First file is my RequireJS config. Second, is the main require() call.

gistfile1.js

{
  name: 'components/almond/almond',
  include: 'lib/emform',
  out: 'dist/emform.js',
  optimize: 'uglify2',
  useStrict: true,
  shim: {
    'handlebars': {
      exports: 'Handlebars'
    }
  },
  wrap: {
    start: '(function (window, document, undefined) {',
    end: '}(window, document));'
  },
  paths: {
    'bean': 'components/bean/bean',
    'handlebars': 'components/handlebars.js/dist/handlebars.runtime',
    'reqwest': 'components/reqwest/reqwest'
  }
}

gistfile2.js

require([
  'lib/config',
  'handlebars',
  'bean',
  'reqwest'
], function (config, handlebars, bean, reqwest) {
  'use strict';

  console.log(handlebars); // undefined

  console.log(config, bean, reqwest); // OK

});