Exhibit 10.2

STOCK PLEDGE AGREEMENT

STOCK PLEDGE AGREEMENT (this “Agreement”), dated February 25th, 2005 by and
between THEODORE FARNSWORTH, an individual (the “Pledgor”); XSTREAM BEVERAGE
NETWORK, INC., a Nevada corporation (the “Company” sometimes the “Second
Pledgor”); and the Lenders identified on Schedule A hereto (each a “Pledgee”);

W I T N E S S E T H:

WHEREAS, the Company wishes to enter an arrangement in which the Pledgees shall
extend a monetary loan to the Company; and

WHEREAS, the Pledgees are making a $300,000 loan to the Company evidenced by a
18% Secured Convertible Promissory Note of even date herewith in the aggregate
principal amounts of (U.S.) $300,000 (the “Note”); and

WHEREAS, in order to induce Pledgees to accept the Note, the Pledgor and the
Company have agreed to secure all of the Company’s obligations under the Note
with the grant to the Pledgees of a first priority security interest in;

A) 100,000 shares of Common Stock of the Company which is owned of record and
beneficially by the Pledgor, under the terms and subject to the conditions of
this Agreement

B) 100,000 shares of Common Stock of the Company which is owned of record and
beneficially by the Second Pledgor, under the terms and subject to the
conditions of this Agreement; and

WHEREAS, the Pledgor is an executive officer, director and a principal
stockholder of the Company and will derive substantial benefit from the
transactions contemplated by the Note Purchase Agreement.

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein
contained, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree as
follows:

1.

Definitions.

Unless otherwise separately defined herein, all capitalized term used in this
Agreement shall have the same meaning as is defined in the Note. In addition to
those terms defined elsewhere in this Agreement, the following terms shall have
the following meanings wherever used in this Agreement:

Unless otherwise separately defined herein, the following terms shall have the
following meanings wherever used in this Agreement:

(a)

“Event of Default” shall mean the failure of the Company to pay, after any
applicable grace periods, any installment of principal or interest when due
under the Note, or other payment due under the Note.

(b)

“Obligations” shall mean all principal and interest or other payment which may
be due and payable under the Note, whether upon stated maturity, by
acceleration, or otherwise.

(c)

“Pledged Stock” shall mean 100,000 shares of the Common Stock of the Company
owned of record and beneficially by the Pledgor and 100,000 shares of the Common
Stock of the Company owned of record and beneficially by the Second Pledgor.

(d)

“Satisfaction Date” shall mean that date on which all of the Obligations have
been paid or otherwise satisfied in full.

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2.

Pledge of the Pledged Stock.

(a)

As security for the due and timely payment and performance of all of the
Obligations of the Company from time to time, the Pledgor and the Second Pledgor
hereby pledge to the Pledgee, and grants to the Pledgee a first priority lien
and security interest in, all of the Pledged Stock (as same are constituted from
time to time), together with all cash dividends, stock dividends, interest,
profits, premiums, redemptions, warrants, subscription rights, options,
substitutions, exchanges and other distributions now or hereafter made on the
Pledged Stock and all cash and non-cash proceeds thereof, until the Satisfaction
Date. The Pledged Stock and all property at any time pledged to the Pledgee
hereunder or in which the Pledgee is granted a security interest (whether
described herein or not) and all income therefrom and proceeds thereof are
herein collectively called the "Pledged Collateral".

(b)

In furtherance of the pledge hereunder, the Pledgor and the Second Pledgor
shall, within 15 days from the date hereof, deliver to the Pledgee the
certificates representing all of the Pledged Stock, each of which now remains in
the name of the Pledgors hereto and is, to the extent requested by the Pledgee,
accompanied by appropriate undated stock powers duly endorsed in blank by the
Pledgors.

(c)

If, while this Agreement is in effect, the Pledgors becomes entitled to receive
or receive any stock certificate (including, without limitation, any certificate
representing a stock dividend or a distribution in connection with any
reclassification, increase or reduction of capital or issued in connection with
any reorganization), option or rights, whether as an addition to, in
substitution of, or in exchange for, any Pledged Stock or otherwise, the Pledgor
agrees to accept the same as agent for the Pledgee, to hold the same in trust on
behalf of and for the benefit of the Pledgee, and to deliver the same forthwith
to the Pledgee in the exact form received, with the endorsement of the Pledgor
when necessary and/or appropriate undated stock or other powers duly executed in
blank, to be held by the Pledgee, subject to the terms hereof, as additional
collateral security for the Obligations. Any sums paid on or in respect of the
Pledged Stock on the liquidation or dissolution of the Pledgors shall be paid
over to the Pledgee, to be held by the Pledgee, subject to the terms and
conditions hereof, as additional collateral security for the Obligations.

3.

Retention of the Pledged Stock.

(a)

Except as otherwise provided herein, the Pledgee shall have no obligation with
respect to the Pledged Collateral, except to use reasonable care in the custody
and preservation thereof, to the extent required by law.

(b)

The Pledgee shall hold the Pledged Collateral in the form in which same are
delivered herewith, unless and until there shall occur an Event of Default.

4.

Rights of the Pledgors. Throughout the term of this Agreement, so long as no
Event of Default has occurred and is continuing, the Pledgors shall have the
right to vote the Pledged Stock in all matters presented to the stockholders of
the Pledgors for vote thereon, except in a manner inconsistent with the terms of
this Agreement or detrimental to the interests of the Pledgee.

5.

Event of Default; Power of Attorney.

(a)

Upon the occurrence and during the continuance of any Event of Default, the
Pledgee shall have the right to: (i) exercise all voting and corporate rights
of, and all rights of conversion, exchange, subscription or any other rights,
privileges or options pertaining to, any Pledged Stock as if the Pledgee were
the absolute owner thereof, including (without limitation) the right to
exchange, at its discretion, any and all of the Pledged Stock upon the merger,
consolidation, reorganization, recapitalization or other readjustment of the
Pledgors or upon the exercise by the Pledgors or the Pledgee of any right,
privilege or option pertaining to any of the Pledged Stock and, in connection
therewith, to deposit and deliver any and all of the Pledged Stock with any
committee, depository, transfer agent, registrar or other designated agency on
such terms and conditions as the Pledgee may determine, all without liability
except to account for property actually received by it; (ii) apply any funds or
other property received in respect of the Pledged Stock to the Obligations, and
receive in its own name any and all further distributions which may be paid in
respect of the Pledged Stock, all of which shall, upon receipt by the Pledgee,
be applied to the Obligations; (iii) transfer all or any portion of the Pledged
Stock (as determined by the Pledgee in its discretion) on the books of the
Pledgor to and in the name of the Pledgee or such other person or persons as the
Pledgee may designate; (iv) effect any sale, transfer or disposition of all or
any portion of the Pledged Stock and in

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furtherance thereof, take possession of and endorse any and all checks, drafts,
bills of exchange, money orders or other documents and instruments received on
account of the Pledged Stock; (v) collect, sue for and give acquittance for any
money due on account of any of the foregoing; and (vi) take any and all other
action contemplated by this Agreement, or as otherwise permitted by law, or as
the Pledgee may reasonably deem necessary or appropriate, in order to accomplish
the purposes of this Agreement.

(b)

In furtherance of the foregoing powers of the Pledgee, the Pledgors hereby
authorizes and appoints the Pledgee, with full powers of substitution, as the
true and lawful attorney-in-fact of the Pledgors, in his name, place and stead,
to take any and all such action as the Pledgee, in its sole discretion, may deem
necessary or appropriate in furtherance of the exercise of the aforesaid powers.
Such power of attorney shall be coupled with an interest, and shall be
irrevocable until the Satisfaction Date. Without limitation of the foregoing,
such power of attorney shall not in any manner be affected or impaired by reason
of any act of the Pledgor or by operation of law. Nothing herein contained,
however, shall be deemed to require or impose any duty upon the Pledgee to
exercise any of the rights or powers granted herein.

(c)

The foregoing rights and powers granted to the Pledgee, and the foregoing power
of attorney, shall be fully binding upon any person who may acquire any
beneficial interest in any of the Pledged Stock or any other property held or
received by the Pledgee hereunder.

6.

Foreclosure; Sale of Pledged Stock.

(a)

Without limitation of paragraph 5 above, in the event that the Pledgee shall
make any sale or other disposition of any or all of the Pledged Stock following
an Event of Default, the Pledgee may also:

(i)

offer and sell all or any portion of the Pledged Stock publicly through a
registered broker-dealer, or by means of a private placement restricting the
offer or sale to a limited number of prospective purchasers who meet such
suitability standards as the Pledgee and its counsel may deem appropriate, and
who may be required to represent that they are purchasing Pledged Stock for
investment and not with a view to distribution;

(ii)

purchase all or any portion of the Pledged Stock for the Pledgee’s own account
in reduction of the Obligations at a price per share not less than the closing
price of the Company’s Common Stock as traded on the OTC Bulletin Board or any
other securities exchange, as at the date the Pledgee shall elect to foreclose
on the Pledged Stock;

(iii)

sell any or all of the Pledged Stock upon credit or for future delivery, without
being in any way liable for failure of the purchaser to pay for the subject
Pledged Stock; and

(iv)

 receive and collect the net proceeds of any sale or other disposition of any
Pledged Stock, and apply same in such order and to such of the Obligations
(including the costs and expenses of the sale or disposition of the Pledged
Stock) as the Pledgee may, in its absolute discretion, deem appropriate.

(b)

Upon any sale of any of the Pledged Stock in accordance with this Agreement, the
Pledgee shall have the right to assign, transfer and deliver the subject Pledged
Stock to the purchaser(s) thereof, and each such purchaser shall be entitled to
hold such Pledged Stock absolutely free from any right or claim of the Pledgor
and/or any other person claiming any beneficial interest in the Pledged Stock,
including any equity of redemption (which right and all other such rights are
hereby waived by the Pledgor to the fullest extent permitted by law).

(c)

Following the occurrence and during the existence of an Event of Default,
Pledgor and Company will cooperate and provide such certificate, resolutions,
representations, legal opinions and all other matters necessary to facilitate a
transfer or sale of any part of the Pledged Stock pursuant to Rule 144. Pledgor
and Company are unaware of any impediment to the resale of the Pledged Stock in
reliance on Rule 144, by the Pledgee upon an Event of Default. Pledgor and
Company will take no action that would impede or limit the Pledgee’s ability to
resell all the Pledged Stock upon an Event of Default pursuant to Rule 144.
Company will not permit the transfer of any security of the Company if such
transfer would or could aggregate for purposes of Rule 144 with sales of the
Pledged Stock by the Pledgor or any sales of the Pledged Stock. Pledgor
represents and warrants that he has not sold

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any security of the Company during the ninety (90) days prior to the date of
this Agreement. The Company acknowledges that upon transfer of the Pledged Stock
to the Pledgee or other transferee, the Pledgee’s holding period under
subsection of Rule 144 may be “tacked” with the Pledgor’s holding period.
Pledgor and Company further represent that the Notes were issued in a bona fide
loan transaction.

(d)

Anything to the contrary herein notwithstanding, the Pledged Stock may be
released after the occurrence of an Event of Default, directly to the Pledgee,
at Pledgee’s election, at any time after written notice to the Company and
Pledgors of the occurrence of an Event of Default hereunder (“Notice of
Default”), and expiration of cure periods, if any. The Pledgee shall notify the
Company and Pledgor of any release of the Pledged Stock in writing five business
days after such release. The attributed value of the Pledged Stock to be
released pursuant to the foregoing shall be equal to the Conversion Price (as
defined in the Note) in effect on the date Notice of Default is given to the
Pledgee. The Notice of Default must include a statement supporting the
determination of the Conversion Price being employed.

(e)

Nothing herein contained shall be deemed to require the Pledgee to effect any
sale or disposition of any Pledged Stock at any time, or to consummate any
proposed public or private sale at the time and place at which same was
initially called. It is the intention of the parties hereto that the Pledgee
shall, subject to any further conditions imposed by this Agreement, at all times
following the occurrence of an Event of Default, have the right to use or deal
with the Pledged Stock as if the Pledgee were the outright owner thereof, and to
exercise any and all rights and remedies, as a secured party in possession of
collateral or otherwise, under any and all provisions of law.

7.

Covenants, Representations and Warranties.

In connection with the transactions contemplated by this Agreement, and knowing
that the Pledgee is and shall be relying hereon, the Pledgor hereby covenants,
represents and warrants that:

(a)

the Pledged Stock have been and will be duly and validly issued, are and will be
fully paid and non-assessable, and are and will be owned by the Pledgor free and
clear of any and all restrictions, pledges, liens, encumbrances or other
security interests of any kind, save and except for the pledge to the Pledgee
pursuant to this Agreement;

(b)

there are and will be no options, warrants or other rights in respect of the
sale, transfer or other disposition of any of the Pledged Stock by the Pledgors,
and the Pledgors have the absolute right to pledge the Pledged Stock hereunder
without the necessity of any consent of any Person;

(c)

neither the execution or delivery of this Agreement, nor the consummation of the
transactions contemplated hereby, nor the compliance with or performance of this
Agreement by the Pledgors, conflicts with or will result in the breach or
violation of or a default under the terms, conditions or provisions of (i) any
mortgage, security agreement, indenture, evidence of indebtedness, loan or
financing agreement, or other agreement or instrument to which the Pledgors are
a party or by which the Pledgor is bound, or (ii) any provision of law, any
order of any court or administrative agency, or any rule or regulation
applicable to the Pledgors;

(d)

this Agreement has been duly executed and delivered by the Pledgors, and
constitutes the legal, valid and binding obligation of the Pledgor, enforceable
against the Pledgors in accordance with its terms; and

(e)

there are no actions, suits or proceedings pending or threatened against or
affecting the Pledgors that involve or relate to the Pledged Collateral.

8.

Company Right to Substitute Collateral. Notwithstanding anything to contrary,
express or implied, contained in this Agreement, the Company shall have the
right at any time before occurrence of an Event of Default during the term of
this Agreement and prior to the Satisfaction Date to deliver to the Pledgee, in
lieu of the Pledged Securities deposited by the Pledgors, an aggregate of
100,000 shares of Company Common Stock which shall have been registered in the
name of the Pledgee and which have been registered for resale under the United
States Securities Act of 1933, as amended, pursuant to a registration statement
on Form SB-2 (or other applicable form of registration) which has been declared
effective by the United States Securities and Exchange Commission. In the event
that the Company shall substitute such fully registered shares of its Common
Stock as collateral under this

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Agreement, such shares shall, for all purposes hereunder, be deemed to be the
“Pledged Stock” and all Pledged Securities previously delivered hereunder and
registered in the name of the Pledgors shall forthwith be returned by the
Pledgee to the Pledgors.

9.

Return of the Pledged Stock. To the extent that the Pledgee shall not previously
have taken, acquired, sold, transferred, disposed of or otherwise realized value
on the Pledged Collateral in accordance with this Agreement, at the Satisfaction
Date, any security interest in the Pledged Collateral shall automatically
terminate, cease to exist and be released, and the Pledgee shall forthwith
return the Pledged Collateral to and in the name of the Pledgor.

10.

Further Assurances. From time to time hereafter, each party shall take any and
all such further action, and shall execute and deliver any and all such further
documents and/or instruments, as any other party may request in order to
accomplish the purposes of and fulfill the parties’ obligations under this
Agreement, in order to enable the Pledgee to exercise any of its rights
hereunder, and/or in order to secure more fully the Pledgee’s interest in the
Pledged Collateral.

11.

Action by the Majority in Interest.

(a)

Certain Actions. Each of the Lenders covenants and agrees that only a Majority
in Interest shall have the right, but not the obligation, to undertake the
following actions (it being expressly understood that less than a Majority in
Interest hereby expressly waive the following rights that they may otherwise
have under the Transaction Documents:

(i)

Acceleration. If an Event of Default occurs, after the applicable cure period,
if any, a Majority in Interest may, on behalf of all the Lenders, provide to
Debtor notice to cure such default and/or declare the unpaid principal amount of
the Notes to be due and payable, together with any and all accrued interest
thereon and all costs payable pursuant to such Notes;

(ii)

Enforcement. Upon the occurrence of any Event of Default after the applicable
cure period, if any, a Majority in Interest may proceed to protect, exercise and
enforce, on behalf of all the Lenders, their rights and remedies under the
Transaction Documents against Debtor, and such other rights and remedies as are
provided by law or equity;

(iii)

Waiver of Past Defaults. A Majority in Interest may waive any Event of Default
by written notice to Debtor, and the other Lenders; and

(iv)

Amendment. A Majority in Interest may waive, amend, supplement or modify any
term, condition or other provision in the Notes or Transaction Documents in
accordance with the terms of the Notes or Transaction Documents so long as such
waiver, amendment, supplement or modification is made with respect to all of the
Notes and with the same force and effect with respect to each of the Lenders.

(b)

Permitted Subordination. A Majority in Interest may agree to subordinate any
Collateral to any claim and may enter into any agreement with Debtor to evidence
such subordination; provided, however, that subsequent to any such
subordination, each Note shall remain pari passu with the other Notes held by
the Lenders.

(c)

Further Actions. A Majority in Interest may take any action that it may take
under this Agreement on behalf of all the Lenders.

(d)

Majority in Interest. For so long as any obligations remain outstanding on the
Notes, Majority in Interest shall mean Lenders who hold not less than sixty-five
percent (65%) of the outstanding principal amount of the Notes.

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12.

Miscellaneous.

(a)

Any notices or consents required or permitted under this Agreement shall be in
writing and shall be deemed given as, when and in the manner provided in the
Note Purchase Agreement. The address and telecopier notice for Pledgor are: c/o
Xstream Beverage Network, Inc., 4800A N.W. 15th Avenue, Ft. Lauderdale, FL
33309, telecopier number: (954) 598-7996.

(b)

The laws of the State of New York shall govern the construction and enforcement
of this Agreement and the rights and remedies of the parties hereto. The parties
hereby consent to the exclusive jurisdiction of all courts sitting in the State
and County of New York, in connection with any action or proceeding under or
relating to this Agreement, and waive trial by jury in any such action or
proceeding.

(c)

This Agreement shall be binding upon and shall inure to the benefit of the
parties hereto and their respective heirs, executors, administrators, personal
representatives, successors and permitted assigns. The Pledgors shall not,
however, assign any of its or his rights or obligations hereunder without the
prior written consent of the Pledgee, and the Pledgee shall not assign its
rights hereunder without simultaneously assigning its obligations hereunder to
the subject assignee. Except as otherwise referred to herein, this Agreement,
and the documents executed and delivered pursuant hereto, constitute the entire
agreement between the parties relating to the specific subject matter hereof.

(d)

Neither any course of dealing between the Pledgors and the Pledgee nor any
failure to exercise, or any delay in exercising, on the part of the Pledgee, any
right, power or privilege hereunder shall operate as a waiver thereof; nor shall
any single or partial exercise of any right, power or privilege operate as a
waiver of any other exercise of such right, power or privilege or any other
right, power or privilege.

(e)

The Pledgee’s rights and remedies, whether hereunder or pursuant to any other
agreements or by law or in equity, shall be cumulative and may be exercised
singly or concurrently.

(f)

No change, amendment, modification, waiver, assignment of rights or obligations,
cancellation or discharge hereof, or of any part hereof, shall be valid unless
the Pledgee shall have consented thereto in writing.

(g)

The captions and paragraph headings in this Agreement are for convenience of
reference only, and shall not in any way define, limit or describe the
construction, terms or provisions of this Agreement.

(h)

If any provision of this Agreement is held invalid or unenforceable, either in
its entirety or by virtue of its scope or application to given circumstances,
such provision shall thereupon be deemed modified only to the extent necessary
to render same valid, or not applicable to given circumstances, or excised from
this Agreement, as the situation may require, and this Agreement shall be
construed and enforced as if such provision had been included herein as so
modified in scope or application, or had not been included herein, as the case
may be.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of
the date first set forth above.

  

Second Pledgor

      

XSTREAM BEVERAGE NETWORK, INC.

          

By: /s/ Theodore Farnsworth

  

Name: Theodore Farnsworth

  

Title: Chairman

          

Pledgor:

      

/s/ Theodore Farnsworth

  

THEODORE FARNSWORTH

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