Document:

EX-10.2

 Exhibit 10.2 
  

			
	

	 	 Robert W. Edmund
 General
Counsel & SVP of HR

 September 21, 2021 
 Via
Hand Delivery 
 Mr. Kevin M. Sheehan 
 Chair,
Board of Directors 
 Dave & Buster’s Entertainment, Inc. 
  

	 	Re:	 Appointment as Interim CEO 

Dear Kevin: 
 This letter agreement (this
“Agreement”) sets forth our mutual understandings and agreements regarding your appointment, effective October 1, 2021 (the “Effective Date”), as Interim Chief Executive Officer (“Interim CEO”)
of Dave & Buster’s Management Corporation, Inc., a Delaware corporation (“D&B Management”), and Dave & Buster’s Entertainment, Inc., a Delaware corporation (“D&B”), in addition to
also serving as the Chairman of the Board of Directors of D&B (the “Board”). D&B Management and D&B are collectively referred to below as the “Company.” D&B Management, D&B and you are
collectively referred to below as the “Parties.” 
 In consideration of the promises below, the sufficiency of which all Parties
acknowledge, D&B, D&B Management, and you agree as follows: 
 1.     Title; Duties; Term. You agree to serve as Interim
CEO, and shall perform those duties that are customarily associated with the position of Interim CEO. This Agreement shall be in effect until the earlier of (i) the appointment of a permanent Chief Executive Officer of the Company or
(ii) June 30, 2022, unless earlier terminated as provided below. During the course of your employment, you will devote your full business time and best efforts and abilities to the performance of your duties for the Company. You will
comply with all applicable laws and all of the Company’s and its affiliates’ then-current policies and procedures. So long as you comply with the terms and provisions of D&B’s Code of Business Ethics, as the same may be revised
from time-to-time and your activities do not interfere with your obligations to the Company, then, during the term of your employment you may: (x) engage in
charitable, civic, fraternal and professional activities and (y) manage personal investments; provided that you disclose any conflicts of interest that cause your personal endeavors to be in material conflict with the business of the Company
and/or its affiliates. You may not serve on the board of directors of any national charitable, civic or fraternal organization, any privately owned business, or any publicly-traded company without the prior written approval of the Board of Directors
of D&B, in its sole discretion, and then only to the extent that any such enterprise does not compete with the Company or its affiliates. Your existing memberships on boards of directors as of the Effective Date as previously disclosed to the
Company are deemed approved. 
 DAVE & BUSTER’S ENTERTAINMENT,
INC. • 2481 MANANA DR. • DALLAS, TEXAS 75220-1203 • (214) 357-9588 

• daveandbusters.com • 

 2. Compensation and Benefits. During the term of this Agreement, in lieu of any compensation that
would otherwise be payable to you in your capacity as a member of the Board of Directors of D&B (which shall cease and be suspended during the period in which he serves as Interim CEO, except for continued vesting of previously granted
restricted stock units and cash compensation already paid for the current fiscal quarter), you will receive the following compensation and benefits in consideration of your service as Interim CEO: 

Base Salary. You will receive a base salary at an annual rate of $780,000. The base salary will be paid
bi-weekly on regularly scheduled paydays determined by the Company. 
 Annual Bonus. You will
be eligible to receive an annual bonus as approved by the Board and, if so approved, as determined by the Company based upon the attainment Company goals during the fiscal year set forth in the bonus plan approved by the Board of Directors of
D&B Management, payable in accordance with such bonus plan. Your individual participation percentage in the bonus plan is equal to 100% of your base salary for the fiscal year. Any earned bonus shall be
pro-rated to reflect the elapsed time you served as Interim CEO. 
 Equity Awards. As of the
Effective Date, you shall be awarded under the Company’s Amended and Restated 2014 Omnibus Incentive Plan (the “Plan”) special one-time grants of time-based restricted stock units
(“RSUs”) and performance-based restricted stock units (“PSUs”) as follows: 

(i)    RSUs with respect to a number of shares of D&B common stock equal to $2,000,000 divided by the
closing price of a share of D&B common stock on the date of execution of this Agreement. Such RSUs shall cliff vest upon the earliest to occur of (x) the first anniversary of the Effective Date, (y) the commencement date of employment
of the permanent Chief Executive Officer of the Company (other than you), or (z) the termination of your employment as Interim CEO in connection with a Change in Control (as defined in the Plan). 

(ii)    PSUs with respect to up to 20,000 shares of D&B common stock. The PSUs will be subject to a one-year performance period and shall be earned upon the achievement of specified stock price levels and vesting terms to be established by the Compensation Committee of the Board of Directors of D&B. 

(iii) The RSUs and PSUs shall otherwise be subject to the terms of the Plan and the customary form of award agreement approved
by the Committee (as defined in the Plan), with the same terms relating to forfeiture upon resignation, death, disability, for cause termination, and termination for any other reason as were included in the Company’s FY 2021 RSU and PSU Award
Agreements. 
 Retirement and Welfare Plans. You shall be eligible to participate in any profit sharing, qualified and nonqualified
retirement plans, and any health, life, accident, disability 

 
insurance, sick leave, or other benefit plans or programs made available to similarly situated employees of the Company as of the Effective Date, as may be amended, supplemented or modified from
time to time as long as they are kept in force by the Company and provided that you meet the eligibility requirements of the respective plans. Nothing contained herein shall limit the right of the Company, in its sole and absolute discretion, to
modify, amend or discontinue any of the plans. 
 Vacation. Subject to the Company’s generally applicable policies relating to
vacations, you shall be entitled to paid vacation commensurate with the Company’s policy for senior management and your position and tenure with the Company. 

Other Benefits. The Company will reimburse you for your commuting expenses and reasonable housing expenses (either a maximum of three
days per week at a hotel mutually agreed with the Company and meals, or a standard corporate apartment lease). The Parties shall use their commercially reasonable efforts to structure the foregoing arrangements on a tax neutral basis to you. 

Expenses. The Company shall reimburse you for all reasonable business expenses incurred by you in connection with the performance of
your duties under this Agreement, in each case subject to the Company’s then current policies and procedures. Any expenses, including commuting and Other Benefits described in the prior paragraph, over $15,000 in a given month must be pre-approved by the Company’s Lead Independent Director. 
 3. Nondisclosure of Confidential Information.
During the term of this Agreement, D&B, any subsidiary and any successor to any of the foregoing (the “Company Group”) agrees to continue to provide, and you will acquire, certain Confidential Information. As a material
incentive for the Company Group to enter into this Agreement, as well as in exchange for the consideration specified herein (including, without limitation substantial amounts of compensation, benefits and access to the Confidential Information, in
each case, as set forth herein), you agree to maintain in strict confidence and shall not disclose to third parties or use in any task, work or business (except on behalf of the Company Group) any proprietary or confidential information regarding
the Company Group and/or your work with the Company Group, including, without limitation, trade secrets, current and future business plans, customers, customer lists, customer information, vendors, vendor lists, vendor information, employees,
employee information, sales, purchasing, pricing determinations, price points, internal and external cost structures, operations, marketing, financial and other business strategies, positioning of stores, information and plans, products and
services, games and amusement, development of games and amusement, food and beverage, financial performance and other financial data and compilations of data, new store development and locations, pipeline, information regarding the Company
Group’s processes, computer programs and/or records, software programs, intellectual property, business development opportunities, acquisitions, acquisition targets, confidential information developed by consultants and contractors, manuals,
memoranda, projections, and minutes (“Confidential Information”), without the express written permission of the Board. Your confidentiality obligation in this paragraph shall include, but not be limited to, any Confidential
Information to which the you have access to, had access to, will have access to, receives, or received in connection with your employment by Company Group, and any information designated as confidential by the Company Group. Notwithstanding the
foregoing, the term Confidential Information shall not include 

 
information that (i) is publicly disclosed through no fault of you, either before or after it becomes known to you, (ii) was known to you prior to the date of this Agreement, which
knowledge was acquired independently and not from the Company Group or its directors or employees or (iii) became available to you on a non-confidential basis from a source other than the Company Group,
provided such source is not bound by a confidentiality agreement with or other contractual, legal or fiduciary obligation of confidentiality to the Company Group or any other party with respect to such information. The Company Group and you
acknowledge and agree that the Confidential Information is continually evolving and changing and that some new Confidential Information will be needed by you and provided by the Company Group for the first time in the course of the term of this
Agreement. You expressly acknowledge the trade secret status of the Confidential Information and agree that your access to such Confidential Information constitutes a protectable business interest of the Company Group. Notwithstanding the foregoing
restrictions, you may disclose any Confidential Information (a) to your legal advisors subject to such advisor’s agreement to maintain the information as confidential, (b) to the extent required for your enforcement of your rights
hereunder (provided that such information be submitted under seal or otherwise not publicly disclosed), (c) to the extent required by an order of any court or other governmental authority, but in each case only after the Company Group has been
so notified in writing and has had five (5) business days to obtain reasonable protection for such information in connection with such disclosure, and (d) if such disclosure is protected under the whistleblower provisions of federal law or
regulation. 
 4. Acknowledgment of the Company Group’s Right In Work Product. During the term of this Agreement, you will create, develop and
contribute for consideration certain ideas, plans, calculations, technical specifications, works of authorship, inventions, information, data, formulas, models, reports, processes, photographs, marks, designs, computer code, concepts and/or other
proprietary materials to the Company Group related to the operation or promotion of the business of the Company Group (collectively, the “Work”). All of the Work is, was and shall hereafter be, a commissioned “work for
hire” owned by the Company Group within the meaning of Title 17, Section 101 of the United States Code, as amended. You agree that all Work is created or developed for the sole use of the Company Group, and that you have no right to market
in any manner whatsoever any such Work. 
 5. Noncompete. To protect the Company Group’s interest in its Confidential Information, contacts and
relationships and as a material inducement for the Company Group to enter into this Agreement, as well as in exchange for the consideration specified herein (including, without limitation, substantial amounts of compensation, benefits and access to
and provision of the Confidential Information, in each case, as set forth herein), and your employment under this Agreement, you agree and covenant that during the term of this Agreement and for a time period equal to the time of your service as
Interim CEO following your termination for any reason under this Agreement (including, without limitation, your resignation (the “Non-Compete Period”), you shall not directly or
indirectly, for yourself or others, within the United States or Canada, own, manage, operate, join, control, or participate in the ownership, management, operation or control of, or engage in any activity, work, business, or investment with any
other Competitive Business (or for or on behalf of any other entity or person or any other Competitive Business), including, without limitation, any attempted or actual activity as an employee, officer, director, advisor, agent, equityholder,
consultant or independent contractor (whether or not compensated for any of the foregoing); provided, however, that you may own an investment interest of less than 2% in a 

 
publicly-traded company. As used in this Agreement, “Competitive Business” shall mean the owners or operators of venues in either the United States or Canada that combine a dining
offering with games, entertainment, sports attractions or sports viewing, but shall not include (x) dining establishments that derive less than 20% of their aggregate revenues from games, entertainment and sports attractions and have not
highlighted sports viewing as a core offering in their consumer marketing or (y) entertainment concepts that derive less than 20% of their aggregate revenues from dining operations. For the avoidance of doubt, Competitive Business shall
include, without limitation, the companies identified in Appendix A to the minutes of the Company’s compensation committee meeting whereby the Company’s standard-form executive employment agreements were approved. 

6. Non-Solicitation and Non-Hire. Additionally, during the term of this
Agreement and for a period of twelve (12) months from the termination of this Agreement for any reason (the “Non-Solicitation and Non-Hire Period”), you
shall not, directly or indirectly, on your own behalf or on behalf of any other person, partnership, entity, association, or corporation, induce or attempt to influence, induce, encourage, any employee of the Company Group at or above the managerial
level (including, without limitation, store managers and regional managers), supplier, vendor, licensee, distributor, contractor or other business relation of the Company Group to cease doing business with, adversely alter or interfere with its
business relationship with, the Company Group. Further, during the Non-Solicitation and Non-Hire Period, you shall not, on your own behalf or on behalf of any other
person, partnership, entity, association, or corporation, (i) solicit or seek to hire any employee of the Company Group at or above the store general manager level for operations employees and the officer level for non-operations employees or in any other manner attempt directly or indirectly to influence, induce, or encourage any employee of the Company Group at or above the store general manager level for operations
employees and with a title of “Director” or more senior for non-operations employees to leave their employ (provided, however, that nothing herein shall restrict you from engaging in any general
solicitation that is not specifically targeted at such persons), nor shall your use or disclose to any person, partnership, entity, association, or corporation any information concerning the names, addresses or personal telephone numbers of any
employees of the Company Group, or (ii), without the Company’s prior written consent, hire, employ or engage as a consultant any employee of the Company Group with a title of “Director” or more senior. 

7. Reasonableness of Restrictions; Relief. It is the desire and intent of the Parties to this Agreement that the provisions of the foregoing paragraphs
4 and 5 shall be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. It is expressly understood and agreed that the Company Group and you consider such
restrictions to be reasonable and necessary for the purposes of preserving and protecting the Confidential Information and other legitimate business interests of the Company Group. Nevertheless, if any of the aforesaid restrictions is found to be
unreasonable, over-broad as to geographic area, duration or scope of activity, or otherwise unenforceable, the Company Group and you intend for the restrictions herein set forth to be modified to be reasonable and enforceable and, as so modified, to
be fully enforced. The Parties acknowledge that money damages would not be a sufficient remedy for any breach or threatened breach of such restrictions; therefore, notwithstanding the arbitration provisions in this Agreement, you and the Company
Group agree that the Company Group may resort to a court to enforce such restrictions by injunctive relief. The Parties agree that the Company Group may enforce this promise without 

 
posting a bond and without giving notice to the maximum extent permitted by law. The foregoing remedies are not the exclusive remedies but shall be in addition to all remedies available at law or
in equity to the Company Group. You agree that the Non-Solicitation Period shall be tolled during any period of violation of the restrictions of paragraph 5 by you. 

8. Termination. This Agreement shall automatically terminate upon your death or upon your becoming disabled. The determination of your disability shall
be made in good faith by a physician reasonably acceptable to the Company. In addition, either the Company or you may terminate this Agreement at any time during the term by giving the other Party no less than thirty (30) days’ prior
written notice of the date of termination. The Company may terminate this Agreement without any prior written notice to you if the termination is “for cause.” For purposes of this Agreement “for cause” shall be defined as the
willful and continued failure by you to perform the duties assigned by the Board of Directors of D&B, gross insubordination, theft from the Company or its affiliates, habitual absenteeism or tardiness, conviction or plea of a felony, or any
other reckless or willful misconduct that is contrary to the best interests of the Company or materially and adversely affects the reputation of the Company. If the Company believes that an event constituting “for cause” under this section
has occurred and such event (i) is not a criminal offense and (ii) is readily curable by you, then the Company shall provide written notice to you setting forth: (A) the Company’s intent to terminate your employment for cause,
and (B) the reasons for the Company’s intent to terminate your employment for cause. You shall have ten (10) business days following the receipt of such notice to cure the alleged breach. The Company may terminate this Agreement
without any further notice to you if such cure has not occurred within such ten (10) business day period. In the event that the Company contends that the event is not readily curable by you, the Company shall provide written notice to you
setting forth: (X) the reasons for the Company’s intent to terminate your employment “for cause” and (Y) the basis for the Company’s determination that such event is not readily curable. In the event your employment
with the Company under this Agreement is terminated for any reason, the Company’s obligations to provide any payments or benefits to you shall be limited to payment of only that base salary which has been earned through the date of termination
payable in accordance with the Company’s normal payroll practice, and such other payments or benefits required to be paid or provided under applicable law. Your RSUs and PSUs shall be treated in accordance with their respective terms upon
termination of your employment as Interim CEO. 
 9. Section 409A. All payments hereunder that are determined, in whole or in
part, to constitute “nonqualified deferred compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) are intended to be exempt from or in
compliance with Section 409A. If any payment, compensation or other benefit provided to you in connection with your employment termination is and you are a specified employee as defined in Section 409A(a)(2)(B)(i), then no portion of such
“nonqualified deferred compensation” shall be paid before the earlier of (i) the day that is six (6) months plus one (1) day after the date of termination or (ii) five (5) days following your death (the “New
Payment Date”). The aggregate of any payments that otherwise would have been paid to you during the period between the date of termination and the New Payment Date shall be paid to the Employee in a lump sum on such New Payment Date.
Thereafter, any payments that remain outstanding as of the day immediately following the New Payment Date shall be paid without delay over the time period originally scheduled, in accordance with the terms of this Agreement. The Company makes no
guarantee of any federal, state or local tax consequences with respect to the interpretation of Section 409A and its application to the terms of this Agreement, and the Company shall have no liability for any adverse tax consequences to you, as
a result of any violation of Section 409A. 

 10. Confidential Arbitration. You and the Company hereby agree that any controversy or claim arising
out of or relating to this Agreement, including the arbitrability of any controversy or claim, which cannot be settled by mutual agreement will be finally settled by confidential and binding arbitration in accordance with the Federal Arbitration
Act. Further, notwithstanding the preceding sentence, in the event disputes arise that relate in any way to and concern this Agreement and also relate in any way to and concern one or more RSUs or PSUs, the Parties agree that such disputes may be
joined in a single binding arbitration if doing so would not result in unreasonable delay. All arbitrations shall be administered by a panel of three neutral arbitrators (the “Panel”) admitted to practice law in Texas for at least
ten (10) years, in accordance with the American Arbitration Association Rules. Any such arbitration proceeding shall be administered by the American Arbitration Association and all hearings shall take place in Dallas County, Texas. The
arbitration proceeding and all related documents will be confidential, unless disclosure is required by law. The Panel will have the authority to award the same remedies, damages, and costs that a court could award, including but not limited to the
right to award injunctive relief in accordance with the other provisions of this Agreement. Further, the Parties specifically agree that, in the interest of minimizing expenses and promoting early resolution of claims, the filing of dispositive
motions shall be permitted and that prompt resolution of such motions by the Panel shall be encouraged. The Panel shall issue a written reasoned award explaining the decision, the reasons for the decision, and any damages awarded. The Panel’s
decision will be final and binding. The judgment on the award rendered by the Panel may be entered in any court having jurisdiction thereof. This provision can be enforced under the Federal Arbitration Act. The Panel shall be permitted to award only
those remedies in law or equity that are requested by the Parties, appropriate for the claims and supported by evidence, and each Party shall be required to bear its or your own arbitration costs, attorneys’ fees and expenses. The decision of
the arbitrator on the points in dispute will be final, unappealable and binding, and judgment on the award may be entered in any court having jurisdiction thereof. The Parties agree that this provision has been adopted by the Parties to rapidly and
inexpensively resolve any disputes between them and that this provision will be grounds for dismissal of any court action commenced by any Party with respect to this Agreement, other than post-arbitration actions seeking to enforce an arbitration
award. The Parties will keep confidential, and will not disclose to any person, except as may be required by law, the existence of any controversy under this paragraph, the referral of any such controversy to arbitration or the status or resolution
thereof. In addition, the confidentiality restrictions set forth in this Agreement shall continue in full force and effect. 
 As the sole exception to the
exclusive and binding nature of the arbitration commitment set forth above, the Parties agree that the Company Group may resort to Texas state courts having equity jurisdiction in and for Dallas County, Texas and the United States District Court for
the Northern District of Texas, Dallas Division, at its sole option, to request temporary, preliminary, and/or permanent injunctive or other equitable relief, including, without limitation, specific performance, to enforce the post-employment
restrictions and other non-solicitation and confidentiality obligations set forth in this Agreement, without the necessity of proving inadequacy of legal remedies or irreparable harm or posting bond or giving
notice, to the maximum extent permitted by law. However, nothing in this paragraph should be construed to constitute a waiver of the Parties’ rights and obligations to arbitrate as set forth in this paragraph. 

 IN THE EVENT THAT ANY COURT OF COMPETENT JURISDICTION OR ARBITRATOR DETERMINES THAT THE
SCOPE OF THE ARBITRATION OR RELATED PROVISIONS OF THIS AGREEMENT ARE TOO BROAD TO BE ENFORCED AS WRITTEN, THE PARTIES INTEND THAT THE COURT REFORM THE PROVISION IN QUESTION TO SUCH NARROWER SCOPE AS IT DETERMINES TO BE REASONABLE AND ENFORCEABLE.
EACH PARTY HERETO ACKNOWLEDGES THAT IT HAS BEEN INFORMED BY THE OTHER PARTY HERETO THAT THIS PARAGRAPH CONSTITUTES A MATERIAL INDUCEMENT UPON WHICH IT OR HE IS RELYING AND WILL RELY IN ENTERING INTO THIS AGREEMENT. 

BEFORE ACCEPTING THE TERMS OF THIS AGREEMENT, INCLUDING THE RESTRICTIVE COVENANT TERMS, PLEASE READ AND UNDERSTAND YOUR CONTINUING OBLIGATIONS
TO THE COMPANY AND ITS AFFILIATES. 
 11. Indemnification. The Company shall indemnify you to the fullest extent permitted by Section 145 of the
Delaware General Corporation Law against all costs, expenses, liabilities and losses, including but not limited to, attorneys fees, judgments, fines, penalties, taxes and amounts paid in settlement, reasonably incurred by you in conjunction with any
action, suit, or proceeding, whether civil, criminal, administrative, or investigative in nature, which you are made or threatened to be made a party or witness by reason of your position as officer, employee or agent of the Company or otherwise due
to your association with the Company or due to your position or association with any other entity, at the request of the Company. The Company shall advance to you all reasonable costs and expenses incurred in connection with such action within
twenty (20) days after receipt by the Company of your written request. The Company shall be entitled to be reimbursed by you and you agree to reimburse the Company if it is determined that you are not entitled to be indemnified with respect to
an action, suit, or proceeding under applicable law. The Company shall not settle any such claim in any manner which would impose liability, including monetary penalties or censure, on you without your prior written consent, unless your would be
harmed by such action. 
 12. Governing Law; Submission to Jurisdiction; Jury Waiver. THIS AGREEMENT SHALL BE EXCLUSIVELY GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, WITHOUT REGARD TO CONFLICTS OF LAW DOCTRINE. THE VENUE FOR ANY ENFORCEMENT OF THE ARBITRATION AWARD SHALL BE EXCLUSIVELY IN THE COURTS IN DALLAS, TEXAS, AND THE UNITED STATES DISTRICT COURT FOR THE
NORTHERN DISTRICT OF TEXAS, DALLAS DIVISION. THE PARTIES WAIVE ANY RIGHT TO A JURY TRIAL. 
 13. Entire Agreement; Miscellaneous. This Agreement
represents the entire agreement relating to employment between the Company and you and supersedes all previous oral and written and all contemporaneous oral negotiations or commitments, writings and other understandings which, at the Effective Date,
shall be deemed to be terminated and of no further force or effect. No prior or subsequent promises, representation, or understandings relative to any terms or conditions of employment are to be considered as part of this Agreement or as binding.
This Agreement may be amended or modified only in a writing signed by the Parties hereto. The Company shall be 

 
entitled to withhold from any amounts to be paid or benefits provided to you hereunder any federal, state, local, or foreign withholding or other taxes or charges which it is from time to time
required to withhold. The Company shall be entitled to rely on an opinion of counsel or tax preparer if any question as to the amount or requirement of any such withholding shall arise. This Agreement may be signed in any number of counterparts with
the same effect as if the signatures to each counterpart were upon a single instrument, and all such counterparts together shall be deemed an original of this Agreement. 

 

			
	 COMPANY:

	
	 DAVE & BUSTER’S MANAGEMENT

	 CORPORATION, INC.

		
	 By:
	 	     /s/ Robert W.
Edmund

 
			
	     Name:
	 	 Robert W. Edmund

	     Title:
	 	 President

	 Address:
	 	 2481 Manana Drive

		 	 Dallas, Texas 75220

	
	DAVE & BUSTER’S ENTERTAINMENT, INC.

 
			
		
	 By:
	 	     /s/ Robert W.
Edmund

 
			
	     Name:
	 	 Robert W. Edmund

	     Title:
	 	 General Counsel & SVP of HR

	 Address:
	 	 2481 Manana Drive

		 	 Dallas, Texas 75220

	
	INTERIM CEO:
	
	             /s/ Kevin M.
Sheehan

	Kevin M. Sheehan
	
	
                 September 21,
2021

	 (Date)EX-10.3

 Exhibit 10.3 

Dave & Buster’s Entertainment, Inc. 

2014 Omnibus Incentive Plan 

RESTRICTED STOCK UNIT AGREEMENT 

(Time-Based) 
 THIS
RESTRICTED STOCK UNIT AGREEMENT (this “Award Agreement”) is made effective as of                         
(the “Date of Grant”), between Dave & Buster’s Entertainment, Inc., a Delaware corporation (the “Company”) and [●] (the “Participant”). 

R E C I T A L S: 

WHEREAS, the Company has adopted the Dave & Buster’s Entertainment, Inc. 2014 Omnibus Incentive Plan (as amended from time to
time, the “Plan”); and 
 WHEREAS, the Compensation Committee of the Board of Directors of the Company (the
“Committee”) has determined that it would be in the best interests of the Company and its stockholders to grant the award (the “Award”) of restricted stock units (each, an “RSU”) provided for herein to the
Participant pursuant to the Plan and the terms set forth herein. 
 NOW THEREFORE, in consideration of the mutual covenants hereinafter set
forth, the parties agree as follows: 
 1.    Grant of Award. The Company hereby grants to the Participant
[●] RSUs. All of the RSU Award will vest on                         , subject to earlier vesting in accordance with
Section 3 below (the date of vesting, the “Vesting Date”). Each RSU represents one notional share of common stock, par value $.01 per share, of the Company (each, a “Share”), provided that the RSUs shall be settled in
Shares in accordance with Section 2 below. 
 2.    Settlement; Payment. 

(a)    RSUs. Subject to the terms of the Plan and this Award Agreement, including, without limitation,
Section 4 hereof, and to the extent that it would not cause a violation of Section 409A, each RSU shall be settled by the issuance of a Share as soon as practicable following the Vesting Date, and in all events no later than sixty
(60) days following the Vesting Date, as determined solely by the Company (the date of settlement, the “Settlement Date”). RSUs settled via Share issuance shall be distributed to the Participant or the Participant’s legal
representative; provided, that the Company may, at its election, either (a) on or after the Settlement Date, issue a certificate representing the Shares subject to this Award Agreement, or (b) not issue any certificate representing Shares
subject to this Award Agreement and instead document the Participant’s or the Participant’s legal representative’s interest in the Shares by registering the Shares with the Company’s transfer agent (or another custodian selected
by the Company) in book-entry form. 

  
 RSU Agreement –
[●] 
 Page 1 of 8 

 (b)    Award Subject to Clawback Policy. The Participant agrees
and acknowledges that the Participant is bound by, and the Award is subject to, any clawback policy adopted by the Committee from time to time. 

3.    Termination of Service. Notwithstanding anything herein to the contrary: 

(a)    Termination of Service Due to Death or Disability. Upon a termination of the Participant’s Service by
reason of death or Disability that occurs at any time prior to the Settlement Date, then the Award shall be settled in accordance with Section 2 above in respect of the number of then-outstanding RSUs, except that notwithstanding
Section 1, such RSUs shall be immediately fully vested and settled on the Settlement Date next following such termination of Service, subject to the applicable limitations set forth in Section 2 above. 

For purposes of this Award Agreement, “Disability” means (i) “Disability” as defined in any employment agreement between the
Participant and the Company or any of its Affiliates, or (ii) if there is no such employment agreement or if it does not define Disability: the Participant is disabled to the extent that he or she is unable to engage in any substantial gainful
activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, or is receiving income replacement
benefits for a period of not less than three (3) months under an accident and health plan covering employees of Dave & Buster’s Management Corporation, Inc. The determination of the Participant’s Disability shall be made in
good faith by a physician reasonably acceptable to the Company. 
 (b)    Termination upon hiring permanent CEO or
expiration of Interim CEO Agreement. Upon the termination of the Participant’s Service by the Company or one of its successors or Affiliates by reason of (i) the hiring by the Company of a permanent CEO (other than the Participant) or
(ii) the expiration of the Interim CEO Agreement dated September 21, 2021, either of which that occurs at any time prior to the Settlement Date, then the Award shall be settled in accordance with Section 2 above in respect of the
number of then-outstanding RSUs, except that notwithstanding Section 1, such RSUs shall be immediately fully vested and settled on the Settlement Date next following such termination of Service, subject to the applicable limitations set forth
in Section 2 above. 
 (c)    Termination without Cause or for Good Reason related to a Change of Control.
Upon (i) a termination of the Participant’s Service by the Company or one of its successors or Affiliates without Cause or due to the Participant’s resignation for Good Reason (excluding termination by reason of death or Disability),
in either case prior to the Settlement Date (a “Specified Termination”) and (ii) the Specified Termination occurs either within ninety (90) days before or within twelve (12) months following the occurrence of a Change
of Control of the Company (the “Protected Period”), that occurs at any time prior to the Settlement Date, then the Award shall be settled in accordance with Section 2 above in respect of the number of then-outstanding RSUs,
except that notwithstanding Section 1, such RSUs shall be immediately fully vested and thereafter settled on the Settlement Date next following such termination of Service, subject to the applicable limitations set forth in Section 2
above; provided, that if a Specified Termination should occur prior to a Change of Control of the Company, the Award shall remain outstanding for up to ninety (90) days following such Specified Termination in order to determine whether
such Specified Termination shall have occurred during a Protected Period such that the Award shall be eligible for settlement pursuant to this Section 3(b). 

  
 RSU Agreement –
[●] 
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 (d)    Termination without Cause. Upon a termination of the
Participant’s Service by the Company or one of its successors or Affiliates without Cause, that occurs at any time prior to the Settlement Date, then the Award shall be settled in accordance with Section 2 above in respect of the number of
then-outstanding RSUs that would have vested on the applicable date of vesting coincident with or next following such termination of Service, multiplied by a fraction, the numerator of which is the number of days elapsed after the immediately
preceding date of vesting through and including the date of termination of Service, and the denominator of which is 272, except that notwithstanding Section 1, such RSUs shall be fully vested and settled on the Settlement Date next following
such termination of Service, subject to the applicable limitations set forth in Section 2 above. 
 (e)    For
purposes of this Award Agreement, “Cause” means (x) “Cause” as defined in any employment agreement between the Participant and the Company or any of its Affiliates, or (y) if there is no such employment agreement or
if it does not define Cause: the willful and continued failure by the Participant to perform the duties assigned by the Company, failure to follow reasonable business-related directions from the Company, gross insubordination, theft from the Company
or its Affiliates, habitual absenteeism or tardiness, conviction or plea of guilty or nolo contendere to a felony, misdemeanor involving fraud, theft or moral turpitude, or any other reckless or willful misconduct that is contrary to the best
interests of the Company or materially and adversely affects the reputation of the Company. 
 (f)    For purposes of
this Award Agreement, “Good Reason” means (i) “Good Reason” as defined in any employment agreement between the Participant and the Company or any of its Affiliates, or (ii) if there is no such employment agreement or
if it does not define Good Reason: Without the Participant’s consent, (A) a material reduction in the Participant’s annual base salary or (B) a relocation of the Participant’s primary place of employment with the Company by
more than fifty (50) miles from that in effect as of the Date of Grant; provided, however, that neither item (A) nor item (B) shall constitute Good Reason unless the Participant has provided written notice to the Company within thirty
(30) days of the occurrence of such event and the Company shall have failed to cure such event within thirty (30) days of receipt of such written notice. 

(g)    Other Terminations of Service. Upon a termination of the Participant’s Service prior to the Settlement
Date for any reason other than pursuant to Sections 3(a), 3(b), 3(c) and 3(d) above, the Award, including any then-outstanding RSUs, shall immediately terminate and be forfeited without consideration. 

(h)    Release. Upon a termination of the Participant’s Service prior to the Settlement Date for termination
without Cause pursuant to Section 3(c), settlement of any Award shall be conditioned first upon the Participant’s execution of a fully effective and non-revocable general release
(“Release”) in favor of the Company, its Board of Directors, Affiliates, and employees, in such form as reasonably approved by the Company and the Participant within sixty (60) days of the Participant’s termination of Service,
which Release shall be provided to the Participant within five (5) days of the Participant’s termination of Service. 

  
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 4.    No Right to Continued Service. The granting of the Award
evidenced hereby and this Award Agreement shall impose no obligation on the Company or any Affiliate to continue the Service of the Participant and shall not lessen or affect any right that the Company or any Affiliate may have to terminate the
Service of such Participant. 
 5.    Shareholder Rights. Neither the Participant nor the Participant’s
representative shall have any rights as a shareholder of the Company with respect to the RSUs until such Person receives the Shares, if any, issued upon settlement. 

6.    Non-Solicitation and
Non-Hire. If the Participant has an employment agreement with the Company or any of its Subsidiaries that contains non-solicitation and/or non-hire covenants, the covenants are incorporated into this Award Agreement by reference. To the extent the Participant does not have an employment agreement containing such covenants, the following restrictive
covenants shall apply: 
 As a material incentive for the Company to enter into this Award Agreement, during the term of the
Participant’s employment with the Company or any of its Subsidiaries and for a period of twelve (12) months from the termination of the Participant’s employment for any reason (including, without limitation, resignation by the
Participant) (the “Non-Solicitation and Non-Hire Period”) the Participant shall not, directly or indirectly, on the Participant’s own behalf or on behalf
of any other person, partnership, entity, association, or corporation, induce or attempt to influence, induce, or encourage anyone who is or, within the six (6) months prior to the date of termination was, an employee of the Company or any of
its Subsidiaries at or above the managerial level (including, without limitation, General Managers, Assistant General Managers, store departmental managers, and all higher-ranking managers) (for purposes of this Section 6, an
“Employee”), client, supplier, vendor, licensee, distributor, contractor or other business relation of the Company or any of its Subsidiaries to cease doing business with, adversely alter or interfere with its business relationship with,
the Company or any of its Subsidiaries. Further, during the Non-Solicitation and Non-Hire Period, the Participant shall not, on the Participant’s own behalf or on
behalf of any other person, partnership, entity, association, or corporation, (i) solicit or seek to hire any Employee, or in any other manner attempt directly or indirectly to influence, induce, or encourage any Employee to leave their employ
(provided, however, that nothing herein shall restrict the Participant from engaging in any general solicitation that is not specifically targeted at such persons), nor shall the Participant use or disclose to any person, partnership, entity,
association, or corporation any information concerning the names, addresses or personal telephone numbers of any Employee, (ii) without the Company’s prior written consent, hire, employ or engage as a consultant any Employee, or
(iii) directly or indirectly solicit, induce, or attempt to influence, induce, or encourage any person, partnership, entity, association, or corporation that is a client or customer of the Company or its Subsidiaries and who or which the
Participant helped to schedule or conduct a special event or corporate teambuilding while employed by the Company or its Subsidiaries to schedule or conduct a special event or corporate teambuilding through another person, partnership, entity,
association, or corporation. 
 This Section 6 shall survive termination or settlement of the Award and termination or satisfaction of
the Award Agreement. 

  
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 7.    Securities Laws/Legend on Certificates. The issuance and
delivery of Shares shall comply with all applicable requirements of law, including (without limitation) the Securities Act of 1933, as amended, the rules and regulations promulgated thereunder, state securities laws and regulations, and the
regulations of any stock exchange or other securities market on which the Company’s securities may then be traded. If the Company deems it necessary to ensure that the issuance of securities under the Plan is not required to be registered under
any applicable securities laws, the Participant shall deliver to the Company an agreement or certificate containing such representations, warranties and covenants as the Company which satisfies such requirements. The certificates representing the
Shares shall be subject to such stop transfer orders and other restrictions as the Committee may deem reasonably advisable, and the Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such
restrictions. 
 8.    Transferability. Unless otherwise provided by the Committee, the Award may not be
assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by the Participant other than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer
or encumbrance shall be void and unenforceable against the Company or any Affiliate; provided that, the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. No such
permitted transfer of the Award to heirs or legatees of the Participant shall be effective to bind the Company unless the Committee shall have been furnished with written notice thereof and a copy of such evidence as the Committee may deem necessary
to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. 

9.    Withholding. The Participant may be required to pay to the Company or any Affiliate and the Company shall
have the right and is hereby authorized to withhold any applicable withholding taxes in respect of the Award, its exercise or transfer and to take such other action as may be necessary in the opinion of the Committee to satisfy all obligations for
the payment of such withholding taxes. 
 10.    Notices. Any notification required by the terms of this Award
Agreement shall be given in writing and shall be deemed effective upon personal delivery or within three (3) days of deposit with the United States Postal Service, by registered or certified mail, with postage and fees prepaid. A notice shall
be addressed to the Company, Attention: General Counsel, at its principal executive office and to the Participant at the address that he or she most recently provided to the Company. 

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

12.    Waiver. No waiver of any breach or condition of this Award Agreement shall be deemed to be a waiver of any
other or subsequent breach or condition whether of like or different nature. 

  
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 13.    Successors and Assigns. The provisions of this Award
Agreement shall inure to the benefit of, and be binding upon, the Company and its successors and assigns and upon the Participant, the Participant’s assigns and the legal representatives, heirs and legatees of the Participant’s estate,
whether or not any such person shall have become a party to this Award Agreement and have agreed in writing to be joined herein and be bound by the terms hereof. 

14.    Governing Law; Jurisdiction; Waiver of Jury Trial. 

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

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

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

17.    Amendment. The Committee may amend or alter this Award Agreement and the Award granted hereunder at any
time, subject to the terms of the Plan. 
 18.    Signature in Counterparts. This Award Agreement may be signed
in counterparts, manually or electronically, and each of which will be an original, with the same effect as if the signatures to each were upon the same instrument. 

  
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 19.    Electronic Signature and Delivery. This Award Agreement
may be accepted by return signature or by electronic confirmation. Each party agrees that the electronic signatures, whether digital or encrypted, of the parties included in this Award Agreement are intended to authenticate this writing and to have
the same force and effect as manual signatures. Delivery of a copy of this Agreement or any other document contemplated hereby bearing an original or electronic signature by facsimile transmission (whether directly from one facsimile device to
another by means of a dial-up connection or whether mediated by the worldwide web), by electronic mail in “portable document format” (“.pdf”) form, or by any other electronic means intended
to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an original or electronic signature. 

20.    Severability. The provisions of this Award Agreement are severable and if any one or more provisions are
determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

[signature page follows] 

  
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 IN WITNESS WHEREOF, the Company and the Participant have executed this Restricted Stock Unit
Agreement as of the date first set forth above. 
 PARTICIPANT 
  

			
	By:	 	  

		 	    [●]

  

			
	DAVE & BUSTER’S ENTERTAINMENT, INC.
		
	 By:
	 	  

		 	    Name: [●] 
		 	    Title: [●]

  
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