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Exhibit 10.6

 

EXECUTIVE EMPLOYMENT AGREEMENT – AMENDMENT NO. 2

 

THIS EXECUTIVE EMPLOYMENT AGREEMENT – AMENDMENT NO. 2 (this “Agreement”) is made and entered into effective October 5, 2009, by and between Granite City Food and Brewery Ltd. (the “Company”) and James G. Gilbertson (“Executive”).

 

RECITALS

 

A.                                    Executive is employed by the Company pursuant to an employment agreement made and entered into November 29, 2007 and pursuant to amendments thereto (the “Employment Agreement”).  Pursuant to such Employment Agreement, Executive is currently employed on an at-will basis and subject to additional provision of the Employment Agreement.

 

B.                                      The Company proposes to enter into a debt conversion transaction (the “Transaction”) with DHW Leasing L.L.C. (“DHW”) pursuant to which DHW will be issued common stock of the Company in exchange for the conversion of certain indebtedness, and DHW will thereupon become the majority shareholder of the Company.

 

C.                                      It is contemplated that Executive will continue in the employ of the Company following the Transaction and the Company desires to secure the services of Executive following the Transaction.

 

D.                                     It is desirable to amend the Employment Agreement to provide for the term of Executive’s employment and to confirm certain severance arrangements in connection therewith.

 

NOW, THEREFORE , in consideration of the premises, the parties hereto agree as follows:

 

1.             Defined Terms .  All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Employment Agreement.

 

2.             Section 3.02 of the Employment Agreement is hereby amended and restated to read as follows:

 

3.02         Executive’s employment pursuant to this Agreement shall continue for a term ending one year following the closing of the debt conversion transaction (the “Transaction”) by and betwe


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