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  EXHIBIT 10.1    
    

July 15,
2010 

BMO
Financial Group Global Financial Services

Agent Bank Services

234 Simcoe Street, 3rd Floor

Toronto, Ontario M5T IT4 CANADA 

Attention:
Ms. Virginia Contreras 

Re:
Credit Agreement dated March 2, 2005 

Ladies
and Gentlemen: 

        We
refer to the Credit Agreement dated March 2, 2005, as amended (the "Credit Agreement") among the undersigned, Molson Coors
Brewing Company (the "Company"), the borrowing subsidiaries party thereto, the lenders party thereto, Wachovia Bank, National Association, as
Administrative Agent, Bank of Montreal, as Canadian Administrative Agent and Harris Nesbitt as syndication agent. Capitalized terms used in this letter without definition shall have the same meanings
given them in the Credit Agreement. 

        Bank
of Montreal is a Canadian Issuing Bank under the Credit Agreement. Section 2.05(c) of the Credit Agreement provides that each Letter of Credit must expire on the earliest of
the date one year after the date of issuance of such Letter of Credit (or, in the case of any extension or renewal thcreof, one year after such extension or renewal) or the date that is 5 Business
Days prior to the Maturity Date; provided that an Issuing Bank may extend the date of expiration of such Letter of Credit to a date that is after the
date that is five Business Days prior to the Maturity Date. The Company has requested that Bank of Montreal, as a Canadian Issuing Bank, issue Letters of Credit that expire later than 5 Business Days
prior to the Maturity date and to induce Bank of Montreal to do so the Company agrees with Bank of Montreal that (1) any Letters of Credit issued by Bank of Montreal under the Credit Agreement
that expire later than 5 Business Days prior to the Maturity Date will constitute Letters of Credit issued under the Credit Agreement for all purposes whatsoever, (2) if any Letters of Credit
issued by Bank of Montreal under the Credit Agreement are outstanding on the date that is 30 days prior to the Maturity Date the Company will deposit on such date with Bank of Montreal, as a
Canadian Issuing Bank, immediately available funds in an amount equal to 105% of the maximum amount available to be drawn under such Letters of credit on that date (the "Cash
Collateral") to secure the Company's indebtedness, obligations and liabilities to Bank of Montreal as a Canadian Issuing Bank arising in connection with such Letters of Credit.
Bank of Montreal may retain the Cash Collateral so long as any of such Letters of Credit are outstanding, (3) any such Letters of Credit shall continue to be subject to the terms of any letter
of credit application or agreement entered into in connection with such Letter of Credit, and (4) the first sentence of Section 2.05(e) (other than the proviso thereto) and
Section 2.05(f) and (h), 2.12(b), 2.13 and 10.03 of the Credit Agreement shall continue in full force and effect so long as any Letter of Credit issued by Bank of Montreal remains outstanding
or any reimbursement obligation arising in connection with a drawing under any such Letter of Credit unpaid, except that any amounts payable to Bank of Montreal may apply the Cash Collateral to the
payment of the Company's obligation to reimburse Bank of Montreal for such drawing. Bank of Montreal agrees to return any remaining Cash Collateral to the Company upon the expiration or termination of
all of such Letters of Credit and the payment in fun of all of the Company's obligations to Bank of Montreal with respect thereto. 

 

 

					
	 	 	Very truly yours,
	

 	
 	
MOLSON COORS BREWING COMPANY
	

 	
 	
 By	
 	
/s/ JULIO RAMIREZ

  Julio Ramirez
 Vice President and Treasurer

 

 

 
         Accepted
and Agreed as of the date first written above. 

 

 

					
	 	 	BANK OF MONTREAL
	

 	
 	
 By	
 	
/s/ ROBERT H. WOLOHAN

  Robert H. Wolohan
 Vice President

 

         Acknowledged
and Agreed as of the date first written above. 

 

 

					
	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent
	

 	
 	
 By	
 	
/s/ STEVE ANDERSON

  Steve Anderson
 Executive Vice President

 

 

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  EXHIBIT 10.2    
    

        SUPPLEMENT NO. 7 dated as of September 30, 2010, to the Subsidiary Guarantee Agreement dated as of March 2, 2005, among
MOLSON COORS BREWING COMPANY, a Delaware corporation (the "Company"). COORS BREWING COMPANY, MOLSON CANADA 2005, MOLSON INC., MOLSON COORS
CANADA INC. and COORS BREWERS LIMITED (the "Initial Borrowing Subsidiaries" and, together with the Company and other Borrowing Subsidiaries from
time to time party to the Credit Agreement, the "Borrowers"), each subsidiary of the Company listed on Schedule I thereto (each such subsidiary
individually, a "Guarantor" and collectively, the "Guarantors") and WACHOVIA BANK, NATIONAL ASSOCIATION,
as Administrative Agent (the "Administrative Agent"). 

        A.    Reference
is made to the Credit Agreement dated as of March 2, 2005 (as amended, restated, supplemented or otherwise modified from time to time, the
"Credit Agreement"), among the Company, the Initial Borrowing Subsidiaries and other Borrowing Subsidiaries from time to time party thereto, the Lenders
from time to time party thereto, the Administrative Agent and Bank of Montreal, as Canadian Administrative Agent. 

        B.    Capitalized
terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement and the Subsidiary Guarantee
Agreement referred to therein. 

        C.    The
Guarantors have entered into the Subsidiary Guarantee Agreement in order to induce the Lenders to make Loans and accept and purchase B/As upon the terms and subject
to the conditions set forth in the Credit Agreement. Section 21 of the Subsidiary Guarantee Agreement provides that additional Subsidiaries of the Company may become Guarantors under the
Subsidiary Guarantee Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the "New
Subsidiary") is executing this Supplement in accordance with the requirements of the Credit Agreement to become a Guarantor under the Subsidiary Guarantee Agreement in order to
induce the Lenders to make additional Loans and accept and purchase additional B/As and as consideration for Loans previously made and B/As previously accepted and purchased. 

        Accordingly,
the Administrative Agent and the New Subsidiary agree as follows: 

        SECTION 1.    In
accordance with Section 21 of the Subsidiary Guarantee Agreement, the New Subsidiary by its signature below becomes a Guarantor under the
Subsidiary Guarantee Agreement with the same force and effect as if originally named therein as a Guarantor and the New Subsidiary hereby (a) agrees to all the terms and provisions of the
Subsidiary Guarantee Agreement applicable to it as a Guarantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Guarantor thereunder are true
and correct in all material respects on and as of the date hereof. Each reference to a "Guarantor" in the Subsidiary Guarantee Agreement shall be deemed to include the New Subsidiary. The Subsidiary
Guarantee Agreement is hereby incorporated herein by reference. 

        SECTION 2.    The
New Subsidiary represents and warrants to the Administrative Agent and the Lenders that this Supplement has been duly authorized, executed and
delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium
or other laws affecting creditors' rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

        SECTION 3.    This
Supplement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Administrative Agent shall have received counterparts of this Supplement that,
when taken together, bear the signatures of the New Subsidiary and the Administrative Agent. Delivery of an executed signature page to this Supplement by facsimile transmission shall be as effective
as delivery of a manually signed counter part of this Supplement. 

        SECTION 4.    Except
as expressly supplemented hereby, the Subsidiary Guarantee Agreement shall remain in full force and effect. 

        SECTION 5.    THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

        SECTION 6.    In
case any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby (it being understood that the invalidity of a particular provision in a
particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace
the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

        SECTION 7.    All
communications and notices hereunder shall be in writing and given as provided in Section 8 of the Subsidiary Guarantee Agreement. All
communications and notices hereunder to the New Subsidiary shall be given to it at the address set forth under its signature below. 

        SECTION 8.    The
New Subsidiary agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this
Supplement, including the reasonable fees, other charges and out-of-pocket disbursements of counsel for the Administrative Agent. 

        IN
WITNESS WHEREOF, the New Subsidiary and the Administrative Agent have duly executed this Supplement to the Subsidiary Guarantee Agreement as of the day and year first above written. 

 

 

					
	 	 	MOLSON COORS INTERNATIONAL GENERAL ULC, a Nova Scotia unlimited liability company
	

 	
 	
 by:	
 	
/s/ SAMUEL D. WALKER

  Samuel D. Walker
 Vice President
	

 	
 	
WACHOVIA BANK, NATIONAL ASSOCIATION, as Administrative Agent,
	

 	
 	
 by:	
 	
/s/ MARC-PHILIPPE PICHE

  Marc-Philippe Piche
 Director

 

 

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EXHIBIT 10.2

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