0000891020-07-000086 Sample Contracts

ASSIGNMENT AND ASSUMPTION OF LEASE (BREWERY)
Assignment and Assumption of Lease • March 30th, 2007 • Pyramid Breweries Inc • Malt beverages

This Assignment and Assumption of Lease (the “Assignment”) is made as of October 27, 2006, by and between PBC ACQUISITION, LLC, a Delaware limited liability company (“Assignor”), and PYRAMID BREWERIES INC., a Washington corporation (“Assignee”).

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PYRAMID BREWERIES INC. RESTRICTED STOCK AWARD AGREEMENT (Annual Performance Stock Award)
Restricted Stock Award Agreement • March 30th, 2007 • Pyramid Breweries Inc • Malt beverages • Washington

Pyramid Breweries Inc., a Washington corporation (the “Company”), has granted you an award of shares of restricted common stock of the Company (the “Stock Award”). This Stock Award is made under the Company’s 2004 Equity Incentive Plan (the “Plan”) on the following terms, subject to the terms and conditions of the Plan.

SETTLEMENT AND RELEASE AGREEMENT
Settlement and Release Agreement • March 30th, 2007 • Pyramid Breweries Inc • Malt beverages

This Settlement and Release Agreement (“Agreement”) is between Portland Brewing Company (“PBC”), Pyramid Breweries, Inc. (“PMID”) and The United States Department of the Treasury- Alcohol and Tobacco Tax and Trade Bureau (“TTB”).

PYRAMID BREWERIES DISTRIBUTION AGREEMENT STATE OF WASHINGTON CERTAIN DEFINITIONS:
Pyramid Breweries Distribution Agreement • March 30th, 2007 • Pyramid Breweries Inc • Malt beverages • Washington
LEASE EXTENSION AGREEMENT
Lease Extension Agreement • March 30th, 2007 • Pyramid Breweries Inc • Malt beverages

THIS LEASE EXTENSION AGREEMENT (“Agreement”) is entered into this 31st day of July, 2006, by and between MACTARNAHAN LIMITED PARTNERSHIP, an Oregon limited partnership (“Landlord”), and PBC ACQUISITION, LLC, a Delaware limited liability company (“Tenant”).

SEPARATION AGREEMENT AND RELEASE
Separation Agreement and Release • March 30th, 2007 • Pyramid Breweries Inc • Malt beverages • Washington

THIS SEPARATION AGREEMENT AND RELEASE (the “Agreement”) is entered into by John J. Lennon (hereinafter referred to as “Employee”) and Pyramid Breweries Inc., its affiliates, officers, directors and managers (hereinafter referred to as “Pyramid”).

EMPLOYMENT SEPARATION AGREEMENT BETWEEN PYRAMID BREWERIES INC. AND JASON REES
Employment Separation Agreement • March 30th, 2007 • Pyramid Breweries Inc • Malt beverages • Washington

This agreement (the “Employment Separation Agreement”) between you, Jason Rees and us, Pyramid Breweries Inc. (“Pyramid”), is dated for reference purposes August 25, 2006 which is the date we delivered it to you for your consideration.

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