EQUIPMENT LEASE

Equipment Lease Agreement

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This Equipment Lease Agreement involves

PYRAMID BREWERIES INC | PBC ACQUISITION, LLC | PORTLAND BREWING CO.

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Title: EQUIPMENT LEASE
Date: 3/31/2006
Industry: BEVALC

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                                                                   Exhibit 10.27

                                 EQUIPMENT LEASE

     This Equipment Lease is dated effective as of August 1, 2004, and is
between PBC ACQUISITION, LLC., a Delaware limited liability company ("Lessor")
and PORTLAND BREWING

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