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                                                                   EXHIBIT 10.21

                               OPERATING AGREEMENT
                                       OF
                               BC RESTAURANTS, LLC

                                ARTICLE 1 OFFICES

1.1    PRINCIPAL OFFICE.

The principal office of the Company may be located either within or without the
State of California. The Company may have such other offices, either within or
without the State of California, as the Board of Managers or the Chief Manager
may designate, or as the business of the Company may require from time to time.

1.2    REGISTERED OFFICE.

The registered office of the Company required by Section 17057 of the
Beverly-Killea Limited Liability Company Act of California (the "Act"), to be
maintained in the State of California may, but need not, be identical with its
principal office. The address of the registered office of the Company may be
changed from time to time by the Board of Managers.

                                ARTICLE 2 MEMBERS

2.1    REGULAR MEETINGS.

The Board of Managers may, but need not, cause regular meetings of the Members
to be held on an annual or less frequent periodic basis. Such regular meetings
of the Members shall be for the purpose of electing qualified successors for
Managers whose terms have expired or whose terms are indefinite or will expire
within 6 months of such meeting, and for the transaction of any other business
as may come before the meeting. Such regular meetings shall be held on the date
and at the time fixed by the Board of Managers or the Chief Manager, and shall
be at the principal office of the Company or at such place as is designated by
the Board of Managers, the Chief Manager or by written consent of all of the
Members entitled to vote thereat.

2.2    SPECIAL MEETINGS.

       (a)   CALL. Special meetings of the Members may be called for any purpose
             or purposes at any time by the Chief Manager, the Treasurer, two
             (2) or more Managers or a Member or Members holding ten percent
             (10%) or more of the voting power of all Membership Interests
             entitled to vote thereat.

       (b)   DATE AND PLACE. Special meetings shall be held on the date and at
             the time and place fixed by the Chief Manager or the Board of
             Managers, except that a special meeting called by or at the demand
             of a Member or Members pursuant to Article

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             2.2 or 2.3 of this Operating Agreement shall be held in the county
             where the executive office of the Company is located.

       (c)   BUSINESS. The business transacted at any special meeting shall be
             limited to the purposes stated in the notice of the meeting. Any
             business transacted at a special meeting that is not included in
             those stated purposes not be void ab initio, but shall be voidable
             by or on behalf of the Company unless all of the Members entitled
             to vote thereat have waived notice of the meeting or consented to
             such action in accordance with this Operating Agreement.

2.3    DEMAND BY MEMBERS.

If a regular meeting of the Members has not been held during the immediately
preceding fifteen (15) months, any Member or Members holding three percent (3%)
or more of all voting Membership Interests of the Company may demand a regular
meeting of the Members. Any Member or Members holding ten percent (10%) or more
of all voting Membership Interests of the Company may demand a special meeting
of the Members. The demand for a regular or a special meeting by the Members
shall be given in writing to the Chief Manager or the Treasurer or Chair of the
Board of Managers of the Company. Within ten (10) business days after receipt of
such demand, the Board of Managers shall cause a meeting of the Members to be
called and held on notice no later than thirty (30) days after receipt of the
demand, all at the expense of the Company. If the Board of Managers fails to
cause a meeting to be called and held as required by this Article, the Member or
Members making the demand may call the meeting by giving notice as required by
Article 2.4 of this Operating Agreement, all at the expense of the Company.

2.4    NOTICE.

Notice of all meetings of the Members shall be given to every holder of voting
Membership Interests at his or her address as shown in the required records of
the Company, except where (i) the meeting is an adjourned meeting and the date,
time and place of the meeting were announced at the time of adjournment; or (ii)
the following have been mailed by first class mail to a Member at the address in
the limited liability Company required records and returned undeliverable:

       (a)   Two consecutive annual meeting notices and notice of any special
             meetings held during the period between the two annual meetings;
             and

       (b)   All payments of distributions, provided there are at least two sent
             during a 12-month period; and

       (c)   Written notice of the Member's current address has not been
             received by the Company.

The notice of a meeting of the Members shall be given at least five (5) business
days before the date of the meeting, and not more than sixty (60) days before
the date of the meeting. The notice shall contain the date, time and place of
the meeting, and any other information required by this Article 2. In the case
of a special meeting, the notice shall contain a statement of the purposes of

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the meeting. The notice may also contain any other information deemed necessary
or desirable by the Board of Managers or by any other person or persons calling
the meeting.

2.5    WAIVER OF NOTICE.

A Member may waive notice of a meeting of the Members. A waiver of notice by a
Member entitled to notice shall be effective whether given before, at or after
the meeting, and whether given in writing, orally or by attendance. Attendance
by a Member at a meeting shall be a waiver of notice of that meeting except
where the Member objects at the beginning of the meeting to the transaction of
business because the meeting is not lawfully called or convened, or objects
before a vote on an item of business because the item may not lawfully be
considered at that meeting and does not participate in the consideration of the
item at that meeting.

2.6    QUORUM.

The holders of a majority of the voting power of the Membership Interests
entitled to vote at a meeting, present in person or by proxy, shall constitute a
quorum for the transaction of business. If a quorum is present when a duly
called or held meeting is convened, the Members present may continue to transact
business until adjournment, even though the withdrawal of a number of Members
originally present leaves less than the proportion or number otherwise required
for a quorum.

2.7    VOTING RECORD DATE.

The Board of Managers may fix a date not more than sixty (60) days before the
date of a meeting of the Members as the date for the determination of the
holders of voting Membership Interests entitled to notice of and to vote at the
meeting. When a date is so fixed, only Members on that date are entitled to
notice of and permitted to vote at that meeting of Members. If no record date is
fixed for the determination of Members entitled to notice of or to vote at a
meeting of Members, the date on which notice of the meeting is mailed shall be
the record date for such determination of Members. When a determination of
Members entitled to vote at any meeting of Members has been made as provided in
this Article, such determination shall apply to any adjournment thereof.

2.8    VOTE BY BALLOT.

Upon the demand of any Member, the vote for Managers, the vote upon any question
before the vote for Managers, or the vote upon any question before the meeting
shall be by ballot.

2.9    ACT OF MEMBERS.

       (a)   GENERAL. In general, the Members shall take action by the
             affirmative vote of the owners of the greater of:

             (i)    A majority of the voting power of the Membership Interests
                    present and entitled to vote on that item of business
                    (proxies without authority on a matter not being considered
                    for purposes of such matter); or

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             (ii)   A majority of the voting power that would constitute a
                    quorum for the transaction of business at the meeting; or

             (iii)  If the Articles of Organization or any Membership Control
                    Agreement requires a larger proportion of the voting power
                    of the Members Interest than is required by this Operating
                    Agreement for a particular action, then the Articles of
                    Organization or the Member Control Agreement shall control.

       (b)   VOTING BY CLASS. In any case where a class or series of Membership
             Interests is entitled to vote as a class or series, the matter
             being voted upon must receive:

             (i)    The affirmative vote of the owners of the required
                    proportion of the Membership Interests of each class or
                    series present at such meeting, as set forth in Subsection
                    A. above; or

             (ii)   The affirmative vote of the owners of the required
                    proportion of the total outstanding Membership Interests of
                    all classes or series entitled to vote, as set forth in
                    Subsection A, above;

unless the Articles of Organization or a Membership Control Agreement requires a
larger proportion.

Unless otherwise stated in the Articles of Organization, a Membership Control
Agreement or in this Operating Agreement, in the case of voting as a class or
series, the minimum percentage of the total voting power of Membership Interests
of the class or series that must be present to constitute a quorum for such vote
shall be equal to the minimum percentage of all Membership Interests entitled to
vote required to be present under Article 2.6 hereof.

2.10   STATEMENT OF MEMBERSHIP INTEREST.

At the request of any Member, the Company shall state in writing the particular
Membership Interest owned by that Member as of the moment the Company makes the
statement. The statement must describe the Member's rights to vote, to share in
profits and losses, and to share in distributions, as well as any assignment of
the Member's economic or governance rights then in effect.

2.11   VOTING POWER.

Except as otherwise set forth in the Articles of Organization or in a Member
voting agreement or Membership Control Agreement, Members have voting power in
proportion to the value of the contributions of the Members as reflected in the
required records. No assignee of the economic rights of any Member shall have
any vote or governance rights unless such assignee is a Member with other
governance rights or complies with the requirements hereof.

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2.12   VOTING RIGHTS.

       (a)   CLASSES. The total authorized Membership Interests of the Company
             shall consist of the following classes:

             (i)    Class I: Voting participating Membership Interests known as
                    "Voting Membership Interests," which may be divided into not
                    more than 1,000 Voting Membership units.

             (ii)   Class II: Nonvoting participating Membership Interests known
                    as "Nonvoting Membership Interests," which may be divided
                    into not more than 1,000 Nonvoting Membership units.

       (b)   Rights. The Membership Interests will have the following rights:

             (i)    VOTING RIGHTS. All voting rights shall be vested in the
                    Voting Membership Interests, and all actions by the Members
                    of the Company shall be made by the holders of said Voting
                    Membership Interests. The holders of all Voting Membership
                    Interests shall have voting rights in direct proportion to
                    his or her Voting Membership Interests as reflected on the
                    required records of the Company.

             (ii)   ECONOMIC RIGHTS. All profits and losses, and all
                    distributions (including distributions upon liquidation and
                    termination distributions), of the Company as provided under
                    California law shall be allocated and paid only to the
                    holders of Voting and Nonvoting Membership Interests in
                    direct proportion to his or her percentage of Membership
                    Interests as reflected in the required records of the
                    Company, or as otherwise allocated in accordance with any
                    Membership Control Agreement between the Company and its
                    Members.

             (iii)  DISTRIBUTIONS IN KIND. No Member of any class or series of
                    Membership Interests shall have any right to receive
                    distributions in kind; provided that any Member may be
                    required to receive distributions in kind of an amount
                    similar to the percentage interest of such Member in
                    distributions of the Company.

             (iv)   JOINTLY OWNED INTERESTS. Membership Interests owned by two
                    or more individuals or entities may be voted by any one of
                    them unless the Company receives written notice from any one
                    of them denying the authority of that co-owner to vote the
                    Membership Interests.

             (v)    ENTITIES. Membership Interests of the Company reflected in
                    the required records as being held by another domestic or
                    foreign organization may be voted by the Chief Managers,
                    Chief Executive Officer, or another legal

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                    representative of that organization. Membership Interests
                    under the control of a person in a capacity as a personal
                    representative, administrator, executor, guardian,
                    conservator, attorney in fact, trustee in bankruptcy or
                    receiver may be voted by the person, either in person or by
                    proxy, without reflecting in the required records those
                    Membership Interests in the name of the person (provided
                    there is court authority for such bankruptcy trustee or
                    receiver). Membership Interests registered in the name of a
                    trust or any other organization not described herein may be
                    voted either in person or by proxy by the trustee or legal
                    representative thereof.

             (vi)   COMPANY AND SUBSIDIARIES. Membership Interests of the
                    Company reflected in the required records as being held by
                    the Company or a subsidiary of the Company shall not be
                    entitled to vote on any matter. Membership Interests held in
                    the name of or under the control of the Company or a
                    subsidiary in a fiduciary capacity shall also not be
                    entitled to vote on any matter, except to the extent that
                    the settlor or beneficial owner possesses and exercises a
                    right to vote or gives the Company binding instructions on
                    how to vote the Membership Interests.

             (vii)  SECURITY INTERESTS. The grant of a security interest in a
                    Membership Interest does not entitle the holders of the
                    security interest to vote or to exercise any governance
                    right relating thereto.

2.13   PROXIES.

A Member may not grant any proxy to any person who is an assignee of any
Member's economic rights and who is not also a Member. A Member may otherwise
cast or authorize the casting of a vote by filing a written appointment of a
proxy with a Manager of the Company at or before the meeting at which the
appointment is to be effective. An appointment of a proxy shall be valid if
signed by any representative or other party authorized to vote such Membership
Interest hereunder, and may be authorized by any form of electronic
transmission. Any one of two or more authorized proxies are allowed to vote with
respect to specific instructions and a majority shall be necessary to vote with
respect to any particular item of business where there are no specific
instructions; provided that if the proxies are equally divided, the Membership
Interests must not be voted on that matter. The appointment of a proxy shall be
valid for eleven (11) months unless a longer period is expressly provided in the
appointment; provided that no proxy shall be irrevocable and any purported
irrevocable proxy shall be void, and the Member revoking such proxy shall not be
liable for damages. Proxies may be terminated at will, effective upon filing a
revocation thereof or filing a new proxy with the Company. Proxies shall be
valid until notice of the death or incapacity of the Member is received by a
Manager of the Company.

2.14   ELECTRONIC COMMUNICATIONS.

A conference among Members by any means of communication through which the
Members may simultaneously hear each other during the conference shall
constitute a meeting of the

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Members, if the same notice is given of the conference as would be required by
this Article for a meeting, and if the number of Members participating in the
conference would be sufficient to constitute a quorum at a meeting.
Participation in a meeting by such means shall constitute presence in person at
the meeting, except as provided in Article 2.5 hereof.

2.15   ACTION WITHOUT A MEETING.

An action required or permitted to be taken at a meeting of the Members may be
taken without a meeting by written action signed by a majority of the Members
entitled to vote on that action. The written action shall be effective when it
has been signed by all of those Members, unless a different effective time is
provided in the written action.

2.16   VOTING AND CONTROL AGREEMENTS.

The Members may enter into Member voting agreements and/or Membership Control
Agreements in accordance with the applicable law. To the extent the terms of any
such Member voting agreement or Membership Control Agreement may be in
contradiction of any terms of this Operating Agreement, the terms of such Member
voting agreement or Membership Control Agreement shall be controlling, and the
conflicting terms of this Operating Agreement shall be null and void.

                           ARTICLE 3 BOARD OF MANAGERS

3.1    MANAGER.

There shall be one class of Managers, each elected by a majority of the Voting
Membership Interest of the Company, without cumulative voting, who shall act
upon the affirmative vote of a majority of all Managers regardless of the number
present at the meeting of the Board of Managers.

3.2    BOARD TO MANAGE.

The business and affairs of the Company shall be managed by or under the
direction of the Board of Managers, subject to the rights of the Members of the
Company as provided in the Articles of Organization, this Operating Agreement,
the Member Control Agreement or otherwise pursuant to the Act. The owners of
Membership Interests entitled to vote for Managers may, by unanimous affirmative
vote, take any action required or permitted to be taken by the Board of
Managers, in which situation the actions shall be deemed accepted by the Board
of Managers, but without liability of the Managers therefor.

3.3    NUMBER.

The number of Managers shall be set from time to time by resolution of the
Members. The Board of Managers may, at any time, increase the number of Managers
up to the maximum number set by resolution of the Members, or may decrease the
number of Managers except that any such decrease shall not result in the removal
of a Manager other than a Manager named by the Board of Managers to fill a
vacancy.

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3.4    QUALIFICATIONS.

Managers shall be natural persons. Managers need not be residents of California
or Members of the Company.

3.5    TERM.

Each Manager shall hold office until his or her successor is elected and has
qualified, or until his or her earlier death, resignation, removal or
disqualification. In no event shall the fixed term of a Manager exceed five (5)
years.

3.6    LIMITATION OF LIABILITY.

A Manager of the Company shall not be personally liable to the Company or its
Members for monetary damages for breach of fiduciary duty as a Manager, except
for liability (a) for any breach of the Manager's duty of loyalty to the Company
or its Members, (b) for acts or omissions not in good faith or that involve
intentional misconduct or a knowing violation of law, (c) under the
Beverly-Killea Limited Liability Company Act, or (d) for any transaction from
which the Manager derived an improper personal benefit. If the Beverly-Killea
Limited Liability Company Act is amended after this Article 3.6 becomes
effective to authorize action further eliminating or limiting the personal
liability of Managers, then the liability of a Manager of the Company shall be
eliminated or limited to the fullest extent permitted by the Beverly-Killea
Limited Liability Company Act, as so amended. Any repeal or modification of this
section by the Members of the Company shall not adversely affect any right or
protection of a Manager of the Company existing at the time of such repeal or
modification.

3.7    REGULAR MEETINGS.

A regular meeting of the Board of Managers shall be held without notice other
than this Article immediately after and at the same place as each regular
meeting of the Members at which Manager are elected. The Board of Managers may
provide, by resolution at a meeting of the Board of Managers, the time and
place, either within or without the State of California, for the holding of
additional regular meetings of the Board of Managers without notice other than
such resolution.

3.8    SPECIAL MEETINGS.

Special meetings of the Board of Managers may be called from time to time by or
at the request of the Chief Manager. The person calling a meeting of the Board
of Managers may fix the date, time and place of the meeting. If the place fixed
for the meeting is other than the principal office of the Company in California,
a majority of the Board of Managers may by twenty four (24) hours notice change
the place of the meeting to another location.

3.9    NOTICE.

Notice of any special meeting shall be given at least ten (10) business days
prior thereto by written notice mailed to each Manager at his or her business
address or at least five (5) business days prior thereto if delivered personally
or by telegram or overnight delivery service. If mailed,

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such notice shall be deemed to be delivered when deposited in the United States
mail so addressed, with postage thereon prepaid. If notice be given by telegram
or similar personal overnight delivery, such notice shall be deemed to be
delivered when delivered to the forwarding Company. A Manager may waive notice
of a meeting of the Board of Managers. The notice need not state the purpose of
the meeting.

3.10   WAIVER OF NOTICE.

A waiver of notice by a Manager entitled to notice shall be effective whether
given before, at or after the meeting, and whether given in writing, orally or
by attendance. Attendance by a Manager at a meeting shall be a waiver of notice
of that meeting, except where the Manager objects at the beginning of the
meeting to the transaction of business because the meeting is not lawfully
called or convened and does not participate in the meeting thereafter.

3.11   QUORUM.

A majority of the Managers currently holding office present at a duly called
meeting shall constitute a quorum for the transaction of business. In the
absence of a quorum, a majority of the Managers present may adjourn a meeting
from time to time until a quorum is present. If a quorum is present when a duly
called or held meeting is convened, the Managers present may continue to
transact business until adjournment, even though the withdrawal of a number of
Managers originally present leaves less than the number otherwise required for a
quorum.

3.12   ELECTRONIC COMMUNICATIONS.

A conference among Managers by any means of communication through which the
Managers may simultaneously hear each other during the conference shall
constitute a meeting of the Managers, if the same notice is given of the
conference as would be required by this Article for a meeting, and if the number
of Managers participating in the conference would be sufficient to constitute a
quorum at a meeting. Participation in a meeting by such means shall constitute
presence in person at the meeting.

3.13   PRESUMPTION OF ASSENT.

A Manager who is present at a meeting of the Board of Managers when an action is
approved by the affirmative vote of a majority of the Managers present is
presumed to have assented to the action approved, unless the Manager objects at
the beginning of the meeting to the transaction of business because the meeting
is not lawfully called or convened and does not participate thereafter in the
meeting, or votes against the action at the meeting or is prohibited from voting
on the action due to a conflict of interest.

3.14   ABSENT MANAGER.

A Manager may give advance written consent or opposition to a proposal to be
acted on at a Board of Managers meeting. If the Manager is not present at the
meeting, consent or opposition to a proposal shall not constitute presence for
purposes of determining the existence of a quorum, but consent or opposition
shall be counted as a vote in favor of or against the proposal and shall

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be entered in the minutes or other record of action at the meeting, if the
proposal acted on at the meeting is substantially the same or has substantially
the same effect as the proposal to which the Manager has consented or objected.

3.15   ACTION WITHOUT A MEETING.

       (a)   WRITTEN ACTION PERMITTED. Any action required or permitted to be
             taken at a meeting of the Board of Managers may be taken by written
             action signed by all of the Managers. Except as specifically set
             forth herein or in any Membership Control Agreement, Members shall
             take action by the affirmative vote of a majority of the voting
             power of all Membership Interests entitled to vote present (in
             person or by proxy) at any meeting of the Members at which a quorum
             is present. Any action required or permitted to be taken at a
             meeting of the Members may be taken by written action signed by all
             of the Members with Membership Interests entitled to vote. Any
             written action may be executed in one or more counterparts, each of
             which shall be deemed an original, but all of which shall together
             constitute one and the same instrument.

       (b)   EFFECTIVE DATE. The written action shall be effective when signed
             by the required number of Managers, unless a different effective
             time is provided in the written action.

       (c)   NOTICE TO MANAGER. When written action is permitted to be taken by
             less than all Managers, all Managers shall be notified immediately
             of its text and effective date. Failure to provide the notice shall
             not invalidate the written action. A Manager who does not sign or
             consent to the written action shall have no liability for the
             action or actions taken thereby.

3.16   RESIGNATION.

A Manager may resign at any time by giving written notice to the Company. The
resignation shall be effective without acceptance when the notice is given to
the Company, unless a later effective time is specified in the notice.

3.17   REMOVAL.

Any one or all of the Managers may be removed at any time, with or without
cause, by the affirmative vote of the holders of power sufficient to elect such
Manager; provided, however, that if the Company has cumulative voting, unless
the entire Board of Managers is removed simultaneously, a Manager shall not be
removed from the Board of Managers if there are cast against removal of the
Manager the votes sufficient to elect the Manager at an election of the entire
Board of Managers under cumulative voting. A Manager may be removed at any time,
with or without cause, by the affirmative vote of a majority of the remaining
Managers present if the Manager was named by the Board of Managers to fill a
vacancy, and the Members have not elected Managers in the interval between the
time of appointment to fill the vacancy and the time

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of removal. Removal of a Manager, whether by Members or Managers, shall be
subject to the provisions of any Membership Control Agreement.

3.18   VACANCIES.

Any vacancy occurring on the Board of Managers resulting from the death,
resignation, removal or disqualification of a Manager may be filled by the
affirmative vote of a majority of the remaining Managers, even though less than
a quorum. Vacancies on the Board of Managers resulting from newly created
Manager positions may be filled by the affirmative vote of a majority of the
Managers serving at the time of the increase. A Manager elected to fill a
vacancy shall hold office until a qualified successor is elected by the Members
at the next regular or special meeting of the Members, or until his or her
earlier death, resignation, removal or disqualification.

3.19   COMPENSATION.

Managers and any Member of any committee of the Company, whether contemplated by
this Operating Agreement or otherwise provided for by resolution of the Board of
Managers, shall receive such compensation as may be determined from time to time
by resolution of the Board of Managers. No such payment shall preclude any
Manager from serving the Company in any other capacity and receiving
compensation therefor.

                              ARTICLE 4 COMMITTEES

4.1    GENERALLY.

By resolution approved by the affirmative vote of a majority of the Managers
holding office may establish committees having the authority of the Board of
Managers in the management of the business of the Company to the extent provided
in the resolution; provided that no committee may exercise any function of the
Board of Managers requiring the approval of more than a majority of the Managers
unless such committee is established and appointed by the required percentage of
Managers and its actions are approved by such required percentage. Committees
other than special litigation committees shall be subject at all times to the
direction and control of the Board of Managers.

4.2    MEMBERSHIP.

A committee shall consist of one or more natural persons, who need not be
Managers, appointed by affirmative vote necessary for the establishment of the
committee under Article 4.1 hereof.

4.3    QUORUM.

A majority of the Members of the committee present at a meeting shall constitute
a quorum for the transaction of business, unless a larger or smaller proportion
or number is required or provided in a resolution establishing the committee.

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4.4    PROCEDURE.

The provisions of Articles 3.6 through 3.19 of this Operating Agreement shall
apply to committees and Members of committees to the same extent as those
Articles apply to the Board of Managers and officers. Any action required or
permitted to be taken at a committee meeting may be taken by a written action
signed collectively, or individually in counterparts, by all Members of such
committee.

4.5    MINUTES.

Minutes, if any, of committee meetings shall be made available upon request to
Members of the committee and to any Manager.

                               ARTICLE 5 OFFICERS

5.1    NUMBER.

The officers of the Company shall include one or more natural persons or
entities who shall be designated Chief Manager and Treasurer, each of which
positions shall be elected by the Board of Managers. None of the officers need
be Members of the Board of the Company. The Board of Managers also may, in its
discretion, elect one or more other officers who may be designated a secretary
or any other office (the number thereof to be determined by the Board of
Managers). Any two or more offices may be held by the same person. Except as
otherwise prohibited, any officer may delegate any or all of the powers or
duties of such officer to other persons.

5.2    ELECTION AND TERM OF OFFICE.

The officers of the Company shall be elected by the Board of Managers. In the
absence of an election or appointment of officers by the Board of Managers, the
person or persons exercising the principal functions of the Chief Manager or the
Treasurer shall be deemed to have been elected to those positions. Each officer
shall hold his or her position until his or her successor is elected and has
qualified, or until his or her earlier death, resignation, removal or
disqualification. The election or appointment of a person as an officer or agent
shall not, of itself, create contract rights.

5.3    RESIGNATION.

An officer may resign at any time by giving written notice to the Company. The
resignation shall be effective without acceptance when the notice is given to
the Company, unless a later effective date is specified in the notice.

5.4    REMOVAL.

An officer may be removed at any time, with or without cause, by a resolution
approved by the affirmative vote of a majority of the Managers, subject to the
provisions of any Membership Control Agreements.

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5.5    VACANCY.

A vacancy in any position because of death, resignation, removal,
disqualification or other cause may, or in the case of a vacancy in the position
of Chief Manager or Treasurer shall, be filled by the Board of Managers for the
unexpired portion of the term.

5.6    CHIEF MANAGER.

Except as otherwise determined by the Board of Managers, the Chief Manager will
be the Chief Executive Officer of the Company and s/he shall:

       (a)   Have general active management of the business of the Company;

       (b)   When present, and in the absence of a Chair of the Board, preside
             at all meetings of the Board of Managers and of the Members;

       (c)   See that all orders and resolutions of the Board of Managers are
             carried into effect;

       (d)   Be an ex officio Member of all standing committees;

       (e)   Sign and deliver in the name of the Company any deeds, mortgages,
             bonds, contracts or other instruments pertaining to the business of
             the Company, except in cases in which the authority to sign and
             deliver is required by law to be exercised by another person or is
             expressly delegated by the Articles of Organization or this
             Operating Agreement or by the Board of Managers to some other
             Manager or agent of the Company; and

       (f)   Perform other duties prescribed by the Board of Managers.

5.7    TREASURER.

The Treasurer shall be the chief financial officer of the Company and shall:

       (a)   Keep accurate financial records for the Company;

       (b)   Deposit all moneys, drafts and checks in the name of and to the
             credit of the Company in the banks and depositories designated by
             the Board of Managers;

       (c)   Endorse for deposit all notes, checks and drafts received by the
             Company as ordered by the Board of Managers, making proper vouchers
             therefor;

       (d)   Disburse corporate funds and issue checks and drafts in the name of
             the Company, as ordered by the Board of Managers;

Operating Agreement                    13
BC Restaurants, LLC.

<Page>

       (e)   Render to the Board of Managers and the Chief Manager, whenever
             requested, an account of all transactions by the Treasurer and of
             the financial condition of the Company;

       (f)   Perform other duties prescribed by the Board of Managers or by the
             Chief Manager; and

       (g)   If required by the Board of Managers, give a bond for the faithful
             discharge of his or her duties in such sum and with such surety or
             sureties as the Board of Managers shall determine.

5.8    SECRETARY.

The Secretary, if any, shall:

       (a)   Maintain records of and, whenever necessary, certify all
             proceedings of the Board of Managers and the Members;

       (b)   See that all notices are duly given in accordance with the
             provisions of this Operating Agreement or as required by law;

       (c)   Maintain and be custodian of the required records of the Company
             and of the seal of the Company, if any; and

       (d)   Perform other duties prescribed by the Board of Managers or by the
             Chief Manager.

5.9    OTHER OFFICERS.

In the absence of the Chief Manager or in the event of his or her death,
inability or refusal to act, any other officer designated by the Board of
Managers, (or in the event there be more than one other officer, the officers in
the order designated at the time of their election, or in the absence of any
designation, then in the order of their election) shall perform the duties of
the Chief Manager, and when so acting, shall have all the powers of and be
subject to all the restrictions upon the Chief Manager.

5.10   ASSISTANT OFFICERS.

In the event of the absence or disability of any designated officer, secretary,
or treasurer, the assistants to such positions shall succeed to the powers and
duties of the absent officer in the order in which they are elected or as
otherwise prescribed by the Board of Managers until the principal officer shall
resume his or her duties or a replacement is elected by the Board of Managers.
The assistant officers shall exercise such other powers and duties as may be
delegated to them from time to time by the Board of Managers, but they shall be
subordinate to the principal officer they are designated to assist. If requested
by the Board of Managers, the assistant treasurers shall give bonds for the
faithful discharge of their duties in such sums and with sureties as the Board
of Managers shall determine.

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BC Restaurants, LLC.

<Page>

5.11   CHAIR OF THE BOARD.

A Chair of the Board of Managers may be elected by the Board of Managers. He or
she shall, when present, preside at all meetings of the Board of Managers and of
the Members, and shall perform such duties as shall be prescribed by the Board
of Managers.

5.12   COMPENSATION.

The compensation of the officers shall be fixed from time to time by the Board
of Managers and no officer shall be prevented from receiving such compensation
by reason of the fact that he or she is also a Manager of the Company. The Board
of Managers may authorize and empower the Chief Manager or any officer of the
Company to fix the salaries of all officers of the Company who are not Managers
of the Company.

                            ARTICLE 6 INDEMNIFICATION

The Company shall indemnify any person who is or was a Manager, officer,
committee Member or employee of the Company, in accordance with and to the
fullest extent provided by the provisions of the Act. In consideration of such
right of indemnification, the Company shall have the right to appoint counsel of
its choosing in any action brought against any such Manager, officer, committee
Member or employee to protect the interest of the Company.

                ARTICLE 7 MEMBERSHIP INTERESTS AND THEIR TRANSFER

7.1    LIMITATIONS BY OTHER AGREEMENTS.

The provisions of this Article are limited in their entirety by the provisions
of the Articles of Organization, any Membership Control Agreement or Member
voting agreement, or the mandatory provisions of the Act thereof, and any
provision of this Article in contradiction with any such article, agreement or
law shall be null and void.

Any issuance of any Membership Interest of the Company or any options, warrants,
Membership rights, convertible debentures or similar securities shall require
the affirmative vote of a majority of the Board of Managers of the Company, and
such action shall be necessary to accept contributions, make contribution
agreements or make contribution allowance agreements in accordance with the Act.

7.2    TRANSFER OF MEMBERSHIP INTERESTS RESTRICTED.

A Member may assign the Member's full Membership Interest only by assigning all
of the Member's governance rights coupled with a simultaneous assignment to the
same assignee of all of the Member's economic rights. A Member's economic rights
and governance rights are assignable, in whole or in part, only as provided in
this Article and after compliance with the provisions hereof. Any Member may
assign his or her Membership Interests freely to any

Operating Agreement                    15
BC Restaurants, LLC.

<Page>

Member or non-Member, except as otherwise provided in this Operating Agreement,
the Articles of Organization or any Membership Control Agreement.

7.3    TRANSFER OF MEMBERSHIP INTERESTS.

Transfer of Membership Interests of the Company shall be made only in the
required records of the Company by the record holder thereof or by his or her
legal representative who shall furnish proper evidence of authority to transfer
and compliance with the provisions of this Article. The person in whose name
Membership Interests stand in the required records of the Company shall be
deemed by the Company to be the owner thereof for all purposes unless a
different beneficial owner shall have been designated pursuant to this Operating
Agreement.

7.4    INDEBTEDNESS OF MEMBERS.

The Company shall have a first lien on all Membership Interests and upon all
distributions declared upon the same for any indebtedness of the respective
holders thereof to the Company. No Membership Interest or the economic or
governance rights therein shall be considered a certified security, uncertified
security, chattel paper, instrument or account under California Law; but each
Membership Interest, economic right and governance right shall be deemed a
general intangible.

7.5    TRANSFER AGENT AND REGISTRAR.

The Board of Managers may appoint one or more transfer agents, transfer clerks,
or registrars to maintain the required records of the Company and may require
any statements which may be used to describe any Membership Interests to bear
the signature or signatures of any of them; provided that no such statement
shall be a negotiable instrument and no such statement may serve as a vehicle by
which the transfer of any Membership Interest may be effected.

7.6    ASSIGNMENT OF ECONOMIC RIGHTS PERMITTED.

Except as provided in this Article, a Member's economic rights are transferable
in whole or in part.

       (a)   RESTRICTIONS OF ASSIGNMENT OF MEMBERSHIP INTERESTS. A restriction
             on the assignment of Membership Interests or any part thereof may
             be imposed in the Articles of Organization or by an agreement among
             or other written action by Members or among them and the Company. A
             restriction is not binding with respect to Membership Interests
             reflected in the required records before the adoption of the
             restriction, unless the owners of those Membership Interests are
             parties to the agreement or voted in favor of the restriction.

       (b)   NOTICE IN REQUIRED RECORDS. A written restriction on the assignment
             of economic rights that is not manifestly unreasonable under the
             circumstances and is noted conspicuously in the required records
             may be enforced against the owner of the restricted economic rights
             or a successor or transferee of the owner including a pledgee or a
             legal representative. Unless noted conspicuously in the required

Operating Agreement                    16
BC Restaurants, LLC.

<Page>

             records, a restriction, even though permitted by this Article, is
             ineffective against a person without knowledge of the restriction.

7.7    EFFECT OF ASSIGNMENT OF ECONOMIC RIGHTS.

An authorized assignment of a Member's economic rights entitles the assignee to
receive, to the extent assigned, only the share of profits and losses and the
distributions to which the assignor would otherwise be entitled. An assignment
of a Member's economic rights does not dissolve the Company and does not entitle
or empower the assignee to become a Member, to exercise any governance rights,
to receive any notices from the Company, or to cause dissolution. The assignment
of economic rights may not allow the assignee to control the assignor Member's
exercise of governance rights.

                    ARTICLE 8 CONTRIBUTIONS AND DISTRIBUTIONS

8.1    POWER TO MAKE DISTRIBUTIONS.

Except as specifically provided in the Articles of Organization, any Membership
Control Agreement or this Operating Agreement to the contrary, the Board of
Managers may authorize, and cause the Company to make, a distribution only if
the Board of Managers determines, in accordance with California law, that the
Company will be able to pay its debts in the ordinary course of business after
making the distribution and the Board of Managers does not know before the
distribution is made that the determination was or has become erroneous. Such
determination shall be made as of the earlier of the date of cessation of
Membership or due date of payment (including the date debt is incurred) for a
redemption, or the authorization (if paid within 120 days) or the date of
payment (if after 120 days). For purposes of this Article, "distribution" means
a direct or indirect transfer of money or other property, other than Membership
Interests of the Company, with or without consideration, or an incurrence or
issuance of indebtedness by the Company to or for the benefit of its Members in
respect of its Membership Interests. A distribution may be in the form of an
operating distribution or a distribution in liquidation, or as consideration for
the purchase, redemption or other acquisition of the Company's Membership
Interests or otherwise.

8.2    RELIANCE.

For purposes of Article 8.1 and all other provisions of this Agreement, a
Manager, in good faith, is entitled to rely on information, opinions, reports,
or statements, including financial statements and other financial data, in each
case prepared or presented by:

       (a)   One or more Managers or employees of the Company whom the Managers
             reasonably believes to be reliable and competent in the matters
             presented; or

       (b)   Counsel, public accountants, or other persons as to matters that
             the Manager reasonably believes are within the person's
             professional or expert competence; or

Operating Agreement                    17
BC Restaurants, LLC.

<Page>

       (c)   A committee of the Board of Managers upon which the Manager does
             not serve, duly established in accordance with Article IV hereof,
             as to matters within its designated authority, if the Manager
             reasonably believes the committee to merit confidence; provided

       (d)   If the determination is made on the basis of financial information,
             it is prepared in accordance with accounting methods, or a fair
             valuation or other method, reasonable in the circumstances.

8.3    ALLOCATIONS AND DISTRIBUTIONS IN KIND.

Except as authorized in the Articles of Organization or any Membership Control
Agreement, distributions must be allocated in proportion to the value of the
contributions of the Members as reflected in the required records. Except as
provided in the Articles of Organization or any Membership Control Agreement, a
Member, regardless of the nature of the Member's contribution, has no right to
demand and receive any distribution in any form other than cash. Except as
provided in the Articles of Organization or any Membership Control Agreement, a
Member may not be compelled to accept a distribution of any asset in kind from
the Company to an extent greater than the percentage in which the Member shares
in distributions from the Company.

8.4    LIABILITY FOR ILLEGAL DISTRIBUTIONS.

       (a)   MEMBERS. A Member who receives a distribution made in violation of
             the Articles of Organization, this Operating Agreement or any
             Membership Control Agreement is liable (if timely action is brought
             within two (2) years of the date of distribution) to the Company,
             its receiver or other person winding up its affairs, or a Manager
             as provided by law, but only to the extent that the distribution
             received by the Member exceeded the amount that properly could have
             been paid under said provisions of California statutes.

       (b)   MANAGERS. A Manager shall only be liable for an improper
             distribution if

             (i)    The Manager is present at a meeting and fails to vote
                    against, or who consents in writing to, a distribution made
                    in violation of law or a restriction contained in the
                    Articles of Organization, this Operating Agreement or a
                    Membership Control Agreement;

             (ii)   The Manager fails to comply with the standard of conduct
                    provided by law; and

             (iii)  Action relating to such liability is commenced within two
                    (2) years of the date of distribution.

Under such circumstances, the Manager is liable to the Company jointly and
severally with all other Manager so liable and to other Manager, but only to the
extent that the distribution

Operating Agreement                    18
BC Restaurants, LLC.

<Page>

exceeded the amount that properly could have been paid. In any such situation, a
Manager shall be entitled to pro-rata contribution from similarly situated
Managers and pro rata contribution from each Member receiving such distribution.

                   ARTICLE 9 FINANCIAL AND PROPERTY MANAGEMENT

9.1    FISCAL YEAR.

The fiscal year of the Company shall be determined from time to time by the
Board of Managers.

9.2    AUDIT OF BOOKS AND ACCOUNTS.

The books and accounts of the Company may, but need not, be audited at such
times as may be ordered by the Board of Managers.

9.3    CONTRACTS.

The Board of Managers or such Manager or person to whom such power shall be
delegated by the Board of Managers by resolution may, except as otherwise
provided in any agreement, authorize any Manager, agent or employee, either by
name or by designation of their respective offices, positions or classes, to
enter into any contract or execute and deliver any instrument in the name of and
on behalf of the Company, and such authority may be general or confined to
specific instances, and unless so authorized, no Manager, agent or employee
shall have any power or authority to bind the Company by any contract or
engagement, or to pledge its credit, or to render it liable pecuniarily for any
purpose or in any amount.

9.4    CHECKS.

All checks, drafts, or other orders for the payment of money, notes, or other
evidences of indebtedness issued in the name of the Company shall be signed by
the Chief Manager and/or such other Manager or Managers, agent or agents of the
Company and in such manner as shall from time to time be determined by
resolution of the Board of Managers.

9.5    DEPOSITS.

All funds of the Company not otherwise employed may be deposited from time to
time to the credit of the Company in such banks, trust companies, market funds
or other depositories as the Board of Managers may select.

9.6    VOTING SECURITIES HELD BY COMPANY.

The Chief Manager, or other agent designated by the Board of Managers or Chief
Manager, shall have full power and authority on behalf of the Company to attend,
act and vote at any meeting of security holders of other companies in which this
Company may hold securities. At such meeting, the Chief Manager, or such other
agent, shall possess and exercise any and all rights and powers incident to the
ownership of such securities which the Company might possess and exercise.

Operating Agreement                    19
BC Restaurants, LLC.

<Page>

9.7    LOANS.

No loans shall be contracted on behalf of this Company, and no negotiable papers
shall be issued in its name, unless and except as authorized by vote of the
Board of Managers or by such Manager, agent, employee or other person to whom
such power shall be delegated by the Board of Managers by resolution.

9.8    REQUIRED RECORDS.

The Company shall keep at its principal executive office, or at another place or
places within the United States determined by the Board of Managers, by any
storage technique deemed reasonable, the following, which shall be the required
records of the Company:

       (a)   A current list of the full name and last-known business, residence
             or mailing address of each Member, Manager, and officer;

       (b)   A current list of the full name and last-known business, residence
             or mailing address of each assignee of economic rights and a
             description of the rights assigned;

       (c)   A copy of the Articles of Organization and all amendments to the
             Articles;

       (d)   Copies of any currently effective written Operating Agreement;

       (e)   Copies of the Company's federal, state and local income tax returns
             and reports, if any, for the three most recent years;

       (f)   Financial statements required by California Law;

       (g)   Records of all proceedings of Members for the last three years;

       (h)   Records of all proceedings of the Board of Managers for the last
             three years;

       (i)   Reports made to Members generally within the last three years;

       (j)   Copies of any and all currently effective Membership Control
             Agreements;

       (k)   A statement of all contributions accepted, including for each
             contribution:

             (i)    The identity of the Member to whom the contribution relates;

             (ii)   The class or series of Membership Interest to which the
                    contribution pertains;

             (iii)  The amount of cash accepted by the Company or promised to be
                    paid to the Company;

Operating Agreement                    20
BC Restaurants, LLC.

<Page>

             (iv)   A description of any services rendered to or for the benefit
                    of the Company or promised to be rendered to or for the
                    benefit of the Company; and

             (v)    The value accorded to:

                    (aa)   Any other property transferred or promised to be
                    transferred to the Company; and

                    (bb)   Any services rendered to or for the benefit of the
                    Company or promised to be rendered to or for the benefit of
                    the Company;

       (l)   A statement of all contribution agreements, including for each
             contribution agreement:

             (i)    The identity of the would-be contributor;

             (ii)   The class or series to which the future contribution
                    pertains; and

             (iii)  As to each future contribution to be made, the same
                    information as outlined above;

       (m)   A statement of all contribution allowance agreements, including for
             each contribution allowance agreement, the information listed in
             (12) above.

       (n)   An explanation of any restatement of value relating to capital
             contributions or capital accounts.

       (o)   Any written consents obtained from Members relating to the items
             set forth herein;

       (p)   A copy of agreements, contracts, or other arrangements or portions
             of them relating to the establishment of classes or series of
             Membership interests.

9.9    RIGHT TO INSPECT.

Each Member of the Company has an absolute right, upon written demand, to
examine and copy, in person or by a legal representative, at any reasonable
time, all documents referred to in Article 9.8 and all other documents upon
showing a proper purpose. For purposes of this Article, a "proper purpose" is
one reasonably related to the person's interest as a Member of the Company.

                    ARTICLE 10 LIMITED LIABILITY COMPANY SEAL

The Company shall have no seal unless otherwise authorized by resolution of the
Board of Managers.

Operating Agreement                    21
BC Restaurants, LLC.

<Page>

             ARTICLE 11 SPECIAL LIMITED LIABILITY COMPANY PROVISIONS

11.1   TRANSFER OF GOVERNANCE RIGHTS.

Subject to any Membership Control Agreement, any Member may transfer his or her
Membership Interests in the Company, or any right to vote or receive financial
benefits under such Membership Interests, freely to any Member or non-Member.

11.2   EVENTS CAUSING DISSOLUTION.

The occurrence of one or more events listed in Section 17350(d) of the Act shall
not dissolve the Company.

                              ARTICLE 12 AMENDMENT

Except as specifically provided in the Articles of Organization or the
Membership Control Agreement to the contrary, this Operating Agreement may be
amended or repealed, and a new Operating Agreement may be adopted by the Board
of Managers or by the Members, except that the Board of Managers shall not
adopt, amend or repeal any provision fixing the number, term, qualifications,
election, removal or appointment of Manager nor the number of Members
constituting a quorum or the required vote of Members for any action.

                            ARTICLE 13 GOVERNING LAW

The Company has been formed under and pursuant to the provisions of the Act. All
references in this Operating Agreement to the Act shall mean and include such
title as currently enacted or hereafter amended, and any corresponding provision
hereafter in effect. This Operating Agreement will be governed by the laws of
California.

                      ARTICLE 14 MEMBERS CONTROL AGREEMENT

14.1   MEMBERS CONTROL AGREEMENT.

The Members Control Agreement attached hereto entered into and executed by all
of the Members of the Company on the date of this Agreement is incorporated
herein by reference.

14.2   CONFLICTS.

If the terms of this Operating Agreement or the Articles of Organization
conflict with any terms of the Members Control Agreement, then the provisions of
the Members Control Agreement will govern as provided for in Articles 1.2 of the
Members Control Agreement. The definitions contained in the Members Control
Agreement will be applicable in all respects to this Operating Agreement.

Operating Agreement                    22
BC Restaurants, LLC.

<Page>

                      CERTIFICATION OF OPERATING AGREEMENT

The undersigned hereby certify that the foregoing Operating Agreement was
adopted pursuant to a Written Action of the Board of Managers effective as of
the 3rd day of January, 2003.

                                        By
                                           ------------------------------------
                                           Jon D. Horowitz,
                                           Member of Board of Managers

                                        By
                                           ------------------------------------
                                           Richard H. Bryant,
                                           Member of Board of Managers

Operating Agreement                    23
BC Restaurants, LLC.<Page>

                                                                   EXHIBIT 10.22

                               BC RESTAURANTS, LLC
                            MEMBER CONTROL AGREEMENT

THIS MEMBER CONTROL AGREEMENT is made effective as of January 3, 2003, by and
among BC Restaurants, LLC, a California limited liability company (the
"Company"), and the undersigned parties listed on the last page hereof, each of
whom is a Member of the Company:

                                    RECITALS

WHEREAS, the undersigned constitute all of the current Members of the Company;
and

WHEREAS, each of the undersigned parties wishes to enter into this Member
Control Agreement (this "Agreement);

NOW, THEREFORE, for valid consideration, the parties agree as follows:

                          ARTICLE 1. GENERAL PROVISIONS

1.1     DEFINITIONS.

The terms defined in this Article 1 (except as may be otherwise expressly
provided in this Agreement or unless the context otherwise requires) shall, for
all purposes of this Agreement, have the following respective meanings:

       (a)   "Act" means the Act contained in the Beverly-Killea Limited
             Liability Company Act of California, as amended and any successor
             thereto.

       (b)   "Agreement" means this Member Control Agreement as hereafter
             amended from time to time, including any schedules to the
             Agreement.

       (c)   "Board" or "Board of Managers" means the board of governors of the
             Company.

       (d)   "Capital Account" means the account of a Member which is maintained
             in accordance with the provisions of 2.8 hereof.

       (e)   "Code" means the Internal Revenue Code of 1986, as amended and any
             successor thereto. Any reference herein to specific sections of the
             Code shall be deemed to include a reference to any corresponding
             provisions of future law.

       (f)   "Distribution" means the direct or indirect distribution of money
             or property other than Membership Interests of the Company to or
             for the benefit of a Member made in respect of a Membership
             Interest from time to time pursuant to the provisions of the
             Articles of Organization of the Company, the Operating Agreement of
             the Company or this Agreement.

       (g)   "Estimated Member Tax Liability" means 50% of the taxable income
             and gains of the Company for a given fiscal year of the Company, or
             such other percentage as the Board determines, in its sole
             discretion, is required in order to satisfy the approximate income
             tax liability to the Members resulting from the allocation of Net
             Income to the Members.

Member Control Agreement
BC Restaurants, LLC.

                                       -1-
<Page>

       (h)   "Financial Rights" means a Member's right to share in Net Income,
             Net Losses and Distributions with respect to a Membership Interest
             in accordance with this Agreement.

       (i)   "Net Cash from a Sale" means the gross amount received by the
             Company from the sale of the Elephant & Castle(R) Restaurant owned
             and operated by the Company, less the expenses of such sale or
             refinancing, and shall be distributed to the Members (from time to
             time) in such amounts as determined by the Board of Managers to
             those persons recognized on the books of the Company as Members on
             the day of such distribution.

       (j)   "Governance Rights" means all of a Member's rights as a Member in
             the Company other than Financial Rights and the right to assign
             Financial Rights.

       (k)   "Manager" means a natural person serving on the Board of Managers.

       (l)   "Chief Manager" means a person or entity elected, appointed, or
             otherwise designated as a manager or officer of the Company by the
             Board of Managers to manage the business affairs of the Company
             pursuant to the terms of the Operating Agreement and this
             Agreement.

       (m)   "Member" means a person reflected in the required records of the
             Company as the owner of some Governance Rights of a Membership
             Interest of the Company.

       (n)   "Membership Interest" means a Member's interest in the Company
             consisting of the Member's Financial Rights and Governance Rights
             with respect to the Company, which may be expressed as a percentage
             or in units of the Company.

       (o)   "Net Cash From Operations" means all revenues of the Company
             received during any period (month, calendar quarter or fiscal year)
             decreased by (i) cash expenditures for operating, administrative
             and other business expenses of the Company and (b) cash reserves
             for accounts payable, accrued expenses and working capital required
             by the Company at the end of any period.

       (p)   "Net Income" and "Net Losses" mean the profits and losses of the
             Company, as the case may be, as determined for federal income tax
             purposes as of the close of each of the fiscal years of the
             Company.

       (q)   "Nonvoting Interest" as to any Member means the percentage interest
             of such Member in the Nonvoting Membership Interests of the
             Company. The initial Nonvoting Interest of the Members are set
             forth on Schedule A for each Member.

       (r)   "Percentage Interest" as to any Member means the Member's ownership
             of the Company expressed as a percentage or computed pro rata in
             accordance with the total of all Voting and Nonvoting Membership
             Interests. The initial Percentage Interest of each Member is set
             forth on Schedule A.

Member Control Agreement
BC Restaurants, LLC.

                                       -2-
<Page>

       (s)   "Voting Interest" as to any Member means the percentage interest of
             such Member in the Voting Membership Interests of the Company. The
             initial Voting Interest of each Member is set forth on Schedule A.

1.2     BUSINESS PURPOSE.

For as long as E&C San Francisco, LLC owns a membership interest in BC
Restaurants, LLC, a California Limited Liability Company, the business purposes
of E&C San Francisco, LLC will be limited to (a) owning a membership interest in
BC restaurants, LLC and (b) operating and managing the Elephant & Castle(R)
Restaurant owned by BC Restaurants, LLC pursuant to the Management Agreement
entered into with BC Restaurants, LLC, which is incorporated herein by
reference. E&C San Francisco, LLC will not (i) incur any debt other than to
Elephant & Castle (Chicago) Incorporated, its parent company and sole member,
(ii) engage in or agree to a consolidation, liquidation, merger or asset sale,
(iii) file or consent to any bankruptcy or insolvency petition and/or (iv)
guarantee any loans or debts of any other entity. E&C San Francisco, LLC will
(A) maintain separate books and records, (B) conducts its business under its
name and no other, (C) maintain separate financial statements, (D) pay its
obligations from its own funds, (E) at no time pledge its assets to any lender,
financial institution or other entity, (F) hold itself out as a separate entity,
and (G) maintain adequate capital in light of its business operations.

1.3     ARTICLES OF ORGANIZATION AND OPERATING AGREEMENT.

Except as specifically provided herein to the contrary, the terms in this
Agreement shall have the same meanings as set forth in the Articles of
Organization and the Operating Agreement of the Company. Except as specifically
set forth in this Agreement to the contrary, the provision of the Articles of
Organization and Operating Agreement of the Company shall remain in full force
and effect; provided that in the event of a conflict between the provisions of
this Member Control Agreement and the provisions of the Articles of Organization
or Operating Agreement, the provisions of this Member Control Agreement shall
govern.

                         ARTICLE 2. MEMBERSHIP INTERESTS

2.1     INITIAL MEMBERS AND MEMBERSHIP INTERESTS.

The relative interests of each Member in the Company shall be maintained for
Financial Rights and Governance Rights. The names of the initial Members, their
respective contributions to the Company and the Membership Interest received are
set forth on Schedule A, which is attached hereto an incorporated herein by
reference.

2.2     AUTHORITY FOR ADDITIONAL MEMBERSHIP INTEREST.

Additional contributions and Membership Interests may be granted by the Board if
approved by the unanimous vote of both the Board and the Members. At the
discretion of the Board, the Membership Interests granted may be Voting
Membership Interests or Non-Voting Membership Interests.

Member Control Agreement
BC Restaurants, LLC.

                                       -3-
<Page>

2.3     MEMBERS TO USE BEST EFFORTS; COMPENSATION.

Each Member shall devote his or her best efforts and sufficient time to the
promotion of the business and services of the Company. E & C agrees that it will
manage the Restaurant in accordance with the terms of the Management Agreement
with the Company without any compensation for its services, and Battery & Clay
Associates, LLC agrees to serve as the Chief Manager of the Company without any
compensation for its services.

2.4     RESTRICTIONS ON VOTING.

A Member shall not be entitled to vote, and his or her vote shall not be counted
in determining the voting power of the Company, under the following
circumstances:

       (a)   If the subject of the vote is whether that Member should be
             declared disabled; or

       (b)   If the subject of the vote is whether to reject an obligation
             incurred by that Member as being improperly incurred on behalf of
             the Company.

2.5     POWERS RESERVED TO THE MEMBERS.

This Agreement delegates all powers to the Board of Managers and the Chief
Manager except the following powers which are specifically reserved to the
Members of the Company:

       (a)   Expulsion of any Member;

       (b)   Choice of the Company name;

       (c)   Location of the Company office(s);

       (d)   Approval of any merger, acquisition, consolidation, and the sale of
             over 20% of the Company's assets;

       (e)   Dissolution or termination of the Company;

       (f)   Amendment of this Agreement;

       (g)   Amendment of the Articles of Organization;

       (h)   Purchase, sale, lease, expenditure, borrowing or other transaction
             with a value of more than $100,000; and

       (i)   Election of the Board of Managers.

All of the actions referred to in (a)-(i) above, must be made with at least 70%
of the Voting Membership Interests of the Company.

2.6     NO LIABILITY OF A MEMBER FOR COMPANY OBLIGATION.

No Member shall be liable for an obligation of the Company except upon the
written guaranty of the Member therefore. Any obligation properly incurred by a
Member on behalf of the Company, whether in contract, tort or otherwise, shall
be deemed to be an obligation of the

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Company. Any determination as to whether or not the obligation is covered by the
Company insurance policies shall not be a determinative on the question of
whether the obligation was properly incurred. Such determination shall be made
independently by the Company and shall be based on all relevant factors
including habit, custom and practice. An obligation shall be deemed to have been
properly incurred unless it is incurred with actual fraudulent, dishonest,
criminal or malicious purpose or intent. Any Member against whom any such
Company obligation is asserted shall immediately notify the Chief Manager. The
Chief Manager shall bring such matters to the attention of the Board of Managers
who shall consider the asserted claim and vote on its disposition. In the event
that a Member is sued on a Company obligation, the Company shall undertake the
defense of such suit and shall pay any judgment rendered or settlement reached.
Any Member who is nevertheless compelled to make payment on any Company
obligation shall have the right to demand and immediately receive from the
Company the amount so paid. To the extent that the assets of the Company are
insufficient to make such payment and such liability is based upon a pro rata
distribution of Company assets or income to a Member, or the liability of any
Member is based upon a piercing of the entity of the Company, then as between
the Members only and not for the benefit of any other party, such Member shall
be entitled to a pro rata contribution from each other Member of the Company. In
the event, however, that the liability was incurred with actual fraudulent,
dishonest, criminal or malicious purpose or intent, that Member shall be
required to bear the entire liability and the Company or any of the several
Members who may be compelled to pay all or any part of the liability shall be
entitled to recover that payment from the Member who caused the liability to be
incurred.

2.7     VOTING.

Members shall be entitled to vote on all matters in proportion to their Voting
Interests which are set forth in Schedule A. The holders of the Membership
Interests shall not have the right of cumulative voting and shall have the
pre-emptive rights provided under the Act.

2.8     CAPITAL ACCOUNTS.

A Capital Account shall be established for each Member and shall be maintained
in accordance with Treasury Regulation Section 1.704-1(b). Any Member who shall
receive any Membership Interest in the Company or whose Membership Interest
shall be increased by means of the transfer to such Member of any Financial
Rights in the Company from another Member shall have a Capital Account that has
been appropriately adjusted to reflect such transfer. Except as provided herein,
no interest shall be paid by the Company on capital contributions or on balances
in Members' Capital Accounts.

                    ARTICLE 3. ALLOCATIONS AND DISTRIBUTIONS

3.1     ALLOCATION OF NET INCOME AND NET LOSS.

Except as otherwise provided in this Agreement, the Net Income and Net Loss of
the Company for each fiscal year, including each item of income, gain, loss,
deduction or credit, shall be allocated to the Members in accordance with their
Percentage Interests as reflected in the required records of the Company
(Schedule A). In the case of a valid assignment of a Membership Interest, the
allocation of such taxable items to such Membership Interest shall be

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                                       -5-
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allocated between the assignor and the assignee to reflect their varying
interests in the Company during the fiscal year.

3.2     DISTRIBUTIONS OF NET CASH FROM OPERATION AND NET CASH FROM A SALE.

       (a)   Distributions of Net Cash from Operations. Commencing with the
             calendar year beginning January 1, 2003 and in each calendar year
             thereafter, the Board will determine the amount of the Net Cash
             from Operations and the Chief Manager will distribute the Net Cash
             from Operations to the Members on or before the 25th day after the
             end of each calendar year. The distributions of Net Cash from
             Operations will be distributed to the Members as follows:

             (i)    First, distributable Net Cash from Operations between $1 and
                    $175,000 will be paid (1) 85% to the Chief Manager and (2)
                    15% to the Members (other than the Chief Manager);

             (ii)   Then, distributable Net Cash from Operations between
                    $175,001 and $375,000 will be paid (1) 50% to the Chief
                    Manager and (2) 50% to the Members (other than the Chief
                    Manager); and

             (iii)  Thereafter, distributable Net Cash from Operations over
                    $375,000 shall be paid (1) 66 2/3% to the Chief Manager and
                    (2) 33 1/3% to the Members (other than the Chief Manager).

       (b)   At the discretion of the Chief Manager, the determination of the
             amount of Net Cash from Operations and distributions of Net Cash
             from Operations set forth in paragraph (a) above may be made on a
             quarterly basis, PROVIDED, HOWEVER, that the annual benchmarks for
             distributable Net Cash from Operations set forth in paragraph (a)
             above shall be adjusted to quarterly benchmarks by multiplying such
             annual benchmarks by 25%.

       (c)   Distribution of Net Cash from a Sale. Distributions to Members of
             Net Cash from a Sale of the Restaurant received by the Company will
             be distributed as follows:

             (i)    The first Net Cash from a Sale shall be distributed pro-rata
                    to all Members, as a return of their outstanding Capital
                    Contribution.

             (ii)   After return of the Capital Contribution to each Member,
                    then each Member will receive a sum equal to 8% per annum
                    simple interest as a return on its outstanding Capital
                    Contribution for the period such Capital Contribution was
                    outstanding This amount shall be reduced by any
                    distributions of Net Cash from Operations received by any
                    Member under Article 3.2(a).

             (iii)  All remaining Net Cash from a Sale shall be distributed (1)
                    33-1/3% to the Members (other than the Chief Manager), and
                    (2) 66-2/3% to the Chief Manager.

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3.3     LIQUIDATING DISTRIBUTIONS.

If the Company is dissolved and its business is being liquidated in accordance
with the Act, the Company shall cease to carry on its business, except to the
extent necessary for the winding up of the business of the Company. The Company
shall thereafter be wound up and terminated as provided by the Act. All tangible
and intangible property of the Company, including money, remaining after the
discharge of the debts, obligations, and liabilities of the Company shall be
distributed to the Members as follows:

       (a)   To the Members in proportion to, and to the extent of, the positive
             balances in their Capital Accounts (excluding adjustments to any
             Capital Account solely for tax purposes); and

       (b)   The remainder, if any, to the Members in accordance with their
             Percentage Interests (as set forth on Schedule A).

Notwithstanding the foregoing, the tangible property constituting the Elephant &
Castle Package will be returned to Elephant & Castle International, Inc. or its
assignee, prior to the time any liquidating distribution is made to the Members.

3.4     DISTRIBUTIONS TO PAY TAXES.

The Board may, with a unanimous vote, annually authorize the distribution of
cash to the Members based on their Percentage Interests in an amount of the
Estimated Member Tax Liability to the extent such a distribution is legally
permitted. Such Distribution, if made, shall be made on or before April 1 of
each year for the Estimated Member Tax Liability due with respect to the
immediately preceding year.

                            ARTICLE 4. CHIEF MANAGER

4.1     CHIEF MANAGER.

Except as otherwise provided in the Agreement, the management of the Company and
all decisions concerning the business affairs of the Company shall be made by
the Chief Manager. The initial Chief Manager will be Battery & Clay Associates,
LLC.

4.2     AUTHORITY TO BIND THE COMPANY.

Only the Chief Manager and the authorized agents of the Company will have the
authority to bind the Company.

4.3     ACTIONS OF THE CHIEF MANAGER.

No Person dealing with the Company shall have any obligation to inquire into the
power or authority of the Chief Manager for any actions taken on behalf of the
Company. The Chief Manager will have the right to legally obligate the Company
to any agreement including general contracts, leases, mortgages or deeds.

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4.4     COMPENSATION OF CHIEF MANAGER.

The Chief Manager will not be entitled to compensation for performing any
services for or on behalf of the Company. The Chief Manager shall not be
required to devote full time to the management of the Company business, but only
so much time as shall be necessary or appropriate for the proper management of
the business of the Company.

4.5     CHIEF MANAGER'S STANDARD OF CARE.

The Chief Manager shall discharge the Chief Manager's duties to the Company and
other Members in good faith and with that degree of care that an ordinarily
prudent person in a similar position would use under similar circumstances. In
discharging its duties, a Chief Manager shall be fully protected in relying in
good faith upon the records required to be maintained by the Company and upon
such information, opinions, reports or statements by any person as to matters
the Chief Manager reasonably believes are within such other person's
professional or expert competence and who has been selected with reasonable care
by or on behalf of the Company, including information, opinions, reports or
statements as to the value and amount of the assets, liabilities, profits or
losses of the Company, or any other facts pertinent to the existence and amount
of assets from which Distributions to Members might properly be paid. The
Company shall indemnify and hold the Chief Manager harmless against any loss,
damage or expense (including attorneys' fees) incurred by the Chief Manager as a
result of any act performed or omitted on behalf of the Company or in
furtherance of the Company's interests without, however, relieving the Chief
Manager of liability for failure to perform its duties in accordance with the
standards under this Agreement, the Operating Agreement and the Act. The
satisfaction of any indemnification and any holding harmless shall be from and
limited to Company property and the other Members shall not have any personal
liability for any acts of the Chief Manager.

4.6     RESIGNATION; REMOVAL OF CHIEF MANAGER.

The Chief Manager shall not have a right to resign and may not be removed by the
Members other than by a vote of 100% of the Voting Membership Interests of all
of the Members.

                             ARTICLE 5. TAX MATTERS

5.1     TAX CHARACTERIZATION AND RETURNS.

The Members acknowledge that the Company will be treated as a "partnership" for
tax purposes. Within 90 days after the end of each fiscal year, the Chief
Manager will cause to be delivered to each person who was a Member at any time
during such fiscal year a Form K-1 and such other information, if any, with
respect to the Company as may be necessary for the preparation of such Member's
federal or state income tax returns, including a statement showing each Member's
share of income or loss, gain and credits for such fiscal year.

5.2     ACCOUNTING DECISIONS.

All decisions as to accounting matters shall be made by the Board in its sole
discretion. The Company, at the sole discretion of the Board, also may make or
revoke such elections as may be allowed pursuant to the Code, including the
election referred to in Section 754 of the Code to adjust the basis of Company
property.

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                                       -8-
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5.3     TAX MATTERS MEMBER.

The Board hereby appoints the Chief Manager to act on behalf of the Company as
the "tax matters partner" within the meaning of Section 6231(a)(7) of the Code.
The Chief Manager will, for the purposes of this Agreement, act as the initial
tax matters partner until the Board determines otherwise.

5.4     COMPLIANCE WITH INTERNAL REVENUE CODE.

       (a)   LIMITATION ON LOSS ALLOCATION. Notwithstanding anything herein to
             the contrary, no allocation of loss may be made to any Member if
             such loss causes such Member to have a negative balance in his or
             her capital account after such capital account is (i) credited by
             any amounts which such Member is obligated to restore or is deemed
             to be obligated to restore pursuant to Treasury Regulations Section
             1.704, and (ii) debited by the items described in said Regulations.
             The foregoing limitation is intended to comply with the provisions
             of Treasury Regulations Section 1.704-1(b)(2)(ii) and shall be
             interpreted consistently therewith. Members with deficit capital
             account balances resulting in whole or in part from allocations of
             losses or deductions attributable to non-recourse indebtedness
             shall be allocated income or gain in an amount not less than the
             "minimum gain", and at a time no later than the time at which the
             "minimum gain" is reduced below the sum of such deficit capital
             account balances, or as soon thereafter as possible. In the event
             there is a net decrease in the minimum gain of the Company (as
             defined in Treasury Regulations Section 1.704-2) during any fiscal
             year of the Company, all Members with a deficit capital account
             balance at the end of such year (adjusted as required by said
             Regulations) shall be allocated items of income and gain for such
             year in the amount and in the proportions necessary to eliminate
             such deficits as quickly as possible. In the event a Member
             unexpectedly receives an adjustment, allocation or distribution as
             described in Treasury Regulations Section 1.704-1(b)(2)(ii)(d), and
             such unexpected adjustment, allocation or distribution puts such
             Member's capital account into a deficit balance (or increases such
             deficit balance), then such Member shall be allocated items of
             income and gain in an amount and manner sufficient to eliminate
             such deficit balance (or such increase) as quickly as possible;
             said adjustment to result in a "qualified income offset" as defined
             in Treasury Regulations Section 1.704-1(b)(2)(ii)(d). Any Company
             deductions that would be non-recourse deductions as defined in
             Treasury Regulations Section 1.704-2 if they were not attributable
             to a loan made or guaranteed by a Member shall be allocated to the
             Member or Members who shared the risk of loss with respect to which
             the loan deductions are attributable in accordance with Treasury
             Regulations Section 1.704-2. The allocations set forth in this
             Paragraph are intended to comply with certain requirements of
             Treasury Regulations Sections 1.704-1(b) and 1.704-2.
             Notwithstanding any other provision of this Agreement, the
             allocations of income, gain, loss, deduction or credit among the
             Members shall be allocated so that, to the extent possible, the net
             amount of such allocations to each Member shall be equal to the net
             amount which would have been allocated to such Member if the
             allocations required by Treasury Regulation had not occurred.

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                                       -9-
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       (b)   ALLOCATIONS ON ACCOUNT OF BASIS. The income, gain, loss and/or
             deductions with respect to any property contributed to the Company
             shall, solely for tax purposes, be allocated among the Members so
             as to take into account any variation between the adjusted basis of
             such property to the Company for federal income tax purposes and
             its book value in the same manner as such variations are required
             to be treated under Section 704(c) of the Internal Revenue Code.

       (c)   NO OBLIGATION TO RESTORE DEFICITS. In the event that any Member has
             a negative capital account balance after dissolution and winding up
             of the Company, such Member shall not be obligated to contribute
             capital in the amount of such deficit except to the extent
             specifically set forth in this Agreement to the contrary.

       (d)   REEVALUATION OF INTERESTS. Upon the admission of each new Member,
             which may only occur upon the vote of 100% of the Voting Membership
             Interests, the value of the Company shall be subject to
             re-valuation at the discretion of the Board of Managers. If the
             Board of Managers determines that a re-valuation is appropriate, or
             if no determination is made by the Board, then the capital accounts
             of each existing Member shall be adjusted upon the contribution of
             capital by the new Member. Except in the event additional
             Membership Units are specifically issued to such Member upon such
             contribution to capital, any adjustment to the Capital Account of
             any Member shall not, except by a vote of 100% of the Voting
             Memberships, change the Percentage Interest of such Member or the
             rights of such Member to allocations or Net Income or Net Loss and
             Distributions, and all Financial Rights and Governance Rights shall
             be determined based upon the Membership Units owned by such Members
             as reflected in the required records of the Company.

                   ARTICLE 6. TRANSFER OF MEMBERSHIP INTERESTS

6.1     TRANSFER OF MEMBERSHIP INTERESTS.

No Member may transfer or assign his or her Membership Interests except as
provided in this Article 6.

6.2     RELATED COMPANY TRANSFERS.

Any Member may transfer or assign his or her Membership Interests to a related
party, PROVIDED HOWEVER, that E&C San Francisco, LLC [or any related party
holding Membership Interests originally owned by E&C San Francisco, LLC] may
transfer or assign such Membership Interests only to a related party that is
bankruptcy remote.

6.3     BANKRUPTCY OF E&C SAN FRANCISCO, LLC.

       (a)   If, at any time it is a Member, E&C San Francisco, LLC (hereinafter
             referred to as "E&C") files for bankruptcy under any federal or
             state law and the bankruptcy filing (i) does not prohibit or
             preclude E&C from substantially performing the services required
             under the Management Agreement between E&C and the Company (the
             "Management Agreement"), and (ii) the License Agreement

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                                      -10-
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             between Elephant & Castle International Inc. (the "License
             Agreement") remains in full and effect and the Company continues to
             have the right to operate its restaurant business under the
             Elephant & Castle(R)brand name, then this Member Control Agreement
             shall remain in full force and effect.

       (b)   If, at any time it is a Member, E&C files for bankruptcy under any
             federal or state law and the bankruptcy filing (i) prohibits or
             precludes E& C from substantially performing the services required
             under the Management Agreement and (ii) the License Agreement
             remains in full force and effect and the Company continues to have
             the right to operate its restaurant business under the Elephant &
             Castle(R)brand name, then Battery & Clay Associates, LLC
             (hereinafter referred to as "Battery & Clay") will have the right
             to purchase, and E&C will be required to sell to Battery & Clay,
             17 1/3% of the Membership Interests owned by E&C in the Company, in
             consideration of which (A) Battery & Clay will be responsible for
             and will undertake all of the management, operational and other
             obligations of E&C under the Management Agreement, (B) the
             Management Agreement will terminate in all respects, and (C) E&C
             will be released from all liability and obligations under the
             Management Agreement.

       (c)   If, at any time it is a Member, E&C files for bankruptcy under any
             federal or state law and the bankruptcy filing (i) prohibits or
             precludes E& C from substantially performing the services required
             under the Management Agreement and (ii) the License Agreement is
             terminated for any reason, then Battery & Clay will have the right
             to purchase, and E&C will be required to sell to Battery & Clay all
             of the Membership Interests owned by E&C in the Company, in full
             consideration of which (A) Battery & Clay will be responsible for
             and will undertake all of the management, operational and other
             obligations of E&C under the Management Agreement, (B) the
             Management Agreement will terminate in all respects, (C) E&C will
             be released from all liabilities and obligations under the
             Management Agreement, (D) the Company will no longer have the right
             to use the Elephant & Castle(R)name as the name of the operating
             restaurant or in any other capacity, (E) the License Agreement will
             terminate in all respects, and (F) Elephant & Castle International,
             Inc. will be released from all liability and obligations under the
             License Agreement.

6.4     SPECIAL BUY-OUT RIGHTS.

If the Company does not generate an average Net Profit of at least $300,000 per
year during the first two years of operations, then:

       (a)   Battery & Clay will have the right to purchase all of the
             Membership Interests owned by E&C in the Company and E&C will be
             obligated to sell its Membership Interests in the Company to
             Battery & Clay as provided in Article 6.5, and/or

       (b)   E&C will have the right to require Battery & Clay to purchase all
             of its Membership Interests in the Company as provided for in
             Article 6.5.

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6.5     TERMS OF SPECIAL BUY-OUT RIGHTS.

       (a)   Either Battery & Clay or E&C will have the right to exercise its
             rights under Article 6.4 by giving the other party written notice
             of its election within 60 days after the end of the second year of
             operations.

       (b)   If Battery & Clay exercises its rights under Article 6.4(a), then
             E&C will be required to sell all of its Membership Interests to
             Battery & Clay and Battery & Clay will pay E&C the sum of $193,600
             for such Membership Interests, which will be payable 10 days after
             the date the written notice under Article 6.5(a) is received by E &
             C.

       (c)   If E&C exercises its rights under Article 6.4(b), then Battery &
             Clay will be required to purchase all of the Membership Interests
             owned by E&C, and Battery & Clay will pay E&C the sum of $500 for
             its Membership Interests.

       (d)   If either Battery & Clay or E&C exercises its respective rights
             under Article 6.4 and Article 6.5, then (i) the Management
             Agreement will terminate in all respects, (ii) E&C will be released
             from all liabilities and obligations under the Management
             Agreement, (iii) the Company will no longer have the right to use
             the Elephant & Castle(R)name as the name of the operating
             restaurant or in any other capacity, (iv) the License Agreement
             will terminate in all respects, (v) Elephant & Castle
             International, Inc. will be released from all liabilities and
             obligations under the License Agreement, and (vi) the Company will
             return the "English Package" to E&C as required by the terms of the
             Management Agreement.

              ARTICLE 7. DISSOLUTION; SUCCESSOR ENTITY; TERMINATION

7.1     EVENTS NOT CAUSING DISSOLUTION.

The Company shall not be dissolved by the admission of a substitute Member or by
the withdrawal, death, insolvency, bankruptcy, retirement or other disability of
a Member.

7.2     EVENTS CAUSING DISSOLUTION.

The Company shall be dissolved only upon the occurrence of any of the following
events:

       (a)   Upon a vote of seventy percent (70%) of the Voting Membership
             Interests, and

       (b)   The final decree of a court of competent jurisdiction that such
             dissolution is required under applicable law.

7.3     CONTINUATION OF BUSINESS.

In the event of dissolution of the Company, the Company shall be temporarily
continued beyond the effective date of dissolution for the purpose of winding up
Company affairs and liquidating its assets.

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7.4     LIQUIDATION AND WINDING UP.

If dissolution of the Company should be caused by reason of any of the events
listed in this Article, then the Company shall be liquidated and the Managers
(or other person or persons designated by a decree of court or unanimously
elected by the remaining Members) shall wind up the affairs of the Company.

                            ARTICLE 8. MISCELLANEOUS

8.1     AMENDMENT OF AGREEMENT.

No change, modification or amendment of this Agreement shall be valid or binding
unless such change, modification or amendment shall be in writing and signed by
all of the Members as of such date.

8.2     SEVERABILITY.

If any provision of this Agreement is held to be illegal, invalid, or
unenforceable under the present or future laws effective during the term of this
Agreement, such provision will be fully severable; this Agreement will be
construed and enforced as if such illegal, invalid, or unenforceable provision
had never comprised a part of this Agreement; and the remaining provisions of
this Agreement will remain in full force and effect, and will not be affected by
the illegal, invalid, or unenforceable provision or by its severance from this
Agreement. Furthermore, in lieu of such illegal, invalid, or unenforceable
provision, there will be added automatically as a part of this Agreement a
provision as similar in terms to such illegal, invalid, or unenforceable
provision as may be possible and be legal, valid, and enforceable.

8.3     MULTIPLE COUNTERPARTS.

This Agreement may be executed in several counterparts, each of which will be
deemed an original but all of which will constitute one and the same instrument.
However, in making proof hereof, it will be necessary to produce only one copy
hereof signed by the party to be charged.

8.4     ADDITIONAL DOCUMENTS AND ACTS.

Each Member agrees to execute and deliver such additional documents and
instruments and to perform such additional acts as may be necessary or
appropriate to effectuate, carry out and perform all of the terms, provisions,
and conditions of this Agreement and the transactions contemplated hereby.

8.5     NO THIRD PARTY BENEFICIARY.

This Agreement is made solely and specifically among and for the benefit of the
parties hereto, and their respective successors and assigns, and no other person
will have any rights, interest, or claims hereunder or be entitled to any
benefits under or on account of this Agreement as a third party beneficiary or
otherwise.

8.6     NOTICES.

Any notice to be given or to be served upon the Company or any party hereto in
connection with this Agreement must be in writing and will be deemed to have
been given and received when

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                                      -13-
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delivered to the address specified by the party to receive the notice. Such
notices will be given to a Member at the address specified in the Company's
required records. Any Member or the Company may, at any time by giving five
days' prior written notice to the other Members and the Company, designate any
other address in substitution of the foregoing address to which such notice will
be given.

8.7     NEW PARTIES.

The Company shall not record the transfer of any Membership Interest, nor accept
contributions for any new or additional Membership Interest to or from any
person not a party hereto unless said person shall execute an agreement to be
bound by this Agreement and an Acknowledgment of the terms hereof, in
substantially the form of Schedule D attached hereto. Upon execution of any such
form, and compliance with the additional terms hereof, said new Member shall be
deemed for all purposes to be a party hereto, shall be included as a Member as
defined herein, and shall enjoy all the rights and be subject to all the
obligations created hereby with respect to Members.

8.8     OUTSIDE ACTIVITIES.

Nothing in this Agreement shall be deemed to prohibit any Members from engaging
in or owning any interest in any other business venture, except as such business
is in direct competition with the interests of the Company

8.9     ARBITRATION.

Any controversy or claim arising out of or relating to any provision of this
Agreement or the breach thereof shall be settled by binding arbitration in San
Francisco, California in accordance with the rules then in effect of the
National Arbitration Forum (www.arb-forum.com), and judgment upon any award
rendered may be entered in any court having jurisdiction thereof. The Federal
Arbitration Act shall apply to this Agreement.

8.10    GOVERNING LAW.

This Agreement and the rights of the parties hereunder will be governed by,
interpreted, and enforced in accordance with the laws of the State of
California.

8.11    BINDING EFFECT.

This Agreement will be binding upon and inure to the benefit of the Members, and
their respective distributees, successors and permitted assigns.

8.12    SURVIVAL OF TERMS.

The terms, conditions, representations, warranties and other provisions of this
Agreement shall survive any purchase hereunder and be binding upon the Seller
and Purchasers as if stated in a separate agreement evidencing such purchase.

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

                                        BC RESTAURANTS, LLC
                                        BY BATTERY & CLAY ASSOCIATES, LLC
                                        ITS CHIEF MANAGER

                                        -----------------------------------
                                        Jon D. Horowitz, Vice President

                                        THE MEMBERS:

                                        BATTERY & CLAY ASSOCIATES, LLC

                                        -----------------------------------
                                        Jon D. Horowitz, Vice President

                                        E&C SAN FRANCISCO, LLC

                                        -----------------------------------
                                        Richard H. Bryant, Chief Manager

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                                   SCHEDULE A

                               BC RESTAURANTS, LLC

                              MEMBERSHIP INTERESTS

<Table>
<Caption>
                                       VOTING                 NON-
NAME OF               VALUE OF      MEMBERSHIP    VOTING     VOTING
MEMBER              CONTRIBUTION       UNITS     INTEREST   INTEREST
--------------------------------------------------------------------

<S>                  <C>                 <C>        <C>        <C>
Battery & Clay       $      667          66-2/3%    66-2/3%    N/A
Associates, LLC
--------------------------------------------------------------------
E&C San
Francisco, LLC       $      333          33-1/3     33-1/3%    N/A
--------------------------------------------------------------------
</Table>

Member Control Agreement
BC Restaurants, LLC.

                                      -16-
<Page>

                                    SCHEDULE

                         ACKNOWLEDGEMENT AND CONSENT TO
                               BC RESTAURANTS, LLC
                            MEMBER CONTROL AGREEMENT

This Schedule is attached to and made a part of that certain Member Control
Agreement by and among BC Restaurants, LLC a California limited liability
company (the "Company") and its Members, originally executed effective on
January 3, 2003, as from time to time amended.

Each of the undersigned, wishing to become a Member of the Company, hereby
acknowledges that its duly authorized officer, chief manager, has read and
understands the terms and conditions of the Member Control Agreement, agrees to
be bound by all of such terms and conditions as a Member of the Company and
understands that any contribution for a Membership Interest in the Company is
being accepted in reliance upon this acknowledgment and agreement to be bound by
the terms and conditions of the Member Control Agreement.

IN WITNESS WHEREOF, the undersigned have executed this Schedule effective as of
January 3, 2003.

                                        BC RESTAURANTS, LLC
                                        BY BATTERY & CLAY ASSOCIATES, LLC

                                        -----------------------------------
                                        Jon D. Horowitz, Vice President

                                        THE MEMBERS:
                                        BATTERY & CLAY ASSOCIATES, LLC

                                        -----------------------------------
                                        Jon D. Horowitz, Vice President

                                        E&C SAN FRANCISCO, LLC

                                        -----------------------------------
                                        Richard H. Bryant, Chief Manager

Member Control Agreement
BC Restaurants, LLC.

                                      -17-

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