1812 Brewing Company Inc (KEGS)

[az_maverick]

NOT TOO SHABBY!!!

At September 30,
2007, the convertible debenture balance was $150,000 after Highgate converted
their entire convertible debenture balance of $1,062,329 plus accrued interest
of $141,716 into 393,870,483 shares of the Company's common stock (See Note 7).
At September 30, 2007, the derivative liability on the Cornell debt calculated
using the Black-Scholes model was $162,101.