Document:

EX-10.9

 Exhibit 10.9 

DAVE & BUSTER’S ENTERTAINMENT, INC. 

2010 MANAGEMENT INCENTIVE PLAN 

AMENDED AND RESTATED 

NONQUALIFIED STOCK OPTION AGREEMENT 

THIS AMENDED AND RESTATED NONQUALIFIED STOCK OPTION AGREEMENT (the “Agreement”), dated as of [—], 2014 (hereinafter referred to as the “Restatement Date”) is made by and between Dave & Buster’s Entertainment, Inc. (f/k/a Dave & Buster’s Parent, Inc.),
a Delaware corporation (the “Company”) and the individual set forth on Exhibit A hereto (“Optionee”). 

WHEREAS, the Company adopted the Dave & Buster’s Entertainment, Inc. 2010 Management Incentive Plan (the
“Plan”) pursuant to which among other things, stock options may be granted to purchase Common Stock of the Company; and 

WHEREAS, on the Grant Date (as set forth on Exhibit A hereto), the Company granted the Optionee a Nonqualified Stock Option to purchase
a number of shares of Common Stock pursuant to a Nonqualified Stock Option Agreement (the “Pre-IPO Agreement”); and 

WHEREAS, in connection with the Company’s underwritten initial public offering of Shares (the “Initial Public
Offering”), the Company shall issue and sell shares of Common Stock in the Initial Public Offering in an amount and at a price to be determined by the Board, and on such other terms and subject to such conditions as may be determined from
time to time by the Board (or a properly designated and duly authorized committee thereof) or any duly authorized officer or officers of the Company; and 

WHEREAS, the Company has effected a [—] for one stock split of its Common Stock (the
“Stock Split”); and 
 WHEREAS, in connection with the Initial Public Offering, the Committee and the Optionee desire to
amend the vesting terms under the Pre-IPO Agreement as set forth herein; and 
 WHEREAS, in connection with the Stock Split, to prevent
dilution or enlargement of the Optionee’s rights under the Plan, the Committee has determined to adjust the number of Option Shares and the Option Price as set forth herein; and 

WHEREAS, the Company and the Optionee desire to amend and restate the Pre-IPO Agreement as set forth herein. 

 NOW, THEREFORE, in consideration of the recitals and the mutual agreements herein contained, the
parties hereto agree as follows: 
  

	 	1.	Grant of Option. 

 (a) The Company hereby adjusts the options granted to the Optionee
(collectively, the “Options” and each an “Option”) so that, as of the Restatement Date, the Optionee may purchase the number of shares of Common Stock set forth on Exhibit A hereto (such shares, the
“Option Shares”) on the terms and conditions set forth in this Agreement and as otherwise provided in the Plan. The Options are not intended to be treated as “incentive stock options,” as such term is defined in
Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”). The IPO Vested Options (as set forth on Exhibit A hereto) shall be vested and exercisable in accordance with Section 2(c)(i) hereof,
and the Time Vesting Options (as set forth on Exhibit A hereto) shall vest and become exercisable in accordance with Section 2(c)(ii) hereof. 

(b) Incorporation by Reference, Etc. The provisions of the Plan are hereby incorporated herein by reference. Except as otherwise
expressly set forth herein, this Agreement shall be construed in accordance with the provisions of the Plan and any capitalized terms not otherwise defined in this Agreement shall have the meaning set forth in the Plan. 

 

	 	2.	Terms and Conditions. 

 (a) Purchase Price. The price at which the Optionee shall
be entitled to purchase an Option Share upon the exercise of an Option (the “Option Price”) shall be as set forth on Exhibit A hereto, representing the Fair Market Value of a share of Common Stock on the Grant Date and as
adjusted pursuant to Section 11 of the Plan. 
 (b) Expiration Date. The Options shall expire at 11:59 p.m. Eastern Time on the
tenth anniversary of the Grant Date (the “Expiration Date”). 
 (c) Exercisability of Option. 

(i) IPO Vested Options. The IPO Vested Options shall have become vested and exercisable as of the Restatement Date. 

(ii) Time Vesting Options. Except as provided in Section 2(d) and Section 2(f) hereof, subject
to the Optionee’s continued employment with the Company or one of its Subsidiaries, as applicable, on each applicable vesting date, and the Time Vesting Options shall vest and become exercisable in accordance with the schedule set forth on
Exhibit A hereto. 
 (d) Impact of a Change of Control on Options. If either (i) the Optionee remains employed by the
Company or one of its Subsidiaries, as applicable, through the date on which a Change of Control is consummated, or (ii) the Optionee’s employment with the Company or one of its Subsidiaries, as applicable, is terminated without Cause or
for Good Reason no more than one hundred and eighty (180) days prior to a Change of Control, then, immediately prior to such Change of Control, 100% of the Time Vesting Options shall become vested and exercisable. Any Options that have not
vested prior to a Change of Control and that do not vest in connection with a Change of Control will be forfeited by the Optionee upon a Change of Control for no consideration. 

  
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 (e) Method of Exercise. Vested Options may be exercised only by written notice, in the
form set forth on Exhibit B, and delivered by the Optionee in person or sent by mail in accordance with Section 3(a) hereof and, in either case, accompanied by payment therefore (including any applicable withholding amounts). The
Option Price shall be payable in cash (by certified check or wire transfer), or in the sole discretion of the Committee, (i) by delivery of shares of Common Stock previously acquired with a fair market value equal to the Option Price, subject
to any conditions as the Committee may establish, (ii) if there shall be a public market for the Common Stock, in the discretion of the Committee, by delivering to the Committee a copy of irrevocable instructions to a stockbroker to deliver
promptly to the Company an amount of loan proceeds, or proceeds of the sale of the Common Stock subject to the Option, sufficient to pay the Option Price or (iii) by such other method as the Committee may allow. Notwithstanding the foregoing,
in no event shall an Optionee be permitted to exercise an Option in the manner described in clause (i) or (ii) of the preceding sentence if the Committee determines that exercising the Option in such manner would violate any applicable law
or the applicable rules and regulations of the Securities and Exchange Commission or the applicable rules and regulations of any securities exchange or inter dealer quotation system on which the securities of the Company or any Affiliates are listed
or traded. 
 (f) Exercise Upon Termination of Employment. Subject to Section 2(d) hereof, in the event that the Optionee
ceases to be employed by the Company or any of its Subsidiaries (the date of such cessation, the “Termination Date”), the Options held by the Optionee (to the extent then outstanding) shall terminate as follows: 

(i) Termination Without Cause or For Good Reason. If (x) the Company or one of its Subsidiaries, as applicable,
terminates the Optionee’s employment without Cause or (y) if the Optionee is a party to an employment agreement with the Company permitting the Optionee to resign his employment for Good Reason and the Optionee resigns his employment for
Good Reason, the vested Options shall remain exercisable until the earlier of twelve (12) months following the Termination Date and the Expiration Date and shall thereafter terminate. Subject to Section 2(d), the remaining Options,
to the extent not vested and exercisable, shall terminate and expire on the Termination Date without further consideration to the Optionee. 

(ii) Termination Without Good Reason. If the Optionee resigns his employment other than for Good Reason, the vested
Options shall remain exercisable until the earlier of thirty-one (31) days following the Termination Date and the Expiration Date and shall thereafter terminate. The remaining Options, to the extent not vested and exercisable, shall terminate
and expire on the Termination Date without further consideration to the Optionee. 
 (iii) Termination Due to Death or
Disability. If the Optionee’s employment with the Company or one of its Subsidiaries, as applicable, is terminated by reason of his death or Disability, the vested Options shall remain exercisable until the earlier of twelve
(12) months following the Termination Date and the Expiration Date and shall thereafter terminate. The remaining Options, to the extent not vested and exercisable, shall terminate and expire on the Termination Date without further consideration
to the Optionee. 

  
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 (iv) All Other Terminations. If the Optionee’s employment is
terminated for a reason other than as described in Section 2(f)(i) through Section 2(f)(iii) hereof, then all Options, whether or not vested and exercisable at the time of the Optionee’s termination of employment, shall
terminate and expire on the Termination Date (or, if earlier, the Expiration Date) without further consideration to the Optionee. 
 (g) Any
Options not exercised within the time periods specified above shall be automatically forfeited for no consideration. 
 (h) [Intentionally
Omitted] 
 (i) [Intentionally Omitted]  

(j) Rights as Stockholder. The Optionee shall not be deemed for any purpose to be the owner of any of the Option Shares underlying the
Options unless, until and to the extent that (i) an Option shall have been exercised pursuant to its terms and (ii) the Company shall have issued and delivered to the Optionee the Option Share underlying such Option. 

(k) Withholding Taxes. Prior to the delivery of a certificate or certificates representing any Option Share, as a condition to the
exercise of any Option, the Optionee must pay to the Company in cash any amount that the Company determines it is required to withhold under applicable federal, state or local tax laws in respect of the exercise of such Option and the transfer of
such Option Share. Notwithstanding the foregoing, if permitted by the Committee, the Optionee may satisfy such withholding obligation by any other method described in Section 10(c) of the Plan or any combination of methods described in
Section 10(c) of the Plan; provided, however, that such other method does not violate the terms of any credit agreement to which the Company, or any of its Affiliates is a party or cause a default thereunder. 

 

	 	3.	Miscellaneous. 

 (a) Notices. All notices, demands or other communications
provided for or permitted hereunder shall be made in writing and shall be by registered or certified first class mail, return receipt requested, telecopier, courier service, overnight mail or personal delivery: 

(i) if to the Company: 

Dave & Buster’s Entertainment, Inc. 

2481 Mañana Drive 

Dallas, Texas 75220 
 Attention:
Corporate Secretary 
 Fax: (214) 357-1536 

(ii) if to the Participant, at the Participant’s last known address on file with the Company. 

(b) No Right to Continued Employment. Nothing in the Plan or in this Agreement shall confer upon the Optionee any right to continue in
the employ of the Company 

  
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or one of its Subsidiaries or shall interfere with or restrict in any way the right of the Company or any of its Subsidiaries, which is hereby expressly reserved, to remove, terminate or
discharge the Optionee at any time for any reason whatsoever. 
 (c) Bound by Plan. By signing this Agreement, the Optionee
acknowledges that he has received a copy of the Plan and has had an opportunity to review the Plan and agrees to be bound by all the terms and provisions of the Plan. 

(d) Successors. The terms of this Agreement shall be binding upon and inure to the benefit of the Company, its successors and assigns,
and of the Optionee and the beneficiaries, executors, administrators, heirs and successors of the Optionee. 
 (e) Invalid Provision.
The invalidity or unenforceability of any particular provision hereof shall not affect the other provisions hereof, and this Agreement shall be construed in all respects as if such invalid or unenforceable provision had been omitted. 

(f) Modifications. No change, modification or waiver of any provision of this Agreement shall be valid unless the same be in writing
and signed by the parties hereto unless such change, modification or waiver is necessary or appropriate to comply with applicable law, including the provisions of Section 409A of the Code and the regulations thereunder. 

(g) Entire Agreement. This Agreement and the Plan contain the entire agreement and understanding of the parties hereto with respect to
the subject matter contained herein and therein and supersede all prior communications, representations and negotiations in respect thereto. 

(h) Governing Law. This Agreement and the rights of the Optionee hereunder shall be construed and determined in accordance with the
laws of the State of Delaware, without regard to conflict of laws principles. 
 (i) Headings. The headings of the Sections hereof
are provided for convenience only and are not to serve as a basis for interpretation or construction, and shall not constitute a part, of this Agreement. 

(j) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. 
 [Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, this Agreement has been executed and delivered by the parties hereto on the
first set forth above. 
  

			
	DAVE & BUSTER’S ENTERTAINMENT, INC.
		
	By:	 	  

		 	Name:
		 	Title:

 
	
	
	  

	[Name of Employee]

 Exhibit A 

Name of Optionee: [—] 

Grant Date: [—]1 

Number of Option Shares: [—] Shares2 

Option Price: $[—] per Share3 

Number of IPO Vested Options: [—] Shares4 

Number of Time Vesting Options: [—] Shares5

 Exercisability of Time Vesting Options: 
 [1/4 of
the Time Vesting Options shall vest and become exercisable on each of the second, third, fourth and fifth anniversaries of the Grant Date]6 

[1/3 of the Time Vesting Options shall vest and become exercisable on each of the third, fourth and fifth anniversaries of the Grant Date]7 
 [1/2 of the Time Vesting Options shall vest and become exercisable on each of the fourth and fifth
anniversaries of the Grant Date]8 
 [All of the Time Vesting Options shall vest and become exercisable
on the fifth anniversary of the Grant Date]9 
  

	1 	Original option grant date. 

	2 	Number of shares subject to the original grant, reduced by any portion of the original grant that has been exercised or forfeited, with the number adjusted for the IPO (rounded down to the nearest share).

	3 	Exercise price of the original grant, adjusted for the IPO (rounded up to the nearest cent). 

	4 	Number of Option Shares that are vested as of the Restatement Date. 

	5 	Number of Option Shares that are unvested as of the Restatement Date. 

	6 	Vesting schedule for grants made to officers and key employees on 12/5/12 (assuming the Restatement Date occurs before 12/5/14), 5/3/13, 9/23/13 and 9/27/13. 

	7 	Vesting schedule for grants made on 3/8/12 and 4/16/12. 

	8 	Vesting schedule for grants made on 3/23/11 and 7/13/11. 

	9 	Vesting schedule for grants made on 6/1/10. In addition, the Time Vesting Options granted to Lacy and Jones shall vest on 6/1/15. All options granted to Directors on 12/5/12 are fully vested. 

 Exhibit B 

NOTICE OF OPTION EXERCISE 
 I hereby
notify Dave & Buster’s Entertainment, Inc. (the “Company”) that I elect to purchase                  shares of the Company’s common
stock at the option exercise price of $         per share pursuant to options granted to me under the Dave & Buster’s Entertainment, Inc. 2010 Management Incentive Plan. Concurrently with the
delivery of this Notice, I shall provide for payment in full as set forth below. 
  

					
	Name of Optionee:	  	  
	 	
			
	Social Security Number:	  	  
	 	
			
	Exact name to appear on stock certificate:	  	  
	 	
			
	Address to which stock certificate should be sent:	  	  
	 	
			
		  	  
	 	
			
	Date of exercise:	  	  
	 	

 Method of payment: 
  

	 	 ̈	Cash, check or wire transfer. 

  

	 	 ̈	Delivery of shares of common stock previously acquired. 

  

	 	 ̈	Other (with the approval of the Committee, as applicable):
                                        

 Tax Withholding. I elect to pay required payroll taxes and income tax withholding in connection with this option exercise by one of the
following methods: 
  

	 	 ̈	By certified check, which is enclosed. 

  

	 	 ̈	By another method specifically approved by the Committee which administers the Dave & Buster’s Entertainment, Inc. Management Incentive Plan. 

 

							
	  
	 		 	Date:	 	  

	[signature of person exercising the option]	 		 		 	
				
	  
	 		 		 	
	[name of person exercising the option]	 		 		 	

  
 The
following items must be attached to this notice: 
  

	1.	Your Option Agreement. 

  

	2.	Payment in full. 

  

	3.	Payment of any federal or state withholding taxes. 

  

	4.	If you are exercising the option upon the Optionee’s death, proof of the Optionee’s death and proof of your relationship to the Optionee. 

 

	5.	If you are exercising the option as the Optionee’s guardian, proof of your appointment.EX-10.10

 Exhibit 10.10 

Dave & Buster’s Entertainment, Inc. 

2014 Omnibus Incentive Plan 

NONQUALIFIED STOCK OPTION AWARD AGREEMENT 

THIS NONQUALIFIED STOCK OPTION AWARD AGREEMENT (this “Award Agreement”) is made effective as of [—] (the “Date of Grant”), between Dave & Buster’s Entertainment, Inc., a Delaware corporation (the “Company”) and
[—] (the “Participant”). 
 R E C I T
A L S: 
 WHEREAS, the Company has adopted the Dave & Buster’s Entertainment, Inc. 2014 Omnibus Incentive
Plan (the “Plan”); and 
 WHEREAS, the Committee has determined that it would be in the best interests of the Company and
its stockholders to grant the option provided for herein to the Participant pursuant to the Plan and the terms set forth herein. 
 NOW
THEREFORE, in consideration of the mutual covenants hereinafter set forth, the parties agree as follows: 
 1. Grant of the Option.
The Company hereby grants to the Participant the right and option (the “Option”) to purchase, on the terms and conditions hereinafter set forth, all or any part of an aggregate of
[—] Shares as of the Date of Grant. The Option is intended to be a Nonqualified Stock Option. 

2. Option Price. The purchase price of the Shares subject to the Option is $[—] per
Share (the “Option Price”). 
 3. Option Term. The term of the Option shall be ten (10) years, commencing on
the Date of Grant (the “Option Term”). The Option shall automatically terminate upon the expiration of the Option Term, or at such earlier time specified herein or in the Plan. 

4. Vesting of the Option. Subject to the Participant’s continued Service with the Company through the applicable vesting date,
Section 5 of this Award Agreement and the terms of the Plan, the Option shall vest in equal installments on [each of the first three (3) anniversaries of the Date of Grant, such that one-third (1/3) of the Option vests on each such
anniversary (each, a “Vesting Date”)]1; provided, however, that upon the occurrence of a Change of Control, subject to the Participant’s continued Service with the
Company through the occurrence of such Change of Control, any then- 
  

	1 	 Grants at IPO are to vest 50% on the third anniversary of the grant and 50% on the fourth anniversary of the grant.

 
unvested portion of the Option shall immediately become vested and exercisable. At any time, the portion of the Option which has become vested in accordance with the terms hereof shall be called
the “Vested Portion.” 
 5. Termination of Service. 

(a) Termination of Service for Cause. Upon a termination of the Participant’s Service by the Company for Cause the Option,
including the Vested Portion, shall immediately terminate and be forfeited without consideration. For purposes of this Award Agreement, “Cause” means (i) “Cause” as defined in any employment agreement between the
Participant and the Company or any of its Affiliates, or (ii) if there is no such employment agreement or if it does not define Cause: the willful and continued failure by the Participant to perform the duties assigned by the Company, failure
to follow reasonable business-related directions from the Company, gross insubordination, theft from the Company or its Affiliates, habitual absenteeism or tardiness, conviction or plea of guilty or nolo contendere to a felony, misdemeanor
involving fraud, theft or moral turpitude, or any other reckless or willful misconduct that is contrary to the best interests of the Company or materially and adversely affects the reputation of the Company. 

(b) Termination of Service due to death or Disability. Upon a termination of the Participant’s Service by reason of death or
Disability, any unvested portion of the Option shall immediately become vested and the Vested Portion shall remain exercisable until the earlier of (i) one (1) year following such termination of Service and (ii) the expiration of the
Option Term. For purposes of this Award Agreement, “Disability” means (i) “Disability” as defined in any employment agreement between the Participant and the Company or any of its Affiliates, or (ii) if there is
no such employment agreement or if it does not define Disability: the Participant is disabled to the extent that he or she is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment
which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or is receiving income replacement benefits for a period of not less than three (3) months under an accident
and health plan covering employees of Dave & Buster’s Management Corporation, Inc. The determination of the Participant’s disability shall be made in good faith by a physician reasonably acceptable to the Company. 

(c) Termination of Service due to Retirement. Upon a termination of the Participant’s Service by reason of Retirement, subject to
the terms of the Plan, any unvested portion of the Option shall continue to vest on each remaining Vesting Date and the Vested Portion shall remain exercisable until the expiration of the Option Term. For purposes of this Award Agreement,
“Retirement” means (i) “Retirement” as defined in any employment agreement between the Participant and the Company or any of its Affiliates, or (ii) if there is no such employment agreement or if it does not
define Retirement: termination of the Participant’s Service, other than for Cause, after attaining (A) age sixty (60) and completing ten (10) years of continued service (i.e., without any termination of Service) with the Company
or its Affiliates or (B) age sixty-five (65). 

  
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 (d) Other Terminations of Service. Upon a termination of the Participant’s Service
for any reason, other than pursuant to Sections 5(a), 5(b) and 5(c) above, any unvested portion of the Option shall immediately terminate and be forfeited without consideration and the Vested Portion shall remain
exercisable until the earlier of (i) ninety (90) days following such termination of Service and (ii) the expiration of the Option Term. 

6. Exercise Procedures. 

(a) Notice of Exercise. To the extent exercisable, the Participant or the Participant’s representative may exercise the Vested
Portion or any part thereof prior to the expiration of the Option Term by giving written notice to the Company in the form attached hereto as Exhibit A (the “Notice of Exercise”). The Notice of Exercise shall be signed by the
person exercising such Option. In the event that such Option is being exercised by the Participant’s representative, the Notice of Exercise shall be accompanied by proof (satisfactory to the Company) of such representative’s right to
exercise such Option. 
 (b) Method of Exercise. The Participant or the Participant’s representative shall deliver to the
Company, at the time the Notice of Exercise is given, payment (i) in cash or its equivalent (e.g., by cashier’s check), (ii) in Shares (whether or not previously owned by the Participant) having a Fair Market Value equal to the
aggregate Option Price for the Shares being purchased and satisfying such other requirements as may be imposed by the Committee, (iii) partly in cash and partly in Shares (as described in clause (ii) above), (iv) if there is a public
market for the Shares at such time, subject to such administrative requirements as may be imposed by the Committee, through the delivery of irrevocable instructions to a broker to sell Shares obtained upon the exercise of the Option and to deliver
promptly to the Company an amount out of the proceeds of such sale equal to the aggregate Option Price for the Shares being purchased or (v) to the extent permitted by the Committee, another form of payment permissible under
Section 6.5 of the Plan for the full amount of the aggregate Option Price for the exercised Option. 
 (c) Issuance of
Shares. Provided the Company receives a properly completed and executed Notice of Exercise and payment for the full amount of the aggregate Option Price, the Company shall promptly cause the Shares underlying the exercised Option to be issued in
the name of the Person exercising the applicable Option. 
 7. No Right to Continued Service. The granting of the Option evidenced
hereby and this Award Agreement shall impose no obligation on the Company or any Affiliate to continue the Service of the Participant and shall not lessen or affect any right that the Company or any Affiliate may have to terminate the service of
such Participant. 
 8. Securities Laws/Legend on Certificates. The issuance and delivery of Shares shall comply with all applicable
requirements of law, including (without 

  
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limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the regulations of any stock exchange or other
securities market on which the Company’s securities may then be traded. If the Company deems it necessary to ensure that the issuance of securities under the Plan is not required to be registered under any applicable securities laws, the
Participant shall deliver to the Company an agreement or certificate containing such representations, warranties and covenants as the Company which satisfies such requirements. The certificates representing the Shares shall be subject to such stop
transfer orders and other restrictions as the Committee may deem reasonably advisable, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

9. Transferability. Unless otherwise provided by the Committee, the Option may not be assigned, alienated, pledged, attached, sold or
otherwise transferred or encumbered by the Participant other than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and unenforceable
against the Company or any Affiliate; provided that, the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. No such permitted transfer of the Option to heirs or
legatees of the Participant shall be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer
and the acceptance by the transferee or transferees of the terms and conditions hereof. During the Participant’s lifetime, the Option is exercisable only by the Participant (or, if the Participant is disabled, the Participant’s
representative). 
 10. Withholding. The Participant may be required to pay to the Company or any Affiliate and the Company shall
have the right and is hereby authorized to withhold any applicable withholding taxes in respect of the Option, its exercise or transfer and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for
the payment of such withholding taxes. 
 11. Notices. Any notification required by the terms of this Award Agreement shall be given
in writing and shall be deemed effective upon personal delivery or within three (3) days of deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid. A notice shall be addressed to the
Company, Attention: General Counsel, at its principal executive office and to the Participant at the address that he or she most recently provided to the Company. 

12. Entire Agreement. This Award Agreement and the Plan constitute the entire contract between the parties hereto with regard to the
subject matter hereof and supersede any other agreements, representations or understandings (whether oral or written and whether express or implied) which relate to the subject matter hereof. 

  
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 13. Waiver. No waiver of any breach or condition of this Award Agreement shall be deemed
to be a waiver of any other or subsequent breach or condition whether of like or different nature. 
 14. Successors and Assigns. The
provisions of this Award Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns and upon the Participant, the Participant’s assigns and the legal representatives, heirs and legatees of the
Participant’s estate, whether or not any such person shall have become a party to this Award Agreement and have agreed in writing to be joined herein and be bound by the terms hereof. 

15. Governing Law; Jurisdiction; Waiver of Jury Trial. This Award Agreement and all claims, causes of action or proceedings (whether in
contract, in tort, at law or otherwise) that may be based upon, arise out of or relate to this Award Agreement shall be governed by the internal laws of the State of Delaware, excluding any conflicts or choice-of-law rule or principle that might
otherwise refer construction or interpretation of the Award Agreement to the substantive law of another jurisdiction. Each party to this Award Agreement agrees that it shall bring all claims, causes of action and proceedings (whether in contract, in
tort, at law or otherwise) that may be based upon, arise out of or be related to the Award Agreement exclusively in the Delaware Court of Chancery or, in the event (but only in the event) that such court does not have subject-matter jurisdiction
over such claim, cause of action or proceeding, exclusively in the United States District Court for the District of Delaware (the “Chosen Court”) and hereby (i) irrevocably submits to the exclusive jurisdiction of the Chosen
Court, (ii) waives any objection to laying venue in any such proceeding in the Chosen Court, (iii) waives any objection that the Chosen Court is an inconvenient forum or does not have jurisdiction over any party and (iv) agrees that
service of process upon such party in any such claim or cause of action shall be effective if notice is given in accordance with this Award Agreement. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES ALL RIGHT TO A TRIAL BY JURY IN ANY CLAIM OR
CAUSE OF ACTION (WHETHER IN CONTRACT, IN TORT, AT LAW OR OTHERWISE) INSTITUTED BY OR AGAINST SUCH PARTY IN RESPECT OF ITS, HIS OR HER OBLIGATIONS HEREUNDER. 

16. Option Subject to Plan. By entering into this Award Agreement the Participant agrees and acknowledges that the Participant has
received and read a copy of the Plan. The Option is subject to the Plan. The terms and provisions of the Plan as it may be amended from time to time are hereby incorporated herein by reference. In the event of a conflict between any term or
provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. 

17. No Guarantees Regarding Tax Treatment. The Participant shall be responsible for all taxes with respect to the Option. The Committee
and the Company make no guarantees regarding the tax treatment of the Option. 

  
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 18. Amendment. The Committee may amend or alter this Award Agreement and the Option
granted hereunder at any time, subject to the terms of the Plan. 
 19. Severability. The provisions of this Award Agreement are
severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

20. Signature in Counterparts. This Award Agreement may be signed in counterparts, each of which shall be an original, with the same
effect as if the signatures thereto and hereto were upon the same instrument. 
 *    *    * 

  
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 IN WITNESS WHEREOF, the parties hereto have entered into this Award Agreement. 

 

	
	DAVE & BUSTER’S ENTERTAINMENT, INC.
	
	  

	Name:
	Title:

  

	
	Acknowledged as of the date first written above:
	
	  

	PARTICIPANT

 Option Award Agreement – [—] 

 EXHIBIT A 

Notice of Exercise 
  

							
	Dave & Buster’s Entertainment, Inc.	  		  	
	2481 Mañana Drive	  		  	
	Dallas, Texas 75220	  		  	
	Attn: General Counsel	  	Date of Exercise:	  	

  
  

Ladies & Gentlemen: 
 1. Exercise of
Option. This constitutes notice to Dave & Buster’s Entertainment, Inc. (the “Company”) that pursuant to my Nonqualified Stock Option Award Agreement (the “Award Agreement”) under the Company’s
2014 Omnibus Incentive Plan (the “Plan”) I elect to purchase the number of Shares of Company common stock set forth below and for the price set forth below. By signing and delivering this notice to the Company, I hereby acknowledge
that I am the holder of the stock option (the “Option”) exercised by this notice and have full power and authority to exercise the same. 
  

			
	Date of Grant:	  	                                      
                      
		
	Number of Shares as to which the Option is exercised (“Optioned Shares”):	  	                                     
                       
		
	Shares to be issued in name of:	  	                                      
                      
		
	Total exercise price:	  	$                                      
                    
		
	Cash payment or other method of payment permitted under Section 6(b) of the Award Agreement delivered herewith:	  	$                                     
                     
		
	Method:	  	                                      
                      

 2. Form of Payment. The Option may be exercised (a) by delivery of cash or its equivalent (e.g.,
cashier’s check), (b) by delivery of Shares (whether or not such shares are Optioned Shares) having a Fair Market Value equal to the aggregate exercise price for the Optioned Shares being purchased and satisfying such other requirements as
may be imposed by the Committee (as defined in the Plan), (c) partly in cash and partly in Shares (as described in clause (b) above) or (d) subject to such administrative 

 
requirements as may be imposed by the Committee, through the delivery of irrevocable instructions to a broker to sell Optioned Shares obtained upon the exercise of the Option and to deliver
promptly to the Company an amount out of the proceeds of such sale equal to the aggregate exercise price for the Optioned Shares being purchased. Forms of payment other than as described in the immediately preceding sentence are limited by the Plan
and are permissible only to the extent approved by the Committee, in its sole discretion. 
 3. Delivery of Payment. With this
notice, I hereby deliver to the Company the full exercise price of the Optioned Shares and any and all withholding taxes due in connection with the exercise of my Option or have otherwise satisfied such requirements. 

4. Rights as Stockholder. While the Company will endeavor to process this notice in a timely manner, I acknowledge that until the
issuance of the shares underlying the Optioned Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a
stockholder shall exist with respect to such shares, notwithstanding the exercise of my option(s). No adjustment shall be made for a dividend or other right for which the record date is prior to the date of issuance of the optioned stock. 

5. Interpretation. Any dispute regarding the interpretation of this notice shall be submitted promptly by me or by the Company to the
Committee. The resolution of such a dispute by the Committee shall be final and binding on all parties. 
 6. Governing Law;
Severability. This notice is governed by the internal substantive laws but not the choice of law rules, of Delaware. In the event that any provision hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable
or void, this notice will continue in full force and effect without said provision. 
 7. Entire Agreement. The Plan and the Award
Agreement under which the Optioned Shares were granted are incorporated herein by reference, and together with this notice constitute the entire agreement of the parties with respect to the subject matter hereof. 

 

	
	Very truly yours,
	
	  

	
	  

	
	(social security number)

  
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