Document:

Consulting Agr

    Exhibit
      10.44

    

      CONSULTING
        AGREEMENT 

      

      THIS
        CONSULTING AGREEMENT (this “Agreement”)
        is entered into as of June 29, 2007 between BPO Management Services,
        Inc., a Delaware corporation (the “Company”
        or “BPOMS”),
        and Donald C. Helt (“Helt”),
        an individual.

      

      RECITALS

       

      

      A. BPOMS
        and Helt are parties to that certain Stock Purchase Agreement dated as of
        the
        date hereof (the “Stock
        Purchase Agreement”),
        with respect to the stock of Human Resources Micro-Systems, Inc. (“HRMS”).
        

       

      B. The
        Stock Purchase Agreement provides that Helt shall provide consulting services
        to
        BPOMS in accordance with the terms herein. 

       

      C. The
        parties hereto intend that this Agreement shall be effective upon the Closing
        Date as defined in the Stock Purchase Agreement (the “Effective
        Date”).

       

      AGREEMENT

      

      NOW,
        THEREFORE, in consideration of the foregoing premises, the following mutual
        covenants and agreements contained herein and other good and valuable
        consideration, the receipt and sufficiency of which are hereby acknowledged
        by
        each of the parties hereto, the parties hereto agree, intending to be legally
        bound, as follows:

      

      1. The
        term (the “Term”)
        of this Agreement shall commence on the Closing Date as defined in the Stock
        Purchase Agreement and ending 12 months thereafter (the “Termination
        Date”).
        Either party hereto shall have the right to terminate this Agreement without
        notice in the event of the death, bankruptcy, insolvency, or assignment for
        the
        benefit of creditors of the other party. Helt shall have the right to terminate
        this Agreement if Company fails to comply with any of the material terms
        of this
        Agreement, including without limitation its responsibilities for fees as
        set
        forth in this Agreement, and such failure continues unremedied for a period
        of
        thirty (30) days after written notice to the Company by Helt. The Company
        shall
        have the right to terminate this Agreement upon delivery to Helt of notice
        setting forth with specificity facts comprising a material breach of this
        Agreement by Helt. Helt shall have thirty (30) days to remedy such breach.
        

      

      2. Commencing
        on the Effective Date, Helt shall perform for BPOMS the services described
        on
Exhibit
        A attached
        hereto (collectively, the “Services”),
        reporting to and solely as requested by Tom Lucas (the “Supervisor”)
        or his designee, and solely during regular business hours. Helt will not
        be
        required to perform Services hereunder more than 32 hours
        per week. However, the parties anticipate that, after the first 2 months
        of the
        Term, BPOMS’ need for Helt’s performance of Services will not exceed “half-time”
(or 16 hours per week), and that after the next 2 months of the Term, BPOMS’
need for Helt’s performance of Services will be no more than 5 hours per week;
        if BPOMS’ need for Helt’s performance of Services increases substantially, the
        parties will confer and negotiate in good faith with respect to appropriate
        modifications to the terms and conditions of this Agreement. Helt will perform
        most of the Services in accordance with this Agreement at the Company’s offices
        located at 142 Sansome Street, 4th
        Floor, San Francisco, CA 94104, or 44
        Montgomery Street, Suite 1920, San Francisco, CA 94104, by telephone or at
        such
        other place(s) as are reasonably necessary to perform the Services in accordance
        with this Agreement. If travel by Helt is required for purposes of performing
        the Services, Helt shall not be required to travel outside the San Francisco
        Bay
        Area without his voluntary consent, which will not be unreasonably
        withheld.

       

      
        
           

        

        
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      3. Helt
        shall be paid a fee for performance of the Services herein during the Term
        in
        the amount of $7,500.00 per month, payable on a monthly basis in advance,
        no
        later than the first day of each month. In addition, BPOMS shall reimburse
        Helt
        promptly for reasonable out-of-pocket expenses incurred in connection with
        Services rendered under this Agreement.

      

      4. Helt
        shall bear any taxes arising from the Company’s payment to him of the fees
        hereunder. Helt
        shall indemnify BPOMS for any taxes, penalties or interest incurred by BPOMS
        due
        to Helt’s failure to pay taxes described in the immediately preceding sentence.

      

      5. Both
        Company and Helt agree that Helt will act as an independent contractor in
        the
        performance of his duties under this Agreement. Nothing contained in this
        Agreement shall be construed to imply that Helt, or any employee, agent or
        other
        authorized representative of Helt, is a partner, joint venturer, agent, officer
        or employee of Company. The Company shall indemnify and hold Helt harmless
        from
        and against any and all claims, assignments, liabilities, damages, losses,
        obligations, judgments and expenses (including reasonable attorneys’ fees and
        expert fees) relating to, resulting from or arising out of Helt’s performance of
        the Services unless due to Helt’s gross negligence or willful
        misconduct.

      

      6. MISCELLANEOUS.

       

      a. No
        waiver or modification of this Agreement shall be binding unless it is in
        writing signed by the parties hereto. No waiver of a breach hereof shall
        be
        deemed to constitute a waiver of a future breach, whether of a similar or
        dissimilar nature.

       

      b. The
        rights (but not the obligations) of BPOMS under this Agreement may, without
        requiring the consent of Helt, be assigned by BPOMS to any transferee, whether
        by purchase, merger or otherwise, that directly or indirectly acquires all
        or
        substantially all of the assets of BPOMS. Helt may not assign any rights
        herein
        to any transferee.

       

      c. All
        notices and other communications required or permitted under this Agreement
        shall be in writing, served personally on, or mailed by certified or registered
        United States mail to, the party to be charged with receipt thereof. Notices
        and
        other communications served by mail shall be deemed given hereunder 72 hours
        after deposit of such notice or communication in the United States Post Office
        as certified or registered mail with postage prepaid and duly addressed to
        whom
        such notice or communication is to be given at the addresses provided for
        in the
        notice section of the Stock Purchase Agreement. Any such party may change
        said
        party’s address for purposes of this Section 6.c. by giving to the party
        intended to be bound thereby, in the manner provided herein, a written notice
        of
        such change.

       

      
        
           

        

        
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      d. This
        Agreement may be executed by facsimile and in one or more counterparts, each
        of
        which shall be deemed an original, but all of which together shall constitute
        one and the same Agreement.

       

      e. This
        Agreement shall be construed in accordance with, and governed by, the laws
        of
        the State of California applicable to agreements executed and to be performed
        in
        California by California residents. The exclusive venue for any legal proceeding
        with respect to this Agreement shall be San Francisco County,
        California.

       

      f. This
        Agreement contains the entire agreement between the parties hereto with respect
        to the subject matter of this Agreement and supersedes all previous oral
        and
        written and all contemporaneous oral negotiations, commitments, writings,
        and
        understandings. 

       

      g. If
        any provision of this Agreement or application thereof to anyone or under
        any
        circumstances is adjudicated to be invalid or unenforceable in any jurisdiction,
        such invalidity or unenforceability shall not affect any other provisions
        or
        applications of this Agreement that can be given effect without the invalid
        or
        unenforceable provision or application and shall not invalidate or render
        unenforceable such provision in any other jurisdiction or under any other
        circumstance.

       

      h. Time
        is of the essence with respect to the performance of each term of this
        Agreement.

       

      i. If
        any legal action, arbitration or other proceeding is brought for the enforcement
        of this Agreement, or because of any alleged dispute, breach, default or
        misrepresentation in connection with this Agreement, the successful or
        prevailing party shall be entitled to recover reasonable attorneys’ fees and
        other costs it incurred in that action or proceeding, in addition to any
        other
        relief to which it may be entitled.

       

      j. This
        Agreement shall be binding upon and inure to the benefit of the parties hereto;
        provided, however, Helt may not assign any of his obligations under this
        Agreement.

       

      7. CONFIDENTIAL
        INFORMATION. Helt agrees as follows:

       

      7.1 Nondisclosure
        and Nonuse of Confidential Information.
        Helt acknowledges that BPOMS and its Affiliates continually develop Confidential
        Information (as defined in Section 7.4 herein), that Helt may develop
        Confidential Information for BPOMS or its Affiliates and that Helt may learn
        of
        Confidential Information during the course of services rendered to BPOMS
        or its
        Affiliates. Helt will comply with BPOMS’s policies and procedures for protecting
        Confidential Information and, except as required by the nature of his du-ties,
        Helt will never, directly or indirectly, use or dis-close any Confi-dential
        Information without the prior written consent of the Supervisor. Helt
        understands that this restriction will continue to apply after the termination
        of this Agreement.

       

      7.2 Use
        and Return of Property and Documents.
        Helt will protect the integrity of Confidential Information and keep
        confidential all documents, customer lists, records of research, proposals,
        reports, memoranda, computer software and programming, financial information,
        and other materials (“Documents”)
        including any copies thereof, in which Confidential Information may be
        contained. Helt will not copy any Documents except as reasonably required
        by the
        nature of the services rendered under this Agreement. Helt will not remove
        any
        Documents or copies from BPOMS’s or its Affiliates’ premises except as
        reasonably required by the nature of the services rendered under this Agreement
        or if authorized by the Supervisor. Upon BPOMS’ written request, Helt will
        return to BPOMS immediately after the termination of this Agreement all
        Documents and copies and any other property of BPOMS or its Affiliates then
        in
        Helt’s possession or control.

       

      
        
           

        

        
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      7.3 Assignments
        of Rights.
        Helt will promptly and fully disclose all Company Property (as defined in
        Section 7.4) to BPOMS. Helt hereby assigns and agrees to assign to BPOMS
        (or as
        otherwise directed by BPOMS) Helt’s full right, title and interest to all
        Company Property. Helt agrees to execute any and all applications for domestic
        and foreign patents, copyrights or other proprietary rights and do such other
        acts (including, among others, the execution and delivery of instru-ments
        of
        further assurance or confirmation) requested by BPOMS to assign the Company
        Property to BPOMS and to permit BPOMS to enforce any patents, copy-rights
        or
        other proprietary rights in the Company Property. All copyrightable works
        that
        qualify as Company Property shall be considered “works made for
        hire.”

       

      7.4 Definitions:
        For the purposes of this Agree-ment, the following definitions shall
        apply:

       

      “Affiliate”
        has
        the meaning set forth in Rule 12b-2 of the regulations promulgated under
        the
        Securities Exchange Act.

      

      “Company
        Property”
        means developments, methods of doing business, compositions, works, concepts
        and
        ideas (whether or not patentable or copyrightable or constituting trade secrets)
        conceived, made, created, developed or reduced to writing or practice by
        Helt
        (whether alone or with oth-ers, and whether or not during normal business
        hours
        or on or off BPOMS’s premises) while rendering services to BPOMS or any of its
        Affiliates during the Term that relate to either the services provided by,
        business of, or any prospec-tive activity of, BPOMS or any of its Affiliates
        known to Helt, or about which Helt had reason to know, as a result of services
        rendered under this Agreement.

      

      “Confidential
        Information”
        shall mean any and all information of BPOMS and its Affiliates that is not
        generally known by others with whom BPOMS or any of its Affiliates does or
        plans
        to compete or do busi-ness. Confidential Information includes, without
        limita-tion, such information relating to (i) BPOMS’s and its Affiliates’
development, research and marketing activities, (ii) BPOMS’s and its Affiliates’
strategic plans, (iii) the identity and special needs of BPOMS’s and its
        Affiliates’ customers and (iv) people and organiza-tions with whom BPOMS and its
        Affiliates has bus-iness relationships. Confidential Information also includes
        such infor-mation that BPOMS and its Affiliates may receive or have received
        belong-ing to customers or others who do busi-ness with BPOMS and/or any
        of its
        Affiliates and, except to the extent disclosed by BPOMS or any of its Affiliates
        on a nonconfidential basis, the Company Property.

      

      7.5 Remedies.
        Helt acknowledges that, if Helt breaches the provisions of this Section 7,
        the
        harm to BPOMS and its Affiliates will be irreparable. Helt therefore agrees
        that, in the event of such a breach by Helt, in addi-tion to damages and
        reasonable attorneys’ fees, BPOMS shall be entitled to obtain preliminary and
        perma-nent injunctive relief against any such breach.

      

      [Intentionally
        Left Blank]

      
        
           

           

        

        
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      IN
        WITNESS WHEREOF, the undersigned have executed this Consulting Agreement
        on the
        day and year first above written.

      

      
        	
                BPO
                  MANAGEMENT SERVICES, INC.

                 

                By:__________________________

                Name:________________________

                Title:_________________________

              	
                 

                 

                _____________________________

                Donald
                  C. Helt

              

      

      

      
        
          
             

          

           

        

        
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      EXHIBIT
        A

      

      DESCRIPTION
        OF SERVICES

      

      

      

      In
        conjunction with the Consulting Agreement to which this Exhibit
        A
        is attached, the parties have agreed to the following list of Services to
        be
        performed by Helt:

      

      
        	 	
                1.

              	
                Customer/Client
                  retention - Develop a plan with steps and timelines to best ensure,
                  and
                  where possible improve, HRMS’ continuing business relationship with its
                  customers. The plan will focus on the 60-90 day period following
                  acquisition and include the Supervisor and the customer-facing
                  staff of
                  HRMS.

              

      

      

      
        	 	
                2.

              	
                Product
                  development - Participate and advise in the development of an overall
                  product development plan to include both functional and technology
                  roadmap
                  items that include BPOMS products/services to appropriately extend
                  HRMS’
                  product/service offerings to the HR marketplace.
                  

              

      

      

      
        	 	
                3.

              	
                Employee
                  retention - Support and participate in staff communications designed
                  to
                  maintain the morale as well as the continuing employment and interest
                  of
                  HRMS staff.

              

      

      

      
        	 	
                4.

              	
                Management
                  succession - Participate and advise BPOM in HRMS management staffing
                  decisions and provide personnel consulting/training as appropriate
                  for
                  incumbents or new hires.

              

      

      

      
        	 	
                5.

              	
                Sales/Marketing
                  - Participate and advise in the development of sales and marketing
                  plans
                  designed to grow HRMS licensed sales and hosted services to new
                  customers.
                  

              

      

      

      For
        clarification of the foregoing, the Services shall not require Helt to perform
        day-to-day operational matters for the Company or any of its business units
        or
        Affiliates.<PAGE>

                                                                    EXHIBIT 10.1

                             NOTE PURCHASE AGREEMENT

      THIS NOTE PURCHASE AGREEMENT (this "Agreement") is made and entered into
as of the 6th day of July 6, 2007, by and between GLOBAL BEVERAGE SOLUTIONS,
INC., a Nevada corporation with headquarters located at 2 S. University Drive,
Suite 220, Plantation, Florida 33324 (the "Company"), and the purchaser
identified on the signature page to this Agreement (the "Purchaser"), located at
the address set forth on the signature page to this Agreement.

                                    ARTICLE 1
                      AUTHORIZATION AND SALE OF SECURITIES

      1.1   AUTHORIZATION. The Company has authorized the sale and issuance to
the Purchaser of a convertible promissory note in the form attached hereto as
EXHIBIT A (the "Convertible Note"), convertible into common stock, par value
$.001 per share, of the Company (the "Common Stock"). The shares of Common Stock
issuable upon conversion of the Convertible Note are referred to herein as the
"Conversion Shares." The Convertible Note and the Conversion Shares are
collectively referred to herein as the "Securities."

      1.2   AGREEMENT TO PURCHASE AND SELL THE CONVERTIBLE NOTE. The Company
agrees to issue and sell to the Purchaser, and the Purchaser agrees to purchase
from the Company, the Convertible Note in the principal amount of $259,202 for a
purchase price of $223,450 (the "Purchase Price") on the terms and conditions
set forth herein.

      1.3   CLOSINGS AND DELIVERY. The purchase and sale of the Convertible Note
shall occur at 10:00 a.m., New York City time, on Friday, July 6, 2007. Such
purchase and sale is referred to herein as the "Closing," and the date of the
Closing is referred to herein as the "Closing Date." The Closing shall be held
at the offices of the Company first set forth above. At the Closing, the Company
will deliver to the Purchaser the Convertible Note being purchased at such
Closing and the Purchaser shall deliver to the Company by check or wire the
Purchase Price in full payment of the Convertible Note.

      1.4   NATURE OF OFFERING. The investment in the Convertible Note and the
Conversion Shares is being made in reliance upon the provisions of Section 4(2)
("Section 4(2)") of the United States Securities Act of 1933, as amended (the
"Securities Act"), and Rule 506 of Regulation D ("Regulation D") promulgated
under the Securities Act.

                                    ARTICLE 2
                                   CONVERSION

      2.1   OPTIONAL CONVERSION. From and after the date that the Company files
a Form N-54C (the "De-Election Notice") with the United States Securities and
Exchange Commission (the "SEC") to withdraw its election to be regulated as a
business development company under the Investment Company Act of 1940 (the "1940
Act"), the Purchaser shall have the right, at its option, by giving written

<PAGE>

notice to the Company at its principal office at any time prior to the full
repayment of the Convertible Note by the Company, to convert in whole or in part
the principal amount of the Convertible Note and any accrued interest thereon
into Conversion Shares, at the Conversion Rate (as hereinafter defined). The
number of Conversion Shares issuable upon conversion of any Conversion Amount
(as hereinafter defined) shall be determined by dividing (x) such Conversion
Amount by (y) the Conversion Price (as hereinafter defined) (such formula being
referred to herein as the "Conversion Rate"). The "Conversion Amount" means the
portion of the principal amount of the Convertible Note and any accrued interest
thereon to be converted with respect to which this determination is being made.
The "Conversion Price" means, as of any date on which the Purchaser elects to
convert the Convertible Note into Conversion Shares, 75% of the average of the
lowest trade price of the Common Stock, as reported on the over-the-counter
market or if the Common Stock is listed on a stock exchange, the lowest trade
price of the Common Stock on such exchange, during any three business days for
the ten business days prior to such conversion election, as reported by
Bloomberg L.P.

      2.2   ISSUANCE OF SHARES ON CONVERSION. The date on which notice of
conversion is given (the "Conversion Date") shall be deemed to be the date on
which the Purchaser faxes or otherwise delivers the conversion notice ("Notice
of Conversion") to the Company so that it is received by the Company on or
before such specified date, provided that, if such conversion would convert the
entire remaining principal of the Convertible Note, the Purchaser shall deliver
to the Company the original Convertible Note being converted no later than five
(5) business days thereafter. Facsimile delivery of the Notice of Conversion
shall be accepted by the Company at facsimile number (954) 337-0522; Attn: Jerry
Pearring. As soon as practicable after any Conversion Date, but in any event
within 3 business days thereafter (the "Delivery Date"), the Company, at its
expense, will cause to be issued in the name of and delivered to the Purchaser
of the Convertible Note, a certificate or certificates for the number of fully
paid and non-assessable Conversion Shares to which the Purchaser shall be
entitled on such conversion. No fractional shares of Common Stock will be issued
on conversion of the Convertible Note. If on conversion of the Convertible Note
a fraction of a share results, the Company will round such fraction of a share
of Common Stock up to the nearest whole share.

      2.3   LIMITATIONS ON CONVERSION. (a) Notwithstanding anything to the
contrary contained in this Agreement and the Convertible Note, the Convertible
Note may not be converted, in whole or in part, into Conversion Shares unless
and until any then-applicable requirements of all federal and state securities
laws and regulatory agencies charged with enforcing securities laws shall have
been fully complied with to the satisfaction of the Company and its counsel;
PROVIDED, HOWEVER, that the Company shall at all times use its best efforts to
comply with such requirements. The Company may, in its reasonable discretion,
condition any conversion of the Convertible Note upon the Purchaser's delivery
to the Company of a written agreement, in form and substance satisfactory to the
Company, whereby the Purchaser makes, at the time of conversion, such
representations and warranties to and for the benefit of the Company as are
comparable to the representations and warranties of the Purchaser set forth in
Section 3.2(d) below as and to the extent applicable to the issuance of the
Conversion Shares upon conversion of the Convertible Note.

                                       2
<PAGE>

      (b)   Notwithstanding any other provision hereof or of any of the other
Transaction Documents, in no event (except (i) as specifically provided herein
as an exception to this provision, or (ii) while there is outstanding a tender
offer for any or all of the shares of the Company's Common Stock) shall the
Purchaser be entitled to convert any portion of this Convertible Note, or shall
the Company have the obligation to convert such Convertible Note to the extent
that, after such conversion, the sum of (1) the number of shares of Common Stock
beneficially owned by the Purchaser and its affiliates (other than shares of
Common Stock which may be deemed beneficially owned through the ownership of the
unconverted portion of the Convertible Note or other convertible securities or
of the unexercised portion of warrants or other rights to purchase Common
Stock), and (2) the number of shares of Common Stock issuable upon the
conversion of the Convertible Note with respect to which the determination of
this proviso is being made, would result in beneficial ownership by the
Purchaser and its affiliates of more than 4.99% of the outstanding shares of
Common Stock (after taking into account the shares to be issued to the Purchaser
upon such conversion). For purposes of the proviso to the immediately preceding
sentence, beneficial ownership shall be determined in accordance with Section
13(d) of the Securities Exchange Act of 1934, as amended, except as otherwise
provided in clause (1) of such sentence. The Purchaser, by its acceptance of
this Convertible Note, further agrees that if the Purchaser transfers or assigns
any of the Convertible Note to a party who or which would not be considered such
an affiliate, such assignment shall be made subject to the transferee's or
assignee's specific agreement to be bound by the provisions of this Section as
if such transferee or assignee were the original Purchaser hereof. Nothing
herein shall preclude the Purchaser from disposing of a sufficient number of
other shares of Common Stock beneficially owned by the Purchaser so as to
thereafter permit the continued conversion of this Convertible Note.

      2.4   DELIVERY OF STOCK. The Company understands that a delay in the
issuance of the shares of Common Stock beyond the Delivery Date could result in
economic loss to the Purchaser. As compensation to the Purchaser for such loss,
the Company agrees to pay late payments to the Purchaser for late issuance of
Shares upon Conversion in accordance with the following schedule (where "No.
Business Days Late" refers to the number of business days which is beyond two
(2) business days after the Delivery Date):(1)

                                       Late Payment For Each $10,000
                                       of Principal or Interest Being Converted

      No. Business Days Late           Amount Being Converted
      ----------------------           ----------------------

               1                               $100
               2                               $200
               3                               $300
               4                               $400
               5                               $500
               6                               $600
               7                               $700
               8                               $800
               9                               $900
               10                              $1,000
               >10                             $1,000 + $200 for each Business
                                                        Day Late beyond 10 days

---------------------
(1)   Example: Notice of Conversion is delivered on Monday, December 3, 2007.
      The Delivery Date would be Thursday, December 6 (the third business day
      after such delivery). If the certificate is delivered by Monday December
      10 (2 business days after the Delivery Date), no payment under this
      provision is due. If the certificates are delivered on December 11, that
      is 1 "Business Day Late" in the table below; if delivered on December 18,
      that 6 "Business Days Late" in the table.

                                       3
<PAGE>

The Company shall pay any payments incurred under this Section in immediately
available funds upon demand as the Purchaser's exclusive remedy (other than the
following provisions of this Section) for such delay. Furthermore, in addition
to any other remedies which may be available to the Purchaser, in the event that
the Company fails for any reason to effect delivery of such shares of Common
Stock by close of business on the Delivery Date, the Purchaser will be entitled
to revoke the relevant Notice of Conversion by delivering a notice to such
effect to the Company, whereupon the Company and the Purchaser shall each be
restored to their respective positions immediately prior to delivery of such
Notice of Conversion; provided, however, that an amount equal to any payments
contemplated by this Section which have accrued through the date of such
revocation notice shall remain due and owing to the converting Purchaser
notwithstanding such revocation.

                                    ARTICLE 3
                         REPRESENTATIONS AND WARRANTIES

      3.1   BY THE COMPANY. The Company hereby represents and warrants to the
Purchaser as follows:

      (a)   STATUS. The Company is a corporation duly organized, validly
existing and in good standing under the laws of the State of Nevada, and has the
corporate power to own and operate its properties and assets, to carry on its
business as now conducted and to enter into and to perform its obligations under
this Agreement, the Convertible Note and that certain Registration Rights
Agreement, dated even date herewith (the "Registration Rights Agreement"), by
and between the Company and the Purchaser (collectively, the "Transaction
Documents").

      (b)   AUTHORIZATION. The Company has the corporate power and authority to
enter into and perform its obligations under the Transaction Documents. The
execution and delivery of this Agreement, the execution and delivery of each
Transaction Document and the performance by the Company of its obligations
hereunder and thereunder have been duly authorized by all necessary action
properly taken and the Company has received all necessary governmental
approvals, if any, that are required.

      (c)   VALIDITY AND BINDING EFFECT. The Transaction Documents are the
legal, valid and binding obligations of the Company, enforceable in accordance
with their respective terms, subject to limitations imposed by bankruptcy,
insolvency, moratorium or other similar laws affecting the rights of creditors
generally or the application of general equitable principles.

                                       4
<PAGE>

      (d)   NO CONFLICTS. Consummation of the transactions contemplated hereby
and the performance of the obligations of the Company under and by virtue of the
Transaction Documents do not conflict with, and will not result in any breach
of, or constitute a default under, (i) the charter or bylaws of the Company or
(ii) any mortgage, deed of trust, lease, bank loan or credit agreement, license,
franchise or any other instrument or agreement to which the Company is a party
or by which the Company or its respective properties may be bound or affected,
except, in the case of clause (ii), to the extent that such conflict, breach or
default would not reasonably be expected to have a Material Adverse Effect (as
hereinafter defined).

      (e)   EXEMPTION FROM REGISTRATION; VALID ISSUANCES. Subject to the
accuracy of the Purchaser's representations in Section 3.2 hereof, the sale of
the Convertible Note and the Conversion Shares will not require registration
under the Securities Act and/or any applicable state securities law. The
Conversion Shares issuable by the Company upon conversion of the Convertible
Note shall, if and when the Convertible Note is converted in accordance with its
terms, be duly and validly issued, fully-paid and non-assessable shares of
Common Stock.

      (f)   SEC DOCUMENTS. The Company has made available to the Purchaser true
and complete copies of the Company's Annual Report on Form 10-K for the fiscal
year ended December 31, 2006 (the "Form 10-K") and each report filed by the
Company with the SEC pursuant to the Securities Exchange Act of 1934, as amended
(the "Exchange Act") since the filing of the Form 10-K through the date hereof
(collectively such documents are referred to herein as the "SEC Documents"). As
of their respective dates, the SEC Documents complied in all material respects
with the requirements of the Exchange Act, and rules and regulations of the SEC
promulgated thereunder and the SEC Documents did not contain any untrue
statement of a material fact or omit to state a material fact required to be
stated therein or necessary in order to make the statements therein, in light of
the circumstances under which they were made, not misleading. The financial
statements of the Company included in the SEC Documents complied in all material
respects with applicable accounting requirements and the published rules and
regulations of the SEC or other applicable rules and regulations with respect
thereto at the time of such inclusion. Such financial statements have been
prepared in accordance with generally accepted accounting principles ("GAAP")
applied on a consistent basis during the periods involved (except (i) as may be
otherwise indicated in such financial statements or the notes thereto or (ii) in
the case of unaudited interim statements, to the extent they exclude footnotes
or may be condensed or summary statements) and fairly present in all material
respects the financial position of the Company as of the dates thereof and the
results of operations and cash flows for the periods then ended (subject, in the
case of unaudited interim statements, to normal year-end audit adjustments).

      (g)   NO GENERAL SOLICITATION OR ADVERTISING IN REGARD TO THIS
TRANSACTION. Neither the Company nor any of its affiliates nor any person acting
on its or their behalf has conducted or will conduct any general solicitation
(as that term is used in Rule 502(c) of Regulation D) or general advertising
with respect to the Securities.

                                       5
<PAGE>

      (h)   NO MATERIAL ADVERSE EFFECT. Since March 31, 2007, no Material
Adverse Effect (as hereinafter defined) has occurred or exists with respect to
the Company, except as disclosed in the SEC Documents. For purposes of this
Agreement, "Material Adverse Effect" shall mean any effect on the business,
operations, properties, prospects, or financial condition of the Company that is
material and adverse to the Company, and/or any condition, circumstance, or
situation that would prohibit or otherwise interfere with the ability of the
Company to enter into and perform any of its obligations under the Transaction
Documents in any material respect.

      (i)   NO INTEGRATED OFFERING. Neither the Company, nor any of its
affiliates, nor any person acting on its or their behalf has, directly or
indirectly, made any offers or sales of any security or solicited any offers to
buy any security, under circumstances that would require registration of the
Securities under the Securities Act or cause this offering of the Securities to
be integrated with prior offerings by the Company for purposes of the Securities
Act.

      (j)   LITIGATION AND OTHER PROCEEDINGS. Except as disclosed in the SEC
Documents, there are no lawsuits or proceedings pending or, to the knowledge of
the Company, threatened, against the Company, nor has the Company received any
written or oral notice of any such action, suit, proceeding or investigation,
which could reasonably be expected to have a Material Adverse Effect. Except as
set forth in the SEC Documents, no judgment, order, writ, injunction or decree
or award has been issued by or, to the knowledge of the Company, requested of
any court, arbitrator or governmental agency which could result in a Material
Adverse Effect.

      3.2   BY THE PURCHASER. The Purchaser hereby represents and warrants to
the Company as follows:

      (a)   STATUS. If Purchaser is a corporation, partnership, trust or limited
liability company, Purchaser is duly organized, validly existing and in good
standing (to the extent applicable) under the laws of the jurisdiction of its
formation, and has the power to own and operate its properties, to carry on its
business as now conducted and to enter into and to perform its obligations under
this Agreement and the other Transaction Documents.

      (b)   AUTHORIZATION. Purchaser has the power and authority to enter into
and perform its obligations under the Transaction Documents. The execution and
delivery of this Agreement, the execution and delivery of each Transaction
Document and the performance by the Purchaser of its obligations hereunder and
thereunder have been duly authorized by all necessary action properly taken and
the Purchaser has received all necessary governmental approvals, if any, that
are required. The person executing this Agreement and all of the other
Transaction Documents to which the Purchaser is a party is duly authorized to
act on behalf of the Purchaser.

      (c)   VALIDITY AND BINDING EFFECT. The Transaction Documents are the
legal, valid and binding obligations of the Purchaser, enforceable in accordance
with their respective terms, subject to limitations imposed by bankruptcy,
insolvency, moratorium or other similar laws affecting the rights of creditors
generally or the application of general equitable principles.

                                       6
<PAGE>

      (d)   INVESTMENT REPRESENTATIONS.

      (i)   Purchaser has such knowledge and experience in financial and
business matters, including investments of the type represented by the
Securities, is capable of evaluating the merits of investment in the Company and
can bear the economic risk of an investment in the Securities;

      (ii)  Purchaser is an "accredited investor" as such term is defined in
Rule 501 of Regulation D; and

      (iii) Purchaser is acquiring the Securities for investment purposes only,
for its own account and not with a view to, or for resale in connection with,
the distribution or other disposition thereof in contravention of the Securities
Act or any state securities law, without prejudice, however, to Purchaser's
right at all times to sell or otherwise dispose of all or any part of the
Securities pursuant to an effective registration statement under the Securities
Act and applicable state securities laws, or under an exemption from such
registration available under the Securities Act and other applicable state
securities laws.

      (e)   TRANSFER RESTRICTIONS. Purchaser acknowledges and agrees that the
Convertible Note and the Conversion Shares issuable upon conversion of the
Convertible Note are subject to, and that Purchaser will be bound by, the
additional transfer restrictions set forth in Section 6 of the Convertible Note.

      (f)   ABSENCE OF CONFLICTS. The execution and delivery of the Transaction
Documents, and the consummation of the transactions contemplated thereby, and
compliance with the requirements thereof, will not violate any law, rule,
regulation, order, writ, judgment, injunction, decree or award binding on
Purchaser or (a) violate any provision of any indenture, instrument or agreement
to which Purchaser is a party or is subject, or by which Purchaser or any of its
assets is bound; (b) conflict with or constitute a material default thereunder;
(c) result in the creation or imposition of any lien pursuant to the terms of
any such indenture, instrument or agreement, or constitute a breach of any
fiduciary duty owed by Purchaser to any third party; or (d) require the approval
of any third-party (which has not been obtained) pursuant to any material
contract, agreement, instrument, relationship or legal obligation to which
Purchaser is subject or to which any of its assets, operations or management may
be subject.

      (g)   DISCLOSURE; ACCESS TO INFORMATION. The Purchaser has received all
documents, records, books and other publicly available information pertaining to
Purchaser's investment in the Company that have been requested by the Purchaser.
The Company is subject to the periodic reporting requirements of the Exchange
Act, and the Purchaser has reviewed or received copies of all SEC Documents that
have been requested by it.

      (h)   MANNER OF SALE. At no time was Purchaser presented with or solicited
by or through any leaflet, public promotional meeting, television advertisement
or any other form of general solicitation or advertising.

                                       7
<PAGE>

      (i)   PLACEMENT FEE. The Purchaser acknowledges that Palladium Capital
Advisors, LLC (the "Placement Agent") will be paid a placement fee of $50,000 by
the Company in connection with the sale of the Convertible Note (in such form
and manner as mutually agreed upon by and between the Company and the Placement
Agreement).

      (j)   TRANSFER OR RESALE. The Purchaser understands that except as
provided in the Registration Rights Agreement: (i) the Securities have not been
and are not being registered under the Securities Act or any state securities
laws, and may not be offered for sale, sold, assigned or transferred unless (A)
subsequently registered thereunder, (B) the Purchaser shall have delivered to
the Company an opinion of counsel, in a generally acceptable form, to the effect
that such Securities to be sold, assigned or transferred may be sold, assigned
or transferred pursuant to an exemption from such registration requirements, or
(C) the Purchaser provides the Company with reasonable assurances (in the form
of seller and broker representation letters) that such Securities can be sold,
assigned or transferred pursuant to Rule 144 or Rule 144(k) promulgated under
the Securities Act, as amended (or a successor rule thereto) (collectively,
"RULE 144"), in each case following the applicable holding period set forth
therein; (ii) any sale of the Securities made in reliance on Rule 144 may be
made only in accordance with the terms of Rule 144 and further, if Rule 144 is
not applicable, any resale of the Securities under circumstances in which the
seller (or the person through whom the sale is made) may be deemed to be an
underwriter (as that term is defined in the Securities Act) may require
compliance with some other exemption under the Securities Act or the rules and
regulations of the SEC thereunder; and (iii) neither the Company nor any other
person is under any obligation to register the Securities under the Securities
Act or any state securities laws or to comply with the terms and conditions of
any exemption thereunder.

                                    ARTICLE 4
                            COVENANTS AND AGREEMENTS

      4.1   ISSUANCE OF CONVERTIBLE NOTE AND WARRANT. The sale of the
Convertible Note and the issuance of the Conversion Shares upon conversion of
the Convertible Note shall be made in accordance with the provisions and
requirements of Section 4(2) and Regulation D under the Securities Act (with
respect to the issuance of the Convertible Note), Section 3(a)(9) of the
Securities Act (with respect to the issuance of the Conversion Shares) and any
applicable state securities law. The Company shall make all necessary SEC and
"blue sky" filings required to be made by the Company in connection with the
sale of the Securities to the Purchaser as required by all applicable laws.

      4.2   AUTHORIZED SHARES. At all times from and after the Closing Date and
until the maturity date of the Convertible Note, the Company shall maintain a
sufficient number of authorized shares of Common Stock to be available for
issuance in a timely manner upon conversion of the Convertible Note in
accordance with the terms hereof and thereof.

      4.3   MATTERS RELATING TO DE-ELECTION NOTICE. The Company covenants and
agrees (i) to file, within five (5) business days of the Closing Date, a
preliminary information statement on Schedule 14C with the SEC relating to the
approval by the written consent of the Company's stockholders of the withdrawal
of its election to be regulated as a business development company under the 1940
Act, and promptly respond to any SEC comments thereon and (ii) to file, within
thirty (30) days after the SEC clears the filing by the Company of a definitive
information statement on Schedule 14C with the SEC relating to the approval by
the written consent of the Company's stockholders of the withdrawal of its
election to be regulated as a business development company under the 1940 Act, a
De-Election Notice.

                                       8
<PAGE>

                                    ARTICLE 5
                                     LEGEND

      Each certificate representing the Conversion Shares will bear a legend in
substantially the following form:

      THE SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
      UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"),
      OR ANY OTHER APPLICABLE SECURITIES LAWS AND HAVE BEEN ISSUED IN RELIANCE
      UPON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
      AND SUCH OTHER SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR
      PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
      PLEDGED, ENCUMBERED, HYPOTHECATED OR OTHERWISE DISPOSED OF EXCEPT PURSUANT
      TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR
      PURSUANT TO A TRANSACTION THAT IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH
      REGISTRATION.

                                    ARTICLE 6
                              DEFAULT AND REMEDIES

      6.1   EVENTS OF DEFAULT. The occurrence of any of the following shall
constitute an "Event of Default" hereunder:

      (a)   Default in the payment of the principal of the indebtedness
evidenced by the Convertible Note in accordance with the terms of the
Convertible Note;

      (b)   A default or event of default shall occur in respect of any other
indebtedness of the Company that exceeds, in the aggregate, $100,000 and, if
subject to a cure right, such default or event of default shall not be cured
within the applicable cure period;

      (c)   The Company shall be liquidated, dissolved, partitioned or
terminated, or the charter thereof shall expire or be revoked;

      (d)   The Company (i) shall generally not pay or shall be unable to pay
its debts as such debts become due, or (ii) shall make an assignment for the
benefit of creditors or petition or apply to any tribunal for the appointment of
a custodian, receiver or trustee for it or a substantial part of its assets, or
(iii) shall commence any proceeding under any bankruptcy, reorganization,
arrangement, readjustment of debt, dissolution or liquidation law or statute of
any jurisdiction, whether now or hereafter in effect, or (iv) shall have had any
such petition or application filed or any such proceeding commenced against it
that is not dismissed within sixty (60) days, or (v) shall indicate, by any act
or intentional and purposeful omission, its consent to, approval of or
acquiescence in any such petition, application, proceeding or order for relief
or the appointment of a custodian, receiver or trustee for it or a substantial
part of its assets, or (vi) shall suffer any such custodianship, receivership or
trusteeship to continue undischarged for a period of sixty (60) days or more;

                                       9
<PAGE>

      (e)   Failure of the Company to perform any of its obligations, covenants
or agreements under this Agreement or any of the other Transaction Documents
(other than the payment of the principal of the indebtedness evidenced by the
Convertible Note, which shall be subject to Section 6.1(a) above and not this
Section 6(e));

      (f)   A default or event of default shall occur under any of the other
Transaction Documents and, if subject to a cure right, such default or event of
default shall not be cured within the applicable cure period;

      (g)   The Purchaser's inability to convert the Convertible Note into
Conversion Shares upon written notice to the Company as provided for herein due
to the Company's failure to comply with (and not due to the Purchaser's failure
to meet all applicable investor suitability requirements of) the then-applicable
requirements of all federal and state securities laws and regulatory agencies
charged with enforcing securities laws as provided for in Section 2.3 of this
Agreement; or

      (h)   A default or event of default shall occur in respect of any
agreement of the Company that requires the payment by the Company of an amount
in excess of $250,000.

      With respect to any Event of Default described above in Sections 6.1(e),
(f) and (h) that is capable of being cured and that does not already provide its
own cure procedure (a "Curable Default"), the occurrence of such Curable Default
shall not constitute an Event of Default hereunder if the Company provides
notice to the Purchaser of such Curable Default in accordance with the
provisions hereof within five (5) business days of the Company learning of such
default and such Curable Default is fully cured and/or corrected within thirty
(30) days of the Company's notice thereof to Purchaser.

      6.2   ACCELERATION OF MATURITY; REMEDIES. Upon the occurrence of any Event
of Default described in Section 6.1(d), the indebtedness evidenced by the
Convertible Note shall be immediately due and payable in full; and upon the
occurrence of any other Event of Default described above, the Purchaser at any
time thereafter may at its option accelerate the maturity of the indebtedness
evidenced by the Convertible Note without notice of any kind. Upon the
occurrence of any such Event of Default and the acceleration of the maturity of
the indebtedness evidenced by the Convertible Note:

      (a)   The Purchaser shall be immediately entitled to exercise any and all
rights and remedies possessed by the Purchaser pursuant to the terms of the
Convertible Note and all of the other Transaction Documents; and

                                       10
<PAGE>

      (b)   The Purchaser shall have any and all other rights and remedies that
the Purchaser may now or hereafter possess at law, in equity or by statute.

      6.3   REMEDIES CUMULATIVE; NO WAIVER. No right, power or remedy conferred
upon or reserved to the Purchaser by this Agreement or any of the other
Transaction Documents is intended to be exclusive of any other right, power or
remedy, but each and every such right, power and remedy shall be cumulative and
concurrent and shall be in addition to any other right, power and remedy given
hereunder, under any of the other Transaction Documents or now or hereafter
existing at law, in equity or by statute. No delay or omission by the Purchaser
to exercise any right, power or remedy accruing upon the occurrence of any Event
of Default shall exhaust or impair any such right, power or remedy or shall be
construed to be a waiver of any such Event of Default or an acquiescence
therein, and every right, power and remedy given by this Agreement and the other
Transaction Documents to the Purchaser may be exercised from time to time and as
often as may be deemed expedient by the Purchaser.

                                    ARTICLE 7
                            SURVIVAL; INDEMNIFICATION

      7.1   SURVIVAL. The representations, warranties and covenants made by each
of the Company and the Purchaser in this Agreement, the schedules and exhibits
hereto and in each instrument, agreement and certificate entered into and
delivered by them pursuant to this Agreement, shall survive the Closing and the
consummation of the transactions contemplated hereby. In the event of a breach
or violation of any of such representations, warranties or covenants, the party
to whom such representations, warranties or covenants have been made shall have
all rights and remedies for such breach or violation available to it under the
provisions of this Agreement or otherwise, whether at law or in equity,
irrespective of any investigation made by or on behalf of such party on or prior
to the Closing Date.

      7.2   INDEMNITY.

      (a)   BY THE COMPANY. The Company hereby agrees to indemnify and hold
harmless the Purchaser, its affiliates and their respective officers, directors,
partners and members (collectively, the "Purchaser Indemnitees"), from and
against any and all losses, claims, damages, costs, expenses (including, without
limitation, reasonable attorney's fees and disbursements and reasonable costs
and expenses of expert witnesses and investigation), judgments, penalties,
liabilities and deficiencies (collectively, "Losses"), and agrees to reimburse
the Purchaser Indemnitees for all reasonable out-of-pocket expenses (including
the reasonable fees and expenses of legal counsel), in each case promptly as
incurred by the Purchaser Indemnitees and to the extent arising out of or in
connection with:

      (i)   any misrepresentation, omission of fact or breach of any of the
Company's representations or warranties contained in this Agreement, the
schedules or exhibits hereto or any instrument, agreement or certificate entered
into or delivered by the Company pursuant to this Agreement; or

                                       11
<PAGE>

      (ii)  any failure by the Company to perform in any material respect any of
its covenants, agreements, undertakings or obligations set forth in this
Agreement, the schedules or exhibits hereto or any instrument, agreement or
certificate entered into or delivered by the Company pursuant to this Agreement.

      (b)   BY THE PURCHASER. The Purchaser hereby agrees to indemnify and hold
harmless the Company, its affiliates and their respective officers, directors,
partners and members (collectively, the "Company Indemnitees"), from and against
any and all Losses, and agrees to reimburse the Company Indemnitees for
reasonable all out-of-pocket expenses (including the reasonable fees and
expenses of legal counsel), in each case promptly as incurred by the Company
Indemnitees and to the extent arising out of or in connection with:

      (i)   any misrepresentation, omission of fact, or breach of any of the
Purchaser's representations or warranties contained in this Agreement, the
schedules or exhibits hereto or any instrument, agreement or certificate entered
into or delivered by the Purchaser pursuant to this Agreement; or

      (ii)  any failure by the Purchaser to perform in any material respect any
of its covenants, agreements, undertakings or obligations set forth in this
Agreement or any instrument, certificate or agreement entered into or delivered
by the Purchaser pursuant to this Agreement.

      7.3   NOTICE. Promptly after receipt by either party hereto seeking
indemnification pursuant to Section 7.2 (an "Indemnified Party") of written
notice of any investigation, claim, proceeding or other action in respect of
which indemnification is being sought (each, a "Claim"), the Indemnified Party
promptly shall notify the party against whom indemnification pursuant to Section
7.2 is being sought (the "Indemnifying Party") of the commencement thereof; but
the omission to so notify the Indemnifying Party shall not relieve it from any
liability that it otherwise may have to the Indemnified Party, except to the
extent that the Indemnifying Party is materially prejudiced and forfeits
substantive rights and defenses by reason of such failure. In connection with
any Claim as to which both the Indemnifying Party and the Indemnified Party are
parties, the Indemnifying Party shall be entitled to assume the defense thereof.
Notwithstanding the assumption of the defense of any Claim by the Indemnifying
Party, the Indemnified Party shall have the right to employ separate legal
counsel and to participate in the defense of such Claim, and the Indemnifying
Party shall bear the reasonable fees, out-of-pocket costs and expenses of such
separate legal counsel to the Indemnified Party if (and only if): (x) the
Indemnifying Party shall have agreed to pay such fees, out-of-pocket costs and
expenses, (y) the Indemnified Party and the Indemnifying Party reasonably shall
have concluded that representation of the Indemnified Party and the Indemnifying
Party by the same legal counsel would not be appropriate due to actual or, as
reasonably determined by legal counsel to the Indemnified Party, potentially
differing interests between such parties in the conduct of the defense of such
Claim, or if there may be legal defenses available to the Indemnified Party that
are in addition to or disparate from those available to the Indemnifying Party,
or (z) the Indemnifying Party shall have failed to employ legal counsel
reasonably satisfactory to the Indemnified Party within a reasonable period of
time after notice of the commencement of such Claim. If the Indemnified Party
employs separate legal counsel in circumstances other than as described in

                                       12
<PAGE>

clauses (x), (y) or (z) above, the fees, costs and expenses of such legal
counsel shall be borne exclusively by the Indemnified Party. Except as provided
above, the Indemnifying Party shall not, in connection with any Claim in the
same jurisdiction, be liable for the fees and expenses of more than one firm of
legal counsel for the Indemnified Party (together with appropriate local
counsel). The Indemnifying Party shall not, without the prior written consent of
the Indemnified Party (which consent shall not unreasonably be withheld), settle
or compromise any Claim or consent to the entry of any judgment that does not
include an unconditional release of the Indemnified Party from all liabilities
with respect to such Claim or judgment.

                                    ARTICLE 8
                                  MISCELLANEOUS

      8.1   SUCCESSORS AND ASSIGNS INCLUDED IN PARTIES. Whenever in this
Agreement one of the parties hereto is named or referred to, the heirs, legal
representatives, successors, successors-in-title and assigns of such parties
shall be included, and all covenants and agreements contained in this Agreement
by or on behalf of the Company or by or on behalf of the Purchaser shall bind
and inure to the benefit of their respective heirs, legal representatives,
successors-in-title and assigns, whether so expressed or not.

      8.2   SEVERABILITY. Wherever possible each provision of this Agreement
shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement shall be prohibited by or
invalid under such law, such provision shall be ineffective to the extent of
such prohibition or invalidity, without invalidating the remainder of such
provision or the remaining provisions of this Agreement and shall be interpreted
so as to be effective and valid.

      8.3   ARTICLE AND SECTION HEADINGS, DEFINED TERMS. Numbered and titled
article and section headings and defined terms are for convenience only and
shall not be construed as amplifying or limiting any of the provisions of this
Agreement.

      8.4   NOTICES. Any and all notices, elections or demands permitted or
required to be made under this Agreement shall be in writing, signed by the
party giving such notice, election or demand and shall be delivered personally,
telecopied, or sent by certified mail or overnight via nationally recognized
courier service (such as Federal Express), to the other party at the address set
forth in the introductory paragraph to this Agreement, or at such other address
as may be supplied in writing and of which receipt has been acknowledged in
writing. The date of personal delivery or telecopy or two (2) business days
after the date of mailing (or the next business day after delivery to such
courier service), as the case may be, shall be the date of such notice, election
or demand, with copies as follows:

      if to the Company:

      Mr. Jerry Pearring
      Chief Executive Officer
      Global Beverage Solutions, Inc.
      2 S. University Drive
      Suite 220
      Plantation, Florida 33324

                                       13
<PAGE>

      if to the Purchaser:

      Krieger & Prager, LLP, Esqs.
      39 Broadway
      Suite 920
      New York, NY 10006
      Attn: Samuel M. Krieger, Esq.
      Telephone No.: (212) 363-2900
      Telecopier No.: (212) 363-2999

      8.5   ENTIRE AGREEMENT. This Agreement and the other written agreements
between the Company and the Purchaser represent the entire agreement between the
parties concerning the subject matter hereof, and all oral discussions and prior
agreements are merged herein; PROVIDED, if there is a conflict between this
Agreement and any other document executed contemporaneously herewith with
respect to the obligations described herein, the provision of this Agreement
shall control.

      8.6   GOVERNING LAW. THIS AGREEMENT SHALL BE ENFORCED, GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED ENTIRELY WITH SUCH STATE, WITHOUT REGARD TO
THE PRINCIPLES OF CONFLICT OF LAWS. THE PARTIES HERETO HEREBY SUBMIT TO THE
EXCLUSIVE JURISDICTION OF THE UNITED STATES FEDERAL COURTS LOCATED IN THE CITY
OF NEW YORK, NEW YORK WITH RESPECT TO ANY DISPUTE ARISING UNDER THIS AGREEMENT,
THE AGREEMENTS ENTERED INTO IN CONNECTION HEREWITH OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY. BOTH PARTIES IRREVOCABLY WAIVE THE DEFENSE OF AN
INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH SUIT OR PROCEEDING. BOTH PARTIES
FURTHER AGREE THAT SERVICE OF PROCESS UPON A PARTY MAILED BY FIRST CLASS MAIL
SHALL BE DEEMED IN EVERY RESPECT EFFECTIVE SERVICE OF PROCESS UPON THE PARTY IN
ANY SUCH SUIT OR PROCEEDING. NOTHING HEREIN SHALL AFFECT ANY PARTY'S RIGHT TO
SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW. THE PARTIES AGREE THAT A
FINAL NON-APPEALABLE JUDGMENT IN ANY SUCH SUIT OR PROCEEDING SHALL BE CONCLUSIVE
AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON SUCH JUDGMENT OR IN ANY
OTHER LAWFUL MANNER. THE PARTIES HEREBY WAIVE A TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM BROUGHT BY EITHER OF THE PARTIES HERETO AGAINST THE
OTHER IN RESPECT OF ANY MATTER ARISING OUT OF OR IN CONNECTION WITH THIS
AGREEMENT.

      8.7   AMENDMENT. Neither this Agreement nor any term hereof may be
amended, waived, discharged or terminated other than by a written instrument
signed by the party against whom enforcement of any such amendment, waiver,
discharge or termination is sought.

                                       14
<PAGE>

      8.8   COUNTERPARTS. This Agreement may be executed in any number of
counterparts and by different parties to this Agreement in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same Agreement.

      8.9   CONSTRUCTION AND INTERPRETATION. Should any provision of this
Agreement require judicial interpretation, the parties hereto agree that the
court interpreting or construing the same shall not apply a presumption that the
terms hereof shall be more strictly construed against one party by reason of the
rule of construction that a document is to be more strictly construed against
the party that itself or through its agent prepared the same, it being agreed
that the Company, the Purchaser and their respective agents have participated in
the preparation hereof.

      8.9   COSTS AND ATTORNEYS' FEES. If any action, suit, arbitration or other
proceeding is instituted to remedy, prevent or obtain relief from a default in
the performance by any party to this Agreement of its obligations under this
Agreement, the prevailing party (as determined by the court or other
fact-finder) will be entitled to recover from the losing party all actual costs
incurred in each and every such action, suit, arbitration or other proceeding,
including any and all appeals or petitions therefrom, including, without
limitation, reasonable attorneys' fees and disbursements.

                                       15
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement, or
have caused this Agreement to be executed by their duly authorized officers, as
of the day and year first above written.

                                         COMPANY:

                                         GLOBAL BEVERAGE SOLUTIONS, INC.,
                                         a Nevada corporation

                                         By: /s/ Jerry Pearring
                                             ------------------
                                         Name: Jerry Pearring
                                         Title: Chief Executive Officer

                                         PURCHASER:

                                         MELTON MANAGEMENT LTD.

                                         By: /s/ Yehuda Breitkope
                                             --------------------
                                         Its: President

                                         26 Agassi Street
                                         Jerusalem, Israel

                                       16

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