Document:

Amended and Restated 2005 Stock Incentive Plan

 Exhibit 10.6 
 FAMOUS DAVE’S OF AMERICA, INC. 
 AMENDED AND RESTATED 

2005 STOCK INCENTIVE PLAN 
 (Effective January 21, 2013) 
 1. Purpose. The purpose of
the 2005 Stock Incentive Plan (the “Plan”) of Famous Dave’s of America, Inc. (the “Company”) is to increase stockholder value and to advance the interests of the Company by furnishing a variety of economic incentives
(“Incentives”) designed to attract, retain and motivate employees, certain key consultants and directors of the Company. Incentives may consist of opportunities to purchase or receive shares of Common Stock, $0.01 par value per share, of
the Company (“Common Stock”) on terms determined under this Plan. 
 2. Administration. The Plan shall be
administered by the board of directors of the Company (the “Board of Directors”) or by a stock option or compensation committee (the “Committee”) of the Board of Directors. The Committee shall consist of not less than two
directors of the Company and shall be appointed from time to time by the Board of Directors. Each member of the Committee shall be (i) a “non-employee director” within the meaning of Rule 16b-3 of the Securities Exchange Act of
1934 (including the regulations promulgated thereunder, the “1934 Act”) (a “Non-Employee Director”), and (ii) shall be an “outside director” within the meaning of Section 162(m) under the Internal Revenue Code
of 1986, as amended (the “Code”) and the regulations promulgated thereunder. The Committee shall have complete authority to award Incentives under the Plan, to interpret the Plan, and to make any other determination which it believes
necessary and advisable for the proper administration of the Plan. The Committee’s decisions and matters relating to the Plan shall be final and conclusive on the Company and its participants. If at any time there is no stock option or
compensation committee, the term “Committee”, as used in the Plan, shall refer to the Board of Directors; provided, however, all Incentives granted under the Plan to Non-Employee Directors be approved and administered by a Committee
satisfying the criteria set forth in the second sentence of this Section 2. 
 3. Eligible Participants.
Officers of the Company, employees of the Company or its subsidiaries, members of the Board of Directors, and consultants or other independent contractors who provide services to the Company or its subsidiaries shall be eligible to receive
Incentives under the Plan when designated by the Committee. Participants may be designated individually or by groups or categories (for example, by pay grade) as the Committee deems appropriate. Participation by officers of the Company or its
subsidiaries and any performance objectives relating to such officers must be approved by the Committee. Participation by others and any performance objectives relating to others may be approved by groups or categories (for example, by pay grade)
and authority to designate participants who are not officers and to set or modify such targets may be delegated. 

4. Types of Incentives. Incentives under the Plan may be granted in any one or a combination of the following forms:
(a) performance shares (section 6); (b) incentive stock options and non-statutory stock options (section 7); (c) stock appreciation rights (“SARs”) (section 8); (d) stock awards (section 9); (e) restricted stock
(section 9); and restricted stock units (section 9). Subject to the specific limitations provided in this Plan, payment of Incentives may be in the form of cash, Common Stock or combinations thereof as the Committee shall determine, and with such
other restrictions as it may impose. 

  
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 5. Shares Subject to the Plan. 

5.1. Number of Shares. Subject to adjustment as provided in Section 10.6, the number of shares of Common Stock which may be
issued under the Plan shall not exceed 950,000 shares of Common Stock. Shares of Common Stock that are issued under the Plan or are subject to outstanding Incentives will be applied to reduce the maximum number of shares of Common Stock remaining
available for issuance under the Plan. For purposes of clarification, the award of any Incentives payable only in cash will not reduce the number of shares of Common Stock remaining and available to be issued under the Plan. 

5.2. Cancellation. To the extent that cash in lieu of shares of Common Stock is delivered upon the exercise of a SAR pursuant to
Section 8.4, the Company shall be deemed, for purposes of applying the limitation on the number of shares, to have issued the greater of the number of shares of Common Stock which it was entitled to issue upon such exercise or on the exercise
of any related option. In the event that a stock option or SAR granted hereunder expires or is terminated or canceled unexercised as to any shares of Common Stock, such shares may again be issued under the Plan either pursuant to stock options, SARs
or otherwise. In the event that shares of Common Stock are issued as performance shares, restricted stock or pursuant to a stock award and thereafter are forfeited or reacquired by the Company pursuant to rights reserved upon issuance thereof, such
forfeited and reacquired shares may again be issued under the Plan, either as performance shares, restricted stock, pursuant to stock awards or otherwise. 
 5.3. Type of Common Stock. Common Stock issued under the Plan in connection with stock options, SARs, performance shares, restricted stock or stock awards, may be authorized and unissued shares or
treasury stock, as designated by the Committee. 
 6. Performance Shares. A performance share consists of an award
which shall be paid in shares of Common Stock, as described below. The grant of a performance share shall be subject to such terms and conditions as the Committee deems appropriate, including the following: 

6.1. Performance Objectives. Each performance share will be subject to performance objectives for the Company or one of its
operating units to be achieved by the end of a specified period, which period shall be at least one year in length. The number of performance shares granted shall be determined by the Committee and may be subject to such terms and conditions, as the
Committee shall determine. If the performance objectives are achieved, each participant will be paid in shares of Common Stock. If such objectives are not met, each grant of performance shares may provide for lesser payments in accordance with
formulas established in the award. 
 6.2. Not Stockholder. The grant of performance shares to a participant shall not
create any rights in such participant as a stockholder of the Company, until the payment of shares of Common Stock with respect to an award. 
 6.3. No Adjustments. No adjustment shall be made in performance shares granted on account of cash dividends which may be paid or other rights which may be issued to the holders of Common Stock
prior to the end of any period for which performance objectives were established. 

  
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 6.4. Expiration of Performance Share. If any participant’s employment or
consulting engagement with the Company is terminated for any reason other than normal retirement, death or disability prior to the achievement of the participant’s stated performance objectives, all the participant’s rights on the
performance shares shall expire and terminate unless otherwise determined by the Committee. In the event of termination of employment or consulting by reason of death, disability, or normal retirement, the Committee, in its own discretion may
determine what portions, if any, of the performance shares should be paid to the participant. 
 7. Stock Options. A
stock option is a right to purchase shares of Common Stock from the Company. Each stock option granted by the Committee under this Plan shall be subject to the following terms and conditions: 

7.1. Price. The option price per share shall be determined by the Committee, subject to adjustment under Section 10.6;
provided that option price shall be not less than the Fair Market Value of the Common Stock subject to the option on the date of grant. 
 7.2. Number. The number of shares of Common Stock subject to the option shall be determined by the Committee, subject to adjustment as provided in Section 10.6. The number of shares of Common
Stock subject to a stock option shall be reduced in the same proportion that the holder thereof exercises a SAR if any SAR is granted in conjunction with or related to the stock option. Notwithstanding the foregoing, no person shall receive grants
of Stock Options under the Plan that exceed 75,000 shares during any one fiscal year of the Company. 
 7.3. Duration and
Time for Exercise. Subject to earlier termination as provided in Section 10.4, the term of each stock option shall be determined by the Committee but shall not exceed ten years and one day from the date of grant. Each stock option shall
become exercisable at such time or times during its term as shall be determined by the Committee at the time of grant, but shall not become exercisable more quickly than ratably over three years unless the Committee determines in its discretion that
a faster schedule is warranted. The Committee may not accelerate the exercisability of any stock option unless such acceleration is in connection with a Change in Control of the Company (as defined in Section 11.1) or the death, disability or
retirement of a Plan participant. 
 7.4. Manner of Exercise. A stock option may be exercised, in whole or in part, by
giving written notice to the Company, specifying the number of shares of Common Stock to be purchased and accompanied by the full purchase price for such shares. The option price shall be payable (a) in United States dollars upon exercise of
the option and may be paid by cash, uncertified or certified check or bank draft; (b) at the discretion of the Committee, by delivery of shares of Common Stock in payment of all or any part of the option price, which shares shall be valued for
this purpose at the Fair Market Value on the date such option is exercised; or (c) at the discretion of the Committee, by instructing the Company to withhold from the shares of Common Stock issuable upon exercise of the stock option shares of
Common Stock in payment of all or any part of the exercise price and/or any related withholding tax obligations, which shares shall be valued for this purpose at the Fair Market Value or in such other manner as may be authorized from time to time by
the Committee. The shares of Common Stock delivered by the participant pursuant to Section 6.4(b) must have been held by the participant for a period of not less than six months prior to the exercise of the option, unless otherwise determined
by the Committee. Prior to the issuance of shares of Common Stock upon the exercise of a stock option, a participant shall have no rights as a stockholder. 
 7.5. Incentive Stock Options. Notwithstanding anything in the Plan to the contrary, the following additional provisions shall apply to the grant of stock options which are intended to qualify as
Incentive Stock Options (as such term is defined in Section 422 of the Code): 
 (a) The aggregate Fair Market Value
(determined as of the time the option is granted) of the shares of Common Stock with respect to which Incentive Stock Options are exercisable for the first time by any 

  
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participant during any calendar year (under all of the Company’s plans) shall not exceed $100,000. The determination will be made by taking incentive stock options into account in the order
in which they were granted. If such excess only applies to a portion of an Incentive Stock Option, the Committee, in its discretion, will designate which shares will be treated as shares to be acquired upon exercise of an Incentive Stock Option.

 (b) Any Incentive Stock Option certificate authorized under the Plan shall contain such other provisions as the Committee
shall deem advisable, but shall in all events be consistent with and contain all provisions required in order to qualify the options as Incentive Stock Options. 
 (c) All Incentive Stock Options must be granted within ten years from the earlier of the date on which this Plan was adopted by Board of Directors or the date this Plan was approved by the stockholders.

 (d) Unless sooner exercised, all Incentive Stock Options shall expire no later than 10 years after the date of grant.

 (e) The option price for Incentive Stock Options shall be not less than the Fair Market Value of the Common Stock subject to
the option on the date of grant. 
 (f) If Incentive Stock Options are granted to any participant who, at the time such option
is granted, would own (within the meaning of Section 422 of the Code) stock possessing more than 10% of the total combined voting power of all classes of stock of the employer corporation or of its parent or subsidiary corporation, (i) the
option price for such Incentive Stock Options shall be not less than 110% of the Fair Market Value of the Common Stock subject to the option on the date of grant and (ii) such Incentive Stock Options shall expire no later than five years after
the date of grant. 
 8. Stock Appreciation Rights. A SAR is a right to receive, without payment to the Company, a
number of shares of Common Stock, cash or any combination thereof, the amount of which is determined pursuant to the formula set forth in Section 8.4. A SAR may be granted (a) with respect to any stock option granted under this Plan,
either concurrently with the grant of such stock option or at such later time as determined by the Committee (as to all or any portion of the shares of Common Stock subject to the stock option), or (b) alone, without reference to any related
stock option. Each SAR granted by the Committee under this Plan shall be subject to the following terms and conditions: 
 8.1.
Number. Each SAR granted to any participant shall relate to such number of shares of Common Stock as shall be determined by the Committee, subject to adjustment as provided in Section 10.6. In the case of a SAR granted with respect to a
stock option, the number of shares of Common Stock to which the SAR pertains shall be reduced in the same proportion that the holder of the option exercises the related stock option. 

8.2. Duration. Subject to earlier termination as provided in Section 10.4, the term of each SAR shall be determined by the
Committee but shall not exceed ten years and one day from the date of grant. Unless otherwise provided by the Committee, each SAR shall become exercisable at such time or times, to such extent and upon such conditions as the stock option, if any, to
which it relates is exercisable. The Committee may in its discretion accelerate the exercisability of any SAR. 
 8.3.
Exercise. A SAR may be exercised, in whole or in part, by giving written notice to the Company, specifying the number of SARs which the holder wishes to exercise. Upon receipt of such written notice, the Company shall, within 90 days
thereafter, deliver to the exercising holder certificates for the shares of Common Stock or cash or both, as determined by the Committee, to which the holder is entitled pursuant to Section 8.4. 

8.4. Payment. Subject to the right of the Committee to deliver cash in lieu of shares of Common Stock (which, as it pertains to
officers and directors of the Company, shall comply with all requirements of the 1934 Act), the number of shares of Common Stock which shall be issuable upon the exercise of a SAR shall be determined by dividing: 

  
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 (a) the number of shares of Common Stock as to which the SAR is exercised multiplied by the
amount of the appreciation in such shares (for this purpose, the “appreciation” shall be the amount by which the Fair Market Value of the shares of Common Stock subject to the SAR on the exercise date exceeds (1) in the case of a SAR
related to a stock option, the purchase price of the shares of Common Stock under the stock option or (2) in the case of a SAR granted alone, without reference to a related stock option, an amount which shall be determined by the Committee at
the time of grant, subject to adjustment under Section 10.6); by 
 (b) the Fair Market Value of a share of Common Stock on
the exercise date. 
 In lieu of issuing shares of Common Stock upon the exercise of a SAR, the Committee may elect to pay the
holder of the SAR cash equal to the Fair Market Value on the exercise date of any or all of the shares which would otherwise be issuable. No fractional shares of Common Stock shall be issued upon the exercise of a SAR; instead, the holder of the SAR
shall be entitled to receive a cash adjustment equal to the same fraction of the Fair Market Value of a share of Common Stock on the exercise date or to purchase the portion necessary to make a whole share at its Fair Market Value on the date of
exercise. 
 9. Stock Awards, Restricted Stock and Restricted Stock Units. A stock award consists of the transfer by
the Company to a participant of shares of Common Stock, without other payment therefor, as additional compensation for services to the Company. Restricted stock consists of shares of Common Stock which are sold or transferred by the Company to a
participant at a price determined by the Committee (which price shall be at least equal to the minimum price required by applicable law for the issuance of a share of Common Stock) and subject to restrictions on their sale or other transfer by the
participant. Restricted stock units evidence the right to receive shares of Common Stock at a future date. The transfer of Common Stock pursuant to stock awards and the transfer and sale of restricted stock shall be subject to the following terms
and conditions: 
 9.1. Number of Shares. The number of shares to be transferred or sold by the Company to a participant
pursuant to a stock award or as restricted stock, or the number of shares that may be issued pursuant to a restricted stock unit, shall be determined by the Committee. 
 9.2. Sale Price. The Committee shall determine the price, if any, at which shares of restricted stock shall be sold to a participant, which may vary from time to time and among participants and
which may be below the Fair Market Value of such shares of Common Stock at the date of sale. 
 9.3. Restrictions. All
shares of restricted stock transferred or sold hereunder, and all restricted stock units granted hereunder, shall be subject to such restrictions as the Committee may determine which restrictions shall lapse over a period not less than three years
from the date of grant as determined by the Committee, including, without limitation any or all of the following: 
 (a) a
prohibition against either the sale, transfer, pledge or other encumbrance of the shares of restricted stock, or the delivery of shares pursuant to restricted stock units, such prohibition to lapse at such time or times as the Committee shall
determine (whether in annual or more frequent installments, at the time of the death, disability or retirement of the holder of such shares, or otherwise); 
 (b) a requirement that the holder of shares of restricted stock or restricted stock units forfeit, or (in the case of shares sold to a participant) resell back to the Company at his or her cost, any right
to all or a part of such shares or units in the event of termination of his or her employment or consulting engagement during any period in which such shares or units are subject to restrictions; 

(c) such other conditions or restrictions as the Committee may deem advisable. 

  
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 9.4. Escrow. In order to enforce the restrictions imposed by the Committee pursuant
to Section 9.3, the participant receiving restricted stock or restricted stock units, as applicable, shall enter into an agreement with the Company setting forth the conditions of the grant. Shares of restricted stock shall be registered in the
name of the participant and deposited, together with a stock power endorsed in blank, with the Company. Each such certificate shall bear a legend in substantially the following form: The transferability of this certificate and the shares of Common
Stock represented by it are subject to the terms and conditions (including conditions of forfeiture) contained in the 2005 Stock Incentive Plan of Famous Dave’s of America, Inc. (the “Company”), and an agreement entered into between
the registered owner and the Company. A copy of the Plan and the agreement is on file in the office of the secretary of the Company. 
 9.5. Issuance and Delivery of Shares. Subject to Section 10.5, at the end of any time period during which the shares of restricted stock are subject to forfeiture and restrictions on transfer,
such shares will be delivered free of all restrictions to the participant or to the participant’s legal representative, beneficiary or heir. In the case of restricted stock units, no shares shall be issued at the time such restricted stock
units are granted. Subject to Section 10.5, upon the lapse or waiver of restrictions applicable to restricted stock units, or at a later time specified in the agreement governing the grant of restricted stock units, any shares derived from the
restricted stock units shall be issued and delivered to the holder of the restricted stock units. 
 9.6. Stockholder.
Subject to the terms and conditions of the Plan, each participant receiving restricted stock shall have all the rights of a stockholder with respect to shares of stock during any period in which such shares are subject to forfeiture and restrictions
on transfer, including without limitation, the right to vote such shares. Dividends paid in cash or property other than Common Stock with respect to shares of restricted stock shall be paid to the participant currently. Any holder of restricted
stock units shall not be, and shall not have rights and privileges of, a stockholder with respect to any shares that may be derived from the restricted stock units unless and until such shares have been issued. 

10. General. 
 10.1. Effective Date. The Plan will become effective upon its approval by the Company’s stockholders. Unless approved by the stockholders within one year after the date of the Plan’s
adoption by the Board of Directors, the Plan shall not be effective for any purpose. 
 10.2. Duration. The Plan shall
remain in effect until all Incentives granted under the Plan have either been satisfied by the issuance of shares of Common Stock or the payment of cash or been terminated under the terms of the Plan and all restrictions imposed on shares of Common
Stock in connection with their issuance under the Plan have lapsed. No Incentives may be granted under the Plan after the tenth anniversary of the date the Plan is approved by the stockholders of the Company. 

10.3. Non-transferability of Incentives. No stock option, SAR, restricted stock, restricted stock unit or performance award may be
transferred, pledged or assigned by the holder thereof (except, in the event of the holder’s death, by will or the laws of descent and distribution to the limited extent provided in the Plan or the Incentive, or pursuant to a qualified domestic
relations order as defined by the Code or Title I of the Employee Retirement Income Security Act, or the rules thereunder), and the Company shall not be required to recognize any attempted assignment of such rights by any participant.
Notwithstanding the preceding sentence, stock options may be transferred by the holder thereof to Employee’s spouse, children, grandchildren or parents (collectively, the “Family Members”), to trusts for the benefit of Family Members,
to partnerships or limited liability companies in which Family Members are the only partners or shareholders, or to entities exempt from federal income taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
During a participant’s lifetime, a stock option may be exercised only by him or her, by his or her guardian or legal representative or by the transferees permitted by the preceding sentence. 

10.4. Effect of Termination or Death. In the event that a participant ceases to be an employee of or consultant to the Company for
any reason, including death or disability, any Incentives may be exercised (or payments or shares may be delivered thereunder) or shall expire at such times as may be determined by the Committee and, if applicable, set forth in the Incentive.

  
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 10.5. Additional Condition. Notwithstanding anything in this Plan to the contrary:
(a) the Company may, if it shall determine it necessary or desirable for any reason, at the time of award of any Incentive or the issuance of any shares of Common Stock pursuant to any Incentive, require the recipient of the Incentive, as a
condition to the receipt thereof or to the receipt of shares of Common Stock issued pursuant thereto, to deliver to the Company a written representation of present intention to acquire the Incentive or the shares of Common Stock issued pursuant
thereto for his or her own account for investment and not for distribution; and (b) if at any time the Company further determines, in its sole discretion, that the listing, registration or qualification (or any updating of any such document) of
any Incentive or the shares of Common Stock issuable pursuant thereto is necessary on any securities exchange or under any federal or state securities or blue sky law, or that the consent or approval of any governmental regulatory body is necessary
or desirable as a condition of, or in connection with the award of any Incentive, the issuance of shares of Common Stock pursuant thereto, or the removal of any restrictions imposed on such shares, such Incentive shall not be awarded or such shares
of Common Stock shall not be issued or such restrictions shall not be removed, as the case may be, in whole or in part, unless such listing, registration, qualification, consent or approval shall have been effected or obtained free of any conditions
not acceptable to the Company. 
 10.6. Adjustment. In the event of any change in the outstanding Common Stock of the
Company by reason of a stock dividend, stock split, reverse stock split, combination of shares, spin-off, dividend (other than regular, quarterly cash dividends), recapitalization, merger or similar event, the Committee shall make appropriate
adjustments in the number of shares of Common Stock then subject to the Plan, the shares of Common Stock issuable pursuant to any Incentive, the exercise price of any stock option or SAR, the Performance Goals for any Incentive, and other provisions
of this Plan and outstanding Incentives, in order to reflect the change in the Common Stock and to provide Plan participants with the same relative rights before and after such adjustment. 

10.7. Incentive Plans and Agreements. Except in the case of stock awards, the terms of each Incentive shall be stated in a plan or
agreement approved by the Committee. The Committee may also determine to enter into agreements with holders of options to reclassify or convert certain outstanding options, within the terms of the Plan, as Incentive Stock Options or as non-statutory
stock options and in order to eliminate SARs with respect to all or part of such options and any other previously issued options. 
 10.8. Withholding. 
 (a) The Company shall have the right to withhold from
any payments made under the Plan or to collect as a condition of payment, any taxes required by law to be withheld. At any time when a participant is required to pay to the Company an amount required to be withheld under applicable income tax laws
in connection with a distribution of Common Stock or upon exercise of an option or SAR, the participant may satisfy this obligation in whole or in part by electing (the “Election”) to have the Company withhold from the distribution shares
of Common Stock having a value up to the minimum amount of withholding taxes required to be collected on the transaction. The value of the shares to be withheld shall be based on the Fair Market Value of the Common Stock on the date that the amount
of tax to be withheld shall be determined (“Tax Date”). 
 (b) Each Election must be made prior to the Tax Date. The
Committee may disapprove of any Election, may suspend or terminate the right to make Elections, or may provide with respect to any Incentive that the right to make Elections shall not apply to such Incentive. An Election is irrevocable. 

10.9. No Continued Employment, Engagement or Right to Corporate Assets. No participant under the Plan shall have any right,
because of his or her participation, to continue in the employ of the Company for any period of time or to any right to continue his or her present or any other rate of compensation. Nothing contained in the Plan shall be construed as giving an
employee, a consultant, such persons’ beneficiaries or any other person any equity or interests of any kind in the assets of the Company or creating a trust of any kind or a fiduciary relationship of any kind between the Company and any such
person. 

  
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 10.10. Deferral Permitted. Payment of cash or distribution of any shares of Common
Stock to which a participant is entitled under any Incentive shall be made as provided in the Incentive. Payment may be deferred at the option of the participant if provided in the Incentive. 

10.11. Amendment of the Plan. The Board may amend or discontinue the Plan at any time. However, no such amendment or
discontinuance shall adversely change or impair, without the consent of the recipient, an Incentive previously granted. Further, no such amendment shall, without approval of the shareholders of the Company, (a) increase the maximum number of
shares of Common Stock which may be issued to all participants under the Plan, (b) change the class of persons eligible to receive Incentives under the Plan, or (c) materially increase the benefits accruing to participants under the Plan.

 10.12. Change in Control. In the event of a Change in Control (as defined in Section 11.1), the Committee or a
comparable committee of any corporation assuming the obligations of the Company hereunder shall declare that the restriction period of all restricted stock and restricted stock units has been eliminated, that all outstanding stock options and SARs
shall accelerate and become exercisable in full but that all outstanding Stock Options and SARs, whether or not exercisable prior to such acceleration, must be exercised within the period of time set forth in a notice to Participant or they will
terminate, and that all performance shares granted to Participants are deemed earned at 100% of target levels and shall be paid. In connection with any declaration pursuant to this Section 10.12, the Committee may, but shall not be obligated
to, cause a cash payment to be made to each Plan participant who holds a stock option or SAR that is terminated in an amount equal to the product obtained by multiplying (x) the amount (if any) by which the Transaction Proceeds Per Share (as
defined in Section 11.3) exceeds the exercise price per share covered by such stock option times (y) the number of shares of Common Stock covered by such stock option or SAR. 

The Board may restrict the rights of Plan participants or the applicability of this Section 10.13 to the extent necessary to comply
with Section 16(b) of the Exchange Act, the Code or any other applicable law or regulation. The grant of an Incentive pursuant to the Plan shall not limit in any way the right or power of the Company to make adjustments, reclassifications,
reorganizations or changes of its capital or business structure or to merge, exchange or consolidate or to dissolve, liquidate, sell or transfer all or any part of its business or assets. 

10.13. Prohibition on Repricing. Except in connection with a corporate transaction involving the Company (including, without
limitation, any stock dividend, stock split, extraordinary cash dividend, recapitalization, reorganization, merger, consolidation, split-up, spin-off, combination, or exchange of shares), the terms of outstanding Incentives may not be amended to
reduce the exercise price of outstanding Options or SARs or cancel outstanding Options or SARS in exchange for cash, other awards or Options or SARs with an exercise price that is less than the exercise price of the original Options or SARs without
shareholder approval. 
 10.14. Code Section 409A Provisions. Notwithstanding anything in the Plan or any Incentive
agreement to the contrary, to the extent that any amount or benefit that constitutes “deferred compensation” to a Participant under Section 409A of the Code and applicable guidance thereunder is otherwise payable or distributable to a
Participant under the Plan or any Incentive agreement solely by reason of the occurrence of a change in control or due to the Participant’s disability or separation from service, such amount or benefit will not be payable or distributable to
the Participant by reason of such circumstance unless and until the Committee determines in good faith that (i) the circumstances giving rise to such change in control, disability or separation from service meet the definition of a change in
ownership or control, disability, or separation from service, as the case may be, in Section 409A(a)(2)(A) of the Code and applicable regulations, or (ii) the payment or distribution of such amount or benefit would be exempt from the
application of Section 409A of the Code by reason of the short-term deferral exemption or otherwise. Any payment or distribution that otherwise would be made to a Participant who is a Specified Employee (as determined under Code
Section 409A by the Committee in good faith) on account of separation from 

  
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service may not be made before the date which is six (6) months after the date of the Specified Employee’s separation from service (or death, if earlier) unless the payment or
distribution is exempt from the application of Section 409A of the Code by reason of the short term deferral exemption or otherwise. 
 11. Definitions. 
 11.1. Change in Control. A “Change in
Control” means any of the following: 
 (a) Any individual, entity or group (within the meaning of Section 13(d)(3) or
14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (a “Person”) becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either
(A) the then-outstanding shares of Common Stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then-outstanding voting securities of the Company entitled to vote generally in the
election of directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this Section 11.1, the following acquisitions shall not constitute a Change in Control: (i) any
acquisition directly from the Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any affiliated company or (iv) any acquisition
pursuant to a transaction that complies with Sections 11.1(c)(1), 11.1(c)(2) and 11.1(c)(3); 
 (b) Individuals who, as of the
date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose
election, or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual was a member of the Incumbent
Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the Board; 
 (c) Consummation of a reorganization,
merger, statutory share exchange or consolidation or similar transaction involving the Company or any of its subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or stock of
another entity by the Company or any of its subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (1) all or substantially all of the individuals and entities that were the beneficial
owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 60% of the then-outstanding shares of common stock (or,
for a non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the
case may be, of the entity resulting from such Business Combination (including, without limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through
one or more subsidiaries) in substantially the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (2) no
Person (excluding any corporation resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 20% or
more of, respectively, the then-outstanding shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such corporation, except to the extent that such
ownership existed prior to the Business Combination, and (3) at least a majority of the members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity resulting from such Business Combination were
members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or 
 (d) Approval by the stockholders of the Company of a complete liquidation or dissolution of the Company. 

  
 9 

 11.2 Fair Market Value. The “Fair Market Value” of a share of Common Stock
at a specified date shall, unless otherwise expressly provided in this Plan, be the amount which the Committee or the Board of Directors determines in good faith to be 100% of the fair market value of such a share as of the date in question;
provided, however, that notwithstanding the foregoing, if such shares are listed on a U.S. securities exchange, then Fair Market Value shall be determined by reference to the last sale price of a share of Common Stock on such U.S. securities
exchange on the applicable date. If such U.S. securities exchange is closed for trading on such date, or if the Common Stock does not trade on such date, then the last sale price used shall be the one on the date the Common Stock last traded on such
U.S. securities exchange. 
 11.3 Transaction Proceeds Per Share. “Transaction Proceeds Per Share” in
connection with a Change in Control shall mean the cash plus the Fair Market Value of the non-cash consideration to be received per share by the shareholders of the Company upon the occurrence of the transaction. 

  
 10Third Amendment to the Second Amended and Restated Credit Agreement

 Exhibit 10.11 
 Loan Nos. 04 2508 01 
 93-0909703 

THIRD AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT 

AGREEMENT 
 THIS THIRD AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (“Amendment”) is entered into as of March 14, 2013, 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”), the lenders from time to time a party hereto (each, a
“Lender” and, collectively, the “Lenders”), and WELLS FARGO BANK, NATIONAL ASSOCIATION (“Wells Fargo”), as Administrative Agent and L/C Issuer. 

R E C I T A L S 
 A. Borrowers, Wells Fargo, as Administrative Agent and L/C Issuer, and the Lenders a party thereto have entered into that certain Second Amended and Restated Credit Agreement dated as of March 4,
2010, as amended by that certain letter agreement dated February 1, 2011, and that certain First Amendment to Second Amended and Restated Credit Agreement dated as of July 5, 2011 and that certain Second Amendment to Second Amended and
Restated Credit Agreement dated as of November 1, 2012 (the “Credit Agreement”). 
 B. As of the date
hereof, Wells Fargo is the only Lender under the Credit Agreement. 
 C. The parties desire to amend the Credit Agreement to
modify certain provisions of the Credit Agreement, all subject to the terms and conditions hereinafter set forth. 
 NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrowers and Lenders hereby covenant and agree as follows: 
 1. Definitions. Capitalized terms used herein and not defined herein shall have the meanings provided therefor in the Credit Agreement. 

2. Amendment Closing Date. As used in this Amendment, the term “Amendment Closing Date” shall mean the first date
that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith. 

 3. Amendments to Credit Agreement. Effective as of the Amendment Closing Date:

 (a) The following definition in Section 1.01 of the Credit Agreement shall be amended and restated
in its entirety as follows: 
 “Fee Letter” means the letter agreement, dated as of March 14, 2013 by and
between the Borrowers and the Administrative Agent, as the same may be amended, restated, modified or otherwise supplemented from time to time. 
 (b) The following new definition is added to Section 1.01 of the Credit Agreement. 
 “Royalties Receivable Percentage” means, at any date, the ratio (expressed as a percentage) of (a) the balance sheet royalties receivable of the Borrowers and their Subsidiaries
(determined on a consolidated basis in accordance with GAAP consistently applied) that are aged more than thirty (30) days but not more than one hundred twenty (120) days (such period being referred to as the “Aging Period”) to
(b) the total billings of royalties due and payable to Borrowers and their Subsidiaries during such Aging Period. 
 (c) Section 14.04 of the Credit Agreement is hereby amended (i) by inserting in subsection (a), after the word “permit,” the phrase “at any time through and
including the third (3rd) fiscal quarter of fiscal
year 2012” and (ii) by adding the following new subsection (c): 
  

	 	(c)	 Borrowers shall not permit (i) the Royalties Receivable Percentage to exceed (A) ten percent (10%) from and after the last day of the
fourth fiscal quarter of fiscal year 2012 through the first (1st) fiscal quarter of fiscal year 2014 or (B) eight and one-half percent (8.5%) thereafter or (ii) the total balance sheet royalties receivable of Borrowers and their Subsidiaries
(determined on a consolidated basis in accordance with GAAP consistently applied) that are aged more than one hundred twenty (120) days to exceed (A) $600,000 from and after the last day of the fourth fiscal quarter of fiscal year 2012
through the first (1st) fiscal quarter of fiscal year
2014 or (B) $400,000 thereafter. 

 4. Organizational Documents. Each of the Borrowers represents
and warrants that (a) the articles or certificates of formation or organization and bylaws of such Borrower most recently furnished to Administrative Agent have not been modified or amended (except for amendments furnished to Administrative
Agent) and remain in full force and effect (b) the representations and warranties set forth in Sections 5.01, 5.02, 5.03, 5.26 and 5.27 of the Credit Agreement are true and correct in all material respects as
of the date hereof. 

  
 2 

 5. Term Loan. The parties hereto hereby acknowledge and agree that the outstanding
principal balance of the Term Loan and the Term Loan Commitment have been reduced to $5,269,999.96 as of March 14, 2013. 
 6.
Conditions Precedent to Effectiveness of this Amendment. The effectiveness of this Amendment is subject to satisfaction of the following conditions precedent: 

(a) The Administrative Agent’s receipt of the following, unless waived by the Administrative Agent, each of which
shall be originals or facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Borrower, each dated the Amendment Closing Date (or, in the case of certificates of
governmental officials, a recent date before the Amendment Closing Date) and each in form and substance satisfactory to the Administrative Agent and its legal counsel: 
 (i) two (2) executed counterparts of this Amendment; 
 (ii) two
(2) executed counterparts of the Fee Letter; 
 (iii) a revised Compliance Certificate as of the end of the fourth fiscal
quarter of fiscal year 2012 evidencing compliance with the financial covenants set forth in Article XIV of the Credit Agreement (including the amended Section 14.04 set forth above); 

(iv) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each
Borrower as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment and the other Loan Documents executed
in connection herewith to which such Borrower is a party; 
 (v) a favorable opinion or opinions (or an update of any existing
opinion or opinions given on or about the Closing Date) of counsel to the Borrowers, addressed to the Administrative Agent and each Lender, as to such matters concerning the Loan Parties and this Amendment and the Loan Documents as the
Administrative Agent may reasonably request; and 
 (vi) such other assurances, certificates, documents, consents or opinions as
the Administrative Agent reasonably may require; 
 (b) The Borrowers shall have paid to the Administrative Agent
for the account of each applicable Lender all fees required to be paid hereunder or under the Fee Letter by Borrowers on the Amendment Closing Date; and 

  
 3 

 (c) Unless waived by the Administrative Agent, the Borrowers shall have paid
all Attorney Costs of the Administrative Agent to the extent invoiced prior to or on the Amendment Closing Date, plus such additional amounts of Attorney Costs as shall constitute its reasonable estimate of Attorney Costs incurred or to be incurred
by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Borrowers and the Administrative Agent). 

7. Ratification. The Credit Agreement, as amended by this Amendment, is hereby ratified and remains in full force and effect.
Nothing contained herein shall be deemed to be a novation of any Note or otherwise affect the priority of the lien of any Loan Documents. 
 8. Release. In consideration of the Administrative Agent’s and the Lenders’ entering into this Amendment, each Borrower hereby fully and unconditionally releases and forever discharges
each of the Administrative Agent and the Lenders, and their respective directors, officers, employees, subsidiaries, branches, affiliates, attorneys, agents, representatives, successors and assigns and all persons, firms, corporations and
organizations acting on any of their behalves (collectively, the “Released Parties”), of and from any and all claims, allegations, causes of action, costs or demands and liabilities, of whatever kind or nature, from the beginning of
the world to the date on which this Amendment is executed, whether known or unknown, liquidated or unliquidated, fixed or contingent, asserted or unasserted, foreseen or unforeseen, matured or unmatured, suspected or unsuspected, anticipated or
unanticipated, which any Borrower or any Subsidiary has, had, claims to have or to have had or hereafter claims to have or have had against the Released Parties by reason of any act or omission on the part of the Released Parties, or any of them,
occurring prior to the date on which this Amendment is executed, including all such loss or damage of any kind heretofore sustained or that may arise as a consequence of the dealings among the parties up to and including the date on which this
Amendment is executed, including the administration or enforcement of the Credit Agreement (collectively, all of the foregoing are the “Claims”). Each Borrower represents and warrants that it has no knowledge of any claim by it or
by any Subsidiary against the Released Parties or of any facts or acts or omissions of the Released Parties which on the date hereof would be the basis of a Claim by it or by any Subsidiary or any other Loan Party against the Released Parties which
is not released hereby, and each Borrower represents and warrants that the foregoing constitutes a full and complete release of all Claims by or on behalf of each Borrower and any Subsidiary. The inclusion of a release provision in this Amendment
shall not give rise to any inference that but for such release, any Claim otherwise would exist. 
 9. Counterparts. This
Amendment may be executed in any number of counterparts, each of which when executed and delivered shall be deemed to be an original, and all such counterparts together shall constitute one and the same instrument. 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date
first above written. 
  

			
	 FAMOUS DAVE’S OF AMERICA, INC.,
 a Minnesota corporation

		
	By:	 	/s/ Diana Purcel
	Name:	 	Diana Purcel
	 Title:
	 	Chief Financial Officer

  

			
	 D&D OF MINNESOTA, INC.,
 a Minnesota corporation

		
	By:	 	/s/ Diana Purcel
	Name:	 	Diana Purcel
	Title:	 	Chief Financial Officer

  

			
	 LAKE & HENNEPIN BBQ AND BLUES, INC.,
 a Minnesota corporation

		
	By:	 	/s/ Diana Purcel
	Name:	 	Diana Purcel
	Title:	 	Chief Financial Officer

  

			
	 FAMOUS DAVE’S RIBS, INC.,
 a Minnesota corporation

		
	By:	 	/s/ Diana Purcel
	Name:	 	Diana Purcel
	Title:	 	Chief Financial Officer

 
			
	 FAMOUS DAVE’S RIBS-U, INC.,

a Minnesota corporation

		
	By:	 	/s/ Diana Purcel
	Name:	 	Diana Purcel
	Title:	 	Chief Financial Officer
	
	 FAMOUS DAVE’S RIBS OF MARYLAND, INC.,
 a Minnesota corporation

		
	By:	 	/s/ Christopher O’Donnell
	Name:	 	Christopher O’Donnell
	Title:	 	President

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent
		
	By:	 	/s/ Darcy McLaren
	Name:	 	Darcy McLaren
	Title:	 	Vice President

  

			
	By:	 	/s/ Maureen S. Malphus
	Name:	 	Maureen S. Malphus
	Title:	 	Vice President

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as L/C Issuer and as a Lender
		
	By:	 	/s/ Darcy McLaren
	Name:	 	Darcy McLaren
	Title:	 	Vice President

  

			
	By:	 	/s/ Maureen S. Malphus
	Name:	 	Maureen S. Malphus
	Title:	 	Vice President

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