Document:

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                                                                   EXHIBIT 10.26

September 9, 2003

                            [PYRAMID BREWERIES LOGO]

Mr. James Hilger
1870785th Place West
Edmonds, WA 98026

Dear Jim:

I am delighted to be able to offer you an invitation to join our company. This
letter confirms the basic terms and conditions of our offer of employment to
you. Please review it carefully and call me if you have any questions or
comments. Once you have reviewed it and had your questions and concerns, if any,
addressed to your satisfaction, please sign it and retain a copy for yourself
and return the original to me. If you accept the offer, this letter will be
maintained in your personnel file.

The title of your position is Chief Financial Officer and VP - Finance. Stated
broadly, you are responsible for all financial matters of the company. This
includes, but is not limited to Accounting/Reporting, Financial Planning and
Analysis, Information Systems, Business Development (M&A), Internal Controls,
Treasury Functions, Benefit Administration, Risk Management, Investor Relations,
Legal, Corporate Administration and Corporate Secretary responsibilities. We
intend to provide you with a more detailed job description in the near term.
However, you should bear in mind that because we staff ourselves leanly, we will
require you to perform a broad range of tasks. Further, your tasks may evolve
over time as the organization itself grows and matures. You will be expected to
perform all tasks reasonably assigned to you, regardless of whether they fall
within the scope of your job description.

Your compensation and benefits package at Pyramid Breweries Inc. will include
the following:

1.    Your base salary will be $5384 62 per pay period ($140,000.12 annually),
      payable bi-weekly in arrears, by direct bank transfer,

2.    Your first annual performance review is scheduled for February 2004.
      Interim performance reviews are scheduled at my discretion.

3.    Group medical coverage through Regence Blue Shield, Vision and dental
      coverage via the company's 50% reimbursement program.. All coverage begins
      the first calendar day of the first month after 90 days of employment.

4.    You will earn 160 hours of vacation for each year of service. You will
      earn 40 hours of sick leave each year of service (up to a maximum of 160
      hours). Pyramid Breweries Inc. also observes seven paid holidays each
      year. Per company policy, accrued vacation is eligible for use after six
      months of employment.

5.    Eligibility for participation in the Pyramid Breweries Inc. 401(k) Plan on
      January 1, 2004.

6.    Eligibility for participation in the Employee Stock Purchase Plan on
      January 1, 2004.

7.    A monthly car allowance will be $ 300.00, in addition to reimbursement for
      gas purchased by you for business use.

8.    You will have an annual bonus opportunity based on the performance of the
      company. A copy of the Officer Incentive Compensation Plan will be
      forwarded under separate cover.

9.    If Pyramid terminates your employment when neither cause nor permanent
      disability exists, we shall pay you, as liquidated damages and in lieu of
      all other remedies to which you might be entitled arising out of the
      termination, termination payments equal to three month's salary. For the
      same three-month period, we shall continue to provide at our cost, the
      company's medical benefits to you and your qualifying family members.
      After the completion of two years of service, termination payments will
      equal six month's salary and respective medical benefits to you and your
      qualifying family members. Such liquidated damages shall be paid only if
      you execute a full and final general release of all claims against
      Pyramid Breweries Inc. (including Company's officers, directors, agents,
      employees and assigns) arising out of your employment relationship with
      the company. Termination payments shall be paid out at your normal
      payroll rate on regular payroll days subject to normal payroll deductions.

                              www Pyramid Brew.com

Pyramid Breweries Inc - 91 S Royal Brougham Way - Scatlle, WA 98134 - TEL [206]
                          682-8322 - FAX [206] 682-8420

                                                                     Page 1 of 2

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10.   A grant of 120,000 shares in stock options at current market value. 40,000
      of these options will vest the end of one calendar year of employment. The
      remaining 80,000 options will vest over years two and three of your
      employment at 1/24th each month, (A separate, formal stock option
      agreement will be forwarded under separate cover).

This offer is subject to your ability to begin work no later than September 17,
2003. Employment is also contingent on your passing our pre-employment drug
test as well as a background check.

Please be sure to bring a valid Washington State driver's license and a social
security card (or other appropriate proof of your identity and authorization to
work in the United States) on your first day of employment.

Your employment with us is for an indefinite term. And, while we hope (and
expect) that it will be a mutually rewarding relationship, employment
termination does occur from time to time. For that reason, you should understand
that your employment is on an at-will basis. This means that you and we are free
to end the relationship at any time for any reason. We are not required to show
cause, provide progressive discipline or follow any other procedure before
discharge. This policy may be changed only in a written agreement signed by me.
So if you hear or read statements to the contrary, you should not rely on them.

In performing your job duties, you will be exposed to a great deal of
confidential information regarding our company, our products and employees and
our customers. It is essential that all such information, which is not generally
known to the public, be kept confidential and not be disclosed to any third
parties without our express authorization. I cannot emphasize this point enough.
Confidentiality is a primary concern.

You will be provided with a key to the company. It is important that you not
allow anybody else to use the key. Also, under no circumstances may the key be
copied. If you lose the key, please advise me immediately.

If you have any questions about any aspect of this letter, please let me know.
If you understand the letter and agree to its contents, please sign below,
return the original to me and retain a copy for your records.

I am excited about our future together as part of the team here at Pyramid
Breweries and am looking forward to working with you.

Sincerely,

/s  Martin Kelly
-------------------
Martin Kelly
Chairman & CEO

cc: Human Resources

/s/ James Hilger
------------------
James Hilger

9-9-05
(date)

                                                                     Page 2 of 2<PAGE>

                                                                   EXHIBIT 10.27

September 17, 2002

                            [PYRAMID BREWERIES LOGO]

Patrick Coll
1456 Page Street #1
San Francisco, CA 94117-4327

Dear Patrick:

I am delighted to be able to offer you an invitation to join our company. This
letter confirms the basic terms and conditions of our offer of employment to
you. Please review it carefully and call me if you have any questions or
comments. Once you have reviewed it and had your questions and concerns, if any,
addressed to your satisfaction, please sign it and retain a copy for yourself
and return the original to me. If you accept the offer, this letter will be
maintained in your personnel file.

The title of your position is Vice President - Alehouse Operations. Stated
broadly, you are responsible for (1) improving the performance of the company's
multiple existing high-volume, casual-dining restaurants, and (2) opening and
firmly establishing new high-volume locations. You will also be involved in
advising on the site selection and development process for new locations. We
intend to provide you with a more detailed job description in the near term.
However, you should bear in mind that because we staff ourselves leanly, we will
require you to perform a broad range of tasks. Further, your tasks may evolve
over time as the organization itself grows and matures. You will be expected to
perform all tasks reasonably assigned to you, regardless of whether they fall
within the scope of your job description.

Your compensation and benefits package at Pyramid Breweries Inc. will include
the following:

1.    Your base salary will be $ 4500.00 per pay period ($117,000.00 annually),
      payable bi-weekly in arrears, by direct bank transfer.

2.    We will pay you a lump-sum signing bonus in the amount of $3000,
      payable at the completion of your first 30 days of service with the
      company.

3.    Your first annual performance review is scheduled for February 2003.
      Interim performance reviews are scheduled at my discretion.

4.    Group medical coverage through Regence Blue Shield. Vision and dental
      coverage via the company's 50% reimbursement program. All coverage begins
      the first calendar day of the first month after 90 days of employment.

5.    You will earn 160 hours of vacation each year of service. You will earn 40
      hours of sick leave each year of service (up to a maximum of 160 hours).
      Pyramid Breweries Inc also observes seven paid holidays each year. Per
      company policy, accrued vacation is eligible for use after six months of
      employment.

6.    Eligibility for participation in the Pyramid Breweries Inc 401(k) Plan on
      January 1, 2003.

7.    Eligibility for participation in the Employee Stock Purchase Plan on
      January 1, 2003.

8.    Your monthly car allowance will be $300.00, in addition to reimbursement
      for gas purchased by you for business use.

9.    You will have an annual bonus opportunity of up to 40% of base salary
      based on meeting agreed upon financial targets and objectives (subject to
      the company's annual bonus plan parameters).

                              www Pyramid Brew.com

   Pyramid Breweries Inc - 901 Gilman Street - Berkeley, CA 94710 - TEL [510]
                         527-9090 - FAX [510] 559-7063

<PAGE>

10.   You are hereby offered 100,000 shares in stock options at current market
      value 33,333 of these options will vest the end of one calendar year of
      employment. The remaining 66,667 options will vest over the following
      two-year period, 1/24th each month.

11.   After the completion of one year of service, if Pyramid terminates your
      employment when neither cause nor permanent disability exists, we shall
      pay you, as liquidated damages and in lieu of all other remedies to which
      you might be entitled arising out of the termination, termination payments
      equal to three month's salary. For the same three-month period, we shall
      continue to provide at our cost, the company's medical benefits to you and
      your qualifying family members. Such liquidated damages shall be paid only
      if you execute a full and final general release of all claims against
      Pyramid Breweries Inc. (including Company's officers, directors, agents,
      employees and assigns) arising out of your employment relationship with
      the company. Termination payments shall be paid out at your normal payroll
      rate on regular payroll days subject to normal payroll deductions.

This offer is subject to your ability to begin work no later than September 30,
2002. Employment is also subject to you passing our pre-employment drug test as
well as a reference check.

Please be sure to bring a valid California State driver's license and a social
security card (or other appropriate proof of your identity and authorization to
work in the United States) on your first day of employment.

Your employment with us is for an indefinite term, And, while we hope (and
expect) that it will be a mutually rewarding relationship, employment
termination does occur from time to time. For that reason, you should understand
that your employment is on an at-will basis. This means that you and we are free
to end the relationship at any time for any reason. We are not required to show
cause, provide progressive discipline or follow any other procedure before
discharge. This policy may be changed only in a written agreement signed by me.
So if you hear or read statements to the contrary, you should not rely on them.

In performing your job duties, you will be exposed to a great deal of
confidential information regarding our company, our products and employees and
our customers. It is essential that all such information, which is not generally
known to the public, be kept confidential and not be disclosed to any third
parties without our express authorization. I cannot emphasize this point enough.
Confidentiality is a primary concern.

You will be provided with a key to the company. It is important that you not
allow anybody else to use the key Also, under no circumstances may the key be
copied. If you lose the key, please advise me immediately.

If you have any questions about any aspect of this letter, please let me know.
If you understand the letter and agree to its contents, please sign below,
return the original to me and retain a copy for your records.

I am excited about to working with you as part of the Pyramid Breweries team.

Sincerely,

/s/ Martin Kelly
-----------------
Martin Kelly
Chairman & CEO

cc: Human Resource

/s/ Patrick Coll
------------------
Patrick Coll

9-24-02
(date)

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