AMENDMENT NO. 2 TO LICENSING AGREEMENT
EXHIBIT 10.45
This Amendment No. 2 to Licensing Agreement (this “Amendment”) is entered into effective as of
March 1, 2008, by and between Redhook Ale Brewery, Incorporated, a Washington corporation
(“Redhook”), and Xxxxxx Brothers Brewing Company, an Oregon corporation (“Xxxxxx”).
RECITALS
A. Effective as of February 1, 2003, Redhook and Xxxxxx entered into a Licensing Agreement
(the “Licensing Agreement”). Capitalized terms used but not defined in this Amendment will have the
meanings given those terms in the Licensing Agreement.
B. The Parties now desire to amend the Licensing Agreement in certain respects.
NOW THEREFORE, the parties agree as follows.
1. Consent to Sublicense. Xxxxxx hereby consents to Redhook’s sublicense of the
Trademarks and related intellectual property to Xxxxxx Street Brewery, Inc. (“FSB”), pursuant to
the terms of a Sales, Marketing And Licensing Agreement effective March 1, 2008 between Redhook and
FSB (the “FSB Agreement”).
2. Waiver of Royalties. Provided the FSB Agreement is in effect, Redhook shall not be
required to pay Xxxxxx Royalties on sales of the Product in Illinois, Wisconsin, Iowa, Kentucky and
Nebraska.
3. All of the terms and conditions in the Licensing Agreement not expressly modified herein
remain in full force and effect.
The duly authorized representatives of the undersigned have executed this Amendment as of the
date first above written.
| XXXXXX BROTHERS BREWING COMPANY | REDHOOK ALE BREWERY INCORPORATED | |||||||||
By:
|
/s/ Xxxxxxxxx Xxxxxxx | By: | /s/ Xxxxx X. Xxxxxxxxx | |||||||
Name:
|
Xxxxxxxxx Xxxxxxx | Name: | Xxxxx X. Xxxxxxxxx | |||||||
Title:
|
Vice President–Brewing Operations | Title: | President/COO | |||||||
