Item 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT;

Item 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.

On August 31, 2009, we amended the $4,000,000 debenture we issued to an investor on June 19, 2009, which was the subject of our Current Report on Form 8-K filed with the SEC on June 25, 2009. Pursuant to the amendment, the outstanding balance of the debenture was increased by $400,000 and the debenture will carry an interest rate of 12% per annum. Also, an affiliate of the Company pledged 1,263,235 shares of our common stock as security for our obligations under the debenture, which increased the total number of shares pledged for this purpose. In return, the investor has prepaid $200,000 of the notes it issued to the Company in partial payment for the debenture and agreed that the provisions of the debenture relating to a 10% premium and the imposition of default interest will not apply in the event a "Triggering Event", as defined in the debenture, was to occur in the future.

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Item 9.01. EXHIBITS

(c) Exhibits

4.20 First Amendment to $4,000,000 Debenture, dated August 28, 2009, issued by Drinks Americas Holdings, Ltd. to St. George Investments, LLC.

4.21 First Amendment and Jointer to Pledge Agreement, dated August 28, 2009 between Drinks Americas Holdings, Ltd., St. George Investments, LLC, and J. Patrick Kenny and certain other parties thereto.

4.22 Default Waiver to Debenture, dated June 18, 2009.