Document:

Ex 4 82 $20M Credit Agreement

$20,000,000.00

CREDIT AGREEMENT

dated as of

April 27, 2004

between

OUTBACK STEAKHOUSE, INC.

and

WACHOVIA BANK, NATIONAL ASSOCIATION

CREDIT AGREEMENT

AGREEMENT dated as of April 27, 2004 among OUTBACK STEAKHOUSE, INC. and WACHOVIA BANK, NATIONAL ASSOCIATION.

The parties hereto agree as follows:

ARTICLE I

DEFINITIONS

SECTION 1.01.  Definitions.  The terms as defined in this Section 1.01 shall, for all purposes of this Agreement and any amendment hereto (except as herein otherwise expressly provided or unless
the context otherwise requires), have the meanings set forth herein:

“Adjusted Monthly Libor Index” has the meaning set forth in Section 2.06(c).

“Advance” shall mean an advance made by the Bank to the Borrower under this Agreement pursuant to Article II.  An Advance is a “Base Rate Advance” if such Advance is a Base Rate Loan or a
“Euro-Dollar Advance” if such Advance is a Euro-Dollar Loan.

“Agreement” means this Credit Agreement, together with all amendments and supplements hereto.

“Applicable Facility Fee Rate” has the meaning set forth in Section 2.07(a).

“Applicable Margin” has the meaning set forth in Section 2.06(a).

“Authority” has the meaning set forth in Section 7.02.

“Bank” means Wachovia Bank, National Association, and its successors and assigns.

“Base Rate” means for any Base Rate Loan for any day, the rate per annum equal to the higher as of such day of (i) the Prime Rate, or (ii) one-half of one percent above the Federal Funds Rate for such day. 
For purposes of determining the Base Rate for any day, changes in the Prime Rate and the Federal Funds Rate shall be effective on the date of each such change.

“Base Rate Loan” means the Loan during Interest Periods when the Loan bears or is to bear interest at a rate based upon the Base Rate.

“Borrower” means Outback Steakhouse, Inc., a Delaware corporation, and its successors and permitted assigns.

“Change of Law” shall have the meaning set forth in Section 7.02.

“Closing Date” means April 27, 2004.

“Commitment” means $20,000,000.00 as such amount may be reduced from time to time pursuant to this Agreement.

“Compliance Certificate” has the meaning set forth in Section 5.01(c).

“Consolidated Subsidiary” means at any date any Subsidiary or other entity the accounts of which, in accordance with GAAP, would be consolidated with those of the Borrower in its consolidated financial statements
as of such date.

“Default” means any condition or event which constitutes an Event of Default or which with the giving of notice or lapse of time or both would, unless cured or waived in writing, become an Event of
Default.

“Default Rate” means, with respect to the Loan or any Letter of Credit Advance, on any day, the sum of 2% plus the Base Rate applicable for such day.

“Dollars” or “$” means dollars in lawful currency of the United States of America.

“Domestic Business Day” means any day except a Saturday, Sunday or other day on which commercial banks in North Carolina are authorized or required by law to close.

  “Euro-Dollar Business Day” means any Domestic Business Day on which dealings in Dollar deposits are carried out in the London interbank market.

“Euro-Dollar Loan” means the Loan during Interest Periods when the Loan bears or is to bear interest at a rate based upon the London Interbank Offered Rate.

“Euro-Dollar Reserve Percentage” has the meaning set forth in Section 2.06.

“Event of Default” has the meaning set forth in Section 6.01.

“Existing Credit Agreement” means that certain Credit Agreement dated April 27, 2004, by and among the Borrower, the banks party thereto, Wachovia Bank, National Association, as Agent, Wachovia Capital Markets,
LLC, as Sole Arranger, SunTrust Bank, as Syndication Agent and SouthTrust Bank, as Documentation Agent, 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 Credit Agreement) or
amendments agreed to by the Borrower and the Banks (as defined in the Existing Credit Agreement).  Any definitions, terms, covenants, representations or other provisions of the Existing Credit Agreement that are incorporated herein will continue to be effective
for purposes of this Agreement and the other Loan Documents, notwithstanding that the indebtedness under the Existing Credit Agreement has been or hereafter may be partially or fully repaid or the fact that the Existing Credit Agreement otherwise might be
terminated. 

“Facility Fee Determination Date” has the meaning set forth in Section 2.07(a).

“Facility Fee Payment Date” means each March 31, June 30, September 30 and December 31.

“Federal Funds Rate” means, for any day, the rate per annum (rounded upward, if necessary, to the next higher 1/100th of 1%) equal to the weighted average of the rates on overnight Federal funds transactions with
members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the Domestic Business Day next succeeding such day, provided that (i) if the day for which such rate is to be determined is
not a Domestic Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Domestic Business Day as so published on the next succeeding Domestic Business Day, and (ii) if such rate is not so published for any day,
the Federal Funds Rate for such day shall be the average rate charged to the Bank on such day on such transactions as determined by the Bank.

“Fiscal Quarter” means any fiscal quarter of the Borrower.

“Fiscal Year” means any fiscal year of the Borrower.

“FMA Agreement” means any financial management account agreement now or hereafter entered into between the Bank and Borrower and all amendments and modifications thereto.

“GAAP” means generally accepted accounting principles applied on a basis consistent with those which, in accordance with Section 1.02, are to be used in making the calculations for purposes of determining
compliance with the terms of this Agreement.

“Guarantors” shall mean collectively:  (a) the Initial Guarantors; and (b) all Material Domestic Subsidiaries acquired, formed or otherwise in existence after the Closing Date.

“Guaranty” means the Guaranty Agreement executed by each of the Guarantors substantially in the form of Exhibit B hereto, either as originally executed or as it may be from time to time supplemented, modified,
amended, renewed, extended or restated from time to time.

“Initial Guarantors” shall mean Outback Steakhouse of Florida, Inc.; Carrabba’s Italian Grill, Inc.; Outback Steakhouse International, Inc.; OS Capital, Inc.; OS Pacific, Inc.; OS Prime, Inc.; Bonefish Grill,
Inc.; and Outback Sports, LLC.

“Interest Payment Date” means each March 31, June 30, September 30 and December 31, commencing with June 30, 2004.

“Interest Period” means a calendar month; provided that:  (a) the initial Interest Period shall mean the period commencing on the Closing Date and ending on April 30, 2004, provided that the London Interbank
Offered Rate shall be determined as if such Interest Period commenced on April 1, 2004; (b) the last Interest Period under this Agreement shall end on the Termination Date; and (c) if any Interest Period would end on a day that is not a Domestic Business Day, then
such Interest Period shall be extended to the next Domestic Business Day.

“Lending Office” means, as to the Bank, its office located at its address set forth on the signature page hereof (or identified on the signature page hereof as its Lending Office) or such other office as the Bank
may hereafter designate as its Lending Office by notice to the Borrower.

                        “Letter of Credit” means the letters of credit issued by the Bank pursuant
to Section 2.03(a) and “Letter of Credit” means any one of such Letters of Credit, as any of such letters of credit may be extended, renewed, replaced or amended from time to time.

                        "Letter of Credit Advance" means an advance made by the Bank pursuant to Section
2.03(c).

                        "Letter of Credit Agreement" means any agreement entered into by the Borrower and the
Bank pursuant to which a Letter of Credit is issued, as amended, modified or restated from time to time.

“Loan” means the aggregate outstanding Advances made by the Bank to the Borrower under this Agreement.  The Loan shall at all times be a Euro-Dollar Loan, unless such Loan is to be a Base Rate Loan pursuant to
Article VII herein.

“Loan Documents” means this Agreement, the Note, the Guaranty, the Letter of Credit Agreement, any other document evidencing, relating to or securing the Loan, the Letters of Credit and any other document or
instrument delivered from time to time in connection with this Agreement, the Note, the Guaranty, the Letters of Credit, the Letter of Credit Agreement or the Loan, as such documents and instruments may be amended or supplemented from time to time.

“Loan Parties” means collectively the Borrower and each Subsidiary of the Borrower that is now or hereafter a party to any of the Loan Documents.

“London Interbank Offered Rate” has the meaning set forth in Section 2.06(c).

“Material Adverse Effect” means, with respect to any event, act, condition or occurrence of whatever nature (including any adverse determination in any litigation, arbitration, or governmental investigation or
proceeding), whether singly or in conjunction with any other event or events, act or acts, condition or conditions, occurrence or occurrences, whether or not related, a material adverse change in, or a material adverse effect upon, any of (a) the financial condition,
operations, business, properties or prospects of the Borrower and its Consolidated Subsidiaries taken as a whole, (b) the rights and remedies of the Bank under the Loan Documents, or the ability of the Borrower to perform its obligations under the Loan Documents to
which it is a party, as applicable, or (c) the legality, validity or enforceability of any Loan Document.

“Material Domestic Subsidiaries” means each Domestic Subsidiary with total assets of $40,000,000 or more; provided that in the event that, at any time, the total assets of all Domestic Subsidiaries which are not
then Guarantors (the “Non-Guarantor Domestic Subsidiaries”), in the aggregate, is equal to or greater than $120,000,000, the Borrower shall so notify the Bank and promptly thereafter (but in any event within 30 days after the date thereof) shall cause any
such Non-Guarantor Domestic Subsidiary which has total assets equal to or greater than $24,000,000 to take the actions and deliver the documents required by Section 5.02 and thereafter such Subsidiaries shall be “Guarantors.”

“Note” means a promissory note of the Borrower, substantially in the form of Exhibit A hereto, evidencing the obligation of the Borrower to repay the Loan, together with all amendments, consolidations,
modifications, renewals and supplements thereto.

“Obligations” means the collective reference to all indebtedness, obligations and liabilities to the Bank, existing on the date of this Agreement  or arising thereafter, direct or indirect, joint or several,
absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, arising by contract, operation of law or otherwise, of the Loan Parties under this Agreement, the Letter of Credit Agreement or any other Loan Document.

“Officer’s Certificate” has the meaning set forth in Section 3.01(c).

“Prime Rate” refers to that interest rate so denominated and set by the Lender from time to time as an interest rate basis for borrowings.  The Prime Rate is but one of several interest rate bases used by the
Lender.  The Lender lends at interest rates above and below the Prime Rate.

“Rate Determination Date” has the meaning set forth in Section 2.06(a).

“Subsidiary” means any corporation or other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar
functions are at the time directly or indirectly owned by the Borrower.

“Termination Date” means June 30, 2007, as such Termination Date may be extended pursuant to Section 2.05(b).

"Undrawn Amount" means, with respect to any Letter of Credit, at any time, the

maximum amount available to be drawn under such Letter of Credit at such time and "Undrawn

Amounts" means, at any time, the sum of all Undrawn Amounts at such time.

                        "Unused Commitment" means at any date, with respect to the Bank, an amount equal
to:   (a) the Commitment, less the sum of: (b)(i) the aggregate outstanding principal amount of the Loan; (ii) the aggregate outstanding principal amount of the Letter of Credit Advances and (iii) the aggregate Undrawn Amounts.

SECTION 1.02.  Accounting Terms and Determinations. Unless otherwise specified herein, all terms of an accounting character used herein shall be interpreted, all accounting determinations hereunder shall be
made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP, applied on a basis consistent (except for changes concurred in by the Borrower’s independent public accountants or otherwise required by a change in
GAAP) with the most recent audited consolidated financial statements of the Borrower and its Consolidated Subsidiaries delivered to the Bank, unless with respect to any such change concurred in by the Borrower’s independent public accountants or required by
GAAP, in determining compliance with any of the provisions of this Agreement or any of the other Loan Documents:  (i) the Borrower shall have objected to determining such compliance on such basis at the time of delivery of such financial statements, or 
(ii) the Bank shall so object in writing within 30 days after the delivery of such financial statements, in either of which events such calculations shall be made on a basis consistent with those used in the preparation of the latest financial statements as to which
such objection shall not have been made (which, if objection is made in respect of the first financial statements delivered under Section 5.01 hereof, shall mean the financial statements for the Fiscal Year ending December 31, 1999).

SECTION 1.03.  Use of Defined Terms.  All terms defined in this Agreement shall have the same meanings when used in any of the other Loan Documents, unless otherwise defined therein or unless the
context shall otherwise require.

SECTION 1.04.  Terminology.  All personal pronouns used in this Agreement, whether used in the masculine, feminine or neuter gender, shall include all other genders;  the singular shall include the
plural and the plural shall include the singular.  Titles of Articles and Sections in this Agreement are for convenience only, and neither limit nor amplify the provisions of this Agreement.

SECTION 1.05.  References.  Unless otherwise indicated, references in this Agreement to “Articles”, “Exhibits”, “Schedules”, and “Sections” are references
to articles, exhibits, schedules and sections hereof.

SECTION 1.06.  Definitions in Existing Credit Agreement.  The following terms when used in this Agreement or any of the other Loan Documents shall, unless otherwise defined herein, have the same meanings as
set forth in the Existing Credit Agreement:  “Affiliate”, “Capital Stock”, “CERCLA”, “CERCLIS”, “Code”, “Company Owned Restaurants”, “Consolidated Interest Expense”,
“Consolidated Net Income”, “Consolidated Net Worth”, “Consolidated Total Assets”, “Consolidated Total Debt”, “Control”, “Controlled Group”,  “Debt”, “Depreciation and
Amortization”, “Development Joint Venture”, “Domestic Subsidiary”, “EBITDAR”, “Environmental Authority”, “Environmental Authorizations”, “Environmental Judgments and Orders”,
“Environmental Laws”, “Environmental Liabilities”, “Environmental Notices”, “Environmental Proceedings”, “Environmental Releases”, “Environmental Requirements”, “ERISA”,
“Foreign Subsidiary”, “Guarantee”, “Hazardous Materials”, “Investment”, “Lien”, “Margin Stock”, “Multiemployer Plan”, “Net Income”, “Participating Subsidiary”,
“PBGC”, “Permitted Acquisition”, “Permitted Consolidations, Mergers and Sales of Assets”, “Permitted Liens”, “Permitted Loans and Advances”, “Permitted Securitization”, “Person”,
“Plan”, “Priority Debt”, “Properties”, “Purchase Money Note”, “Receivables Subsidiary”, “Redeemable Preferred Stock”, “Securitization Assets”, “Securitization Documents”,
“Securitization Facility Attributed Debt”, “Standard Securitization Undertakings”, “Stockholders Equity”, “Synthetic Lease Indebtedness”, “Synthetic Lease Transaction”, “Taxes” and “Third
Parties”.

ARTICLE II

THE CREDITS

SECTION 2.01.  Commitment to Make Advances.  The Bank agrees, on the terms and conditions set forth herein, to make Advances to the Borrower from time to time before the Termination Date;
provided that, immediately after each such Advance is made, the sum of (i) the aggregate outstanding principal amount of all Advances by the Bank; (ii) the outstanding principal amount of all Letter of Credit Advances, and (iii) the aggregate Undrawn Amounts
shall not exceed the amount of its Commitment.  Within the foregoing limits, the Borrower may borrow under this Section, repay or, to the extent permitted by Section 2.09, prepay all or any portion of the Loan and reborrow under this Section at any time before
the Termination Date.

SECTION 2.02.  Method of Borrowing Advances.  (a)  The Bank is hereby authorized to make Advances under this Credit Agreement upon telephonic or written communication of a request from any Person
representing himself or herself to be a duly authorized officer or representative of the Borrower; provided that, except as otherwise provided in a FMA Agreement, the Borrower shall make any such request for an Advance not later than 2:00 p.m. (Charlotte, North
Carolina time) on the Domestic Business Day such Advance is to be disbursed.

(b)        Unless the Bank determines that any applicable condition specified in Article III has not been satisfied, the Bank will make the funds corresponding to such Advance available to
the Borrower at the Bank’s aforesaid address.

(c)        Notwithstanding anything to the contrary contained in this Agreement, no Advance may be requested if there shall have occurred an Event of Default, which Event of Default shall not
have been cured or waived in writing.

SECTION 2.03  Letters of Credit.

                        (a)        The Bank may, from time to time upon
request of the Borrower, in its sole discretion issue Letters of Credit for the account of the Borrower, subject to satisfaction of the conditions referenced in Section 3.03.

                        (b)        Each Letter of Credit shall be subject to
the provisions of this Agreement and to the provisions set forth in the Letter of Credit Agreement executed by the Borrower in connection with the issuance of such Letter of Credit.  The Borrower agrees to promptly perform and comply with the terms and
conditions of each Letter of Credit Agreement.

                        (c)        The payment by the Bank of a draft drawn
under any Letter of Credit shall constitute for all purposes of this Agreement a Letter of Credit Advance in the amount of such draft.  

                        (d)        The Borrower shall pay to the Bank on the
earlier of demand and the Termination Date the outstanding principal amount of such Letter of Credit Advance. 

                        (e)        The Bank will notify the Borrower
promptly of the presentment for payment of any Letter of Credit (on the date of presentment, if possible, and otherwise on the  next Domestic Business Day, it being agreed that such notice may be made by phone), together with notice of the date such payment
shall be made.

SECTION 2.04.  Note.  (a)  The Loan of the Bank shall be evidenced by a single Note payable to the order of the Bank for the account of its Lending Office in an amount equal to the original
principal amount of the Bank’s Commitment.

(b)        The Bank shall record, and prior to any transfer of its Note shall endorse on the schedule forming a part thereof appropriate notations to evidence, the date, amount and maturity
of, and effective interest rate for, each Advance made by it, the date and amount of each payment of principal made by the Borrower with respect thereto, and such schedule shall constitute rebuttable presumptive evidence of the principal amount owing and unpaid on
such Bank’s Note; provided that the failure of any Bank to make, or any error in making, any such recordation or endorsement shall not affect the obligation of the Borrower hereunder or under the Note or the ability of the Bank to assign its Note. 
The Bank is hereby irrevocably authorized by the Borrower so to endorse its Note and to attach to and make a part of the Note a continuation of any such schedule as and when required.

SECTION 2.05.  Maturity of Loan.  The Loan shall mature, and the entire outstanding principal amount thereof shall be due and payable, on the Termination Date. 

SECTION 2.06.  Interest Rates.  (a)  ”Applicable Margin” shall be determined quarterly based upon the ratio of Consolidated Total Debt (calculated as of the last day of each Fiscal
Quarter) to EBITDAR (calculated as of the last day of each Fiscal Quarter for the Fiscal Quarter then ended and the immediately preceding three Fiscal Quarters), as follows:

Ratio of Consolidated

Total Debt to EBITDAR           Base Rate Loan            Euro-Dollar
Loan         Letters of Credit

Greater than 2.5                                  
0%                              
..90%                            1.125%

Greater than 2.0 but

equal to or less than 2.5                        0%      
                      
..65%                            .825%

Less than or equal to 2.0                      
0%                              
..50%                            .65%

The Applicable Margin shall be determined effective as of the date (herein, the “Rate Determination Date”) which is 60 days after the last day of the Fiscal Quarter as of the end of which the foregoing ratio is
being determined, based on the quarterly financial statements for such Fiscal Quarter, and the Applicable Margin so determined shall remain effective from such Rate Determination Date until the date which is 60 days after the last day of the Fiscal Quarter in which
such Rate Determination Date falls (which latter date shall be a new Rate Determination Date); provided that (i) for the period from and including the Closing Date to but excluding the Rate Determination Date next following the Closing Date, the Applicable
Margin shall be (A) 0% for a Base Rate Loan, (B) .50% for a Euro-Dollar Loan, and (C) .65% for a Letter of Credit, (ii) in the case of any Applicable Margin determined for the fourth and final Fiscal Quarter of a Fiscal Year, the Rate Determination Date
shall be the date which is 120 days after the last day of such final Fiscal Quarter and such Applicable Margin shall be determined based upon the annual audited financial statements for the Fiscal Year ended on the last day of such final Fiscal Quarter,  and
(iii) if on any Rate Determination Date the Borrower shall have failed to deliver to the Bank the financial statements required to be delivered pursuant to Section 5.01(a) or Section 5.01(b) with respect to the Fiscal Year or Fiscal Quarter, as the case may be, most
recently ended prior to such Rate Determination Date, then for the period beginning on such Rate Determination Date and ending on the earlier of (A) the date on which the Borrower shall deliver to the Bank the financial statements to be delivered pursuant to Section
5.01(b) with respect to such Fiscal Quarter or any subsequent Fiscal Quarter, or (B) the date on which the Borrower shall deliver to the Bank annual financial statements required to be delivered pursuant to Section 5.01(a) with respect to the Fiscal Year which
includes such Fiscal Quarter or any subsequent Fiscal Year, the Applicable Margin shall be determined as if the ratio of Consolidated Total Debt to EBITDAR was more than 2.5 at all times during such period.  Any change in the Applicable Margin on any Rate
Determination Date shall result in a corresponding change, effective on and as of such Rate Determination Date, in the interest rate applicable to each Loan and in the fees applicable to each Letter of Credit outstanding on such Rate Determination Date; provided,
that no Applicable Margin shall be decreased pursuant to this Section 2.06 if a Default is in existence on the Rate Determination Date.

(b)        During each Interest Period in which the Loan is a Base Rate Loan, such Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day during the
applicable Interest Period, at a rate per annum equal to the Base Rate for such day plus the Applicable Margin.  Any overdue principal of and, to the extent permitted by applicable law, overdue interest on any Base Rate Loan shall bear interest, payable on
demand, for each day until paid in full at a rate per annum equal to the Default Rate.

(c)        During each Interest Period on which the Loan is a Euro-Dollar Loan, such Euro-Dollar Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period
applicable thereto, at a rate per annum equal to the sum of: (1) the Applicable Margin, plus (2) the applicable Adjusted Monthly Libor Index for such Interest Period.  Any overdue principal of and, to the extent permitted by applicable law, overdue interest on
any Euro-Dollar Loan shall bear interest, payable on demand, for each day until paid in full at a rate per annum equal to the Default Rate.

The “Adjusted Monthly Libor Index” applicable to any Interest Period means a rate per annum equal to the quotient obtained (rounded upward, if necessary, to the next higher 1/100th of 1%) by dividing (i) the
applicable London Interbank Offered Rate for such Interest Period by (ii) 1.00 minus the Euro-Dollar Reserve Percentage.

The “London Interbank Offered Rate” applicable to any Euro-Dollar Loan means for the Interest Period of such Euro-Dollar Loan the rate per annum determined on the basis of the rate for deposits in Dollars of
amounts equal or comparable to the principal amount of such Euro-Dollar Loan offered for a term comparable to such Interest Period, which rate appears on the display designated as Page “3750” of the Telerate Service (or such other page as may replace page
3750 of that service or such other service or services as may be nominated by the British Banker’s Association for the purpose of displaying London Interbank Offered Rates for U.S. dollar deposits) determined as of 1:00 p.m. New York City time, 2 Euro-Dollar
Business Days prior to the first day of such Interest Period.

“Euro-Dollar Reserve Percentage” means for any day that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor)
for determining the maximum reserve requirement for a member bank of the Federal Reserve System in respect of “Eurocurrency liabilities” (or in respect of any other category of liabilities which includes deposits by reference to which the interest rate on
such Euro-Dollar Loan is determined or any category of extensions of credit or other assets which includes loans by a non-United States office of any Bank to United States residents).  The Adjusted Monthly Libor Index shall be adjusted automatically on and as of
the effective date of any change in the Euro-Dollar Reserve Percentage.

                        (d)        The Loan shall at all times be a
Euro-Dollar Loan unless the Loan is to be a Base Rate Loan pursuant to Article VII herein.  Interest shall be payable for each Interest Period on the Interest Payment Date immediately succeeding the last day of the Interest Period; provided that:  (1) all
accrued unpaid interest on the Loan shall be paid in full on the Termination Date; and (2) should the Commitment be terminated at any time prior to the Termination Date for any reason, any and all accrued unpaid interest shall be paid on the date of such
termination.

(e)        The Bank shall determine each interest rate applicable to the Loan hereunder.

(f)         After the occurrence and during the continuance of a Default, the principal amount of the Loan (and, to the extent permitted by applicable law, all accrued interest thereon)
may, at the election of the Bank, bear interest at the Default Rate; provided, however, that automatically whether or not the Bank elects to do so, any overdue principal of and, to the extent permitted by law, overdue interest on the Loan shall bear interest payable
on demand, for each day until paid at a rate per annum equal to the Default Rate. 

                        (g)        Each Letter of Credit Advance shall bear
interest on the outstanding principal amount thereof, payable on demand, for each day from the date such Letter of Credit Advance is made until paid in full at a rate per annum equal to the Default Rate.

SECTION 2.07.  Fees.  (a) The Borrower shall pay to the Bank a facility fee equal to the product of:  (i) the aggregate of the daily average amounts of the Bank’s Commitment, times
(ii) a per annum percentage equal to the Applicable Facility Fee Rate.  Such facility fee shall accrue from and including the Closing Date to and including the Termination Date.  The facility fee shall be payable quarterly in arrears on the first
Facility Fee Payment Date following each Facility Fee Determination Date and on the Termination Date; provided that should the Commitment be terminated at any time prior to the Termination Date for any reason, the entire accrued and unpaid facility fee shall be paid
on the date of such termination.  The “Applicable Facility Fee Rate” shall be determined quarterly based upon the ratio of Consolidated Total Debt (calculated as of the last day of each Fiscal Quarter) to EBITDAR (calculated as of the last day of
each Fiscal Quarter for the Fiscal Quarter then ended and the immediately preceding three Fiscal Quarters) as follows:

Ratio of
Consolidated                                                  
      Applicable

Total Debt to
EBITDAR                                              
   Facility Fee Rate

Greater than
2.5                                                                      
..225%

Greater than 2.0          

but equal to or less than
2.5                                                     
..175%

Less than or equal to
2.0                                                          
..15%

The Applicable Facility Fee Rate shall be determined effective as of the date (herein, the “Facility Fee Determination Date”) which is 60 days after the last day of the Fiscal Quarter as of the end of which the
foregoing ratio is being determined, based on the quarterly financial statements for such Fiscal Quarter, and the Applicable Facility Fee Rate so determined shall remain effective from such Facility Fee Determination Date until the date which is 60 days after the
last day of the Fiscal Quarter in which such Facility Fee Determination Date falls (which latter date shall be a new Facility Fee Determination Date); provided that (i) for the period from and including the Closing Date to but excluding the Facility Fee
Determination Date next following the Closing Date, the Applicable Facility Fee Rate shall be .15%; (ii) in the case of any Applicable Facility Fee Rate determined for the fourth and final Fiscal Quarter of a Fiscal Year, the Facility Fee Determination Date shall be
the date which is 120 days after the last day of such final Fiscal Quarter and such Applicable Facility Fee Rate shall be determined based upon the annual audited financial statements for the Fiscal Year ended on the last day of such final Fiscal Quarter, and (iii)
if on any Facility Fee Determination Date the Borrower shall have failed to deliver to the Bank the financial statements required to be delivered pursuant to Section 5.01(a) or Section 5.01(b) with respect to the Fiscal Year or Fiscal Quarter, as the case may be,
most recently ended prior to such Facility Fee Determination Date, then for the period beginning on such Facility Fee Determination Date and ending on the earlier of (A) the date on which the Borrower shall deliver to the Bank the financial statements to be delivered
pursuant to Section 5.01(b) with respect to such Fiscal Quarter or any subsequent Fiscal Quarter, and (B) the date on which the Borrower shall deliver to the Bank annual financial statements required to be delivered pursuant to Section 5.01(a) with respect to the
Fiscal Year which includes such Fiscal Quarter or any subsequent Fiscal Year, the Applicable Facility Fee Rate shall be determined as if the ratio of Consolidated Total Debt to EBITDAR was more than 2.5 at all times during such period.

                        (b)        On the date each Letter of Credit is
issued and on the effective date of any renewal or extension of the expiry date or termination date of any such Letter of Credit, the Borrower shall pay to the Bank, with respect to such Letter of Credit, a per annum letter of credit fee (the "Letter of Credit Fee")
equal to the product of:  (i) the face amount of such Letter of Credit, times (ii) a per annum percentage equal to the Applicable Margin for Letters of Credit (determined in accordance with Section 2.03 hereof) on the date such Letter of Credit Fee is
paid.  Such Letter of Credit Fees shall be payable annually in advance for each Letter of Credit.  The "Applicable Margin" for Letters of Credit shall be as determined in Section 2.06(a).  The Borrower shall pay to the Bank, for its own account,
transfer fees, drawing fees and such other fees and charges as may be provided for in any Letter of Credit Agreement. 

SECTION 2.08.  Mandatory Reduction and Termination of Commitment.  The Commitment shall terminate on the Termination Date and the entire outstanding principal amount of the Loan and if demand has not
been earlier made, Letter of Credit Advances then outstanding (together with accrued interest thereon) shall be due and payable on such date.

SECTION 2.09.  Optional Prepayments.  (a)  The Borrower may prepay all or any portion of the principal of the Loan at any time, or from time to time by paying the principal amount to be prepaid
together with all accrued interest hereunder and any other sums then due from the Borrower to the Bank under this Agreement.  

(b)        Upon receipt of a notice of prepayment pursuant to this Section, such notice shall not thereafter be revocable by the Borrower.

SECTION 2.10.  Mandatory Prepayments.  On each date on which the Commitment is reduced or terminated pursuant to Section 2.08, the Borrower shall repay or prepay such principal amount of the
outstanding Loan, if any (together with interest accrued thereon), as may be necessary so that after such payment the sum of:  (i) the entire unpaid principal amount of the Loan, (ii) the aggregate outstanding principal amount of all Letter of Credit Advances,
and (iii) the aggregate Undrawn Amounts, does not exceed the aggregate amount of the Commitment as then reduced. 

SECTION 2.11.  General Provisions as to Payments. (a)  Unless otherwise provided in a FMA Agreement, the Borrower shall make each payment of principal of, and interest on, the Loan, the Letter of Credit
Advances, and of facility fees hereunder, not later than 11:00 A.M. (Charlotte, North Carolina time) on the date when due, in Federal or other funds immediately available in Charlotte, North Carolina, to the Bank at its address referred to in Section 8.01. 

(b)        Unless otherwise provided in a FMA Agreement, whenever any payment of principal of, or interest on, the Loan, Letter of Credit Advances or of fees shall be due on a day which is
not a Domestic Business Day, the date for payment thereof shall be extended to the next succeeding Domestic Business Day.  If the date for any payment of principal is extended by operation of law or otherwise, interest thereon shall be payable for such extended
time.

(c)        All payments of principal, interest and fees and all other amounts to be made by the Borrower pursuant to this Agreement with respect to the Loan, Letter of Credit Advances, or
fees relating thereto shall be paid without deduction for, and free from, any tax, imposts, levies, duties, deductions, or withholdings of any nature now or at anytime hereafter imposed by any governmental authority or by any taxing authority thereof or therein
excluding in the case of the Bank, taxes imposed on or measured by its net income, and franchise taxes imposed on it, by the jurisdiction under the laws of which the Bank is organized or any political subdivision thereof and, in the case of the Bank, taxes imposed on
its income, and franchise taxes imposed on it, by the jurisdiction of the Bank’s applicable Lending Office or any political subdivision thereof (all such non-excluded taxes, imposts, levies, duties, deductions or withholdings of any nature being
“Taxes”).  In the event that the Borrower is required by applicable law to make any such withholding or deduction of Taxes with respect to the Loan, Letter of Credit Advances or fee or other amount, the Borrower shall pay such deduction or
withholding to the applicable taxing authority, shall promptly furnish to the Bank in respect of which such deduction or withholding is made all receipts and other documents evidencing such payment and shall pay to the Bank additional amounts as may be necessary in
order that the amount received by the Bank after the required withholding or other payment shall equal the amount the Bank would have received had no such withholding or other payment been made.  If no withholding or deduction of Taxes are payable in respect of
the Loan, Letter of Credit Advances or fee relating thereto, the Borrower shall furnish the Bank, at the Bank’s request, a certificate from each applicable taxing authority or an opinion of counsel acceptable to the Bank, in either case stating that such
payments are exempt from or not subject to withholding or deduction of Taxes.  If the Borrower fails to provide such original or certified copy of a receipt evidencing payment of Taxes or certificate(s) or opinion of counsel of exemption, the Borrower hereby
agrees to compensate the Bank for, and indemnify them with respect to, the tax consequences of the Borrower’s failure to provide evidence of tax payments or tax exemption.

In the event the Bank receives a refund of any Taxes paid by the Borrower pursuant to this Section 2.11, it will pay to the Borrower the amount of such refund promptly upon receipt thereof; provided, however, if
at any time thereafter it is required to return such refund, the Borrower shall promptly repay to it the amount of such refund.

Without prejudice to the survival of any other agreement of the Borrower hereunder, the agreements and obligations of the Borrower contained in this Section 2.11 shall be applicable with respect to any participant, assignee or
other Transferee, and any calculations required by such provisions (i) shall be made based upon the circumstances of such participant, assignee or other Transferee, and (ii) constitute a continuing agreement and shall survive the termination of this Agreement and the
payment in full or cancellation of the Note.

SECTION 2.12.  Computation of Interest and Fees. Interest on the Loan and Letter of Credit Advances shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed. 
Facility fees and any other fees payable hereunder shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed.

ARTICLE III

CONDITIONS TO BORROWINGS

SECTION 3.01.  Conditions to Closing.  The Borrower shall satisfy the following conditions on the Closing Date:

(a)        receipt by the Bank from the Borrower of a duly executed counterpart of this Agreement signed by the Borrower;

(b)        receipt by the Bank of a duly executed Note for the account of the Bank complying with the provisions of Section 2.04;

(c)        receipt by the Bank of all documents which the Bank may reasonably request relating to the existence of each Loan Party, the corporate authority for and the validity of each Loan
Document to which it is a party, and any other matters relevant hereto, all in form and substance satisfactory to the Bank, including without limitation a certificate of incumbency of such Loan Party (the “Officer’s Certificate”), signed by the
Secretary or an Assistant Secretary of such Loan Party, substantially in the form of Exhibit C hereto, certifying as to the names, true signatures and incumbency of the officer or officers of such Loan Party authorized to execute and deliver the Loan Documents to
which it is a party, and certified copies of the following items:  (i) such Loan Party’s Certificate of Incorporation, (ii) such Loan Party’s Bylaws, (iii) a certificate of the Secretary of State of the State of such Loan Party’s organization
as to the good standing of such Loan Party as a corporation, and (iv) the action taken by the Board of Directors of such Loan Party authorizing such Loan Party’s execution, delivery and performance of this Agreement, the Note and the other Loan Documents to
which such Loan Party is a party;

(d)        receipt by the Bank of the Guaranty, duly executed by each Guarantor; and

(e)        such other documents or items as the Bank or its counsel may reasonably request.

SECTION 3.02.  Conditions to All Advances.  The obligation of each Bank to make an Advance on the occasion of each Advance is subject to the satisfaction of the following conditions:

(a)        receipt by the Bank of notice from the Borrower requesting such Advance;

(b)        the fact that, immediately before and after such Advance, no Event of Default shall have occurred and be continuing;

(c)        the fact that the representations and warranties of the Borrower contained in Article IV of this Agreement shall be true on and as of the date of such Advance; and

                        (d)        the fact that the representations and
warranties of the Loan Parties contained in the Guaranty shall be true on and as of the date of such Advance; and

(e)        the fact that, immediately after such Advance the sum of: (i) the entire outstanding principal amount of the Loan, (ii) the aggregate outstanding principal amount of the Letter of
Credit Advances, and (iii) the aggregate Undrawn Amounts, will not exceed the amount of the Commitment as of such date. 

Each request by the Borrower for an Advance hereunder shall be deemed to be a representation and warranty by the Borrower on the date such Advance is disbursed by the Bank to the Borrower as to the truth and accuracy of the
facts specified in clauses (b), (c) and (d) of this Section.

                        SECTION 3.03  Conditions to Issuance of Letters of Credit.  The
issuance by the

Bank of each Letter of Credit shall be subject to satisfaction of the conditions set forth in the related Letter of Credit Agreement and satisfaction of the following conditions:

                        (a)        the fact that, immediately before and
after the issuance of such Letter of Credit, no Default shall have occurred and be continuing;

                        (b)        the fact that the representations and
warranties of (i) the Borrower contained in Article IV of this Agreement shall be true on and as of the date of issuance of such Letter of Credit; and (ii) the Guarantors contained in the Guaranty shall be true on and as of the  date of issuance of such Letter
of Credit;

                        (c)        the fact that, immediately after the
issuance of such Letter of Credit: (i) the sum of (A) the entire outstanding principal amount of the Loan, (B) the aggregate outstanding principal amount of the Letter of Credit Advances and (C) the aggregate Undrawn Amounts, will not exceed the amount of the
Commitment. 

                        (d)        no Letter of Credit shall have an expiry
date or termination date on or after the Termination Date.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

The Borrower represents and warrants that (a) the representations and warranties contained in the Existing Credit Agreement are true and correct in all material respects; and (b) no Default (as defined in the Existing Credit
Agreement) or Event of Default (as defined in the Existing Credit Agreement), 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 (as defined in the Existing Credit
Agreement) under the Existing Credit Agreement or any other Loan Document (as defined in the Existing Credit Agreement) has occurred and is continuing unwaived on the date hereof.  

ARTICLE V

COVENANTS

The Borrower agrees that, so long as the Bank has any Commitment hereunder, a Letter of Credit is outstanding or any amount payable under any Letter of Credit Advance or the Note remains unpaid:

SECTION 5.01.  Information.  The Borrower will deliver to the Bank:

(a)        as soon as available and in any event within 90 days after the end of each Fiscal Year, a consolidated balance sheet of the Borrower and its Consolidated Subsidiaries as of the end
of such Fiscal Year and the related consolidated statements of income, shareholders’ equity and cash flows for such Fiscal Year, setting forth in each case in comparative form the figures for the previous Fiscal Year, all certified by PricewaterhouseCoopers,
LLP or other independent public accountants of nationally recognized standing, with such certification to be free of exceptions and qualifications not acceptable to the Bank;

(b)        as soon as available and in any event within 45 days after the end of each of the first 3 Fiscal Quarters of each Fiscal Year, a consolidated balance sheet of the Borrower and its
Consolidated Subsidiaries as of the end of such Fiscal Quarter and the related statement of income and statement of cash flows for such Fiscal Quarter and for the portion of the Fiscal Year ended at the end of such Fiscal Quarter, setting forth in each case in
comparative form the figures for the corresponding Fiscal Quarter and the corresponding portion of the previous Fiscal Year, all certified (subject to normal year-end adjustments) as to fairness of presentation, GAAP and consistency by the chief financial officer or
the chief accounting officer of the Borrower;

(c)        simultaneously with the delivery of each set of financial statements referred to in clauses (a) and (b) above, a certificate, substantially in the form of Exhibit D (a
“Compliance Certificate”), of the chief financial officer or the chief accounting officer  of the Borrower (i) setting forth in reasonable detail the calculations required to establish whether the Borrower was in compliance on the date of such
financial statements, with the requirements of Sections 5.03 through 5.08, inclusive,5.11 and 5.26of the Existing Credit Agreement, (ii) identifying the complete name and jurisdiction of incorporation of each Subsidiary of the Borrower created, formed
or acquired during the time period covered by such financial statements; (iii) identifying the Domestic Subsidiaries; and (iv) stating whether any Default exists on the date of such certificate and, if any Default then exists, setting forth the details thereof and
the action which the Borrower is taking or proposes to take with respect thereto;

(d)        simultaneously with the delivery of each set of annual financial statements referred to in clause (a) above, a statement of the firm of independent public accountants which
reported on such statements to the effect that nothing has come to their attention to cause them to believe that any Default existed on the date of such financial statements;

(e)        within 5 Domestic Business Days after the Borrower becomes aware of the occurrence of any Default, a certificate of the chief financial officer or the chief accounting officer of
the Borrower setting forth the details thereof and the action which the Borrower is taking or proposes to take with respect thereto;

(f)         promptly upon the mailing thereof to the shareholders of the Borrower generally, copies of all financial statements, reports and proxy statements so mailed;

(g)        promptly upon the filing thereof, copies of all registration statements (other than the exhibits thereto and any registration statements on Form S-8 or its equivalent) and annual,
quarterly or monthly reports which the Borrower shall have filed with the Securities and Exchange Commission;

(h)        if and when the Borrower or any member of the Controlled Group (i) gives or is required to give notice to the PBGC of any “reportable event” (as defined in
Section 4043 of ERISA) with respect to any Plan which might constitute grounds for a termination of such Plan under Title IV of ERISA, or knows that the plan administrator of any Plan has given or is required to give notice of any such reportable event, a
copy of the notice of such reportable event given or required to be given to the PBGC; (ii) receives notice of complete or partial withdrawal liability under Title IV of ERISA, a copy of such notice; or (iii) receives notice from the PBGC under
Title IV of ERISA of an intent to terminate or appoint a trustee to administer any Plan, a copy of such notice;

(i)         promptly after the Borrower knows of the commencement thereof, notice of any litigation, dispute or proceeding involving a claim against the Borrower and/or any Subsidiary
for $1,000,000 or more in excess of amounts covered in full by applicable insurance; and

(j)         from time to time such additional information regarding the financial position or business of the Borrower and its Subsidiaries as the Bank may reasonably request.

                        SECTION 5.02  Subsidiaries.  (a)  The Borrower shall cause any
Person which becomes a Material Domestic Subsidiary after the Closing Date to become a party to, and agree to be bound by the terms of, the Guaranty pursuant to an instrument in form and substance satisfactory to the Bank executed and delivered to the Bank within ten
(10) Domestic Business Days after the day on which such Person became a Material Domestic Subsidiary. The Borrower shall also cause the items specified in Section 3.01(d) to be delivered to the Bank concurrently with the instrument referred to above, modified
appropriately to refer to such instrument and such Material Domestic Subsidiary.

                        (b)  Once any Subsidiary becomes a Material Domestic Subsidiary and therefore
becomes a party to the Guaranty in accordance with Section 3.01(d) or Section 5.02(a), such Material Domestic Subsidiary (including, without limitation, all initial Material Domestic Subsidiaries) thereafter shall remain a party to the Guaranty, even if such
Subsidiary thereafter ceases to be a Material Domestic Subsidiary; provided that if a Material Domestic Subsidiary ceases to be a Subsidiary of the Borrower as a result of the Borrower’s transfer or sale of one hundred percent (100%) of the capital stock of
such Subsidiary in accordance with and to the extent permitted by the terms of Section 5.11 of the Existing Credit Agreement, the Bank agrees to release such Subsidiary from the Guaranty.

                        SECTION 5.03  Existing Credit Agreement.  The Borrower covenants and
agrees that from the date hereof and until payment in full of the Loan, all Letter of Credit Advances, termination of all Letters of Credit and the payment in full of all other amounts owing under this Agreement and the other Loan Documents, the Borrower shall
observe, perform and fulfill, for the benefit of the Bank, all of those covenants and agreements, as the same are in effect on the date hereof, contained in the Existing Credit Agreement, as in effect on the date hereof, the provisions of which (including, where
pertinent, the defined terms used in other Sections of the Existing Credit Agreement referenced, in such Sections) are incorporated herein by reference, without regard and without giving effect to any waivers given by the Banks (as defined in the Existing Credit
Agreement) with respect to, or amendments agreed to by the Borrower and the Banks (as defined in the Existing Credit Agreement) of any of such covenants and agreements, which covenants and agreements the Borrower will continue to observe, perform and fulfill for the
benefit of the Bank notwithstanding that the indebtedness under the Existing Credit Agreement has been or hereafter may be partially or fully repaid or the fact that the Existing Credit Agreement otherwise might be terminated.

ARTICLE VI

DEFAULTS

SECTION 6.01.  Events of Default.  If one or more of the following events (“Events of Default”) shall have occurred and be continuing:

(a)        the Borrower shall fail to pay when due any principal of the Loan or shall fail to pay any interest on the Loan within five Domestic Business Days after such interest shall become
due, or shall fail to pay any fee or other amount payable hereunder within five Domestic Business Days after such fee or other amount becomes due; or

(b)        the Borrower or any Subsidiary shall fail to observe or perform any covenant contained in Sections 5.02(ii), 5.03 to 5.12, inclusive of the Existing Credit Agreement, or Section
5.15 or 5.20 to 5.26, inclusive of the Existing Credit Agreement; or

(c)        any Loan Party shall fail to observe or perform any covenant or agreement contained or incorporated by reference in any Loan Document (other than those covered by clause (a) or (b)
above) for thirty days after the earlier of (i) the first day on which such Loan Party has knowledge of such failure or (ii) written notice thereof has been given to the Borrower by the Bank; or

(d)        any representation, warranty, certification or statement made or deemed made by any Loan Party in any Loan Document or in any certificate, financial statement or other document
delivered pursuant to any Loan Document shall prove to have been incorrect or misleading in any material respect when made (or deemed made); or

(e)        the Borrower or any Subsidiary shall fail to make any payment in respect of Debt outstanding (other than the Note) in an aggregate principal amount in excess of $10,000,000 when
due or within any applicable grace period; or

(f)         any event or condition shall occur which results in the acceleration of the maturity of Debt outstanding of the Borrower or any Subsidiary in an aggregate principal amount in
excess of $10,000,000 or the mandatory prepayment or purchase of such Debt by the Borrower (or its designee) or such Subsidiary (or its designee) prior to the scheduled maturity thereof, or enables (or, with the giving of notice or lapse of time or both, would
enable) the holders of such Debt or any Person acting on such holders’ behalf to accelerate the maturity thereof or require the mandatory prepayment or purchase thereof prior to the scheduled maturity thereof, without regard to whether such holders or other
Person shall have exercised or waived their right to do so; or

(g)        the Borrower, any Loan Party or any Subsidiary shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its
debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, or shall consent to any such
relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment for the benefit of creditors, or shall fail generally, or shall admit in writing its
inability, to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing; or

(h)        an involuntary case or other proceeding shall be commenced against the Borrower, any Loan Party or any Subsidiary seeking liquidation, reorganization or other relief with respect
to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary
case or other proceeding shall remain undismissed and unstayed for a period of 60 days; or an order for relief shall be entered against the Borrower, any other Loan Party or any Subsidiary under the federal bankruptcy laws as now or hereafter in effect; or

(i)         the Borrower or any member of the Controlled Group shall fail to pay when due any material amount which it shall have become liable to pay to the PBGC or to a Plan under
Title IV of ERISA; or notice of intent to terminate a Plan or Plans shall be filed under Title IV of ERISA by the Borrower, any member of the Controlled Group, any plan administrator or any combination of the foregoing; or the PBGC shall institute proceedings
under Title IV of ERISA to terminate or to cause a trustee to be appointed to administer any such Plan or Plans or a proceeding shall be instituted by a fiduciary of any such Plan or Plans to enforce Section 515 or 4219(c)(5) of ERISA and such proceeding
shall not have been dismissed within 30 days thereafter; or a condition shall exist by reason of which the PBGC would be entitled to obtain a decree adjudicating that any such Plan or Plans must be terminated; or

(j)         one or more judgments or orders for the payment of money in an aggregate amount in excess of $500,000 shall be rendered against the Borrower or any Subsidiary and such
judgment or order shall continue unsatisfied and unstayed for a period of 30 days; or

(k)        a federal tax lien shall be filed against the Borrower or any Subsidiary under Section 6323 of the Code or a lien of the PBGC shall be filed against the Borrower or any
Subsidiary under Section 4068 of ERISA and in either case such lien shall remain undischarged for a period of 25 days after the date of filing; or

(l)         (i)         any Person or two or more Persons acting in concert shall have acquired beneficial ownership (within the meaning of
Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934) of 30% or more of the outstanding shares of the voting stock of the Borrower; or (ii) as of any date a majority of the Board of Directors of the Borrower consists of
individuals who were not either (A) directors of the Borrower as of the corresponding date of the previous year, (B) selected or nominated to become directors by the Board of Directors of the Borrower of which a majority consisted of individuals described in
clause (A), or (C) selected or nominated to become directors by the Board of Directors of the Borrower of which a majority consisted of individuals described in clause (A) and individuals described in clause (B); or

(m)       if any provision of this Agreement, the Note or the Guaranty, shall for any reason cease to be valid and binding on any Loan Party, or any Loan Party shall deny or disaffirm its
obligations thereunder; or

(n)        the occurrence of a Default (as defined in the Existing Credit Agreement) or an Event of Default (as defined in the Existing Credit Agreement) under the Existing Credit Agreement;
or

(o)        any event of default shall occur and be continuing under the Guaranty and such event of default continues beyond any applicable cure or grace period provided therein.

then, and in every such event, the Bank may (i) by notice to the Borrower terminate the Commitment and it shall thereupon terminate, and (ii) by notice to the Borrower declare the Notes (together with accrued interest
thereon) and all other amounts payable hereunder and under the other Loan Documents to be, and the Note (together with all accrued interest thereon) and all other amounts payable hereunder and under the other Loan Documents shall thereupon become, immediately due and
payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; provided that if any Event of Default specified in clause (g) or (h) above occurs with respect to the Borrower, without any notice to the
Borrower, any Guarantor or any other act by the Bank, the Commitment shall thereupon automatically terminate and the Note (together with accrued interest thereon) and all other amounts payable hereunder and under the other Loan Documents shall automatically become
immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.  Notwithstanding the foregoing, the Bank shall have available to it all other remedies at law or equity, and shall
exercise any one or all of them at the request of the Bank.

                        SECTION 6.02  Cash Cover.  If any Event of Default shall have occurred
and be continuing, the Borrower shall, if requested by the Bank, pay to the Bank an amount in immediately available funds (which funds shall be held as collateral pursuant to arrangements satisfactory to the Bank) equal to the aggregate Undrawn Amounts, provided
that, if any Event of Default specified in clause (g) or (h) above occurs with respect to the Borrower, the Borrower shall be obligated to pay such amount to the Bank forthwith without any notice to the Borrower or any other act by the Bank.

ARTICLE VII

CHANGE IN CIRCUMSTANCES; COMPENSATION

SECTION 7.01.  Basis for Determining Interest Rate Inadequate or Unfair.  If on or prior to the first day of any Interest Period:

(a)        the Bank determines that deposits in Dollars (in the applicable amounts) are not being offered in the relevant market for such Interest Period, or

(b)        the Bank determines that the London Interbank Offered Rate will not adequately and fairly reflect the cost to the Bank of funding a Euro-Dollar Loan for such Interest
Period,

the Bank shall forthwith give notice thereof to the Borrower, whereupon until the Bank notifies the Borrower that the circumstances giving rise to such suspension no longer exist, the obligation of the Bank to make a
Euro-Dollar Loan shall be suspended.  Unless the Borrower notifies the Bank before a Euro-Dollar Advance is disbursed that it elects not to borrow such Euro-Dollar Advance, such borrowing shall instead be made as a Base Rate Advance.

SECTION 7.02.  Illegality.  If, after the date hereof, the adoption of any applicable law, rule or regulation, or any change in any existing or future law, rule or regulation, or any change in the
interpretation or administration thereof by any governmental authority, central bank or comparable agency charged with the interpretation or administration thereof (any such authority, bank or agency being referred to as an “Authority” and any such event
being referred to as a “Change of Law”), or compliance by the Bank (or its Lending Office) with any request or directive (whether or not having the force of law) of any Authority shall make it unlawful or impossible for the Bank (or its Lending Office) to
make, maintain or fund its Euro-Dollar Loan, the Bank shall forthwith give notice thereof to the Borrower, whereupon until the Bank notifies the Borrower that the circumstances giving rise to such suspension no longer exist, the obligation of the Bank to make the
Euro-Dollar Loan shall be suspended.  Before giving any notice pursuant to this Section, the Bank shall designate a different Lending Office if such designation will avoid the need for giving such notice and will not, in the judgment of the Bank, be otherwise
disadvantageous to the Bank.  If the Bank shall determine that it may not lawfully continue to maintain and fund any of its outstanding Euro-Dollar Loan to maturity and shall so specify in such notice, the Borrower shall immediately prepay in full the then
outstanding principal amount of each Euro-Dollar Loan of the Bank, together with accrued interest thereon.  Concurrently with prepaying each such Euro-Dollar Loan, the Borrower shall borrow a Base Rate Loan in an equal principal amount from the Bank, and the
Bank shall make such a Base Rate Loan.

SECTION 7.03.  Increased Cost and Reduced Return.  (a) If after the date hereof, a Change of Law or compliance by the Bank (or its Lending Office) with any request or directive (whether or not having
the force of law) of any Authority:

(i)         shall subject the Bank (or its Lending Office) to any tax, duty or other charge with respect to its Euro-Dollar Loan, its Note or its obligation to make a Euro-Dollar Loan,
or shall change the basis of taxation of payments to the Bank (or its Lending Office) of the principal of or interest on its Euro-Dollar Loan or any other amounts due under this Agreement in respect of its Euro-Dollar Loan or its obligation to make the Euro-Dollar
Loan (except for changes in the rate of tax on the overall net income of the Bank or its Lending Office imposed by the jurisdiction in which the Bank’s principal executive office or Lending Office is located); or

(ii)        shall impose, modify or deem applicable any reserve, special deposit or similar requirement (including, without limitation, any such requirement imposed by the Board of Governors
of the Federal Reserve System, but excluding with respect to the Euro-Dollar Loan any such requirement included in an applicable Euro-Dollar Reserve Percentage) against assets of, deposits with or for the account of, or credit extended by, any Bank (or its Lending
Office); or

(iii)       shall impose on the Bank (or its Lending Office) or on the London interbank market any other condition affecting the Euro-Dollar Loan, its Note or its obligation to make Euro-Dollar
Loan;

and the result of any of the foregoing is to increase the cost to the Bank (or its Lending Office) of making or maintaining any Euro-Dollar Loan, or to reduce the amount of any sum received or receivable by the Bank (or its
Lending Office) under this Agreement or under the Note with respect thereto, by an amount deemed by the Bank to be material, then, within 15 days after demand by the Bank, the Borrower shall pay to the Bank such additional amount or amounts as will compensate
the Bank for such increased cost or reduction.

(b)        If the Bank shall have determined that after the date hereof the adoption of any applicable law, rule or regulation regarding capital adequacy, or any change in any existing or
future law, rule or regulation, or any change in the interpretation or administration thereof, or compliance by the Bank (or its Lending Office) with any request or directive regarding capital adequacy (whether or not having the force of law) of any Authority, has or
would have the effect of reducing the rate of return on the Bank’s capital as a consequence of its obligations hereunder to a level below that which the Bank could have achieved but for such adoption, change or compliance (taking into consideration the
Bank’s policies with respect to capital adequacy) by an amount deemed by the Bank to be material, then from time to time, within 15 days after demand by the Bank, the Borrower shall pay to the Bank such additional amount or amounts as will compensate the
Bank for such reduction.

(c)        The Bank will promptly notify the Borrower of any event of which it has knowledge, occurring after the date hereof, which will entitle the Bank to compensation pursuant to this
Section and will designate a different Lending Office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the judgment of the Bank, be otherwise disadvantageous to the Bank.  A certificate of the Bank claiming
compensation under this Section and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error.  In determining such amount, the Bank may use any reasonable averaging and attribution
methods.

(d)        The provisions of this Section 7.03 shall be applicable with respect to any participant, assignee or other Transferee, and any calculations required by such provisions shall be
made based upon the circumstances of such participant, assignee or other Transferee.

SECTION 7.04.  Base Rate Loan Substituted for Euro-Dollar Loan.  If (i) the obligation of the Bank to make or maintain a Euro-Dollar Loan has been suspended pursuant to Section 7.02 or (ii) the
Bank has demanded compensation under Section 7.03, and the Borrower shall, by at least 5 Euro-Dollar Business Days’ prior notice to the Bank, have elected that the provisions of this Section shall apply to the Bank, then, unless and until the Bank notifies the
Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply the Loan which would otherwise be a Euro-Dollar Loan shall be instead a Base Rate Loan.  In the event that the Borrower shall elect that the provisions of
this Section shall apply, the Borrower shall remain liable for, and shall pay to the Bank as provided herein, all amounts due the Bank under Section 7.03 in respect of the period preceding the date of conversion of the Bank’s Loan resulting from the
Borrower’s election.

ARTICLE VIII

MISCELLANEOUS

SECTION 8.01.  Notices.  All notices, requests and other communications to any party hereunder shall be in writing (including facsimile transmission or similar writing) and 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.  Each such notice, request or other communication shall be
effective (i) if given by telecopier, when such telecopy is transmitted to the telecopy number specified in this Section and the telecopy machine used by the sender provides a written confirmation that such telecopy has been so transmitted or receipt of such telecopy
transmission is otherwise confirmed, (ii) if given by mail, 72 hours after such communication is deposited in the mails with first class postage prepaid, addressed as aforesaid, and (iii) if given by any other means, when delivered at the address specified in
this Section; provided that notices to the Bank under Article II or Article VIII shall not be effective until received.

SECTION 8.02.  No Waivers.  No failure or delay by the Bank in exercising any right, power or privilege hereunder or under the Note or other Loan Document shall operate as a waiver thereof nor shall any
single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.  The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by
law.

SECTION 8.03.  Expenses; Documentary Taxes; Indemnification.  (a) The Borrower shall pay (i) all out-of-pocket expenses of the Bank, including fees and disbursements of special counsel for the Bank, in
connection with the preparation of this Agreement and the other Loan Documents, any waiver or consent hereunder or thereunder or any amendment hereof or thereof or any Default or alleged Default hereunder or thereunder and (ii) if a Default occurs, all out-of-pocket
expenses incurred by the Bank, including fees and disbursements of counsel, in connection with such Default and collection and other enforcement proceedings resulting therefrom, including out-of-pocket expenses incurred in enforcing this Agreement and the other Loan
Documents. 

(b)        The Borrower shall indemnify the Bank against any transfer taxes, documentary taxes, assessments or charges made by any Authority by reason of the execution and delivery of this
Agreement or the other Loan Documents.

(c)        The Borrower shall indemnify the Bank and each Affiliate thereof and their respective directors, officers, employees and agents from, and hold each of them harmless against, any
and all losses, liabilities, claims or damages to which any of them may become subject, insofar as such losses, liabilities, claims or damages arise out of or result from any actual or proposed use by the Borrower of the proceeds of any extension of credit by the
Bank hereunder or breach by the Borrower of this Agreement or any other Loan Document or from investigation, litigation (including, without limitation, any actions taken by the Bank to enforce this Agreement or any of the other Loan Documents) or other proceeding
(including, without limitation, any threatened investigation or proceeding) relating to the foregoing, and the Borrower shall reimburse the Bank, and each Affiliate thereof and their respective directors, officers, employees and agents, upon demand for any expenses
(including, without limitation, legal fees) incurred in connection with any such investigation or proceeding; but excluding any such losses, liabilities, claims, damages or expenses incurred by reason of the gross negligence or willful misconduct of the Person to be
indemnified.

SECTION 8.04.  Setoffs.  The Borrower hereby grants to the Bank, as security for the full and punctual payment and performance of the obligations of the Borrower under this Agreement, a continuing lien
on and security interest in all deposits and other sums credited by or due from the Bank to the Borrower or subject to withdrawal by the Borrower; and regardless of the adequacy of any collateral or other means of obtaining repayment of such obligations, the Bank may
at any time upon or after the occurrence of any Event of Default, and without notice to the Borrower, set off the whole or any portion or portions of any or all such deposits and other sums against such obligations, whether or not any other Person or Persons could
also withdraw money therefrom.

SECTION 8.05.  Amendments and Waivers.  Any provision of this Agreement, the Note or any other Loan Documents may be amended or waived if, but only if, such amendment or waiver is in writing and is
signed by the Borrower and the Bank.

SECTION 8.06.  Successors and Assigns.  (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns;
provided that the Borrower may not assign or otherwise transfer any of its rights under this Agreement.

(b)        Subject to the provisions of Section 8.07, the Borrower authorizes each Bank to disclose to any participant, assignee or other transferee (each a “Transferee”) and
any prospective Transferee any and all financial and other information in such Bank’s possession concerning the Borrower which has been delivered to the Bank by the Borrower pursuant to this Agreement or which has been delivered to such Bank by the Borrower in
connection with such Bank’s credit evaluation prior to entering into this Agreement.

(c)        No Transferee shall be entitled to receive any greater payment under Section 7.03 than the transferor Bank would have been entitled to receive with respect to the rights
transferred, unless such transfer is made with the Borrower’s prior written consent or by reason of the provisions of Section 7.02 or 7.03 requiring such Bank to designate a different Lending Office under certain circumstances or at a time when the
circumstances giving rise to such greater payment did not exist.

SECTION 8.07.  Confidentiality.  The Bank agrees to exercise its best efforts to keep any information delivered or made available by the Borrower to it which is clearly indicated to be confidential
information, confidential from anyone other than persons employed or retained by the Bank who are or are expected to become engaged in evaluating, approving, structuring or administering the Loan; provided, however, that nothing herein shall prevent the
Bank from disclosing such information (i) upon the order of any court or administrative agency, (ii) upon the request or demand of any regulatory agency or authority having jurisdiction over the Bank, (iii) which has been publicly disclosed, (iv) to the extent
reasonably required in connection with any litigation to which the Bank or its Affiliates may be a party, (v) to the extent reasonably required in connection with the exercise of any remedy hereunder, (vi) to the Bank’s legal counsel, Affiliates and independent
auditors and (vii) to any actual or proposed participant, assignee or other Transferee of all or part of its rights hereunder which has agreed in writing to be bound by the provisions of this Section 8.07.

SECTION 8.08.  Survival of Certain Obligations.  Sections 7.03(a), 7.03(b) and 8.03, and the obligations of the Borrower thereunder, shall survive, and shall continue to be enforceable
notwithstanding, the termination of this Agreement and the Commitment and the payment in full of the principal of and interest on the Loan.

SECTION 8.09.  North Carolina Law.  This Agreement and the Note shall be construed in accordance with and governed by the law of the State of North Carolina.

SECTION 8.10.  Severability.  In case any one or more of the provisions contained in this Agreement, the Note or any of the other Loan Documents should be invalid, illegal or unenforceable in any
respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby and shall be enforced to the greatest extent permitted by law.

SECTION 8.11.  Interest.  In no event shall the amount of interest due or payable hereunder or under the Note exceed the maximum rate of interest allowed by applicable law, and in the event any such
payment is inadvertently made to the Bank by the Borrower or inadvertently received by the Bank, then such excess sum shall be credited as a payment of principal, unless the Borrower shall notify the Bank in writing that it elects to have such excess sum returned
forthwith.  It is the express intent hereof that the Borrower not pay and the Bank not receive, directly or indirectly in any manner whatsoever, interest in excess of that which may legally be paid by the Borrower under applicable law.

SECTION 8.12.  Interpretation.  No provision of this Agreement or any of the other Loan Documents shall be construed against or interpreted to the disadvantage of any party hereto by any court or other
governmental or judicial authority by reason of such party having or being deemed to have structured or dictated such provision.

SECTION 8.13.  Consent to Jurisdiction.  The Borrower (a) and the Bank irrevocably waive, to the fullest extent permitted by law, any and all right to trial by jury in any legal proceeding arising out
of this Agreement, any of the other Loan Documents, or any of the transactions contemplated hereby or thereby, (b) submits to personal jurisdiction in the State of North Carolina, the courts thereof and the United States District Courts sitting therein, for the
enforcement of this Agreement, the Note and the other Loan Documents, (c) waives any and all personal rights under the law of any jurisdiction to object on any basis (including, without limitation, inconvenience of forum) to jurisdiction or venue within the State of
North Carolina for the purpose of litigation to enforce this Agreement, the Note or the other Loan Documents, and (d) agrees that service of process may be made upon it in the manner prescribed in Section 8.01 for the giving of notice to the Borrower.  Nothing
herein contained, however, shall:  (i) prevent the Bank from bringing any action or exercising any rights against any security and against the Borrower personally, and against any assets of the Borrower, within any other state or jurisdiction; or (ii) affect the
right to serve legal process in any other manner permitted by law.

SECTION 8.14.  Counterparts.  This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the
same instrument.

SECTION 8.15.  Florida Taxes.  In connection with this transaction there may or may not be due certain documentary stamp taxes and/or intangible taxes imposed by the State of Florida (the “Florida
Taxes”).  In addition to (and not in limitation of) the indemnification with respect to tax liabilities set forth herein, the Borrower agrees to indemnify the Bank, its directors, officers, agents and employees from and against any and all liability,
damage, loss, cost, expense or reasonable attorney fees which may accrue to or be sustained by the Bank or its directors, officers, agents or employees on account of or arising from any claim or action raised by, filed or brought by or in the name of any Florida
governmental or administrative department with respect to non-payment of the Florida Taxes against the Bank, or any of its directors, officers, agents or employees.

SECTION 8.16.  Arbitration; Preservation and Limitation of Remedies.  (a) Upon demand of any party hereto, whether made before or after institution of any judicial proceeding, any dispute, claim or
controversy arising out of, connected with or relating to this Agreement or any other Loan Document (“Disputes”) between or among the Borrower, its Subsidiaries, the Bank, or any of them, shall be resolved by binding arbitration as provided herein. 
Institution of a judicial proceeding by a party does not waive the right of that party to demand arbitration hereunder.  Disputes may include, without limitation, tort claims, counterclaims, claims brought as class actions, claims arising from documents executed
in the future, disputes as to whether a matter is subject to arbitration, or claims arising out of or connected with the transactions contemplated by this Agreement and the other Loan Documents.  Arbitration shall be conducted under and governed by the
Commercial Financial Disputes Arbitration Rules (the “Arbitration Rules”) of the American Arbitration Association (the “AAA”), as in effect from time to time, and the Federal Arbitration Act, Title 9 of the U.S. Code, as amended.  All
arbitration hearings shall be conducted in the city in which the principal office of the Bank is located.  A hearing shall begin within ninety (90) days of demand for arbitration and all hearings shall be concluded within 120 days of demand for
arbitration.  These time limitations may not be extended unless a party shows cause for extension and then for no more than a total of sixty (60) days.  The expedited procedures set forth in Rule 51 et seq. of the Arbitration Rules shall be applicable to
claims of less than $1,000,000.  All applicable statutes of limitation shall apply to any Dispute.  A judgment upon the award may be entered in any court having jurisdiction.  The panel from which all arbitrators are selected shall be comprised of
licensed attorneys selected from the Commercial Financial Dispute Arbitration Panel of the AAA.  The single arbitrator selected for expedited procedure shall be a retired judge from the highest court of general jurisdiction, state or federal, of the state where
the hearing will be conducted.  The parties do not waive applicable federal or state substantive law except as provided herein.

(b)        Notwithstanding the preceding binding arbitration provisions, the parties hereto agree to preserve, without diminution, certain remedies that any party hereto may employ or
exercise freely, either alone, in conjunction with or during a Dispute.  Any party hereto shall have the right to proceed in any court of proper jurisdiction or by self-help to exercise or prosecute the following remedies, as applicable: (i) obtaining
provisional or ancillary remedies, including injunctive relief, sequestration, garnishment, attachment, appointment of a receiver and filing an involuntary bankruptcy proceeding; and (ii) when applicable, a judgment by confession of judgment. Any claim or controversy
with regard to any party’s entitlement to such remedies is a Dispute.  Preservation of these remedies does not limit the power of an arbitrator to grant similar remedies that may be requested by a party in a Dispute. The parties hereto agree that no party
shall have a remedy of punitive or exemplary damages against any other party in any Dispute, and each party hereby waives any right or claim to punitive or exemplary damages that it has now or that may arise in the future in connection with any Dispute, whether such
Dispute is resolved by arbitration or judicially.  The parties acknowledge that by agreeing to binding arbitration they have irrevocably waived any right they may have to a jury trial with regard to a Dispute.  The Borrower agrees to pay the reasonable fees
and expenses of counsel to the Bank in connection with any Dispute subject to arbitration as provided herein.

[The remainder of this page intentionally left blank.]

                        IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed,
under seal, by their respective authorized officers as of the day and year first above written.

OUTBACK STEAKHOUSE, INC.

By: ________________________________(SEAL)

            Robert S. Merritt, Treasurer

                                                           
Outback Steakhouse, Inc.

                                                           
2202 North Westshore Blvd., 5th Floor

                                                           
Tampa, Florida 33607

Attention:  Robert S. Merritt

Senior Vice President, Chief Financial Officer

and Treasurer

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

Senior Vice President, General Counsel and Secretary

Telecopy number:         (813) 281-2114

Telephone number:       (813) 282-1225

[The remainder of this page intentionally left blank.]

                                                           
WACHOVIA BANK, NATIONAL ASSOCIATION

By: _______________________________ (SEAL)

            Lynn E. Culbreath, Senior Vice President

Lending Office

Wachovia Bank, National Association

10 South Jefferson Street, VA7391

Roanoke, VA  24011

with a copy to:

Wachovia Bank, National Association

100 South Ashley Drive, FL4050

Suite 1000

Tampa, Florida  33602

Attention:  Lynn E. Culbreath

Senior Vice President

Telecopy number:  (813) 276-6454

Telephone number:  (813) 276-6517Ex 4 83 T-Bird Loan Agreement

AMENDED AND RESTATED

LOAN AGREEMENT

dated as of February 6, 2001

between

T-BIRD NEVADA, LLC

and

BANK OF AMERICA, N.A.

Table of Contents

                                                                                                                                               
Page

ARTICLE 1 Definitions............................................................................................................. 2

1.1      Background.............................................................................................................. 2

1.2      Definitions.................................................................................................................. 2

1.3      Other Definitional Provisions......................................................................... 9

ARTICLE 2 The Facility........................................................................................................... 9

2.1      Facility Commitment............................................................................................ 9

2.2      Note................................................................................................................................ 9

2.3      Term................................................................................................................................ 9

2.4      Loan Commitment Fee........................................................................................... 9

2.5      Non Usage Fee.......................................................................................................... 10

2.6      Use of Proceeds...................................................................................................... 10

2.7      Prepayment.............................................................................................................. 10

2.8      Borrower's Accounts......................................................................................... 10

ARTICLE 3 Representations and Warranties........................................................... 10

3.1      Organizational Status...................................................................................... 11

3.2      Power and Authority.......................................................................................... 11

3.3      Corporate Status of Guarantor.................................................................. 11

3.4      Financial Information...................................................................................... 11

3.5      No Liens...................................................................................................................... 12

3.6      Liabilities................................................................................................................... 12

3.7      Litigation.................................................................................................................. 12

3.8      Tax Returns.............................................................................................................. 12

3.9      Contract or Restriction Affecting Borrower..................................... 13

3.10    Patents and Trademarks.................................................................................. 13

3.11    Governmental Approval.................................................................................. 13

3.12    Regulation U............................................................................................................ 13

3.13    Securities Law......................................................................................................... 14

3.14    Environmental Matters.................................................................................... 14

3.15    No Untrue Statements........................................................................................ 14

ARTICLE 4 Affirmative Covenants of Borrower................................................... 15

4.1      Information............................................................................................................ 15

4.2      Payment of Obligations.................................................................................... 15

4.3      Maintenance of Property; Insurance........................................................ 15

4.4      Conduct of Business and Maintenance of Existence........................ 16

4.5      Inspection of Property, Books and Records.......................................... 16

4.6      Licenses and Permits, Etc.................................................................................. 16

4.7      Advice Regarding Changes............................................................................... 16

4.8      Advice Regarding Litigation........................................................................... 16

4.9      Maintenance of Property................................................................................ 16

4.10    Further Assurances............................................................................................ 17

4.11    Observe All Laws.................................................................................................. 17

4.12    ERISA Requirement................................................................................................. 17

4.13    Bank Accounts...................................................................................................... 17

ARTICLE 5 Affirmative Covenant of Guarantor................................................... 17

ARTICLE 6 Negative Covenants....................................................................................... 18

6.1      Additional Indebtedness or Liens................................................................ 18

6.2      Extend Credit.......................................................................................................... 18

6.3      Merger or Consolidation................................................................................ 18

6.4      Transfer of Assets; Other Business Changes......................................... 18

6.5      Transfer or Encumbrance of Interests in the Borrower............... 18

ARTICLE 7 Conditions Precedent................................................................................... 19

7.1      Closing....................................................................................................................... 19

7.2      Conditions Precedent to the Closing........................................................ 19

ARTICLE 8 Default.................................................................................................................. 20

8.1      Events of Default................................................................................................. 20

8.2      Remedies..................................................................................................................... 22

ARTICLE 9 Advances Under the Facility..................................................................... 24

9.1      Requests for Advance........................................................................................ 24

9.2      Conditions to Advance..................................................................................... 24

ARTICLE 10 Miscellaneous................................................................................................. 25

10.1    Waiver of Default................................................................................................ 25

10.2    Amendments and Waivers................................................................................. 25

10.3    Notices....................................................................................................................... 26

10.4    No Waiver; Cumulative Remedies................................................................... 26

10.5    Survival of Representations Warranties and Covenants............. 26

10.6    Liens, Set Off by Bank......................................................................................... 27

10.7    No Third Party Beneficiaries........................................................................... 27

10.8    Florida Law.............................................................................................................. 27

10.9    Paragraph Headings............................................................................................ 27

10.10  Gender; Etc,.............................................................................................................. 27

10.11  Severability............................................................................................................. 27

10.12  Reimbursement of Expenses............................................................................. 28

10.13  Stamp or Other Taxes.......................................................................................... 28

10.14  Participation Rights............................................................................................ 28

10.15  Further Assurances............................................................................................ 29

10.16  Execution in Counterparts............................................................................. 29

10.17  Confidentiality..................................................................................................... 29

10.18  Waiver of Jury Trial............................................................................................ 29

AMENDED AND RESTATED

LOAN AGREEMENT

            THIS AMENDED AND RESTATED LOAN AGREEMENT, dated as of the 6th day of February, 2001 (the "Closing Date"), is made and executed by and between BANK
OF AMERICA, N.A., a national banking association, and its successors and assigns (collectively, the "Bank"), and T‐BIRD NEVADA, LLC, a Nevada limited liability company (the "Borrower"). OUTBACK STEAKHOUSE, INC., a Delaware
corporation (the "Guarantor"), has joined in the execution of this Agreement for the purposes set forth herein.

BACKGROUND

Borrower engages in the business of selecting sites for and constructing improvements to be operated as Outback Steakhouse restaurants in the State of California and leasing them to franchisees of the Guarantor for operation.

Barnett Bank, N.A., who has merged in the Bank, established a $25,000,000 non-revolving line of credit facility in favor of Borrower (the "Existing Credit Facility") pursuant to a loan agreement dated March 17, 1997 (the "Existing Loan Agreement").

Borrower has requested Bank to increase the amount of the Existing Credit Facility from $25,000,000 to $35,000,000 and to revise certain other terms and conditions of the Existing Credit Facility that is evidenced by the Existing Loan Agreement.

The Bank has agreed to make a $35,000,000 revolving line of credit facility (the "Facility") available to Borrower, so as to provide a source of funds to permit Borrower to rake loans to Restaurant Operators (as hereinafter defined), in order that such
Restaurant Operators and acquire fee simple or leasehold interests in land located in various cities in the State of California, and construct "Outback Steakhouse" restaurants thereon.

To evidence the Facility, the Borrower has of even date herewith executed and delivered to the Bank a certain Amended and Restated Promissory Note in the principal amount of $35,000,000.00 (the "Note").

As a condition to the agreement of the Bank to provide the Facility, Guarantor has of even date herewith executed and delivered to the Bank a certain

Amended and Restated Guaranty Agreement guaranteeing the full payment and performance of all of the Borrower's obligations under the Note and this Agreement.

            NOW, THEREFORE, for and in consideration of the premises, the mutual covenants and agreements contained herein, and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the Bank and the Borrower hereby agree as follows:

OPERATIVE PROVISIONS

ARTICLE 1

Definitions

1.1 Background. 

The Borrower and the Bank acknowledge and agree that the recitals set forth above (the "Background") are true and correct, and the Background and the instruments referred to therein are incorporated and made a part
of this Agreement.

1.2Definitions. 

As used in this Agreement, the following terms shall have the meanings set forth below:

1.2.1"Advances" shall mean advances of portions of the Facility, each of which will be evidenced by the Note.

1.2.2"Affiliate" shall mean any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Borrower.  The term "control" means the power to direct the
management and policies of the Borrower, whether through the ownership of voting securities, by contract or otherwise, and the terms "controlling" and "controlled" have meanings correlative to the foregoing.

1.2.3"Agreement" shall mean this Amended and Restated Loan Agreement, as the same may be amended, supplemented or modified, in writing, from time to time.

1.2.4"Applicable Margin" means the following per annum percentages applicable to the Facility and Non-Usage Fee.

	
Applicability

	
Facility Interest Rate

	
Non-Usage Fee

	
(i)        If Guarantor’s ratio of Consolidated Debt to EBITDA is greater than 1.5 to 1.0

	
0.95%

	
0.25%

	
(ii)       If Guarantor’s ratio of Consolidated Debt to EBITDA is less than 1.5 to 1.0 but greater than 1.0 to 1.0

	
0.70%

	
0.20%

	
(iii)     If Guarantor’s ratio of Consolidated Debt to EBITDA is equal to or less than 1.0 to 1.0

	
0.575%

	
0.175%

            The Applicable Margin payable by the Borrower as set forth in the table above shall be reduced or increased as applicable on a quarterly basis according to
the performance of the Guarantor as tested by Guarantor's ratio of Debt to EBITDA.  If the financial statements of the Guarantor setting forth its ratio of Debt to EBITDA are not received by Bank on the date required by the Outback Loan Agreement, the Applicable
Margin shall be determined as if Guarantor’s ratio of Debt to EBITDA is greater than 1.5 to 1.0 for such fiscal quarter of Guarantor, until such time as the financial statements that are required by the Outback Loan Agreement are received by Bank.

1.2.5"Bank" shall mean Bank of America, N.A, a national banking association, its successors and assigns.

1.2.6"Borrower" shall mean T‐Bird Nevada, LLC, a Nevada limited liability company, its permitted successors and assigns.

1.2.7"Building" shall mean an individual building constructed and/or to be constructed by a Restaurant Operator in which an Outback Steakhouse restaurant will be operated.

1.2.8"Business Day" shall mean any day other than a Saturday, Sunday or other day on which commercial banks in the State of Florida are authorized or required by law to close.

1.2.9"Closing" is defined in Section 7.1.

1.2.10"Code"shall mean the Internal Revenue Code of 1986, as amended from time to time.

1.2.11"Commitment" shall mean the obligation of the Bank to make Advances pursuant to the terms and subject to the conditions hereto.

1.2.12"Commitment Period" shall mean the period from and including the date of this Agreement to the Maturity Date or such earlier date as the Commitment shall terminate as provided herein.

1.2.13"Consolidated Interest Expense" for any period means interest, whether expenses or capitalized, in respect of Debt of the Guarantor or any of its Consolidated Subsidiaries outstanding during such
period.

1.2.14"Consolidated Subsidiary" shall mean at any date any Subsidiary of the Guarantor or other entity the accounts of which would be consolidated with those of the Guarantor in its consolidated financial statements
as of such date.

1.2.15"Consolidated Total Debt" shall mean, at any date, the Debt of the Guarantor and its Consolidated Subsidiaries, determined on a consolidated basis as of such date.

1.2.16"Cost Breakdown" shall mean, in connection with each Building comprising a portion of the Improvements, a certified listing of all impact fees and permits and all hard costs (e.g., costs for labor, materials
and fixtures, but excluding restaurant equipment and the cost associated with the real property or ground lease thereof) incurred in the construction of such Building ("Construction Costs").

1.2.17"Debt" of any Person shall mean, at any date, without duplication, (I) all obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other
similar instruments, (iii) all obligations of such Person to pay the deferred purchase price of property or services, except trade accounts payable arising in the ordinary course of business, (iv) all obligations of such Person as lessee under capital leases, (v) all
obligations of such Person to reimburse any bank or other Person in respect of amounts payable under a banker's acceptance, (vi) all Redeemable Preferred Stock of such Person (in the event such Person is a corporation), (vii) all obligations (absolute or contingent)
of such Person to reimburse any bank or other Person in respect of amounts paid under a letter of credit or similar instrument, (viii) all Debt of others secured by a lien on any asset of such Person, whether or not such Debt is assumed by such Person, (ix) all debt
of others Guaranteed by such Person, (x) Synthetic Lease Indebtedness; (xi) all indebtedness, liabilities and obligations of such Person in connection with or arising from asset securitizations, including, without limitation, Securitization Facility Attributed Debt;
and (xii) all obligations of such Person with respect to interest rate protection agreements, foreign currency exchange agreements or other hedging agreements (valued as the termination value thereof computed in accordance with a method approved by the International
Swap Dealers Association and agreed to by such Person in the applicable hedging agreement, if any ).

1.2.18"Default" shall mean any of the events specified in Section 7.1, whether or not any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

1.2.19"Depreciation and Amortization" means for any period the sum of all depreciation and amortization expenses of the Borrower and its Consolidated subsidiaries for such period, as determined in accordance with
GAAP.

1.2.20"EBITDA" shall mean for any period the sum of : (a) Consolidated Net Income, plus (b) the amount deducted in determining Consolidated Net Income for such period for (i) taxes on income, (ii) Consolidated
Interest Expense, and (iii) Depreciation and Amortization, all determined with respect to the Guarantor and its Consolidated Subsidiaries on a consolidated basis for such period and in accordance with GAAP.  In determining EBITDA for any period, (i) any
Consolidated Subsidiary acquired during such period by the Guarantor or any other Consolidated Subsidiary shall be included on a pro forma, historical basis as if it had been a Consolidated Subsidiary during such entire period, (ii) any amounts which would be
included in a determination of EBITDA for such period with respect to assets acquired during such period by the Guarantor or any Consolidated Subsidiary shall be included in the determination of EBITDA for such period and the amount thereof shall be calculated on a
pro forma, historical basis as if such assets had been acquired by the Guarantor or such Consolidated Subsidiary prior to the first day of such period, (iii) any Consolidated Subsidiary sold during such period by the Guarantor or any other Consolidated Subsidiary
shall be excluded as if it had not been a Consolidated Subsidiary at any time during such period, and (iv) any amounts which would be otherwise included in a determination of EBITDA for such period with respect to assets sold or otherwise disposed of during such
period by the Guarantor or any Consolidated subsidiary shall be excluded in the determination of EBITDA for such period and the amount excluded shall be calculated as if such assets had been sold or otherwise disposed of by the Guarantor or such Consolidated
Subsidiary prior to the first day of such period.

1.2.21 "Environmental Laws" shall mean any of the Water Pollution Control Act, the Resource Conservation and Recovery Act, the Comprehensive Environmental Response, Compensation and Liability Act of 1980 ("CERCLA" or
"Superfund Act"), the Superfund Amendments and Reauthorization Act, the Toxic Substances Control Act, the Clear Air Act, or any similar laws imposing liability on any person for the generation, storage, impoundment and disposal, discharge, treatment, release,
seepage, emission, transportation or destruction of any Hazardous Waste or of any garbage, sewage, effluent, smoke, dust or any other form of pollution (whether or not denominated as a Hazardous Waste), as the same may be amended from time to time, and any rules,
regulations, or administrative orders thereunder and any state statutes, laws, rules, regulations or administrative orders addressing the same or similar subject as the foregoing federal laws.

1.2.22"ERISA" shall meanthe Employee Retirement Income Security Act of 1974, as amended from time to time.

1.2.23"Event of Default" shall mean any of the events specified in Section 7.1, provided that any requirement for the giving of notice, the lapse of time, or both, has been satisfied.

1.2.24"Facility" is defined in the preamble.

1.2.25"Floating LIBO Rate" shall have the meaning ascribed to such term in the Note.

1.2.26"GAAP" shall mean generally accepted accounting principles in effect at the time of any determination thereof, consistently applied.

1.2.27"Governmental Authority" shall mean any municipal, county, state or federal governmental authority or other governmental authority (domestic or foreign) having or claiming jurisdiction over the relevant portion
of the Property, the Improvements, the Bank, the Guarantor, the Borrower, or any Restaurant Operator.

1.2.28"Guarantor" shall mean Outback Steakhouse, Inc., a Delaware corporation

1.2.29"Guaranty" shall mean that certain Amended and Restated Unconditional Guaranty Agreement executed and delivered by the Guarantor in favor of Bank in connection with the Loan.

1.2.30"Ground Lease" shall mean any ground lease now or hereafter entered by or a Restaurant Operator as lessee, granting to the lessee a leasehold interest in a site on which the Restaurant Operator constructs
Improvements.

1.2.31"Ground Lessor" shall mean the lessor under any Ground Lease.

1.2.32"Hazardous Waste" shall mean any hazardous, toxic or radioactive substance, materials or products as defined under any Environmental Laws, including, but not limited to, petroleum products, ammonia, chlorine,
derivatives of petroleum products, pesticides, asbestos and asbestos‐containing materials, and polychlorinated biphenyls (PCB's).

1.2.33"Improvements" shall mean all improvements to be constructed by a Restaurant Operator, consisting of the Building and parking and other amenities required therefor for operation by the Restaurant Operator as an
"Outback Steakhouse" restaurant.

1.2.34 "Leases" shall mean any lease between any Ground Lessor and any Restaurant Operator.

1.2.35"Loan Documents" shall mean, collectively, this Agreement, the Note and any other agreements, documents or instruments relating to the Facility, whether executed prior to, at or after the date hereof, as the
same may be amended, supplemented or modified, in writing, from time to time; and "Loan Document" shall mean any one of the foregoing.

1.2.36"Loan" is sometimes used herein to mean the Facility.

1.2.37"Maturity Date" shall mean December 31, 2004.

1.2.38"Maximum Commitment Facility" shall mean Thirty‐Five Million Dollars ($35,000,000.00).

1.2.39"Outback Loan Agreement" shall mean the Credit Agreement dated December 21, 1999, relating to the Outback Revolving Loan among Wachovia Bank, N.A., as agent, the other lenders that are parties thereto, and
Guarantor as may from time to time be amended or modified by the parties thereto.

1.2.40"Outback Revolving Loan" shall mean that certain revolving line of credit extended by Wachovia Bank, N.A. and the other lenders to the Guarantor pursuant to the Outback Loan Agreement and the note or notes
evidencing such revolving loan.

1.2.41"Participant" shall mean a Person to whom the Bank has sold a participating interest in the Facility, or some portion thereof, as permitted under Section 10.14.

1.2.42"Person" shall mean an individual, partnership, corporation, business trust, joint stock company, trust, unincorporated association, joint venture or any other entity or a government or any agency or political
subdivision thereof.

1.2.43"Property" shall mean collectively, or singly, as applicable, the real property in which a Restaurant Operator holds a fee or leasehold interest and which is or is intended to be used as a Restaurant
Location.

1.2.44"Redeemable Preferred Stock" of any Person means any preferred stock issued by such Person who is at any time prior to the Maturity Date either (i) mandatorily redeemable (by sinking fund or similar payments or
otherwise) or (ii) redeemable at the option of the holder thereof.

1.2.45"Related Loan Documents" shall mean all documents evidencing and/or securing any of the Related Loans.

1.2.46"Related Loans" shall mean all direct or contingent indebtedness or obligation of the Borrower and/or the Guarantor and/or any Affiliate of any of them, now or hereafter existing to the Bank, including, without
limitation, the Outback Revolving Loan and the T‐Bird LLC Loans.

1.2.47"Request for Advance" shall mean the Request for Advance in the form attached hereto as Exhibit "A," as the same may be amended from time to time, or in such other form or forms as the Bank may
require.

1.2.48"Restaurant Location" shall mean the Property and Improvements constitutingan Outback Steakhouse restaurant which is operated by a Restaurant Operator.

1.2.49"Restaurant Note" shall mean a promissory note executed by a Restaurant Operator to the order of the Borrower evidence a loan from the Borrower to the Restaurant Operator for the development of a Restaurant
Location.

1.2.50"Restaurant Operator" shall mean the maker under any Restaurant Note, which shall be a franchisee of Guarantor and an Affiliate of the Borrower and/or the Guarantor.

1.2.51"Subsidiary" shall mean (i) any corporation of which more than fifty percent (50%) of the outstanding shares of stock of each class having ordinary voting power (other than stock having such power only by
reason of the happening of a contingency) is at the time owned by the Borrower or by one or more of its Subsidiaries, or by the Borrower and one or more of its Subsidiaries or (ii) any partnership in which the Borrower or one or more of its
Subsidiaries, or the Borrower and one or more of its Subsidiaries own more than fiftypercent (50%) of the capital or profits interest thereof.

1.2.52"Synthetic Lease Indebtedness" means the aggregate principal amount of all indebtedness incurred in connection with any Synthetic Lease Transaction which is secured, supported or serviced, directly or
indirectly , by any payments made by the Guarantor or any Subsidiary.

1.2.53"Synthetic Lease Transaction" means any transaction involving a synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing product, where such transaction is
considered borrowed money indebtedness for tax purposes but is classified as an operating lease in accordance with GAAP, and in respect of which transaction any Synthetic Lease Indebtedness is issued or incurred.

1.2.54"T‐Bird California" shall mean T‐Bird LLC, a California limited liability company.

1.2.55"T‐Bird LLC Loans" shall mean those six (6) loans, each in the original principal amount of $275,000.00, made by the Bank to T‐Bird California pursuant to the terms of a certain Loan Agreement dated
as of December 20, 1995.

1.3Other Definitional Provisions. 

All terms defined in or incorporated into this Agreement shall have the same defined meanings when used in the other Loan Documents or any certificate or other instrument made or delivered pursuant hereto unless the context
otherwise requires  Any accounting term used but not defined herein shall have the meaning given to it under GAAP.

ARTICLE 3

The Facility

2.1Facility Commitment. 

Upon the terms and subject to the conditions set forth in this Agreement, upon request by the Borrower, the Bank agrees to make Facility Advances to the Borrower from time to time during the Commitment Period in an
aggregate principal amount not to exceed the Maximum Commitment Facility. 

2.2Note. 

The Facility shall be evidenced by the Note.

2.3Term. 

The term of the Facility shall be for a period beginning with the date hereof and terminating on the Maturity Date.

2.4Loan Commitment Fee. 

The parties acknowledge that concurrently with the execution of this Agreement, Borrower shall pay to Bank a nonrefundable loan commitment fee of $30,000.00 (the "Commitment Fee").  The parties recognize and
agree that the Commitment Fee (i) was not and is not a charge for the use of money, but rather a purchase of the right to secure a loan of money on the part of Borrower, and (ii) was a material inducement for Bank to make the Loan and for having Bank ready, willing
and able to fund the Loan in accordance with the terms of the commitment letter dated November 28, 2000 from Bank to Borrower and this Agreement.  Borrower's payment of the Commitment Fee to Bank is and shall be in addition to all other payments (including
without limitation principal and interest) now or hereafter payable to Bank pursuant to the terms and conditions of the Note and the other Loan Documents.

2.5Non Usage Fee. 

In addition to the Commitment Fee required by Section 2.4 hereof, Borrower agrees to pay to Bank on a quarterly basis an unused commitment fee ("Non-Usage Fee") in the amount of the Applicable Margin percentage that is set
forth in definition of Applicable Margin in an amount equal to such Applicable Margin multiplied by the difference between the Maximum Commitment Facility and the average principal amount outstanding under the Facility for the proceeding quarter.

2.6Use of Proceeds. 

The proceeds of the Facility shall be used solely for the purpose of making loans to Restaurant Operators for use in acquiring interests in Property and constructing and equipping the Improvements constructed thereon for
use as a Restaurant Location.

2.7Prepayment. 

The Borrower may at any time prepay all or any portion of the indebtedness in accordance with the terms of the Note.

2.8Borrower's Accounts. 

The Borrower shall cause T‐Bird LLC to continue to maintain all of its existing accounts with the Bank.  In addition the Borrower shall establish a "Depository Account" with the Bank.  The Bank shall deposit
in the Depository Account all Advances under the Facility.  The Borrower shall cause all Restaurant Operators to directly deposit all payments under the Restaurant Notes into the Depository Account and shall deposit therein all other amounts required to make
payments on the Facility as provided in the Note.

ARTICLE 3

Representations and Warranties

            In order to induce the Bank to enter into this Agreement and to make the Facility available, the Borrower, as to matters pertaining to it, the Guarantor, as
to matters pertaining to it, represent and warrant to the Bank (which representations and warranties shall survive the delivery of the Note and the making of Advances) that:

3.1Organizational Status. 

The Borrower is a limited liability company duly organized, validly existing and in good standing under the laws of the State of Nevada, has the legal power and legal authority to own its property and carry on its business
as now being conducted and is duly qualified to do business in the States of Nevada and California and in every jurisdiction where qualification is necessary.

3.2Power and Authority. 

The Borrower is authorized under all applicable provisions of law to execute, deliver and perform pursuant to this Agreement and the other Loan Documents, and all actions on the part of the Borrower required for the lawful
execution, delivery and performance of this Agreement and the other Loan Documents have been duly taken.  Each of this Agreement and each of the other Loan Documents, upon the due execution and delivery thereof, will be the valid and enforceable instrument,
obligation or agreement of the Borrower in accordance with their respective terms, except as limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors' rights generally.  To the best of the Borrower's knowledge, neither the
execution and delivery of this Agreement or the other Loan Documents, nor the fulfillment of or compliance with their provisions and terms, will conflict with, or result in a breach of the terms, conditions or provisions of or constitute a violation of or default
under any applicable law, regulation, order, writ, or decree, or any agreement or instrument to which the Borrower is now a party, or create any security interest, chattel mortgage, lien or other encumbrance upon any of the property or assets of the Borrower pursuant
to the terms of any agreement or instrument to which the Borrower is a party or by which it is bound, except any in favor of the Bank expressly created by the Loan Documents.

3.3Corporate Status of Guarantor. 

The Guarantor is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware, has the corporate power and legal authority to own its property and carry on its business as now
being conducted and is duly qualified to do business in every jurisdiction where qualification is necessary.

3.4Financial Information. 

The Borrower represents and warrants that to the best of its knowledge and belief, there has been no material adverse change in the business, financial position, results of operations or prospects of the Borrower or its
Affiliates.  The Guarantor represents and warrants that to the best of its knowledge and belief, since September 30, 2000, there has been no material adverse change in the business, financial position, results of operations or prospects of the Guarantor and/or
its Consolidated Subsidiaries, considered as a whole.

3.5No Liens. 

There are no judgments, liens, encumbrances, or other security interests outstanding against the Borrower or any of the Borrower's property other than those disclosed to the Bank in connection with the Borrower's request
for the Facility.  There are no judgments, liens, encumbrances, or other security interests outstanding against the Guarantor or any of the Guarantor's property that would have a materially adverse effect on the financial condition of the Guarantor.

3.6Liabilities. 

The Borrower has not incurred any debts, liabilities, or obligations other than those disclosed to the Bank in connection with the Borrower's request for the Facility or those shown on the financial statements and/or the
notes thereto submitted to the Bank by the Borrower or those incurred in the ordinary course of business subsequent to the date of the financial statements.

3.7Litigation. 

There are no investigations, actions, suits or proceedings by any federal, state or local government body, agency or authority, or any political subdivisions thereof, or by any Person, pending, or to the knowledge of the
Borrower, threatened against the Borrower or the Guarantor or other proceedings to which the Borrower or the Guarantor is a party (including administrative or arbitration proceedings), (a) that are likely to result in any material adverse change in, or to have any
other material adverse effect on, the business or condition, financial orotherwise, of the Borrower or the Guarantor, or (b) that, whether or not the Borrower and/or the Guarantor is a party thereto, seek to restrain, enjoin, prohibit or obtain damages or
other relief with respect to the transactions contemplated by this Agreement.

3.8Tax Returns. 

The Borrower and the Guarantor have filed all tax returns required to be filed by it or them and have paid all taxes and assessments payable by it or them that have become due, other than those not yet delinquent.  The
Borrower and the Guarantor have each established reserves that are believed by the Borrower to be adequate for the payment of all federal and state income taxes not heretofore paid or closed by applicable statute.

3.9Contract or Restriction Affecting Borrower. 

The Borrower and the Guarantor are not a party to or bound by any contract or agreement or subject to any charter or other corporate restriction that materially and adversely affects or will materially and adversely affect
the business, properties or condition, financial or otherwise, of the Borrower or the Guarantor.

3.10Patents and Trademarks. 

The Borrower and/or each Restaurant Operator, as applicable, owns, possesses or has the right to use all patents; licenses, trademarks, trademark rights, trade names, trade name rights, copyrights, trade secrets and
proprietary and other confidential commercial information necessary to conduct its business as now conducted in all material respects, without known conflict with any patent, license, trademark, trade name, copyright or proprietary right of any other person, except
for conflicts which do not have a materially adverse effect on the Borrower or its business.

3.11Governmental Approval. 

The Borrower and the Guarantor are in compliance with all applicable laws and regulations of all governmental authorities, except where the failure to so be in compliance will not materially and adversely affect the
business, properties or condition, financial or otherwise, of the Borrower and the Guarantor.  Except as otherwise specified herein, no written approval of any federal, state or local governmental authority, or any political subdivision thereof, is necessary for
the Borrower and the Guarantor to carry out the terms of this Agreement or any of the other Loan Documents, and no consents or ,approvals are required in the making or performance of this Agreement or any of the other Loan Documents by the Borrower or the Guarantor's
execution, delivery and performance of the Guaranty Agreement.

3.12Regulation U. 

No part of the proceeds of the Facility will be used to purchase or carryor to reduce or retire any loan incurred to purchase or carry, any margin stocks (within the meaning of Regulation U of the Board of Governors
of the Federal Reserve System) or to extend credit to others for the purpose of purchasing or carrying any such margin stocks.  Neither the Borrower nor the Guarantor is engaged or will engage, as one of their important activities, in extending credit for the
purpose of purchasing or carrying such margin stocks.  If requested by the Bank, the Borrower will furnish or cause to be furnished to the Bank, in connection with the Facility, a statement in conformity with the requirements of Federal Reserve Form U‐1
referred to in Regulation U.  In addition, no part of the proceeds of the Facility will be used for the purchase of commodity future contracts (or margins therefor for short sales), or for any commodity not required for the normal raw material inventory of the
Borrower.

3.13Securities Law. 

No proceeds of the Facility will be used to acquire any security in any transaction that is subject to Sections 13 and 14 of the Securities Exchange Act of 1934, as amended.  Neither the Borrower nor the Guarantor is
an "investment company" or a company "controlled" by an "investment company" (within the meaning of the Investment Company Act of 1940, as amended).

3.14Environmental Matters. 

To the best of their respective knowledge, the Borrower and the Guarantor are in compliance with all provisions of the Environmental Laws, except where the failure to so be in compliance will not materially and adversely
affect the business, properties or condition, financial or otherwise, of the Borrower and the Guarantor.

3.14.2Neither the Borrower nor the Guarantor have received any assessment, notice of liability or notice of financial responsibility, and neither one of them has received any notice of any action, claim or proceeding to
determine such liability or responsibility, or the amount thereof, or to impose civil penalties with respect to a site listed on any federal or state listing of sites containing or believed to contain Hazardous Wastes.  Neither the Borrower nor the Guarantor has
received notification that any hazardous substances (as defined under CERCLA) that it has disposed of have been found in any site at which any governmental agency is conducting an investigation or other proceeding under any Environmental Law.

3.14.3To the best of the Borrower's and Guarantor's knowledge, no part of any of the Property or any property used by the Borrower or the Guarantor in its business or any building, structure or facility located thereon or
improvement thereto contains asbestos or polychlorinated biphenyls (PCB's); have electrical transformers, fluorescent light fixture ballasts or other equipment containing PCB's installed thereon or therein; is used for the handling, processing, storage or disposal of
Hazardous Wastes; or contain above‐ground or underground storage tanks or other storage facilities for Hazardous Wastes.

3.14.4No excise taxes have been imposed on the Borrower pursuant to Section 4611, 4661 or 4681 of the Code.

3.15No Untrue Statements. 

Neither this Agreement, nor any of the other Loan Documents, nor any other agreement, report, schedule, certification or instrument simultaneously with the execution of this Agreement delivered to the Bank by the Borrower
or any Guarantor, or by any officer thereof, contains any misrepresentation or untrue statement of any material fact or omits to state any material fact necessary to make any of such agreements, reports, schedules, certificates or instruments not misleading in any
material respect.

ARTICLE 4

Affirmative Covenants of Borrower

            The Borrower covenants that, so long as any portion of the Advances remains unpaid and unless the Bank otherwise consents in writing, it will:

4.1Information. 

Deliver, or cause to be delivered, to the Bank:

4.1.1as soon as available and in any event within 120 days after the end of each fiscal year of the Borrower and each Restaurant Operator, balance sheets of the Borrower and each of the Restaurant Operators as of the end of
such fiscal year and the related statements of income, shareholders' equity and cash flow for such fiscal year, as applicable, setting forth in each case in comparative form the figures for the previous fiscal year, certified to be true and correct by a Manager or
the chief financial officer of the Borrower;

4.1.2a copy of the Borrower's annual income tax return within thirty (30) days after the same is filed with the Internal Revenue Service;

4.1.3forthwith upon the occurrence of any Event of Default, certificates of the chief financial officer or the chief accounting officer of the Borrower and the Guarantor setting forth the details thereof and the action
which the Borrower and/or the Guarantor is taking or proposes to take with respect thereto;

4.1.4from time to time such additional information regarding the financial position or business of the Borrower and the Guarantor as the Bank may reasonably request.

4.2Payment of Obligations. 

The Borrower will pay and discharge at or before maturity, all its material obligations and liabilities, including, without limitation, tax liabilities, except where the same may be contested in good faith by appropriate
proceedings, and will maintain, in accordance with generally accepted accounting principles, appropriate reserves for the accrual of any of the same.

4.3Maintenance of Property; Insurance. 

The Borrower will keep, or cause to be kept, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted; will maintain either with financially sound and reputable
insurance companies or pursuant to a plan of self‐insurance established in accordance with sound and appropriate practices, insurance on all Property in at least such amounts and against at least such risks as are usually insured against in the same general
area by companies of established repute engaged in the same or a similar business and will furnish to the Bank, full information as to the insurance carried.

4.4Conduct of Business and Maintenance of Existence. 

The Borrower will preserve, renew and keep in full force and effect its existence as a Nevada limited liability company in good standing, and its rights, privileges and franchises necessary or desirable in the normal
conduct of business.

4.5Inspection of Property, Books and Records. 

The Borrower will keep proper books of record and account in which full, true and correct entries in conformity with generally accepted accounting principles shall be made of all dealings and transactions in relation to its
business and activities; and will permit representatives of the Bank at the Bank's expense to visit and inspect any of its properties, to examine and make abstracts and copies from its books and records and to discuss its affairs, finances and accounts with its
officers, employees and independent public accountants, all at such reasonable times and as often as may reasonably be desired.

4.6Licenses and Permits, Etc. 

The Borrower will preserve and keep in force all licenses, permits and franchises necessary for the proper conduct of the Borrower's business;

4.7Advice Regarding Changes. 

The Borrower will inform the Bank immediately of any material adverse changes in the financial condition of the Borrower, the Guarantor or any Restaurant Operator.

4.8Advice Regarding Litigation. 

The Borrower will inform the Bank promptly of any litigation or threatened litigation which might or could substantially affect the Borrower's or the Guarantor's financial condition.

4.9Maintenance of Property. 

The Borrower will maintain all of the Borrower's property and equipment in a state of good repair and will require each Restaurant Operator to do the same.

4.10Further Assurances. 

At its cost and expense, upon request of the Bank, duly execute and deliver or cause to be duly executed and delivered to the Bank such further instruments and do and cause to be done such further acts that may be necessary
or proper in the opinion of the Bank, reasonably exercised, to carry out more effectively the provisions and purposes of this Agreement and the other Loan Documents.

4.11Observe All Laws. 

Conform to and duly observe in all material respects all laws, regulations and other valid requirements of any regulatory authority with respect to its properties and the conduct of its business.

4.12ERISA Requirement. 

Comply with all requirements of ERISA applicable to it and furnish to the Bank as soon as possible and in any event within thirty (30) days after any officer of the Borrower or any duly appointed administrator of any
employee pension benefit plan (as defined in ERISA) knows or has reason to know that any Reportable Event (as defined in ERISA) with respect to any such plan has occurred, an Officers' Certificate describing in reasonable detail such Reportable Event and any
action that the Borrower proposes to take with respect thereto, together with a copy of the notice of such Reportable Event given to the PBGC or a statement that said notice will be filed with the annual report of the United States Department of Labor with respect to
such plan if such filing has been authorized.

4.13Bank Accounts.

Maintain the Depository Account with the Bank.

ARTICLE 5

Affirmative Covenant of Guarantor

            The Guarantor covenants and agrees that, so long as any of the Advances remain outstanding, it will comply with all terms, provisions and covenants
contained in the Outback Loan Agreement and all other documents or instruments executed by the Guarantor in connection with the Outback Revolving Loan.

ARTICLE 6

Negative Covenants

            The Borrower agrees that, so long as any portion of the Advances remains unpaid, unless the Bank otherwise consents in writing, it will not:

6.1       Additional Indebtedness or Liens. 

Incur any additional indebtedness for borrowed money which is secured by an assignment of Borrower's interests in the Restaurant Notes or in the Assigned Leases or collaterally assign, mortgage, pledge, encumber, grant any
security interest in any of the Restaurant Notes or the Leases, whether now owned or hereafter acquired.

6.2Extend Credit. 

Except as contemplated in this Agreement, lend money or credit to or make or permit to be outstanding loans or advances to third parties, including, without limitation, members of the Borrower.

6.3Merger or Consolidation. 

Enter into any merger or consolidation in which the Borrower is not the surviving entity.

6.4Transfer of Assets; Other Business Changes. 

Sell, lease, transfer, or otherwise dispose of all or any substantial part of its assets, whether now owned or hereafter acquired, except in the limited situations where the Borrower is exchanging membership interests for
joint venture partnership interests or interests of franchisees; or change its name or any name in which it does business; or move its principal place of business.

6.5Transfer or Encumbrance of Interests in the Borrower. 

Sell, convey, transfer, lease or further encumber any interest in the Borrower, without the prior written consent of Bank.  If any person should obtain an interest in the Borrower pursuant to any sale, transfer,
conveyance or other disposition not so approved by the Bank or pursuant to the execution or enforcement of any lien, security interest or other right, such event shall be deemed to be a breach of this covenant by Borrower and an Event of Default under this Agreement
and the Note.

ARTICLE 7

Conditions Precedent

7.1Closing. 

The closing of the transactions contemplated hereby (the "Closing") shall be held at a place acceptable to Bank and Borrower.

7.2 Conditions Precedent to the Closing. 

The Bank shall have no obligation to close the transactions contemplated hereby or to make any Advances to the Borrower under the Facility until the Bank has received the items listed below (but only to the extent current
versions of such items have not been previously provided to Bank and remain unmodified), and/or the events described below have occurred, as the case may be:

7.2.1Loan Documents.  The Note, this Agreement and any other Loan Documents shall have been duly executed by the Borrower and delivered to the Bank and the Guaranty has been executed and delivered by the
Guarantor to the Bank.

7.2.2Borrowing Resolutions.  A copy of the resolutions of the members of the Borrower certified by the Borrower's duly elected or appointed Manager, authorizing the execution of this Agreement and the
other Loan Documents and authorizing the Manager of the Borrower to execute and deliver this Agreement and the other Loan Documents.

7.2.3Guarantor's Resolutions.  A certificate, certified by the Guarantor's duly elected or acting corporate secretary, stating that duly resolutions of the Board of Directors of the Guarantor have been
adopted which authorize the execution and delivery of the Guaranty.

7.2.4Certificates of Incumbency.  (i) A certificate of incumbency of Borrower, showing the present members and Managers of the Borrower and specimen signatures of said members and Managers, and (ii) a
certificate of incumbency of the Guarantor, showing the present officers and directors of the Guarantor and specimen signatures of said officers and directors.

7.2.5Certificate of Good Standing; Articles of Organization, Regulations.  A certified copy of the Articles of Organization, as amended to date, of the Borrower and a certificate of good standing with
respect to the Borrower from the Secretary of State of the State of Nevada and a copy of the Regulations, as amended to date, of the Borrower certified by its duly elected or acting Manager.

7.2.6Certificate of Good Standing; Articles of Incorporation; By‐Laws.  A certificate of good standing with respect to the Guarantor from the Secretary of State of the State of Delaware; and a
certificate of duly elected or acting corporate secretary stating that the Articles of Incorporation and By-Laws of the Guarantor which have previously been delivered to the Bank have not be changed or amended.

7.2.7No Adverse Change.  No conditions occur or arise regarding the Borrower's or the Guarantor's financial condition which the Bank deems, in its sole discretion, to have a materially adverse impact on
the Borrower's and/or the Guarantor's financial condition and the Bank receives an Officer's Certificate from each such entity, stating that no such material adverse change has occurred.

ARTICLE 8

Default

8.1Events of Default. 

The occurrence of one or more of the following events shall constitute an event of default hereunder (an "Event of Default"):

8.1.1Payment of Loan.  The failure to pay the any payment required by the Note or this Agreement within ten (10) days after the due date thereof, and the failure to pay any other amount payable hereunder or under any
of the other Loan Documents, either by the terms hereof or thereof or otherwise as herein or therein provided.

8.1.2Covenants.  The Borrower shall fail to observe or perform the covenant contained in Section 6.5 of this Agreement; or the Borrower or the Guarantor shall fail to observe or perform any other covenant contained in
this Agreement for a period of 30 days after written notice thereof has been given to the Borrower and/or Guarantor by the Bank.

8.1.3Representation or Warranty.  Any representation or warranty made by the Borrower herein or by Borrower or either Guarantor in any writing furnished in connection with or pursuant to this Agreement or any of the
other Loan Documents shall be false or misleading in any material respect on the date upon which made or deemed reaffirmed.

8.1.4Other Documents.  The occurrence of any default as specified in any of the other Loan Documents and such default shall not have been remedied (i) within the grace period, if any, provided in such Loan Document or
(ii) if no grace period is provided in such Loan Document and such default does not relate to the payment of money, within thirty (30) days after written notice thereof to the Borrower from the Bank or such longer time, not to exceed ninety (90) days, as is necessary
if the Borrower is diligently pursuing a cure and the default is reasonably capable of being cured within such extended period.

8.1.5Default under Any Related Loans.  An event of default shall occur under the documents evidencing and/or securing any of the Related Loans, or any event or condition shall occur relative to any of the Related
Loans, including, without limitation, the Outback Revolving Loan and the T‐Bird LLC Loans which (i) results in the acceleration of the maturity of any other obligation of the Guarantor, the Borrower, or an Affiliate of the Guarantor or the Borrower to the Bank,
or (ii) with the giving of notice or lapse of time or both, would enable the holder of such obligation or any Person acting on such holder's behalf to accelerate the maturity thereof.

8.1.6Liquidation: Dissolution; Voluntary Bankruptcy.  The liquidation or dissolution of the Borrower or the Guarantor, or the suspension of the business of the Borrower or the Guarantor, or the filing by the Borrower
or the Guarantor of a voluntary petition or an answer seeking reorganization, arrangement, readjustment of its debts or for any other relief under the United States Bankruptcy Code, as amended, or under any other insolvency act or law, state or federal, now or
hereafter existing, or any other action of the Borrower or the Guarantor indicating its consent to, approval of or acquiescence in, any such petition or proceeding; the application by the Borrower or the Guarantor for, or the appointment by consent or acquiescence of
the Borrower or the Guarantor of a receiver, a trustee or a custodian of the Borrower or the Guarantor for all or a substantial part of its property; the making by the Borrower or the Guarantor of any assignment for the benefit of creditors; the inability of the
Borrower or the Guarantor or the admission by the Borrower or the Guarantor in writing of its or their inability to pay its or their debts as they mature; or the Borrower or the Guarantor taking any corporate action to authorize any of the foregoing.

8.1.7Involuntary Bankruptcy.  The filing of an involuntary petition against the Borrower or the Guarantor in bankruptcy or seeking reorganization, arrangement, readjustment of its debts or for any other
relief under the United States Bankruptcy Code, as amended, or under any other insolvency act or law, state or federal, now or hereafter existing; or the involuntary appointment of a receiver, a trustee or a custodian of the Borrower or the Guarantor for all or
a substantial part of its property; or the issuance of a warrant of attachment, execution or similar process against any substantial part of the property of the Borrower or the Guarantor, and the continuance of any of such events for ninety (90) days undismissed
or undischarged.

8.1.8Adjudication of Bankruptcy.  The adjudication of the Borrower or the Guarantor as bankrupt or insolvent.

8.1.9Order of Dissolution.  The entering of any order in any proceedings against the Borrower or the Guarantor decreeing the dissolution, divestiture or split‐up of the Borrower or the Guarantor,
and such order remains in effect for more than sixty (60) days.

8.1.10Reports and Certificates.  Any report, certificate, financial statement or other instrument delivered to the Bank by or on behalf of Borrower or the Guarantor pursuant to the terms of this Agreement
or the Loan Documents is false or misleading in any material respect when made or delivered.

8.1.11Judgment.  A final judgment (after all avenues of appeal and all applicable appeal periods have expired), which with other outstanding final judgments against the Borrower and/or the Guarantor
exceeds an aggregate of Five Hundred Thousand and No/100 Dollars ($500,000.00) (net of amounts covered by insurance), shall be rendered against the Borrower or the Guarantor, and if within sixty (60) days after entry thereof such judgment shall not have been
discharged, paid or bonded or execution thereon stayed pending appeal, or if within sixty (60) days after the expiration of any such stay such judgment shall not have been discharged.

8.1.12Illegality of Agreement or the Note.  This Agreement or the Note shall have been held by any court of competent jurisdiction, or by any competent regulatory authority, to be illegal, invalid,
prohibited or unenforceable in whole or in material part.

            8.2Remedies.

8.2.1Termination of Advances.  Upon the occurrence of any Event of Default or Default, the Bank may refuse to make any further Advances under the Facility and the Bank shall have no further obligation to
make Advances as long as said Event of Default or Default shall continue uncured or unwaived.  In the event that the Bank elects to terminate the making of Advances as provided herein, the Bank shall give written notice of such election to Borrower, but the
failure of the Bank to give such notice or of the Borrower to receive such notice shall in no way obligate the Bank to continue making Advances after the occurrence of an Event of Default.

8.2.2Acceleration and Set‐off.  Upon the occurrence of any Event of Default, and at any time thereafter as long as the Event of Default is continuing, the Bank may, upon five (5) days written
notice, declare the entire principal and all interest on the Advances and all obligations under the Loan Documents, and all Related Loans, including without limitation, the Outback Revolving Loan and the T‐Bird LLC Loans, whether the Borrower's or the
Guarantor's liability for payment thereof is primary or secondary, direct or indirect, sole, joint, several or joint and several, or whether the indebtedness is matured or unmatured, due or to become due, fixed, absolute or contingent, to be immediately due and
payable (without presentment, demand, protest or other notice of any kind, all of which are expressly waived) and the Loans and all such other indebtedness thereupon shall be and become immediately due and payable, and the Bank may proceed to collect the same by
foreclosure, at law, or as otherwise provided in the Loan Documents and/or other instruments or agreements signed by the Borrower or the Guarantor.  In addition, without limiting any other rights of the Bank, whenever the Bank has the right to declare any
indebtedness to be immediately due and payable (whether or not it has so declared), each of the Bank and each Participant may set off against the indebtedness without notice any amounts then owed to the Borrower by the Bank or such Participant, as the case may be, in
any capacity, whether due or not due, including without limitation deposits, stocks, bonds and other securities and other assets held in any custodial accounts; and each of the Bank and each Participant shall be deemed to have exercised its right to set off
immediately at the time its right to such election accrues.

8.2.3Cumulative Remedies.  All rights, remedies or recourse of the Bank under this Agreement, the Note, or any other Loan Documents, or under any of the Related Loan Documents, at law, in equity or
otherwise, are cumulative, and exercisable concurrently, and may be pursued singularly, successively or together and may be exercised as often as occasion therefore shall arise.  No act of commission or omission by the Bank, including, but not limited to, any
failure to exercise, or any delay, forbearance or indulgence in the exercise of, any right, remedy or recourse hereunder or under any other Loan Document shall be deemed a waiver, release or modification of that or any other right, remedy or recourse, and no single
or partial exercise of any right, remedy or recourse shall preclude the Bank from any other or future exercise of the right, remedy or recourse or the exercise of any other right, remedy or recourse.  No waiver or release of any such rights, remedies and
recourse shall be effective against the Bank unless in writing and manually signed by an authorized officer on the Bank's behalf, and then only to the extent recited therein.  A waiver, release or modification with reference to any one event shall not be
construed as continuing or constituting a course of dealing, nor shall it be construed as a bar to, or as a waiver, release or modification of, any subsequent right, remedy or recourse as to a subsequent event.

8.2.4No Liability.  Whether or not the Bank elects to employ any or all remedies available to it in the event of an occurrence of a Default or an Event of Default, the Bank shall not be liable for the
payment of any expenses incurred in connection with the exercise of any remedy available to the Bank or for the performance or non‐performance of any obligation of the Borrower.

ARTICLE 9

Advances Under the Facility

9.1Requests for Advance. 

To receive an Advance the Borrower shall submit to the Bank, by facsimile transmission with the original to follow by mail, a Request for Advance signed by the Borrower and the Guarantor.  Requests for Advance shall be
for an amount of not less than $100,000.00.  Upon receipt of a Request for Advance by Bank and the Bank having made a determination that sufficient finds are available under the Facility and all other conditions to such Advance shall have been fulfilled, Bank
will make the Advance to the Borrower, subject to the terms, provisions and conditions as provided in this Agreement.  All disbursements will be made to Borrower in a manner determined by Bank, or with Bank's approval, into the Operating Account or as Borrower
otherwise directs in writing.  Each Advance shall be considered to have been advanced to and received by Borrower upon, and interest on the Loan proceeds will be payable by Borrower from and after, the disbursement of the Advance to or for the benefit of the
Borrower as aforesaid.  In no event shall Bank be required to make any Advance from and after the Commitment Termination Date.

9.2Conditions to Advance. 

It shall be a condition of the obligation of the Bank to make any Advance that the Bank shall have received (by facsimile transmission, with original to follow by mail) a Request for Advance executed
by both the Borrower and the Guarantor and that, at the time of each Advance of a portion of the Facility, each of the following statements shall be true in all material respects:

9.2.1All of the representations and warranties of the Borrower and the Guarantor set forth in this Agreement or in any other of the Loan Documents, and of the Guarantor under the Outback Loan Agreement, or any of the
"Loan Documents" described therein, shall be correct on and as of the date of such Advance as though made on and as of such date.

9.2.2The Borrower and the Guarantor shall have observed and performed in all material respects all of the terms, conditions and agreements applicable to them set forth herein or in any other Loan Documents on its part to be
observed or performed and no Event of Default and no Default shall have occurred and be continuing under this Agreement or the other Loan Documents.

9.2.3Each of the Borrower and the Guarantor shall have observed and performed in all material respects all of the terms, conditions and agreements set forth in all documents evidencing, and/or securing loans of credit
facilities for which either or both of Borrower and Guarantor are directly or contingently liable, and no Event of Default and no Default shall have occurred and be continuing under any such direct or contingent liability, including, without limitation, the Outback
Revolving Loan or any of the other Related Loans.

9.2.4All required financial statements and other material has been delivered to the Bank by the Borrower and the Guarantor; no material adverse changes shall have occurred since the date of such financial statements (except
as may be disclosed in subsequent financial statements delivered to the Bank); and no material liabilities, contingent or otherwise, not shown on said financial statements or the notes thereto, shall exist, except those incurred or arising in the ordinary course of
business since the end date for the last annual accounting period of the Borrower or the Guarantor, as applicable.

9.2.5There shall be no actions, suits, proceedings or claims pending or threatened against or affecting the Borrower or the Guarantor, the result of which might materially adversely affect the respective consolidated
financial condition, business or operations of the Borrower or the Guarantor.

ARTICLE 10

Miscellaneous

10.1Waiver of Default. 

The Bank may, by written notice to the Borrower at any time and from time to time, waive any default in the performance or observation of any condition, covenant or other term thereof or any Event of Default that shall have
occurred hereunder and its consequences.  Any such waiver shall be for such period and subject to such conditions as shall be specified in any such notice.  In the case of any such waiver, the Borrower shall be restored to its former position hereunder and
under the Loan Documents, and any Event of Default so waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Event of Default.

10.2Amendments and Waivers. 

The Bank and the Borrower may, subject to the provisions of this Section 10.2, from time to time, enter into written agreements for the purpose of adding any provision to this Agreement or the other Loan Documents or
changing in any manner the rights of the Bank or the Borrower hereunder or under the other Loan Documents.  No such amendment, modification or supplement shall be established by custom, conduct or course of dealing, but solely by an instrument in writing
duly executed by the party to be charged therewith.  The Bank shall indicate its consent to any written request by the Borrower with respect to any such proposed amendment, modification or supplement by its delivery to the Borrower or its affirmative written
approval thereof within ten (10) days of its receipt of an Officers' Certificate requesting such amendment, modification or supplement; provided, however, that any such request shall be deemed denied by the Bank if such written approval thereof shall not have been
delivered by the Bank to the Borrower within such period.

10.3Notices. 

All notices, requests, demands and other communications which are required or may be given under this Agreement shall be in writing and shall be deemed to have been duly given when received if personally delivered; the day
it is received, if sent by recognized expedited delivery service or by facsimile transmission with receipt confirmation; and upon receipt, if mailed, certified mail, return receipt requested, postage prepaid.  In each case notice shall be sent to:

If to the Borrower:                           T‐BIRD NEVADA, LLC

                                                           
13000 North Dale Mabry Highway

                                                           
Tampa, FL 33618

                                                           
Attention:  Mr. Thomas J. Shannon, Jr.

If to the Bank:                                  BANK OF
AMERICA, N.A.

                                                           
101 E. Kennedy Boulevard, 5thFloor

                                                           
Tampa, FL 33602

                                                           
Attention:  Sadahri Berry

or to such other address as either party may have specified in writing to the other using the procedures specified above in this Section 10:3.

10.4No Waiver; Cumulative Remedies. 

No failure to exercise and no delay in exercising, on the part of the Bank, any right, power or privilege hereunder or under any of the other Loan Documents shall operate as a waiver thereof; nor shall any single or partial
exercise of any right, power or privilege hereunder or thereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege.  The rights and remedies herein and in the other Loan Documents provided are cumulative and
not exclusive of any rights or remedies provided by law.

10.5Survival of Representations Warranties and Covenants. 

All representations, warranties, covenants and other agreements made herein shall survive the execution and delivery of this Agreement and the other Loan Documents.

10.6Liens, Set Off by Bank. 

The Borrower and the Guarantor hereby grant to the Bank a continuing lien for the Facility and all other indebtedness of the Borrower and/or the Guarantor to the Bank upon any and all monies and securities of the Borrower
and/or the Guarantor and the proceeds thereof, now or hereafter held or received by or in transit to, the Bank from or for the Borrower or the Guarantor, and also upon any and all deposits (general or special) and credits of the Borrower or the Guarantor, if any,
against the Bank, at any time existing.  Upon the occurrence of any Event of Default hereunder, the Bank is hereby authorized at any time and from time to time, without notice to the Borrower, to set off, appropriate and apply any or all items hereinabove
referred to against all indebtedness of the Borrower and/or the Guarantor to the Bank, whether under this Agreement, or otherwise, whether now existing or hereafter arising.  The liens, set‐off rights and other rights granted to the Bank under this Section
10.6 are also hereby given by the Borrower the Guarantor to each Participant.

10.7No Third Party Beneficiaries. 

This Agreement is a contract among the Bank, the Borrower and the Guarantor for their mutual benefit and no third person (other than any Participants) shall have any right, claim or interest against the Bank, the Borrower
or the Guarantor by virtue or any provision hereof.

10.8Florida Law. 

This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and governed by the laws of the State of Florida without regard to the principles of the conflict of laws of
Florida.

10.9Paragraph Headings. 

Paragraph headings are for the purpose of identification only and are not considered as a substantive part of this Agreement.

10.10Gender; Etc, 

Whenever the context so requires, the neuter gender includes the feminine and/or masculine, as the case may be, and the singular number includes the plural, and the plural number include the singular.

10.11Severability. 

Each paragraph, provision, sentence and part thereof of this Agreement shall be deemed separate from each other paragraph, provision, sentence or part thereof, and the invalidity or unenforceability for any reason or to any
extent of any such portion of this Agreement shall not affect the enforceability of the remaining portions of this Agreement or any other Loan Document, or the application of such paragraph, provision, sentence or part thereof to other persons and
circumstances.

10.12Reimbursement of Expenses. 

The Borrower agrees to reimburse the Bank and the Participants for all reasonable costs and out‐of‐pocket expenses (including reasonable fees of attorneys) incurred in connection with the preparation, execution,
delivery, modification, waiver and amendment of this Agreement and the other Loan Documents, and also all reasonable expenses incurred by the Bank and the Participants (including reasonable fees of attorneys) in the collection of any indebtedness incurred hereunder
in the event of default by Borrower under any of the Loan Documents.  The obligations of the Borrower under this Section 10.12 shall survive the repayment of the Facility and the satisfaction by the Borrower of its other obligations under this Agreement and the
other Loan Documents.

10.13Stamp or Other Taxes. 

The Borrower agrees to pay any and all stamp, documentary, exercise and intangible taxes now or hereafter payable in respect of this Agreement, the Note and the other Loan Documents, whether in connection with the execution
and delivery thereof, the making of any Advance previously or hereafter made, any modification or renewal thereof, or otherwise, together with any interest and penalties incident thereto.  The Borrower agrees to and shall indemnify and hold the Bank harmless
from and against all loss, cost, expense and attorneys' fees that may be incurred by the Bank in connection with any such assessment, tax, levy or other charge, or any interest or penalty resulting therefrom.  The Bank may, but shall not be obligated to, at any
time or from time to time, debit the deposit account of the Borrower at the Bank for the amount of any such obligations.  The obligations of the Borrower under this Section 10.13 shall survive the repayment of the Facility and the satisfaction by the Borrower of
its other obligations under this Agreement and the other Loan Documents.

10.14Participation Rights. 

Nothing contained in this Agreement shall in any way prohibit or otherwise restrict the Bank from (a) entering into agreements with other financial institutions whereby such other institutions participate in the Facility
and (b) issuing participation certificates to such other institutions in connection therewith; provided, that the Facility shall be administered by the Bank and all actions permitted to be taken by "the Bank" hereunder shall be taken solely by the Bank (but this
provision shall not prohibit (i) a participation agreement from requiring that the Bank first obtain the consent of a Participant with respect to one or more of such actions or (ii) a Participant from taking any action expressly permitted it under this
Agreement).

10.15Further Assurances. 

The Borrower agrees that, at any time and from time to time after the execution and delivery of this Agreement, it shall, upon request of the Bank, execute and deliver such further instruments and documents and do such
further acts and things as the Bank may reasonably request in order to fully effect the purposes of this Agreement.

10.16Execution in Counterparts. 

This Agreement and the other Loan Documents may be executed in any number of counterparts, each of which shall be deemed to be an original as against any party whose signature appears thereon, and all of which shall
together constitute one and the same instrument.

10.17Confidentiality. 

Except for a newspaper announcement which may be published following the closing of this transaction, the Bank and the Borrower agree that neither of them will make any public announcement of the transactions contemplated
by this Agreement unless it first obtains the written consent of the other party with respect to the issuance, form, content and timing of such public announcement.  The Bank further agrees that it will keep confidential all information concerning the Borrower,
its business or financial condition, except information which is in the public domain or enters the public domain other than pursuant to a breach of this Agreement and informa­tion which the Bank is obligated to disclose pursuant to law or legal process. 
The parties agree that they will keep confidential the terms of this Agreement unless required to divulge the same under applicable law or regulation or unless such information is disclosed in an action between the parties.  The Borrower acknowledges and agrees
that the foregoing shall not be deemed to prohibit the Bank from disclosing information concerning the Facility and the Borrower to potential Participants.

10.18Waiver of Jury Trial. 

The Borrower and the Guarantor, and any Person or Persons claiming under the Borrower or the Guarantor, hereby voluntarily and knowingly waive any right any of them may have to seek a jury trial in any lawsuit,
proceeding, counterclaim or any other litigation procedure based upon or arising out of this Agreement, the Facility, the Note or any of the other Loan Documents, any related instrument or agreement, or the dealings or the relationship between or among such Persons
or any of them.  Neither the Borrower nor the Guarantor nor any Person claiming under the Borrower or the Guarantor shall seek to consolidate any such action in which a jury trial has been waived with any other action in which trial cannot or has not been
waived.  The Borrower and the Guarantor acknowledge that the provisions of this Section 10.18 have been fully discussed with the Borrower, the Guarantor and the Bank, that the Borrower and the Guarantor are ably represented by a licensed attorney at law in the
negotiation of this Section 10.18, that they bargained at arm's length and in good faith and without duress of any kind for the terms and conditions of this Section 10.18 and that the provisions hereof shall be subject to no exceptions.  No party has in any way
agreed with or represented to any other party that the provisions of this Section 10.18 will not be fully enforced in all instances.

            IN WITNESS WHEREOF, the Borrower and the Bank have caused this Agreement to be duly executed under seal by their duly authorized officers, all as of the day
and year first above written.

                                                                                   
BORROWER:

                                                                                   
T‐BIRD NEVADA, LLC, a Nevada   limited liability company

                                                                                   
By:                                                              

                                                                                   
Name:         Thomas J. Shannon, Jr.

                                                                                   
Title:           Manager

                                                                                   
BANK:

                                                                                   
BANK OF AMERICA, N.A., a            national banking association

                                                                                   
By:                                                              

                                                                                   
Name: 
                                                      

                                                                                   
Title: 
                                                        

JOINDER BY THE GUARANTOR

            The Guarantor joins in the execution of this Agreement for the purpose of agreeing to comply with and be bound by the provisions of this Agreement which
apply to the Guarantor.

                                                                                   
OUTBACK STEAKHOUSE, INC., a           Delaware corporation

                                                                                   
By:                                                              

                                                                                   
Name: 
                                                      

                                                                                   
Title: 
                                                        

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