The Companys planned sources of revenue include: (1) wholesale beer sales, (2) retail beer sales, (3) food and beverage sales in taprooms and restaurants and (4) merchandise. Because this is not a contingent offering, no escrow account need be established. ______________________________________________________________________________, OFFERING SUMMARY AND SUMMARY OF RISK FACTORS, MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION, COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS, SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITYHOLDERS, INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN RELATED-PARTY TRANSACTIONS AND AGREEMENTS, ACKNOWLEDGEMENT ADOPTING TYPED SIGNATURES. Armed Forces Brewing Company plans for its beers to also be available for online ordering and shipping to beer lovers in 46 states by the end of the summer. The amendments specify that existing guidance for capitalizing implementation costs incurred to develop or obtain internal-use software also applies to implementation costs incurred in a hosting arrangement that is a service contract. Volatility and uncertainty in the financial markets and economic conditions may directly or indirectly affect the Companys performance and operating results in a variety of ways, including: (a) prices for energy and agricultural products may rise faster than current estimates, including increases resulting from currency fluctuations; (b) the Companys key suppliers may not be able to fund their capital requirements, resulting in disruption in the supplies of the Companys raw and packaging materials; (c) the credit risks of the Companys distributors may increase; (d) the impact of currency fluctuations on amounts owed to the Company by distributors that may pay in foreign currencies; (e) the Companys credit facility, or portion thereof, may become unavailable at a time when needed by the Company to meet critical needs; (f) overall beer consumption may decline; or (g) drinkers of the Companys products may change their purchase preferences and frequency, which might result in sales declines. Should such additional broker-dealers be engaged, an amendment or supplement to this Offering Circular will be filed disclosing the additional fees. The Company plans to actively hire its additional employees at such time as the Company has sufficient capital or financing to do so. If a shareholder fails to deliver to the acquiring party at the closing of an Approved Sale a certificate for shares that are represented by a certificate and the related instruments of transfer, as required by the Bylaws, or, in lieu of any certificate that has been lost, stolen, or destroyed, an affidavit (and indemnification agreement) in form and substance acceptable to the board of directors that attests to the loss, theft, or destruction of the certificate, the shareholder: (i) will not be entitled to receive its share of the consideration from the Approved Sale with respect each share that is represented by the lost, stolen, or destroyed certificate, until the shareholder cures the failure (provided that no interest will be payable on the withheld consideration pending the shareholders cure of the failure, and the withheld consideration will be subject to reduction to reimburse the Company for any costs and expenses reasonably incurred by the Company in connection with the failure and subsequent cure), (ii) will cease to be a shareholder of the Company or to have any voting rights (if it had any voting rights) as a shareholder after the closing of the Approved Sale, (iii) will not be entitled to any distributions declared or made after the Approved Sale with respect to shares held by the shareholder, until the shareholder cures the failure, (iv) will have no other rights or privileges granted to shareholders under these Bylaws, and (v) in the event of liquidation of the Company, the shareholders rights with respect to the withheld consideration will be subordinate to the rights of any other shareholder. The advertisement itself is pretty standard fare these days, and its similar to commercials from veteran-run businesses that are already out there, which is to say that it plays like a military-grade and mega-moto version of Dollar Shave Clubs 2012 viral hit. numerous flags under the Marriott, Hilton, Starwood, and IHG brands. Actual results could differ from those estimates. THE SECURITIES DESCRIBED IN THIS OFFERING CIRCULAR HAVE NOT BEEN REGISTERED UNDER ANY STATE SECURITIES LAWS (COMMONLY CALLED "BLUE SKY" LAWS). At present, managements best estimate of the use of proceeds, at various funding milestones, is set out in the chart below. Describing the concept as an "alternative to being pushed out or bought out from the mega commodity world," True Craft is Koch's answer to "market . Additional accounts may be used in the future in lieu of the Escrow Account for the same purpose. In addition, if the Company needs to raise more equity capital from the sale of additional stock or notes, institutional or other investors may negotiate terms at least as, and possibly more favorable than the terms of your investment. Because the securities being sold in this Offering, Shares of Class C Common Stock, have no voting rights, if you invest, you should not expect to be able to influence any decisions by management of the Company through voting on Company matters. The Company cannot be certain that any such financing will be available on acceptable terms, or at all, and its failure to raise capital when needed could limit its ability to continue its operations. If the Drag-Along Seller approves a Drag-Along Sale (an Approved Sale), the Drag-Along Seller shall deliver a written notice (a Drag-Along Notice) to the Company and each shareholder no more than 10 days after the execution and delivery by all of the parties thereto of the definitive agreement entered into with respect to the Approved Sale and, in any event, no later than 20 days before the closing date of the Approved Sale. And, along the way, Kirin is embarking on digital updates to modernize its operation and increase efficiency, further bolstering the company's dividend-paying capability. Jason is also instrumental in the development of Armed Forces Brewing Brewerys beer products and quality control. Investors will be given an opportunity to review the current status of all material contracts and financials and ask appropriate questions of management prior to subscribing to this offering. The Company reserves the right to change the use of proceeds set out herein based on the needs of the ongoing business of the Company and the discretion of the Companys management. The company has won several awards for its beers, including a gold medal at the 2016 Great American Beer Festival for its West Coast IPA. I saw the lightning and heard the thunder.. Accounts and Notes Receivable. However, if a Qualified Plan or IRA earns unrelated business taxable income (UBTI), this income will be subject to tax to the extent it exceeds $1,000 during any fiscal year. Otherwise, current value means the fair value as determined in good faith under the terms of the plan by a trustee or other named fiduciary, assuming an orderly liquidation at the time of the determination. Your stake in the Company could be diluted due to the Company issuing additional Shares of Class C Common Stock or other securities such as stock, or securities or debt convertible into stock or additional classes of stock. The Company may appoint an independent director(s) to its board of directors in the future, particularly to serve on appropriate committees should they be established. funds are transferred to said operating account. The company has won several awards, including a gold medal at the Great American Beer Festival and a silver medal at the World Beer Cup.The companys founders have stated that their mission is to brew quality craft beer for everyone to enjoy. unenforceable in respect of, one or more of the specified types of actions or proceedings, the Company may incur additional costs associated with resolving such matters in other jurisdictions, which could adversely affect the Companys business and financial condition. The risk of unauthorized circumvention of such security measures has been heightened by advances in computer capabilities and the increasing sophistication of hackers. The Company has also paid a FINRA 5110 filing fee of $1,625.00. While the Company uses reasonable efforts to protect these trade secrets, the Company cannot assure that its employees, consultants, contractors or advisors will not, unintentionally or willfully, disclose the Company's trade secrets to competitors or other third parties. INVESTMENT OPPORTUNITY. A data security breach of the systems on which sensitive account information are stored could lead to fraudulent activity involving the Company's products and services, reputational damage, and claims or regulatory actions against us. THIS OFFERING CIRCULAR DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION WOULD BE UNLAWFUL. Enforcing a claim that a third party illegally obtained and is using the Company's trade secrets could be expensive and time consuming, and the outcome of such a claim is unpredictable. The Service has not yet promulgated regulations defining appropriate methods for the determination of fair market value for this purpose. There are a few things to consider before investing in Armed Forces Brewing Company. Similar to issuing a cash rebate to a customer, issuing a share-based payment to a customer can incentivize additional purchases. The effects of such a widespread infectious disease and epidemic has already caused and may continue to cause or may cause in the future, an overall decline in the U.S. and world economy as a whole. The Companys business is highly regulated by federal, state and local laws and regulations regarding such matters as licensing requirements, trade and pricing practices, labeling, advertising, promotion and marketing practices, relationships with distributors, environmental impact of operations and other matters. If a sale does occur, gain or loss realized on the sale of all or a portion of the Shares of Class C Common Stock by a Shareholder may be subject to taxation on capital gain or loss. Im proud to work with some great Americans making great American beer, said ONeill. Because these securities are being offered on a best efforts basis, the following disclosures are hereby made. Thus, there is a potential conflict in that management will participate in discussions concerning management compensation and audit issues that may affect management decisions. As a result, the Company believes it is very important to fully comply with these laws. These statements may include words such as may, could, will, should, can have, likely, assume, expect, anticipate, plan, intend, believe, predict, project, estimate, forecast, outlook, potential, or continue, or the negative of these terms, and other comparable terminology and other words and terms of similar meaning in connection with. The largest American owned brewing company is Anheuser-Busch InBev. If The Maximum Offering Is Not Raised, It May Increase The Amount Of Long-Term Debt Or The Amount Of Additional Equity It Needs To Raise. You should be aware that there is uncertainty as to whether a court would enforce this provision of the Bylaws and/or these drag along rights and take that into account before making a decision to invest in the Company. The Company Is Dependent Upon Its Management, Founders, Key Personnel and Consultants to Execute the Business Plan, And Some Of Them Will Have Concurrent Responsibilities At Other Companies. Commodity markets are volatile and unexpected changes in commodity prices can reduce the Companys profit margin and make budgeting difficult. The company donates a portion of its proceeds to organizations that support the military community, such as the Wounded Warrior Project and Operation Homefront. Agribusiness is big business. Terms Of Subsequent Financing, If Any, May Adversely Impact Your Investment. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. The term fiduciary is defined generally to include any person who exercises any authority or control over the management or disposition of plan assets. For general information on investing, we encourage you to refer to www.investor.gov. Among them are Corona, Modelo, and Pacifico. Depending on where investor resides, the Company may not be able to ship beer to the investor. The period of January 1, 2020 to December 31, 2020. The Company has entered a highly competitive industry and within this highly competitive industry are companies with established track records and substantial capital backing. None of the Securities Offered Are Being Sold By Present Security Holders. There can be no assurances that there are no significant deficiencies or material weaknesses in the quality of our financial controls. The consideration to be received by a shareholder who owns any Class C Common Stock shall be the same form and amount of consideration per share of Class C Common Stock to be received by the Drag-Along Seller for its Class A Common Stock (or, if the Drag-Along Seller is given an option as to the form and amount of consideration to be received, the same option shall be given) and the terms and conditions of the sale shall, except as otherwise provided in the immediately succeeding sentence, be the same as those upon which the Drag-Along Seller sells its Class C Common Stock. This is SteVen the author and founder of skymagzines where you get information related to Science Techonology and finance. Purchasers may be accredited investors or non-accredited investors. In the future, Armed Forces Brewing Company plans to open taprooms and breweries across the country. There can be no assurance, however, that any value so established (i) could or will actually be realized by the IRA, ERISA Plan or Keogh Plan upon sale of the Shares or upon liquidation of us, or (ii) will comply with the ERISA or Code requirements. Robert is Armed Forces Brewing Cos Military Relations Director, a member of our Board of Directors and our National Brand Ambassador. A subscription for Two Hundred Dollars ($200.00) or more in Shares may be made only by tendering to the Company an executed Subscription Agreement (Exhibit 1A-4) delivered with this Offering Circular and the subscription price in a form acceptable to the Company. In addition to the fees above, the Company shall grant to Dalmore (or their designees and assignees) cashless warrants equivalent to 3% of the number of shares of Class C common stock sold in the offering, at no cost ($0.00 per share). My dad was an officer in theAir ForceandAir National Guard, Beal said. The following chart reflects all compensation paid to each officer and director from January 1, 2020 through December 31, 2020. $12.00. For a full description of the voting rights of the Shares offered herein, please review the Certificate of Incorporation (Exhibit 1A-2A) and Bylaws (Exhibit 1A-2B). Launched in 2019, Armed Forces Brewing Company was . At present, the Company has not issued any convertible notes, but it is possible that such notes could be issued in the future. The companys investment page pledges to have at least 70% of its workforce be military veterans. Armed Forces Brewing may be based in Annapolis, Maryland, home of the U.S. The Shares that Dalmore or their assigns will receive upon exercising their warrants will be restricted securities meaning they are not fully liquid, free trading shares unless the restrictions are lifted in accordance with applicable law. As of December 31, 2020, accumulated depreciation totaled $1,808. Additionally, this concentration of ownership could discourage or prevent a potential takeover of our Company that might otherwise result in an investor receiving a premium over the market price for its Shares. INVESTORS WILL BE REQUIRED TO REPRESENT THAT THEY ARE ABLE TO BEAR THE ECONOMIC RISK OF THEIR INVESTMENT AND THAT THEY (OR THEIR PURCHASER REPRESENTATIVES) ARE FAMILIAR WITH AND UNDERSTAND THE TERMS AND RISKS OF THIS OFFERING. Smaller or early-stage companies may also prove to be significant competitors, particularly through collaborative arrangements with large, established companies. Transferees of the Shares may also be required to meet the above suitability standards or other standards applicable under federal and state securities law. The Company May Be Dependent on Key Packaging Suppliers And Packaging Costs Could Harm the Companys Financial Results. The beer industry isn't the most exciting investment theme around. America Deserves Great Beer. Unless otherwise indicated and subject to applicable community property laws, to the Companys knowledge, each shareholder named below possesses sole voting and investment power over their shares, where applicable. In June 2019, the Company launched distribution into 12. stores and taprooms in the Norfolk, Virginia Beach, and Hampton Rhodes area of Virginia through Barrel Beverage Distributors. THE COMPANY AS DESCRIBED IN THIS OFFERING CIRCULAR HAS ARBITRARILY DETERMINED THE PRICE OF SECURITIES, AND EACH PROSPECTIVE INVESTOR SHOULD MAKE AN INDEPENDENT EVALUATION OF THE FAIRNESS OF SUCH PRICE UNDER ALL THE CIRCUMSTANCES AS DESCRIBED IN THIS OFFERING CIRCULAR. There is no assurance that the maximum number of Shares in this offering will be sold. Therefore, the Company may not be able to protect the Company's existing patent, copyright, trademark and trade secret rights against unauthorized third-party use. At present, there is no active trading market for the Companys securities and the Company does not have plans at this time to file the documents and seek approval required to establish a trading market for the Shares being sold in this Offering. 2016-02, Leases, that requires organizations that lease assets, referred to as "lessees", to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases with lease terms of more than 12 months. During the period from January 1, 2018 to December 31, 2019 the Company received funding consisting of $135,916 which was used to cover the operating expenses. Despite this, should the Company provide such indemnification, it could have a material adverse effect on the Company. As of December 31, 2019, the Company did not have any material outstanding accounts receivable. Shares of stock or notes which the Company sells could be sold into any market that develops, which could adversely affect the market price. But honestly, I dont really give a shit about the commercial, and I dont think you should either. For a more detailed discussion of these and other significant risks, see RISK FACTORS in the main body of the Offering Circular. To keep up with demand, Beal and his team entered their company into Walmarts Open Call business sourcing competition, which is similar to Shark Tank. In addition, the laws of some foreign countries do not protect the Company's rights to the same extent as do the laws of the United States. For general information on investing, we encourage you to refer to www.investor.gov. There is no guarantee the Company will be able to raise such funds on acceptable terms or at all. Except with respect to Mr. Almerico, no expert named in this Offering Circular as having prepared or certified any part of this Offering Circular or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the Offering of the Shares of Class C Common Stock had, or is to receive, in connection with the offering, a substantial interest, directly or indirectly, in the Company. The Company does not expect there to be any market makers to develop a trading market in the Shares. Note that the Companys preparation of the financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of its consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Each investor should consult their tax professional prior to investing. 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