1 LEASE AMENDMENT NO. 3
PREMISES 2501 Monarch St, Suite 200, Alameda, CA 94501, consisting of approximately 32,500 square feet
LANDLORD: CITY OF ALAMEDA, a charter city and municipal corporation
TENANT: FACTION BREWING COMPANY, LLC, a
California limited liability company
LEASE DATE: April 17, 2018 for reference purposes only
This Amendment No. 3 to the Lease ( "Amendment"), is dated as of ________________, 2026 for reference purposes only, and is entered into by and between the CITY OF ALAMEDA, a charter city and municipal corporation ("Landlord"), and FACTION BREWING COMPANY, LLC, a California limited liability company ("Tenant").
NOW, THEREFORE, in consideration of the foregoing, which are incorporated herein by reference, and of their mutual covenants contained herein, the parties hereby agree as follows:
1. Background.
A. Landlord and Tenant entered into that certain Lease Agreement dated April 17, 2018, for reference purposes only (the “Lease”), with a commencement date of May 1, 2018 (“Commencement Date”), for certain premises described therein and referred to as 2501 Monarch St, Suite 200, Alameda, CA 94501, consisting of approximately 32,500 square feet ("Premises").
B. The Term of the Lease is ten (10) years, beginning on the Commencement Date and is set to expire on April 30, 20 28. The Lease includes two (2) conditional Tenant options to extend the Term of the Lease (the "Renewal Option") for ten (10) years each (the "Renewal Term").
C. Landlord and Tenant entered into that certain First Amendment to the Lease dated December 15, 2020, for reference purposes only, as part of the Alameda City Council approved Covid -19 rent relief program for commercial tenants of City - owned property located on Spirit’s Alley and non-profit organizations, to which all Tenant obligations were met.
D. Landlord and Tenant entered into that certain Second Amendment to the Lease dated April 2, 2024, for reference purposes only, deferring three (3) months of Base Rent (“Deferred Base Rent”) with a 12-month repayment schedule (“Deferred Rent Repayment Schedule”). Tenant has not repaid the total Deferred Base Rent within the time period defined by the Deferred Rent Repayment Schedule and Tenant has requested Landlord’s consideration of this Third Amendment to address Tenant’s deficiency.
Docusign Envelope ID: 37F8B382-E41C-8108-80A7-EDB1BC6EDD0C Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE Exhibit 1
1 2
E. Landlord and Tenant desire to enter into a Third Amendment to the Lease, on the same terms and conditions set forth in the Lease , as amended, except to the extent modified in this Third Amendment. Capitalized terms used in this Third Amendment, without definition, shall have the same meaning given to such terms in the Lease. This Third Amendment shall be effective upon the last date set forth below the parties' signatures.
2. Term. The Term of the Lease is hereby modified and extended by three (3) years commencing on May 1, 2018, and terminating on April 30, 2031.
3. Option to Renew.
A. Section 3.3 (a) Renewal Options of the Lease is hereby modified, and Tenant shall have only one (1) Renewal Option to extend the Lease (“Renewal Term”) for two (2) years. If all conditions in the Lease are met and the Renewal Option exercised by Tenant, the Lease Renewal Term would expire April 30, 2033.
4. Rent Deferral. Second Amendment to Lease, Section 2 shall be modified as follows:
4.1 of the Lease regarding Tenant’s payment of Base Rent shall be modified as described below:
“(a)Tenant’s obligation to pay Base Rent, as described in Section 4.1 of the Lease, shall remain in effect. Tenant is in arrears and has an outstanding balance of $222,035.83 comprised of U npaid Base Rent and assessed late fees. The period during which Tenant shall repay shall commence on August 1, 2026, and end on April 30, 2031 (“Repayment Period”). During each one (1) month period the Tenant shall repay no less than $3,762.84 (“Minimum Repayment Obligation”) in addition to their base Monthly Rent until outstanding balance is paid in full.” “DEFERRED RENT REPAYMENT SCHEDULE” Table stricken.
5. Exterior Improvement Credit Below S ection 4.1 (b) of the Lease shall be added the following:
“(c) At Tenant’s sole obligation, Tenant may design, obtain all required approvals and permits and install a shade structure and improved signage. A one-time credit equal to $11,317.06, will be issued upon City staff confirmation of installation.
6. The following Section 5.3 shall be added to the Lease.
Transportation Demand Management Fee and Benefits. To implement the Alameda Point Environmental Impact Report as ratified by the City Council in 2014, and the Alameda Transportation Demand Management Plan as approved by the City Council in 2014, Tenant shall pay a Transportation Demand Management Fee (“TDM Fee”) each City Fiscal Year (running July 1 to June 30) in the amounts as follows for the Term of the Lease. Tenant shall submit payment in two installments, one due October 31 and the second due April 30, based on the following formula:
Docusign Envelope ID: 37F8B382-E41C-8108-80A7-EDB1BC6EDD0C Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE 2 3
• FY 2026-7: $0.23 per square foot, or $7,475.00 annually for 32,500 square feet • Amounts shall escalate annually effective July 1 by 5% each year If the lease term does not end on June 30, Tenant shall pay the TDM Fee amounts for the Term of the Lease by dividing the annual amount by twelve in order to calculate the monthly amount owed. Changes to the square footage shall result in a recalculation using the square foot rate, multiplied by the amount of occupied building square feet.
Subject to Tenant’s payment of the TDM fee, Tenant and its employees shall be eligible for the programs administered by the Alameda Transportation Management Association or its successor, such as free transit passes. Failure by Tenant to timely and annually pay the full amount of TDM Fee owed by October 31 and April 30, respectively, shall constitute a Default pursuant to Section 18 this Lease.
7. Delivery of Possession. Tenant agrees that the Premises shall continue to be leased in its "AS-IS" condition, and Landlord shall have no obligation to make any repairs or modifications to the Premises. Tenant acknowledges and agrees that Landlord has made no representations or warranties regarding the Premises, including, without limita tion, its suitability for Tenant’s proposed use.
8. City’s Authority. Tenant acknowledges Landlord is entering into this Amendment modifying the Lease in Landlord’s proprietary capacity and not in its regulatory or governmental capacity. Nothing in this Amendment shall be construed as restraining, impairing or restricting the City of Alameda in its regulatory capacity, or granting any rights upon the Tenant with respect to the use, occupancy or operation of the Premises in a manner inconsistent with any Laws or applicable requirements.
9. Ratification; Miscellaneous. Except as modified by this Amendment, in all other respects the Lease is hereby ratified and affirmed and remains in full force and effect. This Amendment may be executed in one or more counterparts.
Docusign Envelope ID: 37F8B382-E41C-8108-80A7-EDB1BC6EDD0C Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE 3 4
IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the day and year last set forth below.
LANDLORD:
CITY OF ALAMEDA,
a charter city and municipal corporation
By: _____________________________
Gerry Beaudin
City Manager
Date: _____________________________
TENANT:
FACTION BREWING COMPANY,
a California limited liability company
By: _____________________________
Name: Rodger Davis
Title: Co-owner
Date: _____________________________
Approved as to Form
By: _____________________________
Len Aslanian
By: _____________________________
Name: Claudia Pamparana
Title: Co-owner
Date: _____________________________
Recommended for Approval
By: _____________________________
Abigail Thorne-Lyman
Director, Base Reuse and Economic Development
Docusign Envelope ID: 37F8B382-E41C-8108-80A7-EDB1BC6EDD0C 8/6/2026
8/6/2026
Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE Asst. City Attorney
4 06/16/2026
Milestone Risk Management & Insurance Services
License No. 0B72766
8 Corporate Park, Suite 130
Irvine CA 92606
Emily Kauffman
(949) 852-0909 (949) 852-1131
[email protected]
Faction Brewing Company, LLC
2501 Monarch St.
Alameda CA 94501
Hanover American Insurance Company 36064
Allmerica Financial Benefit Ins. Co. 41840
The Hanover Ins. Co. 22292
Preferred Employers Ins. Co. 10900
Aspen Insurance, UK Limited
26/27 City of Alameda
A Y ZZ3D61016808 06/19/2026 06/19/2027
1,000,000
100,000
10,000
1,000,000
2,000,000
2,000,000
Liquor Liability 1,000,000
B AW3D61017408 06/19/2026 06/19/2027
1,000,000
C UH3D61016908 06/19/2026 06/19/2027
1,000,000
1,000,000
D Y PEG663725664 06/20/2026 06/20/2027
1,000,000
1,000,000
1,000,000
E
Pollution Liability
ER007X724 06/19/2024 06/19/2027
Limit of Liability $1,000,000
$1,000,000
The City of Alameda, its City Council, boards, commissions, officials, employees and volunteers, LPC West LLC and any other party designated by the City (as determined in the City's sole discretion) are included as Additional Insureds with respects to General Liability when required by written contract, per the attached endorsement.
City of Alameda c/o LPC West LP
950 West Mall Square, Ste 239
Alameda CA 94501
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.
INSURER(S) AFFORDING COVERAGE
INSURER F :
INSURER E :
INSURER D :
INSURER C :
INSURER B :
INSURER A :
NAIC #
NAME:
CONTACT
(A/C, No):
FAX
E-MAIL
ADDRESS:
PRODUCER
(A/C, No, Ext):
PHONE
INSURED
REVISION NUMBER:CERTIFICATE NUMBER:COVERAGES
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.
If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
OTHER:
(Per accident)
(Ea accident)
$
$
N / A
SUBR
WVD
ADDL
INSD
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. $
$
$
$PROPERTY DAMAGE
BODILY INJURY (Per accident)
BODILY INJURY (Per person)
COMBINED SINGLE LIMIT
AUTOS ONLY
AUTOSAUTOS ONLY
NON-OWNED
SCHEDULEDOWNED
ANY AUTO
AUTOMOBILE LIABILITY
Y / N
WORKERS COMPENSATION
AND EMPLOYERS' LIABILITY
OFFICER/MEMBER EXCLUDED?
(Mandatory in NH)
DESCRIPTION OF OPERATIONS below
If yes, describe under
ANY PROPRIETOR/PARTNER/EXECUTIVE
$
$
$
E.L. DISEASE - POLICY LIMIT
E.L. DISEASE - EA EMPLOYEE
E.L. EACH ACCIDENT
ER
OTH-
STATUTE
PER
LIMITS(MM/DD/YYYY)
POLICY EXP
(MM/DD/YYYY)
POLICY EFF
POLICY NUMBERTYPE OF INSURANCELTR
INSR
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)
EXCESS LIAB
UMBRELLA LIAB $EACH OCCURRENCE
$AGGREGATE
$
OCCUR
CLAIMS-MADE
DED RETENTION $
$PRODUCTS - COMP/OP AGG
$GENERAL AGGREGATE
$PERSONAL & ADV INJURY
$MED EXP (Any one person)
$EACH OCCURRENCE
DAMAGE TO RENTED
$PREMISES (Ea occurrence)
COMMERCIAL GENERAL LIABILITY
CLAIMS-MADE OCCUR
GEN'L AGGREGATE LIMIT APPLIES PER:
POLICY PRO-
JECT LOC
CERTIFICATE OF LIABILITY INSURANCE
DATE (MM/DD/YYYY)
CANCELLATION
AUTHORIZED REPRESENTATIVE
ACORD 25 (2016/03)
© 1988-2015 ACORD CORPORATION. All rights reserved.
CERTIFICATE HOLDER
The ACORD name and logo are registered marks of ACORD
HIRED
AUTOS ONLY
Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE 8/11/2026
5 00010275
Milestone Risk Management & Insurance Services
25 Certificate of Liability Insurance: Notes
Blanket Personal Property Insurance - 6/19/2026-6/19/2027 - $4,641,077 Business Interruption Insurance - 6/19/2026-6/19/2027 - $1,000,000 ACORD 101 (2008/01)
The ACORD name and logo are registered marks of ACORD
© 2008 ACORD CORPORATION. All rights reserved.
THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, FORM NUMBER: FORM TITLE:
ADDITIONAL REMARKS
ADDITIONAL REMARKS SCHEDULE Page of
AGENCY CUSTOMER ID:
LOC #:
AGENCY
CARRIER NAIC CODE
POLICY NUMBER
NAMED INSURED
EFFECTIVE DATE:
Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE 6 421-2915 06 15 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 1 of 4 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.
COMMERCIAL GENERAL LIABILITY BROADENING ENDORSEMENT
Thi
s endorsement modifies insurance provided under the following:
COMMERCIAL GENERAL LIABILITY COVERAGE PART
SUMMARY OF COVERAGES
1. Additional Insured by Contract, Agreement or Permit Included
2. Additional Insured /cb1 Primary and Non-Contributory Included
3. Blanket Waiver of Subrogation Included
4. Bodily Injury Redefined Included
5. Broad Form Property Damage /cb1 Borrowed Equipment, Customers Goods & Use of Elevators Included
6. Knowledge of Occurrence Included
7. Liberalization Clause lncluded
8. Medical Payments /cb1 Extended Reporting Period Included
9. Newly Acquired or Formed Organizations - Covered until end of policy period Included
10. Non-owned Watercraft 51 ft.
11. Supplementary Payments Increased Limits
- Bail Bonds $2,500
- Loss of Earnings $1000
12. Unintentional Failure to Disclose Hazards Included
13. Unintentional Failure to Notify Included
Thi
s endorsement amends coverages provided under the Commercial General Liability Coverage Part through new coverages, higher limits and broader coverage grants.
1. Additional Insured by Contract, Agreement or
Permit
The following is added to SECTION II /cb1 WHO IS
AN INSURED:
Additional Insured by Contract, Agreement or
Permit
a. Any person or organization with whom you
agreed in a written contract, written agreemen t
or permit that such person or organization to
add an additional insured on your policy is an
additional insured only with respect to liability
/c49/c52/c55/c03 /cb3/c45/c52/c47/c4c/c4f/c5c/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c0f/c03 /cb3/c53/c55/c52/c53/c48/c55/c57/c5c/c03 /c47/c44/c50/c44/c4a/c48/cb4/c0f/c03 /c52/c55/c03 /cb3/c53/c48/c55/c56/c52/c51/c44/c4f/c03 /c44/c51/c47/c03 /c44/c47/c59/c48/c55/c57/c4c/c56/c4c/c51/c4a/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c03 /c46/c44/c58/c56/c48/c47/c0f/c03 /c4c/c51/c03 whole or in part, by your acts or omissions, or
the acts or omissions of those acting on yo ur
behalf, but only with respect to:
(1) "Your work" for the additional insured(s)
designated in the contract, agreement or
permit;
(2) Premises you own, rent, lease or occupy;
or
(3) Your maintenance, operation or use of
equipment leased to you.
b. The insurance afforded to such additional
insured described above:
(1) Only applies to the extent permitted by
law; and
(2) Will not be broader than the insurance
which you are required by the contract,
agreement or permit to provide for suc h
additional insured.
ZZ3 D610168 08 1001687
6/19/2026 - 6/19/2027
Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE 7 421-2915 06 15 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 2 of 4 (3) A pplies on a primary basis if that is
required by the written contract, written
agreement or permit.
(4) Will not be broader than coverage
provided to any other insured.
(5) /c27/c52/c48/c56/c03 /c51/c52/c57/c03 /c44/c53/c53/c4f/c5c/c03 /c4c/c49/c03 /c57/c4b/c48/c03 /cb3/c45/c52/c47/c4c/c4f/c5c/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c0f/c03 /cb3/c53/c55/c52/c53/c48/c55/c57/c5c/c03 /c47/c44/c50/c44/c4a/c48/cb4/c03 /c52/c55/c03 /cb3/c53/c48/c55/c56/c52/c51/c44/c4f/c03 /c44/c51/c47/c03 /c44/c47/c59/c48/c55/c57/c4c/c56/c4c/c51/c4a/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c03 /c4c/c56/c03 /c52/c57/c4b/c48/c55/c5a/c4c/c56/c48/c03 /c48/c5b/c46/c4f/c58/c47/c48/c47/c03 from coverage under this Coverage Part,
including any endorsements thereto.
c. This provision does not apply:
(1) Unless the written contract or written
agreement was executed or permit was
/c4c/c56/c56/c58/c48/c47/c03/c53/c55/c4c/c52/c55/c03/c57/c52/c03/c57/c4b/c48/c03/c05/c45/c52/c47/c4c/c4f/c5c/c03/c4c/c51/c4d/c58/c55/c5c/cb4/c0f/c03/cb3/c53/c55/c52/c53/c48/c55/c57/c5c/c03 damage", or "personal injury and
advertising injury".
(2) To any person or organization included as
an insured by another endorsement
issued by us and made part of this
Coverage Part.
(3) To any lessor of equipment:
(a) After the equipment lease expires; or
(b) /c2c/c49/c03 /c57/c4b/c48/c03 /cb3/c45/c52/c47/c4c/c4f/c5c/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c0f/c03 /cb3/c53/c55/c52/c53/c48/c55/c57/c5c/c03 /c47/c44/c50/c44/c4a/c48/cb4/c0f/c03 /cb3/c53/c48/c55/c56/c52/c51/c44/c4f/c03 /c44/c51/c47/c03 /c44/c47/c59/c48/c55/c57/c4c/c56/c4c/c51/c4a/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c03/c44/c55/c4c/c56/c48/c56/c03/c52/c58/c57/c03/c52/c49/c03/c56/c52/c4f/c48/c03/c51/c48/c4a/c4f/c4c/c4a/c48/c51/c46/c48/c03/c52/c49/c03 the lessor
(4) To any:
(a) Owners or other interests from. whom
land has been leased which takes
place after the lease for the land ex-
pires; or
(b) Managers or lessors of premises if:
(i) The occurrence takes place after
you cease to be a tenant in that
premises; or
(ii) The "bodily injury", "property
damage", "personal injury" or
"advertising injury" arises out of
structural alterations, new con-
struction or demolition operations
performed by or on behalf of the
manager or lessor.
(5) /c37/c52/c03 /cb3/c45/c52/c47/c4c/c4f/c5c/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c0f/c03 /cb3/c53/c55/c52/c53/c48/c55/c57/c5c/c03 /c47/c44/c50/c44/c4a/c48/cb4/c03 /c52/c55/c03 /cb3/c53/c48/c55/c56/c52/c51/c44/c4f/c03 /c44/c51/c47/c03 /c44/c47/c59/c48/c55/c57/c4c/c56/c4c/c51/c4a/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c03 /c44/c55/c4c/c56/c4c/c51/c4a/c03 out of the rendering of or the failure to
render any professional services.
This exclusion applies even if the claims
against any insured allege negligence or
other wrongdoing in the supervision,
hiring, employment, training or monitoring
of others by that insured, if the
/cb3/c52/c46/c46/c58/c55/c55/c48/c51/c46/c48/cb4/c03 /c5a/c4b/c4c/c46/c4b/c03 /c46/c44/c58/c56/c48/c47/c03 /c57/c4b/c48/c03 /cb3/c45/c52/c47/c4c/c4f/c5c/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c03/c52/c55/c03/cb3/c53/c55/c52/c53/c48/c55/c57/c5c/c03/c47/c44/c50/c44/c4a/c48/cb4/c03/c52/c55/c03/c57/c4b/c48/c03/c52/c49/c49/c48/c51/c56/c48/c03 wh/c4c/c46/c4b/c03 /c46/c44/c58/c56/c48/c47/c03 /c57/c4b/c48/c03 /cb3/c53/c48/c55/c56/c52/c51/c44/c4f/c03 /c44/c51/c47/c03 /c44/c47/c59/c48/c55/c57/c4c/c56/c4c/c51/c4a/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c03 /c4c/c51/c59/c52/c4f/c59/c48/c47/c03 /c57/c4b/c48/c03 /c55/c48/c51/c47/c48/c55/c4c/c51/c4a/c03 of or failure to render any professional
services by or for you.
d. With respect to the insurance afforded to
these additional insureds, the following is
added to SECTION III /cb1 LIMITS OF
INSURANCE:
The most we will pay on behalf of the
additional insured for a covered claim is the
lesser of the amount of insurance:
1. Required by the contract, agreement or
permit described in Paragraph a.; or
2. Available under the applicable Limits of
Insurance shown in the Declarations.
This endorsement shall not increase the
applicable Limits of Insurance shown in the
Declarations.
2. Additional Insured /cb1 Primary and Non-
Contributory
The following is added to SECTION IV /cb1
COMMERCIAL GENERAL LIABILITY
CONDITIONS, Paragraph 4. Other insurance:
Additional Insured /cb1 Primary and Non-
Contributory
If you agree in a written contract, written
agreement or permit that the insurance provided to
any person or organization included as an
Additional Insured under SECTION II /cb1 WHO IS
AN INSURED , is primary and non-contributory,
the following applies:
If other valid and collectible insurance is available
to the Additional Insured for a loss covered under
Coverages A or B of this Coverage Part, our
obligations are limited as follows:
a. Primary Insurance
This insurance is primary to other insurance
that is available to the Additional Insured
which covers the
Additional Insured as a Named Insured. We
will not seek contribution from any other
insurance available to the Additional Insured
except:
(1) For the sole negligence of the Additional
Insured;
(2) When the Additional Insured is an
Additional Insured under another primary
liability policy; or
(3) when b. below applies.
If this insurance is primary, our obligations are
not affected unless any of the other insurance
is also primary. Then, we will share with all
that other insurance by the method described
in c. below.
ZZ3 D610168 08 1001687
Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE 8 421-2915 06 15 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 3 of 4 b. Excess Insurance
(
1) This insurance is excess over any of the
other insurance, whether primary, excess,
contingent or on any other basis:
(a) That is Fire, Extended Coverage,
Builder's Risk, Installation Risk or
similar coverage for "your work";
(b) That is Fire insurance for premises
rented to the Additional Insured or
temporarily occupied by the Additional
Insured with permission of the owner;
(c) That is insurance purchased by the
Additional Insured to cover the
/c24/c47/c47/c4c/c57/c4c/c52/c51/c44/c4f/c03 /c2c/c51/c56/c58/c55/c48/c47/cb6/c56/c03 /c4f/c4c/c44/c45/c4c/c4f/c4c/c57/c5c/c03 /c44/c56/c03 /c44/c03 tenant for "property damage" to
premises rented to the Additional
Insured or temporarily occupied by the
Additional with permission of the
owner; or
(d) If the loss arises out of the
maintenance or use of aircraft, "autos"
or watercraft to the extent not subject
to Exclusion g. of SECTION I /cb1
COVERAGE A /cb1 BODILY INURY
AND PROPERTY DAMAGE
LIABILITY.
(2) When this insurance is excess, we will
have no duty under Coverages A or B to
defend the insured against any "suit" if any
other insurer has a duty to defend the
insured against that "suit". If no other
insurer defends, we will undertake to do
so, but we will be entitled to the insured's
rights against all those other insurers.
(3) When this insurance is excess over other
Insurance, we will pay only our share of
the amount of the loss, if any, that
exceeds the sum of:
(a) The total amount that all such other
insurance would pay for the loss in the
absence of this insurance; and
(b) The total of all deductible and self
insured amounts under all that other
insurance.
We will share the remaining loss, if any,
with any other insurance that is not
described in this Excess Insurance
provision and was not bought specifically
to apply in excess of the Limits of
Insurance shown in the Declarations of
this Coverage Part.
c. Method Of Sharing
If all of the other insurance permits
contribution by equal shares, we will follow this
method also. Under this approach each
insurer contributes equal amounts until it has
paid its applicable limit of insurance or none of
the loss remains, whichever comes first. If any
of the other insurance does not permit
contribution by equal shares, we will contribute
by limits. Under this method, each insurer's
share is based on the ratio of its applicable
limit of insurance to the total applicable limits
of insurance of all insurers
3. Blanket Waiver of Subrogation
The following is added to SECTION IV /cb1
COMMERCIAL GENERAL LIABILITY
CONDITIONS, Paragraph 8. Transfer Of Rights
Of Recovery Against Others To Us:
We waive any right of recovery we may have
against any person or organization with whom you
have a written contract that requires such waiver
because of payments we make for damage under
this coverage form. The damage must arise out of
your activities under a written contract with that
person or organization. This waiver applies only to
the extent that subrogation is waived under a
written contrac/c57/c03/c48/c5b/c48/c46/c58/c57/c48/c47/c03/c53/c55/c4c/c52/c55/c03/c57/c52/c03/c57/c4b/c48/c03/cb3/c52/c46/c46/c58/c55/c55/c48/c51/c46/c48/cb4/c03 or offense giving rise to such payments.
4. Bodily Injury Redefined
SECTION V /cb1 DEFINITIONS, Definition 3. /cb3/c45/c52/c47/c4c/c4f/c5c/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c03/c4c/c56/c03/c55/c48/c53/c4f/c44/c46/c48/c47/c03by the following:
3. /cb3/c25/c52/c47/c4c/c4f/c5c/c03/c4c/c51/c4d/c58/c55/c5c/cb4/c03/c50/c48/c44/c51/c56/c03bodily injury, sickness or disease sustained by a person including death
resulting from any of these at any time. /cb3/c25/c52/c47/c4c/c4f/c5c/c03 /c4c/c51/c4d/c58/c55/c5c/cb4/c03includes mental anguish or other mental injury resulting from /cb3/c45/c52/c47/c4c/c4f/c5c/c03/c4c/c51/c4d/c58/c55/c5c/cb4/c11
5. Broad Form Property Damage /cb1 Borrowed
Equipment, Customers Goods, Use of
Elevators
a. SECTION I /cb1 COVERAGES, COVERAGE A /cb1
BODILIY INJURY AND PROPERTY
DAMAGE LIABILITY, Paragraph 2.
Exclusions subparagraph j. is amended as
follows:
Paragraph (4) does not apply to "property
damage" to borrowed equipment while at a
jobsite and not being used to perform
operations.
Paragraphs (3), (4) and (6) do not apply to
"property damage" to "customers goods" while
on your premises nor do they apply to the use
of elevators at premises you own, rent, lease
or occupy.
b. The following is added to SECTION V /cb1
DEFINTIONS:
24. "Customers goods" means property of
your customer on your premises for the
purpose of being:
ZZ3 D610168 08 1001687
Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE 9 421-2915 06 15 Includes copyrighted material of Insurance Services Office, Inc., with its permission. Page 4 of 4 a. worked on; or
b. used in your manufacturing process.
c. The insurance afforded under this provision is
excess over any other valid and collectible
property insurance (including deductible)
available to the insured whether primary,
excess, contingent
6. Knowledge of Occurrence
The following is added to SECTION IV /cb1
COMMERCIAL GENERAL LIABILITY
CONDITIONS, Paragraph 2. Duties in the Event
of Occurrence, Offense, Claim or Suit:
e. Notice of an "occurrence", offense, claim or
"suit" will be considered knowledge of the
insured if reported to an individual named
insured, partner, executive officer or an
"employee" designated by you to give us such
a notice.
7. Liberalization Clause
The following is added to SECTION IV /cb1
COMMERCIAL GENERAL LIABILITY
CONDITIONS:
Liberalization Clause
If we adopt any revision that would broaden the
coverage under this Coverage Form without
additional premium, within 45 days prior to or
during the policy period, the broadened coverage
will immediately apply to this Coverage Part.
8. Medical Payments /cb1 Extended Reporting
Period
a. SECTION I /cb1 COVERAGES, COVERAGE C /cb1
MEDICAL PAYMENTS, Paragraph 1.
Insuring Agreement, subparagraph a.(3)(b)
is replaced by the following:
(b) The expenses are incurred and reported
to us within three years of the date of the
accident; and
b. This coverage does not apply if COVERAGE
C /cb1 MEDICAL PAYMENTS is excluded either
by the provisions of the Coverage Part or by
endorsement.
9. Newly Acquired Or Formed Organizations
SECTION II /cb1 WHO IS AN INSURED, Paragraph
3.a. is replaced by the following:
a. Coverage under this provision is afforded until
the end of the policy period.
10. Non-Owned Watercraft
SECTION I /cb1 COVERAGES, COVERAGE A
BODILY INJURY AND PROPERTY DAMAGE
LIABILITY, Paragraph 2. Exclusions,
subparagraph g.(2) is replaced by the following:
g. Aircraft, Auto Or Watercraft
(2) A watercraft you do not own that is:
(a) Less than 51 feet long; and
(b) Not being used to carry persons or
property for a charge;
This provision applies to any person who,
with your consent, either uses or is
responsible for the use of a watercraft.
11. Supplementary Payments Increased Limits
SECTION I /cb1 SUPPLEMENTARY PAYMENTS
COVERAGES A AND B, Paragraphs 1.b. and
1.d. are replaced by the following:
1.b. Up to $2,500 for cost of bail bonds required
because of accidents or traffic law violations
arising out of the use of any vehicle to which
the Bodily Injury Liability Coverage applies.
We do not have to furnish these bonds.
1.d. All reasonable expenses incurred by the
insured at our request to assist us in the
/c4c/c51/c59/c48/c56/c57/c4c/c4a/c44/c57/c4c/c52/c51/c03 /c52/c55/c03 /c47/c48/c49/c48/c51/c56/c48/c03 /c52/c49/c03 /c57/c4b/c48/c03 /c46/c4f/c44/c4c/c50/c03 /c52/c55/c03 /cb3/c56/c58/c4c/c57/c05/c0f/c03 including actual loss of earnings up to $1000 a
day because of time off from work.
12. Unintentional Failure to Disclose Hazards
The following is added to SECTION IV /cb1
COMMERCIAL GENERAL LIABILITY
CONDITIONS, Paragraph 6. Representations:
We will not disclaim coverage under this Coverage
Part if you fail to disclose all hazards existing as of the inception date of the policy provided such
failure is not intentional.
13. Unintentional Failure to Notify
The following is added to SECTION IV /cb1
COMMERCIAL GENERAL LIABILITY
CONDITIONS, Paragraph 2. Duties in the Event
of Occurrence, Offense, Claim or Suit:
Your rights afforded under this policy shall not be
prejudiced if you fail to give us notice of an
"occurrence", offense, claim or "suit", solely due to
your reasonable and documented belief that the
"bodily injury" or "property damage" is not covered
under this policy.
ALL OTHER TERMS, CONDITIONS, AND EXCLUSIONS REMAIN UNCHANGED.
ZZ3 D610168 08 1001687
Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE 10 08/06/2026
Milestone Risk Management & Insurance Services
License No. 0B72766
8 Corporate Park, Suite 130
Irvine CA 92606
(949) 852-0909
(949) 852-1131 [email protected]
1001687
00010275
Hanover American Insurance Company
5 Hutton Centre Dr., Ste. 1060
Santa Ana CA 92707
Faction Brewing Company, LLC
2501 Monarch St.
Alameda CA 94501
ZZ3D61016808
06/19/2026 06/19/2027
2501 Monarch St.
Alameda CA 94501
Business Personal Property, Agreed Value, Special form 4,641,077 1,000 BI w/ Extra Expense, Actual Loss Sustained, Special form 1,000,000 72 hours City of Alameda c/o LPC West LP
950 West Mall Square, Ste 239
Alameda CA 94501
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.
CANCELLATION
© 1993-2015 ACORD CORPORATION. All rights reserved.ACORD 27 (2016/03) The ACORD name and logo are registered marks of ACORD
THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED.
NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS.
PROPERTY INFORMATION
LOCATION/DESCRIPTION
COVERAGE INFORMATION
COVERAGE / PERILS / FORMS AMOUNT OF INSURANCE DEDUCTIBLE PHONE
(A/C, No, Ext):
(A/C, No):
FAX E-MAIL
ADDRESS:
AGENCY
THIS EVIDENCE OF PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST.
CUSTOMER ID #:
AGENCY
SUB CODE:CODE:
INSURED LOAN NUMBER POLICY NUMBER
TERMINATED IF CHECKED
CONTINUED UNTIL
EXPIRATION DATEEFFECTIVE DATE
THIS REPLACES PRIOR EVIDENCE DATED:
COMPANY
DATE (MM/DD/YYYY)
EVIDENCE OF PROPERTY INSURANCE
REMARKS (Including Special Conditions)
MORTGAGEE
ADDITIONAL INSURED LOSS PAYEE
ADDITIONAL INTEREST
NAME AND ADDRESS
AUTHORIZED REPRESENTATIVE
LOAN #
PERILS INSURED BASIC BROAD SPECIAL
LENDER'S LOSS PAYABLE
Docusign Envelope ID: B39E2021-5EF9-8A28-81FD-AFA0B826A9DE 11