Document:

EXHIBIT 10.6

                                ESCROW AGREEMENT

         This Escrow Agreement, dated as of May 31, 2005 ("Escrow Agreement"),
is entered into by and among Cogent Capital Corp., a Utah corporation
("Cogent"), Xstream Beverage Network, Inc., a Nevada corporation ("Xstream"),
[list investors] and Investors Bank & Trust Company, a Massachusetts trust
company ("Escrow Agent").

         Whereas, [investor] and Xstream are parties to a Subscription
Agreement, dated May 31, 2005; and

         Whereas, [investor] and Xstream are parties to a Subscription
Agreement, dated May 31, 2005; and

         Whereas, [investor] and Xstream are parties to a Subscription
Agreement, dated May 31, 2005; and

         Whereas, [investor] and Xstream are parties to a Subscription
Agreement, dated May 31, 2005; and

         Whereas, [investor] and Xstream are parties to a Subscription
Agreement, dated May 31, 2005; and

         Whereas, Cogent and Xstream are parties to the ISDA Master Agreement,
Equity Swap Confirmation, Call Option Confirmation and ISDA Credit Support
Annex, dated May 31, 2005 (collectively the "Swap Agreements"); and

         Whereas, each Subscription Agreement provides for the delivery of
certain consideration and property to effect the transactions contemplated
thereby; and

         Whereas, the Swap Agreements provide for the delivery of certain
consideration and property to effect the transactions contemplated thereby; and

         Whereas, Escrow Agent has agreed to serve as Escrow Agent pursuant to
the terms set forth herein.

         Now, therefore, the parties hereto agree to the following terms:

1. DELIVERIES IN ESCROW. On or before May 31, 2005 (the "Delivery Date") Cogent,
[investors] and Xstream shall deliver or deposit with the Escrow Agent according
to the delivery instructions as outlined in Exhibit "B" the following
(collectively the "Deliveries"):

   (a)   By [investor], US Treasury Notes and Strips with a market value on the
         date immediately preceding the date of delivery to the Escrow Agent of
         at least $1,200,000 based on current market quote at the time of

                                       1
<PAGE>

         delivery, together with a schedule listing for each Note and Strip the
         exact amount, maturity, and CUSIP number (the "A bonds"); and

   (b)   By [investor], US Treasury Notes and Strips with a market value on the
         date immediately preceding the date of delivery to the Escrow Agent of
         at least $1,200,000 based on current market quote at the time of
         delivery, together with a schedule listing for each Note and Strip the
         exact amount, maturity, and CUSIP number (the "B bonds"); and

   (c)   By [investor], US Treasury Notes and Strips with a market value on the
         date immediately preceding the date of delivery to the Escrow Agent of
         at least $1,200,000 based on current market quote at the time of
         delivery, together with a schedule listing for each Note and Strip the
         exact amount, maturity, and CUSIP number (the "C bonds"); and

   (d)   By [investor], US Treasury Notes and Strips with a market value on the
         date immediately preceding the date of delivery to the Escrow Agent of
         at least $1,200,000 based on current market quote at the time of
         delivery, together with a schedule listing for each Note and Strip the
         exact amount, maturity, and CUSIP number (the "D bonds"); and

   (e)   By [investor], US Treasury Notes and Strips with a market value on the
         date immediately preceding the date of delivery to the Escrow Agent of
         at least $1,200,000 based on current market quote at the time of
         delivery, together with a schedule listing for each Note and Strip the
         exact amount, maturity, and CUSIP number (the "E bonds"); and

   (f)   By Xstream,

         (i)   1,684,212 shares of Xstream common stock, par value $0.001 per
               share, CUSIP number           , in two certificates with standard
               restrictions as defined in the Subscription Agreement issued in
               the name of [investor], one certificate shall be in the amount of
               1,263,159 shares and the other in the amount of 421,053 shares
               (the "A Shares"); and

         (ii)  1,684,212 shares of Xstream common stock, par value $0.001 per
               share, CUSIP number          , in two certificates with standard
               restrictions as defined in the Subscription Agreement issued in
               the name of [investor], one certificate shall be in the amount of
               1,263,159 shares and the other in the amount of 421,053 shares
               (the "B Shares"); and

         (iii) 1,684,212 shares of Xstream common stock, par value $0.001 per
               share, CUSIP number           , in two certificates with standard
               restrictions as defined in the Subscription Agreement issued in
               the name of [investor], one certificate shall be in the amount of
               1,263,159 shares and the other in the amount of 421,053 shares
               (the "C Shares"); and

                                       2
<PAGE>

         (iv)  1,684,212 shares of Xstream common stock, par value $0.001 per
               share, CUSIP number           , in two certificates with standard
               restrictions as defined in the Subscription Agreement issued in
               the name of [investor], one certificate shall be in the amount of
               1,263,159 shares and the other in the amount of 421,053 shares
               (the "D Shares"); and

         (v)   1,684,212 shares of Xstream common stock, par value $0.001 per
               share, CUSIP number           , in two certificates with standard
               restrictions as defined in the Subscription Agreement issued in
               the name of [investor], one certificate shall be in the amount of
               1,263,159 shares and the other in the amount of 421,053 shares
               (the "E Shares"); and

         (vi)  Either (1) $540,000 cash or (2) 687,719 free trading/registered
               shares of Xstream common stock, par value $0.001 per share, CUSIP
               number plus $50,000 cash , (either (1) or (2) being the "Initial
               Exchange Amount" as defined under the Swap Agreements).

         (vii) $55,000 interest impound.

If all of the foregoing Deliveries are not received by the Escrow Agent on or
before the Delivery Date, then the Escrow Agent shall be directed by either
Cogent or Xstream to terminate the Escrow Agreement and to return to Cogent and
Xstream their respective Deliveries, if any, made to the Escrow Agent on or
before that date.

2. DISBURSEMENT OF DELIVERIES. If the Escrow Agent receives all of the
Deliveries on or before the Delivery Date, within three business days following
the Delivery Date the Escrow Agent will be directed by Cogent or Xstream to
disburse the Deliveries as follows:

   (a)   The A Bonds, the B Bonds, the C Bonds, the D Bonds and the E Bonds will
         be transferred to account number at Escrow Agent titled "Cogent Capital
         for the benefit of Xstream Beverage Network, Inc." (the "Collateral
         Account");

   (b)   The A Shares will be transferred to account number [ ] at Escrow Agent;

   (c)   The B Shares will be transferred to account number [ ] at Escrow Agent;

   (d)   The C Shares will be transferred to account number [ ] at Escrow Agent;

   (e)   The D Shares will be transferred to account number [ ] at Escrow Agent;

   (f)   The E Shares will be transferred to account number [ ] at Escrow Agent

   (g)   The Initial Exchange Amount will be transferred to account number
         4735938 at Escrow Agent.

                                       3
<PAGE>

   (h)   The interest impound to account number [ ] at Escrow Agent.

3. COLLATERAL ACCOUNT.

   (a) Cogent and Xstream are parties to that certain ISDA Master Agreement,
dated as of May 31, 2005 (the "Master Agreement") and the Credit Support Annex
thereto (the "CSA"), and have executed two Confirmations, dated as of May 31,
2005, evidencing Transactions that are subject to the Master Agreement. Cogent
and Xstream hereby notify the Escrow Agent that pursuant to the CSA and the
Confirmations Xstream has granted Cogent a security interest in the Collateral
Account and all financial assets and other items therein. The Escrow Agent
acknowledges being so notified and confirms that it has no actual knowledge or
notice of any restraint, security interest, lien or other adverse claim in or to
the Collateral Account or any item therein. All items in the Collateral Account
shall be treated as "financial assets" within the meaning of the New York
Uniform Commercial Code (the "Code").

   (b) The Escrow Agent shall comply with all withdrawal, transfer, payment and
redemption instructions, and all other entitlement orders (as defined in the
Code) (collectively, "orders") received from Cogent (without further consent
from Xstream) concerning the Collateral Account. The Escrow Agent shall not
honor any orders from Xstream with respect to the Collateral Account, unless
otherwise authorized to do so pursuant to written instructions from Cogent. The
Escrow Agent shall not change the name or account number of the Collateral
Account without having received Cogent's prior express written consent thereto.

   (c) The Escrow Agent waives, releases and agrees not to assert, exercise or
claim any lien, encumbrance, right (including setoff right) or other claim
against the Collateral Account or any financial asset, cash balance or other
item therein, except with respect to payment (i) of customary fees and
commissions with respect to the routine maintenance and operation of the
Collateral Account or (ii) for financial assets duly purchased for the
Collateral Account in accordance with the provisions hereof, in each case as
provided for under any agreements between Cogent and Xstream relating to the
Collateral Account. The Escrow Agent shall neither advance margin or other
credit against the Collateral Account, nor hypothecate any financial assets
carried in the Collateral Account, without the prior written consent of Cogent.
Except as required by law, the Escrow Agent shall not agree with any other
person or entity that it will comply with any withdrawal, transfer, payment and
redemption instructions, or any other entitlement or other orders, from such
person or entity concerning the Collateral Account or any items therein, without
the prior written consent of Cogent and any such agreement entered into without
such consent shall be null and void.

4. DUTY OF THE ESCROW AGENT. The sole duties and responsibilities of the Escrow
Agent shall be to receive and hold the Deliveries, and disburse the Deliveries
pursuant to Section 2 of this Agreement and to perform the duties and
responsibilities with respect to the Collateral Account expressly set forth in
writing herein (and in its standard securities accounts documentation and terms
and conditions as in effect from time to time, all of which shall apply to the
Accounts to the extent not inconsistent with this Agreement). Escrow Agent is
not responsible for any of the respective duties or obligations of Aegis

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<PAGE>

Assessments and Cogent under the Master Agreement, the CSA or the Confirmations,
and all references in this Agreement to the Master Agreement, the CSA or the
Confirmations or any other agreements are for the convenience of the parties
hereto, and Escrow Agent shall have no duties or responsibilities with respect
thereto. Escrow Agent is not responsible for accounting or maintaining any
records other than to document the property received and Deliveries disbursed as
directed. Notwithstanding any item discussed herein, Escrow Agent has no
discretion over the Deliveries deposited with it and cannot be held liable for
any problem or dispute relating to such assets. All property received by the
Escrow Agent in the Collateral Account will be reported for accounting purposes
only.

5. DOCUMENTS. The Escrow Agent may conclusively rely upon and shall be protected
in acting upon any statement, certificate, notice, request, consent, order or
other document believed by it to be genuine and to have been signed or presented
by the proper party or parties. The Escrow Agent shall have no duty or liability
to verify any such statement, certificate, notice, request, consent, order, or
other document and its sole responsibility shall be to act only as expressly set
forth in this Escrow Agreement. The Escrow Agent shall be under no obligation to
institute or defend any action, suit or proceeding in connection with this
Escrow Agreement unless first indemnified to its satisfaction by Cogent and
Xstream.

6. FEES. The Escrow Agent shall be entitled to compensation for its services as
stated in the fee schedule attached hereto as Exhibit A, which compensation
shall be paid by Xstream. The fee agreed upon for the services rendered
hereunder is intended as full compensation for the Escrow Agent's services as
contemplated by this Escrow Agreement; provided, however, that in the event that
the conditions for the disbursement of property under the Escrow Agreement are
not fulfilled, or the Escrow Agent renders any material service not contemplated
in the Escrow Agreement, or there is any assignment of interest in the subject
matter of the Escrow Agreement, or any material modification hereof, or if any
material controversy arises hereunder, or the Escrow Agent is made a party to
any litigation pertaining to the Escrow Agreement, or the subject matter hereof,
then the Escrow Agent shall be reasonably compensated for such extraordinary
services and reimbursed for all costs and expenses, including reasonable
attorney's fees, occasioned by any delay, controversy, litigation or event, and
the same shall be recoverable from Xstream; provided, however, that to the
extent Xstream is required to pay any such costs or expenses to the Escrow Agent
pursuant to the provisions of this Section 5 as a result of the fault or
negligence of Cogent, Xstream shall be entitled to recover such amount from
Cogent.

7. INDEMNIFICATION OF ESCROW AGENT. Cogent and Xstream, both jointly and
severally hereby indemnify and hold harmless the Escrow Agent from and against,
any and all loss, liability, cost, damage and expense, including, without
limitation, reasonable counsel fees, which the Escrow Agent may suffer or incur
by reason of any action, claim or proceeding brought against the Escrow Agent
arising out of or relating in any way to this Escrow Agreement or any
transaction to which this Escrow Agreement relates unless such action, claim or
proceeding is the result of the gross negligence of the Escrow Agent. To the
extent Xstream or Cogent is required to pay any such loss, liability, damage,
cost or expense to the Escrow Agent pursuant to the provisions of this Section 6
as a result of the fault or negligence of the other party, Xstream or Cogent, as
applicable, shall be entitled to recover such amount from the other party. The
Escrow Agent may consult counsel with respect of any question arising under the
Escrow Agreement and the Escrow Agent shall not be liable for any action taken
or omitted in good faith upon advice of such counsel. The obligation of Cogent

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<PAGE>

and Xstream under this Section 6 shall survive the termination of this Agreement
or the resignation or removal of the Escrow Agent.

8. NOTICES. All notices, requests, demands, and other communications under this
Escrow Agreement shall be in writing and shall be deemed to have been duly given
(a) on the date of service if served personally on the party to whom notice is
to be given, (b) on the day of transmission if sent by facsimile/email
transmission to the facsimile number/email address given below, and telephonic
confirmation of receipt is obtained promptly after completion of transmission,
(c) on the day after delivery to Federal Express or similar overnight courier or
the Express Mail service maintained by the United States Postal Service, or (d)
on the fifth day after mailing, if mailed to the party to whom notice is to be
given, by first class mail, registered or certified, postage prepaid, and
properly addressed, return receipt requested, to the party as follows:

If to Cogent:
-------------

Cogent Capital Escrow
Attn:  Gregory L. Kofford, President
11444 South 1780 East
Sandy, Utah 84092
Telephone:  (801) 523-6063
Fax:  (801) 576-0583

If to Xstream:
--------------

Xstream Beverage Network, Inc.
Attn:

Telephone:
Fax:

If to [investor]:
-----------------
[investor]

If to [investor]:
-----------------
[investor]

If to [investor]:
-----------------
[investor]

If to [investor]:
-----------------
[investor]

If to [investor]:
-----------------
[investor]

                                       6
<PAGE>

If to Escrow Agent:
-------------------

Investor's Bank & Trust Company
Attn: ___________________________
_________________________________
_________________________________
Telephone: ______________________
Fax: ____________________________

Any party may change its address for purposes of this paragraph by giving the
other parties written notice of the new address in the manner set forth above.

9. SUCCESSORS AND ASSIGNS. Except as otherwise provided in this Escrow
Agreement, no party hereto shall assign this Escrow Agreement or any rights or
obligations hereunder without the prior written consent of the other parties
hereto and any such attempted assignment without such prior written consent
shall be void and of no force and effect. This Escrow Agreement shall inure to
the benefit of and shall be binding upon the successors and permitted assigns of
the parties hereto.

10. GOVERNING LAW; JURISDICTION. This Escrow Agreement shall be construed,
performed, and enforced in accordance with, and governed by, the laws of the
Commonwealth of Massachusetts, without giving effect to the principles of
conflicts of laws thereof. [This is intended to be "an agreement" within the
meaning of Section 8-110(e) of the Code and the terms "financial assets" and
"entitlement orders" herein shall include the respective meanings given such
terms in Article 8 of such Code.]

11. SEVERABILITY. In the event that any part of this Escrow Agreement is
declared by any court or other judicial or administrative body to be null, void,
or unenforceable, said provision shall survive to the extent it is not so
declared, and all of the other provisions of this Escrow Agreement shall remain
in full force and effect.

12. AMENDMENTS; WAIVERS. This Escrow Agreement may be amended or modified, and
any of the terms, covenants, or conditions hereof may be waived, only by a
written instrument executed by the parties hereto, or in the case of a waiver,
by the party waiving compliance. Any waiver by any party of any condition, or of
the breach of any provision, term, or covenant contained in this Escrow
Agreement, in any one or more instances, shall not be deemed to be nor construed
as further or continuing waiver of any such condition, or of the breach of any
other provision, term, or covenant of this Escrow Agreement.

13. ENTIRE AGREEMENT. This Escrow Agreement contains the entire understanding
among the parties hereto with respect to the escrow contemplated hereby and

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<PAGE>

supersedes and replaces all prior and contemporaneous agreements and
understandings, oral or written, with regard to such escrow.

14. SECTION HEADINGS. The section headings in this Escrow Agreement are for
reference purposes only and shall not affect the meaning or interpretation of
this Escrow Agreement.

15. COUNTERPARTS. This Escrow Agreement may be executed in counterparts, each of
which shall be deemed an original, but all of which shall constitute the same
instrument.

16. RESIGNATIONS AND TERMINATION. Escrow Agent may resign upon 30 days advance
written notice to the parties hereto. If a successor Escrow Agent is not
appointed within the 30-day period following such notice, Escrow Agent may
petition any court of competent jurisdiction to name a successor Escrow Agent or
interplead the Deliveries with such court, whereupon Escrow Agent's duties
hereunder shall terminate upon the naming of a successor or interpleader of the
Deliveries. This Escrow Agreement shall terminate upon completion of the final
disbursement by the Escrow Agent pursuant to paragraph 2 above.

IN WITNESS WHEREOF, the parties hereto have caused this Escrow Agreement to be
executed the day and year first set forth above.

COGENT CAPITAL CORP.

By: __________________________________
         Gregory L. Kofford, President

                                       8
<PAGE>

XSTREAM, INC.

By: __________________________________
         [NAME/TITLE]

[INVESTOR]

By: __________________________________
         [NAME/TITLE]

[INVESTOR]

By: __________________________________
         [NAME/TITLE]

[INVESTOR]

By: __________________________________
         [NAME/TITLE]

[INVESTOR]

By: __________________________________
         [NAME/TITLE]

[INVESTOR]

By: __________________________________
         [NAME/TITLE]

INVESTORS BANK & TRUST COMPANY

By: __________________________________
Name:_________________________________
Its: _________________________________

                                       9
<PAGE>

                                    Exhibit A

                                Escrow Agent fees

Annual Escrow Agent Fee:   $3,000

                                       10
<PAGE>
                                    Exhibit B
                         INVESTORS BANK & TRUST COMPANY
               DELIVERY INSTRUCTIONS FOR ACCOUNTS SERVICED OUT OF:
                                     BOSTON
            TRUST, INSTITUTIONAL CUSTODY AND RETIREMENT PLAN SERVICES

    Account #:           4736811          Account Name:   Cogent Capital Escrow
                ----------------------                   -----------------------
Administrator:       Carol Nicholls               Phone       (617) 204-8423
                ----------------------                   -----------------------

<TABLE>
-------------------------------------------------------------------------------------------------------
<S>                                                     <C>
INVESTORS BANK MAILING INSTRUCTIONS                     DTC INELIGIBLE SECURITIES -UNRESTRICTED
Investors Bank and Trust Company                        The Bank of New York
OVERNIGHT                                               One Wall Street, 3rd Floor
200 Clarendon Street, TAD 058, 16th Floor               Window A
Attn: Carol Nicholls                                    New York, NY 10286
Boston, MA  02116                                       A/C Name:  Investors Bank & Trust Company
REGULAR MAIL                                            A/C#:  017198
P.O. Box 300, TAD 058                                   4736811 Cogent Capital Escrow
Attn: Carol Nicholls
Boston, MA  02117-0300                                  DTC INELIGIBLE - RESTRICTED / NON-TRANSFERABLE
                                                        ----------------------------------------------
                                                        SECURITIES (MUST BE HELD IN CLIENT NAME)
DTC ELIGIBLE SECURITIES                                     The Bank of New York
-----------------------
Agent Bank Name: Investors Bank & Trust Company             One Wall Street, 3rd Floor
*Agent Bank Number 26016                                    Window A
Institutional ID: 28166                                     New York, NY 10286
DTC Participant Number:  2132                               A/C Name:  Investors Bank & Trust Company
4736811 - Cogent Capital Escrow                             A/C#: 017200
                                                            4736811 Cogent Capital Escrow
GOVERNMENT ISSUES DELIVERED THROUGH FED  BOOK ENTRY
ABA #011001438                                          DTC INELIGIBLE - RESTRICTED SECURITIES (WILL BE
                                                        -----------------------------------------------
INV BK BOS/1020                                         REREGISTERED INTO NOMINEE NAME)
                                                        -------------------------------
Cogent Capital Escrow  -  4736811                           The Bank of New York
                                                            One Wall Street, 3rd Floor
GNMA SECURITIES DELIVERED THROUGH FED BOOK ENTRY            Window A
-------------------------------------------------
EFFECTIVE 12/6/02                                           New York, NY 10286
-----------------
Federal Reserve Bank of Boston                              A/C Name:  Investors Bank & Trust Company
ABA #011001438 -                                            A/C#: 017195
Investors Bank & Trust Co. - Boston                         Cogent Capital Escrow - 4736811
Sub Account: #1020
FFC: (4736811 Cogent Capital Escrow)                    REGISTRATION INSTRUCTIONS FOR BROKER ACCOUNTS
                                                        ---------------------------------------------
                                                            Saturn & Co.  Tax ID No. 04-2457313
ACH TRANSFERS                                               IBT A/C #:   4736811
-------------
ABA # 011001438                                             Account Name: Cogent Capital Escrow
4736811                                                     Attn:  Trade Processing  TAD 58
Cogent Capital Escrow                                       P.O. Box 9130
                                                            Boston, MA  02117-9130
FED WIRE CASH TRANSFERS
{3400} Receiving Bank:                                  DTC ELIGIBLE  PHYSICAL CERTIFICATES INSTRUCTIONS
ABA number:  011001438                                      Depository Trust Company
Short Name:  Investors Bk Bos                               55 Water Street
ABA Lookup:  Investors Bank & Trust Co.                     New York Window - Concourse Level
                         Boston, MA                         New York, NY  10041
                                                            Attn: Participant # 2132 - IBT
{4100} Beneficiary's Bank:  569530395                       Attn: Robert Mendez
{4200} Beneficiary:  4736811                                IBT Acct #: 4736811
{4320} Reference for Beneficiary:  Cogent Capital
Escrow                                                           Note: Send all legal documentation (ex.
                                                        Stock powers) to the administrator at Investors
                                                        Bank & Trust via mail
--------------------------------------------------------------------------------------------------------
</TABLE>

                                       11EXHIBIT 10.7

                          REGISTRATION RIGHTS AGREEMENT

         THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is made and
entered into as of June __, 2005, by and between XSTREAM BEVERAGE GROUP, INC., a
Nevada corporation (the "Company"), and COGENT CAPITAL CORP. (the "Purchaser").

         This Agreement is made pursuant to certain agreements dated as of the
date hereof, by and between the Purchaser and the Company.

         The Company and the Purchaser hereby agree as follows:

         1.       Definitions. As used in this Agreement, the following terms
shall have the following meanings:

                  "Commission" means the Securities and Exchange Commission.

                  "Common Stock" means shares of the Company's common stock, par
value $0.001 per share.

                  "Effectiveness Period" shall have the meaning set forth in
Section 2(a).

                  "Exchange Act" means the Securities Exchange Act of 1934, as
amended, and any successor statute.

                  "Indemnified Party" shall have the meaning set forth in
Section 5(c).

                  "Indemnifying Party" shall have the meaning set forth in
Section 5(c).

                  "Proceeding" means an action, claim, suit, investigation or
proceeding (including, without limitation, an investigation or partial
proceeding, such as a deposition), whether commenced or threatened.

                  "Prospectus" means the prospectus included in the Registration
Statement (including, without limitation, a prospectus that includes any
information previously omitted from a prospectus filed as part of an effective
registration statement in reliance upon Rule 430A promulgated under the
Securities Act), as amended or supplemented by any prospectus supplement, with
respect to the terms of the offering of any portion of the Registrable
Securities covered by the Registration Statement, and all other amendments and
supplements to the Prospectus, including post-effective amendments, and all
material incorporated by reference or deemed to be incorporated by reference in
such Prospectus.

                  "Registrable Securities" means the 1,381,579 shares of Common
Stock issued to Purchaser.

<PAGE>

                  "Registration Statement" means each registration statement
required to be filed hereunder, including the Prospectus, amendments and
supplements to such registration statement or Prospectus, including pre- and
post-effective amendments, all exhibits thereto, and all material incorporated
by reference or deemed to be incorporated by reference in such registration
statement.

                  "Rule 144" means Rule 144 promulgated by the Commission
pursuant to the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission having
substantially the same effect as such Rule.

                  "Rule 415" means Rule 415 promulgated by the Commission
pursuant to the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission having
substantially the same effect as such Rule.

                  "Rule 424" means Rule 424 promulgated by the Commission
pursuant to the Securities Act, as such Rule may be amended from time to time,
or any similar rule or regulation hereafter adopted by the Commission having
substantially the same effect as such Rule.

                  "Securities Act" means the Securities Act of 1933, as amended,
and any successor statute.

                  "Trading Market" means any of the NASD OTCBB, NASDAQ SmallCap
Market, the Nasdaq National Market, the American Stock Exchange or the New York
Stock Exchange.

         2.       Registration.

                  (a) At the request of the Purchaser, the Company shall prepare
         and file with the Commission a Registration Statement covering the
         Registrable Securities for an offering to be made on a continuous basis
         pursuant to Rule 415. The Registration Statement shall be on Form SB-2
         (except if the Company is not then eligible to register for resale the
         Registrable Securities on Form SB-2, in which case such registration
         shall be on another appropriate form in accordance herewith). The
         Company shall cause the Registration Statement to become effective and
         remain effective as provided herein. The Company shall use its
         reasonable commercial efforts to cause the Registration Statement to be
         declared effective under the Securities Act as promptly as possible
         after the filing thereof. The Company shall use its reasonable
         commercial efforts to keep the Registration Statement continuously
         effective under the Securities Act until the date which is the earlier
         date of when (i) all Registrable Securities have been sold or (ii) all
         Registrable Securities may be sold immediately without registration
         under the Securities Act and without volume restrictions pursuant to
         Rule 144(k), as determined by the counsel to the Company pursuant to a
         written opinion letter to such effect, addressed and acceptable to the
         Company's transfer agent and the Purchaser (the "Effectiveness
         Period").

                  (b) The Company may defer the filing of the Registration
         Statement until the Company completes the registration process for any

                                       2
<PAGE>

         registration statement currently being reviewed by the Securities and
         Exchange Commission or subject to the registration rights of others
         which exist prior to the date of this Agreement.

                  (c) Within three business days of the Effectiveness Date, the
         Company shall cause its counsel to issue a blanket opinion in the form
         attached hereto as Exhibit A, to the transfer agent stating that the
         shares are subject to an effective registration statement and can be
         reissued free of restrictive legend upon notice of a sale by Purchaser
         and confirmation by Purchaser that it has complied with the prospectus
         delivery requirements, provided that the Company has not advised the
         transfer agent orally or in writing that the opinion has been
         withdrawn. Copies of the blanket opinion required by this Section 2(c)
         shall be delivered to Purchaser within the time frame set forth above.

         3.       Registration Procedures. If and whenever the Company is
required by the provisions hereof to effect the registration of any Registrable
Securities under the Securities Act, the Company will, as expeditiously as
possible:

                  (a) prepare and file with the Commission the Registration
         Statement with respect to such Registrable Securities, respond as
         promptly as possible to any comments received from the Commission, and
         use its best efforts to cause the Registration Statement to become and
         remain effective, and promptly provide, if requested, to the Purchaser
         copies of all filings and Commission letters of comment relating
         thereto;

                  (b) prepare and file with the Commission such amendments and
         supplements to the Registration Statement and the Prospectus used in
         connection therewith as may be necessary to comply with the provisions
         of the Securities Act with respect to the disposition of all
         Registrable Securities covered by the Registration Statement and to
         keep such Registration Statement effective until the expiration of the
         Effectiveness Period;

                  (c) furnish to the Purchaser such number of copies of the
         Registration Statement and the Prospectus included therein (including
         each preliminary Prospectus) as the Purchaser reasonably may request to
         facilitate the public sale or disposition of the Registrable Securities
         covered by the Registration Statement;

                  (d) use its commercially reasonable efforts to register or
         qualify the Purchaser's Registrable Securities covered by the
         Registration Statement under the securities or "blue sky" laws of such
         jurisdictions within the United States as the Purchaser may reasonably
         request, provided, however, that the Company shall not for any such
         purpose be required to qualify generally to transact business as a
         foreign corporation in any jurisdiction where it is not so qualified or
         to consent to general service of process in any such jurisdiction;

                  (e) list the Registrable Securities covered by the
         Registration Statement with any securities exchange on which the Common
         Stock of the Company is then listed;

                  (f) immediately notify the Purchaser at any time when a
         Prospectus relating thereto is required to be delivered under the

                                       3
<PAGE>

         Securities Act, of the happening of any event of which the Company has
         knowledge as a result of which the Prospectus contained in such
         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; and

                  (g) make available for inspection by the Purchaser and any
         attorney, accountant or other agent retained by the Purchaser, all
         publicly available, non-confidential financial and other records,
         pertinent corporate documents and properties of the Company, and cause
         the Company's officers, directors and employees to supply all publicly
         available, non-confidential information reasonably requested by the
         attorney, accountant or agent of the Purchaser.

         4.       Registration Expenses. All expenses relating to the Company's
compliance with Sections 2 and 3 hereof, including, without limitation, all
registration and filing fees, printing expenses, fees and disbursements of
counsel and independent public accountants for the Company, fees and expenses
(including reasonable counsel fees) incurred in connection with complying with
state securities or "blue sky" laws, fees of the NASD, transfer taxes, fees of
transfer agents and registrars are called "Registration Expenses." All selling
commissions applicable to the sale of Registrable Securities, including any fees
and disbursements of any special counsel to the Purchaser are called "Selling
Expenses." The Company shall only be responsible for all Registration Expenses
but not Selling Expenses.

         5.       Indemnification.

                  (a) In the event of a registration of any Registrable
         Securities under the Securities Act pursuant to this Agreement, the
         Company will indemnify and hold harmless the Purchaser, and its
         officers, directors and each other person, if any, who controls the
         Purchaser within the meaning of the Securities Act, against any losses,
         claims, damages or liabilities, joint or several, to which the
         Purchaser, or such persons may become subject under the Securities Act
         or otherwise, insofar as such losses, claims, damages or liabilities
         (or actions in respect thereof) arise out of or are based upon any
         untrue statement or alleged untrue statement of any material fact
         contained in any Registration Statement under which such Registrable
         Securities were registered under the Securities Act pursuant to this
         Agreement, any preliminary Prospectus or final Prospectus contained
         therein, or any amendment or supplement thereof, or arise out of or are
         based upon the omission or alleged omission to state therein a material
         fact required to be stated therein or necessary to make the statements
         therein not misleading, and will reimburse the Purchaser, and each such
         person for any reasonable legal or other expenses incurred by them in
         connection with investigating or defending any such loss, claim,
         damage, liability or action; provided, however, that the Company will
         not be liable in any such case if and to the extent that any such loss,
         claim, damage or liability arises out of or is based upon an untrue
         statement or alleged untrue statement or omission or alleged omission
         so made in conformity with information furnished by or on behalf of the
         Purchaser or any such person in writing specifically for use in any
         such document.

                  (b) In the event of a registration of the Registrable
         Securities under the Securities Act pursuant to this Agreement, the

                                       4
<PAGE>

         Purchaser will indemnify and hold harmless the Company, and its
         officers, directors and each other person, if any, who controls the
         Company within the meaning of the Securities Act, against all losses,
         claims, damages or liabilities, joint or several, to which the Company
         or such persons may become subject under the Securities Act or
         otherwise, insofar as such losses, claims, damages or liabilities (or
         actions in respect thereof) arise out of or are based upon any untrue
         statement or alleged untrue statement of any material fact which was
         furnished in writing by the Purchaser to the Company expressly for use
         in (and such information is contained in) the Registration Statement
         under which such Registrable Securities were registered under the
         Securities Act pursuant to this Agreement, any preliminary Prospectus
         or final Prospectus contained therein, or any amendment or supplement
         thereof, or arise out of or are based upon the omission or alleged
         omission to state therein a material fact required to be stated therein
         or necessary to make the statements therein not misleading, and will
         reimburse the Company and each such person for any reasonable legal or
         other expenses incurred by them in connection with investigating or
         defending any such loss, claim, damage, liability or action, provided,
         however, that the Purchaser will be liable in any such case if and only
         to the extent that any such loss, claim, damage or liability arises out
         of or is based upon an untrue statement or alleged untrue statement or
         omission or alleged omission so made in conformity with information
         furnished in writing to the Company by or on behalf of the Purchaser
         specifically for use in any such document. Notwithstanding the
         provisions of this paragraph, the Purchaser shall not be required to
         indemnify any person or entity in excess of the amount of the aggregate
         net proceeds received by the Purchaser in respect of Registrable
         Securities in connection with any such registration under the
         Securities Act.

                  (c) Promptly after receipt by a party entitled to claim
         indemnification hereunder (an "Indemnified Party") of notice of the
         commencement of any action, such Indemnified Party shall, if a claim
         for indemnification in respect thereof is to be made against a party
         hereto obligated to indemnify such Indemnified Party (an "Indemnifying
         Party"), notify the Indemnifying Party in writing thereof, but the
         omission so to notify the Indemnifying Party shall not relieve it from
         any liability which it may have to such Indemnified Party other than
         under this Section 5(c) and shall only relieve it from any liability
         which it may have to such Indemnified Party under this Section 5(c) if
         and to the extent the Indemnifying Party is prejudiced by such
         omission. In case any such action shall be brought against any
         Indemnified Party and it shall notify the Indemnifying Party of the
         commencement thereof, the Indemnifying Party shall be entitled to
         participate in and, to the extent it shall wish, to assume and
         undertake the defense thereof with counsel satisfactory to such
         Indemnified Party, and, after notice from the Indemnifying Party to
         such Indemnified Party of its election so to assume and undertake the
         defense thereof, the Indemnifying Party shall not be liable to such
         Indemnified Party under this Section 5(c) for any legal expenses
         subsequently incurred by such Indemnified Party in connection with the
         defense thereof; if the Indemnified Party retains its own counsel, then
         the Indemnified Party shall pay all fees, costs and expenses of such
         counsel, provided, however, that, if the defendants in any such action
         include both the indemnified party and the Indemnifying Party and the
         Indemnified Party shall have reasonably concluded that there may be
         reasonable defenses available to it which are different from or
         additional to those available to the Indemnifying Party or if the
         interests of the Indemnified Party reasonably may be deemed to conflict
         with the interests of the Indemnifying Party, the Indemnified Party
         shall have the right to select one separate counsel and to assume such

                                       5
<PAGE>

         legal defenses and otherwise to participate in the defense of such
         action, with the reasonable expenses and fees of such separate counsel
         and other expenses related to such participation to be reimbursed by
         the Indemnifying Party as incurred.

                  (d) In order to provide for just and equitable contribution in
         the event of joint liability under the Securities Act in any case in
         which either (i) the Purchaser, or any officer, director or controlling
         person of the Purchaser, makes a claim for indemnification pursuant to
         this Section 5 but it is judicially determined (by the entry of a final
         judgment or decree by a court of competent jurisdiction and the
         expiration of time to appeal or the denial of the last right of appeal)
         that such indemnification may not be enforced in such case
         notwithstanding the fact that this Section 5 provides for
         indemnification in such case, or (ii) contribution under the Securities
         Act may be required on the part of the Purchaser or such officer,
         director or controlling person of the Purchaser in circumstances for
         which indemnification is provided under this Section 5; then, and in
         each such case, the Company and the Purchaser will contribute to the
         aggregate losses, claims, damages or liabilities to which they may be
         subject (after contribution from others) in such proportion so that the
         Purchaser is responsible only for the portion represented by the
         percentage that the public offering price of its securities offered by
         the Registration Statement bears to the public offering price of all
         securities offered by such Registration Statement, provided, however,
         that, in any such case, (A) the Purchaser will not be required to
         contribute any amount in excess of the public offering price of all
         such securities offered by it pursuant to such Registration Statement;
         and (B) no person or entity guilty of fraudulent misrepresentation
         (within the meaning of Section 10(f) of the Act) will be entitled to
         contribution from any person or entity who was not guilty of such
         fraudulent misrepresentation.

         6.       Miscellaneous.

                  (a) Remedies. In the event of a breach by the Company or by
         Purchaser, of any of their respective obligations under this Agreement,
         Purchaser or the Company, as the case may be, in addition to being
         entitled to exercise all rights granted by law and under this
         Agreement, including recovery of damages, will be entitled to specific
         performance of its rights under this Agreement.

                  (b) Compliance. Purchaser covenants and agrees that it will
         comply with the prospectus delivery requirements of the Securities Act
         as applicable to it in connection with sales of Registrable Securities
         pursuant to the Registration Statement.

                  (c) Discontinued Disposition. Purchaser agrees by its
         acquisition of such Registrable Securities that, upon receipt of a
         notice from the Company of the occurrence of a Discontinuation Event
         (as defined below), Purchaser will forthwith discontinue disposition of
         such Registrable Securities under the applicable Registration Statement
         until such Purchaser's receipt of the copies of the supplemented
         Prospectus and/or amended Registration Statement or until it is advised
         in writing (the "Advice") by the Company that the use of the applicable

                                       6
<PAGE>

         Prospectus may be resumed, and, in either case, has received copies of
         any additional or supplemental filings that are incorporated or deemed
         to be incorporated by reference in such Prospectus or Registration
         Statement. The Company may provide appropriate stop orders to enforce
         the provisions of this paragraph. For purposes of this Section 6(c), a
         "Discontinuation Event" shall mean (i) when the Commission notifies the
         Company whether there will be a "review" of such Registration Statement
         and whenever the Commission comments in writing on such Registration
         Statement (the Company shall provide true and complete copies thereof
         and all written responses thereto to each Purchaser); (ii) any request
         by the Commission or any other Federal or state governmental authority
         for amendments or supplements to such Registration Statement or
         Prospectus or for additional information; (iii) the issuance by the
         Commission of any stop order suspending the effectiveness of such
         Registration Statement covering any or all of the Registrable
         Securities or the initiation of any Proceedings for that purpose; (iv)
         the receipt by the Company of any notification with respect to the
         suspension of the qualification or exemption from qualification of any
         of the Registrable Securities for sale in any jurisdiction, or the
         initiation or threatening of any Proceeding for such purpose; and/or
         (v) the occurrence of any event or passage of time that makes the
         financial statements included in such Registration Statement ineligible
         for inclusion therein or any statement made in such Registration
         Statement or Prospectus or any document incorporated or deemed to be
         incorporated therein by reference untrue in any material respect or
         that requires any revisions to such Registration Statement, Prospectus
         or other documents so that, in the case of such Registration Statement
         or Prospectus, as the case may be, it will not contain any untrue
         statement of a material fact or omit to state any material fact
         required to be stated therein or necessary to make the statements
         therein, in light of the circumstances under which they were made, not
         misleading.

                  (d) Piggy-Back Registrations. If at any time during the
         Effectiveness Period there is not an effective Registration Statement
         covering all of the Registrable Securities and the Company shall
         determine to prepare and file with the Commission a registration
         statement relating to an offering for its own account or the account of
         others under the Securities Act of any of its equity securities, other
         than on Form S-4 or Form S-8 (each as promulgated under the Securities
         Act) or their then equivalents relating to equity securities to be
         issued solely in connection with any acquisition of any entity or
         business or equity securities issuable in connection with stock option
         or other employee benefit plans, then the Company shall send to
         Purchaser written notice of such determination and, if within fifteen
         days after receipt of such notice, if Purchaser shall so request in
         writing, the Company shall include in such registration statement all
         or any part of such Registrable Securities, provided the Company may do
         so without violating registration rights of others which exist as of
         the date of this Agreement, subject to customary underwriter cutbacks
         applicable to all holders of registration rights and subject to
         obtaining any required consent currently in existence of any selling
         stockholder(s) to such inclusion under such registration statement.

                  (e) Amendments and Waivers. The provisions of this Agreement,
         including the provisions of this sentence, may not be amended, modified
         or supplemented, and waivers or consents to departures from the
         provisions hereof may not be given, unless the same shall be in writing
         and signed by the Company and Purchaser.

                                       7
<PAGE>

                  (f) Notices. Any notice or request hereunder may be given to
         the Company or Purchaser at the respective addresses set forth below or
         as may hereafter be specified in a notice designated as a change of
         address under this Section 6(f). Any notice or request hereunder shall
         be given by registered or certified mail, return receipt requested,
         hand delivery, overnight mail, Federal Express or other national
         overnight next day carrier (collectively, "Courier") or telecopy
         (confirmed by mail). Notices and requests shall be, in the case of
         those by hand delivery, deemed to have been given when delivered to any
         party to whom it is addressed, in the case of those by mail or
         overnight mail, deemed to have been given three (3) business days after
         the date when deposited in the mail or with the overnight mail carrier,
         in the case of a Courier, the next business day following timely
         delivery of the package with the Courier, and, in the case of a
         telecopy, when confirmed. The address for such notices and
         communications shall be as follows:

                  If to the Company:        Xstream Beverage Group, Inc.
                                            4800 N.W. 15th Avenue, Bay 1-A,
                                            Fort Lauderdale, Florida 33308
                                            Attention:        Jerry Pearring
                                            Facsimile:        954-598-7996

                  If to Purchaser:          Cogent Capital Corp.
                                            11444 South 1780 East
                                            Sandy, Utah 84092
                                            Attention:        Gregory L. Kofford
                                            Facsimile:        801-576-0583

         or such other address as may be designated in writing hereafter in
         accordance with this Section 6(f) by such Person.

                  (g) Successors and Assigns. This Agreement shall inure to the
         benefit of and be binding upon the successors and permitted assigns of
         each of the parties and shall inure to the benefit of Purchaser. The
         Company may not assign its rights or obligations hereunder without the
         prior written consent of Purchaser. Purchaser may assign its respective
         rights hereunder with the prior written consent of the Company, which
         consent shall not be unreasonably withheld.

                  (h) Execution and Counterparts. This Agreement may be executed
         in any number of counterparts, each of which when so executed shall be
         deemed to be an original and, all of which taken together shall
         constitute one and the same Agreement. In the event that any signature
         is delivered by facsimile transmission, such signature shall create a
         valid binding obligation of the party executing (or on whose behalf
         such signature is executed) the same with the same force and effect as
         if such facsimile signature were the original thereof.

                  (i) Governing Law. All questions concerning the construction,
         validity, enforcement and interpretation of this Agreement shall be
         governed by and construed and enforced in accordance with the internal
         laws of the State of Nevada, without regard to the principles of
         conflicts of law thereof.

                                       8
<PAGE>

                  (j) Cumulative Remedies. The remedies provided herein are
         cumulative and not exclusive of any remedies provided by law.

                  (k) Severability. If any term, provision, covenant or
         restriction of this Agreement is held by a court of competent
         jurisdiction to be invalid, illegal, void or unenforceable, the
         remainder of the terms, provisions, covenants and restrictions set
         forth herein shall remain in full force and effect and shall in no way
         be affected, impaired or invalidated, and the parties hereto shall use
         their reasonable efforts to find and employ an alternative means to
         achieve the same or substantially the same result as that contemplated
         by such term, provision, covenant or restriction. It is hereby
         stipulated and declared to be the intention of the parties that they
         would have executed the remaining terms, provisions, covenants and
         restrictions without including any of such that may be hereafter
         declared invalid, illegal, void or unenforceable.

                  (l) Headings. The headings in this Agreement are for
         convenience of reference only and shall not limit or otherwise affect
         the meaning hereof.

         IN WITNESS WHEREOF, the parties have executed this Registration Rights
Agreement as of the date first written above.

                                               XSTREAM BEVERAGE GROUP, INC.

                                               By:
                                                  ---------------------------
                                                     Barry H. Willson
                                                     Vice Chairman

                                               COGENT CAPITAL CORP.

                                               By:
                                                  ---------------------------
                                                     Gregory L. Kofford
                                                     President

                                       9

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