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[Logo] Anheuser-Busch Inc.
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Exhibit 10.62
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March 1, 2007
Mr. Rodney C. Sacks
Chairman and Chief Executive Officer
Hansen Beverage Company
1010 Railroad Street
Corona, CA 92882
LETTER AGREEMENT
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Re:
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Amended and Restated Allied Products Distribution
Coordination Agreement signed on August 10, 2006 and deemed
effective May 8, 2006 (the "Allied Products Coordination
Agreement") between Hansen Beverage Company ("Hansen") and
Anheuser-Busch, Incorporated ("AB")
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Dear Mr. Sacks:
This Letter Agreement is intended to evidence
Hansen's and AB's mutual agreement to amend and clarify certain
terms of the Allied Products Coordination Agreement.
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1.
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The following is added as Section 27 to the Allied
Products Coordination Agreement:
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27.1.
Hansen records that as of September 30, 2006 it
maintained the following types and amounts of insurance ("Current
Insurance"):
A.)
Commercial General Liability insurance with Product Liability
coverage for the sale of products in an amount of $1,000,000 each
occurrence and $2,000,000 in the aggregate.
B.)
Umbrella Liability insurance which provides excess coverage to
the insurance outlined in A above in an amount of $20,000,000 each
occurrence and $40,000,000 in the aggregate.
27.2.
Hansen agrees that during the term of this Agreement
it will use reasonable commercial efforts to maintain in effect
policies of insurance with reasonably comparable terms and benefits
to the Current Insurance provided, however, that Hansen is able to
procure and maintain such insurance at comparable cost and
premiums, and on terms and with benefits that are comparable to the
Current Insurance. Notwithstanding the foregoing and in addition
thereto, Hansen shall be entitled to alter the types and/or terms
and/or reduce the benefits of the insurance to such levels as
Hansen reasonably determines are commercially reasonable or
appropriate in the circumstances and which may include, without
limitation, a drop in Hansen sales levels or a change in financial
conditions but to no less Product Liability insurance coverage
than
Mr. Rodney C. Sacks
Hansen Beverage Company
March 1, 2007
Page 2
$10,000,000 each occurrence and $20,000,000 in the
aggregate (