Document:

exv10w2

Exhibit 10.2

Exhibit A

Roadhouse Holding Inc.

Stock Incentive Plan

SECTION 1.

PURPOSE

          The purpose of this Plan (as such term and any other capitalized terms used herein without
definition are defined in Section 2) is to foster and promote the long-term financial success of
the Company and the Subsidiaries and materially increase shareholder value by (a)
motivating superior performance by means of service- and performance-related incentives,
(b) encouraging and providing for the acquisition of an ownership interest in the Company
by Participants and (c) enabling the Company and the Subsidiaries to attract and retain the
services of an outstanding management and employee team upon whose judgment, interest and special
effort the successful conduct of its and their operations is largely dependent.

SECTION 2.

DEFINITIONS

          Whenever used herein, the following terms shall have the respective meanings set forth below:

          Act: the Securities Act of 1933, as amended.

          Adjustment Event: shall mean any share dividend, share split or share combination of,
or extraordinary cash dividend on, the Shares, or any recapitalization, reorganization, merger,
consolidation, split-up, spin-off, combination or exchange of shares affecting the Shares, or any
issuance of any warrants or rights offering (other than any such issuance or offering under the
Plan) to purchase Shares at a price materially below Fair Market Value, or any other similar event
affecting the Shares.

          Board: the Board of Directors of the Company.

          Cause: as defined in the Stockholders Agreement.

          Change in Control: a transaction or series of transactions (other than a Public
Offering):

 

 

          (i) involving the sale, transfer or other disposition by the Kelso Entities to one or more
persons or entities that are not, immediately prior to such sale, affiliates of the Company or any
Kelso Entity, of all or substantially all of the Shares of the Company beneficially owned by the
Kelso Entities as of the date of such transaction; or

          (ii) involving the sale, transfer or other disposition of all or substantially all of the
assets of the Company and the Subsidiaries, taken as a whole, to one or more persons or entities
that are not, immediately prior to such sale, transfer or other disposition, affiliates of the
Company or any Kelso Entity.

          Change in Control Price: the price per Common Share paid in conjunction with any
transaction resulting in a Change in Control (as determined in good faith by the Committee if any
part of the offered price is payable other than in cash).

          Chief Executive Officer: the Chief Executive Officer of the Company.

          Closing Date: as defined in the Agreement and Plan of Merger, dated as of August 27,
2010 By and Among LRI Holdings, Inc., Roadhouse Parent Inc., Roadhouse Merger Inc., and LRI
Acquisition, LLC as the Stockholders Representative.

          Code: the Internal Revenue Code of 1986, as amended.

          Committee: the Compensation Committee of the Board or, if there shall not be any
committee then serving, the Board.

          Company: Roadhouse Holding Inc., a Delaware company, and any successor thereto.

          Disability: as defined in the Stockholders Agreement.

          Employee: any officer or other key employee of the Company or any Subsidiary.

          Fair Market Value: if no Public Offering has occurred, the fair market value of a
Common Share as determined by the Committee. In making a determination of the Fair Market Value,
the Committee shall give due consideration to such factors as it deems appropriate, including, but
not limited to, the earnings and other financial and operating information of the Company in recent
periods, the potential value of the Company as a whole, the future prospects of the Company and the
industries in which it competes, the history and management of the Company, the general condition
of the securities markets, the fair market value of securities of companies engaged in businesses
similar to those of the Company, and any recent valuation of the Shares that shall have been
performed by an independent valuation firm (although nothing herein shall obligate

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the Committee to obtain any such independent valuation). Following a Public Offering, the
Fair Market Value, on any date of determination, shall mean the average of the closing sales prices
for a Common Share as reported on a national exchange for each of the ten business days preceding
the date of determination or the average of the last transaction prices for a Common Share as
reported on a nationally recognized system of price quotation for each of the ten business days
preceding the date of determination. In the event that there are no Common Share transactions
reported on such exchange or system during such ten-business-day period, Fair Market Value shall
mean the closing sales price on the trading date before the commencement of such period.

          Kelso Entities: collectively, Kelso Investment Associates VIII, L.P. and KEP VI, LLC.

          Option: the right to purchase Shares pursuant to the terms of the Plan at a stated
price for a specified period of time. For purposes of the Plan, an Option may be either
(i) an “Incentive Stock Option” within the meaning of section 422 of the Code (an
“Incentive Stock Option”) or (ii) an Option which is not an Incentive Stock Option
(a “Non-Qualified Stock Option”).

          Option Agreement: the agreement entered into between the Company and a Participant
evidencing the grant of an Option.

          Participant: any Employee or member of the Board designated by the Committee to
receive an award of Options under the Plan.

          Plan: this Roadhouse Holding Inc. Stock Incentive Plan, as set forth herein and as the
same may be amended from time to time in accordance with its terms.

          Public Offering: a public offering pursuant to an effective registration statement
filed with the Securities and Exchange Commission that covers (together with prior effective
registrations) (i) not less than 25% of the then outstanding Shares, on a fully diluted
basis, or (ii) Shares that, after the closing of such public offering, will be traded on
the New York Stock Exchange, the American Stock Exchange, the National Association of Securities
Dealers Automated Quotation System or an equivalent internationally recognized securities exchange
or quotation system.

          Registration Rights Agreement: the Registration Rights Agreement, dated as of the
Closing Date, among the Company, the Kelso Entities and certain other shareholders of the Company,
as it may be amended from time to time.

          Retirement: as defined in the Stockholders Agreement. Notwithstanding the foregoing,
in the event a Participant whose employment with the Company terminates due to Retirement continues
to serve as a director of or a consultant to the Company, such

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Participant’s employment with the Company shall not be deemed to have terminated for purposes
of the Plan or any Option Agreement until the date as of which such Participant’s services as a
director of and consultant to the Company shall have also terminated, at which time the Participant
shall be deemed to have terminated employment due to retirement.

          Shares: the shares of common stock of the Company, par value $0.01 per share.

          Stockholders Agreement: the Stockholders Agreement, dated as of the Closing Date,
among the Company, the Kelso Entities and certain other shareholders of the Company, as it may be
amended from time to time.

          Subsidiary: any corporation a majority of whose outstanding voting securities is
owned, directly or indirectly, by the Company.

SECTION 3.

ELIGIBILITY AND PARTICIPATION

          Participants in the Plan shall be those Employees and members of the Board selected by the
Committee in consultation with the Chief Executive Officer to participate in the Plan. The
selection of an Employee or a member of the Board as a Participant shall neither entitle such
Employee or Board member to, nor disqualify such Employee or Board member from, participation in
any other award or incentive plan of the Company or any Subsidiary.

SECTION 4.

ADMINISTRATION

          4.1. Power to Grant and Establish Terms of Options. The Committee shall have the
discretionary authority, subject to the terms of the Plan, to determine the Employees and members
of the Board to whom Options shall be granted (which may include Employees and members of the Board
who are members of the Committee) and the terms and conditions of any and all Options, including,
but not limited to, the number of Shares covered by each Option, the time or times at which Options
shall be granted and the terms and provisions of the instruments by which Options shall be
evidenced and to designate Options as Incentive Stock Options or Non-Qualified Stock Options. The
proper officers of the Company may suggest to the Committee the Participants who should receive
Options. The terms and conditions of each Option grant shall be determined by the Committee at the
time of grant and shall be set forth in the

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Participant’s Option Agreement, and subject to Section 8, such terms and conditions shall not
be subsequently changed in a manner which would be adverse to the Participant without the consent
of the Participant to whom such Option has been granted, even if this Plan shall be subsequently
amended. The Committee may establish different terms and conditions for different Participants
receiving Options and for the same Participant for each Option such Participant may receive,
whether or not granted at the same or different times. The grant of any Option to any Employee or
member of the Board shall neither entitle such Employee or member of the Board to, nor disqualify
him or her from, the grant of any other Options.

          4.2. Substitute Options. The Committee shall have the right, subject to the
consent of Participants to whom Options have been granted, to grant in substitution for outstanding
Options, replacement Options which may contain terms more favorable to the Participant than the
Options they replace, including, without limitation, a lower exercise price (subject to Section
6.2), and to cancel replaced Options.

          4.3. Administration. The Committee shall be responsible for the administration of
the Plan. Any Options granted by the Committee may be subject to such conditions, not inconsistent
with the terms of the Plan, as the Committee shall determine, in its sole discretion. The
Committee shall have discretionary authority to prescribe, amend and rescind rules and regulations
relating to the Plan, to provide for conditions deemed necessary or advisable to protect the
interests of the Company, to interpret the Plan and to make all other determinations necessary or
advisable for the administration and interpretation of the Plan and to carry out its provisions and
purposes. Determinations, interpretations or other actions made or taken by the Committee pursuant
to the provisions of the Plan shall be final, binding and conclusive for all purposes and upon all
persons and shall be given deference in any proceeding with respect thereto. The Committee may
consult with legal counsel, who may be counsel to the Company, and shall not incur any liability
for any action taken in good faith in reliance upon the advice of counsel.

SECTION 5.

SHARES SUBJECT TO PLAN

          5.1. Number. Subject to the provisions of Section 5.3, the number of Shares
subject to Options under the Plan may not exceed 345,000 Shares, all of which may be subject to
grants of Incentive Stock Options. The Shares to be delivered under the Plan may consist, in whole
or in part, of shares held in treasury or authorized but unissued shares not reserved for any other
purpose.

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          5.2. Canceled, Terminated or Forfeited Awards. Any Shares subject to an Option
which for any reason expires or is canceled, terminated, forfeited, substituted for or otherwise
settled without the issuance of such Shares shall again be available for grant under the Plan.

          5.3. Adjustment in Capitalization. The aggregate number of Shares available for
grants of Options under Section 5.1 or subject to outstanding Option grants and the respective
prices and/or vesting criteria applicable to outstanding Options shall be adjusted to reflect, as
deemed equitable and appropriate by the Committee, each Adjustment Event. To the extent deemed
equitable and appropriate by the Committee, in its good faith judgment, and subject to any required
action by shareholders, in any merger, consolidation, reorganization, liquidation, dissolution or
other similar transaction (other than a Change in Control), any Option granted under the Plan shall
pertain to the securities or other property to which a holder of the number of Shares covered by
the Option would have been entitled to receive in connection with such event (which securities or
other property shall thereafter constitute the “Shares” for purposes of the Plan).

SECTION 6.

STOCK OPTIONS

          6.1. Grant of Options. Options may be granted to Participants at such time or
times as shall be determined by the Committee. Options granted pursuant to this Plan may be of two
types: (i) Incentive Stock Options and (ii) Non-Qualified Stock Options. The date
of grant of an Option under the Plan will be the date on which the Option is awarded by the
Committee or, if so determined by the Committee on the date of award of an Option, the date on
which occurs any event the occurrence of which is an express condition precedent to the grant of
the Option. The Committee shall determine the number of Options, if any, to be granted to a
Participant. Each Option shall be evidenced by an Option Agreement that shall specify the type of
Option granted, the exercise price, the duration of the Option, the number of Shares to which the
Option pertains, the conditions upon which the Options or any portion thereof shall become vested
or exercisable and such other terms as the Committee shall determine.

          6.2. Option Price. Non-Qualified Stock Options and Incentive Stock Options
granted pursuant to the Plan shall have an exercise price per Share determined by the Committee,
provided that such per share exercise price may not be less than the Fair Market Value of a
Share on the date the Option is granted.

          6.3. Exercise of Options. Options awarded to a Participant under the Plan shall
be exercisable at such times and shall be subject to such restrictions and

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conditions, including the performance of a minimum period of service or the satisfaction of
performance goals, as the Committee may impose at the time of grant of such Options, subject to the
Committee’s right to accelerate the exercisability of such Options in its discretion.
Notwithstanding the foregoing, no Option shall be exercisable on or after the tenth anniversary of
the date on which it is granted. Except as may be provided in any provision approved by the
Committee pursuant to this Section 6.3, after becoming exercisable each installment of an Option
shall remain exercisable until expiration, termination or cancellation of the Option. Subject to
Section 9.7, an Option may be exercised from time to time, in whole or in part, up to the total
number of Shares with respect to which it is then exercisable.

          6.4. Payment. The Committee shall establish procedures governing the exercise of
Options, which, unless the Committee shall determine otherwise, shall require that (x) as a
condition to the issuance of any Shares upon the exercise of the Options prior to a Public
Offering, the Participant become a party to the Stockholders Agreement and the Registration Rights
Agreement with respect to such shares, (y) written notice of exercise be given to the
Company and (z) the Option exercise price be paid in full at the time of exercise in one of
the following ways: (i) in cash or cash equivalents, or (ii) at any time following
a Public Offering, in unencumbered Shares which have been owned by the Participant for at least six
months (or such longer period as is required by applicable accounting standards to avoid a charge
to earnings) having an aggregate Fair Market Value on the date of exercise equal to such aggregate
Option exercise price or in a combination of cash and such unencumbered Shares. Subject to Section
9.4, as soon as practicable after receipt of a written exercise notice, payment of the Option
exercise price and receipt of evidence of the Participant’s execution of the Stockholders Agreement
and the Registration Rights Agreement in accordance with this Section 6.4, the Company shall issue
in the name of the Participant a certificate or certificates representing the acquired Shares.

          6.5. Incentive Stock Options. Notwithstanding anything in the Plan to the
contrary, no term of the Plan relating to Incentive Stock Options shall be interpreted, amended or
altered, nor shall any discretion or authority granted under the Plan be so exercised, so as to
disqualify the Plan under section 422 of the Code, or, without the consent of any Participant
affected thereby, to cause any Incentive Stock Option previously granted to fail to qualify for the
federal income tax treatment afforded under section 421 of the Code.

          6.6. Repurchase of Options. Unless otherwise determined by the Committee at the
time of grant, and subject to requirements and/or conditions under any applicable law, upon any
termination of a Participant’s employment with the Company, any Subsidiary, the Company may
repurchase all or any portion of the Options then held by such Participant that are exercisable as
of the date of such termination for a cash payment equal to the excess, if any, of (i) the
Fair Market Value of the Shares subject to

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such Option (or to the portion thereof so purchased), over (ii) the aggregate Option
exercise price for such shares and on such other terms and conditions as the Committee shall
establish at the date of grant.

          6.7. Termination of Employment Due to Death, Disability or Retirement. Subject to
Section 6.6, unless otherwise determined by the Committee at the time of grant, in the event a
Participant’s employment with the Company or any Subsidiary terminates by reason of death,
Disability or Retirement, any Options granted to such Participant which on or prior to the date of
such termination, have become exercisable in accordance with Section 6.3, may be exercised by the
Participant or, in the case of death, the Participant’s designated beneficiary (or, if no such
beneficiary is named, in accordance with Section 9.2) at any time prior to (i) the first
anniversary of the Participant’s termination of employment or (ii) the expiration of the
term of the Options, whichever period is shorter.

          6.8. Termination of Employment For Cause. Unless otherwise determined by the
Committee at the time of grant, in the event a Participant’s employment with the Company or any
Subsidiary is terminated for Cause, all Options granted to such Participant which are then
outstanding (whether or not exercisable on or prior to the date of such termination) shall be
immediately forfeited and canceled.

          6.9. Termination of Employment for Any Other Reason; Termination of Service
Arrangement. Subject to Section 6.6, unless otherwise determined by the Committee at or after
the time of grant, in the event the Participant’s employment with the Company, any Subsidiary
terminates for any reason other than one described in Sections 6.7 or 6.8, any Options granted to
such Participant which, on or prior to the date of such termination, have become exercisable in
accordance with Section 6.3, may be exercised at any time during the 60 day period following the
Participant’s termination of employment, or the expiration of the term of such Options, whichever
period is shorter.

          6.10. Termination of Options. Unless otherwise determined by the Committee at the
date of grant, upon the termination of a Participant’s employment, any Options that are not then
exercisable shall terminate and be canceled effective upon the date of such termination.

          6.11. Committee Discretion. Notwithstanding anything else contained in this
Section 6 to the contrary, the Committee may permit all or any portion of any Options to be
exercised following a Participant’s termination of employment for any reason, on such terms and
subject to such conditions not less favorable to such Participant than those terms and conditions
provided for herein or in the Option Agreement, as the Committee shall determine for a period up to
and including, but not beyond, the expiration of the term of such Options.

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SECTION 7.

CHANGE IN CONTROL

          7.1. Accelerated Vesting and Payment. Unless otherwise determined by the
Committee at the time of grant, in the event of a Change in Control, each Option that, by its
terms, becomes exercisable solely upon the completion of a stated period of service (whether or not
then exercisable), together with any outstanding Options that, prior to or in connection with such
Change in Control, have become exercisable in connection with the attainment of performance
objectives, shall be canceled in exchange for a payment in cash by the Company to each Option
holder of an amount equal to the excess of the Change in Control Price over the exercise price for
such Option (except as provided in Section 7.2 below).

          7.2. Alternative Awards. Notwithstanding Section 7.1, if provided in the Option
Agreement, no cancellation, acceleration of exercisability, vesting or cash settlement or other
payment shall occur with respect to any Option that would otherwise have been canceled pursuant to
Section 7.1 if the Committee reasonably determines in good faith prior to the occurrence of a
Change in Control that such Option shall be honored or assumed or new rights substituted therefor
(such honored, assumed or substituted award hereinafter called an “Alternative Award”) by a
Participant’s employer (or the parent or a subsidiary of such employer) immediately following the
Change in Control, provided that the Chief Executive Officer consents to such Alternative
Award, and provided further, that any such Alternative Award must:

          (i) provide such Participant (or each Participant in a class of Participants) with rights
and entitlements substantially equivalent to or better than the rights applicable under such
Option, including, but not limited to, a substantially equivalent or better exercise or vesting
schedule and substantially equivalent or better timing and methods of payment;

          (ii) have substantially equivalent economic value to such Option (determined at the time
of the Change in Control); and

          (iii) have terms and conditions which provide that in the event that the Participant’s
employment is involuntarily terminated following the Change in Control, any conditions on a
Participant’s rights under, or any restrictions on transfer or exercisability (including vesting)
applicable to, each such Alternative Award shall be waived or shall lapse, as the case may be.

          7.3. Rule of Interpretation Relating to Performance Options. With respect to any
Options granted hereunder that may become exercisable upon the attainment of performance
objectives, in the event of a conflict between this Section 7

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and the terms and conditions set forth in the Option Agreement, the terms and conditions set
forth in the Option Agreement shall control. For example, if an Option Agreement provides that
Options will be forfeited upon a Change in Control if certain conditions or criteria are not
satisfied, then, notwithstanding this Section 7, such Options shall be forfeited if such conditions
or criteria are not satisfied.

          7.4. Limitation on Benefits. Notwithstanding anything contained in this Plan or
any Option Agreement to the contrary to the extent that any of the payments and benefits provided
for under this Plan, any Option Agreement or any other agreement or arrangement between the Company
and the Participant (collectively, the “Payments”) would constitute an “excess parachute
payment” within the meaning of section 280G of the Code, the amount of such Payments shall be
reduced to the extent necessary to eliminate any such excess parachute payment and such Participant
shall have no further rights or claims with respect thereto. If Payments that would otherwise be
reduced or eliminated, as the case may be, pursuant to the immediately preceding sentence would not
be so reduced or eliminated, as the case may be, if the shareholder approval requirements of
section 280G(b)(5) of the Code are capable of being satisfied, the Company shall use its reasonable
efforts to cause such payments to be submitted for such approval prior to the Change in Control
giving rise to such payments.

SECTION 8.

AMENDMENT, MODIFICATION, AND TERMINATION OF PLAN

     8.1 In General. The Committee may at its discretion at any time and from time to
time alter, amend, suspend, or terminate the Plan and any unvested Options (but not any previously
granted vested Options) in whole or in part, including without limitation, amending the criteria
for vesting and exercisability set forth in Section 6 hereof (or in any Option Agreement),
substituting alternative vesting and exercisability criteria and imposing certain blackout periods
on Options, provided that, if such alteration, amendment, suspension or termination shall
not preserve the economic value, as determined by the Committee in its sole good faith discretion,
of any previously granted unvested Options, the Committee shall only be permitted to alter, amend,
suspend or terminate such previously granted unvested Options if it shall obtain the consent of the
holders of a majority of all unvested Options granted under the Plan that are similarly affected by
such amendment, and provided, further, that any such substitution of alternative vesting
and exercisability criteria and any imposition of blackout periods shall be subject to the consent
of the Chief Executive Officer.

     8.2 Public Offering. In addition to Section 8.1, in the event of a Public
Offering, the Committee shall have the authority to amend any outstanding Options to provide for
(i) the substitution of the exercisability criteria that may relate to the Kelso

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Entities’ return on their investment with reasonable criteria based on share price and
(ii) the imposition of certain blackout periods, in each case, as the Committee shall
determine to be appropriate, provided, however, that (x) such amendments shall preserve the
economic value of the Options, as determined by the Committee in its good faith discretion, and (y)
any such amendment shall be subject to the consent of the Chief Executive Officer.

SECTION 9.

MISCELLANEOUS PROVISIONS

          9.1. Nontransferability of Awards. Unless the Committee shall permit (on such
terms and conditions as it shall establish) an Option to be transferred to a trust, corporation,
partnership or limited liability company established by and for the benefit of a Participant
holding Options under the Plan for estate-planning purposes of such Participant (such permission
not to be unreasonably withheld), no Option granted under the Plan may be sold, transferred,
pledged, assigned or otherwise alienated or hypothecated, other than by will or by the laws of
descent and distribution. All rights with respect to any Option granted to a Participant under the
Plan shall be exercisable during his lifetime only by such Participant or, if permitted by the
Committee, any such permitted transferee.

          9.2. Beneficiary Designation. Each Participant under the Plan may from time to
time name any beneficiary or beneficiaries (who may be named contingently or successively) to whom
any benefit under the Plan is to be paid or by whom any right under the Plan is to be exercised in
case of his death. Each designation will revoke all prior designations by the same Participant,
shall be in a form prescribed by the Committee and will be effective only when filed by the
Participant in writing with the Committee during his lifetime. In the absence of any such
designation, benefits remaining unpaid or Options outstanding at the Participant’s death shall be
paid to or exercisable by the Participant’s surviving spouse, if any, or otherwise to or by his
estate.

          9.3. No Guarantee of Employment or Participation; No Additional Compensation for Loss
of Rights Under Plan. Nothing in the Plan shall interfere with or limit in any way the right
of the Company or any Subsidiary to terminate any Participant’s employment, nor confer upon any
Participant any right to continue in the employ of the Company or any Subsidiary. No Employee or
member of the Board shall have a right to be selected as a Participant, or, having been so
selected, to receive any future Option grants. If any Participant’s employment with the Company or
any Subsidiary shall be terminated for any reason, such Participant shall not be entitled to any
compensation or other form of remuneration with respect to such termination (except as otherwise
provided herein) to compensate such Participant for the loss of any rights under

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the Plan notwithstanding any provision to the contrary in his or her contract of employment.
For purposes of this Plan, the “employment” shall be deemed to refer to the Participant’s provision
of services to the Company or any Subsidiary as an employee or independent contractor (including as
a non-employee member of the Board), and the “termination of employment” and corollary phrases
shall be deemed to refer to the Participant’s cessation of such services with respect to all such
persons in all capacities.

          9.4. Tax Withholding. The Company or any Subsidiary shall have the power to
withhold, or require a Participant to remit to the Company or such Subsidiary promptly upon
notification of the amount due, an amount sufficient to satisfy the statutory minimum federal,
state, local and foreign withholding tax requirements with respect to any Option and the Company or
such Subsidiary may defer payment of cash or issuance or delivery of Shares until such requirements
are satisfied.

          9.5. Indemnification. Each person who is or shall have been a member of the Board
or the Committee (an “Indemnified Person”) shall, to the maximum extent provided under the
Company’s Certificate of Incorporation or By-Laws, be indemnified and held harmless by the Company
against and from any loss, cost, liability or expense that may be imposed upon or reasonably
incurred by such Indemnified Person in connection with or resulting from any claim, action, suit or
proceeding to which such Indemnified Person may be made a party or in which such Indemnified Person
may be involved by reason of any action taken or failure to act under the Plan (or any Option
Agreement) and against and from any and all amounts paid by such Indemnified Person in settlement
thereof, with the Company’s approval, or paid by such Indemnified Person in satisfaction of any
judgment in any such action, suit or proceeding against such Indemnified Person, provided
that, such Indemnified Person shall give the Company an opportunity, at its own expense, to handle
and defend the same before such Indemnified Person undertakes to handle and defend it on such
Indemnified Person’s own behalf. The foregoing right of indemnification shall not be exclusive and
shall be independent of any other rights of indemnification to which such Indemnified Person may be
entitled under the Company’s Certificate of Incorporation or By-Laws, by contract, as a matter of
law or otherwise.

          9.6. No Limitation on Compensation. Nothing in the Plan shall be construed to
limit the right of the Company to establish other plans or to pay compensation to its employees in
cash or property.

          9.7. Requirements of Law. The granting of Options, the exercisability of any
Options and the issuance of Shares shall be subject to all applicable laws, rules, and regulations
and to such approvals by any governmental agencies or national securities exchanges as may be
required.

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          9.8. Governing Law. The Plan, and all agreements hereunder, shall be construed in
accordance with and governed by the laws of the State of Delaware.

          9.9. No Impact On Benefits. Options granted under the Plan (including the
proceeds upon exercise thereof) shall not be included as compensation for purposes of calculating
an Employee’s or Board member’s benefits under any employee benefit plan unless expressly provided
under such employee benefit plan.

          9.10. Securities Law Compliance. Instruments evidencing the grant of Options may
contain such other provisions, not inconsistent with the Plan, as the Committee deems advisable,
including a requirement that a Participant represent to the Company in writing, when such
Participant receives shares upon exercise of an Option (or at such other time as the Committee
deems appropriate) that such Participant is acquiring such shares (unless they are then covered by
an effective registration statement filed under the Act) for such Participant’s own account for
investment only and with no present intention to transfer, sell or otherwise dispose of such shares
except such disposition by a legal representative as shall be required by will or the laws of any
jurisdiction in winding up the estate of such Participant. Such shares shall be transferable only
if the proposed transfer shall be permissible pursuant to the Plan and if, in the opinion of
counsel satisfactory to the Company, such transfer at such time will be in compliance with all
applicable securities laws.

          9.11. Freedom of Action. Nothing in the Plan or any agreement entered into
pursuant to this Plan shall be construed as limiting or preventing the Company or any Subsidiary
from taking any action with respect to the operation or conduct of its business that it deems
appropriate or in its best interest.

          9.12. No Fiduciary Relationship. Nothing contained in the Plan and no action
taken pursuant to the Plan shall create or be construed to create a trust of any kind or any
fiduciary relationship between the Company or any Subsidiary and any Participant or executor,
administrator or other personal representative or designated beneficiary of such Participant, or
any other persons.

          9.13. No Right to Particular Assets. Any reserves that may be established by the
Company in connection with this Plan shall continue to be held as part of the general funds of the
Company, and no individual or entity other than the Company shall have any interest in such funds
until paid to a Participant.

          9.14. Unsecured Creditor. To the extent that any Participant or his executor,
administrator or other personal representative, as the case may be, acquires a right to receive any
payment from the Company pursuant to this Plan, such right shall be no greater than the right of an
unsecured general creditor of the Company.

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          9.15. Severability of Provisions. If any provision of this Plan shall be held
invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions
hereof, and this Plan shall be construed and enforced as if such provision had not been included.

          9.16. Term of Plan. This Plan shall be effective as of the Closing Date and shall
expire on the tenth anniversary of the Closing Date (except as to Options outstanding on that
date), unless sooner terminated pursuant to Section 8.

          9.17. Section 409A of the Code. This Plan (including any Alternative Awards
established pursuant to the Plan) and any Option Agreement entered into pursuant to this Plan are
intended to be exempt from or comply with the requirements of section 409A of the Code and shall be
construed and interpreted in accordance with such intent.

14exv10w3

Exhibit 10.3

 

STOCKHOLDERS AGREEMENT

ROADHOUSE HOLDING INC.

Dated as of November 19, 2010

 

 

 

Table of Contents

	 	 	 	 	 
	 	 	Page
	1. Restrictions on Transfer of Common Stock
	 	 	1	 
	1.1 Restrictions on Transfers by the Stockholders
	 	 	1	 
	 
	 	 	 	 
	2. Sale by Management Stockholders to the Company (“Put Rights”)
	 	 	3	 
	2.1 Right to Sell
	 	 	3	 
	2.2 Notice
	 	 	3	 
	2.3 Payment
	 	 	3	 
	 
	 	 	 	 
	3. Right of the Company to Purchase from Management Stockholders (“Call Right”)
	 	 	4	 
	3.1 Right to Purchase
	 	 	4	 
	3.2 Notice
	 	 	4	 
	3.3 Payment
	 	 	5	 
	 
	 	 	 	 
	4. Purchase Price
	 	 	5	 
	4.1 Appraisal
	 	 	5	 
	4.2 Fair Market Value
	 	 	5	 
	4.3 Carrying Value
	 	 	5	 
	 
	 	 	 	 
	5. Prohibited Purchases
	 	 	6	 
	 
	 	 	 	 
	6. Tag-Along and Drag-Along Rights
	 	 	7	 
	6.1 Tag-Along Rights
	 	 	7	 
	6.2 Drag-Along Rights
	 	 	8	 
	6.3 Involuntary Transfers
	 	 	10	 
	 
	 	 	 	 
	7. Preemptive Rights
	 	 	10	 
	 
	 	 	 	 
	8. Election of Directors
	 	 	11	 
	 
	 	 	 	 
	9. Stock Certificate Legend
	 	 	12	 
	 
	 	 	 	 
	10. Covenants; Representations and Warranties
	 	 	13	 
	10.1 New Management Stockholders
	 	 	13	 
	10.2 No Other Arrangements or Agreements
	 	 	14	 
	10.3 Additional Representations and Warranties
	 	 	14	 
	 
	 	 	 	 
	11. Amendment and Modification
	 	 	15	 
	 
	 	 	 	 
	12. Parties
	 	 	16	 
	12.1 Assignment by the Company
	 	 	16	 
	12.2 Assignment Generally
	 	 	16	 
	12.3 Termination
	 	 	16	 

i

 

Table of Contents

(continued)

	 	 	 	 	 
	 	 	Page
	12.4 Agreements to Be Bound
	 	 	16	 
	 
	 	 	 	 
	13. Recapitalizations, Exchanges, etc
	 	 	17	 
	 
	 	 	 	 
	14. No Third Party Beneficiaries
	 	 	17	 
	 
	 	 	 	 
	15. Further Assurances
	 	 	17	 
	 
	 	 	 	 
	16. Governing Law
	 	 	17	 
	 
	 	 	 	 
	17. Invalidity of Provision
	 	 	17	 
	 
	 	 	 	 
	18. Waiver
	 	 	17	 
	 
	 	 	 	 
	19. Notices
	 	 	18	 
	 
	 	 	 	 
	20. Headings
	 	 	19	 
	 
	 	 	 	 
	21. Counterparts
	 	 	19	 
	 
	 	 	 	 
	22. Entire Agreement
	 	 	19	 
	 
	 	 	 	 
	23. Injunctive Relief
	 	 	19	 
	 
	 	 	 	 
	24. Defined Terms
	 	 	19	 

ii

 

STOCKHOLDERS AGREEMENT

          STOCKHOLDERS AGREEMENT, dated as of November 19, 2010 (this “Agreement”), among
Roadhouse Holding Inc., a Delaware corporation (the “Company”), Kelso Investment Associates
VIII, L.P. (“KIA VIII”), a Delaware limited partnership, KEP VI, LLC, a Delaware limited
liability company (“KEP VI” and, together with KIA VIII, the “Kelso Stockholders”),
those employees of the Company or its subsidiaries named on the signature pages hereto or who
otherwise become party to a party to this Agreement pursuant to Section 10.1 (collectively, the
“Management Stockholders”) and any other Person who may become a party to this Agreement
pursuant to Section 10.1 (together with the Kelso Stockholders and the Management Stockholders, the
“Stockholders”). Capitalized terms used herein without definition are defined in Section
24.

          WHEREAS, pursuant to an Agreement and Plan of Merger, dated as of August 27, 2010, by and
among Roadhouse Parent Inc., a Delaware corporation and indirect subsidiary of the Company
(“Parent”), Roadhouse Merger Inc., a Delaware corporation and direct subsidiary of Parent
(“Merger Sub”), LRI Holdings, Inc., a Delaware corporation (“LRI”), and LRI
Acquisition, LLC, as the stockholder’s representative, Merger Sub merged with and into LRI, with
LRI surviving the merger (the “Merger”);

          WHEREAS, LRI is the direct parent of Logan’s Roadhouse, Inc. a Tennessee corporation
(“Logan’s”);

          WHEREAS, as a result of the Merger, LRI, Logan’s and its Subsidiaries are indirect, wholly
owned Subsidiaries of the Company; and

          WHEREAS, each of the Stockholders and the Company desires to set forth herein certain terms
and conditions governing the rights and obligations of the stockholders of the Company.

          NOW, THEREFORE, in consideration of the mutual covenants and obligations set forth in this
Agreement, the parties hereto agree as follows:

          1. Restrictions on Transfer of Common Stock.

          1.1 Restrictions on Transfers by the Stockholders.

          (a) The Stockholders (excluding the Kelso Stockholders) may not Transfer any shares of Common
Stock, nor any interest therein nor any rights relating thereto, provided that shares of
Common Stock held by any Stockholder may be Transferred (i) in the case of a Management
Stockholder, pursuant to Section 1.1(b)

 

 

(“Permitted Pledges”), (ii) in the case of a Management Stockholder, pursuant to
Section 1.1(c) (“Estate Planning Transfers”) or, in case of his or her death, by will or by the
laws of intestate succession, to his or her executors, administrators, testamentary trustees,
legatees or beneficiaries, (iii) in the case of a Management Stockholder, pursuant to
Section 2 (“Put Rights”), (iv) in the case of a Management Stockholder, pursuant to Section
3 (“Call Right”), (v) pursuant to Section 6.1 (“Tag-Along Rights”), (vi) pursuant
to Section 6.2 (“Drag-Along Rights”), (vii) in accordance with Section 6.3 (“Involuntary
Transfers”) or (viii) in connection with a registered offering pursuant to the Registration
Rights Agreement.

          (b) Permitted Pledges. A Management Stockholder may pledge any or all shares of
Common Stock now or hereafter owned by him or her, or grant a security interest therein to secure
indebtedness of such Management Stockholder owing to a bank or other financial institution, in
either case on terms and conditions approved by the Board (excluding such Management Stockholder
and other members of the Board who are designees of the Management Stockholders), provided,
however, that any pledgee pursuant to this subsection (b) shall acquire only a security interest in
such shares of Common Stock entitling such pledgee to (i) the proceeds from any sale of
such shares made in compliance with the terms of this Agreement and (ii) any proceeds of
any distribution to stockholders on account of the Common Stock in any liquidation as a result of
any bankruptcy proceeding or the winding up of affairs of the Company, and in no event shall such
pledgee be entitled to receive title to such shares or any other rights incident thereto other than
those specified above. The pledge agreements or other related financing agreements of any
Management Stockholder shall be subject to and acknowledge the rights of the Company and the other
Stockholders set forth herein and shall acknowledge the restrictions imposed on the pledgee’s
security interest pursuant to this Section 1.1(b).

          (c) Estate Planning Transfers. Shares of Common Stock held by Management Stockholders
may be Transferred for estate-planning purposes of such Management Stockholder, authorized by the
prior written approval of the Board (excluding such Management Stockholder and other members of the
Board who are designees of the Management Stockholders), such approval not to be unreasonably
withheld or delayed, to (i) a trust under which the distribution of the shares of Common
Stock may be made only to beneficiaries who are such Management Stockholder, his or her spouse, his
or her parents, members of his or her immediate family or his or her lineal descendants,
(ii) a charitable remainder trust, the income from which will be paid to such Management
Stockholder during his or her life, (iii) a corporation, the stockholders of which are only
such Management Stockholder, his or her spouse, his or her parents, members of his or her immediate
family or his or her lineal descendants or (iv) a partnership or limited liability company,
the partners or members of which are only such Management Stockholder, his or her spouse, his or
her parents, members of his or her immediate family or his or her lineal descendants.

2

 

          2. Sale by Management Stockholders to the Company (“Put Rights”).

          2.1 Right to Sell. Subject to all subsections of this Section 2 and to Section 5
(“Prohibited Purchases”), each of the Management Stockholders shall have the right to sell to the
Company, and the Company shall have the obligation to purchase from each such Management
Stockholder, all, but not less than all, of such Management Stockholder’s shares of Common Stock
following the termination of employment of such Management Stockholder, at their Fair Market Value
(as defined in Section 4.2(a)), if the employment of such Management Stockholder with the Company
or any subsidiary that employs such individual (or by the Company on behalf of any such subsidiary)
(a) is terminated without Cause or (b) terminates as a result of (i) the
death or Disability of such Management Stockholder, (ii) the resignation of such Management
Stockholder for Good Reason or (iii) the voluntary departure of such Management Stockholder
at or after the age of 65 (“Retirement”).

          2.2 Notice. If any Management Stockholder desires to sell shares of Common Stock
pursuant to Section 2.1, he or she (or his or her estate, trust, corporation or partnership, as the
case may be) shall notify the Company (a) not more than 180 days after a termination of
employment as a result of the death or Disability of such Management Stockholder or (b) not
more than 60 days after a termination of employment as a result of a termination without Cause, the
resignation of such Management Stockholder for Good Reason or Retirement; provided that if
the shares of Common Stock desired to be sold after a termination of employment as described in
clause (b) of this Section 2.2 are shares of Common Stock acquired at any time by such Management
Stockholder pursuant to an exercise of any stock options occurring within six months prior to the
date of termination of employment of such Management Stockholder (including, without limitation,
after the termination of employment), then the notice required by this Section 2.2 shall be given
to the Company not earlier than six months and one day nor later than eight months after the
acquisition of such shares. Each such notice shall specify the number of shares of Common Stock
such Management Stockholder owns at the time notice is given.

          2.3 Payment. Subject to Section 5 (“Prohibited Purchases”), payment for any shares of
Common Stock sold by a Management Stockholder pursuant to Section 2.1 shall be made on the date
that is 30 days (or the first business day thereafter if the 30th day is not a business day)
following the date of the receipt by the Company of such Management Stockholder’s notice with
respect to such shares pursuant to Section 2.2; provided, however, that in the
event the Company is conducting an Appraisal as required under Section 4.1 and such Appraisal (as
defined in Section 4.1) is not completed by such 30th day, then within five business
days of the completion of the Appraisal.

3

 

          3. Right of the Company to Purchase from Management Stockholders (“Call Right”).

          3.1 Right to Purchase. Subject to all subsections of this Section 3 and to Section 5
(“Prohibited Purchases”), the Company shall have the right to purchase from each Management
Stockholder, and each such Management Stockholder shall have the obligation to sell to the Company,
all, but not less than all, of such Management Stockholder’s shares of Common Stock:

     (i) at the Fair Market Value of such shares of Common Stock to be purchased if such
Management Stockholder’s employment with the Company and any subsidiary that employs such
individual is terminated as a result of (A) the termination by the Company and any
such subsidiary (or by the Company on behalf of any such subsidiary) of such employment
without Cause, (B) the death or Disability of such Management Stockholder,
(C) the resignation of such Management Stockholder for Good Reason or (D)
Retirement of such Management Stockholder;

     (ii) at the lesser of the Fair Market Value and the Carrying Value (as defined in
Section 4.3) of such shares of Common Stock to be purchased if such Management
Stockholder’s employment with the Company and any subsidiary that employs such individual
is terminated by the Company and any such subsidiary (or by the Company on behalf of any
such subsidiary) for Cause; or

     (iii) at the Fair Market Value or the Carrying Value of such shares of Common Stock to
be purchased, in the sole discretion of the Board (excluding such Management Stockholder
and other members of the board who are designees of the Management Stockholders), if such
Management Stockholder’s employment with the Company and any subsidiary that employs such
individual is terminated by the Company or such Management Stockholder for any reason other
than as a result of an event described in either subparagraph (i) or (ii) of this Section
3.1.

          3.2 Notice. If the Company desires to purchase shares of Common Stock from a
Management Stockholder pursuant to Section 3.1, it shall notify such Management Stockholder (or his
or her estate, trust, corporation or partnership, as the case may be) not more than 60 days after
the termination of employment as a result of the event giving rise to the Company’s right to
acquire such Management Stockholder’s shares of Common Stock; provided that, with
respect to the Company’s purchase of shares of Common Stock acquired at any time by such Management
Stockholder pursuant to an exercise of any stock options occurring within six months prior to the
date of termination of employment of such Management Stockholder (including, without limitation,
after the termination of employment) in connection with any termination other

4

 

than as a result of death, Disability or for Cause, the notice required by this Section 3.2
shall be given by the Company not earlier than six months and one day nor later than eight months
after the acquisition of such shares.

          3.3 Payment. Subject to Section 5 (“Prohibited Purchases”), payment for any shares of
Common Stock purchased by the Company pursuant to Section 3.1 shall be made on the date that is 30
days (or the first business day thereafter if the 30th day is not a business day) following the
date of the receipt by a Management Stockholder of the Company’s notice with respect to such shares
pursuant to Section 3.2; provided, however, that in the event the Company is
conducting an Appraisal as required under Section 4.1 and such Appraisal is not completed by such
30th day, then within five business days of the completion of such Appraisal.

          4. Purchase Price.

          4.1 Appraisal. The Company shall engage, from time to time at the discretion of the
Board, but not less often than within 90 days after every fiscal year, commencing with the fiscal
year ending on July 31, 2011, an independent valuation consultant or appraiser of recognized
national standing, reasonably satisfactory to the Kelso Stockholders (the “Appraiser”), to
appraise the Fair Market Value of the shares of Common Stock as of the last day of the calendar
year then most recently ended or, at the request of the Company, as of any more recent date (the
“Appraisal Date”), and to prepare and deliver a report to the Company describing the
results of such appraisal (the “Appraisal”). The Company shall bear the fees and expenses
of each Appraisal.

          4.2 Fair Market Value.

          (a) The “Fair Market Value” of any share of Common Stock shall be (i) the fair
market value of the entire equity interest of the Company taken as a whole, without additional
premiums for control or discounts for minority interests or restrictions on transfer, divided by
(ii) the number of outstanding shares of Common Stock, calculated on a fully-diluted basis,
provided that the Board and the Appraiser shall be entitled to determine in its judgment
the extent to which any stock options, the exercise price of which exceeds the Fair Market Value of
the underlying shares of Common Stock, should be included in the calculation of the number of fully
diluted shares of Common Stock.

          (b) The Fair Market Value of any share of Common Stock shall be calculated with reference to
the most recent Appraisal and as of the most recent Appraisal Date prior to the date of the closing
of the repurchase of such shares of Common Stock.

          4.3 Carrying Value. For the purposes of this Agreement, the “Carrying Value”
of any share of Common Stock being purchased by the Company shall

5

 

be equal to the price paid by the selling Management Stockholder for any such share, less the
amount of dividends and other distributions, if any, paid in respect of such share.

          5. Prohibited Purchases. Notwithstanding anything to the contrary herein, the Company
shall not be obligated or permitted to purchase any shares of Common Stock from a Management
Stockholder under Section 2 or Section 3 to the extent that at such time (a) the Company is
prohibited from purchasing such shares by applicable law, (b) the Company is prohibited
from purchasing such shares by any debt instruments or agreements, including any amendment,
renewal, extension, substitution, refinancing, replacement or other modification thereof, which
have been entered into or which may be entered into by the Company or any of its subsidiaries,
including those to finance the acquisition of LRI at Closing, and any future acquisitions by the
Company or recapitalizations of the Company or any of its Subsidiaries (the “Financing
Documents”), (c) an event of default has occurred (or, with notice or the lapse of time
or both, would occur) under any Financing Document and is (or would be) continuing, (d) the
purchase of such shares would, or in the view of the Board (excluding such Management Stockholder
and other members of the Board who are designees of the Management Stockholders) might, result in
the occurrence of an event of default under any Financing Document or create a condition which
would or might, with notice or lapse of time or both, result in such an event of default,
(e) the purchase of such shares would, in the view of the Board (after taking into account
the advice of Logan’s then current chief executive officer and chief financial officer), be
imprudent in view of the financial condition (present or projected) of the Company or any of its
subsidiaries or the anticipated impact of the purchase of such shares on the Company’s or any of
its subsidiaries’ ability to meet their respective obligations under any Financing Document or
otherwise or (f) on the date on which the Company is required to make payment for such
shares of Common Stock, the Company does not have sufficient cash to purchase such shares.
Notwithstanding anything to the contrary contained in this Agreement, if the Company is prohibited
from purchasing any shares of Common Stock from a Management Stockholder under Section 2 or Section
3 as a result of the existence of any of the conditions described in clauses (a) through
(e) of this Section 5, the Company may exercise its rights under Section 3 or the Company
may satisfy its obligation under Section 2, as the case may be, by either (i) making the
payment required under Section 2 or Section 3, as the case may be, at the earliest practicable date
permitted under this Section 5 or (ii) in the case of each of clauses (b) through
(e), pay the purchase price for such shares of Common Stock with a subordinated note which
is fully subordinated in right of payment and exercise of remedies to the lenders’ rights under the
Financing Documents.

6

 

          6. Tag-Along and Drag-Along Rights.

          6.1 Tag-Along Rights.

          (a) In the event that at any time one or more Kelso Stockholders propose to sell shares of
Common Stock owned by it to any person (a “Proposed Purchaser”), other than any Transfer
(i) pursuant to a Registration or Rule 144 or (ii) to an Affiliate, then the Kelso
Stockholders will promptly provide each other Stockholder written notice (a “Sale Notice”)
of such proposed sale (a “Proposed Sale”) and the material terms of the Proposed Sale as of
the date of Sale Notice (the “Material Terms”), including the aggregate number of shares of
Common Stock the Proposed Purchaser is willing to purchase. If within 30 days of the receipt of
the Sale Notice, the Kelso Stockholders receive a written request (a “Sale Request”) to
include shares of Common Stock held by one or more Stockholders in the Proposed Sale, the Common
Stock so held by such Stockholders shall be so included as provided therein; provided,
however, that any Sale Request shall be irrevocable unless (x) there shall be a
material adverse change in the Material Terms or (y) otherwise mutually agreed to in
writing by such Stockholders and the Kelso Stockholders.

          (b) The number of shares of Common Stock that any Stockholder will be permitted to include in
a Proposed Sale on a pro rata basis pursuant to a Sale Request will be equal to the product of
(i) (A) the number of shares of Common Stock held by such Stockholder divided by
(B) the number of shares of Common Stock held by all Stockholders participating in such
Proposed Sale and (ii) the aggregate number of shares of Common Stock proposed to be sold
in such Proposed Sale.

          (c) Shares of Common Stock subject to a Sale Request will be included in a Proposed Sale
pursuant hereto and to any agreement with the Proposed Purchaser relating thereto, on the same
terms and subject to the same conditions applicable to the shares of Common Stock which the Kelso
Stockholders and their Affiliates propose to sell in the Proposed Sale. Such terms and conditions
shall include, without limitation, (i) the sale consideration (which shall be reduced by
the fees and expenses incurred by the Kelso Stockholders and the Company in connection with the
Proposed Sale) and (ii) the provision of information, representations, warranties,
covenants and requisite indemnifications; provided, however, that (x) any
representations and warranties relating specifically to any Stockholder shall only be made by that
Stockholder, (y) any indemnification provided by the Stockholders shall be based on the
number of shares of Common Stock being sold by each Stockholder in the Proposed Sale, either on a
several, not joint, basis or solely with recourse to an escrow established for the benefit of the
Proposed Purchaser and (z) that, with the consent of the Board and Logan’s then current
chief executive officer, the Kelso Stockholders or any of their Affiliates may receive non-cash
consideration in connection with the Proposed Sale that is different from the consideration
received by other Stockholders so long as the per share value of

7

 

the consideration to be received by the Kelso Stockholders or any of their Affiliates is no
greater than that to be received by such other Stockholders (as reasonably determined by the Board
in good faith).

          (d) Upon delivering a Sale Request, each Stockholder (excluding Kelso Stockholders and any
Stockholder who is then not in possession of the certificate representing his or her shares of
Common Stock as a result of a pledge of shares pursuant to Section 1.1(b)) will, if requested by
the Kelso Stockholders (or any of their Affiliates), execute and deliver a custody agreement and
power of attorney in form and substance satisfactory to the Kelso Stockholders (or any such
Affiliate of the Kelso Stockholders) (a “Custody Agreement and Power of Attorney”) with
respect to the shares of the Common Stock which are to be included in the Proposed Sale pursuant to
this Section 6.1. The Custody Agreement and Power of Attorney will provide, among other things,
that each such Stockholder will deliver to and deposit in custody with KIA VIII, named as the
custodian and attorney-in-fact therein, a certificate or certificates representing such shares of
Common Stock (duly endorsed in blank by the registered owner or owners thereof or accompanied by
duly executed stock powers in blank) and irrevocably appoint KIA VIII as such Stockholder’s agent
and attorney-in-fact with full power and authority to act under such Custody Agreement and Power of
Attorney on behalf of such Stockholder with respect to the matters specified therein.

          (e) Each Stockholder agrees that such Stockholder will execute such other agreements as the
Kelso Stockholders (or any of their Affiliates) may reasonably request in connection with the
consummation of a Proposed Sale and Sale Request and the transactions contemplated thereby,
including, without limitation, any purchase, recapitalization or merger agreement, escrow agreement
or other ancillary agreements, proxies, written consents in lieu of meetings or waivers of
appraisal rights

          (f) If one or more Kelso Stockholders sells or assigns shares of Common Stock owned by it to
an Affiliate and then proposes to sell equity securities of such Affiliate to a Third Party
Investor, then the sale of such Affiliate’s equity securities to such Third Party Investor shall be
subject to the provisions of this Section 6.1 as if such sale were a sale of Common Stock, provided
that this Section 6.1(f) shall not apply to any transfers (i) by any limited partners of KIA VIII
of interests in KIA VIII or any alternative investment vehicle of KIA VIII or (ii) by any members
or direct or indirect partners of KEP VI of any interest in KEP VI or any alternative investment
vehicle of KEP VI.

          6.2 Drag-Along Rights.

          (a) In the event that any time the Kelso Stockholders propose to sell shares of Common Stock
owned by it to any Proposed Purchaser other than any Transfer (i) pursuant to a
Registration or Rule 144, or (ii) to an Affiliate, and the shares proposed

8

 

to be sold, together with all shares of Common Stock previously sold by the Kelso Stockholders
would represent more than 75% of the aggregate number of shares of Common Stock owned by the Kelso
Stockholders immediately after the Closing, then the Kelso Stockholders may provide each other
Stockholder written notice (a “Drag-Along Notice”) of such Proposed Sale and the Material
Terms thereof not less than 25 business days prior to the proposed closing date of the Proposed
Sale and each such Stockholder hereby agrees to sell to such Proposed Purchaser that number of
shares Common Stock equal to the product of (i) the number of shares of Common Stock then
held by such Stockholder multiplied by (ii) the aggregate percentage of Common Stock held
by the Kelso Stockholders and their Affiliates that is represented by the Common Stock that the
Kelso Stockholders and their Affiliates propose to sell in the Proposed Sale.

          (b) Shares of Common Stock subject to a Drag-Along Notice will be included in the Proposed
Sale pursuant hereto and to any agreement with the Proposed Purchaser relating thereto, on the same
terms and subject to the same conditions applicable to the shares of Common Stock which the Kelso
Stockholders and their Affiliates propose to sell in the Proposed Sale. Such terms and conditions
shall include, without limitation, (i) the sale consideration (which shall be reduced by
the fees and expenses incurred by the Kelso Stockholders and the Company in connection with the
Proposed Sale) and (ii) the provision of information, representations, warranties,
covenants and requisite indemnifications, provided, however, that (x) any
representations and warranties relating specifically to any Stockholder shall only be made by that
Stockholder, (y) any indemnification provided by the Stockholders shall be based on the
number of shares of Common Stock being sold by each Stockholder in the Proposed Sale either on a
several, not joint, basis or solely with recourse to an escrow established for the benefit of the
Proposed Purchaser and (z) that, with the consent of the Board and Logan’s then current
chief executive officer, the Kelso Stockholders or any of their Affiliates may receive non-cash
consideration in connection with the Proposed Sale that is different from the consideration
received by other Stockholders so long as the per share value of the consideration to be received
by the Kelso Stockholders or any of their Affiliates is no greater than that to be received by such
other Stockholders (as reasonably determined by the Board in good faith). No Stockholders shall
exercise any dissenter’s rights with respect to the consummation of any such Proposed Sale pursuant
to this Section 6.2.

          (c) Each Stockholder will, if requested by the Kelso Stockholders (or any of their
Affiliates), execute and deliver a Custody Agreement and Power of Attorney in form and substance
satisfactory to the Kelso Stockholders (or any such Affiliate of the Kelso Stockholders) with
respect to the shares of Common Stock which are to be included in the Proposed Sale pursuant to
this Section 6.2. The Custody Agreement and Power of Attorney will provide, among other things,
that each such Stockholder will deliver to and deposit in custody with the Kelso Stockholders,
named as the custodian and attorney-in-fact therein, a certificate or certificates representing
such shares of Common Stock (duly endorsed in blank by the registered owner or owners thereof or

9

 

accompanied by duly endorsed stock powers in blank) and irrevocably appoint the Kelso
Stockholders as such Stockholder’s agent and attorney-in-fact with full power and attorney to act
under a custody agreement and power of attorney on behalf of such Stockholder with respect to the
matters specified therein.

          (d) Each Stockholder agrees that such Stockholder will execute such other agreements as the
Kelso Stockholders (or any Affiliate of the Kelso Stockholders) may reasonably request in
connection with the consummation of a Proposed Sale and Drag-Along Notice and the transactions
contemplated thereby, including, without limitation, any purchase, merger or recapitalization
agreement, escrow agreement or other ancillary agreements, proxies, written consents in lieu of
meetings or waivers of appraisal rights.

          6.3 Involuntary Transfers. Any transfer of title or beneficial ownership of shares
of Common Stock upon default, foreclosure, forfeit, divorce, court order or otherwise than by a
voluntary decision on the part of a Stockholder (each, an “Involuntary Transfer”) shall be
void unless the Stockholder complies with this Section 6.3 and enables the Company to exercise in
full its rights hereunder. At least thirty days (or in any event as early as practicable) prior to
any expected Involuntary Transfer of Common Stock, the Stockholder holding such Common Stock shall
deliver to the Company a written notice of the expected Involuntary Transfer, including the number
of shares that would be subject to such Involuntary Transfer (the “Subject Shares”) and the
identity of the Person that would acquire the Subject Shares if the Involuntary Transfer were
consummated. Such notice shall also state that such Stockholder is willing to sell the Subject
Shares to the Company at the Fair Market Value of such Subject Shares. Such notice shall
constitute an irrevocable offer by such Stockholder to sell all of the Subject Shares to Company.
Within the 30-day period following the giving of such notice, Company shall be entitled to elect to
purchase the Subject Shares at the price set forth in such notice.

          7. Preemptive Rights. In the event that the Company or any of its Subsidiaries
proposes to sell a New Issue to the Kelso Stockholders, one or more of their Affiliates or any
Third Party Investor, each of the other Stockholders (provided, in the case of a Management
Stockholder, that such Management Stockholder is employed by the Company or a Subsidiary at such
time) shall have the right to purchase (the “Preemptive Right”), on the same terms and
conditions as those of the proposed sale of the New Issue (including, without limitation, as to
price), a portion of such shares of the New Issue to be sold equal to such Stockholder’s percentage
ownership of the Common Stock as of a record date to be set by the Board not more than thirty (30)
days prior to the date of such sale of the New Issue. The Preemptive Right shall be exercisable
for a 15-day period after the Company has given written notice of the proposed sale to such
Stockholders (which notice shall be given on, prior to or as promptly as practicable after the date
of the new issuance). Such notice shall state (i) the number of shares of the New

10

 

Issue to be offered to each Stockholder, (ii) the aggregate consideration to be paid
for such shares by each Stockholder and (iii) the proposed date, time and location of the
closing of such purchase (which shall occur within 30 days after the New Issue). At the closing of
each such additional purchase, the Company shall issue and deliver to each Stockholder stock
certificates representing that number of fully paid and nonassessable shares of the New Issue (or
executed agreements representing equity securities other than shares) that each such Stockholder
has purchased pursuant to this Section 7 and each such Stockholder shall pay to the Company by wire
transfer of immediately available funds the aggregate consideration for such equity securities.
Notwithstanding the foregoing or anything in this Section 7 to the contrary, the Company shall not
be required to sell any shares of the New Issue to a Stockholder that is not an “accredited
investor,” as such term is defined in Rule 501 of Regulation D, promulgated under the Securities
Act.

          8. Election of Directors.

          (a) Each Stockholder (excluding the Kelso Stockholders) shall vote all of its shares of Common
Stock and any other voting securities of the Company over which such Stockholder has voting control
and shall take all other necessary or desirable actions within such Stockholder’s control (whether
in such Stockholder’s capacity as a stockholder, director, member of a board committee or officer
of the Company or otherwise, and including, without limitation, attendance at meetings in person or
by proxy for purposes of obtaining a quorum, execution of written consents in lieu of meetings and
approval of amendments and/or restatements of the Company’s certificate of incorporation or
bylaws), and the Company shall take all necessary and desirable actions within its control
(including, without limitation, calling special board, stockholder meetings and approval of
amendments and/or restatements of the Company’s certificate of incorporation or by-laws), so that:

     (i) the authorized number of directors on the Board shall be established by the Kelso
Stockholders;

     (ii) G. Thomas Vogel shall be elected to the Board for so long as he remains the chief
executive officer of Logan’s and, following such time as G. Thomas Vogel ceases to be the
chief executive officer of Logan’s, the then current chief executive officer of Logan’s
shall be elected to the Board;

     (iii) the remainder of the directors, which will be designated by KIA VIII, shall be
elected to the Board;

     (iv) the composition of the board of directors of each of the Company’s subsidiaries
(a “Subsidiary Board”) shall be determined only upon the approval of the Board;

11

 

     (v) any committees of the Board or a Subsidiary Board shall be created only upon the
approval of the Board;

     (vi) the removal from the Board or a Subsidiary Board (with or without cause) of any
representative designated pursuant hereto by the Kelso Stockholders shall be at the Kelso
Stockholders’ written request, but only upon such written request and under no other
circumstances; and

     (vii) in the event that any representative designated pursuant hereto by KIA VIII for
any reason ceases to serve as a member of the Board or a Subsidiary Board during his or her
term of office, the resulting vacancy on the Board or the Subsidiary Board shall be filled
by a representative designated by KIA VIII.

          (b) If KIA VIII fails to designate a representative to fill a directorship pursuant to the
terms of this Section 8, the election of a person to such directorship shall be accomplished in
accordance with the Company’s by-laws and applicable law.

          (c) In order to secure each Management Stockholder’s obligation to vote its shares of Common
Stock and other voting securities of the Company in accordance with the provisions of Section 8
hereof, each Management Stockholder hereby appoints KIA VIII as its true and lawful proxy and
attorney-in-fact, with full power of substitution, to vote all of such Person’s shares of Common
Stock and other voting securities of the Company for the election and removal of directors and all
such other matters as expressly provided for in this Section 8. KIA VIII may exercise the
irrevocable proxy granted to it hereunder at any time any Management Stockholder fails to comply
with the provisions of this Section 8. The proxies and powers granted by each Management
Stockholder pursuant to this paragraph (c) are coupled with an interest and are given to secure the
performance of the obligations under this Agreement. Such proxies and powers will be irrevocable
until the termination of this Agreement and will survive the death, incompetency and disability of
each Management Stockholder and the holders of each of his or her respective shares of Common
Stock.

          9. Stock Certificate Legend. A copy of this Agreement shall be filed with the
Secretary of the Company and kept with the records of the Company. Each certificate representing
shares of Common Stock owned by the Stockholders shall bear upon its face the following legends, as
appropriate:

	 	(a)	 	“THE SHARES EVIDENCED BY THIS CERTIFICATE HAVE BEEN ACQUIRED
FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE “ACT”), AND MAY NOT BE OFFERED, SOLD, ASSIGNED, PLEDGED,
HYPOTHECATED, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS

12

 

	 	 	 	AND UNTIL REGISTERED UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES
LAWS OR UNLESS, IN THE OPINION OF COUNSEL TO THE STOCKHOLDER, WHICH
COUNSEL MUST BE, AND THE FORM AND SUBSTANCE OF WHICH OPINION ARE,
SATISFACTORY TO THE ISSUER, SUCH OFFER, SALE, ASSIGNMENT, PLEDGE,
HYPOTHECATION, TRANSFER OR OTHER DISPOSITION IS EXEMPT FROM REGISTRATION
OR IS OTHERWISE IN COMPLIANCE WITH THE ACT, SUCH LAWS AND THE STOCKHOLDERS
AGREEMENT OF THE ISSUER, DATED AS OF NOVEMBER 19, 2010, AS AMENDED AND
SUPPLEMENTED FROM TIME TO TIME IN ACCORDANCE WITH THE TERMS THEREOF (THE
“STOCKHOLDERS AGREEMENT”).”
	 
	 	(b)	 	THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE ARE
SUBJECT TO RESTRICTIONS ON TRANSFER AND OTHER CONDITIONS, AS SPECIFIED IN THE
STOCKHOLDERS AGREEMENT, COPIES OF WHICH ARE ON FILE AT THE OFFICE OF THE
ISSUER AND WILL BE FURNISHED WITHOUT CHARGE TO THE HOLDER OF SUCH SHARES UPON
WRITTEN REQUEST.”

In addition, certificates representing shares of Common Stock owned by residents of certain states
shall bear any legends required by the laws of such states.

          All Stockholders shall be bound by the requirements of such legends. Upon a Registration of
any shares of Common Stock, the certificate representing the registered shares shall be replaced,
at the expense of the Company, with certificates not bearing the legends required by clauses (a)
and (b) of this Section 9.

          10. Covenants; Representations and Warranties.

          10.1 New Management Stockholders. Each of the Stockholders hereby agrees that any
employee of the Company or any of its subsidiaries who after the date of this Agreement is offered
shares of any class of Common Stock or holds stock options exercisable into shares of Common Stock
shall, as a condition precedent to the acquisition of such shares of Common Stock or the exercise
of such stock options, as the case may be, (a) become a party to this Agreement by
executing a joinder agreement in the form of Exhibit A attached hereto and (b) if
such employee is a resident of a state with a community or marital property system, cause his or
her spouse to execute a Spousal Waiver in the form of Exhibit B attached hereto, and
deliver such executed joinder agreement and Spousal Waiver, if applicable, to the Company at its
address

13

 

specified in Section 19 hereof. Upon such execution and delivery, such employee shall be a
Management Stockholder for all purposes of this Agreement. Subject to Section 12.4, with the
consent of the Kelso Stockholders (and only the consent of the Kelso Stockholders), any Person who
is not an employee of the Company or any of its subsidiaries may become a Stockholder under this
Agreement by executing a joinder agreement in the form prescribed by the Company and such other
agreements or documents as may reasonably be requested by the Company and delivering such executed
joinder and other agreements and documents to the Company at its address specified in Section 19
hereof.

          10.2 No Other Arrangements or Agreements. Each Stockholder hereby represents and
warrants to the Company and to each other Stockholder that, except for this Agreement, the
Registration Rights Agreement, the applicable stock subscription agreements, if any, with the
Company (collectively, the “Stock Subscription Agreements”) and, in the case of any
affected Management Stockholder, any employment agreement with the Company and any stock option
agreement of the Company applicable to such Management Stockholder, he or she has not entered into
or agreed to be bound by any other arrangements or agreements of any kind with any other party with
respect to the shares of Common Stock, including, but not limited to, arrangements or agreements
with respect to the acquisition or disposition of Common Stock or any interest therein or the
voting of shares of Common Stock (whether or not such agreements and arrangements are with the
Company or any of its subsidiaries, or other Stockholders) and each Non-Kelso Stockholder agrees
that, except as expressly permitted under this Agreement, he or she will not enter into any such
other arrangements or agreements.

          10.3 Additional Representations and Warranties. Each Stockholder represents and
warrants to the Company and each other Stockholder, as of the date such Stockholder becomes party
to this Agreement, that:

          (a) such Stockholder has the power, authority and capacity (or, in the case of any Stockholder
that is a corporation, limited liability company or limited partnership, all corporate limited
liability company or limited partnership power and authority, as the case may be) to execute,
deliver and perform this Agreement;

          (b) in the case of a Stockholder that is a corporation, limited liability company or limited
partnership, the execution, delivery and performance of this Agreement by such Stockholder has been
duly and validly authorized and approved by all necessary corporate, limited liability company or
limited partnership action, as the case may be;

14

 

          (c) in the case of a Stockholder that is a trust, other vehicle for the benefit of a Person or
other entity or account, no consent of any beneficiary is required for the execution, delivery and
performance of this Agreement;

          (d) in the case of a Stockholder who is married and the Shares of such Stockholder constitute
community property or otherwise requires spousal or other approval for this Agreement to be legal,
valid and binding with respect to the Shares, this Agreement has been validly authorized and
approved by, and constitutes a valid and binding agreement of, such Stockholder’s spouse,
enforceable against such spouse in accordance with its terms;

          (e) this Agreement has been duly and validly executed and delivered by such Stockholder and
constitutes a valid and legally binding obligation of such Stockholder, enforceable in accordance
with its terms, subject to bankruptcy, insolvency, reorganization, moratorium or other similar laws
affecting or relating to creditors’ rights generally and general principles of equity;

          (f) the execution, delivery and performance of this Agreement by such Stockholder does not and
will not violate the terms of or result in the acceleration of any obligation under (i) any
material contract, commitment or other material instrument to which such Stockholder is a party or
by which such Stockholder is bound or (ii) in the case of a Stockholder that is a
corporation, limited liability company or limited partnership, the certificate of incorporation and
the by-laws, the certificate of formation and the limited liability company agreement, or the
certificate of limited partnership and the limited partnership agreement, as the case may be; and

          (g) if such employee is a resident of a state with a community or marital property system,
such employee’s spouse has executed a Spousal Waiver in the form of Exhibit B attached
hereto, and such employee has delivered such executed Spousal Waiver to the Company at its address
specified in Section 19 hereof.

          11. Amendment and Modification. This Agreement may not be amended, modified or
supplemented except by a written instrument signed by the Company and the Kelso Stockholders.
Notwithstanding the foregoing, this Agreement may not be amended, modified or supplemented without
the prior written consent of a majority in interest of the Stockholders, excluding the Kelso
Stockholders, (based on the aggregate number of shares of Common Stock owned by the Stockholders,
excluding the Kelso Stockholders, at the time of such amendment, modification or supplement) if
such amendment, modification or supplement could reasonably be expected to materially and adversely
affect the Stockholders, excluding the Kelso Stockholders, it being understood that amendments to
the provisions relating to the Board would not materially and adversely affect any Stockholders.
The Company shall notify all Stockholders promptly after any such amendment, modification or
supplement shall have taken effect.

15

 

          12. Parties.

          12.1 Assignment by the Company. The Company shall have the right to assign to the
Kelso Stockholders all or any portion of its rights and obligations under Sections 2, 3, 5 and 6.3,
provided that any such assignment or assumption is accepted by the Kelso Stockholders. If
the Company has not exercised its right to purchase shares of Common Stock pursuant to any such
section within 15 days of receipt by the Company of the letter, notice or other occurrence giving
rise to such right, then the Kelso Stockholders shall have the right to require the Company to
assign such right. The Kelso Stockholder shall have the right to assign to one or more of their
Affiliates all or any of its rights to purchase shares of Common Stock pursuant to this Section
12.1.

          12.2 Assignment Generally. The provisions of this Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective heirs, legal representatives,
successors and assigns, provided that neither the Company nor any Non-Kelso Stockholder may
assign any of its rights or obligations hereunder without the consent of the Kelso Stockholders
unless, in the case of a Non-Kelso Stockholder, such assignment is in connection with a Transfer
explicitly permitted by this Agreement and, prior to such assignment, such assignee complies with
the requirements of Section 12.4.

          12.3 Termination. Any Stockholder who ceases to own shares of Common Stock or any
interest therein, shall cease to be a party to, or Person who is subject to, this Agreement and
thereafter shall have no rights or obligations hereunder, provided, however, that a
Transfer of shares of Common Stock not explicitly permitted under this Agreement shall not relieve
a Non-Kelso Stockholder of any of his or her obligations hereunder. All rights and obligations
pursuant to Sections 1, 2, 3, 4, 6, 7 and 8 of this Agreement shall terminate upon the occurrence
of an IPO. This entire Agreement shall terminate on a sale of Common Stock by the Kelso
Stockholders to a Third Party Investor, whether in a stock sale transaction, merger or otherwise,
(i) following which sale a majority of the issued and outstanding shares of Common Stock
are owned by Third Party Investors.

          12.4 Agreements to Be Bound. Notwithstanding anything to the contrary contained in
this Agreement, any Transfer of shares by a Non-Kelso Stockholder (the “Transferor”) (other
than pursuant to a Registration or to Section 2) shall be permitted under the terms of this
Agreement only if the transferee of such Transferor (the “Transferee”) shall agree in
writing to be bound by the terms and conditions of this Agreement pursuant to an instrument of
assumption reasonably satisfactory in substance and form to the Company, and in the case of a
Transferee of a Management Stockholder who resides in a state with a community property system,
such Transferee causes his or her spouse, if any, to execute a Spousal Waiver in the form of
Exhibit A attached hereto. Upon the execution of the instrument of assumption by such Transferee
and, if applicable, the Spousal Waiver by the spouse of such Transferee, such Transferee shall

16

 

enjoy all of the rights and shall be subject to all of the restrictions and obligations of the
Transferor of such Transferee, including, without limitation, if such Transferor was a Management
Stockholder, the provisions of Section 2 and 3 (which shall continue to apply as though such
Transferor were still the holder of such shares).

          13. Recapitalizations, Exchanges, etc. Except as otherwise provided herein, the
provisions of this Agreement shall apply to the full extent set forth herein with respect to
(a) the shares of Common Stock and (b) any and all shares of capital stock of the
Company or any successor or assign of the Company (whether by merger, consolidation, sale of assets
or otherwise) which may be issued in respect of, in exchange for, or in substitution for the shares
of Common Stock, by reason of any stock dividend, split, reverse split, combination,
recapitalization, reclassification, merger, consolidation or otherwise. All share numbers and
percentages shall be proportionately adjusted to reflect any stock split, stock dividend or other
subdivision or combination effected after the date hereof.

          14. No Third Party Beneficiaries. Except as otherwise provided herein, this Agreement
is not intended to confer upon any Person, except for the parties hereto, any rights or remedies
hereunder.

          15. Further Assurances. Each party hereto shall do and perform or cause to be done
and performed all such further acts and things and shall execute and deliver all such other
agreements, certificates, instruments and documents as any other party hereto or Person subject
hereto may reasonably request in order to carry out the intent and accomplish the purposes of this
Agreement and the consummation of the transactions contemplated hereby.

          16. Governing Law. This Agreement and the rights and obligations of the parties
hereunder and the Persons subject hereto shall be governed by, and construed and interpreted in
accordance with, the laws of the State of Delaware, without giving effect to the choice of law
principles thereof. Each Stockholder irrevocably submits to the nonexclusive jurisdiction of the
state and federal courts in New York for the purposes of any suit, action or other proceeding
arising out of or based upon this Agreement or the subject matter hereof. Each Stockholder hereby
consents to service of process made in accordance with Section 19.

          17. Invalidity of Provision. The invalidity or unenforceability of any provision of
this Agreement in any jurisdiction shall not affect the validity or enforceability of the remainder
of this Agreement in that jurisdiction or the validity or enforceability of this Agreement,
including that provision, in any other jurisdiction.

          18. Waiver. Waiver by any party hereto of any breach or default by the other party of
any of the terms of this Agreement shall not operate as a waiver of any

17

 

other breach or default, whether similar to or different from the breach or default waived.
No waiver of any provision of this Agreement shall be implied from any course of dealing between
the parties hereto or from any failure by either party to assert its or his or her rights hereunder
on any occasion or series of occasions.

          19. Notices. All notices, requests, demands, waivers and other communications
required or permitted to be given under this Agreement shall be in writing and shall be deemed to
have been duly given if (a) delivered personally, (b) mailed, certified or
registered mail with postage prepaid, (c) sent by next-day or overnight mail or delivery,
(d) sent by fax or (e) sent by email with a response confirming receipt, as follows
(or to such other address as the party entitled to notice shall hereafter designate in accordance
with the terms hereof):

	 	     (i)	 	If to the Company:

	 	 	 	Roadhouse Holding Inc.

3011 Armory Drive, Suite 300

Nashville, TN 37204

Attention: Amy Bertauski

Facsimile No.: 615-885-9057

Email: amyb@logansroadhouse.com

	 	 	 	with a copy to the Kelso Stockholders at their address set forth below.

     (ii) If to a Non-Kelso Stockholder, to his or her attention at such Non-Kelso
Stockholder’s address set forth on the signature pages hereto or joinder to this Agreement.

     (iii) If to the Kelso Stockholders, to them at:

	 	 	 	Kelso & Company

320 Park Avenue, 24th Floor

New York, New York 10022

Attention: James J. Connors II, Esq.

Facsimile No.: 212-223-2379

Email: jconnors@kelso.com

All such notices, requests, demands, waivers and other communications shall be deemed to have been
received by (w) if by personal delivery, on the day delivered, (x) if by certified
or registered mail, on the fifth business day after the mailing thereof, (y) if by

18

 

next-day or overnight mail or delivery, on the day delivered, or (z) if by fax, on the day
delivered, provided that such delivery is confirmed.

          20. Headings. The headings to sections in this Agreement are for the convenience of
the parties only and shall not control or affect the meaning or construction of any provision
hereof.

          21. Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be deemed an original but all of which together shall constitute one and the same
instrument.

          22. Entire Agreement. This Agreement, the Registration Rights Agreement, the Stock
Subscription Agreements and, in the case of any affected Management Stockholder, any employment
agreement with the Company and any stock option agreement of the Company applicable to such
Management Stockholder, constitute the entire agreement and understanding of the parties hereto
with respect to the matters referred to herein. This Agreement and the agreements referred to in
the preceding sentence supersede all prior agreements and understandings among the parties with
respect to such matters. There are no representations, warranties, promises, inducements,
covenants or undertakings relating to the shares of Common Stock, other than those expressly set
forth or referred to herein, in the Registration Rights Agreement, the Stock Subscription
Agreements or, in the case of any affected Management Stockholder, any employment agreement with
the Company and any stock option agreement of the Company applicable to such Management
Stockholder.

          23. Injunctive Relief. The shares of Common Stock cannot readily be purchased or sold
in the open market, and for that reason, among others, the Company and the Stockholders will be
irreparably damaged in the event this Agreement is not specifically enforced. Each of the parties
therefore agrees that in the event of a breach of any provision of this Agreement, the aggrieved
party may elect to institute and prosecute proceedings in any court of competent jurisdiction to
enforce specific performance or to enjoin the continuing breach of this Agreement. Such remedies
shall, however, be cumulative and not exclusive, and shall be in addition to any other remedy which
the Company or any Stockholder may have. Each Stockholder hereby irrevocably submits to the
non-exclusive jurisdiction of the state and federal courts in New York for the purposes of any
suit, action or other proceeding arising out of or based upon this Agreement or the subject matter
hereof. Each Stockholder hereby consents to service of process made in accordance with Section 19.

          24. Defined Terms. As used in this Agreement, the following terms shall have the
meanings ascribed to them below:

19

 

          Affiliate: Person that directly, or indirectly controls, or is controlled by, or is
under common control with, the Person specified.

          Board: the board of directors of the Company.

          Cause: (i) with respect to any Management Stockholder who has an employment
agreement with the Company or any of its Subsidiaries that defines “Cause” has the meaning set
forth in such employment agreement and (ii) with respect to any other Management
Stockholder means (a) such Management Stockholder’s substantial and repeated failure to
perform substantially his duties as an employee of the Company or any of its Subsidiaries,
(b) such Management Stockholder’s personal dishonesty, fraud, or willful misconduct in the
management of the Company’s business, violation of the Company’s race or gender anti-harassment
policies, (c) any conviction of, or the entering of a plea of guilty or nolo contendere to,
a crime that constitutes a felony, or any willful or material violation by such Management
Stockholder of any federal, state or foreign securities laws, (d) any conviction of any
other criminal act or act of material dishonesty, fraud or misconduct by such Management
Stockholder, in each case, that is materially injurious to the property, operations, business or
reputation of the Company or any of its Subsidiaries, or (e) the willful and material
breach by such Management Stockholder of any written covenant or agreement with the Company or any
of its Subsidiaries or Affiliates not to disclose any confidential information or not to compete
with the Company or any of its Subsidiaries or Affiliates.

          Closing: the closing of the acquisition of LRI pursuant to the Merger Agreement.

          Common Stock: the common stock of the Company, par value $0.01 per share.

          Disability: (i) with respect to any Management Stockholder who has an
employment agreement with the Company or any of its Subsidiaries that defines “Disability” has the
meaning set forth in such employment agreement and (ii) with respect to any other
Management Stockholder means such Management Stockholder’s incapacity due to physical or mental
illness that (a) as determined by the Board in its reasonable discretion, shall have
prevented such Management Stockholder from performing his or her duties for the Company or any of
its Subsidiaries on a full-time basis for a period of 90 consecutive days or a total of 180 days
during any 12-month period or (b)(i) the Board determines is likely to prevent such
Management Stockholder from so performing for such period and (ii) 30 days has elapsed
since delivery to such Management Stockholder of written notice of the Board’s determination and
such Management Stockholder has not resumed such performance (in which case the date of termination
in the case of a termination for “Disability” shall be deemed to be the last day of such 30-day
period).

20

 

          Good Reason: (i) with respect to any Management Stockholder who has an
employment agreement with the Company or any of its Subsidiaries that defines “Good Reason”, Good
Reason as defined in such employment agreement and (ii) with respect to any other
Management Stockholder, means the receipt of a directive or notice (which is not rescinded within
the ten (10) business day period immediately following the Management Stockholder providing the
company with a written objection to such directive or notice, which objection shall be provided
within thirty (30) days following the date on which the Management Stockholder receives such
directive or notice or be deemed consented to) which (A) moves the Management Stockholder’s
primary work site outside a 25-mile radius from his or her then primary work site, (B)
materially diminishes the scope of the Management Stockholder’s duties or responsibilities or
(C) reduces the Management Stockholder’s base salary or arbitrarily and without reasonable
business justification reduces the Management Stockholder’s bonus opportunities or equity
compensation opportunities (when compared with the levels of opportunity then applicable to other
similarly situated employees of the Company).

          IPO: an underwritten initial public offering of Common Stock having an aggregate
offering value (measured by the Company’s proceeds before underwriters’ discounts and selling
commissions) of at least $50 million and after which an established trading market exists for the
Common Stock.

          New Issue: (i) any shares of equity securities, whether authorized now or
not; (ii) any rights, options or warrants to purchase equity securities; and (iii)
any securities that are, or may become, convertible into or exchangeable for Common Stock or other
equity securities; provided that, the term “New Issue” does not include: (A) any
securities offered to the public pursuant to a registration statement approved by the Board and
filed pursuant to the Securities Act (provided, that the Registration Rights Agreement shall not
have then been terminated); (B) any securities issued as acquisition consideration in
connection with the acquisition of another Person by the Company by merger, stock purchase,
purchase of substantially all the assets of such Person or otherwise or other reorganization
approved by the Board; (C) any securities issued in connection with any borrowings by the
Company or any of its Subsidiaries from recognized financial institutions that are not affiliated
with any Stockholder, which are approved by the Board, whether or not presently authorized,
including any type of loan or payment evidenced by any type of debt instrument; (D) any
securities issued in connection with any equipment leases in the ordinary course of business that
are approved by the Board; (E) any shares of Common Stock or other securities issued to
employees, consultants, officers or directors of the Company pursuant to any stock option plan,
stock purchase plan, stock bonus arrangement or other similar plan approved by the Board;
(F) any securities issued in connection with any stock split, reverse stock split, stock
dividend, merger, recapitalization or other similar event if an adjustment has been made to the
shares held by all Stockholders as a result of such event and (G) with the

21

 

consent of Logan’s then current chief executive officer, one or more sales of securities to
any Third Party Investor not exceeding $10 million in the aggregate.

          Person: an individual, corporation, partnership, limited liability company, joint
venture, association, trust or other entity or organization, including a government or political
subdivision or an agency or instrumentality thereof.

          Registration: the closing of a public offering pursuant to an effective registration
statement under the Securities Act of 1933, as amended.

          Registration Rights Agreement: the Registration Rights Agreement, dated as of the
date hereof, among the parties hereto.

          Stock Subscription Agreements: each of (i) the Subscription Agreements by and between
the Company and each of the Management Stockholders party hereto and (ii) the Subscription
Agreements of even date herewith by and between the Company and the Kelso Stockholders.

          Subsidiary: any corporation a majority of whose outstanding voting securities is
owned, directly or indirectly, by the Company.

          Third Party Investor: any Person other than an Affiliate of the Kelso Stockholders.

          Transfer: any direct or indirect sale, assignment, mortgage, transfer, pledge,
hypothecation or other disposal.

22

 

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

	 	 	 	 	 
	 	ROADHOUSE HOLDING INC.

 	 
	 	By:  	/s/
George T. Vogel	 
	 	 	Name:  	George Thomas Vogel	 
	 	 	Title:  	CEO	 
	 
	 	Kelso Stockholders:

KELSO INVESTMENT ASSOCIATES VIII, L.P.

By: Kelso GP VIII, L.P., its general partner

By: Kelso GP VIII, LLC, its general partner

 	 
	 	By:  	/s/
James J. Connors, II	 
	 	 	Name:  	James J Connors II, Esq. 	 
	 	 	Title:  	Managing Member 	 
	 
	 	KEP VI, LLC

 	 
	 	By:  	/s/
James J. Connors, II	 
	 	 	Name:  	James J Connors II, Esq. 	 
	 	 	Title:  	Managing Member 	 
	 

[Signature Page to Roadhouse Holding Inc. Stockholders’ Agreement]

 

 

Exhibit A

MANAGEMENT STOCKHOLDER JOINDER AGREEMENT

          Reference is hereby made to the Stockholders Agreement, dated as of November 19, 2010 (as the
same has been and may be amended, supplemented or modified from time to time, the “Stockholders
Agreement”), among Roadhouse Holding Inc., a Delaware corporation (the “Company”) and
each of the stockholders of the Company whose name appears on the signature pages thereto or who
became a party thereto.

          The undersigned signatory agrees, by execution hereof, to become a party to, to adhere to and
to be bound by the terms and provisions of the Stockholders Agreement as a Management Stockholder
(as defined in the Stockholders Agreement) party thereto and to have the rights and be subject to
the restrictions, conditions and obligations of a Management Stockholder set forth in the
Stockholders Agreement. This joinder agreement shall take effect and shall become a part of said
Stockholders Agreement as of the date first written above (or, if earlier, the effective date of
the relevant issuance or transfer of the shares of capital stock to the undersigned).

	 	 	 	 	 	 	 

	 

	 	 	 	[NAME OF NEW STOCKHOLDER]	 	 
	 

	 	By:	 	 	 	 
	 

	 	Name:
	 	 

	 	 
	 

	 	Title:
	 	 

	 	 
	 

	 	Address:
	 	 

	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	 

	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 

	 	Email:	 	 	 	 
	 

	 	 	 	 

	 	 

	 	 	 	 	 

	Acknowledged by:	 	 
	 
	 	 	 	 
	ROADHOUSE HOLDING INC.	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 

Name:
	 	 
	 

	 	Title:	 	 

 

 

Exhibit B

SPOUSAL ACKNOWLEDGEMENT

          The undersigned is fully aware of, understands and fully consents and agrees to the provisions
of the Stockholders Agreement of Roadhouse Holding Inc., dated as of November __, 2010, as the same
shall be amended from time to time (the “Agreement”), and its binding effect upon any
community property interests or similar marital property interests in the shares of Common Stock
the undersigned may now or hereafter own, and agrees that the termination of the undersigned’s
marital relationship with any Stockholder for any reason shall not have the effect of removing any
shares of Common Stock otherwise subject to this Agreement from the terms of this Agreement and
that the undersigned’s awareness, understanding, consent and agreement are evidenced by the
execution hereof.

	 	 	 	 	 

	 

	 	 

Name:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]