Document:

Form of Restricted Stock Agreement Non-Employee Directors Restricted Stock Plan

 EXHIBIT 10.11 
 FORM OF RESTRICTED STOCK AGREEMENT 
 CEC ENTERTAINMENT, INC. NON-EMPLOYEE DIRECTORS 

RESTRICTED STOCK PLAN 
 UNLESS GRANTEE REFUSES TO
ACCEPT THIS RESTRICTED STOCK AGREEMENT BY RETURNING THE AGREEMENT TO THE COMPANY WITHIN FIVE (5) BUSINESS DAYS OF RECEIPT OF THIS AGREEMENT, GRANTEE IS DEEMED TO HAVE ACCEPTED THE AWARD OF RESTRICTED STOCK EVIDENCED BY THIS AGREEMENT WITHOUT
REQUIRING GRANTEE’S SIGNATURE, SUBJECT TO AND OTHERWISE IN ACCORDANCE WITH THE TERMS AND CONDITIONS SET FORTH IN THIS AGREEMENT AND THE TERMS AND CONDITIONS SET FORTH IN THE PLAN. 
 Grantee: 
 Address: 
 Number of Awarded Shares: 
 Grant Date: 
  

							
	 Vesting of Awarded Shares:
	  	Date	  	No. Shares	  	Vested %
		  		  		  	  25%
		  		  		  	  25%
		  		  		  	  25%
		  		  		  	  25%
		  		  		  	 
	         Total
	  		  		  	100%

 CEC Entertainment, Inc., a Kansas corporation (the “Company”), hereby grants to
the individual whose name appears above (“Grantee”), pursuant to the provisions of the CEC Entertainment, Inc. Non-Employee Directors Restricted Stock Plan, as amended from time to time in accordance with its terms (the
“Plan”), a restricted stock award (the “Award”) of shares (the “Awarded Shares”) of its common stock, par value $.10 per share (the “Common Stock”), effective as of the date of
grant as set forth above (the “Grant Date”), upon and subject to the terms and conditions set forth in this Restricted Stock Agreement (the “Agreement”) and in the Plan, which is incorporated herein by reference. Unless
otherwise defined in this Agreement capitalized terms used in this Agreement shall have the meanings assigned to them in the Plan. 
  

 Page 1 

 1. Effect of the Plan. The Awarded Shares granted to Grantee are subject to all of the provisions
of the Plan and of this Agreement, together with all rules and determinations from time to time issued by the Committee pursuant to the Plan. The Company, by action of the Board, hereby reserves the right to alter, amend, revise, suspend, or
discontinue the Plan without the consent of Grantee, so long as such alteration, amendment, revision, suspension or discontinuance, unless otherwise required by law, shall not adversely affect the rights and benefits available to Grantee hereunder,
and this Award shall be subject, without further action by the Company or Grantee, to such alteration, amendment, revision, suspension, or discontinuance unless provided otherwise therein. 
 2. Grant. This Award shall evidence Grantee’s ownership of the Awarded Shares. The Awarded Shares shall be subject to all of the terms and
conditions set forth in this Agreement and the Plan, including the forfeiture conditions set forth in Section 4 of this Agreement, the restrictions on transfer set forth in Section 5 of this Agreement and the satisfaction of the Required
Withholding as set forth in Section 8(a) of this Agreement. Grantee will not receive a stock certificate representing the Awarded Shares unless and until the Awarded Shares vest as provided in this Agreement and all tax withholding obligations
applicable to the Vested Awarded Shares (as defined below) have been satisfied. The Awarded Shares will be held in custody for Grantee, by the Company, until the Awarded Shares have vested in accordance with Section 3 of this Agreement. In
accordance with the terms of Section 12.8 of the Plan, the stock certificates for the Awarded Shares will be endorsed with the legends contained in such Section. Upon vesting of the Awarded Shares, the Company shall, unless otherwise paid by
Grantee as described in Section 8(a) of this Agreement, withhold that number of Vested Awarded Shares necessary to satisfy any applicable tax withholding obligation of Grantee in accordance with the provisions of Section 8(a) of this
Agreement, and thereafter shall deliver to Grantee all remaining Vested Awarded Shares. 
 3. Vesting Schedule; Service Requirement.
Except as provided otherwise in Section 4 of this Agreement, the Awarded Shares shall vest unless Grantee’s membership on the Board is terminated as a result of Grantee’s (i) Removal, (ii) not being re-nominated for Board
membership for the next succeeding period, (iii) being nominated for Board membership for the next succeeding period but not being reelected for Board membership for such period by the Company’s stockholders, or (iv) resignation (each
a “Forfeiture Event”) during the period commencing with the Grant Date and ending with the applicable date that such portion of the Awarded Shares vests (each, a “Vesting Date”). Awarded Shares that have vested
pursuant to this Agreement are referred to herein as “Vested Awarded Shares” and Awarded Shares that have not yet vested pursuant to this Agreement are referred to herein as “Unvested Awarded Shares.” Subject to the
provisions of Section 4 of this Agreement, if the Grantee does not experience a Forfeiture Event prior to an applicable Vesting Date, the Awarded Shares will vest in accordance with the Vesting Dates set forth on the first page of this
Agreement under the heading “Vesting of Awarded Shares.” If an installment of the vesting would result in a fractional Vested Awarded Share, such installment will be rounded to the next lower Awarded Share, as determined by the Company,
except the final installment, which will be for the balance of the Awarded Shares. 
  

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 4. Conditions of Forfeiture. 
 (a) Upon the occurrence of a Forfeiture Event (the “Termination Date”), all Unvested Awarded Shares as of the Termination Date shall,
without further action of any kind by the Company or Grantee, be forfeited. Unvested Awarded Shares that are forfeited shall be deemed to be immediately transferred to the Company without any payment by the Company or action by Grantee, and the
Company shall have the full right to cancel any evidence of Grantee’s ownership of such forfeited Unvested Awarded Shares and to take any other action necessary to demonstrate that Grantee no longer owns such forfeited Unvested Awarded Shares
automatically upon such forfeiture. Following such forfeiture, Grantee shall have no further rights with respect to such forfeited Unvested Awarded Shares. Grantee, by his acceptance of the Award granted pursuant to this Agreement, irrevocably
grants to the Company a power of attorney to transfer to the Company Unvested Awarded Shares that are forfeited and shall execute any documents requested by the Company in connection with such forfeiture and transfer. The provisions of this
Agreement regarding transfers of Unvested Awarded Shares that are forfeited shall be specifically performable by the Company in a court of equity or law. 
 (b) Notwithstanding anything to the contrary in this Agreement, the Unvested Awarded Shares shall become vested (i) on the death of Grantee while Grantee is still an Eligible Director, (ii) in accordance
with the provisions of Article 10 of the Plan relating to a Change in Control event, or (iii) at the direction of the Board, in accordance with the provisions of Section 6.3 of the Plan. 
 5. Non-Transferability. Grantee may not sell, transfer, pledge, exchange, hypothecate, or otherwise encumber or dispose of any of the Unvested
Awarded Shares, or any right or interest therein, by operation of law or otherwise. Any transfer in violation of this Section 5 shall be void and of no force or effect, and shall result in the immediate forfeiture of all Unvested Awarded
Shares. The Company shall not be required (i) to transfer on its books any Unvested Awarded Shares that have been sold or otherwise transferred in violation of any of the provisions of this Agreement or the Plan, or (ii) to treat as owner
of such Unvested Awarded Shares, or accord the right to vote or pay or deliver dividends or other distributions to, any purchaser or other transferee to whom or to which such Unvested Awarded Shares shall have been so transferred. 
 6. Dividend and Voting Rights. Subject to the restrictions contained in this Agreement, Grantee shall have the rights of a stockholder with
respect to the Awarded Shares, including the right to vote all such Awarded Shares, including Unvested Awarded Shares, and to receive all dividends paid or delivered thereon, from and after the date hereof. In the event of forfeiture of Unvested
Awarded Shares, Grantee shall have no further rights with respect to such Unvested Awarded Shares. However, the forfeiture of the Unvested Awarded Shares pursuant to Section 4 hereof shall not create any obligation to repay cash dividends
received as to such Unvested Awarded Shares, nor shall such forfeiture invalidate any votes given by Grantee with respect to such Unvested Awarded Shares prior to forfeiture. 
 7. Capital Adjustments and Corporate Events. If, from time to time during the term of this Agreement, there is any capital adjustment affecting
the outstanding Common Stock as a class without the Company’s receipt of consideration, the Unvested Shares shall be adjusted in accordance with the provisions of the Plan. Any and all new, substituted or additional securities 

  

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to which Grantee may be entitled by reason of Grantee’s ownership of the Unvested Awarded Shares hereunder because of a capital adjustment shall be
immediately subject to the forfeiture provisions of this Agreement and included thereafter as “Unvested Awarded Shares” for purposes of this Agreement. 
 8. Tax Matters. 
 (a) The Company’s obligation to deliver Awarded Shares to Grantee upon the
vesting of such shares shall be subject to the satisfaction of all applicable federal, state and local income tax withholding requirements (the “Required Withholding”). If the Company has not received from Grantee payment for the
full amount of the Required Withholding within five (5) business days after the Company has notified the Grantee of the amount of such Required Withholding, the Company shall withhold from the Vested Awarded Shares that otherwise would have
been delivered to Grantee a number of Vested Awarded Shares of sufficient value necessary to satisfy Grantee’s Required Withholding, and deliver the remaining Vested Awarded Shares to Grantee. The amount of the Required Withholding and the
number of Vested Awarded Shares to be withheld by the Company, if applicable, to satisfy Grantee’s Required Withholding, as well as the amount reflected on tax reports filed by the Company, shall be based on the closing price on the New York
Stock Exchange Consolidated Tape (or in the absence of reported sales on such day, the most recent previous day for which sales were reported), for the Vested Awarded Shares on the applicable Vesting Date. The obligations of the Company under this
Award will be conditioned on such satisfaction of the Required Withholding. 
 (b) Grantee is urged to review with Grantee’s own tax
advisors the federal, state, and local tax consequences of this Award. In accepting this Award, Grantee is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. Grantee (and not the
Company) shall be responsible for Grantee’s own tax liability that may arise as a result of the Award. Section 83 of the Internal Revenue Code of 1986, as amended (the “Code”), taxes as ordinary income the fair market
value of the Awarded Shares as of the Vesting Date. Grantee may elect to be taxed at Grant Date rather than at the time the Awarded Shares vest by filing an election under Section 83(b) of the Code with the Internal Revenue Service and by
providing a copy of the election to the Company. BY ACCEPTING THIS AWARD AND THE TERMS AND CONDITIONS SET FORTH HEREIN, GRANTEE HAS BEEN INFORMED OF THE AVAILABILITY OF MAKING AN ELECTION IN ACCORDANCE WITH SECTION 83(b) OF THE CODE; THAT SUCH
ELECTION MUST BE FILED WITH THE INTERNAL REVENUE SERVICE (AND A COPY OF THE ELECTION GIVEN TO THE COMPANY) WITHIN 30 DAYS OF THE GRANT OF AWARDED SHARES TO GRANTEE; AND THAT GRANTEE IS SOLELY RESPONSIBLE FOR MAKING SUCH ELECTION. 
 9. Entire Agreement; Governing Law. The Plan and this Agreement contain all of the terms and provisions regarding the subject matter hereof and
supersede in their entirety all prior undertakings and agreements of the Company and Grantee (collectively, the “Parties”) with respect to the subject matter hereof. If there is any inconsistency between the provisions of this
Agreement and of the Plan, the provisions of the Plan shall govern. Nothing in the Plan and this Agreement (except as expressly provided therein or herein) is intended to confer any rights or remedies on any person other than the Parties. The Plan
and this Agreement are to be construed in accordance with and governed by the laws of the State of Kansas, without giving effect to any 

  

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choice-of-law rule that would cause the application of the laws of any jurisdiction other than the laws of the State of Kansas to apply to the rights and
duties of the Parties. Should any provision of the Plan or this Agreement relating to the Shares be determined by a court of law to be illegal or unenforceable, such provision shall be enforced to the fullest extent allowed by law, and the other
provisions shall nevertheless remain effective and shall remain enforceable. 
 10. Amendment; Waiver. Subject to the terms and
conditions of the Plan, this Agreement may be amended or modified by means of a written document or documents signed by the Company. If such amendment or modification shall adversely affect any rights of the Grantee, such amendment or modification
shall be signed by the Grantee, unless such amendment or modification is required by law. Any provision for the benefit of the Company contained in this Agreement may be waived, either generally or in any particular instance, by the Board. A waiver
on one occasion shall not be deemed to be a waiver of the same or any other breach on a future occasion. 
 11. Notice. Except for any
notice provided pursuant to Section 8(a) of this Agreement, any notice or other communication required or permitted hereunder shall be given in writing and shall be deemed given, effective, and received upon prepaid delivery in person or by
courier or upon the earlier of delivery or the third business day after deposit in the United States mail if sent by certified mail, with postage and fees prepaid, if to the Company at its address as shown beneath its signature in this Agreement,
and if to the Grantee at the address shown on the Company’s records, unless either party shall designate in writing from time to time a different address, by notice to the other party in accordance with this Section 11. 
  

					
	CEC ENTERTAINMENT, INC.
			
	By:	 	 	 	 
	Name:	 	 	 	 
	Title:	 	 	 	 

			
	
		
	Address:	 	4441 West Airport Freeway
		 	Irving, Texas 75062

  

 Page 5Unassociated Document

     

    
      Blue
Holdings/Headgear

      JV
Modifications Memo

      

      I have
tried to incorporate all the items required, and already agreed to in order to
have this move forward.  I have used the February 3, 2009 memo from
Stan as the base and where possible I have repeated his language.

      

      The major
difference between the new or amended agreement is that the Joint Venture (“JV”)
will now be the operating company.  Both parties to the JV will each
own a 50.0% interest.  At no time will the Blue Holdings (“BH”)
interest be diluted, unless agreed to by the Board of Directors of BH and Paul
Guez.

      

      
        	
                 
      

              	
                1.

              	
                To
      the extent that there is a savings in income taxes, to the JV, due to the
      use of Blue Holdings Net Operating Losses, the dollar amount of the tax
      benefit will be used to repay The Factor’s (“FTC”) then existing
      loans.  Such tax saving will not be considered to be a loan to
      BH.

              

      

      

      
        	
                 
      

              	
                2.

              	
                The
      international royalties that Caitec will pay to Yanuk, LLC or Paul Guez,
      personally, under the existing royalty agreement for Caitec-Japan will be
      paid into an escrow account.  Stanley Katz will open an escrow
      account for the benefit of Yanuk, LLC, Paul Guez and the
      JV.  The JV and or Headgear (HG) will receive an accounting of
      these royalties and recognize them as income.  These royalty
      payments shall immediately be disbursed to Yanuk, LLC or Paul Guez, at his
      option, as an expense of the JV.  Any new royalties payable for
      products, that are not denim jeans, that are developed by the JV shall
      belong to the JV.

              

      

      

      
        	
                 
      

              	
                3.

              	
                The
      JV may use the Marina Del Ray facility rent free for one year from the
      date of the signing of a new or amended Agreement(s).  If the JV
      will not be staying, they have to give Paul 90 days notice and if they
      elect to stay for an additional term, the rentals will be at the then
      prevailing markets.

              

      

      

      
        	
                 
      

              	
                4.

              	
                All
      new inventories will be sourced, acquired and financed exclusively by the
      JV.  Twenty percent of the cost of the newly purchased
      inventories will be loaned by the JV to Blue but paid directly to
      creditors of Blue as selected by the JV.  All loans will bear
      the same interest rate that the JV pays either to its factor, FTC, or its
      other lenders.  The loans will be principally used to reduce the
      loan at FTC.  (The trade creditors and Gemini will need to
      receive some payments).

              

      

      

      
        	
                 
      

              	
                5.

              	
                For
      available-to-sell BH inventories, in process or in the finished goods
      inventories, the JV will act as an agent for Blue.  The JV will
      sell such BH inventory and pay to creditors of Blue the proceeds of those
      sales of inventories, less a 5.0% handling fee and actual sales
      commissions paid.

              

      

      

      
        	
                 
      

              	
                6.

              	
                The
      JV will arrange for financing as soon as the legal documents for the
      modification are approved and signed by all parties including FTC and
      Gemini.

              

      

       

      
        	
                 
      

              	
                7.

              	
                The
      JV will hire any existing BH employees it deems necessary for the
      operations of the JV.

              

      

      

      
        	
                 
      

              	
                8.

              	
                The
      JV will begin when all legal documents are signed and approved as stated
      in (6) above.  The JV will be responsible for all operations
      necessary to design, source and deliver products to all existing credit
      worthy customers of BH, including international sales.  Except
      for item (2) above all royalties and license fees will belong to the JV
      and the JV will have unrestricted ability to license the products and
      brands.

              

      

      

      
        	
                 
      

              	
                9.

              	
                If
      not already done so, the brands including Taverniti, Tanuk and Antik will
      be placed in escrow.  If the “targets” are attained for sales
      and profitability by 12/31/10, the escrowed brands will be transferred to
      the JV for no additional consideration.  All other shares
      required to be placed in escrow under the terms of the original agreement
      shall remain unchanged.  Upon attainment of the “targets” for
      sales and profitability by 12/31/10, the escrowed shares will be
      transferred in accordance with the original agreement.  The
      Taverniti label is owned 60.0% by Paul Guez and 40.0% by Jimmy Taverniti;
      however, Jimmy Taverniti has a 50.0% interest in the income (royalties)
      earned.

              

      

      

      
        	
              	
                10.

              	
                The
      measurement period is amended to 1/1/10-12/31/10.  The JV
      “targets” for sales and profitability will remain the same as in the
      original agreement.  All language related to purchases by the JV
      from Blue are superseded by this
agreement.

              

      

      

      
        	
              	
                11.

              	
                When
      the escrow is dissolved and the “targets” have been met, HG will sign a
      guaranty, if necessary because Paul Guez’s guarantee has not been
      released, in favor of FTC for up to 50.0% of the then existing FTC BH
      loan, if any.

              

      

      

      
        	
              	
                12.

              	
                Regarding
      the two unfunded installments of $250,000 each due in February and March
      2009, those advances shall be deemed met by the initial advance of
      $500,000.  The total existing obligations of $1,250,000 shall
      only be payable out of future profits of the
JV.

              

      

      

      
        	
              	
                13.

              	
                Actual
      development costs will, to the extent actually paid and demonstrated to
      the satisfaction of the JV as being for products that the JV will sell,
      will be an obligation of the JV and remain an obligation of the JV and
      upon documentation of such payments be payable for BH, to creditors of BH,
      including past due payroll to BH staff hired by the
  JV.

              

      

      

      
        	
              	
                14.

              	
                All
      accounts sold by the JV are the JV
accounts.

              

      

      

      The
undersigned hereby execute this Memo to confirm their agreement to modify the
agreements to which they are currently party with respect to the Joint Venture
between them as set forth above.

       

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	BLUE
      HOLDINGS, INC.	 	 	HEADGEAR,
      INC.	 
	 	 	 	 	 	 	 
	      
                                        By:
      

                                      	
                                        /s/
      Paul Guez

                                      	 	 	      
                                        By:
      

                                      	
                                        /s/
      Jeff Watson

                                      	 
	 	
                                        Chairman

                                      	 	 	 	
                                        Chief
      Executive Officer

                                      	 

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

       

       

      
        
          	 	 	 	 	 	 	 
	      
                   

                	
                  /s/
      Paul Guez

                	 	 	      
                   

                	
                  /s/
      Elizabeth Guez

                	 
	 	
                  Paul
      Guez

                	 	 	 	
                  Elizabeth
      Guez

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