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<p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&#160;As filed with the Securities and Exchange Commission
on December 22, 2010</font></p>

<p align=right style="margin:0in;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Registration No. 333&#8209;______</font></p>

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<p style="border:none;margin:0in;margin-bottom:6.0pt;padding:0in;text-align:justify;"><font style="height:22px;left:-87px;position:relative;top:11px;width:11px;z-index:1;"><img height=11 src="x0x0.jpg" width=11></font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;line-height:6.0pt;">&nbsp;</font></p>

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<font lang=EN-US><br clear=ALL>

</font><p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:15.0pt;">UNITED STATES</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:15.0pt;">SECURITIES AND EXCHANGE COMMISSION</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Washington, D.C. 20549</font></p>

<p align=center style="margin:0in;margin-bottom:6.0pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:15.0pt;">_____________</font></p>

<p align=center style="margin:0in;margin-bottom:6.0pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:15.0pt;">FORM S-8</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF
1933</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;margin-top:6.0pt;text-align:center;"><b><font face="Times New Roman Bold" lang=EN-US style="font-size:15.0pt;">CRAFT BREWERS
ALLIANCE, INC.</font></b></p>

<p align=center style="margin-bottom:12.0pt;margin-left:0in;margin-right:0in;margin-top:0in;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(Exact name of registrant as specified in its charter)</font></p>

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<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:711.549988pt;">
 <tr style="page-break-inside:avoid;">
  <td valign=top width=34% style="padding:0in .25in 0in .25in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">Washington</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(State or Other Jurisdiction of</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">Incorporation or Organization)</font></p>
  </td>
 <td valign=top width=33% style="padding:0in .25in 0in .25in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">929 North Russell Street</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">Portland, OR 97227-1733</font></p>
  <p align=center style="margin:0in;margin-bottom:6.0pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(Address
  of registrant&#8217;s principal
  executive offices)</font></p>
  </td>
 <td valign=top width=33% style="padding:0in .25in 0in .25in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:11.0pt;">&#160;<br>
  91-1141254</font></p>
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">(I.R.S. Employer Identification No.)</font></p>
  </td>
 </tr>
</table>

</div>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">___________________________________</font></sup></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Craft Brewers Alliance, Inc.<br>
2010 Stock Incentive Plan</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(Full title of the plan)</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><sup><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">___________________________________</font></sup></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Terry E. Michaelson</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Chief Executive Officer</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Craft Brewers Alliance,
Inc.</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">929 North Russell Street</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Portland, OR 97227-1733</font><font face="Times New Roman" lang=EN-US style="font-size:12.0pt;"><br>
</font><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(503) 331-7270</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">&#160;(Name, address, including zip code, and telephone
number,</font></p>

<p align=center style="margin:0in;margin-bottom:3.0pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">including area code, of agent for service)</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman Bold" lang=EN-US style="font-size:9.0pt;">with a copy to:</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman Bold" lang=EN-US style="font-size:11.0pt;">Mary Ann Frantz</font></b></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Miller Nash LLP</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">111 SW Fifth Avenue, Suite 3400</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">Portland, OR 97204-3614</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">(503) 205-2552</font></p>

<p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0in;margin-bottom:.0001pt;"><font face=Times lang=EN-US style="font-size:10.0pt;">Indicate by
check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the
definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller
reporting company&#8221; in Rule&nbsp;12b-2 of the Exchange Act. </font></p>

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<table cellpadding=0 cellspacing=0 border=0 style="margin-left:22.5pt;width:95.5%;">
 <tr>
  <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Times style="font-size:10.0pt;">Large
  accelerated filer </font><font face=Wingdings style="font-size:10.0pt;">o</font><font face=Times style="font-size:10.0pt;"> </font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Times style="font-size:10.0pt;">&#160;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Times style="font-size:10.0pt;">&nbsp;Accelerated
  filer </font><font face=Wingdings style="font-size:10.0pt;">o</font></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Times style="font-size:10.0pt;">Non-accelerated
  filer </font><font face=Wingdings style="font-size:10.0pt;">o </font><font face="Times New Roman" style="font-size:10.0pt;">(Do not check if a smaller reporting company)</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Times style="font-size:10.0pt;">Smaller
  reporting company </font><font face=Wingdings style="font-size:10.0pt;">&#254;</font></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td valign=top width=72% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top width=1% style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="padding:0in 0in 0in 0in;">
  <p style="margin:0in;margin-bottom:.0001pt;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 <td valign=top style="padding:0in 0in 0in 0in;">
  <p align=center style="margin:0in;margin-bottom:.0001pt;text-align:center;"><font face=Times style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

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<p align=center style="margin:0in;margin-bottom:6.0pt;text-align:center;"><b><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">CALCULATION OF REGISTRATION FEE</font></b></p>

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<table cellpadding=0 cellspacing=0 border=0 style="border:none;border-collapse:collapse;margin-left:0pt;width:561.000000pt;">
 <tr style="height:28.95pt;page-break-inside:avoid;">
  <td valign=top width=25% style="border-bottom:solid windowtext;border-left:double windowtext;border-right:solid windowtext;border-top:double windowtext;border-width:1.0pt;height:28.95pt;padding:0in 6.0pt 0in 6.0pt;">
  <p style="margin:0in;margin-bottom:2.7pt;margin-left:0in;margin-right:0in;margin-top:4.5pt;"><font face="Times New Roman" style="font-size:9.0pt;">Title of Securities to
  Be Registered</font></p>
  </td>
 <td valign=top width=15% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:double windowtext 2pt;height:28.95pt;padding:0in 6.0pt 0in 6.0pt;">
  <p style="margin:0in;margin-bottom:2.7pt;margin-left:0in;margin-right:0in;margin-top:4.5pt;"><font face="Times New Roman" style="font-size:9.0pt;">Amount to be Registered</font></p>
  </td>
 <td valign=top width=19% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:double windowtext 2pt;height:28.95pt;padding:0in 6.0pt 0in 6.0pt;">
  <p style="margin:0in;margin-bottom:2.7pt;margin-left:0in;margin-right:0in;margin-top:4.5pt;"><font face="Times New Roman" style="font-size:9.0pt;">Proposed Maximum
  Offering Price (2)</font></p>
  </td>
 <td valign=top width=24% style="border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;border-top:double windowtext 2pt;height:28.95pt;padding:0in 6.0pt 0in 6.0pt;">
  <p style="margin:0in;margin-bottom:2.7pt;margin-left:0in;margin-right:0in;margin-top:4.5pt;"><font face="Times New Roman" style="font-size:9.0pt;">Proposed Maximum
  Aggregate Offering Price (2)</font></p>
  </td>
 <td valign=top width=17% style="border-bottom:solid windowtext 1.0pt;border-right:double windowtext 2pt;border-top:double windowtext 2pt;height:28.95pt;padding:0in 6.0pt 0in 6.0pt;">
  <p style="margin:0in;margin-bottom:.0001pt;margin-top:4.5pt;"><font face="Times New Roman" style="font-size:9.0pt;">Amount
  of </font></p>
  <p style="margin:0in;margin-bottom:2.7pt;"><font face="Times New Roman" style="font-size:9.0pt;">Registration
  Fee</font></p>
  </td>
 </tr>
<tr style="page-break-inside:avoid;">
  <td valign=top width=25% style="border-bottom:double windowtext 2pt;border-left:double windowtext 2pt;border-right:solid windowtext 1.0pt;padding:0in 6.0pt 0in 6.0pt;">
  <p style="margin:0in;margin-bottom:1.5pt;margin-left:0in;margin-right:0in;margin-top:3.0pt;"><font face="Times New Roman" style="font-size:9.0pt;">Common Stock, par value
  $0.005, and options and other rights related thereto (1)</font></p>
  </td>
 <td valign=bottom width=15% style="border-bottom:double windowtext 2pt;border-right:solid windowtext 1.0pt;padding:0in 6.0pt 0in 6.0pt;">
  <p align=center style="margin:0in;margin-bottom:1.5pt;margin-left:0in;margin-right:0in;margin-top:3.0pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">750,000 shares</font></p>
  </td>
 <td valign=bottom width=19% style="border-bottom:double windowtext 2pt;border-right:solid windowtext 1.0pt;padding:0in 6.0pt 0in 6.0pt;">
  <p align=center style="margin:0in;margin-bottom:1.5pt;margin-left:0in;margin-right:0in;margin-top:3.0pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">$7.495</font></p>
  </td>
 <td valign=bottom width=24% style="border-bottom:double windowtext 2pt;border-right:solid windowtext 1.0pt;padding:0in 6.0pt 0in 6.0pt;">
  <p align=center style="margin:0in;margin-bottom:1.5pt;margin-left:0in;margin-right:0in;margin-top:3.0pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">$5,621,250</font></p>
  </td>
 <td valign=bottom width=17% style="border-bottom:double windowtext 2pt;border-right:double windowtext 2pt;padding:0in 6.0pt 0in 6.0pt;">
  <p align=center style="margin:0in;margin-bottom:1.5pt;margin-left:0in;margin-right:0in;margin-top:3.0pt;text-align:center;"><font face="Times New Roman" style="font-size:9.0pt;">$401</font></p>
  </td>
 </tr>
</table>

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<p style="margin-bottom:6.0pt;margin-left:13.7pt;margin-right:0in;margin-top:6.0pt;text-align:justify;text-indent:-13.7pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(1) Pursuant
to Rule 416 under the Securities Act of 1933, this Registration Statement also
covers an indeterminate number of shares of Common Stock that may become
issuable under the 2010 Stock Incentive Plan (the &#8220;Plan&#8221;) as a result of any
future stock split, stock dividend or similar adjustment of the outstanding
Common Stock.</font></p>

<p style="margin-bottom:6.0pt;margin-left:13.7pt;margin-right:0in;margin-top:6.0pt;text-align:justify;text-indent:-13.7pt;"><font face="Times New Roman" lang=EN-US style="font-size:9.0pt;">(2) For
purposes of calculating the registration fee pursuant to Rules&nbsp;457(c) and
457(h), the proposed maximum aggregate&#160; offering price is based on an offering
price of $7.495 per share (the average of the high and low sale prices reported
by The Nasdaq Stock Market on December 20, 2010).</font></p>









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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">PART&nbsp;II</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Incorporation of Documents by Reference</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The following documents filed by the Registrant with the Securities and Exchange Commission (&#147;SEC&#148;) are incorporated in this Registration Statement by reference:</FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0.5in 11pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">1.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant&#146;s Annual Report on Form 10-K for the fiscal year ended December&nbsp;31, 2009 filed with the SEC on March&nbsp;29, 2010, pursuant to the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;); </FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0.5in 11pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">2.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant&#146;s Quarterly Report on Form 10-Q for the quarterly period ended March&nbsp;31, 2010, filed with the SEC on May&nbsp;14, 2010; </FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0.5in 11pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">3.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant&#146;s Quarterly Report on Form 10-Q for the quarterly period ended June&nbsp;30, 2010 filed with the SEC on August&nbsp;13, 2010; </FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0.5in 11pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">4.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant&#146;s Quarterly Report on Form 10-Q for the quarterly period ended September&nbsp;30, 2010 filed with the SEC on November&nbsp;15, 2010; </FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0.5in 11pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">5.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant&#146;s Current Report on Form 8-K dated May 26, 2010, filed with the SEC on June&nbsp;2, 2010; </FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0.5in 11pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">6.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant&#146;s Current Report on Form 8-K dated July 31, 2010, filed with the SEC on August&nbsp;3, 2010; </FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0.5in 11pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">7.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant&#146;s Current Report on Form 8-K dated September&nbsp;30, 2010, filed with the SEC on October&nbsp;6, 2010, as amended on December&nbsp;15, 2010; </FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0.5in 11pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">8.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant&#146;s Current Report on Form 8-K dated November 15, 2010, filed with the SEC on November&nbsp;19, 2010; </FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0.5in 11pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">9.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant&#146;s Current Report on Form 8-K dated December 1, 2010, filed with the SEC on December&nbsp;3, 2010; and</FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0.5in 11pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">10.</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The description of the Registrant&#146;s Common Stock contained in the Registration Statement on Form&nbsp;8-A under the Exchange Act, filed by the Registrant with the SEC on August&nbsp;1, 1995 (File No. 000-26542), including any amendment or reports filed for the purpose of updating that description.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">All documents filed by the Registrant with the SEC after the date of this Registration Statement pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the Exchange Act, before the filing of a post-effective amendment that indicates that all securities offered pursuant to this Registration Statement have been sold or that deregisters all securities then remaining unsold, shall also be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the respective dates of filing of such documents.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Any statement incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated&nbsp;by </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item&nbsp;4.&nbsp; Description of Securities</FONT></B></P>
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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Not applicable.</FONT></P>
<P style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item&nbsp;5.&nbsp; Interests of Named Experts and Counsel</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Mary Ann Frantz, a partner in Miller Nash LLP, legal counsel to the Registrant, serves as Secretary of the Registrant.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item&nbsp;6.&nbsp; Indemnification of Directors and Officers</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">The Amended and Restated Bylaws, as amended (&#147;Bylaws&#148;) and Restated Articles of Incorporation, as amended (the &#147;Articles&#148;) of Craft Brewers Alliance, Inc. (the &#147;Company&#148;) provide that the Company shall, to the full extent permitted by the Washington Business Corporation Act (the &#147;WBCA&#148;), as amended from time to time, indemnify all directors and officers of the Company. In addition, the Articles contain a provision eliminating the personal liability of directors to the Company or its shareholders for monetary damages arising out of a breach of fiduciary duty. Section 23B.08.510 and Section 23B.08.570 of the WBCA authorizes a corporation to indemnify its directors, officers, employees, or agents in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including provisions permitting advances for reasonable expenses incurred) arising under the Securities Act. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">Pursuant to Section 23B.08.580 of the WBCA, the Board of Directors (the &#147;Board&#148;) may authorize, by a vote of a majority of a quorum of the Board, the Company to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Company, or is or was serving at the request of the Company as a director, officer, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the Company would have the power to indemnify him against such liability under Section 23B.08.510 or Section 23B.08.520 of the WBCA. &nbsp;The Board has authorized the Company to purchase and maintain appropriate policies of insurance on behalf of the Company&#146;s directors and officers against liabilities asserted against any such person arising out of his or her status as such. &nbsp;The Board may authorize the Company to enter into a contract with any person who is or was a director, officer, partner, trustee, employee or agent of the Company or is or was serving at the request of the Company as a director, officer, employee or agent of another partnership, joint venture, trust, employee benefit plan or other enterprise providing for indemnification rights equivalent to or, if the Board so determines, greater than those provided for in the Bylaws.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item&nbsp;7.&nbsp; Exemption from Registration Claimed</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Not applicable.</FONT></P>
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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The following exhibits required by Item 601 of Regulation S-K are filed as part of this Registration Statement or incorporated by reference herein:</FONT></P>
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<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Articles IV and V of the Restated Articles of Incorporation, as amended July 1, 2008, of the Registrant.&nbsp; (Incorporated by reference to Exhibit 3.1 to the Registrant&#146;s Current Report on Form 8&#8209;K dated June 30, 2008, filed with the SEC on July 2, 2008)</FONT></P>
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<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Article I, Sections 2.3, 2.4 and 2.5, Article V, and Article XI of the Amended and Restated Bylaws of the Registrant dated July 1, 2008.&nbsp; (Incorporated by reference to Exhibit 3.2 to the Registrant&#146;s Current Report on Form 8&#8209;K dated June 30, 2008, filed with the SEC on July 2, 2008)</FONT></P>
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<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Item 9.&nbsp; Undertakings</FONT></B></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(a)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The undersigned Registrant hereby undertakes:</FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(1)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt 1in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt 1in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(ii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) that, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement; and</FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt 1in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 12pt 1in"><FONT style="FONT-SIZE: 11pt; FONT-WEIGHT: normal" lang=EN-US face="Times New Roman">provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in the post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.</FONT></P>
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<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(2)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering thereof.</FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt 0.5in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(3)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">To remove from registration by means of a post-effective amendment any of the securities being registered that remain unsold at the termination of the offering.</FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(b)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant&#146;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</FONT></P>
<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">(c)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">SIGNATURES</FONT></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">The Registrant. </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Pursuant to the requirements of the Securities Act of&nbsp;1933, the Registrant certifies that it has reasonable grounds to believe it meets all the requirements for filing on Form&nbsp;S&#8209;8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Portland, State of Oregon, on December 22, 2010.</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face="Times New Roman">CRAFT BREWERS ALLIANCE, INC.</FONT></B></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">By:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">/s/ Mark D. Moreland</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Mark D. Moreland</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Chief Financial Officer and Treasurer</FONT></P>
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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.5in; MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated as of the 22<SUP>nd</SUP> day of December, 2010.</FONT></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Signature</FONT></U></P>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Title</FONT></U></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">(1) Principal Executive Officer:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">* TERRY E. MICHAELSON</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Chief Executive Officer</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">(2) Principal Financial Officer:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">/s/ Mark D. Moreland</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Mark D. Moreland</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Chief Financial Officer and Treasurer</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">(3) Principal Accounting Officer:</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">*JOSEPH K. O'BRIEN</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Controller and Chief Accounting Officer</FONT></P>
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<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">(4) A majority of the Board of Directors:</FONT></P>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="48%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="48%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">*KURT R. WIDMER</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Chairman of the Board</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="48%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">*TIMOTHY P. BOYLE</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Director</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="48%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">*MARC J. CRAMER</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Director</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="48%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">*ANDREW R. GOELER</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Director</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="48%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">*KEVIN R. KELLY</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Director</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="48%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">*DAVID R. LORD</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Director</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="48%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">*JOHN D. ROGERS, JR.</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Director</FONT></P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="48%" colSpan=2>
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">*By:</FONT></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">/s/ Mark D. Moreland</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="9%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="39%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman">Mark D. Moreland<BR>
Attorney-in-fact</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="11%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" vAlign=top width="41%">
<P style="MARGIN: 0in 0in 0pt"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="TEXT-INDENT: 1in; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<a name="_bclFooter6"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">II-5</FONT></P>
</DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_7"></A>
<a name="_bclPageBorder7"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader7"></a><DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 24pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
</DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman">EXHIBIT INDEX</FONT></B></P>
<DIV align=left>
<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>
<TR style="PAGE-BREAK-INSIDE: avoid">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Exhibit</FONT></B></P>
<P style="MARGIN: 0in 0in 2.7pt"><B><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Number</FONT></B></P>
</TD>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="88%">
<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT></B>&nbsp;</P>
<P style="MARGIN: 0in 0in 2.7pt"><B><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Description</FONT></B></P>
</TD></TR>
<TR style="PAGE-BREAK-INSIDE: avoid">
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="88%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman"></FONT>&nbsp;</P>
</TD></TR>
<TR style="PAGE-BREAK-INSIDE: avoid">
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">4.1</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="88%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Articles IV and V of the Restated Articles of Incorporation, as amended July 1, 2008, of the Registrant.&nbsp; (Incorporated by reference to Exhibit&nbsp;3.1 to the Registrant&#146;s Current Report on Form 8&#8209;K dated June 30, 2008, filed with the SEC on July 2, 2008)</FONT></P>
</TD></TR>
<TR style="PAGE-BREAK-INSIDE: avoid">
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">4.2</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="88%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Article I, Sections 2.3, 2.4 and 2.5, Article V, and Article XI of the Amended and Restated Bylaws of the Registrant dated July 1, 2008.&nbsp; (Incorporated by reference to Exhibit 3.2 to the Registrant&#146;s Current Report on Form 8&#8209;K dated June 30, 2008, filed with the SEC on July 2, 2008)</FONT></P>
</TD></TR>
<TR style="PAGE-BREAK-INSIDE: avoid">
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">5</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="88%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Opinion of Miller Nash LLP as to the legality of the securities being registered</FONT></P>
</TD></TR>
<TR style="PAGE-BREAK-INSIDE: avoid">
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">23.1</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="88%">
<P style="TEXT-ALIGN: justify; MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Consent of Miller Nash LLP (included in Exhibit&nbsp;5)</FONT></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">23.2</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="88%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Consent of Moss Adams LLP, independent registered public accounting firm</FONT><B><FONT style="FONT-SIZE: 11pt" face="Times New Roman"> </FONT></B></P>
</TD></TR>
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     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">23.3</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="88%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Consent of Accuity LLP, independent registered public accounting firm</FONT><B><FONT style="FONT-SIZE: 11pt" face="Times New Roman"> </FONT></B></P>
</TD></TR>
<TR style="PAGE-BREAK-INSIDE: avoid">
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="12%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">24</FONT></P>
</TD>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top width="88%">
<P style="MARGIN: 4.5pt 0in 2.7pt"><FONT style="FONT-SIZE: 11pt" face="Times New Roman">Power of attorney </FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 3in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="Times New Roman"></FONT>&nbsp;</P>
<a name="_bclFooter7"></a><DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">II-6</FONT></P>
</DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

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{"company-data": {"conformed-name": "CRAFT BREWERS ALLIANCE, INC.", "cik": "0000892222", "assigned-sic": "2082", "irs-number": "911141254", "state-of-incorporation": "WA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-171372", "film-number": "101270232"}, "business-address": {"street1": "929 NORTH RUSSELL", "city": "PORTLAND", "state": "OR", "zip": "97227", "phone": "503-331-7270"}, "mail-address": {"street1": "929 NORTH RUSSELL", "city": "PORTLAND", "state": "OR", "zip": "97227"}, "former-company": [{"former-conformed-name": "REDHOOK ALE BREWERY, INC", "date-changed": "20080626"}, {"former-conformed-name": "REDHOOK ALE BREWERY INC", "date-changed": "19950703"}]}
cbais8-101222.htm - Generated by SEC Publisher for SEC Filing
As filed with the Securities and Exchange Commission
on December 22, 2010
Registration No. 333‑______
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_____________
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF
1933
CRAFT BREWERS
ALLIANCE, INC.
(Exact name of registrant as specified in its charter)
Washington
(State or Other Jurisdiction of
Incorporation or Organization)
929 North Russell Street
Portland, OR 97227-1733
(Address
  of registrant's principal
  executive offices)
91-1141254
(I.R.S. Employer Identification No.)
___________________________________
Craft Brewers Alliance, Inc.
2010 Stock Incentive Plan
(Full title of the plan)
___________________________________
Terry E. Michaelson
Chief Executive Officer
Craft Brewers Alliance,
Inc.
929 North Russell Street
Portland, OR 97227-1733
(503) 331-7270
(Name, address, including zip code, and telephone
number,
including area code, of agent for service)
with a copy to:
Mary Ann Frantz
Miller Nash LLP
111 SW Fifth Avenue, Suite 3400
Portland, OR 97204-3614
(503) 205-2552
Indicate by
check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the
definitions of "large accelerated filer," "accelerated filer" and "smaller
reporting company" in Rule 12b-2 of the Exchange Act.
Large
  accelerated filer
o
Accelerated
  filer
o
Non-accelerated
  filer
o
(Do not check if a smaller reporting company)
Smaller
  reporting company
þ
CALCULATION OF REGISTRATION FEE
Title of Securities to
  Be Registered
Amount to be Registered
Proposed Maximum
  Offering Price (2)
Proposed Maximum
  Aggregate Offering Price (2)
Amount
  of
Registration
  Fee
Common Stock, par value
  $0.005, and options and other rights related thereto (1)
750,000 shares
$7.495
$5,621,250
$401
(1) Pursuant
to Rule 416 under the Securities Act of 1933, this Registration Statement also
covers an indeterminate number of shares of Common Stock that may become
issuable under the 2010 Stock Incentive Plan (the "Plan") as a result of any
future stock split, stock dividend or similar adjustment of the outstanding
Common Stock.
(2) For
purposes of calculating the registration fee pursuant to Rules 457(c) and
457(h), the proposed maximum aggregate  offering price is based on an offering
price of $7.495 per share (the average of the high and low sale prices reported
by The Nasdaq Stock Market on December 20, 2010).
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.        Incorporation of Documents by Reference
The following documents filed by the Registrant with the Securities and Exchange Commission ("SEC") are incorporated in this Registration Statement by reference:
1.
The Registrant's Annual Report on Form 10-K for the fiscal year ended December 31, 2009 filed with the SEC on March 29, 2010, pursuant to the Securities Exchange Act of 1934, as amended (the "Exchange Act");
2.
The Registrant's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2010, filed with the SEC on May 14, 2010;
3.
The Registrant's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2010 filed with the SEC on August 13, 2010;
4.
The Registrant's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2010 filed with the SEC on November 15, 2010;
5.
The Registrant's Current Report on Form 8-K dated May 26, 2010, filed with the SEC on June 2, 2010;
6.
The Registrant's Current Report on Form 8-K dated July 31, 2010, filed with the SEC on August 3, 2010;
7.
The Registrant's Current Report on Form 8-K dated September 30, 2010, filed with the SEC on October 6, 2010, as amended on December 15, 2010;
8.
The Registrant's Current Report on Form 8-K dated November 15, 2010, filed with the SEC on November 19, 2010;
9.
The Registrant's Current Report on Form 8-K dated December 1, 2010, filed with the SEC on December 3, 2010; and
10.
The description of the Registrant's Common Stock contained in the Registration Statement on Form 8-A under the Exchange Act, filed by the Registrant with the SEC on August 1, 1995 (File No. 000-26542), including any amendment or reports filed for the purpose of updating that description.
All documents filed by the Registrant with the SEC after the date of this Registration Statement pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, before the filing of a post-effective amendment that indicates that all securities offered pursuant to this Registration Statement have been sold or that deregisters all securities then remaining unsold, shall also be deemed to be incorporated by reference in this Registration Statement and to be part hereof from the respective dates of filing of such documents.
Any statement incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document that also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
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Item 4.  Description of Securities
Not applicable.
Item 5.  Interests of Named Experts and Counsel
Mary Ann Frantz, a partner in Miller Nash LLP, legal counsel to the Registrant, serves as Secretary of the Registrant.
Item 6.  Indemnification of Directors and Officers
The Amended and Restated Bylaws, as amended ("Bylaws") and Restated Articles of Incorporation, as amended (the "Articles") of Craft Brewers Alliance, Inc. (the "Company") provide that the Company shall, to the full extent permitted by the Washington Business Corporation Act (the "WBCA"), as amended from time to time, indemnify all directors and officers of the Company. In addition, the Articles contain a provision eliminating the personal liability of directors to the Company or its shareholders for monetary damages arising out of a breach of fiduciary duty. Section 23B.08.510 and Section 23B.08.570 of the WBCA authorizes a corporation to indemnify its directors, officers, employees, or agents in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including provisions permitting advances for reasonable expenses incurred) arising under the Securities Act.
Pursuant to Section 23B.08.580 of the WBCA, the Board of Directors (the "Board") may authorize, by a vote of a majority of a quorum of the Board, the Company to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the Company, or is or was serving at the request of the Company as a director, officer, partner, trustee, employee or agent of another corporation, partnership, joint venture, trust, employee benefit plan or other enterprise against any liability asserted against him and incurred by him in any such capacity, or arising out of his status as such, whether or not the Company would have the power to indemnify him against such liability under Section 23B.08.510 or Section 23B.08.520 of the WBCA.  The Board has authorized the Company to purchase and maintain appropriate policies of insurance on behalf of the Company's directors and officers against liabilities asserted against any such person arising out of his or her status as such.  The Board may authorize the Company to enter into a contract with any person who is or was a director, officer, partner, trustee, employee or agent of the Company or is or was serving at the request of the Company as a director, officer, employee or agent of another partnership, joint venture, trust, employee benefit plan or other enterprise providing for indemnification rights equivalent to or, if the Board so determines, greater than those provided for in the Bylaws.
Item 7.  Exemption from Registration Claimed
Not applicable.
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Item 8.  Exhibits
The following exhibits required by Item 601 of Regulation S-K are filed as part of this Registration Statement or incorporated by reference herein:
Exhibit
Number
Description
4.1
Articles IV and V of the Restated Articles of Incorporation, as amended July 1, 2008, of the Registrant.  (Incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8‑K dated June 30, 2008, filed with the SEC on July 2, 2008)
4.2
Article I, Sections 2.3, 2.4 and 2.5, Article V, and Article XI of the Amended and Restated Bylaws of the Registrant dated July 1, 2008.  (Incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8‑K dated June 30, 2008, filed with the SEC on July 2, 2008)
5
Opinion of Miller Nash LLP as to the legality of the securities being registered
23.1
Consent of Miller Nash LLP (included in Exhibit 5)
23.2
Consent of Moss Adams LLP, independent registered public accounting firm
23.3
Consent of Accuity LLP, independent registered public accounting firm
24
Power of attorney
Item 9.  Undertakings
(a)
The undersigned Registrant hereby undertakes:
(1)
To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)
To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)
To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) that, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement; and
(iii)
To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;
provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in the post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.
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(2)
That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)
To remove from registration by means of a post-effective amendment any of the securities being registered that remain unsold at the termination of the offering.
(b)
The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)
Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933 and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act of 1933 and will be governed by the final adjudication of such issue.
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SIGNATURES
The Registrant.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe it meets all the requirements for filing on Form S‑8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Portland, State of Oregon, on December 22, 2010.
CRAFT BREWERS ALLIANCE, INC.
By:
/s/ Mark D. Moreland
Mark D. Moreland
Chief Financial Officer and Treasurer
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities indicated as of the 22
nd
day of December, 2010.
Signature
Title
(1) Principal Executive Officer:
* TERRY E. MICHAELSON
Chief Executive Officer
(2) Principal Financial Officer:
/s/ Mark D. Moreland
Mark D. Moreland
Chief Financial Officer and Treasurer
(3) Principal Accounting Officer:
*JOSEPH K. O'BRIEN
Controller and Chief Accounting Officer
(4) A majority of the Board of Directors:
*KURT R. WIDMER
Chairman of the Board
*TIMOTHY P. BOYLE
Director
*MARC J. CRAMER
Director
*ANDREW R. GOELER
Director
*KEVIN R. KELLY
Director
*DAVID R. LORD
Director
*JOHN D. ROGERS, JR.
Director
*By:
/s/ Mark D. Moreland
Mark D. Moreland
Attorney-in-fact
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EXHIBIT INDEX
Exhibit
Number
Description
4.1
Articles IV and V of the Restated Articles of Incorporation, as amended July 1, 2008, of the Registrant.  (Incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8‑K dated June 30, 2008, filed with the SEC on July 2, 2008)
4.2
Article I, Sections 2.3, 2.4 and 2.5, Article V, and Article XI of the Amended and Restated Bylaws of the Registrant dated July 1, 2008.  (Incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8‑K dated June 30, 2008, filed with the SEC on July 2, 2008)
5
Opinion of Miller Nash LLP as to the legality of the securities being registered
23.1
Consent of Miller Nash LLP (included in Exhibit 5)
23.2
Consent of Moss Adams LLP, independent registered public accounting firm
23.3
Consent of Accuity LLP, independent registered public accounting firm
24
Power of attorney
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