Document:

Unassociated Document

    REGISTRATION
      RIGHTS AGREEMENT

     

    THIS
      REGISTRATION RIGHTS AGREEMENT (this “Agreement”)
      is
      entered into as of the [      ]
      day of
      [______] 2006, by and among Beverage Acquisition Corporation, a Delaware
      corporation (the “Company”),
      and
      the undersigned parties listed under Investors on the signature page hereto
      (each, an “Investor”
and
      collectively, the “Investors”).

     

    WHEREAS,
      the Investors currently hold all of the issued and outstanding securities of
      the
      Company; and

     

    WHEREAS,
      the Investors and the Company desire to enter into this Agreement to provide
      the
      Investors with certain rights relating to the registration of (i) shares of
      Common Stock; (ii) Warrants; and (iii) shares of Common Stock underlying
      Warrants.

     

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

     

    1.            
      DEFINITIONS. 
      The following capitalized terms used herein have the following
      meanings:

     

    “Agreement”
means
      this Agreement, as amended, restated, supplemented, or otherwise modified from
      time to time.

     

    “Commission”
means
      the Securities and Exchange Commission, or any other federal agency then
      administering the Securities Act or the Exchange Act.

     

    “Common
      Stock”
means
      the common stock, par value $0.0001 per share, of the Company.

     

    “Company”
is
      defined in the preamble to this Agreement.

     

    “Demand
      Registration”
is
      defined in Section 2.1.1.

     

    “Demanding
      Holder”
is
      defined in Section 2.1.1.

     

    “Exchange
      Act”
means
      the Securities Exchange Act of 1934, as amended, and the rules and regulations
      of the Commission promulgated thereunder, all as the same shall be in effect
      at
      the time.

     

    “Form
      S-3”
is
      defined in Section 2.3.

     

    “Indemnified
      Party”
is
      defined in Section 4.3.

     

    “Indemnifying
      Party”
is
      defined in Section 4.3.

     

    “Investor”
is
      defined in the preamble to this Agreement.

     

    “Investor
      Indemnified Party”
is
      defined in Section 4.1.

     

    “Majority
      in interest”
      of
      Registrable Securities means a majority of the shares of Common Stock and shares
      of Common Stock underlying the Warrants included in the Registrable
      Securities.

    

    “Maximum
      Number of Shares”
is
      defined in Section 2.1.4.

     

    
      
        
        

      

      
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    “Notices”
is
      defined in Section 6.3.

     

    “Piggy-Back
      Registration”
is
      defined in Section 2.2.1.

    

    “Register,”
      “registered”
and
      “registration”
mean
      a
      registration effected by preparing and filing a registration statement or
      similar document in compliance with the requirements of the Securities Act,
      and
      the applicable rules and regulations promulgated thereunder, and such
      registration statement becoming effective.

     

    “Registrable
      Securities”
mean
      all of (i) the shares of Common Stock owned or held by Investors; (ii) the
      Warrants; and (iii) the shares of Common Stock issuable upon exercise of the
      Warrants.  Registrable Securities include any warrants, shares of capital
      stock or other securities of the Company issued as a dividend or other
      distribution with respect to or in exchange for or in replacement of such
      Registrable Securities.  As to any particular Registrable Securities, such
      securities shall cease to be Registrable Securities when:  (a) a
      Registration Statement with respect to the sale of such securities shall have
      become effective under the Securities Act and such securities shall have been
      sold, transferred, disposed of or exchanged in accordance with such Registration
      Statement; (b) such securities shall have been transferred pursuant to Rule
      144 of the Securities Act (but not Rule 144A), new certificates for them not
      bearing a legend restricting further transfer shall have been delivered by
      the
      Company and subsequent public distribution of them shall not require
      registration under the Securities Act; (c) such securities may be sold by
      the Investor without restriction, or (d) such securities shall have ceased
      to be
      outstanding.

     

    “Registration
      Statement”
means
      a
      registration statement filed by the Company with the Commission in compliance
      with the Securities Act and the rules and regulations promulgated thereunder
      for
      a public offering and sale of Common Stock (other than a registration statement
      on Form S-4 or Form S-8, or any successor forms, or any registration
      statement covering only securities proposed to be issued in exchange for
      securities or assets of another entity).

     

    “Release
      Date”
means
      the date on which shares of Common Stock are disbursed from escrow pursuant
      to
      Section 3 of that certain Stock Escrow Agreement, dated as of
 [_______], 2006, by and among the parties hereto and Continental Stock
      Transfer & Trust Company.

     

    “Securities
      Act”
means
      the Securities Act of 1933, as amended, and the rules and regulations of the
      Commission promulgated thereunder, all as the same shall be in effect at the
      time.

     

    “Underwriter”
means
      a
      securities dealer who purchases any Registrable Securities as principal in
      an
      underwritten offering and not as part of such dealer’s market-making
      activities.

    

    “Warrant”
means
      the Warrants to purchase an aggregated 1,041,667 shares of Common Stock issued
      by the Company to the Investors prior to the execution of this
      Agreement.

     

    2.            
      REGISTRATION RIGHTS.

     

    2.1          Demand
      Registration.

     

    2.1.1.      Request
      for Registration. 
      At any time and from time to time on or after the Release Date, the holders
      of a
      majority-in-interest of the Registrable Securities held by the Investors or
      the
      transferees of the Investors, may make a written demand for registration under
      the Securities Act of all or part of their Registrable Securities (a
“Demand
      Registration”). 
      Any demand for a Demand Registration shall specify the number and type of
      Registrable Securities proposed to be sold and the intended method(s) of
      distribution thereof.  The Company will notify all holders of Registrable
      Securities of the demand, and each holder of Registrable Securities who wishes
      to include all or a portion of such holder’s Registrable Securities in the
      Demand Registration (each such holder including Registrable Securities in such
      Demand Registration, a “Demanding
      Holder”)
      shall
      so notify the Company within fifteen (15) days after the receipt by the holder
      of the notice from the Company.  Upon any such request, the Demanding
      Holders shall be entitled to have their Registrable Securities included in
      the
      Demand Registration, subject to Section 2.1.4 and the provisos set forth in
      Section 3.1.1.  The Company shall not be obligated to effect more than
      an aggregate of two (2) Demand Registrations under this Section 2.1.1 in
      respect of Registrable Securities.

     

    
      
        
        

      

      
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    2.1.2.      Effective
      Registration. 
A
      registration will not count as a Demand Registration until the Registration
      Statement filed with the Commission with respect to such Demand Registration
      has
      been declared effective and the Company has complied with all of its obligations
      under this Agreement with respect thereto;
      provided, however,
      that,
      if after such Registration Statement has been declared effective, the offering
      of Registrable Securities pursuant to a Demand Registration is interfered with
      by any stop order or injunction of the Commission or any other governmental
      agency or court, the Registration Statement with respect to such Demand
      Registration will be deemed not to have been declared effective, unless and
      until (i) such stop order or injunction is removed, rescinded or otherwise
      terminated, and (ii) a majority-in-interest of the Demanding Holders thereafter
      elect to continue the offering; provided,
      further,
      that
      the Company shall not be obligated to file a second Registration Statement
      until
      a Registration Statement that has been filed is counted as a Demand Registration
      or is terminated.

     

    2.1.3.      
      Underwritten
      Offering. 
      If a majority-in-interest of the Demanding Holders so elect and such holders
      so
      advise the Company as part of their written demand for a Demand Registration,
      the offering of such Registrable Securities pursuant to such Demand Registration
      shall be in the form of an underwritten offering. In such event, the right
      of
      any holder of Registrable Securities to include its Registrable Securities
      in
      such registration shall be conditioned upon such holder’s participation in such
      underwriting and the inclusion of such holder’s Registrable Securities in the
      underwriting to the extent provided herein.  All Demanding Holders
      proposing to distribute their securities through such underwriting shall enter
      into an underwriting agreement in customary form with the Underwriter or
      Underwriters selected for such underwriting by a majority-in-interest of the
      holders initiating the Demand Registration.

     

    2.1.4.      
      Reduction
      of Offering. 
      If the managing Underwriter or Underwriters for a Demand Registration that
      is to
      be an underwritten offering advises the Company and the Demanding Holders in
      writing that the dollar amount or number of Registrable Securities which the
      Demanding Holders desire to sell, taken together with all other shares of Common
      Stock or other securities which the Company desires to sell and the shares
      of
      Common Stock or other Securities, if any, as to which registration has been
      requested pursuant to written contractual piggy-back registration rights held
      by
      other securityholders of the Company who desire to sell, exceeds the maximum
      dollar amount or maximum number of securities that can be sold in such offering
      without adversely affecting the proposed offering price, the timing, the
      distribution method, or the probability of success of such offering (such
      maximum dollar amount or maximum number of securities, as applicable, the
“Maximum
      Number of Shares”),
      then
      the Company shall include in such registration:  (i) first, the Registrable
      Securities as to which Demand Registration has been requested by the Demanding
      Holders (pro
      rata
      in
      accordance with the number of Registrable Securities which such Demanding Holder
      has requested be included in such registration, regardless of the number of
      Registrable Securities held by each Demanding Holder) that can be sold without
      exceeding the Maximum Number of Shares; (ii) second, the shares of Common Stock
      or other securities that the Company desires to sell that can be sold without
      exceeding the Maximum Number of Shares; (iii) third, to the extent that the
      Maximum Number of Shares has not been reached under the foregoing clauses (i)
      and (ii), the shares of Common Stock or other securities registrable pursuant
      to
      the terms of the Unit Purchase Option issued to Morgan Joseph & Co, Inc. or
      its designees in connection with the Company’s initial public offering (the
“Unit Purchase Option” and such registrable securities, the “Option Securities”)
      as to which “piggy-back” registration has been requested by the holders thereof,
      Pro Rata, that can be sold without exceeding the Maximum Number of Shares;
      and
      (iv) fourth, to the extent that the Maximum Number of Shares have not been
      reached under the foregoing clauses (i), (ii), and (iii), the shares of Common
      Stock or other securities for the account of other persons that the Company
      is
      obligated to register pursuant to written contractual arrangements with such
      persons and that can be sold without exceeding the Maximum Number of Shares;
      and
      (v) fifth, to the extent that the Maximum Number of Shares has not been reached
      under the foregoing clauses (i), (ii), (iii) and (iv), the shares of Common
      Stock or other securities that other securityholders desire to sell that can
      be
      sold without exceeding the Maximum Number of Shares.

     

    
      
        
        

      

      
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    2.1.5.      Withdrawal.
      If a
      majority-in-interest of the Demanding Holders disapprove of the terms of any
      underwriting or are not entitled to include all of their Registrable Securities
      in any offering, such majority-in-interest of the Demanding Holders may elect
      to
      withdraw from such offering by giving written notice to the Company and the
      Underwriter or Underwriters of their request to withdraw prior to the
      effectiveness of the Registration Statement filed with the Commission with
      respect to such Demand Registration.  In such event, the Company need not
      seek effectiveness of such Registration Statement for the benefit of other
      Investors. If the majority-in-interest of the Demanding Holders withdraws from
      a
      proposed offering relating to a Demand Registration, then such registration
      shall not count as a Demand Registration provided for in
      Section 2.1.1.

    

    2.2          Piggy-Back
      Registration.

     

    2.2.1.      Piggy-Back
      Rights. 
      If at any time on or after the Release Date the Company proposes to file a
      Registration Statement under the Securities Act with respect to an offering
      of
      equity securities, or securities or other obligations exercisable or
      exchangeable for, or convertible into, equity securities, by the Company for
      its
      own account or for securityholders of the Company for their accounts (or by
      the
      Company and by securityholders of the Company including, without limitation,
      pursuant to Section 2.1), other than a Registration Statement (i) filed in
      connection with any employee stock option or other benefit plan, (ii) for an
      exchange offer or offering of securities solely to the Company’s existing
      securityholders, (iii) for an offering of debt that is convertible into equity
      securities of the Company or (iv) for a dividend reinvestment plan, then
      the Company shall (x) give written notice of such proposed filing to the holders
      of Registrable Securities as soon as practicable but in no event less than
      ten
      (10) days before the anticipated filing date, which notice shall describe the
      amount and type of securities to be included in such offering, the intended
      method(s) of distribution, and the name of the proposed managing Underwriter
      or
      Underwriters, if any, of the offering, and (y) offer to the holders of
      Registrable Securities in such notice the opportunity to register the sale
      of
      such number of shares of Registrable Securities as such holders may request
      in
      writing within five (5) days following receipt of such notice (a “Piggy-Back
      Registration”). 
      The Company shall cause such Registrable Securities to be included in such
      registration and shall use its best efforts to cause the managing Underwriter
      or
      Underwriters of a proposed underwritten offering to permit the Registrable
      Securities requested to be included in a Piggy-Back Registration to be included
      on the same terms and conditions as any similar securities of the Company and
      to
      permit the sale or other disposition of such Registrable Securities in
      accordance with the intended method(s) of distribution thereof.  All
      holders of Registrable Securities proposing to distribute their securities
      through a Piggy-Back Registration that involves an Underwriter or Underwriters
      shall enter into an underwriting agreement in customary form with the
      Underwriter or Underwriters selected for such Piggy-Back
      Registration.

     

    2.2.2.      Reduction
      of Offering. 
      If the managing Underwriter or Underwriters for a Piggy-Back Registration that
      is to be an underwritten offering advises the Company and the holders of
      Registrable Securities in writing that the dollar amount or number of shares
      of
      Common Stock or other securities which the Company desires to sell, taken
      together with shares of Common Stock or other securities, if any, as to which
      registration has been demanded pursuant to written contractual arrangements
      with
      persons other than the holders of Registrable Securities hereunder, the
      Registrable Securities as to which registration has been requested under this
      Section 2.2, and the shares of Common Stock or other securities, if any, as
      to which registration has been requested pursuant to the written contractual
      piggy-back registration rights of other securityholders of the Company, exceeds
      the Maximum Number of Shares, then the Company shall include in any such
      registration:

     

    
      
        
        

      

      
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    (i)           If
      the registration is undertaken for the Company’s account: (A) first, the shares
      of Common Stock or other securities that the Company desires to sell that can
      be
      sold without exceeding the Maximum Number of Shares; (B) second, to the extent
      that the Maximum Number of Shares has not been reached under the foregoing
      clause (A), the shares of Common Stock and other securities, if any, including
      the Registrable Securities, as to which registration has been requested pursuant
      to written contractual piggy-back registration rights of security holders (pro
      rata in accordance with the number of shares of Common Stock and other
      securities which each such person has actually requested to be included in
      such
      registration, regardless of the number of shares of Common Stock and other
      securities with respect to which such persons have the right to request such
      inclusion) that can be sold without exceeding the Maximum Number of Shares;
      and

     

    (ii)
      If
      the registration is a “demand” registration undertaken at the demand of holders
      of Option Securities, (A) first, the shares of Common Stock or other securities
      for the account of the demanding persons, pro rata, that can be sold without
      exceeding the Maximum Number of Shares; (B) second, to the extent that the
      Maximum Number of Shares has not been reached under the foregoing clause (A),
      the shares of Common Stock or other securities that the Company desires to
      sell
      that can be sold without exceeding the Maximum Number of Shares; (C) third,
      to
      the extent that the Maximum Number of Shares has not been reached under the
      foregoing clauses (A) and (B), the shares of Registrable Securities, pro rata,
      as to which registration has been requested pursuant to the terms hereof, that
      can be sold without exceeding the Maximum Number of Shares; and (D) fourth,
      to
      the extent that the Maximum Number of Shares has not been reached under the
      foregoing clauses (A), (B) and (C), the shares of Common Stock or other
      securities for the account of other persons that the Company is obligated to
      register pursuant to written contractual arrangements with such persons, that
      can be sold without exceeding the Maximum Number of Shares; and

     

    (iii)          If
      the registration is a “demand” registration undertaken at the demand of persons
      other than the holders of Registrable Securities pursuant to written contractual
      arrangements with such persons, (A) first, the shares of Common Stock and other
      securities for the account of the demanding persons that can be sold without
      exceeding the Maximum Number of Shares; (B) second, to the extent that the
      Maximum Number of Shares has not been reached under the foregoing clause (A),
      the shares of Common Stock or other securities that the Company desires to
      sell
      that can be sold without exceeding the Maximum Number of Shares; and (C) third,
      to the extent that the Maximum Number of Shares has not been reached under
      the
      foregoing clauses (A) and (B), the Registrable Securities as to which
      registration has been requested under this Section 2.2 (pro
      rata in
      accordance with the number of shares of Registrable Securities held by each
      such
      holder); and (D) fourth, to the extent that the Maximum Number of Shares
      has not been reached under the foregoing clauses (A), (B) and (C), the
      shares of Common Stock or other securities, if any, as to which registration
      has
      been requested pursuant to written contractual piggy-back
      registration rights which other securityholders desire to sell that can be
      sold
      without exceeding the Maximum Number of Shares.

     

    2.2.3.      Withdrawal. 
      Any holder of Registrable Securities may elect to withdraw such holder’s request
      for inclusion of Registrable Securities in any Piggy-Back Registration by giving
      written notice to the Company of such request to withdraw prior to the
      effectiveness of the Registration Statement.  The Company may also elect to
      withdraw a registration statement at any time prior to the effectiveness of
      the
      Registration Statement.  Notwithstanding any such withdrawal, the Company
      shall pay all expenses incurred by the holders of Registrable Securities in
      connection with such Piggy-Back Registration as provided in
      Section 3.3.

     

    
      
        
        

      

      
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    2.3          Registrations
      on Form S-3. 
      The holders of Registrable Securities may at any time and from time to time
      after the Release Date, request in writing that the Company register the resale
      of any or all of such Registrable Securities on Form S-3 or any similar
      short-form registration which may be available at such time (“Form
      S-3”);
      provided,
      however, that
      the
      Company shall not be obligated to effect such request through an underwritten
      offering.  Upon receipt of such written request, the Company will promptly
      give written notice of the proposed registration to all other holders of
      Registrable Securities, and, as soon as practicable thereafter, effect the
      registration of all or such portion of such holder’s or holders’ Registrable
      Securities as are specified in such request, together with all or such portion
      of the Registrable Securities of any other holder or holders joining in such
      request as are specified in a written request given within fifteen (15) days
      after receipt of such written notice from the Company; provided,
      however,
      that
      the Company shall not be obligated to effect any such registration pursuant
      to
      this Section 2.3: (i) if Form S-3 is not available for such offering; or
      (ii) if the holders of the Registrable Securities, together with the holders
      of
      any other securities of the Company entitled to inclusion in such registration,
      propose to sell Registrable Securities and such other securities (if any) at
      any
      aggregate price to the public of less than $500,000. Registrations effected
      pursuant to this Section 2.3 shall not be counted as Demand Registrations
      effected pursuant to Section 2.1.

     

    3.            REGISTRATION
      PROCEDURES.

     

    3.1          Filings;
      Information. 
      Whenever the Company is required to effect the registration of any Registrable
      Securities pursuant to Section 2, the Company shall use its best efforts to
      effect the registration and sale of such Registrable Securities in accordance
      with the intended method(s) of distribution thereof as expeditiously as
      practicable, and in connection with any such request:

     

    3.1.1.      Filing
      Registration Statement. 
      The Company shall, as expeditiously as possible and in any event within sixty
      (60) days after receipt of a request for a Demand Registration pursuant to
      Section 2.1, prepare and file with the Commission a Registration Statement
      on any form for which the Company then qualifies or which counsel for the
      Company shall deem appropriate and which form shall be available for the sale
      of
      all Registrable Securities to be registered thereunder in accordance with the
      intended method(s) of distribution thereof, and shall use its best efforts
      to
      cause such Registration Statement to become and remain effective for the period
      required by Section 3.1.3; provided,
      however,
      that
      the Company shall have the right to defer any Demand Registration for up to
      thirty (30) days, and
      any
      Piggy-Back Registration for such period as may be applicable to deferment of
      any
      demand registration to which such Piggy-Back Registration relates, in each
      case
      if the Company shall furnish to the holders a certificate signed by the Chief
      Executive Officer of the Company stating that, in the good faith judgment of
      the
      Board of Directors of the Company, it would be materially detrimental to the
      Company and its stockholders for such Registration Statement to be effected
      at
      such time; provided
      further, however,
      that
      the Company shall not have the right to exercise the right set forth in the
      immediately preceding proviso more than once in any 365-day period in respect
      of
      a Demand Registration hereunder.

     

    3.1.2.      Copies. 
      The Company shall, prior to filing a Registration Statement or prospectus, or
      any amendment or supplement thereto, furnish without charge to the holders
      of
      Registrable Securities included in such registration, and such holders’ legal
      counsel, copies of such Registration Statement as proposed to be filed, each
      amendment and supplement to such Registration Statement (in each case including
      all exhibits thereto and documents incorporated by reference therein), the
      prospectus included in such Registration Statement (including each preliminary
      prospectus), and such other documents as the holders of Registrable Securities
      included in such registration or legal counsel for any such holders may request
      in order to facilitate the disposition of the Registrable Securities owned
      by
      such holders.

     

    
      
        
        

      

      
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    3.1.3.      Amendments
      and Supplements. 
      The Company shall prepare and file with the Commission such amendments,
      including post-effective amendments, and supplements to such Registration
      Statement and the prospectus used in connection therewith as may be necessary
      to
      keep such Registration Statement effective and in compliance with the provisions
      of the Securities Act until all Registrable Securities and other securities
      covered by such Registration Statement have been disposed of in accordance
      with
      the intended method(s) of distribution set forth in such Registration Statement
      (which period shall not exceed the sum of one hundred eighty (180) days plus
      any
      period during which any such disposition is interfered with by any stop order
      or
      injunction of the Commission or any governmental agency or court) or such
      securities have been withdrawn.

     

    3.1.4.      Notification. 
      After the filing of a Registration Statement, the Company shall promptly, and
      in
      no event more than two (2) business days after such filing, notify the holders
      of Registrable Securities included in such Registration Statement of such
      filing, and shall further notify such holders promptly and confirm such advice
      in writing in all events within two (2) business days of the occurrence of
      any
      of the following:  (i) when such Registration Statement becomes
      effective; (ii) when any post-effective amendment to such Registration
      Statement becomes effective; (iii) the issuance or threatened issuance by
      the Commission of any stop order (and the Company shall take all actions
      required to prevent the entry of such stop order or to remove it if entered);
      and (iv) any request by the Commission for any amendment or supplement to
      such Registration Statement or any prospectus relating thereto or for additional
      information or of the occurrence of an event requiring the preparation of a
      supplement or amendment to such prospectus so that, as thereafter delivered
      to
      the purchasers of the securities covered by such Registration Statement, such
      prospectus will not contain an untrue statement of a material fact or omit
      to
      state any material fact required to be stated therein or necessary to make
      the
      statements therein not misleading, and promptly make available to the holders
      of
      Registrable Securities included in such Registration Statement any such
      supplement or amendment; except that before filing with the Commission a
      Registration Statement or
      prospectus or any amendment or supplement thereto, including documents
      incorporated by reference, the Company shall furnish to the holders of
      Registrable Securities included in such Registration Statement and to the legal
      counsel for any such holders, copies of all such documents proposed to be filed
      sufficiently in advance of filing to provide such holders and legal counsel
      with
      a reasonable opportunity to review such documents and comment thereon, and
      the
      Company shall not file any Registration Statement or prospectus or amendment
      or
      supplement thereto, including documents incorporated by reference, to which
      such
      holders or their legal counsel shall reasonably object.

     

    3.1.5.      State
      Securities Laws Compliance. 
      The Company shall use its best efforts to (i) register or qualify the
      Registrable Securities covered by the Registration Statement under such
      securities or “blue sky” laws of such jurisdictions in the United States as the
      holders of Registrable Securities included in such Registration Statement (in
      light of their intended plan of distribution) may request, and (ii) take
      such action necessary to cause such Registrable Securities covered by the
      Registration Statement to be registered with or approved by such other
      Governmental Authorities as may be necessary by virtue of the business and
      operations of the Company and do any and all other acts and things that may
      be
      necessary or advisable to enable the holders of Registrable Securities included
      in such Registration Statement to consummate the disposition of such Registrable
      Securities in such jurisdictions; provided,
      however,
      that
      the Company shall not be required to qualify generally to do business in any
      jurisdiction where it would not otherwise be required to qualify but for this
      paragraph (e) or subject itself to taxation in any such
      jurisdiction.

     

    
      
        
        

      

      
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    3.1.6.      Agreements
      for Disposition. 
      The Company shall enter into customary agreements (including, if applicable,
      an
      underwriting agreement in customary form) and take such other actions as are
      reasonably required in order to expedite or facilitate the disposition of such
      Registrable Securities.  The representations, warranties and covenants of
      the Company in any underwriting agreement which are made to or for the benefit
      of any Underwriters, to the extent applicable, shall also be made to and for
      the
      benefit of the holders of Registrable Securities included in such registration
      statement.  No holder of Registrable Securities included in such
      registration statement shall be required to make any representations or
      warranties in the underwriting agreement except, if applicable, with respect
      to
      such holder’s organization, good standing, authority, title to Registrable
      Securities, lack of conflict of such sale with such holder’s material agreements
      and organizational documents, and with respect to written information relating
      to such holder that such holder has furnished in writing expressly for inclusion
      in such Registration Statement. Holders of Registrable Securities shall agree
      to
      such covenants and indemnification and contribution obligations for selling
      stockholders as are customarily contained in agreements of that type. Further,
      such holders shall cooperate fully in the preparation of the registration
      statement and other documents relating to any offering in which they include
      securities pursuant to Section 2 hereof. Each holder shall also furnish to
      the
      Company such information regarding itself, the Registrable Securities held
      by
      such holder and the intended method of disposition of such securities as shall
      be reasonably required to effect the registration of the Registrable
      Securities.

     

    3.1.7.      Cooperation. 
      The principal executive officer of the Company, the principal financial officer
      of the Company, the principal accounting officer of the Company and all other
      officers and members of the management of the Company shall cooperate fully
      in
      any offering of Registrable Securities hereunder, which cooperation shall
      include, without limitation, the preparation of the Registration Statement
      with
      respect to such offering and all other offering materials and related documents,
      and participation in meetings with Underwriters, attorneys, accountants and
      potential investors.

     

    3.1.8.      Records. 
      The Company shall make available for inspection by the holders of Registrable
      Securities included in such Registration Statement, any Underwriter
      participating in any disposition pursuant to such registration statement and
      any
      attorney, accountant or other professional retained by any holder of Registrable
      Securities included in such Registration Statement or any Underwriter, all
      financial and other records, pertinent corporate documents and properties of
      the
      Company, as shall be necessary to enable them to exercise their due diligence
      responsibility, and cause the Company’s officers, directors and employees to
      supply all information reasonably requested by any of them in connection with
      such Registration Statement.

     

    3.1.9.      Opinions
      and Comfort Letters. 
      The Company shall furnish to each holder of Registrable Securities included
      in
      any Registration Statement a signed counterpart, addressed to such holder,
      of
      (i) any opinion of counsel to the Company delivered to any Underwriter, and
      (ii) any comfort letter from the Company’s independent public accountants
      delivered to any Underwriter.  In the event no legal opinion is delivered
      to any Underwriter, the Company shall furnish to each holder of Registrable
      Securities included in such Registration Statement, at any time that such holder
      elects to use a prospectus, an opinion of counsel to the Company to the effect
      that the Registration Statement containing such prospectus has been declared
      effective and that no stop order is in effect.

     

    3.1.10.    Earnings
      Statement. 
      The Company shall comply with all applicable rules and regulations of the
      Commission and the Securities Act, and make available to its stockholders,
      as
      soon as practicable, an earnings statement covering a period of twelve (12)
      months, beginning within three (3) months after the effective date of the
      registration statement, which earnings statement shall satisfy the provisions
      of
      Section 11(a) of the Securities Act and Rule 158
      thereunder.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    3.1.11.    Listing. 
      The Company shall use its best efforts to cause all Registrable Securities
      included in any registration to be listed on such exchanges or otherwise
      designated for trading in the same manner as similar securities issued by the
      Company are then listed or designated or, if no such similar securities are
      then
      listed or designated, in a manner satisfactory to the holders of a majority
      of
      the Registrable Securities included in such registration.

     

    3.2          Obligation
      to Suspend Distribution. 
      Upon receipt of any notice from the Company of the happening of any event of
      the
      kind described in Section 3.1.4(iv), or, in the case of a resale
      registration on Form S-3 pursuant to Section 2.3 hereof, upon any
      suspension by the Company, pursuant to a written insider trading compliance
      program adopted by the Company’s Board of Directors, of the ability of all
“insiders” covered by such program to transact in the Company’s securities
      because of the existence of material non-public information, each holder of
      Registrable Securities included in any registration shall immediately
      discontinue disposition of such Registrable Securities pursuant to the
      Registration Statement covering such Registrable Securities until such holder
      receives the supplemented or amended prospectus contemplated by
      Section 3.1.4(iv) or the restriction on the ability of “insiders” to
      transact in the Company’s securities is removed, as applicable, and, if so
      directed by the Company, each such holder will deliver to the Company all
      copies, other than permanent file copies then in such holder’s possession, of
      the most recent prospectus covering such Registrable Securities at the time
      of
      receipt of such notice.

     

    3.3          Registration
      Expenses. 
      The Company shall bear all costs and expenses incurred in connection with any
      Demand Registration pursuant to Section 2.1, any Piggy-Back Registration
      pursuant to Section 2.2, and any registration on Form S-3 effected pursuant
      to Section 2.3, and all expenses incurred in performing or complying with
      its other obligations under this Agreement, whether or not the Registration
      Statement becomes effective, including, without limitation: (i) all
      registration and filing fees; (ii) fees and expenses of compliance with
      securities or “blue sky” laws (including fees and disbursements of counsel in
      connection with blue sky qualifications of the Registrable Securities);
      (iii) printing expenses; (iv) the Company’s internal expenses
      (including, without limitation, all salaries and expenses of its officers and
      employees); (v) the fees and expenses incurred in connection with the
      listing of the Registrable Securities as required by Section 3.1.11;
      (vi) National Association of Securities Dealers, Inc. fees; (vii) fees
      and disbursements of counsel for the Company and fees and expenses for
      independent certified public accountants retained by the Company (including
      the
      expenses or costs associated with the delivery of any opinions or comfort
      letters requested pursuant to Section 3.1.9); (viii) the fees and
      expenses of any special experts retained by the Company in connection with
      such
      registration; and (ix)  the fees and expenses of one legal counsel
      selected by the holders of a majority-in-interest of the Registrable Securities
      included in such registration.  The Company shall have no obligation to pay
      any underwriting discounts or selling commissions attributable to the
      Registrable Securities being sold by the holders thereof, which underwriting
      discounts or selling commissions shall be borne solely by such holders. 
Additionally, in an underwritten offering, all selling securityholders and
      the
      Company shall bear the expenses of the underwriter pro rata in proportion to
      the
      respective dollar amount of securities each is selling in such
      offering.

     

    3.4         
      Information. 
      The holders of Registrable Securities shall provide such information as may
      reasonably be requested by the Company, or the managing Underwriter, if any,
      in
      connection with the preparation of any Registration Statement, including
      amendments and supplements thereto, in order to effect the registration of
      any
      Registrable Securities under the Securities Act pursuant to Section 2 and
      in connection with the Company’s obligation to comply with federal and
      applicable state securities laws.

     

    3.5 Holder
      Obligations.
      No
      holder of Registrable Securities may participate in any underwritten offering
      pursuant to this Section 3 unless such holder (i) agrees to sell only such
      holder’s Registrable Securities on the basis reasonably provided in any
      underwriting agreement, and (ii) completes, executes and delivers any and all
      questionnaires, powers of attorney, custody agreements, indemnities,
      underwriting agreements and other documents reasonably required by or under
      the
      terms of any underwriting agreement or as reasonably requested by the
      Company.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    4.            INDEMNIFICATION
      AND CONTRIBUTION.

     

    4.1         Indemnification
      by the Company. 
      The Company agrees to indemnify and hold harmless each Investor and each other
      holder of Registrable Securities, and each of their respective officers,
      employees, affiliates, directors, partners, members, attorneys and agents,
      and
      each person, if any, who controls an Investor and each other holder of
      Registrable Securities (within the meaning of Section 15 of the Securities
      Act or Section 20 of the Exchange Act) (each, an “Investor
      Indemnified Party”),
      from
      and against any expenses, losses, judgments, claims, damages or liabilities,
      whether joint or several, arising out of or based upon any untrue statement
      (or
      allegedly untrue statement) of a material fact contained in any Registration
      Statement under which the sale of such Registrable Securities was registered
      under the Securities Act, any preliminary prospectus, final prospectus or
      summary prospectus contained in the Registration Statement, or any amendment
      or
      supplement to such Registration Statement, or arising out of or based upon
      any
      omission (or alleged omission) to state a material fact required to be stated
      therein or necessary to make the statements therein not misleading, or any
      violation by the Company of the Securities Act or any rule or regulation
      promulgated thereunder
      applicable to the Company and relating to action or inaction required of the
      Company in connection with any such registration; and the Company shall promptly
      reimburse the Investor Indemnified Party for any legal and any other expenses
      reasonably incurred by such Investor Indemnified Party in connection with
      investigating and defending any such expense, loss, judgment, claim, damage,
      liability or action; provided,
      however,
      that the
      Company will not be liable in any such case to the extent that any such expense,
      loss, claim, damage or liability arises out of or is based upon any untrue
      statement or allegedly untrue statement or omission or alleged omission made
      in
      such Registration Statement, preliminary prospectus, final prospectus, or
      summary prospectus, or any such amendment or supplement, in reliance upon and
      in
      conformity with information furnished to the Company, in writing, by such
      selling holder expressly for use therein.  The Company also shall indemnify
      any Underwriter of the Registrable Securities, their officers, employees,
      affiliates, directors, partners, members, attorneys and agents and each person
      who controls such Underwriter on substantially the same basis as that of the
      indemnification provided above in this Section 4.1.

     

    4.2          Indemnification
      by Holders of Registrable Securities. 
      Each selling holder of Registrable Securities will, in the event that any
      registration is being effected under the Securities Act pursuant to this
      Agreement of any Registrable Securities held by such selling holder, indemnify
      and hold harmless the Company, each of its directors and officers and each
      underwriter (if any), and each other selling holder and each other person,
      if
      any, who controls another selling holder, the Company or such underwriter within
      the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
      Act, against any losses, claims, judgments, damages or liabilities, whether
      joint or several, insofar as such losses, claims, judgments, damages or
      liabilities (or actions in respect thereof) arise out of or are based upon
      any
      untrue statement or allegedly untrue statement of a material fact contained
      in
      any Registration Statement under which the sale of such Registrable Securities
      was registered under the Securities Act, any preliminary prospectus, final
      prospectus or summary prospectus contained in the Registration Statement, or
      any
      amendment or supplement to the Registration Statement, or arise out of or are
      based upon any omission or the alleged omission to state a material fact
      required to be stated therein or necessary to make the statement therein not
      misleading, if the statement or omission was made in reliance upon and in
      conformity with information furnished in writing to the Company by such selling
      holder expressly for use therein, and shall reimburse the Company, its directors
      and officers, and each such other selling holder or controlling person for
      any
      legal or other expenses reasonably incurred by any of them in connection with
      investigation or defending any such loss, claim, damage, liability or
      action.  Each selling holder’s indemnification obligations hereunder shall
      be several and not joint and shall be limited to the amount of any net proceeds
      actually received by such selling holder in connection with the sale of the
      Registrable Securities by such selling holder pursuant to the Registration
      Statement containing such untrue statement or allegedly untrue
      statement.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    4.3          Conduct
      of Indemnification Proceedings. 
      Promptly after receipt by any person of any notice of any loss, claim, damage
      or
      liability or any action in respect of which indemnity may be sought pursuant
      to
      Section 4.1 or 4.2, such person (the “Indemnified
      Party”)
      shall,
      if a claim in respect thereof is to be made against any other person for
      indemnification hereunder, promptly notify such other person (the “Indemnifying
      Party”)
      in
      writing of the loss, claim, judgment, damage, liability or action; provided,
      however,
      that
      the failure by the Indemnified Party to notify the Indemnifying Party shall
      not
      relieve the Indemnifying Party from any liability which the Indemnifying Party
      may have to such Indemnified Party hereunder, except and solely to the extent
      the Indemnifying Party is actually materially prejudiced by such failure. 
If the Indemnified Party is seeking indemnification with respect to any claim
      or
      action brought against the
      Indemnified Party, then the Indemnifying Party shall be entitled to participate
      in such claim or action, and, to the extent that it elects, jointly with all
      other Indemnifying Parties, to assume control of the defense thereof with
      counsel satisfactory to the Indemnified Party.  After notice from the
      Indemnifying Party to the Indemnified Party of its election to assume control
      of
      the defense of such claim or action, the Indemnifying Party shall not be liable
      to the Indemnified Party for any legal or other expenses subsequently incurred
      by the Indemnified Party in connection with the defense thereof other than
      reasonable costs of investigation;
      provided, however,
      that in
      any action in which both the Indemnified Party and the Indemnifying Party are
      named as defendants, the Indemnified Party shall have the right to employ
      separate counsel (but no more than one such separate counsel) to represent
      the
      Indemnified Party and its controlling persons who may be subject to liability
      arising out of any claim in respect of which indemnity may be sought by the
      Indemnified Party against the Indemnifying Party, with the fees and expenses
      of
      such counsel to be paid by such Indemnifying Party if, based upon the written
      opinion of counsel of such Indemnified Party, representation of both parties
      by
      the same counsel would be inappropriate due to actual or potential differing
      interests between them.  No Indemnifying Party shall, without the prior
      written consent of the Indemnified Party, consent to entry of judgment or effect
      any settlement of any claim or pending or threatened proceeding in respect
      of
      which the Indemnified Party is or could have been a party and indemnity could
      have been sought hereunder by such Indemnified Party, unless such judgment
      or
      settlement includes an unconditional release of such Indemnified Party from
      all
      liability arising out of such claim or proceeding.

     

    4.4          Contribution.

     

    4.4.1.      If
      the indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3
      is unavailable to any Indemnified Party in respect of any loss, claim, damage,
      liability or action referred to herein, then each such Indemnifying Party,
      in
      lieu of indemnifying such Indemnified Party, shall contribute to the amount
      paid
      or payable by such Indemnified Party as a result of such loss, claim, damage,
      liability or action in such proportion as is appropriate to reflect the relative
      fault of the Indemnified Parties and the Indemnifying Parties in connection
      with
      the actions or omissions which resulted in such loss, claim, damage, liability
      or action, as well as any other relevant equitable considerations.  The
      relative fault of any Indemnified Party and any Indemnifying Party shall be
      determined by reference to, among other things, whether the untrue or alleged
      untrue statement of a material fact or the omission or alleged omission to
      state
      a material fact relates to information supplied by such Indemnified Party or
      such Indemnifying Party and the parties’ relative intent, knowledge, access to
      information and opportunity to correct or prevent such statement or
      omission.

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    4.4.2.      The
      parties hereto agree that it would not be just and equitable if contribution
      pursuant to this Section 4.4 were determined by
      pro
      rata
      allocation or by any other method of allocation which does not take account
      of
      the equitable considerations referred to in the immediately preceding
      Section 4.4.1.  The amount paid or payable by an Indemnified Party as
      a result of any loss, claim, damage, liability or action referred to in the
      immediately preceding paragraph shall be deemed to include, subject to the
      limitations set forth above, any legal or other expenses incurred by such
      Indemnified Party in connection with investigating or defending any such action
      or claim.  Notwithstanding the provisions of this Section 4.4, no
      holder of Registrable Securities shall be required to contribute any amount
      in
      excess of the dollar amount
      of the
      net proceeds (after payment of any underwriting fees, discounts, commissions
      or
      taxes) actually received by such holder from the sale of Registrable Securities
      which gave rise to such contribution obligation.  No person guilty of
      fraudulent misrepresentation (within the meaning of Section 11(f) of
      the Securities Act) shall be entitled to contribution from any person who was
      not guilty of such fraudulent misrepresentation.

     

    5.            OTHER
      COVENANTS.

     

    5.1          Rule 144. 
      The Company covenants that it shall file any reports required to be filed by
      it
      under the Securities Act and the Exchange Act and shall take such further action
      as the holders of Registrable Securities may reasonably request, all to the
      extent required from time to time to enable such holders to sell Registrable
      Securities without registration under the Securities Act within the limitation
      of the exemptions provided by Rule 144 under the Securities Act, as such
      Rules may be amended from time to time, or any similar Rule or regulation
      (but not Rule 144A) hereafter adopted by the Commission.

     

    6.            MISCELLANEOUS.

     

    6.1          Other
      Registration Rights. 
      Except with respect to these securities issued or issuable upon exercise of
      that
      certain Unit Purchase Option to be issued to Morgan Joseph & Co. or its
      designee in connection with the Company’s initial public offering, the Company
      represents and warrants that no person, other than a holder of the Registrable
      Securities, currently has any right to require the Company to register any
      shares of the Company’s capital stock for sale or to include shares of the
      Company’s capital stock in any registration filed by the Company for the sale of
      shares of capital stock for its own account or for the account of any other
      person. The Company shall not grant to any other person any right to register
      his, her or its securities of the Company which are inconsistent with the rights
      granted hereunder.

     

    6.2          Assignment;
      No Third Party Beneficiaries. 
      This Agreement and the rights, duties and obligations of the Company hereunder
      may not be assigned or delegated by the Company in whole or in part.  This
      Agreement and the rights, duties and obligations of the holders of Registrable
      Securities hereunder may be freely assigned or delegated by such holder of
      Registrable Securities in conjunction with and to the extent of any transfer
      of
      Registrable Securities by any such holder in accordance with applicable
      law.  This Agreement and the provisions hereof shall be binding upon and
      shall inure to the benefit of each of the parties and their respective
      successors and the permitted assigns of the Investor or holder of Registrable
      Securities or of any assignee of the Investor or holder of Registrable
      Securities.  This Agreement is not intended to confer any rights or
      benefits on any persons that are not party hereto other than as expressly set
      forth in Article 4 and this Section 6.2.

     

    6.3          
      Notices.
      All
      notices, demands, requests, consents, approvals or other communications
      (collectively, “Notices”)
      required or permitted to be given hereunder or which are given with respect
      to
      this Agreement shall be in writing and shall be personally served, sent by
      registered or certified mail, return receipt requested, or sent by reputable
      air
      courier service with charges prepaid, addressed as set forth below, or to such
      other address as such party shall have specified most recently by written notice
      provided in accordance with this Section 6.3.  Notice shall be deemed given
      on the date of service if served personally, on the third business day after
      registration or certification, if sent by registered or certified mail, or
      on
      the next business day following timely delivery of such notice to a reputable
      air courier
      service with an order for next-day delivery, if sent by such courier
      service.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    
      	 	
               To
                the Company:

            
	 	
               

            
	 	
              Beverage
                Acquisition Corporation

                                                                     

            
	 	
                                                                     

            
	 	
              Attn:  
                Chairman

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

            
	 	
               

            
	 	
              Mintz
                Levin Cohn Ferris Glovsky and Popeo, PC

            
	 	
              666
                Third Avenue

            
	 	
              New
                York, New York 10017

            
	 	
              Attn:  
                Kenneth R. Koch, Esq.

            
	 	
               

            
	 	
              Skadden,
                Arps, Slate, Meagher & Flom LLP

              Four
                Times Square

            
	 	
              New
                York, New York 10036

            
	 	
              Attn:
                Phyllis G. Korff, Esq.      

            
	 	
              To
                the Company:

            
	 	
               

            
	 	
              and

            
	 	 
	 	
              To
                an Investor, to the attention of the Investor at the address set
                forth
                opposite his, her or its respective name on the signature page
                hereto.

            
	 	
               

            

    

     

    6.4 Severability. 
      This Agreement shall be deemed severable, and the invalidity or unenforceability
      of any term or provision hereof shall not affect the validity or enforceability
      of this Agreement or of any other term or provision hereof.  Furthermore,
      in lieu of any such invalid or unenforceable term or provision, the parties
      hereto intend that there shall be added as a part of this Agreement a provision
      as similar in terms to such invalid or unenforceable provision as may be
      possible and be valid and enforceable.

     

    6.5 Counterparts;
      Facsimile Signatures. 
      This Agreement may be executed in multiple counterparts, each of which shall
      be
      deemed an original, and all of which taken together shall constitute one and
      the
      same instrument. Facsimile signatures shall be deemed to be original signatures
      for all purposes of this Agreement. 

     

    6.6 Entire
      Agreement. 
      This Agreement (including all agreements entered into pursuant hereto and all
      certificates and instruments delivered pursuant hereto and thereto) constitute
      the entire agreement of the parties with respect to the subject matter hereof
      and supersede all prior and contemporaneous agreements, representations,
      understandings, negotiations and discussions between the parties, whether oral
      or written.

     

    6.7 Modifications
      and Amendments. 
      No amendment, modification or termination of this Agreement shall be binding
      upon any party unless executed in writing by such party. Notwithstanding the
      foregoing, any and all parties must obtain the written consent of the
      Representative to amend or modify this Agreement.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    6.8 Titles
      and Headings. 
      Titles and headings of sections of this Agreement are for convenience only
      and
      shall not affect the construction of any provision of this
      Agreement.

     

    6.9 Waivers
      and Extensions. 
      Any party to this Agreement may waive any right, breach or default which such
      party has the right to waive, provided
      that
      such
      waiver will not be effective against the waiving party unless it is in writing,
      is signed by such party, and specifically refers to this Agreement. 
Waivers may be made in advance or after the right waived has arisen or the
      breach or default waived has occurred.  Any waiver may be
      conditional.  No waiver of any breach of any agreement or provision herein
      contained shall be deemed a waiver of any preceding or succeeding breach thereof
      nor of any other agreement or provision herein contained.  No waiver or
      extension of time for performance of any obligations or acts shall be deemed
      a
      waiver or extension of the time for performance of any other obligations or
      acts.

     

    6.10 Remedies
      Cumulative. 
      In the event that the Company fails to observe or perform any covenant or
      agreement to be observed or performed under this Agreement, any Investor or
      any
      other holder of Registrable Securities may proceed to protect and enforce its
      rights by suit in equity or action at law, whether for specific performance
      of
      any term contained in this Agreement or for an injunction against the breach
      of
      any such term or in aid of the exercise of any power granted in this Agreement
      or to enforce any other legal or equitable right, or to take any one or more
      of
      such actions, without being required to post a bond.  None of the rights,
      powers or remedies conferred under this Agreement shall be mutually exclusive,
      and each such right, power or remedy shall be cumulative and in addition to
      any
      other right, power or remedy, whether conferred by this Agreement or now or
      hereafter available at law, in equity, by statute or otherwise.

     

    6.11 Governing
      Law.
      This
      Agreement shall be governed by, interpreted under, and construed in accordance
      with the internal laws of the State of New York applicable to agreements made
      and to be performed within the State of New York, without giving effect to
      any
      choice-of-law provisions thereof that would compel the application of the
      substantive laws of any other jurisdiction. 

     

    6.12 Waiver
      of Trial by Jury. 
      Each party hereby irrevocably and unconditionally waives the right to a trial
      by
      jury in any action, suit, counterclaim or other proceeding (whether based on
      contract, tort or otherwise) arising out of, connected with or relating to
      this
      Agreement, the transactions contemplated hereby, or the actions of any Investor
      in the negotiation, administration, performance or enforcement
      hereof.

     

    (The
      remainder of this page intentionally left blank. Signature pages to
      follow.)

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have caused this Registration Rights Agreement
      to
      be executed and delivered by their duly authorized representatives as of the
      date first written above.

    

    
      	
               

            	
              BEVERAGE
                ACQUISITION CORPORATION,

            
	
               

            	
              a
                Delaware corporation

            
	
               

            	
               

            
	
               

            	
               

            
	
               

            	
              By:

            	
              
                _____________________________

              

            	
               

            
	
               

            	
              Name:

            
	
               

            	
              Title:

            
	
               

            	
              INVESTORS:

            
	
               

            	
               

            
	 	 
	
               

            	 	
              _____________________________

            
	
               

            	
              Norman
                E. Snyder

            
	
               

            	
               

            
	 	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address: 

               

            
	
               

            	
               

               

              
                _____________________________

              

            
	
               

            	
              Rodman
                L. Drake

            
	
               

            	
               

            
	
               

            	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address:  

               

               

            
	 	
               

            
	
               

            	
              
                _____________________________

              

            	
               

            
	
               

            	
              Barclay
                H. Griffiths

            
	
               

            	
               

            
	 	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address:

               

            
	
               

            	
               

            
	 	 
	
               

            	 	
              _____________________________

            
	
               

            	
              Michael
                C. Bellas

            
	
               

            	
               

            
	 	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address: 

               

            

    

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

     

    
      	
               

            	
               

              _____________________________

            
	
               

            	
              J.
                Ross Colbert

            
	
               

            	
               

            
	
               

            	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address:  

               

            
	 	
               

            
	
               

            	
              _____________________________

            	
               

            
	
               

            	
              Albert
                C. Bellas

            
	
               

            	
               

            
	 	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address:

               

            
	
               

            	
               

            
	 	 
	
               

            	 	
              _____________________________

            
	
               

            	
              Fred
                B. Tarter

            
	
               

            	
               

            
	 	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address: 

               

            
	
               

            	
               

              _____________________________

            
	
               

            	
              Peter
                Sealey

            
	
               

            	
               

            
	
               

            	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address:  

               

            
	 	
               

            
	
               

            	
              _____________________________

            	
               

            
	
               

            	
              Belinda
                P. Bellas

            
	
               

            	
               

            
	 	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address:

               

            

    

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    
      	 	
               

              _____________________________

            
	
               

            	
              Philip
                L. Drake Trust

            
	
               

            	
               

            
	
               

            	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address:  

               

            
	 	
               

            
	
               

            	
              
                _____________________________

              

            	
               

            
	
               

            	
              Stephan
                R. Drake Trust

            
	
               

            	
               

            
	 	
              Number
                of shares of Common Stock:

            
	 	
              Number
                of Warrants: 

            
	 	
              Address:

               

            

    

    

    
      
        
        

      

      
        17Unassociated Document

     

    BEVERAGE
      ACQUISITION CORPORATION

     

    INSIDER
      WARRANT PURCHASE AGREEMENT

     

    THIS
      INSIDER WARRANT PURCHASE AGREEMENT (the “Agreement”) is made as of _______, 2006
      between Beverage Acquisition Corporation, a Delaware corporation (the
“Company”), on the one hand, and Michael C. Bellas, Rodman L. Drake, Norman E.
      Snyder, Jr., Barclay H. Griffiths, Fred B. Tarter, Albert C. Bellas or their
      designees, on the other hand (collectively, the “Purchasers” or individually, a
“Purchaser”). Except as otherwise indicated herein, capitalized terms used
      herein are defined in Section 10 hereof.

     

    WHEREAS,
      the Purchasers are officers and/or directors of the Company; and

     

    WHEREAS,
      in furtherance of the Company’s plan to obtain funding through an initial public
      offering (the “Offering”) of its units (the “Units”), each Unit consisting of
      one share of common stock (“Common Stock”), par value $0.0001 per share of the
      Company (the “Unit Common Stock”) and one warrant to purchase one share of
      common stock (the “Unit Warrants” or a “Unit Warrant”) and to demonstrate the
      commitment of the initial stockholders of the Company to this plan, the
      Purchasers desire to make an investment in the Company by purchasing 1,041,667
      warrants (the “Insider Warrants” or a “Insider Warrant” ) on the terms and
      conditions described herein; and

     

    WHEREAS,
      the consummation of this Agreement is a condition to the closing of the Offering
      as described in the Underwriting Agreement to be entered into by and between
      the
      Company and Morgan Joseph & Co. Inc. (the “Representative”), which the form
      of Underwriting Agreement is filed as an exhibit to the Company’s registration
      statement on Form S-1 (File No. 333-_______) as the same has been and may
      be amended from time to time hereafter (the “Registration Statement”) and filed
      with the Securities and Exchange Commission (the “Commission”).

     

    NOW
      THEREFORE, the parties to this Agreement hereby agree as follows:

     

    Section 1.
      Authorization, Purchase and Sale; Terms of the Insider
      Warrants.

     

    A.
      Authorization of the Insider Warrants.
      The
      Company has authorized, and hereby ratifies such authorization by execution
      hereof, the issuance and sale to the Purchasers of an aggregate of 1,041,667
      Insider Warrants. Each Insider Warrant shall upon exercise and payment of the
      exercise price specified therein entitle the holder to purchase one share of
      the
      Company’s Common Stock.

     

    B.
      Purchase and Sale of the Insider Warrants.
      The
      Company shall sell to the Purchasers, and subject to the terms and conditions
      set forth herein, the Purchasers shall severally purchase from the Company,
      prior to the effectiveness of the Registration Statement, an aggregate of
      1,041,667 Insider Warrants. Each Purchaser shall purchase that number of the
      Insider Warrants as is set forth opposite his name in the table contained in
      Exhibit
      A
      hereto.
      The purchase price of each Insider Warrant shall be $1.20 per warrant (the
      “Purchase Price”), which shall be paid in immediately available funds through
      wire transfers to the trust account (the “Trust Account”) to be established
      pursuant to that certain Investment Management Trust Agreement by and between
      the Company and Continental Stock Transfer & Trust Company
      (“Continental”). The Purchase Price shall be wired to the Trust Account by the
      Purchasers so as to be on deposit in the Trust Account not less than 24 hours
      prior to the effectiveness of the Registration Statement. Amounts so received
      in
      the Trust Account shall be credited against the respective purchase obligations
      of the Purchasers as described on Exhibit
      A
      hereto.

     

    C.
      Terms of the Insider Warrants.
      The
      Insider Warrants shall carry rights and terms identical to those possessed
      by
      the Unit Warrants described in the Registration Statement, subject to the
      following exceptions: the Insider Warrants (i) will not be
      transferable or salable by the Purchasers until such time as the Company has
      completed a Business Combination, (ii) will be non-redeemable so long as
      the Purchasers hold such warrants following their issuance by the Company to
      such Purchasers, (iii) may be exercised on a cashless basis, and
      (iv) together with the shares of Common Stock underlying the Insider
      Warrants, are and will be entitled to registration rights under the registration
      rights agreement (the “Registration Rights Agreement”) to be signed
      contemporaneously herewith between the Purchasers, the Initial Stockholders
      (as
      such term is defined in the Registration Statement) and the Company. The
      transfer restriction set forth in (i) above shall not apply to
      (a) transfers resulting from the death of any of the Purchasers,
      (b) transfers by operation of law, (c) any transfer for estate
      planning purposes to persons immediately related to the transferor by blood,
      marriage or adoption, or (d) any trust solely for the benefit of such
      transferor and/or the persons described in the preceding clause; provided,
      however, that with respect to each of the transfers described in clauses (a),
      (b), (c) and (d) of this sentence, that prior to such transfer, each
      permitted transferee or the trustee or legal guardian for each permitted
      transferee (hereinafter collectively, “Permitted Transferees” or a “Permitted
      Transferee”) agrees in writing to be bound by the terms of this Agreement.
      Should any of the Purchasers transfer or sell Insider Warrants to persons other
      than Permitted Transferees after the Company has completed a Business
      Combination, then such Insider Warrants shall on the date of such transfer
      immediately become redeemable under the same terms as the Unit Warrants. Except
      as specifically provided in this Agreement, the terms of the Insider Warrants
      shall in all other respects be as set forth in the Warrant Agreement relating
      to
      the Unit Warrants by and between the Company and Continental. In the event
      of
      any conflict between this Agreement and the Warrant Agreement, the terms and
      provisions of which are incorporated herein by reference, this Agreement shall
      control.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Section 2.
      The
      Closing.
      The
      closing of the purchase and sale of the Insider Warrants to the Purchasers
      (the
“Closing”) shall take place at the offices of Morgan Joseph & Co., Inc.
      prior to the effectiveness of the Registration Statement. At the Closing, the
      Company shall deliver warrant certificates evidencing the Insider Warrants
      to be
      purchased by the Purchasers hereunder, registered in each Purchaser’s name, upon
      the payment of the aggregate purchase price therefor, by wire transfer of
      immediately available funds to the Trust Account.

     

    Section 3.
      Representations and Warranties of the Company.
      As a
      material inducement to the Purchasers to enter into this Agreement and purchase
      the Insider Warrants, the Company hereby represents and warrants
      that:

     

    A.
      Organization and Corporate Power.
      The
      Company is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Delaware and is qualified to do business in
      every
      jurisdiction in which the failure to so qualify would reasonably be expected
      to
      have a material adverse effect on the financial condition, operating results
      or
      assets of the Company. The Company possesses all requisite corporate power
      and
      authority necessary to carry out the transactions contemplated by this
      Agreement.

     

    B.
      Authorization; No Breach.

     

    (i)
      The
      execution, delivery and performance of this Agreement to which the Company
      is a
      party will have been duly authorized by the Company as of the Closing upon
      the
      approval hereof by the Company and its Board of Directors. This Agreement
      constitutes a valid and binding obligation of the Company, enforceable in
      accordance with its terms upon its execution.

     

    (ii)
      The
      execution and delivery by the Company of this Agreement, the sale and issuance
      of the Insider Warrants hereunder, the issuance of the Common Stock upon
      exercise of the Insider Warrants (except, with respect thereto, any filings
      required under Federal or state securities laws or issuance of one or more
      legal
      opinions in form and content reasonably satisfactory to the Company pertaining
      to the availability of one or more exemptions with respect to the issuance
      of
      the Insider Warrants under applicable securities laws) and the fulfillment
      of
      and compliance with the respective terms hereof and thereof by the Company,
      do
      not and will not as of the Closing (i) conflict with or result in
      a
      breach
      of the terms, conditions or provisions of, (ii) constitute a default under,
      (iii) result in the creation of any lien, security interest, charge or
      encumbrance upon the Company’s capital stock or assets pursuant to,
      (iv) result in a violation of, or (v) require any authorization,
      consent, approval, exemption or other action by or notice or declaration to,
      or
      filing with, any court or administrative or governmental body or agency pursuant
      to the Certificate of Incorporation of the Company or the bylaws of the Company,
      or any material law, statute, rule or regulation to which the Company is
      subject, or any agreement, order, judgment or decree to which the Company is
      subject, except for any filings required after the date hereof under Federal
      or
      state securities laws.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    C.
      Title to Securities.
      Upon
      issuance in accordance with, and payment pursuant to, the terms hereof, the
      Insider Warrants to be purchased hereunder and, upon exercise of the Insider
      Warrants, payment of the exercise price set forth therein and conformance with
      the other provisions relating to the exercise thereto, the Common Stock issuable
      upon exercise of such Insider Warrants will be duly and validly issued, fully
      paid, nonassessable, and the Purchasers will have or receive good title to
      such
      securities, free and clear of all liens, claims and encumbrances of any kind,
      other than (a) transfer restrictions hereunder and under the other
      agreements contemplated hereby, (b) transfer restrictions under federal and
      state securities laws and (c) liens, claims or encumbrances imposed due to
      the actions of the Purchaser.

     

    D.
      Governmental Consents.
      No
      permit, consent, approval or authorization of, or declaration to or filing
      with,
      any governmental authority is required in connection with the execution,
      delivery and performance by the Company of this Agreement or the consummation
      by
      the Company of any other transactions contemplated hereby.

     

    E.
      Disclosure.
      (a) The Company has provided each Purchaser with a copy of the Registration
      Statement and each Amendment to the Company’s Registration Statement, or
      informed each Purchaser of the filing thereof and instructed or requested the
      Purchasers to review the Registration Statement and each such Amendment on
      the
      Commission’s website . The Company will provide the Purchasers with a copy of
      any and all amendments to the Registration Statement filed by the Company with
      the Commission prior to the Closing. (b) To the best of the Company’s
      knowledge as of the date hereof, neither this Agreement nor the Registration
      Statement, taken as a whole, contains any untrue statement of a material fact
      or
      omits to state a material fact necessary to make the statements herein or
      therein not misleading in light of the circumstances in which such statements
      were made.

     

    Section 4.
      Representations, Warranties and Covenants of Purchasers.
      As a
      material inducement to the Company to enter into this Agreement and issue and
      sell the Insider Warrants to the Purchasers, the Purchasers hereby severally
      represent, warrant and covenant to the Company (which representations,
      warranties and covenants shall survive the Closing) that:

     

    A.
      Capacity and State Law Compliance.
      Each
      Purchaser is an individual over the age of 21 years with the legal capacity
      to
      execute and perform the obligations imposed on each of the Purchasers hereunder.
      Each Purchaser has engaged in the transactions contemplated by this Agreement
      within a state in which the offer and sale of the Insider Warrants is permitted
      under applicable securities laws. The Purchaser understands and acknowledges
      that the purchase of Common Stock on exercise of the Insider Warrants may
      require the registration of such Common Stock under Federal and/or state
      securities laws or the availability of an exemption from such registration
      requirements.

     

    B.
      Authorization; No Breach.

     

    (i)
      This
      Agreement constitutes a valid and binding obligation of each Purchaser,
      enforceable in accordance with its terms.

     

    (ii)
      The
      execution and delivery by Purchasers of this Agreement and the fulfillment
      of
      and compliance with the respective terms hereof by Purchasers do not and shall
      not as of the
      Closing
      conflict with or result in a breach of the terms, conditions or provisions
      of
      any other agreement, instrument, order, judgment or decree to which Purchaser
      is
      subject.

     

    C.
      Investment Representations.

     

    (i)
      Each
      of the Purchasers is acquiring the Insider Warrants and, upon exercise thereof,
      the Common Stock issuable upon such exercise (collectively, the “Securities”)
      for his own account, for investment only and not with a view towards, or for
      resale in connection with, any public sale or distribution thereof.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (ii)
      Each
      Purchaser is an “accredited investor” as defined in Rule 501(a)(3) of Regulation
      D.

     

    (iii)
      Each Purchaser understands that the Securities are being offered and sold to
      him
      in reliance on specific exemptions from the registration requirements of United
      States federal and state securities laws and that the Company is relying in
      part
      upon the truth and accuracy of, and Purchaser’s compliance with, the
      representations, warranties and agreements of Purchaser set forth herein in
      order to determine the availability of such exemptions and the eligibility
      of
      Purchaser to acquire such securities.

     

    (iv)
      Each
      Purchaser initiated discussions with the Company relating to the purchase and
      sale of the Securities contemplated by this Agreement on an unsolicited basis
      prior to the date of this Agreement. The Purchasers did not initiate such
      discussions, nor did Purchasers decide to enter into this Agreement, as a result
      of any general solicitation or general advertising within the meaning of Rule
      502(c) under the Securities Act of 1933, as amended (the “Securities Act”),
      including the filing of the Registration Statement.

     

    (v)
      Each
      Purchaser has been furnished with all materials relating to the business,
      finances and operations of the Company and materials relating to the offer
      and
      sale of the Securities which have been requested by Purchaser. Each Purchaser
      has been afforded the opportunity to ask questions of the other executive
      officers and directors of the Company. Each Purchaser understands that his
      investment in the Securities involves a high degree of risk. Each Purchaser
      has
      sought such accounting, legal and tax advice as he has considered necessary
      to
      make an informed investment decision with respect to his acquisition of the
      Securities. Each Purchaser has received and reviewed a copy of the Registration
      Statement, including without limitation, the language therein under the caption
      “Risk Factors,” and signed the Registration Statement signature page in his
      capacity as an officer or director (or both) of the Company, as the case may
      be.

     

    (vi)
      Each
      Purchaser understands that no United States federal or state agency or any
      other
      government or governmental agency has passed on or made any recommendation
      or
      endorsement of the Securities or the fairness or suitability of the investment
      in the Securities nor have such authorities passed upon or endorsed the merits
      of the offering of the Securities.

     

    (vii)
      Each Purchaser understands that: (a) the Securities have not been and are
      not being registered under the Securities Act or any state securities laws,
      and
      may not be offered for sale, sold, assigned or transferred unless
      (A) subsequently registered thereunder or (B) sold in reliance on an
      exemption therefrom; and (b) except as specifically set forth in the
      Registration Rights Agreement, neither the Company nor any other person is
      under
      any obligation to register such securities under the Securities Act or any
      state
      securities laws or to comply with the terms and conditions of any exemption
      thereunder. In this regard, each Purchaser represents that he is familiar with
      Rule 144 adopted pursuant to the Securities Act, and understands the resale
      limitations imposed thereby and by the Securities Act. Each Purchaser is able
      to
      bear the economic risk of its investment in the Securities for an indefinite
      period of time.

     

    (viii)
      Each Purchaser is an investor in securities of companies in the development
      stage and acknowledges that he is able to fend for himself, has knowledge and
      experience in financial and business matters, knows of the high degree of risk
      associated with investments
      generally and particularly investments in the securities of companies in the
      development stage such as the Company, is capable of evaluating the merits
      and
      risks of an investment in the Securities and is able to bear the economic risk
      of an investment in the Securities in the amount contemplated hereunder. Each
      Purchaser has adequate means of providing for his current financial needs and
      contingencies and will have no current or anticipated future needs for liquidity
      which would be jeopardized by the investment in the Securities. Each Purchaser
      can afford a complete loss of his investment in the Securities.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (ix)
      Without in any way limiting the representations set forth above, the Purchasers
      agree not to make any disposition of all or any portion of the Securities unless
      and until:

     

    (1)
      There
      is then in effect a registration statement under the Securities Act covering
      such proposed disposition and such disposition is made in accordance with such
      registration statement; or

     

    (2)(i)
      The Purchaser shall have notified the Company of the proposed disposition and
      shall have furnished the Company with a detailed statement of the circumstances
      surrounding the proposed disposition, and (ii) if reasonably requested by
      the Company, the Purchaser shall have furnished the Company with an opinion
      of
      counsel, reasonably satisfactory to the Company, that such disposition will
      not
      require registration of such Securities under the Securities Act.
      Notwithstanding the foregoing, each Purchaser also understands and acknowledges
      that the transfer or exercise of the Insider Warrants is subject to the specific
      conditions to such transfer or exercise as outlined herein, as to which each
      Purchaser specifically assents by his execution hereof.

     

    F.
      No
      Group.
      By
      virtue of the Purchasers purchasing the Insider Warrants under this Agreement,
      such participation shall not be construed so as to make any of the Purchasers
      part of, or a participant in, a “group” as defined in Rule 13d-5 of the Exchange
      Act with respect to any securities of the Company.

     

    G.
      Rescission Right Waiver and Indemnification.

     

    (i)
      Each
      of the Purchasers understands and acknowledges that an exemption from the
      registration requirements of the Securities Act requires that there be no
      general solicitation of purchasers of the Insider Warrants. In this regard,
      if
      the Offering were deemed to be a general solicitation with respect to the
      Insider Warrants, the offer and sale of such Insider Warrants may not be exempt
      from registration and, if not, the Purchasers may have a right to rescind their
      purchases of the Insider Warrants. In order to facilitate the completion of
      the
      Offering and in order to protect the Company, its stockholders and the Trust
      Account from claims that may adversely affect the Company or the interests
      of
      its stockholders, each of the Purchasers hereby agrees to waive, to the maximum
      extent permitted by applicable law, any claims, right to sue or rights in law
      or
      arbitration, as the case may be, to seek rescission of his purchase of the
      Insider Warrants. Each of the Purchasers acknowledges and agrees that this
      waiver is being made in order to induce the Company to sell the Insider Warrants
      to the Purchasers. Each Purchaser agrees that the foregoing waiver of rescission
      rights shall apply to any and all known or unknown actions, causes of action,
      suits, claims, or proceedings (collectively, “Claims”) and related losses,
      costs, penalties, fees, liabilities and damages, whether compensatory,
      consequential or exemplary, and expenses in connection therewith (collectively,
      “Losses and Expenses”) including reasonable attorneys’ and expert witness fees
      and disbursements and all other expenses reasonably incurred in investigating,
      preparing or defending against any Claims, whether pending or threatened, in
      connection with any present or future actual or asserted right to rescind the
      purchase of the Insider Warrants hereunder or relating to the purchase of the
      Insider Warrants and the transactions contemplated hereby.

     

    (ii)
      Each
      Purchaser agrees not to seek recourse against the Trust Account for any reason
      whatsoever in connection with his purchase of the Insider Warrants or any Claim
      that may arise now or in the future.

    

    (iii)
      Each of the Purchasers agree to severally indemnify and hold harmless the
      Company, the Representative and the Trust Account against any and all Losses
      and
      Expenses whatsoever to which the Company, the Representative and the Trust
      Account may become subject as a result of the purchase of the Insider Warrants
      by the Purchasers or a Purchaser, including but not limited to any Claim by
      any
      Purchaser of the Insider Warrants, but only to the extent necessary to ensure
      that such Losses and Expenses do not reduce the amount in the Trust Account.
      To
      the extent that the foregoing several indemnification by the Purchasers may
      be
      unenforceable for any reason, each of the Purchasers agree to make the maximum
      contribution permissible by applicable law to the payment and satisfaction
      of
      any Losses and Expenses relating to Claims that may or will otherwise reduce
      the
      amount in the Trust Account. Any Losses and Expenses indemnified hereunder
      by
      the Purchasers will be paid based on the number of Insider Warrants purchased
      by
      such Purchaser relative to the total number of Insider Warrants purchased by
      all
      Purchasers hereunder, except to the extent that such Claims are brought by
      any
      of the Purchasers, in which case the foregoing indemnity obligation shall only
      be that of the Purchaser making the Claim, it being the understanding and
      agreement of the Purchasers that each of them shall be held harmless by the
      other as to any Claims, Losses and Expenses.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (iv)
      The
      Purchasers acknowledge and agree that the stockholders of the Company, including
      those who purchase the Units in the Offering, are and shall be third-party
      beneficiaries of the foregoing provisions of Section 5G of this
      Agreement.

     

    (v)
      Each
      Purchaser agrees that to the extent any waiver of rights under this
      Section 5G is ineffective as a matter of law, each Purchaser has offered
      such waiver for the benefit of the Company as an equitable right that shall
      survive any statutory disqualification or bar that applies to a legal right.
      Each Purchaser acknowledges the receipt and sufficiency of consideration
      received from the Company hereunder in this regard.

     

    Section 6.
      Conditions of the Purchasers’ Obligations at the Closing.

     

    The
      obligation of the Purchasers to purchase and pay for the Insider Warrants is
      subject to the fulfillment, at or before the Closing, of each of the following
      conditions:

     

    A.
      Representations and Warranties.
      The
      representations and warranties of the Company contained in Section 3,
      except for those stated to be made as of the date hereof, shall be true and
      correct in all material respects at and as of the Closing as though then made,
      except to the extent of changes caused by the transactions expressly
      contemplated herein or in the prospectus contained in the Registration
      Statement.

     

    B.
      Performance.
      The
      Company shall have performed and complied with all agreements, obligations
      and
      conditions contained in this Agreement that are required to be performed or
      complied with by it on or before the Closing.

     

    C.
      Registration Statement.
      The
      Registration Statement shall have been declared effective by the Commission
      and
      the closing of the Offering shall take place within four business days of such
      effective date or, if the Registration Statement is declared effective before
      2:00 p.m. on a business day, the closing of the Offering shall take place within
      three business days of such effective date.

     

    Section 7.
      Conditions of the Company’s Obligations at the Closing.

     

    The
      obligations of the Company to the Purchasers under this Agreement are subject
      to
      the fulfillment on or before the Closing of each of the following
      conditions:

     

    A.
      Representations and Warranties. The representations and warranties of Purchasers
      contained in Section 4 shall be true at and as of the Closing as though
      then made.

     

    B.
      Performance. The Purchasers shall have performed and complied with all
      agreements, obligations and conditions contained in this Agreement that are
      required to be performed or complied with by them on or before the
      Closing.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    C.
      Corporate Consents. The Company shall have obtained the consent of its Board
      of
      Directors authorizing the execution, delivery and performance of this Agreement
      and the issuance and sale of the Insider Warrants hereunder.

     

    Section 8.
      Termination.
      This
      Agreement may or will be terminated at any time prior to the consummation of
      the
      Closing if the Offering is not closed within the time periods described in
      the
      Underwriting Agreement after the Registration Statement is declared
      effective.

     

    Section 9.
      Survival of Representations and Warranties.
      All of
      the representations and warranties contained herein shall survive the Closing
      for a period of six (6) months except as otherwise specifically provided
      herein.

     

    Section 10.
      Definitions.
      For the
      purposes of this Agreement, the following terms have the meanings set
      forth:

     

    “Affiliate”
      of any particular Person means any other Person controlling, controlled by
      or
      under common control with such particular Person, where “control” means the
      possession, directly or indirectly, of the power to direct the management and
      policies of a Person whether through the ownership of voting securities,
      contract or otherwise.

     

    “Business
      Combination” means a merger, stock exchange, asset acquisition, stock purchase
      or similar business combination of the Company with a target business or
      businesses that is its initial business combination and which meets the size,
      timing and other criteria outlined in the Registration Statement.

     

    “Common
      Stock” means the Company’s Common Stock, par value $0.0001 per
      share.

     

    “Exchange
      Act” means the Securities Exchange Act of 1934, as amended.

     

    “Person”
      means any individual, partnership, corporation, limited liability company,
      association, joint stock company, trust, joint venture, unincorporated
      organization or governmental entity or any department, agency or political
      subdivision thereof.

     

    “Securities
      Act” means the Securities Act of 1933, as amended.

     

    “Securities
      and Exchange Commission” or “Commission” means the United States Securities and
      Exchange Commission.

     

    Section 11.
      Miscellaneous.

     

    A.
      Legends.

     

    (i)
      The
      certificates evidencing the Insider Warrants will include the legend set forth
      below, which the Purchasers have read and understand:

     

    THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW, AND MAY NOT BE OFFERED, SOLD,
      TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED, AND ANY APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION
      FROM SUCH REGISTRATION IS AVAILABLE. THESE SECURITIES ARE ALSO SUBJECT TO
      INVESTMENT REPRESENTATIONS AND RESTRICTIONS ON TRANSFER OR SALE PURSUANT TO
      A
      PURCHASE AGREEMENT DATED ________, 2006 WHICH RESTRICTS THE TRANSFER THEREOF
      AS
      PROVIDED IN THE PURCHASE
      AGREEMENT, A COPY OF WHICH CAN BE OBTAINED FROM THE COMPANY AT ITS EXECUTIVE
      OFFICES.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (ii)
      By
      accepting the certificates bearing the aforesaid legend, each Purchaser agrees,
      prior to any permitted transfer of the Securities represented by the
      certificates and subject to the restrictions contained herein, to give written
      notice to the Company expressing his desire to effect such transfer and
      describing briefly the proposed transfer. Upon receiving such notice, the
      Company shall present copies thereof to its counsel and the following provisions
      shall apply:

     

    (a)
      subject to the transfer restrictions contained elsewhere in this Agreement,
      if,
      in the reasonable opinion of counsel to the Company, the proposed transfer
      of
      such Securities may be effected without registration under the Securities Act
      and applicable state securities acts, the Company shall promptly thereafter
      notify the transferring Purchaser, whereupon the transferring Purchaser shall
      be
      entitled to transfer such Securities, all in accordance with the terms of the
      notice delivered by the transferring Purchaser and upon such further terms
      and
      conditions as shall be required to ensure compliance with the Securities Act
      and
      the applicable state securities acts, and, upon surrender of the certificate
      evidencing such Securities, in exchange therefor, a new certificate not bearing
      a legend of the character set forth above if such counsel reasonably believes
      that such legend is no longer required under the Securities Act and the
      applicable state securities acts; and

     

    (b)
      subject to the transfer restrictions contained elsewhere in this Agreement,
      if,
      in the reasonable opinion of counsel to the Company, the proposed transfer
      of
      such Securities may not be effected without registration under the Securities
      Act or the applicable state securities acts, a copy of such opinion shall be
      promptly delivered to the transferring Purchaser, and such proposed transfer
      shall not be made unless such registration is then in effect.

     

    (iii)
      The
      Company may, from time to time, make stop transfer notations in its records
      and
      deliver stop transfer instructions to its transfer agent to the extent its
      counsel considers it necessary to ensure compliance with the Securities Act
      and
      the applicable state securities acts.

     

    B.
      Successors and Assigns. Except as otherwise expressly provided herein, all
      covenants and agreements contained in this Agreement by or on behalf of any
      of
      the parties hereto shall bind and inure to the benefit of the respective
      successors and assigns of the parties hereto whether so expressed or not.
      Notwithstanding the foregoing or anything to the contrary herein, the parties
      may not assign this Agreement.

     

    C.
      Severability. Whenever possible, each provision of this Agreement shall be
      interpreted in such manner as to be effective and valid under applicable law,
      but if any provision of this Agreement is held to be prohibited by or invalid
      under applicable law, such provision shall be ineffective only to the extent
      of
      such prohibition or invalidity, without invalidating the remainder of this
      Agreement.

     

    D.
      Counterparts. This Agreement may be executed simultaneously in two or more
      counterparts, any one of which need not contain the signatures of more than
      one
      party, but all such counterparts taken together shall constitute one and the
      same Agreement.

     

    E.
      Descriptive Headings; Interpretation. The descriptive headings of this Agreement
      are inserted for convenience only and do not constitute a substantive part
      of
      this Agreement. The use of the word “including” in this Agreement shall be by
      way of example rather than by limitation.

     

    F.
      Governing Law. The general corporation law of the State of New York shall govern
      all issues and questions concerning the construction, validity, enforcement
      and
      interpretation of this Agreement, without giving effect to any choice of law
      or
      conflict of law rules or provisions that would cause the application of the
      laws
      of any jurisdiction other than the State of New York.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    G.
      Notices. All notices, demands or other communications to be given or delivered
      under or by reason of the provisions of this Agreement shall be in writing
      and
      shall be deemed to have been given when delivered personally to the recipient,
      sent to the recipient by reputable overnight courier service (charges prepaid)
      or mailed to the recipient by certified or registered mail, return receipt
      requested and postage prepaid. Such notices, demands and other communications
      shall be sent:

    

     

    if
      to the
      Company, to:

    

    Beverage
      Acquisition Corporation

    2670
      Commercial Avenue

    Mingo
      Junction, Ohio 43938

    Attn:
      Chief Executive Officer

    Fax
      No.:

     

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

    

     

    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

    

      

    If
      to the
      Purchaser: At the address of the respective Purchaser as set forth in the
      records of the Company.

     

    or
      to
      such other address or to the attention of such other person as the recipient
      party has specified by prior written notice to the sending party.

     

    H.
      No
      Strict Construction. The parties hereto have participated jointly in the
      negotiation and drafting of this Agreement. In the event an ambiguity or
      question of intent or interpretation arises, this Agreement shall be construed
      as if drafted jointly by the parties hereto, and no presumption or burden of
      proof shall arise favoring or disfavoring any party by virtue of the authorship
      of any of the provisions of this Agreement.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Purchase Agreement on
      the
      date first written above.

     

    
      	
               

            	
              BEVERAGE
                ACQUISITION CORPORATION

            
	
               

            	
               

            
	
               

            	
               

            	
              By:

            	 
	
               

            	
               

            	
              Name:

            
	
               

            	
               

            	
              Title:

            
	
               

            	
               

            
	
               

            	
              THE
                PURCHASERS:

            
	
               

            	
               

            
	
               

            	 
	
               

            	
              Michael
                C. Bellas

            
	
               

            	
               

            
	
               

            	 
	
               

            	
              Rodman
                L. Drake

            
	
               

            	
               

            
	
               

            	 
	
               

            	
              Norman
                E. Snyder, Jr.

            
	
               

            	
               

            
	
               

            	 
	
               

            	
              Barclay
                H. Griffiths

            
	
               

            	
               

            
	
               

            	 
	
               

            	
              Fred
                B. Tarter

            
	
               

            	
               

            
	
               

            	
              __________________________________________________

            
	
               

            	
              Albert
                C. Bellas

            
	 	 

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
      A

     

    
      	
               Name

            	 	
               

            	 	
              
                Amount
                  of Warrants

              

            	 
	
              Michael
                C. Bellas

            	 	 	 	 	 	 	 	$	
            	 
	
              Rodman
                L. Drake

            	 	 	 	 	 	 	 	$	
            	 
	
              Norman
                E. Snyder, Jr.

            	 	 	 	 	 	 	 	$	
            	 
	
              Barclay
                H. Griffiths

            	 	 	 	 	 	 	 	$	
            	 
	
              Fred
                B. Tarter

            	 	 	 	 	 	 	 	$	
            	 
	
              Albert
                C. Bellas

            	 	 	 	 	 	 	 	$	
            	 
	
              Total

            	 	 	 	 	
               

            	
               

            	 	$	
              
                1,250,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00107-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00107-of-00352.parquet"}]]