Document:

Exhibit
10.3

EXECUTION
VERSION

REAFFIRMATION AGREEMENT dated as of August 31,
2006 (as amended, supplemented
or otherwise modified from time to
time, this “Agreement”), among the BORROWERS listed on the signature pages hereto, the GUARANTORS listed
on the signature pages hereto
(and, together with the Borrowers party hereto, the “Reaffirming Parties”), and Wachovia
Bank, N.A., as administrative
agent for the Lenders under the Credit Agreement referred to below (in such capacity, the “Administrative Agent”).

WHEREAS the Borrowers, the
Lenders, the Administrative Agent and the  Canadian Administrative Agent have entered into the First Amendment
dated as of August 31, 2006 (the
“First Amendment”) to the Credit Agreement dated as of March 2, 2005 (the “Credit Agreement”), among
the Borrowers (as defined therein), the Lenders (as defined therein), the Administrative Agent and the Canadian
Administrative Agent (as defined
therein) and, on the terms and subject to the conditions set forth therein,
have agreed to amend the Credit
Agreement as set forth in the First Amendment.

WHEREAS each of the
Reaffirming Parties is party to one or more of the Loan Documents.

WHEREAS each Reaffirming
Party expects to realize, or has realized,  substantial direct and indirect benefits as a
result of the First Amendment becoming effective.

WHEREAS the execution and
delivery of this Agreement is a condition precedent to the effectiveness of the
First Amendment.

NOW, THEREFORE, in
consideration of the foregoing and for other good  and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

SECTION 1. Defined Terms.
Capitalized terms used and not defined  herein have the meanings given to them in the Credit Agreement and in
the Subsidiary Guarantee
Agreement dated March 2, 2005 (the “Subsidiary Guarantee Agreement”).

SECTION 2. Reaffirmation.
Each of the Reaffirming Parties hereby (a)  consents to the First Amendment and the
transactions contemplated thereby and (b) confirms its guarantees, to the extent set forth in the Subsidiary
Guarantee Agreement and its
other respective obligations, as applicable, under each of the Loan Documents
to the extent it is party, and
agrees that, notwithstanding the effectiveness of the First Amendment, such guarantees and other
obligations shall continue to be in full force and effect and shall accrue to the benefit of the
Lenders, the Issuing Banks, the Canadian Administrative Agent and the Administrative Agent. Each of the
Reaffirming Parties further
agrees to take any action that may be required or that is reasonably requested
by the Administrative Agent to
effect the purposes of the Loan Documents and hereby reaffirms its obligations under each similar
provision of each Loan Document to the extent it is party.

 

SECTION 3. Representations
and Warranties. Each Reaffirming Party hereby represents and warrants to
the Administrative Agent that:

(a) This Agreement has been
duly authorized, executed and delivered by  each Reaffirming Party in such capacity as
set forth on the signature pages hereto, and this Agreement constitutes each Reaffirming Party’s 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, and, in the case of obligations of UK
Borrowing Subsidiaries and UK
Guarantors, the time barring of claims under the Limitations Acts and the possibility that an undertaking to
avoid liability for or indemnify a person against non-payment of the UK stamp duty may be void.

(b) No Default has occurred
or is continuing.

(c) All representations and
warranties of each Reaffirming Party contained  in the Loan Documents are true and correct in
all material respects on and as of the date hereof (except with respect to representations and warranties expressly
made only as of an earlier date,
which representations were true and correct in all material respects as of such
earlier date).

SECTION 4. Notices.
All notices hereunder shall be given in accordance  with Section 10.01 of the Credit Agreement; provided
that, for this purpose, the address of each Reaffirming Party shall be the one specified for the Company
under the Credit Agreement.

SECTION 5. Effectiveness.
This Agreement shall become effective on  the date when (a) copies hereof which, when taken together, bear the
signatures of each of the Reaffirming
Parties shall have been received by the Administrative Agent and (b) the First Amendment has become effective
in accordance with its terms. This Agreement
may not be amended nor may any provision hereof be waived except pursuant to a
writing signed by each of the parties hereto. This Agreement shall constitute a
Loan Document.

SECTION 6. No Novation.
Nothing contained in this Agreement or in  the First Amendment shall be construed as a substitution, novation or
extinguishment of the
obligations under the Loan Documents. Nothing contained in this Agreement or in
the First Amendment shall be construed as a release or other discharge of any
Loan Party from any of its
obligations under the Loan Documents. No amendments to any Loan Document are intended hereby. Each provision
of the Loan Documents is ratified and affirmed in all respects and shall continue to be in full force and
effect, except to the extent modified by the First Amendment.

SECTION 7. Governing Law:
Counterparts. (a) This Agreement and the  rights and obligations of the parties hereto
shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.

 2
 

 

(b) This Agreement may be executed by one or more of
the parties to this Agreement on any number of separate counterparts, and all
of such counterparts taken together shall be deemed to constitute one and the
same instrument. This Agreement may be delivered by facsimile or other
electronic imaging means of the relevant executed signature pages hereof.

SECTION 8. Headings. The headings of this
Agreement are for purposes of reference only and shall not limit or otherwise
affect the meaning thereof.

 3
 

 

IN WITNESS WHEREOF, the
parties hereto have caused this Reaffirmation Agreement to be duly executed and
delivered by their duly authorized officers as of the day and year first above
written.

	
  

  	
  MOLSON COORS BREWING

  
	
   

  	
  COMPANY,

  
	
   

  	
  as Borrower,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael J. Gannon

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael J.
  Gannon

  
	
   

  	
   

  	
   

  	
  Title:   Vice President and

  
	
   

  	
   

  	
   

  	
  Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  COORS BREWING
  COMPANY,

  
	
   

  	
  as Borrower and
  as Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael J. Gannon

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael J.
  Gannon

  
	
   

  	
   

  	
   

  	
  Title:   Vice President and

  
	
   

  	
   

  	
   

  	
  Treasurer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MOLSON CANADA
  2005,

  
	
   

  	
  as Borrower and
  as Canadian Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Timothy E. Scully

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Timothy E. Scully

  
	
   

  	
   

  	
   

  	
  Title:   Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Kelly L. Brown

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Kelly L. Brown

  
	
   

  	
   

  	
   

  	
  Title:   Vice President & General

  Counsel

  

 

 4
 

 

 

	
  

  	
  MOLSON INC.,

  
	
   

  	
  as Borrower and as Canadian Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Timothy E. Scully

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Timothy E. Scully

  
	
   

  	
   

  	
   

  	
  Title:   Chief Financial Officer

  

 

	
  

  	
   

  	
  by

  	
  /s/ Kelly L. Brown

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Kelly L. Brown

  
	
   

  	
   

  	
   

  	
  Title:   Secretary

  

 

	
  

  	
  MOLSON COORS CANADA INC.,

  
	
   

  	
  as Borrower and as Canadian Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Timothy E. Scully

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Timothy E. Scully

  
	
   

  	
   

  	
   

  	
  Title:   Director

  

 

	
  

  	
   

  	
  by

  	
  /s/ Kelly L. Brown

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Kelly L. Brown

  
	
   

  	
   

  	
   

  	
  Title:   Secretary

  

 

	
  

  	
  Executed and
  Delivered as a Deed by:

  
	
   

  	
   

  
	
   

  	
  COORS BREWERS
  LTD., (Company Number 26018)

  
	
   

  	
  as Borrower and
  as UK Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ S. Glendinning

  	
   

  
	
   

  	
   

  	
   

  	
  Name: S. Glendinning

  
	
   

  	
   

  	
   

  	
  Title:   Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ K. Donald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: K. Donald

  
	
   

  	
   

  	
   

  	
  Title:   Director

  

 

 5
 

 

 

	
  

  	
  MOLSON COORS CAPITAL FINANCE

  ULC,

  
	
   

  	
  as Company Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Timothy E. Scully

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Timothy E. Scully

  
	
   

  	
   

  	
   

  	
  Title:   Director

  

 

	
  

  	
  COORS INTERCONTINENTAL, INC.,

  
	
   

  	
  as Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Nirmalya Chatterjee

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Nirmalya Chatterjee

  
	
   

  	
   

  	
   

  	
  Title:   Treasurer

  

 

	
  

  	
  COORS BREWING COMPANY

  INTERNATIONAL, INC.,

  
	
   

  	
  as Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael J. Gannon

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael J. Gannon

  
	
   

  	
   

  	
   

  	
  Title:   Treasurer

  

 

	
  

  	
  COORS WORLDWIDE, INC.,

  
	
   

  	
  as Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael J. Gannon

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael J. Gannon

  
	
   

  	
   

  	
   

  	
  Title:   Treasurer

  

 

 6
 

 

 

	
  

  	
  COORS DISTRIBUTING COMPANY,

  
	
   

  	
  as Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Michael J. Gannon

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Michael J. Gannon

  
	
   

  	
   

  	
   

  	
  Title:   Treasurer

  

 

	
  

  	
  COORS GLOBAL PROPERTIES, INC.,

  
	
   

  	
  as Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Patti L. Zenk

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Patti L. Zenk

  
	
   

  	
   

  	
   

  	
  Title:   President

  

 

	
  

  	
  COORS INTERNATIONAL MARKET

  DEVELOPMENT, L.L.L.P.,

  
	
   

  	
  as Guarantor,

  
	
   

  	
   

  
	
   

  	
   

  	
  by: Coors Global
  Properties, Inc.,

  	
   

  
	
   

  	
   

  	
  its General
  Partner,

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Patti L. Zenk

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Patti L. Zenk

  
	
   

  	
   

  	
   

  	
  Title:   President

  

 

 7
 

 

 

	
  

  	
  Executed and
  Delivered as a Deed by

  
	
   

  	
   

  
	
   

  	
  COORS HOLDINGS
  LIMITED, as UK

  Guarantor (Company Number 25675)

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ S. Glendinning

  	
   

  
	
   

  	
   

  	
   

  	
  Name: S. Glendinning

  
	
   

  	
   

  	
   

  	
  Title:   Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ K. Donald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: K. Donald

  
	
   

  	
   

  	
   

  	
  Title:   Director

  

 

	
  

  	
  Executed and
  Delivered as a Deed by

  
	
   

  	
   

  
	
   

  	
  GOLDEN
  ACQUISITION, as UK

  
	
   

  	
  Guarantor
  (Company Number 4320707)

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ S.
  Glendinning

  	
   

  
	
   

  	
   

  	
   

  	
  Name: S. Glendinning

  
	
   

  	
   

  	
   

  	
  Title:   Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ K. Donald

  	
   

  
	
   

  	
   

  	
   

  	
  Name: K. Donald

  
	
   

  	
   

  	
   

  	
  Title: Director

  

 

 8
 

 

 

	
  

  	
  WACHOVIA BANK, NATIONAL

  ASSOCIATION,

  
	
   

  	
  as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  	
  by

  	
  /s/ Thomas M. Harper

  	
   

  
	
   

  	
   

  	
   

  	
  Name: Thomas M. Harper

  
	
   

  	
   

  	
   

  	
  Title:   Senior Vice President

  

 

 9Exhibit
10.1

AMENDMENT NO. 4,
dated as of October 31, 2006 (this “Amendment No. 4”), to the Credit
Agreement dated as of January 25, 2006 (as amended prior to the date hereof, the
“Credit Agreement”), among SHUFFLE MASTER, INC. (the “Borrower”),
DEUTSCHE BANK AG CAYMAN ISLANDS BRANCH, as a lender (the “Lender”),
DEUTSCHE BANK AG NEW YORK BRANCH, as administrative agent (the “Administrative
Agent”) and DEUTSCHE BANK SECURITIES INC. as sole arranger and sole
book-runner.

A.            Pursuant to the Credit Agreement, the Lender has extended
credit to the Borrower pursuant to the terms and subject to the conditions set
forth therein.

B.            The Borrower has requested that the Lender agree, subject
to the conditions and terms set forth in this Amendment No. 4, to amend Credit
Agreement, as set forth below.

C.            As of the Amendment No. 4 Effective Date (as defined
below), the Lender is the only lender party to the Credit Agreement.

D.            The Lender is willing to amend the Credit Agreement pursuant
to the terms and subject to the conditions set forth herein.

E.             Capitalized terms used but not defined herein have the
meanings assigned to them in the Credit Agreement.

Accordingly, in
consideration of the mutual agreements herein contained and other good and
valuable consideration, the sufficiency and receipt of which are hereby acknowledged,
and subject to the conditions set forth herein, the parties hereto hereby agree
as follows:

SECTION 1.        Amendment to Section 2.05. Section
2.05 of the Credit Agreement is hereby deleted in its entirety and replaced
with the following:

“The Loan will
mature on November 30, 2006.”

SECTION 2.        Representations and Warranties. The
Borrower represents and warrants to the Administrative Agent and to each of the
Lenders that:

(a)           This Amendment No. 4
has been duly executed and delivered by the Borrower and constitutes its legal,
valid and binding obligation enforceable in accordance with its terms, except
to the extent that the enforceability thereof may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws
generally affecting creditors’ rights and by equitable principles (regardless
of whether enforcement is sought in equity or at law).

(b)           After
giving effect to this Amendment No. 4, the representations and warranties of
each Credit Party set forth in the Credit Documents are true and correct in all
material respects on and as of the Amendment No. 4 Effective Date, except to
the extent such representations and warranties expressly relate to an earlier
date (in which case such representations and warranties were true and correct
in all material respects as of such earlier date).

 

 

(c)           Immediately after
giving effect to this Amendment No. 4, no Default or  Event of Default has occurred and is
continuing.

SECTION 3.        Conditions to Effectiveness. This
Amendment No. 4 shall become effective on the date (the “Amendment No. 4
Effective Date”) on which each of the following conditions is satisfied:

(a)           The
Administrative Agent (or its counsel) shall have received from the Lender, the
Borrower and the Guarantors, a counterpart of this Amendment No. 4 signed on behalf
of such party;

(b)           All
corporate and other proceedings taken or to be taken in connection with this
Amendment No. 4 and all documents incidental thereto, whether or not referred
to herein, shall be reasonably satisfactory in form and substance to the Administrative
Agent; and

(c)           The
representations and warranties in Section 2 of this Amendment No. 4 shall
be true and correct.

Upon satisfaction of the conditions precedent set
forth above, the Administrative Agent shall promptly notify the Borrower and
the Lenders of its determination that this Amendment No. 4 has become effective,
which determination shall, absent manifest error, be conclusive and binding on
the Borrower and the Lenders for all purposes.

SECTION 4.        Credit Agreement. Except as
expressly set forth herein, this Amendment No. 4 shall not by implication or
otherwise limit, impair, constitute a waiver of, or otherwise affect the rights
and remedies of the Lenders, the Administrative Agent, the Borrower or any
other Credit Party under the Credit Agreement or any other Credit Document, and
shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Credit Document, all of which are ratified and affirmed
in all respects and shall continue in full force and effect. Nothing herein
shall be deemed to entitle the Borrower to any future consent to, or waiver,
amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any
other Credit Document in similar or different circumstances. After the
Amendment No. 4 Effective Date, any reference to the Credit Agreement shall
mean the Credit Agreement as modified hereby, provided that any reference in
the Credit Agreement to the date of the Credit Agreement, as modified hereby,
shall in all instances remain as of January 25, 2006, and references in the
Credit Agreement to “the date hereof” and “the date of this Agreement,” and
phrases of similar import, shall in all instances be and continue to refer to January
25, 2005, and not the date of this Amendment No. 4. This Amendment No. 4 shall
constitute a “Credit Document” for all purposes of the Credit Agreement and the
other Credit Documents.

SECTION 5.        Governing Law. THIS AMENDMENT NO.
4 AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE CONSTRUED IN
ACCORDANCE WITH AND BE GOVERNED BY THE LAW OF THE STATE OF NEW YORK. ANY
LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AMENDMENT NO. 4 MAY BE BROUGHT
IN THE COURTS OF THE STATE OF

 

 2
 

 

NEW YORK OR OF THE UNITED
STATES FOR THE SOUTHERN DISTRICT OF NEW YORK, IN EACH CASE WHICH ARE LOCATED IN
THE COUNTY OF NEW YORK, AND, BY EXECUTION AND DELIVERY OF THIS AMENDMENT NO. 4,
THE BORROWER HEREBY IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS
PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID
COURTS.

SECTION 6.        Counterparts. This Amendment No. 4
may be executed in any number of counterparts and by the different parties
hereto on separate counterparts, each of which when so executed and delivered
shall be an original, but all of which shall together constitute one and the
same instrument. A set of counterparts executed by all the parties hereto shall
be lodged with the Borrower and the Administrative Agent.

SECTION 7.        Headings. The headings of the
several sections and subsections of this Amendment No. 4 are inserted for convenience
only and shall not in any way affect the meaning or construction of any
provision of this Amendment No. 4.

SECTION 8.        Severability. Any provision of
this Amendment No. 4 held to be invalid, illegal or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such invalidity, illegality or unenforceability without affecting the validity,
legality and enforceability of the remaining provisions hereof; and the
invalidity of a particular provision in a particular jurisdiction shall not
invalidate such provision in any other jurisdiction. The parties 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.

 3

 

IN WITNESS
WHEREOF, the parties hereto have caused this Amendment No. 4 to be duly
executed by their respective authorized officers as of the day and year first
written above.

	
   

  	
  SHUFFLE MASTER, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Richard Baldwin

  
	
   

  	
   

  	
  Name: Richard Baldwin

  
	
   

  	
   

  	
  Title: Senior Vice  President
  and CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SHUFFLE MASTER INTERNATIONAL, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Mark Yoseloff

  
	
   

  	
   

  	
  Name: Mark Yoseloff

  
	
   

  	
   

  	
  Title: CEO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SHUFFLE UP PRODUCTIONS, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Mark Yoseloff

  
	
   

  	
   

  	
  Name: Mark Yoseloff

  
	
   

  	
   

  	
  Title: CEO

  

 

 S-1
 

 

 

	
   

  	
  DEUTSCHE BANK AG NEW YORK BRANCH, Individually and as Administrative
  Agent

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ Brenda Casey

  
	
   

  	
   

  	
  Name: Brenda Casey

  
	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ James Rolison

  
	
   

  	
   

  	
  Name: James Rolison

  
	
   

  	
   

  	
  Title: Director

  

 

 S-2
 

 

To Approve Amendment No.
4:

	
  DEUTSCHE BANK AG CAYMAN
  ISLANDS

  
	
  BRANCH, as a Lender

  
	
   

  
	
   

  	
  By:

  	
   /s/ Brenda Casey

  	
   

  
	
   

  	
   

  	
  Name: Brenda Casey

  
	
   

  	
   

  	
  Title: Director

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ James Rolison

  	
   

  
	
   

  	
   

  	
  Name: James Rolison

  
	
   

  	
   

  	
  Title: Director

  

 

 S-3

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