Exhibit 10
Domaines Barons de Rothschild (Lafite) SCA
33, rue de la Baume
75008 Paris
France
September 10, 2004
Board of Directors
The Chalone Wine Group, Ltd.
621 Airpark Road
Napa, CA 94558
Gentlemen:
We are writing on behalf of ourselves (DBR), as well as Constellation Brands, Inc. (CBI) and Huneeus Vintners LLC (HVI, and together with ourselves and CBI, the Partners), in reference to the offer letter sent to you on May 17, 2004 (the Offer Letter) proposing a business combination transaction to The Chalone Wine Group, Ltd. (the Company) and the letters dated June 30, July 31, August 20, August 27, and September 3, 2004 indicating extensions of that offer (the Extension Letter, the Second Extension Letter, Third Extension Letter, Fourth Extension Letter, and Fifth Extension Letter, respectively).
The Fifth Extension Letter stated that the proposal contained in the Offer Letter would remain open for your consideration until September 10, 2004. We hereby extend the duration of the proposal until September 17, 2004. The remaining terms of the Offer Letter remain in full force and effect.
Very truly yours,
DOMAINES BARONS DE ROTHSCHILD (LAFITE) SCA | ||
By: | /s/ Christophe Salin | |
Christophe Salin / Managing Director |
SO ACKNOWLEDGED:
CONSTELLATION BRANDS, INC. | ||
By: | /s/ Thomas J. Mullin | |
Thomas J. Mullin, Executive Vice President and General Counsel |
HUNEEUS VINTNERS LLC | ||
By: | /s/ Agustin Huneeus | |
Agustin Huneeus, Manager |
- 2 -