0001068800-07-001506 Sample Contracts

NON-QUALIFIED STOCK OPTION (FORM S.C.) COVER SHEET UNDER THE ANHEUSER-BUSCH COMPANIES, INC.
Nqso Agreement • November 30th, 2007 • Anheuser-Busch Companies, Inc. • Malt beverages • Missouri

This Non-Qualified Stock Option (Form S.C.) Cover Sheet (the “NQSO Cover Sheet”) and the Standard Non-Qualified Stock Option Form Agreement (Version 11/07, Form S.C.) (the “Standard NQSO Form”), which is incorporated herein by this reference, together constitute a single Non-Qualified Stock Option Agreement (this “NQSO Agreement”) under the Anheuser-Busch Companies, Inc. 2007 Equity and Incentive Plan (the “Plan”). This NQSO Agreement is between Anheuser-Busch Companies, Inc. (the “Company”) and the person named above under the caption “Granted To” (the “Optionee”). By signing below, Optionee accepts the Options granted under this NQSO Agreement, agrees to be bound by the terms of this NQSO Agreement, and acknowledges that he or she has received, read, and understood a complete copy of the Standard NQSO Form which is part of this NQSO Agreement. Optionee understands that he or she may request another copy of the Standard NQSO Form from the Company as long as this NQSO Agreement remains

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INCENTIVE STOCK OPTION (FORM S.C.) COVER SHEET UNDER THE ANHEUSER-BUSCH COMPANIES, INC.
Incentive Stock Option Agreement • November 30th, 2007 • Anheuser-Busch Companies, Inc. • Malt beverages • Missouri

This Incentive Stock Option Cover Sheet (the “ISO Cover Sheet”) and the Standard Incentive Stock Option Form Agreement (Version 11/07) (the “Standard ISO Form”), which is incorporated herein by this reference, together constitute a single Incentive Stock Option Agreement (this “ISO Agreement”) under the Anheuser-Busch Companies, Inc. 2007 Equity and Incentive Plan (the “Plan”). This ISO Agreement is between Anheuser-Busch Companies, Inc. (the “Company”) and the person named above under the caption “Granted To” (the “Optionee”). By signing below, Optionee accepts the Options granted under this ISO Agreement, agrees to be bound by the terms of this ISO Agreement, and acknowledges that he or she has received, read, and understood a complete copy of the Standard ISO Form which is part of this ISO Agreement. Optionee understands that he or she may request another copy of the Standard ISO Form from the Company as long as this ISO Agreement remains outstanding.

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