Document:

ex42.htm

EXHIBIT
4.2

     

    THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY APPLICABLE STATE
SECURITIES OR “BLUE SKY” LAWS.  THE SECURITIES MAY NOT BE SOLD,
TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
FOR THE SECURITIES UNDER SAID ACT, OR AN OPINION OF COUNSEL IN FORM, SUBSTANCE
AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS THAT
REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR UNLESS SOLD PURSUANT TO RULE 144
OR REGULATION S UNDER SAID ACT.

     

     

    
      	[Date]	 A-B0__-____

    

                                                                                                                             

     

    HARBREW
IMPORTS LTD. CORP.

     

    COMMON
STOCK CLASS “A” WARRANT

     

    THIS CERTIFIES that, for value
received, _____________ (the “Holder”), are entitled to subscribe for and
purchase from HARBREW IMPORTS
LTD. CORP., a Florida corporation with its principal office at 102
Buffalo Avenue, Freeport, New York 11520 (the “Company”), up to ________ fully
paid and nonassessable shares (the “Warrant Shares”) of common stock, $0.001 par
value, of the Company (the “Common Stock”) at a price of One Dollar ($1.00) per
share (the “Warrant Price”), at any time or from time to time during the period
(the “Exercise Period”) commencing on the date hereof and ending on
______________.

    

    SECTION
1. Exercise of
Warrant.

     

    (a) General.  This
Warrant may be exercised by the Holder as to the whole or any lesser number of
the Warrant Shares covered hereby, upon surrender of this Warrant to the Company
at its principal executive office together with the Notice of Exercise attached
hereto as Exhibit A, duly completed and executed by the Holder, and payment
to the Company of the aggregate Exercise Price for the Warrant Shares to be
purchased in the form of (i) a check made payable to the Company,
(ii) wire transfer according to the Company’s instructions or
(iii) any combination of (i) and (ii).  The exercise of this
Warrant shall be deemed to have been effected on the day on which the Holder
surrenders this Warrant to the Company and satisfies all of the requirements of
this Section 1.  Upon such exercise, the Holder will be deemed a
shareholder of record of those Warrant Shares for which the warrant has been
exercised with all rights of a shareholder (including, without limitation, all
voting rights with respect to such Warrant Shares and all rights to receive any
dividends with respect to such Warrant Shares).  If this Warrant is to
be exercised in respect of less than all of the Warrant Shares covered hereby,
the Holder shall be entitled to receive a new warrant covering the number of
Warrant Shares in respect of which this Warrant shall not have been exercised
and for which it remains subject to exercise.  Such new warrant shall
be in all other respects identical to this Warrant.  This Warrant is
callable by the Company at any time after which the bid price of the Company's
Common Stock exceeds $4.00 for twenty (20) consecutive trading
days.

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    (b) Warrant Exercise Fee.
The Placement Agent is entitled to receive a 4% warrant exercise fee in the
event you exercise your Warrant.

     

    

    SECTION
2. No
Shareholder Rights.  This Warrant
shall not entitle the holder hereof to any voting rights or other rights as a
shareholder of the Company.

     

    SECTION
3. Adjustment. In
case the Company shall at any time during the five (5) year period commencing
on  the date hereof or the life of the Convertible Promissory Note or
the Warrants, whichever is greater, issue or sell any shares of Common Stock,
including shares held in the Company's treasury and shares of Common Stock
issued upon the exercise of any warrants, rights or options to subscribe for
shares of Common Stock (other than the issuances or sales of Common Stock
pursuant to rights to subscribe for such Common Stock distributed to all the
shareholders of the Company and Holders of Warrants) and shares of Common Stock
issued upon the direct or indirect conversion or exchange of securities for
shares of Common Stock, for an effective consideration per share of less than
the than Exercise Price or for no consideration (such lower price, the “Base
Share Price”, then, the Exercise Price shall be reduced to a price equal to the
Base Share Price.  Notwithstanding the foregoing, the adjustments
provided in this Section 3 shall not be triggered by the grant of options, or
the sale of shares pursuant to the exercise of such options, under the Company’s
current or future Board of Director and stockholder approved option plans for
the benefit of officers, directors and employees, not to exceed 10% of the
Company’s outstanding shares.

     

    SECTION
4. Registration. The Company agrees
to file a registration statement with the Securities and Exchange Commission
registering the shares issuable upon conversion of the Convertible Promissory
Notes, issued simultaneously herewith and upon exercise of the Warrant Shares
within thirty (30) days after the offering pursuant to the Confidential Private
Placement Memorandum dated is July 20, 2007.

     

    SECTION
5. Covenant
of the Company.  The Company
covenants and agrees that the Company shall at all times have authorized and
reserved or shall authorize and reserve, free from preemptive rights, a
sufficient number of shares of its Common Stock to provide for the exercise of
the rights represented by this Warrant.

     

    SECTION
6. Investment
Representations and Warranties.  The Holder hereby
represents and warrants to the Company as follows:

     

    (a) The
Holder is acquiring the Warrant, and it will acquire the Common Stock issuable
upon exercise thereof, for its own account, for investment and not with a view
to the distribution thereof, nor with any present intention of distributing the
same.  The Holder understands that the Warrant and Common Stock
issuable upon exercise thereof, will not be registered under the Act or
registered or qualified under any state securities or “blue-sky” laws, by reason
of their issuance in a transaction exempt from the registration and/or
qualification requirements thereof, and that they must be held indefinitely
unless a subsequent disposition thereof is registered under the Act or
registered or qualified under any applicable state securities or “blue-sky” laws
or is exempt from registration and/or qualification.

     

    
      
        
        

      

      
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    (b) The
Holder understands that the exemption from registration afforded by Rule 144
(the provisions of which are known to the Holder) promulgated under the Act
depends on the satisfaction of various conditions and that, if applicable, Rule
144 may only afford the basis for sales under certain circumstances only in
limited amounts.

     

    (c) The
Holder has no need for liquidity in its investment in the Company, and is able
to bear the economic risk of such investment for an indefinite period and to
afford a complete loss thereof.

     

    (d) The
Holder is an “accredited purchaser” as such term is defined in Rule 501 (the
provisions of which are known to the Holder) promulgated under the
Act.

     

    SECTION
7. Restrictions
on Transfer.  The Holder of
this Warrant by acceptance hereof agrees that the transfer of this Warrant and
the shares of Common Stock issuable upon exercise of this Warrant are subject to
the following provisions:

     

    (a) General.   Subject to
the requirements of the Act or any applicable state securities laws, the Holder
may sell, assign, transfer or otherwise dispose of all or any portion of the
Warrants or the Warrant Shares acquired upon any exercise hereof at any time and
from time to time. Upon the sale, assignment, transfer or other disposition of
all or any portion of the Warrants, Holder shall deliver to the Company a
written notice of such in the form attached hereto as Exhibit B, duly
executed by Holder, which includes the identity and address of any purchaser,
assignor or transferee.

     

    (b) Restrictive
Legend.  Each certificate
for Warrant Shares held by the Holder and each certificate for any such
securities issued to subsequent transferees of any such certificate shall be
stamped or otherwise imprinted with legends in substantially the following
form:

     

    “THE SECURITIES REPRESENTED BY THIS
CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”) OR ANY RELEVANT STATE
SECURITIES LAWS.  THESE SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN
THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER SAID ACT AND
APPLICABLE STATE SECURITIES LAWS”.

     

    (c) Indemnification.  Holder
acknowledges that he, she or it understands the meaning and legal consequences
of the representations, warranties and acknowledgments he, she or it has made in
Section 7 and elsewhere in this Warrant and he, she or it understands that the
Company is relying upon the truth and accuracy thereof.  Accordingly,
the Holder hereby agrees to indemnify and hold harmless the Company, its
officers, agents and representatives, from and against any and all loss, damage
or liability due to or arising out of a breach of any representation or warranty
of Holder contained in this Warrant.

     

    
      
        
        

      

      
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    SECTION
8. Amendment.  The
terms and provisions of this Warrant may not be modified or amended, except with
the written consent of the Company and the Holder.

     

    SECTION
9. Reorganizations,
Etc.  In case, at any time during the Exercise Period, of any
capital reorganization, of any reclassification of the stock of the Company
(other than a change in par value or from par value to no par value or from no
par value to par value or as a result of a stock dividend or subdivision,
split-up or combination of shares), or the consolidation or merger of the
Company with or into another corporation (other than a consolidation or merger
in which the Company is the continuing operation and which does not result in
any change or reclassification in the Warrant Shares) or of the sale of all or
substantially all the properties and assets of the Company as an entirety to any
other corporation, the Company, at its sole discretion, shall have the right and
option to (A) provide 10 days prior written notice of such event to the Holder
and this Warrant shall terminate and be of no further force and effect on and
after the effective date of such capital reorganization or reclassification or
the consummation of such consolidation, sale or merger; or (B) provide that this
Warrant shall, after such reorganization, reclassification, consolidation,
merger or sale, be exercisable for the kind and number of shares of stock or
other securities or property of the Company or of the corporation resulting from
such consolidation or surviving such merger or to which such properties and
assets shall have been sold to which such holder would have been entitled if he,
she or it had held the Warrant Shares issuable upon the exercise hereof
immediately prior to such reorganization, reclassification, consolidation,
merger or sale.

     

    SECTION
10. Lost,
Stolen, Mutilated or Destroyed Warrant.  If this Warrant
is lost, stolen, mutilated or destroyed, the Company may, on such terms as to
indemnity or otherwise as it may in its discretion impose (which shall, in the
case of a mutilated Warrant, include the surrender thereof), issue a new Warrant
of like denomination and tenor as the Warrant so lost, stolen, mutilated or
destroyed.  Any such new Warrant shall constitute an original
contractual obligation of the Company, whether or not the allegedly lost,
stolen, mutilated or destroyed Warrant shall be at any time enforceable by
anyone.

     

    SECTION
11. Notices.  All notices,
advices and communications to be given or otherwise made to any party to this
Agreement shall be deemed to be sufficient if contained in a written instrument
delivered in person or by telecopier or duly sent by first class registered or
certified mail, return receipt requested, postage prepaid, or by overnight
courier, or by electronic mail, with a copy thereof to be sent by mail (as
aforesaid) within 24 hours of such electronic mail, addressed to such party at
the address set forth below or at such other address as may hereafter be
designated in writing by the addressee to the addresser listing all
parties:

     

    
      	
            	
              (a)  

            	
              If
      to the Company, to:

            

    

    

    Harbrew
Imports Ltd. Corp.

    102
Buffalo Avenue

    Freeport,
NY 11520

    Attention:  Richard
DeCicco

    

    and

    

    
      
        
        

      

      
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              (b)  

            	
              If
      to the Holder, to:

            

    

    

    _________________

    _________________

    _________________

    _________________

    

    or to
such other address as the party to whom notice is to be given may have furnished
to the other parties hereto in writing in accordance herewith.  Any
such notice or communication shall be deemed to have been delivered and received
(i) in the case of personal delivery or delivery by telecopier, on the date of
such deliver, (ii) in the case of nationally-recognized overnight courier, on
the next business day after the date when sent and (ii) in the case of mailing,
on the third business day following that on which the piece of mail containing
such communication is posted.  As used in this Section 11, “business
day” shall mean any day other than a day on which banking institutions in the
State of New York are legally closed for business.

    

    SECTION
12.   Binding
Effect on Successors.  Subject to
Section 9 hereof, this Warrant shall be binding upon any corporation succeeding
the Company by merger, consolidation or acquisition of all or substantially all
of the Company’s assets.

     

    SECTION
13.   Descriptive
Headings and Governing Law.  The description
headings of the several sections and paragraphs of this Warrant are inserted for
convenience only and do not constitute a part of this Warrant.  This
Warrant shall be construed and enforced in accordance with, and the rights of
the parties shall be governed by, the laws of the State of New York (without
giving effect to conflicts of law principles thereunder).

     

    SECTION
14.   Fractional
Shares.  No fractional
shares shall be issued upon exercise of this Warrant.  The Company
shall, in lieu of issuing any fractional share, pay the holder entitled to such
fraction a sum in cash equal to such fraction multiplied by the then effective
Warrant Price.

     

    [Signature Page
Follows]

     

    

     

    

    
      
        
        

      

      
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    IN WITNESS WHEREOF, the
undersigned has caused this Common Stock Warrant to be executed by its duly
authorized officer as of the date first above written.

     

     

    
      
        	 	HARBREW IMPORTS
      LTD. CORP.	 
	 	 	 	 
	 	
                By:
      

              	/s/ 	 
	 	 	Name:  Richard DeCicco	 
	 	 	Title:    President	 
	 	 	 	 

      

    

     

     

     

     

     

    

    

    

    
      
         

      

      
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      Exhibit
A

       

      

    

    
      

       

      Form
of Subscription 

      
        

      

       

    

    NOTICE
OF EXERCISE

    COMMON
STOCK WARRANT

     

    To:           Harbrew
Imports Ltd. Corp.

     

    The undersigned hereby:

     

      (a)
elects to purchase _______ shares of Common Stock (“Common Stock”) of Harbrew
Imports  Ltd. Corp., a Florida corporation, (the “Company”) pursuant
to the terms of the attached Warrant, and tenders herewith payment of the
aggregate exercise price therefor and any transfer taxes payable pursuant to the
terms of the Warrant; or

     

     (b)
elects to exercise this Warrant for the purchase of ________ shares of the
Common Stock pursuant to the provisions of Section 1(b) of the attached
Warrant.

     

    Please issue a certificate or
certificates representing said shares of Common Stock in the name of the
undersigned or in such other name or names as are specified below:

    

    Name:                                                                                                             

    Address:                                                                                                        

                                                                                                                             
                                                                                                                         

     

     

    IN
WITNESS WHEREOF, the Warrant Holder has executed this Notice of Exercise
effective this ___ day of ________,  ______.

     

    _______________________________

     

    (Signature)

     

    

    

    
      
         

      

      
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    Exhibit
B

    

    Form
of Assignment

    [To be
signed only upon transfer of Warrant]

    

    For value
received, the undersigned hereby sells, assigns and transfers unto the right
represented by the within Warrant to purchase _______ shares of Common Stock of
HARBREW IMPORTS LTD.
CORP., to which the within Warrant relates, and appoints Attorney to
transfer such right on the books of HARBREW IMPORTS LTD. CORP.,
with full power of substitution in the premises.

     

    

    Dated:                                                                _____________________________

    (Signature)

    

    

    Signed in
the presence of:

    

    ______________________________

     

     

     

     

    8ex102.htm

    EXHIBIT
10.2

    LICENSE
AGREEMENT

     

    
    

    This
License Agreement ("Agreement") dated as of April 26, 2007, recites the
agreement between Seven Cellos, LLC ("DDV") and Harbrew Imports Limited, a New
York corporation ("Company") with respect
to the manufacture, distribution, and promotion of an alcoholic beverage
(liqueur) which will be known
as "Danny DeVito's Premium Limoncello. (the "Beverage").

     

    RECITALS

     

    This
Agreement is made with reference to the following:

     

    A.   
Company
has requested to use Danny DeVito's ("Devito") name and likeness and obtain
DeVito's endorsement in connection with the Company's manufacture, distribution
and promotion of the Beverage.

     

    B.    
In order
to effectuate the foregoing, Company has requested that DDV enter into this
Agreement for the limited license of certain rights in and to DeVito's name,
likeness and biography for the use by Company in connection with the name for,
and advertising, publicity and promotion of, the Beverage. Company has also
requested that DeVito provide certain personal publicity services in connection
with the promotion of the Beverage.

     

    C.    
DDV desires to grant to Company a limited license of certain rights in and to
DeVito's name, likeness and biography and agrees to cause DeVito to perform
certain personal publicity services for the Beverage, upon the terms and
conditions set forth in this Agreement.

     

    Accordingly,
the parties agree as follows:

     

    
    

    
      1.    
Conditions Precedent: All of
DDV's obligations hereunder are subject to Company applying for a trademark for
the brand name "Danny DeVito's Premium Limoncelle and DDV being designated as a
fifty percent (50%) co-owner (tenants-n-common) of such
trademark.

    

     

    2.      Recitals: The Recitals are
material hereto and incorporated herein by this reference.

     

    3.     
License: DDV grants to
Company, for the Term (as defined in paragraph 4., below), subject to the terms
and conditions contained in this Agreement, a limited, exclusive, license for
the Beverage (subject to revocation in accordance with the terms of this
Agreement) to utilize DeVito's name, approved likeness, and approved
biographical material in connection with the name for, and advertising,
publicity and promotion of, the Beverage ("Licensed Rights").

     

    4.      Term:
The term of this Agreement shall commence on the later of the date of
signature by all parties of this Agreement and satisfaction of the Conditions
Precedent set forth in paragraph 1., above, and shall continue in perpetuity
unless the parties either mutually agree to terminate this Agreement or this
Agreement is otherwise terminated in accordance with its terms (the
"Term").

     

    
      
        
        

      

      
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    5.      Compensation:
In consideration for
the license and the performance of DDV's obligations under
this Agreement, Company
shall pay royalties as follows:

     

    a.     
BAK. Company shall
directly pay DeVito's attorneys,
Behr Abramson & Keller, LLP ("BAK"), or their designee, five percent (5%) of
the Net Profits (as defined below). This five percent (5%) amount shall not be deducted
from payments due to DDV.

     

    b.     
DDV After
the payment described in
Section 5(a) above, Company shall pay DDV a royalty equal to fifty percent (50%)
of the remaining Net Profits.

     

    c.     
SRFF After the royalty payment of 50% of net profits is paid to DDV, Company
shall pay its attorneys, Sichenzia Ross Friedman Ference, LLP, ("SRFF"), or its
designees, two per percent (2%) of the Net Profits (as defined below).

     

    d.     
Net
Profits. For purposes of this Agreement, "Net Profits" shall mean the
gross revenue generated by the sale of the Beverage and the related products
utilizing the Licensed Rights, less expenses incurred in the manufacture,
distribution, sale and promotion of the Beverage and the related products, as
determined by the Company's regular outside accountants. In calculating Net
Profits the parties agree that the expenses will only include actual
out-of-pocket costs incurred by the Company and will not include (i) an
allocation for unspecified overhead or (ii) depreciation or other non-cash
expenses. All amounts due pursuant to this Section 5 shall be paid every 3
months ("Quarterly
Period") within 30 days after the last day of each Quarterly Period.
Company shall deliver to DDV with each royalty payment a detailed report setting
forth the Net Profit for the Quarterly Period.

     

    e.     
Additional Consideration. As
additiona consideration hereunder, DDV shall be granted a warrant to purchase
100,000 shares of the issued and outstanding stock of Company, for an exercise
price equal to the lower of $1.00 per share, or 85% of the 30 day average bid
and ask price as reported by the PinkSheets, OTC Bulletin Board or whatever
exchange or service that lists the Company's Common Stock; provided, however, that in no event shall the
exercise price be less than $0.50 per share BAK shall also be granted a warrant
to purchase 20,000 shares of the issued and outstanding stock of Company, for an
exercise price of the lower of $1.00 per share, or 85% of the 30 day average tai
and ask price as recorded on the PinkSheets, OTC Bulletin Board or whatever
exchange or service that lists the Company's Common Stock- provided, however, that in no event shall the
exercise price be less than $0.50 per share. Attached hereto as Exhibits "A" and
"B" are Warrant Forms for DDV and BAK.

     

    6.      License
Territory: Company shall be entitled to utilize the Licensed Rights
throughout the world.

     

    7.      DDV Approval Rights: Company shall
consult with DDV with respect to (i) the taste, quality, and manufacture of the
Beverage and (ii) all concepts, designs and other creative elements for the
marketing and promotion of the Beverage, including without limitation, how,
when, and where the Beverage is marketed and promoted and the engagement of any
marketing or publicity personnel to market or promote the Beverage. The Company
shall develop not less frequently than annually a marketing plan describing the
proposed marketing and promotion of the Beverage, which shall be submitted to
DDV for approval. In connection with the foregoing, DDV shall have the following
specific approval rights:

     

    
      
        
        

      

      
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    a.      Likeness Approvals:

     

    i.      
Photographic
Approval. DDV shall have the right of approval of any and all photographs
in which DeVito appears (whether alone or with others) which are proposed to be
used in any way in connection with the Beverage. DDV shall exercise his approval
right in good faith, provided the foregoing shall not limit DDV's right to
provide photographs to be used by Company in lieu of those photographs for which
approval is sought.

     

    ii.      
Artwork
Likeness Approval. DDV shall have the right of approval over all artwork
renderings or artwork incorporating any image or part thereof of DeVito. DDV
shall have no obligation to approve any artwork rendering (including any
caricature artwork representation of his image).

     

    iii.     
Magazine
Covers/Website. Company shall resubmit to DEN for further approval all
photographs or artwork that have been previously approved by DDV, which Company
proposes to use for the cover of or inclusion in, a magazine or other similar
publication, whether print or otherwise (e.g. on Beverage website, if
any).

     

    iv.      Tabloids.
Company shall not furnish any photographs or artwork containing the likeness of
DeVito to the "National Enquirer," "The Star" or "The Globe" or similar domestic
or foreign tabloids.

     

    v.      
Photographic
sessions. If requested by Company, DDV shall cause DeVito to participate
in a photographic session for Company at a time, date and location and with a
photographer, hair and makeup personnel, acceptable to DDV. All expenses
associated with such photo session shall be paid by Company. The photographs
produced shall be subject in all regards to DDV's approval rights
hereunder.

     

    vi.      No
Circumventing Approvals. No sound-alike or look-alike or digital
doubles whose voice or physical attributes (i.e., hair color, height and
physical stature) could reasonably be identified as DeVito may be used to
circumvent DDV's approval rights with respect to his likeness
hereunder.

     

    b.      Use
of Name. DDV shall have the right of approval over any and all uses of
DeVito's name and likeness and biography in connection with the Beverage,
including without limitation any modifications or extensions to the brand name.
The brand name "Danny DeVito's Premium Limoncello" is pre-approved.

     

    c.     
Manufacture,
Advertising, Marketing and Promotion. DDV shall have the right to approve of
material aspects of manufacture, bottling, advertising, marketing and
promotional campaign for the Beverage, including the flavor of the Beverage, the
alcoholic content, labeling, all major marketing and promotional materials
(irrespective of whether or not such materials contain DeVito's name, likeness
or biography) and any other branding for the Beverage.

     

    d.     
Press
Releases. DDV shall have the right to approve all press releases regarding
the Beverage (irrespective of whether or not such materials contain reference to
DeVito).

     

    e.      
Cross
Promotional Activities/Tie Ins. DDV shall have the right to approve
any and all so-called cross promotions and tie-ins in and to the Beverage,
including without limitation promotional partnerships, if any, and any
products or services relating to the Beverage and "product placements" of
the Peerage or Beverage branded items in any media. DDV shall have approval over
any "behind-the-scenes" or "making-of' productions in connection with the
Beverage.

     

    
      
        
        

      

      
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    f.       Merchandising. DDV shall have the
right to approve any merchandising or services
in connection with the Beverage (irrespective of whether such
merchandising contains DeVito's name, likeness of biographical materials). If
approved, Company shall not depict DeVito as personally endorsing any such
merchandise or service without DDV's prior written consent.

     

    g.      
Biography.
DDV shall have the right of approval over all of DeVito's
biographical materials used in connection with the Beverage. DDV shall furnish
Company with approved DeVito biographical materials for Company's reference
within fifteen (15) business days of receipt of Company's
written request therefor.

     

    h.       Further
Ventures. All proposed ventures between the parties other than the
Beverage, including but not limited to other beverages or products, and all
proposed ventures between Company and any third party relating to the Beverage,
as well as any sale of the Beverage and any material distributing agreements
respecting the Beverage (other than in the ordinary course of business), are
subject to DDV's
approval. In the event of a proposed sale of the Beverage assets of tee
Company (collectively, a
"Sale"), DDV shall have the right to approve such Sale, and if DDV seal'
not approve such Sale (which approval shah be given, if at all, in DDV's sole
discretion), this Agreement
shall terminate.

     

    i.       
Timing of
Approval. Reasonableness. Unless otherwise expressly provided herein
to the contrary, the approval of DDV to any action under this Agreement shall
not be unreasonably withheld or delayed, Additionally, except to the extent
otherwise expressly provided herein to the contrary, approval (or disapproval)
shall be furnished within ten (10) business days of notice of any
action to be taken (except where the nature of the action requiring approval
requires a faster response in which case approval or disapproval shall be within
five (5) business days provided that DDV has been so notified that a faster
response is required and the reason why). The failure to timely respond shall be
deemed an approval of any such action. In the event of disapproval, the notice
shall describe the basis for the disapproval.

     

    8.      Right of First Refusal: DDV and DeVito
hereby grant the Company a Right of First Refusal to license any
other  liquors, spirits, alcoholic beverages which DDV or DeVito determine to endorse or
develop for a period of five years from the date of this
Agreement.

     

    9.     Personal Appearances: During each
consecutive twelve (12) month period of the Term, DDV shall use reasonable
efforts to make DeVito available for a reasonable number of promotional
appearances including Company sponsored or coordinated events, media
opportunities and plug opportunities as mutually agreed upon by DDV and the
Company ("Personal and Media Appearance Days") the duration of which shall not
exceed two (2) days, unless otherwise agreed by DDV. The timing of Personal and
Media Appearance Days shall be subject to DeVito's schedule, and any
failure to appear for any or all of Personal and Media appearances shall not be
deemed a breach of this Agreement if such failure is due to DeVito's
professional unavailability due to contractual commitments in the entertainment
industry or for any cause beyond the reasonable control of DeVito. DDV shall
have approval over all publicity and promotional activities that Company
requests DeVito participate during the Personal Appearance Days. DDV agree to
cause DeVito to attend and participate in the annual spirits tradeshow on April
30, 2007, in connection with the introduction of the Beverage, subject to
DDV's approval rights of the marketing and promotional materials as
set forth in Section 7 above. Company agrees that Joel and Trudi Behr will
be DeVito's pre-approved guests, within the meaning of Section 10(a) below, in
connection with such promotional appearance at the annual spirit
tradeshow on April 30, 2007.

     

    10. 
  Transportation Accommodations and Expenses:
DeVito shall be provided with the following
transportation, accommodations and expenses in connection with each promotional
appearance
whether in accordance with paragraph 9, above or
as otherwise agreed):

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    a.       Air
Transportation. Roundtrip air
transportation for DeVito, his wife Rhea Perlman, and pre-approved guests
including Stan Rosenfield, by means of first-class commercial air-transportation
from DeVito's then location;

     

    b.       Accommodations
and Expenses. First class hotel suite for DeVito and his pre-approved
guests in a hotel of DeVito's choice and expenses
for first class incidentals during each visit;

     

    c.       First
class. First class exclusive ground transportation (car and driver)
between
airports, accommodations and appearance location; and

     

    d.       Rental
Car. An
exclusive full-sized luxury rental car or, at DeVito's
election,
luxury SUV, and driver for DeVito's exclusive use.

     

    
      11.    Company Representations and
Warranties: Company hereby represents and warrants: (i) It is and shall
remain a Company in good standing in the State of its incorporation; (ii) no
shareholder or officer of the Company has ever been charged with or found guilty
of a criminal offense, or is or has been the subject of a criminal
investigation; (iii) Company will secure at the required times any and all
necessary licenses and approvals from the applicable regulatory authorities and
will be in full compliance with all laws and regulations applicable to its
activities, including without limitation all alcoholic beverage control laws and
regulations and any other laws and regulations applicable to the manufacture,
importation, distribution, and promotion of alcoholic beverages; (iv) all
employees and contractors engaged by Company shall be required to provide and
maintain valid work authorizations:(v)
Company will inform and train (as required by any applicable laws and
regulations
) all employees and independent contractors regarding relevant applicable
laws and regulations
regarding the importation, marketing and sale of alcoholic beverages;
(vi) ail
advertising and promotion will comply with applicable laws and will be
entirely true and accurate and will not defame or
disparage any individual or organization; (vii) Company is not affiliated
with any political party or
organization affiliated to any political party or makes or will make
contributions to any cal party
or
organization affiliated with any political party; (viii) Company shall
maintain at all timer the
insurance set forth in paragraph 14., below.

    

     

    12.   
DDV
Representations
and Warranties: DDV represents and warrants that he has the
power to enter
into this
Agreement and grant the rights
herein granted.

     

    13.    Indemnification: Except to the extent
that DDV is in breach of a material term or material condition or any of his
representations or warranties hereunder and such breach or default relates to
the claim or demand for which DDV is seeking indemnity, Company shall indemnify,
defend and hold harmless DDV and DeVito against any and all claims, liabilities,
demands, damages, costs and expenses including attorneys' fees,
arising in connection with this Agreement, the Beverage, and or any
activities of Company. DDV and DeVito shall have the right at their own
expense to instigate or defend suits or proceedings to which this indemnity may
apply. Company shall not dispose of or compromise any action without the prior
written consent of DDV (which shall not be unreasonably withheld or delayed).
Except to the extent that Company is in breach of a material term or material
condition or any of its representations or warranties hereunder and such breach
or default relates to the claim or demand for which Company is seeking
indemnity, DDV shall indemnify, defend and hold harmless Company against any and
all claims, liabilities, demands, damages, costs and expenses, including
attcrneys' fees, arising in connection with the breach by DDV of its
obligations, representations and warranties hereunder. Company shall have the
right at its own expense to instigate or defend suits or proceedings to which
this indemnity may apply. DDV shall not dispose of or compromise any action
without the prior written consent of Company (which shall not be condition
on of this Agreement shall be deemed a waiver of any preceding or
succeeding breach or non-fulfillment of the same or of any other term
or condition hereof. This Agreement shall be construed in accordance with the of
the State of California. The parties agree that this Agreement may be executed
in counterpart. This Agreement shall be construed without regard to any
presumption or other rule requiring construction against the party causing this
Agreement to be drafted. In the event of any default hereunder, all remedies at
law and in equity shall he available. In the event of litigation concerning this
Agreement, the prevailing party shall be entitled to receive its cost, and
reasonable attorneys' fees, through and including all appeals, from the
non-prevailing party. If, for any reason, any provision of this Agreement is
held invalid, such invalidity shall not affect other provision of this
Agreement, and the Agreement shall otherwise remain in full force and
effect. This Agreement may be executed via facsimile, in which event facsimile
signatures shall be treated as original signatures for all purposes.

     

    
      
        
        

      

      
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        	 	 	AGREED	 
	 	 	 	 
	 	 	"DDV"	 
	 	 	 	 
	 	 	SEVEN
      CELLOS, LLC	 
	 	 	 	 
	
                 

              	 	/s/ Danny Devito	 
	 	 	By:
      Danny Devito, President	 
	 	 	 	 
	 	 	 	 
	 	 	"Company"	 
	 	 	 	 
	 	 	HARBREW
      IMPORTS, LTD.	 
	 	 	a
      New York corporation	 
	 	 	 	 
	 	 	/s/
      Richard DeCicco	 
	 	 	By:
      Richard DeCicco, President	 

      

    

     

     

     

     

    7

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