2. Page 2 Narragansett Beer Funding Overview 18 month negotiation with Pabst to purchase Narragansett Beer Nearly one year to raise $2.0M Series A round 2005 Three months to raise $1.5M Series B round in 2006 In process of raising non-dilutive financing

3. Page 3 Lessons Validated and Learned 1.Clearly articulated business plan is a requisite Executive summary Constantly seek professional feedback 2.You are selling yourself as much as your idea 3.There are people who really want to help 4.You need a deal champion Investors follow the herd A champion will build and drive your network 5.Clearly outline the exit strategy and investment return

4. Page 4 Q&A