FIFTH SUPPLEMENTAL INDENTURE

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Exhibit 4.8

FIFTH SUPPLEMENTAL INDENTURE

DATED AS OF June 27, 2008

to

INDENTURE

dated as of June 15, 2007

among

MOLSON COORS BREWING COMPANY,

as Issuer

THE GUARANTORS NAMED THEREIN,

as Guarantors

and

DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Trustee

        FIFTH SUPPLEMENTAL INDENTURE, dated as of June 27, 2008 (this " Fifth Supplemental Indenture "), to the Indenture dated as of June 15, 2007, as supplemented by the First Supplemental Indenture thereto dated as of June 15, 2007, the Second Supplemental Indenture thereto dated as of January 31, 2008, the Third Supplemental Indenture thereto dated as of February 1, 2008, and the Fourth Supplemental Indenture dated as of May 23, 2008 (the " Original Indenture " and, together with this Fifth Supplemental Indenture, the " Indenture "), among Molson Coors Brewing Company, a Delaware corporation (the " Company "), Coors Brewing Company, a Colorado corporation, Molson Coors Capital Finance ULC, a Nova Scotia unlimited liability company, Coors Distributing Company, a Colorado corporation, Coors International Market Development, L.L.L.P., a Colorado limited liability limited partnership, Coors Global Properties, Inc., a Colorado corporation, Molson Coors International LP, a Delaware limited partnership, CBC Holdco, Inc., a Colorado corporation, MCBC International Holdco, Inc., a Colorado corporation, Molson Coors International General, ULC, a Nova Scotia unlimited liability company, Coors International Holdco, ULC, a Nova Scotia unlimited liability company, Molson Coors Callco ULC, a Nova Scotia unlimited liability company (collectively, the " Guarantors "), and Deutsche Bank Trust Company Americas, a New York banking corporation, as Trustee (the " Trustee ").

        WHEREAS, the Company, the Guarantors and the Trustee are authorized to enter into this Fifth Supplemental Indenture pursuant to Section 9.01 of the Original Indenture;

        WHEREAS, Coors Distributing Company (" CDC "), a Guarantor, has merged with and into Coors Brewing Company (" CBC "), a Guarantor, with CBC being the surviving Person; and

        WHEREAS, Section 5.01(b) of the Indenture requires that when a Guarantor merges with or into another Person, the surviving Person shall expressly assume all of the obligations of such Guarantor, if any, under its Guaranty.

        NOW, THEREFORE, THIS FIFTH SUPPLEMENTAL INDENTURE WITNESSETH:

        That the parties hereto hereby agree as follows:

        Section 1     Defined Terms; Rules of Interpretation.     Capitalized terms used herein and not otherwise defined herein shall have the respective meanings ascribed thereto in the Indenture. The rules of interpretation set forth in the Indenture shall be applied hereto as if set forth in full herein.

        Section 2     Assumption of Obligations.  &nbs