Document:

Exhibit 4.90 Amended Roy's Credit and Guaranty Agreement

    Exhibit
      4.90

    

    THIRD
      AMENDMENT TO CREDIT AND GUARANTY AGREEMENT

    

    

    THIS
      THIRD AMENDMENT TO CREDIT AND GUARANTY AGREEMENT (this “Amendment”) is made as
      of the 10th
      day of
      March, 2006, by and among RY-8, INC., a Hawaii corporation (referred to herein
      as the “Borrower”), WACHOVIA BANK, NATIONAL ASSOCIATION (referred to herein as
      the “Bank”), ROY’S HOLDINGS, INC., a Hawaii corporation, OUTBACK STEAKHOUSE,
      INC., a Delaware corporation, and OS PACIFIC, INC., a Florida corporation
      (collectively referred to herein as the “Guarantors”).

    

    R
      E C
      I T A L S:

    

    The
      Borrower, the Guarantors and the Bank have entered into that certain Credit
      and
      Guaranty Agreement dated October 31, 2000, as amended by that certain First
      Amendment to Credit and Guaranty Agreement dated October 19, 2001 and that
      certain Second Amendment to Credit and Guaranty Agreement dated December 21,
      2004 (the “Credit Agreement”). Capitalized terms used in this Amendment which
      are not otherwise defined in this Amendment shall have the respective meanings
      assigned to them in the Credit Agreement.

    

    The
      Borrower and Guarantors have requested the Bank to amend the Credit Agreement
      to
      amend the definition of “Existing Outback Credit Agreement” and make certain
      other modifications, all upon the terms and conditions hereinafter set forth.
      

    

    NOW,
      THEREFORE, in consideration of the Recitals and the mutual promises contained
      herein and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the Borrower, the Guarantors
      and
      the Bank, intending to be legally bound hereby, agree as follows:

    

    SECTION
      1. Recitals.
      The
      Recitals are incorporated herein by reference and shall be deemed to be a part
      of this Amendment.

    

    SECTION
      2. Amendments.
      The
      definitions of “Existing Outback Credit Agreement,” and “Outback/Wachovia Credit
      Agreement,” contained in Section 1.01 of the Credit Agreement are hereby amended
      and restated to read as follows:

    

    “Existing
      Outback Credit Agreement” means that certain Amended and Restated Credit
      Agreement dated March 10, 2006, by and among Outback Steakhouse, Inc., the
      Banks
      party thereto, Wachovia Bank, National Association, as Agent, Wachovia
      Capital Markets, LLC, as Sole Arranger, SunTrust Bank, as Syndication Agent,
      and
      Bank of America, N.A. and Wells Fargo Bank, National Association, as
      Co-Documentation Agents,
      as in
      effect on the date hereof without regard and without giving effect to any
      waivers given by the Banks (as defined in the Existing Outback Credit Agreement)
      or amendments agreed to by Outback Steakhouse, Inc. and the Banks (as defined
      in
      the Existing Outback Credit Agreement).

     

    
      
        WCSR
          2152570v4

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Outback/Wachovia
      Credit Agreement” shall mean that certain Credit Agreement dated as of April 27,
      2004 between Outback and the Bank, as amended by that certain First Amendment
      to
      Credit Agreement dated April 28, 2005 and that certain Second Amendment to
      Credit Agreement dated March 10, 2006.

     

    SECTION
      3. Conditions
      to Effectiveness.
      The
      effectiveness of this Amendment and the obligations of the Bank hereunder are
      subject to the following conditions, unless the Bank waives such
      conditions:

    

    (a) receipt
      by the Bank from each of the parties hereto of a duly executed counterpart
      of
      this Amendment signed by such party; and

    

    (b) the
      fact
      that the representations and warranties of the Borrower and Guarantors contained
      in Section 5 of this Amendment shall be true on and as of the date
      hereof.

      

    SECTION
      4. No
      Other Amendment.
      Except
      for the amendments set forth above, the text of the Credit Agreement shall
      remain unchanged and in full force and effect. This Amendment is not intended
      to
      effect, nor shall it be construed as, a novation. The Credit Agreement and
      this
      Amendment shall be construed together as a single agreement. Nothing herein
      contained shall waive, annul, vary or affect any provision, condition, covenant
      or agreement contained in the Credit Agreement, except as herein amended, nor
      affect nor impair any rights, powers or remedies under the Credit Agreement
      as
      hereby amended. The Bank does hereby reserve all of its rights and remedies
      against all parties who may be or may hereafter become secondarily liable for
      the repayment of the Note. The Borrower and Guarantors promise and agree to
      perform all of the requirements, conditions, agreements and obligations under
      the terms of the Credit Agreement, as heretofore and hereby amended, the Credit
      Agreement, as amended, being hereby ratified and affirmed. The Borrower and
      Guarantors hereby expressly agree that the Credit Agreement, as amended, is
      in
      full force and effect.

    

    SECTION
      5. Representations
      and Warranties.
      The
      Borrower and Guarantors hereby represent and warrant to the Bank as
      follows:

    

    (a) No
      Default or Event of Default, nor any act, event, condition or circumstance
      which
      with the passage of time or the giving of notice, or both, would constitute
      an
      Event of Default, under the Credit Agreement or any other Loan Document has
      occurred and is continuing unwaived by the Bank on the date hereof.

    

    (b) The
      Borrower and Guarantors have the power and authority to enter into this
      Amendment and to do all acts and things as are required or contemplated
      hereunder, or thereunder, to be done, observed and performed by it.

    

    (c) This
      Amendment has been duly authorized, validly executed and delivered by one or
      more authorized officers of the Borrower and Guarantors and constitute legal,
      valid and

     

    
      
        WCSR
          2152570v4

        
        

      

      
        2

        
          

        

      

      
        
        

      

       

      binding
        obligations of the Borrower and each Guarantor enforceable against it in
        accordance with their terms, provided that such enforceability is subject
        to
        general principles of equity.

    

    

    (d) The
      execution and delivery of this Amendment and the performance of the Borrower
      and
      Guarantors hereunder and thereunder do not and will not require the consent
      or
      approval of any regulatory authority or governmental authority or agency having
      jurisdiction over the Borrower or any Guarantor, nor be in contravention of
      or
      in conflict with the certificate or articles of incorporation or bylaws of
      the
      Borrower or any Guarantor, or the provisions of any statute, or any judgment,
      order or indenture, instrument, agreement or undertaking, to which the Borrower
      or any Guarantor is party or by which the assets or properties of the Borrower
      and Guarantors are or may become bound.

    

    SECTION
      6. Counterparts.
      This
      Amendment may be executed in multiple counterparts, each of which shall be
      deemed to be an original and all of which, taken together, shall constitute
      one
      and the same agreement.

    

    SECTION
      7. Governing
      Law.
      This
      Amendment shall be considered in accordance with and governed by the laws of
      the
      State of Georgia.

    

    SECTION
      8. Consent
      by Guarantors.
      The
      Guarantors consent to the foregoing amendments. The Guarantors promise and
      agree
      to perform all of the requirements, conditions, agreements and obligations
      under
      the terms of the Credit Agreement as hereby amended, said Credit Agreement,
      as
      hereby amended, being hereby ratified and affirmed. The Guarantors hereby
      expressly agree that the Credit Agreement, as hereby amended, is in full force
      and effect.

    

    SECTION
      9. Effective
      Date.
      This
      Amendment shall be effective as of March 10, 2006.

    

    SECTION
      10. Notices.
      All
      notices, requests and other communications to any party to the Credit Agreement,
      as amended hereby, shall be given in accordance with the terms of Section 8.01
      of the Credit Agreement; provided, such notices, requests and other
      communications shall be given to such party at its address or telecopy number
      set forth on the signature pages hereof or such other address or telecopy number
      as such party may hereafter specify for the purpose by notice to each other
      party. 

    

    

    [The
      remainder of this page intentionally left blank.]

    

    
      
         

        WCSR
          2152570v4

        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed and delivered, or have caused
      their respective duly authorized officers or representatives to execute and
      deliver, this Amendment as of the day and year first above written.

    

    

    BORROWER:

    

    RY-8,
      INC.

    

    

    By:
      /s/ Terrence M. Lee______________(SEAL)

    Title:
      Terrence M. Lee, Vice President and Secretary

    
 

    RY-8,
      Inc.

    6600
      Kalanianaole Hwy

    Honolulu,
      Hawaii 96825

    Attention:
      Roy Yamaguchi

    Telecopy
      number: (808) 396-8706

    Telephone
      number: (808) 396-9875

    

    with
      a
      copy to:

    

    Terrence
      M. Lee, Esq.

    1130
      North Nimitz Highway, Suite A-200

    Honolulu,
      Hawaii 96817

    Telecopy
      number: (808) 585-1331

    Telephone
      number: (808) 585-1333

    

    

    

    STATE
      OF
      HAWAII

    CITY
      & COUNTY OF HONOLULU

    

    THE
      FOREGOING INSTRUMENT was acknowledged before me this 14th day of
      March, 2006, by Terrence M. Lee, as Vice President and Secretary of
      RY-8, INC. on behalf of the corporation. He/she is personally known to
      me.

    

    

    /s/
      Michele Hebblethwaite__________________

    (Affix
      Seal)        
Print
      Name: Michele Hebblethwaite___________

    Notary
      Public - State of Hawaii

    My
      Commission Expires: 3/20/09_____________

    My
      Commission No.:___-------______________

    

      
        
           

          WCSR
            2152570v4

          
          

        

        
          4

          
            

          

        

        
          
          

        

      

    GUARANTORS:

    

    OUTBACK
      STEAKHOUSE, INC.

    

    

    By:
      /s/ Dirk A. Montgomery___________(SEAL)

    Dirk
      A.
      Montgomery, Senior Vice President and Chief Financial Officer

    

    

    Outback
      Steakhouse, Inc.

    2202
      North Westshore Blvd., 5th
      Floor

    Tampa,
      Florida 33607

    Attention:
      Dirk A. Montgomery

    Senior
      Vice President and Chief Financial Officer 

    Telecopy
      number: (813)
      286-2247

    Telephone
      number: (813)
      282-1225

    

    with
      a
      copy to:

    

    Outback
      Steakhouse, Inc.

    2202
      North Westshore Blvd., 5th
      Floor

    Tampa,
      Florida 33607

    Attention:
      Joseph J. Kadow

    Executive
      Vice President, Chief Officer-Legal and Corporate Affairs and
      Secretary

    Telecopy
      number: (813)
      281-2114

    Telephone
      number: (813)
      282-1225

    

    

    

    STATE
      OF
North Carolina___________

    COUNTY
      OF
Mecklenburg__________

    

    THE
      FOREGOING INSTRUMENT was acknowledged before me this _10th_ day of March,
      2006, by Dirk A. Montgomery, as Senior Vice President and Chief Financial
      Officer of OUTBACK STEAKHOUSE, INC. on behalf of the corporation. He is
      personally known to me.

    

    

    /s/
      Mark F. Foster, III_____________________

    (Affix
      Seal)         Print
      Name: Mark F. Foster, III______________

    Notary
      Public - State of North Carolina_________

    My
      Commission Expires: My Commission Expires October 27, 2006

    My
      Commission No.:______________________

    
      
         

        WCSR
          2152570v4

        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    ROY’S
      HOLDINGS, INC.

    

    

    
      By:
        /s/ Terrence M. Lee______________(SEAL)

      Title:
        Terrence M. Lee, Vice President and Secretary

    

    

    Roy’s
      Holdings, Inc.

    6600
      Kalanianaole Hwy

    Honolulu,
      Hawaii 96825

    Attention:
      Roy Yamaguchi

    Telecopy
      number: (808) 396-8706

    Telephone
      number: (808) 396-9875

    

    with
      a
      copy to:

    

    Terrence
      M. Lee, Esq.

    1130
      North Nimitz Highway, Suite A-200

    Honolulu,
      Hawaii 96817

    Telecopy
      number: (808) 585-1331

    Telephone
      number: (808) 585-1333

    

    

    

    
      STATE
        OF
        HAWAII

      CITY
        & COUNTY OF HONOLULU

    

    

    THE
      FOREGOING INSTRUMENT was acknowledged before me this 14th day of
      March, 2006, by Terrence M. Lee, as Vice President and Secretary of
      ROY’S HOLDINGS, INC. on behalf of the corporation. He/she is personally known to
      me.

    
 

                                 
/s/
      Michele
      Hebblethwaite__________________

    
      (Affix
        Seal)        
Print
        Name: Michele Hebblethwaite___________

      Notary
        Public - State of Hawaii

      My
        Commission Expires: 3/20/09_____________

      My
        Commission No.:___-------______________

    

     

    
      
        WCSR
          2152570v4

        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    OS
      PACIFIC, INC.

    

    By:
      /s/ Dirk A. Montgomery___________(SEAL)

    Dirk
      A.
      Montgomery, Chief Financial Officer

    

    OS
      Pacific, Inc.

    c/o
      Outback Steakhouse, Inc.

    2202
      North Westshore Blvd., 5th
      Floor

    Tampa,
      Florida 33607

    Attention:
      Dirk A. Montgomery

    Chief
      Financial Officer 

    Telecopy
      number: (813)
      286-2247

    Telephone
      number: (813)
      282-1225

    

    with
      a
      copy to:

    

    OS
      Pacific, Inc.

    c/o
      Outback Steakhouse, Inc.

    2202
      North Westshore Blvd., 5th
      Floor

    Tampa,
      Florida 33607

    Attention:
      Joseph J. Kadow

    Executive
      Vice President, Chief Officer-Legal and Corporate Affairs and
      Secretary

    Telecopy
      number: (813)
      281-2114

    Telephone
      number: (813)
      282-1225

    

    

    

    
      STATE
        OF
North Carolina___________

      COUNTY
        OF
Mecklenburg__________

    

    

    THE
      FOREGOING INSTRUMENT was acknowledged before me this _10th_ day of March,
      2006, by Dirk A. Montgomery, as Chief Financial Officer of OS PACIFIC, INC.
      on
      behalf of the corporation. He is personally known to me.

    

                          
      /s/ Mark F. Foster, III_____________________

    
      (Affix
        Seal)         Print
        Name: Mark F. Foster, III______________

      Notary
        Public - State of North Carolina_________

      My
        Commission Expires: My Commission Expires October 27, 2006

      My
        Commission No.:______________________

    

     

    
      
        WCSR
          2152570v4

        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

    WACHOVIA
      BANK, NATIONAL

    ASSOCIATION

    

    

                    
By:
/s/
      Lynn E.
      Culbreath__________________

    Lynn
      E.
      Culbreath, Senior Vice President

    

    Wachovia
      Bank, National Association

    10
      South
      Jefferson Street, Mail Code VA 7628 (24011)

    PO
      Box
      13327

    Roanoke,
      VA 24040

    

    with
      a
      copy to:

    

    Wachovia
      Bank, National Association

    100
      South
      Ashley Drive, FL4954

    Suite
      1000 

    Tampa,
      Florida 33602

    Attention:
      Lynn E. Culbreath

    Senior
      Vice President

    Telecopy
      number: (813)
      276-6454

    Telephone
      number: (813)
      276-6517

    

    

    
      STATE
        OF
North Carolina___________

      COUNTY
        OF
Mecklenburg__________

    

    

    THE
      FOREGOING INSTRUMENT was acknowledged before me this _10th_ day of March,
      2006, by Lynn E. Culbreath, as Senior Vice President of WACHOVIA BANK, NATIONAL
      ASSOCIATION on behalf of the corporation. She is personally known to
      me.

    

     

                                 
/s/
      Mark F.
      Foster, III_____________________

    
      (Affix
        Seal)         Print
        Name: Mark F. Foster, III______________

      Notary
        Public - State of North Carolina_________

      My
        Commission Expires: My Commission Expires October 27, 2006

      My
        Commission No.:______________________

    

    
 

    
       

      WCSR
        2152570v4

      8Exhibit 10.35 Amended Employment Agreement - Kadow

    Exhibit
      10.35

    Joseph
      J.
      Kadow

     

    OUTBACK
      STEAKHOUSE, INC.

    Amendment
      to and Assignment of Officer Employment Agreement

    

    THIS
      AMENDMENT TO AND ASSIGNMENT OF OFFICER EMPLOYMENT AGREEMENT (“Amendment”) is
      entered into by and among OS
      MANAGMENT, INC., a Florida corporation (the “Employer”), OUTBACK STEAKHOUSE OF
      FLORIDA, INC., a Florida corporation (“OSF”), and OUTBACK
      STEAKHOUSE, INC., a Delaware corporation (the “Company”),and JOSEPH J. KADOW
      (the “Employee”) executed this 27th day of April, 2005, to be effective for all
      purposes as of April 27, 2005.

    

    WHEREAS,
      Employer employed Employee and leased Employee to OSF as Senior Vice President
      of OSF pursuant to that certain Officer Employment Agreement April 1, 2002
      (the
“Employment Agreement”); and 

    

    WHEREAS,
      the Company is the parent company of OSF; and

    

    WHEREAS,
      the parties hereto desire to enter into this Amendment in order to assign OSF’s
      rights under the Employment Agreement to the Company and to modify the
      Employment Agreement to reflect that the Company has promoted the Employee
      to
      Executive Vice President and Chief Officer- Legal and Corporate Affairs of
      the
      Company.

    

    NOW,
      THEREFORE, intending to be legally bound, for good consideration, receipt of
      which is acknowledged, the parties hereby agree as follows:

    1.  Recitals.
      The
      parties acknowledge and agree that the above recitals are true and correct
      and
      incorporated herein by reference.

    2.  Assignment.
      The
      parties acknowledge and agree that all rights and obligations of OSF under
      the
      Employment Agreement have been assigned to and accepted by the Company.

    3.  Change
      of Employee’s Title. The
      parties acknowledge and agree that all references in the Employment Agreement
      to
      the Employee being employed as Senior Vice President of OSF are hereby amended
      to state that the Employee is employed as Executive Vice President and Chief
      Officer- Legal and Corporate Affairs of the Company.

    4.  Assignment/
      Ratification.
      The
      parties acknowledge and agree that all rights and obligations of OSF under
      the
      Employment Agreement have been assigned to and accepted by the Company. All
      other terms of the Employment Agreement as amended hereby are hereby ratified
      and confirmed by each party. 

    

    IN
      WITNESS WHEREOF, the parties have executed this Amendment effective as set
      forth
      above.

    

    “EMPLOYER”

    
      	
              Attest:

            	
              OS
                MANAGEMENT, INC., a Florida
                corporation

            

    

    

    By:
      /s/ Joseph J.
      Kadow______________        
By:
      /s/ Robert S. Merritt____________________

    Joseph
      J.
      Kadow, Secretary             Robert
      S. Merritt, Senior
      Vice President

    

    “COMPANY”

    
      	
              Attest:

            	
              OUTBACK
                STEAKHOUSE, INC., a Delaware
                corporation

            

    

    

    
      	
              By:
                /s/ Joseph J. Kadow______________

            	
              By:
                /s/ A. William Allen,
                III_________________

            

    

    
      	
              Joseph
                J. Kadow, Secretary

            	
              A.
                William Allen, III, Chief Executive
                Officer

            

    

    

    “OSF”

    
      	
              Attest:

            	
              OUTBACK
                STEAKHOUSE OF FLORIDA, INC., a Florida
                corporation

            

    

    

    
      	
              By:
                /s/ Joseph J. Kadow______________

            	
              By:
                /s/ Robert S.
                Merritt____________________

            

    

    
      	
              Joseph
                J. Kadow, Secretary

            	
              Robert
                S. Merritt, Senior Vice President

            

    

    

    WITNESSES:                     “EMPLOYEE”

    /s/
      Kelly B. Lefferts___________________

    /s/
      Joseph J. Kadow_______________________

    __________________________________   
      JOSEPH
      J.
      KADOW

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]