Document:

Amendment No. 1 to Warrant Agreement

 Exhibit 4.1 
 AMENDMENT NO. 1 TO WARRANT AGREEMENT 
 This Amendment No. 1 (this
“Amendment”) to the Warrant Agreement (the “Agreement”), dated as of April 8, 2009, between the Initial Holder listed on Schedule I thereto (the “Initial Holder”) and NextWave Wireless,
Inc., a Delaware corporation (the “Issuer”), is entered into as of April 16, 2012 and effective as of April 6, 2012. All capitalized terms used in this Amendment and not otherwise defined herein shall have the respective
meanings given to such terms in the Agreement. 
 RECITALS 

WHEREAS, Section 7.3(a) of the Agreement provides for the amendment of the Agreement in accordance with the terms set forth therein;

 WHEREAS, this Amendment has been approved by the board of directors of the Issuer; 

WHEREAS, the parties hereto desire to amend the terms of the Agreement as provided in this Amendment. 

NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements hereinafter set forth, and intending to be
legally bound, the parties hereto hereby agree as follows: 
 1. Amendment to Section 1.1(b). The definition of
“Expiration Time” included in Section 1.1(b) of the Agreement is hereby amended and restated in its entirety to read as follows: 
 “‘Expiration Time’ means 11:59 p.m., Eastern daylight time, on the Business Day immediately prior to the four-year anniversary date of this Agreement, subject to extension pursuant
to Section 4.3(g).” 
 2. Amendment to Section 7.1(i). Section 7.1(i) of the Agreement is hereby
amended and restated in its entirety to read as follows: 
 “(i) if to the Issuer, to: 

NextWave Wireless Inc. 
 12264 El Camino Real, Suite 305 
 San Diego, California 92130 

Telephone No.: (619) 573-1570 
 Telecopier No.: (858) 704-7825 
 Attn: Legal Department 

 with a copy to: 

Marita A. Makinen, Esq. 
 Lowenstein Sandler PC 
 1251 Avenue of the Americas 

New York, New York 10020 
 Telephone: (212) 310-8000 
 Telecopier: (212) 310-8007 

3. Exhibit A. Exhibit A of the Agreement is hereby amended and restated in its entirety by Exhibit A hereto. 

4. Remaining Provisions. Except as expressly modified by this Amendment, the Agreement is in all respects ratified and confirmed
and all terms, conditions and provisions thereof shall remain in full force and effect. This Amendment is limited precisely as written and shall not be deemed to be an amendment of any other term or condition of the Agreement or any of the documents
referred to therein. 
 5. Effect of Amendment. This Amendment shall form a part of the Agreement for all purposes, and
each party thereto and hereto shall be bound hereby. From and after the execution of this Amendment by the parties hereto, any reference to the Agreement shall be deemed a reference to the Agreement as amended hereby. This Amendment shall be deemed
to be in full force and effect from and after the execution of this Amendment by the parties hereto. 
 6. Counterparts.
This Amendment may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement. 
 7. Governing Law; Jurisdiction and Venue. 

(a) ALL QUESTIONS CONCERNING THE CONSTRUCTION, INTERPRETATION AND VALIDITY OF THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE DOMESTIC LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CHOICE OR CONFLICT OF LAW PROVISION OR RULE (WHETHER OF THE STATE OF NEW YORK OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY
JURISDICTION OTHER THAN THE STATE OF NEW YORK. 
 (b) THE PARTIES TO THIS AMENDMENT AGREE THAT JURISDICTION AND VENUE IN ANY
ACTION BROUGHT BY ANY PARTY HERETO PURSUANT TO THIS AMENDMENT SHALL EXCLUSIVELY LIE IN ANY FEDERAL OR STATE COURT LOCATED IN THE COUNTY OF NEW YORK IN THE STATE OF NEW YORK. BY EXECUTION AND DELIVERY OF THIS AMENDMENT, THE PARTIES HERETO IRREVOCABLY
SUBMIT TO THE JURISDICTION OF SUCH COURTS FOR THEMSELVES AND IN RESPECT OF THEIR PROPERTY WITH RESPECT TO SUCH ACTION. THE PARTIES HERETO IRREVOCABLY AGREE THAT VENUE WOULD BE PROPER IN SUCH COURT, AND HEREBY WAIVE ANY OBJECTION THAT SUCH COURT IS
AN IMPROPER OR INCONVENIENT FORUM FOR THE RESOLUTION OF SUCH ACTION. 

  
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 (c) THE INITIAL HOLDER AND THE ISSUER HEREBY AGREE THAT SERVICE UPON THEM BY REGISTERED OR
CERTIFIED MAIL (RETURN RECEIPT REQUESTED) SHALL CONSTITUTE SUFFICIENT NOTICE. NOTHING HEREIN SHALL AFFECT THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW OR SHALL LIMIT THE RIGHT OF THE HOLDERS TO BRING PROCEEDINGS AGAINST EITHER THE
INITIAL HOLDER OR THE ISSUER IN THE COURTS OF ANY OTHER JURISDICTION. 
 8. Headings. The headings in this Amendment are
for convenience of reference only and shall not limit or otherwise affect the meaning hereof. 

*  *  *  * 

  
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 IN WITNESS WHEREOF, each party hereto has caused this Warrant Agreement to be duly
executed and delivered by its authorized signatory, all as of the date and year first above written. 
  

			
	NEXTWAVE WIRELESS INC.
		
	By:	 	/s/ Francis J. Harding
		 	Name:   Francis J. Harding
		 	Title:     Executive Vice President
		 	

  
  

 

 
			
	SOLA LTD
		
	By:	 	/s/ Scott Martin
		 	Name:  Scott Martin
		 	Title:    EVP & PM

  
  

 

 Exhibit A 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES OR BLUE SKY LAWS.
THESE SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SAID ACT OR APPLICABLE STATE SECURITIES OR BLUE SKY LAWS. 

ADDITIONALLY, THE TRANSFER OF THESE SECURITIES IS SUBJECT TO THE CONDITIONS SPECIFIED IN THE PURCHASE AGREEMENT, DATED AS OF OCTOBER
9, 2008, AND THE WARRANT AGREEMENT, DATED AS OF APRIL 8, 2009, AMONG THE ISSUER HEREOF AND CERTAIN OTHER SIGNATORIES THERETO. UPON THE FULFILLMENT OF CERTAIN CONDITIONS, THE ISSUER HEREOF HAS AGREED TO DELIVER TO THE HOLDER HEREOF A NEW CERTIFICATE,
NOT BEARING THIS LEGEND, FOR THE SECURITIES REPRESENTED HEREBY REGISTERED IN THE NAME OF THE HOLDER HEREOF. COPIES OF SUCH AGREEMENTS MAY BE OBTAINED AT NO COST BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE SECRETARY OF
THE ISSUER HEREOF. 
 NEXTWAVE WIRELESS INC. 

 

			
	No. W -4	  	April 8, 2009

Common Stock Purchase Warrant 
 THIS CERTIFIES that, for value received, SOLA LTD (the “Holder”), or its assigns, is entitled to purchase from NextWave Wireless Inc., a Delaware corporation (the
“Issuer”), three hundred fifty-seven thousand one hundred forty-three (357,143) shares (“Warrant Shares”) of Common Stock, $.007 par value (the “Common Stock”), of the Issuer, at the price (the
“Exercise Price”) of $.07 per share, at any time or from time to time during the period commencing on the date hereof and ending at 11:59 P.M. Eastern time, on April 5, 2013 (the “Expiration Time”). 

The Holder may exercise all or any part of such rights at any time or from time to time prior to the Expiration Time. 

This Warrant has been issued pursuant to the Warrant Agreement dated as of April 8, 2009 (as amended, restated, supplemented or
otherwise modified from time to time, the “Warrant Agreement”), among the Issuer and the Holders named therein, and is subject to the terms and conditions, and the Holder is entitled to the benefits, thereof. A copy of the Warrant
Agreement is on file and may be inspected at the principal executive office of the Issuer. The Holder of this certificate, by acceptance of this certificate, agrees to be bound by the provisions of the Warrant Agreement. Capitalized terms used but
not defined herein shall have the respective meanings given to such terms in the Warrant Agreement. 

  
 A-1

 SECTION 1. Exercise of Warrant. On any day on or prior to the Expiration Time, the
Holder may exercise this Warrant, in whole or in part, in the manner set forth in Article IV of the Warrant Agreement. 

SECTION 2. Exercise Price. The Exercise Price is subject to adjustment from time to time as set forth in the Warrant Agreement.

 SECTION 3. Exchange of Warrant. On any day on or prior to the Expiration Time, the Holder may exchange this Warrant,
in whole or in part, for Warrant Shares by delivering to the Issuer this Warrant accompanied by a properly completed Exchange Form in the form of Annex B attached hereto. The number of Capital Stock to be received by the Holder upon such
exchange shall be determined as set forth in the Warrant Agreement. 
 SECTION 4. Transfer. Subject to the limitations
set forth or referred to in the Warrant Agreement, this Warrant may be Transferred by the Holder by delivery to the Issuer of this Warrant accompanied by a properly completed Assignment Form in the form of Annex C attached hereto. 

SECTION 5. Lost, Stolen, Mutilated or Destroyed Warrant. If this Warrant is lost, stolen, mutilated or destroyed, the Issuer will
issue a new Warrant of like denomination and tenor upon compliance with the provisions set forth in the Warrant Agreement. 

SECTION 7. Successors. All of the provisions of this Warrant by or for the benefit of the Issuer or the Holder shall bind and
inure to the benefit of their respective successors and permitted assigns. 
 SECTION 8. Headings. Section headings in
this Warrant have been inserted for convenience of reference only and shall not affect the construction of, or be taken into consideration in interpreting, this Warrant. 
 SECTION 9. GOVERNING LAW. THIS WARRANT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF LAWS EXCEPT TO
THE EXTENT THAT THE NEW YORK CONFLICTS OF LAWS PRINCIPLES WOULD APPLY THE APPLICABLE LAWS OF THE STATE OF THE ISSUER’S ORGANIZATION TO INTERNAL MATTERS RELATING TO ENTITIES SUCH AS THE ISSUER ORGANIZED THEREUNDER). 

*  *  *  *  * 

  
 A-2

 IN WITNESS WHEREOF, the undersigned has caused this Warrant to be executed by its
duly authorized officers and this Warrant to be dated as of the date first set forth above. 
  

			
	NEXTWAVE WIRELESS INC.
		
	By:	 	 
		 	Name:
		 	Title:Employment Agreement

 EXHIBIT 10.26 

EMPLOYMENT AGREEMENT 
 This Employment Agreement (“Agreement”), is effective as of January 25, 2012 (“Effective Date), and is between William S. Martens, III
(“Employee”) and Center Cut Hospitality, Inc. (the “Company”) (collectively, “Parties”). 
 In consideration of the respective agreements and covenants set forth in this Agreement, the receipt of which is hereby acknowledged, the parties intending to be legally bound agree as follows:

 AGREEMENTS 
 1. Employment Period. The Company agrees to employ Employee, and Employee agrees to be employed by the Company, for a period (the “Employment Period”) commencing on the
Effective Date and ending on the third anniversary of such date, unless earlier terminated in accordance with Section 3, if party provides ninety (90) days written notice to the other party that it or he intends for this Agreement
to terminate on such first anniversary. If no such notice is given, then this Agreement shall continue for successive one year terms (each a “Renewal Term”), unless earlier terminated in accordance with Section 3, until
either party provides ninety (90) days written notice to the other party that it or he intends for this Agreement to terminate at the end of any such one year period. In the event that this Agreement is continued for one or more Renewal Terms,
such additional Renewal Term(s) shall be included in the term Employment Period. If the Company provides notice of termination under this Section 1, the Company has the right to terminate Employee’s employment and relieve him of his
duties under Section 2 immediately upon notice or at any time during the 90-day notice period and the Company’s sole obligations to Employee thereafter shall be those set forth in Section 4(b) of this Agreement.

 2. Terms of Employment. 
 (a) Position and Duties. 
 (1) During Employment Period, Employee shall
serve as Vice-President of Development & Construction and, in so doing, shall perform the normal duties associated with such position and such other duties as may be assigned from time to time by Employee’s Supervisor or
the Company’s executive management. 
 (2) During the Employment Period, Employee agrees to devote his full working time
to the business and affairs of the Company and to use his best efforts to perform faithfully, effectively and efficiently his duties. Employee covenants, warrants and represents that he shall: (i) devote his full and best efforts to the
fulfillment of employment obligations; (ii) exercise the highest degree of fiduciary loyalty and care and the highest standards of conduct in the performance of his duties; (iii) endeavor to prevent any harm, in any way, to the business or
reputation of the Company or its affiliates; and (iv) not engaged in any other business activity of any kind without the advance written consent of the Company, including any passive 

  
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investments other than the ownership of publicly traded stock in an amount not to exceed three percent of the issued and outstanding stock of the company. 

(3) In keeping with Employee’s fiduciary duties to the Company, Employee agrees that he shall not, directly or indirectly, become
involved in any conflict of interest, or upon discovery thereof, allow such a conflict to continue. Employee agrees that he shall promptly disclose to the Company any facts which might involve any reasonable possibility of a conflict of interest.
Employee further agrees that he shall abide by the Company’s Code of Ethics, as may be amended from time to time. During the Employment Period, Employee shall not engage in any activities in competition with the Company or its affiliates or
participate in any business, either as an employee, officer, director, shareholder or contractor, in competition with the Company or its affiliates. Further, during the Employment Period, Employee agrees not to engage in any other business or
profession, directly or indirectly, without the prior written approval of the Company, including any passive investments other than the ownership of publicly traded stock in an amount not to exceed three percent of the issued and outstanding stock
of the company. 
 (4) Employee agrees to observe and comply with the Company’s policies, practices, and procedures, as
adopted or amended from time to time. 
 (b) Compensation. 

(1) Base Salary. During the Employment Period, Employee shall receive an annualized base salary (“Base Salary”),
which shall be paid in accordance with the customary payroll practices of the Company, in an amount equal to $181,000. 
 (2) Incentive Bonus. Employee is eligible to participate in all bonus compensation plans and stock plans which, by their terms are specifically applicable to Senior Managers. Such participation
shall be in accordance with the plan terms 
 (3) Welfare Benefit Plans. During the Employment Period, and subject to
the terms and conditions of applicable plans or programs, Employee and/or Employee’s family, as the case may be, shall be eligible for participation in and shall receive all benefits under the welfare benefit plans, practices, policies and
programs applicable generally to other employees of the Company as adopted or amended from time to time. 
 (4) Business
Expenses. During the Employment Period, Employee shall be entitled to receive prompt reimbursement for all reasonable business-related expenses incurred by Employee in accordance with the Company’s policies, practices and procedures, as
adopted or amended from time to time. 
 (5) Vacation. During the Employment Period, Employee shall be entitled to paid
vacation in accordance with the Company’s vacation pay policy, as adopted or amended from time to time. 

  
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 3. Termination of Employment. 

(a) Death or Disability. Employee’s employment shall terminate automatically upon Employee’s death during the Employment
Period. If the Disability of Employee occurs during the Employment Period (pursuant to the definition of Disability set forth below), the Company may terminate Employee’s employment upon thirty (30) days advance written notice provided
that, within the 30 days after such receipt, Employee has not returned to perform, with or without reasonable accommodation, the essential functions of his position. For purposes of this Agreement, “Disability” shall mean
Employee’s inability to perform, with or without reasonable accommodation, the essential functions of his position hereunder for a period of 180 consecutive days due to mental or physical incapacity, as determined by a physician mutually
selected by the Company or its insurers and Employee. 
 (b) Cause. The Company may terminate Employee’s employment
at any time during the Employment Period for Cause. For purposes of this Agreement, “Cause” shall mean (1) a material breach by Employee of Employee’s obligations under Section 1 (other than as a result of
physical or mental incapacity); (2) commission by Employee of an act of fraud, embezzlement, misappropriation, willful misconduct or breach of fiduciary duty against the Company or other conduct harmful or potentially harmful to the
Company’s best interest; (3) a material breach by Employee of Sections 6, 7, or 8 of this Agreement; (4) Employee’s conviction, plea of guilty, no contest, or nolo contendere, deferred adjudication or unadjudicated
probation for any felony or any crime involving moral turpitude, (5) the failure of Employee to carry out, or comply with, in any material respect, any lawful directive of the Company; (6) Employee’s unlawful use (including being
under the influence) or possession of illegal drugs; (7) Employee’s disparagement of the Company or any of its affiliates or any employee, officer, director, member, manager, agent, or representative of the Company or any of its
affiliates; or (8) the Company is temporarily or permanently enjoined from employing Employee, or a court of competent jurisdiction otherwise orders the Company to cease employing Employee, or the Company determines in its reasonable discretion
that it is in the best interests of the Company and/or its employees or members that Employee’s employment with the Company be terminated due to restrictions or covenants to which Employee agreed with his former employer(s) and which may impact
Employee’s ability to be employed by the Company. For purposes of the previous sentence, no act or failure to act on Employee’s part shall be deemed “willful” unless done, or omitted to be done, by Employee not in good faith and
without reasonable belief that Employee’s action or omission was in the best interest of the Company. 
 (c) Date of
Termination. “Date of Termination” means (1) if Employee’s employment is terminated by the Company for Cause or without Cause, or by Employee through resignation, the date of receipt by Employee of the notice of
termination or by the Company of the notice of resignation or any later date specified therein that is mutually agreeable to the Parties, (2) if Employee’s employment is terminated by reason of death, the date of death of Employee,
(3) if Employee’s employment is terminated by reason of Disability, thirty (30) days from the date on which the Company provides notice to Employee of its intent to terminate his employment unless Employee returns to work during that
30-day period, or (4) if Employee’s employment is terminated pursuant to Section 1, the date specified by the Company in its notice of termination as Employee’s last day of employment. 

  
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 4. Obligations of the Company upon Termination. 

(a) For Cause; Death or Disability; Resignation. If the Company terminates Employee’s employment for Cause or because of
Employee’s death or Disability, or Employee resigns from his employment, Employee shall forfeit all rights to any Incentive Bonus otherwise due to him or to which he may be entitled, and the Company shall have no further payment obligations to
Employee or his legal representatives, other than for the payment of in a lump sum in cash within fourteen (14) days after the Date of Termination (or such earlier date as required by applicable law) that portion of Employee’s Annual Base
Salary earned and accrued through the Date of Termination to the extent not previously paid. 
 (b) Without Cause. If
Employee’s employment is terminated by the Company without Cause before expiration of the Employment Period or if Company gives notice of termination of this Agreement to Employee, in accordance with Section 1 of this Agreement, the
Company shall have no further payment obligations to Employee or his legal representatives, other than (i) for the payment, in a lump sum in cash within fourteen (14) days after the Date of Termination (or such earlier date as required by
applicable law), of that portion of Employee’s Annual Base Salary accrued through the Date of Termination to the extent not previously paid; (ii) to continue Employee’s Base Salary in effect on the Date of Termination for twelve
(12) months from the Date of Termination. Such payments shall be made in accordance with the customary payroll practices of the Company and reduced by applicable withholdings; and (iii) for a period of twelve (12) months from the Date
of Termination, the continued provision of any of Employee’s health benefits, as Employee had enrolled in and participated in such health benefits offered by the Company as of the Date of Termination. 

(c) Release. The obligation of the Company to pay any portion of the amounts due pursuant to Section 4(b), shall be
expressly conditioned on Employee’s (1) execution (and, if applicable, non-revocation) of a full general release, releasing all claims, known or unknown, that the Executive may have against the Company, including those arising out of or in
any way related to Employee’s employment or termination of employment with the Company and (2) continued compliance with the requirements of Sections 6, 7, and 8. 

5. Full Settlement, Mitigation. 
 (a) Employee is not obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Employee under any of the provisions of this Agreement and such amounts shall
not be reduced whether or not Employee obtains other employment. 
 (b) The provision of this Agreement, any payment provided
for hereunder, and the release referenced in Section 4(c) shall not reduce any amount otherwise payable, or in any way diminish Employee’s existing right or those right that would accrue solely as a result of the passage of time,
under any employee benefit plan or other contract or plan of which Employee is a beneficiary or in which he participates except that nothing in this Section 5(b) or Agreement shall be construed to limit the Company right to amend its
employee benefit plans from time to time, in its sole discretion. 

  
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 6. Confidential Information. 

(a) Employee acknowledges that the Company has trade, business and financial secrets and other confidential and proprietary information
(collectively, the “Confidential Information”). Confidential information includes, but is not limited to, sales materials, marketing objectives, and strategies, financial information, strategic information, business plans, recipes,
procedures, and information concerning customers or vendors. As defined herein, Confidential Information shall not include information that is generally known to other persons or entities who can obtain economic value from its disclosure or use.

 (b) Employee 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. 
 (c) All records, files, documents and materials, or copies thereof, relating to the Company’s and its affiliates’ business which Employee shall prepare, or use, or be provided with as a result
of his employment with the Company, shall be and remain the sole property of the Company or its affiliates, as the case may be, and shall be returned promptly by Employee to the owner upon termination of Employee’s employment with the Company.

 7. Non-Disclosure 
 (a) During the Employment Period, the Company shall provide Employee with Confidential Information of the Company as described in Section 6. Accordingly, in consideration for the
Company’s commitment to provide Confidential Information to Employee and, in the case of Employee’s termination without Cause in consideration for the payments specified in Section 4(b), and in order to protect the value of the
Confidential Information to the Company, Employee agrees that during his employment with the Company and at all times thereafter, he will not directly or indirectly disclose or use or disclose for any reason whatsoever any Confidential Information
obtained by reason of his employment with the Company or any predecessor, except (i) as required to conduct the business of the Company during Employee’s employment; (ii) as authorized in writing by the Company; (iii) in
connection with an arbitration brought relating to this Agreement; or (iv) as compelled by legal process. Employee 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 one (1) business day after Employee is informed that such disclosure is being or will 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. 
 (b) The obligations of Employee set forth
in the preceding sentence are in addition to, and not in lieu of, the any obligations Employee may have under applicable common or statutory law. 

  
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 8. Non-Competition; Non-Solicitation. 

(a) Employee acknowledges and agrees that the nature of the Confidential Information which the Company commits to provide him during his
employment by the Company would make it difficult, if not impossible, for him to perform in a similar capacity for a Competing Business (as defined below) without disclosing or utilizing the Confidential Information. Employee further acknowledges
and agrees that the Company’s business is conducted in a highly competitive market. Accordingly, Employee agrees that he will not (other than for the benefit of the Company pursuant to this 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 (1) during the Employment Period and for a term of twelve (12) months following the Termination
Date work for or engage in a restaurant business that features the sale of steak where the sale of steak exceeds 30% of the restaurant’s revenues from food sales and which is located within 25 miles of any Del Frisco’s Double Eagle Steak
House restaurant or Sullivan’s Steakhouse restaurant, (a “Competing Business”), or (2) for a period of twelve (12) months following the Termination Date, (i) hire, attempt to hire, or contact or solicit with
respect to hiring any managerial employee of the Protected Company which includes, but is not necessarily limited to Regional Managers, General Managers, Probationary Managers, Managers, Executive Chefs, Managers in Training, and Sous Chefs;
(ii) solicit, divert or take away any customers or customer leads of the Company with whom Employee had, whether directly or indirectly, contact or business relations during the Employment Period or about whom Employee possesses Confidential
Information; or (iii) solicit, encourage, or influence any suppliers or vendors of the Protected Company to cease doing business with the Protected Company or change the terms and conditions upon which they conduct their business with the
Protected Company where Employee had, whether directly or indirectly, contact or business relations during the Employment Period with such vendors or suppliers, or about whom Employee possesses Confidential Information. 

(b) Employee acknowledges that the geographic boundaries, scope of prohibited activities, and time duration of the preceding paragraphs
are reasonable in nature and are no broader than are necessary to maintain the confidentiality and the goodwill of the Company and the confidentiality of its Confidential Information and to protect the other legitimate business interests of the
Company. 
 (c) If any court determines that any portion of this Section 8 is invalid or unenforceable, the
remainder of this Section 8 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 8, 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. 

(d) Notwithstanding the foregoing, in the event there is a Change in Control of the Company, and Employee elects to resign his employment
within six (6) months of the Change in Control upon providing ten (10) days advance notice of such resignation, then Employee shall not thereafter be bound by Section 8(a) of this Agreement and the provisions therein shall be
void and of no effect. 

  
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 (e) Definitions for Section 8 

(1) “Change in Control” means the occurrence of any one of the following: the closing of a sale (by merger, sale of
membership interests, issuance of membership interests by the Company, consolidation or other transaction) that results in either of the following: (i) the Company’s members or equity owners immediately prior to the effective time of the
transaction beneficially owning immediately after the closing of the transaction securities of the Company or any surviving or new corporation having less than 50% of the “voting power” (the right to vote generally to elect managers or
directors and whether by ownership or by agreements or arrangements concerning voting) of the Company or any surviving or new entity, including “voting power” exercisable on a contingent or deferred basis as well as immediately exercisable
“voting power;” or (ii) the closing of a sale, lease, exchange or other transfer or disposition by the Company of all or substantially all of the assets of the Company, in one or a series of integrated transactions; or (iii) the
dissolution or liquidation of the Company. Notwithstanding the foregoing, none of the foregoing transactions shall constitute a Change of Control under this Agreement if the transaction is approved by a majority of the Company’s Board of
Directors as constituted immediately prior to the transaction. 
 (2) “Protected Company” shall include the
Company and LSF5 Wagon Holdings, LLC, and any of their subsidiaries or affiliates. 
 9. Inventions; Assignment.
All rights to discoveries, inventions, improvements and innovations (including all data and records pertaining thereto) related to the Company’s business, whether or not patentable, copyrightable, registrable as a trademark, or reduced to
writing, that Employee may discover, invent or originate during the Employment Period, either alone or with others and during work hours or by the use of the facilities of the Company (“Inventions”), shall be the exclusive property
of the Company. Employee shall promptly disclose all Inventions to the Company, shall execute at the request of the Company any assignments or other documents the Company may deem necessary to protect or perfect its rights therein, and shall assist
the Company, at the Company’s expense, in obtaining, defending and enforcing the Company’s rights therein. Employee hereby appoints the Company as his attorney-in-fact to execute on his behalf any assignments or other documents deemed
necessary by the Company to protect or perfect its rights to any Inventions. 
 10. Miscellaneous. 

(a) Construction. This Agreement shall be deemed drafted equally by both the parties. Its language shall be construed as a whole
and according to its fair meaning. Any presumption or principle that the language is to be construed against any party shall not apply. The headings in this Agreement are only for convenience and are not intended to affect construction or
interpretation. 
 (b) Notices. All notices and other communications hereunder shall be in writing and shall be given by
hand delivery to the other party or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 

  
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	If to Employee:	  	 William S. Martens, III
	  	
		  	604 Shetland Drive	  	
		  	Colleyville, TX 76034	  	

  

					
	If to the Company:	  	Center Cut Hospitality, Inc.	  	
		  	930 South Kimball, Suite 100	  	
		  	 Southlake, TX 76092
	  	

 or to such other address as either party shall have furnished to the other in writing in accordance herewith. Notice and
communications shall be effective when actually received by the addressee. 
 (c) Enforcement. If any provision of this
Agreement is held to be illegal, invalid or unenforceable under present or future laws effective during the term of this Agreement, such provision shall be fully severable; this Agreement shall be construed and enforced as if such illegal, invalid
or unenforceable provision had never comprised a portion of this Agreement; and the remaining provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its
severance from this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable provision there shall be added automatically as part of this Agreement a provision as similar in terms to such illegal, invalid or unenforceable provision
as may be possible and be legal, valid and enforceable. 
 (d) No Waiver. No waiver by either party at any time of any
breach by the other party of, or compliance with, any condition or provision of this Agreement to be performed by the other party shall be deemed a waiver of similar or dissimilar provisions or conditions at any time. 

(e) Equitable and Other Relief. Employee acknowledges that money damages would be both incalculable and an insufficient remedy for
a breach by Employee and that any such breach would cause the Company irreparable harm. Accordingly, the Company, in addition to any other remedies at law or in equity it may have, shall be entitled, without the requirement of posting of bond or
other security, to equitable relief, including injunctive relief and specific performance, in connection with a breach of Sections 6, 7, or 8 by Employee. Employee further agrees that, in the event he is adjudicated to have violated Sections
7 and 8, the term of his obligations thereunder shall be extended for a period of time equal to the period of time during which he was in violation of such obligations. In addition to the remedies the Company may have at law or in equity, violation
of Sections 6, 7, or 8 entitles the Company at its sole option to discontinue the Severance Payments to Employee, and to seek repayment from Employee of any Severance Payments paid to him by the Company during any period of time Employee was
in violation of Sections 6, 7, or 8. No action taken by the Company under this Section 10(e) shall affect the enforceability of the release and waiver of claims executed by Employee pursuant to Section 4(b).

 (f) Complete Agreement. The provisions of this Agreement constitute the entire and complete understanding and
agreement between the parties with respect to the subject matter hereof, and supersedes all prior and contemporaneous oral and written agreements, 

  
 8 

 representations and understandings of the parties, which are hereby terminated. Other than expressly set
forth herein, Employee and Company acknowledge and represent that there are no other promises, terms, conditions or representations (or written) regarding any matter relevant hereto. This Agreement may be executed in two or more counterparts.

 (g) Arbitration; Venue for Disputes. The Company and Employee agree to the resolution by binding arbitration of all
claims, demands, causes of action, disputes, controversies or other matters in question in accordance with the terms of the Company’s Mandatory Arbitration Policy and Procedure for Resolving Disputes Arising out of Its Employees’
Employment or Termination of Employment (“Arbitration Agreement”) to which Employee has previously agreed and which is incorporated herein by reference. Notwithstanding anything to the contrary in the Arbitration Agreement, the
Parties agree that the Company has the right to seek temporary relief, including injunctive relief and specific performance, in a court of competent jurisdiction for an alleged breach of Sections 6, 7, and 8 of this Agreement. The parties
agree that venue for any disputes arising from or related to this Agreement or any threatened breach thereof shall lie exclusively in Dallas County, Texas and that lawsuit or arbitration commenced in any other venue will be transferred to Dallas
County, Texas upon the written request of any party to this Agreement. 
 (h) Survival. Sections 6, 7, 8, 9 &
10 of this Agreement shall survive the termination of this Agreement except as provided in Section 8(d). 
 (i)
Choice of Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without reference to principles of conflict of laws of Texas or any other jurisdiction, and, where applicable, the laws of
the United States. 
 (j) Amendment. This Agreement may not be amended or modified at any time except by a written
instrument executed by the Company and Employee. 
 (k) Indemnification. Tothe full extent permitted by law, the Company
shall pay reasonable expenses incurred by or judgments or fines rendered or levied against Employee in action brought by a third-party against Employee (whether or not the Company is a party to that action) arising from any act alleged by have been
committed by Employee in the course and scope of his employment during the Employment Period unless (i) Employee acted with gross negligence or willful misconduct or (ii) the action is one between the Company and Employee. Payments
authorized hereunder shall include reasonable amounts paid and expenses incurred in settled such action or threatened action provided the Company is consulted with respect to any such settlement. 

(l) Employee Acknowledgment. Employee acknowledges that he has read and understands this Agreement, is fully aware of its legal
effect, has not acted in reliance upon any representatives or promises made by the Company other than those contained in writing herein, and has entered into this Agreement freely based on his own judgment. 

SIGNATURES ON SUCCEEDING PAGE 

  
 9 

 IN WITNESS WHEREOF, Employee executed this Agreement and the Company has caused this
Agreement to be executed in its name on its behalf, all as of the day and year first above written. 
  

			
	EMPLOYEE:
	
	 /s/ William S. Martens, III

	 William S. Martens, III

  

			
	COMPANY:
	
	 Center Cut Hospitality, Inc.

  

			
		
	 By: 
	 	/s/ Mark Mednansky
		 	 Mark Mednansky
 Its:
President

  
 10

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