Document:

Unassociated Document

    SUBORDINATED
      REVOLVING

    LINE
      OF CREDIT AGREEMENT

     

    This
      Subordinated Revolving Line of Credit Agreement (this “Agreement”)
      is
      made as of _________, 2006 by and between Beverage Acquisition Corporation,
      a
      Delaware corporation (“Borrower”),
      and
      the individuals and entities set forth on Schedule A (“Lenders”),
      with
      reference to the following facts.

     

    (a)  Borrower
      has been organized for the purpose of effecting a merger, capital stock
      exchange, asset acquisition or other similar business combination with an
      operating business (a “Business
      Combination”).

     

    (b)  Borrower
      proposes to: (a) make a public offering (the “Public
      Offering”)
      of its
      securities pursuant to a registration statement (File No. 333-________) (the
      “Registration
      Statement”)
      filed
      with and to be declared effective by the Securities and Exchange Commission
      (the
“SEC”);
      (b) deposit the net proceeds from the Public Offering into a trust account
      (the “Trust
      Account”)
      for
      the benefit of the purchasers of securities in the Public Offering, to be held
      and disbursed in accordance with the terms of the Investment Management Trust
      Agreement to be entered into between Borrower and Continental Stock Transfer
      and
      Trust Company, as trustee (the “Trust
      Agreement”);
      and
      (c) utilize the funds in the Trust Account in connection with a Business
      Combination. “Net proceeds” refers to the proceeds of the Public Offering, net
      of offering costs, underwriting discounts and $750,000 of such proceeds to
      be
      used for general corporate purposes (such $750,000, the “Non-Trust
      Funds”).

     

    (c)  
      Borrower may need additional funds (i) to pay costs and expenses prior
      to consummation of a Business Combination or (ii) to pay costs, expenses
      and claims in connection with Borrower’s dissolution and the liquidation of
      Borrower and the Trust Account to its public stockholders.

     

    (d)  On
      the terms and subject to the conditions set forth in this Agreement, Lenders
      are
      willing to make available to Borrower a revolving line of credit to pay certain
      costs and expenses that may arise prior to a Business Combination or to pay
      costs, expenses and claims in connection with Borrower’s dissolution and the
      liquidation of the Trust Account to its public stockholders (the “Loan”).

     

    1.  The
      Loan

     

    1.1  If
      the Non-Trust Funds are insufficient for the Borrower’s working capital purposes
      (including the payment of costs, expenses and claims in connection with
      Borrower’s dissolution and the liquidation of Borrower and the distribution of
      the Trust Account to its public stockholders), then Lenders agree to make
      advances to Borrower, and Borrower agrees to repay such advances, from time
      to
      time in accordance with the terms and conditions of this Agreement and the
      form of revolving promissory note attached hereto as Exhibit A (the
“Note”);
      provided, however, that notwithstanding anything to the contrary in this
      Agreement, at no time shall the aggregate of all advances and readvances
      outstanding under the Loan at any time exceed $250,000. Each Lender shall be
      obligated to advance or readvance his pro-rata share to the Borrower, up to
      such
      amount per Lender as indicated on Schedule A. This Agreement and the Note are
      each sometimes referred to in this Agreement individually as a “Loan
      Document,”
and
      are sometimes collectively referred to as the “Loan
      Documents.”

    

     

    1.2  Lenders’
      obligation to make advances shall expire upon the first to occur of the
      following:

     

    1.2.1  Upon
      a material breach or default of any representation, warranty or agreement of
      Borrower that is not cured or corrected within 20 days of notice of such breach
      from any Lender;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1.2.2  Upon
      consummation of a Business Combination;

     

    1.2.3  If
      no Business Combination is consummated, after the completion of the liquidation
      of the Trust Account and Borrower’s completed and fully implemented dissolution
      and distribution;

     

    1.2.4
      Thirty days after Borrower provides written notice to Lenders of its termination
      of this Agreement and the Loan, and the payment of all amounts due hereunder
      to
      Lenders.

     

    2.  Conditions
      of Advances.
      Upon
      reasonable advance request from Borrower, Lenders shall make advances to or
      as
      directed by Borrower, provided that each and all of the following conditions
      is
      satisfied:

     

    2.1  Borrower
      shall have executed and delivered the Note to Lenders, as
      applicable;

     

    2.2  The
      aggregate amount of outstanding advances following such advance shall not exceed
      $250,000;

     

    2.3  The
      representations and warranties of Borrower in the Loan Documents shall be true
      and correct in all material respects;

     

    2.4
      Borrower shall have complied in all material respects with each of its
      agreements in the Loan Documents; 

    

    2.5  The
      advances shall be used only for such purposes as are set forth in
      Section 4.1 of this Agreement; and

     

    2.6 
      Borrower shall have completed the Public Offering.

     

    3.  Borrower
      Representations

     

    3.1  Borrower
      represents and warrants as follows:

     

    3.1.1  Borrower
      has full power and authority to execute and deliver this Agreement and the
      other
      Loan Documents to be executed and delivered by it pursuant hereto and to
      perform its obligations hereunder and thereunder. This Agreement and such
      Loan Documents constitute the valid, legal and binding obligations of the
      Borrower and are enforceable against Borrower in accordance with their
      terms.

     

    3.1.2  Neither
      the execution and the delivery of the Loan Documents by Borrower, nor the
      consummation of the transactions contemplated by the Loan Documents,
      nor the borrowing by Borrower, will (a) violate any constitution,
      statute, regulation, rule, injunction, judgment, order, decree, ruling, charge,
      or other restriction of any government, governmental agency, or court to which
      Borrower is subject or any provision of the Amended and Restated Certificate
      of
      Incorporation or Bylaws of Borrower, or (b) conflict with, result in a
      breach of, constitute a default
      under,
      result in the acceleration of, create in any entity or natural person (each,
      a
“Person”)
      the
      right to accelerate, terminate, modify, or cancel, any agreement, contract,
      lease, license, instrument, or other arrangement to which Borrower is a party
      or
      by which it is bound or to which any of its assets are subject (or result in
      the
      imposition of any security interest upon any of its assets), in each case other
      than where such violation, conflict, breach, default, acceleration or creation
      of right would not reasonably be expected to have a material adverse effect
      on
      the ability of Borrower to repay amounts due under the Note in accordance with
      the terms of the Loan Documents. (a “Material
      Adverse Effect”).

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    3.1.3  Borrower
      does not need to give any notice to, make any filing with, or obtain any
      authorization, permit, certificate, registration, consent, approval or order
      of
      any government or governmental agency in order for the parties to consummate
      the
      transactions contemplated by this Agreement, except where the failure would
      not
      reasonably be expected to have a Material Adverse Effect.

     

    3.1.4  The
      conditions to the obligation of Lenders to make the advance, as set forth in
      Section 2, shall be satisfied.

     

    3.2  Each
      and every representation and warranty made by Borrower in this Agreement shall
      be deemed renewed and remade upon the making of each and every advance or
      re-advance under the Note that Lenders may make.

     

    4.  Borrower
      Covenants.
      For as
      long as Lenders shall have a commitment to make advances or there shall be
      any
      outstanding balance on the Loan, without the prior consent of Lenders, Borrower
      shall:

     

    4.1  use
      the proceeds of any advance made hereunder only for (i) ordinary and
      reasonable operating costs and expenses during the period Borrower seeks to
      identify, investigate, negotiate and consummate a Business Combination,
      including Borrower’s reporting obligations with the SEC, the audit and review of
      Borrower’s financial statements, identifying and investigating potential targets
      for a Business Combination, deposits, down payments or funding of “no-shop”
provisions in connection with a particular Business Combination, negotiating
      and
      closing the Business Combination, legal and other professional fees and
      expenses, fees, salaries and compensation for directors, officers, employees,
      consultants and advisors, and insurance premiums or (ii) to pay claims of
      vendors, prospective target businesses or other entities related to
      4.1(i) and any costs or expenses incurred in connection with Borrower’s
      dissolution and the liquidation of Borrower and the distribution of the Trust
      Account to its public stockholders;

     

    4.2  not
      declare or pay any dividend or distribution with respect to, or repurchase
      or
      redeem any shares of, the capital stock of Borrower, provided that this shall
      not prohibit payments from the Trust Account to stockholders of Borrower in
      accordance with the Trust Agreement;

     

    4.3  not
      engage in any business other than identifying, investigating, negotiating and
      closing a Business Combination;

     

    4.4  not
      make any material capital expenditure or purchase any material property or
      asset
      (other than office supplies and equipment); and

     

    4.5  upon
      request of Lenders, provide to Lenders copies of all filings with the Securities
      and Exchange Commission.

     

    5.  No
      Recourse to Trust Account

     

    Lenders,
      on behalf of themselves and their successors and assigns, hereby acknowledge
      and
      agree that under no circumstance shall Lenders have any right, title or interest
      in or to any of the funds in the Trust Account, notwithstanding the fact that
      such funds were received for the purchase and sale of securities of Borrower,
      or
      any funds distributed from the Trust Account other than in a Business
      Combination Distribution (as defined below), and that their sole recourse for
      repayment of any and all amounts due under the Note shall be against the assets
      or properties of Borrower never deposited into the Trust Account or distributed
      to Borrower from the Trust Account in a Business Combination Distribution.
      Lenders hereby irrevocably waive any claim that they might have to funds in
      the
      Trust Account, and any funds distributed from the Trust Account other than
      in a
      Business Combination Distribution, at law or in equity, agree not to make any
      such claim, and agree to indemnify and hold Borrower harmless from any such
      claim made by or on behalf of Lenders. For purposes of this Section 5, a
“Business
      Combination Distribution”
means
      a
      distribution from the Trust Account in connection with the consummation of
      a
      Business Combination pursuant to the Trust Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6.  Events
      of Default.
      The
      occurrence of any of the following shall constitute an event of default (an
      “Event
      of Default”)
      hereunder and under each and every other Loan Document:

     

    6.1  The
      Borrower shall fail to pay any principal or any other amount as and when due
      and
      payable under any Loan Document;

     

    6.2  Any
      representation or warranty which is made or deemed made in any Loan Document
      by
      the Borrower shall prove to have been incorrect or misleading in any material
      respect on or as of the date made or deemed made or remade;

     

    6.3  The
      Borrower shall fail to perform or observe any term, provision, covenant, or
      agreement contained in any Loan Document to be performed or observed by the
      Borrower (other than any payment obligation) and such failure shall continue
      more than 20 days after notice thereof from Lenders;

     

    6.4  The
      Borrower shall (a) generally not, or be unable to, or admit in writing its
      inability to, pay its debts as such debts become due, only after the Company
      has
      borrowed the entire $250,000 pursuant hereto; or (b) 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 (c) 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 (d) have any such petition or application filed or any such
      proceeding commenced against it in which an order for relief is entered or
      adjudication or appointment is made and which remains undismissed for a period
      of 30 days or more; or (e) by any act or omission to act indicate consent
      to, approval of, or acquiescence in any such petition, application, or
      proceeding, or order for relief, or the appointment of a custodian, receiver,
      or
      trustee for all or any such substantial part of its properties; or
      (f) suffer any such custodianship, receivership, or trusteeship for all or
      any substantial part of its properties; or (g) suffer any such
      custodianship, receivership, or trusteeship to continue undischarged for a
      period of 30 days or more; provided,
      however
      , that
      the adoption of a plan of dissolution and distribution and its implementation
      by
      the Borrower’s Board of Directors that is approved by its stockholders due to
      the failure of Borrower to complete a Business Combination shall not in any
      instance be deemed an Event of Default hereunder; or

     

    6.5  At
      any time after execution and delivery of this Agreement, and whether or not
      due
      to any fault of Lender, any Loan Document shall cease to be in full force and
      effect and enforceable in accordance with its terms, or shall be declared null
      and void.

     

    7.  Consequences
      of Default.
      If an
      Event of Default shall occur, Lenders:

     

    7.1  shall
      have no further obligation to make advances under the Loan Documents;
      and

     

    7.2  may declare
      the Note and all amounts payable under this Agreement and any other Loan
      Document to be forthwith due and payable, whereupon the Note and all such
      amounts shall become and be forthwith due and payable, without presentment,
      demand, protest, or further notice of any kind, all of which are hereby
      expressly waived by Borrower.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    8.  Miscellaneous
      Provisions

     

    8.1  Notices.
      All
      notices, requests, demands and other communications (collectively, “Notices”)
      given
      pursuant to this Agreement shall be in writing, and shall be delivered by
      personal service, courier, facsimile transmission or by United States first
      class, registered or certified mail, addressed to the following
      addresses:

     

    
      	
              If
                to

            	
               

            	
              Beverage
                Acquisition Corporation

            
	
               

            	
               

            	
              2670
                Commercial Avenue

            
	
               

            	
               

            	
              Mingo
                Junction, Ohio 43938

            
	
               

            	
               

            	
              Facsimile:
                ___________

            
	
               

            	
               

            	
               

            
	
              If
                to Lenders:

            	
               

            	 
	
               

            	
               

            	 
	
               

            	
               

            	 
	
               

            	
               

            	 

    

     

    Any
      Notice, other than a Notice sent by registered or certified mail, shall be
      effective when received; a Notice sent by registered or certified mail, postage
      prepaid return receipt requested, shall be effective on the earlier of when
      received or the third day following deposit in the United States mails (or
      on
      the seventh day if sent to or from an address outside the United States). Any
      party may from time to time change its address for further Notices
      hereunder by giving notice to the other party in the manner prescribed in this
      Section.

     

    8.2  No
      Waivers; Remedies Cumulative.
      No
      failure or delay by a party in exercising any right, power or privilege
      hereunder shall operate as a waiver thereof, nor shall any single or partial
      exercise thereof preclude any other or further exercise thereof or the exercise
      of any other right, power or privilege. The rights and remedies provided herein
      shall be cumulative and not exclusive of any rights or remedies provided by
      law.

     

    8.3  Amendments
      and Waivers.
      Any
      provision of this Agreement may be amended or waived if, but only if, such
      amendment or waiver is in writing and is signed by Borrower and
      Lenders.

     

    8.4  Successors
      and Assigns.
      Borrower may not assign its right or duties hereunder without the prior
      written consent of Lenders, which consent Lenders may deny, withhold or
      delay in its sole and absolute discretion.

     

    8.5  Governing
      Law.
      This
      Agreement has been made and entered into in the State of New York and shall
      be
      construed in accordance with the laws of the State of New York without giving
      effect to the principles of conflicts of law thereof.

     

    8.6  Prior
      Understandings.
      This
      Agreement supersedes all prior understandings and agreements (whether written,
      oral or otherwise) pertaining to the subject matter hereof, and constitutes the
      entire agreement between the parties hereto relating to the subject matter
      hereof and the transactions provided for herein.

     

    8.7  Counterparts.
      This
      Agreement may be executed in any number of counterparts each of which shall
      be deemed an original and all of which shall constitute one and the same
      agreement with the same effect as if all parties had signed the same signature
      page. The parties shall accept facsimile signatures as the equivalent of
      original ones.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    8.8  Severability.
      If any
      provision of this Agreement or the application of such provision to any Person
      or circumstance will be held invalid, the remainder of this Agreement or the
      application of such provision to Persons or circumstances other than those
      to
      which it is held invalid will not be affected thereby.

     

    8.9  Additional
      Documents and Acts.
      Borrower shall execute and deliver such additional documents and instruments
      and
      shall perform such additional acts as may be necessary or appropriate
      to effectuate, carry out and perform all of the terms, provisions, and
      conditions of this Agreement and the transactions contemplated by this
      Agreement.

     

    8.10  Survival.
      All
      indemnities, rights, remedies, representations and warranties contained herein
      shall survive the expiration or termination of this Agreement, and no
      termination or expiration hereof shall relieve either party from liability
      for
      any breach of this Agreement.

     

    8.11 
      Action
      by Lenders.
      Any
      actions required by or taken by the Lenders pursuant to the provisions of this
      Agreement or the Note shall be effective if taken pursuant to a written document
      executed by Lenders holding 50.1% or more of the outstanding principal balance
      of any unpaid Notes hereunder.

     

    [SIGNATURE
      PAGE FOLLOWS]

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed and delivered this Agreement to
      one
      another as of the date first above written.

     

    

    
      	
              LENDERS:

            	
               

            	 	
               

            
	
               

            	
               

            	
              Rodman
                L. Drake

            	
               

            
	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	 	
               

            
	
               

            	
               

            	
              Michael
                C. Bellas

            	
               

            
	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	 	
               

            
	
               

            	
               

            	
              Norman
                E. Snyder, Jr.

            	
               

            
	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	 	
               

            
	
               

            	
               

            	
              Barclay
                H. Griffiths

            	
               

            
	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	 	
               

            
	
               

            	
               

            	
              J.
                Ross Colbert

            	
               

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
              BORROWER:

            	
               

            	
              BEVERAGE
                ACQUISITION CORPORATION

            
	
               

            	
               

            	
               

            
	
               

            	
               

            	
              By:

            	 	
               

            
	
               

            	
               

            	
               

            	
              Name:

              Title:

            
	
               

            	
               

            	
               

            	
               

            	
               

            	
               

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT A

    REVOLVING
      LINE OF CREDIT NOTE

     

    
      	
              Not
                to Exceed $250,000 in Principal

            	
               

            	
              ,
                2006

            

    

     

    For
      value
      received, the undersigned
      BEVERAGE ACQUISITION CORPORATION,
      a
      Delaware corporation (“Borrower”),
      promises to pay, in lawful money of the United States, to the order of
                              ,
      together with his successors and assigns (“Holder”),
      at
      such address as Holder may direct, the principal sum of Two Hundred and
      Fifty Thousand Dollars ($250,000), or so much thereof as shall have been
      advanced and shall remain unpaid hereunder.

     

    This
      Note
      is delivered pursuant to, and is subject to all of the terms and conditions
      of,
      that certain Amended and Restated Subordinated Revolving Line of Credit
      Agreement dated as of ________, 2006 (the “Loan
      Agreement”)
      between Borrower and  ______________. Unless otherwise defined in this
      Note, capitalized terms used in this Note shall have the meanings ascribed
      to
      them in the Loan Agreement, and in the event of any conflict between the terms
      of this Note and the terms of the Loan Agreement, the terms of the Loan
      Agreement shall govern.

     

    1.
      Maturity.
      This
      Note shall mature and become due and payable upon the earlier of an Event of
      Default (after the expiration of any cure period), upon consummation of a
      Business Combination or as described in Section 1 of the Loan
      Agreement.

     

    2.
      Prepayment.
      This
      Note may be repaid in whole or in part at any time without penalty or
      premium.

     

    3.
      Event of Default.
      Should
      an Event of Default occur, Lenders shall have the rights set forth in
      Section 7 of the Loan Agreement.

     

    4.
      Borrower’s Acknowledgement.
      Borrower acknowledges that Holder is extending the credit contemplated hereby
      solely as an accommodation to Borrower, and is willing to do so in reliance
      upon
      Borrower’s monetary and non-monetary covenants contained herein and in the Loan
      Agreement.

     

    5.
      Holder’s Acknowledgement.
      The
      Holder acknowledges and agrees that, as specified in Section 5 of the Loan
      Agreement, the Holder has limited recourse against Borrower for repayment of
      any
      and all amounts due and owing under this Note.

     

    6.
      Miscellaneous.
      If this
      Note (or any payment due hereunder) is not paid when due, Borrower promises
      to
      pay all costs and expenses of collection and reasonable attorneys’ fees incurred
      by the Holder hereof on account of such collection whether or not suit is filed
      hereon. Borrower consents to renewals, replacements and extensions of time
      for
      payment hereof, before, at, or after maturity, consents to the acceptance,
      release or substitution of security for this Note, and waives demand and
      protest. The indebtedness evidenced hereby shall be payable in lawful money
      of
      the United States. In any action brought under or arising out of this Note,
      Borrower, including successor(s) or assign(s), hereby consents to the
      application of Delaware law, to the jurisdiction of any competent court within
      the State of Delaware, and to service of process by any means authorized by
      Delaware law. No single or partial exercise of any power hereunder, or under
      any
      other Loan Document in connection herewith, shall preclude other or further
      exercises thereof or the exercise of any other such power.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, Borrower has executed and delivered this Note as of the date
      first above written.

     

     

    
      	
               

            	
              BEVERAGE
                ACQUISITION CORPORATION

            
	
               

            	
               

            
	
               

            	
               

            	
              By :

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
              Name: 

            
	
               

            	
               

            	
               

            	
               

            
	
               

            	
               

            	
               

            	
              Title:

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Schedule
      A

    

    

    
      	
              Name
                of Lender

            	
              Maximum
                Amount of Loans

            
	
              Rodman
                L. Drake

            	 
	
              Michael
                C. Bellas

            	 
	
              Norman
                E. Snyder, Jr.

            	 
	
              Barclay
                H. Griffiths

            	 
	
              TOTAL

            	
              $250,000Unassociated Document

    INVESTMENT
      MANAGEMENT TRUST AGREEMENT

     

    This
      Agreement is made as of [__________], 2006, by and between Beverage Acquisition
      Corporation (the “Company”)
      and
      Continental Stock Transfer & Trust Company (the “Trustee”).

     

    WHEREAS,
      the Company’s Registration Statement on Form S-1, No. 333- [_________] (the
“Registration
      Statement”),
      for
      its initial public offering of securities (“IPO”)
      has
      been declared effective as of the date hereof by the Securities and Exchange
      Commission (the “Effective
      Date”);
      

     

    WHEREAS,
      Morgan Joseph & Co. Inc. (the “Representative”)
      is
      acting as the representative of the underwriters in the IPO (the
“Underwriters”); 

     

    WHEREAS,
      the Company has agreed to issue securities in a private placement that will
      occur immediately prior to the IPO (the “Placement”);

     

    WHEREAS,
      as described in the Registration Statement, and in accordance with the Company’s
      Certificate of Incorporation, an aggregate of $34,200,000 ($39,330,000, if
      the
      Underwriters’over-allotment option is exercised in full), which is comprised of
      (i) the net proceeds of the IPO (except as provided in the Registration
      Statement); (ii) the $1,250,000 received by the Company in exchange for its
      securities pursuant to the Placement; and (iii) an additional $720,000 (or
      $828,000, if the Underwriters’ over-allotment option is exercised in full) of
      the proceeds of the IPO, representing deferred underwriting discounts and
      commissions (the “Deferred
      Discount”)
      which
      the Representative and the other Underwriters, have agreed to deposit in the
      Trust Account (as defined below), will be delivered to the Trustee to be
      deposited and held in the Trust Account for the benefit of the Company, and
      the
      holders of shares of the Company’s common stock, par value $0.0001 per share
      (“Common
      Stock”),
      that
      form a part of the units of the Company’s securities issued in the IPO (the
“Units”) and the Underwriters and, in the event the securities offered in the
      IPO are registered in Colorado, pursuant to Section 11-51-302(6) of the Colorado
      Revised Statutes (the “CRS”),
      a
      copy of which is attached hereto and made a part hereof. The amount to be
      delivered to the Trustee will be referred to herein as the “Property,”
the
      stockholders for whose benefit the Trustee shall hold the Property will be
      referred to as the “Public
      Stockholders,”
and
      the Public Stockholders, the Underwriters and the Company will be referred
      to
      together as the “Beneficiaries;”
      and

     

    WHEREAS,
      the Company and the Trustee desire to enter into this Agreement to set forth
      the
      terms and conditions pursuant to which the Trustee shall hold the Property;
      and

     

    NOW,
      THEREFORE, in consideration of the foregoing and the mutual covenants and
      agreements herein contained, the parties hereto agree as follows:

     

    1.  Agreements
      and Covenants of Trustee.
      The
      Trustee hereby agrees and covenants to:

     

    (a)  hold
      the
      Property in trust for the Beneficiaries in accordance with the terms of this
      Agreement, including, without limitation, with respect to the Public
      Stockholders, the terms of Section 11-51-302(6) of the CRS, in a segregated
      trust account (“Trust
      Account”)
      established by the Trustee at a branch of JPMorgan Chase NY Bank selected by
      the
      Trustee;

     

    (b)  manage,
      supervise and administer the Trust Account subject to the terms and conditions
      set forth herein;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (c)  in
      a
      timely manner, upon the instruction of the Company, to invest and reinvest
      the
      Property in “government securities,” within the meaning of Section 2(a)(16) of
      the Investment Company Act of 1940, as amended (the “1940
      Act”),
      having a maturity of 180 days or less or in any open ended investment company
      registered under the 1940 Act that holds itself out as a money market fund
      meeting the conditions of paragraphs (c)(2), (c)(3) and (c)(4) under Rule 2a-7
      promulgated under the 1940 Act;

     

    (d)  collect
      and receive, when due, all principal and income arising from the Property,
      which
      shall become part of the “Property,” as such term is used herein;

     

    (e)  notify
      the Company and the Representative of all communications received by it with
      respect to any Property requiring action by the Company;

     

    (f)  supply
      any necessary information or documents as may be requested by the Company in
      connection with the Company’s preparation of the tax returns for the Trust
      Account;

     

    (g)  participate
      in any plan or proceeding for protecting or enforcing any right or interest
      arising from the Property if, as and when instructed by the Company and/or
      the
      Representative to do so;

     

    (h)  render
      to
      the Company and to the Representative, and to such other persons as the Company
      may instruct, monthly written statements of the activities of and amounts in
      the
      Trust Account reflecting all receipts and disbursements of the Trust Account;
      and

     

    (i)  commence
      liquidation of the Trust Account promptly upon receipt of the Officers’
Certificate signed by the Chief Executive Officer and Chairman in accordance
      with the terms of a letter (the “Termination
      Letter”),
      in a
      form substantially similar to that attached hereto as Exhibit
      A
      or
Exhibit
      B,
      signed
      on behalf of the Company by its Chief Executive Officer and Chairman, and
      complete the liquidation of the Trust Account and distribute the Property in
      the
      Trust Account only as directed in the Termination Letter and the other documents
      referred to therein. The Trustee understands and agrees that, except as provided
      in Section 1(j) and Section 2 hereof, disbursements from the Trust Account
      shall
      be made only pursuant to a duly executed Termination Letter, together with
      the
      other documents referenced herein, including, without limitation, an
      independently certified oath and report of inspector of election in respect
      of
      the stock vote in favor of the Business Combination (as hereinafter defined).
      In
      all cases, the Trustee shall provide the Representative with a copy of any
      Termination Letter, Officers’ Certificates and/or any other correspondence that
      it receives with respect to any proposed withdrawal from the Trust Account
      promptly after it receives same. As used in this Agreement, the term
“Business
      Combination”
means
      the acquisition by the Company, through merger, capital stock exchange, asset
      acquisition, stock purchase or other similar business combination with, one
      or
      more operating businesses in the beverage industry, as more fully described
      in
      the prospectus forming a part of the Registration Statement; and

     

    (j)  as
      of the
      date 18 months from the date of this Agreement (the “LOI
      Termination Date”)
      (or 24
      months from the date hereof, in the event the Company has executed a Letter
      of
      Intent (defined below) prior to the LOI Termination Date but failed to
      consummate a Business Combination (“Second
      Termination Date”)),
      commence liquidation of the Trust Account. The Trustee, upon consultation with
      the Company and the Representative, shall deliver a notice to Public
      Stockholders of record as of the LOI Termination Date or Second Termination
      Date, whichever the case may be, by U.S. mail or via the Depository Trust
      Company (“DTC”),
      within five days of the LOI Termination Date or Second Termination Date, to
      notify the Public Stockholders of such event and take such other actions as
      it
      may deem necessary to inform the Beneficiaries. The Trustee shall deliver to
      each Public Stockholder its ratable share of the Property against satisfactory
      evidence of delivery of the stock certificates by the Public Stockholders to
      the
      Company through DTC, its Deposit Withdraw Agent Commission (DWAC) system or
      as
      otherwise presented to the Trustee. Notwithstanding the foregoing, if the
      Trustee receives a bona fide, executed letter of intent, agreement in principle
      or engagement letter (a “Letter
      of Intent”)
      for a
      Business Combination prior to the LOI Termination Date accompanied by an
      Officers’ Certificate as described in Section 3(e) hereof, then the Trustee
      shall forego or suspend any liquidation of the Trust Account until the earlier
      of a Business Combination or the Second Termination Date. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    2.  Limited
      Distributions of Income on Property.

     

    (a)  Upon
      receipt by the Trustee of an Officer’s Certificate signed by the Chief Executive
      Officer and Chairman of the Company certifying as true, accurate and complete
      a
      copy of any tax return required to be filed on behalf of the Trust Account
      in
      respect of income earned on the Property held therein, the Trustee shall deliver
      to the Company for submission to the appropriate taxing authority a check made
      payable to the order of such taxing authority in the amount required to pay
      such
      taxes; provided, however,
      that in
      no event shall the aggregate amount of all checks issued to taxing authorities
      pursuant to this Section 2(a) exceed the income in respect of which such taxes
      are due and owing.

     

    (b)  Except
      as
      provided in Sections 1(i), 1(j) and 2(a) above, no other distributions from
      the
      Trust Account shall be permitted.

     

    3.  Agreements
      and Covenants of the Company.
      The
      Company hereby agrees and covenants:

     

    (a)  to
      provide all instructions to the Trustee hereunder in writing, signed by the
      Company’s Chief Executive Officer and Chairman. In addition, except with respect
      to its duties under paragraph 1(i) and 1(j) above, the Trustee shall be entitled
      to rely on, and shall be protected in relying on, any verbal or telephonic
      advice or instruction which it, in good faith, believes to be given by any
      one
      of the persons authorized above to give written instructions, provided that
      the
      Company and/or the Representative shall promptly confirm such instructions
      in
      writing; and

     

    (b)  to
      hold
      the Trustee harmless and indemnify the Trustee from and against any and all
      expenses, including reasonable counsel fees and disbursements, or loss suffered
      by the Trustee in connection with any action, suit or other proceeding brought
      against the Trustee involving any claim, or in connection with any claim or
      demand which in any way arises out of or relates to this Agreement, the services
      of the Trustee hereunder, or the Property or any income earned from investment
      of the Property, except for expenses and losses resulting from the Trustee’s
      gross negligence or willful misconduct. Promptly after the receipt by the
      Trustee of notice of demand or claim or the commencement of any action, suit
      or
      proceeding, pursuant to which the Trustee intends to seek indemnification under
      this paragraph, it shall notify the Company in writing of such claim
      (hereinafter referred to as the “Indemnified
      Claim”).
      The
      Trustee shall have the right to conduct and manage the defense against such
      Indemnified Claim, provided that the Trustee shall obtain the consent of the
      Company with respect to the selection of counsel, which consent shall not be
      unreasonably withheld. The Trustee may not agree to settle any Indemnified
      Claim
      without the prior written consent of the Company. The Company may participate
      in
      such action with its own counsel; 

     

    (c)  to
      pay
      the Trustee an initial acceptance fee of $1,000 and an annual fee of $3,000
      (it
      being expressly understood that the Property shall not be used to pay such
      fee).
      The Company shall pay the Trustee the initial acceptance fee and first year’s
      fee at the consummation of the IPO and thereafter on the anniversary of the
      Effective Date. The Trustee shall refund to the Company the fee (on a pro rata
      basis) with respect to any period after the liquidation of the Trust Fund.
      The
      Company shall not be responsible for any other fees or charges of the Trustee,
      except as may be provided in Section 3(b) hereof (it being expressly understood
      that the Property shall not be used to make any payments to the Trustee under
      such section); and

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    (d)  that,
      in
      connection with any vote of the Company’s stockholders regarding a Business
      Combination, the Trustee or another independent party designated by the
      Representative shall act as the inspector of election to certify the results
      of
      the stockholder vote; and

     

    (e)  that
      the
      Officer’s Certificate referenced in Sections 1(i) and (j) hereof shall require
      the Chief Executive Officer of the Company to certify the following (wherever
      applicable): (1) prior to the LOI Termination Date, the Company has entered
      into
      a bona fide Letter of Intent with a target business; and/or (2) prior to the
      LOI
      Termination Date, the Company has entered into a Business Combination with
      a
      target business, the terms of which are consistent with the requirements set
      forth in the Registration Statement; and/or (3) prior to the Second Termination
      Date, the Company has entered into a Business Combination with a target
      business, the terms of which are consistent with the requirements set forth
      in
      the Registration Statement; and (4) the Board of Directors (the “Board”),
      has
      approved (where applicable): (i) the Business Combination; and/or (ii) the
      Letter of Intent. 

     

    4.  Limitations
      of Liability.
      The
      Trustee shall have no responsibility or liability to:

     

    (a)  take
      any
      action with respect to the Property, other than as directed in Section 1 hereof,
      and the Trustee shall have no liability to any party except for liability
      arising out of its own gross negligence or willful misconduct;

     

    (b)  institute
      any proceeding for the collection of any principal and income arising from,
      or
      institute, appear in or defend any proceeding of any kind with respect to,
      any
      of the Property, unless and until it shall have received written instructions
      from the Company given as provided herein to do so and the Company shall have
      advanced or guaranteed to it funds sufficient to pay any expenses incident
      thereto;

     

    (c)  change
      the investment of any Property, other than in compliance with Section
      1(c);

     

    (d)  refund
      any depreciation in principal of any Property;

     

    (e)  assume
      that the authority of any person designated by the Company and/or the
      Representative to give written instructions hereunder shall not be continuing
      unless provided otherwise in such designation, or unless the Company and/or
      the
      Representative shall have delivered a written revocation of such authority
      to
      the Trustee;

     

    (f)  the
      other
      parties hereto or to anyone else for any action taken or omitted by it, or
      any
      action suffered by it to be taken or omitted, in good faith and in the exercise
      of its own best judgment, except for its gross negligence or willful misconduct.
      The Trustee may rely conclusively on, and shall be protected in acting upon,
      any
      order, notice, demand, certificate, opinion or advice of counsel (including
      counsel chosen by the Trustee), statement, instrument, report or other paper
      or
      document (not only as to its due execution and the validity and effectiveness
      of
      its provisions, but also as to the truth and acceptability of any information
      therein contained) which is believed by the Trustee, in good faith, to be
      genuine and to be signed or presented by the proper person or persons. The
      Trustee shall not be bound by any notice or demand, or any waiver, modification,
      termination or rescission of this Agreement or any of the terms hereof, unless
      evidenced by a written instrument delivered to the Trustee signed by the proper
      party or parties and, if the duties or rights of the Trustee are affected,
      unless it shall give its prior written consent thereto;

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    (g)  verify
      the correctness of the information set forth in the Registration Statement
      or to
      confirm or assure that any acquisition made by the Company or any other action
      taken by it is as contemplated by the Registration Statement unless an officer
      of the Trustee has actual knowledge thereof, written notice of such event is
      sent to the Trustee or as otherwise required under Section 1(i) hereof;
      and

     

    (h)  pay
      any
      taxes on behalf of the Trust Account (it being expressly understood that the
      Trustee’s sole obligation with respect to taxes shall be to have checks with
      respect thereto as provided for by Section 2(a) hereof).

     

    5.  Certain
      Rights Of Trustee.

     

    (a)  Before
      the Trustee acts or refrains from acting, it may require an Officer’s
      Certificate or opinion of counsel or both. The Trustee shall not be liable
      for
      any action it takes or omits to take in good faith in reliance on such Officer’s
      Certificate or opinion of counsel. The Trustee may consult with counsel and
      the
      advice of such counsel or any opinion of counsel shall be full and complete
      authorization and protection from liability in respect of any action taken,
      suffered or omitted by it hereunder in good faith and in reliance
      thereon.

     

    (b)  The
      Trustee may act through its attorneys and agents and shall not be responsible
      for the misconduct or negligence of any agent appointed with due
      care.

     

    (c)  The
      Trustee shall not be liable for any action it takes or omits to take in good
      faith that it believes to be authorized or within the rights or powers conferred
      upon it by this Agreement.

     

    (d)  The
      Trustee shall not be responsible for and makes no representation as to the
      validity or adequacy of this Agreement, and it shall not be accountable for
      the
      Company’s use of the proceeds from the Trust Account. Notwithstanding the
      effective date of this Agreement or anything to the contrary contained in this
      Agreement, the Trustee shall have no liability or responsibility for any act
      or
      event relating to this Agreement or the transactions related thereto which
      occurs prior to the date of this Agreement, and shall have no contractual
      obligations to the Beneficiaries until the date of this Agreement.

     

    6.  No
      Right of Set-Off.
      The
      Trustee waives any right of set-off or any right, title, interest or claim
      of
      any kind that the Trustee any have against the Property held in the Trust
      Account. In the event that the Trustee has a claim against the Company under
      this Agreement, including, without limitation, under Section 3(b), the Trustee
      will pursue such claim solely against the Company and not against the property
      held in the Trust Account.

     

    7.  Termination.
      This
      Agreement shall terminate as follows:

     

    (a)  if
      the
      Trustee gives written notice to the Company that it desires to resign under
      this
      Agreement, the Company shall use its reasonable efforts to locate a successor
      trustee during which time the Trustee shall continue to act in accordance with
      the terms of this Agreement. At such time that the Company notifies the Trustee
      that a successor trustee has been appointed by the Company and has agreed to
      become subject to the terms of this Agreement, the Trustee shall transfer the
      management of the Trust Account to the successor trustee, including, but not
      limited, the transfer of copies of the reports and statements relating to the
      Trust Account, whereupon this Agreement shall terminate; provided, however,
      that, in the event the Company does not locate a successor trustee within 90
      days of receipt of the resignation notice from the Trustee, the Trustee may
      submit an application to have the Property deposited with the United States
      District Court for the Southern District of New York and, upon such deposit,
      the
      Trustee shall be immune from any liability whatsoever that arises due to any
      actions or omissions to act by any party after such deposit;

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    (b)  at
      such
      time that the Trustee has completed the liquidation of the Trust Account in
      accordance with the provisions of Section 1(i) hereof, and distributed the
      Property in accordance with the provisions of the Termination Letter, this
      Agreement shall terminate except with respect to Section 3(b) hereof;
      or

     

    (c)  on
      such
      date after [__________], 2008 when the Trustee deposits the Property with the
      United States District Court for the Southern District of New York in the event
      that, prior to such date, the Trustee has not received a Termination Letter
      from
      the Company pursuant to Section 1(i) or (j) hereof.

     

    8.  Miscellaneous.

     

    (a)  The
      Company and the Trustee each acknowledge that the Trustee will follow the
      security procedures set forth below with respect to funds transferred from
      the
      Trust Account. Upon receipt of written instructions, the Trustee will confirm
      such instructions with an “Authorized Individual” at an “Authorized Telephone
      Number” listed on the attached Exhibit
      C.
      The
      Company and the Trustee will each restrict access to confidential information
      relating to such security procedures to authorized persons. Each party must
      notify the other party immediately if it has reason to believe unauthorized
      persons may have obtained access to such information or of any change in its
      authorized personnel. In executing funds transfers, the Trustee will rely upon
      account numbers or other identifying numbers of a beneficiary, beneficiary’s
      bank or intermediary bank, rather than names. The Trustee shall not be liable
      for any loss, liability or expense resulting from any error in an account number
      or other identifying number, provided it has accurately transmitted the numbers
      provided.

     

    (b)  This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of New York, without giving effect to conflict of laws. It
      may
      be executed in several counterparts, each one of which shall constitute an
      original, and together shall constitute one instrument. Facsimile signatures
      shall constitute original signatures for all purposes of this
      Agreement.

     

    (c)  This
      Agreement contains the entire agreement and understanding of the parties hereto
      with respect to the subject matter hereof. This Agreement or any provision
      hereof may only be changed, amended or modified by a writing signed by each
      of
      the parties hereto; provided, however, that no such change, amendment or
      modification (other than to correct a typographical error or similar technical
      error) may be made to Sections 1(i), 1(j), 2(a) or 2(d) hereof without the
      consent of 95% of the Public Stockholders, it being the specific intention
      of
      the parties hereto that each Public Stockholder is and shall be a third-party
      beneficiary of this Section 7(c) with the same right and power to enforce this
      Section 7(c), the “consent of 95% of the Public Stockholders” shall mean receipt
      by the Trustee of a certificate from an entity certifying that (i) such entity
      regularly engages in the business of serving as inspector of elections for
      companies whose securities are publicly traded, and (ii) either (a) 95% of
      the
      Public Stockholders of record as of a record date established in accordance
      with
      Section 213(a) of the Delaware General Corporation Law, as amended (the “DGCL”),
      have voted in favor of such amendment or modification, or (b) 95% of the Public
      Stockholders of record as of a record date established in accordance with
      Section 213(b) of the DGCL has delivered to such entity a signed writing
      approving such amendment or modification. the Representative, who, along with
      the other Underwriters, the parties specifically agree, are and shall be third
      party beneficiaries for purposes of this Agreement; and provided further, any
      amendment to Section 1(j) shall require the consent of all of the Public
      Stockholders. As to any claim, cross-claim or counterclaim in any way relating
      to this Agreement, each party waives the right to trial by jury.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    (d)  The
      parties hereto consent to the jurisdiction and venue of any state or federal
      court located in the State and County of New York for purposes of resolving
      any
      disputes hereunder. The parties hereto irrevocably submit to such jurisdiction,
      which jurisdiction shall be exclusive, and hereby waive any objection to such
      exclusive jurisdiction and that such courts represent an inconvenient
      forum.

     

    (e)  Any
      notice, consent or request to be given in connection with any of the terms
      or
      provisions of this Agreement shall be in writing and shall be sent by express
      mail or similar private courier service, by certified mail (return receipt
      requested), by hand delivery or by facsimile transmission:

     

    if
      to the
      Trustee, to:

     

    Continental
      Stock Transfer & Trust Company 

    17
      Battery Place

    New
      York,
      New York 10004

    Attn: Steven
      G.
      Nelson

    Fax
      No.:
      (212) 509-5150

    

    if
      to the
      Company, to:

    

    Beverage
      Acquisition Corporation

    2670
      Commercial Avenue

    Mingo
      Junction, Ohio 43938

    Attn:
      Chief Executive Officer

    Fax
      No.:

     

    in
      either
      case with a copy (which shall not constitute notice) to:

    

    Morgan
      Joseph & Co. Inc.

    600
      Fifth
      Avenue, 19th Floor

    New
      York,
      New York 10020-2302

    Attn:
      

    Fax
      No.:

     

    and

     

    Mintz
      Levin Cohn Ferris Glovsky and Popeo, P.C. 

    666
      Third
      Avenue, 25th Floor 

    New
      York,
      New York 10017 

    Attn:
      Jeffrey P. Schultz, Esq.

    Fax
      No.:
      (212) 983-3115

     

    And

    

    Skadden,
      Arps, Slate, Meagher & Flom LLP

    Four
      Times Square

    New
      York,
      New York 10036

    Attn:
      Phyllis G. Korff, Esq. 

    Fax
      No.:
      (212) 735-2000

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    (f)  This
      Agreement may not be assigned by the Trustee without the prior written consent
      of the Company and the Representative.

     

    (g)  Each
      of
      the Trustee and the Company hereby represents that it has the full right and
      power and has been duly authorized to enter into this Agreement and to perform
      its respective obligations as contemplated hereunder. The Trustee acknowledges
      and agrees that it shall not make any claims or proceed against the Trust
      Account, including by way of set-off, and shall not be entitled to any funds
      in
      the Trust Account under any circumstance.

     

    (Remainder
      of document intentionally left blank. Signature page to
      follow.)

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have duly executed this Investment Management
      Trust
      Agreement as of the date first written above.

     

    CONTINENTAL
      STOCK TRANSFER & TRUST COMPANY, as Trustee

     

    By:
      ______________________________________

    Name: 

    Title:  

     

    BEVERAGE
      ACQUISITION CORPORATION

     

    By:
      ____________________________________

    Name:
       

    Title:
      

    

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      A

    

    [Letterhead
      of Company]

     

    [Insert
      date]

     

    Continental
      Stock Transfer & Trust Company 

    17
      Battery Place

    New
      York,
      New York 10004

    Attn: [______________]

    

    Re: Trust
      Account No. [ ] Termination Letter

     

    Gentlemen:

     

    Pursuant
      to Section 1(i) of the Investment Management Trust Agreement between Beverage
      Acquisition Corporation (the “Company”)
      and
      Continental Stock Transfer & Trust Company (the “Trustee”),
      dated
      as of [__________], 2006 (the “Trust
      Agreement”),
      this
      is to advise you that the Company has entered into an agreement (the
“Business
      Agreement”)
      with
      [___________] (“Target
      Business”)
      to
      consummate a business combination with Target Business (the “Business
      Combination”)
      on or
      about [insert date]. The Company shall notify you at least 48 hours in advance
      of the actual date of the consummation of the Business Combination (the
“Consummation
      Date”)
      and
      shall provide you with an Officers’ Certificate in accordance with Sections 1(i)
      and 3(e) of the Trust Agreement. Capitalized terms used herein and not otherwise
      define shall have the meaning ascribed to them in the Trust
      Agreement.

     

    In
      accordance with the terms of the Trust Agreement, we hereby authorize you to
      commence liquidation of the Trust Account to the effect that, on the
      Consummation Date, all of funds held in the Trust Account will be immediately
      available for transfer to the account or accounts that the Company and the
      Representative shall direct in writing on the Consummation Date.

     

    On
      the
      Consummation Date, (i) counsel for the Company shall deliver to you written
      notification that (a) all of the conditions to closing of the Business
      Combination have been satisfied and the closing date for such Business
      Combination has been scheduled pursuant to the terms of the Business Agreement,
      and (b) the provisions of Section 11-51-302(6) and Rule 51-3.4 of the CRS have
      been met, to the extent applicable; (ii) the Company shall deliver along with
      the oath and report of inspector of election certified by an independent
      inspector which may be the Trustee or as otherwise appointed by the
      Representative (collectively, the “Report”);
      and
      (iii) the Company and the Representative shall deliver to you joint written
      instructions with respect to the transfer of the funds, including the Deferred
      Discount, held in the Trust Account (“Instructions”).
      You
      are hereby directed and authorized to transfer the funds held in the Trust
      Account immediately upon your receipt of the counsel’s letter, the Report,
      evidence of delivery of the Stock Certificates, the Officers’ Certificate and
      the Instructions in accordance with the terms of the Instructions.
      Notwithstanding the foregoing, upon verification of receipt by you of the
      Instructions, we hereby agree and acknowledge that the Property in the Trust
      Account shall be distributed as follows: (1) first, to the Representative by
      wire transfer (or as otherwise directed by the Underwriter) in immediately
      available funds, the aggregate amount of $960,000 (or $1,104,000, if the
      Underwriters’ over-allotment option has been exercised in full), plus any
      interest accrued thereon; and (2) thereafter, to any other Beneficiary in
      accordance with the terms of the Instructions. In the event that certain
      deposits held in the Trust Account may not be liquidated by the Consummation
      Date without penalty, you will notify the Company and the Representative of
      the
      same and, if the amount set forth in sub-clause (1) shall not have been paid
      in
      full, the Representative and the Company shall issue joint written instructions
      directing you as to whether such funds should remain in the Trust Account and
      be
      distributed after the Consummation Date to the Company and/or the
      Representative. Upon the distribution of all the funds in the Trust Account
      pursuant to the terms hereof, the Trust Agreement shall be
      terminated.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    In
      the
      event that the Business Combination is not consummated on the Consummation
      Date
      described in the notice thereof and we have not notified you on or before the
      original Consummation Date of a new Consummation Date, then the funds held
      in
      the Trust Account shall be reinvested as provided in the Trust Agreement on
      the
      business day immediately following the Consummation Date, as set forth in the
      notice.

     

    Very
      truly yours,

     

    BEVERAGE
      ACQUISITION CORPORATION

    

    By: _______________________

    Norman
      E.
      Snyder, Jr., 

    Chief
      Executive Officer

     

    By: _______________________

    Rodman
      L.
      Drake

    Chairman

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

     

    EXHIBIT
      B

     

    [Letterhead
      of Company]

     

    [Insert
      date]

     

    Continental
      Stock Transfer & Trust Company 

    17
      Battery Place

    New
      York,
      New York 10004

    Attn: [______________]

    

    Re: Trust
      Account No. [ ] Termination Letter

     

    Gentlemen:

     

    Pursuant
      to Section 1(i) of the Investment Management Trust Agreement between Beverage
      Acquisition Corporation (the “Company’)
      and
      Continental Stock Transfer & Trust Company (the ‘Trustee”),
      dated
      as of [__________], 2006 (the ‘Trust
      Agreement”),
      this
      is to advise you that the Board of Directors of the Company has voted to
      dissolve the Company and liquidate the Trust Account (as defined in the Trust
      Agreement). Attached hereto is a copy of the minutes of the meeting of the
      Board
      of Directors of the Company relating thereto, certified by the Secretary of
      the
      Company as true and correct and in full force and effect.

     

    In
      accordance with the terms of the Trust Agreement, we hereby (a) certify to
      you
      that the provisions of Section 11-51-302(6) and Rule 51-3.4 of the Colorado
      Revised Statutes have been met, and (b) authorize you to commence liquidation
      of
      the Trust Account as a part of the Company’s plan of dissolution and
      distribution. In connection with this liquidation, you are hereby authorized
      to
      establish a record date for the purposes of determining the stockholders of
      record entitled to receive their per share portion of the Trust Account. The
      record date shall be within ten (10) days of the liquidation date, or as soon
      as
      thereafter as is practicable. You will notify the Company and _______________
      (“Designated
      Paying Agent”)
      in
      writing as to when all of the funds in the Trust Account will be available
      for
      immediate transfer ("Transfer
      Date”).
      The
      Designated Paying Agent shall thereafter notify you as to the account or
      accounts of the Designated Paying Agent that the funds in the Trust Account
      should be transferred to on the Transfer Date so that the Designated Paying
      Agent may commence distribution of such funds in accordance with terms of the
      Trust Agreement and the Company’s Certificate of Incorporation, as amended. Upon
      the payment of all the funds in the Trust Account, the Trust Agreement shall
      be
      terminated and the Trust Account closed.

     

    Very
      truly yours,

     

    BEVERAGE
      ACQUISITION CORPORATION

    

    By: _______________________

    Norman
      E.
      Snyder, Jr., 

    Chief
      Executive Officer

    

    By: _______________________

    Rodman
      L.
      Drake

    Chairman

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
      C

    

    
      	
              AUTHORIZED
                INDIVIDUAL(S)

              FOR
                TELEPHONE CALL BACK

            	
              AUTHORIZED

              TELEPHONE
                NUMBER(S)

            
	 	 
	 	 
	
              Company:

            	 
	 	 
	
              Beverage
                Acquisition Corporation

              2670
                Commercial Avenue

              Mingo
                Junction, Ohio 43938

              Attn:
                Barclay H. Griffiths

            	
               

               

              (646)
                313-1959

            
	 	 
	
              Trustee:

            	 
	 	 
	
              Continental
                Stock Transfer & Trust Company 

              17
                Battery Place

              New
                York, New York 10004

              Attn:
                Frank DiPaolo

            	
              (212)
                845-3270

            

    

    

    
      
        
        

      

      
        13

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