Document:

Exhibit 10.4

================================================================================
                       U.S. Small Business Administration

SBA                    NOTE
================================================================================

--------------------------------------------------------------------------------
SBA LOAN #                PLP 410-837-4001
--------------------------------------------------------------------------------
SBA Loan Name             ORIGINAL BEVERAGE CORPORATION
--------------------------------------------------------------------------------
Date                      December 11, 2000
--------------------------------------------------------------------------------
Loan Amount               $ 168,000.00
--------------------------------------------------------------------------------
Interest Rate             Variable
--------------------------------------------------------------------------------
Borrower                  ORIGINAL BEVERAGE CORPORATION
--------------------------------------------------------------------------------
Operating Company
--------------------------------------------------------------------------------
Lender                    U.S. Bank National Association
--------------------------------------------------------------------------------

1. PROMISE TO PAY:

In return for the Loan, Borrower promises to pay to the order of Lender the
amount of One Hundred Sixty Eight Thousand & 00/100 Dollars, interest on the
unpaid principal balance, and all other amounts required by this Note.

2. DEFINITIONS:

"Collateral" means any properly taken as security for payment of this Note or
any guarantee of this Note.

"Guarantor" means each person or entity that signs a guarantee of payment of
this Note.

"Loan" means the loan evidenced by this Note.

"Loan Documents" means the documents related to this loan signed by Borrower,
any Guarantor, or anyone who pledges collateral.

"SBA" means the Small business Administration, an Agency of the United States of
America.

3. PAYMENT TERMS:

Borrower must make all payments at the place Lender designates. The payment
terms for this Note are:

This Note will mature in 25 years from date of Note. The interest rate on this
Note will fluctuate. The initial Interest rate is 10.60% per year. This initial
rate is the prime rate on the date SBA received the loan application, plus
1.00%. The initial interest rate must remain in effect until the first change
period begins. Borrower must pay a total of 9 payments of interest only on the
disbursed balance beginning one month from the month of initial disbursement on
this Note and every month thereafter; payments must be made on the second
calendar day in the months they are due. Borrower must pay principal and
interest payments of $1,997.00 every month beginning ten months from the month
of initial disbursement on this Note; payments must be made on the second
calendar day in the months they are due. Lender will apply each installment
payment first to pay interest accrued to the day Lender receives the payment,
then to bring principal current, then to pay any late fees, and will apply any
remaining balance to reduce principal, The Interest rate will

SBA Form 147 (10122/98) Previous editions obsolete

<PAGE>

12-11-2000                          PROMISSORY NOTE                      PAGE 2
LOAN NO 6517299336                    (CONTINUED)
================================================================================

be adjusted monthly (the "change period ").

The "Prime Rate" is the prime rate In effect on the first business day of the
month in which an interest rate Change occurs, as published in the Wall Street
Journal on the next business day. The adjusted Interest rate will be 1.00% above
the Prime Rate. Lender will adjust the interest rate on the first calendar day
of each change period. The change in interest rate is effective on that day
whether or not Lender gives Borrower notice of the change. The Initial Interest
rate must remain In effect until the first change period begins.

Lender must adjust the payment amount at least annually as needed to amortize
principal over the remaining term of the note. If BSA purchases the guaranteed
portion of the Unpaid principal balance, the interest rate becomes fixed at the
rate in effect at the time of the earliest uncured payment default, if there is
no uncured payment default, the rate becomes fixed at the rate in effect at the
time of purchase.

Prepayment Charge: In addition to any other fees referenced in this Note, when,
in any one year, a Borrower voluntarily prepays more than 25% Of the outstanding
principal balance of the loan, the Borrower must pay to Lender an behalf of BSA
a prepayment fee as follows:

a.    During the first year after the date an which the loan is first disbursed,
      5% of the prepayment amount;

b.    During the second year after the date on which the loan is first
      disbursed, 3% of the prepayment amount;

c.    During the third year after the date on which the loan is first disbursed,
      1 % of the prepayment amount.

All remaining principal and accrued Interest is due and payable 20 years from
date of Note.

Late Charge: If a payment on this Note is more than 10 days late, Lender may
charge Borrower a late fee of up to 5% of the unpaid portion of 1he regularly
scheduled payment.

4. RIGHT TO PREPAY:

Borrower May prepay this Note. Borrower may prepay 20 percent or less of the
unpaid principal balance at any time without notice. If Borrower prepays more
than 20 percent and the Loan has been sold on the secondary market, Borrower
must:

      A.    Give Lender written notice:

      B.    Pay all accrued interest; and

      C.    If the prepayment is received less than 21 days from the date Lender
            receives the notice, pay an amount equal to 21 days' interest from
            the date Lender receives the notice, less any interest accrued
            during the 21 days and paid under subparagraph B.

If Borrower does not prepay within 60 days from the date Lender receives the
notice, Borrower must give Lender a new notice.

5. DEFAULT:

Borrower is in default under this Note if Borrower does not make a payment when
due under this Note, or if Borrower or Operating Company:

      A.    Fails to do anything required by this Note and other Loan Documents;

      B.    Defaults on any other loan with Lender;

      C.    Does not preserve, or account to Lender's satisfaction for, any of
            the Collateral or its proceeds;

      D.    Does not disclose, or anyone acting on their behalf does not
            disclose, any material fact to Lender or SBA;

      E.    Makes, or anyone acting on their behalf makes, a materially false or
            misleading representation to Lender or SBA;

      K.    Defaults on any loan or agreement with another creditor, if Lender
            believes the default may materially affect

      G.    Fails to pay any taxes when due;

      H.    Becomes the subject of a proceeding under any bankruptcy or
            insolvency law;

      I.    Has a receiver or liquidator appointed for any part of their
            business or property:

      J.    Makes an assignment for the benefit of creditors;

      K.    Has any adverse change in financial condition or business operation
            that Lender believes may materially affect Borrower's ability to pay
            this Note;

      L.    Reorganizes, merges, consolidates, or otherwise changes ownership or
            business structure without Lender's prior written consent; or

<PAGE>

12-11-2000                          PROMISSORY NOTE                      PAGE 3
LOAN NO 6517299336                    (CONTINUED)
================================================================================

      M.    Becomes the Subject of a civil or criminal action that Lender
            believes may materially affect Borrower's ability to pay this Note.

6. LENDER'S RIGHTS IF THERE IS A DEFAULT:

Without notice or demand and without giving up any of its rights, Lender may:

      A.    Require immediate payment of all amounts owing under this Note;

      B.    Collect all amounts owing from any Borrower or Guarantor;

      C.    File suit and obtain judgment;

      D.    Take possession of any Collateral; or

      E.    Sell, lease, or otherwise dispose of, any Collateral at public or
            private sale, with or without advertisement.

7. LENDER'S GENERAL POWERS:

Without notice and without Borrower's consent, Lender may:

      A.    Bid on or buy the Collateral at its sale or the SALE of another
            lienholder, at any price it chooses;

      B.    Incur expenses to collect amounts due under this Note, enforce the
            terms of this Note or any other Loan Document, and preserve or
            dispose of the Collateral. Among other things, the expenses may
            include payments for property taxes, prior liens, insurance,
            appraisals, environmental remediation costs, and reasonable
            attorney's fees and costs, if Lender incurs such expenses, it may
            demand immediate repayment from Borrower or add the expenses to the
            principal balance;

      C.    Release anyone obligated to pay this Note;

      D.    Compromise, release, renew, extend or substitute any of the
            Collateral; and

      E.    Take any action necessary to protect the Collateral or collect
            amounts owing on this Note.

8. WHEN FEDERAL LAW APPLIES:

When SBA is the holder, this Note will be interpreted and enforced under federal
law, including SBA regulations, Lender or SBA may use state or local procedures
for filing papers, recording documents, giving notice, foreclosing liens, and
other purposes. By using such procedures, SBA does not waive any federal
immunity from state or local control, penalty, tax, or liability. As to this
Note, Borrower may not claim or assert against 83A any local or state law to
deny any obligation. Defeat any claim of SBA, or preempt federal law.

9. SUCCESSORS AND ASSIGNS:

Under this Note, Borrower and Operating Company include the successors of each,
and Lender includes its successors and assigns.

10. GENERAL PROVISIONS:

      A.    All individuals and entities signing this Note are jointly and
            severally liable.

      B.    Borrower waives all surety ship defenses.

      C.    Borrower must sign all documents necessary at any time to comply
            with the Loan Documents and to enable Lender to acquire, perfect, or
            maintain Lender's liens on Collateral.

      D.    Lender may exercise any of its rights separately or together, as
            many times and in any order it chooses. Lender may delay or forgo
            enforcing any of its rights without giving up any of them.

      E.    Borrower may not use an oral statement of Lender or SBA to
            contradict or alter the written terms of this Note.

      F.    If any part of this Note is unenforceable, all other parts remain in
            effect.

      G.    To the extent allowed by law, Borrower waives all demands and
            notices in connection with this Note, including presentment, demand,
            protest, and notice of dishonor, Borrower also waives any defenses
            based upon any claim that Lender did not obtain any guarantee; did
            not obtain, perfect, or maintain a lien upon Collateral; impaired
            Collateral; or did not obtain the fair market value of Collateral at
            a sale.

<PAGE>

12-11-2000                          PROMISSORY NOTE                      PAGE 4
LOAN NO 6517299336                    (CONTINUED)
================================================================================

11. STATE-SPECIFIC PROVISIONS:

Borrower acknowledges this Note is secured by a Deed of Trust in favor of Lender
on real property located in Los Angeles County, State of California. That Deed
of Trust contains the following due-on-sale provision:

DUE ON SALE - CONSENT BY LENDER. Lender may, at its option, declare immediately
due and payable all sums secured by this Note upon the SALE or transfer, without
the Lender's prior written consent, of all or any part of the Real Property, or
any interest in the Real Property. A "sale or transfer" means the conveyance of
Real Property or any right, title or interest therein; whether legal, beneficial
or equitable; whether voluntary or involuntary; whether by outright sale, deed,
installment sale contract, land contract, contract for deed, leasehold interest
WITH A term greater than three (3) years, lease-option contract, or by sale,
assignment, or transfer of any beneficial interest in or to any land trust
holding title to the Real Property, or by any other method of conveyance of Real
Property interest. If any Trustor is a corporation, partnership or limited
liability company, transfer also includes any change in ownership of more than
twenty-five percent (25%) of the voting stock, partnership interests or limited
liability company interests, as the case may be, of Trustor. However, this
option SHALL not be exercised by Lender if such exercise is prohibited by
applicable law.

12. BORROWER'S NAME(S) AND SIGNATURE(S):

By signing below, each individual or entity becomes obligated under this Note as
Borrower.

                                        BORROWER:

                                        ORIGINAL BEVERAGE CORPORATION

                                        By: /s/ Christopher J. Reed
                                            ------------------------------------
                                            Christopher J. Reed
                                            President

                                        By: /s/ Judie Holloway Reed
                                            ------------------------------------
                                            Judie Holloway Reed
                                            SecretaryExhibit 10.5

                                 PROMISSORY NOTE
$ 150,000.00                                                 SEPTEMBER 28, 2004

FOR VALUE RECEIVED, Reed's Inc. , a Delaware Corporation ("Borrower"), promises
to pay to the order of BAY BUSINESS CREDIT, a California Corporation, at the
place from time to time designated by the holder hereof, the principal sum of
One Hundred and Fifty Thousand Dollars and no cents ($150,000.00) together with
interest thereon at the times and at the rate specified herein.

Principal of this Note shall bear interest until payment in full (computed on
the decreasing balance of the principal sum and on the basis of a three hundred
sixty (360) day year) at Comerica Bank-California prime plus "prime rate") as
from 10 %. Should there be any change in the so-called reference rate (sometimes
known as time to time announced by Comerica Bank-California, or such other rate
as Comerica Bank-California may substitute therefore from the rate on the date
of this agreement, the rate of interest charged to us shall be changed by a like
amount. The rate of interest charged to us shall not however at any time be less
than 12% per annum.

Principal and interest of this Note shall be paid in installments as follows:

      All interest shall be paid monthly and shall be due commencing on June 1,
2003 and continuing thereafter on the first of each month. Principal shall be
payable in installments of Four Thousand Dollars ($ 4,000.00 ) starting on
November 1, 2004 and continuing on the first of each month until paid in full.

Interest charges and any other charges provided for herein may be added when due
to the principal amount and shall thereafter be subject to interest charges. A
written statement of the interest accrued and due on the aforementioned monthly
basis shall be made by the holder hereof and sent to Borrower for each month
during the term of this obligation. Payment shall be made by Borrower within ten
(10) days of receipt of each written statement, or on the lst day of each
respective calendar month, which ever first occurs. Payments not timely received
by the holder hereof shall be assessed a late charge equal to ten percent (10%)
of the installment due under the written statement sent for said payment. This
charge is the result of a reasonable effort by Borrower and holder hereof to
estimate the additional cost to the holder resulting from the Borrower's failure
to make timely payments under the Note, and Borrower agrees that this charge
shall be presumed to be the amount of damage sustained by the holder, since it
is extremely difficult to determine the actual amount required to reimburse the
holder for such damage.

The occurrence of any of the following events shall, at the option of the holder
of this Note, make all sums of interest and principal under this Note
immediately due and payable without notice of default, presentment or demand for
payment, protest or notice of nonpayment or dishonor, or other notices or
demands of any kind or character, all of which are waived by Borrower:

      Failure to make any payment when due of any part or installment of
      interest or principal. Any default in any other agreement between Borrower
      and Bay Business Credit.

This Note is secured by various security agreements given by the maker to Bay
Business Credit on May 29, 2003. Borrower agrees to pay all costs of collection
including reasonable attorney's fees.

                                        Reed's Inc.

                                        /s/ Christopher Reed
                                        ----------------------------------------
                                        Christopher Reed, President

Los Angeles,   CA

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00078-of-00352.parquet"}]]