PURPLE BEVERAGE COMPANY, INC. SUBSCRIPTION AGREEMENTSubscription Agreement • September 9th, 2008 • Purple Beverage Company, Inc. • Beverages • New York
The undersigned, Jay-2 Investments, LLC, a California limited liability company, 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 $1,000,000 (the “Note”), in the form attached hereto as Exhibit A; not less than 200,000 shares (the “Shares”) of the Company’s $.001 par value Common Stock (“Common Stock”); a two-year warrant, in the form attached hereto as Exhibit B (the “A Warrant”), to purchase up to 200,000 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 Warrant Exercise Price”), in accordance with this agreement. This subscription may be rejected in whole or in part by the Company, in its sole and absolute discretion for any cause or fo
