Amendment Letter to Credit Agreement between OSI Restaurant Partners, Inc. and Wachovia Bank, N.A. (March 14, 2007)

Summary

OSI Restaurant Partners, Inc. and Wachovia Bank, National Association have agreed to amend their existing Credit Agreement dated October 12, 2006. This amendment changes the definition of the "Termination Date" in the agreement to May 30, 2007. All other terms and conditions of the original Credit Agreement remain unchanged. OSI Restaurant Partners, Inc. is responsible for covering the bank's related expenses, including legal fees for this amendment.

EX-10.1 2 exhibit10-1amendmentletter.htm EXHIBIT 10.1 AMENDMENT LETTER Exhibit 10.1 Amendment Letter

Exhibit 10.1

March 14, 2007

OSI Restaurant Partners, Inc.

2202 North Westshore Blvd., 5^th Floor

Tampa, Florida 33607

Attention: Dirk A. Montgomery

Re:

Credit Agreement dated as of October 12, 2006 between OSI Restaurant Partners, Inc. and Wachovia Bank, National Association (the “Credit Agreement”). Capitalized terms used but not defined herein shall have the meanings given in the Credit Agreement.

Ladies and Gentlemen:

This letter confirms the agreement of Wachovia Bank, National Association to amend and restate the definition of “Termination Date” contained in Section 1.01 of the Credit Agreement as follows: “Termination Date” means May 30, 2007.

Nothing contained herein shall waive, annul, vary or affect any provision, condition, covenant or agreement contained in the Credit Agreement, except as set forth above, nor affect or impair any rights, powers or remedies under the Credit Agreement. The Borrower and Guarantors shall pay all expenses of the Bank including reasonable fees and disbursements of special counsel for the Bank in connection with the preparation of this letter.

Very truly yours,

WACHOVIA BANK, NATIONAL ASSOCIATION

By: /s/ Lynn E. Culbreath______________ (SEAL)

; Lynn E. Culbreath, Senior Vice President

WCSR 3564460v2