Exhibit 10.2
July 25, 1999
Mr. C. Xxxxx Xxxxxx
C/o Crooked River Brewing Company, LLC
0000 Xxxxxx Xx.
Xxxxxxxxx XX 00000
VIA FAX
Gentlemen:
Reference is made to the Letter Agreement, dated June 30, 1999 (the
"Agreement"), by and between Xxxxxxxxx Brewing Co. (the "Company") and Xxxxxx
International Brewing Group, LLC ("SIBG"). The Company hereby agrees to extend
the Exclusive Period (as defined in the Agreement) from June 26, 1999 through
and including August 8, 1999. In consideration therefor, SIBG will pay, via wire
transfer to the Company's designated account, the sum of $50,000 (the "Extension
Payment") no later than the close of business on July 27, 1999. The Extended
Exclusive period shall terminate at 10:00 a.m. E.T., if said sum is not received
by the Company before such time. Said sum will be utilized for the benefit of
the Company in a manner agreed upon by the Company and SIBG and shall be
credited against the purchase price paid by SIBG for its investment in the
Company but shall not be refunded if SIBG does not make the entire contemplated
investment in the Company. All of the terms of and conditions of the Letter
Agreement will continue in full forced and effect during the Extended Exclusive
Period.
Sincerely,
Xxxxx X. Xxxxxxx
Chairman and CEO
The foregoing is hereby agreed to and accepted:
C. Xxxxx Xxxxxx
Chairman
Xxxxxx International Brewing Group, LLC
