0001144204-07-067749 Sample Contracts

STOCK REPURCHASE AGREEMENT
Stock Repurchase Agreement • December 17th, 2007 • Red Carpet Entertainment Inc • Services-personal services • Nevada

This Stock Repurchase Agreement (this “Agreement”) is made and entered into effective as of December 12, 2007, by and between Red Carpet Entertainment, Inc., a Nevada corporation (the “Company”), and Christopher Johnson and Lissa Johnson (collectively, the “Stockholder”).

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SUBSCRIPTION AGREEMENT
Subscription Agreement • December 17th, 2007 • Red Carpet Entertainment Inc • Services-personal services • New York

THIS SUBSCRIPTION AGREEMENT (this “Agreement”), is dated as of ____________, 2007, by and among Purple Beverage Company, Inc. (formerly Red Carpet Entertainment, Inc.), a Nevada corporation (the “Company”), and the subscribers identified on the signature page hereto (each a “Subscriber” and collectively “Subscribers”).

LOCKUP AGREEMENT
Lockup Agreement • December 17th, 2007 • Red Carpet Entertainment Inc • Services-personal services • New York

This AGREEMENT (the “Agreement”) is made as of the 12 day of December, 2007, by _______________________ (“Holder”), maintaining an address at _______________________, facsimile: (___) ___-____, in connection with his or its ownership of shares of Purple Beverage Company, Inc., a Nevada corporation (the “Company”).

AGREEMENT AND PLAN OF MERGER
Agreement and Plan of Merger • December 17th, 2007 • Red Carpet Entertainment Inc • Services-personal services • Nevada

This Agreement and Plan of Merger (“Agreement”) is made and entered into as of December 12, 2007, by and among Venture Beverage Company, a Nevada corporation, with its principal office at 450 East Las Olas Blvd., Suite 830, Ft. Lauderdale, Florida, 33301 (“Venture”), Red Carpet Entertainment, Inc., a Nevada corporation, with its principal office at 400 Corporate Pointe, Suite 300, Culver City, California, 90230 (“Red”), and Purple Acquisition Corp., a newly-formed wholly-owned subsidiary of Red (“Acquisition Sub”).

EMPLOYMENT AGREEMENT
Employment Agreement • December 17th, 2007 • Red Carpet Entertainment Inc • Services-personal services • Florida

This EMPLOYMENT AGREEMENT (the “Agreement”), dated as of December 12, 2007, between Purple Beverage Company, Inc., a Nevada corporation having its principal office in Florida (the “Company”), and Theodore Farnsworth (the “Employee”).

NONQUALIFIED STOCK OPTION AWARD AGREEMENT Issued Pursuant to the Purple Beverage Company, Inc. 2007 Incentive Plan
Nonqualified Stock Option Award Agreement • December 17th, 2007 • Red Carpet Entertainment Inc • Services-personal services • New York

THIS OPTION AWARD AGREEMENT (“Agreement”), effective ______, (the “Date of Grant”) represents the grant of an incentive stock option (“Option”) by Purple Beverage Company, Inc. (the “Company”), to ___________________ (the “Participant”) pursuant to the provisions of the Purple Beverage Company, Inc. 2007 Incentive Plan adopted ______ __, 2007 and approved by shareholders ____ __, 2007 (the “Plan”), as may be amended from time to time. The Option granted hereby is not intended to be an “ISO”, as such term is defined in the Plan, within the meaning of Section 422 of the Code.

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