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Related-Party Transactions

3 Months Ended

Mar. 31, 2015

12. Related-Party Transactions

The Company conducts business with United Breweries of America, Inc. (“UBA”), which owns approximately 25% of the Company’s common stock. Until October 2013, KBEL had significant transactions with Shepherd Neame, Ltd., which is a related party with respect to a former Board member. KBEL also had significant transactions with HUK, a related party with respect to one of MBC’s Board members, beginning in October 2013.

The following table reflects the value of such transactions during the quarters ended March 31, 2015 and 2014 and the balances outstanding as of March 31, 2015 and December 31, 2014.

TRANSACTIONS	March 31, 2015		March 31, 2014
Purchases from HUK	$	2,404,600	$	3,119,600
Expense reimbursement to HUK	$	208,500	$	243,700
Interest expense related to UBA convertible notes	$	22,400	$	22,400
Interest expenses related to Catamaran notes	$	15,300	$	4,500

ACCOUNT BALANCES	Mar 31, 2015		Dec 31, 2014
Accounts payable and accrued liability to HUK	$	1,325,400	$	1,802,300

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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