Document:

EXHIBIT 4.1

 

ARTICLES OF INCORPORATION

OF

BREWING VENTURES INC.

 

The following Articles of

Incorporation are adopted pursuant to Minnesota Statutes, Chapter 302A in

accordance with Section 302A.133, by Brewing Ventures Inc., a corporation

organized and existing under the laws of the State of Minnesota (the

“Corporation”).

 

ARTICLE

1

 

Name:  The name of this Corporation shall be

Brewing Ventures Inc.

 

ARTICLE  2

 

Registered

Office:  The

address of the Corporation’s registered office in the State of Minnesota shall

be 2400 IDS Center, Minneapolis, Minnesota 55402.

 

ARTICLE  3

 

Authorized

Shares:  The total

authorized shares of all classes which the Corporation shall have authority to

issue is 100,000,000, consisting of: 10,000,000 shares of preferred stock of the

par value of one cent ($0.01) per share (hereinafter the “preferred shares”);

and 90,000,000 shares of common stock of the par value of one cent ($0.01) per

share (hereinafter the “common shares”).

 

3.1           The Board of Directors of the

Corporation (hereinafter referred to as the “Board of Directors” or “Board”)

may, from time to time, establish by resolution, different classes or series of

preferred shares and may fix the rights and preferences of said shares in any

class or series.  Specifically,

preferred shares of the Corporation may be issued from time to time in one or

more series, each of which series shall have such designation or title and such

number of shares as shall be fixed by resolution of the Board of Directors

prior to the issuance thereof.  Each

such series of preferred shares shall have such voting powers, full or limited,

or no voting powers, and such preferences and relative, participating, optional

or other special rights, and such qualifications, limitations or restrictions

thereof as shall be stated and expressed in the resolution or resolutions

providing for the issuance of such series of preferred shares as may be adopted

from time to time by the Board of Directors prior to the issuance of any shares

thereof pursuant to the authority hereby expressly vested in the Board.

 

3.2           Except as provided or required by

law, or as provided in the resolution or resolutions of the Board of Directors

creating any series of preferred shares, the common shares shall have the

exclusive right to vote, on a noncumulative basis, for the election and removal

of directors and for all other purposes. 

Unless otherwise provided by resolution or resolutions of the Board of

Directors, each holder of common shares shall be entitled to one vote for each

share held.

 

3.3           The Board of Directors shall have the

authority to issue shares of a class or series, shares of which may then be

outstanding, to holders of shares of another class or series to effectuate

share dividends, splits, or conversion of its outstanding shares.

 

3.4           The Board of Directors is authorized

to accept and reject subscriptions for and to dispose of authorized shares of

the Corporation, including the granting of stock options, warrants and other

rights to purchase shares, without action by the shareholders and upon such

terms and conditions as may be 

 

 

deemed advisable by the Board

of Directors in the exercise of its discretion, except as otherwise limited by

law.

 

3.5           The Board of Directors is authorized

to issue, sell or otherwise dispose of bonds, debentures, certificates of

indebtedness and other securities, including those convertible into shares of

stock, without action by the shareholders and for such consideration and upon

such terms and conditions as may be deemed advisable by the Board of Directors

in the exercise of its discretion, except as otherwise limited by law.

 

ARTICLE

4

 

Certain

Shareholder Rights:  No

shareholder shall be entitled to any preemptive right to purchase, subscribe

for or otherwise acquire any new or additional securities of the Corporation,

or any options or warrants to purchase, subscribe for or otherwise acquire any

such new additional securities before the Corporation may offer them to other

persons.  No shareholder shall be

entitled to any cumulative voting rights.

 

ARTICLE  5

 

Written

Action by Board:  An action

required or permitted to be taken by the Board of Directors may be taken by

written action signed by the number of directors that would be required to take

the same action at a meeting of the Board at which all directors are present,

except as to those matters which require shareholder approval, in which case

the written action must be signed by all members of the Board of Directors.

 

ARTICLE  6

 

Nonliability

of Directors for Certain Actions:  To the fullest extent permitted by the Minnesota Business

Corporation Act, Minnesota Statutes, Chapter 302A, as it exists on the date

hereof or may hereafter be amended, a director of this Corporation shall not be

liable to the Corporation or its shareholders for monetary damages for breach

of fiduciary duty as a director.  No

amendment to or repeal of this Article shall apply to or have any effect on the

liability or alleged liability of any director of the Corporation for or with

respect to any acts or omissions of such director occurring prior to such

amendment or repeal.

 

ARTICLE  7

 

Initial

Director:  The name and address of the person

constituting the first member of the Company’s Board of Directors is:

 

Steven

J. Wagenheim

5831

Cedar Lake Road

St.

Louis Park, MN 55416

 

ARTICLE

8

 

Incorporator:  The name and address of the incorporator is:

 

Avron

L. Gordon

2400

IDS Center

Minneapolis,

MN 55402

 

2

 

ARTICLE  9

 

Indemnification

of Directors and Officers:  The Corporation

shall indemnify and may, in the discretion of the Board of Directors, insure

current and former directors, officers and employees of the Corporation in the

manner and to the fullest extent permitted by law.

 

IN WITNESS

WHEREOF, the undersigned has hereunto set his hand as of 25th day of June,

1997.

 

	

  /s/ Avron L. Gordon

  
	

  Avron L. Gordon

  
	

  Incorporator

  

 

Drafted

By:

 

Briggs

and Morgan, Professional Association

Attention:  Avron L. Gordon, Esq.

2400

IDS Center

80

South Eighth Street

Minneapolis,

MN  55402

 

3

 

ARTICLES OF AMENDMENT TO

ARTICLES OF INCORPORATION OF

 

BREWING VENTURES INC.

 

The undersigned officer, on

behalf of Brewing Ventures Inc., a Minnesota corporation (the “Corporation”),

hereby certifies an amendment to the Corporation’s Articles of Incorporation

which has been duly approved by the Corporation’s Board of Directors in

accordance with Sections 302A.239 and 302A.133, of the Minnesota Statutes.  Accordingly, the Articles of Incorporation

of the Corporation are hereby amended as follows:

 

Article 1 of the Articles of

Incorporation of the Corporation shall read in its entirety as follows:

 

ARTICLE 1

 

Name: The name of this Corporation shall be Founders Food

& Firkins Ltd.

 

IN WITNESS

WHEREOF, the Corporation has caused these Articles of

Amendment to the Articles of Incorporation of the Corporation to be executed

this 26th day of June, 1997.

 

	

  Brewing Ventures Inc.

  
	

   

  	

   

  
	

  By:

  	

  /s/

  Steven J. Wagenheim

  
	

  Its:

  	

  Chief

  Executive Officer

  

 

4

 

ARTICLES OF AMENDMENT

TO THE

ARTICLES OF INCORPORATION OF

FOUNDERS FOOD & FIRKINS

LTD.

 

The undersigned, Mitchel I

Wachman, Secretary of Founders Food & Firkins Ltd., a Minnesota corporation

(the “Corporation”) with the purpose of amending the Corporation’s Articles of

Incorporation under the provisions of Minnesota Statutes Sections 302A.135 and

302A.139, hereby certifies that:

 

1.             The name of the corporation is

Founders Food & Firkins Ltd.

 

2.                                       Article 1 of the Articles of

Incorporation of the Corporation shall read in its entirety as follows:

 

Article 1

 

Name: The name of the Corporation shall be Granite City

Food & Brewery Ltd.

 

IN WITNESS WHEREOF, the Corporation has caused

these Articles of Amendment to the Articles of Incorporation to be executed

this 5th day of September 2002.

 

	

  Founders Food & Firkins Ltd.

  
	

   

  
	

  /s/ Mitchel I. Wachman

  
	

  Mitchel I. Wachman,

  Secretary

  

 

5EXHIBIT 4.2

 

	

  COMMON

  STOCK

  	

   

  	

  COMMON

  STOCK

  
	

  NUMBER

  	

   

  	

  SHARES

  

 

GRANITE CITY FOOD & BREWERY LTD.

 

INCORPORATED

UNDER THE LAWS OF THE STATE OF MINNESOTA

 

COMMON

STOCK CUSIP 38724Q 10 7

SEE

REVERSE FOR CERTAIN DEFINITIONS

THIS

CERTIFIES THAT

 

 

IS

THE OWNER OF

 

FULLY PAID AND NONASSESSABLE

SHARES OF THE COMMON STOCK OF THE PAR VALUE OF $.01 PER SHARE OF

 

GRANITE CITY FOOD & BREWERY LTD.

 

transferable

on the books of the Corporation by the holder hereof in person or by duly

authorized attorney surrender of this certificate properly endorsed. This

certificate is not valid unless countersigned by the Transfer Agent and

Registrar.

 

WITNESS the facsimile

signatures of its duly authorized officers.

 

Dated:

 

 

CHIEF EXECUTIVE OFFICER                                                                                           SECRETARY

 

COUNTERSIGNED

AND REGISTERED:

WELLS

FARGO BANK MINNESOTA, N.A.

(MINNEAPOLIS, MINNESOTA)

TRANSFER AGENT AND REGISTRAR

 

BY

AUTHORIZED

SIGNATURE

 

 

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 designations, 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.

 

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

TEN ENT                                                                                             as tenants by

the entireties

JT TEN                                                                                                        as joint

tenants with right of survivorship and not as tenants in common

UNIF GIFT MIN ACT                                     

Custodian           under Uniform

Gifts to Minors Act          

(Cust)                                                       (Minor)                                                             (State)

 

Additional

abbreviations may also be used though not in the above list.

 

FOR VALUE RECEIVED,

                  

hereby sell, assign and transfer unto

PLEASE

INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE

	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  
	

  (PLEASE

  PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE OF ASSIGNEE)

  

 

                                                                                                           

Shares of the capital stock represented by the within Certificate, and do

hereby irrevocably constitute and appoint

                                                      

attorney to transfer the said stock on the books of the within-named

Corporation with full power of substitution in the premises.

	

  Dated

  	

   

  	

   

  	

   

  
	

   

  	

  X

  	

   

  
	

   

  	

  X

  	

   

  
					

 

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

GUARANTEED:

 

2

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