Document:

UNIT
      PURCHASE OPTION

     

    FOR
      THE
      PURCHASE OF

     

    225,000
      UNITS

     

    OF

     

    BEVERAGE
      ACQUISITION CORPORATION

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    THE
      REGISTERED HOLDER OF THIS PURCHASE OPTION BY ITS ACCEPTANCE HEREOF, AGREES
      THAT
      IT WILL NOT SELL, TRANSFER OR ASSIGN THIS PURCHASE OPTION EXCEPT AS HEREIN
      PROVIDED AND THE REGISTERED HOLDER OF THIS PURCHASE OPTION AGREES THAT IT WILL
      NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS PURCHASE OPTION FOR
      A
      PERIOD OF ONE YEAR FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) TO ANYONE OTHER
      THAN (I) MORGAN JOSEPH & CO. INC. (“MORGAN JOSEPH”) OR AN UNDERWRITER OR A
      SELECTED DEALER IN CONNECTION WITH THE OFFERING, OR (II) A BONA FIDE OFFICER
      OR
      PARTNER OF MORGAN JOSEPH OR OF ANY SUCH UNDERWRITER OR SELECTED
      DEALER.

     

    THIS
      PURCHASE OPTION IS NOT EXERCISABLE PRIOR TO THE LATER OF (I)                      ,
      2007
      AND (II) THE CONSUMMATION BY BEVERAGE ACQUISITION CORPORATION (“COMPANY”) OF A
      MERGER, CAPITAL STOCK EXCHANGE, ASSET ACQUISITION, STOCK PURCHASE OR OTHER
      SIMILAR BUSINESS COMBINATION (“BUSINESS COMBINATION”) (AS DESCRIBED MORE FULLY
      IN THE COMPANY’S REGISTRATION STATEMENT (DEFINED HEREIN)). 

     

     

    UNIT
      PURCHASE OPTION

     

    FOR
      THE
      PURCHASE OF

     

    225,000
      UNITS

     

    OF

     

    BEVERAGE
      ACQUISITION CORPORATION

     

    1.  Purchase
      Option.

     

    THIS
      CERTIFIES THAT, in consideration of $100.00 duly paid by or on behalf of Morgan
      Joseph (“Holder”), as registered owner of this Purchase Option (the “Purchase
      Option”), to Beverage Acquisition Corporation (“Company”), Holder is entitled,
      at any time or from time to time upon the later of (i)                      ,
      2007
      and (ii) the consummation of a Business Combination (“Commencement Date”), and
      at or before 5:00 p.m., New York City Time,                      ,
      2011
      (“Expiration Date”), but not thereafter, to subscribe for, purchase and receive,
      in whole or in part, up to Two Hundred Twenty-Five Thousand (225,000) units
      (“Units”) of the Company, each Unit consisting of one share of common stock of
      the Company, par value $0.0001 per share (“Common Stock”), and one warrant
      (“Warrant(s)”) expiring four years from the effective date (“Effective Date”) of
      the registration statement (“Registration Statement”) pursuant to which Units
      are offered for sale to the public (“Offering”). Each Warrant is the same as the
      warrants included in the Units being registered for sale to the public by way
      of
      the Registration Statement (“Public Warrants”). If the Expiration Date is a day
      on which banking institutions in the State of New York are authorized by law
      to
      close, then this Purchase Option may be exercised on the next succeeding day
      which is not such a day in accordance with the terms herein. During the period
      beginning on the date hereof and ending on the Expiration Date, the Company
      agrees not to take any action that would terminate the Purchase Option. This
      Purchase Option is initially exercisable at $10.00 per Unit so purchased;
      provided, however, that upon the occurrence of any of the events specified
      in
      Section 6 hereof, the rights granted by this Purchase Option, including the
      exercise price per Unit and the number of Units (and shares of Common Stock
      and
      Warrants) to be received upon such exercise, shall be adjusted as therein
      specified. The term “Exercise Price” shall mean the initial exercise price or
      the adjusted exercise price, depending on the context.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2.  Exercise.

     

    2.1  Exercise
      Form.
      In
      order to exercise this Purchase Option, the exercise form attached hereto must
      be duly executed and completed and delivered to the Company, together with
      this
      Purchase Option and payment of the Exercise Price for the Units being purchased
      payable in cash, by certified check, official bank check or wire transfer.
      If
      the subscription rights represented hereby shall not be exercised at or before
      5:00 p.m., New York City time, on the Expiration Date, this Purchase Option
      shall become and be void without further force or effect, and all rights
      represented hereby shall cease and expire.

     

    2.2  Legend.
      Each
      certificate for the securities purchased under this Purchase Option shall bear
      a
      legend as follows unless such securities have been registered under the
      Securities Act of 1933, as amended (“Act”):

     

    “The
      securities represented by this certificate have not been registered under the
      Securities Act of 1933, as amended (“Act”) or applicable state law. The
      securities may not be offered for sale, sold or otherwise transferred except
      pursuant to an effective registration statement under the Act, or pursuant
      to an
      exemption from registration under the Act and applicable state
      law.”

     

    2.3  Cashless
      Exercise.

     

    2.3.1  Determination
      of Amount.
      In lieu
      of the payment of the Exercise Price multiplied by the number of Units for
      which
      this Purchase Option is exercisable (and in lieu of being entitled to receive
      Common Stock and Warrants) in the manner required by Section 2.1, the Holder
      shall have the right (but not the obligation) to convert any exercisable but
      unexercised portion of this Purchase Option into Units (“Conversion Right”) as
      follows: upon exercise of the Conversion Right, the Company shall deliver to
      the
      Holder (without payment by the Holder of any of the Exercise Price in cash)
      that
      number of Units (or that number of shares of Common Stock and Warrants
      comprising that number of Units) equal to the quotient obtained by dividing
      (x)
      the “Value” (as defined below) of the portion of the Purchase Option being
      converted by (y) the Current Market Value (as defined below). The “Value” of the
      portion of the Purchase Option being converted shall equal the remainder derived
      from subtracting (a) (i) the Exercise Price multiplied by (ii) the number of
      Units underlying the portion of this Purchase Option being converted from (b)
      the Current Market Value of a Unit multiplied by the number of Units underlying
      the portion of the Purchase Option being converted. As used herein, the term
      “Current Market Value” per Unit at any date means: (A) in the event that neither
      the Units nor Warrants are still trading, the remainder derived from subtracting
      (x) the exercise price of the Warrants multiplied by the number of shares of
      Common Stock issuable upon exercise of the Warrants underlying one Unit from
      (y)
      (i) the Current Market Price of the Common Stock multiplied by (ii) the number
      of shares of Common Stock underlying one Unit, which shall include the shares
      of
      Common Stock underlying the Warrants included in such Unit; (B) in the event
      that the Units, Common Stock and Warrants are still trading, (i) if the Units
      are listed on a national securities exchange or quoted on the Nasdaq National
      Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or successor such
      as
      the Bulletin Board Exchange), the last sale price of the Units in the principal
      trading market for the Units as reported by the exchange, Nasdaq or the NASD,
      as
      the case may be, on the last trading day preceding the date in question; or
      (ii)
      if the Units are not listed on a national securities exchange or quoted on
      the
      Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board
      (or successor exchange), but is traded in the residual over-the-counter market,
      the closing bid price for Units on the last trading day preceding the date
      in
      question for which such quotations are reported by the Pink Sheets, LLC or
      similar publisher of such quotations; and (C) in the event that the Units are
      not still trading but the Common Stock and Warrants underlying the Units are
      still trading, the Current Market Price of the Common Stock plus the product
      of
      (x) the Current Market Price of the Warrants and (y) the number of shares of
      Common Stock underlying the Warrants included in one Unit. The “Current Market
      Price” shall mean (i) if the Common Stock (or Warrants, as the case may be) is
      listed on a national securities exchange or quoted on the Nasdaq National
      Market, Nasdaq SmallCap Market or NASD OTC Bulletin Board (or successor such
      as
      the Bulletin Board Exchange), the last sale price of the Common Stock (or
      Warrants) in the principal trading market for the Common Stock as reported
      by
      the Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin
      Board (or successor exchange), as the case may be, on the last trading day
      preceding the date in question; (ii) if the Common Stock (or Warrants, as the
      case may be) is not listed on a national securities exchange or quoted on the
      Nasdaq National Market, Nasdaq SmallCap Market or the NASD OTC Bulletin Board
      (or successor exchange), but is traded in the residual over-the-counter market,
      the closing bid price for the Common Stock (or Warrants) on the last trading
      day
      preceding the date in question for which such quotations are reported by the
      Pink Sheets, LLC or similar publisher of such quotations; and (iii) if the
      fair
      market value of the Common Stock cannot be determined pursuant to clause (i)
      or
      (ii) above, such price as the Board of Directors of the Company shall determine
      in good faith.
      In the
      event the Public Warrants have expired and are no longer exercisable, no “Value”
shall be attributed to the Warrants underlying this Purchase Option.
      Additionally, in the event that this Purchase Option is exercised pursuant
      to
      this Section 2.3 and the Public Warrants are still trading, the “Value” shall be
      reduced by the difference between the Warrant Exercise Price and the exercise
      price of the Public Warrants multiplied by the number of Warrants underlying
      the
      Units included in the portion of this Purchase Option being
      converted.

     

    
      
         

      

      
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    2.3.2  Mechanics
      of Cashless Exercise.
      The
      Cashless Exercise Right may be exercised by the Holder on any business day
      on or
      after the Commencement Date and not later than the Expiration Date by delivering
      the Purchase Option with the duly executed exercise form attached thereto with
      the cashless exercise section completed to the Company, exercising the Cashless
      Exercise Right and specifying the total number of Units the Holder will purchase
      pursuant to such Cashless Exercise Right.

     

    2.4  No
      Obligation to Net Cash Settle.
      Notwithstanding anything to the contrary contained in this Purchase Option,
      in
      no event will the Company be required to net cash settle the exercise of the
      Purchase Option or the Warrants underlying the Purchase Option. The holder
      of
      the Purchase Option and the Warrants underlying the Purchase Option will not
      be
      entitled to exercise the Purchase Option or the Warrants underlying such
      Purchase Option unless a registration statement is effective, or an exemption
      from the registration requirements is available at such time and, if the holder
      is not able to exercise the Purchase Option or underlying Warrants, the Purchase
      Option and/or the underlying Warrants, as applicable, will expire
      worthless.

     

    3.  Transfer.

     

    3.1  General
      Restrictions.
      The
      registered Holder of this Purchase Option, by its acceptance hereof, agrees
      that
      it will not sell, transfer, assign, pledge or hypothecate this Purchase Option
      for a period of one year following the Effective Date to anyone other than
      (i)
      Morgan Joseph or an underwriter or a selected dealer in connection with the
      Offering, or (ii) a bona fide officer or partner of Morgan Joseph or of any
      such
      underwriter or selected dealer. On and after the first anniversary of the
      Effective Date, transfers to others may be made subject to compliance with
      or
      exemptions from applicable securities laws. In order to make any permitted
      assignment, the Holder must deliver to the Company the assignment form attached
      hereto duly executed and completed, together with the Purchase Option and
      payment of all transfer taxes, if any, payable in connection therewith. The
      Company shall within five business days transfer this Purchase Option on the
      books of the Company and shall execute and deliver a new Purchase Option or
      Purchase Options of like tenor to the appropriate assignee(s) expressly
      evidencing the right to purchase the aggregate number of Units purchasable
      hereunder or such portion of such number as shall be contemplated by any such
      assignment.

     

    3.2  Restrictions
      Imposed by the Act.
      The
      securities evidenced by this Purchase Option shall not be transferred unless
      and
      until (i) the Company has received the opinion of counsel for the Holder that
      the securities may be transferred pursuant to an exemption from registration
      under the Act and applicable state securities laws, the availability of which
      is
      established to the reasonable satisfaction of the Company (the Company hereby
      agreeing that the opinion of Skadden, Arps, Slate, Meagher & Flom LLP
      (“Skadden”) shall be deemed satisfactory evidence of the availability of an
      exemption), or (ii) a registration statement or a post-effective amendment
      to a
      registration statement relating to such securities has been filed by the Company
      and declared effective by the Securities and Exchange Commission and compliance
      with applicable state securities law has been established.

     

    
      
         

      

      
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    4.  New
      Purchase Options to be Issued.

     

    4.1  Partial
      Exercise or Transfer.
      Subject
      to the restrictions in Section 3 hereof, this Purchase Option may be exercised
      or assigned in whole or in part. In the event of the exercise or assignment
      hereof in part only, upon surrender of this Purchase Option for cancellation,
      together with the duly executed exercise or assignment form and funds sufficient
      to pay any Exercise Price and/or transfer tax, the Company shall cause to be
      delivered to the Holder without charge a new Purchase Option of like tenor
      to
      this Purchase Option in the name of the Holder evidencing the right of the
      Holder to purchase the number of Units purchasable hereunder as to which this
      Purchase Option has not been exercised or assigned.

     

    4.2  Lost
      Certificate.
      Upon
      receipt by the Company of evidence satisfactory to it of the loss, theft,
      destruction or mutilation of this Purchase Option and of reasonably satisfactory
      indemnification or the posting of a bond or other security reasonably
      satisfactory to the Company, the Company shall execute and deliver a new
      Purchase Option of like tenor and date. Any such new Purchase Option executed
      and delivered as a result of such loss, theft, mutilation or destruction shall
      constitute a substitute contractual obligation on the part of the
      Company.

     

    5.  Registration
      Rights.

     

    5.1  Demand
      Registration.

     

    5.1.1  Grant
      of Right.
      The
      Company, upon written demand (“Initial Demand Notice”) of the Holder(s) of at
      least 51% of the Purchase Options and/or the underlying Units and/or the
      underlying securities (“Majority Holders”), agrees to use its best efforts to
      register on one occasion, all or any portion of the Purchase Options requested
      by the Majority Holders in the Initial Demand Notice and all of the securities
      underlying such Purchase Options, including the Units, Common Stock, the
      Warrants and the Common Stock underlying the Warrants (collectively, the
“Registrable Securities”). On such occasion, the Company will file a
      registration statement or a post-effective amendment to the Registration
      Statement covering the Registrable Securities within sixty (60) days after
      receipt of the Initial Demand Notice and use its best efforts to have such
      registration statement or post-effective amendment declared effective as soon
      as
      possible thereafter. The demand for registration may be made at any time during
      a period of five years beginning on the Effective Date. The
      Initial Demand Notice shall specify the number of shares of Registrable
      Securities proposed to be sold and the intended method(s) of distribution
      thereof. The Company will notify all holders of the Purchase Options and/or
      Registrable Securities of the demand within ten days from the date of the
      receipt of any such Initial Demand Notice. 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 shares of Registrable
      Securities in such 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 5.1.4.

     

    5.1.2 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.

     

    
      
         

      

      
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    5.1.3 Underwritten
      Offering.
      If the
      Majority Holders so elect and such holders so advise the Company as part of
      the
      Initial Demand Notice, 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 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 the Majority Holders.

     

    5.1.4 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 shares 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, if any, as to which registration has been requested pursuant
      to
      written contractual piggy-back registration rights held by other stockholders
      of
      the Company who desire to sell, exceeds the maximum dollar amount or maximum
      number of shares 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 shares, 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 shares that each such Person
      has requested be included in such registration, regardless of the number of
      shares held by each such Person (such proportion is referred to herein as “Pro
      Rata”)) that can be sold without exceeding the Maximum Number of Shares; (ii)
      second, to the extent that the Maximum Number of Shares has not been reached
      under the foregoing clause (i), 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
      Registration Rights Agreement between the Company and the initial investors
      in
      the Company, dated as of                      ,
      2006
      (the “Registration Rights Agreement” and such registrable securities, the
“Investor 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.

     

    5.1.5 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. 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 5.1.

     

    
      
         

      

      
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    5.1.6. Terms.
      The
      Company shall bear all fees and expenses attendant to registering the
      Registrable Securities, including the expenses of any legal counsel selected
      by
      the Holder to represent them in connection with the sale of the Registrable
      Securities, but the Holder shall pay any and all underwriting commissions.
      The
      Company agrees to use its reasonable best efforts to qualify or register the
      Registrable Securities in such states as are reasonably requested by the
      Majority Holder(s); provided, however, that in no event shall the Company be
      required to register the Registrable Securities in a State in which such
      registration would cause (i) the Company to be obligated to qualify to do
      business in such state, or would subject the Company to taxation as a foreign
      corporation doing business in such jurisdiction or (ii) the principal
      stockholders of the Company to be obligated to escrow their shares of capital
      stock of the Company. The Company shall use its best efforts to cause any
      registration statement or post-effective amendment filed pursuant to the demand
      rights granted under Section 5.1.1 to remain effective for a period of twelve
      consecutive months from the effective date of such registration statement or
      post-effective amendment.

     

    5.2  “Piggy-Back”
      Registration.

     

    5.2.1  Grant
      of Right.
      In
      addition to the demand right of registration, the Holder of the Purchase Options
      shall have the right for a period of seven years commencing on the Effective
      Date, to include the Registrable Securities as part of any other registration
      of
      securities filed by the Company (other than in connection with a transaction
      contemplated by Rule 145(a) promulgated under the Act or pursuant to Form S-8);
      provided, however, that if, in the written opinion of the Company’s managing
      underwriter or underwriters, if any, for such offering, the inclusion of the
      Registrable Securities, when added to the securities being registered by the
      Company or the selling stockholder(s), will exceed the maximum amount of the
      Company’s securities which can be marketed (i) at a price reasonably related to
      their then current market value, and (ii) without materially and adversely
      affecting the entire offering, then the
      Company shall include in any such registration:

     

    (a)
      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 or other securities, if any, comprised
      of
      Registrable Securities and Investor Securities, as to which registration has
      been requested pursuant to the applicable written contractual piggy-back
      registration rights of such security holders, pro rata, 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 shares of Common Stock or other securities for the account of
      other
      persons that the Company is obligated to register pursuant to written
      contractual piggy-back registration rights with such persons and that can be
      sold without exceeding the Maximum Number of Shares;

     

       (b)
      If
      the registration is a “demand” registration undertaken at the demand of holders
      of Investor 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

     

    
      
         

      

      
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    (c)
      If
      the registration is a “demand” registration undertaken at the demand of persons
      other than either the holders of Registrable Securities or of Investor
      Securities, (A) first, the shares of Common Stock or 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; (C) third, to the extent that the
      Maximum Number of Shares has not been reached under the foregoing clauses (A)
      and (B), collectively the shares of Common Stock or other securities comprised
      of Registrable Securities and Investor Securities, pro rata, as to which
      registration has been requested pursuant to the terms hereof and of the
      Registration Rights Agreement, as applicable, 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.

     

    5.2.2  Terms.
      The
      Company shall bear all fees and expenses attendant to registering the
      Registrable Securities, including the expenses of any legal counsel selected
      by
      the Holder to represent them in connection with the sale of the Registrable
      Securities but the Holder shall pay any and all underwriting commissions related
      to the Registrable Securities. In the event of such a proposed registration,
      the
      Company shall furnish the then holders of outstanding Registrable Securities
      with not less than fifteen (15) days written notice prior to the proposed date
      of filing of such registration statement. Such notice to the holders shall
      continue to be given for each applicable registration statement filed (during
      the period in which the Purchase Option is exercisable) by the Company until
      such time as all of the Registrable Securities have been registered and sold.
      The holders of the Registrable Securities shall exercise the “piggy-back” rights
      provided for herein by giving written notice, within ten (10) days of the
      receipt of the Company’s notice of its intention to file a registration
      statement. The Company shall cause any registration statement filed pursuant
      to
      the above “piggyback” rights to remain effective for at least twelve (12) months
      from the date that the Holder of the Registrable Securities are first given
      the
      opportunity to sell all of such securities.

     

    5.2.3  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
      which the Company desires to sell, taken together with shares of Common Stock,
      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 5.2, and the shares of Common Stock, if any,
      as to which registration has been requested pursuant to the written contractual
      piggy-back registration rights of other stockholders of the Company, exceeds
      the
      Maximum Number of Shares, then the Company shall include in any such
      registration:

     

      (a)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 or other securities, if any, comprised
      of
      Registrable Securities and Investor Securities, as to which registration has
      been requested pursuant to the applicable written contractual piggy-back
      registration rights of such security holders, Pro Rata, 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 shares of Common Stock or other securities for the account of
      other
      persons that the Company is obligated to register pursuant to written
      contractual piggy-back registration rights with such persons and that can be
      sold without exceeding the Maximum Number of Shares; 

     

    
      
         

      

      
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      (b)If
      the
      registration is a “demand” registration undertaken at the demand of holders of
      Investor 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

     

      (c)
      If the
      registration is a “demand” registration undertaken at the demand of persons
      other than either the holders of Registrable Securities or of Investor
      Securities, (A) first, the shares of Common Stock or 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; (C) third, to the extent that the
      Maximum Number of Shares has not been reached under the foregoing clauses (A)
      and (B), collectively the shares of Common Stock or other securities comprised
      of Registrable Securities and Investor Securities, Pro Rata, as to which
      registration has been requested pursuant to the terms hereof and of the
      Registration Rights Agreement, as applicable, 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.

     

    5.2.4  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 (whether on its own
      determination or as the result of a withdrawal by persons making a demand
      pursuant to written contractual obligations) may 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 5.2.2.

     

    5.3  General
      Terms.

     

    5.3.1  Indemnification.
      The
      Company shall indemnify the Holder(s) of the Registrable Securities to be sold
      pursuant to any registration statement hereunder and each person, if any, who
      controls such Holders within the meaning of Section 15 of the Act or Section
      20(a) of the Securities Exchange Act of 1934, as amended (“Exchange Act”),
      against all loss, claim, damage, expense or liability (including all reasonable
      attorneys’ fees and other expenses reasonably incurred in investigating,
      preparing or defending against litigation, commenced or threatened, or any
      claim
      whatsoever whether arising out of any action between the underwriter and the
      Company or between the underwriter and any third party or otherwise) to which
      any of them may become subject under the Act, the Exchange Act or otherwise,
      arising from such registration statement but only to the same extent and with
      the same effect as the provisions pursuant to which the Company has agreed
      to
      indemnify the underwriters contained in Section 5 of the Underwriting Agreement
      between the Company, Morgan Joseph and the other underwriters named therein
      dated the Effective Date. The Holder(s) of the Registrable Securities to be
      sold
      pursuant to such registration statement, and their successors and assigns,
      shall
      severally, and not jointly, indemnify the Company, its officers and directors
      and each person, if any, who controls the Company within the meaning of Section
      15 of the Act or Section 20(a) of the Exchange Act, against all loss, claim,
      damage, expense or liability (including all reasonable attorneys’ fees and other
      expenses reasonably incurred in investigating, preparing or defending against
      any claim whatsoever) to which they may become subject under the Act, the
      Exchange Act or otherwise, arising from information furnished by or on behalf
      of
      such Holders, or their successors or assigns, in writing, for specific inclusion
      in such registration statement to the same extent and with the same effect
      as
      the provisions contained in Section 5 of the Underwriting Agreement pursuant
      to
      which the underwriters have agreed to indemnify the Company.

     

    
      
         

      

      
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    5.3.2  Exercise
      of Purchase Options.
      Nothing
      contained in this Purchase Option shall be construed as requiring the Holder(s)
      to exercise their Purchase Options or Warrants underlying such Purchase Options
      prior to or after the initial filing of any registration statement or the
      effectiveness thereof.

     

    5.3.3  Documents
      Delivered to Holder.
      The
      Company shall furnish Morgan Joseph, as representative of the holders
      participating in any of the foregoing offerings, a signed counterpart, addressed
      to the participating holders, of (i) an opinion of counsel to the Company,
      dated
      the effective date of such registration statement (and, if such registration
      includes an underwritten public offering, an opinion dated the date of the
      closing under any underwriting agreement related thereto), and (ii) a “cold
      comfort” letter dated the effective date of such registration statement (and, if
      such registration includes an underwritten public offering, a letter dated
      the
      date of the closing under the underwriting agreement) signed by the independent
      public accountants who have issued a report on the Company’s financial
      statements included in such registration statement, in each case covering
      substantially the same matters with respect to such registration statement
      (and
      the prospectus included therein) and, in the case of such accountants’ letter,
      with respect to events subsequent to the date of such financial statements,
      as
      are customarily covered in opinions of issuer’s counsel and in accountants’
letters delivered to underwriters in underwritten public offerings of
      securities. The Company shall also deliver promptly to Morgan Joseph, as
      representative of the holders participating in the offering, the correspondence
      and memoranda described below and copies of all correspondence between the
      Commission and the Company, its counsel or auditors and all memoranda relating
      to discussions with the Commission or its staff with respect to the registration
      statement and permit Morgan Joseph, as representative of the holders, to do
      such
      investigation, upon reasonable advance notice, with respect to information
      contained in or omitted from the registration statement as they deem reasonably
      necessary to comply with applicable securities laws or rules of the National
      Association of Securities Dealers, Inc (“NASD”). Such investigation shall
      include access to books, records and properties and opportunities to discuss
      the
      business of the Company with its officers and independent auditors, all to
      such
      reasonable extent and at such reasonable times and as often as Morgan Joseph,
      as
      representative of the holders, shall reasonably request. The Company shall
      not
      be required to disclose any confidential information or other records to Morgan
      Joseph, as representative of the holders, or to any other person, until and
      unless such persons shall have entered into reasonable confidentiality
      agreements (in form and substance reasonably satisfactory to the Company),
      with
      the Company with respect thereto.

     

    
      
         

      

      
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    5.3.4  Underwriting
      Agreement.
      The
      Company shall enter into an underwriting agreement with the managing
      underwriter(s), if any, selected by any holders whose Registrable Securities
      are
      being registered pursuant to this Section 5, which managing underwriter shall
      be
      reasonably acceptable to the Company. Such agreement shall be reasonably
      satisfactory in form and substance to the Company, each holder and such managing
      underwriters, and shall contain such representations, warranties and covenants
      by the Company and such other terms as are customarily contained in agreements
      of that type used by the managing underwriter. The holders shall be parties
      to
      any underwriting agreement relating to an underwritten sale of their Registrable
      Securities and may, at their option, require that any or all the
      representations, warranties and covenants of the Company to or for the benefit
      of such underwriters shall also be made to and for the benefit of such holders.
      Such holders shall not be required to make any representations or warranties
      to
      or agreements with the Company or the underwriters except as they may relate
      to
      such holders and their intended methods of distribution. Such holders, however,
      shall agree to such covenants and indemnification and contribution obligations
      for selling stockholders as are customarily contained in agreements of that
      type
      used by the managing underwriter. Further, such holders shall execute
      appropriate custody agreements and otherwise cooperate fully in the preparation
      of the registration statement and other documents relating to any offering
      in
      which they include securities pursuant to this Section 5. Each holder shall
      also
      furnish to the Company such information regarding itself, the Registrable
      Securities held by it, and the intended method of disposition of such securities
      as shall be reasonably required to effect the registration of the Registrable
      Securities.

     

    5.3.5  Rule
      144 Sale.
      Notwithstanding anything contained in this Section 5 to the contrary, the
      Company shall have no obligation pursuant to Sections 5.1 or 5.2 for the
      registration of Registrable Securities held by any holder (i) where such holder
      would then be entitled to sell under Rule 144 within any three-month period
      (or
      such other period prescribed under Rule 144 as may be provided by amendment
      thereof) all of the Registrable Securities then held by such holder, and (ii)
      where the number of Registrable Securities held by such holder is within the
      volume limitations under paragraph (e) of Rule 144 (calculated as if such holder
      were an affiliate within the meaning of Rule 144).

     

    5.3.6  Supplemental
      Prospectus.
      The
      Holder agrees, that upon receipt of any notice from the Company of the happening
      of any event as a result of which the prospectus included in any registration
      statement, as then in effect, includes an untrue statement of a material fact
      or
      omits to state a material fact required to be stated therein or necessary to
      make the statements therein not misleading in light of the circumstances then
      existing, such holder will immediately discontinue disposition of Registrable
      Securities pursuant to the registration statement covering such Registrable
      Securities until such holder’s receipt of the copies of a supplemental or
      amended prospectus, and, if so desired by the Company, such holder shall deliver
      to the Company (at the expense of the Company) or destroy (and deliver to the
      Company a certificate of such destruction) all copies, other than permanent
      file
      copies then in such holder’s possession, of the prospectus covering such
      Registrable Securities current at the time of receipt of such
      notice.

     

    6.  Adjustments.

     

    6.1  Adjustments
      to Exercise Price and Number of Securities.
      The
      Exercise Price and the number of Units underlying the Purchase Option shall
      be
      subject to adjustment from time to time as hereinafter set forth:

     

    
      
         

      

      
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    6.1.1  Stock
      Dividends - Split-Ups.
      If
      after the date hereof, and subject to the provisions of Section 6.4 below,
      the
      number of outstanding shares of Common Stock is increased by a stock dividend
      payable in shares of Common Stock or by a split-up of shares of Common Stock
      or
      other similar event, then, on the effective date thereof, the number of shares
      of Common Stock underlying each of the Units purchasable hereunder shall be
      increased in proportion to such increase in outstanding shares. In such case,
      the number of shares of Common Stock, and the exercise price applicable thereto,
      underlying the Warrants underlying each of the Units purchasable hereunder
      shall
      be adjusted in accordance with the terms of the Warrants. For example, if the
      Company declares a two-for-one stock dividend and at the time of such dividend
      this Purchase Option is for the purchase of one Unit at $10.00 per whole Unit
      (each Warrant underlying the Units is exercisable for $6.00 per share), upon
      effectiveness of the dividend, this Purchase Option will be adjusted to allow
      for the purchase of one Unit at $10.00 per Unit, each Unit entitling the holder
      to receive two shares of Common Stock and two Warrants (each Warrant exercisable
      for $3.00 per share).

     

    6.1.2  Aggregation
      of Shares.
      If
      after the date hereof, and subject to the provisions of Section 6.4, the number
      of outstanding shares of Common Stock is decreased by a consolidation,
      combination or reclassification of shares of Common Stock or other similar
      event, then, on the effective date thereof, the number of shares of Common
      Stock
      underlying each of the Units purchasable hereunder shall be decreased in
      proportion to such decrease in outstanding shares. In such case, the number
      of
      shares of Common Stock, and the exercise price applicable thereto, underlying
      the Warrants underlying each of the Units purchasable hereunder shall be
      adjusted in accordance with the terms of the Warrants.

     

    6.1.3  Replacement
      of Securities upon Reorganization, etc.
      In case
      of any reclassification or reorganization of the outstanding shares of Common
      Stock other than a change covered by Section 6.1.1 or 6.1.2 hereof or that
      solely affects the par value of such shares of Common Stock, or in the case
      of
      any merger or consolidation of the Company with or into another corporation
      (other than a consolidation or merger in which the Company is the continuing
      corporation and that does not result in any reclassification or reorganization
      of the outstanding shares of Common Stock), or in the case of any sale or
      conveyance to another corporation or entity of the property of the Company
      as an
      entirety or substantially as an entirety in connection with which the Company
      is
      dissolved, the Holder of this Purchase Option shall have the right thereafter
      (until the expiration of the right of exercise of this Purchase Option) to
      receive upon the exercise hereof, for the same aggregate Exercise Price payable
      hereunder immediately prior to such event, the kind and amount of shares of
      stock or other securities or property (including cash) receivable upon such
      reclassification, reorganization, merger or consolidation, or upon a dissolution
      following any such sale or transfer, by a Holder of the number of shares of
      Common Stock of the Company obtainable upon exercise of this Purchase Option
      and
      the underlying Warrants immediately prior to such event; and if any
      reclassification also results in a change in shares of Common Stock covered
      by
      Section 6.1.1 or 6.1.2, then such adjustment shall be made pursuant to Sections
      6.1.1, 6.1.2 and this Section 6.1.3 The provisions of this Section 6.1.3 shall
      similarly apply to successive reclassifications, reorganizations, mergers or
      consolidations, sales or other transfers.

     

    6.1.4  Changes
      in Form of Purchase Option.
      This
      form of Purchase Option need not be changed because of any change pursuant
      to
      this Section, and Purchase Options issued after such change may state the same
      Exercise Price and the same number of Units as are stated in the Purchase
      Options initially issued pursuant to this Agreement. The acceptance by any
      Holder of the issuance of new Purchase Options reflecting a required or
      permissive change shall not be deemed to waive any rights to an adjustment
      occurring after the Commencement Date or the computation thereof.

     

    6.1.5  Adjustments
      of Warrants.
      To the
      extent the price of the Warrants are lowered pursuant to Section 3.1 of the
      Warrant Agreement, dated , 2006, between the Company and Continental Stock
      Transfer & Trust Company (the “Warrant Agreement”), the price of the
      Warrants underlying the Purchase Option shall be reduced on identical percentage
      terms, subject to any limitations and conditions that may be imposed by NASD
      Corporate Financing Rule 2710. To the extent the duration of the Warrants is
      extended pursuant to Section 3.2 of the Warrant Agreement, the duration of
      the
      Warrants underlying the Purchase Option shall be extended on identical terms,
      subject to any limitations that may be imposed by NASD Corporate Financing
      Rule
      2710.

     

    
      
         

      

      
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    6.2  [Intentionally
      Omitted].

     

    6.3  Substitute
      Purchase Option.
      In case
      of any consolidation of the Company with, or merger of the Company with, or
      merger of the Company into, another corporation (other than a consolidation
      or
      merger which does not result in any reclassification or change of the
      outstanding Common Stock), the corporation formed by such consolidation or
      merger shall execute and deliver to the Holder a supplemental Purchase Option
      providing that the holder of each Purchase Option then outstanding or to be
      outstanding shall have the right thereafter (until the stated expiration of
      such
      Purchase Option) to receive, upon exercise of such Purchase Option, the kind
      and
      amount of shares of stock and other securities and property receivable upon
      such
      consolidation or merger, by a holder of the number of shares of Common Stock
      of
      the Company for which such Purchase Option might have been exercised immediately
      prior to such consolidation, merger, sale or transfer. Such supplemental
      Purchase Option shall provide for adjustments which shall be identical to the
      adjustments provided in Section 6. The above provision of this Section shall
      similarly apply to successive consolidations or mergers.

     

    6.4  Elimination
      of Fractional Interests.
      The
      Company shall not be required to issue certificates representing fractions
      of
      shares of Common Stock or Warrants upon the exercise of the Purchase Option,
      nor
      shall it be required to issue scrip or pay cash in lieu of any fractional
      interests, it being the intent of the parties that all fractional interests
      shall be eliminated by rounding any fraction up to the nearest whole number
      of
      Warrants, shares of Common Stock or other securities, properties or
      rights.

     

    7.  Warrant
      Redemption.
      Notwithstanding anything to the contrary contained herein or in the Warrant
      Agreement, (i) this Purchase Option shall, if not earlier exercised in full,
      be
      automatically exercised, on a cashless basis as described in Section 2.3 hereof,
      immediately prior to the time and dated fixed for redemption upon redemption
      of
      the Company’s outstanding warrants pursuant to Section 6 of the Warrant
      Agreement (provided that notice is provided to the Holder on the same terms
      as
      provided to the holders of Warrants pursuant to the Warrant Agreement), and
      (ii)
      each Warrant that is part of a Unit issued hereunder upon such automatic
      conversion shall be redeemed by the Company as part of such redemption for
      the
      Redemption Price (as defined in the Warrant Agreement).

     

    8.  Reservation
      and Listing.
      The
      Company shall at all times reserve and keep available out of its authorized
      shares of Common Stock, solely for the purpose of issuance upon exercise of
      the
      Purchase Options or the Warrants underlying the Purchase Option, such number
      of
      shares of Common Stock or other securities, properties or rights as shall be
      issuable upon the exercise thereof. The Company covenants and agrees that,
      upon
      exercise of the Purchase Options and payment of the Exercise Price therefor,
      all
      shares of Common Stock and other securities issuable upon such exercise shall
      be
      duly and validly issued, fully paid and non-assessable and not subject to
      preemptive rights of any stockholder. The Company further covenants and agrees
      that upon exercise of the Warrants underlying the Purchase Options and payment
      of the respective Warrant exercise price therefor, all shares of Common Stock
      and other securities issuable upon such exercise shall be duly and validly
      issued, fully paid and non-assessable and not subject to preemptive rights
      of
      any stockholder. As long as the Purchase Options shall be outstanding, the
      Company shall use its best efforts to cause all (i) Units and shares of Common
      Stock issuable upon exercise of the Purchase Options, (iii) Warrants issuable
      upon exercise of the Purchase Options and (iv) shares of Common Stock issuable
      upon exercise of the Warrants included in the Units issuable upon exercise
      of
      the Purchase Option to be listed (subject to official notice of issuance) on
      all
      securities exchanges (or, if applicable on the Nasdaq National Market, SmallCap
      Market, OTC Bulletin Board or any successor trading market) on which the Units,
      the Common Stock or the Public Warrants issued to the public in connection
      herewith may then be listed and/or quoted.

     

    
      
         

      

      
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    9.  Certain
      Notice Requirements.

     

    9.1  Holder’s
      Right to Receive Notice.
      Nothing
      herein shall be construed as conferring upon the Holder the right to vote or
      consent as a stockholder for the election of directors or any other matter,
      or
      as having any rights whatsoever as a stockholder of the Company. If, however,
      at
      any time prior to the expiration of the Purchase Options and their exercise,
      any
      of the events described in Section 9.2 shall occur, then, in one or more of
      said
      events, the Company shall give written notice of such event at least fifteen
      days prior to the date fixed as a record date or the date of closing the
      transfer books for the determination of the stockholders entitled to such
      dividend, distribution, conversion or exchange of securities or subscription
      rights, or entitled to vote on such proposed dissolution, liquidation, winding
      up or sale. Such notice shall specify such record date or the date of the
      closing of the transfer books, as the case may be. Notwithstanding the
      foregoing, the Company shall deliver to each holder a copy of each notice given
      to the other stockholders of the Company at the same time and in the same manner
      that such notice is given to the stockholders.

     

    9.2  Events
      Requiring Notice.
      The
      Company shall be required to give the notice described in this Section 9 upon
      one or more of the following events: (i) if the Company shall take a record
      of
      the holders of its shares of Common Stock for the purpose of entitling them
      to
      receive a dividend or distribution payable otherwise than in cash, or a cash
      dividend or distribution payable otherwise than out of retained earnings, as
      indicated by the accounting treatment of such dividend or distribution on the
      books of the Company, or (ii) the Company shall offer to all the holders of
      its
      Common Stock any additional shares of capital stock of the Company or securities
      convertible into or exchangeable for shares of capital stock of the Company,
      or
      any option, right or warrant to subscribe therefor, or (iii) a dissolution,
      liquidation or winding up of the Company (other than in connection with a
      consolidation or merger) or a sale of all or substantially all of its property,
      assets and business shall be proposed.

     

    9.3  Notice
      of Change in Exercise Price.
      The
      Company shall, promptly after an event requiring a change in the Exercise Price
      pursuant to Section 6 hereof, send notice to the Holder of such event and change
      (“Price Notice”). The Price Notice shall describe the event causing the change
      and the method of calculating same and shall be certified as being true and
      accurate by the Company’s President and Chief Financial Officer.

     

    9.4  Transmittal
      of Notices.
      All
      notices, requests, consents and other communications under this Purchase Option
      shall be in writing and shall be deemed to have been duly made when hand
      delivered, or mailed by express mail or private courier service: (i) If to
      the
      registered holder of the Purchase Option, to the address of such holder as
      shown
      on the books of the Company, or (ii) if to the Company, to the following address
      or to such other address as the Company may designate by notice to the
      holders:

     

    Beverage
      Acquisition Corporation

    2670
      Commercial Avenue

    Mingo
      Junction, Ohio 43938

    Attn:
      Chairman

    

    
      
         

      

      
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    10.  Miscellaneous.

     

    10.1  Amendments.
      The
      Company and Morgan Joseph may from time to time supplement or amend this
      Purchase Option without the approval of any holders in order to cure any
      ambiguity, to correct or supplement any provision contained herein that may
      be
      defective or inconsistent with any other provisions herein, or to make any
      other
      provisions in regard to matters or questions arising hereunder that the Company
      and Morgan Joseph may deem necessary or desirable and that the Company and
      Morgan Joseph deem shall not adversely affect the interest of such holders.
      All
      other modifications or amendments shall require the written consent of and
      be
      signed by the party against whom enforcement of the modification or amendment
      is
      sought.

     

    10.2  Headings.
      The
      headings contained herein are for the sole purpose of convenience of reference,
      and shall not in any way limit or affect the meaning or interpretation of any
      of
      the terms or provisions of this Purchase Option.

     

    11.  Entire
      Agreement.
      This
      Purchase Option (together with the other agreements and documents being
      delivered pursuant to or in connection with this Purchase Option) constitutes
      the entire agreement of the parties hereto with respect to the subject matter
      hereof, and supersedes all prior agreements and understandings of the parties,
      oral and written, with respect to the subject matter hereof.

     

    11.1  Binding
      Effect.
      This
      Purchase Option shall inure solely to the benefit of and shall be binding upon,
      the Holder and the Company and their permitted assignees, respective successors,
      legal representative and assigns, and no other person shall have or be construed
      to have any legal or equitable right, remedy or claim under or in respect of
      or
      by virtue of this Purchase Option or any provisions herein
      contained.

     

    11.2  Governing
      Law; Submission to Jurisdiction.
      This
      Purchase Option shall be governed by and construed and enforced in accordance
      with the laws of the State of New York, without giving effect to conflict of
      laws. The Company hereby agrees that any action, proceeding or claim against
      it
      arising out of, or relating in any way to this Purchase Option shall be brought
      and enforced in the courts of the State of New York or of the United States
      of
      America for the Southern District of New York, and irrevocably submits to such
      jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives
      any objection to such exclusive jurisdiction and that such courts represent
      an
      inconvenient forum. Any process or summons to be served upon the Company may
      be
      served by transmitting a copy thereof by registered or certified mail, return
      receipt requested, postage prepaid, addressed to it at the address set forth
      in
      Section 8 hereof. Such mailing shall be deemed personal service and shall be
      legal and binding upon the Company in any action, proceeding or claim. The
      Company and the Holder agree that the prevailing party(ies) in any such action
      shall be entitled to recover from the other party(ies) all of its reasonable
      attorneys’ fees and expenses relating to such action or proceeding and/or
      incurred in connection with the preparation therefor.

     

    11.3  Waiver,
      Etc.
      The
      failure of the Company or the Holder to at any time enforce any of the
      provisions of this Purchase Option shall not be deemed or construed to be a
      waiver of any such provision, nor to in any way affect the validity of this
      Purchase Option or any provision hereof or the right of the Company or any
      Holder to thereafter enforce each and every provision of this Purchase Option.
      No waiver of any breach, non-compliance or non-fulfillment of any of the
      provisions of this Purchase Option shall be effective unless set forth in a
      written instrument executed by the party or parties against whom or which
      enforcement of such waiver is sought; and no waiver of any such breach,
      non-compliance
      or non-fulfillment shall be construed or deemed to be a waiver of any other
      or
      subsequent breach, non-compliance or non-fulfillment.

     

    11.4  Execution
      in Counterparts.
      This
      Purchase Option may be executed in one or more counterparts, and by the
      different parties hereto in separate counterparts, each of which shall be deemed
      to be an original, but all of which taken together shall constitute one and
      the
      same agreement, and shall become effective when one or more counterparts has
      been signed by each of the parties hereto and delivered to each of the other
      parties hereto.

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

    11.5  Exchange
      Agreement.
      As a
      condition of the Holder’s receipt and acceptance of this Purchase Option, Holder
      agrees that, at any time prior to the complete exercise of this Purchase Option
      by Holder, if the Company and Morgan Joseph enter into an agreement (“Exchange
      Agreement”) pursuant to which they agree that all outstanding Purchase Options
      will be exchanged for securities or cash or a combination of both, then Holder
      shall agree to such exchange and become a party to the Exchange
      Agreement.

     

    

     

    IN
      WITNESS WHEREOF, the Company has caused this Purchase Option to be signed by
      its
      duly authorized officer as of the      
      day of
      ___________, 2006.

     

     

    BEVERAGE
      ACQUISITION CORPORATION

     

    By:                                                                        
      

    Name: 

    Title: 

     

     

    
      
         

      

      
        15

        
          

        

      

      
         

         

      

    

    Form
      to
      be used to exercise Purchase Option:

     

    Beverage
      Acquisition Corporation

                                                       

                                                       

    

    Date:_________________,
      200__

     

    The
      undersigned hereby elects irrevocably to exercise all or a portion of the within
      Purchase Option and to purchase ____ Units of Beverage Acquisition Corporation
      and hereby makes payment of $____________ (at the rate of $_________ per Unit)
      in payment of the Exercise Price pursuant thereto. Please issue the Common
      Stock
      and Warrants as to which this Purchase Option is exercised in accordance with
      the instructions given below.

     

    or

     

    The
      undersigned hereby elects irrevocably to convert its right to purchase _________
      Units purchasable under the within Purchase Option by surrender of the
      unexercised portion of the attached Purchase Option (with a “Value” based of
      $_______ based on a “Market Price” of $_______). Please issue the securities
      comprising the Units as to which this Purchase Option is exercised in accordance
      with the instructions given below.

     

     

     

    __________________________

    Signature

     

     

     

     

    __________________________

    Signature
      Guaranteed

     

     

    

     

    INSTRUCTIONS
      FOR REGISTRATION OF SECURITIES

     

     

    Name                                                                                     

    (Print
      in
      Block Letters)

     

     

    Address                                                                                
           

     

    NOTICE:
      THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE
      FACE OF THE WITHIN PURCHASE OPTION IN EVERY PARTICULAR WITHOUT ALTERATION OR
      ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER
      THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR BY A FIRM HAVING MEMBERSHIP ON
      A
      REGISTERED NATIONAL SECURITIES EXCHANGE.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Form
      to
      be used to assign Purchase Option:

     

    ASSIGNMENT

     

    (To
      be
      executed by the registered Holder to effect a transfer of the within Purchase
      Option):

     

    FOR
      VALUE
      RECEIVED,___________________________________________ does hereby sell, assign
      and transfer unto______________________________________ the right to purchase
      __________ Units of Beverage Acquisition Corporation (“Company”) evidenced by
      the within Purchase Option and does hereby authorize the Company to transfer
      such right on the books of the Company.

     

     

    Dated:___________________,
      200_

     

     

    
       

       

      __________________________

      Signature

       

       

       

      __________________________

      Signature
        Guaranteed

       

       

    

    NOTICE:
      THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE
      FACE OF THE WITHIN PURCHASE OPTION IN EVERY PARTICULAR WITHOUT ALTERATION OR
      ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER
      THAN A SAVINGS BANK, OR BY A TRUST COMPANY OR BY A FIRM HAVING MEMBERSHIP ON
      A
      REGISTERED NATIONAL SECURITIES EXCHANGE.EXHIBIT
      10.45

    

    XL
      GENERATION INTERNATIONAL INC. 

    

    SECURITIES
      PURCHASE AGREEMENT

    

    

    This
      SECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of April 28, 2006, by
      and among XL Generation International Inc. (the "Company") and the individuals
      and entities listed on Exhibit A hereto as Purchasers (the "Purchasers"). In
      consideration of the mutual promises and covenants contained in this Agreement,
      the parties hereto agree as follows:

    

    1.    Sale
      of
      Shares.

    

    1.1    Sale
      of
      Shares. Subject to the terms and conditions of this Agreement, at the Closing
      (as defined in Section 2.1) the Company will sell to each of the Purchasers,
      and
      each of the Purchasers will purchase, the number of Company shares of common
      stock (the "Common Stock"), set forth opposite such Purchaser's name on Exhibit
      A, for the purchase price per share indicated on such Exhibit A (the "Purchase
      Price"). The shares of Common Stock sold under this Agreement are referred
      to as
      the "Shares." 

    

    2.    Closing.

    

    2.1    The
      Closing. The closing (the "Closing") of the sale and purchase of the Shares
      under this Agreement shall take place at the offices of the Company or via
      electronic exchange of documents and faxed signatures which shall be deemed
      to
      be effective as of the date of this Agreement (the "Closing Date"). At the
      Closing:

    

    (i) The
      Company shall order and cause to be delivered to each of the Purchasers a
      certificate for the number of Shares set forth opposite such Purchaser's name
      on
      Exhibit A, registered in the name of such Purchaser; and

    

    (ii) Each
      Purchaser shall pay by wire transfer of immediately available funds or other
      method acceptable to the Company, the aggregate Purchase Price for the number
      of
      Shares such purchaser is purchasing hereunder as directed by the
      Company.

    

    3.    Representations
      and Warranties of the Company. The Company hereby represents and warrants to
      each Purchaser that the statements contained in this Section 3 are complete
      and
      accurate as of the date of this Agreement and at Closing.

    

    3.1    Organization
      and Standing. The Company is a corporation duly organized, validly existing
      and
      in good standing under the laws of Nevada and has full corporate power and
      authority to conduct its business as presently conducted and as proposed to
      be
      conducted by it and to enter into and perform this Agreement and to carry out
      the transactions contemplated by this Agreement. The Company has at all times
      complied with all provisions of its Certificate of Incorporation and By-laws
      and
      is not in default under, or in violation of, any such
      provision.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        XL
          Generation International Inc. - Securities Purchase
          Agreement

      

    

     

    3.2    Authority
      for Agreement; No Conflict. The execution, delivery and performance by the
      Company of this Agreement, and the consummation by the Company of the
      transactions contemplated hereby, have been duly authorized by all necessary
      corporate action. This Agreement has been duly executed and delivered by the
      Company and constitutes valid and binding obligations of the Company enforceable
      in accordance with its terms, subject as to enforcement of remedies to
      applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
      affecting generally the enforcement of creditors' rights and subject to a
      court's discretionary authority with respect to the granting of a decree
      ordering specific performance or other equitable remedies. The execution and
      delivery of this Agreement, the consummation of the transactions contemplated
      hereby and the compliance with its provisions by the Company will not (a)
      conflict with or violate any provision of the Certificate of Incorporation
      or
      By-laws of the Company, (b) require any filing with, or any permit, order,
      authorization, consent or approval of, any United States court, arbitrational
      tribunal, administrative agency or commission or other United States
      governmental or regulatory authority or agency (each of the foregoing is
      hereafter referred to as a "Governmental Entity").

    

    3.3    Governmental
      Consents. Based in part on the representations and warranties of the Purchasers
      set forth in Section 4 of this Agreement, no consent, approval, order or
      authorization of, or registration, qualification, designation, declaration
      or
      filing with, any Governmental Entity is required on the part of the Company
      in
      connection with the offer, issuance, sale and delivery of the Shares or the
      other transactions contemplated by this Agreement (other than filings required
      under the Exchange Act). In reliance on the representations and warranties
      made
      by each of the Purchasers in Section 4 of this Agreement, the offer and sale
      of
      the Shares to each of the Purchasers will be in compliance with applicable
      United States federal and state securities laws.

    

    4.    Representations
      and Warranties of the Purchasers. Each Purchaser hereby represents and warrants
      to the Company that the statements contained in this Section 4 are complete
      and
      accurate as of the date of this Agreement and at Closing.

    

    4.1    Authorization;
      Enforceability.

    

    Such
      Purchaser has the full power and authority to enter into this Agreement and
      to
      perform his, her or its obligations thereunder. If such Purchaser is an entity,
      such Purchaser has taken all corporate, partnership, limited liability, trust
      or
      similar action necessary to authorize its execution and delivery of this
      Agreement. This Agreement have been duly executed and delivered by such
      Purchaser and, assuming the due authorization, execution, and delivery by the
      Company and the other Purchasers, constitutes his, her or its valid and binding
      obligation, enforceable in accordance with the terms of this Agreement, subject
      to applicable bankruptcy, reorganization, insolvency, and similar laws affecting
      creditors' rights generally and to general principles of equity.

    

    4.2    No
      Conflict.

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

        XL
          Generation International Inc. - Securities Purchase
          Agreement

      

    

    The
      execution and delivery of this Agreement by such Purchaser and the performance
      of his, her or its obligations thereunder will not (i) if such Purchaser is
      an
      entity, violate or conflict with any provision of its organizational documents,
      (ii) violate, conflict with, or give rise to any right of termination,
      cancellation, or acceleration under any material agreement or instrument to
      which such Purchaser is a party, or by which he, it, or any of his, her or
      its
      assets is bound, (iii) result in the imposition of any lien on any Shares held
      by such Purchaser, (iv) violate or conflict with any applicable laws, or (v)
      require any consent, approval or other action of, notice to, or filing with
      any
      entity or person (governmental or private) other than the filing of a Form
      3 or
      a Schedule 13D if necessary in accordance with the Rules and Regulations
      promulgated under the Exchange Act.

    

    4.3    Investment
      Representations and Warranties. Each Purchaser hereby represents and warrants
      to
      the Company the following:

    

    (a)    Such
      Purchaser will acquire the Shares to be purchased by him, her or it for his,
      her
      or its own account, for investment and not with a view to the distribution
      thereof, nor with any present intention of distributing the same.

    

    (b)    Such
      Purchaser understands that the Shares to be purchased by him, her or it: (i)
      will not be registered under the Securities Act or the securities laws of any
      state, by reason of their issuance in a transaction exempt from the registration
      or qualification requirements of the Securities Act (defined below) or such
      securities laws, the availability of which depends upon, among other things,
      the
      bona fide nature of the investment intent and the accuracy of such Purchaser's
      representations as expressed herein, and (ii) must be held indefinitely unless
      a
      subsequent disposition thereof is registered under the Securities Act or is
      exempt from registration.

    

    (c)    The
      Purchaser is an "accredited investor," as defined in Rule 501 (the provisions
      of
      which are known to such Purchaser) promulgated under the United States
      Securities Act of 1933, as amended (the "Securities Act").

    

    (d)    The
      Purchaser understands the Company has made no assurance that a public market
      for
      the Shares or any other class or series of Company capital stock will exist
      in
      the future.

    

    (e)    Based
      on
      such Purchaser's knowledge, experience and skill in evaluating and investing
      in
      securities derived from actual participation in financial, investment and
      business matters, such Purchaser is capable of evaluating the merits and risks
      of an investment in the Shares and the suitability of the Shares as an
      investment for such Purchaser.

    

    (f)    The
      Purchaser has had an opportunity to discuss the business, management and
      financial affairs of the Company and the terms and conditions of an investment
      in the Shares with, and has had access to, the management of the Company.

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

        XL
          Generation International Inc. - Securities Purchase
          Agreement

      

    

    (g)    The
      Purchaser is aware that no guarantees have been or can be made respecting the
      future value, if any, of the Shares or the profitability or success of the
      business of the Company.

    

    4.4    Brokers
      and Finders. No person or entity acting on behalf or under the authority of
      such
      Purchaser is or will be entitled to any broker's, finder's, or similar fee
      or
      commission in connection with the transactions contemplated hereby.

    

    4.5    Regulation
      S Representations. 

    

    (a)    The
      Purchaser acknowledges and agrees that the Company shall, and shall instruct
      its
      transfer agent to, refuse to register any transfer of the Common Stock issued
      hereunder not made in accordance with the provisions of Regulation S, pursuant
      to registration under Securities Act or pursuant to an available exemption
      from
      registration.

    

    (b)    The
      Purchaser understands and acknowledges that the Shares have not been registered
      under the Securities Act and are being offered in reliance upon the exemptions
      provided in Regulation S of the Securities Act and the Rules and Regulations
      adopted thereunder. Accordingly, the Shares may not be offered or sold in the
      U.S. or to U.S. persons (as such term is used in Regulation S) unless the
      securities are registered under the Securities Act, or an exemption for the
      regulation requirements is available. Furthermore, hedging transactions
      involving the Shares may not be conducted unless in compliance with the
      Securities Act. The Purchaser makes the following representations and warranties
      to the Company with the intent that the same may be relied upon in determining
      the suitability of the Purchaser as a purchaser of securities:

    

    (c)    The
      Purchaser did not receive the offer for the Company for the Shares (the
“Offer”), nor was he, she or it solicited to purchase the Shares, in the United
      States; that this Agreement has not been executed or delivered by the Purchaser
      in the United States, and neither the Purchaser nor any person acting on behalf
      of the Purchaser has engaged, directly or indirectly, in any negotiations with
      respect to the Offer or this Agreement in the United States;

    

    (d)    The
      Purchaser is not a U.S. person (i.e., (i) not an individual resident in the
      U.S.; (ii) a partnership or corporation organized or incorporated in the United
      States; (iii) an estate of which any executor or administrator is a U.S. person;
      (iv) a trust of which any trustee is a U.S. person; (v) a dealer holding an
      account for a customer; (vi) an agency or branch of a foreign entity located
      in
      the U.S.; or (vii) a partnership or corporation (A) organized or incorporated
      under the laws of any foreign jurisdiction and (B) formed by a U.S. person
      principally for the purpose of investing in securities not registered under
      the
      Securities Act and is not acquiring the Shares for the account or benefit of
      a
      U.S. person;

    

    (e)    The
      Purchaser is not purchasing the Shares as a result of or subsequent to (i)
      any
      advertisement, article, notice or other communication published in any
      newspaper, magazine or other publication or broadcast over television or radio
      in the U.S.; (ii) any promotional seminar or meeting in the U.S., or (iii)
      any
      solicitation by a person not previously known to him or it in connection with
      investments in securities generally; and

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

        XL
          Generation International Inc. - Securities Purchase
          Agreement

      

    

    

    (f)    The
      Shares have not been registered under the Securities Act or under any state
      securities laws and that the Purchaser agrees to transfer his, her or its Shares
      in the U.S. or to, or for the account or benefit of, U.S. persons only if (i)
      the Shares are duly registered under the Securities Act and all applicable
      state
      securities laws; or (ii) there is an exemption from registration under the
      Securities Act, including any exemption from the registration requirements
      of
      the Securities Act which may be available pursuant to Rule 903 or Rule 904
      under
      Regulation S, and all applicable state securities laws; that prior to any such
      transfer the Company may require, as a condition affecting a transfer of the
      Shares, an opinion of counsel in form and substance satisfactory to the Company
      as to the registration or exemption therefrom under the Securities Act and
      applicable state securities laws; that the Company is under no obligation to
      register the Shares under the Securities Act or any applicable state securities
      laws on its or his or her behalf or to assist it or him or her in complying
      with
      any exemption from such registration;

    

    (g)    Except
      as
      distributed by Purchaser in accordance with the requirements and provisions
      of
      Rule 903 of Regulation S (i.e., the Shares may be allocated and distributed
      to
      Purchaser’s managed accounts so long as such distribution is made by Purchaser
      in the manner specified by Rule 903), the Shares will be acquired solely for
      the
      account of the Purchaser, for investment purposes only, and not with a view
      to,
      or for sale in connection with, any distribution thereof and with no present
      intention of distributing or reselling any part of the Shares.

    

    (h)    The
      Purchaser agrees not to sell, pledge, transfer, dispose of, or otherwise deal
      with or engage in hedging transactions involving, his or her Shares or any
      portion thereof except as otherwise permitted herein, unless and until counsel
      for the Company shall have determined that the intended disposition or action
      is
      permissible and does not violate the Securities Act or any applicable state
      securities laws, or the rules and regulations thereunder.

    

    (i)    The
      Purchasers jurisdiction of residence as set forth on the signature page hereto
      is true and correct.

    

    (j)    The
      Purchaser hereby states that he/she is acquainted with the requirements of
      Section 13(d) of the Securities Exchange Act of 1934 and the rules and
      regulations issued thereunder. The Purchaser understands that, as a result
      of
      its acquisition of Shares, and in order to comply with Section 13(d) and the
      rules and regulations issued thereunder, Purchaser may be required to file
      a
      Schedule 13D and hereby agrees to make such filing if so required.

    

    5.    Transfer
      of Shares.

    

    5.1    Restricted
      Shares. "Restricted Shares" means (a) the Shares and (b) any other shares of
      capital stock of the Company issued in respect of such shares (as a result
      of
      stock splits, stock dividends, reclassifications, recapitalizations or similar
      events); provided, however, that shares of Common Stock which are Restricted
      Shares shall cease to be Restricted Shares (x) upon any sale pursuant to a
      registration statement under the Securities Act, Section 4(1) of the Securities
      Act or Rule 144 under the Securities Act or (y) at such time as they become
      eligible for sale under Rule 144(k) under the Securities Act.

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

        XL
          Generation International Inc. - Securities Purchase
          Agreement

      

    

    5.2    Transfers.
      Restricted Shares shall not be sold or transferred unless either (i) they first
      shall have been registered under the Securities Act, or (ii) such sale or
      transfer is exempt from the registration requirements of the Securities
      Act.

    

    5.3    Legend.
      Each certificate representing Restricted Shares shall bear a legend
      substantially in the following form:

    

    THE
      SECURITY OR SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE
      UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR
      ANY
      STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD TO ANY PERSON EXCEPT
      AS
      SET FORTH IN THE FOLLOWING SENTENCE. THE HOLDER HEREOF AGREES THAT: (1) IT
      WILL
      NOT RESELL OR OTHERWISE TRANSFER THE SHARES EVIDENCED HEREBY EXCEPT (A) IN
      AN
      OFFSHORE TRANSACTION COMPLYING WITH RULE 903 OR RULE 904 OF REGULATION S OR
      (B)
      PURSUANT TO THE EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE
      SECURITIES ACT (IF AVAILABLE) OR ANOTHER THEN AVAILABLE EXEMPTION UNDER THE
      SECURITIES ACT AND STATE SECURITIES LAWS OR, (C) IN A TRANSACTION THAT DOES
      NOT
      REQUIRE REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE STATE LAWS,
      OR
      (D) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE
      UNDER
      THE SECURITIES ACT (AND WHICH CONTINUES TO BE EFFECTIVE AT THE TIME OF SUCH
      TRANSFER); (2) PRIOR TO ANY SUCH TRANSFER, IT WILL FURNISH TO XL GENERATION
      INTERNATIONAL INC. AND THE TRANSFER AGENT FOR THE COMMON STOCK SUCH
      CERTIFICATIONS, LEGAL OPINIONS, OR OTHER INFORMATION AS XL GENERATION
      INTERNATIONAL INC. OR SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM
      THAT
      SUCH TRANSFER IS BEING MADE PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION
      NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OR STATE
      SECURITIES LAWS; AND (3) IT WILL DELIVER TO EACH PERSON TO WHOM THE COMMON
      STOCK
      EVIDENCED HEREBY IS TRANSFERRED A NOTICE SUBSTANTIALLY TO THE EFFECT OF THIS
      LEGEND. FURTHERMORE, HEDGING TRANSACTIONS INVOLVING THE SECURITIES EVIDENCED
      HEREBY MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE ACT.

    

    The
      foregoing legend shall be removed from the certificates representing any
      Restricted Shares, at the request of the holder thereof, at such time as they
      become eligible for resale pursuant to Rule 144(k) under the Securities
      Act.

    

    6.    Miscellaneous.

    

    6.1    Exchange
      Act Filings. As soon as practicable after the Closing, the Company will make
      all
      finings with the U.S. Securities and Exchange Commission as required under
      the
      Exchange Act in connection with the transactions contemplated by this Agreement
      and the Purchasers

    
      
        
        

      

      
        -6-

        
          

        

      

      
        
        

        XL
          Generation International Inc. - Securities Purchase
          Agreement

      

    

    hereby
      consent to all disclosures required thereunder in respect of such filings as
      determined by the Company in its sole discretion. 

    

    6.2    Successors
      and Assigns. This Agreement, and the rights and obligations of each Purchaser
      hereunder, may be assigned by such Purchaser to (a) any person or entity to
      which Shares are transferred by such Purchaser, or (b) to any to any affiliate,
      partner, member, stockholder or subsidiary of such Purchaser, and, in each
      case,
      such transferee shall be deemed a "Purchaser" for purposes of this Agreement;
      provided that each such assignment of rights shall be contingent upon the
      transferee providing a written instrument to the Company notifying the Company
      of such transfer and assignment and agreeing in writing to be bound by the
      terms
      of this Agreement. The Company may not assign its rights under this
      Agreement.

    

    6.3    Severability;
      Survival. The invalidity or unenforceability of any provision of this Agreement
      shall not affect the validity or enforceability of any other provision of this
      Agreement. The representations and warranties of the Company and the Purchasers
      shall survive the execution and delivery hereof and the Closing.

    

    6.4    Specific
      Performance. In addition to any and all other remedies that may be available
      at
      law in the event of any breach of this Agreement, each Purchaser shall be
      entitled to specific performance of the agreements and obligations of the
      Company hereunder and to such other injunctive or other equitable relief as
      may
      be granted by a court of competent jurisdiction.

    

    6.5    Governing
      Law. This Agreement shall be governed by and construed in accordance with the
      laws of the State of New York (without regard to conflicts of laws
      provisions).

    

    6.6    Notices.
      All notices, requests, consents and other communications under this Agreement
      shall be in writing and shall be deemed delivered (a) three business days after
      being sent by registered or certified mail, return receipt requested, postage
      prepaid or (b) one business day after being sent via a reputable nationwide
      overnight courier service guaranteeing next business day delivery, in each
      case
      to the intended recipient as set forth below:

    

    If
      to the
      Company, at the address of record as on file with the U.S. Securities and
      Exchange Commission or at such other address as may have been furnished in
      writing by the Company to the other parties hereto; or

    

    If
      to a
      Purchaser, at the address set forth below or at such other address as may have
      been furnished in writing by such Purchaser to the other parties
      hereto.

    

    Any
      party
      may give any notice, request, consent or other communication under this
      Agreement using any other means (including, without limitation, personal
      delivery, messenger service, telecopy, first class mail or electronic mail),
      but
      no such notice, request, consent or other communication shall be deemed to
      have
      been duly given unless and until it is actually received by the party for whom
      it is intended. Any party may change the address to which notices, requests,
      consents or other communications hereunder are to be delivered by giving the
      other parties notice in the manner set forth in this Section.

    
      
        
        

      

      
        -7-

        
          

        

      

      
        
        

        XL
          Generation International Inc. - Securities Purchase
          Agreement

      

    

    6.7    Complete
      Agreement. This Agreement (including its Exhibits) constitutes the entire
      agreement and understanding of the parties hereto with respect to the subject
      matter hereof and supersedes all prior agreements and understandings relating
      to
      such subject matter.

    

    6.8    Third
      Party Beneficiaries. This Agreement is intended for the benefit of the parties
      hereto and their respective permitted successors and assigns and is not for
      the
      benefit of, nor may any provision hereof be enforced by, any other
      person.

    

    6.9    Amendments
      and Waivers. This Agreement may be amended or terminated and the observance
      of
      any term of this Agreement may be waived with respect to all parties to this
      Agreement (either generally or in a particular instance and either retroactively
      or prospectively), with the written consent of the Company and the holders
      of a
      majority of the Shares then held by all Purchasers. The Company shall give
      prompt written notice of any amendment or termination hereof or waiver hereunder
      to any party hereto that did not consent in writing to such amendment,
      termination or waiver. Any amendment, termination or waiver effected in
      accordance with this Section 6.9 shall be binding on all parties hereto, even
      if
      they do not execute such consent; provided, that any amendment, termination
      or
      waiver of any provision of this Agreement that does not affect all Purchasers
      in
      the same way shall require the prior written consent of all Purchasers who
      would
      be subject to such disparate treatment. No waivers of or exceptions to any
      term,
      condition or provision of this Agreement, in any one or more instances, shall
      be
      deemed to be, or construed as, a further or continuing waiver of any such term,
      condition or provision.

    

    6.10    Fees
      and
      Expenses. Each party shall pay the fees and expenses of its advisors, counsel,
      accountants and other experts, if any, and all other expenses, incurred by
      such
      party incident to the negotiation, preparation, execution, delivery and
      performance of this Agreement. 

    

    6.11    Validity
      of Representations. The Company offer and sale of the Shares has been
      conditioned on exemptions from registration based upon the validity of the
      representations, warranties and covenants of each Purchaser. Each Purchaser
      severally but not jointly agrees to indemnify and hold harmless the Company
      and
      its directors, officers, affiliates, agents, successors and assigns from and
      against any and all losses, liabilities, deficiencies, costs, damages and
      expenses (including, without limitation, reasonable attorneys’ fees, charges and
      disbursements) incurred by the Company as result of any inaccuracy in or breach
      of the representations, warranties or covenants made by such Purchaser herein.
      The agreement hereby with each Purchaser is deemed to be a separate agreement,
      and the sale of Shares to each such Purchaser is a separate sale.

    

    6.12    Section
      Headings and References; Construction. The section headings are for the
      convenience of the parties and in no way alter, modify, amend, limit or restrict
      the contractual obligations of the parties. Any reference in this agreement
      to a
      particular section or subsection shall refer to a section or subsection of
      this
      Agreement, unless specified otherwise. Whenever the context may require, any
      pronouns used in this Agreement shall include the corresponding masculine,
      feminine or neuter forms, and the singular form of nouns and pronouns shall
      include the plural, and vice versa.

    
      
        
        

      

      
        -8-

        
          

        

      

      
        
        

        XL
          Generation International Inc. - Securities Purchase
          Agreement

      

    

    6.13    Counterparts;
      Facsimile Signatures. This Agreement may be executed in any number of
      counterparts, each of which shall be deemed to be an original, and all of which
      shall constitute one and the same document. This Agreement may be executed
      by
      facsimile signatures.

    
      
        
        

      

      
        -9-

        
          

        

      

      
        
        

        XL
          Generation International Inc. - Securities Purchase
          Agreement

      

    

    

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

     

    XL
      GENERATION INTERNATIONAL INC. 

     

    
      	 	 	 	 	 	 
	 	
              By:

            	/s/ Alain
              Lemieux	 	 	 
	 	 	
              
Name:
              Alain Lemieux	 	 	
            
	 	 	
              Title:  
                President and CEO

            	 	 	 

    

    
 

    PURCHASER:

     

    
      
        	 	 	 	 	 	 
	 	
                By:

              	/s/ Pablo
                Javier Espino	 	
                By:

              	
                /s/
                  Adelina M. De Estribi

              
	 	 	
                
Name:
                Pablo Javier Espino	 	 	
                
Name:
                Adelina M. De Estribi
	 	 	
                Title:  
                  President

              	 	 	
                Title:  
                  Secretary

              

      

       

    

     

    
      
        
        

      

      
        -10-

        
          

        

      

      
        
          XL
            Generation International Inc. - Securities Purchase
            Agreement

        

      

    

    

    EXHIBIT
      A 

    LIST
      OF PURCHASERS

     

    
      	
              Name
                of Purchasers

            	
              Investment
                Amount, Number of Shares

            
	
              Address:

            	 
	 	
              Price
                Per Share   US$2.50

            
	 	
              Investment
                Amount:  US$500,000.00

            
	 	
              Shares
                Purchased 200
                000

            
	 	 
	
              Jurisdiction
                of Residence/Corporate Domicile:

            	 

    

    

    
      
        
        

      

      -11-

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