Document:

Form of Common Stock Warrant

 Exhibit 10.30 
  
 THIS WARRANT AND THE UNDERLYING SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND HAVE BEEN TAKEN FOR
INVESTMENT PURPOSES ONLY AND NOT WITH A VIEW TO THE DISTRIBUTION THEREOF, AND, EXCEPT AS STATED IN AN AGREEMENT BETWEEN THE HOLDER OF THIS WARRANT, OR ITS PREDECESSOR IN INTEREST, AND THE ISSUER CORPORATION, SUCH WARRANT AND UNDERLYING SECURITIES
MAY NOT BE SOLD OR TRANSFERRED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH WARRANT AND/OR UNDERLYING SECURITIES OR THE ISSUER CORPORATION RECEIVES AN OPINION OF COUNSEL (WHICH MAY BE COUNSEL FOR THE ISSUER
CORPORATION) STATING THAT SUCH SALE OR TRANSFER IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT. 
  
 THIS WARRANT AND THE UNDERLYING SECURITIES ARE SUBJECT TO THE TERMS OF A CERTAIN SHAREHOLDERS’ AGREEMENT, DATED AS OF OCTOBER 27, 2004, AMONG THE ISSUER OF THIS
WARRANT AND CERTAIN SHAREHOLDERS, AS THE SAME MAY BE FURTHER AMENDED, RESTATED OR OTHERWISE MODIFIED FROM TIME TO TIME. THE SHAREHOLDERS’ AGREEMENT CONTAINS CERTAIN RESTRICTIVE PROVISIONS AND RIGHTS RELATING TO THE VOTING OF THE UNDERLYING
SECURITIES AND TRANSFER OF THIS WARRANT AND THE UNDERLYING SECURITIES. NO REGISTRATION OF TRANSFER OF SECURITIES WILL BE MADE ON THE BOOKS OF THE ISSUER UNLESS AND UNTIL SUCH RESTRICTIONS AND RIGHTS SHALL HAVE BEEN COMPLIED WITH. A COPY OF THE
SHAREHOLDERS’ AGREEMENT IS ON FILE AT THE COMPANY’S PRINCIPAL OFFICES. UPON WRITTEN REQUEST TO THE COMPANY’S SECRETARY, A COPY OF THE SHAREHOLDERS’ AGREEMENT WILL BE PROVIDED WITHOUT CHARGE TO THE HOLDER OF THIS WARRANT.

  
 GORDON BIERSCH BREWERY RESTAURANT GROUP, INC.

  
 FORM OF WARRANT TO PURCHASE COMMON STOCK 

 

			
	No. W-    	  	                    , 2005

  
 WHEREAS, the Board of Directors of GORDON BIERSCH BREWERY RESTAURANT GROUP, INC., a Tennessee corporation, with its
principal office at 2001 Riverside Drive, Suite 200, Chattanooga, TN (the “Company”), has determined to issue warrants to purchase shares of Common Stock of the Company in consideration of the financial accommodation of the
Holder made for the benefit of the Company in connection with a refinancing transaction in October, 2004. 
  
 NOW THEREFORE, THIS CERTIFIES THAT, for value received,
                    , or assigns (the “Holder”), is entitled to subscribe for and purchase at the Exercise Price
(defined below) from the Company, up to                      shares of Common Stock of the Company (the “Common
Stock”), as provided herein. 

 1. DEFINITIONS. As used herein, the following terms shall have the following
respective meanings: 
  
 “Exercise
Period” shall mean the time period commencing with the date of this Warrant and ending one hundred twenty months later. 
  
 “Exercise Price” shall mean $50.00 per share, subject to adjustment pursuant to Section 4.2 below.

  
 “Exercise Shares”
shall mean the shares of the Company’s Common Stock issuable upon exercise of this Warrant, subject to adjustment pursuant to the terms herein, including but not limited to adjustment pursuant to Section 4.2 below. 
  
 2. EXERCISE OF WARRANT.

  
 2.1. Optional Exercise. The
rights represented by this Warrant may be exercised in whole or in part at any time during the Exercise Period (an “Optional Exercise”). 
  

2.2. Exercise Procedure. The Holder shall exercise this Warrant pursuant to Section 2.1 above by delivery to the
Company at its address set forth above (or at such other address as it may designate by notice in writing to the Holder) the following: 
  
 (a) An executed Notice of Exercise in the form attached hereto; 
  
 (b) Payment of the Exercise Price either (i) in cash, by check or by wire transfer, or
(ii) by cancellation of indebtedness; 
  
 (c) This Warrant; and 
  
 (d) If this Warrant is not registered in the name of the Holder, an assignment or assignments, in the form of assignment attached hereto, properly executed and evidencing the assignment of this Warrant to the Holder, in compliance
with the provisions set forth in Section 7 hereof. 
  
 Upon the exercise of the rights represented by this Warrant, a certificate or certificates for the Exercise Shares so purchased, registered in the name of the Holder or persons designated by the Holder, if requested by the Holder, shall be
issued and delivered to the Holder within five (5) business day after the rights represented by this Warrant shall have been so exercised. 
  
 The person in whose name any certificate or certificates for Exercise Shares are to be issued upon exercise of this Warrant shall be deemed to have become
the holder of record of such shares on the date on which this Warrant was surrendered and payment of the Exercise Price was made, irrespective of the date of delivery of such certificate or certificates, except that, if the date of such surrender
and payment is a date when the stock transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares at the close of business on the next succeeding date on which the stock transfer books are open.

  

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 2.3. Net Exercise. Notwithstanding any provisions herein to the contrary,
if the fair market value of one share of the Company’s Common Stock is greater than the Exercise Price (at the date of calculation as set forth below), in lieu of exercising this Warrant by payment of cash, the Holder may elect (the
“Conversion Right”) to receive shares equal to the value (as determined below) of this Warrant (or the portion thereof being canceled) by surrender of this Warrant at the principal office of the Company together with the
properly endorsed Notice of Exercise in which event the Company shall issue to the Holder a number of shares of Common Stock computed using the following formula: 
  

					
	 X
	  	=	  	Y (A-B)
	 	  	 	  	    A

  
 Where X = the number of shares of Common Stock to be issued to the Holder 
  

					
	 Y
	  	=	  	the number of shares of Common Stock purchasable under the Warrant or, if only a portion of the Warrant is being exercised, the portion of the Warrant being canceled (at the date of such
calculation)
			
	 A
	  	=	  	the fair market value of one share of the Company’s Common Stock (at the date of such calculation)
			
	 B
	  	=	  	Exercise Price (as adjusted to the date of such calculation)

  
 For purposes of the
above calculation, the fair market value of one share of Common Stock shall be the product of (i) the average daily Market Price (as defined below) during the period of the most recent 10 days, ending on the last business day before the
effective date of exercise of the Conversion Right, on which the national securities exchanges were open for trading and (ii) the number of shares of the Common Stock (as defined herein) into which each Exercise Share is convertible on such
date. If the Common Stock is traded on a national securities exchange or admitted to unlisted trading privileges on such an exchange, or is listed on the National Market System (the “National Market System”) of the Nasdaq,
the Market Price as of a specified day shall be the last reported sale price of Common Stock on such exchange or on the National Market System on such date or if no such sale is made on such day, the mean of the closing bid and asked prices for such
day on such exchange or on the National Market System. If the Common Stock is not so listed or admitted to unlisted trading privileges, the Market Price as of a specified day shall be the mean of the last bid and asked prices reported on such date
(x) by the Nasdaq or (y) if reports are unavailable under clause (x) above, by the National Quotation Bureau Incorporated. If the Common Stock is not so listed or admitted to unlisted trading privileges and bid and ask prices are not
reported, the Market Price as of a specified day shall be determined in good faith by the Board of Directors of the Company. 
  
 3. COVENANTS OF THE COMPANY. 
  
 3.1. Covenants as to Exercise Shares. The
Company covenants and agrees that all Exercise Shares that may be issued upon the exercise of the rights represented by this Warrant will, upon issuance, be validly issued and outstanding, fully paid and nonassessable, and free from all taxes, liens
and charges with respect to the issuance thereof. The Company further covenants and agrees that the Company will at all times during the Exercise Period, have 

  

 - 3 - 

 
authorized and reserved, free from preemptive rights, a sufficient number of shares of its Common Stock to provide for the exercise of the rights represented
by this Warrant. If at any time during the Exercise Period the number of authorized but unissued shares of Common Stock shall not be sufficient to permit exercise of this Warrant, the Company will take such corporate action as may, in the opinion of
its counsel, be necessary to increase its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes. 
  
 3.2. No Impairment. Except and to the extent as waived or consented to by the majority of the Holders holding Warrants
similar to this Warrant (“Majority Warrant Holders”), the Company will not, by amendment of its charter or any certificates of designation thereto or through any reorganization, transfer of assets, consolidation, merger,
dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the
carrying out of all the provisions of this Warrant and in the taking of all such action as may be necessary or appropriate in order to protect the exercise rights of the Holder against impairment. 
  
 3.3. Notices of Record Date. In the event of
any taking by the Company of a record of the holders of any class of securities for the purpose of determining the holders thereof who are entitled to receive any dividend (other than a cash dividend which is the same as cash dividends paid in
previous quarters) or other distribution, the Company shall mail to the Holder, at the same time as such notice is provided to all shareholders of the Company, a notice specifying the date on which any such record is to be taken for the purpose of
such dividend or distribution. 
  
 4.
DISPOSITION OF WARRANT AND EXERCISE SHARES, ADJUSTMENT OF EXERCISE PRICE AND
EFFECT OF ORGANIC CHANGES. 
  
 4.1. Disposition of Exercise Shares. The Holder agrees that the Warrant and Exercise Shares, including but not limited to
the voting of the Exercise Shares and any disposition of all or any part of the Warrant or Exercise Shares, shall be governed by that certain Shareholders’ Agreement dated as of October 27, 2004 between the Company, Hancock Park Capital
II, L.P. and each of the shareholders of the Company. 
  
 4.2. Adjustment of Exercise Price. In the event of changes in the outstanding Common Stock of the Company by reason of stock dividends, splits, recapitalizations, reclassifications, combinations or exchanges of shares,
separations, reorganizations, liquidations, or the like, the number and class of shares available under the Warrant in the aggregate and the Exercise Price shall be correspondingly adjusted to give the Holder of the Warrant, on exercise for the same
aggregate Exercise Price, the total number, class, and kind of shares as the Holder would have owned had the Warrant been exercised prior to the event and had the Holder continued to hold such shares until after the event requiring adjustment. The
form of this Warrant need not be changed because of any adjustment in the number of Exercise Shares subject to this Warrant. 
  
 4.3. Reorganization, Reclassification, Consolidation, Merger or Sale. If any recapitalization, reclassification or
reorganization of the capital stock of the Company, or any consolidation or merger of the Company with another corporation, or the sale of all or 

  

 - 4 - 

 
substantially all of its assets or other transaction shall be effected in such a way that holders of the Company’s Common Stock shall be entitled to
receive stock, securities, or other assets or property (an “Organic Change”), then, as a condition of such Organic Change, lawful and adequate provisions shall be made by the Company whereby the Holder hereof shall thereafter
have the right to purchase and receive (in lieu of the shares of the Common Stock of the Company immediately theretofore purchasable and receivable upon the exercise of the rights represented hereby) such shares of stock, securities or other
assets or property as may be issued or payable with respect to or in exchange for a number of outstanding shares of such Common Stock equal to the number of shares of such stock immediately theretofore purchasable and receivable upon the exercise of
the rights represented hereby. In the event of any Organic Change, appropriate provision shall be made by the Company with respect to the rights and interests of the Holder of this Warrant to the end that the provisions hereof (including, without
limitation, provisions for adjustments of the Exercise Price and of the number of shares purchasable and receivable upon the exercise of this Warrant) shall thereafter be applicable, in relation to any shares of stock, securities or assets
thereafter deliverable upon the exercise hereof. The Company will not effect any such consolidation, merger or sale unless, prior to the consummation thereof, the successor corporation (if other than the Company) resulting from such consolidation or
the corporation purchasing such assets shall assume by written instrument reasonably satisfactory in form and substance to the Majority Warrant Holders to expressly assume the due and punctual performance and observation of each and every
covenant and condition of this Warrant, executed and mailed or delivered to the registered Holder hereof at the last address of such Holder appearing on the books of the Company, the obligation to deliver to such Holder such shares of stock,
securities or assets as, in accordance with the foregoing provisions, such Holder may be entitled to purchase. 
  
 4.4. Certain Events. If any change in the outstanding Common Stock of the Company or any other event occurs as to which the other
provisions of this Section 4 are not strictly applicable or if strictly applicable would not fairly protect the purchase rights of the Holder of the Warrant in accordance with such provisions, then the Board of Directors of the Company shall
make an adjustment in the number and class of shares available under the Warrant, the Exercise Price or the application of such provisions, so as to protect such purchase rights as aforesaid. The adjustment shall be such as to give the Holder of the
Warrant upon exercise for the same aggregate Exercise Price the total number, class and kind of shares as he would have owned had the Warrant been exercised prior to the event and had he continued to hold such shares until after the event requiring
adjustment. 
  
 5. FRACTIONAL
SHARES. Fractional shares may be issued upon the exercise of this Warrant. Any reference contained herein to Exercise Shares or shares of Common Stock shall be deemed to include fractional shares to the extent thereof. The size of
all fractional shares shall be rounded to four decimal places. 
  
 6. NO SHAREHOLDER RIGHTS. This Warrant in and of itself shall not entitle the Holder to any voting rights or other rights as a shareholder of the Company. 
  
 7. TRANSFER OF WARRANT.
Subject to applicable laws, this Warrant and all rights hereunder are transferable, by the Holder in person or by duly authorized attorney, upon delivery of this Warrant and the form of assignment attached hereto to any person. 
  

 - 5 - 

 8. LOST, STOLEN, MUTILATED OR
DESTROYED WARRANT. If this Warrant is lost, stolen, mutilated or destroyed, the Company may, on such terms as to indemnity or otherwise as it may reasonably impose (which shall, in the case of a mutilated Warrant,
include the surrender thereof), issue a new Warrant of like denomination and tenor as the Warrant so lost, stolen, mutilated or destroyed. Any such new Warrant shall constitute an original contractual obligation of the Company, whether or not the
allegedly lost, stolen, mutilated or destroyed Warrant shall be at any time enforceable by anyone. 
  
 9. NOTICES, ETC. All notices required or permitted hereunder shall be in writing and shall be deemed effectively
given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed telex or facsimile if sent during normal business hours of the recipient, if not, then on the next business day, (c) five (5) days after
having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of
receipt. All communications shall be sent to the Company at the address listed in the recital hereof and to Holder at the address listed on the signature page or at such other address as the Company or Holder may designate by ten (10) days
advance written notice to the other parties hereto a change of address that notices may be sent. 
  
 10. AMENDMENT AND WAIVER. Any term in this Warrant may be amended or waived with the written consent
of the Company and the Majority Warrant Holders. Holder acknowledges that because this Warrant may be amended with the consent of the Majority Warrant Holders, the Holder’s rights hereunder may be amended or waived without the Holder’s
consent. 
  
 11. ACCEPTANCE. Receipt of this
Warrant by the Holder shall constitute acceptance of and agreement to all of the terms and conditions contained herein. 
  
 12. GOVERNING LAW. This Warrant and all rights, obligations and liabilities hereunder shall be governed by the laws of
the State of Tennessee. 
  

 - 6 - 

 IN WITNESS WHEREOF, the Company has caused this
Warrant to be executed by its duly authorized officer as of August 26, 2005. 
  

			
	 GORDON BIERSCH BREWERY RESTAURANT
 GROUP, INC.

		
	 By:
	 	 
	 Name:
	 	 H. Allen Corey

	 Title:
	 	 President

  

	
	FOR NOTICE ONLY:
	
	HOLDER:
	
	  
	 [Name]

	
	 
	
	 
	 [Address]

 NOTICE OF EXERCISE 
  
 TO: GORDON BIERSCH BREWERY RESTAURANT GROUP,
INC. 
  
 (1) The undersigned hereby elects to
purchase                      shares of the Common Stock of GORDON BIERSCH BREWERY
RESTAURANT GROUP, INC. pursuant to the terms of the attached Warrant, and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes, if any. 
  
 (2) Please issue a certificate or certificates representing said shares of
Common Stock in the name of the undersigned or in such other name as is specified below: 
  
 _____________________________ 
 (Name) 
  
 _____________________________ 
  
 _____________________________ 
 (Address)

  

					
	 	 	 	 	 
			
	  	 	 	 	  
	 (Date)
	 	 	 	 (Signature)

			
	 	 	 	 	 
	 	 	 	 	 (Print name)

 ASSIGNMENT FORM 
  
 (To assign the foregoing Warrant, execute 
 this form and supply required information. 
 Do not use this form to purchase shares.) 
  
 FOR VALUE
RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to 
  

			
	 Name:
	  	________________________________________________________________________________________________
	 	  	(Please Print)
		
	 Address:
	  	________________________________________________________________________________________________
	 	  	(Please Print)
		
	 Dated:
	  	___________________
		
	 Holder’s
 Signature:
	  	___________________________________________________________________
		
	 Holder’s
 Address:
	  	___________________________________________________________________

  
 NOTE: The signature to this
Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration or enlargement or any change whatever. Officers of corporations and those acting in a fiduciary or other representative capacity should file
proper evidence of authority to assign the foregoing Warrant.Capital Call Agreement

 Exhibit 10.31 
  
 EXECUTION VERSION 
  
 CAPITAL CALL AGREEMENT 
  
 CAPITAL CALL AGREEMENT, dated as of January 4, 2006, made by Hancock Park Capital II, L.P. (the “Sponsor”), in favor of the Agents
and the Lenders referred to below. 
  
 W I T
N E S S E T H: 
  
 WHEREAS, Gordon Biersch Brewery Restaurant Group, Inc., a Tennessee corporation (the “Parent”), Big River Breweries, Inc, a Tennessee corporation (“Big River”), and GB Acquisition Inc., a Tennessee
corporation (“GBA” and together with Big River, each a “Borrower” and collectively, the “Borrowers”), each person listed as a “Guarantor” on the signature pages to the Financing Agreement
referred to below (together with the Parent, each a “Guarantor” and collectively, the “Guarantors” and together with the Borrowers, each a “Loan Party” and collectively, the “Loan
Parties”), the lenders from time to time party thereto (each a “Lender” and collectively, the “Lenders”), and Ableco Finance LLC, a Delaware limited liability company (“Ableco”), as
collateral agent for the Agents and the Lenders (in such capacity, the “Collateral Agent”) and Wells Fargo Foothill, Inc., a California corporation (“Foothill”), as administrative agent for the Agents and the
Lenders (in such capacity, the “Administrative Agent”, and together with the Collateral Agent, each an “Agent” and collectively, the “Agents”) have entered into an Amended and Restated Financing
Agreement, dated as of October 27, 2004, as amended by the First Amendment and Waiver, dated as of April 11, 2005, and the Second Amendment referred to below (as amended, restated, modified or otherwise changed from time to time, the
“Financing Agreement”, all terms used in this Agreement which are defined in the Financing Agreement and not otherwise defined in this Agreement shall have the same meanings in this Agreement as set forth in the Financing
Agreement), pursuant to which the Agents and the Lenders are to extend credit to the Borrowers consisting of a revolving credit facility and term loans; 
  
 WHEREAS, the parties intend to enter into a Second Amendment and Waiver to the Financing Agreement, dated the date hereof (the “Second
Amendment”), which provides, among other things, that the Borrowers may enter into an unsecured and subordinated facility (the “Additional Liquidity Facility”) in an aggregate amount equal to an amount not less than
$6,000,000 to be funded on or prior to April 30, 2006, the proceeds of which shall be applied as follows: (x) the first $4,000,000 to repay the Loans as specified in the Financing Agreement, (y) the remaining proceeds to repay the
principal amount of the Sponsor Additional Subordinated Notes in an aggregate amount not exceeding the aggregate amount of Sponsor Capital Contributions made as of such date, and (z) the remainder, if any, to repay Loans as specified the
Financing Agreement; and 
  
 WHEREAS, it is condition precedent to
the effectiveness of the Second Amendment that the Sponsor shall enter into an agreement for the benefit of the Agents and the Lenders pursuant to which the Sponsor is to make capital contributions to the Parent upon the occurrence of certain events
as described herein. 

 NOW, THEREFORE, in consideration of the premises and the agreements herein and in order to induce the
Agents and the Lenders to enter into the Second Amendment and to continue to extend credit to the Borrowers pursuant to the Financing Agreement, the Sponsor hereby agrees for the benefit of the Agents and the Lenders as follows: 
  
 1. Consent to the Second Amendment, Etc. 
  
 (a) The Sponsor hereby acknowledges and consents to the Second Amendment and
hereby waives (i) notice of acceptance and notice of the incurrence of any Obligation by the Borrowers; (ii) notice of any actions taken by the Agents, the Lenders or any Loan Party with respect to the Second Amendment or under any Loan
Document or any other agreement or instrument relating thereto; (iii) all other notices, demands and protests, and all other formalities of every kind in connection with the enforcement of the Obligations or of the obligations of the Loan
Parties hereunder, the omission of or delay in which, but for the provisions of this Paragraph 1, might constitute grounds for relieving the Sponsor of its obligations hereunder; and (iv) any requirement that the Agents or the Lenders protect,
secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against the Borrowers or any other Person or any Collateral. 
  
 (b) The liability of the Sponsor hereunder shall be absolute and unconditional irrespective of: (i) any lack of
validity or enforceability of the Second Amendment or any Loan Document or any agreement or instrument relating thereto; (ii) any change in the time, manner or place of payment of, or in any other term in respect of, all or any of the
Obligations, or any other amendment or waiver of or consent to any departure from any provision of the Second Amendment or any Loan Document other than this Agreement; (iii) any release or amendment or waiver of or consent to any departure from
the terms of the Second Amendment or any other Loan Document, for all or any of the Obligations; or (iv) any other circumstance which might otherwise constitute a defense available to, or a discharge of, the Borrowers in respect of the
Obligations of the Loan Parties in respect of their obligations hereunder. Each Loan Party hereby irrevocably waives any rights to setoff or reduction of its obligations under this Agreement based on any claim that such Loan Party has against any
Person. 
  
 2. Capital Contributions to Pay Obligations. 
  
 (a) The Sponsor shall fund capital contributions (the “Sponsor Call
Contributions”) to the Parent with proceeds to the Parent on or prior to the following dates and in the following amounts (which amounts are (i) in addition to any other capital contributions made prior to such dates and (ii) made
in one capital contribution and not a series of capital contributions): (A) an aggregate amount equal to $500,000 on or prior to January 31, 2006, (B) an aggregate amount equal to $1,500,000 on or prior to February 28, 2006,
(C) an aggregate amount equal to $ 1,000,000 on or prior to March 31, 2006 and (D) an aggregate amount equal to $500,000 on or prior to April 30, 2006; provided, that on the date the Parent receives proceeds equal to or exceeding
$4,000,000 pursuant to the Additional Liquidity Facility, the Sponsor shall not be required to make such Sponsor Call Contributions on and after such date; provided, further, however, that if the Additional Liquidity Facility is entered into and
effective, but the Parent receives less than $4,000,000 therefrom, the Sponsor shall fund an additional capital 

  

 -2- 

 
contribution (the “Additional Sponsor Call Contribution” and collectively with the Sponsor Call Contributions, the “Call
Contributions”) to the Parent on or before the dates required thereunder in an aggregate amount equal to the Backstop Amount. Any and all Call Contributions shall be made in immediately available funds in United States Dollars. The Sponsor
will contribute the Call Contributions to the Administrative Agent to be applied by the Administrative Agent as set forth in the Financing Agreement, as amended by the Second Amendment. The parties acknowledge and agree that (x) the first
$6,000,000 of the proceeds of Call Contributions, loans made under the Additional Liquidity Facility and the loan evidenced by the Sponsor Additional Subordinated Note issued on the date hereof shall be applied to repay the Obligations as set forth
in the Financing Agreement, as amended by the Second Amendment, (y) the proceeds after allocation to clause (x) above, if any, in an amount not exceeding the aggregate amount of Sponsor Capital Contributions made on or prior to such date
may be used by the Parent to refinance or repay the principal amount of the Sponsor Additional Subordinated Notes (but not amounts constituting interest thereon, whether accrued, capitalized, paid-in-kind or otherwise), and (z) the remainder
after allocation to clauses (x) and (y) above, if any, shall be applied to repay the Obligations as set forth in the Financing Agreement, as amended by the Second Amendment. 
  
 (b) The Sponsor (i) represents and warrants that it has sufficient unfunded commitments from its partners that are not
designated to be used for any other purpose or otherwise restricted in order to fund the Call Contributions and (ii) agrees that, prior to funding the Call Contributions, it will continue to have sufficient unfunded commitments from its
partners that are not designated to be used for any other purpose or otherwise restricted in order to fund the Call Contributions. 
  
 (c) The Loan Parties agree to pay any and all reasonable expenses (including reasonable counsel fees and expenses) incurred by the Agents and the Lenders
in enforcing their rights under this Agreement. 
  
 (d) The
Sponsor may meet its obligations pursuant to this Paragraph 2 by causing one of its Affiliates (other than any Loan Party) to make any payments required to be made by the Sponsor under this Agreement, provided that the Sponsor shall remain
responsible for the obligations under this Agreement that remain unsatisfied. 
  
 (e) The obligations of the Sponsor under this Agreement shall terminate upon the earliest of (i) the payment in full of the principal amount of the Obligations after the termination of all of the Commitments
thereunder, and (ii) the funding of all of the Call Contributions. 
  
 3.
Representations and Warranties. The Sponsor hereby represents and warrants to the Agents and the Lenders as follows: 
  
 (a) The Sponsor (i) is duly organized, validly existing and in good standing as a limited partnership under the laws of Delaware; and (ii) has
all requisite limited partnership power and authority to execute, deliver and perform this Agreement. 
  

 -3- 

 (b) The execution, delivery and performance by the Sponsor of this Agreement (i) have been duly
authorized by all necessary limited partnership action, (ii) do not and will not contravene the partnership agreement of the Sponsor, or any applicable law or any material contractual restriction binding on or otherwise affecting the Sponsor or
any of its properties, and (iii) do not and will not result in or require the creation of any Lien upon or with respect to any of its properties, and (iv) do not and will not result in any suspension, revocation, impairment, forfeiture or
nonrenewal of any permit, license, authorization or approval applicable to its operations or any of its properties, except where such suspension, revocation, impairment, forfeiture or nonrenewal is not reasonably likely to have a Material Adverse
Effect. 
  
 (c) No authorization, approval or other action by, and
no notice to or filing with, any Governmental Authority is required in connection with the due execution, delivery and performance by the Sponsor of this Agreement. 
  
 (d) This Agreement is a legal, valid and binding obligation of the Sponsor, enforceable against the Sponsor in accordance
with its terms, except to the extent that the enforceability thereof may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws from time to time in effect affecting generally enforcement of creditors’
rights and by general principles of equity. 
  
 (e) There is no
pending or, to the best knowledge of the Sponsor, threatened action, suit or proceeding against the Sponsor or to which any of the properties of the Sponsor is subject, before any court or other Governmental Authority or any arbitrator
(i) which challenges the validity or enforceability of this Agreement or any of the other Loan Documents to which the Sponsor is a party or (ii) in which there is a reasonable possibility of an adverse decision which may have a Material
Adverse Effect. 
  
 4. Obligations of the Sponsor and the Loan Parties. The
Sponsor and each Loan Party shall, at their expense, at any time and from time to time during the term of this Agreement, promptly execute and deliver all further instruments and documents and take all further action that may be necessary or that
the Collateral Agent may reasonably request in order to enable the Collateral Agent to exercise and enforce its rights and remedies hereunder, or otherwise effect the purposes of this Agreement. 
  
 5. Miscellaneous. 
  
 (a) No failure on the part of the Agents and the Lenders to exercise, and no delay in exercising, any right hereunder or
under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any right preclude any other or further exercise thereof or the exercise of any other right. The rights and remedies of the Agents and the
Lenders provided herein and in the other Loan Documents are cumulative and are in addition to, and not exclusive of, any rights or remedies provided by law. The rights of the Agents and the Lenders under any Loan Document against any party thereto
are not conditional or contingent on any attempt by the Agents and the Lenders to exercise any of their rights under any other Loan Document against such party or against any other Person. 
  

 -4- 

 (b) No amendment or other modification of this Agreement shall be effective unless it is in writing and
signed by the Sponsor and the Collateral Agent, and no waiver of any provision of this Agreement, and no consent to any departure by any Loan Party or the Sponsor therefrom, shall be effective unless it is in writing and signed by the Collateral
Agent. 
  
 (c) This Agreement shall be binding on each Loan Party
and the Sponsor and its successors and assigns and shall inure, together with all rights and remedies of the Agents and the Lenders hereunder, to the benefit of the Agents and the Lenders and their successors, transferees and assigns. Without
limiting the generality of the immediately preceding sentence, the Agents and the Lenders may assign or otherwise transfer any of their rights under any other Loan Document, to any other Person, and such other Person shall thereupon become vested
with all of the benefits in respect thereof granted to the Agents and the Lenders herein or otherwise, in each case in accordance with the terms and provisions of the Financing Agreement. None of the rights or obligations of any Loan Party or the
Sponsor hereunder may be assigned or otherwise transferred without the prior written consent of the Collateral Agent. Upon the effectiveness of any such new agreement, all of the assignors’ rights and obligations under this Agreement shall
terminate. 
  
 (d) All notices, demands or other communications
required or permitted hereunder shall be in writing and shall be delivered in accordance with the terms and conditions of the Financing Agreement; if to the Collateral Agent at its address set forth in the Financing Agreement; if to any Loan Party
to the address of the Parent as set forth in the Financing Agreement; or if the Sponsor to it at the address set forth on the signature page. 
  
 (e) This Agreement shall be governed by the laws of the State of New York. 
  
 [Remainder of page intentionally left blank] 
  

 -5- 

 IN WITNESS WHEREOF, the Sponsor and the Loan Parties have caused this Agreement to be executed and
delivered by their respective officers thereunto duly authorized as of the day and year first above written. 
  

							
	 HANCOCK PARK CAPITAL II, L.P.

		
	BY:	 	 HANCOCK PARK ASSOCIATES III, LLC,
 its General Partner

			
	 	 	 By:
	 	 /s/ Kevin Listen

	 	 	 	 	 Name:
	 	 Kevin Listen

	 	 	 	 	 Title:
	 	 Vice President

	
	 Address for Notices:

	
	 Hancock Park Capital II, L.P.
 10323 Santa Monica Blvd., Suite 101
 Los Angeles, California 90025
 Fax:(310) 201-0403
 Attention: Michael J. Fourticq, Sr.

  

 -6- 

			
	 Agreed and Acknowledged:

	
	 GB ACQUISITION, INC.

		
	 By:
	 	 /s/ Larry D. Bentley

	 Name:
	 	 Larry D Bentley

	 Title:
	 	 CFO

	
	 BIG RIVER BREWERIES, INC.

		
	 By:
	 	 /s/ Larry D. Bentley

	 Name:
	 	 Larry D. Bentley

	 Title:
	 	 CFO

	
	 GORDON BIERSCH BREWERY
 RESTAURANT GROUP, INC.

		
	 By:
	 	 /s/ Larry D. Bentley

	 Name:
	 	 Larry D. Bentley

	 Title:
	 	 CFO

	
	 BIG RIVER PROPERTIES, INC.

		
	 By:
	 	 /s/ Larry D. Bentley

	 Name:
	 	 Larry D. Bentley

	 Title:
	 	 CFO

  

 -7-

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