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Exhibit 4.5    
    


        THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE AND IS REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. 



        UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE CANADIAN DEPOSITORY FOR SECURITIES LIMITED ("CDS") TO THE COMPANY OR THE TRUSTEE FOR REGISTRATION OF TRANSFER,
EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IN RESPECT THEREOF IS REGISTERED IN THE NAME OF CDS & CO., OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CDS (AND ANY
PAYMENT IS MADE TO CDS & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF CDS), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL INASMUCH AS THE REGISTERED HOLDER HEREOF, CDS & CO., HAS AN INTEREST HEREIN. 



        THIS
SECURITY (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933 (THE "SECURITIES ACT"), AND THIS
SECURITY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS SECURITY IS HEREBY NOTIFIED THAT THE SELLER
OF THIS SECURITY MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT. 


        UNLESS
PERMITTED UNDER CANADIAN SECURITIES LEGISLATION, THE SECURITIES REPRESENTED HEREBY SHALL NOT BE TRADED ON OR BEFORE THE DATE THAT IS FOUR 4 MONTHS AND A DAY AFTER THE LATER OF
(I) SEPTEMBER 22, 2005 AND (II) THE DATE THE COMPANY BECAME A REPORTING ISSUER IN ANY CANADIAN PROVINCE OR TERRITORY. 









	CUSIP No.	60871NAA7	 	ISIN No.	CA 60871NAA78
	 	
	 	 	






	

No. R-	

001	
 	

Cdn.$	

900,000,000
	 	
	 	 	





5.00% Notes due 2015 


        Molson
Coors Capital Finance ULC, a Nova Scotia unlimited liability company, promises to pay to CDS & CO., or registered assigns, the principal sum of up to Cdn.$900,000,000 on
September 22, 2015 as more particularly specified on the Schedule of Increases or Decreases in Global Security, attached hereto. 


        Interest
Payment Dates: March 22 and September 22, commencing March 22, 2006. 



        Record
Dates: March 1 and September 1. 


        Additional
provisions of this Security are set forth on the other side of this Security. 


        Additional
provisions of this Security are set forth on the attached "Terms of Notes". 


Dated:
September 22, 2005 



	 	MOLSON COORS CAPITAL FINANCE ULC
	

 	

By:	

/s/  ANNITA M. MENOGAN      
 Name:  Annita M. Menogan

Title:    Secretary










TRUSTEE'S
CERTIFICATE OF

AUTHENTICATION 


THE
CANADA TRUST COMPANY,

    as Trustee, certifies

        that this is one of

        the Securities referred

        to in the Indenture. 



	By:	/s/  KATHY THORPE      
 Authorized Signatory	 
	

By:	

/s/  SUSAN KHOKHER      
 Authorized Signatory	

 










   TERMS OF NOTES  


 5.00% Senior Note due 2015  


1.    Interest    



        Molson
Coors Capital Finance ULC, a Nova Scotia unlimited liability company (such company, and its successors and assigns under the Indenture hereinafter referred to, being herein called
the "Company"), promises to pay interest on the principal amount of this Canadian Denominated Security at the rate per annum shown above;  provided,
however, that if certain default events provided for in Section 2(d) of the Exchange
Offer Agreement ("Qualification Defaults") occur, Additional Interest (as defined in the Exchange Offer Agreement) will accrue on this Canadian
Denominated Security at a rate of 0.25% per annum from and including the date on which any such Qualification Default shall occur to but excluding the date on which all such Qualification Defaults
have been cured. The Company will pay interest, in arrears, in equal semi-annual payments on March 22 and September 22 of each year, commencing March 22, 2006.
Interest on the Canadian Denominated Securities will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the date of issuance of such Canadian
Denominated Securities. The amount of Additional Interest payable for any period other than a regular interest payment period will be determined by multiplying the above Additional Interest rate, by
the principal amount of the Canadian Denominated Securities and then multiplying the product by a fraction, the numerator of which is the number of days that the Additional Interest rate was
applicable during such period and the denominator of which is the actual number of days in the applicable year. The Company will pay interest on overdue principal at the above rate and will pay
interest on overdue installments of interest at such rate to the extent lawful. Interest, including Additional Interest, shall be calculated on the basis of the actual number of days in the applicable
year. 


2.    Method of Payment    


        The
Company will pay interest on the Canadian Denominated Securities (except defaulted interest) to the Persons who are registered holders of Canadian Denominated Securities at the close
of business on the March 1 or September 1 immediately preceding the interest payment date even if Canadian Denominated Securities are cancelled after the record date and on or before the
interest payment date.
Holders must surrender Canadian Denominated Securities to a Paying Agent to collect principal payments. The Company will pay principal and interest in money of Canada that at the time of payment is
legal tender for payment of public and private debts. Payments in respect of the Canadian Denominated Securities represented by a Global Security (including principal, premium, if any, and interest)
will be made by wire transfer of immediately available funds to the accounts specified by The Canadian Depository for Securities Limited. The Company will make all payments in respect of a
certificated Canadian Denominated Security (including principal, premium, if any, and interest) by mailing a check to the registered address of each Holder thereof;  provided, however, that payments on a certificated Canadian Denominated Security will be made by wire
transfer to a Canadian Dollar account maintained by the payee with a bank in Canada if such Holder elects payment by wire transfer by giving written notice to the Canadian Trustee or the Paying Agent
to such effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date as the Canadian Trustee may accept in its discretion). 


3.    Paying Agent and Registrar    


        Initially,
The Canada Trust Company, a trust company duly amalgamated and existing under the laws of Canada (the "Canadian Trustee"), will
act as Paying Agent and Registrar. The Company may appoint and change any Paying Agent, Registrar or co-registrar without notice. The Company, the Parent or any of Parent's Subsidiaries
may act as Paying Agent, Registrar or co-registrar. 


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4.    Indenture    


        The
Company issued the Notes under an Indenture dated as of September 22, 2005 (as supplemented by (1) the First Supplemental Indenture dated as of September 22,
2005 (the "First Supplemental Indenture") by and among the Company, the Parent, the Subsidiary Guarantors, the U.S. Trustee and the Agent Trustee and
(2) the Second Supplemental Indenture dated as of September 22, 2005 (the "Second Supplemental Indenture") by and among the Company, the
Parent, each of the Subsidiary Guarantors and the Canadian Trustee), the "Indenture"), among the Company, the Parent, the Subsidiary Guarantors and the
Trustees (each, as defined therein). The terms of the Canadian Denominated Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act
of 1939 (15 U.S.C. §§ 77aaa-77bbbb) as in effect on the date of the Indenture (the "Act"). Terms defined in
the Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Canadian Denominated Securities are subject to all such terms, and Holders of Canadian Denominated
Securities are referred to the Indenture and the Act for a statement of those terms. To the extent the terms of this Canadian Denominated Security and those of the Indenture may conflict, the
Indenture shall control. 


        The
Canadian Denominated Securities are general unsecured obligations of the Company. The Company shall be entitled to issue Additional Securities pursuant to Section 2.04 of the
Second Supplemental Indenture. The Initial Canadian Denominated Securities issued on the Issue Date, any Additional Securities and all Exchange Securities issued in exchange therefor will be treated
as a single Tranche for all purposes under the Indenture. The Indenture contains covenants that limit the ability of the Company and its subsidiaries to incur additional secured indebtedness and to
enter into sale and leaseback transactions. These covenants are subject to important exceptions and qualifications. 


5.    Optional Redemption    


        The
Canadian Denominated Securities will be redeemable as a whole at any time or in part from time to time, at the option of the Company, at a redemption price equal to the greater of
(i) 100% of the principal amount of such Canadian Denominated Securities then outstanding or (ii) the Canada Yield Price; plus, in either case, accrued and unpaid interest on the
principal amount being redeemed to the redemption date. 


        Upon
the occurrence of a Tax Redemption Event, the Company may redeem the Canadian Denominated Securities at any time, in whole but not in part, at a redemption price equal to the
principal amount of the outstanding Canadian Denominated Securities, plus accrued and unpaid interest on the principal amount of the Canadian Denominated Securities being redeemed to, but excluding,
the redemption date, by delivering to the Canadian Trustee at least 30 days, but not more than 60 days, prior to the date fixed for such redemption, a certificate, signed by an
authorized Officer, stating that the Company is entitled to redeem such Canadian Denominated Securities pursuant to the Indenture and specifying the date fixed for such redemption. 


6.    Notice of Redemption    


        Notice
of redemption will be mailed at least 30 days but not more than 60 days before the redemption date to each Holder of Canadian Denominated Securities to be redeemed
at his registered address. Other than with respect to a redemption resulting from the occurrence of a Tax Redemption Event, Canadian Denominated Securities in denominations larger than Cdn.$1,000
principal amount may be redeemed in part but only in whole multiples of Cdn.$1,000. If money sufficient to pay the redemption price of and accrued interest on all Canadian Denominated Securities (or
portions thereof) to be redeemed on the redemption date is deposited with the Paying Agent on or before the redemption date and certain other conditions are satisfied, on and after such date interest
ceases to accrue on such Canadian Denominated Securities (or such portions thereof) called for redemption. 


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7.    Guaranty    



        The
payment by the Company of the principal of, and premium and interest on, the Canadian Denominated Securities is fully and unconditionally guaranteed on a joint and several senior
basis by the Parent and each of the Subsidiary Guarantors. 


8.    Denominations; Transfer; Exchange    


        The
Canadian Denominated Securities are in registered form without coupons in denominations of Cdn.$1,000 principal amount and whole multiples of Cdn.$l,000. A Holder may transfer or
exchange Canadian Denominated Securities in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and to pay
any taxes and fees required by law or permitted by the Indenture. The Registrar need not register the transfer or exchange of any Canadian Denominated Securities selected for redemption (except, in
the case of a Security to be redeemed in part, the portion of the Security not to be redeemed) or any Canadian Denominated Securities for a period of 15 days before a selection of Canadian
Denominated Securities to be redeemed. 


9.    Persons Deemed Owners    


        The
registered Holder of this Canadian Denominated Security may be treated as the legal owner of it for all purposes. 


10.    Unclaimed Money    



        If
money for the payment of principal or interest remains unclaimed for two years, the Canadian Trustee or Paying Agent shall pay the money back to the Company at its request unless an
abandoned property law designates another Person. After any such payment, Holders entitled to the money must look only to the Company or such other Person and not to the Canadian Trustee for payment. 


11.    Discharge and Defeasance    


        Subject
to certain conditions, the Company at any time shall be discharged from all of its obligations under the Canadian Denominated Securities and the Indenture if the Company deposits
with the
Canadian Trustee money or Canada Government Obligations for the payment of principal and interest on the Canadian Denominated Securities to redemption or maturity, as the case may be. 


12.    Amendment, Waiver    


        Subject
to certain exceptions set forth in the Indenture, (i) the Indenture and the Notes may be amended or supplemented with the written consent of the Holders of at least a
majority in principal amount outstanding of the Notes and (ii) any default or noncompliance with any provision may be waived with the written consent of the Holders of a majority in principal
amount outstanding of the Notes. Subject to certain exceptions set forth in the Indenture, without the consent of any Securityholder, the Company, the Guarantors and the Trustees shall be entitled to
amend the Indenture or the Notes to cure any ambiguity, omission, defect or inconsistency, or to comply with Article 5 of the Indenture, or to provide for uncertificated Notes in addition to or
in place of certificated Notes, or to add guaranties with respect to the Notes, including the Parent Guaranty and the Subsidiary Guaranties, or to secure the Notes, or to add additional covenants or
events of default or to surrender rights and powers conferred on the Company or the Guarantors, or to comply with any request of the SEC in connection with qualifying the Indenture under the Act, or
to make any change that does not adversely affect the rights of any Securityholder, or to add to, change, or eliminate any of the provisions of the Indenture with respect to one or more Series of
Securities issued subsequent to such amendment or supplement, or to evidence and provide for the acceptance of appointment by a successor or separate Trustee with respect to the Securities of one or
more Series and to add to or change any of the provisions of the Indenture necessary or desirable to provide for or facilitate the 


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administration
of the Indenture by more than one Trustee, or to establish the form or terms of Securities and coupons of any Series and to change the procedures for transferring and exchanging
Securities of any Series so long as such change does not, subject to applicable law, adversely affect the Securityholders. 


13.    Defaults and Remedies    


        Under
the Indenture, Events of Default include (i) default for 30 days in payment of interest on the Securities; (ii) default in payment of principal (or premium, if
any) on the Securities when due; (iii) failure by the Company or any Guarantor to comply with other covenants in the Indenture or the Securities, in certain cases subject to notice and lapse of
time; (iv) the acceleration of certain types of debt of the Parent, the Company, the Subsidiary Guarantors or any of the Significant Subsidiaries in a principal amount exceeding U.S.$50,000,000
as a result of the failure of the Parent, the Company, or such subsidiary to perform any covenant or agreement applicable to such debt which acceleration is not rescinded or annulled within a certain
time period; and (v) certain events of bankruptcy or insolvency with respect to the Company or the Parent Guarantor as set forth in the Indenture. If an Event of Default occurs and is
continuing, the Trustees or the Holders of Securities may declare all such Securities to be due and payable immediately as provided for and subject to the terms and provisions of the Indenture. 


        Securityholders
may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustees may refuse to enforce the Indenture or the Securities unless it receives
indemnity or security satisfactory to it. Subject to certain limitations provided for in the Indenture, Holders of Securities may direct the Trustees in their exercise of any trust or power. 


14.    Trustees Dealings with the Company    


        Subject
to certain limitations imposed by the Act and applicable Canadian corporate laws, each Trustee under the Indenture, in its individual or any other capacity, may become the owner
or pledgee of Securities and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights
it would have if it were not a Trustee. 


15.    No Recourse Against Others    


        A
director, officer, employee or stockholder, as such, of the Company or any Trustee (and any employee of The Toronto-Dominion Bank acting in its capacity as representative of the
initial Canadian Trustee) shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such
obligations or their creation. By accepting a Security, each Securityholder waives and releases all such liability. The waiver and release are part of the consideration for the issue of the
Securities. 


16.    Authentication    


        This
Canadian Denominated Security shall not be valid until an authorized signatory of the Canadian Trustee (or an authenticating agent) manually signs the certificate of authentication
on the other side of this Canadian Denominated Security. 


17.    Abbreviations    


        Customary
abbreviations may be used in the name of a Securityholder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants
with rights of survivorship and not as tenants in common), CUST (=custodian), and U/G/M/A (=Uniform Gift to Minors Act). 


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18.    CUSIP Numbers    


        Pursuant
to a recommendation promulgated by the Committee on Uniform Security Identification Procedures the Company has caused CUSIP numbers to be printed on the Securities and has
directed the Trustees to use CUSIP numbers in notices of redemption as a convenience to Securityholders. No representation is made as to the accuracy of such numbers either as printed on the
Securities or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 


19.    Holders' Compliance with Exchange Offer Agreement    


        Each
Holder of a Canadian Denominated Security, by acceptance hereof, acknowledges and agrees to the provisions of the Exchange Offer Agreement, including the obligations of the Holders
with respect to a qualification of Securities thereunder and the indemnification of the Company to the extent provided therein. 


20.    Governing Law    


        THIS
SECURITY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE
EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 


        The
Company will furnish to any Securityholder upon written request and without charge to the Securityholder a copy of the Indenture. Requests may be made to: 



        if
to the Company or any Guarantor: 




Molson
Coors Brewing Company

311 10th Street

Golden, Colorado 80401-0030

Attention: Chief Legal Officer 





        if
to the Canadian Trustee: 




The
Canada Trust Company

TD Waterhouse Tower

79 Wellington Street West

8th Floor

Toronto, Ontario M5K 1A2 


Att:
Assistant Vice President

        Corporate Trust Services 





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ASSIGNMENT FORM  


To
assign this Security, fill in the form below: 


I
or we assign and transfer this Security to 




(Print
or type assignee's name, address and postal code) 


(Insert
assignee's S.I.N. or tax I.D. No.) 





and
irrevocably appoint                                    agent to
transfer this Security on the books of the Company. The agent may substitute another to act for him.
 



	

	

Date:	

 	
 	

Your Signature:	

 
	 	
	 	 	

	 	 	 	 	 
	

	Sign exactly as your name appears on the other side of this Security.





	

 	
 	

Signature Guarantee:	
 	

 
	

 	
 	

	
 	


	 	 	Signature must be guaranteed	 	Signature





        Signatures
must be guaranteed by an "eligible institution" meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer
Agent Medallion Program ("STAMP") or such other "signature guarantee program" as may be determined by the Registrar in addition to, or in substitution for, STAMP. 


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SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY  


        The following increases or decreases in this Global Security have been made: 



	Date of Exchange
 
	 	Amount of decrease in

Principal amount of

this Global Security
	 	Amount of increase in

Principal amount of

this Global Security
	 	Principal amount of this

Global Security following

such decrease or increase
	 	Signature of authorized

officer of Canadian

Trustee or Securities

Custodian

	 	 	 	 	 	 	 	 	 




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Exhibit 4.5