Document:

Exhibit 10.26

                     SECURED CONVERTIBLE NOTE AND AGREEMENT

                                   $200,000.00

                             MAXMILLIAN PARTNERS LLC

                                  July 28, 2003

 THESE  SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
 AMENDED,  OR ANY  STATE  SECURITIES  LAWS.  THEY MAY NOT BE SOLD,  TRANSFERRED,
 PLEDGED,  HYPOTHECATED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE  REGISTRATION
 STATEMENT  AS TO THE  SECURITIES  UNDER  SAID  ACT  AND  ANY  APPLICABLE  STATE
 SECURITIES  LAWS OR THE  AVAILABILITY OF AN EXEMPTION FROM  REGISTRATION  UNDER
 SAID ACT.

 INVESTMENT  IN THE NOTE  HEREIN IS  SPECULATIVE  AND  INVOLVES A HIGH DEGREE OF
 RISK.  THE COMPANY IS IN ITS  DEVELOPMENT  STAGE,  HAS NO HISTORY OF  REVENUES,
 EARNINGS OR SIGNIFICANT OPERATIONS, AND IS SUBJECT TO ALL THE RISKS INHERENT IN
 A NEW BUSINESS  ENTERPRISE.  NO  INVESTMENT  IN THE NOTES SHOULD BE MADE BY ANY
 PERSON WHO IS NOT IN A POSITION TO LOSE THE ENTIRE AMOUNT OF SUCH INVESTMENT.

                                    RECITALS

        WHEREAS,  Maxmillian  Partners LLC (the "Borrower"),  a Delaware limited
 liability company, operating pursuant to a certain Amended and Restated Limited
 Liability  Company  Agreement,  dated as of September 24, 2002 (the  "Operating
 Agreement"); and

        WHEREAS, Borrower requires short-term working capital in connection with
 current  operations,  and Kenneth H.  Close,  an  individual  having a place of
 business in Southport,  Connecticut ("Holder"),  has agreed to lend to Borrower
 $200,000,  upon the terms stated herein,  including without limitation Holders'
 right, but not the obligation, prior to repayment, to convert all, or such part
 as Holder shall elect, of the principal amount due hereunder, together with the
 interest then accrued  thereon,  into additional units of the Company issued in
 connection   with  any   subsequent   capital   financing  of  the  Company  (a
 "Financing"),  or such other equity securities, as shall be sold by Borrower in
 connection with the completion of the Financing, if any, upon the same terms as
 are offered to investors  generally.  Holder shall be issued warrants for units
 in the  Borrower  ("Principal  Warrants"),  together  with  certain  contingent
 warrants to be issued in the event of a default hereunder ("Default  Warrants",
 and together with the Principal Warrants, referred to herein and therein as the
 "Warrants"),  all in accordance with the terms of the Convertible  Note Warrant
 Agreement ("Warrant Agreement"), of even date herein

<PAGE>

         FOR  VALUE  RECEIVED,  MAXMILLIAN  PARTNERS  LLC,  a  Delaware  limited
liability  company,  having a principal  place of business at 372 Danbury  Road,
Suite 163, Wilton,  Connecticut (the "Borrower"),  promises to pay to KENNETH H.
CLOSE  (the  "Holder")  at the  offices  of the  Holder  located  in  Southport,
Connecticut, or at such other place as Holder shall designate, the principal sum
of Two Hundred Thousand and 00/100 Dollars  ($200,000.00) or, if then prepaid in
part, the outstanding principal amount, on January 25, 2004 ("Expiration Date"),
together with interest  accrued upon the outstanding  principal  amount advanced
hereunder  from time to time,  calculated on the basis of a 360-day year for the
actual  number of days elapsed,  at the rate of eight (8%) percent  (Interest"),
from the date of this Secured Convertible Note and Agreement (the "Note"), until
the Expiration Date. In no event shall the Interest hereunder exceed the maximum
rate  permitted  by  applicable  law.  Any payment in excess of the maximum rate
shall be deemed a prepayment of  principal.  Each payment shall be applied first
to the payment of Interest and then to the payment of principal.  In addition to
the other remedies  available to Holder herein,  and the Default  Adjustment set
forth in the  Warrant  Agreement  issued by  Borrower  to  Holder in  connection
herewith, in the event of default, the Interest applicable to this Note shall be
3% above  that rate  herein,  before as well as after  judgment,  order or other
determination.  The  principal  amount of this Note shall be  advanced  upon the
request of the Borrower,  and at the sole discretion of the Holder in accordance
with the conditions  herein.  The proceeds of this Note shall be used for normal
short-term working capital needs of the Borrower.

                                   ARTICLE ONE
                                   PREPAYMENT

        This Note shall not without the prior written consent of the Holder,  be
 subject to prepayment in whole or in part by Borrower, at any time prior to the
 earlier of (i) the date on which the Holder waives,  releases or terminates its
 option to convert  this Note into the equity  securities  of the Company as set
 forth hereinbelow,  and (ii) the Expiration Date, it being the intention of the
 parties that this Note shall either be (A) paid in full with  Interest  thereon
 at the  Expiration  Date, or (B) subject to Holder's prior demand on account of
 default,  converted to units of the Company upon the date of the closing of any
 Financing,  , upon the  terms  more  fully  set  forth  in  ARTICLE  TWO  below
 ("Conversion Units").

                                   ARTICLE TWO
                                CONVERSION RIGHTS

        2.1 Conversion.  At any time prior to the Expiration  Date, in the event
 Borrower  shall  propose to complete a Financing,  Holder shall have the right,
 exercisable  upon written  notice to Borrower,  to convert in whole or in part,
 any outstanding  principal  amount  hereunder  together with any and all unpaid
 Interest accrued thereon (the  "Obligation") into the Units offered by Borrower
 in such  Financing,  upon such  terms as are  offered to the  investors  in the
 Financing generally.
<PAGE>

        2.2 Conversion Mechanics. In the event Borrower shall intend to complete
a Financing  prior to the Expiration  Date, and shall prepare any term sheet for
such purpose at any time prior to the  Expiration  Date,  Borrower shall provide
Holder with written notice of the terms and other particulars pertaining to such
Financing,  whereupon  at any  time  on or  prior  to the  closing  date of such
Financing (after all applicable  extensions provided in the Term Sheet),  Holder
shall have the right,  exercisable  by  Borrower  upon notice to Borrower at any
time prior to repayment of this Note and the date of closing of such  Financing,
to convert,  in whole or in part, the amount then  representing  the Obligation,
into such equity securities as are sold or issued by Borrower in connection with
the Financing, and otherwise upon the terms made part of the offering thereof.

                                  ARTICLE THREE
                           EVENTS OF DEFAULT/SECURITY

        3.1 Default.  In the event Borrower shall: (a) fail to pay any amount of
 the  principal  or  accrued  Interest  hereupon  as same  shall  become due and
 payable;  (b) breach any of the  material  covenants or any  representation  or
 warranty of Borrower as set forth herein or in the Warrant  Agreement issued in
 connection  herewith;  or (c) any default by  Maxmillians  Mixers LLC or Drinks
 Americas,  Inc. (the  "Guarantors")  pursuant to the terms of the Guaranties or
 the  Security  Agreements  delivered  by them as security  for the  Obligations
 hereunder,  then at the option of the Holder  hereof,  and in  addition  to all
 other  remedies at law or in equity,  including  without  limitation,  Holder's
 right to exercise its security  interest in accordance  with the  provisions of
 the Article 9 of the Uniform  Commercial Code of the State of Connecticut,  all
 amounts of principal and interest then accrued hereon, shall be immediately due
 and payable,  provided  Holder shall deliver  written notice of such default at
 the offices of  Borrower,  and provide  Borrower  an  opportunity  to cure such
 default, which in the event of any default in payment shall endure for a period
 of ten (10 ) days  following  the receipt by Borrower of said notice.  Borrower
 shall pay all collection and legal expenses incurred by the Holder,  including,
 without  limitation,  reasonable  attorneys'  fees  incurred in the  collection
 hereof or in the enforcement or protection of Holder's interests herein.

        3.2 Offsets.  Any deposits or other sums at any time  credited by or due
 from Holder to Borrower,  and any  securities or other  property of Borrower at
 any time in the  possession of Holder,  may at all times be held and treated as
 collateral  for the  payment  of this  Note and any and all  other  liabilities
 (direct or indirect,  absolute or contingent,  sole, joint, or several, secured
 or  unsecured,  due or to become due,  now  existing or  hereafter  arising) of
 Borrower to Holder. Regardless of the adequacy of collateral,  Holder may apply
 or set off such deposits or other sums against such liabilities at any time.
<PAGE>

         3.3  Security  Interest.   In  order  to  secure  the  payment  of  the
Obligation,  Borrower grants Holder a continuing security interest in all assets
of the Borrower, including, without limitation, all personal property, accounts,
deposit accounts,  chattel paper, money,  documents,  licenses,  leases,  goods,
contract  rights,   equipment,   machinery,   fixtures,   general   intangibles,
instruments, inventory, work-in-process, trade names and all such other personal
property,  if  any,  specifically  listed  on  the  UCC-1  Financing  Statements
delivered  and filed by the Borrower in connection  with the security  interests
granted  herein,  whether  now  owed  or  hereafter  acquired,  and  any and all
increases,  substitutions,  replacements,  accessions and additions thereto, and
any and all replacements and all cash and non-cash proceeds and products thereof
(including proceeds of insurance policies payable by reason of loss or damage to
any of the  foregoing)  (the  "Collateral"),  all in  accordance  with the terms
herein and the terms of a Security  Agreement  delivered by Borrower  this date.
Borrower  authorizes  Holder to file  financing  statements or any other similar
instruments in any jurisdiction,  with or without the signature of Borrower,  in
order to perfect Holder's security interest in the Collateral. If Borrower fails
to make any payment of the Obligation when due, or to comply with any conversion
obligation  herein as provided,  then Holder may exercise any rights it may have
under  applicable  law arising out of such  failure.  Borrower will at all times
provide  Holder with the names and addresses of  Borrower's  existing and future
secured creditors,  and their  representatives to whom Holder may provide notice
in order to perfect its secured interest herein.

                                  ARTICLE FOUR
                          MATTERS REGARDING SECURITIES

                 Holder acknowledges that: it has had access upon request to any
 and all documents, instruments and records in the control of Borrower regarding
 Borrower's  business;  this  Note  and  the  Units  into  which  this  Note  is
 convertible   constitute   "Restricted   Securities"  in  accordance  with  the
 provisions  of  certain  federal  and state  securities  laws and the rules and
 regulations promulgated  thereunder,  and may not be eligible for resale in the
 absence  of  the  filing  of  an  effective  registration  statement  with  the
 Securities and Exchange Commission and the securities  divisions of the several
 states,  or absent an available  exemption  from such  registration;  Holder is
 loaning  funds to  Borrower  and  shall  acquire  the  equity  securities  upon
 conversion of the Obligation  herein,  if at all, for Holder's own account (and
 not for the account of others) solely for investment and not with a view to the
 distribution or resale thereof;

                                  ARTICLE FIVE
                          COVENANTS AND REPRESENTATIONS

        5.1 Advances.  Borrower  acknowledges that the proceeds hereunder are to
 be used solely to finance short-term  working capital  requirements of Borrower
 to finance either order fullfilment or inventory purchases. Use of the proceeds
 of this Note for such  purposes  shall in each  case be  communicated  to,  and
 approved,  by Holder prior to the time Borrower  shall make any  commitment for
 either such use.  Borrrower  acknowledges  that Holder's  approval rights shall
 endure until such time as the  Obligations  shall be either repaid or Converted
 hereunder,  and such  approval  rights  shall be  exercised by Holder as Holder
 shall determine in its discretion.
<PAGE>

        5.2   Information.   Borrower  shall  provide  to  Holder  any  and  all
 information  regarding  Borrower and its  operations  as Holder may  reasonably
 request for the purpose of assisting  Holder in exercising its approval  rights
 pursuant to Section 5.1 above;  provided,  however, that the completion of such
 disclosure  shall not of itself be construed to affect  Holder's  discretion as
 described in Section 5.1 above.

5.3  Representations.  Borrower,  and the undersigned  Manager in his individual
capacity,  warrant and  represent to Holder that (i) that Borrower has taken all
necessary  action and has  obtained  all  approvals  and  consents  necessary to
deliver this Note and the other agreements and instruments  delivered  herewith,
including the Warrant  Agreement;  (ii) the Guarantors  have taken all necessary
action and have  obtained all  approvals  and consents  necessary to deliver the
Guaranties  and Security  Agreements and any other  agreements  and  instruments
delivered  therewith;  (iii) there are no pending or threatened  claims  against
either  Borrower  or  Guarantors  which is  successfully  prosecuted  may have a
material adverse effect upon the operations or assets of any of them; (iv) there
is no outstanding order, decree, judgement or provision of any agreement, or any
violation  or  default  of any of same,  the  effect of which  would  prevent or
prohibit  Borrower  or  Guarantors  from  performing  each of  their  respective
obligations pursuant to this Note, the Warrant Agreement, the Guaranties and the
Security  Agreements,  in  accordance  with  their  respective  terms;  (iv) the
delivery  of the  Note  and  the  Warrant  Agreement  and  the  issuance  of the
securities  thereunder,  comply with all applicable federal and state securities
laws, and the respective regulations promulgated thereunder.

                                   ARTICLE SIX
                                  MISCELLANEOUS

        6.1 Expenses.  All attorney's fees and expenses  incurred by Borrower
and Holder in connection with this Note will be borne by Borrower.

        6.2 Parties in Interest. This  Note will be  binding  upon, inure to the
benefit of and be enforceable  by, the respective  successors and assigns of the
 parties hereto.

        6.3  Entire  Agreement;  Amendments.  This  Note,  and  the  agreements,
 instruments,  schedules,  and other writings referred to in this Note,  contain
 the entire  understanding  of the parties with respect to the subject matter of
 this  Note.  There  are  no  restrictions,  agreements,  promises,  warranties,
 covenants,  or  undertakings  other than those  expressly  set forth  herein or
 therein.  This Note supersedes all prior agreements and understandings  between
 the parties with respect to its subject  matter.  This Note may be amended only
 by a written instrument duly executed by both of the parties.
<PAGE>

        6.4 Headings.  The Article and section  headings  contained in this Note
 are for  reference  purposes only and will not affect in any way the meaning or
 interpretation of this Note.

        6.5 Notices. All notices, claims,  certificates,  requests,  demands and
 other communications under this Note ("notices") will be in writing and notices
 will be deemed to have been duly given on the date personally  delivered or the
 delivery  date as reflected on the return  receipt if mailed by  registered  or
 certified  mail,  postage  prepaid,  return  receipt  requested  at  the  above
 addresses  or to such other  address as the party to whom notice is to be given
 previously  may have  furnished to the other in writing in the manner set forth
 in this Section 6.5.

        6.6 No Waiver.  No waiver of any breach or  default  hereunder  shall be
 considered  valid unless in writing and signed by the party giving such waiver,
 and no such waiver shall be deemed a waiver of any subsequent breach or default
 of the same or similar nature.

        6.7 Severability. If any term, condition or provision of this Note shall
 be declared  invalid or  unenforceable,  the remainder of the Note,  other than
 such term,  condition  or  provision,  shall not be affected  thereby and shall
 remain in full force and effect  and shall be valid and be  enforceable  to the
 fullest extent permitted by law.

        6.8 Law  Governing.  This Note will be governed  by, and  construed  and
 enforced in accordance with, the laws of the State of Connecticut applicable to
 agreements made and to be performed in the State of Connecticut.

                                   ARTICLE SIX
                            REGARDING PRIOR DOCUMENTS

        Borrower  acknowledges  that  this  Note  replaces  and  supercedes  any
 instrument  or  promissory  note issued by Borrower to Holder prior hereto with
 respect to the specific proceeds of the loan herein, and shall not be construed
 as a novation or repayment and reissue of a new  indebtedness  for any existing
 indebtedness.

                                  ARTICLE SEVEN
                                STATUTORY WAIVERS

         7.1  Waiver Of Constitutional Rights To Notice And Hearing On
                   Prejudgment Remedy

BORROWER  HEREBY  ACKNOWLEDGES  THAT THE  TRANSACTIONS  TO WHICH THIS  AGREEMENT
RELATE ARE COMMERCIAL  TRANSACTIONS.  BORROWER HEREBY  VOLUNTARELY AND KNOWINGLY
WAIVES ITS RIGHT TO NOTICE AND HEARING  UNDER  CHAPTER  903A OF THE  CONNECTICUT
GENERAL  STATUTES,  AS AMENDED AND IN EFFECT ON THE DATE HEREOF, OR AS OTHERWISE
ALLOWED  BY ANY STATE OR  FEDERAL  LAW OR  PROCEDURAL  RULE WITH  RESPECT TO ANY
PREJUDGMENT  REMEDY OR OTHER  RIGHT OR REMEDY THAT HOLDER MAY ELECT TO USE OR OF
WHICH IT-MAY AVAEL ITSELF.
<PAGE>

         7.2  Waiver Of Constitutional Right To Jury Trial

BORROWER HEREBY KNOWINGLY AND VOLUNTARELY  WAIVES ALL RIGHTS TO TRIAL BY JURY IN
ANY ACTION OR  PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS NOTE AND IN
ANY ACTION DIRECTLY OR INDIRECTLY RELATED TO OR CONNECTED WITH THIS NOTE, OR ANY
CONDUCT  RELATING  TO  THE  ADMINISTRATION  OR  ENFORCEMENT  OF  THISNOTE,   THE
DISPOSITION  OF  COLLATERAL,  OR  OTHERWISE  ARISING  FROM  THE  DEBTOR/CREDITOR
RELATIONSHIP OF THE BORROWER AND HOLDER.  BORROWER ACKNOWLEDGES THAT THIS WAIVER
MAY  DEPRIVE IT OF AN  DOORTANT  RIGHT AND THAT SUCH  WAIVER HAS  KNOWINGLY  AND
VOLUNTARI]LY BEEN AGREED TO BY BORROWER.

        IN WITNESS WHEREOF,  the parties hereto have hereunto set their hands as
of the date first above written.

                                            BORROWER
                                            MAXMILLIAN PARTNERS LLC

                                            By: /s/
                                               ---------------------------------
                                               J.Patrick Kenny, Manager, duly
                                               authorized

                                            HOLDER

                                            /s/
                                            ------------------------------------
                                            Kenneth H. CloseExhibit 10.27

                               SECURITY AGREEMENT

      Security Agreement, dated as of July 28, 2003 (the "Security Agreement"),
by and between KENNETH H. CLOSE, an individual having a place of business in
Southport, Connecticut, (hereinafter the "Secured Party"), and MAXMILLIAN
PARTNERS LLC, a Delaware limited liability company having a principal place of
business in Wilton, Connecticut (hereinafter the "Debtor").

                                     RECITAL

      The background of the Security Agreement is that Debtor is currently
indebted to the Secured Party pursuant to the terms and conditions contained in
a certain Secured Convertible Noted and Agreement (the "Note") in the original
maximum principal amount of Two-Hundred Thousand ($200,000.00) Dollars, issued
to the Secured Party as of the date hereof. All capitalized terms not otherwise
defined herein shall have the definitions ascribed to such terms in the Note.
The Note provides, inter alia, that the Note is to be secured by this Security
Agreement and by the Guaranties of Maxmillians Mixers LLC and Drinks Americas,
Inc., which Guaranties are to be secured by similar security interests in and to
the assets of each of said Guarantors in accordance with similar security
agreements (the Guarantees and the security agreements of the Guarantors are
collectively referred to as the "Guaranty Documents"). The security interest
granted in this Security Agreement is granted by Debtor to secure each of the
payment and performance obligations of Debtor arising under the Note, and the
payment and performance obligations by the respective Guarantors under the
Guaranty Documents (collectively as to Debtor, the "Obligations")

      1. Grant of Security Interest. Debtor, for value received, hereby grants
to Secured Party, a continuing security interest in the following property now
or hereafter owned by Debtor (the "Collateral") to secure the payment and
performance obligations of the Debtor, as more specifically set forth in the
Note, and the payment and performance obligations of the Guarantors as set forth
in the Guaranty Agreements.

            (a) the property described in Schedule "A" annexed hereto and made a
part hereof;

            (b) all property, goods and chattels of the same classes as those
set forth in Schedule "A" acquired by the Debtor subsequent to the execution of
this Agreement and prior to its termination;

            (c) proceeds of the Collateral; and

            (d) all increases, substitutions, replacements, additions and
accessions to the Collateral, other than with respect to any motor vehicles or
replacements which are subject to a purchase money security interest of any
other party at the time such same are acquired; and (ii) from which products and
proceeds shall not serve as Collateral hereunder to the extent utilized to
acquire other motor vehicles to be used by Debtor.

<PAGE>

      2. Ownership of Collateral. Debtor represents that it has good title to
all property described in Schedule "A", subject only to the prior secured
interest of Debtor's institutional lender in respect of indebtedness relating to
the acquisition by Debtor of the Assets from Seller, or any amendments
modifications, renewals, or refinancing of such indebtedness (the "Lender");
that it has the right to convey a security interest in such Collateral to the
Secured Party; and that except for the Lender, no other person has or purports
to have any right, title, lien, encumbrance, adverse claim, or interest in such
property except as disclosed in writing to, and accepted in writing by, the
Secured Party. Debtor further represents and warrants that (i) all action
necessary to enable Debtor to execute this Security Agreement and the Note and
to perform same in accordance with their respective terms, including the grant
of the security interest herein, has been taken, (ii) that no consent of any
party is required for the execution, delivery and performance by Debtor of this
Security Agreement and the Note, (iii) that this Security Agreement and the Note
constitute the valid binding and enforceable obligation of Debtor; (iv) that the
execution and performance of this Security Agreement and the Note by the Debtor
will not result in any violation of any material agreement, indenture or other
instrument to which Debtor is a party or any judgment decree, order, law or
regulation applicable to Debtor; and (v) that the security interest granted
pursuant to this Security Agreement, upon due filing of the appropriate
financing statement will constitute a valid and perfected security interest.

      3.Use of Collateral.

      Debtor represents that the Collateral has been acquired and is used by the
Debtor, or will be acquired and will be used by Debtor, for the purpose of
operating the business of the Debtor (the "Use").

      4.Acts to Be Performed by Debtor.

      Debtor agrees as follows:

      (a) Payment and Performance. Debtor shall pay and perform all of the
Obligations secured by this Security Agreement according to their terms.

      (b) Further Assurances. Debtor shall defend the title to the Collateral
against all persons and against all claims and demands whatsoever, and shall
indemnify Secured Party for all costs, fees, and expenses incurred in connection
with such claims and demands. On demand by Secured Party, Debtor shall (i)
furnish further assurance of title, (ii) execute any written instrument or do
any other acts necessary to make effective the purposes and provisions of this
Security Agreement, and (iii) execute any financing statement instrument or
statement required by the Secured Party or by law or otherwise in order to
perfect or continue the security interest of the Secured Party in the Collateral
free of all other liens, claims and rights of any third parties whatsoever
except as provided herein.

                                       2
<PAGE>

      (c) Possession and Removal. Debtor may remain in possession of the
Collateral until and unless Debtor shall be in default under this Security
Agreement, provided Debtor shall not permit the Collateral to be removed from
its present location(s) without consent of the Secured Party.

      (d) Sale and Exchange. Debtor shall not, without the written consent of
the Secured Party, sell, exchange, contract to sell, lease, encumber or transfer
the Collateral, and whether or not such consent has been obtained, the proceeds
of such sale, exchange, or transfer shall be applied to the obligations secured
by this Security Agreement, or become subject to the security interest of this
Security Agreement, provided, however that nothing herein shall be construed to
prohibit the sale of Collateral in the ordinary course of the Business; or

            (i) Simultaneously with or prior to such removal any such Collateral
(to the extent the Collateral may be susceptible of removal) such Collateral
shall be replaced with other property of a value at least equal to that of the
replaced Collateral and shall be free from any security interest or other
encumbrance and from any reservation of title, and by such removal and
replacement Debtor shall be deemed to have subjected such replacement property
to this Agreement, or

            (ii) Any net cash proceeds received from such disposition (other
than from the collection of accounts receivable in the ordinary course of
business) shall at the election of the Secured Party, be paid over promptly to
the Secured Party to be held as security for the performance and payment of all
obligations secured by this Agreement according to their terms or applied to the
payment thereof.

      (e) Certain Acts Required.

            (i) Proper Care and Inspection. Debtor shall maintain the Collateral
in good and saleable condition and repair, and shall clean, shelter, and
otherwise deal with the Collateral in all such ways as are considered good
practice by owners of like property. Debtor shall use the Collateral lawfully
and only as permitted by the policies of insurance required in accordance with
Paragraph 4(e)(ii), below.

            (ii) Insurance.

                  (A) Debtor shall keep the Collateral insured for the benefit
of Secured Party against loss by fire and other casualties or risks in such form
and amount, and with such companies, as may be required by Secured Party. Such
insurance policies shall name the Secured Party as an additional insured under
such policies. Debtor agrees to deliver the insurance policies to Secured Party
upon request therefor, and Debtor hereby appoints the Secured Party the attorney
for the Debtor in obtaining, adjusting and canceling any such insurance with
respect to the Collateral and in endorsing settlement drafts, and hereby assigns
to the Secured Party all sums which may become payable under such insurance,
including return premiums and dividends, which sums shall serve as additional
security for the indebtedness, provided, however, that in the absence of any
default hereunder or under the Note, Debtor shall have the right to expend such
sums paid by any insurer as a result of any casualty or loss to the Collateral
for any like Collateral, which such like Collateral shall be secured hereunder.
Debtor shall give immediate written notice to the Secured Party and to insurers
of loss or damage to the Collateral and shall promptly file proofs of loss with
insurers.

                                       3
<PAGE>

                  (B) Debtor shall maintain comprehensive general liability
insurance in respect of the Use for at least One Million ($1,000,000.00) Dollars
combined single limit for bodily injury and property damage, naming the Secured
Party as an additional insured. All policies of insurance shall provide for at
least thirty (30) days written cancellation notice to the Secured Party. The
Secured Party shall be named as a loss payee, as its interest may appear, and at
the request of the Secured Party shall be delivered to the Secured Party to be
held by it.

            (iii) Encumbrances and Taxes. Debtor shall keep the Collateral free
from all prior security interests, liens, claims, charges, and encumbrances
other than the security interest previously granted to Nexcomm International
Beverage, LLC, in accordance with a security agreement, dated April 8, 2003, and
shall pay when due all taxes and assessments relating to the Collateral.

            (iv) Information. Debtor will keep at its address set forth herein,
its records concerning the Collateral and promptly make such records available
for inspection by the Secured Party upon request. Debtor shall furnish promptly
to Secured Party any other information which the Secured Party may reasonably
require, and Debtor hereby represents and warrants that its records concerning
the Collateral and any such information at any time supplied to Secured Party
(including, but not limited to, the value and condition of the Collateral, and
the accuracy of any financial statements) is (or will be) true and accurate in
all material respects.

            (v) Notification of Change. Debtor shall notify Secured Party
promptly of any change in the location of the Collateral, Debtor's place or
places of business, or Debtor's mailing address.

            (vi) Debtor shall use the Collateral solely for the Use described in
Paragraph 3.

            (vii) Debtor shall not use or maintain the Collateral in any manner
prohibited by any terms of any insurance policies covering such Collateral, any
state, federal or local law or ordinance or in any manner which may give rise to
any claims or rights of third parties against the Collateral.

                                       4
<PAGE>

            (viii) Debtor shall indemnify and hold Secured Party harmless from
and against any loss, liability, damage, cost and expense whatsoever arising
from Debtor's use, operation, ownership or possession of the Collateral, except
for such loss, cost or expense resulting from the Secured Party's gross
negligence or willful misconduct.

            (ix) Debtor shall promptly notify the Secured Party of any event
causing material loss, theft, damage, destruction or depreciation of the
Collateral, and the amount thereof, as well as any other matters affecting the
value, enforceability or collectability of any of the Collateral, which notice
shall be delivered immediately upon Debtor's knowledge of any such event.

            (xi) Debtor shall pay all costs, including but not limited to,
reasonable attorneys fees, incurred by the Secured Party in connection with the
perfection, continued perfection, and preservation of its interests in the
Collateral, and shall reimburse the Secured Party, on demand, for all of the
Secured Party's expenses and costs, including reasonable fees and expenses of
its counsel, in connection with the enforcement of this Security Agreement or
any proceeding brought or threatened to enforce payment of any of the
obligations arising hereunder, or in prosecuting or defending against any
actions or proceedings commenced under the United States Bankruptcy Code, as
amended, or under any similar state law or regulation.

      (f) Failure to Perform Acts.

            (i) Performance by Secured Party. Upon failure by the Debtor to
perform any of the acts to be performed by Debtor in accordance with Paragraph
4(e) above, the Secured Party shall be authorized and shall have the option to
perform any and all of said acts in any manner deemed proper by the Secured
Party, without waiving any rights with respect to the enforcement of this
Agreement.

            (ii) Advances Secured. Any and all reasonable expenses (including,
without limitation, counsels' fees, the cost of insurance, and payment of taxes
or other charges) paid by the Secured Party in respect of the Collateral shall
be deemed advanced to the Debtor by the Secured Party as part of the
Obligations, and shall be secured by the security interest granted in this
Security Agreement.

      5.Default. At the option of the Secured Party, the Obligations secured
under this Agreement shall become immediately due and payable in full upon the
happening of one or more of the following events ("Events of Default"):

                  (a) If there shall occur an event of default in the
Obligations;

                  (b) There shall occur any failure to make payment of any
amount due and payable pursuant to this Security Agreement when due, and such
failure shall continue for a period in excess of ten (10) days after written
notice, or if there shall occur any other breach, or the failure to perform, any
covenant, condition or provision of the this Security Agreement and such breach
or failure continues for a period in excess of thirty (30) days following the
date of written notice of such breach or failure; provided, however, that in the
event such breach or notice is not susceptible of cure within said thirty (30)
day period, then within such additional reasonable period as may be required to
cure such breach or failure; further provided, such cure shall have been
diligent commenced during said initial thirty (30) day period.

                                       5
<PAGE>

              (c) In the event any representation set forth in this Security
 Agreement shall be false, or if any warranty herein shall be breached.

              (d) If the Debtor shall fail to comply with any statute,
 requirement, rule, regulation, order or decree, of any federal, state,
 municipal or other governmental authority relating to the Collateral which
 impairs the security interest granted hereunder.

              (e) If the Collateral or any portion thereof, or any interest of
 the Debtor therein, shall be levied upon or attached by virtue of an execution
 issued upon any judgment or a writ of attachment or any other process, and not
 released within sixty (60) days.

              (f) If there shall be filed by the Debtor, or any other party
 against the Debtor, in any court pursuant to statute, either of the United
 States or any state, a petition in bankruptcy or insolvency or for
 reorganization, or for the appointment of a receiver or trustee of all or any
 portion of the Debtor's property, or in the event there shall be any assignment
 by the Debtor for the benefit of creditors; provided, however, that in the
 event such a petition shall be involuntary, no default shall be deemed to have
 occurred hereunder unless such petition is not dismissed within sixty (60) days
 following the commencement of any such proceedings against Debtor.

       6. Remedies Upon Default.

      (a) General. In the event there shall occur any default under this
Security Agreement which is not cured within ten (10) days following written
notice thereof from Secured Party to Debtor, the Secured Party shall have in
addition to those provided in this Security Agreement, all rights and remedies
available to a secured party upon default as provided in the Uniform Commercial
Code.

                                       6
<PAGE>

      (b) Notice to Accounts. Upon the occurrence of an Event of Default
hereunder, Debtor shall, at the request of the Secured Party, notify and direct
its current and future account debtors to remit all amounts then owed or
thereafter owing to the Debtor to a post office box established and rented by
the Secured Party, and in which the Secured Party shall have exclusive and
unrestricted access thereto, all of the express purpose of instituting and
maintaining a lock box arrangement in respect of Debtor's accounts. The Debtor
hereby constitutes the Secured Party or its designee as Debtor's
attorney-in-fact with power to endorse Debtor's name upon any notes,
acceptances, checks, drafts, money orders or other instruments or forms of
payment that may come into the Secured Party's possession; to sign Debtor's name
on any invoice or bill of lading relating to any of its accounts, drafts against
the Debtor's account debtors, assignments and verifications of its accounts and
notices to the Debtor's account debtors; to notify the Post Office authorities
to change the address for delivery of mail addressed to the Debtor to such
address as the Secured Party may designate; and to do all other acts and things
necessary to carry out a lock box facility. All acts of said attorney or
designee are hereby ratified and approved, and said attorney or designee shall
not be liable for any acts or omission or commission, nor for any error of
judgment or mistake of act of law; this power being coupled with an interest is
irrevocable while any obligations of the Debtor arising hereunder remain
unsatisfied. In addition, upon the occurrence of any Event of Default hereunder,
or if the Secured Party shall have any reason to believe that not all of
Debtor's accounts are being paid into such lock boxes, Secured Party may itself
so notify the account debtors of the Debtor, without notice to the Debtor, and
direct any and all such accounts to remit such amounts owing under the accounts
directly to the Secured Party. At its option and in its sole business judgment,
the Secured Party may collect, bring suit, extend the time for payment of,
compromise or settle for cash, credit or otherwise upon any terms, any of
Debtor's accounts or any securities, instruments or insurance applicable thereto
and/or release the obligor thereon. The Secured Party is authorized and
empowered to undertake each and every of the foregoing acts without notice to or
consent of the Debtor, all without discharging or in any way affecting Debtor's
liability hereunder. Nothing herein contained shall be construed to constitute
the Debtor as an agent of the Secured Party for any purpose whatsoever, and the
Secured Party shall not be responsible or liable for any shortage, discrepancy,
damage, loss or destruction of any part of the Collateral wherever the same may
be located and regardless of the cause whereof, except to the extent same may
result from the Secured Party's own gross negligence or willful misconduct. The
Secured Party shall not under any circumstances or in any event whatsoever, have
any liability for any error or omission or delay of any kind occurring in a
settlement, collection or payment of any of Debtor's accounts or any instrument
received in payment thereof or for any damage resulting therefrom. The Secured
Party does not by anything herein or in any assignment or otherwise, assume any
of Debtor's obligations under any contract or agreement, and the Secured Party
shall not be responsible in any way for the performance by Debtor of any of the
terms and conditions contained herein. At any time subsequent to the occurrence
of any Event of Default hereunder, the Secured Party shall have the right to
instruct the Debtor's accountants at Debtor's expense, to verify the balances
outstanding on any and all of the accounts. Any checks, drafts, money orders,
cash, items or other instruments processed in the accordance with the foregoing
shall be applied as of the date received by the Secured Party to any unpaid
balance of any of the obligations of the Debtor, including but not limited to
the outstanding balance under the Note, subject to the Secured Party's right to
debit any such unpaid balance for any dishonored checks, drafts, money orders,
cash items, or instruments returned by the payor thereof.

                                       7
<PAGE>

      (c) Assembly of Collateral. In the event of default which is not cured as
provided in Paragraph 6(a), above, the Debtor shall, upon request of the Secured
Party, assemble the Collateral and make it available to the Secured Party at a
place reasonably convenient to both parties designated by the Secured Party.

      (d) Notice of Disposition. If an event of default (as defined in Paragraph
6) has occurred under this Agreement, the Secured Party may sell the Collateral
at a public or private sale for cash or otherwise. The Secured Party shall give
the Debtor notice of the time and place of any public sale of any of the
Collateral or of the time after which any private sale or any other intended
disposition thereof is to be made by sending notice by first-class mail, postage
prepaid and addressed to the Debtor at the latest address of Debtor appearing on
the records of the Secured Party at least five (5) days before the time of the
sale or other disposition, which provisions for notice the Debtor and Secured
Party agree are reasonable.

      (e) Application of Proceeds. Any proceeds of any disposition of the
Collateral, either in whole or in part, shall be applied by the Secured Party
first to the payment of expenses in connection with the Collateral and the
disposition thereof, including without limitation, reasonable counsels' fees and
legal expenses, and any balance of such proceeds may be applied by the Secured
Party to the payment of such of the Obligations secured by this Agreement, and
in such order of application, as the Secured Party may from time to time elect.

      (f) Debtor hereby appoints the Secured Party as its agent and attorney in
fact for the administration of this Agreement, including the sale of the
Collateral upon default. Such appointment as attorney in fact shall be coupled
with an interest and shall be irrevocable.

      7. Covenant to Pay Deficiency.

      In the event the sale or other disposition of the Collateral shall be
insufficient to satisfy the obligations secured by this Agreement and the
reasonable expenses of retaking, holding, preparing for sale, selling and the
like, including without limitation, reasonable attorneys' fees and legal
expenses incurred by the Secured Party in connection with this Agreement or the
Obligations secured hereby, the Debtor shall be and remain liable for any and
all of such deficiency.

      8. Miscellaneous.

      (a) Waiver of Certain Matters. The Debtor expressly waives all
requirements of presentment, protest, notice of protest, notice of non-payment
or dishonor.

      (b) Non-Waiver of Certain Matters. Any failure by the Secured Party to
exercise any right set forth in this Agreement shall not constitute a waiver
thereof. Nothing in this Agreement or in the Obligations secured hereby shall
preclude any other remedy by action or otherwise for the enforcement of this
Agreement or for the payment in full of the Obligations hereby secured.

                                       8
<PAGE>

      (c) No Discharge. No party to this Agreement shall be discharged by any
extension of time, additional advances, notice, renewals and extensions of the
Note, the taking of further security, the extinguishment or release of the
security interest as to all or any part of the Collateral, or any other act or
omission, except by release or discharge of the security interest upon the full
payment of the Obligations secured hereby.

      (d) Succession. This Agreement shall be binding upon and inure to the
benefit of the respective successors and assigns of the Debtor and the Secured
Party. Debtor may not assign its rights or obligations under this Agreement
without the written consent of the Secured Party.

      (e) Notices. All notices, requests, demands and other communications made
in connection with this Agreement shall be in writing and shall be deemed to
have been duly given (a) on the date of delivery, if delivered to the persons
identified below, (b) seven calendar days after mailing if mailed, with proper
postage, by certified or registered mail, postage prepaid, return receipt
requested, addressed as follows:

      If to the Secured Party

                  59 Old Post Road
                  Southport, Connecticut 06490
                  Attn: Kenneth H. Close

         With a copy to:

                  Samuel  Febbraio, Jr., Esq.
                  Berkowitz, Trager  & Trager, LLC
                  235 Post Road West
                  Westport, CT.  06880

 If to the Debtor:

                  372 Danbury Road
                  Wilton, Connecticut 06897
                  Attn:  J.Patrick Kenny

 With copy to:

                  Robert Shepard, Esq.
                  Ballon Stoll Bader and Nadler, PC.
                  1450 Broadway
                  New York, New York  10018-2268

                                       9
<PAGE>

 or (c) on the date of receipt if sent by telecopy, and confirmed in writing in
 the manner set forth in (b) on or before the next day after the sending of the
 telex or telecopy. Such addresses and numbers may be changed, from time to
 time, by means of a notice given in the manner provided in this Section.

      (f) Governing Law. The rights and duties of the parties under this
Agreement shall be governed by the laws of the State of Connecticut applicable
to contracts executed and to be wholly performed within such State, and Debtor
hereby irrevocably consents to the jurisdiction and venue of all state and
federal courts in the City of Hartford in any action based upon this Agreement.

                                       10
<PAGE>

        IN WITNESS WHEREOF, the undersigned have duly executed this Security
 Agreement as of the date set forth above.

                                                  DEBTOR
                                                  MAXMILLIAN PARTNERS LLC

                                                  By: /s/_______________________
                                                  J. Patrick Kenny, Manager,
                                                  duly authorized

                                                  SECURED PARTY

                                                  /s/_______________________
                                                  Kenneth H. Close

                                       11
<PAGE>

                                   SCHEDULE A

        (1) All accounts, contract rights, instruments, documents, chattel
 paper, general intangibles (including, but not limited to choses in action, tax
 refunds, and insurance proceeds); any other obligations or indebtedness owed to
 Debtor from whatever source arising; all rights of Debtor to receive any
 payments in money or kind; all guaranties of the foregoing and security
 therefor; all of the right, title, and interest of Debtor in and with respect
 to the goods, services, or other property that gave rise to or that secures any
 of the foregoing and insurance policies and proceeds relating thereto, and all
 rights of Debtor as an unpaid seller or lessor of goods and services,
 including, but not limited to, the rights to stoppage in transit, replevin,
 reclamation, and resale; and all of the foregoing, whether now owned or
 existing or hereafter created or acquired.

        (2) All goods, merchandise, and other personal property now owned or
 hereafter acquired by Debtor that are held for sale or lease, or are furnished
 or to be furnished under any contract of service or lease or are raw materials,
 work-in-process, supplies, or materials used or consumed in Debtor's business,
 and all products thereof, and all substitutions, replacements, additions, or
 accessions therefor and thereto.

        (3) All inventory, machinery, equipment, furniture and fixtures, now
 owned or hereafter acquired by Debtor, and used or acquired for use in the
 business of Debtor, together with all accessions thereto and all substitutions
 and replacements thereof and parts therefore.

        (4) All cash or noncash proceeds of any of the foregoing, including
 insurance proceeds.

        (5) All ledger sheets, files, records, documents, and instruments
 (including, but not limited to, computer program, tapes, and related electronic
 data processing software) evidencing an interest in or relating to the above.

        (6) All instruments, documents, securities, property, and the proceeds
 of any of the foregoing, owned by Debtor or in which Debtor has an interest,
 which now or hereafter are at any time in the possession or control of Secured
 Party or in transit by mail or carrier to or in the possession of any third
 party acting on behalf of Secured Party, without regard to whether Secured
 Party received the same in pledge, for safekeeping, as agent for collection or
 transmission or otherwise or whether Secured Party had conditionally released
 the same.

                                       12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00079-of-00352.parquet"}]]