Document:

Unassociated Document

    EXHIBIT 10.7

     

    FIRST AMENDMENT TO PURCHASE
ORDER FINANCING AGREEMENT

     

    This
FIRST AMENDMENT TO PURCHASE ORDER FINANCING AGREEMENT (this “Amendment”), dated as of
October 25, 2007, is by and between Harbrew Imports, Ltd., (“Debtor”) and Capstone Capital
Group I, LLC (“Secured
Party”).

     

    WITNESSETH:

     

    WHEREAS,
Debtor and Secured Party have entered a Purchase Order Financing Agreement (the
“Agreement”), dated as
of January 22, 2007 pursuant to which Secured Party has agreed to cause the
issuance of Letters of Credit and make cash advances to Debtor in accordance the
terms of the Agreement; and

     

    WHEREAS,
the parties wish to amend the Agreement as set forth below.

     

    NOW,
THEREFORE, for and in consideration of the foregoing recitals, and other good
and valuable consideration, the receipt and legal sufficiency of which are
hereby acknowledged, the parties agree as follows:

     

    
      	
              1.  

            	
              Section
      7.5 is hereby amended by deleting the text thereof and inserting the
      following in its place:

            

    

     

    “The
occurrence of a Change of Control of Debtor. For purposes of this Agreement, a
“Change of Control” shall mean on or after the date hereof, any change in the
composition of Debtor’s stockholders, as of the date hereof, which would result
in any stockholder or group acquiring 10% or more of any class of the capital
stock of the Debtor or that any person or entity (or group of persons or
entities acting in concert) shall otherwise acquire, directly or indirectly, the
power to elect a majority of the Board of Directors of the Debtor or otherwise
direct the management or affairs of Debtor by obtaining proxies, entering into
voting agreements or trusts, acquiring securities or otherwise.”

     

    
      	
              2.  

            	
              Effect.  Except
      as specifically set forth herein, this Amendment does not limit, modify,
      amend, waive, grant any consent with respect to, or otherwise affect
      (a) any right, power or remedy of the Secured Party under the
      Agreement, (b) any provision of the Agreement, all of which shall
      remain in full force and effect and are hereby ratified and
      confirmed.  This Amendment does not entitle, or imply any
      consent or agreement to, any further or future modification of, amendment
      to, waiver of, or consent with respect to any provision of the
      Agreement.

            

    

     

    
      	
              3.  

            	
              Counterparts;
      Facsimile Signatures.  This Amendment may be executed in
      any number of counterparts and by different parties hereto in separate
      counterparts, each of which when so executed and delivered shall be deemed
      to be an original with the same effect as if all the signatures were on
      the same instrument.  Delivery of an executed counterpart of the
      signature page to this Amendment by telecopier shall be effective as
      delivery of a manually executed counterpart of this
      Amendment.  Any party delivering an executed counterpart of the
      signature page to this Amendment by telecopier shall thereafter promptly
      deliver a manually executed counterpart of this Amendment, but the failure
      to deliver such manually executed counterpart shall not affect the
      validity, enforceability, and binding effect of this
      Amendment.

            

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    
      	
              4.  

            	
              Governing Law, Venue,
      and Waiver of Jury Trial.  THIS AMENDMENT SHALL BE
      GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE
      STATE OF NEW YORK AND IS SUBJECT TO THE PROVISIONS OF SECTION 11.7
      AND 11.8 OF THE AGREEMENT, RELATING TO VENUE AND WAIVER OF JURY TRIAL, THE
      PROVISIONS OF WHICH ARE BY THIS REFERENCE HEREBY INCORPORATED HEREIN IN
      FULL.

            

    

     

    

     

    [Signatures
are on the next page.]

     

     

     

     

     

     

     

     

     

     

     

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

     

    IN
WITNESS WHEREOF, this Amendment has been executed as of the date first above
written.

     

     

    
      
        	 	 	DEBTOR:	 
	 	 	 	 
	 	 	 	 
	 	 	HARBREW
      IMPORTS, LTD.	 
	 	 	 	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Richard DeCicco	 
	 	 	Name:
      Richard DeCicco	 
	 	 	Title:
      President	 
	 	 	 	 
	 	 	 	 
	 	 	SECURED
      PARTY :	 
	 	 	 	 
	 	 	 	 
	 	 	CAPSTONE
      CAPITAL GROUP I, LLC	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/
      Joseph F.
      Ingrassia	 
	 	 	Name:
      Joseph F. Ingrassia	 
	 	 	Title:
      Managing Member	 

      

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    REAFFIRMATION
OF GUARANTOR

     

    The
undersigned has executed a guaranty in favor of Capstone Capital Group I, LLC
(“CCG”), with
respect to the obligations of Harbrew Imports, Ltd., a New York corporation
(“Debtor”),
owing to CCG pursuant to that certain Purchase Order Financing Agreement dated
as of January 22, 2007  (the “Agreement”), as
amended by that certain First Amendment to Purchase Order Financing Agreement,
dated as of even date herewith (as the same may be amended, restated, modified
or supplemented from time to time hereafter, the “Amendment”), between
Debtor and CCG.

     

    In
consideration of the foregoing, and other valuable consideration, the receipt
and sufficiency of which is hereby acknowledged, the undersigned hereby
acknowledges notice of the Amendment, consents to the terms contained therein,
and reaffirms and agrees that: (a) his obligations, guaranty, grants and/or
subordinations, as the case may be, under the guaranty shall remain in full
force and effect under the Agreement, as amended by the Amendment, as if made
contemporaneously therewith; (b) that each reference in a guaranty by the
undersigned to the Agreement shall mean and be a reference to the Agreement, as
amended by the Amendment; (c) nothing in such guaranty obligates CCG to notify
the undersigned of any changes in the financial accommodations made available to
Debtor, or to seek reaffirmations of such guaranties; and (d) no requirement to
so notify the undersigned or to seek reaffirmations in the future shall be
implied by the execution of this Reaffirmation of Guarantor.  All
capitalized terms used, but not otherwise defined herein, shall have the
meanings given to them in the Agreement.

     

     

    
      
        	 	 	GUARANTOR:	 
	 	 	 	 
	
                      
                  Dated:  October
      25, 2007

                

              	 	/s/ Richard
      DeCicco    	 
	 	 	Richard
      DeCicco, individually	 
	 	 	Address:
      3379 Jason Court	 
	 	 	
                         
      Bellmore, NY  11710

              	 

      

     

     

     

    4Unassociated Document

    EXHIBIT 10.8

     

    FIRST AMENDMENT TO DISCOUNT
FACTORING AGREEMENT

     

    This
FIRST AMENDMENT TO DISCOUNT FACTORING AGREEMENT (this “Amendment”), dated as of
October 25, 2007, is by and between Harbrew Imports, Ltd. Corp., (“Company”) and Capstone
Business Credit, LLC (“Factor”).

     

    WITNESSETH:

     

    WHEREAS,
Company and Factor have entered into a Discount Factoring Agreement (the “Agreement”), dated as of
January 22, 2007 pursuant to which Company appointed Factor as its sole factor
with respect to sales of its merchandise; and

     

    WHEREAS,
the parties wish to amend the Agreement as set forth below.

     

    NOW,
THEREFORE, for and in consideration of the foregoing recitals, and other good
and valuable consideration, the receipt and legal sufficiency of which are
hereby acknowledged, the parties agree as follows:

     

    
      	
              1.  

            	
              Section
      1 of Schedule A to the Agreement is hereby amended by deleting the
      reference to 20% contained therein and inserting 10% in its
      place:

            

    

     

    
      	
              2.  

            	
              Effect.  Except
      as specifically set forth herein, this Amendment does not limit, modify,
      amend, waive, grant any consent with respect to, or otherwise affect
      (a) any right, power or remedy of the Factor under the Agreement,
      (b) any provision of the Agreement, all of which shall remain in full
      force and effect and are hereby ratified and confirmed.  This
      Amendment does not entitle, or imply any consent or agreement to, any
      further or future modification of, amendment to, waiver of, or consent
      with respect to any provision of the
Agreement.

            

    

     

    
      	
              3.  

            	
              Counterparts;
      Facsimile Signatures.  This Amendment may be executed in
      any number of counterparts and by different parties hereto in separate
      counterparts, each of which when so executed and delivered shall be deemed
      to be an original with the same effect as if all the signatures were on
      the same instrument.  Delivery of an executed counterpart of the
      signature page to this Amendment by telecopier shall be effective as
      delivery of a manually executed counterpart of this
      Amendment.  Any party delivering an executed counterpart of the
      signature page to this Amendment by telecopier shall thereafter promptly
      deliver a manually executed counterpart of this Amendment, but the failure
      to deliver such manually executed counterpart shall not affect the
      validity, enforceability, and binding effect of this
      Amendment.

            

    

     

    
      	
              4.  

            	
              Governing Law, Venue,
      and Waiver of Jury Trial.  THIS AMENDMENT SHALL BE
      GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE
      STATE OF NEW YORK AND IS SUBJECT TO THE PROVISION OF SECTION  24 OF
      THE AGREEMENT, RELATING TO WAIVER OF JURY TRIAL, THE PROVISIONS OF WHICH
      ARE BY THIS REFERENCE HEREBY INCORPORATED HEREIN IN
  FULL.

            

    

     

    [Signatures
are on the next page.]

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, this Amendment has been executed as of the date first above
written.

     

     

    
      
        	 	 	COMPANY:	 
	 	 	 	 
	 	 	 	 
	 	 	HARBREW
      IMPORTS, LTD	 
	 	 	 	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Richard DeCicco	 
	 	 	Name:
      Richard DeCicco	 
	 	 	Title:
      President	 
	 	 	 	 
	 	 	 	 
	 	 	FACTOR
      :	 
	 	 	 	 
	 	 	 	 
	 	 	CAPSTONE
      BUSINESS CREDIT, LLC	 
	 	 	 	 
	 	 	 	 
	 	By: 	/s/
      Joseph F. Ingrassia	 
	 	 	Name:
      Joseph F. Ingrassia	 
	 	 	Title:
      Managing Member	 

      

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    REAFFIRMATION
OF GUARANTOR

     

    The undersigned has executed a guaranty
in favor of Capstone Business Credit, LLC (“CBC”), with respect
to the obligations of Harbrew Imports, Ltd. Corp., a New York corporation
(“Debtor”),
owing to CBC pursuant to that certain Discount Factoring Agreement dated as of
January 22, 2007 (the “Agreement”), as
amended by that certain First Amendment to Discount Factoring Agreement, dated
as of even date herewith (as the same may be amended, restated, modified or
supplemented from time to time hereafter, the “Amendment”), between
Debtor and CBC.

     

    In consideration of the foregoing, and
other valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the undersigned hereby acknowledges notice of the Amendment,
consents to the terms contained therein, and reaffirms and agrees that: (a) his
obligations, guaranty, grants and/or subordinations, as the case may be, under
the guaranty shall remain in full force and effect under the Agreement, as
amended by the Amendment, as if made contemporaneously therewith; (b) that each
reference in a guaranty by the undersigned to the Agreement shall mean and be a
reference to the Agreement, as amended by the Amendment; (c) nothing in such
guaranty obligates CBC to notify the undersigned of any changes in the financial
accommodations made available to Debtor, or to seek reaffirmations of such
guaranties; and (d) no requirement to so notify the undersigned or to seek
reaffirmations in the future shall be implied by the execution of this
Reaffirmation of Guarantor.  All capitalized terms used, but not
otherwise defined herein, shall have the meanings given to them in the
Agreement.

     

     

    
      
        	Dated:  October
      25, 2007	 	GUARANTOR:	 
	 	 	 	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/ Richard DeCicco	 
	 	 	Richard
      DeCicco, individually	 
	 	 	Address:
      3379 Jason Court	 
	 	 	
                 Bellmore,
      NY  11710

              	 

      

     

     

    

    3

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