Information Regarding Transfer Restrictions on Certain Shares of Del Taco Common Stock

Transfer Restrictions

There are currently 3,750,000 shares of common stock of Del Taco Restaurants, Inc. (the “Company”) outstanding that were issued prior to the Company’s initial public offering and designated as founder shares (“Founder Shares”). The Founder Shares are not transferable, except to certain limited transferees, until the earlier of (i) June 30, 2016, (ii) the date the last sale price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-day trading day period commencing on or after November 27, 2015 or (iii) the date the Company consummates a liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property.

In furtherance of the restrictions on transfer of the Founder Shares highlighted in the paragraph above, the Founder Shares are subject to an escrow agreement whereby Continental Stock Transfer & Trust Company (the “Transfer Agent”) will hold the Founder Shares in escrow until the restrictions on transfer in the paragraph above expire.

Levy Acquisition Sponsor, LLC, Company directors and their affiliates own approximately two-thirds (2/3) of the Founder Shares.

All other transfer restrictions related to the Company’s business combination completed on June 30, 2015 and secondary offering completed on October 30, 2015 have expired or lapsed.

Legend Removal

Stockholders holding shares of common stock that are no longer subject to lock-ups and who wish to transfer shares should contact the Transfer Agent to have transfer restriction legends removed. The contact information for the transfer agent is:

Continental Stock, N.A.
17 Battery Place
New York, NY 10004
Attn: Henry Farrell
212.845.3277

The information provided in this Summary is current as of January 25, 2016 and is subject to change. The Company does not undertake any obligation to update the information provided in this summary.