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Exhibit 10.11

NONSTATUTORY
STOCK OPTION AGREEMENT

THIS NONSTATUTORY STOCK OPTION AGREEMENT (this "Agreement") is entered into
effective as of ____________, 20__ (the "Grant Date"), by CRAFT BREWERS
ALLIANCE, INC., a Washington corporation (the "Company"), and _______________
(the "Optionholder").

RECITALS

A.            The Company has adopted the 2010 Stock Incentive Plan (the
"Plan"). Capitalized terms that are used but not defined in this Agreement will
have the meanings given those terms in the Plan.

B.             The Committee has designated the Optionholder to receive a stock
option under the Plan.

NOW, THEREFORE, the Company and the Optionholder agree as follows:

1.             Grant of the Option. The Company grants to the Optionholder a
Nonstatutory Stock Option (the "Option") to acquire from the Company _______
shares of Common Stock (the "Shares") at the price of $____.__ per share (the
"Purchase Price"). The Option is subject to all of the provisions of the Plan
and the terms and conditions specified in this Agreement.

2.             Term of the Option. Unless earlier terminated pursuant to the
Plan, the Option will terminate on the earliest to occur of the following: (a)
the expiration of three (3) months following the date of termination of the
Optionholder's Continuous Service for any reason other than death, Disability or
Cause; (b) the expiration of one year following the date of termination of the
Optionholder's Continuous Service by reason of death or Disability; (c) the date
of termination of the Optionholder's Continuous Service for Cause; and (d) the
tenth anniversary of the Grant Date (________________, 20__).

3.             Exercisability. Except as specified below and in Section 10.3 of
the Plan, the Option will become exercisable (a) as to twenty percent (20%) of
the Shares on the first anniversary of the Grant Date, and (b) as to an
additional twenty percent (20%) of the Shares on each of the next four
anniversaries of the Grant Date. If the Optionholder's Continuous Service
terminates by reason of death or Disability, the Option will immediately become
exercisable in full. If the Optionholder’s Continuous Service terminates by
reason of Cause, all outstanding Options shall be forfeited (whether vested or
not vested) and expire on the date of termination. Except as provided in Section
10.3 of the Plan, if the Optionholder's Continuous Service terminates for any
reason other than death, Disability or Cause, the Option thereafter will be
exercisable only for the Shares as to which it was exercisable on the date of
termination.

 
 

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4.             Exercise of the Option. In order to exercise the Option, the
Optionholder must do the following:

(a)            deliver to the Company a written notice, in substantially the
form of the attached Exhibit A, specifying the number of Shares for which the
Option is being exercised;

(b)            tender payment to the Company of the aggregate Purchase Price for
the Shares for which the Option is being exercised, which amount may be paid –

(i)             by check;

(ii)            by delivery to the Company of shares of Common Stock already
owned by the Optionholder that have a Fair Market Value, as of the date of
exercise, equal to the aggregate Purchase Price payable;

(iii)           delivery (in a form approved by the Committee) of an irrevocable
direction to a securities broker acceptable to the Committee:

(A)           To sell Shares subject to the Option and to deliver all or a part
of the sales proceeds to the Company in payment of all or a part of the Purchase
Price and withholding taxes due; or

(B)           To pledge Shares subject to the Option to the broker as security
for a loan and to deliver all or a part of the loan proceeds to the Company in
payment of all or a part of the Purchase Price and withholding taxes due; or

(iv)           by such other means as the Committee, in its sole discretion, may
permit at the time of exercise;

(c)            pay, or make arrangements satisfactory to the Committee for
payment to the Company of, all taxes required to be withheld by the Company in
connection with the exercise of the Option; and

(d)            execute and deliver to the Company any other documents required
from time to time by the Committee in order to promote compliance with
applicable laws, rules and regulations.

5.             Tax Withholding and Reimbursement. The Company is authorized to
withhold from the Optionholder's other compensation any withholding and payroll
taxes imposed on the Company in connection with or with respect to the exercise
or other settlement of the Option (the "Payroll Taxes"). In the event the
Optionholder is no longer an employee of the Company at the time of exercise or
there is insufficient other income from which to withhold Payroll Taxes, the
Optionholder agrees to pay the Company an amount sufficient to provide for
payment of all Payroll Taxes.

6.             Acceptance of Option; Further Assurances. By executing this
Agreement, the Optionholder accepts the Option, acknowledges receipt of a copy
of the Plan, and agrees to comply with and be bound by all of the provisions of
the Plan and this Agreement. The Optionholder agrees to execute from time to
time such additional documents as the Company may reasonably require in order to
effectuate the purposes of the Plan and this Agreement.

 
 

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7.             Entire Agreement; Amendments; Binding Effect. This Agreement,
together with the Plan, constitutes the entire agreement and understanding
between the Company and the Optionholder regarding the subject matter hereof.
Except as permitted by the Plan, no amendment of the Option or this Agreement,
or waiver of any provision of this Agreement or the Plan, shall be valid unless
in writing and duly executed by the Company and the Optionholder. The failure of
any party to enforce any of that party's rights against the other party for
breach of any of the terms of this Agreement or the Plan shall not be construed
as a waiver of such rights as to any continued or subsequent breach. This
Agreement shall be binding upon the Optionholder and his or her heirs,
successors and assigns.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and
year first above written.

"Company"
CRAFT BREWERS ALLIANCE, INC.
           
By
       
[Name]
     
[Title]
         
"Optionholder"
         
[Name]
 

 
 
 

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EXHIBIT A

NOTICE OF STOCK OPTION EXERCISE

CRAFT BREWERS ALLIANCE, INC.
2010 STOCK INCENTIVE PLAN

To:
Craft Brewers Alliance, Inc.

929 North Russell Street
Portland, Oregon 97227
Attention:  ___________________

Optionholder:
____________________________

Print Name

Mailing Address:
____________________________

____________________________
____________________________

Telephone Number:
____________________________

Option:
The option evidenced by an Option Agreement dated ___________, 20__.

OPTION EXERCISE

I hereby elect to exercise the Option to purchase shares ("Shares") of common
stock of Craft Brewers Alliance, Inc. ("CBAI"), covered by the Option as
follows:

 
Number of Shares Purchased (a)   
  ___________________

 
Per-Share Option Price (b)
$___________________

 
Aggregate Purchase Price (a times b)
$___________________

 
Closing Date of Purchase   
  ___________________

Form of Payment [Check One]:

 
¨
My check in the full amount of the Aggregate Purchase Price (as well as a check
for any withholding taxes, if this box ¨ is checked).  See "Instructions" below.

 
¨
Delivery of previously owned shares of CBAI common stock with a fair market
value equal to the Aggregate Purchase Price.  See "Instructions" below.  Note
that restricted shares acquired from CBAI under one of its stock plans may be
used for this purpose only if such shares have become vested.

 
A-1

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¨
My irrevocable direction to my securities broker (see below) to sell Shares
subject to the Option and deliver a portion of the sales proceeds to Craft
Brewers Alliance, Inc., in full payment of the Aggregate Purchase Price (as well
as any withholding taxes, if this box ¨ is checked).  See "Instructions"
below.  I hereby confirm that any sale of Shares will be in compliance with
CBAI's policies on insider trading and Rule 144, if applicable.  I HEREBY
IRREVOCABLY AUTHORIZE

______________________ to transfer funds to Craft Brewers Alliance, 
(name of broker)
Inc., from my account in payment of the Aggregate Purchase Price (and
withdolding taxes, if applicable) and Craft Brewers Alliance, Inc., is hereby
directed to issue the Shares for my account with such broker and to transmit the
Shares to the broker indicated above.
 

Instructions:

(1)  If payment is to be by check, a check for the amount of the Aggregate
Purchase Price payable to Craft Brewers Alliance, Inc., should be submitted with
this Notice.

(2)  If payment is to be by surrender of previously owned shares or by
attestation of ownership (see Attestation Form below), either a certificate for
the shares accompanied by a stock power endorsed in blank or the completed
Attestation Form should be submitted with this Notice.  If applicable, a
certificate for any shares in excess of those needed to satisfy the Aggregate
Purchase Price will be returned to you with the certificate for your option
shares.  Any change in registration between the payment shares and the new
shares will require a properly executed stock power that is guaranteed by an
institution participating in a recognized medallion signature guarantee program.

(3)  No withholding tax is due upon exercise of an incentive stock
option.  Withholding tax is due immediately upon exercise of a nonstatutory
stock option by an employee.  If withholding tax is due at the time of exercise,
you will be notified of the amount and satisfactory arrangements must be made
for payment before a stock certificate for your option shares will be delivered
to you (or your broker, if applicable).  Among other alternatives, amounts
necessary to satisfy withholding obligations may be deducted from compensation
otherwise payable to you.

ISSUANCE INSTRUCTIONS FOR STOCK CERTIFICATES

Please register the stock certificate(s) in the following name(s):

______________________________
______________________________
______________________________

If applicable, please check one:  ¨  JT TEN  ¨  TEN COM     ¨  Other

 
A-2

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Please deliver the stock certificate(s) to (check one):

¨  My brokerage account
______________________________
______________________________
______________________________
Attn:  _________________________
Account No.:____________________; or

¨  My mailing address set forth above.

     
Date
 
Signature of Participant

ATTESTATION FORM

As indicated above, I have elected to use shares of CBAI common stock that I
already own to pay the Aggregate Purchase Price of the Option.

I attest to the ownership of the shares represented by the certificate(s) listed
below or to the beneficial ownership of the shares held in the name of my
broker, as indicated in the attached copy of my brokerage statement.  I will be
deemed to have delivered such shares to CBAI in connection with the exercise of
my Option.

I understand that, because I (and any joint owner) will retain ownership of the
shares (the "Payment Shares") deemed delivered to pay the Aggregate Purchase
Price, the number of shares to be issued to me upon exercise of my Option will
be reduced by the number of Payment Shares.  I represent that I have full power
to deliver and convey certificates representing the Payment Shares to CBAI and
by such delivery and conveyance could have caused CBAI to become sole owner of
the Payment Shares.  The joint owner of the Payment Shares, if any, by signing
this Form, consents to these representations and to the exercise of the Option
by this attestation.

I certify that any Payment Shares originally issued to me as restricted shares
are now fully vested.

 
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List certificate(s) and number of shares covered, or attach a copy of your
brokerage statement:

Common Stock
Certificate Number
Number of
Shares Covered
           

Date:  __________________

Print Name of Optionholder:
         
Signature of Optionholder:
         
Print Name of Joint Owner:
         
Signature of Joint Owner:
   

If you are attaching a copy of your brokerage statement, you must have your
securities broker complete the following:

The undersigned hereby certifies that the foregoing attestation is correct.

             
Name of Brokerage Firm
         
Date:
   
By:
 
Telephone No.:_________________________________
                       
Print Name of Signing Broker

 
 
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