Document:

EX-10.1

 Exhibit 10.1 

WAIVER AND SECOND AMENDMENT TO 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

This WAIVER AND SECOND AMENDMENT TO THIRD AMENDED AND RESATTED CREDIT AGREEMENT (this “Agreement”), dated as of
June 10, 2016 is entered into by and among FAMOUS DAVE’S OF AMERICA, INC., a Minnesota corporation, D&D OF MINNESOTA, INC., a Minnesota corporation, LAKE & HENNEPIN BBQ AND BLUES, INC., a Minnesota
corporation, FAMOUS DAVE’S RIBS, INC., a Minnesota corporation, FAMOUS DAVE’S RIBS-U, INC., a Minnesota corporation, and FAMOUS DAVE’S RIBS OF MARYLAND, INC., a Minnesota corporation (each individually a
“Borrower” and collectively, the “Borrowers”), WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent on behalf of the Lenders under the Credit Agreement (as hereinafter defined) (in such capacity,
the “Administrative Agent”), and the Lenders. 
 RECITALS 

A. The Borrowers, certain banks and financial institutions from time to time party thereto (the “Lenders”) and the
Administrative Agent are parties to that certain Third Amended and Restated Credit Agreement, dated as of May 8, 2015 (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit
Agreement”; capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement, as amended hereby) and the other Loan Documents executed in connection therewith. 

B. The Borrowers have informed the Administrative Agent that they have failed to comply with (i) the Consolidated Cash Flow Ratio
financial covenant under Section 14.02 of the Credit Agreement as of the fiscal quarter ending April 3, 2016 (the “Consolidated Cash Flow Ratio Event of Default”) and (ii) the Minimum Consolidated EBITDA financial
covenant under Section 14.05 of the Credit Agreement as of the fiscal quarter ending April 3, 2016 (the “Minimum Consolidated EBITDA Event of Default”; together with the Consolidated Cash Flow Ratio Event of Default,
collectively, the “Existing Events of Default”). 
 C. The Borrowers have requested that the Lenders agree to
(i) waive the Existing Events of Default and (ii) make certain amendments to the Credit Agreement. 
 D. The Lenders have agreed
to do so, but only pursuant to the terms and conditions set forth herein. 
 AGREEMENT 

NOW, THEREFORE, in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows: 
 1. Waiver of Existing Events of Default. Subject to the terms and conditions
set forth herein, the Administrative Agent and the Lenders hereby waive the Existing Events of Default; provided that the foregoing waiver shall not be deemed to modify or affect the obligations of the Borrowers to comply with each and every
other obligation, covenant, duty or agreement under the Loan Documents and all other instruments, documents and agreements issued, executed or delivered in connection with the Loan Documents, in each case as amended. This waiver is a one-time
waiver and shall not be construed to be a waiver of, or in any way obligate the Administrative Agent or the Lenders to waive, any other Default or Event of Default under the Loan Agreement or the other Loan Documents that have occurred or that may
occur from and after the date hereof. 

 2. Estoppel, Acknowledgement and Reaffirmation. Each of the Borrowers hereby acknowledges
and agrees that, as of June 10, 2016, the aggregate amount of the Total Converted Term Loan Outstandings and Total Revolving Credit Outstandings Loans was not less than $12,649,377, which amount constitutes a valid and subsisting obligation of
the Borrowers to the Lenders that is not subject to any credits, offsets, defenses, claims, counterclaims or adjustments of any kind. Each of the Borrowers hereby acknowledges the existence and continuance of the Existing Events of Default and
acknowledges that such Existing Events of Default have not been waived or cured prior to the date hereof. Each of the Borrowers hereby acknowledges its obligations under the Loan Documents, reaffirms that each of the Liens and security interests
created and granted in or pursuant to the Loan Documents is valid and subsisting and agrees that this Agreement shall in no manner impair or otherwise adversely affect such obligations, Liens or security interests, except as explicitly set forth
herein. 
 3. Amendments to Credit Agreement. Subject to the terms and conditions set forth herein, effective as of the Effective
Date, the Credit Agreement is hereby amended as follows: 
 (a) Section 1.01 of the Credit Agreement is hereby amended
by adding the following definitions in their correct alphabetical order: 
 “California Litigation Surety
Bond” means that certain surety bond issued for Famous Dave’s by one or more sureties mutually acceptable to the Borrowers and the Administrative Agent or a cash collateral deposit posted by the Borrowers in connection with that
certain action titled Famous Dave’s of America, Inc. v. SR el Centro FD, Inc., et al., Case No. BC589329, in the Superior Court of the State of California, County of Los Angeles, Central Division. 

“Cash Collateral Deposit” means an amount equal to $1,202,250 pledged and deposited by one of the Borrowers
with the Administrative Agent pursuant to the Cash Collateral Security Agreement. 
 “Cash Collateral Security
Agreement” means that certain Pledge Agreement dated on or about the Second Amendment Effective Date by and between the appropriate Borrower and the Administrative Agent. 

“Second Amendment Effective Date” means June 10, 2016. 

(b) The definition of “Applicable Margin” in Section 1.01 is hereby amended and restated in its entirety to read
as follows: 
 “Applicable Margin” means, for all Loans the applicable percentage set forth below: 

 

					
	 Applicable Margin

for Eurodollar Rate

Loans (bps)
	  	 Applicable Margin

for Base Rate Loans
	 	 Applicable Margin

for Commitment

Fees

	 3.25%
	  	1.75%	 	0.500%

 (c) The definition of “Availability Period” in Section 1.01 is hereby amended
and restated in its entirety to read as follows: 

  
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 “Availability Period” means the period from and including the
Closing Date to the date immediately prior to the Second Amendment Effective Date. 
 (d) The definition of “Converted
Term Loan Maturity Date” in Section 1.01 is hereby amended and restated in its entirety to read as follows: 

“Converted Term Loan Maturity Date” means December 31, 2017. 

(e) The definition of “Growth Capital Expenditures” in Section 1.01 is hereby amended and restated in its
entirety to read as follows: 
 “Growth Capital Expenditures” means Capital Expenditures related to the
remodeling of any existing Restaurants during any fiscal year. 
 (f) The definition of “Letter of Credit Expiration
Date” is hereby amended and restated in its entirety to read as follows: 
 “Letter of Credit Expiration
Date” means the date immediately prior to the Second Amendment Effective Date. 
 (g) The definition of
“Revolving Credit Maturity Date” in Section 1.01 is hereby amended and restated in its entirety to read as follows: 

“Revolving Credit Maturity Date” means December 31, 2017. 

(h) Section 2.04(b) of the Credit Agreement is hereby amended by (i) replacing the reference therein to “First
Amendment Effective Date” with a reference to “Second Amendment Effective Date” and (ii) replacing the reference therein to “$150,000” with a reference to “$200,000”. 

(i) Section 7.01 of the Credit Agreement is hereby amended by adding the following new clause (j): 

(j) Liens in the form of cash collateral in an amount not to exceed $280,000 to secure the California Litigation Surety Bond.

 (j) Section 14.02 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

As of the end of any fiscal quarter, the Consolidated Cash Flow Ratio for the Reference Period then ended shall not be less
than the ratio set forth opposite such fiscal quarter: 
  

			
	 Fiscal Quarter
	  	 Ratio

	FQ3 2015	  	1.35:1.00
	FQ4 2015	  	1.20:1.00
	FQ1 2016	  	1.15:1.00
	FQ2 2016 and thereafter	  	1.15:1.00

  
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 (k) Section 14.03 of the Credit Agreement is hereby amended and restated in
its entirety as follows: 
 No Borrower shall, nor shall any Borrower permit any Subsidiary to, directly or indirectly make
or become legally obligated to make (i) for the fiscal quarter ending June 30, 2016, any Growth Capital Expenditures and (ii) for each fiscal year thereafter, Growth Capital Expenditures costing in excess of $1,000,000 in the
aggregate for the Borrowers and their Subsidiaries during any such fiscal year; provided, that that in each case, the Borrowers shall have at least $2,000,000 in unrestricted cash at the time of the making of any such Growth Capital
Expenditure and after giving effect thereto. 
 (l) Section 14.04(a) of the Credit Agreement is hereby amended and
restated in its entirety as follows: 
 (a) [Reserved] 

(m) Section 14.05 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

As of the end of each fiscal quarter referenced in the table below, Consolidated EBITDA for such fiscal quarter then ended
shall not be less than the minimum amount set forth opposite such fiscal quarter: 
  

			
	 Fiscal Quarter
	  	 Minimum Consolidated

EBITDA

	 FQ2 2016
	  	$2,300,000
	 FQ3 2016
	  	$1,500,000
	 FQ4 2016
	  	$1,400,000

 4. Amendment Fee. In consideration of the agreements set forth herein, the Borrowers shall pay to the
Administrative Agent, for the ratable benefit of the Lenders, an amendment fee in the amount of $20,000, which fee shall be fully-earned, non-refundable, due and payable on and as of the Effective Date (the “Amendment Fee”). 

5. Payment of Fees and Expenses. Upon demand therefor, the Borrowers shall reimburse the Administrative Agent for all fees and expenses
of the Administrative Agent (including without limitation, all fees and expenses of counsel to the Administrative Agent) incurred in connection with the Loan Documents, including without limitation this Agreement. 

6. Effectiveness. This Agreement shall become effective as of the date hereof (the “Effective Date”) when, and only
when, each of the following conditions shall have been satisfied or waived, as determined by the Administrative Agent in its sole discretion: 

(a) The Administrative Agent shall have received counterparts of this Agreement duly executed by each of the Borrowers and the
Administrative Agent. 
 (b) The Administrative Agent shall have received the Amendment Fee. 

(c) The Administrative Agent shall have received (i) the Cash Collateral Deposit and (ii) the Cash Collateral
Security Agreement duly executed by the appropriate Borrower. 

  
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 (d) The Administrative Agent shall have received reimbursement from the Borrowers
for all reasonable and documented fees and out-of pocket costs of the Administrative Agent (including without limitation reasonable fees and costs of counsel) incurred in connection with the Loan Documents and this Agreement. 

7. Incorporation of Agreement. Except as specifically modified herein, the terms of the Credit Agreement and the other Loan Documents
shall remain in full force and effect. The execution, delivery and effectiveness of this Agreement shall not operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders under the Credit Agreement or the other Loan
Documents, or constitute a waiver or amendment of any provision of the Credit Agreement or the other Loan Documents, except as expressly set forth herein. The breach of any provision or representation under this Agreement shall constitute an
immediate Event of Default under each of the Credit Agreement, and this Agreement shall constitute a Loan Document. 
 8. Representations
and Warranties. Each of the Borrowers represents and warrants to the Administrative Agent and the Lenders as follows: 

(a) Other than the Existing Events of Default, no default or Event of Default exists under the Loan Documents on and as of the
Effective Date. 
 (b) After giving effect to this Agreement, the representations and warranties of such Borrower contained
in the Loan Documents are true, accurate and complete on and as of the Effective Date to the same extent as though made on and as of such date except to the extent such representations and warranties specifically relate to an earlier date. 

(c) Such Borrower has the full power and authority to enter, execute and deliver this Agreement and perform its obligations
hereunder, under the Credit Agreement, and under each of the Loan Documents. The execution, delivery and performance by such Borrower of this Agreement, and the performance by such Borrower of the Credit Agreement and each other Loan Document are
within such Borrower’s powers and have been authorized by all necessary corporate, limited liability or partnership action of such Borrower. 

(d) This Agreement has been duly executed and delivered by such Borrower and constitutes the Borrower’s legal, valid and
binding obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’
rights generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity). 

(e) No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental
authority or third party is required in connection with the execution, delivery or performance by such Borrower of this Agreement. 

(f) The execution and delivery of this Agreement does not (i) violate, contravene or conflict with any provision of such
Borrower’s organization documents or (ii) materially violate, contravene or conflict with any laws applicable to such Borrower. 

9. Release. In consideration of the Bank’s willingness to enter into this Agreement, each of the Borrowers hereby releases and
forever discharges the Bank and each of the Bank’s predecessors, successors, assigns, officers, managers, directors, employees, agents, attorneys, representatives, and affiliates (hereinafter all of the above collectively referred to as
the “Bank Group”), from any and all 

  
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claims, counterclaims, demands, damages, debts, suits, liabilities, actions and causes of action of any nature whatsoever, in each case to the extent arising in connection
with the Loan Documents through the date of this Agreement, whether arising at law or in equity, whether known or unknown, whether liability be direct or indirect, liquidated or unliquidated, whether absolute or contingent, foreseen or unforeseen,
and whether or not heretofore asserted, which the Borrowers may have or claim to have against any of the Bank Group. 
 10. No Third
Party Beneficiaries. This Agreement and the rights and benefits hereof shall inure to the benefit of each of the parties hereto and their respective successors and assigns. No other person shall have or be entitled to assert rights or benefits
under this Agreement. 
 11. Entirety. This Agreement and the other Loan Documents embody the entire agreement among the parties
hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof. This Agreement and the other Loan Documents represent the final agreement between the parties and may not be contradicted
by evidence of prior, contemporaneous or subsequent oral agreements of the parties. 
 12. Counterparts; Facsimile Delivery. This
Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an original, and it shall not be necessary in making proof of this Agreement to produce or account for more than one such
counterpart. Delivery of an executed counterpart of this Agreement by facsimile shall be effective as an original. 
 13. No Actions,
Claims, Etc. As of the date hereof, each of the Borrowers hereby acknowledges and confirms that it has no knowledge of any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity,
against the Bank or the Bank’s officers, employees, representatives, agents, counsel or directors arising from any action by such persons, or failure of such persons to act under the Loan Documents on or prior to the date hereof. 

14. Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be governed by and interpreted in
accordance with the laws of the State of New York and applicable United States federal law. 
 15. Further Assurances. Each of the
parties hereto agrees to execute and deliver, or to cause to be executed and delivered, all such instruments as may reasonably be requested to effectuate the intent and purposes, and to carry out the terms, of this Agreement. 

[Signature Pages Follow.] 

  
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 IN WITNESS WHEREOF, each of the parties hereto has caused a counterpart of this Agreement to be
duly executed and delivered as of the date first above written. 
 BORROWERS: 

 

			
	FAMOUS DAVE’S OF AMERICA, INC.,
	a Minnesota corporation
		
	By:	 	 /s/ Dexter Newman

	Name:	 	Dexter Newman
	Title:	 	CFO
	
	 D&D OF MINNESOTA, INC.,

a Minnesota corporation

		
	By:	 	 /s/ Dexter Newman

	Name:	 	Dexter Newman
	Title:	 	CFO
	
	 LAKE & HENNEPIN BBQ AND BLUES, INC.,

a Minnesota corporation

		
	By:	 	 /s/ Dexter Newman

	Name:	 	Dexter Newman
	Title:	 	CFO
	
	 FAMOUS DAVE’S RIBS, INC.,

a Minnesota corporation

		
	By:	 	 /s/ Dexter Newman

	Name:	 	Dexter Newman
	Title:	 	CFO
	
	 FAMOUS DAVE’S RIBS-U, INC.,

a Minnesota corporation

		
	By:	 	 /s/ Dexter Newman

	Name:	 	Dexter Newman
	Title:	 	CFO
	
	FAMOUS DAVE’S RIBS OF MARYLAND, INC.,
	a Minnesota corporation
		
	By:	 	 /s/ John Beckman

	Name:	 	John Beckman
	Title:	 	President

 WAIVER AND SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

FAMOUS DAVE’S 

							
	AGENTS AND LENDERS:	 		 	 WELLS FARGO BANK, NATIONAL

ASSOCIATION, as Administrative Agent, L/C Issuer and Lender

				
		 		 	By:	 	 /s/ Reginald T. Dawson

		 		 	Name:	 	Reginald T. Dawson
		 		 	Title:	 	Sr. Vice President

 WAIVER AND SECOND AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT 

FAMOUS DAVE’SEX-10.1

 Exhibit 10.1 

FIBROGEN 
 INCENTIVE
COMPENSATION PLAN 
 Objectives 
  

	 	•	 	Motivate & reward participants to contribute to and achieve Corporate Goals 

  

	 	•	 	Enable the company to attract and retain high quality employees 

 Eligibility Requirements 

All FibroGen employees are eligible to be considered to participate in the Plan, provided they are on payroll prior to October 1. Anyone hired on
October 1 or after becomes eligible for the following year. 
  

	 	•	 	An employee must have a work week of a minimum of 20 hours. 

  

	 	•	 	An employee joining the company during the year prior to October 1, in the year reviewed, will be eligible on a prorated basis from their start date. 

 

	 	•	 	Employee must not be on a current Performance Improvement Plan or have had significant performance issues during the applicable plan year or at the time of payment date. 

 

	 	•	 	Only personnel employed and on payroll on the date of bonus payment are eligible to receive a bonus payment. 

Target Bonus Award 
 A target bonus based on a
percentage of annual base salary has been identified for each employee by employee classification. The actual payout % is based on the total achievement of all Corporate Goals, to be designed based on Project and Department goals and objectives and
other priorities as may be set by the Board and/or the Compensation Committee in consultation with management. 

 Corporate Goals 

The bonus payout will be based on achievement across all of the Corporate Goals. The weighting of the Corporate Goals will be set, and results of achievements
against them, will be measured by the Compensation Committee, to be determined following consultation with and recommendations from the Chief Executive Officer (CEO) and other appropriate members of management. 

Example of Payout Calculation 
 Employee with
Annual Salary of $80,000 and a bonus target of 5% = $4,000 Cash Target 
  

																	
	Salary	  	Bonus
Target	 	 	 Total

Target

Dollar
Amount
	 	  	Percent
Achievement
of Corporate
Goals	 	 	 Gross

Dollar
 Bonus
	 
	 $80,000.00
	  	 	5	% 	 	$	4,000.00	  	  	 	80	% 	 	$	3,200.00	  
	 Total Cash Payout – Less Applicable Taxes
	  				 				  				 	$	3,200.00	  

 Other Provisions 

The CEO may recommend to the Committee an increase or decrease to any individual bonus based on individual performance, other than for the CEO. 

To the extent a bonus is paid under this Plan, the maximum bonus payable to any individual shall be one hundred fifty percent (150%) of target bonus, and
the minimum bonus payable to any individual shall be fifty percent (50%) of the Corporate Goal achievement. The Committee shall determine the total bonus pool payable to all Plan participants, including all adjustments to individual bonuses.

 FibroGen reserves the right to modify, suspend or terminate this Plan at any time. 

The designation of an employee as a participant will not give the employee any right to be retained in the employ of FibroGen, and the ability of FibroGen to
dismiss or discharge the employee at any time and for any reason is specifically reserved. 
 All decisions about eligibility, goals, achievements, bonus
payments, and any provisions of the Plan, including for the avoidance of doubt whether to pay a bonus under the Plan, are made in the absolute discretion of the Compensation Committee, and are not subject to appeal, dispute or contest by a
participant.

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