Document:

EXHIBIT 10.4

                             ASSIGNMENT OF TRADEMARK
                             -----------------------

         This ASSIGNMENT OF TRADEMARK is made as of this 14th day of January,
2004 ("Effective Date"), by and between XSTREAM BRANDS, INC., a Florida
corporation with its principal place of business at 4800 N.W. 15th Avenue, Bay
1-A, Ft. Lauderdale, FL 33308 ("Assignee") and SQUEEZE BEVERAGES, INC., a
Massachusetts corporation with its principal place of business at Deer Ridge
Run, P.O. Box 641, Williamstown, MA 01267 ("Assignor").

                                    RECITALS

         WHEREAS Assignor hereby agrees to sell, transfer and assign the Mark
"SQUEEZE" for carbonated flavored soft drinks and seltzer water, and related
common law rights to that mark, subject to the terms and conditions of this
Agreement.

         WHEREAS Assignee hereby agrees to purchase the Mark "SQUEEZE" for
carbonated flavored soft drinks and seltzer water, subject to the terms and
conditions of this Agreement.

         NOW, THEREFORE, for the good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged and described more particularly
herein, Assignor and Assignee, intending to be legally bound, agree as follows:

         INCORPORATION OF RECITALS The recitals set forth above are expressly
incorporated herein by reference in their entireties to form part of the terms
and conditions of this Agreement.

                                   ARTICLE I
                            ASSIGNMENT OF TRADEMARKS

         SECTION 1.1 ASSIGNMENT. Assignor desires to transfer to Assignee all of
his rights and interests in the Mark "SQUEEZE" for carbonated flavored soft
drinks and seltzer water, including all variations thereof such as any spelling,
formatives, phonetic variations and stylized designs of the same, and including,
but not limited to (i) Application Serial No. 74/489089 for the Mark "SQUEEZE"
for "carbonated flavored soft drinks and seltzer water", now pending before the
United States Patent and Trademark Office, (ii) Registration No. 1,955,605 for
the Mark "SQUEEZE" for "carbonated flavored soft drinks and seltzer water", now
registered in the United States Patent and Trademark Office, and (iii) all
goodwill associated therewith (the "Marks"). Assignor has agreed to sell and has
hereby sold, assigned, and transferred unto Assignee, including its successors,
assigns, heirs and administrators, all of Assignor's individual and jointly held
rights, title and interests in and to the Marks and the application thereof,
including any confusingly similar marks and the right to sue for damages for all
past infringements occurring prior to the effective date of this Assignment, and
to any and all marks and registrations which may evolve therefrom; and including
all goodwill associated with the Marks transferred hereby. Assignee hereby
accepts the assignment of the Marks from Assignor.

         Assignor also assigns all of its individual and jointly held rights,
title and interests in and to the Marks in all foreign countries, and all
applications for registration of the Marks in foreign

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countries and any registration(s) which may evolve therefrom, including the
right to claim International Convention priority.

         SECTION 1.2 ABBREVIATED ASSIGNMENT EXHIBIT. Assignor shall execute the
abbreviated assignment document shown in Exhibit A to this Agreement, which will
permit Assignee to request recordal of the assignments made herein without
making of record the entire Agreement between the parties.

         SECTION 1.3 WAIVER. Assignor shall not, at any time, contest the
validity of the Marks, or take any action that would impair the value of the
Marks. Without limitation of the foregoing, Assignor expressly represents and
warrants that it shall not resume use of the Marks, or any word or symbol that
is confusingly similar to the Marks or a colorable imitation thereof.

                                   ARTICLE II
                         REPRESENTATIONS AND WARRANTIES

         SECTION 2.1 TITLE TO ASSETS. Assignor has full power and authority to
own the Marks and Application ("Assets") and good and marketable title to the
Assets covered by this Agreement. Assignor's title to the Assets are free and
clear of any liens, encumbrances, or other defects.

         SECTION 2.2 AUTHORITY TO SELL. Assignor has full power and authority to
own the Assets and has complied with all the requirements of any applicable law
of the States of Florida and Massachusetts relative to the sale of the Assets
described in this Agreement and of the consents and approvals that may be
required by law or by agreements to which Assignors may be a party will be
obtained.

         SECTION 2.3 LIABILITIES. There are no other liabilities to which
Assignor or its Assets are subject.

         SECTION 2.4 LITIGATION. There is now no litigation pending against
either Assignor of which it or its officers are aware that will, might, or could
affect consummation of the transfer of title of the Assets in good and
marketable condition to Assignee and Assignor is not aware of any threatened
litigation which may affect the consummation of the conveyance described in this
Agreement.

         SECTION 2.5 CORPORATE ACTION. All necessary corporate action has been
taken by Assignor to authorize the execution, delivery and performance of this
Assignment, which has been duly and validly authorized, executed and delivered
by Assignor and constitutes the valid and binding obligation of Assignor
enforceable against them.

         SECTION 2.6 CONSENTS. All consents and approval required for
transferring the Assets hereunder have been obtained or will be obtained. No
consent of any court, governmental agency or other public authority is required
as a condition to the enforceability of this assignment.

         SECTION 2.7 NO ENCUMBRANCE. Assignor acknowledges that the Assets being
transferred are not encumbered by any liens or the subject matter of any known
or anticipated

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litigation. Assignor further acknowledges and agrees that the consideration paid
by Assignee for the Assets is fair and adequate consideration.

         SECTION 2.8 NO INFRINGEMENT. Assignor has not received any notice that
it is infringing upon the research, development, processes, methods, techniques,
inventions, know how, patents, patent rights, trade name, trademarks and service
marks of any other party.

         SECTION 2.9 CONTINUED USE. Assignor represents that it, together with
and through its predecessors-in-interest, has adopted and continuously used the
Marks, since at least as early as October 31, 1937, to indentify carbonated
flavored soft drinks and seltzer water.

         SECTION 2.10 CONSENT TO REGISTRATION. Assignor acknowledges that it
entered into a Consent to Registration on January 17, 1995 with Crystal Geyser
Water Company and this agreement is valid and in full force and effect. A copy
of the Consent to Registration Agreement is attached hereto and made a part
hereof as Exhibit "B".

                                  ARTICLE III
                         FURTHER ACTIONS BY THE ASSIGNOR

         SECTION 3.1 ACTIONS BY ASSIGNOR.Assignor, without the payment of any
additional consideration, agrees to execute any other documents or to provide
any further materials or documentation necessary in order to fulfill the
provisions of or the purpose of this Assignment or to substantiate Assignee's
use and ownership of the Marks.

                                   ARTICLE IV
                                 PURCHASE PRICE

         SECTION 4.1 PURCHASE. At Closing, Assignee agrees to deliver four
hundred thousand (400,000) shares of restricted common stock ("Restricted
Stock") of Xstream Beverage Group, Inc. ("XSBG"), par value 0.001, to Assignor
in exchange for the assignment of the Marks, that are the subject of this
Agreement. Assignor agrees to execute the Investment Letter, a copy of which is
attached hereto and made a part hereof as Exhibit "C".

         SECTION 4.2 PIGGY-BACK REGISTRATION. XSBG agrees to grant "piggy-back"
registration rights in connection with the Restricted Stock referenced in
Section 4.1 above as follows: If at any time or from time to time, XSBG shall
decide to register any of its common stock, either for its own account or the
account of a security holder or holders (except in an S-8 registration), in a
registration statement covering the sale of XSBG's common stock under the
Securities Act of 1933, as amended, XSBG will: (1) promptly give to Assignor
written notice thereof; and (2) include in such registration statement (and any
related qualification under blue sky laws) all the Restricted Stock specified in
a written request, made within fifteen (15) days after receipt of such written
notice from XSBG, except as set forth in Section 4.3 below.

         SECTION 4.3 UNDERWRITING. In the event that the registration statement
filed pursuant to Section 4.2 shall be for an underwritten public offering, the
Assignor's piggy-back registration rights pursuant to Section 4.2 above shall be
conditioned upon the Assignor entering into an underwriting agreement in
customary form with the managing underwriter or underwriters

                                       3
<PAGE>

selected for such underwriting by XSBG. Notwithstanding any other provision of
this Section 4.3, if the managing underwriter determines that marketing factors
require a limitation of the number of shares to be underwritten, the managing
underwriter may limit the number of Restricted Stock to be included in the
registration and underwriting, or may exclude the Restricted Stock entirely from
such registration and underwriting. XSBG shall so advise the Assognor and the
number of shares of Restricted Stock that may be included in the registration
and underwriting shall be allocated among the Assignor and any other selling
shareholders in proportion (excluding warrants or their equivalent issued to the
underwriter of a registered public offering which may be included in their
entirety), as nearly as practicable, to the respective amounts of securities
entitled to inclusion in such registration held by the Assignor and such selling
shareholders at the time of filing the registration statement. If the Assignor
disapproves of the terms of any such underwriting, it may elect to withdraw
therefrom by written notice to XSBG and the underwriter. Any Restricted Stock
excluded or withdrawn from such underwriting shall not be transferred in a
public distribution prior to 90 days after the effective date of the
registration statement relating thereto.

                                   ARTICLE V
                                  MISCELLANEOUS

         SECTION 5.1 NOTICES All notices relating to this Agreement must be in
writing and delivered either in person or by certified mail or registered mail,
postage prepaid, return receipt requested, to the person(s) and address
specified on the first page of this Agreement or such updated address as either
party may subsequently designate by notice in writing. Notice shall be effective
immediately upon receipt.

         SECTION 5.2 ENTIRE AGREEMENT AND AMENDMENT This Agreement supersedes
all prior discussions and agreements between the parties with respect to the
subject matter hereof and contains the sole and entire agreement between the
parties hereto with respect to the subject matter hereof. This Agreement may be
amended, supplemented or modified only by a written instrument duly executed by
or on behalf of the Assignor and the Assignee. The terms and provisions of this
Agreement are intended solely for the benefit of each party hereto and their
respective successors or permitted assigns, and it is not the intention of the
parties to confer third-party beneficiary rights, and this Agreement does not
confer any such rights, upon any other person.

         SECTION 5.3 EXPENSES Except as otherwise provided in this Agreement,
each party will pay its own costs and expenses incurred in connection with this
Agreement and the transactions contemplated hereby.

         SECTION 5.4 CUMULATIVE REMEDIES The rights, remedies, powers and
privileges herein provided are cumulative and not exclusive of any rights,
remedies, powers and privileges provided by law.

         SECTION 5.5 HEADINGS AND REFERENCES Headings are included solely for
convenience, are not themselves to be considered a part of the terms and
conditions of this Agreement and are

                                       4
<PAGE>

not intended to be full and accurate descriptions of the contents thereof. Any
reference to a paragraph shall be construed to refer to all subparts and/or
other portions of that paragraph.

         SECTION 5.6 WAIVER Any term or condition of this Agreement may be
waived at any time by the party that is entitled to the benefit thereof, but no
such waiver shall be effective unless set forth in a written instrument duly
executed by or on behalf of the party waiving such term or condition.

         SECTION 5.7 BINDING EFFECT This Agreement nor any right, interest or
obligation hereunder may be assigned (by operation of law or otherwise) by the
Assignor or the Assignee without the prior written consent of the Assignor or
the Assignee, and any attempt to do so will be void. Subject to the preceding
sentence, this Agreement is binding upon, inures to the benefit of and is
enforceable by the parties hereto and their respective heirs, executors,
personal representatives, successors and assigns.

         SECTION 5.8 SEVERABILITY If any provision of this Agreement is held to
be illegal, invalid or unenforceable under any present or future law, and if the
rights or obligations of any party hereto under this Agreement will not be
materially and adversely affected thereby, (a) such provision will be fully
severable, (b) this Agreement will be construed and enforced as if such illegal,
invalid or unenforceable provision had never comprised a part hereof, (c) the
remaining provisions of this Agreement will remain in full force and effect and
will not be affected by the illegal, invalid or unenforceable provision or by
its severance here from and (d) in lieu of such illegal, invalid or
unenforceable provision, there will be added automatically as a part of this
Agreement a legal, valid and enforceable provision as similar in terms to such
illegal, invalid or unenforceable provision as may be possible.

         SECTION 5.9 GOVERNING LAW, JURISDICTION AND VENUE The validity,
construction and performance of this Agreement, and the legal relations between
the parties to this Agreement, each shall be governed by and construed in
accordance with the laws of the State of Florida (excluding that body of law
applicable to choice of laws). Each of the parties hereby agrees that, except
for any appeals, the sole and exclusive venue for any and all disputes relating
to this Agreement, its making, construction, validity, enforceability and/or
performance shall be in the state courts sitting in Broward County, Florida
and/or the United States District Court for the Southern District of Florida and
each hereby voluntarily consents to the personal jurisdiction of said courts and
waives any and all objections to such personal jurisdiction and/or venue.

         SECTION 5.10 CONSTRUCTION The parties hereto intend that each
representation, warranty, and covenant contained herein shall have independent
significance. If any party has breached any representation, warranty or covenant
contained herein in any respect, the fact that there exists another
representation, warranty or covenant relating to the same subject matter
(regardless of the relative levels of specificity) that the party has not
breached shall not detract from or mitigate the fact that the party is in breach
of the first representation, warranty or covenant.

         SECTION 5.11 COUNTERPARTS This Agreement may be executed by the parties
in one or more counterparts, each of which when so executed shall be deemed an
original hereof and all of

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which, individually and collectively, shall constitute one single contract
between the parties.This Agreement may be executed and delivered via facsimile
transmission.

         SECTION 5.12 INDEMNIFICATION BY ASSIGNOR. Assignor shall defend,
indemnify and hold harmless Assignee under this Agreement from and against any
and all claims losses, costs, liabilities and expenses, including reasonable
fees of attorneys and other professionals, arising out of or related to any
breach or claimed breach of any of Assignor's representations and warranties
contained in Article II above. Assignee agrees to provide to Assignor prompt
written notice of any third party claim covered by the foregoing indemnity that
is made against and received by Assignee and to provide Assignor with such
reasonable cooperation and assistance as Assignor may request from time to time
in the defense or settlement thereof.

         SECTION 5.13 FORCE MAJEURE Neither of the parties shall be responsible
for failure to fulfill its obligations under this Agreement due to causes beyond
its reasonable control, including but not limited to failure of non parties to
furnish equipment, software, parts or labor, war, sabotage, insurrection, riots,
civil disobedience and the like, acts of governments and agencies thereof, labor
disputes, accidents, fires or Acts of God. In such event, the delayed party
shall perform its obligations hereunder within a reasonable time after the cause
of the failure has been remedied, and the other party shall be obligated to
accept such delayed performance. During any period that performance of its
obligations by one party is delayed or suspended pursuant to this Paragraph
6.13, the performance of the obligations of the other party shall be similarly
delayed or suspended, including, without limitation, any obligation of a party
to pay money owed based on delayed performance of obligations of the other
party.

         SECTION 5.14 VOLUNTARY AGREEMENT/REVIEW The parties each acknowledge,
represent and warrant that they have reviewed and understand this Agreement in
its entirety and that they have entered into this Agreement freely and
voluntarily.

         SECTION 5.15 NO JOINT VENTURE Neither party is and neither party shall
represent itself to be the agent, employee, franchise, joint venturer, officer
or partner of the other party. Nothing herein contained shall be construed to
place the parties in the relationship of partners or joint venturers, and
neither party shall have the power to obligate or bind the other party in any
manner whatsoever.

         SECTION 5.16 CONFIDENTIALITY OF AGREEMENT. Each party agrees to keep
confidential and not to disclose to any third party the terms and conditions of
this Agreement or the fact that the parties have entered into this Agreement;
provided, however, that each party may disclose the terms and conditions of this
Agreement (i) in confidence, to its banks, lawyers, accountants, other
professional advisors, and potential investors, (ii) in connection with its
enforcement of rights under this Agreement, and (iii) as may be required by law.

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the day and year first above written.

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<PAGE>

                                            ASSIGNOR:  SQUEEZE BEVERAGES, INC.

                                                By:
                                                    ---------------------------

                                                Print:
                                                      -------------------------

                                                Title:
                                                      -------------------------

                                                Date:
                                                     --------------------------

         Before me personally appeared the individual signing on behalf of
Assignor, known to me or proved to me on the basis of satisfactory evidence to
be the person who represents the Assignor subscribed to in this Agreement, and
acknowledged that he/she executed the same.

------------------------------
Notary Public

                          ASSIGNEE: XSTREAM BRANDS, INC

                                                By: S/s Barry H Willson

                                                Print:
                                                      -------------------------

                                                Title:
                                                      -------------------------

                                                Date:
                                                     --------------------------

         Before me personally appeared the individual signing on behalf of
Assignee, known to me or proved to me on the basis of satisfactory evidence to
be the person who represents the Assignee subscribed to in this Agreement, and
acknowledged that he/she executed the same.

--------------------------------
Notary Public

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<PAGE>

         AS TO ARTICLE IV ONLY:                   XSTREAM BEVERAGE GROUP, INC

                                                  By: S/S Barry H Willson

                                                  Print:
                                                        -----------------------

                                                  Title:
                                                        -----------------------

                                                  Date:
                                                       ------------------------

         Before me personally appeared the individual signing on behalf of
Xstream Beverage Group, Inc., known to me or proved to me on the basis of
satisfactory evidence to be the person who represents Xstream Beverage Group,
Inc., subscribed to in this Agreement, and acknowledged that he/she executed the
same.

----------------------------------
Notary Public

                                       8EXHIBIT 10.5

                          Revised Employment Agreement

THIS EMPLOYMENT AGREEMENT (the "Agreement") is entered into by and among
         THEODORE FARNSWORTH , an individual residing in Boca Raton, USA (the
         "Employee"); XStream Beverage Group, Inc., a Nevada corporation
         ("XStream") XStream and the Employee being sometimes hereinafter
         collectively to as the "Parties" or generically as a "Party".

         NOW, THEREFORE, in consideration of the mutual promises, covenants and
agreements hereby exchanged, as well as of the sum of Ten ($10.00) Dollars and
other good and valuable consideration, the receipt and adequacy of which is
hereby acknowledged, the Parties, intending to be legally bound, hereby agree as
follows:

                                   Witnesseth:
                                   -----------

                                   ARTICLE ONE
                                   -----------
                       TERM, RENEWALS, EARLIER TERMINATION
                       -----------------------------------
1.1      TERM.
--------------

         Subject to the provisions set forth herein, the term of the Employee's
employment hereunder shall be deemed to have commenced as of February 5th, 2004
and shall continue until December 31st, 2007.

1.2      RENEWALS.
------------------

(a) This Agreement shall be renewed automatically, after expiration of the
original term, on a continuing annual basis, unless the Party wishing not to
renew this Agreement provides the other Party with written notice of its
election not to renew ("Termination Election Notice") on or before the 30th day
prior to termination of the then current term.

(b) In the event that in conjunction with a renewal of this Agreement, a Party
desires a modification of the terms of this Agreement that are not of general
application (e.g., the provisions pertaining to salary, commissions, etc.),
then:

         (1) Such Party shall provide the other with a written notice specifying
the requested modifications (the "Modification Request Notice") on or before the
45th day prior to termination of the then current term which;

         (2) If the modifications specified in the Modifications Request Notice
are accepted in writing by the other Party prior to expiration of the then
current term, the Modifications Request Notice shall be deemed a written
amendment to this Agreement, effective as of the first day of the new renewal
term;

         (3)      If the Party receiving the Modifications Request Notice finds
                  the proposed modifications unacceptable, it may initiate
                  negotiations to reach compromise modifications with the Party
                  providing the Modifications Request Notice, which must be
                  concluded and reflected in a written amendment to this
                  Agreement prior to the end of the then current term, failing
                  which, the provisions of Section 1.2(B)(4) will be deemed in
                  effect;

<PAGE>

         (4) If the modifications specified in the Modifications Request Notice
are not accepted in writing by the other Party prior to expiration of the then
current term, the Modifications Request Notice shall be deemed a Notice of
Termination and this Agreement will expire effective as of the close of business
on the last day of the then current term.

1.3      EARLIER TERMINATION.
-----------------------------

         XStream shall have the right to terminate this Agreement prior to the
expiration of its Term or of any renewals thereof:

(a)      For Cause:

         (1) XStream may terminate the Employee's employment under this
Agreement at any time for cause.

         (2) Such termination shall be evidenced by written notice thereof to
the Employee, which notice shall specify the cause for termination.

         (3) For purposes hereof, the term "cause" shall mean:

                  (A) The inability of the Employee, through sickness or other
incapacity, to discharge his duties under this Agreement for 90 or more
consecutive days or for a XStream of 180 or more days out of a period of 270
days;

                  (B) The failure of the Employee to abide by the directions of
XStream's board of directors;

                  (C) Dishonesty; theft; insubordination or conviction of a
crime;

                  (D) Material default in the performance of the Employee's
obligations, services or duties required under this Agreement (other than due to
illness) or material breach of any provision of this Agreement, which default or
breach has not been completely remedied within five days after written notice of
such default or breach.

(b)      Deterioration or Discontinuance of Business:

         (1)      In the event that XStream discontinues operating its business,
                  this Agreement shall terminate as of the last day of the month
                  on which it ceases operation with the same force and effect as
                  if such last day of the month were originally set as the
                  termination date hereof; provided, however, that a
                  reorganization or merger of XStream shall not be deemed a
                  termination of its business.

(c)      Death:

         This Agreement shall terminate immediately on the death of the
Employee; however, all accrued compensation at such time shall be promptly paid
to the Employee's estate.

<PAGE>

1.4      SEVERANCE PAYMENTS AND ALTERNATIVES TO TERMINATION
-----------------------------------------------------------

         In the event this Agreement is terminated for reasons other than for
cause as described in Section 1.3(a)(3)(b) or (c) above, the Employee shall be
entitled to receive:

         (A) All salaries and reimbursements earned through the date of
termination;

         (B) An amount equal to the greater of 200% of the Employee's then
prevailing salary or the remaining compensation due under this Agreement
whichever is less;

         (C) Continued participation in those medical, life and disability
insurance benefits, if any, which are provided to the Employee as of the last
date of employment and continue for a period of one year following the last date
of employment with the XStream;

         (D) In the event of a change in control (as defined below), Employee
shall have the option at any time after the date that the change in control
occurs to terminate his employment. Under such a change in control termination,
the Employee will receive from XStream compensation in the amount equal to 2.99
times the Base Salary, less any Base Salary paid to him from the date of the
change in control to the date of termination. The Employee shall have the option
to receive this change in control payment in (i) equal installments in the same
amount and at the same periodic intervals as if Employee had remained employed
by XStream or (ii) in a single lump sum payment. A Change in Control shall mean
the occurrence of any event resulting in the current control shareholders
individually or collectively beneficially own less than 50% of the then
outstanding common stock.

1.5      FINAL SETTLEMENT.
--------------------------

         Upon termination of this Agreement the Employee or the Employee's
representative shall execute and deliver to XStream on a form prepared by
XStream, a release of all claims except such claims as may have been submitted
pursuant to the terms of this Agreement and which remain unpaid, and, shall
forthwith tender to XStream all records, manuals and written procedures, as may
be desired by it for the continued conduct of its business.

                                   ARTICLE TWO
                                   -----------
                               SCOPE OF EMPLOYMENT
                               -------------------

2.1      RETENTION.
-------------------

         XStream hereby hires the Employee and the Employee hereby accepts such
employment, in accordance with the terms, provisions and conditions of this
Agreement.

2.2      GENERAL DESCRIPTION OF DUTIES.
---------------------------------------

         (A) The Employee shall serve as the Chairman of the Board of XStream.

         (B) The Employee shall oversee all operational and strategic and
shareholder issues related to the ongoing business needs of XStream and its
subsidiaries. The Employee shall at all times be accountable to XStream's Board
of Directors. The Employee is expected to work a minimum of 40 hours per week
and devote his full time and attention to the operations of XStream. However,
nothing shall prohibit the Employee from engaging in charitable and civic
activities and managing his personal

<PAGE>

passive investments, provided that such passive investments are not in a company
which competes in a business similar to that of XStream's business.

         (C) The Employee hereby represents and warrants to XStream that he is
subject to no legal, self regulatory organization (e.g., National Association of
Securities Dealers, Inc.'s bylaws) or regulatory impediments to the provision of
the services called for by this Agreement, or to receipt of the compensation
called for under this Agreement or any supplements thereto; and, the Employee
hereby irrevocably covenants and agrees to immediately bring to the attention of
XStream any facts required to make the foregoing representation and warranty
continuingly accurate throughout the term of this Agreement, or any supplements
or extensions thereof.

2.3      EXCLUSIVITY.
---------------------

         (a) Unless specifically authorized by this Agreement or is otherwise
authorized by XStream's board of directors, on a case by case basis, in writing,
all of the Employee's business time shall be devoted exclusively to the affairs
of XStream.

         (b) Without limiting the generality of the foregoing, the Employee
covenants to perform the employment duties called for hereby in good faith,
devoting substantially all business time, energies and abilities thereto and
will not engage in any other business or commercial activities for any person or
entity without the prior written consent of XStream's Board of Directors.

2.4      LIMITATIONS ON SERVICES
--------------------------------

(a) The Parties recognize that certain responsibilities and obligations are
imposed by federal and state securities laws and by the applicable rules and
regulations of stock exchanges, the National Association of Securities Dealers,
Inc., in-house "due diligence" or "compliance" departments of Licensed
Securities Firms, etc.; accordingly, the Employee agrees that he will not:

         (1) Release any financial or other material information or data about
XStream without the prior written consent and approval of XStream's General
Counsel or Securities Counsel;

         (2) Conduct any meetings with financial analysts without informing
XStream's General Counsel and board of directors in advance of the proposed
meeting and the format or agenda of such meeting.

(b) In any circumstances where the Employee is describing the securities of
XStream to a third party, the Employee shall disclose to such person any
compensation received from XStream to the extent required under any applicable
laws, including, without limitation, Section 17(b) of the Securities Act of
1933, as amended.

(c) In rendering his services, the Employee shall not disclose to any third
party any confidential non-public information furnished by XStream or otherwise
obtained by it with respect to XStream, except on a need to know basis, and in
such case, subject to appropriate assurances that such information shall not be
used, directly or indirectly, in any manner that would violate state or federal
prohibitions on insider trading of XStream's securities.

(d) The Employee shall not take any action which would in any way adversely
affect the reputation, standing or prospects of XStream or which would cause
XStream to be in violation of applicable laws.

<PAGE>

                                  ARTICLE THREE
                                  -------------
                                  COMPENSATION
                                  ------------

3.1      COMPENSATION.
----------------------

         As consideration for the Employee's services to XStream the Employee
shall be entitled to the following compensation:

         The Employee's salary during the first year of this agreement shall be
$130,000 (the "Base Salary"). In addition to the Base Salary, the Employee shall
be entitled to receive such bonuses as may be determined by XStream from time to
time during the term of this agreement. The Base Salary shall be payable in
accordance with the XStream's customary payroll practices and procedures and
shall be prorated for any partial year during the Term.

3.2         BENEFITS.
---------------------

         (A)      The Employee shall be entitled to any benefits generally made
                  available to all other employees including without limitation
                  medical, disability and life insurance plans and programs
                  established by XStream subject however to any eligibility
                  requirements and other provisions of such plans. The Employee
                  shall also be entitled to receive such fringe benefits as may
                  be generally provided by XStream from time to time to its
                  employees and any additional benefits that may be granted from
                  time to time for Xstream's directors in accordance with the
                  policies of XStream in effect from time to time including but
                  not limited to Directors and Officers Insurance.

(B)               The Employee shall be entitled to four (4) weeks paid vacation
                  annually, to be take at such time(s) as shall not, in the
                  reasonable judgment of XStream's Board of Directors, interfere
                  with the fulfillment of the Employee's duties under this
                  Agreement. The Employee shall be entitled to as many holidays,
                  sick days and personal days as are generally provided from
                  time to time to XStream's employees in accordance with
                  XStream's policies in effect from time to time.

(C)               The Employee shall be entitled to receive an automobile
                  allowance in an amount of $800 per month. In addition, XStream
                  shall pay or reimburse the Employee for all approved travel,
                  entertainment and other expenses incurred by him in connection
                  with the performance of his duties hereunder in accordance
                  with the policies and procedures established from time to time
                  by Xstream.

3.3      INDEMNIFICATION.
-------------------------

         XStream will defend, indemnify and hold the Employee harmless from all
liabilities, suits, judgments, fines, penalties or disabilities, including
expenses associated directly, therewith (e.g. legal fees, court costs,
investigative costs, witness fees, etc.) resulting from any reasonable actions
taken by him in good faith on behalf of XStream, its affiliates or for other
persons or entities at the request of the board of directors of XStream, to the
fullest extent legally permitted, and in conjunction therewith, shall assure
that all required expenditures are made in a manner making it unnecessary for
the Employee to incur any out of pocket expenses; provided, however, that the
Employee permits the majority stockholders of XStream to select and supervise
all personnel involved in such defense and that the Employee waive any conflicts
of interest that such personnel may have as a result of also representing

<PAGE>

XStream, its stockholders or other personnel and agrees to hold them harmless
from any matters involving such representation, except such as involve fraud or
bad faith.

                                  ARTICLE FOUR
                                  ------------
                                SPECIAL COVENANTS
                                -----------------

4.1      CONFIDENTIALITY, NON-CIRCUMVENTION AND NON-COMPETITION.
----------------------------------------------------------------

         During the term of this Agreement, all renewals thereof and for a
period of two years after its termination, the Employee hereby irrevocably
agrees to be bound by the following restrictions, which constitute a material
inducement for XStream's entry into this Agreement:

(a) Because the Employee will be developing for XStream, making use of,
acquiring and/or adding to, confidential information of special and unique
nature and value relating to such matters as XStream's trade secrets, systems,
procedures, manuals, confidential reports, personnel resources, strategic and
tactical plans, advisors, clients, investors and funders; as material inducement
to the entry into this Agreement by XStream, the Employee hereby covenants and
agrees not to personally use, divulge or disclose, for any purpose whatsoever,
directly or indirectly, any of such confidential information during the term of
this Agreement, any renewals thereof, and for a period of two years after its
termination.

(b) The Employee hereby covenants and agrees to be bound as a fiduciary of
XStream, as if the Employee were a partner in a partnership bound by the
partnership opportunities doctrine, as such concept has been judicially and
legislatively developed in the State of Florida, and consequently, without the
prior written consent of XStream, on a specific, case by case basis, the
Employee shall not, among other things, directly or indirectly:

         (1) Engage in any activities, whether or not for profit, competitive
with XStream's business.

         (2) Solicit or accept any person providing services to XStream, whether
as an employee, consultant or independent contractor, for employment or
provision of services.

         (3) Induce any client or customer of XStream to cease doing business
with XStream or to engage in business with any person engaged in business
activities that compete with XStream's business.

         (4) Divert any business opportunity within the general scope of
XStream's business and business capacity, to any other person or entity.

4.2      SPECIAL REMEDIES.
--------------------------

         In view of the irreparable harm and damage which would undoubtedly
occur to XStream as a result of a breach by the Employee of the covenants or
agreements contained in this Article Four, and in view of the lack of an
adequate remedy at law to protect XStream's interests, the Employee hereby
covenants and agrees that XStream shall have the following additional rights and
remedies in the event of a breach hereof:

(a) In addition to and not in limitation of any other rights, remedies or
damages available to XStream, whether at law or in equity, it shall be entitled
to a permanent injunction in order to prevent or to restrain any such breach by
the Employee, or by the Employee's partners, agents, representatives, servants,
employers, employees, affiliates and/or any and all persons directly or
indirectly acting for or with him and the Employee hereby consents to the
issuance of such a permanent injunction; and

<PAGE>

(b) Because it is impossible to ascertain or estimate the entire or exact cost,
damage or injury which XStream may sustain prior to the effective enforcement of
such injunction, the Employee hereby covenants and agrees to pay over to
XStream, in the event the employee violates the covenants and agreements
contained in Section 4.2 hereof, the greater of:

         (1) Any payment or compensation of any kind received by the Employee or
by persons affiliated with or acting for or with the Employee, because of such
violation before the issuance of such injunction, or

         (2)      The sum of Ten Thousand ($10,000.00) Dollars per violation,
                  which sum shall be liquidated damages, and not a penalty, for
                  the injuries suffered by XStream as a result of such
                  violation, the Parties hereto agreeing that such liquidated
                  damages are not intended as the exclusive remedy available to
                  XStream for any breach of the covenants and agreements
                  contained in this Article Four, prior to the issuance of such
                  injunction, the Parties recognizing that the only adequate
                  remedy to protect XStream from the injury caused by such
                  breaches would be injunctive relief.

4.3      CUMULATIVE REMEDIES.
-----------------------------

         The Employee hereby irrevocably agrees that the remedies described in
Section 4.2 shall be in addition to, and not in limitation of, any of the rights
or remedies to which XStream is or may be entitled to, whether at law or in
equity, under or pursuant to this Agreement.

4.4      ACKNOWLEDGMENT OF REASONABLENESS.
------------------------------------------

(a) The Employee hereby represents, warrants and acknowledges that having
carefully read and considered the provisions of this Article Four, the
restrictions set forth herein are fair and reasonable and are reasonably
required for the protection of the interests of XStream, its officers, directors
and other employees; consequently, in the event that any of the above-described
restrictions shall be held unenforceable by any court of competent jurisdiction,
the Employee hereby covenants, agrees and directs such court to substitute a
reasonable judicially enforceable limitation in place of any limitation deemed
unenforceable and, the Employee hereby covenants and agrees that if so modified,
the covenants contained in this Article Four shall be as fully enforceable as if
they had been set forth herein directly by the Parties.

(b) In determining the nature of this limitation, the Employee hereby
acknowledges, covenants and agrees that it is the intent of the Parties that a
court adjudicating a dispute arising hereunder recognize that the Parties desire
that these covenants not to circumvent, disclose or compete be imposed and
maintained to the greatest extent possible.

4.5      UNAUTHORIZED ACTS.
---------------------------

         The Employee hereby covenants and agrees not do any act or incur any
obligation on behalf of XStream except as authorized by its board of directors.

4.6      COVENANT NOT TO DISPARAGE
----------------------------------

         The Employee hereby irrevocably covenants and agrees that during the
term of this Agreement and after its termination, he will refrain from making
any remarks that could be construed by anyone, under any circumstances, as
disparaging, directly or indirectly, specifically, through innuendo or by

<PAGE>

inference, whether or not true, about XStream, its constituent members, or their
officers, directors, stockholders, employees, agent or affiliates, whether
related to the business of XStream, to other business or financial matters or to
personal matters.

                                  ARTICLE FIVE
                                  ------------
                                  MISCELLANEOUS
                                  -------------

5.1      NOTICES.
-----------------

(a) (1) All notices, demands or other communications hereunder shall be in
writing, and unless otherwise provided, shall be deemed to have been duly given
on the first business day after mailing by registered or certified mail, return
receipt requested, postage prepaid, addressed as follows:

To the Employee:

THEODORE FARNSWORTH

                                            19833, Boca West Drive
                                            Boca Raton, Florida, 33434
To XStream:

XSTREAM BEVERAGE GROUP, INC.

                                            4800, NW 15th Avenue, Bay 1A.
                                            Fort Lauderdale
                                            Florida 33309

         (2)      Copies of notices will also be provided to such other address
                  or to such other person as any Party shall designate to the
                  other for such purpose in the manner hereinafter set forth.

5.2      AMENDMENT.
-------------------

(a) No modification, waiver, amendment, discharge or change of this Agreement
shall be valid unless the same is in writing and signed by the Party against
which the enforcement of said modification, waiver, amendment, discharge or
change is sought.

(b) This Agreement may not be modified without the consent of a majority in
interest of XStream's Board of Directors.

5.3      MERGER.
----------------

(a) This instrument contains all of the understandings and agreements of the
Parties with respect to the subject matter discussed herein.

(b) All prior agreements whether written or oral, are merged herein and shall be
of no force or effect.

5.4      SURVIVAL.
------------------

         The several representations, warranties and covenants of the Parties
contained herein shall survive the execution hereof and shall be effective
regardless of any investigation that may have been made or may be made by or on
behalf of any Party.

<PAGE>

5.5      SEVERABILITY.
----------------------

         If any provision or any portion of any provision of this Agreement, or
the application of such provision or any portion thereof to any person or
circumstance shall be held invalid or unenforceable, the remaining portions of
such provision and the remaining provisions of this Agreement or the application
of such provision or portion of such provision as is held invalid or
unenforceable to persons or circumstances other than those to which it is held
invalid or unenforceable, shall not be effected thereby.

5.6      GOVERNING LAW AND VENUE.
---------------------------------

         This Agreement shall be construed in accordance with the laws of the
State of Florida but any proceeding arising between the Parties in any matter
pertaining or related to this Agreement shall, to the extent permitted by law,
be held in Broward County, Florida.

5.7      LITIGATION.
--------------------

(a) In any action between the Parties to enforce any of the terms of this
Agreement or any other matter arising from this Agreement, the prevailing Party
shall be entitled to recover its costs and expenses, including reasonable
attorneys' fees up to and including all negotiations, trials and appeals,
whether or not litigation is initiated.

(b) In the event of any dispute arising under this Agreement, or the negotiation
thereof or inducements to enter into the Agreement, the dispute shall, at the
request of any Party, be exclusively resolved through the following procedures:

         (1)      (A) First, the issue shall be submitted to mediation before a
mediation service in Broward County, Florida.

                  (B) The mediation efforts shall be concluded within ten
business days after their initiation unless the Parties unanimously agree to an
extended mediation period.

         (2)      In the event that mediation does not lead to a resolution of
the dispute then at the request of any Party, the Parties shall submit the
dispute to binding arbitration before an arbitration service located in Broward
County, Florida.

         (3)      (A) Expenses of mediation shall be borne by XStream, if
successful.

                  (B) Expenses of mediation, if unsuccessful and of arbitration
shall be borne by the Party or Parties against whom the arbitration decision is
rendered.

                  (C) If the terms of the arbitration award does not establish a
prevailing Party, then the expenses of unsuccessful mediation and arbitration
shall be borne equally by the Parties.

5.8      BENEFIT OF AGREEMENT.
------------------------------

(a) This Agreement may not be assigned by the Employee without the prior written
consent of XStream.

(b) Subject to the restrictions on transferability and assignment contained
herein, the terms and provisions of this Agreement shall be binding upon and
inure to the benefit of the Parties, their successors, assigns, personal
representative, estate, heirs and legatees.

<PAGE>

5.9      CAPTIONS.
------------------

         The captions in this Agreement are for convenience and reference only
and in no way define, describe, extend or limit the scope of this Agreement or
the intent of any provisions hereof.

5.10     NUMBER AND GENDER.
---------------------------

         All pronouns and any variations thereof shall be deemed to refer to the
masculine, feminine, neuter, singular or plural, as the identity of the Party or
Parties, or their personal representatives, successors and assigns may require.

5.11     FURTHER ASSURANCES.
----------------------------

         The Parties hereby agree to do, execute, acknowledge and deliver or
cause to be done, executed or acknowledged or delivered and to perform all such
acts and deliver all such deeds, assignments, transfers, conveyances, powers of
attorney, assurances, recipes, records and other documents, as may, from time to
time, be required herein to effect the intent and purposes of this Agreement.

5.12     STATUS.
----------------

         Nothing in this Agreement shall be construed or shall constitute a
partnership, joint venture, agency, or lessor-lessee relationship; but, rather,
the relationship established hereby is that of employer-employee in XStream.

5.13     COUNTERPARTS.
----------------------

(a)      This Agreement may be executed in any number of counterparts.

(b)      Execution by exchange of facsimile transmission shall be deemed legally
         sufficient to bind the signatory; however, the Parties shall, for
         aesthetic purposes, prepare a fully executed original version of this
         Agreement, which shall be the document filed with the Securities and
         Exchange Commission.

<PAGE>

In Witness Whereof, the Parties have executed this Agreement, effective as of
the last date set forth below.

Signed, Sealed & Delivered
        In Our Presence

THE EMPLOYEE

S/s Theodore Farnsworth
--------------------------
Theodore Farnsworth
Dated:   February 5th 2004

XSTREAM BEVERAGE  GROUP, INC.
 AN NEVADA CORPORATION.

S/s Barry H Willson
--------------------------
BY:

Barry H Willson
Secretary and Treasurer

(CORPORATE SEAL)
                                          Attest:  __________________________

Dated:   February 5th  2004

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