Exhibit
10.4
 Amended and Restated Continental Distribution and Licensing Agreement
 By:
    
    Craft Brewers Alliance, Inc., a Washington corporation (as successor in
interest by merger to Widmer Brothers Brewing Company, CBAI)
929 N. Russell
Portland, Oregon 97227and:
    
    Kona Brewery LLC, a Hawaii limited liability company (Kona)
75-5629 Kuakini Highway
Kailua Kona, Hawaii 96740Effective Date:
    
    March 27, 2009 (Effective Date)
  BACKGROUND
 A.
    
    The Products are manufactured: (i) by Kona directly; (ii) by Kona indirectly through
contract brewing arrangements; or (iii) by brewers other than Kona through license brewing
arrangements.B.
    
    CBAI is a TTB-licensed wholesaler of malt beverages.C.
    
    Kona and CBAI desire for CBAI to market and distribute, directly or indirectly through
any affiliate, the Products in the Territory pursuant to the ABI Distributor Agreement.
 AGREEMENT
  Definitions
    Exhibit A




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provided however
 Kona Intellectual Property
 Grant of Licenses.
 Representative Samples.
 Notice of Infringements.
 Use of Kona Intellectual Property.
 Usage and Quality Control.




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Ownership of Developments.
 Representations and Warranties.
 Distribution and Marketing
    Exclusivity




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Expansion of Products
  provided however
 Sale of Kona Merchandise provided however
 Minimum Purchase Obligations
 minus
   Purchase Price
 Exhibit B st st provided however




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Compliance with Law
 Confidentiality
 No Disclosure provided however
 Compelled Disclosure
 Confidential Information Defined




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provided however
 Destruction/Return of Information provided however
 Indemnification
 CBAI provided however
 Kona provided however
 Indemnification Procedures




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Insurance
 Warranties; Limitation of Liability
 Warranty of Authority
 Limitation of Liability
 Termination
 Term
 Termination by Either Party




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Termination by CBAI
 Survival of Rights and Obligations
 Notices
 If to Kona, to:Kona Brewery, LLC
75-5629 Kuakini Highway
Kailua Kona, Hawaii 96740
Attn: Mattson Davis
Fax: (808) 334-1884If to CBAI, to:Craft Brewers Alliance, Inc.
929 N. Russell
Portland, Oregon 97227




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Attn: Terry Michaelson
Fax: (503) 281-1496
  Miscellaneous
 Assignment; Sublicense
 Entire Agreement
 Amendment
 Severability
 Consent
 Counterparts
 Waiver
 Attorney Fees




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Force Majeure
 Governing Law
 Arbitration provided however provided however




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CRAFT BREWERS ALLIANCE, INC.
    KONA BREWERY, LLCBy:
    /s/ Mark Moreland
    
    
    By:
    /s/ Mattson DavisMark Moreland
    
    
    Mattson DavisChief Financial Officer
    
    
    President




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EXHIBIT A
 TRADEMARKS
 1.
    
    Big Wave Golden Ale; PTO Registration No. 2,929,7262.
    
    Fire Rock Pale Ale; PTO Registration No. 1,927,6333.
    
    Kona Brewing Co.; PTO Registration No. 2,558,4304.
    
    Kona Brewing Co.  Hand Crafted Ales  Kona, Hawaii and
Gecko (& Design); PTO Registration No. 2,832,0465.
    
    Lavaman Red Ale; PTO Registration No. 3,340,8026.
    
    Liquid Aloha; PTO Registration No. 3,325,8047.
    
    Longboard8.
    
    Longboard Lager; PTO Registration No. 2,675,8079.
    
    Pint of Paradise; PTO Registration No. 3,035,37310.
    
    Longboard Island Lager; PTO Registration No. 3,145,51511.
    
    Pint of Paradise; PTO Registration No. 3,253,70812.
    
    Pipeline Porter; PTO Registration No. 3,243,41313.
    
    Big Kahuna14.
    
    Island Hopper15.
    
    Wailua16.
    
    Wailua Wheat17.
    
    Kona Brewery




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EXHIBIT B
 PRODUCT PRICES
 Kona Pricing to CBAI  Mainland
Effective 1/1/09
 2009Mainland KBC Price to CBAIPDCN
    
    Brand
    
    Flavor
    
    Package
    
    Size
    
    Conv.
    
    Per Unit
    
    Per BBL7KC19
    
    Kon
    
    K-Big Kahuna
    
    Bottle
    
    1/24/12
    
    
    13.78
    
    
    ***
    
    ***2K940
    
    Kon
    
    K-Big Wave
    
    Draft
    
    1/2
    
    
    2.00
    
    
    ***
    
    ***2K930
    
    Kon
    
    K-Big Wave
    
    Draft
    
    1/4
    
    
    4.00
    
    
    ***
    
    ***2K917
    
    Kon
    
    K-Big Wave
    
    Draft
    
    1/6
    
    
    6.00
    
    
    ***
    
    ***2KC12
    
    Kon
    
    K-Big Wave
    
    Bottle
    
    4/6/12
    
    
    13.78
    
    
    ***
    
    ***3K940
    
    Kon
    
    K-Fire Rock
    
    Draft
    
    1/2
    
    
    2.00
    
    
    ***
    
    ***3K930
    
    Kon
    
    K-Fire Rock
    
    Draft
    
    1/4
    
    
    4.00
    
    
    ***
    
    ***3K917
    
    Kon
    
    K-Fire Rock
    
    Draft
    
    1/6
    
    
    6.00
    
    
    ***
    
    ***3KC12
    
    Kon
    
    K-Fire Rock
    
    Bottle
    
    4/6/12
    
    
    13.78
    
    
    ***
    
    ***1K940
    
    Kon
    
    K-Longboard
    
    Draft
    
    1/2
    
    
    2 00
    
    
    ***
    
    ***1K930
    
    Kon
    
    K-Longboard
    
    Draft
    
    1/4
    
    
    4.00
    
    
    ***
    
    ***1K917
    
    Kon
    
    K-Longboard
    
    Draft
    
    1/6
    
    
    6.00
    
    
    ***
    
    ***1KC86
    
    Kon
    
    K-Longboard
    
    Bottle
    
    2/12/12
    
    
    13.78
    
    
    ***
    
    ***1KC12
    
    Kon
    
    K-Longboard
    
    Bottle
    
    4/6/12
    
    
    13.78
    
    
    ***
    
    ***1KC82
    
    Kon
    
    K-Longboard
    
    Bottle
    
    1/12/22
    
    
    15.03
    
    
    ***
    
    ***8K940
    
    Kon
    
    K-Pipeline Porter
    
    Draft
    
    1/2
    
    
    2.00
    
    
    ***
    
    ***8K917
    
    Kon
    
    K-Pipeiine Porter
    
    Draft
    
    1/6
    
    
    6.00
    
    
    ***
    
    ***8KC12
    
    Kon
    
    K-Pipeline Porter
    
    Bottle
    
    4/6/12
    
    
    13.78
    
    
    ***
    
    ***9K940
    
    Kon
    
    K-Wailua Wheat
    
    Draft
    
    1/2
    
    
    2.00
    
    
    ***
    
    ***9K917
    
    Kon
    
    K-Wailua Wheat
    
    Draft
    
    1/6
    
    
    6.00
    
    
    ***
    
    ***9KC12
    
    Kon
    
    K-Wailua Wheat
    
    Bottle
    
    4/6/12
    
    
    13.78
    
    
    ***
    
    ***
 
 ***
    
    Confidential information has been omitted and filed separately with the Securities and Exchange Commission pursuant to a confidential
treatment request.




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SCHEDULE 1.6
 INITIAL PRODUCTS
 Product
    
    StyleBig Wave Golden Ale
    
    Golden AleLongboard Lager
    
    Munchner-style Helles / LagerFire Rock Pale Ale
    
    American-Style Pale AleDukes Blonde Ale
    
    Blonde AleLavaman Red Ale
    
    American-Style Amber / RedCastaway IPA
    
    American-Style IPALilikoi Wheat Ale
    
    American-Style Fruit Wheat BeerBlack Sand Porter
    
    Robust PorterDa Grind Buzz Kona Coffee Imperial Stout
    
    Coffee Imperial StoutHiwahiwa Imperial Stout
    
    Imperial StoutHula Hefeweizen
    
    Bavarian-Style WeissbierMenehune Marzen
    
    Marzen  Dark LagerOld Blowhole Barleywine
    
    BarleywineSummer Solstice Saison
    
    Belgian Summer AleAloha Altbier
    
    AltbierBig Island Ginger
    
    Ginger Small BeerCask-ade
    
    Cask Conditioned IPASmokin Hot Rock
    
    Chili pepper pale ale