CONSENT AND AMENDMENTConsent And • July 2nd, 2008 • Craft Brewers Alliance, Inc. • Malt beverages • Washington
This Consent and Amendment is entered into effective as of July 1, 2008 by and among Redhook Ale Brewery, Incorporated (“Redhook”), Widmer Brothers Brewing Company (“Widmer”), Craft Brands Alliance LLC (“CBA”) and Anheuser-Busch, Incorporated (“ABI”).
NON-COMPETITION/NON-SOLICITATION AGREEMENTNon-Competition/Non-Solicitation Agreement • July 2nd, 2008 • Craft Brewers Alliance, Inc. • Malt beverages • Washington
THIS NON-COMPETITION/NON-SOLICITATION AGREEMENT (“Agreement”) is made and entered into as of this 30th day of June, 2008, by and between Redhook Ale Brewery, Incorporated (“Redhook”) and Robert Widmer (“Target Principal”). Redhook and Target Principal are referred to herein separately as a “Party” and collectively as the “Parties”.
Redhook Ale Brewery Letterhead] June 30, 2008Craft Brewers Alliance, Inc. • July 2nd, 2008 • Malt beverages
As you know, Widmer Brothers Brewing Company has agreed to merge into Redhook Ale Brewery, Incorporated (the “Merger”), and on the closing date of the Merger (the "Effective Date"), the surviving corporation will be named Craft Brewers Alliance, Inc. (the "Company"). The purpose of this letter is to confirm our understanding about your employment as the Vice President of Marketing of the Company. As of the Effective Date, this letter will supersede your existing Employment Agreement with Craft Brands Alliance LLC; provided, however, that any Long Term Bonus (as such term is used in your existing Employment Agreement) earned through December 31, 2007, will become fully vested as of the Effective Date and will continue to be paid consistent with the past practice of Craft Brands Alliance LLC and in accordance with the payment schedule attached as Exhibit A.
EMPLOYMENT AGREEMENTEmployment Agreement • July 2nd, 2008 • Craft Brewers Alliance, Inc. • Malt beverages • Oregon
This Employment Agreement (“Agreement”) is between Kurt R. Widmer (“Widmer”) and Redhook Ale Brewery, Incorporated (“Company”) (referred to collectively as the “parties”). Upon the completion of the merger described below, Company will be renamed Craft Brewers Alliance, Inc.
Redhook Ale Brewery Letterhead] June 30, 2008Craft Brewers Alliance, Inc. • July 2nd, 2008 • Malt beverages
As you know, Widmer Brothers Brewing Company has agreed to merge into Redhook Ale Brewery, Incorporated (the “Merger”), and on the closing date of the Merger (the "Effective Date"), the surviving corporation will be named Craft Brewers Alliance, Inc. (the "Company"). The purpose of this letter is to confirm our understanding about your employment as the Co-Chief Executive Officer of the Company. As of the Effective Date, this letter will supersede your existing Employment Agreement with Craft Brands Alliance LLC; provided, however, that any Long Term Bonus (as such term is used in your existing Employment Agreement) earned through December 31, 2007, will become fully vested as of the Effective Date and will continue to be paid consistent with the past practice of Craft Brands Alliance LLC and in accordance with the payment schedule attached as Exhibit A.
Redhook Ale Brewery Letterhead] June 30, 2008Craft Brewers Alliance, Inc. • July 2nd, 2008 • Malt beverages
As you know, Widmer Brothers Brewing Company has agreed to merge into Redhook Ale Brewery, Incorporated (the “Merger”), and on the closing date of the Merger (the "Effective Date"), the surviving corporation will be named Craft Brewers Alliance, Inc. (the "Company"). The purpose of this letter is to confirm our understanding about your employment as the Co-Chief Executive Officer of the Company. As of the Effective Date, this letter will supersede your existing letter of employment with Redhook Ale Brewery, Incorporated.
Redhook Ale Brewery Letterhead] June 30, 2008Craft Brewers Alliance, Inc. • July 2nd, 2008 • Malt beverages
As you know, Widmer Brothers Brewing Company ("Widmer") has agreed to merge into Redhook Ale Brewery, Incorporated (the “Merger”), and on the closing date of the Merger (the "Effective Date"), the surviving corporation will be named Craft Brewers Alliance, Inc. (the "Company"). The purpose of this letter is to confirm our understanding about your employment as the Vice President of Brewing Operations and Technology of the Company. As of the Effective Date, this letter will supersede your existing Employment Agreement with Widmer.
EMPLOYMENT AGREEMENTEmployment Agreement • July 2nd, 2008 • Craft Brewers Alliance, Inc. • Malt beverages • Oregon
This Employment Agreement (“Agreement”) is between Robert P. Widmer (“Widmer”) and Redhook Ale Brewery, Incorporated (“Company”) (referred to collectively as the “parties”). Upon the completion of the merger described below, Company will be renamed Craft Brewers Alliance, Inc.
Redhook Ale Brewery Letterhead] June 30, 2008Craft Brewers Alliance, Inc. • July 2nd, 2008 • Malt beverages
As you know, Widmer Brothers Brewing Company ("Widmer") has agreed to merge into Redhook Ale Brewery, Incorporated (the “Merger”), and on the closing date of the Merger (the "Effective Date"), the surviving corporation will be named Craft Brewers Alliance, Inc. (the "Company"). The purpose of this letter is to confirm our understanding about your employment initially as the Chief Accounting Officer of the Company and thereafter as Chief Financial Officer and Treasurer of the Company, with the transition in positions anticipated to occur during the third quarter of 2008. As of the Effective Date, this letter will supersede your existing offer letter with Widmer.
