Document:

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                                                                     EXHIBIT 4.4

                               AMENDMENT NO. 1 TO
                            SERIES A RIGHTS AGREEMENT

      THIS AMENDMENT NO. 1 TO SERIES A RIGHTS AGREEMENT ("Amendment") is dated
as of May 31, 2005 by and among KONA GRILL, INC., a Delaware corporation (the
"Company") and the investors listed on the signature pages hereto (each an
"Investor" and collectively the "Investors").

                                    RECITALS

      A. The Investors whose names are set forth on the signature pages of this
Amendment are parties to that certain Series A Investor Rights Agreement (the
"Rights Agreement") dated as of August 29, 2003, as amended from time to time,
by and among the Company and the Investors. The Rights Agreement sets forth
certain rights and obligations of the parties to that agreement with respect to
such parties' respective Preferred Shares and Conversion Shares. Capitalized
terms used herein that are not otherwise defined shall have the meanings
assigned to them in the Stockholders' Agreement.

      B. Pursuant to Section 3.4 of the Rights Agreement, the Rights Agreement
may be amended by the written agreement signed by the Company and holders of at
least a majority of the Registrable Securities that are outstanding (including,
for these purposes, Conversion Shares) (the "Approving Parties").

      C. The Approving Parties hold at least a majority of the Registrable
Securities that are outstanding as of the date hereof.

      D. The Company has proposed a firmly underwritten initial public offering
of its common stock pursuant to a registration statement filed under the
Securities Act of 1933, as amended (the "Offering"), and the Approving Parties
believe that it is the best interests of the Company and its Stockholders to
amend the Rights Agreement to terminate certain rights contained therein prior
to the closing of the Offering (the "Closing").

                                    AGREEMENT

      NOW, THEREFORE, in consideration of the premises set forth herein and
other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:

      1. TERMINATION OF CERTAIN RIGHTS; WAIVER OF PREEMPTIVE RIGHTS. Effective
upon (a) the execution and delivery of this Amendment by the Approving Parties;
and (b) the Closing, Sections 2.1 (Information Rights), 2.2 (Inspection Rights),
and 3.1 (Preemptive Rights) of the Rights Agreement shall be cancelled and
terminated in their entirety. The Approving Parties hereby waive the operation
of Section 3.1 of the Rights Agreement as it relates to the Offering.

      2. BINDING NATURE OF AGREEMENT. This Amendment shall be binding upon and
inure to the benefit of the parties hereto and their respective heirs, personal
representatives, successors, and assigns.

      3. EXECUTION AND COUNTERPARTS. This Amendment may be executed in any
number of counterparts, each of which shall be deemed to be an original as
against any party whose signature appears hereon, and all of which shall
together constitute one and the same instrument. This Amendment shall become
binding when one or more counterparts hereof, individually or taken together,
shall bear the signatures of all of the parties reflected hereon as the
signatories. Any photographic or xerographic copy of this Amendment, with all
signatures reproduced on one or more sets of signature pages, shall be
considered for all purposes as if it were an executed counterpart of this
Amendment.

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      4. GOVERNING LAW. This Amendment shall be governed by and construed in
accordance with Arizona law, notwithstanding any Arizona or other
conflicts-of-law provisions to the contrary.

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      IN WITNESS WHEREOF, the parties below have executed this Amendment as of
the date first written above.

                        THE COMPANY:

                        KONA GRILL, INC.

                        By: /s/ Mark S. Robinow
                           -----------------------------------------------------
                        Name: Mark S. Robinow
                             ---------------------------------------------------
                        Its: Chief Financial Officer
                            ----------------------------------------------------

                        THE INVESTORS:

                        /s/ Marcus E. Jundt
                        --------------------------------------------------------
                        Marcus E. Jundt

                        /s/ James R. Jundt
                        --------------------------------------------------------
                        James R. Jundt

                        KONA KC INVESTMENT LLC
                        an Arizona limited liability company

                           By RJN II, LLC, an Arizona limited liability company,
                           Its Manager

                        By: /s/ Robert J. Novak
                           -----------------------------------------------------
                             Robert J. Novak, Manager

                        /s/ D. David Sebold
                        --------------------------------------------------------
                        D. David Sebold

                        /s/ Murray R. Williamson
                        --------------------------------------------------------
                        Murray R. Williamson

                        /s/ Patricia R. Williamson
                        --------------------------------------------------------
                        Patricia R. Williamson

                        /s/ Holly Callen Hamilton
                        --------------------------------------------------------
                        Holly Callen Hamilton

                        /s/ Robert W. Hamilton
                        --------------------------------------------------------
                        Robert W. Hamilton

                                        3
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                        /s/ Ted Mitsakopoulos
                        --------------------------------------------------------
                        Ted Mitsakopoulos

                        /s/ Richard J. Hauser
                        --------------------------------------------------------
                        Richard J. Hauser

                        KONA MN LLC, a Delaware limited liability company

                        By: /s/ Richard Hauser
                           -----------------------------------------------------
                        Name: Richard Hauser
                             ---------------------------------------------------
                        Title: Co-Manager
                              --------------------------------------------------

                        Mary Jane Hauser
                        --------------------------------------------------------
                        Mary Jane Hauser

                        CARL REDFIELD TRUST 2000, DATED 10/18/2000

                        By: /s/ Carl Redfield
                           -----------------------------------------------------
                        Carl Redfield TTEE

                        MARY JOANN JUNDT IRREVOCABLE TRUST

                        By: /s/ Mary Joann Jundt
                           -----------------------------------------------------
                        Name: Mary Joann Jundt
                             ---------------------------------------------------
                        Its: Trustee

                                        4exv10w1

 

Exhibit 10.1

Officer Benefits

America West Holdings Corporation (AWHC) and America West Airlines, Inc. (AWA)

1. Travel Benefits. Positive-space travel on America West Airlines and America West Express is
provided to officers of AWHC and AWA and their eligible dependents, and cash payments are made to
federal and state tax authorities on behalf of each officer to cover tax liability on the value of
travel benefits.

2. Financial Advisory and Tax Preparation Services. Financial advisory and tax preparation
services are provided to officers of AWHC and AWA. Vice Presidents are eligible for reimbursement
up to $3,500 annually and Senior Vice Presidents and above are eligible for reimbursement up to
$4,500 annually. Applicable payroll taxes are withheld on the gross amount of reimbursement made
to each officer.

3. Executive Physicals. Payment of expenses associated with an annual physical exam performed
under the Mayo Clinic, Scottsdale Executive Health Program are provided to officers.

4. Retiree Health Benefits. Retiree Health Benefits (medical, prescription drug, behavioral
health, vision and dental) are available to officers age 55 and at least five (5) years of service
with AWHC or AWA. Eligible dependents may also be covered as long as the retired officer is
eligible for coverage and until the first day of the month in which the officer turns age 65. AWHC
pays 80% of the cost of retiree health benefits for officers and their eligible dependents.

5. Welfare Benefits. Officers hired or promoted before June 2002 are eligible for AWHC paid,
individual level term life insurance policies of $1,000,000 coverage for Vice Presidents,
$1,500,000 for Senior Vice Presidents, $1,750,000 for Executive Vice Presidents and $2,000,000
coverage for Chairman/CEO/President. An officer’s position at the time the policies were activated
determined his or her level of coverage. Cash payments are made to federal and state tax
authorities on behalf of each eligible officer to cover tax liability on the premiums paid for
these policies. In lieu of these individual level term life insurance policies, eligible
officers were allowed to elect to receive annual cash payments equal to the average insurance
premium cost that AWHC would have incurred or continue their participation in split-dollar life
insurance policies and assume those policies from AWHC as of December 31, 2003. Four officers
elected to continue to participate in split-dollar life insurance policies and subsequently assumed
them from AWHC.

Officers are provided self-insured, taxable, supplemental long-term disability (LTD) coverage for
their own occupation. This coverage provides a supplement to the Company’s group disability benefit
program. The LTD supplement covers up to 80% of the officer’s monthly pre-disability base salary
to a maximum monthly benefit of $15,000, offset by any benefit received under the group LTD Plan
(that has a benefit at 66-2/3% of pre-disability base salary to a maximum of $6,667 per month) for
up to two (2) years of LTD. Thereafter, the supplemental LTD plan pays at 66-2/3% of pre-disability
base salary to a maximum of $15,000 per month to age 65, offset by any benefit received under the
group LTD plan.

 

 

6. Automobile Allowance. A taxable automobile allowance up to 6% of monthly base salary to a
maximum of $800 per month is provided to officers.

7. Directors’ and Officers’ Liability Insurance and Indemnification. AWHC has a policy that
provides liability insurance for directors and officers of AWHC or AWA.

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