Document:

Ex 10_2 FPSH Purchase Agreement

EXHIBIT 10.2

PURCHASE AGREEMENT

BY AND BETWEEN

OUTBACK STEAKHOUSE, INC.,

OS PRIME, INC.,

FPSH LIMITED PARTNERSHIP,

AND

PAUL M. FLEMING

DATED AS OF

SEPTEMBER 1, 2004

PURCHASE AGREEMENT

TABLE OF CONTENTS

	
1.

	
PURCHASE OF THE LLC INTERESTS

	
1

		
1.1

	
Purchase and
Sale...............................................................................

	
1

		
1.2

	
Purchase
Price...................................................................................

	
1

		
1.3

	
Closing
...........................................................................................

	
2

		
1.4

	
Closing of Transfer Books.......................................................................

	
2

		
1.5

	
Effective Date; Allocation of Profits, Losses and Other Items.............................

	
2

		
1.6

	
Purchase and Sales as Option Exercise......................................................

	
2

	
       

	
                   

	
                                                                                                                                    

	
	
2.

	
LIABILITIES OF SELLER AND PRINCIPAL

	
3

		
2.1

	
Liabilities
Defined..............................................................................

	
3

		
2.2

	
No Liabilities of Seller or Principal Assumed.............................................

	
3

	
       

	
                   

	
                                                                                                                                    

	
	
3.

	
REPRESENTATIONS AND WARRANTIES OF THE SELLER AND THE PRINCIPAL

	
3

		
3.1

	
Organization of Seller.........................................................................

	
3

		
3.2

	
Authority.........................................................................................

	
3

		
3.3

	
No
Violation.....................................................................................

	
3

		
3.4

	
Knowledge of Liabilities......................................................................

	
4

		
3.5

	
Ownership of LLC Interests...................................................................

	
4

		
3.6

	
No Brokers or
Finders............................................................................

	
4

	
       

	
                   

	
                                                                                                                                    

	
	
4.

	
REPRESENTATIONS, WARRANTIES AND COVENANTS OF BUYER AND OSI

	
4

		
4.1

	
Organization......................................................................................

	
4

		
4.2

	
Authority.........................................................................................

	
4

		
4.3

	
No Brokers or Finders.........................................................................

	
5

		
4.4

	
Disclosure..........................................................................................

	
5

		
4.5

	
Compliance with Other Instruments..........................................................

	
5

		
4.6

	
Funding for Purchase Price....................................................................

	
5

	
       

	
                   

	
                                                                                                                                    

	
	
5.

	
COVENANTS OF THE PARTIES

	
5

		
5.1

	
Consents............................................................................................

	
5

		
5.2

	
Fulfillment of Conditions........................................................................

	
5

		
5.3

	
Disclosure..........................................................................................

	
5

		
5.4

	
Further
Assurances...............................................................................

	
5

	
       

	
                   

	
                                                                                                                                    

	
	
6.

	
CONDITIONS PRECEDENT TO BUYER’S AND OSI’S OBLIGATIONS

	
6

		
6.1

	
Representations and Warranties True on the Closing Date................................

	
6

		
6.2

	
Compliance With Agreement.................................................................

	
6

		
6.3

	
Absence of Litigation..........................................................................

	
6

		
6.4

	
Simultaneous Closing..........................................................................

	
6

		
6.5

	
Delivery of Closing Documents..............................................................

	
6

	
       

	
                   

	
                                                                                                                                    

	
	
7.

	
CONDITIONS PRECEDENT TO SELLER’S AND PRINCIPAL’S OBLIGATIONS

	
6

		
7.1

	
Representations and Warranties True on the Closing Date.............................

	
6

		
7.2

	
Compliance With Agreement...............................................................

	
6

		
7.3

	
Absence of Litigation........................................................................

	
6

		
7.4

	
Delivery of Closing Documents............................................................

	
6

ii

	
       

	
                   

	
                                                                                                                                    

	
	
8.

	
INDEMNIFICATION

	
6

		
8.1

	
By the Seller and Principal..................................................................

	
6

		
8.2

	
By Buyer and
OSI............................................................................

	
7

		
8.3

	
Indemnification of Third‐Party Claims.....................................................

	
7

		
8.4

	
Payment..........................................................................................

	
8

		
8.5

	
Survival of Indemnification...................................................................

	
8

		
8.6

	
Contributions; Limitation on Indemnification..............................................

	
8

	
       

	
                   

	
                                                                                                                                    

	
	
9.

	
CLOSING DOCUMENTS AND DELIVERIES

	
9

		
9.1

	
Documents to be Delivered by the Seller and the Principal...............................

	
9

		
9.2

	
Documents to be Delivered by Buyer and OSI.............................................

	
9

	
       

	
                   

	
                                                                                                                                    

	
	
10.

	
TERMINATION

	
9

		
10.1

	
Right of Mutual Termination...............................................................

	
9

		
10.2

	
Termination for Breach......................................................................

	
9

	
       

	
                   

	
                                                                                                                                    

	
	
11.

	
MISCELLANEOUS

	
10

		
11.1

	
Disclosures and Announcements.............................................................

	
10

		
11.2

	
Assignment; Parties in Interest...............................................................

	
10

		
11.3

	
Governing Law
.................................................................................

	
10

		
11.4

	
Consent to Personal Jurisdiction and Venue; Waiver of Jury Trial; Attorney’s Fees...

	
10

		
11.5

	
Amendment and Modification...............................................................

	
10

		
11.6

	
Notice............................................................................................

	
10

		
11.7

	
Expenses.........................................................................................

	
11

		
11.8

	
Cost of
Litigation...............................................................................

	
11

		
11.9

	
Entire
Agreement...............................................................................

	
12

		
11.10 

	
Counterparts.....................................................................................

	
12

		
11.11 

	
Headings..........................................................................................

	
12

iii

PURCHASE AGREEMENT

            THIS PURCHASE AGREEMENT (this “Agreement”) is dated this ____ day of September 2004, and entered into by and among OUTBACK STEAKHOUSE,
INC., a Delaware corporation (“OSI”), OS PRIME, INC., a Florida corporation (“Buyer”), FPSH LIMITED PARTNERSHIP, an Arizona limited partnership (“FPSH”; FPSH is hereafter sometimes referred to as the “Seller”), and PAUL
M. FLEMING (“Fleming”; Fleming is hereafter sometimes referred to as the “Principal”)

RECITALS

A.        Fleming is the manager of PKCR, LLC, an Arizona limited liability company and sole general partner of FPSH.

B.         FPSH is the owner of a thirty-six and seventy-five hundredths of one percent (36.75%) percentage interest in OUTBACK/FLEMING’S, LLC, a Delaware limited liability company
(the “LLC”).

C.         OSI is the sole shareholder of Buyer.

D.        Buyer is the owner of a fifty-one percent (51%) member interest in the LLC.

E.         The LLC owns and operates certain Fleming’s Prime Steakhouse and Wine Bar® restaurants.

F.         FPSH desires to sell to Buyer and Buyer desires to purchase from FPSH, a twenty-nine and one quarter percent (29.25%) member interest in the LLC; leaving FPSH with a seven and
one half percent (7.5%) member interest in the LLC. The 29.25% interest of FPSH in the LLC proposed to be purchased and sold pursuant to this Agreement is sometimes hereafter collectively referred to as the “LLC Interests”.

            NOW THEREFORE, in consideration of the foregoing and the respective representations, warranties, covenants, agreements and conditions hereinafter set forth,
and for other good and valuable consideration provided herein, the parties hereto hereby agree as follows.

1.         PURCHASE OF THE LLC INTERESTS

            1.1        Purchase and Sale. Subject to the terms and conditions of this Agreement, at the Closing (as defined in
Section 1.3), Seller shall sell, transfer, convey, assign and deliver to Buyer against payment of the Purchase Price therefor, and Buyer shall purchase and accept all of the LLC Interests, free and clear of any Liens (as defined in Section
3.3).

            1.2        Purchase Price. The purchase price (“Purchase Price”) for the LLC Interests shall be
Twenty-Nine Million Two Hundred and Fifty Thousand Dollars ($29,250,000.00). The Purchase Price shall be paid to the Seller at the Closing (as defined in Section 1.3 below) as follows:

                        a.         Eighteen Million Two Hundred Forty
Six Thousand Two Hundred Sixty Nine and 25/100 Dollars ($18,246,269.25) shall be paid by wire transfer of immediately available funds to the account designated on Exhibit A attached (the “Cash Payment”); and

                        b.         Eleven Million Three Thousand Seven
Hundred Thirty and 75/100 Dollars ($11,003,730.75) shall be paid to OSI on behalf of the Seller and the Principal, in satisfaction of seventy-five percent (75%) of all amounts outstanding under that certain Promissory Note dated as of September 1, 2001, in favor of
OSI (the “Note”) in the original principal amount of Fifteen Million Dollars ($15,000,000.00) and any

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and all related loan and security documents (the “Loan Documents”). OSI and Buyer acknowledge and agree that the payment of such $11,003,703.75 amount will constitute payment in full and satisfaction of all
obligations of Seller and the Principal under or with respect to the Note.

            1.3        Closing. The closing of the purchase and sale of the LLC Interests (the “Closing”), shall take
place at 10:00 a.m., Tampa time, at the offices of Buyer on September 1, 2004, or on such date and at such other time and place as is agreed upon by the parties hereto. The day on which the Closing occurs is herein referred to as the “Closing Date”. If
any of the conditions to the obligations of the parties to this Agreement have not been satisfied or waived by the Closing Date after reasonable, diligent, good faith efforts to satisfy such condition(s), then the party to this Agreement that is unable to meet such
condition or conditions shall be entitled to postpone the Closing by written notice to the other parties until such condition(s) shall have been satisfied (which such party shall seek in good faith to accomplish at the earliest practicable date) or waived, but the
Closing shall occur not later than October 1, 2004, unless further extended by written agreement of the parties hereto.

            1.4        Closing of Transfer Books.  Upon execution of this Agreement and until the earlier of the Closing or
the date this Agreement is terminated, the membership transfer books of the LLC shall be closed and no transfer of membership interests of the LLC shall thereafter be made until the Closing.

            1.5        Effective Date; Allocation of Profits, Losses and Other Items.  The parties agree that, provided that
the purchase and sale are completed by the close of business on September 7, 2004, the purchase of the LLC Interests shall be deemed effective as of September 1, 2004, and if completed thereafter shall be deemed effective as of the actual date and time completed
(such date and time, as applicable, the “Effective Date”).  Up to, but not including the Effective Date, the profits and losses of the LLC shall be allocated among the members of the LLC in accordance with
the LLC Operating Agreement. With respect to the period commencing on the Effective Date, no LLC profits or losses relating to the LLC Interests purchased and sold pursuant hereto shall be allocated to the Seller.  The Purchase Price provided for in Section 1
hereof is the total consideration payable to the Seller for the LLC Interests purchased and sold pursuant hereto.  For federal and applicable state income tax purposes, the Purchase Price shall be treated as a payment in exchange for the LLC Interests purchased
pursuant hereto. Unless Seller and the Principal consent or the Independent Firm determines otherwise as provided below, none of the assets owned or treated as owned by the LLC for purposes of applying Section 751 of the Internal Revenue Code of 1986, as amended,
will be treated as assets that are of a type that would give rise to ordinary income to the Seller or the Principal under Section 751 of the Code ("Section 751 Assets"), and the parties will take such position in any tax returns that they file and in the tax returns
of, including or relating to the LLC.  If the parties disagree as to whether the LLC owns or is treated as owning Section 751 Assets, then the issue shall be resolved by a firm of independent certified public accountants mutually acceptable to all parties (the
"Independent Firm"), the cost of which will be borne by Buyer.  The decision of the Independent Firm, if any, shall be rendered prior to the time Buyer, the LLC, OSI or any affiliate thereof files any tax return in which it would take the position that the LLC
owns or is treated as owning Section 751 Assets, and shall be final and binding on all parties, absent manifest error.

            1.6        Purchase and Sale as Option Exercise.  The parties
hereto acknowledge and agree that pursuant to Section 7.11 of the Operating Agreement of the LLC, Buyer has a purchase option (the "Purchase Option") with respect to the LLC Interests proposed to be purchased and sold hereunder.  The parties further acknowledge
and agree that the intent of this Agreement is to accomplish such purchase and sale as an exercise of the Purchase Option (notwithstanding any specific valuation or transfer procedures provided in the Operating Agreement), and that upon the purchase and sale
contemplated hereby, the Purchase Option shall be deemed exercised and full and there shall be no further purchase rights of any kind in favor of Buyer or OSI pursuant to Section 7.11.

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2.         LIABILITIES OF THE SELLER AND THE PRINCIPAL

            2.1        Liabilities Defined. As used in this Agreement, the term “Liability” shall mean and include
any direct or indirect indebtedness, guaranty, endorsement, claim, loss with respect to the LLC or the LLC interests, damage, deficiency, cost, expense, obligation or responsibility, fixed or unfixed, known or unknown, asserted or unasserted, liquidated or
unliquidated, secured or unsecured.

            2.2        No Liabilities of Seller or Principal Assumed. Buyer is not assuming any Liabilities of the Seller or the
Principal whatsoever and all such Liabilities shall be and remain the responsibility of Seller and the Principal; provided, however, in the event the Principal was or in the future otherwise would be required to provide any guaranty of any debt, liability or
obligation of the LLC pursuant to Section 3.5 or Section 3.6 of the Operating Agreement of the LLC, OSI covenants and agrees to guaranty up to a total maximum guaranty of ninety percent (90%) of such debt, liability or obligation of the LLC, such that in no event
shall the Principal be required to guaranty a greater percentage of any debt, liability or obligation of the LLC pursuant to Section 3.5 or 3.6 than the total percentage membership interest in the LLC owned by the Seller, Principal and any affiliates of the Seller or
Principal.

3.         REPRESENTATIONS AND WARRANTIES OF THE SELLER AND THE PRINCIPAL

            The Seller and Principal, jointly and severally, hereby represent and warrant to Buyer that each of the following is true and correct in all material respects
as of the date of this Agreement, except to the extent identified in disclosure schedules attached to or accompanying this Agreement (the “Disclosure Schedules”):

            3.1        Organization of Seller. FPSH is a limited partnership duly organized, validly existing and in good
standing under the laws of the State of Arizona.

            3.2        Authority. The Seller and the Principal have the power and authority to execute, deliver and perform its
obligations under this Agreement. The execution and delivery of this Agreement and the other documents and instruments to be executed and delivered by Seller or the Principal pursuant hereto and the consummation of the transactions contemplated hereby and thereby
have been, or shall be on the Closing Date, duly authorized by all necessary limited liability company and partnership action, as applicable, on the part of the Seller. The execution, delivery and performance by Seller of this Agreement and all other documents
executed or to be executed in connection with this Agreement and the consummation of the transactions provided for herein have been duly authorized and approved by the general partner of FPSH, and on or before the Closing Date, shall have been duly authorized and
approved by the partners of FPSH as required by the laws of the State of Arizona, and the Seller’s governance documents. No other or further corporate or partnership act or proceeding on the part of the Seller, its members or partners, as the case may be, is
necessary to authorize this Agreement or the other documents and instruments to be executed and delivered by Seller pursuant hereto or the consummation of the transactions contemplated hereby and thereby. This Agreement constitutes, and when executed and delivered,
the other documents and instruments to be executed and delivered by Seller pursuant hereto will constitute, valid binding agreements of Seller, enforceable in accordance with their respective terms, except as such may be limited by bankruptcy, insolvency,
reorganization or other laws affecting creditors’ rights generally, and by general equitable principles.

            3.3        No Violation. Neither the execution and delivery of this Agreement or the other
documents and instruments to be executed and delivered by the Seller and Principal pursuant hereto, nor the consummation by the Seller of the transactions contemplated hereby and thereby (a) will violate any applicable statute, ordinance, rule or regulation
(collectively “Laws”) or any applicable order, writ, injunction, judgment, plan or decree (collectively “Orders”), (b) will require any authorization, consent, approval, exemption or other action by or notice to any court, arbitrator,
department, commission, board, bureau, agency, authority, instrumentally or other body, whether federal, state, municipal, foreign country or other (collectively “Government Entities”), (c) will require the Seller or the Principal to obtain the consent or
approval of any third party that will not be

3

obtained or waived on or prior to the Closing Date, or (d) could reasonably result in the creation of any mortgage, lien (statutory or otherwise), security interest, claim, pledge, licenses, equities, option, conditional sales
contract, assessment, levy, covenant, charge or encumbrance of any nature whatsoever, perfected or unperfected (collectively “Liens”) upon any of the assets of the LLC or the LLC Interests.

            3.4        Knowledge of Liabilities. The Seller has no knowledge of any reasonable basis for the
assertion against the Seller or the LLC of any Liability that reasonably would result in any Lien on the LLC Interests.

            3.5        Ownership of LLC Interests.

                        3.5(a)   Ownership. The Seller and the Principal are the beneficial
owners of the LLC Interests. Except for the Principal’s spouse, who has acknowledged in writing her consent and agreement to the purchase and sale of the LLC Interests purchased and sold pursuant hereto, no person or entity other than the Principal, his spouse
and the Seller has any right, title or interest in or to the LLC Interests. 

                        3.5(b)   Title to LLC Interests. Seller has,
and will have on the Closing Date, good and valid title to the LLC Interests, free and clear of all Liens. The LLC Interests are not subject to any restrictions with respect to the transferability thereof, except those restrictions contained in the LLC Operating
Agreement. Subject to the consent of OSI, which is given hereunder, Seller has complete and unrestricted power and right to sell, assign, convey and deliver the LLC Interests to Buyer as contemplated hereby. On the Closing Date, assuming that Buyer performs its
obligations hereunder (including the payment in full of the Purchase Price of the LLC Interests pursuant to Section 1.2), Buyer will receive good and valid title to all the LLC Interests, free and clear of all Liens other than those created or permitted by
Buyer.

            3.6        No Brokers or Finders. None of Principal, Seller, nor any of Seller’s partners, managers, officers,
employees, members or agents have retained, employed or used any broker or finder in connection with the transaction provided for herein or in connection with the negotiation thereof.

4.         REPRESENTATIONS AND WARRANTIES OF BUYER AND OSI

            Buyer and OSI jointly and severally represent and warrant to the Seller and the Principal that each of the following is true and correct in all material
respects as of the date of this Agreement, except to the extent identified in Disclosure Schedules attached to or accompanying this Agreement

            4.1        Organization. Buyer is a corporation duly organized, validly existing and in good standing under the laws
of the State of Florida. OSI is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

            4.2        Authority. Buyer and OSI have the corporate power and authority to execute, deliver and perform their
respective obligations under this Agreement.  The execution and delivery of this Agreement and the other documents and instruments to be executed and delivered by Buyer and OSI pursuant hereto and the consummation of the transactions contemplated hereby and
thereby have been duly authorized by all necessary corporate and shareholder action with respect to Buyer, OSI and their respective shareholders. The execution, delivery and performance by Buyer and OSI of this Agreement and all other documents executed or to be
executed by such parties in connection with this Agreement and the consummation of the transactions provided for herein have been duly authorized and approved by the board of directors and the shareholders of Buyer and OSI as required by the laws of the States of
Florida and Delaware, respectively, and Buyer’s and OSI’s corporate governance documents.  No other or further corporate or shareholder act or proceeding on the part of Buyer or OSI is necessary to authorize this Agreement or the other documents and
instruments to be executed

4

and delivered by Buyer or OSI pursuant hereto or to consummate the transactions contemplated hereby and thereby. This Agreement constitutes, and when executed and delivered, the other documents and instruments to be executed
and delivered by Buyer or OSI pursuant hereto will constitute, valid and binding agreements of Buyer and OSI, enforceable in accordance with their respective terms, except as such may be limited by bankruptcy, insolvency, reorganization or other laws affecting
creditors’ rights generally, and by general equitable principles.

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

            4.4        Disclosure. No representation or warranty by Buyer or OSI in this Agreement, nor any certificate,
schedule, document or exhibit attached hereto or to be furnished at the Closing by or on behalf of Buyer or OSI pursuant to this Agreement or in connection with transactions contemplated hereby, contains or shall contain (when considered in light of the entirety of
all information provided by the Buyer and OSI to the Seller and Principal) any untrue statement of material fact or omits or shall omit a material fact necessary to make the statements contained therein not misleading.

            4.5        Compliance with Other Instruments. Neither the execution and delivery of this Agreement or the other
documents and instruments to be executed and delivered by the Buyer or OSI, pursuant hereto, nor the consummation of the transactions contemplated hereby and thereby (a) will violate any Laws or Orders, (b) will require any authorization, consent, approval, exemption
or other action by or notice to any Government Entities, or (c) will violate or conflict with, or constitute a default or breach (or an event which, with notice or lapse of time, or both, would constitute a default or breach) under, or will result in the termination
of, or accelerate the performance required by, or result in the creation of any Lien (as defined in Section 3.3) upon any of the assets of Buyer or OSI under any term or provision of the articles of incorporation, by-laws, or other governing document of Buyer
or OSI or of any material contract, commitment, understanding, arrangement, agreement or restriction of any kind or character to which Buyer or OSI is a party or by which Buyer or OSI or any of their assets or properties may be bound or affected.

            4.6        Funding for Purchase Price. Buyer and OSI have all cash necessary to fund the Purchase Price in
full.  The payment of the Purchase Price shall not render either Buyer or OSI insolvent or give rise to any right of any party to challenge or seek to reverse such payment.

5.         CONVENANTS OF THE PARTIES

            5.1        Consents. Each party hereto will use commercially reasonable efforts to obtain all consents necessary for
the consummation of the transactions contemplated hereby prior to the Closing Date.

            5.2        Fulfillment of Conditions. Each party hereto shall use commercially reasonable efforts to cause the
fulfillment at the earliest practicable date of all of the conditions to such party’s obligations to consummate the transactions contemplated in this Agreement; provided, however, that such obligation shall not affect any party’s discretion to give or
withhold a waiver of any unsatisfied condition in such party’s sole discretion.

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

            5.4        Further Assurances. After the Closing, each party hereto shall execute and deliver such additional
documents and take such additional actions as may reasonably be deemed necessary or advisable by any other party in order to consummate the transactions contemplated by this Agreement.

5

6.         CONDITIONS PRECEDENT TO BUYER’S AND OSI’S OBLIGATIONS

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

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

            6.2        Compliance With Agreement. Seller and Principal shall have in all material respects performed and complied
with all of their agreements and obligations under this Agreement that are to be performed or complied with by Seller or Principal, as applicable prior to or on the Closing Date.

            6.3        Absence of Litigation. No action, suit or other legal, regulatory, court or administrative proceeding
(“Litigation”) shall have been commenced or threatened in writing, and no material investigation by any Government Entity shall have been commenced, which reasonably could result in the prohibition of the transactions contemplated hereby.

     6.4   Simultaneous Closing. The
Buyer shall have received the Purchase Agreement by and between Outback Steakhouse, Inc., OS Prime, Inc., AWA III Steakhouses, Inc. and A. William Allen, III, dated as of September 1, 2004, and all related documents, executed by A. William Allen, III and AWA III
Steakhouses, Inc.

            6.5        Delivery of Closing Documents. The Seller and the Principal shall have delivered the closing documents
specified in Section 9.1.

7.         CONDITIONS PRECEDENT TO SELLER’S AND PRINCIPAL’S OBLIGATIONS

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

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

            7.2        Compliance With Agreement. Buyer and OSI shall have in all material respects performed and complied with
all of the agreements and obligations under this Agreement which are to be performed or complied with by Buyer or OSI prior to or on the Closing Date.

            7.3        Absence of Litigation. No Litigation shall have been commenced or threatened, and no material
investigation by any Government Entity shall have been commenced, which reasonably could result in the prohibition of the transactions contemplated hereby.

            7.4        Delivery of Closing Documents. Buyer and OSI shall have delivered the closing documents and other closing
deliveries specified in Section 9.2.

8.         INDEMNIFICATION

            8.1        By the Seller and the Principal. Subject to the terms and conditions of thisSection 8, Seller and
the Principal, jointly and severally, hereby agree to indemnify, defend and hold harmless Buyer and the LLC and their respective affiliates, shareholders, officers, directors, members, and managers  (hereinafter “Buyer’s

6

Indemnitees”), from and against all Claims actually asserted against, resulting to, imposed upon, or incurred by Buyer’s Indemnitees or the LLC Interests transferred to Buyer pursuant to this Agreement, by reason
of, arising out of or resulting from (a) the inaccuracy or breach of any representation or warranty of the Seller or the Principal contained in or made pursuant to this Agreement (regardless of whether such breach is deemed “material”); or (b) the breach
of any covenant of the Seller or the Principal contained in this Agreement (regardless of whether such breach is deemed “material”), in each case, only where the Buyer’s Indemnitees suffer or incur actual losses, damages, or out of pocket costs and
expenses.  As used in this Section 8, the term “Claim” shall include (i) all losses, damages, judgments, awards, settlements, costs and expenses (including, without limitation, interest (including prejudgment interest in any litigated matter),
penalties, court costs and reasonable attorneys’ fees and expenses); and (ii) all demands, claims, suits, actions, costs of investigation, costs of defense, causes of action, proceedings and assessments, whether or not ultimately determined to be
valid.

            8.2        By Buyer and OSI. Subject to the terms and conditions of this Section 8, Buyer and OSI, jointly and
severally, hereby agree to indemnify, defend and hold harmless the Principal and the Seller and their respective affiliates, members and partners (hereinafter “Seller’s Indemnitees”) from and against all Claims actually asserted against, resulting
to, imposed upon or incurred by Seller’s Indemnitees by reason of, arising out of or resulting from (a) the inaccuracy or breach of any representation or warranty of Buyer or OSI contained in or made pursuant to this Agreement (regardless of whether such breach
is deemed “material”); or (b) the breach of any covenant of Buyer or OSI contained in this Agreement (regardless of whether such breach is deemed “material”).

            8.3        Indemnification of Third‐Party Claims. The obligations and liabilities of any
party to indemnify any other party under this Section 8 with respect to Claims relating to third parties shall be subject to the following terms and conditions:

                        8.3(a)   Notice and Defense. The party or
parties to be indemnified (whether one or more, the “Indemnified Party”) will give the party from whom indemnification is sought (the “Indemnifying Party”) written notice of any such Claim, and the Indemnifying Party shall have the right to
undertake the defense of such Claim, at the expense of the Indemnifying Party, by representatives and counsel approved by the Indemnified Party, which approval shall not be unreasonably conditioned delayed or withheld.  Failure to give such notice shall not
affect the Indemnifying Party’s duty or obligations under this Section 8, except to the extent the Indemnifying Party is materially prejudiced thereby. 

                        8.3(b)  Cooperation. Each party shall make available to the other party
involved in the Claim all records and other materials required by them and in the possession or under the control of such party, for the use of the other party in defending any such Claim, and shall in other respects give reasonable cooperation in such
defense.

                        8.3(c)   Right to Settle The Indemnifying Party shall have the right
to undertake the defense, compromise or settlement of any Claim asserted by a third party or consent to the entry of a judgment with respect to such Claim, on behalf of and for the account and risk of the Indemnifying Party, subject to the Indemnified Party’s
reasonable approval, which approval shall not be unreasonably delayed or withheld.

                        8.3(d)   Indemnified Party’s Rights. Anything in thisSection
8 to the contrary notwithstanding, (i) if there is a reasonable probability that a Claim may materially and adversely affect the Indemnified Party other than as a result of money damages or other money payments, the Indemnified Party shall have the right to
participate at its own cost and expense in the defense, compromise and settlement of such Claim; (ii) if the Indemnifying Party fails to assume the defense of a Claim, the Indemnified Party shall have the right to defend, compromise and settle such Claim;
(iii) if the nature of the Claim is such that the Indemnified Party reasonably believes that there exists a material conflict of interests between

7

            the Indemnified Party's interests and the Indemnifying Party's interests, the Indemnified Party shall be entitled to assume the defense, compromise and
settlement of the Claim and retain independent legal counsel of its own choosing, the fees, costs and expenses of which shall be reimbursed by the Indemnifying Party to the extent such amounts constitute or relate to a Claim for which indemnification is available
under this Section 8; and (iv) the Indemnifying Party shall not in any case, without the written consent of the Indemnified Party, which approval shall not be unreasonably conditioned, delayed or withheld, settle or compromise any Claim or consent to the entry of any
judgment which does not include as an unconditional term thereof the giving by the claimant or the plaintiff to the Indemnified Party of a release from all Liability in respect of such Claim.

            8.4        Payment. The Indemnifying Party shall promptly pay to or on behalf of the Indemnified
Party any amount due under this Section 8, which payment may be accomplished in whole or in part, at the option of the Indemnified Party, by the Indemnified Party setting off any amount owed to the Indemnifying Party by the Indemnified Party. To the extent
set‐off is made by an Indemnified Party in satisfaction or partial satisfaction of an indemnity obligation under this Section 8 that is disputed by the Indemnifying Party, upon a subsequent determination by final judgment not subject to appeal that all
or a portion of such indemnity obligation was not owed to the Indemnified Party, the Indemnified Party shall pay the Indemnifying Party the amount which was set off and not owed together with interest from the date of set‐off until the date of such payment at
an annual rate equal to the average annual rate in effect as of the date of the set‐off, on those three maturities of United States Treasury obligations having a remaining life, as of such date, closest to the period from the date of the set‐off to the
date of such judgment.  Upon judgment, determination, settlement or compromise of any third party Claim, the Indemnifying Party shall pay promptly on behalf of the Indemnified Party, and/or to the Indemnified Party in reimbursement of any amount theretofore
required to be paid by it, the amount so determined by judgment, determination, settlement or compromise and all other Claims of the Indemnified Party with respect thereto, unless in the case of a judgment an appeal is made from the judgment. If the Indemnifying
Party desires to appeal from an adverse judgment, then the Indemnifying Party shall post and pay the cost of the security or bond to stay execution of the judgment pending appeal. Upon the payment in full by the Indemnifying Party of such amounts, the Indemnifying
Party shall succeed to the rights of such Indemnified Party, to the extent not waived in settlement, against the third party who made such third party Claim.

            8.5        Survival of Indemnification. The closing of the transactions contemplated by this Agreement shall not
constitute a waiver by any party of its rights to indemnification hereunder. The indemnification obligations of the parties contained in this Section 8 shall survive the date of this Agreement and the Closing Date for all Claims brought or demands for
indemnification made prior to the expiration of six (6) months from the Closing Date.

            8.6        Contribution; Limitation on Indemnification.

            (a)        If the indemnification provided for in this Section 8 is deemed illegal, unavailable or unenforceable by
virtue of applicable law or for reasons of public policy, each Indemnifying Party shall in lieu thereof contribute to the amount payable to or on behalf of the Indemnified Party an amount with respect to the Claim(s) for which indemnification is sought an amount that
is appropriate to reflect the relative fault of the Indemnifying Party and the Indemnified Party, as well as any other relevant equitable considerations.  The relative fault of such parties shall be determined with reference to, among other things, the facts and
circumstances surrounding any breach or violation or other event giving rise to the Claim.  The parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 8.6(a) were determined by pro rata allocation or any
other method of allocation which does not take into account the equitable considerations referred to in this Section.

            (b)        In no event shall the aggregate amount of indemnification or contribution obligations of the Seller and the
Principal pursuant to this Section 8 exceed the dollar amount of the Purchase Price.

8

9.         CLOSING DOCUMENTS AND DELIVERIES

            9.1        Documents to be Delivered by the Seller and the Principal. On the Closing Date, the Seller and the
Principal shall deliver to Buyer and OSI the following documents, in each case duly executed or otherwise in proper form:

                        9.1(a)   Assignment of Membership Interests. Assignment of Membership
Interests in the form attached hereto as Schedule 9.1(a), and such other reasonable and customary instruments of assignment, transfer, conveyance and endorsement as will be sufficient in the reasonable opinion of Buyer and its counsel to transfer, assign,
convey and deliver to Buyer the LLC Interests as contemplated hereby.

                        9.1(b)   Compliance Certificate. A certificate signed by the Seller
and the Principal in the form attached hereto as Exhibit B.

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

                        9.2(a)   Compliance Certificate. A certificate signed by an officer of
each of Buyer and OSI, that the representations and warranties made by Buyer OSI as applicable in this Agreement are true and correct on and as of the Closing Date (except for any changes permitted by the terms of this Agreement or consented to in writing by the
Seller), and that Buyer has performed and complied with all of its respective obligations under this Agreement which are to be performed or complied with on or prior to the Closing Date.

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

                        9.2(c)   Purchase Price.  The Cash Payment portion of the
Purchase Price by wire transfer of immediately available funds to the account designated by the Seller on Exhibit A attached and the original Note and any other Loan Documents constituting negotiable instruments or securities marked “paid in
full”.

10.       TERMINATION

            10.1      Right of Mutual Termination. This Agreement may be terminated without further liability of either party at any time
prior to the Closing by mutual written agreement of Buyer and the Seller.

            10.2      Termination for Breach.

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

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

9

                        10.2(c)  Effect of Termination. Termination of this
Agreement pursuant to this Section 10.2 shall not in any way terminate, limit or restrict the rights and remedies of any party hereto at law or in equity for any damages, losses or costs caused by any other party which has violated, breached or failed
to satisfy any of the representations, warranties, covenants, agreements, conditions or other provisions of this Agreement prior to termination hereof.

11.       MISCELLANEOUS

            11.1      Disclosures and Announcements. Both the timing and the content of all disclosure to third parties and public
announcements concerning the transactions provided for in this Agreement by the Buyer or Seller shall be subject to the approval of the other in all essential respects, except that such other party’s approval shall not be required as to any purely factual
information which a party may be required to file with the Securities and Exchange Commission, NYSE or as otherwise required by law.

            11.2      Assignment; Parties in Interest. 

                        11.2(a)  Assignment. The rights and obligations of a party hereunder may
not be assigned, transferred or encumbered without the prior written consent of the other parties.

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

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

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

            11.5      Amendment and Modification. Any amendment or modification of or supplement to this Agreement may only be effected in
a written instrument executed by all parties hereto.

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

10

                        (a)        If to Buyer, to:

                                    OUTBACK
STEAKHOUSE, INC.

                                    2202 North West Shore Boulevard, Suite 500

                                    Tampa,
Florida  33607

                                    Attention:  Robert S. Merritt, Senior Vice
President

                                    (with a copy to)

                                    Joseph J. Kadow, Vice President and General
Counsel

                                    Outback Steakhouse, Inc.

                                     2202 North West Shore Boulevard, Suite 500

                                    Tampa, Florida  33607

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

                        (b)        If to Seller or Principal to:

                                    FPSH LIMITED
PARTNERSHIP

                                    c/o PKCR, LLC

                                    15974 N. 77th Street, Suite 102

                                    Scottsdale, AZ 85260-1222

                                    Attn: Paul M. Fleming, Manager

                                    with a copy
(which shall not constitute notice) to:

                                    Gibson, Dunn
& Crutcher, LLP

                                    333 South Grand Avenue

                                    Los Angeles, CA 90071-3197

                                    Attention:  John L. Filippone

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

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

            11.7      Expenses. Regardless of whether or not the transactions contemplated hereby are consummated each
of the parties shall bear its own expenses and the expenses of its counsel, accountants, and other agents in connection with the transactions contemplated hereby.

            11.8      Costs of Litigation. The parties agree that in any action brought with respect to or to enforce any right or remedy
under this Agreement, the judge presiding over the dispute shall have the right to award to any party or parties, all reasonable costs and expenses of any nature whatsoever incurred by such party or parties in connection with such action, including without limitation
reasonable attorneys’ fees and prejudgment interest.

11

            11.9      Entire Agreement. This instrument and the agreements referred to herein embody the entire agreement between the parties
hereto with respect to the transactions contemplated herein, and there have been and are no agreements, representations or warranties between the parties other than those set forth or provided for herein. Except for the provisions of Section 7.11 of the LLC Operating
Agreement, which shall be deemed terminated and of no further force or effect automatically upon the Closing, the terms and provisions of the LLC Operating Agreement shall be and are in full force and effect, notwithstanding the execution and delivery hereof or the
purchase and sale of the LLC Interests pursuant hereto.

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

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

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

ATTEST:                                                                     
“BUYER”                                                                   

                                                                                   
OS PRIME, INC.,

                                                                                   
a Florida corporation

______________________________                                    By:
__________________________________

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

ATTEST:                                                                     
“OSI”                                                              

                                                                                   
OUTBACK STEAKHOUSE, INC.,

                                                                                   
a Delaware corporation

______________________________                                    By:
__________________________________

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

12

ATTEST:                                                                     
“SELLER”

                                                                                   
FPSH LIMITED PARTNERSHIP, an Arizona limited

                                                                                   
partnership

                                                                                   
By:       PKCR, LLC, an Arizona limited liability

                                                                                   
company, its sole general partner

                                                                                   
By:__________________________________

                                                                                    
Paul M. Fleming, Manager

                                                                                   
“PRINCIPAL”

                                                                                   
_____________________________________

                                                                                   
Paul M. Fleming, individually

13

EXHIBIT A

Wire Transfer Instructions

Bank One, The Private Bank

Address; Phoenix, Arizona

Account number:

 ABA No:

 Account Registration: FPSH Limited Partnership

15974 N. 77th Street, #102

Scottsdale, AZ 85260

Exhibit A

EXHIBIT B

Compliance Certificate

September 1, 2004

            This Compliance Certificate is being delivered by Paul M. Fleming and FPSH Limited Partnership, an Arizona limited partnership (together with Mr. Fleming,
"Sellers"), to OS Prime, Inc. (“Buyer”) and Outback Steakhouse, Inc. (“OSI”) pursuant to Section 9.1(b) of the Purchase Agreement dated as of September 1, 2004 (the “Purchase Agreement”), among Buyer,
OSI, FPSH and Fleming.  Capitalized terms used in this Certificate and not defined herein shall have the meanings ascribed to them in the Purchase Agreement.

      The undersigned hereby certify that as of the date of this Certificate:

                        (a)        each of the representations and
warranties made by the Sellers in the Purchase Agreement is true and correct in all material respects on and as of the date of this Certificate (except for any changes permitted by the terms of the Agreement or consented to in writing by Buyer); and

                        (b)        Sellers have performed and complied with
all of his obligations under the Purchase Agreement that are to be performed or complied with by the Sellers on or prior to the Closing Date.

      IN WITNESS WHEREOF, the undersigned have signed this Certificate on September __, 2004.

                                                                       
_________________________________

                                                                       
   Paul M. Fleming

                                                                       
FPSH LIMITED PARTNERSHIP,

                                                                       
an Arizona limited partnership

                                                                                   
By:  PKCR, LLC

                                                                                   
Its:  Manager

                                                                                   
By: 
                                                    

                                                                                   
Paul M. Fleming, Manager

Exhibit B

Schedule 9.1(a)

ASSIGNMENT OF MEMBERSHIP INTEREST

in

OUTBACK/FLEMING’S, LLC

            For good and valuable consideration, receipt of which is hereby acknowledged, FPSH LIMITED PARTNERSHIP, an Arizona limited partnership
(“Assignor”), being the owner of thirty-six and seventy-five hundredths of one percent (36.75%) of all membership interests in OUTBACK/FLEMING’S, LLC, a Delaware limited liability company (the "LLC"), hereby assigns, conveys and transfers to OS
PRIME, INC., a Florida corporation (“Assignee”) all right, title and interest in and to twenty-nine and twenty-five hundredths of one percent (29.25%) of all membership interests in the LLC.

            IN WITNESS WHEREOF, Assignor has executed and delivered this Assignment effectiveSeptember 1, 2004.

                                                      “ASSIGNOR”

                                                      FPSH LIMITED PARTNERSHIP, an Arizona limited

                       
                       
      partnership

                                                      By:       PKCR, LLC, an Arizona limited liability

                       
                       
      company, its sole general partner

                                                      By:_____________________________

                                                                                               
Paul M. Fleming, Manager

STATE OF _________________________    )

COUNTY OF _______________________    )

            The foregoing instrument was acknowledged before me this  _____ day of ________________ 2004, by Paul M. Fleming, as Manager of PKCR, LLC, an Arizona
limited liability company, the sole general partner of FPSH LIMITED PARTNERSHIP, an Arizona limited partnership. He is personally known to me or has produced ________________ as identification.

                                                      ___________________________________________

                       
                       
      (Notary Signature)

(NOTARY SEAL)                   
              __________________________________________

                       
                       
      (Notary Name Printed)

Commission No. ________________                           NOTARY PUBLIC

 Commission Expires: ____________

                        The undersigned Assignee accepts the foregoing Assignment.

                                          “ASSIGNEE”

                                          OS PRIME, INC., a Florida corporation

                                                      By: ________________________________________

                       
                       
      Joseph J. Kadow, Vice President

Schedule 9.1(a)exv10w1

 

Exhibit 10.1

AMENDMENT NO. 1 TO JJCC INTELLECTUAL PROPERTY TRANSFER AND LICENSE AGREEMENT

This Amendment No. 1 (the “JJCC Amendment”) is made and entered into as of
September 7, 2004 by and between Johnson & Johnson Consumer Companies, Inc., a
New Jersey corporation having an address at 199 Grandview Road, Skillman, New
Jersey 08558 (hereinafter referred to as “JJCC”) and Barrier Therapeutics,
Inc., a Delaware corporation having an address at 600 College Road East, Suite
3200, Princeton, New Jersey 08540 (hereinafter referred to as “Barrier”).

WHEREAS, JJCC and Barrier are parties to that certain Intellectual Property
Transfer and License Agreement dated May 6, 2002 (the “Original JJCC
Agreement”);

WHEREAS, JJCC and Barrier desire to make certain amendments to the Original
JJCC Agreement pursuant to the terms of this JJCC Amendment; and

WHEREAS, contemporaneously with the execution and delivery hereof, Barrier and
Janssen Pharmaceutica Products, L.P., an Affiliate of JJCC (“Janssen”), are
entering into an amendment to that certain Intellectual Property Transfer and
License Agreement between Barrier and Janssen dated May 6, 2002.

NOW, THEREFORE, in consideration of the above premises and the covenants
contained herein, the parties agree as follows:

	1.	 	The Original JJCC Agreement is hereby amended as follows:

	 	1.1.	 	The definition of “JJCC Countries” in Section 1.15 of the
Original JJCC Agreement is hereby replaced in its entirety with the
following:

          “JJCC Countries shall mean Argentina, Australia, Belgium, Denmark,
Germany, Indonesia, Luxembourg, Mexico, New Zealand, Pakistan, Peru and
Venezuela.”

	 	1.2.	 	Section 2.1 of the Original JJCC Agreement is hereby replaced
in its entirety with the following:

          “Subject to Section 2.2, JJCC hereby grants to Barrier the exclusive (even
as to JJCC and its Affiliates), royalty-free license with the unrestricted
right to grant sublicenses (subject to Section 2.6 and Article 5), under the
‘932 Patent Rights to (i) import, use, sell, offer for sale, and have sold ‘932
Products in the ‘932 Territory and (ii) make and have made ‘932 Products
anywhere in the world in order to import, use, sell, offer for sale, and have
sold ‘932 Products in the ‘932 Territory. JJCC hereby grants to Barrier (i)
the Semi-exclusive (along with JJCC and its Affiliates), royalty-free license,
under the ‘932 Patent Rights to import, use, sell, offer for sale, and have
sold ‘932 Products in the JJCC Countries and (ii) the non-exclusive,
royalty-free license, under the

 

 

‘932 Patent Rights to make and have made ‘932 Products anywhere in the world in
order to import, use, sell, offer for sale, and have sold ‘932 Products in the
JJCC Countries. For purposes of this Agreement, the term “Semi-exclusive”
shall mean with, respect to a product, that at any given time only two entities
may commercialize such product in the country at issue, with such two entities
being (x) either JJCC, or a single Affiliate of JJCC, or a single third party
designated by JJCC, on the one hand, and (y) either Barrier, or a single
Barrier Affiliate, or a single third party designated by Barrier, on the other
hand. For avoidance of doubt, there shall be no field-of-use limitation on
the license granted pursuant to this Section 2.1(a) regarding indications for
which ‘932 Products may be used.”

	 	1.3	 	Section 2.2 of the Original JJCC Agreement is hereby replaced
in its entirety with the following:

          “JJCC retains, under the ‘932 Patent Rights (i) the Semi-exclusive right
to import, use, sell, offer for sale, and have sold ‘932 Products in the JJCC
Countries, (ii) the non-exclusive right to make and have made the ‘932 Products
anywhere in the world in order to import, use, sell, offer for sale in the JJCC
Countries, and (iii) the non-exclusive right, including the unrestricted right
to grant sublicenses, to make, have made, import, use, sell, offer for sale,
and have sold products (other than the Diaper Dermatitis Product) for which
JJCC or its Affiliates can show through tangible dated evidence was under
development (having at least performed in vivo studies) or marketed by JJCC or
such Affiliate prior to the Execution Date. For avoidance of doubt, there
shall be no field-of-use limitation on the rights retained under this Section
2.2 regarding indications for which products may be used.”

	 	1.4	 	Section 2.5(b) of the Original JJCC Agreement is hereby
amended to replace the words “in the ‘932 Territory” as they appear
twice in such section with the words “anywhere in the world.”
	 
	 	1.5	 	Section 8.6 of the Original JJCC Agreement is hereby amended
to delete the words “in the ‘932 Territory” from clause (i).

2. Capitalized terms used herein and not otherwise defined shall have the
meanings given to them in the Original JJCC Agreement.

3. Except as expressly amended herein, all terms and conditions of the Original
JJCC Agreement shall remain in full force and effect.

4. All matters affecting the interpretation, validity, and performance of this
JJCC Amendment shall be governed by the laws of the State of New York, USA,
without regard to its choice or conflict of law principles.

5. This JJCC Amendment may be executed in one or more counterparts, each of
which shall for all purposes be deemed to be an original and all of which shall
constitute

2

 

the same instrument. This JJCC Amendment may be executed by facsimile
signature which shall have the same force and effect as the original
signatures.

     IN WITNESS WHEREOF, and intending to be legally bound, the parties hereto
have caused this JJCC Amendment to be executed by their duly authorized
representatives as of the date first set forth above.

	 	 	 	 	 
	JOHNSON & JOHNSON CONSUMER COMPANIES, INC.	 	 
	 
	 	 	 	 
	By:

	 	J. N. MATHESON
	 	 
	

	 	
 	 	 
	 
	 	 	 	 
	Print Name:

	 	J. N. Matheson	 	 
	 
	 	 	 	 
	Print Title:

	 	EVP RD&E	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	BARRIER THERAPEUTICS, INC.	 	 
	 
	 	 	 	 
	By:

	 	AL ALTOMARI	 	 
	

	 	
 	 	 
	 
	 	 	 	 
	Print Name:

	 	Al Altomari	 	 
	 
	 	 	 	 
	Print Title:

	 	Chief Commercial Officer	 	 

3

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