Document:

Executive Employment Agreement - Edie Ames

 Exhibit 10.23 
 EXECUTIVE EMPLOYMENT AGREEMENT 
 This Executive Employment Agreement (this
“Agreement”) is made as of the 7th day of February, 2011 (the “Effective Date”) between Edie Ames (“Executive”), an individual, and Center Cut Hospitality, Inc., a Delaware corporation (the
“Company”). Capitalized terms used herein shall have the meanings given to them in Section 5 below. 
 In
consideration of the mutual promises expressed herein, Executive and the Company have agreed as follows: 
  

	 	1.	EMPLOYMENT. 

 (a)
Effective Date and Term. This Agreement shall be effective as of the Effective Date and will continue indefinitely thereafter unless Executive’s employment terminates earlier in accordance with Section 3. 

(b) Duties. Executive shall be employed as chief operating officer or such other comparable position to which Executive and the
Company may agree. Executive agrees to devote Executive’s full time and best efforts to the performance of the duties attendant to Executive’s executive position with the Company. The duties of Executive’s position with the Company
shall be in accordance with industry standards and shall be set forth in a job description. Unless otherwise agreed to by Executive, Executive shall report directly to the chief executive officer. 

 

	 	2.	COMPENSATION AND BENEFITS. 

 (a) Annual Salary. Executive’s salary shall be $290,000 per year, less applicable taxes and withholdings, to be paid in accordance with the Company’s regular payroll practices for
similarly situated executives; provided, however, Executive’s salary shall be reviewed annually in the first quarter and may be increased by the Company’s Board of Directors (the “Board”) or its designee, in its sole
discretion. 
 (b) Annual Incentive Bonus. Executive shall be entitled to participate in all bonus compensation plans
that the Company may offer, in accordance with the terms of any such plans. The target for Executive’s annual bonus shall be at least fifty percent (50%) of Executive annual salary. Executive’s entitlement to an annual incentive bonus
under this subparagraph 2(b), and the amount of such bonus shall be determined by the Company in its good faith discretion; provided, however, if the terms of a written annual incentive bonus plan do not include provisions regarding the time of
payment for an annual incentive bonus, payment of any such bonus shall occur before March 15th of the calendar year following the calendar year to which the bonus relates. Executive’s annual bonus for 2010 shall not be pro-rated for a
partial year of employment with the Company. 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 1

 (c) Benefits. 

 

	 	(i)	Standard Employee Benefits. Executive shall be eligible for all employee benefits extended, from time to time, to all full-time employees of the Company, subject
to the terms and conditions of the Company’s policies and employee benefit plans, as those policies and plans are amended or terminated. The Company shall pay 100% of the medical insurance premium for the medical insurance coverage elected by
Executive under the Company’s ERISA medical plan. 

  

	 	(ii)	Executive Benefits. Executive shall also be entitled to participate in all benefit programs that are maintained by the Company and available to its executive
officers generally (including, but not limited to, any and all deferred compensation plans and the Transaction Bonus Agreement). Executive acknowledges that Executive shall have no vested rights under or in respect to Executive’s participation
in any such program except as expressly provided under the terms thereof. 

  

	 	(iii)	Business Expenses. Executive shall be authorized to incur reasonable expenses for promoting the business of the Company, including expenses for entertainment,
travel, and similar items. Company shall reimburse Executive for all such expenses upon the presentation by Executive, from time to time, of an itemized account of such expenditures. 

 

	 	(iv)	Vacations. Executive shall be entitled to the greater of (x) annual paid vacation commensurate with the Company’s established vacation policy for
executive officers or (y) four (4) weeks of annual paid vacation that shall otherwise be subject to the Company’s established vacation policy for executive officers. The timing of paid vacations shall be scheduled in a reasonable manner by
Executive. 

  

	 	(v)	Use of Automobile. During the term of employment, the Company shall provide, at the option of Executive, the use of an automobile for business and personal use
or an allowance not to exceed $1,000 per month. If the Company provides an automobile, the Company shall pay all reasonable expenses of operating, maintaining, and repairing such automobile and shall procure and maintain automobile liability
insurance in respect thereof, with such coverage insuring Executive for bodily injury and property damage. Any reimbursement payment due to Executive pursuant to this Section 2(c)(v) shall be paid to Executive on or before the last day of
Executive’s taxable year following the taxable year in which the related expense was incurred. Executive agrees to provide prompt notice to the Company of any such expenses (and any other documentation that the Company may reasonably require to
substantiate such expenses) in order to facilitate the Company’s timely reimbursement of the same. The reimbursements pursuant to this Section 2(c)(v) are not subject to liquidation or exchange for another benefit and the amount of such
reimbursements and benefits that Executive receives in one taxable year shall not affect the amount of such reimbursements or benefits that Executive receives in any other taxable year. 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 2

	 	(vi)	Life Insurance. The Company shall purchase a term life insurance policy on the life of Executive, which shall be owned by Executive, in the amount of $1,000,000.

  

	 	3.	TERMINATION AND SEVERANCE. 

 (a) Executive’s employment may be terminated in accordance with the following provisions: 
  

	 	(i)	Death. Executive’s employment shall terminate upon Executive’s death. 

 

	 	(ii)	 Disability. If Executive incurs a Disability, the Company may give the Executive written notice of its intention to terminate Executive’s
employment; provided that such written notice may only be given after the expiration of the time period required under the definition of Disability below. In that event, Executive’s employment with the Company shall terminate effective on the
later of (x) the fifteenth (l5th) day after receipt
of such notice by Executive or (y) the date specified in such notice, provided that within the fifteen (15) days after such receipt, Executive shall not have returned to full-time performance of Executive’s duties.

  

	 	(iii)	Termination by the Company without Cause. The Company may terminate Executive’s employment without Cause (as defined below) at any time upon written notice
to Executive. 

  

	 	(iv)	Termination by the Company for Cause. The Company may terminate Executive’s employment for Cause at any time upon written notice to Executive, and such
notice shall contain a statement noting the reason(s) for the Cause termination. To the extent required by Section 5(a), and if such failure(s) are curable, Executive shall be given an opportunity to cure the failure(s) noted in such written
notice as the reason(s) for the Cause termination. 

  

	 	(v)	Termination by Executive for Good Reason. Executive may terminate Executive’s employment for Good Reason (as defined below) upon thirty (30) days’
written notice to the Company; provided, however, that the Date of Termination (as defined below) due to Good Reason shall not automatically occur on the date set forth in Executive’s written notice to the Company, but will instead be
determined by the Company following the Company’s allowed “cure” period as described in Section 5(e) below. 

  

	 	(vi)	Voluntary Termination by Executive Not Involving Good Reason. Executive may terminate Executive’s employment voluntarily for any reason other than a Good
Reason upon sixty (60) days’ written notice to 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 3

 the Company (such 60-day period is herein referred to as the “Notice
Period”). During the Notice Period, Executive shall continue to be employed by the Company subject to Section 1(b); provided, however, that (x) the Company shall have the right to shorten or eliminate the Notice Period in its
good faith discretion and (y) if the Company shortens or eliminates the Notice Period, such action by the Company shall constitute neither (1) a termination of Executive’s employment by Executive pursuant to Section 3(a)(v) nor
(2) a termination of Executive’s employment by the Company pursuant to Section 3(a)(ii), Section 3(a)(iii), or Section 3(a)(iv). In the event that the Company shortens or eliminates the Notice Period, the Company shall pay
Executive’s salary for the entire Notice Period and shall also pay Executive the same bonuses and incentive payments that Executive would have been paid if Executive had remained employed through the end of Notice Period. 

(b) Severance Benefits. 
  

	 	(i)	Termination without Cause; Termination for Good Reason. If Executive’s employment terminates pursuant Section 3(a)(iii) or Section 3(a)(v),
the Company agrees to provide Executive, as severance benefits, the following: 

  

	 	(A)	Payment of Executive’s base monthly salary in effect at the time of Executive’s Date of Termination during the Severance Period (defined below); and

  

	 	(B)	Payment of Executive’s medical premiums during the Severance Period for the medical coverage that Executive had elected to receive under the Company’s ERISA
medical plan and that was in effect as of the Date of Termination, but only to the extent that Executive receives COBRA coverage during the Severance Period. 

“Severance Period” means the twelve (12) consecutive months immediately following the Date of
Termination; provided, however, if Executive’s employment is terminated pursuant to Section 3(a)(iii) or Section 3(a)(v) at any time within the one-hundred eighty (180) day period following a Change of Control, then
“Severance Period” means the eighteen (18) consecutive months immediately following the Date of Termination. Unless delayed pursuant to Section 3(c), monthly severance payments pursuant to Section 3(b)(i)(A) will be paid to
Executive in equal installments, beginning on the first pay date occurring after the 75th day following the Date of Termination. All of the severance benefits pursuant to this Subsection (b)(i) are conditioned upon the Executive entering into a separation agreement and general release of all
claims in favor of the Company and its affiliates (the “Release”), within the prescribed time period set forth therein, and Executive’s non-revocation of the Release during the revocation period prescribed therein. The Company
shall 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 4

 
provide Executive with the Release within fourteen (14) business days after the Date of Termination. Time is of the essence so that the prescribed time periods therein expire within the
seventy-five (75) day period following the Date of Termination. 
  

	 	(ii)	Termination due to Disability. If Executive’s employment with the Company terminates due to Disability, the Company shall pay Executive an amount equal to
fifty percent (50%) of Executive’s annual salary (in addition to any disability insurance benefits received pursuant to the Company’s employee benefit plans The amount paid pursuant to this Subsection (b)(ii) shall be paid
semi-monthly in twelve (12) equal installments. 

  

	 	(iii)	Termination for any other Reason. If Executive’s employment terminates pursuant to any provision of this Agreement other than pursuant to
Section 3(a)(ii), Section 3(a)(iii), Section 3(a)(v), or Section 3(a)(vi) of this Agreement, the Company has no obligation to pay Executive any severance or other termination benefits. 

(c) Timing; Form of Payments. All benefits provided to Executive pursuant to Section 3(b)(i) and (ii) (the
“Severance Benefits”) will be made in accordance with the regular payroll practices of the Company and will be subject to applicable federal and state income tax and employment tax withholdings and deductions and any other
applicable withholdings and deductions. Notwithstanding anything else herein, to the extent any of the Severance Benefits are treated as nonqualified deferred compensation subject to Section 409A of the Internal Revenue Code of 1986 as amended
(the “Code”), then (1) no such payment shall be made to Executive unless Executive’s termination of employment constitutes a “separation from service” with the Company (as such term is defined in Treasury
Regulation Section 1.409A-1(h) and any successor provision thereto), and (ii) if Executive is determined by the Company to be a “specified employee” for purposes of Code § 409A(a)(2)(B)(i) and the Company determines that
delayed commencement of any portion of the Severance Benefits is required in order to avoid a prohibited distribution under Code § 409A(a)(2)(B)(i), commencement of such portion of the Severance Benefits will be delayed for six (6) months
following Executive’s “separation from service” pursuant to Code § 409A. Delayed Severance Benefits (if any) shall be payable in a lump sum on the first business day following the expiration of such six (6) month period, and
any remaining Severance Benefits due shall be paid as otherwise provided in Section 3(b). Notwithstanding the foregoing, to the maximum extent permitted by applicable law, payment of the Severance Benefits shall be made in reliance upon
Treasury Regulation § 1.409A-1(b)(9) (with respect to separation pay plans) or Treasury Regulation § 1.409A-1(b)(4). The Severance Benefits shall be treated as a right to a series of separate payments. The provisions of this Agreement are
intended to comply with the applicable requirements of Code § 409A and shall be limited, construed, and interpreted in accordance with such intent. 
 (d) Consequences of Violation of Promises. Executive acknowledges and agrees that the Company’s obligation to provide and Executive’s entitlement to receive the Severance Benefits shall
cease immediately upon any violation by Executive of Executive’s obligations under Section 4 of this Agreement. Executive further agrees to repay the Company, on a pro 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 5

 
rata basis, any Severance Benefits received during the period of time in which Executive was in violation of Executive’s obligations under Section 4 of this Agreement, as
determined by the Company in its good faith discretion. In the event the Company determines Executive has a repayment obligation pursuant to this Section 3(d), the Company will send notice to Executive identifying the reason(s) Executive’s
repayment obligation has been triggered. 
 (e) Later Determined Cause. Notwithstanding any other provision of this
Agreement, if Executive’s employment with the Company is terminated such that Executive is entitled to severance from the Company and the Company determines within no later than one-hundred eighty (180) days after the Date of Termination
that Cause existed on, prior to, or after the Date of Termination, then Executive shall not be entitled to any Severance Benefits from the Company, and any and all Severance Benefits and reimbursements from the Company to Executive shall cease.

 4. EXECUTIVE’S COVENANTS 

(a) Confidential Information and Trade Secrets. Executive acknowledges that the Company has trade, business, and financial secrets
and other confidential and proprietary information regarding the Company and its business, in whatever form, tangible or intangible (collectively, the “Confidential Information”), and that, during the term of this Agreement,
Executive will receive Confidential Information Executive acknowledges that the Confidential Information that Executive will receive during the term of this Agreement will be in addition to that which Executive has already received during
Executive’s employment with the Company. Executive further acknowledges and agrees that Executive’s use of Confidential Information in the conduct of business on behalf of a competitor of the Company would constitute unfair competition
with the Company and would adversely affect the business goodwill of the Company. Confidential Information includes, but is not limited to, sales materials, technical information, processes, compilations of information, records,
specifications, information, concerning customers and prospective customers, customer and prospective customer lists, and information regarding methods of doing business. As defined herein, Confidential Information shall not include information that
is: (i) obtained by Executive from a source other than the Company or its affiliates, which source is not under a duty of non-disclosure in regard to such information; or (ii) becomes generally available to the public other than through
disclosure by Executive in violation of the provisions of this Agreement. For purposes of clarity, the parties understand and agree that Confidential Information also does not include general know-how and/or general processes, systems, and
procedures (such as general sales processes and best practices) that Executive has gained or gains by virtue of his experience working for the Company and/or within the “white-tablecloth restaurant” and/or “fine dining
establishment” industries. 
 Executive is aware of those policies implemented by the Company to keep its Confidential
Information secret, including those policies limiting the disclosure of information on a need-to-know basis and requiring the keeping of information in secure areas. Executive acknowledges that the Confidential Information has been developed or
acquired by the Company through the expenditure of substantial time, effort, and money and provides the Company with an advantage over competitors who do not know or use such Confidential Information. 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 6

 During and following Executive’s employment by the Company, Executive shall hold in
confidence and not directly or indirectly disclose, use (for Executive’s commercial advantage or otherwise), copy, make lists of, or make available to others any Confidential Information except in Executive’s good faith performance of
Executive’s duties to the Company as an executive of the Company or to the extent authorized in writing by the Board or required by law or compelled by legal process. Executive agrees to use reasonable efforts to give the Company notice of any
and all attempts to compel disclosure of any Confidential Information, in such a manner so as to provide the Company with written notice at least five (5) days before disclosure or within three (3) business days after Executive is informed
that such disclosure is being or shall be compelled, whichever is earlier. Such written notice shall include a description of the information to be disclosed, the court, government agency, or other forum through which the disclosure is sought, and
the date by which the information is to be disclosed, and shall contain a copy of the subpoena, order, or other process used to compel disclosure. 
 Executive further agrees not to use any confidential Information for the benefit of any person or entity other than the Company, its subsidiaries and affiliates, and any Protected Company. 

Executive agrees that all Confidential Information and other files, documents, materials, records, notebooks, customer lists, business
proposals, contracts agreements, and other repositories containing information concerning the Company or the business of the Company, in whatever form, tangible or intangible (including all copies thereof), that Executive shall prepare, use, or be
provided with as a result of Executive’s employment with the Company, shall be and remain the sole property of the Company. Upon termination of Executive’s employment hereunder, Executive agrees that all Confidential Information and other
files, documents, materials, records, notebooks, customer lists, business proposals, contracts, agreements, and other repositories containing information concerning the Company or the business of the Company (including all copies thereof) in
Executive’s possession, custody, or control, whether prepared by Executive or others, shall remain with or be returned to the Company promptly (within 48 hours) after the Date of Termination. 

Notwithstanding anything herein to the contrary, Executive may disclose to Executive’s spouse and any personal tax or financial
advisor the United States Federal income tax treatment and tax structure of the transactions contemplated in this Agreement and all materials of any kind (including opinions and other tax analyses) that are provided to Executive relating to such tax
treatment and tax structure. For this purpose, “tax structure” is limited to facts relevant to the United States Federal income tax treatment of the transactions contemplated in this Agreement and does not include information relating to
the identity of the parties hereto. 
 (b) Non-Competition. Executive acknowledges and agrees that the nature of the
Confidential Information that the Company commits to provide to Executive during Executive’s employment by the Company would make it unlikely that Executive would be able to perform in a similar capacity for a Competing Business (as defined
below) without disclosing or utilizing the Confidential Information. Executive further acknowledges and agrees that the Company’s business is conducted in a highly competitive market. Accordingly. Executive agrees that during the
Non-Competition Period (as defined below), Executive will not (other than for the benefit of the Company, its subsidiaries and affiliates, and any Protected Company pursuant to this 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 7

 Agreement) directly or indirectly, individually or as an officer, director, employee, shareholder,
consultant, contractor, partner, joint venturer, agent, equity owner, or in any capacity whatsoever, (i) regardless of the reason for termination, work for, engage in, or operate any restaurant business or restaurant operating or management
company that (x) features the sale of steak where the sale of steak exceeds thirty percent (30%) of the restaurant’s revenues from food sales and (y) which is, or owns or operates restaurants, located within thirty
(30) miles of any Del Frisco’s Double Eagle Steak House restaurant, any Del Frisco’s Grill restaurant, or any Sullivan’s Steakhouse restaurant (a “Competing Business”),or (ii)(x) hire, attempt to hire, contact
with respect to hiring, or solicit with respect to hiring any employee of any Protected Company; (y) solicit, divert, or take away any customers or customer leads of any Protected Company with whom Executive had, whether directly or indirectly,
contact or business relations during the period of time that Executive was employed by the Company or its predecessors-in- interest or its affiliates (herein, the “Employment Period”) or about whom Executive possesses Confidential
Information; or (z) solicit, encourage or influence any suppliers or vendors of any Protected Company to cease doing business with any Protected Company or change the terms and conditions upon which they conduct their business with any
Protected Company where Executive had, whether directly or indirectly, contact during the Employment Period or business relations during the Employment Period with such vendors or suppliers, or about whom Executive possesses Confidential
Information. 
 For purposes of this Section “Non-Competition Term” means the Employment Period and,
(a) if Severance Benefits are not owed under Section 3(b)(i), a period of eighteen (18) consecutive months immediately following the Date of Termination and, (b) if Severance Benefits are owed under Section 3(b)(i),
the 12-month or 18-month period that is the Executive’s Severance Period. 
 If any court determines that any portion of
this Section 4(b) is invalid or unenforceable, the remainder of this Section 4(b) shall not thereby be affected and shall be given full effect without regard to the invalid provisions. If any court construes any of the provisions of this
Section 4(b), or any part thereof, to be unreasonable because of the duration or scope of such provision, such court shall have the power to reduce the duration or scope of such provision and to enforce such provision as so reduced. 

(c) Irreparable Harm. Executive acknowledges that Executive’s violation of the provisions of Section 4(a) or
Section 4(b) of this Agreement will cause irreparable harm to the Company, and Executive agrees that the Company shall be entitled as a matter of right to an injunction restraining any violation or further violation of such provisions by
Executive or others acting on Executive’s behalf, without any showing of irreparable harm and without any showing that the Company does not have an adequate remedy at law. Executive further covenants and warrants that Executive will not dispute
in any proceeding that any given violation or further violation of the covenants contained in Section 4(a) or Section 4(b): (i) will result in irreparable harm to the Company; or (ii) could not be remedied adequately at law. The
Company’s right to injunctive relief shall be cumulative and in addition to any other remedies provided by law or equity. 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 8

 (d) Reasonableness of Restrictions. Executive understands and acknowledges that the
Company has made substantial investments to develop its Confidential Information, goodwill, and other legitimate business interests. Executive agrees that such investments are worthy of protection, and that the Company’s need for the protection
afforded by Section 4(b) is greater than any hardship Executive might experience by complying with its terms. Executive agrees that the limitations as to time, geographic area, and scope of activity to be restrained contained in this Agreement
are reasonable and are not greater than necessary to protect the Confidential Information, goodwill, and other legitimate interests of the Company. Executive specifically agrees that, given the senior executive nature of Executive’s position
and national operations of the Company, any restriction other than on the basis specified in Section 4(b) would be inadequate to protect the company’s Confidential Information. Executive further agrees that the restrictions contained in
Section 4(b) allow Executive an adequate number and variety of employment alternatives, based on Executive’s varied skills and abilities. Accordingly, Executive covenants and warrants that Executive will not dispute in any proceeding that:
(i) the restraints contained in Section 4(b) are reasonable and not greater than necessary to protect proprietary information and/or the goodwill or other business interests of the Company; or (ii) the scope of the restraints
contained in Section 4(b) should be reformed so as to make them enforceable, if it is judicially determined that they are unenforceable as drafted. 
 5. DEFINITIONS. 
 (a) Cause. “Cause” shall
mean any or all of the following. 
  

	 	(i)	Failure by Executive to substantially perform material duties hereunder or to devote Executive’s full time and effort to Executive’s position with the
Company, other than any failure resulting from death, illness or injury, or Disability, which, to the extent such failure is curable, Executive does not cure within a period of thirty (30) days after written notice of such failure is provided
to Executive by the Company; 

  

	 	(ii)	Failure by Executive to comply materially with the policies of the Company, which, to the extent such failure is curable, Executive does not cure within a period of
thirty (30) days after written notice of such failure is provided to Executive by the Company; 

  

	 	(iii)	Commission by Executive of any material illegal act or any act that is not in the ordinary course of Executive’s responsibilities that exposes the Company to a
significant level of undue liability; provided, however, a violation due to use by the Company of the Executive’s liquor license shall not constitute Cause; 

 

	 	(iv)	Executive’s conviction of or plea of guilty or nolo contendere to any felony; or 

 

	 	(v)	Any breach of Executive’s obligations under Section 4 of this Agreement. 

(b) Change of Control. “Change of Control” shall mean either (i) the closing of a Qualified Public Offering
(as defined in the Transaction Bonus Agreement) or (ii) the closing of a Sale (as defined in the Transaction Bonus Agreement). 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 9

 (c) Date of Termination. “Date of Termination” shall mean the date
on which the Executive’s termination of employment with the Company occurs; provided, however, to the extent that Executive is receiving compensation due to such termination of employment and such compensation is subject to Code § 409A,
“Date of Termination” shall mean the date of Executive’s “separation from service” (within the meaning of Treasury Regulation § 1.409A- 1(h)). 
 (d) Disability. “Disability” shall mean shall mean Executive’s inability to perform, with or without reasonable accommodation, the essential functions of Executive’s
position hereunder for a total of three (3) months during any six (6) month period as a result of incapacity due to mental or physical illness as determined by a physician selected by the Company or its insurers and acceptable to Executive
or Executive’s legal representative, such agreement as to acceptability not to be unreasonably withheld or delayed. 
 (e)
Good Reason. “Good Reason” shall mean that any of the following events occurs without Executive’s consent: 
  

	 	(i)	The Company requires Executive to be based from a location that is outside of a fifty (50) mile radius of the Company office where the Executive is based as of the
Effective Date; 

  

	 	(ii)	The Company materially decreases Executive’s annual salary (other than a general reduction in base salary that affects all salaried employees of the Company
proportionately, which reduction shall not be more than ten percent (10%) of Executive’s annual salary 

  

	 	(iii)	A material breach by the Company of this Agreement; or 

  

	 	(iv)	A material diminution caused by the Company in the title and/or duties, responsibilities, or authority of Executive. 

Provided, however, for all of the events described in clauses (i), (ii), (iii), and (iv) immediately above, Good Reason will not exist
(x) unless Executive has provided the Company with written notice of the circumstances that Executive believes constitute Good Reason within thirty (30) days after Executive knows, or through reasonable diligence, should know of such
events and circumstances and (y) the Company has failed to cure within thirty (30) days of such notice. Failure to present the circumstances that Executive believes constitutes Good Reason within thirty (30) days of the
Employee’s first knowledge of such circumstances waives any right by Executive to assert that Executive has Good Reason for termination and constitutes acceptance by Executive as new terms of Executive’s employment. Resignation by the
Executive following the Company’s cure of identified circumstances or before the expiration of the 30-day “cure” period referred to above shall constitute a voluntary termination under Section 3(a)(vi). In the event the Company
does not cure the identified circumstances on or before the expiration of the 30-days “cure” period referred to above, then Executive must terminate employment for Good Reason within fifteen (15) days of the end of such cure period,
or any later termination of employment by Executive will not constitute Good Reason based upon the same previously identified circumstances. Notwithstanding anything else herein, the Company and Executive may agree, in writing, to extend the 15-day
period during which the Executive must terminate employment for Good Reason. 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 10

 (f) Protected Company. “Protected Company” shall mean, individually,
each of Del Frisco’s Restaurant Group, LLC (together with its successors and assigns, “DFRG”) and all subsidiaries of DFRG (together with each successor and assign of such subsidiaries). 

(g) Transaction Bonus Agreement. “Transaction Bonus Agreement” shall mean that certain letter agreement between
Executive and LSF5 Wagon Holdings, LLC dated February 7, 2011, which provides Executive with the opportunity to earn additional compensation in connection with the sale or public offering of Del Frisco’s Restaurant Group, LLC and its
subsidiaries, successors, and assigns. 
 6. Arbitration; Waiver of Right to Jury Trial. 

(a) In the event any claim, demand, cause of action dispute, controversy, or other matter in question (in this Section 6, a
“Claim”) arises out of this Agreement (or its termination) or the Transaction Bonus Agreement, whether arising in contract, tort, or otherwise and whether provided by statute, equity, or common law, that the Company may have against
Executive or that Executive may have against the Company, or any of the Company’s subsidiaries or affiliates, or any of the foregoing entines respective officers, directors, employees, or agents in their capacity as such or otherwise, all such
Claims shall be submitted to binding arbitration. Any arbitration shall be conducted in accordance with the Federal Arbitration Act (“FAA”) and, to the extent an issue is not addressed by the FAA or the FAA does not apply, with the
then-current National Rules for the Resolution of Employment Disputes of the American Arbitration Association (“AAA”). The arbitrator shall apply the substantive law of Texas (excluding Texas choice-of-law principles that might call
for the application of some other state’s law) or federal law, or both as applicable to the Claims asserted. The arbitrator shall have exclusive authority to resolve any dispute relating to the interpretation, applicability, or enforceability
of this Section 6(a), including any Claim that all or part of this Agreement is void or voidable and any Claim that an issue is not subject to arbitration. The results of arbitration will be binding and conclusive on the parties hero to and
judgment upon the award resulting from arbitration may be entered in any court of competent jurisdiction. Venue for arbitration, and for any disputes relating to the enforceability of this Section 6(a) will be in Dallas County, Texas. All
proceedings conducted pursuant to this Section 6(a), including any order decision or award of the arbitrator, shall be kept confidential by all parties. Where permitted by law, the Company and Executive shall equally share the costs and
expenses of the arbitration that are actually incurred by the parties, excluding attorney’s fees and expenses and expert witness fees, which shall remain the sole responsibility of each party, respectively. 

(b) Notwithstanding any of the foregoing or any other provision of this Agreement, Executive and the Company may petition a court for an
injunction to maintain the status quo pending resolution of any Claim under Section 6(a), and Section 6(a) shall not require the arbitration of an application for emergency or temporary injunctive relief by either party pending
arbitration; provided, however, that the remainder of any such dispute beyond the application for emergency or temporary injunctive relief shall be subject to arbitration Under Section 6(a). 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 11

 (c) Executive and the Company agree that, in the event that the arbitration provision set
forth in Section 6(a) is unenforceable, that all Claims shall be decided by trial before the court and not by a jury trial. The venue for any such trial shall be Dallas County, Texas. 

(d) Executive acknowledges that by signing this Agreement, Executive is waiving any right that Executive may have to a jury trial in
connection with, or relating, a Claim. 
 7. MISCELLANEOUS. 

(a) Entire Agreement. This Agreement embodies the entire agreement between the parties with respect to the subject matter hereof
and supersedes all prior agreements and understandings, if any, between the parties regarding the subject matter hereof. 

(b) Modification, Severability, and Waiver. Both parties agree that neither has the authority to modify or amend this Agreement
unless the modification or amendment is in writing and signed by both of them. If any provision of this Agreement is declared or found to be illegal, unenforceable, or void, the remainder of this Agreement shall remain valid and enforceable to the
extent feasible. Any waiver of any term of this Agreement by the Company shall not operate as a waiver of any other term of this Agreement, nor shall any failure to enforce any provision of this Agreement operate as a waiver of the right of the
Company to enforce any other provision of this Agreement. 
 (c) Notice to the Company. Notice to the Company shall have
occurred and be effective when a written notice is delivered via certified mail to then-current address of the Company’s principal office and to the attention of the Chief Executive Officer of the Company. 

(d) Withholding. The Company may withhold from any amounts payable under this Agreement such Federal, state or local taxes
as shall be required to be withheld pursuant to any applicable law or regulation. 
 (e) Survival and Construction.
Executive’s obligations under this Agreement will be binding upon Executive’s heirs, executors, assigns, and administrators and will inure to the benefit of the Company, its subsidiaries, successors, and assigns. The Company’s
obligations under this Agreement will be binding upon the Company’s successors assigns and will inure to the benefit of the Executive and Executive’s heirs, executors, and administrators. The language of this Agreement shall in all cases
be construed as a whole according to its fair meaning, and not strictly for or against any of the parties. The paragraph headings used in this Agreement are intended solely for convenience of reference and shall not in any manner amplify, limit,
modify, or otherwise be used in the interpretation of any of the provisions hereof. Executive may not assign, pledge, grant a security interest in, hypothecate, or otherwise transfer any of its rights, duties, or obligations hereunder. 

(f) [intentionally reserved]. 
 (g) No Miligation. Executive shall not be required to mitigate damages or the amount of any payment provided for under this Agreement by seeking other employment or otherwise, nor shall the amount
of any payment provided for under this Agreement be reduced by any compensation earned by Executive as the result of employment by another employer after Executive’s Date of Termination. 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 12

 (h) Other Contractual Rights. Except as otherwise provided in Subsection (f), the
provisions of this Agreement, and any payment provided for hereunder, shall not reduce any amount otherwise payable, or in any way diminish Executive’s existing rights, or right which would accrue solely as a result of passage of time under any
employee benefit plan or other contract, plan, or arrangement of which Executive is a beneficiary or in which Executive participates. 
 (i) Indemnification. The Company covenants and agrees to indemnify, defend and hold Executive harmless from any and all losses, claims, costs, liabilities, penalties, fines, damages, and expenses
(including legal fees) suffered or incurred by Executive, either directly or indirectly, as a result of any asserted or alleged claim made against Executive by a third party in connection with Executive’s employment with Company, excepting only
such claims arising solely out of Executive’s willful misconduct. 
 [signature page follows] 

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 13

 IN WITNESS WHEREOF, Executive and the Company
have executed this Agreement as of the Effective Date. 
  

									
	CENTER CUT HOSPITALITY, INC.	 		 		 	EXECUTIVE:
					
	By:  	 	/s/    Marc L. Lipshy	 		 		 	/s/    Edie Ames
		 	Printed Name: Marc L. Lipshy	 		 		 	Printed Name: Edie Ames
		 	Title: President	 		 		 	

  

			
	EMPLOYMENT AGREEMENT	 	PAGE 14Letter Agreement - Edie Ames

 Exhibit 10.24 
 LSF5 WAGON HOLDINGS, LLC 
 2711 N. Haskell Avenue, Suite 1700 

Dallas, Texas 75204 
 February 7, 2011 
 Ms. Edie Ames 
 1206 Club House Court 
 Southlake, Texas 76092 

Dear Edie: 
 As a highly valued senior
executive of Center Cut Hospitality, Inc., a Delaware corporation (together with its successors and assigns, “CCH”), you (also referred to herein as “Employee”) are being given the opportunity to earn bonus
compensation tied to a successful Sale (as defined below) or Qualified Public Offering (as defined below). This letter agreement (this “Letter”) sets forth the terms of this opportunity, which have been designed so that you will not
be required to make any future financial investment in Wagon, DFRG, CCH, or the Company (including any Public Company) (collectively, the “Company Group”) or incur an immediate tax obligation in connection with the award of this
opportunity. This opportunity is designed to align your interests with the interests of the Company’s investors, and, except as specifically provided below in this Letter, is provided in addition to, and not in lieu of, any existing equity,
bonus, or other compensation plan arrangement you currently have or in which you currently participate with the Company. Definitions of certain capitalized terms used herein are set forth at the end of this Letter. 

Subject to the terms and conditions set forth below, following consummation of a Sale, a Qualified Public Offering or a Secondary Public Offering (each
as defined below and each, a “Transaction”), and provided that, in each case, the Employee is actively employed with CCH on the date such Transaction is consummated (the “Transaction Date”), then the Employee shall
be eligible to earn a bonus (a “Transaction Bonus”) in an amount determined as set forth below and based on the Employee’s Transaction Bonus Amount with respect to such Transaction, as calculated in accordance with the
methodology set forth on Schedule A hereto (the amount so calculated in accordance with Schedule A with respect to any Transaction, the “Employee’s Transaction Bonus Amount”). 

For purposes hereof, if Employee’s employment with CCH is terminated within the 180-day period ending with any Transaction Date (i) solely due
to Employee’s Disability, (ii) by CCH without Cause, or (iii) by Employee for Good Reason, Employee shall be considered actively employed with CCH on such Transaction Date. 
 A. In the event of a Transaction that is a Sale, one-hundred per cent (100%) of the Employee’s Transaction Bonus Amount shall be payable to the Employee no later than seventy-five (75) days
after the applicable Transaction Date, subject to the following: 
  

	 	(a)	The Employee must comply with all requirements as to the execution and delivery of the Release (defined below) and award termination instruments provided for below;

 Ms. Edie Ames 
  Page
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	 	(b)	 If the seventy-fifth
(75th) day following the Transaction Date is in a
different calendar year than the first (1st) day
following the Transaction Date, such payment shall be made in the calendar year in which the 75th day falls (but no later than such 75th day); and 

  

	 	(c)	The Transaction Bonus shall not be paid if the Employee’s employment with CCH (which term shall include, for purposes of this subparagraph, any successor or
acquirer of the Company’s business) is terminated by CCH for Cause or by the Employee without Good Reason prior to payment of the Transaction Bonus. 

 Any portion of a Transaction Bonus otherwise payable pursuant to this Paragraph A that is attributable to consideration which is deferred or contingent shall not be paid until the applicable seller(s)
receive such deferred or contingent portion of the consideration and to the extent that a portion of the consideration paid to the applicable seller(s) is in a form other than cash, Wagon shall have the right to pay a corresponding portion of the
Transaction Bonus to the Employee in the same form of consideration. 
 B. In the event of a Transaction that is a Qualified
Public Offering, an amount equal to the product of the Applicable Qualified Offering Percentage (as defined below) multiplied by the Employee’s Transaction Bonus Amount with respect to such Qualified Public Offering shall be payable to the
Employee in cash no later than seventy-five (75) days after the applicable Transaction Date; provided, however, if the seventy-fifth (75th) day following the Transaction Date is in a different calendar year than the first (1st) day following the Transaction Date, such payment shall be made in
the calendar year in which the 75th day falls (but no
later than such 75th day). In addition, if (x) the
Employee is entitled to a Transaction Bonus with respect to such Qualified Public Offering and (y)Wagon’s direct or indirect ownership percentage in the common equity of the Public Company is not reduced to zero as a result of such Qualified
Public Offering, then following each subsequent Secondary Public Offering (until Wagon’s direct or indirect ownership percentage in the common equity of the public Company is reduced to zero), and provided that (i) except as specifically
provided herein, the Employee is actively employed with CCH (which term shall include, for all purposes of this Paragraph B, any successor or acquirer of the Company’s business) on the date such Secondary Public Offering is consummated (also a
“Transaction Date”), (ii) the Employee has not breached or violated any provision of the Employment Agreement or any other obligation to the Company, (iii) the Employee complies with all requirements as to the execution
and delivery of the Release and award termination instruments provided for below, and (iv) the Employee was entitled to a Transaction Bonus with respect to all previous Secondary Public Offerings (if any), then the Employee shall be entitled to
receive an additional bonus (also a “Transaction Bonus”) in an amount equal to the product of the Employee’s Transaction Bonus Amount with respect to such Secondary Public Offering, multiplied by the Applicable Secondary
Offering Percentage (as defined below) with respect to such Secondary Public Offering. Any Transaction Bonus payable with respect to a Secondary Public Offering shall be paid in cash no later than seventy-five (75) days after the Transaction
Date for such Secondary Public Offering; provided, however, if the seventy-fifth (75th) day following such Transaction Date is in a different calendar year than the first (1st) day following such Transaction Date, such payment shall be
made in the calendar year in which the 75th day falls (but no later than 75th day). 
 Notwithstanding anything to the contrary contained in
this Letter, if (i) Employee is eligible hereunder for a Transaction Bonus in connection with a Qualified Public Offering, (ii) Employee remains actively employed with CCH at all times through the date that is 21 months after the
Transaction Date of such Qualified Public Offering, and (iii) Employee has not breached or violated any provision of the 

 Ms. Edie Ames 
  Page
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Employment Agreement or any other obligation to the Company during such 21-month period, then Employee shall not forfeit his or her eligibility to receive a Transaction Bonus with respect to any
Secondary Public Offering that is consummated after such 21-month period solely because Employee is not actively employed with CCH on the Transaction Date of such Secondary Public Offerin;, provided, however, that this sentence shall not be
applicable, and no Transaction Bonus shall be payable, from and after the date (if ever) that Employee is terminated for Cause or voluntarily resigns under circumstances where Cause exists. 
 Notwithstanding anything to the contrary contained in this Letter, if at any time the percentage of the aggregate common equity of the Public Company held directly or indirectly by Wagon is greater than
zero but not greater than 50% (determined on an as converted, fully diluted basis), Wagon shall have the right, but not the obligation, by written notice to Employee, to pay to Employee a bonus equal to the product of (i) the percentage of the
aggregate common equity of the Public Company held directly or indirectly by Wagon at the time of such notice (determined on an as converted, fully diluted basis) multiplied by (ii) the amount that would be the Employee’s Transaction Bonus
Amount (calculated in accordance with Schedule A hereto) if at the time of such notice the Public Company consummated a Secondary Public Offering at a per share issuance price equal to 105% of the Fair Market Value (as defined below) of one
share of the Public Company’s common equity securities as of such date. Any such bonus shall be payable, at Wagon’s election, in any combination of cash and/or the Public Company’s common stock (“Stock”) (valued as of
the date of grant and with registration rights as set forth above) no later than 75 days after the date of such notice. Following the exercise of this right, no additional Transaction Bonus will be payable under this letter with respect to any
subsequent Transaction. 
 C. Notwithstanding anything to the contrary contained in this Letter: 

 

	 	(a)	Any portion of a Transaction Bonus otherwise payable that is attributable to that part of Aggregate Value which is deferred or contingent shall not be paid until the
Company Group and/or the equity owners of any member(s) of the Company Group receive such deferred or contingent portion of Aggregate Value and to the extent that a portion of Aggregate Value is paid to the Company or its equity owners in
non-marketable securities, Wagon shall have the right to pay, or to cause the payment of, a corresponding portion of the Transaction Bonus to the Employee in the same form of consideration, unless otherwise agreed to by the parties;

  

	 	(b)	Except as specifically set forth above with respect to Disability, if Employee’s employment with CCH terminates upon the Employee’s death or Disability, then,
thereafter, Employee (or his or her heirs and estate) shall not become entitled to any further payments hereunder (but Employee (and Employee’s heirs and estate) shall remain entitled to any payments hereunder to which Employee is otherwise
entitled as of the date of such termination); 

  

	 	(C)	The Employee shall not be eligible to earn or receive, and shall have no right, entitlement or earned or vested interest in or to any Transaction Bonus (i) until
the consummation of a Sale or Qualified Public Offering or Secondary Public Offering or (ii) except as specifically set forth above, based on any Transaction that is consummated after the termination of the Employee’s employment with CCH
for any reason; and 

 Ms. Edie Ames 
  Page
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	 	(d)	The Employee shall not be eligible to earn or receive a Transaction Bonus, and the Employee shall forfeit all right in and to any Transaction Bonus, if Employee’s
employment with CCH shall terminate for any reason prior to a Transaction (except as specifteally) set forth above). 

  

	 	(e)	Payment of the Transaction Bonus to which the Employee is otherwise entitled shall be contingent upon, and shall be earned and payable to the Employee if, and only if:
(i) a Transaction is consummated; and (ii) no later than sixty (60) days after the Transaction Date the Employee executes and delivers to Wagon a separation and release agreement (or, in the event the Employee’s employment with
CCH does not terminate upon consummation of the Transaction, a release agreement) in favor of each member of the Company Group, their respective direct and indirect equity owners (including Wagon, DFRG and their direct and indirect equity owners),
and their respective affiliates in form and substance reasonably satisfactory to Wagon (the “Release”), provided that the Release shall not release any obligations to make any payments to, or to cause payments to be made to, the
Employee required under this Letter, and such Release remains in effect following the expiration of any applicable notice, review and/or revocation periods. Wagon shall be required to deliver to the Employee its required form of Release within
fourteen (14) days after the Transaction Date. 

 D. For the avoidance of doubt, the Employee’s rights, if any with
respect to a Transaction Bonus in the event of a Qualified Public Offering shall apply only with respect to the first Qualified Public Offering consummated after the date of this Letter and, but only to the extent specifically provided for herein,
each subsequent Secondary Public Offering, and no Transaction Bonus shall be paid or payable with respect to any subsequent sale or Qualified Public Offering (other than the portion of any subsequent public offering that constitutes a Secondary
Public Offering). In addition, if prior to a Qualified Public Offering there is a Sale, then no Transaction Bonus shall be paid or payable with respect to any subsequent sale of any other assets of the Company or Qualified Public Offering.

 E. The Employee shall not have any transferable right or interest in the Transaction Bonus or other compensation or amounts payable pursuant
to this Letter, nor any right to anticipate, alienate, assign, dispose of, pledge or encumber the same, nor shall the same be subject to attachment, garnishment, execution following judgment or other legal process instituted creditors of the
Empoloyee, and any action in violation of this provision shall be void. No member of the Company Group shall be required to segregate any funds or other assets to be used for the payment of the Transaction Bonus or any other payment under this
Letter, and no record or other notation on any member of the Company Group’s books of the obligations created by this Letter with respect to the Transaction Bonus or any other payment shall be considered as evidence of the creation of a trust
fund, an escrow or any other segregation of assets for the benefit of the Employee. Any obligation to pay the Transaction Bonus or any other compensation or amounts are unsecured contractual obligations only, and the Employee shall not have any
beneficial or preferred interest by way of trust, escrow, lien or otherwise in and to any specific assets or funds of any member of the Company Group.The Employee specifically acknowledges and agrees that (i) any rights Employee may have to the
Transaction Bonus or any other Payment pursuant to the terms of this Letter (except for Stock issued under Paragraph B above) are not securities of any person or entity and do not create any right in the equity or capital of any member of the
Company Group ,and (ii) receipt of the Transaction Bonus, if any, or other compensation or amounts payable pursuant to this Letter, may constitute ordinary income for federal and state income tax purposes and shall be subject to all applicable
payroll, income tax and other withholding obligation. No Member of the Company Group other than Wagon and DFRG shall be liable for, and the Employee shall 

 Ms. Edie Ames 
  Page
 5
 
  
 look solely to the
general credit of Wagon and DFRG for satisfaction of, any obligations due or to become due under this Letter with respect to a Transaction Bonus, or any other payment, resulting from a Sale. No Member of the Company Group other then Wagon shall be
liable for, and the Employee shall look solely to the general credit of Wagon for satisfaction of, any obligations due or to become due under this Letter with respect to a Transaction Bonus, or any other payment, resulting from a Qualified Public
Offering or Secondary Public Offering. If any member of the Company Group should, in its sole discretion , earmark or set aside any funds or other assets to pay amounts hereunder, the same shall, nevertheless, remain and be regarded as part of the
general assets of such member, as applicable, subject to the claims of its general creditors (and shall not be considered to be held in a fiduciary capacity for the benefit of the Employee), and the Employee shall not have any legal, beneficial,
security or other property interest herein. Nothing herein shall be deemed as a waiver of any rights of the Employee or Employee’s heirs or estate in the event of Employee’s death. 
 F. [Intentionally omitted.] 
 G. All payments and benefits under this Letter are intended to
comply with Section 409A of the Internal Revenue Code of 1986, as amended, and the United States Treasury Regulations and Internal Revenue Service guidance published thereunder or with respect thereto (collectively “Section
409A”) and, accordingly, to the maximum extent permitted, this Letter shall be interpreted to be in compliance therewith. Notwithstanding such intent or anything to the contrary contained in this Letter, in no event whatsoever shall any
member of the Company Group be liable for any additional tax, interest or penalty that may be imposed on Employee by Section 409A or damages for failing to comply with Section 409A. 
 H. All determinations under this Letter of the Employee’s Transaction Bonus Amount, Transaction Bonus, the Existing IA Compensation and any other amounts payable under or relevant to the
determination of any Transaction Bonus provided for herein, and all decisions, interpretations and determinations with regard to any question or matter arising under this Letter, will be made in the good faith discretion of Wagon. 

I. As used herein 

“Aggregate Value” shall mean: either (1) in the case of a Sale, the total net purchase price paid to CCH in respect
of its assets or to the equity holders of DFRG or CCH in respect or their equity interests, as the case may be (as adjusted for working capital and other purchase price adjustments pursuant to the applicable Sale documents), or (2) in the case
of a Qualified Public Offering or Secondary Public Offering, the implied aggregate common equity value of the Public Company based on such Qualified Public Offering or Secondary Public Offering issuance price, as the case may be. 

“Applicable Qualified Offering Percentage” shall mean the excess of (i) the percentage of the aggregate common
equity of the Public Company held directly or indirectly be Wagon immediately prior to the first Qualified Public Offering consummated after the date of this Letter (determined on an as converted, fully diluted basis) over (ii) the percentage of the
aggregate common equity of the Public Company held directly or indirectly by Wagon immediately after such Qualified Public Offering (determined on an as converted, fully diluted basis). Notwithstanding the foregoing, the portion, if any of the
excess described immediately above that results from the compensatory grant or compensatory issuance of common equity or of options or similar rights to acquire common equity in connection with such Qualified Public Offering shall be added back to
the amount described in clause (ii) above for purposes of determining the Applicable Qualified Offering Percentage with respect to such Qualified Public Offering. 

 Ms. Edie Ames 
  Page
 6
 
  
 “Applicable
Secondary Offering Percentage” shall mean with respect to any Secondary Public Offering, the excess of (i) the percentage of the aggregate common equity of the Public Company held directly or indirectly by Wagon immediately prior to
such Secondary Public Offering over (ii) the percentage of the aggregate common equity of the Public Company held directly or indirectly by Wagon immediately after such Secondary Public Offering. Notwithstanding the foregoing, the portion, if
any, of the excess described immediately above that results from the grant or issuance (whether or not compensatory) by the Public Company of common equity or of warrants or options to acquire common equity, or the sale by the Public Company of
newly issued common equity or of securities or other instruments convertible into common equity, in connection with such Secondary Public Offering, shall be added back to the amount described in clause (ii) above for purposes of determining the
Applicable Secondary Offering Percentage with respect to such Secondary Public Offering. 
 “Cause” shall have the meaning set
forth In the Employment Agreement. 
 “Company” shall mean, collectively, DFRG, together with each of its subsidiaries
(including, but not limited to, CCH) and its and their successors and assigns. 
 “DFRG” shall mean Del Frisco’s
Restaurant Group, LLC, a Delaware limited liability company, together with its successors and assigns. 
 “Disability” shall
have the meaning set forth in the Employment Agreement. 
 “Employment Agreement” shall mean Employee’s Executive
Employment Agreement of even date herewith with CCH (which term shall include, for purposes of this Letter, any successor or acquirer of the Company’s business), as from time to time amended, supplemented, restated, or otherwise modified.

 “Fair Market Value” means: 
 (i) If the Public Company’s common equity shares are listed on any established stock exchange or a national market system, or are regularly quoted on an automated quotation system (including the OTC
Bulletin Board and the “Pink Sheets” published by the National Quotation Bureau, Inc.) or by a recognized securities dealer, the average of the closing sales prices per share over the 30-day period ending on the date of determination, as
reported in The Wall Street Journal or such other source as Wagon deems reliable; or 
 (ii) In the absence of an established
market for the shares described in (i) above, the issuance price used in the most recent Qualified Public Offering or Secondary Public Offering to have been consummated. 
 “Good Reason” shall have the meaning set forth in the Employment Agreement. 

 Ms. Edie Ames 
  Page
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“Public Company” shall mean whichever of DFRG or CCH is the issuer in the first Qualified Public Offering to be
consummated after the date hereof. 
 “Qualified Public Offering” shall mean a firm commitment underwritten
public offering of common equity securities for gross cash proceeds to the issuer of at least $30 Million where the shares of DFRG’s or CCH’s common equity securities that are registered under the Securities Act of 1933, as amended, are
listed on a national securities exchange or are quoted on NASDAQ. 
 “Sale” shall mean a sale or transfer of
all or substantially all of the assets of CCH in one transaction or series of transactions, the sale, exchange, or other disposition of a majority of the equity interests in or of DFRG or CCH, or any transaction having a similar effect (including,
without limitation, a merger or consolidation), but excluding (i) a Qualified Public Offering or Secondary Public Offering or (ii) any sales, transfers or other transactions to or with subsidiaries or affiliates of any member of the Company Group or
Wagon’s equity holders, or any transaction with an entity that is entered into by any member of the Company Group, or their subsidiaries or affiliates, or Wagon’s equity holders, as part of a reorganization, restructuring or conversion of
one or more members of the Company Group. 
 “Secondary Public Offering” shall mean a registered public
offering of the same class of equity securities that were sold in the first Qualified Public Offering consummated after the date of this Letter, but only if Wagon receives proceeds from such offering due to a reduction in Wagon’s direct or
indirect ownership percentage in the common equity of the Public Company. 
 “Wagon” means LSF5 Wagon Holdings,
LLC, a Delaware limited liability company, together with its successors and assigns. 
  

 
 This Letter shall be governed
by and construed in accordance with laws of the State of Texas and shall be subject to Section 6 of the Employment Agreement in all respects . In order for the Transaction Bonus opportunity described above to be effective, you are required to
promptly countersign and deliver to Wagon (i) the enclosed copy of this Letter (you may keep the original for your records) and (ii) the accompanying Employment Agreement. 
 This Letter may be executed in any number of counterparts with the same effect as if all parties hereto had signed the same document. All counterparts shall be construed together and shall constitute one
agreement. This Letter and any amendments hereto, to the extent signed and delivered by means of a facsimile machine or electronic transmission, shall be treated in all manner and respects as an original Letter and shall be considered to have the
same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any party hereto the other parties hereto shall re-execute original forms thereof and deliver them to such requesting party. No party
hereto shall raise the use of a facsimile machine or electronic transmission to deliver a signature or the fact that any signature was transmitted or communicated through the use of facsimile machine or electronic transmission as a defense to the
formation of a contract and each such party forever waives any such defense. 
 [Signature page follows.]

 Ms. Edie Ames 
  Page
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 Should you have any
questions, please contact the undersigned, 
 Sincerely, 
  

			
	LSF5 WAGON HOLDINGS, LLC
		
	By:	 	/s/    Marc L. Lipshy
		 	Name: Marc L. Lipshy
		 	Title: President

  

			
	DEL FRISCO’S RESTAURANT GROUP, LLC
		
	By:	 	/s/    Steven R. Shearer
		 	Name: Steven R. Shearer
		 	Title: Vice President

 I hereby acknowledge receipt and agree to the terms of this Letter and the accompanying Employment 

Agreement this 7th day of January, 2011. 
  

	
	
	/s/    Edie Ames
	Name: Edie Ames

 Ms. Edie Ames 
  Page
 9
 
  

Schedule A 

Computation of Employee’s Transaction Bonus Amount 
 Edie Ames 
  

									
	 Transaction Bonus
Program

	 Aggregate Value
	 	 Bonus

Share

%
	 	 Bonus Pool

	   Min
 ($MM)
	 	 Max

($MM)
	 	 	 Min

($000)
	 	 Max

($000)

	 < 228.0
	 	—  	 	0.0%	 	0.0	 	0.0
	 3228.0
	 	£ 260.2	 	0.5%	 	1,140.0	 	1,301.0
	 >260.2
	 	£ 277.8	 	1.0%	 	2,603.0	 	2,778.0
	 >277.8
	 	< 292.5	 	1.5%	 	4,168.5	 	4,386.0
	 3292.5
	 		 	5,850.0 + 5% of anything over 292.5MM

 General Rule: If the Aggregate Value with respect to a particular Transaction is less than $292,500,000, the
Employee’s Transaction Bonus Amount with respect to such Transaction shall be calculated using the following formula: 
 A
X B X C, where: 
 A = 20%* 
 B = Aggregate Value from the subject Transaction 
 C = The Aggregate Value’s
applicable Bonus Share % from the chart above 
 Exception: If the Aggregate Value with respect to a particular Transaction is
$292,500,000 or greater, the Employee’s Transaction Bonus Amount with respect to such Transaction shall be calculated using the following formula: 
 A X [$5,850,000 + (C X (B – $292,500,000))], where: 
 A = 20%* 

B = Aggregate Value from the subject Transaction 
 C = 5% 
 * Subject to the right of the Company, in its sole and absolute discretion, to increase
the specified percentage by up to five (5) percentage points.

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