**INTERBREW      SERVICES AGREEMENT**

**THIS      AGREEMENT**

**BETWEEN:**

**INTERBREW      S.A.**
**Interbrew**

**LABATT      BREWING COMPANY LIMITED**
**LBCL**

**WHEREAS:**

**A.**
**“Existing      Agreement”), **

**B.**
**Incorporação      Agreement**
**AmBev**

**C.**

**NOW      THEREFORE THIS AGREEMENT WITNESSES **

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**ARTICLE      1**

**DEFINITIONS      AND INTERPRETATION**

**1.1**
**Definitions**
** **

| (a)   | “**Agreement**”** **means                this agreement and all schedules attached to this agreement, in                each case as they may be amended or supplemented from time to time,                and                the                expressions “hereof”, “herein”, “hereto”, “hereunder”, “hereby” and                similar expressions                refer to this agreement and, unless otherwise indicated, references                to                Articles and Sections are to Articles and Sections in this                agreement; |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | “**Business                Day**”** **means                any day, other than a Saturday or Sunday, on which the principal                commercial banks located in the cities of Toronto and Brussels are                open                for business during normal banking                hours; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | “**Closing                Date**”                has the meaning ascribed thereto in the Incorporação                Agreement; |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | “**Services**”                means the services to be provided by Interbrew to LBCL hereunder,                as                determined by the parties hereto in accordance with Section                2.3(a); |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e)   | “**Term**”                has the meaning ascribed thereto in Section                3.1; |
|-----------------|-------------------------------------------------------------------------------------------------------|

**1.2**
**Number      and Gender**

**1.3**
**Headings**

**1.4**
**Severability**

**1.5**
**Currency**

**1.6**
**Schedules**

**1.7**
**Entire      **
**Agreement**

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**ARTICLE      2**

**SERVICES**

**2.1**
**Termination      of Existing Agreement**

**2.2**
**Services**

**2.3**
**Determination      of Services and Payment**

| (a)   | The                Services which may be provided by Interbrew hereunder, the fees to                be paid                by LBCL as consideration therefor, the purchases which may be made                by                Interbrew on LBCL’s behalf and the applicable Interbrew mark-ups on the                costs thereof from the Closing Date to and including December 31,                2004 are                set out in Schedule “A”                hereto. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | The                Services actually to be rendered by Interbrew hereunder during the                term                shall be determined by the parties from time to time. No Services                shall be                rendered by Interbrew                hereunder without the prior written authorization of the Chief                Financial                Officer of                LBCL. LBCL shall have no obligation to pay for any Services rendered                by Interbrew in the absence of such prior written                authorization. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | Services                provided by Interbrew hereunder may be provided, in whole or in part,                by                certain employees of LBCL (the “**Corporate                Employees**”**)**who                are expected to                spend more than fifty percent (50%) of their working time rendering                services to                Interbrew and in respect of whom one hundred percent (100%) of LBCL’s                employment costs and other operating costs are invoiced to Interbrew                (in |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | Canadian dollars) in accordance with the Labatt                Services Agreement of even date herewith. One hundred percent (100%)                of                the costs associated with such Corporate Employees are included in                the                fees specified in Schedule “A”                hereto.  |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | On                or before October 29, 2004 and January 28, 2005, and                thereafter                (if the Term is extended) on or before the twentieth (20th)                Business Day of April, July, October and January of each year during                the                Term, Interbrew shall transmit to LBCL an invoice setting out Interbrew’s                fees for its provision of Services during the previous calendar quarter                (each, an “**Interbrew                Invoice**”).                LBCL shall pay to Interbrew all amounts owing under each Interbrew                Invoice                within twenty (20) days following the end of the month in which LBCL                received such Interbrew Invoice. Each Interbrew Invoice shall include                a                report of the Services provided (including the hours spent by Interbrew                in                the provision thereof) and any and all purchases made by Interbrew                on                behalf of LBCL in the course or in respect thereof. For Services                in                respect of which the parties have agreed to a flat fee, each Interbrew                Invoice shall include a portion of such fee in respect of the Service                in                question provided during the calendar quarter to which the Interbrew                Invoice relates. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**2.4**
**Taxes**

**ARTICLE      3**

**TERM      AND TERMINATION**

**3.1**
**Term**
**Term**

**3.2**
**Termination      without Cause**
** **

**3.3**
**Termination      for Cause**

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| (a)   | fails                to cure a material breach of its obligations hereunder within thirty                (30)                days after receiving notice of the breach;                or |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | becomes                insolvent or the subject of bankruptcy or insolvency proceedings,                commits                an act of bankruptcy, makes any assignment for the benefit of its                creditors or a receiver is appointed for its business or any part                of its                property. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**3.4**
**Consequences      of Termination**

**ARTICLE      4**

**INDEMNIFICATION**

**4.1**
**Indemnity**
**Losses**

**ARTICLE      5**

**MISCELLANEOUS**

**5.1**
**Notices**

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| (a)   | In                the case of notice to Interbrew,                to: |
|-----------------|-----------------------------------------------------------------------|

| (b)   | In                the case of notice to LBCL, to: |
|-----------------|---------------------------------------------------|

**5.2**
**Amendment;      Waiver**

**5.3**
**Independent      Contractors**

**5.4**
**Further      Assurances**
**.**

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**5.5**
**Force      Majeure**

**5.6**
**Governing      Law**

**5.7**
**Counterparts**
** **

**5.8**
**Successors      and Assigns**

**[Remainder      of page intentionally left blank.]**

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**IN      WITNESS WHEREOF**

|   | **INTERBREW                S.A.**                              |
|--------|----------------------------------------------------------------|
|   |                                                           |
|   |                                                           |
| By:    | /s/                Catherine Noirfalisse                       |
|   | Name: Catherine                Noirfalisse                |
|   | Title: Legal                Counsel                       |
|   |                                                           |
| By:    | /s/                Pierre Winand                               |
|   | Name: Pierre                Winand                        |
|   | Title: Vice                President Planning and Control |

|   | **LABATT                BREWING COMPANY LIMITED** |
|--------|---------------------------------------------------|
|   |                                              |
|   |                                              |
| By:    | /s/                James V. West                  |
|   | Name: James                V. West           |
|   | Title: Vice                President         |
|   |                                              |
| By:    | /s/                Thornburn                      |
|   | Name: Craig                Thornburn         |
|   | Title: Director                              |

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**IN      WITNESS WHEREOF**

|   | **INTERBREW                S.A.** |
|--------|-----------------------------------|
|   |                              |
|   |                              |
| By:    |                              |
|   | Name:                        |
|   | Title:                       |
|   |                              |
| By:    |                              |
|   | Name:                        |
|   | Title:                       |

|   | **LABATT                BREWING COMPANY LIMITED** |
|--------|---------------------------------------------------|
|   |                                              |
|   |                                              |
| By:    |                                              |
|   | Name:                                        |
|   | Title:                                       |
|   |                                              |
| By:    |                                              |
|   | Name:                                        |
|   | Title:                                       |

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**SCHEDULE      “A”**

**SERVICES      THAT MAY BE PROVIDED BY INTERBREW AND APPLICABLE**

**FEES**

| **1.  ** | **Internal                  audit support services at a fee of 139 Euro per hour**  |
|--------------------|------------------------------------------------------------------------------------------|

| **2.  ** | **Legal                  advice at a fee of 139 Euro per hour**  |
|--------------------|-----------------------------------------------------------------------|

| -   | general                  legal advice |
|---------------|---------------------------------------|

| -   | follow                  up and assistance in litigation or in the context of disputes,                  and                  administrative arbitration                  proceedings |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | specialized                  assistance in international commercial                  law |
|---------------|------------------------------------------------------------------------------------------|

| -   | assistance                  with preparation of contracts and other documents of legal                  nature |
|---------------|----------------------------------------------------------------------------------------------------------------|

| -   | specialized                  services in mergers & acquisitions |
|---------------|---------------------------------------------------------------------|

| -   | specialized                  services in competition law matters |
|---------------|------------------------------------------------------------------|

| -   | assistance                  in obtaining export and import licenses as well as other                  licenses |
|---------------|----------------------------------------------------------------------------------------------------------------|

| -   | code                  of conduct/compliance oversight |
|---------------|-------------------------------------------------------|

| -   | corporate                  governance  |
|---------------|---------------------------------------------|

| **3.  ** | **Public                  relations advice at a fee of 139 Euro per hour**  |
|--------------------|----------------------------------------------------------------------------------|

| -    | Advice                  on and assistance with communications to personnel, the public                  and                  governmental or administrative                  authorities |
|---------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **4.  ** | **Advice                  on risk management at a fee of 139 Euro per hour**  |
|--------------------|------------------------------------------------------------------------------------|

| -   | Advice                  on or management of all or part of any required coverage against                  damages,                  risks, civil liabilities and legal                  proceedings |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | negotiation                  of insurance contracts |
|---------------|-----------------------------------------------------|

| -    | administration                  of policies and claims |
|---------------------|--------------------------------------------------------|

| **5.  ** | **IT                  support cost - flat fee of 260.000 Euro from the date hereof until                  31                  December 2004**  |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | Co-ordination                  of ERP and EBI activities, Meta Data management and project                  planning |
|---------------|----------------------------------------------------------------------------------------------------------------------|

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| -   | Co-ordination                    of ERP and EBI activities, Meta Data management and project                    planning |
|---------------|--------------------------------------------------------------------------------------------------------------------------|

| -   | support                  of ERP implementation phase 2 and 3 |
|---------------|--------------------------------------------------------------|

| -   | support                  of standardization and synchronization of SAP CCC initiatives with                  the                  Canadian business |
|---------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | SAP                  HR evaluation and implementation support |
|---------------|---------------------------------------------------------------|

| -   | Communication,                  set up and support of the business intelligence                  program |
|---------------|----------------------------------------------------------------------------------------------------------|

| -   | design                  of global infrastructure standards |
|---------------|------------------------------------------------------------|

| -   | access                  to global network and global                  backbone |
|---------------|--------------------------------------------------------------------------------|

| -   | provision                  of global security standards |
|---------------|---------------------------------------------------------|

| -    | operation                  of global portal (myinterbrew.net) and support for the deployment                  of the                  interbrew.net global standards in                  Canada. |
|---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **6.  ** | **HR                  support services at a fee of 139 Euro per hour**  |
|--------------------|------------------------------------------------------------------------------|

| -   | advice                  on salaries, wages and benefits and reward                  systems |
|---------------|---------------------------------------------------------------------------------------------|

| -   | advice                  on negotiation with unions |
|---------------|----------------------------------------------------|

| -    | advice                  and coordination of training and employee                  development |
|---------------------|------------------------------------------------------------------------------------------------|

| **7.  ** | **Technical                  support services at a fee of 139 Euro per hour**  |
|--------------------|-------------------------------------------------------------------------------------|

| -   | technical                  services, technical skill transfer, value engineering , problem                  solving,                  fire fighting and knowledge management and access to technical                  library |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | laboratory                  analysis and cooperative tests of                  products |
|---------------|-----------------------------------------------------------------------------------------|

| -   | technological                  audits |
|---------------|---------------------------------------|

| -   | advice                  on the purchase and use of raw materials, equipment, spare parts                  and                  machinery |
|---------------|------------------------------------------------------------------------------------------------------------------------------------------|

| -   | project                  engineering |
|---------------|--------------------------------------|

| -   | training                  of staff |
|---------------|------------------------------------|

| -   | tasting                  and sensory analysis |
|---------------|-----------------------------------------------|

| -   | research                  and development services for projects for the sole use and benefit                  of LBCL                  and its subsidiaries  |
|---------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **8.  ** | **Marketing                  and Sales support services at a fee of 139 Euro per                  hour**  |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| -   | assistance                  on marketing research |
|---------------|---------------------------------------------------|

| -   | advice                  on marketing and promotions |
|---------------|-----------------------------------------------------|

| -   | advice                  on distribution and sales for both the on- and off-trade segments |
|---------------|-------------------------------------------------------------------------------------------|

| -  |  training of staff  |
|---------|-------------------------------|

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| **9.  ** | **Pension                  management at a fee of 139 Euro per hour**  |
|--------------------|-----------------------------------------------------------------------------|

| -   | advice                  on pension governance, pension asset risk controlled return                  maximization |
|---------------|-------------------------------------------------------------------------------------------------------------------|

| -   | ensuring                  compliance with local regulations |
|---------------|-------------------------------------------------------------|

| -   | development                  and maintenance of asset manager performance                  analysis |
|---------------|-----------------------------------------------------------------------------------------------------|

| -   | administration                  of pension plan, support reporting and control of pension expenses                  and                  contributions |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| -   | work                  with local pension bodies on local pension issues and hire/fire                  managers  |
|---------------|-----------------------------------------------------------------------------------------------------------------------|

| **10.  ** | **Tax                  support services at a fee of 139 Euro per hour**  |
|---------------------|-------------------------------------------------------------------------------|

| -   | general                  tax advice  |
|---------------|-------------------------------------------|

| **11.  ** | **Purchases                  made on behalf of LBCL - re-invoiced at cost of purchase plus 2%                  mark-up** |
|---------------------|--------------------------------------------------------------------------------------------------------------------------|

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