Document:

Exhibit 10.8

 

September
[●], 2020

 

ArcLight
Clean Transition Corp.

200
Clarendon Street, 55th Floor

 

Boston
MA 02116

 

Re:
Initial Public Offering

 

Ladies
and Gentlemen:

 

This
letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement
(the “Underwriting Agreement”) entered into by and among ArcLight Clean Transition Corp., a Cayman Islands
exempted company (the “Company”), Citigroup Global Markets Inc. and Barclays Capital Inc. as the underwriters
(the “Underwriters”), relating to an underwritten initial public offering (the “Public Offering”)
of 28,750,000 of the Company’s units (including 3,750,000 units that may be purchased pursuant to the Underwriter’s
option to purchase additional units, the “Units”), each comprising of one of the Company’s Class A
ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), and one-half of one redeemable
warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to purchase one
Ordinary Share at a price of $11.50 per share, subject to adjustment. The Units will be sold in the Public Offering pursuant to
a registration statement on Form S-1 and a prospectus (the “Prospectus”) filed by the Company with the
U.S. Securities and Exchange Commission (the “Commission”). Certain capitalized terms used herein are
defined in paragraph 1 hereof.

 

In
order to induce the Company and the Underwriter to enter into the Underwriting Agreement and to proceed with the Public Offering
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, ArcLight CTC Holdings,
L.P. (the “Sponsor”) and each of the undersigned (each, an “Insider” and,
collectively, the “Insiders”) hereby agree with the Company as follows:

 

1.
Definitions. As used herein, (i) “Business Combination” shall mean a merger, share exchange,
asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities; (ii)
“Founder Shares” shall mean the 7,187,500 Class B ordinary shares of the Company, par value $0.0001
per share, outstanding prior to the consummation of the Public Offering; (iii) “Private Placement Warrants”
shall mean the warrants to purchase Ordinary Shares of the Company that will be acquired by the Sponsor for an aggregate purchase
price of $7,000,000 (or up to $7,750,000 if the Underwriter’s exercise their option to purchase additional units), or $1.00
per Warrant, in a private placement that shall close simultaneously with the consummation of the Public Offering (including Ordinary
Shares issuable upon conversion thereof); (iv) “Public Shareholders” shall mean the holders of Ordinary
Shares included in the Units issued in the Public Offering; (v) “Public Shares” shall mean the Ordinary
Shares included in the Units issued in the Public Offering; (vi) “Trust Account” shall mean the trust
account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be
deposited; (vii) “Transfer” shall mean the (a) sale of, offer to sell, contract or agreement to
sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly,
or establishment or increase of a put equivalent position or liquidation with respect to or decrease of a call equivalent position
within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the
Commission promulgated thereunder with respect to, any security, (b) entry into any swap or other arrangement that transfers
to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is
to be settled by delivery of such securities, in cash or otherwise, or (c) public announcement of any intention to effect
any transaction specified in clause (a) or (b); and (viii) “Charter” shall mean the Company’s
Amended and Restated Memorandum and Articles of Association, as the same may be amended from time to time.

 

     

     

    

 

2.
Representations and Warranties.

 

(a)
The Sponsor and each Insider, with respect to itself, herself or himself, represent and warrant to the Company that it, she or
he has the full right and power, without violating any agreement to which it, she or he is bound (including, without limitation,
any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement,
as applicable, and to serve as an officer of the Company and/or a director on the Company’s Board of Director (the “Board”),
as applicable, and each Insider hereby consents to being named in the Prospectus, road show and any other materials as an officer
and/or director of the Company, as applicable.

 

(b)
Each Insider represents and warrants, with respect to herself or himself, that such Insider’s biographical information furnished
to the Company (including any such information included in the Prospectus) is true and accurate in all material respects and does
not omit any material information with respect to such Insider’s background. The Insider’s questionnaire furnished
to the Company is true and accurate in all material respects. Each Insider represents and warrants that such Insider is not subject
to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain
from any act or practice relating to the offering of securities in any jurisdiction; such Insider has never been convicted of,
or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds
of another person, or (iii) pertaining to any dealings in any securities and such Insider is not currently a defendant in
any such criminal proceeding; and such Insider has never been suspended or expelled from membership in any securities or commodities
exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

 

3.
Business Combination Vote. It is acknowledged and agreed that the Company shall not enter into a definitive agreement regarding
a proposed Business Combination without the prior consent of the Sponsor. The Sponsor and each Insider, with respect to itself
or herself or himself, agrees that if the Company seeks shareholder approval of a proposed initial Business Combination, then
in connection with such proposed initial Business Combination, it, she or he, as applicable, shall vote all Founder Shares and
any Public Shares held by it, her or him, as applicable, in favor of such proposed initial Business Combination (including any
proposals recommended by the Board in connection with such Business Combination) and not redeem any Public Shares held by it,
her or him, as applicable, in connection with such shareholder approval.

 

    2

     

    

 

4.
Failure to Consummate a Business Combination; Trust Account Waiver.

 

(a)
The Sponsor and each Insider hereby agree, with respect to itself, herself or himself, that in the event that the Company fails
to consummate its initial Business Combination within the time period set forth in the Charter, the Sponsor and each Insider shall
take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up; (ii) as
promptly as reasonably possible but not more than 10 business days thereafter, redeem 100% of the Public Shares, at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds
held in the Trust Account and not previously released to the Company to pay income taxes (less up to $100,000 of interest to pay
dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public
Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as
promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders
and the Board, liquidate and dissolve, subject in the case of clauses (ii) and (iii) to the Company’s obligations under
Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law. The
Sponsor and each Insider agree not to propose any amendment to the Charter (i) that would modify the substance or timing
of the Company’s obligation to provide holders of the Public Shares the right to have their shares redeemed in connection
with an initial Business Combination or to redeem 100% of the Public Shares if the Company does not complete an initial Business
Combination within the required time period set forth in the Charter or (ii) with respect to any provision relating to the
rights of holders of Public Shares unless the Company provides its Public Shareholders with the opportunity to redeem their Public
Shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company
to pay taxes, if any, divided by the number of then-outstanding Public Shares.

 

(b)
The Sponsor and each Insider, with respect to itself, herself or himself, acknowledges that it, she or he has no right, title,
interest or claim of any kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any
liquidation of the Company with respect to the Founder Shares held by it, her or him, if any. The Sponsor and each of the Insiders
hereby further waive, with respect to any Founder Shares and Public Shares held by it, her or him, as applicable, any redemption
rights it, she or he may have in connection with the consummation of a Business Combination, including, without limitation, any
such rights available in the context of a shareholder vote to approve such Business Combination or a shareholder vote to approve
an amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders
of the Public Shares the right to have their shares redeemed in connection with an initial Business Combination or to redeem 100%
of the Public Shares if the Company has not consummated an initial Business Combination within the time period set forth in the
Charter or (ii) with respect to any provision relating to the rights of holders of Public Shares (although the Sponsor and
the Insiders shall be entitled to liquidation rights with respect to any Public Shares they hold if the Company fails to consummate
a Business Combination within the required time period set forth in the Charter).

 

    3

     

    

 

5.
Lock-up; Transfer Restrictions.

 

(a)
The Sponsor and the Insiders agree that they shall not Transfer any Founder Shares (the “Founder Shares Lock-up”)
until the earliest of (A) one year after the completion of an initial Business Combination and (B) the date following
the completion of an initial Business Combination on which the Company completes a liquidation, merger, share exchange or other
similar transaction that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares
for cash, securities or other property (the “Founder Shares Lock-up Period”). Notwithstanding the foregoing,
if, subsequent to a Business Combination, the closing price of the Ordinary Shares equals or exceeds $12.00 per share (as adjusted
for share sub-divisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the like) for any
20 trading days within a 30-trading day period commencing at least 150 days after the Company’s initial Business Combination,
the Founder Shares shall be released from the Founder Shares Lock-up.

 

(b)
The Sponsor and Insiders agree that they shall not effectuate any Transfer of Private Placement Warrants or Ordinary Shares underlying
such warrants until 30 days after the completion of an initial Business Combination.

 

(c)
Notwithstanding the provisions set forth in paragraphs 5(a) and (b), Transfers of the Founder Shares, Private
Placement Warrants and Ordinary Shares underlying the Private Placement Warrants are permitted: (a) to the Company’s
officers or directors, any affiliate or family member of any of the Company’s officers or directors, any members or partners
of the Sponsor or their affiliates, any affiliates of the Sponsor, or any employees of such affiliates; (b) in the case of
an individual, by gift to a member of one of the individual’s immediate family or to a trust, the beneficiary of which is
a member of the individual’s immediate family, an affiliate of such person or to a charitable organization; (c) in
the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (d) in the case of
an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with
any forward purchase agreement or similar arrangement or in connection with the consummation of a Business Combination at prices
no greater than the price at which the Founder Shares, Private Placement Warrants or Ordinary Shares, as applicable, were originally
purchased; (f) by virtue of the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor;
(g) to the Company for no value for cancellation in connection with the consummation of an initial Business Combination;
(h) in the event of the Company’s liquidation prior to the completion of a Business Combination; or (i) in the
event of completion of a liquidation, merger, share exchange or other similar transaction which results in all of the Company’s
Public Shareholders having the right to exchange their Ordinary Shares for cash, securities or other property subsequent to the
completion of an initial Business Combination; provided, however, that in the case of clauses (a) through (f)
these permitted transferees must enter into a written agreement agreeing to be bound by the transfer restrictions set forth in
this Agreement.

 

    4

     

    

 

(d)
During the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the Sponsor
and each Insider shall not, without the prior written consent of the Underwriters, Transfer any Units, Ordinary Shares, Warrants
or any other securities convertible into, or exercisable or exchangeable for, Ordinary Shares held by it, her or him, as applicable,
subject to certain exceptions enumerated in Section [6(h)] of the Underwriting Agreement. 1

 

6.
Remedies. The Sponsor and each of the Insiders hereby agree and acknowledge that (i) each of the Underwriters and
the Company would be irreparably injured in the event of a breach by the Sponsor or such Insider of its, her or his obligations,
as applicable under paragraphs 3, 4, 5, 7, 10 and 11, (ii) monetary damages may
not be an adequate remedy for such breach and (iii) the non-breaching party shall be entitled to injunctive relief, in addition
to any other remedy that such party may have in law or in equity, in the event of such breach.

 

7.
Payments by the Company. Except as disclosed in the Prospectus, neither the Sponsor nor any affiliate of the Sponsor nor
any director or officer of the Company nor any affiliate of the officers shall receive from the Company any finder’s fee,
reimbursement, consulting fee, monies in respect of any payment of a loan or other compensation prior to, or in connection with
any services rendered in order to effectuate the consummation of the Company’s initial Business Combination (regardless
of the type of transaction that it is).

 

8.
Director and Officer Liability Insurance. The Company will maintain an insurance policy or policies providing directors’
and officers’ liability insurance, and the Insiders shall be covered by such policy or policies, in accordance with its
or their terms, to the maximum extent of the coverage available for any of the Company’s directors or officers.

 

9.
Termination. This Letter Agreement shall terminate on the earlier of (i) the expiration of the Founder Shares Lock-up
Period and (ii) the liquidation of the Company.

 

10.
Indemnification. In the event of the liquidation of the Trust Account upon the failure of the Company to consummate its
initial Business Combination within the time period set forth in the Charter, the Sponsor (the “Indemnitor”)
agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever (including,
but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any
litigation, whether pending or threatened) to which the Company may become subject as a result of any claim by (i) any third
party for services rendered or products sold to the Company (except for the Company’s independent auditors) or (ii) any
prospective target business with which the Company has discussed entering into a transaction agreement (a “Target”);
provided, however, that such indemnification of the Company by the Indemnitor (x) shall apply only to the extent
necessary to ensure that such claims by a third party for services rendered or products sold to the Company or a Target do not
reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount
per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account if less than $10.00 per Public
Share due to reductions in the value of the trust assets, in each case net of interest that may be withdrawn to pay the Company’s
tax obligations, (y) shall not apply to any claims by a third party or Target who executed a waiver of any and all rights
to the monies held in the Trust Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims
under the Company’s indemnity of the Underwriters against certain liabilities, including liabilities under the Securities
Act of 1933, as amended. The Indemnitor shall have the right to defend against any such claim with counsel of its choice reasonably
satisfactory to the Company if, within 15 days following written receipt of notice of the claim to the Indemnitor, the Indemnitor
notifies the Company in writing that it shall undertake such defense.

 

	1	[NTD:
                                         To confirm if UA transfer exceptions match up with those in Section 5 of agreement w/r/t
                                         founder shares]

 

    5

     

    

 

11.
Forfeiture of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase additional Units
within 45 days from the date of the Prospectus in full (as further described in the Prospectus), the Sponsor agrees to automatically
surrender to the Company for no consideration, for cancellation at no cost, an aggregate number of Founder Shares so that the
number of Founder Shares will equal of 20% of the sum of the total number of Ordinary Shares and Founder Shares outstanding at
such time. The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased,
the Company will effect a share capitalization or a share repurchase, as applicable, with respect to the Founder Shares immediately
prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum
of the total number of Ordinary Shares and Founder Shares outstanding at such time.

 

12.
Entire Agreement. This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect
of the subject matter hereof and supersedes all prior understandings, agreements or representations by or among the parties hereto,
written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This
Letter Agreement may not be changed, amended, modified or waived (other than to correct a typographical error) as to any particular
provision, except by a written instrument executed by all parties hereto.

 

13.
Assignment. No party hereto may assign either this Letter Agreement or any of its rights, interests or obligations hereunder
without the prior written consent of the other parties. Any purported assignment in violation of this paragraph shall be void
and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This Letter Agreement
shall be binding on the Sponsor, each of the Insiders and each of their respective successors, heirs, personal representatives
and assigns and permitted transferees.

 

14.
Counterparts. This Letter Agreement may be executed in any number of original , electronic or facsimile counterparts, and
each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute
but one and the same instrument.

 

15.
Effect of Headings. The paragraph headings herein are for convenience only and are not part of this Letter Agreement and
shall not affect the interpretation thereof.

 

16.
Severability. This Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision
hereof shall not affect the validity or enforceability of this Letter Agreement or of any other term or provision hereof. Furthermore,
in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part
of this Letter Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be
valid and enforceable.

 

17.
Governing Law. This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the
State of New York, without giving effect to conflicts of law principles that would result in the application of the substantive
laws of another jurisdiction. The parties hereto (i) all agree that any action, proceeding, claim or dispute arising out
of, or relating in any way to, this Letter Agreement shall be brought and enforced in the courts of New York City, in the State
of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive, (ii) waive
any objection to such exclusive jurisdiction and venue or that such courts represent an inconvenient forum and (iii) waives any
right to a trial by jury in any action, suit or proceeding to enforce or defend any right under this Letter Agreement, and agrees
that any such action, suit or proceeding will be tried before a court and not before a jury.

 

18.
Notices. Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement
shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested),
by hand delivery or facsimile transmission.

 

[Signature
Page Follows]

 

    6

     

    

 

	 	Sincerely,
	 	 
	 	ARCLIGHT CTC HOLDINGS, L.P.
	 	 
	 	By: ACTC HOLDINGS GP, LLC, its General Partner
	 	 
	 	By:	     

	 	Name:	Daniel R. Revers
	 	Title:	President

 

    7

     

    

 

	 
	 
	 	John
    F. Erhard

 

    8

     

    

 

	 	 
	 	Daniel
    R. Revers

 

    9

     

    

 

	 	 
	 	Marco
    F. Gatti

 

    10

     

    

 

	 	 
	 	Christine
    M. Miller

 

    11

     

    

 

	 	 
	 	Kerrick
    S. Knauth

 

    12

     

    

 

	 	 
	 	Arno
    Harris

 

    13

     

    

 

	 	 
	 	Audrey
    Lee

 

    14

     

    

 

	 	 
	 	Brian
    Goncher

 

    15

     

    

 

	 	 
	 	Steven
    Berkenfeld 

 

    16

     

    

 

	Acknowledged and Agreed:	 
	 	 
	ARCLIGHT CLEAN TRANSITION CORP.	 
	 	 
	By:	            	 

	 	Name:	John
    F. Erhard	 
	 	Title:	President
    and Chief Executive Officer	 

 

 

17Exhibit 10.1

 

Execution
Version

 

 

SIXTH AMENDMENT TO AMENDED AND RESTATED
CREDIT AGREEMENT

 

THIS SIXTH AMENDMENT
TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of September 17, 2020, is by and among
CRAFT BREW ALLIANCE, INC., a Washington corporation (the “Borrower”), the Guarantors party hereto, and
BANK OF AMERICA, N.A., as lender (in such capacity, the “Lender”). Capitalized terms used herein and
not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement.

 

W I T N E S S E T H

 

WHEREAS, the
Borrower, the Subsidiaries of the Borrower from time to time party thereto (the “Guarantors”), and the Lender
are parties to that certain Amended and Restated Credit Agreement, dated as of November 30, 2015 (as amended, modified, extended,
restated, replaced, or supplemented from time to time in accordance with its terms, the “Credit Agreement”);

 

WHEREAS, the
Loan Parties have requested that the Lender amend certain provisions of the Credit Agreement; and

 

WHEREAS, the
Lender is willing to make such amendments to the Credit Agreement in accordance with, and subject to, the terms and conditions
set forth herein.

 

NOW, THEREFORE,
in consideration of the agreements hereinafter set forth, and for other good and valuable consideration, the receipt and adequacy
of which are hereby acknowledged, the parties hereto agree as follows:

 

Article
I

AMENDMENTS

 

1.1      
Amendment to Section 7.11. Section 7.11 of the Credit
Agreement is hereby amended and restated in its entirety to read as follows:

 

“(a)     Consolidated
Leverage Ratio. Commencing with the earlier to occur of (i) October 1, 2020 or (ii) the termination of the A-B Merger, as of
the last day of any fiscal quarter during any Measurement Period, permit the Consolidated Leverage Ratio to be greater than 3.50
to 1.00.

 

(b)       Consolidated
Fixed Charge Coverage Ratio. Commencing with the earlier to occur of (i) October 1, 2020 or (ii) the termination of the A-B
Merger, permit the Consolidated Fixed Charge Coverage Ratio at any time to be less than 1.20 to 1.00.

 

(c)       Minimum
Consolidated EBITDA. For the Measurement Period ending September 30, 2020, permit the Consolidated EBITDA as of the end of
such Measurement Period to be less than $3,000,000.”

 

Article
II

CONDITIONS TO EFFECTIVENESS

 

2.1              
Closing Conditions. This Amendment shall become effective as of the day and year set forth above (the “Amendment
Effective Date”) upon satisfaction of the following conditions (in each case, in form and substance reasonably acceptable
to the Lender):

 

     

     

    

 

(a)               
Executed Amendment. The Lender shall have received a copy of this Amendment duly executed by each of the Loan Parties
and the Lender.

 

(b)               
Fees and Expenses. The Lender shall have received from the Borrower other fees and expenses that are payable in connection
with the consummation of the transactions contemplated hereby and Lender’s legal counsel shall have received from the Borrower
payment of all outstanding fees and expenses previously incurred and all fees and expenses incurred in connection with this Amendment.

 

(c)               
Default. After giving effect to this Amendment, no Default or Event of Default shall exist.

 

(d)               
Miscellaneous. All other documents and legal matters in connection with the transactions contemplated by this Amendment
shall be reasonably satisfactory in form and substance to the Lender and its counsel.

 

Article
III

MISCELLANEOUS

 

3.1          
Amended Terms. On and after the Amendment Effective Date, all references to the Credit Agreement in each of the
Loan Documents shall hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or
otherwise agreed, the Credit Agreement and the other Loan Documents are hereby ratified and confirmed, including the Liens granted
thereunder, and shall remain in full force and effect according to its terms. For the avoidance of doubt, this Amendment shall
not be deemed to prejudice any right or rights which the Borrower or the Lenders may now have or may have in the future under or
in connection with the Consent, dated as of June 5, 2020, by and among the Borrower, the Guarantors and the Lender, as the same
may be amended, restated, supplemented or modified from time to time.

 

3.2          
Representations and Warranties of Loan Parties. Each of the Loan Parties represents and warrants as follows:

 

(a)               
It has taken all necessary action to authorize the execution, delivery and performance of this Amendment.

 

(b)              
This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and
binding obligation, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy,
insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights generally
and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in
equity).

 

(c)               
No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental
authority or third party is required in connection with the execution, delivery or performance by such Person of this Amendment.

 

(d)              
The representations and warranties of the Borrower and each other Loan Party contained in Article II of the Credit
Agreement, Article V of the Credit Agreement or made in any other Loan Document, or which are contained in any document
furnished at any time under or in connection herewith or therewith, are (i) with respect to representations and warranties that
contain a materiality qualification, true and correct on and as of the date of the Amendment Effective Date and (ii) with respect
to representations and warranties that do not contain a materiality qualification, true and correct in all material respects on
and as of the date of the Amendment Effective Date, except that for purposes of this Section 3.2(d), (x) the representations
and warranties contained in Sections 5.05(a) and (b) of the Credit Agreement shall be deemed to refer to the most
recent statements furnished pursuant to Sections 6.01(a) and (b) of the Credit Agreement, respectively and (y) the
temporary closure of the Loan Parties’ brewpub locations and other operational disruptions affecting the Loan Parties, in
each case as a direct result of the COVID-19 pandemic, shall not be deemed to constitute a Material Adverse Effect (or account
for any portion thereof) under clause (a) of the definition thereof.

 

    2

     

    

 

(e)              
After giving effect to this Amendment, no event has occurred and is continuing which constitutes a Default or an Event of
Default.

 

(f)               
The Collateral Documents continue to create a valid security interest in, and Lien upon, the Collateral, in favor of the
Lender, for the benefit of the Lender, which security interests and Liens are perfected in accordance with the terms of the Collateral
Documents and prior to all Liens other than Permitted Liens.

 

(g)               
Except as specifically provided in this Amendment, the Obligations are not reduced or modified by this Amendment and are
not subject to any offsets, defenses or counterclaims.

 

3.3             
Reaffirmation of Obligations. Each Loan Party hereby ratifies the Credit Agreement and each other Loan Document
to which it is a party and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement and each other
Loan Document applicable to it and (b) that it is responsible for the observance and full performance of its respective Obligations.

 

3.4             
Loan Document. This Amendment shall constitute a Loan Document under the terms of the Credit Agreement.

 

3.5             
Expenses. The Loan Parties agree to pay all reasonable out-of-pocket expenses incurred by the Lender and its
Affiliates (including the reasonable fees, charges and disbursements of counsel for the Lender), in connection with the preparation,
negotiation, execution and delivery and administration of this Amendment.

 

3.6             
Further Assurances. The Loan Parties agree to promptly take such action, upon the request of the Lender, as is
necessary to carry out the intent of this Amendment.

 

3.7             
Entirety. This Amendment and the other Loan Documents embody the entire agreement among the parties hereto and
supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof.

 

3.8             
Counterparts. This Amendment may be executed in any number of counterparts, each of which when so executed and
delivered shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart
of a signature page of this Amendment by fax transmission or e-mail transmission (e.g., “pdf” or “tif”)
shall be effective as delivery of a manually executed counterpart of this Amendment.

 

3.9             
No Actions, Claims, Etc. As of the date hereof, each of the Loan Parties hereby acknowledges and confirms that
it has no knowledge of any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law
or in equity, against the Lender or the Lender’s respective officers, employees, representatives, agents, counsel or directors
arising from any action by such Persons, or failure of such Persons to act under the Credit Agreement on or prior to the date hereof.

 

    3

     

    

 

3.10         
GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF OREGON.

 

3.11          
Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns.

 

3.12          
Dispute Resolution; Waiver of Jury Trial. The dispute resolution and waiver of jury trial provisions set forth
in Section 9.14 of the Credit Agreement are hereby incorporated by reference, mutatis mutandis.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    4

     

    

 

IN WITNESS WHEREOF
the parties hereto have caused this Amendment to be duly executed on the date first above written.

 

BORROWER:  

 

	 	CRAFT BREW ALLIANCE, INC., as the Borrower

 

	 	By:	/s/ Andrew J. Thomas
	 	Name:	Andrew J. Thomas
	 	Title:	Chief Executive Officer

 

	GUARANTORS:
	 	 	 
	 	KONA BREWERY LLC, as a Guarantor
	 	 	 
	 	By:	/s/ Andrew J. Thomas
	 	Name:	Andrew J. Thomas
	 	Title:	Manager

 

	 	CRAFT VENTURES, LLC, as a Guarantor
	 	 
	 	By: Craft Brew Alliance, Inc., its Manager
	 	 
	 	By:	/s/ Andrew J. Thomas
	 	Name:	Andrew J. Thomas
	 	Title:	Chief Executive Officer
	 	 	 
	 	WYNWOOD BREWING COMPANY LLC, as a Guarantor
	 	 
	 	By:	/s/ Andrew J. Thomas
	 	Name:	Andrew J. Thomas
	 	Title:	Manager

 

Craft Brew Alliance, Inc.

Sixth Amendment to Amended and Restated Credit Agreement

Signature Page

 

     

     

    

 

	LENDER:	BANK OF AMERICA, N.A., as Lender
	 	 	 
	 	 	 
	 	By:	/s/ Michael Snook
	 	Name: 	 Michael Snook
	 	Title:	Senior Vice President

 

Craft Brew Alliance, Inc.

Sixth Amendment to Amended and Restated Credit Agreement

Signature Page

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