PURPLE BEVERAGE COMPANY, INC. SUBSCRIPTION AGREEMENTSubscription Agreement • October 10th, 2008 • Purple Beverage Company, Inc. • Beverages • Florida
Contract Type FiledOctober 10th, 2008 Company Industry JurisdictionThe undersigned, Ben Rabinowitz, hereby subscribes to purchase the securities (the “Securities”) of Purple Beverage Company, Inc., a Nevada corporation (the “Company”), consisting of a promissory note in the face amount of up to $3,000,000 (the “Note”), in the form attached hereto as Exhibit A; up to 600,000 shares (the “Shares”) of the Company’s Common Stock (such number of Shares to be calculated on a pro rata basis determined by the face amount of the Note); a two-year warrant, in the form attached hereto as Exhibit B (the “A Warrant”), to purchase up to 600,000 shares of the Company’s Common Stock (the number of shares of the Company’s Common Stock underlying the A Warrant to be calculated on a pro rata basis as determined by the face amount of the Note) at an exercise price of $2.00 per underlying share (the “Initial A Warrant Exercise Price”); and a two-year warrant, in the form attached hereto as Exhibit C (the “B Warrant;” together with A Warrant, the “Warrants”), to purchase u
PURPLE BEVERAGE COMPANY, INC. SUBSCRIPTION AGREEMENTSubscription Agreement • October 10th, 2008 • Purple Beverage Company, Inc. • Beverages • Florida
Contract Type FiledOctober 10th, 2008 Company Industry JurisdictionThe undersigned, Ben Rabinowitz, hereby subscribes to purchase the securities (the “Securities”) of Purple Beverage Company, Inc., a Nevada corporation (the “Company”), consisting of a promissory note in the face amount of up to $3,000,000 (the “Note”), in the form attached hereto as Exhibit A; up to 600,000 shares (the “Shares”) of the Company’s Common Stock (such number of Shares to be calculated on a pro rata basis determined by the face amount of the Note); a two-year warrant, in the form attached hereto as Exhibit B (the “A Warrant”), to purchase up to 600,000 shares of the Company’s Common Stock (the number of shares of the Company’s Common Stock underlying the A Warrant to be calculated on a pro rata basis as determined by the face amount of the Note) at an exercise price of $2.00 per underlying share (the “Initial A Warrant Exercise Price”); and a two-year warrant, in the form attached hereto as Exhibit C (the “B Warrant;” together with A Warrant, the “Warrants”), to purchase u