Exhibit 19.2 July 29, 1997 Michael Laybourn Norman Franks Mendocino Brewing Company, Inc. 13351 South Highway 101 Hopland, California 95449 This letter confirms our agreement as follows. The UB Group ("UB") will today advance an additional $114,000 to...Refundable Deposit Agreement • August 14th, 1997 • Mendocino Brewing Co Inc • Malt beverages
This letter confirms our agreement as follows. The UB Group ("UB") will today advance an additional $114,000 to Mendocino Brewing Company, Inc. ("Mendocino"). This advance, together with the $250,000 advance on June 27, 1997, shall be deemed to be an additional "refundable deposit" and shall, together with the original $250,000 deposit, be entitled to the benefits of and subject to the terms and conditions relating to the "refundable deposit" and the "deposit" under the Letter of Intent, the Refundable Deposit Agreement, and the Laybourn Pledge Agreement and the Franks Pledge Agreement (collectively, the "Agreements").
