NOTE 10 - SUBSEQUENT EVENTS

On January 22, 2014, the Company and BBHCLLC closed the BB Transaction, as described in Note 1, pursuant to which BBHCLLC is now a wholly-owned subsidiary of the Company. The BB Transaction Agreement required the Company to issue 20,274,193 shares of common stock to BBHCLLC Class B Non-Voting members and 18,242,687 shares of Series A Convertible Preferred Stock to BBHC Class A Voting members. The Company also issued, in connection with the BB Transaction, an aggregate of 2,207,365 options pursuant to its 2012 Stock Option Plan as replacement options to the holders of BBHC unit options, and 1,094,561 common stock warrants as replacement warrants to the holders of warrants in BBHC units.

On January 22, 2014, the Company's shareholders approved an amendment to the Company's Articles of Incorporation setting forth the designation of Series A Convertible Preferred Stock, and approved the BB Transaction in which the Company issued 20,274,193 shares of common stock to BBHC Class B Non-Voting members and 18,242,687 shares of Series A Convertible Preferred Stock to BBHC Class A Voting members. The rights of existing holders of common stock have been materially limited with respect to voting because each outstanding share of the Series A Convertible Preferred Stock is entitled to 25 votes per share, as compared to one vote per share for the common stock. On the same date, pursuant to the closing of the BB Transaction and election of directors at the special meeting of shareholders on January 22, 2014 (the "Meeting"), the following persons were appointed as directors and officers of the Company: JW Roth, Chairman; Robert B. Mudd, President and Chief Executive Officer; Heather Atkinson, Chief Financial Officer, Secretary and Treasurer. At the Meeting, the Company's shareholders approved amendments to the Company's Articles of Incorporation. The Company filed each of the amendments to its Articles of Incorporation with the Colorado Secretary of State to effect such amendments. The amendments accomplished the following:

·	Increased the Company's authorized capital to 100,000,000 shares of common stock and 18,242,700 shares of preferred stock. This amendment was filed and effective January 22, 2014.
·	Changed the name of the Company from Smokin Concepts Development Corporation to Bourbon Brothers Holding Corporation. This amendment was filed and effective January 22, 2014.

·	Amended the purpose of the Company, as described in the Proxy Statement. This amendment was filed and effective January 22, 2014.

As of the date of the BB Transaction, the unsecured promissory note and unpaid interest totaling $258,217 between SCDC and BBHCLLC was extinguished.

On January 27, 2014, BBSK opened and is the Company's first operating Southern Kitchen restaurant in Colorado Springs, Colorado.

On March 3, 2014, the Company commenced an offering of up to 6,000,000 shares of common stock of the Company at $0.50 per share.