And Restated Incentive Agreement Sample Contracts

FIRST AMENDMENT TO AMENDED AND RESTATED INCENTIVE AGREEMENT
And Restated Incentive Agreement • July 2nd, 2013 • Biglari Holdings Inc. • Retail-eating places • Indiana

This First Amendment, dated as of July 1, 2013 (this “First Amendment”), to the Amended and Restated Incentive Bonus Agreement, dated as of September 28, 2010 (the “Agreement”), is by and between Biglari Holdings Inc., an Indiana corporation (“Company”), and Sardar Biglari (“Executive”). All capitalized terms used and not otherwise defined herein have the respective meanings ascribed to them in the Agreement.

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