MBC HOLDING CO
EX-10.5
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<TYPE>EX-10.5
<SEQUENCE>7
<FILENAME>j1429_ex10d5.htm
<DESCRIPTION>EX-10.5
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<title>Prepared by MerrillDirect</title>
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<p align=right><font size=2>Exhibit
10.5</font></p>

<p><font size=2>[Pursuant to Rule 24b-2, certain
information has been deleted and filed separately with the Commission.]</font></p>

<p align=center><b><font size=2>AMENDMENT TO<br>
CONTRACT MANUFACTURING SUPPLY AGREEMENT</font></b></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; THIS
AMENDMENT (&#147;Amendment&#148;) to CONTRACT MANUFACTURING SUPPLY AGREEMENT dated September
22, 1999 (&#147;Supply Agreement&#148;), is made effective as of the 22<sup>nd</sup> day
of May, 2001 by and between MBC Holding Company, (f/k/a/ Minnesota Brewing
Company), a Minnesota corporation, with its principal executive offices located
at 882 West Seventh Street, Saint Paul, Minnesota 55102 (&quot;Supplier&quot;)
and Mark Anthony Brewing, Inc., with its principal executive offices located at
143 Union Blvd, Suite 850, Lakewood Colorado 80228&nbsp; (&#147;Buyer&#148; or &#147;Mark Anthony&#148;).</font></p>

<p align=center><font size=2>WITNESSETH:</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHEREAS,
Buyer, as successor to Mark Anthony International SRL, under the Supply
Agreement, has retained Supplier to manufacture, blend, produce, process,
bottle, label, package, store and load &quot;Mike's Hard Lemonade&quot; (the
&quot;Beverage&quot;) at its facilities and Supplier has agreed to manufacture
the Beverage upon the terms and conditions set out in the Supply Agreement;</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHEREAS,
Buyer has requested that Supplier purchase and install certain equipment and
make certain improvements in its bottling operations in Saint Paul, Minnesota
(the &#147;2001 Bottling Line&#148;) to increase production under the Supply Agreement;</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHEREAS,
Supplier has agreed to acquire the 2001 Bottling Line and has entered into an
Amended and Restated General Credit and Security Agreement dated as of&nbsp; March 29, 2001 (the &#147;Credit Agreement&#148;) with
Bremer Business Finance Corporation, a Minnesota corporation (&#147;Bremer&#148;) to
finance the 2001 Bottling Line;</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHEREAS,
Bremer has requested as additional collateral under the Credit Agreement that
Mark Anthony cause The Bank of Nova Scotia, a Canadian bank, to issue on Mark
Anthony&#146;s behalf in favor of Bremer a Letter of Credit in the amount of
$[Confidential Treatment Requested] (&#147;Letter of Credit&#148;);</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHEREAS,
Mark Anthony has agreed to provide the Letter of Credit pursuant to the terms
of a Financial Assistance and Indemnity Agreement dated as of May 22, 2001
(&quot;Financial Assistance Agreement&quot;) and this Amendment;</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHEREAS,
Bremer and Mark Anthony are parties to that certain Amended and Restated
Intercreditor Agreement dated as of May 22, 2001 (the &#147;Intercreditor
Agreement&#148;) with Stearns Bank, National Association, a United States national
banking association;</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WHEREAS,
capitalized terms used herein and not otherwise defined herein shall have the
meanings ascribed to them in the Supply Agreement.<page></font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NOW,
THEREFORE, in consideration of the foregoing and the covenants and agreements
of the parties contained herein, the parties agree as follows:</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.&nbsp; <u>Priority.</u>&nbsp;&nbsp; Supplier hereby agrees that, during the terms of the Supply
Agreement, it will establish scheduling priority on the 2001 Bottling Line to
production of Beverages pursuant to the Supply Agreement over all
non-proprietary labels.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.&nbsp; <u>Limitation on Production of Competing
Products</u>. <b>[Confidential Treatment
Requested]</b></font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.&nbsp; <u>Price Adjustments</u>.&nbsp; <b>[Confidential
Treatment Requested]</b></font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.&nbsp; <u>Right of Set-Off.</u></font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subject
to any limitation on Mark Anthony&#146;s right of set-off agreed to by the parties
under the Intercreditor Agreement, in the event Supplier owes any amount to
Buyer or its affiliates under the terms of the Financial Assistance Agreement,
Buyer shall have the right to set-off against all amounts invoiced from time to
time under the Supply Agreement an amount equal to the number of cases invoiced
multiplied by <b>[Confidential Treatment
Requested]</b>&nbsp; multiplied by the
current balance owed by Supplier to Buyer or its affiliates under the Financial
Assistance Agreement divided by <b>[Confidential
Treatment Requested]</b>. The set-off provided for in this provision
shall apply to the net amount invoiced after any adjustments to the price per
case required by Section 3 or otherwise in this Amendment have been
applied.&nbsp; Any set-off taken by Buyer
under this shall reduce the amount owed by Supplier under the Financial
Assistance Agreement and shall be applied first to unpaid accrued interest and
second to reduction of the principle balance owed.&nbsp; Any amount invoiced and set forth in this manner shall remain an
obligation of Buyer, however, subject to normal payment terms.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.&nbsp; <u>Survival of Agreement</u>. The right of
set-off set forth in Section 4 shall be in addition to all other rights that
Buyer has under the Supply Agreement and the election of the right of set-off
shall not limit any other rights or remedies of Buyer under the Supply
Agreement.&nbsp; All provisions of the
Agreement not expressly modified by this Amendment will remain in full force
and effect.</font></p>

<p><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IN
WITNESS WHEREOF, the parties have duly executed this Amendment on the date
first above written.</font></p>

<table border=0 cellspacing=0 cellpadding=0 width="37%">
 <tr>
  <td width="100%" colspan=2 valign=top><font size=2>MBC
  HOLDING COMPANY, INC.</font></td>
 </tr>
 <tr>
  <td width="100%" colspan=2 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top><font size=2>By:
  </font></td>
  <td width="91%" valign=top><font size=2>/s/
  Charles M. Woodside</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td width="91%" valign=top>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td width="91%" valign=top><font size=2>Chief
  Financial Officer</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td width="91%" valign=top>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="100%" colspan=2 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="100%" colspan=2 valign=top><font size=2>MARK
  ANTHONY BREWING, INC.</font></td>
 </tr>
 <tr>
  <td width="100%" colspan=2 valign=top>&nbsp;</td>
 </tr>
 <tr>
  <td width="8%" valign=top><font size=2>By:</font></td>
  <td width="91%" valign=top><font size=2>/s/
  Duncan Johnston</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td width="91%" valign=top>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td width="91%" valign=top><font size=2>Treasurer</font></td>
 </tr>
 <tr>
  <td width="8%" valign=top>&nbsp;</td>
  <td width="91%" valign=top>
<hr size=1 width="100%" noshade color=black align=right></td>
 </tr>
</table>

<p><font size=2>&nbsp;</font></p>

<p><font size=2>&nbsp;</font></p>

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