0001104659-05-012197 Sample Contracts

GRANITE CITY FOOD & BREWERY LTD. NON-QUALIFIED STOCK OPTION AGREEMENT PURSUANT TO 2002 EQUITY INCENTIVE PLAN
Non-Qualified Stock Option Agreement • March 21st, 2005 • Granite City Food & Brewery LTD • Retail-eating places

Granite City Food & Brewery Ltd., a Minnesota corporation (the “Company”), hereby grants to (the “Optionee”), an option (the “Option”) to purchase an aggregate of shares of Stock (the “Shares”), at the price set forth below, and in all respects subject to the terms, definitions and provisions of the Granite City Food & Brewery Ltd. 2002 Equity Incentive Plan (the “Plan”) adopted by the Company, which is attached hereto as Exhibit A and incorporated herein by reference. Unless otherwise defined herein, the terms used herein shall have the meanings assigned to them in the Plan.

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GRANITE CITY FOOD & BREWERY LTD. STOCK OPTION AGREEMENT PURSUANT TO 1997 DIRECTOR STOCK OPTION PLAN
Stock Option Agreement • March 21st, 2005 • Granite City Food & Brewery LTD • Retail-eating places
GRANITE CITY FOOD & BREWERY LTD. NONQUALIFIED STOCK OPTION AGREEMENT PURSUANT TO 1997 STOCK OPTION PLAN
Nonqualified Stock Option Agreement • March 21st, 2005 • Granite City Food & Brewery LTD • Retail-eating places

This AGREEMENT is dated this day of , , and is entered into by and between Granite City Food & Brewery Ltd., a Minnesota corporation (the “Company”), and (the “Optionee”). Unless otherwise defined herein, certain capitalized terms shall have the meaning set forth in the Company’s 1997 Stock Option Plan.

GRANITE CITY FOOD & BREWERY LTD. STOCK OPTION AGREEMENT PURSUANT TO 1997 STOCK OPTION PLAN
Stock Option Agreement • March 21st, 2005 • Granite City Food & Brewery LTD • Retail-eating places

Granite City Food & Brewery Ltd., a Minnesota corporation (the “Company”), hereby grants to (the “Optionee”), an option (the “Option”) to purchase a total of shares of Common Stock (the “Shares”), at the price determined as provided herein, and in all respects subject to the terms, definitions and provisions of the Granite City Food & Brewery Ltd. 1997 Stock Option Plan (the “Plan”) adopted by the Company, which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings herein.

GRANITE CITY FOOD & BREWERY LTD. INCENTIVE STOCK OPTION AGREEMENT PURSUANT TO 2002 EQUITY INCENTIVE PLAN
Incentive Stock Option Agreement • March 21st, 2005 • Granite City Food & Brewery LTD • Retail-eating places

Granite City Food & Brewery Ltd., a Minnesota corporation (the “Company”), hereby grants to (the “Optionee”), an option (the “Option”) to purchase an aggregate of shares of Stock (the “Shares”), at the price set forth below, and in all respects subject to the terms, definitions and provisions of the Granite City Food & Brewery Ltd. 2002 Equity Incentive Plan (the “Plan”) adopted by the Company, which is attached hereto as Exhibit A and incorporated herein by reference. Unless otherwise defined herein, the terms used herein shall have the meanings assigned to them in the Plan.

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