Document:

EXHIBIT 4.3

AMENDMENT NO. 1

TO

WARRANT AGREEMENT

 

THIS AMENDMENT is made and

entered into effective September 12, 2002, by and between Granite City Food

& Brewery Ltd. (f/k/a Founders Food & Firkins Ltd.), a Minnesota

corporation (the “Company”), and Wells Fargo Bank Minnesota, National

Association (f/k/a Norwest Bank Minnesota, National Association), as the

Warrant Agent (the “Warrant Agent”).

 

WHEREAS, the Company

appointed the Warrant Agent to provide certain services in connection with and

following the Company’s initial public offering of units, each unit consisting

of one share of common stock and one redeemable Class A Warrant to purchase one

share of common stock (“Warrant”);

 

WHEREAS, the Company and the

Warrant Agent entered into an agreement (the “Warrant Agreement”) with respect

to such appointment on June 6, 2000;

 

WHEREAS, the Company has

reprinted the certificates representing its units, common stock and Warrants to

reflect the new name of the Company and the new name of the Warrant Agent; and

 

WHEREAS, the Company wishes

to amend the Warrant Agreement to reflect the foregoing change in the

certificates representing its Warrants;

 

NOW, THEREFORE, in

consideration of the premises and agreements set forth herein, the parties

hereto agree to restate Exhibit A of the Warrant Agreement as attached hereto.

 

IN WITNESS WHEREOF, this

Amendment has been duly executed by the parties hereto effective as of the day

and year first above written.

 

	

  GRANITE CITY FOOD & BREWERY LTD.

  
	

   

  	

   

  
	

  By

  	

  /s/ Mitchel I. Wachman

  
	

   

  	

  Mitchel I. Wachman

  
	

   

  	

  Chief Financial Officer

  
	

   

  	

   

  
	

  WELLS FARGO BANK MINNESOTA,

  
	

  NATIONAL ASSOCIATION

  
	

   

  	

   

  
	

  By

  	

  /s/ Barbara M. Novak

  
	

   

  	

  Barbara M. Novak

  
	

   

  	

  Account Manager

  

 

 

EXHIBIT

A

 

THIS

WARRANT CERTIFICATE MAY BE TRANSFERRED SEPARATELY FROM THE COMMON STOCK

CERTIFICATE WITH WHICH IT IS INITIALLY ISSUED

 

EXERCISABLE

ON OR BEFORE, AND VOID AFTER, 5:00 P.M. MINNEAPOLIS TIME, ON JUNE 6, 2005

 

	

  No.

  W–

  	

   

  	

  Warrants

   

  CUSIP 38724Q 11 5

  

 

GRANITE CITY FOOD &

BREWERY LTD.

 

INCORPORATED UNDER THE LAWS OF THE STATE OF MINNESOTA

 

WARRANTS TO PURCHASE COMMON STOCK

 

THIS CERTIFIES THAT

                                                                             or

assigns, is the owner of the number of Warrants set forth above, each of which

represents the right to purchase from GRANITE CITY FOOD & BREWERY LTD., a

Minnesota corporation (the “Company”), at any time on or before 5:00 p.m.,

Minneapolis time, on June 6, 2005, upon compliance with and subject to the

conditions set forth herein and in the Warrant Agreement hereinafter referred

to, one share (subject to adjustments referred to below) of common stock of the

Company (the “Shares”), by surrendering this Warrant Certificate, with the

purchase form on the reverse side duly executed, at the principal office of

Wells Fargo Bank Minnesota, National Association, or its successor, as warrant

agent (the “Warrant Agent”), and by paying, in full, in cash or by certified

check payable to the order of the Company, the purchase price of $5.00 per

Share, subject to adjustment.

Upon any exercise of less

than all the Warrants evidenced by this Warrant Certificate, there shall be

issued to the holder a new Warrant Certificate in respect of the Warrants as to

which this Warrant Certificate was not exercised.

Upon the surrender for

transfer or exchange hereof, properly endorsed, to the Warrant Agent, the

Warrant Agent (at the Company’s expense) will issue and deliver to the order of

the holder hereof, a new Warrant Certificate or Warrant Certificates of like

tenor, in the name of such holder or as such holder (upon payment by such

holder of any applicable transfer taxes) may direct, calling in the aggregate

on the face thereof for the number of Shares called for on the face hereof.

The Warrant Certificates are

issued only as registered Warrant Certificates.  Until this Warrant Certificate is transferred in the Warrant

Register, the Company and the Warrant Agent may treat the person in whose name

this Warrant Certificate is registered as the absolute owner hereof and of the

Warrants represented hereby for all purposes, notwithstanding any notice to the

contrary.

This Warrant Certificate is

issued under the Warrant Agreement dated as of June 6, 2000, between the

Company and the Warrant Agent and is subject to the terms and provisions

contained in said Warrant Agreement, to all of which terms and provisions the

registered holder of this Warrant Certificate consents by acceptance

hereof.  Copies of said Warrant

Agreement are on file at the principal office of the Warrant Agent in South St.

Paul, Minnesota, and may be obtained by written request to the Warrant Agent.

The number of Shares

receivable upon the exercise of the Warrants represented by this Warrant

Certificate and the purchase price per Share are subject to adjustment upon the

happening of certain events specified in the Warrant Agreement (which

provisions are contained in Article III of the Warrant Agreement and are hereby

incorporated by reference).

 

2

 

No fractional Shares will be

issued upon the exercise of Warrants. 

As to any final fraction of a Share which a holder of Warrants exercised

in the same transaction would otherwise be entitled to purchase on such

exercise, the Company shall pay a cash adjustment in lieu of any fractional Share

determined as provided in the Warrant Agreement.

The Warrants may be redeemed

by the Company at any time, upon notice of such redemption as set forth below,

at the redemption price equal to $0.01 per Warrant, provided that the closing

bid price of the Shares on the Nasdaq system exceeds $6.25 per Share (subject

to adjustment as provided in the Warrant Agreement) for any 45 consecutive

trading days prior to the date such notice of redemption is given.  Notice of redemption shall be mailed not

less than 20 days prior to the date fixed for redemption to the holders of

Warrants at their last registered addresses. 

If notice of redemption shall have been given as provided in the Warrant

Agreement and cash sufficient for the redemption shall have been deposited by

the Company for that purpose, the exercise rights of the Warrants identified

for redemption shall expire at the close of business on such date of redemption

unless extended by the Company.

This Warrant Certificate

shall not entitle the holder hereof to any of the rights of a holder of Shares,

including, without limitation, the right to vote, to receive dividends and

other distributions, to exercise any preemptive right, or to receive any notice

of or to attend meetings of holders of Shares or any other proceedings of the

Company.

Shares may not be issued to

holder upon exercise of this Warrant if, at the time of exercise, a

registration statement with respect to such Shares is not effective under the

Securities Act or if the Shares underlying the Warrant are not qualified or

exempt from qualification in the state wherein the holder of the Warrant

resides.

This Warrant Certificate

shall be void and the Warrants and any rights represented hereby shall cease

unless exercised on or before 5:00 p.m., Minneapolis time, on June 6, 2005.

This Warrant Certificate

shall not be valid for any purpose until it shall have been countersigned by

the Warrant Agent.

 

WITNESS

the facsimile signatures of the Company’s duly authorized officers.

 

	

  Dated:

  	

   

  	

   

  	

  GRANITE

  CITY FOOD & BREWERY LTD.

  
	

   

  	

   

  	

   

  
	

   

  	

  By

  	

   

  
	

   

  	

   

  	

  Steven

  J. Wagenheim

  
	

   

  	

   

  	

  Chief

  Executive Officer

  

 

	

  Attest:

  
	

   

  
	

  Mitchel

  I. Wachman, Secretary

  
	

   

  
	

  COUNTERSIGNED

  AND REGISTERED:

  
	

  WELLS

  FARGO BANK MINNESOTA, N.A.

  
	

  as Warrant Agent

  
	

  By

  	

   

  
	

   

  	

  Authorized Signature

  

 

3

 

The Articles of Incorporation of the Corporation

grant to the Board of Directors the power to establish more than one class or

series of shares and to fix the relative rights and preferences of any such

different class or series.  The

Corporation will furnish to any shareholder upon request and without charge a

full statement of the designation, preferences, limitations and relative rights

of the shares of each class or series authorized to be issued, so far as they

have been determined, and the authority of the Board to determine the relative

rights and preferences of subsequent classes or series.

 

PURCHASE FORM

 

(To Be Executed by the Registered Holder in Order to Exercise the

Warrant)

 

The undersigned hereby

irrevocably elects to exercise

                           *

of the Warrants represented by this Warrant Certificate and to purchase for

cash the Shares issuable upon the exercise of said Warrants, and herewith makes

payment of

$                

therefor, and requests that certificates for such Shares be issued in the name

of

 

	

  PLEASE

  INSERT SOCIAL SECURITY OR

  	

   

  	

   

  
	

  OTHER

  IDENTIFYING NUMBER OF

  	

   

  	

  (Print Name)

  
	

  REGISTERED

  HOLDER OF CERTIFICATE

  	

   

  	

   

  
	

   

  	

   

  	

  (Address)

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  (City, State, Zip Code)

  
	

   

  	

   

  	

   

  
	

  Dated:

  	

   

  	

   

  	

  (Signature)

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  (Signature)

  
				

*              Insert here the number of Warrants

evidenced on the face of this Warrant Certificate (or, in the case of a partial

exercise, the portion thereof being exercised) without making any adjustment

for additional Shares or any other securities or property or cash which,

pursuant to the adjustment provisions referred to in this Warrant Certificate,

may be deliverable upon exercise.

 

NOTICE

 

The Signature(s) to the Purchase Form must correspond to the

name(s) as written upon the face of this Warrant Certificate in every

particular without alteration or enlargement or any damage whatsoever.

 

ASSIGNMENT FORM

(To Be Executed by the Registered Holder in Order to Transfer the

Warrant)

FOR VALUE RECEIVED, the

undersigned hereby sells, assigns and transfers

                               **

of the Warrants represented by this Warrant Certificate unto

 

	

  PLEASE

  INSERT SOCIAL SECURITY OR

  	

   

  	

   

  
	

  OTHER

  IDENTIFYING NUMBER OF

  	

   

  	

  (Print Name)

  
	

  REGISTERED

  HOLDER OF CERTIFICATE

  	

   

  	

   

  
	

   

  	

   

  	

  (Address)

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  (City, State, Zip Code)

  

 

and

does hereby irrevocably constitute and appoint

                                                                

Attorney to transfer this Warrant on the records of the Company with full power

of substitution in the premises.

 

	

  Dated:

  	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  	

  (Signature)

  

 

4

 

	

   

  	

   

  	

   

  
	

   

  	

   

  	

  (Signature)

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

  (Signature(s) Guaranteed)

  

**           Insert here the number of Warrants

evidenced on the face of this Warrant Certificate (or, in the case of a partial

assignment, the portion thereof being assigned) without making any adjustment

for additional Shares or any other securities or property or cash which,

pursuant to the adjustment provisions referred to in this Warrant Certificate,

may be deliverable upon exercise.

 

NOTICE

 

The Signature(s) to the Assignment Form must correspond to

the name(s) as written upon the face of this Warrant Certificate in every

particular without alteration or enlargement or any damage whatsoever.

 

5EXHIBIT 4.4

 

GRANITE CITY FOOD & BREWERY LTD.

INCORPORATED UNDER THE LAWS OF THE STATE OF MINNESOTA

 

Number 

U-                                                                                                                                                                    Units       

 

Units consisting

of One Share of Common Stock and One Redeemable Class A Warrant

to Purchase One

Share of Common Stock

 

Unit CUSIP 38724Q 20 6

 

THIS CERTIFIES THAT

 

or assigns

 

is the owner of the number of Units set forth above.

 

Each Unit consists of one share of Granite City Food

& Brewery Ltd.  Common Stock $.01

par value (“Common Stock”) and one Redeemable Class A Warrant (“Warrant”) to

purchase one share of Common Stock for $5.00 per share, subject to adjustment,

at any time on or after August 5, 2001, and before 5:00 P.M. Minneapolis

time on June 6, 2005 (the “Expiration Date”). 

The terms of the Warrants are governed by a Warrant Agreement dated as

of June 6, 2000 between the Company and Wells Fargo Bank Minnesota, N.A. as

Warrant Agent and are subject to the terms and conditions contained therein, to

all of which terms and conditions the holder of this Unit Certificate consents

by acceptance hereof.  The Warrants

shall be void unless exercised before 5:00 P.M. Minneapolis time on the

Expiration Date.

 

This Unit Certificate is not valid unless

countersigned by the Transfer Agent and Registrar.

 

The Warrants and Common Stock represented by this Unit

Certificate shall be nondetachable and shall not be separately transferable

until August 5, 2001.

 

	

  Dated:

  	

   

  	

  GRANITE CITY FOOD &

  BREWERY LTD.

  
	

   

  	

   

  	

   

  
	

  COUNTERSIGNED AND

  REGISTERED

  	

   

  	

  By

  
	

   

  	

   

  	

   

  
	

  WELLS FARGO BANK

  MINNESOTA, N.A.

  	

   

  	

   

  
	

  as Transfer Agent and Registrar

  	

   

  	

  CHIEF EXECUTIVE OFFICER

  
	

   

  	

   

  	

   

  
	

  By

  	

   

  	

  Attest:

  
	

   

  	

   

  	

   

  
	

  AUTHORIZED SIGNATURE

  	

   

  	

  SECRETARY

  

 

 

The Articles of

Incorporation of the Corporation grant to the Board of Directors the power to

establish more than one class of series of shares and to fix the relative

rights and preferences of any such different class or series.  The Corporation will furnish to any

shareholder upon request and without charge a full statement of the

designation, preferences, limitations and relative rights of the shares of each

class or series authorized to be issued, so far as they have been determined,

and the authority of the Board to determine the relative rights and preferences

of subsequent classes or series.

 

UNIT

PROVISIONS

 

This certificate

certifies that for value received the registered holder hereby is entitled, at

any time on or after August 5, 2001, to exchange this Unit Certificate for one

Common Stock Certificate and one Warrant Certificate upon surrender of this

Unit Certificate to the Transfer Agent at the office of the Transfer Agent

together with any documentation required by such Transfer Agent.  At any time on or after August 5, 2001, and

before 5:00 P.M. Minneapolis Time on the Expiration Date, upon surrender of the

Warrant Certificate at the office of the Warrant Agent for the Warrants, with

the Purchase Form on the reverse side thereof completed and duly executed and

accompanied by payment, in cash or check payable to the Warrant Agent for the

account of the Corporation, the registered holder of such Warrant Certificate

shall be entitled to purchase from the Corporation one share of Common Stock

for each Warrant represented by the Warrant Certificate, which shares shall be

fully paid and non-assessable, at the exercise price of $5.00.  The exercise price and the number of shares

purchaseable upon exercise of each Warrant are subject to adjustment upon the

occurrence of certain events set forth in the Warrant Agreement.

 

After 5:00 P.M., Minneapolis Time on June 6, 2005, the

Warrants shall become null and void and of no value.

 

REFERENCE IS MADE TO THE WARRANT AGREEMENT REFERRED TO

ON THE REVERSE SIDE HEREOF, AND THE PROVISIONS OF SUCH WARRANT AGREEMENT SHALL

FOR ALL PURPOSES HAVE THE SAME EFFECT AS THOUGH FULLY SET FORTH ON THE FRONT OF

THIS CERTIFICATE.

 

The Warrant shall be governed by and construed in

accordance with the laws of the State of Minnesota.

 

The following abbreviations, when used in the

inscription on the face of this certificate shall be construed as though they

were written out in full according to applicable laws or regulations:

 

	

   TEN COM

  	

  —

  	

  as

  tenants in common

  	

   UNIF GIFT MIN ACT

  	

  —

  	

  Custodian

  
	

   TEN ENT

  	

  —

  	

  as

  tenants by the entireties

  	

   

  	

   

  	

  (Cust)                                    (Minor)

  
	

   JT TEN 

  	

  —

  

  	

  as

  joint tenants with right of survivorship  and not as tenants in common 

  	

   

  	

   

  	

  under

  Uniform Gifts to Minors  Act 

  
	

   COM PROP

  	

  —

  	

  as

  community property

  	

   

  	

   

  	

  (State)

  
	

   

  	

   

  	

   

  	

   UNIF TRF MIN ACT

  	

  —

  	

  Custodian

  (until age           )

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

  (Cust)

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

  under

  Uniform Transfers

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

  (Minor)

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

  to

  Minors Act

  
	

   

  	

   

  	

   

  	

   

  	

   

  	

                                    (State)

  

 

Additional abbreviations may also be used though not

in the above list.

 

For Value Received,

                      

hereby sell, assign and transfer unto

 

2

 

	

  PLEASE INSERT SOCIAL

  SECURITY OR OTHER

  
	

  IDENTIFYING NUMBER OF

  ASSIGNEE

  
	

   

  

 

 

	

   

  
	

  (PLEASE PRINT OR

  TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)

  
	

   

  
	

   

  
	

   

  	

   

  
	

   

  	

  Unit(s)

  
	

  represented by the

  within Unit Certificate, and do hereby irrevocably constitute and appoint

  
	

   

  
	

   

  	

  Attorney

  
	

  to transfer the said

  Unit(s) on the books of the within named Corporation with full power of

  substitution in the premises.

  
			

 

	

  Dated

  	

   

  

 

	

   

  	

   

  	

   

  
	

  NOTICE: 

  	

   

  	

  THE SIGNATURE TO THIS

  ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE

  CERTIFICATE, IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY

  CHANGE WHATEVER.

  

 

	

  IMPORTANT:

  	

   

  	

  ALL SIGNATURES MUST BE

  GUARANTEED IN THE SPACE PROVIDED BELOW BY A FIRM THAT IS A MEMBER OF A

  NATIONAL SECURITIES EXCHANGE OR OF THE NATIONAL ASSOCIATION OF SECURITIES

  DEALERS, INC. OR BY A COMMERCIAL BANK OR TRUST COMPANY LOCATED IN THE UNITED

  STATES.

  

 

	

  SIGNATURE GUARANTEE:

  
	

   

  	

   

  
	

  Name:

  	

   

  
	

   

  	

  (Please print)

  
	

   

  	

   

  
	

  By:

  	

   

  
	

   

  	

   

  
	

   

  	

   

  
	

  Title:

  	

   

  

 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00043-of-00352.parquet"}]]