AMENDMENT TO CREDIT AGREEMENT
THIS AMENDMENT TO CREDIT AGREEMENT (this “ Amendment ”) dated as of June 14, 2010 by
and among THE BOSTON BEER COMPANY, INC. and BOSTON BEER CORPORATION (together,
the “ Borrowers ” and each individually, a “ Borrower ”); and BANK OF AMERICA, N.A., a national banking
association, successor-by-merger to Fleet National Bank (the “ Bank ”).
A. The Bank and the Borrowers are parties to that certain Second Amended and Restated Credit Agreement
dated as of July 1, 2002, as modified by letter agreements dated as of August 4, 2004, December 30, 2005, an
Amendment to Credit Agreement dated as of February 27, 2007 and an Amendment to Credit Agreement dated
as of March 10, 2008 (as modified, the “ Credit Agreement ”). Capitalized terms used herein without definition
have the meanings assigned to them in the Credit Agreement.
B. The Borrowers have requested an extension to the Expiration Date of the Credit Agreement and the Bank
is willing to extend the Expiration Date, subject to the terms and conditions set forth herein.
NOW, THEREFORE , in consideration of the premises and the mutual agreements herein contained, the
parties hereto hereby agree as follows:
1. Amendment to Credit Agreement .
A. Extension of Expiration Date . Section 1.1 of the Credit Agreement is amended so that the “Expiration
Date”, as defined therein, shall be March 31, 2015.
B. No Other Amendments . Except as expressly amended hereby, the Credit Agreement and any loan
documents relating thereto shall remain otherwise unmodified and continue in full force and effect in accordance
with the provisions thereof as of the date hereof.
2. Certain Representations of the Borrower . As a material inducement to the Bank to enter into this
Amendment, the Borrower hereby represents and warrants to the Bank (which representations and warranties shall
survive the delivery of this Amendment), after giving effect to this Amendment, as follows:
A. The execution and delivery of this