0001104659-03-005269 Sample Contracts

DEVELOPMENT AGREEMENT BETWEEN DONALD A. DUNHAM, JR. AND GRANITE CITY FOOD & BREWERY, LTD. Date of Development Agreement October 22, 2002
Development Agreement • March 28th, 2003 • Granite City Food & Brewery LTD • Retail-eating places • Minnesota

THIS DEVELOPMENT AGREEMENT (hereinafter referred to as this “Agreement”), made, entered into and effective this 22 day of October, 2002, by and between GRANITE CITY FOOD & BREWERY, LTD., a Minnesota corporation, hereinafter referred to as “Granite City”, and DONALD A. DUNHAM, JR., an individual, hereinafter referred to as the “Developer”;

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FORM OF FOUNDERS FOOD & FIRKINS LTD. NON-QUALIFIED STOCK OPTION AGREEMENT OUTSIDE THE STOCK OPTION PLANS
Non-Qualified Stock Option Agreement • March 28th, 2003 • Granite City Food & Brewery LTD • Retail-eating places • Minnesota

THIS AGREEMENT is made and entered into as of December 27, 2001, between Founders Food & Firkins Ltd. a Minnesota corporation (herein called the “Company”) and , (herein called the “Optionee”).

March 17, 2003 Granite City Food & Brewery Ltd.
Development Agreement • March 28th, 2003 • Granite City Food & Brewery LTD • Retail-eating places
ASSIGNMENT, ACCEPTANCE, AND CONSENT
Assignment Agreement • March 28th, 2003 • Granite City Food & Brewery LTD • Retail-eating places

For and in consideration of One Dollar ($1.00), and other good and valuable consideration, DONALD A. DUNHAM, JR., an individual residing in Sioux Falls, South Dakota (“Assignor”), hereby assigns to DUNHAM CAPITAL MANAGEMENT, L.L.C., a South Dakota limited liability company, located in Sioux Falls, South Dakota (“Assignee”), all of the Assignor’s right, title and interest in and to that certain Development Agreement, by and between Assignor, an individual residing in Sioux Falls, South Dakota (“Developer”) and Granite City Food & Brewery, Ltd., a South Dakota limited liability company, hereinafter referred to as “Granite City,” dated as of October 22, 2002 (the “Agreement”). From and after the date of this assignment, the Assignee shall be deemed to be the “Developer” under the Agreement.

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