Document:

<PAGE>
                                                                   EXHIBIT 10.16

                           BUILD-A-BEAR WORKSHOP, INC.
                           RESTRICTED STOCK AGREEMENT
                               FOR MAXINE A. CLARK

                  THIS AGREEMENT, made as of the 3rd day of April, 2000, by and
between Build-A-Bear Workshop, Inc., a Delaware corporation (hereinafter called
the "Company"), and Maxine A. Clark (hereinafter called the "President");

                  WITNESSETH THAT:

                  WHEREAS, the Board of Directors of the Company ("Board of
Directors") desires to benefit Build-A-Bear Workshop, Inc. ("Company") by
increasing motivation on the part of Maxine A. Clark, the president of the
Company ("President"), who is materially important to the development of the
Company's business, by creating an incentive for her to remain in the employ of
the Company and to work to the very best of her abilities for the achievement of
the Company's strategic objectives; and

                  WHEREAS, to further this purpose, the Company desires to make
a restricted stock award to the President for Two Hundred Seventy Four Thousand
Eight Hundred Fifteen (274,815) shares under the terms hereinafter set forth:

                  NOW, THEREFORE, in consideration of the premises, and of the
mutual agreements hereinafter set forth, it is covenanted and agreed as follows:

                  1. Terms of Award. Pursuant to action of the Committee (as
defined in Section 6), which action was taken on April 3, 2000 ("Date of
Award"), the Company awards to the President Two Hundred Seventy Four Thousand
Eight Hundred Fifteen (274,815) shares of the common stock of the Company, of
the par value of $0.01 per share ("Common Stock"); provided, however, that (i)
40% of the shares hereby awarded are immediately transferable (subject to
Section 7) by the President and are not subject to any risk of forfeiture and
(ii) 60% the shares hereby awarded are nontransferable by the President during
the periods described below and are subject to the risk of forfeiture described
below. Prior to the time shares become transferable, the shares of Restricted
Stock shall bear a legend indicating their nontransferability, and, if the
President terminates employment prior to the time a restriction lapses, she
shall forfeit any shares of Restricted Stock which are still subject to the
restrictions at the time of her termination of employment.

                           (a) On the date ending one year after the Date of
         Award, an additional 40% of the shares of Restricted Stock shall become
         transferable by the President if the President is still employed, and
         has been continuously employed during such one-year period, by the
         Company on such date. If on the date ending one year after the Date of
         Award, the President is not employed by the Company, the 40% shares of
         Restricted Stock shall be forfeited by the President.

<PAGE>

                           (b) On the date ending two years after the Date of
         Award, an additional 20% of the shares of Restricted Stock shall become
         transferable by the President if the President is still employed, and
         has been continuously employed during such two-year period, by the
         Company on such date. If on the date ending two years after the Date of
         Award, the President is not employed by the Company, the additional 20%
         shares of Restricted Stock shall be forfeited by the President.

                           (c) Notwithstanding the foregoing, in the event of a
         Change of Control or a Public Offering (both defined below), all
         previously-granted shares of Restricted Stock not yet free of the
         restrictions of Sections 1(a) and (b) above shall become immediately
         free of such restrictions.

                                    (1) For purposes of this Agreement, a Change
                  in Control means:

                                            (A) The purchase or other
                           acquisition (other than from the Company) by any
                           person, entity or group of persons, within the
                           meaning of Section 13(d) or 14(d) of the Securities
                           Exchange Act of 1934, as amended (the "Exchange Act")
                           (excluding, for this purpose, the Company or its
                           subsidiaries or any employee benefit plan of the
                           Company or its subsidiaries), of beneficial ownership
                           (within the meaning of Rule 13d-3 promulgated under
                           the Exchange Act) of 50% or more of either the
                           then-outstanding shares of common stock of the
                           Company or the combined voting power of the Company's
                           then-outstanding voting securities entitled to vote
                           generally in the election of directors; or

                                            (B) Individuals who, as of the date
                           hereof, constitute the Board of Directors of the
                           Company (the "Board" and, as of the date hereof, the
                           "Incumbent Board") cease for any reason to constitute
                           at least a majority of the Board, provided that any
                           person who becomes a director subsequent to the date
                           hereof whose election, or nomination for election by
                           the Company's shareholders, was approved by a vote of
                           at least a majority of the directors then comprising
                           the Incumbent Board (other than an individual whose
                           initial assumption of office is in connection with an
                           actual or threatened election contest relating to the
                           election of directors of the Company, as such terms
                           are used in Rule 14a-11 of Regulation 14A promulgated
                           under the Exchange Act) shall be, for purposes of
                           this section, considered as though such person were a
                           member of the Incumbent Board; or

                                       2

<PAGE>

                                            (C) Approval by the stockholders of
                           the Company of a reorganization, merger or
                           consolidation, in each case with respect to which
                           persons who were the stockholders of the Company
                           immediately prior to such reorganization, merger or
                           consolidation do not, immediately thereafter, own
                           more than 50% of, respectively, the common stock and
                           the combined voting power entitled to vote generally
                           in the election of directors of the reorganized,
                           merged or consolidated corporation's then-outstanding
                           voting securities, or of a liquidation or dissolution
                           of the Company or of the sale of all or substantially
                           all of the assets of the Company.

                                    (2) For purposes of this Agreement, a Public
                  Offering means the creation of an active trading market in
                  Common Stock by the sale of Common Stock to the public
                  pursuant to a registration statement under the Securities Act
                  of 1933.

                  2. Death of the President. In the event of the death of the
President while she is employed by the Company (or its parent or a subsidiary),
or within three (3) months after the termination of her employment (or one year
in the case of the termination of employment of the President who is disabled),
all previously-granted shares of Restricted Stock not yet free of the
restrictions of Section 1 shall become immediately free of such restrictions and
may be exercised by a legatee or legatees of the President under her last will,
or by her personal representatives or distributees, at any time within a period
of one year after her death.

                  3. Cost of Restricted Stock. The purchase price of the shares
of Restricted Stock shall be the fair market value of such shares determined by
the Company in its sole discretion as of the Date of Award. The President may
request a loan from the Company for the purchase price in accordance with the
terms set forth in Exhibit A. Notwithstanding, the purchase price shall not be
less than $4.50 per share.

                  4. Adjustments Upon Changes in Capitalization or Corporate
Acquisitions. Notwithstanding any other provision in the Agreement, if there is
any change in the Common Stock by reason of stock dividends, spin-offs, split
ups, recapitalizations, mergers, consolidations, reorganizations, combinations
or exchanges of shares, the number of shares of Common Stock under this award of
Restricted Stock not yet vested, and the price thereof, as applicable, shall be
appropriately adjusted by the Committee.

                  5. No Right to Continued Employment. Nothing in this Agreement
shall be deemed to create any limitation or restriction on such rights as the
Company otherwise would have to terminate the employment of the President at any
time for any reason.

                                       3
<PAGE>

                  6. Committee Administration. This award has been made pursuant
to a determination made by the directors on the compensation committee of the
Board of Directors ("Committee"), and the Committee or any successor or
substitute committee authorized by the Board of Directors or the Board of
Directors itself, subject to the express terms of this Agreement, shall have
plenary authority to interpret any provision of this Agreement and to make any
determinations necessary or advisable for the administration of this Agreement
and may waive or amend any provisions hereof in any manner not adversely
affecting the rights granted to the President by the express terms hereof.

                  The Committee shall be appointed by the Board of Directors,
which may from time to time appoint members of the Committee in substitution for
members previously appointed and may fill vacancies, however caused, in the
Committee. The Board of Directors shall select one of the Committee members as
its Chairman, and shall hold its meetings at such times and places as it may
determine. A majority of its members shall constitute a quorum. All
determinations of the Committee shall be made by a majority of its members
present at any meeting at which there is a quorum. Any decision or determination
reduced to writing and signed by all of the members shall be fully as effective
as if it had been made by a majority vote at a meeting duly called and held. The
Committee may appoint a secretary, shall keep minutes of its meetings and shall
make such rules and regulations for the conduct of its business as it shall deem
advisable.

                  7. Stockholders' Agreement. This award is granted under and is
expressly subject to all the terms and provisions of the Build-A-Bear Workshop,
Inc. Stockholders' Agreement dated April 3, 2000 ("Stockholders' Agreement").
Optionee hereby acknowledges receipt of a copy of the Stockholders' Agreement
and agrees to be bound by all the terms and provisions thereof.

                  IN WITNESS WHEREOF, the Company has caused this Agreement to
be executed on its behalf and the President has signed this Agreement to
evidence her acceptance of the terms hereof, all as of the date first above
written.

                                    BUILD-A-BEAR WORKSHOP, INC.

                                    By:       /s/ Maxine Clark
                                    -------------------------------------------

                                    PRESIDENT

                                              /s/ Maxine Clark
                                    -------------------------------------------
                                    Maxine A. Clark

                                        4<PAGE>
                                                                   EXHIBIT 10.17

                            SECURED PROMISSORY NOTE

                  FOR VALUE RECEIVED, the undersigned, Maxine Clark
("Borrower"), promises to pay to Build-A-Bear Workshop, Inc. , a Delaware
corporation ("Company"), or its order, the principal amount of One Million Two
Hundred Thirty Six Thousand Six Hundred Sixty Seven and 50/100 Dollars
($1,236,667.50) with interest from the date hereof on the unpaid principal
balance under this Note at the lower of (i) the rate equal to the semi-annual
applicable federal rate (as defined in the Internal Revenue Code of 1986, as
amended), and (ii) the highest rate per annum from time to time permitted by
applicable law. The principal amount of this Note shall be due and payable on
the earlier to occur of the following dates (the "Maturity Date"): (1) April 3,
2005 ; (2) the date on which the indebtedness under this Note is accelerated as
provided for under this Note or the Pledge Agreement (as defined below); (3) the
ninetieth day following the date of Borrower's termination of employment with
Company (or one year following the date of Borrower's termination of employment
if disabled); or (4) the first anniversary following the date of Borrower's
death while she's employed by the Company. All accrued and unpaid interest under
this Note shall be due and payable, concurrently with principal. On the Maturity
Date the entire remaining unpaid principal balance of this Note, together with
any and all accrued and unpaid interest and any and all costs and expenses
provided for under this Note and the Pledge Agreement, shall be due and payable.

                  All payments under this Note shall be made to Company or its
order, in lawful money of the United States of America and in immediately
available funds and delivered to Company by wire transfer to Company's account
as set forth in written instructions delivered by Company to Borrower prior to
the Maturity Date or at the offices of Company at its then principal place of
business or at such other place as Company or any holder hereof shall designate
in writing for such purpose from time to time. If a payment under this Note
otherwise would become due and payable on a Saturday, Sunday or legal holiday,
the due date thereof shall be extended to the next day which is not a Saturday,
Sunday or legal holiday, and interest shall be payable thereon during such
extension. All amounts due under this Note and the Pledge Agreement shall be
payable without defense, set off or counterclaim.

                  Each payment under this Note shall be applied in the following
order: (i) to the payment of costs and expenses provided for under this Note or
the Pledge Agreement; (ii) to the payment of accrued and unpaid interest; and
(iii) to the payment of outstanding principal. Company and each holder hereof
shall have the continuing and exclusive right to apply or reverse and reapply
any and all payments under this Note.

                  This Note may be prepaid in whole or in part at any time,
without penalty except that interest shall be paid to the date of payment on the
principal amount prepaid.

                  This Note shall be not assignable by either of Company or
Borrower without the written consent of the other.

                  Upon the occurrence of a default under this Note or the Pledge
Agreement, including, without limitation, failure to make any principal or
interest payment by the stated

<PAGE>

maturity (whether by acceleration, notice of prepayment or otherwise) for such
payment, interest shall thereafter accrue on the entire unpaid principal balance
under this Note, including, without limitation, any delinquent interest which
has been added to the principal amount due under this Note pursuant to the terms
hereof, at the rate set forth herein plus [5 PERCENT] per annum (on the basis of
a 360-day year and the actual number of days elapsed) or, if lower, the maximum
rate from time to time permitted by applicable law. In addition, upon the
occurrence of a default under this Note or the Pledge Agreement, the holder of
this Note may, at its option, without notice to or demand upon Borrower or any
other party, declare immediately due and payable the entire principal balance
hereof together with all accrued and unpaid interest thereon, plus any other
amounts then owing pursuant to this Note or the Pledge Agreement, whereupon the
same shall be immediately due and payable. On each anniversary of the date of
any default under this Note and while such default is continuing, all interest
which has become payable and is then delinquent shall, without curing the
default under this Note by reason of such delinquency, be added to the principal
amount due under this Note, and shall thereafter bear interest at the same rate
as is applicable to principal, with interest on overdue interest to bear
interest, in each case to the fullest extent permitted by applicable law, both
before and after default, maturity, foreclosure, judgment and the filing of any
petition in a bankruptcy proceeding. In no event shall interest be charged under
this Note which would violate any applicable law.

                  This Note is secured under that certain Repayment and Stock
Pledge Agreement, dated as of even date herewith, by and between Borrower and
Company (as amended from time to time, the "Pledge Agreement"). Reference is
hereby made to the Pledge Agreement for a description of the nature and extent
of the security for this Note and the rights with respect to such security of
the holder of this Note. Nothing herein shall be deemed to limit the rights of
Company under this Note or the Pledge Agreement, all of which rights and
remedies are cumulative.

                  No waiver or modification of any of the terms of this Note
shall be valid or binding unless set forth in a writing specifically referring
to this Note and signed by a dully authorized officer of Company or any holder
of this Note, and then only to the extent specifically set forth therein.

                  If any default occurs in any payment due under this Note,
Borrower and all guarantors and endorsers hereof, and their successors and
assigns, promise to pay all costs and expenses, including attorney's fees,
incurred by each holder hereof in collecting or attempting to collect the
indebtedness under this Note, whether or not any action or proceeding is
commenced. None of the provisions hereof and none of the holder's rights or
remedies under this Note on account of any past or future defaults shall be
deemed to have been waived by the holder's acceptance of any past due
installments or by any indulgence granted by the holder to Borrower.

                  Borrower and all guarantors and endorsers hereof, and their
successors and assigns, hereby waive presentment, demand, diligence, protest and
notice of every kind (except such notices as may be required under the Pledge
Agreement), and agree that, subject to the limitations set forth in the Pledge
Agreement, they shall remain liable for amounts due under this Note
notwithstanding any extension of time or change in the terms of payment of this
Note

                                       2
<PAGE>

granted by any holder hereof, any change, alteration or release of any property
now or hereinafter securing the payment hereof or any delay or failure by the
holder hereof to exercise any rights under this Note or the Pledge Agreement.
Borrower and all guarantors and endorsers hereof, and their successors and
assigns, hereby waive the right to plead any and all statutes of limitations as
a defense to a demand under this Note to the fullest extent permitted by law.

                  This Note shall inure to the benefit of Company, its
successors and assigns and shall bind the heirs, executors, administrators,
successors and assigns of Borrower. Each reference herein to powers or rights of
Company shall also be deemed a reference to the same power or right of such
assignee, to the extent of the interest assigned to them.

                  In the event any one or more provisions of this Note shall be
held to be illegal, invalid or otherwise unenforceable, the same shall not
affect any other provision of this Note and the remaining provisions of this
Note shall remain in full force and effect.

                  This Note shall be governed by and construed in accordance
with the laws of the State of Missouri, without giving affect to the principles
thereof relating to conflicts of law; provided, that Company and each holder
hereof reserves any and all rights it may have under federal law, including
without limitation those relating to the charging of interest.

                                       3
<PAGE>

                  IN WITNESS WHEREOF, Borrower has caused this Note to be duly
executed the day and year first above written.

                                            /s/ Maxine Clark
                                   ---------------------------------------------
                                   Maxine Clark

                                       4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00070-of-00352.parquet"}]]