Common use of TRANSFER STATEMENT Clause in Contracts

TRANSFER STATEMENT. NOTICE TO: MENDOCINO BREWING COMPANY, INC. FOR VALUE RECEIVED, the undersigned, the holder of that certain Convertible Note initially executed on the Effective Date (as defined below) by Mendocino Brewing Company, Inc. (the "Company") to the Initial Holder (as defined below) in the Face Value set forth below (the "Note"), hereby sells, assigns, transfers and conveys all of the rights of the undersigned under the Note, subject to the terms of the Note, unto the Transferee (as described below): NAME OF TRANSFEREE ADDRESS FACE VALUE OF NOTE The following terms have the following meanings: Effective Date: , 1998 -------------------- Initial Holder: ---------------------------- Dated: TRANSFEROR: -------------------------- [Name of Transferor] By: ------------------------------------- Name: ----------------------------------- Its: ------------------------------------ ACKNOWLEDGMENT OF THE COMPANY: MENDOCINO BREWING COMPANY, INC.