Document:

Unassociated Document

    Exhibit 10.101

     

    SIXTH AMENDMENT TO
CONVERTIBLE PROMISSORY NOTE

    MENDOCINO BREWING COMPANY,
INC.

     

    This
Sixth Amendment to Convertible Promissory Note (this "Amendment") is effective
as of June 30, 2010 by and between United Breweries of America, Inc.,
a Delaware corporation ("Holder") and Mendocino Brewing Company,
Inc., a California corporation (the "Company").

     

    RECITALS

     

    A.           The
Company issued a convertible promissory note (the "Note") to Holder in the
principal amount of Four Hundred Thousand Dollars ($400,000) dated March 2,
2005.

     

    B.           The
Holder and the Company entered into the First Amendment to Convertible
Promissory Note effective August 31, 2006 as amended by the Second
Amendment to Convertible Promissory Note effective December 31, 2006, the Third
Amendment to Convertible Promissory Note effective June 30, 2007, the Fourth
Amendment to Convertible Promissory Note effective June 30, 2008 and the Fifth
Amendment to Convertible Promissory Note effective June 30, 2009, which provide
that the term of the Note made by the Company in favor of Holder was extended
until June 30, 2010.

     

    C.           Subject
to the terms and conditions of this Amendment, the parties now wish to further
extend the term of the Note.

     

    NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which is hereby agreed, the parties agree as follows:

     

    1.           Extension of
Term.  The first sentence of Paragraph 1 of the Note is hereby
amended and restated to read as follows:

     

    "Mendocino
Brewing Company, Inc., a California corporation having its principal office at
1601 Airport Road, Ukiah, California 95482 and any successor (the "Company"),
for value received, promises to pay to United Breweries of America, Inc., a
Delaware corporation or to its registered successors or assigns (the "Holder")
the principal sum of Four Hundred Thousand Dollars ($400,000.00) on presentation
and surrender of this Convertible Note ("Note") on June 30, 2011 (the "Maturity
Date"), and to pay interest on that principal sum at a rate equal to the lesser
of (i) one and one-half percent (1.5%) per annum above the prime rate
offered from time to time by the Bank of America in San Francisco, California,
or (ii) ten percent (10%)."

     

    2.           Governing
Law.  This Amendment shall be governed by and construed in
accordance with the laws of the State of California, without regard to the
conflicts of laws principles of that or any other jurisdiction.

     

    3.           Counterparts.  This
Amendment may be executed in one or more counterparts, each of which shall be
deemed an original, and all taken together shall constitute one and the same
instrument.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    4.           Miscellaneous.  This
Amendment contains all of the agreements, conditions, promises and covenants
between the parties with respect to the subject matter hereof and supersedes all
prior or contemporaneous agreements, representations or understandings with
respect to the subject matter hereof.  In the event of any conflict
between the terms of the Note and this Amendment, the terms of this Amendment
shall govern. Except as set forth in this Amendment, the terms of the Note shall
remain in full force and effect.  This Amendment may not be amended,
modified, altered or otherwise changed in any respect except by written
agreement signed by authorized representatives on behalf of Borrower and
Holder.  If any one or more of the provisions contained in this
Amendment shall be invalid, illegal or unenforceable in any respect, the
validity, legality or enforceability of the remaining provisions contained
herein shall not in any way be affected or impaired.

     

    [signature
page to follow]

     

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    IN
WITNESS WHEREOF, duly authorized representatives of each of the parties hereto
have executed and delivered this Amendment, to be effective as of the Effective
Date first stated above.

    
       

      
        	
                

                  Borrower:

                  

                  MENDOCINO
      BREWING COMPANY, INC.

                  a
      California corporation

                

                 

                 

                By:      /s/ N. Mahadevan

                 

                Name:   N.
      Mahadevan

                 

                Title:     Chief
      Financial Officer and Secretary

                 

              	
                

                  Holder:

                  

                  UNITED
      BREWERIES OF AMERICA, INC.

                  a
      Delaware corporation

                

                 

                 

                By:      /s/ Anil Pisharody

                 

                Name:
      Anil Pisharody

                 

                Title:

                 

              

      

      

      
        
          
          

        

        
          3Unassociated Document

    Exhibit
10.102

    Date
10.08.09

     

    PRIVATE &
CONFIDENTIAL

    
      	
              Name: 

            	
              Mr
      Damon Swarbrick

            

    

    Edinburgh

     

    Dear Mr
Swarbrick

     

    Further
to our recent discussions, I am delighted to offer you the position of Chief
Executive Officer - UBSN, reporting to the undersigned, subject to the following
terms and conditions:

     

    
      	
              1.

            	
              The
      position will be based from Faversham- Kent-UK.  The Company
      reserves the right to relocate your place of work based on any business
      decisions.

            

    

     

    
      	
              2.

            	
              Your
      salary will be at the rate of £90000 (Ninety Thousand pounds) per annum,
      paid monthly in arrears by direct transfer to a bank account of your
      choice.

            

    

     

    Your
salary will be reviewed annually on 1st January with the first review in
2011.

     

    
      	
              3.

            	
              Commencement
      date:  To be on or before 9th Nov
  2009.

            

    

     

    
      	
              4.

            	
              Normal
      hours of work will be a 37.5 hour week.  However, this position
      entails work outwith normal office hours and duties at weekends from time
      to time.  Such additional hours will be covered by your
      salary.

            

    

     

    
      	
              5.

            	
              Paid
      holiday entitlement will be at the rate of 25 days per calendar year
      accruing each year pro rata for each completed month of service, plus
      local statutory and public holidays.  Should your employment
      terminate deductions from salary shall be made in respect of holiday taken
      in excess of the pro-rata entitlements at the date of
      termination.

            

    

     

    
      	
              6.

            	
              Sickness
      absence will be 5 days per annum and any additional sick leave will be at
      Directors' discretion.

            

    

     

    
      	
              7.

            	
              Our
      car policy allows you the option of taking a cash payment of £10000 (Ten
      Thousand pounds) per annum in lieu of a car, paid monthly in arrears by
      direct transfer to a bank account of your
  choice.

            

    

     

    
      	
              8.

            	
              We
      will require to receive two satisfactory references, one of which should
      be from your current employer.  Please forward details to my
      office.

            

    

     

    
      	
              9.

            	
              We
      will require to receive a satisfactory medical report from your
      doctor.  The form should then be returned to my office, together
      with a note of the doctor's fee.

            

    

     

    
      	
              10.

            	
              You
      will be eligible to become a member of a private medical treatment
      scheme.  The cost of your personal subscription upto £600 (Six
      hundred Pounds) per annum will be borne by the
  Company.

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
              11.

            	
              The
      Company operates a contributory Pension Scheme which you are eligible to
      join.  The scheme provides for 5% of your personal contribution
      and 7% of Company contribution.

            

    

     

    Should
you elect not to join the Scheme, then you must complete an Election Form which
is obtainable from the Human Resources Department.

     

    
      	
              12.

            	
              You
      will be eligible to participate in the Bonus Scheme which will be upto 25%
      of basic salary linked to the attainment of personal targets set for the
      financial year.

            

    

     

    
      	
              13.

            	
              You
      will be eligible for a relocation expenses of £30000 (Thirty thousand
      pounds) subject to the following:

            

    

    "Should
your employment be terminated within two years of commencement for whatever
reason, the above relocation expenses which will be reimbursed or paid direct by
the Company, will be repayable by you to the Company on termination of your
employment on the basis of one twenty-fourth of these expenses for each month
short of the said two year period."

     

    
      	
              14.

            	
              Employment
      may be terminated by the Company giving 6 months notice in writing; the
      period of notice required from yourself by the Company is 6
      months.

            

    

     

    
      	
              15.

            	
              Without
      prejudice to the rights of you to receive remuneration and other benefits
      under your contract of employment, and without prejudice to the other
      rights of the Company, the Company shall have a right at any time after
      either party has given notice to the other of termination until such
      termination, to require you not to attend any place of work and to exclude
      you from any premises of the Company (or of any Group Company) at such
      times as the Company, in its absolute and unfettered discretion, may
      determine and the Company shall be under no obligation to vest in or
      assign to you any powers or duties or to provide any work for you and
      shall have the right to suspend you (in whole or in part) from the
      performance of any duties or obligations
  hereunder.

            

    

     

    
      	
              16.

            	
              You
      must maintain the Company's confidentiality and not utilise for your own
      purpose or disclose to any person (except as may be necessary in the
      ordinary course of your duties) any information relating to the Company,
      its subsidiaries or associates, its business or affairs, its customers or
      its suppliers, its finances or any of its trade
  secrets.

            

    

     

    
      	
              17.

            	
              Restrictive
      Covenants

            

    

     

    
      	
            	
              17.1.

            	
              Undertaking

            

    

    You will
not during the period of 6 months following the termination of your employment
hereunder either on your own account or for any other person, firm or company
and in competition with the Company directly or indirectly carry on or be
engaged in or concerned with any business which competes with the business of
the Company or any Group Company existing as at the date of termination of your
employment hereunder and with which you shall have been directly or indirectly
concerned PROVIDED THAT nothing contained in this clause shall preclude you from
holding at any time any shares or loan capital (not exceeding one per centum of
the shares or loan capital of the class concerned for the time being in issue)
in any company whose shares are listed or dealt in on a recognised Stock
Exchange.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
            	
              17.2.

            	
              Non-solicitation

            

    

    You,
during the period of 6 months following the termination of your employment
hereunder shall not either on your own account or for any person, firm or
company directly or indirectly solicit or interfere with or endeavour to entice
away from the Company or any Group Company the custom of or provide goods or
services of any description to any person, firm or company who or which at the
date of termination as aforesaid or who or which in the period of 12 months
immediately prior to such date was a customer or client of or in the habit of
dealing with the Company or any Group Company or endeavour to prevent any such
person, firm or company from continuing so to deal.

     

    
      	
            	
              17.3.

            	
              Non-enticement

            

    

    You,
during the period of 6 months following the termination of your employment
hereunder shall not either on your own account or for any other person firm or
company solicit the services of or endeavour to entice away from the Company or
any Group Company any director, senior employee or consultant of the Company or
any Group Company (whether or not such person would commit any breach of his
contract of employment or engagement by reason of leaving the service of such
company) nor shall you knowingly employ or aid or assist in or procure the
employment by any other person firm or company of any such person

     

    
      	
            	
              17.4.

            	
              Severability

            

    

    It is
hereby declared that each of the restrictions contained in Clauses 17.1, 17.2
and 17.3 above is a separate restriction and each is considered reasonable by
the parties.  Notwithstanding this, if a court of competent
jurisdiction shall determine that any of such restrictions is void because of
unreasonableness, the parties agree to accept such modification as to the area,
extent or duration of the restriction concerned as the Court may see fit to
impose as a condition of validating the restriction

     

    
      	
              18.

            	
              In
      the event that your position is terminated due to redundancy you would be
      given 6 months notice or salary in lieu
thereof.

            

    

     

    
      	
              19.

            	
              In
      order that we may comply with the Asylum and Immigration Act 1996, please
      provide us with one of the following document(s), to confirm your
      eligibility to work in the UK.

            

    

     

    Either

    
      	
               
      

            	
              ·

            	
              A
      passport or document showing that you have the right to abode in the
      United Kingdom

            

    

    Or

    Two of
the following documents:

    
      	
               
      

            	
              ·

            	
              A
      document detailing your National Insurance Number and name, such as a P45,
      P60, National Insurance card or letter from a Government
      agency.

            

    

    AND

    
      	
               
      

            	
              ·

            	
              A
      full birth certificate issued in the UK, or a certificate of
      naturalisation, or a letter issued by the Home Office indicating no time
      limit on your stay.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    Should
you be unable to provide us with any of the above documents please contact the
HR Department for a list of alternative documents which may be
provided.  Any documents you supply to us will be returned to
you.

     

    We look
forward to your acceptance of this challenging role and the knowledge and
experience you will bring to the Company.

     

    Should
you wish to have further discussion on any points with regard to your terms of
employment, please feel free to contact me.

     

    Yours
sincerely

     

    

     

    K
Ganguly

     

    Director

     

     

    I accept
the appointment as detailed in the letter to me of 10.08.09, of which this is a
copy, and agree to the terms and conditions therein.

     

    
      
        
          
            
              
                	
                        Signed:

                      	 	 	
                        Date:

                      	 
      	 

              

            

          

        

      

    

    

     

    

     

    

     

    

     

    
      
        
        

      

      
        4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]