9. Related-Party Transactions

The Company and its subsidiaries have entered into or amended several agreements with affiliated and related entities. Among these are a Market Development Agreement, a Distribution Agreement, a Trademark Licensing Agreement between MBC and Kingfisher of America, Inc. and a License Agreement between UBIUK and UBHL. KBEL is a party to a brewing agreement and a loan agreement with Shepherd Neame, which is discussed in Note 7.

The following tables reflect the value of the transactions during the six months ended June 30, 2011 and 2010 and the balances outstanding as of June 30, 2011 and December 31, 2010.

TRANSACTIONS	2011		2010
Sales to Shepherd Neame	$	2,920,000	$	3,381,800
Purchases from Shepherd Neame	$	8,447,200	$	7,135,800
Expense reimbursement to Shepherd Neame	$	574,600	$	407,800
Interest expense related to UBA convertible notes	$	45,100	$	45,100

ACCOUNT BALANCES	June 30, 2011		Dec 31, 2010
Accounts payable to Shepherd Neame	$	5,246,400	$	4,248,600
Accounts receivable from Shepherd Neame	$	373,100	$	276,200
Accounts payable to United Breweries Holdings Limited	$	—	$	123,200
Accounts receivable from United Breweries Holdings Limited	$	330,000	$	—