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EXHIBIT 10.4
KONA GRILL LETTERHEAD
Mark Robinow
5916 Lee Valley Road
Edina, MN 55439
RE: EMPLOYMENT TERMS
Dear Mark:
The
purpose of this letter is to set forth the Employment Terms
regarding
your employment by Kona Grill, Inc., a
Delaware corporation (the "Company") and
you as the ("Executive").
1.
Duties.
Effective October 15, 2004, Executive shall be appointed by
the Board as the Vice President and Chief Financial Officer of
the
Company.
2.
Term.
Executive shall be employed subject to the election of both
parties.
3.
Compensation. Executive's base salary shall be $225,000 per
annum.
The Executive shall be eligible for an annual bonus of up to 40%
of
his base salary based upon successfully achieving certain goals
as
specified by Company management. Following the first quarter of
employment, Executive is eligible for a prorated portion of his
bonus (10% of his full-year base salary based upon one quarter of
a
year of employment) to be paid during the first calendar quarter
of
2005.
4. Stock Options. The
Company will grant Executive stock options to
purchase 270,560 shares in the common stock at an exercise pri
