Document:

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                                                                   Exhibit 10.29

                               STAFFING AGREEMENT

This Staffing Agreement (the "AGREEMENT") is effective August 1, 2004, by and
between PORTLAND BREWING COMPANY, a corporation organized and existing under the
laws of the State of Oregon, with its principal office located at 3015 NW
Industrial Street, Portland, OR 97210 ("PBC") and PYRAMID BREWERIES, INC., of 91
South Royal Brougham Street, Seattle, WA 98134 ("PMID").

                                    RECITALS

     A. PBC wishes to contract with PMID for the services of PMID in providing
professional or skilled labor in the general field of brewery operations.

     B. PMID is ready, willing, and able to provide such services as may be
required by PBC.

     In consideration of the matters described above, and of the mutual benefits
and obligations set forth in this agreement, the parties agree as follows:

                                   SECTION ONE
                                    SERVICES

A. PMID understands and agrees that services to be provided PBC under and
pursuant to this agreement shall be so provided on a day-to-day, as-needed,
basis and that PBC in its sole discretion shall determine its need, if any, for
services or the continuation of services as may be provided by PMID under and
pursuant to this agreement. This is not an exclusive agreement, and PBC may
obtain its staffing from any source in PBC's discretion.

B. PMID agrees to provide services upon request of PBC and further agrees that
the cost of such services shall not exceed the limitation of cost set forth in
PBC's request. In the absence of express limitation, the cost of such services
shall not exceed PMID's cost plus five percent (5%).

C. PBC shall have sole discretion to establish the minimum qualifications
necessary for the performance of any service to be rendered under and pursuant
to this agreement. Further, if at any time and at its sole discretion, PBC
determines that the services performed under and pursuant to this agreement by
any of the persons provided by PMID are not satisfactory, PBC will so notify
PMID in writing, and PMID shall immediately withdraw such individual and, at
PBC's option, furnish an individual who meets the qualifications required.

D. If so directed by PBC, PMID's services hereunder shall include all services
required for PBC's performance of its duties related to the production and sale
of beer under the Production Agreement dated February 14, 2006 between PBC and
PMID (the "PRODUCTION AGREEMENT"), and PMID shall discharge such duties as
directed by PBC.

                                        1

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                                   SECTION TWO
                                  COMPENSATION

A. For labor expended by PMID in providing services under and pursuant to this
agreement, PMID shall be paid an amount equal to the applicable hourly or daily
rate multiplied by the total number of hours or days actually worked by persons
provided by PMID.

B. Actual expenses of persons provided by PMID incurred in the providing of
services and directly related to such services, shall be reimbursed by PBC to
PMID at actual cost when supported by appropriate receipts.

                                  SECTION THREE
                                     PAYMENT

A. Payment for services provided PBC under and pursuant to this agreement shall
be net thirty (30) days from the date of receipt by PBC of PMID's invoice.
Payment may be by credit on invoices rendered by PBC to PMID, to the extent the
offsetting invoices are payable no later than PBC's invoices.

B. If requested by PBC, Agency's invoice shall set forth the date or dates that
persons provided by PMID actually worked in providing services under and
pursuant to this agreement, in which event beginning and ending dates shall be
shown whenever services are provided uninterrupted over a period of time and
individual dates shall be shown whenever services have been provided on a
day-to-day basis. PMID's invoice shall clearly show the labor classification,
name(s) of PMID-provided worker(s), applicable labor rate(s), and the total
dollars claimed for the period. Whenever PMID provides services for an extended
period of time, PMID shall submit its invoices for labor expended no less often
than quarterly.

C. The expenses incurred by PMID-provided workers directly related to the
providing of services under and pursuant to this agreement shall be reimbursed
by PBC to PMID from regular invoices. Such expenses shall be supported by
appropriate receipts and such other supporting details as may be required by
PBC.

                                  SECTION FOUR
                        STAFFING AGENCY-PROVIDED WORKERS

     PMID-provided workers who perform services for PBC under and pursuant to
this agreement shall be bound by the provisions of this agreement and PMID
shall, at the request of PBC, furnish to PBC satisfactory evidence to that
effect.

                                  SECTION FIVE
                                 CONFIDENTIALITY

     PMID agrees that (a) all knowledge and information that PMID may receive
from PBC or employees or consultants of PBC, or by virtue of the performance of
services under and pursuant to this agreement, relating to inventions, products,
processes, machinery, apparatus, prices, discounts, costs, business affairs,
future plans, or technical data that belong to PBC or to those

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with whom PBC has contracted regarding such information, and (b) all information
provided by PMID to PBC in reports of work done, together with any other
information acquired or gained by PMID or by PMID-supplied workers, shall for
all time and for all purposes be regarded by PMID as strictly confidential and
held by PMID in confidence, and solely for PBC's benefit and use, and shall not
be used by PMID or directly or indirectly disclosed by PMID to any person
whatsoever excepting to PBC or with PBC's written permission.

                                   SECTION SIX
                              AGENCY REPRESENTATION

     PMID represents and warrants that PMID and its PMID-supplied workers have
the right to perform the services required under and pursuant to this agreement
without violation of obligations to others, and that PMID and its PMID-supplied
workers have the right to disclose to PBC all information transmitted to PBC in
the performance of services under and pursuant to this agreement, and PMID
agrees that any information submitted to PBC, whether patentable or not, may be
used fully and freely by PBC.

                                  SECTION SEVEN
                            DURATION AND TERMINATION

A. This agreement shall become effective as of the date stated above and shall
expire on the third anniversary thereof. In addition, this agreement may be
terminated:

          1. 1. Immediately upon death or incapacity of any person employed or
supplied by PMID who, in the sole opinion of PBC, was essential for the
successful performance of PMID's obligation under and pursuant to this
agreement; or

          2. By either party, with or without cause at any time, upon sixty (60)
days' prior written notice; or

          3. By PBC, at any time, upon written notice, if PMID assigns this
agreement, or any right or obligation under this agreement, without PBC's prior
written consent; or if there is a change in the control or management of PMID
that is unacceptable to PBC; or if PMID ceases to function as a going concern or
to conduct its labor contracting operations in the normal course of business; or

          4. Immediately upon the termination of the Production Agreement.

B. The obligations of PMID under Section Five above shall survive any expiration
or termination of this agreement.

C. Upon termination of this agreement, PMID will return to PBC all written
information, drawings, models, and other materials or files supplied to PMID or
created by PMID at the expense of PBC.

                                        3

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                                  SECTION EIGHT
                                 INDEMNIFICATION

     PMID agrees to indemnify and hold PBC, its officers, agents, and employees
harmless from and against any and all liabilities, damages, losses, actions, or
causes of action, costs, and expenses (including attorney's fees), whether
relating to property of PBC or of any third party, or to personal injury or
death, arising out of or in any way contributed to by the acts or failure to act
of the PMID, its agents, employees, officers, or PMID-supplied workers.

                                  SECTION NINE
                             INDEPENDENT CONTRACTOR

     The status of PMID is that of an independent contractor and not of an agent
or employee of PBC and, as such, PMID shall not have the right or power to enter
into any contracts, agreements, or any other commitments on behalf of PBC.

                                   SECTION TEN
                                    INSURANCE

     PMID shall maintain in full force and effect, and upon the request of PBC,
shall furnish evidence satisfactory to PBC that PMID maintains the following
insurance coverages:

A. Comprehensive general liability insurance in the minimum amount of $1,000,000
combined single limit that will cover any and all losses to PBC property,
property of third parties, or personal injuries caused by the acts or omissions
of PMID.

B. For any vehicle used by PMID or PMID-supplied workers in providing services
under and pursuant to this agreement, vehicle liability insurance in the minimum
amount of $1,000,000 combined single limit.

C. PMID will carry Workers' Compensation and Employer's Liability Insurance in
accordance with applicable law.

                                 SECTION ELEVEN
                                   ASSIGNMENT

     The rights and obligations of PMID under this agreement are personal to
PMID and may not be assigned or transferred to any other person, firm,
corporation, or other entity without the prior, express, and written consent of
PBC.

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                                 SECTION TWELVE
                                ENTIRE AGREEMENT

     This agreement shall constitute the entire agreement between the parties
with respect to the provision of staff to PBC by PMID, and any prior
understanding or representation of any kind preceding the date of this agreement
shall not be binding upon either party except to the extent expressly
incorporated in this agreement.

                                SECTION THIRTEEN
                                     NOTICES

     Any notice provided for or concerning this agreement shall be in writing
and be deemed sufficiently given when sent by certified or registered mail if
sent to the respective address of each party as set forth at the beginning of
this agreement.

                                SECTION FOURTEEN
                                  GOVERNING LAW

     It is agreed that this agreement shall be governed by, construed, and
enforced in accordance with the laws of the State of Oregon.

                                 SECTION FIFTEEN
                               PARAGRAPH HEADINGS

     The titles to the paragraphs of this agreement are solely for the
convenience of the parties and shall not be used to explain, modify, simplify,
or aid in the interpretation of the provisions of this agreement.

                                 SECTION SIXTEEN
                            MODIFICATION OF AGREEMENT

     Any modification of this agreement or additional obligation assumed by
either party in connection with this agreement shall be binding only if
evidenced in writing signed by each party or an authorized representative of
each party.

                                SECTION SEVENTEEN
                                    NO WAIVER

     The failure of either party to this agreement to insist upon the
performance of any of the terms and conditions of this agreement, or the waiver
of any breach of any of the terms and conditions of this agreement, shall not be
construed as thereafter waiving any such terms and conditions, but the same
shall continue and remain in full force and effect as if no such forebearance or
waiver had occurred.

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Executed February 14, 2006

                                        PYRAMID BREWERIES, INC.

                                        ----------------------------------------
                                        By: John Lennon
                                        Its: President and
                                             Chief Executive Officer

                                        PORTLAND BREWING COMPANY

                                        ----------------------------------------
                                        By: R. Scott MacTarnahan
                                        Its: President<PAGE>

                                                                   Exhibit 10.30

                                    SUBLEASE
                                   (ALEHOUSE)

     THIS SUBLEASE is effective August 1, 2004, by and between PBC ACQUISITION,
LLC, a Delaware limited liability company ("Landlord") and PORTLAND BREWING
COMPANY, an Oregon corporation ("Tenant").

     1. BASIC LEASE PROVISIONS.

          1.1 Premises Address: 2730 NW 31st Avenue, Portland, Oregon 97210.

          1.2 Tenant's Address: 11416 SW Lynnridge Avenue, Portland, Oregon
97225.

          1.3 Landlord's Address (for notices): c/o Pyramid Breweries Inc.,
Attn: Chief Financial Officer, 91 South Royal Brougham Way, Seattle, Washington
98134.

          1.4 Prime Landlord: MacTarnahan Limited Partnership, an Oregon limited
partnership.

          1.5 Prime Landlord's Address (for notices): Attn: Scott MacTarnahan,
11416 SW Lynnridge Avenue, Portland, Oregon 97225.

          1.6 Identification of Prime Lease and all amendments thereto:
Indenture of Lease (Ale House) dated July 31, 2004, by and between Prime
Landlord and Landlord, as evidenced by Memorandum of Lease dated July 31, 2004
by and between Prime Landlord and Landlord and recorded in the Official Records
of Multnomah County, Oregon.

          1.7 Sublease Term: From the Commencement Date (defined below) through
July 31, 2014, subject to two (2) successive options to extend the term of the
Sublease for five (5) years each as described more particularly in Section 21
hereunder.

          1.8 Commencement Date: August 1, 2004.

          1.9 Expiration Date: July 31, 2014, with extension options described
in Section 1.7 above; provided that this Sublease shall terminate automatically
upon termination or expiration of the Prime Lease, or upon termination or
expiration of the Management Agreement between Tenant and Guarantor.

          1.10 Base Rent: $90,000 per annum; provided that Base Rent shall
increase proportionally with any increase in Landlord's Base Rent to Prime
Landlord pursuant to Section III of the Prime Lease.

          1.11 Payee of Rent: PBC Acquisition, LLC.

          1.12 Address for Payment of Rent: c/o Pyramid Breweries Inc., Attn:
Chief Financial Officer, 91 South Royal Brougham Way, Seattle, Washington 98134.

<PAGE>

          1.13 Guarantor of Landlord's obligations, as tenant, under the Prime
Lease: Pyramid Breweries, Inc., a Washington corporation ("Guarantor").

          1.14 Description of Premises: As defined in Article I of Prime Lease.

          1.15 Security Deposit: None.

          1.16 Tenant's Use: As set forth in Article IV, Section 2 of Prime
Lease.

          1.17 Broker: None.

     2. PRIME LEASE. Landlord is the tenant under a Prime Lease (the "Prime
Lease") with the Prime Landlord identified in Section 1.4, bearing the date
specified in Section 1.6. Landlord represents and warrants to Tenant that (a)
Landlord has delivered to Tenant a full and complete copy of the Prime Lease and
all other agreements between Prime Landlord and Landlord relating to the
leasing, use or occupancy of the Premises, (b) the Prime Lease is, as of the
date hereof, in full force and effect, and (c) no event of default has occurred
under the Prime Lease and, to Landlord's knowledge, no event has occurred and is
continuing which would constitute an event of default but for the requirement of
the giving of notice and/or the expiration of the period of time to cure.
Capitalized terms used without definition herein shall have the meanings
ascribed to them in the Prime Lease.

     3. BREWERY LEASE; RELATED AGREEMENTS. Of even date herewith, Tenant and
Landlord have entered into that certain Restaurant Management Agreement (the
"Management Agreement") which establishes a contractual relationship between
Landlord and Tenant for the management and operation of an alehouse on the
Premises. Pursuant to that Indenture of Lease (Brewery) dated July 31, 2004
between Prime Landlord and Landlord (the "Brewery Lease"), Prime Landlord also
leases to Landlord certain space in the Building which is presently being
operated as a brewery (the "Brewery Premises"). Landlord and Tenant have also
entered into: (a) a separate sublease (the "Brewery Sublease") dated effective
August 1, 2004 pursuant to which Landlord subleases to Tenant the Brewery
Premises; and (b) that certain Production Agreement (the "Production Agreement")
dated effective August 1, 2004 which establishes a contractual relationship
between Landlord and Tenant for the operation of the Brewery Premises.

     4. SUBLEASE. Landlord, for and in consideration of the rents herein
reserved and of the covenants and agreements herein contained on the part of
Tenant to be performed, hereby subleases to Tenant, and Tenant accepts from the
Landlord, certain space described in Section 1.14 (the "Premises") and located
in the building (the "Building"), situated on and a part of the property (the
"Property") legally described in Exhibit A attached hereto and made a part
hereof, together with all appurtenant rights thereto as set forth in the Prime
Lease or otherwise.

     5. TERM. The term of this Sublease (hereinafter "Term") shall commence on
the date specified in Section 1.8 (hereinafter "Commencement Date"). The Term
shall expire on the date ("Expiration Date") specified in Section 1.9, unless
sooner terminated as otherwise provided elsewhere in this Sublease or extended
pursuant to an available extension option. This Sublease shall immediately
terminate upon the termination of the Production Agreement.

                                      -2-
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     6. POSSESSION. Landlord agrees to deliver possession of the Premises on or
before the Commencement Date in their condition as of the execution and delivery
hereof, reasonable and usual wear and tear excepted.

     7. TENANT'S USE. The Premises shall be used and occupied only for the
Tenant's Use set forth in Section 1.16.

     8. RENT. Beginning on the Commencement Date, Tenant agrees to pay the Base
Rent set forth in Section 1.10 to the Payee specified in Section 1.11, at the
address specified in Section 1.12, or to such other payee or at such other
address as may be designated by advanced notice in writing from Landlord to
Tenant, without prior demand therefor and without any deduction whatsoever. Base
Rent shall be paid in equal monthly installments in advance on the first day of
each month of the Term, except that the first installment of Base Rent shall be
paid by Tenant to Landlord upon execution of this Sublease by Tenant. Base Rent
shall be prorated for partial months, if any, at the beginning and end of the
Term. Base Rent may also be referred to herein as "Rent". Tenant's covenant to
pay Rent shall be independent of every other covenant in this Lease. If Rent is
not paid when due, Tenant shall pay, relative to the delinquent payment, an
amount equal to the sum which would be payable by Landlord to Prime Landlord for
an equivalent default under the Prime Lease.

     9. ADDITIONAL RENT. Landlord shall be solely liable for any and all
Additional Rent (as defined in the Prime Lease) under the Prime Lease, whether
such Additional Rent is to reimburse Prime Landlord for taxes, operating
expenses, common area maintenance charges or any other expenses incurred by the
Prime Landlord in connection with the Property. Tenant shall not be liable to
Landlord hereunder or otherwise for any cost or expense which constitutes or is
treated as Additional Rent under the Prime Lease.

     10. UTILITY AND MAINTENANCE OBLIGATIONS. Landlord shall be solely
responsible for the following at Landlord's sole expense:

          10.1 All utility consumption costs, including without limitation,
electric and other charges incurred in connection with lighting, and providing
electrical power to the Premises, to the extent Landlord is obligated to pay for
the same under the Prime Lease. Landlord shall hold Tenant harmless from all
costs or expenses Tenant may incur from Landlord's failure to pay such utility
bills or to perform any of Landlord's obligations with respect to the purchase
of utilities.

          10.2 All maintenance, repairs and replacements as to the Premises and
the Building, including without limitation all Common Maintenance Obligations
(as defined in the Prime Lease), to the extent Landlord, as tenant, is obligated
to pay for or perform the same under the Prime Lease.

     11. QUIET ENJOYMENT. Landlord represents that it has full power and
authority to enter into this Sublease. So long as Tenant is not in default in
the performance of its covenants and agreements in this Sublease, Tenant's quiet
and peaceable enjoyment of the Premises shall not be disturbed or interfered
with by Landlord, or by any person claiming by, through, or under Landlord.

                                       -3-

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     12. INSURANCE. Landlord shall procure and maintain, at its own cost and
expense, such liability insurance and property insurance as is required to be
carried by Landlord, as tenant, under the Prime Lease. Landlord and Tenant
release each other, and their respective members, managers, partners,
shareholders, directors, officers, and employees, from, and waive their entire
claim of recovery for, any claims for damage to the Premises and the Building
and to Tenant's alterations, trade fixtures and personal property that are
caused by or result from fire, lightning or any other perils normally included
in an "all risk" or "special causes of loss" property insurance policy whether
or not such loss or damage is due to the negligence of Landlord, or its members,
mangers, partners, shareholders, directors, officers, or employees, or of
Tenant, or its members, managers, partners, shareholders, directors, officers,
or employees. Landlord shall cause each insurance policy obtained by it to
provide that the insurance company waives all right of recovery by way of
subrogation against either party in connection with any damage covered by such
insurance policy.

     13. FIRE OR CASUALTY OR EMINENT DOMAIN. In the event of a fire or other
casualty affecting the Building or the Premises, or of a taking of all or a part
of the Building or Premises under the power of eminent domain, Landlord shall
not exercise any right which may have the effect of terminating the Prime Lease
without first obtaining the prior written consent of Tenant. In the event
Landlord is entitled, under the Prime Lease, to a rent abatement as a result of
a fire or other casualty or as a result of a taking under the power of eminent
domain, then Tenant shall be entitled to abatement of Rent hereunder. If the
Prime Lease imposes on Landlord the obligation to repair or restore the Building
or any portion of the Premises, Tenant shall permit Landlord to enter the
Premises to perform the same, subject to such conditions as Tenant may
reasonably impose.

     14. SURRENDER. Upon the expiration of this Sublease, or upon the
termination of the Sublease or of the Tenant's right to possession of the
Premises, Tenant will at once surrender and deliver up the Premises, together
with all improvements thereon, to Landlord.

     15. INDEMNITY

          15.1 Landlord's Indemnity. As between Landlord and Tenant, and except
to the extent otherwise provided in this Section 15.1, Tenant shall not be
liable for injury to any person, or for the loss of or damage to any property
(including property of Landlord or Tenant) occurring in or about the Premises
from any cause whatsoever. Landlord hereby assumes all risk of damage to
property or injury to persons in, upon or about the Premises, from any cause
whatsoever except that which is caused by the negligence or willful misconduct
of Tenant. Landlord hereby indemnifies and holds Tenant harmless, and shall
defend Tenant, from and against any and all claims, charges, liabilities,
obligations, penalties, causes of action, liens, damages, costs and expenses
(including attorney fees) arising, claimed, charged or incurred against or by
Tenant and arising from or in connection with: (a) Tenant's use or occupancy of,
or any activity, work or other thing done, permitted or suffered by Tenant on or
about, the Premises, whether before, after or during the term, or (b) any act or
omission of Landlord, or any officer, contractor, agent, employee, guest,
licensee, or invitee of Landlord, on or about the Premises, Building or Land.
Such indemnification obligation shall extend to all costs, attorney fees, and
liabilities incurred in connection with the defense of any such claim (including
appeals and petitions for review) or any action or proceeding brought thereon.

                                       -4-

<PAGE>

          15.2 Limit on Tenant's Liability. Tenant and its agents shall not be
liable for any loss or damage to persons or property resulting from fire,
exposure, falling plaster or other material, steam, gas, electricity, or from
bursting, overflowing, or leaking of water, water or rain which may leak from or
into any part of the Premises or from pipes, appliances or plumbing works
therein or from the roof, street or subsurface or from any other place, from
dampness, from electrical wiring, circuitry, power surges, overloads, spiking or
interruption of any kind, from air conditioning equipment, or from gas or odors,
sprinkler leakage, or from any other cause whatsoever, unless caused by or due
to the negligence or willful misconduct of Landlord, its agents, invitees,
servants or employees. Tenant and its agents shall not be liable for
interference with the light, air, or other incorporeal hereditaments or for any
latent defect in or on the Premises or the Building.

          15.3 Defense of Claims. In case any action or proceeding shall be
brought against Tenant by reason of a claim covered by the provisions of Section
15, Landlord, upon notice from Tenant, shall defend the same at Landlord's
expense, by counsel approved in writing by Tenant.

     16. DEFAULTS. Landlord and Tenant agree that any one or more of the
following events shall be considered a Default hereunder:

          16.1 Any Event of Default (as defined in the Prime Lease) shall occur
under the Prime Lease and continue beyond any applicable cure period thereunder;
or

          16.2 Any Event of Default (as defined in the Brewery Lease) shall
occur under the Brewery Lease and continue beyond any applicable cure period
thereunder; or

          16.3 Tenant shall fail to make any payment of Rent hereunder for five
(5) business days after Tenant's receipt of written notice thereof; or

          16.4 Any default shall occur under the Operating Agreement and
continue beyond any applicable cure period thereunder; or

          16.5 Any default shall occur under the Brewery Sublease or the
Production Agreement and continue beyond any applicable cure period thereunder.

     17. REMEDIES. Upon the continuance of any one or more Defaults beyond any
applicable cure period, the nondefaulting Party (defined below) may terminate
this Lease by providing ten (10) business days' notice to the other party.
Landlord and Tenant expressly agree that this termination right is an adequate
and fair remedy hereunder, and that this termination right shall therefore be
the sole and exclusive remedy available to both parties. For purposes of this
Section 17 only, an Event of Default by Prime Landlord on the Prime Lease shall
be considered a Default by Tenant hereunder, and a default by either Party under
the Operating Agreement shall be considered a Default by such Party hereunder.

     18. SECURITY DEPOSIT. No security deposit shall be required hereunder.

     19. NOTICES AND CONSENTS. Any notices, demands, or other communications to
be given under this Sublease shall be in writing and personally delivered or
sent by certified

                                       -5-

<PAGE>

mail, return receipt requested, postage prepaid, addressed to the parties at the
addresses listed below, or at such other addresses as the parties may from time
to time designate in writing. All notices shall be deemed received on the date
delivered, if personally delivered, or the date delivery is officially recorded
on the return receipt, if sent by certified mail.

          Tenant:   The address specified in Section 1.2.

          Landlord: The address specified in Section 1.3.

     20. PROVISIONS REGARDING SUBLEASE. In the event of any conflict between
this Sublease and the Prime Lease, the conflicting provision of the Prime Lease
shall control. Nothing contained herein shall modify or supersede any provision
of the Prime Lease. Tenant's obligations shall be solely those set forth herein;
no implied obligations shall be attributed to Tenant by virtue of the Prime
Lease or otherwise.

     21. RENEWAL TERMS. Landlord acknowledges that Landlord has two options to
extend the term of the Prime Lease for five (5) years per option, and agrees
that Landlord shall provide Tenant with a copy of any notice provided to Prime
Landlord in connection with the exercise or waiver of such options concurrently
with delivery thereof to Prime Landlord. Landlord further agrees that Tenant
shall have two options to extend the term of this Sublease concurrently with the
Renewal Terms (as defined in the Prime Lease) available to Landlord under the
Prime Lease, and that Tenant shall have a period of thirty (30) days following
Tenant's receipt of a copy of the notice from Landlord pursuant to the preceding
sentence in which to exercise or waive Tenant's extension option. Base Rent
hereunder during any such extension period shall be increased proportionally to
any increase in Landlord's Base Rent owing to Prime Landlord pursuant to the
Prime Lease during the applicable Renewal Term.

     22. EXPANSION SPACE. Landlord and Tenant acknowledge that in the event that
the Brewery Lease expires or terminates prior to the expiration or termination
of the Prime Lease, the Expansion Space (as defined in the Prime Lease) shall be
added automatically to the Prime Lease Premises pursuant to the terms of Article
I of the Prime Lease. Landlord and Tenant agree that in such event, the Premises
subleased hereunder shall also be expanded so as to incorporate the Expansion
Space (an "Expansion Event"), it being the intent of the parties that the
Premises subleased hereunder shall at all times be identical to the Prime Lease
Premises, and that the Base Rent due hereunder following an Expansion Event
shall be increased proportionally to any increase in Landlord's Base Rent owing
to Prime Landlord under the Prime Lease. Landlord further agrees that Landlord
shall be solely responsible at Landlord's sole expense for performance of any
demolition, remodeling, construction, or any other alterations required in
connection with an Expansion Event.

     23. PRIME LANDLORD'S CONSENT. This Sublease and the obligations of Landlord
and Tenant (each singly a "Party" and together the "Parties") hereunder are
expressly conditioned upon Landlord's obtaining prior written consent hereto by
Prime Landlord and Guarantor. Landlord and Tenant hereby agree, for the benefit
of Prime Landlord, that this Sublease and Prime Landlord's consent hereto shall
not: (a) create privity of contract between Prime Landlord and Tenant; (b) be
deemed to have amended the Prime Lease in any regard (unless Prime Landlord
shall have expressly agreed in writing to such amendment); or (c) be

                                       -6-

<PAGE>

construed as a waiver of Prime Landlord's right to consent to any assignment of
the Prime Lease by Landlord or any further subletting of premises leased
pursuant to the Prime Lease, or as a waiver of Prime Landlord's right to consent
to any assignment by Tenant of this Sublease or any sub-subletting of the
Premises or any part thereof. Prime Landlord's consent shall, however, be deemed
to evidence Prime Landlord's agreement that Tenant may use the Premises for the
purpose set forth in Section 1.16.

     24. BROKERAGE. Each party warrants to the other that it has had no dealings
with any broker or agent in connection with this Sublease, and covenants to pay,
hold harmless and indemnify the other party from and against any and all costs
(including reasonable attorneys, fees), expense or liability for any
compensation, commissions and charges claimed by any other broker or other agent
with respect to this Sublease or the negotiation thereof on behalf of such
party.

Executed February 14, 2006.

LANDLORD:                               PBC ACQUISITION, LLC, a Delaware limited
                                        liability company, by its Member

                                        PYRAMID BREWERIES, INC., a Washington
                                        corporation

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

TENANT:                                 PORTLAND BREWING COMPANY, an Oregon
                                        corporation

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

     Prime Landlord and Guarantor join in the execution of this Sublease solely
to provide their consent hereto:

PRIME LANDLORD:                         MACTARNAHAN LIMITED PARTNERSHIP, an
                                        Oregon limited partnership

                                        By: HARMER MILL & LOGGING
                                            SUPPLY CO., an Oregon corporation
                                        Its: General Partner

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                       -7-

<PAGE>

     GUARANTOR:                         PYRAMID BREWERIES, INC., a Washington
                                        corporation

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                       -8-

<PAGE>

                                    EXHIBIT A

                          Legal Description of Property

          A tract of land in Section 29, Township 1 North, Range 1 East of the
          Willamette Meridian, in the County of Multnomah and State of Oregon,
          more particularly described as follows:

          Beginning at the Northwest corner of Industrial Center in Portland,
          Oregon; thence North 88 degrees 32' East of 30.04 feet to the
          intersection of the Easterly line of NW 31st Avenue with the Northerly
          line of NW Industrial Street, which point is the true point of
          beginning for this description; thence continuing North 88 degrees 32'
          East along the Northerly line of NW Industrial Street 259.0 feet to a
          point on a 277.94 foot radius curve, the tangent to which curve bears
          North 37 degrees 39' East, said point is 10.0 feet Northwesterly from
          a certain drill track when measured at right angles thereto; thence
          Northeasterly along said 277.94 foot radius curve, parallel to and
          10.0 feet Westerly from said drill track, 161.42 feet to a point on
          the Easterly prolongation of the Southerly line of that certain tract
          of land conveyed to Dan Davis by the Spokane, Portland and Seattle
          Railway Company by deed dated April 12, 1954, recorded April 21, 1954
          in Book 1655, Page 124, Deed Records; thence North 88 degrees 21' West
          along the Easterly prolongation of said Southerly Line of the Dan
          Davis tract and said Southerly line of the Dan Davis tract, 317.0
          feet, to a point on the Easterly line of NW 31st Avenue; thence South
          01 degree 39' West along the Easterly line of NW 31st Avenue 162.17
          feet to the true point of beginning.

TOGETHER WITH THE FOLLOWING APPURTENANT PARKING EASEMENT:

     Beginning at the Northeast corner of Lot 12, Block 4 of the Plat of
     INDUSTRIAL CENTER, located in Township 1 North, Range 1 East of the
     Willamette Meridian, in the City of Portland, County of Multnomah and State
     of Oregon, said point at the intersection of the Southerly right-of-way of
     NW Industrial Street and the Westerly right-of-way of NW 29th Avenue;
     thence South 0 degrees 38' 03" West along Westerly right-of-way of NW 29th
     Avenue, a distance of 233.28 feet; thence North 89 degrees 20' 48" West,
     162.48 feet; thence North 0 degrees 39' 37" East 18.06 feet; thence North
     89 degrees 24' 55" West, 18.79 feet; thence South 0 degrees 49' 41" West,
     8.90 feet; thence North 89 degrees 10' 29" West, 11.23 feet; thence South 2
     degrees 23' 09" West, 4.89 feet; thence North 87 degrees 43' 31" West 10.91
     feet; thence North 0 degrees 55' 53" West, 7.99 feet; thence North 89
     degrees 10' 29" West, 21.06 feet; thence South 57 degrees 53' 33" West,
     15.41 feet; thence North 89 degrees 18' 04" West, 59.59 feet to the
     Easterly right-of-way of NW 30th Avenue; thence North 0 degrees 43' 31"
     East along said right-of-way a distance of 212.91 feet to the southerly
     right-of-way of NW Industrial Street; thence North 87 degrees 32' 46" East
     along said right-of-way a distance of 297.50 feet to the point of
     beginning.

1 - EXHIBIT A

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