Exhibit 10.1

JOINT COMMITMENT LETTER

February 6, 2013

Ignite Restaurant Group, Inc.

9900 Westpark Drive, Suite 300

Houston, Texas 77063

Attention: Michael J. Dixon

Chief Financial Officer

Re:                             $150,000,000 Credit Facilities for Ignite Restaurant Group, Inc.

Ladies and Gentlemen:

The Company has advised KeyBank National Association (“KeyBank”), Bank of America, N.A. (“Bank of America”), Wells Fargo Bank, National Association (“Wells Fargo” and, together with KeyBank and Bank of America, collectively, the “Underwriting Lenders”) and Merrill Lynch, Pierce, Fenner & Smith Incorporated (or any of its designated affiliates, “MLPFS” and, together with KeyBank, collectively, the “Lead Arrangers”) that Ignite Restaurant Group, Inc., a Delaware corporation (the “Company”), desires to establish senior secured credit facilities in an aggregate principal amount of $150,000,000, comprised of a $100,000,000 revolving credit facility and a $50,000,000 term loan (the “Facilities”), to provide, among other things, financing for the purchase of certain assets of Macaroni Grill (the “Target”) by the Company (the “Acquisition”), and for other corporate purposes.

In connection with the foregoing, the Company has requested that (a) KeyBank underwrite $62,500,000 of the Facilities, having the terms described in the attached Summary of Terms and Conditions (the “Term Sheet”), (b) Bank of America underwrite $62,500,000 of the Facilities, having the terms described in the attached Term Sheet, (c) Wells Fargo underwrite $25,000,000 of the Facilities, having the terms described in the attached Term Sheet, (d) the Lead Arrangers structure, arrange and syndicate the Facilities to additional lenders, (e) KeyBank serve as administrative agent, joint lead arranger and joint book runner for the Facilities, (f) Bank of America serve as syndication agent for the Facilities, (g) Wells Fargo serve as documentation agent for the Facilities, and (h) MLPFS serve as joint lead arranger and joint book runner for the Facilities.  This letter, together with the Term Sheet and all exhibits, annexes and schedules attached hereto or thereto shall be referred to as the “Joint Commitment Letter”.  Capitalized terms used in this Joint Commitment Letter and not otherwise defined herein shall have the meaning given to them in the Term Sheet.

Commitment

KeyBank is pleased to advise the Company of its commitment (the “KeyBank Commitment”) to provide $62,500,000 of the Facilities upon the terms and subject to the conditions set forth

or referred to in this Joint Commitment Letter.  Bank of America is pleased to advise the Company of its commitment (the “Bank of America Commitment”) to provide $62,500,000 of the Facilities upon the terms and subject to the conditions set forth or referred to in this Joint Commitment Letter.  Wells Fargo is pleased to advise the Company of its commitment (the “Wells Fargo Commitment” and, together with the KeyBank Commitment and the Bank of America Commitment, collectively, the “Commitments”) to provide $25,000,000 of the Facilities upon the terms and subject to the conditions set forth or referred to in this Joint Commitment Letter.

Subject to the Funds Certain Provision (as defined below), the Facilities shall be evidenced by definitive loan documents relating to the Facilities (the “Loan Documents”) containing terms, conditions, covenants, representations, warranties, events of default and other provisions set forth herein and in the Term Sheet, or as otherwise negotiated in good-faith by and reasonably satisfactory to both the Company and the Lead Arrangers, as customary for transactions of this type and consistent with the existing credit documentation.

Appointment

The Company hereby appoints KeyBank to act as the administrative agent, joint book-runner, and joint lead arranger for the Company in connection with the Facilities. The Company hereby appoints Bank of America to act as syndication agent for the Company in connection with the Facilities.  The Company hereby appoints Wells Fargo to act as documentation agent for the Company in connection with the Facilities.  The Company hereby appoints MLPFS to act as joint lead arranger and joint book-runner for the Company in connection with the Facilities.  In such capacities, KeyBank, Bank of America, Wells Fargo and MLPFS shall perform the duties and exercise the authority customarily performed and exercised in such roles.  No other titles shall be awarded and no compensation shall be paid in connection with the Facilities, except as expressly set forth in this Joint Commitment Letter or the Fee Letters (as defined below) or as otherwise agreed to by the Lead Arrangers and the Company in writing.  To the extent any such additional titles are awarded with the consent of the Lead Arrangers and the Company, KeyBank shall always have “left” placement in all marketing materials and other documentation used in connection with the Facilities.

Syndication

While the Commitments are not contingent upon syndication, the Company acknowledges that a Successful Syndication of the Facilities is an integral part of this transaction.  As used herein, a “Successful Syndication” means the syndication of the Facilities that results in KeyBank and Bank of America holding, in the aggregate, not more than $80,000,000 of the Facilities.  Any syndication of the Facilities shall reduce the Commitments of KeyBank and Bank of America on a pro-rata basis; provided that either KeyBank or Bank of America, in their respective sole discretion, may choose to further reduce its Commitment in an amount that is less than their respective pro-rata share.

The Lead Arrangers intend to immediately commence syndication to arrange a syndicate of lenders (the “Lenders”) selected by the Lead Arrangers and the Company to provide commitments for the Facilities.  The Lead Arrangers will manage all aspects of the

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syndication in consultation with the Company, including selection of Lenders (with the approval of the Company; provided that such approval shall not be unreasonably withheld), determination of when the Lead Arrangers will approach potential Lenders, any naming rights and the final allocations of the commitments among the Lenders.  In connection with the syndication, the Lead Arrangers may elect to appoint certain Lenders to agency positions (such as co-agents) with the consent of the Company.  The Company will not appoint any Lender as an agent without the prior written consent of the Lead Arrangers.

The Company will take all such action as the Lead Arrangers may reasonably request to assist the Lead Arrangers in achieving a Successful Syndication until the earlier of (a) 120 days after the Closing Date or (b) achievement of a Successful Syndication.  Such assistance shall include, but not be limited to, (a) using commercially reasonable efforts to ensure that such syndication efforts materially benefit from the existing lending relationships of the Company; (b) providing the Lead Arrangers, promptly upon request, with all information that is available to the Company with respect to the Company, the Target, their respective subsidiaries (and the Acquisition and any other transactions contemplated hereby), and reasonably deemed necessary by the Lead Arrangers, including, but not limited to, information and projections (the “Projections”) prepared by the Company or its advisors; (c) the hosting, with the Lead Arrangers, of one or more meetings between the Company’s senior officers and representatives and the proposed Lenders, at times and places as the Lead Arrangers may reasonably request; and (d) assisting the Lead Arrangers in the preparation of a confidential information memorandum (“Confidential Information Memorandum”) and other marketing materials (together with the Confidential Information Memorandum, collectively, the “Marketing Materials”) to be used in connection with the syndication.

Clear Market

To ensure an orderly and effective syndication of the Facilities, from the date hereof until the earlier of (a) 120 days after the Closing Date, or (b) achievement of a Successful Syndication, the Company will not, and will not permit any of its affiliates or any other party acting on its behalf to, syndicate or issue, attempt to syndicate or issue, announce or authorize the announcement of the syndication or issuance of, or engage in discussions concerning the syndication or issuance of, any debt or credit facility or debt security (including any renewals thereof) in the commercial banking or private placement markets, in each case with respect to the Company, except as may be done with the prior written consent of the Lead Arrangers.

Information

The Company hereby represents and covenants that (a) all written information, including all Marketing Materials but excluding the Projections (collectively, the “Information”), that has been or will be made available to the Lead Arrangers by or on behalf of the Company or any of its representatives, is or will be, when furnished, complete and correct in all material respects, and does not or will not, when furnished, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein not materially misleading in light of the circumstances under which such statements

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are made, and (b) the Projections that have been or will be made available to the Lead Arrangers by or on behalf of the Company, or any of its representatives, have been or will be prepared in good faith based upon assumptions that are believed by management of the Company to be reasonable at the time made and at the time the related Projections are made available to the Lead Arrangers (it being recognized that such projections are not to be viewed as facts and that actual results during the period or periods covered by any such projections may differ from the projected results, such differences may be material and no assurance can be given that the projected results will be realized).  The Company agrees that, if at any time prior to the later of (i) the closing of the Facilities (the “Closing Date”), and (ii) the earlier of (A) 120 days after the Closing Date, or (B) the completion of a Successful Syndication, any of the representations in the preceding sentence would be incorrect if the Information and Projections were being furnished, and such representations were being made, at such time, then the Company will promptly supplement the Information and the Projections so that such representations will be correct in all material respects under those circumstances.  In arranging and syndicating the Facilities, the Lead Arrangers will be entitled to use and rely on the Information and the Projections without responsibility for independent verification thereof.

Fees

Upon acceptance of this Joint Commitment Letter, the Company agrees to pay (a) to KeyBank, Bank of America and MLPFS, for their respective accounts, the nonrefundable fees set forth in the fee letter among the Company, KeyBank, Bank of America and MLPFS of even date herewith (the “Lead Arrangers Fee Letter”), and (b) to Wells Fargo, for its account, the nonrefundable fees set forth in the fee letter among the Company, Wells Fargo and Wells Fargo Securities, LLC of even date herewith (the “Wells Fargo Fee Letter” and, together with the Lead Arrangers Fee Letter, collectively, the “Fee Letters”).  The terms of the Fee Letters are an integral part of the commitment and undertaking of KeyBank, Bank of America, Wells Fargo and MLPFS hereunder.  Payment by the Company of the fees described in the Fee Letters, and compliance by the Company with the terms thereof, are express conditions to any of the obligations of KeyBank, Bank of America, Wells Fargo and MLPFS under this Joint Commitment Letter.

Confidentiality

By accepting delivery of this Joint Commitment Letter, the Company agrees that neither this Joint Commitment Letter or the Fee Letters, nor any of the terms and conditions set forth or referred to herein or therein, shall under any circumstances be disclosed by the Company or its agents, representatives or advisors, directly or indirectly, to any other financial institution.  The Company further agrees that this Joint Commitment Letter and the Fee Letters are only for the confidential use of the Company, and that neither their existence nor any of the terms thereof will be disclosed by the Company to any person or entity, except that the Joint Commitment Letter and the Fee Letters may be disclosed (a) to the Company’s officers, directors, employees, accountants, majority shareholder, attorneys and other advisors on a “need to know” basis, each of whom will agree to keep the information set forth in this Joint Commitment Letter and the Fee Letters confidential, (b) to the extent required by law,

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regulation, or other applicable judicial or governmental order, (c) to the extent consented to by the Lead Arrangers, and (d) to the extent that such information becomes publicly available other than by reason of breach of the confidentiality provisions contained herein; provided that this Joint Commitment Letter may be shared (on a confidential basis) with the Sellers (as hereinafter defined) as part of the Company’s efforts to acquire the Target, each of whom will agree to keep the information set forth in this Joint Commitment Letter confidential; provided further that notwithstanding the foregoing, the Company may disclose this Joint Commitment Letter in any required filings, as determined by the Company in its reasonable discretion, with the Securities and Exchange Commission and other applicable regulatory authorities and stock exchanges.

All non-public information furnished by the Company to the Lead Arrangers, and clearly marked as such, shall be for the confidential use of the Lead Arrangers and of the prospective Lenders and each of their respective officers, directors, employees, attorneys and other advisors, in accordance with each Lead Arranger’s customary procedures for handling confidential information, except that any such confidential information may be disclosed (a) to the extent required by law, regulation, supervisory authority or other applicable judicial or governmental order, (b) to the extent such information becomes generally available to the public other than as a result of a disclosure by such Lead Arranger or its representatives, (c) to the attorneys, accountants, advisors, officers or other representatives of such Lead Arranger, and (d) to potential Lenders in connection with the syndication of the proposed financing so long as each such Lender has agreed to keep such information confidential on confidentiality terms comparable to those set forth in this paragraph.  Notwithstanding the foregoing, the Company acknowledges and agrees that the Lead Arrangers may share certain information relating to the transactions contemplated hereby with standard industry database companies (such as Loan Pricing Corporation, Standard & Poor’s LCD and Portfolio Management Data) in accordance with customary industry practice.

The Company agrees that neither the Lead Arrangers nor the Underwriting Lenders are providing accounting, tax or legal advice to the Company in connection with the Facilities or otherwise.  Notwithstanding anything in this Joint Commitment Letter, the Fee Letters or any other document executed in connection herewith or related hereto, the Company and the Lead Arrangers hereby agree that each of the Company and the Lead Arrangers (and each of their respective officers, directors, employees, accountants, attorneys and other advisors, agents and representatives) may disclose to any person or entity with taxing authority, without limitation of any kind, the U.S. tax treatment and U.S. tax structure of the transactions contemplated hereby and all materials of any kind (including opinions and other tax analyses) that are provided to any of them relating to such U.S. tax treatment and U.S. tax structure.

After the Closing Date, the Lead Arrangers, with the prior written consent of the Company, may place customary advertisements in financial and other newspapers and periodicals or on a home page or similar place for dissemination of information on the Internet or worldwide web as it may choose, and circulate similar promotional materials, including in the form of a “tombstone” or otherwise describing the names of the Company and its affiliates (or any of them), and the amount, type and Closing Date.

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Conditions Precedent

The Commitments hereunder and the agreements by the Lead Arrangers and the Underwriting Lenders to perform the services set forth herein are, in each case, subject to (a) the consummation of the Acquisition concurrently with the closing of the Facilities on the terms and conditions, and for a purchase price, set forth in the purchase agreement dated February 6, 2013, among the Target, Restaurant Holdings LLC - Series A, a Delaware limited liability company (“Restaurant Holdings”), Brinker Services Corporation, a Colorado corporation (“Brinker”), Mac Management Investors LLC, a Delaware limited liability company (“Mac Management Investors” and, collectively with Restaurant Holdings and Brinker, the “Sellers”), the Company, and Restaurant Holdings, as representative (the “Purchase Agreement”); (b) since the date of this Joint Commitment Letter, there shall not have been any Target Material Adverse Effect (as hereinafter defined); (c) the Company’s compliance, in all material respects, with the terms of this Joint Commitment Letter and the Fee Letters, including the payment in full of all fees, expenses and other amounts payable hereunder and under the Fee Letters; and (d) a closing of the Facilities on or before May 6, 2013 (such date, as the same may be extended by the Lead Arrangers and the Underwriting Lenders in writing in their sole discretion, the “Commitment Expiration Date”).  As used herein, “Target Material Adverse Effect” means the term “Material Adverse Effect”, as defined in the Purchase Agreement.

Notwithstanding anything in this Joint Commitment Letter, the Fee Letters or the agreements and other documentation for the Facilities to the contrary, (a) the only representations relating to the Company and its subsidiaries, the Target and its subsidiaries and their respective businesses, the accuracy of which shall be a condition to availability of the Facilities on the Closing Date, shall be the Specified Representations (as defined below), that shall be true and correct in all material respects (without duplication of any materiality qualifier applicable thereto); and (b) the terms of the Facilities shall be in a form such that they do not impair availability of the Facilities on the Closing Date if the conditions set forth in this Commitment Letter are satisfied (it being understood that to the extent any security interest in the intended collateral (other than any collateral the security interest in which may be perfected by the filing of a UCC financing statement or intellectual property security agreement or the delivery of stock certificates) is not perfected on the Closing Date after the use of commercially reasonable efforts to do so, the perfection of such security interest(s) will not constitute a condition precedent to the availability of the Facilities on the Closing Date, but such security interest(s) will be required to be perfected within 30 days after the Closing Date (unless a longer period is agreed to by KeyBank, as administrative agent, in writing).  As used herein, “Specified Representations” means the representations, as applicable to the Company and its Subsidiaries, relating to incorporation or formation; organizational power and authority to enter into the Loan Documents; due execution, delivery and enforceability of such Loan Documents; solvency on a consolidated basis as of the Closing Date; no conflicts of the Loan Documents with material laws or charter documents; Federal Reserve margin regulations; the Investment Company Act; use of proceeds and, subject to the limitations on perfection of security interests set forth in the preceding sentence, the creation and perfection of the security interests granted in the

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proposed collateral.  This paragraph, and the provisions herein, shall be referred to as the “Funds Certain Provisions”.

Indemnification

The Company agrees to indemnify and hold harmless the Lead Arrangers and the Underwriting Lenders, and their respective affiliates, partners, officers, directors, employees, agents, advisors, controlling persons, members and successors and assigns (each, an “Indemnified Person”) from and against any and all losses, claims, damages, liabilities and expenses to which any such Indemnified Person may become subject arising out of or in connection with this Joint Commitment Letter, the Fee Letters, the Acquisition, the Facilities or any related transaction, or any claim, litigation, investigation or proceeding relating to any of the foregoing, regardless of whether any such Indemnified Person is a party thereto (and regardless of whether such matter is initiated by a third party or the Company or any of its affiliates or equity holders), and to reimburse each such Indemnified Person upon demand for any reasonable legal or other reasonable out-of-pocket expenses incurred in connection with investigating or defending any of the foregoing; provided that the foregoing indemnity will not, as to any Indemnified Person, apply to losses, claims, damages, liabilities or related expenses to the extent they are found by a final, nonappealable judgment of a court of competent jurisdiction to arise from the willful misconduct or gross negligence of such Indemnified Person.  Notwithstanding any other provision of this Joint Commitment Letter, no Indemnified Person shall be liable for any indirect, special, punitive or consequential damages in connection with its activities related to the Facilities, this Joint Commitment Letter or the Fee Letters.  In addition, no Indemnified Person shall be liable for any damages arising from the use by unauthorized persons of Information, Projections or other material sent through electronic, telecommunications or other information transmission systems (including IntraLinks, SyndTrak or via e-mail) that are intercepted by such persons.

The Company agrees to reimburse the Lead Arrangers and the Underwriting Lenders from time to time for all reasonable out-of-pocket costs and expenses (including charges of legal counsel) incurred in connection with the Facilities and the preparation, negotiation and enforcement of this Joint Commitment Letter, the Fee Letters, the Loan Documents and the other definitive documentation for the Facilities, regardless of whether the transactions contemplated hereby are consummated or the Loan Documents are actually executed.  The Company hereby authorizes KeyBank to immediately incur such expenses, including, but not limited to, reasonable expenses of legal documentation.  It is understood and agreed by the Lead Arrangers and the Underwriting Lenders that, to the extent possible, the Facilities will be documented as an amendment to the existing credit documentation.

No Fiduciary Relationship; Affiliates

The Company acknowledges and agrees that no fiduciary, advisory or agency relationship between the Company and the Lead Arrangers (or the Underwriting Lenders) is intended to be or has been created in respect of any of the transactions contemplated by this Joint Commitment Letter, and the Company waives, to the fullest extent permitted by law, any claims the Company may have against the Lead Arrangers or the Underwriting Lenders (or

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any of their respective affiliates) for breach of fiduciary duty or alleged breach of fiduciary duty in connection with this Joint Commitment Letter, the Lead Arrangers Fee Letter, the Facilities or any transactions contemplated hereby or thereby, and agrees that none of the Lead Arrangers or the Underwriting Lenders, their respective affiliates or any other Indemnified Person shall have any liability (whether direct or indirect) to the Company in respect of such a fiduciary duty claim or to any person or entity asserting a fiduciary duty claim on behalf of or in right of the Company, including its equity holders, employees or creditors.

The Company acknowledges that the Lead Arrangers, the Underwriting Lenders, or any of their respective affiliates may provide financing, debt or equity capital, financial advisory and other services to parties whose interests may conflict with the interests of the Company.  Neither the Lead Arrangers, the Underwriting Lenders, nor any of their respective affiliates have any duty to disclose to the Company, or use for the benefit of the Company, any information acquired in the course of providing services to any other person or entity, or engaging in any other transaction or otherwise carrying on the business of the Lead Arrangers, the Underwriting Lenders or their respective affiliates.  Neither the Lead Arrangers, the Underwriting Lenders nor any of their respective affiliates have assumed any obligation to the Company other than as expressly provided herein.

The Company further acknowledges that KeyBank and its affiliates (and Bank of America and Wells Fargo, and their respective affiliates) are full service securities firms engaged in securities trading and brokerage activities as well as providing investment banking and other financial services.  In the ordinary course of business, KeyBank and its affiliates (and Bank of America and Wells Fargo, and their respective affiliates) may provide investment banking and other financial services to, and acquire, hold or sell, for its own accounts and the accounts of customers, equity, debt and other securities and financial instruments (including bank loans and other obligations) of, the Company and other legal entities with which the Company may have commercial or other relationships.  With respect to any securities or financial instruments so held by KeyBank or any of its affiliates (and Bank of America and Wells Fargo, and their respective affiliates) or any of their respective customers, all rights in respect of such securities and financial instruments, including any voting rights, will be exercised by the holder of the rights, in its sole discretion.

Assignments; Effectiveness

This Joint Commitment Letter and the Commitments and other undertakings hereunder are intended solely for the benefit of the Company and shall not be assignable by the Company without the prior written consent of the Lead Arrangers.  This Joint Commitment Letter may not be amended or any provision hereof waived or modified except in writing signed by the party against whom enforcement of the same is sought.  This Joint Commitment Letter may be executed in any number of counterparts, each of which shall be an original and all of which, when taken together, shall constitute one agreement.  Delivery of an executed counterpart of a signature page of this Joint Commitment Letter by facsimile transmission or other electronic transmission (including .pdf) shall be effective as delivery of a manually executed counterpart of this Joint Commitment Letter.  Section headings used herein are for

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convenience of reference only, are not part of this Joint Commitment Letter and are not to affect the construction of, or to be taken into consideration in interpreting, this Joint Commitment Letter.  This Joint Commitment Letter is intended to be solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any person or entity other than the parties hereto.  By executing this Joint Commitment Letter, the Company acknowledges that this Joint Commitment Letter and the Fee Letters are the only agreements between the Company, the Lead Arrangers and the Underwriting Lenders, as the case may be, with respect to the Facilities (other than the Loan Documents to be executed on the Closing Date in connection with the Facilities) and set forth the entire understanding of the parties with respect to the subject matter thereof.

Governing Law

This Joint Commitment Letter and the Fee Letters shall be governed by, and construed in accordance with, the laws of the State of New York, without regard to principles of conflicts of laws that would result in the application of the laws of any other jurisdiction; provided that (a) the interpretation of the definition of Target Material Adverse Effect and the determination of whether there shall have occurred a Target Material Adverse Effect, (b) the determination of whether the Acquisition has been consummated as contemplated by the Purchase Agreement, and (c) the determination of whether the representations and warranties made by the Target in the Purchase Agreement are accurate, and whether any inaccuracy thereof entitles the Company to terminate its obligations under the Purchase Agreement or not to consummate the Acquisition, shall be determined in accordance with the laws of the State of Delaware without regard to principles of conflicts of laws that would result in the application of the laws of any other jurisdiction.

Acceptance and Termination

If the foregoing correctly sets forth the agreement of the Company and the Lead Arrangers, please indicate the Company’s acceptance of the terms hereof by returning an executed counterpart of this Joint Commitment Letter and the Fee Letters not later than 5:00 p.m., Central Time, on February 7, 2013, at which time this Joint Commitment Letter and the Commitments and other undertakings hereunder, if not so accepted prior thereto, will automatically expire.

The Commitments and the undertakings of KeyBank, Bank of America, Wells Fargo, and MLPFS in this Joint Commitment Letter will terminate on the Commitment Expiration Date.  Notwithstanding anything in the preceding sentence or elsewhere in this Joint Commitment Letter to the contrary, the provisions set forth above under “Confidentiality”, “Indemnification” and “Governing Law”, and the Jury Trial Waiver shall remain in full force and effect regardless of whether the Closing Date occurs and notwithstanding any termination of this Joint Commitment Letter.

PATRIOT Act

The Lead Arrangers and the Underwriting Lenders hereby notify the Company that, pursuant to the requirements of the USA PATRIOT Improvement and Reauthorization Act, Pub. L.

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109-177 (signed into law March 9, 2006) (as amended from time to time, the “Patriot Act”), each Lender is required to obtain, verify and record information that identifies the Company and its affiliates, which information includes the name, address, tax identification number and other information that will allow such Lenders to identify the Company and its affiliates in accordance with the Patriot Act.  This notice is given in accordance with the requirements of the Patriot Act and is effective as to the Lead Arrangers and the Lenders. The Company agrees that the Lead Arrangers shall be permitted to share any or all such information with the Lenders.

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This Joint Commitment Letter shall not be effective until executed by the Company, KeyBank, Bank of America, Wells Fargo and MLPFS.

EACH PARTY HERETO IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS JOINT COMMITMENT LETTER, THE LEAD ARRANGERS FEE LETTER, THE WELLS FARGO FEE LETTER OR THE TRANSACTIONS CONTEMPLATED HEREBY.

The Lead Arrangers and the Underwriting Lenders are pleased to have been given the opportunity to assist the Company in this important transaction.

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IGNITE RESTAURANT GROUP, INC.

Summary of Terms and Conditions

$100,000,000 5-Year Senior Secured Revolving Credit Facility

$50,000,000 5-Year Senior Secured Term Loan Facility

This Summary of Terms and Conditions is intended as an outline of certain of the material terms of the proposed senior secured credit facilities and does not purport to summarize all of the conditions, covenants, representations, warranties and other provisions that would be contained in definitive documentation for the proposed senior secured credit facilities contemplated hereby.  This Summary of Terms and Conditions is provided for internal purposes only and is not to be disclosed to outside third parties (with the exception of the Borrower’s legal and financial advisors) without the consent of the Lead Arrangers.

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