Related-Party Transactions

9 Months Ended

Sep. 30, 2011

9. Related-Party Transactions

We and our subsidiaries have entered into or amended several agreements with affiliated and related entities. Among these were a Distribution Agreement between UBIUK and KBEL; a Trademark Licensing Agreement between MBC and Kingfisher of America, Inc.; and a License Agreement between UBIUK and United Breweries Limited (UB). KBEL is a party to a brewing agreement and a loan agreement with Shepherd Neame. Additional information about these transactions may be found in our annual report on Form 10-K for the year ended December 31, 2010.

The following table reflects the value of the transactions during the nine months ended September 30, 2011 and 2010, and the balances outstanding as of September 30, 2011 and December 31, 2010.

TRANSACTIONS	2011		2010
Sales to Shepherd Neame	$	3,989,300	$	4,505,500
Purchases from Shepherd Neame	$	12,837,800	$	10,959,600
Expense reimbursement to Shepherd Neame	$	849,800	$	678,500
Interest expense related to UBA convertible notes	$	68,000	$	68,000

ACCOUNT BALANCES	Sept 30, 2011		Dec 31, 2010
Accounts payable to Shepherd Neame	$	4,039,500	$	4,248,600
Accounts payable to UB	$	63,100	$	87,500
Accounts receivable from Shepherd Neame	$	368,000	$	276,200