Document:

EX-10.18

 Exhibit 10.18 

SECOND AMENDMENT TO 

BREWING SERVICES AGREEMENT 

BETWEEN 
 CBC LATROBE
ACQUISITION, LLC 
 AND 

AMERICAN CRAFT BREWERY LLC 

THIS SECOND AMENDMENT TO BREWING SERVICES AGREEMENT (this “Second Amendment”) is entered into effective as of the 11th day of
October, 2018 (the “Effective Date”), by and between CBC Latrobe Acquisition, LLC, a Pennsylvania limited liability company (“CBC”), and American Craft Brewery LLC
successor-in-interest to Boston Beer Corporation, a Massachusetts limited liability company (“Boston Beer”). Boston Beer and CBC are sometimes referred to
herein individually as a “Party” and collectively as the “Parties.” 
 The Parties entered into that certain Brewing
Services Agreement effective as of March 28, 2007 (the “Agreement”), as amended by an Amendment of Brewing Services Agreement dated November 13, 2009, ( the “First Amendment”), pursuant to which Boston Beer’s
proprietary alcoholic beverages are produced and packaged at CBC’s facility in Latrobe, Pennsylvania (the “Latrobe Brewery”), which agreement is guaranteed by City Brewing Company, LLC, the sole member of CBC (“City
Brewing”). 
 CBC, through its affiliated company Blues City Brewery LLC, and American Craft Brewery LLC entered into that certain
Production Services Agreement effective January 26, 2016 (the “Memphis Agreement”), pursuant to which Boston Beer’s proprietary alcoholic beverages are produced and packaged at the Memphis, Tennessee Brewery (the “Memphis
Brewery”). 
 The Parties desire to make certain modifications to the Agreement and to memorialize certain other arrangements between
the parties, on the terms and conditions set forth in this Amendment. 
 The capitalized terms used in this Amendment without definition
shall have the meanings ascribed to such terms by the Agreement. 
 ACCORDINGLY, in consideration of the mutual agreements contained in this
Agreement, the Parties, intending to be legally bound, hereby agree, as follows: 
 1. Payment to CBC for Capital Expenditure; CBC Capacity
Commitments. Section 3 of the Agreement, as amended by the First Amendment, is hereby deleted in its entirety and replaced with the following: 

3. Payment to CBC for Capital Expenditure; CBC Capacity Commitments.  

(a) Boston Beer agrees to pay CBC the sum of Eight Million Dollars ($8,000,000.00) to be used by CBC as it deems appropriate for the purpose of
enhancing “sleek can” production and 31” x 39” beer pallet capabilities at the Latrobe Brewery (the “Facility Enhancement”). Payment of such sum shall be made as follows: (i) a nonrefundable four million dollars
($4,000,000.00) due within ten (10) days of execution of this Amendment, and (ii) four million dollars ($4,000,000.00) within thirty (30) days of successful qualification of Truly Spiked and Sparkling Products. For this purpose,
“successful qualification” shall mean completion by CBC of 

  
 - 1 - 

 
two (2) one thousand barrel (1000 barrel) batches which satisfy all liquid and sleek can packaging specifications. Improvements resulting from the Facility Enhancement shall be the sole and
exclusive property of CBC. CBC shall deliver written notice to Boston Beer upon attainment of substantial completion of the Facility Enhancement; provided, however, that such date including successful qualification shall occur no later than
May 31, 2019 (the “Completion Date”). 
 (b) From and after the Completion Date, notwithstanding anything to the contrary in
the Agreement or otherwise, CBC shall commit available packaging capacity to Boston Beer of not less than 10,000,000 cases (725,806 barrels) of 24—12 ounce sleek can Products for the twelve-month period commencing on the Completion Date and
continuing to the anniversary date thereof, and further continuing for each 12-month period thereafter, ending with the expiration or earlier termination of the Agreement. During such commitment period(s), CBC
shall not be required to package in excess of 1,500,000 cases (108,870 barrels) of 24—12 ounce sleek can Products in any single calendar month. 

(c) In advance of the Completion Date, City Brewing agrees to commit available packaging capacity of not less than 250,000 cases (18,145
barrels) of 24—12 ounce sleek loose pack can Products at its LaCrosse Brewery and/or Memphis Brewery (on a combined basis) per calendar month during the period commencing November 1, 2018 and expiring March 31, 2019. 

(d) From and after the Effective Date, CBC shall make the following volumes available to Boston Beer for brewing and packaging at the Latrobe
Brewery: (i) up to a maximum of 25,000 barrels per month in brewing capacity for beer (lagers and ales) and flavored alcoholic beverages (neutral malt base (NMB) and sugar base (GFB)); (ii) up to a maximum of 1,033,333 cases (75,000 barrels)
per month in packaged capacity for non-sleek can Products; and (iii) up to a maximum of 1,102,222 cases (80,000 barrels) per month of packaged capacity for Products through Line 12, across all Products.
Attached as Exhibit 3(d) is an example of a monthly Boston Beer production order applying the foregoing parameters. 
 (e) From and after the
Completion Date, CBC may, at its sole option, fulfill some or all of its obligations hereunder at the LaCrosse Brewery or at the Memphis Brewery, except as provided in paragraph (d) above, and provided, further, however, that the first
1,000,000 cases (72,580 barrels) of 24—12 ounce sleek can Products in any calendar month will be provided at the Latrobe Brewery and/or the Memphis Brewery. 

(f) Notwithstanding anything to the contrary, if CBC is unable, by reason of a labor dispute, governmental action, act of God or the like, to
perform its obligations under the Agreement, as amended, at the facility or facilities identified, it shall be entitled to fulfill its commitment at one of its affiliated facilities. 

(g) If sleek can production is provided through the Memphis Brewery, Boston Beer shall have the ability to access the Memphis Brewery’s
variety packing line for up to a maximum of 150,000 cases (10,887 barrels) of 4 flavor 2/12 pack sleek can Products per calendar month, standard City Brewing variety pack pricing to apply. 

(h) Upon at least twelve (12) months written request from Boston Beer, CBC shall make capital improvements to the Latrobe Brewery as
mutually agreeable by the Parties, at Boston Beer’s reasonable cost and expense (including variable cost if applicable) to transform 12 oz sleek can production to an alternative can size and configuration to allow Boston Beer to utilize sleek
can capacity referenced in this Section. The Parties agree to work collaboratively to implement any changes pursuant to this Section as expeditiously as reasonably possible. 

  
 - 2 - 

 2. Fee and Manner of Payment. Section 4 of the Agreement is hereby deleted in its
entirety and replaced with the following: 
 4. Fee and Manner of Payment. 

(a) Boston Beer shall pay CBC a production fee (the “Fee”) for allowing the production of the Products, and for such other fees and
charges, as set forth in the Fee Schedule attached hereto as Exhibit B, as amended. The Fee for other packaging units not listed in Exhibit B shall be set by the Parties based on proportionate volume and packaging efficiencies relative to the units
described in said Exhibit. CBC shall be entitled to increase each Fee, effective as of January 1 in each year while the Agreement remains in effect (the “inflation adjustment”), with the first such increase pursuant to this Agreement
to be effective as of January 1, 2019, for some packaging units, at a rate equal to eighty-five percent (85%) of the increase in the Producer Price Index-Total Manufacturing Industries (OMFG) as published
by the United States Department of Commerce - Bureau of Labor Statistics in the preceding twelve (12) months. CBC shall provide Boston Beer an invoice for the Fee following packaging of the Products.
Boston Beer shall pay such invoice within 15 days by electronic funds transfer. 
 (b) The Fee Schedule reflects pack fee pricing for the
Products. The Fee does not include Federal excise taxes, any CBC supplied ingredients and packaging materials consumed in connection with CBC’s performance of this Agreement, all of which shall be separately invoiced to and payable by Boston
Beer in accordance with City Brewing’s current pricing matrix as referenced in its letter to Boston Beer dated December 5, 2017, with the exception of pallet stretch wrap and pallet tier sheet charges for Products produced at the Latrobe
Brewery, which are included in the Fee through December 31, 2018, provided that such excepted items will be invoiced as additional charges to Boston Beer and will be reflected on the 2019 Pricing Letter to be provided by CBC to Boston Beer
prior to January 1, 2019, and updated annually thereafter. Any additional production inquiries will be priced in accordance with the annual Pricing Letters, with all ingredient and packaging items listed in the Raw Material and Packaging
columns therein. 
 3. Term. Section 5 of the Agreement, as amended by the First Amendment, is hereby deleted in its entirety and replaced
with the following: 
 5. Term. 

(a) The term of the Agreement shall expire on December 31, 2021. 

(b) Notwithstanding paragraph (a) above, Boston Beer may, at its sole option, extend the term of this Agreement up to four
(4) additional times, each extension for an additional term of one (1) year, upon written notice given to CBC at least three (3) months prior to the expiration of the then current term (the “Boston Notice of Extension”),
provided that in order for Boston Beer to exercise any such one-year extension, it shall pay to CBC the sum of One Million Dollars ($1,000,000.00), in immediately available funds, which extension fee shall
accompany the Boston Notice of Extension. 
 (c) Notwithstanding anything to the contrary, CBC shall have the option, exercisable in its sole
discretion, to terminate the Agreement effective as of the originally scheduled termination date of December 31, 2021, upon written notice given to Boston Beer not later than September 30, 2019 (the “City Notice of Termination”),
provided that in order for CBC to exercise such termination, it shall pay to Boston Beer the sum of Four Million Dollars ($4,000,000.00), in 

  
 - 3 - 

 
immediately available funds, which termination fee shall accompany the City Notice of Termination. Delivery of the City Notice of Termination shall void and cancel Boston Beer’s extension
rights under paragraph (b) of Section 5 of this Agreement. CBC’s obligation to pay a termination fee hereunder is conditioned upon CBC having received $8,000,000 from Boston Beer under Section 1 of this Amendment. 

(d) The Parties acknowledge that either Party’s obligations pursuant to this Agreement to make payments to the other Party and the
Parties’ respective obligations under Sections 4, 5, 27 and 31, and CBC’s obligations under Sections 14, 15 and 25 shall survive the termination of this Agreement. 

4. Brewery of Record. Section 10 of the Agreement is hereby modified to reflect the following additional provisions agreed by the Parties:

 10. Brewery of Record. 

(c) Upon Boston Beer’s sixty (60) day written request, CBC agrees that it shall be the brewer of record or host brewery for all
Twisted Tea Hard Iced Tea and Angry Orchard Hard Cider Products produced by CBC for Boston Beer hereunder. 
 (d) Each Product produced by
CBC as brewer of record shall be produced in accordance with a formula and subject to specifications furnished by Boston Beer. Each formula and associated specifications shall be subject to approval by CBC. CBC’s approval of Boston Beer’s
formula is limited to CBC’s ability to properly and efficiently produce and package the Product and is in no way to be construed that CBC has participated in the formulation nor made any representations or investigations as to its development.
Notwithstanding CBC’s approval, Boston Beer shall be exclusively responsible for the formula and specifications used for each Product produced under CBC’s license including, but not limited to consumer acceptance thereof and compliance
with federal, state and local law (statutory or common law) governing the composition of food and beverage products. Boston Beer shall furnish, or cause to be furnished, to CBC Certificates of Analysis for all Ingredients at time of delivery and CBC
shall be entitled to rely on the accuracy of such Certificates of Analysis for all purposes. 
 (e) Boston Beer warrants to CBC as follows:
(i) Boston Beer owns the formula used in production of each Product. The formula and the Product derived from proper application of the formula will not violate the laws and regulations of any government having jurisdiction over the Product or
injure or illegally infringe upon the rights of any other person; (ii) Each Product produced with raw materials supplied or specified by Boston Beer and combined pursuant to Boston Beer’s formulation(s) shall be free from adulteration as
defined by the United States Food, Drug, and Cosmetics Act; (iii) Boston Beer owns the Intellectual Property applied to the Products and he Intellectual Property will not violate the laws and regulations of any government having jurisdiction
over the Packages or injure or illegally infringe upon the rights of any other person; (iv) the Product label conforms to all applicable Federal and State laws and regulations and is not otherwise false, deceptive or misleading; and
(v) Boston Beer is solely responsible for the compatibility of the Product to its packaging material and for obtaining warranties from suppliers with thereto; Boston Beer shall extend such warranties to CBC. Boston Beer shall promptly notify
CBC of any event or occurrence which may result in a breach of any of the foregoing express warranties. Boston Beer shall indemnify, defend and hold CBC harmless from any and all liabilities and claims (including attorney fees and costs) arising out
of or relating to a breach of any of the foregoing express warranties. 
 (f) Boston Beer retains all rights to the Intellectual Property
and all goodwill accruing as a result of any production Products by CBC as brewer of record. 

  
 - 4 - 

 5. Storage. Section 11 of the Agreement, as amended by the First Amendment, is hereby
deleted in its entirety and replaced with the following: 
 11. Storage. The Fee shall include storage of reasonable quantities of
packaged Products up to a maximum of 250,000 cases, 5,000 kegs and 7,600 bbls of neutral malt base (NMB)/sugar base (GFB) at the Latrobe Brewery for the first ninety (90) days. City Brewing also agrees to commit to provide storage capacity for
Boston Beer at its Memphis Brewery of up to a maximum of 250,000 cases of Products; provided that Boston Beer shall pay standard warehouse fees to use such storage capacity after the first thirty (30) days. City Brewing also agrees to offer
warehouse storage of Products at the La Crosse Brewery, subject to standard warehouse fees. 
 6. Electronic Data Interchange. CBC and Boston
Beer will work together to develop a mutually agreeable Electronic Data Interchange (EDI) plan compatible with CBC’s current electronic data (ED) platform and at no additional expense to CBC, for the purpose of establishing electronic
communication between Boston Beer and CBC on the following data points: raw materials, packaging material, finished goods inventory, outbound orders, and outbound shipments.

7. Exhibits and Schedules. Exhibits A, B and C to the Agreement are hereby updated, amended and superseded in their entirety by the Exhibits A, B
and C attached to this Amendment, together with attached schedules reflecting warehouse storage and handling fees, each of which is incorporated into the Agreement hereby. 

8. Agency. CBC and Boston Beer understand and agree that neither Party is, by virtue of this Agreement or anything contained herein, including
CBC affixing to any Product and/or registering the name of “The Boston Beer Company,” “Boston Beer Company,” “Twisted Tea Brewing Company”, “Angry Orchard Cider Company LLC”, or “Hard Seltzer Beverage
Company LLC” constituted or appointed the agent of the other Party for any purpose whatsoever, nor shall anything herein contained be deemed or construed as granting Boston Beer or CBC any right or authority to assume or to create any
obligation or responsibility, express or implied, for or on behalf of or in the name of the other, or to bind the other in any manner or way whatsoever. 

9. Successors and Assigns. The Agreement, as amended, shall be binding upon and inure to the benefit of the Parties and their respective
successors and assigns. 
 10. Execution in Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be
deemed to be an original but all of which together shall constitute one and the same document. 
 11. Amendments. No amendment, change, or
modification of any of the terms, provisions or conditions of this Amendment shall be effective unless made in writing and signed or initialed on behalf of the parties hereto by their duly authorized representatives. 

12. Merger; Separability. This Amendment terminates and supersedes all prior formal or informal understandings among the Parties with respect to
the subject matter contained herein. Should any provision or provisions of this Amendment be deemed ineffective or void for any reason whatsoever, such provision or provisions shall be deemed separable and shall not affect the validity of any other
provision. 

  
 - 5 - 

 13. Confidentiality. The Parties agree that, except as they shall otherwise mutually determine
from time to time, the terms of this Amendment and any notices given hereunder or other communications with respect to the substance of the relationship between them shall be maintained in confidence; provided that each Party shall be permitted to
make such disclosures of confidential information to such courts and other public or governmental agencies as their counsel shall deem necessary to maintain compliance with and to prevent violation of applicable federal or state laws. 

14. Notices. All notices required herein shall be given by certified mail, return receipt requested, or by overnight courier service, to the
following addresses (unless change thereof—has previously been given to the party giving notice) and shall be deemed effective when received: 

If to Boston Beer: 
 David A.
Burwick, President and CEO 
 Boston Beer Corporation 

One Design Center Place, Suite 850 

Boston, MA 02210 
 with a copy
to: 
 Legal Department 

Boston Beer Corporation 
 One
Design Center Place, Suite 850 
 Boston, MA 02210 

If to CBC or City Brewing: 

Ross Sannes, Vice President of Business Development/Operations 

CBC Latrobe Acquisition, LLC 

925 South Third Street 
 La
Crosse, WI 54601 
 With a copy to: 

Andrew R. Bosshard, Esq. 

Bosshard Parke Ltd. 
 750 Third
Street North, Suite A 
 La Crosse, WI 54601 

With a copy to: 
 Gregory Inda,
CFO 
 City Brewing Company, LLC 

925 South Third Street 
 La
Crosse, WI 54601 

  
 - 6 - 

 15. Interpretation. Except as set forth herein, the Agreement remains unmodified and in full
force and effect. In the event of any inconsistency between the provisions of the Agreement and this Amendment, the terms of this Amendment shall control. 

[SIGNATURE PAGE FOLLOWS] 

  
 - 7 - 

 IN WITNESS WHEREOF, CBC and Boston Beer have executed this Agreement as of the date first above written.

  

			
	CBC LATROBE ACQUISITION, LLC
		
	By:	 	 /s/ George Parke III

		 	George Parke III, President/CEO
	
	
AMERICAN CRAFT BREWERY LLC,  successor-in-interest

to BOSTON BEER CORPORATION

		
	By:	 	 /s/ David A. Burwick

		 	David A. Burwick, President and CEO

 City Brewing enters into this Amendment solely for purposes of reaffirming the guaranty set forth in
Section 33 of the Agreement. 
  

			
	CITY BREWING COMPANY, LLC, Guarantor
		
	By:	 	 /s/ George Parke III

		 	George Parke III, President/CEO

  
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 Exhibits 

[ATTACH EXHIBIT A (Products), EXHIBIT B (Boston Beer Pricing and Warehouse Storage and Handling Fees), and EXHIBIT C (Schedule of Trademarks)]

 [ATTACH EXHIBIT 3(d) – Example of a Monthly BBC Production Order] 

  
 - 9 - 

 Exhibit A 

Products 

Beer 
 Samuel Adams Boston
Lager® 
 Sam Adams Light®

 Samuel Adams® Cold Snap 

Samuel Adams® Summer Ale 

Samuel Adams® OctoberFest 

Samuel Adams® Winter Lager 

FMB 
 Twisted Tea® 
 Twisted Tea® Raspberry 

Twisted Tea® Peach 

Twisted Tea® Half Hard Iced Tea and Half Hard Lemonade 

Twisted Tea® Light 

Hard Seltzer 
 Truly
Spiked & Sparkling® Colima Lime 
 Truly Spiked & Sparkling® Wild Berry 
 Truly Spiked & Sparkling® Grapefruit & Pomelo 
 Truly Spiked & Sparkling® Sicilian Blood Orange 
 Truly Spiked & Sparkling® Raspberry Lime 
 Truly Spiked & Sparkling® Acai & Blueberry 
 Truly Spiked & Sparkling® Pomegranate 
 Truly Spiked & Sparkling® Lemon & Yuzu 
 Cider 

Angry Orchard® Crisp Apple 

Angry Orchard® Rose 

and any substitutions therefor and such other alcoholic beverages as may be requested by Boston Beer from time to time and subject to approval by CBC, which
approval will not be unreasonably withheld. 

  
 - 10 - 

 EXHIBIT B 

Packaged Units 

 

							
	 Boston Beer Pricing - Latrobe
	  	2018 Pricing	 
	 G2412
	  	24 pack glass loose	  	$	 1.64	 
	 G241246
	  	6 pack glass	  	$	 1.64	 
	 G2412212
	  	12 pack glass 2/12 tray	  	$	 1.71	 
	 K1.2
	  	half barrel	  	$	 8.84	 
	 K1.4
	  	quarter barrel	  	$	 7.26	 
	 K1.6
	  	sixth barrel	  	$	 6.63	 
	 C2412212r
	  	12oz 12 pack fiber wrap can (FMB)	  	$	 1.67	 
	 C1224r
	  	24oz 12 pack can (FMB)	  	$	 1.86	 
	 C241646r
	  	16oz 24 pack hi-cone can (FMB)	  	$	 1.73	 
	 C1812r
	  	12oz 18 pack can (FMB)	  	$	 1.60	 
	 C241246wr
	  	12oz 6 pack can fiber wrap (FMB)	  	$	 2.08	 
	 C241246r
	  	12oz 6 pack can (hi-cone) (FMB)	  	$	 1.91	 
	 G241246
	  	Twisted Tea 6 pack glass	  	$	 1.43	 
	 G2412212
	  	Twisted Tea 12 pack glass	  	$	 1.46	 
	 C241646r
	  	16oz 24 pack hi-cone can (cider)	  	$	 1.90	 
	 C2412212r
	  	12oz 12 pack can fiber wrap (cider)	  	$	 1.80	 
	 G2412212r
	  	12oz 12 pack glass 2/12 tray (cider)	  	$	 2.04	 
	 G241246r
	  	12oz 6 pack glass (cider)	  	$	 2.04	 
			
	 	  	 	  	2019 Pricing	 
	 C2412sr
	  	12oz sleek can loose	  	$	 2.00	 
	 C241246srw
	  	12oz sleek can 6pk fiber	  	$	 2.18	 
		
	 Boston Beer Pricing - Memphis
	  	2018 Pricing	 
	 C2412sr
	  	12oz sleek can loose	  	$	 2.13	 
	 C241246srw
	  	12oz sleek can 6pk fiber	  	$	 2.31	 
	 Variety Pack
	  	12oz sleek can 2/12pk 4 Flavor	  	$	 1.23	 

							
	 Boston Beer Pricing - La Crosse
	  	2018 Pricing	 
	 C241246
	  	6 pack cans fiber wrap	  	$	 1.82	 
	 C2412212
	  	12 pack cans fiber wrap	  	$	 1.82	 
	 G2412
	  	24 pack glass loose	  	$	 2.12	 
	 G241246
	  	6 pack glass	  	$	 2.12	 
	 G2412212
	  	 12 pack glass 2/12 tray

    (including $.10 royalty)
	  	$	 2.20	 
	 K1.2
	  	half barrel	  	$	 12.33	 
	 K1.6
	  	sixth barrel	  	$	 7.46	 
	 C1224
	  	12 pack cans, 24oz	  	$	 2.03	 
	 C2412sr
	  	12oz sleek can loose	  	$	 2.13	 
	 C241246srw
	  	12oz sleek can 6pk fiber	  	$	 2.31	 

  

	*	 All pricing subject to annual PPI adjustments     

 

	*	 Pricing Matrix is pack fee only.      

 

	*	 All Federal and State Taxes are the responsibility of BBC     

 

	*	 All Packaging Materials supplied by CBC are the responsibility to be paid by BBC 

 

	*	 All Ingredients supplied by CBC are the responsibility to be paid by BBC

 

  
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 EXHIBIT B 

Latrobe Warehouse Storage & Handling Fees 

All Fees Invoiced at Month End Unless Otherwise Noted 
  

																																																																											
	 	  	First
Month
Storage
Charge	 	  	+31
days	 	  	+61
days	 	  	+91
days	 	  	In / Out
Handling
Fee	 	  	Truck
Cross
Dock
Charge
for Inter
Plant
Transfer	 	  	Truck
Cross
Dock
Charge
per Pallet -
non City
Production	 	  	Special
Handling &
Storage
Charge per
Pallet per
Day	 	  	Cans Full
Good
Destruction
Fee / case	 	  	Glass Full
Good
Destruction
Fee / case	 	  	Keg Full
Good
Destruction
Fee / keg	 	  	Liquid
Destruction
Fee / bbl *	 	  	No
Show
Charge	 	  	Multi
Stop
Fee	 	  	Dunnage
Air Bag	 	  	Dunnage
Filler
Pad	 	  	Case
Pallet
Deposit	 	  	Keg
Pallet
Deposit	 	  	 Other

	 Boston Beer
	  	$	 —  	 	  	$	 —  	 	  	$	 —  	 	  	$	 7.50	 	  	$	 3.50	 	  	$	 6.00	 	  	$	 —  	 	  	$	 0.322580	 	  	$	 2.50	 	  	$	 2.50	 	  	$	 5.00	 	  	$	 7.50	 	  				  				  	$	 20.00	 	  	$	 8.00	 	  				  				  	250,000 cases 5000 kegs max storage
		  				  				  				  				  				  				  				  				  				  				  				  				  				  				  				  				  				  				  	7600 bbls of bulk NMB/GFB max storage

  
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 EXHIBIT B 

La Crosse Warehouse Storage & Handling Fees 

All Fees Invoiced at Month End Unless Otherwise Noted 
  

																																																																											
	 	  	First
Month
Storage
Charge	 	  	+31
days	 	  	+61
days	 	  	+91
days	 	  	Plant to
DC In/
Out
Handling
Fee	 	  	Bonsack
Transfer
from
Plant to
DC	 	  	Bonsack
Transfer
from
Plant to
82	 	  	Truck
Cross
Dock
Charge
per
Pallet -
Inter
Plant
Transfer	 	  	Truck
Cross
Dock
Charge
per Pallet -
Non City
Production	 	  	Rail
Car
Loading
Fee /
Rail
Car	 	  	Cans Full
Good
Destruction
Fee / case	 	  	Glass Full
Good
Destruction
Fee / case	 	  	Keg Full
Destruction
Fee/Keg	 	  	Liquid
Destruction
Fee / bbl *	 	  	No
Show
Charge	 	  	Multi
Stop
Fee	 	  	Dunnage
Air Bag	 	  	Dunnage
Filler
Pad	 	  	 Other

	 Boston Beer
	  	$	 4.25	 	  	$	 5.00	 	  	$	 7.00	 	  	$	 10.00	 	  	$	 —  	 	  	$	 75.00	 	  	$	 —  	 	  	$	 2.50	 	  	$	 5.00	 	  				  	$	 1.00	 	  	$	 2.50	 	  	$	 5.00	 	  	$	 7.50	 	  	$	 150.00	 	  	$	 50.00	 	  	$	 20.00	 	  	$	 7.05	 	  	

  
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 EXHIBIT B 

Memphis Warehouse Storage & Handling Fees 

All Fees Invoiced at Month End Unless Otherwise Noted 
  

																																																																											
	 	  	First
Month
Storage
Charge	 	  	+31
Days	 	  	+61
Days	 	  	+91
Days	 	  	Monthly
Storage
Rate for
Non City
Production	 	  	Speial
Handling
Fee	 	  	Truck
Cross
Dock
Charge
for Inter
Plant
Transfer	 	  	Truck
Cross
Dock
Charge
per Pallet -
non City
Production	 	  	Rail
Dock
Charge
per Rail
Shipment
*	 	  	Monthly
cooler
warehouse
fee	 	  	Cans Full
Good
Destruction
Fee per
Case	 	  	Glass Full
Good
Destruction
Fee per
Case	 	  	Kegs Full
Good
Destruction
Fee per
Keg	 	  	Liquid
Destruction
Fee / Bbl
****	 	  	No
Show
Charge	 	  	Multi
Stop
Fees	 	  	Dunnage—Air
Bags	 	  	Dunnage—Filler
Pads	 	  	 Other

	 Boston Beer Company
	  	$	 —  	 	  	$	 5.00	 	  	$	 7.00	 	  	$	 10.00	 	  	$	 10.00	 	  				  				  	$	 5.50	 	  				  				  	$	 1.75	 	  	$	 2.50	 	  				  	$	 7.50	 	  	$	 150.00	 	  	$	 50.00	 	  	$	 20.00	 	  	$	 8.00	 	  	250,000 Cases Max Storage

  
 - 14 - 

 Exhibit C 

Schedule of Trademarks 
  

							
	 Trademark
	  	Registration No.	 	  	 Date of Issuance

	 Sam Adams ®
	  	 	1,987,061	 	  	July 16, 1996
	 Sam Adams ® (Stylized)
	  	 	2,054,509	 	  	April 22, 1997
	 Samuel Adams ®
	  	 	1,987,062	 	  	July 16, 1996
	 Samuel Adams Portrait Logo
	  	 	2,402,492	 	  	November 7, 2000
	 Samuel Adams Shield Logo
	  	 	5,376,175	 	  	January 9, 2018
	 Samuel Adams Boston Lager ®
	  	 	1,522,026	 	  	January 24, 1989
	 Sam Adams Light ®
	  	 	2,597,646	 	  	July 23, 2002
	 Twisted Tea ®
	  	 	2,574,263	 	  	May 28, 2002
	 Twisted Tea Brewing Company ®
	  	 	4,268,704	 	  	January 1, 2013
	 Twisted Tea Sun Logo
	  	 	3,205,325	 	  	February 6, 2007
	 Angry Orchard ®
	  	 	4,111,177	 	  	March 13, 2012
	 Angry Orchard Tree Logo
	  	 	4,194,734	 	  	August 21, 2012
	 Truly Spiked & Sparkling
®
	  	 	5,210,329	 	  	May 23, 2017

  
 - 15 - 

 Section 3 (d) Attachment 

Example of a Monthly Boston Beer Production Order 

Actual Order for Latrobe Brewery from Boston Beer 

 

							
	Package	  	Cases	  	Bbls	  	Production Line
		  	  
	  	  
	  	  

	 Twisted Tea 24/12oz standard Can 2/12pk w/tray
	  	 551,111
	  	40,000	  	L12
	 Twisted Tea 12/24oz Can LP tray w/shrink
	  	 482,222
	  	35,000	  	L24
	 Truly 24/12oz Sleek LP tray w/shrink
	  	 1,102,222
	  	80,000	  	L12
	 Truly 24/12oz Sleek 4/6pk w/tray
	  	 275,556
	  	20,000	  	L12
		  	  
	  	  
	  	
	 Total Example of a Monthly Order
	  	 2,411,111
	  	175,000	  	

 Acceptable Scheduling by CBC     

 

									
	Latrobe	  	Package	  	Cases	  	Bbls	  	Production Line
		  		  	  
	  	  
	  	  

		  	 Twisted Tea 24/12oz standard Can 2/12pk w/tray
	  	 551,111
	  	40,000	  	L12
		  	 Twisted Tea 12/24oz Can LP tray w/shrink
	  	 482,222
	  	35,000	  	L24
		  	 Truly 24/12oz Sleek LP tray w/shrink
	  	 275,556
	  	20,000	  	L12
		  	 Truly 24/12oz Sleek 4/6pk w/tray
	  	 275,556
	  	20,000	  	L12
		  		  	  
	  	  
	  	
	 	  	 	  	1,584,444	  	115,000	  	 
		  	
* Total L12 Scheduled for the month (at 80,000 bbl max)
	  	 80,000
	  		  	
					
	Memphis	  	Package	  	Cases	  	Bbls	  	Production Line
		  		  	  
	  	  
	  	  

		  	 Truly 24/12oz Sleek LP tray w/shrink
	  	 620,000
	  	45,000	  	C2/C3
					
	La Crosse	  	Package	  	Cases	  	Bbls	  	Production Line
		  		  	  
	  	  
	  	  

		  	 Truly 24/12oz Sleek LP tray w/shrink
	  	 206,667
	  	15,000	  	L5

  
 - 16 -dvn-ex1010_985.htm

EXHIBIT 10.10

Amendment 2018-1
to the
Devon Energy Corporation
Non-Qualified Deferred COMPENSATION Plan

The Devon Energy Corporation Non-Qualified Deferred Compensation Plan (the "Plan") is irrevocably amended as follows:

1.Article X of the Plan ("Amendment and Termination") is amended to add a new Section 10.2 to the end thereof to read as follows:

"10.2Termination of Plan for EnLink Participants.  On July 18, 2018, the Company consummated the sale of its ownership interests in EnLink Midstream Partners, LP and EnLink Midstream, LLC described in the Purchase Agreement, dated June 5, 2018, by and among Devon Gas Services, L.P. And Southwestern Gas Pipeline, L.L.C., as Sellers, Enlink Midstream Manager, LLC, Devon Energy Corporation, And GIP III Stetson I, L.P. And GIP III Stetson II, L.P., as Acquirors (the "EnLink Sale"), which constituted a change in control event within the meaning of Treasury Regulation §1.409A-3(i)(5).  Accordingly, in connection with the consummation of the EnLink Sale the portion of the Plan consisting of the Accounts of the Participants who were employed by a company that experienced a change in control event upon the EnLink Sale (the "Affected Participants") is irrevocably terminated and liquidated in accordance with Treasury Regulation §1.409A-3(j)(4)(ix)(B), and all accrued and unpaid benefits payable to the Affected Participants under the Plan shall be distributed to Affected Participants in a single lump sum payment in accordance with Treasury Regulation §1.409A-3(j)(4)(ix)(B)."

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

 

1

 

IN WITNESS WHEREOF, Devon Energy Corporation (acting through its authorized delegate) has caused this Amendment 2018-1 to the Plan to be executed this 21st day of August, 2018.

DEVON ENERGY CORPORATION

 

	
By:
	
 
	
/s/ Tana K. Cashion

	
Name:
	
 
	
Tana K. Cashion

	
Title:
	
 
	
Senior Vice President, Human Resources

 

[Signature Page to Amendment 2018-1 to the Devon Energy Non-Qualified Deferred Compensation Plan]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}]]