ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

Fifth Amendment to Credit Agreement

On April 17, 2012, Granite City Food & Brewery Ltd. ("Granite City") and Fifth Third Bank entered into a Fifth Amendment to the Credit Agreement originally dated as of May 10, 2011 (the "Fifth Amendment") to adjust the temporary increase in the line of credit due to the delay of the sale-leaseback of Granite City's property in Troy, Michigan (the "Troy Property").

Pursuant to the Fifth Amendment, the line of credit was decreased from $12 million to $11.5 million, effective April 17, 2012. Such amount will be available to Granite City until the earlier to occur of (a) consummation of Granite City's planned sale-leaseback of its Troy Property, or (b) June 30, 2012. As of such date, the line of credit commitment will decrease from $11.5 million to $10 million, bringing the total credit facility amount to $20 million.

The foregoing description of the Fifth Amendment does not purport to be complete and is qualified in its entirety by reference to the Fifth Amendment, which is filed as Exhibit 10 to this Current Report on Form 8-K and incorporated herein by reference.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

See "Exhibit Index."

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