation of such materials may require
         the assistance of experts and SUMISLAWSKI has utilized such experts to
         the extent deemed necessary.

                  (d)      SUMISLAWSKI understands that the OSI Common Stock to
         be received is an investment of a speculative nature and SUMISLAWSKI
         must bear the risks thereof for an indefinite period of time.
         SUMISLAWSKI 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)      SUMISLAWSKI and/or his representatives or advisors
         who have acted with or on behalf of SUMISLAWSKI and who have advised
         SUMISLAWSKI in this matter have such knowledge and experience in
         financial and business matters that SUMISLAWSKI is capable of
         evaluating the merits and risks of the Merger for OSI Common Stock.

                  (f)      SUMISLAWSKI is participating in the Merger solely for
         his account as a private investment, and SUMISLAWSKI 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. SUMISLAWSKI does not
         presently intend to enter into any such agreement or undertaking and
         there are no present circumstances which will compel SUMISLAWSKI to
         sell any OSI Common Stock so received. SUMISLAWSKI 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.

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

                  (h)      SUMISLAWSKI agrees to indemnify and hold OSI and
         Outback 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 SUMISLAWSKI of any OSI Common Stock
         received hereby which is effected other than in strict compliance with
         the terms hereof and applicable law.

                  (i)      SUMISLAWSKI 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 Outback will have any obligation to register any
         such OSI Common Stock.

                  (j)      SUMISLAWSKI 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)      SUMISLAWSKI 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

                                       13

<PAGE>

         in excess of $200,000 in each of the two most recent tax years or joint
         income with SUMISLAWSKI'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 SUMISLAWSKI 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.

                                   ARTICLE 7
                          COVENANTS OF OSI AND OUTBACK

         OSI and Outback, jointly and severally, covenant and agree with JVP
CORP and SUMISLAWSKI as follows:

         7.1      Employment Agreements. Solely with respect to the Merger, and
any consequential termination of any partnership by operation of law, Outback
agrees not to elect to terminate the Employment Agreements between the
Partnership, as employer, and the general managers of the Partnership's Outback
Steakhouse restaurants, as employees. Outback 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 Outback's 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.

                                   ARTICLE 8
                JOINT CONDITIONS PRECEDENT TO CLOSING OBLIGATIONS

         Except as may be waived by OSI, the obligations of JVP CORP,
SUMISLAWSKI, OSI and Outback 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, Outback 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 Outback, to enable Outback to
assume such licenses and permits or to enable Outback to operate restaurants (of
the kind and quality customarily operated by Outback) 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.

                                       14

<PAGE>

         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 Outback or OSI.

                                   ARTICLE 9
                 CONDITIONS PRECEDENT TO OBLIGATIONS OF JVP CORP

         The obligations of JVP CORP and SUMISLAWSKI 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:

         9.1      Compliance. OSI and Outback 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 Outback on or before the Closing Date.

         9.2      Representations and Warranties. All of the representations and
warranties made by OSI and Outback in this Agreement, and in all certificates
and other documents delivered by OSI and Outback to JVP CORP and SUMISLAWSKI
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 Outback, taken as a whole.

                                   ARTICLE 10
             CONDITIONS PRECEDENT TO OBLIGATIONS OF OSI AND OUTBACK

         Except as may be waived by OSI and Outback, the obligations of OSI and
Outback 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 SUMISLAWSKI 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 SUMISLAWSKI in this Agreement, the Disclosure
Schedule, and in all certificates and other documents delivered by JVP CORP or
SUMISLAWSKI 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.

                                       15

<PAGE>

         10.3     Current Financial Status. OSI shall have received the
unaudited financial statements of JVP CORP as of April 30, 2002, for the month
then ended.

         10.4     Material Adverse Changes. Since December 31, 2001, 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

         SUMISLAWSKI, on the one hand, and OSI and Outback, jointly and
severally, on the other hand, agree as follows:

         11.1     Indemnification Based on Agreement. Subject to the limitations
contained in SECTION 11.2 hereof, SUMISLAWSKI shall indemnify and hold harmless
OSI, Outback and JVP CORP, and OSI, Outback and JVP CORP, jointly and severally,
shall indemnify and hold harmless SUMISLAWSKI, 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, SUMISLAWSKI shall indemnify OSI, Outback 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, 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.

         11.2     Limitation. SUMISLAWSKI shall have no obligation under SECTION
11.1 to indemnify OSI, Outback 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

                                       16

<PAGE>

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 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 SUMISLAWSKI set forth herein or if there has been any material
         failure on the part of JVP CORP or SUMISLAWSKI 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 Outback set forth herein or if there has been any
         material failure on the part of OSI or Outback to comply with their
         obligations hereunder;

                  (d)      by either OSI, JVP CORP or SUMISLAWSKI, if the
         transactions contemplated by this Agreement have not been consummated
         by November 6, 2002, 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.

                                       17

<PAGE>

         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 Outback contained herein or in any exhibit,
         certificate, document or instrument delivered pursuant to this
         Agreement shall survive for a period of two years from the Effective
         Date; provided, however, that the obligations of OSI and Outback 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 SUMISLAWSKI contained herein or in any exhibit,
         schedule, certificate, document or instrument delivered pursuant to
         this Agreement shall survive the Closing for a period of two 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 SUMISLAWSKI:     EAGLE ONE, INC.
                                            8110 Victory Trail
                                            Brentwood, TN 37027
                                            Attention: Joseph E. Sumislawski

         If to OSI or Outback:              OUTBACK STEAKHOUSE, INC.
                                            2202 North West Shore Boulevard,
                                            5th Floor
                                            Tampa, FL 33607
                                            Attention: Joseph J. Kadow,
                                            General Counsel

         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.

                                       18

<PAGE>

         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.

         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

                                       19

<PAGE>

remedies at law or in equity, to specific performance of this Agreement by the
party that refused to consummate the transactions contemplated hereby.

         12.17    WAIVER OF JURY TRIAL. ALL PARTIES TO THIS AGREEMENT KNOW AND
UNDERSTAND THAT THEY HAVE A CONSTITUTIONAL RIGHT TO A JURY TRIAL. THE PARTIES
ACKNOWLEDGE THAT ANY DISPUTE OR CONTROVERSY THAT MAY ARISE OUT OF THIS AGREEMENT
WILL INVOLVE COMPLICATED AND DIFFICULT FACTUAL AND LEGAL ISSUES.

         THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE CONTEMPLATED
TRANSACTIONS, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN
CONTRACT, TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY
OF THIS PARAGRAPH WITH ANY COURT AS WRITTEN EVIDENCE OF THE KNOWING, VOLUNTARY
AND BARGAINED-FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE TRIAL BY JURY
AND THAT ANY PROCEEDING WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT OR
ANY OF THE CONTEMPLATED TRANSACTIONS SHALL INSTEAD BE TRIED IN A COURT OF
COMPETENT JURISDICTION BY A JUDGE SITTING WITHOUT A JURY.

         THE PARTIES INTEND THIS WAIVER OF THE RIGHT TO A JURY TRIAL BE AS BROAD
AS POSSIBLE. BY THEIR SIGNATURES BELOW, THE PARTIES PROMISE, WARRANT AND
REPRESENT THAT THEY WILL NOT PLEAD FOR, REQUEST OR OTHERWISE SEEK TO HAVE A JURY
TO RESOLVE ANY AND ALL DISPUTES THAT MAY ARISE BY, BETWEEN OR AMONG THEM.

                                       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:____________________________________   By: __________________________________
   JOSEPH J. KADOW, Secretary                 ROBERT D. BASHAM, President

                                          "Outback"

Attest:                                   OUTBACK STEAKHOUSE OF FLORIDA, INC.,
                                          a Florida corporation

By:____________________________________   By: __________________________________
   JOSEPH J. KADOW, Secretary                 ROBERT D. BASHAM, Chief Operating
                                              Officer

                                          "JVP CORP"

Attest:                                   EAGLE ONE, INC.,
                                          a Tennessee corporation

By:____________________________________    By: _________________________________
   JOSEPH E. SUMISLAWSKI, Secretary            JOSEPH E. SUMISLAWSKI, President

Witness:                                  "SUMISLAWSKI"

_______________________________________   ______________________________________
                                          JOSEPH E. SUMISLAWSKI
_______________________________________

                                       21

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